IBlllllllll *ADH8H5JL• 0411212024 COMPANIES HOUSE 2023/24 A20. #155 j GROUNDWORK YORKSHIRE CIM14GINGPLACCS CtrIANflNGUVES Annual Report and Financial Statements Groundworkyorkshire Umlted awityreostrdknro 519846 Cmpany i¢gistTrtlon no. 2202681 stered office: Envlronmenl & Business Ceritrt, Mpjtyn ReesA¥gwe. Leeds L527 9SL CONTENTS Contents About Groundworkyorkshire Chalrfs Ststement Govemance Objectlves and Publlc Benefit Stratsglc Reportforthe Year Endlng 31 March 2024, cornprfslnK. Performance OveNiew Sustslnable Development Report Equity Diverslry & Incluslon Our Plans.for the Future Financial Performance Prlnclpal Rlsks and Uncertalntles Statement of Trustees, Responslbilltles 24 Independent Au(fitols Report to the Members of Groundwork Yorkshire Ltd 26 Cpn5011dated Ststement of Rnanclal Artlvltles 27 Balance Sheets 28 Consolldated Cash Flow Ststement 29 Notes forming part of the flnanclal statements Annual Report and Flnanclal Ststements 2023124 ABOUT GROUNDWORK YORKSHIRE About Groundwork Yorkshire Groundwork 5UPPOrt5 practical action to create a fair and 8reen future in which people places and nature thrive. We be15eve that working wlth local communities and buslnesses to help them build their capacity and resilience is vital if we are to tackle hardship, achieve a just transition to net-zero and help nature recover in a way that reduces inequality and leads to better work and healthier, happier lives. What this means in practice is" helping people get jobs and supporting the 8rowth of the green economy; reducing the waste of energy. food and water; creatin8 and maintaining biodiverse, accessible green spaces; supporting businesses to be more successful and responsible: and empowering communities to take action to improve their health and wellbeing and the local and global environment. The way we work,, > connects people with each other, with opportunity and with nature > builds knowledge and confidence so that people feel more In control of their future > delivers social, economic and environmental outcomes in an Integrated way . We work with oeople who are facing multiple challenges and in places that are lacking social infrastructure and economic opportunities. Many of the places we prioritise are also increasingly vulnerable to extreme weather events. We have four decades, experience of building partnerships to address these challenges In three connected ways. > We help people Improve thelr prospects - increasing confidence, skills, wellbeing and employability and helpin8 those out of work flnd jobs in the green economy > We help people create better places - making communities greener. healthier and better prepared for the future and enabling people to work together to bring about chan8e in their local area > We help people protect the plaiiet - supporting people and buslnesses to reduce theSr carbon footprint, cut waste and tske practical action to combat the cllmate and nature emergencie5 Groundwork Yorkshire is registered as a company and charity and Is a member of the Federdtion of Groundwork Trusts. This report outlines theactivity, priorities andfinancial position of Groundwork Yorkshire and how itconl'ributes to Groundwork's collective achievements and impact. more details about the work of the Groundwork Federation can be found here. Our impact- Groundwork. CHAIR'S STATEMENT Chair's Statement Groundwork 8rew from a tlme of social and economic crisis in the late 1970s and early 1980s. Whlle much has changed over the last forty years, many of the Issue5 we have been wrestllng with remain: restorln8 prlde of place and a sense of community., tackllng cllmate change; working wlth unemployed people to Improve thelr Ilfe chances or supportlng Indlvlduals and commun Itle5 wlth the multlple challenges of the current cost of Ilvlng crlsl5. I became Chairman of Groundwork Yorkshire In December 2023, havin8 served on the Board for a number of years. Throughout my Involvement wlth Groundwork, I've been proud to see how Groundwork Yorkshlre has stepped up to 5UPPQrt communltles through current tlmes of crS5ls. Even In these most challenging of times our team contlnues to rlse to the challen8e of dellver,In8 ever more Innovatlve Solutlons and Support to the communltles we serve. Thls report hl8hll8hts some of what Groundwork Yorkshlre has achleved In the last year. In the comin8 year we wlll be supportlng a number of our local authorlty partners as they strlve to make the most of the Levellln8 Up Opportunltles designed to help build prlde in place. We wlll a150. as we alway5 have, work wlth Indlvlduals and communltie$ to Brow human capltal and bulld communlty reslllence. On behalf of the Trustees, I would Ilke to thank our 8réat team for thelr passlon, creatlvlty and commltment to the work that we do and to our beneficlarles. We are, of course. extremely grateful to our many partners, funders and supporters and to all of those who particlpate in our projects, Wlthout thelr dedlcatlon and support, we would not be able to make a dlfference in our local cornmunitles. A speclal thanks a150 to the hundreds of volunteers who slve thelr tlme so 8enerou51y to our harltable causes, as Board and Commlttee Meriibers, and a150 those from buslnesses, schools and communlty groups who are actlvely Involved In our projects on the ground. S'd personally Ilke to thank Peter Cooper, who stepped down as Chair In December 2023, for hi5 unwavering cornmitment to Groundwork and hls 5tewardshlp of Groundwork Yorkshire through the mer8er between Groundwork Wakefield, Groundwork Leeds and Groundwork North Yorkshlre. Antony Nelson, Chair - 26Septsmber 2024 GOVERNANCE Governance How we are organised and governed Groundwork Yorkshire is a charityand a company limited byguarantee that was formed in 2021 following a.mer8er between Groundwork Leeds, Groundwork North Yorkshire and Groundwork Wakefield. The governing documents are its Memorandum and Articles of Association. which were last amended by resolution on 26 September 2023. Membership of Groundwork Yorkshire comprises Leeds City Council, North Yorkshire Council, Wakefield Metropolitan District Council and Groundwork UK. A membership agreement sets out our relationship with Groundwork UK The Board of Trustees are appointed accordance with the Charities Act 2011, and are also the directors of the company in accordance wlth the Companies Act 2006, Up to ten of our trustees are nominated byour MemLErs, through their respective Local Partnership Groups, and a further ten trustees may be co-opted by the Board on accountof their skills. experience or ne￿OrkS. Our trustees are responsible for ensuring Groundwork Yorkshire Is managed effectively and eff iciently with approprlate systems, processes and pollcie5 governing our financial management, our assets and our responsibilities to our staff, volunteers and beneficiarie5. Trustees pay particular attention to our responsibilities in respect of health and safety, safeguarding, dats protection and infonnatlonmanagement,andequity, dlversSty and i nclusion across our organisation. The work of the Board is supported by itssub-committee5: > Buslness Development Committee- responsible for overseeing business development opportunitles, areas for programme expanslon and 8rowth, and potential new opportunitie5. > Finance Committee- overseeingthe financial management of Groundwork Yorkshire, revlewing the Annual Report & Financial Ststements and leading on the audit and risk managemenL > Governance & Compliance Comrnittee- responslble for overseelng govemance and compliance functions, specifically, Health & Safety, Safeguarding, Information Management and Equity, Diversity and Inclusion. > HR Committee- overseein8 our HR processes and policies. > Local Partnership Groups -a Ioc21 focus in Leeds, Wakefield and North Yorkshire that brings together local interests to oversee activity in each area. GOVERNANCE Groundwork Yorkshire's Senior Management Team is led by the Executlve Direttor and includes senior staff member5 responsibleforfinanci31 managementand resources and programme delivery. This team operates through delegated powers Outlined in our financial regulations and provides regular reports on financlal and operational performance and risk management. Relationships wlthin Groundwork Groundwork is a federation of independent charities, each working under a common brand to a common strategy, This strategy sets the direction, milestones and targets which inf5uence operational decision-makin8 acr055 all parts of Groundwork and against which executives hold each other to account. Within this strategic framework we make our own decisions about the project work we develop and deliver. The federation strategy supports our local decision-making by focusing on those areas of development and dellvery where there is a need or an opportunity for Groundwork to act collectively in order to achieve maximum benefit for the communitles it serves. We work closely with our natlonal and reglonal GroLJndwork partners. Thls helps us collaborate to share expertise and amplify our voice and the work we do so we reach more communities. Our work locally reflects the national mission and vision and we are proud to have shaped this through our membership of Groundwork UK. We work closely with our fellow Trusts; Groundwork Cheshire, Lancashire & Merseyside; Groundwork North East & Cumbria,. Groundwork South & North Tyneside and Groundwork Greater Manchester to collaborate and share good practice to maximise seNice delivery. In part this approach reflects the Government's "levellin8 up" agenda and previous 'Northern Powerhouse. initlatives. It allows us to present ourselves at the appropriate scale with partners. Our shared vlsion is to create a vibrant and sustalnable Groundwork delivering more impact to the communities we serve across the North. 11;, OBJECTIVES AND PUBLIC BENEFrr Objectives and Public Benefit Grouiidwork Yorkshire's charitable objective5 were set down in its Memorandum of Association and were adopted in January 2021 and last amended in September 2023. They commit us to; l. To promote the conservation, protection and improvement of the physical and natural environment in the Are3. 2. To provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for those living in or working in or resorting to the Area. 3. To advance public education in environmental matters and of the ways of better conseNlng, protecting and improving the same wheresoever. 4. To promote for the ,public benefic urban or rural regeneration in areas of social and economic deprivation within the Area by all or any of the following means.. 81 the relief of poverty in such ways as may be thought fit., bl the relicf of unemployment In such ways as may be thought fit includin8 assistance to find employment: cl the advancement of education, tralning or re-training particularly amon8St unemployed people and providing unemployed people with work experience., d) the provision of f inancial assistance, I'echnical assistance, business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of f inancial or other charitable need through help.. in setting UP their Own buslnesses; or ii. to existing businesses; el the creation of training and employment opportunities by the provision of work space, buildings and/or land foruse on favourable term5; n the provision of housing for those who are in condltions of need and the improvement of housing in the public sector or in charitsble ownership provided that such power shall not extend to relieving any local authorities or other bodies of a statutory duty tu provlde or Improve housing; g) the maintenance, improvement or provision of publlc amenities, including the provision of routeways such as footpaths and cycleway5 and access to main transport routes., h) the preservation of buildings or Sites of historic or architectural importance: i) the provision or assistance in the provision of recreational facilities for the public at large andlor those who by reason of their youth, age. infirmity or disablement, poverty or social and economic circumstsnces. have need of such facilities., j) the protection or conservation of the environment, including the reclamation of derelict land for use as open space; OBJECTIVES AND PUBLIC BENEFfT kl the provision of public health facilities and childcare, including the provision of schemes to promote healthier lifestyles and creche facilities to increase the ability of parents to take up employment: 11 the promotion of public safety and prevention of crlme, including the alleviation of anti- social behaviour,, m) such other means as may from time to time be determined subject to the prior written consent of the Charity Commissioners for England and Wales. 5. To promote sustainable development for the benefit of the public within the Area by: ai the preservation, consetvation and the protection of the environment and the pwdent use of resources., bl the relief.of poverty and the improvement of the conditions of life in socially and disadvantaged communities., c) the promotion of sustainable means of achieving economic growth and regeneration, 6. To advance the educatlon of the public in subjects relating to sustainable development and the protection, enhancement and rehabilitation of the environment and to promote study and research in such subjects provided that the useful results of such study are disseminated to the public at large. 7. Sustainable development in this Article and in Article 2.5 above means "development which meets the needs of the present without compromising the ablllty of future generations to meet their own needs. 8. To promote the eff iciency and effectiveness of charities wlthln the Area in the direct furtherance of their objects lor any one of them) by the provision of information, advice and assistance in the establishment, admlnistration and management of such charities including assistance of all types in connection with the ralsing and distribution of funds. 9. To promote the efficiency and effectiveness of the voluntary sector for the benefit of the publlc by the provision of information, support and advice to local community-based groups anywhere in the Area. Groundwork Yorkshire's trustees have referred to the Charity Commission's 8eneral guidance on public benefitwhen reviewing the organisation's objectivesand planning futur activities. In particular. l.he trustees consider how planned 3ctivities will contribute to the c.haritable objectives set oul above. Further details about the impact of Groundwork Yorkshire's activities durln8 2023124 can be found on the following pages. STRATEGIC REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Strategic Report for the Year Ended 31st March 2024 The Board of Trustees presents its report for theyear ended 31 March 2024. Performance overview The UK remains one of the richest nations In the world yet many people in many communitie5 face significant hardship. Indicators about the irnpact of the pandemic Indicate a heightening of inequalities. Uncertainty around potentia5 reductions in public spending and possible increases in unemployment, the cost of living crisis and other economic and social factors will present multiple new challenges to communities already uiider stres5. Groundwork was founded at a time of polltical, social and economlc challenge as an experiment to help communities cope with change and work together to make their lives and nelghbourhoods better. That experlence and that spirit of enterprise and Iiinovation have never been more needed. What drives us is the recognition that in every community - however disadvantaged - there are deep reserves of pride in the local area and people with the passion and ideas to improve their clrcumstances and surroundings. Groundwork exists to harness that pride and unlock that passlon throu8h seNices, prolects and programmes that change people's lives now but also make our communities more resilient for the f uture. We know that the multiple challenges faced by many people before the pandemic have in many ways increased - obviously so f or those living In isolation or with significant health issues in communities with few facilities and limited employment prospects. The wèy we 80 about our work is informed by our commitment to 'the Groundwork approach. as set out in the Federation strategy: We work where there is the most need and we can have most impact We listen to local voices and empower people We embed equity and inclusion in everything we do We learn from local practice to influence wider change We are collaborative and innovative We are environrnentsl exemplars STRATEGIC REPORT FOR THE YEAR ENDED 31ST MARCH 2024 10. Activity Highlights This has been a year of strong performance for Groundwork Yorkshire. We have worked with businesses, schools and local communities to make a difference to the lives of people living in Yorkshire. Our full range of activities are showcased on our social media channels and we are particularly proud of the following achievements., > Groundwork's Energy Management Services. IGEMSI started in early 2020, with fundin8 from both Northern Powergrid and Northern Gas Ne￿OrkS. So far, it has provided 20 community buildings with an energy management service. This is open to community and charitable organisations who are base(J in bulldings that have poor thermal ener8y eff iciency, high running costs and those that would benefit frrom support and advice on how to reduce thelr costs, increase efficienry and to implement an energy management system for future sustainability. Within the context of rising energy costs and lack of sUPPOrt, many organisations are experiencing increasin8 difficulties in both running the buildings, providing activities and workin8 towards becoming enwronmentally sustainable. We help community.managed buildings to reduce their energy use through a detailed energy assessment of the property. We help them access fundin8 and technical advice, and provide training and follow-up support, We also get the community buildings involved in supporting local households to reduce energy use and offer Green Doctor home visits for community building users. During the year. we secured additional funding for 12 energy audits a year and wider training till the end of March 2026 throu8h Northern G35 Networks. This 15 in additlon to funding through Groundwork UK which has seen a large increase in funding available for this sector. Our longer-term aim is to use this experience to develop our own Sustalnable Business Service, which will encompass a wider range of resource efficiency support such as water, waste and air, offering our services to smalllmedium enterprises & businesses. > Five northern trusts have each selected a site to develop as a Green Hub as part of the Northern Network project. Horton Communlty Farm in Bradford BD7 is ours. Inlt131 work involved understanding barriers and engaging local residents to find out what they would like to see on the site. Alongside this runs capacity building activity with the allotment holders, farm stsff other local or8ani53tion5 who use the site to form a steerin8 group. Over this year this work has had the followin8 Outputs: New signage and welcome signs created, a need identified from the consultation Series of taster/activity days delivered in a range of 8reen topics identified by local residents including compost training, apple juicing day, outdoor cooking, pond development day adding oxygenating plants. Big Green festival held in June Plan of capital works created to improve the site including., raised beds timber, small polytunnel reskln. 2 new taps, cabin porch shelter and signage inside farm Development of plans for a bespoke sensory garden for the N*isually impaired/blind with the input of our Landscape Architett team. STRATEGIC REPORT FOR THE YEAR ENDED 31ST MARCH 2024 11. > Following the recent relurbishment of Rothwell Greenway. Groundwork Yorkshire was asked to develop a Greenway project from Morley train station to Cottingley via the White Rose Shopping Centre in South Leeds, a5 part of the £23.4 million Morley Town Investment Plan. The Green and Connected proposals are an essential part of ongoing efforts to improve health, the environment, and transport links in Morley with aims includin8 offerin8 better connections to the Morley railway station and providing better facilities for pedestrians and cyclists. The 3km lon& 2.sm wide proposed bitmac path will mostly follow the existing Public Right ot Way, running parallel to the railway line between the two ststions with 3 spur off to Elliott Hudson College and the White Rose shopping centre. The initial budget was £650k but through additional fundraising with Leeds City Council, the project budget has risen to £1,3 million. Initial tree clearance works started in March with the main constNction works carried out by Groundwork Pride stsrting in Sprlng 2024. Works also Included tree plantin8. wildflower meadow, bulb plantin8, metsl fencing, li8hting.' CCTV cameras, gabion wa115 and signage. A5 a spin off commission, Groundwork have been asked to produce a planting design for the new White Rose station. > We delivered a bespoke. targeted Alternative Curriculum programme to five secondary schools in North Yorkshire, namely: Northallerton High, Scatborough High, Selby High, Harrogate High and York High Schools. We worked with youn8 people identified by their schools as being disengaged. over six sessions. one day. a week either on the school site or at a community venue nearby, Students worked with our Green Skills Tutor, learning a wide range of sof't and hard landscaping skills and achieving a NOCN Level l in Hortlculture. Feedback from school st3ff has been consistently positive and are noting improving behaviour, aspirations, attainment and engagement with home. "The programme was successful in reen8a8in8 a 8roup of our puplls with their education and post 16 option5. It gave them 3 sense of drlve and developed key skills around communicatlon, employability and work ski115. The programme opened their eyes to the world OF work and what it would look like in a landscape setting. The boy5 had something to aspire to each week and look forward to working with the team weekly.. STRATEGIC REPORT 12. OUR IMPACT IN 2023/24 £695,360 591 922 Gi&nts distrl'bwJtEd to o%*r &OO cc.mmuntr' ors'ariisa=. ions. Peoplesupported intD e4Jucatio@ emplos'n.ient ortf&ining tf4YS of imlunlEeri by357peopl iialued at £98,058 632 Ha 202 194 L8fAdsca?e restored lJSlfootb-11. pirche Actions to improve biodi,verstcy or nBtwe-. b8sedJotutsons proj.ects deliverd: brioai.ng benefits to *h& petspjeifi Yorkshi Jli a O) C02 6,154 480 £1.4m Front'ljneiNorkers tr2ined onthe irnpact orcold knmeson Tonnes of C02 s2ved in 3,.837 dorne5ts'c properties Oomesttc utrlity, bill STRATEGIC REPORT 13. Sustainable Development Report Supporting practical environmental action is core to our mission as a charity. and our strategy commits us to act as 'environmental exemplars,. We continue to focus on three priorities: > Inspiring our staff to adopt more sustainable behaviours in the workplace and in the home. > Reducing the carbon footprint of our operations as we work towards 'net zero.. > Designing and managing programmes that deliver social and environmental benefits. Our first cohort of stsff has been trained in carbon literacy. In common with the rest of the Groundwork federation, we have now established a baseline carbon footprint for our operations. OLJr action plan to reduce this focuses on maintaining low levels of transport-related emissions by makin8 best Use of technology and promoting sustainable travel and supporting stsff to embed sustainability Sn their working arrangements. We recognise that, as a small staff team. the greatest contribution we can make to sustainable development is through the programmes we develop and deliver. During the year our Green Doctors worked with 3,837 households to achieve £1.4m of utility bill savings which saved 200 tonnes of CO2, Equity, diversity and inclusion A5 a federation. Groundwork has committed to'ensuring it embeds good practice in relation to equi ty, diversity and inclusion in the way it manages its people and delivers its projects, programmes and services. To advance these disCUS5ions within Groundwork Yorkshire we have , brought togetlier an EDI working group to develop an action plan and lead wider colleague .eiiga8emenL Groundwork Yorkshire is committed to being an inclusive or8anisation both in the work that we do and the people we employ. We are committed to encoura8in8 equity, diversity and inclusion in the workplace and all areas of our activities. We aim to create an environment in which personal differences and the contributions of all individuals are recognised and valued. so that they feel respected and able to give their best. In common with Trusts across the federation we undertook two surveys during 2023124 intended to capture dats about the diversity of our staff team and to generate views and feedback about the degree to which they view Groundwork Yorkshire as an inclusive employer, Thisshowedthat: > 52% of our workforce is male, and 53% is a8ed over 45; > 8% of respondents identified as an ethnic or national identity otherthan white British Ithis compares to 19.5% for the whole of England and Wales) STRATEGIC REPORT > 17Yo of respondents reported having a disability or health condition. The most prevalent condition was 3 diagnosed ment31 health condition Iby comparison the charity Scope reports that 19% of workin8 age adults in the UK have a disability) > 90°A of respondents felt that th￿￿J0￿ w0d Responding to the evolving natlonal and regional political and fvnding structure5. The evolvSng political environment IS the m05t Significant headline change. Changes will also flow from the roll out of devolution deals acr055 our area and the introduction of new 'area° structures and priorities such as the Northern Forest, actions to address the universally recognised climate emergency and the development and roll out of new health structures. We will continue to work closely with regional and national Groundwork colleagues to ensure that we are focusing effort at the most appropriate level. STRATEGIC REPORT 15. > Accessing new national funding regimes. It is clear that there will continue to be significant chan8es in the way national funding regimes are managed and allocated. We will continue to work closely with and support national and regional GroLindwork colleagues to understand and respond to opportunities such as the Towns Fund. Durin8 the year, we will: > Help people overcome hardship and isolation by: > WorkinE Wlth 150 corporate and 100 indivi(Jual volunteers > Working with 100 older people to regularly access the Morley Shed for health and wellbeing Support > Delivering 1,500 holiday scheme places and providing 500 outdoor education places > Supporting 2,500 fuel poor households > Savin8 Green Doctor clients £80,000 on their utility bills > TfaininglOO frontline workers on the impact of cold home5 > Signing up 500 households to the Priority Services Register > Help build the green economy by.. > Supporting 270 adults into education, training and employment > Supportin8 65 young people into education, trainin8 and employment > Helping 90 people gain formal qualifications > Help those who most need It connect wlth nature by: > Dellverin8 landscape desl8n projects that improve 280,000.sq m of publicly accessible land > Supporting 65 young people into education, tralning and employment > Helpin8 90 people gain forinal qualifications > Working with 120 children and young people on environmental and education projects > Help more people and places respond and adapt to climate change by: > Delivering ten landscape desi8n projects to address ¢limate resilience and ten landscape 'desi8n projects to address habitat and biodiversity loss > Supportlng 700 people to make greener choices > Saving 35 tonnes carbon emissions in domestic homes > Providing 300 Retrofit Assessments and/or Energy Performance Certificates > Saving 15 tonnes of carbon emissions in non-domestic properties STRATEGIC REPORT 16. .IF ?LAfFI A¥QIIII PLlr¢i lè As part of OLir overall approach, we will complete specific development work in the followlng areas during 2024125: > Health - tracking chaiiges in health structures,. makSng/presenting our services °relevant"; identifying funding opportunities. > Green Doctor - growing our offer locally, regionally and nationally; securing additional income from key supporters > Landscape Design - creatin8 an offer(sl relevant to the changing market: maximisin8 value 35 a gateway service for other teams Icommunities/GPL). > Community Offer- developing a Specific health angle: revisit and build a community focused learnin8 offer. All of our planning is designed to ensure we have the resilience and flexibility as an organisatlon to cope with a changing and challeii8in8 context while focuslng on the development of new programrnes of work that contribute to our mission and express our values. This will mean a greater variety of income sources, investment in our communications capabilities, effective and efficient performance on our portfolio of programmes and contracts, artive management of our costs and assets and a continued commitment from our volunteer trustees to support and champion our wor STRATEGIC REPORT 17. Financial performance Our net incoming resources for 2023/24 totalled £6.003,129 (2022123 £6,067,837} with an unrestricted surplus of £28.427 (2022123 £406,744). Our financial strategy has three clear and linked strands as follows". to minimise our overhead costs to ensure discretionary spending is focused on supportin8 front line delivery and generating more income to achieve an operating break-even to improve our financial strength to withstand unexpected challenges ahead and to invest in the capability we need to diversify our income streams and ensure the quality of our provision. Reserves In line with this financial strategy our trustees have agreed that we should aim to hold at least 3 months operating costs (c £1.98m for Groundwork Yorkshire in 2024125) in liquid reserves. We believe this is appropriate f or the fol lowing reasons: to absorb sl)ort term set.backs such as loss or delays in funding to Provide the working capital required to finance retrospective programme funding which can result in considerable timing differences between expenditure and receipt of funds to cover the cost of investing in stsff trainin8 and development to develop new and improved services for Groundwork to cover the cost of developing new services, such as improved communications, research and quality and business information systems to set aside funds for capital assets such as ICT equipment and for properly equipping our properties to provide funding to cover any unforeseen downturn in activity, 311owing alternative activity to be generated and/or a planned down-sizin8 of our staff team. The above needs for reserves have to be balanced a8ainst the following factors: the need to be seen as a responsible charity by the Charity Commission, our partner5 and funders, our member Trusts within Groundwork and the communitles we serve the need to avoid the creation or retention of unnecessary surpluses for which there is no Future planned requirement or that bear no relation to our charitable aims, Our group level of free liquid resenies at the end of 2023124 stands at £311,700 which represent5 net current assets less restricted funds 3nd less designated funds expected to be used in the next financial year. At the end of the financial year, unrestricted reserves totalled £66,40412022123: £37,977) and restricted reseThes totalled £900,00012022123: £900,000). Principal funding source5 Most of our funding comes from public or private sector grants and contracts. Each main programme is structured and funded diff erently, as outlined below: STRATEGIC REPORT 18. Our Design & Capital Programme - is supported by Leeds City Council, various Parish and Town Councils across the re8ion, Tesco through their 838s of Help programme, Landfill Community Fundlng e.g. Veolia, National Lottery Community Fund and through various grass roots community groups, such as Friends of Gledhow Valley Woods. Our work in Comrnunitles is supported by the National Lottery Community Fund, Tesco, Comic Relief, the Land Trust, Leeds City Council, Leeds Community Foundation, and North Yorkshire Council. The main funder for our Lifelong Learnlng pro8ramrne is Leeds City Council's Adult Learning service. Green Doctor is funded by Leeds Clty Council, Bradford City Council, Kirklees Council, Carp and Repair, Energy Redress, Groundwork UK, British Gas Trust, Northern Gas Networks & Northern Power8rid, Dyson and a range of housin8 partners. Expenditure on charitable objectives In line with the objectives set in our strategy and our business plan, our expenditure in the year was directed towards the activities mentioned in the above report and summary. In the period to March 2024, Groundwork Yorkshire Spent £4.6 million on charitable activities. £1.6 million was spent on our trading activlties. Staff Remuneration Sta'ff sa13rie5 are set by management, based on broad pay bands and market tested through recruitment. The salary of the Executive Director is determined by the Board. Principal risks and uncertainties The Board of Groundwork fully accepts its responsibllities under the Charity Commission's Statement of Recommended Practice ISORPI for ensuring that the major risks to which the charity is exposed are identified and reviewed. and that there are systems in place to mitigate them. Mèjor risks are those that have 3 high probabSllty of occurrlng and would, if they occurred, have a severe impact on either operational performanre or achievement of purpose, or could damage Groundwork's reputstion. Our Board of Trustees, throu8h its delegated Committee structure, regularly monitors the development and operation of Groundwork Yorkshire's risk management process. The process, which operates as both a top-down and bottom-up mechanism, is designed to enable trustees to conclude whether the major risks to which the charity is exposed have been identified and reviewed, and that systems have been established to mitl8ate these risks. Our senior management team has, with support from trustees, undertaken the following: reviewed the mairb, high impact generlc risks established a risk re8iSter of all the signiflcant rlsks which mi8ht irnpact on our core purposes and key objectives established a bottom-up and top-down process of risk identification, assessment, miti8ation and monitoring for all likely risks produced a detailed annual report settin8 Out the action designed to eradicate or mitigate the risks identif led STRATEGIC REPORT 19. Followlng revlew by Committee, a report Is prepared for the Board identlfylng the major risks on whSch trustees should concentrats action at the hlghe5t level. The major areas of potentlal risk, for which we have active and speclfic mitlption strategles In place, are as follows: > The climate and nature crises will deepen, leadlng to fvrther pressure on governments and buslnesses to demonstrate leadershlp and support practlcal action. > The long tsll of the Covld pandemlc will contlnue to cause dlsruptlon and put pressure on public fInan￿S requiring ongoing flexlbility and the need to operate within tlght na￿onal and local spending plans. > The future pollcy directlon of the UK 8ovemment Is unclear. > The gap between the plans and priorltles of the UK government and devolved admlni5trations and mayors Is Ilkely to remain. and posslbly grow, requlrln8 a multl-f3cetsd response to political p05itionlng. > The transltion from EU Structural Funds to a new UK Shared Prosperlty Fund Is likely to lead to gaps In provlslon, but also new opportunltles for more joined-up programmes of soclal and economic re8eneration > Poor dellvery quality or the Inapproprfate use of funds underminlng our reputstion and compromlslng future business development or an unexpetted wlthdrawal of fundln8 from a major partner, for example due to fallure to meet targets, or a slgniflcant clawback of fundln8 as a result of progrdmme audits > A major personal Inddent (e.& In relatlon to Health & Safety or Safeguarding) occurrlng on a project or non-compliance wlth data securlty requlrements by our stsff or subcontractors or our systems beln8 affected by a si8nlflcant cyber-attack. We recognlse that rlsk management Is On essential part of good buslness practlce and an effective mechanlsm of good governance. The Boardls commltted to ensurin8 that rlsk management processes are embedded throughout the organlsatlon, and that these processes are used to help Identify at an early-stsge Issues that affect performance or achievement of purpose. However, the Board recognises that a risk man28ement System can only seek to manage rather than ellmlnate rlsk of fallure, and that it should therefore be only one of the tools that the Board uses to provlde effectNe control and management of the admlnistrntion of the charlty. statement of trustees, responsibilitles Our trustee5 are responslble for preparing Groundwork YoTk5hire's Annual Report and Flnanclal Statements in accordance with applicable law and regulations. Company law requlres the trustees to prepare financlal statements for each flnanclal year In STRATEGIC REPORT 20. accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Stsndards and applicable lawl. Under company law the trustees must not approve the financial slatements unless theyare satisfied thatthey 8ive a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required I'o.. > select suitable accountin8 policies and then applythem consistently > make judgements and accounting estimates that are reasonable and prudent > state whetherapplicable UKAccountlng Standards have been followed, subject to any materi31 departures disclosed and explained in the financial statements > prepare the financial statements on the going concern basis unless it is inappropriate to .presume that the charity will continue in business. Our trustees are responsible for keepin8 adequate 3ccountin8 records that are sufficient to show and explain the charity's transactionsand disclose with reasonable accuracy at any time the f inancial position of the chari L'y a nd enable 11)em to ensure that the fi nancial statements comply with the CompaniesAct 2006. They are also responsible for safeguardin8 the assets of the charityand takin8 reasonable steps to prevent and detect fraud and other irregularities. These financial statements are PLiblished on ourwebsite in accordance with UK legislation governing the preparation and dissemination of financial statements. The maintenance and integrity of the website is the responsibility of the trustees. The trustees, responsibility also extends to the ongoing integrity of the financial statements published. ADVISERS 21. Advisers Auditors Solicitors Kln85wood Allotts, Chartered Accountsnts Sidlngs Court Lakeslde. Doncaster DN45NU Ever5hed5 Cloth Hall Court Infirniary Street Leeds LSI 2JB Stapleton Gardner & Co Stonelei8h House Commerclal Street Morley Leeds LS27 8HN Bankers The Co-operatlve Bank plc P.0. Box 101 l Balloon Street Manchester M60 4EP THE BOARD OFTRUSTEES 22. The Board of Trustees The trustees (who are the directors of the company in accordancewith thecompanies Act 20061 on the date of approval of this report, or who serv.ed as trustees at any tlme during the year reported on, are as follows. Nominated trustees Davicl Blackburn First appolnted September 2023 May 2013 July 1999 March 2023 Last appointed Retiredlresigned Resigned June 2024 Elaine Blezard AGM 2021 Peter Cooper Stuart Heptinstall David Jones AGM 2021 Resigned June 2023 Resigned June 2024 January 2024 January 2021 January 2021 September 2023 September 2023 September 2023 Antony Nelson John Readshaw AGM 2021 AGM 2021 Steve Shaw-Wri8ht Arnold Warneken AGM 2023 AGM 2023 Paul Wray AGM 2023 Co-opted trustees Alexena Cayless Trevor Lincoln Heeiia Mahmood First appointed September 2023 January 2021 September 2023 March 2022 Last appointed AGM 2023 Retiredlresigned AGM 2021 AGM 2023 Jessica Malone AGM 2022 Reslgned Sept 2023 AGM 2023 Resigned June. 2024 AGM 2023 Azizur Rehman September 2023 September.2023 March 2022 September 2023 March 2022 Nicholas Robinson Helen SutclSffe AGM 2022 Resigned.Sept 2023 Gary Willlams Dan Wilson AGM 2023 AGM 2022 Company Secretsry Sarah Munro COMMrrrEES OFTHE BOARD Comrnittees & Tradln8 Companles Business Oevelopment Committee Chair- Dan Wilson Finance Commlttee Chair - Trevor Lincoln Governance & Compliance Comrnlttee Chair - vacant HR Commlttee Chair- John Readshaw Groundwork Prlde Llmlted Chalr- Peter Cooper Whltwood Golf Club Limlted Chalr- Peter Cooper Executlve Dlrector Adrian Curtls Events after the year end Dlsclosure of informatlon by the trustees to the audltor Each of the trustees has confirmed that, so faras they are aware, there Is no relevantaudlt Information of which Groundwork YDrk5hire's audltor Is unaware. an¢ that they havetsken all the Steps thattheyou8htto have tsken as a trustee In order to make themselves awareof any relevantaudlt informatlon and to establlsh that Groundwork Yorkshlre's audltor15 aware cf that Informatlon. Slgned on behalf of the Board of Trustees Antony Nelson, Chlr 26 September 2024 24. Inde gndènt Auditors. Re ort lo the Trustee rk Y rksh- Oplnlon We have audited the financlal slalements ol Groundwork Yorkshire Limited and ils subsldiaries for thè year ended 31 March 2024 on pages 26 to 43. The financial reporting framewoik thal has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard Applicable in the United Kingdom and Republic of Irèland (United Kingdom Gen8rally Accepted Accounllng Pra¢licel. In our opinion, the financial stalements.. give a tru8 and fair view of th8 Stale of the gioup's and charitable cornpany's affairs as al 31 March 2024 and ol the gioup'8 incoming resources and application of resources, including its incomo and expenditure, for Ihe year then endeé.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounling Practice.. and have been prepared in accordance with the raquiremenis of Ihe Charilies Act 2011. Basis for opinion We Conducted our audil in accordance with Inlemalional Standards on Auditing IUKI IISAS IUKII 8nd applicable law. Our responslbllllies under those slandards are further described In the Audilor's responsibilili6s for the audit ol the financial statements section of our report. We are independent ol the group and charilable company in accordance wilh the ethical requirements that are relevant lo OUT audit of the financial statements in the UK, including th& FRC'S Eihical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requiremenls. We believe Ihai the audit evidence we have obtained is sufficient and approprlale lo provide a basis for our opinion. Conclusions r•latlng to golng concern Sn auditing Ihe financial slalemenls. we have concluded that Ihe trustees. use of ihe going concern basis of accounting In the preparation of the financial slalements is appropriat8. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may ¢a$l significant doubl on the company's ability lo continue as a going concern loi a period ol al least twelve months Irom when the financial slalem&nls are authorised lor issue, Our responsibilities and the responsibilities ol the trustees with respect lo going concem are described in the relevant seclions ol this report. Other Informatlon The oiher information comprises the informalion included in the Iruslees annual report, other Ihan the financial slalemenls and our audilor's report Ihereon. The Iruslees are responsible for Ihe other informalion contained within the annual report. Our opinion on the financial slalem8nts does nol cover the olher informallon and. except lo the exlenl olherwise explicSlly 51aled In our report, we do not expr855 any forrn ol assurance conclusion Ih&reon. Our responsibility is lo read the other information and. in doing so, consider whether the other information is materially inconslslenl with the financl81 slalemenls or our knowledge oblained In the course ol the audit or otherwise appears lo be malerlally misslaled. If we idenilfy such material inconsislencles or apparent malerlal misstslemenls. we are required lo delermine whether this glves rise lo a material misslalemenl in the financial slalemenls themselves. If, based on the work we have performed, we conclude Ihal Ihere is a material misslalemenl of this other information, we are required lo report Ihal fact. We have nothing lo report in Ihls regard. Matters on whlch we are requlred to report by exception We have nothing lo report in respect ol Ihe following rnall8rs where lh8 Charities (Accounts and R8portsl Regulations 2008 requires us lo report lo you if. in oui opinlon.. the information given In the financial slalements is inconsislenl in any material respect wlh the Iruslees'report: or Ihe charitable company has not kept adequate accounting records., or the financial slalemenls are not in agreement wllh th8 ac¢ounllng records and returns. we have not received all Ihe infomialion and explanalions we require for our audit. Responslbllltles of truslees As explained more fully in the trustees. responsibilities statement sel oul on page 19 and 20, the Iruslees {who are also Ihe directors of Ihe charilable company for the purposes of company law) are responsible for the preparation of the financial slalements and for being satisfied that they give a true and fair view. and for such inlemal conlrol s the trustees determine is necessary lo enable the prepèrallon of financial statements Ihal are free Irom malerial misstslement, whether due lo fraud or error. 25. endent Audlto Groundwo o th• Trust ire Lim•ted co In preparing the financial statèments, the trustees are responsible lor assessing the group and charitable company's ability lo continue as a going concern. di5c105ing, as applicable, matters related to going concern and using the going concern bas15 01 accounting unless Ihe Iruslees èither intend lo liquidate the chanlable company or lo cease operations. or have no realistic alternative bul to do so. AudStor responslbllltles for the audlt of the flnanclal statements We have been appointed auditor under seclion 151 of the Charilies Act 2011 and rèport in accordance wllh that Act. Our objectives are lo obtain reasonable assurance aboul whether the financial slalements as 8 whole are free from material misstalemenl, whelher due lo fraud or error, and to Issue an audilor's report that include5 our oplnlon. Reasonable assurance is a hlgh level of assurance, bul Is not a guarantee that an audit conducted In accordance wllh ISAS (UK) will always delecl a m81erial misstalemenl when il exisls. Mlsslalemenls can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be exp8cled lo influence Ihe economi¢ decisions of users taken on the basis of these financial slalements. Irregularities, including fraufj, are instances of non￿oMplI8nce wilh laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delecl material misstalemenls in respect of irregularities, including fraud. The specific procedure5 for this engagement and the extent to which these are capabl8 ol delecling irregularities. including fraud is detailed below.. Enquiry of management around actual and potential litigalion and Claims and fraud; Enquiry of management and review of expendlluro lo identify any Instances of non-complian¢e with laws and regulation5; Performing aLtdil work over the rlsk of management Override of controls. including review of nominal18dger transactions and other adjvslmenls lor appropri81ene$s and evaluating the business rationale of Bny slgnificanl Ir8nsa¢lions outside the normal course of buslne$s', Reviewing accounllng eslimales for bias. In parllcular management assumptions and ludgemenls in respect otT income recognition. Because of the inherent Ilmllatlons of an audit. Iherels a risk Ihal we wlll not delecl 811 Irre9ularilles, Including those leading to 8 malerlal misslalemenl in the financial slalemenls or non-compliance wilh regulation. This risk increases the more that compliance with a law or regulalion is removed from the evenls and transactions refleclgd in the financial slalemenls, as we wll be16ss likely lo become aware of instances of non-¢ompliance. The risk is 8lso greaier regardlng irregularities occuriing due lo fraud rather than effor, 88 fraud Involves . Intentional concealment, lorgery. Qolluslon, omlsslon or misrepres8nlalion. 'A further description ol our responslbilitles for the audit of the financial statements is localed on the . Financial Reporting Council's webs118 at.. www.frc,org.uklauditorsT8sponsibililies. This dgscriplion lorms part ol our audilor's report Use of our report This report is made solely to the charitabl& company's Injslees, as a body, In accordance with Part 4 of Ihe Chafilies IAcGounls and Reports) Regulations 2008. Our audil work has been undertaken so that we mighl slate lo Ihe charity's trustees those malleis we are required lo stale lo them in an audilors, report and for no other purpose. To the fullest extenl peimilled by law. we do not ac¢epl or assume re5ponsibilily lo anyone other than the charitable company and the charilable company's Iru5tee5 as a body. for our audit work, for this report, or for the opinions we have formed. k.,a JUJJ4fj L,UJ Kingswood Allotts Limited Chartered Accounlanls Slalulory Auditor Sidings Court Lakesde Doncaster South Yorkshire ON4 SNU Dale.. 27 November 2024 Kingswood Allolls Limited is 8ligibl8 10 8Ct as an audlior in lemis of section 1212 01 the Companie$ Act 2006 Groundwork Yofkshiro Llmited 26. Congolldated Statement of Flnancial ¢tiviti Includin Incom For the Year Ended 31 March 2024 ndEx ?ndllure Account Restrictod Rostrlctod Flxod As8Ot Fund8 Funds 01.04.23 01.04.23 lo 31.03.24 Unrostrlctod Funds 01.04.23 to 31.03,24 Note Totsl Funds 01.04.23 to 31.03.24 Total Fundg 01.04.22 to 31.03.23 31.03.24 INCOME FROM Donallons Charitable aclivllies Other trading activitie5 Invoslmenls Olhèr 204,707 1,697,418 875,086 80.887 204.707 4,842,449 875.086 80.887 215.521 4,944.592 865,524 42,200 3,145.031 11 2.838.098 3,145,031 6.003,129 6.067,837 EXPENDITURE ON Rai8in9 funds Other Irading a¢tivilles Inve$lmenl management Ch8rilable acliviues Exceptional coronavirus cosls Pension scheme odlu5tmonl8 11 884,317 53,542 1.891,812 884,317 53.542 5.036,843 853,488 33,500 4.986,376 3,145,031 16 70,000 5,943,364 2.829 671 3.145,031 5.974,702 Losses on Inveslmenl property unrealised 11 350.000 NET IEXPENDITURE)I INCOME FOR THE YEAR 28,427 28,427 {225,5271 TrAngfors b•tweèn fund• 19 OTHER RECOGNISED GAINSI {LOSSES) Pgnslon scheme actuarial 1108605119aln8 16. 1,460,000 Mln¢rity Inter•st adjustment 11 NET MOVEMENT IN FUNOS 28,427 1234,473 RECONCSLIATION OF FUNDS Fund b•lances brought lO￿ard 37.977 900.000 937.977 1296,4981 Nel movement In funds 28.427 28,427 1,234,473 Fund balances carrled forward 86.404 900.000 966,404 937.977 The notes allached form part of these financial 8lalemenls. 27. Groun work Y rk hl Llmlted Gom an numbei 2202681 Consolldated ants Com an Balan¢t Sheets 31 March 2024 Group Compwny 2024 2023 Notes 2024 2023 FIXED ASSETS Tangible Assels Inveslmenls Invesimenl property 10 11 11 248.318 2SO.797 35.483 251 900.000 935.734 37,746 251 900,000 837,997 900,000 1,148.318 900.000 1.150.797 CURRENT ASs￿s Slo¢k and work in progress Deblors Cash al bank and in hand 47.896 42,083 9,542 18.688 1,580.507 1,372.986 1,686,510 1.334,66S 242,422 385,474 205,241 350,133 1,850,625 1.800.523 1,901,293 1.703.486 13 {1.538.923) 11.441,604) (1,213.D581 1967.484} 12 CREOITORS.. falling dug wlthln one yo8r NET CURRENT ASSETS 311.702 3S8,919 686.235 736,002 TOTAL ASSETS LESS CURRENT LIABILITIES 1,460.020 1,509.716 1,823.969 1.873,999 CREDITORS.. falling duo after one year 13 (493,6161 1571,739) (421.321) 1493,661) NET ASSETS BEFORE PENSION DEFICIT 966,404 937.977 1,202,648 1.180,338 Ponsion schem• $urpluJ I (deficit) 16 NET ILIA81LITies) l ASSETS 966.404 937,977 1.202,648 1 180,338 FUNDS Unrestrlctod Fund8 General Fund Pension Reserve 18,19 18,19 66.404 37,977 302.648 280,338 66.404 37,977 302,648 280,338 RgBtrlctgd Fund$ Restri¢lod Flxed A86et Funds 18,19 18.19 900,000 966.404 900,000 937,977 900.000 1.202.648 900,000 1.180,338 MINORITY INTEREST 11 966,404 937 977 1 202.648 1.180,338 For Ihe y6ar endin9 31 March 2024 ihe company wa$ enlilled lo exemption from audil under sèction 477 of Ihe Companle$ Acl 2006 felalirtg 10 8mall ¢ompani•s bul a8 Ihls ¢ompany13 a charlty. il is subject lo audll under the Charilles Act 2011. Dlre¢lors' re$ponsibilllies-. The membeis have not reqvired Iho company lo oblaln an Audit of Itg ac￿￿0￿ tor the year In qLie8llon In acctsrdance wlth section 476; The directors acknowledge their responsibilities for complyin9 wih the fequlrements of the Act with respect lo 8¢counting records and the preparallon of the a¢counl$. These finandal slalemenls have bpen prepared in accordance wilh the speclal provl"slons of the Companies Acl 2006 relaling Io Small companie5 and with the Finandal Reporttnp Standard 102.. Thg Finonciel Roportlng Sl8nd&rd Applicablfj in the Uniled ltingdom and Republlc oflreland. The finoncial slatemenis approved by the truslees on . 2610912024 and a￿ signed on ils behalf by A NELSON... Chalman 28. Groundwork Yorkghiro Llmited Consolidated Stattrmenl of Cash Flows Forthe Yea Ended 31 March 2024 2024 2023 Cash flow from opor4ting activities 32,181 303.359 Cash flow from Invéstlng aetlvltles Investment income Investment management Capiial grants received Sale of fixed assets Purchase of fixed assets 80.887 (53,542> 42.200 (33,500} 53,821 26,276 40.890 32.1901 Cash flow from Iln•n¢lng •¢tlvltles Loan borrowTrn95 Loan repayments Loan interest Flnance lease payments Finan¢e lease inlerest (70.554) (14,0411 (108,81 $1 (17.8901 84,595 128.705 Changfr In cash Co¥h al $18rf of perioo . Cash 81 enLY of period 1143.052) 385.474 242,422 144.464 241,010 385 474 Re onclllatlon of In¢0 e.and Ex ndlt re ratl C hFI 2024 2023 Nei Income l expenditure Depreciatlon Pension scheme adjustment Investment income Inveslmenl management Loan Interest Rovaluauon of investment property Change in stock Change in deblors Change in creditors Loss on dlsposal of Ifxed 0s8els 28.427 S4,710 1225,527) 59,477 70,000 (42.200) 33.500 17,890 350,000 (24,792) 819,253 1754,2421 <80.887} 53.542 14,041 15.833) 1187,521) 89,750 1.390 303 359 Anal sls of Cash and Cash E ulval¢n 2024 2023 Cash at bank and In hand 242.422 385,474 N• Debt 2023 Ca$hflow 2024 Cash Bank108n Oiher loan6 385,474 (34.0581 647,370 295.954 (143.0521 9.930 60,824 2.498 242.422 124.128> 586,746 368,452 Groundwo k Yorkshiro Lirni èd 29. Notgs to thè Financial St3t8ments For thg Year Ended 31 March 2024 1 ACCOUNTING POLICIES a) Accotsntin9 ConvenliDn and Basis ol Preparin9 Ihe Financial Sialemenis The financial slalemenls have been prepared under the hisloriGal cosl"convent¢on as modilled by the revaluauon of inveslmenl property, in accordan￿ with FRS102.' The Finan￿al Repo￿.ng Stsndard Applicable in the Unlled King£Jom and Republic of Ifeland, the Ststernent ol Recommended Practlce.. Accovnllng and Repo￿n0 by Charities IFRS1021, Ihe Chafille$ Act 2011 and the Companies Act 2006, The charlty is a public benefit entity. Th• group ha$ net liablltles ex¢ludlng fix¢d a9891s. The going concern b9818 88$umes th81 suificienl fundlng wlll continue to be secured Irom an incre•61ng range of lunding sourc4s. Our Fomard Order Book, indicate thal. overall, a promi8lng proportlon of our fundlng lor the year Is now in place, based on confirrned conlracls. We have a reasonable level ol ¢onfidenco. b3sed on development Work thèl18 alie3dy 81 an advanced glage, for another significant proportion. New opportunlties continue lo be explor8d. Our Tr4dln9 Companies continue lo make a po$lliv¢ finan¢l81 conlrfbution. GPL has a strong forward order book lor Ihè nexl years. and m•mbernhlp of our 9011 clubj al Whltwoo¢Y and Springhèad ha$ bèèn gfowlng steadily. Th• company ha$ merged wllh Groundwofk North"York8hlfe and Tho Leed8 Groundwofk Trust and acquired part of tho business of Groundwork Sovlh Yorkshlre. The Board Iherelore con8lders il appropriale lo prepara the a¢￿*unIS on 8 golng concem basls. bl Group Flnonoal S181emenls These financial slalement6 consolidate the accotsnls of Ihe charSty and its subsidigry undertaklngs. all of whlch afe made up lo 31 March. on 8 Ilne by Ilne bas1$. Transactlons be￿een group companies 8re eliminated on consolidauon. No Statement ol Flnanclal Acuvltles Is presented lor Ihe charity alone. cl Company Stslu$ Groundwork Yorkshife Limited is a ¢ompany limited by guarantee. The guaranlor$ are The Federation of Groundivork Trusts. Wakefield Metropolitan Distrlcl Councll. Leeds City Coundl and North York6hlre Councll. Tho liabilily In Tespecl ol Ihe. 9uaranl88, as sel out in.lhe mernorandum. Is limlted lo 11 per member, dl Fund Accounting Funds held by the ¢harity arè either.. Unreslrfcled oeneral fund5 - these are fund8 which can be used in accordance wllh the thgrilable objects al Ihé discrelion of the Iruslees. Reslrfcled fvnd$ - Ihese are funds Ihat Can only be u$eO for $pec4fi¢ restricted purposes wilhln Ihe objects ol the chartty. Reslricllons ariso when 8pecified by the donor Of granl maklng body Of when funds are ralsed for partjcular restricted PUfpose$. Grou work Yorkshirè Limitéd 30. Notes to thè Financial State For the Y¢ar Ended 31 March 2024 1 ACCOUNTING POLICIES e) Income Income is recognised in the Siaiemenl ol Financial.Aclivilles (SOFA) when the Gharity has entidement to the hJnd$, any performance conditions havo been m¢1. ihe amount can be measured reliobty 8nd il is probablv that lh¢ inMme will be iecgived. F.or donations to be recognised the chaiity will have been notified of the amounts and the seluement dale in writing. If there ale ￿nditionS allached to the donation and this requires a levol of performance beloie enlillemenl Gan be obtained then income Is delerretj unlil Ihose conditions are lully mel or th8 fuifillmenl ol Ih03e ￿ndItions is wilhin the ￿ntrol ot the charity and il is probable ihat.they will be fulfllled. Donated fa¢ilities and don3led profèssional serwices are recognised in incomo al thèir lair value when their ewnomic benefit is probable, il can be measured rellably and the charity has control over the ilem. Fair value Is det8milned on Ihe b8$1s ol the value of the gift lo Ihe chaiity. Foi example the amount Ihe harily would be wlling lo pay in the open market for such facilities and $en4lGe$. A corresponding 8mounl 1$ re¢ognised In expendllure, No amount Is In¢Jud•d.In th• flnanttial 8tatemenl3 lor volunteer lima In lin• vhu) the SORP (FRS 102). Fixed assel gift$ in kind.afe recognised when receivable and are Included at fair value. They are not deferred over the life of the asset. Income from Iradlng actlviues indvdes Income earned fiom lundral8ing events ond trading aclivilieg 10 ralse funds for the charity. Income Is received in exchange for supplying goods and $ervlc6s Sn order lo ralso fvnds and 1$ re¢ogni$e*J when enllllemenl has occurred. Chanlablo aclivilie5.' income from charitable 8cllvllie8 19 accounted for *knen eamed for servlce ￿nI￿aG{s. Where grants are eonsidered lo be performance related, income is re¢ognised lo the e*ienl that the se￿1¢e$ outlined had been performed by the year end, Where in¢ome has been re￿4ved bul the relaled service hacl nol been perfonned by Ihe ye31 end, the balance Is carrled lop￿rd a8 deferred in￿Me. Investment In￿me i¥ earned Ihrough holding assets for inveslfnenl purposes.such a5 share3 and property. li Includes dividends, inleregt and rent. Where it Is nol pra¢li¢able to identify inve81menl management ¢ostJ Incurred within a schemo wllh re•gonable 8¢curacy the investmenl income 18 reported nel ol Ihe8e cost8. 11 is Included when Ihe amgunt Gan be measured reliably. Intefesl Inwrne is recognlsed using the effective inleie51 melhod and dlvldend and (enl ineome is re￿gnised as the charrty's right to recelve poymenl Is established. Where conLracts Include success lees thls Income is not recognlsed unb'l the targets have begn achieved. Where ath'vltses have been undertaken that are expecled to.lead to fulure success fees th'll Is Induded al cost in work in progres$. Groundwork Yorkshir• Li ited Ji. Note8 to the Financlal Ststemgnts or tho Yèar Endéd 31 March 2024 1 ACCOUNTING POLICIES O Resources Expended All expenditure 18 accA)vnled for on an accruals basis and has been classifled under headings Ihal aggregale all costs related to the cgle90ry. &pendilure is iecogni5ed where there is a legal or constructive obligation lo make payments lo Ihird partles.1118 probable that the settlement will be required and the amount ol the obli9ation can be measu￿￿ rellably.1116 ￿tegorised under Ihe follo￿ng headings.. Cosls ol other trading a¢llvili&$ includos the c051$ ol the group's non5 years straight Ilne over 3 years stfai9tt1 line over 3 years 8tralghl Ilno over 20 years straiohl lin8 h) Corporallon tax The company 16 exempt from corporation lax on 11$ ¢hadiablé acllvities. 11 Investment properly PfOP9rty held lo eam rent or capll81 appreciallon IJ valued al fair v3'1ue. j) Debtors Tfède and other debtors are ￿ cognised al Ihe $eitlemanl amount due after any Ir3de Oi5counl offered and future intere61. kl Credilors and provisions Creditors and Provision$ are recognis¢d wh.ere the chaiity has 8 present obligation resultlng ffom a pa¥1 event that will probably resull in the Iransfef ol hJnd$ lo a third party and Ihe amounl due lo sellle the obllgaiion can be measured or e$timaled reliably. Creditors and provisions are normally recognl8ed at Iheir setdemenl amount after allowng for ony Irade discounls due and fu.ture inleresl. Groundwork Yorkshire Limited 32. Notes to the Flnanclal Statements For the Year Ended 31 March 2024 1 ACCOUNTING POLICIES 11 Slock Stock is valued al the lower of cost and nel realisable value on a first in first out basis. ml Pènsion costs The company makes contributions to the Wesl Yorkshire Local Government Superannuation Fund, a defined benelll scheme. The scheme is a funded multi-employer scheme and the assets are held separately from Ihose of the company in sepa121e trustee administered lunds. Pension 5Gheme assets are measured at fair value and liabililies are measured on an actuarial b3sls uslng Ihe projected unit credit melhod and discounted al a rale equivalent lo the current rate ol return on a high quality corporate bond of equivalent term and currency lo the liabilities. The actuarial valuations are obtained al leasl Iriennially and are updaled al each balance sheet dale. The amounls charged to operating surplus are the currenl service cosls and Ihe costs ol schema inlroduclions, benetil changes, 5ettlemenls and curtailments. They are included as part of staff costs as as incurred. Nel Inlefesl on Ihe net defined benefll li8bilitylassel is also recognised in the Slalemenl ol Financial Aclivilies and comprises the inleresl Cosl on Ihe denned benefit obligation and Inleresl income on Ihe scheme assets. Galculaled by multiplying Ihe fair value of Ihe scheme assets al Ihe beginnin9 of the period by the rate used lo discount the benefit obligations. The diHeren¢e be￿een the interest Income on the scheme assets and'lhe actual relum on the scheme assels is iecognised in oLher recognised gains and losses. A¢luarial g8ins and losses are recognlsed Immediately in other recognlsed galns and losses. A nel penslon assel is recognised where il is supported by a righl lo redu¢e Contributions due. n) Crllical accounting eslimale$ end assumptions Eslimaies and judgements are continually evalualed and are based on historical experience and other lactors. inclvding expectations of fulure events that are belSeved lo be reasonable under the circumslances. The group m8kes estimates and assumptions concerning the fulijre. The resulLing accounting eslimales and assumplions will, by definition, seldom equal Ihe related actual results. The eslimales and assumptions Ihal have a 5ignilicanl iisk ol causing 8 material adjuslmenl lo Ihe Gairying amounts. of assets and liabilities within the next rin8nci81 year are discussed below. The present value ol the Local Government Pension Scheme defined benefit liability depends on a number of laclors Ihal are determined on an acluarial basis using a variety of assumptions. The assumptions used in delerminlng the nel cosl {incomel for pensions include the dlscounl rate. Any changes in these assumptions, which are disclosed in the notes, will impact Ihe carrying amounl ol Ihe pension liability. Furthennofe a ioll fomard approach whlch projects results trom the lalesl full acluafial valuatlon has been useis by Ihe actuary in valuin9 the pensions liability at 31 March 2024. Any diNerence5 between the figures derived from the roll fofward appioach and a full actuarial valuation would impa¢l on the carrying amount of Ihe pension liability. Groundwork Yorkshire Limited 33. Notes to th Flnancla Statements Forlhe Year Ended 31 MarGh 2024 2 DONATIONS Rttstricled R8Strictod Flxed Assot Funds Funds 2024 2024 Unrostrlcted Funds 2024 Totsl Funds 2024 Totsl Funds 2023 Core lundlng Other 53,870 150.837 204 707 53,870 15Q.837 204 707 57,645 157.876 215521 3 CHARITABLE ACTIVITIES Rostrlcted Regtrlct•d Flxod Assèt Fund Fund¥ 2024 2024 Unrestrlcted Fund8 2024 Total Fund¥ 2024 Total Funds 2023 Income: Community projecls Land prolecls Employment prole¢lJ Business project$ 627,347 501.583 588,488 2,451.458 693,573 3,078,805 1.195.158 568,488 2,942,288 907,967 1,094.337 1 697418 3 145 031 4 842 449 4 944 592 Expondlturo: Community projects Land pTojecl$ Employment projeds Bii$ln8s$ proj8¢18 865,514 278.621 947,677 2.451,458 693.573 3,116.972 972.194 947.677 2,954,477 890.836 1,341,083 1891 812 3 145031 S 036 843 4 986 376 Dlrect Costs 2024 Support Costs 2024 Totsl Costs 2024 Total Cost8 2023 Exp9ndltur• ccmprl$•d: Community projects Land projec¢8 Employment prolecis Education Pfojecls Buslness project8 2.543,061 728.733 700.549 573.911 3,118,972 243.461 972.194 247,128 947,677 2,954.477 690.836 1,341.063 3 972 343 1 084 500 5 036 843 4 986 376 4 INCOME FROM INVESTMENTS Rofytflctod Restri¢tod Fixed Asset Funds Funds 2024 2024 Unre9trlcted Funds 2024 Total Funds 2024 Total Funds 202J Bank Interest Rental income 80'.887 80,887 Groundw rk Y rkshire Lirnited 34. Notes lo the Flnan For Ihe Year Ended 31 March 2024 S SUPPORT COSTS Communlty Lind Employment euslne•s Total 2023 Slaff costs Travel Marketlng Premises Communicallons Profession81 lees Insurance Sundry 390,073 2,447 888 34,494 13.208 10.262 28,564 16,300 48,464 16,043 165,517 1,038 292 14,637 5,604 4,354 12,121 6,854 20.564 6,008 IS2.488 67,379. 236 2.184 708.076 70,864 1.216 S1,315 19.ya8 30,764 42,620 21.734 75,062 23.309 691,689 92,156 1.749 46,813 25,439 25.159 41,998 52,047 50,948 25.564 16,148 1,935 11.4201 6,034 458 Deprecialion ovam nc cosl Leg81 and professional Audil lees Non-4ydil services 13,368 5.672 381 523 247 128 19.42.1 6.319 1 079 300 523 1084 500 573911 243 461 6 GROUP INGOME AND EXPENDITURE 8Y FUND POR PRIOR YÉAR Rostrlrtgd Flx•d AgS•t Fund8 2023 Unr98trl¢ted Funds 2023 R¢strlGted Funds 2023 Total Funds 2023 INCOME FROM Oongllons Granls lor coronavlrus support Chorll8ble ocllvllles Olher Ira¢Jlng 8clivilies Investmen16 215,621 215.521 3.875,560 865.524 42,200 4,996 805 1.089,032 4,944,692 865.524 42.200 6,067 837 1.069,032 EXPENDITURE ON Ralsing lunds Other Iradlng activllies Invoslmenl Inanagemonl Ch8rilable a¢llville8 ExG8plional coronavlrus costs Pension scheme adluslmenls 853,488 33.500 3.635.073 853.488 33.500 4,988.376 1.351.303 70,000 4,592,061 70.000 5,943,384 1.351303 Losses on Inveslmenl property unrealised 350.000 350.WO NET IEXPENDITUReii INCOME FOR THE YEAR OTHER RECOGNISED GAINSI ILOSSES) Penglon Sch￿rne actuArf>l 1109898)I g#ln8 Mlnorlly Int9rest •dJu8lment NET MOVEMENT IN FUNDS 406,744 {282..2711 1350,0(10) 1225.527} 1,460.000 1,460.000 1866744 1234473 282 271 350 000 RECONCILIATION OF FUNDS Fund balances broughl foward.. Nel movemonl In fund8 Fund balances Garried forward 11.820,767) 1.868,744 282,271 282,271 1.230.000 350,000 1296.4961 1,234,473 937 977 Groundwork Yorkshire Limited 35. Notes to tho Financlal S ements For he Year Ended 31 March 2024 7 STAFF COSTS 2024 2023 Salaries and wages Social secufily costs Pension costs LGPS 8djustsnent 2,391.489 183.648 59,324 2,191.801 185,148 76,936 70.000 2,634.461 2,523.885 The above Includ88 Key managemont Pe￿onnel remunernilon 128.836 122.765 The 3V8rage monthly head count ol employees during the year. 8naly8ed by calegory, was.. Charilable activities 75 Tradin9 subsidiaries 42 117 67 106 1 employee earned over £60,OOOpa. 12023.. 1) 8 TRUSTEES Trustees were nol reinvnefated lof any servlces In the year. No Iruslees were reimbuised lor pef60nal expenAe6 properly Sncvrred in the pertomance ol their dulles as t￿Slee[2023.. no trustees). NET INCOMEIIEXPENDITUREI FOR THE YEAR 2024 2023 This 15 sialed aftei charging'.- Auditors. remunerauon {grou?I audit s•Ni¢a$ non-audil services 19,421 S23 14.041 54.710 19,421 6.319 17,890 59.477 Interest Depreciabon Bad debls Oporalingloase fenlal8 45.128 Government grants represent a sub81atitial part of the charity's income. and moslly fund specific costs whlch would nol b8 incurred had Ihe grant not been re¢eivod. Hen￿ the gffeGI on the results o19overnm•nl granls cannot bg quantified. 10 TANG18LE ASSET8 Group Golf courso and facilitlos Motor Proltr¢t Offbce Computer Vehlcles . Equipment Equipmont Equlpment Total COST Al l April 2023 Addition5 Dispo8al8 Al 31 March 2024 184,923 28,353 129,562 251,477 10,972 72,768 1.293 19,532 54,529 618,730 53.021 109,089 563,262 13,003 193276 118,272 188,182 13,003 OEPRECIATION Al l Aprfl 2023 Charge for year Eliminaled on dispos81 Al 31 Mareh 2024 45.1S2 11,108 81,158 15.544 11,900 84.802 190,358 13.096 76.267 127.187 51.265 13.393 387,933 54.710 107.699 314.944 1.569 56.260 1,569 45,126 NET BOOK VALUE Al 31 Marth 2024 Al 1 April 2023 137.016 119.771 31,470 48.404 58,995 61,119 11,434 9.403 21.503 248,318 250.797 Groundwork Yorkshire Llmited 36. Notos to the Financlal Statements For the Year Ended 31 March 2024 10 TANGIBLE ASSETS l¢ontinued) Comp)ny Motor V&hlcl Project Office Computèr s Equlpmont Equipment Equlpment Total COST Al 1 April 2023 Additions Disposals Al 31 March 2024 38.977 99.958 10.972 76,267 34.663 54,032 192,987 23,975 109,089 107,853 13.003 13,290) 25,687 1 J,003 34,SOO DEPRECIATION Al 1 April 2023 Charge lor year Ellminaled on dlsposal Al 31 M8f¢h 2024 22,087 7.795 11.901 17.961 98.326 2,851 76.267 24.910 34,809 12.633 155.222 24,846 107.700 72,370 1,569 1,589 27,910 NET BOOK VALUE At 31 Mai¢h 2024 Al l April 2023 7.706 16.890 9,753 1.632 11,434 6,590 37.745 11 INVESTMENTS Group 2024 Company 2024 2023 2023 Shares in subsidianos al cost Al 1 April 2023 Addilions Al 31 March 2024 251 251 251 251 Th• charily owns $1% of the ordinary 6hafe Caplial ol Groundwork Prtde Llmiled, a company reglstered in England and Wales. The rem8lnlno 49°A is owned by Groundwofk North Yorkshire. The subsidiary undertakes ènvlronmentsl projec13 ¥lmilar lo Ihose of the charity bul whl¢h, becausè of their lo¢atSon or nature ¢3nnol b4 undertaken by Ihe chafiti•8. Taxable profits are donated lo the charillos In proportion to the work done In each area. AAsels and liabilrbe$ are not owned In proportion lo the shareholdings but a$ agreed b$￿een Ihe companie8. The chafity own8 the whole Ofdinary share Capilal of.Job Match (UK) Limited, a company reglslergd in England and W818$. The subsldiary provides fecrvhmenl $ervi¢es18ilored to the needs ol beneficiaries ol the charills employment prole¢l¥. Any profits wtll be donaled lo the tharil'y. The resuK$ ol both companles afe Includod wlhin these consolldoted financi81 Jlaternenl$. on a line by line bas15. Groundwork Y rksh're Limited 37. Notes to Iho F nanciBI Statements Forthe Year Endod 31 March 2024 11 INVESTMENTS Icontlnued) A 5ummary.of tho subsidiorie5' Irading results Ipre consolldation adjuslmenls) is 8hown below. JMU GPL 2023 2024 2024 2023 Turnover Cost of sales G105s profil Administralive expenses Gift aid paymenl Interest rerEived and Dther incom• Nel profivlloss) 52.949 851.879 45,788 604,310 7,161 247,569 (6,7311 P32,843} 134.500 988,703 110,503 742.832 23.997 245,871 (22,8SOI 1208,8361 280 15,006 170 37.205 430 1,147 Assets LiabiliU•s Nel •$sets 1.624 48.362 46,738 360.940 538.910 177.970 469.861 662.837 192,976 47.177 47.166 Called up 6hare capltsl Proftt ond1058 account. 100 46,8381 100 178,070 17.7.970 loo 47.266 47,166 100 193,076 192.976 The charity owns lh8 thole ordinary Share capilal ol Whltwood Golf Club Llmiled, 8 Company reglslered In England and Wales and Inrworaled on 21 June 2012. The subsldlary oper8te8 ￿ 9011 ¢ouroe6. The ￿SuIts ol the Company are included wilhln Ihe5e con801idaled financial statements In a Separate lin8 in income from olher tradlng acUvi118$. A 8umm4ry of the subsidiarfs trading results li shown below. WGCL 2024 2023 Turnovor Cosl ol 3aleg Gross profil Administrab've expenses Inleresl recelvad and other Ino)me Nel profiU{Ios81 856.374 857,723 442,817 424,429 413,557 433.294 (443.822) (432,3981 20,948 18,261 9,317 Assets Li8bilits'es Nel assets 396.724 408,009 11.285 413.832 415,800 1.968 Called up Sha￿ capital Profil and loss aGcounl 100 11.385 11.285 100 1.968 Company reglstrallon numbers ol tha $ub8ldlarfes are Groundwoth Prlde Llmited 02871169 Job Match (UK) Limited 07677305 wh1￿¥00d Golf Club Limrled 08114265 ioundw Yorkshlr 38, Notes to the Flnancial Ststements For thè Yèar Ended 31 March 2024 11 INVESTMENTS (contlnuod) Group 2024 Company 2024 2023 2023 Inveslm8nl property Al 1 April Addlllons Reclassificatlon Revaluation Al 31 Mar¢h 900,000 1.250.000 900,000 1,250,000 350,000 900 000 350,000 900.000 900,000 900 000 The property was valued on an open market exlstlno use basis on 11 April 2023 by Feather Smalles Scales Chartered Surveyors. Had it not beÈn revalued11 would be held at the lollowng h1stori￿1 cost.. Cost 5 790,717 5790717 5 790,717 5 790.717 12 DEBTORS Group 2024 Company 2024 2023 2023 Tr3(5e debtor$ Other debtors Amounl owed by subsldiarles Prepayments and accfued Income 734,665 103,403 747,285 539,845 473.401 147,556 S25.708 1686.510 4S6,376 332,6S4 133,424 412,211 1 334.665 722,439 1,560 507 625,701 1372.986 .Included In the above are the following amounts due 8fter more than one year: Amount owed by 8ubsidiades 137381 148.599 13 CREDITORS (Amounts lalllng due wlthln one yejrl Group Company 2024 2023 2024 2023 Trade crediiors Soclal secvrlty'8nO oiher tax Other credilorg Bank loan Other loan9 AceruJl8 Delerre(S income Finance lease 612,290 212,648 17,085 10,170 107.088 279,444 300,198 727.OS9 145.239 81.490 9,915 99,774 83,454 294,673 380,952 188,101 10,667 10.170 62,165 2e7,601 293,402 455,662 152.156 14,045 9.915 60,634 14.886 260,186 1.538,923 1.441.604 1,213,058 967,484 CREDITORS {Arnount8 falllng dua aftar more than one y•arl Group Company 2024 2023 2024 2023 8ank loan Olher108ns 13,9sa 479.858 493,618 24,143 547,596 571.739 13,958 407,383 421.321 24,143 469518 493.881 Loans indude £191.479 {2023.' £266,060) due by Inslalmentj after more Ihan five years. Olher loans Include £469.51 812023.. E530,1521 secured on the charitys invesimenl propeity. Grou dwor or clal Stale ch 2024 39. o Yèar Ende 14 DEFERRED INCOME Group Company 2024 2023 2024 2023 Balance brought forward Income recelved Incorne releaBed io SOFA Balanco carrled foNA 294,673 5283,872 5278,347 XIO,19a 348,968 5.283,872 5 338.167 260,186 4.241,244 4.208,028 293 402 295,570 4.241,244 4,2TI.628 Income has been deferred because It relates to fU￿re 8¢￿UnI1n9 perlod8 as Btipulated by the thndofB or whore the condlbons Imposed have not yet been m•L 18 COMMITMENT8 2024 2023 C8plls1 expendlluro Contracled for The group had ronts due from Ils Inveslm•nt propertles a8 follo￿. Within one year In 8eeond lo ffiflh year 39.980 69.497 109487 34,590 57,347 Tho group had cornmltrn•nt8 under oporatlng lea801 a• folluw•: Wthln one year In second to Ilfth year 8,814 21.216 8,814 30,030 8,814 18 PENSIQN COST3 The company moke8 payments on behalf of employees to th• Wosl Yorkshlre P8n8lon Fund, It 51 a lund•d defined benefit schgme, wlth the as8e18 held In separale tni8lee-admlnlstered fund8. A full valuatlon was ¢arrted out al 31 March 2022 and YM8 last updated to 31 Marth 2024 by a quarrf￿d Independenl actuary. In 8ccordan2* wlth FRS 102, the penslon 8urplui has nat beèn recognlsed. M•Jor•ssumptlon$ 2024 2023 Rale of In¢rease In 691arfe8 Rate of Incro08e for pen8ion• Rale ol lTrflatlon (CPI) Dlseount rale 16 Ule a¥p•elan¢y assumptlons 2024 yoar8 21. 2023 yèarn 21.e Mglo Current pen8loner age 85 now At 65 for a mal8 luture pensloner aged 45 now Femal? Gurrent pensloner ago 65 now At 65 for a femal& future pensSoner aged 45 now 24.2 25.2 24.8 23.7 Groundwork Yorkshlre ited 40, Note$ to he Financial Sta For tl)e Yoar Endod 31 March 2024 16 PENSION COSTS l¢ontinued) Sh8re of assets and rnto ol return Value as at 2024 £000 3.639 389 192 128 82 151 4,581 1656) 3,925 Valufr a8 at 2023 £000 3,565 Equilies Govemmenl bonds Olher bonds Propprty CaBh Other Total market value ol assels Unre¢ognl$ed assel Pr8$enl value of scheme liabllille$ DeflcS1 203 146 102 93 4,414 13451 4,069 Movemenl in defielt 2024 £000 2023 £000 (1,3901 (461 Al 518rt ol year Current servlce charoe Employer ct)nlrlbudon8 Nel Inlgresvretvm on a8sets Aclvarial gainlOos51 Assel restrlGtion Al end of year (281 16 10 1371 1,805 345 Net Inter•sVretum on assets 2024 £000 203 187 16 2023 £000 119 156 137} Interest on a$$¢ts Inleregt on liabililles Olher adlustm•nts 16 37 Th& penslon deficll is nol expecled lo have any malerlal impact on the financial viability of Ihe of9gn1581ion. A full scheme valuaUon.13 undertaken every three years by Ihe $¢heme actuary whlch addresses the acilons necessary over the long term lo ensuie the susthlnèblllly ol Ihe West Yorkshire Penslon Fund. 17 RESULTS OF PARENT CHARITY 2024 2023 Income Gift aid donation from tradin9 Subsidlary Expenditure Pension schem¢ $urplvs Loss on inve$lmenl property Incréa$9 1{dguea8el in funds Total funds brought forward Total funds carried lorward 4.658,958 4.467.868 (4,636,648) (4.394.487) 1.460.000 350.000 1,183.381 3,043 1.180.338 22.310 1,180.338 1,202.648 Re$lA¢l¢d funds Unreslrtcled fund$ 900.000 302.848 1,202,648 900.000 280.338 1,180,338 Grou dwork hlre Umited tO8t • Flnanclal S 8 Ye8r Ended 31 ta ents h202 41. 18 ANALY513 OF ASSETS AND LIABILITIE8 BETWEEN FUNDS Ro8trlGt•d Flxed A88•t R•8trlclod Funds Funds Unra8trlct•d Funds Total Group Tanglbl8 r￿d a88•ts Investment propety Current assels Credltors due wlthln onè year CredStors due after ane year Penslon dellcit Net a8881• 248,318 248,318 900,000 1,709,981 1,850,625 (1,398,259) (1,538,923) (493.816) (493,616) 900.000 140,664 (140.664) 900 OCO Company Tanolble fixed asse18 Invagtments Inveslment pmpe Currenl asso18 Credltor& due ￿thIn on• y•ar Credilor$ due after one year Penslon defldt Net 488elJ 35,483 251 35.483 261 900,000 1,780,629 1.901,293 .072,394) (1.213,0581 (421,321) (421,3211 BOD,000 140,884 (140.864) 02 Rostrlcted Flxèd A¥s•t R•strfatsd Fund8 FundA Unro8trlBt•d Fund8 Totsl Gr4iup Tanglble fixed asBets Invèiiment pr¢p¢ty Current a58ets Credltors due withln one year Creditors due afler ono ya8r Nei assets 25D.797 250,79.7 900,000 1,687,088 1,800.523 11,328,187) (1,441,604) 571739 571739 937 977 900.000 113,437 (113,437) 00.00 Comp•ny Tanglble fixed a8801• Investments Inv8Blmenl property Cufr¢nl ao Creditor8 duo wlthln one year Creditor8 dua after one year Net ag•ot• 37,746 251 37,748 251 900.000 1,590,049 1.703.486 (854,047> (967,484) 493,661 493,661 280,338 1.180 338 900,ODO 113,437 {113,437) 900,000 Groundwork Yorkshlfe Llmited Notes t tho Flnan¢ial Sta gments F r the Year Ended 31 March 2024 42. 19 MOVEMENTS IN FUNDS Opening 8alan¢• In¢omln9 Resource$ Outgoing Resources Translern & Galnsllossg$ CI0slng Balanc? Restricied ggnernl fu.nds Communty projects Land prolects Employmenl projects 2,451.458 {2.451,458) 893,573 1693,573) 3.145,031 3.145.0311 Restricted Fixed Assot Funds 8usiness projects Unrestricted fund$ General funds Minority Inlerest Pen$lon reserve 900,000 900 000 37.977 2,858.098 (2,829,671) 66,404 37.977 2.858.099 2.829.671 66.404 Total funds 937.977 8,003,129 5,974.702 966 404 Uniestrlcled fvnd$ Bro the felained $Ltrpluses ol the group And are ovailable to be used lor any purpose speufied wthln the trusl'8 objectives and are the only lundi that are available lor use il Ihe di5Grellon of Ihe tru¥tees. Reslri¢led funds repre8enl un8penl bal8nces on grants received for Jpeciflc projects. The reslrlellons are generally imposed by Ihe funding body and often include the type ol expenditure allowed and geo9r8phical area ol projecl and Ihe aGlivily lo be 8UPPOrted. Reslricled fixed ass•1 funds represe'nt the net book value of fixed assets purchased Out ol resiricled fvnd$ 109elher wlth unexpended balBne45 on grants recelved for spec4fic prole¢ls where Ihe prolecl axpendllurts Is lo be capitalised as a fixed assel. Oponing Balanco Incomlng Relourcos Othgolng Ro>ourc Tr•n8fer¥ & Galn8llos•os C1081ng Bplanco Restrl¢tod genèral tunds Communlty prol•ct8 Land projècts Employmenl prole¢t$ 282,271 1,044,740 11.327,011} 24,292 1,069,032 24.292 1.351.303 282.271 Restrlcted Flxed A88et FundB 8usiness projects Unr05trict@d fund$ General fundj Minortty intBresl Pension re$eThe 1,250.000 350.000 900,000 {438,7871 4.998,805 (4.522,061) 37.977 1,390.000 1.828.767 70,00 4.592,081 1,460.000 1.480,000 4.998.805 Tot•1 funds 298 498 8,067.837 1.110.000 937.977 Groundwork York¥hlr* Llmlted 43. Noles to the Financial Staiemenls For the Ygar Ended 31 March 2024 20 RELATED PARTY TRANSACTIONS The Federalion of"Groundwork Tiv$ls, Wakefield Meliopolilan Disirfcl Council, Leeds Clty Councll. Noflh Yorkshire Coun¢ll are the member5 pf the Irusl. The Federallon ol Groundwork Tfusls Is also 8 member ol Groundwoth North Yothshlrg. 11 is also a member of The Leeds Groun(hvork Twsl, whlch has a subsldhiry unLlertaklng Groundwork Envtronmenlal Serv¢ces (Leeds) Limil¢d. Durlng Ihg year in the ordlnary course of buslness. the groL*P enlered tnlo Iransactlons wllh the above as lollow5. 2024 2023 Incoming r•8ourc05 The Federation of Groundwork Trusts Wakefigld Melropolilon Dlstri¢l Council Le8ds City Counol Selby DislriGI Councll North Yorkshire Coun¢il Groundwork North Yorkshlre The Leeds Groundwofk Trust Groundwofk Pride Llmited Whllwood Golf Club Llmlled JobM81eh (UK) Limiltd Groyndwork Yorkshire Limited 542,307 524,475 8,021 1,223,725 47.172 1,240,996 4,900 82,551 1.404 132.000 737 34.793 18,586 1.504 6,561 R•8ourc•¥ expond•d Tho Federallon Df.Groundwoik Tru618 Wakgfiold Melropolilan Dlslri¢l Councll Leeds Clly Councll Selby Dlstricl Council Groundwork Pdde Limllèd Groundviork North Yoikshlre Whliwoo¢J Goll Club Limlled JobM8lch IUKI Llmiled The Leeds Groundwork Trusl Groundwoth Yorkshlre Llmil¢d GroundNwrk Environmonl81 S&rvlce6 (Leeds) Llmiied 17,407 3,547 7,031 250 2,732 9,582 369,494 1,758 8,186 52,667 4,682 6,561 10,000 Debiors Th8 Federallon of Grotindwork Twsls Wakefield Mtslropolilon 0i5tri¢l Council Leed$ City Council Selby Distrlcl Councll Sèlby Town Coundl The Leeds Groundwork Trust Groundwork Pflde Limited Whihvood Goll Club Llmile¢J Jobmaich IUK) Umlled 33,453 68.553 277,358 273,255 18,228 5,7SO 85,881 256,672 222,040 39.731 4.974 Crodltorn Th& Federalion ol Groundwork TNs15 Wakef5eld Melropoli18n Oistricl Council Leeds Cty Countsl Groundwofk Pflde Llmlled Gioundwork North Yorkshir• Gioundwork Envirorimenlal Serylces ILeed6) Llmited 580 530,797 6,031 489,518 12.652 109.017 1,758 21 LEGAL FORM The charty is a piNale cornpany limiled by guaranleo and incorpofaled in England and Wales. 115 ieglstered office Bnd prinupal place of buslness Is Environment & 6uslness Cenlrn, Morlyn Rees Avenue, Morley, Leads. LS27 9SL The chaity provldes communlty-led envifonmenlal Improvements and If8lning OPPOrtunliles.