2020-12-31-accounts - Leicester Cathedral Music Foundation

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						2020	2019
			Unrestricted	Restricted	Endowment	Total	Total
			fund	fund	funds	funds	funds
		Notes	E	E	E	E	E
FIXEDASSETS
Investments					260,896	260,896	255,853
CURRENT ASSETS
Debtors		10	12,027	8,042	112,011	132,080	1,262
Cash at bank			86,256	13,786		100,042	132,836
			98,283	21,828	112,011	232,122	134,098
CREDITORS
Amounts falling due within one
year			(6,744)			(6,744)	(9,942)
NET CURRENT ASSETS			91,539	21,828	112,011	225,378	124,156
TOTAL ASSETS LESSCURRENT
LIABILITIES			91,539	21,828	372,907	486,274	380,009
NET ASSETS			91,539	21,828	372,907	486,274	380,009
FUNDS		12
Unrestricted	funds					91,539	109,270
Restricted funds						21,828	13,786
Endowment	funds					372,907	256,953
TOTAL FUNDS						486,274	380,009

				2020	2019
			Notes	f	f
Cash flows from operating activities
Cash generated from operations				(143,705)	(15,743)
Net cash used in operating activities				(143,705)	(15,743)
Cash flows from financing	activities
Income attributable to endowment				113,042	1,100
Expenditure attributable	to endowment			(2,131)
Net cash provided by financing activities				110,911	1,100
Change in cash and cash	equivalents	in the
reporting period				(32,794)	(14,643)
Cash and cash equivalents	at the beginning
ofthe reporting period				132,836	147,479
Cash and cash equivalents	at the end	of
the reporting period				100,042	132,836

					2020	2019
					E	f
Net income	for the	reporting		period (as per the Statement of Financial
Activities)					106,265	4,816
Adjustments	for:
Gain on investments					(5,043)	(26,904)
Income attributable		to	endowment		(113,042)	(1,100)
Expenditure	attributable		to endowment		2,131
(Increase)/decrease		in debtors			(130,818)	603
(Decrease)/increase		in	creditors		(3,198)	6,842
Net cash used in operations					(143,705)	(15,743)
ANALYSIS OF CHANGES			IN NET FUNDS
				At 1.1.20	Cash flow	At31.12.20
				f	E	f
Net cash
Cash at bank				132,836	(32,794)	100,042
				132,836	(32,794)	100,042
Total				132,836	(32,794)	100,042

				Direct	Support
				Costs	costs	Totals
				f	f	f
Charitable	activities			16,933		16,933
Other running		costs			5,959	5,959
				16,933	5,959	22,892
AUDITORS'	REMUNERATION
					2020	2019
					f	f
Fees payable to the charity's			auditors for the audit of the charity's	financial
statements					3,844	3,500
Preparation	ofthe financial statements				2,100

			Unrestricted	Restricted	Endowment	Total
			fund	fund	funds	funds
			f	f	f	f
INCOME AND ENDOWMENTS		FROM
Donations	and legacies		10,539	573		11,112
Investment	income			7,561	1,100	8,661
Total			10,539	8,134	1,100	19,773
EXPENDITURE ON
Charitable	activities
Charitable	activities		29,000	8,134		37,134
Other running costs			4,727			4,727
Total			33,727	8,134		41,861
Net gains on investments					26,904	26,904
NET INCOME/(EXPENDITURE)			(23,188)		28,004	4,816

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
	Unrestricted	Restricted	Endowment	Total
	fund	fund	funds	funds
	f	f	f	f
RECONCILIATION OF FUNDS
Total funds brought forward	132,458	13,786	228,949	375,193
TOTAL FUNDS CARRIED FORWARD	109,270	13,786	256,953	380,009
FIXEDASSET INVESTMENTS
				Listed
				investments
				f
MARKET VALUE
At 1January 2020				255,853
Revaluations				5,043
At 31December 2020				260,896
NET BOOK VALUE
At 31December 2020				260,896
At 31December 2019				255,853

DEBTOR	S:AMO	UN	TS FALLING DUE WITHIN ONE YEAR
				2020	2019
				f	f
Amounts	owed	by	parent	131,970	1,100
Accrued	income			110	162
				132,080	1,262

11.	CREDITORS: AMO		NTS FALLING	DUE WITHIN ONE YEAR
						2020	2019
						E	E
	Amounts owed to		parent				5,242
	Other creditors					6,744	4,700
						6,744	9,942
12.	MOVEMENT IN FUNDS
						Net
						movement	At
					At 1.1.20	in funds	31.12.20
					E		f
	Unrestricted funds
	General fund				109,270	(17,731)	91,539
	Restricted funds
	Music Scholarship		Fund		13,786	8,042	21,828
	Endowment funds
	Alderman Newton				95,320	1,920	97,240
	Ouseley Trust				39,722	801	40,523
	Choral Scholar Fund				35,065	(1,491)	33,574
	TTopps Choral Scholar Fund				58,736	3,633	62,369
	Friends of Cathedral		Music		28,110	111,091	139,201
					256,953	115,954	372,907
	TOTAL FUNDS				380,009	106,265	486,274
	Net movement in funds, included			in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				E	E	E	E
	Unrestricted funds
	General fund			3,030	(20,761)		(17,731)
	Restricted funds
	Music Scholarship	Fund		8,042			8,042
	Endowment funds
	Alderman Newton					1,920	1,920
	Ouseley Trust					801	801
	Choral Scholar Fund					(1,491)	(1,491)
	TTopps Choral Scholar Fund					3,633	3,633
	Friends of Cathedral		Music	113,042	(2,131)	180	111,091
				113,042	(2,131)	5,043	115,954
	TOTAL FUNDS			124,114	(22,892)	5,043	106,265

		2020	2019
		E	E
Financial assets at fair value through	income and expenditure
Listed investments		260,896	255,853

					2020	2019
					E	f
Net gains and losses (including		changes	in fair	value)
Financial assets measured	at fair value		through	net income/expenditure	5,043	26,904

FOR THE YEAR ENDED	3	1DECEMBER 2020
			2020	2019
			E	f
INCOME AND ENDOWMENTS
Donations and legacies
Donations			2,408	10,012
Gift aid			512	1,100
Grants			112,121
			115,041	11,112
Investment income
Income from listed investments			9,073	8,661
Total incoming resources			124,114	19,773
EXPENDITURE
Charitable activities
Charitable Giving			16,933	37,134
Support costs
Finance
Bank charges			15	27
Governance costs
Auditors' remuneration			3,844	3,500
Auditors' remuneration		for non audit work	2,100
Accountancy and legal fees				1,200
			5,944	4,700
Total resources expended			22,892	41,861
Net income/(expenditure)		before gains and
losses			101,222	(22,088)
Realised recognised gains		and losses
Realised gains/(losses)	on	fixed asset
investments			5,043	26,904
Net income			106,265	4,816