INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE TEMPLE MUSIC TRUST
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2020, which are set out on pages 6 to 9.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
29 October 2021
David Bartlett ACA Date
Collector’s Office, 6 King’s Bench Walk, Temple, London EC4Y
7DR
1
| Statement of fnanclal actlvitles for the year ended 31st December 2020 |
||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Resticded | Total | Total | ||
| Notee | Funds | Fund (No. 1) | Fund (No. 2) | 2020 | 2019 | |
| Income | ||||||
| Investrment Income | 1 | 19,783 | 3,445 | 27,344 | 50,572 | 63,317 |
| Bank Interest recelvable | 79 | - | 228 | |||
| Income from Donations and Legades | 1,029 | L029 | 10,000 | |||
| Total Income | 20,891 | 3445 | 27,353 | 51,689 | 73845 | |
| Expendture | ||||||
| Ependlture on Charltable ActtvMbes | ||||||
| Recording | ||||||
| Evensong | ||||||
| Holy Week Servicos | ||||||
| Contributon to muslc teacher costs | ||||||
| MusicTheory | ||||||
| Chortster Outings | ||||||
| Chorlster Prizes | ||||||
| Anthem Commisslon | ||||||
| Cholr Promotion | ||||||
| Scholarships | 90,000 | 90,000 | 12,204 | |||
| Recording | ||||||
| Administration | ||||||
| Other support for Temple Cholr | 30,000 | |||||
| Total Expenditure | 90,000 | 90,000 | 42,204 | |||
| Net Income before other recognised | ||||||
| galns/ (ossos) | 20,891 | 3,445 | (62,647) | (38,311) | 31,341 | |
| Recognised galns / (losses) on Irvestments | 15,496 | 2,698 | 21,419 | 39,613 | 239,800 | |
| Net Movement In Funds | 36,387 | 6,143 | (41,228) | 1,302 | 271,141 | |
| Fund balances brought forward at 1 anuary | 717,812 | 173,656 | 1,185,751 | 2,077,219 | 1,806,078 | |
| Fund balances caried forward | ||||||
| at 31 December | 754,199 | 179.799 | 1,144,523 | 2.076,521 | 2,077219 |
29
| Fund 1 | 2020 | 2019 |
|---|---|---|
| Brought Forward | 173,656 | 153,547 |
| Investment Income and bank interest | 3,445 | 3,775 |
| Recognised gains (losses) on investments | 2,698 | 16,334 |
| Balance at 31 December 2020 | 179,799 | 173,656 |
| Fund 2 | ||
| Brought Forward Donations Investment Income and bank interest |
1,185,7510 27,353 |
1,023,174 10,000 35,119 |
| Chartable Expenditure | (90,000) | (12,204) |
| Recognised gains (losses) in investments | 21,419 | 129,662 |
| Balance at 31 December 2020 | 1,144,523 | 1,185,751 |
| Movement in General Reserves | ||
| Brought forward | 717,812 | 629,357 |
| Donations and collections | 1,029 | |
| Investment Income and bank interest | 19,862 | 24,651 |
| Charitable expenditure | (30,000) | |
| Recognised gains / (losses) on investments | 15,496 | 93,804 |
| Balance at 31 December 2020 | 754,199 | 717,812 |