##
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##
##
##
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##
##
##
##
##
##
##
##
##
##
|rants authorised
during th|e course ofthe y|ear:|
|---|---|---|
|9th May 2022|||
|Courses|||
|Creative Oundle
(Oundle for Organists)||5,000|
|Grants for musicians|||
|Steel City Choristers||3,000|
|St Mary Without-the-walls,|Handsbridge,||
|Chester||2,000|
|Morland
Choristers'
Camp||2,000|
|St Faith Great Crosby||2,000|
|St Matthew's
Westminster||2,340|
|St George's Jesmond||2,000|
|St Leonard's Streatham||2,250|
|St Mary's Handsworth||3,000|
|Blue Coat School Liverpool||1,000|
|Fees|||
|Salisbury
Cathedral
School|(8grants)|20,500|
|Manchester
Cathedral||2,000|
|Wells Cathedral
School||3,000|
|Christ Church Oxford||1,500|
|Total||51590|
|26th September 2022|||
|---|---|---|
|Courses|||
|Grants for musicians|||
|Bradford Cathedral||f5,000|
|Wakefield
Cathedral||f2,000|
|Liverpool Cathedral||f3,000|
|St Paul's Cathedral||f1,500|
|St Lawrence York||f2,000|
|All Saints' Burham
and Wouldham||f1,500|
|The Philip Lank Trust||f3,000|
|St Peter London Docks||f3,000|
|Fees|||
|Salisbury Cathedral
School (4|grants)|f5,500|
|King's School Gloucester||f2,000|
|Music|||
|Wellingborough
Parish Church|All||
|Hallows||f800|
|Total||29 $00|
##
##
##
##
##
##
##
##
##
|ber 2022, the Tru|st's portf|olios were|distributed
across the follo|wing
investment
classes.|
|---|---|---|---|---|
|||||0/|
|UK Gilts, bonds and|other fixed-interest|||19.93|
|UK Equities||||22.07|
|European
equities||||2.13|
|North American
equities||||11.94|
|Japanese equities||||0,00|
|Global investments||||17.47|
|Absolute
Return funds||||7.33|
|Property
(including|Common|Investment|Funds)|13.95|
|Other investments||||3.47|
|Cash (with brokers)||||1.71|
|Total||||100.00|
##
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##
##
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##
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##
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##
##
|for the Year Ended|31|December|2022||||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds|fund|fund|funds|funds|
||||Notes||||||
|INCOMING RESOURCES|||||||||
|FROM|||||||||
|Donations
and legacies||||646|||646|100|
|Other income||||||||2|
|Investment
income||||866||161,964|162,833|148,449|
|Transfer ofresources||||134,891||(134,891)|||
|Total||||136,403|3|27,073|163,479|148,551|
|RESOURCES EXPENDED ON|||||||||
|Raising funds|||||||||
|Investment
management||costs|5|487|120|27,073|27,680|29,001|
|||||487|120|27,073|27,680|29,001|
|Charitable
activities|||||||||
|Governance
costs||||31,160|||31,160|20,801|
|Grant funding
activities||||95,453|||95,453|104,211|
|Total||||127,100|120|27,073|154,293|154,013|
|Net gains/(losses)
on|||||||||
|investments||||(15,009)|(4,410)|(548,755)|(568,174)|528,653|
|NET|||||||||
|INCOME/(EXPENDITURE)||||(5,706)|(4,527)|(548,755)|(558,988)|523,191|
|RECONCILIATION||OF|||||||
|FUNDS|||||||||
|Total funds brought|forward|||196,035|59,956|5,587,536|5,843,527|5,320,336|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||190,329|55,429|5,038,781|5,284,539|5,843,527|
##
##
|Balance She
31December|et
2022|||||||
|---|---|---|---|---|---|---|---|
|||||||202,2|2021|
||||Umestricted|Restricted|Endowment|Total|Total|
||||funds|fund|fund|funds|funds|
|||Notes||||||
|FIXED A.S|SETS|||||||
|Intangible
assets||12|2,880|||2,880||
|Tangible assets||13|786|||786|1,571|
|Investments||14|1I!1,377|54333|4 940 lt94|5,176,604|5690,636|
||||185,043|54,333|4,940,894|5,180,270|5,692,207|
|CURRENT|ASSETS|||||||
|Debtors||15|5,566||22,977|28,543|36,997|
|Cash at bank||16|34,420|1,126|81,621|117,167|165,626|
||||39,986|1,126|104,598|145,710|202,623|
|CREDITORS||||||||
|Amounts
falling due within one||||||||
|year||17|(34,700)|(30)|(6,711)|(41,441)|{51,303)|
|NET CURRENT ASSETS|||5,2116|1096|97,88|104,269|151320|
|TOTAL ASSETSLESS||||||||
|CURRENT|LIAIILITIES||190,329|55,429|5,038,781|5,284,539|5,843,52'7|
||||190329|55429|5038 781|5284,539|5,843 527|
|FUNDS||||||||
|Unrestricted|funds|||||190,329|196,035|
|Restricted furlds||||||55,429|59,956|
|Endowment|funds|||||5,03i!7!11|5587536|
|TOTAL FUNDS||||||5,284539|5 843,527|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||DONATIO|NS
AND LEGACIES|||
|---|---|---|---|---|
||||2022|2021|
||Donations||646|100|
||||646|100|
|3.|OTHER INCOME||||
||||2022|2021|
||interest on|Gift Aid||2|
|4.|INVESTMENT INCOME||||
||||2022|2021|
||Investment|income|162,727|148,446|
||CAF interest||106|3|
||||162,833|148,449|
##
##
||||2022|2021|
|---|---|---|---|---|
|Total investment
management||charges|28,312|29,313|
|Less: fees on|purchases/sales|(see note 14)|(632)|(312)|
|Management|charge||27,680|29,001|
##
##
|CHARITABLE A|CTIVITIES|COSTS||||||
|---|---|---|---|---|---|---|---|
|||||Grant||||
|||||funding|Support|||
|||||ofactivities|costs|||
|||||(See note 7)|(See note 8)|2022|2021|
|Governance
and finance costs|||||31,160|31,160|20,801|
|Grant funding
activities||||78,890|16,563|95,453|104,211|
|||||78,890|47,723|126,613|125,012|
|2021 accounts||||82,917|42,095|125,012||
|GRANTS PAYABLE||||||||
|||||||2022|2021|
|Grants authorised|to institutions|||||80,890|89,967|
|Grants authorised|to individuals|||||||
|Total grants authorised||||||80,890|89,967|
|Reconciliation of|grant funding|activities|to grants|authorised||||
|Grants authorised||||||80,890|89,967|
|Grants authorised|in 2021 but subsequently||repaid||||(7,050)|
|Grants authorised|in 2022 but not taken up|||||(2,000)||
|Grant funding
activities per note||6||||78,890|82,917|
##
|SUPPORT|C|OST|S||||||
|---|---|---|---|---|---|---|---|---|
|||||Management|Finance|Overheads|Grant funding|Totals|
||||||||activities||
|Investment|management||||||||
|costs||||27,680||||27,680|
|Governance|costs||||81|31,079||31,160|
|Grant funding||activities|||||16,563|16,563|
|||||27,680|81|31,079|16,563|75,403|
|2021 totals||||29,001|96|20,705|21,294|71,096|
|||||||Grant|||
|||||Basisof|Governance|funding|||
|||||apportionment|costs|activities|2022|2021|
|Clerk's salary||||'/0 ofactual|6,750|13,500|20,250|20,151|
|Pensions||||'/0 ofactual|203|405|608|150|
|Trustees' expenses||||Actual|1,464||1,464|1,710|
|Postage, stationery|||and||||||
|travelling||||'/0 ofactual|451|902|1,353|1,860|
|Sundry expenses||||Actual|35|817|852|2,787|
|Accountancy||fees||Actual|5,088||5,088|5,088|
|Independent||examiner's|||||||
|fees||||Actual|3,600||3,600|3,600|
|Legal fees||||Actual|12,746||12,746|960|
|Provision of||office|space||||||
|and storage||||Actual||||3,107|
|Bank charges||||Actual|81||81|96|
|Publicity
(including|||||||||
|website)||||Actual||(545)|(545)|1,800|
|Amortisation||ofcomputer|||||||
|software||||'/0 ofactual|480|960|1,440||
|Depreciation||ofcomputer|||||||
|equipment||||'/0 ofactual|262|524|786|786|
||||||31,160|16,563|47,723|42,095|
|2021 totals|||||20,801|21,294|42,095||
##
##
##
|||2022|2021|
|---|---|---|---|
|Trustees' costs reimbursed||589|944|
|Costs oftrustees'|meetings|875|766|
|||1,464|1,710|
##
##
|COMPARATIVES FOR THE STATEMENT|COMPARATIVES FOR THE STATEMENT|OF FINANCIAL|ACTIVITIES|||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||funds|fund|fund|funds|
|INCOMING RESOURCES FROM||||||
|Donations
and legacies||100|||100|
|Other income||2|||2|
|Investment
income||3||148,446|148,449|
|Transfer ofresources||119,899||(119,899)||
|Total||120,004||28,547|148,551|
|RESOURCES EXPENDED ON||||||
|Raising funds||||||
|Investment
management|costs|308|146|28,547|29,001|
|||308|146|28,547|29,001|
|Charitable
activities||||||
|Governance
costs||20,801|||20,801|
|Grant funding
activities||104,211|||104,211|
|Total||125,320|146|28,547|154,013|
|Net gains on investments||21,852|7,664|499,137|528,653|
|NET INCOME||16,536|7,518|499,137|523,191|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought
forward||179,499|52,438|5,088,399|5,320,336|
|11.|COMPARATIVES FORTHE STATEMENT|OF FINANCIAL|ACTIVITIES - continued|ACTIVITIES - continued||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||funds|fund|fund|funds|
||TOTAL FUNDS CARRIED FORWARD|196,035|59,956|5,587,536|5,843,527|
|12.|INTANGIBLE FIXEDASSETS|||||
||||||Computer|
||||||software|
||COST|||||
||Additions||||4,320|
||AMORTISATION|||||
||Charge for year||||1,440|
||NET BOOK VALUE|||||
||At 31December 2022||||2,880|
||At 31December 2021|||||
|13.|TANGIBLE FIXEDASSETS|||||
||||||Computer|
||||||equipment|
||COST|||||
||At 1 January 2022 and 31December 2022||||2,357|
||DEPRECIATION|||||
||At 1 January 2022||||786|
||Charge for year||||785|
||At 31December 2022||||1,571|
||NET BOOKVALUE|||||
||At 31December 2022||||786|
||At 31December 2021||||1,571|
##
##
|||Unrestricted||Restricted|Restricted|Endowment|||
|---|---|---|---|---|---|---|---|---|
|Listed investments||funds|||fund|fund|Total 2022|Total 2021|
|Market value as at|||||||||
|31December 2021||164,230|||58,743|5,432,663|5,655,636|4,997,531|
|Additions*||42,036||||717,344|759,380|274,764|
|Disposals*||(9,880)||||(695,358)|(705,238)|(145,312)|
|Net gains/(losses)**||(15,009)|||(4,410)|(548,755)|(568,174)|528,653|
|Market value as at|||||||||
|31December 2022||181,377|||54,333|4,905,894|5,141,604|5,655,636|
|Britten ms at valuation|at||||||||
|Cy-Pres scheme inception||||||35,000|35,000|35,000|
|Total value as at|||||||||
|31December 2022||181,377|||54,333|4,940,894|5,176,604|5,690,636|
|Historical cost as at|||||||||
|31December 2022||160,291|||46,314|4,572,917|4,779,522|4,353,328|
|Investments
at market value comprised:|||||||2022|2021|
|Equities|||||||4,108,200|4,577,115|
|Fixed interest securities|||||||1,033,404|1,078,521|
|Listed investments|||||||5,141,604|5,655,636|
|Britten ms at valuation|at|Cy-Pres scheme inception|||||35,000|35,000|
|Fixed asset investments|||||||5,176,604|5,690,636|
|Included
in equities are|overseas invested
funds|||and|unit trusts:||729,357|926,197|
|*The additions
and disposals ofinvestments|||during||the year||Total 2022|Total 2021|
|are stated after including||stockbroker's
costs:-|||||||
|Contract fees (including||commission
chgs)|||||625|312|
|Levy fees|||||||7||
||||||||632|312|
##
##
||||Unrestricted|Restricted|Endowment||
|---|---|---|---|---|---|---|
|**Net gains/(losses)|2022||funds|fund|fund|Total 2022|
|Realised gains/(losses)|(net)||(823)||(29,509)|(30,332)|
|Unrealised
gains/(losses)||(net)|(14,186)|(4,410)|(519,246)|(537,842)|
||||(15,009)|(4,410)|(548,755)|(568,174)|
||||Unrestricted|Restricted|Endowment||
|**Netgains/(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|
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|Expendable|fund:||||||||
|Funds held|at brokers||||||5,444|704|
|Grants authorised||but not due||||||7,050|
|Amounts
owed by||Pickering Designated||fund to Expendable||fund||295|
|Amounts
owed by||Pickering Restricted||fund to Expendable||fund||213|
|Prepayments|||||||122|203|
||||||||5,566|8,465|
|Endowment|fund:||||||||
|Amounts
owed by||Expendable|fund to|Endowment|fund||22,977|28,532|
||||||||22,977|28,532|
||||||||28,543|36,997|
##
##
|CASH A|T BANK||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Birch|Pickering|Total|
||||||Expendable|||Designated|Designated|Unrestricted|
|||||||fund||fund|fund|funds|
|Cash held|at CAF Bank|||||28,270||4,517|94|32,881|
|Cash held|at brokers|||||1,079||430|30|1,539|
|||||||29,349||4,947|124|34,420|
|||||||Pickering|||2022|2021|
|||||||Restricted||Endowment|Total|Total|
|||||||fund||fund|funds|funds|
|Cash held|at CAF|Bank||||1,096|||33,977|33,253|
|Cash held|at brokers|||||30||81,621|83,190|132,373|
|||||||1,126||81,621|117,167|165,626|
|CREDITORS: AMOUNTS||||FALLING DUE WITHIN ONE||||YEAR|||
||||||||||2022|2021|
|Expendable
fund:|||||||||||
|Accruals|for grants|||||||||2,000|
|Trade creditors|||||||||184|223|
|Other accruals|||||||||11,479|12,609|
|Amounts|owed to|Endowment||fund by|Expendable|fund|||22,977|28,532|
||||||||||34,640|43,364|
|Pickering|Designated||fund:||||||||
|Other accruals|||||||||30|30|
|Amounts|owed to|Expendable||fund by|Pickering Designated||fund|||295|
||||||||||30|325|
|Birch Designated||fund:|||||||||
|Other accruals|||||||||30|32|
|Total unrestricted||creditors|||||||34,700|43,721|
|Pickering|Restricted:||||||||||
|Other accruals|||||||||30|30|
|Amounts|owed to|Expendable||fund by|Pickering Restricted||fund|||213|
||||||||||30|243|
|Endowment
fund:|||||||||||
|Other accruals|||||||||6,711|7,339|
||||||||||41,441|51,303|
##
##
##
|MOVEMENT IN F|U|NDS|||||
|---|---|---|---|---|---|---|
||||Expendable|Birch|Pickering|Total|
|||||Designated|Designated|Unrestricted|
|Opening balance|||26,436|112,187|57,412|196,035|
|Incoming resources|||1,509||2|1,511|
|Resources expended|||(126,859)|(120)|(120)|(127,099)|
|Gains/(losses)|||(2,660)|(8,055)|(4,294)|(15,009)|
|Transfers
between|funds||||||
|Unrestricted|||10,000|(10,000)|||
|Endowment|||134,891|||134,891|
|Closing balance|||43,317|94,012|53,000|190,329|
|Net assets|||||||
|Fixed assets|||||||
|Intangible
assets|||2,880|||2,880|
|Tangible assets|||786|||786|
|Listed investments|||39,376|89,095|52,906|181,377|
||||43,042|89,095|52,906|185,043|
|Current
assets|||||||
|Debtors|||5,566|||5,566|
|Cash at bank|||29,349|4,947|124|34,420|
||||34,915|4,947|124|39,986|
|Creditors
- amounts||falling due within|||||
|one year|||(34,640)|(30)|(30)|(34,700)|
|Net current (liabilities)/assets|||275|4,917|94|5,286|
|Total assets less current liabilities-|||||||
|net assets|||43,317|94,012|53,000|190,329|
||||Total|Pickering|Endowment|Total|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted||Funds|
|Opening
balance|||196,035|59,956|5,587,536|5,843,527|
|Incoming resources|||1,511|3|161,964|162,878|
|Resources expended|||(127,099)|(120)|(27,073)|(153,692)|
|Gains/(losses)|||(15,009)|(4,410)|(548,755)|(568,174)|
|Transfers
between|funds||||||
|Endowment|||134,891||(134,891)||
|Closing balance|||190,329|55,429|5,038,781|5,284,539|
|Net assets|||||||
|Fixed assets|||||||
|Intangible
assets|||2,880|||2,880|
|Tangible
assets|||786|||786|
|Listed investments|||181,377|54,333|4,905,894|5,141,604|
|Holograph
ms|composition
sketch of||||||
|Britten String|Quartet No. 2, Opus 36||||35,000|35,000|
||||185,043|54,333|4,940,894|5,180,270|
|Current
assets|||||||
|Debtors|||5,566||22,977|28,543|
|Cash at bank|||34,420|1,126|81,621|117,167|
||||39,986|1,126|104,598|145,710|
|Creditors - amounts||falling due within|||||
|one year|||(34,700)|(30)|(6,711)|(41,441)|
|Net current assets|||5,286|1,096|97,887|104,269|
|Total assets less|current liabilities-||||||
|net assets|||190,329|55,429|5,038,781|5,284,539|
##
##