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2024-03-31-accounts

Registered number: 03236813 Charity number: 1061687

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1 - 2
Chairman's Statement 3
Trustees' Report 4 - 14
Independent Auditors' Report on the Financial Statements 15 - 18
Consolidated Statement of Financial Activities 19
Consolidated Balance Sheet 20 - 21
Company Balance Sheet 22 - 23
Consolidated Statement of Cash Flows 24
Notes to the Financial Statements 25 - 60

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Patron
HRH The King (from 3 May 2024)		 Patron
HRH The King (from 3 May 2024)
Trustees Claire Brightley (resigned 7 December 2023)
Eloise Brown
Mark Cunliffe-Lister
William Downs
Christine Leigh Emeritus Professor (resigned 7 December 2023)
Carl Lis OBE (resigned 9 May 2024)
Jonathan Page
Thomas Pratt, Chair
Eileen Spencer
Tracy Walker
Thomas Wheelwright (resigned 9 May 2024)
Kelsey Williamson
Noreen Khan (appointed 3 August 2023)
William Lifford (appointed 9 May 2024)
Rowena Herbert (appointed 9 May 2024)
Rebecca Murdoch (appointed 9 May 2024)
Company registered
number
03236813
Charity registered
number
1061687
Registered office
Old Post Office
Main Street
Clapham
Lancaster
LA2 8DP
Investment Manager
Cazenove Capital
1 London Wall Place
London
EC2Y 5AU
Company secretary
Josephine Margaret Boulter
Chief executive
David Sharrod
Independent auditors
Armstrong Watson Audit Limited
Chartered Accountants
Statutory Auditors
Number 3
Acorn Business Park
Keighley Road
Skipton
North Yorkshire
BD23 2UE

Page 1

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Bankers

Solicitors

Barclays Bank plc 49 High Street Skipton North Yorkshire BD23 1DH Forbes Solicitors 55 St Thomas's Road Chorley Lancashire PR7 1JE

Page 2

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

The 2023/24 fiscal year has been a period of remarkable achievement and growth for our Trust. Reflecting on the past year, I am proud to highlight several key accomplishments that have strengthened our organisation and expanded our impact.

First and foremost, our strong fundraising efforts have enabled us to continue our key projects whilst supporting more people. This strong financial foundation has been crucial in allowing us to respond effectively to the growing needs of our community.

One of our most significant achievements this year was the successful launch of our grants programme. I am delighted to report this initiative has supported over 30 projects. The grants programme has provided us with the ability to directly impact local organisations and foster positive change across our community. This programme exemplifies our commitment to making a tangible difference at the grassroots level.

Internally, we've made great strides in developing our senior leadership team. This ongoing process has been instrumental in ensuring a robust framework is in place for the future of our organisation. By investing in our leadership, we are securing the Trust's ability to adapt, innovate, and continue serving our beneficiaries effectively for years to come.

In addition to these operational achievements, we undertook a comprehensive strategy review in February. This process has allowed us to refine our focus, identify new opportunities, and ensure that our efforts are aligned with the evolving needs of those we serve. The insights gained from this review will guide our decision-making and resource allocation in the coming years, enhancing our overall impact.

As we look back on the year, it's important to acknowledge the challenging economic and environmental conditions that continue to increase the demand for our services. However, the changes we've implemented in our grant delivery process, coupled with our strengthened leadership and clear strategic direction, position us well to meet these challenges head-on.

None of these achievements would have been possible without the dedication and hard work of our staff. Their commitment to our charitable aims, their resilience in the face of challenges, and their innovative spirit are the driving forces behind our success. I extend my heartfelt thanks to every member of our team.

Equally important are our supporters – individuals, businesses, and partner organisations who believe in what we do and enable our work through their generous contributions. Your support is the lifeblood of our organisation, and we are profoundly grateful for your trust and partnership.

As we move forward, I am optimistic about our Trust's future. The strong foundation we've built this year – through our fundraising success, impactful grants programme, leadership development, and strategic planning – sets the stage for even greater achievements in the years to come.

Thank you all for your commitment to the work we do. Together, we will continue to make a meaningful difference to the people, wildlife and landscape of The Yorkshire Dales.

Tom Pratt (Oct 16, 2024 15:15 GMT+1)

................................................ Thomas Pratt Chair of Trustees

Date: 16/10/2024

Page 3

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report together with the audited financial statements of the Company for the year 1 April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the group and the Company qualify as small under section 383 of the Companies Act 2006, the Group Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The principal objectives of the company and registered charity are:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

STRATEGIC PLAN: “People, Landscape and Wildlife”

Our VALUES guide everything we do

How we work

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YORKSHIRE DALES MILLENNIUM TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities (continued)

MEASURES OF SUCCESS

1. YDMT supports PEOPLE to live in, visit and care for the Dales

2. YDMT helps to protect and enhance the LANDSCAPE of the Dales

3. YDMT helps to protect and enhance the WILDLIFE of the Dales

4. YDMT is well-run organisation, which delivers the maximum possible charitable benefit

c. Activities undertaken to achieve objectives

Our work is guided by our Strategic Plan. “People, Landscape and Wildlife” crystallises the breadth of our work, and reflects how we have developed and grown. It also shows how great the challenges are, and that we must continue to be passionate and creative in how we respond.

During this year, we strived to deliver against the measures of success in that Strategic Plan through a suite of projects, grant programmes and partnership working, delivered by our staff team and volunteers. Thanks to the generosity of funders and the hard work of staff and volunteers, much progress was made against that Strategy.

d. Grant-making policies

Our grant-giving is guided by our values and is intended to deliver against the measures of success. 2023 saw the re-launch of our YDMT Grants programme, enabling communities to make a difference in the areas they know best. We gave £196,095 to community projects throughout the year that deliver our measures of success, ranging from befriending services and wellness walks to curlew conservation and community sheds.

Of particular note were £104,000 of YDMT Awards that we were able to give at short notice to support 26 community organisations in the run-up to Christmas, thanks to a generous additional donation of £100,000 from the players of Peoples Postcode Lottery.

In addition, £130,180, of Woodland Grants were given out enabling the planting of 67,820 trees.

Strategic grants included, £10,000 to Tees-Swale, a multi-year project led by partners.

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YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities (continued)

e. Challenges relevant to achieving objectives

The Yorkshire Dales landscape is influenced by the ever-changing relationship between people, place and nature. Over the next decade we will need to work harder than ever before to tackle the overlapping crises of climate change, biodiversity loss and inequality. The climate emergency requires an unprecedented step-change in land use to help meet net zero carbon targets. Biodiversity loss is one of the greatest threats our National Park has ever faced. Inequalities in access to the National Park mean that in 2022 77% of visitors were over 45 years old; 70% were in A, B, C1 social grades and 97% were from a white background.

The Dales faces many challenges and as a charity we need to prioritise our limited resources in a way that has the best impact. We are developing a new three-year strategy to launch in 2024/25, which will help us to do this. As an organisation we need to explore how to increase our impact, while retaining our flexibility and agility as a small well governed, well managed charity.

Organisationally, we are increasingly relying on voluntary donations from our loyal and generous supporters. A recent track record of successful fundraising means we have the financial reserves to be ambitious and make a practical difference in flexible, innovative ways, tackling the challenges that others cannot.

Achievements and performance

a. Main achievements of the Company

2023 has been an outstanding year for Yorkshire Dales Millennium Trust. Thanks to our fantastic supporters and partners, we have inspired more people than ever before to care for and enhance the precious environment and communities of the Yorkshire Dales. We set a deliberately challenging budget in order to deliver increased charitable work, we spent £1,615,394 on charitable activities, an increase of more than £100,000 vs. last year. As ever, costs were tightly controlled and managed resulting in our overheads and support costs coming in under budget.

Our projects have developed into new areas to tackle the challenges we face. We are especially proud of the breadth of our woodland work, and a new woodland management initiative that will help lead the way to more resilient woodlands in the Dales that support nature recovery. Our hay meadow work continues to grow too, with field scale restoration as well as support for community initiatives to improve their local environment for pollinators.

Demand for our outreach work has been higher than ever. In response, we created a new strategy that will refine and focus our work where it’s needed most - providing greater access to nature for people from marginalised groups and empowering people to come to the Dales independently.

A big success for us in 2023 was the re-launch of our YDMT Grants programme, enabling 31 community projects to support our aims. This all puts YDMT in a really positive position for the future, with a number of new partnerships created and existing ones strengthened, we can further grow our capacity to deliver our charitable aims.

We raised an incredible £1.8 million voluntary income thanks to donations, tree dedications, corporate partnerships, trusts, legacies and from the support of players of People’s Postcode Lottery. This included some major unbudgeted income from legacies and People’s Postcode Lottery.

We were also successful in securing a number of statutory income streams worth £161,522, a key aim for the year. This included a new National Citizen Service partnership for our youth work, Farming in Protected Landscape funding for hay meadows and our DEFRA Heart of Pennies Forest project continued to deliver. This all increased income and meant that the forecast (£624,131) deficit on the year was in practice a small profit £156,271, giving us further scope to increase our charitable impact in 2024/25.

Trustees were hugely grateful to all of those who made this possible.

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YORKSHIRE DALES MILLENNIUM TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance (continued)

b. Impact of activities

We undertake detailed evaluation of the impact of our work, indeed we are now investing more in this area and using the Upshot system to monitor and ensure that our charitable Impact is as high as possible. A few of this year’s overarching headlines and case studies of how individual lives have been changed:

People

Our projects help people to visit, care for and live sustainably in the Yorkshire Dales and surrounding areas.

In 2023 we expanded our Green Futures youth work to reach more young people aged 16-17 from underrepresented and underserved communities surrounding the Dales. The aim is to provide multiple outdoor experiences over a 12-month period that encourage teamwork, improve health and wellbeing and provide opportunities for social mixing. 49 young people who might otherwise face barriers to accessing green spaces started their journey with us in autumn.

Our busy People and the DALES team welcomed 930 people from our most underrepresented communities to visit and benefit from the special landscapes here in the Dales and helped them to feel confident to access the natural environment on their own. Many of the events and activities we delivered helped to build lasting connections between local Dales communities and visiting groups.

Six new young people joined our Rural Apprenticeship Scheme in autumn 2023, and we also welcomed our second Woodland Trainee, to help address the skills shortage in the forestry sector. The trainees play a key role in helping to transform native broadleaf cover in the Dales.

Apprenticeship comes full circle - Zach’s story

Zach graduated from YDMT’s Rural Apprenticeship scheme a decade ago and has since, with friend Tom Holgate, established a successful environmental contracting firm, Field and Fell, undertaking large-scale projects in Yorkshire, Cumbria and beyond.

And things have now come full circle with one of Field and Fell’s newest recruits, 17-year-old James Bull, himself a YDMT Rural Apprentice.

“We were thrilled – partly because Zach had been one of my first apprentices – but primarily because it embodies the reasons why the scheme was established in YDMT’s early days,” Said Jo Boulter, YDMT’s Apprentice Scheme Officer. “It’s there to help young people find employment, to enable them to stay in the area where they grew up while gaining the skills to enhance, conserve and protect that area.

Field and Fell’s success is such that Zach and Tom now employ four staff, including apprentice James. Zach said: “Without YDMTs Rural Apprenticeship funding, taking James on would have been a gamble. He’s been with us since August on an 18-month placement and has already learned a lot.

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YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance (continued)

Landscape

Our projects help to protect and enhance the unique natural, cultural and built heritage we have in the Yorkshire Dales for future generations.

Our work continued to support a thriving landscape that is resilient to the impacts of climate change. Our woodland grant programme supported the planting of 67,820 trees including 4,867 metres of hedgerow, with priority given to projects that strengthen habitat networks, increase carbon storage and help to reduce flooding.

As founding member of the Forest Plastics Working Group we believe that more tree planting should not result in more plastics in the environment. Over 350,000 shelters were removed and we were instrumental in expanding the recycling scheme beyond the Dales, with 22 new hubs established across the country.

Our Seed to Sapling project continued to grow – enabling local people to create community tree growing schemes where native saplings will be grown from local provenance seed. This strengthens our efforts to develop a landscape with tree cover of varying types and densities planted using locally grown stock.

Working with land managers at 23 sites across the National Park and Forest of Bowland we started the restoration of over 55 hectares of grassland through appropriate management or the addition of locally sourced, native wildflower seed and plug plants. With the right management, this work will set these sites on the path to becoming species rich meadows.

Wild Share with Mearbeck Wood

Our new supporter woodland represents everything that YDMT does best – community action, teamwork and tree planting! YDMT joined forces with forest management specialists Tillhill in 2023 to deliver a large woodland creation scheme near Settle.

The scheme connects new woodlands to old and once established, the trees will slow the flow of water to help reduce flood risk in the area and improve water quality. Native trees planted in riparian zones to stabilise the riverbanks will also create shade for the existing population of otters known to be on the site. Fifteen percent of the site has remained as open ground and is aimed at increasing biodiversity, providing habitat benefits for reptiles, insects and birds. Woodland connectivity will also increase habitat area for red squirrels.

1,220 trees were planted with community groups including Malham Environmental Group, Settle College students, volunteers from Leeds Building Society and Tarmac, and Getting Clean, an organisation supporting people who suffer from addiction. It was a true community effort to create another beautiful woodland. YDMT was involved in every stage of the development, from installing signage, a bridge, and way-markers to planting the new trees. A new woodland trail gives recreational access to the public – allowing people to enjoy the long vistas towards Pendle Hill and the surrounding Yorkshire Dales.

Wildlife

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YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance (continued)

Our focus continues to find ways to connect small areas of priority habitat, like native woodlands, meadows and wetlands, creating ‘stepping stones’ for wildlife and helping habitats to adapt to climate change.

More and more we are supporting communities to take a leading role in creating and managing these nature-rich habitats for the future. The Yorkshire Dales is home to nationally important populations of UK ‘red-listed’ birds, including curlew, lapwing, black grouse and ring ouzel. In 2023 YDMT Grants were awarded to two conservation projects that are helping to address the severe decline in curlew populations.

We also continued our programme of work across the Dales and Forest of Bowland to conserve flower-rich hay meadows, and protect countless species of invertebrates including bumblebees, solitary bees, butterflies, and spiders. It is amazing to see what’s possible when people and communities take a leading role in supporting nature recovery. A total of 4,640 plug plants were planted across six sites in the Forest of Bowland this year, with the help of school groups, volunteers and community groups.

Over 557 people also took part in a variety of practical conservation and educational activities - including bee identification, earthworm sampling and botanical surveying. Volunteers have gone on to carry out meadow surveys across the Dales, recording lichen, wildflowers, grasses and carrying out bumblebee transects. The data they collect will be used to measure the quality of meadows in the Dales and to inform our future work.

Hermitage Field community meadow

A neglected plot of land in the Crook O’Lune that was once full of weeds has been transformed into a wildflower meadow home to hundreds of species of wildlife thanks to a community of local volunteers.

“By restoring Hermitage Field to a flower-rich meadow we are helping to create habitat for flowers, pollinators and birds, enriching the landscape and providing a wildlife-rich space for people to enjoy.”

In 2023 we were delighted to support the Hermitage Field Community Meadow bioblitz - where wildlife watchers recorded an amazing 398 species of plants, animals and fungi. A variety of butterflies, bumblebees, solitary bees, hoverflies, grasses and wildflowers were observed, including a sighting of the rare Purple Hairstreak butterfly. This highlights the huge transformation the site as gone through, as three years ago only seven species of plant were recorded in a botany survey.

Organisation

Since 1997, Yorkshire Dales Millennium Trust has been an innovative organisation, striving to maximise its charitable impact on people, landscape and wildlife. We recognise that the key to achieving our ambitious aims at YDMT is a well governed, well managed organisation that is respected, understood and where staff feel valued.

Our climate commitments continues across the organisation to implement our goal of net zero by 2030. Key steps we’ve taken this year include signing the Funder Commitment on Climate Change and committing to their six pillars. Carbon Literacy training and certification has also been undertaken by the majority of the staff team.

We are accredited by Investors in People and are committed to the development and wellbeing of our team to ensure we can deliver the best outcomes for the Dales.

As a signatory of the #iwill Power of Youth Charter we are committed to putting young people at the heart of what we do.

As an organisation we need to explore how to increase our impact, while retaining our flexibility and agility as a

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YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance (continued)

small charity. We believe this is possible by ensuring that quality evaluation and monitoring is at the core of all our work, which will enable us to truly deliver exemplar projects and grants that meet the needs of our beneficiaries and the area. We will continue to increase the number of collaborative projects we are engaged with, as well as providing funding, training and advice that enables our partners and communities to support our charitable aims.

c. Fundraising and income generation

We continued to invest in unrestricted income generation. This is key to our ability to deliver charitable works both now and in the future; it underpins and complements the restricted income from grants.

Even in difficult times, we have been overwhelmed by the generosity of our dedicated supporters. This year we raised an incredible £1.8 million thanks to donations, tree dedications, corporate partnerships, trusts, legacies and from the support of players of People’s Postcode Lottery. 76 pence from every pound donated to us goes directly to charitable activity and 24 pence is invested in infrastructure, governance and awareness raising, helping to build our capacity and capabilities as a charity.

d. Investment policy and performance

Trustees invested £500,000 of reserves that should not be needed at short notice. Trustees have appointed a professional investment management firm to manage the investment of these funds using a Charity Authorised Investment Fund that aligns with our investment policy. The objective is to generate a return in excess of inflation over the long term whilst generating an income to support the on-going activities of the trust. Performance is reviewed regularly throughout the year. Net gain £19,679 in the period to 31 March 2024.

Restricted funds are held in low risk interest bearing deposit accounts. These restricted funds are usually held for short periods before being paid out to third parties for delivering projects.

Financial review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements - further details can be found in the Accounting Policies.

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YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

b. Reserves policy

As a small charity with limited liabilities or assets, Trustees have a policy of holding reserves equivalent to 3-5 months' worth of operational costs as a reasonable and adequate reserve against the organisational risks.

At 31 March 2024 we held unrestricted funds of £1,562,730 in large part due to the generosity of our supporters including through legacy gifts. Our restricted funds stood at £264,003 to be used for named charitable projects during this coming year. £354,876 of these funds have been committed to projects and grants that will be delivered in 2024/25.

In 2023, Trustees adopted an ambitious three-year Business Plan intended to not only maintain our current high level of charitable work but to increase impact further. This is forecast to cost more than £6 million over the next three years, with this year’s ambitious budget set to spend £2.7million, relies not only on continued success in fundraising and obtaining grants, but also a deliberate spend-down of our current reserves.

To deliver this ambitious plan Trustees have designated £852,344 of reserves to named projects and grants. The designations will give Trustees the confidence that we can continue to deliver major projects and grants and continue to increase the impact of charitable work. These designations will leave £708,173 free reserves in line with our policy as at March 31st 2024.

c. Risk management

The Organisational Risk Register is reviewed and updated as a standing item at every Board meeting.

Those risks that feature highest fall into three broad categories: financial, organisational and reputational.

A key risk is heavy reliance on unrestricted donations at a time when the economic forecasts and confidence are pessimistic. Mitigations include: significant financial reserves; costs being virtually all under our direct control; recent track record of fundraising; recent increase in our own grant applications. Our own grant giving can be adjusted in-year to reflect income and so control our out-turn.

Financially, we rely entirely on the generosity of our supporters and funders. In an atmosphere of economic uncertainty and cost-of-living crises, their continued trust is both humbling and cannot be taken for granted. We work hard to communicate the value of our work and to maintain genuine relationships with all of them.

Our reputation is perhaps our most valuable asset: hard-won but potentially easily lost. To protect it we continue to update our internal policies and procedures, to improve our evaluation and monitoring of our impact, to support and train staff – and above all to maintain our good culture.

Structure, governance and management

a. Constitution

The Yorkshire Dales Millennium Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

Subsidiary Undertaking

The charity has a wholly owned subsidiary, YDMT Consultants Limited, Company No. 3302877. This Company was established to undertake activities which carry greater risks or are more commercial, such as fee based project management and consultancy work.

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YORKSHIRE DALES MILLENNIUM TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

The management of the group and the company is the responsibility of the Trustees who are elected and co opted under the terms of the Memorandum of Association.

The trustees are individuals with a wide range of interests, knowledge, backgrounds and opinions, united by a love of the Dales. Although many of them are active members of other organisations and interest groups, they are proud of the fact that Yorkshire Dales Millennium Trust remains a non political, non campaigning body.

Trustees have an ongoing recruitment process which was begun by reviewing the diversity, experience, knowledge and skills required to ensure that the Board continues to adequately reflect the needs of the beneficiaries of the charity, and to identify potential new trustees for this and future years. It is intended to revisit this issue again in the coming year with a view to further improving the diversity of the Board;

New trustees join by invitation of current trustees, following advertising or direct approaches as appropriate. Suggested candidates are invited for an interview by the Chair, other Board members and Chief Executive

c. Organisational structure and decision-making policies

The Trustees are ultimately responsible for the Trust’s activities. The Articles state that they are a body of not less than six individuals. The number of “local authority persons” appointed as Trustees shall not at any time exceed 20% of the total number. In December 2022, the size of the Board for 2023-24 was set at 10-15 by Trustees.

The Trustees set the broad strategy, areas of activity and methods of operation for the charity. They agree an annual budget and monitor progress against this. They consider recommendations from their sub committees regarding individual applications for grant support through the various programmes that YDMT manages, and agree on the scope and funding of projects which YDMT delivers directly. Trustees meet at regular intervals six times for full Board plus additional meetings during this financial year, all of them by video links.

A Finance Sub committee reporting to the full Board meets regularly to look in more detail at management accounts and to help prepare budgets. Other sub committees include a Health, Safety and Wellbeing Committee and a number of Grants Panels. Trustees also appoint time-limited Task & Finish groups to examine specific issues on their behalf.

Much of the Trust’s work is undertaken by a team of staff reporting to the Chief Executive. The Chief Executive is accountable to the Trustees for achieving the charity’s aims and for complying with organisational policies.

d. Policies adopted for the induction and training of Trustees

New trustees receive a pack of key documents relating to the charity and their responsibilities including relevant publications by the Charity Commission. They are invited to visit the office to meet staff and are introduced by the Chair to all trustees at the first meeting. They are actively encouraged to join one of the sub committees, to visit YDMT projects, to attend events and to meet supporters and partners.

New trustees are also actively encouraged to attend training events either in person or online.We also run further training events for all trustees on an ongoing basis, tailored to needs, and keep them informed of any courses that may be relevant.

We are fully committed to the further individual and collective development and training of the Board.

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YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management (continued)

e. Pay policy for key management personnel

A Remuneration Committee of Trustees considers and makes recommendations to the full Board on an annual basis as part of the budget setting. They review the salary of the Chief Executive and any proposals for acrossthe-board increases, taking into account organisational performance and inflation. Any changes between payscales for individual staff are dependent on changed roles or responsibilities. There are no increases based on individual performance, nor length of service.

Plans for future periods

Yorkshire Dales Millennium Trust’s purpose is to enable people to care for, enhance and appreciate the unique qualities of the Yorkshire Dales - its communities, habitats, wildlife and heritage. This special area inspires us to be ambitious and we have always prided ourselves on being a “doing” organisation that makes a practical difference and can be flexible, innovative and help to tackle challenges that others cannot.

In the Dales we have the potential to increase the scale and pace of nature conservation to combat the harmful effects of a changing climate. The lowest tree cover of any National Park, over a quarter of England’s flower-rich upland hay meadows and pastures, and four major rivers all starting in the Dales uplands present immense opportunities to restore the landscape and slow the flow of our rivers to reduce flooding.

The National Park is an invaluable natural asset in terms of biodiversity. Very little natural regeneration is occurring and the loss of a few small pockets of ancient semi-natural woodland or established meadows that exist across the area would result in a whole array of associated flora and fauna being lost for generations.

Unfortunately, many people are unable to access wild places close to where they live. Together with our partners we aim to tackle inequalities in access to the Yorkshire Dales, with a focus on our most underrepresented communities. We will create opportunities for young people to benefit from the Yorkshire Dales and get employment in the environment sector.

Our strategic review will look closely at our measures of success and our project’s Theories of Change to ensure they are relevant and that we are having a significant positive impact, tackling these major challenges for the People, Landscape and Wildlife of the Dales.

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YORKSHIRE DALES MILLENNIUM TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Auditors

The auditors, Armstrong Watson Audit Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

William Downs ~~.........................~~ Tom Pratt (Oct 16, 2024 15:15 GMT+1) ....................... ~~..............................~~ William Downs (Oct 16, 2024 15:46 GMT+1) .................. Thomas Pratt William Downs Chair of Trustees Trustee

Date: 16/10/2024

16/10/2024

Page 14

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF YORKSHIRE DALES MILLENNIUM TRUST

Opinion

We have audited the financial statements of Yorkshire Dales Millennium Trust (the 'parent charitable company') and its subsidiary (the 'group') for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of 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 statements:

Basis for opinion

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 Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 relating to going concern

In auditing the financial statements, we have concluded that the 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 Group's or the parent charitable company'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.

Page 15

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF YORKSHIRE DALES MILLENNIUM 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 report, 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 audit, 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 that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company 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 Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) 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 are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company'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 Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 16

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF YORKSHIRE DALES MILLENNIUM TRUST (CONTINUED)

Auditors' responsibilities for the audit of the financial 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non compliance with laws and regulations, was as follows:

• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the Group and parent charitable company through discussions with trustees, directors and other management and review of appropriate industry knowledge;

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and

• identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non compliance throughout the audit.

We assessed the susceptibility of the Group and the parent charitable company financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• making enquiries of management as to where they considered there was susceptibility 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 management bias and override of controls, we:

• performed analytical procedures as a risk assessment tool to identify any unusual or unexpected relationships;

• tested journal entries to identify unusual transactions;

• Assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 2 were indicative of potential bias.

In response to the risk of irregularities and non compliance with laws and regulations, we designed procedures which included, but were not limited to:

• agreeing financial statement disclosures to underlying supporting documentation; and

Page 17

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF YORKSHIRE DALES MILLENNIUM TRUST (CONTINUED)

Due to the 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 standards. For example, as with any audit, there remained a higher risk of non detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non compliance with laws and regulations and cannot be expected to detect all fraud and non compliance with laws and regulations.

Because of the inherent limitations of an audit, 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 is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' 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 charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Karen Rae FCCA (Senior Statutory Auditor)

Armstrong Watson Audit Limited

Chartered Accountants & Statutory Auditors Skipton

Date:

Page 18

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
9
Total expenditure
Net income/(expenditure)
Transfers between funds
20
Net movement in funds before other
recognised gains/(losses)
Other recognised gains/(losses):
Other gains/(losses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
1,456,660
12,239
39,268
34,559
1,542,726
307,556
1,143,424
1,450,980
91,746
(3,371)
88,375
28,495
116,870
1,445,860
116,870
1,562,730		 Restricted
funds
2024
£
351,642
185,992
-
-
537,634
-
471,970
471,970
65,664
3,371
69,035
-
69,035
194,968
69,035
264,003		 Total
funds
2024
£
1,808,302
198,231
39,268
34,559
2,080,360
307,556
1,615,394
1,922,950
157,410
-
157,410
28,495
185,905
1,640,828
185,905
1,826,733		 Total
funds
2023
£
1,381,122
283,086
82,792
11,090
1,758,090
321,615
1,505,289
1,826,904
(68,814)
-
(68,814)
(7,482)
(76,296)
1,717,124
(76,296)
1,640,828

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 25 to 60 form part of these financial statements.

Page 19

YORKSHIRE DALES MILLENNIUM TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: 03236813

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024

Note
Fixed assets
Tangible assets
14
Investments
15
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within one
year
18
Net current assets
Total assets less current liabilities
Total net assets		 15,693
220,756
1,296,811
1,533,260
(258,803)		 2024
£
2,213
550,063
552,276
1,274,457
1,826,733
1,826,733		 24,545
246,649
1,165,782
1,436,976
(298,166)		 2023
£
129
501,889
502,018
1,138,810
1,640,828
1,640,828

Page 20

YORKSHIRE DALES MILLENNIUM TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: 03236813

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024

Note
Charity funds
Restricted funds
20
Unrestricted funds
20
Total funds		 2024
£
264,003
1,562,730
1,826,733		 2023
£
194,968
1,445,860
1,640,828

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................
Thomas Pratt
Chair of Trustees
Date:
Tom Pratt (Oct 16, 2024 15:15 GMT+1)
16/10/2024		 ................................................
William Downs
Trustee
William Downs (Oct 16, 2024 15:46 GMT+1)
William Downs
16/10/2024

The notes on pages 25 to 60 form part of these financial statements.

Page 21

YORKSHIRE DALES MILLENNIUM TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: 03236813

COMPANY BALANCE SHEET AS AT 31 MARCH 2024

Note
Fixed assets
Tangible assets
14
Investments
15
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within one
year
18
Net current assets
Total assets less current liabilities
Total net assets		 15,693
238,216
1,269,182
1,523,091
(258,803)		 2024
£
2,213
570,063
572,276
1,264,288
1,836,564
1,836,564		 24,545
271,041
1,117,366
1,412,952
(296,487)		 2023
£
129
521,889
522,018
1,116,465
1,638,483
1,638,483

Page 22

YORKSHIRE DALES MILLENNIUM TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: 03236813

COMPANY BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024

Note
Charity funds
Restricted funds
20
Unrestricted funds
Designated funds
20
General funds
20
Total unrestricted funds
20
Total funds		 852,344
720,217		 2024
£
264,003
1,572,561
1,836,564		 638,080
805,435		 2023
£
194,968
1,443,515
1,638,483

The Company's net movement in funds for the year was £ 198,081 (2023 - £ 81,992 ) .

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

William Downs

~~................................~~ Tom Pratt (Oct 16, 2024 15:15 GMT+1) ................ ................................................ William Downs (Oct 16, 2024 15:46 GMT+1) Thomas Pratt William Downs Chair of Trustees Trustee

Date: 16/10/2024

16/10/2024

The notes on pages 25 to 60 form part of these financial statements.

Page 23

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests
Purchase of tangible fixed assets
Purchase of investments
Net cash used in investing activities
Cash flows from financing activities
Repayments of finance leases
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2024
£
147,245
34,559
(2,529)
(48,174)
(16,144)
(72)
(72)
131,029
1,165,782
1,296,811		 2023
£
(161,249)
11,090
-
(509,371)
(498,281)
(4,667)
(4,667)
(664,197)
1,829,979
1,165,782

The notes on pages 25 to 60 form part of these financial statements

Page 24

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Yorkshire Dales Millennium Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements.

1.2 Company status

The company is incorporated as a company limited by guarantee and not having share capital. There were 14 members at 31 March 2024, each of whom has undertaken to contribute, if required, a maximum sum of £1 in the event of the company being wound up.

1.3 Going concern

The Trust reported net surplus in the year of £185,905 and a net assets position of £1,826,733 at the year end date.

The Trustees have reviewed the budgets and cashflow requirements for the Group for a period beyond 12 months and believe given the current cash reserves available of around £1.3m will have sufficient current assets available to meet any liabilities as they fall due. The Trustees have a reasonable expectation that the charity has adequate resources and ongoing funded projects to continue in operational existence and on that basis deem that the Group and the Charity are a going concern.

Page 25

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting policies (continued)

1.4 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Capital grants received from public bodies relate to monies received to distribute to "small" schemes in the remote, rural areas of the Dales and other areas in which the Yorkshire Dales Millennium Trust is active. Such grants are only recognised once a specific commitment has been directly communicated to the Trustees.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

1.6 Taxation

The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 26

YORKSHIRE DALES MILLENNIUM TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting policies (continued)

1.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £2,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Motor vehicles - 4 years straight line
Other fixed assets - 2 years straight line

1.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated Statement of Financial Activities.

Investments in subsidiaries are valued at cost less provision for impairment.

1.9 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 27

YORKSHIRE DALES MILLENNIUM TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting policies (continued)

1.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company 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. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance cost.

1.13 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.14 Finance leases and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Group. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Consolidated Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.15 Operating leases

Rentals paid under operating leases are charged to the Consolidated Statement of Financial Activities on a straight line basis over the lease term.

1.16 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Page 28

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting policies (continued)

1.17 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 Group and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

3. Income from donations and legacies

Unrestricted
funds
2024
£
Donations
1,077,110
Legacies
379,550
Total 2024
1,456,660		 Restricted
funds
2024
£
351,642
-
351,642		 Total
funds
2024
£
1,428,752
379,550
1,808,302

Page 29

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

3. Income from donations and legacies (continued)

Donations
Legacies
Total 2023		 Unrestricted
funds
2023
£
1,037,243
116,353
1,153,596		 Restricted
funds
2023
£
222,526
5,000
227,526		 Total
funds
2023
£
1,259,769
121,353
1,381,122

The Trust benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

4. Income from charitable activities

Unrestricted
funds
2024
£
Charitable activities
12,239
Unrestricted
funds
2023
£
Charitable activities
2,679		 Restricted
funds
2024
£
185,992
Restricted
funds
2023
£
280,407		 Total
funds
2024
£
198,231
Total
funds
2023
£
283,086

Page 30

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

5. Income from other trading activities

Income from fundraising events

Unrestricted
funds
2024
£
Merchandise Sales
20,964
Unrestricted
funds
2023
£
Merchandise Sales
19,761
Income from non charitable trading activities
Unrestricted
funds
2024
£
Provision of business support
215
Income from trading subsidiary
18,089
Total 2024
18,304
Unrestricted
funds
2023
£
Provision of business support
7,541
Income from trading subsidiary
55,490
Total 2023
63,031		 Total
funds
2024
£
20,964
Total
funds
2023
£
19,761
Total
funds
2024
£
215
18,089
18,304
Total
funds
2023
£
7,541
55,490
63,031

Page 31

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6. Investment income

Unrestricted
funds
2024
£
Interest Received
14,880
Dividends Received on Investments
19,679
Total 2024
34,559
Unrestricted
funds
2023
£
Interest Received
1,719
Dividends Received on Investments
9,371
Total 2023
11,090		 Total
funds
2024
£
14,880
19,679
34,559
Total
funds
2023
£
1,719
9,371
11,090

Page 32

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
2024
£
Fundraising bank charges
4,306
Advertising
9,168
Events
2,812
Postage and subscriptions
22,411
Merchandising
6,957
Supporter Mailings
33,085
General Fundraising
8,605
People's Postcode Lottery
983
Legacy
978
Website
1,206
Corporate
975
Voluntary income - wages and salaries
180,013
Voluntary income - NI
17,369
Voluntary income - pension costs
15,893
304,761		 Total
funds
2024
£
4,306
9,168
2,812
22,411
6,957
33,085
8,605
983
978
1,206
975
180,013
17,369
15,893
304,761

Page 33

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Expenditure on raising funds (continued)

Costs of raising voluntary income (continued)

Fundraising bank charges
Advertising
Events
Postage and subscriptions
Merchandising
Supporter Mailings
General Fundraising
People's Postcode Lottery
Website
Corporate
Voluntary income staff costs
Voluntary income staff costs - NI
Voluntary income staff costs - Pension		 Unrestricted
funds
2023
£
4,212
7,956
1,699
18,423
31,567
28,852
4,568
2,650
5,547
3,730
179,951
17,769
14,691
321,615		 Total
funds
2023
£
4,212
7,956
1,699
18,423
31,567
28,852
4,568
2,650
5,547
3,730
179,951
17,769
14,691
321,615

Other trading expenses

Unrestricted
funds
2024
£
Cost of sales
160
Administration expenses
2,635
2,795		 Total
funds
2024
£
160
2,635
2,795		 Total
funds
2023
£
-
-
-

Page 34

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

8. Analysis of grants

Grants, Charitable activities
Grants, Charitable activities		 Grants to
Institutions
2024
£
304,579
Grants to
Institutions
2023
£
100,060		 Grants to
Individuals
2024
£
36,886
Grants to
Individuals
2023
£
33,584		 Total
funds
2024
£
341,465
Total
funds
2023
£
133,644
8.
Grants to institutions
Community Grants
Capital Grants Woodlands
Our Common Cause
Green Futures (YEAF)
Heart of the Pennines
Other Project Costs
Stories in Stone
Together For Trees
Tees Swale
Capital Grants YDMT Heritage
Westmorland Dales Hidden Landscape
YDMT Grants Landscape
YDMT Grants Wildlife
YDMT Grants - People
YDMT Awards - Award		 2024
£
-
99,382
-
-
-
-
-
3,838
10,000
1,352
-
10,665
4,750
70,592
104,000
304,579		 2023
£
16,692
4,809
10,000
2,833
8,000
-
2,957
-
10,000
19,769
25,000
-
-
-
-
100,060

Page 35

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

8. Grants to individuals

Capital Grants Woodlands
YDMT Grants Landscape
YDMT Grants - People
Capital Grants YDMT Heritage		 2024
£
30,798
3,788
2,300
-
36,886		 2023
£
31,970
-
-
1,614
33,584

Page 36

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

9. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2024
£
Charitable activities
1,143,424
Unrestricted
funds
2023
£
Charitable activities
823,505		 Restricted
funds
2024
£
471,970
Restricted
funds
2023
£
681,784		 Total
2024
£
1,615,394
Total
2023
£
1,505,289

10. Analysis of expenditure by activities

Charitable activities
Charitable activities		 Activities
undertaken
directly
2024
£
1,106,951
Activities
undertaken
directly
2023
£
1,227,911		 Grant
funding of
activities
2024
£
341,465
Grant
funding of
activities
2023
£
133,644		 Support
costs
2024
£
166,978
Support
costs
2023
£
143,734		 Total
funds
2024
£
1,615,394
Total
funds
2023
£
1,505,289

Page 37

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
IT equipment, licences and maintenance
Rent and rates
Legal and professional fees
Insurance
General office costs
Auditors remuneration
Trustee meetings
Support costs allocated to projects
Staff Training
Total 2024
Staff costs
Depreciation
IT equipment, licences and maintenance
Rent and rates
Legal and professional fees
Insurance
General office costs
Auditors remuneration
Trustee meetings
Support costs allocated to projects
Total 2023		 Support
costs
2024
£
23,232
445
41,484
14,773
26
10,111
44,674
20,700
3,632
(3,646)
11,547
166,978
Support
costs
2023
£
22,741
3,028
33,389
14,235
3,386
8,569
44,257
17,028
3,997
(6,896)
143,734		 Total
funds
2024
£
23,232
445
41,484
14,773
26
10,111
44,674
20,700
3,632
(3,646)
11,547
166,978
Total
funds
2023
£
22,741
3,028
33,389
14,235
3,386
8,569
44,257
17,028
3,997
(6,896)
143,734

Page 38

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

11. Auditors' remuneration

2024 2023
£ £
Fees payable to the Company's auditor for the audit of the Company's
annual accounts 15,450 12,000
Fees payable to the Company's auditor in respect of:
All non-audit services not included above 5,250 5,028

12. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes
Total costs		 Group
2024
£
918,937
88,950
81,195
1,089,082		 Group
2023
£
924,144
86,417
78,334
1,088,895		 Company
2024
£
918,937
88,950
81,195
1,089,082		 Company
2023
£
924,144
86,417
78,334
1,088,895

The average number of persons employed by the Company during the year was as follows:

Group
Group
2024
2023
No.
No.
Trust Staff
32
33
The average headcount expressed as full-time equivalents was:
Group
Group
2024
2023
No.
No.
Trust Staff
28
28		 Company
2024
No.
32
Company
2024
No.
28		 Company
2023
No.
33
Company
2023
No.
28

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2024 2023
No. No.
In the band £60,001 - £70,000 1 1

Key management personnel comprise the Trustees and the Chief Executive Officer. The total remuneration of key management personnel was £76,243 (2023 - £71,564). This was inclusive of pension costs and benefits in kind.

Page 39

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 March 2024, expenses totaling £ 377 were reimbursed or paid directly to 5 Trustees (2023 - £400 to 4 Trustees) .

14. Tangible fixed assets

Group and Company

Cost or valuation
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Motor
vehicles
£
41,870
-
41,870
41,870
-
41,870
-
-		 Other fixed
assets
£
10,463
2,529
12,992
10,334
445
10,779
2,213
129		 Total
£
52,333
2,529
54,862
52,204
445
52,649
2,213
129

Page 40

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

15. Fixed asset investments

Group
Cost or valuation
At 1 April 2023
Additions
Revaluations
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Listed
investments
£
501,889
19,679
28,495
550,063
550,063
501,889

At the year end date the market value of the investments was £550,063.

Company
Cost or valuation
At 1 April 2023
Additions
Revaluations
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Investments
in
subsidiary
companies
£
20,000
-
-
20,000
20,000
20,000		 Listed
investments
£
501,889
19,679
28,495
550,063
550,063
501,889		 Total
£
521,889
19,679
28,495
570,063
570,063
521,889

Page 41

YORKSHIRE DALES MILLENNIUM TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

15. Fixed asset investments (continued)

Principal subsidiaries

The following was a subsidiary undertaking of the Company:

Name Company Registered office or Class of Holding Included in
number principal place of shares consolidation
business
YDMT Consultants Limited 03302877 Old Post Office, Main Ordinary 100% Yes
Street, Clapham,
Lancaster, North
Yorkshire LA2 8DP

The financial results of the subsidiary for the year were:

Name
Income
£
Expenditure
£
Profit/(Loss)
/ Surplus/
(Deficit) for
the year
£
YDMT Consultants Limited
18,089
27,918
(9,829)
16.
Stocks
Group
Group
Company
2024
2023
2024
£
£
£
Finished goods and goods for resale
15,693
24,545
15,693
17.
Debtors
Group
Group
Company
2024
2023
2024
£
£
£
Due within one year
Trade debtors
1,100
-
-
Other debtors
184,667
117,886
210,088
Prepayments and accrued income
34,989
128,763
28,128
220,756
246,649
238,216		 Net assets
£
10,171
Company
2023
£
24,545
Company
2023
£
-
183,328
87,713
271,041

Page 42

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

18. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Obligations under finance lease and hire
purchase contracts
Other creditors
Accruals and deferred income		 Group
2024
£
-
-
-
95,992
162,811
258,803		 Group
2023
£
540
35,324
72
48,942
213,288
298,166		 Company
2024
£
-
-
-
95,992
162,811
258,803		 Company
2023
£
-
35,324
72
47,804
213,287
296,487

Deferred income relates to income received in advance in respect of projects.

Included within amounts falling due in less than one year are net obligations under hire purchase contracts totaling £Nil (2023 - £72) that are secured against certain assets of the company.

19. Financial instruments

Group Group Company Company
2024 2023 2024 2023
£ £ £ £
Financial assets
Financial assets measured at amortised cost 1,296,811 1,165,782 1,269,182 1,117,366

Financial assets measured at amortised cost comprise cash at bank.

Page 43

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

20. Statement of funds

Statement of funds - current year

Unrestricted
funds
Designated
funds
Green Futures
YDMT
Apprentices
Tees Swale
Three Counties
Woodland
Grants Fund
HotP Forest
Woodlands
Delivery
Meadows &
Pollinators
Deeper
Connections
Long Preston
Floodplain
Cyclescheme
Craven Mental
Health
YDMT Grants
Greening The
Trust
Strategic Grants		 Balance at 1
April 2023
£
80,000
50,000
20,000
5,000
16,687
15,000
87,000
40,000
13,454
266
9,667
1,006
300,000
-
-
638,080		 Income
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Expenditure
£
(74,165)
(14,688)
(10,000)
-
(10,312)
-
-
-
(10,798)
(97)
(445)
-
(204,204)
-
-
(324,709)		 Transfers
in/out
£
64,000
-
-
(3,371)
-
-
(50,000)
(40,000)
(2,656)
-
-
-
381,000
40,000
150,000
538,973		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2024
£
69,835
35,312
10,000
1,629
6,375
15,000
37,000
-
-
169
9,222
1,006
476,796
40,000
150,000
852,344

Page 44

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

20. Statement of funds (continued)

General funds
General Funds
YDMT
Consultancy
Limited
Total
Unrestricted
funds
Restricted
funds
People and the
Dales
Green Futures
Non BLF
Dales Trainees
NCS
Three Counties -
Non NLHF
Stories in Stone
HLF
Haytime Appeal
FIPL Dales
EOCA Meadows
Bowland FIPL
Bowland
Haytime
Deeper
Connections
NHMF
NE Facilitation
Fund
YDNPA Three
Peaks		 Balance at 1
April 2023
£
807,780
-
807,780
1,445,860
Balance at 1
April 2023
£
324
20,500
-
-
14,739
16,415
6,278
-
-
480
2,297
(23,751)
-
980		 Income
£
1,524,637
18,089
1,542,726
1,542,726
Income
£
1,775
30,680
57,445
41,785
-
-
156,864
25,142
12,868
34,647
-
24,470
6,126
-		 Expenditure
£
(1,098,353)
(27,918)
(1,126,271)
(1,450,980)
Expenditure
£
(2,099)
(51,180)
(57,445)
(41,785)
(13,485)
(564)
(41,321)
(25,142)
(12,447)
(35,127)
(1,101)
(719)
(6,126)
(980)		 Transfers
in/out
£
(542,344)
-
(542,344)
(3,371)
Transfers
in/out
£
-
-
-
-
3,371
-
-
-
-
-
-
-
-
-		 Gains/
(Losses)
£
28,495
-
28,495
28,495
Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2024
£
720,215
(9,829)
710,386
1,562,730
Balance at
31 March
2024
£
-
-
-
-
4,625
15,851
121,821
-
421
-
1,196
-
-
-

Page 45

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

20. Statement of funds (continued)

Statement of funds - current year (continued)

YDNPA General
Heritage Grants
Restricted
James Herriot
Memorial Fund
Woodland/Wildlif
e Funds
Analysed further
below
Total of funds		 Balance at 1
April 2023
£
89
6,107
44,326
106,184
194,968
1,640,828		 Income
£
50
-
20,000
125,782
537,634
2,080,360		 Expenditure
£
(139)
(832)
(16,808)
(164,670)
(471,970)
(1,922,950)		 Transfers
in/out
£
-
-
-
-
3,371
-		 Gains/
(Losses)
£
-
-
-
-
-
28,495		 Balance at
31 March
2024
£
-
5,275
47,518
67,296
264,003
1,826,733

Page 46

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

20. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Designated
funds
Long Preston
Floodplain
Woodland
Grants Fund
Stories in Stone
Green Futures
Roger Stott
Community
Grants Fund
Westmorland
Dales Hidden
Landscapes
Magnificent
Meadows
Our Common
Cause
Three Counties
Cyclescheme
Craven Mental
Health
Woodlands
Delivery
Apprentices
2020 - 22
Tees Swale
YDMT Grants
HotP Forest
Deeper
Connections
YEAF grants		 Balance at
1 April 2022
£
266
137,530
28,317
8,490
51,928
25,000
47,533
10,000
-
12,695
1,006
-
17,412
30,000
10,000
15,000
26,000
10,000
431,177		 Income
£
91
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
91		 Expenditure
£
(91)
(11,757)
-
(8,490)
(16,692)
(25,000)
(18,312)
(10,000)
-
(3,028)
-
-
(17,412)
(10,000)
(6,388)
-
(12,546)
(2,833)
(142,549)		 Transfers
in/out
£
-
(109,086)
(28,317)
80,000
(35,236)
-
10,779
-
5,000
-
-
87,000
50,000
-
296,388
-
-
(7,167)
349,361		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2023
£
266
16,687
-
80,000
-
-
40,000
-
5,000
9,667
1,006
87,000
50,000
20,000
300,000
15,000
13,454
-
638,080

Page 47

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

20. Statement of funds (continued)

General funds
General Funds
Total
Unrestricted
funds		 Balance at
1 April 2022
£
917,128
1,348,305		 Income
£
1,250,066
1,250,157		 Expenditure
£
(1,002,571)
(1,145,120)		 Transfers
in/out
£
(349,361)
-		 Gains/
(Losses)
£
(7,482)
(7,482)		 Balance at
31 March
2023
£
807,780
1,445,860

Page 48

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

20. Statement of funds (continued)

Restricted
funds
Woodland
YDMT
Meadow makers
Dales Trainees
YDNPA 17-18
TFT Non NHMF
Hanson
Aggregates
Stories in Stone
Green Futures
Dales Trainees
Deeper
Connections
ECT Green
Mentor
Bee together
United Bank of
Carbon
Woodland
YDNPA Three
Peaks
People and the
Dales
Discoveries on
your doorstep
All Our Land
The Rank
Foundation
Heritage grants
Other restricted
funds (see
analysis below)
Total of funds		 Balance at
1 April 2022
£
13,313
-
1,495
7,827
80,459
8,773
40,725
15,352
12,325
53,542
14,663
21,539
1,677
200
9,871
-
23,515
13,299
25,000
25,244
368,819
1,717,124		 Income
£
15,442
14,401
-
59,000
25,076
-
-
63,720
10,000
97,880
6,588
30
-
1,000
14,442
4,206
1,000
500
10
194,638
507,933
1,758,090		 Expenditure
£
(28,319)
(14,401)
-
(9,880)
(69,622)
(8,773)
(4,310)
(58,572)
(22,325)
(175,173)
(21,251)
(21,569)
(147)
(220)
(43,989)
(4,206)
(24,515)
(13,799)
(18,903)
(141,810)
(681,784)
(1,826,904)		 Transfers
in/out
£
-
-
-
(4,527)
-
-
(20,000)
-
-
-
-
-
-
-
20,000
-
-
-
-
4,527
-
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(7,482)		 Balance at
31 March
2023
£
436
-
1,495
52,420
35,913
-
16,415
20,500
-
(23,751)
-
-
1,530
980
324
-
-
-
6,107
82,599
194,968
1,640,828

Page 49

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

20. Other restricted funds Woodland/ Wildlife

Balance at 1
April 2023
Income
Expenditure Transfers
Balance at
31 March
2024		 Balance at 1
April 2023
Income
Expenditure Transfers
Balance at
31 March
2024		 Balance at 1
April 2023
Income
Expenditure Transfers
Balance at
31 March
2024		 Balance at 1
April 2023
Income
Expenditure Transfers
Balance at
31 March
2024		 Balance at 1
April 2023
Income
Expenditure Transfers
Balance at
31 March
2024		 Balance at 1
April 2023
Income
Expenditure Transfers
Balance at
31 March
2024
£ £ £ £ £
Woodland YDMT 436 210 (646) - -
YDNPA 17-18 1,495 - - - 1,495
United Bank of Carbon
Woodland		 1,530 - - - 1,530
YDNPA 2ha Woodlands
Support		 3,920 - (260) - 3,660
TFT Non NHMF 35,913 30,105 (64,137) - 1,881
YDNPA Landscape Trees 8,270 - (3,587) - 4,678
Landscape Trees 87 - - - 87
Heart of the Pennines (35) 53,821 (53,835) - (48)
HotP Forest non NHMF 2,130 13,145 - - 15,275
Plastic Free Woodlands 18 - (18) - -
FC Plastics 52,420 - (37,747) - 14,673
YDNPA SDF - - (2,253) - (2,253)
Woodland Management - 19,000 - - 19,000
YDNPA Community Woodlands - 9,500 (2,188) - 7,312
Total 2024 106,184 125,781 (164,671) - 67,290

Page 50

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

20. Other restricted funds (continued)

Balance at 1
April 2022		 **Income ** Expenditure Transfers Balance at
31 March
2023
£ £ £ £ £
YDNPA General 250 99 (260) - 89
EOCA Plastic Free Woodlands - 3,402 (7,911) 4,527 18
Long Preston Floodplain
Project		 - 4,500 (4,500) - -
Bowland FIPL - 30,682 (30,202) - 480
Landscape Trees 1,000 - (913) - 87
Bowland Haytime - 15,000 (12,703) - 2,297
NLCF - Dale Climate
Champions		 9,994 - (9,994) - -
Heart of the Pennines - 35,338 (35,373) - (35)
YDNPA 2ha Woodlands
Support		 5,000 - (1,080) - 3,920
Deeper Connections Non
NHMF		 - 3,866 (3,866) - -
James Herriot Memorial Fund - 50,000 (5,674) - 44,326
HotP Forest non NHMF - 10,130 (8,000) - 2,130
Three Counties-Non NLHF - 15,000 (261) - 14,739
Haytime appeal - 26,621 (20,343) - 6,278
YDNPA Landscape Trees 9,000 - (730) - 8,270
Total 2023
25,244
194,638
(141,810)
4,527
82,599

Page 51

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

21. Summary of funds

Summary of funds - current year

Designated
funds
General funds
Restricted funds		 Balance at 1
April 2023
£
638,080
807,780
194,968
1,640,828		 Income
£
-
1,542,726
537,634
2,080,360
Income
£
91
1,250,066
507,933
1,758,090		 Expenditure
£
(324,709)
(1,126,271)
(471,970)
(1,922,950)
Expenditure
£
(142,549)
(1,002,571)
(681,784)
(1,826,904)		 Transfers
in/out
£
538,973
(542,344)
3,371
-
Transfers
in/out
£
349,361
(349,361)
-
-		 Gains/
(Losses)
£
-
28,495
-
28,495
Gains/
(Losses)
£
-
(7,482)
-
(7,482)		 Balance at
31 March
2024
£
852,344
710,386
264,003
1,826,733
Balance at
31 March
2023
£
638,080
807,780
194,968
Summary of funds - prior year
Designated
funds
General funds
Restricted funds		 Balance at
1 April 2022
£
431,177
917,128
368,819
1,717,124
1,640,828

Page 52

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

21. Summary of funds (continued)

Restricted Funds

Haytime Appeal

Restricted donation from Forest of Bowland AONB towards Beewalk Research, Marshall Charitable Trust (via Sir George Martin Trust), The Big Give, Bannister Charitable Trust, Swire Charitable Trust & The James Gibson Charitable Trust and from corporate and individual donations received towards the Hay Time project, the aims of which are to conserve and restore meadows in the Dales and Forest of Bowland.

People and the Dales

Donations including from Souter Charitable Trust, and corporate and individual restricted donations to enable continuation of YDMT’s People and the Dales project, a nationally recognised community outreach project that works with disadvantaged groups that have little or no experience of the countryside.

Long Preston Floodplain Project

Grant from Natural England to support Moss Peat Survey at Wigglesworth Hall helping to create a mosaic of wetland habitats on the floodplain that support nature and farming.

Dales Trainees

Restricted donations from Jack Brunton Trust, The Fernhurst Trust, Swire Charitable Trust, Liz & Terry Bramall Trust, Chadwick Charitable Trust, Normanby Charitable Trust & The James Gibson and corporate's to support delivery of Apprenticeship and Trainee projects.

Stories in Stone HLF

A grant from the National Lottery Heritage Fund (formerly the Heritage Lottery Fund) through their Landscape Partnership Programme. Monies will support the five year Stories in Stone programme which aims to connect and coordinate the plans and actions of a range of public, private and community bodies to conserve, enhance and celebrate the unique historical and natural elements of the Ingleborough Dales’ landscape. Through improved access and new learning opportunities, it will enable and inspire a wider range of people to discover, enjoy and contribute to this landscape.

Green Futures - Non BLF

Restricted donations from St James Place Charitable Foundation, Nineveh Trust, George A Moore Foundation, The Gosling Foundation, David Brook Charity,CLA Charitable Trust, Swire Charitable Trust, corporate and individuals to support Woodland Wellbeing, Green Guardians and the Green Futures project.

Bowland Haytime

Contribution from Forest of Bowland AONB via Lancashire County Council towards capital expenditure of the project.

NE Facilitation Fund

Grant from Natural England via Rural Payments Agency to fund Ribblesdale Farmers Group, an initiative that brings together farmers and other stakeholders in the Upper Ribblesdale catchment area to work together and share best practice on natural flood management, nature conservation and farm profitability.

Hanson Aggregates

Contribution from Hanson Aggregates for a conservation/community project in the Ingleton area (allocated to the Ingleton Riverside Project).

YDNPA 17-18

Monies received from Yorkshire Dales National Park Authority as a contribution to specific and named woodland creation projects.

Page 53

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

21. Summary of funds (continued)

Bee Together - HLF

A grant from Heritage Lottery Fund (similarly changed its name to National Lottery Heritage Fund since grant awarded but this is name on grant offer), an initiative to enable communities between Lancaster and Leeds to help halt and reverse the decline of pollinators, with a focus on wild bees.

Woodland YDMT

Donations from Marshall Charitable Trust (via Sir George Martin Trust), corporate's and individuals to support YDMT’s woodland grants programme.

United Bank of Carbon Woodland

Donation from United Bank of Carbon to support YDMT’s woodland grants programme.

Bee Together - Non HLF

Donation from Wharfedale Naturalists Society, Yorkshire Water Services Ltd, corporate's and individual donations to support Bee Together project.

Discoveries on Your Doorstep

Contribution from NYCC Public Health to support the role of Discoveries on your Doorstep project officer. A project designed to increase physical activity, wellbeing and access to nature in North Yorkshire communities, focused on Ripon, Scarborough and Selby.

The Rank Foundation

Grants from The Rank Foundation to support the development of our leadership team, and placement on the Time to Shine Leadership programme. Bursary to support ongoing evaluation & monitoring.

EOCA Plastic Free Woodlands Renamed Plastic Free Woodlands in 2023

Grant awarded from European Outdoor Conservation Association (EOCA), to support Plastic Free Woodlands project. Project will help to source a more sustainable alternative to plastic for establishing woodlands in the future, as well as removing and recycling plastic tubes currently prevalent in our woodlands. Work has continued post grant from EOCA supported by donations from individuals.

ECT Green Mentor

Grant awarded by Ernest Cook Trust towards Green Mentor cost as part of The Green Influencers Scheme, supporting environmental youth social action.

TFT Non NHMF

Restricted donations from The Big Give Trust, Garfield Weston Foundation,The James Gibson Trust, corporate's and individuals to support the Together for Trees programme.

Meadow Makers

Grant awarded from Plantlife (using National Lottery Heritage Fund monies) to support meadow restoration, training and community engagement work.

Meadow Makers Match

Restricted donation from Lancashire County Council to support the Meadow Makers project.

YDNPA Three Peaks

Donations received from individuals to support the continuing maintenance of the Three Peaks paths.

YDNPA General

Donations received from individuals to support specific projects delivered by the Yorkshire Dales National Park Authority.

Deeper Connections NHMF

Grant awarded from National Heritage Memorial Fund towards the Deeper Connections Project to restore habitat on the Long Preston floodplain and connect more people with this landscape.

Page 54

YORKSHIRE DALES MILLENNIUM TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

21. Summary of funds (continued)

Deeper Connections Non NHMF

Grant from Sir George Martin Trust to support the Deeper Connections Project.

YDNPA SDF

Grant awarded by Yorkshire Dales National Park Authority Sustainable Development Fund to support delivery of the Hearts of the Pennines Forest project.

YDNPA Landscape Trees

Grant from Yorkshire Dales National Park Authority to support planting of 90 Field Trees.

Heritage Grants Restricted

Donation from Dr R. Page to support the restoration of heritage feature in the Dales.

All Our Land

Contributions from Yorkshire Wildlife Trust and Natural England towards delivery of our All Our Land project, a youth environmental project.

Landscape Trees

Restricted donation from Michael West to support the planting of landscape trees.

NLCF - Dales Climate Champions

Grant from National Lottery Community Fund to support a project to develop a network of trained community champions in Yorkshire Dales communities.

FC Plastics

Grant from Forestry Commission to develop the newly created Forest Plastics Working Group, through improved communications and guidance and rollout of national recycling hubs.

YDNPA 2ha Woodlands Support

Grant from Yorkshire Dales National Park Authority to provide staff time, training and upskilling for delivering Forestry Commission England Woodland Creation Offer schemes below 2 hectares.

Bowland FIPL

Grant from the Forest of Bowland AONB to support meadow restoration work.

Heart of the Pennines

Grant from DEFRA Call to Action for Trees Fund via National Lottery to support the creation of community tree nurseries and to employ four Woodland Trainees.

James Herriot Memorial Fund

Donations from Dr Rosie Page to deliver YDMT projects in the North of the Yorkshire Dales National Park.

HotP Forest non NHMF

Donations from The Big Give Seed to Sapling Campaign, Wharfedale Naturalist Society, The Big Give, The Farrer Family Trust and corporate's and individuals to support the Heart of the Pennines project match funding.

Three Counties - Non NLHF

Contributions from Yorkshire Dales National Park Authority, Sustrans and Forest of Bowland AONB via Lancashire County Council to support the development of the Three Counties Lune Valley Scheme.

EOCA Meadows

Funding awarded from EOCA (European Outdoor Conservation Association) to support meadow restoration, surveying meadows, training and community engagement work.

Page 55

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

21. Summary of funds (continued)

FIPL Dales

Funding awarded through Farming in Protected Landscapes (Defra, administered by Yorkshire Dales National Park Authority) for meadow restoration.

NCS

Supporting 16/17 years old to access nature through our Green Futures work in partnership with YDNPA.

Woodland Management

For the Restoring our Woodlands for Nature project funded by the Peter Sowerby Foundation grant of £95,000 over three years.

YDNPA Community Woodlands

Contribution to creating community woodlands, including Mearbeck wood, and all associated costs.

Designated Funds

Long Preston Floodplain Designated

Proceeds from sale of 'Birds of the Long Preston Area’ book – the purpose of these designated funds is to support the development and maintenance of visitor facilities on the Long Preston Floodplain.

Woodland Grants Fund

The purpose of these designated funds is to support our woodland grants programme and administration and to award grants to woodland creation and management projects.

Stories in Stone Designated

The purpose of these designated funds is to provide the match funding from YDMT for the five year Stories in Stone project.

Roger Stott Community Grant

The purpose of these designated funds are to award grants that support small, mostly rural voluntary and community groups or organisations (grassroots groups). This will enable grassroots groups to continue or expand their work providing advocacy, a community voice and / or service provision for local people.

Green Futures Designated

The purpose of these designated funds is to support delivery of the Green Futures project.

Westmorland Dales Hidden Landscapes

The purpose of these designated funds is to provide match funding towards the Westmorland Dales Landscape Partnership project led by Friends of the Lake District.

Magnificent Meadows Renamed Meadows & Pollinators 2023

The purpose of these designated funds is to provide match funding towards a UK wide partnership project led by Plantlife to deliver a Hay Time project. Balance March 2023 represents the ongoing commitment to continue to continue our meadow and pollinator work.

Our Common Cause

This three-year project is operating in four upland regions of England. The purpose of these designated funds is to provide match funding to support the work in the Yorkshire Dales.

Cyclescheme

The purpose of these designated funds is to purchase cycles to be leased to staff under the Cycle to Work Scheme.

Craven Mental Health

The purpose of these designated funds is to support mental health and wellbeing in the Craven area.

Page 56

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

21. Summary of funds (continued)

YDMT Apprentices

The purpose of these designated funds is to deliver an apprenticeship scheme.

Tees Swale

The purpose of these designated funds is to provide match funding to support Tees-Swale: Naturally Connected, a major nature recovery initiative led by the North Pennines AONB Partnership and YDNPA that aims to restore, expand and connect habitats across the uplands of Teesdale and Swaledale, enhancing wildlife and delivering multiple public benefits.

YDMT Grants

The purpose of these designated funds is to award grants to support the People, Landscape and Wildlife of the Dales and surrounding areas.

YEAF Grants

The purpose of these designated funds is to award grants to enable young people to set up and deliver projects that will raises environmental awareness or improve the natural environment in the Yorkshire Dales and surrounding areas.

Deeper Connections

The purpose of these designated funds is to provide match funding to the Deeper Connections Project.

HotP Forest

The purpose of these designated funds is to provide match funding to the Heart of the Pennines Project.

Three Counties

The purpose of these designated funds is to provide match funding to the development and delivery of the Three Counties Lune Valley Scheme.

Woodlands Delivery

The purpose of these designated funds is to support delivery of our woodlands work.

Greening the Trust

The purpose of these funds is to improve the sustainablity of the operations of the Trust.

Strategic Grants

The purpose of these designated funds is to suuport key partners to deliver large scale projects in line with our objectives.

22. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Tangible fixed assets
2,213
Fixed asset investments
550,063
Current assets
1,269,257
Creditors due within one year
(258,803)
Total
1,562,730		 Restricted
funds
2024
£
-
-
264,003
-
264,003		 Total
funds
2024
£
2,213
550,063
1,533,260
(258,803)
1,826,733

Page 57

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

22. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
129
501,889
1,205,025
(261,183)
1,445,860		 Restricted
funds
2023
£
-
-
231,951
(36,983)
194,968		 Total
funds
2023
£
129
501,889
1,436,976
(298,166)
1,640,828
23.
Reconciliation of net movement in funds to net cash flow from operating activities
Group
2024
£
Net income/expenditure for the period (as per Statement of Financial
Activities)
157,410
Adjustments for:
Depreciation charges
445
Gains on investments
28,495
Dividends, interests and gains from investments
(34,559)
(Increase)/decrease in stocks
8,852
Decrease/(increase) in debtors
25,057
Decrease in creditors
(38,319)
Net cash provided by/(used in) operating activities
147,381
24.
Analysis of cash and cash equivalents
Group
2024
£
Cash in hand
1,296,811
Total cash and cash equivalents
1,296,811		 Group
2023
£
(68,814)
3,028
-
(11,090)
18,444
(63,779)
(39,036)
(161,247)
Group
2023
£
1,165,782
1,165,782

Page 58

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

25. Analysis of changes in net debt

Cash at bank and in hand
Finance leases		 At 1 April
2023
£
1,165,782
(72)
1,165,710		 Cash flows
£
131,029
72
131,101		 At 31 March
2024
£
1,296,811
-
1,296,811

26. Pension commitments

Individual employees have their own defined contribution pension scheme arrangements. The assets of these schemes are held separately from those of the charitable company in independently administered funds. YDMT auto-enrolled on 1 February 2016 to a 'Workplace Pension Scheme'. The pension cost charge represents contributions payable by the group to the fund and amounted to £81,195 (2023 - £78,334). Contributions totaling £7,785 (2023 - £7,347) were payable to the fund at the balance sheet date and are included in creditors.

27. Operating lease commitments

At 31 March 2024 the Group and the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 Group
2024
£
9,786
4,965
14,751		 Group
2023
£
5,964
-
5,964		 Company
2024
£
9,786
4,965
14,751		 Company
2023
£
5,964
-
5,964

Page 59

YORKSHIRE DALES MILLENNIUM TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

28. Related party transactions

The parent company in the group, has recharged wages and salary costs of £20,123 (2023: £38,572) and raised sales invoices to the subsidiary for £25,416 (2023: £43,832) during the current accounting period and is owed £25,416 (2023: £65,441) at the year end date.

Yorkshire Dales Millennium Trust received grants of £NIL (2023 - £5,000) and payments towards operational costs of £NIL (2023 - £1,194) from Yorkshire Dales National Park Authority. Yorkshire Dales National Park Authority benefited from grants totaling £NIL (2023 - £44,680) from Yorkshire Dales Millennium Trust. At the year end date £16,461 (2023 - £Nil) was owed to Yorkshire Dales National Park Authority.

Yorkshire Dales Millennium Trust made contributions of £17,964 (2023 - £13,937) to Cumbria Wildlife Trust. At the year end date £7,464 (2023 - £7,287) was owed to Cumbria Wildlife Trust.

During the year grants of £43,828 (2023 - £90,896) were paid to the Ribble Rivers Trust and £NIL (2023 - £550) on behalf of Ribble Rivers Conservation Trust Limited. E Brown, Trustee, is an employee of the Ribble Rivers Trust and Ribble Rivers Conservation Trust Limited. YDMT Consultants Ltd received £1100 in respect of contract income from Ribble Rivers Trust. Jack Spees is CEO of Ribble Rivers Trust and also a director of YDMT Consultants Ltd.

Neesie benefited from grants totaling £9,590. Noreeen Khan is a Trustee of Yorkshire Dales Millennium Trust and Director of Neesie.

Swinton Estate received payments towards operational costs of £2,100. Mark Cunliffe-Lister is a Trustee of Yorkshire Dales Millennium Trust and owner of Swinton Estate.

Craven Community Land Trust benefited from grants totaling £4,000. Rima Berry is an Associate Board Member of Craven Community Land Trust Ltd and an employee of Yorkshire Dales Millennium Trust.

C Lis is a Trustee of Yorkshire Dales Millennium Trust and Councillor of Craven District Council and Ingleton Parish Council. and board member of Yorkshire Dales National Park Authority.

D Sharrod, the Chief Executive of this company, is the Chair and also a director of Cumbria Wildlife Trust.

Page 60

Yorkshire Dales Millennium Trust - Final Accounts 2024

Final Audit Report

2024-10-16

Created: 2024-10-16 By: SOPHIE BALDERSON (sophie.balderson@ydmt.org) Status: Signed Transaction ID: CBJCHBCAABAAcqrZtkMKumzLRIOJ6uDb5fvuUszyJ4HU

"Yorkshire Dales Millennium Trust - Final Accounts 2024" Histor

y

2024-10-16 - 1:53:24 PM GMT

2024-10-16 - 1:53:30 PM GMT

2024-10-16 - 1:54:08 PM GMT

Signature Date: 2024-10-16 - 2:15:37 PM GMT - Time Source: server

2024-10-16 - 2:15:39 PM GMT

Agreement completed.

2024-10-16 - 2:46:57 PM GMT