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|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|||||
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|||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|
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|||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:|||||
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|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|
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||||||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|
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|||||||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|
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|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|
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|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|
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|||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|