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##
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##
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
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##
##
|||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment|Funds|Funds|
||||||Funds|Funds|Funds|2021|2020|
||||||E|E|E|E|E|
|Income and Endowments|||from:|||||||
|Donations
and legacies||||2a|218,869|67,500||286,369|262,609|
|Income from charitable||activities:||||||||
|Membership
Income|||||513,583|||513,583|539,221|
|Education
&Outreach|||||15,643|||15,643|15,449|
|Publication
sales|&royalties||||208,283|||208,283|203,662|
|Area committees|||||9,459|||9,459|22,255|
|Investment
Income||||2b|7,200|23,483||30,683|29,005|
|Other Income||||2c|28,897|||28,897|27,455|
|Total Income|||||1,001,934|90,983||1,092,917|1,099,656|
|Expenditure
on:||||||||||
|Raising funds||||3|129,677|||129,677|105,280|
|Charitable
activities||||||||||
|Membership
services|||||259,055|||259,055|259,932|
|Education &Outreach|||||232,262|61,500||293,762|314,559|
|Publications|||||228,639|||228,639|335,347|
|Area committees|||||280,184|||280,184|267,609|
|Total expenditure|||||1,129,817|61,500||1,191,317|1,282,727|
|Net income/(expenditure)|||||(127,883)|29,483||(98,400)|(183,071)|
|Transfers between|funds||||2,516|(2,516)||||
|Net Gains/(losses)
on investments||||10|25,983|35,693|51,518|113,194|11,508|
|Net movement
in|funds||||(99,384)|62,660|51,518|14,794|(171,563)|
|Reconciliation
offunds:||||||||||
|Total funds brought|forward|||15|423,354|438,177|424,718|1,286,249|1,457,812|
|Total funds carried|forward|||15|323,970|500,837|476,236|1,301,043|1,286,249|
##
||||Notes|2021|2020|
|---|---|---|---|---|---|
|||||f|f|
|Fixed Assets||||||
|Intangible
assets|||8|34,053|61,923|
|Tangible assets|||9|28,284|17,516|
|Investments|||10|933,187|973,218|
|Total fixed assets||||995,524|1,052,657|
|Current Assets||||||
|Stock|||11|152,921|138,936|
|Debtors|||12|98,455|106,559|
|Areas' cash at bank|and|in hand||19,782|97,062|
|Cash at bank and in|hand|||164,114|104,315|
|Total current assets||||435,272|446,872|
|Liabilities||||||
|Creditors: Amounts|falling due within one year||13|129,753|213,280|
|Net current assets||||305,519|233,592|
|Total net assets||||1,301,043|1,286,249|
|The funds ofthe charity:||||||
|Endowment
funds|||15,16|476,236|424,718|
|Restricted
Funds|||15,17|500,837|438,177|
|Unrestricted
Funds|||15,18|323,970|423,354|
|Total Charity
Funds||||1,301,043|1,286,249|
||||||||Notes|Notes|2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||f|f|
|Cash flows from operating
activities|||||||||||
|Cash generated
from operations||||||||CF1|(137,425)|63,121|
|Net cash provided|by (used in)|operating||||activities|||(137,425)|63,121|
|Cash flows from investing
activities:|||||||||||
|Purchase of intangible
fixed assets|||||||||(2,327)|(18,431)|
|Purchase of tangible|fixed assets||||||||(21,123)|(11,343)|
|Purchase of fixed asset investments|||||||||(234,722)|(241,388)|
|Sale of fixed asset investments|||||||||377,385|58,388|
|Cash withdrawn
from investment||portfolio|||||||(946)|(6,982)|
|Interest received|||||||||(352)|(354)|
|Investment
dividends|received||||||||2,030|(4,157)|
|Net cash provided|by (used in)|investing|||activities||||119,945|(224,267)|
|Change
in cash and|cash equivalents||in|the reporting|||period||(17,480)|(161,146)|
|Cash and cash equivalents
at the beginning||||||ofthe reporting|||||
|period|||||||||201,377|362,523|
|Cash and cash equivalents
at the end|||ofthe reporting||||period|CF2|183,897|201,377|
|CF1.Reconciliation|of Net Income to||Net||Cash Flow from Operating|||Activities|||
||||||||||2021|2020|
||||||||||f|f.|
|Net movement
in funds for the reporting||||period|||||||
|(as per the statement|offinancial|activities)|||||||14,794|(171,563)|
|Depreciation
and amortisation
charges|||||||||40,553|44,728|
|Gain on investments|||||||||(101,686)|106,941|
|interest received|||||||||(1,678)|4,511|
|Decrease
in debtors|||||||||8,104|(2,427)|
|Increase / (Decrease)|in creditors||||||||(83,527)|54,923|
|(Increase) / Decrease|in stocks||||||||(13,985)||
|Net cash provided|by (used in)|operating|||activities||||(137,425)|37,113|
|CF2.Analysis of cash and cash equivalents|||||||||2021|2020|
|||||||||||f|
|Cash in hand|||||||||183,896|201,377|
|Total cash and cash|equivalents||||||||183,896|201,377|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|mic
life of each asset, which
is considered|to be:|
|---|---|
|Major software
packages|4 years|
|Other computer
hardware 8software|3 years|
|Other furniture,
plant Btequipment|5 years|
|Copyrights 8publication
rights|3-5 years|
|Website
Btwebshop|3-5 years|
##
##
##
##
##
##
##
|||||||
|---|---|---|---|---|---|
|2.|Incoming|resources||2021|2020|
|||||E|E|
|a)|Donations|and|legacies|||
||Grants and|donations||131,840|144,154|
||Affiliate fundraising|||33,942|16,078|
||Friends income|||16,208|2,347|
||Legacies|||104,379|100,030|
|||||286,369|262,609|
|b)|Investment|income||||
||Listed investments|||30,683|28,653|
||Interest on|cash deposits|||352|
|||||30,683|29,005|
|c)|Other incoming||resources|||
||Commission|||444|1,759|
||Sundry income|||28,453|25,696|
|||||28,897|27,455|
##
|||||Direct|Support|Total|Total|
|---|---|---|---|---|---|---|---|
|||||costs|Costs|2021|2020|
|||||E|E|E|E|
|Costs of Generating||Funds||||||
|Fundraising||||102,097|18,782|120,879|100,031|
|Investment|management|||8,798||8,798|5,249|
|Expenditure|on Charitable||Activities|||||
|Membership||||231,059|27,996|259,055|259,932|
|Education|and development|||243,388|50,374|293,762|314,559|
|Publications||||208,638|20,001|228,639|335,347|
|Area Committees||||227,475|52,709|280,184|267,609|
|||||1,021,455|169,862|1,191,317|1,282,727|
|fundraising
|on the|basis ofstaff cost|s. They are ma|de up as foll|ows:||||
|---|---|---|---|---|---|---|---|---|
|||Fundraising|Membership|Education|Publication|Areas|2021|2020|
|||E|||E|E|E|E|
|Office costs||15,018|22,386|40,280|15,993|42,147|135,824|149,407|
|Professional|fees|926|1,380|2,484|986|2,599|8,375|5,092|
|Finance costs||188|280|504|200|527|1,699|606|
|Depreciation||1,022|1,524|2,742|1,089|2,869|9,246|9,257|
|Amortisation||347|517|930|369|973|3,136|5,306|
|Governance||1,281|1,909|3,434|1,364|3,594|11,582|10,627|
|||18,782|27,996|50,374|20,001|52,709|169,862|180,295|
##
##
|4.Governance
Costs||||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f|f|
|Governance
meetings|and expenses|||3,017|3,063|
|Auditors
fees - audit||||4,934|4,734|
|Auditors
fees - non-audit
services||||3,630|2,830|
|||||11,581|10,627|
|5.Net income / (expenditure||for year)||||
|||||2021|2020|
|This is stated after charging:||||f|f|
|Depreciation||||10,355|8,911|
|Amortisation||||30,197|35,817|
|Auditors
remuneration|- audit|||4,934|4,734|
|Auditors
remuneration|- accountancy||services|3,630|2,830|
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|Total staff|emoluments|for the year|were as follows:|||f|f|
|Gross salaries and wages||||||584,964|584,131|
|Social security||||||40,669|41,702|
|Employers|contributions|to defined|contribution|pension|schemes|27,631|28,757|
|||||||653,264|654,590|
##
##
##
|||||||
|---|---|---|---|---|---|
|8.Intangible
fixed assets|||Copyrights
8t|Website 8t||
||||publication
rights
f|Webshop
f|Total
f|
|Cost||||||
|As at 1 January 2021|||120,943|48,282|169,225|
|Additions|||2,327||2,327|
|Disposals||||||
|As at 31 December 2021|||123,270|48,282|171,552|
|Amortisation||||||
|As at 1 January 2021|||84,230|23,072|107,302|
|Charge for the year|||21,012|9,185|30,197|
|Elimination
on disposal||||||
|As at 31 December 2021|||105,242|32,257|137,499|
|Net Book Value||||||
|As at 31 December 2021|||18,028|16,025|34,053|
|As at 31 December 2020|||36,713|25,210|61,923|
|9.Tangible fixed assets||||||
||Furniture|8t|Computer|Computer||
||Fixtures||Software|Hardware|Total|
||||f|f|f|
|Cost||||||
|As at 1 January 2021|92,133||66,463|75,497|234,093|
|Additions||537|18,147|2,439|21,123|
|Disposals||||||
|As at 31 December 2021|92,670||84,610|77936|255,216|
|Depreciation||||||
|As at 1 January 2021|86,146||66,217|64,214|216,577|
|Charge for the year|2,412||2,464|5,479|10,355|
|Elimination
on disposal||||||
|As at 31 December 2021|88,558||68,681|69,693|226,932|
|Net Book Value||||||
|As at 31 December 2021|4,112||15,929|8,243|28,284|
|As at 31 December 2020|5,987||246|11,283|17,516|
##
|10.Fixed asse|ts inv|e|stme|nts||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||f||
|Market value at 1 January||||2020||973,218|890,177|
|Additions
at cost||||||223,214|122,939|
|Disposals at carrying|||value|||(377,385)|(58,388)|
|Increase/(decrease)||in cash||||946|6,982|
|Net gain/(loss)|on revaluation|||||113,194|11,508|
|Market value at 31 December|||||2020|933,187|973,218|
|Investments
at|market||value||comprised:|||
|UK listed|investments|||||402,054|452,560|
|Overseas|listed||investments|||510,266|500,738|
|Other investments||||||||
|Cash on|deposit|||||20,867|19,920|
|||||||933,187|973,218|
|Historical cost|as at|31 December 2020||||||
|Listed investments||||||719,436|732,523|
|Cash with investments|||||manager|20,867|19,921|
|||||||740,303|752,444|
|11.Stock||||||||
|||||||2021|2020|
|||||||f|f.|
|Goods for resale||||||152,921|138,936|
|||||||152,921|138,936|
|12.Debtors||||||||
|||||||2021|2020|
|||||||f|f|
|Trade debtors||||||68,454|76,001|
|Other debtors||||||17,633|25,601|
|Prepayments
and accrued||||income||12,368|4,957|
|||||||98,455|106,559|
|13.Creditors|-amounts|||falling due within one year||||
|||||||2021|2020|
|||||||f|f|
|Trade creditors||||||21,847|34,016|
|Other creditors||||||33,541|107,284|
|Accruals||||||16,693|8,947|
|Deferred income||||||57,672|63,033|
|||||||129,753|213,280|
##
||||Friends|Membership|Courses|Other Income|Total|
|---|---|---|---|---|---|---|---|
||||E|E|E|E|E|
|Balance|Brought Forward||85|53,516|7,994|1,438|63,033|
|Amount|released to incoming|resource.|(85)|(53,516)|(7,994)|(1,438)|(63,033)|
|Amount|deferred
in the year||0|51,050|5,463|1,159|57,672|
|Balance Carried
Forward|||0|51,050|5,463|1,159|57,672|
|15.Analysis of net assets between funds||||||||
|||||Endowment|Restricted|Unrestricted||
|Fund balances are represented||by:||Funds|Funds|Funds|Total|
|||||E|E|E|E|
|Intangible|fixed assets|||||34,053|34,053|
|Tangible|fixed assets|||||28,284|28,284|
|Fixed asset investments||||476,236|277,468|179,483|933,187|
|Net current assets|||||223,369|82,151|305,519|
|Tota I net|assets|||476,236|500,837|323,970|1,301,043|
|Analysis|ofnet assets between funds - previous|||year||||
|||||Endowment|Restricted|Unrestricted||
|Fund balances are represented||by:||Funds|Funds|Funds|Total|
|||||f.|E|E|E|
|Intangible|fixed assets|||||61,923|61,923|
|Tangible|fixed assets|||||17,516|17,516|
|Fixed asset investments||||424,718|278,969|269,531|973,218|
|Net current assets|||||159,208|74,384|233,592|
|Total net|assets|||424,718|438,177|423,354|1,286,249|
##
##
||||Fund||||Gains|Fund|
|---|---|---|---|---|---|---|---|---|
||||B/Fwd|Income|Expenditure|Transfers|8t Losses|C/Fwd|
||||f|f|f|f|f|f|
|Overseas development
fund|||33,010||||4,004|37,014|
|(For overseas travel and development)|||||||||
|Hymns Ancient &Modern
Lectureship||Fund|33,185||||4,026|37,211|
|(To help pay for lecturers
on RSCM courses)|||||||||
|Harold Smart Competition
Fund|||12,041||||1,460|13,501|
|(To fund an annual
competition
for composers)|||||||||
|To provide grants to students
attending||RSCM|courses:||||||
|Hubert Crook and other bursary
funds|||171,696||||20,827|192,523|
|Wiles Family Bequest|||94,768||||11,495|106,263|
|The Minsall-Jones
Bequest|||61,553||||7,466|69,019|
|Derek Marsden
Fund for educational|bursaries||18,465||||2,240|20,705|
||||424,718||||51,518|476,236|
|Endowment
Funds - Previous year|||||||||
||||Fund||||Gains|Fund|
||||B/Fwd
f|Income
f|Expenditure
f|Transfers
f|8t Losses
f|C/Fwd
f|
|Overseas development
fund|||32,624||||386|33,010|
|(For overseas travel and development)|||||||||
|Hymns
Ancient
BcModern
Lectureship||Fund|32,797||||388|33,185|
|(To help pay for lecturers on RSCM courses)|||||||||
|Harold Smart Competition
Fund|||11,900||||141|12,041|
|(To fund
an annual
competition
for composers)|||||||||
|To provide grants to students
attending||RSCM|courses:||||||
|Hubert Crook and other bursary
funds|||169,690||||2,006|171,696|
|Wiles Family Bequest|||93,660||||1,108|94,768|
|The Minsall-Jones
Bequest|||60,834||||719|61,553|
|Derek Marsden
Fund for educational|bursaries||18,249||||216|18,465|
||||419,754||||4,964|424,718|
##
||Fund||||Gains|Fund|
|---|---|---|---|---|---|---|
||B/Fwd|Income|Expenditure|Transfers|S.Losses|C/Fwd|
||E|E|E|f.|E||
|Overseas
Development
Fund Income|4,720|1,181|||384|6,285|
|Hymns
A Bt M Lectureship
Fund Income|10,658|1,318|||867|12,843|
|Harold Smart Fund Income|7,234|551|||589|8,374|
|Hubert Crook and other Bursary Funds|47,900|6,658|||3,897|58,455|
|Wiles Family Bequest income fund|24,121|3,624|||1,962|29,707|
|The Minsall-Jones
Income Fund|12,614|2,287|||1,026|15,927|
|Derek Marsden
Fund for Education|3,783|686|||307|4,776|
|Regional development
in specific areas|1,121|25|||92|1,238|
|Bursaries for Cathedral
Courses|19,737|432|||1,606|21,775|
|Bursaries for RSCM study programmes|6,807|149|||554|7,510|
|Liz (k Terry Bramall Trust||60,000|(60,000)||||
|The Norman
Kirkham
Fund for organ scholarships|2,240|49|||182|2,471|
|RSCM Voices general
bursaries
fund|1,079|24|||88|1,191|
|John Piling Trust Fund - RSCM Voices|2,332|||(2,332)|||
|K Guppy
Fund for training/support
of boy choristers|50,864|1,114|||4,138|56,116|
|Parish Organ Scholarships
Project|5,240|115|||426|5,781|
|Post-Ordination
clergy training
project|7,697|169|||626|8,492|
|The Headley Trust bursaries
grant for young people|103|1||(103)|4|5|
|PA Mason Memorial
Fund for courses|33,437|733|||2,720|36,890|
|MB MacAuley
Fund for choir training|140,957|3,088|||11,469|155,514|
|DF Todd Fund|36,696|804|||2,986|40,486|
|Cathedral
Courses Income Fund|3,144|69|||255|3,468|
|The Patrons'
Fund 2017|81|||(81)|||
|Ouseley Trust|2,147|47|||175|2,369|
|Area funds|10,783|236|||877|11,896|
|Pipeline Organ Scholarship|198|4|||16|218|
|The Praxis Grant for Education||1,500|(1,500)||||
|Oglethorpe
Fund for bursaries
for young choristers|2,484|54|||202|2,740|
|J Thiseltori
fund for Chorister Training||2,022|||82|2,104|
|David Wlllcocks
Music Trust Grant||1,516|||61|1,577|
|The Williams
Church
Music Trust Grant||2,527|||102|2,629|
||438,177|90,983|(61,500)|(2,516)|35,693|500,837|
##
##
##
|Restricted
Funds - previous yea|r|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Fund||||Gains|Fund|
|||||B/Fwd|Income|Expenditure|Transfers|&Losses|C/Fwd|
|||||E||E|E|E||
|Overseas
Development
Fund Income||||3,661|1,031|||28|4,720|
|Hymns
A Bt M Lectureship
Fund Income||||9,440|1,146|||72|10,658|
|Harold Smart Fund Income||||6,705|478|||51|7,234|
|Hubert Crook and other Bursary Funds||||41,788|5,792|||320|47,900|
|Wiles Family Bequest income fund||||20,807|3,155|||159|24,121|
|The Minsall-Jones
Income Fund||||10,541|1,992|||81|12,614|
|Derek Marsden
Fund for Education||||3,162|597|||24|3,783|
|Regional development
in specific areas||||1,091|21|||9|1,121|
|Bursaries for Cathedral
Courses||||19,223|367|||147|19,737|
|Bursaries for RSCM study programmes||||6,630|126|||51|6,807|
|Liz BtTerry Bramall Trust|||||60,000|(60,000)||||
|The Norman
Kirkham
Fund for organ||scholarships||2,181|42|||17|2,240|
|RSCM Voices general
bursaries
fund||||1,051|20|||8|1,079|
|John Piling Trust Fund - RSCM Voices||||2,271|43|||18|2,332|
|KGuppy
Fund for training/support
of boy||choristers||49,537|945|||382|50,864|
|KGuppy
Income Fund for training
of boy||choristers||||||||
|Parish Organ Scholarships
Project||||5,104|97|||39|5,240|
|Post-Ordination
clergy training
project||||7,496|143|||58|7,697|
|The Headley Trust bursaries
grant for young|||people|100|2|||1|103|
|PA Mason Memorial
Fund for courses||||32,567|621|||249|33,437|
|PA Mason Memorial
Income Fund||||||||||
|MB MacAuley
Fund for choir training||||137,289|2,619|||1,049|140,957|
|DF Todd Fund||||35,741|682|||273|36,696|
|Cathedral
Courses Income Fund||||3,063|58|||23|3,144|
|The Patrons'
Fund 2017||||79|2||||81|
|Ouseley Trust||||2,091|40|||16|2,147|
|Area funds||||10,503|200|||80|10,783|
|To support the Cathedral
Organists|Association|||||||||
|Pipeline Organ Scholarship||||2,038|571|||9|2618|
|The Praxis Grant for Education|||||6,000|(6,000)||||
|Ogiethorpe
Fund for bursaries
for young||choristers|||628||1,846|10|2,484|
|||||414,159|87,418|(66,000)|1,846|3,174|440,597|
##
##
|||||Fund||||Gains|Gains|Fund|
|---|---|---|---|---|---|---|---|---|---|---|
|||||B/Fwd|Income|Expenditure|Transfers|Bt Losses||C/Fwd|
|||||E|E|E|E||E|E|
|Designated||funds:|||||||||
|Fixed|assets|||17,516||(10,365)|21,123|||28,274|
|Area|development|||8,934||||||8,934|
|Fair value||reserve||92,780|||||25,983|118,763|
|Cathedral||Organists|Association|10,345|6,230|(1,603)|(3,000)|||11,972|
|General|fund|||293,779|995,704|(1,117,849)|(15,607)|||156,027|
|||||423,354|1,001,934|(1,129,817)|2,516||25,983|323,970|
|Unrestricted||Funds -|previous year||||||||
|||||Fund||||Gains||Fund|
|||||B/Fwd|Income|Expenditure|Transfers|Bt|Losses|C/Fwd|
|||||E|E|E|||E||
|Designated||funds:|||||||||
|Fixed|assets|||15,084|11,343|(8,911)||||17,516|
|Area|development|||8,934||||||8,934|
|Areas|funds|||199,064|18,004|(25,435)|(191,633)||||
|Fair value||reserve||89,410|||||3,370|92,780|
|Cathedral||Organists|Association|9,803|3,705|(3,163)||||10,345|
|General|fund|||301,604|979,186|(1,176,798)|189,787||—|293,779|
|||||623,899|1,012,238|(1,214,307)|(1,846)||3,370|423,354|
##
##
|||Land and|buildings|
|---|---|---|---|
|||2021|2020|
|||f|f|
|Due|within one year|42,415|23,958|
|Due|between one and five years|32,666|19,708|
|Due|in more than five years|||
|||75,081|43,666|
##
##
##
|21.Comparative
Statemen|t of Financial A|ctivities||||
|---|---|---|---|---|---|
||||||Total|
|||Unrestricted|Restricted|Endowment|Funds|
|||Funds|Funds|Funds|2020|
|||E|E|E|E|
|Income and Endowments|from:|||||
|Donations
and legacies||196,004|66,605||262,609|
|Income from charitable
activities:||||||
|Membership
Income||539,221|||539,221|
|Education &Outreach||14,899|550||15,449|
|Publication
sales & royalties||203,662|||203,662|
|Area committees||22,255|||22,255|
|Other incoming
resources||8,742|20,263||29,005|
|Investments||27,455|||27,455|
|Total Income||1,012,238|87,418||1,099,656|
|Expenditure
on:||||||
|Raising funds||105,280|||105,280|
|Charitable
activities||||||
|Membership
Income||259,932|||259,932|
|Education &Outreach||246,139|68,420||314,559|
|Publication
sales &royalties||335,347|||335,347|
|Area committees||267,609|||267,609|
|Total expenditure||1,214,307|68,420||1,282,727|
|Net income/(expenditure)||(202,069)|18,998||(183,071)|
|Transfers between funds||(1,846)|1,846|||
|Net Gains/(losses)
on investments||3,370|3,174|4,964|11,508|
|Net movement
in funds||(200,545)|24,018|4,964|(171,563)|
|Reconciliation
offunds:||||||
|Total funds brought
forward||623,899|414,159|419,754|1,457,812|
|Total funds carried forward||423,354|438,177|424,718|1,286,249|