Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Registered No.1047923 ANNUAL REPORT AND FINANCIAL STATEMENTS 2025 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Contents Page Trustees, Annual Report for the year ended 31 March 2025 The Trustees, responsibilities statement Independent auditors report to the Trustees of Yorkshire Water Communty Trust Statement of Financial Activities for the year ended 31 March 2025 Balance Sheet as at 31 March 2025 statement of cash flows tor the year ended 31 March 2025 Notes to the Financial Statements for the year ended 31 March 2025 15 16 20 21 22 23 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Trustees, Annual Report for theyear ended 31 March 2025 Yorkshire Water Community Trust (YWCT), Freepost BD3074, Bradford, West Yorkshire, BD3 7BR, is registered with the Charity Commission (No. 1047923) and constituted by Deed of Trust dated 27 June 1995 that operated for an initial period of 21 years A new Trust Deed was approved and signed on 9 June 2016. Bankers and Independent Auditor Bank.. National Westminster Bank PIC City Off ice Park Row Leeds LSI IQS Independent auditor. Azets Services Limited 12 King Street Leeds LSI 2HL The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Objectives and Activities The primary aims and legal purpose ofthe Trust are: To help those who are in conditions of need and who are unable to meet or pay for charges for the supply of water and sewerage; To enable applicants to break the circle of debt and to resolve their debt problems in the long term; To make donations to charitable or other institutions as the Trustees in their absolute discretion think fit; and To play a role in the establishment of Trust Funds throughout the water industry. All these key activities are of significant public benefit It is important to encourage and maintain enthusiasm from all Trustees, to get their commitment to fulfil the role effectively, playing an important part in the process. It is particularly important that new Trustees participate in customer application audits, so they can get a real feel for our customers. This helps them to make decisions around the criteria, ensuring that the Trust continues to help the most in need, right across the region. The need is recognised by Trustees and Officers to continue to raise the profile of the Trust in the right areas, and to demonstrate a strong business case to Yorkshire Water SeNices Limited (Yorkshire Water) for its continued evolvement Roferenco and Admlnlstratlvo detalls The charity Trustees who served during the year and up until the date of signing the Annual Report were.. Mrs K Pinnock (Chairperson Mr P M Leadbetter MVO Mr B Miah Mrs A Thewlis Mrs G Beniston Mr A Hunt Ms S Clayton Mrs N Browne Mrs S Cheetham (appointed 21 April 2024) Mrs F Patel (appointed 21 May 2024) The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 The TrUStS collectively provide the diverse mix of skills, experience and knowledge required to run the Trust effectively. Baroness Kathryn Pinnock (Kath) was appointed to the Board of Yorkshire Wateras an independent non- executive director in March 2008. Kath stepped down from the Board of Yorkshire Water in August 2017. Kath has been a councillor with Kirklees Council since1987and has held the postof Leader ofthe Council from 2000 to 2006. She is a vice president of the Local Government Association and was both a board member of Yorkshire Forward from 2000 to 2012 and a member of the executive of Yorkshire and Humber Regional Assembly from 2000 to 2006. Kath was a regional peer for the Local Government Improvement and Development Agency which involved working with councils and councillors to improve the quality of local government Kath was awarded an honorary doctorate by the University of Huddersfield in 2015 for services to Local Government. She was appointed to the Governing Body of the University in 2016. In 2014 Kath was awarded a Peerage and speaks on Local Government and children's issues in the House of Lords. Phil Leadbetter MVO retired in March 2004 with the rank of Wing Commander after a 37-year career in the Royal Air Force. He is a member of the Soldiers Sailors Airmen and Families Association (SSAFA) Forces Help and served as a Divisional Secretary for three years. He is also a former Chairman of the local branch of the Royal Air Force Association. Babul Miah is a practising solicitor and specialises in litigation disputes including civil, personal injury, employmentand immigration matters. He hasworked for leading Yorkshirefirm Gordons LLP and was a former partner at Derbyshire firm Chapman & Chubb. He is currently working as a Consultant at Larkman Lodh Solicitors in Sheffield & Nottingham. He is also a trained mediator, dealing with pro- bono neighbour disputes. Ariane Thewlis previously worked for the Direct Line Group for 16 years in various roles and was a Complaints manager when she left to join Loop. She has worked for Loop as a Collections Manager for nearly eleven years looking at collection of debt and balancing customer and business needs and ensuring customers are offered the support, they need to be able to get out of debt with the focus on vulnerability. She has led the Loop Wellbeing Group for the last nine years supporting colleagues and identifying and raising awareness for Mental, Physical, and financial health. As she is a Collections manager, she can provide a differentperspectiveto someofthe challengesthat people are facing. Ginger Beniston is Head of Quality and Compliance for a large, established mental health charity which specialises in supporting individuals with poor mental health and problem debt. Ginger used to manage the Mental Health Crisis Breathing Space Scheme (aka, The Debt Respite Scheme) whereby individuals receiving mental health crisis treatment, could apply for legal protections against creditor action. In April 2023 Ginger was seconded to her current role in managing the FCA responsibility of the Mentol Health & Money Advice Service. Ginger has worked in the charity sector since 2017 and previous to that. worked in the Banking sector since moving to the UK from Canada in 2001. The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Adrian Hunt enlisted in May 1975 to the Royal Armoured Corps Junior Leaders Regiment stationed in Bovington, Dorset. The highlight of his career was being nominated as the Queens driver for the Royal Tank Regiments Standard Parade in 1985. Adrian left the regular army in 1998 after a full career (23 years). Adrian joined the Army Reserves in 2000 and commissioned in 2005. He is currently serving with the Army Reserves in Co Durham with 102 Battalion Royol Electrical fvAechanical Engineers as the Battalion 2nd In Command and Operations Officer. Adrian holds the appointment of Branch Secretary for SSAFA South Yorkshire and sits on a number of Local Authority Armed Forces Community Covenant Boards as the SSAFA military representative. Sarah Clayton is a retired housing and regeneration professional. During 0 35 year career she held a number of senior management roles delivering strategic housing services, large scale affordable housing and regeneration schemes and housing management services. Sarah was the Head of Housing Management at Kirklees Neighbourhood Housing managing services to 23,000 council homes across Kirklees. Previous to this, she was the Head of Housing Strategy for Salford City Council for ten years which included dealing with the regeneration schemes in deprived areas to help develop new affordable homes. Nicola Browne has worked for Yorkshire WaterlLoop for the past 27 years having commenced her journey with Yorkshire Water in September 1995 as a Customer Service Graduate. Around 1998, she moved to Advertising and Publicity and then to Sales and Marketing. In 2000, she transferred to Loop where she undertook a variety of roles within Account Management, Marketing, Internal and External Communication and then took over the management of Loop's Change Programme. She currently works in the wider Integration and Improvement Team as Business Change Manager and manage a team of Implementation Managers and the Loop Communication Specialist Sarah Cheetham joined as a Trustee in May 2024. Sarah has worked at stepchange Debt Charity since 2001 and is a member oftheir Senior LeadershipTeam. She currently holds the position of Head of Operating Subsidiaries, where she's responsible for their IVA, Equity Release and Mortgage businesses. Prior to this she held the position of Head of Debt Advice and Head of Operational Service Delivery. Sarah brings a wealth of experience from the charity and debt advice sector, including operational leadership, change management and product management. Fayaz Patel joined as a Trustee in May 2024. Fayaz has over a decade of experience in asset management within the utility engineering and process industry, specifically in the oil and gas sector. As an electrical engineer specialised in power systems. he started his career offshore on an oil and gas platform, where he developed my skills as an electrical specialist at ConocoPhillips. Currently, he works onshore with National Gas Transmission in the Asset Engineering departmenL providing electrical engineering expertise for CapEx projects. In his role, he provides engineering and technical support throughout the lifecycle of projects and he is responsible for technical audits, ensuring compliance with key legislation, regulatory, policy and procedural requirements related to electrical work on compressor and terminal sites across the United Kingdom. The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 The expenses of the Trustees are covered by the Trust. The Trustees have taken into consideration the Charity Commission guidance on public benefit. The Trust aims to benefit the public through helping to relieve water poverty in Yorkshire when reviewing the organisation's aims ond objectives and in planning future activities. The Trustees consider the key management personnel of the charity to be the Board of Trustees. The Trustees are in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All Trustees give their time freely and no Trustee remuneration was paid in the year (2024: £nil) other than the reimbursement of expenses, as disclosed in note 4. The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Trust Officers The Trust has a part-time Trust Manager (Claire Gott) with two part-time Trust Officers (Justine Gardner and Zarqa Manir) and a full-time Trust Officer (Tasleem Salaq). All resources are funded by Kelda Group Limited (Kelda Group) and work within a Service Level Agreement for the Trust The employment and ossocioted costs of these individuals are disclosed in the Statement of Financial Activities and related notes. A Trust Secretary (Emily Priestley) and a Treasurer (Elliott Pashley) provide their services on a voluntary basi& Structure. Governance and Management Inductlon and Tralnlng of new Trustees Trustees are appointed foran initial period of three years. afterwhich they may resign or offer themselves for re-election for a further term of off ice. Trustees are appointed by way of general advertising via the local Citizen Advice Bureaux, Debt Agencies and Chambers of Trade. Applications are invited from anyone. The process of appointment involves a potential candidate submitting their CV to the Trust Officer which is then considered initially by the Trustees at a quarterly Trust meeting to draw up a short list. Candidates are then invited for interview by a panel comprising the Chairperson of the Trust, one or two Trustees and the Trust Manager. Once interviewed, selected, and references confirmed, the panel puts forward successful candidates for appointment to the next Trust Board meeting for opproval. There are no provisions for any other person or body to appoint one or more Trustees. Trustees are appointed by deed by the existing Trustees pursuant to the provisions of the Trust Deed and the Trustee Act 2000. There are no restrictions imposed by the governing document concerning the way in which the charity operates or any specific investment powers that this requires to be described. The charity does not make any investments and accordingly does not have an investment policy. On appointment, all new Trustees are given a copy of the Trust Deed, a copy of the most recent YWCT Business Plan, a Trust Information Pack and copies of the minutes from the past year's Trust meetings. They also receive a copy of appropriate information from the Charity Commission website - e.g. cc3(a) The Essential Trustee. Trustee Audits are an imF)Ortant part of training where o Trust Officer is present. Here they have the opportunity to see actual application forms. giving them an insight into the individuals and families they have a responsibility to help. The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 At least once each year, the Trust Manager gives a presentation at a quarterly meeting. This reminds all Trustees of the background to the Trust etc. along with a review of the current criteria and recent octivities. The Trust Officers are always available for advice and information. Award Approvol Process All decisions regarding the payment of awards are made by the Trustees at their quarterly meetings or mid-audits. Authority to reject applications which do not meet the criteria for awards is delegated to the Trust Officer, but these are formally confirmed retrospectively by the Trustees. The Trustees also have the opportunity to review the applications for awards at mid-audits and final audits held each quarter. Rlsks The Trustees have examined the major strategic business and operational risks, which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. The major risks identrfied are: Inadequate funding; which is mitigated by timely and accurate requests for funding made to the Kelda Group, as well as quarterly reporting of financial returns and operations status. Dependency on sole income source: which is mitigated by the Trust Chairperson liaising with senior exutIveS of Kelda Group to provide updates on the charitys acttvities. Restrictions on types of awards- which is mitigated by the criteria for awards being revised to reflect restrictions and forward funding requests are made to Yorkshire Water if appropriate. Misuse offunds, including fraud (internal and external)- which is mitigated by monitoring and auditing of applications by the Trustees and keeping an audittrail of the systems preSsIng. Inadequate IT systems, which is mitigated by technical support provided by Kelda Group, regular data backups and system updates, disaster recovery procedures and security and authorisation procedures. Non-compliance with legislation and regulations which is mitigated by monitoring compliance procedures and identification of issues where advice is required and access where necessary. The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Achievements and Perfomiance The Trust Off icers have continued to maintain and create good relationships throughout the advice and support agencies in Yorkshire. In accordance with criteria set by the Trustees. awards totalling £1,191,480 (2024= £1,199,051) were made to 2,297 (2024: 2,422) successful applicants. These were identified as being the individuals and families most in need from the 2.865(2024= 3.024) applicants. Trustees and the Trust Officers have actively monitored and reviewed the criteria, in order to maximise the budget and to help them target the groups, individuals and families most in need in the community. During the year, every applicantwho met the criteria received an award for the full amount to which they were entitled within the funding received from Kelda Group. Any additional applications entitled to awards in the year will be considered in nextyear's funding. External influences were inevitably an issue, due tothe high levels of utilitydebtthroughoutthe region, and indeed nationwide. Asexpected, external issues continued to affect the Trust, but it has continued to grant awards by passing on all funds received from Kelda Group. Of the Trustees, Nicola Browne is also employed by the Keldo Holdings Limited group of companies. As detailed on page10 there was a decrease in applications sent out, throughout the financial year, the full budget was utilised in advance of year end due to the ongoing cost-of-living crisis, the Trust saw a 6°A decrease in applications. It is expected that there will continue to be an effect of the cost- of-living crisis in 2026. The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Analysis of Applications to YWCT During the year ended 31 March 2025, the Trust Officers sent out12087 (2024.12876) application forms to individuals which was an decrease of 6% (2024: 5% decrease) on the previous year. The majority of individual requests for application forms originated from referrals from Yorkshire Water credit control staff, with other requests from the various advice agencies and directly from individuals. Literature enclosed with Yorkshire Water bills made clear reference to the TrusL Awards were made according to the criterio set by Trustees and crfter full consideration of the applicants. individual circumstances based on details given on their application form (a few of which were confirmed by letter I telephone). In order to be successful, applicants must have firstly shown that they were in a multiple priority debt situation and must not have previously received an aword from the Trust within the past two years. The whole situation of the household was then considered, particularly with regard to regular income and outgoings. overall level of debt financial dependants, long-term illness or disability, and physical, emotior1 or financial vulnerability. Whilst it is accepted that not all applicants will have been helped, from the applications received, 80/. (2024.. 80/.) have been assisted by the Trust The following graphs show trends for the Trust over the last four years. Number of applications received and approved at each Trust Meeting •Applications roved 1000 900 800 700 600 500 400 300 200 100 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep22 Dec-22 Mai-23 Jun-23 Sep-23 Oec-23 Mar-24 Jun-24 Se*24 Dec-24 Mar-25 io The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 The average award for the year ended 31 March 2025 was £519 (2024: £495). Total award made at each Trust meeting 400 350 300 250 200 150 100 50 Jun-21 Sep21 Dec-21 Mar-22 Jun-22 SepL Dec-22 Mar-23 Jufr23 Setr23 Dec-23 -24 Jun-24 se24 Dec-24 Mar-25 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Financial Review Pollcy on Roservos It is the policy of the Trustees to pay (]words to thefull level of funding and throughout the year to maintain the reserves at a minimum level. The minimum level is approximately £5,000 (2024". £5,000) and is used to meet short term financing need& This is unrestricted and available to be applied for the general purpose of the charity. Free reserves as at 31 March 2025 were £15,354 (2024= £9,714), in line with the policy. Prlnclpal Fundlng Source The principal funding source for the Trust is Kelda Group, it is the TTUStees' expectations that this funding will continue for the foreseeable future. Investments No investments are held by the Trust Fundraising The Trust receives donations from Kelda Group arKI does not undertake any external fundraising activities. Review of Awards YWCT approved awards as follows: Dgteof Meeting Amount Poid (£) No ol Awards June 2024 354,655 677 September 2024 313,667 612 December 2024 354.497 679 March 2025 168,661 329 These awards amounted to a total of £1,199,480 (2024: £1,199,051). 12 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 The Trust Manager formally reports at least quarterly to Trustees, to show the budgetary position and other relevant information. No awards are made until formally approved by Trustees, as set out below.. the application is checked for completeness and signature. decision made on basis of current criteria.. unsuccessful and potentially successful applicants are advised in writing; application and decision checked by third party; Trustees approve awards at mid-audit or quarterly meeting,. and awards made and successftjl applicants informed in wrtting. Going concem The Trustees believe that preparing the Financial Statements on the goirKJ concern basis is appropriate. YWCT has no commitments and has total discretion over grants made from available cash reserves received from Kelda Group. 13 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Plans forthefuture The Trust will continue to play a role in moving charitable organisations forward within the utility sector, particularly in the Yorkshire region. Trustees and Trust Off icers will continue to work with advice agencies and Keldo Group colleagues in raising awareness of the Trust acrossthe region.targeting the mostappropriate groups of individuals and families. There will be an ongoing process of reviewing the criteria and operating procedures of the Trust, maximising the budget. Trustees will continue to look for evidence that they are making a difference to the lives of some of our most vulnerable individuals and families. The Twst will continue to make awards in line with its objectives, listed on page 3, for the foreseeable future. Indwndent audltor Azets Audit Services Limited have indicted their willingness to stand for reappointment, and arrangements have been made with the Trustees for reoppointment.. 14 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 The Trustees, responsibilities st(rtement The Trustees are responsible for preF)aring the Trustees Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including FRS102"The Financial Reporting Standard applicable in the UK and Republic of Ireland". 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 crffairs of the charity and of the income and expenditure of the charity for that period. In preparing these Financial Statements, the Trustees are required to: select suitable accounting policies and then appty them consistently,. observe the methods and principles in the Charities SORP; make judgments and estimates that are reasonable and prudent state whether applicable accounting standards have been followed,. and prepare the Financial Statements on the going conrn basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper 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 irreguloritie The Trustees are responsible for the maintenance arKI integrity of the chority 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. Under the Charities Act 2011, the Trustees must not approve the Financial Statements unless they are satisfied that they give a true and fair view ofthe state of affairs of the charity and of the surplus or deficit of the charity for that period. Kqth Pinnock on behall of the Trustees Trustee Date: 04111/2025 15 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Independent auditors report totheTrustees ofyorkshire Water Communty Trust Roporton the audlt ofthe Flnancial Statoments oplnlon We have audited the Financial Statements of Yorkshire Water Community Trust for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet the statement of cash flows and notes to the Financial Statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting standards, including Financial Reporting standard 102 The Financial Reporting standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the Financial Stotements= ' give a true and fair view of the state of the Trusfs affairs as at 31 March 2025 and of its surplus for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and . have been prepared in accordance with the requirements of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the Trust in accordance with the ethical requirements that are relevant to our audit of the Financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relqting to going Concern In auditing the financial statements, we have concluded thatthe Trustees use of the going concern basis of accounting in the preparation of the Financial Statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the trust's ability to continue as a going concern for a period of at least twelve months from when the Financial Statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. 16 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Independent auditors report totheTrustees ofyorkshire Water Communty Trust (continued) other information The other information comprises the information included in the Annual Report other than the Financial Statements and our auditors report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the Financial Statements does not cover the other information and, except to the extent otherwise explicitly stated in our repor¢ we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Financial Statements or our knowledge obtained in the course of the oudit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements,we are required to determine whether this gives rise to a material misstatement in the Financial Statements themselves. If, based on the work we have performed, we conclude thatthere is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. oplnlons on othèr matters In our opinion, based on the work undertaken in the course of our audit: the information given in the Trustees report for the financial year for which the Financial Statements are prepared is consistent with the Financial Statements,. and . the Trustees report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by oxcoptlon In the light of the knowledge and understanding of the Trust and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees. report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us- or . the Financial Statements are not in agreement with the accounting records and returns,. or . certain disclosures of Trustees specified by law are not made; or . we have not received all the information and explanations we require for our audit. 17 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Independent auditors report totheTrustees ofyorkshire Water Communty Trust (continued) Rosponslbllltlos of Trustees As explained more fully in the Trustees, responsibilities statement. the Trustees are responsible for the preparation of the Financial Statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of Financial statements that ore free from material misstatemenL whether due to fraud or error. In preparing the Financial Statements, the Trustees are responsible for assessing the Trust's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Trust or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the Finqncial Statements Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement whether due to fraud or error, and to issue an auditors report that includes 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 users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council's website at: www.frc.org.uklauditorsresponsibilities. This description forms part of our auditors report. Extent to which the audit was considered copable ol dettIng irregulorities, including fraud Irregularities, including fraud, are instances ot non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud. Independent auditorfs report totheTrustees ofyorkshire Water Communty Trust (continued) In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included: 18 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud,. . Reviewing minutes of meetings of those charged with governance,. Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection- Reviewing Financial Statement disclosures and testing to supporting documentation to assess compliance with applicable laws ond regulations; - Performing audit work overthe risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. .Performing audit work over the timing and recognition of income and in particular whether it has been recorded in the correct accounting period. Because of the inherent limitations of an audiL there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the Financial Statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the Financial Statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Useofour report This report is made solely to the Charitys Trustees, as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity's Trustees as a body, for our audit work, for this reporL or for the opinions we have formed. Azets Audit Services Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. Jesslca Lawrence (Sonlor Statutory Audltor) Azets Audit Servi¢es Limited 12 King Street, Leeds, LSI 2HL Date: 10/1112025 19 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 statement of Financial Activities fortheyear ended 31 March 2025 Notes Total unrestricted lunds for the year ended 31 March 2025 Total unrestricted funds for the year ended 31 March 2024 Income Donations and Legacies Donations 1,298,172 1,293,233 Total Income 1,298,172 1,293,233 Expenditure Charitable Activities Charitable activities in the year (1.292.532) (1,293,233) Total Expondlturo (1,292,532) (1,293,233) Net movement in funds 5.640 Fund balances brought forward at l April 9.714 9,714 Fund balancos carrled forward at 31 March 15.354 9,714 All amounts related to continuing operations. The charity has no gains and losses other than those included in the results above in the current and prior year. All funds are unrestricted. 20 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Balance Sheet as at 31 March 2025 31 March 31 March 2025 2024 Notes Curront Assets Cash at bank and in hond 315,354 309,714 Liabilities due < l year Deferred Income (300,000) (300,000) Net Assets 15,354 9,714 Tho Funds of tho Charlty Unrestricted funds 15,354 9,714 Total Charity Funds 15,354 9,714 These Financial Statements on pages 20 to 26 for YWCT. registered number 1047923, were approved by the Trustees and authorised for issue on. They were signed on its behalf by. Koth Pinnock Trustee Date: 0411112025 21 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 statement of cash flows for the year ended 31 March 2025 Year ended 31 March 2025 Year ended 31 March 2024 Donations from Kelda Group 1,197,120 1,199,051 Charitable grants payable (1.191,480) (1,199,051) Net movements in funds for the year Net cash flows from Trust activities 5.640 5,640 Cash at bank and in hand at the start of the year Cash at bank and in hand at the end of the year 309.714 309,714 315.354 309,714 Material Non-cosh Tronsoctions During the period ended 31 March 2025 £101.052 (2024= £94,182) of costs were incurred in relation to support and other costs (note 4). However the costs of these seNices were donated in full by Kelda Group. There were no cash equivalents at 31 March 2025 (2024: none). The notes overleaf form F)art of these Financial Statements. 22 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Notes to the Financial Statements for the year ended 31 March 2025 The charity is o public benefit charity and is an unincorporated charitable Trust. Accounting Policies Basis of preF>aration The Financial Statements have been preF)ared in accordance with 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) (effective l January 2019) - (Charities SORP (FRS102)). The Financial Statements have been prepared on the historic cost basis and accounting policies have been consistently applied. The functional currency of the Trust is pounds sterling, and the Financial Statements are presented in pounds sterling rounded to the nearest £1. Cash at bank and in hand comprise cash balances. Income Recognised when the Trust has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Donated support and other services are recognised on of the value of the gift to the charity, which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Expenditure Charitable expenditure is recognised in the Financial Statements once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back off ice costs, finance, personnel and governance costs which support the charitys activities. 23 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Notes to the Financial Statements for theyearended 31 March 2025 (continued) Accounting Policies (continued) Llabllltles 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. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Chority and which have not been designated for other purposes. l Accounting estimates and judgements The preparation of Financial Statements in accordance with FRS 102 requires the use of certain critical accounting estimates. It also requires Trustees to exercise theirjudgement in the process of applying the Trust's accounting policies. In the application of the charitys accounting policies, the Trustees are required to makejudgements, 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 foctors that are considered to be relevant. Actuol 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, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. After review, the Trustees consider that there are no critical estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the Financial Statements. 24 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Notes to the Financial Statements for the year ended 31 March 2025 (continued) 3. Funds The income funds of the charity are all unrestricted. The following funding was received by way of donations from Kelda Group in the year. 2025 2024 Donations Support Costs (note 4) Total donations 1.197.120 101,052 1.298.172 1,199,051 94,182 .293,233 Donations include £300,000 (2024: £300.000) received in advance from Kelda Group and are disclosed as deferred income (see note 8). 4. Support and Other Costs The following support and expense costs were incurred by the charity during the year. 2025 2024 Kelda Group Support costs 92.462 86,157 Other costs including audit fees 8.480 7,650 Trustees Trustee expenses paid to ten Trustees (2024= ten) 375 Total 101,052 94,182 Support costs included the following full time and part-time staff resources and associated costs who are employed within the Kelda Group: full time.. one (2024: one), part-time.. three (2024.. three). The Trust has no directty employed staff. Support costs included governance costs relating to audit fees (note 5) of £8,480 (2024: £7,650). The Trustees receive no remuneration for their services otherthan reimbursed expenses os disclosed above. 25 The Yorkshire Water COMMUNITY TRUST
Yorkshire Water Community Trust Trustees, Annual Report for the year ended 31 March 2025 Notes to the Financial Statements for the year ended 31 March 2025 (continued) 5. Audltor's Romuneratlon 2025 2024 Audit of these Financial Statements 8,480 7,650 Audit fees are paid by Kelda Group. 6. Related-party transactions There are no related party transactions in the reporting period that require disclosure (2024.. none) other than reimbursed Trustee expenses as disclosed in note 4. Grant-making activities 2025 Grants to Individuals Support Costs (note 4) Totol Charitable grants payablefor the benefitof individuals in financial need 1,191,480 101,052 1,292,532 2024 Grants to Individuals Support Costs Total Charitable grants payable for the benefit of individuals in financial need 1,199,051 94,182 1,293,233 8. Liabilities due less than l year Deferred income of £300,000 (2024: £300,000) relates to donations received in advance from Kelda Group. Ultlmate Controlllng Party The charity's ultimate controlling party is the Board of Trustees. 26 The Yorkshire Water COMMUNITY TRUST