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 Pete￿te. 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 Chamb￿5 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¢u￿r 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 extraO￿l￿ary 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]aTtral￿inspTh?v￿Cd by the Diocese of M￿dItsb￿llg￿ iti saf¢guardsn he<h andbafeiy,d¢iia PTDteclion and th¢Ca￿Of hA*oric buikiing5. Since all thcTrnstees bve underthesameroof andatt alt the m¢¢tings, any furth¢ixEkvallt trai￿5[1¥ is done I￿￿ou￿b the Eegular￿¢etln￿ of the T￿ste¢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 CO￿￿e8atIOn 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 M*A¥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 asSOCi*ted 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 Vie￿itY of. thc city of York and the county of North Yoth$hite by. but not limited to, th¢ provision of ￿lI￿OU$ Se￿1¢¢$ alld pa$tornl ¢are in ihe rewn. The YO￿ Ornttsry TFu$t (CIO) was founded to suppoff a reli￿OuS comrnunity* the COn￿egatIon of the Ordtory of Si Phibp Neri DI yo￿, wh￿h 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 tell￿oU$ nd pa.%tornl services required by a pari¥h. the cOn￿g￿li0n 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 SpiritsJ*l 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 Bapt￿rns. wedd￿g5 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 furthcraf*ld. 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 ch￿￿h inustc. There ar¢ c￿$S¢S in Laiin, Church Mu51¢ and, according lo de￿4￿d. 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, confr￿￿t¢S and lectures. both tn the cty of YO￿ and furtber afield. We abo provMl¢ $ptrttualdltcct￿ll and counsc]lin8 foia large numb¢r of individuais. Pa51or*l A¢tiviti¢s The Pdnsh has the care of a Catholic Primary S¢hool for which the community provide5 chapknincy and govctnaRCC. The is exiensive parish visiting for the lonely and hou$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 wo￿5 collabordtivety wtth Ang]ioan and Metltodist colleagues in an ECumen￿81C0Ve￿a[Lt. TrK5t mernbers of the Ordtorian Communtty tske theirturn in prOv￿L￿g¢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 Th￿r¢b Mu5it The Charity runs two choir5. one sem1-p￿ressIonalaDd on¢ 8m8t¢ur, $tnget the main Serv￿¢S ort Suudays. Apart from providing music for servxe$ the D￿Ctor of Music is also Charged musical fonnat￿n of pari5hion¢ts a¢TOSS allour par5sh¢s. Th¢ cboirs also gives saLred concejts, called Musical OratorK4 on 71 ttguL3rba$i5. Th¢ Charity is tEsponsibk forthT¢e listed buildings, St Wi]frid's Church. Pcteryate House and the Shme of St Mawiret Ciilherow in the Shambles. PJ*ns forthe RestoratK)n of thc itttetiorof St Joseph's Chuwh. Dcv¢knping the pmpety on HI￿ Petet3ate to provxle accommod&tton forthe ¢ommunty orforincorne fotthe Charity. Ordei of Malt& Group for30c￿l events forthe elderly and lonely. Kni￿1$ of th¢ Holy Sepulcbre group forsocial aDd charitable acttvities forthe Telief of poverty and k)n¢]it*e5Si youttg adtsits group for faith fornatKbn and social activitf5. Reli8K>US in5trrJCt￿￿ through talks and classes,. the Church has bccn dcsigtjatcd an off￿1&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 eqUatest0app￿KIM3ÈeEY 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 po￿leS 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 Trnst*es' R¢s￿￿$1b￿lI￿t> The Trust¢es ar¢ respojsibk forprrpating the Trust¢¢s' Report and the finon¢o18tAtemertts in a¢¢o]dan¢e w>th applKable taw atJd United kngdom Ac¢otsll¢illg Standards (United Kitigdom C*nernlly Accepted Ac¢ountitigkn¢tic¢). The18w applThbletocharities in England and Wal¢s ttqui]Ys th¢Tru$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 f￿anCIal 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 ￿8￿￿1*￿ departures discbsed and explained in the f￿an¢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¢ T￿51¢¢5 are ￿Sponsible for ke¢ping 5￿fr￿]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 ￿fegua￿ling1hC a￿tSOf tlLe¢harityand heo¢efortakingreasonablesiepsforihe preventionandd¢tection of fraud and other I[re￿laritie8. Appmved by the Tru￿ceS 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 examinatiC*ll of tbc f￿a1)cial 5tatemerts of The York (hatory Ttust {CIO) for the yearellded 31 tk¢ember 2024 which ¢0￿pri8e the slatt￿ent of fmancial a¢ttvities, balance sheet and related notes, wh￿h are set out on pages 8 to 14. Resptttlve respTrwlblllfle8 of the Trugt¢tS *Dd Examlmer As the charity's t￿Ste¢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 Ca￿Led 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$pres¢nta knie and fair VIC￿ and the report i8 ltrnited to those mattexs set out in the stutement bchw. Independent ei8mlner's siatsmeDt In Co￿nection with my ¢xamiDatiQD,no materi&lmatter8 bavc Gome to my att¢ntiDn wh￿h give me Cause to b¢iiev¢ that ¥n any mat￿l&lI¢sPeCt'. accounttllgrecord5 weTr not kept iD accordance with section 130 of the Act.. or the aecollots do not accotd with tbe accounting￿cOrds. or the 3¢¢ountsdonot¢ompty with the tppli¢ablerequirem¢nts conccmÉll8 theFomJ and contentofaccount$s¢tout in the Charitie5 (Accounts alldReports)Reguiations 2008 oth¢r¢hatk aDyrequiteIneutthattheaccoun15&wea and ra￿viewwhich 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¢t￿I Restiict FuDds Fulld5 T•tsl 2Q24 2￿23 I*wmE 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 cOntnbU￿n 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 Tot*l 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 HousL*okl ¢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)￿dI￿re 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[r￿￿t of fits￿)￿al adivitt&s i￿¢￿d¢S 411 g4Lill8 and 1o8s&% r￿QgnISed in the year. All inLom¢ and expcndilurc d¢TiVC fromconllnuing **ivi¢ies. The notrs onp*g¢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 C￿h at bmk in h*Ld 259 964 362 025 333 734 362 025 Ll*bWti¢s Cr&iityTh.' 8Th)unts faUittK d￿￿1th1O 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 Tot*l 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¢p*ralioii The f￿ancIal statem¢nt$ havc been P￿pared in ac¢ordance with tbe ¢h8rity's ¥ivemiD¥ doCu￿ent, 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$ defJnens received unO¢r Gift Aid 15 ￿¢08￿￿ed when agrcd by the Rev¢n4Je. l£ga¢*$ are reCO￿ls¢d on receipt orotherwtse if the charity ha5 becn thotifEcd of an impendingdistnl)ut*)n, the amount is known, and receipt is ¢xp¢cted. Resource5 ¢xpeDded Lrabilitie5 are recogn￿ed as expenditure as sooD as th¢re i8 a kb#l orconstwctive obbgation comll2itiingthe chhrily to tbat expenditUTe, it is probabk thal setilement will be ￿qUIred and the amount of the obligation ¢an be measured rebabty. All expeNdiiur¢ is accourt1￿ foron an a¢cruaLs basis. All cxp¢ns¢s includingsupport ro$ts and govrrnance costs a alk)cated 0rapporti0￿Cd to the applicabk expendiwre beaditlgs. Irrerov¢rdbk VAT is ¢harged a￿lASt the exp¢nditurE heading forwhich it was incuffed. Govemance costs include thos¢ co$ts a&so¢iated wilh m¢etiThgthe publtc accountabilily of the chaiity and rts complian¢e wiib rcgulation and good prd¢i*e hncludllJg¢osts relaiing to the IDdepelldcnt Exam1natK>￿. FuDd Acto￿￿tillE Unrestri¢ied fulld5 are avai]abk forus¢ 8t the di%cr¢(ion of the Tmstec5 in furtbcrance of the gelleralobjectiv¢s of ibe Charity •rtd wbich hav¢ noi been desI￿ated forotherpurpos¢5. Desigtiated funds ¢ompTtse unrestii¢i¢d funds that have been set aside by the Trustees forpartKutsrpuTpose8. Restticted fundsAr¢ funds whKh are to be used in accozdortce wÉth Specif￿ rcsttKtiorts imposed by the donors or whKh have be¢n rai*d by ihe Charity fo1pArticularpu￿0sc8. The ¢ost of ratsing and admitiislerin8SULh funds are cha￿d a￿￿$t the sp¥¢If￿ fund. The aim and of each T¢Stritted fi￿￿ i8 s¢t oul iD th¢ notesto the fmancial $tatcment& io THE YORKORATORY TRUST (CIO) NOTES TO THE FINANCEAL STATEmEr￿s (Contlnued) FOR TIIE YEAR EPIDED 31 DECEMBER 2024 C2sb at bank Cash at bank and iD h8lld itieludes bank acCoU￿t5. 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 ¢Sti￿ated reliably. TaxatioD Th¢ Charity is an cxt￿pt 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: f*lling due itbin one ye*r 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£L￿ER 21124 4. knaly519 of expenditwe ¢h8ril*ble #