**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: - (i) _The Naturalist_ , founded in 1875, which contains reports of the Union's meetings and papers of natural history interest relating principally to the north of England; - (ii) Yorkshire Bird Report; - (iii) Yorkshire Butterflies and Moths Report (in conjunction with Butterfly Conservation Yorkshire); and - (iv) Occasional books, guides and manuals. 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 three issues of _The Naturalist_ ; - Published a _Bird Report_ ; - Published the _Butterflies and Moths Report_ jointly with Butterfly Conservation Yorkshire; - Five Vice-County field meetings took place, together with field meetings organised by the Botanical and Bryological Sections. - On-going concern over Covid risks meant that no indoor training sessions took place and no conference was planned. - In the autumn and spring a number of Zoom events took place, including themed presentations and more informal Zoom chat sessions - Gathered, collated and verified biological records which are then shared with local environmental record centres and national recording schemes and made publically available via the NBN Atlas in accordance with the YNU's published data policy. - Under the newly established grant scheme, grants were awarded to 1) the Yorkshire Moths website co-ordinator for the construction of a new Yorkshire Moths website; 2) River Holme Connections for a Water Vole survey in the upper catchment of the River Holme, during 2023. 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).** - (1) To continue to develop our educational programme through the provision of training courses, workshops and field meetings. - (2) To deliver a conference at least biennially. - (3) To continue to gather and share biological records in accordance with the YNU's published data policy, encouraging and supporting use of new technology to improve data flow and increase data accessibility. - (4) To support the YNU's affiliated societies by participating in and promoting their programmes of indoor and outdoor meetings. - (5) Through our publications and website, to disseminate information about natural history in Yorkshire and northern England. ## **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: - (i) the COIF Investment Fund, which aims to provide an above-average return performance through capital and income return combined; - (ii) the COIF Property Fund, which aims to achieve a high and sustainable level of income with some capital appreciation; and - (iii) the COIF Global Investment Fund which aims to provide an income yield greater than that on the FTSE All World Series World Index. 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: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgments and accounting estimates that are reasonable and prudent; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 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