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← Marrick Priory Trust Ltd

2025-03-31-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 2025

HPH Chartered Accountants 54 Bootham YORK YO30 7XZ

MARRICK PRIORY TRUST (A company limited by guarantee)

Contents of the Financial Statements For the Year Ended 31 March 2025

Page
Reference and Administrative Details 1
Chair’s Introduction 2
Report of the Trustees 3 - 7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Cashflow Statement 11
Notes to the Financial Statements 12 - 22
The following pages do not form part of the financial statements
Detailed Statement of Financial Activities 23 - 24

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MARRICK PRIORY TRUST

(A company limited by guarantee)

For the Year Ended 31 March 2025

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

Registered Charity number

1139240

Registered office

Marrick Priory Marrick RICHMOND DL11 7LD

Trustees

Emma Cosgrif Helen Stephenson Nigel John Milverton (Appointed 22 May 2025) Nick Millen (Appointed 22 May 2025) Tracey Ann Lambert (Appointed 1 May 2025) Geoffrey Park Nicola Dobson Barrie Whitfield Catherine Trewby Christopher Williams (Appointed 19 September 2024) Rolline Frewen (Retired 23 May 2025) Judith Clarke (Retired 19 September 2024) Naomi Hogan (Retired 1 May 2025) Clare Chapman (Retired 31 December 2024)

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 3 Wellington Place LEEDS LS1 4AP

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MARRICK PRIORY TRUST

(A company limited by guarantee)

For the Year Ended 31 March 2025

Welcome

I am pleased to report Marrick Priory Trust ends the year in a sustainable financial position, supporting the day to day running of the centre and maintenance of our historic buildings.

We continue to attract repeat visits from schools, but visitor numbers are falling, and we will need to consider how we address this. We continue to remain relevant to our visitors needs and we have been able to offer every activity 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.

Helen Stephenson

Chair

25 September 2024

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MARRICK PRIORY TRUST

(A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2025

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, 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 it is our main source of revenue. This year; April 24 to March 25; we had a total of 5870 bed nights, a decrease of 10% on last year. This looks like an ongoing trend and so the board will need to review the model over the next 12 months.

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, 19% 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

The Trustees have reviewed the aims and objectives of the Charity against the Charity Commission’s general guidance on public benefit 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, climbing 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, mental health, team work, leadership and managing risk.

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MARRICK PRIORY TURST (A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2025

The accommodation aspect of a visit 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 the importance of supporting and encouraging their peers, connecting with nature and creating memories for ever.

Overall visitors learn the importance of our values at Marrick Priory;

Achievements and Performances

During the year;

Pillar 1 Sustain Marrick Priory as a destination of choice for its high quality environment and innovative range of activities.

Pillar 2

Marrick Priory facility is a high quality environment that meets the needs of all staff and guests. Pillar 3

Cultivate the Marrick Family and its people centered values, where everyone is welcome and treated with dignity and respect.

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 the goals our strategy outlines.

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MARRICK PRIORY TURST

(A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2025

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 2025. 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).

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 September AGM 2 Trustees were re-elected and an additional Trustee was welcomed. There were 2 Trustee resignations during the year, and the Clerk also gave notice but agreed to continue for a little while longer until other arrangements were in place

A trustee skills audit is ongoing

Organisational structure

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

The domestic team was strengthened allowing a more flexible workforce.

One instructor was dismissed following a number of occasions where they had been informed that their conduct was below the required standard. There were concerns around safeguarding and the safety of children and residents. The final incident was one of gross misconduct and the employee was dismissed immediately and requested to vacate the premises.

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 Diocesan Board of Finance. 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 several entertaining events to promote the work of the centre, raise funds for the bursary and to purchase items enhancing the visitors’ experience at Marrick. We thank Cathy Trewby for her role as the Friends’ chair.

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.

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MARRICK PRIORY TURST

(A company limited by guarantee)

Report of the Trustees For the Year Ended 31 March 2025

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.

Fund raising

The staff put on ‘soups and puds’ lunches in the lead up to Christmas when the centre is less busy. One visitor commented “Thank you for a lovely lunch I love supporting this wonderful place and knowing that my contribution goes towards such a worthy cause - the bursary fund”. 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 experience.

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 £144,000. The current level of free reserves, net of designated funds, amounts to £55,475. 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.

6

(A company limited by guarantee)

MARRICK PRIORY TURST

Report of the Trustees For the Year Ended 31 March 2025

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:

Select suitable accounting policies and apply them consistently

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 material departures disclosed and explained in the financial statements; and

Prepare the financial statements on the going concern 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 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.

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 25 September 2025 and signed on its behalf by

Helen Stephenson

Chair, Director and Trustee

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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 2025.

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.

………………………………. Adrian Rodaway, FCA, BFP, DChA 25 September 2025

HPH, Chartered Accountants 54 Bootham YORK YO30 7XZ

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Marrick Priory Trust (A Company Limited by Guarantee)

Statement of Financial Activities (Incorporating an Income and Expenditure Account) For the Year Ended 31 March 2025

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
Charitable activities and services
5
Other trading activities
Investment income
4
TOTAL INCOME
EXPENDITURE ON
Charitable activities
Charitable activities and services
6
TOTAL EXPENDITURE
Transfers between funds
16
Net movement in funds
Reconciliation of funds
Total funds brought forward
16
Total funds carried forward
16
Net income/ (expenditure) before
transfers		 Unrestricted
funds
£
2,507
502,018
23,727
528,252
477,685
477,685
50,567
(5,000)
45,567
1,119,996
£ 1,165,563		 Restricted
funds
£
13,665
-
801
14,466
13,880
13,880
586
5,000
5,586
8,762
£ 14,348		 Total
Total
2025
2024
£
£
16,172
8,725
502,018
503,015
24,528
17,656
542,718
529,396
491,565
503,999
491,565
503,999
51,153
25,397
-
-
51,153
25,397
1,128,758
1,103,361
£ 1,179,911
£ 1,128,758

All activities derive from continuing operations.

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

9

Marrick Priory Trust

(A Company Limited by Guarantee)

Balance Sheet As at 31 March 2025 (Compay Number 03903233)

2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
Note £ £ £ £
FIXED ASSETS
Tangible assets 12 569,183 - 569,183 595,977
CURRENT ASSETS
Stock 13 2,008 - 2,008 3,039
Debtors 14 75,180 - 75,180 82,155
Cash at Bank and in hand 564,945 14,348 579,293 507,620
642,133 14,348 656,481 592,814
LIABILITIES
Creditors: amounts falling due
within one year 15 45,753 - 45,753 60,033
NET CURRENT ASSETS 596,380 14,348 610,728 532,781
TOTAL ASSETS LESS CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES 1,165,563 14,348 1,179,911 1,128,758
TOTAL NET ASSETS £ 1,165,563 £ 14,348 £ 1,179,911 £ 1,128,758
THE FUNDS OF THE CHARITY:
Restricted Funds 16 14,348 8,762
Designated Funds 16 1,110,088 1,042,672
Unrestricted Funds 16 55,475 77,324
TOTAL FUNDS £ 1,179,911 £ 1,128,758

For the financial year ended 31 March 2025, 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 25 September 2025 and signed on its behalf by:

Tracey Lambert - Director and Trustee

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Marrick Priory Trust (A Company Limited by Guarantee)

Cashflow Statement As at 31 March 2025

Cash flows from operating activities:
Net income from reporting period
Adjustments for:
Depreciation
(increase)/decrease in stock
(increase)/decrease in trade ans other
debtors
Profit from sale of fixed assets
(decrease)/increase in trade and other
creditors
Net cash provided by operating activities
Cash flows from investing activities
Proceeds from sale of property, plant and
equipment
Purchase of property, plant and equipment
Cash and cash equivalent at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period
Net cash provided by investment activities
Change in cash and cash equivalents in the
reporting period		 £
£
51,153
26,794
1,031
6,975
-
(14,280)
20,520
71,673
-
-
-
71,673
507,620
£ 579,293
2025		 £
£
25,397
26,794
444
(42,638)
-
19,664
4,264
29,661
-
(63,668)
(63,668)
(34,007)
541,627
£ 507,620
2024		 £
£
25,397
26,794
444
(42,638)
-
19,664
4,264
29,661
-
(63,668)
(63,668)
(34,007)
541,627
£ 507,620
2024
29,661
(63,668)
(34,007)
541,627
£ 507,620

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Marrick Priory Trust For the Year Ended 31 March 2025 (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.

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.

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Marrick Priory Trust For the Year Ended 31 March 2025 (A Company Limited by Guarantee)

Notes to the Accounts

2 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 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 provided 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 16.

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Marrick Priory Trust For the Year Ended 31 March 2025 (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
2025
£
2,507
£ 2,507		 Restricted
Funds
2025
£
13,665
£ 13,665		 Total
Total
Funds
Funds
2025
2024
£
£
16,172
8,725
£ 16,172
£ 8,725

Income from donations was £16,172 (2024 - £8,725) of which £2,507 (2024 - £175) was attributable to unrestricted funds and £13,665 (2024 - £8,550) was attributable to restricted funds.

4 INVESTMENT INCOME

Deposit account interest Unrestricted
Funds
2025
£
23,727
23,727		 Restricted
Funds
2025
£
801
801		 Total
Total
Funds
Funds
2025
2024
£
£
24,528
17,656
24,528
17,656

Income from investments was £24,528 (2024 - £17,656) of which £23,727 (2024 - £17,656) was attributable to unrestricted funds and £801 (2024 - £519) was attributable to restricted funds.

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Marrick Priory Trust For the Year Ended 31 March 2025 (A Company Limited by Guarantee)

Notes to the Accounts

5 INCOME FROM CHARITABLE ACTIVITIES

Fees
Minibus
Shop
Special dinner
Miscellaneous		 Unrestricted
Funds
2025
£
476,025
9,261
7,120
9,309
303
£ 502,018		 Restricted
Funds
2025
£
-
-
-
-
-
£ -		 Total
Funds
2025
£
476,025
9,261
7,120
9,309
303
£ 502,018		 Total
Funds
2024
£
477,200
9,397
8,125
7,900
393
£ 503,015

Income from charitable activites was £502,018 (2024 - £503,015) of which £502,018 (2024 - £503,015) was attributable to unrestricted funds and £Nil (2024 - £Nil) was attributable to restricted funds.

6 ANALYSIS OF TOTAL EXPENDITURE

Charitable activities and services
Bursary awards
Provisions
Shop
Miscellaneous expenses
Support Costs (note 8)		 Unrestricted
Funds
2025
£
-
40,638
6,229
239
430,579
£ 477,685		 Restricted
Funds
2025
£
13,880
-
-
-
-
£ 13,880		 Total
Funds
2025
£
13,880
40,638
6,229
239
430,579
£ 491,565		 Total
Funds
2024
£
10,587
41,066
5,038
826
446,482
£ 503,999

Charitable activity expenditure was £491,565 (2024: £503,999) of which £477,685 (2024: £493,412) was attributable to unrestricted funds and £13,880 (2024: £10,587) was attributable to restricted funds.

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Marrick Priory Trust For the Year Ended 31 March 2025 (A Company Limited by Guarantee)

Notes to the Accounts

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
Staff training
Land access
Cleaning and laundry
Sundry expenses and licensing costs
Depreciation of tangible assets
Bank interest
Legal and professional
Accountancy
Marketing		 Unrestricted
Funds
2025
£
221,456
35,207
15,647
2,748
18,443
21,843
1,570
750
10,689
24,463
10,438
2,101
14,282
3,159
9,105
26,794
-
7,749
3,693
442
£ 430,579		 Restricted
Funds
2025
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
£ -		 Total
Funds
2025
£
221,456
35,207
15,647
2,748
18,443
21,843
1,570
750
10,689
24,463
10,438
2,101
14,282
3,159
9,105
26,794
-
7,749
3,693
442
£ 430,579		 Total
Funds
2024
£
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
£ 446,482

8 NET INCOME/(EXPENDITURE)

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

2025 2024
£ £
Depreciation - owned assets 26,794 26,794
Independent Examination 3,693 2,922

16

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Marrick Priory Trust For the Year Ended 31 March 2025 (A Company Limited by Guarantee)

Notes to the Accounts

9 TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year to 31 March 2025 nor the year ended 31 March 2024.

10
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		 2025
£
221,456
35,207
15,647
£ 272,310
2025
7
9
2
1
19		 2024
£
231,892
33,592
16,427
£ 281,911
2024
8
8
2
1
19

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

Salary paid to key management personnel amounted to £22,317 (2024: £19,945).

17

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Marrick Priory Trust For the Year Ended 31 March 2025 (A Company Limited by Guarantee)

Notes to the Accounts

11 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable activities and services
Investment 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
£
175
503,015
17,137		 Restricted
Total
funds
funds
£
£
8,550
8,725
-
503,015
519
17,656
9,069
529,396
10,587
503,999
(1,518)
25,397
-
-
(1,518)
25,397
10,279
1,103,361
£ 8,761
£ 1,128,758
520,327
493,412
26,915
-
26,915
1,093,082
£ 1,119,997

18

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Marrick Priory Trust For the Year Ended 31 March 2025 (A Company Limited by Guarantee)

Notes to the Accounts

12 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 2024
31 March 2023		 Priory
improvements
£
975,049
-
-		 Fixtures
and
fittings
£
150,404
-
-		 Motor
vehicles
£
36,479
-
-		 Equipment
£
33,643
-
-		 Total
£
1,195,575
-
-
975,049 150,404 36,479 33,643 1,195,575
400,393
18,412
-		 143,917
1,231
-		 23,216
5,895
-		 32,072
1,256
-		 599,598
26,794
-
418,805 145,148 29,111 33,328 626,392
£ 556,244 £ 5,256 £ 7,368 £ 315 £ 569,183
£ 574,656 £ 6,487 £ 13,263 £ 1,571 £ 595,977

Included in cost of land and buildings is freehold land of £17,340 (2024: £17,340) which is not depreciated.

All the above are used for direct charitable purposes.

13 STOCKS

Goods for resale

2025 2024
£ £
2,008 3,039

19

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Marrick Priory Trust For the Year Ended 31 March 2025 (A Company Limited by Guarantee)

Notes to the Accounts

14 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayment and accured income
15 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Deposits received in advance
Other creditors
Accruals and deferred income
16 MOVEMENT IN FUNDS
Balance at
1 April 2024
Income
Expenditure
£
£
£
Unrestricted funds
General Fund
77,324
504,525
(459,273)
Designated Funds
Development Fund
452,216
23,727
-
Low Ropes Course
20,000
-
Freehold Property
570,456
-
(18,412)
Restricted funds
Bursary Fund
8,762
14,466
(13,880)
£ 1,128,758
£ 542,718
£ (491,565)		 2025
2024
£
£
73,268
80,245
1,912
1,910
£ 75,180
£ 82,155
24,223
16,540
17,062
39,058
1,468
1,603
3,000
2,832
£ 45,753
£ 60,033
Balance at
Transfers
£
£
(67,101)
55,475
57,901
533,844
-
20,000
4,200
556,244
5,000
14,348
£ -
£ 1,179,911
31 March 2025		 2024
£
80,245
1,910
£ 82,155
16,540
39,058
1,603
2,832
£ 60,033
£ 1,179,911

20

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Marrick Priory Trust For the Year Ended 31 March 2025 (A Company Limited by Guarantee)

Notes to the Accounts

16 MOVEMENT IN FUNDS - continued

Comparative for movement in funds

Unrestricted funds
General Fund
Designated Funds
Development Fund
Low Ropes Course
Freehold Property
Restricted funds
Bursary Fund		 Balance at
1 April 2023
£
77,122
470,679
20,000
525,280
10,280
£ 1,103,361		 Income
£
439,602
17,137
-
63,588
9,069
£ 529,396		 Expenditure
£
(475,000)
-
-
(18,412)
(10,587)
£ (503,999)		 Balance at
Transfers
£
£
35,600
77,324
(35,600)
452,216
-
20,000
-
570,456
-
8,762
£ -
£ 1,128,758
31 March 2024

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
Bursary Fund		 Balance at
1 April 2023
£
77,122
470,679
20,000
525,280
10,280
£ 1,103,361		 Income
£
944,127
40,864
-
63,588
23,535
£ 1,072,114		 Expenditure
£
(934,273)
-
-
(36,824)
(24,467)
£ (995,564)		 Balance at
Transfers
£
£
(31,501)
55,475
22,301
533,844
-
20,000
4,200
556,244
5,000
14,348
£ -
£ 1,179,911
31 March 2025

21

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Marrick Priory Trust For the Year Ended 31 March 2025 (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 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.

17 RELATED PARTIES

During the year, Marrick Priory Trust made payments totalling £22,318 (2024: £19,845) 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

Cash in hand 2025
2024
£
£
579,293
507,620
£ 579,293
£ 507,620

22