2020-12-31-accounts - Hereford Municipal Charities

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		Page
Report of the Trustees	1	to	5
Report of the Independent Auditors	6	to	9
Statement of Financial Activities		10
Balance Sheet
Notes to the Financial Statements	12	to	22
Detailed Statement of Financial Activities	23	to	24

							31.12.20	31.12.19
				Unrestricted	Restricted	Endowment	Total	Total
				fund	funds	fund	funds	funds
			Notes	E	E	E	E	E
INCOME AND ENDOWMENTS
FROM
Charitable activities
Almshouses				305,757			305,757	288,333
Investment income				119,822			119,912	119,202
Total				425,579			425,669	407,535
EXPENDITURE ON
Raising funds				8,002			8,002	3,058
Charitable activities
Almshouses				188,275			188,275	280,564
Eleemosynary				10,605			10,605	9,478
Apprenticing and	educational			517			517	794
Herbert Gelder								783
Total				207,399			207,399	294,677
Net gains on investments				21,347		148,975	170,322	482,998
NET INCOME				239,527		148,975	388,592	595,856
RECONCILIATION	OF	FUNDS
Total funds brought		forward		871,&83	485,434	4,507,553	5,864,670	5,268,814
TOTAL FUNDS CARRIED
FORWARD				1,111,210	485,524	4,656,528	6,253,262	5,864,670

Balance She 31 December	et 2020
							31.12.20	31.12.19
				Unrestricted	Restricted	Endowment	Total	Total
				fund	funds	fund	funds	funds
			Notes	f.	f.	E	I;	E
FIXED ASSETS
Tangible assets					480,932	671,758	1,152,690	1,152,690
Investments
Investments			10			3,159,770	3,159,770	3,010,795
Investment property			11			825,000	825,000	825,000
					480,932	4,656,528	5,137,460	4,988,485
CURRENT ASSETS
Debtors			12	80,466			80,466	58,190
Investments			13	505,811			505,811	434,464
Cash at bank	and in hand			534,580	4,592		539,172	392,331
				1,120,857	4,592		1,125,449	884,985
CREDITORS
Amounts falling due within		one
year				(9,647)			(9,647)	(8,800)
NET CURRENT ASSETS				1,111,210	4,592		1,115,802	876,185
TOTAL ASSETS LESS CURRENT
LIABILITIES				1,111,210	485,524	4,656,528	6,253,262	5,864,670
NET ASSETS				1,111,210	485,524	4,656,528	6,253,262	5,864,670
FUNDS			15
Unrestricted	funds						1,111,210	871,683
Restricted funds							485,524	485,434
Endowment	funds						4,656,528	4,507,553
TOTAL FUNDS							6,253,262	5,864,670

									31.12.20	31.12.19
				Unrestricted		Restricted		Endowment	Total	Total
					funds	funds		funds	funds	funds
					E	E		E	E	E
Rents	received				17,111				17,111	17,111
Dividends		and	interest		102,711				102,801	102,091
					119,822		90		119,912	119,202
GRANTS		PAYABLE
									31.12.20	31.12.19
									E	E
Eleemosynary									8,796	7,684
Apprenticing			and	educational						300
									8,796	7,984
The total		grants		paid to institutions	during the	year was	as follows:
									31.12.20	31.12.19
									E	E
St Peter's		V/inter		Shelter					1,000	1,000
Happy	Days								1,450
									2,450	1,000

						Governance
				Other		costs	Totals
				E		E	E
Almshouses				23,587		5,313	28,900
Eleemosynary				1,387		422	1,809
Apprenticing		and educational			348	169	517
				25	322	5,904	31,226
AUDITORS'	REMUNERATION
						31.12.20	31.12.19
						E
Fees payable		to the charity's	auditors for the audit of the charity's	financial
statements						4,434	3,621

STAFF	COSTS
		31.12.20	31.12.19
		f.	I:
Wages	and salaries	19,392	20,582
Other	pension costs	1,061	1,060
		20,453	21,642

31.12.20	31.12.19
2	2

No employees received emoluments in excess of I:60,	No employees received emoluments in excess of I:60,	No employees received emoluments in excess of I:60,	000.
COMPARATIYES FOR THE STATEMENT OF FINANCIAL			ACTIYITIES
		Unrestricted		Restricted	Endowment	Total
			fund	funds	fund	funds
			f.	E	E	I:
INCOME AND	ENDOWMENTS	FROM
Charitable activities
Almshouses			288,333			288,333
Investment income			119,114	88		119,202
Total			407,447	88		407,535
EXPENDITURE ON
Raising funds			3,058			3,058
Charitable activities
Almshouses			280,564			280,564
Eleemosynary			9,478			9,478
Apprenticing	and educational		794			794
Herbert Gelder			783			783
Total			294,677			294,677
Net gains on	investments		70,076		412,922	482,998

for th	e Year Ended 31 December 2020	e Year Ended 31 December 2020	e Year Ended 31 December 2020	e Year Ended 31 December 2020
8.	COMPARATIVES FOR THE STATEMENT OF				FINANCIAL ACTIVITIES-			continued
						Unrestricted		Restricted	Endowment	Total
						fund		funds	fund	funds
						E		E	E	E
	NET INCOME					182,846		88	412,922	595,856
	RECONCILIATION OF FUNDS
	Total funds brought forward					688,837		485,346	4,094,631	5,268,814
	TOTAL FUNDS CARRIED FORWARD					871,683		485,434	4,507,553	5,864,670
9.	TANGIBLE FIXED ASSETS
								Housing
								Association	Almshouse
								Property	Property	Totals
								E	E	E
	COST
	At 1 January 2020 and 31 December			2020				480,932	671,758	1,152,690
	NET BOOK VALUE
	At 31 December 2020							480,932	671,758	1,152,690
	At 31 December 2019							480,932	671,758	1,152,690
	Included in cost or valuation	of	land and buildings			is freehold	land	of E1,152,690	which is not depreciated.
	Property has been valued	based		on the	1972	valuations	at the time of the		establishment	of the charity
	commission scheme, subsequent		purchases		have	been valued	at cost.
10.	FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
	Listed
	investments
	E
MARKET VALUE
At 1 January 2020	3,010,795
Revaluations	148,975
At 31 December 2020	3,159,770
NET BOOK VALUE
At 31 December 2020	3,159,770
At 31 December 2019	3,010,795

FAIR VALUE
At 1 January 2020
and 31 December 2020	825,000
NET BOOK VALUE
At 31 December 2020	825,000
At 31 December 2019	825,000

DEBTORS: A	MOUNTS FA	LLING DUE WITHIN ONE YEAR
			31.12.20	31.12.19
			E	E
Other debtors			4,092	1,023
Expense recoverable			38,763	20,730
Prepayments	and accrued income		37,611	36,437
			80,466	58,190
CURRENT ASSET INVESTMENTS
			31.12.20	31.12.19
			f.	E
Listed investments			505,811	434,464
During the year additions		of f50,000 were made to current asset investments.
CREDITORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
			31.12.20	31.12.19
			E	E
Taxation and	social security		1,128	1,292
Other creditors			8,519	7,508
			9,647	8,800

MOVEMENT	IN FUN	DS
								Net
								movement	At
							At 1.1.20	in funds	31.12.20
								E
Unrestricted funds
Unrestricted	Almshouse			fund			692,749	230,867	923,616
Designated	Extraordinary			repair	fund		121,961	(3,881)	118,080
Designated	Eleemosynary			fund			43,110	9,325	52,435
Designated	William	Brydges fund					3,682	159	3,841
Designated	Apprenticing			and Educational
fund							9,988	2,281	12,269
Designated	Herbert	Gelder fund					193	776	969
							871,683	239,527	1,111,210
Restricted	funds
Fixed Asset	Almshouse		fund				480,932		480,932
Muriel Fildes' fund							4,502		4,592
							485,434		485,524
Endowment	funds
Endowment	fund						4,507,553	148,975	4,656,528
TOTAL FUNDS							5,864,670	388,592	6,253,262
Net movement in funds,				included	in the above are as follows:
					Incoming		Resources	Gains and	Movement
					resources		expended	losses	in funds
					E		E	E	E
Unrestricted funds
Unrestricted	Almshouse			fund	402,217		{196,277)	24,927	230,867
Designated	Extraordinary			repair	fund			(3,881)	{3,881)
Designated	Eleemosynary			fund	19,930		(10,605)		9,325
Designated	William	Brydges fund				159			159
Designated	Apprenticing			and Educational
fund					2,497		(517)	301	2,281
Designated	Herbert	Gelder fund				776			776
					425,	579	(207,399)	21,347	239,527
Restricted	funds
Muriel Fildes' fund						90
Endowment	funds
Endowment	fund							148,975	148,975
TOTAL FUNDS					425,669		fZQ7,399)	170,322	388,592

										Net
										movement	At
									At 1.1.19	in funds	31.12.19
									E	E	E
Unrestricted		funds
Unrestricted		Almshouse			fund				542,123	150,626	692,749
Designated		Extraordinary			repair fund				103,149	18,812	121,961
Designated		Eleemosynary			fund				32,039	11,071	43,110
Designated		William	Srydges			fund			3,801	(119)	3,682
Designated		Apprenticing			and	Educational
fund									7,538	2,450	9,988
Designated		Herbert	Gelder fund						187	6	193
									688,837	182,846	871,683
Restricted	funds
Fixed Asset		Almshouse		fund					480,932		480,932
Muriel Fildes' fund									4,414	88	4,502
									485,346	88	485,434
Endowment		funds
Endowment		fund							4,094,631	412,922	4,507,553
TOTAL FUNDS									5,268,814	595,856	5,864,670
Comparative		net movement				in funds,	included	in the above are as follows:
								Incoming	Resources	Gains and	Movement
								resources	expended	losses	in funds
									E	E	E
Unrestricted		funds
Unrestricted		Almshouse			fund			383,698	(283,622)	50,550	150,626
Designated		Extraordinary			repair fund			(1)		18,813	18,812
Designated		Eleemosynary			fund			20,229	(9,158)		11,071
Designated		William	Brydges			fund		201	(320)		(119)
Designated		Apprenticing			and	Educational
fund Designated		Herbert	Gelder fund					2,531 789	(794) ~783)	713	2,450 6
								407,447	(294,677)	70,076	182,846
Restricted	funds
Muriel Fildes' fund											88
Endowment		funds
Endowment		fund								412,922	412,922
TOTAL FUNDS								407,535	~294,877)	482,998	595,856

										Extraordinar	Extraordinar
	- -	-	-	- - - - - - Almshouses			-	- - -	- - - - -	y	repairs	-	-	-	Eleemosynary		---
	Unrestricted				Restricted			Endowment		Designated		Designated				Endowment
				E		E			E		E				E		E
Tangible fixed
assets					480,932				671,758							642,275
Fixed asset
investments								2,412,015			118,081
Investment
properties									825,000
Current asset
investments		382,726
Net current assets		538,495												52,435
		921,221			480,932			3,908,773			118,081			52,435		642,275
								5,310,926			118,081					694,710
									Apprenticing		and
	- -	-	William		Brydges	---			Educational			-	- -		Herbert	Gelder	---
	Designated				Endowment			Designated		Endowment		Designated				Endowment
				E		E			E		E				E		E
Tangible fixed
assets
Fixed asset
investments						4,995					75,604						24,920
Investment
properties
Current asset
investments									5,004
Net current assets				3,841					7,265						969
				3,841		4,995			12,269		75,604				969		24,920
						8,797					87,873						25,889

	Muriel Fildes'	Total
	Restricted	31.12.20
	E	E
Tangible fixed
assets		1,152,690
Fixed asset
investments		3,159,771
Investment
properties		825,000
Current asset
investments		505,811
Net current assets	4,592	607,598