## 

## 

# 



|ees' annual<br>report|3 —9|
|---|---|
|)endent examiner's<br>report to trustees|10|
|ment offinancial<br>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<br>events||||2,480||||2,480||
|Charitable<br>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<br>music||||||||||
|Cost offundraising|events||4|784||||784||
|Cost ofcharitable|events||5|82||||82||
|Publicity,<br>printing|and postage|||798||||798||
|Sundry expenditure||||84||||84||
|Independent<br>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<br>in|funds|||(15,257)|(6,019)|(4,478)|(212,745)|(238,499)||
|Reconciliation of|funds|||||||||
|Total funds brought<br>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<br>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<br>it Procession 2020|843||843|
|it Procession 2021|1,234||1,234|
||2,077||2,077|





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



## 

|||||2022|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.<br>Endowment<br>funds||||||||
|---|---|---|---|---|---|---|---|
|2022|||Balance|Movement<br>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<br>of Friends<br>Fund|||67,199|1,788|(1,788)||(4,963)|
|The Friends ofCathedral<br>Music||Fund|66,954|1,781|(1,781)||(4,946)|
|The Wixamtree<br>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<br>Scholarship|||59,650|1,587|(1,587)||(4,406)|
|The Fraternity<br>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<br>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<br>Scholarship|||59,723|1,589|(1,589)||(4,411)|
|The Hurford<br>Scholarship|||66,350|1,765|(1,765)||(4,901)|
|The Wixamtree<br>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<br>Choristership|||66,672|1,774|(1,774)||(4,924)|
|The Foxton Choristership<br>The Rosecroft Lay Clerkship|||75,746<br>130,011|2,015<br>3,459|(2,015)<br>(3,459)||(5,594)<br>(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<br>Choristership|||53,632|1,427|(1,427)||(3,961)|
|The Mainstone<br>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<br>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<br>Choristership|||38,308|1,019|(1,019)||(2,829)|
||||2,995,292|89,180|(79,880)||(222,045)|





|Endowment<br>funds (continued)||||||||
|---|---|---|---|---|---|---|---|
|comparatives|Balance<br>1Dec|Movement<br>in resources<br>Incoming<br>Outgoing<br>Transfer||||Reval'n|Balance<br>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<br>useley Trust Fund<br>~ing Choristership<br>ban 2000 Fund|82,327<br>43,842<br>40,778<br>91,809|2,503<br>1,230<br>1,207<br>2,717||(2,503)<br>(1,230)<br>(1,207)<br>(2,717)||12,698<br>6,239<br>6,120<br>13,780|95,025<br>50,081<br>46,898<br>105,589|
|:eel Trust Scholarship|47,811|1,415||(1,415)||7,176|54,987|
|lling Trust Choristership<br>aternity of Friends<br>Fund<br>iends ofCathedral<br>Music Fund|58,948<br>58,429<br>58,216|1,744<br>1,729<br>1,723||(1,744)<br>(1,729)<br>(1,723)||8,848<br>8,770<br>8,738|67,796<br>67,199<br>66,954|
|'ixamtree Trust Fund|56,164|1,662||(1,662)||8,430|64,594|
|irby Laing Foundation<br>Fund|56,164|1,662||(1,662)||8,430|64,594|
|smell Scholarship<br>allant Trust Scholarship|54,854<br>56,505|1,623<br>1,672||(1,623)<br>(1,672)||8,233<br>8,481|63,087<br>64,986|
|.athersellers<br>Scholarship|51,866|1,535||(1,535)||7,784|59,650|
|aternity of Friends (Hunt) Fund<br>;eel Trust (No 2)Scholarship<br>ohn) Stocker Choristership|50,638<br>46,368<br>46,963|1,498<br>1,372<br>1,390||(1,498)<br>(1,372)<br>(1,390)||7,600<br>6,959<br>7,049|58,238<br>53,327<br>54,012|
|les Carver Choristership<br>erryman<br>Fund (Bowland Trust)<br>uy Whalley Choristership<br>:kinson Scholarship|49,207<br>43,640<br>46,189<br>51,929|1,456<br>1,291<br>1,367<br>1,537||(1,456)<br>(1,291)<br>(1,367)<br>(1,537)||7,386<br>6,550<br>6,932<br>7,794|56,593<br>50,190<br>53,121<br>59,723|
|urford Scholarship<br>'ixamtree Trust (No 2) Fund<br>lossom Choristership<br>andrews<br>Choristership|57,691<br>40,563<br>40,748<br>57,971|1,707<br>1,200<br>1,206<br>1,715||(1,707)<br>(1,200)<br>(1,206)<br>(1,715)||8,659<br>6,088<br>6,116<br>8,701|66,350<br>46,651<br>46,864<br>66,672|
|&xton Choristership<br>osecroft Lay Clerkship|65,861<br>113,044|1,949<br>3,345||(1,949)<br>(3,345)||9,885<br>16,967|75,746<br>130,011|
|aternity of Friends (No 2) Fund<br>riffiths Choristership|58,519<br>46,398|1,732<br>1,373||(1,732)<br>(1,373)||8,783<br>6,964|67,302<br>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<br>Choristership<br>ayrfax Scholarship<br>ram Scholarship|35,334<br>86,298<br>39,990|1,045<br>2,554<br>1,183||(1,045)<br>(2,554)<br>(1,183)||5,303<br>12,953<br>6,002|40,637<br>99,251<br>45,992|
|alisbury Choristership<br>urton (Ford) Choristership<br>&isScott Choristership|48,421<br>10,605<br>36,357|1,433<br>314<br>1,076||(1,433)<br>(314)<br>(1,076)||7,268<br>1,592<br>5,457|55,689<br>12,197<br>41,814|
|arkinson<br>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<br>1Dec|Movement<br>in resources<br>Incoming<br>Outgoing<br>Transfer||||Reval'n|Balan'<br>30 Ni|
||||2020||||||20'|
|Organ|Appeal|Fund|145,948|58||||15,848|161,8E|
||||145,948|58||||15,848|161,8.'|



|12.<br>Designated|12.<br>Designated|funds||||||||
|---|---|---|---|---|---|---|---|---|---|
|2022|||Balance|Movement||in resources||Reval'n|Balan'|
||||1Dec|Incoming|Outgoing||Transfer||30 Ni|
||||2021||||||20:|
|Lyne Legacy Fund<br>Salisbury<br>Legacy Fund|||129,171<br>34,827|177<br>41||||(4,873)<br>(1,364)|124,4 i<br>33,5(|
||||163,998|218||||(6,237)|157,9l|
|2021corn|paratives||Balance<br>1Dec|Movement<br>in resources<br>Incoming<br>Outgoing<br>Transfer||||Reval'n|Balan<br>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.<br>Analysis|of prio|r year co|mparative<br>statem|ent<br>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<br>events|||2,077|||||
|Charitable<br>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<br>music||||||||
|Cost offundraising|events|||||||
|Cost ofcharitable|events||1,496|||||
|Maintenance<br>of Hurford||Organ||||||
|Publicity,<br>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<br>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|



##