Doujsign Envelope ID: 6542326B-D36B43AE.BBAO41681F8011245 Company Number 03903233 Charlty Number: 1139240 MARRICK PRIORY TRUST (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 HPH Chartered Accountants 54 Bootham YORK Y030 7XZ
Docusign Envelope ID.. 6542326B-036B43AE-BBA(k0681F8011245 IIfiARRICK PRIORY TRUST (A company limited by guarantee) For the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATWE DETAILS Registered Company number 03903233 (England and Wales) Registered Charity number 1139240 Registered off ice Marrick Priory Marrick RICHMOND DL11 7LD Trustees Rolline Frewen Judith Clarke Catherine Trewby Barrie Vwhitfield Emma Cosgrif Geoffrey Park Helen Stephenson Nicola Dobson Naomi Hogan Clare Chapman Head of Centre Jim Gleave Independent Examiner Adrian Rodaway FCA, BFP, DChA HPH, Chartered Accountants 54 Bootham YORK Y030 7XZ Bankers Barclays Bank plc 27131 High Row DARLINGTON DL3 7QS Legal Advisers Malcolm Lynch Wrigleys Solicitors 3 Wellington Place LEEDS LS14AP
Docusfjgn Erwelope ID.. 654232sB-D36B43AE-BBAo681F8011245 MARRICK PRIORY TRusr (A company Ilmited by guarantee) For the Year Ended 31 March 2024 Welcome l am relieved to report Marrick Priory Trust ends the year in a sustainable financial position. supporting the day to day running of the centre and Maintenan of our historic buildings. However, this was not the case in October 2023 when Barclays Bank closed our current account without notice. I write further on this in the Trustees Report. We also took on the huge challenge of reroofing the Prioress House before the winter started,. replacing all the stone tiles with new and ensuring the structure was sound for beyond our lifetimes. l am delighted that we are as popular as ever. with visitor nurnbers at similar pre- pandemic levels. We continue to remain relevant to our visitors needs and we have been able to offer every activty and continue to research new ones. 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 19 September 2024
Doryjsign Envelope ID- 6542326B-D36B43AE-BBAO-0681 F8011245 MARRICK PRIORY TRUST (A company limited by guarantee) Report of the Trustees For the Year Ended 31 March 2024 Reference and administrative details This infortnation is presented on page 1 of the accounts. Ob'ectives and activities Constitution and Governing Document The Charity is a company limited by guarantee. MarriGk 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 MaiCk Priory as a Christian residential communty ntre for outdoor education and training, religious worship. study and recreation. Public benefit Our values and culture are central to everything we do, guiding us to 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 continue to receive many, many letters of thanks saying how much our visitors have 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 then assessed and addressed by the management team. One of our key measures is the number of bed nights taken, as il is our main source of revenue. This year we had a total of 6496 bed nights, an increase of 60/0 on the years 2016- 2022 {excluding the Covid years). A figure we keep an eye on as booking patterns change and group sizes increase due to Academys, class sizes and the cost of living crisis. We are fortunate most bookings are made 12 - 18 months ahead, although we keep an eye on the final numbers versus booking numbers. It can be difficult making planning decisions when the numbers fluctuate. All our visitors this year were from schools and organisations in the north east. from Newcastle to Barnsley, Skipton to Goole. We always enjoy the diversity of non-school groups, 18 % of bookings this year included scout, Christian, young farmers, diabetic, addiction. learning and physically disabled, inner city and military organisations. Day bookings were similar to last year making up 10 % of our visitor numbers. We also enjoyed celebrating a member of staff s wedding at Marrick Priory. An opportunity to showcase our culinary skills and warm hospitality. The Trustees have reviewed the aims and objectives of the Charity against the Charity Commission's general guidan on public benefrt and believe they comply with the requirements under the Charities Act 2011 Activities The activities offered remain very much the same. Both the activities at Marrick Priory, including high and low ropes courses, c5imbing wall, leap of faith, zip wire and archery and those off-site such as water sports, climbing and caving continue to achieve remarkable results of improved self-belief, menlal health, team work, leadership and managing risk.
DocAJsign Envelope ID.. 6542326B-D36843AE-BBA(k0681F8011245 MARRICK PRIORY TURST (A company limited by guarantee) Report of the Trustees For the Year Ended 31 March 2024 The accommodation aspect of a visit also teaches many soft skills and opens the visitors eyes to many positive aspects of life not found at school or home. For a number of visitors there can be many firsts such as their first time away from home and family. the first time they have to make their bed, their picnic lunch and explore the countryside. They learn Ihe Importan of supporting and encouraging their peers. connecting with nature and crealing memories for ever. Overall visitors learn the importance of our values at Marrick Priory; Trust I ntegrity Inclusivity Respect Kindness Achievements and Performances During the year. We replaced one of our minibuses The stsff completed a survey The trustees and staff enjoyed an afternoon together The Prioress House roof was replaced and other roofing repairs made The Quinquennial survey was done The Head of Centre, Jim Gleave, is seconded to Marrick Priory Trust from the DI0se of Leeds We enhanced the zip wire with a seating area We had a staff member's 3 day wedding celebration Demand for the bursary fund continues to increase Paddle boarding has been introduced and is a popular activty We introduced a 3 year budget We confirrned our 5 year strategy. Pillar 1 Sustain Marrick Priory a5 a destination of Choi for its high quality environment and innovative range of activities. Pillar 2 Marrick Priory facility is a high qualty environment that meets the needs of all staff and guests. Pillar 3 Cultivate the Marrick Family and its people ntered values. where everyone is welcome and treated with dignity and respect.
Docusign Envelope ID-. 6542326B-D36843AE-BBAO.0681 F8011245 MARRICK PRIORY TURST (A company limited by guarantee) Report of the Trustees For the Year Ended 31 March 2024 Looking ahead, bookings are again excellent for the year ahead, with only a few weekends free in the colder months. In the meantime. 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 continue working towards Ihe goals our strategy outlines. Structure. qovernance and manaoement Charity status The Trustees of the Charity. who are also directors of the Company for the purposes of the Companies Act 2006, present Iheir report with financial statements of the Charity for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Recruitment and appointment of trustees Our highly skilled 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. At the SeptemberAGM 4 trustees We reelected. There were no trustee resignations during the year. A trustee skills audit is ongoing Organisational structure The Head of Centre is responsible for the day to day running of the ntre supported by 2 deputies (1 full and 1 part time). administrator, business development, maintenance, housekeeper, domestic team and instructors. The part time deputy departed in February 2024. A staffing review resulted in one instructor taking on the role of Senior Instructor and a number of responsibilities were reassigned. The domest team was strengthened allowing a more flexible workforce. Otherwise, the staffing hours have been steady throughout the year. 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 seconded to Marrick Priory Trust from the Leeds Di0san Board of Finan. His remuneration is shared by both Marrick Priory Trust and the Diocese of Leeds. This funding is reviewed annually by the Trustees. The Friends of Marrick Priory have organised a number of entertaining events and a cake stall to promote the work of the centre. raise funds for the bursary and to purchase items enhancing the visitors, experience at Marrick. We thank Judith Clarke for her role in chairing the Friends for the past 10 years, introducing an international flavour to the events. Judith continues in her role as trustee. Cathy Trewby takes over as the Friends. chair.
Doojsign Envelope ID.. 6542326B-D36B43AE-BBAO-0681F8011245 MARRICK PRIORY TURST (A company limited by guarantee) Report of the Trustees For the Year Ended 31 March 2024 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 ofways as well as enrich ourvisitors, 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 prOdureS 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. We suffered an unprecedented and potential disaster when Barclays Bank closed our current account without notice. We were in the process of updating our mandate which required a number of trust signatures. Unfortunately, the Post Office failed to deliver one of the forms and the department who manages mandates did not communicate the problem with either ourselves or the team in charge of accounts. We are hugely grateful to the Diocese of Leeds who very kindly did all our banking. paying salaries, utility bills etc, with money we transferred from our savings account in another bank. Barclays Bank realized their mistake and reopened our account nearly 2 months later. We have since leamt this has happened to a number of charities with dire cOnsequens. We have added the risk to our risk register and look to open an account in another bank for minor transactions, in case it happens again. It is a lesson learnt, the hard way. Fund raising The staff put on 'soups and puds, lunches in the lead up to Christmas when the centre is less busy. The domestic team enjoy showcasing their cookery skills and supporting the bursary fund, which ensures so many people are not left out of enjoying the special Marrick Priory experien. Financial Review Investment powers The Trustees may invest funds as they see frt, subject to the laws and regulations in pla at the time. Reserves policy The resenies policy of Marrick Priory is to maintain sufficient free reserves (total resenies less restricted funds and fixed assets) to enable the centre to meet three months expenditure, this is currently £126,000. The current level of free reserves, net of designated funds. amounts to £77,348. The Trustees are conscious of the need to raise additional funds in orderto support the ongoing. regular work of the Charty. Principal funding sources The majority of the Charity's income is derived from its charitable activities, through the provision of outdoor activities.
Docusign Envelope ID.. 65423268-D36B43AE-BBA(o681FB011245 MARRICK PRIORY TURST (A company limited by guarantee) Report of the Trustees For the Year Ended 31 March 2024 Statement of Trustees Responsibillties 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 accordan with the United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practi) 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 ststernents unless they are satisfied, they give a true and fair view of the state of affairs of the charitable company and of rts incoming resources and application of resour$, including its income and expenditure. for that period. In preparing these financial statements. the trustees are required to.. Select suitable accounting policies and appty them consistentty Observe the methods and principles in the charities SORP Make judgements and estimates that are reasonable and prudent State whether applicable UK Accounting Standards have been followed. subject to any matertal departures disclosed and explained in the financial statements., and prepa the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business The Trustees are responsible for keeping adequate accounting records that are sufficienl lo 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 financi81 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. 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 19 September 2024 and suned on its behaW by Rolline Frewen Chair, Director and Trustee
Doojslgn Envelope ID.. 6S42326B-D36S43AE-BBAO6BlFB01l24s 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 2024. This report is made solely to the charitable company's truslees, 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 l am required to state to them in an independent examinerfs report and for no other purpose. To thefullest extent permitted by law, I do not accept or assume responsibility to anyone other than Ihe 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 rts directors for the purposes of company law) you are responsible for the preparation of the accounts in acc))rdance 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 l am qualified to undertake the examination because l 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 2. the accounts do not accord wrth 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 Irue 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 concems and have come across no olher matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. fobwy HPH, Chartered Accountants 54 Bootham YORK Y030 7XZ Adrian Rodaway, FCA, BFP, DChA 19 September 2024
Do$Ign Envelope ID.. 65423268-D36843AE-BBAO-0681F8011245 Marrick Priory Trust (A Company Limited by Guarantee) ststement of Flnancial Activities {Incorporating an Income and Expendlture Account) For the Year Ended 31 March 2024 Unrestricted funds Restricted funds Total Total 2023 Note 2024 INCOME AND ENDOWMENTS FROM Donations and legacies 175 8,550 8.725 14.388 Charitable activities Charitable activities and services 503,015 503,015 445.075 Other trading actiVTties Investment income 17,137 519 17.656 10,090 TOTAL INGOME 520,327 9,069 529,396 469,553 EXPENDITURE ON Charitable activities Charitsble activities and seNices 493,412 10,587 503,999 446.162 TOTAL EXPENDITURE 493,412 10,587 503,999 446,162 Net incomel (expenditure) before transfers 26.915 (1,518) 25,397 23,391 Transfers between funds 16 Net movement in funds 26,915 (1,5181 25,397 23.391 Reconciliation of funds Total funds brought forward 16 1.093,082 10,279 1,103,361 1,079.970 Total funds carried forward 16 £ 1.119,997 £ 8,761 £ 1.128,758 £ 1,103,361 All activities derive from continuing operations. The notes on pages 12 to 22 form part of the accounts.
Doojsign Envelope ID.. 6542326B-D36B43AE-8BA1>0681F8011245 Marrick Priory Trust (A Company Limited by Guarantee) Balance Sheet As at 31 March 2024 (Compay Number 03903233) 2024 Totsl funds 2023 Total funds Unrestricted funds Restricted funds Note FIXED ASSETS Tangible assets 12 595.977 595,977 559,103 CURRENT ASSETS Stock Debtors Cash at Bank and in hand 13 14 3.039 82.155 498.859 3,039 82,155 507,620 3,483 39,517 541,627 8.761 584,053 8.761 592,814 584,627 LIABILITIES Creditors: amounts falling due within one year 15 60,033 60,033 40,369 NET CURRENT ASSETS 524.020 8,761 532,781 544,258 TOTAL ASSETS LESS CURRENT LIABILITIES 1,119,997 8,761 1,128,758 1,103,361 TOTAL NET ASSETS £ 1,119.997 £ 8,761 £ 1.128.758 £ 1,103,361 THE FUNDS OF THE CHARITY: Restricted Funds Designated Funds Unrestricted Funds 16 16 16 8,761 1,042,673 77,324 10,279 1,015,960 77,122 TOTAL FUNDS £ 1,128,758 £ 1,103,361 For the financial year ended 31 March 2024. the Charity was entitled to exemption from audit under section 477 of the Companie5 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 Vll 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 19 September 2024 and signed on its behalf by.. Rolline Frewen - Director and Trustee 10
Do¢usign Envelope ID= 6542326B-D36B43AE-BBA04)681 F8011245 Marrick Priory Trust (A Company Limited by Guarantee) Cashflow Statement As at 31 March 2024 2024 2023 Cash flows from operating activities: Net income from reporting period Adjustments for.. Depreciation (increase)Idecrease in stock (increase)Idecrease in trade ans other debtors Profit from sale of fixed assets (decrease)lincrease in trade and other creditors 25,397 23,391 26,794 444 24,748 2,288 (42,638) (12,768) 11,709) 19,664 19,828 4,264 29,661 32.387 55.778 Net cash provided by operating activities Cash flows from investing activities Proceeds from sale of property, plant and equipment Purchase of propety, plant and equipment Net cash provided by investment aGtivities 1,709 (30,391) (63,668) (63,668) (28,682) Change In cash and cash equivalents In the reporting pariod (34,007) 27,096 Cash and cash equlvalent at tho baginning of the reporting period 541,627 514,531 Cash and cash equivalents at the end of the reporting perlod £ 507,620 £ 541,627 11
Doojslgn Envelope ID.. 6s4232eB.D36B43AE-BBAo68lF6ol1245 Marrick Priory Trust For the Year Ended 31 March 2024 (A Company Limited by Guarantee) Notes to the Accounts 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, DL117LD. ACCOUNTING POLICIES Basis of preparation of accounts The financial ststements have been prepared in accordance wilh 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 1021 leffe¢tive 1 January 2019)- (Charities SORP {FRS 1021), 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. 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
Doujslgn Envelope ID.. 65423268-036B43AE-BBAlo6B1F8011245 Marrick Priory Trust For the Year Ended 31 March 2024 (A Company Limited by Guarantee) Notes to the Accounts ACCOUNTING POLICIES (continued) Expenditure Liabilities are recognised as 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 wtth 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 directty attributed to charitable activities are included in 'support costs,. Governance costs relate to costs of providing the govemance infrastructure to the Charity. Tangible fixed assets and depreciauon Deprecialion is provided at the following annual rate5 in order to write off eash asset over its estimated useful lrfe. Fixtures and fittings Motor Vehicles Equipment 25% on cost and 10°A on cost 25°/o on cost 250A on cost Tangible fixed assets are measured at cost less a¢¢umulated depreciation and impairmant. Depreciation is provided on freehold propety and propety improvements at a rate of 2tsA 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 15 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 specrfic restrictive conditions imposed by the funders. The specific funds and their purposes are deribed in note 16. 13
Docusign Envelope ID.. 6s42326B-D36B43AE-BBA06B1F8011245 Marrick Priory Trust Forthe Year Ended 31 March 2024 (A Company Limited by Guarantee) Notes to the Accounts ACCOUNTING POLICIES Icontinued) 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-. Depreciation -further infomiation is provided above Financial Instruments Basic financial instruments are recognised at amortised cost with changes recognised in the Statement of Financial Activities. DONATIONS AND LEGACIES Unrestricted Funds 2024 Restrlcted Funds 2024 Total Funds 2024 Total Funds 2023 Donations 175 8,550 8,725 14,388 £175 £ 8,550 £ 8,725 £ 14,388 Income from donations was £8.725 {2023- £14.388) of which £175 (2023- £6,473) was attribLrtable to unrestricted funds and £8.55012023 - £7,915) was attributable to restricted funds. INVESTMENT INCOME 2024 2023 Deposit account interest 17,656 10,090 Income from investments was £17,656 (2023 - £10,090) of which £17,13712023 - £9,886) was attributable to unrestricted funds and £51912023- £204) was attributable to restricted funds. 14
Doojsign Envelope ID.. 6542326B_D36B43AE.BBA0681FeOl1245 Marrick Priory Trust For the Year Ended 31 March 2024 (A Company Limited by Guarantee) Notes to the Accounts S INCOME FROM CHARITABLE ACTIVITIES Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Fees Minibus Shop Special dinner Miscellaneous 477.200 9,397 8,125 7,900 393 477,200 9,397 8,125 7,900 393 423,795 8,145 6,707 3.689 2.739 £ 503,015 £ 503,015 £ 445,075 Income from charitsble activites was £503,015 (2023 - £445.0751 of which £503,015 (2023 - £441,386) was attributable to unrestricted funds and £Nil (2023 - £3,689) was attributable to restricted funds. 6 ANALYSIS OF TOTAL EXPENDITURE Unrestricted Fun¢ts 2024 Restrictod Funds 2024 Total Funds 2024 Total Funds 2023 Charitable activities and Services Bursary awards Provisions Shop Miscellaneous expenses Support Costs (note 81 10,587 10,587 41,066 5,038 826 446,482 8,242 35,634 6.569 41,066 5,038 826 446,482 395,717 £ 493,412 £ 10,587 £ 503,999 £446,162 Charitable activity expenditure was £503,999 (2023: £446,162) of which £493,412 (2023: £437.920) was attributable to unrestricted funds and £10,587 (2023: £8,242) was attribLrtable to restricted funds. 15
DooJsign Envelope ID.. 6542326B-D36B43AE-BBA(k0681F8011245 Marrick Priory Trust For the Year Ended 31 March 2024 (A Company Limited by Guarantee) Notes to the Accounts UnrestriGted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 7 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 Stsff training Land a¢¢ess Cleaning and laundry Sundry expenses and licensing costs Depreciation of tangible assets Bank interest Legal and professional Accountancy Marketing Profft on sale of fixed assets 231,892 33,592 16,427 2,230 16,872 36,950 1,408 492 12,177 7,990 13,192 7,851 14,370 3,074 2,776 26,794 67 15,128 2,922 278 231,892 33,592 16,427 2,230 16,872 36,950 1,408 492 12,177 7,990 13,192 7,851 14,370 3,074 2,776 26,794 67 15,128 2,922 278 214,664 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) £ 446,482 £ 446,482 £ 395,717 8 NET INCOMEI(EXPENDITUREI Net 1ncomel{expenditu) is stated after chargingl{crediting)'. 2024 2023 Depreciats'on - owned assets Independent Examination 26,794 2,922 24,748 4,633 16
Docushjn Envelope ID.. 6s42326B-D36B43AE-BBA0681F8Ol1245 Marrick Priory Trust Forthe Year Ended 31 March 2024 (A Company Limited by Guarantee) Notes to the Accounts TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Tnjstees, expenses There were no trustees, expenses paid for the year to 31 March 2024 nor the year ended 31 March 2023. 10 TOTAL STAFF COSTS 2024 2023 Wages and Salaries Social Security Costs other Pension Costs (Employer) 231,892 33,592 16,427 214,664 32,199 15,148 £ 281,911 £ 262,011 The average monthly number of employees during the year was as follows: 2024 2023 Deputy Head of Centre and Instructional Household, kitchen and domestic Administration Maintenance 19 18 No employee received emolurnents in eXsS of £60,000. Salary paid to key management personnel amounted to £19,945 (2023.. £19,832). 17
Docusign Envelope ID.. 6542326B-o36B43AE-BBAtO681F8011245 Marri¢k Priory Trust Forthe Year Ended 31 March 2024 (A Company Limited by Guarantee) Notes to the Accounts 11 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 6,473 7,915 14,388 Charitable activities Charitable activities and service5 441,386 3,689 445.075 Investment income Other income 9,886 204 10,090 Total 457,745 11,808 469.553 EXPENDITURE ON Charitable actlvities Charitable activities and services 437.920 8,242 446,162 NET EXPENDITURE 19,825 3,566 23,391 Transfer between funds (2,281) 2,281 Net movement in funds 17,544 5,847 23,391 RECONCILIATION OF FUNDS Totsl funds brought forward 1,075.538 4,432 1,079.970 TOTAL FUNDS CARRIED FORWARD £ 1,093,082 £ 10.279 £ 1,103.361 18
Docuslgn Envelope ID.. 6542326B-O36B43AE-BBA[D68lF8Q1124s Marri¢k Priory Trust For the Year Ended 31 March 2024 (A Company Limited by Guarantee) Notes to the Accounts 12 TANGIBLE FIXED ASSETS Fixtures and fittings Priory improvements Motor vehicles Equipment Total Cost At 1 April Additions Disposals 911.461 63.588 150.324 80 36.479 33,643 1,131,907 63.668 At 31 March 975,049 150,404 36,479 33,643 1,195,575 Depreciation At 1 April Charge for year Disposal in year 381,981 18,412 142,686 1,231 17,321 5,895 30,816 1,256 572,804 26,794 At 31 March 400,393 143,917 23,216 32,072 599,598 Net Book Amounts At 31 MarGh 2024 £ 574,656 £ 6,487 £ 13,263 £ 1,571 £ 595.977 31 March 2023 £ 529,480 £ 7,638 £19,158 £ 2,827 £ 559,103 Included in cost of land and buildings is freehold land of £17,340 (2022: £17,340) which is not depreciated. All the above are used for direct charitable purposes. 2024 2023 13 STOCKS Goods for resale 3,039 3,483 19
DoaJs•Jn Envelope ID.. 6542326B-D36B43AE-BBA(k0681F8011245 Marrick Priory Trust For the Year Ended 31 March 2024 (A Company Limited by Guarantee) Notss to the Accounts 2024 2023 14 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayment and accured income 80.245 1.910 37.647 1,870 £ 82.155 £ 39,517 15 CREDITORS- AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Deposits received in advance Other Greditors Accruals and deferred income 16.540 39,058 1,603 2,832 15,449 20.613 1,547 2,760 £ 60,033 £ 40,369 16 MOVEMENT IN FUNDS Balance at l April 2023 Balance at Transfer5 31 March 2024 Income Expendlture Unrestricted funds General Fund 77.122 439,602 (475,000) 35,600 77,324 Designated Funds Development Fund Low Ropes Course Freehold Property 470.679 20,000 525.281 17,137 135,600) 452,216 20,000 570,457 63.588 (18.412) Restricted funds Bursary Fund 10,279 9.069 (10,587) 8,761 £ 1,103,361 £ 529,396 £ (503,999) £ 1.128.758 20
Doujsign Envelope ID= 6542326B-D36B43AE-BBAO-0681F8011245 Marrick Priory Trust For the Year Ended 31 March 2024 (A Company Limited by Guarantee) Notes to the Accounts 16 MOVEMENT IN FUNDS - continued Comparative for movement in funds Balance at 1 April 2022 Balance at 31 March 2023 Income Expenditure Transfers Unrestricted funds General Fund 51,618 447,860 (420.075} (2.281) 77.122 Designated Funds Development Fund Low Ropes Course Freehold Propety 460,794 20.000 543,126 9.885 470.679 20,000 525.281 (17,845) Restrlcted fund5 Bursary Fund 4,432 11,808 (8,2421 2,281 10,279 £ 1,079,970 £ 469,553 £ (446,162) £ 1,103,361 A current yoar 12 months and prior year 12 month comblnad position is as follows: Balance at 1 April 2022 Balance at 31 March 2024 Income Expenditure Transfers Unrestricted funds General Fund 51,618 887.462 (895.0751 33,319 77,324 Designated Funds Development Fund Low Ropes Course Freehold Property 460.794 20.000 543,126 27,022 {35,600) 452.216 20.000 570.457 63.588 (36,2571 Restricted funds Bursary Fund 4,432 20.877 (18,829) 2,281 8,761 £ 1,079.970 £ 998,949 £1950,1611 £ 1,128,758 21
DoSIgn Envelope ID: 6542326B_D36B43AE_BBAO.0681 F8011245 Marrick Priory Trust For the Year Ended 31 March 2024 (A Company Limited by Guarantee) Notes to the Accounts 16 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 refvrbishment 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 refvrbishment, and that the monies now set aside for fijture 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 ArTny Community Covenant Fund and Richmondshire District Council towards the purchase of land and constnjction of the new outdoor Glassroom 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 ¢onsider to be designated rather than restricted. 17 RELATEO PARTIES During the year, Marrick Priory Trust made payments totalling £19.845 (2023.. £19,832) to the Diocese of Leeds contributing towards the salary and living expenses of the Head of Centre. 18 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. 19 ANALYSIS OF CASH AND CASH EQUIVALENT 2024 2023 Cash in hand 507,620 541,627 £ 507,620 £ 541,627