REGISTERED COMPANY NUMBER: 03903233 {Engiand and W•le•) REGISTERED CHARITY NUMBER: 1139240 Report Trf th¢ Tr¥•teM •nd for the Year Ended 31 MAr¢h 2(121 for .M•rrkk PrS0ry (A Comp*ny Uthlted y Gu•r•ntttl **Marrick Priory Trust (A Company Limited By Guarantee)** ## **Contents of the Financial Statements for the Year Ended 31 March 2021** ||**Page**| |---|---| |**Report of the Trustees**|1 to 4| |**Independent Examiner's Report**|5| |**Statement of Financial Activities**|6| |**Balance Sheet**|7 to 8| |**Notes to the Financial Statements**|9 to 18| |**Detailed Statement of Financial Activities**|19 to 20| M*rrlek Prlory Trust IA Cornp*ny Llmlted y GuAr8ntee) (Registered number: 03903233) Report of the Trusttts for the YeAr Eaded 31 M*rth 2021 The trustce5 who arc also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial $tstem¢nts of the charity for the year ended 31 March 2021. The trusiees have adopted the provisions of Accounting artd Reporting by Cb8ritie5'. Statetneijt of Recotnmcndcd Practice applicable to chan'ties prq)ariDg tbeir accounts in accordance with the Financial Reportin8 Standard applicabl¢ in th¢ UK at)d R¢publi¢ of Ireland IFRS 1021 {¢ffectiv¢ l Jonuary 20191. Chah Report This report will. no doubL mirror tnany others for this unprecedented year during the Covid-19 pandemic. Since 1st April 2020 until 31st March 2021 we have been iti 3 Ilation￿ lockdowns, lastills nearly 6 months ID total. We therefore have not been able to open the centre and remain closed until su¢h tim¢ as the governmeni allows. thying the period staff except the Head of C¢ntr¢ were furloughed, mosi of the ¢ime. Two returned to work for a few days each n)onth to pay wages. ¢omplioted by the fi]rlough 5chetne. and essential maintenance. The Head of Centre w&8 kept on 11 time w work with the board on way5 to reopen as 500n as the government allowed. This included endless dÈsais5ioLs with booked groups; either movin8 them to 8 n¢w date, OT handling cancellations. as well AS re-opetting risk &8sessments, new protocols for visitors and 5¢aff. prioritising essential maintenaDce to our buildings and putting in place any new Structu￿5 aDd equipment Deeded to ensure there were no delays io re-open the centre when allowed. Without actual visitors and activities, we have had no income. so it has been extrcrnely fortwjate we had sufficient funds saved ￿ ajlow some flexibility. though it has been an extremely 5tr¢s$fui tinw. It was rwsurin8 so many groups knoked for the perityj were 5¢ill keen to come, no matter when. Marri¢k Priory is clearly viewed io change our visitor5 live5 for the better through outdoor a¢tivities and demonstrates the public benefit our work bring5. Many of them moved their dat¢$ to the following year. This has en5urcd the booking5 for 2021 and bcyond are a]re4dy lTr)king positive. As soon as the fir511(Kkdown was aDnounced the board ag￿d 10 meet monthly. Our main aims were to keep ajl stsff etnployed through the furlough xheme, ensure we Ikad eDougb funds to stt us through and io find ways io reopen in whatever way, keeping staff active and the centre attractive to visiiors. Without atty inctsme we regularly reviewed our funds alld agreed to revisit our re￿v¢S agreement when we had a better view of the recent past and an idea of the future. We are extr¢mely graieful ¢0 the Chancellor for the provision of the fiwlough scbeme a5 well a5 a number of grants we were able to receive. Without thes¢ we would be in a very different P05ltion. We also ¢r¢at¢d a Covid Workitjg Group. who met re￿larly, to find ways of reopeumg the centre ￿ soon ￿ possible. After SOTne tnonths the 8roup of mLStees and Hoc agreed to include a number of senior stafy for their id￿S on rcopening. It hugely su¢¢essfid, at)d a number of new revenue streams were agrtt￿ including a new websit¢ with online PU￿basing of a¢tivitie5. Our work is rnainly with scbools aDd unfortunately they ar¢ still busy caicbin¥ up with course WOTK &s well &s the gov¢rnmen¢ still not recomrnendin8 a r¢turn to residenttal cour5e5. Our Covid Working Group is focusing on ettcouraging new gTOUPS and visitors its MarricL thougb we are aware it is the residelltial courses that financially 5UPPOrt the charity. We are also hoping th¢5¢ new groups wtll our audienee to eDSUTe we are noi so reliant on schools in thc future. Ihwing the year there have been no Staff ¢han8¢s however we have welcomed 2 new tr￿, bringing moY¢ expettise and knowledge in herttsge buildings, adventure sport5 and finance. As the IM)ard has spertt so tnuch time focusin8 on remaining viable. ieopening soon ￿ w>s5ible. r¢tsining the sthff and ensurin8 we are compliant 8overnm¢nt regulatiOD5. Dot much attention Iw been given ¢0 our 5 year strategy and other proje¢ts. We con¢itytse to prq)are for the return of our Bu¢st% s4feguardin8 ¢he fabric of the buildin8s and ¢quipm¢nt •nd implementing risk assesstllcllts for the safety ol our visitors and staff. The board 15 COll5tantly learniD8 and embracin8 n¢w methods of communication and are enjoying th¢ input from the senior team. We very much h¢)p¢ to build on what we've learnt for the future ben¢fit of the c¢t)tre and our visitors. I would personally like to thank a]1 the stsff, visitor4 board and $uppliers for thcir patience. perseverance and Sheer hard work io ett$ure we can open our doors and w¢l¢om¢ all once again. Page I Marrlck Prlory Tru51 (A compa￿Y Llmlted y c￿￿rInte¢) (Reglstertd 039032J3) Report of the Truth for the Yt*r Ended 31 .Mar¢b 2021 CHARITABLE OBJECTS AND ACTIVITIES Con$¢l¢utlon •nd Gfjvernlnt Do¢uJD¢41 The charity is a company limited by 8uaran¢cc. Marrick Priory Tntst re8tsiued ￿ a ¢FArity on l De¢emkn 2010 and is governed by its memorandum and arti¢l¢s. Alms and Or¥anh•tlon Marri¢k Priory Trwi 1$ limited by guaront¢e linked to th¢ Di0¢¢5¢ of l*eth of Th¢ Church of En8land. The prinwy aim of the ch8riry is ￿ maiotain •nd manage Mwri¢k Priory •J a C￿l￿n ruideniial ￿mMuDIty ¢¢Dtr¢ for outdoor eduution hnd ¢rninittg. reliwous worsbÈp. and rccrcation. Pubil¢ BeDeflt The charity'5 and athi¢v¢m¢nts ar¢ xt out withiD this r¢p)rt. Th¢ adivitiej set out in thii Te￿rt ￿ve been und¢rtak¢n to furth¢r th¢ Trwfs c1w1.￿le pur￿5¢3 for the public benefii. The Tntstees have ¢omplia with the duty under Sttiion 4 of the Chartties Act 2011 to have due rt8wd kn public beDefit 8ULdaDce published by the Chan'ty Commission and the Tn￿let5 bav¢ PAid du¢ r¢8•rd to this in decidm8 whai ￿[1¥1￿¢5 the Tnui should UDd¢n•k¢. ACHIEVEMENT AND PERFOILMLYCE FINANCIAL REVIEW R¢xrvu polScy The re5crve8 wjlicy of the Marri¢k Priory is ￿ maintsin sutTi¢ieAi ftt¢ reaerves (￿ts1 ￿SerVeS IcsJ rejtrictcd fiuJd8 aThd fixed ￿$¢t8) lo en8ble the Pnory to med four months exp￿.Th￿e. This is curr¢Dily £128.IMN). The aUTeni level of free r¢s¢rvu 1$ £524,768. The ex¢ess reserves uc in anticipation of th¢ capital ¢xpenth'nwe plang referenced under 'FuDJre Lkvelopments. Ixlow. Prln¢lpAI fwndlA8 Mur¢ Thc majority of the charitYs inwme is deriva from its cban'thble xtiviliu. throu8b th¢ provisioD of OUt￿Or activitie8. FirruRE DEVEI.OPMENTS After cncountcnn8 ditTiculry with th¢ fi￿￿Ing of the Or1￿.nAl pl1￿ for repl*emeDt of the •8¢in8 bungalow. the p]an8 ¢ on hold until such lime as the trustees con outline the futur¢ of Marrick Priory once the pandemie is under Control and wme of normality r¢wm¢s. We will be ¢onsidet4 * Pl￿ to build in cost effe4iv¢ sla8¢9. Page 2 M*rrlck Priory Trust {A Cornpany Limhed y Gu*r*mtee} IRegl$tered fyumber- 03903233) Report of tbe Trn¥teeJ for th¢ Y¢xr Ended JI M*rth 202R STRUCTU￿ GOVERNANCE AND MANAGEmE￿r Method of rt¢rnltmettL *ppoiotm¢o( iodurtlon tr*lning oftrn$¢ees The or8anisation advcrtiscs lor tr￿tr¢S OD an adhoc b&sis. Suitsble applicants are then ￿Se￿9td. TnLStteJ sP￿]nted #rc shown around the faciltties and verbally tllfonn￿ about the cbaritys activitie5, and provided with a copy of the financial sth*ments. Trnsw Call ap￿71￿¢ w nomttiatyj puson. Org*ntsAdon•l $trnttthre The InLslecs will consisi olup to 14 inth'viduals of wbotn: Up to 5 shall be nomill¥￿ by the Bishop of L¢&ts" Up to 2 slwll be nommatyj by the Leeds Dio¢esan Bottrd of Fintintt being the Custodi￿ trustee of Marrick Up to 7 Jhail be appointed to meet so far as p)ssibl¢ the need for representytion within th¢ wider community. Ultimate responsibility for the opcration of Marrick Priory rests with th¢ tnLStees who me¢1 tn fvll on a quanerly basis. A number of sub-committees have specifi¢ responsibiliues for sthffing. developm￿( builth.ng Works. fiujd rnising and finance. Th¢s¢ ￿MMItte¢S n)ee¢ as and whets reqU￿¢d and liai5c c105ely with the fi￿-time staff at the Priory. The day to day MarMgcTll￿t of Marrick Pn'ory is thc rcsExTrLsibihty of the Head of Centre and Deputy Heads of Centre. They are a&si5ted by a team of llJstru¢tioDai stsff. together with admllllstla￿r. busiDCS5 thvcl0pm￿L mainiellance and howkeeper with responsibility for kn"trhcn and domcstsc staff. Key m*tt*yment Temuner*thbn The charity does not have many employees. and coLsider5 the key managemenl pe[soni￿] to consist of the Head of Centre, Jim Gleavc. aDd unpwd tr￿￿tees. The Head of C¢Dtr¢ is employed by the Lecds DioccsaD Bohrd of Finance. but partially fiLDded by Marrick Priory. This fi￿￿"n8 i$ reviewed aDDually by the t[￿￿tees. Related P•rtl The FTiend5 of Marrick Priory continue to make at) invatuablc contribution to the work of th¢ Priory by Taising fuDds for tbc Bursary Fun4 and major iiems of cxpcnditure and generaiiog inwest alld supp)rt for thc work of the Priory. The rnjsttts Wi5b to record their thanks w all the Friends of Marrick Priory. Invtttm¢nt Powe Tn￿tte$ may invest fil￿ ￿ thry s¢¢ fil subjec¢ to the Idw$ and re8ulati0Tr8 in pla¢¢ at the lime. Rljk ManaE¢m¢pt The rrustett, rtgulariy review the major risks of the CTr￿[1ty. and have implcmented th¢ nx¢ssary pro¢*Jw ￿ nwiage these risk5. REFERENCE ￿YD ADMIYISTRATIVE DETAILS Registered Comp*ny 03903233 (EllgE￿d and Wales) Reglst¢r¢d Clarlty oumber 1139240 Reglstered offl¢e Marrirk Priory Marrick RICHMOND North Yorkshire DLI 17LD M￿rkk Prlory Trnsl (A Comp*oy LIMlted By Gu*r*nteel Report of tb¢ Trnslees lor ihe Year Ended 31 M•rcb 2021 Trnite Rolline Frewen CarolÉne Hewlett Judith Clarke Catherine Trewby Barrie Whitfjeld Michael RJ"chardso PeDelope YeathTrn S￿all B￿th Emma Cosgnf Ricbard Noake G¢otTrey Park lappointed 15 Sq)tetDIKr 2020) Joanrte Pattet50n larqK)inied 15 September 2020) Helen StephcnsoD lappoLnted 10 De¢ember 20201 Reverend Jobo ￿"¢hardS {rt5igDcd 15 Scptember 20201 Head Of Centre Jirn Gleave ltsdependent Ex*mlner Christopher Beaumont BA (Ho￿) BFP FCA DChA Insti￿¢¢ of Chartud Accountsnts in England and Wale5 Clive Owen LLP Cbart¢red A¢¢ounlw]ts 140 Conis¢liffc Road DARLINGTON DL3 7RT BxDk¢rs Barclays Bank PIC 2713 1 High Row DARLINGTON DL3 7QS Leg*1 Advls¢n Ma]¢olm Lynch Wri8leys Solicitots 19 CookJidge S¢re Leeds West Yorkshir¢ LS2 3AG Approval by order of the board of trustec4 on I l November 2021 sI￿¢d its bebalf by: Rol]ine Frewen- TnL8t¢e Page 4 Independent F.iamin¥r's Reporl to the Trusiee5 of larrirk Prion 'fru51 {.* C-ompani l.imited B) Guarantee) Independent examiner's report to iht irusic¢s of %larrick Prion Trust (.4 Compani. l.imited Bi. Guarantee) I'ihe Comp*ni'l I r¢port to the Lhaniy irusiees on mv ¢xatninaiion ol-the aLLounL% of ihe Companv for ihe year ¢nd¢d 31 Mi arLh 2021. Rtsponsibilities %Nd ba515 of report Ab Ihe LhdriiN % Iru*lLL5 Ut. the CotRpdny1ond also lis direclors fvr ihe purrrt)ses of company lawl you are resrM)nsible for Ihe preparation of IhL dLLounls in acLurdanie with th¢ requirement5 of the Companie% Aci 2(Klh I'the ?006 .411.1. Haliny saiisfied my*if ihat the 2ccouii15 of Ihe Company are noi Tequired to be audited under Part 16 of the ?(K)6 ALI nd dre vligible for ind¢pLmdLni examsnation. I rewTI in re)pe'our Lhdril!'% aiLounts a4 Cdtried out under sKtion 145 1)l- lh¥ Chariiie% Aci )01 I I'the ?01 l Ail'l. In Laming oui my examination I hai"e follo￿.e￿ (he DireLliuns ¥iNen by Ihe Chariiy Lommission under section 144151 Ibi of the •OI I Aci_ IndependeNI examiner'5 $i*iemtnt I hal'e ioiiipleied examinJliiin. l Lonfimi ihai no matters ha¥e cotne to my atteniiun in connection with the examination giving Tne cause tL) beltei'e". accountlng rword5 were not kepl in r¢s￿LI of the cOmp￿Y as required by sectlOD 386 of the 2006 Aci.. or Ihe aiLount% do noi accord w'ith ihoK reiords: or Ihe dLiuunis do not Lompl%' ￿ Èth the aiLouniing requirements of Section 396 of the ?006 Aci oiher than ony r¢quLr¢m¢lll Ihal the aicounis give a iwe and fair ¥'ie*' ￿'hICh is not a maiter considered as Pdrt vf an indep¢n4J¢nl ¥xaTnination" 01 Ihe JLLvunis hJie noi been prepared in accordance with the meihods and principles of the Siaiemeni uf Relumniended PraLliie for aLii)uniing and reponJn4 b%. chariiies lapplicable lo iharilies preparinb iheii aLLounis in aCLL)rdance ￿'11h the Financial Reponing Siandard appli¢abl¢ in lh¢ L'K and Republic of ITeland IFRS 10211. I ha%'e no concerns and have come across no other maner% in ¢onn¢ction with ihe exatnination to which attention ihould be draii'n in ihi% report in order to enable o prgper undersLandin&i of Ihe aLcouni% 10 be reach¢d. Chrisiopher Bcouinoni BA IHon>l BFP FC.4 tKh.4 InstilulL of C haMLrL'd.4ctountanis in England and Il'ales CliTr< OwLn LLP ChL?rtcrcd .4ccounianis 140 Lonis¢liffe Rikqd I)ARLIN(iTVN Co l)urhain DL3 7RT 16 Sepiember 2021 Page ) Mirrlek Prlory Trust (A Comp•ny Llmlted By Gu4r*ntee} St*tement of Fln*Dclal Actlvltlei Une•rpor*tlng Ineome #nd EipeDdlture Ac¢ouDtI for the Yur Ended 31 March 2021 2021 Total fiu)ds 2020 Total hjnds Unr¢strict¢d fi￿dS R¢stri¢ted fimds No*s INCOME AND ENDOW.MENTS FROM Doootions and lewies 3.420 3,420 32,221 Charltabl¢ *rtlvltles Charitable athivities and services 19.313 19.313 371,517 Investment income Other income 1.451 .495 3.546 Total 211.632 211,676 407,284 EXPENDITLIRE ON Chirlt4bl¢ *¢dvltle* Charitsble activitiu and servitts 258.676 10,715 269,391 365204 NET INCOMFJ{EXPENDITURE) 147,0441 110,6711 157,715) 42.080 RECONCILIATION OF FUNDS Total brought forw•rd 789.949 384,765 ,174,714 1,132,634 TOTAL FUNDS CARRIED FORWARD 1174714 The no*$ form part of these fmancial statements Page 6 Vdgrrl¢k Prlory Trust {A Comp*Dy Llmlted y Gu*r*nteel IRegl$tered number: 03903233> BIliDCt Sheet 31 March 2021 2021 Totyl 2020 Total Unr¢stri¢ted funds Restrided Notes FIXED ASSETS Tangible assets 12 218.137 348.924 567.061 585.770 CURRENT ASSETS Stocks Debtors C￿h at bank and in h￿d 13 14 2.250 2,250 13,312 545 889 2,358 45,832 559 177 525.452 35,999 561,451 607,367 CREDITORS Amounts fallin8 due within one year 15 16841 (10.829) (11,513) (18.423) NET CURRENT ASSETS 524 768 549 938 TOTAL ASSETS LESS CURREIYT LIABILITIES 742,905 374,094 1,116.999 ,174,714 NET ASSETS 1116999 1 174714 FUNDS Unr¢stricted funds Restricted hjnds 16 742,905 789,949 384 765 TOTAL FUNDS 1 116999 174714 The charitsble company li entitled to exemption from audit under Section 477 of the Companies Aci 2(4)6 for the year endcd 31 March 2021. The members have not required the company to obtain an audit of its fin￿¢1￿ s¢&￿MentS for the year ended 31 March 2021 iti Accordance with s￿tiOn 476 of the CompAnies Act 2¢N)6. The truslees a¢knowlcd8e their rcsponsibili¢ies for (a) en5urin8 that th¢ ¢harit8ble wmpony keeps Aceowitin8 records thllt comply with S¢cti¢)ns 386 ond 387 of th¢ Compani¢$ Act 2006 and preparlllg fltsancial 5tatcmcnts which 8Lve a true 8nd fair view oftht state of affair5 of the chan'tablc company at the end of ea¢h financial year And of its surplu5 or defLClt for ea¢h finan¢i81 y¢or in ￿COrd￿n¢¢ with the requirements of Section5 394 and 395 and which otherwi$¢ comply with the requiremettts of thc Cornpanie5 Act 2006 relHtin8 to fmancial stat¢m¢nts, so far as appli¢able lo thc charitable company. (b) The notes forni part of these financiY41 &tatemcnts Page 7 ¢ontinud.. M*rrlek Prlory Trnst {A C•mpa•y Llmltsd y GparnDtttl B￿1￿¢¢ Shee¢- 31 March 2021 The5c [￿￿￿¢]￿1 ststements bave been prepttrtd iti ￿¢0rd￿ wtth the provisions applicable to ¢haritsbl¢ ¢ompaDi¢s subject to the small COrnPSDie8 re8ime. The financial statcrnents were approvcd by thc PA)ard of Trusree5 and authtirised fty issue ￿ I l November 2021 and weT¢ signed on its b¢half by.. Rolline Fr￿ett - Tn￿1¢¢ Joaone Patterg)n. Tn￿1¢¢ The notes forni ppn of these statcjnents Pa8e 8 M•rrlek Prlory Trust (A Company Llll￿ted y GyAr*Dt¢e) Yfjtej to the FlnMelAI StAtem¢nts for tbt Ye*r Ended JI M•rtb 2021 ACCOUNTING POLICIES Basli of prep*rlthg tht Il**nel*l Thc financial 5tstcrnents of the charitablc cornpany. wkn'ch i5 & public benefit entity under FRS 102. bavc been prepared in accordance with the Chan"ti¢8 SORP (FRS 102}'A¢¢owiting and R¢w)rtin8 by Chariti¢s.' Stst¢ment of Re¢ommended Pra¢tt"¢e wliuble ￿ charities prepanng their ¥counts iti accordance with the Fitw)cial Reporting Standard applicablc in the UK and Rcpublic of Ireland IFRS 102) {effective l JaDuary 20191,. Financial Reporting Standard 102 Tr Financi￿ Reporting applicable in the UK and Republic of ITel￿d. and the Companies Art 21￿. Thc finkncial statements have been prepared under the bistorical cost convetttiM. The financial sthtements *e on a 80iD8 ¢on¢¢rn bJsi$ under the hi*wi¢•l cost Conventio The si8wfi¢ani ac¢ountittB p)licies 4)plied in the prep￿￿tion of thes¢ fiDLn¢iaJ slat¢m¢nLq Br¢ xt out b¢low. These ￿)11¢1¢$ ￿ve been ¢oNl￿dY applied ￿ ail Y¢￿ pr¢s¢D*d unlem otheTWi* sia¢ed. FlnAn¢i*l r¢portlnE s¢4odArd 102- redueed dkn¢lMure eiemptlomi The chan'tablc company Iw takcn advathts8¢ of the followm8 ths¢losure exemptitm# in prewin8 these fin￿et stAt¢menLq. LS pern)itta by FRS 102 Tr Fin￿￿1￿ Reportin8 Sthndard aN>lic4ble in the UK and R¢publi¢ of Irel￿d,. the wuirements ofseaion 7 Swemeni ofC&th Flowj. All in¢omc 15 reco￿LSed in the Staternent of Financial Activiiies once the chan'ty hts entidernent to the funds. il is probgble that th¢ i￿orne will be rxeived and the muni can be me45urryl reliLbly. Gr￿1 income is a¢couttied for in the yetr wlll'cb it is Tvxiv￿. Expendltur¢ LiabilitlC5 arc re¢o8nised u ex￿￿'luTe as woo u there 18 4 leg81 or ¢OttStiUdive obli8ation comrnith'n8 th¢ charity to thai exw)dittire, li i$ probable that a ¢ransfcr of econornic benefits will be rtquired in settlement and the amount of the obli8*tion c*n be me&qured reliably. Ext¢nditure is a¢countrd for on kn ￿rU8]S bgsiJ and has been clusified under headiD8s that 888re8aie ail cosi relB*d to the cate80ry. Vlhere ¢osts ¢annoi be directly attributed to partI￿lIr hethgs they have been to adivitiM OD 8 b88ii ¢onsisteni with the uae of resources. AUoc•tlon And *pportloDlll¢Dt of colts Costs th*t bc directly attributed 10 chan'tsbl¢ activities hove be￿ irKluded 'direei ¢￿ts,. Expendilure that cannot be dI￿rIY attributed to ¢h8riwble ￿1viti￿ trc included ID 'YUp￿ wts,. Gov¢rn•nce com8 relate to Costs of Providing the 8overttattcc irrfra5tructure to th¢ ¢hariry. T*nglble xmets Deprtti3tion is PTovidcd li the followinB annual in OTder ￿ wri* off exh ulet over its ertimated ￿4efUl life. Fixtstr￿ fittin Motor vebicl Equipmeni 25Y• on ¢os¢ I￿1 IO% on ￿81 25 /• On Cost 25Y• on cost Tanwbl¢ fixed 888d8 art mcasurcd at CO￿ less accumulated d¢pTttiaiion and any imp*imient. Dcpreckation is pmvida on the freehold PfDperty and property improvem¢DLS at the ra* of 20/0 per anniim. D¢preciation ￿l*ting Io PfDpcrty propcrty llnprovemenL8 f￿￿¢¢d from the Dcvclopmcnt Fund i5 char8cd Stocks Stwks valued at the lower of u>st and estim￿ sellin8 wice l¢Js UbSL8 ty sell. Page 9 continu￿.. Mlrrlek Pritiry Trnst (A Comp*ny Llmtttd By G￿￿ra￿t￿) otes to the Financial Ststements- toDtknued ror tb¢ Yexr Ended 31 .M*r¢h 2021 ACCOUNTING POLICIES- comthiutd Tai*￿￿tt The charity is ex¢mpt froD) ¢orp)rauon tax on its Ch￿l￿ble a¢tivitie& Fund *etOUDU UDrestrict&l fimds are available for the generni use of thc chan'ty. Restn'cted fun&% are subject to Stttific resirictive conditi¢)n5 imwsed by the fund￿. The Specif￿ fuD(ts aod their puw are d￿ribed iti 15. Penslon costs and other poit-r¢dr¢men¢ Ixneflts Th¢ charitable ¢ompaDy opcratcs a defmed contributs.￿l t*DSiOn s¢hem¢. Cootributioos ￿Y#ble to the ¢han"thble C¢)mpan￿S pension sch¢rn¢ ar¢ ¢b8rged ￿ the Swemelli of Fill￿¢1￿ Athivitics ID the s>eriod to whicb they relat¢. Slgnlfltant eitimates *nd judgements Pr￿aration of the financial statetthcnts requwes maDaBem¢Dt to roake SigttthCa￿ J￿¢￿ellts and e5timth. The FID*nclal Instrnm¢nts B￿LC fintDcial instrutwts are rKognJstyJ at anb)rtI￿ co8t with changes rttognis&l ia the S￿eMent of Financial Activities. DONATIOIYS LEGACIES 2021 2020 32 Income from donation5 £3,420 (2020: £32221) of which £3.420 {2020: £5,621) was auributsble to unrestrcted fi￿d5 and £Nil (2020: £26.6(M)) attributable to restric*d fillth. INVESTMENT INCOME 2021 2020 Deposit v￿OUnt interesi In¢ome from invcsttDents w&$ £1,495 {2020: £3.5461 ol which £1.451 (2020.. £3,446) w&5 atitibutsblc to UDrestricted funds and £4412020." £1￿) w&s attributable to restriaed fimds. Page 10 M*rrkk Ptlory Trnrt (A CornpAny iJmit¢d y GuAraDttt) to the Fkn*m¢ixl Stx¢¢m¢ots- tootlnued lor tbt Ye*r Ended 31 M*rth 2021 INCOIIE FROM CIIARITABLE ACTIVITIES 2021 2020 Ftts Minibus Sh¢)p Telephone Miscellaneous income ,557 756 359.737 6.261 4.801 713 371517 In¢ome from charitsble &tIviti￿ attributable to unresrri¢ted fua¥Js in the awrent and prior ye•r. OTHER INCOME 2021 2020 CHARfrABLE Acrivi￿ COSTS (notc 7) 269 391 Cbaritsbl¢ activity exwidilurc £269.391 (2020.. £365204} of which £258.676 12020.. £350.436) w attributable io unrestricted funds aDd £10,71512020". £14.768) was attributable to restri¢tyJ fvtth. SUPPORT COSTS Managemeni Totals Charitable activiti￿ and s¢rvitts Support Costs. iticludcd in thc alx)v4 as follows: 2021 2020 Wages Social S¢¢UTity Pettsion5 P2tes and water 195.915 8.741 4,1)95 3,324 17,912 16.458 1.270 258 6.423 5,108 3,799 13.525 8.780 1.150 142 Lighi and heat Telephone P05ta8e and stationery Carried fonvaTd 220.058 247,973 ¢on¢inue41.. Mxrritk Pritiry Trnrt IA Comp*#y LItt￿ted By Gu•r•nt¢el to the FlTh•n¢knl S¢*temeJbts- ￿ndTrUe0 for the Yur Ended 31 M•rcb 2021 SUPPORT COSTS- eonthilled 2021 2020 Brought forward Moior and travel expen Rcpair5 and maintenanc¢ Equipment repairs and renevm StatTtrainin8 Land access Cleaning and la Sundry cxpcn5cs and licensin8 Colts Deprffiaiion of tangible and heri¢a8e assets Interc8t payable and similar char¥es Legal and prof¢g5ionai Ac¢ount*n¢y 220,058 2.987 5.665 247.973 4,986 31.729 1,128 1,910 9.725 773 12,646 19,035 479 1,382 717 240 57 12.823 18,709 31 333 626 NET INCOMFJ{EXPENDITURE Net incomeJ(expendiThwe) is Itated •ft¢r£harginWluedi¢m8): 2021 2020 18,709 19.035 Independeni Examimiion TRUSTEES. REMUNERATION AND BEliEFrtS Thert wer¢ no trust¢¢s' r¢tnuD¢ration or other b¢D¢fits for th¢ y¢ar ended 31 Marth 2021 nor for th¢ y¢wr ¢Dded 31 mA￿h 2020. Truit¢u' tipeTr Thcre w¢r¢ tnutKs' ¢xp¢nge4 paid for th¢ ye•r ended 31 Ma￿ts2o21 nor for th¢ year ended 31 Mor¢h 2020. STAFF COSTS 2021 2020 Wa8e5 and salui Social xcurity costs Other t*nsion costs 195,915 8.741 6.423 208 751 Page 12 ¢ontinu>l.. MArrl¢k Prlory Trust (A Company Llthited By Gugr*nt¢¢l Notes to tbe Fln•D¢i*l St*tements- coDtlnued for the YeAr Ettded 31 March 2021 STAFF COSTS- tODthiued The average monthly number of employ¢¢s duTill8 the year was as follows.. 2021 2020 Deputy Heads of Centre and Instruction81 Household. kitchen and domestic Administration Maintenanc¢ 16 17 No etnployees re¢¢ived ¢moluments in excc&s of £60.(KY). Salary paid to key ttLana8eEtLent personnel amounted to £nil12020.. £nil). COMPAIL4TIVES FOR THE STATEMENT OF Fif4ANCIAL ACTIVITIES Unresmcted Restricted funds Tot81 INCOME AND ENDOWMENTS FROM Donations aDd1¢8aci¢$ 5.621 26.6¢N> 32,221 Ch4rlt4ble *ctlvltl Charitable actiTritie5 aud Services 371,517 371,517 Ittvestmcnt income Totsl 380.584 26,700 407,284 EXPENDITURE ON Chxritxble A£tlvltle* Charilable activities and servitts 350.436 14.768 365,204 NET IYCOME 30,148 11,932 42.080 RECONCILIATION OF FUIYDS Totgj fund$ brought fornard 759.801 372,833 1.132,634 TOTAL FUNDS CARRIED FORWARD 789 949 384 765 1174714 Page 13 continued... M*rrkk Prlory Trnst {A C•mp*tsy LJmlted y c￿*T*ntttj to the Finamcial St*temeDts- conthl￿ed for tb¢ Yur Ended 31 M*r¢h 2021 12. TANGIBLE FIXED ASSETS Fixtures and fittings Priory Motor vebicles EquipTncnt Tothl8 COST At l April 2020 and 31 March 2021 27 146 510 ￿94 DEPRECIATION At l April 2020 Charge for ye4T 328,540 139,461 910 27294 28.618 523.913 At 31 Mar¢b 2021 27 140371 ￿94 542 622 NET BOOK VALUE Ai 31 March 2021 At 31 March 2020 578 721 585 770 Included in cost of land aDd buildings is freehold land of £17.340 {2020 - £17.340) wbicb is not d¢prxi8te All the above are used for dirext cbaTitsbl¢ pwp)s¢> 13. STOCKS 2021 2020 14. DEBTOILS: AMouNfs FALLll¥G DUE WITHIN ONE YEAR 2021 2020 4211 Pa8e 14 Ontinucd.. Marrlck Pt4ory Trust IA Company Llmlted By Gu*raDteel otes to the Fln*nelal Statements- conthiued for the Y¢Ar Ended 31 M•rch 2021 15. CREDITORS: AMOUNTS FALLING DUE WITHI.N ONE YEAR 2021 2020 Trade creditors Deposits rec¢ived in advance Other ¢reditor5 Accruals and def¢￿ed income 157 8,200 996 987 11,200 16. MOVEMENT IN FUNDS Net rnovcment At 31.3.21 At 1.4.20 Uttrmtrlcted fuDth GeD¢rai Fund 789,949 (47,014) 742.905 Rejtrlcted fuDdi Development Fund Btwsary Fund Outdoor Classroom Low Ropes Course 282,099 7,032 75,634 {9,235) 18 {1,454} 272.864 7,050 74,180 TOTAL FUNDS 1 174 714 57 7151 1 116999 Net mov¢ment in fimds, includcd in the above are &s follows.. Incoming resources Resources expend Movcrnent in fim(L4 Unrestrleted General Fund 211.632 {258,676) 147,044) Rutrltted funds Developrnent Fund Bur58ry Fund Outtloor CIAssroom 26 18 (9,2611 (9,2351 18 TOTAL FUNDS 211676 269391 Page IS ¢ontinued... M*rrl¢k Prlory Trnst IA Comp*tty L1th￿ted By Gu*r*nteel Dtu to the FÈDanci￿ St*temeThts- ¢ontlnu¢d for the Ye*r Ended 31 M*r¢h 2021 16. MOVEMENT IN FUNDS- ￿ntinued Comp*rAtfvu for rnov¢m¢nt In Net ttJOVCTnent At 31.3.20 Ai 1.4.19 UDrntrkted General Fund 759.801 30.148 789,949 Rutricted Devcloptnent Fund Bursary Fund Outsl¢KJr Clwr(x)m Low Ropes Course 291,YJ6 4.449 77.088 (9.197) 2.583 (1,454} 282.IY)9 7,032 75,634 372 833 TOTAL FUNDS 1 132634 1 174 714 Comparative ne¢ nK)Yement in fu￿1& included in the abov¢ are as follows: IDwmiDg Resources Movement Unrestrkted f¥n General Fund 380.584 (350,436) 30,148 Restrlrted fvndi Developmeni Fund Bursary Fund (92611 14.053) 11.4541 (9,197} 2.583 (1,4541 6.636 [￿*W Ropcs Course TOTAL FUNDS 407 365 Page 16 M*rrltk Prlory Trnst IA CompMDy Llmlted By Gu•ratyietl otm ¢0 the FID•Aeknl Sl*t¢mtnts- ¢o*thithed for the Year Ended 31 M•rrb 2021 MOVEMENT IN FUNDS- cotttinued A current year 12 months and pnor year 12 rn￿th$ combuKd posititin is u follo￿. Net ovcrncnt in fijnds At Jl.3.21 Ai 1.4.19 Unrutrleted 759.801 116,896) 742,￿5 Rutrkled fundi Ikvclopment frund Bursary Fw Outdoor Classroom Low Ropes Cours¢ 291.296 4.449 77.088 118.432) 2.601 (2,908} 272.864 7.050 74,180 372 833 TOTAL FUNDS 1 132634 156351 1 116999 A Curreni yetr 12 months Ind prior y¢4r 12 rDonths combird nd movemeni in fimmts. included in the above are as follows.. Intorning R¢sOWtt5 Movement in fiujdy Uttmtrleted Gen¢r81 Fynd 592.216 (609.112) (16.896) Rutrlci¢d f•ndi Developmettt Fund BurJary Fund OutdTh)r Classroom Low Ropes Coune 118.5221 14.0531 12,9081 (18.432) 2.001 (2,908) 6.654 TOTAL FUNDS 634 5951 156351 The Getternl FuThJ rneets all the Beneral Lyernting ofthe charity. The Development Futtd cstlblished to fimd the xquisition and refU￿1$hment of Tr Priore8s' House. attd the existin8 Priory tO8¢th¢r with the conslructi￿ o(ttew f￿11]tieS rKcomtDLMlation. Depreciltiott is provided at thc rnte of 2% per 00 the Property refirtiishcd ￿ a result of thc devcl¢)PmeDt. This depreciation is char8ed a8•iOSt the Devetopmcni FU￿1. The Bursary Fund was establisha some y¢￿5 ago to provide fuwictal ￿lStanCe to thos¢ unable to meet th¢ full Cost ora visit 10 the centre. Th¢ Fund rcpre8cntcd by money h¢ld in ¢urrenL and deposit A¢¢oun¢s. The Outd(K>r Classroom Fund represents fundm8 from Arn)y Community CovcnAttt Fund and Richmondshire District Council towards th¢ pur¢hw of land and cons¢ruction of the new outdwr cl&s5r￿M buildmg. The Low Ropes CourJ¢ Fund rcpresents funding from the The Jessi￿ BethelCharit8ble Foundtttson. Page 17 continucd... M•rrkk Prlory Tr¥st (A Company Umlted y G4*r*nttt) Notu to the Fts#D¢￿ StAtem¢•ts- eontl••ed ror tbt Ye*r Ended 31 2021 17. RELATED PARTY DISCLOSURES DuTin8 the year. Marri¢k Priy TnJs¢ payments tothilitig £19.832 in both 2021 attd 2020 to the Dioctte of Leeds contributing toward5 thc sthry and IiviD8 cxpensey of the H¢ad of C¢ntre. MEMBERS The clwrity is a coDyny limita by gu8T•nte¢. The members of the compny *re the tsarned on pa8e 3. In the eveni of the chm.ty bein8 wour¥J up. the liability ID resEx¢l of guarantee is limi*d ￿ £1 per member of the cknity. Pa8e 18 ## **Marrick Priory Trust (A Company Limited By Guarantee)** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Deposit account interest
**Charitable activities**
Fees
Minibus
Shop
Telephone
Miscellaneous income
**Other income**
Coronavirus support
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Bursary awards
Provisions
Shop
**Support costs**
**Management**
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Motor and travel expenses
Repairs and maintenance
Equipment repairs and renewals
Staff training
Land access
Cleaning and laundry
Sundry expenses and licensing costs
Carried forward|2021
£
3,420
1,495
1,557
756
-
-
17,000
19,313
187,448
211,676
-
3,163
108
3,271
181,131
6,423
5,108
3,799
13,525
8,780
1,150
142
2,987
5,665
2,009
717
240
57
12,823
244,556|2020
£
32,221
3,546
359,737
6,261
4,801
5
713
371,517
-
407,284
4,053
22,594
4,931
31,578
195,915
8,741
4,095
3,324
17,912
16,458
1,270
258
4,986
31,729
1,128
1,910
9,725
773
12,646
310,870| |---|---|---| This page does not form part of the statutory financial statements Page 19 ## **Marrick Priory Trust (A Company Limited By Guarantee)** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021** |**Management**
Brought forward
Depreciation of tangible and heritage assets
Bank interest
**Governance costs**
Legal and professional
Accountancy
Total resources expended
**Net (expenditure)/income**|2021
£
244,556
18,709
904
264,169
31
1,920
1,951
269,391
(57,715)|2020
£
310,870
19,035
479
330,384
1,382
1,860
3,242
365,204
42,080| |---|---|---| This page does not form part of the statutory financial statements Page 20