2022-06-30-accounts

					Page
Reference and adminiistrative		details	ofthe Charity, its Trustees and advisers		1-2
Trustees' report					3-12
Independent	auditors' report	on the financial statements			13-16
Consolidated	statement offinancial activities				17
Consoiiidated	income and expenditure		account		18
Consolidated	balance sheet				19-20
Charity balance sheet					21 -22
Consolidated	statement ofcash flows				23
Notes to the	financial statements				24 - 50
The following	pages do not form	pari ofthe statutory		financial statements:
Appendix Restricted Funds					51

				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds
				2022	2022	2022	2022	2021
			Note	6	6			8
Income and
endowments	from:
Donations and	legacies			73,922	19,456		93,378	443,010
Charitable activities				960,820			960,820	864,263
Other trading activities				442,255			442,255	103,482
Investments				375	8,348		8,723	8,180
Total income endowments	and			1,477,372	27,804		1,505,176	1,418,935
Expenditure on:
Raising funds			7	342,871	16,870		359,741	114,561
Charitable activities			8	1,144,347	115,698		1,260,045	1,144,158
Total expenditure				1,487,218	132,568		1,619,786	1,258,719
Net
(expenditure)/income
before net
(losses)/gains investments	on			(9,846)	(104,764)		(114,610)	160,216
Net (losses)/gains investments		on		(265)	(1,386)	(19,695)	(21,346)	73,459
Net movement funds	in			(10,111)	(106,150)	(19,695)	(135,956)	233,675
Reconciliation	of
funds:
Total funds brought forward				1,070,228	959,355	498,436	2,528,019	2,294,344
Net movement	in funds			(10,111)	(106,150)	(19,695)	(135,956)	233,675
Total funds carried forward				1,060,117	853,205	478,741	2,392,063	2,528,019

					Total funds	Totalfunds
				Note	2022	2021f
Income					1,505,176	1,418,935
Losses/(gains) on investments					(1,651)	4,387
Gross income in the reporting		period			1,503,525	1,423,322
Less: Total expenditure					(1,619,786)	(1,258,719)
Net expenditure/(income)	for	the reporting	period		(116,261)	164,603
The notes on pages 24 to	50 form part ofthese financial statements.

			2022	2022	2021	2021
		Note		6		6
Fixed assets
Tangible assets		13		1,382,777		1,385,142
Investments		14		503,409		524,613
				1,886,186		1,909,755
Current assets
Stocks		15	5,198		4,541
Debtors		16	149,458		135,220
Investments		17	2,629		2,771
Cash at bank and	in hand		889,524		992,668
			1,046,809		1,135,200
Creditors: amounts	falling due within one
year		18	(367,521)		(303,525)
Net current assets				679,288		831,675
Total assets less	current liabilities			2,565,474		2,741,430
Creditors: amounts than one year	falling due after more			(173,411)		(213,411)
Total net assets				2,392,063		2,528,019
Charity funds
Endowment funds		20		478,741		498,436
Restricted funds		20		853,205		959,355
Unrestricted funds		20		1,060,117		1,070,228
Total funds				2,392,063		2,528,019

			CHARITY BALANCE SHEET	CHARITY BALANCE SHEET
			AS AT 30JUNE 2022
			Note		2022f		2021 6
Fixed assets
Tangible assets			13		1,378,349		1,385,142
Investments			14		503,419		524,623
					1,881,768		1,909,765
Current assets
Stocks			15	5,198		4,541
Debtors			16	252,495		166,710
Investments			17	2,629		2,771
Cash at bank and	in hand			749,938		949,099
				1,010,260		1,123,121
Creditors: amounts	falling	due within one
year			18	(334,302)		(292,783)
Net current assets					675,958		830,338
Total assets less	current	liabilities			2,557,726		2,740,103
Creditors: amounts than one year	falling	due after more			(173,411)		(213,411)
Total net assets					2,384,315		2,526,692
Charity funds
Endowment funds			20		478,741		498,436
Restricted funds			20		853,205		959,355
Unrestricted funds			20		1,052,369		1,068,901
Total funds					2,384,315		2,526,692

				2022	2021
Cash flows from operating		activities
Net cash used in operating		activities		(17,385)	151,203
Cash flows from investing		activities
Dividends, interests and rents from investments				8,723	8,180
Purchase oftangible fixed assets				(74,482)	(11,053)
Net cash used in investing		activities		(65,759)	(2,873)
Cash fllows from financing		activities
Cash inflows from new borrowing					200,000
Repayments of borrowing				(20,000)
Net cash (used in)/provided		by financing	activities	(20,000)	200,000
Change in cash and cash		equivalents in	the year	(103,144)	348,330
Cash and cash equivalents	at the beginning		ofthe year	992,668	644,338
Cash and cash equivalents		at the end of	the year	889,524	992,668
The notes on pages 24 to 50form part of these financial statements

					Unrestricted	Restricted	Total
					funds	funds	funds
					2022	2022	2022
						6	F
Donations
Friends subscriptions					11,778		11,778
Capital grants and donations						73	73
Educational	8 promotional		grants and donations			19,383	19,383
Unrestricted	grants	and donations			58,114		58,114
Government	grants	- furlough		scheme	4,030		4,030
					73,922	19,456	93,378
Total 2022					73,922	19,456	93,378
					Unrestricted	Restricted	Total
					funds	funds	funds
					2021	2021	2021
					K		8
Donations
Friends subscriptions					13,814		13,814
Capital grants and donations						159,385	159,385
Educational	&promotional		grants and donations			73,935	73,935
Unrestricted	grants and donations				69,867		69,867
Government	grants	- furlough		scheme	126,009		126,009
Total 2021					209,690	233,320	443,010

			Unrestdcted	Total
			. funds	funds
			2022f	2022
Educational	programmes		728,096	728,096
Bookshop
Library			28,438	28,438
Charitable	Hospitality		159,286	159,286
RSCM Licence		fee	36,915	36,915
Other Charitable		Activities	8,085	8,085
Tt2022			960,820	960,820

			Unrestricted	Total
			funds	funds
			2021f	2021f
Educational	programmes		722,326	722,326
Bookshop			24,195	24,195
Library			28,295	28,295
Charitable	Hospitality		47,742	47,742
RSCM Licence		fee	36,915	36,915
Other Charitable		Activities	4,790	4,790
Ttl2021			864,263	864,263

Unrestricted	Total
funds	funds
2022f	2022
60,198	60,198

Income	from	fundraising ev	ents (co	ntinued)
					Unrestricted	Total
					funds	funds
					2021	2021
					6	6
Income	from	property			31,566	31,566
Income	from	non charitable	trading	activities

			Unrestricted	Total
			funds	funds
			2022	2022
				6
Trading	subsidiary	turnover	382,057	382,057
			Unrestricted	Total
			funds	funds
			2021	2021
			8
Trading	subsidiary	turnover	71,916	71,916

	Unrestricted	Restricted	Total
	funds	funds	funds
	2022	2022	2022
			F
Income from local listed investments	298	8,348	8,646
Interest on bank deposits	77		77
Total 2022	375	8,348	8,723

						Unrestricted	Restricted	Total
						funds	funds	funds
						2021f	2021 6	2021f
	Income from	local listed		investments		75	8,076	8,151
	Interest on bank		deposits			29		29
	Total2021					104	8,076	8,180
7.	Expenditure	on	raising	funds
	Costs of raising		voiuntary		income
							Unrestncted	Total
							funds	funds
							2022f	2022 6
	Costs of raising voluntary			income			9,382	9,382
	Costs ofraising		voluntary		income (continued)
							Unrestricted	Total
							funds	funds
							2021	2021
							8	6
	Costs of raising voluntary			income			9,193	9,193
	Fundraising	trading expenses
						Unrestricted	Restricted	Total
						funds	funds	funds
						2022	2022	2022
						6		6
	Costs re property		income			23,461		23,461
	Allocated support		costs			88,862	16,870	105,732
	Total 2022					112,323	16,870	129,193

			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
			5		6
Costs re	property	income	12,641		12,641
Allocated	support	costs	46,325	1,770	48,095
Total 2021			58,966	1,770	60,736
Other trading expenses
				Unrestricted	Total
				funds	funds
				2022	2022
					5
Trading subsidiary		expenses		221,166	221,166
Other trading expenses (continued)
				Unrestricted	Total
				funds	funds
				2021	2021
					F
Trading subsidiary		expenses		44,632	44,632

			Unrestricted	Restricted	Total
			funrls	funds	funds
			2022	2022	2022
			K	8	f
Educational	programmes		776,753	61,359	838,112
Library			58,423	21,298	79,721
Charitable	Hospitality		283,997	28,285	312,282
RSCM Licence		fee	22,909	4,127	27,036
Other Charitable		Activities	2,265	629	2,894
Tots I2022			1,144,347	115,698	1,260,045
			Unrestncted	Restdcted	Total
			funds	funds	funds
			2021	2021	2021
			E
Educational	programmes		631,710	13,059	644,769
Bookshop			47,650	1,464	49,114
Library			56,397	20,973	77,370
Charitable	Hospitality		333,741	17,738	351,479
RSCM Licence		fee	18,614	1,714	20,328
Other Charitable		Activities	1,084	14	1,098
Total2021			1,089,196	54,962	1,144,158

							Activities
							undertaken	Support	Total
							directly	costs	funds
							2022	2022	2022
							F		8
Educational		programmes					569,901	268.211	838,112
Library							49,777	29,944	79,721
Charitable		Hospitality					164,217	148,065	312,282
RSCM Licence			fee					27,036	27,036
Other Charitable			Activities					2,894	2,894
							783,895	476,150	1,260,045
							Activities
							undertaken	Support	Total
							directly	costs	funds
							2021	2021	2021
									8
Educational		programmes					418,772	225,997	644,769
Bookshop							32,553	16,561	49,114
Library							49,113	28,257	77,370
Charitable		Hospitality					217,916	133,563	351,479
RSCM Licence			fee					20,328	20,328
Other Charitable			Activities					1,098	1,098
							718,354	425,804	1,144,158
Auditors'	remuneration
								2022 6	2021f
Fees payable to accounts			the Charity's	auditor		for the audit ofthe Charity's	annual	5,500	4,900
Fees payable to			the Charity's	auditor		in respect of:
All non-audit		services not included			above			7,500	6,850

	Freehold	Other fixed
	property	assets	Total
Cost orvaluation
At 1 July 2021	1,956,535	551,701	2,508,236
Additions	24,242	50,240	74,482
Disposals		(90,036)	(90,036)
At 30June 2022	1,980,777	511,905	2,492,682
Depreciation
At 1 July 2021	648,339	474,755	1,123,094
Charge for the year	41,947	35,246	77,193
On disposals		(90,382)	(90,382)
At 30June 2022	690,286	419,619	1,109,905
Net book value
At 30June 2022	1,290,491	92,286	1,382,777
At 30June 2021	1,308,196	76,946	1,385,142

	Freehold	Otherfixed
	property 6	assetsf	Total
Cost orvaluation
At1 July2021	1,956,535	551,701	2,508,236
Additions	24,242	43,599	67,841
Disposals		(90,036)	(90,036)
At 30June 2022	1,980,777	505,264	2,486,041
Depreciation
At1 July2021	648,339	474,755	1,123,094
Charge for the year	41,947	33,033	74,980
On disposals		(90,382)	(90,382)
At 30June 2022	690,286	417,406	1,107,692
Net book value
At 30June 2022	1,290,491	87,858	1,378,349
At 30June 2021	1,308,196	76,946	1,385,142

				Listed
				investments
Group
Cost or valuation
At1 July2021				524,613
Revaluations				(21,204)
At 30June 2022				503,409
Net book value
At 30June 2022				503,409
At 30June 2021				524,613
	Investments
	in subsidiary		Listed
Charity	companies	f	investments 6	Totalf
Cost or valuation
At 1 July 2021	10		524,613	524,623
Revaluations			(21,204)	(21,204)
At 30June 2022	10		503,409	503,419
Net book value
At 30June 2022	10		503,409	503,419
At 30June 2021	10		524,613	524,623

	shares		consolidati	on
	Ordinary		100'A Yes
	The financial		results ofthe subsidiary	for the year were:
	Name			Incomef Expenditure Profit/(Loss)/ Surplus/			Net assetsf
						(Deficit) for
						the yearf
	Sarum	College Services Limited		382,057	292,364	89,693	7,758
15.	Stocks
				Group	Group	Charity	Charity
				2022f	2021f	2022f	2021f
	Raw materials		and consumables	5,198	4,541	5,198	4,541
16.	Debtors
				Group	Group	Charity	Charity
				2022 f	2021	2022 f	2021
	Due within one year
	Trade debtors			108,754	33,616	71,723	26,581
	Amounts	owed by group undertakings				144,588	43,556
	Other debtors			15,301		15,301
	Prepayments		and accrued income	25,403	101,604	20,883	96,573
				149,458	135,220	252,495	166,710
17.	Current	asset investments
				Group	Group	Charity	Charity
				2022f	2021 f.	2022f	2021f
	Listed investments			2,629	2,771	2,629	2,771

			Group	Group	Charity	Charity
			2022	2021	2022	2021
				6	F	6
Bank loans			40,000	20,000	40,000	20,000
Trade creditors			53,704	86,744	53,704	86,744
Other taxation and social security			41,949	8,233	28,044	7,419
Other creditors			88,590	84,368	70,676	75,690
Accruals and deferred	income		143,278	104,180	141,878	102,930
			367,521	303,525	334,302	292,783
Creditors: Amounts	falling due after more		than one year
			Group	Group	Charity	Charity
			2022	2021	2022	2021
				6	6	6
Bank loans			140,000	180,000	140,000	180,000
Other creditors - concessionary		loan	33,411	33,411	33,411	33,411
			173,411	213,411	173,411	213,411

Statement	of	funds		- current	year
									Balance at
					Balance at 1			Gains/	30June
					July 2021	Income 6	Expenditure 6	(Losses) E	2022 f
Unrestricted		funds
Designated	funds
Dickinson					100				100
General funds
General Funds					1,065,366	1,477,372	(1,487,218)		1,055,520
General funds		- Fair		value
reserve					4,762			(265)	4,497
					1,070,128	1,477,372	(1,487,218)	(265)	1,060,017
Total Unrestricted			funds		1,070,228	1,477,372	(1,487,218)	(265)	1,060,117

eneral Fund fair value re Endowment funds	eneral Fund fair value re Endowment funds	serve repr	esents cumulative gains on in	vestments.
Permanent Endowments			17,141		17,141
Permanent Endowments		-Fair
value reserve			94,404		94,404
Other charities	in connection
with The Sarum	College	Trust	38,257		38,257
Other charities	- Fair value
reserve			348,634	(19,695)	328,939
			498,436	(19,695)	478,741

Statement offunds	- prior year	- prior year
							Balance at
			Balance at			Gains/	30June
			1 July 2020	Income f	Expenditure 8	(Losses) 6	2021 6
Unrestricted funds
Designated funds
Designated Funds 1			100				100
General funds
General Fund			1,088,722	1,177,539	(1,201,987)		1,064,274
General Fund - Fair	value
reserve			4,762			1,092	5,854
			1,093,484	1,177,539	(1,201,987)	1,092	1,070,128
Tote I Unrestricted	funds		1,093,584	1,177,539	(1,201,987)	1,092	1,070,228
Endowment funds
Endowment Funds - all funds			17,141				17,141
Permanent Endowments			94,404				94,404
Other charities in connection
with The Serum College Trust			38,257				38,257
Other charities - Fair Value
Reserve			279,562			69,072	348,634
			429,364			69,072	498,436
Restricted funds
Capital Funds			618,651	159,385	(30,087)		747,949
Education and promotion		funds	134,537	82,011	(26,645)		189,903
Education and promotion		funds
-Fair Value Reserve			18,208			3,295	21,503
			771,396	241,396	(56,732)	3,295	959,355
Total offunds			2,294,344	1,418,935	(1,258,719)	73,459	2,528,019

Summary	offunds - cur	rent year
						Balance at
		Balance at 1			Gains/	30June
		July 2021	Income	Expenditure	(Losses)	2022
			6	6		8
Designated	funds	100				100
General funds		1,070,128	1,477,372	(1,487,218)	(265)	1,060,017
Endowment	funds	498,436			('I9,695)	478,741
Restricted	funds	959,355	27,804	(132,568)	(1,386)	853,205
		2,528,019	1,505,176	(1,619,786)	(21,346)	2,392,063

Summary	offunds - prio	r year
						Balance at
		Balance at			Gains/	30June
		1 July 2020 E	Income	Expenditure 6	(Losses)f	2021
Designated	funds	100				100
General funds		1,093,484	1,177,539	(1,201,987)	1,092	1,070,128
Endowment	funds	429,364			69,072	498,436
Restricted	funds	771,396	241,396	(56,732)	3,295	959,355
		2,294,344	1,418,935	(1,258,719)	73,459	2,528,019

Analysis ofnet assets between funds -	current year
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2022f	2022 F	2022	2022f
Tangible fixed assets	924,505	458,272		1,382,777
Fixed asset investments	4,827	24,841	473,741	503,409
Current assets	671,717	370,092	5,000	1,046,809
Creditors due within one year	(367,521)			(367,521)
Creditors due in more than one year	(173,411)			(173,411)
Total	1,060,117	853,205	478,741	2,392,063

Analysis of net assets between funds -	prior year
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2021	2021	2021	2021
		E		6
Tangible fixed assets	889,020	496,122		1,385,142
Fixed asset investments	4,950	26,227	493,436	524,613
Current assets	693,194	437,006	5,000	1,135,200
Creditors due within one year	(303,525)			(303,525)
Creditors due in more than one year	(213,411)			(213,411)
Total	1,070,228	959,355	498,436	2,528,019

					Group	Group
					2022	2021
					F	6
	Net income/expenditure for the year (as per			Statement of Financial
	Activities)				(135,956)	233,675
	Adjustments for:
	Depreciation charges				77,193	66,680
	Gains/(losses) on investments				21,346	(73,459)
	Dividends, interests	and rents	from investments		(8,723)	(8,180)
	Decrease/(increase)	in stocks			(657)	19,177
	Increase in debtors				(14,238)	(36,594)
	Increase/(decrease)	in creditors			43,650	(50,096)
	Net cash provided	by/(used	in) operating	activities	(17,385)	151,203
25.	Analysis ofcash and cash equivalents
					Group	Group
					2022	2021
	Cash in hand				886	343
	Notice deposits (less	than 3 months)			888,638	992,325
	Total cash and cash equivalents				889,524	992,668

R	estricted funds
										Transfers	and
							Balance			investment		Balance
							30.6.2021					30.6.2022
a)	Capital
	Capital Projects: Garfield	Weston					110,292		(6,249)			104,043
	Cellars: Pilgrim Trust						2,517					2,517
	Bookshop Extension: Esmee			Fairbum		Foundation	4,346		(1,297)			3,049
	Organ Practice Room:
	Hymns Ancient 8 Modern						2,686		(90)			2,576
	Residential Facilities: Laing		Foundation				5,754		(194)			5,560
	Music:
	Jones Organ - Foundation			for Sporh		and the Arts	2,458		(820)			1,638
	Victorian Era Organ - Taber						518					518
	Ministry 2021 leavers						560		(560)
	Lift						63,665		(4,780)			58,885
	Attic Bedroom Appeal						55,009		(1,553)			53,456
	Library environment						300					300
	l.ibrary - Matthews Legacy						13,757		(609)			13,148
	Serum Cross - Sophie Hacker						708		(240)			468
	Window Appeal						13,582		(295)			13,287
	Mercers - Common Room						24,789		(1,069)			23,720
	Seaton - IT, front & inside	building					133,750		(37,820)			95,930
	Capital Appeal- General						100,062		(2,382)			97,680
	Kitchen &Refectory Appeal						73,512	73	(7,113)			66,472
	Capital Appeal - Chapel/lecture				room		500					500
	Tindag Charitable Trust —Chapel				floor		337					337
	Tindall Charitable Trust - Refectory						17,220		(1,226)			15,994
	Tindall Charitable Trust -ITProject						25,000		(6,250)			18,750
	Dickinson - Chairs						21,875		(1,250)			20,625
	Ms Marilyn Marks - Landscaping						1,772					1,772
	Haverstock - Building access						73000					72223
							747,949					673,448
b)	Educational and Promotional
	Music:
	Church Music Resource	Library					187					187
	Christian Spirituality Programme:
	General Donations							250	(250)
	Prinapal's Discretionary Fund						28,642	621		(1,145)		28, 1'l8
	Des Quartier Trust Fund						4,882					4,882
	Organ Lessons - Tindall Trust						500					500
	Tony Palmer Essay Prize						720					720
	PNET Salisbury Field						1,000					1,000
	Mission Partner						10,618					10,618
	Gosling - library journals						631		(451)			180
	Library - Sowter;Elmgrant:LFD						2,463	2,000	(3,534)			929
	Library - Sowter Rural Ministry						269	4,550	(4,728)			91
	Missionary Association						5,996	189		(241)		5,944
	CHF Donation Hargreaves						200		(200)
	Dawson legacy						7,080					7,080
	Science for Seminaries						50,958		(17,022)			33,936
	Haverstock eductional project						71,000					71,000
	Art &Sacred Places						2,260					2,260
	Hazel Topping legacy							500				500
	Video conferencing						24,000	12,000	(24,188)			11,812
	Other chadities in connection		with
	The Serum College Trust							7621	7621
							211,406