2022-11-30-accounts - St Albans Cathedral Music Trust

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ees' annual report	3 —9
)endent examiner's report to trustees	10
ment offinancial activities	11
icesheet	12
~to the financial statements	13 —23

				Unrestricted	Designated	Restricted	Endowment
				Funds	Funds	Funds	Funds	Total
			Note	2022	2022	2022	2022	2022
				f.
Income and endowments
Donations				19,244			9,300	28,544
Legacies
Fundraising events				2,480				2,480
Charitable events
Investments				267	218	395	79,880	80,760
Total income				21,991	218	395	89,180	111,784
Expenditure
Grants for the benefit of			6	34,000			79,880	113,880
StAlbans Cathedral
towards music
Cost offundraising	events		4	784				784
Cost ofcharitable	events		5	82				82
Publicity, printing	and postage			798				798
Sundry expenditure				84				84
Independent Examination			fee	1,500				1,500
Total expenditure				37,248			79,880	117,128
Net income/(expenditure)				(15,257)	218	395	9,300	(5,344)
before gains/(losses)		on
investments
Net gains/(losses)	on				(6,237)	(4,873)	(222,045)	(233,155)
investments
Net income/(expenditure)				(15,257)	(6,019)	(4,478)	(212,745)	(238,499)
Transfer between	funds		10
Net movement in	funds			(15,257)	(6,019)	(4,478)	(212,745)	(238,499)
Reconciliation of	funds
Total funds brought forward				58,557	163,998	161,854	2,995,292	3,379,701	2,9'.
Total funds carried forward				43,300	157,979	157,376	2,782,547	3,141,202	3,:

ICESH	EETAS AT30 NOVEMBER	2022
			Total	Total
		Note	2022	2021
assets
.ments			3,005,375	3,228,930
nt assets
'I'S				3,692
term cash deposit investments			128,731	131,850
at bank			7,342	19,525
			136,073	155,067
nt liabilities
.OI'S			(246)	(4,296)
&rrent assets			135,827	150,771
mets			3,141,202	3,379,701
harity's	funds
vment	funds	10	2,782,547	2,995,292
ducted funds		11	157,376	161,854
nated funds		12	157,979	163,998
tricted	funds		43,300	58,557
funds		13	3,141,202	3,379,701

Donations
	2022	2021
tricted funds
a I donations	16,179	18,482
d	3065	3065
	19244	21547
vment funds
v a Day's Music	7,200	8,700
d	2 100	300
	9300	9000
3onations	28,544	30,547

Fundraising events income and expendi	ture
			Surplus/
	Income	Expenditure	(deficit)
it Procession and Dinner 2022	2,480	784	1,696
	2,480	784	1,696
corn paratives it Procession 2020	843		843
it Procession 2021	1,234		1,234
	2,077		2,077

5. Charitable events income	5. Charitable events income	5. Charitable events income	and expenditure
							Surpl
				Income		Expenditure	(def
2022
Patrons' Evensong						82
						82
2021comparatives
Young Musicians Competition						80	(
Patrons' Evensong Fayrfax Celebration					915	94 1,322	( (4
					915	1,496	(5
6. Grants for the benefit ofStAlbans Cathedral				towards	music
						2022	2(
Unrestricted funds
Cathedral music						6,000	6,(
Cathedral development	team					4,000	4(
Cathedral choir chaperone						10,000	5,(
Cathedral Girls Choir Tour						4,000
Cathedra I Choirs Concert						10000
						34000	15(
Designated funds
Cathedral Song School rehearsal			organ				9,(
Refurbishment of Cathedral		Song School					22
							11
Endowment funds
Endow a Day's Music Choristerships and Scholarships						18,551 61329	17, 59:
						79880	76
Total grants						113,880	124,:

2022	2021
3,228,930	2,788,474
9,600	14,700
(233,155)	425,756
3,005,375	3,228,930

				2021
.within	one	year
yments	and	accrued	income	3,692
				3,692

Creditors
		2022	2021
.within one year
als and deferred	income	246	4,296
		246	4,296

10. Endowment funds
2022			Balance	Movement in resources			Reval'n
			1Dec	Incoming	Outgoing	Transfer
			2021
The Endow a Day's Music Fund			690,025	27,851	(18,551)		(51,781)
The Ouseley Trust Fund			95,025	2,589	(2,589)		(7,186)
The Bassett Legacy Fund			50,081	1,272	(1,272)		(3,531)
The Laing Choristership			46,898	1,248	(1,248)		(3,463)
The Alban 2000 Fund			105,589	2,809	(2,809)		(7,799)
The Steel Trust Scholarship			54,987	1,463	(1,463)		(4,061)
The Pilling Trust Choristership			67,796	1,804	(1,804)		(5,006)
The Fraternity of Friends Fund			67,199	1,788	(1,788)		(4,963)
The Friends ofCathedral Music		Fund	66,954	1,781	(1,781)		(4,946)
The Wixamtree Trust Fund			64,594	1,718	(1,718)		(4,771)
The Kirby Laing Foundation	Fund		64,594	1,718	(1,718)		(4,771)
The Parnell Scholarship			63,087	1,678	(1,678)		(4,660)
The Pallant Trust Scholarship			64,986	1,729	(1,729)		(4,800)
The Leathersellers Scholarship			59,650	1,587	(1,587)		(4,406)
The Fraternity of Friends (Hunt)		Fund	58,238	1,549	(1,549)		(4,301)
The Steel Trust (No 2)Scholarship			53,327	1,419	(1,419)		(3,938)
The (John) Stocker Choristership			54,012	1,437	(1,437)		(3,990)
The Elles Carver Choristership			56,593	1,506	(1,506)		(4,180)
The Berryman Fund (Bowland Trust)			50,190	1,335	(1,335)		(3,708)
The Guy Whalley Choristership			53,121	1,416	(1,416)		(3,924)
The Atkinson Scholarship			59,723	1,589	(1,589)		(4,411)
The Hurford Scholarship			66,350	1,765	(1,765)		(4,901)
The Wixamtree Trust (No 2)	Fund		46,651	1,241	(1,241)		(3,445)
The Blossom Choristership			46,864	1,247	(1,247)		(3,461)
The Andrews Choristership			66,672	1,774	(1,774)		(4,924)
The Foxton Choristership The Rosecroft Lay Clerkship			75,746 130,011	2,015 3,459	(2,015) (3,459)		(5,594) (9,603)
The Fraternity of Friends (No 2)		Fund	67,302	1,790	(1,790)		(4,971)
The Griffiths Choristership			53,362	1,420	(1,420)		(3,942)
The Filkin Choristership			53,362	1,420	(1,420)		(3,942)
The St Ronan Choristership			54,783	1,457	(1,457)		(4,046)
The Freeman Choristership			53,632	1,427	(1,427)		(3,961)
The Mainstone Choristership			40,637	1,081	(1,081)		(3,001)
The Fayrfax Scholarship			99,251	2,640	(2,640)		(7,331)
The Oram Scholarship			45,992	1,224	(1,224)		(3,396)
The Salisbury Choristership			55,689	1,482	(1,482)		(4,113)
The Burton (Ford) Choristership			12,197	324	(324)		(901)
The Lois Scott Choristership			41,814	1,112	(1,112)		(3,088)
The Parkinson Choristership			38,308	1,019	(1,019)		(2,829)
			2,995,292	89,180	(79,880)		(222,045)

Endowment funds (continued)
comparatives	Balance 1Dec	Movement in resources Incoming Outgoing Transfer				Reval'n	Balance 30 Nov
	2020						2021
endow a Day's Music Fund	586,246	26,458	(17,458)		6,000	88,779	690,025
assett Legacy Fund useley Trust Fund ~ing Choristership ban 2000 Fund	82,327 43,842 40,778 91,809	2,503 1,230 1,207 2,717		(2,503) (1,230) (1,207) (2,717)		12,698 6,239 6,120 13,780	95,025 50,081 46,898 105,589
:eel Trust Scholarship	47,811	1,415		(1,415)		7,176	54,987
lling Trust Choristership aternity of Friends Fund iends ofCathedral Music Fund	58,948 58,429 58,216	1,744 1,729 1,723		(1,744) (1,729) (1,723)		8,848 8,770 8,738	67,796 67,199 66,954
'ixamtree Trust Fund	56,164	1,662		(1,662)		8,430	64,594
irby Laing Foundation Fund	56,164	1,662		(1,662)		8,430	64,594
smell Scholarship allant Trust Scholarship	54,854 56,505	1,623 1,672		(1,623) (1,672)		8,233 8,481	63,087 64,986
.athersellers Scholarship	51,866	1,535		(1,535)		7,784	59,650
aternity of Friends (Hunt) Fund ;eel Trust (No 2)Scholarship ohn) Stocker Choristership	50,638 46,368 46,963	1,498 1,372 1,390		(1,498) (1,372) (1,390)		7,600 6,959 7,049	58,238 53,327 54,012
les Carver Choristership erryman Fund (Bowland Trust) uy Whalley Choristership :kinson Scholarship	49,207 43,640 46,189 51,929	1,456 1,291 1,367 1,537		(1,456) (1,291) (1,367) (1,537)		7,386 6,550 6,932 7,794	56,593 50,190 53,121 59,723
urford Scholarship 'ixamtree Trust (No 2) Fund lossom Choristership andrews Choristership	57,691 40,563 40,748 57,971	1,707 1,200 1,206 1,715		(1,707) (1,200) (1,206) (1,715)		8,659 6,088 6,116 8,701	66,350 46,651 46,864 66,672
&xton Choristership osecroft Lay Clerkship	65,861 113,044	1,949 3,345		(1,949) (3,345)		9,885 16,967	75,746 130,011
aternity of Friends (No 2) Fund riffiths Choristership	58,519 46,398	1,732 1,373		(1,732) (1,373)		8,783 6,964	67,302 53,362
Ikin Choristership	46,398	1,373		(1,373)		6,964	53,362
t Ronan Choristership	47,634	1,409		(1,409)		7,149	54,783
eeman Choristership	46,633	1,380		(1,380)		6,999	53,632
lainstone Choristership ayrfax Scholarship ram Scholarship	35,334 86,298 39,990	1,045 2,554 1,183		(1,045) (2,554) (1,183)		5,303 12,953 6,002	40,637 99,251 45,992
alisbury Choristership urton (Ford) Choristership &isScott Choristership	48,421 10,605 36,357	1,433 314 1,076		(1,433) (314) (1,076)		7,268 1,592 5,457	55,689 12,197 41,814
arkinson Choristership	33,309	986		(986)		4,999	38,308
	2,590,667	85,771	(76,771)		6,000	389,625	2,995,292

11.	Restricted funds	Restricted funds
2022			Balance	Movement		in resources		Reval'n	Balan'
			1Dec	Incoming	Outgoing		Transfer		30 Ni
			2021						20~
Organ	Appeal	Fund	161,854	395				(4,873)	157,37
			161,854	395				(4,873)	157,37
2021	corn paratives		Balance 1Dec	Movement in resources Incoming Outgoing Transfer				Reval'n	Balan' 30 Ni
			2020						20'
Organ	Appeal	Fund	145,948	58				15,848	161,8E
			145,948	58				15,848	161,8.'

12. Designated	12. Designated
2022		Balance	Movement		in resources		Reval'n	Balan'
		1Dec	Incoming	Outgoing		Transfer		30 Ni
		2021						20:
Lyne Legacy Fund Salisbury Legacy Fund		129,171 34,827	177 41				(4,873) (1,364)	124,4 i 33,5(
		163,998	218				(6,237)	157,9l
2021corn	paratives	Balance 1Dec	Movement in resources Incoming Outgoing Transfer				Reval'n	Balan 30N
		2020						20'
Lyne Legacy Fund		113,297	26				15,848	129,1i
Salisbury	Legacy Fund	62,889	41	(32,538)			4,435	34,8:
		176,186	67	(32,538)			20,283	163,9!

Analysis	ofnet assets betwe	en funds
		Unrestricted	Designated	Restricted	Endowment
		Funds	Funds	Funds	Funds	Total
		2022	2022	2022	2022	2022
;ments			125,092	97,736	2,782,547	3,005,375
)I'S
term cash	deposit investments	36,204	32,887	59,640		128,731
at bank		7,342				7,342
:OIS		(246)				(246)
net assets		43,300	157,979	157,376	2,782,547	3,141,202
corn paratives		Unrestricted	Designated	Restricted	Endowment
		Funds	Funds	Funds	Funds	Total
		2021	2021	2021	2021	2021
tments			131,327	102,611	2,994,992	3,228,930
)IS		3,392			300	3,692
term cash	deposit investments	40,936	31,671	59,243		131,850
at bank		18,525	1,000			19,525
tors		(4,296)				(4,296)
net assets		58,557	163,998	161,854	2,995,292	3,379,701

14. Analysis	of prio	r year co	mparative statem	ent offinancia	l activities be	tween funds
			Unrestricted	Designated	Restricted	Endowment
			Funds	Funds	Funds	Funds
			2021	2021	2021	2021
Income and endowments
Donations			21,547			9,000
Legacies			18,000
Fundraising events			2,077
Charitable events			915
Investments			27	67	58	76,771
Total income			42,566	67	58	85,771
Expenditure
Grants for the benefit of			15,000	32,538		76,771
StAlba ns Cathedral
towards music
Cost offundraising	events
Cost ofcharitable	events		1,496
Maintenance of Hurford		Organ
Publicity, printing	and postage		534
Sundry expenditure			272
Audit fee			2,640
Total expenditure			19,942	32,538		76,771	1i
Net income/(expenditure)			22,624	(32,471)	58	9,000
before gains/(losses)		on
investments
Net gains/(losses)	on			20,283	15,848	389,625	4:
investments
Net income/(expenditure)			22,624	(12,188)	15,906	398,625	4:
Transfer between	funds		(6,000)			6,000
Net movement in	funds		16,624	(12,188)	15,906	404,625	4:
Reconciliation of	funds
Total funds brought forward			41,933	176,186	145,948	2,590,667	2,9!
Total funds carried forward			58,557	163,998	161,854	2,995,292	3,3