| CONTENTS | |
|---|---|
| Page | |
| TRUSTEES' ANNUAL REPORT | 1-5 |
| INDEPENDENT E~R'SREPORT | |
| STA~ OF FINANCIAL ACTIVITIES | |
| BALANCE SHEET | |
| NOTES TO THE ACCOUNTS | 9-16 |
| For the year ended 31December 20 | 21 | |||
|---|---|---|---|---|
| Period | ||||
| from 18 | ||||
| October | ||||
| 2019to31 | ||||
| Unrestricted | Restricted | Total | December | |
| Note | Funds | Funds | 2021 | 2020 |
| 0 | ||||
| INCOME AND | ||||
| ENDOWMENTS FROM: | ||||
| Donations and legacies 3 |
10,739 | 19,365 | 30,104 | 1,021,841 |
| Investments 4 |
8 | 24,071 | 24,079 | 24,109 |
| TOTAL INCOME | 10,747 | 43,436 | 54,183 | 1,045„950 |
| EXPENDITURE ON | ||||
| Raising funds | 6,737 | 5,778 | 12,515 | 6,857 |
| Charitable activities |
2,223 | 77,839 | 80,062 | 68,585 |
| TOTAL EXPENDITURE | 8,960 | 83,617 | 92,577 | 75,442 |
| NET (LOSS)/INCOME BEFORE | ||||
| INVESTMENT | 1,787 | (40,181) | (38,394) | 970,508 |
| GAINS/(LOSSES) | ||||
| Unrealised gain/(loss) on revaluation ofinvestments |
63,606 | 63,606 | 79,471 | |
| Realised (loss)/gain on sale of investments |
2,240 | 2,240 | (26,493) | |
| NET (LOSS)/INCOME | 1,787 | 25,665 | 27,452 | 1,023,486 |
| Transfers between funds | ||||
| NET MOVEMENT IN FUNDS | 1,787 | 25,665 | 27,452 | 1,023,486 |
| TOTAL FUNDS BROUGHT FORWARD |
1,977 | 1,021,509 | 1,023,486 | |
| TOTAL FUNDS CARRIED FORWARD |
3,764 | 1,047,174 | 1,050,938 | 1,023,486 |
| 3 DO |
NATIONS AND L | EGACIES | ||||
|---|---|---|---|---|---|---|
| Period | ||||||
| Restricted | from 18 | |||||
| Choral | Restricted | October | ||||
| Unrestricted | Scholarship | Parish | Total | 2019to31 | ||
| Funds | Fund | Trust Fund | 2021 | December | ||
| 8 | 2020 | |||||
| Individual | donations | 6,039 | 14,490 | 20,529 | 14,897 | |
| Gift Aid claim | 2,500 | 2,500 | 1,856 | |||
| Donation from Tewkesbury | 792,193 | |||||
| Abbey Schola Cantorum | ||||||
| Scholarship | fund | |||||
| Donation ftom Parish Trust | 179,520 | |||||
| Grants received | 2,200 | 4,875 | 7,075 | 33,375 | ||
| 10,739 | 19,365 | 30,104 | 1,021,841 |
| Period | ||||||
|---|---|---|---|---|---|---|
| from 18 | ||||||
| Restricted | October | |||||
| Choral | Restricted | 2019to 31 | ||||
| Unrestricted | Scholarship | Parish | Total | December | ||
| Funds | Fund | Trust Fund | 2021 | 2020 | ||
| 8 | ||||||
| Bank interest | 8 | 9 | ||||
| Investment | Income | 22,609 | 1,462 | 24,071 | 24,100 | |
| 8 | 22,609 | 1,462 | 24,079 | 24,109 |
| NO For |
TES TO THE ACCOUNTS the year ended 31December 2021 |
TES TO THE ACCOUNTS the year ended 31December 2021 |
TES TO THE ACCOUNTS the year ended 31December 2021 |
||
|---|---|---|---|---|---|
| 5 | DEFICIT ON ORDINARYAC~S | ||||
| Deficit on ordinary | activities | is stated after charging: | |||
| 2021 | 2020 | ||||
| Auditors remuneration |
3,000 | ||||
| Independent | examiners | remuneration | 2,000 | ||
| 2,000 | 3,000 |
| Period | |||||||
|---|---|---|---|---|---|---|---|
| from 18 | |||||||
| Restricted | October | ||||||
| Choral | Restricted | Total | 2019to31 | ||||
| Unrestricted | Scholarship | Parish | 2021 | December | |||
| Funds | Fund | Trust Fund | 2020 | ||||
| Fundraising | manager | salary | |||||
| and expenses | 4,513 | 4,514 | 9,027 | 4,017 | |||
| Portfolio management | fees | 1,262 | 1,262 | 1,147 | |||
| Support costs | 2,224 | 2 | 2,226 | 1,693 | |||
| 6,737 | 5,778 | 12,515 | 6,857 |
| 7 EXPENDIT |
URE ON | CHARITABLE | ACTIVITIES | |||
|---|---|---|---|---|---|---|
| Period | ||||||
| from 18 | ||||||
| Restricted | October | |||||
| Choral | Restricted | 2019to31 | ||||
| Unrestricted | Scholarship | Parish | Total | December | ||
| Funds | Fund | Trust Fund | 2021 | 2020 | ||
| Chorister scholarships | ||||||
| Dean Close School | 52,817 | 52,817 | 50,739 | |||
| Grant —Tewkesbury | Abbey | 4,750 | ||||
| Grant —Dean Close Foundation | 4,750 | |||||
| Celebrate costs | 25,019 | 25,019 | 6,653 | |||
| Support costs | 2,223 | 2,226 | 1,693 | |||
| 2,223 | 52,820 | 25,019 | 80,062 | 68,585 |
| Period | |||||
|---|---|---|---|---|---|
| from 18 | |||||
| Restricted | October | ||||
| Choral | Restricted | Total | 2019to31 | ||
| Unrestricted | Scholarship | Parish | 2021 | December | |
| Funds | Fund | Trust Fund | 2020 | ||
| Bank charges | 112 | 117 | 110 | ||
| Accountancy | 2,360 | 2,360 | 3,000 | ||
| Insurance | 276 | 276 | 276 | ||
| Office costs | 1,699 | 1,699 | |||
| 4,447 | 4,452 | 3,386 |
| Listed | |
|---|---|
| Securities | |
| Market value at 1 January 2021 | 921,151 |
| Additions | 6,042 |
| Disposal proceeds | (14,000) |
| Income reinvested | 1,462 |
| Net unrealised gain on revaluation ofinvestments |
63,606 |
| Net realised loss on disposals | 2,240 |
| 980,501 | |
| Market value at 31December 2021 | |
| 832,528 | |
| Historical cost at 31December 2021 |
| 10 | DEBTORS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Gift Aid recoverable | 4,356 | 1,856 | |
| Investment income due |
3,000 | 6,500 | |
| 7,356 | 8,356 | ||
| 11 | CREDITORS - due within one year | ||
| 2021 | 2020 | ||
| Accrued expenses | 34,869 | 11,760 |
| 2021: | ||||
|---|---|---|---|---|
| Restricted | ||||
| Choral | Restricted | |||
| Unrestricted | Scholarship | Parish | ||
| Funds | Fund | Trust Fund | Total | |
| E | g | |||
| Funds brought | 1,977 | 823,874 | 197,635 | 1,023,486 |
| forward | ||||
| Incoming resources | 10,747 | 41,974 | 1,462 | 54,183 |
| Outgoing resource | (8,960) | (58,598) | (25,019) | (92,577) |
| Gains and (losses) | 64,937 | 909 | 65,846 | |
| Funds carried | 3,764 | 872,187 | 174,987 | 1,050,938 |
| forward |
| Restricted | ||||
|---|---|---|---|---|
| Choral | Restricted | |||
| Unrestricted | Scholarship | Parish | ||
| Funds | Fund | Trust Fund | Total | |
| E | ||||
| Funds brought | ||||
| forward | ||||
| Incoming resources | 9,320 | 834,497 | 202,133 | 1,045,950 |
| Outgoing resource | (7,343) | (61,446) | (6,653) | (75,442) |
| Gains and (Iosses) | 50,823 | 2,155 | 52,978 | |
| Funds carried | 1,977 | 823,874 | 197,635 | 1,023,486 |
| forward |
| Restricted | ||||
|---|---|---|---|---|
| Choral | Restricted | |||
| Unrestricted | Scholarship | Parish | ||
| Funds | Fund | Trust Fund | Total | |
| 0 | P. | |||
| Investments | 875,461 | 105,040 | 980,501 | |
| Debtors | 4,356 | 3,000 | 7,356 | |
| Cash at bank | 1,408 | 16,018 | 80,524 | 97,950 |
| Creditors | (2,000) | (19,292) | (13,577) | (34,869) |
| 3,764 | 872,187 | 174,987 | 1,050,938 |
| : | ||||
|---|---|---|---|---|
| Restricted | ||||
| Choral | Restricted | |||
| Unrestricted | Scholarship | Parish | ||
| Funds | Fund | Trust Fund | Total | |
| K | ||||
| Investments | 818,481 | 102,670 | 921,151 | |
| Debtors | 1,856 | 3,500 | 3,000 | 8,356 |
| Cash at bank | 5,228 | 1,893 | 98,618 | 105,739 |
| Creditors | (5,107) | (6,653) | (11,760) | |
| 1,977 | 823,874 | 197,635 | 1,023,486 |