2022-12-31-accounts

Advisers
Auditors			Rothmans Audit LLP Avebury		House, 6	St Peter		Street, Winchester,
			SO23 BBN
Principal	Bankers		Santander, Bootle, Merseyside,		L304GB
Common		Banking	CAF (Charities Aid Foundation),		25 Kings	Hill	Avenue,		Kings	Hill,	West
			Mailing, Kent ME19 4TA
Insurance		Brokers	Bridges Insurance Brokers, 61		Northdown	Road,		Cliftonville,		Margate,
			Kent CT9 2RJ
Investment		Managers	Brewin Dolphin, 12Smithfield		Street, London		EC1A 9BD
Solicitors			Batt Broadbent, 44 Castle St,	Salisbury SP1 3TX
Pensions	Administrators		Origen Financial Services	Ltd, Infor		House,		1	Lakeside		Road,
			Farnborough GU14 6XP

em	bership figures at the	end of2022 sto	od as	follows:
		Number	of	Previous	Trend
		Memberships		year
UK	Group {Affiliate)	3040		3098	-58
UK	Individual	1074		1056	+18
UK	Student	40

								Total	Total
					Unrestricted	Restricted	Endowment	Funds	Funds
					Funds	Funds	Funds	2022	2021
					E		E	f
Income and Endowments			from:
Donations and legacies				2a	212,144	74,964		287,108	286,369
Income from charitable		activities:
Membership Income					480,185			480,185	513,583
Education BtOutreach					104,998			104,998	15,643
Publication sales	8,royalties				316,306			316,306	208,283
Area Teams					' 42017			42,017	9,459
investment Income				2b	3,608	22,963		26,571	30,683
Other Income				2c	7,079			7,079	28,897
Total Income					1,166,337	97,927		1,264,264	1,092,917
Expenditure on:
Raising funds				3	136,743			136,743	129,677
Charitable activities
Membership services					296,430			296,430	259,055
Education BtOutreach					267,337	66,276		333,613	293,762
Publications					326,540			326,540	228,639
Area Teams					288,944			288,944	280,184
Total expenditure					1,315,994	66,276		1,382,270	1,191,317
Net income/{expenditure)					(149,657)	31,651		(118,006)	(98,400)
Transfers between	funds
Net Gains/(losses) on investments				10	(15,284)	(39,473)	(57,790)	(112,547)	113,194
Net movement in	funds				(164,941)	(7,822)	(57,790)	(230,553)	14,794
Reconciliation offunds:
Total funds brought	forward			15	323,970	500,837	476,236	1,301,043	1,286,249
Total funds carried	forward			15	159,029	493,Q15	418,446	1,070,490	1,3Q1,043

		Notes	2022	2021
				f
Fixed Assets
Intangible assets		8	8,430	34,053
Tangible assets		9	28,700	28,284
Investments in Subsidiaries		10	1
Investments		11	814,955	933,187
Total fixed assets			852,086	995,524
Current Assets
Stock		12	147,518	152,921
Debtors		13	141,876	98,455
Areas' cash at bank	and in hand		19,210	19,782
Cash at bank and in	hand		109,226	164,114
Total current assets			417,830	435,272
Liabilities
Creditors: Amounts	falling due within one year	14	199,426	129,753
Net current assets			218,404	305,519
Total net assets			1,070,490	1,301,043
The funds ofthe charity:
Endowment funds		16,17	418,446	476,236
Restricted Funds		16,18	493,015	500,837
Unrestricted Funds		16,18	159,029	323,970
Total Charity Funds			1,070,490	1,301,043

					Notes	Notes	2022	2021
							f	E
Cash flows from operating activities
Cash generated from operations						CF1	(69,845)	(137,426)
Net cash provided by {used in) operating				activities			(69,845)	(137,426)
Cash flows from investing activities:
Purchase of intangible fixed assets								(2,327)
Purchase oftangible fixed assets							(17,871)	(21,123)
Purchase offixed asset investments							(257,576)	(234,722)
Sale offixed asset investments							270,916	377,385
Cash withdrawn from investment portfolio							(7,655)	(946)
Interest received								(352)
Investment dividends received							26,571	2,030
Net cash provided by (used in) investing			activities				14,385	119,945
Change in cash and cash equivalents	in	the reporting			period		(55,460)	(17,481)
Cash and cash equivalents at the beginning				ofthe reporting
period							183,896	201,377
Cash and cash equivalents at the end	ofthe reporting				period	CF2	128,436	183,896
CF1.Reconciliation of Net Income to	Net		Cash Flow from Operating			Activities
							2022	2021
							f
Net movement in funds for the reporting		period
(asper the statement offinancial activities)							(230,553)	14,794
Depreciation and amortisation charges							43,077	40,552
Gain on investments							112,547	(101,686)
interest received							(26,571)	(1,678)
Decrease in debtors							(43,421)	8,104
Increase / (Decrease) in creditors							69,673	(83,527)
(Increase) / Decrease in stocks							5,403	(13,985)
Net cash provided by (used in) operating			activities				(69,845)	(137,426)
CF2.Analysis of cash and cash equivalents							2022	2021
Cash at bank and in hand							128,436	183,896
Total cash and cash equivalents							128,436	183,896

mic life ofeach asset, whi	ch is considered	to be:
Major software packages		4 years
Other computer hardware	&software	3 years
Other furniture, plant &equipment		5 years
Copyrights &publication	rights	3-5 years
Website &.webshop		3-5years

2.Incoming	resources	resources						2022	2021
								f	f.
a) Donations	and	legacies
Grants and	donations							128,890	131,840
Affiliate fundraising								35,084	33,942
Friends income								17,585	16,208
Legacies								105,549	104,379
								287,108	286,369
b) Investment	income
Listed investments								26,571	30,683
Interest on	cash deposits
								26,571	30,683
c)Other incoming		resources
Commission								2,211	444
Sundry income								4,868	28,453
								7,079	28,897
Sundry Income includes fNil of coronavirus				relief grants received from	the UK Government			(2021:f22,400)
3.Total resources		expended
				Direct		Support		Total	Total
				costs		Costs		2022	2021
				E		E			E
Costs of Generating		Funds
Fundraising				110,705		19,130		129,835	120,879
Investment	management				6,908			6,908	8,798
Expenditure on Charitable			Activities
Membership				264,808		31,622		296,430	259,055
Education and development				295,667		37,946		333,613	293,762
Publications				305,772		20,768		326,540	228,639
Area Teams				237,022		51,922		288,944	280,184
				1,220,882		161,388	1,382,270		1,191,317

fundraising	on the	basis of staff cost	s. They are ma	de up as foll	ows:
		Fundraising	Membership	Education	Publication	Areas	2022	2021
		E	E	E		E	f	E
Office costs		15,202	25,128	30,152	16,503	41,258	128,243	135,824
Professional	fees							8,375
Finance costs		399	660	792	433	1,083	3,367	1,699
Depreciation		2,068	3,418	4,102	2,245	5,613	17,446	9,246
Amortisation		229	379	455	249	623	1,935	3,136
Governance		1,232	2,037	2,445	1,338	3,345	10,397	11,582
		19,130	31,622	37,946	20,768	51,922	161,388	169,862

4.Governance	Costs
													2022	2021
													f	f.
Governance meetings		and expenses											2,866	3,017
Auditors fees	- audit												4,698	4,934
Auditors fees	- non-audit		services										2,833	3,630
													10,397	11,581
5.Net income / (expenditure				for year)
													2022	2021
This is stated	after charging:												f	F
Depreciation													17,455	10,355
Amortisation													25,623	30,197
Auditors remuneration		-	audit										4,698	4,934
Auditors remuneration		-	accountancy		services								2,833	3,630
In 2021 and 2022 audit			services were		provided		by Rothmans		Audit		LLP and	accountancy	services were provided
by Rothmans	LLP, a partnership			associated		with	Rothmans	Audit		LLP.
6.Staff Costs
													2022	2021
Total staff emoluments		for the		year were as		follows:								f.
Gross salaries	and wages												561,558	584,964
Social security													41,766	40,669
Employers contributions			to defined contribution				pension	schemes					22,689	27,631
												626,013		653,264

The total remuneration,	The total remuneration,		including	employer	national	insurance	and	pension	contributions,	of	the	key
manaqement	personnel	was	E96,693	(2021:f130,958).
The average	monthly head count of			employees	in the year	was as follows:
Membership									2			2
Education and development									8			11
Publications									2			3
Governance,	area teams	and fundraising							14			15
									26			31

8.Intangible	fixed assets	Copyrights	8t	Website 8t
		publication rights		Webshop	Total
		E		E	E
Cost
As at 1 January	2022	123,270		48,282	171,552
Additions
Disposals
As at 31 December 2022		123,270		48,282	171,552
Amortisation
As at 1 January	2022	105,242		32,257	137,499
Charge for the	year	16,545		9,078	25,623
Elimination on	disposal
As at 31 December 2022		121,787		41,335	163,122
Net Book Value
As at 31 December 2022		1,483			8,430
As at 31 December 2021		18,028		16,025	34,053
9.Tangible fixed assets
					Furniture
					8t Equipment
					E
Cost
As at 1 January	2022				255,216
Additions					17,871
Disposals
As at 31 December 202Z					273,087
Depreciation
As at 1 January	2022				226,932
Charge for the	year				1?,455
Elimination on	disposal
As at 31 December 2022					244,387
Net Book Value
As at 31 December 2022					28,700
As at 31 December 2021					28,284

11.Fixed assets investments
		2022	2021
Market value at 1 January 2022		933,187	973,218
Additions at cost		257,576	223,214
Disposals at carrying value		(270,916)	(377,385)
Increase/(decrease) in cash		7,655	946
Net gain/(loss) on revaluation		(112,547)	113,194
Market value at 31 December	2022	814,955	933,187
investments at market value	comprised:
UK listed investments		330,221	402,054
Overseas listed investments		456,212	510,266
Other investments
Cash on deposit		28,522	20,867
		814,955	933,187
Historical cost as at 31 December 2022
Listed investments		767,509	719,436
Cash with investments	manager	28,522	20,867
		796,031	740,303
12.Stock
		2022	2021
		E
Goods for resale		147,518	152,921
		147,518	152,921
13.Debtors
		2022f	2021
Trade debtors		80,754	68,454
Other debtors		37,298	17,633
Prepayments and accrued income		23,824	12,368
		141,876	98,455

		2022	2021
		E	E
Trade creditors		66,504	21,847
Other creditors		32,589	33,541
Accruals		7,820	16,693
Deferred	income	92,513	57,672
		199,426	129,753

				Membership	Courses	Other Income	Total
				E	f.	E	E
Balance	Brought	Forward		51,050	5,463	1,159	57,672
Amount	released	to incoming	resources	{51,050)	(5,463)	(1,159)	{57,672)
Amount	deferred	in the year		47,079	6,400	39,034	92,513
Balance	Carried	Forward		47,079	6,400	39034	92513

			Endowment	Restricted	Unrestricted
Fund balances are represented		by:	Funds	Funds	Funds	Total
			E		f
Intangible	fixed assets				8,430	8,430
Tangible	fixed assets				28,700	28,700
Fixed asset investments			418,446	286,607	109,902	814,955
Net current assets				206,408	11,997	218,404
Total net	assets		418,446	493,015	159,029	1,070,489
Analysis	ofnet assets between	funds - previous year
			Endowment	Restricted	Unrestricted
Fund balances are represented		by:	Funds	Funds	Funds	Total
						f
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	305,520
Total net	assets		476,236	500,837	323,971	1,301,044

			Fund				Gains	Fund
			B/Fwd	Income	Expenditure	Transfer	8t Losses	C/Fwd
				f	f.		E	E
Overseas development fund			37,014				(4,492)	32,522
(For overseas travel and development)
Hymns Ancient Bt Modern Lectureship		Fund	37,211				(4,516)	32,695
(To help pay for lecturers on RSCM courses)
Harold Smart Competition Fund			13,501				(1,638)	11,863
(To fund an annual competition for composers)
To provide grants to students attending		RSCM courses
Hubert Crook and other bursary funds			192,523				(23,362)	169,161
Wiles Family Bequest			106,263				(12,894)	93,369
The Minsall-Jones Bequest			69,019				(8,375)	60,644
Derek Marsden Fund for educational	bursaries		20,705				(2,513)	18,192
			476,236				(57,790)	418,446
Endowment Funds - Previous year
			Fund				Gains	Fund
			B/Fwd	Income	Expenditure	Transfer	BtLosses	C/Fwd
			f.		E
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

		Fund				Gains	Fund
		B/Fwd f	income f	Expenditure f	Transfer f	8t Losses f	C/Fwd f
Overseas Development Fund Income		6,285	1,143	(3,541)		(353)	3,534
Hymns A & M Lectureship Fund income		12,843	1,301	(200)		(996)	12,948
Harold Smart Fund Income		8,374	537	(500)		(635)	7,776
Hubert Crook and other Bursary Funds		58,455	6,585	(930)		(4,532)	59,578
Wiles Family Bequest income fund		29,707	3,592			(2,321)	30,978
The Minsall-Jones Income Fund		15,927	2,266	(495)		(1,226)	16,472
Derek Marsden Fund for Education		4,776	679	(270)		(362)	4,823
Regional development in specific areas		1,238	23			(97)	1,164
Bursaries for Cathedral Courses		21,775	402			(1,701)	20,476
Bursaries for RSCM study programmes		7,510	139			(587)	7,062
Liz (k Terry Bramall			60,000	(60,000)
The Norman Kirkham Fund for organ	scholarships	2,471	46			{193)	2,324
RSCM Voices general bursaries fund		1,191	22	(40)		(91)	1,082
K Guppy Fund for training/support of boy choristers		56,116	1,035			(4,385)	52,766
Parish Organ Scholarships Project		5,781	107			(452)	5,436
Post-Ordination clergy training project		8,492	157			(664)	7,985
The Headley Trust bursaries grant for young people		5					5
PA Mason Memorial Fund for courses		36,890	681			(2,882)	34,689
MB MacAuley Fund for choir training		155,514	2,869			(12,152)	146,231
DF Todd Fund		40,486	744	(300)		(3,152)	37,778
Cathedral Courses Income Fund		3,468	64			(271)	3,261
Ouseley Trust		2,369	44			(185)	2,228
Area funds		11,896	219			(929)	11,186
Pipeline Organ Scholarship		218	4			(17)	205
Oglethorpe Fund for bursaries for young	choristers	2,740	51			(214)	2,577
J Thiselton fund for Chorister Training		2,104	39			(164)	1,979
David Wlllcocks Music Trust Grant The Williams Church Music Trust Grant		1,577 2,629	29 48			(123) (205)	1,483 2,472
Kirby Laing Grant Gladys Mabel Fillary			5,046 10,055			(195) {389)	4,851 9,666
		500,837	97,927	(66,276)	-	(39,473)	493,015

18.Restricted Funds (continued. ..)
Restricted Funds - previous year
	Fund				Gains	Fund
	B/Fwd	Income	Expenditure	Transfer	BtLosses	C/Fwd
		f.				f
Overseas Development Fund Income	4,7ZO	1,181			384	6,285
Hymns A &. 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 &Terry Bramall		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 Pilling Trust Fund - RSCM Voices	2,332			(2,332)
K Guppy Fund for training/support of boy chorlsters	50,864	1,114			4,138	56,116
K Guppy Income Fund for training of boy choristers	5,240	115			426	5,781
Parish Organ Scholarships Project	7,697	169			626	8,492
Post-Ordination clergy training project	103	1		(103)	4	5
The Headley Trust bursarles grant for young people	33,437	733			2,720	36,890
PA Mason Memorial Fund for courses	140,957	3,088			11,469	155,514
PA Mason Memorial Income Fund	36,696	804			2,986	40,486
MB MacAuley Fund for choir training	3,144	69			255	3,468
DF Todd Fund	81			(81)
Cathedral Courses Income Fund	2,147	47			175	2,369
The Patrons' Fund 2017	10,783	236			877	11,896
Ouseley Trust	198				16	218
Area funds		1,500	(1,500)
To support the Cathedral Organists Association	2,484	54			202	2,740
Pipeline Organ Scholarship		2,022			82	2,104
The Praxis Grant for Education		1,516			61	1,577
Oglethorpe Fund for bursarles for young choristers		2,527			102	2,629
	438,177	90,983	(61,500)	(2,516)	35,693	500,837

				Fund				Gains	Fund
				B/Fwd	Income	Expenditure	Transfer	8t Losses	C/Fwd
					E		E	E	f.
Designated		funds:
Fixed	assets			28,274		(17,455)	17,881		28,7QO
Area	development			8,934					8,934
Fair value		reserve		118,763			(100,909)	(15,284)	2,570
Cathedral		Organists	Association	11,972	10,490	(7,805)	(911)		13,?46
General	fund			156,027	1,155,847	('l,290,734)	83,939		105,079
				323,970	1,166,337	(1,315,994)	-	(15,284)	159,029
Unrestricted		Funds -	previous year
				Fund				Gains	Fund
				B/Fwd	Income	Expenditure	Transfer	8t Losses	C/Fwd
				f.	E	E		E	f
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)	(15,6Q7)		156,027
				423,354	1,001,934	(1,129,817)	2,516	25,983	323,970

At 3	1 December Z022, the Charity had total commitments	under non-cancellable operating le	ases as fo
		Land	and
		buildings
		2022	2021
			f
Due	within one year	23,958	42,415
Due	between one and five years	8,708	32,666
Due	in more than five years
		32,666	75,081

21.Comparative Statemen	t of Financial Ac	tivities
					Total
		Unrestricted	Restricted	Endowment	Funds
		Funds	Funds	Funds	2021
					E
Income and Endowments	from:
Donations and legacies		218,869	67,500		286,369
Income from charitable activities:
Membership Income		513,583			513,583
Education &,Outreach		15,643			15,643
Publication sales &royalties		208,283			208,283
Area teams		9,459			9,459
Other incoming resources		28,897			28,897
Investments		7,200	23,483		30,683
Total Income		1,001,934	90,983		1,092,917
Expenditure on:
Raising funds		129,677			129,6.77
Charitable activities
Membership Income		259,055			259,055
Education &.Outreach		232,262	61,500		293,762
Publication sales &.royalties		228,639			228,639
Area teams		280,184			280,184
Total expenditure		1,129,817	61,500		1,191,317
Net income/(expenditure)		(127,883)	29,483		(98,400)
Transfers between funds		2,516	(2,516)
Net Gains/(losses) on investments		25,983	35,693	51,518	113,194
Net movement in funds		(99,384)	62,660	51,518	14,794
Reconciliation offunds:
Total funds brought forward		423,354	438,177	424,718	1,286,249
Total funds carried forward		323,970	500,837	476,236	1,301,043