| Page in | |||||
|---|---|---|---|---|---|
| report | |||||
| Legal and administrative | details | ||||
| Report ofthe | Trustees | 2 3 | |||
| Report ofthe | Independent | examiner | |||
| Statement of | financial | activities | |||
| Comparative | Statement offinancial | activities | |||
| Balance sheet | |||||
| Accounting policies |
|||||
| Notes to the financial | statements | 9-10 |
| President: | Dame Kiri Te | Kanawa | Kanawa | ||||
|---|---|---|---|---|---|---|---|
| Life Patron: | Dr Richard Seal | ||||||
| Trustees: | The Right Honourable The |
Countess ofChichester | |||||
| Michael Wade | OBE | ||||||
| Esther Horwood | |||||||
| Robin Creswell | |||||||
| Luke March | |||||||
| Camilla Goldsbrough | |||||||
| The Reverend | Canon Anna | Macham | |||||
| Principal | Officers: | Mr Richard Gurd, | Honorary | Treasurer | |||
| Charity Address: | c/o The Chapter Office, 6The Close, Salisbury, | SP12EF | |||||
| Advisers: | Bankers: | Lloyds Bank | |||||
| 38Blue BoarRow | |||||||
| Salisbury | SP1 1DB | ||||||
| Solicitors; | Parker Bullen | ||||||
| 45 Castle | Street | ||||||
| Salisbury | SP13SS | ||||||
| Stockbrokers: | JMFinn k | Co | |||||
| 4 Coleman | Street | ||||||
| London | |||||||
| EC2R 5TA | |||||||
| independent | Examiner: | James Fletcher | FCA | ||||
| Registered | Charity Number: | 1008158 |
| For the year ended 3 | 1August 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | General | Endowment | Total | Total | ||
| Funds | Funds | 2021 | 2020 | |||
| INCOME AND ENDOWMENTS FROM: | ||||||
| Donations and legacies |
||||||
| General donations | 26,030 | 26,030 | 68,750 | |||
| Hardship donations |
||||||
| Music Comml ssion | 4,500 | |||||
| Legacies | 11,379 | |||||
| Cathedral collections and fees |
63 | 663 | ||||
| Investment income |
||||||
| UK listed securities and overseas stocks |
56,709 | 56,709 | 63,818 | |||
| Bank interest | 46 | 46 | 395 | |||
| TOTAL INCOME | 82,848 | 82,848 | 149,505 | |||
| EXPENDITURE ON: | ||||||
| Costs ofgenerating funds |
||||||
| Bank and broker's fees | 12,392 | 12,392 | 12,233 | |||
| Fundraising Costs |
||||||
| Charitable activities |
||||||
| Choristers' grants payable |
1 | 92,169 | 92,169 | 92,169 | ||
| Hardship grants |
1 | |||||
| Music Commission | 2,250 | 2,250 | 2,250 | |||
| Governance costs |
3 | 720 | 720 | 720 | ||
| TOTAL EXPENDITURE | 95,139 | 12,392 | 107,531 | 107,372 | ||
| NET INCOME / (EXPENDITURE) FOR | ||||||
| THE YEARBEFOREINVESTMENT | ||||||
| GAINS | (12,291) | (12,392) | (24,683) | 42,133 | ||
| NET GAINS/(LOSSES) ON | ||||||
| INVESTMENTS | ||||||
| Unrealised gains/(losses) |
on investments | 22,029 | 22,029 | (174,710) | ||
| Realised gains/(losses) on |
sale ofinvestments | 285,975 | 285,975 | (5,388) | ||
| NET INCOME / EXPENDITURE | ||||||
| FOR THE YEAR | (12,291) | 295,612 | 283,321 | (137,965) | ||
| RECONCILIATION OF FUNDS: |
||||||
| TOTAL FUNDS BROUGHT FORWARD | 230,238 | 1,899,651 | 2,129,889 | 2,267,854 | ||
| TOTAL FUNDS CARRIED FORWARD | 7 | 217,947 | 2,195,263 | 2,413,210 | 2,129,889 |
| Salisbury Cathedral |
Girl | Choristers' | Choristers' | Fund | |
|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL ACTIVITIES | |||||
| For the year ended 31August | 2021 | ||||
| COMPARATIVE INFORMATION | ONLY | Notes | General | Endowment | Total |
| Funds | Funds | 2020 | |||
| INCOME AND ENDOWMENTS | FROM: | ||||
| Donations and legacies |
|||||
| General donations | 68,750 | 68,750 | |||
| Hardship donations |
|||||
| Music Commission | 4,500 | 4,500 | |||
| Legacies | 11,379 | 11,379 | |||
| Cathedral collections and fees |
663 | 663 | |||
| Investment income |
|||||
| UK listed securities and overseas stocks |
63,818 | 63,818 | |||
| Bank interest | 395 | 395 | |||
| TOTAL INCOME | 149,505 | 149,505 | |||
| EXPENDITURE ON: | |||||
| Costs ofgenerating funds |
|||||
| Bank and broker's fees | 12,233 | 12,233 | |||
| Fundraising Costs |
|||||
| Charitable activities |
|||||
| Choristers' grants payable |
1 | 92,169 | 92,169 | ||
| Hardship grants |
1 | ||||
| Music Commission | 2,250 | 2,250 | |||
| Governance costs |
3 | 720 | 720 | ||
| TOTAL EXPENDITURE | 95,139 | 12,233 | 107,372 | ||
| NET INCOME / (EXPENDITURE) FOR | |||||
| THE YEARBEFOREINVESTMENT | |||||
| GAINS | 54,366 | (12,233) | 42,133 | ||
| NET GAINS/(LOSSES) ON | |||||
| INVESTMENTS | |||||
| Unrealised gains/(losses) on investments |
(174,710) | (174,710) | |||
| Realised gains/(losses) on sale ofinvestments |
(5,388) | (5,388) | |||
| NET INCOME / EXPENDITURE | |||||
| FOR THE YEAR | 54,366 | (192,331) | (137,965) | ||
| RECONCILIATION OF FUNDS: |
|||||
| TOTAL FUNDS BROUGHT FORWARD | 175,872 | 2,091,982 | 2,267,854 | ||
| TOTAL FUNDS CARRIED FORWARD | 7 | 230,238 | 1,899,651 | 2,129,889 |
| Vote,c | 2021 | 2020 | ||
|---|---|---|---|---|
| FIXEDASSETS | ||||
| Investments | 4 | 2,141,349 | 1,791,426 | |
| CURRENT ASSETS | ||||
| Bank | 272,302 | 326,433 | ||
| Debtors | 1,000 | 12,750 | ||
| 273,301 | 339,183 | |||
| CREDITORS: Amounts | falling due | |||
| within one year | 1,440 | 720 | ||
| NET CURRENT ASSETS | 271,861 | 338,463 | ||
| TOTAL NET ASSETS | 2,413,210 | 2,129,889 | ||
| ACC~ATED FUNDS | ||||
| General funds | 7 | 217,947 | 230,238 | |
| Endowment funds |
7 | 2,195,263 | 1,899,651 | |
| 2,413,210 | 2,129,889 |
| GRANTS | PAYABLE | 2021 | 2020 |
| Basic awards | 92,169 | 92,169 | |
| Hardship | grant | ||
| 92,169 | 92,169 |
| No Trustees remuneration, | Trustees expenses or staff costs were paid in the year (2020:anil) | Trustees expenses or staff costs were paid in the year (2020:anil) | ||
|---|---|---|---|---|
| GOVERNANCE COSTS |
2021 | 2020 | ||
| Independent Examiner |
720 | 720 | ||
| 4 | INVESTMENTS | 2021 | 2020 | |
| Market value at 1 September 2020 | 1,791,426 | 1,967,962 | ||
| Additions | 351,899 | 56,421 | ||
| Gifted Shares | ||||
| Disposal s | (287,951) | (58,247) | ||
| Unrealised gains! (losses) in year | 285,975 | (174,710) | ||
| Market value at 31August 2021 | 2,141,349 | 1,791,426 | ||
| Historical cost at 31 August | 2021 | 1,661,397 | 1,581,394 | |
| Investments at market value |
comprised: | |||
| UK quoted securities | 2,141,349 | 1,791,426 |
| DEBTORS | 2021 | 2020 | ||
|---|---|---|---|---|
| Income tax recoverable | 1,000 | 2,750 | ||
| Legacy | 10,000 | |||
| 1,000 | 12,750 | |||
| CREDITORS: Amounts | falling due within one year | 2021 | 2020 | |
| Accruals | 1,440 | 720 | ||
| 1,440 | 720 | |||
| NET ASSETS | ||||
| General | Endowment | Total | ||
| Funds | funds | 2021 | ||
| Investments | 2,141,349 | 2,141,349 | ||
| Current assets | 217,947 | 53,914 | 271,861 | |
| 217,947 | 2,195,263 | 2,413,210 |
| fees. These funds are mainly investe the girls' grants. |
d in an investment |
portfolio which gener | ates the income |
used to pay |
|---|---|---|---|---|
| General | Endowment | Total | ||
| COMPARATIVE INFORMATION | ONLY | Funds | Funds | 2020 |
| Investments Current assets |
230738 | 1.791,426 108,225 |
1,791,426 338,463 |
|
| 230,238 | 1,899,651 | 2,129,889 | ||
| FUTURE GRANT S |