THE WYN AND KEN LO MEMORIAL FOUNDATION
(Registered Charity No. 1000897)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE WYN AND KEN LO MEMORIAL FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
Page
Trustees, Annual Report
Independent Examiner's Report
ststement of Financial Activities
Balance Sheet
Notes to the Financial Ststements
9-15

Page 1
THE WYN AND KEN LO MEMORIAL FOUNDATION
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees of the Wyn and Ken Lo Memorial Foundation {"the trust" or "the charity") submit their report
and the independently examined financial statements for Ihe trust for the year ended 31 December 2024.
These have been prepared in accordance with the accounting policies set out on pages 9 to 15 and
comply with the charity's trust deed and applicable law.
The financial statemenls comply with the Charities Act 2011 and where relevant, the Charities Act 2022.
the Foundation's trust deed dated 26 October 1990 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 - SORP (FRS).
REFERENCE AND ADMINISTRATIVE DETAILS
The Wyn and Ken Lo Memorial Foundation, regislered charity number 1000897, is based and
administered in the United Kingdom. The registered address is Eighth Floor, 6 New Street Square.
London, EC4A 3AQ.
The names of the trustees who served throughoul the year and continue to serve at the date of this
report's approval are:
Nicholas Lo (appoinled 9 October 2025)
Ann Mary Rodrigues
Bernard Norman Lo
Francis Richard Lo
Accountants:
Rawlinson & Hunter LLP
Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ
Investment Managers:
Navera Investment Management
Riverside House, 2a Southwark Bridge Rd. London SE19HA
Ruffer LLP
80 Victoria Street, London, SW1 E 5JL
Bankers:
HSBC Bank plc
5 Wimbledon Hill Road, Wimbledon, London. SW19 7NF
Solicitors:
Withers LLP
16 Old Bailey. London. EC4M 7EG
Independent Examiner:
Chrislopher Hawley FCA
Eighth Floor, 6 New Street Square, New Fetter Lane, London EC4A 3AQ

Page 2
THE WYN AND KEN LO MEMORIAL FOUNDATION
TRUSTEES, ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Wyn and Ken Lo Memorial Foundation was estsblished by a Deed dated 26 October 1990 and
is an unincorporated charitable trust bound by the proper law of England and Wales. The settlor
was Robert Anthony Lo.
The entire resources of the charity have been unrestricted throughout the year and the trustees
have complete discretion for their use.
The trustees usually consider new donalions at the trustees, meetings.
The trustees, investment powers are unrestricted.
The trusfiees have the power to appoint new or additional trustees provided that the totsl number
does not ex￿ed fourteen.
Trustees, responsibilities statement
The trustees are responsible for preparing the Trustees, Annual Report and the financial
statements in accordan￿ with applicable law and United Kingdom Accounting Standards {United
Kingdom Generally Accepted Accounting and Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial
statements for each financial year which give a true and fair view of the state of the affairs of the
charity and of the incoming resources and application of resources of the charity for that period.
In preparing those financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently.
observe the methods and principles in the Charities SORP 2019 (FRS 102);
make judgements and estimates that are reasonable and prudent;
stale whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare Ihe financial statements on a going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time Ihe financial position of the charity and enable them to ensure that the
financial statemenls comply with the Charities Act 2011 and where applicable, the Charities Act
2022, the Charity (Accounts and Reports) Regulations 2008 and the trust deed. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
Induction and Iraining
Training of Ihe trustees is adopted on an informal basis. All truslees are kept informed at meetings
of their duties and obligations under the law in addition to their proper conduct.
Pay policy for senior staff
The trustees comprise the key management personnel of the charity who are in charge of directing
and controlling, running and operating the charity on a day to day basis.
All trustees give their time freely and no trustee received remuneration in the year. Delails of
trustees, expenses and related party transactions are disclosed in the notes to the financial
statements. There are no staff other than the trustees.

Page 3
THE WYN AND KEN LO MEMORIAL FOUNDATION
TRUSTEES, ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Risk management and govemance
A risk assessment has been undertaken which comprises of:
an annual review of the risks the charity may fa￿.
the establishment of systems and procedures to mitigale those risks; and
the implementation of procedures designed to minimise any potential impact on the charity
should those risks materialise.
This continuing prO￿sS will identify risk areas to which the charity is vulnerable and highlight any
necessary safeguards that will need to be put in place. No major risks were identified at the date of
these accounts.
The trustees have signed fit and proper declarations in line with HMRC guidance.
In addition, the trustees have taken due consideration of Good Governance
A Code for the
Voluntary and Community Sector, ensuring that the seven main principles of the Code are
adhered to. These are,.
Organisational purpose.,
Leadership.
Integrity.
Decision-making, risk and control"
Board effectiveness.
Equality, diversity and inclusion. and
Openness and accessibility.
The trustees recognise thal good governan￿ plays an essential part in securing the future of the
charity and confirm that the said principles of the Code are followed by them in leading, directing
and managing the charity.
Intemal Controls
The trustees have overall responsibility for ensuring that the charity has appropriate systems of
intemal controls. They are also responsible for keeping proper accounting records which disclose
with reasonable accuracy at any time the financial position of the charity and enable them to
ensure that the financial statements follow best practice. They are also responsible for the charity
safeguarding its assets and hence for taking reasonable steps for the prevenlion and detection of
fraud and other irregularities.
The system of internal controls is designed to provide reasonable, but not absolute, assurance
against material misststement or loss.
The objects of the charity are to apply capital and income for such charitable purposes, charitable
institutions or charitable foundations, in such countries and in such manner as the trustees in their
absolute discretion think fit. The trustees usually consider new donations annually or more
frequently if the need arises.

Page 4
THE WYN AND KEN LO MEMORIAL FOUNDATION
TRUSTEES, ANNUAL REPORT (contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2024
GRANT MAKING POLICY AND OBJECTIVES
In general, the trustees are more inclined to provide benefit to charities which provide a broadly
humanitarian, practical purpose. Furthemiore. Ihe trustees have adopled a practice to make
donations to some charities on a regular monthly or annual basis. However, new appeals are also
reviewed and donations allocated accordingly.
Postal appeals are sent to the principal address and considered by the trustees periodically.
Statement of Public Benefit
Trustees are aware of the Charity Commission guidance on Public Benefit and confirm that they
have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to it.
They consider the information which follows in this annual report, about the trust's aims. activities
and achievements in the areas of interest that the trust supports demonstrates the benefils to its
beneficiaries, and through them to the public, that arise from those activities.
Fundraising
The trustees have referred to the Charities (Protection and Social Inveslment) Act 2016 ("the Act")
and the Guidance on Charities and Fundraising issued by the Charity Commission {'CC20"). They
confirm that the Act and CC20 have no impact on the charity as it does not engage in any public
fundraising activities.
ACHIEVEMENT AND PERFORMANCE
Charitable Activities
Charitable activities included direct charitable expenditure for 2024 which totalled £57,525 (2023
£195,108) with the number of charitable causes benefiting from such donations being 6 (2023
20), including payments made towards existing commitments.
During the year the charity met its objects by awarding grants. Listed below are some of Ihe major
organisations to benefit from support..
Christian Care Merton - Christian CARE is a charity working in the London Borough of Merton,
committed to the relief of poverty within this borough by offering support to children, families and
those effected by disabilities, illness, abuse and homelessness
Off the Fence - A Brighton based organisation with a focus on resisting poverty, empowering
people and restoring hope for the homeless, women and children in the local area.
FINANCIAL REVIEW
Investment Management
Under the terms of the trust deed dated 26 October 1990 logether with all other statutory powers
enabling them, the trustees may invest monies in any stocks, shares. funds. securities, bonds or
other investment or property of whatever nature in any part of the world as they see fit.
The assets of the charity consist principally of investments and cash and these are collectively
recorded on the Balance Sheet and supporting notes at their market value on that date. Any
increase or decrease over cost on the restatement of these values is recorded in the Statement of
Financial Activities.

Page 5
THE WYN AND KEN LO MEMORIAL FOUNDATION
TRUSTEES, ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW (continued)
Investment Management
During the year, Veritas Asset Management (UK) Limited and Ruffer LLP acted on behalf of the
trustees to manage the investment portfolio and to provide safe custody of the securities. The
trustees, investment approach is for a balanced return within the context of a moderate level
attitude to risk.
The trustees are satisfied with the composition of the current portfolio and that it will enable the
charity to meet its ongoing objectives.
Income and Expenses
Incoming resources for the year totalled £66,238 (2023 £41.193). The charity's resources are
entirely generated from the trust's investmenl portfolio and deposit interest from monies held on
deposit.
Investment income for the year was £66,238 (note 2) reflecting a 60.800/0 increase over investment
income arising the year lo 31 December 2023 (£41,193).
Investment management costs of £33,013 were incurred this year (2023 - £49,936). The decrease
is as a result of moving to a fund based investment approach for one of the portfolios, where fees
are deducted intemally from the fund value.
The trustees, policy is to allocate any professional charges and administration costs incurred by the
charity solely to the income fund.
Reserves policy
The trustees have for many years adopted a full income distribution policy. There are no further
commitments other than those already provided for in the financial statements at the year-end for
which reserves need to be made available.
Total unrestricted funds at 31 December 2024 were £4,145,693 {2023- £3,913,624).
PLANS FOR FUTURE PERIODS
The trustees have been satisfied with the grant making objectives bul believe there is scope to
maximise their impact when investment performance allows and will look to increase the value of
annual grant awards in future years.
Approved by the trustees and signed on
their behalf by:
Q/io /2&2S
Trustee
Date

Page 6
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
THE WYN AND KEN LO MEMORIAL FOUNDATION
I report to the charity trustees on my examination of the accounts of the Wyn and Ken Lo Memorial
Foundation for the year ended 31 December 2024 which are set out on pages 7 to 15.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145(5){b) of the Act.
Independent examiner's statemenl
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records" or
the accounts do not comply with the applicable requirements concerning the form and contenl of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view. which is not a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Christopher Hawley FCA
Chartered Accountant and Independent Examiner
Eighth Floor
6 New Street Square
New Fetter Lane
London
EC4A 3AQ

Page 7
THE WYN AND KEN LO MEMORIAL FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Funds
Income
Capital
Fund
Fund
Total Funds
Page
2024
2023
Income from:
Investments (note 2)
11
66,238
66,238
41,193
Total income
66,238
66,238
41,193
Expenditure on:
Charitable activities (note 3)
Raising funds {note 4)
12
13
71,625
33,013
71,625
33,013
202,916
46,936
Total expenditure
104,638
104,638
249,852
Total gains on investments (note 5)
13
254,804
254,804
136,272
Net incomel(expenditure}
(38,400)
254,804
216,404
(72,387)
Transfers between funds
38,400
(38,400)
Gains on foreign currency
15,665
15,665
13,144
Net movements in funds
232,069
232,069
(59,243)
Reconciliation of funds:
Total funds brought forward at 1 January 2023
3,913,624
3,913,624
3,972,867
Total funds carried forward at 31 December 2023
£4,145,693 £4,145.693 £ 3.913,624
There are no recognised gains or losses in the years to 31 December 2023 or 2024 other than those
included in the statement of financial activities.
All incoming resources and resources expended derive frorn continuing activities.
The notes on pages 9 to 15 form part of these financial statements

Page 8
THE WYN AND KEN LO MEMORIAL FOUNDATION
BALANCE SHEET
AT 31 DECEMBER 2024
2024
2023
Page
Fixed assets:
Investments (note 5)
13
4,095,828
3,947,849
Current assets:
Debtors (note 6)
Cash at bank (note 7)
13
13
1,123
96.015
46,070
97,138
46,070
Liabilities
Creditors: amounts falling due within
one year (note 8)
14
(47,273)
(62,819)
Net current assets
49,865
(16,749)
Total assets less current liabilities
4,145,693
3,931,100
Creditors: amounts falling due after more
than one year {note 9)
14
(17.476)
Total net assets
£ 4,145,693
£ 3,913,624
The funds of the charity:
Unrestricted capital fund
Unrestricted income Fund
4,145,693
3,913,624
Total charity funds
£4,145,693
£ 3,913,624
Approved by the trustees and signed on
their behalf by:
Trustee
Date
The notes on pages 9 to 15 fomi part of these financial statements

Page 9
THE WYN AND KEN LO MEMORIAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basls of Preparation of Financial Statements
The financial statements have been prepared in accordance with 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
(FRS 102) ("Charities SORP FRS 102"), the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102}, the Charities Act 2011 and where relevant, the
Charities Act 2022 and UK Generally Accepted Accounting Practice.
The charity constitutes a public benefit entity as defined by Charities SORP FRS 102.
The trustees have applied the provisions in FRS102 published 5 October 2019 and accordingly
has not included a cash flow statement on this basis.
The significant accounting policies applied in the preparation of these financial statements are set
out below. These policies have been consistently applied to all years presented unless othe￿iSe
stated.
In applying the financial reporting framework, the Trustees are required to make a number of
subjective judgements, for example in respect of significant accounting estimates. Estimates and
judgements are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed to be reasonable under the
circumstances. The nature of the estimation means the actual outcomes could differ from those
estimates. The Trustees confirm that they have made no significant estimates and judgements
affecting these financial statements.
Investments
Quoted investments are included at closing mid-market value at the Balance Sheet date. Realised
gains and losses on investments are recognised on disposal on investments and any gain or loss
on revaluation is taken to the Statement of Financial Activities (SOFA). The determination of any
gains and losses is calculated by reference to the value of such assets at the beginning of the
accounting period.
Cash held for investment is included within the Fixed Assets Investments in accordance with the
applicable statement of Recommended Practice.
Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are recognised at transaction value and subsequently
measured at their settlement value.
Incoming Resources
Investment income is derived from dividend and interest receivable from investments and is
accounted for in the period in which the charity is entitled to receipt. Interest from deposit accounts
are included as and when received only. All incoming resources are included in the SOFA when
the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Page 10
THE WYN AND KEN LO MEMORIAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (continued)
Resources Expended
All expenditure is included on an accruals basis and is recognised when there is a legal or
constructive obligation committing the trustees to the expenditure.
Charitable activities comprise grants, donations and support costs {including governance costs)
made during the period and are expended through the SOFA when the offer is conveyed to the
recipient.
Govemance costs relating to the general running of the charity, as opposed to the management
functions inherent in generating funds.
Status of funds
The entire resources of the charity are unrestricted and the trustees have complete discretion for
their use in pursuance of its objectives.
Foreign currency
Assets and liabilities denominated in foreign currencies are translated at the rate of exchange
ruling at the Balance Sheet date. Transactions denominated in foreign currencies are converted at
the rate of exchange ruling at the date of the transaction. All translation differences are taken to the
Statement of Financial Activities as they arise.
Taxation
The charity is nol subject to any taxes on its charitable activities. Irrecoverable VAT is charged
against the category of resources expended for which it was incurred.
Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised as expenditure.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held on call with banks, other short-term
highly liquid investments with original maturities of three months or less and bank overdrafts. Bank
overdrafts, when applicable, are within borrowing in current liabilities.
Provlslons
Provisions are recognised when the charity has an obligation at the Balance Sheet date as a result
of a past event. it is probable that an oufflow of economic benefits will be required in settlement
and the amount can be reliably estimated.

Page11
THE WYN AND KEN LO MEMORIAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES {continued)
Going Concern
The trustees have assessed whether the use of the going concern assumption is appropriate in
preparing these Financial Statements. The trustees have made this assessment in respect of the
period to 31 December 2024.
The financial statements have been prepared on a going concern basis as the Trustees believe
that no material uncertainties exist. The current uncertainty in the global economy, including cost
inflating factors, have increased financial pressure on charities. The Trustees have considered Ihe
level of funds held, the expected level and security of income and committed expenditure for twelve
months from the date of signing of these financial statements. The Trustees are satisfied the
forecast inGome and reserves are sufficient to cover all of the budgeted expenditure lo be able to
continue as a going concern. The Trustees therefore consider the adoption of the going concern
basis in preparing these financial statements continues to be appropriate.
Judgements and key sources of estimation uncertainty
In preparing these financial statements, the trustees have to make judgements on how to apply the
charity's accounting policies and make estimates about the future. The critical judgement that has
been made at arriving at the amounts recognised in the financial statements and the key area of
estimation uncertainty that has a significant risk of causing a material adjustment to the carrying
value of assets and liabilities in the next financial year is discussed below..
Liabilities falling due after more than 1 year
i) The trustees have assumed an applicable discount rate (interest rate) of 30/9 per annum at 31
December 2024 to discount the future cash flows relating to grants payable lo the present
value. A higher discount rate would result in a lower discounted liability value being presented
as a liability. A lower discount rate would result in a higher discounted liability value being
presented as a liability in these financial statements- and
ii) have estimated the grant payment dates based on their expectation of when the recipienl will
call on the cash. A longer period would result in a higher discount and a lower liability value
being presented as a liability in these financial statements. A shorter period would result in a
lower discount and a higher liability value being presented as a liability in these financial
statements.
Page
2024
2023
INCOME FROM INVESTMENTS
Income from quoted investments
59,291
35,665
Bank deposit interest
6,947
5,528
Total Income from investments
£ 66,238
£ 41,193

Page 12
THE WYN AND KEN LO MEMORIAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
2024
2023
EXPENDITURE ON CHARITABLE ACTIVITIES
Grants Awarded:
Christian Care Merton
Off the Fence
Leonard Cheshire
Roald Dahl Marvelous Children's Charity
AMOS Trust
Evergreen Africa
Hope for Justice
Measham Foundation
Unicef
Carers Worldwide
1001 Fontains
Solar Aid
Re-Engage
Hope Community Villa
CFAB
Habitat for Humanity
Refugee Education
ACAA
Christian Aid
Freedom from torture
North London Hospice
Finance expenditure arising on unwinding discount of long-
term grant commitments
45,000
12,000
3,500
135.000
10,000
7.000
6,060
6,000
4.000
3.500
2,000
2,000
2,000
2,000
2,000
2,000
2,000
1,000
1,000
1,000
1,000
1,000
525
1,048
Total grants awarded
£ 57,525
£ 195,108
Support costs
Accountancy and administration fees
Independent examination fees
Bank Charges
12,840
1,200
60
6,540
1,200
68
Total support costs
14,100
7,808
Total charitable activities
£ 71,625
£ 202,916

Page13
THE WYN AND KEN LO MEMORIAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
2024
2023
EXPENDITURE ON RAISING FUNDS
Investment management fees
33,013
46,936
Total expenditure on raising funds
£ 33,013
£ 46,936
INVESTMENTS AND CASH UNDER MANAGEMENT
Quoted investments within the United Kingdom
Quoted investments outside the United Kingdom
1,217,214
2,839,384
871,989
2,879,112
4,056,598
3,751,101
Cash held as part of the investment portfolios
39,230
196.748
£ 4,095,828 £ 3,947,849
Analysls of movement of investments
Net realised investment gain
Net unrealised investment (lossygain
327,205
(72,401)
20.760
115,512
Net gainl(loss) on investments
£ 254,804
£ 136,272
Market value at 1 January 2024
Additions at cost
Proceeds from sales of investment
Net gain on investments
3,751,101
3.832,863
4,821,304
1,408,616
(4,770,611) (1,626.650)
254,804
136,272
Market value at 31 December 2024
£ 4,056,598 £ 3,751.101
DEBTORS
Dividends in the course of collection
1,123
CASH AT BANK
HSBC Current Account
HSBC Deposit Account
Coutts & Co Account
75,250
5,678
15.087
40,510
5,560
£ 96,015
£ 46,070

Page 14
THE WYN AND KEN LO MEMORIAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
2024
2023
CREDITORS - amounts falling due within one year
Accountancy and administration fees
Donation Commitments
Investment management fees
Independent examination fees
18,600
18,000
8,273
2.400
11,760
36,000
12,659
2,400
Total creditors - amounts falling due within one year
£ 47,273
£ 62,819
CREDITORS - amount falling due after more than one year
Donation Commitments
17,476
Total Creditors
one year
amounts falling due after more than
£ 17,476
10. CHARITABLE ACTIVITIES- GRANTS PAYABLE
No new multi-year commitments were made in the year nor in the year to 31 December 2023.
The total outstanding commitments. as at 31 December 2024, are noted in Note 8 and Note 9
above.
11. TRANSACTIONS WITH TRUSTEES AND CONNECTED PERSONS
No trustee received any remuneration or expenses during the year ended 31 December 2024
(2023 £nil).
There were no other related party transactions during the year.
12. ULTIMATE CONTROLLING PARTY
The trustees consider that the Foundation is jointly controlled by the trustees and Ihat there is no
ultimate controlling party.

Page 15
THE WYN AND KEN LO MEMORIAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. PRIOR YEAR INCOME AND CAPITAL FUND ANALYSIS
Income Fund Capital Fund
Total Funds
Income from:
Investments
41,193
41,193
Total income
41,193
41,193
Expenditure on:
Charitable activities
Raising funds
202,916
46,936
202,916
46,936
Total expenditure
249,852
249,852
Total gains on investments
136,272
136,272
Net expenditure
(208.659)
136,272
(72,387)
Transfers between funds
208,659
(208.659)
Gain on foreign currency movement
13,144
13,144
Net movements in funds
(59.243)
(59,243)
Reconclllatlon of funds:
Total funds brought forward at 1 January 2023
3,972,867
3,972,867
Total funds carried forward at 31 December 2023
£ 3,913,624
£ 3,913,624