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|19th April 2021|||27th September 2021|27th September 2021|27th September 2021||
|---|---|---|---|---|---|---|
|Courses|||Courses||||
|Liverpool Cathedral||2,500|The Rodolfus Foundation|||4,000|
|Grants for musicians|||Grants for musicians||||
|Llandaff Cathedral||5,000|SMary Warwick|||3,420|
|SBarnabas, Jericho||3,000|S Sepulchre-without-Newgate|||2,000|
|Friends ofStMary's|Choirs, Moseley|2,000|SJohn at|Hackney||2,000|
|StMartin-at-Roath,|Cardiff|2,300|S Stephen|Dulwich||6,000|
|Carlisle Cathedral *||16,000|Fees||||
|Newcastle
Cathedral||12,488|The King's School Worcester|||2,000|
|SMary-the-Virgin,|West Mailing|1,300|Salisbury|Cathedral|School|6,319|
|Fees|||Gloucester Cathedral|||4,890|
|Christ Church Cathedral
School, Oxford|||||||
|(2grants)||3,750|||||
|Magdalen
College School||4,000|||||
|Dean Close School|(for Tewkesbury||||||
|Abbey Schola Cantorum)||4,000|||||
|Salisbury
Cathedral|School|2,000|||||
|Music|||||||
|S Cyprian,
Clarence|Gate, NW1|250|||||
|Other|||||||
|The Alleyn Singers||750|||||
|Total||~59338|Total|||30629|
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##
|ecember 2021, th|e T|rust' s por|tfolios
were|distributed
acros|s the following
inv|estment|
|---|---|---|---|---|---|---|
|||||||2020|
|UK Gilts, bonds|and|other fixed-interest|||18.6|21.7|
|UK Equities|||||22,5|22.0|
|European
equities|||||1.9|2.1|
|North American|equities||||14.I|9.0|
|Japanese equities|||||0.0|0.0|
|Global investments|||||17.5|16.5|
|Absolute
Return|funds||||5.2|5.8|
|Property
(including||Common|Investment|Funds)|14.1|14.6|
|Other investments|||||3.7|3.5|
|Cash (with brokers)|||||2.4|4.8|
|Total|||||100.0|100.0|
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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds|fund|fund|funds|funds|
||||Notes|f.||f.|6||
|INCOMING RESOURCES|||||||||
|FROM|||||||||
|Donations
and legacies|||2|100|||100||
|Other income||||2|||2|5,991|
|Investment
income||||3||148,446|148,449|149,351|
|Transfer ofresources||||119,899||(119,899)|||
|Total||||120,004||28,547|148,551|155,342|
|RESOURCES EXPENDED ON|||||||||
|Raising funds|||||||||
|Investment
management||costs|5|308|146|28,547|29,001|26,818|
|||||308|146|28,547|29,001|26,818|
|Charitable
activities|||6||||||
|Governance
costs||||20,801|||20,801|19,776|
|Grant funding
activities||||104,211|||104,211|363,584|
|Total||||125,320|146|28,547|154,013|410,178|
|Net resources expended|||||||||
|before gains/losses||||(5,316)|(146)||(5,462)|(254,836)|
|Net gains/(losses)
on|||||||||
|investments||||21,852|7,664|499,137|528,653|~112,194)|
|NET|||||||||
|INCOME/(EXPENDITURE)||||16,536|7,518|499,137|523,191|(367,030)|
||w.||||||||
|RECONCILTATION|()F||||||||
|FUNDS|||||||||
|Total funds brought|forward|||]79,499|52,438|5,088,399|5,320,336|5,687,366|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||196,035|59,956|5,587,536|5,843,527|5,320,336|
##
|Balance Sheet
31December 2021|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|||Unrestricted||Restricted|Endowment||Total|Total|
|||funds||fund||fund|funds|funds|
||Notes|6|||||||
|FIXEDASSETS|||||||||
|Tangible
assets|12|1,571|||||1,571||
|Investments|13|164,230||58,743|5,467,663||5,690,636|5,032,531|
|||165,801||58,743|5,467,663||5,692,207|5,032,531|
|CURRENT ASSETS|||||||||
|Debtors|14|8,465||||28,532|36,997|20,658|
|Cash at bank|15|65,490||1,456||98,680|165,626|312,379|
|||73,955||1,456|127,212||202,623|333,037|
|CREDITORS|||||||||
|Amounts
falling due within one|||||||||
|year|16|(43,721)||(243)||(7,339)|(51,303)|(45,232)|
|NET CURRENT ASSETS||30,234||1,213|119,873||151,320|287,805|
|TOTAL ASSETSLESS|||||||||
|CURRENT LIABILITIES||196,035||59,956|5,587,536||5,843,527|5,320,336|
|NET ASSETS||196,035||59,956|5,587,536||5,843,527|5,320,336|
|FUNDS|17||||||||
|Unrestricted
funds|||||||196,035|179,499|
|Restricted funds|||||||59,956|52,438|
|Endowment
funds|||||||5,587,536|5,088,399|
|TOTAL FUNDS|||||||5,843,527|5,323,336|
||||||||'|Rem
|
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##
||||||2021|2020|
|---|---|---|---|---|---|---|
|Donations|||||100||
||||||100||
|OTHER INCOME|||||||
||||||2021|2020|
|Investment|Manager's|compensation||||32|
|Investments|management||commission|refunded||5,959|
|Interest on|Gift Aid||||||
||||||2|5,991|
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|Investment
income
CAF interest|||||148,446
3|149,273
18|
|Investment
Manager's|deposit interest|||||60|
||||||148,449|149,331|
|INVESTMENT MANAGEMENT|||COSTS||||
||||||2021|2020|
|Total investment
management
Less: fees on purchases/sales||charges
(see note||13)|29,313
(3121|33,527
~6,709)|
|Management
charge|||||29,001|26,818|
|See Note 3above for|further explanation|||ofthe figures|||
##
|6.|CHARITABLE A|CTIVITIES|COSTS||||||
|---|---|---|---|---|---|---|---|---|
||||||Grant||||
||||||funding|Support|||
||||||of|coats|||
||||||activities||||
||||||(Seenote 7)|(See note 8)|2021|2020|
||Governance
and finance costs|||||20,801|20,801|19,776|
||Grant funding
activities||||82,917|21,294|104,211|363,584|
||||||82,917|~42 095|125,012|383,360|
||2020 accounts||||341,099|42,261|383,360||
|7.|GRANTS PAYABLE||||||||
||||||||2021|2020|
||Grants authorised|to institutions|||||89,967|341,099|
||Grants authorised|to individuals|||||||
||Total grants authorised||||||89,967|341,099|
||ReconciTiation of|grant funding|activities|to grants|authorised||||
||Grants authorised||||||89,967|341,099|
||Grants authorised|in 2021 but subsequently||repaid|||(7,050)||
||Grant funding
activities per note||6||||82,917|341,099|
##
|||Management|Finance|Overheads|Grant funding|Totals|
|---|---|---|---|---|---|---|
||||||activities||
|Investment
management|||||||
|costs
Governance
costs
Grant funding
activities||29,001|96|20,705|21,294|29,001
20,801
21,294|
|||29,001|96|20,705|21,294|71,096|
|2020 totals||26,818|60|19,716|22,485|69,079|
|||||Grant|||
|||Basis of|Governance|funding|||
|||apportionment|costs|activities|2021|2020|
|Clerk's
salary
Pensions||%ofactual
Actual|6,717
50|13,434
100|g
20,151
150|19,190|
|Trustees' expenses
Postage, stationery|and|Actual|1,710||1,710|157|
|travelling
Sundry expenses
Norris &Miles
Accountancy
fees
Independent
examiner's||%of actual
Actual
%ofactual
Actual|620
1,698
5,088|1,240
1,089|1,860
2,787
5,088|1,725
2,218
2,233
7,200|
|fees
Legal fees||Actual
Actual|3,600
960||3,600
960|3,600|
|Provision ofoffice|space||||||
|and storage
Bank charges||Actual
Actual|96|3,107|3,107
96|3,800|
|Publicity
(including|||||||
|website)
Depreciation ofcomputer||Actual||1,800|1,800|2,078|
|equipment||Actual|262|524|786||
||||20,801|21,294|42,095|42,261|
|2020 totals|||19,776|22,485|42,261||
##
##
|||2021|2020|
|---|---|---|---|
|Trustees' costs reimbursed||944|157|
|Costs of trustees'|meetings|766||
|||1,710|157|
##
##
|COMPARATIVES FOR THE STATEMENT|COMPARATIVES FOR THE STATEMENT|OF FINANCIAL|ACTIVITIES|||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||funds|fund|fund|funds|
|INCOMING RESOURCES FROM||||||
|Other income||153|7|5,831|5,991|
|Investtnent
income||5,042|210|144,099|149,351|
|Transfer ofresources||118,413||~118,413)||
|Total||123,608|217|31,517|155,342|
|RESOURCES EXPENDED ON||||||
|Raising funds||||||
|Investment
management|costs|1,037|95|25,686|26,818|
|||1,037|95|25,686|26,818|
|Charitable
activities||||||
|Governance
costs||19,776|||19,776|
|Grant funding
activities||363,584|||363,584|
|Total||384,397|95|25,686|410,178|
|Net gains/(losses)
on investments||(40,440)|3,693|(75,447)|~112,194)|
|NET INCOME/(EXPENDITURE)||(301,229)|3,815|(69,616)|(367,030)|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought forward||480,728|48,623|5,158,015|5,687,366|
|TOTAL FUNDS CARRIED FORWARD||179,499|52,438|5,088,399|5,320,336|
##
|TANGIBLE FIXEDASSETS||
|---|---|
||Computer|
||equipment|
||g|
|COST||
|Additions|2,357|
|DEPRECIATION||
|Charge for year|786|
|NET BOOK VALUE||
|At 31December 2021|1,571|
|At 31December 2020||
##
||||||Unrestricted|Unrestricted|Unrestricted||Restricted|Restricted|Endowment|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Listed investments|||||funds|||||fund|fund|Total 2021|Total 2020|
|Market value as at||||||||||||||
|31December 2020|||||152,955|||||51,079|4,793,497|4,997,531|5,597,047|
|Additions a|||||||||||274,764|274,764|1,025,933|
|Disposals*
Net gains/posses)*~|||||(10,577)
21,852|||||7,664|(134,735)
499,137|(145,312)
(1,513,255)
528.653~112,194)||
|Market value as at||||||||||||||
|31December 2021|||||164,230|||||58,743|5,432,663|5,655,636|4,997,531|
|Historical cost as at||||||||||||||
|31December 2021|||||132,402|||||46,314|4,139,612|4,318,328|4,039,621|
|Investments
at market||value comprised:||||||||||2021|2020|
|Equities||||||||||||4,577,115|3,856,384|
|Fixed interest securities||||||||||||1,078,521|1,141,147|
|Listed investments||||||||||||5,655,636|4,997,531|
|Britten ms at valuation||at||trust|scheme inception|||||||35,000|35,000|
|Fixed asset investments||||||||||||5,690,636|5,032,531|
|Included
in equities|are||overseas invested||||funds||and|unit trusts;||926,197|579,326|
|*The additions
and|disposals ofinvestments|||||||durdng||the year||Total 2021|Total 2020|
|are stated after including||||stockbroker's|||costs:—|||||||
|Contract fees (including||||commission||chgs)||||||312|6,696|
|Levy fees|||||||||||||13|
|||||||||||||312|6,709|
||||||||||Unrestricted||Restricted|Endowment||
|a"Net gains/(losses)||2021||||||||funds|fund|fund|Total 2021|
|Realised gains/(losses)|||(net)|||||||424||7,773|8,197|
|Unrealised
gains/(losses)||||(net)||||||21,428|7,664|491,364|520,456|
|||||||||||21,852|7,664|499,137|528,653|
||||||||||Unrestricted||Restricted|Endowment||
|**Netgains/posses)||2020||||||||funds|fund|fund|Total 2020|
|||||||||||g||||
|Realised gains/(losses)|||(net)|||||||(50,829)||(63,349)|(]14,178)|
|Unrealised
gains/(lasses)||||(net)||||||10,389|3,693|(12,098)|1,984|
|||||||||~40,440)|||3,693|~75,447)|~112,194)|
##
##
||||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Expendable||fund:||||||||||f|
|Funds
held||at brokers|||||||||704|487|
|Gift Aid||||||||||||137|
|Grants authorised|||but not|due|||||||7,050||
|Amounts|owed by Pickering||||Designated||fund to Expendable||fund||295|145|
|Amounts|owed by Pickering||||Restricted||fund to Expendable||fund||213|63|
|Prepayments|||||||||||203|550|
||||||||||||8,465|1,382|
|Birch Designated|||fund:||||||||||
|Investment||management||fees||||||||129|
|Endowment||fund;|||||||||||
|Amounts|owed by Expendable|||||fund to|Endowment|fund|||28,532|13,316|
|Investment||management||fees||||||||5,831|
||||||||||||28,532|19,147|
||||||||||||36,997|20,658|
|CASH AT||BANK|||||||||||
||||||||||||Birch|Pickering|
|||||||||||Expendable|Designated|Designated|
|||||||||||fund|fund|fund|
|Cash held|at CAF||Bank|||||||26,682|4,639|506|
|Cash held|at brokers|||||||||33,083|550|30|
|||||||||||59,765|5,189|536|
|||||||||Pickering|||2021|2020|
|||||||||Restricted||Endowment|Total|Total|
|||||||||fund||fund|funds|funds|
|||||||||||||f|
|Cash held|at CAF||Bank|||||1,426|||33,253|61,713|
|Cash held|at brokers|||||||30||98,680|132,373|250,666|
|||||||||1,436||98,680|163,626|312,379|
##
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|Expendable
fund:||||||||
|Accruals for grants||||||2,000|7,000|
|Trade creditors||||||223|335|
|Other accruals||||||12,609|17,448|
|Amounts
owed to|Endowment||fund by Expendable|fund||28,532|13,316|
|||||||43,364|38,099|
|Pickering Designated||fund:||||||
|Other accruals||||||30|30|
|Amounts
owed to|Expendable||fund by Pickering Designated||fund|295|144|
|||||||325|174|
|Birch Designated|fund;|||||||
|Other accruals||||||32|31|
|Picketing Restricted:||||||||
|Other accruals||||||30|4|
|Amounts
owed to|Expendable||fund by Pickering Restricted||fund|213|63|
|||||||243|67|
|Endowmentfund:||||||||
|Other accruals||||||7,339|6,861|
|||||||51,303|45,232|
##
||||Expendable|Birch|Pickering|Total|
|---|---|---|---|---|---|---|
|||||Designated|Designated|Unrestricted|
|Opening balance|||21,378|108,052|50,069|179,499|
|Incoming resources|||105|||105|
|Resources expended|||(124,946)|(254)|(120)|(125,320)|
|Gains/(losses)||||14,389|7,463|21,852|
|Transfers
between funds|||||||
|Unrestricted|||10,000|(10,000)|||
|Endowment|||119,899|||119,899|
|Closing balance|||26,436|112,187|57,412|196,035|
|Net assets|||||||
|Fixed assets|||||||
|Tangible|assets||1,571|||1,571|
|Listed investments||||107,030|57,200|164,230|
||||1,571|107,030|57,200|165,801|
|Current assets|||||||
|Debtors|||8,465|||8,465|
|Cash at bank|||59,764|5,189|537|65,490|
||||68,229|5,189|537|73,955|
|Creditors
—amounts
one year||falling due within|(43,364)|7327~3237||(43,721)|
|Net current (liabilities)/assets|||24,865|5,157|212|30,234|
|Total assets less current liabilities-|||||||
|net assets|||26,436|112,187|57,412|196,035|
##
##
||||Total|Pickering|Endowment|Total|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted||Funds|
|Opening
balance|||179,499|52,438|5,088,399|5,320,336|
|Incoming resources|||105||148,446|148,551|
|Resources expended|||(125,320)|(146)|(28,547)|(154,013)|
|Gains/(losses)|||21,852|7,664|499,137|528,653|
|Transfers between
Endowment|funds||119,899||~))9,899)||
|Closing balance|||196,035|59,956|5,587,536|5,843,527|
|Net assets|||||||
|Fixed assets|||||||
|Tangible assets|||1,571|||1,571|
|Listed investments|||164,230|58,743|5,432,663|5,655,636|
|Holograph|ms composition||||||
|sketch ofBritten String Quartet||||||35,000|
|No. 2, Opus 36|||||||
||||165,801|58,743|5,467,663|5,692,207|
|Current assets|||||||
|Debtors|||8,465||28,532|36,997|
|Cash at bank|||65,490|1,456|98,680|165,626|
||||73,955|1,456|127,2]2|202,623|
|Creditors
—amounts
one year||falling due within|143.721)~243)||17.339)~3),31)3)||
|Net current assets|||30,234|1,213|119,873|151,320|
|Total assets less|current liabilities||||||
|net assets|||196,035|59,956|5,587,536|5,843,527|
##
##