2020-08-31-accounts

27 September 2021

					Ampleforth Abbey Trust	Ampleforth Abbey Trust
CONSOLIDATED				Trustee's	report and financial statements
Statementof financial activities					31st August 2020
for year ended 31st August 2020
	Note	2020	2020	2020	2020	2019
		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds
		£'000	£'000	£'000	£'000	£'000
Income and endowmentsfrom:
Charitable activities
Schools income		14,634	-	-	14,634	17,729
Parish income		-	187	:	187	525
Community income	2a	477	-	-	477	592
Hospitality income		142	-	-	142	278
Other income	2a	-	146	-	146	285
Othertrading activities
Nonancillary trading income	5	1,029	-	-	1,029	2,082
Otheractivities		22	-	-	22	52
Investments
Investment income	3a	166	83	76	325	182
Bankand otherinterest	3a	42	-	-	42	24
Donationsand legacies
Donations and legacies	4a	1,247	747	-	1,994	748
Coronavirus Job Retention Scheme grant		4,153	-	-	1,153	-
Other incoming resources
Profit on sale of fixed assets		346	-	-	346	516
Total income		19,258	1,163	76	20,497	23,013
Expenditure on:
Raising funds
Nonancillary trading	7a	1,263	-	-	1,263	1,701
Fundraising & development	7a	422	-	-	422	344
Other income generating activities	7a	137	-	-	137	63
Financing costs	7a	2	-	-	2	51
		1,824	-	-	1,824	2,159
Charitable activities
Schools		17,842	593	-	18,435	19,803
Parish		-	247	-	247	659
Community		2,165	40	-	2,205	2,132
Hospitality		257	-	-	257	332
Other		211	80	-	291	632
		20,475	960	-	21,435	23,558
Total expenditure	7a	22,299	960	-	23,259	25,717

	2020	2020	2020	2020	2019
	Unrestricted	Restricted	Endowment	Total	Total
	Funds	Funds	Funds
	£'000	£'000	£000	£'000	£'000
Net (outgoing)/incoming funds from operations
before transfers and investment gains	(3,041)	203	76	(2,762)	(2,704)
	(3,041)	203	76	(2,762)	(2,704)
Other recognised gains and losses
Net gains on investment assets	407	-	125	532	395
Net income	(2,634)	203	201	(2,230)	(2,309)
Pension scheme actuarial gains/(losses)	30	-	-	30	(357)
Transfer out to Diocese	-	(554)	-	(554)	(305)
Net movementsin funds	(2,604)	(351)	201	(2,754)	(2,971)
Fund balances brought forward at	41,042	4,204	3,091	48,337	51,308
1st September 2019
Fund balances carried forward at	38,438	3,853	3,292	45,583	48,337
31st August 2020

					Ampleforth Abbey Trust	Ampleforth Abbey Trust
				Trustee's	report and financial statements
AMPLEFORTH ABBEY TRUST					31st August 2020
Statementof financial activities
foryear ended 31st August 2020
	Note	2020	2020	2020	2020	2019
		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds
		£'000	£'000	£'000	£'000	£'000
Income and endowments from:
Charitable activities
Schools - re-charged expenses		6,831	-		6,831	8,020
Schools - rental charge		275	-	-	275	308
Parish income		-	187		187	525
Community income	2b	477	-	-	477	593
Hospitality income		142	-	-	142	278
Other income	2b	-	146		146	285
Othertrading activities
Nonancillary trading income
- recharged expensesandrent to subsidiary		352	-		352	370
Otheractivities		-	-	-	-	4
Investments
investment income	3b	166	83	76	325	468
Bank andotherinterest	3b	40	-	-	40	19
Donations and legacies
Donations and legacies	4b	1,050	287	-	1,337	583
Donation from connected charity	4b	-	-	-	-	90
Coronavirus Job Retention Scheme grant		606	-		606	-
Other incoming resources
Profit on sale offixed assets		346		-	346	516
Total income		10,285	703	76	11,064	12,059
Expenditure
Raising funds
Non ancillary trading
- recharged expensesand rent		352	-		352	370
- trading expenses		-	-	-	-	1
Fundraising & development		363		-	363	206
Total deductible costs		715			715	577
Charitable activities
Schools		7,783	-		7,783	8,727
Parish		-	247	-	247	659
Community		2,165	40		2,205	2,170
Hospitality		257	-	-	257	332
Other		2,570	80		2,650	501
Donations to connected charities		-	329	-	329	516
		12,775	696	-	13,471	12,905
Total expenditure	7b	13,490	696	.	14,186	13,482

	2020	2020	2020	2020	2019
	Unrestricted	Restricted	Endowment	Total	Total
	Funds	Funds	Funds
	£'000	£'000	£'000	£'000	£'000
Net (outgoing)/incoming funds from operations	before
transfers and investment gains
	(3,205)	7	76	(3,122)	(1,423)
	(3,205)	7	76	(3,122)	(1,423)
Other recognised gains and losses
Net gains on investment assets	407	-	125	532	395
Net income and capital
	(2,798)	7	201	(2,590)	(1,028)
Pension schemeactuarial gains/(losses)	30	-	-	30	(357)
Transfer out to Diocese	-	(554)	-	(554)	(305)
Net movementsin funds	(2,768)	(547)	201	(3,114)	(1,690)
Fund balances brought forward at
1st September 2019	41,722	4,164	3,091	48,977	50,667
Fund balances carried forward at	38,954	3,617	3,292	45,863	48,977
31st August 2020

				Ampleforth Abbey Trust	Ampleforth Abbey Trust
			Trustee's	report and financial statements
Balance sheet				31st August 2020
as at 31st August 2020
	Notes	2020	2019	2020	2019
		Consolidated	Consolidated	Trust	Trust
		£'000	£'000	£'000	£'000
Fixed assets
Tangible assets	10	42,623	45,449	42,584	45,404
Investments	11	6,760	10,473	6,860	10,573
		49,383	55,922	49,444	55,977
Current assets
Stocks	12	456	518	213	246
Debtors	13	1,505	2,290	701	1,275
Cash and deposits		5,987	2,595	4,069	1,757
		7,948	5,403	4,983	3,278
Currentliabilities
Creditors payable within one year	14	(10,329)	(6,052)	(7,775)	(3,929)
Net currentliabilities		(2,381)	(649)	(2,792)	(651)
Total assets less currentliabilities		47,002	55,273	46,652	55,326
Long term liabilities
Creditors payable after one year	15	(1,228)	(6,600)	(598)	(6,013)
Total net assets before pension deficit		45,774	48,673	46,054	49,313
Pension schemedeficit	at	(191)	(336)	(191)	(336)
Total net assets after pension deficit		45,583	48,337	45,863	48,977
Funds
Endowed funds	16	3,292	3,091	3,292	3,091
Restricted funds	17	3,853	4,204	3,617	4,164
Unrestricted funds
Designated funds	18	2,975	2,863	2,904	2,849
Other charitable funds	19	35,654	38,515	36,241	39,209
Pension deficit	18	(191)	(336)	(191)	(336)
Total funds		45,583	48,337	45,863	48,977

				Ampleforth Abbey Trust	Ampleforth Abbey Trust
			Trustee's report	and financial statements
				31st August 2020
Consolidated Statement of Cash Flows
for the year ended 31st August 2020
	Note	2020	2020	2019	2019
		£'000	£'000	£'000	£'000
Net cash outflow from operations	22		(1,256)		(5,079)
Cashflows from investing activities Interest income Dividend income Proceeds from the sale of property, plant & equipment Purchaseof property, plant & equipment Proceedsfrom sale of investments Purchase of investments		42 325 500 (196) 4,447 (202)		24 182 527 (2,229) 619 (591)
			4,916		(1,468)
Cash flows from financing activities
Financing Repayments of borrowing Cashinflows from new borrowing		750		(968) 4,897
Receipt of endowment
		750		3,929
Fees in advance scheme Newfees in advance money Amounts accrued to fees in advance contracts Amounts utilised		213 66 (1,297)		751 73 (1,644)
Amounts repaid Net movementon fees in advance		1,018		820
			750		3,929
Change in cash and cash equivalents in the reporting period			4,410		(2,618)
Cash and cash equivalents at the beginning of the reporting period	22b		194		2,812
Cash and cash equivalents at the end of the reporting period	22b		4,604		194

a	Consolidated	2020	2020	2020	2020	2019
		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds
		£000	£'000	£'000	£'000	£000
	Community incomefrom charitable activities
	Other community income	477	-	-	477	593
		477	-	-	477	593
	All of the comparative income (£285,000) relates to the unrestricted fund.
	Other incomefrom charitable activities
	Ampleforth Hospitalite of Our Lady of Lourdes	-	146	-	146	285
		-	146	-	146	285
	All of the comparative income (£285,000) relatesto the restricted fund.
b	Trust	2020	2020	2020	2020	2019
		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds
		£'000	£'000	£000	£'000	£'000
	Community income from charitable activities
	Chargesfor work within the Trust	279		-	279	327
	Other community income	198	-	-	198	266
		A477	-	-	477	593
	All of the comparative income (£593,000)relates to the unrestricted fund.
	Other incomefrom charitable activities
	Ampleforth Hospitalite of Our Lady of Lourdes		146	-	146	285
		-	146	-	146	285

InvestmentIncome
	2020	2020	2020	2020	2019
Consolidated	Unrestricted	Restricted	Endowment	Total	Total
	Funds	Funds	Funds
	£000	£000	£'000	£000	£000
Investment income
Dividends andinterest on investment funds				-	182
Dividends UK other	166	83	76	325	-
	166	83	76	325	182
Bank and otherinterest
Bank and otherinterest	42	-	:	42	24
	42	-	-	42	24
Trust	2020	2020	2020	2020	2019
	Unrestricted	Restricted	Endowment	Total	Total
	Funds	Funds	Funds
	£'000	£'000	£000	£000	£'000
Investment income
Dividends and interest on investment funds
Dividends UK other	166	83	76	325	184
Gift Aid Donation (see note 5)	-	-	-	-	284
	166	83	76	325	468
Bankand otherinterest
Bank and otherinterest	40	-	-	40	19
	40	-	-	40	19

	Donations and legacies
»	Consolidated	2020	2020	2020	2020	2019
		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds
		£000	£'000	£'000	£'000	£'000
	Donations and Legacies
	Legacies	25	45	-	70	-
	Churchcollections	20	-	-	20	24
	Bursary fund	-	221	-	221	110
	Monastery fund	-	18	-	18	80
	Other	1,202	463	-	1,665	534
		1,247	747	-	1,994	748
	Consolidated - comparative	2019	2019	2019	2019	2018
		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds
		£000	£000	£000	£000	£'000
	Donations and Legacies
	Legacies	-	-	-	-	32
	Churchcollections	24	-		24	29
	Bursary fund	-	110		110	411
	Monastery fund	-	80		80	189
	Oxford property	-	-		-	1,800
	Other	333	201		534	97
		357	391	-	748	2,558

Donations and legacies
Trust	2020	2020	2020	2020	2019
	Unrestricted	Restricted	Endowment	Total	Total
	Funds	Funds	Funds
	£'000	£'000	£'000	£000	£000
Donations and Legacies
Legacies
Church collections	20	-	-	20	24
Bursary fund	-	136	-	136	410
Monastery fund	-	18	-	18	80
Other	1,030	133	-	1,163	369
	1,050	287	-	1,337	583
Donations from Connected charity
Donation from connected charity (note 6)	-	-	-	-	90
	-	-	-	-	90
Trust - comparative	2019	2019	2019	2019	2018
	Unrestricted	Restricted	Endowment	Total	Total
	Funds	Funds	Funds
	£000	£'000	£'000	£'000	£000
Donations and Legacies
Legacies	-	-	-	-	22
Church collections	24	-	-	24	29
Bursary fund	-	110	-	110	330
Monastery fund	-	80	-	80	189
Oxford property	.	-	-	-	1,800
Other	168	201	-	369	66
	192	391	-	583	2,436
Donations from Connected charity
Donation from connected charity {note 6)	90	>	-	90	17
	90	-	-	90	17
Non-ancillary trading income	2020	2020	2020	2020	2019
	Unrestricted	Restricted	Endowment	Total	Total
	Funds	Funds	Funds
	£000	£000	£000	£000	£'000
Trading income
Trading incomeoftrading subsidiary	1,029	-	-	1,029	2,082
(excluding items cancelled on
consolidation)
	1,029	-	-	1,029	2,082
All of the current and prior year non-ancillary income was unrestricted.

Profit and loss account summary:	2020	2019
	£000	£000
Turnover Costof sales	1,077 (1,203)	2,158 (1,587)
Gross profit	(426)	571
Administration expenses Other operating income Gift Aid Donation to Ampleforth Abbey Trust (see note 3)	(81) 107	(123) (284)
Net(loss)/profit	(400)	164
Balance sheet summary:	£000	£'000
Assets	433	534
Liabilities	(65)	(66)
Funds	368	468

	St Laurence	St Benet’s	Total	Total
	Education	Trust	2020	2019
	Trust
Statementof Financial Activities summary:	£'000	£'000	£'000	£'000
Incoming Resources
Income from charitable activities	13,870	763	14,633	17,720
Othertrading activities	22	-	22	52
Investments	2	-	2	5
Donations and legacies	909	513	1,422	999
	14,803	1,276	16,079	18,776
Resources expended
Raising funds	78	120	198	201
Charitable activities:
Education and grant making	16,659	1,151	17,810	19,953
Donation to Ampleforth Abbey Trust (note 4)	-	-	-	90
Total resources expended	16,737	1,271	18,008	20,244
Net (outgoing)/incoming resources	(1,934)	5	(1,929)	(1,468)
Balance sheet summary:
	£'000	£000	£000	£'000
Assets	2,549	208	2,757	2,708
Liabilities	(5,566)	(149)	(5,715)	(3,737)
Funds	(3,017)	59	(2,958)	(1,029)

Notes (continued)
Analysis of expenditure
	2020	2020	2020	2020	2019
Consolidated	Staff Costs	Other	Depreciation	Total	Total
		expenses
	£'000	£000	£'000	£000	£'000
Expenditure on raising funds
Non ancillary trading
- trading expenses	238	944	81	1,263	1,701
Fundraising & development	204	218	-	422	344
Other income generating activities	-	137	-	137	63
Financing costs	-	2	-	2	51
	442	1,301	81	1,824	2,159
Charitableactivities
Schools	14,466	4,831	2,138	18,435	19,803
Parish expenses	31	142	74	247	659
Community expenses	334	1,871	-	2,205	2,132
Hospitality expenses	236	-	21	257	332
Other Charitable expenses	-	75	-	75	560
Governancecosts (see below)	-	216	-	216	72
	12,067	7,135	2,233	21,435	23,558
	12,509	8,436	2,314	23,259	25,717

	Finance &	Information	Human	2020
	administration	technology	Resources	Total
	£'000	£000	£000	£'000
Schools	598	541	172	1,314
Community	100	46	10	156
	698	587	182	1,467
Costs are allocated according to a number ofevaluation criteria including absorption		based on floor	space, number of
staff, estimates of actual consumption andtimein use.
Governanceincluded in support costs			2020	2019
			£000	£'000
Remuneration paid to auditor for audit services			40	40
Remuneration paid to auditor for tax services			2	2
Reimbursementof Trustee expenses			18	17
Other			156	13
			216	72
			=

7		Analysis of total resources expended-	continued
	b	Trust	2020	2020	2020	2020	2019
			Staff Costs	Other	Depreciation	Total	Total
				expenses
			£000	£000	£000	£000	£000
		Expenditure on raising funds
		Non ancillary trading
		- recharged expenses	131	140	81	352	370
		- trading expenses	-	-	-	-	1
		Fundraising & development	204	159	-	363	206
			335	299	81	715	577
		Charitable activities
		Schools recharged expenses	3,509	2,147	2,132	7,788	8,727
		Parish expenses	31	142	74	247	659
		Community expenses	334	1,871	-	2,205	2,170
		Hospitality expenses	236	-	21	257	332
		Other Charitable expenses	~	75	-	75	464
		Donation to connected charity	-	329	-	329	516
		Provision for inter-entity balance	-	2,389	-	2,389
		Governancecosts (see below)	-	181	-	181	37
			4,110	7,134	2,227	13,471	12,905
			4,445	7,433	2,308	14,186	13,482

	Finance &	Information	Human	2020
	administration	technology	Resources	Total
	£'000	£000	£'000	£'000
Schools recharged expenses	598	541	172	1,311
Community	100	46	10	156
	698	587	182	1,467

Governanceincluded in support costs	2020	2019
	£000	£000
Remuneration paid to auditor for audit services	25	21
Remuneration paid to auditor for tax services
Reimbursement of Trustee expenses
Other	156	168
	181	189

equivalent persons employed by function was:
	2020	2019	2020		2019
	Consolidated			Trust
Trading activities	24	23	-		-
Fundraising activities	4	3	3		2
Schools	250	295	-		-
Parish	2	4	2		4
Community	1	15	cm]		15
Hospitality	4	6	4		6
	295	346	20		27
Recharged to St Laurence Education Trust	-	-	103		107
Recharged to Ampleforth Abbey Trading	-	-	2		2
	295	346	125		136
The aggregate payroll costs of these persons were asfollows:
	2020	2019	2020		2019
	£'000	£'000	£000		£'000
	Consolidated			Trust
Wagesandsalaries	10,420	11,243	1,438		926
Social Security costs	852	1,058	76		85
Pension contributions - defined benefit	980	752	48		1
Pension contributions - defined contribution	257	353	-		53
	12,509	13,406	1,562		1,065
Recharged to St Laurence Education Trust	-	-	2,752		3,336
Recharged to Ampleforth Abbey Trading	-	:	131		217
	12,509	13,406	4,445		4,618
Aggregate employee- benefits of key
management personnel	764	623	153		168

	Consolidated			Trust
	2020	2019	2020		2019
£60,000-£70,000	2	-	-		-
£70,001-£80,000	3	4			1
£80,001-£90,000	1	-	1		-
£90,001 - £100,000	2	2	1		2
£100,001 - £110,000	-	-			-
£120,000-£160,000	1	1	-		-

Trust
	Freehold land	Other	Improvements	Plant and	Total
	and buildings	Freehold	to leasehold	equipment
	Monastery	Land and	property
	and school	Buildings
	£000	£000	£000	£000	£000
Cost
Balance at 31st August 2019	68,213	1,398	-	2,980	72,591
Additions	187	-	-	9	196
Disposals	(75)	(79)	-	-	(154)
Transfers (note 8)	(1,469)	-	:	-	(1,469)
Balance at 31st August 2020	66,856	1,319	-	2,989	71,164
Accumulated depreciation
Balance at 31st August 2019	24,589	151	-	2,447	27,187
Charge for the year	2,201		-	107	2,308
Disposals	-	-	-	-	-
Transfers (note 8)	(915)	-	-	:	(915)
Balance at 31st August 2020	25,875	151	-	2,554	28,580
Net book value
At 31st August 2020	40,981	1,168	-	435	42,584
At 31st August 2019	43,624	1,247	-	533	45,404

	£00
Net book value
At 31st August 2020
At 31st August 2019	14
Depreciation chargefor the year
At 31st August 2020	14
At 31st August 2019	40

M1	Fixed asset investments
		2020	2019	2020		2019
		£'000	£'000	£000		£'000
		Consolidated			Trust
	Balance at ist September 2019	10,473	10,188	10,573		10,288
	Additions	202	591	202		591
	Disposals	(4,447)	(619)	(4,447)		(619)
	Revaluation	532	395	532		395
	Transfer to tangible assets (note 10)	-	(82)	-		(82)
	Market value at 31st August 2020	6,760	10,473	6,860		10,573
	Historical cost at 31st August 2020	4,578	8,593	4,678		8,693
		2020	2019	2020		2019
		£'000	£'000	£'000		£'000
		Consolidated			Trust
	Investmentin subsidiary companies	-	-	1600		100
	Managed Funds	6,561	10,275	6,561		10,275
	BATAshares	3	3	3		3
	Unquoted investments	63	62	63		62
	Loans	133	133	133		133
	Cash deposits	-	-
		6,760	10,473	6,860		10,573

		2020	2019	2020		2019
		£'000	£'000	£'000		£'000
		Consolidated			Trust
Sarasin	endowments fund class A INC	4,857	7,765	4,857		7,765
Sarasin	income & reserves fund class A INC	475	4,390	475		1,390

12	Stocks		2020	2019	2020		2019
			£'000	£'000	£000		£'000
			Consolidated			Trust
	Goodsfor	resale	215	222
	Other		241	296	213		246
			456	518	213		246

				Ampleforth Abbey Trust	Ampleforth Abbey Trust
				Trusiee’s report andfinancial statements
	Notes (continued)			31st August 2026
	Debtors	2020	2019	2020	2019
		£000	£000	£000	£000
		Consolidated			Trust
	Trade debtors	756	954	12	17
	Amounts owed by subsidiary undertakings			-	129
	Prepayments	577	408	527	177
	Other	172	928	162	962
		1,505	2,290	701	4,275
		stem mien		EEE	SS
14	Creditors: amountstalling due within one year	2020	2019	2020	2019
		£000	£000	£000	£000
		Consolidated			Trust
	Bank Loan	5,647	-	5,647	-
	Trade creditors	631	1,047	555	927
	Amount due to subsidiary undertakings			164	899
	Feesreceived in advance of term	1,758	2,215
	Confirmation fees	170	206
	Composition fees (fees in advance scheme)	786	1,285	786	1,285
	Finance lease	.	20		20
	Accruals	638	439	99	100
	Taxation and social security	233	249	233	250
	Othercreditors	466	591	291	448
		10,329	6,052	7775	3,929
		SS

Confirmation fees are depasits that are repayable whenthe pupil leaves the schoo! and	Confirmation fees are depasits that are repayable whenthe pupil leaves the schoo! and	Confirmation fees are depasits that are repayable whenthe pupil leaves the schoo! and	are technically repayable on demand,	are technically repayable on demand,
howeverit is expected that they will be repayable as follows:
	2020	2019	2020	2019
	£000	£000	£'000	£000
Within 1 year	170	206
Within 1 to 2 years	217	144
Within 2 to $ years	387	401
Over5 years	26	42
	800	793
Composition fees: Parents may enterinto a contract fo pay the Schools in		advance for a number of years. The		money may
be returned subject tc specific conditions on the receipt of notice. Assuming pupils will			remain within the schools, the
composition fees in advance will be applied as follows:
	2020	2019	2020	2019
Composition fees fail due as follows:	£000	£000	£000	£000
Within 1 year	786	1,285	786	1,285
Within 1 to 2 years	334	608	334	608
Within 2 to 5 years	218	469	218	469
Over5 years	45	39	45	39
	1,383	2,401	1,383	2,401
Summary of movementsin liability				=e
Balance at 1 September 2019			2,401	3,221
New contracts			213	751
Repayments Amaunis used to pay fees Amounts accrued to contract as debtfinancing cost Balance at 31 August 2020			(1,297) 66 1,383	(1,644) 73 2.401
Netobligations underfinance leases dueas follows:
Within 1 year				20
Within 1 to 5 years
				20 ===

Creditors: amountsfalting due after more than one year
	2020	2019	2020	2019
	£000	£'000	£000	£000
	Con:	Consolidated	Trust	Trust
Bank Loan	-	4,897	-	4,897
Confirmation fees	630	587	-
Composition fees received (fees in advance scheme)	598	1,116	598	1,116
	1,228	6,600	598	6,013
	SE		ee
The bankloan falls due as follows:	£000	£'000
Within 1 year	5,647	-
Within 1 to 2 years	-	-
Within 2 to 5 years		4,897
Over5 years		:
	5,647	4,897

Endowmentfunds	Balance at	Income	Expended	Investment	Transfers	Balanceat
Consolidated and Trust	31 Aug 19			gains		31 Aug 20
	E000	£000	£'000	£'000	£'000	£000
Permanent endowment
Scholarship and bursaries	511	14	-	20	77	622
	511	14	-	20	77	622
Expendable endowment
The Miles Wright Bursary	1,836	44		75	(55)	1,900
The Bruno Bursary	744	18	-	30	(22)	770
	2,580	62	-	105	(77)	2,670
	3,091	76	-	125	-	3,292

Comparative	Balance at	Income	Expended	Investment	Transfers	Balance at
Consolidated and Trust	31 Aug 18			gains		31 Aug 19
	£000	£000	£000	£000	£000	£000
Permanent endowment
Scholarship and bursaries	389	9	-	19	94	511
	389	9	-	19	94	511
Expendable endowment
The Miles Wright Bursary	1,774	41		88	(67)	1,836
The Bruno Bursary	717	17	-	37	(27)	744
	2,491	58	-	125	(94)	2,580
	2,880	67	-	144	-	3,091
	38

17	Restricted Funds	Balance at	income	Expended	Transfers	Balance at
		31 Aug 19				31 Aug 20
	Consolidated	£000	£000	£000	£'000	£000
	Ampleforth Hospitalite of Our Lady of Lourdes (a)	295	146	(75)	-	366
	Permanent endowmentfunds income accounts (b)	275	18		-	293
	The Miles Wright Bursary restricted fund (c)	383	34	-	-	414
	The Bruno Bursary restricted fund (c)	7	2	-	-	9
	Mission funds (d}	1,531	187	(247)	(554)	917
	Bursary fund (e)	146	346	(241)	-	251
	War memorial fund (f)	540	22	(158)	-	404
	St Benet's Hall hardship fund (g)	40			-	40
	St Benet's Hall other (h)	28	252	(179)	-	101
	Monastery fund (i)
	Monastery refurbishmentfund (j)	61	19	-	-	80
	Abbey Church/extending the Ampleforth Welcome (k)
	General	95	-	-	-	95
	Heritage Lottery Fund grant
	Listed Places of Worship roof repair fund (1)	85	-	(5)	-	80
	Teaching schools and schoo! improvement (m)
	St Laurence Education Trustfund (n)	491	-	-	-	491
	Marian Garden (0)	-	100	(5)	-	95
	Other (p)	227	40	(50)	-	217
		4,204	1,163	(960)	(554)	3,853
	Restricted funds	Balance at	Income	_Expended	Transfers	Balanceat
		31 Aug 18				31 Aug 19
	Consolidated - Comparative	£'000	£000	£000	£'000	£000
	Ampleforth Hospitalite of Our Lady of Lourdes (a)	310	285	(300)	-	295
	Permanent endowmentfunds income accounts (b)	257	18	-	-	275
	The Miles Wright Bursary restricted fund (c)	383	-	-	-	383
	The Bruno Bursaryrestricted fund (c)	7	-	-	.	7
	Mission funds (d)	1,970	525	(964)	-	1,531
	Bursary fund (e)	264	133	(251)	-	146
	War memorial fund (f)	613	23	(96)	-	540
	St Benet's Hall hardship fund (g)	40	-	-	-	40
	St Benet's Hall other (h)	28	-	-	-	28
	Monastery fund (i)
	Monastery refurbishmentfund(j)	61	-	-	-	61
	Abbey Church/extending the Ampleforth Welcome(k)
	General Heritage Lottery Fund grant	95 44	- -	- (44)	- -	95 -
	Listed Places of Worship roof repair fund(I)	90	-	(5)	-	85
	Teaching schools and school improvement (m)
	St Laurence Education Trustfund (n)	494	-	-	-	491
	Other(p)	22	276	(71)	-	227
		4,675	1,260	(1,731)	-	4,204

Trust	Balance at	Income	Expended	Transfers	Balance at
	31 Aug 19				31 Aug 20
	£000	£000	£'000	£000	£000
Ampleforth Hospitalite of Our Lady of Lourdes(a)	295	146	(75)	-	366
Permanent endowmentfunds income accounts (b)	275	18	-	.	293
The Miles Wright Bursary restricted fund (c)	383	3	-	-	414
The Bruno Bursary restricted fund (c)	7	2	-	-	9
Mission funds (d)	1,531	187	(247)	(554)	917
Bursary fund (e)	146	146	(185)	-	107
War memarial fund (f)	540	22	(158)	:	404
St Benet's Hall hardship fund (g)	40	-	:	:	40
St Benet's Hall other(h)
Monastery fund (i)
Monastery refurbishment fund (j)	62	18			80
Abbey Church/extending the Ampleforth Welcome(k)
General	95	-	-	.	95
Heritage Lottery Fund grant
Listed Places of Worship roof repair fund (1)	85		(5)	-	80
St Laurence Education Trust fund (n)	491	-	-	.	491
Marian Garden(0)	-	100	(5		95
Other(p)	214	33	(24)	-	226
	4,164	703	(696)	(554)	3,617
Trust comparative figures	Balance at	Income	Expended	Transfers	Balance at
	31 Aug 18				31 Aug 19
	£000	£'000	£000	£000	£000
Ampleforth Hospitalite of Our Lady of Lourdes (a)	310	285	(300)	-	295
Permanent endowment funds income accounts (b)	257	18	-	.	275
The Miles Wright Bursary restricted fund (c)	383	-		.	383
The Bruno Bursary restricted fund (c)	7	-	-	-	7
Mission funds (d)	1,970	525	(964)	-	1,531
Bursary fund (e)	264	133	(251)	-	146
War memorial fund (f)	613	23	(96)	.	540
St Benet's Hall hardship fund (g)	40	-	-	-	40
St Benet’s Hall other (h)
Monastery fund(i)
Monastery refurbishment fund (j)	62	-		-	62
Abbey Church/extending the Ampleforth Welcome(k)
General	95		-	-	95
Heritage Lottery Fund grant	44	-	(44)	-	-
Listed Places of Worship roof repair fund (1)	90	-	(5)	-	85
St Laurence Education Trust fund (n)	491	-	-	-	491
Other(p)	22	276	(84)	-	214
	4,648	1,260	(1,744)	-	4,164

Ampleforth Hospitalite of Our Lady of Lourdes seeks to enable an annual pilgrimage to Lourdes in France.Included within the	Ampleforth Hospitalite of Our Lady of Lourdes seeks to enable an annual pilgrimage to Lourdes in France.Included within the
pilgrims are a numberof sick.
The income on the permanent endowmentfundsis to support various educational works of the Trust and to makeprovision
out of income for scholarships and bursaries.
The Miles Wright and Bruno bursary restricted funds are available for bursary support.
The works of the parishes take place within the mission fund and the parish assets are included within the fund.
Further details are given in note 8.
Therestricted bursary fund is to make provision for bursaries.
The war memorial fundis available to use for any lawful charitable purpose in connection with Ampleforth College. This is to
include a minimum of one bursary a year.
The St Benet's hardship fundis for the support of students at St Benet's Hall.
The St Benet's fund is for use for specific projects to be carried out by the Hall.
The monastery fund relates to donations made specifically for use by the community.
The monastery refurbishmentfund relates to donations made towards the refurbishment of the monastery.
The Abbey Church/extending the Ampleforth welcomefund relates to donations made towards the refurbishmentof the Abbey
Church, Walker organ and Monks’ Bridge andto attract more visitors to Ampleforth.
A £100,000 grant towards works on the Abbey Church Roof in 2017 is being released over 20 years, to match the depreciation
charge.
The teaching schools and school improvement programmerelated to grants and donations received to support the necessary
leadership and administration capacity in leading a teaching schoolalliance.
The St Laurence Education Trust fund relates to funds transferred acrossfrom that charity to the Ampleforth Abbey Trust	.
The use of such fundsis restricted to purposes that are in accordancewith the objects of the St Laurence Education Trust
being both education and the advancementof the Roman Catholic faith.
The Marian Garden fund relates to a donation to fund this spectic project.
Other relates to various smaller restricted funds.

				Ampieforth Abbey Trust	Ampieforth Abbey Trust
			Trustee‘s	report and financial statements
				31st August 2020
Notes (continued)
Designated funds	Balance at 31 Aug 19	Income	Expended	Transfers	Balance at 31 Aug 20
Consolidated	£000	£000	£000	£'000	£000
Pension reserve	(336)	:	115	30	(191)
Other: School bursary fund	799	60	(60)		799
School new bursary fund	781	51			832
Monastery refurbishment fund	1,185	5			1,190
Vocations fund	22				22
Monastery general fund	44	1			45
St Benet’s Halt Fellows research fund	14	78	(21)		71
St Benet's Hall graduate research fund Other	18		(2)		16
	2,863	195	(83)	-	2,975
	2,527	196	32	30	2,784
	Balanceat	income	Expended	Transfers	Balance at
	31 Aug 19				31 Aug 20
Trust	£000	£000	£'000	£000	£000
Pension reserve	(336)		115	30	(191)
Other:
Schoolbursary fund	799	60	(60)		799
School new bursary fund	781	54			832
Monastery refurbishment fund	1,185	5			1,190
Vocations fund	22				22
Monastery general fund Other	44 18	1	(2)		48 16
	2,849	117	(62)	-	2,904
	2,513	117	53	30	2,713

Designated funds	Balance at	income	Expended	Transfers	Balance at
	31 Aug 18				31 Aug 19
Consolidated - comparative	£000	£1000	£'000	£000	£000
Pension reserve	(39)	-	60	(357)	(336)
Other: School bursary fund School new bursary fund Monastery refurbishment fund Vocations fund	799 728 1,175 22	60 53 10 .	(60) - - -	- : - -	799 781 1,185 22
Monastery general fund	39	5	.	-	44
St Benet's Hail Fellows research fund	14	-	-	-	14
St Benet's Hall graduate research fund
Other	18	:	-	:	18
	2,795	128	(60)	-	2,863
	2,756	128	-	(357)	2,527
	Balance at	income	Expended	Transfers	Balance at
	31 Aug 18				31 Aug 19
Trust - comparative	£000	£000	£'000	£'000	£000
Pension reserve	(39)	-	60	(357)	(336)
Other: School bursary fund School new bursary fund Monastery refurbishment fund Vocations fund Monastery general fund	799 728 1,175 22 39	60 53 10 - 5	(60) : - - :	: - - - -	799 781 1,185 22 44
Other	18	:	:	:	18
	2,781	128	(60)	.	2,849
	2,742	128	-	(357)	2,513
	42

			Ampieforth Abbey Trust	Ampieforth Abbey Trust
		Trustee's report and financial statements
Notes (continued)			31st	August 2020
Other charitable funds
	2020	2019	2020	2019
	£000	£000	£000	£000
	Consolidated			Trust
At beginning of year	38,515	40,997	39,209	40,397
(Deficit)/surplus for the year	(2,831)	(2,839)	(2,938)	(1,545)
Transfer (from)/Ao designated funds	(30)	357	(30)	357
At end of year	35,654	38,515	36,241	39,209

Included within them are the following non charitable trading funds:
Non charitable trading funds	2020	2019
	£000	£'000
At beginning of the year	419	255
Retained {(loss)/profit	{100}	164
	319	419

2020	2019	2020		2019
£'000	£000	£000		£000
Consolidated			Trust

Operating leases:
At31 August 2020 the company had annual commitments under non-cancellable operating leases as follows:
	2020	2019	2020		2019
Operating Jease payments overthe following periods:	£'000	£000	£'000		£'000
	Consolidated			Trust
a) Land andbuildings In fess than one year Between two and five years	- -	- -	- -		- .
b) Other
In jess than one year	13	19	8		8
Between two and tive years	-	-	-		-
	13	19	8		8

	T
	Notes (continued)
21	Pension and similar obligations
	There are three pension schemesto which contributions are made.
21a	Teachers' Pension Scheme (TPS)
	The TPSis an unfunded multi-employer defined benefits pension scheme governed by The Teachers’
	Pensions Regutations 2010 (as amended) and The Teachers’ Pension Scheme Regulations 2014 (as
	amended). Members contribute on a “pay as you go”basis with contributions from members and the
	employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds
	provided by Parliament.
	The employer contribution rate is set by the Secretary of State following schemevaluations undertaken by
	the Government Actuary’s Department. The mostrecentactuarial valuation of the TPS was prepared as at 31
	March 2016 and the Valuation Report, which was published in March 2019, confirmed that the employer
	contribution rate for the TPS would increase from 16.4%to 23.6% from 1 September 2019. Employers are
	also required to pay a scheme administration levy of 0.08% giving a total employer cantribution rate of
	23.68%.
	The 31 March 2016 Valuation Report was prepared in accordancewith the benefits set out in the scheme
	regulations and under the approachspecified in the Directions, as they applied at 5 March 2019. However,
	the assumptions were considered and set by the Department for Education prior to the ruling in the
	‘McCloud/Sargeant case’. This case has required the courts to consider cases regarding the implementation
	of the 2015 reforms to Public Service Pensions including the Teachers’ Pensions.
	On 27 June 2019 the Supreme Court denied the government permission to appeal the Court of Appeal's
	judgmentthattransitional provisionsintroduced to the reformed pension schemesin 2015 gaverise to
	unlawful age discrimination. The governmentIs respecting the Court's decision and hassaidit wilt engage
	fally with the Employment Tribunal as well as employer and memberrepresentatives to agree how the
	discriminations will be remedied. A consultation was launched by the government on 16 July 2020, and
	closed to responses on 11 October 2020.
	The TPSis subject to a cost cap mechanism which wasputin place to protect taxpayers against unforeseen
	changesin schemecosts. The Chief Secretary to the Treasury, having in 2018 announced that there would be
	a review of this cost cap mechanism,in January 2019 announced a pause to the cost cap mechanism
	folowing the Court of Appeal’s ruling in the McCloud/Sargeant case and until there is certainty about the
	value of pensians to employees from April 2015 onwards. The pause waslifted in July 2020 and the
	governmentis preparing to complete the cost control elementof the 2016 valuations, which is expected to be
	completed in 2021.
	In view of the aboverulings and decisions the assumptions used in the 31 March 2016 Actuarial Valuation
	may becomeinappropriate. In this scenario, a valuation prepared in accordancewith revised benefits and
	suitably revised assumptions would yield different results than those contained in the Actuarial Valuation.
	Until the consuftation and the cost cap mechanism review are completedit is not possible to conclude on any
	financial impact or future changesto the contribution rates of the TPS. Accordingly no provision for any

	Ampleforth Abbey Trustees Limited is the Principal Employer of the Ampleforth Abbey Trustees Retirement Benefits Scheme, whichis	Ampleforth Abbey Trustees Limited is the Principal Employer of the Ampleforth Abbey Trustees Retirement Benefits Scheme, whichis	Ampleforth Abbey Trustees Limited is the Principal Employer of the Ampleforth Abbey Trustees Retirement Benefits Scheme, whichis	Ampleforth Abbey Trustees Limited is the Principal Employer of the Ampleforth Abbey Trustees Retirement Benefits Scheme, whichis	Ampleforth Abbey Trustees Limited is the Principal Employer of the Ampleforth Abbey Trustees Retirement Benefits Scheme, whichis
	a defined benefit scheme. The Schemeis closed to new members and therefore underthe projected unit method the			current service
	cost will increase as the members of the scheme approachretirement.
	At 31 August 2020 £nil was accrued in respect of pension contributions to this scheme (2019: fnil).
	A full valuation wascarried out as at 6th April 2016	and updated on an approximate basis to 31 August 2020 by a qualified
	independent actuary. The major assumptions used	by the actuary	were:
			31 Aug 20	31	Aug 19
	Rate of increase in salaries		4.20%	4.30%
	Rate of increase in pensions accrued post 1997		3.60%	3.70%
	Rate of increase in pensions in deferment		3.00%	3.00%
	Discountrate		1.70%	2.80%
	Inflation assumption RPI		3.20%	3.30%
	inflation assumption CPI		2.40%	2.50%
	Members taking tax free cash allowance		65.00%	65.00%
	Mortality rates		S3PXA yob	S2PXA yob
	The amounts recognised in the balance sheetare as follows:
			31 Aug 20	31	Aug 19
			£000		£000
	Fair value of scheme assets		3,251		3,197
	Present value of scheme liabilities		(3,442)		(3,533)
	Deficit in the scheme		(191)		(336)
	The major categories of scheme assets as a percentageof total schemeassetsare as follows:
			31 Aug 20	31	Aug 19
	Cash		10%		4%
	Equities		61%		67%
	Fixed interest		18%		17%
	Other		11%		12%
i)	The included within the Si of Fi	fal Activiti	2026		2019
			£000		£000
	Current Service costs		(4)		{4)
	Interest on pension schemeliabilities		(66)		(83)
	Expected return on pension scheme assets		(52)		141
	Net charges to the Statement of Financial Activities		122		54
			44

		2020	2019
		£000	£000
	Net incoming resources	(2,230)	(2,309)
	Elimination of non-operating cashflows:
	- (gains) on investments	(832)	(395)
	- Investment income	(367)	(206)
	- Pension movements	(145)	(60)
	Depreciation	2,314	2,136
	(Profit) on sale offixed assets	(346)	(516)
	Decreasein debtors	785	1,139
	Decreasein creditors (excluding fees in advance scheme)	(797)	(4,869)
	Decreasein stocks	62	1
	Parish cash transferred to Diocese (note 8)	-	-
	Net cash outflow from operations	(1,256)	(5,079)
22b	Analysis of cash and cash equivalents
		2020	2019
		£000	£000
	Cash at bankand in hand	5,987	2,595
	Composition Fees	(1,383)	(2,401)
		4,604	194

	2020	2020	2020	2020	2019
	Unrestricted	Restricted	Endowment	Total	Total
	£000	£000	£000	£'000	£000
Fund balancesat 31st August 2020 are
represented by:
Tangible fixed assets	42,094	529	-	42,623	45,449
Investments	1,884	1,584	3,292	6,760	10,473
Current assets	6,208	1,740		7,948	§,403
Currentliabilities	(10,329)	-	-	(10,329)	(6,052)
Liabilities due after more than one year	(1,228)		-	(1,228)	(6,600)
Pension schemefunding deficit	(191)	-	-	(191)	(336)
Total net assets at 31st August 2020	38,438	3,853	3,292	45,583	48,337
	2019	2019	2019	2019	2018
	Unrestricted	Restricted	Endowment	Total	Total
	£000	£'000	£'000	£'000	£'000
Fund balances at 31st August 2019 are
represented by:
Tangible fixed assets	44,366	1,083	-	45,449	45,672
investments	5,988	1,394	3,091	10,473	10,188
Current assets	3,676	1,727	-	5,403	9,981
Currentliabilities	(6,052)	-	-	(6,052)	(12,017)
Liabilities due after more than one year	(6,600)	-	-	(6,600)	(2,477)
Pension scheme funding deficit	(336)	-	.	(336)	(39)
Total net assets at 31st August 2019	41,042	4,204	3,091	48,337	51,308

The following transactions took place with the parent charity, Ampleforth Abbey Trust andits	subsidiaries:
	2020	2019
St Laurence Education Trust	£000	£000
- recharges to the St Laurence Education Trust for a proportion of centrally
managed costs (including related wages and a share of depreciation)	6,022	8,020
- rental charge by Ampleforth Abbey Trust for use of land and buildings	275	319
- donation (to)/from the St Laurence Education Trust	329	-
- balance owedfrom/(to) the St Laurence Education Trust as at the year end date(fully
provided for)	2,387	(620)
The St Benet's Trust
- recharges for Batells for members of the monastic community	(8)	(7)
- donation from the Ampleforth Abbey Trust- re use of buildings forlettings	(11)	(284)
- donation from the Ampleforth Abbey Trust- other	-	(230)
- donation to the Ampleforth Abbey Trustfor capital expenditure	-	90
-balanceowedtoTheStBenet'sTrust	(44)	(17)

-	recharges to Ampleforth Abbey Trading Limited for a proportion of centrally managed
	costs (including related wages and a share of depreciation) and rental charges	352	370
-	donation (from) Ampleforth Abbey Trading	-	(285)
-	balance owed to Ampleforth Abbey Trading as at the year end date	(119)	-

for year ended 31st August 2019
	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds
	£'000	£000	£000	£000
Income and endowmentsfrom:
Charitable activities
Schools income	17,729	-	-	17,729
Parish income	-	525	-	525
Community income	592	-	-	592
Hospitality income	278	-	-	278
Other income	-	285	-	285
Othertrading activities
Nonancillary trading income	2,082	-	-	2,082
Otheractivities	52	-	:	52
Investments
Investment income	56	59	67	182
Bank and otherinterest	24	-	-	24
Donations and legacies
Donations and legacies	357	391	-	748
Other incoming resources
Profit on sale of fixed assets	516	-	-	516
Total income	21,686	1,260	67	23,013
Expenditure on:
Raising funds
Nonancillary trading	1,701	-	-	1,701
Fundraising & development	344	0	-	344
Other income generating activities	63	-	-	63
Financing costs	51	.	-	51
Total deductible costs	2,159	-	-	2,159
Charitable activities
Schools	19,483	320	-	19,803
Parish	-	659	-	659
Community	2,132	-	-	2,132
Hospitality	332	-	-	332
Other	185	447		632
	22,132	1,426	-	23,558
Total expenditure	24,291	1,426	-	25,717
Net incoming funds from operations
before transfers and investment gains	(2,605)	(166)	67	(2,704)
Transfer between funds	-	-	(122)	(122)
Other recognised gains and losses
Net gains on investment assets	251	-	141	392
Net income	(2,354)	(166)	214	(2,309)
Pension schemeactuarial (losses)/gains	(357)	-	-	(357)
Transfer out to Diocese	-	(305)	-	(305)
Net movements in funds	(2,711)	(471)	211	(2,971)
Fund balances brought forward at	43,753	4,675	2,880	51,308
31st August 2018
Fund balancescarried forward at	41,042	4,204	3,091	48,337
3ist August 2019