2022-08-31-accounts - The Choral Foundation, The Chapel Royal, Hampton Court Palace

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		Unrestricted	Unrestricted	Restricted	Total	Total
	Note		funds E	funds E	2022	2021f
Income from:
Donations and legacies	3		74,802	22,100	96&902	35,383
Charitable activities	3		7,585		7,585	4,864
Investment income			16,691		16,691	9&332
Total Income			99&078	22&100	121&178	49&579
Expenditure on:
Raising funds	4&	5	13&712		13,712	8,940
Charitable activities	6,7		23,318	4&671	27,989	22,643
Total Expenditure			37&030	4,671	41,701	31,583
Net gain/(loss) on investments			(17145)		(17,145)	47&049
Net income/expenditure			44&903	17&429	62,332	65045
Transfers between funds
Net movement in funds			44903	17429	62,332	65,o45
ReconciTiation offunds:
Total funds brought forward			365,037		365,037	299&992
Total funds carried forward	13		409940	17429	427,369	365,037

		Note	2022	2021
Fixed assets
Intangible assets
Current assets
Debtors Investments Cash atbank		10 11	3&522 268,944 156,783	1,833 269,697 93&507
Creditors: amounts	faihng due		429&249	365,o37
within one year			1,88o
Net current assets			427,369	365,037
Total assets less current liabilities			427,369	365&037
The funds ofthe charity
Unrestricted funds Restricted funds			409&940 17&429	365,037
Total funds			427,369	365&037

STATEMENT OFCASH F ASAT31AUGUST 2022	LOWS
			2022	2021
			E
Cash flow from operating	activities
Net income/(expenditure)	forthe year		62,332	65,o45
Adjustments for:
Interest received			(299)	(46)
Investment income received			(16,392)	(9,286)
Purchase ofFixed Assets
(Increase)/decrease in debtors			(1,689)	1,823
Increase/(decrease) in creditors			1,88o	(132o)
(Gain)/loss on Investments			17&145	(47&o49)
Net cash provided byoperating activities			62,977	9,167
Cash flows from investing	activities
Interest received			299	46
Investment income received			16,392	9,286
Investments income reinvested			(16,392)	(9,286)
Purchase ofinvestments
Net cash provided by investing activities			299	46
Change in cash and cash	equivalents	inthe
reporting period			63,276	9&213
Cash and cash equivalents	atthe beginning of
the reporting period			93&5o7	84&294
Cash and cash equivalents	atthe end	ofthe
reporting period			156,783	93&5o7

l)	Realised gains and losses	Realised gains and losses	Realised gains and losses	Realised gains and losses
	All gains and losses are taken tothe Statement ofFinancial Activities				asthey arise.	Realised gains
	and losses on investments are calculated		as the difference between		sales proceeds and opening
	carrying value (purchase	date iflater). Unrealised gains and losses are calculated asthe difference
	between the market value atthe year end		and opening	carrying value	(or purchase date iflater).
	Income
		Unrestricted		Restricted	Total	Total
			funds	funds	2022	2021
	Donations gz Legacies		74,802	22,100	96,902	35,383
	Activities for generating	funds:
	Recitals/Recording		7,585		7,585	4,864
	Investment income:
	Investment income receivable		16,392		16&392	9&286
	Interest receivable		299		299	46
	Total incoming resources		99,o78	22&100	121,178	49579
4.	Expenditure on raising funds
				Direct	Support	Total
				costs	costs	2022
	Fundraising and consultancy			5790	2&499	8,289
	Design and advertising			35	2&499	2&534
	Costsofchoral events			391	2,498	2,889
	Total expenditure on raising funds			6,216	7,496	13,712

5.	Expenditure on raising funds comparatives	Expenditure on raising funds comparatives
			Direct	Support	Total
			costsf	costsf	2021
	Fundraising and consultancy			1&942	1&942
	Fundraising software, design and advertising			1&941	1&941
	Costs ofchoral events		3,116	1&941	5057
	Total expenditure on raising funds		3&116	5,824	8,94o
6.	Analysis ofcharitable expenditure
			Grant	Support	Total
			glVnlg	costs	2022
			activitiesf		f
	Tuition fees Bzgrants		11,872	2,498	14&370
	General charitable expenditure		11,121	2,498	13&619
	Total charitable expenditure		22993	4,996	27,989
	Analysis ofcharitable expenditure	comparatives
			Grant	Support	Total
			glVnlg	costs	2021
			activities	f	f
	Tuition feesk grants		9,695	1&942	11,637
	General charitable expenditure		9,065	1&941	11,006
	Total charitable expenditure		18,76o	3,883	22,643

8. Analysis ofsupport costs	8. Analysis ofsupport costs
Total support costs allocated		pro-rata	to expenditure	on raising	funds	and expenditure on
charitable activities:						Total	Total
						2022 f	2021
Payroll						4,766
Book-Keeping lkAudit						2&255	713
ITcosts						3,695	681
Insurance						573
Subscriptions						216
Office sundries						313	1,000
Sundry expenses						674	182
Total support costs						12,492	9,708
Intangible assets
There are no intangible	assets
1o.Debtors
						2022	2021f
Accrued Income						3&522	1&333
Audit Fees							500
						3&522	1,833
11.Fixed Investments
Movement in Fixed Investments
						2022f	2021
Market value brought	forward				264,307		143&234
Add: Additions to Investments		at Cost					74&024
Less: Disposals at Carrying Value
Add: Net Gain (Loss) on Revaluation						(17144)	47049
Market Value at 31August						47& 3	4&3 7
Fixed Investments	by Type					2022f	2021
UKShares					247,163		264,307
Portfolio Cash						21,781	5390
Total					268&944		269,697