2021-08-31-accounts

RegisteredandPrincipaloffice	WellsCathedralSchoolLimited
	CollegeRoad
	Wells
	Somerset
	BAS2SX
Bankers	NationalWestminsterBankplc
	7HighStreet
	Wells
	Somerset
	BAS2AD
Solicitors	Harris& Harris
	14MarketPlace,
	Wells,
	BA52RE
IndependentAuditor	CroweU.K.LLP
	4thFloor
	StJamesHouse,
	StJames’Square,
	Cheltenham
	GL502PR
CompanySecretary	MrPeterKnell
	WellsCathedralSchool
	Limited
	CollegeRoad
	Wells
	Somerset
	BAS2SX
ConnectedCharity	WellsCathedralSchool
	Limited
	CollegeRoad
	Wells
	Somerset
	BAS2SX

		Endowment	Restricted	Unrestricted	Total
		funds	funds	funds	2021	Talal20z0
	Note	£	£	£	£	£
Incomefrom:
Donations& legacies	3	-	144,356	55,488	199,844	197,100
Incomefrominvestments	9	22,463	2,096	31	24,590	23,739
Giftsinkind— school	11	-	-	44,634	44,634	58,446
Totalincome		22,463	146,452	100,153	269,068	279,285
Expenditureon:
Charitableactivities- donations eoachasl	9	-	(98,103)	(442)	(98,545)	(75,796)
Raisingfunds— operatingcosts	11	-	-	(44,634)	(44,634)	(58,446)
Otherexpenditure	4	-	-	(1,989)	(1,989)	(1,976)
Totalexpenditure		-	(98,103)	(47,065)	(145,168)	(136,218)
Net(losses)LeausOx investments	8	218,202	19,842	2	238,044	(34,479)
Transfers		(26,336)	(70,000)	96,336	“	=
Net(expemeinne/inconreand netmovementinfunds		214,329	(1,809)	149,424	361,944	108,588
Fundbalancesbrought forwardat1 August		855,959	396,298	3,374	1,255,631	—‘1,147,043
undPaleuiveneaenied forwardat31August/31July	13	1,070,288	394,489	152,798	1,617,575	1,255,631

Companynumber:2804495
	Note	£	2021		2020
Fixedassets
Investments	5		1,247,012		879,222
Currentassets
Debtors	6	5,702		86,515
Cashatbankandinhand		411,393		292,923
Totalcurrentassets			417,095		379,438
Creditors:amountsfallingdue withinoneperiod	7		(46,532)		(3,029)
Netcurrentassets			370,562		376,409
Totalassetslesscurrentliabilities			1,617,575		1,255,631
Netassets			1,617,575		1,255,631
Thefundsofthecharity:
Endowmentfunds	8		1,070,288		855,959
Restrictedfunds	9		394,489		396,298
Unrestrictedfunds	10		152,798		3,374
Totalcharityfunds			1,617,575		1,255,631

3	DonationsandLegacies
		2021	2020
		£	£
Trusts		54,447	41,078
Legacies		40,000	80,000
Companies/individuals		105,397	76,022
		199,844	197,100

	4 Expenditure
		2021	2020
		£	£
	Auditor’sremuneration	1,568	1,530
	IrrecoverableVAT	314	306
	Bankcharges	107	140
		1,989	1,976
5	Investments
		2021	2020
		£	£
	Investmentsatvaluation
	At 1August	879,222	886,378
	Additions	559,351	262,346
	Disposalproceeds	(517,288)	(286,605)
	Incomereceived	25,152	23,263
	Cashheldforre-investment	62,026	27,096
	Net(losses)/gains	238,044	(34,479)
		1,246,507	877,999
	Increaseinincomeaccount(dividends)	505	1,223
	At31August	1,247,012	879,222

	2021	2020
	£	£
Atbeginningofperiod	855,959	886,378
Adddonationsreceived	-	4,060
Lesstransferstounrestrictedfunds	(26,336)	-
Incomefrominvestments	22,463	-
Unrealised(losses)/gainsoninvestments	218,202	(34,479)
	1,070,288	855,959

	Balanceat				Balanceat
	31July20	Incoming	Outgoing	Transfer	31August21
	£	£	£	£	£
Legacies	80,000	-	-— (70,000)		10,000
CedarsHallProject	983	9,138	(10,120)		1
Bursaries- General	78,067	22,823	(18,398)		82,492
WellsMusicSocietyofHongKong	1,489	38,247	(38,262)	-	1,474
Bursaries- SierraLeone	1,291	-	-	-	1,291
Bursaries- MusicTravel	3,621	279	-	-	3,900
Bursaries- SportTravel	2,887	40	-	-	2,927
Bursaries- CharitableAid	567	-	-	-	567
Bursaries- Music	1,901	690	-	-	2,591
Archive	1,200	-	-		1,200
RolandJacobAward	150	-	(50)	-	100
JuniorInstruments	167	-	-	-	167
TrophyCabinet	1,254	-	(716)	-	538
SierraLeone	3,259	348	-	-	3,607
StringDepartment	9,557	4,200	(625)	-	13,132
WoodwindDepartment	2,429	-	(900)	-	1,529
MusicDepartment	7,430	-	-	-	7,430

Notes(continued)
DavidNasmyth	1,000			-		-		-	1,000
StBrandon’sFund	51,841		7,135		(1,800)			-	57,176
QuilterFamilyBursaryFund	1,325		663			-		-	1,988
Choraliatour	3,148		250			-		-	3,398
RussellFoxHeathTrust	106,845		14,803		(2,250)			-	119,398
AlanPowellFund	14,677			-	(1,879)			-	12,798
CharitableVolunteeringFund	21,210			-		-		-	21,210
BowFund		-	1,500			-		-	1,500
DramaFund		-	158			-		-	158
Sport-MUGA		-	65,439		(23,103)			-	42,336
FootballEquipment		-	584			-		-	584
	396,298		166,294		(98,103)		(70,000)		394,489

	Balanceat					Balanceat
	31July19		Incoming		Outgoing	31July20
IncomefromInvestments:
Bursaries		-	23,263		-	23,263
OtherRestrictedincome:
Legacies		-	80,000		-	80,000
CedarsHallProject	192		13,953		(13,162)	983
PavilionFund		-	225		(225)		-
Bursaries- General	12,561		58,443		(16,200)	54,804
WellsMusicSocietyofHongKong	1,533		31,207		(31,251)	1,489
Bursaries- SierraLeone	1,291			-	-	1,291
Bursaries- MusicTravel	1,710		3,111		(1,200)	3,621
Bursaries- SportTravel	1,707		1,580		(400)	2,887
Bursaries- CharitableAid	567			-	-	567
Bursaries- Music	1,401		500		-	1,901
Archive	1,282			-	(82)	1,200
RolandJacobAward	200			-	(50)	150

tes(continued)
JuniorInstruments	1,095		-	(928)		167
TrophyCabinet	1,254		-		-	1,254
SierraLeone	2,759	500			-	3,259
StringDepartment	9,557		-		-	9,557
WoodwindDepartment	225	2,204			-	2,429
MusicDepartment	7,430		-		-	7,430
NiallMellisFund	2,000		-	(2,000)			-
DavidNasmyth	1,000		-		-	1,000
StBrandon’sFund	53,341		-	(1,500)		51,841
QuilterFamilyBursaryFund	663	662			-	1,325
QuilterFamilyFundAdministration	3,578		-	(3,578)			-
Choraliatour	2,765	383			-	3,148
RussellFoxHeathTrust	109,245		-	(2,400)		106,845
AlanPowellFund	17,497		-	(2,820)		14,677
CharitableVolunteeringFund	21,210		-		-	21,210
	256,063	216,031		(75,796)		396,298

10	Unrestricted	Funds
		Balance	at						Balance	at
		31July	20	Interest	Incoming	Outgoing	Transfer		31August	21
			£	£	£	£			£
General	Funds	2,932		31	55,488	(1,976)	96,336		152,798
DesignatedFunds			442	:	:	(442)		-		-
		3,374		31	55,488	(2,431)	96,336		152,798

	Balanceat				Balanceat
	31July19	Interest	Incoming	Outgoing	31July20
	£	£	£	£	£
GeneralFunds	4,160	476	272	(1,976)	2,932
DesignatedFunds	442	-	-	-	442
	4,602	476	272	(1,976)	3,374

e	Financialassetsthataremeasuredatamortisedcost
		2021	2020
		£	£
Debtors		5,702	86,515
e	Financialassetsthataremeasuredatfairvalue
		2021	2020
		£	£
Investments		1,247,012	879,222

	2021	2020
Accruals	1,891	2,176
Endowedbond	5,028	853
	6,919	3,029

	Fixedassets	Netcurrent assets	Total
			2021
	£	£	£
EndowmentFunds	1,070,288		1,070,288
RestrictedFunds		394,488	394,488
UnrestrictedFunds		152,798	152,798
	1,070,288	547,286	1,617,574

	Fixedassets	Netcurrent assets	Total
			2020
	£	£	£
EndowmentFunds	855,959		855,959
RestrictedFunds		396,298	396,298
UnrestrictedFunds		2,932	2.932
DesignatedFunds		442	442
	855,959	399,672	1,255,631

		Endowment’	Restricted	Unrestricted	Total
		funds	funds	funds	2020
	Note	£	£	£	£
Incomefrom:
Donations& legacies	3	4,060	192,768	272	197,100
Incomefrominvestments	9	-	23,263	476	23,739
Giftsinkind— school	11	-	-	58,446	58,446
Totalincome		4,060	216,031	59,194	279,285
Expenditureon:
Charitableactivities- donationsto school	9	-	(75,796)	-	(75,796)
Raisingfunds— operatingcosts	Il	-	-	(58,446)	(58,446)
Otherexpenditure	4	-	-	(1,976)	(1,976)
Totalexpenditure		-	(75,796)	(60,422)	(136,218)
Netgainsoninvestments	8	(34,479)	-	-	(34,479)
Netexpenditureandnetmovement		(30,419)	140,235	(1,228)	108,588
infunds
Fundbalancebroughtforward		886,378	256,063	4,602	1,147,043
at1 August
Fundbalancecarriedforward
	13	855,959	396,298	3,374	1,255,631
at31July