Flnancial Statements Year Ended 31° December 2024 The Askrigg Foundatlon Financial Statements Year Ended 3151 December 2024 Charlty Reference and Administrative Details Trustees. Annual Report Independent Examinerfs Report ststement of Financlal Actlvhles 24 Balance Sheet Note5 to the Financial Statements 8-16 The Askth FoundatlDn Charfty R•f•rnnetr *nd AdmIThIstrath￿ Detsls Y•ar Ended 31° December2024 awrlty reqtstr*lon Nmb•r Charltabl• *hwrporated Orwls•lloh numbar CE0￿701 Mrs G J Anderson Iresilned 13105120251 Rev D J aark Mrs E Fawcett Mrs CP Gosllr Mr H A Kirkbrlde Mrs K Hodgson Ireslgned 1¥0512025) th* Pe￿n Mrs E Fawcett Tr••sur•r Addr•ss Askni8g House Main Street LeW)um 14orth York5hlre DL83HG Ihdepehdent Ex4mln Mr M A Fleming Yorkshire Dales Ac￿ntart¥ In Pl￿. Dryden House North Yorksh DL8 3PA Solkltor Hall & Bir￿eS 8ank Chambers Maln Street North yO￿$h 0L83QL Banknrs C4F Bank Ltd 25 Kfin8s Holl Avenue ngs Hill West Mallln8 Kent ME1841Q The Askrlg8 Foundatlon Trustaos, Ann￿￿ Rewt Year Énded 31° December 2024 The trustees present their report and the finati¢ial statements of the charity for the year ended 31" Deomber Z024. The trustees have adopted the provisirffis of the Statement of Recommenthd Prarti¢e ISORPI "Accounting and Reportln8 by Charities" In preparln8 the annual report and financial statements of the Charity. Thefinancial statements have been weparedin accordan￿ with theaccountln8pollcles set outin notestotheaceounts and comply with the charivs governin8 d0￿men[ the Char116es Art 2011 and Acco￿ting and Reporting by Chadtles.. ststement of Recommended Pra¢tlce applkable to charities preparin8 their accounts in accordance with the Financial RepOr￿Trg Standard applicable In the UK and RepubfK of Ireland pub115hed in Ortober 2019. Tntstws ofth• tharlty The trustees who have seryed duri￿ the ￿ar and sin¢ethe yeaternl Thwe as folk)￿. Mrs G J Anderson Ire$4med 13105120251 Rev D J aark Mrs E Fawcett Mrs C P Gosling Mr H A Kirkbride Mrs K Ho(*son Ireslgned 13105120251 Obl•CU￿$ and acth The principal oblective5 of the Askfrgg Foundati￿ continueto be dTi¥en bythe original trust deed of 1971, whlth tssks the trustees to undertake.such works as are ber*ficial to the Parish In Ilne ¥Arh the foundlng Chrlstlan prtndples." Thè F￿JndatI0n becwne artive as thaTitable Inccvpornted Organisation wth effect from @ June 2019, h￿n8 prevlou5 operated as an ordinary charty. re8iStrdtp)n number 51K838. The oble¢ts of the Charlty are to promote any charltable purp05e for the public generally and. in particulw. the Wtha1yt￿ts of the Upper WensIv￿ale Benefice and for the general purpose of such b(xlies as thetrustee5 mayfri¥n tin*io time decide to support Publc b•n•fftstatsm•nt The charity continues to 5UPPOrt charitable purpose5 in the Upper wen￿eYdaIe 8tnefice as and when Identffied. The tharity has bÈtn dèliverin8 publk bènefit by providin8thrèèaffordablè homes for rent in perpetuity for bcal people as detwmined by a speufi¢ criteria and a shop * a reawbk rènt It is doing so from property that the charfty owns. which was not prevk*usly being ful￿ ￿lIos￿. The twstees consider ihat they have (￿lied with their duty to have due rerdfd to the c¢mmission'$ publlc benefft 8uldance. The Foundation provides three affonlable homes athd one retail ￿•t In the village of Askf*8. It has been a fairfy ￿0d yearlor the Foundation with the same tenants in all fr￿r properties forthe entire year. There have been no maintenance issues on the resldential properties. and small rent increases were applied but the rents rèmain very affordable for our area. The shop comlnuts to bè la to Heather & Grouse and the small ¥ea of damp * thè back of thè property has beèn repalred. The Asknqg Foundatlon Tn￿tee< Ann￿1 Report Year Ended 31° De¢embw 2024 Fknandal rwl•w {kn¢ludI￿ rnserbw Wlth good occupancy levels the incomè Ser￿ted from the propty amunted to £19,24712023: £18.7101. Costs dLxreased to £18.607 from £18.938 in 2023, a decrease of £331. The mortgage rernains the lar8e5t monthly out8oln8 and interest alone amounted to É9.134 {2024: £8.7831. otheThth costswere rel4tlvety low. The Trustees conslder It appropriate that the osh fvrtd5 available in the current account do not fall below £lO,OCiI. 60in8 forwards the Tn￿teeS wlll contlnue to look to stren8then cash reseNe5 before fvrtherln8 its objertives. Whilst the totsl charity fijnds arè hèalthy at £252.545. • bt ol this is locked into property. Plans for future pwlgds Wlth the properties all being in exelent condttion the trustees arè hopèful th•t minimal expenditure will be reqUI￿d on them over the ￿rnIng yeats. It Is tyJr intention to keep these to a high stsnd¥d so that people are Prol￿ to Ilve in them. Strnctyr•i qov•rnanc• and m¥￿1*m•￿t The charlty is 8o¥emed by Its Charltsble Incorp￿￿ Qr8anlsation constitution docume￿ dated 2e November 201& The charity is managed by its trustees. Where there is a need for a new Trustee. Trustees are identffied by thelr sklll set by servin8 Trustees and are inyited toioin the organisation. Truslees, resp￿S1b11lt1•% The Askr*8 Foundatlon Trustees. Annual Report Year Ended 31" December 2024 On behalf of the board Mrs E Fawcett. Chairperson. TrustÈe Date: The Askrlgg FourHlatlon Independent Examln•rf8 Report to th• Trusto08 of Tho Askrfgg Foundallon Year Ended 31*1 December 2024 I report to the charitytrustees on myexamination of theaccountsof the charlty fortheyearended 31# December 2024 which are set out on pages I to 16. Respons*llltl•s and basls of report As the charitys trustees are respor&ble for the preparation of the accounts in accordan¢e wlth the requlrements of the Charities Art 20111.the ACVI. I report In respect of my examination of the dmritys aLzounts Carried under settlon 145 of the Act and In carrying out my examlnauon I have followed all the applicable DIrect•o￿ given by the Charity Commlssk)n under sectlon 145151{bl of the ACL Independent •xamkn•rfsst*t•m I have completed my &￿MinatIOn. I corrflm) that no material matters have come to my attention In connectlon wlth the examination givlng me cause to belierfe thal In any matwi?I re5pert: I have no concerns and have come acros5 other matters In coM*e¢tion with the examlnatlon to whlth attentlon should be drawn in this rep¢)rt in order to enable a proper undÈrstsnd1￿ of the accounts to be reached. Mrm A F￿rnIng ICAEW Member No. 9228615 Yorkshlre Dales Acccwnta Kiln Pla Dryden house Hawes North Yorkshlre OL8 3QG Date: 14 06Wf Q• as Th• Askrlgg Foundatlon Statement of Flnanclal Actlvltlos Year Ended 31*1 December 2024 Unre5trided Restricted funds fijnds Year Ended 2024 Totsl Year Ended 2023 Total Incom• and end•)wm•nts frtyn: Property Income Donations and legacles Investments Grants Other income 17.424 L823 19,247 118 234 18.710 24 221 234 Totsl In￿me and 17542 2.057 19,599 18.955 Expendllure on: Overheads & admini5tTrtion 18397 210 18.607 18,938 Total •xpqndkwe 18.397 210 18.607 18J38 Net 8ains I (losses) ofi investm 165 165 627 Net Income I lexpeNlltyr•l 18551 2A112 1,157 N•t mov•m•nt In fuNIs 1855) io L157 Reco￿11th offwd5: Funds brtyJ8ht fOr￿artI $4 251.388 250,744 183.699 251545 251,388 All income and expendituft derive from continulrrf art14rftles. The statement of finarbclal aCtI￿tieS indudes all gains and losses r•co8nised during theyeir. The A8krtgg Foundatlon Balance Sh•et Yoar Ended 311¢ Dewnber 2024 2024 2023 Flx•d •ss•ts Tan8ible assets 335.426 342.679 335.426 342.679 Debtors Investments Cash at bank and in hand io li 457 7.497 18.513 82 7,332 12.403 26.467 I9￿17 Cx•thtOf5: amounts fallI￿th• rA4thln on• y• 12 13.252) {3,1921 Nrt ¢urr•rt as%•ts l {Ilabl411•s) 23.215 16.625 Total ass•ts kn ¢urr•nt M•bll 358.641 359.304 1106,0%) {107,9161 N•tJssets I Illablltlesl 251,388 Charlty Funds Restricted funds Unrestricted funds 14 14 68.846 183.699 66,834 184.554 T¢)tsl d￿rity￿ndS 14 251545 2$￿6# The financlal 5tatoments were approved and author￿ forlssue bythe board. Si8ned on behalf of the boanl of theTn Mrs E Fawcett. Chalrperson. Tntstee Mrs C P Gosling. Trustee Oats G¢io{ioJ The notes on page5 8 to 16form part ofthese finandal sw•men The Askrfgg Foundallon Nots$ to the Flnanclal Statements Y•ar Ended 31•1 De¢embor 2024 (a) G•nernl Infarn￿on and ba* of The A5kryg Foundation Is a Charitable Incorporated Or8anisation in England. In the event of the tharity bein8 wound up. thetrustees have no liability ro contribute to its a55ets and have no personal responsibilltyfor settling its debts and Ilabllftle& The contart addre55 is ￿en in the charity infarniatlon on page l of these than¢lal statements. The ¢harlty ¢onsttiutes a publK benefit enlity as deHb)ed by FRS 102. The finan¢lal statements have been prepared in accordance with A¢¢racticable to assess the fair value at receipt or f the c05tsto undertake such avaluation Outwe￿ any beneffts. then thefair ¥a￿e is recognlsed as a wmponent of donatlons when it ts dSstrlbuted •id an equr¥alent amount re¢o8nlsed as charitsble expendlbjre. Gifts in Wnd donated for resale are Induded *fairvalue. b￿ngthe expected proceedsfrom sale less the expected costs of sale. Wherè Èstimatin8 the falr valut is Prntticable upon re￿ipt It is recognised In sto¢k and 'ln¢ome from other tradlng act￿llIe￿. Upon sale. the value of the stock is charged against 'lncome from other tradln8 actlvlties, and the proceeds are recogniseil as'lnc￿. the lega¢y Is treoted as a wntingent asset and disclosed. Income from tradin8 actsvilles inthdes ina)me eamed from fundraising events and tradlng artlvltles to ralse funds forthe charlty. Income is recelved In exthan8eft*rsupplyin8 8oods and services in orderto raise funds and is recognised vthen entitlement has occurred. Income from government and other grants are recognlsed at falr value t*then the charfty has ÈntitlÈment after any perfomiance condltions have been met It Is probab￿ that the income wlll be re¢eived and the amount can b• measured relial￿v. If *ntitlèmÈnt is met then these amounts are deferred. Investment Income is eamed th[￿gh holdlng assets for Investment purposes such as shares and property. It Includes dfvldends, interest and rent whe￿ it is Mt watticable to identrfy investment management costs Incurrtd within a schtme ¥rith rtasonable atturnty thè investment in¢ome 15 reported net of these costs. It Is induded when the amount ran be measured reliabty. Interest income 15 recognised usi1￿ the effective interest method and dlvidend and rent income 15 recogn￿1 as the thèri￿$ T￿1 to r￿e1ve payment is establithed. Other Income intludes the converswjn of endowmtht funds irto income arises when capltal funds are released to an income fund from expendableendowments orwhen a tharityhasauthorityto adopl a total retum approach to ￿ pemwnentendty•m)entfund. Ital￿ Indudes otherlncome such as ga*)s on disposa150f tsnglble fixed assets. The Askrlgg Foundatlon Not•8 to tho Flnanclal Statements Year Ended 311t December 21)24 (d) Ewdkurn r•c(wiltlon All expenditure is atctsunted for on an actruals basis and has been dasslfied under headin￿ that a￿relate all costs related to the category. Expendlture is recognised wherethere is a legal or constructive obligation to make payments to third partles. St Is probable that the setdement wll be required and the arnount of the obligation can be measured reliabty. It is catewsed Underthefolowl￿ heading5: Costs of ralsing funds: Expenthture on ¢haritsble artI¥it￿. Overheads & adrnlnistralive costs I1re￿Verab1e VAT is charyed as an expense a8ainstthe actl¥lty forwhlth expenditure arose. Grants payable to third parties are within the d￿ritab￿0biettNe￿ Where unconditional 8rantsare offered. this Is accrued as soon as the redpient Is notif￿d of the granL as thls gS¥es rlse to a rèasonable expectatSorb that the redplent will recefj￿ the grants. Where grants are cond5tlonal relatln8 to pethmance then the 8rant Is only accrued when any unfuffilled conditions are outslde of thecontrol of the tharity. {•) Tanilbl• f￿•d asse Tan8Sble fixed assets are stated at c¢)st lor dtemod costl or valuatlon I￿S accumulated depredatlon and ac¢umulated impairment ￿￿e5. C05t indude5 Costs directy attributable to rnakin8 the a55et capable of ¢Jperatmg as intended. Assets under constnjction aredewedated when t1￿ are brought knto use. Depreciation is provided on al ta￿lble fixed assets at rntes calojlated to write off the ¢OSL less estimated residual value. of each asset ¢)n a systematic basi5 over its ex1￿ useful life as folk)ws: Freehold bulldings Fixtures and fittlngs 2%stralBht line 25% rèducHW balante Investments are recognised initialfy at c(tst *thlch 15 normalty the transacllon prKe including transactlon costs. Subsequèntly, they ar• MeaSu￿d atfair value with changes rewnised in'net 83ins I Ilossesl on Investments, in the SOFA if the share5 are publicly traded or their fair value can otherwise be measured reliably. Other investments are measU￿d at cost less impa1rn￿nt. Current asset investrnents are shortterm highly liquld WNe5tn￿ts and are hekl at falrvalue. These Indude cash on deposit and cash equivalents with a maturlty of less than year. Debtors and credttors no statsd interest rats are receivable or payable wlthln om year are recorded at trnnsa¢tlon price. Any losses arisin8 from inwalrn￿nt are recognised in expenditu￿. Tha Askrlgg Foundatlon Notes to the Flnanclal Stalements Y•ar Ended 31" Decwnber 2024 (h) Loans and bo¢rty•kn Loans and borrowlngs are InI￿alty rec¢gMed at the transaction prke Ib)dudlngtransaction costs. (11 Impakmnt Assets not measured atfairvalue are reviewed forany 1ndka￿On thattheasset may be impaired at each balance sheet date. If suth indication exists. the recoverabje amth*)t of the asset, or the asseys wh ge￿ratIng unit, is estimated aNJ compared to the carryw)8 amounL Where the Cany1￿ amount exceeds Its recover4ble amoun¢ an Impakmertt loss Is reeognlsed in profft or Ios5 unle55 the asset is carried at a revalued amount where the Irfwiment l0s$15 a revaluation Ilecrease. {k) Pravlslons Provisions are recognlsed whenthecharity has an oblytion atthe balance sheet date as a resu￿ of a past event, it is probable that an oufflow of economic beftefrts will be required in settlemenl and the amount can be reliably estimated. Assets acquired uThJerfinance leases are ca&Ntalised and depreciated over the shorter of the lease temi and the expected useful lrfe of the asseL Minimum lease payments are apportooned between the finance tharge and the reduction of the outstanding lease Ilabilty uskng the effeCt￿e Interest Met￿d. The related obligations. net of future finance thar8es. are induded in creditors. Renta15 payable and receivable under operatiw leases are charged to the SOFA on a stralght Ilne basb over the period of the lease. {m) Tax The charity is an exempt charity ￿rythin the meaning of $d￿d￿le 3 of the Charltle5 Art 2011 and Is o)nsldered to pass the tests set out In Paragraph I Sthedule 6 Finan￿ Art 2010 aNI therefore it meets the deflnitlort of a dbaritablecompany for UK cOrp￿￿10n tax purp(raes. In) Golni The finandal ststements have been prepared on a going cO￿•M basi5 a5 the trustees believe that no materlal uncertainties exFSt. The trustees have considered the level of fvnd5 held and the expetted level of income and expenditure for 12 month5 from authorisingthese financial ststements. The bud8eted income ar￿ expenditure Is sufflcient wlth the level of r￿erVeS forthe thartty to be able to continue as a going concern. Pfopwty Income 2024 2023 Commerclal unll Residential unht 4.2 IS,047 4,200 14.510 19.247 1&710 li Tho Askrlgg Foundauon Notes lo the Flnanclal Stat•monts Yur Ended 3111 December 2024 2024 2023 Donailon5 24 No reStrlctlor￿ were applied to the abovedonatTrons. 2024 2023 Dividends Bank intere 204 201 20 234 221 Income from investrnents was £23412023- £221}All of *thtth was attributable to restricted reserves Grwrt Sncom* No grant income was received thring tr￿ve•r. The trustees neither received Thjr waived any remuneration duri￿the year. Internst payable •nd slml¥ 2024 2023 The tharlty 8ank- mort8aie Interest 9.134 8.783 9.134 8.783 12 The Askrlgg Foundatlon Notes to the Flnanclal Statements Year Endgd 31¥t December 2024 C￿rhead & IdN￿l￿￿tratIjft msts 2024 2023 funds Th￿d5 Light & heat Repairs & renèwals Insurance Accountsncy & examlnefs fees Legal & professiond fees Bank charges Mortgage interest Depreciation Sundry 31 325 574 1.376 457 740 85 520 74 427 471 9.134 7,253 17) 9.134 7.253 io 18.61)7 8.783 7,253 136 18.938 210 18.397 Land and bulldin8S Total Cost or v*uatlon: At I"January 2024 Additions Dlsposats 362.624 362,624 At 31" December 2024 361624 362,624 Depreclatlon: At 1$1 January 2024 Char8e for the year Ellmlnated on di5POsa15 At 31$$ December 2024 19.945 7,253 19,945 7.253 27.198 27.198 Net book value.. At 31" December 2024 335A26 335.426 At 311¢ December 2023 342.679 342.679 The Freehold land & bJiklin85. known as Askru Housè. Main Street have been pledsed as security for the mortgage borrowfin8s. The property74vasconverted affordable led hous1￿ which wa5 completed in March 2021. The yoperties have a p05t devdopmént value of £350,000 - £360.000. the value belng dlminlshed by a section 106 local occupancy restrKtM>n. The propertles are I￿ured for a rebulld sum of £1.102.$00 forthe year com￿￿nCIng pl Marth 2025. The Askrlgg Foundatlon Notos to the Flnanc5al Statements Yaar Ended 31* Decemb•r 2024 io Debti>r% 2024 2023 Prepayments 11 In¥estments 2024 2023 Other lnvestrnw￿-CO1F Income Unlts 7.497 7.332 7.497 7,332 The fair value of listed investments is detemiined by the bid prKe at the balance sheet dats. The revalu*ion rnovemwt over the year amounted to an uplift of£165. 2024 2023 Bank mort8a8e Trade ¢redltors cwals Rent re￿b¥ed vi advance 1,788 1.764 1,038 426 L030 3.252 3,192 The mortgage is seuJred by a thar8e over the property ty￿ed by the ¢harlty. 2024 2023 Bank mort8a8• 106.096 107.916 1(*.096 107,916 The mortgage Is secured by a charge the propeity by the chartty. 14 The Askrlgg Foundatlon Notes to the Flnanclal Statoments Year End•d 31•1 Decwnber 2024 Balance at Galns/ 11055esl Balance at 31. December 2024 Income Expendtture Transfers January 2024 Unrestrlrted fvnds Restrlcted bursary knd5 54 175 2.057 1183971 (2101 165 68.846 251.388 19.599 118.6071 165 252.545 escri al Unre#rl¢ted fvnds Unrestrltted are unrestrkted and can be at the Trustee5 discre￿￿ in the furthernnce of the charitles otyertlves. bl fl•51rkt￿ I￿r$￿fvnd The burwy fund5 wve orylnally raised by Makolm Stonestree¢ vkar of Askryg. The funds wwe ralsed to supportvisits to Low Mlll thr￿ bwiies for di5athntaged dmldren. IS Ah•tys15 ofn•t4ss•ts between fwM15 funds 2024 funds 2024 Totsl 2024 Fixed assets Debtors Investments Cash at bank Creditors wtthin one year Credltors after year 281.664 457 53.762 335.426 457 7.497 18,513 13.2521 1106.0%) 7.497 7.587 10,926 13.2521 1106.0961 Total 183.699 68046 252.545 The Askrlgg Foundatlon Notes lo th• Flnanclal Statsments Yèar Ended 311¢ Decemb•r 2024 Unrestricted frjnds 2023 fuDds 2023 Total 2023 Fixed assets Debtors Investments Cash at bank Creditors within one year Creditors aftw one year 288.917 53.762 342,679 7.332 5.7410 7.33Z 12,403 13.1681 1107,9401 6,663 13.1681 11079401 Total Is4￿54 251,388 16 Relat•d party There are no felated party transartions durln8 the period or the cOMparatr￿ period. 16