2022-03-31-accounts - The York Glaziers' Trust

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		Page
Report ofthe Trustees	I	to	7
Report ofthe Independent Auditors	8	to	10
Statement of Financial Activities
Balance Sheet		17
Cash Flow Statement		13
Notes to the Cash Flo» Statement	14	to	15
Notes to the Financial Statements	16	to	25

								2022	2021
					Unrestricted	Restricted	Endowment	Total	Total
					fund	funds	fund	funds	funds
				Notes	f				f
INCOME AND
ENDOWMENTS FROM
Donations and legacies				3	84,693			84,693	8,503
Charitable activities
Work Done - Dean and		Chapter			398,670			398,670	290,063
Work Done - other clients					580,794			580,794	167,435
Investment income				4	7,191		2,321	9,512	22,473
Other income									97,935
Total					1,071,348		2,321	1,073,669	586,409
EXPENDITURE ON
Charitable activities
Charitable activities					790,180		2,637	792,817	645,900
Net gains/(losses) on investments					45,969		~247)	45,722	28,220
NET
INCOME/(EXPENDITURE)					327,137		(563)	326,574	(31,271)
Other recognised gains/(losses)
Gains/(losses) on revaluation fixed assets			of		~68,738)			~68,738)	57,901
Net movement in funds					258,399		(563)	257,836	26,630
RECONCILIATION		OF
FUNDS
Total funds brought	forward				1,082,552		244,312	1,326,864	1,300,234
TOTAL FUNDS CARRIED
FORWARD					1,340,951		243,749	1,584,700	1,326 864

						2022	2021
			Unrestricted	Restricted	Endowment	Total	Total
			fund	funds	fund	funds	funds
		Notes	f		8
FIXEDASSETS
Tangible assets		12	79,012			79,012	119,749
Investments		13	694,213		~212870	907,083	794,864
			773,225		212,870	986,095	914,613
CURRENT ASSETS
Stocks		14	98,129			98,129	124,081
Debtors		15	151,305			151,305	114,059
Cash at bank and in hand			425,908		30,879	456,787	303,353
			675,342		30,879	706,221	541,493
CREDITORS
Amounts falling due within	one
year		16	(107,616)			(107,616)	(70,823)
NET CURRENT ASSETS			567,726		30 879	798,607	470 670
TOTAL ASSETS LESS
CURRENT LIABILITIES			1,340,951		243,749	1,584,700	1,385,283
CREDITORS
Amounts falling due alter more
than one year		17					(58,419)
NET ASSETS			1,340,951		243,749	1,584,700	1,326,864
FUNDS		19
Unrestricted funds						1,340,951	1,082,552
Endowment funds						243,749	244,312
TOTAL FUNDS						1,584,700	1,326,864

				Cash Flow Statement
			for the	Year Ended 31 March	2022
					2022	202 I
			Notes			f
Cash flows from operating	activities
Cash generated from operations Interest paid			I		242,918 ~7,115	(168,684) ~11,524)
Net cash provided by/(used	in) operating		activities		235,803	(180,208)
Cash flows from investing	activities
Purchase oftangible fixed assets					(2,363)	(1,420)
Purchase offixed asset investments					(455,599)	(234,229)
Sale offixed asset investments					366,397	214,914
Interest received					892	1,035
Dividends received					8,620	21,438
Net cash (used in)/provided	by investing		activities		~82,053)	1,738
Cash flows from financing	activities
Income attributable to endowment					2,321	2,122
Expenditure attributable to	endowment				~2,637)	~13,972)
Net cash used in financing	activities				~316)	~11,850)
Change in cash and cash equivalents		in
the reporting period					153,434	(190,320)
Cash and cash equivalents	at the
beginning ofthe reporting	period				303,353
Cash and cash equivalents	at the end	of
the reporting period					456,787	303,353

OPERATING AC	TIVI	TIE	S
						2022	2021
							f
Net income/(expenditure)		for the reporting		period (as per the
Statement ofFinancial		Activities)				326,574	(31,271)
Adjustments for:
Depreciation charges						43,100	50,273
Gain on investments						(45,722)	(28,220)
Interest received						(892)	(1,035)
Interest paid						7,115	11,524
Dividends received						(8,620)	(21,438)
Income attributable	to endowment					(2,321)	(2,122)
Expenditure attributable		to endowment				2,637	13,972
Realised gains and	losses					(46,033)
Decrease/(increase)	in stocks					25,952	(124,081)
Increase in debtors						(37,246)	(53,381)
(Decrease)/increase	in creditors					~21,626)	17,095
Net cash provided	by/(used		in) operations			242,918	~168,684)
ANAI.YSISOF CHANGES			IN NET FUNDS
					At 1.4.21	Cash flow	At 31.3.22
						f	f
Net cash
Cash at bank and in	hand				303,353	153,434	456,787
					303,353	153,434	456,787
Total					303,353	153,434	456,787

DONATIONS AND I.	EG	ACIES
				2022	2021
					f
Grants and donations				84,693	8,503
All ofthe 884,693 received		in 2022 (2021:f8,503)related to unrestricted	funds.
INVESTMENT INCOME
				2022	2021
				f.	f
Fixed asset investment	income			8,620	21,438
Deposit account interest				892	1,035
				9,512	22,473

					2022	2021
					f
Work	done	-	Dean	and Chapter	398,670	290,063
Work	done	-	other	clients	580,794	167,435

CHARITABLE ACTIVITIES COSTS
	2022	2021
Direct costs	779,390	635,206
Support costs (see note 7)	13,427	10,694

SUPPORT COSTS
	2022	2021
		f
Governance	13,427	10,694
NET INCOME/(EXPENDITURE)
Net resources are stated atter charging/(crediting):

			2022	2021
Auditors'	remuneration		6,200	5,650
Depreciation		-owned assets	43,100	50,273

STAFF COSTS
				2022	2021
Wages and salaries				479,291	365,411
Social security costs				38,229	27,642
Other pension costs				49,153	51,492
				566,673	444,545
The average monthly	number ofemployees	during	the year was as follows:
				2022	2021
Charitable activities				19	16

COMPARATIVES FOR THE STATEMENT	COMPARATIVES FOR THE STATEMENT	OF FINANCIAL	ACTIVITIES
		Unrestricted	Restricted	Endowment	Total
		fund	funds	fund	funds
		f	f	f	f
INCOME AND ENDOWMENTS	FROM
Donations and legacies		8,503			8,503
Charitable activities
Work Done - Dean and Chapter		290,063			290,063
Work Done - other clients		167.435			167,435
Investment income		20,351		2,122	22,473
Other income		97,935			97,935
Total		584,287		2,122	586.409
EXPENDITURE ON
Charitable activities
Charitable activities		631.928		13,972	645,900
Net gains on investments		9,870		18,350	28,220
NET INCOME/(EXPENDITURE)		(37,771)		6,500	(31,271)
Other recognised gains/(losses)
Gains on revaluation offixed assets		40,831		17,070	57,901
Net movement in funds		3,060		23,570	26,630
RECONCILIATION OF FUNDS
Total funds brought forward		1,079,492		220,742	1,300,234
TOTAL FUNDS CARRIED FORWARD		1,082,552		244,312	1,326,864

TANGIBI.EFIXEDASSE	TS
	Improvements		Fixtures
	to	Plant and	and	Computer
	property f	machinery f	fittings f	equipment f	Totals f
COST
At I April 2021	63,585	139,258	94,427	47,808	345,078
Additions		2,363			2,363
At 31 March 2022	63,585	141.621	94,427	47,808	347,441
DEPRECIATION
At I April 2021	23,844	102,344	65,571	33,570	225,329
Charge for year	7,948	14,422	13,023	7,707	43,100
At 31 March 2022	31.792	116.766	78,594	41,277	268,429
NET BOOK VALUE
At 31 March 2022	31,793	24,855	15,833	6,531	79,012
At 31 March 2021	39,741	36,914	28,856	14,238	119,749
FIXEDASSET INVESTMENTS
					Listed
					investments
					8
MARKET VALUE
At I April 2021					794,864
Additions					455,599
Disposals					(320,675)
Revaluations					(68,738)
Realised gains and losses					46,033
At 31 March 2022					907,083
NET BOOK VALUE
At 31 March 2022					907,083
At 31 March 2021					794,864

			Listed
			investments
			f
Valuation	in	2021	(68,737)
Valuation	in	2022	(19,634)
Cost			995,454
			907,083

					for the Year	Ended 31	March 2022
14.	STOCKS
								2022	2021
									f
	Stocks							98,129	124,081
15.	DEBTORS:	AMOUNTS		FALLING DUE WITHIN ONE YEAR
								2022	2021
								f	f
	Trade debtors							137,407	45,781
	Other debtors								617
	Prepayments	and accrued		income				13,898	67,661
								151,305	114,059
16.	CREDITORS:		AMOUNTS		FALLING DUE	WITHIN	ONE YEAR
								2022	2021
									f
	Trade creditors							21,106	15,452
	Social security		and other	taxes				9,552	7,337
	VAT							63,670	16,461
	Other creditors							5,796	24,239
	Accrued expenses							7492	7,334
								107,616	70,823
17.	CREDITORS:		AMOUNTS		FALLING DUE	AFTER MORE THAN ONE YEAR
								2022	202 I
	Other creditors		due between		2 and 5 years				58,419
18.	LEASING AGREEMENTS
	Minimum lease		payments	under non-cancellable		operating	leases fall due as follows:
								2022	2021
								f	f.
	Within one year							6,481	5,836
19.	MOVEMENT		IN FUNDS
								Net
								movement	At
							At 1.4.21	in funds	31.3.22
									f
	Unrestricted	funds
	General fund						1,082,552	258,399	1,340,951
	Endowment	funds
	Peter Gibson	fund					244,312	(563)	243,749
	TOTAL FUNDS						1326,864	237,836	1,384,700

			Incoming	Resources	Gains and	Movement
			resources E	expended f	losses	in funds f
Unrestricted	funds
General fund			1,071,348	(790,180)	(22,769)	258,399
Endowment	funds
Peter Gibson	fund		2,321	(2,637)	(247)	(563)
TOTAL FUNDS			1,073,669	~792,817)	~23,016)	257,836
Comparatives	for movement	in funds
					Net
					movement	At
				At 1.4.20	in funds	31.3.21
						f
Unrestricted	funds
General fund				1,079,492	3,060	1,082,552
Endowment	funds
Peter Gibson	fund			220,742	23,570	244,312
TOTAL FUNDS				1,300,234	26,630	1,326,864

		Incoming	Resources	Gains and	Movement
		resources f	expended	losses	in funds f
Unrestricted	funds
General fund		584.287	(631,928)	50,701	3,060
Endowmeat	funds
Peter Gibson	fund	2,122	(13,972)	35,420	23,570
TOTAL FUNDS		586,409	(645,900)	86,121	26630

				Net
				movement	At
			At 1.4.20	in funds	31.3.22
			f	f	f
Unrestricted		funds
General	fund		1,079,492	261,459	1,340,951
Endowment		funds
Peter Gibson		fund	220,742	23,007	243,749
TOTAL	FUNDS		1,300,234	284,466	1,584,700

		Incoming	Resources	Gains and	Movement
		resources	expended	losses f.	in funds f
Unrestricted	funds
General fund		1,655,635	(1,422,108)	27,932	261,459
Endowment	funds
Peter Gibson	fund	4,443	(16,609)	35,173	23,007
TOTAL FUNDS

				2022	2021
Balance sheet liability	I	April		78,084	94,084
Deficit contribution paid				(10,000)	(20,000)
Interest cost (recognised		in SoFA)			1,000
Remaining change to	the	balance sheet liability* (recognised	in SoFA)	(68.084)	3,000
Balance sheet liability	31 March				78,084