2023-03-31-accounts - The York Glaziers' Trust

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			Page
Report ofthe Trustees		1	to	7
Report ofthe Independent Auditors		8	to	11
Statement ofFinancial Activities			12
Balance Sheet			13
Cash Flow Statemeat			14
Notes to the Cash Flow Statemeut
Notes to the Financial Statements		16	to	26
Detailed Statement ofFinancial	Activities	27	to	28

			2023	2022
			Unrestricted	Total
		Notes	funds	fundsf
INCOME AND ENDOWMENTS FROM
Donations and legacies			30,379	84,693
Charitable activities
Work Done - Dean and Chapter			391,366	398,670
Work Done - other clients			442,754	580,794
Investment income			23,207	9,512
Total			887,706	1,073,669
EXPENDITURE ON
Charitable activities
Charitable activities			817,421	792,817
Net gains/(losses) on investments			(49,693)	45,722
NET INCOME			20,592	326,574
Other recognised gains/gasses)
Gains/(losses) on revaluation	offixed assets		(41,770)	(68,738)
Net movement in fuads			(21,178)	257,836
RECONCILIATION OF FUNDS
Total funds brought forward			1,584,700	1,326,864
TOTAL FUNDS CARRIED	FORWARD		1,563,522	1,584,700

	Balance Sheet 31March 2023
		2023	2022
		Unrestricted	Total
		funds	funds
	Notes	f
FIXEDASSETS
Tangible assets	13	48,628	79.012
investments	14	920,276	907,083
		968,904	986,095
CURRENT ASSETS
Stocks	15	81,445	98,129
Debtors	16	130,850	151,305
Cash at bank and in hand		456,924	456,787
		669,219	706,221
CREDITORS
Amounts falling duc within onc year	17	(74,601)	(107,616)
NET CURRENT ASSETS		594,618	598,605
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,563,522	1,584,700
NET ASSETS		1,563,522	1,584,700
FUNDS	19
Unrestricted fUnds		1,563,522	1,584,700
TOTAL FUNDS		1,563,522	1,584,700

			fo	r the Year Ended	31March 2023
					2023	2022
				Notes
Cash flows from operating		activities
Cash generated from operations				I	39,923	242,602
Interest paid					(4,107)	(7,115)
Net cash provided by operating activities					35,816	235,487
Cash flows from investing		activities
Purchase oftangible fixed	assets				(3,923)	(2,363)
Purchase offixed asset investments					(528,686)	(455,599)
Sale offixed asset investments					473,723	366,397
Interest received					514	892
Dividends received					22,693	8,620
Net cash used in investing	activities				(35,679)	(82,053)
Change in cash and cash		equivalents	in
the reporting period					137	153,434
Cash and cash equivalents		at the
begianing ofthe reporting		period			456,787	303,353
Cash and cash equivalents		at the end	of
the reporting period					456,924	456,787

					2023	2022
					f
Net income	for the	reporting		period (as per the Statement of Financial
Activities)					20,592	326,574
Adjustments	for:
Depreciation	charges				34,307	43,100
Losses/(gain)	on investments				49,693	(45,722)
Interest received					(514)	(892)
Investment manager		charges			4,107	7,115
Dividends received					(22,693)	(8,620)
Realised (gains)Rosses			on investments		(49,693)	(46,033)
Decrease in	stocks				te,684	25,952
Decrease/(increase)		in	debtors		20,455	(37346)
Decrease in	creditors				(33,015)	(21,626)
Net cash provided		by	operations		39,923	242,602
ANALYSIS	OF CHANGES			IN NET FUNDS
				At 1.4.22	Cash flow	At 31.3.23
				f	f
Net cash
Cash at bank	and in	hand		456,787	137	456,924
				456,787	137	456,924
Total				456,787	137	456,924

Improvements to properly	12.5%on cost
Plant and machinery	20%on cost
Fixtures and fittings	20%on cost
Computer equipment	20%on cost

DONATIONS AND L	EGACIES
			2023	2022
			f	f
Grants and donations			30,379	84,693
All ofthe f30,379received in 2023 (2022:f84,693)related to unrestricted		funds.
INVESTMENT INCOME
			2023f	2022f
Fixed asset investment	income		22,693	8,620
Deposit account interest			514	892
			23,207	9,512

					2023	2022
					f	f
Work	done	-	Dean	snd Chapter	391,366	398,670
Work	done	-	other	clients	442,754	580,794

CHARITABLE ACTIVITIES COSTS
	2023	2022
	f
Direct costs	792,932	779,390
Support costs (see note 7)	20,382	13,427
SUPPORT COSTS

	2023	2022
		E
Governance	20,382	13,427

		2023	2022
Auditors'	remuneration	8,825	6,200
Depreciation - owned assets		34,307	43,100

			2023	2022
			f	f
Dr lvo Rauch			398
Mrs Camle Milner			306
Professor Christopher	Norton		65
STAFF COSTS
			2023	2022f
Wages and salaries			491,808	479,291
Social security costs			41,513	38,229
Other pension costs			45,810	49,153
			579,131	566,673
The average monthly	number ofemployees	during the year was as follows:
			2023	2022
Charitable activities			18	19

COMPARATIVES FORTHE ST	ATEMENT OF FINANCIAL AC	TIVITIES
		Unrestricted
		funds
INCOME AND ENDOWMENTS	FROM
Donations and legacies		84,693
Charitable activities
Work Done - Dean snd Chapter		398,670
Work Done - other clients		580,794
Investment income		9,512
Total		1,073,669
EXPENDITURE ON
Charitable activities
Charitable activities		792,817
Net gains on investments		45,722
NET INCOME		326,574
Other recognised gains/Gasses)
Gains/(losses) on revaluation offixed assets		(68,738)
Net movemeat in funds		257,836
RECONCILIATION OF FUNDS
Total funds brought forward		1,326,864
TOTAL FUNDS CARRIED FORWARD		1,584,700

TANGIBLE FIXEDASSE	TS
	Improvements		Fixtures
	to	Plant and	and	Computer
	property f	machinery f	fittings f	equipment f	Totals f
COST
At I April 2022	63,585	141,621	94,427	47,808	347,441
Additions		461	1,582	1,880	3,923
At 31 March 2023	63,585	142,082	96,009	49,688	351,364
DEPRECIATION
At I April 2022	31,792	116,766	78,594	41,277	268,429
Charge for year	7,948	11,371	10,147	4,841	34,307
At 31 March 2023	39,740	128,137	88,741	46,118	302,736
NET BOOK VALUE
At 31 March 2023	23,845	13,945	7,268	3,570	48,628
At 31 March 2022	31,793	24,855	15,833	6,531	79,012
FIXEDASSETINVESTMENTS
					Listed
					investments
					f
MARKET VALUE
At I April 2022					907,083
Additions					528,686
Disposals					(473,723)
Revaluations					(41,770)
At 31 March 2023					920,276
NET BOOK VALUE
At 31 March 2023					920,276
At 31 March 2022					907,083

15.	STOCKS
			2023	2022
	Stocks		81,445	98,129
16.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
			2023	2022
			f	f
	Trade debtors		115,599	137,407
	Prepayments	and accrued income	15,251	13,898
			130,850	151,305
17.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2023	2022
			f
	Trade creditors		6,355	21,106
	Social security and other taxes		8,962	9,552
	VAT		46,323	63,670
	Other creditors		4,887	5,796
	Accrued expenses		8,074	7,492
			74,601	107,616

				2023	2022
				f
	Within one year			6,481	6,481
	Between one	and five years		2,583
	ln more than	five years		5,811
				14,875	6,481
19.	MOVEMENT IN FUNDS
				Net
				movement	At At
			1.4.22	in fundsf	31.3.23 f
	Unrestricted	funds
	General fund		1,340,951	15,440	1,356,391
	Peter Gibson	fund	243,749	(36,618)	207,131
			1,584,700	(21,178)	1,563,522
	TOTAL FUNDS		1,584,700	(21,178)	1,563,522

			Incoming	Incoming	Resources	Gains and	Movement
			resources f		expended f	losses f	in funds f
Unrestricted	funds
General fund			887,110		(816,972)	(54,698)	15,440
Peter Gibson	fund			596	(449)	(36,765)	(36,618)
			887,706		(817,421)	(91,463)	(21,178)
TOTAL FUNDS			887,706		(817,421)	(91,463)	(21,178)
Comparatives	for movemeat	in funds
						Net
						movement	At At
					1.4.21f	in funds f	31.3.22 f.
Unrestricted	fuads
General fund					1,082,552	258,399	1,340,951
Peter Gibson	fund				244,312	(563)	243,749
					1,326,864	257,836	1,584,700
TOTALFUNDS					1,326,864	257,836	1,584,700

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds f
Unrestricted	funds
General fund		1,071,348	(790,180)	(22,769)	258,399
Peter Gibson	fund	2,321	(2,637)	(247)	(563)
		1,073,669	(792,817)	(23,016)	257,836
TOTAL FUNDS		1,073,669	(792,817)	(23,016)	257,836

			Net
			movement	At At
		1.4.21	in fundsf	31.3.23
Unrestricted	funds
General fund		1,082,552	273,839	1,356,391
Peter Gibson	fund	244,312	(37,181)	207,131
		1,326,864	236,658	1,563,522
TOTAL FUNDS		1,326,864	236,658	1,563,522

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		1,958,458	(1,607,152)	(77,467)	273,839
Peter Gibson	fund	2,917	(3,086)	(37,012)	(37,181)
		1,961,375	(1,610,238)	(114,479)	236,658
TOTAL FUNDS		1,961,375	(1,610,238)	(114,479)	236,658

		Detailed Statemeat ofFina for the Year Ended 31	ncial Activities March 2023
			2023	2022f
INCOME AND ENDOWMENTS
Donations and legacies
Grants and donations			30,379	84,693
Investment income
Fixed asset investment		income	22,693	8,620
Deposit account interest			514	892
			23,207	9,512
Charitable activities
Work Done - Dean and		Chapter	391,366	398,670
Work Done - other clients			442,754	580,794
			834,120	979,464
Total incoming resources			887,706	1,073,669
EXPENDITURE
Charitable activities
Wages			491,808	479,291
Social security			41,513	38,229
Pensions			45,810	49,153
DBSpension adjustment				(68,048)
Materials adjusted for stock			47,567	68,346
Rent, rates and water			9,662	18,896
Insurance			19,575	16,138
Light and heat			3,668	4,827
Telephone and internet			954	885
Printing, post and stationery			7,165	6,577
Sundries			5,166	3,708
Repairs and renewals			3,203	5,512
Travelling and subsistence			30,153	21,717
Subscriptions			179	141
Training and research			5,636	76
Health and safety			7,303	9,696
Bank charges			249	865
Outside contractors			32,197	59,076
Computer expenses			6,817	5,373
Dooations				8,717
Improvements to property depreciation			7,948	7,948
Plant and machinery	depreciation		11,371	14,422
Fixtures and fittings	depreciation		10,147	13,023
Computer equipment	depreciation		4,841	7,707
investment manager	charges		4,107	7,115
			797,039	779,390

		for the Year Ended 31Marc	h 2023
			2023f	2022f
Support costs
Governance costs
Auditors' remuneration			8,825	6,200
Legal and professional		fees	9,281	4,108
Accountancy fees			2,276	3,119
			20,382	13,427
Total resources expended			817,421	792,817
Net income before gains		and losses	70,285	280,852
Realised recognised	gains and losses
Realised gains/fiosses)	on fixed asset investments		(49,693)	45,722
Net income			20,592	326,574