a￿rity No: 1192581 sr MARY AND sr EVERILDA REsfoRATION TRUST FINANCIAL sfA7EME￿S for the year erKled 31 MAR(112024 Phoenix AccountanLy and Business Consultancy Limited ST MARY AND ST EVERILDA RESTORATION Charity No., 1192581 Contents to the Financial Ststements for the year ended 31 March 2024 Page Organisatlon Information Indepentht Examiners Rer Directors, Report Income and EXpendI￿re Account statement of Finanaal Activities 10 Balan￿ Sheet 11 Statement of Cash Flows 12 Notes to the Financial StsteffEnts 13 ST MARY AND ST EVERILDA RESTORATION Charity No: 1192581 Organisation Inf0M￿tiOn for the year endlng 31st March 2024 Tntstee Mr P (knst pointed 31.01.2021 Mrs H Guest AptxAnted 31.01.2021 Mrs B Watkins Apwinted 31.01.2021 Mrs M Mathill WInte￿ 31.01.2021 Mr L Blacknian Pppointed 31.01.2021 Mrs A Laydage Appointed 31.01.2021 Mr J Wethway Appointed 17.06.2023 Evwingham Hall Everingham YORK Y042 4JA red tha Number 1192581 ndent Rebecca Triffitt, MAAT Phoenix Accountarry and Bu￿ne￿ Consultaryi M(¥leVs Cottage Morfevs Yard Walkwgate East Yorkshi HU17 9BY Natwest 31 Market Fl Poddington Y042 2YB r MARY AND ST EVERIiDA RE%fORATION Charlty No: 1192581 Indep￿ent Examinerfs Rwrt to the Trustee of St Mary and St Everilda Restoralion The Tru*ees present their reFM)rt with the indepe[￿th examined financial ststements of St Mary and St Everflda Restoration Trust. This is the firt wiod of operation of the Chaiitable Incorpordted organisa￿n (ao), which cov￿5 endlng 31 Marth 2024. Respertlve Rsponsibilities of tru#ees aNI examlner The trustees (who are also the dlrectors of the o)mpany for the purposes of company law) are responsible for the preparation of the accounts. The d￿rI￿S tnjstees consider that an audit is not required for this year under sectton 144 of the thaiiiies Art 2011 (the Clkirities Act) and that an independent examlnation is needed. It 15 my re5wnsibllty to: examlne the acc(￿nts under s8Ji)n 145 of the CharitEs A¢ to fdlow the prC£￿1ureS laKJ down in the Iknerdl Dirthins grven by the Charity Commlssloners under ￿tIOn 145 {5){b) of the (tharlties Ac¢, and to state whether particular matters have o)me to my attenti(¥t. Basls of Independent examirnrfs report My examination was carried out in gawal Direclions given by the Charfty Commission. An examination indudes a revie*V of the accounting records kept by the charity and comparison of the accounts presented with those records. It also indudes Cor￿IderatiOn of any unusual It￿ or disclosures in the accounts, and seeking explanations from the trustees conceming any such rnatters. The procedures undertaken do FY)t provide all the eviden￿ that would be required in an audit, and corwuenty no othnlon ts given as to whether the accounts pre*nt a Mrue and fairf view and the repK)rt is limited to those matt￿5 set out in the stateM￿t below. Independent examlnees Staten￿nt I have completd my examinaticm, I confirm that Th) material rnal￿ have o)me to my attenlion In (Dnntttkjn with the examinati(m which gi￿ me cause to telieve that in, ary material respect: accounting records have not been kept In accordan￿ with section 386 of the Companies Act the accounts do not accord with such records: Whe￿ accounts are prepared on an accruals basis, whether they fail to Comp￿ wth relevant accounting requlrements under section 396 of the Companies Act 2006, or are not consistent th the Chartties SORP (FRS102) any matter which the examirw bdieve5 should be drawn to the attention of the reader to gain a pr¢)per UfKlerstsndlng of the accounts. Re1￿CCa Triffitt, MAAT Employee of Phcenix Acc￿ntancY Business & COr￿lI￿anCY Ltrl Modeys Cottage, Morlevs Yard Walkergate, Bev HU17 9BY Date: iÉ)g?24 sr MARY AND ST EVERILDA RESTORATION chatity No". 1192581 Report of the Board of Trustees for the period ending 31st March 2024 The financial staten￿ts compty with the Charities Act 2011, the Companies Act 2006, the Memornndum and thcles of Assoaation, and Accounting and Reporting by Charitles: statement of Recommended practi￿ applÈcable to d￿ritIeS preparing thdr accounts in accordance with the Fina￿al Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Referen￿ and Administrntive Details of the Chaiity, its Trustees and Advise me of char St Mary and St Everilda Restoratlon 1192581 P Guest H Guest B WatkÉns M Mackrill L Blackman A LaLKlaoE J Westaway Da toDa ment the Management of the charity during the year was undertaken by Philip Guest. In en ent Examiner Rebecca Triffit¥ MMT Phoenix Accountancy and Business Consultanoi, Morlevs Cott3ge Morlels Yard Walkergate Beverley East Yorkshire HU17 9BY Bankers Natwest 31 Market Pla PockEingtr)n Y042 2YB ST MARY AND ￿ EVERILDA REsfoRATION Charity No.. 1192581 Report of the BoaNI of Trustees for the period ending 31st March 2024 vema vernin ocument: St Mary arKI St Everilda Restordtion is a registe￿ tha17tab￿ Incorporated Organisatlon govemed by its Constitution. The organisation was registered with the Charlty Commission on the 30th November 2020. Recrultmert Intment The charty trust￿ wlll make avallable to each new tharity trustee, on or tEfore his or her appolntfflent. Copy of the current version of this constitution and Copy of the CIO'S latest Trustee Annua5 RetK)rt and statement of accounts. ni cture: The Fx)ard of Trustees manages the Chaiity, arKI aims to cor6ider only strategic decisions at its meetings. Trust￿ will consider the public benefit in making decisions. Trustees are aware that any conflltt of Interest is dedared and recorded and the person will be withheld from that part of meetirKJ and wlll not be able to vote for that bit of discusslon. The board holds an AGM every y&ir, other than that any chaiity trustee may call a meeting during the year. Ris me The major risks, to which the charity is exposej, as identified by the Trustees, have been reviewed and systems have been established to mib'gate those risks. All systems and proCedU￿S are reviewed regularly to ensure they meet charity law and our own organisations alms and objectives. ive and Actiwties As set out in the Merrbjrandum of Artides, the (haritfs obieclfve Is restoration and preservation of the chapel of St Mary the virgin and St Everilda in the village of Everingam in the East Riding of Yorkshire. Main ob'ectives for the fo lo in To continue restorBtion WO￿ on the thapel. To open the chapel up to the public. ST MARY AND ST EVERILDA RESTORATION Charity No: 1192581 Report of the Board of Trustees for the period ending 31st March 2024 St Mary and St Everllda Restordtion Is satisfied, havlng revSew&l the charty, that in the past year. Our work has refl￿ our charity Obj￿￿veS. Our resour￿ a￿ well fflanawl. The roof was repaired. The restordtion of the ￿lI1rVJs were completed. inanci l Revie Reserves Pol In line with our policy, all reserves will be Carri￿ forward to sustain the churth In future years. in St Mary and St Everfjlda, Everingham have four main fvndiEYJ streams. l. Income Grants 2. Income from visits from the public 3. Donations from the public & business 4. Glft Aid tax daim sr MARY AND ST EVERILDA RESTORATION Charity No: 1192581 Report of the Board of Tntstees for the period ending 31st March 2024 tement iscl rm nde iner We, the Directors of the Company WIN) held Offi￿ at the date of approval of these financial ststements, confim) so frdr as we are aware, that: l. There is no relevant information of whith the i[￿pendent examlner Is unaware. and 2. We have tsken all the steps as requlred of us in order to make ourselves aware of all relevant inform&ion expected of us and to establish that the independent examiner is aware of that information. ststem Charity Law requires the Trustees to prepa￿ financial statanents for each financial year which give a true and fair view of the state of affairs of the charity and of the eX￿sS of income over experKliture of the charity for that p￿1(￿1. In preparing those finandal statements, the Trustees are reqUI￿d to: sd￿t sultable accoUn￿ng kx)Ilcks and then apply them consistently make judgements and estimates that are reasonable and prudent prepare the finar￿lat statements on the going con￿rn basls unless it is Inappropriate to presume that the thaiity will continue to orEi7te. The Trustees confimi that the accounts comply with the above requirements. The T￿￿eeS are responsible for keeping proper accounting ￿)rdS whlch disclo* with reasonable accuracy at any ￿me the financial position of the charity and enable them to ensure that the financial statements comply with ￿levant legislatton. The Trustees are also responslble for safeguardlng the assets of the ￿arity atKJ hence for tsking rea￿>nable steps for the prevention and detedion of fraud and other irregularities. mi A resolution to appoint Phoenix AccountstKy arKJ Business Consultsncy as Independent examiner was agreed by chal￿ersOn and the other Trustees. By order of the board Philip Guest chairperson Date: ST MARY AND ST EVERILDA RESTORATION Charity No: 1192581 Income and Expenditure Account for the peiiod ending 316t March 2024 2024 2023 INCOME EXPENDITURE OPERATING (DEFtCIT)ISURPLUS INVE5fmE￿ INCOME (DEFtcrr)/SURPLUS FOR ThE YEAR RESERVES BROUGHT FORWARD RESERVES CARRIED FORWARD 34 7,168 55,568 (1,483) 629 (1,483) 629 10 Total income of £7,168 comprises (2023 £55,568) £7,168 (2023 £26,562) for Un￿strICted funds and £0 (2023 £29,006) for restsicted funds. A detsiled analysis of income by source Is provida In the Ststement of Flnanclal Actlvltles. The total reseNes for the year of £12,949 (2023 £14,432) comprises a surplus of £12,949 (2023 £14,432) for unrestrictsj funds and a surplus of £0 (2023 £0) for restricted fijnds as shown in the Ststement of Finanaal Activities. There are no recogniwj gains and losses other than those passing through the income and experKllttJre accounts. The income and expendibjre account has been prepared on the basis that all operations are continuing operations. The notes on pages 13 to 19 fomi part of these finandal statements. mLn ST MARY AND ST EVERILDA REsfoRATION arty No. 1192581 statement of Cash Hows For the period ending 31st March 2024 2024 2023 Net Movement In Funds Add back depreciation charge Deduct interest Income shown In Investing attAvities t)eThse/(increase) in stc(k Dern*/(increase) in debtors Increase/(decrease) In creditors Net cash used in operating activities (IA83) 629 800 430 283 -- 1059 Cash flows from investing activities Interest income Purchase of tsnglble fixed assets Cash provided by (used in) investing activities Cash flows from finanang activlti Repayment of borrowlng Gish used in financing activities Increasel(decrease) in cash and cash equivalents (2,283) 1,059 cash and cash equI￿dIents at the beginning of the year 15,532 14,473 Total cash and cash equivalents at the end of the year 13 249 15 532 The notes on pages 13 to 19 fomi part of these financial statements. 12 sr MARY AND ￿ EVERILDA RE￿oRATIoN Charity No.1192581 Notes to the Financial Statements For the Accounting policies 1.1. Accounting convention The financial ststements have been prep3red in accordance with Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2019) - (Charities SORP (FRS102)}, the financial reporting stsndard applicable in the UK and Republic of I￿land (FRS102) and the Companies Att 2006. 1.2. Going Concern The Trustees consider the Charity to be a going concern. The accounts have been prepared on this basis. 1.3. Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether'capitsl, grants or'revenue, grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. 1.4. Fund accounting Restricted funds a￿ funds which are to be used in accordance with specific restrictions imposed by donors. Restricted funds are accounted for separately to each other and to the core funding of the Company. General funds are unrestricted funds which are available for use at the discretion of the Trustees in the furtheran￿ of the general objectives of the charity and which have not been designated for other purposes. 13 sr MARY AND sr EVERILDA RESfoRATtON Charty No.1192581 Notss to the Financial Statements For the peiiod ending 31st Marrh 2024 1.5. Expendlture and Irrecovernble VAT Expendlttire Is reC(￿nIsed On￿ there Is a tegal or corthdive obligation to make payment to a third party, it is probabte that settlfftnt wlll be required and the amount of the obligatton can be measured rdiably. Expendilure is dassified under the following acbvty headings: . EXPer￿ltsjre on charitable activities Ind￿leS the costs of all acuwiies undertaken to further the pU￿￿)seS of the charity and their associated support Ihe Charity is not VAT registered and Irrecoverab￿ VAT is charged as a cost agalnst the activty for which the expendiknre was incutTed. 1.6. Allocation of support Support costs are fJKtse ￿nCtIonS that asstst the work of the chaiity but do not dlredy undertake charltsble activities. SupFM)rt costs indude back Offi￿ costs, finan￿, pe￿nnel, pa￿1 and governan￿ costs which suppjrt the Charities aclivities. Atl activitres undertaken by the Charity are in fjJrthera[￿ of the d)ariiable objects therefore all SUp￿rt costs have been allocated to charitable activibes. A full breakdown of all costs related to Charitsble ActNths has be￿ p)rovided in Note 6. Debtors Trade and other debtors are recognlsed at the sduement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of a)y tr&le dlscounts due. IA Cash at bank and In hand Cath at bank and cash in hand includes cash and short tem highly liquld invesknents a short maturity of three monts or less from the date of acquEsTLlon or opening of the depO￿t or similar accounL 1.9. Creditors and provisions Creditors and provisions are recognised where the charity has a pre￿t olligation resulung frorn a past event that ￿71] probably result in the transfer of fjjnds to a third party and the amount due to settle the obligation can be Measur￿ or estimated reliably. Creditors and provisions are normally ￿nISed at their settl￿ent amount after allowng for any trade discounts due. Income and Expendiiure Account The Company is a charity and so achievements cannot be rneasur￿ by nomial commer(ial crIt￿la. Accordingly, the DirectrKs congder that it would ￿ inappropriate to present a Profit and Loss Account in one of the fOrn￿ts ￿t out by the Companies Act 2016. Therefore, as permitted by the Companies ￿ in order to reflect the special nature of the companws activities, the Directors are of the opinion that it would be more appropriate to present an Income and Expenditure Accourt. 14 kDOO OCOLn o o CWcThLri Cl41 loo 15- I I oots) Lno 'ECWI LN t i ooro Lno LntOtrLnoc4m ￿￿O￿l00r4 *to¢￿00￿ m￿Ar•]0￿1 cooM￿Ln