YORKSHIREP4ATURAUSTS' UNION Reference and Admlnlstrallve Informatlon Trwtees, Report Independent Ex¥mlner'5 Report ststement of Flnand8lActlvltles Balance Sh* Nots$ to the Flnanclal Ststements REFERENCE ANO ADMINisfpATh￿ IP￿TIlJH fvrthe>wrended31 March 2024 awrfty Nam• Yorkshire Natyrallsts, unl￿ labknlated xl7lUI 224018 clo N.E.Y.E.D.C UnSt 7. Has5acarrChxe Dunnln8ton YO￿YO19 SSN Drk V. Mlllard120241 MrA Gothey120251 DrT. Wh￿aker12025j Mr$ 8. 8alley120241 Mrs J. Wan¥l¢k120241 Mr F. Hlckenbottom120251 Mr P. Whelpdale120251 Prof. L Fltter120261 Ms S. Robln120261 MSV. Wllklro120261 Mrjeff Lunn Mr Dvekwhltderf Ms C Larwlck & H. Whltsker MrG. baray4nath FCA Indep•rtd•nt Ex*mln•r Mr N. V. Crumpton FCCA Crumpton & Co Ltd Charrered Accwrtants 682 Anlaby Rad, Hull. HU3 6UZ B•nk•r5 Nallonal westsnlr￿ter Pk Markets 8r8nth 66Vkars LI￿ Leeds. LSI 7LQ COIF Charrtles Mana8ttnent Funds 80 Cheapskle. Lmdon, EC2V6DZ Inwr•n E¢deskastlcal Insuranc4 Group Pk ee4ufort Houge, BruM¥Ack Road. GI￿5¢ester Pwl YORKSHIRE NATURAUST5' UNION TRusfEES' REPORT for theyeorended31 Mt7rch 2024 The Executlve of the Unlon (the Tr￿leeS) presentthelr annual report tts8etherwlth the financial statements ofthe Yorkshlre NaturalLsts' Unlon Iihe thafltyl for the year ended 31 March 2024. Thefinanclal ststements have been prepared In ac¢ordance wlth the accountlng pollcles set out In the notss to the accounts and Comply wbth the charSty's govefnln8 document. the Charttle5 Act 2011 and A¢¢ountln8 and Reportlng bycharftles.. Stgtsment of Recommended Practke appllcableto tharltles preparlng thelr accounts In accttdan¢ewlth the Flnanclal Reportln8 Standard appllcable In the UX and Republlc of Ireland publl$hed on 16July 2014 la5 amènded by Update Bulleiln I pub115hed on 2 February 20161. 08JEcmi£sANDAcfMTIES OtsJ•ÉtfvM •nJ •lMJ The Yorkshlre Naturallsts, Unl¢)n ex15ts to prornote the sclentlflc Investl8atlon of the fauna, ffora and physl¢al features olthe county of Yorkshlre and encourage thelr conseTV¥tlon. It Issues publl¢atlons, holds field and Indoor meetlng5 throu8hout Yorkshlre, and provldes a varw of educatlonal and 5dentthc resources. M•mbers150cletles or IndI￿duall> recelv• one copy of eath of the rewlar publlcatlons. The Unlon cumtly publlshes and malntslns the ¢opyd8ht In: 111 TheNotyrnllst, founded In 1875, whlch contalns reports of the Unlon's meetlw and pers of natural hlstory Interest relatln8 prlnclp•llyto th• north of Englind; 111) Yorkjhlre Blrd ReporL' 11111 YofkshSre Butterflles and Moths Report {In conlunctlon wlth eutterfy Conservatlon Yorkshlrel: and Ilvl Oc(•5Jon?I books* 8uldes and manuats. Flekl rneètlngs •re held malnty In the summer months, Usual￿ one In each ofthe flve YofkshSre W¥tsonlan vlcfrcountles 61-65. A detalled pro8ramme offield meetln8s Is Issued to all members and ts publlcalty ov?Ilable *Aa the webslte Se¢Uons ore lormed to carryout reSea￿h and share knowledge In a partlcular field or aspect of natural hlstory. Publ1¢ ben•fit The Unlon qualffle5 forcharltsble status as a thartty forthe advancement of envlronment•l otertlon and Improvement. TheTrustees of the Yorkshlre Naturallsts. Unlon have complled with thelrduty In secllon 4 of the Charftles Act 2￿6 to have due regard to the guldance on publlc benefit publlshed by the Charlty Commlsslon In exerclsln their ower5 or duties. Page 2 YORKSHIRE NAIUAAUSTS IINION TRUSTEES, REPORT Icontlnuedl fortheyeorended31 Mor¢h 2024 Elethn ofTru5toas Each yearthree trt￿teeS step down by rthatlon and may seek re*lectlon. The year In parenthesls Isee Referen￿ & Admlnlstratlon page 11 shows the year of retlrement. Members over the a8e of 18 are entltled to be proposed. and seconded as trustees and seek electlon at the Annual General Meetln8 IAGMI. At the Annual General Meetln& held on 21stO¢tober2023, at the Prlory Street Centre, IS Prlory Street, York YOI 6Ef, Alastslr Fltter and JIM Horsfall were app¢lnted. Subsequent to the AGM Sara Robln and VkkyWllkSns were tOwOPted as trustees. The c￿IrMan ha$ dy-to4ay r¢s￿n9￿bIlIty for m•nagement of the Unlon's affa1￿. Trnlnlryofth• Tru•t• All trnstees have received a copy of the r￿Sed book CC3, The Essendql Trustee.. Whotyou need to know and recelve Charfty Commlsslon announcements. All Trustees are experlenced fleld natur411sts awe toexer¢lse thelrlud8ement In mana8ln8 the $dentlflc affalts of the Unlon. Admlnlrtr•tfv¢StrucEur• The &Kecutl¥e Commlttee ofTntstett, whlth meet tim•s dufln8 the perlod, minws ih• Unlon. In order to provlde a wlder forum for dIscu￿10n on mottèrs of nat¢Jral hbtory Importance. Inf0m￿l'zoorn Chat, sesslons are held outslde the maln fteld je￿0n when membets have opportunltles to ralse Issues. Rl•k Manwm•nl The Exe¢utlve ¢on51dered thai wlth only Ilmlied flnandal contrjcts. ftnanclal commftments ar• well withln our presentfinanclal reserves. COIF Investment Management, whlch spreads the deposlts around 20 banks. holds our maln deposlts of¢ash. Cash reserves have been reduced to mlnlmum In response ts low Interest ylelds. The trustees ha￿ con51dered area$ where Cost $avlngs cin be made, especbally In prlniln8 and posts8e ¢osts. Thls 5tr•te8y Is beln8 Implemented usln8 new tschnolo8y In-house to reduce prlntln8COSts. In tems of meetlngs• our yeatest exposure to rlsk Is Health and Safety at fleld meetlw. The Executlve revlews Health and Safety annually. The Unlon's Health and Safety Poll¢y was revlewed In February 2023 and an updated pollcy posted on the YNU web51te, Members are asked to￿Tr￿ct any trustee11 theyfeel thatthere has been a lapse of safety whkh concerns them. Guldance note5 for worklng In the fleld have been155ued to all members and guests on tralnlns ￿￿r5e$. Members are asked to 518n the attendan￿ Ilst before the meetln8s stsrts at all vlce The leader of an event must be consulted Sf chlldren wEsh to attend" TheTrustees have comldered our level of publi¢ IlablNty In5ur4nce and other rfsks. We hwe £5,000,OOOemployer's liabllity coverfor members on Unlon buslness and £5.OCQ,IJOO of publlc Ilablllty cover forvlsltor5. Members of voluntaryorganlsatlons such a5 OUTS Increaslnth need to work thrimtgh charStle5 that have Ilabllity Insuran￿. Recent8uldance forni the Charity Commlsslon su88ests that Charftle5 whlth 8fve advice, should hold such Insurance. We have complled and our Trustees and oflkets Ilablllty Insurance provldes £500,OQ) cover. Insurance Informatlon pertlnent to membets Is incorporatsd wlthln the updated Health and Safety poThw. AQIIEVEMENTS AND PERFORMANCE DurlnB the reportlwd perfod 202>24, the Yorkshlre Naturalists, Unlon undertook the followlng activltie5 to further Its tharltsble purposes forthe public benefrt.. Publlshed three Issues of The NoturoNst.' Publlshed the Butteffts undMothsReport Solnty with ButterfiyConseThatlon Yorkshl Initiated production of a publlcatlon on The State of Yorkshlre's Nature. lolnttywlth the Yorkshore Wtld15fe Tru5L' Ckganised a Conference In Marth 2024. jolntty with the Chartered Inslltute of Ecolo8y and Environmental Managemen¢ on The'Amateurf Naturallst & the Professional Ecologlst: Brfdglbw the Gap; Undertook a survey of affifiated socletles and Inthvldual members on future development of the YNU: Produ¢ed a YNU Development Plan: Ffve Vlcfrcounty field meetlw took pl8ce, tO8etherwlth field meetln8s organlsed by the Botanlcal and Bryologlcal Sertloffs: OTrgoJn8concem over Covtd rlsks meant that no lrtdoor tralnln8 sesslon5 tc#ik place; Gathered. collated and verltjed blolo8lcal records whlch a￿ then shared wlth local envlronmental record centres and natlonal recijrdlng Khemes and made publlcal avallable vla the N8N Atlas In accordance with the YNU'S publlshed data pollcy. Under the newfy estsbllshed grant stheme. grants were awarded to 11 forthe development of a new Ayomyzldae webslte: 21 fortheattendance of 5 Yorkshlre-based worker5 at a natlonal CuflewArtlon workshop: 3) fora survey of the Bog 8ush Crl¢ket In Yorkshlre. Page4 TRUSTEES, REPORT{conUnuedl fortheyeorended31 Morch 2024 MeffibeThh￿ Report 102>24 The E¥ecutlve aBreed to launch a tastermembershlp of£15 In 2011 to encouray new members. Thls proved suttessful for both the recrultment and retention of new members and It wa$ agreed ata meetlnB of the Executive In October 2018, that thls spedal offerfor new mefflbe￿ would contlnue untll furthernotlce. Subscrlptlons for students and low Incomelumva8ed were brought In Ilne so that both categorles of membershlp now pay £15. As of31st Marth 2024. the YNU had 387 IndI￿dual$ and 40 Affillated Sociedè5 as pald up members. During the perlod, 27 new Indlvldual members were8alned, 12 were lost, whlbt l Afflliated Society was lost from the membetshlp. Plansfwfirture perfodslall athhl•swlN be*ct to arycovld restrfthnsk 11) To contlnue to developour educatthal programme thrO￿h the provtslon of tr￿nIng courses. workshops and fièld meetlng5. 12) To dellw a conference at least blennlally. 131 To continue to 8ather4nd Share blolo8tcal record5 In accordance wtth the YNU'S publlshed dats pollty. encouraglnB and supportSn8 use of new te¢hnolo8y to Improve dats flow and Increase dats accesslblllty. 14} T05UPPOrtthe YNU'S affiliated sodetles by partldpatlng In aThl promotlng their programmes of indoorand outdoor meeUn8k 151 Throu8h our publlcatlons and webstte. to dlssemlnate Infomiatton aboutnatural h15tory In Yorkshlre and northem En￿and. FINANCIAL REVIEW Thevalue oftotsl Incoming resources, exdudln8 legacles. forthe flnanclal yeartotslled £3L116 12022123: £29.0101. Legacies of £749 were re￿ived In the year12022123.' £7,500) A thrtrye?r ffnanclal contrlbutlon aBreement ltsl April 2022 to 3tst March 20241 Is currently In place betsyeen theYNU and the North and Eastyorkshlre Ewloglcal Data Centre INEYEOC).The sum of £IO(M) w(wld be pald by theYNU to NEYEOC every twelve Months as a contrfbution to the vltalwork the ¢entre cafrles out. Grants ofa625 were made In theyear12022n3 £3,Cthl. In thLs flnancial year. Income from Indivldual membershlp subscrbptlons kn17eased by 0.9%1£801. Afflliated sodety subscrfptlons remalned eonstantwhllst Ilbrary $ubscrfptions de¢reased by0.8% {443). page 5 YORKSHIREM4TURALIST5' UNION TrLISTEES' REPORT Icontinuedl fvrthe yeor ended31 Morth2024 FIN>JICIALREview. contlnued The costof publlshlng The Naturallst decreased by £898 and the Y0rkshlreBUtte￿Qftd Moth Report deLYeased by £8 compared to the yevlous year. Therewere no expenses In Telatton to the 8lrdRem In the accounting perfod. The accounts show an operadn8 surplu5 of £7.268 fortheyear on general funds12022n3: defldt £14951. The dIffe￿nCe Ls largely due to there beln8 no Costs In relation to the Blrd Report. OurCOIF cash holdlng showed an un￿alIsed galn on Investment a55ets of £34XI38 overthe course of the financlal year1202zI23:10$5 £26.130I. Most of the YNU'S surplus fvNl$ are Invested in four spedallst tharlty funds operated by CCiA Investment Management Ltd, who operate an ethlcal Investment policy. At thefinandal year end. the Union had £488,549 (£475335 + balan¢es In 2 bank a¢counts wlth CAF at 31st March 20231 elther held on deposlt or Invesied withln.. 111 the COIF Investment Fund, whkh alms to provlde an above-average retyrn performance throu8h capitsl and Income retum combined; 1111 the COIF Property Fund. whlth alms to athleve a hlgh and $ustalnable level of Incomewlth some capltsl appre¢latlon: and {1111 the COIF Global Investment Fund whlth alms to pro￿de an Income yleld gwterthan that on the FfsE All World Serles World Index. The •ll¢>catlon ol Investments between the threefunds l$shown In nots 4lal of the Financial Statements. Surplu% cash Is held In the COIF Charftles Deposlt Fund. rated AAA by Moodvs. The VNU expended £8,245 {2022123: £7.507.' 2021122.. £7,7501 In fees pald to AdMI￿StratIve Offlors and accountants for carrylng out task5 t￿t were performed byvolunteers In the pasL In¥esbnertaml Reserves polky The CharltyComm1$51on rèqulres each re8lstered charltyto have a pollwcoverin8 its reserve& In Marth 2￿2, the Exec¢rtive agreed thatour reseNes of unrestrlrted fvnds are to be Invested, In accordance wlth the Trustee InvestmentAct 2CIOO, to provlde an Income to be usedto promote studyof natural hlstory of Yorkshire through conferences research, meeungs and publl¢aWon& Thjs matter was consldered a8aln In October 2012. and It was agreed to revlewthe pollcy. Once agaln, the Trustees used Investment Income to assist wlth conference costs. the ¢reatJon of the newwebslte and the publkatlon of journals. Page 6 YORKSHIRE NAniRALISIS' IINION TRUStEES' REPORT Icontlnuedl for theyeoren¢led31 Morch 2024 Funds hald is CwtsdlanTn The Unlon does not art 3$ a Custodlan Trustee lor any other charfty. The Trustees are responslble for preparlngtheTrustees' report and the flnanclal ststements In 8c£ordance wlth appllcable law and Unlted Klngdom AccO￿tIn85tsnd3ldS Iunlted KI￿d￿M Generally Attepted Accountln8 Practlcel. The Iwapplkable to ¢hoTltles In Eng14nd & Wwles requlre5 the Trustees to prepare flnandal statements for each flnanclal year whld) 8lve a true and falr vlew of the stste of aff¥lrs of the charjty and of the Incomln8 resources and appllcatlon of resources of the chartty for that perlod. In preparlnB these flnanclal Statements. the Trustees are requlred to,. select suitsble accountln8 polldes and then appty them conslstentty; obserle the methods and prlnclple5 In the Ch8rllle$ SOAP, makelud8ments ind account1￿ estlmates that are reason4ble and prudenL' •¢)d prepare the finandal st•tements on the ￿1n$ conurn basls unless It Is Inapproprlate to presume th*t the eharlty wlll Mntlnue In operatlon. TheTrustee$ ire respoNlble for k8eplng proper accountln8 records that are sufflclent to show and explaln the charlty's transKllons and dlsclose wlth reasonable accura¢yit any Ilme the financlal p051tlon of the ¢harltyand enable them to ensure that the financlal statements compty wlth the CharftlesArt 2011, the Charlty (Aecounts and Reports) Resulatlons 2QJ8 and the provlslons of the tnjst deed. They are a150 responslble for safe8uardln8 the assets of the charfty and hence fortsklns re￿onable steps f¢r the preventlon and detectlon of fraud and other Irre8ularltles. Thls report was approved by the Tru5t*es, Jnd s18ned on thelr behalf ￿.. DrA. V. Mlllard {Chalm￿nI Date: 28 Sept•mber 2024 Page 7 YoRK￿lRE 14ATURAUSW UNION INDEPENDENT EXAMINER'S REPORT For theiYorended31 Mgrch 2024 Indewd•nt Ex•mlMrfs R¢porttgTfUrteu ofthe YORKSHIRE NATURALISTS, UNION I report on the Ilnanclal ststements ofthe charlty for the yeK ended 31 Ma￿h 2024 whlch are set out on pa8es 9 to 20 Ampo￿bIlItIeS and gasli olfeport As the Trustees of the chartty you •Te r¢5ponslble forthe preparntlon of the accounts In accordanc• wlth the requlrements of the CharltlegArt 2011. Al￿ 2011 kt and In urryln8 Out m¥examlnatlon I have followed all the J5ypllcable Dlr•ctlons 8l¥en by the CharltyCoMmlss￿n under sectton 145151 Ibl of ihe 2011 ACL Ind•p•nd•nt Ex•mln•rfs St•t•m•nt I have Completed myexlmlnatlon. l un conflmi that no mltters hwe come to my attentlon In onne¢tlon wlth the examlnauon ilvlng me cause to belleve that In any materlal respert.. 111 Accountln8 recordswere not kept In aCCOfd•n¢ewlth serth>n 130 ofth• 2011 Art, or {21 The accounts do not accord wlth those records; pr 131 The accAwnts do not compty wfth the appllcable requlrements conornlnithe fomi and contsrt of •ccounts5et out In the CharIt￿l (Accounts Ind R*port5} Reiul•tlon5 2008 other th•n Jny ré4ulremertt that the occounts 41￿ o'true Jnd vl•w whlch 1$ not a m4tt•r consldered as p•rt ol•n Indopend•nt •x•mlnatlon. I h•ve no concems and have come Jcross no other matters In connertlon wlth the examlnatlon to whkh attentlon Should be drawn In thls ￿port in order to reach a proper understsndlftg of the accounts to be reached. 518ned: Dated: 20 September 2024 Neal V Crurnpton. FCCA Crnmpton & Co Ltsl Charte*d Accountants 682 Anlaby Road vll HU3 6UZ Page 8 YORKSHIRE NAIUAAUST5' UNION STATEMENTOF FINANaALAcnviTIES fvrtheyeorended31 Morch 2024 Totsl fvnds Totsl fvnds 2023 funds funds Incomln8 r¢wurus Donations and le8acles Chadtsble artlvStles Investments L140 15,294 14,094 1.140 15.294 15.431 7.701 14,215 I4￿94 1,337 Totsl InwMI￿ rexwtt•s 30.528 1,337 31,865 36.510 Expththr¢ on: Ch8rftsbleactlvStles 23.260 23.260 37.738 Totsl rnwurt•i •xp•nd•d 23,260 23.260 37.738 Net In¢omell•xp•fidlturè) b•lof• In¥•stm•nt ialns1{l(Mu) 7,268 L337 8.605 IL2281 Net 8alnsIlk>S￿l> on Investments 30,492 126,1301 N•t mo¥•mont In 37.760 4,883 41643 127,3581 R¢¢anclhotlon of fvnds: Total fund5 at l Aprll 2023 14 445.061 61302 507.363 534.721 Toi•lthndI4t￿ Marth 20 482,821 67.18S 550.006 507,363 The notes on pw 11 to 20form ofthese tlnanelal ststements. Page 9 YORKSIIRE PIATURAiWS' UNION BALANCE SHEEr 05 Ot 31 Morch2024 2023 R¥•d •wts Tanglble assets Investments io 475,935 4ML897 475.935 441897 Debtors Cash at bank and In hand li 522 73,597 67,177 80,1 71,513 CrndltoY%: •m0untshlll￿ du• wlthln on• y•Jr 12 16,0481 16,0461 N•t ¢urr•nt*M•ts 74,071 65A66 N•t •M•ts 550.0 507.363 Chlvltyfvndi Restrlcted funds Unrestrlcted funds 13 67,185 482A21 61302 445,061 Totsl ch•rftylund$ $50,006 507.363 The flnand81 statements on pa8es 9 to 20 were 4pproved by the Executlve COMMItt￿ tXI mber 2024 and s18ned on Its behalf bv: DrA. V. Mlllard Chalrman DrTWhitsker Trustee The notes on page5 11 to 20 form part ofthese flnancbal ststements. P4¥e 10 NOTES TO THE FINANCIALSTATEMENTS forthe yeorended31 Morch 2024 untln8 wlldes loj Oas15 olprwmdoftollhwndoljtrtements The financL41 statements have been prepared to 8fve a 'true ond fale vlew and have departed from the Charltles (Accounts and Reports) Re8ulatlons onty to the extent requlred to provlde a 'tfue and falv vlew. Thls departure ha5 Involved followlng the Charftles SORP IFRS 1021 publlshed on 16 July 2014 rather than the Accountln8 and Reportln8 by Chèritles: Statement of Recommended Prartlce effettfve from l Aprll 2005 whkh has slnce been wlthdrawn, The flnandal ststements have prepared under the hlstorlcal cost conventlon wth Items reco8nlsed at cost or transartlon value unles5 otherwlse stated In the relevant notes to these a¢￿unts. The ffin¥ndal Statements have been prepared In accordance wlth the Ststement of Recommended Practlce.. Accountln8 and Reportln8 by Charltles preparlvd thelr accounts In a¢¢ordan¢e ￿th the Flnanclal ReportSng Standard èppllcable In the UK and Republk of Ireland IFRS 1021 Issued on 16 Juty 2014 and Charftles Art 2011. The Yorkshlre Naturallsts, Unlon constltutes a publlc benefft entlty•s deftned ￿ FRS 102. All Incomels reco8nlsed once the Chadty has entltlement to the Income, It Is problble that the Income wlll be recelved gnd thi amount of lrtcome recefvable can be measured rellabty. Ic)Exp•ndttwere Expendllure Ls recoBnlsed once there Is 8 le8al or construcibve oblb8¥tlon to transfer economlc beneflt to a thlrd party, It Is probable that a transfer of economlc benefits ￿11 be requSred In settlement and the amount of the obll8atlon can be m•asur8d r•llably. Govemance costs are those Incurred lft connectlon wlth admlnlstrallon of the tharfty and Compllance wlth con5tltuttonal and ststutory requlrements. {d)Inwstments FL¥ed asset Investments are a forn) of tlnanclal Instrument and are Inltblly recognlsed at thelrtransacllon cost and subsequently measured at falrvalue at the 8aiance sheet date. unless falr value cannot be measured rellably In which case It Is measured at C05t le55 Impalm*nL Investment 8alns and losses, whether realised or unreallsed. are comblned and shown In the heithn8'GalMlllossesl on Investments, In the Statsment of hmndal actMtle5. Page 11 YORKSHIRE NAIURALMS. UNtON NOTES TO THE FINANCIAL STATEMENTS Icontlnued} for theyeorended31 Murch 2024 ACc￿￿tIng polldes Icohtlnued) lej thteft$tft￿lvgbk Interest on funds held on deposlt Is induded when recelvableand the amount can be measured rdlably by the charlty,. thls Is Nxmally upon notlfi¢atlon of the Interest paSd or payable by the Bank. Ta￿ble fixed assets are stated at cost less accumulated depredatlon. Costs Includes costs dlrectly attrfbutsble to making the asset capable of opernfjn8 as Intended. Assets costin8 less than £200 are not capitalised. Depredatlon Is provlded on all tsn8lble fixed assets. at rates cal￿13ted to wrfte off the cos( le5S thelr estlmated resldual valu¢ of each asset on a syStematlc basls over bts expe¢ted useful Ibves as follows: Offlce equlpment - 20% on a redudng balance basls (qj C•shotBankonrfln l￿d Cash * bankand In hand Indude5 cash and short tem hlthfy Ilquid investments wlth a short maturity of three months or less from the date of acqub51tlon oropenln8of the deposlt or 51mllar accounL Llabllttles are reco8n19ed when there Is an obll8atlon at the Oalafto sheèt date as a ￿SuIt of a past event it Is probable that a trarfjfer of economlc benefft will be required In settlemen( and the amount of the 5ettfementcan be estlmated relbably. UabllSiles are recognlsed atthe amount thatthe Chartty antlclpates It will pay to settle the debt or the amount it has recdved as a0￿anced payments fortheBoods or serylces It must provlde. The charltyonly has financlal assets and flnanctal Ilabllltles of a klnd that quallfy as baslc finarKlal I￿trUMents. Baskfinancial Instruments are Inlt5ally reco8nised at transartlon value and subsequently measured at thelr settlement value wlth the exception of bank lo3￿ whlch aresubsequeth measured at amryt15ed cost uslngthe effecuve Interest method. P4e 12 NOTES TO THE FINANCIALSTATEMEpifs lcontlnuedl fvrtheyearended31 Morch2024 Accourtln8 polld•s {￿nI￿￿ed) uj raxatkn As a thadty. The Yorkshlre Naturallsts, Unlon lsexempt from tsx on Income and gaSns fallingwlthln the avallabletsx exemptlonsto the extent that these are applled to Its charitsbie obj'ectives. No tax charges have arben In the tharfty. General funds are unrestricted fvnds wthkh are avallable for use atthe dlscretlon of the Trustees in furtherance of ttr￿ genernl objectlves ofthe charlty and whkh ha¥e not been deslgnated for other purposes. DesSBnated funds compr15e un￿trkted fvndsthat have been set aslde by theTrustees for partlcular purposes. The aim and use of each deslBnated fund Is set out In the notes to thefinancLIl statements. Re5trEcted fund5 are fund5 whkh are to be used In attOrdan￿ wlth specffic restrlctlons Imposed by donors or whlch have been ralsed by the charity for particular purposes. The costs of raisln8and adrrAnS5ter1￿ such fund5 are charged agaln5t the spedficfund. The alm and of each restrlcted fund Ls get out In the notes to the fir&7r￿1a1 ststements. lftc(xnefry>m donallons arrfl leRad Unrestrlrted ReArtrted funds Totsl 2023 2024 Donations GiftAid Legades 391 391 201 749 749 7.500 L140 7.701 Forthe yqar qnded JI 2023 7,701 7.701 Pa8e 13 NOTESTO THE FINANCIALSTATEMENTS Icontknued) fortheyeorended31 Marth 2024 Totsl Tt)tsl 2023 Income from UK Ilstsd Investments Bank Interest re￿rtd 11935 L227 14,162 14.162 1159 432 L337 15A31 14,594 31 ￿rth 2023 11327 L267 14,594 nds T•tsl Total 2023 Subscrfptlons: . Members ènd Asso¢lat -Afflllated - Ubrarle5 aNI Unl¥eYslUeJ Conference arKI meetl 8&)k and publkaWon sa￿5 Sale of Blfd Reptyts Ad¥ertlsln8 1￿C￿e Rwatty Income The Hawkweeds ofyorkshlre Lewdoptera book sales 9.110 L170 9.110 1.170 511 1075 266 2,075 207 1057 1057 1335 14.215 14.125 14.125 Page 14 NOTES TO THE FINANCIALSTATEMEpifs Icontlnuedl fvrthe yeafended31 March 2024 Analysls of expendltyre on ¢harltable *rtMlles Unrestrfttsd R•strlrted funds funds TOL91 Totsl 2023 Grants to In5tllutlon5 Publlcatlon costs: -The Naturallst -The 81rd Report -The Butterfles and Moths Report Conference and meetl L625 1.625 6,894 13,999 1734 1726 2.726 IL030 11,030 26,677 Share of5UPPOrt costs Share of 8overnance costs 16) 161 11.980 250 11,980 11 250 23,260 23,260 37,738 Forth yw ￿d•d 31 M¥r¢h 2023 Unrestrlrted funds Restrkted fund5 37,738 37.738 37.738 37,738 Alo¢atlon ot wpport corts Support T¢Jt•l Total 2023 Prlntln8 and ststlonery Independent Ex4mlnerf$ fees Admlnlstr4tlve Offlc•r Consultsncy fees Accountsncy fees Other admlnlstratbv• expenses Computer and webslte expen5e5 L341 1.315 250 250 250 SJ75 5,575 1670 ¥735 1670 L735 1002 1,707 659 282 11.980 250 12.230 IL061 Pa8e IS YORKSIIIIENATRIIAUSTS, UNION NOTES TO THE FINANCIALSTATEMENfs l¢ontIn￿￿) fvrtheyearended31 Murch 2024 Nei In¢om•l l•xpqndltur•}forthtryear Net Incomel lexpendlture} Is stated after charyin8ll¢redltlng): 2023 Profftlllossl on falr value moven*nt of Investments 126.ts01 NoTrustees lor any Pe￿On5 ¢onnerted wlth them) recelved any remuneratlon or benefits from the charity during the year12023: £nlll. Travel expen5e5 of £nll were pald toTrustees12023: £nlll. T•n8tble faed assets equlpment At l Aprll 2023 Addltlons DIsp05a15 At 31 frAaTch 2024 Dw¢datlon At l Aprll 2023 CharBe foryear EluTrlnated on dlsposal At31 March 2024 4.548 CarrylnB 8rnount At 31 March 2024 At 31 March 2023 Page 16 YOAKSIIIRE NATUK4LSTS' UNKIN NOTES TO THE FINANCIALSTATEMEpifs Icontlnued) forthe yearended31 March 2024 M•rkot¥alu• At l Aprll 2023 Addltlon5 Revaluatlons Dlsposals 441,897 At 31 Marth 2024 475.935 Hlstorlcal cost at 31 March 2024 275.240 There were no Inveslment wets ¢utslde the U The lalr value of115ted Investments Is determlned by reference to the quoted prlce for Identlcal assets kn an artlve market at the balance sheet date. Investments whlch exceed 5% of the Value of the portfolk* are as follows: 1024 General Funds: COIF Charltles Investhient Fund COIF CharStle5 Flxed Interest Fund COIF Charltles Global Equlty Fund 341,085 81% 312.391 33.425 8% 28,993 6% COIF Charltles Property Ftmd 48,442 11% 51.076 421952 392,4f Restrfcted Funds.. COIF Charftles Investment Fund COIF Charluw Flxed Interest Fund COIF Charftles Globil Equlty Fund 38,595 73% 35,348 72% 5,785 11% 5,018 COIF Charltles Property Fund 8,603 9.071 52.983 49.437 loo% 475,935 44L897 Page 17 YOnKSlllREIIATURAiSIS' UNION NOTES TOTHE FINANCIAL STATEMENTS I￿ntInued) for the yearended31 Morch 2024 li D•bt 2023 Accounts Recelvable Prepayments and accrued Income Other Debtors 3.528 L461 1.533 L373 1,430 1.533 6.522 •mountsf•llln8dwdwlthlnon•y•ar Accounts Payable Accruals ènd deferred Income S.798 250 5,796 250 13 F￿d r•￿￿11•fI0n lanc• It l Apr2023 In fundi JI M•r 1024 Unr•iirfthd fvnds Accumulated Fund General Revenue Account Desl8nated- Archlve Conseniatlon 346.523 98.538 30.492 132,7321 377.015 65,806 40,000 445,061 37,760 481821 Restrl¢t¢d Iwdi Omltholo8lcal Ac¢umulated Fund Omlthologlcal Fund Spe¢lal Publlcatlons and l1lustratlo￿ Fund Myeolo8lcal Publlcatlon Fund Restric￿d Grants recefved IBES & OPAL) 48,410 8,299 2N35 1,344 L814 $1,956 9,636 1435 1344 L814 61302 4.883 67.185 Totsl fimlls S07363 42,643 550,006 Pa8e 18 NOTESTO THE FIKANCIALSTATEMEP4TS Itt￿llr￿*d) fvr theyeorended31 Motrrh2024 Ilet mry4ement In frt li the abthe a￿ as follows.. G•lnsl Trnnslw Mo￿ent Accumulated Fund General Re¥enueAccount De5i8nated. Arthlve 30A92 30.492 14QOOOI 132.7321 4Q¢MI 40,0(k) 30.528 123. 30.528 {23.2fQl 30N92 37,760 Omltholo8kal Actymdated Fund Ornthoto*al Fund Special Publlcatk>ns arKI Illustrallons Fund Mytolowal PublKatkn FUKI 1337 lotherl T(+tslfuMts 31 {23.2601 41643 The 0rn5th0108kal Fland rewesents used ty the OMIt￿l08￿al seLkn and Indudes fvnds pre￿￿ty hekl by the Proteckn of Blnls Commlttee. The Spedal Pubhcations Ilktstrakn Fund Indude the Interest on a donatkm to enable the Cost of printi￿ phOt08ra￿ in the Naturalist on 3 re8ular bass. Grants or loang m4y also be Oven to authots. The MY¢0￿1 Fund rewestrts cash rdlsed fr<#n the sale oftt* Fuw FlcKa of YorksNre. Page 19 YORKSHIRE NAIURAUST5' UHKX4 NOTESTOTHE FINANOALSTATEMENTS Icontbnuedl fortheyeurended31 Morch 2024 atysls of ￿ a55ets befvfftn funds fund$ funds Totsl FLYed assets Cash and current imiestrnents Othercufrent assets Illa￿lItIeS 422,952 19,395 474 52,983 14,202 475.935 73.597 474 442.821 40.oc 67,185 550,(K16 Related pJrtytnn54¢Ut)fiS There were no dlsclosable related party transactlons durin8 the perbod12023'. £nlll. Anandal Instruments The ¢arryin8amount of the charwsflnanclal Instruments are as follows.. 2023 Flnondolossets Measured at falrvalue throu8h net Income l expendlture.. - Flxed asset Ilsted Investments (note 111 475.935 441.897 Page 20