REGISTERED CHARITY NUMBER: 511025
Trustees' Report and
Unaudited Financial Statements
for the Year Ended 31 March 2026
for
The Society of Yorkshire Brethren
Simon Hart FCCA Hart Wright Accounting Chartered Certified Accountants 24 Hall Drive Sutton In Craven North Yorkshire BD20 7NH
The Society of Yorkshire Brethren
Contents of the Financial Statements for the year ended 31 March 2026
| Page | |
|---|---|
| Trustees' Report | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 10 |
| Detailed Statement of Financial Activities | 11 |
The Society of Yorkshire Brethren
Trustees' Report
for the year ended 31 March 2026
The trustees present their report with the financial statements of the charity for the year ended 31 March 2026. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
When planning our activities for the year, the trustees have considered the Charity Commissioner's guidance on public benefit. The object of the society is the assistance of such of its members who through sickness, infirmity or old age are unable to support themselves and who are in serious necessitous circumstances. In particular, but without in any way limiting the generality of the foregoing, the society may assist such persons in any of the following ways: (i) by making specific lump sum payment;
(ii) by making monthly or other periodical allowances;
(iii) by making grants or loans (with or without interest) of such amounts and subject to such conditions as the trustees shall from time to time determine;
(iv) by making grants or allowances for the purpose of medical or dental treatment and care;
(v) by paying subscriptions or making donations to hospitals, homes or institutions having amongst their objects the care and treatment of such persons.
Grantmaking
Grants payable are accounted for when the trustees have accepted an obligation to make a grant, in accordance with the objects of the society. This is usually when they are approved by trustees and communicated to recipient.
ACHIEVEMENTS AND PERFORMANCE
REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS
The trustees are pleased to present the accounts for the year. As at the balance sheet date the charitable fund was valued at £3,014,798 (2025 : £2,837,471), representing a net increase of £177,327 on the previous year.
Investment income at £70,587 (2025: £71,536) was up on the previous year.
The council made grants of £92,275 (2025 : £111,950) in the year, this represented an decrease of £19,675 compared to the previous financial year which included legacy income
The trustees hold a letter from HM Revenue & Customs dated 10 March 2000 which states "'I am now able to confirm that the grants made by the Yorkshire Brethren fund are non-taxable".
The trustees pay grants in December of each year.
The trustees are satisfied that the society's assets are available and adequate to fulfil its obligations
FINANCIAL REVIEW
Investment policy and objectives
The long term objectives of the trustees are:
a) To maintain the long-term purchasing power of the capital against inflation whilst achieving a balance between capital growth and the generation of income for the charity.
b) To review the long-term performance of the investment managers on a three year rolling basis
Reserves policy
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the charity should be between 3 and 6 months of the unrestricted resources expended, which equates to £25,390 to £50,781 in general funds. The free reserves held as at 31 March 2026 were £128,876. At this level, the trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding.
Page 1
The Society of Yorkshire Brethren
Trustees' Report
for the year ended 31 March 2026
FINANCIAL REVIEW
Going concern
The trustees have reasonable expectation that the charity has adequate resources to continue in existence for the foreseeable future. They continue to believe the going concern basis of accounting is appropriate in preparing the financial statements
STRUCTURE, GOVERNANCE AND MANAGEMENT CONSTITUTION
The society was constituted under rules originally approved on 27 November 1667. The current rules of the Society were approved on 9 June 2015
METHOD OF ELECTION OF TRUSTEES
Trustees are appointed by the council
INVESTMENT POWERS
The council may invest as if they were beneficially entitled
ETHICAL RESTRICTIONS
a) No investments in armaments
b) The investments to reflect the teaching of the Catholic Church in moral matters
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 511025
Principal address
Flat 2 33a Shine Oak Road Leeds LS62DD
Trustees
Rev Canon D Grant Chairman Rev Canon M McCreadie Treasurer Rev Canon T Wiley Secretary Rev Fr M Kelly Rev A Summersgill Rev J Cook Rev R Marsden
Independent Examiner
Simon Hart FCCA Hart Wright Accounting Chartered Certified Accountants 24 Hall Drive Sutton In Craven North Yorkshire BD20 7NH
Bankers
Yorkshire Bank 94 Albion St Leeds LS1 6AG
Page 2
The Society of Yorkshire Brethren
Trustees' Report for the year ended 31 March 2026
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Rev Canon M McCreadie - Trustee
Page 3
Independent Examiner's Report to the Trustees of The Society of Yorkshire Brethren
Independent examiner's report to the trustees of The Society of Yorkshire Brethren
I report to the charity trustees on my examination of the accounts of The Society of Yorkshire Brethren (the Trust) for the year ended 31 March 2026.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Simon Hart BA FCCA The Association of Chartered Certified Accountants
Simon Hart FCCA Hart Wright Accounting Chartered Certified Accountants 24 Hall Drive Sutton In Craven North Yorkshire BD20 7NH
Date: .............................................
Page 4
The Society of Yorkshire Brethren
Statement of Financial Activities for the year ended 31 March 2026
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Other income Total EXPENDITURE ON Raising funds Raising donations and legacies 4 Charitable activities 5 Grants Governance costs Total Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 351 70,587 - 70,938 1,897 1,897 93,062 6,604 101,563 - (30,626) 159,502 128,876 |
Restricted fund £ - - - - 18,715 18,715 - - 18,715 226,667 207,953 2,677,969 2,885,922 |
2026 Total funds £ 351 70,587 - 70,938 20,612 20,612 93,062 6,604 120,278 226,667 177,327 2,837,471 3,014,798 |
2025 Total funds £ 99,858 71,536 225 171,619 17,485 17,485 111,950 14,457 143,892 25,215 52,942 2,784,529 2,837,471 |
|---|---|---|---|---|
The notes form part of these financial statements
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The Society of Yorkshire Brethren
| CURRENT ASSETS Investments Cash at bank CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds Restricted funds: Restricted Fund TOTAL FUNDS |
Statement of Financial Position 31 March 2026 Unrestricted Restricted fund fund Notes £ £ 10 115,232 2,894,923 22,181 - 137,413 2,894,923 11 (8,537) (9,001) 128,876 2,885,922 128,876 2,885,922 128,876 2,885,922 12 |
2026 Total funds £ 3,010,155 22,181 3,032,336 (17,538) 3,014,798 3,014,798 3,014,798 128,876 2,885,922 3,014,798 |
2025 Total funds £ 2,805,348 51,497 2,856,845 (19,374) 2,837,471 2,837,471 2,837,471 159,502 2,677,969 2,837,471 |
|---|---|---|---|
| 31 March 2026 Unrestricted fund Notes £ 10 115,232 22,181 137,413 11 (8,537) 128,876 128,876 128,876 12 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
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The Society of Yorkshire Brethren
Notes to the Financial Statements for the year ended 31 March 2026
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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 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 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Income
All income is recognised in the Statement of Financial Activities when the conditions for receipt have been met, where there is entitlement, probable assurance of receipt and the monetary value of incoming resources can be measured with sufficient reliability.
Expenditure
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Governance costs
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.
Taxation
As a registered charity the entity benefits from rate relief and is generally exempt from Income Tax and Capital Gains Tax but not from VAT. Irrecoverable VAT is included in the cost of these items to which it relates.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Financial instruments
The charity only has the basic financial assets and liabilities of a kind that qualify as basic financial instruments. These are recognised at transaction value and subsequently at settlement value.
continued...
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The Society of Yorkshire Brethren
Notes to the Financial Statements - continued
for the year ended 31 March 2026
| 2. DONATIONS AND LEGACIES 2026 £ Gifts - Donations 351 Legacies - 351 3. INVESTMENT INCOME 2026 £ Dividends receivable 70,587 4. RAISING DONATIONS AND LEGACIES 2026 £ Brewer Dolphin fees 20,612 5. CHARITABLE ACTIVITIES COSTS Grant funding of activities Support (see note costs (see 6) note 7) £ £ Grants 92,275 787 Governance costs - 6,604 92,275 7,391 6. GRANTS PAYABLE 2026 £ Grants 92,275 7. SUPPORT COSTS Governance Management costs £ £ Grants 787 - Governance costs - 6,604 787 6,604 |
2025 £ - 1,522 98,333 99,858 2025 £ 71,536 2025 £ 17,485 Totals £ 93,062 6,604 99,666 2025 £ 111,950 Totals £ 787 6,604 7,391 |
|
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continued...
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The Society of Yorkshire Brethren
Notes to the Financial Statements - continued for the year ended 31 March 2026
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025
Trustees' expenses
| Trustees' expenses | ||
|---|---|---|
| 2026 | 2025 | |
| £ | £ | |
| Trustees' expenses | 787 | 2,554 |
9. STAFF COSTS
| The average monthly number of employees during the year w Trustees No employees received emoluments in excess of £60,000. 10. CURRENT ASSET INVESTMENTS Value 2026 £ UK quoted investments 2,768,171 UK Portfolio cash 40,677 2,808,848 MOVEMENT IN FAIR VALUE Market value at 1 April 2025 Acquisitions at cost Disposals at opening book value Net gains (losses) on revaluations in the year Market value at 31 March 2026 Cash awaiting investment Fair value at 31 March 2026 Historical cost as at 31 March 2026 |
as as follows: Value 2025 £ 2,747,666 57,682 2,805,349 |
|
|---|---|---|
Investments are valued at fair value at each year end. All investments are held within restricted funds.
continued...
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The Society of Yorkshire Brethren
Notes to the Financial Statements - continued for the year ended 31 March 2026
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors |
2026 £ - 17,537 17,538 |
2025 £ - 19,374 19,374 |
|---|---|---|
12. MOVEMENT IN FUNDS
The restricted fund is represented by the Investment portfolio held by Brewin Dolphin.
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2026.
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The Society of Yorkshire Brethren
| Detailed Statement of Financial Activities for the year ended 31 March 2026 Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS Donations and legacies Gifts - - Donations 351 - Legacies - - 351 - Investment income Dividends receivable 70,587 - Other income Mass Offering - - Total incoming resources 70,937 - EXPENDITURE Raising donations and legacies Brewer Dolphin fees 1,897 18,715 Charitable activities Grants to individuals 92,275 - Support costs Management Trustees' expenses 787 - Postage and stationery - - 787 - Governance costs Wages 1,893 - Accountancy and legal fees 3,120 - Trustees' meetings and AGM 1,591 - 6,604 - Total resources expended 101,563 18,715 Net income before gains and losses (30,626) (18,715) Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Unrealised gains/(losses) on fixed asset investments - 40,613 186,054 Net income (30,626) 207,957 |
2026 Total funds £ - 350 - 351 70,587 - 70,938 20,612 92,275 787 - 787 1,893 3,120 1,591 6,604 120,278 (49,340) 40,613 186,054 177,327 |
2025 Total funds £ - 1,522 98,333 99,858 71,536 225 171,619 17,485 111,950 2,554 1,500 4,054 1,276 3,515 5,612 10,403 143,892 27,727 8,151 17,064 52,942 |
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This page does not form part of the statutory financial statements
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