## Charity Name: THE YVES GUIHANNEC FOUNDATION Charity Registration Number: 1013159 Company Registration Number (England and Wales): 02721395 Trustee’s (Director’s) Annual Report for Year ended March 31st 2023 Principal Office and Registered Office Studley Priory Horton-Cum-Studley Oxford OX33 1AY. The Charity, its Trustees and Advisers Sole Trustee (director) from April 1st 2022 to January 21 2024 31: Robert Venables K.C. The Charity has no external advisers ## History The charity was created by the director in May 1992 in memory of Yves Francois Guihannec, principally as a means of channelling his own charitable giving. It is a company limited by guarantee incorporated under the laws of England Wales. The object of the charity under its Memorandum of Association is the promotion of any charitable purpose or object and it is established for charitable purposes only. The income and property of the charity is to be applied solely towards the promotion of its objects and no portion thereof may be paid or transferred directly or indirectly, by way of dividend, bonus, or otherwise howsoever by way of profit to the Members of the charity. Objectives and Activities The charity does not conduct independent charitable activities of its own. It receives donations (largely or exclusively from its director) and then makes grants to other charities. The charity has no premises or staff of its own. It is provided free of charge with premises and office facilities by its director. It pays no fee or remuneration to its director or any third party (other than the examiner). Given that the charity has no staff, it does not encourage solicitations for grants from other charities. Appointment of New Trustees (Directors) D:\1\Y\CHC\240131 return for 22 23\2022 23 Trustee's Report.wpd Page 1 The director is one of His Majesty’s Counsel practising in the Chancery Division of the High Court of Justice. No other trustee has been appointed since creation of the charity. Reserves Because the charity has negligible operating expenses, it does not need a policy on reserves. ## Public Benefit The director considers that the charity has complied with its duty to have due regard to the guidance on public benefit published by the Charity Commission. Objectives and Activities The charity’s objects are to make grants to other charities out of whatever funds may be donated to it. It has not in 2022/23 incurred expense on fundraising activities. Achievements and Performance Given the very limited nature of the charity’s objectives and activities, there is no appropriate measure of achievements or performance. Robert Venables K.C. Trustee (Director) 31 January 2024 D:\1\Y\CHC\240131 return for 22 23\2022 23 Trustee's Report.wpd Page 2 THE YVES GUIHANNEC FOUNDATION REVISED TO 2023 Dec 30 Company Registration No. 2721395 (England and Wales) Registered Charity No 1013159 ACCOUNTS AND DIRECTOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 ## BALANCE SHEET 31 March 2022 31 March 2021 Fixed Assets Investments 103788 103788 Current Assets Debtors 0 17 Cash at bank 273354 312984 __________ __________ Total Current Assets 273354 313001 TOTAL ASSETS 377142 416789 Creditors: amounts falling 360366 352073 due within one year Current Assets Minus current liabilitie -87012 -39072 Total Assets less current liabilities 16776 64716 Capital and Reserves 16776 64716 Referable to loss for year -47940 The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. No members of the company have required the company to obtain an audit in accordance with section 476 of the Companies Act 2006 The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for the preparation of accounts. These accounts have been prepared as micro-entity acccounts in accordance with special provisions applicable to companies subject to small companies' regime The director of the company has elected not to include a copy of the income statement with the financial statements on the balance sheet The financial statements as revised were approved by the director on 2022 Dec 29 By Order of the Board Robert Venables K.C. Director 2022 Dec 29 THE YVES GUIHANNEC FOUNDATION REVISED TO 2023 Dec 30 Company Registration No. 2721395 (England and Wales) Registered Charity No 1013159 ACCOUNTS AND DIRECTOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 INCOME STATEMENT 2022/23 2021/22 Income Investment Income 4627 3457 Donations Individuals 0 Charities 0 Corporate 0 117435 Total Donations 0 0 Miscellaneous Income 0 0 Total Income 122062 3457 Expenditure Grants Grants to Charities 170002 70250 Grants to Individuals Grants Total 170002 0 70250 Income Refundable 31651 Miscellaneous 619 Total Expenditure 170002 102520 Excess of Income Over Expenditure -47940 -99063 REVISED TO 2023 Dec 30 Company Registration No. 2721395 (England and Wales) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 1 Accounting Policies The financial statements are prepared in accordance wuth FRS102 SECTION 1A - The Financial Reporting Standard applicable in the UK - and the Companies Act 2006. with the special provisions applicable to companies subject to the small companies regime Fixed asset investments are stated at cost less provision previously made for diminution in market value. Bank HOARE CURRENT 23354 HOARE DEPOSIT 250000 Total 273354 Investments constituted Total other assets 103788 Invesments 103788 2 Debtors consisted of Loans interest-free to other English charities 0 9625 Miscellaneous 17 Tax refund due 0 0 Total 0 9642 Total Assets 377142 3 Creditors Consisted of Amounts accrued in respect of accountancy fees 0 0 Interest-free loans from trusts 360366 336173 Total 336173 Total equity = 16776 ------------------------------ see WP and pdf version 501 TDAS LTD Tom DullA•9￿1•￿OyI•1¥l￿ The Yves Guihannec Foundation Studley Priory Horton Cum Studley Oxford OX33 1AY January 26th 2024 Dear Mr Venables, I have now examined the Yves Guihannec Foundation Trust Accounts and from this and the explanations given along with the supporting doGumentation. l am satisfied the accounts reflect a true and accurate account of the of the foundation's activities, liabilities, and equity for the period 181 April 2022 through to 3151 March 2023. Comments made on Ihe audit. It has been noted that the bank accounts have been changed from the Midland Bank and HSBC to Hoare and Co since the previous audit. It has also been noted that a revaluation of the investments should be instigated prior to the next financial year end if possible. Yours Sincerely TDuff F.M.A.A.T. rheorrKe5 alThr¢¢C￿Tr[lS •1..*44(011•69 24350 Mob.- +44(0177Y ?SJ¢q8 iom•tdb&