THE YORK ORATORY TRUST (CIO) REGISTERED CHARITY NUMBER 1187865 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THEYORK ORATORYTRUST (CIO) ConteDts Legal and Administrative Inforn)ation Page 3 TNstees' Report Pages 4-7 Independent Examiner's Report Page 8 Statement of Financial Activities Page 9 Ba12te Sheet Page 10 Notes to the Accounts Pages 11-14
THE YORK ORATORYTRUST (CIO) Legal and Administrative informatlOD Registered Charity nUrnr 1187865 Date of registration I l February 2020 Charity address Pelergate House I l High Petergate Yo YOI 7EN Trustees The Very Reverend Richard Duffield {Ch&ir) FT Daniel Seward Fr Stephen Brown Br David Chadwick Bankers Natwest 3 Westborough Scarborough YOI IUH Independent examiner MrN.C. Everard B.A., F.C.A. Hunter Gee Holroyd. Chartered Accountants Club Chambers Museum Street York YOI 7DN
THEYORK ORATORYTRUST (CIO) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31" DECEMBER 2023 The Trnst¢e5 present their report ¥nd th¢ financial statements of the Charity for the year ended 3 1st December 2023. The Trustee5 have adopted the provisions of ihe Statement of Recommended Practice (SORPI"Accounting and Reporting by Charities" (FRS 102), in preparing the annual report and financial statements of the Ctwity. PRINCIPAL ADDRESS The Charity's principal address is I I, High Petergate, York. YOI 7EN TRUSTEES The Trust¢e5 at the date of this r¢port wer¢.. Fr Richard Duffield (Chair) Fr Daniel Seward Fr Stephen Brown Br David Chadwick All these Tru5te¢5 served throughout the year and to the date of this report. BANKERS National Westminster Bank 3 Westborough, Scarborough YOI I IUH SOLICITORS For questions relating to Property. Finance and Charity Law the Chartty's Solicitors are Lupton Fawcett of Stamford House, Plad]lly, York YOI 9PP. INDEPENDENT EXAMINER Hunter Gee Holroyd Club Chambers Museum Street York. YOI 7DN STRUCTURE, GOVERNANCE AND MANAGEMENT Legal Status The Charity was established under a Trust tked dated I l February, 2020. It w&$ registered Ls a CIO on 20 February, 2020. The Charity Number is 1187865
THE YORK ORATORYTRUST ICIO) Governallce New Trustees are appointed by existing Trusiees. The Truste¢s are appointed from among the voting members of the General Congregation of the York Oratory which 15 the gov¢ming body of the Congregation of the Oratory of St Philip Neri in York ID Roman Catholic porticulwT law. The TTUStees themselves responsible for the day to day running of the charity und¢r lh¢ leadership of the Provost of the York Oratory, Fr Richard Duffield, who is also ex offlicio Chair of the Trustees. Cl¢rgy stip¢nds of th¢ Trustees are set according to the provisions made in the Particular Stamtes of the Congregation of the Oratory of St Philip Neri in York. Clergy receive a stipend according to their need and not exceeding the arnount agreed for elergy salaries by the Trustees of the Roman Catholic Diocese of MiddlesbTough in whi¢h we work. This 15 reflected in the York Oratory Trust (CIO) governing document. Risk Management The TNstees have a risk management strategy based on the risk management strategy of the Diocese in which we work. This involves an atUal review of the iisks the Charity may face and the establishment of systems and procedures to mitigate those risks. and the impletnentation of procedures to mitigate any potential impact on the Charity should those risks materialise. The TNstees consider that the Charity's main risks aTe thos¢ woci*¢d with fin8n¢ial 511Stainability, Safeguarding. legislative compliance. and buildings. Objeetive$ and Activities The Charity exists for the benefit of the publi¢. the advancement of the Roman Catholic religion in England and particularly in, or in the vieinity of, the ¢ity of York and the county of North Yorkshire by, but not limited to, the provision (>f religious services and pastoral eare in the region. The York Oratory Trust {CIO) was founded to support a religious eotnmunity, th¢ Congregation of the OOry of St Philip Neri in York, which was invited to undertake religious and pastoral work in th¢ City of York and its vicinity by the Bishop of Middlesbrough, the Roman Catholic Diocese in which it works. In addition to providing th¢ Diocese with the religious arLd pastoral services required by a parish. the CongregaÉion of the Ordtory also undertak¢s other a¢tivities particular to its tradition. The Charity's objectives and activities fall under the following broad headings.. Religious and Spiritual Activilies Pastoral Activities Social ActlVEties Cuiturdl Activities & Church Music
THE YORKORATORY TRUST ICIO ACHIEVEMENTS AND PERFORMANCE Religious and Spirltu81 A¢tivities The main activity of the Chjrity is to provide Liturgy and Worship aecording to Rornan Catholic Tlte5 in the parishes aThJ ehapels entrusted to us by the Diocese of Middlesbrough. St Wilfrid's Church, St Joseph's Church and the Shrine of St Margaret Clitherow in the Shambles. We also do this for the Chaplaincy of th¢ University of York. in our Primary School and for a local religious community. We have two daily Masses in Si Wilfrid's Church and six mae5 (with two other sung services) every Sunday across all the Churches and Chapels entnJst¢d to us. The paTi5hes- especially St Wilfrid's- have a large number of Baptisms, Weddings and FuneJ71s. All the trustees and the other member5 of the York Oratory Community {including porishioners) are involved in giving spiritual talks for a wide variety of diffeTent audiences in the City of York and further afield. The"Talking Heads" Bible Study talk5 3re repeated twiee ¢ach week and are made available online. There are regular talk5 every Sunday afternoon for most of the year on Christian ArL Poetry and Church music. There are cl&sses in Latin, Church Music and. according io dernand, in New Testament Gr¢ek. These are all well-attended. attracting up to IhErty people. Many of the Trustees aAd Members of ihe Oratorian Community are engaged in giving spiritual retreats. conferences and lectures, both in the city of York and fillther afield. We also provide spiritual dire¢tion and counselling for a large number of individuals. Past(trral Activitie5 The Parish ha5 the care of a Catholic Primary School for which the community provides chaplaincy and governance. There is extensive parish visiting for the lonely and housebound. both by members of the ctsrnmunity and by parishioners CO•ordinated by the Parish Priest. The community also provides a Chaplain to the University of York who provides a servi¢e for ih¢ Roman Catholic students and also who also works eollaboratively with Anglican and Methodist colleagues in an E¢uTneni¢al Covenant. Priest member5 of the Oratorian Comtnunity take their tum in providing chaplaincy serviees in the York hospita] and for religious communities in the district. Social Aetivities Together with the Trussell Trust we run a weekly F(M)d Bank in St Joseph's Parish. There are also two groups of parishioners who provide relief for povety through the Society of St Vin¢¢nt de Paul. Cultsr*l Activities And chreh Musi The Charity runs two choits, one semi-prof¢ssional and one amateur. who sing at the tnain s¢rvice5 on Sundays. Apart from providirtg [nsiC for services the Drrector of Music is also charged with musical formation of pari5hion¢rs across all our parishes. The choirs also give5 sacred ¢on¢erts. called Musical Oratories. on a regular basi5. The Charity is responsible for thre¢ listed buildings, St Wilfrid's Church, Petergat¢ House and the Shrine of St Margaret Clitherow in the Shambles. Plans for th¢ Future Restoration of the interior of St Joseph's Church. Developing the property on High Petergate to provide accommodation for the community or for income fot the Charity. (kd¢r of Malta Group for Sla] events ft)r the elderly and lonely.
THE YORKORATORYTRUST ICIO) Reserves Policy The Trustees have set a level of unrestricted or 'free' reserves thai th¢ Charity ne¢ds to have to bridge any shortfall behveen future income and expenditure levels (particularly in relation to increased utility bills and church fabric repair5 costs) ai a level of £250.000 which equates to approximately 12 months running eo$ts. Th¢ totAI unrestricted reserves a¢ 3 1st December were above this level at a total 01£344.005. The Trustees are conscious ofgignificant capital works revealed by the last Quinquennial Report on the Condition of the Property. and that cost of living pressures are likely to increase. Investment Policy The trustees are aware of a n¢ed to develop an investment policy for the future and to avoid keeping more liquidity in curr¢nt accounts than we need. We have opened an interest bearing wcount and will look at ways of establishing an investtnent fvnd governed by policies consistent with the Catholi¢ Faith. Volunteers We recruit and train volunteers to help us meet different demands of our charitsble objective$ including administration. pastoral supporL education and the maintenance of the church buildings and their eontents. We have thirty regular volunteers. Flnantixl Revie)v The Charity's main expenses are th¢ maintenance of our property. the support of the clergy who, together with volunt¢er5. undertake rnost of the work foT the ¢harity's objectives; and the training of new clergy to do this work in the thture. The inC0e cornes frorn the donalioD5 of those who come to our churches. some rental income, and grants from charities which support the training of cler8y. The charity incutTed an operating loss in the year on unrestricted activities of £14,724 and also received a legacy of £184,638 resulting in a net income for the year of £169.914. The total reserves at 3 1st D#¢mber 2023 increased to £348.011 (2022 £174,091 } StatemeDt of Trvstets, Responsibilities The Trustees are responsible for preparing th¢ Trustee5' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Praclic¢). The law applicable to charities in England and Wale5 requiT¢S th¢ Trustees to prepare financial statements foreach financial year which give a true and fair view of the state of affairs of the charity and of the incom¢ and ¢xp¢nditure of the charity for that period. In preparing these financial statementy the Trustees are required to= sel¢ct 5Uitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting Standards have been followed. subject to any material departure5 disclosed and explained in the financial stateTnent5' and prepare the financial statements on the going ¢onc¢m basis unless it is inappropriate to presutne that the charity will continue in business. The Trust¢e5 are re5ponsibl¢ for keeping sufficient accoLmting records that disc105e wsth reasonable ac¢ur3cy at any time the financial p051tion of the charity and enable them to ensure that the flnancial Statements comply with the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They ar¢ also reswnsible for safeguarding the &ssets gf the ¢harity and hence for taking reasonable steps for the prevention and detection of fraud and oth¢r irregularities. Approved by the TNsttts on 14th October 2024 and signed on their behalf by.. ly. rt.rfty24 V. Rev. Richard DutTield Provost & Chairof Trnstee5
THE YORK ORATORYTRUST ICIO) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFTHE YORK ORATORY TRUST (CIO) I report to the trustees on my examination of the financial statements of The York Oratory Trus1 (CIO) (the Charity) for the year ended 31 December 2023. Responsibili¢ies and basis of report As the tStee$ of the charity, you are responsible for the preparation of the financial statements in #e¢ordan¢¢ with the requiieTnents of the Charities Aet 2011 (the 2011 Act). I report in resp1 of my examination of th¢ ¢harity's financial statemenis carried out under section 145 of the 2011 A¢t. In carrying out my examination I have follow all the applicable Directions given by the Charity ComMil0 under section 14515)(b) of the 201 l Act. Indendetht ex4miner's statetnent I have complcted my examination. I confirm ihai no maLtrrs have corne to my attention in connection with the examination givin8 mc Cause lo Irlieve ihat in any material respecL'. Accounting rewrds were not kept in resp¢¢t of the charity as required by section 130 of the 2011 Act,. or the financial stst¢ments do not accord with th05¢ record5. or the financial statements do not comply with the applicable requirement5 conceming the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that th¢ a¢¢ounts give true and fair view which is not a m2tt¢r Considered as part of an independent examination. Ihav o concems and have come across no other Tnatters in connection with the examinaiion to which attention should be n in this report in order to enable a proper understanding of the financial statements to be reached. C Everard BA FCA Gee Holroyd Club Chambers Museum Street York YOI 7DN Dated.. 28111 October 2024
THEYORK ORATORYTRUST (CIO) Statement of FiD8Deial Acttvities {intluding income and expenditure *ccount) for the year ended 31 December 2023 Unre5tri¢ted Funds Restricted Funds Total Total 2023 2023 2023 2022 Income from: Nole 4 (as restated) VoluTrtary income Donations and giving Legacies Oxford Oratory Training grant 164,491 184,638 164.491 184,638 146,220 19,958 14,500 145(lJ Generated income Diocesan contribution Mass stipends and stole ftes 26,715 13,642 26,715 13,642 19,658 6,979 Rental inc¢)me 25,620 25,620 25,786 Cther income 11,153 10,228 21,381 11,953 Total ineorne 426,259 24.728 4SO,987 231,798 Expetsditure on: Charitable Attivities Administration and offt¢e costs Church, liturgical and pastoral Community allowances Household expens¢s Propety exp¢n5es Cler8y training Utilities & insurance Website and IT consultaney Other expenditure 14.584 103,680 19,240 51,948 15,978 14,584 103,080 19,240 Sl.948 15.978 10.494 41,507 2,645 16.991 10,133 72,948 23,314 42,401 27.092 9,IfA) 49,870 16I37 7,705 10.494 41,507 2,645 6,763 10.228 Tot41 expenditure Nrte3 256,345 20,722 277,067 259,460 r4et ID¢om¢l{¢xpenditure) for the year 169,914 4.(M)6 173,920 {27,062) R¢fonf iliation of funds Funds brought fon¥ard at l January 2023 174.091 174,091 201,753 Funds carried forward at 31 December 2023 344,005 348,011 174,091 Th¢ statement of financial activities includes all gains and losses recognised in the year. All income and expendittre derive from continuing activities.
THEYOIIK ORATORY TRUST (CIO) Balance Sheet as At 31 December 2013 Notes 2023 2022 (as re5taled) Current #sstts Cash at bank and in hand 362,025 181,824 Liabilities Creditors.. amounts falling due within one year Net current a&sets 348,011 174,091 Total net •ss¢ts 348011 174091 Funds: Restricted funds 4,006 U[eStricted funds 344,005 174,091 Total fiDds 348011 174091 The financial statements were approved by th¢ TTh$tees on 14, October 2024 and signed on their behalf by.. V. Rev. Richard Duffield Provost & Ch4ir of Trustees 10
THE YORKORATORYTRUST (CIO NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l. stalennt of accounting policies Charity iDforrnation The York Oratory Trust is a Charitable Incorporated Organisation. Basis of preparAtio The fll)ancial statetnents have been prepared in ac¢ordance with the charity's governing document. the Charities Aet 2011, FRS 102 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wsth th¢ FinaD¢ial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102)" (effective l January 2019}. The ¢harity is a Public Benefit Entity as defined by FRS 102. The charity ha5 taken advantsge of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statelnent of Cash Flows. The fjnancial statem¢n15 have prepared on a going concern basis under the historical cost eonvention. The principal accounting p(Trlicies adopted are set out below. Basis of gc£ounting The financial statements are prepared on an accruals basis to include the restatement of the previous year on ¢his basis (previously prepared on a receipts and payments basis}. Going CODcern At the tne of appryTrving the financial statements, the trustees have a reasotmble expeetation that the eharity ha5 adequate resources to continue in op¢rational existence for the foreseeable fikn. Thus, the trustees continue to adopt the going concern basis (Trf accounting in preparing the flln¢la[ statements. Income Income is recognised when the Charity is legally entitled to the incom¢, th¢ amount can be measured reliably, and it is probable that income will be received. Church collections are recognised when received by the eharity. Other donations are recognised once the charity has been notified of the donation. unless perfomjance conditiOll5 require d¢f¢rral of the amount. Income tax recoverable in relation to donations received under Gift Aid L5 recognised when agreed by the R¢venue. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known. and receipt is expected. Resources expettded Liabilities are re¢o8Rised as expcnditure as soon &s ther¢ is a legal or consttuctive obligation committing the charity to thai expenditure. it is probable that Settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrua15 basis. All expenses including supwrt costs and govemance costs are allocated or apportioned to the applicable expenditure headings. Irrecovernble VAT is charged against the expenditure heading for which it was incurred. Gov¢rnan¢¢ costs include those costs associated with meeting the public accountsbility of th¢ charity and its ¢ompliance with regulation and good practice including costs relating to the Independent Examination.
THEYORK ORATORYTRUST (CIO) Fund Accounting Unrestricted funds are available for use at the dis¢retion of the Trustees in fijrtheranee of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted fiujds that have been set aside by the Tru$t¢es for particular purpose5. Restricted funds are fwjds which are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the Charity for particular purposes. The cost of Taising and administering such funds are charged against the specific fid. The and use of each restricted fund is set out in the notes to the financial ststements. TA10 The charity is An exempt charity within the meaning of schedule 3 of the Charities Act 201 l and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Aot 2010 and therefore it meets the definition of a eharitable company for UK corporation tsx purposes. 2. Creditor5: 4mounts falllng due With1 one year 2023 2022 (as restated) Accruals and deferred in¢om¢ 14,014 7,733 3. Analysis of txpenditurn on ehrit*ble attivities Direct costs Support costs Total 2023 Total 2022 Religious adivities 255 777 277 067 259 460 DiT¢Ct costs Church. liturgical and pastoral Community allowances Household expenses Property expenses Clergy training Utilities and insuranc¢ Other ¢XPeTKliture 103,680 19,240 51,948 15,978 10.494 41.507 72,948 23,314 42,401 27,092 9,160 49,870 255 777 231770 rt costs Administration and office costs Website and IT consultancy Bank charges Govemance 15,784 2,645 1.781 1.080 10,853 16,837 21 Tot&1 259 460 12
THE YORK ORATORYTRUST (CIO) All support costs relate to charitsble a¢tivities. Expenditure on ¢haritable activities was £277,067 {2022 £259,460} of which £256.345 was unrestricted (2022 £256,460) and £20.722 restri¢led (2022 £3,000) Governance costs are Independent Exalniners Fees of £1,080 JL Funds Balance at 1.1.23 Income Expenditure Balance at 31.12.23 Restricted G¢n¢ral fidS Priests, training 14,500 (10,494) 4,006 Trip fund 7249 (7.249) Special collections For third pty charities 2,979 (2.979) 24.728 {20.722) 4,006 Unrestricted fijnds General fimd 174,091 426259 {256,3451 344,005 Total fijnds 174,091 450,987 {277,067) 348.011 The Pri¢sts' Tr*ining Fund is in respect of donations received and expenditure on cler8y education. The Charity also has a bell tOW¢T maintenance fund which is a restricted fund with a balance at 3151 December 2023 of £2,815 which has not b¢en consolidated within the financial statements. The income in the year was £3,973 and expenditur¢ w&$ £2,592. AalYSiS of net assets behve¢n funds Fumd balances •t 31" December 2023 are represented by: Unrestricted fid5 Restricied fimds Total funds CutTent assets Cuent liabilities 355,922 (11,917) 6,103 (2,097) 362.025 (14,014) Total net assets 344 005 348 Fund balaDees at 31° D¢tember 2022 art represented by". Current assets Current liabilities 181.824 (7.733) 181,824 {7,733) 74 13
THEYORK ORATORYTRUST ICIO) 6. Comrnitrnents under operdting leases Operating leases As at 3 IA December 2023 the total of the charity's future minimum lease payments under non-eon¢ellable operating leases was 2023 2022 Amounts due within one year 3,470 Amounts du¢ between one and five years 9,022 7. Trnste¢5' and key maDagement personnel remulleration and eipenses The following Trustees received allowances for religious duties perfottned during the year.. 2023 2022 Fr Richard Duffield Fr Stephen Brown Fr Daniel Seward Br David Chadwick 3,488 3,488 3,488 3,488 3,488 3.488 3.488 3,488 The clergy membus listed above are considered to be ihe charity's key management personnel. 8. Relgted party tr#nsactlQDS There were no related party transaetioTrs during the year other than those describ¢d in Note 7 above. 14