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2023-08-31-accounts

e highest level as:
Ob ective I: Affirm our Identit Good Pro ress
Ob'ective 2: Demonstrate
our Safe uardin		 Commitment Excellent Pro ress
Ob'ective 3: Enhance our Offerin to Guests Good Pro ess
Ob ective 4: Ali and 0 timise our Commercial Activi Moderate Pro ress
Ob ective 5 Make our Estate Work for Us Moderate Pro ress
Ob'ective 6: Renew the Invitation to oin our Communi ofSu ort Good Pro ress

rimp(ejhr(h dbdey 1'ruie
Trustee's repon aridfinuncia( s(aremenii'
CONSOLIDATED 31st August 2023
Statement offinaacial activities
for year ended 3(si,t ugus( 2023
d(o(e 2023 2023 2023 2023 2022
((nresrric(ed Jteivrrcred Endvwmeni (bio( ('oiu(
Funds Funds Funds
HKiO fYIOO OOOO EOOO
Income and endowments from:
Charitable
activities
Schools income 13,879 13,879 16,719
Parish mcome 447 500
Community
income		 420 420 405
Hospitality
income		 363 363 183
Other income 7a 404 246 650 150
Other trading
activities
Non anciliai3
tmding		 income 867 867 1,445
Other activities 123 123 3
lavestments
Investment
income		 263
Gilt Aid Donation
Bank and other interest 3a 445 14
Donations and legacies
Donations and legacies 131 956 1,087 1,962
Coronavirus
Job Retention		 Scheme grant
Other incoming
resources
Profit on sale offixed assets 13,558 13,558
Total income 30,487 1,685 111 32,283 27,174
Expenditure
on:
Itaising funds
Non ancillary
tradmg		 7a 738 738 1,251
Pundraising
dc development		 7a 81
738 738 1,332
Charitable
activities
Schools 15,767 273 16,040 17,045
Parish 289 289 683
Community 3,835 3.835 3,750
Hospitality 160 160 110
Other 1,868 397 2,265 3,579
Donations
to connected charities
Disposal ofdefined pension scheme
959 23,245 25,167
Total expenditure ja 23,024 23,983 26,499

.4&nl»'ejbrrb Abbey lrurr
Trusree's ref&orr und finunci el store&nenrs
CONSOLIDATED 3lsr Augusr 2023
Statement offinaacial activities
for yeur ended 3 is& Augusr 2023
h'ore 2023 2023 2023 2023 2022
(inresrr&cred Res&r&crud Endov&a&en& l'oial Ti&rul
Funds Frulrls Funds
E'000 E'000 f:000 E'000
Income and endowments from:
Charitable
activities
Schools income 13,879 13,879 16&719
Parish income 447 447 500
Commumty
income		 420 420 405
Hospitality
income		 363 363 183
Other income 404 246 650 150
Other trading activities
Non ancigary trading income 867 867 1,445
Other actrvihes 123 123 3
Investments
investment
income		 3a 297 36
Cdft
&&&rd Donation
8ank and other interest 445 14
Donations
and legacies
Donations
and legacies		 4a 131 956 1,087 1,962
Coronavirus
Job Retention		 Scheme grant
Other inconring
resources
Profit on sale of'lixed assets 13,558 13,558 5,530
Total income 30,487 111 32,283 27,174
Expenditure
on:
Raising funds
Non ancrllary
trading		 7s 738 738 1,251
Fund&a&sing
dt development		 7a 81
738 738 1,332
Charitable
activities
Schools 15,767 273 16040 17045
Pansh 289 289 683
Community
Hospitality		 3,835
160		 3.835
160		 3.750
110
Other 1,868 2.265 3,579
Donations
to connected charities
Disposal ofdefined pension scheme 656 656
22,286 959 23,245 25,167
Total expendrture 7a 23,024 959 23,983 26,499
Ampleforth Abbey Trust
Trustee's report andfinancial statements
CONSOLIDATED 31stAugust 2023
Statement offinancial activities (continued)
for year ended 31stAugust 2023
Note 2023 2023 2023 2023 2022
Unrestricted Restricted Endowment Total Total
Funds Funds Funds
f.'000 6'000 f.'000 f.'000 f.'000
Net incoming
funds from operations
before transfers
and investment		 gains 7,463 726 8+00 676
7,463 726 8,300 676
Other recognised
gains and losses
Net (losses) on investment
assets		 (151) (17) (77) (245) (555)
Net income 7,312 709 34 8,055 121
Pension scheme actuarial gains 142
Transfers 8 & 17 (27) 27 (189)
Net movements
in funds		 7,285 736 34 8,055 74
Fund balances brought
forward at		 38,462 3,850 2,972 45,284 45,210
1st September 2022
Fund balances carried forward at 45,747 4,586 3,006 53,339 45,284
31stAugust 2023
Ampleforth Abbey Trust
Trustee's report andfinancial statements
AMPLEFORTB ABBEYTRUST 31stAugust 2023
Statement offinancial activities
foryear ended 31stAugust 2023
Note 2023 2023 2023 2023 2022
Unrestricted Restricted Endowment Total Total
Funds Funds Funds
f.'000 f.'000 F000 f.'000 E'000
Income and endowments from:
Charitable
activities
Schools - rental charge 262 262 264
Parish income 447 447 500
Community
income		 2b 420 420 405
Hospitality
income		 363 363 183
Other income 246 246 150
Other trading
activities
Non ancillary
trading		 income
-recharged
expenses		 and rent to subsidiary
Other activities
Investments
Investment
income		 3b 297 36 444 263
Gift Aid Donation 3b 292 292 80
Bank and other interest 3b 325 325
Donations
and legacies
Donations
and legacies		 4b 131 604 735 1,802
Coronavirus
Job Retention		 Scheme grant
Other incoming
resources
Profit on sale offixed assets 13,558 13,558 5,530
Total income 15,648 1,333 111 17,092 9,177
Expenditure
on:
Charitable
activities
Parish 289 289 683
Community 3,835 3,835 3,750
Hospitality 160 160 110
Other 1,868 397 2,265 3,719
Donations to connected charities 200 125 325 1,043
Disposal ofdefined pension scheme 656 656
Loss on disposal offixed assets
6,719 811 7,530 9,305
Total expenditure 6,719 811 7,530 9,305
Arnplrforrh Abbey Trust
Trusree'. ~ report and /mane/a/ statements
AMPLEFORTB ABBEYTR(lST 31st August 2023
Statement offiaancial activities fcontfnued)
foryear ended 3Ist August 2023
Note 2023 2023 2023 2023 2022
Unrrsiricted Restrrcted Endownrenr Tora! Trrrul
Funds Funds Funds
6'000 Q}00 Q)00 8'000
Net incoming/(outgoing) funds from operations before
transfers
and invtmtment
gains
8,929 111 9s)62 (128)
522 111 9,562 (128)
Other recognised
gains		 aad losses
Net gains on investment assets (151) (17) (7I) (245) (555}
Net (expenditure) 8,778 34 9.318 (683}
Pension scheme actuarial gains 143
Transfers 8 th 17 (9) (189)
Net movements
in funds		 514 34 9317 (729)
Fund ba(ances
brought		 forward at
1stSeptember 2022 35,199 4,088 2,972 42,259 42,988
Fund balances carried forward at 4,602 51,576 42,259
31stAugust
2(f23
&tm/defunh /Ihhey Prus&
I'ru
&res		 's rr/n &r/ and financial s/airmen/s
3/sr Avgas/ 2023
Balance sheet
fnr year ended 3 is&dugusi 2023
A/are 2023 2022 2023 2022
( ann&i/i dared f iillsnlalase&I 7!us/ I'ruir
BSO QNO G}00 f'000
Fired assets
Tangible assets 30,888 39,0i5 29,908 38.556
Investments 15,658 5,857 15,758 5,957
44,872 45,666 44,513
Current
assets
Stocks l2 124 )23
Debtors /3 1,179 1,236 270 201
Cash and deposits 11.155 8,820 7,111 3,259
12,4$8 10.)79 7,381 3,460
Current
liabilities
Creditors
payable		 within one year (4,756) (8,538) (1,289) (5,321)
hist current liabilities 7,703 1.641 6,091 (1.861)
Total assets lens current liabilities 54.249 46,$13 51,7$8 42,652
Long terat liabilities
Creditors
payable		 aller one year /5 (9101 (1,229) (182) {393)
Total net assets 53,339 45.284 5i,576 42,259
Funds
Endowed
funds		 /6 2,972
Restricted
funds		 /7 4,586 3,850 4,602 4,088
flnrestricted
funds
Designated
funds		 1,708 2,572 1,711 2,502
Other charitable funds 44.039 3$,890 42,257 32.697
Pension deficit
Total funds 53,339 45,284 51.576 42,259
Ampleforth Abbey Trust
Trustee's report andfinancial statements
31stAugust 2023
Consolidated
Statement ofCash Flows
foryear ended 31stAugust 2023
Note 2023 2023 2022 2022
f'000 8'000 f'000 f'000
Net cash outflow from operations 21 (8,023) (3,038)
Cash flows from investing activities
Interest income 445 14
Dividend
income		 444 263
Proceeds from the sale ofproperty, plant &equipment 22,741 5,902
Purchase ofproperty, plant
tie equipment		 (2,254) (584)
Disposal ofDefined Pension Scheme (657)
Proceeds from sale of investments 3,153 1,042
Purchase ofinvestments (13,199) (141)
10,673 6,496
Cash flows from financing activities
Fees in advance scheme
New fees in advance money 391 386
Amounts
accrued to fees in advance contracts		 ¹REF!
Amounts
utilised		 (685) (560)
Amounts
repaid
Net movement
on fees		 in advance 294 174
Change in cash and cash equivalents in the
reporting
period		 2,650 3,458
Cash and cash equivalents at the beginning
ofthe reporting
period		 21b 7,675 4,218
Cash and cash equivalents at the end ofthe
reporting
period		 2 lb 10,325 7,675
I Accounting
policies (contmued)
Transfers
Transfers are made between
fixed asset investments
and fixed asset land and buildings
when aproperty		 is no longer deemed to be held for investment
purposes
and vice versa.
Impairment
At each reporting
period end date, the trust reviews the carrying amounts ofits tangible assets to determine		 whether
there is any indication
that those
assets have suffered an impairment
loss. Ifany such indication
exists, the recoverable
amount ofthe asset		 is estimated
in order to determine
the extent of
the impairment
loss (ifany). Where it is not possible to estimate the recoverable
amount ofan individual		 asset, the Trust estimates the recoverable
amount ofthe cash-generating
unit to which the asset belongs.
Stocks
Stocks are stated at the lower ofcost and net realisable value.
Composition
fees
Composition
fees represent
atnounts
received in respect offuture fees Interest is added to the amounts		 annually and the balance is then used to offset
against pupils' fees.
Leases
Assets obtained
under hire purchase
contracts and finance leases are capitalised
as tangible assets and		 depreciated over the shorter ofthe lease term and
their useful lives.
Obligations
under such agreements
are mcluded
in creditors net ofthe finance charge		 allocated to future periods Rentals payable
under operating
leases are charged against income on a straight hne basis over the lease term.
Post-retirement
benefits
lite group operates both defined contribution
and defined benefits pension schemes. Retirement
benefits		 to academic employees ofthe school are
provided
by The Teachers' Pension Scheme (TPS). 'Ibis scheme is a multi employer
pension scheme and		 itis not possible to identify the assets and
liabilities ofthe scheme which are attnbutable
to the Trust and therefore,
as required by FRS102,accounts		 for the scheme as ifit were a defined
contribution
scheme. The Charity's
contributions,
which are in accordance with the recommendations		 of the Government
Actuary,		 are charged in the
period in which the salaries to which they relate are payable.
Non teaching staff are members ofa defined contribution
scheme. The assets ofthe schemes are held		 separately
&om the Trust in independently
arhninistered
funds. The amount charged to the Statement ofFinancial Activities represents
the contributions
payable to the scheme in respect ofthe
accounting
period.
llie defined benefit scheme is a multi employer
scheme with the Ampleforth
Abbey Trust as the pnncipal		 employer,
which was operating
during the
year. In November
2022 the scheme was subject to a buy-in which cost the trust f657k to fund, given		 the scheme was in deficit. It is envisaged
the final
buy-out will occur by July 2024 at little orno further cost to the trust.

Ampleforth Ampleforth Abbey Trust Abbey Trust
Trustee s report andfinancial statements
3lstAugust 2023
Notes (continued)
I Accounting
policies (continued)
Donations,
legacies and fund accounting
Incoming resources received by way ofgrant, donation
or legacy to fund general or specific activities are recognised where there		 is entitlement, the
amount can be reliably
quantified
and the economic benefit
to the Charity is considered
probable.
Donations
received for the general purpose ofthe Trust are credited to unrestricted
funds.		 The Trust may at its discreuon
set aside funds for		 specific
purposes
as designated
funds which would otherwise
form part ofthe general		 reserves ofthe Trust.
Donauons
subject to specific wishes ofthe donors are credited to relevant restricted funds, or to endowed		 funds where the amount
is		 required to be held
as permanent
capital.
Gifts in kind are estimated
at the open market value
at the date ofthe gift.
Other income
Income is recognised
when the charity has entitlement
to the funds,
any performance
conditions
attached		 to the income have been met, it is probable that
the income will be received and the amount
can be measured
reliably.
Income I'rom commercial
activities
is recognised
as earned.
Invesunent
income is recognised
on areceivable		 basis
Other income is		 credited to the
Statement ofFinancial
Activities when it falls due.
Expenditure
Expenditure
is recognised
when a liability is considered probable,
discounted		 to present value for longer-term liabilities
Expenditure		 is summarised
under functional
activity headings
either on a direct cost basis, or for overhead		 and support costs, apportioned according to anumber ofevaluation
criteria.
These include absorption
based upon floor space, nuinber ofstaff, estimates ofactual consumpnon		 and time in use.
Governance
costs relate to costs associated with meeting
the constitutional
and statutory		 requirements
ofthe		 charity and include audit fees. Interest
charges are allocated to the functional
activity that they relate to.
Financial instruments
The Trust only has financial assets and financial liabilities ofakind tliat quahfy as basic financial instnunents. Basic financial
instruments		 are initially
recognised
at transaction
value and subsequently
measured
at their settlement		 value with the exception ofbank loans which are subsequently measured
at amoitised
cost using the effective interest
method.

2 Charitable Activities
a Consolidated 2023 2023 2023 2023 2022
Unresimcted Restricted Endowment Total Total
Funds Funds Funds
f'000 f'000 f'000 f'000 f'000
Community income from charitable activities
Other community
income		 420 420 405
420 420 405
All ofthe comparative income (f405,000)relates to the unrestricted fund.
Other income from charitable activities
Ampleforth Hospitalite ofOur Lady ofLourdes 246 246 150
Sundry income 404 404
404 246 650 150
All ofthe comparative mcome (f150,000) relates to the restricted fund.
b Trust 2023 2023 2023 2023 2022
Unrestricted Restncted Endowment Total Total
Funds Funds Funds
f'000 f'000 f'000 f'000 f'000
Community income from charitable activities
Charges for work within the Trust 231 231 205
Other community
income		 190 190 200
420 420 405
All ofthe comparative income (f405,000) relates to the unrestricted fund.
Other income from charitable activities
Ampleforth Hospitalite ofOur Lady ofLourdes 246 246 150
246 246 150
Consolidate d 2023 2023 2023 2023 2022
Unrestmcted Restricted Endowment Total Total
Funds Funds Funds
F000 F000 8000 I'000 I'000
Investment income
Dividends UK other 297 36 444 263
297 444 263
Bank and other interest
Bank and other interest 445 445 14
445 445 14
Trust 2023 2023 2023 2023 2022
Unrestncted Restncted Endowment Total Total
Funds Funds Funds
f.'000 f.'000 I.'000 B000 f'000
Investment income
Dividends UK other 297 36 444 263
Gift Aid Donation (see note 6) 292 292 80
589 736 343
Bank and other interest
Bank and other interest 325 325
325 325
Amplefortb Abbey Trust
Trustee's report andfinancial statements
31stAugust 2023
Notes (continued)
4 Donations and legacies
a Consolidated 2023 2023 2023 2023 2022
Unrestncted Restmcted Endowment Total Total
Funds Funds Funds
F000 F000 f,'000 F000 E000
Donations and Legacies
Legacies 77 352 429 236
Church collections 23 23 29
Bursary fund
Monastery fund
Other 32 604 635 1,697
131 956 1,087 1,962
Consolidated -comparative 2022 2022 2022 2022 2021
Unrestmcted Restricted Endowment Total Total
Funds Funds Funds
8000 F000 F000 E000 F000
Donations and Legacies
Legacies 61 175 236 2,479
Church collections 29 29 14
Bursary fund
Monastery fund
Other 132 1,565 1,697 898
222 1,740 1,962 3,391
Ampteforth Abbey Trust
Trustee's report andfinancial statemenis
3lst August 2023
Notes (continued)
5 Non-ancillary trading income 2023 2023 2023 2023 2022
Unrestricted Restncted Endowment Total Total
Funds Funds Funds
f000 8000 8000 8'000 E'000
Trading income oftrading subsidiary 867 867 1,445
(excluding items cancelled on
consolidation)
867 867 1,445
Profit and loss account summary: Profit and loss account summary: Profit and loss account summary: 2023 2022
f.'000 f'000
TU111over 867 1,445
Cost ofsales (493) (950)
Gross profit 374 495
Administration expenses (246) (221)
Other operating income
Gift Aid Donation to Ampleforth Abbey Trust (see note 4) (292) (80)
Net profit (164) 194
Balance sheet summary: f'000 2000
Assets 513 840
Liabilities (60) (223)
Funds 453 617

StLaurence StBenet's Total Total
Education Trust 2023 2022
Trlisi
Statement ofFinancial Activities summary: f.'000 BOOO F000 FOOO
Incoming Resources
Income Rom charitable activities 13,511 26 13,537 16,455
Other trading activines 123 123 3
Investments 120 120 14
Donations and legacies 3,429 3,429 1,203
Other mcome 404 404 142
17,587 26 17,613 17,817
Resources expended
Raising funds
Charitable activities:
Education and grant making 15,274 766 16,040 17,126
Donation
to Atnptefotth		 Abbey Trust (note 4)
Total resources expended 15,274 'l66 16,040 17,126
Net incoming/(outgoing) resources 2,313 (740) 1,573 691
Balance sheet summary:
F000 F000 f'000 OOOO
Assets 5,992 I 5,993 6,986
Liabilities (4,583) (4583) (7,149)
Funds 1,409 I 1,410 (163)
Ampleforth Abbey Trust
Trustee's report andfinancial statements
3lst August 2023
Notes (continued)
7 Analysis ofexpenditure
2023 2023 2023 2023 2022
a Consolidated StaffCosts Other Depreciation Total Total
expenses
F000 f'000 F000 8000 2000
Expenditure
on		 raising funds
Trading expenses 420 318 738 1,251
Fundraising
gc development		 81
420 318 738 1,332
Charitable
activities
Schools ¹REF! 16,040 17,045
Parish expenses 289 289 683
Community
expenses		 1,656 2,178 3,835 3,750
Hospitality
expenses		 160 160 110
Other Charitable expenses 405 1,861 2,265 3,579
Donations to connected charities
Disposal ofdefined pension scheme 656 656
Loss on disposal offixed assets
¹REF! ¹REF! 1,861 23,245 25,167
¹REF! ¹REF! 1,861 23,983 26,499
Governance included included in other charitable expenses 2023 2022
6'000 f.'000
Remuneration paid to auditor for audit services 54 55
Remuneration paid to auditor for tax services 2 2
Reimbursement ofTrustee expenses 10 10
Other 21 47
87 114
Ampleforth Abbey Trust
Trustee's report andfinancial statements
31stAugust 2023
Notes (contmued)
7 Analysis oftotal resources expended (continued)
b Trust 2023 2023 2023 2023 2022
StaffCosts Other Depreciation Total Total
expenses
F000 F000 F000 f'000 P000
Charitable
activities
Schools recharged expenses
Pansh expenses 289 289 683
Community
expenses		 1,656 2,078 3,735 3,750
Hospitahty
expenses		 100 160 260 110
Other Charitable expenses 535 1,730 2,265 3,719
Donation to connected chanty 325 325 1,043
Provision for inter-entity balance
Disposal ofdefined pension scheme 656 656
Loss on disposal offixed assets
1,756 4,044 1,730 7,530 9,305
Governance included included in other charitable expenses 2023 2022
f'000 F000
Remuneration paid to auditor for audit services 26 28
Remuneration paid to auditor for tax services
Reimbursement ofTrustee expenses I
Other 22
51

Ample)orth Abbey Trust Abbey Trust
Trustee's report andfinanctal statements
3lst August 2023
Notes (contmued)
9 Staff numbers
and costs (continued)
The aggregate
payroll		 costs ofthese persons were as follows:
2023 2022 2023 2022
f'000 f'000 f'000 f'000
Consoltdated Trllst
Wages and salaries 10,786 10,479 1,510 1,433
Social Security costs 1,005 1,003 138 132
Pension contnbutions -defined benefit 859 986 24 143
Pension contnbutions -defined contribution 305 299 85 76
12,954 12,767 1,756 1,784
Aggregate
employee -		 benefits ofkey
management
personnel		 851 1,096 430 375
On a consolidated
basis redundancy		 and termination payments off32,750(2022:f22,266)were incurred during the year, which relates to 1 employee.
Consolidated
Freehold land Other Improvements Plant and Total
and buildings Freehold to leasehold equipment
177Ionastery Land and property
and school Buildings
f'000 f'000 f'000 f'000 f'000
Cost
Balance at 1st
Additions
Disposals		 September 2022 65,399
2,102
~37,567		 988
~35		 162 1,861
152
~78		 68,410
2,254
~57,674
Balance at 31stAugust 2023 55,940 953 162 1,935 58,990
Accumulated depreciation
Balance at 1st
Charge for the
Disposals		 September 2022
year		 28,052
1,745
~3,686		 151 13 1,179
116
~78		 29,395
1,861
~3558
Balance at 31stAugust 2023 26,717 151 1,224 28,105
Net book value
At 31stAugust 2023 29,223 802 149 711 30,885
At 31stAugust 2022 37,347 837 149 682 39,015
31 stAugust 2023
Notes (conlmued)
10 Tangible fixed assets (continued)
b Trust Freehold land Other Improvements Plant and Total
and buddmgs Freehold lo leasehold etlui pment
Monastery Land and properly
and school BuiIdmgs
F000 F000 B000 B000 F000
Cost
Balance at 31stAugust 2022
Additions
Disposals		 64,949
1,466
~55.565		 988
~35		 790
134
~76		 66,727
1,600
~15,672
Balance at 31stAugust 2023 54,854 953 849 56,656
Accumulated
depreciation
Balance at 31stAugust 2022
Charge for the year
Disposals		 27,577
1,679
~3,683		 151 443
51
~78		 28,171
1,730
~3,153
Balance at 31st August 2023 26,173 151 423 26,747
Net book value
At 31stAugust 2023 28,681 802 426 29,908
At 31stAugust 2022 37,372 837 347 38,556
Ampleforih Abbey Truer
Trustee's report andfinancial siaiemenis
31stAugust 2023
Notes (continued)
11 Fixed asset investments 2023 2022 2023 2022
F000 F000 F000 F000
Consolidated Trust
Balance at 1st September 2022 5,857 7,310 5,957 7,410
Additions 13,199 141 13,199 141
Disposals (3,153) (1,039) (3,153) (1,039)
Revaluation (245) (555) (245) (555)
Market value at 31stAugust 2023 15,658 5,857 15,758 5,957
Historical cost at31stAugust 2023 12,836 4,482 12,936 4,582
2023 2022 2023 2022
F000 8000 F000 8000
Consolidated Trlisi
Investment in subsidiary companies 100
Managed Funds 15,541 5,740 15,541
BATA shares 3 3 3
Unquoted invesunents
Loans
Invesuuents with Curzon Rochford 63 63 63 63
Investments in properly 51 51 51 51
15,658 5,857 15,758 5,957
Ampleforih Abbey Trust
Trustee's report andfinancial siaiemenis
3lsr August 2023
Notes (continued)
13 Debtors 2023 2022 2023 2022
f.'000 f'000 f.'000 f.'000
Consolidated Trust
Trade debtors 571 728 8
Amounts
owed by subsidiary		 undertakings 80 86
Prepayments 537 468 132 111
Other 72 40 50 4
1,179 1,236 270 201
14 Creditors: amounts falling due within one year 2023 2022 2023 2022
f'000 2000 8000 f.'000
Consolidated Trust
Bank Loan 4,000 4,000
Trade creditors 664 607 450 265
Amount
due to subsidiary		 undertakings 369 430
Fees received in advance ofterm 2,481 2,341
Confirmatio fees 182 183
Composition fees (fees in advance scheme) 475 534 116 381
Accruals 461 255 215 33
Taxation and social security 40 109 40 99
Hire Purchase 5 5 5 5
Other creditors 448 505 95 109
4,756 8,539 1,289 5,322
Confirmation fees are deposits that are repayable when the pupil leaves the school and are technically
repayable		 on demand, however
it is expected that
they wifi be repayable as follows:
2023 2022 2023 2022
F000 8000 f'000 f'000
Consolidated Trust
Within
1 year		 182 183
Within
1 to 2		 years 143 200
Within 2 to 5 years 367 374
Over 5 years 30 29
722 786
Composition fees: Parents may enter into acontract to pay the Schools in advance for a number ofyears The money may be returned
subject to specific
conditions
on		 the receipt ofnotice. Assuming pupils will remain within the schools, the composition
fees		 in advance will be applied as follows:
2023 2022 2023 2022
Composition fees fall due as follows. 8000 f'000 8000 2000
Consolidated Trust
Within
1 year		 475 534 116 381
Within I to 2 years 360 211 81 156
Within 2 to 5 years 400 91 222
Over 5years
835 1,145 288 759
Amplefarth Abbey Trust
Trustee's report andfinancial statements
31st August 2023
Notes (continued)
14 Creditors: amounts falling due within one year (continued) 2023 2022
E000 f'000
T!11st
Summary ofmovements
in liability
Balance at 1st September 2022 1,145 1,319
New contracts 386
Repayments
Amounts
used		 to pay fees (311) (560)
Balance at31st August 2023 834 1,145
15 Creditors: amounts falling due after more than one year 2023 2022 2023 2022
F000 F000 8000 8000
Consolidated Trllst
Hire Purchase 10 15 10 15
Congrmation fees 540 603
Composition
fees received (fees in advance scheme)		 360 611 172 378
910 1,229 182 393
The bank loan falls due as follows. E000 f'000
Within
1 year		 4,000
16 Endowment funds Balance at Income Expended Investment Transfers Balance at
Consolidated and Trust 3I-Aug-22 gams 31-Aug-23
F000 8000 F000 f.'000 f'000 f'000
Permanent endowment
Scholarship and bursaries 416 405
416 405
Expendable endowment
The Miles Wright Bursary 1,820 79 (47) 1,852
The Bruno Bursary 736 32 (19) 749
2,556 (66) 2,601
2,972 (77) 3,006

Transfers
Comparative Balance ai Income Expended Investment between funds Balance ai
Consolidated
and Trust		 3I-Aug-2 I gams and toDioceses 3/-Aug-22
f'000 f'000 f.'000 f'000 F000 F000
Permanent
endowment
Scholarship
and bursaries		 450 (34) 416
450 (34) 416
Expendable
endowment
The Miles Wright Bursary 1,930 37 (147) 1,820
The Bruno Bursary 780 15 (59) 736
2,710 (206) 2,556
3,160 52 (240) 2,972
Restricted Funds Balance at Income Expended Investment Transfers Balance at
3I-Aug-22 gains 3I-Aug-23
Consolidated F000 8000 f.'000 F000 f.'000 f.'000
Atnpleforth
Hospitalite		 of Our Lady ofLourdes (a) 375 246 (278) 343
Permanent
endowment		 funds income accounts (b) 138 6 144
The Miles Wright Bursary restricted
fund (c)		 137 7 (4) 140
The Bruno Bursary restricted fund (c) 81 3 (4) (2) 78
Mission funds (d) 554 447 (289) 712
Bursary fund (e) (73) 153 (76} (2) 2
War memorial
fund (f)		 461 15 (193) (9) 274
StBenet's Hall hardship fund (g) 40 40
StBenet's Hall other (h) (18) 18
Monastery
fund (i)
Monastery
refurbishment		 fund (j) 80 80
Abbey Church/extending Ampleforth Welcome (k)
General 95 95
Listed Places ofWorship roofrepair fund (1) 80 80
Teaching schools and school improvement (m)
St Laurence Education Trust fund (n) 491 491
Marian Garden (o) 88 (97)
Other (p) 215 (2) 213
Stewardship
(r)		 1,075 598 (20) 1,653
Historic England (s)
Strategic Plan (t) 30 30
Bain Memonal 6 6
Cncket Nets 204 204
3,850 1,685 (959) (17} 27 4,586
Ampleforth Abbey Trust
Trustee's report andfinancial statements
31stAugusi 2023
Notes (conti nued)
17 Restricted funds (continued) Balance at Income Expended Investment Transfers Balance ai
31-Aug-21 gains 31-Aug-22
Consolidated
-Comparative		 2000 f.'000 f.'000 E000 f'000 E000
Ampleforth
Hospitalite		 ofOur Lady ofLourdes (a) 409 150 (184) 375
Permanent
endowment		 funds income accounts (b) 280 3 (145) 138
The Miles Wright Bursary restricted fund (c) 720 3 (573) (13) 137
The Bruno Bursary restricted fund (c) 85 2 (6) 81
Mission funds (d) 959 500 (683) (222) 554
Bursary fund (e) 323 177 (564) (9) (73)
War memorial
fund (t)		 469 3 (11) 461
St Benet's Hall hardshiP frmd (8) 40 40
StBenet's Hall other (h) (6) (12) (18)
Monastery
fund (i)
Monastery
refurbishment		 fund (j) 80 80
Abbey Church/extending Ampleforth Welcome (k)
General 95 95
Heritage Lottery Fund grant
Listed Places ofWorship roofrepair fund (1) 80 80
Teaching schools and school improvement (m)
StLaurence Educanon Trust fund (n) 491 491
Marian Garden (o) 95 (7) 88
Other (p) 215 3 (3) 215
Stewardship 506 1,531 (962) 1,075
Histonc England
Strategic Plan 30 30
4,841 2,402 (3,133) (39) (222) 3,850
Trust Balance at Income Expended Investment Transfers Balance at
31-Aug-22 gains 31-Aug-23
8000 E000 E000 E000 F000 8000
Ampteforth
Hospttalite		 ofOur Lady ofLourdes (a) 374 246 (278) 342
Permanent
endowment		 funds income accounts (b) 138 6 144
The Miles Wright Bursary restricted fund (c) 167 7 0 (4) 170
The Bruno Bursary restricted fund (c) 81 3 (4) (2) 78
Mission funds (d) 554 447 (289) 712
Bursary fund (e) 108 5 (8) (2) 103
War memorial
fund (fl		 461 15 (113) (9) 354
StBenet's Hall hardship fund (g) 40 0 40
StBenet's Hall other (h)
Monastery
fund (i)		 0
Monastery
refurbislunent		 fund (j) 80 0 80
Abbey Church/extending Ampleforth Welcome (k) 0
General 95 0 95
Heritage Lottery Fund grant 0
Listed Places ofWorship roof repair fund (1) 80 0 80
Teaching schools and school improvement (m) 0
StLaurence Education Trust fund (n) 491 0 491
Marian Garden (o) 88 (97)
Other (p) 224 (2) 222
Stewardship
(r)		 1,076 598 (20) 1,654
Historic England (s) 0
Strategic Plan (t) 30 0 30
Bain Memorial 6
4,088 1,333 (811) (17) 9 4,602
Restricted funds (contmued) Restricted funds (contmued)
Trust comparative
figures		 Balance at Income Expended Investment Transfers Balance at
3/-Aug-2/ gams 3I-Aug-22
F000 f'000 f.'000 f'000 8000 F000
Ampleforth
Hospitalite		 ofOur Lady ofLourdes (a) 408 150 (184) 374
Permanent
endowment		 funds income accounts (b) 280 3 (145) 138
The Mdes Wright Bursary restricted
fund (c)		 750 3 (573) (13) 167
The Bruno Bursary restricted fund (c) 85 2 (6) 81
Mission funds (d) 959 500 (683) (222) 554
Bursary fund (e) 123 2 (8) (9) 108
War memorial
fund (f)		 469 3 (11) 461
StBenet's Hall hardship fund (g) 40 40
StBenet's Hall other (h)
Monastery
fund (i)
Monastery
refurbishment		 fund 4) 80 80
Abbey Church/extending Ampleforth Welcome (k)
General 95 95
Heritage Lottery Fund grant
Listed Places ofWorship roof repair fund (I) 80 80
Teaching schools and school improvement (m)
StLaurence Education Trust fund (n) 491 491
Marian Garden (o) 95 (7) 88
Other (p) 224 3 (3) 224
Stewardship
(r)		 506 1,531 (962) 1,075
Historic England (s)
Strategic Plan (t) 30 30
4,685 2,227 (2,565) (39) (222) 4,087

Ampleforth Abbey Trust
Trustee's report andfinancial statements
31stAugust 2023
Notes (continued)
18 Designated
funds		 Balance at Income Expended Investmentt' Transfers Balance at
3I-Aug-22 Pension gains 3I-Aug-23
Consolidated B000 8000 F000 B000 F000 B000
Pension reserve
Other:
School bursary fund 799 (799)
School new bursary fund 429 19 (73) 364
Monastery
refurbishment		 fund 1,190 1,190
Vocations fund 22 22
Monastery
general		 fund 45 45
St Benet's Hall Fellows research fund 71 71
St Benet's Hall graduate research fund
Other 16
2,572 19 (11) (872) 1,708
2,572 19 (11) (872) 1,708
Balance at Income Expended Investment Transfers Balance ai
3I-Aug-22 gams 31-Aug-23
Trust F000 B000 2000 B000 2000 f000
Pension reserve
Other:
School bursary fund 799 (799)
School new bursary fund 429 19 437
Monastery
refurbishment		 fund 1,190 1,190
Vocations fund 22 22
Monastery
general fund		 45 45
Other 16 16
2,502 19 (11) (799) 1,711
2,502 19 (11) (799) 1,711
Ampleforth Abbey Trust
Trustee's report andfinancial statements
31st August 2023
Notes (continued)
18 Designated
funds		 (centi nued)
Balance at Income Expended Investment Transfers Balance at
31-Aug-21 gains 31-Aug-22
Consolidated
-comparative		 B000 B000 B000 B000 2000 2000
Pension reserve
Other:
School bursary
fund		 799 799
School new bursary fund 800 (325) (61) 429
Monastery
refurbishment		 fund 1,190 1,190
Vocations fund 22 22
Monastery
general		 fund 45 45
StBenet's Hall Fellows research fund 71 71
StBenet's Hall graduate research fund
Other 16 16
2,943 15 (325) (61) 2,572
2,943 15 (325) (61) 2,572
Balance at Income Expended Investment Transfers Balance at
31-Aug-21 gams 31-Aug-22
Trust - comparative B000 B000 B000 B000 B000 F000
Pension reserve
Other.
School bursary fund 799 799
School new bursmy fund 800 15 (325) (61) 429
Monastery
refurbishment		 fund 1,190 1,190
Vocations fund 22 22
Monastery
general		 fund 45 45
Other 16 16
2,872 15 (325) (61) 2,501
2,872 15 (325) (61) 2,501
31 stAugus t 2023
Notes (continued)
19 Commitments
and guarantees
Capital commitments at the end ofthe financial year for which no provision has been made.
2023 2022 2023 2022
F000 f'000 8000 g'000
Consolidated Trust
Authorised
and contracted
Operating
leases:
At 31stAugust 2023 the Charity had annual commitments under non-cancellable operating leases as follows:
2023 2022 2023 2022
Operating
lease payments		 over the following periods: 8000 f'000 F000 F000
Consolidated Trust
a) Land and buildings
In less than one year
Between two and five years
b) Other
In less than one year
Between two and five years

A full valuation
was carried out		 A full valuation
was carried out		 as at 6th April 2016and updated on an approximate basis to 31 August 2023 by a quahfied mdependent actuary.
The
major assumptions
used by the		 actuary were:
31-Aug-23 31-Aug-22
Rate ofincrease in salanes N/A N/A
Rate ofincrease in pensions
accrued post		 1997 3.65% 375%
Rate ofincrease in pensions
in		 defi:nnent 3.00%o 3.00'/o
Discount rate 5 20% 4.20%
Inflation assumption
RPI		 3.30% 3.50%
Inflation assumption
CPI		 2.50% 2.70%
Members
taking tax free cash allowance		 N/A 65 00o/o
Mortality rates S3PXA yob S3PXAyob
i) The amounts
recognised
in the balance		 sheet are as follows:
31-Aug-23 31-Aug-22
8000 2000
Fair value ofscheme assets 2316 2902
Present value ofscheme liabilities (2,336) (2,448)
Less provision
for irrecoverable		 surplus (454)
Deficit in the scheme (20
The major categories ofscheme assets as apercentage oftotal scheme assets are as follows
31-Aug-23 31-Aug-22
Cash 0.73% 1065o/
Equities 0.00% 0.00%
Fixed interest 000% 0.00%
Other 99.27% 89.35%
i) The amounts
included
within		 the Statement ofFinancial Activities 2023 2022
8000 F000
Current Service costs 0
Net interest on defined benefit liability 0
Net charges to the Statement of Fmancial Acnvities
2023 2022
F000 F000
Analysis ofamount
recognised		 within actuarial gains and losses
Actual return
less expected return on pension scheme assets		 (1,277) -1071
Experience (losses) and gains arising on the scheme liabilities (82) -80
Changes in assumptions
underlying
the present value ofthe scheme liabilities.		 205 979
Less provision
for irrecoverable		 surplus 454 29
Actuarial
gains and (losses) recognised		 in the SOFA ~700 ~143
Actual return on scheme assets (1,176) (1,014)
Ampleforth Abbey Trust
Trustee's report ondfinancial statements
31stAugust 2023
No'tes (continued)
20 Pension and similar obligations (continued)
OOOO f'000
iii) Changes in the present value of the defined benefit obligation are as follows:
Opening
defined benefit obligation		 (2,448) (3,375)
Service cost 0
Interest costs (101) (57)
Actuarial
losses/(gains)		 123 899
Benefits paid 90 85
Contribution
by members
Closing defined benefit obligation		 ~2,356 ~2448
2023 2022
iv) Changes
in the fair value ofscheme assets are as follows:		 f.'000 OOOO
Opening
fair value ofscheme assets		 2902 3858
Expected return (1,277) (1,071)
Actuarial
gains and losses		 101 57
Contributions
by employer
Contributions
by members
Benefits paid		 680
~90		 143
0
~85
Closing value ofscheme assets 2 316 2 902
2023 2022
v) Reconciliation
ofmovements
in		 the Present Value of f.'000 f,'000
Plan Liabilities and Assets
Net liability at beginning ofyear 483
Movements
in the year:
-Employer's
current service cost
—Employer's
contribution		 680 143
-Expected return on plan assets (1,277) (1,071)
- Actual return less expected return on plan assets 101 57
- Interest on pension liabilities (101) (»)
-Experience losses arising on plan liabilities
- Irrecoverable
surplus
Net liability at end ofyear		 123
454
~20		 899
~4541
vi) Amounts
for the current and previous		 four years are as follows:
2023 2022 2021 2020 2019
f.'000 f'000 f'000 f'000 F000
Defined benefit obligation
Scheme assets
Surplus/(Deficit)		 (2,336)
2,316
~20		 (2,448)
2,902
454		 (35»5)
3,858
483		 (3,442)
3.251
~595		 (3,533)
3 195
~336
Experience adjusunents
on scheme liabihties		 123 899 9 14 (13)
Experience adjustments
on scheme assets		 (1,277) (1,071) 524 (52) 141

Ampleforth Abbey Trust Abbey Trust
Trustee's report and financtal statements
3lst August 2023
Notes (contmued)
21 Notes to the Cash Flaw Statement
2023 2022
21a ReconciTiation ofnet incoming resources to net cash flow from operations f'000 f000
Net incoming
resources		 8,055 121
Elimination
ofnon-operating		 cashilows:
Losses on investments 245 555
Investment
income		 (889) (277)
Depreciation 1,861 2,194
(Profit) on sale offixed assets (13,559) (5,530)
Decrease in debtors 57 1,853
(Decrease) in creditors (excluding fees in advance scheme) (3,792) (2,007)
(Increase)/Decrease
in stocks		 (I) 52
Net cash outflow &om operations (8,023) (3,039)
21b Analysis ofcash and cash equivalents 2023 2022
f.'000 f'000
Cash at bank and m hand 11,155 8,820
Composition
Fees		 (834) (1,145)
10,321 7,675
22 Analysis ofgroup net assets between funds
2023 2023 2023 2023 2022
Unrestrtcted Restrtcted Endowment Total Total
OOOO 8'000 f'000 8000 OOOO
Fund balances at 31stAugust 2023 are represented by:
Tangible fixed assets 30,726 162 30,888 39,015
Investments 11,091 1,561 3,006 15,658 5,857
Current assets 9,579 2,879 12,458 10,179
Current
liabilities		 (4,756) (4,756) (8,538)
Liabtlities
due after more than one year		 (910) (910) (1,229)
Total net assets at31stAugust 2023 45,731 4,602 3,006 53,339 45,284
2022 2022 2022 2022 202/
Unrestricted Restricted Endowment Total Total
8'000 F000 OOOO f000 ZOQO
Fund balances at are represented by:
Tangible fixed assets 38,598 417 39,015 41,047
Investments 890 1,995 2,972 5,857 7,310
Cun ent assets 8,741 1,438 10,179 8,801
Current
liabilities		 (8,538) (8,538) (10,648)
Liabilities due after more than one year (1,229) (1,229) (1,300)
Pension scheme funding deficit
Total net assets at 38,462 3,850 2,972 45,284 45,210
The trustees are monks who live in the community ofAmpleforth,
therefore their living expenses are paid for through		 ofAmpleforth,
therefore their living expenses are paid for through		 ofAmpleforth,
therefore their living expenses are paid for through		 the trust.
The followmg
transactions
took place with the parent charity,		 Ampleforth Abbey Trust and its subsidiaries:
2023 2022
a) St Laurence Education Trust f'000 f.'000
-recharges to the St Laurence Education Trust for aproportion ofcentrally
managed
costs (including
related wages and a share ofdepreciation)		 190 121
-rental charge by Ampleforth
Abbey Trust for use		 ofland and buildings 260 264
- donation
(to)//rom
the StLaurence Education Trust		 (325) (1,043)
- balance owed 1'rom/(to) the St Laurence Education Trust as at the year end date 80 2,618
b) The StBenet's Trust
-balance owed by/(to) The StBenet's Trust 86
-interest recharged
from Ampleforth
Abbey Trust		 78
c) Ampleforth
Abbey Trading Limited
- recharges to Ampleforth
Abbey Trading Limited		 for aproportion ofcentragy managed
costs (includmg
related wages and a share ofdepreciation)		 and rental charges
- donation (fiom) Ampleforth
Abbey Trading		 (292) (80)
- balance owed to Ampleforth
Abbey Tradmg as at the year		 end date (369) (377)
25 Post balance sheet events
There are no post balance sheet events to disclose.
26 Consolidated
Statement		 ofFinancial Activities - comparative ofFinancial Activities - comparative figures by fund type
for year ended 31st August 2022 Unrestncted Restrtcted Endowment Total
Funds Funds Funds
Income and endowments from: 8000 F000 f.'000 E000
Charitable
activities
Schools income 16,719 16,719
Parish income 500 500
Community
income		 405 405
Hospitality
income		 183 183
Other income 150 150
Other trading
activities
Non ancillary
trading income		 1,445 1,445
Other activities 3 3
Investments
Investment
income		 198 13 52 263
Bank and other interest 14 14
Donations
and legacies
Donations
and legacies		 222 1,740 1,962
Coronavirus
Job Retention		 Scheme Grant 0
Other incoming resources
Profit on sale offixed assets 5,530 5,530
Total income 24,719 2,403 52 27,174
Expenditure
on:
Raising funds
Non ancillary trading 1,251 1,251
Fundraising
gc development		 81 81
Other income generating activities
Financing costs
Total deductible
costs		 1,332 1,332
Charitable
activities
Schools 15,759 1,286 17,045
Parish 683 683
Community 3,750 3,750
Hospitality 110 110
Other 2,415 1„164 3,579
Dontaions
to connected charities
22,034 3,133 25,167
Total expenditure 23,366 3,133 26,499
Atnpleforth Abbey Trust Abbey Trust
Trustee's report andfinancial statetnents
3lst Augusi 2023
Notes (continued)
26 Consolidated
Statement		 ofFinancial Activities (contmued)
Net incoming
funds from operations
before transfers
and investment		 gains 1,353 (730) 675
Other recognised
gains
Nct gams on investment
Transfers		 and losses
assets		 (276)
33		 (39)
~33		 (240) (555)
Net income 1,110 (802) (188) 120
Pension scheme actuarial
Transfer out to Diocese		 (losses)/gains 142 ~I89 142
~389
Net movements
in funds		 1,252 (991) (188) 73
Fund balances brought
forward at		 31stAugust 2021 37,209 4,841 3,160 45,210
Fund balances carried forward at 31stAugust 2022 38,461 3,850 2,972 45,283