ALI
RY
ATHEDRAL CHOIL4L FOUNDATION
RT
FTHETR
TEE
AND
STATEMENT OF A
COUNT
NT
Trustee, Officers and Advisers
Trusiee's Report
Independent Examinerfs Report
Statement of Financial Aclivitics
Balance Sheel
Noles to the Accounts
Income and Expenditure Account
7-12
13

ALI
RY
ATHEDRAL CHORAL FOUN'DATIO
REGISTERED CHARITY INUNL IBER 1058899
I'iu%ltt'.
Salisbuiy Caihedi'al
AddreN¥:
6 The Close, Saliibury, SPI 2EF
Iiidepei)deni Exainiiiei.:
Haysmac LLP
l O Queen Sireei Place. Londoii, EC4R I AG
Solicilors..
Parker Bullei)
45 Casile Sireel. Salisbury. SP13SS
Bai)kei'%',
Lloyds Bank plc
38 Blue Boar Roiv. Sali%b(Iry, SP I I DB

Pa
ALISBURY CATHEDRAL CHORAL FOUNDATI
TRUSTEE'S RE
FOR THE YEAR E
Legal Status
The Foundation is a regi￿¢re￿ charity number 1058899. 11 is r¢gulated by a Deed ofTnJst dated 30th October
1996, Under th¢ Trnst Deed the TNsiee of ihe Foundation is Ihe Corporation of Salisbury Cathedrnl. The Trust
Deed 8iv¢s the T￿$¢¢¢ complete discretion over the Foundation'5 inveslmenls.
Objectlves and aetlvlile$ (or ihe publi¢ benef1¢
The principal objective of the Charity is the promolion and enhancement of Church Music irb Salisbury Cathedral.
The Trnstee has referred lo the guidance con￿lned in ihe Charity Commission's general guidance nn public
benefit when reviewing the Foundaiion's hims and objeciives and in planning fulure activities and setting the
grant making policy foT the year.
The FoundRiion achievw ils objeclive by applying its in¢orn¢ 10 assisting choristers with their fees at Salisbury
Cathedral School and promoting Ihe Caihedral Choirs generally.
Fundlne Polieles
The Found81ion's published policy is to establish aft endowment fund to provide income to enable it to
Provide scholarships ond bursaries for Salisbury Cathedral choristers. Capi181 donations. which are mad¢ lo
the Foundaiion on this basis, are therefo￿ added to th¢ Endowment Fund.
OrKAnIs￿lI0ll
Th¢ Ch4plcr of Salisbury Cathedral, as the executive b(MJy of the Corporale T￿81¢¢, meet from time lo
lim¢ as Trusiee of the Foundation.
Truslee's Reiponslblllty for the Prepiratlon of Aeeounts
Charity Law requires the Trusi¢e lo pr¢pare financial statements for each finuniial year which give a true and
fair view of ihe slat¢ of affairs of the ¢hariiy and of ils finan¢ig1 a¢tivili¢S for that pericrtl. In prewarin8 those
financial siatemertts the Trnsiee is required to..
l ) Select suitable Accouniing policies and ihen apply Ihem consistently.
2) Make judgements and cstimatcs Ihai are reasonable and prudcnl.
3) Follow appliLabl¢ a￿u￿nting standards, subjeci to any m&lerial departures disclosed and explained in
the ac¢ounls.
4) Prepare ihe accounts on the going ¢on¢¢rn blsis unless it ig inappropriaie lo assume Ihal lh¢ Fund
will continue (o funciion.
5) Observe the methods and principles in the ChBrities SORP.
The Trustee is responsible for keeping proper accounting record5 which dis¢los¢ with reasonable accuracy
ai afty time the fsnancial position of the ¢hariiy and lo enobl¢ il lo ￿SUre that the financial slatemenis ¢omply
with lh¢ Charities Act 2011, all current statulory requiremenis, th¢ ¢harities governing document, and Ihc
requirements of the revised statement of recomincndcd practicc. Thc TNs(¢¢ is also responsible for takiftg
reasonable steps for the prevention ond detection of fraud or other iTregularilies.
Investment Powerg, Pollcy and PerformAnce
The TNsi¢c ha5 th¢ 8uthority to invest ihe Trnsl Fut)d in the pur¢has¢ of ￿ al interest on the secuTity ofsuch
sl(Kks, funds, shares, securitie5 OT other investments or property of whatever nature and wherever situaied
a$ the Trusiee in iheir absolute discretion ihink fit to thc inicni thai the TNsi¢e shall havv th¢ sarn¢ full and
unrestricied powers if invesiing and Iransposing invesiinenls as if they were beneficially ¢nliil¢d lo the
TN5t Fund.
The Twsiec's poli¢y is to inves( the Foundaiion's capilal in chariiable Common investment funds. in a
mixlure of funds based on both equities and fixed-interest st￿kS Th¢ objective is to obtain a relatively high
level of income while still allowing for the possibility of capital gr0￿h, subjecr lo a m¢diuin degre¢ of risk.
In the 12 months to 3 Isi March 2025 the Choral Found8lion portfolio had a total reiurn
(in¢ome plus Capital) of minus O. I OO/'. This COTnpare5 with relurns from UK equities* of10.479
from overseas equities** of 4.48Yo, and from fixed inter¢si*** of minus .1.82 9,0.
Sources * MSCI UK Index; **MSCI World ex UK Index: •**Markil iBoxx £ Gills Index
Truste¢ Remuneratlon And Expenses
Neither the Trustee nor any persons connccied with them r¢¢¢ived any remuneration in the yeur.

SALISBURY CATHEDRAL CHORAL FOUNDATION,
TRUSTEE'S REPORT
CONTINUED
R THE I'EAR EN'DED 31si NIAR
H202
Rlsk Ilana¥emenl
The trustee has assessed (lie Tknajor risks to ii'hich the ¢haril}' is e.xposed. in pariicular tliose relaied 10 The
operations and fit)aiices of Ilie Twsi. and Is satisfied thai systems ar¢ in place 10 Iniiigaie Ilic chariiy's
e%posure 10 rhe Inajor risks.
Our Approaf h to Fundralslns actii'itios
The irusiees are pleased io coiifinn Ilie folloii'ing..
The fundraising approa¢h iak¢n bv Ihe charity is to raise funds from priiale doiKsrs or Irwsis to
support Ihe objeciii'es of Ihe foundation. Currenily the irusltts liai'e no plans 10 retaiti a professioiial
rundraiser or comniercial partieipaior 10 assisi ¥i'iih Iliese fuiKlraisiiig aciil iiies
The I￿$1¢¢$ are pursuii)g r¢gisiration li iih the Fundraisiiig Rcgulaior and ii'ill look ¢0 adhere lo
Ihe praciice Iliis bods. recoiniilends In addilloll 10 xdheri118 10 guidaiiLe issued b} the Cllarily
Conimissior)
Tlie INsiees hai e liad Iio Incideiiis of failure by rhe foundaiion. or by aiij. persoii aciing on lis behalf.
10 conlply li lili fundraising siandards.
Siii¢¢ lh¢ Iru%iees li¥%¢ Not retained aiiy per50Th aciii)B on ils belialf iio iiioiiiioni)g of fuiidraisiiig
aciiiities by Ihird panies Is currently tsnden&ken.
Tlie Twsiees did noi r¢¢ei%'e In Ilie vear reponed aiiy complaiiils receiled about lis fundrai$in8
acfll Ify.
The INsitts seek lo proieLI i uliierable pvuplc Olher meiiibeTS of the publi¢ by adhering to
good praciicc aiid ii'orking li iih the Cathedral b> ¢oTI)pls'inll i¥'iil) daia PT1% a¢y requirenieiiis 10
eiisure Ihai fuiure ful￿raISIn¥ ei enis i¥ill be saf¢¥uhrded froiii b¢haiiour wl)i¢h'.
Is an unreasonable iniNsiort 011 g p¢rson'$ pri¥"a¢y
Is unreasoliably persistent. ai
Pla¢¢s undue pressure on a person io giie iiioiKy or oiher propeny
Rel lem of Acili'ltlos
Tlie Cl￿ra1 Foundalion coiiiinued 10 use lis iiii'esinieni income to fund bursarie5 10 5UPPOrt ¢I￿rI$l¢rS ai
Salisbury Cathedral. Duriii¥ this financial year the Choral Foundation also proi'ided suppon M'ill) o $rai)(
to%%'ards ihe chorisieT iulor.
At Ilie eiid of Il)is fiiiaiicial y¢ar aiid spaiining Iiilo Ilie 20?5'?6 fiiiai)cial year, Salisb￿ry Cailiedral Clioir uiidenook
successful tour to Ihe Neiherlaiids. Tlie iour iniolied 30 people lof li hicli ?Q iiere chorisiersl and included a
series of liiur¥ical al￿ coi)cen engageii)enis across fil'e Ciiies. Tlie iour li as funded Ihrougli parei)ial
fundraisiiig And coniribuiions. ii'ith any sliortfall 11)¢i by Sili5bur)' CaihedTal Chapier.
R¢%'ltM' of FinAntial Tran$actions Bnd Posltlon
Diiiiii¥ ihe year doiiaiiotts. l¢¥Jcic*. i'uluiiiiiry coi)Iributions &iid ii)ie%rineni incoinc ainounicd 10 £406.5?11
i?0?4 £191.6141. A toial of Ll 36.9¥7120?4 £111,241 I w'as ￿pell$ on scholJr%hips Jnd biLfsi1rie$,
Thc cndoivm¢nt hinds de¢r¢8s¢d by £?4.!36120?4 £41.84? iiicreasLI, iaking inio 1¢ ccouni unrLialised lo%yes
on Ini'esimenis. Ivhil$i lh¢ income hinds Iii¢rCi￿(I by £137.0?0 I?0?4 £5,303 dccrca%cl. rctleciin¥ Ihe coniii)uinK
siippon ofihe chori$iers.The Foundation'4 nct ul thc ciid ot. thc year loldlled E I,n13,98112024 £901,197)
0(￿,h1¢h £534,085 1?0?4 L5.$8.3?1 I ii'ere held as eiidoii'e(l tiinds and llrc fftoi a%'ailiibl¢ io gpeiid
Future Plwn5
The Foundation i%'ill conlinue lo raise funds lo proi'ide chorister bursaries. io fund choir iours ii.hen Il*se
lake place and to Promote inusic in Salisbury Caihedral Iiiore 8eneralls'.
Signed b¢holf of lh¢ TnJsre¢
Chapier Clerk
Dale=
11 Oc>*
?0?5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE OF
SALISBURY CATHEDRAL CHORAL FOUNDATION
FOR THE YEAR ENDED 31st MARCH 2025
I report to the Trustee on my examinalion of the accounts of the Charity for the year ended 31 March 2025,
which are sel out on pages 5 10 1
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's Truslce you are responsible for lh¢ preparation of th¢ ￿COUn1$ in oceordan¢e with the
rcquiremen15 of ihc Charities A¢1 2011 {"Ihe Acl").
I report in respect of my examinalion of the Trustee's accounts carried oul under section 145 of Ihe 2011 Act and
in carrying out my cxaminalion I have followed all Ihe applicable Directions given by the Charily Commission
under section 145 {5) (b) of the 2011 Aci.
INDEPENDENT EXAMINER'S STATEMENT
I havc compl¢l¢d my examination. I confirm Ihal no material matters have Come lo my allention in connection
with Ihc cxaminaiion giving rne cause to believe that in any material respeci,.
(l ) accounting records were not kept in respect of the Charity a5 rcquircd by section 130 of the Act: or
(2) the ￿COuntS do nol ￿cOrd with those rKords; or
(3) the accounts do not comply with the applicable requirements concerning the form and ¢on¢eni of 8¢¢ouni$ set
out in the Charitie5 (Accounls and Reports) Rcgulalions 2008 other than any requirement that the ac¢ounts give a
"Iruc and fair view" which is not a malter considered as part of an independent examination.
I have no concern5 and have come acros5 no oiher mallers in connection with the examinalion lo which allenlion
should be drawn in this report in order 10 enabl¢ a proper urtderstanding of the aecounls 10 be Teached.
Lee Stokes FCA
Haysmac LLP
l O Queen Streei Place
London
EC4R IAG
D￿c. 9 December 2025

Pa
SALI
RY CATHEDRAL CH
RALF
STATENIEINT OF FINI ￿NcIAL ACTII'ITIES
FOR THE I'EAR EYDED 31st li IARCH 2025
Uiiresiricted Resiricied Endoivment
Funds
Fuiid4
Toial
?0?5
T(Aal
?0?4
Income and endoivments froni:
Doiialions. le&yacie% and bJrani%
l.-und-rai%in&i eveilt
Iii% L%lmLiiI ii?come
235.421
77.175
66.070
301.441
77.175
?7.91?
108.428
61,567
21.6?0
olal incon)e
325.265
406,5?8
191,614
Expenditure on:
Custs 0( income 8eneratAon
Fundrai%ing CONI
Mana&yemeni Fee¥
24.315
764
902
25.217
5.92?
25,285
7,827
5.158
?5.079
90?
5.158
31.139
33,11?
ChArltable a¢tli'l¢les
Scholar41)ip4 and bur%arie
Clioir Tour
Chorisler costs
Muiic commi%%ion
Independeiii examination fee
15.036
17.2?4
60.514
1?1.951
?2.915
136,987
40.140
60,514
1.500
1.560
1.925
63.3?3
1.500
1.560
1.340
92.774
147.926
240.701
177.829
Total expenditure
117.854
148,828
5.158
?71.840
210.941
Net Inconie l (expendlturt) before
gains ind1055es on ini'estments
?07.411
167,565)
(5.158)
134.688
{19.3?7)
NET CAILYSI(LOSSES) ON IINV ESTIllENTS
Unrealiscd pi'ofiis'"(105se%> on invc4lmenls
(2,826)
(19,078)
(21.904>
55.866
Nel income l (expenditure)
204.586
(67.565) {24,236)
112.784
36.539
Transftrs betth'een fuiids
Net moi'ement in fundi
204,586
(67,565)
(?4,?36)
36.539
Fund balances ai l April 2024
263,434
79,44?
558.321
901.197
864.658
Fund balances at J I li lar¢h 2025
£468.020
El 1,877 E534.085 £1,013.981
£901,197

ALISBURY CATHED
BALANCE SHF.ET
AS AT 315t MARCH 20
ND
Tl
Unre51ricied Restrict¢d
Funds
Funds
Endow¢d
Funds
Tolal
2025
Note
2024
FIXED ASSETS
Investments
72,318
11,877
534,085
618,281
646,107
CURRENT ASSETS
Debtors
Cash at bank
115.253
282.737
397.990
115.253
28,566
282,737
297,166
397,990 325,732
CREDITORS: AmDunts fAllln8 due
wlthln one year
2,290
2,290
70,643
NET CURRENT ASSETS
395,700
395.700
255.090
TOTAL NET ASSETS
£468,019
£11.877
£534,085
£1.013,981
£901.197
Rweseniing..
ENDOWMENT FUNDS
Scholarship and Bursary Fund capital
Music Commissioiling Fund Capital
517,522
16.563
534.085
517,522
16,563
534,085
541,007
17,314
558,321
RESTRICTED FUNDS
Scholarship and Bursary Fund Income
Music Commissionin8 Fund In¥ome
Choir Tours Fund
63,470
12,905
3,067
79.442
11,877
11,877
11,877
11,877
UNRESTRICTED FUNDS
General Fund
468.020
468.020
263,434
£468.020
£11,877
£534,085
£1,013,981 £901,197
Signed on behalf ofihe truslee
Clw)ter Clerk
Approved by Chapter..

SALISBURI. C.4THEDRAL CHORAL FOUYI DATIOL
TES TO THE ACCOUNTS
AS AT 3Jst IARCH 2025
ACCOUI)TING POLICIES
Basis o( Accounting
The account.s have been prepared in accordance with Ihe Charities Aci 201 l. Ilie Sialemeni of
Recommended Praciice on Accounting and Reporting by Charitie% applicable lo charities
preparingi their accouiir.s i n accordance iviih the Financial Reporting Siaiidard applicable in the UK
nd R¢piiblic of Ireland (FRS I O?) leffeclii'e January 2019).
Salisbury Cathedral Clioral Foundation mee15 Ihe definiiion ora public benefii eniiiy under FRS I O? A%%ei%
?iid liabilitie£ are initially recogni%ed al hi%lorical co%1 or Iran%a¢tion value unle5% slated in Ihe relevaiil
accounting policy noie.
PrepAratlon of the Aeeounts on A going concern b&51S
The ihiSrily 1% a biraiii makiiiLY Iru%l. Iviill a ii&¥ni ficaiil ii)veslineiil portfolio and cash reserve4. The Chariiy has
a loiv level of overliead4 aiid Inake% di.%crelionary bTranl%. The Trusltt 1.% ¢oiifidenl Ihal Ihc charity 14 a going
concern.
In%'eslments
Iiive.%lmenls are %laled <71 Inarkei value and Ihe unrealised gain.% ari%ing in the year are cr¢diled to the fund5
11) Ivliicli Ilie inveslineiii% are h¢ld.
Income and expenditure
Ii)come and expenditure are accounted for on the accrual% basil. Liabilities are recounised when a legal
or consiruciive obligation 10 transfer economic benefi14 ai'i%e% a% a re%uli of pa%[ transa¢iioM% or events.
Scliolarships and biir%arie% are accouiiled for al Ihe .%lail of Ihe ichool lerm 10 which they relaie.
liicome tax
Income lax recoi'ei'able is accounted for ai Ihe %ame lime as tlie rclaled nel income
Res¢rlc(ed Ind endoii'nient funds
Money% held oil specific Iru.s1%, including permanent endoii'meiii. ii'iihin rhe geiieral objeci.s of the
Fouiidaiion, are idenlified 4eparalely aiid %lioi¥'n a.% re%(ricted or eiidowmeiil fund%.

SALISBUR Y CATHEDRAL CHORAL FOUNDATION
NOTES TO THE ACCOUNTS
AS AT 31st MARCH 2025
INVESTMENT INCOME
31st Mareh
31st March
2024
2025
Dividends on collective investments
Interest income on deposiis
17,500
10,412
£27,912
19,394
2,226
£21,620
SUPPORT COSTS
Independent exarnination (govemance)
1,560
1.340
£1.560
£1,340
Support costs are incidenlal to the operation of the charity and are allocatcd io the
Bursary and Scholarship Fund.
INVESTMENTS
Scholarship
and Bursary
Fund
Music
comrni55ioning
Fund
General
Fund
Total
Markd value at l April 2024
Realised Gains
Unrealiscd gainsl(losses) in year
Management fees
Transfcr between funds
83,348
557,305
5.454
646,107
(2,826)
(764)
(7.440}
(18,487)
(16,988)
(4,308)
(591)
11,830
11,748
(21,904)
(5,922)
Markel value al 31 March 2025
£72,318
£517,522
£28,441
£618,281
Cost al 31 March 2025
£69,973
£457,806
£14,645
£542.424
Cost at 31 March 2024
£69,973
£457,806
£14,645
£542,424
31st March
2025
31st March
2024
The inveslmenl portfolio was made up as follows:
CCLA
618,281
646.107
£618,281
£646,107

SALISBURI.
THERAL CHORAL FOUNDATION,
TO THE ACCOUNTS
ASAT
Is
Il$1 14y¢h
2024
2025
DEBTORS
Salisbury CiTrthLxlral Entery)ri%e
Salishury Cathl￿ra1
InLOI)IL ia¥ reio¥¢rablL
Suiidry DLbii)r5
3.()1)11
103.751
2.()93
4.850
71.354
4.8iO
£115.?53
£?8,566
CREDITORS: Amoun1$ falling due Mlthln one lear
Salisbury CaihLxlrtsl
Saligbur>' CathL'ilrdl Sihcxil
Sali%bury CJihLxlral Girl LhoriAILr.s FurKI
ALLrnal
68,713
730
1,560
730
£70.643
EYDOW'II IENT FUNDS
Bur%4ry 41n
SLh()lai'sliip
Fun(1
nd1II4'1)IL'nt
Mu%iL
Fuii(I
iidi)¥l'lllL'n(
otgl
BalanLL UI l April ?0?4
541.007
17.314
558,321
RL'uli%cd Guiii
UiirLiIIi.%Ld ¥#i1is'iIc)4￿II
man￿sLIm￿ni leL's
(111.4871
119.07111
15,1581
116ni
BoliiniL' at 31 IMarL'lI ?11?5
L$17.5?1
£16,563
£534.085
517,5??
16.563
534,Q85
£517.5??
16.563
£534.085

Pa
SALISBURY CATHERAL CHORAL FOUNDATION
NOTES TO THE ACCOUNTS
CONTINUED
AS AT 3151 MARCH 2
ENDOWMENT FUNDS- COMPARATIVE NOTE
Bursary and
Scholarship
Fund
ndowmenl
Music
Commissioning
Fund
E"ndowrneni
l olal
Balance at l April 2023
Realised Gain
Unre8lised gains/(losw)
Management fees
500,462
16,017
516,479
47,151
(6,606)
1,508
(211)
48,659
(6,817)
Balance at 31 March 2024
£541007
£17,314
£558 321
Represenlcd by..
Investments
541.007
17,314
558,321
£541,007
£17,314
£558 321
RESTRICTED FUNDS
Bursary and
Scholarship
Fund
Income
Music
Commissionin8
Fund
Income
Choir Tours
Fund
Total
Balance at l April 2024
Oihcr colleciions
Income
Transfer from unrestricted funds
Expenditure
Unrealised gains1(losses)
63,470
12,905
3,067
79,442
60,040
473
20,750
81,263
(123,510)
(1,501)
(23,817)
(148,828)
Balan¢¢ at 31 March 2025
£0
£11877
£0
These funds consist of moneys held on spccifi¢ Irusls within the objects of Ihe Foundaiion, as follows:
Scholarship and Bursary Fund - income of the Scholarship and Bursary Endowmeni Fund. which
is lo be used lo pay for scholarships and bur5aTICS for choristers;
Music Commissioning Income Fund - income of ihe Music Commissioning Endowment Fund,
which is lo bc us¢d lo ¢ommission new music for use in Cathedral Krvices;
Choir TOUTS Fund - donaiions specifically to assisl wilh funding choir tours.
RESTRICTED FUNDS - COMPARATIVE NOTE
Bursary and
Scholarship
Fund
Income
Music
Commissioning
Fund
Income
Choir Tours
Fund
Tolal
Balance at l April 2023
Income
Tr2nsfer from unr¢slricl¢d funds
Expenditure
72,183
103,868
12,381
524
84,564
109,384
4,992
(112,581)
(1,925)
(114,506)
Balance ai 31 March 2024
£63.470
£12,905
£3.067
£79,442

SALISBURY CATHERAI. CHORAI. Fouf*DATIO.N
NOTES TO THE ACCOUNTS
CON'TIINUED
ASAT
I t.NIARCH 2025
UNRESTRICTED FU￿,Ds
Balance at
Gains.'(lo%ses)
nd transfers
Balance ai
31 st March ?0?5
'[ A ril ?024
Income
endilure
Geiieral fund
263.434
3?5,265
(117,854)
(?.8?6)
468.020
Tolal
L263.434
L325,265
(1117,8541
l L2.1126
L468.020
IYRESTRICTED FUNDS- CONI IPARATIVE YEAR
Balai)ce al
151 A ril ?U?3
Gain%l(10%4e%l
and Iransler.
Balance al
In¢ome
endiiure
General fund
?63.615
8?,231
189.618)
7.207
263.434
-rola1
£263,615
1%2,231
IL89,6181
L7.?07
L?63.434

e l2
ATHEDRAL
RALF
NDATI
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31st MARCH 2024
10. PRIOR YEAR CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES
Unresiricied
Funds
Resiricied
Funds
Endowmeni
Funds
Total
2.024
Ineome *nd endowments from:
Donations and legacies
Fund-raising evenis
Invesimeni income
19.584
57.919
4,728
88,844
3.648
16.892
108.428
61,S67
21.620
TotAI Income
82.231
109,384
191,614
Expendlture on:
Costs of Income g¢ner4llon
Fundraising costs
Man8gemenl Fees
25,285
1,010
25,285
7,827
6,817
33,112
Charliable *ellvltles
S¢holaTShips and bursaries
ChoirTour
Chorister cost5
Music commission
Independenl cx8minalion f¢¢
111,241
1.925
63,323
1,925
63.323
1,340
1.340
114506
177829
Total expendlturé
89.618
114,506
6,817
210,941
Net In¢ome l (expendltur¢) b¢f•r¢ gilni And
o¥se5 on Investment5
(7.3881
(5.122)
(6,817)
(19,327)
NET GAINSI{LOSSES) ON INVESTMENTS
Unrealised profilsl( losses) on investments
R¢alis¢d profi1￿(]0$$¢$) on inv¢sim¢nis
7,207
48,659
55,866
Net In¢ome l (expendlture)
(181)
(5.122)
41,842
36.539
Transfers between funds
Net movement In (undi
5.122
41,842
36,539
Fund b4lAn¢e$ At l Aprll 2023
263,615
84,564
510.479
864,658
Fund balances at 31 mA￿h 2024
£263,434
£79.442
£558.321
£901,197

e13
DETAILED IIYCONIE AND EYPEYDITURE ACCOUNT
AT31st IIAR
Year LiidLd
31 st fvlarLh >ll?5
YL£2f l￿dcd
31 %t IMarLh ?U24
GEf*ERAL FVND
Income
31,125
?IH,296
1.8(Al
1?.669
Doiiaiions
Fundra151ng inLC)III¢
19,584
3.210
4.728
249.fj50
27.522
ETLpendlture
i us1¥ & MLdiil Purlhas
Fund rui%in¥ L(l.%t
Granl li)r Llii)riNILr futiir adinini%lrtiliiiii
24.315
60.514
764
63.323
85.593
64.333
{DL'IILiII , Surplu
164.357
136.¥11)
BURSARY AND SCHOLARSHIP FUND
Ineome
78,!70
14.7711
43.n40
15.750
16,368
ExPendIt￿re
anJblLllILI)I FLX'¥
().6116
1,340
1.5(?0
128.509
19.187
(DeliLii) Surplu*
l85,4fj9)
(87.069)
,%IUSIC COI%lNIISSIONIIYG FUND
Income
LL'¥FIL
Di)iiation%
Ini'L*illlVlii Incoiii¢
473
524
473
524
Eipendlture
man&￿L￿)ll1[ FLL
1,660
{Delicitl ' Surplus
{1 187)
31?
CHOIR TOURS FUND
In¢ome
thii)aiioiis
Fundraising inc()niL'
Ini'L'.%iinLni InLoiiiL
?1).75
1.344
3.648
4.997
Exp¢nditure
Fundrai%ing eX￿n￿L.
Cu.%ts 1)I' tiTrurs
902
22.915
1,925
23.817
IDL.IILi(I ' Surplu
(3.067)
3.(K)7
su￿1￿5 l (DLlicil} (Mi Inci?IllL Funds