```
REGISTERED COMPANY NUMBER: 07161510 (England and Wales)
REGISTERED CHARITY NUMBER: 1135221
```
## **`REPORT OF THE TRUSTEES AND`**
## **`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023`**
## **`FOR`**
## **`THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION`**
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023`**
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 15
**----- End of picture text -----**
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 28 FEBRUARY 2023
```
```
The Trustees who are also directorsof the charityfor the purposesof the CompaniesAct 2006, present their annual report
withthefinancialstatementsof thecharitablecompanyfortheyearended28 February2023.Thetrusteeshave adopted
theprovisionsofAccountingandReportingbyCharities:StatementsofRecommendedPracticeapplicableto charities
preparingtheiraccountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republicof Ireland
(FRS 102).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The objects of the charity as set out in its Articles of Association are:
```
```
(1)Tosupportthemental,educational,spiritual,cultural,moralandphysicaldevelopment,healthandimprovement of
youngpeopleundertheageof35whowereborn,areconnectedto,workorlivewithinYorkshiresothatthey can
develop their full capacities and become responsible members of society with improved conditions of life and health.
```
```
(2) To benefit such other exclusively charitable objectives and purposes as the charity may determine from time to time.
```
- `(3) To support registered charities in the achievement of their charitable objectives.`
```
The principleethosof the charityis to raisemoneyfor charitableprojectsfor youngpeoplein Yorkshire,givingpriority to
thosewhodonothavesignificantfundraisingcapabilities.Theessenceofthecharityistoacknowledgeand reward
achievementbyyoungpeopleinYorkshirewhilstusingthatopportunityasafoundationtoraisemoneyforthe same
group.TheFoundation,andthroughitsannualawards,seeksnotonlytogivefinancialgrantstosuchbeneficiaries but
also to raise awareness of their causes through media attention and supporting partners of the charity.
```
```
Thecharitywillbenefityoungpeopleundertheageof35whocanshowsomeexampleoftheirconnectionwith the
Yorkshireregionwhetherby birth,placeof living,workplaceor some otherconnection.The beneficiaryis intendedto be
a childor youngpersonwhose life wouldbenefitfrom the givingof a grantin orderthatthey can become a well rounded
adult,thereforetheeligiblerangeiscappedat35.ThebeneficiariesmayapplyforagrantortheFoundationmay have
heardofthebeneficiarythroughanothersource.Thebeneficiariesareconsideredontheweightoftheircause and
whetherit relatesto the mental,educational,spiritual,cultural,moralandphysicaldevelopment,healthor improvement
of young people.
```
```
It is also envisagedthat some of the monies raised will be given to other registeredcharitiesand to other charitable causes
whichmay operatefor the preventionor relief of poverty,the advancementof education,religion,healthor the saving of
lives,citizenshiporcommunitydevelopment,thearts,culture,heritageorscience,amateursportoranyother charitable
cause.
```
```
The trusteeshave appointeda Grants Committeeto considergrant applicationsmade to the charityand to check whether
thesemeetitsgrantmakingpolicyandguidelines.HavingconsideredapplicationsmadetheGrantsCommittee makes
recommendationstothetrusteesastothepaymentofGrants.Suchrecommendationsarethenconsideredby the
trustees at their next meeting and as a result they are ultimately responsible for deciding which grants should be paid.
```
```
Page 1
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 28 FEBRUARY 2023
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Main activities and achievements`**
```
The aim of the charityis to raise funds in order to meet its charitableobjectivesas set out above and in the circumstances
itsactivitiesmainlycompriseofarrangingfundraisingevents.Themorefundsthecharitycanraisefrom fundraising
eventsandfunctionsthe more individuals,registeredcharitiesandotherorganisationswhichfallwithinits objectives will
benefit.
```
```
Themainactivityofthecharityforraisingfundsisitsannualawardsdinner,knownastheYorkshireYoung Achievers
Awards.
```
```
Various donations were received in the year totalling £57,514 (2022 - £44,350).
```
## **`Public benefit`**
```
WehavereferredtotheCharityCommission'sguidanceonpublicbenefit-including'PublicBenefit:thepublic benefit
requirement(PB1)'and'PublicBenefit:runninga charity(PB2)'- whenreviewingouraims andobjectivesandin planning
currentand futureactivities.The achievementsand activitiesoutlinedin this reportdemonstratethe publicbenefit arising
from the charity's activities.
```
## **`Grantmaking`**
```
A numberof grantswere made to institutionstotalling£22,825(2022- £8,200)as detailedin note6. No grantswere paid
to individuals during the year (2022 - £5,000).
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Duringtheyear,thecharitablecompanyreceiveddonationsandinterestincometotalling£59,308(2022- £44,364).
Expenditure incurred on raising funds totalled £37,553 (2022 £3,829) and grants paid totalled £22,825 (2022: £13,200).
```
```
The overall deficit for the year was £1,070 (2022 - surplus £27,335).
```
## **`Reserves policy`**
```
It is the trustees policy to maintain free reserves of at least £10,000 in order to ensure the financial stability of the charity.
```
```
Thefreereservesarerepresentedbymoniesheldonthecharity'sbankaccountonwhichinterestisreceived.Inview of
theleveloffundsgenerallyheld,theneedtohavethesereadilyaccessibletogetherwiththefactthatinterestrates are
currentlylowthetrusteesaresatisfiedwiththerateofreturnreceivedbearinginmindthelowlevelofrisk associated
with holding the monies in this account.
```
```
At28February2023,thecharityhadfreereservesof£78,285(2022- £79,355)whichishigherthanthatofour reserves
policy. However, the grants committee and trustees are processing applications in order to spend these reserves down.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
ThecharityiscontrolledbyitsMemorandumandArticlesofAssociation,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
```
## **`Recruitment and appointment of new trustees`**
```
ThemembersofthecharitablecompanyarealsoitstrusteesandmayinaccordancewiththeArticlesofAssociation, by
ordinary resolution, appoint a person who is willing to act as a trustee.
```
```
Page 2
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 28 FEBRUARY 2023
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Organisational structure`**
```
Thetrusteeswhomeetonaregularbasisareresponsiblefortheoveralloperationandmanagementofthecharity. The
trusteesmaydelegateanyoftheirpowersorfunctionstoacommitteeoftwoormoretrusteeswhere considered
appropriate and may impose conditions when delegating.
```
## **`Risk management`**
```
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
07161510 (England and Wales)
```
## **`Registered Charity number`**
```
1135221
```
## **`Registered office`**
```
Wharfedale House
35-37 East Parade
Harrogate
North Yorkshire
HGI 5LQ
```
## **`Trustees`**
```
P D G McCormick OBE
R C Miller (resigned 16.10.23)
N K E Corp
R M Stroud
Z J Webber
C A McCormick
S Jones
M M Gerrard
A J C Harrison (appointed 7.10.22) (resigned 19.5.23)
```
## **`Bankers`**
```
Yorkshire Bank
PO Box 140
Leeds
LS2 3YY
```
## **`Independent Examiner`**
```
Sedulo Accountants Limited
Chartered Certified Accountants
62-66 Deansgate
Manchester
M3 2EN
```
```
Approved by order of the board of trustees on 17 November 2023 and signed on its behalf by:
```
```
Page 3
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 28 FEBRUARY 2023
```
```
P D G McCormick OBE - Trustee
```
```
Page 4
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
## **`Independent examiner's report to the trustees of The Yorkshire Young Achievers Foundation ('the Company')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2023.
```
## **`Responsibilities and basis of report`**
```
As thecharity'strusteesof theCompany(andalsoitsdirectorsforthepurposesof companylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,I reportinrespectofmyexaminationofyourcharity'saccountsas carried
outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Emma Houghton ACCA
```
```
Sedulo Accountants Limited
Chartered Certified Accountants
62-66 Deansgate
Manchester
M3 2EN
```
```
21 November 2023
```
```
Page 5
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2023`**
|`2023`
`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`57,514`
`Investment income`
`3`
`1,794`
**`Total`**
`59,308`
**`EXPENDITURE ON`**
`Raising funds`
`4`
`37,553`
**`Charitable activities`**
`5`
`Grants payable`
`22,825`
**`Total`**
`60,378`
**`NET INCOME/(EXPENDITURE)`**
`(1,070)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`79,355`
**`TOTAL FUNDS CARRIED FORWARD`**
`78,285`|`2022`
`Total`
`funds`
`£`
`44,350`
`14`|
|---|---|
||`44,364`|
||`3,829`
`13,200`|
||`17,029`|
||`27,335`
`52,020`|
||`79,355`|
```
The notes form part of these financial statements
```
```
Page 6
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
## **`BALANCE SHEET`**
## **`28 FEBRUARY 2023`**
|`2023`
`Unrestricted`
`fund`
`Notes`
`£`
**`CURRENT ASSETS`**
`Debtors`
`8`
`500`
`Cash at bank`
`77,785`
`78,285`
**`NET CURRENT ASSETS`**
`78,285`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`78,285`
**`NET ASSETS`**
`78,285`
**`FUNDS`**
`9`
`Unrestricted funds`
`78,285`
**`TOTAL FUNDS`**
`78,285`|`2022`
`Total`
`funds`
`£`
`500`
`78,855`|
|---|---|
||`79,355`|
||`79,355`|
||`79,355`|
||`79,355`|
||`79,355`|
||`79,355`|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 28 February 2023.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
28 February 2023 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 7
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
## **`BALANCE SHEET - continued`**
## **`28 FEBRUARY 2023`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon17November2023 and
were signed on its behalf by:
```
```
P D G McCormick OBE - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
```
```
Thefinancialstatementsarepreparedinsterling£,whichisthefunctionalcurrencyofthecompany. Monetary
amounts in these financial statements are rounded to the nearest £.
```
## **`Going concern`**
```
At thetimeof signingtheseaccountstheTrusteesareof theopinionthattheCompanywillremainviablefor the
foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesintheyearinwhichitisreceivable.Thisis when
thecharityislegallyentitledtotheincome,thereissufficientcertaintyofreceiptandsoitisprobablethat the
income will be received, and the amount can be measured reliably.
```
```
Donatedservicesandfacilitiesareincludedwherethebenefittothecharityisreasonablyquantifiable and
measurable.Theseareincludedattheestimatedvaluetothecharitywhichisthepricethecharityestimates it
would pay in the open market. A corresponding amount is recognised in expenditure in the year of receipt.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charityto that expenditure,it is probablethat settlementwill be requiredand the amountof the obligationcan be
measured reliably.
```
```
The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
```
```
All expenditure is accounted for on the accruals basis.
```
```
Expenditure is allocated to a particular activity where the cost relates directly to that activity.
```
```
Where expenditure,includingsupportand governancecosts, cannotbe directlyattributedto a particularactivity it
has been allocated to activities on a basis consistent with the use of the resources.
```
```
Costs of raisingfunds are those costs incurredin attractingvoluntaryincome and includethe costs associated with
fundraising activities.
```
```
Supportcosts are thosecosts thatwhilstnecessaryto deliveran activity,do not themselvesproduceor constitute
the output of the charitable activity. In the main these comprise of general management and administration costs.
```
```
Governancecosts are thosecosts associatedwith the governancearrangementsof the charityand whichrelate to
its general running as opposed to its fundraising or charitable activities.
```
```
continued...
```
```
Page 9
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023
```
## **`1. ACCOUNTING POLICIES - continued`**
## **`Expenditure`**
```
Grantspayablearepaymentsmadetothirdpartiesinthefurtheranceofthecharitableobjectivesofthe charity.
Expenditureongrantsis recordedoncethecharityhasmadeanunconditionalcommitmenttopaythegrant and
this is communicated to the beneficiary or the grant has been paid whichever is the earlier.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybe usedforparticularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
```
## **`2. DONATIONS AND LEGACIES`**
|`Donations`
**`3.`**
**`INVESTMENT INCOME`**
`Bank account interest`|`2023`
`£`
`57,514`
`2023`
`£`
`1,794`|`2022`
`£`
`44,350`|
|---|---|---|
|||`2022`
`£`
`14`|
```
continued...
```
```
Page 10
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023`**
## **`4. RAISING FUNDS`**
## **`Raising donations and legacies`**
|**`Raising donations and legacies`**|||
|---|---|---|
|`Administrative expenses`
`Subscription`
`Independent examiner fee`
`Costs of fundraising events`
`Consulting`
`Travel and subsistence`|`2023`
`£`
`-`
`216`
`1,750`
`28,042`
`7,101`
`444`
`37,553`|`2022`
`£`
`3,000`
`216`
`600`
`-`
`13`
`-`|
|||`3,829`|
## **`5. CHARITABLE ACTIVITIES COSTS`**
|**`5.`**|**`CHARITABLE ACTIVITIES COSTS`**|||
|---|---|---|---|
||||`Grant`|
||||`funding of`|
||||`activities`|
||||`(see note`|
||||`6)`|
||||`£`|
||`Grants payable`||`22,825`|
|**`6.`**|**`GRANTS PAYABLE`**|||
|||`2023`|`2022`|
|||`£`|`£`|
||`Grants payable`|`22,825`|`13,200`|
```
continued...
```
```
Page 11
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023`**
## **`6. GRANTS PAYABLE - continued`**
```
The total grants paid to institutions during the year was as follows:
```
|`The Ethel Trust`
`Downs Syndrome Support Group`
`Support Dogs`
`Whitby Hidden Impairments`
`One in a Million (sports)`
`Dance United Yorshire`
`The Valley Project`
`Music and Arts Production`
`North Yorkshire Hospice Care`
`Paces Sheffield`
`BB Best community`
`Ichiban Karate Leeds`
`Sunshine Sunflower Foundation`
`Youth Movement Against Violence`
`Arch Resolution`
`Outkast panda crew`
`Next Door But One`
`St James Church`|`2023`
`£`
`1,000`
`500`
`5,000`
`-`
`500`
`1,575`
`5,000`
`5,000`
`2,000`
`2,000`
`1,000`
`500`
`250`
`-`
`-`
`500`
`500`
`(2,500)`
`22,825`|`2022`
`£`
`-`
`2,000`
`4,000`
`1,200`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`500`
`500`
`-`
`-`
`-`|
|---|---|---|
|||`8,200`|
## **`The purpose of grants awarded during the year was as follows :`**
```
The Ethel Trust: Support towards skippers and admin costs.
```
```
Down'sSyndromeNorthYorkshireSupport:Furthersupportforactivitiesto providetrainingandsupport services
to achieve employment.
```
```
Support Dogs: Continuing our contribution to the cost of training suitable dogs and vet fees.
```
```
One in a million (sports): Support towards coaching, staffing and welfare costs.
```
```
Dance United Yorkshire: Support towards producing arts.
```
```
TheValleyProjects:Supporttowardscontainerscostswithwindows/framesetcregardingdisadvantaged young
people in Holmwood road.
```
```
Music and Arts Production: Support towards producing music and arts.
```
```
North Yorkshire Hospice Care: Support towards equipment costs.
```
```
Paces Sheffield: Support towards graphics and groundworks.
```
```
continued...
```
```
Page 12
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023
```
## **`6. GRANTS PAYABLE - continued`**
```
BBBestCommunity:GranttowardstheservicesofStGilesTrustforeducationalpurposessupportinga diverse
young community in West Yorkshire.
```
```
IchibanKarateLeeds:Granttowardscostsofgetting9individualstoworldchampionshipsin Florida/protective
equipment plus 5 scholarships.
```
```
Sunshine Sunflower Foundation: Grant towards wages and equipment.
```
```
OutkastPandaCrew:Supporttowardscarclubforyoungpeople(jacks,toolschests,Nutrunnergunand other
tools.
```
```
Next Door But One: Supporttowardscosts of workshops,materialsand expenses of creative producerfor disability
led theatre.
```
## **`7. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended28February2023norforthe year
ended 28 February 2022.
```
## **`Trustees' expenses`**
```
Therewere4 trusteesreimbursedforexpensestotalling£455fortheyearended28February2023.No expenses
were paid for the year ended 28 February 2022.
```
## **`8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|||`2023`|`2022`|
|---|---|---|---|
|||`£`|`£`|
|`Prepayments`||`500`|`500`|
|**`MOVEMENT IN FUNDS`**||||
|||`Net`||
|||`movement`|`At`|
||`At 1.3.22`|`in funds`|`28.2.23`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`79,355`|`(1,070)`|`78,285`|
|**`TOTAL FUNDS`**|`79,355`|`(1,070)`|`78,285`|
## **`9. MOVEMENT IN FUNDS`**
```
continued...
```
```
Page 13
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023`**
## **`9. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`59,308`|`(60,378)`|`(1,070)`|
|**`TOTAL FUNDS`**|`59,308`|`(60,378)`|`(1,070)`|
|**`Comparatives for movement in funds`**||||
|||`Net`||
|||`movement`|`At`|
||`At 1.3.21`|`in funds`|`28.2.22`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`52,020`|`27,335`|`79,355`|
|**`TOTAL FUNDS`**|`52,020`|`27,335`|`79,355`|
|`Comparative net movement in funds, included in the above are as follows:`||||
||`Incoming`|`Resources`|`Movement`|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`44,364`|`(17,029)`|`27,335`|
|**`TOTAL FUNDS`**|`44,364`|`(17,029)`|`27,335`|
```
continued...
```
```
Page 14
```
```
THE YORKSHIRE YOUNG ACHIEVERS FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023`**
## **`10. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 28th February 2023.
```
## **`11. LEGAL STATUS`**
```
YorkshireYoungAchieversFoundationisacompanylimitedbyguaranteeincorporatedinEngland&Wales, The
companyhasnosharecapitalandintheeventofitbeingwoundup,theliabilityinrespectoftheguarantee is
limited to £10 per member of the charity.
```
```
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```