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2023-03-31-accounts

Charity Number: 224018

YORKSHIRE NATURALISTS'

UNION

Report of the Trustees and Unaudited Financial Statements

FOR THE YEAR ENDED 31 MARCH 2023

YORKSHIRE NATURALISTS' UNION

CONTENTS

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

YORKSHIRE NATURALISTS' UNION

REFERENCE AND ADMINISTRATIVE INFORMATION for the year ended 31 March 2023

Charity Name

Yorkshire Naturalists' Union (abbreviated as YNU)

Charity Registered Number

224018

Registered Office

c/o N.E.Y.E.D.C. Unit 7, Hassacarr Close Dunnington York YO19 5SN

Trustees (Term ends)

Chairman of the Executive

Dr A. V. Millard (2024) Mr A. Godfrey (2025) Dr T. Whitaker (2025) Mrs B. Bailey (2024) Mrs J. Warwick (2024) Publicity Mr F. Hickenbottom (2025) Mr P. Whelpdale (2025)

President

Prof Alastair Fitter

President elect

Mr Jeff Lunn

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 2023

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 2023. 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) receive 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 2023

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. At the Annual General Meeting, held on 15th October 2022, at the University of Hull, Brynmor Jones Library, HU6 7RX, Andrew Godfrey, Francis Hickenbottom, Phillip Whelpdale & Terry Whitaker were re-appointed. 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 field 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, informal 'Zoom Chat' sessions are held outside the main field season when members have opportunities to raise issues.

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 reviewed in February 2023 and an updated policy posted on the YNU website. Members are asked to contact any trustee if they feel that there has been a 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 2023

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. Insurance information pertinent to members is incorporated within the updated Health and Safety policy.

ACHIEVEMENTS AND PERFORMANCE

During the reporting period 2022-23, the Yorkshire Naturalists' Union undertook the following activities to further its charitable purposes for the public benefit:

Published the Butterflies and Moths Report jointly with Butterfly Conservation Yorkshire;

Page 4

YORKSHIRE NATURALISTS' UNION

TRUSTEES' REPORT (continued) for the year ended 31 March 2023

Membership Report 2022-23

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 until further notice. Subscriptions for students and low income/unwaged were brought in line so that both categories of membership now pay £15. As of 31st March 2023, the YNU had 372 individuals and 41 Affiliated Societies as paid up members. During the period, 23 new individual members were gained, 38 were lost, whilst 1 Affiliated Society was gained and 1 lost 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 £29,010 (2021/22: £28,760). Legacies of £7,500 were received in the year (2021/22: £2,000)

A three-year financial contribution agreement (1st April 2022 to 31st March 2024) is currently in place between the YNU and the North and East Yorkshire Ecological Data Centre (NEYEDC). The sum of £2,000 would be paid by the YNU to NEYEDC every twelve months as a contribution to the vital work the centre carries out.

Grants of £3,000 were made in the year (2021/22 £550).

In this financial year, income from individual membership subscriptions decreased by 13.2% (- £1,371). Affiliated society subscriptions decreased by 6.7% (-£85) whilst library subscriptions was the same as the previous year.

Page 5

YORKSHIRE NATURALISTS' UNION

TRUSTEES' REPORT (continued)

for the year ended 31 March 2023

FINANCIAL REVIEW - continued

The cost of publishing The Naturalist decreased by £26 and the Yorkshire Butterfly and Moth Report decreased by £279 (9%) compared to the previous year. Expenses relating to the 201819 Bird Report report were incurred in the accounting period, meaning a total of £13,999 was paid (2021/22: £13,999).

The accounts show an operating deficit of £2,495 for the year on general funds (2021/22: deficit £7,036). The difference is largely due to the legacies received last year.

Our COIF cash holding showed an unrealised loss on investment assets of £26,130 over the course of the financial year (2021/22: gain £40,837). 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 £454,400 (£441,897 + balances in 2 bank accounts with CAF at 31st March 2023) 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 £7,507 (2021/22: £7,750; 2020/21: £6,821) in fees paid to Administrative 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 2023

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 explain 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:

Dr A. V. Millard

(Chairman)

Date: 21 September 2023

Page 7

YORKSHIRE NATURAUSTS, UNION IIIDEPENDENT EXAMINER'S REPORT for the year ended 31 March 2023 Independent Examiner's Report to the Trustees of the YORKSHIRE NATURALISTS, UNION I report on the financial statements of the charity for the year ended 31 March 2023 which are set out on pages 9 to 20. Re5ponsibilltles 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 20111'the 2011Act'l. I 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 I have followed all the applicable Directions en by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I can confirm that no matter5 have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 111 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or 121 the accoLsnts do not accord with those records: or 131 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report51 Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not matter considered a5 part of an independent examination. I 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.. Dated.. 20 5EPieMO6tI 2&13 Neal V Crumpton, FCCA Crumpton & Co. Chartered Accountants 682 Anlaby Road Page 8

YORKSHIRE NATURALISTS' UNION

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2023

Unrestricted
funds
2023
Note
£
Incoming resources
Income and endowments from:
Donations and legacies
2
7,701
Charitable activities
4
14,215
Investments
3
13,327
Total incoming resources
35,243
Resources expended
Expenditure on:
Charitable activities
5
37,738
Total resources expended
37,738
(2,495)
Net gains/(losses) on investments
10
(22,859)
Net movement in funds
(25,354)
Reconciliation of funds:
Total funds at 1 April 2022
14
470,415
Total funds at 31 March 2023
14
445,061
Net income/(expenditure) before
investment gains/(losses)		 Restricted
funds
2023
£
-
-
1,267
1,267
-
-
1,267
(3,271)
(2,004)
64,306
62,302		 Total
funds
2023
£
7,701
14,215
14,594
36,510
37,738
37,738
(1,228)
(26,130)
(27,358)
534,721
507,363		 Total
funds
2022
£
2,250
14,536
13,974
30,760
37,796
37,796
(7,036)
40,837
33,801
500,920
534,721

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

Page 9

YORKSHIRE NATURALISTS' UNION

BALANCE SHEET

as at 31 March 2023

Note
Fixed assets
Tangible assets
9
Investments
10
Current assets
Debtors
12
Cash at bank and in hand
13
Net current assets
Net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total charity funds
Creditors: amounts falling due
within one year		 £
4,336
67,177
71,513
(6,046)		 2023
£
-
441,897
441,897
65,466
507,363
62,302
445,061
507,363		 £
3,405
67,871
71,276
(4,581)		 2022
£
-
468,027
468,027
66,694
534,721
64,306
470,415
534,721

The financial statements on pages 9 to 20 were approved by the Executive Committee on 21 September 2023 and signed on its behalf by:

and signed on its behalf by:

Dr A. V. Millard Chairman Dr T Whitaker Terry Whitaker Trustee Terry Whitaker (Oct 16, 2023 21:45 GMT+1)

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 2023

1 Accounting policies

(a) Basis of preparation of financial statements

The financial 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

All income 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 2023

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 2023

1 Accounting policies (continued)

(j) 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 arisen 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 aim and use of each restricted fund is set out in the notes to the financial statements.

2 Income from donations and legacies

Unrestricted
funds
2023
£
Donations
201
Gift Aid
-
Legacies
7,500
7,701
2,250
For the year ended
31 March 2022		 Restricted
funds
2023
£
-
-
-
-
-		 Total
2023
£
201
-
7,500
7,701		 Total
2022
£
250
-
2,000
2,250
2,250

Page 13

YORKSHIRE NATURALISTS' UNION

NOTES TO THE FINANCIAL STATEMENTS (continued)

for the year ended 31 March 2023

Income from investments

3
Income from investments
Unrestricted
funds
2023
£
12,935
Bank interest received
392
13,327
12,358
4
Income from charitable activities
Unrestricted
funds
2022
£
Subscriptions:
- Members and Associates
9,030
- Affiliated societies
1,170
- Libraries and Universities
511
Conference and meetings
-
Book and publication sales
207
Sale of Bird Reports
962
Advertising income
-
Royalty income
2,335
The Hawkweeds of Yorkshire
-
Lepidoptera book sales
-
14,215
14,536
For the year ended
31 March 2022
For the year ended
31 March 2022
Income from UK listed
investments		 Restricted
funds
2023
£
1,227
40
1,267
1,616
Restricted
funds
2022
£
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2023
£
14,162
432
14,594
Total
2022
£
9,030
1,170
511
-
207
962
-
2,335
-
-
14,215		 Total
2022
£
13,963
11
13,974
13,974
Total
2021
£
10,401
1,255
510
-
36
805
-
1,530
-
-
14,536
14,536

Page 14

YORKSHIRE NATURALISTS' UNION

NOTES TO THE FINANCIAL STATEMENTS (continued)

for the year ended 31 March 2023

5
Analysis of expenditure on charitable activities
Unrestricted
Restricted
funds
funds
2023
2023
£
£
Grants to institutions
3,000
-
Publication costs:
- The Naturalist
6,894
-
- The Bird Report
13,999
-
2,734
-
Conference and meetings
50
-
26,677
-
Share of support costs
(6)
10,811
-
(6)
250
-
37,738
-
For the year ended 31 March 2022
Unrestricted funds
37,796
Restricted funds
-
37,796
Share of governance
costs
- The Butterflies and
Moths Report		 Total
2023
£
3,000
6,894
13,999
2,734
50
26,677
10,811
250
37,738		 Total
2022
£
550
6,920
16,691
3,013
55
27,229
10,317
250
37,796
37,796
-
37,796
6
Allocation of support costs
Printing and stationery
Administrative Officer
Consultancy fees
Accountancy fees
Computer and website
expenses
Independent Examiner's
fees
Other administrative
expenses		 Support
Costs
Governance
£
£
1,315
-
-
250
5,505
-
-
-
2,002
-
1,707
-
282
-
10,811
250		 Total
2023
£
1,315
250
-
5,505
-
2,002
1,707
-
282
11,061		 Total
2022
£
33
250
5,437
-
2,313
1,751
783
10,567

Page 15

YORKSHIRE NATRUALISTS' UNION NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 March 2023

7 Net income / (expenditure) for the year

Net income / (expenditure) is stated after charging /(crediting):

----- Start of picture text -----
|||| |---|---|---| |2023|2022| |£|£| |Profit/(loss) on fair value movement of investments|(26,130)|40,837|

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

8 Trustees' remuneration and expenses

No Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2022: £nil). Travel expenses of £nil were paid to Trustees (2022: £nil).

9 Tangible fixed assets

----- Start of picture text -----
|||| |---|---|---| |Display| |equipment|TOTAL| |£|£| |Cost| |At 1 April 2022|4,548|4,548| |Additions|-|-| |-|-| |Disposals| |At 31 March 2023|4,548|4,548| |Depreciation| |At 1 April 2022|4,548|4,548| |-|-| |Charge for year| |-|-| |Eliminated on disposal| |At 31 March 2023|4,548|4,548| |Carrying amount| |At 31 March 2023|-|-| |At 31 March 2022|-|-|

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

Page 16

YORKSHIRE NATURALISTS' UNION NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 March 2023

11 Fixed Asset Investments

Fixed Asset Investments
Market value
At 1 April 2022
Additions
Revaluations
Disposals		 Listed
investments
£
468,027
(26,130)
At 31 March 2023 441,897
Historical cost at 31 March 2023 275,240

There were no investment assets outside the UK.

The fair value of listed investments is determined by reference to the quoted price for identical assets in an active market at the balance sheet date.

Investments which exceed 5% of the value of the portfolio are as follows:

General Funds:
Restricted Funds:
COIF Charities Investment
Fund
COIF Charities Fixed Interest
Fund
COIF Charities Global Equity
Fund
COIF Charities Property Fund
COIF Charities Fixed Interest
Fund
COIF Charities Investment
Fund
COIF Charities Global Equity
Fund
COIF Charities Property Fund		 2023
£
312,391
28,993
51,076
392,460
35,348
5,018
9,071
49,437
441,897		 2023
%
80%
0%
7%
13%
100%
72%
0%
10%
18%
100%		 2022
£
324,558
30,056
60,706
415,320
36,724
5,202
10,781
52,707
468,027		 2022
%
78%
0%
6%
16%
100%
70%
0%
10%
21%
100%

Page 17

YORKSHIRE NATURALISTS' UNION NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 March 2023

----- Start of picture text -----
12 Debtors
2023 2022
£ £
Accounts Receivable 1,373 541
Prepayments and accrued income 1,430 1,331
Other Debtors 1,533 1,533
4,336 3,405
13 Creditors: amounts falling due within one year
2023 2022
£ £
Accounts Payable 5,796 4,331
Accruals and deferred income 250 250
6,046 4,581
14 Fund reconciliation
Net
Balance at movement Balance at
1 Apr 2022 in funds 31 Mar 2023
£ £ £
Unrestricted funds
Accumulated Fund 368,931 (22,408) 346,523
General Revenue Account 101,033 (2,495) 98,538
Designated - Development Account 451 (451) -
470,415 (25,354) 445,061
Restricted funds
Ornithological Accumulated Fund 51,681 (3,271) 48,410
Ornithological Fund 7,032 1,267 8,299
-
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
64,306 (2,004) 62,302
Total funds 534,721 (27,358) 507,363
----- End of picture text -----

Page 18

YORKSHIRE NATURALISTS' UNION

NOTES TO THE FINANCIAL STATEMENTS (continued)

for the year ended 31 March 2023

14 Fund reconciliation - continued

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

Unrestricted funds
Accumulated Fund
General Revenue Account
Restricted funds
Ornithological Fund
Mycological Publication Fund
Total funds
Designated - Development
Account
Ornithological Accumulated
Fund
Special Publications and
Illustrations Fund
Restricted Grants received
(other)		 Income
Expenditure
£
£
-
-
35,243
(37,738)
-
-
35,243
(37,738)
-
-
1,267
-
-
-
-
-
-
-
36,510
(37,738)		 Gains /
(losses)
£
(22,859)
-
-
(22,859)
(3,271)
-
-
-
-
(26,130)		 Movement
in funds
£
(22,859)
(2,495)
-
(25,354)
(3,271)
1,267
-
-
-
(27,358)

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

YORKSHIRE NATURALISTS' UNION NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 March 2023

15 Analysis of net assets between funds

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Designated|Restricted| |funds|funds|funds|Total| |£|£|£|£| |Fixed assets|392,460|-|49,437|441,897| |Cash and current investments|54,312|-|12,865|67,177| |-|-| |Other current assets /liabilities|(1,710)|(1,710)| |Total|445,062|-|62,302|507,364|

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

16 Related party transactions

There were no disclosable related party transactions during the period (2022: £nil).

17 Financial instruments

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

----- Start of picture text -----
|||| |---|---|---| |2023|2022| |£|£| |Financial assets| |Measured at fair value through net income / expenditure:| |- Fixed asset listed investments (note 11)|441,897|468,027|

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

Page 20

YNU FInal accounts 31Mar23

Final Audit Report

2023-10-16

Created: 2023-10-16 By: Guy Baragwanath (mail@cgb-associates.com) Status: Signed Transaction ID: CBJCHBCAABAAtk7RDEVXCLj0yshipwYttja_Xi8e1Irx

"YNU FInal accounts 31Mar23" History

Document created by Guy Baragwanath (mail@cgb-associates.com)

2023-10-16 - 3:21:13 PM GMT

Document emailed to editor@ynu.org.uk for signature

2023-10-16 - 3:22:21 PM GMT

Email viewed by editor@ynu.org.uk

2023-10-16 - 6:51:58 PM GMT

Signer editor@ynu.org.uk entered name at signing as Dr. A. V. Millard 2023-10-16 - 7:11:01 PM GMT

Document e-signed by Dr. A. V. Millard (editor@ynu.org.uk)

Signature Date: 2023-10-16 - 7:11:03 PM GMT - Time Source: server

Document emailed to Terry Whitaker (t.whitaker1@btinternet.com) for signature 2023-10-16 - 7:11:05 PM GMT

Email viewed by Terry Whitaker (t.whitaker1@btinternet.com) 2023-10-16 - 8:41:07 PM GMT

Document e-signed by Terry Whitaker (t.whitaker1@btinternet.com) Signature Date: 2023-10-16 - 8:45:20 PM GMT - Time Source: server

Agreement completed.

2023-10-16 - 8:45:20 PM GMT