Statement on financial reporting
Welcome to Yorkshire applied to Companies House on 28th January 2020 to extend the organisation’s financial year (2018-2019) by 6 months, bringing the filing deadline to June 2020. Companies House immediately agreed the application. This will enable Welcome to Yorkshire to present a broader and more detailed picture of its financial position, over and above its legal obligations, and covering an 18 month period. This builds on the work led by Peter Box, Chair of Welcome to Yorkshire, who, since becoming Chair in October 2019, has overseen a review of the organisation’s financial planning and governance arrangements.
New Board member, Paul Grace, the former head of Customer Banking at Yorkshire Bank, will take the lead for the Board on financial planning.
Paul, who has 24 years’ experience in banking and financial services, said: "As a Board we felt it prudent to extend Welcome To Yorkshire’s financial year end by 6 months to allow the new Board to fully review our current financial position with a view to publishing our finances covering as much as 2019 as possible. This will also allow the new Board sufficient time to complete Welcome To Yorkshire’s future business plan"
Peter Box said: "Paul’s expertise, added to the work we’ve already been doing, places us in a stronger position to confidently report on our current and future financial arrangements. This extended financial reporting period offers anyone interested a full account of our financial obligations."