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← The York Foundation For Conservation And Craftsmanship

2025-02-28-accounts

Charity Number: 1075135

THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

UNAUDITED TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

Contents page

Members of the board and professional advisors 1
Trustees' report 2
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9

THE YORK FOUNDATION FOR CONSERVATION AND CRAFTMANSHIP

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 28 FEBRUARY 2025

Trustees

C Schaefer, Chair from 2 July 2024 (appointed 2 July 2024) M Stancliffe, Chair until 2 July 2024 (deceased 25 January 2025) S Brown (resigned 2 July 2024) J Bryant G Chitty F Downing (appointed 2 July 2024) J Grierson B Griffiths (appointed 2 July 2024) K Harrison (appointed 2 July 2024) A Holton C Milner (resigned 6 December 2024) D Marks (resigned 15 September 2024) D Treece A Schmisseur (appointed 1 April 2025)

Charity registered number 1075135 Principal office Merchant Adventurers Hall Fossgate, York, YO1 9XD Bankers Virgin Money 46 Coney St, York YO1 9NQ

Investment adviser Quilter Cheviot Senator House, 85 Queen Victoria Street, London, EC4V 4AB

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

TRUSTEES’ REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025

The Trustees present their annual report together with the unaudited financial statements of the Foundation for the year ended 28 February 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published in October 2019.

THE TRUSTEES

The trustees who served the Foundation during the period were as follows:

C Schaefer, Chair from 2 July 2024 (appointed 2 July 2024) M Stancliffe, Chair until 2 July 2024 (deceased 25 January 2025) S Brown (resigned 2 July 2024)

J Bryant G Chitty F Downing (appointed 2 July 2024) J Grierson B Griffiths (appointed 2 July 2024) K Harrison (appointed 2 July 2024) A Holton C Milner (resigned 6 December 2024) D Marks (resigned 15 September 2024) D Treece

In January 2025, our previous Chair for many years, Martin Stancliffe, sadly passed away. He was a key member of the Foundation for many years and his significant contributions will be greatly missed.

Structure, governance and management

a. Constitution

The York Foundation for Conservation and Craftsmanship was registered as a charity in 1998. The charity is governed by a Declaration of Trust dated 3 December 1998.

The Foundation continues to review and update its policies in accordance with Charity Commission and statutory guidance.

Objectives and activities

a. Public Benefit Statement

The Trustees confirm that they have complied with their duty to have due regard to Charity Commission guidance on public benefit when exercising their power or duties.

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)'.

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

TRUSTEES’ REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025

b. Objectives

The objects of the charity are:

c. Activities, achievements and performance

This year has been one of transitions. We have had several changes to our trustee board, including the appointment of a new Chair of Trustees, Catherine (Kibby) Schaefer. We also saw Victoria leave us at the end of the year, and post year end we were pleased to appoint Megan Sclater as Programme and Communications assistant, on a freelance basis for up to 15 hours per week. Megan arrived amidst a busy Bursary season and quickly proved invaluable- her thoughtful planning and organisational expertise have contributed to a very healthy number of applications. Since the year end, we also welcomed back Alaina Schmisseur, who has rejoined the Foundation as Trustee and Bursary Officer. Alaina steps into the roll previously held by Gill Chitty, who managed this vital focus of our charity for the past 5 years with exceptional clarity, wisdom and dedication. We thank Gill wholeheartedly for her remarkable work.

The Bursary scheme continues to attract a diverse array of compelling applications from individuals engaged in both conservation and craft. Candidates seek support to further their professional development through research projects, specialist training, essential tools, and high-quality equipment. The breadth of interest reaffirms the scheme’s importance- not just in enabling practitioners to enhance their skills, but also in safeguarding the knowledge and techniques that underpin our cultural heritage.

This year saw the 25th year of the Foundation and the Bursary scheme. There were 26 grants made during the year to 28 February 2025 totalling £37,496, comparing to 26 in the previous year of £32,986. The increase in value of bursaries was made marking the 25[th] anniversary and acknowledging inflationary impacts on those we support. Our Bursary scheme continues to flourish.

We successfully continued to attract applications from craft practitioners in the north of England and Scotland with 35% of bursary applications coming from York and the Yorkshire region. Overall, 40% of applications are for higher education courses in conservation and the remaining majority for vocational craft training and learning opportunities. The emphasis of the scheme continued to focus on this area given shortages of funding and a declining work force in many fields of craft practice. There was increased interest in our recently established Craft Traineeship programme, which encourages sustained training and development in heritage crafts and trades and offers bursaries for up to three years. This year saw a further year’s funding for Eden Stained Glass in Cumbria and a new 3-year bursary awarded to the Piano Project in Glasgow for a trainee piano repair and tuning technician, an endangered craft.

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

TRUSTEES’ REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025

Our heartfelt thanks go out to all our donors and supporters- your generosity makes our work possible. We’re especially grateful to the York Conservation Trust, the York Company of Merchant Taylors, the Surveyors Club, Pinnacle Conservation, the Mountain Bothies Association, Cole & Figg Charitable Trust, William Delafield Charitable Trust and W L Pratt Charitable Trust for their invaluable contributions. Their ongoing commitment, along with the steadfast support of the Consortium’s members and the wider community, empowers us to champion craft and conservation across York- preserving the city’s rich heritage and fostering its future- and further afield.

It is this spirit of partnership that the charity has worked hard to cultivate over the past year, through an annual programme of engagement opportunities designed to foster sector-wide dialogue. For instance, in October 2024, we were proud to host our second Materials event at King’s Manor, with a focus on Timber with York Consortium for Craft and Conservation . This cross-disciplinary gathering explored Timber’s role in traditional, contemporary, and future built environments. It brought together craft and conservation practitioners, academics, and consultants to share expertise, challenge assumptions, and consider the material’s significance. Held in the historic setting of King’s Manor, the event underscored the value of linking practice with place, and tradition with innovation. We continue to curate events that foster meaningful crossdisciplinary collaboration, ensuring that our charitable aims remain both reflective of and responsive to the diverse community of specialists engaged in this work.

Financial review

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence on a going-concern basis for the foreseeable future. The going concern principle governs preparation of the financial statements.

During the year total income increased from £17,159 to £61,602 as a result of significantly increased grants received, in particular for the bursary programme. Expenditure increased from £51,858 to £52,688, as a result of increased bursaries made in the year. The investment portfolio saw a gain in the year of £17,199 after capital withdrawn of £25,000 in the year. Investments at year end stood at £274,356 compared to £275,255 in the prior year. The overall surplus for the year, after gains on investments, was £24,148 (2024: deficit of £37,778).

At the year end, total unrestricted funds stood at £302,050 (2024: £291,027) and restricted funds at £13,125 (2024: £nil). Free reserves, being unrestricted funds net of any fixed assets, stood at £302,050 (2024: £291,027). Of the restricted funds carried forward. £10,000 given specifically for the Bursary Scheme and £3,125 for the Martin Stancliffe Award. This is a new award that is being set up in Martin’s memory. It will support initiatives combining heritage conservation and music. It may be directed toward one of three areas: postgraduate study in musical instrument conservation at West Dean College, conservation work in York churches to enhance music settings, or sponsorship of performances in historic venues by selected music festivals or ensembles., to an individual or organisation, supporting activity that reflects a combination of conservation and music. Post year end further support has been committed to allow this award to be set up.

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

TRUSTEES’ REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025

Statement of Trustees' responsibilities

The Trustees 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).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its 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 charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Charity Commission Scheme. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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

Catherine Schaefer (Sep 16, 2025 13:56:33 GMT+1)

Catherine Schaefer Chair of Trustees

Date: Sep 16, 2025

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025

Independent examiner's report to the Trustees of York Foundation for Conservation and Craftsmanship ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 28 February 2025.

Responsibilities and basis of report

As the Trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Michael Backhouse

Michael Backhouse (Sep 22, 2025 08:49:20 GMT+1)

Michael Backhouse

Date: Sep 22, 2025

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 28 FEBRUARY 2025

Note
Income from:
Donations and legacies
(2)
Investments
(3)
Total income
Expenditure on:
Raising Funds – Investment
manager fees
Charitable activities
(4)
Total expenditure
Net (expenditure)/ income
before net (losses)/ gains on
investments
Net (losses)/gains on investments
(10)
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
funds
2025
£
2025
23,072
29,701
8,829
-
31,901
29,701
1,965
-
36,112
16,576
(38,077)
(16,576)
(6,176)
13,125
17,199
-
11,023
13,125
291,027
-
302,050
13,125		 Total
funds
2025
£
52,773
8,829
61,602
1,965
52,688
(54,653)
6,949
17,199
24,148
291,027
315,175		 Total
funds
2024
£
8,510
8,649
17,159
2,001
49,857
(51,858)
(34,699)
(3,079)
(37,778)
328,805
291,027

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 16 form part of these financial statements.

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

BALANCE SHEET

AT 28 FEBRUARY 2025

Note
Fixed Assets
Investments
(10)
Total fixed assets
Current Assets
Debtors
(11)
Cash at bank and in hand
Total current assets
Current Liabilities
Creditors and accruals
(12)
Net Assets
Funds of the Charity
Restricted funds
(13)
Unrestricted funds
(13)
Total funds		 2025
£
11,267
30,595
13,125
302,050		 2025
£
274,355
274,355
41,862
(1,042)
315,175
315,175		 2024
£
275,255
275,255
679
15,427
16,106
(334)
291,027
-
291,027
291,027

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

Catherine Schaefer (Sep 16, 2025 13:56:33 GMT+1)

Catherine Schaefer Chair of Trustees Date: Sep 16, 2025

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

1. Accounting policies

1.1. Basis of Preparation

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2. Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

1.3. Income

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

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.4. 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.

Support costs are those costs incurred directly in support of expenditure on the objectives of the charity. This includes governance costs which include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity'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.

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

Grants offered subject to conditions which have not been met at the year end are not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

1.5. Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.6. Taxation

The charity is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charity for UK income tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Income Tax Act 2007, Part 10 s521 – s537 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.7. Gifts in kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the Statement of Financial Activities as incoming resources when receivable.

1.8. Donates services and facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

1.9. Tangible fixed assets and depreciation

All assets are capitalised as directed by the trustees and are included at cost, including any incidental expense of acquisition.

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. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

1.10. 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 Statement of financial activities.

1.11. 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.

1.12. 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.

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

1.13. 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 charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. 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 Statement of financial activities as a finance cost.

1.14. Financial instruments

The charity 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.

1.15. Pensions

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

1.16. 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 charity 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 charity 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. Income from donations and legacies

Voluntary income

Legacies
Grant income
Donations		 Unrestricted
£
Restricted
£
2025
£
1,062
-
1,062
22,000
26,576
48,576
10
3,125
3,135
23,072
29,701
52,773		 2024
£
-
8,500
10
8,510

All voluntary income from the prior year was unrestricted.

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

3. Investment income

Dividend income
Interest received		 2025
£
8,632
197
8,829		 2024
£
8,224
425
8,649

All investment income in both years was unrestricted.

4. Analysis of resources expended

Charitable activities

Bursaries: individuals (see note 8)
Bursaries: organisations (see note 8)
Support costs (see note 5)
Staff costs (see note 7)
Contractors’ fees
Governance costs		 Unrestricted
£
Restricted
£
2025
£
14,920
13,576
28,496
6,000
3,000
9,000
573
-
573
-
-
-
14,536
-
14,536
83
-
83
36,112
16,576
52,688		 2024
£
32,986
-
1,486
12,433
2,933
19
49,857

In the prior year, restricted spend on bursaries totalled £8,500. All other expenditure was unrestricted.

Governance costs

Governance costs are £83 (2024: £19) for travel expenses.

5. Support costs

Payroll administration costs
Insurance
Software costs
Other		 2025
£
-
416
-
157
573		 2024
£
170
396
882
38
1,486

All support costs in both years were unrestricted.

6. Details of certain items of expenditure

During the year, no Trustees received any remuneration or any other benefits (2024: £nil). During the year ended 28 February 2025, expenses totalling £83 were reimbursed or paid directly to 1 Trustee (2024: £19 to 1 Trustee) in relation to travel expenses.

No amounts were paid for the independent examiner's report on the accounts and no other services were provided by the independent examiner.

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

7. Staff costs

Salaries and wages
Employer’s pension contribution		 2025
£
-
-
-		 2024
£
12,222
211
12,433

The charity did not employ any individuals in the period (2024: one employee was employed on a short-term contract until December 2023).

8. Bursaries made

Purpose for which bursaries were made:
Education and training
Recipients:
Grants to individuals
Grants to organisations		 2025
£
37,496
37,496
28,496
9,000
37,496		 2024
£
32,986
32,986
32,986
-
32,986

Grants to organisations included £3,000 to Eden Stained Glass, £3,000 to Ironart Limited and £3,000 to The Piano Project CIC. These grants are to support the organisations taking on craft trainees.

9. Tangible fixed assets

The charity holds no tangible fixed assets.

10. Fixed asset investments

Market value at beginning of year
Add: additions at cost
Less: disposals
Increase in market value during year
Other movements
Market value at the end of the year		 Listed
investments
Other
investments
Total
investments
£
271,518
3,737
275,255
49,256
-
49,256
(76,341)
17,199
-
-
(76,341)
17,199
-
8,986
8,986
261,632
12,723
274,355

The historical cost in relation to the above listed investments, at year end, equated to £251,081 (2024: £266,404).

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

11. Debtors and prepayments

All amounts are falling due within one year.

Gift aid recoverable
Amount due from York Consortium for Conservation and Craftsmanship
Accrued income
2.
Creditors and accruals
Accruals
Amount due to York Consortium for Conservation and Craftsmanship		 2025
£
638
317
10,312
11,267
2025
£
1,042
-
1,042		 2024
£
13
317
349
679
2024
£
334
-
334

12. Creditors and accruals

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

13. Statement of funds

General funds
Total unrestricted
funds
Restricted funds
York Conservation
Trust bursary fund
York Merchant Taylors
bursary fund
The Surveyors Club
bursary fund
The Mountain Bothies
Association bursary
fund
Pinnacle Conservation
bursary fund
Bursaries fund
M Stancliffe Award
fund
Total restricted funds
Total funds		 Balance
at 1 March
2024
Income
Expenditure
Gains/
(Losses)
Balance at
28 February
2025
291,027
25,026
(38,077)
17,199
302,050
291,027
25,026
(38,077)
17,199
302,050
-
5,000
(5,000)
-
-
-
2,000
(2,000)
-
-
-
1,500
(1,500)
-
-
-
5,100
(5,100)
-
-
-
2,976
(2,976)
-
-
-
10,000
-
-
10,000
-
3,125
-
-
3,125
-
36,576
(16,576)
-
13,125
291,027
61,602
(54,653)
17,199
315,175

Fund descriptions:

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THE YORK FOUNDATION FOR CONSERVATION AND CRAFTSMANSHIP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

14. Transactions with related parties

During the year a grant of £5,000 (2024: £5,500) was received from York Conservation Trust of which Jonathan Bryant, trustee, was chief executive officer up to 30 September 2023, and James Grierson became a trustee of on 4 November 2024. Neither individual took part in any decisions relating to the York Conservation Trust’s funding of the Foundation during the periods of holding these roles.

There are no other transactions with related parties, other than trustee expenses declared in Note 6. (2024: none).

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