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||Page|
|---|---|
|Annual Report ofthe Feoffees||
|Independent Auditors’ Report|16|
|Statement of Financial Activities|19|
|Balance Sheet|20|
|Cash Flow Statement|21|
|Notes to the Cash Flow Statement|22|
|Notes to the Financial Statements|23|





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21st June 2023 



## 

## 

|F|or the year|ended 31 Au|gust 2022||||
|---|---|---|---|---|---|---|
||Notes|Hospital<br>Funds|School<br>Funds|Library<br>Funds|2022|2027|
|||£|£|£|£|£|
|Income from:|||||||
|Charitable activities:|||||||
|School fees|2|-|10,067,230|-|10067,230|10,006,615|
|Ancilary activities|6|554|700,911|30,470|731,935|563,023|
|Other trading activities:|||||||
|Activities for generating funds|3|267|489,32t|748|490339|160,984|
|Investments:|||||||
|Investment income|4|13.697|159.748|89,283|262,728|226,777|
|Voluntarysources:|||||||
|Bequests and donations|5|27,136|1.546.054|41,099|1,614,291|632,521|
|Grants received||-|96.289|-|96,289|311,202|
|Total incoming resources||41,656|13,059,556|161,600|13,262,812|11,901,122|
|Expenditure on:|||||||
|Raising funds:|||||||
|Fundra4ing||12,870|103.372|-|116,242|92,656|
|Publicity||-|163.59|-|163,519|137,744|
|Conference, factty hire and trading costs||547|408.548|-|409,095|146,952|
|Financing costs||119,808|2,803|-|122,611|131.621|
|Investment management costs||2,884|31,110|15,261|49,255|62,453|
|||136109|709,352|15,261|860,722|571,426|
|Charitable activities:|||||||
|Teaching costs<br>— academic||-|2,015,111|-|2,015,111|2,076,471|
|Teaching costs<br>— music||20,000|3,993,322|-|4,013,322|4,005,417|
|Welfare||-|1,648,945|-|1,648,945|1,473,716|
|Premises||1,089,406|1,969,398|-|3,058,804|3,074,287|
|Scholarships and bursaries||-|599,967|-|599,967|576,777|
|Grants, awards and prizes||5,000|10,403|-|15,403|19,539|
|Library running costs|||-|202,179|202,179|199,152|
|Support and Governance costs||53,956|87,583|1,662|143,201|103,555|
|||1,168,362|10,324,729|203,841|11,696,932|11,528,914|
|Total resources expended|9|1,304,471|11,034,081|219,102|12,557,654|12,100,340|
|Net incomel(expenditure)||(1,262,815)|2,025,475|(57,502)|705,158|(199,218)|
|Transfer belween funds|10|727,000|(727,000)|-|-|-|
|Gains/(losses) on investment|||||||
|assets:|||||||
|Realised||(1,557)|(67,855)|(16,066)|(85,478)|123,029|
|Unrealised||(66,639)|(630,057)|(142,763)|(839,459)|1,617,896|
|Net movement in funds||(604,011)|600,563|(216,331)|(219,779)|1,541,707|
|Fund ba’ances at 1 September 2021||32,362.815|13,133,028|3,187,598|48,683,441|47,141,734|
|Fund balances at 31 August 2022||31,758,804|13,733,591|2,971,267|48,463,662|48,683,441|






## 

||Note|2022|2021|
|---|---|---|---|
|||£|£|
|Fixedassets||||
|Heritage assets|11|115,000|115,000|
|Tangible fixed assets|11|33,597,533|33.877,047|
|Investments|12|10,248,974|11,223,214|
|||43,961.507|45,215,261|
|Currentassets||||
|Debtors<br>-<br>fees||450,235|380,076|
|-<br>ether debtors and prepayments|13|1,341,631|432 483|
|Cash at bank and in hand||7.540,395|7493,307|
|||9,332,261|8,305,866|
|Creditors: amounts falling due within one year|14|(3,202,837|Q63|
|Net currentassets||6,129,424|5,252203|
|Totalassets less currentliabilities||50,090,931|50,467,464|
|Creditors: amounts falling due after more than one year|15|(1,627.2691|ItiMP23|
|Totalnetassets|16||48683441|
|Endowment funds|17|3,294,526|3,461,934|
|Restricted funds|18|34,221,044|35,828,477|
|Unrestricted funds|19|10,948,092||
|Total funds||48 463 662|4B.SI44i|
|Hospital funds||31,758,804|32,362,815|
|School funds||13.733,591|13,133,028|
|Library funds||2,971,267|3,187,598|
|Total funds|16|||
|e financial statementswere approved and authorised for issue by the Feoffees <br>||on<br>13|T-’.’it<br>2023|






## 

||Cash flow|||
|---|---|---|---|
||statement|||
||notes|2022|2021|
|||£|£|
|Net cash inflow/(outflow) from operations||||
|Net cash provided by/(used by) operatingactivities|1|809,511|2,650,665|
|Cash flows from investing activities||||
|Investment income||262728|226777|
|Bank loan and interest payable||(122,611)|(131,621)|
|Payments to purchase buildings and other fixed assets||(804,553)|(97,787)|
|Payments to acquire investments, including cash awaiting investment||(2,132,036)|(1,919,071)|
|Receipts from sales offixed asset investments||2,312,531|1,803,137|
|lncreasel(decrease) in cash held by investment advisors||(131,192)|165,081|
|Net cash provided by!(used in) investing activities||(615,133)|46,516|
|Cash flow from financing activities||||
|Bank loan repayments||(147,290)|(138,215)|
|Net cash used in financing activities||(147290)|(138.215)|
|Change in cash and cash equivalents in the repofling period||47,088|2,558,966|
|Cash and cash equivalentat the beginning ofthe period||7,493,307|4,934,341|
|Cash and cash equivalentat the endofthe period|2|L54Q395|L4932Q.Z|





## 

||2022|2021|
|---|---|---|
||£|£|
|Net incoming/(outgoing) resources|705,158|(199,218)|
|Depreciation|1,084,067|1,095,617|
|Investment income|(262,728)|(226,777)|
|Bank and loan interest payable|122,611|131,621|
|Donated investments|-|(1,225,141)|
|(increase)/Decrease in debtors|(979,307)|1,171,563|
|Increasef(decrease) in creditors|139,710|1,903,000|
|Net cash inflow/(outflow) from operating activities|809,511|2,650,665|



||||2022|2021|
|---|---|---|---|---|
||||£|£|
|Cash|at|bank and in hand|6,009,555|5,963,122|
|Cash|on|deposit|1,530,840|1,530,185|
||||7,540,395|7,493,307|



## 

|||At I||At31|
|---|---|---|---|---|
|||September||August|
|||2021|Cashflow|2022|
|||£|£|£|
|Cash|at bank and in hand|7,493,307|47,088|7,540,395|
|Bank|loan due in less than one year|(143,840)|(9,464)|(153,304)|
|Rank|loan due in greater than one year|(1,784,023)|156,754|(1,627,269)|
|||5,565,444|194,378|5,759,822|





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||2022|2021|
|---|---|---|
||£|£|
|Gross fees receivable|10067,230|10,006,615|
|Less: total bursaries, grants and allowances|(599,967)|(576,777)|
||9,467,263|9429,838|
|Scholarships and bursaries financed from restricted and|||
|endowment funds|599967|576,777|
||10.067.230|iQIiafi..6t5|
|The total educational awards financed from restricted funds|||
|comprise:|||
||2022|2021|
||£|£|
|Scholarships and bursaries|599967|576,777|
|Grants, awards and prizes|13,233|17,592|
||613,200|594.369|
|thertrading activities|||
||2022|2021|
||£|£|
|Trading income, summer schools and facility hire|490.339|160.984|



## 



## 

## 

|vestment income|||
|---|---|---|
||2022|2021|
||£|£|
|Income from UK listed investments (gross)|261939|226,534|
|Interest on funds deposited on bank reserve|789|243|
|accounts|||
||262128|226.777|



## 

## 

|ncillary activities|||
|---|---|---|
||2022|2021|
||£|£|
|Charitable activities|||
|Concert income|15,454|2,411|
|Summer Music School|63,640|-|
|Piano Summer School|-|243,441|
|Sundry income|100,869|35,514|
|Insurance claims|551,972|281,657|
||731.935|563,023|



## 

## 

|xpenditure||||
|---|---|---|---|
|||2022|2021|
|||£|£|
|Charitable expenditure|includes:|||
|Depreciation offixed assets||1,084,067|1,095,617|
|Auditors’ remuneration:|audit services|23,694|19,763|
|Operating lease costs||27.071|25.909|





## 

|8.|Employment costs|||
|---|---|---|---|
|||2022|2021|
|||£|£|
||Wages and salaries|5905,888|5,844131|
||Social security costs|526,022|499,749|
||Pension contributions|909,152|916,761|
|||7341,062|7260.641|



||2022|2021|
|---|---|---|
||No.|No.|
|£60,001 to £70,000|2|2|
|£70,001 to £80,000|-|-|
|£80,001 to £90,000|-|-|
|£90,001 to £100,000|2|3|
|£100,001 tofllo,000|1|-|





## 

## 

|nalysis oftot|al resources e|xpended|||||
|---|---|---|---|---|---|---|
|||Staff|Other|Depreciation|Total|Total|
|||costs|costs||2022|2021|
|||£|£|£|£|£|
|Costofgenerating funds|||||||
|Fundraising||97,731|18,511|-|116,242|92,656|
|Publicity||123,268|40,251|-|163,519|137,744|
|Conference, facility hire and|||||||
|trading costs||100,598|308,497|-|409,095|146952|
|Financing costs||-|122,611|-|122,611|131621|
|Investment management costs||-|49,255||49,255|62,453|
|||321,597|539,125|-|860,722|571,426|
|Charitable activities|||||||
|Teaching costs|— academic|1,829,823|185,288|-|2,015,111|2,076,471|
|Teaching costs|- music|3,529,352|483,970|-|4,013,322|4,005,417|
|Welfare||603,326|1,045,619|-|1,648,945|1,473,716|
|Premises||847,994|1,126,743|1,084,067|3,058,804|3,074,287|
|Scholarships &|bursaries|-|599,967|-|599,967|576,777|
|Grants, awards|& prizes|-|15,403|-|15,403|19,539|
|Library costs||157,007|45,172|-|202,179|199,152|
|||6,967,502|3,502,162|1,084,067|11,553,731|11,425,359|
|Governance costs||51,963|91,238|-|143,201|103,555|
|||7,341,062|4,132,525|1,084,067|12,557,654|12,100,340|





## 

## 

||Hospital|School|Library|Total|Total|
|---|---|---|---|---|---|
|||||2022|2021|
|SupportCosts|£|£|£|£|£|
|Management|-|128,104|141,722|269,826|278,377|
|Administration|-|244,939|12,675|257,614|258,151|
|Recruitment|-|24,998|-|24,998|21,453|
|Office costs|270|56,225|9,005|65,500|74,767|
|IT||103,566|-|103,566|69,222|
|Legal and professional|53,436|70,903|-|124,339|231,530|
|Insurance|106.369|67,620|2,955|176,944|64,372|
||160,075|696,355|166,357|1,022,787|997,872|



## 

|Transfers between funds||||||
|---|---|---|---|---|---|
||UnrestrictedFunds||Restricted|Endowment|Total|
||General|Designated|Funds|Funds|Funds|
||£|£|£|£|£|
|Hospital||||||
|Rent from School|627,000|-|-|-|627,000|
|New School Development Fund|(267,717)|-|267,717|-|-|
|Contribution from School for the||||||
|Site Development Project|-|-|100,000|-|100,000|
|Palatine Demolition Project|(50,000)|50,000|-|-|-|
||309,283|50,000|367,717|-|727,000|
|School||||||
|Rent paid to Hospital|(627,000)|-|-|-|(627,000)|
|Contribution to Hospital for the Site||||||
|Development Project|(100,000)|-|-|-|(100,000)|
|Transfer for Millgate Project|590,190|(590,190)|-|-|-|
|Piano Purchases|130,000|(130,000)|-|-|-|
||(6,810)|(720,190)|-||(727,000)|
|Library||||||
|Transfer for Budget Support Fund|59,000|(59,000)|-|-|-|
|Transfer from Library Patrons Fund|247|-|(247)|-|-|
||59,247|(59,000)|(247)|-|-|
|TOTAL|361,720|(729,190)|367,470|-|-|





## 

|11.|Tangible fixed assets||||||
|---|---|---|---|---|---|---|
|||Heritage|Freehold|Furniture,|||
|||Assets|Property|Fittings,|||
|||||Plant &|Instruments|Total|
|||||Equipment|||
|||£|£|£|£|£|
||Cost:||||||
||At 1 September 2021|115,000|44,014,368|779.439|228,440|45137,247|
||Additions|-|564,360|99,993|140,200|804,553|
||At 31 August 2022|115,000|44,578,728|879,432|368,640|45.941,800|
||Depreciation:||||||
||At 1 September 2021|-|10,476,319|485,708|183,173|11,145,200|
||Charge forthe year|-|956,877|108,984|18,206|1 084,067|
||At 31 August 2022|-|11,433.196|594,692|201,379|12,229,267|
||Net book value:||||||
||At31 August2022|115,000|33,145,532|284,740|167261|33,712,533|
||At I September 2021|115,000|33,538,049|293,731|45,267|33992,047|



|Five year financial summar|y of Heritage Asset trans|actions:||||
|---|---|---|---|---|---|
||2022|2021|2020|2019|2018|
||F|£|£|£|£|
|Additions:||||||
|Donations||||||
|Total||||||





## 

## 

||Restricted|Unrestricted|Endowment||
|---|---|---|---|---|
||Funds|Funds|Funds|Total|
||£|£|£|£|
|Balance at 1 September 2021|6,124,807|1,456,745|3,641,662|11,223,214|
|Additions|974,908|790,532|366,596|2,132,036|
|Disposals|(1,182,938)|(779,652)|(435,419)|(2,398,009)|
|Revaluation gains/(losses)|(537,683)|(135,348)|(166,428)|(839,459)|
|Change in amounts awaiting|||||
|investment|136,718|(43,679)|38,153|131,192|
|Balance at 31 August 2022|5,515,812|1,288,598|3,444,564|10,248,974|
|Historical cost of listed investments|4,732,020|1,218,360|2,627,454|8,577,834|
|Listed on UK stock exchange|5,332,737|1.262,784|3,382,786|9,978,307|
|Cash holding|183,075|25,814|61,778|270,667|
||5,515,812|1,288,598|3,444,564|10,248,974|



## 

||2022|202’!|
|---|---|---|
||£|£|
|Other debtors|153,220|287,773|
|Prepayments|121,247|81,470|
|Accrued income|1,067,164|63,240|
||1,341,631|__,t?|





## 

|reditors: amounts falling due within one year|||
|---|---|---|
||2022|2021|
||£|£|
|Bank loans (note 15)|153,304|143,840|
|Other creditors and accruals|1,149,533|1,009,823|
|Fees received in advance from DfE|1,900,000|1,900.000|
||3,202.837|3.053.663|
|reditors: amounts falling due after more than one year|||
||2022|2021|
||£|£|
|Bank loans|1,627269|1,784,023|
||1 627.269|1 .784,02.a|





## 

## 

||Fixed||Net current|Long term|Total|
|---|---|---|---|---|---|
||Assets|Investments|assets!|liabilities||
||||(liabilities)|||
||£|£|£|£|£|
|Hospital||||||
|Unrestricted|1,673.633|3,421|675,423|-|2,352,477|
|Restricted|30408269|374,409|(473,078)|(1,627,269)|26,662,351|
|Endowment||722,154|1,822|-|723976|
||32.081.922|1.099.984|204.167|(1.627.269)|31.753,804|
|School||||||
|Unrestricted|1,508,528|1,258,367|5,438,283|-|8,205,178|
|Restricted|7,083|5,141,403|379,927|-|5,528,413|
||1,515,611|6,399,770|5,818,210|-|13,733,591|
|Library||||||
|Unrestricted|115,000|26,810|248,627|-|390,437|
|Restricted|-|-|10,280|-|10,280|
|Endowment|-|2,722,410|(151,860)|-|2,570,550|
||115,000|2,749,220|107,047|-|2,971,267|
|Total||||||
|Unrestricted|3,297,161|1,288,598|6,362,333|-|10,948,092|
|Restricted|30,415,372|5,515,812|(82,871)|(1,627,269)|34,221,044|
|Endowment|-|3,444,564|(150,038)|-|3,294,526|
||33,712,533|10,248,974|6,129,424|(1,627,269)|43,463,662|



## 

|Endowmentfunds|||||||
|---|---|---|---|---|---|---|
||Balance at||||Transfers|Balance at|
||1 September|Incoming|Resources|Investment|between|31 August|
||2021|Resources|expended|gains,’flosses)|funds|2022|
||£|£|£|£|£|£|
|Hospital|||||||
|Investment Replacement|||||||
|Sinking Funds|594,136|||(10,468)|-|583,668|
|EF Jacob Endowment|||||||
|Fund|157.572|-|-|(17.264)|-|140,308|
||751,708|-|-|(27,732)|-|723,976|
|Library|||||||
|Grants from Heritage|||||||
|Lottery Fund|2,710,226|-|-|(139,676)|-|2,570,550|
|Total|3,461,934|-|-|(166,428)|-|3,294,526|





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## 

|18.<br>Restricted funds|Balance at|||||||
|---|---|---|---|---|---|---|---|
|||||Transfers|||Balance at|
||September|Incoming|Resources|between||Investments|31 August|
||2021|resources|expended|funds||gainsl(losses)|2022|
||£|£|£|£||£|£|
|Hospital||||||||
|Capital Fund<br>- tlillgate Extension|935,520||(39,668)||||895,852|
|Capital Fund<br>- New Land|4,500,000||||||4,500,000|
|Capital Fund<br>- New School Building|18193,265||(512,626)||||I7,580639|
|Capital Fund<br>— Nicholls Conversion|597,921||(18506)||||579,421|
|Capital Fund<br>— Concert Hall|7,051704||(199,326)||||6,852,378|
|lmoroven’ents Fund|22,559||||||22,569|
|New School Development Fund|(2,044743)|27,134|(119,808)|359,692|||(1,717,725)|
|Concert Hall Fund|(205QI 1)|||8,025|||(196.986)|
|Instrument Fund|230,341|10,467|(7,097)|||(40,403)|193.308|
|Nicholls Funo|32.601||||||32.601|
|Miscellaneous Fund|294||||||294|
||29.314,467|37,601|(997,031)|367,717||(40,403)|28,682,351|
|School||||||||
|Vernon Farley Fund|14,568|-|(1,781)||||12,887|
|Hazel Smith Fund|30,256|-|(16,016)||||14,240|
|Ida Carroll Fund|3,231|-|(2,000)||||1,231|
|Hospital Prize Fund|81,889|-|(214)||||81,675|
|Kolbert Music Prize Fund|2,093|-|(75)||||2,018|
|Academic Prizes Fund|320|20|(20)||||320|
|Music Prizes Fund|200|100|(100)||||200|
|David Hartigan Memorial Piano Fund|2,588||||||2,588|
|Neil Vir’t Bursary Fund|34,270|-|(1000)||||33,270|
|Milne Furd|273,580||(2,950)|||(41,109)|229,521|
|Bursary Fund|2,401,299|165,558|(246,972)||100|(501,434)|1,818,551|
|Bateson Family Bursary Fund|1,064,322|24904|(170,282)||||918,944|
|Andrew Lloyd Webber Foundation Bursary Fund|100|||(IOU)||||
|Leverhulme Trust Bursary Fund||69,418|(67.998)||||1,420|
|Ogleshy Bursary Fund||33,357|(33.090)||||267|
|2022 matches Funding Bursary Fund||4,605|||||4,605|
|Tony and Tania Music Prize Fund||10,000|||||10,000|
|Hospitallers Camp Fund|15,838||(1775)||||14,063|
|Mellor Endowment Fund|5,345||||||5,345|
|Amy Watson Endowment Fund|24,551||||||24,551|
|John Shaw Bursary Fund|3,638||(2,136)||||1,502|
|Stoller Bursary Fund|14,304||||||14,304|
|Ethel Keriy Bursary Fund|1,850,942|-|(78,146)|||-|1,772,796|
|Hardship Fund|62,136||(2,749)|||-|59,387|
|Co-op Fund|1,665||(1,250)|||-|415|
|Miscellaneous Restricted Fund|66,326|9,910|(6,929)|(10,200)||-|59,107|
|Friends of Chethams Fund|16,416|1,112||||-|17,528|
|Chets in London Fund|3,400||(879)|||-|2,521|
|Stoller Hall Fund|29,182|8,685||||-|37,867|
|501h Anniversary Fund|78,482|5|(26,331)|||-|52,156|
|Capital Fund<br>- Instruments|||(3,117)|10,200||-|7,083|
|Confucius Classroom Fund|86,878||(5,902)|||-|80,976|
|Piano Summer School Fund|131,318||(22,384)|||-|108,934|
|Grants and Other Income Fund|195,307|81,636|(138,802)|||-|138,141|
||6,494,544|409,310|(832,898)|||(542,543)|5,528,413|





## 

## 

||Balance at I|||Transfers||Balance a!|
|---|---|---|---|---|---|---|
||September|Incoming|Resources|Between|Investments|31 August|
|Library|202I|resources|expended|funds|gains/(losses)|2022|
||£|£|£|£|£|£|
|Paul Getty Fond|2,972|-|(2,972)||||
|Miscellaneous Resiricted Fund|1,710|-||-|-|1,710|
|Library Patrons Fund|-|247||(247)|-|-|
|Karl Marx Fund|800|-|(800)||||
|Arts and Heritage Fund|2,470|||||2,470|
|Booth Charities Fund|500|-|(600)||||
|Hills Archive Fund|4,763|-|(4,763)||||
|HLF Project Fund|6,151|-|(6,151)||||
|Heritage Compass Fund||3,000||-|-|1,250|
|Conservation Project Fund||5,000|(150)|||4,850|
||19,466|8247|(17:186)|(247)|-|10280|
|Total|35,828,477|455,158|(1,847,15)|367,470|(582,946)|34,221,044|





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|Unrestricted funds|||||||
|---|---|---|---|---|---|---|
||Balance at I|||Transfers|Investment|Balance at|
||September|Incoming|Resources|between|gains/|31 August|
||2021|resources|expended|funds|(losses)|2022|
||£|£|£|£|£|£|
|Hospital|||||||
|General Fund|2,625,547|4,055|(307,440)|309,283|(61)|2,631,384|
|Designated funds:|||||||
|Palatine Demolition|||||||
|Fund|(328,907)|-|-|50,000|-|(278907)|
||2,296,640|4,055|(307,440)|359,283|(61)|2,352,477|
|School|||||||
|General Fund|4,646,419|12,137,746|(10,113,562)|(6,810)|(155,369)|8,508,424|
|Designated funds:|||||||
|Chiller Unit Fund|30,000|-|-|-|-|30,000|
|Miligate Building|||||||
|Refurbishment Fund|897,320|-|-|(590,190)|-|307,130|
|Dining Room|||||||
|Refurbishment Fund|100,000|-|(8,275)|-|-|91,725|
|Chesters Bequest|||||||
|Fund|964,745|37,500|(78,125)|(130,000)|-|794,120|
|Organ Cash|||||||
|Settlement Fund|-|475,000|-|-|-|475,000|
|Music Department &|||||||
|Tour Fund|-|-|(1,221)|-|-|(1,221)|
||6,638,484|12,650,246|(10,201,183)|(727,000)|(155,369)|8,205,178|
|Library|||||||
|General Fund|393,906|153,353|(196,916)|59,247|(19,153)|390,437|
|Designated funds:|||||||
|Lighting Fund|5,000||(5,000)|-|-|-|
|Budget Support Fund|59,000|-|-|(59.000)|-|-|
||457,906|153,353|(201,916)|247|(19,153)|390,437|
||9,393,030|12,807,654|(10,710,539)|(367,470)|(174,553)|10,948,092|





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|he School has minimum lease payments under non-cancellable|operating leases as follows:|operating leases as follows:|
|---|---|---|
||Equipment||
||2022|2021|
||£|£|
|Within one year|14,132|23,045|
|Between two and five years|13.846|4,902|
||27.978|27.947|
|inancial Instruments|||
||2022|2021|
||£000|£000|
|Financial assets measured at amortised cost (a)|9,211|8,224|
|Financial assets measured at fair value (b)|10,249|11,223|
|Financial liabilities measured at amortised cost (c)|(4,804)|(4,832)|
|Net financial assets measured at amortised cost|14,656|14,615|



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||Notes|Hospital<br>Funds|School<br>Funds|Library<br>Funds|2027|
|---|---|---|---|---|---|
|||£|£|£|£|
|Income from:||||||
|Charitable activities:||||||
|School fees|2|-|10,006,615|-|10,006,615|
|Ancillary activities|6|530|553,390|9,103|563,023|
|Other trading activities:||||||
|Activities for generating funds|3|27,647|133,337|-|160,984|
|Investments:||||||
|Investment income|4|13,310|133,754|79,713|226,777|
|Voluntarysources:||||||
|Requests and donations|5|28,375|483,179|120,967|632,521|
|Grants received||-|219,685|91,517|311,202|
|Total incoming resources||69,862|11,529,960|301,300|11,901,122|
|Expenditure on:||||||
|Raising funds:||||||
|Fundraising||12:463|80,193|-|92.655|
|Publicity||-|137,744|-|137.744|
|Conference, facility hire and trading costs||11,634|135,315|-|146,952|
|Financing costs||128,802|2,819|-|131,621|
|Investment management costs||3,166|43,100|16,187|62,453|
|||156,065|399,174|16,187|571,426|
|Charitable activities:||||||
|Teaching costs<br>— academic||-|2,076,471|-|2,076,471|
|Teaching costs<br>music||-|4,005,417|-|4,005,417|
|Welfare||-|1,473,716|-|1,473,716|
|Premises||1,070,457|2,003,830|-|3,074,287|
|Scholarships and bursaries||-|576,777|-|575,777|
|Grants, awards and prizes||2,500|17,039|-|19,539|
|Library running costs||-|-|199,152|199,152|
|Support and Governance costs||15,948|86,118|1,489|103,555|
|||1,088,905|10,239,368|200,641|11,528,914|
|Total resources expended|9|1,244,970|10,638,542|216,828|12,100,340|
|Net incomel(expenditure)||(1,175,108)|891,418|84,472|(199,218)|
|Transfer between funds|IC|727,000|(/2/,000)|-|-|
|Gainsl(losses) on investment||||||
|assets:||||||
|Realsed||1.733|75,198|46,098|123,029|
|Unrealised||187,152|1,064,097|366,647|1,617,896|
|Net movement<br>ri funds||(259,223)|1,303,713|497,217|1,541,707|
|Fund balances at I September2020||32,622.038|11,829,315|2,690,381|47,141,734|
|Fund balances at 31 August 2021||32,362,815|13,133,028|3,187,598|48,683,441|