Charity number . 703133 The Trustees of Th0e Prebend House Trnstees, Report and Financial Statements For the Year End 31 December 2024
THE TRIIS I'LES Oth" THL fHORPE PREBEND HOUSE CoD¢ents Page Reference and adn)inistrative details of the Charity, its Trustees and advisors Trnstees, report Trustees, responsibilities statement Independ¢nt auditors, report on the fmancial statements Statement of Financial A¢tivities Balance Shed Notes to the Financial Stat¢m¢nts IOto15
THE TRUSTEES OF THE THORPE PREBEND HOUSE REFERENCE AND ADMJNISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees The Very Rcvd John Dob50n Canon Michael Gisbourne The Ven Clive Mansell Mr Andrew Kitchingman Mr Richard Noake Mr Andrew Lawson Tancred Canon Matthew Pollard Canon Claire Renshaw Julie White (Resigned November 2024) Charity registered Number 703133 PrinefipAI offiee Cathedral Office Liberty Courthouse Minster Road Ripon North YoTkshire HG4 IQS Independent Examillers Amstrong Watson Audit Limited Chartered Accountants and Statutory Auditors York House Nortballerton North Yorkshire DL7 2XQ Bankers HSBC pl¢ 34 Westgate Ripon North Yorkshire HG4 2BL Page I
THE TRUSTEES OF THE THORPE PREBEND HOUSE REPORT OF THE TRUSTEES, FOR THE YEAR ENDED 31 DECEI¥IBER 2024 The ITUStees present tbeir rttport with th¢ financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by ChaTities.' Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019) and with the requiTements of the Charities Act 2011. ORJECTIVES AND ACTIVITIES Objectives and Aims Thc principal objectives of thc Charity aTe to promote the education of the public in the mission and history of Ripon Cathedral and to depi¢t su¢h history by means of modem visual aids. The Charity will carry out its objectives wilhin the Tnt Property. the restoration and maintenance of which is the responsibility of the Trustees. Activitles fin 2024 The Charity lost its caretaker due to ill health in March and this irnpacted on the ability to maximise use of the building. Despite this, over the year 22 school and education groups were hosted, totslling 681 people. In addition, the building hosted a Thge of other events including the Rural Ministy Forum, Friends of Ripon Cathedral. the judging of the Wilfrid Stars awards, and the Uredale Community Partnership. A key focus for investment during 2024 was upgrading of the fire detection and security systems. In addition, works based on an updated fire risk assessment were carried out to install an emcrgcncy fiTe door ¢s¢ape push pad, and upgrade of items on the lift. This was part of a concerted programme of compliance works. FtNANCIAL VIEW Financial View The trustees are grateful to the Chapter of Ripon Cathedral for its initial loan of £13,695 to caTry Out upgrading of the fire delection and security systems. A total investmcnt of £1 0,349 was made during the year on systems and compliance upgrades. Maxirnising the potential of Thorye Prebend for external community and education use relies on having the staff capacity required. Trustees have therefore decided to recruit a replacement caretaker with tlje aim of growing the nun]ber of visitors and the educational and community use of tbe bullding. Page 2
THE TRUSTEES OF THE THORPE PREBEND llOUSE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Coverning document The charity 15 Controlled by its governing documenL a deed of tTusL and wnstitutcs an unincoTroTated charity. IDductioD aDd training of the new trustees All new trnstees are given, in the view of the board, Su1Clent training and have knowledge of the specific field to undeTStand the natur¢ of the charity aT)d fully cornply with the charity's current views of its progression. They are required to ensure they are both aware of both their legal and professiondl rcsponsibilitics undcr chaTity and company law. Approved by the order of trustees and sign rni its behalf by.. Very Revd John Dobson of Ripon ate: os Jufle 2025 Page 3
THE TRUSTEES OF THE THORPE PREBEND HOUSE STATEMFwf OF TRUSTEES, RESPONSIBILITIES FOR TIIL YEAR ENDED 31 DECEMBLII 2024 Thc TTUStccs are responsible for Preparing the Trustees, report and the fLnancial statetncnts. in ac¢ordan¢e with applicabEe law and Unitcd Kingdom Accounting Statldards (United Kingdum GcncTally Accepted Accounting Practicc). The law applicable to charAties in England & Walcs requires the Truslees to prcparc financial statements for each financial ycaT which give a tru¢ alld fair view of the state of affairs of the Charity and of its incorning resources and application of resources, including its income and expenditure, for the peTiod. In preparing these financial statcments, the Trustees are required to.. selcct suitable accounting policies and then apply them consistently. observe the methods and principles of the Charities SORP (FRS102)' make judgments and accounting estimates that ar¢ reasonable and prndent. state whether applicable UK Accounting Standards (ERS 102) have been followfyl subject to any matcrial departures disclosed and cxplained in the financial statements. prepare the [ancial statements on the going conocrn basis unless it is inappTOPTiate to presume that the Charity will continue in business. The Trnstees are responsible for keeping adcquatc accounting records that arc su]cTe1]t to show and explain the Charity's transactions and disclose with r&isonable accuracy at any time the financial position of the Cklarity and cnable them to ensure that the financial statements comply with thc ChaTities Act 2011, th¢ Charity (Accounts and Reports) Regulations 2008 and the provisions of the Tr deed. They are also responsible for safcguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and IegularitieS. Approved by order of the MberS of the board of Trustees and signed on its behalf by: of Ripon ,, 03 J(Jne 202s Page 4
THE TRUSTEES OF THE THORPE PREBEND llOUSE tNDEPENDENT AUDITORS, REPORT TO THE IIIEMBERS OF THE TRUSTEES OF THORPE PREBEND HOUSE Opinlon We have audited the financial statements of The Trustccs of Thorpe Prebend House (the '¢haTity? for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet and the related notes, including a sumrnary of significant accounting policies. The financial TepoTting fiaTncwork that ha5 bctn applied in their preparation is applicable law and United "ngdorn Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting StandaTd applicable in the UK and Rcpublic of Ireland, (United "ngdorn Generally Accepted Accountitlg Practice). The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing thciT accounts in accordance with th¢ Financial Reporting Standards applicable in the UK and Rq)ublic of Ircland (FRS 102) in PTcference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to in thc exlant regu110nS but has bccn withdTawn. This has been done in order for thc accounts to providc a truc and fair view in accordance with tbe Generally Accepted AGGounting Practice effective for reporting periods beginning on or after l January 2019. In our opinion the financial statements.. give a tru¢ and fair view of the stale of the charity's affairs as at 31 December 2024 and of its incoming resources and appLi¢ation of resources for tbe year then ended. have been properly prepared in a¢¢ordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for oplnfion We conducted our audit in accordance with International Standards on Auditing (i]K) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements seclion of our report. Wc arc independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, in¢luding the Financial Reporting Council's Ethical Standard, and we have Ifilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence wc have obtained is sufficient and appropriate to Provide a basis for our opinion. ConclusioDS relating to going concern In auditing the financial statements, we have concluded t11 the TSleeS, use of tbe going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we havc pcrfornicd, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charily's ability to COtLtinuc as a going conccrn for a pcriod of at least twelve months from when tbe financial statcmcnts arc authoriscd foT Issue. Our responsibilities and tbc Tcsponsibilitics of thc TnL8tees with respect to going concern are described in the Televant sections of this rcport. Other information The other infoThnation comprises the illformation included in the annual report otlL¢r tban the financial staternents and our auditors, report thereon. The Trustees are rponSIble for the other inforniation contained within the annual r¢port. Our opinion on the financial statements does not cover the other inforniation and, except to the extent otberwise explicitly stated in our report. we do not express any forni of assurance ¢on¢lusion thereon. OUT Tesponsibility is to Tead the other infornlation and. in doing so, ¢onsideT wbeiber the other inforniation is rnatcrially inconsistent with the financial statements, or our knowledge obtained in the course of the audiL or otherwise appears to be materially misstated. If we identify such rnaterial inconsistencies or appaTent material misstatements, we are required to deterniine whether this gives rise to a Matla1 mASStatement in the fancIal statements Page 5
THE TRUSTEES OF THE TllOiIPE PREBETr4D HOUSE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE TRUSTEES OF TllORPE PREBEND HOUSE themselves. If, based on the work we have perfonned, we conclude that there is a material misstatemellt of this other infonnation, we are required to report that fact. We have nothing to report in this regard. Matters OD which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: the information given in the Trustccs, report is inconsistent in any malerial respect with the financial staterneDts: or sufficient accounting records have not bccn kcpt- or the financial statcmcnts aTe not in agreement with thc aLLounting Tecords and returns. or we have not received all ttLe infonnalion alld cxplanations we require for our audit. Responsibilitie$ of trustecs As explained more fully in the trustees, rcsponsibilities statement. the Trustc¢s are responsible for th¢ preparation of the financial statements which give a true and fair view, and for such internal control as the Truste¢s detennine is necessary to enable the pr¢paration of financial statements that are free from material misstatemenL wh¢th¢r duc to fraud OT error. In preparing the financial staternents, the Trustees are responsible for assessing the ehaTity's ability to continue as a going ¢oncern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to c¢ase operations, or have no realistic alternative but to do so. Auditors, responsibilities for the audit of tbe finAncial stV4temeDts We have been appointed &8 auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud OT eThor, and lo issue an auditors, Teport that ineludes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements Can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of us¥rs takcn on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and Tegulations. We design procedures in line with our responsibilities, outlined above, to detect mateTial rnisstatcments in respect of irregulaTitics, including fraud. Ibe exlent to which our procedures are capablc of dctccting iryegularities, including fraud is detailed below. Our approach to identifying and asscssing the risks of material misstatcrncnt in respect of irregularities, including fraud and non- compliance with laws and reEulations, was as lollows.. the engagement partner cnsurcd that the engagement teatn collectivcly had the appropriate cotnpetencc, capabilities and skills to identify or recognise non-compliancc with applicable laws and regulations, such as Ibe Charitics Act 2011,. we identifjed the laws and Tegulations applicable to the Charity through discussions with Trustees alld oihcr managemen we assessed the extent of compliance wilh thc laws and regulations identified above through making enquiTiCS of management. and identified laws and regulations were cornmunicated within the audit team regularly and the team T¢mained alert to iDStan¢es of non-compliance tbroughout the audit. Page 6
THE TRUSTEES OF THE THORPE PREBEND HOUSE INDEPEI¥DENT AUDITORS, REPORT TO THE MEMBERS OF THE TRUSTEES OF THORPE PREBEND HOUS We &ssessed the susceptibility of the Charity's financial statements to material misstaten]ent, including obtaining an understanding of how fraud might occur, by: making enquiries of management as to wherc they considered there was suseeptibility to fraud, their knowledge of actual, suspected and alleged fraud,. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through managemeni bias and override of controls, we.. performed analitical procedures as a risk assessment lool io identify ally ullusual or uncxpccted rclationships. tested journal entries to identify unusual tTansactions" tested the operating effectiveness of key controls over key transaction cycles such as income, purcbascs aT)d wages" and rcvicwcd thc application of accounting policies including the application of capitalisatiotl of tangible assets In response to the risk of irregularities and non-complian¢e with laws and regulations, we designed procedures whiGh included, but were not limited to: agreeing financial statement disclosures to nderlying supportinE documentatio and cnquiring of rnanagement as to actua] and potential litigation and claims. Due to th¢ inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standd$. For example, as with any audit. there Temained a higher risk of non-det¢clion of iegular1ties, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We aTe not responsible for preventing fraud or noncompliance with laws and Tegulations and cannot be expected to detsct all fraud and non-compliance with laws and r¢gulations, A rther description of our responsibilities for tbe audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This description fornis part of our auditOTS' report. Use of our report This rcport is madc solcly to thc charity's trllstees, as a body, in accordance with Part 4 of the Charilies (Account5 aT]d Reports) Regulations 2008. Our audit work has been undertaken so Ihat we might stale lo the Ch<ity'S tStC8 thosc rnatters we are required to state to them in an auditors, report and for no other purpose. 'I'o the fullest extcnt permitted by law, we do not acccpt or assume responsibility to anyone other tILan the charity and its" trustccs, as a body, for OUT audit work, for this report. or foT the opiuions we havc formed. Armstrong WatSOD Audit Limfited CbarteTed Accountants & Ststutory AuditQTS Northallerton Date: as June ZOZS Annstrong Watson Audit Limited are eligible to act as auditors in tcnns of section 1212 of the Companies Act 2006. Page 7
THE TRUSTEES OF TUE TllORPE PREBEND HOUSE STA TEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds 2024 Total Funds 2024 Total Funds 2023 Note Income from: Donations and legacies Charitable activities Other income 16J98 13,695 16J98 13,695 18,108 Total Income 30,093 30,093 18,108 Expenditure on: Raising funds Ckwitable activities 4,737 25,034 4,737 25,034 5,389 16,131 Total expenditure 29,771 29,771 21,520 Net movement in funds 322 322 (3,412) R¢¢on¢iltation of funds: Total Funds brought foTward Net movement in fijnds 93,503 322 93,503 322 96,915 (3,412) Total funds carried forward 93,625 93,625 93,503 The Statement of financial activities includes all gains and losses Tecognised in the year. The notes on pages 10 to 15 forni part of these financial statements. Pagc 8
THE TRUSTFES OF THE THORPE PREBEND HOUSE BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 INote Fixed assets Tangiblc asscts 91,473 94,480 91,473 94,480 Current assets Dcbtors Cash at ballk and in hand 818 2,960 806 491 3,778 1,297 Creditors.. amounts falling due within one year (1,626) (2,274) Net current liabilities 2,152 (977) Total assets less current liabilities 93,625 93,503 Total net assets 93,625 93,503 Charity funds Restricted fvnds Unrestiicted funds 93,625 93,503 93,625 93,503 The financial statements were approved and autboTised for issue by the Trustees and signed on their behalf by: Mr Andrew Kitchlngmxn Date.. OS Jone 2QS The notes on pages 10 to 15 form part of these financial statements. Page 9
THE TRUSTEES OF THE THORPE PREBEND HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEJ) 31 DECEMBER 2024 Accounting polficies Basis of preparing the financial statejnents The financial statements of the charity have been Prepared in accordance with the Charities SOR (FRS 102) Accounting and Reporting by ChaTities'. Statement of Recommended Practice applicable to charities preparing their accounts in aecordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019) ihe Charitics Act 2011. The FillClaI statcrncnts have been prepared to give a 'true and fair. view and havc dcparted frorn the Charitics (accounts aDd Reports) Regulations 2008 only to the extent required to provide a 'true and fair, view. This dcparture has involvcd rollowing thc Charities SORP (FRS 102) publishcd on 16 July 2014 rather tban the Accounting and Rq)orting by Charities: Statement olReconLmendcd Practice effective from l April 2005 which has since been withdrawn. The Trustees of The Thorpe Prebend House meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at hisloTical cost OT transaction value unless otherwise stated in the relevant accounting policy. Going CODcern The charity has net current liabilities of £2,152 (2023: £(977). The Trustees have received a letter of support from their controlling party, the Chapter of Ripon Cathedral. The Thstees have consid¢red the fmancial position of thc Chapter of Ripon Cathedral and satisficd that it has such resourc¢s to make this support. This is particularly when taking account of the size of thc ChaTity and its obligation. As such the Truste£s are satisfied that it will be able lo mect its obligations as they fall due for at least twelve months from thc date of approval of these accounts. As such thc accounts have been PTepaTcd on a going concern basis. FiDancial reporting standard 102 -reduced disclosure exemptions Th¢ charity has taken advantage of the following disclosure exemption in preparing these fmancial statements, as perniitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Rwublic of Ireland,. the requirements of Section 7 Statement of C&sh Flows. Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received, and the amount of incorne receivable can be measured reliably. Grants are included in the statement of fLnancial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevgnt funds on the balance sheet. Where income is received in advance of entitlement of receipt, its Tecognition is deferred and included in ¢reditors as deferred income. Where entitlement o¢¢urs before income is received, the income is accrued. Page 10
THE TRUSTEI ES OF THE THORPE PREBEND HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YLAR EIYDED 31 DECEMBER 2023 AccouDtiDg pollcies (continued) Expenditure Expcnditure is recogni5ed once there is a legal or constructive obligation to transfer economic b¢nefit5 to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings th&t aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Expenditure on raising funds includes a]1 expenditure incurred by the Charity to raise funds for its charitable PUTposes and includes costs of all fiMdraisU activities events and non-charitable trading. Expenditure on charitable a¢tivities is incurred on directly undertaking the activities which furtheT the Charity's objectives, as well as any associated support costs. Tangible rued assets and depreeiatfion Depreciation is charged so to allocate the cost of tangible fixed assets less their residual value over their estimaled usefijl lives. Depreciation is provided on the following basis: Freehold property Exhibition Costs 20/0 on cost 150/0 on reducing balance Cash at blnk and in hand Cash at bank and in hand includes cash and short-terni highly liquid investments with a short n]aturity of three months or less from the date of acquisition or opening of the deposit or similar account. Liabilities and provisions Liabilities are reGognised when there is an obligation al the balance sheet date as a Tesult of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of settlement catt be estirnated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. WheTe the effect of the time value of money is material, the provision is based 07) the present value of those an]ounts, discounted at the PTe-t&x discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a fllMnce cost. Fiuancial instruments The Charity only has financial assets and liabilities of a kind that qualify as b&si¢ financial instruments. Basic fllwicial instruments are initially recogniscd at transaction value and subsequently measured as their settlement value with the exception of bank loans which are subsequently measuTed at arnortised cost using the effective interest method. i.io Taxation The charity is exempt from tax on its chaTitable activities. PagelI
THE TRUSTEES OF THE THORPE PREBEF4D HOUSE NOTES TO THE FtNANCIAL STATEMENTS FOR I'HL YEAR ENDED 31 DECEMBER 2024 l Aecounting polfieles (¢ontinued) 1.11 Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restri¢ted fijnds can only be used for particular rcstri¢t¢d pury)oses within the objects of the charity. Restrictions arise when specified by the donor or when ndS are raised for particulat restricted purposes. Further explanatron of the nature and purpose of ¢a¢h fund is includcd in the notes to the financial statements. 2 Kn¢ome from charitable activities UDrestrfi¢ted Funds 2024 TotAI Funds 2024 Rents Room Hire 7,130 9268 7,130 9,268 Total 2024 16,398 16J98 Unrestricted Funds 2023 Tolal Funds 2023 Rents Room Hire 7.320 10,788 7,320 10,788 Total 2023 18,108 18,108 3 Other illcome Unrestricted Funds 2024 Totfil Funds 2024 Other income 13,695 13,695 Total 2024 13,695 13,695 Other income relates to the income on The Chapter of Ripon Cathedral waiving the loan to Chaptcr Unrestsicled Funds 2023 Toial Funds 2023 Other income Total 2023 Page 12
THE TRUSTEES OF THE THORPE PREBEND HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrTAR ENDED 31 DECLMBLR 2024 4 Auditor's remuDeration 2024 2023 Fees payable to the Chariws auditor for Ibe audit of the Charity's annual accounts 1,250 800 1,250 800 5 Staff costs 2024 2023 Wages and salaries 1,426 4,659 4.659 Trustees, remuneratiojj and expenses During the year, no Trnstees received any remuneration or other beneflts (2023-£NIL). During the ycar ended 31 December 2024, no TNstee expenses have been in¢urred (2023 - £NIL). TANGIBLE FIXED ASSETS Freehold Property Exhibition Costs 2023 Total Cost or valuation At 1st January 2024 Additions 142J66 25383 167,649 At 31 Deccrnbcr 2024 142J66 25,283 167,649 Depre¢iation At l January 2024 Charge for year 48,954 2147 24,215 160 73,169 3,008 At 31 December 2024 51,801 24J75 76,177 NET BOOK VALUE At 3 l DccernbeT 2024 90,565 908 91,473 At 31 Dernber 2023 93,413 1,068 94,480 Page 13
THE TRUSTEES OF THE THORPE PREBEND HOUSE NOTES TO TItE FINANCIAL STATEMENTS FOR THE I'EAR ENDED 31 DECELMBER 2024 Debtors 2024 2023 Due within one year TTade Debtors Other Debtors 572 246 642 164 818 806 Creditors:AJnounts falling due within one year 2024 2023 Trddc Cr¢ditors Other Creditors 826 800 936 1,338 1,626 2,274 Summary of funds Summary of funds - current year Balance At I January Balance at 31 D¢¢emb¢r 2024 2024 Ineome Expenditure GeneTal ndS 93,503 30,093 (29,771) 93,625 Summary of fund5 - prior year Balance at I January Balance at 31 December 2023 Income Expenditure 2023 General funds 96,915 18,108 (21,520) 93,503 li An2]ysis of net assets between funds Ana]ysis of net Y45sets betTrYeen funds- current year Unrestricted Funds 2024 Total Funds 2024 Tangible fixed assets Current assets Creditors due with in one year 91,473 3,778 (1,626) 91,473 3,778 (1,626) Total 93,625 93,625 Pagc 14
THE TRUSTEES OF THE THORPE PREBEND HOUSE NOTES TO THE FINANCLIL STATEMENTS FOR THE YEAR ENDED 31 DECEMI BER 2024 li Analysis of net assets betsyeen funds - continued Analysis of net assets between funds - prior year Unrestricted Funds 2023 Total 14ullds 2023 Tangible fixed assets Current assets 94,480 1,297 (2274) 94,480 1,297 (2,274) Creditors due with in one year Total 93,503 93,503 12 Related party traDsa¢tions In the year ended 31 December 2024, the charity contributed £Nil (2023: £NIL) towards the rental and upkeep of The Chapter of Ripon Cathedral. The Chapter admiillsters the charity. At 31 December 2024, the charity owed £Nil (2023: £Nil) in relation to a loan given by the Cbapler of Ripon Cathedrnl. Int¢r¢si free loans have been made by Chapter Éo Thorpe Prebend House since 2001. A balance of £Nil {2023:£Nil) is included within the trade creditors which is owed to The Chapter of Ripon Cathedral. In the year ended 31 Dcccmbcr 2024 The Chapter of Ripon Cathedral and liipon Cathedral Development Campaign each patd a "Licence of Occupy" fee of £3,024 (2022.'£3.024). Chapter paid £2,220 towards the light and heat. Page 15
THE TRUSTEES OF THE THORPE PREBEND HOUSE Income and Expenditure Account For the Year Ended 31 December 2024 2024 2024 2023 2023 INCOME Donations Rents Room hiTC Other income Grants 7,130 3220 13,695 7,320 4,740 Licence to Occupy 6.049 6,048 30,093 18.108 Tota] income in reporting period 30,093 18,108 Less: Raisfin donations and le acies Wages Telephone Clcaning 1,426 526 2,784 4,659 529 201 4,737 5,389 Charitable activities Rates and water Insurance Elethicity & gas Postage & Stationery Premises repairs Miscellanious Expenses Depreciation 445 2,608 7,287 367 2,600 7,742 8,615 23 2,847 160 1,734 1,370 153 2,847 188 Freehold property Exhibition costs Premises Expenses 23,719 15,267 Support and governance costs Bank chatgcs Computer Fpellses Accountancy {Gov¢rnanc¢ costs) 64 63 1350 800 lJ14 863 Total expellditUTe 29,771 21,520 Net In¢onJe for the reportin2 period 322 {3,412) Surplu5 for the reporting peTiod 322 (3,412) Page 16