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2021-12-31-accounts

Reference and Administrative Reference and Administrative Details
Trustees'
report
Trustees'
responsibihties
Independent
auditors'		 report
Statement
offinancial		 activities
Balance sheet
Notes to the financial statements

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
Note
Income
Donations
and		 legacies 198 5,565 5,763 27,174
Investments 26,761 18,621 45,382 46,991
Total income 26,959 24,186 51,145 74,165
Expenditure
Charitable
activities		 42,575 26,837 69,412 211,221
Total expenditure 42,575 26,837 69,412 211,221
Gains/(losses) on investment assets 46,577 65,824 112,401 210,152
Net income/(expenditure) 30,961 63,173 94,134 73,096
Transfers
Transfers between funds (22,428) 22,428
Net movement in funds 8,533 85,601 94,134 73,096
Reconciliation ot funds
Total funds brought forward 929,060 460,243 1,389,303 1,316,207
Total funds carried forward 937,593 545,844 1,483,437 1,389,303

Unrestricted Restricted Total Funds Total Funds
Funds
f		 Funds
8		 2021
8		 2020
E
Donations and legacies
Bequests 10,000
Gifts 198 5,437 5,635 9,369
Tax recoverable 128 128 305
Grants receivable 7,500
198 5,565 5,763 27,174

Unrestricted Restricted Total Funds TotalFunds
Funds Funds 2021 2020
6 8
Rent 13,100 13,100 13,100
Dividends 13,652 18,618 32,270 33,802
Interest 9 3 12 89
26,761 18,621 45,382 46,991

Music Common
fund		 Church
House		 Total
2021		 Total
2020
Direct costs
Grants payable
ills'll'tu'tloils		 to 23,918 12,000 35,918 92,433
Support costs
Establishment		 costs 15,193 15,193 2,546
Repairs and maintenance 9,323 9,323 111,925
Cost oftrustee meetings 34 34
Auditors'
remuneration		 2,220 2,220 2,620
Legal and professional
costs		 2,919 3,786 6,705 1,661
Interest payable 19 19 36
2,919 6,059 24,516 33,494 118,788
26,837 18,059 24,516 69,412 211,221

Grants made
Unrestricted Restricted Total 2021 Total 2020
E E E
The Chapter ofCarlisle Cathedral
Admin grant 12,000 12,000 12,000
Fratry project 50,000
Music fund 16,328 16,328 18,377
Organ scholar 7,590 7,590 12,056
12,000 23,918 35,918 92,433

2021 2020
E
Auditors remuneration 2,220 2,620
Legal and professional fees 6,705 1,661
8,925 4,281

Investment Unlisted
properties investments Total
6 6 5
Market value
As at 1 January 2021 425,000 897,605 1,322,605
Revaluation 112,401 112,401
Additions 61,809 61,809
Disposals (67,372 ) (67,372)
As at 31 December 2021 425,000 1,004,443 1,429,443
Net book value
As at 31 December 2021 425,000 1,004,443 1,429,443
As at 31 December 2020 425,000 897,605 1,322,605
All investment assets were held in the UK.

Other
recognised At 31
At 1 January Incoming Resources gains I December
2021 resources expended Transfers losses 2021
General
Funds
Common fund 760,570 13,859 (18,059) (22,428) 46,577 780,519
Church House
fund 168,490 13,100 (24,516) 157,074
929,060 26,959 (42,575) (22,428) 46,577 937,593
Restricted
Funds
Music fund 459,577 18,974 (26,837) 65,824 517,538
Fratry fund 666 5,212 22,428 28,306
460,243 24,186 (26,837) 22,428 65,824 545,844
1,389,303 51,145 (69,412) 112,401 1,483,437

At 1
January		 Incoming
resources		 Resources
expended		 Other
recognised
ii		 Transfers At 31
December
2020
General Funds
Common Fund 821,564 25,681 (15,440) (21,235) (50,000) 760,570
Church
fund		 House 13,100 (114,471) 269,861 168,490
821,564 38,781 (129,911) 248,626 (50,000) 929,060
Restricted
Funds
Music Appeal 502,825 26,536 (31,310) (38474) 459,577
Fratry Project (8,182) 8,848 (50,000) 50,000 666
494,643 35,384 (81,310) (38,474) 50,000 460,243
1,316,207 74,165 (211,221) 210,152 1,389,303

Unrestricted Restricted TotalFunds Total Funds
Funds Funds 2021 2020
E E E
investments 894,177 535,266 1,429,443 1,322,605
Current assets 61,653 14,258 75,911 79,763
Creditors: Amounts
one year
Net assets		 falling due within (18,237)
937,593		 (3,680)
545,844		 (21,917)
1,483,437		 (13,065)
1,389,303
Prior period
Unrestricted Restricted TotalFunds TotslFunds
Funds Funds 2020 2019
E E E
Investments 850,736 471,869 1,322,605 1,203,282
Current assets 82,626 (2,863) 79,763 141,081
Creditors
Amounts		 falling due within one (4,302) (8,763) (13,065) (28,156)
year
Net assets		 929,060 460,243 1,389,303 1,316,207

Comm on
Fund
Income and Expenditure Account
for the year ended
31 December 2021
31.12.21 31.12.20
Common Fund Common Fund
2 2 2 2
Incoming
from:
Donations and legacies
Gifts 198 198
Bequests 10,000
198 10,198
Investments
Interest 9 58
Dividends 13,652 15,425
13,661 15,483
Total income 13,859 25,681
Expenditure
on charitable		 activities
Admin
grant		 12,000 12,000
12,000 12,000
Support costs
Cost oftrustee meetings 34
Legal and professional 3,786 784
Audit fee 2,220 2,620
Interest and charges 19 36
6,059 3,440
Total Expenditure 18,059 15,440
Net income/(expenditure) before (4,200) 10,241
investment
gains/(losses)
Realised gains/(losses) (109) (9,138)
Unrealised
gains/(losses)		 46,686 (12,097)
Net income
/ (expenditure)		 42,377 (10,994
Gross transfers
between		 funds (22,428) (50,000)
Net movement
in funds		 19,949 60,994
Fund at 1 January 760,570 821,564
Fund at 31 December 780,519 760,570

Income and Expen
for the year ended
31December		 diture
Accoun
2021		 t
31.12.21 31.12.20
Church House fund Church House fund
2 2 2 2
Incoming from:
Investments
Rent 13,100 13,100
13,100 13,100
Total income 13,100 13,100
Support costs
Church
House Repairs		 9,323 111,925
Church House Insurance 1,555 1,549
Church
House Water		 369 199
Church
House Light &heat		 13,269 798
24,516 114,471
Total Expenditure 24,516 114,471
Net income
/ (expenditure)		 (11,416) (101,371)
Net gains/(losses) on revaluation of property 269,861
Net movement
in		 funds (11,416) 168,490
Fund at 1 January 168,490
Fund at 31 December 157,074 168,490

M usic Fund
Income and Expenditure Account
for the year ended
31 December 2021
31.12.21 31.12.20
Music Fund Music Fund
Incoming
from
Donations
and legacies
Gifts 356 643
Grants receivable 7,500
356 8,143
Investments
Interest 16
Dividends 18,618 18,377
18,618 18,393
Total income 18,974 26,536
Expenditure
on charitable		 activities
Grants to Chapter of Carlisle Cathedral 23,918 30,433
Support Costs
Professional
fees		 2,919 877
Total expenditure 26,837 31,310
Net income/(expenditure) before
investment
gains/(losses)		 (7,863) (4,774)
Realised gains/(losses) 332
Unrealised
gains/(losses)		 65,492 (38,474)
Net Income/(Expenditure) 57,961 43,248
Net movement
in funds		 57,961 43,248
Fund at 1 January 459,577 502,825
Fund at 31 December 517,538 459,577

31 December 20 21
31.12.21 31.12.20
Fratry Fund Fratry Fund
2 2 2 2
Incoming from
Donations and legacies
Gifts 5,081 8,528
Tax recoverable 128 305
5,209 8,833
Investments
Interest 15
Total income 5,212 8,848
Expenditure
on		 charitable activities
Grants to Chapter of Carlisle Cathedral 50,000
50,000
Total expenditure 50,000
Net income
/ (expenditure)		 5,212 (41,152)
Transfers
Gross transfers between funds 22,428 50,000
Net movement in funds 27,640 8,848
Fund at 1 January 666 (8,182)
Fund at 31 December 28,306 666