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2021-03-31-accounts

Charity Number: 224018

YORKSHIRE NATURALISTS' a, UNION

Report of the Trustees and Unaudited Financial Statements

. FOR THE YEAR ENDED 31 MARCH 2021

ij

YORKSHIRE NATURALISTS' UNION

CONTENTS

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|||||| |---|---|---|---|---| |Page| |Reference|and|Administrative|Information|1| |Trustees'|Report|2-7| |Independent|Examiner's|Report|8| |Statement|of|Financial|Activities|9| |Balance|Sheet|10| |Notes|to the|Financial Statements|11-20|

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YORKSHIRE NATURALISTS’ UNION

REFERENCE AND ADMINISTRATIVE INFORMATION for the year ended 31 March 2021

Charity Name Yorkshire Naturalists' Union {abbreviated as YNU)

Charity Registered Number 224018

Registered Office c/o N.E.Y.E.D.C. 10a Minster Gates York YO1 7HL

Trustees

Dr A. V. Millard (2021) Chairman of the Executive Mr A. Godfrey (2022) Dr T. Whitaker (2022) Mrs B. Bailey (2021) Mrs J. Warwick (2021) Publicity Mr F. Hickenbottom (2023) Mr P. Whelpdale (2023)

President

DrJ. Allinson

President elect

Mr B. Warrington

Administrative Officer

Ms C. Langrick

Treasurer

Mr G. Baragwanath FCA

Independent Examiner Mr N. V. Crumpton FCCA Crumpton & Co Ltd Chartered Accountants 682 Anlaby Rad, Hull, HU3 6UZ

Bankers

National Westminster Bank Plc Markets Branch, 66 Vicars Lane, Leeds, LS1 7LQ

Investments

COIF Charities Management Funds 80 Cheapside, London, EC2V 6DZ

Insurance

Ecclesiastical Insurance Group Plc Beaufort House, Brunswick Road, Gloucester

Page 1

YORKSHIRE NATURALISTS’ UNION

TRUSTEES' REPORT for the year ended 31 March 2021

ee

The Executive of the Union (the Trustees) present their annual report together with the financial statements of the Yorkshire Naturalists’ Union (the charity) for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published on 16 July 2014 (as amended by Update Bulletin 1 published on 2 February 2016).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Yorkshire Naturalists’ Union exists to promote the scientific investigation of the fauna, flora and physical features of the county of Yorkshire and encourage their conservation. It issues publications, holds field and indoor meetings throughout Yorkshire, and provides a variety of educational and scientific resources. Members (societies or individuals) recelve one copy of each of the regular publications.

The Union currently publishes and maintains the copyright in:

Field meetings are held mainly in the summer months, usually one in each of the five Yorkshire Watsonian vice-counties 61-65. A detailed programme of field meetings is issued to all members and is publically available via the website www.ynu.org.uk.

Sections are formed to carry out research and share knowledge in a particular field or aspect of natural history.

Public benefit

The Union qualifies for charitable status as a charity for the advancement of environmental protection and improvement.

The Trustees of the Yorkshire Naturalists' Union have complied with their duty in section 4 of the Charities Act 2006 to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.

Page 2

YORKSHIRE NATURALISTS' UNION

TRUSTEES’ REPORT (continued)

for the year ended 31 March 2021

ee

STRUCTURE, GOVERNANCE AND MANAGEMENT

Election of Trustees

Each year three trustees step down by rotation and may seek re-election. The year in parenthesis (see Reference & Administration page 1) shows the year of retirement. Members over the age of 18 are entitled to be proposed, and seconded as trustees and seek election at the Annual General Meeting. No Annual General Meeting took place because of the Covid pandemic. Mrs P. Lightfoot's year of co-option ended and she did not wish to continue as a trustee. No other trustees were due for re-election. There are currently two vacancies for trustees.

The Chairman has day-to-day responsibility for management of the Union's affairs.

Training of the Trustees

All trustees have received a copy of the revised book CC3, The Essential Trustee: What you need to know and receive Charity Commission announcements. All Trustees are experienced fleld naturalists able to exercise their judgement in managing the scientific affairs of the Union.

Administrative Structure

The Executive Committee of Trustees, which meet two times during the period, manages the Union. In order to provide a wider forum for discussion on matters of natural history importance, the Natural Sciences Committee met two times.

Risk Management

The Executive considered that, with only limited financial contracts, financial commitments are well within our present financial reserves. COIF Investment Management, which spreads the deposits around 20 banks, holds our main deposits of cash. Cash reserves have been reduced to a minimum in response to low interest yields. The trustees have considered areas where cost savings can be made, especially in printing and postage costs. This strategy Is being implemented using new technology in-house to reduce printing costs.

In terms of meetings, our greatest exposure to risk is Health and Safety at field meetings. The Executive reviews Health and Safety annually. The Union's Health and Safety Policy was circulated to all members in the Spring of 2008 following a review, in the light of DEFRA concerns on animal health issues. Members are asked to contact any trustee if they feel that there has beena lapse of safety which concerns them. Guidance notes for working in the field have been issued to all members and guests on training courses. Members are asked to sign the attendance list before the meetings starts at all vice-county excursions. The Executive was not notified of any reportable incident during the period.

Page 3

YORKSHIRE NATURALISTS’ UNION

TRUSTEES' REPORT (continued) for the year ended 31 March 2020

a

Risk management - continued

The Trustees have issued the following guidance:

"Young person under the age of 18 are welcome to attend all meetings. However, as the Union has no member registered under the Children's Act, their parent or guardian must accompany young persons. The leader of an event must be consulted if children wish to attend”.

The Trustees have considered our level of public liability insurance and other risks. We have £5,000,000 employer's liability cover for members on Union business and £5,000,000 of public liability cover for visitors. Members of voluntary organisations such as ours Increasingly need to work through charities that have liability insurance. Recent guidance form the Charity Commission suggests that Charities which give advice, should hold such insurance. We have complied and our Trustees and officers liability insurance provides £500,000 cover. A leaflet giving guidance on insurance matters was issued to members with the Spring 2005 mailing.

ACHIEVEMENTS AND PERFORMANCE

During the reporting period 2020-21, the Yorkshire Naturalists’ Union undertook the following activities to further its charitable purposes for the public benefit:

The April 2020 conference was cancelled due to the Covid pandemic.

Page 4

YORKSHIRE NATURALISTS' UNION

TRUSTEES' REPORT (continued) for the year ended 31 March 2021

ee

Membership Report 2020-21

The Executive agreed to launch a taster membership of £15 in 2011 to encourage new members. This proved successful for both the recruitment and retention of new members and it was agreed at a meeting of the Executive in October 2018, that this special offer for new members would continue in 2019. As of 31st March 2021, the YNU had 436 individuals and 39 Affiliated Societies as paid up members. During the period, 28 new individual members were gained, 18 were lost, whilst 1 Affiliated Society was gained from the membership.

Plans for future periods (all face-to-face activities will be subject to any Covid restrictions).

FINANCIAL REVIEW

The value of total incoming resources, excluding legacies, for the financial year totalled £25,430 (2019/20: £28,539). Legacies of £36,055 were received in the year (2019/20: £nil)

A three-year financial contribution agreement (1st April 2021 to 31st March 2024) is currently being reviewed between the YNU and the North and East Yorkshire Ecological Data Centre (NEYEDC). The sum of £1,500 would be paid by the YNU to NEYEDC every twelve months as a contribution to the vital work the centre carries out.

No grants were made in the year (2019/20 ENil).

In this financial year, income from individual membership subscriptions decreased by 21.8%. Affiliated society subscriptions decreased by 74% whilst library subscriptions fell by 71% on the previous year.

Page 5

YORKSHIRE NATURALISTS’ UNION

TRUSTEES' REPORT (continued) for the year ended 31 March 2021

a

FINANCIAL REVIEW - continued

The cost of publishing The Naturalist increased by 8.4% and the Yorkshire Butterfly and Moth Report increased by 13% compared to the previous year. Expenses relating to the 2016 Bird Report report were incurred in the accounting period, meaning a total of £9,106 was paid (2019/20: £11,751).

The accounts show an operating surplus of £33,831 for the year on general funds (2019/20: deficit of £8,213). This is largely due to the legacles received in the year.

Our COIF cash holding showed an unrealised gain on investment assets of £63,294 over the course of the financial year (2019/20: loss of £10,276). Most of the YNU's surplus funds are invested in four specialist charity funds operated by CCLA Investment Management Ltd, who operate an ethical investment policy. At the financial year end, the Union had £439,653 (£427,190 + balances in 2 bank accounts with CAF at 31st March 2021) either held on deposit or invested within:

The allocation of investments between the three funds is shown in note 4(a) of the Financial Statements. Surplus cash Is held in the COIF Charities Deposit Fund, rated AAA by Moody's.

The YNU expended £6,821 (2019/20: £8,526; 2018/19: £5,242) in fees paid to Adminlstrative Officers and accountants for carrying out tasks that were performed by volunteers in the past.

Investment and Reserves policy

The Charity Commission requires each registered charity to have a policy covering its reserves. In March 2002, the Executive agreed that our reserves of unrestricted funds are to be invested, in accordance with the Trustee Investment Act 2000, to provide an income to be used to promote the study of natural history of Yorkshire through conferences, research, meetings and publications. This matter was considered again in October 2012, and it was agreed to review the policy. Once again, the Trustees used investment income to assist with conference costs, the creation of the new website and the publication of journals.

Page 6

YORKSHIRE NATURALISTS' UNION

TRUSTEES' REPORT (continued) for the year ended 31 March 2021

Funds held as Custodian Trustee

The Union does not act as a Custodian Trustee for any other charity.

EXECUTIVE COMMITTEE'S (TRUSTEES') RESPONSIBILITIES STATEMENT

The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explaln the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees, and signed on their behalf by:

(Chairman)

Date: 11 September 2021

Page 7

YORKSHIRE NATURALISTS’ UNION

INDEPENDENT EXAMINER'S REPORT for the year ended 31 March 2021

|

eee

Independent Examiner's Report to the Trustees of the YORKSHIRE NATURALISTS’ UNION

| report on the financial statements of the charity for the year ended 31 March 2021 which are set out on pages 9 to 20.

Responsibilities and Basis of Report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the 2011Act').

! report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

’

Independent Examiner's Statement

| have completed my examination. | can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

(1) accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

(2) the accounts do not accord with those records; or

(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair’ view which Is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: |‘LUT/ | uta a[i] Dated: l thseptemberseptember 2o6!

Dated: l thseptemberseptember 2o6!

Neal V Crumpton, FCCA

Crumpton & Co. Chartered Accountants 682 Anlaby Road Hu II Hu3 b UZ

Page 8

YORKSHIRE NATURALISTS’ UNION

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2021

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |2021|2021|2021|2020| |Note|£|£|£|£| |Incoming|resources| |Income and|endowments|from:| |Donations|and|legacies|2|38,135|-|38,135|1,619| |Charitable|activities|4|9,790|-|9,790|12,802| |Investments|3|12,755|805|13,560|14,118| |Total incoming resources|60,680|805|61,485|28,539| |Resources expended| |Expenditure|on:| |Charitable|activities|5|27,654|-|27,654|36,752| |Total|resources expended|27,654|-|27,654|36,752| |Net income/(expenditure)|before| |investment gains/(losses)|33,026|805|33,831|(8,213)| |Net gains/(losses)|on investments|10|64,404|(1,110)|63,294|(10,276)| |Net movement|in funds|97,430|(305)|97,125|(18,489)| |Reconciliation|of funds:| |Total funds|at|1 April|2020|14|345,533|58,262|403,795|422,284| |Total funds at 31 March|2021|14|442,963|57,957|500,920|403,795|

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The notes on pages 11 to 20 form part of these financial statements.

es

|

Page 9

YORKSHIRE NATURALISTS' UNION

BALANCE SHEET as at 31 March 2021

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2021 2020
Note £ £ £ £
Fixed assets
Tangible assets 9 - -
Investments 10 427,190 363,896
427,190 363,896
Current assets
Debtors 12 2,789 2,775
Cash at bank and in hand 79,444 38,805
82,233 41,580
Creditors: amounts falling due
within one year 13 (8,502) (1,681)
Net current assets 73,730 39,899
Net assets 500,920 403,795
Charity funds
Restricted funds 14 57,987 58,262
Unrestricted funds 14 442,963 345,533
Total charity funds 500,920 403,795
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The financial statements on pages 9 to 20 were approved by the Executive Committee on li SeeTemBce. 2524 and signed on its behalf by:

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Dr A. V. Millard fleeco-aae
Chairman
Trustee K C \ ?
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The notes on pages 11 to 20 form part of these financial statements.

Page 10

YORKSHIRE NATURALISTS’ UNION

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2021

1 Accounting policies

(a) Basis of preparation offinancial statements

The financlal statements have been prepared to give a ‘true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has Involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Charities Act 2011.

The Yorkshire Naturalists’ Union constitutes a public benefit entity as defined by FRS 102.

(b) Income recognition

Allincome Is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of Income receivable can be measured reliably.

(c) Expenditure recognition

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

(d) investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading 'Gains/(losses) on investments’ in the Statement of financial activities.

Page 11

YORKSHIRE NATURALISTS’ UNION

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 March 2021

1 Accounting policies (continued)

(e) interest receivable

Interest on funds held on deposit Is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

(f) Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Costs includes costs directly attributable to making the asset capable of operating as intended. Assets costing less than £200 are not capitalised.

Depreciation Is provided on all tangible fixed assets, at rates calculated to write off the cost, less their estimated residual value, of each asset on a systematic basis over its expected useful lives as follows:

Office equipment

- 20% on a reducing balance basis

{g) Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

(h) Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, It is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

(i) Financial instruments

The charity only has 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.

Page 12

YORKSHIRE NATURALISTS’ UNION

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 March 2021

ee

1 Accounting policies (continued)

{f} Taxation

As a charity, The Yorkshire Naturalists’ Union is exempt from tax on income and gains falling within the available tax exemptions to the extent that these are applied to its charitable objectives. No tax charges have arlsen in the charity.

(k}) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The alm and use of each restricted fund Is set out In the notes to the financial statements.

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2 Income from donations and legacies
Unrestricted Restricted
funds funds Total Total
2021 2021 2021 2020
£ £ £ £
Donations 2,080 - 2,080 86
Gift Aid - - 1,533
Legacies 36,055 - 36,055 -
38,135 - 38,135 1,619
For the year ended
31 March 2020 1,619 - 1,619
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Page 13

YORKSHIRE NATURALISTS' UNION

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 March 2020

3 incomefrom investments
Unrestricted Restricted
funds funds Total Total
2021 2021 2021 2020
£ £ £ £
IncomefromUK listed 12,731 796 13,527 13,990
investments
Bank interest received 24 9 33 128
12,755 805 13,560 14,118
—————————— _—<$—————— J [——————I 5—————_—__—_—+4
Forthe yearended
31 March 2020 12,473 1,645 14,118
= ——_— -——__——_______}
4 income from charitable activities
Unrestricted Restricted
funds funds Total Total
2021 2021 2021 2020
£ £ £ £
Subscriptions:
-Members andAssoclates 6,910 6,910 8,834
- Affiliated societies 1,345 1,345 774
- Libraries and Universities 37 37 129
Conference and meetings (970) (970) 1,774
Bookand publication sales 150 150 232
SaleofBird Reports 704 704 406
Advertisingincome - -
Royaltyincome 1,615 1,615 653
The Hawkweeds ofYorkshire - -
Lepidoptera booksales - -
9,790 - 9,790 12,802
Fortheyearended
31 March2020 12,802 - 12,802
——__—— ——__ ———————_

Page 14

YORKSHIRE NATURALISTS’ UNION

NOTES TO THE FINANCIAL STATEMENTS (continued)

for the year ended 31 March 2021

5 Analysis of expenditure on charitable activities

Unrestricted Restricted Restricted
funds funds Total Total
2021 2021 2021 2020
£ £ £ £
Grants to institutions - - - -
Publication costs:
-The Naturalist 6,602 - 6,602 6,090
-The Bird Report 9,106 - 9,106 11,751
-The Butterflies and 2,882 - 2,882 2,545
Moths Report
Conference and meetings - - - 4,018
18,590 - 18,590 24,404
Share ofsupport costs (6) 8,814 - 8,814 12,024
Share ofgovernance (6) 250 - 250 324
costs a eeeeeesés=—ita‘(_‘$ROW WU
27,654 - 27,654 36,752
—SSS==__ _—— J —SSSSS== ==
Fortheyearended31 March2020 2020
Unrestricted funds 36,752 36,752
Restricted funds - -
36,752 36,752
———— ——S
6 Allocation ofsupport costs
Support Total Total
Costs Governance 2021 2020
£ £ £ £
Printingand stationery 132 132 457
Independent Examiner's 250 250 250
fees -
Administrative Officer 5,446 5,446 5,475
Consultancyfees - -
Accountancyfees 1,375 1,375 3,051
Otheradministrative 1,561 - 1,561 2,117
expenses
Computerand website		 300 -
300		 998
expenses
8,814 250 9,064 12,348

Page 15

YORKSHIRE NATRUALISTS' UNION

NOTES TO THE FINANCIAL STATEMENTS (continued)

for the year ended 31 March 2021

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7 Net income / (expenditure) for the year
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Net income/ (expenditure) is stated after charging /(crediting):

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2021 2020
£ £
Profit/(loss) on fair value movement of investments 63,294 (10,276)
—————— SSS
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8 Trustees’ remuneration and expenses

No Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2020: £nil). Travel expenses of £nil were paid to Trustees (2020: £74).

9 Tangible fixed assets

Tangible fixed assets
Display
equipment TOTAL
£ £
Cost
At 1April2020 4,548 4,548
Additions
Disposals		 -
-		 -
-
At 31 March 2021 4,548 4,548
Depreciation
At 1April2020 4,548 4,548
Chargeforyear - -
Eliminated on disposal - -
At 31 March 2021 4,548 4,548
Carryingamount
At31 March 2021 - -
At31 March 2020 - -
_—————————— {-——_———;

Page 16

er

YORKSHIRE NATURALISTS’ UNION NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 March 2021

11 Fixed Asset Investments

|

|

11
Fixed Asset Investments
Listed
investments
£
Marketvalue
At 1April2020 363,896
Additions .
Revaluations 63,294
Disposals .
At31 March 2021 427,190
;———.——}
Historical cost at31 March 2021 275,240
—SSSSSS===
Therewere no Investment assets outsidethe UK.
The fairvalue of listed investments is determined by reference to the quoted price for
identical assets in an active market atthe balance sheet date.
Investments which exceed5% ofthe thevalue ofthe portfolio are asfollows:
2021 2021 2020 2020
£ % £ %
General Funds:
COIFCharities Investment 298,666 79% 247,443 77%
Fund
COIFCharities Fixed Interest 0% - 0%
Fund
COIFCharities Global Equity 27,729 7% 21,182 6%
Fund
COIFCharitiesPropertyFund 52,820 14% 34,013 18%
379,215 100% 322,638 100%
Restricted Funds:
COIFCharities Investment 33,795 70% 27,999 68%
Fund
COIF Charities Fixed Interest 0% - 0%
Fund
COIFCharities Global Equity 4,799 10% 3,666 9%
Fund
COIFCharitiesPropertyFund 9,381 20% 9,593 24%
47,975 100% 41,258 100%
427,190 363,896
gS

Page 17

r

Oy

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 March 2021

YORKSHIRE NATURALISTS’ UNION

12 Debtors

----- Start of picture text -----
2021 2020
£ £
Prepayments and accrued Income 1,256 1,242
Other Debtors 1,533 1,533
2,789 2,775
——— {——_________——}
13 Creditors: amounts falling due within one year
2021 2020
£ £
Accounts Payable 5,452
Accruals and deferred income 3,050 1,681
8,502 1,681
——___ |; [—________________}]
14 Fund reconciliation
Net
Balance at movement Balance at
1 Apr 2020 infunds 31 Mar 2021
£ £ £
Unrestricted funds
Accumulated Fund 268,423 64,404 332,827
General Revenue Account 76,659 33,026 109,685
Designated - Development Account 451 - 451
345,533 97,430 442,963
Restricted funds
Ornithological Accumulated Fund 48,058 (1,110) 46,948
Ornithological Fund 4,611 805 5,416
Special Publications and Illustrations Fund 2,435 - 2,435
Mycological Publication Fund 1,344 - 1,344
Restricted Grants received (BES & OPAL) 1,814 - 1,814
58,262 (305) 57,957
Total funds 403,795 97,125 500,920
—————— ——<$<—————_____—} ————_————
----- End of picture text -----

Page 18

. &

YORKSHIRE NATURALISTS’ UNION

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 March 2021

14 Fund reconciliation - continued

Net movement in funds, included In the above are as follows:

Gains/ Movement
Income Expenditure (losses) infunds
£ £ £ £
Unrestricted funds
Accumulated Fund - - 64,404 64,404
General RevenueAccount 60,680 (27,654) - 33,026
Designated - Development - - - -
Account
60,680 (27,654) 64,404 97,430
Restricted funds
OrnithologicalAccumulated - - (1,110) (1,110)
Fund
Ornithological Fund 805 - - 805
Special Publications and - - - -
Illustrations Fund
Mycological Publication Fund - - - -
Restricted Grants received - - - -
{other)
Totalfunds 61,485 (27,654) 63,294 97,125
}_——__—____3 ————___4 === [_————

The Ornithological Fund represents funds used by the ornithological section and includes funds previously held by the Protection of Birds Committee.

The Special Publications Illustrations Fund include the interest on a donation to enable the cost of printing photographs in the Naturalist on a regular basis. Grants or loans may also be given to authors.

The Mycological Fund represents cash raised from the sale of the Fungus Flora of Yorkshire.

Restricted Grants (other) are smaller grants from other bodies - statutory, corporate and charitable.

Page 19

w~ o

YORKSHIRE NATURALISTS’ UNION

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 March 2021

15 _— Analysis of net assets between funds

Analysis of net assets between fundsof net assets between fundsnet assets between fundsassets between fundsbetween fundsfunds Analysis of net assets between fundsof net assets between fundsnet assets between fundsassets between fundsbetween fundsfunds
Unrestricted Designated Restricted
funds funds funds Total
£ £ £ £
Fixed assets 379,215 - 47,975 427,190
Cash and current investments 69,011 451 9,982 79,444
Othercurrent assets/Ilabllities (5,713) - - (5,713)
Total 442,513 451 57,957 500,920

16 ~—— Related party transactions

There were no disclosable related party transactions during the period (2020: £nil).

17 ~_—s*Financial instruments

The carrying amount of the charity's financial instruments are as follows:

2021 2020
£ £
Financialassets
Measured atfairvaluethrough netincome/ expenditure:
- Fixed asset listed investments (note 11) 427,190 363,896
_

Page 20