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2022-03-31-accounts

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Company Number 03903233 Charity Number: 1139240

MARRICK PRIORY TRUST (A company limited by guarantee)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

HPH Chartered Accountants 54 Bootham YORK YO30 7XZ

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

MARRICK PRIORY TRUST (A company limited by guarantee)

Contents of the Financial Statements
For the Year Ended 31 March 2022
Page
Reference and Administrative Details 1
Report of the Trustees 2 - 6
Independent Examiner’s Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 - 20
The following pages do not form part of the financial statements
Detailed Statement of Financial Activities 21 - 22

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

MARRICK PRIORY TRUST

(A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2022

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03903233 (England and Wales)

Registered Charity number 1139240

Registered office Marrick Priory Marrick RICHMOND DL11 7LD

Trustees

Rolline Frewen Caroline Hewlett (resigned 01/07/2021) Judith Clarke Catherine Trewby Barrie Whitfield Michael Richardson (resigned 15/09/2022) Penelope Yeadon (resigned 19/09/2021) Susan Booth (resigned 15/09/2022) Emma Cosgrif Richard Noake (resigned 05/11/2021) Geoffrey Park Joanne Patterson (resigned 28/02/2022) Helen Stephenson Stephen Jordan (appointed 11/11/2021 and resigned 06/04/2022) Nicola Dobson (appointed 08/02/2022)

Head of Centre Jim Gleave

Independent Examiner

Adrian Rodaway FCA, BFP, DChA HPH, Chartered Accountants 54 Bootham YORK YO30 7XZ

Bankers Barclays Bank plc 27/31 High Row DARLINGTON DL3 7QS

Legal Advisers Malcolm Lynch Wrigleys Solicitors 19 Cookridge Street LEEDS LS2 3AG

1

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

MARRICK PRIORY TURST (A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2022

The Trustees of the Charity, who are also directors of the Company for the purposes of the Companies Act 2006, present their report with financial statements of the Charity for the year ended 31 March 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Review of the Financial Year

The start of this financial year was as frustrating as much of the previous 12 months. The lock down periods of the pandemic were very nearly over, businesses were beginning to open up, but the staff were still on flexi-furlough and the government would not allow schools on residential trips until May 2021. Too late for many schools to organize trips this summer. We knew there would be a great deal of demand once we were fully opened as we had so many positive bookings. Once the government eased restrictions in May 2021, visitors to Marrick started returning to pre-pandemic normality, but many were understandably nervous. Much time was spent reassuring visitors, prior to arrival on the new Covid procedures and risk assessments that had been put in place. Some groups who were unable to stay overnight came as day visitors, not a financial success, but at least visitors were able to visit and life could feel a bit more normal again. It was also helpful to those who had been stuck inside for so long and good for the staff to get back to normality.

During the summer we maximized possibilities and practicalities by running on and off-site groups on the same day for different bubbles and offering transport to nearby groups to ensure we retained their booking. The position from September onwards was much more straightforward, as groups had more time to reorganize themselves for residential visits to resume. As the year went on, visiting groups became more easily managed as nerves and restrictions eased. It was joyous to welcome back so many familiar faces as well as new groups.

At the beginning of the pandemic the board had agreed the priority was to keep Marrick afloat and ready to reopen as quickly as possible by retaining all staff. With many thanks to the furlough scheme, we were able to do this. Other government grants stopped us dipping into our financial reserves too much, though the year ended with a loss of £37,029. On a positive note, just by visiting Marrick both our guests and staff achieved much needed normality.

Overall, the financial results are extremely encouraging with bed nights, our main source of income, increasing in numbers and with huge support from the government, we find ourselves in a much healthier position than we dreamt of at the beginning of the financial year.

The new website with online booking system, developed earlier in the pandemic, is a huge asset allowing many potential visitors to explore our facilities and make enquiries. We also worked hard to develop our social media coverage.

Sadly we were still unable to offer bush craft sessions to residential homes, (another pandemic brainstorming idea) due to the ongoing uncertainty of Covid for elderly residents.

Like so many other outdoor centers around the country, staffing levels have become an issue, though Marrick is not suffering nearly as much as others. Swaledale is a tight knit community and we are grateful for unfaltering loyalty to Marrick Priory. It is now even more important to ensure staff welfare, accommodation and happiness is a high priority.

2

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

MARRICK PRIORY TURST (A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2022

Maintenance work continued and various small projects were completed, giving satisfaction to the staff. Work requiring professional contractors is a struggle with prices soaring and a lack of labour.

Bookings are looking excellent for the year ahead.

The Friends of Marrick Priory resumed their meetings during the summer and were able to organize a number of fundraising events for the smaller items that make Marrick so special such as buoyancy aids, expedition equipment and a bench, as well as the bursary fund. Our usual fundraising efforts of Soup & Puds pre-Christmas for the bursary fund were also well received.

During the last year 2 instructors moved onto new work and we have welcomed 3 new instructors. We also welcomed two new trustees, bringing extensive expertise and knowledge in finance and education, sadly 4 trustees retired. We thank them for all their wisdom and hard work on behalf of Marrick.

I would personally like to thank all the staff, visitors, board and Friends for their loyalty, perseverance and sheer hard work to ensure we were able to open our doors and welcome all once again.

REFERENCE AND ADMINISTRATIVE DETAILS

This information is presented on page 1 of the accounts.

CHARITABLE OBJECTIVES AND ACTIVITIES

Constitution and Governing Document

The Charity is a company limited by guarantee. Marrick Priory Trust was registered as a charity on 1 December 2010 and is governed by its memorandum and articles.

Aims and Organisation

Marrick Priory Trust is an independent company limited by guarantee linked to the Diocese of Leeds of the Church of England.

The primary aim of the Charity is to manage and maintain Marrick Priory as a Christian residential community centre for outdoor education and training, religious worship, study and recreation.

Public Benefit

The Charity’s aims and achievements are set out within this report. The activities set out in the report have been undertaken to further the Trust’s charitable purposes for the public benefit. The Trustees have complied with the duty under section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission and the Trustees have paid due regard to the guidance in deciding what activities the Trust should undertake.

3

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

MARRICK PRIORY TURST

(A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2022

ACHIEVEMENT AND PERFORMANCE

FINANCIAL REVIEW

Reserves policy

The reserves policy of Marrick Priory is to maintain sufficient free reserves (total reserves less restricted funds and fixed assets) to enable the Priory to meet three months expenditure. This is currently £87,000. The current level of free reserves, net of designated funds, amounts to £51,618. The Trustees are conscious of the need to raise additional funds in order to support the ongoing, regular, work of the Charity.

Principal funding sources

The majority of the Charity’s income is derived from its charitable activities, through the provision of outdoor activities.

FUTURE DEVELOPMENTS

The board and staff will be focusing on our 5 year strategy to grow and improve our offering to our visitors and ensure the development and maintenance of the historical buildings that are central to the residential experience.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Method of recruitment, appointment, induction, and training of trustees

The organisation advertises for trustees on an ad hoc basis. Suitable applicants are then assessed. Trustees appointed are shown around the facilities and verbally informed about the Charity’s activities and provided with a copy of the financial statements. Trustees can appoint any nominated person.

Organisational structure

The Trustees will consist of up to 14 individuals of whom:

Ultimate responsibility for the operation of Marrick Priory rests with the Trustees who meet in full on a quarterly basis. A number of sub-committees have specific responsibilities for staffing, development, building works, fund raising and finance. These committees meet as and when required and liaise closely with the full-time staff at the Priory. The day-to-day management of Marrick Priory is the responsibility of the Head of Centre and Deputy Heads of Centre. They are assisted by a team of instructional staff, together with administrator, business development, maintenance, and housekeeper with responsibility for kitchen and domestic staff.

Key management remuneration

The Charity does not have many employees and considers the key management personal to consist of the Head of Centre, Jim Gleave, and unpaid trustees. The Head of Centre is employed by the Leeds Diocesan Board of Finance, but partially funded by Marrick Priory. This Funding is reviewed annually by the Trustees.

4

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

MARRICK PRIORY TURST (A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2022

Related parties

The Friends of Marrick Priory continue to make an invaluable contribution to the work of the Priory by raising funds for the Bursary Fund, and major items of expenditure and generating interest and support for the work at the Priory.

Investment powers

The Trustees may invest funds as they see fit, subject to the laws and regulations in place at the time.

Risk management

The Trustees regularly review the major risks of the Charity and have implemented the necessary procedures to manage these risks.

Statement of Trustees’ Responsibilities

The trustees (who are also the directors of Marrick Priory Trust for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

5

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

MARRICK PRIORY TURST

(A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2022

Small companies provision statement

This report has been prepared in accordance with the small companies’ regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on 15 September 2022 and signed on its behalf by:

…………………………………………

Rolline Frewen – Director and Trustee

6

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

MARRICK PRIORY TRUST

(A company limited by guarantee)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

This report is made solely to the charitable company’s trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company’s trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the charitable company’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body and the charitable company’s trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. The accounts have not been prepared in accordance with the Charities SORP (FRS102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

HPH, Chartered Accountants ………………………………. 54 Bootham Adrian Rodaway, FCA, BFP, DChA YORK 15 September 2022 YO30 7XZ

7

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Statement of Financial Activities (Incorporating an Income and Expenditure Account) For the Year Ended 31 March 2022

Unrestricted
Note
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
2,092
Charitable activities
Charitable activities and services
5
267,645
Other trading activities
Investment income
4
482
Other income
6
40,173
TOTAL INCOME
310,392
EXPENDITURE ON
Charitable activities
Charitable activities and services
7
344,689
TOTAL EXPENDITURE
344,689
(34,297)
Transfers between funds
13 & 14
366,930
Net movement in funds
332,633
Reconciliation of funds
Total funds brought forward
15
742,905
Total funds carried forward
15
£ 1,075,538
Net income/ (expenditure) before
transfers		 Restricted
funds
£
469
-
7
-
476
3,208
3,208
(2,732)
(366,930)
(369,662)
374,094
£ 4,432		 Total
Total
2022
2021
£
£
2,561
3,420
267,645
19,313
489
1,495
40,173
187,448
310,868
211,676
347,897
269,391
347,897
269,391
(37,029)
(57,715)
-
-
(37,029)
(57,715)
1,116,999
1,174,714
£ 1,079,970
£ 1,116,999

All activities derive from continuing operations. The notes on pages 10 to 20 form part of the accounts.

8

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Balance Sheet As at 31 March 2022

Note
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Stock
14
Debtors
15
Cash at Bank and in hand
LIABILITIES
Creditors: amounts falling due
within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
TOTAL NET ASSETS
THE FUNDS OF THE CHARITY:
Restricted Funds
17
Designated Funds
17
Unrestricted Funds
17
TOTAL FUNDS		 Unrestricted
funds
£
553,461
5,770
26,749
510,099
542,618
20,541
522,077
1,075,538
£ 1,075,538		 Restricted
funds
£
-
-
-
4,432
4,432
-
4,432
4,432
£ 4,432		 2022
Total
funds
£
553,461
5,770
26,749
514,531
547,050
20,541
526,509
1,079,970
£ 1,079,970
4,432
1,023,920
51,618
£ 1,079,970		 2021
Total
funds
£
567,061
2,250
13,312
545,889
561,451
11,513
549,938
1,116,999
£ 1,116,999
374,094
-
742,905
£ 1,116,999

For the financial year ended 31 March 2022, the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The Members have not required the Charity to obtain an audit of its accounts for the year in question in accordance with section 476. The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small companies.

The notes on pages 10 to 20 form part of the accounts.

These financial statements were approved by the Board of Trustees and authorised for issue on 15 September 2022 and signed on its behalf by:

Rolline Frewen - Director and Trustee

9

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Notes to the Accounts

1 GENERAL INFORMATION

The Charitable Company is a private company limited by guarantee, which is incorporated and registered in England and Wales (no.03903233).

The address of its registered office is Marrick Priory, Marrick, RICHMOND, DL11 7LD.

2 ACCOUNTING POLICIES

Basis of preparation of accounts

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Marrick Priory Trust meets the definition of a public benefit entity under FRS 102.

Going Concern

The Charitable Company has cash resources and has no requirement for external funding. The cash and investments held are sufficient to see the Charitable Company through the financial impact of COVID-19. The Directors and Trustees have a reasonable expectation that the Charitable Company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt. Except for the following: grant income is accounts for in the year which it is received.

10

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Notes to the Accounts

2 ACCOUNTING POLICIES (continued)

Expenditure

Liabilities are recognised a expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is possible that the transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accurals basis and has been classified under headings that aggregate all costs related to the catagory. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Costs that can be directly attributed to charitable activities have been included under 'direct costs'. Expenditure that cannot be directly attributed to charitable activities are included in 'support costs'. Governance costs relate to costs of providing the governance infrastructure to the Charity.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off eash asset over its estimated useful life.

Fixtures and fittings 25% on cost and 10% on cost Motor Vehicles 25% on cost Equipment 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairmant.

Depreciation is porvided on freehold property and property improvements at a rate of 2% per annum. Depreciation relating to property and property improvement financed from the Development Fund is charged against the reserves of that fund.

Stock

Stocks are valued at lower of cost and estimated selling price less costs to sell.

Taxation

The Charity is exempt from corporation tax on its charitable activities.

Fund Accounting

Unrestricted funds are available for the general use of the Charity. Restricted funds are subject to specific restrictive conditions imposed by the funders. The specific funds and their purposes are described in note 17.

11

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Notes to the Accounts

2 ACCOUNTING POLICIES (continued)

Pension costs and other post-retirement benefits

The charitable company operated a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Significant estimates and judgements

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

Financial Instruments

Basic financial instruments are recognised at amortised cost with changes recognised in the Statement of Financial Activities.

3 DONATIONS AND LEGACIES

Donations Unrestricted
Funds
2022
£
2,092
£ 2,092		 Restricted
Funds
2022
£
469
£ 469		 Total
Total
Funds
Funds
2022
2021
£
£
2,561
3,420
£ 2,561
£ 3,420

Income from donations was £2,561 (2021 - £3,420) of which £2,092 (2021 - £3,420) was attributable to unrestricted funds and £469 (2021 - £Nil) was attributable to restricted funds.

Deposit account interest 2022
£
489		 2021
£
1,495

Income from investments was £489 (2021- £1,495) of which £482 (2021 - £1,451) was attributable to unrestricted funds and £7 (2021 - £44) was attributable to restricted funds.

12

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Notes to the Accounts

5 INCOME FROM CHARITABLE ACTIVITIES

Fees
Minibus
Shop
Special dinner
Miscellaneous		 Unrestricted
Funds
2022
£
257,339
3,618
3,433
3,255
-
£ 267,645		 Restricted
Funds
2022
£
-
-
-
-
-
£ -		 Total
Total
Funds
Funds
2022
2021
£
£
257,339
1,557
3,618
756
3,433
-
3,255
-
-
17,000
£ 267,645
£ 19,313

Income from charitabe activites was attributable to unrestricted funds in the current and prior year.

6 OTHER INCOME

OTHER INCOME
2022 2021
£ £
Coronavirus support £ 40,173 £ 187,448

7 ANALYSIS OF TOTAL EXPENDITURE

Charitable activities and services
Bursary awards
Provisions
Shop
Support Costs (note 8)		 Unrestricted
Funds
2022
£
-
22,795
3,146
318,748
£ 344,689		 Restricted
Funds
2022
£
3,208
-
-
-
£ 3,208		 Total
Total
Funds
Funds
2022
2021
£
£
3,208
-
22,795
3,163
3,146
108
318,748
266,120
£ 347,897
£ 269,391

Charitable activity expenditure was £347,897 (2021: £269,391) of which £344,689 (2021: £258,676) was attributable to unrestricted funds and £3,208 (2021: £10,715) was attributable to restricted funds.

13

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Notes to the Accounts

8
Support costs
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and Stattionery
Motor and travel expenses
Repairs and maintenance
Equipment repairs and renewals
Staff training
Land access
Cleaning and laundry
Sundry expenses and licensing costs
Depreciation of tangible assets
Bank interest
Legal and professional
Accountancy		 Unrestricted
Funds
2022
£
181,895
21,111
12,866
2,845
17,213
15,531
1,514
502
5,464
13,141
3,326
638
10,522
539
5,197
19,831
162
4,051
2,400
£ 318,748		 Restricted
Funds
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
£ -		 Total
Total
Funds
Funds
2022
2021
£
£
181,895
181,131
21,111
6,423
12,866
5,108
2,845
3,799
17,213
13,525
15,531
8,780
1,514
1,150
502
142
5,464
2,987
13,141
5,665
3,326
2,009
638
717
10,522
240
539
57
5,197
12,823
19,831
18,709
162
904
4,051
31
2,400
1,920
£ 318,748
£ 266,120

9 NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2022 2021
£ £
Depreciation - owned assets 19,831 18,709
Independent Examination 2,400 1,920

14

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Notes to the Accounts

10 TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 30 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year to 31 March 2022 nor the year ended 31 March 2021.

11
TOTAL STAFF COSTS
Wages and Salaries
Social Security Costs
Other Pension Costs (Employer)
The average monthly number of employees during the year was as follows:
Deputy Head of Centre and Instructional
Household, kitchen and domestic
Administration
Maintenance		 2022
£
181,895
21,111
12,866
£ 215,872
2022
6
7
2
1
16		 2021
£
181,131
6,423
5,108
£ 192,662
2021
6
7
2
1
16

No employee received emoluments in excess of £60,000.

Salary paid to key management personnel amounted to £Nil (2021: £nil).

15

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Notes to the Accounts

12 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable activities and services
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
Charitable activities and services
NET EXPENDITURE
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
3,420
19,313
1,451
187,448		 Restricted
Total
funds
funds
£
£
-
3,420
-
19,313
44
1,495
-
187,448
44
211,676
10,715
269,391
(10,671)
(57,715)
384,765
1,174,714
£ 374,094
£ 1,116,999
211,632
258,676
(47,044)
789,949
£ 742,905

16

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Notes to the Accounts

13 TANGIBLE FIXED ASSETS

Priory
improvements
£
Cost
At 1 April
907,261
Additions
-
At 31 March
907,261
Depreciation
At 1 April
346,339
Charge for year
17,796
At 31 March
364,135
Net Book Amounts At
31 March 2022
£ 543,126
31 March 2021
£ 560,922		 Priory
improvements
£
907,261
-		 Fixtures
and
fittings
£
146,510
2,458		 Motor
vehicles
£
27,294
-		 Equipment
£
28,618
3,770		 Total
£
1,109,683
6,228
907,261 148,968 27,294 32,388 1,115,911
346,339
17,796		 140,371
1,090		 27,294
-		 28,618
942		 542,622
19,828
364,135 141,461 27,294 29,560 562,450
£ 7,507 £ - £ 2,828 £ 553,461
£ 560,922 £ 6,139 £ - £ - £ 567,061

Included in cost of land and buildings is freehold land of £17,340 (2021: £17,340) which is not depreciated

All the bove are used for direct charitable purposes.

2022 2021
14 STOCKS £ £
Goods for resale 5,770 2,250

17

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Notes to the Accounts

15 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayment and accured income
16 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Deposits received in advance
Other creditors
Accruals and deferred income
17 MOVEMENT IN FUNDS
Balance at
1 April 2021
Income
Expenditure
£
£
£
Unrestricted funds
General Fund
742,905
309,910
(326,893)
Designated Funds
Development Fund
-
482
-
Low Ropes Course
-
-
-
Freehold Property
-
-
(17,796)
Restricted funds
Development Fund
272,864
-
-
Bursary Fund
7,050
476
(3,208)
Outdoor Classroom
74,180
-
-
Low Ropes Course
20,000
-
-
£ 1,116,999
£ 310,868
£ (347,897)		 2022
2021
£
£
26,749
-
-
13,312
£ 26,749
£ 13,312
3,208
157
12,320
8,200
1,383
996
3,630
2,160
£ 20,541
£ 11,513
Balance at
Transfers
£
£
(674,304)
51,618
460,312
460,794
20,000
20,000
560,922
543,126
(272,864)
-
114
4,432
(74,180)
-
(20,000)
-
£ -
£ 1,079,970
31 March 2022		 2021
£
-
13,312
£ 13,312
157
8,200
996
2,160
£ 11,513

18

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Notes to the Accounts

17 MOVEMENT IN FUNDS - continued

Comparative for movement in funds

Balance at
1 April 2020
Income
Expenditure
Transfers
£
£
£
£
Unrestricted funds
General Fund
789,949
211,632
(258,676)
-
Restricted funds
Development Fund
282,099
26
(9,261)
-
Bursary Fund
7,032
18
-
-
Outdoor Classroom
75,634
-
(1,454)
-
Low Ropes Course
20,000
-
-
-
£ 1,174,714
£ 211,676
£ (269,391)
£ -
A current year 12 months and prior year 12 month combined position is as follows:
Balance at
1 April 2020
Income
Expenditure
Transfers
£
£
£
£
Unrestricted funds
General Fund
789,949
521,542
(585,569)
(674,304)
Designated Funds
Development Fund
-
482
-
460,312
Low Ropes Course
-
-
-
20,000
Freehold Property
-
-
(17,796)
560,922
Restricted funds
Development Fund
282,099
26
(9,261)
(272,864)
Bursary Fund
7,032
494
(3,208)
114
Outdoor Classroom
75,634
-
(1,454)
(74,180)
Low Ropes Course
20,000
-
-
(20,000)
£ 1,174,714
£ 522,544
£ (617,288)
£ -		 Balance at
£
742,905
272,864
7,050
74,180
20,000
31 March 2021
£ 1,116,999
Balance at
£
51,618
460,794
20,000
543,126
-
4,432
-
-
31 March 2022
£ 1,079,970

19

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Notes to the Accounts

17 MOVEMENT IN FUNDS - continued

The General Fund meets all the general operating costs of the charity.

The Development Fund was established to fund the acquisition and refurbishment of The Prioress' House, and the existing Priory together with the construction of new facilities and accommodation.The Trustees now consider that the original restriction was discharged following the original acquisition and refurbishment, and that the monies now set aside for future development are, instead, designated funds.

The Bursary Fund was established some years ago to provide financial assistance to those unable to meet the full cost of a visit to the centre. The Fund is represented by money held in current and deposit accounts.

The Outdoor Classroom Fund represented funding from Army Community Covenant Fund and Richmondshire District Council towards the purchase of land and construction of the new outdoor classroom building. The Trustees now consider that the original restriction has been discharged.

The Low Ropes Course Fund represents funding from The Jessie Bethell Charitable Foundation, which the Trustees now consider to be designated rather than restricted.

18 RELATED PARTIES

During the year, Marrick Priory Trust made payments totalling £19,832 in both 2022 and 2021 to the Diocese of Leeds contributing towards the salary and living expenses of the Head of Centre.

19 MEMBERS

The Charity is a company limited by guarantee. The Members of the Company are the Trustees named on Page 1. In the event of the Charity being wound up, the liability in respect of guarantee is limited to £1 per member of the Charity.

20

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

The following pages do not form part of the statutory accounts.

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Detailed Statement of Financial Activities For the Year Ended 31 March 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Deposit account interest
Charitable activities
Fees
Minibus
Shop
Telephone
Special dinner
Miscellaneous income
Other income
Coronavirus support
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		 £
£
£
£
2,561
3,420
489
1,495
257,339
1,557
3,618
756
3,433
-
-
-
3,255
-
-
17,000
267,645
19,313
40,173
187,448
310,868
211,676
3,208
-
22,795
3,163
3,146
108
29,149
3,271
181,895
181,131
21,111
6,423
12,866
5,108
2,845
3,799
17,213
13,525
15,531
8,780
1,514
1,150
502
142
5,464
2,987
13,141
5,665
3,326
2,009
638
717
10,522
240
539
57
5,197
12,823
292,304
244,556
2022
2021
181,895
21,111
12,866
2,845
17,213
15,531
1,514
502
5,464
13,141
3,326
638
10,522
539
5,197
292,304

21

DocuSign Envelope ID: F1A78F93-B3E6-4717-AA7D-168C62C7C384

Marrick Priory Trust (A Company Limited by Guarantee)

Detailed Statement of Financial Activities For the Year Ended 31 March 2022

Management
Brought forward
Depreciation of tangible and heritage assets
Bank interest and charges
Governance costs
Legal and professional
Accountancy
Total resources expended
Net (expenditure)/income		 £
£
£
£
292,304
244,556
19,831
18,709
162
904
312,297
264,169
4,051
31
2,400
1,920
6,451
1,951
347,897
269,391
£ (37,029)
£ (57,715)
2022
2021
4,051
2,400

22