FRIENDS OF YORK MINSTER IA Charftabl• In¢orporated Oryanlsatlon REPORT AND FINANCIAL STATEPIEPTrJ Yr •nded: 31 Decomb8r 21124 Charlty no.. 1195675
FRIENDS OF YORK MINSTER IA Charliable Incorporatad Organlsatktyn) Trustoas. R8port 31 December 2024 The Trustees have pleasure in presenting their nUal rwrt forthe year ended 31 December 2024 together wth the financial siatements of the Charty. Th8 financi81 statements comply with the Charities Act 2011, the CcmstilUti and Acctyjnting a)d Reporting ty Charities.. Statement of Recc4nmended Pradice ISORPI applicable to Charities preparirTrg their account8 in accordance with the Financial Reporb'ng Standard 4)plic&lfr in the UK and Republic of Ireland IFRS 1021 {effedve 1 January 2019)- OUR PURPOSES AND ACTivmES To advance religion by assisting in the suppcyt of the Calhedral and Metropolitical Church of Sl Peter In Yoth fThe Minsterf) by contrbi ufing bclh financially and in other appropriate ways lo ils pres8rvation, maintenance, beautrficatK¥n and ministy, and in futherance thereof.. 10 SUPF)Ort the maintenance, restoration, repair. and improvement of th8 fabric. omnen( and furnishings of the Minster. lo maintsin and develop the music arvj other aspeds of lh8 worship and Ilfe of Ihe Minster. lo awj Ihg upkeep ofth& Minstw Archive and Library. 10 8UStain and devekw a nets¥¢)rk of people who love and 5UPFrt the Minster. lo widen awareness of the Minster's presen. In Shaping cur cknjectfyies for the ypar and pknning our actsvilS ¥ have consldered th8 Charity Convnission's guidance on public benefit, irnauding the guidance 'public bgnefrt.. unning a charity (PB2)"at our trustees, meetir@s. Gwls are grven lo bjIeS on the ba818 that they are in furtherance of the Charws o14ects. ACHIEVEMENTS The Friends prryJramm8 rA fund-raising actmties was vari&g. intwting and well ..supported ¥wth Several events beitvj oversubscribed. These IndUd a Musical Recital, a stained Glass letAure, themed City Walk8, a trip to see My Fair Lady in Lee4Js, a day's wach outing to the Wolds. a visit to the M&S ArchNe in Leeds and a very successful hc4iday to Ayrshire including a visit to the K"trMJ'8 Dumfrie5 House. . Monthly coffee morning were hald in the North TranseN with arad £4.000 being ratsed and the year end&1 wtth a Christsnas lunch in eM Hall. A meeting was held wth the Ch¥Jter Std, offKers of York Minster Fund and of the Friends lo discuss a more joined up apWoth to pricxitising and funding ongoing ple$ and to align grant fvnding with the MsterS annual Weting cycl8. 11 was agreed that the Worknng T(oetherf meetings ben the Chapter, Fund and Friends should be held on 8 regular basis. During the year a £760,000 bequest was recaiv8d the Jll Murray estaie. To maximL5e both its safety and interest eaming potential whilst suitable projects for use 8re found, all of the monies tether with a further £140.OW have been donal&J to the York Minster Fund, a registerej charity whose purpose is the work of conservation and restoration of thg fric of Ytsrk Minstèr. These monEs are ring fenced to th8 Friends in a r8slricted fund and are currently geratIng a relum of betrn 4% aTrJ 5% on a rc41ing 124Th)nth temi and wll b& used to fund grants detenmin&Y by the Fr*nds the ccffiing years. The Itjtal value of these funds atthe yearend wag £922.819.
FRIENDS OF YORK MINSTER {A Charitable Incorporated Oryanlsation Trustees, R•port 31 December 2024 Ihe foling projects were presented to the Friends and approv1. £32,000 to support ts¥o PhD students separatety researching the Minsterfs Monuments and the StaIne(lasSIJacY of Dr Milner-Vbhit8. £10,000 for "the creation of Mus. folowing the receipt of a £10,000 bequest from the late John Morle¥ est*; J(thn vM5 servi)g friend to both the Friend5 and to the Mi)sler itself. £1,500 to the Fknver Fund £3.042 Pathway to Pdgrimage Publi¢atTon To improve the process through which our fundir¥J is granted tthyards pr¢iects a mee¥ng was held betsyoen the Frie1,$ Officers and the Yorf( Minster Fund rt was agreed to airange regular meetings btheen Chapter represenlatives, the Minster Fund and the Friends wi line th the Mwisterfs bLKlgeting cycle wth a viewto pr2r5sng projects. We s&1 lo say goodbye in the yearlo Meg shland-Ball who retired as Honornry se¢tary after 14 successful and highly productive years in offio. leen Bloomer who retired at the AGM in June hawng completed her 4-year ten of offica as a Trustee. We thank Aileen for her dedic2led and wide4anging service particularty in relation lo the success otthe advertising commtitee David Hare. the Honorary Treasurer who is mora to the Bath aro3 to be nearer to hi8 family. Damd has done much in his twne wilh the Friends and will be missed. 2024 also Ihg unfortunate itsparture on healih grcMJnd8. of Jayne HMorKI as Administrator,. Jayne loYty and eTficionlJy the Friends for 6 yearn. FINANCIAL REVIEW . As a Consequen of the £760.000 bequest from th& Jll Murray Estate income increased $lstantlally during the year from £114,162 in 2023 to £875.278 in 2024. The Incorr of £87S,276 included the following legacios: Jill Munay b8]ue81 £760,000 The final tranche of the Gc4dthorpe bequest £14.629 John Morley, a long Friend and Mirkster volunie8r £10.000 Dr.Alenby £8,000 Brian TcNnpsett £5.000 other bequests £4.201 Le85 recognised in 2023 Expendthre increased from £339.003 in 2023 to £1.000.890 in 2024 primarity due to the restricted donation lo the York Minst&r Fund of £9(Kl.O(J). Fundralsln Friends of York Minster strNe to hl&ve the hpJhest fundraising standards and value their SLVPOrtwe funders. We stay up to date with developments in charity regulation, data protection arvj the Fundr9 Preference Servic8 {FPSI lo make $ur8 we are Eegally nplianl and adhering lo all guKldines. Wo fdlcw the Institute of FuThJraising's Code of PrxtiC8. No coMp1ntS reg¥ding fundr8isirvJ aCtmt have been received in the year
FRIENDS OF YORK MINSTER (A Charliabl8 Incorporated Oryanisation) Trustees, Report 31 Dacambgr 2024 Invostment PoweY8 and P ic The charity has the power to make any investsnents whth fhe trustees fft. Ro8erve8 Poll and Goln Concem The TnJstee$ consider that glven the naiure of the Frd5' woth aThJ the currant levd of free reserves, these should remain as a minimwn in the region of £1,0, which give8 flexibility to ¢over both timing differerKes for grant dams aNI adequate wotking c4pit81 for the core The free reserves al 31 December 2024 totalt&J £221,270 (2023: £346.8841 re11octing the Trustses. ¢ommitment to increasing grant awards. The trustees consider that there are no materh4 Unrta]ntieS abt the ChIty'S ability to ¢tinUe a8 a going concem. PiAN8 FOR THE FUTURE A full and varied programme of Actr+ths 18 alreaty set fDr 2025. In adOn we are worknng towards improwng OUT Wobpages, Database and Cc¥nmunicatK)ns. We 0k fonvard to our Vlorking Togetherf meetings and f08tering other good working relationship5 with thè many deparknnents within Ihe Minster and al with Friends in other Cathedrdl$. We plan to make further gr8nts WE refere io ow cknjeL*s arKI availabbe frJnds.
FRIENDS OF YORK MINSTER {A Charftsble Incorpor4teql Oryanlsath>nl Trustees. Report 31 December 2024 REFERENCE AND ADMINISTRATIVE INFORMATION Charity Registration Number. 1195675 Company Nurr*er'. CE026567 Pre51dent: Hi5 Grace the Archlishop of York Trustees: The Trustees ofthe Charity are as folb7". Honorary Offrs.. Mrs J CharItonw Mrs M Shorfand-8all Mrs B Duffy Mr D Hare Mr S O'Brien Chair (retired 31 March 2024) 14winted 16 April 2024} (reti 27 November 2024) {aFwintgd 27November 2024) Se¢retsry Treasurer Treasurer Eknted MemberB and Tru5t&s'. Ms A BloceT Ms C Champne55 Mr P Emery Mrs H Gregory Dr M Nolan Dr D Stocks Mrs L Twl Mrs P Williams Rev G Wright (rnsignvAI 15 Jun& 2024) {Opn 15 June 2024) (appointed 15 June 2024) Qfficlal Officp: Former Minster sch1. 9 Minster Yaftl. Deansgate, York, Y017JA Profes&8[ Advis Independent Examiner. Alt SeNices Limit&d. 12 Street, Leed8, LS12HL Barthers.. HSBC Bank c, 13 PlEnt StreeL y¢ Y018XS
FRIENDS OF YORK MINSTER IA Chailtablt Incorporatèd oryani¢10} Trustees, Report 31 Decombor 2024 STRUCTURE, GOVERNANCE AND MANAGEMEKr Govornln Document Friends of York Minstsr CIO Ilhe charity,) wra5 regislered as a charity on 1 September 2021 number 1195875 succeeding Friends of Ytxk M)$ter thich is now a linkj charity. It is governed by a constitutEon. f0M)lY adopted (In 15 July 2021 and amended on 2 Juty 2022. The CIO is ¥tnJctUr1 under the Charity Commisson's Indat[On mod81. The Trustees have taken afvantage of tho Charity c(MIss0n CCmC8SSKJn to link charit which have a common Trustee board altring preparats)n of one sei of financi8] statements for both charities. olthent of Tm5tees The Charity shall have at least thro8 charty Trustges with the maximum b8ing 16 with one qU8rter of the elected Truslees retirry at every Annual Generdl Meeting wth vacancles being rilled by the decis of Ihe members atthe Annud General M881ing. Tho Charity shall have a Chairpwson, oThJ Soc¥elary, arKI Hcl[ary Treasurer and on Honorary M8mb6rship Secretary who shall hoky office for 4 years tr1 the date of their apptintmenL New charty Trustees may be apFrf)ln st any time by the Trustees The Dean ol York Minster shall be g rity Trustee so kng as or sho is willing and able to act. Trustse In ndT In All new trustees receNe lwHluclns on the ObltIves. beliefs and systems of th8 tharity and are directed to the Charrty Commisswm guidan on ther resPc$1bIIthes nisation The Charity is managed on a day4¢HJay basis by the JministratNe offir Yrith instructions from the ChariVs Honorary OffKers. All major derAsKJns are made by the Truste85. All trustees gNe thr time freely and no trustee reMuneron was mad8 in the year. All Iruslees are required to ijisdose all relevant interests and wthdraw from diUs510nS wherE a conflict of intergst arises y6ar. Detsils of tnJstees' expenses and related paty transactlons are disclosed in notes 10 and 1110 the acccAJnts. k mana ement The Trustees have addressed the major risks to which the Charty is expowj, in partular Ilvjse related lo the operatnS and finances of the ChaTity and, are satisfied that systems are in place to mi1Jate exposure to major risks.
FRIENDS OF YORK MINSTER {A Charitable Incorporated Organl&itlon) Trust8&s' Report 31 Decembor 2024 STATEMENT OF TRUSTEES, RESPONSIBILrnES The Charrvs Trustees are re5FxJnsibl8 for preparing the TnJstees' AnTh Rewt tho financial stalemenis in accordarTh with appl) aNI regulation5. Charty law requires the Truste88 to pwre financial Stalennts each financial year In accordance w(ch Unlted ngdcffl Gen8ray Accepted A(£x)untiTrJ Pr&tice {United King¢J)m Accounting Stsndardsl and applKabk I. The law applicable lo charities in ErvJLgnd and Walps requires the Trustees to prepare financi81 statements for each finanual year which giwe a tru8 and fair view of the stsle of affairs of th8 charity and of the inco and rypkation of re5cr¢eS of th8 charity for that Feriod. In preparing these financial StatnIS, the Trustee8 are requir to: Salect suitabb accounting rKAiues and trn appty them cc*tsi8ténty,' ObseNe the meth(Kl8 and prirKiples the Charitie5 SORP; Make judgments arml estimates that reasondjle and pwdent." .. state whether applrablg UntIng slandaS have been fOBd, sthl8Ct to any rnaterial departures disc108ed and expl8in&J in the fin8nci81 StaTErrts', Prap8re the financiel slalements on the gK)ing concem ba5 unless it is inakwropriate to presume that the charty will continue in buwness. The Truste8s are responsible lor keepiro a¢xounting records that are sufficient to show and gxplain the Chartty's transactions and disdLNse with reasonable accuracy at any time the financial po3itiDn of the Chanty and enable li to ensure that the financial statements compty th the Chaiities AL# 2011 and the Charity IAcwnts and Reports} Regulations 2008. It is also responsible for safeguarding the ass@ts of the Charity and hence ta.ng reasonable Steps for the prevention and detection of fraud and other irregularities. 0110512025 Approved by the Board of Trustees on...............................WKI signed on Tts betslf by: MR STEPHEN O'BRIEN Honorary Treasurer and Tru8te8
FRIENDS OF YORK MINSTER IA Charitable Incorporal•d Oryanlsatitih) INDEPENDENT EXAlaNER'S REPORT TO THE TRUSTEES OF THE FRIENDS OF YORK MINSTER I wort to the trustees on my examir)ation Of the nts of FrierKIs of Yoth Minster Ilhe charity) for the year erKled 31 Decerrthr 2024. This report, indudiro my stat8m8nC has pryred for and onty for the charity's tru8te8S as a body. My work has been Lndortaken so that I might stale to the tharity's trustees those matters l am reqUIrj to stste lo them in an independent examinerfs report and for no other purpose. To the fvllegt extent permitted by l•v, I do not xcepl or assume respon$ibilty lo anyone oth8r than th8 charity and tho charity's tTusle8s as a boty for my independent examination Wk, forthis rep)rL orforthe OkHnions I have lomd. R¢sponslbllllle8 and basls of report As the Iruee5 of the ¢harTty you are respons)le for the preparatDn of the accounts in accordance with the requirements the Charitieg Act 2011 {Ihe A¢l. I report in reskct of my examination of the charity's accounts carrEd out under sm)n 145 of the Act and caryirvJ rny exarninth.on I have followed all the applicthl8 Dir8Ction$ given by the Charity Commission under wlion 145(511bl of the Act. Indopgndent oxamlner's statement Since the Charitys grc6s income exc£erled £250.000 your eXIner must be a member of a body listed in Section 14S (rf Ihe 2011 Acl. I confirm that l am qua1rf5ed lo undertake the examination trtauge l am a member of InstitLrte <rf Chariered A¢¢ountants in ErwJland and Wales, whKh is one of the listed bodies. I hav8 complgt8d by examin1. l ¢[M that rn) materTal matters have come lo my attention in COnntK)n Vth the examination gmng caiise lo believe that in any material respect ac(y)unting records were not kept in reswl of Ihe charity a8 requred by section 130 of th8 Ac(. or 2. the xcounts do not Co[d with fts)se rwds" or 3. the coUnt$ do not comply wilh tho app1e requirements conceming the fom and content of accounts set out in the Charitses {AccLNJnts and Reports} Regulalions 2008 other than any requirement that the &counls give a Yrue and fair Vie whith is not a matter ¢C81derA as part ofan independent exwnination. . l .have M concerns hgve.come across no other mattors in cnactiOn with the examiiation to which att8ntion shwkj be drawn in this report in order to enable a prcyer understaThJing ofthe accounts to be reath. Jessica Lawrence FCA CTA Azots Audit Semces Limited 12 King Stre81 Leeds LS12HL 0610512025
FRIENDS OF YORK MINSTER IA Charltsbl• IncoOted Org•nls•tlonl STATEMENT OF FINA14CIAL ACTNITIES Ilncjudlng Income and gxpendlture a¢Unt}f0r the Jwrended 31 D•c•mb•r 2024 Total Fwds 2024 Total Funds 2023 Funos 2024 INCOME DCallonS and LadeS In¢ome from Charltsble A3AMdes Irwgstsllent Income 798.058 54.372 12.846 10,000 808,058 54.372 12,846 65,335 38,811 10.016 Total Income 865.276 10.000 114,162 EXPENDrruRE Ch8ritsbl& Athlias .8 10,000 1,(X)0,890 339,tX13 rotal Eyndlturg 10.000 1.(M)0.890 339,tXJ3 Nel expandire for Ihe year and nei rrrf)vemert In fund8 125,614 125,614 224,841 R•conclllatlon of Funds FUND BALcEs BIF 2.210 349,094 573.933 FUND BALANCES C 15 221,270 2.210 223,480 349.094 Thg stalerner)t of11narKW adNths Indude5 al galns and k)sses rewised In tho yw. All Income 8rKI 9xpelitUr9 derive from ctinuIng ac4wlkne5. A comp8ratlv8 St8tèm8nl of HnÈnd81 Athtt*s forth8 yearend&J 31 Dter 20231$ at noto 17. . .The notes on pa 1110 20fL¥m part c4 these ffian(¥al statem.
FRIENDS OFYORK MINSTER IA Charitab19 Ineo4>Qrnted OrganlBatlonl BALANCE SHEET 31 December 2024 2023 FIXED ASSETS Tangible As8el8 12 CURRENT SETs stocks Debtors Cash al 3ank & in Hand 13 7,135 301.613 14,105 578.097 593,1fj6 LIABIUTIES clIt fallkng due WINn ¢)ne year 14 85,414 244,072 NET CURRENT ASSETS 223,480 349.094 TOTAL ASSETS LESS CURRENT UABILMES 223,480 349,094 FUNDS Unrestrkled Funds Roytrictsd Funds 15 221,270 2,210 346,884 2,210 349.094 0110512025 Th?finandal ststgfflts werg aly0$ Lry the Trustee8 on .............................. aTrJ 8jd on thr teholfby. Julia Chart*on-W$6ty MRS J CHARLTON4YEEDY MR S OBRIEN Treasurer
FRIENDS OFYORKMINSTER IA Chèrltsblè Ineofj)oratéd Oryanlsallonl STATEMENT OF CASH FLOW Forth• year ended 34 December 2024 2023 Net cash ab¥ort>ed by Oporatlng acUvlt1 {S below} 1289.330) 169,9701 Cash Ilows frorn InNYStlng admths Invagtm6nt Ineome 12.846 10.016 Cash US In Investlng actlvltlos 12.846 10,016 Decrease In cash and cash •quIvAlènts In tho ar {276.4841 159,9541 Cash and cash equlvalents al the b¢glnnlng ot the y•8r 578,097 638,051 Totsl eash ond Cash equlvalants atth• end ofthe year 301.613 578,097 RECONCILIATION OF NET MOVEMEwf IN FUNDS TO NEf CASH FLOW GENERATED BY OPERATING AGfiviTIES 2024 2023 Nat mov8m8nt kn funds Less Investment incy)me Dacreasè I (Incr0) In skKks Dgcr8ase I Ilnueasel in delA(xs (Decreasol I Increase in crethlors. N8t 8bsort)8d by 0parath aclMI&s (125,6141 {12.8461 818 6.970 158.668 1224,8411 110,0161 11621 {6,4101 171,479 69,970
FRIENDS OF YORK MINSTER IA ¢harhablg Incorporated organ1) 11 NOTES TO THE FINANC STATEMEiirs 31 DgcFJmber 2024 ACCOUNTING POUCIES Thè prfndpal 8ccrAJntTng adopt8d, jIgments a] key g>Jrces of estlmakn uwt8lnty In the preparatior) ofthe fin8w8J slalements are as follows.. Aceountlng Conwntlon Thè accounis havèhèan prgp8wI In ac(¥d#n¢e AoxJnllng aThJ Repcwtlng by Charltbs.. Stslement of Recommended Practice appIati1& to K¥aparing thek #CiltS In a¢cordancL wlth tho Flnmncld Repting Standard in tho UK Repu of Ireland IFRS 1021 leffeGtiYg 1 January 20191 Ithariti88 SORP IFRS 1021.1. the Flnandal Repor Standard qDkllcat4e In the UK and RebI of IreSarttl IFRS 11y2) and Chariti8s Act 2011. Frfènd5 of York Mknster nlS dgllnitth of a put4k t9fitellty Lmd8r FRS 102 As%ts and liabilit$ or¢ inibaly reciNJnisgd at h181(¥1 ctxst or transact vdu8 lesS oth6rMso stated in th9 relevant a¢xyxJntiw r¥)te5. Gglng Conrn The Trustees have a reasCtre expectalon that the Charfty hos $dequalo resuurcgs to (tinue In •$1n¢0 tho f8$e&36 luiure. Thg Charity ha5 stroro cash reserves and is aile lo vay tts grant award$ 3rdivJIy. The ¢tiNUe to believe the goiThJ concem basis of acc4NJnlltyJ is appr(wate in weparing the financial statements. Income Recognltlon Pollcles Income represents al resources whKh avallaNe to the Charity bui exdS gain8 on 1nVestrnen Grarrts. legacies aThJ {k8t$ 8rKI associated gift aid are rgn1$able wn Ihe Charity b8(x)mes 8nliUed to re1ve the funds, when it is wobable Ihat the furKJ5 wl be rgceived ..and that they-can be measured wilh aojjracy. IJN88tmènt in(xKne is rwnlsl on an gc(¥uals bws wmpiises of intot receNaLA8 thJrirKJ the accntkng parfod. Subscripltons for Nfe membership ara Credrft to thè inc(¥ne acrnunt as ihey we r1ved. In view of thg of lrfe subwptions reced eVy the Trustees do t beli6¥6 that this Irealmenl distorts the oveAall resuhsof th8 Carfty. Fllends fvnthaising a(1J'vit inrThne represents gross frn events and frorn sales of nrchandL8e In the year. ENpendltur• ExpendibJr& is rgxwJni%ed in the peiiMI th whk it is and indud8s attribjtable VAT Vthlch ¢anrK)t be r8(X)V8red. Charitable expenthture IIKe c£6ts IncaJrr•d by In thè drar of Its advlles Ènd servtss for lis b2nth'ari&s. It in(Jdes th costs that can be direcuy alocat8d to 8uo* 8divibe8 and Ih)se costs of 8n iThlirect nature r£cwsaryto supp(Ml th¢m. SuptK)rt Costs WK4ude tl¥J88 rKurrwJ n SUFwting thewtyk of Ihe Charfty. ActIvig8 includg the u)3ts of (wJani51ry eX¢xrs]c tharitable events to prc0t8 the worf( of the Charity and supm costs are akwated Ihe bos($ of slaff &bvity.
FRIENDS OF YORK MINSTER IA Charftablé IncoOr¥t•d Oruanlsatlonl 12 NOTES ro THE FINANCIAL STATEMENTS Icontlhuod) 31 Dtt¢mbgr 2024 ACCOUNTING PQUCIES Icontinugd Exp0ndlre Icontlnued) PublISh5 kncludes th6 costs of pr0dln9 pullitionS to prom(rt8 th8 Charity. Swport costs 8r6 010¢gtsd on th& basts irfstsff adivity. Grant$ Grants payable are o)mrnitments {inchJdiThJ pay7nentsl math to thlrd parltes In ts furtherance ofthe charStable ¢bl.Ve$ of ts charity. sltwJ Orm1year grawts are accxjunted for as grants payablo when ailher th8 recip1 has a fvasonabl8 eypectsbon that tw wil recefve a grant and the Twsle8S have agreed lo pay th8 grant Ythj1 orthè radii8nt h&8 8 rèasOnae eXpalC that Ihey wlll rec¥¢ a grw)t and 8ny ¢ofKliti)n to Ihe grant15 ouiside the control ol thè eharity. Fund Accountlng Funds hekl bythe Charityare either Unrestrkted Fund5 Unrestrled funds represent funds whlch are Bxpetvjabk at the disuelion of th9 Truste88 In the furtheranc of thè ows oftho Charfty. SLKth fiJrKls may b8 hdd In order to finance both workthg ¢apttal and capital invest1 and IUde deshJnat&J fils. Restrfcled Funds R$81rided fvnds e fund8 that can onty be used kn a spedfic PLWF4)Se VAthln thg of fhe Charity. Restriclions arise when specified by th& fd$ are raised for partiojar r¢strKI purp0808. Tho detslL4 of thg restrt(Jx are detailed In note 15. Staff Costs <x)sts of 51KJrt term empk)e benefft5 are rc0JnISed a5 a fiabaty aThJ an èx[)$6 whwe setuemenl of obliJations does Jb)t fal within thè samè pathl. Tanglbl• Flx•d Assèts Indfvidual fixed assets costing f250 or mcfe are c4ytdlsed at and ar8 d8pro¢Kql8d over 4 years on a str81ghl Ilnè bos1& stocks Stocks ar8 v81uéd at thè k)w8rof&xt •KI net r8atsat49 value. after allowance for obsolete and slow moving items. Cash at Bank and In Hand Cash at bank and cash in hand ¢xsh aThJ temi hty IUkI Inveslments wlh a maturfty 12 months after the ba S9¢ data. Debtor Debtors are rec&Jrused at the setknent arMLmL Prewiwits gt thg amount prepaid nat of any dtgCots dua.
FRIENDS OF YORK MINSTER {A Charltable Incorporated OrganSsatlonl 13 NOTES TO THE FINANCIAL STAIEMENTS IntInued) 31 Doc•mb6r 2024 Credltovs and Provlslons CrlItOrS, b$ and provwons are rwni5ed where the Charky has a [eSent 01AlgaOn resulting from a past e[rt that prLTraLty r95Utt irb trrfel5 of fwKl¥ to 8 third paty WKI Ihe amount du8 to S8tt18 the obligafjon ¢xn b8 rn8aW or esljmated relHbty. Cr&JitS and provL4on5 ar norm&Uy rwiised al th8k setuement vau8 after aknthg for any di8Unts whkh may be due. Financial liabil aro onty d8rwi8ed when, and ortywhen, Charitys obligalions ar& discharged, cancelled or fjw expire. Amounts rewJnlsed as provkslons best esJmatos ol consideration requir1 to s6tlJ& tho prossnt oblEwbon 81 th& re[ftg dat8, laklng Into accL•unt tho risk8 taine5 surrourxl1j the obath)n. Flnanclal Instruments The Charity has elected to aFpty the of Section 11 '8aslc Flnancial InstWmts' aThJ Sedion 12'0ther Fln8nd81 Instmm8nts Issuès. of FRS 102 to dl of ts fqwiiial Instruments. Pon0 Costs The 8 Parb¢tiwj emknr in the Curth Work3 Pension Fund fcwpF"l. Thls scherne has both defined benefit and defined rknon ekn£nts vAlhin tts overall mBrnb8rship. The charity and 8mploy88. curr8nty only parti(llpatè on È dfvd umtribution ba81& ContribulKbn5 made lo the Scheme during the Jpar are chwged to the 8tslement ol finanoal actsVit as IrlTed. Taxatlon As a ¢harfty Friend$ of York Mk)ster Irom tax in(x1 aThJ 9ain8 recved thkn categories LYver8d by Ch4)teT 3 Part 11 c(Wat Tax 2010 cff s256 ofth& TaxBtkJn of Chargeable Galns Act 1992 to the extent that Itrw a pi¢d to its (aritable objects. No tax ¢hawè h&8 arfsÉn In thé ar. Slgnlfi¢•nt Judgomonts #nd Estlmats . In 8pKIKxtion of the Ch8rity$ acttmmting w4Kies, Trustees are lTed to make judgmet, estimates and assumptions about the carrrd arnothtt of Bssels and li8blrtiB5 that arB rwjt readi 8ppar8nt from other scxjrs. Th& &slmat6s Ènd tigs()tsat8d assumptS ar8 based ¢m historical experien(¥ and other fact Ihat are C18[ed lo be rdevant. Actual resulis may differ from th8S8 estimates. The gstimatss and uThI8rflJ &8surnpti¢M8 are reVIj an orIng basis. Revlskjns to aco)unliro estimates are rec11 in Ihe perK¥J in whlth the estlmat& Is revlsed. If tha reYisKin 8ffe¢ts L)lyth8t ri0d. in the w¥yJ of thg rew$Kbn arxl future perKNJs rfthg revislon affects both current and ftknjre perh)ts. ceAt •stlmat•: Legaues are rec11 as kKome VA1 wobate has teen giant. tha has 6St81$h9 yts entitknnt to tho fiJrKts arKI vhwe sufvaent Irf(¥Mati 15 available to allow tt to measure its ¥d88d entilthent LEGAL 8TATU8 OF THE CHARrrf Frfends ofyork Mhster Is a charltable Irted wJanks8Uon rister1 in Eryland and Wdes l¢harity registrati number 1$ 119751. The cffiespKMd8nc8 ad(k885 is Former Minstsr Schcd. 9 Min8tgrYwd, Dgan8gate. Y(xk. Y017JIi
FRIENDS OF YORK MINSTER (Achadtablo Incorporatsd Organlsatlon) 14 NOTES TO THE FINANCIAL STATEMENTS {contlnu•dl 31 Dec•mb•r 2024 LEGACIES AND DONATIONS Rathctsd Total FU Funds 2023 Fur$ FuThJs 2024 FuTrd8 2024 2023 2023 Legacie818ee belTh¥l DOnaUcS 784,730 13,328 798,058 10.oc 10.oc 794,730 6239 41.823 17,273 48,062 17.273 65,335 41.823 Legades recdved in the yw Fwd$ 2024 2024 Jlll Muff The Goldlhorp8 bequest John Morfey DrAlenby Brian TPSett others Less in 2023 760.0 14.629 7eiJ.o(KJ 14,629 10,orx) 8,OCKJ 5,0 4.201 7,100 794,730 10,1))O 4.201 7.1(M) 784,730 10,CA)O INCOME FROM CHARITABLE ACTMnES T¢al Funds 2023 Fwds Funds 2024 2024 2023 Friend8. ld Nsing athitie8 SubscriptN)ns & Membershlp Incc(r .795 18.564 11.938 20,349 3,926 2,600 38,811 11,936 20.349 3,926 18.564 1500 2.513 54.372 Sde of Xmas cards. b¢))ks and bags 54,372 38,811 ISTMENT INCOME Total Funds 2023 FuThJs Fu6 2024 2024 2023 2023 Bank Inth8t 11846 12,846 10,016
FRIENDS OF YORK MINSTER IA Charltabla Incofjboratod Organlsatlonl 15 NOTES TO THE FINANCIAL STATaiENTS leonunuwl) 31 D8cgmber 2024 ANALYSIS OF EXPENDrruRE ON CHARITA8LE ACTivmES Grants Activities Put4iBhing 2024 2024 2024 Total 2024 Grants rKAe 81 Actimlies Publlshing staffing Office & Other Admin Costs Govefflance Support Costs 939290 23,336 7.349 4205 1,547 YJ.336 7,349 2,803 1,031 5,181 129 19,186 477 ,657 27,776 516 150 9,457 19.813 1.000.890 Grants PLlJlshing 2023 2023 Total 2023 Grants (see note 8) Actlvities Putdishiro Staffln9 Govemance SuFyort Costs J3.521 301521 6.263 6263 2,097 103 1,048 107 3,14S 5,219 14,368 339.003 13,(MJ8 321,538 9,368 8.097 ANPLY818 OF GOVERNANCE SUPPORT COSTS The charity inalty entIfi8$ ts cosis of Its supwffl fvn¢lh)n8. It then Kl8ntifies Ihose costs whith relgte to th8 governan function. The table sels the bgsb for OFPOrtk)nment and the anajiS of suPt and 9)YematK8 rxtsts. Totd Basis of Apporuonment 2924 2024 2024 Iependent Exanknevs Fee oth8r Profes¢ Fegs Legal Fees Staffing 2,520 adual costs 40Ct aclual co&*s 2.430 odu81 Gosts 14.485 pro rata 5,328 wo r8ta 25,163 14.485 5.328 19,813
FRIENDS OFYORK MINSTER IA Charftsblo In¢orporated Orygnlsatlonl NOTES TO THE FINANCIAL STATEMENT5 leohttnu8dl 31 December 21124 ANALY818 OF GOVERNPJICE AND SUPPORT COSTS Iconttnuodl Tota Basis of ApFrfN)nm8nl 2023 2023 Indèpènd)t EXaminS F6 other Prof&%siond Fees Legal Fees Stsffing Office & Other Admin Costs 1.875 1.875 acfual costs 390 actud costs aGlu costs 9,085 pro rata 8.235 pm rbta 19,585 9,085 5.281 14,366 5.219 ANALYSIS OF GRANTS laADE Total Funds 2024 Fund$ 2024 2024 York Minster Fund PhD Sbjdent Research Prc40 Path to Pilgrirnage Pubbcat Flowers John M(#ky B8quasI . Unused l exce3s commitments sy)o,000 32,000 3,042 750 lo,0 8.5021 939.290 32,IX)O 7SO 10.OIKJ 29.2 10.000 Anatysts of Grnnts Alade. prevlous Tola FuS 2023 2023 Memcfjial Benth on Cc4bJe Green FvndiDg of New Chdr MerntW5 Appfentirx R¢x)m in Centre of F11e Choir Rot19S Chapter House car Water Folmts sirTh[bla FlrvJers 20,00 185,000 70.000 20,000 3,041 2.480 2,000 1,000 303,521 1&5,CiM) 70.0 3,041 98,521 205,OLXI
FRIENDS OF YORK hllNSTER {A Charltablo lrtorporntsd Orgonlsatlon) 17 NOTES TO THE FINANCIAL STATEMEp¥fs Icontlnued) 31 December 2024 NEf EXPENDnURE FOR THE YEAR Is slated 8fttrr tharglTrJ 2023 Independent Examlnerfs Fee 2.520 2,265 10 STAFF COSTS & NUMBERS Staff o)sts W•T•: 2024 2023 Wages & Salarns Sodal S6rIty Costs Pension C(ksts 16,829 13.620 821 536 14.977 18,166 No e8mgd ex(xs8 of £fjO.C p.a. The average nutnLw of durry . (¥kxAthd on the basis offrjll time &wlvalènt4 was as fdkpws.. 2024 Number 2023 Numbgr Administrab Key Mnment P•rsonnel The Charlty conslders It$ key maThawnt petsne1 lo be the tru8tee8. No ramuaOn was paid to any trust•8s12023.' £nil}. Expertses of £257 were mtrrSed lo 1 trustee tJrfThJ tha y8ar120Z3.. £nll}. 11 RELATE[) pAitrY TRANSACTIONS No truslge orother person related to th& tharity had any persorol interest n any ¢ctraC[.0r trdnsaclion entered into bythe thritydurirKJ Ihe year {2023.. £NII.
FRIENDS OF YORK MINSTER IA Charltable Incotporaled Organlsatlonl 18 NOTES TO THE FINANC STATEMENTS Inn(lad) 31 Dgcombgr 2024 Offi¢• EquIpnt 12 TANGIBLE FIXED ASSErs COST At 1 January 2023 Additkis DissaI$ At 31 December 2024 DEPRECIATION At 1 January 20Y3 Charge for the year On dIsposS At 31 D¢c8mbor 2024 3,059 3,059 NET BOOK VALUE At 31 December 2024 At 31 DeMbr 2023 l fix ass8ts aré u81 kn dlhe obie&s. At 31 December 2024 the charlty madè capltil thmiiknents £nil {S123.' 1). 2024 2023 13 DEBTORS rued Income Rocoverable Tax (Glft Aldl 10,179 3,926 14,105 1453 7.136 2024 2023 14 CREDITORS: 8nYxJn18 f4lng dwithIn ong Jwr. Accruals Agr88d grants not 5*1 sw 7.501 71.913 85,414 236,112 244,072
FRIENDS OF YORK MINSTER {A Charitabh Incorporated Organlsauon) 19 NOTES TO THE FINANCIAL STATEMENTS Iconllnued) 31 December 2024 15 FUNDS CIF 31-Detr24 018nrts Irwxwnfr Eyndilur& Unrostrl¢Dd Funds G8n8ral 346.884 865.276 990,890 221270 Rfrstrfcted Funds JO Nort Fund John Morfey Bequest 2.210 2,210 10.IX)O 10.C¥)O 10,000 2.210 2,210 TOTAL FUNDS 349,094 875276 Analysts olmovementsln Funds.prnvlousyear 01-JarF72 ljy>xnè EXpthre 31-Depp23 Unro8trld¢d Funds General 130.tr20 346,884 Rostrfcted Fund¥ Joyce N[knn Fund 165,387 45.2D6 208,383 2.210 TOTAL FUNDS 573,935 114,162 &39.003 349,094 PuJpos8s ofR0str Fvnd&" Joyce Norton Is restricted to (*oral pUrkK8. John Morf8y B4LBSt to luNI th8 ¢r6alkn of"Nww Muslu"
FWENDS OFYORK MINSTER (A Charltablo Incorporated lknnlsatlonl 20 NOTES TO THE FINAJ4CIPI STATEMENTS Icothugd) 31 DOG•mr 2024 ANALYSIS OF NET ASSETS BEfwEEN FUNDS Total 2024 2024 Current Assets Cr8thtors'. due vAthln ye 276,684 55A14 221.270 32.210 30,IX)O 2.210 3D8.894 85,414 223,480 Aft•lysl$ olNgtA5sets tseth Funds.wevlous year Total 2023 2023 2023 Fixed Ass8ts Current Assets Cr8(thtors.' due vAlhln y 385.956 139,072 346.884 207.210 S93.166 205,OtKJ} (244,072 2,21 D 349.094 17 STATEMENT OF FINANCIAL AcmvmES . ¢ompwatlb Tol Funds 2023 Funds 2023 INCOME Donations and Legacles. Inoome fr( Charkak4e AGtI Invegtrnènt Income Totsl Income 23.512 38,811 41.823 65.335 38.811 10,016 114.162 3,383 68,956 45,206 EXPENDITURE cnt&e ActivEbes Total Expendlture 130,) 208.383 130,620 208,383 339.003 339,003 Net exFwdituTg fortho ytrar {61,664> {163,17n 1224.841) Transfgrs bgtw¢•n Funds Nèt MOVll•nt In Funds (61.Wl {163.1771 (224,841) Roeonclllatlon of Funds FUND BALANCES BIF 40B.548 1&5W7 573,935 FUND 8ALPNCES CIF 346,884 2210 349,094