REG15fERED CHARITY NUMBER.. 703056
Report of the Trustees and
Financi31 Statements for the Year Ended
31 December 2023
Hereford Mapp3 Mundi Trust

Hereford Mappa Mundi Trust
Coi)tents of the Financial Statements
for the Year Ei)ded 31 December 2023
Page
Reiiort of the Trustees
Ito4
Report of the Indepviideiit Auditors
5t06
Stateiiieiit of Finaiicial Activities
Balance Sheet
Notes to the Financial StateJl)eilts
9t020

Hereford Mapp3 Mundi Trust
Report of the Trustees for the Year Ended 31 December 2023
Th- I", Li<ie-s p-es.-1t 14orr repo.-t ..￿..t￿. r4e fi11311Clci
l .taifT.e'"
e end?e 31 Dpcpwh.
rri.'s-.ec< liaiye auop Led Ihe provisions o. AccoiJnLing and Rc,')Jr.-:n* bv Ch<ifi lie<
SL31pme5)l Df R
mw-ndeu. P-.?r Lice
LO c43ritieJ Jrtsparin
14e¥r accoiri-.I ciC=OrThanc
"'th Ir,<s SinJr=131 Rc"?orrir- St,Ind3rd Jl'.c3blo ' Il thA U
Jn;: Repurlir. of Ire13Dd IF?S 1021 ISecon¢. fdiri-. n. atT=CLiI'e L JaniJ2ri ?n19
OBJECTIVES AND ACTIVITIES
Objectives 3nd 31mS
Thc oh'ei LS of tl.. TrJsL are..
Th￿ Dr"ese-￿aii0n -or rhe b=nefii nf
r'es and Ihe. Mundi.
TT)e provision n.
iiids tO;-I2rd< ;he cgs, o. er<Thc+ip.t. 2 builliD.
-ouce a-..d di<plau èhe HisLoric LI￿rarIeS 3p.d L7e MaDiiC
,le ou. ?1 ose5 to vJSic-:i Ilie -3PitDIE-,
he -h.oPLcr o-.
Hprttlor-. caihedi.pl ,Irp applicabl:
CHIEVEMENTS AND PERFORMANCE
ji*crM3sed
30.59A I=
j LLJ. 108 ;'20£L". 13K'e decreased
?-, ?/L [0 Aft:-.01iJi. KJ 82-.
3fill=t Je cotni
-4p increAsKJ |
8C._J i J.: b=. t-.
d.p.duc',Ine -l[ 1n￿eEt￿p.n* rpL7Y3g-m&i)':
.• j 7 ;2022". F
i08 hll t'_-
E.'n.JRSLi
arts D.eld 'D -.
id to Ch.
0-￿r Inr_,"e25ed rp Cl1 7 7iri ￿1 j."
',2n}22.. -211,.611
The per',-rwi3n,-e c.f -_IIc" 3s<#-4 r.i--.i-.ei n-
2L'311341o fulds are ¥-35cL,52tee4 on ¢ LOt)I r￿tijrD b.-
IncoTF ';or
ch t,,,. Tr""sr c)D.
L?J.984
IP.te-,r.eii t or Fip.3fiC.'313=
curJliJ¢ j Dre Toiwern-.
L .' niirJ<twe'."
131 Dos.,,
-, e'50I"rfi*g l-.nanrial st?reT=p.ts.
p,-qpi" LO
..vIIcil p iL,0.045 v.'.IE i or r￿DIrl￿-
r. C)-:Io?Uifs.731ai-i-.s.
he" Kpoar i.J-3lled -il i. 1 18 ,'2022.. r i id.660
Ilcjp.
L IL.) 2QL ip,.'as ftJr l j4L -
l-oryl ihe i Oy'-:I".
.LL-q EfLinL ?1
rés r
vètior. & 50-
I i.,11 list ol ;he
och
pr arn Ir)
In-.e * to Lhe ac=OJryLS_
"n £-r.'ve LO -ontli1Je ta maximise r￿LL,[1( on inKco{flE-
iri oroer LQ fL,If il irs COTI ,mi'. T,Qi':t:
rlNANCIAL REVIEW
lii'estmen*s
Tk
-ce rammi-t-e TIDllltors perforia 121iCP "egulir
b2s's. A 'tota',
Dolici. on [nir￿tilr.￿ntS h3< èe-n ado?LTrKxA C3zefjc'.J
ts1tr21 Ysnaser5enL r.pniinLie LO 3rt 3£
Jd'wi JO-, q i,'Id ou2rt=rly diS1-Ibuiiopp j to-2llin-
.Ib" ha'.Je Seor maoc" LO
'he veal" ig,3i£".
I r-'ii"rii'.Ition5 being =alculatrn:
on,
aVera￿e of the Pie'iiou< yC<lr-
Jurne.
Res￿rveS uolicv
3r.nu35 4?sp<
'.5 -0 aiEt--?ii-
ierms OT c*e Lfusi (ieLd_ Ir',oTr A.-
fo- <oe=jilC proje=
'￿..￿ tntil :-tuff, Dal..W￿l=S IC The Ci3Dtei' os Her<;'OVG fkna[*,-Ir,-I I',I
ice5 J* -he b-IBIiC- 5hnet riate leakniT)'-

Hereford Mappa Muiidi Trust
Repiort of the Trustees for the Year Ended 31 December 2023
Reserves policy Icontiftuedl
As at 31 Dc'cci)Iber 2U23 tlie Trust Fiiid £619,88112ui2. £713.5281 of uni"iS(ricted fui)ds. of tl)is £1 1.43212022.. 111.4."4?1
MLIPPJ Muridi Lxhikiilion. The io-llTr£lll)Iiig &608.449 12022.. £702.096j 15 Illteiided to cover ai)nual trxpeiiditLJre aiid fol"
FLinds
Tho ?iiilow111riit fLinds Ji e tsubject to specifii trustc
Rgstl IClLd luiids are funds subject to si)ecific usage decl(Jred by doiiors.
Urii L)Ii iitrpd fLJiids are e'xpc'i)dable Jt tlip discretion ol tl)e tru5rc.cs in further311ce of tlie olJj?cls of the Ch.Irity.
L)iJi'ii iu 2017 the Ti"uSteLS aEI eed that uiii.estr iclLd c(Jsh surpluses tlldt liad aicumulated over the yoars iri the cui"reiit
LILCOLllIt Y￿(jUld be trdiislel I rcl to J %epJr3te investl)Iri)t fui)d kvlth Cazciiove callecl tho"Herelvi-¢ Md JJa Mui)cli Freè FLlnd"
This fuiid liiii-i Oi S tlie Tr1151'5 Other iiivesliiieiit funds and is d seoaidre uni-é5tricied fLincl 21)d ig 3150 be i-liii 011 d 4 / totfil
L'.tLiI-ii bisis. Dui-liig 2017 thL. TrLJSl¥eS 11-aii￿ll{ l id F?.UU.OuO of tslii esll ILILd ia%li 10 the "Fi LL l-uiid" At 31st Dcciii IbLr
202o? Ilie VcilLie ol the Uiii estl ILtE:d 'FI"¥e Fuiid. held ai Cciz¢iioves wis 1205.906 l£gOO.840 at 3 1 Deceiiibpr 20221.
Tlic. ti'llslees dc'sigliated sufficiL)Ilt Iiioiiies to CO'¥Lr the costs that i-veie anticiydled to be incuri'ed in £vSpei-i ol Ilie
a,, cl Idiological iii)plii.atioiis ol the 01-Jgi.",dl eslablislinient ol Ilie IViapp<i Mundi exhibition. This t).7gecl oli Il)e, Ir115tees
e.itil)Idl¥ of tlic. cost%. Jccoiding 10 3dvice I'eceived. By ?1 Decejiiber 2023 the outstaiidiiig finaiici31 liability ol tlic
ILIL.vIObY Vl i)ject was tsÉiii)<Jted to be £1 1.42212022.. £11 k1321_
Public beiiefit
li., cli dltii i& tliis reptirt. the tl LStLLS have romplied with the duly In Sectiuri 17 ot the Ch.2fities Act 20 i l. to havc. dut [L.¥￿[d
t() l)Lll)lic bii)Llit £uidaiice published by tlie Charity CoiTrliiiis51011.
Future plaiis
f&i-liiooiniii£ year. the Ti-LJ5t will Coi Itiniie tn support thL' Lil)Idi y afTr.d Archive %tall salill-ies togelhei with i?roviding
I d,'.'tf fo)r fiiJe( ific projeLts uiidt'.ridKeii l)¥, Ilie C_.Ithe.d:.al. In 2u24 tlie M3pi)3 Mundi I i u£t 15 5upI)ortiiip tIIL Chdlltei- ol
Ai.'i-i(Oi Ll Qfillipcli-.Il ivilki tlii iuiidiiig nc'edf_-d tu seplace ihc- fil-e alill 11) SS15teiii. wliich wis Oi Igiiiall5J 11lslallL'd dui-liig thc.
Cvi IStI Lictioii of tliL, librdl y 311d Imappcl bijilding.
Tlie Ti Ll%t Coiitiiiues to closL,ly Inoriiloi- (l)c' v3lue uf ILS ifiVeStITrlLSlts and the c'i)clowiiiLlIt fuiid. Pat ticulafly as thcsc. wc'i e
"IiiIIc31Itly IlTIv￿3(.1e.1& in 2022 beciiisl,. nf Il)e Ru%£idii iiiv3510n of UkrJii IL. At 31,: Marcli 2024 the toi.Il v3liJe ol investi I iei',ts
FIL Id willi C,Izi"'iioves WdS F_5.380.707 ai) IlTIPl"Qvi'tl-IC-iir ul £152:759 Siiice tlie year p.nd.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
I he clir3riiy is coiiti ollcd by 115 govei i)11)g documei)t. .7 deed of tJ-U5t_ It Conslitutes ai) unincorporatL'd iliarity ivilh 3 501e
Coi Pui ile I"riJEtee as explJiiiL.d in n)iJre det<Tril on the following PL4gc.
The I i u5t'S OOVC-I Iliiie docLID)ent is tl)L, Ti-ust DeÈd dated 21 NA.as, 1990. The Trusl is i egistei.id vrfitli tl7e Charily Cofllllll55ion
IC1131 ity Nunibcr 7U30)61.
RecruitfTient and appointment of new trustees
Putei Ili<il ti-u£toes al-e cai tfully selr.'cted Iruin ppuple vJl)v have a kei'ti intel Ist ir) the 3Ctivities ol the charity.
Induction and training ol iiew trustees
Altrf 31iyoiiiliiieiit all new ti tsytecg fill in relev.iiit foi iiis foi- tl)e Charity Coiiimission and Coii)p3111es House.

Hereford M3ppa Mundi Trust
Report of the Trustees for the Year Ended 31 December 2023
Risk M3natrement
hc -.r,':S LC?s h,31we Jssessed the risks laced bi, the T-. ijst ane r?llSlL4r&r th3t Ipbts", meiir Thi anaoement 3nd oc.rfprir31I:C DO<C
clt_st are3 r,f -iSk. To wi:. ic3".
his -IsK.
invpsiTi
-GmTi ittee chai-,
bv Rich<l,.d Jori3iI131i
LJkc pSJce .Ind T'eoo".
s arid rpcoTmend-
ns ?r#J ryade tG :h- t-kns",-e5. Thp BPPQilitrp.ent O I lYV￿5 Lmen". ?di/iiors '$
-r er -educee..
oi- :le5 LfLICilOli of ¥lie hi<roric collertions i
relciJ,i-t exJ#c-t and 3ppropri2tp insul afice =G'.J-
is 'n Jla¥-
Ye T-._rf.e! 4*ave l?.keri 3dvice on secij,, i":V I
Settlor
TF-> Lni"rJ 5";shoo of Heie-.o-d iathedr¢l 3nd T",
ch￿￿'Ler o,: 1￿c. C-"h*d.-21 Churc4 01
"he Blecs_d Xlji':in Mary 37e,
-, U5t Fund
'.st ron51SLed o.
2? Ja-.,u3rk'
ic. .-2sh The Hi) ir)ri,- LiLJi ai-iei 3p.d Li ie IMètrDa N4'.2DGi K'QF", P 3Hded deecl =r -Ilr
End0￿.Ment Fund
.311Lark' ltio":
..NAc.mo,-131 Fuiid. ShoLJld ',h£r&. ￿3[lU-.
aLion,il F+-ritrig-- Vi-iio".j31 fu-.
t4e,- i'iili. 3cr-ued i,-.,_
. das made hv the Kitional Heritatye
-. he-. -. he enGOlvmpn! Tunc gijt rio* ihe 3ccriJed in.tp"=st must
Building FiJnd
d Jriiia.'e gon3tlOTI e.,
JLIOI-CI
cifie.ti -#-. ris and ¥O-.
ions. UiiKJer
me. t4e iticn "13¢ >Uk-.plpTeDL-
d )". r2?7 332 .nCCTP -.3x r-COLl￿r
Pi iti, iJ%od t is donGtIOli :C Oknl Il
t1= Cons ifiJi.I 10.- ol "le Niapua V.-Ll boi B-..'ilGin
.-relord f2rl=orpl_
REfERENCE AND ADMINISTRATIVE DETAILS
15tered Ch3ritv number
PrinciDal 3ddre5S
,-e-pi
PatrotT
Canoi FnvJ2re 4)-. le,, Ll OBE
rusteeE
he HprerD.-d IVp.=.pi M.Iiiidi Trus- i ICTS J SOIE c-fDcra:c IrJi >L=t. TPye .' e.-Icr4 N,:aopa iindi Tru51ce Corr,p3nv Ll"ll'ier'
11 ca to 'rLlS'eei
'r, this dLocurr,e*t rcfc-< t= tie Gi-:=
s:.-: comp3ny. T,.
irp.tors rjurir,
4Fnf'. LIP L.) Ihe 031e Oi itPg,"CV31 ei L f- .-pn2ncT-.
-.he VÈrv Rev4 Sara
I wayon lp.mes P3cei' IAboopf.teO I b"" June 2-
,W Ric hare, JacKson. Siqhokj nf *er=
Pp.-, Fr Bp.'"bDr
-pl VIci*elle 8roshJr IR-. si~ntr
a'sh i13V
riive 31 ;'C lairmai I,,
Si." HeiiTh, cOtLer￿lI
13nLi2rv iO-£'
C.-,lei l4.?ncelb"Oie

Hereford M.Ippa Muiidi Trust
Report of the Trustees lor the Year Ended 31 Decen)ber 2023
REFERENCE AND ADMINISTRATIVE DETAILS Icontinuedl
Secretary
Auditors
,]ile￿V￿O￿s LLP
Sl.avtri luii Coul t
GL51 OUX
8311kers
EJ 14i¥ti TO￿vi1
Hyl L.loi'd
HRI 2AE
CCLA Iiivesli Iiei)t MJn{Igpirieiit Ltd
Oi ie Ai I"L-
EC4R JAB
Investment Advisers
C.-ctyèi Inve CJi)It-)l Ma.-.3gen:ent
l LtJi Idol I W,Il I PlJcc'
C2V SAU
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The ri-uCtL*es are resiionsiblc for Pi t-odi'iiig the Rryolt ol rlie TrustL'es dE)d the fil idnci31 stdteiririiis 11) 3ccorddnce witli
JiJlii-(IlJle lavJ an(1 UFllted Kingdom AcriJuntii)g Stiiidard5 Iunitrcl Kingdom Gei)eiilly Acceptf..d Acrountirig Practllrl
Tlic lavw ,)opl ic3E)le to Llicirities iii Engliiid .IricI ￿VaIl￿. th.e Ch.Irities Act 2011. Chai ity IAcctsunls aiid Rcijarlsl Re£ulatli)IlS
i0ii8 aiid tlTro' i)ruvisir)ns {)[ tliL' tl-i1St died ILiiuirps thc. tru%tee5 to prc'paiL' liiTr(Incial sLdio'iJiLiits fur c',icrJ liii{111(.-ial yeai viliiLII
..VL cl true ,iiid f.iii- vieiv of tlie slrthlp ol 3ff,iir_% ol the chaiity Jiid ot the illCOiniSi(F resoui CL% 31Id 31)plicatlDlI ol rproLlI-CQ"
41'e i-rQUii-c.d tu
seleLt 5Llitcible 3Liuunting policies 31)d iheii api)ly thini COnSkStpntly-.
nbsi I VL tlie methocls riiid ?rinciolL5 111 tho Clidi Itie£ SORP-.
IllciKe ILiclbJeinif)ts aiid gytin-ia:es tl)<Jt 3rc- rea<oJ13blc' aiid pi-uclei It..
prep31-1., the lii)ariLial sLdlei))vi)ts on the Ooii Ig LiJiiCC-I i) bdsls uiilrss IL is inaFipJ upl'iite to pi e5￿[￿]L t113t tlie Llidfity
Tlie Iriigtc LS ai e rc'>poiisible lor ke£-Pii Ig propel 3ccoiintii-.'g i ecoids ivh4clI d-.sclosp ivith r tJsf)nable accuraiy at .Iiiy tiiii
Act 2ul l. the Charilv IAccuiJnls aiid Reyortsl Rep:.'larioiis 2uOR Iirid the Piovisi01is ol the ri.ust CL'ed. Tliey ai"e itlso
11-'4ii01is11)le loi- S<ilegdarLliiig Ihe iS>Lls ()f the cliariiy aiid hettc.p for takit)(T ie<lSOlI,.Ible stc-ps lor tlie prevpi)tIOll Jiid detif.tioi'i
Ap)pi
Vf.d by ol.der of the bodi (l ol Iruslees on 14- V..v 2024 aiid sigiied on irs belidlf by-.
TLIII)s11 I Cllvf L)L - On k)ehalr of The Herri ord P41.Jppa Mundi Trustee Coii)pJny Ltd

Report of the Independent Auditors to th.e Trustep5 of Hereford Mappa Mundi Trust
Opinion
-.si fo,- the ve2r efjo ￿d 2
December" iOLi
•Jh,cT rom'"rise tle £r3tLmpn- of firh¢i..
.-tiV'tIOj. rh.e h-l)ntte s'-"
cnd i)OLei t,,p. -in3-.ri.Il ￿[2;￿Me1)t% intli.'diiir
<Lirrm.1rv CJ,,
-.i21 re￿￿--lI)S Lh3t Yas been 3?plier 'n 14 -i,- prep3f¥3ri()n I":
3001ir31ile Id 3nd U iiiler K"'ngdorp P4.c:ountinc St-.nd31"ds. Ificludin- Financi31 R'eDortinfJ Siand2rd _02 Th= Finoncifj,
Rnportiyo f lonaord lJLiylicubip '.n tlip UK or£0 Republic o-: Ire19nd !UniLeJ
Kinodorn Generallki Accn
trcd Accoun￿ EniT Pr3Ciice i
In ou,",
.'315-2;v•ent-
""iie ? '. ru e and rJir iiiei o- th￿ Si3te o-, chJiitl' 5 affioirfE 2s 3-. Decemr)er zOL3 3nr. o-, I.
-,d- f?r the k'--;
pr?oerlv prey-
-rdaice i:;
rie1211i, ,ICCCPied Acrfjx UiYtin~ tTrr3CLicn" ,)n
-3ve Dee,- prpJored ip. arcorriaFpfo hA¢l:y4 th￿ resurre￿￿1.< O- Lye ￿h￿rI.. ies ￿.£[ 2C I l.
ch3ri,ii s ner Tovemeni
Basis for opinion
vl., l)3ve &eeii 3DDointpd 3S 3Lidito" urid=r sp=tion If L o- ;4L f.
..tI￿S Ac= 2n11
-.eDorr :.? accorL3-,
elei'-nt rettL,l J410#S rri¢de or h3l",Pb eflettt the-. ebnde.- b,:
coyriu.ctcc ?ur 3udiL ln 3crordan=e irt.:
',I<As :'IJKI', and aprylic.Ible lav..
',h05e £L311d2rds 1re li'i-the-, aeEK i-jJr.r,
AuJiior % rthgDon5ibili ies for the Judit ol Lhr I'.P,3p.fiJl -:?.LtsflOPt¢ se--joii n-, Jur roJo-t_ l..VE are rnqe-eiden:. o- tTr.o -.l-_.
"4at B."e relp..
. ?r..I :o ?ur eudii g* .hp 4inLfjnci31 s."ateTI .e-r5 ID the U K. inf.l￿d..fft.-
-.nce -i *liese -nnuirery.ciits
171 accor￿L-
-c 30prnpr12*ts tc ?rcvide 3 SG515 frnr •Jr v%pini=
ce with t4-. Ac- 31icI
4e FRC s E-. 4". -] S:3Ilddrd. and
We belieb'e i13t aitdir eviaence
Conclusions relating to .going concern
tye i ir.3r,ci31
..JF_
c. Jrep-:", J L'.or',
th￿ fi';3n.ciJl 5-:t￿rN￿rIlj -.¢ 3PJ-Pir)riate.
-ointt conknÈrn basis Oi accoi.'n L inu j
'ho i.'.Jo-, k ive
',ra Jtsr.-.rrieeJ 11,'p h-
-jr collec'ly￿I¥. miv (dit-. i-
iel..Ji mon"Ili% l..c.m ivhen ;h.=
te.-ial urii-
C, £l-1ty-'-5 obilTEI' LO COI ItiD.uti
"ised lor i<jlJ
's event£ oi"
'i?o con(￿ri) i or & Lll-:
3t Ip3St
Ciir osDn- s.,hiliiiof ,Iiid -.ie rÈ<DO*<l4￿jll1ie£ o
-41c reDpi-,
FhL t1-￿-L-
oe5r.r.'bpd ID I'elc'J-)i-,
Other infnrm3tion
-PP.i Arp I""SDO.-sible , or ": o-.her inform6tio-.
T4• c": iryfarpiotlf*n iGmFrisk-
-orTI 3iiCD iicILid-d -,n-4e
Tr'.'srees A-. -, iual FleDorr O nryinlpn oi the iiri
ncijl i"
Tpnis H=
-.he Dihp; in orT-i-'Jn ar..d. exLeJ,t ',
ted in o'.'r -tspori. V.IP noi eXpr￿sS è.nv -. orm oi asiUI"Jnce conclusiD- ". he1"eon.
Ir. con-.ec-':op. 4.*jitrn o raud-t
i)￿SIdt[ I'vhe;
"?'gfflr.nL-_ CU-
S-.OT*SI jjl Th '.5
Irl-, ofryr.LiOP,
.jLeri?Il" jnf21l> >Lep.-
r).-.ar- t? be T.2ieri)11.: r)""-s':-
'e are re4ui-eL t? c￿.￿￿71117￿ %vhoih.
ri31 w.i5-;3L￿￿Cr-.I of th-
rr,,tifrnfial TIS5idtem.-nL OI
',nforTPtion and. in,l=jr?-
",Anci¢l £taieineiit< or
cuci". rr4attsrial inc
L￿ere i< i mo [￿rial n'.sc;:
or 3nJ-.re-t m-:
-¢.ICIEII <t2 LeDicn;c o.-
-oricliJde t;__
,ing lo i-etirn-, r iri
1grrp.n
Jo hade
irp rpaiiired i
e￿Orl I,
Matters on whickTr bve are required to report by exceptior)
p. ￿es￿ert ol 'h_ tollGi*iiii - rr..?.:
ouire L f LO re-o-t Ec
In. oJr oDinittn_"
-IdeoLI,Itp,IccouYtin
rords h¥i/e riot hJ?en <epL vv L.
-eco.dE nGIIC'
ot h?.?I". or
rh4ri+rf fiiiayci-l <ti'ementE ar= p.pt ir, 22reÉwenL It.I-,
.de Ilot rpr.piveo 311
-D ITlirrw.atioTr. and =xplanatiQ.-S ip..0 r￿S."
In r￿l￿ri0￿ t-
,.ijc41 rhe fh3r!iies ',AccoiJT)to ?.nJ¢ ReDC.r-fi,
arity-. or
l 1 1.. 4 rc-coi'd-
". C . QT QU-, 2udii.
d re-urnt: oi"
Responsibilities 01
trustees for the financial statements
"LlS-fJCS
".eiJ3fc.i!OP. C-
'.tf le.d 'h- .-hev riyo
-_4e -ru5',epI ,4eiermine '¢ ntscerDlP.Tr to =n301e .-jts Drtsry?r3tio.- o¥ fiianci?l ¢l¢-erieniS tha; ar￿ frc
l7.'SiiJLfi I
l* preJJ.' ing -h e -117 3nci&l st3-_eYenL_
rurteeo arc
sinc t*1 e ch3riPKi f 3biliti' -_o coiit!nLie a> c xOIr,
4e c-iaritv or I
4ol.'e- nc reili.stic alti rDa-
lo do so.

Rek)orl of the Iiidepei)deiit Auditors to the Trustees of Here*ord Mappa Mundi Trust Icontinucdl
Auditor'5 responsibilities for the audit of the financial statements
Oiii obiPCtives al-e to obi.=4in i-e.lsoiThJblo Jssurai)ce libout whellier trie tinanci31 st.IteiiiC-Ilts J.£ a L'iliole are fi ce fi uiii 1113tei-ial
11)isst3teiiiriit, wlitll-ier due to f*-3￿d or eiiof. dfi(I 10 issue cl? duditor's rcport tliat includes oiir oo)iiiioii. Re.ASoiiable
35SIii Lti lie 15 a liigh level of 355ur311cc but is siot a gi.'ar3111ee t-*3t an aiidit coiiduited iii 2ccord3iice willi1SAs IUKI ￿1111 31bv3115
dLlèct cl 11)ateridl niisslall'iiient when li exi51S. frf,.-.ssliltei iiviits Cdli arise froin fi-3ud or ei iur aiid ai e con5idei-td Iiiaierial if.
Ite. they could reasoiiail ly be expéctpd ta inFluence the eioiioii)IC decisioi)s c>f U5ri"s takeii oli
li i L&:LJli,' ItlL%. 11 ILliidiiiL li,-iiill. ai p i1ist.Inces ot Iiofi-LOii)pli.tiocc ￿J11￿13l.lS and regJlitlui i£_ WL. des..
our i 1-'siJOI-:sibililies. i>utliiiLJa above. to cletec.I niatiryrial Inis%t,-IlL'IIIL'llts In respect of ii-rrEul2ritips. iriiludiiig li aud. Tlie exl¥iit
lo wliiili our i)rocedui-rS Ii e Clpiible ol dett.-iting li cegularitic-s. ii)cliidiiig Ir(14Jd is dc'tailed below-.
Wc- Coi Isidei ¥d the i)dlLJre ol the clidrity's inG'.Lgtri' aiid its conii ol enviroi)Ineiii and I'eviekved tnp ciiai-ity's docuniei Itotion
OF tlieir poliCIC)s aiid Pi'oceeDIcJ< re13tiiig to fraud Ji-ld comi)liaiice with laiys aiid regulatioiis. We also ei-lqiiii-cd of
Il Id:'.d"Ll I Ifllt 3bouL theii owi) idvi)iiticatlOll 311d assessiilii)t of il)e 1-'.5rf5 of -.ri rgLJ131 Ities.
oijlaiiiéd ,11i uiidci-staiidiiin of the legJl ind rrgLilaior!, fi-31 IILivork rlia: the iharity opei-atcs in ai)d idei)rified the key
rcgLildtFOllS ttriat had a direit pl4iect OD. the deiei-i)Iln3L.9n of riiiierial dniOUFlts iild disclosures iii tlie fii)ai)iiJl
tlie UK Cljai Ities Act 2011 aiid tax IcgisiJtiOIi. Jiid thv>e. Ihat do ilot liave a dii-ect cffect 01) Llie
Iii IdlliiL21 stdlteil lei ILS but Coil Ipliance with Kvhicli 11)ay be furidaiiieriial to the cl)ai ity s ibilit¥A to Opifdte or to avoid d iiiaterial
Ll Id
We disiLISCrol a,'I iuiig tlie 3ud.'t eilb.lgtl liLilt teain i egLlI-diii8 Ilie opportiiiiitieJ 31 Id incentives IliJi Illdy exis1 Witliiii tlie
tsi w jl-i..f,Itiori for Ii.IUfl as)d hoiv and wlio're fli￿d might orrLir in tl)e fii)ai)tiil slatr_.ii)ci-Its.
II) LUI 511 iluii witli 3113udi1S lliider ISAS IUKI. wc- .iie cil%0 reiiuii-ed 10 pei-foii)) sijoiific piocedui-es tu l Lsiiond to tho i-lsk ol
mJiiJgen)I'iit ovpiride of coiitiols. tv.stc.d the
IPlil-i)111 ialiiiesi ol jouriial ei liries a!icl other adjLlStniei-Its.- ,Isscssed wfr,pii)er the judBIiiLllts ii)ade Iii accotiiiliiig estiiii,Ates
ai-c li i(IiLdtive of J polei Itl£il l).oS.- .3nd evJliJdtcd the busiiiess ratioiiale of any sig11￿fiCal It ti 3iisact105)S t112t ￿1.¥ ijiiusiial or
OLltsidc' Il)e iivi iii.Il coul SÈ ol boSlI)ess.
Ili &Lldilioii 10 tlie 3biive. OLlI- pi-oce(5LJI is to Ipspoiid 10 ihe risk5 idrlitified inilLJclod tliè folloiving-.
.£*iTrcial slrJtLnient disclosui'e% by lestiiirj to supporijiio
docuint*it.Itiori to Ic sspsb con)i)liaiice with 111 ovisioiis
ol i-elLV.)l)t ILIWS aiid I rPiil-tions desci-ii)vd as liaviiig a clirc'ct efle: t on tlie filidl Icial stdlLI)ienrs',
Pel-i ufiiiii)b? atialytlL.Il pi uii-f5urtS to idei)tify any ui)uSL'al ur uiiexpeLttd rc.liliOiishiPS tliat Ilias iiidicate i-lsks of I IldtL?riJ
L IiciuiI-ifiL) of i))311JgLlllCI It ioriceriiiiig act￿31 and potei)tial litig3tion arid claiiiis and instdl)ies ol nLin-coiiipliai-iie witli
lalvs di Id i L%ulatllJi-IS.' and
l Lailii)g Iiiiiiiiie5 of ii)evlii)gs of tliose cl)<irged witli gov¢'i Ilallce.
Our ,4i1(liL Pi vce(Jures INerp desi¥iicd to l-isyond to risks of Illdtcrial misstat¥r))eiit in the finiiiiial stclteiiiei Ils. i ecvonising
11 iat the i-lsk of riot dc.lecting i 111.Ilcrial misst.ItvniLlIt Ilije to fi.lud 15 higlier thin Ilie I Isk of i)ot detecting oiic i esuItlFig li oiii
Ll-i 01-, ,Is li aiid ii-ldv Iri￿01Ve dLlibei-dlL COlbLral1iir￿llt by. foi cy.-i)Iplc. loi ggry. ii)JsrepreseJ Itatlolls or -hi'OULh collii£ioil. Tliei e
.1re .nliti-ent liniititlijris in tkiL Biidit prorpiluips Iierlui-i) Ivd ciiid tlie fui tl)er rei-llvvcd i)ori-c.rJn)iili.Ai)rp with 13ws 2nd
i- ji'iilatlQlis is froiii Ihc eveiits ai Id Ii'aiiyaclions rellecred iii the liii<incial slalenieiits. the Ic-ss likely we arc to beioii-ie .?Wdl e
A liJi-11 lei Ilesci-lplioii of our i espoi)sii)ilitie5 lor the .ILJdit ol -Fie final Icidl siairii ii-qts is Iocdiec o.n the Fiiiai)cial Reportll'.L
Couiicil s w¥l)SiLe at- ￿￿1,1¥5,.
.ki.iL)ilIlui 51 iitri I. Ililll-'-.is. Tliis descriptLVI I foI-1l1s part of our,4ud.,101-'S i-eiiol t.
Use ol OLJr report
Tlii.% i-i.'i)i)l-t is 11 Icltlp. solely IrJ trip cliarily s ti-usLLes. a5 3 Ovdy. in accordance with seclion 144 of the Chai-ities Act 2011 dl)d
ri'gulilii)l)s 11 i.icle ijnder sectioii 154 of that Act. Our audii bv05'k has beeii ui)dEI trfikeii so that we might Stare lo tlIL' chBrity's
rru5ttLS tIIosP I I Icltlc'rs we are i-equii£.d to stale 10 tb.eiii iii AudiLor's report and for iio oth(￿r PLllaOSe. To the fLillest exteiii
PEI Iiiillpd by law. bvp du Iiol accept Oi assunie rLSPuiisirJiliiy Iu 31iyoI ie othèf th.:
iiidil Woi'k. foi" this reyort. or for IlTre opii)ioiis we h.Ive ttsi"n'.ed.
tl)e chaiity's trusteis ds a body foi" our
Ci)tt LLlbVI eiiie (Stilior Stali itory Auditor)
roi" .?iid 01) bLhdlf ol Hazlewo¢ids LLP, SILltutory liuditor
StaV￿rIVIl Coijrt
GLSI OUX
3010512024

Hereford MaDpa Trtsiundi Trust
Statement of FiN3nci31 Activities for the Ye3.- Ended JI December 2023
ro<t'."Ir"
E*P.c'.:m,eni
0-311_iieJS
i ol?.1 fund.
INCOME AN-
ENDOWMENTS FROM..
Charitable 3Ctivities
Ar-,e 3C'i
I"Ik kS.-ry.en-. Irc￿me
i) J7
Total
88
EXPENDITdRE ON".
R3iging Fundg
Ch3rit3ble activities
LJG'I.It,
4e" dirrnc- ihJr,.ta,.
)LIDJO-. l knuS"5
gStE
Total
.880
Net m?vement on investment5
i.O)i
NET IEXt)ENDITUREI.' INCo￿lE
Transfers betvJeen furds
Net movement in funds
19 j.64 1..
lJ2.?ai
RECONCILIATION OF FUNDS
Tot211 unds broutsht fovN3-d
TOTAL FUNDS CARRIED
FORWARD
b23.-0
j.Lk43. 108
05,?'0
CONTINUING OPERATIONS
tiiic exp=
-.Js arisorn

Hereford Mappa Mundi Trust
B313nce Sheet At 31 December 2023
202J
Total fLJiids
2022
Tot.Il fiincls
Urii-esti-lctrd
fuiTrds
Resiricted
fund
Eridotrvii-iént
Notes
FIXED ASSETS
The Nlipijd Muii£li aiid Histoi *(
io
All $311)Is C113111e(l Lihrary at
li
12
404.844
4.823.104
5,227.948
5.08a 90J
4.823 106
5.227.950
J.084.907
CURRENT ASSET5
oc'￿[￿1.s
13
17.455
224.274
17.455
224,995
10.664
342.205
721
241_729
721
242.450
352,969
CREDITORS
year
14
126.6921
126 6(221
132.8661
NET CURRENT ASSETS
21 J.037
721
215,758
320,103
TOTAL ASSETS LESS CURRENT
LIABILITIES
619.881
721
4.62J.106
5.A14J 708
NET ASSETS
619.B81
721
4,823.106
5.443,708
J.40J.010
FUNDS
LJiirLSii ILle.d luncls
619,881
721
4.823.106
713.J28
682
4,(?90.799
TOTAL FUNDS
J.443.708
5 405.010
Tl?e Ii., Idi Ici31 stateiiièiils iwei"c' ai)P(uved aiid aut!)oriSvd for isstie by the Boar"d ol Ti ijstpes on 14 NA,ay 2024 iiid ivtrre
iieo, 011 its DehiAII hy-.
Tai liS11 I CIIVL DL - Oi) brliall of The H.eJ L
lord MapF)a Muridi Trusteè Cr)IliPdny Ltd

Hereford KJ1app3 Mundi Trusl
Notes to the Financial St3tements for the Year Ended 31 December 2023
ACCOUNTING POLICIES
Basis of prep3rin¢ the financial statemenL£
Thp -ID2Dii3I st2ivm:-.rn￿> ?.
-corfrincY IVI-'Tr thr f113rities <ORg 'FR< j(.,:
n¢ R=por.'IntT Ctri3fi Lies". 5". alcmen,. f#f Rece￿I..)er.ejC1
-lice Jpplic<iblc *p. Crior.-rie£
rop2rin-
-ip1 Rnijortinp S", :ne..-
.-DoII,=3lJ I￿ jii =he UK
-r,d ￿￿TrU)￿l( o-. l.-.
.d -d*(*oil
nlfertive
Janijariw 201a;.
Re=,oriin- 5;3ndard 1 02 'TiTre Fin3nri?l R-
aP￿li£3bl.- in lJrf 3nd R-o',Jlic o,: Irpla-r. Li,
hp-,;riE.s Ac:, 2011_ Tl
-ts Jreoaroo ui.
-he 4istor',c?I cos- coniien,, jcn Illl L
PXC-DrioD ol sn%ie!tm¢nts vvp.jcn cr= ir)cliJrted i" ￿31"￿et V31Ltr_ a5 flfudif-ed b'rf 'he '"eK'311JXtIo'"
is i gupl-c
rRi
Going concern
coJii-_s p.rts prewareii
vnre."Co n."v In corinectio-.
Jerieo c-
In l.-.e fTrUii)ion .?J
lje -. c ?oe--
seeéJ)l- ", Ltu'-:'
Income
All .,ncnn)e Is rLr.4cnj<e.r in Lhts 5i.3t¥meni o-: lin2n=ip.l A-t'.LA,"t'.es onr e
cN3r'tl' 1..2r en:. iEleTrent ', o t4-
?rob3ble ".h¢ I the ".nroiY> ¢J."Il receii'-c. cr.r. tk.e Jmou-t ca￿ M￿_asurrd fell￿#1￿._
Expenditure
Li2bJilitieg 3fo ftscL-gni5tsd 35 rYDpndiL rtr 35 )$ t4--"e i-
'.t i) pro￿3&￿e.:
.N jfJf Oi
-. he oi!jts3-. jen C3p, ie W￿,7S￿red r=licsDIV
unH,pr 1tsJd!rngS Lilp.t 3g-
i=_.eri-
cr
-d i o- ..3fi an ac=
G. l.? T e r3-esofi,'
IJjTidS g- a h3sis r0.-s1s-p￿..
*GSEQ 3ne. h-
-.se of rÈ<c.urc.es
, s11?j?ct to condiÈion<
acr-.
Taxation
Th:
,2ri-v is exen-
"Opl :-3x or, i-.s r-
i k3rit?LIL JC-
Fund accountin
.ro<ti lc-.ed -Iind-i 3re helc io.. -￿.￿ riJr-Lb.erinc_
-f :_k,- bier-
31?d -. h= m2nayerp,Ènr Jid 3dmip,'s-:3-, ic.
c-_)pthlo-;cal iTpIic3tion Oi
.ds cre a￿lJI[&d fo-,
'.rDfjS- j ITD05f.d ri. L
.t funds coI)ori<¢ ifi.'ei'.riprii9. 17.c".
iip V3Pt13 Mundi .4nA Yis-oric
ridpipJrne11-.
3r7s1c￿
v?lu= c. Inv￿5-. mell-< over tl)e pr=ViOUi "Ihrce ve3rs.
Linre_ti rictTrd f ￿And5 e1ii31 to L-j? ol .he aVEra-
All b-',Ik'rite'=Si l! alloc-.ttsd t=
ojcroar13..￿ TJ-.
eritage assets
n of hi<tgrical
OQ*S. ts- l•Ji4ich ',¢ con,, Trined
.ies0 ar=
C￿ElIC tri lictc--i= ljèrari￿5 and Ml3-,
lie u-.?i•C
,tino he :e£r i-e Yr?Ls-
TrLlit's priwarK' ok.'PCiive o".
Th- -i-u-teas conEir.ni'
'.1 Inr -_o IilF 'r.=omD?.r.-bl-
'4rsse nilloric Itews. cc.nvts*:. 101)al iip.liigil-.
2Ji?I'o)c4ps la=k surfirie,-,P reliaJiliili Jnd
v31_-t10￿5 crtulc b-. fJhtaiP.ed. .n￿ rD£LS V.ioulc, be =p,ts;o J5
rnmD3.-ed i
'j+li t, e addiiio-al b￿￿￿.,
-'Id -.l)-
urLi ie- Int￿￿..mation is -iven IY *p noEe5 tJ l ryc 3ncour)ts.

Hereford Mappa Mui)di Trust
Notes lo the Financial St3tements for the Year Ended 31 December 2023 continued
ACCOUNTING POLICIES- Contin￿ed
Investniei)ts
Ii)vesLii)Èiit¥ ai e 5*-4&L.d at n-iai kpt viliie 3t Ilie bal.i.ict slieet (idte. Ai)y Lain oi. loss on fevciluatioii 01- salc is takei I lo
Ill￿ SldLf',l)rilt of Fil ILII ICIII Aclivilies1SOFAI
Cash at bank and in hand
Icss li 0111 tlie dcite Of arquisition or Ovelliiig ol ttrie deposit Dr sini&lar aicouiit.
Debtors
Ti.Re4e ciiid otliei- di"btors ire [￿([￿gi115ed at tlie SLtIlLlI)L"l)r ainourit due. Pi-eyaymeiilr 31-L' valued at tlic call iijuni
Crc.ditors 3nd provisions
'.11 d P<llty and tlie 31110unt due lo selllc the oblig.ItlOii cali be
IllrLiSLlI trcl 01 estllllLitvcI relii)lJly. Criditoi-s .Iiid Pi Olli'.)101)5 al'e iioi nially reCogf￿1sCd at Ilieir sL.Ilic'iiieiit dll)ULJlIt.
INVESTMENT IIocoME
2023
2022
UtlJUSlt accoiiiit iiitLI L"SI
OIvid?Ilils ai Id siitLk L5( un irivgsliiicnis
4.On5
219.979
94.£
213.672
223.Y84
214.617
Oep051t Account Interest & Interest on Investments
2023
2022
Unrestricted funds..
CL'I'.tl <11 B03rd ol l-ilTrdl Ice of thp Churcii ol Englarid
J.91)7
933
3.967
123
Restricted fund..
Cei It5 al B011 d ul Finance of Ihe Ch.knich of EJ":gliiiid
38
12
Ei)downient fund=
C.72ii)uvc
486
34
4491
979
INCOME FROM CHARITABLE ACTIVITIES
2023
2022
Acttvity
Artef.iCIs
Use ul ii tef&4Cts
19.539
19.267
19.Jf29
IV.267
io

Hereford Mappa Mlindi Trust
Noies to the Financial Statements for the Year Ended 31 December 2023 continued
CHARITABLE ACTIVITIES COSTS
Gr3ni-:uncing
S=e no;e 5,:
Artei3Ct<
Don3tion¢
17 118
Gr¥￿[ '1 ijnding
grjor l'ear cow.￿￿￿.,0LIve
Direr.I
£022
iiee note 51
Ar-e-. 3C:. <
DETrnL-LiTrIIS
9.24f3
-47 ofJl
GRANTS PAYABLE
2023
2022
Th- lot¢1 -r3￿t5 P3id -0 ini[',fL',t.oYi dil-: inc tho xieuf i':ei= ag i.Ilov.'s'.
2023
202
Chapter
lI￿4r3rx. )313rie£
fl=.titer-
-'po3 BJildi-:
P13ni Repl?cemnnL
n4a'Trtcr - Ttsmcor,)rv Exili_i-;"
3Ptor
Libr3rki L3PtoDs
3",alo-ue Softk'Q3rn
onsoriw=
8-0Tr( r-bai-:-
Roi'orLIPS
Prooert,i. Rep2ir-
240.CA5
2.OCIj
1.440
ChcDte",
7).000
il-,.718
SUPPORT COSTS
2023
2022
Cjoveri 13nce cos.s

Hereford Mappa Mundi Trust
Notes to the Financial Statement5 for the Year Ended 31 December 2023 - continued
NET MOVEMENT ON INVESTMENTS
2023
2022
Nct gaiii 1IIoss1 ort invp5tn)ei)Is
IIivcsti))eiit 1113ndgeii)ent Costs
137.OJS
19,0171
1580,6731
19.4881
127.978
r90,1611
TRUSTEES. REMUNERATION AND BENEFITS
ThLI L Wei'e iio eTiiployees dui Ing tlie year or the pi"evious yeai"_
Tliprc were iio tl Llsttts. reniuiieralion or othc'r beiiefits for tlic year elided 31 Deceiiibei 2023 iior loi tlie ye3r
eiirlcd 31 Decpriil)Lr 2022_
Trustees, expenses
2023
2022
Ti"LlStecs' pxpc"11ses
947
1,014
12

Hereford M3pp3 Mundi Trust
Notes to the Financi31 St2tements for the Ye3r Ended 31 December 2023 continued
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIE5 2022
UnrDE-r',r'?d
4oSL."1CLC.H
ic.o"dmeiit
otes
INCOME AND ENDOWMENTS
FROM
Ch3rit3ble activtties
Arfc',3C;_
Fo5ic Sor_.. eli, RoN'-
10.267
Donari?ns
Iniie<tmeiit.'nrcme
12
?PS 220
2 j4/.17
Tot31
26.787
205.2iO
23J.95?
EXPENDITURE ON
Rai sing Fund5
ii.E.orN eli,. rr.In-,
ement feo
Charitable actiiiities
Doi".-:tlgn<
.4Ar)
,13rit3ble ro5-
SupoorL
Total
18.fj
Net movement on inve%ttnents
'JoO.672;
NET IEXPENDITUREII INCOME
ISil..J/LI
Tr3nsfnrs betiveen fund5
Net movement in funds
RECONCIL5ATION OF FUNDS
Total
i unds brought forw)rd
931
j.220 23
TOTAL FUNDS CARRIED FORWARD
4'C'3 01.3

Hereford Mappa Mui)di Trust
Note5 to the Financial Statements for the Year Ended 31 December 2023 - continued
io.
THE MAPPA MUNDI
The M,.IiJP3
Muiidi
COST
Ai l J.11)Lldr v 2023 .Iiid 31 Decc'i)IbcJr 2023
NET BOOKVALUE
At 3 1 1)erfvi IilJtrl- 2C,23
Ar ' l Oeiéii)boi IU22
ii.
ALL SAINTS CHAINED LIBRARY AT
NOMINAL VALUE
Tot.Il
COST
At 1 laiiLJai"y 2013 3nd 31 DeceiiibLr 2u23
NET BOOKVALUE
Al 3 l Defj.p.n)her 2023
At 3 l Deciiiiber 2022
FIXED ASSET INVESTMENTS
C.Isli arid
l isted
Totals
MARKET VALUE
Al l Jiiiuary 202-1
5.077.363
7.542
J.084.905
":SPvSIIs
18,9981
137.Q55
18,9981
1-17,0.fj5
14.986
,￿￿(.[17￿1}t on Cdsll
14,986
At 21 Deceiiibtr 2022
5,205.420
22.528
5.227.948
The investii)eJitS 21"e held iii the C¢izei)Ove chai.kty Re5ponSible Multi Assct Fuiid_
14

Hereford Mappa Mundi Trust
Notes to the Financi31 Statements for the Year Ended 31 Decomber 2023 continued
12.
FIXED ASSET INVESTMENTS Icontinuedl
Structure of the portfolio
MarKet Kfaluie
2023
2022
Cazenove Ch3rity Trespornsible lrf.Lilti A<spt fuiyd
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
th￿- d:5tors
14_
CREDITORS.. AMOUNTS FALLING DUE WITHIN. ONE YFAR
2023
20.2
Arc-J31< dthlth-roHL IICO",.

Hereford Mappa Mundi Trust
Notes to the Financial Statements for the Year Ended 31 December 2023 - continued
15.
MOVEMENT IN FUNDS
Net Iiiovi:ii)ent
iii funds
Tr31)slrrs
bplwccii l(Jnils
At 01.01.23
At Jl.12.23
Unrestricted funds
476.965
22i.131
11.432
li04.0961
13.745
196.704
369.573
2i8.1476
11,4J2
I Idteil - Iiivestfiirnt 'Free Fund"
De5igi iatpd Fuiid Arili.ieology
713.528
1290.3511
196.7U4
619.881
Restricted funds
LibiJry Fuiid
683
38
721
Endowment funds
Tlic Nclt101131 Heritagi MeiF501 lil Fund
4.6(?0.799
329.1111
1196.7041
4.823.106
TOTAL FUNDS
.40i.010
38.698
5.44J.708
Net Iiioveiiieiit in ftsiids. iiicluded iii the above al-e as follo¥v%'.
Incoine
ExyLiicliture
Gains ai Id
10sSèb
Movviiièiit Iii
fiinils
Uiirestricted funds
1332,8u31
13591
5.201
5.422
1204.0961
12.745
Oes," ,iated I livLSiiiient 'FI"ee Fund"
dted F￿l"Id - Ari1i3¥ology
8.682
1333,1621
10.623
1290.3511
Restricted funds
38
38
Endowment funds
TIIL, Ncltioiial HeritLibTrC Meiiiui 131 Fuiid
211,297
18.7181
120.432
329.011
TOTAL FUNDS
243.523
(341.8801
137.055
3¥.698
16

Hereford Mappa Mundi Trust
Notes to the Financi31 St3tpmcnts for the Year Ended 31 Decembpr 2023 - continued
li.
MOVEMENT IN FUNDS- CONTINUED
2022 -ornporotii'p rilyures
Ne- ￿=vernen-.
funds
Tr3ncfpr>
eii.'JPtsii Tunds
Unrestricted funds
ener31-.uni
20 1.1?40
Inv-stFp.=n.t 'cr￿e Func,
.n?t=d F,Jnd
rclitseolotry
gli IJI
51
1.6>3,;
706_1 9G
1191.i71j
198.900
Restricted funds
031
48:.
Endowmeni funds
I ￿le Ni Lional Herit3CTe Memr4ri31 Fund
.2Lg 24L
8.QOO;.
TOTAL FUNDS
oV=m￿n.l IN funds. incSudtG 11 -Pbe ab-k1￿ 3re GC r
jtr.cowe
Vr'..'eme4,
Ios90
,ds
UnrestrTCted funds
cril-LJnd
j 1 3.2AI}I
'Free FLI￿d-
122.9111
Des1-
oted IiJnd - Arcb,-
.289:
Restricted funds
Libi ciry FurTd
2601
Endowment funds
Th., IN'.i'.ionJl Heritagn Msryc.r',21 r.,
4?5.66L',
TOTAL FUNDS
2J?.¥ j?
IIS,-.660j
',i80.013'
.'eqimep.I "Fre
-t <Jccrnun- Th-
s set I i? OT l J-rl,'K un￿0$[rIcied inr
me li Ja". bi3iq 3ccuwu13tcd ID. I, e
-. OTF. f- c- LOLJI return Sas15.
TY- DesiBn3ted FrJnd Arc .3eolotr,
hj
-stabl.':led -_o
,Jer
e anti=IDate.J co<ts in relatio
Tiie Librirv Fijnd iOn>i<tS gf doY3110ns io uc&O Ipr ljS-an.'
1803fG OI
FinJrn=￿ HeBcs1 i Arc=L.-Il'.
e Iuno '.5 reFrcsented bb mo-.les lield In t."

Herefoi"d Mappa Mundi Trust
Notes to the Financial Statement5 for the Year Ended 31 December 2023 - continued
15.
MOVEMENT IN FUNDS- CONTINUED
Oli JO l¢iiiuary 1991 ali ei)dLiw£iierit of £2.OuO.000 logethei" viith acci",'ed intiiest ivas rriade by tl)e N,ItlUllfil
Hei itJbiP Ide51)oriJl Fui)d. Tlie, fuiid is I r.'pi pspiiied l)y .nvestiiieiits aiid the cvs15 ol Iiianagiiig these Iiivcsti)Ivi)t¥ is
il 13rgrd .3g3iSlSI tli'.s uncl. Foi- the Pui Puses of Torijl Reruri) accr)viitiiig. tlic. gilt clc"iiitiit ol Ilie eiiduwiiieiit is
coiisidvrvd lo be tlie aiiioui)i 01 £2,OCIC) [￿0. The differerice of 12 823.106 12022.. -12.690.799) bi..tbVPLlI this
Llll IOLlI)t Ii Id the actu,Il vJlue ol tl)e endow£ii¢.iit clt 31 Dc-cenibei- 2023 of £4.823,106 I-eiii-esiiits the ui)apyliecl Tutal
Tlic valLJe of tlic. Oi igiEiaS ei Idoiwii)ent with indcxation at 31 Deceiiiber 2023 is 14.402.28J12022 £4.052.69 11.
The All S.Iii)Is Cliaiiied Libi.2ry. tlie Hitttsiic Libidries diid the Ivlappa Mundi ail sl)owii at 1101S)11131 valLILS k)i=iiiE
rLb¢ll(It:d ,Is iiialitri).Ible .)SSL"ts. 11 is con%idered that s.'giiificant 10Sts woald be ii)volveo iri tsl)+aiiiiiig ruliable
Vdliialitsi Is aiid that these ViOLild fai outweitsli .iiiy beiiefits dei-ived.
Transfers between funds
Iiivi'%tiiient 11)COi I Iv and tlie intri-rst (Jil C-Iido*i'ii ieiil C3ili is al(1 Ibiiied to tlie EiidovJii ILilt Fuiid ciiid 3 tl cll 1sfrei- is
.{ II ILli"Il IuTid equal to 4YJ ofr the avei¢l8e nio1.ket value of iniicstllieiits at 30,; JunL ovei the i)rL VIOUS
Ihi ie ye.11 s. The tl LiiisfLI IS Iiidlle on tlic 'toial rrtui li basis"
Duiiiig 2018 £200.OuO w(IS tiaiisfei-ILd fi-vl)) tlTre Uiireiti ILtY(I (Jeiitial Fuiid to a licivly iitdttrd Uiii-LSLI-Icted
Iiivestll Iy.[)I 'FI-Le Fiiiid" Ivith tlio illVL"btiiieiit advisoi s. Ccizeiiove.
16.
ENDOWMENT FUND TOTAL RETURN
Endowed Fund - Tot21 Return
Year Ending 31.12.2023
Uiiapplied Total
Returii
Endowment
Tot31
At the beginnsi)£ of the reporting period
2.OtN).000
2.000,nr)(I
2.691),799
2.690.799
2.690.799
4.6'10,799
Movenierits in the reporting period
211.297
211.297
i vC"Stii)eiit return -ieilised Ji Id uiii ialised
g4l111S &11055esl
Lebb.. In'/es111)L)Iit 11-:a-iÈeriEent Costs
126.432
126.432
18.7181
18.7181
32y.oii
329011
4 /, tot,il i *turi) P<)Id. to Uiii Pstrthilpd furids
Net iiioveineiit iri reporting period
1196.7041
132.307
111}6.7041
132.-i07
2.OuO.QLIO
2.823.1(16
4.823,106
18

Hereford Mapp3 Mundi Trust
ote£ to the Financi31 Statements for the Year Ended 31 December 2023 - cotjtinued
16. ENDOWMENT FUND TOTAL RETURN - CONTINUED
Endowed Fund - Total Return
Year Ending 31.12.2022
Unappli-d Tot31
Return
Endowmen¢
Total
At the becrinnino of the reDortinu period
.t E-,,dO,￿.l )ienL
2.000.eog
Jn3Dtyljtsc Toi31 R>tJ-.
220 2r/.
Movements in the reporting period
ID'Je5 Lment .=tLirn
,-'Jestrneii L
tu'rn -rn-Ii ied and I pn-, eJlj<ed
?1ir'J &.losces,
'j33.664',
Inl'e5tn1￿￿t m31l3sew.Sni rncts
ii:
To Lcil Tovem=r,t¢
C/: LOt.Il -.turn J2id ".0 b-,..eE;ri-..i=
liti
IIC8 9,701
Net movcment in rpportinu period
17.
RELATED PARPI DISCLOSURE
Th￿ rorirrollinp
f -_i., HprF.Tr)r,q 1-.13Dpa ￿'Ij￿dl T-J-
'J iJio. TriaiT Comp,?ni, Limil*ci
Th- Jire=tors c-- Th-. q..,-elorL IK'i¥a J¢ 1"4undi i-: i.51 iomoanb Li?i=e." ali listed Gn i.
-. v Reve-,=
.ILh-. dril. Fue Fevg-,
riD-. Esrfktatii'e Il. Wè:e.-o.e. Vi4DD¢ ￿01[JndI Tru-
Lions to .41 e fi2rL£.r o.. £* ￿-,
3￿c-V ar* ￿￿￿￿e-> n- _k.e CK,tiiiLtr.r o-
-)riSin
4e ','.***cr. roTimli.. ee or +.
The C',:.IDter
.'J.'nS ono r?nLrplt A.erei orc. CJ-hedral
YLJI Idi T-U>t char~er kl orel ￿.
4 c,-cfoi": C-thN.Jr-.:
Eli-: erprisec I IWIt￿O =h3r-.
nd
-.￿rp-.1$r.S Limited. Durinr th= Veai.. T-e ￿= :l¢,d K131) J3
.j?C .'29
V3pLJ X/ur.ei Tri ](-
¢ 120£2." t_yl
1 He-_"iJrG ¥13DDI
-. Irhf.IELS_ I htt eno k'car Thc N/iapJa VIUiI o": T-. LIS-. Ovied --75 2n2 J. r.::
nie"pr'. s<xs Lllll.'t.-c
io H ere i ofcL Catfi￿r7T￿l
Ir> Do ot4er p tJ13L"
,5 requiri-.
jjsrl=suI-_ -n the i.'n2TIC1215tJttsm.eY'.s.
18.
HERITAGE ASSETS NOT RECOGNISED IN THE BALANCE SHEET
I h£. He.-ford V,app
v￿￿Tr.d". I riJji rnainEaift- 3 =olloc+i=n
1 2J=raximaTelv l.ino books ¥ i.hill itq ChJined Libr?riw
T4Ése d31 e rom c.390
-h= clde<"L. rioE:, inpDr=3ti.- Jook held is Ihp ottr, centu-v Y=
lore c-Oipel£.
hain ed libi'ari, li cluceq 22-, mediev31 manusci 10.5 ¢nc i-
la[cgs-. siiry-.vipg fi3iried iibi-3-I'.
Othe," Hpq'rl-1=31 i,"
SP COIS15t of thts r'_sic li )r3r¥". ￿¥h1-h C￿?..-
13ti;lrnlrnrli 179
113$ Lhp Iovic-.
ins è r.oll.-c+iK%r !- bornkf pririte,, -¥￿￿"L f.iJ-i= and iyLlSlC?I WanLisoric.ts
ical S9-
3na nJiius=:io-5 .3-. i*~ from ore 1803.

Flc"reford Mappa Muiidi Trust
Notes to the Fiiiancial SEatements for the Year Ended 31 December 2023 - continued
18.
HERITAGE ASSETS NOT RECOGNISED IN THE BALANCE SH£ET- CONTINUED
M<iiJP<i Mijndi
Tlie fvlappa MLJiidi is a 13111 ceiltury scholir's iiilL'I PI'Lt(Ition oi (lie ivui-ld aiid is uiiiquc within Britlsh hpi itage.
Pi èseiitdtioii ,Ind M.11-ia
Hei"it.Igè Li55etS <71 e iiol i ouiiii¥ly acfjuired or disposLd of by the Trust.
Tlie piJl)lii l)Jve JCCVSS to all hei Il.Ig? asSC'ts 6 days a iNeek.
20