2023-03-31-accounts - Groundwork Yorkshire Limited

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Contents	Page
Chairman's Statement
Report ofthe Trustees
Auditors' Report	19
Consolidated Statement ofFinancial Activities	21
Balance Sheets	22
Consolidated Statement ofCash Flows	23
Notes to the Accounts	24

Groundwo	rk Yorkshire
		First Appointed	Resigned/Retired
Nominated	by Leeds City Council via Groundwork's	Leeds Local Partnership
Councillor	Al Garthwaite	January 2021,	September 2022
Nominated	by Selby Distdct Council via Groundwork's North Yorkshire Local Partnership
Councillor	Chds Pearson	January 2021	June 2023
John Readshaw		January 2021
Councillor	Paul Welch	January 2021	September 2022

Nominated by Groundwork UK
Antony Nelson	January 2021
Co-opted Trustees
Rowena Hall	January 2021	March 2023
Trevor Lincoln	January 2021
Fawad Dar	March 2022	September 2022
Jessica Malone	March 2022	June 2023
Helen Sutcliffe	March 2022	June 2023
Dan Wilson	March 2022

							Restricted
				Unrestricted	Restricted		Fixed Asset
			Note	Funds	Funds		Funds	Total Funds	Total Funds
				01.04.22	01.04.22		01.04.22	01.04.22	01.04.21
				to	to		to	to	to
				31.03.23 f	31.03,23	f	31.03.23 f	31.03.23 f	31.03.22 f
INCOME FROM
Donations			2	215,521				215,521	198,974
Grants for coronavirus Charitable activities	support		2 3	3,875,560	1,069,032			4,944,592	35,259 3,940,650
Other trading activities			11	865,524				865,524	809,238
Investments			4	42,200				42,200	71,168
Other
				4,998,805	1,069,032			6067837	5055289
EXPENDITURE ON
Raising funds
Other trading activiTies			11	853,488				853,488	835,122
Investment management				33,600				33,500	121,115
Charitable activities			3	3,635,073	1,351,303			4,986,376	3,948,572
Exceptional coronavirus		costs	3
Pension scheme adjustments			16	70 ODD				70,000	85,000
				4,592 061	1351,303			5,943,364	4,989,809
Losses on invesbnent -unrealised	property		11			-	~300,000	~350000
NET (EXPENDITURE)l
INCOME FORTHE YEAR				406,744	(282,271)		(350,0DO)	(225,527)	65,480
Transfers between funds			19
OTHER RECOGNISED		GAINSI	(LOSSES)
Pension scheme actuarial
(losses)l gains			18	1,460,000				1,460,00D	985,000
Minofdy Interest ad)ustment			11
NET MOVEMENT IN FUNDS				I,OM,744	~282,271		~1350,000	Dx22470	~060400
RECONCILIATION OF FUNDS
Fund balances brought	forward			(1,828,767)	282,271		1,250,000	(296,496)	(1,346,976)
Net movement in funds				1,868,744	(282,271)		(350,000)	1,234,473	1,050,480
Fund balances carried	forward			37,977			900,000	937,977	~00,40

		o t	he Year Ended	31I 20	23
					2023 8	2022f
Cash flow from operating		activities			303359	262,659
Cash flow from Investing		activities
Investment income					42,200	71,188
Investment management					(33,500)	(121,115)
Business combination
Capital grants received
Sale of fixed assets Purchase offixed assets					~40 000 ~32,146	~0606 ~720 552
Cash flow from financing		activities
Loan borrowings
Loan repayments					(108,815)	(11,975)
Loan interest					(17,890)	(5,757)
Finance lease payments						(751)
Finance lease interest					~126.700	~70,403
Change in cash					144,464	123,824
Cash at start ofperiod					241,010	117,186
Cash at snd ofperiod						241,010
Recon I o oft	meandE		en IturetoO	cretin	o
					2023	2022
Net income / expenditure					(225,527)	65,480
Depreciation					59,477	52,111
Pension scheme adjustment					70,000	85,000
Investment income					(42,200)	(71,168)
Investment management					33,500	121,115
Business combination
Loan interest					17,890	5,757
Finance lease interest
Revaluation ofinvestment		property			350,000
Change in stock					(24,792)	(13,315)
Change in debtors Change in creditors					819,253 ~04 242	(545,208) 563,087
					303,359	262,859
na IsofCash and	Cash E ulvalents
					2023	2022
					6	5
Cash at bank and in hand					385,474	241,010
Net Debt Cash Bank loan Other loans			2022 8 241,010 (43,733) ~40,070 549,233		Gashflow 8 144,464 9,675 99140 253,279	2023 5 385,474 (34,058) ~047370. 296,954

						Restricted
			Unrestricted		Restricted	Fixed Asset	Total	Total
			Funds		Funds	Funds	Funds	Funds
			2023f		2023 f	2023 f	2023f	2022f
Core funding			57,645				57,645	57,646
Grants for	coronavirue	support						35,259
Other			167,876				157,878	141,328
			2~15 521				215521	234233
CHARITABLE ACTIVITIES
						Restricted
			Unrestricted		Restricted	Fixed Asset	Total	Total
			Funds		Funds	Funds	Funds	Funds
Income:			2023 f.		2023f	2023f	2023f	2022f
Community	projects		1,897,548		1,044,740		2,942,288	1,847,406
Land projects			907,987				907,967	461,907
Employment	projects		1,070,045		24,292		1,094,337	1,631,337
Business projects
			3875 580		1 1169032		4341582	3 34ll 650
Expenditure:			f		f	f	f	f
Community	projects		1,627,466		1,327,011		2,954,477	1,764,717
Land projects			690,836				890,836	519,236
Employment	projects		1,316,771		24,292		1,341,063	1,884,619
Business projects
			3,635073	.	1351303		4 888876	3348572
					Direct	Support	Total
					Costs	Costs	Costs	Total Costs
Expenditure	comprised:				2023f	2023f	2023f	2022f
Communily	projects				2,354,348	600,129	2,954,477	1,764,717
Land projects					505,029	185,807	690,836	519,236
Employment	projects				1,047,699	293,364	1,341,083	1,664,819
Education projects
Business projects
					3907076	I D79 30D	4838378	3348572

				Restricted
		Unrestricted	Restricted	Fixed Asset	Total	Total
		Funds	Funds	Funds	Funds	Funds
		2023f	2023 f	2023 f	2023f	2022f
Bank	interest
Rentai	Income	42,200			42,200	71,168
		42 200			422DD	71168

5 SUPPORT COSTS
		Community		Land	Employment	Business	Total	2022
			8			S	6	6
Staff costs			402,998	124,773	163,918		691,689	578,348
Travel			5,507	1,705	84,944		92,156	72,017
Marketing			1,226	379	144		1,749	3,693
Premises			31,189	9,657	5,967		46,813	27,651
Communications			17,345	5,370	2,724		25,439	24,861
Professional fees			11,569	3,582	10,008		25,159	25,191
Insurance			27,752	8,592	5,652		41,996	56,675
Sundry			35,424	10,968	5,655		52,047	42,022
IT			35,596	11,021	4,331		50.948	37,633
Depreciation			17,914		2,104		25,564	20,554
Governance costs
Legal and professional								101
Audit fees			13,609	4,214	1,598		19,421	12,000
Nonwudit services					6,319		6319	1 5e4
			600,129	185,807	293,364		1OOi'55O	900310
6 GROUP INCOME AND EXPENDlTURE BYFUND					FOR PRIOR YEAR
							Restricted
							Fixed
					Unrestricted	Restricted	Asset	Total
					Funds	Funds	Funds	Funds
					2022 E	2022f	2022 6	2022 6
INCOME FROM
Donations					198,974			196,974
Grants for coronavirus	support				35,259			35,259
Charitable activities					1,658,241	2,282,409		3,940,650
Other trading activities					809,238			809,238
Investments					71,168			71,168
Other
					2,772,880	2,282,409		5,055,289
EXPENDITURE ON
Raising funds
Other trading activities					835,122			835.122
Investment management					121,115			121,115
Charitable activities					1,902,718	2,045,854		3,948,572
Exceptional coronavirus		costs
Pension scheme adjustments					85,000			85,000
					2,943,955	2,045,854		4,989,609
NET (EXPENDITURE)l
INCOIEE FOR THE YEAR					(171,075)	236,555		65,480
OTHER RECOGNISED		GAINS/	(LOSSES)
Pension scheme actuarial
(losses)l gains					985,000			985,000
Minority interest adJustment NET MOVEMENT IN FUNDS					813,925	238,555		1,050,480
RECONCILIATION OF		FUNDS
Fund balances brought		forward;			(2,642,692)	45,716	1,250,000	(1,346,976)
Net movement in funds Fund balances cerned	forward				813,925 1,828,'l8	236,555 282,271	g5,000	1,060,4&0 298.498

	Company
			Motor	Project	Office		Computer
			Vehicles 6	Equipment 6	Equipment	f	Equipment f		Total 6
	COST
	At 1 Apdil 2022		38,977	99,958				52,028	190,963
	Additions							2,004	2,004
	Disposals
	At 31 March 2023		38,977	99,958				54,032	192,967
	DEPRECIATION
	At 1 April 2022		14,291	93,490				21,9BB	129,747
	Charge for year		7,795	4,836				12,643	25,474
	Eliminated on disposei
	At 31 March 2023		22,086	98326				34,809	155,221
	NET BOOK VALUE
	At 31 March 2023 At 1 April 2022		16,891	1,632			19,223 ~IF00		37,746 ~6
11	INVESTMENTS
			Group		Company
			2023 8	2022 f	2023 6			2022 6
	Shares in subsidiades	ai cost
	At 1 April 2022				251			251
	Additions At 31March 2023				~25			251

						JMUKL	GPL	JINUKL	GPL
						2023 f	2023 f	2022 f	2022 f
Turnover Cost ofsales Gross profit					23,997 245,871 134,500 988,703 ~((0,503 ~742,032			14,292 103,652 ~(00,360	245,698 1,195,842 ~000,(44
Administrative expenses						(22,850)	(208,836)	(14,259)	(233,648)
Gift aid payment
Interest received and other		income					170	200	19790
Net prof(If(loss)						1,147	37,205	209	31 84D
Assets Liabilities Net assets					11 469,861 ~[47,(77 0024137 (47~100 ~~10 076			28,063 ~7~0,370 ~40 313	505,902 030083 ~~23,(0(
Called up share capital Profit and loss account					100 j4~7200 ~47,(00		100 '(03D76( 102.97	100 484\3 ~48 3	100 ~230201 ~230101
The charity owns the whole		ordina(y share			capital ofWhitwood		Golf Club Limited, acompany
registered in England and Wales and			incorporated on 21 June				2012,
The subsidiary operates	hvo	goifcourses.
The results ofthe company are included				within		these consolidated financial statements
in a separate line in income		from other		trading		activities.
A summary ofthe subsidiav/s		trading	results			is shown below,
								WGCL	WGCL
								2023 f	2022 f
Turnover Cost ofsales								857,723 ~424,420	809,238 ~40(,04(
Gross profit								433,294	407,697
Administrative expenses								(432,398)	(433,581)
Interest received and other income								18.261	61,654
Net profit/(loss)								19,157	35,770
Assets Liabilities Net assets								413,832 410000 I908	418,701 ~400.020 ~2(.125
Called up share capital Profit and loss account							100 ~2000 ~(,000		100 I, ~21,(20

								Group	Group	Company	Company
								2023	2022	2023		2022
	Investment property							E	E	E		E
	At 1 April						1,25Q, QQQ		1,250,000	1,250,000	1,250,000
	Additions
	Reclassification
	Revaluation						~2300,000			~S50,000)
	At 31March						900,0110		1,2500DO	90DDOD	1.250 0DO
	The properly	was	valued	on	an open market existing			uso basis on 11April 2023 by Feather			Smalles
	Scales Chartered		Surveyors.		Had	it not been revalued		il would be held at the		following historical		cost:
	Cost						5,790,717		5,790,717	5,790,717	5,790,717
12	DEBTORS							Group		Company
								2023	2022	2023		2022
								E	E	E		E
	Trade debtors						747,785		826,612	456,376		461,452
	Other debtors								14,291	332,854		8,241
	Amount owed	by	subsidiaries							133,424		195,035
	Prepayments	and	accrued income				825,701 I,:172.080		1,351,336 22202 30	412,211 1,304 005	1,108,322 ~l,7t0,0
	included in the above are			the	following amounts		duo	after more than one year:
	Amount owed	by	subsidiaries							148,599		150,700

CREDITORS (Amounts	falling	due within one year)
		Group		Company
		2023	2022	2023	2022
		E	E	E	E
Trade creditors		727,059	545,969	455,662	191,134
Social securily and other	tax	145,239	157,693	152,156	106,377
Other creditors		81,490	1,010,250	14,045	655,915
Bank loan		9,915	9,890	9,915	9,690
Other loans		99,774	79.482	60,634	48,075
Accruals		83,454	23,277	14,888	12,154
Deferred income		294,673	348,988	260,186	296,570
Finance lease
		1,4441,604	2,175,309	907404	1.377.915
CREDITORS (Amounts	falling	duo after morc than one year)
		Group		Company
		2923	2022	2023	2022
			8	E	E
Bank loan		24,17l3	34,043	24,143	34,043
Other loans		517 5198 !2/1L739	667,048 701,091	489,518 41s,004	530152 sm Da"

			Group		Company	Company
			202:i F	2022	2023 f	2022 f
Balance	brought	forward	37I8, 7tri8	282,419	296,570	196,347
Incame Income Balance	received released carried	to SOFA fonvard	8,283, 72 ~9.3331971 294,rhi8	3,962,470 (3,000,S211 348,968	4,241,244 ~427, 8720 26018S	2,761,306 +SMI 08a S6,670

COMMITMENTS
					2023f	2022f
Capital expenditure	contracted for
The group had rents	due frnm	iis investment	propeiiias	tiS fallows:
Within one year					34,590	5,157
In second to Fifth year					57,347	2,080
					91,937	7,237
The group had commitments		under operating	leases as	ft&ilows:
Within one year					21,216	32,656
In second to fifth year					8,814	32,370
					30,030

Major assumptions
		2023	2022
			0/
Rate ofincrease in salaries		4.0	4.2
Rate ofincrease far pensions		2.7	2.9
Rate ofinflation (DPI)		2.'i	2.9
Discount rate		4.7	2.7
Life expectancy assumptions
		2023	2022
		years	years
Male current pensioner age 85 now		21.6	21.8
At 85far a male future pensioner	aged 45 now	22.9	22.5
Female current pensianer nge 65	now	24.6	24.6
At 65for afemale future pensioner	aged 45 now	25.7	25.7

Share ofassets a	nd rat
		Value as at	Value as at
		2023	2022
		8000	6000
Equities		3,565	3,534
Government bonds		305	328
Other bonds		203	213
Property		148	177
Cash		102	128
Other		93	49
Total market value ofassets Unrecognised asset Present value ofscheme liabilities Deficit		4,414 (345) ~4,009	4,429 ~5,019 1,390
Novementin deficit		2023	2022
		EOOO	8000
At start ofyear		(1,390)	(2,290)
Current service charge		(46)	(53)
Employer contributians		13	16
Net interest/return	on assets	(37)	(48)
Actuariat gain/(loss) Asset restriction		1,805 ~345	985
At end ofyear			1,390
NetinteresVreturn	on assets	2023	2022
		f000	6000
Interest an assets Interest on liabilities		119 ~1150	91 ~430
Other ad)ustltients		(37) (37	(48) ~48

		2023	2022
		8	8
Income		4,467,868	2,985,293
Gift aid donation from ti suing	subsidiary
Expenditure		(4,394,487)	(2,974,651)
Pension scheme surplus Loss on investment property		1,480,000 ~350.000	985,000
Increase l(decrease) in funds Total funds brought forward Total funds carried forwerd		1,183,381 (3,043) 1,180,338	995,642 ~000,000 3,043
Restricted funds Unrestricted funds		900,000 280,338 1.'l80,338	1,532,271 ~1,%5 M 4 3,043


2023	Res(t (cled
	Fixed Asset		Restricted	Unrestricted
	Funds		Funds	Funds	Total
Group		E	E	E	E
Tangible fixed assets				250,797	250,797
Investment property	OOO,	QQO			900,000
Current assets			113,437	'I,687,086	1,800,523
Creditors due within one year			(113,437)	(1,328,167)	(1,441,604)
Creditors due after one year				(571,739)	(571,739)
Pension deficit
Net assets	BOO	OQQ		37977	937977
Company				E	E
Tangible fixed assets				37,748	37,746
Investments				251	251
Investment property	OO(i QOQ				900,000
Current assets			113,437	1,590,049	1,703,486
Creditors due within one year			(113,437)	(854,047)	(967,484)
Creditors due after one year				(493,861)	(493,661)
Pension deficit
Net assets	QOO, QOQ			285 338	I IIIO 338
2022	Res((ie(e((
	Fixed Asse( i' I I(1[I'		Restricted Funds	Unrestricted Funds	Total
Group		5	E		E
Tangible fixed assets				269,384	269,384
Investment property	1 25iu iQOQ				1,250,000
Current assets			543,420	1,907,100	2,450,520
Creditors due within one year			(261,'I49)	(1,914,160)	(2,175,309)
Creditors due after one year				(701,091)	(701,091)
Pension deficit Net assets	I, .;kll, ll	2	282221	1,390000}	'l,390,000
Company					E
Tangible fixed assets				61,216	61,216
Investments				261	251
Investment property	1,25IO,OOO				1,250,000
Current assets			543,420	1,414,180	1,957,800
Creditors due within one year Creditors due after one year Pension deficit Net assets	f250,0()O		(261,149) 282271	(1,056,766) (564,195) ~2,358,835 ~1,535,324	(1,317,915) (564,195) 1390,000) 3, 3

					Groundworl: 'j.	Groundworl: 'j.	4'.;.hire Limited	4'.;.hire Limited	4'.;.hire Limited
					Not!~~the Fin;:		77:i81Statements							37.
					~Fort Lee(ear ELi&ipd 31 March 2023
9MOVEMENTS IN FUNDS
2023					Opening	lil; l,ill !I			Outgoing	Transfers			8	Closing
					Balance	R'i' 1'	I 71 vs		Resources	Gains(losses				Balance
Restrlcled general funds Community projects					E 282,271	i,i!!i,'10			E (1,327,011)			E		E
Land projects
Employment projects						21,292			24,292
					282,271	1,11171, 32			JII351303
Restricted Fixed Asset		Funds
Business projects					'i,250,000					~1350,000				900,000
Unrestricted funds General funds					(438,767)	'!!":,'!!!5			(4,522,061)					37,977
Minority interest Pension reserve			~4.825,767 ~1.39D000)			',.': 20		~770,000 L44592,011			1 460,000 1,460,000			37,977
Total funds											1,1100DD			937,977
Unrestricted funds are the			retained		surpluses	ofthe 9«xiii end		are available to be used for					any
purpose specTiied within		the trust's			objectives	and are the only		funds that are available				for use		at
the discretion ofthe trustees.
Restricted funds represent			unspent		balances	on grani,	!nreived		for specific projects.			The	restrictions
are generally imposed	by ihe funding body and oiilil1 il						'il ie the type ofexpenditure				allowed and
geographical area ofproject and				the activity to be alii-n			ii,.ii.
Restdicted fixed asset	funds represent the net					book veiurl nf fixed assets purchased					out of		restricted funds
together with unexpended			balances on grants			receive!	irlr specific projects where				the	project expenditure
is to be capitalised as	a fixed asset.
2022				Opening		ill' '	3 ill		Outgoing	Transfers			!L	Closing
				Balance		Rl'' 1'll			Resources	Gainsgosses				Balance
Restricted general funds					f.				E			E		E
Community projects					45,716	1n,;, 496			(1,610,851)					282,271
Land projects							!,!192		(4,522)
Employment projects						1 3	!7!1		(430,461)
					45,716	'ky'4:	in9		2,045.854					282,271
Restdcted Fixed Asset		Funds
Business projects				1,250,000										1,250,000
Unrestricted funds
Generalfunds					(352,692)	7, /;	LH!19		(2,658,955)					(438,767)
Minority interest
Pension reserve				(2.290,000					85,000		985 073			3779e0393
			322642882			'	. .	~12943855			985,000			~1.628.767}
Total funds				(1,346,976)				~4,989,80			985000			~298490

During the year in the the above as follows.	ordinary	course ofbusin!!ss, tlia aroup e	ntered into transactions	with
			2023	2022f
Incoming resources
The Federatian of Graundwork		Trusts	524,475	360,038
Wakefield Metrapolkan	District Council		8,021	10,262
Leeds City Council			1,223,725	565,399
Selby District Council			47,172	500
Selby Town Council				2,880
Groundwork North Yorkshire			1,404	20,632
The Leeds Groundwork	Trust		132,000	596,165
Groundwark Environmental Services (Leeds) laiiited				2,029
Resources expended
The Federation of Groundwork		Trusts	17,407	17,748
Wakefield Metropolitan	District	Council	3,547	5,382
Leeds City Council			7,031	485
Selby District Council			250
Selby Town Council
Groundwork North York:-hire The Leeds Groundwork 1 rust			1,758 4,682	1,758 69,825
Groundwork Environmi	nial Services (Leeds) Li!nited		10,000
Debtors
The Federation af Grouin dwork		Trusts	68,553	30,380
Wakefield Metropolitan	District	Council
Leeds City Council			273,255	30,753
Selby District Council			18,228
Selby Town Council
Groundwork North Yorkshire The Leeds Groundwork Tiust			4,974	8,241 132,812
Groundwork Environmental Services (Leeds) Liiniled
Creditors
The Federation of Grounclwork Wikefield Metropolitan District Leeds City Council		Trusts Council	580 530,797 6,031	45,032 576,985
Selby District Council
Selby Town Council
Groundwork North York."hire The Leeds Groundwork Trust			1,758	1,758 320,754
Groundwork Environmental Services (Leeds) Lintited			684	283,891