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REGISTERED COMPANY NUMBER: 00783226 (England and Wales)
REGISTERED CHARITY NUMBER: 232686














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 D Abel Smith MBE (Chairman)
R H Threlfall (Vice Chairman)
T M Bell
J M Nicholls
R A C Thake
J G L Browne (resigned 17/5/22)
J J English
I K D Tunio


Company secretary R A Jameson


Registered office The Castle
Hertford
Hertfordshire
SG14 1HR


Registered company number 00783226 (England and Wales)


Registered charity number 232686


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 19th September 2023 and signed on its behalf by:





D Abel Smith MBE - Trustee

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 19,950 2,744 22,694 30,116

Other trading activities 4 18,582 - 18,582 8,242
Investment income 5 130,057 - 130,057 121,264
Total 168,589 2,744 171,333 159,622

EXPENDITURE ON
Charitable activities 6
Forge Museum - - - 2,893
Place House Hall - 2,640 2,640 -
Property costs 187,394 - 187,394 142,257

Other 8 60,047 - 60,047 60,219
Total 247,441 2,640 250,081 205,369

NET INCOME/(EXPENDITURE) (78,852 ) 104 (78,748 ) (45,747 )
Other recognised gains/(losses)
Gains/(losses) on revaluation of fixed assets (25,034 ) - (25,034 ) 47,802
Net movement in funds (103,886 ) 104 (103,782 ) 2,055

RECONCILIATION OF FUNDS
Total funds brought forward 2,386,634 4,688 2,391,322 2,389,267

TOTAL FUNDS CARRIED FORWARD 2,282,748 4,792 2,287,540 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 1,675,440 - 1,675,440 1,710,345
Investments 14 555,676 - 555,676 610,708
2,231,116 - 2,231,116 2,321,053

CURRENT ASSETS
Stocks 15 153 - 153 88
Debtors 16 35,325 - 35,325 27,614
Cash at bank 27,200 4,792 31,992 52,054
62,678 4,792 67,470 79,756

CREDITORS
Amounts falling due within one year 17 (11,046 ) - (11,046 ) (9,487 )

NET CURRENT ASSETS 51,632 4,792 56,424 70,269

TOTAL ASSETS LESS CURRENT LIABILITIES 2,282,748 4,792 2,287,540 2,391,322

NET ASSETS 2,282,748 4,792 2,287,540 2,391,322
FUNDS 18
Unrestricted funds 2,282,748 2,386,634
Restricted funds 4,792 4,688
TOTAL FUNDS 2,287,540 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 19th September 2023 and were signed on its behalf by:





D Abel Smith MBE - Trustee

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 - 2% on market value

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 19,450 7,192
Grants 3,244 22,924
22,694 30,116

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 112,922 104,700
Deposit account interest 141 14
Income from investments 16,994 16,550
130,057 121,264

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 34,905 34,905

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
70,484 68,410

The average monthly number of employees during the year was as follows:

2023 2022
Administrative and professional 2 2

No employees received emoluments in excess of £60,000.

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 29,995 121 30,116

Other trading activities 8,242 - 8,242
Investment income 121,264 - 121,264
Total 159,501 121 159,622

EXPENDITURE ON
Charitable activities
Forge Museum - 2,893 2,893
Property costs 142,257 - 142,257

Other 60,219 - 60,219
Total 202,476 2,893 205,369

NET INCOME/(EXPENDITURE) (42,975 ) (2,772 ) (45,747 )
Transfers between funds 1,007 (1,007 ) -
Other recognised gains/(losses)
Gains on revaluation of fixed assets 47,802 - 47,802
Net movement in funds 5,834 (3,779 ) 2,055

RECONCILIATION OF FUNDS
Total funds brought forward 2,380,800 8,467 2,389,267

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 1,745,250 2,900 1,748,150
Depreciation
At 1st April 2022 34,905 2,900 37,805
Charge for year 34,905 - 34,905
At 31st March 2023 69,810 2,900 72,710
Net book value
At 31st March 2023 1,675,440 - 1,675,440
At 31st March 2022 1,710,345 - 1,710,345

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 9,900 600,808 610,708
Movement in Market Value - (25,034 ) (25,034 )
Reclassification/transfer - (29,998 ) (29,998 )
At 31st March 2023 9,900 545,776 555,676
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:

Beams Limited
Registered office:
Nature of business: Heritage property services
%
Class of share: holding
Ordinary 100
31/3/23 31/3/22
£    £   
Aggregate capital and reserves 13,695 11,528
Profit for the year 2,167 4,273


HERTFORDSHIRE BUILDING PRESERVATION
TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


15. STOCKS
2023 2022
£    £   
Stocks 153 88

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,140 13,463
Amounts owed by group undertakings 18,000 1,787
Other debtors 3,000 3,000
Prepayments and accrued income 10,185 9,364
35,325 27,614

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Social security and other taxes 2,883 2,424
Other creditors 1,832 2,186
Accruals and deferred income 6,331 4,877
11,046 9,487

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
2,386,634 (103,886 ) - 2,282,748
Restricted funds
Forge Museum & Place House Hall Projects



4,567


104


121


4,792
Hadhams History Society 121 - (121 ) -
4,688 104 - 4,792
TOTAL FUNDS 2,391,322 (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 171,333 (250,081 ) (25,034 ) (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.