REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 |
FOR |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 |
FOR |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
Page |
Reference and administrative details | 1 |
Report of the trustees | 2 | to | 5 |
Independent examiner's report | 6 |
Statement of financial activities | 7 |
Statement of financial position | 8 | to | 9 |
Notes to the financial statements | 10 | to | 19 |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
REFERENCE AND ADMINISTRATIVE DETAILS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
Trustees |
Company secretary | R A Jameson |
Registered office |
Registered company number |
Registered charity number |
Independent examiner | Menzies LLP |
Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED (REGISTERED NUMBER: 00783226) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31ST MARCH 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of 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 102) (effective 1 January 2019). |
Objectives and activities |
Charitable objects |
The objects of the trust are to preserve buildings of special beauty or special historic or architectural interest in the County of Hertfordshire, and in encouraging others to do so, and when required, giving advice and assistance with the preservation of Listed Buildings. |
Public benefit |
The Trustees have complied with the duty in section 4 of the Charities Act 2011 and have regard to the public benefit guidance as issued by the Charity Commission as shown in the objectives above. |
The Trust seeks to provide cultural, social and educational benefit to the people in the County of Hertfordshire, through: |
- Preserving buildings of architectural and historic importance |
- Helping to rescue buildings at risk |
- Organising conservation seminars, exhibitions and visits |
- Providing learning and outreach programmes for young people |
- Managing two heritage museums and a medieval hall. |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED (REGISTERED NUMBER: 00783226) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31ST MARCH 2023 |
Achievement and performance |
Review of activities and achievements |
In the year under review the Covid-19 Pandemic was abating and in person monthly board meetings resumed. However, the Trust's programme to maintain and improve the historic buildings in its ownership continued to be hampered by the availability of contractors and materials; slow progress was made to ensure maintenance and repair was kept up to date on these precious buildings. |
The Trust's activities fall into several distinct categories, which have enjoyed differing fortunes this year. |
Our main source of income remains our residential and commercial property holdings, comprising interesting historic and listed buildings in the County entrusted to us. Gross rents were £112,922 (up from 2022's £104,700) |
The three most interesting properties in our care we operate as public access heritage destinations; the Much Hadham Forge Museum Grade II*, Much Hadham, the preserved windmill at Cromer Grade II*, near Buntingford, and Place House Hall, Grade I, in Bluecoat Yard off Ware High Street. Income from visitors at the Windmill, the Much Hadham Forge Museum and Place House Hall, this year was £2,711 (2022: £185), is an important element in financing these activities, but falls well short of the total costs incurred in maintaining, manning and generally cherishing these venerable edifices. Upkeep of the Much Hadham Forge Museum may prove costly next year as additional storage is urgently required for the Museum's local history collections. |
Our heritage planning consultancy, BEAMS Ltd, continued to recover after the pandemic and more work came in, our small team of conservation consultants resumed work in planning departments of Local Authorities as well as advising private clients and developers on progressing their more heritage-sensitive plans. BEAMS has this year been able to pledge £18,000 from its trading profits to the Trust's General Fund (2022: nil). BEAMS recorded billings over the year of £85,504 (2022: £66,789). |
Other important contributors to the General Fund should also be mentioned. |
The investments of the Miss Mary Aughton Fund again produced a very useful £16,994 of dividend and interest income. Over the year to 31 March 2023 the value of our holdings decreased by -£25,034 (2022: increased £47,802) which reflects the global investment markets performance. |
The annual subscriptions we continue to receive from corporate, society and individual subscribers are enormously helpful in sustaining our operations by helping offset core costs and serve as a reminder to Directors of the widespread support in the County for the work we do. Individual County councillors are also often ready to help with specific appeals within their remit. |
The Trust's central administration costs this year totalled £95,657 an increase on 2022's £60,219. |
Alongside the General Fund, we maintain a series of Restricted or Special Purpose Funds, enabling us to undertake particular projects of conservation and restoration of our public properties underlining the vibrant life of the Trust inside the community. This year funds were sought for the redesign and renewal of the kitchen at Place House Hall This year £2,744 (2022: £121) was raised in grants and donations for restricted purposes, and £2,640 was spent (2022: £2,893). Restricted Funds carried forward therefore amount to £4,792 (2022: £4,688). |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED (REGISTERED NUMBER: 00783226) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31ST MARCH 2023 |
Financial review |
Financial position |
Incoming resources in the year were £ 171,333 (2022: £159,622). |
A deficit of -£78,748 was made in the year (2022: £2,056 surplus). At 31 March 2023 total reserves were £2,287,538 (2022: £2,391,322), of which £2,282,746 (2022: £2,386,634) represented general unrestricted funds. |
Investment policy |
The Trust's policy for its investment in property is to maximize its gross rents, delegating management to professional property managers, while maintaining its value and historic character through appropriate care and maintenance. The Trust's policy for its portfolio investments is to place them with an experienced investment management house specialising in charitable fund investment, so as to generate a growing income whilst preserving the real value of capital. The Trust's policy for its liquid assets, where they are available for investment, is to place them in highly secure instant access deposit accounts as offered to registered charities by CCLA Investment Management Ltd. |
Reserves |
It is the policy of the Trust to maintain sufficient reserves to meet the planned refurbishment costs of its properties (which are properties of historical or architectural interest or of beauty). |
Structure, governance and management |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
The method of recruiting new Trustees for the Trust is by way of advertising on the Reach Volunteering Website and appropriate social media. |
Organisational structure |
The organisation is a charitable company limited by guarantee, incorporated on 3 December 1963. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The Trustees/Directors, who are elected and co-opted under the terms of the Articles of Association, determine the general policy of the company and all major management matters. |
The directors now retiring by rotation in accordance with Article 45 are J M Nichols and R H Threlfall, who, being eligible, offer themselves for re-election. |
Governance and internal control |
The Trust has set up a committee to advise on property related matters and valuations for accounting purposes. The committee work closely with the Trust's managing agents. The committee was established in house to keep charity costs to a minimum, all members of the committee have knowledge of the properties held by the Trust. |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED (REGISTERED NUMBER: 00783226) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31ST MARCH 2023 |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
Independent examiner's report to the trustees of Hertfordshire Building Preservation Trust Limited ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
J E Fox |
Menzies LLP |
Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
20th September 2023 |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 31ST MARCH 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 3 |
Other trading activities | 4 |
Investment income | 5 |
Total |
EXPENDITURE ON |
Charitable activities | 6 |
Other | 8 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
Other recognised gains/(losses) |
Gains/(losses) on revaluation of fixed assets | ( |
) | ( |
) |
Net movement in funds | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 2,391,322 |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED (REGISTERED NUMBER: 00783226) |
STATEMENT OF FINANCIAL POSITION |
31ST MARCH 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 13 |
Investments | 14 |
CURRENT ASSETS |
Stocks | 15 |
Debtors | 16 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 17 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 18 |
Unrestricted funds | 2,386,634 |
Restricted funds | 4,688 |
TOTAL FUNDS | 2,391,322 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006. |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED (REGISTERED NUMBER: 00783226) |
STATEMENT OF FINANCIAL POSITION - continued |
31ST MARCH 2023 |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
1. | STATUTORY INFORMATION |
Hertfordshire Building Preservation Trust is a private company limited by guarantee, registered in England and Wales, as a well as being a charity registered in the same jurisdiction. The charity's registered numbers and office address can be found within the reference and administrative details on page 1. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. |
The financial statements have been prepared on a going concern basis, with no material uncertainties presented by the trustees in contrary to this. |
Critical accounting estimates and judgements |
No significant estimates or judgements have had to be made by the trustees in preparing these financial statements. |
Incoming resources |
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included. |
Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable. |
Income from the forge and windmill is included in the year in which it is receivable. |
Income from investments is included in the year in which it is receivable. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property | - |
Freehold properties are held at Trustees' valuation. The Statement of Recommended Practice issued by the Charity Commission in England and Wales provides that the 'trustees may use any reasonable approach to valuation at least every five years.' The Trustees have therefore established a Property Valuation Committee comprising members of the Board with appropriate property or professional experience to consult with the Trust's Property manager and to advise on the current open market value of the Trust's freehold properties. Once adopted by the full board of trustees, these values are incorporated into the accounts. |
The Trustees are aware that this policy is not fully compliant with Charities SORP (FRS 102), as it involves a valuation that is neither conducted nor reviewed by a qualified external valuer. However the Trustees consider this non-compliance to be reasonable and appropriate to the circumstances of the Charity and that it would be an incorrect use of the Charity's limited resources to commission an external valuation report. |
Stocks |
Stocks are valued at the lower of cost and net realisable value. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Investments |
Managed investments are shown in the balance sheet at market value less any provision necessary for permanent diminution in value, the gains or losses are taken to the Statement of Financial Activities. |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
3. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Donations |
Grants |
4. | OTHER TRADING ACTIVITIES |
2023 | 2022 |
£ | £ |
Income from Forge Museum, Cromer Mill and Place House Hall | 18,582 | 8,242 |
5. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Rents received |
Deposit account interest |
Income from investments | 16,994 | 16,550 |
6. | CHARITABLE ACTIVITIES COSTS |
Direct |
Costs (see |
note 7) |
£ |
Place House Hall | 2,640 |
Property costs | 187,394 |
190,034 |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
7. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
2023 | 2022 |
£ | £ |
Staff costs | 35,610 | 33,685 |
Direct costs | 119,519 | 76,560 |
Depreciation | 34,905 | 34,905 |
190,034 | 145,150 |
8. | OTHER |
2023 | 2022 |
£ | £ |
Support costs | 60,047 | 60,219 |
9. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
10. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022. |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
11. | STAFF COSTS |
2023 | 2022 |
£ | £ |
Wages and salaries |
70,484 | 68,410 |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Administrative and professional |
12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Charitable activities |
142,257 | - |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
Transfers between funds | 1,007 | (1,007 | ) | - |
Other recognised gains/(losses) |
Gains on revaluation of fixed assets |
Net movement in funds | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 2,380,800 | 8,467 |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
TOTAL FUNDS CARRIED FORWARD | 2,386,634 | 4,688 | 2,391,322 |
13. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
Cost |
At 1st April 2022 and 31st March 2023 |
Depreciation |
At 1st April 2022 |
Charge for year |
At 31st March 2023 |
Net book value |
At 31st March 2023 |
At 31st March 2022 |
Land and buildings were valued at 31 March 2021 by a valuation committee of the board, on an open market value basis. |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
14. | FIXED ASSET INVESTMENTS |
Shares in |
group | Listed |
undertakings | investments | Totals |
£ | £ | £ |
Market value |
At 1st April 2022 | 610,708 |
Movement in Market Value | ( |
) | (25,034 | ) |
Reclassification/transfer | ( |
) | (29,998 | ) |
At 31st March 2023 | 555,676 |
Net book value |
At 31st March 2023 | 9,900 | 545,776 | 555,676 |
At 31st March 2022 | 9,900 | 600,808 | 610,708 |
There were no investment assets outside the UK. |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Registered office: |
Nature of business: Heritage property services |
% |
Class of share: | holding |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
15. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
16. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments and accrued income |
17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
18. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 1,911,634 | (103,886 | ) | - | 1,807,748 |
Mary Aughton | 475,000 | - | - | 475,000 |
(103,886 | ) |
Restricted funds |
Forge Museum & Place House Hall Projects |
4,567 |
104 |
121 |
4,792 |
Hadhams History Society | 121 | - | (121 | ) | - |
104 |
TOTAL FUNDS | (103,782 | ) | 2,287,540 |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
18. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 168,589 | (247,441 | ) | (25,034 | ) | (103,886 | ) |
Restricted funds |
Forge Museum & Place House Hall Projects |
2,744 |
(2,640 |
) |
- |
104 |
TOTAL FUNDS | ( |
) | ( |
) | (103,782 | ) |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.4.21 | in funds | funds | 31.3.22 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 1,905,800 | 4,827 | 1,007 | 1,911,634 |
Mary Aughton | 475,000 | - | - | 475,000 |
2,380,800 | 4,827 | 1,007 | 2,386,634 |
Restricted funds |
Forge Museum & Place House Hall Projects |
8,467 |
(2,893 |
) |
(1,007 |
) |
4,567 |
Hadhams History Society | - | 121 | - | 121 |
8,467 | (2,772 | ) | (1,007 | ) | 4,688 |
TOTAL FUNDS | 2,389,267 | 2,055 | - | 2,391,322 |
HERTFORDSHIRE BUILDING PRESERVATION |
TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
18. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 159,501 | (202,476 | ) | 47,802 | 4,827 |
Restricted funds |
Forge Museum & Place House Hall Projects |
- |
(2,893 |
) |
- |
(2,893 |
) |
Hadhams History Society | 121 | - | - | 121 |
121 | (2,893 | ) | - | (2,772 | ) |
TOTAL FUNDS | 159,622 | (205,369 | ) | 47,802 | 2,055 |
19. | RELATED PARTY DISCLOSURES |
There were no related party transactions in the year ended 31st March 2023 (2022: none). |
20. | COMPANY LIMITED BY GUARANTEE |
The company is limited by guarantee and has no share capital. The members' liability is limited to £1 each. |