THE ST. MARY'S CHURCH PORTSEA MUSIC FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2023
| 2023 Unrestricted Restricted Total Fund Funds Funds Note £ £ £ INCOMING RESOURCES Voluntary Income 2a 3,423 194,951 198,374 Activities for generating funds 2b 939 268 1,207 Income from investments 2c 1,185 - 1,185 Income from Foundation activities 2d 277 - 277 TOTAL INCOMING RESOURCES 5,824 195,219 201,043 RESOURCES EXPENDED Foundation Activities 3a 2,522 194,167 196,689 Governance 3b - - - TOTAL RESOURCES EXPENDED 2,522 194,167 196,689 NET INCOMING (OUTGOING) RESOURCES 3,302 1,052 4,354 LOSSES / GAINS ON INVESTMENTS 4 (2,223) - (2,223) NET MOVEMENT OF FUND 1,080 1,052 2,132 BALANCE BROUGHT FORWARD 49,452 43,789 93,240 BALANCE CARRIED FORWARD 5 50,531 44,841 95,372 |
2023 Unrestricted Restricted Total Fund Funds Funds Note £ £ £ INCOMING RESOURCES Voluntary Income 2a 3,423 194,951 198,374 Activities for generating funds 2b 939 268 1,207 Income from investments 2c 1,185 - 1,185 Income from Foundation activities 2d 277 - 277 TOTAL INCOMING RESOURCES 5,824 195,219 201,043 RESOURCES EXPENDED Foundation Activities 3a 2,522 194,167 196,689 Governance 3b - - - TOTAL RESOURCES EXPENDED 2,522 194,167 196,689 NET INCOMING (OUTGOING) RESOURCES 3,302 1,052 4,354 LOSSES / GAINS ON INVESTMENTS 4 (2,223) - (2,223) NET MOVEMENT OF FUND 1,080 1,052 2,132 BALANCE BROUGHT FORWARD 49,452 43,789 93,240 BALANCE CARRIED FORWARD 5 50,531 44,841 95,372 |
2022 Total £ 383,724 671 1,514 222 |
|---|---|---|
| 5,824 195,219 201,043 2,522 194,167 196,689 - - - 2,522 194,167 196,689 3,302 1,052 4,354 (2,223) - (2,223) 1,080 1,052 2,132 49,452 43,789 93,240 50,531 44,841 95,372 |
386,131 | |
| 363,109 - |
||
| 363,109 | ||
| 23,022 9,166 |
||
| 32,189 61,052 |
||
| 93,240 |
THE ST. MARY'S CHURCH PORTSEA MUSIC FOUNDATION BALANCE SHEET 31ST MARCH 2023
| THE ST. MARY'S CHURCH PORTSEA MUSIC FOUNDATION BALANCE SHEET 31ST MARCH 2023 |
THE ST. MARY'S CHURCH PORTSEA MUSIC FOUNDATION BALANCE SHEET 31ST MARCH 2023 |
THE ST. MARY'S CHURCH PORTSEA MUSIC FOUNDATION BALANCE SHEET 31ST MARCH 2023 |
||
|---|---|---|---|---|
| Notes 2023 £ £ INVESTMENTS at Market Value 4 CBF Investment Fund - Income Units 43,705 CBF Investment Fund - Fixed Interest Securities Fund 8,952 52,657 CURRENT ASSETS CBF Deposit Account - Natwest Current Account 36,939 Loan to PCC 5,776 Debtors - 42,715 Less Creditors - 42,715 95,372 FUNDS Unrestricted 5 59,697 Restricted 5 35,675 95,372 |
2022 £ £ 45,315 9,564 |
|||
| - 36,939 5,776 - |
52,657 42,715 95,372 59,697 35,675 95,372 |
- 19,585 18,776 - |
54,879 38,361 |
|
| 42,715 - |
38,361 - |
|||
| 93,240 | ||||
| 58,618 34,622 |
||||
| 93,240 |
Approved by the Trustees on 1st July 2023 and signed on their behalf
…………………………………. Revd. Canon Bob White
THE ST. MARY'S CHURCH PORTSEA MUSIC FOUNDATION NOTES FORMING PART OF THE ACCOUNTS 31ST MARCH 2023
1. Accounting Policies
(a) Basis of Accounting
The accounts have been prepared on the historical cost convention and are in accordance with applicable accounting standards and the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP) 2005.
(b) Income
All income is recognised in the year in which it is received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised.
(c) Income from Investments
(d) Expenditure
All expenditure is included on an accruals basis.
2. INCOMING RESOURCES
| a. Voluntary Income Donations and Grants Gift aid Organist Grant (CO-OP) b. Generating Funds Fundraising Portsmouth Lottery Amazon SMILE 100 Club c. Income from Investments Interest on CBF deposit account Dividends d. Income from Foundation activities Concerts and Organ recitals Contributions to Tour e. Unrealised Investment Surplus TOTAL INCOMING RESOURCES |
2023 2022 Unrestricted Restricted Total Total Fund Funds Funds Funds £ £ £ £ 1,427 194,951 196,378 378,368 74 - 74 421 1,922 - 1,922 4,934 |
|---|---|
| 3,423 194,951 198,374 383,724 |
|
| 757 - 757 347 15 - 15 80 23 - 23 26 144 268 412 218 |
|
| 939 268 1,207 671 |
|
| - - - - 1,185 - 1,185 1,514 |
|
| 1,185 - 1,185 1,514 |
|
| 277 - 277 222 - - - - |
|
| 277 - 277 222 |
|
| (2,223) - (2,223) 9,166 |
|
| 3,601 195,219 198,820 395,297 |
6
THE ST. MARY'S CHURCH PORTSEA MUSIC FOUNDATION NOTES FORMING PART OF THE ACCOUNTS (continued) 31ST MARCH 2023
3. RESOURCES EXPENDED
| a. Foundation activities Director of Music Fees Music Lessons Assistant Organist Concert Costs Chorister Rewards Bursaries Subscriptions Organ Fund Choir Tours b. Governance Bank Charges TOTAL RESOURCES EXPENDED 4. INVESTMENTS Quoted investments Market Value at 1st April Unrealised surplus Market Value at 31st March Historical Cost at 31st March 2011 5. Reserves Unrestricted - General Fund Restricted - Choir Tour Fund - 100 Club Prize Fund - Organist Fund - Organ Fund |
Unrestricted Restricted Fund Funds £ £ 754 - 1,300 - - 364 111 - - - - 600 357 - - 193,203 - - |
2023 2022 Total Total Funds Funds £ £ 754 1,331 1,300 936 364 270 111 - - 271 600 60 357 280 193,203 359,961 - - |
2023 2022 Total Total Funds Funds £ £ 754 1,331 1,300 936 364 270 111 - - 271 600 60 357 280 193,203 359,961 - - |
|---|---|---|---|
| 2,522 194,167 |
196,689 363,109 |
||
| - - |
- - |
||
| 2,522 194,167 |
196,689 363,109 |
||
| Opening Income Balance £ £ 58,618 3,601 |
2023 2022 £ £ 54,879 45,713 (2,223) 9,166 |
||
| 52,657 | 54,879 |
||
| 25,109 Expenditure Closing Balance £ £ (2,522) 59,697 |
25,109 | ||
| £ £ 441 - - 268 4,664 - 29,517 194,951 |
£ £ - 441 - 268 (964) 3,700 (193,203) 31,265 |
||
| 34,622 195,219 |
(194,167) 35,675 |