cha￿ reglstratiop numb*r 1196738 (England and Wah•l YORKSHIRE CHILDREN'S CHARITY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 YORKSHIRE CHILDREN'S CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Trustoeg MrPPRose Mr T Hurfey M$ Vane¥sa Lee Charjty number IEngland and Wale81 1196738 Prlnclpal addr•ss First Floor 116-118 Harrog8t8 Road Chapel Allerton Leeds LS7 4NY Audltor Hargh & Co Grange Collage Womersfey Ooncosier DN69BW nkers Lbyds Bank 9 Wellg8te Rolherham S602LU SolicitorJ Addleshaw GDdd8rd LLP 3 Sovereign Square Sovereign Street Leads LS14ER YORKSHIRE CHILDREN'S CHARITY CONTENTS Page Trustees, report 1-23 Statement of twslees, responsibilities 24 Independent auditols report 25-27 Ststement of financial activib'es 28 Balanc8 sheet 29 Slalement ol cash flows 30 Notes to the financial slalements 3147 TVT a> o) c o) Ttij U Q) > fKJ c * o)-(D O aj U)U)(D U)¥ >mw (DUC Q) V) v) ffj CLC c w (u o u a) CD Q) YE5 (n OJ ffj O L115 0 E rjia) C c (u £QCa)￿o C LLVCW XEYJ g&Ewc8 Oi5 (D O= tJ)E u) O (D Q> o CL OL (D (D >oo Q1£ (D a) uscs z £L J QI (D OTJ a) iri £ConO tTI£ cDtD O ui Ui £{J m L (D u)_ (TJQ a)£ a) sr5 C £ J rLS Qi v ￿￿￿v0a} ¢D X W o XCJ) C ¢D£ uffj C u) 5 ¢n o)D o ts) c IIC LoQ)usi a) >£OO£(U IwwVVU£ OLHWWJO (Do(D- U>E%7 V>￿ ru u o VJ c V > Q) (O o J LI0£ tsi (DsO££Oo) o Q)inL).7 (D c Q) ￿ cra)"- 0£ fiJ CLLH Q)ES C Q) Q) u)fL O c Urriu < (n ￿LL75 ¥ C oS(u >> ou o.c£(u ￿ 0)>.> ¥oOQ> a) CYJ iJoo£O ai >yC )Q) ¢Dt o C ¢D u OE i ID J (D 0￿)￿LOja SD Q) C O c a) O > £ucQ a) IJ U)rn O UEs J ccywu) J C) w E J 13IL) V (u ¢U £ c (D v) L ti£1 (u u> CLnaJ v)w. 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The18w applicable to ¢h8rit*8 in England and Wales requires the trustees to p￿pare finanoal statements for each financial year which give a true and fair view ol the Stale of affairs ol the CIO and of the incomiry resources and appIl￿tion of re$our¢e$ of th¢ CIO for that year. In preparing th￿ finan¢ial 8t8tem&nts, the trustees requlred to". selKI 5U51able accruvting policies and theTr appty them consislenljy., observe Ihe methods and prin￿pIeS in the Charities SORP," mak2 judgernents and estimate5 that a￿ re8sonable and prudent., s18te whether applicablo accounting standards have been followed, subjerA to any material departures dkidosed anf5 explained in the finanual slalements., and prepare the financial 5tsternent5 on the going con￿rn basbs unless it is inappr¢Jpiiatè to PmSLm• that the thadty wll contsnue in operation. The tru5te85 are responsible lor keeping 5uffioent accounting records that disdose wlh reasonable ac£ura¢y at any time the finanrial position of th? CIO and enable them to ensure Ihat the fjnanu81 Statements compty with the Chari)"esAet 2011, the Charity IAe£ounls and Reports) Regulations 2008 and the provi5i0n5 of the trust d8ed. They are a150 responsible for safegu8rding the Sssets of th8 CIO and for tsking r88sonable steps fer the prevention snd detection of fraud and other irregulatities. -24- YORKSHIRE CHILDREN'S CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YORKSHIRE CHILDREN'S CHARITY Opinio We have audited Ihe financial statements of Yorkshire Chiklr8n's Charity Ilhe 'CIO'I f(Ir the yeaT ended 31 December 2024 which comprise the 5taternent of financial activities, the balance sheeL the slatement of cash fiows and note$ io the financial slalemenl8, induding svjnificant accounting policies. The finan04 reporting framework that has been applied in their prep8ration 15 applicab￿ law and United ￿ngdoM Accounting Standards, including Fin8nc4al Reporting Standard 102 The Financial Reporting Stenderd 8pplie&ble in the UK and RepubbG of Ir818nd Iunited ￿ngdoM GenerallyAccepted Accounting Pradr¢el In trJr opinlon. the financial stalement$'. give a twe and f8ir wew ol Ihe st8te of the eharty'$ affairs as al 31 DÈcember 2024 and of its incorning rBsources and applicats.on of resour￿$. for the year then ended., have been property p￿pared in acxordanca wth Ur4ied lfj'ngdoffl Gpnerally Accepted Accounting Practice., and have beeTr PrePar￿j in accthance wth the chariti￿ACt 2011. Ba$ls for oplnlon We conducted our audit in accordance vmlh Intemational Standards on Auditing IUKI IISAS IUKJ) and appllcable 18w. Our r8spon5ibllities untler those standards are lurther described in the Auditorfs tssponsibili¢ies lorEh8 audit ol Ihe financi81 sts18ments section of our report. We ate inde￿ndent of the CIO in 8ccordan￿ wth the elhi(al requirernents Ihal are relevant to our audit of finan￿al statements In the UK. including the FRC'S Ethical Sl8ndaTd, and we h8ve fu￿lled our other ethical responsloilities in accordance with these requI￿rnents. W¥ believe Ihal the auéit e*idtsnc8 we havB obtained is suffiuent 8nd appropriate lo previde a basis for our opinion. Concluslons r¢latlng to 9olng COn￿M ITh auditing th& ftnancial statements, we have concluded that the ¢mstee$' use of th? going concem basi5 01 accounting in the p￿paratiOn of the finanrial Statements is apprwiate. Basgd on the we have Perfo￿ed, we hav? mt identified any material uncort8intie5 relating to events or c￿nditionS thaL individually or c0118c￿Ve1y, may cast 5ignificani doubt on the CIO'S ability to continue as a gcing cowkm for 8 period of at least twelve months from wf*n the financiBI ststernents are authorised fLY i55ue. Our responsi141ities and the respDn6ibil¢ties of the trustees wilh respect to going concern are de5uibEd in Ihe levant 8ecfjon$ of this r8porL Other infomution The other info￿￿tIOn COmPrise5 the inlemiation ikKluded in the annual report other than the fin8nd81 slètements and our avdilovs thereon. The tru5tee5 are responsible fw the other inlormation contained wwthin the annual report Ouropinlon on the fjnanrial $talements does not ojver the other infomation and do not express any fo of 888urence condu&on thereon. Our responsibllty is to reod the other infomiation and, in doing so, ￿Tr$i￿er whether the other information is materially inconststent wth the financial statements or our kn0￿edgÉ obtained in the course of the audit, or otheMi5B appears to be materially misstated. If we id?ntify 5uth material inconsistencie8 or appa￿llt ffl8terfal mi8St8t8ments, we are required lo det8rmin& whether this gives rise to a material mi5Statement in the financial staternents themselves. If. b8$ed on the work we have performed. we conclude Ihal there is rnaterial misstat•ment of Ih¢s other tnfomiat"on, we arn required to report thatfact. We have ntsthSng to ￿port in Ihis regard. Mattor8 on whlch wo org Yequlr8d to report by exception We hove nothing to report in respect of the following matters in relation to which the Charitse5 IAccouThts and Report¥} Regulations 2008 wuires us lo report lo yau rf. in our opinion.. thv Inf￿￿0*.0n gwen in the financial statements incoD$istent in any material rosped wth Ihe trustees, repori or sufficient aGcounling records have not been kepl., or the financk4 statements a￿ no¢ in agreement wilh thg 8cwJnting reeords,, or we h8ve not received all the inlornation 8nd explanations we ￿qUi￿ for our audit. -25- YORKSHIRE CHILDREN'S CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YORKSHIRE CHILDREN'S CHARITY Re8POll8ibilrfie8 of truetee8 As explained more fully in the Statement of tsustBe&' responsibilits'es, the trustee5 are responsible forthè weparabon f the finanual statemonts and for b&ng salsfied that they gNe a twe and fair wew. and fDr such internal Control as the trystees determine is nece$sary to enable the preparakn'cn cf finanual statements that atE free frryn material misststement. vA)ether due lo fraud or error. In preparing the fInar￿la1 8tatem&ntB. the trustees ar8 re8ponsibl8 for 88sessing the CIO'8 ability to continue a5 a going concem. dlsdoslng. as applicable, matters ￿lat￿a to going concern and using the going CDnrem basis ol accountin9 unless the tru$tee8 either intend to cease op¢rations. or have no realistic alternative but to do 50. Audiiofs r#spon$lblllll•s for th& audlt of the finan¢l•l 8tstements We h8ve been 8ppoint¢d as autlitor under s6¢lion 144 of the Charitl8s Act 2011 and report in accordance with thè Act and relevant regul8tion8 mad8 or hamng efFect IhereffideT. Our o¥$cb￿S are to obtain ￿asonable assurance aboul whether the flnandal statements as a are freg from material misstaterrvant, wheiher due to fraud or eryor, and to issue an audrtorfs ￿pOrt that indudss our Opin￿￿. Reasonable a$surance is a high level of assurance but is nct a guarantee that an audit conducted in acco￿ance Ih ISAS IVK) will always dèlect a mstarial mbstalem$nt when it exisls. Mis&tat8menls can arise from fraud or ewjr and are ¢enSide￿d material if, individually or in the aggregate, they could rBesonobly be expected lo influen Ihe econ0rnicdeci￿OnS of users taken on the basis of these fiTran￿al 8t8tsmeThts. Irregulodties, It￿￿JIng fraud. are ￿lStanceS of non-c))mplianc8 With laws and regulaliort> We design prDC8dure5 in ne with our responsibilitie¥, outlined above, to deted materi81 misststements in resp8d ol iTTwJu5arities including fraud. The risk of nDt detecting a material misslalemenl du¢ to fraud is higher than the risk ol not detecting cne resulting from eTror. as fraud rnay involve deliberate Can￿81Ment by, for example. forgery or intent￿n81 mi3repre5entalion5 or through cDIIusion. By focusing on material amounts and di8dosures and ￿Ing a risk-based approach, we have a reasmabb than ol det6Gting material misstatements due lo irregularities induding fraud. However, due to the $ampllng method of testing, as alltrwed by auditing stsndards, we cannot guarantee tha( if such irreguladlies, indudiw fraud are pr8S8nt*ithin the ccfflpany'5 ffinan￿al system. Dur audit will all of Ihem. Robust intemal controls operated by the charity can inuease Ihe detection of ¥uch iTf8gufarib'es, but this ts not ys pre$ent in $mall to rngdium $￿ed c*arities. YORKSHIRE CHILDREN'S CHARITY INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF YORKSHIRE CHILDREN'S CPIARITY ¢)Jr8pproach was as fcllows.. Wo obtaln6d An undarstandlng of the legol and ￿gUlatOry frameworks that are applcable to the charity 8nd de*mlrted thatthe mest signffieant are those that ￿late to the reporting f￿8WOrk IFRS 102 an¢J the Charities A 20111. We communicated the identifEd laws and regulations throughout ow team and remained alert to any Indl¢al10rt5 of nO1￿cOmplI0n(* throughout the audit Audrt proCedu￿S pertomed by the en98geMent team to detect iTregulBrities, induding from instsnces of non- Complian￿ *ith laws 8nd regulations induded.. Discussions with manag8men( Including consideration ol known cf wspethd instsn￿$ of non-compliance with laws and wul8tion$. Challgngtng assumptions and judg6rn£nts mad8 by mana9emenl In its Signifi￿nt acojuntiry 8stimat•s that Involved making assumpts"ons. Testing any transadions entered thal are outside of thg nornal C￿J￿0 of the charit15 affaits. Reviewing rec*nl correspondence with the charitys legal advtsors to ensu￿ that il align8 any conclusions drawn in respect of any outstanding or uncertain ￿gaI tnaliers. H(Kvever, the prim8ry responsibility for Ihe prevention and detection ol fraud Stdl rg8ts with bolh those charged wrilh governance of the entity and Ihe management team. A further de$r￿ption of our responsibilities 15 available on the Financial Reporbng Coun¢il's websit8 at". httP5".11 vM.frttorg.uWauditorsresponsibililie$. This de80iption forms part of ourauditerfs repo Other matter8 Your attention is drawn tc thE fact thal the charity has prepared finarrial Statements in 3CCOTdano ￿th"ACCOUnting and Reporbng by Charities.. Ststernent Df Recomrnended Practice wplicable to chartties preparing their accoun15 in ¢cordan¢L ￿th the Finanoal Reporting Standard applicable in the UK and Republic of Irelano IFRS 1 D21 las amended) in preference to th8 Accounting 8nd Repotbng by Charibes.. Statement of Recemmended Pradice issued 1 April 2005 whi(* is rnferred to in the &xtant regulations bul has now beeTr wthdrawn. Thk% has been done in wder for the financial statements to provide a true aN1 lalr Mew in 8crxJrdanr£ with wrrgnt Gener81tyAcceptedAccounttng Practice. Use of our report Thi$ report ts madg Solely to ihg tharity5 trustses, as a body, in aceordanc• wllh Part 4 of the Charities (Accounts end Reports) Regulations 2008. Our audit work has been undertaken so th8twe might 8taie lo the charity's tnJstees thD5e mattets we are required to $laie to them in an 8udilor's report and lor no olher purpose. To the fulles¢ ext8nt pennilled by law, we do not accepl or assume respcn5ibility lo anyone other than the charity and the charitys Iw5tees asp body r audil wo￿, for this reporL or for the opinions we have fomitsd. Mrnwm Haigh eni tabjtory Audltorl For and on behalf of Haigh & Co, SialutoryAudiior Chartered Certified Accountanis GrBnge Cottage W(mersley DOn￿$ter DN6 9BW L>1 ogte.. 27- YORKSHIRE CHILDREN'S CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 unTh￿bl¢t￿d Re$trl¢ted lunds fund8 2024 2024 Total Unrnstrictsd Restricted luhds lund8 2023 2023 Total 2024 2023 Notss Income from: DDnatiDn& and leg8cie$ Charitable arthwties 426,614 1.126,982 824,508 1,251.1 Z2 1,126,982 121,813 585,109 470.533 592,146 585,109 Totsl income 1,553,596 824,508 2.378.104 706,722 470,533 1,177,255 EX￿nd]I￿re on: Raising fvnds Charitab18 activiti85 1,228.633 277.628 1,323 687.142 1,229,956 964,770 619,261 226,473 1.010 349.096 620,271 575,569 Ti)t•l expendlturo 1,506.261 688,465 2,194,726 845.734 350.106 1,195,840 N•t In¢om•ll•xp•ndltyY•l and movem8nt in funds 47.33S 136,043 183,378 1139,0121 120,427 118,5851 Roconciliation of funds: Fund balances at 1 January 2024 321,542 205.542 527,084 460,554 85,115 545.869 Fund balances at 31 D¢cgmbor 2D24 368,877 341,585 710.462 321,542 205,542 S27.084 The Statement of finandsl actimtss indudes all gains and losses recogrsi8ed In Ihe yèar. All income and &xp$nditure derive IrDrn Gontinuity xtsIAtses. -28- YORKSHIRE CHILDREN'S CHARITY BALANCE SHEET AS A T 31 DECEMBER 2024 202d 2023 Notes Flxed a$sets ran￿ble a65ets Iz 12,554 1£.4f4 urrent assets Debt Cash at bgnk an+J in h￿d 13 f63,624 786,197 56,956 545.406 949.821 602,362 Crodltors: am¢)unts falllng due wlthln one yeaf 1251,953) 190,6KI Ngt Gurren¢ 4ssets 697.868 511,870 Totsl a55et5 less current IlabllltT•s 710,462 527,084 The fvnds of the CIO Restrlcled Income fund$ Unre5tr1Gted funds 17 341.585 368,877 205.542 321.542 710,462 527,084 The thancial ststem8nts were approved by the trustees on........ essa Lee Truste6 YORKSHIRE CHILDREN'S CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes C•$h flows Ir*)m oporating a¢tfvttl Ca$h generated from operatho 22 248,340 50,380 Invostlng actlvlttes Purchase Oltsngi￿è fixed assets (7,5491 14,9171 Not cash u8•d in inve8ting 4ctiYitie8 17,5491 14,9171 Ngt cash gon•rnt•d from act￿ltIeS Not In¢r•a$g In ¢a$h and ¢ash gqyfvalonts 240,791 45,483 C8sh and cash 8quNalents at beginning oyyoar 545.4L 499,943 Cash and cash equlvalents at end ofy8ar 786.197 545.406 YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounting policies Charlty Infom¥￿0￿ yorkshi￿ Child￿n,$ Charity is a charitablg Inco￿orated organisalion regi$terÈd in England and Wales. 1.1 Accountlng convontlon The finsnc481 staternents h8vo been prepared in Sctordants with th8 CIO¥ govèming do¢umen( th8 CharibesAct 2011. FRS 102"ThE Finan¢i31 Reporting Standard appl'cable in the UK and Republic of Irdand. rFRS 102.1 and the Charitie5 SORP Accounling and Reporting by Charitie5'. Ststement of Re￿rnMended Practice applicable to tharilie5 prep4rin9 their accounts in accotdance wlh the Fina￿la1 Repertsns Standard applcable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. Th? CIO is 8 Publlc Benefit Entity as d8fin¢d ty FRS 102. The fin3ncial 5tatwn8nts hav8 departed from the Charites (Accounts and Repvrt51 Regulabon5 2008 only lo the extent required to provKle a Irue and fair view. This departu￿ has involved following the Stafement of Recommended Practs"ts for tharits.trs applying FRS 102 rather than the version ol the Statement ol Recommended Practice Nvhich is refÈrred to in the ReguEation8 but whith has since baen wthdrawn. The financial 5taternents are prepared in slerjing, which is the fiynctiDnHI curtnoy of t￿ CIO. Monetary amounts in these financial ststements are rounded lo the nearest £. Th8 fin8ncial 8t8iern8nis hav8 been pr8paT8d und8r the hkstOric￿ cost convention. Tha prinapal accL)unUng pollaes adopted are set out below. 1.2 Golng concorn At the time of approving the financi81 staternents, the trustees hawe 8 reason8ble expectstion that the CIO has adequate resourR5 to cgntinue in operational existenr* for the foreseeable future. Thus the trustees conts'rsue to adopt the going concern basi5 of accounting in preparing thE finandol statements. 1.3 Charitsble fund• Unre51ricted fvnds aro availablg for u¥e ot the discretion of the trustees in fUrt￿ranCe ol U)eir charltable c&iEctives. RestA¢ted funL18 are subject to speclflc o)nLlrtions by donors or grantors 8S to how th8y may be used. The ￿￿oSeS and u8es of the r881rict8d funds are 88t out in the nctes to the financial st8tements. Endo*Ynentfund$ are subject to 8pecffic conditions by donors Ihalth8 capital must be maintsined by thg Clo. 1.4 In¢om• Income is recognised when the CIO is legally enliled to il after any performance conditions have teen rnet. the wrtounts can b8 mea5Uted reliabty. and il 15 probabl? that income VAII be received. Cash donats.ons a￿ recognised on receipt. Other donations are recognised once the GIO has been notified ol th8 donation. unless perfomiance condibon8 require deferral of the amount. Income lax recoverable in relation to donab.ons received under GfftAid or deeds of ¢ovenanl is re¢ogni$ed at the time rjf th& donation. Legaaes are recognised on receipt or othe￿iSe if Ihe CIO ha5 been notified ol an Mnpending dislribulion. the nounl is known, and receipt Is expected. Ir the amounl 18 not known, th8 legacy is treated as a conting8nt Denated good5 and 5ervice5 8re included in Ihe finanaal 5talern8nt5 at a v3luation whith is an estimato of the m8rket value of the services provided. where such a cost is quantifiable and melsurable. In a¢¢ordan￿ wlh thtr CharitiÈÈ SORP IFRS 1021, the general vO￿nteer time of the committee members and othervolunteer8 is not recogni$•d. 31 YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounlong pollcle8 IConflnu¢dl 1.5 ExpgndituY• Expenditure is re¢ognised once the￿ 1$ a legal or constwctive c&ligation to transfer 8conomic benefil lo a thlrd party, it b probable Ihal a transfer of econDmSc benefits wll be required in setusment. and th8 2mount of th8 obligabon c8n b8 m&asur8d reliably. Expendtture is dassified by aeth¥Aty. Th8 costs of each activity are mad? UP Df the tutal ¢f dI￿rt Gosts and shared o)sts, iDctuding SUPPOrt costs invofved in undertaking eoth activity. Direct ojsts atlnbutable to 8 Single Cli￿7ty are 811oc8ted directty to thot 8ctivity. Shared costs are allocated to aCtI￿tieS in proportion to staff time on the relevant actsvity. 1.6 Tanglble flxed assets Tangible fixed assels are initlalty measured al ¢osl and subsequ8nUy rneasur￿ at etsst or valuats"on, n•t of depreciation and any impaimieTht losses. Deprera8lDn is recognised so as to wrile off the cost or v8luation of a55ets les$ their ￿SidUal values over their uoeful Ive8 on the followng b85e8.' Plant and equipment Fixtures aThJ fil￿"n9$ Computers WebsitB 3 Year Slrai9hl Line 25% Reducing Balance 3 Year Straight Line 3 Year Straighl Line The gain or105s arising on the disposal of an a55et is tletermined as the differents between the sale proceeds and the carrying value of the a$set, and 1$ re¢ogni58d ITh the stat8m8nt of finanual adivities. 1.7 lrnpaim*nt offixed a888t8 A¢ eat* reporbn9 end dale, the CIO ￿vIewS tha carrying amounts of it5 tangible assets to determine whether the￿ is any indication Ihat those assets have Suffered an impaimient 1085. If any Such indication exists, the re￿Verable amount of the asset is estimated in order lo delernine ihe extent of the irnpairment Ioss lif any). 1.8 Cash and ca8h equivalents Cash and cash equwalents include cash in hand, depD5it5 held at call with banks, other short-¢em) liquid investr))ents with original matunlies of thre8 months or less, and bank overdraft5. Bank overdrafts are shown ithin borrovAngs in current liabilibes. 1.9 Flnan¢hl In8trutn•nts The CIO has elected to apply the provisions of S8¢lton 11 '8a8ic Financial Instruments, and Section 12'0theT Financial Instruments Issues. of FRS 102 to 81101 115 financial in5twments. Financkql instruments are r•cogni8ed in Ihe CIOS balance 5hEet when the CIO bectynes p8ty to the contractual provi$Dn$ of the in$tsumenL FlnancAal assets and liabilities a￿ offset. with the net 8mounts presented in the financial statements. when Ihere 1$ a legally enforceabl& right to set off Ihe rewgnised amounts and thero is an intpntion to setdB on a net basis w¢0 re81ise Ihe as68l and setlle the liability slmuttaneou￿y. B•slc Ilnanclalassets Basic finanaal assets, whith rncludg debtors and cash and bank balanees, ere initially measured at transact¢on price includin9 transa¢tion costs and are subsequ8nUy carried at amortised c051 using the effective interest method unle¥$ Ihe orrangernent constitutss a finanong transaction, wbere the Iransa¢bon is measured at the present valu& of the future receipts discounted at a rnark8t r8te of interest. Fin8noal 855ets dassthed a8 receivable wthin one year are not amortised. 32- YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS (cofrIfiNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounting policia¥ (Gontlnuedl Bas1¢ finan¢lal Ilabllltles 88s5¢ financlaj liabilities, induding ￿ditorS and bank loens are initkqlly recognised èt tr8nsa¢tion pri￿ unle85 the arrangerneni ¢onstitutES a fin3ncing Iran5action, where the debi inslrumeni is measured at the present V81ue cl the payments di$wunt8d al 8 mark8l rate of interest. Finsnckql liabil'ties daS￿fied as paYa￿e within one year are not arnortised. D8bt instruments awè subsequentty csrried at amoiti$4d cos( u51ng the effects.ve Inte￿$1 rate meU)od. Trade creditors arè obligation5 to pay for good5 or Servi￿5 that have bEen acquired in the ordinary COU￿ of operab"on$ from suppliers. Amounts payabl? are dassifi8d as ¢urrant liabilities rf payment 18 due within oThB year or le6s. If not, they are presented a5 non-CUtTent lia)iliti8* TFade tr8ditors 8re recDgnised initi81ty ?1 tr8n$8L*ion price and $LtbseiuenUy me8$ured 8t 8motti8ed cost U$Ulg the effectiv8 int8re8t method. Derecognlllon of flnanclalllabllllle5 Fnanckql liabilitie5 are derecognised when the CIO'5 contrarttsal ob1Kjat￿ns ev1￿ or are dis¢hanJed or cancplled. 1.10 Employoa benafits The cost of any unused holiday entitlerrEnt is reccgni5ed in the period In byhlch the employee's 8eNces are rec*iv&d. TeFmination tonefits are recognised immediately as an expense when the CIO i& demonstrably commthd lo tenninate the employment of an employee ar to Pro￿de terminats.an benefits. 1.11 R8tlrem8nt beneffts Payrnent5 to defined contribution Feti￿rne￿¢ benefil$theTllE$ atE charyed as an expense a5 they fal due. 1.12 GreatYork8hlre Bulld The Great yorkshi￿ Build is gn initialve Whe￿bY the Charty acts as a facilitator foi building contr8Ctots and F¢ofes$ional seM¢Ls wod(ing tegether to deliver stats-of-the-art school faulitie8 to the region's Specialist inthsik* leaming centres ISILC'sl and special educational needs 8nd di5aillity ISENDI schools most in need. Once the contracl with the principal centractor is signed and the unconditional commitmenl to the school has been m￿￿ . the ch8rity T8￿gniSeS th8 gffl in kind don8tion in full al a valuation whieh ts an estimate ol lh• market Value of the Servi￿S and Tnateri3t5 which wll be prowded_ valua atthbutèd tts thè donation rèc*iv•d wlll also be tynmediatoty recognBed a$ direct tharitabje expenditure. Crttl¢al •¢￿un0￿g •Btimats$ and jvdgaments In th8 aP￿Ication of the CIO'S 8coJunling poliaes. the trustees are wuired to make judgements. estimales and assurytions about Ihe carrying amouThl of assets and liabilities ihal ar8 not readily apparonl from clher sources. The estimates and a650ualed assurnplions a￿ based on hi$lorirAI experiefi￿ and other f2¢tors that are considered to be relev8nL Actual re8vIts may differ from these estlmatès. estimates and underfying a$$umption$ aro re￿?W8d on an ongoing bass. Revision5 to accounting estimates 8re recogni5ed In the péftod in which the estwnat8 18 revised where Ihe tevision affects only that period. or in the period ol the revis¢on and fvlure periods where the reM5ion affects both current and fubJre riods. -33- l Li) th v ¥> * Lt> ro Oio U>C)W)vC DQC*in UJ D)0 r Orif•U>OO O U> ￿ o ro ¢C4 oooono InvOVOC )￿10¢￿ Ln O (Y Vnr88trietsd lund$ 2024 Unmstrletéd fundg 2023 Fundrdi8ing Event tithet sa198 Auction sle8 Advertising Spon50r5hip Other incorne 686,830 213.772 4,900 218.871 2,609 333,225 69,184 1.300 181.400 1.126,982 585.109 Expendlture t)n rahlng funds UnreBtrl¢tpd Re$trlcted funds fund8 2024 2024 Total Unrostrictsd R•$tri¢tsd funds fund5 2023 2023 Total 2024 2023 Fundraising and publicity stasing fvnthaT5ing eThts 910,650 1,323 911.973 409.107 1.010 410,117 Trading eosts Support costs 317,983 317,883 210,154 210.154 Totsl costs 1.228,633 1.323 1,229,858 619,261 1.010 620.271 36- I 11 Ill YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charhable a¢￿¥511*$ Iconllnuèdl Fortho yoar èndèd 31 D颢mbor 2023 Yorkshlre Equlpment Blg Bulld Helping Hahd School8 Nelwork Schools Out Totsl 2023 tirect Ch8rtsble EXPe￿￿lture 88,503 20,720 11,807 204,329 33.355 8.514 sho￿ of support ￿$t& Isee note 71 Share ol govarnanc• costs Is¢? not? 71 38.124 24,802 24,802 50.356 50,356 188,440 5.789 3,766 3.766 7,647 7,647 28,615 132,416 49,288 40.176 262.332 91,358 575,569 Analysls by lund lthrestricted funds Restrided funds 44,14S 88.271 28,568 20,720 28.568 11.607 58.031 204.301 67,161 24,197 226,473 349.096 132.416 49,288 40,175 262.332 91,358 S7S,569 38- YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEME￿￿5 {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support ¢osts Support Govemance Costs C08ts 2024 Support Governance costs 2023 Staff D)sts Dep￿(aab.0n Financ¥ c*arge$ HR & stsffing IT & communications Mee*ngs & travel Mernber5hips, Subscriptions & donations Office costs A¢vekty"$ing. PR & Soryal medi8 Clothing 391,352 10,370 8,216 34,935 24,309 11,005 391,￿2 10,370 8,216 34,935 24.309 11.005 286.436 8,967 5,288 19,318 17,935 12.789 288.436 8,967 5.288 19.31 17,935 12,789 4,125 21,147 4,125 21.147 1,998 18,159 1,998 18,169 33,660 3,405 33,650 3.405 Ac¢JJntarw & 8udit Insurance Consultan 24,393 9,988 16.200 24,393 9.988 16,200 22.720 5,449 28,150 22.720 5,449 28.150 542,514 50.581 593,095 370,890 56,319 427,209 Analysed between Trading Charitable 8dNities 290,864 251,650 27,119 23.462 317.983 275,112 182,450 188,440 27,704 28.515 210.154 217,055 542,514 50.581 S93.095 370,890 56.319 427.209 SuA)Drt wsts re18te to costs of eAntr81 activiti88. These are allocated to adiviliès in propDrti¢n to slatt ts.me on the rdevant actiyty Govarnance Costs inCl￿e an audilfee aCc￿al of £8,40012023.. £7,560) due to lh$ auditors. NgtfflOV0rn0nt in fund8 2024 2023 The net rnovernent in funds 15 Stated after chargingllcreditinyl". D6predation of ¢)wnéd tsnglble fi￿d as68ts 10,370 8,967 None of the tnjstees (or any persons confiected wlh thernl r8caNed any remunerab.on or tenefits frMI the CIO during the year. YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employees The average monthly number of employees during the yearwas.. 2024 Nvmb•r 2023 Numb•r Employmentcosts 2024 2023 Wages and salaries Soaal seeurity costs h8r p8nswM ojsts 353,635 30,350 7,367 258,317 21,474 5,645 391.352 286,436 The number of empltsyees whose annual ￿MUneration (which indudes tsxable benefits in kindl was more than £60,000 is as follows.. 2024 Number 2023 Number £70,001 to £80,000 Rènwnwatlon of kéy manag•m•nt p•rsonn•l The r￿Unerab"On of key mgnagemenl personnel was as follows. 2024 2023 Aggregate compensation li￿lUdIng tsxaUe benefits, employeff s Nl and employerfs pen$ion¥l 90,469 76,907 11 Taxation The d)arity 58 exempt from lax on income and gains falling within 38clion 505 rflh8 TaxesA¢l 1988 or section 252 of Ih? Taxation of Chargeabl¢ Gain$Aci 1992 to Ihg oxt8nt thatthese are applied to its charitable objects. -40- YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Tanghle flxed a••ets PIDntand Fixturna and LqulprnBnt Compirt•VB W•b8lt• Tot41 At 1 January 2024 dillon6 11,879 3,154 7.314 3.675 6.960 720 28,613 7,549 At 31 Decgmbw 2024 15,033 1a,989 7,680 36,162 DtrpYo¢iallon and Imp4imient A 1 January 2024 Depreciation charged in the year 4212 4,￿7 692 442 3.736 2,879 4.558 2,482 13,198 10,370 At 31 December 2024 8,779 1,134 6,61S 7.040 23,588 Carying amount At 31 DEcembeT 2024 6.254 1.326 4,374 640 12,594 Ai 31 D￿mber 2023 7,667 1.788 3.577 2,402 15.414 13 Dèbtors 2024 2023 Amounts falling du? withln one yoar: Trade debtor5 OthBrdBbiors Prepayments and accmed Income 117.260 31,423 14,941 23,708 3,808 29.440 163,624 58,956 14 Crgdltorn: •m¢)unts fallSng duè thlthln on• ￿or 2024 2D23 Nots8 Othertsxation and soal security Deferred income Trade crediiors Other creditors Acws18 10,145 54,850 64.088 2.469 120.401 15 10.000 18.543 1.303 80,846 251,953 9),692 IS Def•rred incorno 2024 2023 C¢hw defe￿d income 54.850 10,QLK) 41 YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Deferred Income (Contlnuedl Dafwed In¢une is Incluiled in the finantial s￿tem￿¢S as folk)ws'. 2024 2023 D&fvTred In￿me is induded within-. Current li8biliti98 54.850 10,000 Movements in the year.. Defeffed income at 1 January 2024 Released from wevious period5 Resources defer￿d in the year 10,CQO iio.0001 54,850 80,686 (70.6861 Defeffgd in¢om¢ at 31 0¢¢￿ber 2024 $4.850 10,000 16 R•tirement ￿nefit 8chernes 2024 2023 Defjned contribution schemes Charge to profit tsr loss In respect of defined contrtbutSon sch*nes 7,367 The CIO operate8 a defined contribubon pension Scheme for 811 qualifying ernpby885. The 35sets ol the scheme are held separately from those of the CIO in an independ8ndy adrnini51ered fund. -42. YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMETrifs {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 17 Restrlcted funds The restricled funds of the charity ￿mpriSe th? uneypBnd?d b8lance5 of donations and grants held on trust 6ubled to spetsfic co￿￿110nS by donors a5 to how they rnay be used. At l January 2024 Incomlng resource8 Re8ourc88 expendad Tran&fers At31 December 2024 Grnat Yukshire Build Contributions to Ind￿idUal5 EqUIp￿ent School N8ttvork IE88t Yotkshirel Young Entrepreneur Ghallenga Ilonnerly L88p Challenge) l>ants IfomieNy charilabl 80,216 308,877 1242,9741 146,119 100 10,0( 8,7931 1.207 500 15001 67,069 389.170 3,267 20,000 42,076 8,000 3,500 10,000 (284,8111 13,3221 110.5461 183,8331 17,9701 13,6931 110,0001 15,0001 15.0001 120,5001 11,3231 12001 1218 55 172,110 E8Ster Egg Campaign ds on Bikes Imnter Support Campaign London Marathon Sport5 Day yor4G0￿jFvndGrant Bellfield Primary School AJko- Dg5ts"ny Donalon Forest Scho St James Place Selection BOx￿pea1 SedulD Ead Fit2willlam Trusl The Gtace Trust 9,454 41,757 1301 193 5,000 5,000 20,500 1,323 200 2,000 2,500 8,095 2,000 2,500 8,095 205,542 824,508 1688,4551 341.585 -43. YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMEp￿s (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 R¢strl¢tsd funds IContlnu•dl Prevlous yBar. At 1 January 2023 In¢omSng R¢sOu￿¢S rèsources 8xp8ndod Transl•rs At31 December 2023 Great Yorf¢shire Build Contribulions to Indiwduals Equipment Sthool Ne￿rk (East Yorkshire) Young EntreptEneur ChallerrtJe Itortnerty Leap Challenge) Grants If0￿8￿Y charitabE8 activitie¥l Imnter Support Campaign Contribution to Costs at YBA Be15fi8ld Primory Sthool 74,981 93.5C6 188,2711 80,216 100 100 10,000 10,000 1.258 17581 soo 157,260 212.490 1.010 189,3251 1170.7421 11.0101 67,969 41,757 5.000 85,115 470,533 {350,1061 205,542 YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Rostiictsd fund$ IConllnu¢dl Purpose of Restrlctsd Funds: Great Yorkshire Build Thi$ scheme hefps the charity to delwer stsitrof-th&vart school farAlitie$, Creating environments where Staff rBel rwergised to t?8th and ¢hild￿n are gxcii¢d tg lesm. Contributions to indmduals ent The charity donates equlwienl ￿+ch can offer Iwe thangin9 b8neffits. independence, lib8r8b)n. and t opporbJnity for thildren and young peop18 to eng8ge with the wortd around them. DDll8tion5 are s(Klletimes ived for speufic int*'viduals equipmenL Through netr40rking wlh sehoojs, Ihe eharity e8n learn best lo dired its resources. Youn EnbE neur Challen Fortnetl Lea Challen The leap challeng? ?nables $tudents to set up thgir own ￿mpanIeS for a schoDI year, 188rning busines8 skills aTha teamwork. rants Fom)erf Charilabk Actlwties Induded wilhin thè charitable aCti￿ty restrKt&d lund are incoming resources receiv8d which wll be 8xdusive used forthe chaiitable aetivits"e$ of tha CIO li.è. not support, govemance, fundraising or trading costs). Winter Su ort Th8 campaign brings together VDlunt88rs. donations, and h8rd WOFk to ensure that vuln8r8bl8 Ghildren r8ceive essential wnter items like coats and sho￿. 85 well as gifts to open on Christmas Day. A gr8nt received to ba used for a trampoline and padding for a Rebound Therapy ioorn at the Big 8ulld at Hilltop. Agrant r8ceN8d to be used fora d8S8room pad( an the Hilltop Great Yothshire Build pro5ect. An initiative lo get kids ey¢lSng in eollaborotion wlh Tem Pideock. Agrant re¢gNed to ￿ usgd to provide wami dothing for young peopl? l¢ving in property. 18 Unrestr1￿td funds Tho unr￿tricted fvnd$ of th? ¢harity ￿MpriSe Ihg unexpended balances of donation5 and grant5 which are not subiectlo spedfic conditions by donels and grantors as to how they may be used. These indude de8ignated fund$ whrh h8ve been Set aside out of unrestiict8d funds by the trostee5 for speclfic purposes. At 1 January 2024 Incomlng ro8ource8 Resources &xpandod At31 December 2024 Genaral funds 321,$42 1,553,596 11,508.261 368.877 .45- YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMETrrrs (CONTINUEO) FOR THE YEAR EAIDED 31 DECEMBER 2024 18 UnroStrf¢t•d fvnds lcontlnuedl Previou8 ye•r: At 1 January 2023 Incoming re$our¢es Resource expended At31 December 2023 General funds 460,554 706,722 1845,7341 321.542 19 An3￿1¥ of n•t￿ets btheon fund8 UnYostrl¢tod fund• 2024 R•51riet•d nd6 2024 Totsl 2024 At31 December 2024.. TangSble assets Current as$eWOiabilltlE51 12,594 356,283 12.594 697,868 341.585 368,877 341.585 710.482 Unrestrictsd fund• 2023 R8Strictsd fisnd5 2023 Totsl 2023 At 31 December 2023.. T8ngibl8 gss8ts Current assetslOiatsilitigs1 15,414 306,128 15.414 511.670 205,542 321,542 205,542 527,084 20 Future commitm8nt8 Amounts contracted for but not provhYEd in th2 finanaal 8taternents.. At the year end the thority had made a commitrnent to Hilltop Stho¢l in Rothetham as the site tsl the tharitys second &eat Yo￿Shire Build proiert AJEhough the project h8s sinR expanded significanuy as detailed within the annual report, at ￿ year end lh& charity had commrtied to a grant to the school of works toialllng £3,496.567 tg be delivered by supporters of the d)8rity 8$ 8 gift in kind. 21 Relatsd party twansaction• Trnnsacdon¥ wlth rel&ted p8rt508 At the year end, the d)arfty was Dwed £2.000 by ltsnessa Lee. a trustee.. £12.000 by her spouse Chrtstopher Lee., £960 by an LLP of which $he 1$ a member, and £100 by a company controlled by her Spouse. PJI amounts have beèn sott￿￿ èft6r the yéar ènd. YORKSHIRE CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMEpifs {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Ca8h 9enerat•d from opgratlon• 2024 2023 Surpluslldelieill for Ihe yEar 183.378 118.5851 Adlusbnents for: Depreciabon and impaimieni of tsngiNe fixed assets 10.370 8,967 Movements In wO￿l￿g c*pltal: IlncTraseyd8c*ease Mi debiors Increasg in creditors Increas&lldecreasel in defeffeij Income 11[￿.669) 116.411 H.850 110.550 20,134 170,6861 Cash generatsd from operatlon$ 248,340 50,380 Analy818 ol¢hang•8 Irh netfvnd$ The CIO had no Mate￿81 debt dudng th8 year. -47-