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|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|
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||||||||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|