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|CONTENTS||
|---|---|
||Page|
|Reference and administrative details of the charity, its trustees and advisers|1-2|
|Trustees' report|3-5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9-16|
|The following pages do not form part of the statutory financial statements:||
|Detailed income and expenditure account and summaries|17-18|
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|||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|
|||funds funds||funds|funds|
||2021 2021
Note £ £|||2021£|2020
£|
|INCOME AND ENDOWMENTS FROIVI:||||||
|investments|2|8,331|175,536|183,867|172,688|
|TOTAL INCOME AND ENDOWMENTS||8,331|175,536|183,867|172,688|
|EXPENDITURE ON:||||||
|Raising funds
Charitable activities:|3||2,572|2,572|4,861|
|Governance costs
Support Costs
Other charitable activities|46
5|10,442|1,572
19,772
36,903|1,572
19,772
47,345|1,572
21.426
45.318|
|TOTAL EXPENDITURE||10,442|60,819|71,261|73,177|
|NET INCOME / (EXPENDITURE) BEFORE
INVESTMENT GAINS
Net gains on investments|9|(2,111)
32,594|114,717
600,771|112,60S
633,365|99.511
20.327|
|NET INCOME AFTER INVESTMENT GAINS||30,483|715,488|745,971|119,838|
|Transfers between Funds|13|75,000|(75,000)|||
|NET INCOME BEFORE OTHER||||||
|RECOGNISED GAINS AND LOSSES||105,483|640,488|745,971|119,838|
|NET MOVEMENT IN FUNDS||105,483|640,488|745,971|119,838|
|RECONCILIATION OF FUNDS:||||||
|Total funds brought forward||177,066 5,517,260 5,694,326 5,574,488||||
|TOTAL FUNDS CARRIED FORWARD||282,549 6,157,748 6,440,297 5,694,326||||
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||||2021||2020|
|---|---|---|---|---|---|
||Note|£|£|£|£|
|FIXED ASSETS||||||
|Investments|9||6,269,353||4,435,988|
|CURRENT ASSETS||||||
|Debtors|10|29,673||506,026||
|Cash at bank and in hand||147,974||755,884||
|||177,647||1,261,910||
|CREDITORS: amounts falling due within||||||
|one year|11|(6,703)||(3,572)||
|NET CURRENT ASSETS|||170,944||1,258,338|
|NET ASSETS|||6,440,297||5,694,326|
|CHARITY FUNDS||||||
|Endowment funds|13||6,157,748||5.517,260|
|Unrestricted funds|13||282,549||177,066|
|TOTAL FUND?,I|||6,440,297||5,694,326|
|^:.?
Tl^,e financia^^teh^nts were approved by the Trustees
x\^.^||on ^ ^•\)>\\\ V.'3 2. \ and signed on their behalf, by:||||
|BocfurN-G~ffluffif6rd, ChaTrman—3||||||
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|INVESTMENT INCOME||||
|---|---|---|---|
||Designated|||
||Chorister Endowment|Total|Total|
||Fund funds|funds|funds|
||2021 2021
£ £|2021
£|2020£|
|Income from UK Investment properties
M & G Securities
Bank Interest receivable|8,331
33,463
141,965
108|33,463
150,296
108|33,129
139,273
286|
||8,331 175,536|183,867|172.688|
|Total 2020|10,355 162.333|172,688||
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|||Designated|||
|---|---|---|---|---|
|||Chorister Endowment|Total|Total|
|||Fund funds|funds|funds|
|||2021 2021
£ £|2021£|2020£|
||Rent collection
Insurance
Legal fees|2,044
528|2,044
528|1.979
527
2,355|
|||2,572|2,572|4.B61|
||Total 2020|4,861|4,861||
|4.|GOVERNANCE COSTS||||
|||Designated|||
|||Chorister Endowment|Total|Total|
|||Fund funds|funds|funds|
|||2021 2021
£ £|2021£|2020£|
||Independent Examiner's Fees|1,572|1,572|1,572|
|5.|ANALYSIS OF GRANTS||||
|ANALYSIS OF GRANTS|||||
|---|---|---|---|---|
||Grants to Grants to||||
||Institutions Individuals||Total|Total|
||2021 2021
£ £||2021£|2020
£|
|Grants to individuals
Moieties
Refunds
Centre 33
Coronavirus support grant
King's School choristers|15,119
11,000
(6,216)
10,442
17,000||15,119
11,000
(6,216)
17,000
10,442|22,308
10,750
(1,158)
1,125
12.293|
||10,442
36,903||47,345|45,318|
|||==|||
|Tote/ 2020|13,418
31,900||45,318||
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|SUPPORT COSTS||||
|---|---|---|---|
||Endowment|||
||Funds|Total|Total|
||2021
£|2021£|2020
£|
|Secretarial expenses
Administrative lunches|18,700
17|18,700
17|19,737
729|
|Website costs|89|89||
|Bibles|500|500|3|
|Printing and stationery including Graphic||||
|Design work|459|459|957|
|Bank charges|7|7||
||19,772|19,772|21,426|
|Total 2020|21,426|21,426||
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|DEBTORS|||
|---|---|---|
||2021£|2020
£|
|Trade debtors|10,483|16,135|
|Other debtors|19,190|489,891|
||29,673|506,026|
|REDITORS: Amounts falling due within one year|||
||2021£|2020
£|
|Accruals and deferred income|6,703|3,572|
|NANCIAL INSTRUMENTS|||
||2021£|2020£|
|Financial assets measured at fair value through income and|||
|expenditure|6,269,353|4,435,988|
|Financial assets measured at amortised cost|29,673|506,026|
||6,299,026|4,942,014|
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||Balance at
26 March|||Transfers Gains/|Transfers Gains/|Balance at
25 March|
|---|---|---|---|---|---|---|
||2020
£|Income Expenditure in/out (Losses)
£ £ £ £||||2021£|
|Endowment funds|||||||
|Endowment Fund|5,517,260|175,536|(60,819)|(75,000) 600,771 6,157,748|||
|Unrestricted funds|||||||
|Designated Chorister|||||||
|Fund
Designated Emergency|177,066|8,331|(10,442)||32,594|207,549|
|operating Fund||||75,000||75,000|
||177,066|8,331|(10,442)|75,000|32,594|282,549|
|Total of funds|5,694,326|183,867|(71,261)||633,365 6,440,297||
|STATEMENT OF FUNDS -|PRIOR YEAR||||||
|||Balance ai||||Balance at|
|||26 March|||Gains/|25 March|
|||2019
£|Income Expenditure
£ £||(Losses)£|2020£|
|Endowment Fund||5.352,346|162,333|(60,884)|63,465 5,517,260||
|Unrestricted funds|||||||
|Designated Chorister Fund||222,142|10,355|(12,293) (43,138) 177,066|||
|Total of funds|5,574,488||172,688|03,177)|20,327 5,694,326||
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||Unrestricted Endowment|Total|
|---|---|---|
||funds funds|funds|
||2021 2021
£ £|2021£|
|Fixed asset investments
Current assets
Creditors due within one year|187,000
95,549
6,082,353
82,098
(6,703)|6,269,353
177,647
(6,703)|
||282,549 6,157,748 6,440,297||
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||Unrestricted|Endowment|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020|2020|
||£|£|£|
|Fixed asset investments
Current assets
Creditors due within one year|154,408
22,658|4,281,580
1,239,252
(3,572)|4,435,988
1,261,909
(3,672}|
||^77,066|5,517,260|5,694,325|
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|||2021||2020|
|---|---|---|---|---|
|||£||£|
|INVESTMENT INCOME|||||
|Charity investment income - listed|||||
|investments|||||
|Endowment Fund - Charifund Income
Chorister Fund - Charifund Income|141,965
8,331||128,918
10.355||
|Interest received|108||286||
|Rental income|33,463||33,129||
|TOTAL INVESTMENT INCOME||183,867||172,688|
|LESS: INVESTMENT EXPENDITURE|||||
|Rent collection charges
Insurance|2,044
528||1,979
528||
|Legal and professional fees|||2,355||
|TOTAL INVESTMENT EXPENDITURE||2,572||4,862|
|NET INCOME FROM CHARITABLE|||||
|SOURCES||181,295||167,826|
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|||2021||2020|
|---|---|---|---|---|
|||£||£|
|NET INCOME FROM CHARITABLE
SOURCES (brought forward)||181,295||167,826|
|CHARITABLE ACTIVITIES|||||
|Grants|||||
|Grants to individuals
Moieties
Covid-19 Support grants|15,119
11,000
17,000||22,308
10,750||
|Centre 33
Kings School Chorister
Grants cancelled and returned cheques|10,442
(6,216)||1.125
12,293
(1,158)||
|Governance costs
Independent examination|1,572|47,345|1,572|45,318|
|Support costs||1,572||1,572|
|Secretarial expenses
Administrative lunches|18,700
17||1Q.737
728||
|Website costs|89||||
|Bibtes|500||3||
|Printing, advertising and graphic design costs|459||957||
|Bank charges|7||||
|||19,772||21,425|
|TOTAL CHARITABLE ACTIVITIES||68,689||68,315|
|NET INCOIVIE FOR THE YEAR||112,606||99.511|