CharAy regi5tratKm Nmber224227 YORK crry CHARITIES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2024 YORK CITY CHARITIES CONTENTS Trustses, rewt Indep¥KI￿1 t￿￿ninets rep(rt Staiemenl offirwrKaal admtss strt￿rt oifinarKaal p￿11￿)￿ Notes lo the finano81 stat*nen15 10-25 YORK CITY CHARITIES LEGAL AND ADMINISTRATIVE INFORMATION Trustees klEAHamQiffi. Ch Mr I C*staits OBE IR6*wed 12 De(xmber 20241 MrSHD8th Mr C N J¥4ue5 MrFAJthn CoUnal￿O Afyvs ICOYC rerrfesenwivel E Ramage Clvwk MkssBJP( Warden Charmy Nmber 224227 Prln¢lpal addr9$5 Thomas Fothergil H(ffj 41 Aveme RL￿d Y030 6AY Corrè$pondance address 19arffcqd Street York Y01W d8pend•nt oxarniner Frarths FCA Fort￿ Lw7wied Equirw)x H￿j5e cbrton Pat* Y030 SPA 8ankgrs 25 lfjros FSIA¥wue rvJs Hill Wesi ma￿￿9 ME19 4JJ PO Box 12757 Edin EH3 8YJ Sollcltors 19 sireei Y01 YORK CITY CHARITIES LEGAL AND ADMINISTrATIVE INFORMATION Invtsknerrt advlsort CCLA EC4V 4 YORK CITY CHARITIES TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Irus188s present annLk91 r8POrt aThJ fin*Lyal strten￿r1tsfOrthe ￿a￿er￿d 31 De￿MI¥ 2024. The financial 5tatemEnts have been wepared in acc(￿ar￿ wth th& 881 1 to the financlal statements and comply with the chariiy's 9)vemirs dctumeni. the Charmies Act 2011 arKI 'Aca)unthng and Rewrting by Charities.. SlaiÈme*i of Re¢xJmm&nded Prxti¢* applicaNe 10 L*arit￿s preparing their accordan￿ ¥*ith the FirL4roal Reporting Stan¢Jard applIts￿ in the UK and Repub5G oflreknd pubILl￿ ￿ Odcl)er201¥. Oblectfve5 and aclfvllies The original act 8mèkJ8maiwJ 46 ch*ilie$ and 8 further 6 Charlies *Yre aMa￿rnated w 19 J￿Y 1972 for the rKovi5ion of sheltered accomtrKKJat￿n en L7￿ inAvenuÈ R¢￿1. Ytrk. kno*n asTheTh(xnas Fdlvgil H￿$ andthe administration of inveslmenls. Out of tht incom8ofthe sctsme tswstsoftr* a(knilLttK￿ of the Ghaity Iwve to be FK)me ￿the 15 to be diW(￿:. £1XI lo ih8M¥anc8ment Iwtrlhird5 olthe re$klue lotheAfvthouses oThJ Pens(ffj aThJ on&lhSrd £rflhe reshYu& to P￿S b￿th. A charity as the Lady He￿e￿S Chwity St*th& came ¥j￿￿$1r8lth ol th2 buslEE5 by a dated 19 Jan￿ry 1976 txrt Ills has Io a 5ep3rdte charity. The IDJstses have p8rf1 thje regwd b) gL¥Jan￿ bytsCh*ity dec•thw 8C4iv*ts th? d*ritysl¥)uk1 U￿ertake. AGhlevements and performan The dLvninating issues Trustees addressed durawj thp year the ￿¥st-of.￿l￿ ri￿ and the quest for energy effirAency bul also Ihe on%oing rnantena￿ ofthe AJmslKXJ5es. A rolling prcgramme *$ Maints￿l upxlaie Ihe deL*Kal arwnd lh2 prcyerb25 W35 Carl￿d wrxe5sfv11y Tntsiees are aware of tt)e need 10 the ￿sIr¥j St￿ in and there is cfb9JW¥J re5ped of thi5 further on Ihegreen area5 8rouTrY Ihe sile. lo propertie5 bBsng r￿iCenSed muth rrwequKkty. There had been an IS￿ Y￿1h intrudets on the sib. The had L￿1 oled lo￿n9 a dHkwe has no4v be2n epened %*lh the area's PCSO, Ofjvermaskell has ayreed that he *ill c¢)me to F01h2￿ on 8 basis. Th8 Ch8ri1Ses paid granls in actgrfdarte with the* arwj aknexpk*ed other in they advatise that 9￿18 are avallaNe. Trustees partnered with Yorf¢ to admwmsler Ihe Wuesi fmm MaurK* Tur￿(￿ff in th* Ilw wtyjkl ￿¥￿ule gmts to students need wlhin the bwThYar￿S in YorfE City Chaiilies opw*es. Trustees said goodbye to Mr lan Car5tsYs. had tr￿n a Twstee. heve thw*ked him for to Charity. Flnanclal revlew Total incotne wa5 £311.08012023.. £3&3.2V21. iot4 expwKliturE £323.122 POfJ.. £278.7991 resutting in 8 der￿t of £12,04212023". £84,4&1 surFAus1. thr inve51menl gair6 d£38.218 IW23.. £89266 gal￿￿ fv nel was £26.17612023.. £173.729 net in(xxnel. Th? INslees have examined the requtÈn*nis for reser¥es in IVJM of the rnain ti5ks ￿ thÈ ￿nIsat￿)n. 11 has established a policy whereby Ihe un￿SInc1ed fu￿5, nol commitied or inve51ed in ftted assets. he￿ ty tre tharily sh)uld be approximate￿ 9 monlh5 expenditure Budgeted expendilure 2(Y25 is £270,405 and Ihvefrrfe the w9el is £202.804 in GeneBI funds. Tha reseryes are needed lo me&1 the Worki￿ requwetnents of the chatity. atwj Ihe tsustees ujtrfulenl that al this ￿Ve1 thpy WOU￿ be th to wntinue th8 current activthe5 ofthe charity a drop in akn*wses conlrllxJlKm. Trustee$ continue wth Ihwr mapr ￿rha￿l of tl* Akn8hcw88 t) ensfft Ihat prop*tss aré S￿8. 5etrJre nEet mcNJem stsndards. Trustees a￿ very grai&fLI to 9rani gvers h*e asststed thus far. are equalty aware of their (￿{19?110n lo endeavor to try and rneel part of the crtsl themsefves. Espeualty in WKffiic*ty ditfKull tirres. they ￿$lL￿r it prudenl lo retsin a reserve lo *1 as a ¢cffjtribJtion 10 the costs of major woieLa5. The trustees fgra wDgrdrTwne of repairs and rn3int8nance lo the prOp￿e$. This allows funds 10 bu1￿ up kn spe¢rfK wc¥k. like kitthen atvj bathnM>m Tepla(Ements, txxlers ar￿ rwf ￿paIrS. Each area has a sel budget so trustees fund5 avaiL3tle in a partKvkJrarea. YORK CITY CHARITIES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Flnan¢kl r*vlew lcontin￿dI Whilst unreslricted fuThJs Stsnd at £187.311. £837.585 ts de5vJnaled aside. INKJuthg fv4ed 8ssets of £343.5751 £54.939 reStr￿ted. This leaYe$ [￿e ￿seNe5 r1£187.31112023". £184.1151. Thi% i5 bek)w ts weL bAIwustees are t￿le￿ing the fvnds on 8 reguL8r ba￿$. Over a peth of 50 years. Ihe thaity is rwuired lo repay eThSJThi lurd5 of£19).(KK) whty* rt bc¢Th•J 10 fLw¥J tt* b￿r￿￿YS in 2005. £93,000 is outslan(*ro at Ihe year eTrJ12023." £96.(MXII- The trustees have ass8ss#J the r*s lo whkh ts (**ity is eX[X￿1. * are sa￿r￿￿ tw systems place to exrosure ￿the maitr risks. Strudurè. governan¢¢ m8nallement Govemlny document Yoth C6ty Charities set Fr8rK3s B*ker aKI Certa￿ rAlw Chw4*s Icty of Yorkl Stherne ConfirrnBtw *LI dated 5 Juty 1956. Tvustee5 appolnbneTht Trustses are aptxiinled and r&￿e(led in of OfP￿￿TrEn( Up lo fve 8re repr8sent8tNe tru￿￿e$ of thè Cty of York COU￿1. r8-8Fwnied every frXYye￿ wdeWI are ¢)>opt*¥e arKI to beTe*￿￿ed weryfv8 years. Organlsatlonal struciu The managerrenl of Ih8 clthity is conduc*d at 8 nL4nber Ll leve&. Tw5*es meet on a quwterfy basis to £￿￿51der rnaior policy derisK)n5. review finartes. approve g￿1 *i¢atsois •)d thal with Slat￿ requwents. These Me￿￿798 aw a￿ts attended by Ihe derk. acts)untsni. warden and (￿p￿Y warden. The day lo day running ofthe lJust 15 deah by ihe w8rden thputy warden. so tsr85 th8 Fothwgil Homes are u)rK2med, and the cletk with regard to ad￿￿nIstra￿on matters Thwe is, th addilion. frequenl bewn the derk. chair ol ITvsl￿s. warden and certain INstees svho play a very actNe part ITr ltre mnrMrwJ wellbeirg in the thari￿8 and hottE5. Furthernx)re. Iruslees are apwnied lo nhmittee¥ b) considersp¥ific issues and iepm ba¢klO Ih2 filltrnslees rwtthvj. The trustees. rewiwas approved bylhe Bténl olTnthe* MBAHamilton- Chair Trusteg Mr AJcthr*th) 6 Marth 2025 YORK CITY CHARITIES STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees are respwksible forpreparin9 the TnJste25' Reyjrtand the siaiemèrts ￿ auxxdaKe with appkaNe law ar￿ Unib8 Kingthtn AcctyJnting standa￿15 (United ￿ryd0M G￿r*￿At￿PIe] A0X)L￿tir￿J Practi￿1. The law appficable to chantses in Eny*)d and Waks reqwes the k¥epare f*)ancial 51alem2nts for eath financHI year whyh give a true and fair wew of Ihe slate of aff¥s of Ihe tharity and rf the MKomry reS0w￿ arolKat•)n of res(w￿5 of the t*artty fr)r thai year. In preparing these fmarKi* ststsments. the I￿￿te￿$ rery¥•J lo.. - select suitable 8rmJntlrg tKAKies arvj then *y them 0￿$i$l￿11y'. .ob5erve the rnetlK)ds and rrfinupl8s in Lh8 Chaiibes SORP." . makeludgements eslwmates that *e reasonatrje aTrY pn*￿L . 51ale whether ¥plKatrAe rniunting $18TrJ*ds have beEn loknA*Y. *kniecl Io any material dep8Aur8s di5dosed and e>plainÈd in Ihe nanckql ststements", and . prepare the finawal stslemerts C￿ the gcirKJ CL￿*￿ bBSts ur*5s it is lo presun* thai the charity ￿711 in operalron. The tnJslee5 are rewsibte kee￿r￿ suffwietrt aCc(K￿l￿ ￿ that d￿ck)Se with ￿a￿￿¥t￿9 acwrw ai *y timè the financk81 positr￿ of lh8 L*arfty and eTrab￿ Ihern to ensure that Ihe finar091 c¥)mkty the Charibes Act 8)11. Ihe Charity (Acwunts and Reports) Regula1￿)nS 2C4)8 and the I￿o¥1S￿n5 01 Iwst ¢Jeed. They aTe res￿nsib￿ forsafeguarding the assets of the charity and hen￿ for la￿ng reasonable steps wevenip)n atMI detedK)n ol fra￿ aTrY Otherirregu￿fr$. YORK CITY CHARITIES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YORK CITY CHARITIES I rewt to the trustees cffj my e¥arw8tty￿ ol ** fir0r￿1 Stat￿￿ts elyth City ltha thartyl fty the year 8￿8￿ 31 0ec8mber 2￿24. Responslbllltle5 and basls of r•p)rt tha trustses of the ¢haiity ythj are re¥xknl)le the FxepaRIM)n of the statements wAh Ihe req￿rtments of the charit￿SA￿ 2011 (the 2011 kti. I rep￿ in res￿￿ of my exa[[ina￿ ofthe Ltha￿S St￿rr￿nts ￿rIed ￿li￿rthr 14501lh2 2011 Ad. In rarryTvJ oul my examinaban I have folki%*d all the appkat4e (h"redYx6 by the Charity CoTr￿￿n undw Sect￿ 1445llbl oflhe 2011 Act. Ind8yndet)t axamlthÈrf8 siatement sin￿ the tharW5 gross ir￿e exceeded £250.(IJO YOL¥ exarriw n￿¥t be a ft￿ber of a Isled ￿ $￿t￿)n 145 of the 2011 Act. I eonfmi that l *n Qualified to undertake the exarrunakn bpcause l am a rTr￿nber of In*iiute of Charte￿d Ac(x)ufilants in EnglarKJ and Wale5. wh￿h ofthe I have comrAeted rny ex8nlna1k￿. l o)nfjm thal ￿ mattws to my allentscm (Imn￿lI)n ￿1h Ihe ex*n5n8¢￿ glving me C4Lise to believe that in *ry material respect." a¢￿￿n￿'r& re¢¢rds wert mi kept ui teswaofthe as re(W￿ bysedTh 1XJ oflhe 2011 Ad." the finaDCi81 staierf*nts do rw)i accord *ilh reL*rds". or the finanual stslempn15 do not (Airn￿ wilh Ihe rewireff*nts frym conÈnl of a££ounts sel oul in Ihe Chwit*s IAccounls and Reports) Regulatw)n$ 2008 OlF*r than any wuir¥n*)t give 8 true and faSr viw wN¢h is ncrt a consKJ&Èd a$ part of aTh indeper￿nIeXarr4natir￿. I h8ve no c￿ceM$ and have rx)me across no ¢)Ihpr matters in I￿ne(￿on *ith the examinalK)n to sMukl be thawn in report ￿ order lo ena>￿ a prcpeTuThlerslanthng fmaryi81 statements be rethd. Fr8n¢os H¢)ward FCA Fortu5 LirTiled BusSness Ad¥￿ts andActsuntsnrs EqU￿X HoLL8e Clifton Park Shiplon Ro*1 Y030 SPA Y￿k Dated." 10 Marth 2025 YORK CITY CHARITIES STATEMENT OF FINANCIALAcTIV￿IEs FOR THE YEAR ENDED 31 DECEMBER 2024 ¢LIRRETr4T FINANCIAL YEAR IhwestriciÈd Unrestrfcted R•strlcted Endowment lunds funds fut)d8 ngral d•s1gnated 2024 2024 Tolal Totsl 2024 2024 2023 Nt*es lTh¢omo and endowments Donations and legacies charitab￿ acbvilies 64,893 271,588 17,820 8.830 131 279.622 21.020 s.￿7 279.622 21.020 10.406 OlhertraolNJ adivibes Inyestrnents Other incorr 356 Total InGome X6.671 311.CQO 363.2 Expendlture CharIta￿e acti 245.483 74.450 3.189 323.122 278.799 Nel gain￿(lo$s88) 12 12.633 6.816 231 18.53B 38.218 89.266 Net In¢omel¢expeThJMwal ￿101* transfers 73.821 163.5811 12.6021 18.538 26.176 173.729 Gross transfers bets¥e8n fuThYs 14 170.6251 60.955 3.102 14el movemgnt In fynd$ 3.196 12.6261 21.640 26.176 173.729 Fund b81arKes at 1 J*)uary 2024 184.115 8dO.211 50.973 gYpS,249 1.980.548 1,806.819 Fund balance5 3¢ 31 0¢¢￿￿r 2024 187.311 54.939 926.889 2,OJ6.724 1,980.548 The strknnl of finènci81 a¢li￿1￿L*￿5 all gains ￿ k>ws recr¥JwLI ntheyear. AJI income and expernlilure derives o)rthuiTrJ acivths. YORK CITY CHARITIES STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 PF￿OR FINANCLAL YEAR UM•8triciod UNestrfctsd Avslrl¢ted Endo¥Kn¢nt fvnds funds Total dBslgnJted 2￿3 2W23 2023 2023 2023 Notps Incom• aNI •hdowmarts Donat￿5 and lega•es Charilable activit￿S 64.893 64.893 271.588 17.820 8,830 131 271.588 17.820 4,702 131 Other trading aCtivit￿S Inve$imÈnts Other incorne 3.848 Total kn¢om8 291.241 68.741 280 363.262 Expendilure Charitable athl￿8 22T.4 43.732 7.611 278,799 Netgainsllh)sseslen Invesbn￿ 12 27.650 14.811 872 45.933 89,266 N•t Intomo fortheyear 94.435 39￿20 16.4591 45.933 173,729 Grass transfers bewn 14 (15.3941 64544 7.748 3.102 N•t movement In funds 19.041 104.364 1.289 49.035 173.729 Fund balances al 1 Jarwary 165.074 735N7 49.684 856.214 1,806.819 Fund balances at 31 08¢ember2Wd3 184.115 840211 50.973 9C6.249 1,980.548 YORK crry CHARITIES STATEMENT OF FINANCIAL posmoN ASAT 31 DECEMBER 2024 2023 Notes Flxed assets TarKJible assets Investments 15 889.713 8&2.452 844.660 16 1.772.693 1,707.112 Cuvrenl a$sÈts Debtors Cash al bank and in hand 17 18.170 256.471 40.881 268.908 274.641 140.6101 309.789 136.3531 Cl￿(tOrS. amtyjnts 1811ing wllhln year 18 Net wrrentassets 234.031 273.436 Tolal 8838ts188S ¢Umrf Ilablliti•s 2.1￿.T24 1.980.548 Capltal I￿ndS Endowtnenl fur￿5 20 9￿.249 IncoTnè furhds Restricted fuThls UnrestriGled lun(ts- desiynated Unreslricted fund5- gpneral 21 54.939 837.5& 187.311 50.973 840,211 184.115 2.[￿.724 1,980.548 The fironu* stslements were appr¢Md byth8 Tru*e8s on 6 r5AHamihon- Cha r FA Jthnsc*i TnJsts• Tvustee YORK CITY CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ounUno poll¢l*s Ch•rty Inlowmatlon York City ChaTrl*s s8 tharfty *ilh ts Charity *¥J w￿e$. 1.1 Accountiny canventlon The financial slatetnents have been pr4)arpd the charitys thrAJment. the Charities Acl 2011, FRS 102 "The FinarKial RewUTKJ Stanthrd ￿K3b￿ in the UK and ftepUtrA￿ of Irell4n￿ I"FRS 102.1 and the Charities SORP 'Accounting and Rewbn9 by Charii*s". swement of Rets)rfthended Prydcbce ap￿IL*b￿ to thariii8s their acco￿18 Sn accudance the Fin￿ClaI RewbrvJ Standard aprthcatrAe in UK and RewA)k o( Ireland (FR$ 102r leffedve 1 January 20191. The tharily ￿ a Pubk Benefit Entily as defin￿ by FRS 1tr2. The charity hastsken advart￿ of the iThthe SORPforch*5 not kn we￿e a Statemenl of Cash Rows. The fi￿ar￿131 5t*Thents ￿e departed frryn Ihe ChwqEs IAccoLYAs Rerthsl Reg￿*kn$ 2008 CAY to the extent required lo provwJe ¥ Iwe and fair This departure has invow fdlowrg IhÈ Slaternenl of ReDJnrnended Prdctice fc* charil*S applying FRS 102 ratherlhan fv ￿r$K)n oflhe Stslerrent of Rec(4Tffiwded Prathce which is referred lo in fv Regu￿ti￿5 bul whith ha5 n￿ been wrfhdrwi. The financi* siatemerts are wepared in sterlirwJ. IhÈ (UndKx￿ dbaity. The financpal slalemenL£ are prepared on a going Cf*Kem bax4 cosl ¢￿Ver￿on. ￿dif*d lo indude certgin item5 attsirvahJ8. Th8prlKiP81 actsyjrthng *e bebJw. 1.2 Golng tonGem Al the lime of approvng the finaroal ststemerts. the bu￿8e$ have a ￿sonab￿ ext*daiion that the chanty has adequate resources ￿ ￿￿tInUE in opetalional eXi%ter￿ thp fixe￿able lulure. Thus Ihe truslee5 (x￿￿rKI￿ to athpl Ihe going wncern basi% of a￿￿￿l￿ng in preparry Ihe fm3nri7J #*Me￿$. 1.3 Charltabl8 lunds Unreslnded genw81 fL￿d$- Ih888 818 fuThJ¥ u*d in *(tYdarte wilh Ihe obpcts al th8 discretion of th8 tnJstee5. DeS￿nated f￿￿.these are 86t asth tythe I1￿let$￿JE d ￿est[￿￿ ger*ra funLts forsp*k purposes or p￿￿¢ts. Restricled furx15 - these we fU￿S Ih31 can ￿ be used parbwigr reththj purpr6es thin the objects of the charity. ReStr￿t￿rts arise wthen sFetsfYdd by lurKls are rdised f￿partm>j￿l[ rethted pwFx)ses. Endo*meni fthds. these are funds *tich must hehl ￿rr￿al• bylhecharity. Irxx)me ai5ffig on the *d(hYment fund (*n be used In acwrdan(* wlh the object5 of the charity and 15 induded a5 ￿reStrthd irNx)me. Any caFxtsl gains or losses arising on investrnents form part ofthe fund. 1.4 Incorne JI incDme is in the ststerrbpnt (rf acti¥it*s vknen ts charity is I￿lY entitled to tl* irKoTe aryl the Jnounl Izn bequanllr￿ with ￿8s￿tIe awary. 1.5 ExpBndthJre All experxjiture is xc(xmled an aCc￿LS basi5 and has t*en cL9ssW undw he•Jings Ihal 8ggreg8te 811 costs to th81 category. Where costs <*nnoi be dirn¢ty to path(yJL4r he*JiryJs Ilw have been althai*l based on Ir* eslimaied arWuntaltribu￿I8to that *ivity in th8 >wr. Grants Payab￿ are charged in the year %theTh lh2 offer ￿ corpleyed to ￿ reopent except in case5 %Yhere Ihe offer is Con(ritir￿0l. suth graryts bery re￿9￿5ed a$8Xt*ndthr8 when the wrwjrfions attathed are fu￿￿18d. Gov8man¢e ctssis are L¥)5tsfL¥lhe weral nmrmng thrAy iselfa5 ￿ (X9arUsai￿. 10- YORK CITY CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 AcGOUllting pollGIps Icontlnuodl 1.6 Tanglble fixed assets Tangible fixed assets costir¥J rnLYe Ihan £5￿ are (4Xa￿ed arxl at U)51 inckndir¥J any kici(*nW expensesof a￿ul5th"on. Fieehold land and ￿Ms1v)uSes a￿ Mt deryeualed. of otheT assets ￿ (acu￿￿1 off the excess of wst over e5tirnaled resKlua arrounl eVe￿Y o¥w IhwexpeL*ed useful INe53s frAkThYs anThu￿ review." Freth￿ Fropprty Budding imwovements Fixtures, rrttirwJs. ar¥J equiFxnert Computers YA Slvaght lir SlrdvJM FA)e 25% StrdvJM Ine 25% Sbawaht The gain or k68 ar￿n9 C￿ the dw)sal of arb asset is ¢Jelem)in￿ as the ￿￿1*e￿* the sak proce&ls and ts ￿rryIng value ofthe as5el. and is recogrised Stsiwnent offin￿CIal acliwbes. 1.7 F￿tr￿ as8*1 Investrnents In¥eslmenls are indLvJed in the acrnunts at rr¢rkeltRk* at the b*nL* 5heel date. Any gain ork)5s th7 revaluatKffj is laken lo the Siaternent d fin￿￿al xlnrit*s. Imp8lrnièrtDf fixed as5et5 Al exh r&wJrting end date. the charity rv1￿ fv c8rfy•w arrthnts ￿ ts kngiblE assets to dtsM1￿ wheiher Ihere 15 any ndi¢¥iion thai trK)5e assets have Suffered an ￿palMIent k)ss. Ifany 5LK* i¥thcatiDn exists. the recoveraNe amwni of the asset is e5tifflaled in order lo delermine the exte￿ of the irryaumenl k)ss Irf aryl. 1.9 Cash and cash equlvalents Cash and cash equwalents c>h in h8TrJ8ThJ ¢jeF0￿￿ hekj at l)a*s. The th￿tY has elected lo appty the pro¥1$￿S of Sectiw 11 '8M Finanoal knstsun)ents' arwj Sedion 12 Finantaal Inslruments Issues, ofFRS 102 to all ofits fm•i(i81 iWun*nts. Financk￿ instrwrerts are reccwtsed in the chativs sheet kn the tharity t*cc¥)ws ￿rtY ￿ the C￿tr￿￿al pro¥iFAons of the Snstrumèni. aslc finan¢lal assets Ba￿¢ firAno81 assets measured a1tr3rwlb?n Iraisadxjn Fwjarvdl assets as re￿1¥a￿e wthin one year are rol amortised. Baslc IlnwKl81118bllllles Basic financial I&4￿18$ a￿ r*xyJr¥5ed at trawciKffl Finantlal liai4lths da55iW a5 pay*Ae year are not arnrlised. De￿cognI11on olflnan¢lalllablWtles Financial liabilitse5 are derecognBed when the t￿tr3E￿I 0￿*3¥*Y￿e￿re w are I￿￿ar9ed c¢c*)celled. 1.10 Pfrn810Th costs Following SU￿ enrdTtEtrt from Noverrthr 2015. r• and exisbng emF+)>w are aUlL￿￿ty enrol￿d into an Awva PensK Scherf*. Cenlribul￿5 payablE are chty lov* *alen*nl of fm*K¥al as IrKyJrr&l. 11 YORK CITY CHARITIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Donau0￿ and legades Total Unrestrf¢ted fund5 dpslgnated 2023 2024 Legaries reCeiwd￿e 64,893 Charttabl& xtlvltles Charwable Income harhable Incom8 2024 2023 c￿tribu￿On5 from residerts 279.622 271.588 Other tradlng aGt￿lt1pS Uryestrlthd Unrestricted funds funds neral 98neral 2023 2024 Rent 21.020 17.820 12- YORK cir( CHARITIES NOTES TO THE FINANCIAL STATEmE1￿s (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Investmènts Urwestri¢ted Vnre8thCknI Re*ricted Totsl fvt)ds funds d*slgn*ed 2024 2024 2024 DivKleThls fmm Urxi Hdthng VK Interest on rash deposits in ts UK 5.511 5.867 4.539 5.997 10.406 Totsl nds fuThJs g￿er?1 de5KJnated 2￿23 2023 2023 2023 Dthjends recelved ffrc￿ Vnil Fk4dui9 in thè UK Interest on c8sh depwts held in the UK 4J31 371 4.611 4.219 4.702 8.830 Other Incomo UN8Strlcted Unr8$trfcted tund$ tund5 general 2024 98n8ral 2023 OlhÈr ir*orr* 131 13- YORK CITY CHARITIES NOTES TO THE FINANCIAL STATEMENTS ICONMNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Charwable act￿￿￿5 Charttable EX￿NdItuTe Charllable Expendilure 2023 Warfens arKI assi51anlssaLgry and expenses Pension uis 31.372 2.974 11.771 39.171 59.234 1.832 81.162 1.038 28.880 2.567 12.032 33.960 56.883 2.392 57.635 Ryetsre- Warden (zll Cleanerand ganJe￿￿5 saLiryand expw Heating. IwJhling and waier Resithnls amenitEs Repairs arKI w￿inte￿¢8 Cle*ing 228.554 194,329 GRnt ￿nth￿9 olath1￿ (see nrle 8) 13.189 7.611 Share of 5UPP)rt ¢￿t$ (see 91 Share ofgovwnwce costs (see 78.259 3.120 72,679 4.180 323.122 278.793 Analysis by fund Un￿¥triC1ed funds- general Unrestricted funds- deS￿n¥ted Restricfed fUr￿S 245.483 74.450 3.189 227.456 43.732 7,611 323,122 278.799 14- YORK cir( CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grarts payable Charitable Èxpendllure 2024 Ch8ritaNÈ Expenditure 2023 Gran15 10 institulb)Th8'. YcKk Comege S31vationkny pop￿eton Roa Primary SK Pathfinder M￿11-A¢a￿￿￿yTrUSI Hal Wesifi?kJ Prim¥y St* 10.(KIO 2.LX)O 2.000 2.￿0 2.￿]0 611 12.0 6.611 Grnnts lo in(fvkyu￿sl3 gRnts12023". 2 u¥artsl 1.189 1.(K)O 13.189 7.611 The grant to the Safvai￿￿tyY￿dsto rwty in the Crtyrfyork. The Y¢)rk Cdlege ￿ was awartsd cwt of Ihe Maw1￿ TurnedThl Legxy rtmd b) fmantsal hardshps of students, in th the wshes of Ihe drwr. Th￿ grant * resirK*d io be•vJ ￿ed to Sw)￿¢ ts1￿ts who ITh* ￿1th￿l the City uf York. in line with Ihe objects of the Charity. 15- YORK CITY CHARITIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 support costs 2024 SuFyt*t costs Gov8m8n¢o Costs 2023 De￿8¢￿811)n subscripti￿ Telephone Insurances 24.841 24.841 20.552 351 20,552 824 553 4.141 4.141 3.913 420 31.020 3.913 420 Profes$KY￿1 fees Salary of d8rk PrintirvJ, postage 8rkY sl*ionery General surhjries Accoun13r 20.959 31.020 770 3.472 22202 770 3.472 21202 524 2.087 13.146 524 2.087 13.146 113 Tra￿￿9 Ci Indepwd8nl Ex8rrinai 3.120 3.120 4.180 4,180 78259 3.120 81.379 72.679 4.180 76.859 Anatysed betwe Ch¥itsNe actKvil￿s 78259 3.120 81.379 72.679 4.180 76.859 SupFX>rt wsts Ac(x)unlancy payrd fee5 01 £704 120Y8.. £7211 aNI manwJen*nl acc￿￿￿ts. tr*rriNJ. fmano81 suprort fees of £20.988 12023.. £11.W2511kn8marts ITrJepe￿?nt EN￿*181￿ tiic*MJes Indwerylent Examine¢5 fees of £3.120 12023.. £3.4801. 10 Trustees No remun8f*p)n direct￿ or of the l￿d$ otthe th*ity paH1. LY B ￿Y&t￿e. tc* Ihe year or in the prky year kn any ttU5tee orlo any person or persons to be any offvm. No trUs￿e$l2023.' ￿r￿)were r¥mbJts•J I￿21. £nllfc¢eNrenses ￿ the year. 11 Employees The aver•)8 mnthly nLmber dL¥WVJ lh8 ye8rww". 2024 2023 IILmbfrr Number Tolal Wa￿5 sa191i88 pens1r￿ costs Pension admir1th*￿ co*5 67,398 2,618 60.668 2.341 360 70.376 63.369 There were noempkjyees annual rern￿￿Fat￿ wa5 £60.0￿) LY mue year. 16- YORK CITY CHARITIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 N*t galn¥llg$59s1 on Inv•slmonts Total fvnd5 funds general de$lwted 2024 2024 funds fund5 2W 2024 Unrealised Ilcésesl Igwr* on 12.633 6.816 231 18,538 38.218 Totsl fuTh runds senerdl d￿nate 2023 2023 2023 Vnrealised I￿￿$11 galli$ on investrrbpnb 27.6Sk 14.811 872 45,933 89,266 Taxatlon The charbty is exernpl from tax M ￿cOMe 98￿ falling 505 of the TaxesAct 1988 or sxtson 252 01 ibe Tax81 o1cha￿eab￿ GainsAcl 1992 10 Ihe extwl tst tlEse are lo ds t*ariiabJe obp&s. 17_ YORK CITY CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Transfers 2024 To Capita re￿a1￿m￿ntfuTh1 To poots braThth fur To advancement btsnth fthj To extra)rdwiary repayfund To modefflisalK)n and mainlenancehJTrJ To r￿ed asset fund 11021 16,4181 11501 13.0551 151.90DI 13.0001 Nottra￿fVS (from) gener81 fvt) 170.6251 From bunga￿￿ fund to l(*n rep*eTrEnl f￿d From general funds to exbaordinary f￿￿ Frem oeneRI funds to W￿Dd￿￿SaIK)n rr￿ni￿a￿ lurKI Frijm general funds to fixed asset fU￿j Frorn m￿lemISa￿n rrOin1enan￿ fvThY lofixed 8ssetfmJ To fixed asset fijnd frTrn nxNlerntsatiDn ￿ manknarKe 13.0001 3.055 57.900 3.000 152.1031 52.103 Nettransfer5 to desKJf>ed fuTh 60.955 Net transf*rs Ilroml unrestrkted ful￿$ 19.6701 To caplal fund frcth capftal YeF4xeff*ni fimd From general fund to Capit￿ repb¢6m8nl From L3wtal lepL4c￿nent furhy to caplal luThJ From loan replatsmenlfund t0se furd5 to be re¥4aced by an (*nbilMJtscfi of r102 fty a perir¥J of 8￿ty year& ThSs ¢5 fuffilled so Ihe ha5 been tran5ferrwJ to lh8 [apit￿ fuThJ. Thp second agreerrenl was ILY 2 bJr¥JabM b￿t ￿ 2005. Slarkng ki 21￿. th8 thality Lx¥nmissK)n req￿e$ fJ.OQ) tr> be paKI badl for a 50 yeats. Loan Replacement Fund The fijnd was set up two bw¥J￿(l¥s were bunt ￿ 2(X)S. Invethnts ￿re re*tsed of the (zpital funds. The Charity commissione￿ r&]uire funds of £150.((M) In be rep￿￿ ty an 8mual tonknbukn of £3.0(A) f(x a perk?d of f￿Y years slar1￿ in 2006. 21 YORK CITY CHARITIES NOTES TO THE FINANCIAL STATEMEprrs {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 21 Rostrfcted funds The nicome furvjs ef Ihe chatity IrKI￿ restiKXed futvJ5 (¥XTwrvJ L•)8xFended balarK8s r4 drTrtKins and grants hekj on tn￿1 for 5peufic sNKwse5.' IloY¢ment ln fvnds Balan¢e at 1 JaNary 2024 In¢omv Exp8ndllvr• Trar*lofS Galns and Balance at Ihi5se51 on 31 Decembpr Imiestmenls 2024 L￿Y Hews Charty Poors branth 10.660 37.446 2.￿7 231 11.247 40.675 3.017 13.1891 6.418 Advancement tY8rKh 50.973 13.1891 231 54.939 Mov8ment In fvnds 8 Exp8nd6ture Transfgrs Balance at l January 2023 Galns and Ba￿Trce at Ilossesl on 31 December Inv6stmfrThts 2023 Lwjy HevAels Charity Poor5 branch Ad¥a￿rnent brarKh 9.$08 37.459 2.717 8T2 10.660 37.446 2.867 150 49.684 7.748 872 50.973 Lady Hewley¥ Char Lady Chatity lor Sch(xAs (zme urthr the athIn￿traI￿￿ of Ihe InJ51ees ty a S￿￿[ne d*ed 19 January 1976 but this has lo remain a sep3rale charity. Poors Branth This is US￿ to help peoF48 are in ne8d of awj. (kne ol wwesbmert inc£The fe55 m?n¥ffenl and a(knini5trabLYI expenses goes inlothis branch. Advancement Bre￿h This is used to gwe p2* sve*r OPFX)r￿rts5 Ihan ¥j￿ orntly have. £150 per 8Mum goes nlo the ad¥arK*nent branch. YORK CITY CHARITIES NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted furbds.de4gn*d These are unreS￿ed Fur￿ whKh aredesw¥rd￿ bylwu5tees fr)r the ch￿$ ¥tiffts m•J8 upas f(1￿.. m0vern￿l In fund5 Baknc• al 1 Jamary 2024 lrt•me Expnditurt Transfers Galns and Balance at IIoss8s1 on 31 Dewnb•r Investments 2024 Exlra)rdinary repairf￿d ￿￿emYS8￿c* atms rnaintenar fund 133. 3.055 6.816 143.8 120.985 51.274 2.7T8 1.275 I39.￿) 5.797 89.951 52.549 93.0 343.575 49.748 10.orKJ 54.893 MaiOrTrh￿[ksfu￿d Bung8bw lund F￿ed a5sel fund Climate Change re5sKnse lund Future suilabilty fea5bl.ty lund MaUitèTLTneC￿ff Legacy futKI I3.￿0) 55.103 313.313 49.748 10.(KXI 64￿93 124.8411 110.CWI 840.211 {74.4￿) 60.955 6.816 837.585 ov¢meTht In fvt)ds Incrffie Exppndltsjre Tra￿fer$ Bal*te at 1 January 2023 G•lns and Balance at Ilossesl on 31 De¢emb8r inv¢stm¢nts 2023 Extraorthnary rEparfund Modemisatrts) aThJ rnaiftt*arK fijnd 116.132 3.055 14.811 133,998 201.492 9).223 2.797 1.051 ITJ.1791 IfA).1251 120,985 51.274 96.000 313.313 49.748 10.000 64.893 Majorwowk5fund 8ung81ow fLnd Fixed 85sel fund Climate Change resp)￿ fwd Future suitability feasitslity lun¢J Maufic8Tum8c4ff Lagacy furKI I3.0￿) 124.614 209.252 49.748 10.CO) 120.5531 64.893 735.847 6&741 143.7321 14.811 840.211 23- YORK CITY CHARITIES NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Unre8trt¢ted lunds- dtslgnated Iconvnuedl EXtra￿dIn￿ry ropalrfund The Charity Comtlli55K)ners requi￿ an anrntal of £3.055 in¥esled in Charilies 0￿1¢181 Inwesbment FLnd AcwnwlalFon Shares The fLmd ran onty be ¥￿ed f<* c4)ital woieas. as rebjlkjw￿ or extensiL￿st0 the aknslK)uses. m0dernlsat1￿ and rnalntenanGefLmd The fuTr8 is ¢JesvJned to manage the upk*p of pr9)e[￿ SI￿ buiklir¥J funds for fryular rep￿￿ments and knger lerm worf¢ needed. The Charity corTWlliSS￿ r￿rn1nendth3l an anrwl an￿￿rt of£4.9a) awee lo rnver periodic rfkqinlenance. In a(kIll￿n the wlicy of the Iruslees is 1¢ transter furihtrr fyjnds b sukwt the rr￿de[r￿S￿on and Tnainlenantx programrnp. During the year. Ihe sum 01£57.9W was uansf8rrnd. Major works furvj The fLnd is desYJntd to sipw)rt ary nv•)rY*tslhalneel c9rry1￿ Bungal¢)w fund This is kn represent the lurxls b) the bjTrJ8I￿ in 2005. is to be repah1 to the endwnent over SO years. FIx8d 8s8trt lund Thi5 fitnd represents the rel valwof ￿reSI￿*d fix¥J assets hthl byth2 dHtty. Ilmats change responsE furKI The Clirnale Chang8 Reswn* Fund A pr4￿r￿j lur the I￿￿re rKAts in re5prme to dArAte change requirements to become r4rbon neutral. Futuyo suttabllityf•asibilityfund The FLrture Suitability Fea*blty Furxl is a ptDViSK)n to ￿Ver wy rese￿th a￿1 wlvKe with regard to wsvriry Ihe resKlences continue lo meet the charKJing stsfjdawds ￿ SLKyety. Maurf¢eTurnecllll legacy Fund This fuTrl represents mon￿$ lo the dwrity. tD resped hrpfyj to be for the purpr6e of 8ssistsr college. Lmiver¥rty. 8ThJ ÈenK* sch￿￿ theyork area ￿ Ixjrwies and exrenses. -24- YORK CITY CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Analy81s of nei assèts between Total funds tund5 2024 lunds fund5 2tr 2024 Fund balarxz5 al 31 Deceth2024 *e represented by.. Tangible assets Inveslfftent5 436.574 140.816 2W.195 453,139 470,7S) 889.713 882.980 234,031 J.9n 173.6621 10.441 44.498 Currem asset￿(1￿￿1rt￿S1 187.311 837.585 54.939 926.889 2.LN)6,724 Total fund5 funds 2023 l￿d$ 2023 2023 2023 2023 Fund balan￿5 * 31 Dec8fflM2ry23 represented ty.. Tangible assets In¥eslrf*nts urrent aS5etslOk*iI￿e$1 4(Tr3.313 133. 453.139 452.110 862.452 844.660 273.436 248.342 I￿.227) 10210 40.763 184.115 840211 50.973 90S.249 1.980.548 24 Related party tranuGtIo Thwe were no d￿Ck)sab* rela￿ pa￿ tr*s8&￿5 ¢kning the yea (W23. r¢n81.