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2023-03-31-accounts

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 2023

HPH Chartered Accountants 54 Bootham YORK YO30 7XZ

MARRICK PRIORY TRUST (A company limited by guarantee)

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 Judith Clarke Catherine Trewby Barrie Whitfield Michael Richardson (resigned 15/09/2022) Susan Booth (resigned 15/09/2022) Emma Cosgrif Geoffrey Park Helen Stephenson Stephen Jordan (resigned 06/04/2022) Nicola Dobson (appointed 15/09/2022 Naomi Hogan (appointed 15/09/2022) Clare Chapman (appointed 10/11/2022)

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

MARRICK PRIORY TRUST

(A company limited by guarantee)

Welcome

I am delighted to report Marrick Priory Trust continues to be in a sustainable financial position, supporting the day to day running of the centre and maintenance of our historic buildings, as the planned developments take place.

I am proud that we remain as popular as ever, with visitor numbers back to pre-pandemic levels and growing. We still remain relevant to our visitors needs and we have been able to offer every activity and continue to research new ones. Staffing levels have brought their challenges, they have shown their true colours; being flexible and resilient and learning new skills in the process.

I would like to thank the staff, trustees and Friends for their hard work, expertise and integrity ensuring Marrick Priory is always a safe, happy and inspiring place to visit.

Rolline Frewen

Chair

21 September 2023

2

MARRICK PRIORY TRUST (A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2023

Reference and administrative details

This information is presented on page 1 of the accounts.

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

Our values and culture are central to everything we do, helping us achieve our goals. We, the board and staff, remain focused on supporting groups with a welcoming, homely atmosphere; ensuring that all who visit us, and work here, feel part of the Marrick Family. We have received many, many letters of thanks saying how much they enjoyed their visit.

We listen closely to our visitors’ issues, needs and priorities; whether it is a quiet, reflective few days, team building outside in the countryside or managing inner fears jumping from the leap of faith. Each group is asked to complete a questionnaire. These are a few of their answers;

3

MARRICK PRIORY TURST

(A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2023

Question: What do you think are the current challenges facing young people today?

Answers:

One of our key measures is the number of bed nights taken, as it is our main source of revenue. This year we had a total of 6130 bed nights, an increase of 4% on the years 2016 – 2020. A figure we keep an eye on as booking patterns change and group sizes increase due to Academy’s class sizes and the cost of living crisis. The majority of our visitors remain from schools within a 1.5hr journey, though some groups came from as far afield as Lincolnshire and Norfolk. We always enjoy the diversity of non-school groups, 25% of bookings this year included Scout, Christian, addiction, pediatric, inner city and military organisations. Day bookings made up 9% of our visitor numbers this year.

Activities

During the year the board and staff worked together and agreed our Vision, Mission and Values for the next 5 years;

Our Vision

To enrich, inspire and develop potential through challenge, whilst maintaining respect for the individual.

Our Mission

Realising everyone's potential through fun, tailored, educational outdoor adventures in an historic Yorkshire Dales’ Priory - underpinned by our inclusive Christian ethos of trust, integrity, kindness and respect.

Our Values

Trust Integrity Inclusivity Respect Kindness

Our strapline

Enriching life skills through adventure

We are also working on our 5 year Strategy and very much hope to reveal it during 2023. In essence our new strategy will demonstrate measurable objectives showing the impact on our visitors.

4

MARRICK PRIORY TURST (A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2023

Achievements and Performances

During the year;

Firsts for our visitors;

‘My favourite….’

‘ My most memorable…’

Looking ahead , we strive to continue the great work done by the staff, trustees and Friends; maintaining our high standards of activities, instruction, hospitality and welcome, and look forward to embracing our new strategy and working towards the goals it outlines.

Bookings are looking excellent for the year ahead.

Structure, Governance and Management

Charity status

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 2023. 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)

5

MARRICK PRIORY TURST (A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2023

Recruitment and appointment of trustees

Our highly skilled and passionate board of volunteer trustees ensure we are robustly governed and met 4 times during the year supported by the Staffing Committee, Estate and Facilities Group, Business and Activities Group and Marrick Family Group. All are chaired by trustees and some groups also include members of staff.

In accordance with our Memorandum and Articles of Association the maximum number of trustees is 14, made up of 5 nominated by the Bishop of Leeds, 2 nominated by the Leeds Diocesan Board of Finance, being the custodian trustee of Marrick Priory, and 7 from the wider community in which we operate. The board at present has 10 members. During the year 2 trustees resigned and were re-elected at our AGM, 3 trustees resigned from the board, and I thank them for their hard work and wisdom, and 3 joined the board bringing with them both financial and heritage church building expertise.

A trustee skills audit is planned for the near future

Organisational structure

The Head of Centre is responsible for the day to day running of the centre supported by 1 full and 1 part time deputies, administrator, business development, maintenance, housekeeper, domestic team and instructors.

There have been difficulties recruiting both instructors and domestic staff due to the pandemic and our remote location. However, with a lot of job sharing and cutting back on weekend bookings we were able to support the bookings we already had.

Key management remuneration

The Charity does not have many employees and considers the key management personnel 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 and partially funded by Marrick Priory. This funding is reviewed annually by the Trustees.

The Friends of Marrick Priory have organised a number of entertaining evenings to promote the work of the centre, raise funds for the bursary and to purchase items enhancing the visitors’ experience at Marrick.

Our partners

We work closely with a number of partners; the Diocese of Leeds provides HR support and our farming neighbours provide support in a number of ways as well as enrich our visitors’ experience of the countryside.

Risk management

We encounter risk daily, particularly with outdoor activities and young people. We have in place a number of annually approved policies and procedures including; Health & Safety, Safe Practice for Outdoor Activities, Safeguarding, Incident, Whistle Blowing, Safe Recruitment, GDPR and the Risk Register. The risk register is reviewed and updated regularly by the board.

6

MARRICK PRIORY TURST (A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2023

Fund raising

The staff have also put on a number of events including ‘soups and puds’ lunches to support the bursary fund, which ensures so many people are not left out.

Financial Review

Investment powers

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

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 centre to meet three months expenditure. This is currently £112,000. The current level of free reserves, net of designated funds, amounts to £77,123. 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.

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 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.

7

(A company limited by guarantee)

MARRICK PRIORY TURST

Report of the Trustees For the Year Ended 31 March 2023

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 21 September 2023 and signed on its behalf by

Rolline Frewen

Chair, Director and Trustee

8

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 2023.

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 21 September 2023 YO30 7XZ

9

Marrick Priory Trust (A Company Limited by Guarantee)

Statement of Financial Activities (Incorporating an Income and Expenditure Account) For the Year Ended 31 March 2023

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
Charitable activities and services
5
Other trading activities
Investment income
4
Other income
6
TOTAL INCOME
EXPENDITURE ON
Charitable activities
Charitable activities and services
7
TOTAL EXPENDITURE
Transfers between funds
17
Net movement in funds
Reconciliation of funds
Total funds brought forward
17
Total funds carried forward
17
Net income/ (expenditure) before
transfers		 Unrestricted
funds
£
6,473
441,386
9,886
-
457,745
437,920
437,920
19,825
(2,281)
17,544
1,075,538
£ 1,093,082		 Restricted
funds
£
7,915
3,689
204
-
11,808
8,242
8,242
3,566
2,281
5,847
4,432
£ 10,279		 Total
Total
2023
2022
£
£
14,388
2,561
445,075
267,645
10,090
489
-
40,173
469,553
310,868
446,162
347,897
446,162
347,897
23,391
(37,029)
-
-
23,391
(37,029)
1,079,970
1,116,999
£ 1,103,361
£ 1,079,970

All activities derive from continuing operations.

The notes on pages 12 to 22 form part of the accounts.

10

Marrick Priory Trust (A Company Limited by Guarantee)

Balance Sheet As at 31 March 2023 (Compay Number 03903233)

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
£
559,103
3,483
39,517
531,513
574,513
40,369
534,144
1,093,247
£ 1,093,247		 Restricted
funds
£
-
-
-
10,114
10,114
-
10,114
10,114
£ 10,114		 2023
Total
funds
£
559,103
3,483
39,517
541,627
584,627
40,369
544,258
1,103,361
£ 1,103,361
10,279
1,015,960
77,122
£ 1,103,361		 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

For the financial year ended 31 March 2023, 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 12 to 22 form part of the accounts.

These financial statements were approved by the Board of Trustees and authorised for issue on 21 September 2023 and signed on its behalf by:

Rolline Frewen - Director and Trustee

11

Marrick Priory Trust For the Year Ended 31 March 2023 (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.

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.

12

Marrick Priory Trust For the Year Ended 31 March 2023 (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.

13

Marrick Priory Trust For the Year Ended 31 March 2023 (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
2023
£
6,473
£ 6,473		 Restricted
Funds
2023
£
7,915
£ 7,915		 Total
Total
Funds
Funds
2023
2022
£
£
14,388
2,561
£ 14,388
£ 2,561

Income from donations was £14,388 (2022 - £2,561) of which £6,473 (2022 - £2,092) was attributable to unrestricted funds and £7,915 (2022 - £469) was attributable to restricted funds.

4 INVESTMENT INCOME

INVESTMENT INCOME
2023 2022
£ £
Deposit account interest 10,090 489

Income from investments was £10,090 (2022- £489) of which £9,886 (2022 - £482) was attributable to unrestricted funds and £204 (2022 - £7) was attributable to restricted funds.

14

Marrick Priory Trust For the Year Ended 31 March 2023 (A Company Limited by Guarantee)

Notes to the Accounts

5
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
Funds
2023
£
Fees
423,795
Minibus
8,145
Shop
6,707
Special dinner
-
Miscellaneous
2,739
£ 441,386		 Restricted
Funds
2023
£
-
-
-
3,689
-
£ 3,689		 Total
Total
Funds
Funds
2023
2022
£
£
423,795
257,339
8,145
3,618
6,707
3,433
3,689
3,255
2,739
-
£ 445,075
£ 267,645

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

6 OTHER INCOME

OTHER INCOME
2023 2022
£ £
Coronavirus support £ - £ 40,173

7 ANALYSIS OF TOTAL EXPENDITURE

Charitable activities and services
Bursary awards
Provisions
Shop
Support Costs (note 8)		 Unrestricted
Funds
2023
£
-
35,634
6,569
395,717
£ 437,920		 Restricted
Funds
2023
£
8,242
-
-
-
£ 8,242		 Total
Total
Funds
Funds
2023
2022
£
£
8,242
3,208
35,634
22,795
6,569
3,146
395,717
318,748
£ 446,162
£ 347,897

Charitable activity expenditure was £446,162 (2022: £347,897) of which £437,920 (2022: £344,689) was attributable to unrestricted funds and £8,242 (2022: £3,208) was attributable to restricted funds.

15

Marrick Priory Trust For the Year Ended 31 March 2023 (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 Stationery
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
Profit on sale of fixed assets		 Unrestricted
Funds
2023
£
214,664
32,199
15,148
2,382
16,082
18,887
1,282
840
9,798
17,057
12,617
4,023
13,029
2,367
6,228
24,748
113
1,329
4,633
(1,709)
£ 395,717		 Restricted
Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
£ -		 Total
Total
Funds
Funds
2023
2022
£
£
214,664
181,895
32,199
21,111
15,148
12,866
2,382
2,845
16,082
17,213
18,887
15,531
1,282
1,514
840
502
9,798
5,464
17,057
13,141
12,617
3,326
4,023
638
13,029
10,522
2,367
539
6,228
5,197
24,748
19,831
113
162
1,329
4,051
4,633
2,400
(1,709)
-
£ 395,717
£ 318,748

9 NET INCOME/(EXPENDITURE)

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

2023 2022
£ £
Depreciation - owned assets 24,748 19,831
Independent Examination 4,633 2,400

16

Marrick Priory Trust For the Year Ended 31 March 2023 (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 2023 nor for the year ended 30 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year to 31 March 2023 nor the year ended 31 March 2022.

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		 2023
£
214,664
32,199
15,148
£ 262,011
2023
7
8
2
1
18		 2022
£
181,895
21,111
12,866
£ 215,872
2022
6
7
2
1
16

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

Salary paid to key management personnel amounted to £Nil (2022: £nil).

17

Marrick Priory Trust For the Year Ended 31 March 2023 (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
Transfer between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
2,092
267,645
482
40,173		 Restricted
Total
funds
funds
£
£
469
2,561
-
267,645
7
489
-
40,173
476
310,868
3,208
347,897
(2,732)
(37,029)
(366,930)
-
(369,662)
(37,029)
374,094
1,116,999
£ 4,432
£ 1,079,970
310,392
344,689
(34,297)
366,930
332,633
742,905
£ 1,075,538

18

Marrick Priory Trust For the Year Ended 31 March 2023 (A Company Limited by Guarantee)

Notes to the Accounts

13 TANGIBLE FIXED ASSETS

Cost
At 1 April
Additions
Disposals
At 31 March
Depreciation
At 1 April
Charge for year
Disposal in year
At 31 March
Net Book Amounts At
31 March 2023
31 March 2022		 Priory
improvements
£
907,261
4,200
-		 Fixtures
and
fittings
£
148,968
1,356
-		 Motor
vehicles
£
27,294
23,580
(14,395)		 Equipment
£
32,388
1,255
-		 Total
£
1,115,911
30,391
(14,395)
911,461 150,324 36,479 33,643 1,131,907
364,135
17,846
-		 141,461
1,225
-		 27,294
4,421
(14,394)		 29,560
1,256
-		 562,450
24,748
(14,394)
381,981 142,686 17,321 30,816 572,804
£ 529,480 £ 7,638 £ 19,158 £ 2,827 £ 559,103
£ 543,126 £ 7,507 £ - £ 2,828 £ 553,461

Included in cost of land and buildings is freehold land of £17,340 (2022: £17,340) which is not depreciated.

All the bove are used for direct charitable purposes.

14 STOCKS

Goods for resale

2023 2022
£ £
3,483 5,770

19

Marrick Priory Trust For the Year Ended 31 March 2023 (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 2022
Income
Expenditure
£
£
£
Unrestricted funds
General Fund
51,618
447,860
(420,075)
Designated Funds
Development Fund
460,794
9,885
-
Low Ropes Course
20,000
-
-
Freehold Property
543,126
-
(17,845)
Restricted funds
Bursary Fund
4,432
11,808
(8,242)
£ 1,079,970
£ 469,553
£ (446,162)		 2023
2022
£
£
37,647
26,749
1,870
-
£ 39,517
£ 26,749
15,449
3,208
20,613
12,320
1,547
1,383
2,760
3,630
£ 40,369
£ 20,541
Balance at
Transfers
£
£
(2,281)
77,122
-
470,679
-
20,000
-
525,281
2,281
10,279
£ -
£ 1,103,361
31 March 2023		 2022
£
26,749
-
£ 26,749
3,208
12,320
1,383
3,630
£ 20,541

20

Marrick Priory Trust For the Year Ended 31 March 2023 (A Company Limited by Guarantee)

Notes to the Accounts

17 MOVEMENT IN FUNDS - continued

Comparative for movement in funds

Unrestricted funds
General Fund
Designated Funds
Development Fund
Low Ropes Course
Freehold Property
Restricted funds
Development Fund
Bursary Fund
Outdoor Classroom
Low Ropes Course		 Balance at
1 April 2021
£
742,905
-
-
-
272,864
7,050
74,180
20,000
£ 1,116,999		 Income
£
309,910
482
-
-
-
476
-
-
£ 310,868		 Expenditure
£
(326,893)
-
-
(17,796)
-
(3,208)
-
-
£ (347,897)		 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

A current year 12 months and prior year 12 month combined position is as follows:

Unrestricted funds
General Fund
Designated Funds
Development Fund
Low Ropes Course
Freehold Property
Restricted funds
Development Fund
Bursary Fund
Outdoor Classroom
Low Ropes Course		 Balance at
1 April 2021
£
742,905
-
-
-
272,864
7,050
74,180
20,000
£ 1,116,999		 Income
£
757,770
10,367
-
-
-
12,284
-
-
£ 780,421		 Expenditure
£
(746,968)
-
-
(35,641)
-
(11,450)
-
-
£ (794,059)		 Balance at
Transfers
£
£
(676,585)
77,122
460,312
470,679
20,000
20,000
560,922
525,281
(272,864)
-
2,395
10,279
(74,180)
-
(20,000)
-
£ -
£ 1,103,361
31 March 2023

21

Marrick Priory Trust For the Year Ended 31 March 2023 (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 Jessica 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 2023 and 2022 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.

22