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||||||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|||||
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|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|
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|||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|
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|---|---|---|---|
|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|||||