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Trustees’ Annual Re ort and Accounts p Year ended 31 March 2024

Yorkshire Wildlife Trust is the only charity entirely dedicated to conserving, protecting and enhancing Yorkshire's wildlife and wild places

Yorkshire Wildlife Trust is registered in England no. 00409650 and is a registered charity no. 210807. Registered Office: 1 St George’s Place, York, YO24 1GN Cover Image: Water vole by Mark Bridger

Yorkshire Wildlife Trust Report of the Board of Trustees

Yorkshire Wildlife Trust Report of the Board of Trustees

Working together for a Wilder Yorkshire ..............................3 Our year in numbers .............................................................4 Our Strategy ..........................................................................5 Nature in recovery: Ecosystems and Landscapes .................6 Nature in recovery: Our Reserves ........................................9 Nature in recovery: Estuaries, Coast and Sea ......................11 Nature in recovery: Evidence, Strategy and Advocacy .........12 People taking action .............................................................14 Our supporters ......................................................................15 Our corporate members and supporters ............................16 Trustees Annual Report .......................................................19 Auditors Report ....................................................................22 Annual Accounts .................................................................25 Consolidated Statement of Financial Activities ....................25 Consolidated and Charity Balance Sheets ............................26 Consolidated Cash Flow Statement ......................................28 Notes to the accounts ...........................................................29 Looking ahead .......................................................................50

Brimstone butterflies courtship dance at North Cave Wetlands

2 Annual Report and consolidated accounts | Year ended 31 March 2024

Working together for a Wilder Yorkshire

Welcome to our 2023-24 report as we present just some of our highlights from the past year. We remain committed and determined to drive nature’s recovery in Yorkshire, despite challenges from the rise in costs because human pressures on our wildlife remain high - and are increasing.

This report showcases the breadth of work we do for wildlife across Yorkshire’s great landscapes, along the network of water courses and stretching out into the North Sea. Our dedicated Peat, Wild Ingleborough and Marine and Wilder Humber programmes, continue to restore our vital ecosystems from the uplands to the coast, and from source to sea for a wilder Yorkshire.

TeamWilder approach puts people and communities at the heart of nature’s recovery.

We are interconnected with the UK and the Crown Dependencies, as a member of The Wildlife Trusts’ federation. Our work as an active contributor to the collaborations and ambitions at national level pays dividends for Yorkshire’s wildlife and residents.

Finally, to everyone who has supported us in whatever way in the past year – thank you. Your support is vital for us to continue our work to meet our ambitions for wildlife, so we may all have a secure future.

Our teams work to help as many species as possible in diverse and dispersed places across the region, with a focus on networks for their recovery, with restoration and reintroductions benefitting a range of species and delivering services we all need.

Our achievements in wildlife conservation and protection are accomplished through team effort. Led by our strong, resilient and evolving staff, and so often only achievable with the additional effort made by our fabulous volunteers, with incredible support too from our members and funders. Our new

Jo Webb, Chair

Mick Armitage, Hon.Treasurer

Our Governance

Directors and trustees

Trustees serving during the year are: Prof. Alastair Fitter CBE (to Oct 24) Gurdev Singh Joanna Webb (to Oct 24) Martin Randle (to Oct 24) Paddy Hall (to Oct 23) Richard Tripp (to Oct 23) Nick Perks Dr Mick Armitage Peter Meadows Dr Ceri Williams Nabil Abbas Michael Graham Dr Jane Smart OBE Suzannah Rockett (from Oct 24) Anna Dimitropoulou (from Oct 24) Neil Bramley (from Oct 24)

Officers of the Trust President Prof. Sir John Lawton

Patrons

Stephen Martin OBE

Chair of the Board Joanna Webb

Company Secretary Nick Perks

Honorary Treasurer Martin Randle (to Oct 23) Dr Mick Armitage (from Oct 23) Directors of Yorkshire Wildlife

Services Limited Darren Tiffney Christine Packer (to Nov 23) Pete Meadows (from Nov 23)

Yorkshire Wildlife Trust Charity number 210807. Company number 00409650

Yorkshire Wildlife Services Limited Company number 09922108 Registered and Principal Office 1 St. George’s Place, York, YO24 1GN

Legal Advisors

Harland & Co, 18 St Saviourgate, York, YO1 8NS Auditors

Saffery LLP, Chartered Accountants and Registered Auditors, 10 Wellington Place, Leeds, LS1 4AP

Bankers

Barclays Bank plc, 1 Parliament Street, York, YO1 8SE

Chief Executive Officer Rachael Bice Deputy Chief Executive Martin Slater

Director of Finance Darren Tiffney

Director of Fundraising and Engagement Amanda Spivack

Head of Human Resources Jane Hamilton Head of Nature Recovery Sharne McMillan

Year ended 31 March 2024 | Annual Report and consolidated accounts 3

Our year in numbers

42,311 members

2,000 welcome calls made

85,000 magazines delivered

22,142 memberships

1,370 donations processed - worth £436k

52,761 volunteer hours (equivalent to 28 additional full time staff)

1,609 volunteers

447 #TeamWilder sign ups

28+ local action groups actively supported

411 Wildlife Gardening Awards

19,527 people engaged (of which 9,493 were children)

652 engagement sessions

77 broadcast interviews

172 online and print articles with a ‘opportunity to see’ of 18.8 million with coverage

4 Annual Report and consolidated accounts | Year ended 31 March 2024

Our strategy

For 78 years the Trust has brought people together to learn from, protect and support Yorkshire’s wildlife and wild places. Looking ahead to 2030, our work will be more urgent and important than ever before, as a driving force and beacon for nature’s recovery.

We want to see biodiversity and wildlife populations increase again, our natural systems returning to health, and residents and visitors alike to benefit from a healthier, more resilient natural environment.

Ambition 1

More land and sea positively managed for wildlife

Ambition 2

More people taking positive action for wildlife

Ambition 3

Active support for wildlife is embedded in the framework of society

Your support for nature’s recovery is vital.

PINE MARTEN

Year ended 31 March 2024 | Annual Report and consolidated accounts 5

Nature in recovery Ecosystems and landscapes

We’ve been working at landscape-scale to restore biodiversity and improve habitats, from our incredible peatlands and Dales uplands to our precious network of rivers.

Peatlands

Yorkshire Peat Partnership restore peatland soils for habitat, atmospheric carbon reduction and slowing the movement of water.

Another 4,084 ha were brought into restoration in the uplands this year.

Almost 750,000 cotton grass, crowberry and sphagnum plants were planted to slow the flow of water through 157 km of eroding channels: the nearequivalent length of the entire river Aire.

Species Recovery Programme funding has been awarded to investigate the potential for reintroducing back into our lowland white-faced darter dragonflies peat bogs.

Cumulatively, 42,868 hectares of peat have now been restored: an area the size of Bradford.

In south Yorkshire, our team are carefully restoring internationally important lowland peatlands , an excellent example of a lowland raised mire and a haven for breeding nightjars :

n The Humberhead Peatlands comprise Thorne, Goole, and Crowle Moors, as well as Hatfield Moors, and represent the largest area of raised bog wilderness in lowland Britain at 2,887 hectares in size.

n Following surveys last year, restoration work was carried out on the lowland peatlands in the Humberhead Levels with support of the Nature for Climate Fund . Water levels across the landscape needed to be more effectively managed to ensure the peatland can regain its functional integrity.

n To enable this, two new 2 retrofit tilting weirs were fitted on to existing steel pile dams and 570m of ditches were cleared.

Lowland peatland in the Humberhead Levels

6 Annual Report and consolidated accounts | Year ended 31 March 2024

Wilder uplands

Our Wild Ingleborough programme continues,

approaching the end of the first phase restoration with more land in recovery, extensive numbers of montane trees planted and several landowners involved in the care of this much loved Dales landscape.

Woodland recovery:

Another 31,591 native trees were planted to re-establish the natural tree line and habitats across the mountainside, with the help of 1,018 volunteer hours .

Conservation grazing:

An essential part of conservation grazing is the

upkeep of our boundaries to keep our livestock in and neighbouring livestock out. In 23/24 we repaired 100m of drystone walls with the help of 592 volunteer hours.

Species recovery:

We started collecting wildflower seed to propagate

and grow on in our nursery including the rare and isolated species purple saxifrage, spiked speedwell and globeflowers . We’ve been propagating the rare holly fern in a novel way too, by collecting spores into a spray bottle, mixing with water and spraying directly onto suitable areas of limestone pavement, helping to establish it into new areas around Ingleborough. We are already seeing early green shoots of success.

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DWAYNE MARTINDALE
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Dry stone walling at
Ingleborough
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John Muir Awards for schools in Settle and Kirkby in Malhamdale

In Spring 2023, 35 children from two local primary schools took part in a project with Wild Ingleborough focussing on ground nesting birds. The work earned them a John Muir Discovery Level Award . Studying Ingleborough, the habitats found there and the different types of birds that make the area their home, the children designed a campaign to raise awareness about the vulnerability of

ground nesting birds. Their focus was curlews , their risk of extinction and the need to take action to protect them. The children became passionate advocates for ground nesting birds, sharing their message in school assemblies and in a special presentation to parents at the Victoria Hall in Settle. Children from Kirkby in Malham wrote poems about ground nesting birds for their literacy work, two of which won prizes in the charity Curlew Action’s World Curlew Day . poetry competition

Teacher John Bell said:

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Collecting fern spores
for propagation
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“The project has been an excellent experience for the children and a great way for them to learn about a local issue with global significance. Most importantly, it has taught them practical ways that they can make a difference”

Year ended 31 March 2024 | Annual Report and consolidated accounts 7

Rivers

n The Yorkshire Derwent Catchment Partnership has continued ongoing restoration work, with 54km of riverbank treated to control giant hogweed , a species which is not rare enough! We also restarted the Foss Catchment Partnership project – which looks to reverse some of the rivers’ decline. The project works with farmers to improve water quality by reducing the amount of sediment and pollution entering the watercourse, mitigating flood risk using natural flood management techniques throughout the Foss catchment, and improving habitat for the river Foss wildlife. The Foss Operations Group works with over 25 partner organisations and tackles issues including invasive species.

n The Reviving Calderdale’s Rivers project was a 12-month partnership project between Yorkshire Wildlife Trust, the Wild Trout Trust and Calder & Colne Rivers Trust. The project was funded by the Environment Agency and Yorkshire Water and looked at restoring and improving riparian sites throughout the Mid-Calder catchment. Amongst other work, several tonnes of rubbish were removed from Hebble Brook, and willow spiling (a living willow wall) was installed along two farmers’ fields to prevent erosion. A population of endangered white-clawed crayfish were also rediscovered at Luddenden Brook as part of the project, previously thought extinct in the area.

n The river Swale suffers from a lack of or disconnected floodplains, decreasing wetland space, and pollution from agricultural run off. The goal of the mid-Swale project is to restore, enhance and recreate these vital habitats, and we have been working with local landowners to do this whilst also reducing agricultural run-off and potentially lowering flood risk.

This year we have restored three ponds located on farmland adjacent to the Swale, as well as improved their margins for wildlife whilst maintaining the original brick and stone lining. We have created areas of new wetland along the river, reseeding the margins with a local wetland grass mix then fenced to prevent damage by livestock. We have reintroduced purple loosestrife and ragged robin to improve degraded wetland areas. Finally, we hosted a talk to raise awareness to landowners discussing the importance of soil health and how to farm in a more wildlife friendly manner – as well as the added benefits it could make to the land and their finances.

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CLAIRE BURTON
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A restored pond from
the mid-Swale project
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Before: newly
planted buffer strip
After: buffer strip
in action
JOHN CAVE
JOHN CAVE
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n Dynamic Drains:

Dynamic Drains is a project exploring Kingston-UponHull’s rich history and relationship with its drainage system. Alongside the Environment Agency, Hull City Council and Groundwork, we hope to inspire communities to take action and help protect Hull’s watercourses, with new interpretation produced by our design team and trail cameras giving an insight into the area’s more hidden wildlife.

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New interpretation about
Hull’s Dynamic Drains
ANDY STEELE
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8 Annual Report and consolidated accounts | Year ended 31 March 2024

Nature in recovery Our reserves

Our nature reserves contribute to a network for nature’s recovery across the region, as we restore and create new habitat. We are always delighted when our reserves provide space for some of our favourite species to rest, feed and breed. This year’s highlights from our portfolio of 111 nature reserves included;

Eagled eyed recorders at Potteric Carr rediscovering rare water beetle Berosus luridus , last recorded in 1937 and thought locally extinct.

Water germander , last found in Yorkshire in 1863, was successfully reintroduced to Boltonon-Swale with ongoing monitoring in place.

In the Lower Derwent Valley, the Yorkshire Derwent Catchment partnership planted new areas of tansy across several reserves to encourage populations of the rare and brilliantly coloured tansy beetle, as well as the rare greater water parsnip at Wheldrake Ings.

An osprey using the new platform at Ripon City Wetlands .

We try to ensure our reserves are accessible for as many people as possible. This year at Hetchell Wood , we resurfaced approximately 200m of public footpath, installed a brand new 57m handrail, a new retaining wall was built for a spring, and around 140 brash bundles were installed across the craggy slope to combat erosion.

A mother otter with cubs were spotted for the first time in 60 years at Wheldrake Ings .

Conservation grazing with sheep and ponies improved habitat at Potteric Carr, resulting in little ringed plover breeding alongside two pairs of bitterns and two pairs of willow tits .

water rail visited Adel Dam nature A secretive reserve for the first time.

Osprey

Volunteering to make a change

Much of the work achieved on reserves for wildlife and for access is enabled by the incredible support we receive from volunteers. Over 1000 amazing people gave over 50,000 hours of their time this year to help care for the reserves and the Trust’s wild places. 96% said they would recommend volunteering for the Trust.

Year ended 31 March 2024 | Annual Report and consolidated accounts 9

Caring for our precious plants and animals

Our teams also work with other landowners to ensure some of our most vulnerable species can survive and, where possible, thrive in Yorkshire.

n One of the most difficult jobs this year was the management of Avian flu at North Cave Wetlands: unfortunately 40% of the nationally-important black headed gull colony there was lost. However, thanks to brave and quick action by our staff who collected over 1000 dead birds, the spread of the disease was minimised and the remaining birds did not succumb to the virus. A number of chicks fledged, and figures this year have improved with over 800 breeding birds returning in spring 2024.

n Little terns had a record-breaking nesting season on the beaches around Spurn where we work closely with Spurn Bird Observatory. SBO reported 107 fledging from 58 nesting pairs thanks to factors including improved habitat and reduced disturbance.

n Work continued to support the critical population of white-clawed crayfish surviving in North Yorkshire, and we began work with Flamingo Land to develop a crayfish hatchery, which will restore populations over the coming years.

n Establishing rare plant populations is a foundation for nature’s recovery. This year we have seen the first flowering lady’s slipper orchids in the colony we reintroduced. By installing rabbit fencing, we preserved the first flower spikes of seen at Ellerburn Bank greater butterfly orchid for several years. While only a handful of these beautiful plants flowered, we are delighted that they cling on and will work to maintain and increase the population.

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SARA, TELLING OUR STORIES VOLUNTEER
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White-clawed crayfish
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Greater butterfly
orchid
Lady’s slipper orchid
JONO LEADLEY
GUY EDWARDES 2020/VISION
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Caring for woodlands

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NYM NP
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Making the best of ash
dieback at Little Beck Wood
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Ash dieback continues to be an issue on our woodland reserves and across the UK. We assess and fell dead and dying trees to keep our sites safe – but it’s having a huge impact on our time and resources. We are monitoring the progress of the disease and will report on how our woodlands are responding to the management works in the coming years.

However, challenges can also bring opportunities. Thanks to funding from North Yorks Moors National Park Authority we commissioned a thought-provoking installation by local artist Steve Iredale. Carved into the side of a felled ash tree, it can be seen by all visitors walking the Coast to Coast National Trail which passes through Little Beck Wood. The intention is to prompt a moment of reflection on our relationship with the natural world.

10 Annual Report and consolidated accounts | Year ended 31 March 2024

Nature in recovery Estuaries, coast and sea

The summer of 2023 saw the North Sea reach temperatures 5 degrees above average. This climate change-induced pressure on our marine life makes our restoration work all the more important. This year:

We planted over 15,000 seagrass seed bags into the Humber estuary mudflats, covering an area of 10 hectares.

As we inspire and educate more people about Yorkshire’s marine life, there are more eyes looking out to sea. This year, a pod of 35-40 bottlenose dolphins were sighted at Spurn Point in September, and four common dolphins at Runswick bay which is very rare for that area of coastline.

Planting our seagrass seed bags into the Humber mudflats

We continued to restore the European flat oyster population there; 40,000 adult and juvenile oysters are now growing on trestles in the Humber estuary.

Other unusual visitors included a sunfish and basking shark off Flamborough Head - perhaps just passing though, or possibly harbingers of climate change.

Our dedicated Waves of Waste volunteers undertook 55 beach cleans on 6 of the most critical beaches for wildlife along the Yorkshire coast.

Engaging people to care about the wonderful wildlife in the North Sea and around our coastline takes many forms. This year over 7500 people joined events run by our Wild Eye partnership across Scarborough and Whitby, taking part in seaweed searches and cyanotype workshops, seafood cookery classes and attending marine wildlife.

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SIMON TULL
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Year ended 31 March 2024 | Annual Report and consolidated accounts 11

Nature in recovery Evidence, strategy and advocacy

As the year progressed, we continued to draw together the evidence for the State of Yorkshire’s Nature report, and work on the development of our strategic approach to nature recovery – both due for completion in 2024/25. Meanwhile work on the ground and in our local networks continued:

Conservation evidence

n Our teams continued to advance the practical methods of data collection for conservation to improve our impact. A new approach on the River Hull catchment was developed to systemise data collection and establish more volunteer water quality surveyors.

n Our Invasive Non-Native Species (INNS) team launched the refreshed UK INNS Mapper – an app and website for the reporting of sightings, surveys and management of INNS across England, Wales and Scotland. The Mapper is free to use and aims to provide an effective resource to support INNS programmes and coordinate efforts.

n We used eDNA sampling to evaluate the success of the new ponds created under the District Licencing Scheme for Great Crested Newts which we implement for Natural England. We discovered newts were living in 9 of the 37 ponds created the previous year, which is a 24% success rate – the precise national average, and a very promising sign.

Kick sampling the chalk stream at Skerne Wetlands

12 Annual Report and consolidated accounts | Year ended 31 March 2024

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Some creative signs at the
Defend Nature Rally in York KATIE WICKISON-MAPP
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Speaking up and advocating for wildlife

n We continued to engage in the Planning System to speak up for the wildlife across Yorkshire, using a new prioritisation system to ensure we use our resources to have the most impact. This new system resulted in more effective advocacy, with 18/90 applications with YWT comments considered in the planning officer reports, compared to 1/588 in 22/23.

n A particular success was at Paull Holme Strays, where our ~~advice and evidence to the Planning Commitee meetng~~

resulted in the rejection of a damaging development proposal for a new caravan park at Fort Paull next to our reserve.

n We mobilised to #DefendNature, as environmental protections and concerns continued to be marginalised by the Government. We attended the Defend Nature Rally in York, to stand up for the Nutrient Neutrality regulations in September and to raise awareness of nature’s decline reported in the ~~Natonal State of Nature report.~~

Local Nature Recovery Strategies

n Our teams began the engagement in each combined authority area to support the production of these documents. We facilitated a successful workshop event, bringing together wildlife organisations from across Yorkshire to explore partnership working opportunities to drive nature’s recovery in Yorkshire, so our collective voice could be more powerful than the sum of our individual parts. At the workshop we focused on what nature absolutely needs from the LNRS process so we could have a clear collective voice when speaking to local government. Barn owl

Advocacy

n We developed a relationship with North Yorkshire Council’s Highways team regarding their verge management regime. This is developing into a full workstream around other linear habitats, looking at how their management can be positively influenced to be better for wildlife.

n We continued to work with the Yorkshire and Humber Climate Change Commission to meaningfully address the nature and climate crisis, completing phase one of the Commissions work and helping to design phase two which will focus on land and water use planning. These are essential if we are to co-exist successfully with other species in future.

n The General Election loomed, and we began preparation to be ready for it to be called during 2024. This included several staff attending the Federation conference in September, focused on mobilising the movement for ensuring nature was in mind during the local and national Elections in 2024.

Year ended 31 March 2024 | Annual Report and consolidated accounts 13

People taking action

Driving understanding of and enthusiasm for Yorkshire’s incredible wildlife remains a vital part of our work to aid nature’s recovery.

n We want our members and visitors to have positive experiences at our reserves and completely updated our nature reserves guide this year. Discover Yorkshire’s Wildlife includes a whole host of new information including spotters guides, best-for guides for families, accessibility, birdwatching and fungi, revised reserve information, seasonal walks, and information about our broader approach to nature conservation.

n We know that inspiring and encouraging people to connect with and learn more about wildlife will mean more people taking more positive action for wildlife. This is central to our engagement activity. Our new #TeamWilder initiative connected with over 400 individuals, groups and educators to create new green wildlife corridors, community allotments, wildlife friendly rugby grounds, and village wildflower meadows. Some of these Groups are also liaising with local Parish Councils to develop and implement local sustainable land management plans, and our Wildlife Gardening Award was awarded to over 400 people, businesses and community groups across Yorkshire.

n Our programme of public engagement events are helping to inspire and encourage people to learn and care more for wildlife and wild places. This year we have engaged over 10,000 adults and 9,500 children through 652 sessions , which have offered a range of digital and in-person experiences. Throughout the year we offered a mix of paid for and complimentary events to ensure our engagement work is both generative and accessible.

n Once again Cliff the Puffin delighted his fans at the biggest and best Puffin Festival yet at Flamborough in May 2023, with 847 and several hundreds more in visitors to the event participants festival. We are grateful to Yorkshire Coast BID for their financial support to make this event possible.

Thank you to our amazing volunteers

1,609 amazing volunteers gave over 52,000 hours of their time to help care for the reserves and the Trust’s wild places, this is 15% increase on last year and equivalent to an additional 28 full time staff.

98% of our volunteers say volunteering improves their wellbeing and 96% of current volunteers would recommend working with us.
268 individuals attended training from the Volunteer Programme, nearly 100 more than last year.

A highlight of the year was the 40th anniversary celebration at Grass Wood , volunteers have been pivotal over many decades to the protection and growth of the reserve, and the recent management of ash die back which will over time create a new ecological phase in the woodlands life story.

Celebrating 40 years at Grass Wood

Cliff the Puffin proved a big hit once more at our annual Puffin Festival

14 Annual Report and consolidated accounts | Year ended 31 March 2024

Thank you to our generous supporters

We want to say a huge heartfelt thanks to everyone who has joined us to help wildlife this year.

To our members - your loyal support means the world to Yorkshire’s wildlife, we’re so grateful for all the things you make possible, and we want to continue to make you proud to support us every day.

We would like to acknowledge the individuals and Trusts who so generously supported our fundraising appeals last year.

Thanks also to our legacy pledgers:

Gifts in Wills provide a significant and critical source of income and enable us to make significant progress in protecting and restoring wildlife and wild places in Yorkshire. This year we dedicated an In Memory bench at Brockadale nature reserve to Brian Robertshaw; a dedicated volunteer who left a considerable legacy gift to the Trust. Unrestricted legacies provide a secure foundation for all our achievements for wildlife, and we are grateful to everyone who left a Gift in their Will. Our specific thanks are extended to Jean Dalby; Phillis Rockcliff; Arthur Clayton Wilson; Clive Mills Hicks; MJ Bulman; Eileen Allannach; Kenneth Horner; Elizabeth Baker; M Bower.

Our generous grant funders continued to support our work this year. Grants from the LNER Customer and Community Investment Fund, FCC Communities Foundation, Allison Willis Charitable Trust, Hull and East Riding Charitable Trust and Bruce Wake Charitable Trust supported us to undertake vital works for people and wildlife across our nature reserves. Funding from the A&N Daniell Trust was secured to support our wetland restoration work along the mid-Swale, and a grant from the Ørsted East Coast Community Fund has enabled us to install solar provision at our Living Seas Centre in Flamborough. We were grateful to secure funding again from the People’s Postcode Lottery to support a broad range of work across Yorkshire, including our work to inspire and engage with local communities and volunteers through our events programme and volunteering task days.

We have identified Staveley and North Cave Wetlands as reserves in need of strategic investment to meet the needs visitors, and improve the potential for wildlife.

Thanks to the generosity of many local supporters and some Trusts, we raised £21,847 for improvements to visitor experience at North Cave. And thanks to generous supporters we raised £20,158 to invest in visitor infrastructure and enhance habitats at Staveley. Both nature reserves have a very exciting future ahead, which future generations will benefit from.

Finally, we would like to extend grateful thanks to everyone who has already supported our Wild Ingleborough campaign. Our two-year fundraising campaign has got off to a fabulous start, with £36,000 raised through our Members in the first month of the campaign. We look forward to sharing more successes at Wild Ingleborough with you, as we restore the landscape to wild abundance.

To our individual donors and corporate supporters , thank you for your substantial support this year; financially, through volunteering, and sometimes in kind. It was lovely to see so many of you at the various events across the year.

The new Dennis Wood hide at North Cave Wetlands

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PAUL WRAY
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Year ended 31 March 2024 | Annual Report and consolidated accounts 15

Corporate members and supporters

Corporate members and supporters create generative partnerships with us; through donations, affinity giving, sponsorship, Gifts in Kind, engagement events and Wild Work Days.

A warm welcome to our new corporate members:

Birds Eye, Colt Construction, Integrated Utility Services, Might Fine / The Serious Sweet Company, Elms Farming, Mone Bros, Rounton Coffee and Termrim Construction.

Our new corporate supporters:

Hiscox, Tadcaster Benefice, Good Food Traders, Mute Animation Studio, The Davies Foundation, Tong Garden Centre, Forbidden Planet, Zizzis, With Many Roots, Wynsor Shoes, Stage One, John Good Group, Ecology Building Society, Hull Trains, Yorkshire Hideaways, Think Cloud Inc, Pocklington School, Ingrid Flutes/ Travel Chapter, Unit 3 Compliance and Fresh Cut Creative.

We appreciate the ongoing support from a wide range of Yorkshire’s businesses who value our work – thank you.

Gold Members:

Birds Eye Ltd Colt Construction Ltd Dr Reddy’s Laboratories (EU) Ltd GB Railfreight Ltd Harmony Energy Ltd H C Slingsby PLC Jay-Be Ltd University of Leeds Wykeland Ltd The Symphony Group PLC

Silver Members:

Close Brothers Group PLC Integrated Utility Services Lightrock Power Ltd Might Fine / The Serious Sweet Company Ltd TOG24 / Mileta Sports Ltd The Bio-D Company Ltd University of York

Bronze Members

Aviva PLC Consulo Financial Planning Ltd Croda International PLC Dalesbred Ltd Double Two Ltd Elms Farming Evans Property Group Ltd Far ‘n’ Beyond Ltd Forest Holidays Group Ltd Friendship Estates Ltd Henry Boot PLC Inntravel Ltd Mone Brothers Ltd North Wolds Richardson Group Ltd Peppers Maquees Ltd Read Family Group Ltd Reed Boardall Group Ltd Rounton Coffee Ltd Sloemotion Distillery Ltd Syngenta Ltd Tennants Auctioneers Ltd Termrim Construction Ltd Xiros Ltd

Corporate Supporters:

Airedale International Andrew Bennett Wildlife Photography Cloud Kickers Banks Group Beechfield Brands Castle Howard Ecology Building Society Forbidden Planet Fresh Cut Creative Good Food Traders Hull Trains Ingrid Flute’s/ The Travel Chapter John Good Group Hiscox Mute Animation Studio Pocklington School Puffins Galore Stage One Tadcaster Benefice The Davies Foundation Tong Garden Centre Think Cloud Inc Thornwick Bay / Haven Unit 3 Compliance Umbellifer Vp plc Whitby Distillery With Many Roots Wynsor Shoes Yorganics Yorkshire Hideaways Yorkshire Water / Kelda Group Zizzis

16 Annual Report and consolidated accounts | Year ended 31 March 2024

Our Annual Accounts and Audit Report

Despite the continuing challenge to public and household finances, we have delivered a financially stable organisation with an increased turnover of £14.03m, another record year for the Trust. Our finance team and trustees have worked together to oversee this performance and to ensure we have the reserves necessary to support the increased scale of organisation and programmes of work, and carefully manage our risks.

The trustees of Yorkshire Wildlife Trust are pleased to present their Annual Report and the Consolidated Audited Accounts for the year to 31st March 2024.

We consolidated our recent achievements, with ambitious large-scale programmes of landscape restoration. Our reserves continue to play an important role in supporting the increased scale of the organisation and our programmes of work, whilst allowing us to carefully manage our risks.

This is made possible through the combined work of our whole staff team, who also need services and support, including secure digital systems. This year we formed a three-year plan in our organisational development journey and improved terms and conditions for staff, increasing annual leave, sickness pay and family related leave provisions. We attended to improvements needed at our offices, completing works at the Blue Bell at Spurn and leased a new space in Pickering.

The trustees also confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties. Annual Report and consolidated accounts are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The trustees, who are also directors of the charity for the purposes of the Companies Act, have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (Effective 1 January 2019).

Financial summary

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Income £14,037,645
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Legacies 4% People’s Postcode
£579,283 Lottery 2%
£255,000
Membership &
donation 22%
£3,138,693 Charitable
activities 68%
£9,536,937
Trading & other
income 4%
£557,732
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Expenditure £13,906,805 Fundraising &
membership 6%
£871,376
Support costs 13%
£1,748,005
Nature Recovery 70%
Engagement 11% £9,714,329
£1,573,096
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Year ended 31 March 2024 | Annual Report and consolidated accounts 17

Financial and Fundraising overview

We remain focused on our financial management and fundraising activities to ensure that the Trust has the resources it needs. Our finances have faced challenges this year due to continued inflationary pressures on resources, in conjunction with challenges arising from land subsidy income reductions and delays to new agricultural subsidy programmes. We have also continued to make important investments in our IT infrastructure and adequately resourcing our central functions to establish efficient, safe and effective ways of working.

Our financial outturn for 23/24 shows a net movement in funds of an increase of £446,452, however, with a reduction in the general unrestricted funds account of (£142,722).

We are once again proud to partner with agencies such as Natural England, the Environment Agency, local and national government to deliver landscape-scale restoration projects. We hope to build on these relationships with the introduction of green financing opportunities.

Our fundraising portfolio of activity continues to grow with corporate partners increasingly interested in funding our landscape and seascape scale work. Our focus this year has been to inspire hearts and minds across Yorkshire and we ran a public engagement campaign with Heart FM in May to reach into new audiences.

With a focus still on critically-important wetland habitats, we ran some localised appeals, to fund improvements to two of our most popular reserves: Staveley and North Cave Wetlands. We were granted £46,285 from the FCC Communities Foundation, supported by £20,158 donated from the public, which will help to fund a programme of

Carbon reduction

Yorkshire Wildlife Trust is committed to reach carbon net zero by 2030, and strives to embed best practice and adopt a holistic approach to carbon reduction through its work, people and activities.

We are continuing to evolve our measurement in this area. The table shows Scope 1 &2 emissions over which we have more control, including electricity and heating, transportation at work and our conservation grazing herd of livestock. These are shown in both absolute terms, and relative to our growing size. We also monitor indirect Scope 3 emissions associated with staff commutes, home working and, most recently, procurement. The data shows our actual emissions from 2019 – 2023, estimated emissions for 23/24 and the target forecast for 24/25.

While we have made progress in some areas, there is more work to do to reduce our operational emissions. YWT also contributes towards net zero through some of our habitat work, such as peat and seagrass restoration, and through encouraging members, supporters and partners to take action for climate and nature.

improvements to both habitat and visitor experience at Staveley. Our similar local focus at North Cave raised £11,347 from our supporters, £10,500 in grants and £10,000 from an individual, all which will be invested in visitor infrastructure. We were able to install a new wildlife watching hide in Memory of Dennis Wood thanks to a generous donation from the Smith family. We are incredibly grateful to everyone who has donated to secure a bright future for these muchloved reserves.

We are delighted to continue our affinity partnership with silver business members TOG24 with Whitby Gin on their Navy Strength gin and with Ingrid Fluke Holiday cottages; and to have a new partnership with Yorganics and Rounton Coffee. We also received significant donations in year from Yorkshire Water, Hiscox, Cloud Kickers and 1% for the Planet which has enabled us to continue our work on Yorkshire’s peatlands, wetlands and our local nature reserves.

The support we continue to receive from our business members, partners and funders has helped us to fund and carry out vital work across our nature reserves and wild landscapes. This includes a generous donation from the Puffins Galore art trail around the East coast, and project support and Wild Work Day participation from many local businesses and partners including the University of Leeds, Aviva and Novuna.

Thank you

We have been fortunate in recent years to receive funds in legacies, which this year totalled £579,283 for which we are humbly grateful. Gifts in Wills remain a critical funding source in enabling us to achieve significant steps to protect and restore wild places and wildlife for future generations.

----- Start of picture text -----
Table One – Yorkshire Wildlife Trust Carbon Emissions
Yorkshire Wildlife Trust Carbon Emissions Estimate Target
2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
General Scope
1 & 2
145 117 135 147 150 140
emissions
(tCO2e)
Conservation
Grazing
210 201 178 262 240 240
Livestock
(tCO2e)
Carbon
intensity
Scope 1 &2 43.5 38.3 37.7 32.7 34.5 31.7
(tCo2e per £m
expenditure)
Scope 3
emissions:
staff travel
282 85 151 206 220 220
and home
working
(tCO2e)
Scope 3
emissions: Not Not Not
procurement measured measured measured 1,422 1,350 1,200
(tCO2e)
----- End of picture text -----

18 Annual Report and consolidated accounts | Year ended 31 March 2024

Trustees’ Annual Report

Principal risks and uncertainties

The Trustees regularly review the risks the charity faces and where appropriate establish processes and procedures to mitigate those risks identified, including, where appropriate, putting in place insurance and setting aside financial reserves. The Trust’s principal risks and uncertainties are summarised as follows;

n The risk of not engaging in new green finance and nature market models of nature recovery including (but not exhaustively); Biodiversity Net Gain, nutrient neutrality and landscape recovery, and blue and land carbon markets.

n Systems breach/IT fraud/Cyber-crime; increased risk of data breaches, virus and malware attacks and sophisticated attempts at online financial crime.

n Rising costs and inflationary pressures of energy, materials and supplier costs may lead to greater unrestricted contributions to projects and greater likelihood of increased core costs.

n Risk of UK Government policy to reinvigorate the economy, not accounting for wildlife and environmental factors, instead favouring commercially focussed activity including housing development and large infrastructure plans to the detriment of wildlife.

n The risk of serious injury to staff or contractors from high-risk activities such as chain sawing, large scale land restoration, marine research and restoration activities.

n The management of 111 sites across Yorkshire and the potential impact of major disasters and adverse events at these sites, many resulting from the effects of climate change, in particular incidents of flooding and fire.

n The occurrence of an event that threatens the reputational damage or integrity of the Trust.

n Risk of financial liabilities emerging from working on largescale multi-partner grant funded projects.

n Potential for overtrading with limited resource to deliver a large, diverse range of projects.

n Maintaining UK GDPR compliance and best practice with differing data sets and data sharing agreements.

The Board of Trustees approved the Strategic Report contained within the Annual Report as required by The Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013.

Financial Reserves Policy and Going Concern considerations

The Trust’s financial reserves policy is reviewed annually by the trustees. In setting the Trust’s reserve policy, the trustees consider various financial metrics and data, cash flow movements and working capital requirements, anticipated risks, fixed assets equity availability and material future commitments. The Trust’s key driver in setting its general unrestricted target is maintaining sufficient cash flow to allow it to continue to trade and to ensure it can fund the large number of projects for which grant funding is received in arrears, whilst at the same time not retaining large sums of money that could be put to use to support nature conservation in Yorkshire.

The Trust’s target level of general unrestricted reserves is £1.2m, with a minimum of 80% set for budgeting below which we should not fall.

At 31 March 2024, the Trust had total Funds of £17.77m including unrestricted, restricted, designated funds and fixed asset reserves. Of this, our unrestricted funds (including fixed assets and designated funds) totalled £3.71m, with general unrestricted funds down £0.14m to £1.31m (2023: £1.45m). The agreed budget for 24/25 forecasts a year end deficit of £0.28m, which would reduce the unrestricted funds to £0.17m below the Trust’s target level of £1.2m.

General unrestricted funds represent available funds of the charity which trustees are free to use in accordance with the charitable objectives of the Trust. Funds used to purchase fixed assets, net of the Trust’s long-term mortgage liability, are set aside as allocated funds as these assets are not generally available for day-to-day operations of the Trust. These comprise primarily nature reserves, which are held as part of the charitable objectives of the Trust and cannot be readily sold, and also Trust premises and equipment which are required for us to operate effectively. These assets may from time to time be used to raise funding if it is in the best interest of the Trust to do so.

Investment Policy

The Trust’s Articles of Association enable it to invest monies not immediately needed for its purposes in such investments deemed appropriate, subject to such conditions as may be required by law. While trustees have delegated authority for the management of investments to a Finance and Risk Committee and to fund managers, they retain ultimate responsibility for all matters relating to and affecting the Trust’s investments.

Year ended 31 March 2024 | Annual Report and consolidated accounts 19

The investment policy objectives are:

n Investment objectivity and integrity
n Preservation of real value of the Trust’s monetary assets
n Optimisation of capital growth and income generated from the Trust’s monetary assets, with appropriate consideration and management of investment risk
n Invest in an ethical manner, consistent with the Trust’s charitable status
n Flexibility and accessibility of invested funds

During the financial year, the trustees continued to hold all Yorkshire Wildlife Trust investments within stocks, shares or funds in those investments that are subject to screening of an ethical nature and to ensure that no investments are made which are knowingly contrary to the objects of the Trust. All Trust investments are currently held in either CCLA COIF Ethical Investment Fund or the Eden Tree Amity Global Equity Fund.

Global financial markets did return to a degree of stability in 2023-24, this resulted in overall investment gains of £0.27m (2023: £0.07m loss). Whilst the gain is pleasing, ongoing global conflicts, continued cost of living pressures and other external factors may result in the swings we have encountered over the past two years.

Fundraising Disclosure

In accordance with the Charities Act 2011, as amended in 2016, the Trust endeavours to adhere to the Code of Fundraising Practice governed by the Fundraising Regulator, and all relevant guidance published by the Chartered Institute of Fundraising including treating donors fairly. The Director of Fundraising and Engagement coordinates our fundraising activity to ensure the highest standards of fundraising practice. We did not receive any complaints in relation to fundraising in the year.

Our commitment to supporters

Through our members’ magazine, our website, events and activities and our other communications we will always tell you about how you are helping to make a difference for wildlife so you know how your money is being spent.

We strictly adhere to the Code of Fundraising Practice as defined by the Fundraising Regulator and follow all relevant guidance from the Chartered Institute of Fundraising.

All fundraisers representing us receive training so as to understand the standards we expect when they are speaking to members of the public on our behalf, to ensure a positive experience. We will always take action if others acting on our behalf fail to meet our high standards and we will never sell your data to anyone else or share it without consent or having a legitimate reason to do so.*

Yorkshire Wildlife Trust has a procedure for handling complaints, and we are committed to dealing with all complaints constructively, impartially and effectively. We will make every effort to ensure that all complaints receive a complete, accurate and timely response and no complaint is ever disregarded. If we cannot resolve a fundraising related complaint, we will provide information about how to raise a complaint with the Fundraising Regulator. In the year 23/24 we received a total of 7 complaints of which none were related to our fundraising activity.

Equality, Diversity and Inclusion

Yorkshire Wildlife Trust is committed to providing access and equality in its activities, across its nature reserves, as well as supporting equal opportunities and equal treatment for its staff, volunteers, members and supporters regardless of sex, gender, race, religion or belief, age, marriage or civil partnership, pregnancy/ maternity, sexual orientation or disability. The Trust has a dedicated group tasked with developing the approach to equality, diversity and inclusion.

Governing document

Yorkshire Wildlife Trust is a charitable company limited by guarantee, governed by its Articles of Association. It is registered as a charity with the Charity Commission. The Articles of Association were updated at the 2012 AGM.

Structure, Governance and Management

The Directors of the charitable company (the charity) are its trustees for the purposes of charity law and throughout this report are collectively referred to as the trustees. The Trust currently has 11 trustees. The trustees serving during the year are listed on page 3. Rachael Bice was Chief Executive throughout the year.

The Chief Executive Officer and the Senior Leadership Team together comprise the key management personnel of the charity in charge of directing and controlling, running and operating the Trust on a day to day basis. The pay of the Chief Executive and Senior Leadership Team is reviewed annually.

Trustee appointment, induction and training

Trustees are elected by the members of the Trust at the Annual General Meeting for an initial period of 4 years and are then eligible to seek re-election for a further 4 year period. Trustees may from time to time co-opt an eligible person to fill a temporary vacancy until the next Annual General Meeting when the co-opted trustees can subsequently stand for election.

*It is sometimes necessary for YWT to allow its carefully vetted suppliers to use supporter data to carry out work on our behalf, such as undertaking member satisfaction surveys or sending out mailings to our supporters. We may also sometimes have to share data in other circumstances, for example where there’s a legal requirement to do so. Please see our privacy policy on the website.

20 Annual Report and consolidated accounts | Year ended 31 March 2024

New trustees undergo an induction to brief them on their legal obligations under charity and company law, the content of the Articles of Association, the committee and decision- making processes, the business plan and recent financial performance of the Trust. They are also invited to meet key employees and other trustees. New trustees attend an induction day, led by the Chief Executive and hold trustee feedback sessions each year with Chair of the Board of Trustees.

Organisation

The Board of Trustees administers the charity and meets at least five times a year. The Finance and Risk Committee comprises a minimum of three trustees and up to two other members of the Trust who can be appointed by the Board, and meets at least four times a year. The Chief Executive is appointed by the trustees to manage the day to day operations of the charity. The trustees actively engage with the Chief Executive Officer and Senior Leadership Team, working collectively in development of organisational strategy.

Supporter groups operate to encourage, coordinate and focus the active participation and contribution of volunteers to the Trust’s projects and objectives at local level. Supporter groups are part of the Trust’s volunteer structure, reporting through staff, and may be formed around a specific project, site or community, a group of sites or wider geographic area, according to the interests of group members.

The Trust is an active member of The Wildlife Trusts. This is a national partnership of 46 independent Wildlife Trusts and the Royal Society of Wildlife Trusts (RSWT) which operates throughout the UK. All the Wildlife Trusts contribute an annual levy to fund RSWT to provide advocacy and representation at a national level.

Trading Subsidiary

Yorkshire Wildlife Services Limited (YWSL), a company registered in England, is a wholly owned trading subsidiary of Yorkshire Wildlife Trust. YWSL commenced trading on 1 April 2016, with a view to generating funds on behalf of Yorkshire Wildlife Trust for the furtherance of its charitable objectives and ensuring continued compliance with UK tax legislation. Profits generated by YWSL are generally distributed to the charity using gift aid. Further information is included in Notes 15 and 23 of the accounts.

Statement of Trustees’ Responsibilities

The trustees (who are also directors of Yorkshire Wildlife Trust for the purposes of company law) are responsible for preparing the Trustees Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that year. In preparing those financial statements the trustees are required to:

n select suitable accounting policies and apply them consistently;
n observe the methods and principles in the Charities SORP (FRS 102);
n make judgements and estimates that are reasonable and prudent; state whether applicable UK accounting standards and statements of recommended practice have been followed subject to any material departures disclosed and explained in the financial statements; and
n prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue to operate.

The trustees are responsible for keeping proper

accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

n there is no relevant audit information of which the charitable company’s auditor is unaware; and
n the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information;
n at the time of approving the financial statements, the Trust has sufficient resources to continue to operate and there are no material uncertainties regarding the Trust’s ability to continue as a going concern.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This statement is agreed by Yorkshire Wildlife Trust Board of Trustees, and signed on their behalf by;

Joanna Webb, Chair

20th December 2024

Year ended 31 March 2024 | Annual Report and consolidated accounts 21

Auditors Report

Opinion

We have audited the financial statements of Yorkshire Wildlife Trust (the parent charitable company) and its subsidiary (the group) for the year ended 31 March 2024 which comprise the consolidated statement of financial activities, the consolidated and charity balance sheets and the consolidated cash flow statement, and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

n give a true and fair view of the group and the parent charitable company’s state of affairs as at 31 March 2024 and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended;
n have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
n have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or the parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves.

If, based on the work we have performed, we conclude that there is a material misstatement of this other information we are required to report that fact. We have nothing to report in this regard.

Other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

n the information given in the Trustees’ Annual Report which includes the Directors’ Report including the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
n the Trustees’ Annual Report which includes the Directors’ Report including the Strategic Report has been prepared in accordance with applicable legal requirements.

22 Annual Report and consolidated accounts | Year ended 31 March 2024

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report including the Strategic Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 require us to report to you if, in our opinion:

n adequate accounting records have not been kept by the parent charitable company or returns adequate for our audit have not been received from branches not visited by us; or
n the parent charitable company financial statements are not in agreement with the accounting records and returns; or
n certain disclosures of trustees’ remuneration specified by law are not made; or
n we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities set out on page 21, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditors under the Companies Act 2006 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of noncompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities: We assessed the susceptibility of the group and parent charitable company’s financial statements to material misstatement and how fraud might occur, including through discussions with the trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the group and parent charitable company by discussions with trustees and updating our understanding of the sector in which the group and parent charitable company operate.

Laws and regulations of direct significance in the context of the group and parent charitable company include The Companies Act 2006, and guidance issued by the Charity Commission for England and Wales.

Year ended 31 March 2024 | Annual Report and consolidated accounts 23

Audit response to risks identified:

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the parent charitable company’s records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the parent charitable company’s policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of noncompliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non- compliance with laws and regulations and fraud.

Use of our report

This report is made solely to the parent charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent charitable company and the parent charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

20th December 2024

Sally Appleton (Senior Statutory Auditor) for and on behalf of Saffery LLP Statutory Auditors 10 Wellington Place, Leeds, LS1 4AP

Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org. uk/auditors responsibilities. This description forms part of our auditor’s report.

24 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

for the year ended 31 March 2024

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2024 2023
Note £ £ £ £
INCOME
Donations and legacies 4 2,266,282 1,451,695 3,717,976 3,204,791
People's Postcode Lottery 4 225,000 - 225,000 225,000
Charitable activities 5 821,250 8,715,688 9,536,937 8,300,250
Other trading activities 6 484,224 - 484,224 463,087
Investment Income 7 51,694 21,815 73,509 36,911
Total Income 3,848,449 10,189,197 14,037,646 12,230,039
EXPENDITURE
Raising Funds 913,526 55,279 968,806 794,821
Charitable Activities 3,420,903 9,517,095 12,937,999 10,519,256
Total Expenditure 8 4,334,430 9,572,375 13,906,804 11,314,078
Gains (Losses) on investment assets 15 64,330 204,327 268,657 (68,441)
Net income before transfers and other gains/(losses) (421,650) 821,149 399,499 847,520
Transfers between funds 19 - - - -
Net incoming resources before other recognised gains (421,650) 821,149 399,499 847,520
Other recognised gains/(losses)
Gains on fixed assets 46,953 - 46,953 6,265
Net movement in funds (374,697) 821,149 446,452 853,784
Reconciliation of funds
Funds brought forward 4,087,081 13,237,735 17,324,815 16,471,032
Total funds carried forward 19 3,712,384 14,058,884 17,771,267 17,324,815
Represented by:
General unrestricted funds 1,311,375 - 1,311,375 1,454,097
-
Designated funds 285,366 285,366 410,742
Restricted income funds - 6,558,054 6,558,054 5,811,142
Fixed asset purchases fund 2,115,642 7,500,829 9,616,471 9,648,834
Total funds 19 3,712,384 14,058,884 17,771,267 17,324,815
----- End of picture text -----

All income resources and resources expended derive from continuing activities. The statement of financial activities includes all gains and losses recognised in the year.

Year ended 31 March 2024 | Annual Report and consolidated accounts 25

Yorkshire Wildlife Trust CONSOLIDATED AND CHARITY BALANCE SHEETS as at 31 March 2024

----- Start of picture text -----
Group Charity
2024 2023 2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 11a 5,308,553 5,442,343 5,308,553 5,442,343
Heritage assets 11b 4,718,545 4,613,073 4,718,545 4,613,073
Investments 15 2,633,159 2,342,097 2,633,169 2,342,107
Total fixed assets 12,660,257 12,397,514 12,660,267 12,397,523
Current assets
Stock 12 149,819 140,882 73,533 67,698
Debtors 13 6,407,283 4,884,303 6,708,786 5,206,992
Cash at bank and in hand 2,565,617 2,275,512 2,333,693 2,011,136
Total current assets 9,122,719 7,300,695 9,116,012 7,285,825
Liabilities
Creditors: amounts falling due within one year 14 3,646,187 1,966,812 3,639,490 1,951,951
Net current assets 5,476,532 5,333,883 5,476,522 5,333,874
Total assets less current liabilities 18,136,789 17,731,397 18,136,789 17,731,396
Creditors: amounts falling due after more than one year 14 365,521 406,581 365,521 406,581
Net assets 17,771,267 17,324,815 17,771,267 17,324,815
The funds of the charity:
General unrestricted funds 1,311,375 1,454,097 1,311,375 1,454,097
Designated funds 285,366 410,742 285,366 410,742
Restricted income funds 6,558,054 5,811,142 6,558,054 5,811,142
Fixed asset purchases fund 9,616,471 9,648,834 9,616,471 9,648,834
Total funds 19 17,771,267 17,324,815 17,771,267 17,324,815
----- End of picture text -----

The accompanying accounting policies and notes form an integral part of these financial statements.

The financial statements were approved by the trustees on and signed on their behalf by:20/12/24

Joanna Webb Chair

Michael Armitage Hon. Treasurer

Company Number: 00409650

26 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust CHARITY BALANCE SHEET as at 31 March 2024

		Unrestricted	Restricted
		Funds	Funds	2024	2023
	Notes	£	£	£	£
Fixed assets
Tangible assets	11a	1,557,367	3,751,186	5,308,553	5,442,343
Heritage assets	11b	968,903	3,749,642	4,718,545	4,613,073
Investments	15	444,341	2,188,829	2,633,169	2,342,107
Total fixed assets		2,970,610	9,689,657	12,660,267	12,397,523
Current assets
Stock	12	73,533	-	73,533	67,698
Debtors	13	922,129	5,786,657	6,708,786	5,206,991
Cash at bank and in hand Total current assets Liabilities Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets	14 14	505,130 1,500,792 393,497 1,107,295 4,077,905 365,521 3,712,385	1,828,563 7,615,220 3,245,993 4,369,227 14,058,884 - 14,058,884	2,333,693 9,116,012 3,639,490 5,476,521 18,136,789 365,521 17,771,267	2,011,136 7,285,825 1,951,952 5,333,873 17,731,397 406,581 17,324,815
The funds of the charity:
General unrestricted funds		1,311,375	-	1,311,375	1,454,097
Designated funds		285,366	-	285,366	410,742
Restricted income funds		-	6,558,054	6,558,054	5,811,142
Fixed asset purchases fund		2,115,642	7,500,829	9,616,471	9,648,834
Total funds	19	3,712,385	14,058,884	17,771,267	17,324,815

Year ended 31 March 2024 | Annual Report and consolidated accounts 27

Yorkshire Wildlife Trust CONSOLIDATED CASH FLOW STATEMENT for the year ended 31 March 2024

		2024	2023
	Notes	£	£
Cash inflow from operating activities	20	781,339	693,189
Cash outflow from investment activities	20	(454,950)	(971,841)
Cash outflow from financing activities	20	(40,426)	(45,676)
Change in net cash in the year Cash and cash equivalents at beginning of period Cash and cash equivalents at end of reporting period Represented by: Cash at Bank Accrued investment income		285,963 2,279,654 2,565,617 2,565,617 - 2,565,617	(324,328) 2,603,982 2,279,654 2,275,512 4,143 2,279,654

28 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS

for the year ended 31 March 2024

1. ACCOUNTING POLICIES

a. Basis of accounts
(i ) These accounts have been prepared under the historical cost convention as modified by the inclusion of investments at market value and in accordance with the Companies Act 2006.
(ii) The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.
(iii) At the time of approving the financial statements, the Trustees deemed the Trust to have sufficient resources to continue to operate for a period of at least 12 months and there are no material uncertainties regarding the Trust’s financial position. The financial statements have therefore been prepared on a going concern basis.
(iv) Yorkshire Wildlife Trust meets the definition of a public benefit entity under FRS 102.
(v) Assets and liabilities are initially recognised at cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterling, which is the functional currency of the group and charity.
- Monetary amounts in these financial statements are rounded to the nearest £1.
b. Funds held by the charity

Restricted Funds

(i) Restricted funds are those held where a use has been specified by the donor. These are funds that can only be used for particular restricted purposes.
(ii) Where the cost of delivering a restricted project is only partially funded by restricted income, a transfer between funds, of unrestricted income to a restricted fund is made.

Unrestricted Funds

(iii) Unrestricted funds are those held where there are no restrictions and which the Trustees are free to use, in accordance with the charitable objectives of the Trust.
(iv) The Trustees occasionally vote to designate unrestricted funds for specific projects or programmes of work, thereby reclassifying as designated funds.

Year ended 31 March 2024 | Annual Report and consolidated accounts 29

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS

for the year ended 31 March 2024

c. Income and Expenditure

(i) Membership subscriptions are accounted for on a cash received basis.
(ii) Income from legacies is recognised when the entitlement to the legacy is known with certainty, the value of the legacy receipt can be quantified with reasonable certainty and the timing of receipt is known with reasonable probability.
(iii) Grants income is recognised in the period to which it relates. Where a grant is restricted by the funder for use in a future period, its recognition is deferred until the charity becomes entitled to the resource. Grants in respect of specific projects are credited to a restricted fund, against which relevant expenditure is charged.
(iv) Contractual income is recognised to the extent that the charity has provided the related goods and/or services. Where such income is received in advance then the income is deferred until the charity becomes entitled to the resource.
(v) Investment income and gains and losses on disposals are allocated on the basis of whether the funds invested are for restricted use or for general unrestricted purposes.
(vi) Income from all other Trust activities is accounted for when it is receivable.
(vii) Resources used are accounted for on an accruals basis, inclusive of any irrecoverable VAT. Resources used are apportioned on the basis of whether the incoming resources were for restricted purposes or for general unrestricted purposes.
(viii) Support costs, which include administration costs and the running and maintenance of the Trust’s offices, and which are not directly attributable to any one specific activity, are apportioned and allocated to the other direct activities on the basis of total expenditure attributable to that activity. Expenditure directly attributable to specific activities has been allocated directly to those activities.
The expenditure cost analysis has been reallocated in this year's accounts based on a review of current
(ix) activities and the previous year's comparisons have been restated relevant to this reallocation.

d. Tangible Fixed Assets

(i) Depreciation is calculated to write off the cost of tangible fixed assets over their expected useful lives, with a full year's charge in the acquisition year as follows:
Plant and Equipment, including Fixtures and Fittings, together with Motor Vehicles are written off on a straight line basis over three years.
Freehold property is valued at cost less depreciation, which is applied on a straight line basis over 100 years.
Leasehold Improvements are valued at cost less depreciation, which is applied on a straight line basis over the duration of the lease.
(ii) Tangible fixed assets costing over £1,000 are capitalised at cost and are depreciated at the rates as set out above.

30 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS

for the year ended 31 March 2024

e. Heritage Assets

(i) The Trust holds heritage assets in furtherance of the charitable objects of the Trust. These assets are nature reserves and cannot be readily sold and so in the normal operations of the Trust are not available for other use. The Trustees consider that owing to the incomparable nature of these reserves, conventional valuation approaches lack sufficient reliability and that, even if valuations could be obtained, the costs would be onerous compared with the additional benefits derived by the Trust and users of the accounts. The figures in the accounts represent the cost or valuation of the asset on acquisition where available, or where this is not available are included at the historic book cost.

f. Investments

(i) Quoted Investments held in the nature of fixed assets are stated at market value. Gains and losses on disposal and revaluation are charged to the Statement of Financial Activities in the year in which they arise. The investment in the subsidiary is stated at cost.

g. Stock

(i) Retail stock is stated at the lower of cost and net realisable value, after making due allowance for any obsolete items.
(ii) Livestock assets are stated at fair value less estimated costs of sale

h. Operating Leases

(i) Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the term of the lease.

i. Pension Costs

(i) The company operates a defined contribution scheme for the benefit of eligible employees. The assets of the scheme are held separately from those of the Trust, being invested with insurance companies. Contributions are charged to the Statement of Financial Activities in the year to which they relate.

j. Consolidated financial statements

(i) The financial statements consolidate the results of the charity and its wholly owned subsidiary Yorkshire Wildlife Services Limited on a line-by-line basis. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006. The Charity only income amounts to £13,563,819 (2023: £11,762,569) with a Charity only net movement in funds of £446,452 (2023: £853,784).

k. Financial Instruments

(i) The charity and its subsidiary only have financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Year ended 31 March 2024 | Annual Report and consolidated accounts 31

for the year ended 31 March 2024

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS

l. Taxation

(i) The Trust is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, the Trust is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising. Given this, no tax charge arises on the charity.
(ii) The trading subsidiary is liable to corporation tax on its chargeable profits. Current tax, including UK Corporation and foreign tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantially enacted at the balance sheet date. As all profits arising in the subsidiary are gift aided to the parent charitable company and paid within 9 months of the year end, no corporation tax arises.

m. Debtors and Other Assets

(i) Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid.
(ii) Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
(iii) Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the income and expenditure account.

n. Creditors, loans and provisions

(i) Creditors, loans and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be estimated reliably.
(ii) Creditors, loans and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
(iii) Financial Liabilities are only derecognised when, and only when, obligations are discharged, cancelled or they expire. Amounts recognised as provisions are best estimates of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

32 Annual Report and consolidated accounts | Year ended 31 March 2024

for the year ended 31 March 2024

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS

o. Critical accounting estimates and judgements

(i) In the application of the group's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors considered to be relevant.
(ii) The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
(iii) The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below:

Critical estimates

Depreciation of tangible assets

Depreciation policies have been set according to experience of the useful lives of the assets in each category and are reviewed annually. A full year of depreciated is charged in the year of acquisition.

Legacies

Legacies are recognised as income when probate has been granted, the charity has established its entitlement to the funds and sufficient information is available to allow the measure of entitlement, and it is probable that the funds are receivable.

2. APPEALS

2. APPEALS
	2024	2023
	£	£
Give Seas a Chance	324	2,775
Wildlife Recovery Fund	4,462	1,192
Wild Ingleborough Appeal	36,045	-
Amazing Grazing Appeal	90	6,479
Staveley Appeal	20,158	-
North Cave Wetlands Appeal	11,347	-
Wetlands Appeal	1,314	36,956
Other Appeals	3,656	105
Total	77,394	47,507

Year ended 31 March 2024 | Annual Report and consolidated accounts 33

3. LEGACIES

The Trust received income in the year from legacies from the following benefactors who were kind enough to make bequests of over £1,000 in their wills:

bequests of over £1,000 in their wills:
	2024 £	2023 £
Neil Chrystie	-	475,212
Barbara Wemys	-	80,017
Keith Barrass	-	65,000
Terence Westmoreland	-	41,425
Barbara Smith	-	33,431
Brian Robertshaw	100,000	25,000
Barry Couldwell	-	16,645
Gavin Boyd	-	7,500
Ann Valerie Cotton	-	7,390
Patricia Ibbotson	-	7,000
Andrew Jobbings	-	4,030
Rosemary Maine	-	2,849
RE Lambert	-	2,145
Dorothy Prakke-Sclater	-	2,000
Norman Buck	-	1,000
Jean Longster	-	1,000
Marguerite Wilkinson	-	1,000
Silvia Maunder	-	1,000
Eileen Allanach	110,000	-
Phillis Rockliff	84,063	-
Kenneth Horner	55,622	-
Clive Mills-Hicks	46,050	-
Margaret Bower	42,000	-
Arthur Wilson	23,593	-
Elizabeth Baker	20,684	-
Margaret Bulman	20,000	-
Joan Dalby	19,964	-
John Scott	13,074	-
Michael Chandler	18,400	-
Constance Bell	5,000	-
Keith Barrass	3,934	-
Joyce Andrews	2,672	-
Margaret Elston	2,500	-
Joan Milnes	2,022	-
Stephen Schonut	2,000	-
Mark Holloway	1,000	-
David Martin	1,000	-
Kenneth Playforth	1,000	-
Charles Thomas	1,000	-
Julian Holroyd	1,000	-
Mick Cliff	1,000	-
Carole Campbell	1,000	-
Other legacies	706	151,512
Total	579,283	925,156

Legacy income includes accrued legacy income of £150,000 (2023: £150,000), notified by year end over which we had sufficient certainty of the amount receivable and the timing of receipt. The value of legacies notified, but which have not yet been included within the above figures due to uncertainty as to value and the timing of receipt, is estimated at approximately £733,000 (2023: £817,000).

34 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

4. DONATIONS AND LEGACIES

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2024 2023
Note £ £ £ £
-
Membership subscriptions 1,565,317 1,565,317 1,474,165
Legacies 3 479,103 100,180 579,283 925,156
Donations 216,862 1,279,121 1,495,982 757,963
-
People's Postcode Lottery 225,000 225,000 225,000
Appeals 2 5,000 72,394 77,394 47,507
Total Donations and Legacies 2,491,282 1,451,695 3,942,976 3,429,791
----- End of picture text -----

In 2022-23 Donations & Legacies of £3,429,791 comprised of £2,719,061 Unrestricted and £710,729 Restricted Funds.

5. INCOME FROM CHARITABLE ACTIVITIES

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |Funds|Funds|2024|2023| |£|£|£|£| |Grants & subsidies|389,009|7,024,305|7,413,314|5,596,195| |Contract & consultancy|227,341|1,676,198|1,903,539|2,491,323| |-|-|-| |S106 Agreements & compensation|2,000| |Rents & other income|82,059|920|82,979|88,124| |Admissions, education and workshops|122,840|14,265|137,105|122,607| |Total income from charitable activities|821,250|8,715,688|9,536,937|8,300,249|

----- End of picture text -----

In 2022-23 Income from Charitable Activities of £8,300,249 comprised of £885,047 Unrestricted and £7,415,203 Restricted Funds.

Charitable income includes £5.1m (2023: £4.2m) of income from various Government funding streams. This includes land management subsidies through various Government schemes totalling £0.33m (2023: £0.28m) and various Government grants and contracts totalling £4.8m (2023: £3.9m). These relate to works including land management on behalf of local authorities, various rivers and peatland restoration projects and marine advocacy grants.

6. INCOME FROM OTHER TRADING ACTIVITIES

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |Funds|Funds|2024|2023| |£|£|£|£| |-| |Catering & other ancillary sales|454,165|454,165|446,162| |-| |Fundraising events|30,059|30,059|16,925| |Total|484,224|-|484,224|463,087|

----- End of picture text -----

In 2022-23 All Income from Other Trading Activities was Unrestricted

Year ended 31 March 2024 | Annual Report and consolidated accounts 35

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

7. INCOME FROM INVESTMENTS

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2024 2023
£ £ £ £
Dividend Income - UK 590 21,815 22,405 19,464
Bank interest - UK 51,104 - 51,104 17,447
Total investment income 51,694 21,815 73,509 36,911
----- End of picture text -----

In 2022-23 Investment Income of £36,910 comprised of £17,959 Unrestricted and £18,952 Restricted Funds.

8. ANALYSIS OF TOTAL RESOURCES EXPENDED

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Direct|Other|Support|Total|Total| |staff costs|Direct Costs|costs|2024|2023| |(Note 9)| |£|£|£|£|£| |Cost of raising funds| |Fundraising & Membership|548,066|323,309|97,431|968,806|878,774| |Total|548,066|323,309|97,431|968,806|878,774| |Cost of charitable activities| |Nature Recovery - All Activities|3,303,180|6,411,149|1,426,473|11,140,802|8,892,953| |Engagement|1,002,955|570,141|224,101|1,797,197|1,542,350| |Total cost of charitable activities|4,306,135|6,981,290|1,650,574|12,937,999|10,435,303| |Total resources expended|4,854,201|7,304,599|1,748,005|13,906,804|11,314,078|

----- End of picture text -----

In 2022-23 The total of £11,314,078 was made up of Total Direct Staff costs of £3,988,565, Total Other Direct costs of £5,689,257 and Total Support costs of £1,636,256.

----- Start of picture text -----
|||| |---|---|---| |This is stated after charging:|2024|2023| |£|£| |Operating lease rentals: Land & buildings and other per note 17|18,424|18,778| |Auditor's remuneration:| |Audit fees|18,870|18,990| |Taxation services|1,150|950| |Depreciation|548,156|484,124| |Trustees expenses|250|797|

----- End of picture text -----

No Trustees were remunerated for their role as Trustees during the year.

Trustees were reimbursed for reasonable and necessary expenses incurred in the performance of their duties, with total expenses of £250 (2023: £797).

36 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

9. ALLOCATION OF SUPPORT COSTS

----- Start of picture text -----
Fundraising Nature Engage- Total
Membership Recovery ment
2024
£ £ £ £
Financial Services 19,625 218,786 35,429 273,840
Premises & Insurance 24,461 272,695 44,159 341,315
Communications & IT 14,935 166,502 26,963 208,400
Audit & Governance 6,113 68,151 11,036 85,300
HR & Training 10,068 112,239 18,176 140,482
Administration 10,787 120,252 19,473 150,512
Depreciation 11,442 467,848 68,866 548,156
Total 97,431 1,426,473 224,101 1,748,005
----- End of picture text -----

For comparison to previous year please see below.

Total 2023 £ £ £ £ Engage- ment Fundraising Membership Nature Recovery
Financial Services 20,744 205,090 35,214 261,048 Premises & Insurance 26,774 264,708 45,451 336,932 Communications & IT 17,894 176,920 30,377 225,192 Audit & Governance 5,080 50,228 8,624 63,933 HR & Training 9,076 89,735 15,408 114,219 Administration 11,984 118,481 20,343 150,808 Depreciation 18,195 384,492 81,438 484,124 Total 109,747 1,289,654 236,855 1,636,256

Total
2023
£
£
£
£
Engage-
ment
Fundraising
Membership
Nature
Recovery

Financial Services
20,744
205,090
35,214
261,048
Premises & Insurance
26,774
264,708
45,451
336,932
Communications & IT
17,894
176,920
30,377
225,192
Audit & Governance
5,080
50,228
8,624
63,933
HR & Training
9,076
89,735
15,408
114,219
Administration
11,984
118,481
20,343
150,808
Depreciation
18,195
384,492
81,438
484,124
Total
109,747
1,289,654
236,855
1,636,256

Year ended 31 March 2024 | Annual Report and consolidated accounts 37

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

----- Start of picture text -----
10. EMPLOYEES
2024 2023
Total staff costs £ £
Wages & salaries 4,665,123 3,877,253
Employers Nat Ins Costs 394,564 356,430
Employers Pension costs 367,598 304,638
Total staff costs 5,427,284 4,538,321
----- End of picture text -----

----- Start of picture text -----
|||||| |---|---|---|---|---| |Average number of employees (and full-time equivalent)|2024|2024|2023|2023| |analysed by activity for the year ended 31st March|Head count|FTE|Head count|FTE| |Nature Recovery - All activities|103|94|84|79| |Engagement (including Nature Discovery Centres)|44|31|40|34| |Membership and Fundraising|22|16|20|13| |Support|17|16|15|14| |Total staff|186|157|159|139|

----- End of picture text -----

At 31 March 2024, the Trust had 186 (2023: 174) employees (Head Count)

In addition to our employees, the Trust relies on volunteers to help in all aspects of our work, particularly practical conservation work and involving and inspiring activities such as education, events and membership. During the financial year the Trust had 913 (2023: 814) active registered volunteers providing 52,761 (2023 46,515) volunteer hours. In accordance with Charities SORP (FRS 102), the value of volunteer time is not recognised in the financial statements.

----- Start of picture text -----
|||| |---|---|---| |The number of employees whose emoluments (including taxable benefits in kind but|2024|2023| |excluding employer pension costs) exceeded £60,000, was as follows:|Number|Number| |£80,000 - £89,999|1|-| |£70,000 - £79,999|-|1| |£60,000 - £69,999|1|1| |Total over £60,000|2|2|

----- End of picture text -----

During 2023/24, employee salary and benefits of the key management personnel of the Trust, comprising the Chief Executive, Deputy CEO/Director of Operations, Director of Fundraising & Engagement and Director of Finance & Central Services, totalled £283,786 (2023: CEO and 4 Directors £295,216). Trustee roles are voluntary and received £nil remuneration (2023: £nil).

38 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

11a. TANGIBLE FIXED ASSETS (excluding Heritage Assets)

----- Start of picture text -----
Group and Charity Freehold Leasehold Motor Plant & Total
Property Improvements vehicles equipment
£ £ £ £ £
Cost
at 1 April 2023 5,209,926 166,528 704,234 2,612,690 8,693,378
Additions 19,274 - 44,053 351,038 414,365
- -
Disposals (8,995) (25,376) (34,371)
31 March 2024 5,229,200 166,528 739,292 2,938,353 9,073,372
Depreciation
at 1 April 2023 467,021 49,959 605,854 2,128,201 3,251,035
- -
Disposals (8,995) (25,376) (34,371)
Charge for the year 52,292 5,550 71,402 418,912 548,156
31 March 2024 519,313 55,509 668,261 2,521,737 3,764,820
Net book value
31 March 2023 4,742,905 116,569 98,381 484,489 5,442,343
31 March 2024 4,709,887 111,019 71,032 416,615 5,308,553
----- End of picture text -----

In October 2005, the Trust granted a legal charge to Barclays Bank plc over the property at 1 St Georges's Place, York.

In February 2014, the Trust granted a legal charge to the Trustees of the National Heritage Memorial Fund over certain elements of its land and buildings located at Spurn Point. As at 31 March 2024, the Trust had no liability to the chargee.

In September 2016, the Trust granted a legal charge to HSBC Bank plc over freehold land at Low Carr Farm, near Pickering, North Yorkshire.

11b. HERITAGE ASSETS

11b. HERITAGE ASSETS
Group and Charity Cost or valuation at 1 April 2023 Additions Disposals	Unrestricted Restricted Total Funds Funds £ £ £ 970,200 3,642,872 4,613,072 - 106,770 106,770 (1,298) - (1,298)
at 31 March 2024	968,903 3,749,642 4,718,545
2023-24 Five year summary of heritage asset transactions £ Additions: Purchases 106,770 Donations - Disposals (1,298)	2022-23 2021-22 2020-21 2019-20 £ £ £ £ 88,630 300,097 - 2,683 - - - - - - - -
at 31 March 2024 105,472	88,630 300,097 - 2,683

Year ended 31 March 2024 | Annual Report and consolidated accounts 39

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS

for the year ended 31 March 2024

----- Start of picture text -----
12. STOCK Group Charity
2024 2023 2024 2023
£ £ £ £
Goods held for resale 79,739 77,822 3,453 4,638
Livestock 70,080 63,060 70,080 63,060
Total 149,819 140,882 73,533 67,698
13. DEBTORS Group Charity
2024 2023 2024 2023
Amounts falling due within one year £ £ £ £
Trade debtors 1,024,086 667,947 1,011,343 659,008
Accrued income 5,357,076 4,189,498 5,357,076 4,189,498
Prepayments 26,121 26,858 26,121 26,858
- -
Amounts due from group undertakings 314,246 331,628
Total 6,407,283 4,884,303 6,708,786 5,206,992
----- End of picture text -----

40 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

----- Start of picture text -----
14. CREDITORS Group Charity
2024 2023 2024 2023
Amounts falling due within one year £ £ £ £
Trade creditors 1,066,337 797,615 1,063,825 786,629
Taxation, social security and pension 154,609 193,511 154,544 194,547
Other creditors 17,885 13,210 17,885 13,210
Mortgage Under 1 Year 45,107 44,472 45,107 44,472
Accruals 2,334,748 918,004 2,330,630 913,093
Deferred income 27,500 - 27,500 -
Total 3,646,187 1,966,812 3,639,490 1,951,951
Group Charity
2024 2023 2024 2023
Amounts falling due after more than one year £ £ £ £
Mortgage 365,521 406,581 365,521 406,581
Total 365,521 406,581 365,521 406,581
----- End of picture text -----

Included in creditors amounts falling due after more than one year is an amount of £272,045 (2023 - £273,567) which is due after five years in respect of the mortage provided by HSBC. YWT has two mortgages as follows:

Mortgage provided by Barclays Bank Plc, secured on the Trust's York Office, is repayable by October 2025 at an interest rate of 1.125% over Base Rate.
Mortgage provided by HSBC Bank PLC, Secured on land owned by the Trust at Low Carr Farm, nr Pickering North Yorkshire, repayable by September 2036 at an interest rate of 1.8% over Base Rate.

2024 2023 Deferred income £ £ Balance as at 1 April 2023 - 37,014 Amount released to income - (37,014) Amount deferred in year 27,500 - Group	2024 2023 £ £ - 37,014 - (37,014) 27,500 - Charity
Balance as at 31 March 2024 27,500 -	27,500 -

Deferred income comprises contract income received in the year relating to works to be undertaken in 2024-25.

Year ended 31 March 2024 | Annual Report and consolidated accounts 41

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

15. INVESTMENTS

----- Start of picture text -----
Group and Charity 2024 2023
Listed investments £ £
Market value at 1 April 2023 2,337,955 2,388,658
Additions 26,548 17,738
Gains (Losses) on investment assets 268,657 (68,441)
Market value at 31 March 2024 2,633,159 2,337,955
Cash held for reinvestment - -
Accrued investment dividend - 4,143
Total 2,633,159 2,342,097
Historical cost of investments 1,256,970 1,230,422
2024 2023
Charity only Analysis of investments by type % %
COIF Charities Ethical Investment Fund 73% 72%
EdenTree Amity Global Equity Fund for Charities 27% 28%
At 31 March the geographic allocation of investments was as follows:
2024 2023
Geographic Analysis of investments % %
UK 100% 100%
Total 100% 100%
----- End of picture text -----

The above investments were all held with UK registered funds, that include overseas holdings.

Charity

In addition to the above investments, Yorkshire Wildlife Trust also invests in the following:

Yorkshire Wildlife Services Limited

Further information is provided at Note 23.

The investment in YWSL (£10) is included in the balance sheet of Yorkshire Wildlife Trust at cost.

42 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

16. PENSION SCHEME

The Trust operates one pension arrangement: a Standard Life auto-enrolment defined contribution scheme. Total contributions to the scheme (employer) during the year were £367,598 (2023: £304,638).

17. OPERATING LEASE COMMITMENTS

At 31 March 2024, the Trust had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows;

leases, which fall due as follows;
Land & buildings Other Annual operating lease commitments in respect of leases expiring £ £ Within one year 8,718 1,815 Between one and five years 19,563 1,225 After five years 20,750 - 2024	Land & buildings Other £ £ 5,730 2,641 13,593 3,040 23,750 - 2023
Total 49,030 3,040	43,073 5,681

18. RELATED PARTY TRANSACTIONS

Gurdev Singh, a Trustee of Yorkshire Wildlife Trust, is also a Director of Northwolds Richardson Group Ltd who provide printing services to the Trust. Mr Singh declares a conflict of interest at any meetings in relation to services provided by Northwolds Richardson Group Ltd to Yorkshire Wildlife Trust and takes no part in decision making relating to the procurement of such services by the Trust. During the year, the Trust purchased print and mailing services from Northwolds Richardson Group Ltd totalling £87,806 (2023: £63,288), with £8,193 (2023: £3,414) included within creditors at 31 March 2024.

Peter Meadows, Trustee of Yorkshire Wildlife Trust is also a Director of Yorkshire Wildlife Services Limited, the Trust's wholly owned trading subsidiary.

During the course of the year, Yorkshire Wildlife Trust undertook regular operational transactions with Yorkshire Wildlife Services Limited, its subsidiary company. This included the sale of goods and services between the two organisations. Yorkshire Wildlife Trust also entered into an agreement with Yorkshire Wildlife Services Limited for the provision of operational and administrative services to the trading subsidiary. During the year the following transactions took place between the Trust and Yorkshire Wildlife Services Ltd (YWSL):

Purchases of £23,497 (2023: £27,432) were made from YWSL
Recharges for goods and services provided by the Trust to YWSL of £281,845 (2023: £281,539)
The transfer under gift aid of the trading profits of YWSL to the Trust of £862 (2023: £8,360)
YWSL Collected credit card payments on behalf of the trust during the year totalling £84,787 (2023: £59,783)

Outstanding at the year end was a debtor balance due from YWSL of £314,246.

Year ended 31 March 2024 | Annual Report and consolidated accounts 43

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

19. Analysis of Net Accumulated Funds

----- Start of picture text -----
Balance Movement in Funds Balance
1 April Incoming Expended Gains & Transfers Transfer to 31 March
2023 resources in year Losses in year Asset purchase 2024
£ £ £ £ £ £ £
UNRESTRICTED FUNDS
General Unrestricted Funds 1,454,097 3,848,449 (4,031,483) 111,283 (40,516) (30,456) 1,311,375
Unrestricted Fixed Asset Funds 2,222,241 - (177,571) 40,516 30,456 2,115,642
Total Unrestricted Funds 3,676,338 3,848,449 (4,209,054) 111,283 - - 3,427,017
DESIGNATED FUNDS
Joyce Mary Mountain Fund 410,742 - (125,376) - - - 285,366
Total Designated Funds 410,742 - (125,376) - - - 285,366
RESTRICTED FUNDS
- - -
North Cave Long Term Fund 1,004,342 (111,038) 133,401 1,026,705
- -
Nature for Climate 1 (Peat) 202,791 1,446,546 (1,609,168) 110,000 150,169
Manor Farm Endowment 373,545 14,266 (44,150) 25,469 - - 369,131
- - -
Nature for Climate 2 (Peat) 138,336 1,334,675 (1,158,551) 314,459
- -
Ripon City Wetlands Fund 191,685 7,548 (21,443) 13,475 191,266
- - - -
Dealtry Legacy Fund 189,204 25,051 214,254
North Leeds NR Fund 52,124 - (33,810) - - - 18,314
North Rivers Fund 122,701 - (11,673) - - - 111,028
- - - -
Marine Programme YW 62,882 (44,913) 17,969
- - -
Wild Ingleborough WWF 29,070 28,293 (45,488) (11,874)
- - - -
Torne Land Acquisiton Fund 77,422 (95,292) 17,870
- - - - -
Wyke Beck YW 50,546 (50,546)
-
Marine Programme YW - - - -
21,802 (21,802)
(Engagement)
Potteric Fund YW 1,629 - - - - - 1,629
- -
Orsted Biodiversity 245,235 347,198 (332,518) (18,186) 241,730
Peatland Fund 16,624 - (16,624) - - - -
Yorkshire Water YWEU23 250,000 685,000 - - - - 935,000
- -
Wild Ingleborough WWF/Aviva 234,377 284,963 (288,146) (80,526) 150,668
- - -
Marine Appeal 139,606 (1,161) (31,612) 106,834
-
Communities Along the Sand - - -
20,651 (3,092) 17,559
reserve Fund
Humberhead Levels Fund 30,539 - (12,668) - (17,870) - -
- - - -
Eva Crackles Legacy 55,355 6,930 62,285
INNS Fund 37,995 - (34,162) - - - 3,834
Foss YWEU22 36,000 - (20,777) - - - 15,223
- - - -
Wetlands Appeal 35,941 1,452 (37,393)
- - -
Yorkshire Water Invasive Species 61,033 70,842 (100,559) 31,316
Bolton on Swale Fund 26,723 - (5,000) - - - 21,723
NY Arc 17,031 54,624 (50,579) - - - 21,076
Derwent Catchment NYCC 26,403 - - - - - 26,403
- - -
Environment Agency NB2 32,059 (23,128) 1,692 10,622
North Cave ST Fund 7,465 10,000 (11,776) - - - 5,690
North Central Reserves YWEU23 - 250,000 (39,412) - - - 210,588
- - -
Nature for Climate Rest (HHL) 15,531 1,017,785 (783,828) 249,488
- -
UK Blue Carbon Mapping Project 20,775 7,152 (117,352) 95,280 5,855
- - - -
North region YWEU 27,000 (14,484) 12,516
- - -
INNS Mapper Redevelopment 37,611 27,177 (63,271) 1,517
- - - -
Barnsley - The Fleets S106 52,528 (36,725) 15,803
- - -
Yorkshire Water Contracts (Peat) 209,847 175,498 (355,345) 30,000
Natural Retreats Richmondshire 19,000 - - - - - 19,000
Subtotal 4,173,406 5,761,859 (5,611,842) 204,327 81,902 - 4,609,651
----- End of picture text -----

44 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

19. Analysis of Net Accumulated Funds (Cont'd)

----- Start of picture text -----
Balance Movement in Funds Balance
1 April Incoming Expended Gains & Transfers Transfer to 31 March
2023 resources in year Losses in year Asset purchase 2024
£ £ £ £ £ £ £
Project Funds (cont'd)
EA Derwent CP Fund 8,049 47,803 (29,612) - - - 26,240
Askham YWEU22 78,427 - (32,282) - 3,803 - 49,947
- - - -
Humberhead Levels partnership 14,198 (207) 13,991
- - - - -
Environment Agency - WRF Aire 168,581 (168,581)
Flamborough Nature Reserve 12,034 70.00 2 - - - 12,106
River Hull Chalk Stream Fund 28,826 29,000 (20,738) - - - 37,088
Esmée Fairburn - Marine 33,214 46,850 (49,851) - - - 30,213
- - -
Morgan Sindall 200,000 (60,000) (110,000) 30,000
- - -
Robertshaw Legacy 625,000 100,000 725,000
- - - -
Scofield - Wild Ingleborough 3,605 (1,576) 2,029
BEACH Esk 963 129,482 (126,135) - (4,309) - -
- - - -
Wild Eye 373,729 (371,318) 2,411
- - - -
10,000 Trees Project 83,221 (60,824) (22,398)
YW Contracts Chellow - 687,857 (558,857) - - - 129,000
YPP Contracts - 222,090 (222,090) - - - -
Nature for Climate 3 - 124,810 (124,810) - - - -
Esmée Fairburn - Peat 117,000 58,000 (134,264) - (5,000) - 35,736
- - -
ERYC / EA Fish Mitigation 22,923 69,500 (61,285) 31,139
- - - -
Land Trust - Carr Lodge 8,191 47,892 (56,083)
- - -
Environment Agency UAP 137,857 (96,224) (1,692) 39,941
Nature for Climate HHL - 122,852 (106,594) - - - 16,258
- - -
Doing More for the Derwent 14,966 32,986 (38,495) 9,457
Denaby ings extension 13,844 1,200 (14,684) - - - 360
- - -
Orsted - Seagrass 154,681 144,693 (234,904) 64,470
John Ellerman Fund - Marine 8,091 49,000 (24,830) - - - 32,261
Lower Aire YWEU22 260,000 - (22,319) - - - 237,681
-
All Other Restricted Projects 150,504 1,633,088 (973,386) 57,693 (444,821) 423,078
Restricted Long Term & Project 5,811,142 10,189,197 (9,201,790) 204,327 - (444,821) 6,558,054
Funds
Restricted Fixed Asset Funds 7,426,593 - (370,585) - - 444,821 7,500,829
Total Restricted Funds 13,237,735 10,189,197 (9,572,375) 204,327 - - 14,058,884
Total Funds 17,324,815 14,037,646 (13,906,804) 315,610 - - 17,771,267
----- End of picture text -----

For full Restricted Fund analysis from 2022-23, please refer to Annual Report and Audited Accounts 2022-23.

Year ended 31 March 2024 | Annual Report and consolidated accounts 45

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

19. Analysis of Net Accumulated Funds (cont'd)

The general unrestricted funds represents the available unrestricted funds of the charity which the Trustees are free to use, in accordance with the charitable objectives of the Trust.

Designated funds represent unrestricted funds set aside by the Trustees for essential spend or future purposes.

Restricted funds represent funds received by the Trust for use towards a specific purpose or particular project.

The fixed assets funds represent the net book value of tangible fixed assets, net of the Trust's long term mortgage liability. The allocation of tangible fixed assets is carried out on the basis of whether the funds used for the acquisition were from restricted funds or from unrestricted funds. Transfers to Asset Purchase represents expenditure on items capitalised as fixed assets at 31 March 2024 and movement from general unrestricted funds to reflect the annual capital repayment of the Trust's mortgage liability. Transfers In Year arise when unrestricted money is utilised to contribute towards delivery of a restricted fund project or the designation of general unrestricted funds.

20. Cash flow analysis

----- Start of picture text -----
20. Cash flow analysis 2024 2023
Note £ £
Operating activities
Net incoming resources before gains/(losses) 130,842 915,961
Adjustment for:
Interest costs 29,026 18,586
Investment income (73,509) (28,462)
Depreciation 11a 548,156 484,124
Changes in working capital:
(Increase) in stock (8,937) (24,260)
(Increase) in debtors 13 (1,522,980) (1,649,705)
Increase in creditors 14 1,678,741 976,944
Net cash inflow (outflow) from operating activities 781,339 693,189
Investment activities £ £
Investment income received 73,509 24,319
Accrued investment income 4,143
Interest paid (29,026) (18,586)
Purchase of fixed & heritage assets (521,135) (991,192)
Purchase of investments (26,548) (17,738)
Sale proceeds of disposal of assets 48,250 27,213
Sale proceeds of investments
Net cash inflow (outflow) from investment activities (454,950) (971,841)
£ £
Debt due within one year:
Increase / (decrease) of secured loan (mortgage) 14 635 (6,403)
Debt due beyond one year:
Decrease of secured loan (mortgage) 14 (41,061) (39,274)
Net cash inflow (outflow) from financing activities (40,426) (45,676)
Total Net Cash inflow (outflow) 285,963 (324,328)
----- End of picture text -----

46 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

----- Start of picture text -----
20. Cash flow analysis (cont'd) 2024 2023
Note £ £
Analysis of cash and cash equivalents
Cash in hand 2,565,617 2,275,512
Cash held for reinvestment - -
Accrued investment income - 4,143
Overdraft - -
2,565,617 2,279,654
Analysis of change in net funds / (debt) 1 April Cash 31 March
2023 Flow 2024
Note £ £ £
Cash at bank and in hand 2,275,512 290,105 2,565,617
Debt due within one year 14 (44,472) (635) (45,107)
Debt due after one year 14 (406,581) 41,061 (365,521)
Net funds 1,824,458 330,531 2,154,989
----- End of picture text -----

21. Analysis of Group Net Assets by fund

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Unrestricted Funds|Restricted Funds| |General &| |Fixed Assets|Income|Fixed Assets|Total| |Designated| |Note|£|£|£|£|£| |-|-| |Tangible fixed assets|2,526,268|7,500,829|10,027,097| |Investments|444,331|-|2,188,829|-|2,633,159| |Cash at bank and in hand|737,055|-|1,828,561|-|2,565,617| |Stock|149,819|-|-|-|149,819| |Debtors|620,625|-|5,786,658|-|6,407,283| |Current Liabilities|(355,087)|(45,107)|(3,245,993)|-|(3,646,187)| |-|-|-| |Creditors > 1 year|(365,521)|(365,521)| |1,596,741|2,115,640|6,558,054|7,500,829|17,771,267|

----- End of picture text -----

For comparison to previous year please see below.

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Unrestricted Funds|Restricted Funds| |General &| |Fixed Assets|Income|Fixed Assets|Total| |Designated| |Note|£|£|£|£|£| |-|-| |Tangible fixed assets|2,628,823|7,426,593|10,055,416| |Investments|379,407|-|1,962,690|-|2,342,097| |Cash at bank and in hand|1,202,031|-|1,073,479|-|2,275,510| |Stock|140,882|-|-|-|140,882| |Debtors|711,977|-|4,172,326|-|4,884,303| |Current Liabilities|(569,458)|-|(1,397,353)|-|(1,966,811)| |-|-|-| |Creditors > 1 year|(406,581)|(406,581)| |1,864,839|2,222,241|5,811,142|7,426,593|17,324,815|

----- End of picture text -----

Year ended 31 March 2024 | Annual Report and consolidated accounts 47

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS

for the year ended 31 March 2024

22. Comparative Group statement of financial activities for the financial year to 31 March 2023

----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds 2023
£ £ £
INCOME
Donations and legacies 2,494,061 710,729 3,204,790
-
People's Postcode Lottery 225,000 225,000
Charitable activities 885,047 7,415,203 8,300,250
-
Other trading activities 463,087 463,087
Investments 17,959 18,953 36,912
Total Income 4,085,154 8,144,885 12,230,039
EXPENDITURE
Raising Funds 724,411 70,411 794,821
Charitable Activities 3,280,886 7,238,370 10,519,256
Total Expenditure 4,005,297 7,308,781 11,314,078
Gains/(losses) on investment assets (5,237) (63,203) (68,441)
Net income / (expenditure) 74,620 772,900 847,520
Transfers between funds 1,662 (1,662) -
Net incoming resources before other recognised gains 76,282 771,238 847,519
Other recognised gains/(losses)
Gains/(losses) on fixed assets 4,899 1,366 6,265
Net movement in funds 81,181 772,604 853,784
Reconciliation of funds
Funds Brought Forward 4,005,900 12,465,132 16,471,032
Total funds carried forward 4,087,081 13,237,735 17,324,815
Unrestricted Restricted
Balance Sheet YWT 2023
Funds Funds
£ £ £
Fixed assets
Tangible assets 1,658,623 3,783,720 5,442,343
Heritage assets 970,200 3,642,873 4,613,073
Investments 379,417 1,962,690 2,342,107
Total fixed assets 3,008,240 9,389,284 12,397,523
Current assets
Stock 67,698 - 67,698
Debtors 1,034,666 4,172,325 5,206,991
Cash at bank and in hand 937,657 1,073,479 2,011,136
Total current assets 2,040,021 5,245,804 7,285,825
Liabilities
Creditors: amounts falling due within one year 554,599 1,397,353 1,951,952
Net current assets 1,485,422 3,848,452 5,333,873
Total assets less current liabilities 4,493,662 13,237,736 17,731,397
-
Creditors: amounts falling due after more than one year 406,581 406,581
Net assets 4,087,081 13,237,735 17,324,815
The funds of the charity:
General unrestricted funds 1,454,097 - 1,454,097
-
Designated funds 410,742 410,742
Restricted income funds - 5,811,142 5,811,142
Fixed asset purchases fund 2,222,241 7,426,593 9,648,834
Total funds 4,087,081 13,237,735 17,324,815
----- End of picture text -----

48 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2024

23. TRADING SUBSIDIARY

Yorkshire Wildlife Services Limited

On 18 December 2015, Yorkshire Wildlife Services Limited ("YWSL") a company registered in England was incorporated. Yorkshire Wildlife Trust owns the entire share capital of YWSL (10 ordinary shares of £1). YWSL was incorporated as a wholly owned subsidiary, with a view to generating funds on behalf of Yorkshire Wildlife Trust and ensuring continued compliance with UK tax legislation. YWSL commenced trading on 1 April 2016. On 1 April 2016, the retail and catering operations of Yorkshire Wildlife Trust were moved to YWSL. All retail and catering stock at 1 April 2016 was transferred to YWSL.

During the 12 months to 31 March 2024, a profit of £862 before taxation was generated and subsequently distributed to Yorkshire Wildlife Trust under the gift aid scheme.

----- Start of picture text -----
Profit and loss account 2024 2023
for 12m to 31 March 2024 £ £
Turnover 497,324 494,733
Cost of sales 463,092 457,509
Gross Profit 34,233 37,224
Administrative expenses 33,371 28,865
Profit before taxation 862 8,360
Gift Aid Donation to Yorkshire Wildlife Trust 862 8,360
- -
Transfer to retained earnings
Balance sheet 2024 2023
at 31 March 2024 £ £
Current assets
Stock 76,286 73,184
Debtors 12,743 8,939
Cash at bank and in hand 231,924 264,375
Total current assets 320,952 346,498
Liabilities
Creditors: amounts falling due within one year 320,942 346,488
Total assets less current liabilities 10 10
- -
Creditors: amounts falling due after more than one year
Net assets 10 10
Capital and Reserves
Share Capital 10 10
Profit and loss reserves - -
Total equity 10 10
----- End of picture text -----

Year ended 31 March 2024 | Annual Report and consolidated accounts 49

Looking ahead to 2024/25

We are nature’s voice when nature has none. We will continue to advocate for Yorkshire’s nature on the broadest possible scale; working extensively across land, river and sea, partnering with councils, landowners and communities, and encouraging love for nature with future generations.

We remain focused on ensuring the ambitious Local Nature Recovery Strategies that Yorkshire’s nature needs are created.

We will deliver our innovative programme of nature recovery; from the uplands, through our catchments, to the coast and into our offshore marine environment. We will continue to care for our precious reserves and their wildlife, and will encourage more people to mobilise for nature, particularly increasing opportunities for young people.

We want our voice for nature to be heard strongly throughout Yorkshire and in Westminster as the new Government takes shape. As a result, we will share our stories everywhere – with our supporters, the media and in communities - so that we can drive action on climate and ecological breakdown.

Together, we can create a wilder Yorkshire.

Ripon City Wetlands

50 Annual Report and consolidated accounts | Year ended 31 March 2024

Yorkshire Wildlife Trust 1 St. George’s Place York YO24 1GN

Phone: 01904 659570 Email: info@ywt.org.uk

Yorkshire Wildlife Trust is registered in England no. 00409650 and is a registered charity no. 210807. Registered Office: 1 St George’s Place, York, YO24 1GN Image: Red Kite - Jon Hawkins

2024-03-31-accounts

Trustees’ Annual Re ort and Accounts p Year ended 31 March 2024

Yorkshire Wildlife Trust Report of the Board of Trustees

Contents

Working together for a Wilder Yorkshire

TeamWilder approach puts people and communities at the heart of nature’s recovery.

Our Governance

Directors and trustees

Patrons

Legal Advisors

Bankers

Our year in numbers

Our strategy

Ambition 1

Ambition 2

Ambition 3

Nature in recovery Ecosystems and landscapes

Peatlands

Wilder uplands

Our Wild Ingleborough programme continues,

Woodland recovery:

Conservation grazing:

Species recovery:

John Muir Awards for schools in Settle and Kirkby in Malhamdale

Teacher John Bell said:

Rivers

n Dynamic Drains:

Nature in recovery Our reserves

Volunteering to make a change

Caring for our precious plants and animals

Caring for woodlands

Nature in recovery Estuaries, coast and sea

Nature in recovery Evidence, strategy and advocacy

Conservation evidence

Speaking up and advocating for wildlife

Local Nature Recovery Strategies

Advocacy

People taking action

Driving understanding of and enthusiasm for Yorkshire’s incredible wildlife remains a vital part of our work to aid nature’s recovery.

Thank you to our amazing volunteers

Thank you to our generous supporters

Thanks also to our legacy pledgers:

Corporate members and supporters

A warm welcome to our new corporate members:

Our new corporate supporters:

We appreciate the ongoing support from a wide range of Yorkshire’s businesses who value our work – thank you.

Gold Members:

Silver Members:

Bronze Members

Corporate Supporters:

Our Annual Accounts and Audit Report

Financial summary

Financial and Fundraising overview

Carbon reduction

Thank you

Trustees’ Annual Report

Principal risks and uncertainties

Financial Reserves Policy and Going Concern considerations

Investment Policy

Fundraising Disclosure

Our commitment to supporters

Equality, Diversity and Inclusion

Governing document

Structure, Governance and Management

Trustee appointment, induction and training

Organisation

Trading Subsidiary

Statement of Trustees’ Responsibilities

The trustees are responsible for keeping proper

In so far as the trustees are aware:

Joanna Webb, Chair

Auditors Report

Opinion

Basis for opinion

Conclusions relating to going concern

Other information

Other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exception

Responsibilities of trustees

Auditor’s responsibilities for the audit of the financial statements