Charity registration number 1043260
Yorkshire Schools Exploring Society
Annual Report and Financial Statements for the Year ended 31st December 2023
Index
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Reference and Administrative Details
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Trustees Report
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Statement of Financial Activities for the Year ended 31[st] December 2023
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Balance Sheet as at 31st December 2023
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Notes to the Financial Statements for the Year ended 31st December 2023
Yorkshire Schools Exploring Society
Reference and Administrative Details
Trustees Mr I Chappell Mr D M Williams Mr P G Drake Mr S Dixon Mr D Robinson Mr R Smith Registered Office 11 Cornflower Drive Bessacarr Doncaster DN4 7DH
Charity Registration 1043260 Number
Trustees' Report
The Trustees present the annual report together with the financial statements of the charitable organisation for the year ended 31st December 2023
Objects and aims
1
The advancement of education of children in the area of Yorkshire particularly relating to the study of the environment by means of recreation and leisure time activities of an enterprising or exploratory nature so to develop their physical mental and spiritual capacities that they may grow to full maturity as individuals and as members of society and that their conditions of life may be improved.
Objectives, strategies and activities
Grants of £4850 were approved in the year to eleven young people participating in expeditions throughout the World.
Financial Review
The proceeds of the house at Calder Vale together with existing bank accounts have been transferred to Barclays and Lloyds bank accounts and invested through Flagstone in Nationwide Building Society and Aldermore Bank PLC. The investments are secured and producing interest which is used to provide grant support to young people.
Public benefit
The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales
Structure, governance and management
Nature of governing document
Yorkshire Schools Exploring Society (YSES) is a Charitable Incorporated Organisation. The company was established under a Memorandum of Association and Articles of Association in 1964. In the event of the organisation being wound up members have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
Recruitment and appointment of trustees
The charity trustees for the purposes of charity law and under the organisation’s articles are also members of the Committee.
Organisational structure
YSES is a Charitable Incorporated Organisation and the trustees, in accordance with the constitutional document, form the Committee, which is a voluntary body. The charity trustees may create associate or other classes of non-voting membership. Ongoing responsibility for the day-to-day administration is shared between the Chair and Treasurer.
Major risks and management of those risks
The trustees have assessed the major risk factors to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to them. The risk factors have been vastly reduced due to the change in focus of the charity. The society continues to keep up to date with minor and major risks the society may face and feels appropriate systems are in place to mitigate exposure to them.
The annual report was approved by the trustees of the charity on the 12 March 2024 and signed on its behalf by:
Mr I Chappell Trustee
2
Statement of Financial Activities for the year ending 31st December 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Income and Endowments from: | ||||
| Member subscriptions and Compensation | 210 | 30 | ||
| Bank and Building Society Interest | 2850 | 0 | ||
| 3060 | 30 | |||
| Expenditure on: | ||||
| Charitable Activities | ||||
| Governance Costs | 5314 | 1590 | ||
| Net Income | (2254) | |||
| (1560) | ||||
| Loss on sale of property | (0) | |||
| (31778) | ||||
| Net Defcit | (2254) | |||
| (33338) | ||||
| Total Funds bought forward | 126446 | |||
| 159784 | ||||
| Total Funds carried forward | 124192 | 126446 | ||
| All funds are unrestricted |
3 Balance Sheet as at 31[st] December 2023
| Note | 2023 | 2022 |
|---|---|---|
| £ | £ | |
| Current Assets | ||
| Debtors, Prepayments and Accrued interest | 3100 | |
| 238 | ||
| Cash at Banks and Building Society | 122442 | |
| 126208 | ||
| 125542 | ||
| 126446 | ||
| Less Creditors less than a year | 1350 | |
| 0 | ||
| Net current assets | 124192 | |
| 126446 | ||
| Net Assets | 124192 | |
| 126446 | ||
| Funds of the charity | ||
| Unrestricted funds | 124192 | |
| 126446 |
The financial statements on pages 3 to 5 were approved by the trustees, and authorised for issue on the 12 March 2024 and signed on their behalf by:
Mr I Chappell Trustee
4
Notes to the Financial Statements for the year ending 31st December 2023
1. Charity Status
The charity is a Charitable Incorporated Organisation.
2. Accounting Policies
Basis of preparing the financial statements. These financial statements have been prepared in accordance with the provisions of Section 1A ‘Small Entities’ of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’. The financial statements have been prepared under the historical cost convention.
3. Taxation
The charity is a registered charity and is therefore exempt from taxation.