**Charity Registration No. 503003**
## **SELBY ABBEY TRUST**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 NOVEMBER 2020**
## **SELBY ABBEY TRUST**
## **CONTENTS**
||**Page**|
|---|---|
|Legal and administrative information|1|
|Trustees' report|2 - 3|
|Statement of trustees' responsibilities|4|
|Independent examiner's report|5|
|Statement of financial activities|6 - 7|
|Statement of financial position|8|
|Notes to the financial statements|9 - 15|
## **SELBY ABBEY TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr J R Englehart - Chairman||
|---|---|---|
||Mr D Barstow||
||The Right Reverend Dr. J Thomson||
||Mrs J Cooke - PCC Member||
||Reverend Canon J Weetman||
||Mr S Skilbeck - Vice Chairman||
||Mr T Pilcher||
||Mr D Caulfield||
||Mrs A Crossland|(Appointed 3 October 2020)|
|**Appeal director**|Brigadier J J Gaskell OBE (resigned August|2020)|
|**Key Management personel**|Mr J R Engelhart - Trustee and chairman||
||Brigadier J J Gaskell OBE - Appeal director|(resigned August 2020)|
|**Charity number**|503003||
|**Principal address**|20-24 Park Street||
||Selby||
||North Yorkshire||
||YO8 4PW||
|**Independent examiner**|N Clemit ACA, FCCA||
||JWPCreers LLP||
||Chartered Accountants||
||Genesis 5||
||Church Lane||
||York||
||YO10 5DQ||
|**Bankers**|CAF Bank Limited||
||25 Kings Hill Avenue||
||Kings Hill||
||West Malling||
||Kent||
||ME19 4JQ||
|**Consultant architect**|David Sherriff||
||Simmonsherriff LLP||
||30 - 38 Dock Street||
||Leeds||
||West Yorkshire||
||LS10 1JF||
- 1 -
## **SELBY ABBEY TRUST**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_
The trustees present their report and financial statements for the year ended 30 November 2020.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019".
The legal and administrative information page forms part of this report.
## **Objectives and activities**
The objects of the charity are for such charitable purposes connected with the Abbey as the trustees shall from time to time in their absolute discretion determine.
The trustees confirm that they have referred to the guidance contained in the Charity Commissioner’s general guidance on public benefit when reviewing the charity’s aims and objectives and setting the grant making policy for the period.
## **Achievements and performance**
2020 has been very much disrupted by Covid 19 and particularly so for The Trust. In addition we have also had the retirement of our long serving and much valued Appeal Director Brigadier Jeremy Gaskell OBE.
Raising money for the trust is always a challenge and even more so this last year. Many of our supporters in both the medium term and short term past are receiving less income themselves with demands on them for cash support higher than ever. Fortunately, we have grants and a legacy in place, which, in addition to some cash donations throughout the year, have enabled the trust to reach a figure which will allow us to commence the Phase 1 renovation on the abbey roof at high level in the spring of 2021.
Phase 2 which has a need for £2 Million seems a long way away just now. The National Heritage and Lottery Fund (NHLF) which we would approach to help fund this, is under extreme pressure to deal with requests more linked to the effects of Covid 19 than heritage projects such as The Abbey at present.
The Lunchtime Organ Recitals which would have been in their 6th season had to be cancelled but are being re-arranged for the 2021 Season.
As in the past, the trust has been able when needed to fund smaller “everyday” needs for the fabric and upkeep of the Abbey.
## **Financial review**
## **Reserves policy**
It is the policy of the trust to maintain free reserves at a level which they feel provides sufficient funds to cover administration and support costs for not less than approximately six months unrestricted expenditure. The charity’s free reserves at 30 November 2020 are £102,030.
## **Investment policy**
The trustees manage the funds on a low-risk basis. The charity holds the majority of funds as bank deposits, which allows easy access for the trustees to donate the necessary sums for the repair and maintenance work. A policy of holding such sums as cash is commensurate with their short term nature and the desire not to jeopardise capital. The trustees recognise that greater returns could be achieved through investment but wish to take low risk and retain flexibility.
## **Risk management**
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
- 2 -
## **SELBY ABBEY TRUST**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_
## **Plans for future periods**
The renovation and repair of the high level south side of the abbey roof and stonework will be the Phase 1 work which is planned to start in the 1st/2nd Quarter of 2021.
The appointment of a new appeal director is on hold just now due to both the current level of finances available and the reduced options for the raising of money at present for The Abbey. This will be kept under constant review.
We are working alongside the Selby Town Council and their heritage project for Selby Town . The Abbey is a centre piece for this project. With the contacts that Selby Town Council have, it is hoped that an income stream to The Abbey can evolve from this direction.
The final work on the reciting of the Medieval Font is expected to be completed by the end of 2021.
Lunchtime organ recitals which were postponed in 2020 will now take place again from late June 2021. We are please to have a wonderful array of highly respected National and International Organists who are especially happy and proud to be playing our famous Hill Organ.
As always The Trust will continue with its efforts to support The Abbey and the fabric of the building.
## **Structure, governance and management**
The charity operates under the trust deed dated 17 December 1973, as amended by deeds dated 30 May 1974 and 20 June 1994.
## **Appointment of trustees**
The body of trustees shall consist of not less than six and not more than twelve members, of whom at least one shall be a lay member of the Parochial Church Council of the Abbey.
## **Organisational structure**
The trustees hold full meetings half yearly when key, strategic decisions are made following a review of progress. Interim meetings are held when necessary and some trustees are involved on a regular basis with progress reviews of specific areas.
## **Trustee induction and training**
New trustees are given a comprehensive induction pack to inform them of their legal obligations. All trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
## **Co-operation with other charities**
Care and stewardship of the Abbey rests with the Parochial Church Council of Selby Abbey who issue contracts for restoration work which the trust has agreed to fund. A close working relationship has been established between PCC members, trustees, contractors and professionals with agreed lines for two-way communication so all parties are kept fully informed.
The trustees' r eport was approved by the Board of Trustees.
Mr J R Englehart - Chairman Trustee Date: 4 May 2021
- 3 -
## **SELBY ABBEY TRUST**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales 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 incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
- 4 -
## **SELBY ABBEY TRUST**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SELBY ABBEY TRUST**
I report to the trustees on my examination of the financial statements of Selby Abbey Trust (the charity) for the year ended 30 November 2020.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW and ACCA, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
N Clemit ACA, FCCA
JWPCreers LLP
Chartered Accountants Genesis 5
Church Lane York YO10 5DQ
Dated: 1 June 2021
- 5 -
## **SELBY ABBEY TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_
## **CURRENT FINANCIAL YEAR**
|**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**d esignated**
**2020**
**2020**
**2020**
**Notes**
**£**
**£**
**£**
**Income**
Donations and legacies
**3**
1,215
-
272,415
Other trading activities
**4**
6,005
-
-
Investments
**5**
93
-
-
**Total income**
7,313
-
272,415
**Expenditure**
Raising funds
**6**
5,952
-
-
Charitable activities
**7**
-
-
78,396
**Total expenditure**
5,952
-
78,396
Net gains/(losses) on investments
**11**
(2,785)
-
-
**Net (expenditure)/income before transfers**
(1,424)
-
194,019
Gross transfers between funds
2,218
(2,218)
-
**Net movement in funds**
794
(2,218)
194,019
Fund balances at 1 December 2019
101,236
4,438
104,446
**Fund balances at 30 November 2020**
102,030
2,220
298,465|**Total**
**2020**
**£**
273,630
6,005
93
279,728
5,952
78,396
84,348
(2,785)
192,595
-
192,595
210,120
402,715|Total
2019
**£**
155,581
613
742
156,936
20,655
65,789
86,444
(1,303)
69,189
-
69,189
140,931
210,120|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 6 -
## **SELBY ABBEY TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_
## **PRIOR FINANCIAL YEAR**
|**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**d esignated**
**2019**
**2019**
**2019**
**Notes**
**£**
**£**
**£**
**Income**
Donations and legacies
**3**
735
-
154,846
Other trading activities
**4**
613
-
-
Investments
**5**
742
-
-
**Total income**
2,090
-
154,846
**Expenditure**
Raising funds
**6**
20,655
-
-
Charitable activities
**7**
420
-
65,369
**Total expenditure**
21,075
-
65,369
Net gains/(losses) on investments
**11**
(1,303)
-
-
**Net (expenditure)/income before transfers**
(20,288)
-
89,477
Gross transfers between funds
2,218
(2,218)
-
**Net movement in funds**
(18,070)
(2,218)
89,477
Fund balances at 1 December 2018
119,306
6,656
14,969
**Fund balances at 30 November 2019**
101,236
4,438
104,446|**Total**
**2019**
**£**
155,581
613
742
156,936
20,655
65,789
86,444
(1,303)
69,189
-
69,189
140,931
210,120|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 7 -
## **SELBY ABBEY TRUST**
## **STATEMENT OF FINANCIAL POSITION** _**AS AT 30 NOVEMBER 2020**_
|**Notes**
**Fixed assets**
Investments
**12**
**Current assets**
Stocks
**13**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**15**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**16**
Unrestricted funds|**2020**
**£**
15,000
10,680
373,021
398,701
(1,736)|**£**
5,750
396,965
402,715
298,465
104,250
402,715|**2019**
**£**
13,057
12,180
180,403
205,640
(4,056)|**£**
8,536
201,584
210,120
104,446
105,674
210,120|
|---|---|---|---|---|
The financial statements were approved by the Trustees on 4 May 2021
Mr J R Englehart - Chairman Mr S Skilbeck - Vice Chairman **Trustee Trustee**
- 8 -
## **SELBY ABBEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, "Accounting and Reporting by Charities: Statement 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) (issued in October 2019)" and the Financial Reporting Standard applicable in the United kingdom and Repulic of Ireland (FRS 102).
The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the charity.
The financial statements have been prepared under the historical cost convention, modified to include investments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Charitable funds**
Unrestricted funds are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Designated funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Restricted funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **1.3 Income**
Income from donations, fund-raising events etc, is recognised in the accounting records upon receipt by the treasurer.
Income in respect of legacies is recognised when the sum due is ascertainable.
Bank interest received is recognised in the financial statements on an accruals basis.
## **1.4 Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs to that category.
Charitable expenditure comprises those costs incurred by the charity in pursuit of its charitable objectives.
## **1.5 Tangible fixed assets**
Items costing more than £1,000 are capitalised.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **1.6 Fixed asset investments**
Fixed asset investments are included in the accounts at market value. Realised and unrealised gains and losses on investments are disclosed separately in the appropriate section of the statement of financial activities.
- 9 -
## **SELBY ABBEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_
## **1 Accounting policies**
## **(Continued)**
## **1.7 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell .
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Taxation**
Selby Abbey Trust is a registered Charity, number 503003. All the Charity’s income is applied to its charitable objectives and the Charity is, therefore, exempt under current legislation, from most forms of taxation.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2020**
**2020**
**£**
**£**
Donations and gifts
1,215
265,600
Roof appeal income
-
6,712
Gift aid income
-
103
1,215
272,415
**Donations and gifts**
Michael Uren Foundation
-
200,000
Mr and Mrs Bramall
Foundation
-
50,000
N S Skilbeck
-
5,000
Lord Barnby Foundation
-
3,000
James Peckitt Charity
-
1,000
Rachel Benson
-
1,000
Forbes Adams Trust
-
1,000
Spooner Charity
-
1,000
D M Naylor
-
1,000
Material donations and gifts
comparative year
-
-
Other
1,215
2,600
1,215
265,600|**Total**
Unrestricted
Restricted
funds
funds
general
**2020**
2019
2019
**£**
£
£
266,815
735
121,000
6,712
-
28,502
103
-
5,344
273,630
735
154,846
200,000
-
-
50,000
-
-
5,000
-
-
3,000
-
-
1,000
-
-
1,000
-
-
1,000
-
-
1,000
-
-
1,000
-
-
-
-
114,000
3,815
735
7,000
266,815
735
121,000|Total
2019
£
121,735
28,502
5,344|
|---|---|---|
|||155,581|
|||-
-
-
-
-
-
-
-
-
114,000
7,735|
|||121,735|
- 10 -
## **SELBY ABBEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_
|**4**
**5**
**6**|**Other trading activities**
**Unrestricted**
Unrestricted
**funds**
funds
**general**
general
**2020**
2019
**£**
£
CD Sales
6,005
363
Organ recitals and concert donations
-
250
Other trading activities
6,005
613
**Investments**
**Unrestricted**
Unrestricted
**funds**
funds
**general**
general
**2020**
2019
**£**
£
Income from listed investments
-
586
Interest receivable
93
156
93
742
**Raising funds**
**Unrestricted**
Unrestricted
**funds**
funds
**general**
general
**2020**
2019
**£**
£
Fundraising and publicity
Just Giving monthly fee
216
216
Organ recital expenses
1,306
(5,218)
Concert expenses
4,430
25,657
5,952
20,655|
|---|---|
- 11 -
## **SELBY ABBEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_
## **7 Charitable activities**
|Restoration work
Donations
Share of support costs (see note 8)
Share of governance costs (see note 8)
**Analysis by fund**
Unrestricted funds - general
Restricted funds
**Support costs**
**2020**
**Support costs**
**Governance**
**costs**
**£**
**£**
Consultancy services
29,952
-
Travelling expenses
2,232
-
Office stationery, printing
costs and postage
931
-
Public relations, adverting and
website expenses
822
-
Bank charges
60
-
Legal and professional fees
53
-
Book-keeping fees
1,980
-
Independent examiners fee
-
1,164
36,030
1,164
Analysed between
Charitable activities
36,030
1,164|**Charitable**
**activities**
**Charitable**
**activities**
**2020**
**2019**
**£**
**£**
41,202
12,836
-
100
41,202
12,936
36,030
51,557
1,164
1,296
78,396
65,789
-
420
78,396
65,369
78,396
65,789
2019
**2020**
Support costs
Governance
costs
2019
**£**
£
£
£
29,952
39,936
-
39,936
2,232
3,231
-
3,231
931
2,004
-
2,004
822
3,381
-
3,381
60
66
-
66
53
179
-
179
1,980
2,760
-
2,760
1,164
-
1,296
1,296
37,194
51,557
1,296
52,853
37,194
51,557
1,296
52,853|**Charitable**
**activities**
**Charitable**
**activities**
**2020**
**2019**
**£**
**£**
41,202
12,836
-
100
41,202
12,936
36,030
51,557
1,164
1,296
78,396
65,789
-
420
78,396
65,369
78,396
65,789
2019
**2020**
Support costs
Governance
costs
2019
**£**
£
£
£
29,952
39,936
-
39,936
2,232
3,231
-
3,231
931
2,004
-
2,004
822
3,381
-
3,381
60
66
-
66
53
179
-
179
1,980
2,760
-
2,760
1,164
-
1,296
1,296
37,194
51,557
1,296
52,853
37,194
51,557
1,296
52,853|
|---|---|---|
|||12,936
51,557
1,296|
|||65,789|
|||420
65,369|
|||65,789|
|||2019
£
39,936
3,231
2,004
3,381
66
179
2,760
1,296|
|||52,853|
|||52,853|
## **8 Support costs**
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **10 Employees**
There were no employees during the year.
- 12 -
## **SELBY ABBEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_
|**11**|**Net gains/(losses) on investments**|||
|---|---|---|---|
|||**Unrestricted**|Unrestricted|
|||**funds**|funds|
|||**general**|general|
|||**2020**|2019|
|||**£**|£|
||Revaluation of investments|(2,785)|(1,303)|
|**12**|**Fixed asset investments**|||
|||**Listed**|**investments**|
||||**£**|
||**Valuation**|||
||At 1 December 2019||8,536|
||Valuation changes||(2,786)|
||At 30 November 2020||5,750|
||**Carrying amount**|||
||At 30 November 2020||5,750|
||At 30 November 2019||8,536|
|**13**|**Stocks**|||
|||**2020**|**2019**|
|||**£**|**£**|
||Goods for sale|15,000|13,057|
|**14**|**Debtors**|||
|||**2020**|**2019**|
||**Amounts falling due within one year:**|**£**|**£**|
||Other debtors|10,680|12,180|
|**15**|**Creditors: amounts falling due within one year**|||
|||**2020**|**2019**|
|||**£**|**£**|
||Other creditors|236|-|
||Accruals and deferred income|1,500|4,056|
|||1,736|4,056|
- 13 -
## **SELBY ABBEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_
## **16 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|**Balance at**
**1 December**
**2019**
**£**
Roof appeal
104,446
104,446
**Balance at**
**1 December**
**2018**
**£**
Roof appeal
6,969
Carillion Bells
4,000
Font
4,000
14,969|**Movement in funds**
**Incom e**
**Expenditure**
**Transfers**
**Balance at**
**30 November**
**2020**
**£**
**£**
**£**
**£**
272,415
(78,396)
-
298,465
272,415
(78,396)
-
298,465
**Movement in funds**
**Incom e**
**Expenditure**
**Transfers**
**Balance at**
**30 November**
**2019**
**£**
**£**
**£**
**£**
154,846
(57,369)
-
104,446
-
(4,000)
-
-
-
(4,000)
-
-
154,846
(65,369)
-
104,446|**Movement in funds**
**Incom e**
**Expenditure**
**Transfers**
**Balance at**
**30 November**
**2020**
**£**
**£**
**£**
**£**
272,415
(78,396)
-
298,465
272,415
(78,396)
-
298,465
**Movement in funds**
**Incom e**
**Expenditure**
**Transfers**
**Balance at**
**30 November**
**2019**
**£**
**£**
**£**
**£**
154,846
(57,369)
-
104,446
-
(4,000)
-
-
-
(4,000)
-
-
154,846
(65,369)
-
104,446|
|---|---|---|
|||104,446|
The roof appeal is for funding to restore and repair the Abbey's roof.
## **17 Unrestricted funds - designated**
These are unrestricted funds which are material to the charity's activities made up as follows:
|||**Balance at**|**Transfers**|**Balance at**|**Transfers**|**Balance at**|
|---|---|---|---|---|---|---|
||**1**|**December**||**1 December**||**30 November**|
|||**2018**||**2019**||**2020**|
|||**£**|**£**|**£**|**£**|**£**|
|Organ running costs||6,656|(2,218)|4,438|(2,218)|2,220|
The designated organ running costs fund represents a reserve set aside by the trustees out of unrestricted funds for the purpose of restoring the Hill Organ and to cover the cost of tuning and servicing this over five years. The Hill Organ has now been fully restored and the fund now exists for the ongoing costs anticipated.
- 14 -
## **SELBY ABBEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_
|**18**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**2020**
**2020**
**2020**
**£**
**£**
**£**
Fund balances at 30 November 2020 are represented by:
Investments
5,750
-
-
Current assets/(liabilities)
96,280
2,220
298,465
102,030
2,220
298,465
**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**2019**
**2019**
**2019**
**£**
**£**
**£**
Fund balances at 30 November 2019 are represented by:
Investments
8,536
-
-
Current assets/(liabilities)
92,700
4,438
104,446
101,236
4,438
104,446|**Total**
**2020**
**£**
5,750
396,965|
|---|---|
||402,715|
||**Total**
**2019**
**£**
8,536
201,584|
||210,120|
## **19 Related party transactions**
There were no disclosable related party transactions during the year (2019 - none).
- 15 -