| Total | ||||||
|---|---|---|---|---|---|---|
| Funds | ||||||
| 2022 | ||||||
| f. | ||||||
| income and Endowments | ||||||
| Donations and legacies lncorne from investments |
5,956 | 4,1?8 | ||||
| interest receivable | 1,567 | |||||
| incom from charitable activities |
||||||
| Concerts promoted by Schola Other performances 2022 Reunion |
778 7,020 |
7,589 7,020 |
1,3?9 2,761 21,021 |
|||
| Total Income and Endowments | 13,754 | 'l,864 | 42,429 | 30,300 | ||
| Expenditure | ||||||
| Ex nditure on charitable acti |
6,798 | 17,729 | ||||
| Total Expenditure | 8,258 | 6,798 | 32,785 | 32,211 | ||
| Net incomel(expenditure) | before gains | |||||
| and losses on investments | 5,496 | (4,934) | 9,644 | (1,911) | ||
| Net gains/(losses) on investments |
172 | (601) | ||||
| Net Income/(expenditure) | (4,762) | 9,816 | (2,512) | |||
| Transfers between funds | 5,000 | |||||
| Net Movement in Funds Balances brought forward at |
496 | 238 | 9,816 | (2,512) | ||
| 1stAugust 2022 |
1,054 | 54,489 | 55,543 | 58,055 | ||
| Balances carried forward | at | |||||
| 31stJuly 2023 | 1,550 | 54,727 | 9,082 | 65,359 | 55,543 |
| 2923 | ||
|---|---|---|
| f. | ||
| FiXEDASSETS | ||
| investments | 49,930 | |
| CURRENT ASSETS | ||
| Debtors Cash at bank |
2,724 12,533 |
740 4,873 |
| 15,257 | ||
| Creditors: amounts faIing | ||
| due within one year | ||
| NET CURRENT ASSETS | 15,257 | 5,613 |
| TOTAL NETASSETS | 65,359 | 55,543 |
| REPRESENTED BY | ||
| Unrestficted funds Restricted Funds |
56,277 9,082 |
55,543 |
| 55,543 |
| ACCOUNTING POUCIES |
||||
|---|---|---|---|---|
| Basis ofaccounting | ||||
| Basis of accounting: The financial statements have btxfn prepared in accordance with AtxXfunting and Reporting CharIes: Stafamerit of Recommended Practice 20tg. Assets and liabiTitfes are initismy recognised at historical cost transacbon value unless otherwise stated in the refevant accounting policy note(s). |
by or |
|||
| Going concern | ||||
| The accourita have beert prepared on a going coricem basis |
||||
| Incoming resources | ||||
| fncoming resources fram chsritabfe activities represents the amounts receivable forgoods and services from conaeits and record safes; these are included in the accounts in the year in which the concerts place. |
invoiced, income or CD sales took |
|||
| Donations and similar incoming resources |
||||
| Donations and similar income are reaognised ons receipts basis. |
||||
| Gilt Aid recoverable is accounted for in the same period ssthe related donation. |
||||
| Resources expended Expenditure, including any irrecoverable VAT, is accounted for on an~s basis and has been |
classified under |
|||
| headings that aggregate aff costs related to the category. Where costs cannot be directly atfributed headings they have been allocated ta scbvities onabasis consisb*.nt with use ofthe resources |
to | particular | ||
| Investments | ||||
| Investment income is recorded veen receivabis. |
||||
| Investments are shown at market vaiue as atthe year~d. Movements in market value are shown in the Statement ofFinancial Acbvities. |
||||
| Foreign currencies | ||||
| Assets snd ffabiTTfes held in foreign cunencies at the year end are translated into sterling at year-end exchange rates and dNarences are dealt with through the Statement of Financial Act%ties. Exchange rate dffferencm arising from currency transactions are dealt with in the Statement of Financial Activities, at the prevailing exchange rate on the date of bansactlan. |
||||
| Fund a~untfng | ||||
| Unrestricted Funds: |
||||
| General Fund | ||||
| These are funds which are being used in accordance with the charitable objects ofthe choir. | ||||
| Designated Funds: | ||||
| Cattdt!Ctaf'8 FUitd | ||||
| This fund has been built up from donations. Itisthe Trustees' poiicy ta charge only the conductor's basic against this whilst fees for extra performances snd travel expenses are charged tothe General Fund. |
annual | stipend | ||
| James Burton Conducting Fund |
||||
| This fund was established in 2016-2017and named after Schola's Canductor and Director of Music for t5 years. The Fund in principle wiI contribute towards Schols's conductor, in particular the conducting fellow. The Lydia Press Memorial Fund |
||||
| Established tocommemorate aChar member who died in a mountaineering accident in May 2008,the Fund funded a commission forthe 2010Reunion. Since then it has inter alia funded support forthe choir's Events ~dinstor. |
initially and Alumni |
|||
| Psst Tours | ||||
| The balance on this fund represents the unused part ofthe surptus on past tours snd isto be used tours |
||||
| Restricted Funds: | ||||
| The Roger snd Ingrid Pilkington Trust Grant |
||||
| ln June 2023Schofa was swarded agrant off'20,000per annum over 3years by the Roger and ingrid Pilkfngton The intention is forthese funds toenable a number ofinititiatives which will prepare Schola foran enhannxl rale 2025 with the opening afOxford University's new centre forfhe Humanities. |
Trust. from |
| Ctfhil |
||||
|---|---|---|---|---|
| oss ocartabe activity |
Running | 2025 Dev. | Total | Total |
| the Choir's | eioprnent | 2023 | 2022 | |
| Programme | project | |||
| R | ||||
| Direct Costs Conductor'8 fees Library rent and music Administrator Subs 8 general expenses Marketing Expenses 2022 Reunion expenses |
3,365 8,718 2,087 556 330 |
13,309 900 3,520 |
16,674 9,618 2,087 3,520 556 330 |
1,704 6,500 2,882 228 210 20,687 |
| 15,056 | 17,729 | 32,785 | 32,211 |
| 2022 | ||
|---|---|---|
| Market value at 1stAugust | 50,531 | |
| Net disposal ofUnits | ||
| Unrealised gain/(loss) |
||
| Market value at 31stJuly | 50,102 | |
| Cost 31stJuly | 32,174 |
| 2023 | 2022 | |
|---|---|---|
| Accrued income | 589 | |
| Other debtors 8 prepayments | 2,724 | 151 |
| 2„724 | 740 | |
| 2023 | 2022 | |
| 12,533 | 4,873 |
| 7 | Creditors - due within one year | Creditors - due within one year | 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| Accruals 8 prepayments | f. | |||||||
| As at | Incoming | Outgoing | Fund | Investment | As at | |||
| 1August '22 | resources | resources | Transfers | Gains | 31JuIy '23 | |||
| R | ||||||||
| 1,054 | 13,754 | (8,258) | (5,000) | |||||
| 13,754 | 8,258 | 5,000) | 1,550 | |||||
| Designated | - Conductor' s JBurton Fund LPress Fund Past Tours |
41,244 5,490 4,574 3,181 54,489 |
1,864 1,864 |
(6,79&) 6,798 |
5,000 | 172 172 |
41,482 5,490 4,574 3,'l81 54,727 |
|
| Restricted | ||||||||
| 2025Development | 26,811 | 17,729 | ||||||
| 26,811 | 'I7,729 | 9,082 | ||||||
| Total funds | 55,543 | 42,429 | (32,785 |