Charity No: 1192581 Sf MARY AND ST EVERILDA REsfoRATION TRusr FINANCIAL srATEmE￿S for the year ended 31 MARCH 2025 Phoenix Accountancy and Business Consultancy Limited ST MARY AND ST EVERILDA RESTORATION Charity No; 1192581 Contents to the Financial Statements for the year ended 31 March 2025 Page Organisation Information Independent Examiners Report Trustees Annual Report Statement of Financial Attivities Balance Sheet 10 Statement of Cash Flows IL Notes to the Financial Strdtements 12 ST MARY AND ST EVERILDA RESTORATION Charity No: 1192581 Organisation Information for the year ending 31st March 2025 Trustee Mr P Guest Appointed 31.01.2021 Mrs H Guest Appointed 31.01.2021 Mr5 B Watkins Appointed 31.01.2021 Mrs M Mackrill Appointed 31.01.2021 Mr L Blackman Appointed 31.01.2021 Mrs A Laudage Appointed 31.01.2021 Mr J Westaway Appointed 17.06.2023 Re istered Office Everingham Hall Everingham YORK Y042 4JA Re istered Chari Number 1192581 Inde endent Ex miner Rebecca Trifffitt, MAAT Phoenix Accountsncy and Business Consultsncy, +6 Robert Street Scunthorpe North Lincolnshire DN15 6LZ Bankers Natwest 31 Mar*et Place Pocklington Y042 2YB ST MARY AND ST EVERILDA RESTORATION Charity No.. 1192581 Independent Examiner's Report to the Trustee of St Mary and St Everilda Restordtion The Trustees present their report with the independendy examined financlal statements of St Mary and St Everilda Restoration Trust. This is the first period of operation of the Charitable Incorporated Organisation (CIO), which covers period ending 31 March 2025. Respectlve responslbilities of tNstees and examiner The trustees (who are also the dirertors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 201L (the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act; to follow the procedures laid down in the General Directions given by the Charity Commissioners under settion 145 (5)(b) of the ￿aritIeS Act, and to state whether particular matters have come to my attention. Basis of independent examlnerfs re￿)rt My examination was carfed out in accordance wtth general Directions given by the Charity Commission, An examination indudes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes considerBtion of any unusual items or disclosures in the accounts, and seeknng explanations from the trustees concerning any such matters. The procedures L5ndertaken do not provide all the evidence that would be required in an audi¢ and consequendy no opinion is given as to whether the accounts present a 'true and fairf Mew and the report is limited to those matters set out in the ststement below. Independent examinerfs statement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect- accounting records have not been kept in accordan￿ with section 386 of the Companies Act 2006; the accounts do not accord with such records: where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102) any matter which the examiner believes should be drdwn to the attention of the reader to gain a proper understsnding of the accounts. Rebecca Triffitt, MAAT Employee of Phoenix Accountsncy Business & Consultancy Ltd 4-6 Robert street Scunthorpe, North ￿nColnshIre DN15 6LZ Date: 1116iJl ST MARY AND 5T EVERILDA RESTORAMON Charity No.. 1192581 Report of the Board of Trustees for the period ending 31st March 2025 The financial statements comply with the Charities Att 2011, the Constitution and 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 (FRS 102) (effective l January 2019). Reference and Administrative Detsils of the Charity, its Trustees and Advisers me of chari St Mary and St Everilda Restoration Re istration Number: 1192581 Trustee P Guest H Guest B Wad(ins M Mackrill L Blackman A Laudage J Westaway Mana ement of the Char" Management of the charty during the year was undertaken by Philip Guest. Inde ndent Examiner Rebecca Triffitt, MAAT Phoenix AccountanLry and Busine Consultancy, +6 Robert Street Scunthorpe North Lincolnshire DN15 6LZ Bankers Natwest 31 Market Place Pocklington Y042 2YB ST MARY AND sr EVERILDA RESTORATION Charity No.. 1192581 Report of the Board of Trustees for the period ending 31$t March 2025 re vernance and Man nt Governi St Mary and St Everilda Restoration is a registered Charitable Incorpordted Organisation governed by its Constitution. The organisation was registered with the Charity Commission on the 30th November 2020. Recr itment and a ointment of Tr stees The charity trustees will make available to each new charity trustee, on or before his or her appointment. Copy of the current version of this constitution and Copy of the CIO'S latest Trustee Annual Report and statement of accounts. They a re-elected by rotation under the constitution anisation 15trutture: The board of Trustees manages the Charity, and aims to consider only strategic decislons at its meetings. Trustees will consider the public beneftt in making decisions. Trustees are aware that any conflitt of interest is declared and recorded and the person will be withheld from that part of the m*ting and will not be able to vote for that bit of discussion. The board holds an AGM every year, other than that any charity trustee may call a meeting during the year. Risk Mana ement: The major risks, to which the charity is exposed, as identified by the TrUSt￿s, have been reviewed and systems have ben established to mitigate those risks. All systems and procedures are reviewed regularly to ensure they meet charity law and our own organisations aims and objectives. 'ective and Attivities As set out in the Memorandum of Articles, the Charity's objective 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 ettives for the foll win ear: To continue restoration work on the chapel. 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 31rt March 2025 Achievements Perf Review of attiv'ties 2 24 The St Mary and St Everilda Restoration is satisfied, having reviewed the charfty, that in the past year. Our work has reflected our charity objectives. Our resources are well managed. Increase fundraising tours and concerts. Ongoing funding applications to hopefully continue restoration of the church. nci l Review Reserv In line with our policy, all reserves will be carried forward to sustain the church in future years. Pri in rces St Mary and St Everilda, Everingham have four main funding streams. I, Income Grants 2, Income from visits from the public 3, Donations from the public & business 4. Gift Aid tax claim ST MARY AND ST EVERILDA RESTORATION Charity No: 1192581 Report of the Board of Trustees for the period ending 315t March 2025 Statement of disclos re rm ti in ent ex miner We, the Directors of the Company who held office at the date of approval of these financial ststements, confirm so far as we are aware, that: l. There is no relevant information of which the independent examiner is unaware. and 2. We have taken all the steps as required of us in order to make ourselves aware of all relevant information expetted of us and to establish that the independent examiner is aware of that information. statement of Trustees res nsi ilities Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the excess of income over expenditure of the charity for that perithj. In preparing those financial statements, the Trustees are required to: selert suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent prepare the financial Statements on the going concern basi5 unless it 15 inappropriate to presume that the charity will continue to operate. The Trustees confirm that the accounts comply with the above reqU1￿Ments. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with ￿levant legislation. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Inde endent Ex miner A resolution to appoint Phoenix Accountancy and Business Consultancy Limited as independent examiner was agEed by chairperson and the other Trustees. By order of the board Philip Guest Chairperson Date.. IJ LL Ih UCJU ST MARY AND sr EVERILDA REsfoRATION Charity No. 1192581 Statement of Cash Flows For the period ending 31st March 2025 Notes 2025 2024 Net Movement in Funds Add back depreciation charge Dedurt interest income shown in investing activities Decrease/(increase) in stock Decrease/(increase) in debtor5 Increase/(decrease) in creditors Net cash used in operating activities 2,006 (1,483) 800) 2,006 Cash flows from investing activities Interest income Purchase of12ngible fixed assets Cash provided by (used in) investing activities Cash flows from financing activities Repayment of borrowing Cash used in financing activlties Increasel(decrease) in cash and cash equivalents 2,006 (2,283) cash and cash equivalents at the beginning of the year 13,249 15,532 Total cash and cash equivalents at the end of the year 15,255 13,249 The notes on pages 12 to 18 form part of these financial statements. li ST MARY AND ￿ EVERILDA R￿ORATIoN Charity No.1192581 Notes to the Financial Statements For the period ending 315t March 2025 Accounting policies 1.1. Accounting convention The financial statements have been p￿pared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS102) (effettive 1st January 2019) - (Charities SORP (FRS102}) and the financial ￿pOrting stsndard applicable in the UK and Republic of Ireland (FRS102) 1.2. Going Concem The Trustees consider the Charity to be a going concem. The accounts have been prePa￿d 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 b￿n met, it is probable that the income will be received and the amount can be measured reliably and is not deferred, 1.4. Fund accountlng Restricted funds are funds which are to be used In accordance with specific restrittions imposed by donors. Re5tritted funds are accounted for separately to each other and to the core funding of the Company. General ftjnds are unrestrirted ftJnd5 which are available for use at the discretion of the Trustees in the furtherance of the general objettives of the charity and which have not been designated for other purposes. 12 MARY AND sr EVERILDA REsfoRATION Charity No.1192581 Notes to the Financial Statements For the period ending 31st March 2025 1.5. Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Expenditure on charitable attivities Includes the costs of all activities undertaken to further the purposes of the charity and their associated support costs. The Charity is not VAT registered and irrecoverable VAT is charged as a cost against the activity for which the expenditure was inCur￿d. 1.6. Allocation of support costs Support costs are those functions that assist the work of the charity but do not direttly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and govemance costs which sUPPOrt the Charities activities. All activities undertaken by the Charity are in furtherance of the charitsble objects therefore all support costs have been allocated to charitsble activities, A full breakdown of all costs related to Charitable Activities has been provided in Note 6. 1.7. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.8. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.9. Creditors and provisions Creditors and provisions are recogni*d where the charity has a present obligation resulting from a past event that will probably result in the transfer cf funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any ts3de discounts due. Income and Expenditure Account The Company is a charity and so achievements cannot be measured by nomial commercial criteria. Accordinglyi the Directors consider that it would be inappropriate to present a Profit and Loss Account in one of the formats set out by the Companies Act 2016. Therefore, as permitted by the Companies Att, in order to reflect the special nature of the company's activities, the Directors are of the opinion that it would be more appropriate to present an Income and Expenditure Account. 13 Ali. c L&1 l LlltrotrLnoo trmv4OfNOO Ln LCW l Lntro¢￿00( 0)0m￿Ln ¢il'i £ ￿￿0￿0 <*LuEE