##
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|Trustees||||Rt Reverend|M|Device -|Device -|Bishop of Shrewsbury|Bishop of Shrewsbury|Bishop of Shrewsbury|
|---|---|---|---|---|---|---|---|---|---|---|
|||||Rt Reverend|T|P Drainey||—Bishop of Middlesbrough|||
|||||Rt Reverend|P|Swarbrick||- Bishop of Lancaster|||
|||||Rt Reverend|R|Byrne|—Bishop of Hexham|||& Newcastle|
|||||Rt Reverend|R|Heskett-||Bishop of Hallam|||
|||||Most Reverend||M McMahon|||-Archbishop|of Liverpool|
|||||Rt Reverend|M|Stock - Bishop of Leeds|||||
|||||Rt Reverend|JArnold||- Bishop of Salford||||
|Charity|number|||527408|||||||
|Principal|address|||Ushaw College|||||||
|||||Ushaw|||||||
|||||Durham|||||||
|||||DH7 9RH|||||||
|Auditor||||Galley &Tindle||Audit|Limited||||
|||||Oakmere|||||||
|||||Belmont Business Park|||||||
|||||Durham|||||||
|Bankers||||Barclays Bank Pic|||||||
|||||Market Place|||||||
|||||Durham|||||||
|||||DH1 3NB|||||||
|Solicitors||||Grays|||||||
|||||Duncombe
Place|||||||
|||||York|||||||
|||||YO17DY|||||||
|Investment||advisors||Henderson
Global Investors|||||||
|||||201 Bishopgate|||||||
|||||London|||||||
|||||EC2M 3AE|||||||
|Advisors|to Trustees|||JWhiston|||||||
|||||C Lawrence|||||||
|Senior Management|||Personnel|PSeed - Director of Operations|||||||
|||||J Ward - Commercial|||Manager||||
|||Page|
|---|---|---|
|Trustees'
report||1-5|
|Statement oftrustees'|responsibilities||
|Independent
auditor's|report|7-9|
|Statement offinancial|activities|10|
|Balance sheet|||
|Statement ofcash flows||12|
|Notes to the financial|statements|13-27|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|||
||||2021|2021|2021|2020|
|||Notes||6|6|6|
|Ii gftmfL(mm;|||||||
|Donations
and legacies
Charitable
activities
Other trading
activities
Investments||3
4
6
6|269,007
594,360
10,879
37,814|384,343
2,598|653,350
596,958
10,879
37,814|109,121
957,777
41,883
67,042|
|Total income|||912,060|386,941|1,299,001|1,175,823|
|Rxuattfl)h/GLgn;|||||||
|Raising funds||7|26,847|905|27,752|50,818|
|Charitable
activities||8|821,190|369,297|1,190,487|1,483,592|
|Total resources expended|||848,037|370,202|1,218,239|1,534,410|
|Net gains/(losses)
on investments||13||||19,354|
|Net Incoming/(outgoing)|resources before||||||
|transfers|||64,023|16,739|80,762|(339,233)|
|Gross transfers
between|funds||8,755|(8,755)|||
|Net Income/(expenditure)|for the year/||||||
|Net movement
in funds|||72,778|7,984|80,762|(339,233)|
|Fund balances at 1 April|2020||2,482,076|40,023|2,522,099|2,861,332|
|Fund balances at 31 March 2021|||2,554,854|48,007|2,602,861|2,522,099|
##
##
|||||f|2021|2020
8|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets
Investment
properties|||14
15||461,999
3,690,177|500,541
3,690,177|
|Current assets|||||4,152,176|4,190,718|
|Stocks
Debtors
Cash at bank and in|hand||16
17|5,413
253,639
200,330||5,698
97,718
144,750|
|Creditors: amounts|falling due within|||459,382||248,166|
|one year|||18|(290,743)||(273,712)|
|Net current assets/(liabilities)|||||168,639|(25,546)|
|Total assets lese current||liabilities|||4,320,815|4,165,172|
|Creditors: amounts|falling|due after|||||
|more than one year|||19||(1,717,954)|(1,643,073)|
|Net assets|||||||
||||||2,602,861|2,522,099|
|Income funds|||||||
|Restdcted funds
Unrestricted
funds - general|||21||48,007
2,554,854|40,023
2,482,076|
||||||2,602,861|2,522,099|
##
||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|f||6||
|Cash flows from operating|activities||||||
|Cash absorbed
by operations||25||(43,559)||(404,001)|
|Investing
activities|||||||
|Purchase
oftangible
fixed assets
Proceeds on disposal of investments
Investment
income received|||(13,556)
37,814||(78,584)
64,103
67,042||
|Net cash generated
from Investing|||||||
|activities||||24,258||52,561|
|Financing
activities|||||||
|Repayment
of borrowings|||74,881||48,605||
|Net cash generated
from financing|||||||
|activities||||74,881||48,605|
|Net increase/(decrease)
in cash and||cash|||||
|equivalents||||55,580||(302,835)|
|Cash and cash equivalents
at|beginning|ofyear||144,750||447,585|
|Cash and cash equivalents|at end of|year||200,330||144,750|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|||
|||||general||||
|||||2021|2021|2021|2020|
||||||6|6|f|
|Donations
and gifts
Cultural
engagement|||grants|14,847
254,160|5,048
379,295|19,895
633,455|55,555
53,566|
|||||269,007|384,343|653,350|109,121|
|3R|||||||
|---|---|---|---|---|---|---|
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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||general|general|
|||2021|2020|
|||E|E|
|Bar8 cafe sales|||15,777|
|Gift shop sales||2,023|16,636|
|Other trading|income|8,856|9,470|
|Other trading|activities|10,879|41,883|
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||general|general|
|||2021|2020|
|||E|E|
|Rental|income|37,759|66,540|
|Interest|receivable|55|502|
|||37,814|67,042|
##
|||||Unrestrfcted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||general|||general|||
|||||2021|2021||2020|2020|2020|
|||||E|E||E|E|E|
||rai|i|Ici|||||||
|Investment|||managers|||||||
|costs||||9,335||9,335|14,484||14,484|
|Advertising||||7,794|905|8,699|21,916|5,588|27,504|
|Stalf|costs|||9,718||9,718|8,830||8,830|
|Fundraising|||and publicity|26,847|905|27,752|45,230|5,588|50,818|
|||||26,847|905|27,752|45,230|5,588|50,818|
##
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|||DII'ect costs|Support|Cultural|Total|Total|
|---|---|---|---|---|---|---|
||||costsengagement||2021|2020|
|||||costs|||
|||2021|2021|2021|||
|||E|f|8|||
|Staff costs
Depreciation
and impairment
Conference
& event costs
Property expenses
Irrecoverable
jyAT
Other costs
Project costs
Loan interest
Computer costs
Print, post & stationery
Telephone
Equipment
hire||413,042
52,098
66,437
279,631
28,813
4,799|10,132
26,967
15,346
3,268
6,420
540
56,576|1,409
2,187
173,755|643,373
52,098
66,437
279,631
28,813
16,340
2,187
26,967
15,346
3,268
6,420
540|610,309
44,532
258,990
359,928
10,981
26,299
7,442
48,605
13,567
5,253
5,717
720|
|Bank &credit card charges
Cafe & bar purchases
Shop purchases
Repairs|||5,538|2,202|5,538
2,202|6,172
8,304
11,877
556|
|Consultancy||29,697|||29,697|52,844|
|||874,517|124,787|179,553|1,178,857|1,472,096|
|Share ofgovernance|costs (see note 9)||||||
|||11,630|||11,630|11,496|
|||886,147|124,787|179,553|1,190,487|1,483,592|
|Analysis
by fund|||||||
|Unrestricted
funds - general
Restricted funds||524,221
361,926|118,825
5,962|178,144
1,409|821,190
369,297|1,324,439
159,153|
|||886,147|124,787|179,553|1,190,487|1,483,592|
##
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|Support|costs|||||
|---|---|---|---|---|---|
|||Support|Governance|2021|2020|
|||costs|costsf|||
|Audit fees
Legal and professional
Accountancy
services|||6,300
1,313
4,017|6,300
1,313
4,017|6,000
3,670
1,826|
||||11,630|11,630|11,496|
|Analysed|between|||||
|Charitable|activities||11,630|11,630|11,496|
##
|The average|monthly
number ofemployees
during
t|he year was:||
|---|---|---|---|
|||2021|2020|
|||Number|Number|
|||41|36|
|Employment|costs|2021|2020|
|||f|f|
|Wages and|salaries|653,091|619,139|
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||||||||Total|Unrestricted|
|---|---|---|---|---|---|---|---|---|
|||||||||funds|
|||||||||general|
|||||||||2020|
|||||||||E|
|Revaluation||of investment||properties||||19,354|
|Tangible|fixed assets||||||||
||||||Leasehold|Plant and|Fixtures and|Total|
||||||Improvements|equipment|rttdngs||
||||||E|E|E||
|Cost|||||||||
|At 1 April|2020||||2,067,584|34,871|96,785|2,199,240|
|Additions||||||4,048|9,508|13,556|
|At 31 March||2021|||2,067,584|38,919|106,293|2,212,796|
|Depreciation||and impairment|||||||
|At 1 April 2020
Depreciation
charged|||in the|year|1,630,364
30,074|29,188
2,918|39,147
19,106|1,698,699
52,098|
|At 31 March||2021|||1,660,438|32,106|58,253|1,750,797|
|Canying|amount||||||||
|At 31 March||2021|||407,146|6,813|48,040|461,999|
|At 31 March||2020|||437,221|5,683|57,637|500,541|
##
|16|Stocks||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||||6|
||Raw materials|and consumables|||5,413|5,698|
|17|Debtors||||||
||||||2021|2020|
||Amounts
falling due within one year.||||6||
||Trade debtors
Other debtors||||56,027
21,928|44,024
10,186|
||Prepayments|and accrued income|||175,684|43,508|
||||||253,639|97,718|
|18|Creditors: amounts||falling due within one year||||
||||||2021|2020|
|||||Notes||f|
||Other taxation
and social security
Deferred income
Trade creditors
Other creditors
Accruals and deferred
income|||20|8,887
124,426
49,854
81,414
26,162|8,758
124,746
40,839
68,763
30,606|
||||||290,743|273,712|
|19|Creditors: amounts||falling due after more than one year||||
||||||2021f|2020|
||Borrowings||||1,717,954|1,643,073|
##
|||||||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||6|6|
|Other deferred
income||||||||||||||124,426|124,746|
|Deferred
income
2020/21.|relates||to money||received||from
Durham||University||and Vickers|||8 Barrass|relating
to|
|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:|||||||||||
||||||||||Movement|||in funds||||
||||||||Balance at||Incoming||Resources|||Transfers|Balance at|
|||||||1|April 2020|resources|||expended|||31 March 2021||
||||||||8||6|||6||6|E|
|Friends of Ushaw|||||||8,539||3,462||||||12,001|
|Conservation
of Pugin||Altarpiece|||||5,969||||||||5,969|
|Nativity Sculptures|||||||1,700||||||||1,700|
|Cultural
Engagement|||||||1,009||||||||1,009|
|Museum
Grant|||||||||2,349|||(1,288)|||1,061|
|Roger Kelly MF|||||||9,304||590|||(14)|||9,880|
|COVID-19 Assistance|||||||||10,000||(14,664)|||4,664||
|Choir|||||||886||90||||||976|
|Holiday Activities|||||||||2,254|||(409)|||1,845|
|Cultural
Engagement||-General|||||||1,000||||||1,000|
|Education|||||||12,616||5,965|||(9,275)|||9,306|
|CDCF COVID-19|Grant||||||||5,000|||(1,565)||(3,435)||
|Outdoor Windows|||||||||10,000|||(9,663)|||337|
|NLHF - Cultural
Recovery||||||||343,731|||(333,325)|||(9,983)|423|
|CDCF - Digital Ushaw|||||||||2,500||||||2,500|
||||||||40,023|386,941|||(370,203)|||(8,754)|48,007|
##
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|Analysis of net assets between|funds|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|||
|||2021|2021|2021|2020|
|||6|f.|6|L'|
|Fund balances at 31 March 2021|are|||||
|represented
by:||||||
|Tangible assets
Investment
properties
Current
assets/(liabilities)
Long term liabilities||461,999
3,690,177
120,632
(1,717,954)|48,007
-|461,999
3,690,177
168,639
(1,717,954)|500,541
3,690,177
(25,546)
(1,643,073)|
|||2,554,854|48,007|2,602,861|2,522,099|
##
||2021|2020|
|---|---|---|
||6|6|
|Within one year
Between two and five years|5,184
7,416|5,184
7,416|
||12,600|12,600|
##
|25|Cash generated
from|operations|operations||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||6|6|
||Surplus/(deficit)
for the|year|||||80,762|(339,233)|
||Adjustments
for:||||||||
||Investment
income recognised||in statement||offinancial|activities|(37,814)|(67,042)|
||Fair value gains and losses on||investment||properties|||(19,354)|
||Depreciation
and impairment
of tangible|||fixed assets|||52,098|44,532|
||Movements
in working|capital:|||||||
||Decrease
in stocks||||||285|522|
||(Increase)/decrease
in|debtors|||||(155,921)|74,666|
||Increase/(decrease)
in|creditors|||||17,351|(85,676)|
||(Decrease)
in deferred|income|||||(320)|(12,416)|
||Cash absorbed
by operations||||||(43,559)|(404,001)|