THE YORK ORATORY TRUST (CIO) REGISTERED CHARITY NUMBER 1187865 ANNUAL REPORT AND FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 31 DECEMBER 2024
THE YORKORATORY TRUST ICIO) Contents Trust¢es' Report Pa8es 3 Indcpcndent Examiner's Rtport Page 7 Staternent of Fuianciql ActivitK$ Page 8 Balance Shcet Page 9 Notes to the Accounts l¥gts 10-14
THE YOIiKORATORY TRUSTICIOI REPORT OF THE TRiJsfEES FOR THE YEAR ENDING 31I1DECEMBER 21124 The TDJStces present theirreport and the fJoanc&al staiem¢lliS of the Cbarity forthe yearended 3 1st Decernb¢r2024. Th¢ TN5tees have adopted the provisions of the Siatemetht of Recotnmended Practice ISORP)"Accountin8 and Reportingby Cbaritie<' (FRS 102). iD prepaiin8 the atsnual report and fioancial stst¢entS tsf the Chaiity. PIUNCIPAL ADDRE&8 The Charity'$ prin¢ipal addtyss is: Petewdte Hous¢ I l. Hiuh Petete. YO Yol 7EN TRUSTEES The Very Revemd RKh4rd Thr[Id (Chiir) Rev. Daniel Seward Rev. Stephen Bro Rev. DavMI Chadwi¢k AJI these TDJ5teCS served thtougbout th¢ year and to the date of this ffpon. National WestminsterBank 3 Westborough, Scatborough YOII IUH INDEPEf4DENf EXAMINER HunterGee Ho]toyd Club Chamb5 Museutts Street YO YOI 7DN STRucfuRE, (X>VERf4ANCE AJ4D MANAGEMENr Legal S¥tu The Charity estsbiished under a Ttust Deed dated I Ilh FebTuary. 2020. It wa5 TEgistered as a CIO on 201h February. 2020. The Chariry Numbei i% 1187865. Gtsvernan¢e New Trnstees are appoinred by existiDgTrnstees. The TnE5tees are appointed from amon8 the votingmembeT5 of the G¢netal CoTLgrrgation of the Yolk Ordtory is th¢ )verning btsdy of the Congrc8atK>n of the Oratory of St Phthp Neri iti YO in RomaD Catholi¢ part1¢ur Jaw. The Twstees themselves SpOnsI1> for the day ts) day EtmDingof the charity uttderth¢ kad¢Trhip of the Provost of the York Ordtory. presentty. Fr RichaA4 ThJffw]d, who is also e¥ officio Chair of tbe Trust¢es. The TTUStee5 rneet once a month foiordÉnary busine$8 genern]ty OD Èb¢ f$¢ Motsday of tb¢ motsth, attd as TrqurEd for extraOlary Matte titIg to the cbarity. TheJE is a fsnancccommitte¢,oppointed byth¢Tru$iees froTh >rnongthe charity's supporter5, and madc up of memb¢rs wiih relevant experience and alway$ includinga memberwith expertise in finance. This com7nittee tneets quarterty. Thc Trustees themsetve5 are obii8cd to attend ¥ll]aTtralinspTh?vCd by the Diocese of MdItsbllg iti saf¢guardsn he<h andbafeiy,d¢iia PTDteclion and th¢CaOf hAoric buikiing5. Since all thcTrnstees bve underthesameroof andatt alt the m¢¢tings, any furth¢ixEkvallt trai5[1¥ is done Ioub the Eegular¢etln of the Tste¢S.
THEYORKORATORY TRUST (CIO REPORT OF THE TRUSTEES (Contijkued) FOR THE YEAR ENDILYC JI'DECEMBER 2024 C]tr8y Stycnds of thc TrusteC5 arc set accoTdingto the provisions made in ¢h¢ Particlllar Statutes of the COe8atIOn of th e Oratory of St Pbitsp Neri in York. Clergy receiv¢ a stipend aceordingto th¢it need attd not exceedrngthc autount 2greed for cl¢r8y sa&ries by the Trustees of the Roman Catholic Dmycese of Middlesbmugh in which we work. This is r¢fftct¢d in the YO Otatory Trust (CIO) 8overnillg dorum¢nt. RSsk MA¥gement The Trustee5 hav¢ a ii%k managem•)t strntesy based on th¢ mana8emcnl stratcgy of the DK>cese in whKh we WOTk. This involve5 aJJ anllual TevKw of the Ji5k$ ih¢ Charity may face and the estabtishment of systems and procedures to Tllitiwdt¢ those iisks, and ihe tmpl¢mentation of procedutes to mitigat¢ any potential llnpact on the Cbariiy should those risks mateKialis¢. Th¢ Trnstees ¢ousiderthat the ChaIity's main risks a those asSOCited with fman¢ial sust&nabi]ity. s•fe8uardill& Jegi4]ative compliaDce. buildings. Objectiwes Aclivities The CharityCXi51s forthc benefittsf the publtc. thc advanc¢ent of the Roman Catholic TEligK)n in En8knnd and partttuhdy itt. orin the VieitY of. thc city of York and the county of North Yoth$hite by. but not limited to, th¢ provision of lIOU$ Se1¢¢$ alld pa$tornl ¢are in ihe rewn. The YO Ornttsry TFu$t (CIO) was founded to suppoff a reliOuS comrnunity the COnegatIon of the Ordtory of Si Phibp Neri DI yo, whh was invited to undertake pastordl work in ihe Ciiy of York and its vicffjiity by the Bi8hop of Middlesbrough. the Roman Catholic DK)¢csc in which it wotks. In addilK)n to providing the Diocese with the telloU$ nd pa.%tornl services required by a pari¥h. the cOngli0n of th¢ OJaiory undertake5 Otheraciivikies particular to its own tradition. Th¢ Charity's obj¢Gtiv¢s and activitie$ fall underthe follow¥Lg bJK)ad heading5= Rcligtous and Spirttual ActÈvi¢ie$ Pastoral ActivÉtics Social Activities Cu5iurdl Activitie5 & Chuwh Mus ACHIEVEMEFUS AND PERFORMANCE Religious and SpiritsJl Activiti¢y The main activty of the Charity isio provxl¢ Liturgy and Wothjp accordinglo Roman cathol rites in thc paTishes and chapets enlTU51¢d to u$ by th¥ Diocese of Middksbrtjugh, St Wilfrid'5 ChuT¢h, St Joseph's Church alld th¢ Shrine of Si MawaTrt ClitheTOW in th¢ Shambles. W¢ also do this foT the Chaplalljcy of the Univernity of YoTk, our Primary School and for a kb¢al ligIoUS community. Wc have two daty Ma$5es itk St Wi]fiid'$ Church and six Mas5¢s (with iwo other sung setvrcesl every Sunday a¢ross all th¢ Cbutrh¢5 and ChapeL% ¢nltust¢d to us. The parisbc5- especially St wdrtid's- havc a la numberof Baptrns. weddg5 and Fllnerals. AU Èhe trnstec¥ and ihe OtheTMembe of the YO Orntory Community lincludiThg parishioners) are inYofv¢d in giving spiritual taVk5 for a wide variety ofdtfferent audicnccs th¢ City of York and furthcrafld. The"TalkingT4eads" BiTr>]e Study taJk5 are w?e8ted twice each week and aTe made &Va&b onlille. Thcte Y¢guLirta]ks every Sunday at'ternoon for In05t of th¢ yettron Chrislian Art, Poctry and chh inustc. There ar¢ c$S¢S in Laiin, Church Mu51¢ and, according lo de4d. in New T¢stam¢ut Greek. These ate all well4llended,attrdCtiugup to Lhiriy peopk. Many of the Tn]stecs and M¢mb¢rs of the Oratorian Communiiy a engged in givingspiritual retT¢at5, confrt¢S and lectures. both tn the cty of YO and furtber afield. We abo provMl¢ $ptrttualdltcctll and counsc]lin8 foia large numb¢r of individuais. Pa51orl A¢tiviti¢s The Pdnsh has the care of a Catholic Primary S¢hool for which the community provide5 chapknincy and govctnaRCC. The is exiensive parish visiting for the lonely and hou$ebound. both by memb¢]s of tbc community and by paTr8hK>ner5 Co-ordinaicd by th¢ PaTi%h Prir$t.
THE YORKORATORY TRUST (CIO) REPORT OF THE TRUSTEES (ContlTrued) FOR THE YEAR ENDING 31"DECEMBER 2024 Th¢ communty also provides a Chap]ain the Univetsiry of YO provid¢$ a servKe forthe liornan Cathobc students and also who also wo5 collabordtivety wtth Ang]ioan and Metltodist colleagues in an ECumen81C0Vea[Lt. TrK5t mernbers of the Ordtorian Communtty tske theirturn in prOvLg¢hapIa1llcY services in the YO h05Pit&l and forreknwus COrnTnunitie5 in the district. Soel#l A¢dvltles Together wjth th¢ Trnss¢ll Trnst we a wcckty Food Bank St Josepb'5 Parish. Th¢ aw also two youps of parishioners who provid¢ r¢li¢f forpoverty through the So¢tety of St Vitscent d¢ PauL Cultural Aclivitie$ and Thr¢b Mu5it The Charity runs two choir5. one sem1-pressIonalaDd on¢ 8m8t¢ur, $tnget the main Serv¢S ort Suudays. Apart from providing music for servxe$ the DCtor of Music is also Charged musical fonnatn of pari5hion¢ts a¢TOSS allour par5sh¢s. Th¢ cboirs also gives saLred concejts, called Musical OratorK4 on 71 ttguL3rba$i5. Th¢ Charity is tEsponsibk forthT¢e listed buildings, St Wi]frid's Church. Pcteryate House and the Shme of St Mawiret Ciilherow in the Shambles. PJns forthe RestoratK)n of thc itttetiorof St Joseph's Chuwh. Dcv¢knping the pmpety on HI Petet3ate to provxle accommod&tton forthe ¢ommunty orforincorne fotthe Charity. Ordei of Malt& Group for30cl events forthe elderly and lonely. Kni1$ of th¢ Holy Sepulcbre group forsocial aDd charitable acttvities forthe Telief of poverty and k)n¢]ite5Si youttg adtsits group for faith fornatKbn and social activitf5. Reli8K>US in5trrJCt through talks and classes,. the Church has bccn dcsigtjatcd an off1&1p1[Wna&t destination by th¢ DM)cese whi¢b had been and wJJ] Contlliue to bling many visito. Reserves Pollfy The Twst¢ES have s¢t a kv¢l of unrestricted OT'free' reserves that ihe Cblriiy needs to hav¢ to bridge any 5hortfallbetween futu lli¢ome and expenditure leve]s (paEliculaily in latiOn to ll)¢r¢ased uidity bills and church fabrK fEpair5 Costs) 4t a level of £250,OOOwhich eqUatest0appKIM3ÈeEY 12 months rnnningcosts. The total unTEstricted Tescrves at 3 1st De¢emb¢t were above this levelat a total of £302,616. The Trustets are conscious of sigoifi¢ant capi¢al wod(S Tevealed by the last Quinqu¢nnial Report on th¢ conditk)n of the pjvperty, and that cost ofiiving prc5sures are i&e]y to incrca5e. Inveslmetht Poll¢y The trustccs awa of a need to develop In iuvestmentpolicy forthcfulute and io avoid ke¢pillgmore ]4uidity Current accouDt5thatt w¢n¢ed. We baveopenedan irlterest beaiing accountandwill look aiwaysof ¢stab]ishin8 allinvestment fund governed by poleS cousist¢rÈt WAih the Cathojic FaÉth. VolllnteeTS We recruit and traiD volunteers to help us m¢et different demands of ourchaIitabk objecityes IÉ)¢kndiDg admiA)iStrntA)o, pastoral 5UPPOrt, edu¢atiou alld tbe m&inteJJanc¢ of tbe cburch buildin and thcir¢ollt¢nts. We have thnty t¢gukT vobJnt¢eis. Finxncl•l Review Th¢ charity'5 maiD expenses &re the maillten&nce of ourpwpety. the support of the ckrgy who. togetherwilb voRunteets, undertake most of tbe work for the ¢harity'$ obj¢ctiv¢s' and the trdioing of new ckrgy to do thts WO iti the future. The income com¢5 fTDm th¢ dottatx>ns of those who ¢ome to ourchurches, sornc rentalinrome. and wnts fA)m charit*s which support th¢ trninitsg of ckrgy. The ¢harity incurted an opcrating k)ss in tbc yearon ulltEStriGt¢d a¢tiviti¢s of £41 J89. Th¢ total rescrvcs at 315t December 2024 decreased to £3 13593 (2023 £348.0111
THEYOIU(ORATORY TRUST (CIO) REPORT OF THE TRusfEES {CoDtlnued) FOR THE AR EIqDING 31alDECEMBER 21124 StstetyeTrt of Trnstes' R¢s$1blIt> The Trust¢es ar¢ respojsibk forprrpating the Trust¢¢s' Report and the finon¢o18tAtemertts in a¢¢o]dan¢e w>th applKable taw atJd United kngdom Ac¢otsll¢illg Standards (United Kitigdom Cnernlly Accepted Ac¢ountitigkn¢tic¢). The18w applThbletocharities in England and Wal¢s ttqui]Ys th¢Tru$tees to Pf¢P8tt fitJ&tt¢ialstat¢meTJt8forea¢h fJnan¢inl year whKh give a trne and fair view of the statc of affailsof the charity andof the income andexpendtture of the charriy for that period. In PLrpariTh8 thcse fanCIal statemenls, the Trustees are required to.. Select suitablc &ecountiLl8pol%ies and then apply them con5i5tentty,' observe the metbod$ ajid pritic4Jles in the Charities SORP. make judgements and e5titnates that are reawllabk &lld prudent- state whetherapplicableaccountingstaTLdardshavtbten followed. subject to any 81* departures discbsed and explained in the fan¢1a1 5tatements', and preparetbe finaneialstatements on the 8oillgconc¢rn basffis unless it i8 iD&PPtopiiate to PFC5ume that the charity ontinue in busine&s. Th¢ T51¢¢5 are Sponsible for ke¢ping 5fr]ent accountingrecoTd8 that disck> wAh Tra50llabk acGUTrW at any 1in¢ th¢ fmancialpositi0TL of the charity and enabkthem to ensure thatihe financial staletnents COTnply with the Charities Act 2011, th¢ Chatity (Accounls and Reports) Regulation5 2008 andtheprovi5ions of thetrusl de¢d. They are a]50 r¢5ponsibk foT fegualing1hC atSOf tlLe¢harityand heo¢efortakingreasonablesiepsforihe preventionandd¢tection of fraud and other I[relaritie8. Appmved by the TruceS on ISI Sq>tembcr2025 and siglled on tbeirbeba]f by: V. Rev. Rl¢h•rd Duffield Prowmt& Ch4lrof Trwlets
THE YORKORATORY TRUST (CIO) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE YOIIK ORATORY TRUST (CIQ) l pOrt Y examinatiCll of tbc fa1)cial 5tatemerts of The York (hatory Ttust {CIO) for the yearellded 31 tk¢ember 2024 which ¢0pri8e the slattent of fmancial a¢ttvities, balance sheet and related notes, whh are set out on pages 8 to 14. Resptttlve respTrwlblllfle8 of the Trugt¢tS Dd Examlmer As the charity's tSte¢S you are re$ponsible for the pyep#rntionofth¢ financialstatementsin 4ccord&ncewith the Charities Act 2011 (the Act).. you cottsiderthat att audit 15 not rcquited forthis peEiod under 144(2) of the Act and that an independeni ¢xaminatK)n is needed. It is my tesponsibijity to.. examine th¢ accounts undersection 145 of th¢ Act- follow the procedures ]aJd down in the G¢rteral Directioth$ wv¢n by the Charity Commtrssion undei Section 145{5Xb) oEth¢ Act., and s(at¢ whetherparti¢ularmatte hav¢ come to my attention. Basls of independeot examiner's report My examinaiioo was CaLed out in a¢eordancc wtih tb¢ Genernl Du¢ctK)ns gtven by th¢ Cbarity ComMtss. Thi% examillation includ¢s a ¥eview of the a¢¢ountingreconls kept by the chanly and a compatyson of the fman¢ial StateM)ts witb those records. It also includes consJdeTrtion of anyunusualitems gr discbsures in the fitiancialstatemetttsand seekiTr8 explanations fron] you astrnstee5 conceming any Such matters. Th¢ Procedures undertaken do not pmvide 211 the evidence thatwould beTrquited in an audit.and consequ¢nttyno opinion i8 gÈveTh asto whc(herthefmancialsiatement$pres¢nta knie and fair VIC and the report i8 ltrnited to those mattexs set out in the stutement bchw. Independent ei8mlner's siatsmeDt In Conection with my ¢xamiDatiQD,no materi&lmatter8 bavc Gome to my att¢ntiDn whh give me Cause to b¢iiev¢ that ¥n any matl&lI¢sPeCt'. accounttllgrecord5 weTr not kept iD accordance with section 130 of the Act.. or the aecollots do not accotd with tbe accountingcOrds. or the 3¢¢ountsdonot¢ompty with the tppli¢ablerequirem¢nts conccmÉll8 theFomJ and contentofaccount$s¢tout in the Charitie5 (Accounts alldReports)Reguiations 2008 oth¢r¢hatk aDyrequiteIneutthattheaccoun15&wea and raviewwhich is not a matteiconsidered as part of ao illd¢pettdellt examiDo1ion. I haveno concerns and havecomeacross no othcrmattetsin conn¢ctiosJ with the examination towhKh attentionsltould be in this report in onlerto enabk a pxsperundcTstst)dingof the accoutjts to be reached. Mr. Everard BA FCA Hunt¢rGee Holtoyd Club Chatnbe Museunj Street York YOI 7DN 151h September2025
THE YORK ORATORY TRUST (CIO) Statement of Financial Aetivitle$ Onclllding In¢&me And expendltsre account) I'or the yL&#l' tnded 3 1 DLcernber 21124 UDn¥tiy¢tI Restiict FuDds Fulld5 T•tsl 2Q24 223 IwmE from: Nots5 Voluntsry income Don8ly)JJs alld giving 201.982 41.384 35.461 237,443 164,491 41,384 184.638 14.5(K) TTginin¥ xrallt Gcncrthi inry)ll Diocesan cOntnbUn 27,068 5,100 27.068 5,1(K> 26,715 l3.642 Mass stiNds and stol¢ f¢r5 RentaI income 29,820 3.858 29.820 3,858 25.620 Investsnent incot Other UJCQTlle 14,914 11.073 25,987 21.3RI Totl Intome 324.126 50,534 374 660 450,987 Expenditure ort: Ch2rit4bit AdrtJitListratioll 2nd offKe 11.734 11.734 14.584 Church. libJrgicaJ and pa%ts)tal ComTnunity a]Iow3nc HousLokl ¢xpcnsts 151.235 1.073 152.308 103.680 28,605 19,240 59.568 51.948 28.605 59.568 PtOPCny CKpthses 29,242 8.280 63,989 2.869 9.993 35,461 64.703 15.978 10.494 Ckrgy training Uti]ill"¢s a[ itLsurarKc 7.029 15.309 63.989 41,507 Websits IT coDsultAttcy Other expenditure 2.869 2.645 9.993 16.991 Totsl t4)dIre 365 515 409 078 277 067 f4et iDryimrftxprndituT¢) lor the year {41.3891 6,971 {34,418) In,920 Re¢oncllbRtknn of fnnd8 Funds btoiightfonv8rd at i J8ttu4y 2024 344.005 348,011 174,091 Fund8 caTried fotward st31 Dcctmber 2024 302 616 313 593 34801 The Slat[rt of fits)al adivitt&s i¢d¢S 411 g4Lill8 and 1o8s&% rQgnISed in the year. All inLom¢ and expcndilurc d¢TiVC fromconllnuing ivi¢ies. The notrs onpg¢s 10-14 forllL part of th¢se atcounts.
THE YORKORATORY TRUST ICIO) Balgnce Sh¢et s At 31 December 2024 2024 2023 CutrTeni 15ets Dthto 73,770 Ch at bmk in hLd 259 964 362 025 333 734 362 025 LlbWti¢s Cr&iityTh.' 8Th)unts faUittK d1th1O one year 0,141) (14.014) Net curreDt 313.593 3413,011 Total net 313 593 348011 R¢strictsyJ fun 10,977 302.616 344,Q05 Totl fuad$ 93 The fmancialstatell)ents were approved by the Trustees oo lÉt Septernber 2025 and sI¢d on theirbeha]f by.. V. Rev. Rlchard Duffleld Prowost& Cbalr of Trnstees
THE YORK ORATORY TRUST ICIO)
r40TES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
l. Statemcnt of accounting poll¢Aes
ChY4rlty IDformMtion
The York Oratory TTUSt incoTpofdted charity.
Basis of pr¢pralioii
The fancIal statem¢nt$ havc been Ppared in ac¢ordance with tbe ¢h8rity's ¥ivemiD¥ doCuent, thc Chaiitics Act 2011.
RS 102 Fitlancial Reporting St&ndatd appltcable tsi the UKaDd Republic of Ir¢land IFRS 102) and the Charilies SORP
"A¢countingand R¢portiJgby Charitics.. Statement of Recornmetxded Prdctice app]icablc to ch8rities prepaimg their
accounts in accoidanre with the Finan¢ialReporting S12ndard applicabk its tILe UKand Repubiic of Ireland IFRS 1021"
(eff¢ctiYe l January 2019). The chArity is a Pub]ic Bentftt Entity a$ defJne
THE YORKORATORY TRUST (CIO) NOTES TO THE FINANCEAL STATEmErs (Contlnued) FOR TIIE YEAR EPIDED 31 DECEMBER 2024 C2sb at bank Cash at bank and iD h8lld itieludes bank acCoUt5. cash and short tern) highty ]¥iuid investments with 8 Short matuiiry of 3 mooths or ks5 from tbc date of acquisition or openingof the deposit or sirlljknr account. Credltors #nd provisions Crcditors and provisions are recoglli5cd wher¢ the charity has a pyesent objigdtion TesuttÈng from a past event that w probably su in thc trdnsferof funds to a third party and the 4mount due lo settle ihe ob]igxtK>n can be me&suTEd or ¢Stiated reliably. TaxatioD Th¢ Charity is an cxtpt chanty witbtn tb¢ meaniDg of s¢h¢dule 3 of the Chaiities Act 2011 aod is considered to pass the tests set out in Parawpb I Schcduk 6 Finance Act 2010 alld th¢r£fore it meets the defmition of a chaJitabk company for UK cotporation tax purposes. 2. Debtor 2024 2023 56,361 3.Creditors: flling due itbin one yer 2024 2023 Ttak cre¢Jitor5 16.742 AecnJaLs And def¢rre41 inoxne
THE YORKORATORY TRUST (CIO) NOTES TO THE FIIYANCIAL sfATEMENfS IConti#ued) FOR THE YEAR ENDED 31 DEc£LER 21124 4. knaly519 of expenditwe ¢h8rilble #<tiviti¢s Totsl 2024 2023 409 078 277 067 Church, liknTKi¢81 paytoro] Comrnunity dlowan HouselKJ]d expfflses 152,308 18.605 103.680 19,240 51.948 15,978 10.494 59.56 64,703 l5,3[ Property ¢xpensL Clwgy traiRing utilitie5 and insw8n 63.989 7.9J5 41,$07 12.930 Oth ¢xpuJdilute Totsl 392,417 255.T17 Support ¢05¢5 10,654 2.869 2.058 15.784 Website ITeonsultawy 2,645 1.781 Ball8¢8 1,060 Total 21 90 Ali 5UPPOrt costsl#t¢ to charitab]e activitie5. Expendrtute on£ha¥itabl¢activtiies was £409.07812023 £277,067)of whicb £365.515 WaSun$t1j¢t¢d {2023 £256,345)21 £43563 restricted (2023 £20.722) )vernance ¢05ts are IndependeDt Examiners Fees of £1,080. 12
THE YORKORATORY TRUST (CIO) NOTES TOTHE VINANCXAL STATEMENfs (Conlin¥ed) FOR THE YEAR ENDED 31 DECEMBER 21124 5. Funds Bal8ttce at J.1.24 Jncome ExpuKI1he Babnce 31.]2.14 Priests, training Shrn¢ Fund {7.029) 977 10.000 10,1 Spectaj L)liogions forthird pty cbariti¢s StJ05cph's prernis 1.073 11,D73) 50 34 io Unr&%triLth fimd Qeneral futtd 344.(M)5 324,126 1365.5151 302,616 Totsl fund5 348011 313593 The Pn¢sts' Training Fund ts in respect of donation$ rece(v¢d and ¢xpenditiire on Clergy education. The Shrine Fund relat¢s to a Specif donati(Trn fiDm the Guitd of OurdY of Ran50m for¢xp¢ndi¢utr forthc Shrne of St Margaret Ciiihemw. The Chatty has a bell tow¢rmaintcnance fund whi¢h is a TE5tricted fund with a balan¢c at 31 81 Ikcemb¢r2024 of £2,546 wltich hasnotbeen consojidaied With the fmancialstatements. The incomc in th¢ y¢arwas £ 1.393 athd expeDdrture vrds £1,662. 6. ADlysl$ of netassets betsyeen IuDds Fund bxlan¢e$ 4t315E December 2Q24 are represented by: Totsi fun(k Currtttt as5rt% 322,757 (20,1411 10.977 333.734 Currrnt liabi]itss (20.1411 Totsl net ossets 313593 Fund bo1CeS at31st Dectmbtr2023 art ry¥reJented br. Curr£ttt &ss& 355,922 6.103 362.025 Cutrent bilIti¢5 348011 13
THE YORK ORATORY TRUST (CIO) N(WtES TO THE FINANCIAL ST ATEMENfs (ConlSnued) FOR THE YEAR EM)ED 31 DECEMBER 2024 7. Cfjmmitmettts WMl¢r frper9tig le4ses As at 31St Ikc¢mb¢r2024 the total of the charity's future MlmM lease payments undernon-cancellablt operating leases Wds: 2024 2023 ATnount8 due wqthin one year Amounts due between on¢ & five yea 4.172 3.470 9.022 5.215 8. Stsff costs S¢aff ¢osls durtDg the yrarw¢r¢-. 2024 W8gY$ tnd larte$ Social sccurily ¢osts 5.952 5.952 TheTe was onc ¢mpJoyee during the year(2023= ttil). 9.Trnsactions lth Trustees As members of the Coll8re8atxsn of the Orntory, the Ttustee$' ]iYhn8 expenses during the yearwere borne by the Charity. No payments arc made by the Charity forihc bencfit of the trustees n ih¢ir¢apAClty as trustees, but payments a made to support thc priests in carrying out theiTP3Storal responsibilitie& lQ. Related pArty transttlons The were no rclt¢d party traDya¢tions ihe yearotherthan thos¢ describcd in Notc 9 above 14