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 2024 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 2023 to 31 March 2024: 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 or associated companies) 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. D:\1\Y\CHC\23 24 RETURN\2023 24 Trustee's Report.wpd Page 1 ## Appointment of New Trustees (Directors) The director is one of Her 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 In the year to March 31st 2024 the charity’s reserves were £64,552. 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 2023/24 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) 28 January 2025 D:\1\Y\CHC\23 24 RETURN\2023 24 Trustee's Report.wpd Page 2 THE YVES GUIHANNEC FOUNDATION Balance Sheet A8 of Matth 31. 2024 1710112S PAV 31.'24 Cwr•m A88ets Curr•nUS#vln( 1132. H￿r•S 91183980 1133 . YG F¢)uTrd Cw Homr•y 92$57912 Tatsl C￿r•rrt￿¥lN 10.995.rx) 280,(#yJ.w 290.995 0) T¢x*I Cth*vrt 29J.995. ZI00 . Inv••tn*nts ￿ SEH Law Fwid 2110. Qu¢thd S￿r•¥ X12 . Lloyds TSB 2113 . Dl¥*)n• 2114A. Smtth WH Shar•• 2115 . T•sco sharys 211 fjz . Un#¢d Lltiistlos Totsl 2116 . Untt•d Utlliibj Sharns 4,59),84 5.250.QQ 8.Sl)9.83 6.S30,LKI 27.219.99 Total 2116Z . Unftsd LItUll•• Sh•rn• T•)tsl 27219.99 2120 . Vod*lon 4,995 90 T•*1 tIlO. Q(￿thd S￿r•s s7,2￿.58 T¢)th121 IY) . InY•stTr)ètit• of SEH LTh Fund 22DO . Inv••lmonth of MT Schol FurKI 2210 . Unlt•d Utsifrtl•s ShJr•• 2211 . Uoyd¥ TSB Group Sh• 2200 . In¥•6tinoth ol IrfT $chrA . Cth•r Totsl 2200 . ¢J* MT ¥¢hc4 Fund 57.296 56 43,782.50 11.337.08 9,337.88 64.457.46 -17.9SS.31 103.788.71 394,783.T1 LIABILtTIES & Eourry Curr•nt LlabFIIth ¢)trw Cufr*nt Llablllt 1817 . Loans Ir(th St Yv•• C.T. 29Qg . WEwfT9Wlildrnd Irrt frw lo•n 2610 . Y1Eyrrw￿rt Int k￿n 2111 . WEvrr99Pll¢h••i Int Ir•• lo 2612 . WEV￿99R1Ch￿ld Int Ir•0 loèn 2813 . MDVTTgMoltgr Int frotr lown 2414 . k1Dvrr￿RCbt￿rt Ir•8 loan 261 S . NJDwfT99Micha•l Int free lo•n 2611. Miwrr99Rkhard Int loan 2621 . . Ini•i*¥t ITV• loaro 2fj￿ . OWED TO RV 2670 . Cmdltor# TOPAI Oth•r Curr•rrt LI•bllrt￿* 318.023.ryJ 100.DJ 100 Tr) 100,c 1Crf).CK) 1(M) 00 1(￿.[ 1CA).IXI 1.e(Ki.th) 8.808.39 0.05 330.231.44 Tot•1 ¢ifftnt Ll*bllltboB 330231.44 Tot*1 Llabllltl•B ew ts1231.44 145.231.82 -128.455.$8 47,776.03 64.552 27 39(h) . Ret&ln•d Fun P4gt IncorA• ToLg1 Equlty TOTAL U*BILmÉs & Eoiiiry 3M.783.71 Pw1 TDAS LTD The Yves Guihannec Foundation Studley Priory Horton Cum Studley Oxford OX33 1AY January 27th 2025 Dear Mr Venables. I have now examined the Yves Guihannec Foundation Trust Accounts and from this and the explanations given along with the supporting documentation. l am satisfied the accounts reflect a true and accurate account of the of the foundation's activities, liabilities, and equity for the period 1st April 2023 through to 31s1 March 2024. A couple of observations I've made as follows: The request from last year to revalue the trust's investment unfortunately did not happen due to time constraints. Please consider performing this action for this year, as it is now fast approaching the end of another financial year March 2025. Considering the number of emails re having sight of signed documentation, I think a firmer control process needs to be in pla￿ to ensure that all grants and donations have the letters of granudonation together with a signed acknowledgement for the receipt of these monies to be held on file. I would recommend that a review of the trust's purpose and objectives be carried out if it has not been done in the last five years. I'm saying this to ensure the trust is keeping in line with its original intentions and objectives against any changes in the environment and beneficiaries which it aims to help. Could we have this Examinationlaudit to do, in say OctoberlNovember 2025 this will be less demanding on time when the deadline is currently so near. Yours sIn￿relY TDuff F.M.A.A.T. T•1: +441011869 243SC Motr. +441017734 753C¢8 t1)rr￿td*&(¢1Uk Tom Dvff Is Il¢•nc*d4nd ré9hié1￿ ty th* Ass￿1*1•￿ ofk