C￿rity rngistratlon numb•r 1196738 YORKSHIRE CHILDREN'S CHARITY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 YORKSHIRE CHILDREN'S CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Tru8te•¥ MrPPRose MrTHu Ms V8n•s$a Lo• I￿pOinted 19 January 20231 IAppoinled 27 October 20231 (Appointed 10 Moy 20231 Charlty nurnbor la￿738 Prln¢lpal addrKs First Fluof 116-118 Harrooats Ro4d Ch8P8IAllerton Leeds LS74NY Authtor Haigh & Ca Grang• Cott•è* Womer¥ky Oon¢asler ON6 98W Bank•r• Uoyd8 Bank 9 WeNg8te Rotherham S60 2LU SollGlt¢Jr¥ dleshw Goddard LLP 3 SoverevJn Square So￿r￿19n Str Le¢d4 LS14ER YORKSHIRE CHILDREN'S CHARITY CONTENTS Trust¢¢6' report 1-23 $18tomeftt of tru5t￿$, r•$poMibli ities 24 Inde￿ndon1 audrtorfs report 2&27 Statement ol fiTraThcial a￿16&8 28 Balance Sheet 29 Statemènt of ¢a5h Not•8 to the financial 51atemen¢s 3145 yorkshire ( hildren's CharitJ We make things better 14,4 Annual Report 2023 Annual Report 2023 yorkshire C.hildren's LharitJ As Yorkshire Children's Charity heads toward5 our third year, our ambitions continue to grow alongside the Increasingly Yftal need for our work. The percentage of children living in poverty continues to be at its highest level in over 20 years. One in three children live in poverty in Yorkshlre, ¥￿th the highest prevalence of chlldhood disability found amongst the poorest regions. This year, we have worked relentlessly to bulld upon the success of i)ur earlyyears, to reach all four regions of Yorf resilient and in$piring children this year. Floving such a cleor and tonsible misslon meons the impact we nwde Is measurable. quontifioble, ond genuinely meoninsfvlfor ourbenefitittries. MDSt importontly, it Is wholeheortedly needs-led. Whether it's our short. term objective of takins the pressure Dff here ond now through sront.yiviny> or lonser term breakins the cycle of interyenerotionol poverty through eXperIe￿e5. skills and education- we've mode thinss betterfor children in Yorkshire this yeor. . Proyiommes Teom "It's been another incredibl* yeor delivering industry-leodiny fundraising events which reolly break the M￿ld In our sector ond continue to diversify our fvndralsin$ tts d start.up thority. I'm $0 proud of everything the teom has achieved this yeor, and more than anythins, continuouslyhumbled by ourloyol supporter b05e. - Annabel Roblnson, Head of Events "We are o chority thut a5k5 our families whot they need cnd how we Can help) QS opposed to telling them whot It is thut we con deliver. fhis yefjr we have truly been able to deliver upon this premise, diversifying oursupport to adére55 the unique needs of children. From school dentists and winter essenti<71s to doys out, edu¢otionol supplies, speciolist equlpment and wheelchoirs . these ore Just o hoTJdfvl ol the way5 we have been able to make a tonglble dlfference to some of the most vulnerable children In our reyion this yet7f. Chorlotte Forrinston, CEO & Founder On behalf of, The teom. Yorkshire Children's Charity The Headlines yorkshire Lhildren's LharitJ YORKSHIRE CHILDREN'S CHARITY, OUR SECOND YEAR- 2023 £1,177,255 4,492 Children Helped 96 Schools Supported 53 Applications Funded 9,184 Items Delivered Through Winter Campaign £3m Great Yorkshire Build Project Launched 7 Fundraising Events 3 Month5 Unrestricted Reserves Accounted For 7 Members of Staff Report of the Trustee5 . Year Ended 31st December 2023 The tru5tee5 present their report with the financial statements of the charity for the year. The trustees have adopted the provtsions of Accounting and Reporting by Charltles: Statement of Recommended Practice applicable to charitie5 in accordance with the Finanaal Reporting Standard atplicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019). Objectlves and Activities The Trustees can confimi we have had regard to the Charity Commission's guidance on public benefit. Our Purpose Yorkshire Children's Charity T5 a dynamlc and di5ruptlve emerglng charity, W1th an exceptionally experienced tearn, coupled wth unparalleled drive. energy and enthusiasm, we delTver truly innovative, ouicome-focused inltiative5 that break the mould in our sector. Through our programme5, we aim to make sure no child or young person in Yorksh7re is left behind due to Tll health, disabllity or financial drcumstance. and we wlll not stop until we Succeed. The purposes (also known as 'objects'> of the Charlty are for publle beneflt: The relief of finanthal hardshlp amongst children and young people. The advancement of education amongst children and young people. The relief of slckness and the promotion of health amongst children and young people who are physically or othemse disadvantaged. and who reside permanently or temporarily in Yorkshire or the North of England or, in theTrustees' opinion. have strong connecti(¥15 wlth these areas. Our work is e55ential. The Iwel of child poverty in Yothshire and Humber is shameful, with over one third of our chlldren now Ilvlng In poverty, A5 a regTon we are fallin8 the very people who rely on us to protect them. ¢￿er the past eight year5, child poverty in YoTk5hire and the Humber has rtsen by 6%, the second biggest hike in the country (End Child Poverty CoalTtion, 20221. Our child poverty rate now stands at the highest it ha5 been slnce 200012001 IAII Party Partiamentary Grouptr 20231. Crucially, our chlldren with Spedal Educational Needs and Disabilities {SEND) are significantly mole likely to grow up in poverty than their non-dlsabled peers. Of the pupils eligible for free school meals in England, almost a third are Identified as having SEND lThe Centre for Educatlon & Youth, 20161. This situation 15 inde1￿51bIe. We pa55ionately belleye that Interventlon is the only way to break the cycle of intergenerational poverty In our region, so not only our chlldren, but their children, have the chance at a falr and fulfilling Ilfe. Thls Is exactly why Yorkshire Children's Charity ￿Sts. Strategies for Achieving Aims and Objectives jorkshire -.hildren's L haritJ Yorkshire Children'5 Charity have developed a two.pronged strategyfor achieving our objects, defined by: Short term aims and objective5 - through our grant giving programmes, we immed?ately improve the lives of children and famS1ies suffering from the hardshTP of poverty and disabillty. Long term alms and obJectlves - through our project work, we alm to break the intergenerational cyde of poverty. Our initiatives focus on education, employability and ski115 building> breaking down barriers to cyportunity and self-belief. The waywe have designed our operatt.onal model and approach allow5 US to dellver agalnst these oblectfves. 'When you're in areas that aren't shoutins from the rooftop about the deprivation, you need someone that will love those children like you do - and Charlotte andher team will never sive up" - Fioi?a, Heodteacher We Thlnk Differently Most charities are founded very adm7rably due to personal 1055. trauma or individual experience5. Rather unusually, Yorkshlre Children's Charfty was founded on a realisation that there is a crltical need and opportunlty to do thlngs dlfferently in the thlrd sector. To.. Be commercially mlnded - our team have a lar8ely corporate, commercially focused background. Meaning we understand the way buslnesses thlnk and what it takes to Bet a business to buy into our vision, leveraging their sooal impact for the benefit of our beneficiaries. 8e proactively tran5parent- it is important to U5 that our supporters know exattly vthere their money is beir spent. Our fundraising model allows us to make a commltment to our sijpporters that 11Kl% of all pledges donation5 made at fundra151ng event5, from corporate partnerships and Trusts & Foundations, go directly towards supporting our children and young people. Be relationshTPS-focu5ed- we have built an extensive. unrivalled network across Yorkshire's business leaders, notably wtthin the Yorkshlre Property Sector, and we never take those relatlonshlps for granted. Be innovative- from our bespoke, online grant application process to new. never-been-done programmes. we pride ourselves on thIn￿ng outslde of the box and we are never afraTd to try something new. Be operationally sleek - we are a small. ¢Jynamic and solutlon5 focused team who take a hands-on approach to fundraising. Our governance model purtx)sefully remove5 red tape and subJectivlty. enabling progress to made quickly. effectively and compliantly, with a clear focug on the outcome for our children and young people. Be bold - we are a hugely ambltlous team with bl8 plans. Our mission 15 too important lo be anything other, There Is a fight ahead of us, but we owe It to our children and young people to be courageous. We Work Differently Yorkshire Children's Charity IS the only charity in our region delivering such a comprehensive programme of interventlons wortlng across both child PM)verty and di5ability> and across the breadth of Yorkshlre. We pride ourselveg on our reach. from our rural towns and villages rlght through to our Inner cities. This overarchiry and intersertional view of disatfvantage and deprivation is crucial in such a culturally. ￿￿1ally, and geographically diverse regTon ITke Yorkshire. Main Activities Undertaken in Relation to our Purpose for the Public Benefit "10rk5hire Qhildren's Short Term: Making Things Better via Grant-Giving Yorkshire Chlldren's Charity run a range of critical grant glving programmes and campaigns as a quick and effective solution to the immediate challenges faced by disabled and dlsadvantaged chTldren, young people and their familie5 across our region. Our grants address the immediate hardships aSK￿lated vrith poverty andlor dlsability e.g*) Inablllty to buy essentials such as school shoes, I￿nter coat5 and unTforn), or restrictToll5 to independence owin8 to a lack of appropriate speaa175t equipment or wheelchair5, 9 chilthen in a da55room of 30 ale Ilving In w)verty intheu As such, the differences we seek to make through our short-term grant actlvitles are to improve the immedlate develop¥nent, comfort. Independence and happSness of thlldren and their families. • • • & • We are a charity firmly f￿USed on outc(Knes and whether the child's needs have been met qulckly, effectively and responsTvely. It does not matter whether it is prt*uring a piece of e0L￿pment we commonly fund. or something completely new. we I￿11 do it if we are confldent that it meets the key Success crfteria. Our grant5 and programmes are all managed by 1 Programmes Manaqer role. with Support from the widerteam and volunteer5 when required. Grant5 for Individuals The right equipment, from speaallst bath5, holsts. toilet seat5 to car seats and sen50ry equipment. are vital to empowertng a child with additional needs to feel more comfortable and confident. They are a150 essential for their famllylcarers to provide safe and effective care - improving quality of life for all. Sensory equlpment for children and young people with leaming difficulties and anxiety dlsorders 15 an essentlal aspect of their development. Grants for Wheelchairs We part or fully fund wheeld)airs that would othetvAse be unavailable through the local authority or family- funded routes. From manual to powered chairs, beach, sports to all-terrain. a wheelchair Is a Ilfechanging piece of equlprnent. It allows a child or young person the independence and opportunity to Ilve thelr Ilfe to the fullest, engage ￿th people and the world around thtyn and therefore see significant physlcal and ma)tal benefits. This includes the rellef of c(Mnmon problems SLKh a5 pre55ure sores, breathing difficulties and the progression of disabilltie5. yorkshire Children's LharitJ Helping Hand for Families Grants Even when our familie5 are trying their very best, sometimes their best IS just not enough. The cost-of-liwng CriSTS continues to put unimaqinable pressure on famllles trylng to cover both the niceties and neces51tie5 that come with havlng chlldren. This 15 hawng severe implications on the health, happlness and wellbeing of chTldren. Children and adults living in hou5ehold5 in the lowest 2(Y% irKome bracket in Great Britain are two to three times more likely to develop mental health problems than those in the highest Ihiarmot Review 2010}. Evldence from the Mental Health of Children and Young People in Enqland 2022 survey found 1 in 5119.9%17- ttr16-year-olds Ilved In households that experienced a reduction in household income in the previous year, Thi5 was more than 1 in 4128.6%) among children with a probable mental disorder, a charityj we purposefully set our fundlng model up to enable u5 to be agile and responsive to the changing and unpredictable societal pressures which disproportionately impact our famili￿. Our Helping Hand for Families grants, offering funding up to £2CKI per thild ￿thin 24hrs of recelwng an applicatlon, Is one way we do thi5. These grants exist quite simply to relleve pressure on familie5 when they need it most, from fundlng the baslcs such as 4rfnter coat5 and new school Sh￿ to little munents of joy such as days out, t¢)ys and play facilities. Sometime5 the smallest things in life can make the biggest difference. "When you feel like you've sot nothing, to be given a little bit of somethins it goes such a Ions way as a family. If I'm honest, we didn't think that we needed support, probably my stubbornness. But we all need support at them difficult times, we can all help other people, sometimes we just need to know why we're helpins and what difference it truly makes. Honestly) we can't thank you guys enough" . Adom, Purent Under the banner of Helping Hand for Families we also deliver: Winter Support Campalgn - a campalgn to pro￿de practlcal support to families at Christmas time with the greatest level of need. Teachers acr055 our School Network nominate familles to be the recipient5 Of the ampai8n, who are assessed on a points scale against: How likely it IS the family can provide fcmxl at Christmas. How likely it is the family can provide presents for the child and any siblings at Christma5. How likely il is the thTldren's basic need5 are beln8 met Ibedslclothes/shoes/healthl, Wlth the help of the school. eligible famTlles complete an Amazon wlsh Ilst for each child, up to the value of £1￿) for Christmas presents. Easter Campalgn - thls campal8n Invltes indlvlduals and organisations across Yorkshire to donate Easter Egg5. which are distributed across nurserles and prtmary schools In area5 of disadvantage. An Easter Egg may not seem like much, but forthose thildren who may never have one. it provide5 a real moment of joy. °iorkshire children's ( haritJ Grants for Schools & Organisations Funding is available for organlsations 7ncluding Schools, nurseries, youth clubs. sports clubs, self-help groups and voluntary oreanisations who play a critical role in helping to shape Values, set trxpectatlons. and act as a vital support network for young people and their families. Grants of up to £10,000 are gifted, ranging frc4Tr help equipment and resource5 through to the deilvery of specific projects. Or In other words, thi5 15 our 5UPPOrt for the supportersl Long Term - Breaking the Cycle of Intergeneratlonal Poverty through Intervention Our short-term objectives and activities are underpTnned by a longer-term objective - breaking the cycle of childhwd poverty in Yotkshire. Poverty is linked to a number of poorer outcomes (Royal College of Paedlatrics and Chlld Health 20211: Poor physlcal health, Tnclu(ling chronlc conditions and obesity. Mental health problems. Experience5 of stlgma and bullying. Academlc underachievement. Employment barriers. Soaal deprivatlonlexclu5ion. As such. the1$5ue5 our programmes seek to tackle are: Barriers lo opportunity, Barrters to skills. Barriers to self.belief. These barriers hold dlsadvantaged, deprfved and dlsabled chlldren and young people back from being who they want to be and getting to where they want to go. The changeldifference we seek to make through our InteThention-based programmes is simple- lo ensure all of Yorkshlrds thildren and young people are given a falr thance. That is, the chance to live a happy* fulfllllng life full of opportunltles, where they do not fall through the gaps owins to thelr health, disabilityTr soaal or flnancial circumstance. To drive delivery of thi5 objective, we run a range of innovatlve and dynamic inteNention-ba5ed programmes focused on educatlon, employability and skills bulldlng. These are currently being managed, alongside grants. by l￿E Programmes Manager. with support from the v￿der team and volunteers when required. The Great Yorkshire Build '"10rkshire i hildren's l.haritJ The Great Yorkshire Buld is a unique initiative bringing together the private and third sector in a on&of-a- kind partnership to refresh and r￿energISe Special Educational Needs and Disabilit?es ISENDI faalities acr05S Yorkshire. Right rK)w, children in SEND schools are belng systemlcally falled. Specialist schools are hugely oversubscribed and underfunded. A5 a result, their faalities and resources are oyercrowded, outdated arKi entTrely Insuffldent. According to the recent BBC SEND Help documentary IFebruary 20231, 52% of SEND schools are over5ub5cribed in England. wth 32,174 more pup115 attendlng SEND schools now, than there were five years ago. Yorkshire Chlldren's Charity identify and assess the needs of local SEND schools who are brought to our attention across the region. We then leverage our ties to the Yorkshire Property Sector to launch a re-bulld project based on the School's unique needs. From design right through to build execution, the commercial and residential property sector donate their time, skills, materlals and supply chains entirely pro-bono. Thi5 include5 building contractor5, methanical and electrtcal engineering and demolition through to professional semces such as architects, quantity SU￿eY0rs and project manager5. Yorkshire Children's Charity act as a br(A(er between the contractors/ project team and the school. whcs enter Into a legally enforceable cffltrartual arrangement to undertake the works. The 2023 Great Yorkshire BuTld project at Maltby Hilltop SND School In Rotherham, when completed, wll equate to approximately a £3m build, with the charitie5 input restritted to providing vital equipment for the newly built faalities, 5LKh ￿ 5en5ory equipment. reb)und trampollnes and play equipment. Success criteria: QuantTtative - 1 LKI% of children should be able to have thelr full, legal Education Health and Care Plan (EHCP) met vrithin the schoot Qualltatlve - posltlve Verbal feedback from: Teaching staff Parents Pupils Qua11tatlve - posltive non-vert)al feedback: Engagement and stimulation of pupils with fac71itie5 and equipment e.g. dapping to indicate recognitlon of cause and effect in the 5en50ry room. le and Resources: The Great Yorkshire Build is a huge undertaking and typically equates to a £3m bulld when completed, delfvered over a year, with all time, resources, materials and workforce donated pro-bono by generous suppliers. This includes Constructlon, Quantlty Surveyors, Architerts, Landscape Architecture, Mechanic and Electrical Semces, Civil and Strurtural Engineers. Demolition, Project Manager5, Brandin4 and Visuals, WOt*ing across the full design, bulld and asset management cycle. The only cost lo Yorkshire Children's Chamty In 2023 Is the involvement of our Programmes Manager11 working acros5 all grant5 and pro8rammes, with support from the wider team and vdunteers when needed) and arca. E37k of equipment and classroom packs e.g., trampoline5, sensory equipment. Schools Out xorkshire I. hildren's L haritJ Our Schoo15 Out programme provide5 a series of events run for one slmple purpose- to create a carefree day for hildren where, even if just for a moment, they have no worries. Research suggests POSltiYe experiences durfng key 'sensitfve perlods. of early childhood and adolescemce help build healthy brains Ishonkoff et al, 2015). Indeed, most of us were fortunate enough to have key moments In chlldhood which we now hold as treasured memories. That is exactly what our Schoo15 Out events are designed to create. They range from educatlonal event5 through to Christmas parties and éay5 Out on the fami, enabling children to engage in the world arwnd them, seein8 and experiencing things they may not otherwise get a Chan￿ to. Some of our Inner-city childrer attendlng Schoo15 Out events had never even been on a bus or seen farm animals before, sometimes never leaving the confines of the estates they grow up in. One Ilttle boysaid it was "the best day ol my life. Success crlteria: Qualltative - positlve verbal feedback from: Teachin8 Staff Parents Pupils Volunteers Qualltative- positive non-verbal feedback- how engaged the children are on the day and wtth the various activities. Scale and resourrc5.' Schools Out events are one day events which typically cater to 5C4) children per event and cost the charity an average of £8,OW.E9,(110 to deliver. They are organised by our Programmes Manager11 FtE working across all grants and programmes, with support from the wider team and volunteer5 when needed) and are supwrted on the day by the full Yorkshlre Children's Charity Team and a group of up lo 20 volunteers. "As the children left, l asked if they had a nice day. They'd all loved it, and one girl said to me it was the best day of her life, which put a huge smile on my facel" _ Jude. Volunteer "It's a privilege to work with YCC. Helprng ot Chrlstmas is a humblTns experience but so very rewarding. The whole team at YCC work incredibly hard thus enoblins them to make a real d7fference to children's lives, which l am lucky enough to have witnessed first-handl" Brldyet, Volunteer Yorkshire Children'5 Charity have developed an extenslve network of schoo15 across the region who, based on deprfvation data incluiling pupil premium percentage. are core benefrciaries of our work. Schools wlthln thTS network are given the opportunity to beneflt from our varied campalgns, including the Wlnter and Easter campaigns, Schools Out event and varfous Inltiatives that take place throughout the year. success criteria". We measure success of our school network by: % of eligible schools in regional area engaged INorth. East, South, We5tl. Whether the schools engaged have had thelr needs met by the charity- these are commonly bespoke and distinctly school specific. Scale and Re50urces.' The School Network programme Is managed and overseen by our Programmes Manager [l￿E working across all grants and programmes, wth support from the wider team and volunteers when needed). Yorkshires. Young Entrepreneur Challenge '10rkshire Children's CharitJ Teams of year 10 students from some of the m95t disadvantaged schools across Yorkshlre are Oven a £250 buslness grant to Invest In a money-maklng concept. Thi5 challenge sees the students take on roles from Managing Director to Finance Director, to handle the design, creation, marketing and sale5 of their innovative produd. The initiative provides the students wlth the c(￿fIdenCe and Inspiratlon to want to become entrepreneurs, business owner5 or leaders of the future, whilst teaching them the buslness acumen and Interpersonal skllls crucial for the?r future employabTlity. Each team is sponsored and supported by a Yorf(shire business mentorwho provides guidance and direction throughout the challenge, and who becomes a lone-term contact for support with future wot1( experience and apprentlceshlp opportunltle5. All funds raised by the students throughout the challenge go towards buying vital equipment for children with disabilities. This prowdes young people, who have themselves been on the receiving end of the charity. with the opportunity to experfence what It feels Ilke to make a tangible dlfference to someone else's Ilfe. Success criterTa: Quantltatlve: Number of students who take part. Number of mentors from supporting companies who take part. Number of student5 who go on to complete work experience placements wth mentor company. Number of mentorslcompanles who want to get involved ￿th the initiative in the next year. Qualitative: Positive feedback from teachers, students and mentor5. Scale and Resource5: the scheme requires the input of a bu5ine55 mentor for 1 5e5sion a week across 8 weeks. in addition to the launch and judging day. Supervision from school teaching staff is required throughout the sessTons. The programme is run by our Programmes Manager11 FfE worl(ing across all grants and programmes, with support from the wlder team and volunteers when needed) and costs to the charity are a maximum of £500 per programme for food and equlpment, as busille5s mentor5 donate the £250 seed money required for each team's start-up. Grant-making Grant making forn15 a material part of Yorkshire Children's Charity activities. We provide grants under our short term aims and objettlves. As detailed above. our grants are designed to relieve the immediate challenges faced by those SLrfferlng from flnancial hardship, disadvantage and disability, In summary, these include: ants for IndiYlduals- to fund specialist equipment such as hoists. sensory equipment and specialist car seats, which support improved confldence. IrKtependence and engagement in the wider wortd. Grants for Wheelchalrs - to fund the provision of wheelchairs including manual, powered, sports and all terrain. to improve independence for our children and young people and to reduce common problems such a5 pressure sores, breathing difficulties and the aifvancement of disabilities. Helplng Hand for Famllles - to fund both the nlcetles and the nece551ties that come with havtng chlldren, from essentials ITke school shoe5. unlfomi, beddlng and duvets to Christmaslbirthday presents and memorable days out. Grants for Schools and Organlsafjon$- to fund equipment for schoo15 including sports equipment, sensory gardens/rooms, and for community projects including equipment for youth clubs to support organlsatlons which play a part in the development and empowerment of chlldren and young people. ,orkshire I hildren's LharitJ Our Grant hlaking Policy sets oul cleai eligibility crlteria.. Grants for IndividualslGrants forvlheelch￿r5 {subJert but not limlted to a defined equlpment cap based on market analysls): Aged 19 or under. Resides in Yorkshire region or the North of England lor has significant connection wtth these areas). Has a disability or long-term health condition. Part of a household ￿th an annual income of les5 than E100k. Has not received funding from Yorkshire Children's Chartty in the last 18 monihs. Appllcation 15 SUPPOrted by a letter of recommendatlon from a doctor, healthcare worker or cKcupational therapist. Helping Hand for Familles {up to a maxlmum of £200 per chlld}: Aged 19 or under. Resides in Yorkshire region or the North of England {or has significant t￿neCtiOn vrith these areas}. Forms part of a hLxJsehold in receipt of Universal Credit or Child Tax Credit5. Grants for Schools and Or8anisations {up to a maximum of £10,0001: The school/organisation exists to benefit thildren and young people aged 19 or under. Reside5 in Yorkshire re4ion or the t4orth of England lor ha5 Significant connection with these areas). Has an income of less that £IW,000 lonly applicable to registered charities). Does not employ a professional fundraiser. Ha5 not received funding from the tharity in the last 18 months. Yorkshire Children's Charity are proud to have developed a bespoke points-based onllne appllcatlon proc which allows for a fair and objective analysis of circumstance. Applications for children and young people who have a life limiting condition ￿11 take priority. We seek external specialist advice from healthcare professionals, teachers and occupational therapists for all applications. Should requests for equlpment and wheelchalrs exceed our deflned cap Irevlewed annually against market C05tl, we liaise with the family to find a suitable altemative. approve the Original request. part fund to the value of the cap or declTne the application. Individual and organi5ational grants are funded in order of receipt and urgency. Volunteers Our volunteers are integral to the delivery of our work and are involved in all aspect5 of the organisation - we would not be able to do what we do without them. We encoura8e our volunteers to GO MAD IGO Out and Make A Dffferencel l. Volunteers slgnlflcantly enhance the capaclty of our seThlces, the runnlng of the charity and the delivery of fundraising events. We take our responsibilities to our volunteers very seriously. ensuring appropriate Induction, training, risk assetsment and risk management. Volunteer5 also have access to a dedicated Volunteer Handbook. Achievements and Performance '10rk5hire Children's I haritJ Summary Yorkshjre Children's Charlty has had an outstanding second year, raising £1.177.255- generated through a combination of corporate sponsorship, individual donor5, Gift In Klnd, fundraising events and Tnjste & Foundations. ThTS allowed u5 to.. Support 4.492 children and their families. Support 96 schools. Launch our second Great Yorkshire Build at Maltby Hllltop SND School in Rotherham. Fund 53 grant application5. Deliver 9,184 items through our Winter Campaign. Make 7.351 Easter Egg éellveries. Run 6 khools Out events for approximately 3,CQO chlldren. From a fundraising perspectlve: Delivered 7 fundraisTng events, planned, run and delivered by Yorkshire Chiltjren's Charfty. A number of external 5UPPQrters chose to raise funds for Yorkshire Children'5 Charlty al their events/initiatives. Secured pro-bono support f¢x the £3m Great Yorkshire BuTId. Fr￿ an operational perspective: Recruited a Trusts & Foundations Manager and a Marketing Manager (both FfE} to achieveyear Two objectives. Established robust compliance procedures across all aspects of Health and Safety and governance. Accrued 3 month5 re5erYes. Our flrst year focussed on establish7ng the foundat?ons of a strong, rellable, resilient and sustainable charity. Year two fKussed on the marketing of the charity, diversifying our income streams through Trusts & FoundatiL¥ts, and Investing in the team. There is no doubt year two was challenging. As good reporting provides a balan￿d wew of success and fallures, it IS Tmportant to note that whilst productivity was evidently Incredibly high, this had a 5ignificar)t impact on our small team's morale and welfare. These challenges have been addressed in our third year of operatlng ty implementlng more robust processes and expanding the team to allow more 5UStainable operations. Performance Against Activities Fundraising .4orkshire ( hildren's (_haritJ Yorkshlre Chlldren's Charity doe5 not receive ststutory or government funding of any kind and is therefore entirely rellant on voluntary funding frr)m our kind, generous and varfed supporters. Fundraising in our second year has been prlmarlly events-led. however, we have put a key focus on diversifying our fundraising Streams. We have done thls through applyÉng to Trusts & Foundations and securlng corporate Partne￿hip5. The events team are very experienced and well connected in the region which has resulted in an exceptlonally strone event portfolio.. The Yorkshlres. 8u5ine$5 Awards - an opportunlty to celebrate and recognise Yorkshire businesses, from the start-ups and entrepreneurs through to Industry glants and leaders. Ticket sales & sponsorship: £54.030 Donatlons at event.. £121,731 Yorkshire Clay Shoot- bringlng together shi)otln8 enthuslasts from across the re¥lon to test thelr skllls agalnst friends and colleagues whllst ralslng money for our beneficiaries. Ticket sales & sponsorship: £66,338 Donation5 at event: £16,685 The Yorkshire5. Commerclal Real Estate Awards - celebrating all things excellent in the Yorkshlre commercial property sector. Including the opportunlty for suppllers across the reglon to network wbth 10CKI peers. Ticket sales & sponsorshlp: £213,020 Donations at event: £70,305 Yorkshlre Ladles Lunch- brtnglng the phllanthroplc women of Yorkshire together for a day of fun, flzz and fundralslng In ald of our children and youn8 people. Ticket sale5 & spon5or5hip.' £5,885 Donations at event: £11,413 York5hlre Rlde 'Owt - Guests wlll enjoy tea and coffee wlthln the beautlful grounds of Grantley Hall before settlng off on a rlde 'owt across Yorkshlre, wlth a lunch stop en route. Return to C*antley Hall. marvel at a spertacular motorblke display and tuck Into a gourmet BBQ to conclude the day. Tlcket sales & sp￿nS0r5h7p. £8.820 ations at event: £6,967 Yorkshlre Polo- a dellghtful day at the 5tunnin8 Allerton Park. After a delldous lunch In the marquee. get ready for two exhllarating polo matche5 that will keep your heart racln8 and provfde thrilling entertainment. Ticket sales & sponsorshlp.. £39.652 Donatlons at event: E20.928 The Yorkshires. Residentlal Real Estate Awards- celebrating all thiny excellent In the Yorkshlre residential real estate sector, Includlng the opportunlty to netWOrk￿th 700 peers. Tlcket sales & sponsorship: £109,250 Donations at event: E26.139 Performance Against Activities Grants iorkshire -hildren's CharitJ To secure the wabi17ty and 5U5tainabllity of the charity and ensure demand could be appropdately met. we made a consciou5 decision to allow grant giving to grow organically In Year One, and we chose to continue thTS into Year Two. Ultimately, a more conservative approach to grant w'ving ensured we were able to continue flnding all eligible requests, Whilst atso expanding other areas of wr charitable output. Wh115t grants contlnued to grow organically in our second year, we have still funded urgent, critical and life thanging equipment and support for numerous children and young people across the region. For children with spectal educati￿7a( need5 and di5abilitie5, wheelchalrs. sensory and sptYiali5t equipment have had a proven Impact on quality of life: Supported the development of children and young people. Enhanced the Independence and confidence of children, youn8 people and their famllleslcarers. Increased the happiness and engagement of children and young people. Increased the comfort and ablllty to manage the impacts and challenge5 of various conditions. "One completed form and 3 weeks later we were so happy to receive a new mattress for our son. One of the odded difficulties in a circumstance like ours is that items needed for our little omazins people can sometimes be on the costlier side, so if help can be obtoined like thi5 It is a some chonser for so many reasons. . Altsm 'We con't thank you and the charity enough for providing fundins for thi5 specidlist pushchdir. We have mony hospital appointment5 coming up for him and this will make things o lot easier setting to ond from oppointments and he will a150 be a lot more comfortable. ' . Mum "I would like to soy o big thank you to your charity for buying my son hls bed. He 15 very happy with the item and my son will be sleepins in his new bed tonight now we hove G mottress and is very excited, This has made a huge difference to our lives as I hove been sharing my bed with h7m for G year and o half as we have been woiting for o disabled focilities srant for o bedroom. . Mtim Performance Against Activities The Great Yorkshire Build 'iorkshire . hildren's CharitJ The Great Yorkshlre Bulld. hlaltby Hilltop SND School, Rotherham Yorkshire Children's Charity secured circa. £557k pro-bono support from across the Yorkshlre property sector in 2023 to begin the Great Yorkshire Build at Maltby Hilltop SND School in Rotherham. When complete, and with ad(litional sUPPOrt to be secured in 2024. this £3m project will dellver: A bespoke rebound therapy facillty. A complete reconfiguration of the school. Three new classroom5, Provision5 for key learnlnq equipment. Thi5 Great Yorkshlre Build ￿11 change the live5 of appr0￿matelY 135 students Curr￿tlY at the schcK)I, and for generations to come. In year two. we also recnrtted a Great Yorkshire Build development board who are responsible for the due d1118en￿ and driving the initiative f(￿Ward. 'Its a dream come true. we can finally be excited about the bulldln% - Ilke we are about the whole school. Dreams sometimes don't come true because they're just what we hope and dream for but kid5 the exctting news is some of our dreams are aty)ut to come true. Il's shameful to say that some of the basics aren't there. Some of the classrooms don't have running water, some dassrooms. adequate ventllatlon. adequate light. This 15 sixnething blg, thls Is something life changing because things like that they don't happen. .tW don't happen to us. But this is going to happen. So. our kids get on wlth It because they know no better It sounds awful. but they don't, 50 they accept Tt. So, we're going to give them sixnething that they deserye. Thls is our chance to gTve them s￿lethIng amazlng. These kids need it, these kids deserve it, and with your help, they're goins to set it. - Rob. Headleocher. Maltby Hilltop Performance Against Activities Yorkshires. Young Entrepreneur Challenge Xork5hire rhildren's CharitJ The Yorkshires. Youn8 Entrepreneur Challengewa5 exceptionally wetl recelved by the young particlpants and professlonal mentors alTke. Reported impacts Included: Development of new skllls and discoyery of existlng s￿liSetS and talents. including communicatlon, tteativity. teamwork and relationship bjlldlng. Improved confldence, 5elf-beiief and self-esteem in the young partldpants. The opportunity to experlencewhal it feels like to 'make money,, The opportunity lo experience whai il feels Ilke lo make a tangible difference to someone else's lrfe. The mentorshlp role was an invaluable ¢¥)POrtunity for the young people to build a lon8.term professional relatI￿Ship that would go on to benefft them in the future. Notably. one student secured a one-week work experience placement at Potterspace through her teafft mentor. She shadowed the Office Manager on.site, taklng part In.. Managing office supplles Admini5tratlve work on Excel Processing expenses for the Managlng Dlrector Attending meetings the team Alongside practising skills including organlsation, attention to detail and prlorltlsatlon, the student crucially got to experience the softer skills required in an office a)vironment including commun7cati¢J) and relationship building with team members. Beneftts to Society as a Whole Our existence and the Impact of our programme5 continues to have a positlve benefit on wider kKiety as a whcle. Early Intervention ha5 a proven posltlve Impact on the future health, wellbeing, education and employability outcomes of a chlld. By foc￿1n8 100% of our efforts on thildren and young people across Yorkshire. we will make a difference for generations to come, with these children growing up to be healthier. happler adults able to reath their full potential and aspirations. Thls approach, focused on giving children and young people the best start in life, will positively impact our., Health servfces - proactive health promotfon and intervention which enhances chlld development and well- belng reduce5 long term pressure on our already struggling NHS primary and secondary care service5. Educatlonal outcomes - giving children and young people the tools ané materlals they need to engage with their educatlon and running programme5 which help them bulld skTlls get the most out of sthocl opportunities vlll drlve improved educational attalnment. Employment outcomes - children and young people who are given the chance to break down barrier5 to opportunity, skills and self-confTdence become well-rounde(i, confident and comwent employment prospectswho aredriven to lead, innovate and develop. Economlc prosperlty- treating engaged and inspired young people for our job market mean5 our communities, local businesses and economie5 become more productlve and prosperous. Communltles - happier and healthier chlldren and young people, and familles who feel supported will create and maintaln resilient, safer. and better-connected communities for us all to live in, with lower crime rates. Impacting Factors orkshire Children's ( harity A number of positive factor5 both wthin and outside the charfty's control have affected the achievement of Yorkshlre Children's Charity's objectives. Notably: Support network - our work has only been possible thanks to the incredlbly generous contribution of our benefartor5, donors, sponsors and volunteers. We've been oveNhelmed by the level of support recelved by our network of supporters. Special recognition goes to the Yorkshire Property Sector, who haye been a friend to our cause from the very beginning and remain the key reason we are able to dellver to the scale and scope we do. especiallywith our Great Yorkshlre Bulld. Despite highlighting the critical Importan￿ of diversif￿n8 our income stream for the finandal health of Yorkshire Children s Charlty, progress on this objective wa5 stilted dLJe to the lack of a set of accounts untll halfway through theyear. This delayed our application to Trust & Foundation5. A5 a small charity. we know that securing Trusts Foundation5 support was a sl8nlflcant Step In movln8 our fundralsin8 Strategy forward and, crucially) ensuring stabilityin our funding to execute our long-term objectives. While we faced delays. we are endlng the year wtth str￿g relationships with both Trusts & FOU￿lationS and corporate partnerships. We feel confident that we can continue to diversTfy our incorne stream In Year Three" this vrill contlnue to be a prlority as donors fed the increasing pres5ure5 of the ongoing cost.of.living crisis. Regarding other negative factors impacting our ability to achieve objectives, Yorl(shire Children'5 Charity ha5 struggled vrith the sustainability of the workload placed on our small team. In our inaugural year we sald yes to any - and all - opportunltles whlch came our way, however we understand that this attitude must evolve to reflect the output we can realistically deliver internally. Although our team has grown to seven members, the charity's worf(load has also increased significantly> to the detriment of the team's work-life balance. As we enter our third year, we will ensure a robust framework of support is in place for both new and exlstln8 Staff members. Financial Review °iorkshire -hildren's haritJ The financlal statements set out below cover the activities of Yorkshlre Chlldren's Charlty. The charity generated incoming re50urce5 of £1,177,255. Donation5 received totalled £592,146 whlch wa5 primarTIy raised at FundraTsing events whlch generated other income of £585,109. During the period, expen(liture on Charitable actlvltles totalled £1,195,840 of vA)Ich £132.416 retates to the dlrect charitable expenditure on the Great Yorkshire Bulld, £49,288 for equipment, £40,175 fur the Helping Hand actlvity, £262,332 for the School Network and £91,358 for the Schools Out actiwty. The charity also incurred fundraising endItU￿ of £620,271 In the period. Financial Position and Reserves Policy Yor1￿lre Children's Charity retain unrestricted reseNes to allow us lo meet any ongolng commitments and bridge any unpredictable or unforeseen gapg between the spenéing and receiving of income. In 2022. the Chief Executfve Officer and Trustee5 Set a target for unrestricted re5erYes of 6 months of forecast (yerating and admlnlstratfve Costs by the end of 2022, equating to circa £85.OCQ. This target was achieved. However, In year two,they took the decision to reduce this to 3 months of reserves as they didn't feel comfortable being sat on so muchrnoney* when there is such a need for help. Unrestricted reserves are mDnltored quarterly by the Tru5tee5 and if addltTonal funds are requlred. the Yorf(shlre Children's Charity team wlll do further fundraising to meet thts. During the charity's second year of trading, the charity ma¢Ye a small defldt In the year of £18,585. ThTS cc*mpMse of a larger defidt to the unrestAcied fund5 of £139,012 ,and a surplus to the restricted funds of £120,427. However, as the charity ende(J year one in such a healthy position the charity held total fund5 of £527,084 of which £321,542 were unrestricted and £205,542 re5trirted. The £321,542 of unrestricted funds more than cover the 3 months of operating and admini5tratfve costs to be kept as reserve5 as stated above. Principal Risks and Uncertainties A descrSption of the principal rfsks and uncertainties facing the charftyj as Identlfied by the tharlty trustees, logetherwith a summary of plans and strategie5 for rnanaglng those rlsks aredetailed In the table below. Risk Description Mitigation RISK 1: Income and Financial Stablllty The charity doe5 not maintain adequate restricted We maintaln effectlve financial controls and reportlng arx and unrestricted Income to cover operational regularly stress test cashflow against events not going costs, fund grants and maintain cashflow. ahead. Ticket sales and sponsorship from our fundralsing events are deslgned to raise sufficient incoffle (not 7ncluding donation5} to cover event delivery costs and the charlty's operational costs for one year. Lockdowns and cancelled events Terms and Conditions all cover event canceilatlon Reliance on our Chief Operatlng Ofllcer a5 the 'face' of the charity Bulld a str￿g marketing campalgn for the charfty to increase brand awarene5S. Acceptance of onerous contracts and condTtions and inadequate back-to-back contracts with subcontractors Implement robust contract vetting processes. Charity peer5 runnlng competltlve slgnlflcant fundraising campalgns •DeLiver events in untappedlunderserved markets .Map donors to peer campaign5 and build relatitx)ships. .Continue to review event5 and ask for Input from sponsorslcommittees/attendees to ensure we are meetin8/exceedlng expectations. Risk Descrlptlon RISK 2: Data Protectlon and Compliance Mitigation External data breath or Ina¢fvertent Tnternal error resulting In the accidental or unlawful destruction, 1055, alteration, unauthorised Implement effectlve GDPR poilcy and proce55. Embed a no-blame reportlng culture. Deliver refresher GDPR staff training. RISK 3: Governance Inappropdate organisational structure and lad( of appropriate Trustee skills. Take time to recruit Trustees- ¢Jsality over quantity, Recruit based on skSlls. values and alignment wth charity vision. mi55ion and passion. Ensure Trustees have appropriate Trustee inductlon and tralnln4. The charlty not achieving strateglc, charitable, regulatory and ethical objerts due to inadequate 8ovemance at Trustee, CEO and operatlonal levels A robust bu5ine5s plan in place, agreed by all partle5. which Includes clear articulati(￿ of the charitles scope of operat70ns and objectlves. Regular Trustees and Team Meetings reportin8 on key performance measure5, risks and mltlgations. An independent audlt to include trustee performance to be completed. RISK 4: Regulatory The charlty fails to comply with regulatory standards and compliance leading to financial penalties. Annual external audlt to be completed. Robust financial planning and check5 in place. Robust operat?onal policy, process and standard operating procedures In place. RISK 5: Reputational A range of occurrences inclL¥Jing Inddents, events and outcomes that may. as a regjlt, darnage the charity's reputation. Social media quideiines to be established. Regular re￿eW of the charity's objectsTr policie5, procedures and risk assessments. Great Yorkshlre Bulld - prOJ￿t5 not being completed or meeting standards, as a result damaging the reputation of the charity. Regularly rewewng the Great Yorkshire Build structure, blueprint and risk assessment. Only using reputable trades and contractor5. Great Yorkshlre Build Development Board wa5 recruited in Year 2. Recrult an in-house projert manager in Year 3 to manage projetts on behalf of the charity, RISK 6: Cyber Security Cyber incidences executed by external or internal partie5 that negatively impact the confidentlality, integrity of the charities infomiatlon systerns and data. Secure a package of support through professional contact including.. Penetration te5tin8 of [￿r webslte. Drafting of standard operating procedure in the event of cyber-attath. Re￿eW of ourMicr050ft 365/￿tlOok suite to ensure settTngs are optimised for data security. In.house security training for the team. Cyber Essentials training. Introduc￿on to cyber security insurance provider. There are no factors identified that are likely to affect the financial performance or POSTtion going foNard other than the current C05t of living crisis. Donor5 are all feeling the current crisis which will unthubt&Jly Impact the 57ze and frequency of donations made to chartties across the sector. ThTS is why diversifying our income stream, as detailed above, is so critical. Structure, Governance and Management Yorkshire Children's C.haritJ Yorkshire Children'5 Charity Is constituted as a Charltable Incorporated Organisatlon ICIOI and the nature of our governing document Is an Association Constitution. We do not have a member's structure wtth constitutional authority. however, we do engage volunteer5. We do not operate a5 part of a wider network or umbrella group. Organisational Structure The 8overning body is the Board of Trustees. whlch as of year-end comprised four trustees and has the scope to Stretch to six. A set of executlve authority is delegated from trustees to the CEO, Charlotte Farrington. As such, the CEO is accountable and responsible for delivering the charities KPIS and overall objectives, supported by an operational team working across Event5, Programmes, Marketing and Fundra7sin8. The CEO is also supported by a number of volunteer Boards Tncludlng: Event Committees - to bring industry expertise and knowLed8e to events, bringing crediblllty from a judging perspective for our Industry awards events specifically. Pro8ramme commlttees Charlotte Farrlnqton - CEO & Founder Georgla Hall - PA to CEO Annabel Robinson - Head of Events Harriet Rowe - Event Manager Georgle Baxter- Event Assistant Geor8Ta Hanson - Trusts & Foundation5 Manager Harrlet Copley-Hey- Marketing Manager {Orqanlsatlonal 5trLKture at year end 31st December 20231 Decislon Making The Trustees designate responsibility to the CEO for the 5lrategic direction, general operational runnlng and delivery of tharitable activitie5. The Board of Trustees are none operational withln the charlty and believe in 5UPPOrting the CEO to enable her to do her job to the best of her ablllty. They recognise the importance of challenwng the CEO whilst always remaining mTndful of not being 'chall￿￿n9'. The Tru5tee5 and CEO See themselves as one entity and very mLKh worf( as one team. Thls culture has been purposefully created to ensure progress against objectives Is made qulckly> effidently and effethvely, wlthout unnecessary bureaucracy. Ultimately, as a solutlon f¢xused and needs-led organisation, this model allows us to deliver the best for our beneficiarie5. The Trustees are responsible for protectTng the charlty and everyone wlthln It and will be the designated lead on the charfjtles whTStle blowing policy. The Board of Trustees and CEO meet quarterly to review the charitie5 progress against KPIS. objectlves and mission. Recruitment of Trustees yorkshire i-'hildren's The CEO and Trustees share equal responslbility for recruiting and appointing new charity trustees. Glven the culture and unique nature of Yorkshire Children's Charity as a fast paced, dynamic, arTrd d15riiptive chaNty> It is essential tmstee5 remain non-operational. remaTning strategically focused and supporting the CEO to dellver the charity'5 vlsion and objectives. Recruitment of trustees is therefore values-led, ensuring alignment of vis?on and value5 and recrLritTng trustees who carry the charity's cause close to th￿r heart. Equally, trustees must be commercially minded, wth Strong business acumen whlch allows theFn to support the CEO in delivering in the most effective, efflciEnt, and impactful way for beneficiaries. Trustee Policies and Procedures Yorkshlre Children's Charfty continue lo develop and grow a comprehenslve polTCy and procedure1Sbrary to underp7n and ensure best practTce 8overnance from operational ddlvery to the strategic tntstee level. From a trustee perspective, this includes- Safeguarding for Charitie5 and Trustees Trustee Onboarding Procedure Ilncluding DBS Trustee Code of Conduct Trustee Responslbllltie5 Trustee5 are covered by'Limited Guarantee,, relevant insurance and appropriate Trustee Indemnity. The Trustees 11 adhere to UK charfty law and answerable to the Charity Commlssion. Induction ané trainlng is bespoke to the individual trustee and their ex15ting level of connectlon wfth and knowledge of the charity? but will typ5cally include meetTngs wlth the CEO and operatlonal Staff to prowde knowledge about the charity. A slgnlficant part of Trustee InductlDn is understanding the culture of the charlty and the way we work. Tmstees may be invited to visit programme5 0n-51te and meet volunteers to ald In their understanding and engagement with the charfty and its impact. Quarterly tnjstee meetlngs ensure a regular touchpoint between the Board and CEO. Our next finanthal year wll focus on growing the Board of Trustees to a maxlmum of six members, ensuring a cOMp￿hen57¥e breaéth of skill, support and Input across the group. Pay and Renumeration of Key Management Personnel Salaries for new members of Staff are set by the CEO, according to market researth, adylce from recruitment companle5, and approved by the Trustees. Cooperatvng with Other Charities and Organisations Yorkshire Children's Charityworked closely with registered chatlty LEAP {Skills Through Enterprisel on our Yorkshires. Young Entrepreneur Challenge in 2022. The LEAP concept, where students Set up a business for an academic year, was developed in partnership with Yorkshire Children's Charfty specifically for the benefit of our beneficiaries - young people from disadvantaged and deprived backgrounds, at schools with above average pupil premium flgures. Yorksh7re Children's Charity leveraged our connections with the Yorkshire property and busfness sector5 to shape the mentorship aspect of the programme and encourage longer temi professional relatlonships wth mentor5 to encourage fLrture work experience and placement opportunitie5. Relatlonships ¥wth schools is a150 crucial to delivery of both our Great Yorkshire Build and Schools Network programmes. Reference and Administrative Detai Is 'orkshire hildren's V C.haritJ Yorkshire Children's CharTty Charity number: 1196738 Principle and Registered Offke Address: First Flwr 116-118 Harrogate Road Chapel Allerton Leeds LS7 4NY Trustee5 lat date of Trustees report beln8 slgned off on Wednesday 30th October 20241 Paul Philip Rose (Chair) Vanessa Jane Lee Tom Hurley Darren Stubbs IRe5igned 12th (ktober 20231 Simon Peter Kelly (Resigned 23rd June 20241 Chlef Executlve officer". Chartotte Farrfn8t¢J) Pla￿5 FEthre Perlod$ Year Two very much focused on diversif￿7ng fundraising avenues and marketing a5 a means to establish a sustainable fundrai5ins model and Increase brand awareness. Having established a solld foundation, we are continuing to be bold and ambitlous in the way we deliver our objects. Chlld poverty and disadvantage in Yorkshire i5 50 severe, $0 urgent. and we whole heartedly believe that our dynamic and commeraally minded approach is the answer. A5 5uth, YearThree will see us: Generate £3million thrcMJgh fundralsing streams. Significantly increase delivery of programme5. Deilver our second Great yo￿$hire Build and recruit an in-house project manager. Raise £1million al 'A Night Under the Stars, (fundraising event thatwill likely take place every otheryearl Diversifying our income 5treams.' Develcp and increase corporate partnerships. Recruit a Senior EV£￿ts Manager and move exlsting Head of Event5 into a reLationshlps role to suswrt the CEO. Invest in webslte. sodal medla and PR. Invest in our team to enable greater capacity. establishing arKI 5tabilislng a full team. Irnprove flnance. operatlonal and back-office proce55e5 and systems. Increase brand awareness wth the general publlc, Incluthng embeddTng an effective marketing stratesy, Ultimately> Yorf(5hire Childrer)'s Charity have big plan5. We will reach every chlld In Yorkshire who needs our help and make childhood poverty a thing of the past. Year Three 15 about getting one step closer to that goal by investing in the team. enabling us to increase delivery and increase brand awareness. They are relTant on us. Approved by.. Date: 31 11012024 orkshire hildren's haritJ Ipve mako thin05 better YORKSHIRE CHILDREN'S CHARITY STATEMENT OF TRU8TEE8' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The tNstee3 are re8pon$iNe fcr prepariw th* Trustees. Report And the financk81 statements in 8ccord8ncè wfth pplicabkn Jaw and Unit•d Kinyjorn Accountin9 Stand•rd$ (United Kingdom Genor8Jty Acceptod knunting Pr8Cticel. Th• * opplitsbkn to ¢h•ritios in Eng￿nd ond Walè$ requires tho tru$t¢O$ to pr•pare financi￿ statement8 each fkn8n¢l81 whi¢h a tru• arhl folr v*w of tha state of 8ff8Srs of tho CIO •nd •f th• [n￿MIng re￿￿ree# #nd appl**tK4n of rÈsoure•s of the CIO for that yaar. In preparfng th&6e it•tem6nts. the tw$tees Jre r•qulred lo.. - $01o¢t $uftobk a¢¢ounllng and appty th9m CO￿581entIy- . ob¥•rw• the m•thoas principkns in th• c￿￿tieS SORP,. - m•k•1ud@g￿￿tft and 6slmatÉs that are raa8onable and prudènt., - slal• Yth•th•r 4FVlic4l￿è a¢eountin9 St8ndrArdg have beén follow•d, subj•ct 10 any m4t8rlal dep9r￿leS dyadosgd •nd oxpk•lned in th• finIn¢￿il $t•t¢m•nts', •nd piepare the finanei81 glat•Tr*nt• on the 90ing conc•m basi• unl89* it 1$ iThAppropriats to prnsume th•1 t￿ charfty will ￿￿￿True In op¢rotion. The Iru¥te•s are re8pon8lJkn for k•8pirvJ Suffi￿ent accounting records that disclo¥e ￿th reaBOnab￿ accur•¥y •t ￿Y tyno the po¥ltign of Ihe CIO •rtd en•bl• th¢m 10 •nsur¢ that the financial ¥tat8ments comply wlth th6 ¢harfU¢s Act 2011. the Ch8nty (Ac¢eunl8 8nd R8port81 Regulat￿n8 2008 and lh¢ prow8lon$ of the tnjst deed. They •r• also rasponsiNe for safeguarding the assets of Ihe CIO and her￿ for laking rog￿nable %tep8 for th* pr•veAtion Nnd d*t•¢tion ￿1r￿J￿ ond athor irregul*riJerk. .24- YORKSHIRE CHILDREN'S CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YORKSHIRE CHILDREN'S CHARITY Opinion We have audited the financial $latemeAts ol Yortshire chI￿ren'3 Charity Ilhe 'CIO'I for the yoar 8nd8d 31 December 2023 which comprise the slat•rn•nt of financial aciwii¢$, the balance sheet, thé $t•temenl of cash flows qnd no16S to Ihe fin•no81 ststernents, Ind￿11￿9 significant accounlng policies. The financial reporting framework that h85 been aPpl￿d In their preparelors is 8ppliCa￿e and Unit8d Kingdom Accounting Slandard$. including Financial Repotting St8ndard 102 The Financial Rèporting $18ndard 8ppIIc8bl• in lh& UK and Republ￿ of Irel8nd (United Ki￿d9M G8norallyA¢¢optedAccountirq Pra¢ts¢el. In our opinion. the fin8nti*l stalgThnts'. give 8 twe and tsir view of th• stale ol charity's 8ffalrs as at 31 00￿rnber 2023 and of thcoming resources and appli£abon of resourc¢$, for th* year then ended", hqve been prowrfy prepared in accordancè wilh Unit¥d lQ'ngdorn Goneralty A¢cepled Accounting Pra¢tko- and have pr8pated in arcordance wllh the requirement8 of the Ghedt￿OA¢t 2011. Ba818 for oplnlon We eonductad our audlt In accord8nc* vAlh Inlemation81 Stand8rds on Auditing IUKI (ISA$ IUKII and appfv'cable Idw. Our re8pon8ibilities under thos• 8t8ndard$ *re further dfrscribed Sn the Auditors responsitslifras tr the audit ol lh& finèncNal gto1ornenl$ sectlon ol our ffjport. Wa arè independent of the CIO in accordance with Ihe èlhi¢¥l requiremènts that are relev8nl to our audit of the finan￿al Statements in the UK, Including the FRC'S Ethical Stsndard. and we h8¥e fu￿illed our olhor ethlcal rèsponsibiliti•5 in accordanc¥ with th050 requlr•m•nts. Wv believe Ihat the audit e￿d￿Ce we have obiained is svfficN?nt and oppropriale to provid8 & basia For our opinion. Concluslon* r•14tlng to golng Con￿rA In audilln9 tho financial statgrn•ntB. we have concludèd that the tNsts•$' of the going concèm basis of accounllng in Ihe preparation of the fin8n¢ial st8lernenl8 18 appwprwte. Bèsèd on the work we have pèrfgrrned. we have not •ny material un¢ert•intie8 reLgting to evènts or condilon8 th8t. indlvidualty or collecOwJty. moy Cast 51gnificant doubt on the CIO'S ability to wntinue as a going ¢on¢em for a period of 8t ￿￿5t months from when tho financial Statements 4r¢ aulhori88d lor188ue. Our re8p0n8lblllt1￿ 8rn1 th• o#pon&knlitse8 of the Irustée8 with respèct to going COn￿M èrè described in the rel8v8nt g•¢Uon$ of this report. Oth•f Infarm*tl¢n The other inforrnalion ¢ompA88s th8 infomiaiion included In the onnual report other than the financial 81atements and our audilofs ropon th¥r•on. The Iru8teès ar• wsponuible for the other inforrnalion contained within the annual mport Our o￿nIOn on the fin8nEiJl statements does not covèr the olh•r informauon and ￿ do not expre88 any fomi of assurance condu$ion thereon. Our respon$ibilty 18 to read the <*th&r inforrnatlon and, In dtslng so. consider heiher the other infomiatk)n 1$ m4teriBlly in¢on818t8nt wlth the financi818tstemèrtts or our knowledge obt8Sntd in the wurse of the audit, or otheMi>¢ 4ppeavs to be materi81ty misst8ted. If w• identrfy such rnalerlal inconsistencies or apparent material rnis¥talements, ￿ ar• required to d•termi￿ whether thi$ givos to a mal?ri81 rnisFtstement in the ffinanu81 stat8ff￿nts themsel¥o9. If. based en th¥ work we have performed. we conclude that therè L8 • rnateri81 rnb&tat•m•nt of thlB other infom18Ieth, w• are requw•Y to report th¥t fact. We have nothing to report in Ihls r*gar(l. Mattars on whlGh w* •r• r•quir•d to r•port by •xG•ptlon W¥ nothing lo report in t¢¥pect of the follth¥iThJ m8tter$ in relation to whl¢h Ihe Charitr'•s (Account5 and R8port81 Requ￿tk*nI 2008 require us to r•port to you if. in our opinion." the infomiation gfv•n in the fln8nd81 st&iem•nl¥ IJJ incon&st•nt In any m•tèrial r•8pocI with the In￿lee¥. report.. or sUffiC￿t accountlng recordÈ h•ve not kèpt", or th• Inanckql Statsments or• not in agr88rn8nt with the accounting Tecords.. or we have not received al IhE inforrnjticffl and explanats"on$ we r•quire for our -25- YORKSHIRE CHILDREN'S CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YORKSHIRE CHILDREN'S CHARITY Responsibilities of trust••s As exploined more fulty in the ¥latement of trustees, respon¥iblitie5, trusteu are responsib￿ for th8 pwarotion f th• financial Statements and for beln9 S8tl8fied that they give a trut ar￿ fair wew, and for such internal control 89 t￿ trustéés dètèrmi￿ li A￿¢$$￿ry to enabk the praparation of fin8n¢lal stgtÈm*nts that •re free fvom m8leri81 misststement. whether due to fraud or emr. In preparing the fin8no81 $18tements, the tru$le¢$ are rvsponslble fer a88essing the CIO'$ ability to continuè As a going uncorn, di8c108ing. 88 appllcablg, mottor$ related lo going ¢oncern 8nd usin9 the going concom basis ol a¢¢ounting unless the twstees either intend lo cease operations, or have no realisbc atternelive but to do 80. Audltorf¥ ro¥pon•lbllltle• for th• audlt of th• flnanclal #tst¢m•nts ha¥8 J)een apwnled a8 8udfjt¢f under s¢¢bon 144 of the Charities Act 2011 8ThJ r8POrt In K¢ord•nt* with the A¢t and relèvant regulations made or having eftect thorèuthr. Our objectives aro to obtain rea$onabk os$uron(* About wholher the finanoal 8taterf*nts 88 a wholv are free from moteriel rn15StatemeTrt. whether due to fr8ud or error, anrl to issue tyn quditofs report that indudey our opinion. RèA$onable asyurAnGe iry a high level of assurance but is not a guarantee that an audit cor￿U¢t*d in accordance with ISAS IUKI will a￿ay$ d¢t¢¢t a moterial rnisst8t0ment when il exists. Misstatemènl$ can from fraud or error and arg conskl&red material rf. individu81ty or In tha aggreyte, thèy COU￿ rea50nabty be expected to infiuèn¢e tht ¢Mnémir decisb)nJ of users taken on th• basLry of thoso fin8nci81 $talèmÈnts. Irr*gularitw$. indudlr8 fraud. are InBtances of non-compliance laws and rtyulaliDn¥, We deswn procedure8 Ilne wth our ra8pon$ibilits"88, outhnèd above, to detect material misstatements in rospoct of irregularities induding frau¢J. The Th8k of not detecting 8 materl81 mfjsstatem&nt due 10 fraud i# highw than the rksk of Mt det8ctSng ¢n• ￿SuJt1nll trom érror, 8$ fraud may Involve del'ber•te concealment by, for exampK*, forgery Or int•ntional rnisrepresentations or through collusion. By focusing on material arnounts and dlsclosure$ and u$lng a risk-b#sed approach, we have a r•8s¢)nable chance Of deteEtillg rnaterial mi55taternents due to irreguL8rities Incbjdlng fvèu¢J. However, due to th• sampllng malhod of testing, as allowèd by auditing $t•ndards. we) c8Thnol guarantee tha( ￿ %u¢h 1rr9gular￿O9, includlng fraud are pres•nt wllhin the company'$ finandtyl $y$tem. our audit Mll dotect all of them. Robust Intemal controLs operaled by the charty can in¢r8aw Ihg detection of Such Irregularlkn. but this M not a￿¥y$ pr¢seTrt in $mo11 to mediurn grzed charities. YORKSHIRE CHILDREN'S CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YORKSHIRE CHILDREN'S CHARITY Our approach was a8 foJlthv8". We obt4ined an understanding of Ih* legal and regulatory frgmeworks that ar• appll¢able to the charity and det8m)knèd thai the most signifi¢8nt a￿ Iho$e that rel8ts lo the reporbng framowork IFRS 102 and the Charluos Act 20111. W6 ccrnmunicata ¢he Klenlifiad laws and r•9ulal*on8 throughout •ur tsam and rgmolnod ¥l*rt to any Indlcations of non￿Or￿)I￿nce Ihroughout th8 8udlL Audit procedures pertomiad by the en9agemont team to dèt8Ct irregularities, Indudlng fr4ud from instanc88 of non- ¢ompJi8ncfr with I￿$ and rggulotit)ng in¢luded.. DIscussh?n$ with manag8m•nt, Includlng ¢Msidoration of known or $u8Pe¢ted in8tancas of nonryeompllance with laws and ￿gUlati￿% Challènging as$umptions and judg8m8nts made by rnana9ement In ity $ignffi¢anl accounlng èstlmats8 that involved rn?￿ng a8$umpiionts. Testing *ny transactions entornd that ara of the normal ¢ouw olthe charity's 8ffalrs. R&￿twing recent ￿rrespOnden￿ with the charitys idvisors to ensurn that tt allgrts with any rAndusions ¢Jrawn In respect of any outstanding or uncertoln l¢441 matter8. How#ver. the primary fe8ponsiknlily for the prevenlion and detection of fraud SUI rests with bolh those charged wfth governance of the entity ana th• management learn. A furth•r des¢dp￿¢n ol our responsiblitles i¥ av3ilable on the Fin*naal Reporting Councll'8 website at.. https'.11 www.frc.org.ukJauditorsre#ponsibiJ￿e$. Thya d•sc￿ptk)n form$ part of our auditors rgport. Your attentron 1$ drawn to th* f•¢1 Ihat the th8Thty has prèparod flnano81 statsments in accordance wilh Accounts'ng and Rep￿try by Charities." Statement of Recommended PrActI￿ 8pplic8tA• to chariiitrs preparing Ih•ir accounts In accordance wlth the Finan￿al R•portlng Standard appli¢abl• in the UK aThl Republic of Ireland IFRS 1021. la8 arnend•dl in preference to the Accounting and Raporting tiy Chorttle8'. Statement of R￿MTh￿Dded Pr8ctice **ued on 1 April 2005 whlch i¥ referred to in Iha •xt8nt regulth.ons but has now been ¥vilhdrawn. This has ￿en don? Sn ordw lor the financi￿ slalewvènls to Pro￿￿• a twe and fair vS8w In •¢wrdance with current GenorallyA￿Pted Accounting Practic8. Ll80 of our r•port Thk5 report is m8de sO￿ty to th* InJ3t•es, as a bedy. in accordance with part 4 of t1￿ Ch8rities (Accounts and Rèports) ReguL8tK)n8 2008. Our audit work has been undertakèn that we might stats tt> th* charity's twslee8 th¢88 matt•r¥ w• are requlred to slate to thgm in yn 8udito¢s report 8nd lor no other purpo8•. To the fullest extent permitted by law. wé not •ccept or assumé re$pon$ibility lo anyo￿& Qther thon the charity and the charty. tr￿lee$ as raudil work. for this report, ortor Ihe opinloTr8 we have formgd. Mrs WM m￿gh for and on baha Strnior S utory Audltor) f of Haiqh & ¢0 - O a&>a4- Chart•Y•d C•rtlfl•d AG¢ountant8 ststutory Auditor Grang¢ Cott498 Wcffler51oy Doncjster DN6 gBW -27_ YORKSHIRE CHILDREN'S CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR ThTE YEAR ENDED 31 DECEMBER 2023 Unr88trfct•d Ra*trlctod funds fund¥ 2023 2023 T¢**1 Unr•*trlctad R•strlcted funds nds 2022 2022 Total 2023 2022 Nots8 Incom• from.. Donations and legacie Charitabl8 acts"vftres 121.613 585,109 470,533 592,146 585.109 526,911 1.077.588 1.102,921 1,629,832 1.077.588 Total In¢¢)m• 706,722 470,533 1.177,255 1,604,499 1,102,921 2,707,420 exp•ndltur• on.. Raising fvnds Charitable activit 619,261 226,473 1,010 349.096 620,271 575.569 990.040 153.905 990,040 1,171,711 1.017.8( Totsl oxpendlturo 845,734 350,106 1,195,840 1,143.945 1.017.806 2,161,751 N•¢ in¢omgll•xp•nd6turo1 and movem•nt In fund$ 1139.0121 120,427 118,5851 4EO.554 85.115 S45,669 R•conclllatlon of fvnds: Fund balan￿& 8t 1 January 2023 480,554 85.115 545,669 Fund b•lan¢￿ at 31 D•c•mbor 2023 321.542 205,542 527,1 460.554 85,115 545,669 Thè Sitlementof finanaal actiwtu indudes all qain¥ and kns505 r•cognis8d In Ihe yaar. All Income and expÈndilur¢ deri¥* from continuing acts"vllies. -28- YORKSHIRE CHILDREN'S CHARITY BALANCE SHEET AS A T 31 DECEM8ER 2023 2023 2022 Notes Fix*d 45Sgts Tangible assets 12 15.414 19.464 Curr•nt aM•t• Debtors Cash al bank and In hand 13 56,956 545.406 167.506 499,943 602.362 667,449 Ct•thtor¥.' amounts lalling du• wlthln one y¢ai 14 I￿.892) (141,2441 N•t ¢￿Ir￿1 as80ts 511,670 526.205 Tdal current Ilabrlibe¥ 527,084 545.669 Th• fvnd• of tho CIO R*5trcted income fund8 Untyjtricted fvnds 17 205,542 321,512 85,115 460,554 527.084 545.669 The financid $tat•ment8 were approved by the tnJstee8 on 3111012024 MrT Hurtèy Trkk•t•• .29- YORKSHIRE CHILDREN'S CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEAI8ER 2023 2023 2022 Cash flows from operatlng actfvitle8 Cash generated from operations 22 50.380 523,639 In¥*￿n9 o¢tlvlUo• PU￿h4$? oFt¥n9ibl¢ fix•il 455•ts 14,91n 123,6981 Net ca¥h used in iFY4esting actiwilios 14,9171 123.6981 N•t cuh ￿•d Infln*nclng act1¥￿￿•8 Nei Increa•0 In ¢a8h and cash •quivalent8 45,463 499,943 Cash and cash ￿u￿816n￿ 8t baginr*ing of year 499.943 Ca8h and cash equl¥al•m& at ond ofyoar 545.406 499,943 YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL 8TATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AGGountlng PDlkl Charfty Informatlon Yorkshire Chiklren'5 Charftyls a charltabkry incorporatad organi88tion r8gi8t8f8d in England 8nd W8k*. 1.1 Accoun￿￿9 CLXW8ntlon The financlal #lèt•m•nts have beèn preparéd in accordance with th• CIO'S go￿rnIng docum•nt, tho char￿&8 Act 2011. FRS 102 "Thè Financial Reporting St•ndard opplicabfe In the UK and Republlc of Irvland. I"FRS 102) and the Ch8nties SORP 'Accounling 8nd Rèpothng by CharitK*#." siÈlement gf Recomrnended Pradite applItsb￿ to charities preparin9 thoir accounts in 8ccordance with the Finanaal REpgrtbng Stsndard applicable in the UK and Republk of Ireland IFRS 1021. (effective 1 January 20191. The CIO is a pu￿ Benefft Ents"ty a8 dafined by FRS 102. The ffn#ntyal $tat*n•nts h4ve departed from the Charftb8 (Accounts and Report81 Regulation8 2008 only to the extant required to provide a trua and fair vi¢w. Thi$ departure has invohed fdlowing the Statement of Recommended Practie• for chartties sp￿y1￿9 FR5 102 rather thén Ihe version of the State￿ent ol R&romm¢nd¢d Pra¢br• whith is rvforred lo In the RoguL9tions but whlch ha8 8ince been withdrawn. fin8n¢lal st8tements #re prepared in Sterfing. which is the fU￿tIonal ojrrnncy of the CIO. Monetary amounts in these fin8ntyal staltmonl$ •rn roundfjd to the noarost £. The financ181 ststsmenls have t•on prep8W under the hi$tori¢al tJ)st convention. The prin￿paI accounting pdiues adcpted 8re s•t out belthv. 1.2 Gdng conc¢m At the tirn¢ of approving the financial statements. Ih8 trustsas h8ve a raasonabla expo¢tstlon thai tho Glo ha• 8dequate resour￿8 to ¢ontinue in operational existence for the foreseeab￿ future. Thus Ihts tru$t•es con*nue lo adopt the going Co￿0M basis of atcountiNJ in pr*￿￿￿9 the finanual stalernenl¥. 1.3 Charltabl•fund8 Unre8trfct¢d fun¢J$ ovallobb for u$• At th* diKrtOan of tho truste88 in furtherance of their chgritabl? objectives. F¢e8trict8d funds are s￿)18cl lo S￿C￿C ¢ond￿On$ by donors or gronior$ 01 to how Ihoy may bo uged. Th• purpo￿ and uses of the restricted funds aro set out in th& notes to tho fin8nty•l statwnents. Endtrwrnant fund8 ara sublgdto $po¢hl¢ ¢ondlJw$ by donors thot thè ¢4pir•l mu¥t b• maintaimd by t￿ CIO. IA Incom• Inwm* 1$ r¢t4gnised when the CIO i¥ leg￿ty entitled to it after 8ny perfornance conditions have been met, tha amounts can bo moa8ured rak'abty, and It is PTobable that incorne will be r•c•1v￿. C8sh donations ar¢ r¢e0yrtised on receipt. Other donat￿n5 are recognised cnce the CIO has been nOknf￿d of tho donalon, unless p8rfom)ancé condlUon$ require dèferral of the amounL In￿rne tax r¢cov•rabl• in relation to don•Oon$ ￿¢￿1ved uthler Grfl ordeeds of covenant 18 recogniBed al tha ts.ma of the donation. Legatla8 arè recognlsad en recèipt or othemse if the CIO ha5 been notrfied of an imp•ndin9 di$tributioTh. t1￿? Amount 18 known, and receipt is eMpect8d. If Ihe 8mount18 not known, tho is twJt•d 05 11 Gpntingent Donated good$ and services Are Included in the financial ststements at a valu¥b'¥n whi¢h 1$ an *stimats of th• markel of th¢ >¢￿(?$ provKled, where ¥uch a cost is quantrfiable and me&gur8bk. In Bccordance wilh th• Charilk•s SORP IFRS 1021, tho ganeral volun18er tlme Of the committ•• rn¥mb¢rs ind oth*r valunt88rn Is Not re¢a9ni$¢d. 31 YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL 8TATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Aecovntin# pollGI IContlnu•dJ 1.5 Exp•nditur• Expenditure is r•cognMed once Iham l& a leg81 Or constructive obligalion to transfer economi¢ benelit to a third psrty. it is prob8ble that 8 transfer of e¢onomi¢ bgnefft¥ wlll be requlred In $8tt18m8nt, and the amtrunt of the obligation con be measured reh"abty. Expenditure 19 classthed by a¢tlvity. Th• ¢osts of each actfvlty are made up of tha totsl of diréct ¢OSts and ¥hared coyts. Induding support costs invofvad in undertaking each activity. Direct costs 8tt￿butab1$ lo a single acuvlty a￿ al￿¢4￿￿ dI￿GI￿ to that activity. Shared ¢￿t$ are allocated to ¥di￿tieS in prOJ￿rt￿n to 8t8ff tima on the re￿￿￿t orbvity. 1.8 Tanglblo flxed a88•t8 Tangible fixod asaèts InlU8lly rneasur￿ 41 ¢ost and subsequently measured at t05t or valuation, net of deprecigtion and any impaimienl 1088es. Deprectfjtlon Is r•¢ounwed $0 os to write off th8 cost or valu8th?n of th55ets le55 their res&lu81 values over thelr useful liv88 on the fDllowng bases." Plant and •qulpmenl Fixture5 and rrtbrKJi Computers Web8lte 3Year Straight Lin• 25% Rodu¢ing BalHnr• 3 Yearstrllight Line 3 Yoar Straight knne The gain or bs8 arising on tha di8PtsS81 •f an •ssèt 15 determined as the dTfferenc• b•tsveen the ¥*fe proEe¥d5 and th8 CArrying v*lue ol the ass2t. and 15 r•¢09n￿ed In the statem8nt of finan&￿ actlvities. 1.7 Imp•lrmont clfixèd as¥8ts At eaGh reptyrbng end date. th8 CIO re￿￿S the carrylng amounts of Its tangiblo assets lo detem)inè whethvr thtw is arty indication that tho¥e assets have suffered an impaimiént loss. If any such indiution •xists, th• r8cov•rgbk* amount of lh6 as$at 1$ éstimated in order tu d•t•MI￿ th8 extent of the Irryalmignt lo$$ (if #nyl. 1,8 Cash and ¢88h eq￿ValentS Cash and cash tsqu1va￿rtts indudg v$h In h8nd. deposit8 held at call with banks, other short-tem Ihiuh invesknent5 Wlth original ma￿￿tIeS ef three monlhA ar #md bank overdraft8. Bank ov•rdralts are shown wmhln borrowing$ iri current babilities. 1.9 Flnanclal In8trumont8 Tho CIO h88 elected to •ppJy the proviSK•n$ of Sectlon 11 'Baslc Financial In&trumènt&' and S•¢tion 12'0ther Flnan¢i81 In8tNmenls Issu88' of FRS 102 to 011 of b finan¢i*l InstrurnèNt8. Finan￿al instrnments are recognised in th• CIO'S b￿anc0 8h••t wh8n th8 CIO become$ party to the contractu•l wo¥i$ions of th• irélrument. FMancial assets and li8￿11￿0$ arts offsèt, Yèith the n¥t ornouTht5 pre8entsd In Iho financlal statements. wh•n therts 1$ a ￿9alty enfOr￿atrIO right lo ¥el off the recognised arnounts ond thor¥ 1$ In ￿tent￿n to settle on a not basis or to realise tha asset and settle th• Nabllity 61multaneousty. B•sl¢ >ln•nclalass•ts 888ic finan081 85tsets, which Indud¢ d¢btorn and ￿8h and bank balanc•8, are inttlally rneasured at Iransaction pric• induding Iran8aclion Costs and are $ubsequenly ¢arr*d wt gmortised c08t Using thè èffv¢liv nlèretsl rn¢lhod unless the wrangement Constitutes a finanting transattion, where the tr8n8aclion measured 81 the preaent V81ue ol the future r•¢eipts dixounted qt 4 markot rate of Intewt. Flnano41 a55els ¢la$sified as receivabl• within one year are not 8mort15ed. YORKSHIRE CHILDREN'S CHARITY NOTE8 TO THE FINANCIAL STATEMENT8 {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 AccountlThJ poll¢i ICortinu•d) 8aslc fln•ndal Il•blliti85 B8si¢ flnan¢lo1118kn1ilies, including creditors anil b8mk loans 8re In6b"ally recognised at trong￿ts'Un prK8 un￿$ tF* arrangement constitut•s a financing tr8n5aCtb?n, where Iho ￿bI instrument is measured 8t the prosanl v8Iu6 of Ihe fvture payments d1$G9unt￿ at a market rate of Interost. ￿nanCI)I ltrabilibes classffied a8 payable wilhin one yeor are not amorU8¢d. tlebt Instrnments arv SL4)sequ¢nity ¢ath6d at amortlsed cost, uslng the •ff•ctsvè inler•$t rats mathod. Trade creditors ar• obli9•bon5 to pay for goods or services that hove been acquired in the Qrdinary coum of operation¥ trom $uppll¢rs. Amourts payable are classhfjod a$ current 15ablllt￿S K p8ym•nt is du• within one year vr le$$. If not, they are p￿Sented 8$ non