**YORKSHIRE LADIES’ COUNCIL OF EDUCATION** 

## **REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 AUGUST 2023** 

The Executive Committee has pleasure in reporting the activities of the Council during the past year.   The Yorkshire Ladies’ Council of Education (YLCE) has been in existence for over one hundred and forty years and, throughout this time, has promoted women’s education in all its aspects.   For example, in the past, the Council established such educational bodies as the Leeds Babies’ Welcome, the College of Housecraft and the Yorkshire Ladies’ Secretarial College.   Nowadays, grants and scholarships are provided for women, mostly in higher education. 

Today, the Trustees, having full regard for the requirements of the Charity Commission’s guidelines, can demonstrate that all current YLCE fundraising and grant making activities are open to public scrutiny.   The YLCE Committees, all of whose members give voluntary service, have supported women’s education by providing funds to several local institutions and community bodies offering some aspect of education.   The Council helps to redress the present inequality of women in the workplace through its Educational Awards scheme and is therefore fulfilling its obligations under the Equality Act 2010 and providing public benefit. 

The restrictions imposed by the Covid-19 pandemic having been lifted, the quarterly meetings of the Executive Committee were held in person: the September meeting at the home of the Acting Chairman, Mrs Gill Lydon, and subsequent meetings at Forest Hill. The Awards Committee was also able to meet in person to review applications and to offer and disperse grants. 

The Council had seventy-four members, including the President, three Honorary Vice-Presidents, three Vice-Presidents and five Honorary members. 

It is with great sadness that the death was announced in March of Miss Maureen Ross. 

## **GOOD GOVERNANCE REVIEW** 

The Executive Committee reports on Good Governance at each of its meetings and continues to consider this in some detail. 

Members of the Executive Committee have undertaken those administrative duties hitherto provided by a paid administrator, whose post, sadly, is still no longer sustainable as, like other Charities, the YLCE’s income will inevitably diminish. However, advertisements have been circulated for a paid administrator, reducing the number and substance of the tasks involved. The careful monitoring of funds by the YLCE treasurer is much appreciated and the Executive Committee as a whole remains committed to making the best use of its available resources. 

## **FINANCIAL REPORT** 

The portfolio has been managed for many years by Investec Wealth & Investment Ltd which this year has merged with Rathbones. There will be no change to the way YLCE works with the company and Rowena Houston will still be our contact and guide, working in the same office. 

The economic situation remains difficult and the total value of the portfolio has fallen by £5,300 over the year; that is about 0.75%. However, the income was up by about 10%. The only change was the forced sale of Civitas Social Housing due to a takeover. This produced £8,428 which remained as cash at the year end. 



There are two current accounts with Virgin Money: one for the Social Committee and one for Administration. Total income for Admin. was £8,089: £1,355 in membership fees, £6,092 dividend income and £642 in donations together with HMRC Gift Aid refund. Total expenditure was £5,000, leaving the account £3,000 better off at the end of the year at £9,566. It is clearly now possible to fund the services of a paid Administrative Secretary, should one be found. In the meantime many thanks are due to Gillie Andrews who has been fulfilling this role voluntarily. 

The Awards Committee has a current account with Unity Trust Bank, into which the income from the portfolio is paid, net of management charges. The total income, including £1,220 in donations was £22,550 after sending 22% to Admin. During the year, grant offers to the value of £30,100 were made but only £19,900 was paid out as some students do not raise sufficient funds and therefore do not take up the offer. The offers are kept open for one year, so a look at the year 21-22 is instructive. The total of grants offered was £23,300 but only £19,100 was paid out, i.e, 18% of the funds remained untaken. This is close to normal and reflects the fact that the Awards Committee tries to support those in greatest need. 

## **Update November 2023** 

At a meeting with Rowena Houston, a thorough review of the investments was undertaken. Crucially, as fixed interest assets now provide a more reasonable rate of return, two Government bonds at 4.125% and 4.25% were purchased, with £10,000 in each until 2027. Also the BHP holding was increased by £2,000. To fund these purchases, the Haleon shares and Woodside Energy shares were sold. Both of these small holdings had been acquired through de-mergers. The cash realised from Civitas Social Housing was £8,298; a legacy gave YLCE £500 and a further £5,000 was raised by the sale of a small portion of the Compass Group holding. This last has shown a large increase since purchase; so some profit taking was in order.  The net result is a portfolio less heavily weighted to equities, as is more suitable for a charity, and should also result in slightly increased income. 

It should be recorded that many thanks are due to David Hartley for his help and guidance. 

## **AWARDS COMMITTEE** 

We were all pleased that our meetings in September 2022, March 2023 and June 2023 were again face-to face: it was good to leave Zoom behind, and enjoy an open discussion of the applications in a sociable atmosphere. The Awards Committee considered in all 270 applications from talented and ambitious women who were unable to fund their chosen educational courses from their own resources and who are finding the ever-increasing fees impossible to cover without help. 75 applicants were successful, with 195 rejected. The great majority of applicants are offered £400 towards their fees, with a handful being offered £200 where fees for part-time courses are significantly lower than for full-time ones. In total this year, we granted £31,000. The number of applications was similar to 2021-22, but still fewer than 

previous years. This is possibly the continuing long-term impact of the loss of parttime earnings caused by the lockdowns, the high fees for the majority of courses, combined now with inflation and general financial anxiety making applicants’ planning to fund courses more precarious than before the pandemic. However the overall distribution of Awards remains at approximately a 1 in 4 success rate. 

Two further Awards are made each year to outstanding individuals: the Donner Award to a STEM applicant and the Clarkson Award to a SHAPE applicant. The latter acknowledges success in disciplines covering the Social Sciences, Humanities, Art, Performing Arts and Economics, whereas the former covers the Sciences, 



Technology, Engineering and Mathematics. The two recipients of these Awards receive a further £400 each. 

The vast majority of applications continue to come from women wishing to pursue studies leading to Masters and Doctorate qualifications. Ages ranged from 21 to 60, the average being 25. We have a very small number of applications from nongraduates, and we do aim to respond positively to them; for example, we offered an Award to an applicant for a Level 2 Certificate Course in Practical Horticulture. 

Committee members, as always, work with diligence and close scrutiny, whilst reaching decisions in an open and balanced way. As in all previous years, many email messages were received from successful applicants, expressing gratitude for the Council’s financial support and agreeing that we might hold their contact details and call upon them in the future. We also receive a handful of cards and emails outlining future courses and careers after the original courses have been completed. The Autumn 2022 and Spring 2023 Newsletters contained some interesting and inspiring accounts from a handful of recent Awardees, outlining their courses and future plans. All of these remind us of the value and importance of our Awards. 

The Council wishes to thank Chairman, Mrs Carol Gleisner, for her dedicated and time-consuming work and all the members of the Committee for their diligence in considering applications. 

## **SOCIAL COMMITTEE** 

2022-23 saw the Social Committee being able to return fully to its principal role of providing social events for the enjoyment of all members of YLCE and their friends. Although the events were smaller in scale than at pre-pandemic levels to cater for the smaller numbers attending the Committee (which had itself to cope with a significantly reduced membership) was very gratified at the level of appreciation for its efforts expressed by attendees. 

The return to our ‘traditional offering’ started with the Christmas Fayre and Sandwich Lunch held at St Chad’s Parish Church Centre in November 2022.  We were able to provide the expected stalls, raffle and lunch with the addition of pre-ordering arrangements for the Christmas Cakes and other goodies which had proved so popular during the pandemic. The day’s proceeds, coupled with the generous donations from YLCE members, enabled the Committee to donate £1,000 to InsideOutside Childcare at St Gregory’s.  YLCE members also contributed towards the collection of non-perishable healthy breakfast food items for this charity, continuing the support previously given by YLCE’s former Project Committee. In March, the Committee provided the lunch following YLCE’s AGM in the new timetable for the event being piloted by the Executive Committee. YLCE members’ very positive comments about the catering made the Committee feel their efforts were well worth while. The revised timetable was well received by everyone. 

Following the successful ‘Queen’s Jubilee Tea’ held in June 2022, in May 2023, the Committee held another celebratory non-fundraising event: a ‘Coronation Tea’ for YLCE members and their friends/partners at the North Leeds Cricket Club marking King Charles III’s coronation. This proved a joyous event complete with bubbly and a loyal toast for those able to attend. 

The Council wishes to thank Miss Juřica and all members of the Social Committee for their highly valued contribution to the Council’s events. 



## **EVENTS** 

As noted above, the Social Committee provided a very successful Christmas Fayre and Sandwich Lunch in November and in May King Charles III’s coronation was celebrated in an enjoyable Coronation Tea. In Autumn 2022 an attempt was made to introduce informal ‘Chatty Gatherings’ once a month in the mornings at an easily accessible venue providing food and drink. However, these meetings were not seen to be popular enough amongst the general membership and were discontinued in spring 2023. 

## **ANNUAL GENERAL MEETING** 

The 119th Annual General Meeting of the Yorkshire Ladies’ Council of Education took place at St Chad’s Parish Centre on Monday 5th March 2022. The business meeting took a more streamlined form than in the past and began earlier. This allowed time for the two recent Awardees to give their talks before lunch and so be received by a larger audience. The Social Committee provided a much appreciated lunch. The event concluded at 2:00pm. 

## **NEWSLETTER** 

The _Newsletter_ is always interesting and very much appreciated by members, keeping them in touch with the activities of the Council.  Many sincere thanks are due to its retiring editor, Dr Lorraine Harding for her admirable work over the last three years. 

**FOREST HILL** (This report will be inserted later 

Grateful thanks are given to the Board of Directors for their effective oversight of the operations. 

A full report on Forest Hill Sheltered Housing Ltd has been circulated. 

## **EXECUTIVE COMMITTEE** 

The Committee wishes to record its grateful thanks to the Chairman, Mrs Gill Lydon, for her care and efficiency during the year and for agreeing to continue as Acting Chairman from March 2023 

The Committee also thanks Mrs Gillie Andrews for her work as Honorary Secretary and Mrs Anne Taylor for her financial competence as Honorary Treasurer. 

President 

Chairman of the Executive Committee 



THE YORKSHIRE LADIES. COUNCIL OF EDUCATION
IINCORPORATEDI
A COMPANY LIMITED BY GUARANTEE
AND NOT HAVING A SHARE CAPITAL
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 318t AUGUST 2023
R•gi5ter8fl Numbor: 00082763 IEngland and Walesl
Charbty Number: 529714
Forest Hill, 11 Park Crest•nl, Roundhay
Leeds L88 1DH

THE YORKSHIRE LADIES, COUNCIL OF EDUCATION
IINCORPORATEDI
FINANCIAL A¢GOUNTS
FOR THE YEAR ENDED 31$t AUGUST 2023
PAGE
GONTENTS
Report ofthe Extrcutive Committee
Report of tho Independènt Examlner
Statement of Financial Activities
Balanc¥ She•t
9.15
Notès to the Flnancial Ststem8nts

THE YORKSHIRE LADIES, COUNCIL OF EDUCATION
(INCORPORATED)
Prosident:
The Countess of HaiiTax
ic8 Pre$ldents
MtsGMAndr
Mrs A G L5£fon
Mrs M J PulL9n
Honorary VScè Prosidents:
Mr5 E M H¥lJert
Mts M HO￿0X
F C Logan MBE
The Counte$8 ofs￿[brough LVO
Honorary Members..
Mrs E M Bowett
MrR Byrn Esq
Mr R Donner
W Humphreys
H J Wor51ey JP
Charity Tru8teès'.
Honorary Socrgtary:
Mts G M Andre*
Honorary Treasurer:
Mr8 A MTaybr
Execulve Committeo..
Mrs M Bradbjty
MrsKMHart
Mr8 P C Holli$
Mrs G P Mlner
-Acbro Chaim
Ex Officio.
Mrs E C Gleisner
- Chairman Awards¢ommitte
Mrsm J Pu51a
- Chairman Proie¢ts Committee
55 J R Juflea
- Chairman Soual Comtnittee
Awards Gommitteè..
E C Gleiwer
- ChaiThnan
Mrs A ￿Ik
- Deputychalrrnan
MrsA Hatri5
- Jtyni Se¢relary
Mrs G P Tawor
- Jlynl Secrelary
A M T*ior
- Tre38urer
G M Andrwws
ss J R Juiica
H (*￿en5
I Sutdite
Fundraisin9 Committee:
Soclal Committ•O.'
Miss J R Junca
- Chsiman
Mr6 P C Hollis
. secfetsry￿rÈa$U￿r
Mr5AM Ltsnn
s G P Mllner
Mrs EAst*ph￿S
Mrs A MTayknr
Mrs L V M Tayknr

THE YORKSHIRE LADIES. COUNCIL OF EDUCATION
{INCORPORATEDI
Structure. Governance and Management
Govarning t)o¢urnent
The(wg8n15al￿n is a charfiable￿[npa￿Y1iM1l?d by guarantee, 1n￿r￿ratsd on 3rd l)8tsrnber 1904 rèoi¥tered asa charity
on 21st Jamary The companywas es*ablished undera Memorandum of A$￿8110￿￿hich estatAK%heo ihe objects
and pmrs oflhechailia￿e Company is gDvetDEd underitsMi¢i*$ofAssocialion ln thé event of the c¢mpany b￿n0
4YiwJnd up members are required lo conlribuie an 3rnounl noiexceeding £5.
Executive Committee (Charily Trustees) and Oryani$3kn'onal Stnjcture
The d1￿CtI￿Oi￿&C0Mpa￿Y0ft ar80thechantytsustetsforlhe purposeof ¢harity I￿￿a￿ undorihÈeompanY5Arlc*s
are krthn as mwnb8rs olthe E¥e¢ubve CLYnmiitee
Thè organisaiion of the c￿n￿l lsin the hands o18n W￿b¥e Comrndtee meetsquarterly and I$thaTged￿th Pollty
and d*i*¢n making.
Dunng ￿ySar1h￿Trusle￿s ￿mMenCe￿ a ￿VIew into upd8liro c￿J￿1,9 IAernowdLTh and Art￿8£ ofAssttiation.
Tru$t9tr8 artrapwnted from memi%*3v4ho shty¥ an 8¢tive IDtsiesl in Ihe ￿e￿1V*s0fthe tsu5L Th￿00181n th*rknO￿ed0O
&nd expe[len￿ of ethcBbon818nd p)IiGY rsue$ through pasl end￿￿￿r$.
The Of￿SandtheAdMinIstr*bV* Sectetaydeal with Everyday routne m8118r&
The Edu￿bo￿al Aw8rds Stheme Is rnanag￿ ty the Awardseommiitee.
The YorfE$hire Lad￿S Counul IHo¥i&l$l Limited. a svb*diary ￿rnpanY of the Countyl 1$ responsibk fcrflhè iunning Of Forest
Hill t $Y￿lIe[ed housing scheme. Th? Directors aye 811 ¢ountyi members who in a voluniarycapaclty
Th6 ¢haiman ol Forest Hill keep¥ Council rnember$a¢qusinted￿ih the aff2ii$ ol ￿ hou51n9 sch
Th& Counc41 ho￿& no effe¢tive wntrol overlhe assets ollhis Corwany arml 1$ una￿￿ ￿ benefitfrom th0*8$8ets
dueto the legis&lion in tyer81ion goveTnin9 the C¢¥npany
Due to thi5 the Company h•$ fi￿6een con￿11￿¥ted as 8 Subsidrdry. During the yeara reviwrfantt le9210ovI¢8
wa6 obtained as tothe relatson¥hig wilh The Yorkshire L¥Jvès cou￿1 IHostelsl Limiled. This rewewconduo8d thalthe
re￿1￿)7$hIp has mi ch8nged Irom paslyears.
Indiv￿1￿* m￿bern supportlhe thaiitsble r*Je¢tives of ot￿rYorksh1T• bodles oThwh￿h thè Courtll is r¢presented.
Objectives and AcdvlU•s
Background..
Tht YoTkshiie Ladies. Councll of EduCats￿ {YLCEI establi$W ib Edurath)nal Awa￿ FurLd ih 1989-90.
Th• Fund wS$ ￿Vested In the mBrke*swith the pvrpose of genertting Irw￿19 se￿￿ the Awards and wverexpenses.
The main obiethve Is to piovideeduGabonal giants towomen and schdarships ￿ In$iilulions foi the educabon ¢fwotnen.
Th• Council offers about 80 grants as¢ai. ol SL¥ns berween £100 and £500 The aver¥oForanlis likely lo be £300
Giants support FEES ONLY are pa￿ direclto knstiiulions LEhallof awli￿nts. In exceptionalcircurnst3n¢es payments
are occasjonally mad¢ to indivrfual&
Who 1$ el￿1bie..
PergonAI *p￿￿tiOn& tOr8ducabonal 9ranissre inwted frorn BRITISH WOMEN ￿9..
1. Ar•a9èd 21 yoars Or0￿er.
2. Have been offered a placeal a Biibsh ￿U￿￿t￿nal Institution
3 Cannotrina￿￿l￿ir ehoaen ¢ourseftom their cthn reswi¢F& can wesenl a ¢ase
ftX$Pe¢￿I Treed
4. Do notqualrfy torsuffi(xenl L￿1 AulhLtyorGovemmeni support (otherlhan postooduaip b)an5).
5. Art not to a memb8roi The YortBhre La1￿. Councl ol EduGatio
Achievements and Performance
The Council contilued to m*1 its objective5 mad8 84V8fa$ 8imiiai number$ 8nd I￿a￿al va￿Je a5 in pBstyears.
Funds held a8 Custodlan Trustee on behalf of Others
The Council $n¢ rts T¥ustees ihe sha￿h￿diD￿ in a Subs￿l3ryCwva￿y-,Th8 Yorkshire Ladies Courtll IHostel$i LITTriled'
Thiswmpany 1$ r*SpOn￿ble forlhe iunning of Ftyesl Hill, a swlered housiny s¢ltW*. ttsathvitses arevyholty indopeDdent
ofthe CoUr￿l's￿erations.

THE YORKSHIRE LADIES. COUNCIL OF EDUCATION
IINCORPORATED)
Public Benefft Statsment4nd Obligation under the Equality Act 2010
Thè Yort5hira Ladies. COU[￿11 ol Educatiw prtsvKJ95 bengfrtthrowh itsedwAiioTral grants to a￿j to Insl*uli¢r
and through Ils suwort¢tlh&edLUlj¢n?l aspect$ DToiher community bodlo$. Coun￿1 seeks tts4ddress the in8quallLy of
women's T&presentalion m the upper e¢hdons of IhF professions, buwness3nd the arts ty 3upporting theireducaiityial and
trai￿ng r8quirementS. Ihusfulfilling ihe Council's obl￿a￿on underlhe Eoualilie5 Ad 2010
The Trustee$ confirm Ihatlhey tsve re*etted 10 Charty Comm￿10￿,5 guidance wblic benetilmthen 1ewfjwl￿ the C¢un&i's
airns and objectives. In planniw fthureactsves. and setury grant making Wlicyfor theyear.
Financ4al Re¥i&w
Thpchanty continued lo r8(*iveinvgsknenl I￿rne suffideN tocaryon of making 5uiiable awards to appIlo￿t8.
As Investments vary In line véilh the irtematsonai Ma￿et5 Lis￿6 invesbxenis have de¢reased byE5,2S4 Li#ted
invosim&nts al th¢ b￿an￿sheet Jlle Sto￿ al a market value of £685.927 and total lunds a1£719.934.
Inveslment and Reserves Polry
Th*Twslee5 tWherwlh Inve¥tmenl M2n¥gers revlew tho entsre Ponloiio of Inve$tsxents annual￿. Twrnay di8wse r
C8rtain hdding$ repla￿ Ihem with ho￿Ing$1be Tn￿t￿ ¢Onsider￿lI have ￿e￿er wlenlial ￿t￿lh￿IddlUii￿9 the level
¢1 InLvme. Any n•Yluntt5yAII usually be addBd loa holdi￿ in the ex￿ling pothlio The TTusiees maintain ongoinu
re¥wdS ollhe portldiowith ￿ in depth wewspproxlmat￿Y ev￿8 yg8rs.
Sub$8qU8trtto Balance Sheet date an annual has taten
The lunds Bre cons￿ere￿ lo be ala level io mepl the ongolng aCtiv￿eStOr the next 12 months.
11 isthe Trus*e$ policylo 8ppfiyAimatelyt5,WO in cash in a YoTkshire *nk s2￿￿¥AcCOunt*Sa'￿$t rewy,
th)nlingency tvnd lu meet th¥objectives of the Charty
Thetotal funds of £719,934 ¢omprise in ihè main. the capiiaifund vthith indudeslhe revalued asyeis al a gain ovgr costor
£243.24910getherwith the Social fund of £1,045. The￿￿LI1 tu￿ pro¥ioe$ the In¢Th ID meet Ihe obieclives
and g¢v6rnance¢J>sts of the charity
Plans for Future P•riod8
Tho Ex*uliveCommittee feeIthe￿gC￿nB ￿ty¥￿e$ ofthEChailty￿iI ￿ntinue on a Similar basi$andata Simi￿rIeve1 fwth&
foreEee&￿1￿1￿rt.
Re5ponslbilities of the E¥•cutlve Committee
Company L4w rE4UifèsthF E¥ecuiive Ctynmittee ￿ prewrefinarKlal ststetnents foreach year¥vhich give atrutrand
fairiryth¥of the state of the aff81ts ofthe chAnbbIecom￿nY as atthe baiance sheel daie8nd of 115 In￿ming resources
and applicath)n 01 resourtt¥, In￿L￿1￿ Income and ex￿n￿lIVre. tsthe finan¢ial yar. In prèpariry IM8e Inanryal State￿nIg
the Execulivecomrnittee Sh￿1￿ Ioiiow best practice and.
- s•l£(* $￿tab￿ acwuniinll then aprAy ihem ￿nSistenuy,
- makeju0ge￿￿nts and èslimales Ih81 $re reasonable prudent, and
- pr8pare the finantyal statements on the going ¢onceTD ba51s Unl￿ il is inapwoprlate
lo assume th￿the comp￿yW111 Continue￿ that basi8.
Tltt Exe￿￿￿Ve Commthe acknowletye its respon$ibilities For.
- entsunfry that the company keEg8 aGcouniino rea￿d5whIcTh ￿mp￿￿t￿ S8¢tlons 386 snd 387 of the
Companie$A¢t 2006,. and
piepailng financièl statèm8ntswhicn give ¥ twe and *8ifweNof ihe alfairsof the CoM￿nY a$ at the end
of each finanual yeai ano 01 its sthiemeni of financial 2¢1ivilies foreach fin3nckil y￿[ In accor¢arKe￿th
U* requlrèmonts of Secbons 394 and 395 ¥ndwhichotheN¥i8e cotnptyvvrfh the requiremen1$ Ofthe
COMpan￿A¢12006 relatng to fill￿cIal SLAtemenl8. so fara$$pplcable io thÈ ￿￿pany.
Indop+ndent Examlner and ArAountants
Mf Oawd Hartley FCA. FCCAofWai1O & Hart￿Y w re-apwiTrted as the Cha￿tab￿conpa￿lS IndepenOenl¥Aarnirw8nd
a(wuntantduring the yearand has exWesS￿ hiswdlingngS5 to wniinu& in that caphtity.
This report has tyoon prepared a¢¢OrdanCe￿thth0 6￿cIal p￿slOn3 of Port 15 ofthe Compinies Act
2CrfJ6 relatlngttF$mall companlgs.
ApprovEd bythe Ex9¢wt￿9 Commttt••on 2nh N￿*mb$r2QZ3 and 8lyn•d on its beh•llby.'
Mr¥ A G Lydon
- A¢Dtty ¢halFman
Mrs G M AndT9WS
-secretary
Mrs A M Taylor
-Treasurer

THE YORKSHIRE LADIES, COUNCIL OF EDUCATION
IINCORPORATED)
INDEPENDENT EXAMINER'S REPORT TO THE
EXECUTIVE COMMITTEE OF
YORKSHIRE LADIES, COUNCIL OF EDUCATION
IINCORPORATEDI
I repLYton Iheattounts of the Companyfor the y8ar6nded 31S¢Awust2023 are 5elouton page5 7 t¢ 15.
R*sp8ctive rnsponsibilities of trustees and examin•r
Thelwslees IvthD are also Ihe direttor3 olthe eotnpany forth£ puiposeB of wrnpanyl￿) a￿ r#swnsibfebr Ihe
preparation olthe 4Q￿u￿1$. IiU¥lee8 conslder Ihaian audii ISn￿r￿ul[ed foy lh1syearu￿erS￿thon 144 of Ihe
¢￿tte5 Act 2011 (the Chanlies A¢ii and Ihal an independent &xsmin¥bon IB neede¢.
aving satisfièj nwsefflhallhe chairfy is tK>I subwiosudrt undoictsmpany ￿w3nd l$eivJibie for Indép8ndenlexaminabon,
rt b¥ my responsibility to.
- exsminotheattounl$ sedion 145 of the 2011 ¢h81ibesAGt,'
- to ￿￿Wthe plo￿Vro¥ la￿ do4￿ in the general tlir8¢tion$ given by ￿ Cttatty Cornmls*on under
sectioTr 145151{bl of the 2011 Ch¥ritse5 Act.. and
-to state %*hetherpa￿cu1ar mattets havecomeio my attentiM.
Basis of indepgndent 8xamtner'8 report
Myexaminabon vtss tsrried wl In 8¢¢oidancevAth the genetal Directhons given tylhe Chanty Commission
An examinabon InJudes a revwi of the accounting r￿0￿$ kept by lh• charity a ￿mp￿$0￿ of the accoutts presmted
wrth those reco￿$ Includes tOA*derabon ofany unusual Iletns ordisJosures In the a¢(x>Jnts. and seeking
explanation5 from you ¥stsuSlees(￿nCeM]n9 any s￿h matters. The wrKedvre8 Undertak￿ do not prowde£ll the eviden
Ihalwould bfy wuired In an avdil8nd consequentty no opin￿￿ Is given a$th)vthetherthe a¢￿u￿15 present a'iruE and lairvi*
arf t￿t ¢port 18 limited lo those matters Sel oui in ihè siaiement bdow.
Independent ¥xarniner's ststemont
I have ￿mple￿d my exanmnabon l c￿￿.[[￿ Ihal no material matters ha¥e(tsrtlD my atten1￿ wni(11 oives mecause
to believe that..
' actounbng re￿rdSwere wi kept in accrydan¢e with Secti￿ 388 ofthè CompanlesArt 2006.. or
. ihe accourfsdo tut xcrKd Mlh record5,' or
. the acco￿n￿￿O ry)l Gomply r￿8Vant accwnimg requiTements under*Gtion 396 011
Comp3niesAd 2006 other than any rEqU￿ement thatlhe ac￿￿￿t8 give a'bue and fairf view
is not a maitercOns￿fjw as part¢1 * Ind8pendenl examin#iion, or
. ihe amnt5 nol been prepared m accor(lancÈwith the Ch8nties SORP IFR$1021.
I have no ¢on¢em& and havecome acmss no thher m8iiers In ￿[bec￿On wrth Ihe Èxam￿3￿On towhich attertron shou
be dramn in r8POrtin oiderto enabka propef understsnoing of the accwntskn ￿ reathd.
27th Novembpr 2023
David N Hartley
FC•K FCCA
Warte & Hartroy
66 North Stra•t
Veiherby
LS22 6NR

THE YORKSHIRE LADIES. COUNCIL OF EDUCATION
IINCORPORATED)
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME & EXPENDttURE ACCOUNTI
FOR THE YEAR ENDED 31ST AUGUST 2023
u￿r￿tricted Rè8tricted
FundB
Funds
2023
2023
Tolal
Funds
2023
rotal
Funds
2022
Nots8
In¢omè=
DonatloTrD and #ub¥crfption$
3225
3225
5286
Income Irom ch•riiablt acIfv6t￿.'
Social events
FundralgrvJ*vents
10trJ
1003
769
Invo8tm•Dt Income
30513
30813
3W78
Total income
34741
34741
38133
Expenditure:
Costof raising funds..
vesfvnl ￿n￿emernt C05L8
2583
2583
2530
Expendllure OTr charb￿b￿A¢J¥￿Q6.'
Gran￿, ￿atIonS and goYomani*
32884
32884
22W2
Totsl expenditure
35467
3546T
25432
et losseg amOuwin8 on Investmenls
5.586
Net lexponditurgllincome and
movements in funds forthe year
15,05n
16,297
Reconciliation of funds
Total funds braught foDNard
724991
724991
708fj94
Total fund&<arrkd lo￿0r￿
719934
71>934
724U91
The stateTnentoffinanclal aCbVit*$ hciudes all g•in$ and losse5 Inthe￿ar. Al inco￿and expendiwre
ve Irotn ￿￿11￿Ul￿ £dvibe$

THE YORKSHIRE LADIES, COUNCIL OF EDUCATION
(INCORPORATED)
BALANCE SHEET AS AT 31ST AUGUST 2023
2023
2022
Fixed Assets
Tangible a鴴ts
InvesbY*Dts
10
30
698687
685627
68SS27
698717
Current A88els
Debtors
Cash atbank 8nd in hand
14
1S
2275
50012
35J8
52287
37384
Credlto
unts l¥lliny due
18,280
Net Currant Ass*ts
34007
26274
Net Assets
719934
724991
The fvnds of the charity
Un￿$bIrt@￿ funds
Desion$iEd
Gener81 funtts
1045
718889
895
724096
719984
724991
Re￿¢ted fvndg
Total Charity Fund8
17
719934
724991
Fortheyear ended 31stAJJgusl 2023 the ￿mpanyWa$$ThtiMFd lo exernption under 5UDSèClitin 1 or $￿t￿Tr477 ofthe
cOmpan￿￿AGI20o8.
Dil￿r¥ ￿SpOnsIbl1111e5".
The Members have not required the ¢omp8ny to obtain an audit¢Ytts ac¢ounbfcYtheyear in questi
In accordance 5￿t￿>￿ 476
ThediiedoJ¥ athnowledge their ie¥K)nSibilityftrc￿￿pl￿"n9WIitt the requiremenisollhe Actwth reSp￿t
ioa(xounting [￿rdS pre￿rab0￿ of ￿￿o￿Trts
ThefinancJal staternents have been prep8red in aCcOrdan￿With Ihe ¥e¢ial pn¥k*onsof Pari 15 of the ¢omp8ni88Act
2006 relaiing to ￿nall c¢mpan*s
Approved bythe directors and tru•t••• (Execu￿￿? ¢omnsftteel on Ih¢27th Nov•mber2023
Signed on its behalf by'.-
Mrs A G Lydon
- Acting Chainnan
rs G M Andr•v
. S•¢retsry
Mr6 A M Taytor
- Treasurer
AG4

THE YORKSHIRE LADIES, COUNCIL OF EDUCATION
IINCORPORATEDI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023
1. Accounting Poll¢l6s
The Pl￿￿paI accoun￿￿9 polltyos are summ￿$￿ ￿￿)w. The8(xy>Jnting have aW*d consisteniy thIou9hout
the year and ID the piettdlng ye¥r
A. Basls of a¢¢DU￿n9
The siaiemeni of accounts havè been prepared in Wllh tho Cotnpanies A(12006, the Statement
of Recommended Prxbce. A￿OUntIng Reponing èy the CharilEs prep4ri￿ their a¢¢ounts n accordar
With FRS102 (effective 1$1 January20151 and Chalil￿S SORP IFRS1W. appli¢8ble accountiro thndards.
Where ne¢e55arythe hèadings la￿ down In the AGt have been adapted to meet the special *iVitiss
oflhe Council The Covn¢il qualifies 8$ 8 sm¥ii ￿rnpany undertheAct and the Trustees have el*
loiak¢ advantage olthe ÈxwhplioD TK>t to wepare a cash $tstfry￿rf.
The Countyl meEt5 the d2flnibon ol a publi¢ btnelil ènlty under FRS102. Assetsand IK4bilrfips we initSal
rwniséd 81 historical cosl¢ritsnsacbon vsltse unl8ssotheThYige ¥taied ID ihe ielevani¥cwJnling
pDliCy Wttr.
8. Fund Accou*tlng
Unre¥triGled lundsare available for use ai the diseretsn of the trLL4iees In lurther8nce of the
g2neral obiethves of Ine chanty Unr6¥tricted tunds In￿U￿* a revaluat￿n ￿serve repFesenting
the restate￿nIorIl$￿ Invesim•ota$sets at m4rkel vauè.
D8wgnated fu￿88r0 UN8StrIGted thndseannarted tylhe EXeculi￿ Cornmitteefor pafhcJJlar
p￿￿o$e$.
R8Stri¢ted funds wJbi8¢ttO (￿n￿lbOR5 on ex*t¥Jilure impoged bylhedonor
General fund {Caprtal ￿nd1- rosiithj and unrgsblCthY
Tho re8etve renects the 0rigin$i (aFMtal tO9etr*rwith anyspecif￿4cnationJ orgifts
and is used to provide Inec￿ for ihe awards reserye tneettt* management ¥xpenses
ofthe Company.
Stiialfvnd- unrestlid￿ deS￿rna￿d
The regerve prowdesdonalions to the Coun￿1 and t0*mi￿r Organisati￿S frcth thnts undertaken In thtryear
Projecis fund- unre¥tricted de519f￿tsd
The re9eYve prowdesdonalions t¢ tryan￿li0￿5YNlh educ81i¢nal aim$ rrorn events v￿ertaken In the ye¥.
C- Con$oiiOated grnup aeeounts
The C¢tnp8Try bas noi kyepared ¢￿S011daled Gr￿pAc¢0￿n1s tylaking advantsg6 01lhE
exemption allowed bythe C¢mpanIesAc120￿ The Company and itssub$idiary, Yorkshirè
Ladies COU￿1] IHostels1 Litnilfd, qualifies lorthe 6x*mptson being a sm¥1 S￿￿d group.
O. Incomo
JI i¥ induded In ihe ststeff*nt¢lfinatKlal a￿1vItE$ Vlhèn Ihe chanty Is
enlilled 10lhE incomè3nd the amountcan bè quanlpfied wlh ￿$¢n￿ble accuracy. The
folPMng specific w11￿08 arpapplied 10 part1￿L/r ¢alegories ol Inwme..
VIAurtaryin¢tyxe is re￿lTr￿ byway oldonabons, gills and subscript￿n$ a￿18
In￿￿￿ed in the Statem￿10[ Financ￿1 Actiwbes ￿81¥able.
Donaisd servicesand 18tylibes notvalLEd aslw aie¢onsidered knma12rt31 or
Imprxbc¥I 10 vdue.
In¥esknentitKome In￿￿le￿When

THE YORKSHIRE LADIES. COUNCIL OF EDUCATION
(INCORPORATED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023
Icontlnuèdl
1. AGcounting Ptslicies IContinu8dl
È. Expendllurè
Expenditure is recolln￿ed on an acuuals ba$1$ as a Iiabilityi$ incurred Expenditure Inthdes
any VAT ¥vhith ￿nn01 be rewwered. and is worted as part0lth2expenditu￿ lowhich rt
relates
Cos15 olger￿￿b￿ fwdB compdsfrihose co*assoc4ated wrth managing
nd attradin9 funds
Chaiiiale ackn￿11$$ indudethoseetsts aB8watedswth delvenng rfsaGtivitie5
Govemanc£ indud6 those costs assocKgled meeting the ¢onslilulionBI
and statutory rryuirements olthpchatity ono irtlude Gosts linked tolhe strateg
manag8meniofthe tharty.
Al costsare aiio¢ated befytyew the eX￿ditu￿ caieoffies of the SOFAon 3 ba￿S
designod 10 reled the we ol r￿u[Ge Asihtr wnr4pal obJedive$ ¥re oryanised
by ¢ommitt8e itKurrirrfJ minimal aclual cosisaii ￿hE[COsts areireated a5 goveman¢
F- Tanglble Flx•d Assets
D8preciaiion Is wovideo *a fate of33.33% on a reduc1￿ balance ba%s in oidertowrite off thè
as*t over 115 estsm8t* useful Irf
G- Ll8t9d Inve6tm•nts
Irh¥e$im&nis held as fixed 8sg•ts are re¥￿￿ 81 m￿-￿alketyBl￿e8I tho balance gheetda
the yin or ￿￿8¥koN to the Statement of Finanaal Activtse8
H- Golng Concern
The C￿nCil Executive Ccmmitteeare not8w0￿ ofany￿nCerns thai the Charitywill Ml m8gt
Its 0￿￿￿4￿0n$1Qr1he nextyear.
2. Connected Ch¥ritios and Brdnthes
The I$(￿)￿ethd to Yotkshke Ladies Council IHo$tel$l L￿￿ted. B jub$￿￿￿ty Cornpany Ioiho Council
n9 65 3B% of the shareC8p￿1 Th• CoKnparry run& Ftye8t Hill, a Sh￿tereC1 Scheme GroupaKounts
a￿ n￿prepared as the Companys acbvtss are whdty In(*wd&rt ofthe ¢ountyf$ opeialK)n.
3. Tran8action$ wlth Truste08 and Oth•r Connected Porsons
No tran5acbons With any Trustee twk 9￿c￿. Th•Cw￿l op8rales rent fw frtyn wemises Yorkshire
Ladies Council (Hostelsl LThitsO.
4. DOna￿on$ and Svb8criptlons
Unréstrlcted
2023
Total
2022
Total
Dofygbons i￿￿￿1n9 PriVatecoll¥ityis
by membèrs
Sub5CnPtions
Tsx [￿0Verab
1552
1552
33Q9
1370
488
498
322$
3225
5286
5. Invo¥knent Income
Unrestrhcted
2023
Total
UnreBirfcted
2022
Totsi
Gross Intere$1 fron Invesbments
Dividend cthèr ifwxa from
in￿stments
Bank and Other inierÈ$i
8322
4377
24188
25596
30513
30078

THE YORKSHIRE LADIES. COUNCIL OF EDUCATION
IINCORPORATED}
NOTES TO THE FINANCIAL STATEMENTS
FQR THE YEAR ENDED 31ST AUGUST 2023
l¢ontinuedl
6. Grants, Donatlons and Governance
ThecoUn￿l undBtskes rts acbvilieslhrough sthL4tShipsand ed￿￿tha1 avrdrdskna Ntnberof i￿1¥￿val3{￿d insirfvbW¥
in fu[1heran￿ of rts¢hartaNe objedives.
Lh)r88trlCtèd
Ro5￿cted
2023
Total
2022
Yotsl
SclKlar5hips Jwarded
Education81 grJDts awarded nei
ofwlhdrdwa15
Oonalions
14
14
254rAI
1205
28005
25400
1205
28005
480
4399
1S235
1205
18040
480
4382
Notor
G0vema￿e costs
Supwrt r￿SL$
Not•1
Tr&)to8
4399
32884
32884
22902
7. Donawons
2023
Total
2022
Total
Frorn Capital Fund
In51de Oui*d&
From Scoai ComnNtiee F￿d
Rotary Club WakefiE4d
NLCC
Insid￿oUl￿￿e
55
55
I￿0
150
1000
150
fj205
1205
8. Support Costs
2023
Totsl
202Z
Total
Adm￿l￿trator5 fee5
Ge￿[al and
Vvebsiie upd*e
A¢coun￿r￿¥
Depre￿a￿on oftsngible ffi￿￿ asset8
2807
2505
692
1170
30
4399
4382
Al (￿sts ar8 aiio¢atsd and aretrealed 0$ g0veM￿Ce (x>stsas8ward$8re dLrided bYcoMrr￿ll¢¢ ¥vF¥) provide Iheirtime ona
vdunt2ryba$K4 This lirne Is nolcosted.
Govefflan(* ￿s[SOf£4B0e0w*slhefeefoT the Ir￿e￿ndent Exarrrinatr￿ and the rek¥xt thereon.
11

THE YORKSHIRE LADIES. COUNCIL OF EDUCATION
IINCORPORATED)
NOTES TO THE FINANCIAL 3TATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023
(Continued)
9. Galns and Losses on Investments
UnrestriCt4d
2023
Total
Unre9tricted
2022
Tot
RtraI￿￿ gainslO0$8esl OTr dispDsals
Unrealised IlossesVgain5 on revaluati¢Tr
933
15.2641
1222
4,374
10. Tan9iblo Assets
Office
Equipment
Cost..
A8 811st Septsmber2022
AOditityl$- Computer
Diswsals
Asal 31st Aug￿$1 2023
7eS
763
Dpprociation
As al IS15ep￿m￿tr2O22
Charge for year
Release
As at 31slAugu¥t2023
733
30
763
Net Book V8luo
4 at 31¥lAugu512023
As at 1st Septefflber 2022
45
11. Invosbnents
2Q23
20Z2
Listed atmarkelvslue
Unlisted alcosl- Yothshre Ladies ¢oun¢l IHo¥tsl31 Lmted
Not• 12
No¢9 IJ
885876
e98638
$1
685927
698667
12. Listed Investrnents
PAark•tValue
MawketValu•
2022
2023
Equbtiesand similar Inv*strtEDts
Fixed Inte￿$1 oovemmeni securibes
442fj27
685876
453487
442e27
885876
453467
12

THE YORKSHIRE LADIES. COUNCIL OF EDUCATION
IINCORPORATED}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023
Iconlinuedl
Analysis of equttl•s and slmllar Snwstm•ntÉ
Numb•r
H4ld
Cost
Aberdeen Stsndaro FuThJ
Astrazeneca plc
A¥i¥B P
AXA Inve8lmenl Managers. US
BAE Sysiems p
1th)68
37T
1504
39795
241KI
530
6029
2088
39
40192
5644
32652
2418fj
12054
843¢
40S79
10012
10909
7968
10595
18548
2865
13008
11453
2W26
5070
896T
NY Mellon Glob81 Fund3
Pplc
Cty of London Invsl CThp
Compass tsroup pl¢
Columbi£ T Invesknenl Fund5 pl¢
Columbi8 T Investrnenl Funds plc
Flo￿ltyl￿Ves1t￿enI Funds W BU1￿¢r
Fr8ftklin Templeton Investrnenw pl¢
F & C InvesimeMTrusi plc
GSK plc
aleon Flc
HICL Infp$iru¢ture Company Ild
HSBC Holding$ pk
Int Publi¢ Partner Itd
M&Gp
M 8 G SecJJiil￿S p
M & G Seujiil￿S p
Murray Inteinational Trust
National Gr￿ Grwp pl¢
p[￿e￿I£l Cor￿ra1￿ pk
Rlo Tinto
Shdl PIC
SainsbLry{JI p
SGh[L￿er5 Unil Trust rlc
SSE plc
Unilever plc
3015
4350
1649
24375
11302
Z1000
14883
2840
1853
20fj7
83Z2
3825
11576
17(*3
32877
12746
10023
16244
14734
24￿9
22959
6867
3623
13967
22690
14fj81
1538
12057
300
14322
21054
22305
15257
3340
13868
35$93
59717
31363
16910
18324
28505
7534
34882
18870
35897
21878
3NI
5583
1780
40970
24300
31e7
335
1099
2790
33476
21176
9992
23282
17221
10018
13244
8U
83
2310
4100
6553
95
VodafoDe tsroup plc
Warehouse Reil plc
Wood$iue Energytsroup plc
1791
442627
685878
13

THE YORKSHIRE LADIES, COUNCIL OF EDUCATION
(INCORPORATED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023
IContinu•dl
13. Unlisted Inveslments
Yorkshire Ladles Coun￿1 (Hostelal Llmitsd. a 5hdtèred hOU￿Trg Comp￿ in North Leed8 of 31 Units 15 a Subsidiary Company
ofTheycrfk5hi￿ lad￿S. Coun￿1 of Edutalion Ilhas an Authoris￿ sha￿ Capital of £100 £1 Orthnarysharesof whiGh 78 are
ISSU8d The Council own5 $1 ollhèsè Share5. Dutlo ihe ￿ck oletftrtive control and the inabilty lo conift)I Ih&fulurevf the assets
Il kvlas wound up, the Company has notbgen con801idated as a Sub4diaty. Th&TtuBtses m¥intain this Islhe Slil approprHte.
Th8 com￿¥ operalès Indope￿eNttyOr￿$ p8Mtcompany.
51 Ordinary Sha￿s-2023 2022-Co81
Pticentage of Issued Sh8re ¢8pitsI
65.4
TheTrusl£es f8è1 di$ notnecessary ￿ ￿p￿tfUrtherOn thi¥ Sub¥vJ&2rybutgive the follo￿7￿9 torreferaKe putPDses.
00547893
Comrkqny Numb*.
Charity Numbei..
223853
14. Debtors
2023
2022
Income lax refund
SubscripihJn$
Fund$i0¢overgoveman￿ costs
Othor prop¥wnents
595
150
1360
1630
50
2275
2118
15. Cash at Bank and in Hand
2023
2022
B8nk and bU1￿1￿g society accoun
Pjowheld by investment managè
Cash in hand
37569
12435
31752
3508
50012
3S26U
16. Credrtors.. Amounts Falling Due Within One Year
2023
2022
Awards and stholètships a￿￿K￿riSed
Fund5 tocovergovemanee Costs
Accounbncy
SubscriptK)ns ln thl¥anee
15WO
1630
1650
16100
1316
16SO
18280
1908
14

THE YORKSHIRE LADIES. COUNCIL OF EDUCATION
IINCORPORATEDI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023
Icontinued
17. Analysls of charitab￿ Funds
Analysis of movements. rurrent year
Fllnd 8¥ 8t
1st Septernber
2022
Ineominy
OuLg¢lng
Resollr¢o$
Ilnc. lossè¥l
Funfj 18 at
31$tAugust
2023
RestrKt•d
ReslriL*ed Dmaikng
Unrestrlcted
De$￿A￿ted- Souai fund
Gènerdi Fund
895
724096
724991
1494
33247
34741
1344
38454
39798
1045
718889
719934
rotal Amd$
724991
3474
39798
719934
Puw5¢ of R£strfct£d FuDds
ND Rsthcted funds exisieo Y￿thin the starorailhe b3￿nce stseidate.
Puryx)6• of Unrestrfct£d Fthd$
The soug1 fund prowdesdonationsi¢ $imilaro19an￿￿ti0n￿ Irorn underkk¢n In the year.
The gener81 fund (trA￿tal tundl refleclsitr*i￿Uln￿ capi18110gethervAth any 5￿CIfic oonations, ￿fi5 oi inv8stmenl revalu8lion8
8nd is used lo w0V￿e incomeforthe a%%pid5 iesÈrve and ffleetlhemanagèmeni expensesof the company.
18. Mtmbèws
S2 Ordinatymembers Curreth Diembeiship 1$ £30 perannurn or£150 ts SYear6.
14 Existiry Lrfe member8e8eh haviny ￿￿t￿bUted £250.
4 Honorary rrwibers.
mbers r*￿esen1th0?e mernberswilhin the finanu81 year.
15

THE YORKSHIRE LADIES, COUNCIL OF EDUCATION
IINCORPORATED)
INDEPENDENT EXAMINER'S REPORT TO THE
EXECUTIVE COMMirrEE OF
YORKSHIRE LADIES. COUNCIL OF EDUCATION
IINCORPORATEDI
I rewrt on the8¢¢ounts ollhe Companyfor they8ar e￿Jett 31StAuou$12023vthi¢h are Set￿1￿ pageB 7 to IS
Respective responsibilities of trustees and exami￿r
7f*trusleeg Iwhtyare also thediie¢iors of the ￿MP￿Y forlhe wrposes olcompany are responsib￿ for the
preparalKJn ol Ih&8¢Eoun15. The trustees oJns*lerihal an audilis Aol reqUI￿d Por thts ytrarUnderseCti￿ 144 of
Charibes Act 2011 Ilhe ChairtEg kt) that an inJependenl examination Is nÈed8d.
S￿Sfied wLEthaltrts¢hariiy 9u*'ectrtoaudil under tsjmpany law and 1$ eligitle lorindependwl 8xaminaÈon,
il Is my iespon*bilitg to..
- ￿MIne theaxounis 145 ofthe 2011 Oharthe5Act,'
- to f[￿loWIhe prct8dU￿S laid dw In the general Di￿lon5 by ihÈ Chartty CtyTrTh￿0n
section 145l5llbl of the 2011 Charrties A¢t, and
- to st31evth8ther part￿ulaT maiter5have eomots tnyattenlion.
Ba818 of ind*pèndent 8xamin•r's report
exaMinar￿N was carried out in accnrdan￿W1ih the general DirfK)nsgiven by thè Charity Commtssion.
An examin$iion iTrcludes a revlew Df the aGwunbng [c￿rdS kept byir*¢harity and 3 CWP8rison of the 8ccounts wesentÉd
those T8￿￿0$. 11 also Indud&s ¢on$ideration ol¥Ay unusual Items tr thsd05ures in the ￿¢(￿nts. and $eeKing
eXpla￿tIOnS trom you as trusiees¢ffi¢8ming an￿ Su¢h matters. The p￿red￿re& undertaken 00 DDI provi￿¥11 eviden
thaiwould be rwulreo In al￿ltOn￿ conseque￿￿ no op1fiv)￿ isgiven as iowhethETtheacwnis piésenta trJ¢ an￿ lairirye
8nJ thp rèport15 limttod l0th0sen￿ttets setout In Ihe st8temenl below
Independent examtner's statemtnt
I hav• complètèd my o¥arnin8llon l ¢wfiTrn that N>th*enal maiters hav¢c(vn8 lo my whith 9kves mecau$e
to believethat.
accountiw record$w6re rK>l keptin a(tordance wlh 388 of the Cwp¥nies Act 200S', or
* the accountsdo not accord such r￿￿[d5. or
. the aGGounts do not ¢omplywith rèlèv￿1 underAedi¢n 3* ollhe
Compan￿SAc120ofj Olher ihan any requif8menl Ihatthe 8¢Wi￿lS give a'true and f4lrfv￿W
whith 15 not a mall8f￿$￿e[ed 3S Partof an In(Jèpendenl ¢xaminalion,' or
* the ￿￿niS havo not prepared In 8¢¢ofdancewiih th8 Chanle5 SORP IFRS1021.
I ha* no concems and havè comEacross no Olh8rfflatter5 in confte¢t￿n with theexamin8bontowhich attenith ghould
be in ihis iernri In Qrderio*na￿e a prcper uno¥rst8nding orth$ a¢¢oullts to be iea¢h8d.
27th November 2023
QLL<
David N Harley
FCA, FGGA
Walte & Haruey
66 North Str•et
Wetherby
LS22 6NR