2025-03-31-accounts - St Michael's York Trust

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St Michael’s York Trust

(Registered Charity No. 519912)

Report and Accounts For the year to 31 March 2025

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ST MICHAEL'S YORK TRUST

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||| |---|---| |Contents|Page| |Trustees Report ................................................................................................... 1 - 3| |Independent Examiner’s Report ............................................................................. 4| |Receipts and Payments Account ............................................................................ 5| |Assets and Liabilities ............................................................................................. 6| |Notes to the Accounts .......................................................................................... 7 - 8|

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ST MICHAEL’S YORK TRUST ANNUAL REPORT YEAR ENDED 31[st] MARCH 2025

1. INTRODUCTION

The St Michael’s York Trust is a charity registered with the Charity Commission. The Charity Commission Registration Number is 519912. The members confirm that the Charity has complied with its duty to have regard to the guidance on public benefit published by the Charity Commission.

The Trust presents its annual report for the year ended 31 March 2025.

Trustees throughout this period were:

Daniel Brookes (Chair) Karen Dixon Andrew Oldroyd Remi Oduyemi

Registered Address St Michael’s Church Spurriergate York YO1 9QR Royal Bank of Scotland Bankers Leeds Park Row (B) 27 Park Row Leeds LS1 5QB Sarah Wearing FCA, DChA I ndependent Examiner HPH 54 Bootham York YO30 7XZ

2. STRUCTURE, GOVERNANCE AND MANAGEMENT

The trust is governed by the declaration of trust dated 10 February 1988 amended by the supplementals dated 1 April 1991, 13 October 1993, 21 December 2000 and 28 November 2005.

The governance and management arrangements for the Charity involve three parties working together:

The Diocese of York as owner of the building and lease provider
St Michael le Belfrey Church (The Belfrey) providing oversight and encouragement
St Michaels York Trust taking responsibility for the management and operation of the premises

and its activities.

As part of The Belfrey taking responsibility over the trust, it was decided that the trustees will be the elected wardens of St Michael le Belfrey PCC. There will be no other trustees.

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ST MICHAEL’S YORK TRUST ANNUAL REPORT YEAR ENDED 31st MARCH 2025

3. PURPOSE AND MISSION

During 2023 the Trust redefined its mission to deliver its charitable objectives. This was endorsed at the Annual General Meeting in January 2024 and continued to be the mission in 2025.

This is LIVING WELL TOGETHER

Sharing God’s love with the people of York and its visitors through a kind and caring community, encouraging social justice, offering a listening ear and sharing the Good News of Jesus Christ
Offering a warm and accepting welcome to all in a unique city centre venue where people can gather together in groups or as individuals in a safe setting
Providing an informal meeting place for individuals and groups to draw on spiritual, physical and social refreshment, freely offered and generously shared
Growing community-based partnerships with local groups that share our values and want to provide compatible activities in the space.

4. ACTIONS

In living out this mission in 2024-25, the activities of the Trust were:

Open sessions on Tuesdays and Wednesdays led by John and Liz Ransford and supported by a dedicated team of volunteers who create a safe and welcoming environment for visitors. They provide barista coffee and homemade cakes with no direct charge. Donations are very welcome and most visitors are able and happy to make a donation. Some donations are minimal and some are very generous. Even more important to our mission, the open sessions are a place where anyone can drop in and receive a warm welcome and a kind conversation. Quite often people ask why we do what we do and then we have an opportunity to explain our mission to share God’s love with the people of York. Occasionally people want to know more and would like to take a Bible home with them, which they are given at no charge.
Neighbourhood meeting facilities for the City of York Council customer and communities Directorate. The Trust acknowledges with thanks a further grant from City of York Council Good Place, Warm Place initiative to support heating costs in winter.
The Trust has provided an informal meeting place for individuals and groups to meet and draw on spiritual, physical and social refreshment. A group of students have met on Wednesday afternoons to study and socialise.
The Trust has rented the space at an affordable price to other churches and local groups who share our values and vision for York.
An operating surplus is identified in the accompanying Accounts and financial sustainability is gradually being secured.

From January 2025 St Michael le Belfrey took on more of the oversight of the building in terms of bookings, maintenance and financial management. This has been a slower process than expected, but The Belfrey will continue to improve this through the next year.

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ST MICHAEL’S YORK TRUST ANNUAL REPORT YEAR ENDED 31st MARCH 2025

5. FINANCIAL REVIEW

Receipts from activities reduced from £53,107 to £39,857. This was mostly due to decreased hire income from private counselling sessions finishing. We again received £2,500 from City of York council for the Good Place, Warm Place initiative to help keep the building open during the winter months. The Trust has reduced its costs from £48,993 to £30,905. The main driver of that is the cessation of paid staff. Therefore, the Trust has an excess of receipts over payments of £8,952.

The cash funds held by the Trust have increased from £9,942 to £18,894.

6. RESERVES POLICY

The cash reserves of the Trust are £18,894 with £5,000 being designated to upgrade the heating system. This is sufficient reserves to cover the working capital requirements for the current activity of the Trust. This will be reviewed next year as and when the activity of the Trust increases.

Approved by the trustees on 30/11/2025 and signed on behalf of the charity by:

Daniel Brookes, Chair of Trustees

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

ST MICHAEL’S YORK TRUST

I report to the trustees on my examination of the accounts of the St Michael’s York Trust (the Trust) for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records.

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 accounts to be reached.

HPH Chartered Accountants

54 Bootham YORK YO30 7XZ

Sarah Wearing, FCA, DChA 26 January 2026

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ST MICHAEL'S YORK TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Notes Receipts Donations and Legacies Other Trading Activities Government Grants Total receipts Payments Charitable Activities 2 Governance Costs 3 Total resources used Cash funds brought forward 1 April Cash funds brought forward 31 March Excess of receipts over payments/(payments over receipts)	Unrestricted Funds Restricted Funds 2025 Total Funds 2024 Total Funds £ £ £ £ 33,537 - 33,537 45,037 3,820 - 3,820 6,570 2,500 - 2,500 1,500
	39,857 - 39,857 53,107
	29,224 - 29,224 47,133 1,681 - 1,681 1,860
	30,905 - 30,90� 48,993
	30,905 - 30,90� 48,993
	8,952 - 8,952 4,114 9,942 - 9,942 5,828
	18,894 - 18,89� 9,942

The notes on page 7 to 8 form part of these accounts

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ST MICHAEL'S YORK TRUST

STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2025

		Unrestricted	Restricted	Restricted	Total Funds	Total Funds
		Funds	Funds		2025	2024
	Notes	£	£		£	£
Cash funds
Bank account		18,364		-	18,364	9,403
Share interest account		528		-	528	528
Petty cash		1		-	1	11
Total cash funds		18,894		-	18,894	9,942
Other Monetary Assets
Debtors		150		-	150	152
Prepayments		-		-	-	80
Other Debtors (HMRC)		2,892		-	2,892	7,241
		3,042		-	3,042	7,473
Assets retained for the charity's own use
Property Alterations		130,967		-	130,967	130,967
Fixtures and fittings		116,964		-	116,964	116,964
	4	247,931		-	247,931	247,931
Liabilities	5	10,221		-	10,221	14,601

The financial statements on pages 5 to 8 were approved by the Trustees, and authorised for issue on and signed on their behalf by:

Dated 26/01/2026

The notes on page 7 to 8 form part of these accounts

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ST MICHAEL'S YORK TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES

a. Accounting framework

The accounts have been prepared under the regulations of the 2011 Charities Act.

b. Basis of Accounting

The Accounts have been drawn up on a receipts and payment basis, that is income and expenses are recognised when money is received and paid.

2 CHARITABLE ACTIVITIES Insurance Raising Funds Wages (including redundancy pay) Pensions Subcontractor Costs Rent and Rates Repairs & Renewals Light & Heat Hire of Plant & Machinery Printing, Postage & Stationary Telephone & Internet costs Computer Expenses Sundry Consumables Bank Charges 3 GOVERNANCE COSTS Accounting & Independent Examiners Fees Payroll & Bookkeeping Fees		2025 £ 7,940 - 8,820 - 825 509 2,161 6,657 297 - 1,393 15 337 270 29,224 1,381 300 1,681		2024 £ 7,133 440 25,585 768 1,350 612 1,173 7,915 194 91 1,499 - - 373
				47,133
				1,500 360
				1,860

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ST MICHAEL'S YORK TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

4 FIXED ASSETS

Fixed assets have been included at cost. The net book value prior to conversion to receipts and payment accounting was £13,229 as at 31 March 2022.

5 LIABILITIES

LIABILITIES
Income in Advance Creditors Accruals Other Loans Loan Account: John Ransford		2025 £ - - 840 650 8,731 10,221	2024 £ 1,540 1,746 1,934 650 8,731
			14,601

6 TRUSTEE REMUNERATION AND EXPENSES

No Trustee receives any remuneration or benefits by virtue of being a Trustee and were not reimbursed for any expenses.