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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|
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|President:||Dame Kiri Te|Kanawa|Kanawa||
|---|---|---|---|---|---|
|Life Patron:||Dr Richard Seal||(Deceased)||
|Trustees:||The Right Honourable
The Countess ofChichester||||
|||Michael Wade|OBE|||
|||Esther Horwood||||
|||Robin Creswell||||
|||Luke March||||
|||Camilla Goldsbrough||||
|||The Reverend|Canon Anna Macham|||
|Charity Address:||c/o The Chapter OQice, 6 The Close, Salisbury,|||SP12EF|
|Advisers:||Bankers:||Lloyds Bank||
|||||38Blue Boar Row||
|||||Salisbury SP1 1DB||
|||Solicitors:||Parker Bullen||
|||||45 Castle Street||
|||||Salisbury SP13SS||
|||Stockbrokers:||JMFinn &Co||
|||||4 Coleman
Street||
|||||London||
|||||EC2R 5TA||
|Independent|Examiner:|James Fletcher|FCA|||
|Registered|Charity Number:|1008158||||
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||Notes|General|Endowment|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|2022|2021|
|INCOME FROM:||||||
|Anniversary
donations &sponsorship||66,000||66,000||
|Anniversary
concert income||23,874||23,874||
|Anniversary
collection||462||462||
|Total anniversary
income||90,336||90,336||
|General donations||66,750||66,750|26,030|
|Cathedral
collections
and fees|||||63|
|Investment
income||||||
|UK listed securities
and overseas stocks||66,005||66,005|56,709|
|Bank interest||49||49|46|
|TOTAL INCOME||223,140||223,140|82,848|
|EXPENDITURE ON:||||||
|Anniversary
fundraising
costs||3,200||3,200||
|Cost ofgenerating
funds||||||
|Bank and broker's fees|||13,614|13,614|12,392|
|Charitable
activities||||||
|Choristers'
grants payable|1|89,748||89,748|92,169|
|Hardship
grants|1|||||
|Music Commission|||||2,250|
|Governance
costs|3|800||800|720|
|TOTAL EXPENDITURE||93,748|13,614|107,362|107,531|
|NET INCOME
/ (EXPENDET'JRE) "CR||||||
|TEA YEARBEFOREINVESYlVKNT||129,392|(13,614)|115,778|(24,683)|
|GAiNS||||||
|NET GAINS/(LOSSES) ON|||(99,892)|(99,892)|308,004|
|IM&s:MENTS||||||
|NET ENCOME / EXPENDITURE||||||
|FOR THE YEAR||129,392|(113,506)|15,886|283,321|
|RECONCILIATION
OF FUNDS:||||||
|TOTAL FUNDS BROUGHT FORWARD||217,947|2,195,263|2,413,210|2,129,889|
|TOTAL FUNDS CARRIED FORWARD|7|347,339|2,081,757|2,429,096|2,413,210|
##
|TEMENT OF FINANCIAL A
the year ended 31 August 2022|CTIVI|TIES||||
|---|---|---|---|---|---|
|COMPARATIVE INFORMATION|ONLY|Notes|General|Endowment|Total|
|Statement ofFinancial Activities for|the||Funds|Funds|2021|
|year ended 31August 2021||||||
|INCOME AND ENDOWMENTS FROM:||||||
|Donations
and legacies||||||
|General donations|||26,030||26,030|
|Hardship
donations||||||
|Music Commission||||||
|Legacies||||||
|Cathedral
collections
and fees|||63|||
|Investment
income||||||
|UK listed securities
and overseas stocks|||56,709||56,709|
|Bank interest|||46||46|
|TOTAL INCOME|||82 848||82 848|
|EXPENDITURE ON:||||||
|Costs ofgenerating
funds||||||
|Bank and broker's fees||||12,392|12,392|
|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|12,392|107,531|
|NET INCOME
/ (EXPENDITURE;|OP8.|||||
|THE YEARBEFOREItt ~"S YMl'IT||||||
|GAINS|||(12 291)|(12392)|(24683)|
|NET GAINS/(LOSSES) QY.||||||
|INVESTMENTS||||308,004|308,004|
|NET INCOME / EXPENDITURE||||||
|FOR THE YEAR|||(12,291)|295,612|283,321|
|RECONCILIATION
OF FUNDS:||||||
|TOTAL FUNDS BROUGHT FORWARD|||230,238|1,899,651|2,129,889|
|TOTAL FUNDS CARRIED FORWARD||7|217,947|2,195,263|2,413,210|
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||||||Notes|2022|2021||
|---|---|---|---|---|---|---|---|---|
|FIXEDASSETS|||||||||
|Investments|||||4|2,037,087|2,141,349||
|CURRENT|ASSETS||||||||
|Bank||||||345,470|272,301||
|Debtors|||||5|47,339|1,000||
|||||||392,809|273,301||
|CREDITORS: Amounts|||falling due||||||
|within|one year|||||800|1,440||
|NET CURRENT ASSETS||||||392,009|271,861||
|TOTAL NET ASSETS||||||2,429,096|2,413,210||
|ACCUMULATED||FUNDS|||||||
|General funds|||||7|2,081,757|217,947||
|Endowment|funds||||7|347,339|2,195,263||
|||||||2,429,096|2,413,210||
|||||||||'7|
||||||||!||
|Thfiil||||hTfi||2 Ot-S|||
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|For|the year ended 31August 2022||||
|---|---|---|---|---|
|1|GRANTS PAYABLE||2022|2021|
||Basic awards||89,748|92,169|
||Hardship
grant||||
||||89,748|92,169|
||TRUSTEES' REMUNERATION|AND STAFF COSTS|||
||No Trustees remuneration,|No Trustees remuneration,|Trustees expenses or staff costs were paid in the year (2021:anil)|Trustees expenses or staff costs were paid in the year (2021:anil)||
|---|---|---|---|---|---|
||GOVERNANCE|COSTS||2022|2021|
||Independent
Examiner|||800|720|
|4|INVESTMENTS|||2022|2021|
||Market value at|1 September 2021||2,141,349|1,791,426|
||Additions|||127,203|351,899|
||Gifted Shares|||||
||Disposals|||(131,573)|(309,980)|
||Net gains / (losses) in year|||(99,892)|308,004|
||Market value at 31August 2022|||2,037,087|2,141,349|
||Historical cost at|31August|2022|1,697,474|1,661,397|
||Investments
at market value||comprised:|||
||Fixed interest UK Bonds|||107,650|134,225|
||Equities &Funds|||||
||UK|||1,362,895|1,415,309|
||North America|||81,844|74,360|
||Europe|||192,186|210,108|
||Japan|||42,675|42,150|
||Global|||34,350|33,200|
||Alternatives|||215,487|231,997|
|||||2,037,087|2,141,349|
##
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|---|---|---|---|---|---|---|---|
|DEBTORS||||||2022|2021|
|Income tax recoverable||||||10,915|1,000|
|Salisbury
Cathedral||||||36424||
|||||||47,339|1,000|
|CREDITORS: Amounts|falling due||within one year|||2022|2021|
|Accruals||||||800|1,440|
|||||||800|1,440|
|NET ASSETS||||||||
||||||General|Endowment|Total|
||||||Funds|funds|2022|
|Investments||||||2,037,087|2,037,087|
|Current assets|||||347,339|44,670|392,009|
||||||347,339|2,081,757|2,429,096|
|Endowment
funds comprise||all gifts|and donations|received by the charity||excluding those received for||
|fees. These funds are mainly
the girls' grants.||invested|in an investment||portfolio which generates the income||used to pay|
||||||General|Endowment|Total|
|COMPARATIVE INFORMATION|||ONLY||Funds|Funds|2021|
|Investments||||||||
|Current assets|||||217,947|2,141,349
53,914|2,141,349
271,861|
||||||217,947|2,195,263|2,413,210|
|FUTURE GRANTS||||||||