The Askrigg Foundatlon
Financial Statement5
Year Ended 31" December 2023
Charity registration number: 1180846

The Askrigg Foundation
Financial Statements
Year Ended 31, December 2023
ContÈnts
Pa
Charity Reference and Administrative Details
Trustees, Annual Report
Independént Examiner'5 Report
Statement tsf Financial Activities
Balance Sheet
Notes to the Financial Statements
8-16

The Askrigg Foundatlon
Charlty Reference and Admini5tratlvè Detalls
Year Ended 31" December 2023
Charity registration numb•r
1180846
Charitable Incorporated Organlsation number
CE015701
Trustees
Mrs G J Anderson
Rev DJ Clark
Mrs E Fawcett
Mrs C P Gosllng
Mr H A Kirkbride
Mrs K Hodgson
Chair Person
Mrs E Fawcett
Treasurer
Mrs E Fawcett
Address
Askrigg House
Main Street
Askrigg
Leyburn
North Yorkshire
DL8 3HG
Independent Examiner
Mr M A Fleming
Yorkshire Dales Accountancy
Kiln Place. Dryden House
Hawe5
North Yorkshire
DL8 3RA
Sollcitor
Hall & Birtles
Bank Chambers
Main Street
Hawès
North Yorkshlre
DL8 3QL
Banker5
CAF Bank Ltd
25 Klngs Hlll Avenue
West Malling
Kent
ME1841Q

The Askrigg Foundation
Trustees, Annual Report
Year Ended 31" December 2023
The trustees present their réport and the financial statements trf the charity for the year ended 31. December 2023.
Th& trustees have adopted the provision5 of the Statement of Recommended Practice ISORPI "Accounting and
Reporting by Charities" in preparing the annual report and financial statements of the charlty.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts
and comply with the eharlws governing document, the Charities Act 2011 and Accounting and Reporting by Charities..
Statement of Recornrnended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Trustees of the charity
The trustees who have served during the year and since the year end were as follows..
Mrs G J Anderson
Rev D I Clark
Mrs E Fawcett
Mrsc PGosling
Mr H A Kirkbride
Mrs K Hod£50n
Oblectlves and actlvities
The prlncipal objectives of the Askri88 Foundation continue to be driven by the orlginal trust deed of 1971, which tasks
the trustees to undertake.such Works as are beneficial to the Parish in line with the founding Christian principles." The
Foundation became active as Charitable Incorporated OrEanisation with effect from 6, June 2019, havlng previously
operated as an ordinary charity, registration number 500838. The objects of the Charity are to promote any charit3ble
purpose for the public generally and, in particular, the inhabitants of the Upper Wensleydale 8enef1ce and for the
gèneral purpose of such bodies as the trustee5 may from time to tlme decide to support.
Publlc beneflt ststement
The charity continues to support charitable purposes in the Upper Wensleydale Benefice as and when identified. Thé
charity has been delivering public benefit by providing three affordable homes for rent in perpetuity for local people a5
determined by a specific criteria and 3 shop at a reasonable rent. It is doing so from property that the charity own5,
which was not previously being fully utili5ed.
The trustees consider that they have complied with their duty to have due regard to the commi55ion's public benèfit
guldance.
Achievements and pertormance
The Foundation provides three affordable homes and one retail unit in the village of Askrigg. It has been a fairly settled
year for the Foundation with the property in good order requiring minimal maintenance, although small patches of
damp continue to be an issue in the rear of the shop.
The shop contlnues to be let to Heather & Grouse which seems to be thriving and 15 certainly an important part of the
community for both loca15 and vlsitors. The three tenants in the residential properties remain the same and the rents
have been paid on time each month without issue.
Interest rates increased throughout the year which led to monthly repayment5 increasin8 to over £900. Rents were not
Increased due to the cost of living cri515.

The Askrigg Foundation
Trustees, Annual Report
Year Ended 31" December2023
Flnancial review Ilncludlng reserves polÉcvl
With good occupancy levèls the income generated from the property amounted to £18.71012022.' £17,342). However
costs also increased to £18,938 from E16,203 in 2022, an increase of £2,735. The majority of this variance was due to
ri51ng interest rates which increased borrowing eosts. With rising interest rates, the Trustees decided that it would be
pertinent to repay £15,(X)O of the mortgage to brin8 down the Capital owing and reduce the monthly intèrest costs,
which was done in in early january 2023.
The Trustees consider it appropriate that the cash funds available in the current account do not fall below £10,000.
Goin8 forwards the Trustees will look to strengthen cash reserves before furthering its objectives. Whilst the total
charity funds are healthy at £251,388, a lot of thi5 is locked into property.
Plans for future periods
With the properties all being in excellent condition the trustees are hopeful that minimal expenditLJrÈ will bè required
on them over the coming years. It is our intention to keep these to a high standard so that people are proud to live in
them.
The Trustees agree that there is a need to stabilise and re-build reserves.
Structure, governance and management
The charity Is governed by its Charitable Incorporated Organisation constitution document dated 26 November 2018.
The charity is managed by its trustees. Where there is a need for a new Trustee, new Trustees are identified by their
skill set by serving Trustees and are invited to join the or8ani5ation.
Trustees, responslbllltles
The trustees are responsible for preparing theTrusteeg Annual Report 3nd thefinandal statements in accordan￿ wth applicable law
and Unf(ed ￿ngdoM Accounting StarKlards Iunrted Kingdom General￿ AC￿ptedAcCaUntIThg Praclcel.
The law applicable to charities in Ern￿and & Wales require5 the trustees to prepare financlal statements for eath financval Vearwh￿h
gwe a trLJeandkirviewofthestate ofaffairsofthe chartyand of theincoming re50urcesand application of resourcesofthe chartyfor
that period.
In preparingth￿e financia15tstements,thetrustee5are required to:
selettsuitable¥ccounting policiesand then appfythem consistentlv,.
obsèNethe methcé5and prinoples in the (hritiesSORP,'
make judgements and estimatssthat are ￿asOnable8nd prudent,.
tydte whether applicable accounUng stsndards have been followed. subject to any material departure5 discbsed and
explalned in thefinanaal 5tatements-
prepare the financial statements on the going concern basis unless it i4 inappropriate to presume that the charty wll
continue in operaton.

The Askrlgg Foundation
Trustees, Annual Report
Year Ended 31" December 2023
The trustees are responsible for keeping proper accounting record5 that discl￿e with rea￿able accuracy at any time the financial
position of the charity and enable thetll to ensure that the financial ststements Comp￿ wth the Charttse5 Act 2011, the Chariti
(Accounts and Reports) Regulations 2038 . They are a&0 responsible for safeguarding the assets of the charty hence for taking
reasonable stepsforthe prevention and detettron offrdud and other irregularf(ie&
On beh31f of the board
Mrs E Fawcett, Chairperson, Trustee
Date:

The Askrlgg Foundation
Independent Examiner's Report to the Trustees of The Askrlgg Foundation
Year Ended 31$1 December 2023
I report to the charity trustees on my examination of the accounts of the ¢harity for the year ended 31" December 2023
which are set out on pages I to 16.
Responslbllltles and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements
of the Charitie5 Act 20111'the Act'l.
I report in respect of my examination of the charitys accounts carried out under section 145 of the Act and In carrylng
out my examination I have followed all the applicable Directions given by the Charity Commission under section
14515llbl of the Act.
Independent ￿amIner'S statement
I h3ve completed my examination. I confirm that no mèterial matters have ¢ome to my attention in tonnection wlth
the examination giving me cause to believe that in any material respect:
accountin8 record5 were not kept in rèspect of the charity as required by section 130 of theAct; or
the accounts do not accord with those records.
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.
Mr M A Fleming
ICAEW Member No. 9228615
Yorkshire Dales Accountancy
Kiln Place
Dryden house
Hawes
North Yorkshire
DL8 3QG
Date.. IL 202

The Askrigg Foundation
Statement of Financial Activities
Year Ended 31" December 2023
Unrestricted
funds
Restricted
funds
Year
Ended
2023
Total
Year
Ended
2022
Total
Note
Income and endowment5 from..
Property income
Donation5 and legacies
Investments
Grant5
Other income
16,427
24
li
2,283
18.710
24
221
17,342
24
220
210
1,615
Total incomè and endowments
16,462
2,493
18,955
19,201
Expendlture on:
Overhead5 & administratlon
18,268
670
18,938
16.203
Totsl èxpèndlture
18,268
670
18,938
16,203
Net gains 11105sesl on investments
627
627
18821
Net income I lexpenditurel
11,8061
2,450
644
2,116
Transfers between funds
Net movement in fund5
11,8061
2,450
644
2,116
Reconclllatlon of funds..
Funds brought forward
186,360
64,384
250,744
248,628
Total funds carrled forward
184,554
66,834
251,388
250.744
All income and expenditure derlve from continuing actbvities.
The statément of financial activitie5 includés all gains and losses re¢ognlsed during the year.

Thg Askrigg Foundatlon
Balance Sheet
Year Ended 31•t December 2023
2023
2022
Note
Fixed assets
Tangible a55ets
342,679
349,932
342,679
349,932
Current a55ets
Debtors
Investments
Cash at bank and In hand
io
li
82
7.332
12,4Q13
73
6,705
22,819
19,817
29,597
Credltor5: 3mounts fallinz due wlthln one year
12
13.1921
119,8561
Net turrent assets I Iliabllitlesl
16,625
9,741
Total assets less current Ilabilities
359,304
359,673
Credltors.. amounts falllng due after more than one year
13
1107,9161
1108,9291
Net assets / Illabilitiesl
251,388
250.744
Charlty Funds
Restricted funds
Unrestricted funds
14
14
66.834
184.5S4
64,384
186,360
Total charlty fund5
14
251,388
250,744
The financial statements were approved and authorised for issue by the Board.
Signed on behalf of the board of the Trustees
Mr5 E Fawcett, Chairperson. Trustee
Mrs G J Anderson, Trustee
2oz
The note5 on page5 8 to 16 form part of these financial Statements.

The Askrigg Foundation
Notes to the Financial Statements
Year Ended 31st Docember 2023
Summary of 518nificant accountlng policies
lal General informatlon and basls of preparation
The Askri88 Foundation is a Charitablè Incorporated Organisation in England. In the event of the ¢harity being
wound up, the trusteès have no liability to contribute to Its assets and have no personal responsibility for settling
its debts and liabilitiès. The contact address is given in the charity information on page l of these financial
staternent5.
The charity constltutes a publi¢ benefit entity as defined by FRS 102. The financlal statements have been
prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Irelarid issued in October 2019. the Financial Reporting Standarcl applicable in the
United Kirtgd¢m and Republic of Ireland IFRS 1021,the Charites Act 2011. and UK Generally Accepted Accounting
Practice.
The financial statement5 have been prepared to give a 'true and fairf view and have departed from the Charities
(Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This
departure has involved following the Accounting and Reporting by Ch3rities'. Statement of Recommended
Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting bv
Charitie5.' Statement of Recommended Practice effective from l April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention. modified
to Include certain items at fair value. The financial statements are presented in sterlin8 which 15 the functional
currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years p￿sented unless otherwise stated.
Ibl Funds
Unrestrlcted funds are available for use at the discretion of the trustees in furtherance of the 8eneral objectives
of the charity and which have not been designated for other purposes.
Designated funds cornprise unrestricted funds that have been set aside by the trustees for particular purposes.
The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in acctsrdance with specific restrictions imposed by donors or
which have been raised by the charity for particular purpose5. The cost of raising and administerin8 such funds
are charged against the specific fund. The aim and use of each restricted fvnd is set out in the notes to the
financial statements.
Itl lftctsme recognition
All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is leBallv
entitled to the income after any performance conditions have been met, the amount can be measured reliablv
and it is probable that the income will be received.

The Askrigg Foundation
Notes to the Financial Statements
Year Ended 31st December 2023
For donatic*ns to be recognised the charity will have beèn notified of the amountg and the settlement date In
writing. If there are conditions attached to the donation and this requires a level of performance before
entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of
those conditions is within the control of the Charity and it is probable that they will be fulfilled.
No amount is included in the flnancial statements for volunteer time in linè wlth the SORP.
Where practicable. gifts in kind donated for distributlon to the beneficiaries of the charity are included in stock
and donations in the financial 5tètements upon receipt. If it is imprarticable to assess the fair value at receipt or
if the costs to undertake such a valuation outweigh any benefits. then the fair value is retognised as a component
of donations when it Is distributed and an eqLilvalent amount recogni5ed as charitable expenditurè.
Gifts in kind donated for resale are included at fair value. being the expected proceèds from sale le5S the expected
costs of sale. Where estimating the falr value is practicable upon receipt it is recogni5ed in stock and 'lncome
from other trading activities.. Upon sale. the value of the stock 15 charged against 'lncome frorn other trading
activities. and the proceeds are recogni5ed as'lncome from other trading activities,. Where it 15 impracticable to
fair value the iterns due to the volume of low value items they are not Tecognised in the financial statements until
they are soSd. This income is recogni5ed within 'lncome from other trading activities,.
Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over
the life of the asset.
For legacies. entitlement 15 the èarlier of the charity being notified of an impendlng distribution or the legacv
being received. At this point income is recognised. On occasion legacies will be notified to the charity however
it is not possible to measure the amount expected to be distributed. On these occasions. the legary is treated as
contlngent asset and disclosed.
Income from trading activltles include5 income earned from fundraising events and trading activities to T315e
funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and
is recognised when entitlement has occurred.
Income from government and other grants are recognlsed at fair value when the charity has entitlement after
any performance conditions have been met, it is prob3ble that the income will be received and the amount can
be measured reliably. If entitlement is not met then these amounts are deferred.
Investment income is earned through holding assets for investment purposes such as shares and property. It
includes dividends, interest and rent. Where it is not practicable to identify investment management costs
incurred within a scheme with Tea50nable accuracy the investment income 15 reported net of these costs. It is
included when the amount can be measured reliably. Interest income 15 recognlsed using the effective interest
method and dividend and rent income Is recognised a5 the charitvs right to receive payment is established.
Other income include5 the conversion of endowment funds Into income which arlses when capital funds are
released to an income fund from expendable endowments or when a charity has authority to 3dopt a total return
approach to its permanent endowment fund. It also includes other income such as gains on disposals of tangible
fixed a55et5.

The Askrigg Foundation
Notes to the Financial Statements
Year Ended 31" December 2023
Idl Expenditure retognition
All expenditure is accounted for on an accrua15 basis and has been cla55ified under headings that aggregate all
costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make
payments to third parties, it is probable that the settlement will be required and the amount of the obligation
can be measured reliably. It is categori5ed under the following headings.,
Costs of raising funds-
Expenditure on charitable activitie5,'
Overheads & administrative costs
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Grants payable to third p3rties are within the ch3rit3ble objectives. Where unconditional grants are offered, thi5
is accrued as soon a5 the recipient is notified of the grant. as this gives rise to a reasonable expectation that the
recipient will receive the grants. Where grants are conditional relating to performance then the grant is only
accrued when any unfulfilled conditions are outslde of the control of the charity.
lel Tanglble fixed assets
Tangible fixed assets are stated at cost lor deemed ctsstl or valvation less accumulated depreciation and
accumulated impairment losse5. Cost includes costs directly attributable to making the asset capable of
operating as intended.
Assets under construction are depreciated when they are brought into use.
Depreciation is provided on all tangible fixed assets. at réte5 calculated to write off the cost. le55 estimated
residual value, of each asset on a systematic basi5 over its expected useful life as follows..
Freehold buildings
Fixtures and fittings
2% straight line
25% reducing balanee
In Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction
Costs. Subsequently, they are measured at fair value with changes recognised in 'net gain5 111055esl on
investments, in the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliablv.
Other investments are measured at cost less impairment.
Current asset investments are short term highly liquid investment5 and are held at fair value. These include cash
on deposit and cash equivalents with a maturity of less than one year.
Igl Dèbtors and credltors receivable I payable withln one year
Debtors and creditors with no stated interest rate and receivable or p3yable within one year are recorded at
transaction price. Any10sse5 arising from impairment are reco8ni5ed in expenditure.
io

The Askrigg Foundation
Ngtes to the Financlal Statements
Year Ended 31°, December 2023
Ihl L03ns and borrowings
Loans and borrowings are initially recognised at the transaction prlce Including tran53Ction Costs.
til Impalrment
Assets not measured at fair value are reviewed for any indlcatlon that the asset may be Impaired at each balance
Sheet date. If such indication exists, the recoverable amount of the a55et, or the asset's cash generating unit. is
estimated and cornpared to the carrying amount. Where the carrying amount exceeds its recoverable amount,
n irnpairment 1055 15 recognised in profit or loss unless the asset 15 C3rried at a revalued amount where the
impairment loss is a revaluation decrease.
Ikl Provislons
Provlslons are recognised when the charity has an obligation at the balance Sheet date as a result of a past event.
it 15 probable that an outflow of economic benefit5 will be required in settlement and the amount can be reliably
estimated.
111 Lease5
A55etS 3cquired under finan¢e leases are capitalised and depreclated over the shorter of the leèse term and the
expected useful Ilfe of the asset. Minimum lease payment5 are apportioned between the finance charge and the
reduction of the outstandin8 lease liability uslng the effective interest rnethod. The related obligations. net of
future finance chargès. are included in creditors.
Rentals payable and receivable under operating lease5 are charged to the SOFA on a straight line basis over the
period of the lease.
The charity 15 an exempt charity withir? the meaning of schedule 3 of the Charities Act 2011 and Is considered to
pass the tests Set out in Paragraph I Schedule 6 Finance Art 2010 and therefore it meets the deflnition of
charitable company ftsr UK corporation tax purposes.
Inl Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material
uncertainties exist. The trustees have considered the level of fund5 held and the expected level of income and
expenditure for 12 months from authorising these financlal statements. The budgeted income and expenditure
is sufficient with the level of reserves for the charity to be able to continue a5 a going concern.
Property Income
2023
2022
Commercial unit
Residential unit
4.200
14,510
4,200
13,142
18,710
17,342
li

The Askrigg Foundation
Notes to the Financial Statements
Year Ended 31" December 2023
Income from donations and legatles
2023
2022
Donations
24
24
24
24
No restrictions were applied to the above donations.
Income from Investments
2023
2022
Dividends
Bank interest
201
20
201
19
221
220
Income from investments was £22112022 £2201 E210 of which wa5 attributable to restrirted reserves
Grant Income
No grant income was received during the year.
Trustees, and key management personnel remuneration and expenses
The trustees neither received nor walved any remuneration d￿rIng the year.
Interest payable and similar expenses
2023
2022
The Charity Bank- mortgage interest
8.783
6.043
8,783
6,043
12

The Askrigg Foundation
Notes to the Financial Statements
Year Ended 31" December 2023
Overhead & admlnlstration costs
Restricted
funds
Unrestricted
funds
2Q23
2022
Light & heat
Repairs & renewa15
Insurance
Accountancy & examiner5 fees
Legal & professional fees
Bank charges
Mortgage interest
Depreciation
Sundry
12
317
ios
170
20
14
36
1.059
352
570
65
46
8,783
7.253
104
18,268
48
1,376
457
740
85
60
8,783
7.253
136
18,938
iiooi
1,121
410
770
150
87
6,043
7,253
469
16,203
171
32
670
Tangible fixed assets
Land and
buildings
Total
Cost or valuation..
At I" january 2023
Addition5
Disposals
362,624
362.624
At 31" December 2023
362.624
362,624
Depreciation..
At 1st January 2023
Charge for the year
Elimin3ted on disposals
At 3151 December 2023
12,692
7,253
12,692
7,253
19,945
19.945
Net botsk value:
At 31" December 2023
342,679
342,679
At 31" December 2022
349,932
349,932
The Freehold land & buildings, kriown as Askri88 House, Main Street have been pledged as security for the
mortgage borrowings. The propertywas converted into affordable comrnunity led houslng, which wa5 completed
in March 2021. The properties have a post development value of £350,000 - £360,000, the value being
diminished by a section 106 local occupancy restriction. The properties are insured for a rebuild Sum of £814,516
12022.. £743,8501.
13

The Askrigg Foundation
Notes to the Financial Statements
5t
Year Ended 31 December 2023
io
Debtors
2023
2022
Prepayments
li
Investments
2023
2022
Other investments- COIF Income Units
7,332
6,705
7,332
6,705
The fair value of listed investments is determined by the bid price at the balance sheet date.
12
Credltor5: amounts falllng duè wtthln one year
2023
2022
B3nk mortgage
Trade creditors
Accrua15
Rent received in advance
1,764
17,572
936
950
398
1,030
398
3,192
19,856
The mortgage is secured by a charge over the property owned by the charity.
13
Creditors.. amounts falling due after more than one year
2023
2022
Bank mortgage
107.916
108.929
107,916
108.929
The mortgage 15 secured by a charge over the property owned by the charity.
14

The Askrigg Foundatlon
Notes to the Financlal Statements
Year Ended 3181 December 2023
14
Fund reconclliatlon
Balance at
Gains /
Ilossesl
Balance at
31,
December
2023
Income
Expenditure Transfers
January
2023
Unrestricted funds
Restricted bursary fund5
186,360
64.384
16,462
2,493
118,2681
16701
184,554
66,834
627
250,744
18.955
118,9381
627
251,388
Fund descri
tions
al Unrestrlcted fvnd5
Unrestricted are unrestricted and can be used at the Trustees discretion in the furtherance of the charities
objectives.
bl Re5trittèd bursary fund
The bursèry funds were origlnally raised by Malcolm Stonestreet. vicar of Askrigg. The funds were Tai5ed to
support visit5 to Low Mill through bursaries for disadvantaged children.
15
Analysis of net assets betweèn funds
Unrestricted
funds
2023
Restricted
fund5
2023
Total
2023
Fixed assets
Debtors
Investments
Cash at bank
Creditors within one year
Creditors after one year
288,917
82
53,762
342,679
82
7,332
12,403
13,1681
1107,9401
7,332
5,740
6,663
13,1681
1107.9401
Total
184,554
66,834
251,388
15

The Askrigg Foundation
Notes to the Financial Statements
Year Ended 31¥t December 2023
Unrestrlcted
fund5
2022
Restricted
funds
2022
Total
2022
Fixed assets
Debtors
Investments
Cash 3t bank
Creditors within one year
Creditors after one year
296,170
73
53,762
349.932
73
6,705
22,819
119,8561
1108,9291
6,705
3,917
18.902
119,8561
1108,9291
Total
186,360
64,384
250,744
16
Related party transactlons
There are no related party transactions during the period or the comparative period.
16