| Trustee: | The Chapter ofthe Cathedral | The Chapter ofthe Cathedral | Church | ofthe | ||
|---|---|---|---|---|---|---|
| Blessed Virgin Mary of | Salisbury | |||||
| Address: | 6The Close, Salisbury, | Wiltshire SP1 2EF | ||||
| Principal Officer: | Jackie Molnar - Chapter | Clerk | ||||
| Solicitors: | Parker Bullen | |||||
| 45 Castle Street, Salisbury, Wiltshire, |
SP13SS | |||||
| Bankers: | Lloyds Bank pic | |||||
| 38Blue Boar Row, Salisbury | SP1 IDB | |||||
| Independent | Examiner: | James Fletcher FCA | ||||
| Crown Chambers, Bridge Street, Salisbury, |
SP12LZ | |||||
| Charity Number: | 309485 |
| Note | Restricted | Funds | Endowment | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| General | Exhibition | Wort | Total | Funds | 2022 | 2021 | ||||
| Income and endowments from: |
||||||||||
| Voluntary income |
||||||||||
| Legacies and donations | 4,010 | 4,010 | 4,010 | 10 | ||||||
| Investment income |
102,712 | 3,046 | 3,051 | 108,809 | 108,809 | 105,679 | ||||
| Total income | 106,722 | 3,046 | 3,051 | 112,819 | 112,819 | 105,689 | ||||
| Expenditure on: |
||||||||||
| Charitable activities |
||||||||||
| Grants paid | 2 | 88,848 | 88,848 | 88,848 | 97,020 | |||||
| Insurance | 3 | 872 | 872 | 872 | 836 | |||||
| Investment Management Fees |
1,371 | 618 | 492 | 2,481 | 18,117 | 20,598 | 17,058 | |||
| Repairs | ||||||||||
| Governance costs |
3 | 1,040 | 1,040 | 1,040 | 1,040 | |||||
| Total expenditure | 92,131 | 618 | 492 | 93,241 | 18,117 | 111,358 | 115,954 | |||
| Net income / (expenditure) |
before | |||||||||
| gains and losses on investments | 14,591 | 2,428 | 2,559 | 19,578 | (18,117) | 1,461 | (10,265) | |||
| Net gains / (losses) on investments | ||||||||||
| Realised gains / (losses) on investments | 5 | |||||||||
| Unrealised gains/(losses) |
on investments | 5 | 11,595 | 5,263 | 4, | 166 | 21,024 | 153,330 | 174,354 | 264,354 |
| Net income / (expenditure) |
26,186 | 7,691 | 6,725 | 40,602 | 135,213 | 175,815 | 254,089 | |||
| Transfers between funds |
||||||||||
| Net movement in funds |
26,186 | 7,691 | 6,725 | 40,602 | 135,213 | 175,815 | 254,089 | |||
| Fund balances brought forward |
206,061 | 67,032 | 52,629 | 325,722 | 2,674,283 | 3,000,005 | 2,745,916 | |||
| Fund balances carried forward | 232,247 | 74,723 | 59,354 | 366,324 | 2,809,496 | 3,175,820 | 3,000,005 |
| Notes | 31stMarch 2022 | 31stMarch 2021 | ||
|---|---|---|---|---|
| FIXEDASSETS | ||||
| Investment properties |
1,010,000 | 1,010,000 | ||
| Investments | 1,831,771 | 1,678,015 | ||
| 2,841,771 | 2,688,015 | |||
| CURRENT ASSETS | ||||
| Debtors | 39,061 | 55,394 | ||
| Cash at bank and in hand | 306,347 | 267,413 | ||
| 345,408 | 322,807 | |||
| CREDITORS: Amounts | falling due | |||
| within one year | 11,359 | 10,817 | ||
| NET CURRENT ASSETS | 334,049 | 311,990 | ||
| NET ASSETS | f3,175,820 | K3,000,005 | ||
| Representing: | ||||
| FUNDS | ||||
| Endowment Funds |
2,809,496 | 2,674,283 | ||
| Restricted Funds | 366,324 | 325,722 | ||
| K3,175,820 | 63,000,005 | |||
| Signed on behalf ofthe Trustee: | ||||
| ter Clerk | ||||
| Approved by the Trustee: |
| 4. | INVESTMENT PROPERTIES | 31.322 | 31.3.21 |
|---|---|---|---|
| Choristers' | Choristers' | ||
| Endowment | Endowment | ||
| Market valuation | Fund | Fund | |
| As at 1stApril 2021 | 1,010,000 | 1,010,000 | |
| Revaluation | |||
| As at 31March 2022 | K1,010,000 | K1,010,000 |
| Choristers' | Choristers' | Wort | ||||||
|---|---|---|---|---|---|---|---|---|
| Endowment | Exhibition | Organ | ||||||
| Fund | Fund | Fund | Total | |||||
| Market value at | 1stApril 2021 | 1,494,832 | 94,456 | 88,727 | 1,678,015 | |||
| Additions | ||||||||
| Disposals | ||||||||
| Unrealised gains |
/ (losses) in year | 136,669 | 8,975 | 8,112 | 153,756 | |||
| Market value at | 31March 2022 | K1,631,501 | f.103,431 | f96,839 | 61,831,771 | |||
| Cost at 31March | 2022 | f993,819 | f62,241 | f58,429 | f.1,114,489 | |||
| Cost at 31stMarch 2021 | f993,819 | f62,241 | f58,429 | f.l,114,489 | ||||
| The investments | consist | of:- | ||||||
| CCLA | 1,831,771 | |||||||
| Cash held for investment | ||||||||
| Cash held by Salisbury | Cathedral | Choral Foundation | ||||||
| K1,831,771 | ||||||||
| INVESTMENTS - PRIOR YEAR | Choristers' | Choristers' | Wort | |||||
| Endowment | Exhibition | Organ | ||||||
| Fund | Fund | Fund | Total | |||||
| Market value at | 1stApril 2020 | 1,290,456 | 79,540 | 75,830 | 1,445,826 | |||
| Increase in cash | ||||||||
| held for investment | ||||||||
| Unrealised gains |
/ (losses) in year | 219,477 | 14,922 | 12,897 | 247,296 | |||
| Market value at | 31March 2021 | f.1,494,832 | f94,456 | f.88,727 | 61,678,015 | |||
| Cost at 31March | 2021 | f993,819 | f62,241 | f58,429 | K1,114,489 | |||
| Cost at 31stMarch 2020 | f993,819 | f62,241 | f58,429 | K1,114,489 | ||||
| The investments | consist | of:- | ||||||
| CCLA | 1,678,015 | |||||||
| Cash held for investment | ||||||||
| Cash held by Salisbury | Cathedral | Choral Foundation | ||||||
| K1,678,015 |
| 31.3.22 | 31.3.21 | ||||||
|---|---|---|---|---|---|---|---|
| Accrued Income | 14,824 | 14,662 | |||||
| Salisbury | Cathedral | 24,237 | 40,732 | ||||
| Choral Foundation | |||||||
| K39,061 | f55,394 | ||||||
| 7. | CREDITORS: | ||||||
| Amounts | falling due within one year | ||||||
| Salisbury | Cathedral | ||||||
| Deferred | Income | 10,319 | 9,817 | ||||
| Accruals | 1,040 | 1,000 | |||||
| XII,359 | f.10,817 | ||||||
| 8. | ENDOWMENTS | ||||||
| Balance at | Movement | in Funds | Balance at | ||||
| 1stApril | Income / | Gains/ | 31 March | ||||
| 2021 | ~Ex enditure | ~Losses | 2022 | ||||
| General Fund | 2,548,192 | (16,946) | 143,390 | 2,674,636 | |||
| Exhibition | Fund | 62,498 | (576) | 5,033 | 66,955 | ||
| Wort Organ Fund | 63,593 | (595) | 4,907 | 67,905 | |||
| K2,674,283 | (f.18,117) | K153,330 | f2,809,496 |
| ENDOWMENTS - PRIOR Y | EAR | |||
|---|---|---|---|---|
| Balance at | Movement | in Funds | Balance at | |
| 1stApril | Income / | Gains/ | 31 March | |
| 2020 | ~Ex enditure | LLLosses | 2021 | |
| General Fund | 2,345,065 | (14,064) | 217,191 | 2,548,192 |
| Exhibition Fund | 55,131 | (478) | 7,845 | 62,498 |
| Wort Organ Fund | 56,355 | (501) | 7,739 | 63,593 |
| K2,456,551 | (f.15,043) | f232,775 | 12,674,283 |
| RESTRIC | TED FUNDS | |||||
|---|---|---|---|---|---|---|
| Movement | in Funds | |||||
| Balance at ~lA ril 202l |
Incoming Resources |
Expenditure and Transfers |
Gains and losses |
Balance at 31 March 2022 |
||
| General Fund | 206,061 | 106,722 | (92,131) | 11,595 | 232,247 | |
| Exhibition | Fund | 67,032 | 3,046 | (618) | 5,263 | 74,723 |
| Wort Organ Fund | 52,629 | 3,051 | (492) | 4,166 | 59,354 | |
| 6325,722 | f112,819 | (f.93,241) | E21,024 | f366,324 | ||
| RESTRICTED FUNDS - PRIOR YEAR | ||||||
| Movement | in Funds | |||||
| Balance at | Incoming | Expenditure | Gains | Balance at | ||
| ~1A ril 2020 | Resources | and Transfers | and losses | 31 March 2021 | ||
| General Fund | 188,761 | 99,846 | (100,028) | 17,482 | 206,061 | |
| Exhibition | Fund | 56,539 | 2,938 | (491) | 8,046 | 67,032 |
| Wort Organ | Fund | 44,065 | 2,905 | (392) | 6,051 | 52,629 |
| 2289,365 | f.105,689 | (f100,911) | f31,579 | 6325,722 |
| Note | Restricted | Funds | Endowment | Total | ||||
|---|---|---|---|---|---|---|---|---|
| General | Exhibition | Wort | Total | Funds | 2021 | |||
| Income and endowments from: |
||||||||
| Voluntary income |
||||||||
| Legacies aud donations | 10 | 10 | 10 | |||||
| Investment income |
99,836 | 2,938 | 2,905 | 105,679 | 105,679 | |||
| Total income | 99,846 | 2,938 | 2,905 | 105,689 | 105,689 | |||
| Expenditure on: |
||||||||
| Charitable activities |
||||||||
| Grants paid | 2 | 97,020 | 97,020 | 97,020 | ||||
| Insurance | 3 | 836 | 836 | 836 | ||||
| Management Fees |
1,132 | 491 | 392 | 2,015 | 15,043 | 17,058 | ||
| Repairs | ||||||||
| Governance costs |
3 | 1,040 | 1,040 | 1,040 | ||||
| Total expenditure | 100,028 | 491 | 392 | 100,911 | 15,043 | 115,954 | ||
| Net income / (expenditure) |
before | |||||||
| gains and losses on investments | (182) | 2,447 | 2,513 | 4,778 | (15,043) | (10,265) | ||
| Net gains / (losses) on investments | ||||||||
| Realised gains / (losses) | on investments | 5 | ||||||
| Unrealised gains/(losses) |
on investments | 5 | 17,482 | 8,046 | 6,051 | 31,579 | 232,775 | 264,354 |
| Net income / (expenditure) | 17,300 | 10,493 | 8,564 | 36,357 | 217,732 | 254,089 | ||
| Transfers between funds | ||||||||
| Net movement in funds |
17,300 | 10,493 | 8,564 | 36,357 | 217,732 | 254,089 | ||
| Fund balances brought forward |
188,761 | 56,539 | 44,065 | 289,365 | 2,456,551 | 2,745,916 | ||
| Fund balances carried forward | 206,061 | 67,032 | 52,629 | 325,722 | 2,674,283 | 3,000,005 |