LADY HERBERT'S HOMES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

LADY HERBERT'S HOMES
INDEX TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
Pa
Legal and Administrative Information
1to2
TrUSt￿S Report
3to4
Trust&s Responsibilities
Report of the Auditors
5t07
Statement of Financial ActiV51ies
Balance Sheet
Notes lo the Accounts
10t016

LADY HERBERT'S HOMES
LEGAL AND ADMINISTFIATIVE INFORMATION
TRUSTEES:
10 Co￿ptatiVe appointed under clause 3 of the scheme of 2 March 1983
Retirement date
D.J. Evans F.C.A. (Chainnan)
Dr. R. Davies (WI￿ Chaimian)
M.J. Harris M.B.E., J.P., M.A.
R.G. Smith F.R.l.C.S.
E.J. Curtis F.C.l.B.
D. Mason
T. Proctor 8.Sc.
Mrs. V. Kershaw
Mrs. J. McNaney
S. Sharpe
24 June 2025
28 February 2026
30 November 2027
21 August 2024
20 May 2026
24 August 2028
28 April 2028
24 October 2026
29 October 2027
30 October 2025
9 Nominative appointed by the City Council of Coventy undor clause 4
Councillor M. Lapsa
Councillor Mrs. C. Miks
Councillor R. Lakha
Councillor J. Clifford
Councillor T. Jandu
16 May 2024
16 May 2024
16 May 2024
16 May 2024
16 May 2024
Currently 4 vacancies remain
1 Nomlnatlve appolnted by the Freemen's Charlty under clause 4
Currently 1 vacancy remains
Page 1

LADY HERBERT'S HOMES
LEGAL AND ADMINISTRATIVE INFORMATION Iconvd)
CLERK TO THE TRUSTEES
Mrs. S.A. Hanrahan
PRINCIPAL OFFICE
General Charities Office. Okl Bablake, Hill Str￿t
Coventry, CV14AN
SOLICITORS
Mander Hadley & Co.
1 The Quadrant, Coventry, CV12DW
SURVEYORS
Lovertts, 29 Warwick Row, Coventry, CV1 1 DY
AUDITORS
Daffems LLP, Chartered Accountants, Statutory Auditors
One Eastwoc*J, Harry Weston Road, Binley Business Park, Coventy, CV3 2UB
INVESTMEKf BROKERS
Quilter Cheviot, Provinaal House, 37 New Walk, LeI￿Ster, LE16TU
REGISTRATION NUMBER
232066
Page 2

LADY HERBERTE HOMES
REPORT OF THE TRUSTEES
for the year ended 31 December 2023
The Trustees Fyesent their report al¢)ng wrth the financial statements of the charity for the year ended 31
DeCeM￿r 2023. The Trustees have adopted the provisions of Statement of Recommended Practice (SORP)
"Accounting and Reporting by Charities" {FRS 102) in preparing the annual report and financial statements of
the charity.
The financial statements have been prepared in accordance with the accounting pdicies set out in notes to the
accounts and comply with the charity's governing d￿uMent. the Charities Act 2011 and Accounting and
Reporting by CharÈties'. Statement of Recommended Practsce applicable to chartties preparing their accounts in
accordance with the Financial Repx)rtirvJ Standard applicable in the UK and Republic of Ireland published in
October 2019.
Structure, governance and management
The Charity is an unincorporated charity, constiluted under trust deeds dated 25 January 1938 and 18 March
1938 and a Sctteme of the Charity Commissioners dated 30 January 1970 and is a registered charity, number
232066. The Charrty is administered by The General Charity, Coventry. The Trustees who served dunng the
year and since the year end are set out on page 1. Trustes are appointed by the board of Trustees or nominated
by Coventry City Council or the Freemen's Charity and serve for erther four or five years after which period they
may put themselves forward for re-appointment. The Trustees meet quarterly to consider any applications in
respect of almshouse vacancies.
New Trustees are invited to attend Ihe Clerk's office where they will be provided with a brief outline of the main
activities of the Charity.
Rlsk management
The Trustees have considered the major risks to which the Charity is exposed and have reviewed those risks
and established systems and procedures to manage them.
Objectives and activlties
The object and activity of the Charity is the provision of accommodation for the elderly at subsidised rents.
The Trustees confirm they have referred to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.
Achievements and perfomiance
The Cottages have been available to let during the year.
The rents are kept at a modest level )Mth increases solely to cover inflation. the weekly increase for all eight
cottages being £20 for the year.
Financial review
Total incoming resources for the year amounted to £55,480 (2022. £56.2381 including rents of £46,488
{2022. £37,402).
Total resources expended were £36,073 (2022.. £37,509) of which £32,027 (2022.. £32,982) related to the
running costs of the residences.
The net income for the year amounted to £19,407 (2022" £18, 729). before gains and losses on investments.
After investment gains of £14,160 (2022" losses of £18,736) the net increase in funds was £33,56712022:
decrease £7)
Page 3

LADY HERBERT'S HOMES
REPORT OF THE TRUSTEES (CONTINUED)
for the year ended 31 December 2023
Investment policy and perfomiance
The investment strategy is set by the Trustees on an annual basis and takes &count of demands for funds. The
Trustees consider the income requirements, the risk profile and investment managers, view of the market
prospects in the medium term. This strategy is set within an overall policy which states that the endowment fund
should be invested in low to medium risk investments wth a view to ensuring that capital appreciation of the fund
exceeds inflation each year.
The return on the Charity's investments was 7.10/0 on the endowment fund and 8.40￿ on the accumulated income
fund. This compares to the MSCI UK Index movement of 7.70/0.
R8serves policy
The Charity maintains two separate deS￿nated funds, namely the Extraordinary Repair and Cyclical
Maintenance funds whose purpose is to avoid widely fluctuating expenditure on maintenance, improvement and
extraordinary repairs from year to year. At 31 D￿rnber 2023 these funds totalled £29,283.
It is the policy of the Charity to maintain the xcumulated income fund at a level sufficient to cover at least one
year's expenditure. The available reserves now stand at £197,633 (note 13>.
Plans for the future
The Trustees intend to continue to adhe￿ to the bequest of Lady Herbert to yovide low cost accommodation
for elderly ladies.
Trustees responsibilities In relation to the financial Statements
The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with
applicable I￿ and Unrted Kingdom Accounting Standards (Unrted Kingdom Generally Accepted Accounting
Practice).
The law applicable to charrties in England & Wales requires the Trustees to prepare financial statements for each
financial year which give a true and fair vieN of the state of affairs of the charity and of the incoming resour￿8
and application of resources of the charrty for that penod. In preparing these financial statements, the Trustees
are required to..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP 2019 {FRS1021;
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounts.ng standards have been followed. subject to any material departures
disclosed and explained in the financial statements.,
prepare the financial statements on the going concem basis unless rt is inappropriate to presume that
the charity will continue in Operat￿n.
The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time
the financial position of the charity and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 3￿ August 2024 and signed on their behalf by:
iJJu
D.J. Evans F.C.A
Page 4

LADY HERBERT'S HOMES
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES
OF LADY HERBERTS HOMES
Opinion
We have audited the financial statements of Lady Herbert's Homes {the 'charity') for the year ended 31
December 2023 which comprise the Statement of Financial Activities, Balance Sheet and notes to the financial
ststements, including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standarols, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted A￿OUnting Practice)
In our opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 December 2023, and of its incoming
resources and application of resources. for the year then ended"
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UK} IISAS (UKI) and
applicable law. Our responsibilities under those standards are further described in theAuditor's responsibilities
for the audit of the financial statements section of our report. We are independent of the charity in accordance
with the ethical requirements that are relevant to our audit of the fi'nancial statements in the UK, including the
FRC'S Ethical siandard. and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit v4idence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of
accounting in Ihe preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability tc continue as a
going concern for a period of at least twelve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of Ihis report.
other inforniation
The other information comprises the InfO￿natIon included in the trustees, annual report. other than the financia
statements and our auditorfs report thereon. The trust*s are responsible for the other information contained
within the annual report_ Our opinion on the financial statements doe5 not cover the other information and,
except to the extent othemise explicitly stated in our report. we do not express any form of assurance
conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge oblained in the course of the audit or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent materia
mi5Statements, we are required to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have performed. we conclude that there is a material
misstatement of this other infornatson. we are required to report that fact.
Page 5

LADY HERBERT'S HOMES
REPORT OF THE INDEPENDEKf AUDITORS TO THE TRUSTEES
OF LADY HERBERTS HOMES
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if. in our opinion..
the information given in the financial statements is inconsistent in any material respect with the trustees,
report", or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records" or
we have not received all the infonnation and explanations we require for our audrt.
Responsibllities of trustees
As explained more fully in the trustees, responsibilities statement set out on page 4, the trustees are
responsible for the preparation of financial statements which give a true and fair view, and for such internal
control as the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial Statements, the trustees are responsible for assessing the charity's ability to continue
as a going concem, disclosing, as applicable. matters related to going concem and using the going concern
basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no
realistic alternative but to do so.
Auditorfs responslbllltles for the audit of the financlal statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our
opinion. Reasonable assuran￿ is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non<ornpliance with laws and regulations. We design prccedures
in line with our responsibilities, outlined above,, to detect matenal misstatements in respect of irregularities,
including fraud. The specific pr￿edureS for this engagement arKI the extent to which these are capable of
detecting irregularities. including fraud is detailed telow.
Enquiry of management, those charged with governance around actual and potential litigation and claims,.
Enquiry of entity staff in compliance functions to identify any instances of non<0mplian￿ with laws and
regulations.,
Reviewing minutes of meetings of those charged with governance;
Reviewng financial statement disclosures and testing to supp)rting documentation to assess compliance
with applicable laws and regulations.
Performing audit work over the risk of management oveffide of controls, Including testing of journal entries
and olher adjustments for appropriateness. evaluating the business rationale of significant transactions
outside the normal course of business and reviewing accounting estimates for bias.
Page 6

LADY HERBERT'S HOMES
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES
OF LADY HERBERTS HOMES
Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This nsk
increases the more that Complian￿ with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves
intentional Goncealment, forgery, collusion, omiSs￿n or misrepresentation
As part of an audit in accofdance wth ISAS (UK), we exercise professional judgment and mairitain professional
scepticism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, design and perform audit procedures resp)nsive to those risks, and obtain audit evidence that is
sufficient and appfopriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud Is higherthan for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions. misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures Ihat
are appropriate in the circurnstan￿s, but not for the purpose of expressing an opinion on the effectiveness
of the charity's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates
and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based
on the audit evidence obtained, whether a material Un￿rtaintY exists related lo events or conditions that
may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a
material uncertainty exists, we are required to draw attention in our auditor's report to the related
disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained up to the date of our auditor's report. However,
future events or conditions may cause the charity to cease to continue as a going concem.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events in
manner that achieves fair presentation.
We communicate with those charged with govemance regarding, among other mallers, the planned scope
and timing of the audit and significant audit findings, including any significant deficiencies in internal control
that we identify during our audit.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our aLKlit work has been undertaken so that we might state to the
charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose.
To the fullest exlent permitted by law, we do not ac￿pt or assume responsibility to anyone other than the
charity and the charity's trustees as a body. for our audit work. for this report, or for the opinions we have
formed.
Dafferns LLP
Chartered Accountants
Statutory Auditors
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB
Dated: 30th August 2024
Dafferns LLP is eligible to act as an audrtor in terms of Section 1212 of the Companies Act 2006.

LADY HERBERT'S HOMES
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2023
Unrestricted
A¢xumulated Desgnated Endcwment Total
income
funds
funds
2023
Total
2022
Notes
INCOME FROM:
Charitable Activities
Rents
46.488
46,488
37,402
Investments
I nvestment Income
8,992
8,992
8,815
Other income
Donation from General Chanties
10,021
Total incoming resources
55,480
55,480
56.238
EXPENDITURE ON:
Charitable Actlvities
Accommodation cosls
Governance costs
32,027
4,046
32,027
4,046
32,982
4,527
Total resource8 expended
36,073
36,073
37,509
Net incomel (expenditure) before
Investment gainsl (losses)
19.407
19,407
18,729
Net Gain8llLossesl on investment assets
5,660
8.500
14,160 (18,736)
Net incomel(expenditure) being
Net movement in funds
25,067
8.500
33,567
(7)
Reconciliation of funds:
Total funds brought forward
172,566
29,283
320,678
522,527 522,534
Total funds carried foward
11 & 13 197,633
29,283
329,178
556,094 522,527
Thp. nntp_q on Daaes 10 to 16 form part of these financial statements

LADY HERBERT'S HOMES
BALANCE SHEEr
31 December 2023
2023
2022
Notes
FIXED ASSETS
Tangible assets
205,775
205,775
Investments
290,795
284,167
Total fixed assets
496, 570
489,942
CURRENT ASSETS
Debtors
2,433
2,858
Cash at bank
61,596
33,764
Total current assets
64,029
36,622
CREDITORS.. Amounts falling due
within one year
10
(4,505)
(4,037)
NET CURRENT ASSETS
59,524
32,585
NET ASSETS
556,094
522,527
THE FUNDS OF THE CHARITY
Permanent endowment funds
329,178
320,678
Unrestricted income funds
11
226,916
201,849
TOTAL FUNDS
556,094
522.527
Approved by the board of Trustees on 3trh August 2024 and signed on its behalf by
D.J. Evans- C
AN
Dr. R. Davies - VIC
HAIRMAN
The notes on pages 10 to 16 fomi part of these financial statements
Page 9

LADY HERBERT'S HOMES
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
ACCOUNTING POLICIES
a) General infomiation and basis of preparation
Lady Herbert's Homes is an unincorporated charity registered in England. The address of the registered office
is given in the charity infomiation on page 1 of these financial statements. The nature of the charity's
operations and principal activities is to provide accommodation for the elderly at subsidised rents.
The charity constitutes a public benefit entity as defi'ned by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporb'ng by Charities.. Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted
Accounting Practice.
The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities
(Accounts and Reports) Regulations 2008 only to the exient required to provide a 'true and fair view,. This
departure has involved following the Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021 issued on 16 July 2014 rather than the Accounting
and Reporting by Charities. Statement of Recommended Practice effective from 1 April 2005 which has since
been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified
to include certain items at fair value. The financial statements are presented in sterling which is the functional
currency of the charity, and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless othe￿iSe stated.
b) Fund accounting
Details of the nature and purpose of e￿h fund are set out in note 12.
c) Income recognitlon policies
All incoming resour￿$ are included in the Staiement of Financial Activities when the charity is legally entitled to
the income and the amount can be measured reliably and il is probable that the income will ￿ rettived. I nterest
and dividends are fulty accrued at the balan￿ sheet date.
dl Expenditure recognition and irrecoverable VAT
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to
make payment5 to third parties, it is probable, that the settlement wll be required and the amount of the
obligation can be measured reliably. It is categorised under the following headings..
Costs of raising funds includes investment management costs,.
Expenditure on charitable aclivities includes the costs of maintaining the residences and a
proportion of support costs in furtherance of the charitable objectives,. and
Other expenditure represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expen￿ against activity for which expenditure arose.
Page 10

LADY HERBERT'S HOMES
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
ACCOUNTING POLICIES (CONTINUED)
el Allocation of sUPPOrt costs
These comprise staff and office costs provided by The General Charty. The majorty of Ihese costs support the
almshouse activity and are so allocated. A small proportion of support costs Is all￿ated to governance costs.
The allccation of support costs is mJJe on an estimae of staff time spent on the two activities.
Govemance costs
Governance costs comprise all costs involving public accountability of the charity rts Complian￿ with
regulation and good practice. These costs include costs related lo ststutory audit and legal fees together with
an all￿atiOn of support costs.
g) Tangible fixed assets and depreciation
The land and buildings set out in note 6 are inclLKled at cost and valuation. The Trustees have not accounted
for depreciation on the freehold property because the depreciation charge and a¢xumulated depreciation are
immaterial and there is a pjlicy arxfj practice of regular MaIntena￿e and repair of the property.
h) Fixed asset investments
Quoted investments are included at market value. being fair value, at the balance sheet date. All gains and
losses, b)th realised and unrealised, are taken to the Statement of Financial Activities as they arise.
i) DelJtor8 and creditors rec•Nable I payable within one year
Debtors and creditors with no state(J interest rate and receivable or payable within one year are recorded at
transaction price Any losses arising from impairment are recognised in expenditure.
i)
Golng Conc•m
The financial statements have been p￿pared on a going concern basis as the Trustees believe that no material
uncertainties exist. The Trustees have considered the level of funds held and the expected level of income
and expenditure for 12 months from authorising these financial statements. The budgeted income and
expenditure is sufficient with the level of reserves for the charity to be able to conlinue as a going concern.
INVESTMENT INCOME
202
202
Dividends
8,992
8,815
Investment income relates solely to Unrestricted Income fund in the current and preceding year.
Page 11

LADY HERBERT'S HOMES
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
ACCOMMODATION COSTS
2023
2022
Repairs and maintenance
Rates and water charges
Insurance
Light and heat
Support costs - The General Charity, Coventry
TV Licences
9,942
1,792
1.111
15,342
3,825
14,513
1.605
1,285
11.731
3,825
23
32.027
32,982
Accommodation costs relates solely to Unrestricted Income fund in the current and preceding year.
GOVERNANCE COSTS
02
2022
Subscriptions
Audit
Accountancy
SupFOrt costs - The General Charity, Coventry
365
2,006
1,000
675
258
2,5g4
1,000
675
4,046
4,527
SupFQrt costs are apportioned on the basis of staff time.
Governan￿ costs relates solely to Unrestricted Income fund in the current and preceding year.
TRUSTEE'S REMUNERATION
No Trustee or person with family or business conn&tions with the Trustees re￿iVed any remuneration or
expenses during the year (2022: £nil).
TANGIBLE FIXED ASSETS
Land and buildings at Chauntry Place. Coventry known as Lady Herbert's Homes.
At cost and valuab'on 1 January 2023 and 31 De￿rnber 2023
205,775
The land and buildings were valued on 21 August 2001 by Mess[5. Loveitts, Chartered Surveyors,
Coventry, on an open market value basis.
The Trustees do not consider there is any material dTfferen￿ bet¥*en the rna￿et value and carrying value
of the propety due to its situation, nature armj covenants.
Page 12

LADY HERBERT'S HOMES
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
FIXED ASSEf INVESTMENTS
Quoted
investments
Market value at 1 January 2023
Additions
Disposals
Change in market value
284,167
33,813
(41,345)
14.160
Market value at 31 December 2023
290,795
Quoted investments at market value comprise.
2023
2022
British Government securities
Other UK fixed interest
Overseas fixed interest
Global Equities
Unit trusts
Equity Investment Instruments
Other assets
10,325
10,624
18,833
81,759
148,142
16,841
4,271
10,302
12,291
15,939
84,708
137,836
14,670
8,421
290,795
284,167
Included in the above are the follcwng representing more than 50/0 of the portfolio'.-
Market
HSBC ETFS S&P UCITS ETF
Artemis Global Income Inc
20,163
15,132
DEBTORS
2023
2022
Rents
Prepayments and accrued income
300
2.133
980
1,878
2,433
2,858
Page 13

LADY HERBERT'S HOMES
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
CASH AT BANK
2023
2022
Current account
Quilter Cheviot
31,388
30,208
15,527
18,237
61,596
33,764
10. CREDITORS. Amounts fallirg due wthin one year
2023
2022
Rents
Accruals
785
3,720
473
3,564
4,505
4,037
UNRESTRICTED FUNDS
Analysis ol movements in unrestrlcted funds - current year
Balance at
1 January
2023
Gains
and
Losses
and
endrture
Balance at
31 December
Designatecl funds..
Extraordinary repair fund
Cyclical Maintenance fund
13,540
15,743
13,540
15,743
29,283
29,283
Accumulated income
172,566
61,140
(36,073>
197,633
201,849
61,140
(36,073>
226,916
Analysls of movements in unrestricted funds- previous year
Balance at
1 January
2022
Gains
and
income
Losses
and
enditure
Balance al
31 December
ex
Designated funds:
Extraordinary repair fund
Cyclical Maintenance fund
13,540
15,743
13,540
15,743
29.283
29,283
Accumulated income
159,054
56,238
(32,7051
172,566
188,237
56,238
(32.7051
201,849
Page 14

LADY HERBERT'S HOMES
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
12. FUNDS
The unfestr￿ted funds are those funds which the Trustees are fr￿ to use in accordance with the charitable
objects and comprise accumulated income and designated fund5.
The designaled repair and Maintenan￿ funds are maintained out of the income of the Charity in
accordance with Chanty ComMiss￿n Schemes. Their purpose is to avoid widely fluctuating expenditure
on maintenance, improvement and extraordinary repairs from year to year.
The endowment fund represents those assets which must be held Fermanently by the Charity. Income
arising on the endowment fund can be used in accordance with the objects of the Charity and is included
as unrestricted income. Any capital gains or losses arising on investments form part of the fund.
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Analysis of net assets between funds - current year
Inter-fund
debtors and
credito
Net
current
sse
Fixed
assets
Endowment fund
Accumulated fund
Designated funds
362,963
133,608
(65.173)
35,890
29,283
31,388
28,135
329.178
197,633
29,283
496,571
59,523
558, 094
Analysis of net a&8ets between funds - previous year
Inter-fund
debtors and
cr&Jito
Net
current
set
Fixed
assets
Total
Endowment fund
Accumulated fund
Designated funds
354.603
135,340
(49,452)
20,169
29,283
15,527
17,057
320,678
172,566
29,283
489,943
32.584
522,527
Page 15

LADY HERBERT'S HOMES
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
14. RELATED PARTY TRANSACTIONS
The Charity incurred administration charges of £4,500 (2022.. £4,500) from The General Charity, Coventry
during the year.
Creditors include £nil (2022.. £nil) due to The General Charity, Coventry at the year end.
15. OPERATING LEASE COMMITMENTS
Total future minimum lease receivables uTrJer non-cancellable operating lease are as follows..
2023
2022
Land and buildings:
Within one year
3,576
2,*7
The charity lets 8 almshouses to elderly ladies. as long as rents are received ané behaviour crrtena is
met the residents may ￿rna1n in the proFErty for the remainder of their lrfe, otherwise cottages can be
returned on one month's notice.
16. CONTROLLING PARTY
The Charity was under the control of its tM)ard of Trustees throughout the current and pr￿edIng year.
Page 16