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|Contents|||
|---|---|---|
|||Page|
|Charity Information
.|||
|Trustee's
Report.|||
|Independent
Auditor's|Report||
|Statement
of Financial|Activities. .||
|Balance Sheet||12|
|Statement
of Cash Flows||13|
|Notes to the Financial|Statements .|14|
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|20-year Glass project
South Quire Aisle and St Cuthbert's
window
Apprentices
and project management
Centre of excellence
and Neighbourhood
plan fees|E468,283
E512,204
E153,859
E994,315|
|---|---|
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|||||Restricted
Funds|Endowment
Funds|Designated
Funds|Unrestricted
Funds|Total
Funds
2022I|Total
Funds
2021
E|
|---|---|---|---|---|---|---|---|---|---|
|Income from:||||||||||
|Donations
and|legacies||2|156,859|65|132,779|469,075|758,778|1,854,723|
|Fundraising||||105|||457,896|458,001|12,832|
|Grants
and Trusts||||15,000|||3,600|18,600|341,008|
|Investments|||||85,820||381,311|467,131|478,758|
|Totalincome||||171,964|85,885|132 77g|1,311,882|1,702,510|2,687,321|
|Expenditure
on:||||||||||
|Raising funds|||3|1,674||27|363,697|365,398|99,246|
|Charitable
activities|||4|1,149,525|1,378|1,103,243|153,291|2,407,437|1,865,639|
|Total expenditure||||1,151,199|1,378|1,103,270|516,988|2,772,835|1,964,885|
|Net (expenditure)/income||||||||||
|before other|recognised|||(979,235)|84,507|(970,491)|794,894|(1,070,325)|722,436|
|gains||||||||||
|Realised
and unreaiised||||||||||
|(iosses) / gains|on||9||(363,885)||(1,693,303)|(2,057,188)|1,096,183|
|investments||||||||||
|income||||(979,235)|(279,378)|(970,491)|(898,409)|(3,127,513)|1,818,619|
|Transfers
between||funds|'
12,|888,165|(77,605)|297,097|(1,107,657)|||
|Net movement|in|funds||(91,070)|(356,983)|(673,394)|(2,006,066)|(3,127,513)|1,818,619|
|Funds brought|forward|||752,191|2,923,647|3,261,797|10,406,549|17,344,184|15,525,565|
|Funds carried|forward||3'
12,|661,121|2,566,664|2,588,403|8,400,483|14,216,671|17,344,184|
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|alance Sheet||as|a|t 31Decem|ber 202|2|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|||||||Note|6||
|Fixed assets|||||||||
|Tangible assets
Investments||||||8
9|1
13836 525|1
16660 629|
||||||||13,836,526|16,660,630|
|Current assets|||||||||
|Debtors||||||10|235,772|273,689|
|Cash at bank and|in|hand|||||793841|1 213 131|
|Total current assets|||||||1,029,613|1,486,820|
|Current
liabilities|||||||||
|Creditors:
amounts||fallin||due within one|ear|11|649468|803 266|
|Net current assets|||||||380 145|683 554|
|Net assets|||||||14216671|17344 184|
|Funds ofthe charity:|||||||||
|Unrestricted
funds|||||||||
|Unrestncted
funds|||||||8,400,483|10,406,549|
|Desi
nated funds||||||12|2 588 403|3 261 797|
||||||||10,988,886|13,668,346|
|Restricted
funds|||||||||
|Restricted
income|funds|||||13|661,121|752,191|
|Restricted
endowment|||funds|||13|2 566 664|2 923 647|
||||||||3,227,785|3,675,838|
|Total funds||||||14|14216671|17344 184|
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|r the ye|
ar ended|3|1Decembe|r|20|22|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|||||||||E|
|Cash (used|in)/generated||from operating||activities||(1,653,337)|1,047,985|
|(see below)|||||||||
|Cash flows|from investing||activities:||||||
|Investment|income||||||467,131|478,758|
|Purchase
of|investments||||||(33,084)|(1,289,239)|
|Proceeds from sale of investments|||||||800,000|509,966|
|Cash generated
by/(used|||in) investing|activities|||1,234,047|(300,515)|
|(Decrease)/increase
in cash|||and cash equivalents|||in the|||
|year|||||||(419,290)|747,470|
|Cash and cash equivalents||at the beginning||of|the|year|1,213,131|465,661|
|Total cash|and cash equivalents
at end|||of|the|year|793,841|1,213,131|
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|conciliati|on|ofnet|moveme|nt|in funds to n|et cash flow fr|om operating
activ|ities|
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|||||||||E|
|Net movement||in funds|||||(3,127,513)|1,818,619|
|Adjustments||for:|||||||
|Investment|income||||||(467,131)|(478,758)|
|Losses/(gains)||on revaluation||of|investments||2,057,188|(1,096,183)|
|Decrease|in debtors||||||37,917|217,893|
|(Decrease)/increase|||in creditors||||(153,798)|586,414|
|Net cash|(used in)/generated||||by operating|activities|(1,653,337)|1,047,985|
|nalysis of|cash and||cash equivalents||||||
||||||||2022|2021|
||||||||E|E|
|Cash at bank||and
in|hand||||416,957|472,469|
|Cash held|by|brokers|||||376,884|740,662|
||||||||793,841|1,213,131|
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|Totalincom|e|e||17|1'964|85'885||132779|1,311,882
1,702,510|1,311,882
1,702,510|
|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|grants||and trusts|income|includes|Coronavirus|job|Retention|Scheme grants of Enil (2021||
|E17,302).|||||||||||
|||||||||||2021|
|Prior Year||||Restricted||Endowment||Unrestricted||Total|
||||||E||E||E||
|Donations|||||73,272||250||114,122|187,644|
|Legacies|||||24,595|||1,642,484||1,667,079|
|Total donations||and|legacies||97,867||250|1,756,606||1,854,723|
|Fundraising|||||||||12,832|12,832|
|Grants
and|Trusts|||136,500||46,|106||158,402|341,008|
|Investment|income|||||84,812|||393,946|478,758|
|Total income||||234,367||131,168||2,321,786||2,687,321|
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|||||||||||2022|
|---|---|---|---|---|---|---|---|---|---|---|
|Current Year|||||||Restricted|||Tota I|
|||||Restricted|||Endowment|Designated|Unrestricted|funds|
|||||||E|E||E|E|
|Fundraising|and|publicity||||1,674||27|106,045|107,746|
|Support costs —staff costs|||||||||84,794|84,794|
|Events costs|||||||||172,858|172,858|
|||||||1,674||27|363,697|365,398|
|||||||||||2021|
|Prior Year|||||||Restricted|||Total|
|||||Restricted|||Endowment|Designated|Unrestricted|funds|
|||||||E|E||E|E|
|Fundraising|and|publicity||||313|||16,106|16,419|
|Support costs —staff costs|||||||||82,525|82,525|
|Events costs|||||||||302|302|
|||||||313|||98,933|99,246|
|4.
Expenditure||on charitable|||activities||||||
||||||||Grant|Direct cost|Support|2022|
|Current Year|||||||funding
ofactivities|ofcharitable
activity|costs
(Note 5)|Tota I
Funds|
||||||||E|E|||
|Grants to|The Chapter||of York||||2,160,719|||2,160,719|
|Grants to|The York Glaziers'|||Trust|||84,552|||84,552|
|Heritage|Lottery|Fund|Endowments|||Fund||1,378||1,378|
|Other costs||||||||18,300|142,488|160,788|
||||||||2,245,271|19,678|142,488|2,407,437|
|Prior Year|||||||Grant
funding
ofactivities|Direct cost
ofcharitable
activity|Support
cos'ts
(Note 5)|2021
Tota I
Funds|
||||||||E|E|E|E|
|Grants to|The Chapter||of York||||1,576,698|||1,576,698|
|Grants to|The York Glaziers' Trust||||||49,629|||49,629|
|Heritage|Lottery|Fund|Endowments|||Fund|45,000|6,590||51,590|
|Other costs||||||||47,065|140,657|187,722|
||||||||1I671~327|53,655|140,657|1,856,639|
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|Support|costs||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|E|
|Auditor's
remuneration|||||7,200|5,340|
|Legal and professional
Staff costs (Note 6)
Office expenses
Catering
Insurance|||||11,142
191,088
8,986
2,951
3,715|14,344
190,969
10,188
1,146
837|
|Travel|||||283|147|
|Sundry
Bank char|es||||1,583
334|211|
||||||227 282|223 182|
|Analysed
Expenditure
Ex enditure|as follows:
on raising
funds
on charitable
activit|||(Note 3)
Note 4|84,794
142 488|82,525
140 657|
||||||227 282|223 182|
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|Staff costs|||
|---|---|---|
||2022|2021|
||E|E|
|Salaries|158,850|154,699|
|Social security costs
Pension costs|17,524
14714|15,844
20 426|
||191088|190969|
|2022|2021|
|---|---|
|4|5|
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|Net m|ovements
in|funds|||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
|Is stated|after charging:||||
|Auditor's|remuneration|—Audit|6,000|4,450|
|Auditor's|remuneration|for other services|9,285|8,630|
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r the year ended
Tangible fixed assets|
31|
December 2022|||
|---|---|---|---|---|
||||Office|equipment|
|||||E|
|Cost:|||||
|At 1 January 2022||||9,097|
|Additions|||||
|As at 31 December 2022||||9 097|
|Depreciation:
At 1 January
2022||||9,096|
|Char e for the
ear|||||
|At 31 December 2022||||9 096|
|Net book value|||||
|At 31 December 2022|||||
|At 31December 2021|||||
|. Investments|||||
||||2022|2021|
||||E|E|
|Market value as at 1 January||2022|16,660,629|14,785,173|
|Additions
at cost|||33,084|1,289,239|
|Disposal proceeds|||(800,000)|(509,966)|
|Realised
and unrealised|gains||(2,057,188)|1,096,183|
|Market value as at 31|December 2022||13,836,525|16,660,629|
|Historical cost as at year|end||12,650,574|13,391,066|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||E|E|
|Other|debtors|and|prepayments|235,772|273,689|
|||||235,772|273,689|
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|
for the year
11.Creditors|
en|de|d|
31D|e|cember|2022||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|2021|
|Other creditors|and|accruals|||||||649,468|774,766|
|Deferred
income||||||||||28,500|
||||||||||649,468|803,266|
|Reconciliation|of|grants||payable|||||||
|Commitments|brought||forward||||||729,431|86,976|
|Grants committed||in the year|||||||2,245,271|1,671,327|
|Grants
paid during||the|year||||||2,372,604|(1,028,872)|
|Commitments|carried forward||||||||602,098|729,431|
|Deferred
income|relates to events||||income
in advance.||||||
|12. Designated|funds||||||||||
|For the year
31December|ended
2022||Balance
13anuary|||as at
2022|Income|Expenditure|Transfers
Balance as at 31
December 2022||
|||||||E|E|E|E||
|Centre of Excellence|||||2,300,000|||(703,024)||1,596,976|
|RRD Project||||||50,000||(52,801)|52,801|50,000|
|South Quire Aisle||||||85,427|||(35,427)|50,000|
|St Cuthbert
Window||||||207,239||||207,239|
|20 Year Glass||||||253,437||||253,437|
|Masterplan||||||221,290||(291,291)|195,000|124,999|
|Queen
Elizabeth|Statue|||||30,000|||(30,000)||
|Apprentice
support||||||87,404||(51,337)|99,933|136,000|
|YMF Music||||||7,000|132,779|(27)||139,752|
|Funds under 620,000||||||20,000||(4,790)|14,790|30,000|
||||||3,261,797||132,779|(1,103,270)|297,097|2,588,403|
|For the year
31December|ended
2021||Balance
13anuary|||as at
2021|Income|Expenditure|Balance as at 31
Transfers
December 2021||
|||||||E|E|E|E|E|
|Centre of Excellence|||||||||2,300,000|2,300,000|
|RKD Project||||||50,000||(42,397)|42,397|50,000|
|South Quire Aisle||||||327,337|||(241,910)|85,427|
|St Cuthbert
Window||||||90,259|||116,980|207,239|
|20 Year Glass||||||630,635|||(377,198)|253,437|
|Masterplan||||||400,000||(178,710)||221,290|
|Queen
Elizabeth|Statue|||||90,000|||(60,000)|30,000|
|Apprentice
support||||||92,033||(49,629)|45,000|87,404|
|YMF Music|||||||||7,000|7,000|
|Funds under f20,000||||||20,000||(17,798)|17,798|20,000|
||||||1,700,264|||(288,534)|1,850,067|3,261,797|
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||||Balance at 1|||||||Balance at|
|---|---|---|---|---|---|---|---|---|---|---|
|Current year|||January
2022|Income|Expenditure||Gain on
investments|Transfers|31|December
2022|
||||E|E||E|E|E||E|
|Restricted
income funds:|||||||||||
|South Quire Aisle||||38,651|(512,204)|||473,554|||
|Stone Yard Apprentices|||62,479|2,000|(102,522)|||38,043|||
|Crypt Monitoring
Education|||34,154
21,921|||||||34,154
21,921|
|Library|||1,056|||||||1,056|
|Music|||12,062|8,100|(13,317)|||1,399||8,244|
|Minster Organ|||2,499|105||||||2,604|
|Choristers|||46,208|||||2,396||48,604|
|St Cuthbert's
Window|||392,761|100,108||||||492,869|
|Liturgical
Worship
(legacy)
Queen
Elizabeth
Statue|||1,000||(35,979)|||35,979||1,000|
|20 Year Glass|||178,051||(468,283)|||336,795||46,563|
|)ubilee||||23 000|(18,894)|||||4,106|
||||752,191|171,964|(1,151,199)|||888,165||661,121|
|Restricted endowment||funds:|||||||||
|The Heritage
Lottery Fund
Heritage
Endowments
Fund|||2,793,842|82,089|(1,378)||(347,752)|(73,810)||2,452,991|
|Chonsters
Endowment|||81,970|2,396|||(10,188)|(2,395)||71,783|
|Music
—Pillin
Endowment|||47 835|1 400|||5,945|1 400|i|41 890|
||||2 923 647|85 885|1 378||363885|77 605|i|2 566664|
|Restricted endowment|fund|s:||||||||
|---|---|---|---|---|---|---|---|---|---|
|||Balance at 1|||||||Balance at|
|Prior year||January
2021|Income|~xpenditure|||Gain on
investments|Transfers|31December
2021|
|||E|E|||E|E|E|E|
|Restricted income funds:||||||||||
|South Quire Aisle|||47,597||(359,508)|||311,911||
|Stone Yard Apprentices||96,204|2,000||(35,725)||||62,479|
|Crypt Monitoring
Education||34,154
21,921|||||||34,154
21,921|
|Library||1,056|||||||1,056|
|Music||10,910|12,603||(12,715)|||1,264|12,062|
|Minster
Organ|||2,499||||||2,499|
|Choristers||29,446|14,595|||||2,167|46,208|
|St Cuthbe*'s
Window||343,688|49,073||||||392,761|
|Liturgical
Worship
(legacy)
Centre of Excellence||1,000|100,000||(201,634)|||101,634|1,000|
|Queen
Elizabeth
Statue|||6,000||(117,881)|||111,881||
|20 Year Glass|||||520 545|||698 596|178 051|
|||538 379|234 367|1 248,008||||1 227,453|752 191|
|The Hentage
Lottery Fund
Heritage
Endowments
Fund||2,853,132|127,403||(51,590)||186,296|(321,399)|2,793,842|
|Chonsters
Endowment||76,294|2,378||||5,466|(2,168)|81,970|
|Music
—Pillin
Endowment||44 522|1 387||||3 189|1 263|47 835|
|||2 973948|131168||51 590||194951|324 830|2 923 647|
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|19. Comparative
sta|tement
o|f financial activit|ie|s||||
|---|---|---|---|---|---|---|---|
|||Restricted
Funds||Endowment
Funds|Designated
Funds|Unrestdcted
Funds|Total
Funds
2021|
||||||||6|
|Income from:||||||||
|Donations
and legacies||97,867||250||1,756,606|1,854,723|
|Fundraising||||||12,832|12,832|
|Grants and Trusts||136,500||46,106||158,402|341,008|
|Investments||||84,812||393,946|478,758|
|Total income||234,367||131,168||2,321,786|2,687,321|
|Expenditure
on:||||||||
|Raising funds||313||||98,933|99,246|
|Charitable
activities||1,247,695||51,590|288,534|277,820|1,865,639|
|Total expenditure||1,248,008||51,590|288,534|376,753|1,964,885|
|Net (expenditure)/income
before other recognised|gains|(1,013,641)||79,578|(288,534)|1,945,033|722,436|
|Realised
and unrealised
sins on investments||||194,951||901,232|1,096,183|
|Net income/
(expenditure)||(1,013,641)||274,529|(288,534)|2,846,265|1,818,619|
|Transfers
between
funds||1,227,453||(324,830)|1,850,067|(2,752,690)||
|Net movement
in funds||213,812||(50,301)|1,561,533|93,575|1,818,619|
|Funds brought
forward||538,379|.|2,973,948|1,700,264|10,312,974|15,525,565|
|Funds carried forward||752,191||2,923,647|3,261,797|10,406,549|17,344,184|