Charity Number: 529709 YORKSHIRE PHILOSOPHICAL SOCIErY TRUSTEES, REPORT AND FINANCIAL STATEMENTS for the year ended 31 DECEMBER 2024 UNAUDITED
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 310ECEMBER 2024 TRusfEES' REPORT AND AccouNrs CONTENTS puge Members of the board and professional advisors Trustees, report Independent examlnerfs report ststement of financlal activities Balance sheet io Notes to the financlal ststements 11-20
YORKSHIRE PHILOSOPHICAL SOCIErY FOR THE YEAR ENDED 31 DECEMBER 2024 MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS Trustees who are Officers of the Society Mr D Harbourne, Chair Miss C Brophy Lecture Secretary Prof T Hughes (appointed 25 June 20241 Mrs F Hurst, Hon Edltor Dr D A Nott, Commissioning Editor Mrs S Osgerby, Treasurer Dr R M Pinder, Vice Chalr Mrs C Y Smith, Vice-chair and acting Mlnute Secretary Prof G Thornas, Hon Web Officer Trustees who are not Officers of the Soclety DrAKGJones Prof A C Marvin Mrj Coulson Officers who are not a Trustee Mrs R Anderton, Hon Soclal Secretary Mr P Thornley, Chalr of YPS Geology Group Charity re815tered number: 529709 Principal office The Lodge Museum Gardens YORK, YOI 7DR Bankers Lloyds Bank PIC 2 Pavement YORK, YOI 2NE , Independent examiner Sarah Wearlng FCA DChA HPH Accountants LLP 54 Bootham YORK, Y030 7XZ Investment adviser Brewin Dolphin 10 Wellington Place LEEDS, LSI 4AN
YORKSHIRE PHILOSOPHICAL SOCIErY FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES, REPORT The Trustees present their annual report together with the unaudited financial statements of the Society for the year ended 31 December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice {SORP)"Accounting and Reporting by Charlties" in preparing the annual report and financial statements of the charity. The finanti31 statements have been prepared in atcordance with the accounting pollcies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. 5fRUCTURE GOVERNANCE AND MANAGEMENT a) Constltution The York5hlre Philosophlcal Society wa5 founded In 1822. It is governed by a Charlty Commlssion scheme dated 13 December 1960, which glves authority to the Laws of the Society. The Societycontinues to review and update its policies In accordance wlth Charity Commission and statutory guidance. b) The Trustees The Trustee5 who served the Soclety durlng the perlod were as follows: Mlss C 8rophy Mrj Coulson Mr D Harbourne (Chair) Prof T Hughes (appointed 25 June 2024) Mrs F Hurst {Hon Editor) DrAKGJones Professor A Marvln DrDANott Mrs S Osgerby (Hon Treasurer) Dr R M Pinder Ivice-chalrl Mrs C Y Smith {Vlce-Chalr) Prof G Thomas (Hon Web Edltorl c) Methods of appolntment or el•ction of Trustees The Trustees, who are all members of the governlng Councll. comprise between slx and twelve elected ordlnary members who are elected at the Annual General Meeting. All officers are nominated by Council and confirmed at the next Annual General Meeting and serve for a term of five years, which may be extended for a further term. There are various restrictions on length of service. Council also include5 the non-voting honorary president and vlce presidents and it has the powertofill casual vacancles including honorary officers. Professor Deborah Smith is honorary president of the Society; shels not a Trustee.
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REPORT STRucfuRE GOVERNANCE AND MANAGEMENT continued d) Organisattonal structure and decision-making policies The Council, which meets regularly, administers the charity and may delegate any of its powers to appointed Individuals, groups or committees in Complian with Settion 11 of the Trustee Att 2000. Officers are appointed by the Council. The post of Hon. Secretary has been advertised but 15 currently vacant. Minute taking and other aspects of the role have been undertaken by Vlce-chair, Mrs Carole Smith. The Hon. Treasurer, Mrs Sally Osgerby, presents financial reports to each Council meetingi drawing on records and supporting information prepared by the Clerk. e) Policies The Council ensure5 that the society Is GDPR compllant. The Chair is the Society's Data Protection Officer, The Soclety maintains a Safeguarding Policy. Miss Catherine Brophy is the Society's Safeguarding Reporting Officer. Startlng In November 2024 the Councll has commenced a full review of all policies and procedures. The first set of policies revlsed and adopted by the Council included: Flnanclal management and control pollcy and procedure Expense5 claimsi policy and procedures Anti-bribery and corruption policy Work also began on revising the following policies for adoption early in 2025: Safeguarding Lone working Complaint5 and grlevance OBJECTIVES AND ACTIVITIES a) Public Beneflt Statement The Trustees confirm that they have complied with their duty to have due re8ard to Charity Commisslon guidance on publlc benefit when exercising their power or duties. In setting objectives and planning for activities, the Trustees have given due consideration to general 8uidance published bythe Charity Commisslon relatingto public benefit, Includingthe guidance'Public benefit: running a charity IPB2)'. b) Objectives The mission of the Yorkshire Philosophical Society 15 to promote public understandin8 of the sclences, including social sciences and archaeology, especially but not excluslvely relating to Yorkshire, and their effects on society past, present and future. Key activities include a programme of public lectures, study days and multi-day educational tours. The SocSety supports academic excellence by the issue of grants and prizes. It supports partner projects, by. for instance, supporting the interests of the Yorkshire Museurn, it5 collections, and the Museum Gardens. The Society established the Yorkshire Museum and Gardens in the nineteenth century and maintains an interest in this highly successful regional museum and supports many of its activities with both grants and practical help from volunteers.
YORKSHIRE PHILOSOPHICAL SOUETY FOR THE YEAR ENDED 31 DECEM8ER 2024 TRUSTEES. REPORT OBJEcfivES AND ACTIVITIES continued c} Actlvitles The Soc7ety runs an annual programme of publlc Sectures between September and July, often with mini theme5. In 2023-4 there were lectures related to the collections in the Yorkshire Museum. The Society continued to hold lectures in person in the Tempest Anderson Lecture Theatre in the Yorkshire Museum and under the name'café Scientifique" at Mlcklegate Social and other clty centre locations. Lectures are occaslonally presented remotely, usin8 Zoom. The Society is an ally of The British Science Association IBSA). Lectures continue to be planned and held In partnership with other societies and groups Including the York Museums Trust; York Festival of Ideas; Yorkshire Geological Society; the University of Hull,. the Institution of Engineering and Technology North Yorkshire Branch; PLACE; the Royal Geographical Society,. and the Yorkshlre Gardens Trust. In September 2024 the Society and the Yorkshlre Geological Soclety hosted a symposlum, 'William Smlth Blcentenary Celebration: Geo Britannica In Northern England, to celebrate the 200th annlversary of the Soclety's first series of publlc lectures, delivered by the 8eologlst William Smlth. d) Educatlonal Excurslons The Activlties Group of the Soclety, in keepin8 With Its wider remlt of providing educatlonal and social activltie5 for members, organises several stimulating one-day vSsSts as well a5 longer study tours. The following visits took place in 2024: 28 February: Land of Iron - day trip to Sklnningrove 15 May: Visit to RHS Bridgewater, Salford 13 June., Vlslt to Southwell Minster and Workhouse 22 July: Visit to Markenfield Hall and Thornborou8h Henges 4 September: Vislt to the Stamford Brldge Tapestry Project 5 and 9 September.. Trailblazers Project History Workshops 22 September: William Smith - Scarborough town and South Bay trails 3 October". Blue Plaque walk around York 7-11 October: YPS Art and Science tour to Glasgow 23 October: Conducted tour around York Mlnster Preclnct e) Young People The Society's 2024 prlzes and awards Included the John and Anne Phlllips prlze, awarded to two thlrd-year geology undergraduates at the Unlverslty of Hull. In July the graduatlon ceremony and prizegivlng at the Department of Electronlc Engineerlngi Universlty of York, included Professor Andy Marvin presenting the 2024 Malden Owen Engineering Award and Malden Owen Physics Award. The Soclety also awarded the annual Herman Ramm and Charles Wellbeloved prizes to Archaeology students at the University of York.
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REPORT OBJEcfivES AND AcfiviTIES continued fj Trailblazers Project York Civic Trust with Make It York launched the Trailblazers Sculpture Trail in summer 2024 with funding from the Heritage Lottery Fund. The Society nominated Mary Kitson Clark, 1905-2005, as their Trailblazer for her contribution to Yorkshire Archaeologyi to the Philosophical Society and to the Yorkshire Museum. The Museum Gardens hosted a tansy beetle sculpture in her mernory and the Yorkshire Museum mounted a small display celebrating her work in the Museum entrance. In addition to the tansy beetle, the Society was one of 12 local groups granted an award to encourage involvement in heritage projects. particularly among new participants. We hosted small groups in York Explore library takingtheirfirst steps in researching local history as part of theTrailblazer's Community Project. York Museum Trust's Heritage Hunter's packwas the bas55 forth work, which included exploiin8free history resources such as the British NewspaperArchive. g) Worklng Partles The Lerture Planning Group sets a strategy for the lecture programme themes, workin8 wlth partners to host sorne Jolnt lectures. The Activitles Group develops plans for Instructive and educational trips, vlslts and study tours. The GeoloBY Group has provided a wealth of opportunitles for members, Including the John and Anne Phi11Sps prlze announcement and lecture, and Monthly updates onllne and In newsletters which highlight available online and In- person geological activlties. In October volunteers once again opened the YPS Lodgefor'york Unlocked" when many of the secrets of York buildin85 are opened forthe public. This yeartwo members also offered themed walks in Museum gardens. History display5 and fossil handling were offered, and we estimate that over 120 people visited during the day. ACHIEVEMENTS AND PERFORMANCE a) Revlew of actlvlt5es Membershlp stands at 494 at the year end. In 2024 48 people Jolned the 5oclety. Sadly, 8 members dled during the year. Participation in the lecture programmes has been malntalned: for in-person lectures attendance has varied from 55 to 180 and for online lectures participation was between 50 to 70 households. At Café Scientifique attendance has been between 15 and 40 participant5. b) Annual Report and Newsletters The 2023 annual report to members, whlch as usual Included the 2023 statement of accounts, was published in spring 2024 and posted to all members. Mrs Felicity Hurstserved as Hon. Editorand Dr Dorothy Nott as Commissioning Editor. The quarterly newsletter, edited by the Clerk, Miss Frances Chambers, continues to include a mixture of news and articles. As well as being available online the newsletter is sent by post to members without online access. FINANCIAL REVIEW a) Review and Going Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence on a going-concern basi5 for the foreseeable future. The going-concern principle governs preparation of the financial statements. Further details regarding its adoption can be found in the accounting policies.
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REPORT FINANCIAL REVIEW continued In 2024 the Society account5 continued to be managed on Xero online. We are grateful to Miss Frances Chambers, Clerk to the Society, for the smooth operation of this systern. A useful range of reports from Xero were available for Trustees in 2024. The Society received a generous bequest of £1,061 from the estate of Darrell Buttery, DL. By 31st December 2024 the principal investment portfolio, managed on our behalf by Brewin Dolphln, showed an unrealised gain of £23,137. Trustees are aware that these are long term investments but nevertheless regularfy review the portfolio. The gain of Investments of £23,137 {2023: galn of £16,873) has resulted in an overall Increase In funds of £18,685 {2023: increase of £10,817), whlch offsets the net loss of £4,452 {2023: net loss of £6,056). Total funds carrled fopNard are £478,208 {2023: £459,523), whlch includes endowment funds of £392,471 (2023: £372,970) and restrScted funds of £20,366 {2023: £20,799). Total unrestricted funds stand at £65,371 (2023: £65,754), of whlch £3,98712023: £3,987) has been designated for 5peclflc purposes. There Is a balance of £61,384 {2023: £61,767) in general funds. b) Investments The Society's Investment and Reserves Policy has four maln objectives: (l) to satisfy Charity Commisslon 8uldelines and requirernents;121 to establish appropriate funds for Specific purposes, to 8ive greater clarity to the Society's accounts.'131 to address the er05ion over time of the Society's funds; (41 to emphasise the need to protect the long- term sustainablllty of the Soclety and its charitable works. The Trustees are satisfied that reasonable long-term returns on Investment5 are being achleved within the bounds of reasonable risk, and sufficient income is generated to allow the various charitable activlties to be financed in sustainable manner. As noted above, fund values rose in 2024. c) Reserves The level of free reserves held by the Societyi which amounted to £61,384 on 31 December 2024 {2023: £61,767) covers the target ran8e of 6 to 12 months. operating costs. They also cushlon against unforeseen future events such a5 Increased costs, fluctuation5 In the stock market and investment income, or reduced income from subscriptions and educational excursions. The Trustees review the Investments and reserves on at least an annual basls. FUTURE PLAN Trustees are conslderlng way5 to recruit new members and In partlcular new Trustees who can take on officer roles. As many other longstandin8 voluntary societie5 are findln& recrultin8 new volunteers is becoming a problem although in 2024 there were new recrults. During 2024, the Trustees established objectives for recruiting and retaining a growing number of members over a five- year perlod, building the Society's activities and ensuring the Society's long-term financial viability. In 2025 the Trustees will promote public awareness of the Society through variou5 means including social media; make it easler to join the Society via a new online shop; and explore mutually beneficial relationships with kindred societies In and around York. The Society maintains close links with partner organisations, particularly with York Museums Trust, York Explore, other learned societies, and the Universlties of York, York St John and Hull.
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REPORT STATEMENT OF TRU5TEES' RESPONSIBILITIES The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and appllcation of resources, including Its Incorne and expenditure, forthat perlod. In preparin8 these financlal statements, the Trustees are required to: select suitable accounting policies and then apply them conslstentlyi observe the methods and principles of the Charities SORP (FRS 1021; make judgments and accounting estimates that are reasonable and prudent,. state whether appllcable UK Accounting Standards IFRS 102) have been followed, subject to any materlal departures disclosed and explained in the financial statements; prepare the financial statements on the goin8 concern basls unless it Is Inapproprlate to presume that the charity will continue in business. The Trustees are responsible for keeplng adequate accountlng records that are sufficlent to show and explain the charlty's transactions and disclose wlth reasonable accuracy at anytime thefinanclal posltion of the charlty and enable them to ensure that the financial staternents comply with the Charlties Act 2011, the Charity (Account5 and Reports) Regulations 2008 and the provlslons of the Charlty Commlssion Scheme. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and si8ned on their behalf by.. , Mr D W Harbourne CHAIR 8 MAY2025
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINEWS REPORT I report to the Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024. This report is made solely to the charity's Trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assurne responsibility to anyone other than the charity, the charity's members as a body and the charlty's Trustees as a body for my independent examlner's work, for this report, or for the opinions I have formed. Responsibilltles and basis of report As the charity's Trustees, you are responslble forthe preparation of the accounts in accordance with the requlrements of the Charities Act 20111'the Act,). I report In respect of my examlnatlon of the Trust's accounts carried out under section 145 of the 2011 Act and in carryin8 Out my examlnatlon, I have followed all the applicable Dlrectlons given by the Charlty Commission under section 145{51(bl of the Act. Independent examlner's statement I have completed my examlnation. I confirm that no materlal matters have corne to my attention In connection with the examination which gives me cause to believe that In, any material respect: accounting records were not kept in accordance wlth section 130 of the Charities Act; or 2. the accounts dld not accord wlth the accounting records: or 3. the accounts dld not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 otherthan any requlrement that the accounts give a 'true and fair, vlew which Is not a matter consldered as part of an independent examination. I have no concerns and have come across no other matters In connection wlth the examination to which attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. Sarah Wearing, FCA, DChA HPH, Chartered Accountants LLP 54 Bootham YORK Y030 7XZ 25 April 2025
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF FINANCIAL AcnviTIES IINCOME AND EXPENDITURE ACCOUNTI Unrestrirted Funds Restricted Endowment Funds Funds Year to Year to 31 Dec 2024 31 Dec 2023 Notes Income from: Donations and Legacies 12,478 500 12,978 17,990 Charltable Activities 497 7,165 7,662 7,152 Other Trading Actlvities 15 15 42 Investment Income 13,623 13,623 13,820 Total Income 26,613 7,665 34,278 39,004 Expenditure on: Raising Funds 4,083 4,083 3,918 Charitable Activities 21,181 12,966 500 34,647 41,142 Total Expenditure 25,264 12,966 500 38,730 45,060 Net Income 1,349 (5,301) 1500) 14,452) (6,056) Net galnslllosses) on Investments 14-16 2,702 434 20,001 23,137 16,873 Transfers between fund5 14-16 {4,482} 3,982 500 Net movement In funds (431) (885) 20,799 20,001 18,685 10,817 btal Funds Brought Forward 65,754 372,970 459,523 448,706 Total Funds Carrled Forward 14-16 £ 65.323 £ 19,914 £ 392,971 £ 478,208 £ 459,523 The Statement of Flnanclal Activities includes all gains and losses recognised in the year. The note5 on page5 11 to 20 form part of these accounts.
YORKSHIRE PHILOSOPHICAL SOCIErY AS AT 31 DECEMBER 2024 BALANCE SHEEr (charfty number: 529709) 2024 2023 Notes Fixed Assets Tangible Assets Investments io li 903 455,114 431.435 Current Assets Stock Debtors Cash at Bank and in Hand 2,824 2,435 22,415 2,580 649 33,437 12 27,674 36,666 Credltors: amounts falling due within one year 13 (5,483) (8,578) Net Current Assets 22,191 28,088 Totsl Net Assets £ 478,208 £ 459,523 The Funds of the Charlty Unrestricted Funds Restricted Funds Endowment Funds 14 65,323 19,914 392,971 65,754 20,799 372,970 15 17 Tf•*al Ck3rftr.. FL'.-.ds £ 478,208 £ 459,523 The notes on pages 11 to 20 form part of these accounts. Approved and authorised by the Trustees on 8 May 2025. David Harboune Chair 10
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS I GENERAL INFORMATION The Yorkshire Philophical Society is governed by a Charity Commission scheme dated 13 December 1960. The Trustees are appointed from among the members of the Society. Registered address: The Lodge, Museum Gardens, York, YOI 7DR. 2 ACCOUNTING POLICIES a) Basis of Accounting The financial Statements have been prepared In accordance wlth Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland i55ued in October 2019, the Flnancial Reporting standard applicable in the United Kingdom and Republic of Ireland (FRS 1021, the Charities Act 2011 and UK Generally Accepted Accounting Practice. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charlties (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. The Yorkshire Philosophical Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The account5 are prepared in UK SterlinE and rounded to the nearest £. b) Going Concern The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertaintie5 exlst. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to contlnue as a going concern. cl Income Donations and legacles are accounted for when they are receivable by the Charlty. Other income is accounted for on an accruals basis as far a5 Is prudent to do so. Revenue 8rants are credited to the income and expenditure account when they are entitled to the recelpt. Any unspent restricted 8rants at the period end are carried forward as restricted funds in the balance sheet. Investment income from bank interest and UK quoted investments is recognised on an actual basis. d) Expendlture and Allocatlon of Expenditure Expenditure is accounted for on an accrua15 basis. Staff costs and overheads are recharged to the subsidiary based on time and income levels. Costs are apportioned within the charity and fund accounting as detailed below-. Staff costs on a time basis Other direct charitable costs and costs of generating funds- on an actual basi5 Support costs- on the level of use/ actual basis where specific 11
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS ACCOUNTING POLICIES contlnued e) Taxation As a registered Charity it benefits from rate relief and is generally exempt from Income Tax and Capital Gains Tax. but not from VAT. The Charity is not registered for VAT and therefore the irrecoverable VAT is included in the c05t of those items to which it relates. fj Tangible Fixed Assets Individual fixed assets are capitalised as directed by the Trustees and are included at cost. Depreciation is provided at the following annual rate in orderto write off each asset over its estimated useful life". Office equipment 20% straight line Computer equipment 20% straight line g) Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impatrment. Investment gains and losses, whether realised or unreali5ed, are combined and presented as'Gains/lLosses) on investments, in the Statement of Financial Activities. h) Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and 510w- moving stocks. Cost includes all direct costs and an appropriate proportion of flxed and variable overheads. [} Debtors Trade and other debtors are reco8nised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. J) Cash at Bank and in Hand Cash at bank and cash in hand includes cash and any short term deposit accounts with a maturlty of three months or less I l-oiii ik•r daL¢ OI VVCiiiii6. kl Creditors and Provlslons Creditors and provislons are reco8nised where the Charity has 3 present obligation resultlng from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount aft allowing for any trade discounts due. l) Funds The Unrestricted Funds are funds which the Trustees are free to use in accordance wlth the charitable objects. Designated Fund5 are funds set aside by the Trustees for specific purposes. Restricted Funds are funds which have been received by the charity for a speclfic purposes other than the general objectives of the charity. Endowment funds are expendable fund5 which are held on trust to be retained for the benefit of the charity as a capital fund. Any income Eenerated 15 treated as unrestricted funds. The nature and purpose of each individual fund are explained in notes 14, 15 and 16. 12
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS 3 DONATION5 AND LEGACIES Yet7r to 31 Dec 2024 Year to 31 Dec 2023 Unrestrirted Restrirted Endowment Donations and Legacies Subscription5 Grants 1,081 11,397 1,081 11,397 500 5,487 10,503 2,000 500 £ 12,478 £500 £ 12,978 £ 17,990 In 2023 £2,000 of Grants were restricted. The Charity also benefits greatly from the involvement and enthusiastic support of its many volunteers, details of whom are given in our annual report. In accordance with Charities SORP, the economic contribution of general volunteers is not recognised in the accounts. 4 INCOME FROM CHARITABLE AcfiviTIES Year to 31 Dec 2024 Year to 31 Dec 2023 Unrestricted Restrlcted Endowment Actlvltles Programme Lecture Programme Sales of Garden History Books Publications From Cave to Cosmos Book5 6,654 511 6,654 511 203 249 45 4,804 698 894 360 396 203 249 45 £497 £ 7,165 £ 7,662 £ 7,152 In 2023 £4,804 of income from activitie5 programme and £698 of income from lecture programme were restrlcted. 5 INVESTMENT INCOME Year to 310ec 2024 Year to 31 Dec 2023 Unrestricted Restricted Investment Income from Listed Investments Bank and 8uildin8 society Interest 9,127 4,496 9,127 4,496 13,152 668 £ 13,623 £ 13,623 £ 13,820 6 COSTS RAISING FUNDS Year to 31 Dec 2024 Year to 31 Dec 2023 Unrestricted Restricted Investment Management Fees 4,083 4,083 3,918 £ 4,083 £ 4.083 £ 3,918 13
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS 7 DIREcf CHARITABLE EXPENDITURE Direct Costs Support Costs Yeor to 31 Dec 2024 Year to 31 Dec 2023 Activities Programme Lecture Programme Publications Annual Report Grants, Prizes and Subscriptions Membership Services Bicentenary Project Website Other Costs 4,356 3,225 55 2,163 1,451 2,666 1,768 3.838 1,015 279 10,538 65 1,338 7,022 4,993 3,893 3,178 1,730 10,538 6S 2,813 415 6,089 6,352 4,677 2,742 3,692 13,087 1,443 2,953 107 1,475 415 £ 13,140 £ 21,507 £ 34,647 £ 41,142 Support Costs Printin8 and Stationery Telephone and Broadband Postage Salaries Insurance Cleanin8 and Office Supplies Copier Lease and Maintenance Other Support Costs Depreciation Independent examlners fee Accountancy Fees 302 359 1,055 11,605 788 1,152 1.463 1,247 226 1,200 343 304 884 11,393 967 1,180 1,517 1,368 176 £ 21,507 £ 23,231 In 2023 £13,641 of expenses in charltable activities were applled to restricted artlvltie5 and £500 of grant wer applied to Endowed funds. 14
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS STAFF COSTS Year to 31 Dec 2024 Year to 31 Dec 2023 Wages and Salaries (gross) Pension Costs 11,449 156 11,242 150 £ 11,605 £ 11,392 The average head count of staff employed during the year was l (2023 - 11. No employee earned over £60,000 during the year. 9 TRANSACTIONS WITH TRUSTEES There were no transactlons with Trustees durlng the year12023 - £Nil) During the year ended 31 December 2024, expen5e5 totalling £NII were reimbursed or paid directly to no Trustees {2023 - £49 to 2 Trustees). 10 TANGIBLE FIXED A55ETS Office equipment Computer equipment Totsl Cost At l January 2024 Additions 7,123 1,292 1,129 8,415 1,129 At 31 December 2024 7,123 2,421 9,544 reciation At l January 2024 Charge for the year 7,123 1,292 226 8,415 226 At 31 December 2024 7,123 1,518 8.641 Net Book Value At 31 December 2024 £903 £903 At 31 December 2023 All fixed assets were used for the furtherance of the charitable activities. 15
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 NOTESTO THE ACCOUNTS 11 FIXED ASSET INVESTMENTS Listed Investments Other investments Total Cost or Valuation At l January 2024 Additions Disposals Revaluations 424,281 218,320 1207,827) 16,507 7,154 227,467 (230,788) 431,435 445,787 (438.615) 16,507 At 31 December 2024 451,281 3,833 455,114 Net Book Value At 31 December 2024 £ 451,281 £ 3,833 £ 455,114 At 31 December 2023 £ 424,281 £ 7,154 £ 431,435 The historical cost in relation to the above listed investments, as at year end, equated to £399,83312023 - £367,607) 2024 2023 12 DEBTORS Prepayments and accrued income 2,435 649 £ 2,435 £649 2024 2023 13 CREDITORS: amounts fallin due within one ear Trade Creditors Other Taxes and Soclal Security Accruals and Deferred Income 357 14 5,112 1,679 18 6,88: £ 5,483 £ 8,578 2024 2023 Deferred Income At l January Deferred during the year Released from previous period 1,268 1,832 (1,268) 1,699 1,268 {1,699) At 31 December £ 1,832 £ 1,268 Deferred income represents events income and members subscriptions received in advance. 16
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS 14 UNRESTRICTED FUNDS Bolonce b/f 01.01.2024 Income received Transfer5 In/(out) Gains /fLosses) Balance c/f 31.12.2024 Expenditure Designated Funds Life Membership Fund 3,987 1,275 1526) 4,736 Undesignated Funds Free Reser¥es 61,767 25,338 (25,264) (3,9561 2,702 60,587 £ 65,754 £ 26,613 £ (25,2641 £ 14,4821 £ 2,702 £ 65,323 Balance b/f 01.01.2023 Income received Tronsfers In/(out) Transfers In/(out) Balance c/f 31.12.2023 Expendlture Designated Funds Bicentenary Fund Life Membership Fund 15,789 4,130 396 300 {1,443) (14,742) 14431 3,987 19,919 696 11,4431 (15,1851 3,987 Undesignated Funds - Free Reserves 53,084 30,806 129,4761 5,632 1,721 61,767 £ 73,003 £ 31,502 £ (30,9191 £ 19,5531 £ 1,721 £ 65,754 Life Membershlp Fund: To hold the life membership subscriptions, to provide the future costs of membershlp ser4lces to Life Members. These costs are accounted for at the rate of IO% pa. An annual transfer of IO% of the designated Lrfe Membership fund to the general funds has been made in the financlal year. Blcentenary Fund: To enable the Society to mark its bicentenary celebrations in the years up to 2022, Including related intitiatives in Museum Gardens or in the dissemination of York's history and updating of the YPS website. 17
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS 15 RESTRicfED FUNDS 8olfJnce b/f 01.01.2024 Income received Expenditure Transfers Gains Bolance c/f In/lout) /(Losses) 31.12.2024 Archaeology & H G Ramm YPS Science Prize Fund Lecture Programme Activities Programrne Geology Group Fund Trailblazers Project Fund 10,707 4,055 (600) (351) (4,993) (7,0221 434 10,541 3,704 I,oii 6,654 3,982 4,031 506 1,500 3,663 506 1,500 Total £ 19,299 £ 7,665 £ 112,9661 £ 3,982 £434 £ 19,914 Balance b/f Income 01.01.2023 received Expenditure Transfers In/(out) Tron5fers In/(out) 8alance c/f 31.12.2023 Archaeology & H G Ramm YPS Science Prize Fund Lecture Programme Activitles Programme Geology Group Fund Trailblazers Project Fund 10,986 4.355 16001 {3001 {6,6521 {6.0891 321 10,707 4,055 1,198 5,454 5,316 506 4,031 506 1,5(K) 1,500 Total £ 21,163 £ 7,502 £ {13,6411 £ 5,454 £321 £ 20,799 Archaeology & H G Ramm Fund To support YPS initiatives in archaeology, including awards to selected undergraduates and postgraduates studying arhaeology in a higher education establishment based in York. YPS Sclence Prlze Fund To provide an annual sclence prize for secondary school chlldren in Yorkshire, made possible by a generous donatlon from John Hampshire. The criteria for the prize will be reviewed on an annual basi., but with a broad interpretatlon of Yorkshire. Lecture Programme Fund To support the YPS broader lecture programme, including lectures and talks in the Tempest Anderson Hall, Café Scientifique, outreach lectures, and joint lectures with kindred or8anisations. Emphasis will be glven to science, englneerin8, and technology topics, as well as other lecture topics broadly within the Society's mission. Activities Programme - To fund visits and excursions, social events and the Presidents evening, with any surplus being used for the Society's charitable activities in general. Geology Group Fund - To support the initiatives of the YPS Geology Group. Trallblazers Projert Fund To fund a community project celebrating the heritage of the Yorkshire Museum and Gardens. Where projects required additional expenditure in the year, this has been sourced from the general funds and is shown as transfers into designated funds or restricted fund5. 18
YORKSHIRE PHILOSOPHICAL SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS 16 ENDOWMENT FUNDS Bolonce b/f 01.01.2024 Income received Transfers In/(outJ Goins /(Losses) Balance c/f 31.12.2024 Expenditure Tempest Anderson Bequest Owen/Malden Memorial John Hampshire Bequest 282,704 68,517 21,749 15,161 3,674 1,166 297,865 72,191 22,915 {500) 500 Total £ 372,970 £ (5001 £500 £ 20,001 £ 392,971 Balance b/f 01.01.2023 Income recelved Transfers In/fout) Gains /fLosses) Bolonce c/f 31.12.2023 Expendlture Tempest Anderson Bequest Owen/Malden Memorial John Hampshire Bequest 268,848 65,044 20,648 (500) 3,109 752 238 11,247 2,721 863 282,704 68,517 21,749 Total £ 354,540 £ (5001 £ 4,099 £ 14,831 £ 372,970 Ternpest Anderson Bequest To provide long term sustainability of the Society and its charitable purposes, by providing a base level of guaranteed income. Owenlmalden Memorial Fund - To promote Alan Owen's interests in the public understanding of electrical engineering and other STEM subjects, his love of the outdoor5, and his desire to give young people educational and other opportunities to make progress in their lives. John Hampshire Bequest To support initiatives in areas of interest to John Hampshire, including geology, archaeology, Roman history, Museum Gardens, education and YPS history. 19
YORKSHIRE PHILOSOPHICAL SOCIErY FOR THE YEAR ENOED 31 DECEMBER 2024 NOTESTO THE ACCOUNTS 17 ANALYSIS OF NEf ASSEfs BETWEEN FUNDS Unrestrirted Undesignated Designated Funds Funds 2024 Restricted Funds Endowment Funds Total Tangible Fixed Assets Fixed Asset Investments Current Assets Creditors: Amounts due In less than one year 903 S3,624 11,S43 903 455,114 27,674 8,519 11,395 392,971 4,736 {5,483) (5,483) Net Assets £ 60,587 £ 4,736 £ 19,914 £ 392,971 £ 478,208 2023 Fixed Asset Investments Current Assets Creditors: Amounts due in less than one year 50,380 23,152 8,085 13,514 372,970 431.43S 36,666 (7,778) (800) {8,578) Net Assets £ 65,754 £ 20.799 £ 372,970 £ 459,523 18 RELATED PARTY TRANSAcfioNS There were no related party transactions in the year {2023- no transactionsl. 20