REGISTERED CHARITYNUMBEIL" 1076803 REPORT OF THE TRUSTEES AND FOR THE YEAR ENDED 30 SEFfEMBER 2023 FOR THE YAPP CHARrrABLE TRUST RKf Ribche5teT5 Accow)thnts and Business AdvisiKs Fithcbale House Belmont Busitw Park DHI ITW
THE YAPP CHARrrABtI TRUST COP4TENTS OF THE FLNANCIAL STATEMENTS FOR THE YLIR ENDED 30 SEvfEMBER 2023 Pge Report ofthe Trnstees I to 9 Independent Examlner's Report 10 Statement of FiDaDcia] Activltles Ba]anee Sheet 12 Notey to the Filln¢i Statements 13 to 22
THE YAPP CHARrrABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED JO SEYfEMBER 2023 The thjstees present their rep)rt with the fla1 statements of the GIrIty the yw ended 30 September 2023. The twstees have adopted the provi5iolls of Aecounting and ReponyDg by Charities.. Ststement of RecoTDTnellded Prncti¢e applicable to charities preparing their accounts in accordan with the FiTtsllcial Reprting Stsndard applicable in tbe UK 9d Republic of treland (FRS 102) (effective l January 2019). OBJEcfivES AND AlTIEs Objectiv¢5 and ai]Ds The objects of The Yapp Charitsble Trusl combine the objects of tbe two origtnl Trusts: To promoie or assist any charitable activity dire£t&l to: o The care or housing of elderly people o Th¢ welfare of children al young people. including youth clubs. hoste]s and sirnilar i[L8titions o The care or spe¢ia] education of people who have learning ditTi¢uitie& or are phy&IlY disabled or wff¢r from ntal health problerns o The advancernent of mora] welfar¢ o The advancement of education and learning. and of scientific and Mlea1 earth. Grants are made using the income geneT*ed from investments held by the ttv5tees and are only made to organisatioDS registered with and regulated by the Chatity Commission for England & Wale& Whilst some of the chariti&% may undertake artivities outside of England or Wales, the Trust only fimds work that is Iklivered in one or IK)th countries. The Trust does not fund overseas activity. Illhere the is m&le to a registrrol cbarity the ttwtees are confident that the gront has been made to fither a cljaritsble purtMTrse to the public nefi1. In all c&se5 the always seek feedback oll the actual use of the grants given and the achievements made so that know how the funds were used in prdctice. Public nefit The Ttust carries out its choritable for the public benefit by making grants to otb¢r charities undertaking wo within one or more tegOrieS IElderly, Youtty Disability, Social Welfare alld Fthcationl that llect the Trust's objects. The tn]stees conf]nn that they have complied with the ro4uxrements ofsectioll 4 of tbe Cbarities Act 2011 to bave due regard to the publi¢ ben¢fit guidan published by the Charity COnlSsion for F¥Jand and Wales. Page I
THE YAPP CHARITABLE TRusr REPORT OF THE TRUSTEES FOR THE TrTAR ENDED 30 SEPTEMBER 2023 Grant malullg policies Applications are accepted fr¢mi [¢Stered chaTiti&s working ill Englalld and WeS. Within the broad range of the TTusVs objecis th¢ tn]stees give priority to the stnall£%t chwities (with a projected expenditure of less than £40,(KJ) per year). Jn recognition that many SOUrS of fvnthng are open ¢)nly lo newly eStab]is1 projects, the tnLgtee8 concentrdte on helping to sustain existing work rntber than funding new worL To eligible for consideration, cbarities must have bee fornully established for a minimum of three years. Grants ar¢ offered to continue work that is already haping rather than to start a new deY¢loprnent. Priority is givell to.. o Work that is untiltsve to the g¢neral public or with other fimders o Serwices that h¢lp to impTOV¢ the lives of marw11sL disadvantaged or isolated pwle o Applicants that can demonstsate an effectivewe of volunte5 o Charities that seek to be prevcntive and aim to change opinion and bellaviour throu8b t#iSiD8 awareness of is5ULS, edltiOn and campaigning o Applicants thai can deTnoDstrdte (wh¢r¢ feas1le) an elanent of self-sustrithility by ¢lwgitJg subsctiptioll&lfets tr) setvice usets Grdnts axe offered to SUprt nEnning costs and salaries for up to three years. Grants att uot available to lst with capital expenditure. Ongoing grants (typicauy for 3 years) f¢)rni the majotity of the budge¢ demonstrating the t$, cornmittnent to sustaining work that h&s proveAI its ¥ve. Details of how to apply for grnllts. together with detailed 8uide]in&s and appkn'c4tion fonDs, are available on the Tnjst's website {www.yappchaTitabletrust.org.uk}. The Tnjst is akn listyj ID the major directories a1 datsbase5 of gtallt.makers. All potential appli&ints are eDcouraged to telepholle to dis¢uss their apptsc&ion rfthey Wis Ther¢ is a welcome trend for potential applicauts to accept the offer of a p1]MInary discu&%i0 which WJ save much time and disapEK>inttnent for charitiG% that are unlikely to be fiu)ded Exploratory dIsc5S1OnS a]so frequently regjlt ill an application for ongoing core filllg rather than the one4>ff PTOjeCt funding request that had intt(Mlucd the discussion. The Tnt Secretary and Trustees uTmk¢ a&s¢ssrn¢nt visits to applicant OTwaDlsats"0s (and nx)Ditoring visits to 8raut bolders). Sllch visits enable representatives of the Tntst to gain a greater utKierstsnding of rhe i&•Jes that the charities applying for fimding are aiming to addre&%. MoDitoiing visits giv¢ an insight illto htsw the gtaDts awar1 by the Tn¢ are applied to benefit those in need. The grant lEIng tK>licy is review at biennial stiatcgÉc uKetings to ensure that it continues to reflect the charitys objects and adyance public benefit. The 12kst strdtegic review meeting t(K)k pla in November 2023.
THE YAPP CHARrrABLE TRusr REPORT OF THE TRUSTEES FOR THE YL4R EL¥DED 30 SEPTEMBER 20L3 AClllEVEMEf4T AL¥D PERFORMANCE Ch&rit&ble Adivitie5 Duting the year 190 (2022.. 125) completed application f(Nms were e1Ve of wM"ch 122 (2022.. 81) were accepted as eligible within tbe Trust's Criteria alld wete &ssed filltba by the STrtsry / Administrator. Trusttts recognise thai if the Tnt is over publiciscd then it runs th¢ risk of lg inundated with grant applications requesting fidIllg from a lirnited budget. An average of 32 /. (2022.. 261J/o) of eligible applications received dwing the year were fi]nded and the trustees are keen to maintain a reasonable suc£e&s rate for applicants. As such, the Administrdtor will continue to Ptomote the tsust via swial lldIa posts and dirwt engagement with relevant VCS infrastswttwe agencies to conserve a reasonable balance between the nw)hber of elibrible applications receiv and the amount of bjllding available to distribute in grdnts. 39 (2022.. 32} grants were awde¢L totaling £207.250 (2022: £192.(thl Grdnts were rna(k witbin all priority categories. The largest proportion of funding w&5 awarded in the South West (180/0) with grants totaliDg £37,0(K>. Most grals 133.5/1 were made to support work under the Elderly category 112 chatities e1ved fiu)diDg totaIing £70,500). OraTrts are listed in the notes kn the acCots and are analysoj within the various categorics of the Tn8 objects. Examples of ent grants are published on the T[SeS website but fulld8 awalded this year include.. . A 9,000 Disability grdnt over 3 Y[& towards the costs of sith and leisure activities for thildren aDd young people Teesside with learning disabilities andlor physical or s¢nsory impainnents. . A £6.0(KJ Education granl ov¢r 2 years towards supp)rtin8 UK refugees atd asylum sttkers by inwroving a¢ccs5 to high¢r education aTLd vocatiotsal traini . A £9,(M)O Elderly 8rnttt over 3 years towards the TullD] ¢05ts of a sitting service 5UPPOttitig caTUS in Lincohthire. . A £9,0(M) Social Welfare grant ¢)ver 3 years towards the rullni costs of a clharity supporting sotne of the ttx>st vulnerable individlla15 aud falnilies in the Prescot and Whiston areas of Mersey&d¢. . A £4,(MM) Youth over 2 years towaTds the numing costs of SUFfKyrting yOug men witb or at risk of drngs and alcohol related issues in Powys. The tsustees invite applications for grauts for up to three years. 35 of tbe 39 grants awar1 were foT more than one yw. representing 89.5/. (2022.. 62.50/0) of the totsl number of grdDts awarde As a gr$Dt.llker the Tmst has no direct relationship with the F*nefi¢iaries of the charities who use the Trusvs money. The ttithes rely on the work of the stsff and voluntem of those ¢harities. Feedback on applicallts, expertence of the gryant-making process and their relationship with the Tn]st duting the life of the t iw provided helpful suggestiOIJS for improvements, which bave been itnplemente(L The Trust seeks initial feedback from new grant holdry shortly aller they have reiVed ther first p&yment (whilst the Tt application and &&ent processes are fresh in their minds). The Tn used a questionnaire {A5sessment Feedback Fomi) for this purpose and asks 8rdDt holder5 to rate thc Tn]st {5 points on a scale from very good to very poor) in four separate arcas.. Initi enquiry l ¢ontX ¢larity and layout of appliatlOD lljaterial. the essIent pr(eSs. and Ex)st decision-makin& In the year euded September 2023 there was a {2022: IIXJ&/o) response rdt¢ for initial feedback The tsverwbelming majority of lt holder5 tated the TE41 Is ery iti all 8t. The Tr5tst financially suprted CAST in its develOpent of GTalltsAdvisor UK la website that a]lows grant seeker5 and Te¢ipients to share their first-hand experiences of working with fi]nder5}. Feedback i5 collected allonymously alld fimders can resnd to feedbackl¢omments. The portal was officially launch in May Yapp has since received a high nurnbcr of review5 (all posiuve) in ¢ompaTison to other trSts alld foundats.ons rebnsteTed with the site. The Tn]st Secretsry actively promotes the site to obtain a broad range of revi¢ws from grdnt seekers at all stages of their application with u5 {including unsuccessfid applicallts). In July 2023. the knsment Feedback Fomi was replaced with a link to GrantAdvisoi in grant offer lettrrs to succfi appliwhts. Feedbacwreviews during the year frwtly expre& appreciation of the s]tnple application and rnODitoring process. For exaPIe..
THE YAPP CHARITABLE TRUST REPORT OF TEIE TRLSTEES FOR THE YEAR EIIDED 30 SEvfEMBER 2123 "I felt that from the beginntng they were on our side and belped if we w¢r¢ not Sure of anythsng. I wouid just say bave all YOUT do¢uments at the ready and have a clear plan as to why you need the fill1g and then just be totslly honest It 15 not a test you have to p&&% youiitst state your need alld if they call they will he4> you" "The Yapp Charithle Tnt has a very Straigbrfonvard and acixssible appiicatioTh process. Communication along the various stages of the application is excell¢nL with the applicaut k[WIng exa¢tty how thillg5 StalliL We wish all applicatiOD proc¢$ses w¢r¢ I¢ this.. "The application proce&s w&% very stiaightfonvard. Infommtioll requ&sted aped to be relevallt for the &sse&sment process. It is always a ¢hallenge to provide all$we in the character limit but it (kKs force yoll to be con¢ise.' "I found the application and $Sment pr¢Ke&s Very sm(K)th and wbcll I bad questiOD4 1 could ask Joanne who alway5 responded quickly. As J had a very positive expeTieDce, I donl bave any ¢o]ments on improving yow prres. keep up the g¢x)d workl" During the life of Ul11-year grdllts, subsequent feedback is soughi fro the gtant Ild¢[ on the progress of its work in the forTn of a detailed r¢port. A standard progress rqxkrt teujpiate is ed to hleve some consistency on the level (and type) of infomll0n g[1 holders provide. The progw retth fom) is sent to grdnt holders in the month before their next wt illstalment is th2t. (kosiona]ty, rlple are also visii)J by tnLStetsoTtbe thItIator. Further payment is only released if the progr&ss report or m¢)nitoring visit is satisfactory. £2,1MM) {2022.. £5,0(M)) of lt paYents wer¢ whcelled during the year due to lloll-compltsnce or clwity closuru. lllfortt]ation obtained from visits and progress re[ is recorded to prDvide a longer.terni picture of grant-holders, perforniance and experiences. It is atso a valuable source of inf0mtion tn aE)ut the many Sla1 pioblems being addre&%ed by grdllt-holders and the ¢ff¢ctivene&s of the solutions they offtr. Foiexallwle.. "We have provided 1.1 emotional 5UPWrt for irylividua15 either OD the ph( or in . We have been ruDlliDg 8 recovery programme for a group of men affect by abuse whts ate in rehab snd have &sked to provide this for the women in rehab in January. with a request that tbi5 becomes a rolling tgra[ne wbich is wollderfull We have delivered ta]ks in communities in relation to raising awarett of domestic abuse andhow to help thosc affected by it.. "Our main activitiG% this year have been to hold creative gn)y for &lu]ts with BPDIwoTksbops for bealth profe&8ionaJs and sdents, ¢)nline and latterly face face. An outcome was a window iDOa]Jation to COild¢ with the movement of Ukrainian refugtts. Olle feale, suffering a8ofdphobi4 l¢ft her house for the 1st time in 4 years to help install the win(iow th'splay with pride." "We have extended the number of tutors and th¢ hours of tutoring being provi¢kd to be able to help mor¢ of OUT local cornmunity children to catch up on precious lean]iTLg time lost to the on-going pandernic. Without your assistance. the refugee children were more likely to Iorne di5eDgaged ond los¢ intere( fall even fillther bebilld with their StileS and be distracted into external neg1V.. "The Tnain activities of wo(KlworK c(M)kin& gardening and ma¢hÉne mainte1Ce bave llow all r1]Me{L Financ¢s are Still touch and go sometimes. especiaily as our rent was rnised. If Yapp hth't ste in and ad the fidIng we would not have got through another year, and forthat we are 8rdtefi." "We helped secure proper housing by ensur] ]Utenance of prOrKrtI to adequ*e standard for 8 families by interpretation and repres¢ntation at th¢ local authority int¢rviews and meetings. Our surgery sessions advised farnilies with homelessness immigratiot] and welfare rights issues by SUprting families ID Court. Our supplemenw classes supported 10 children & young people witb additional cl in maths, English alld lell¢e after school club activities Jd extra-¢urri¢ular tIVies. The major challenge we face now is out llmbib.ty to finance the post of a permanent staff to properly tske control alld tordulate thc acttvitits of the clwity.. "The number of people we are help]ng remai steady bw the wor5elling ptthlems with the Cost of living ate bkely to mean that ore people will need th¢ intensive, hIgh-qlty help we offer in the fubJTe. ' Page 4
THE YAPP CHAIUTABLE TRUST REPORT OF THE TRUSTEES FOR THE IfAR ENDED 30 SEFfEMBER 2023 Final feedback is sought from all grattt holders at the elld of the flnal year of their grdnt. The feedback covers of the gfdnt, its effect OD the ¢haTity. their beneficiaries and any problems encountett& The End of Grant reports h¢lp the trustees and Administrator to rneasure the impac¢ of Yapp fimding. Examples of how the trusvs grants a differ¢nc¢ this year include: "During the t we provided sUpttlady1cC sessions to Foreign Narional Priso¢r5 in vatious prisons. One of our major challenges wa5 the pandeTDiC, yet thauks to the fi]nds we were able to iti4)lement a n¢w infrastrncture to do our work remotely via phone and internet cosL We now work both in-person in prisATrm and motely. which has ine&sed ieferrals and demand from FNP, and COS Our workers have fOd that Dlally of the foreign national prisollers are unable to navigate the cornplex legal Syste to obtain any legal help aud their families are rarely able to offer support. Your generous funds v¢ enabled to SWPOrt FNPS to navigate the ¢ompl¢x system." 'Our n]n activities CODtinue to be working tbewticalty with surviVS of childhood sexual abuse. Owing to a mad(ed increase in self-refenls we closed our women's waiting list for 5 moDths and this h&% now re-opened. Our new work with male survivors is thriving as we ¢ontiDue to train s¢aff for this. A rettnt opeD-market bid for ininisty of justice funding h&8 not been successfut, which bas historically provÈded tk latgest amount of ow income. We are workillg hard to access other fimding to cover thi& Beneficiaries Continue to re[)rt wonderfill challges to their own lives. Our volunteers c(tinUe its be aMaZll and so dedica*d to thi.s tllallellwngworkr" "This grant was of sigtiificant importallce in that it lOw the $mth han&)v¢r and ¢ontimJed fimding of the senior paid member of staff. As it turned out this fiding w&s crucially Ill]rtant with the onset of COVtD-19 which had a detrirnental impact on the fimding and delivery of servi¢es. However, we wer¢ able to adapt our schedule to proTride an online fa¢ility that went way to alleviate the feeling of isolatioll that mally of ow n)embers felt. With the ending of the restrictions in July 2021, the tssk then was to Teinstitute our various clubs alld to axIn1]Se group activities and 50cialisation. As a wint of note. tbe l(Kkdown teally emph&sised how In4nI the various Clubs and activities are to our members for their m¢ntsl Well-ing. Sinc¢ the end of the I(KkdoW the futthg I& helped us to build the clubs (gardening, social, art. citizensbip) back to their pre-COVID level of activity and tt> start two new one5 involving dance and basketball. In sumtw, the grdnt ]J&s been futhental to our eontinutng operations for which th¢ conunittee and all (be memkn are hugely gratefi." "With a return to face to face meetings and regular ¢lub sessions it to sce us recover from the palldemic attd be able to provide a whole year of activities sucb as swimTwn& sports camp& day trips and residentia]s. Covid had a big impact on our service delivery so we had to revert to oDline 8ctivities alld introduce a f(MMI parcel 5eNice strethIng we ontinue to deliver thle to the cost of living crisis. ow finances suffer1 greatly due to no income but with help froln charities like yourself we have nJaDaged to survive look to contillue to de]iver activitics for our mejnbers well into the future. Thank you ever so much for your siipport especially dllring v¢ry th'fficult tim¢s in the 1&4t 2 years, your support of our charity i5 rnuch apprcciated and we Ix IkIll8 to re.apply again as YO grant nv&ing pr(wses are easy and simple 10 Iiavigate.- Risk Management The Trustees hav¢ consideTed the major risks to which the charity is exp)sd and satisfied themselves that systems or procedutes establisbed in ord¢r to manage those risks. The chariws Risk liegister illclude5 sections oll govemance. operdtional, reputational and fmanciaj risks together with agreed Meas to mirigare agatnst each. Th¢ d(Kument is reviewed annlY by TnWee5 at their July eeting. Page 5
THE YAPP CHARrrABtE TRiJST REPORT OF THE TRL'STEES FOR THE YEAR ENDED 30 SEPTKMBKR21)23 FiDathcial position The Tnt is dependent on returns from its investments. which alllounted to £162.971 (2022: £168,865). Grants approved arnount¢d to £202,250 (2022: £187.0(M)). The tn]stecs set a level of t spendiDg each year which take5 iuto account projected investment return aDd in order to provide addition flexibility, the tnLSt¢¢s appli to the Charity Con]mi&%ioD on 14th February 2012 5ttking agreement to the following pro[d allnthuents to the Tnjst Deed: To allo&e w) to 3 /0 per of the Trusvs cApit21 as stated in the Jnost t alited accounts for the sole puspose of making grdnts to any other charitable institution or btyjy CaTryiDg on activiti&¥ with]n the objectives of the Tnjst for the furtherdn¢e of those activiti&% or sorne of thellL The Clwity Commission raised no objection to thxs amendment whicb w&5 fjATther ¢ollfirnd by the enactment of new legislation contsined within the Tntsts (Capitsl alld Itkcorne) Act 2013. Zero12022.. £0) capital w&s withdraw) from the Endowment Fuud duTiD8 the year. Allowing for gramt-related support costs of £33240 (2022: £31.678) and siw(rt ¢osts of £7272 (2022: £9,503) there was a deficit before trdD5fets on the unreslricted income fimd forthe yearof £79,7K) (2022.. £59J16). The unrestricted bjnd llow show5 a suTph]s caled f¢)ThvaTd of £3.766 (2022.. £43556). It is considered vital to the objects of the charity to rnaintsin the grants strew nlti8 c4)itsl withthawth &ttece&%ary. Ptsliey on reserves Grant Commitments in respect of ongoing grants for the next two financial y¢ar8 totsl £179,5(M) at the year-¢nd {2022.. £162,500). The calculation of free reserve5 is bd on the definition included in the ¢b]ty statement of rwommended practice {SORP}, whi¢h provides Tecommendations for accouniing and rwrting for cRJariti£s; it exclude5 fix assets together w&th long terni f]nancing iiabiliti&%. Free trserv&% at the year eThl are £62,016 (2022: £93,556). The Charity ain io hold sutricient current &isets to cover the non-grdnt paents dlle in the next year £40.625 (2022.. £41,181). At the year-end date thcre were net current liabilities of £56,167 (2022: net curreni ets of £l(M),109). This is monitored using a spreadsheet model and discu& at Trustees meeti. The Ttee5 are comfortable with this position Ven the Current investment a&%ts held and the fvture inveslment rdum due ts the clwity. whicb will support paym¢nt of existing grant cornmitments. Fllndrdi$ing policy We aware of the Charities (PEOtecttoll al Social Inv&strTrent) Act 2016 Act and T0]8¢ tbe stallda required regarding filljdraising. However. th¢ ¢harity dixs not engage in fimdraising at th"s time. IDve#tment polity and obje£tiv¢s The primary investment objective of the Tntstees is to pmide income for grant% cornbiDed with in witsl, frorn a portfolio of securities inv£8ted in a medium risk category. The following investment objectives wete aVed at the trstee meeting on 15th Mar¢h 2012 as a suitable mechanism for implementiDg the agr¢ed inv¢stment poli¢y: o Income to be generated approximately equal to the FfsE yield ov¢r any given 6-month period o The fixed interest content is to be no greatsr than 250/• of the totsl value of the frustrs inveslments, the remainder to be in equities, PToperty or cash. The TnS Investsnent Policy is usually reviewed anllually ai the July trustce neeting. It wa5 ae¢d to wstpone this ye*s review until the newly appointed investrnent manager5 could giv¢ a presentsiion on their objectives, st[ate¢ aet allocation, perfornHice, current ge0b]C spli¢ market outlwk and appnKh to FvirOnment, Social & Governance (ESG). That presentation took place at the July 2022 TnJstee meeting and a revised Jnvesth]ent Policy Statement was adopted after the year-end (at the November 2022 meeting). Oversighi of the r0[ance of the investments is delegated to a SUIOn)Mttee of ttuslees who meet with the InVeStent Manager regularly. At the year-enil the Truses capital investments inclllding cash held by the Investment Manager were valued al £7.005,969 12022.. £6,886,297). The wos a fiber sum of £25.727 {2022.. £48.499) held tn the Tnl'S own bank accouDts. Pag¢ 6
THE YAPP CHARITABLE TRvsr
REPORT OF THE TRusfEES
FOR THE YEAR EYDED 30 SEPTEMBER 2Tr23
PLANS FOR FUTURE PEIUODS
The grani making policy will continue to be regularty reviewed at trn5tee mtttijw. Feedback from grant-holdejs will
continue to inform this process. A fllrther strdiegi¢ review is due take pi*e in F
THE YAPP CHARrrABLE TRusr REPORT OF THE TRUSfEES FOR THE YEAR EliDED 30 SEPTEtyIBER 2023 REFERENCE AND ADMINisfRATtVE DETAILS Registered Chgrity nUMr 1076803 Prirt¢ipal address 1st Floor, Mile House Bridge End Chester le SITeet County Durham DH3 311A Tru$tees J Fergusson J Kisenyi S J Evans J Orchard LJBone A WHill L Islam {resigned 241112023) Independent Examiner RMT tknbchesters Accountants and Business Advisor5 FinchaIe House Belmont Business Pat* Durham DHI ITW Page 8
THE YAPP CHARfrABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 Going concern The clwitys fore¢&sts and projections for the n¢xt twelve months Show thal the chLty should bc able to continue in operational extstence for that pericMI thktng into aecouni rea&xthle p)ssibl¢ cbangts in trading Ornjan¢e and the potential impact tbe chatity of wssible future 5ceDarios ari5iD8 from the of COVtD.19. This also considers the effectiveness of available rne&s to wist in mitigating the impacL The clwity has strong positive investments and cash balances available and is forecasting for this to colltinue to be the case. The trustees have stre5S t¢st¢d their foTecasts. considering vario% scenarios, and remain CODfideDt tIt the uncertainties do not cast significant doubt on th¢ charitys abllity to Continue as a going concern. St8temeDt Df Trnstees. RespoDsibllltles The trustees are responsible for prq>aring the trte¢s. twrt aDd the fitian¢i81 statements w )[dace with the United Kingdom Accounting Stsndarth (United Kingdom Genalty Accepted Accountillg PE8Ctice) alld opplicable law and regulations. The law applicable to charities requirns the trust% to prwe fiDatLcial thtemellts for each financial year whith give a true and fair view of the state of affairs of the Charity and of the in¢4)rning r¢sou]re5 alld application of resources of the charity for that period. Inpreparing these fittsllcial statrment& the tsustres are rv4uiredto: 9 s¢lect suitable accounting tK)1s¢ies and then apply thetn c4TrTh5iStently, o obsetve the methods and Princwles ill the Chatities SORP" o make judgements and estimates that are rea8onable and prndenl o stste whether applicable accounting standards have b¢¢D followe4 subjext to any deparlures disclosed aDd explained in the fLnancial statements,. alld o prcpare the financial ststements on the going ¢ottcern b&4is it is iDaN>ry)ti to prtswne th th¢ ¢haTity will continue in bllsiness. The trte¢S are responsible for keeping proper accounting records that disclose with Thsonable aw]ra¢y at any lie the financial wsitioD of the ¢h2Tity and enable them to ensure that th¢ financial statements COTnply with the Charities Aet 2011, the applicable Ch8Tities (Accounts aDd RqK)tts) Regulations, and the provisions of th¢ ¢OnStitiOn. The trustees are also responsible for safeguarding the assets of the ¢harity and h¢n¢c for taknig reasonable steps for the prevention alld detection of fraud and other Iegularities. Disclosure of information to auditor Each tsustee has taken steps thai they ought to hav¢ taken as a tr1 in order to ]nake thevnselves aware of any relevant audit infomiation and to e5tab]ish the chatitys auditor is aware of that illfonnqtion. Th¢ trustXS confir that there is no relevant inforllLaiion that they know of and of which they know the auditor isunawatt. ReAppointment of auditor A resolution not to re-appointmellt MHA T8it Walker &5 a1]lOr$ of the Clty was ated at the Juty 2023 Trustee meeting. This decision was made following a review of quotes for an illdepEnkni exajnination {&s OPFK)sed to a full audit which is not e&sential given the level of Yapp assets and income). Trustee5 &e¢d to appoini Ribcheslers ts undertake the independent examination 0e tbe Clwity COmnl0 had aN)rovol a request to remove the clae in ourTThsi Deed Stipulating an atmual aj]L 12107r2024 Appr(Trved by order of the board of trustees on............................................. and sId on its behalf by.. 94rf¢ A 7ry(Aé4rt J Fergusson. Trnst¢¢ Page 9
IIWEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE YAPP CHARITABLE TRUST Independent examlner's report to the trustees ofThe Yapp ClwTitable Trt I report to the charity trustees on my exanJintitiOD of the accounts of The ya Cbaritsble TTUSt (the Tn¢) for the year ¢nded 30 September 2023. Re5POll5ibilities and bAsis of report As the charity Irustees of the Tr1 you ar¢ resw)sible for the pryratioll of the xcounts in accordance with tbe equirements of the Charities Act 2011 I'the Act). I report in respect of llly examination of the TS a¢Unts carried out undcr Srttson 145 of the Act and in carying out my ex8rnination I have follow all applicable DirECtiOll5 given by the Charity Comtnission under Section 145{5)(b) or the Act. Independent examiner's statemeDt I have completed my exaD]iDation. I confimi that no material have come to my attention in conDectiOD With the examitjation giving mc cause to believe that Iti any nthÈerial r&spect.' atcounting Rcord5 were not kept tn respect of the TtNst &$ required by SedioD 130 ofthe Aci or tbe accounts do not aOrd with those records; or the accowjts do not comply with the applicable requirements concetnitig the fom and amtent of accounts set out in the Charities (Accollnts and Reports) RegUlon& 2(M>8 otber than ally rquirenjent that the accounts give a twe and fairview which is not a matter COTtr5idered part of an Indent examination. I hve no concerns and have come acro&s no other nmtters in conTtion with th¢ ex8min*ion to which attention should be drawn in this rewt iti Otder to enable a pr0perUnderthdu of the accou to bereacbe L¢sley Stabler BA(Hons) FCCA RMT RibchesteTS Accountants and BsinesS Adviso Finchale House Belmont Business Park Durham DHI ITW Date.. Page 10
THE YAPP CHARITABLE TRUST STATF.lEF OF Fif*ANCL4L AcrivrrIES FOR TIIE YEAR ENDED 3(1 SErfEMBER 2023 2023 Totsl 2022 Totsl fimds Unr¢stricted Restric1 EI0[At fjmd fid INCOME AND ENDOWMENfs FROM tnvestment income 162.972 162,972 168.865 EXPENDITURE ON Raising funth 39,739 39.739 31.220 Charitable activities Grant fullding of activities Support costs 202.137 40.625 202,137 40.625 187.IXX) 41,181 Totsl 242.762 39.739 282,501 259,401 Net gain0048) on investments 195,372 195,372 (449.950) NKT INCOLIIEI(EXPENDITURE) Transfers between hDds (79,790) 155,633 I40,() 75,843 (540,486) 10 Net migvement ID funds (39,7) 115.633 75,843 1540.486) RECONCILIATION OF FUNDS Total bmds brought forward 43,556 6,717,363 6,760.919 7.301.405 TOTAL FUNDS CARRIED FORWARD 3,766 6,831996 6,836.762 6,760,919 The DOt&s fomi of these financiai sthtemEllts Pagell
THE YAPP CHARITABLE TRUST BALANCE SHEET 30 SEvfEMBER 2023 2023 Totsl 2022 Totsl fimds fund Not¢5 FLYED ASSETS Investments 6951.178 6.951,178 6.710.810 CURREf4T ASSETS Investments Cash at bank 179.526 19,174 (124.735) 6.553 54,791 25.727 175,486 48,499 198.7 (118,182) 80,518 223,985 CREDITORS knounts falling due within one year (136,684) {136,684) (123,876) NET CURRENT ASSETS 62.016 1118,182) {56,166) I,109 TOTAL ASSETS LESS CURRENT LLiBILITIES 62.016 6,832,996 6,895,012 6,810,919 CREDITORS Amounts talling due after more than one year (58,250) (58250) (50,OW) NET ASSETS 3.766 6,832,996 6,836.762 6,760.919 FUNDS 10 Unrestricted fi8 EndowThent funds 3,766 6,832,996 43,556 6,717,363 TOTAL FUNDS 6,836,762 6.760,919 The finaocial ststements were approved by the ..121£17J2024................... and were signed ¢)n its behalf by.. of TnLStees and authorised for issue J Fergusson- Trustee A W Hill- Tn]stee Th¢ not&8 forni part of financial statements Page 12
THE YAPP CHARrrABLE TRUST NOTES TO THE Ff*ATriCIAL STATEMEh73 FOR THE YEAR ENDED 30 SEPTEMBER 2023 ACCOUP4TING POLICIES Basis of preparing the fitsallciai statements The fll)ancial slatements of the charity, which is a public Ixnefit eity under FRS 102, have been prepared in acctsrdaT]ce wilh the Clwi¢ies SORP (FRS 102) 'Accounting and Rew)rting by Chariiies.. Statement of Recommended Practice applicable to charities prepari their accouDts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {eff¢ctive l January 2019),. Finaucial RqJottiDg StandaTd 102 The Fitjanciaj RertIng Standard applicable in the UK and Republic of Ireland, and the Clwities Act 2011. The finaDciai statetllents have been prepared under the historical wst convention, witb the ex¢eption of investtnents which are in¢luded at rn3kn value. as modified by the revaluation of eertain a. Intome All in¢orne is recogni5ed in the Staternffllt of Finallctsi A¢tiviti&% ollce the charity h&8 entitlerneDt to the funds. it is probable that the income will be rwxived and the amount can be rne[ ttliably. Expenditure Liabilities are reco8tiised as expendxbjre as S( as there is a legal or CODStructtve obligat&on conittltig the charity to that expenditure, it is probable trafer of ttollomic benefits will required in 5ettlernent and the #moullt of the obligation can be me&sured Teliobly. Exp¢nditure is xcoullted for on an a¢¢nlS basis and ha5 been ¢]SIfied under headings that aggregate cost related to the tategory. Where costs cannot be directly attributed to particul headings they have all(Kated to activities on a basis CODslsnt with the of Grduts offered subject to conditions wbich have not been met at th¢ year date ate ttited as a con)mitment but not a¢¢nl as ¢xpenditur¢. Taxation The charity is exewt from on its clwitsble a¢tivitie5. Fund accounting Unrestsi¢ted fiu)ds can be used in accord with the charitable obJtIveS at the diSClOn of the tnL5te&8. Restricted fvnds Can on]y be for paiiicular restricted puryx)ses Mrythin the ObJts of the cbarity. Restridions arise when spttified by the donor or when fi]n(b are raised for particulatTe5tti¢td purposes. Further explatiation of the natUT¢ and Pllr of each fund is includgj in¢he Dotrs to the fllW)cial slatem¢nts. Financial instruments The charity has elected to apply the provisioLs of stttion I l Basic Firowial Inslnm)mts' and Section 12 '0ther Financial tDSEruettts Issues. of FRS 102 to all of its fillallc illstruts. Finallcial instrumeDts aTe r]Ised in the cb3n.tys balance sheet when the cbarity becomes party to the contra¢tuai provision5 of the instnJmenL Financial &ssets and habilities are Off with the llct aTnounts Presented in the financial statement& when ther¢ is a legaily enfor¢eable right to set the recognised 3mowbts and there i% int¢nti¢)n to settle OD a net basis or to reali5e the asset and settle the liability sitnultaneously. Exempt5on from preparing a ¢asb stxtement The charity opted to adopt Bullelin I published on 2 Febnw 2016 ard have thttefote not included a casb l]ow stateTnent within these financial ststements. Page 13 continued...
THE YAPP CHAIUTABLE TRUST NOTES TO THF. FINANCIAL STATEMF.YIS- CODtinlled FOR THE IAR ENDED JO SEFfEMBER 21123 ACCOUNTING POLICIES- CODthiue41 Golrtg Concern Thc charities and projectio for th¢ next nwelve months thow that thc charity thould be able to C4)ntinue in operational existence for that period The charity h&5 Strong )sitive illvesthjents and cash balallces available gnd ts forecasting for this to continue to be the rase. The trs¢s have str£55 tested their forec&sts, taking into account various scellarios, aDd remaio confident the U[etieS do not cast $ignificaDt doubt over the finns ability to continue as a going concem. Estimatlon llDtertaiDCy and judgements The preparation of the financial 5taternents reqll1 maQageMe to lljake jtynwits. cstirnat&% and as5umpti(TrDs that affeci the amounts reEthed. Management have prowded depreciatio[4 prep3yments. accnA]s and Olher cut-off adjuslments. Whi]st anagemeDt believe that these adjusttnents are accurate. there is every ]e[th0od thatthey will not be exacL Thes¢ eStinleS alld judgernents are ¢(1]nUallY reviewed and are basul on exFErienc¢ and other factor including expectations of firture events that are beeVed to Fk reasonable under the CiT¢umstanees. Income end•wments Endowment fund investments are srated at mid.makn va]ue at the Yell Unrea]ised gasns and losses are included within the Ststem¢nt of Fitwiciaj Activities (SOFA) and r¢pre5¢nt the In¢85e or decrease in arket value wmpal with tbe market value at thc Fkwning of the year ot the cost of addilious at tbe end of the year. Investment illcorne lllvc$th]ent iticome is rec0glld on an acCnl 1$ and any Nmyable it1coll atiributable to the Incon is reco]sed on the same date. Expendlture All expenditure is included on an accrual b&sis and is rwised when the is alegal obligation to do so, Rai8ing funds activities that raise fimds. Charitable activiti¢5 Charitable expenth.ture Comprnrni5 those costs incurred by the chanty in the deltvery of its activities and sernices for its benefLciarie& It includes )th costs that can be auiuted djrecdy to such activitie5 and those costs of an indirect nattue ne¢e&8ary io SUPPrt thellL Grant expenditure alld comjnttments Grants awarded are recognised once the tn]stees have approved the c4)tnnJitmenL giving the r¢¢ipient a expectation of re¢eipi. even though the payments be schedulcd over 2 of three years. Any grant which is unpaid at ibe end is recorded in Credito and 8nalysryJ aCrdinglY whether due in less than or than one year. Grant pr0Tr75iOnS Provisions for a grant tnade when the intentiOD to make a grant ¢omTnunicated to the recipient but there is uncertainty about either the timing of th£ grat)t orthe amouni of grdnt payable. Other expenditure Direct costs are allocated to one of the fimctional categories of resources explained witllln the SOF Ad1llitrdti(Pll Costs are apwrtioned between costs of clmritable aclivits¢3 and governance costs b&s¢d on an analysis of time spent by the administrator on 8rdnt.related activities. Page 14 ¢ontinued...
THE YAPP CHARrrABLE TRusr NOTES TO THE FP4ANCLiL STATEME1- fODtiDuf FOR THE YEAR Ef4DED 30 SEvfEMBER 2023 ACCOUNTING POLlC]LS. 01•¢ Expenditure includes ally VAT wbicll cannot recovered as the Charity isnot VAT registrred. Support costs Support Costs have Ien allocat110 acttvity ¢ost ¢Aiegories on a basis cLstentWith tbe use of resources. Tation The ¢hority is considered tt) pass the tests set out iti Parawh I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a cltstitable co]Dpally for UK cojporarion tsx purchases. AccoTdingly, the charity is potentially exempt from taxation in reSpt of iA)rne or capitsl gains received within categories covered by Chapter 3 Part I l of the COrratiOrt Tax Act 2010 or Section 256 of the Taxation of chargeable GaiDS Act 1992. to the extent that such income orgaiDs are applied eXcI%1¥ClY to clwirable purposes. Flxed asset Investments Fixed asset investments are inched at volu¢ at th¢ balance sbcet date. Realised gasus and losses on investments are calculated as the difference between sakes proceeds and the nthet vallle at the start of the year, or tbeir subsequent cos¢ al are charged or credited to the Stat of Flnancial Activities ill the peri¢)d of disposal. Unr¢ali5¢d gains and lo&8es repsent the DMTrvenn1 in mats values duritkg thE year and are eredited or charg to the stsiement of Fillala1 Activities based on the maAet valw at the year end and allocated to the Current asset inve5ttDents Current aet it)vestments are cash dew)sits and includoj at their tTansa¢lN)nal value. Debtors Prepayrnents aDd accrued relates to alnounts paid ID thallte of setvicesl giMyAs being 1Ved and income received in adwdnce of g(dl seryices ]ng Provided rest*div¢ly. Cash and cash equivAleuts C&8h and c&sh equiva]ents compromise cash on hand aj ca]1 dwits. artd other short-temi highly liquid illvestments that are readily ¢(mv¢rtible to a known amount of and aT¢ subject to an insi[ficant risk of change in value. Fund Structure Both the income fut and the endowment capital fillMI are uTJr£%kncted i)Me funds wbicb are available for use at the ttustee's dISction in fiherllce of the ObJtiveS of the charity arAd have not been desited for other pu05¢$. IJ¥VESTMENT INCOME 2023 2022 Investment income Interest receivable 161832 168,378 487 162,972 168,865 Page 15 continued...
THE YAPP CHARrrABLE TRUST NOTES TO THE FINNcL{L STATEMETr*73 -COntined FOR THE YEAR EI¥DED 30 SEFfEMBER 2023 GRANTS PAYABLE 2023 2022 GTant fimthng of activiti&% 202,250 187,000 Page 16 continued...
THE YAPP CHARITABLE TRUST OTES TO THE FINANCLIL sfATEMErr5- tontinued FOR THE YEAR ENDED 30 SEFfEMBER 2023 GRArS PAYABLE- contknued The total grants paid to ill5titutions dwing the year was as follows: 2023 2022 B¢v¢rley RDA Calon RDA CANDI Lambeth Elderly Asso¢iation from Vielnam Merry Go Round Toy & Leisure Lil)raries Moorlands Voluntary & Comrnuntty Transport PACE 2000 Read Easy Hackney 1st Chivenor Scout Group IVoice- Con]municating Together Ashington Veterdt]5 aDd Elders Jllstilute BCU Life Skills Centre Middlesbrough Sportabi]ity Club Movement For All New Friends for You Own B(M)ks REFEO Sallara Icovellty) Lid Sky Autism Supp(Trrt Sometset Child Contsct Centres Southbourne & District Age Concern Twocan Inclusive Thffdtre Company 6th Paddingtoll BrowDie Guide Unit Bivol Tn1 CareT5 Sitters Service Clapton & Ha¢kney Sea Cad¢ts Derby Refugee Forum Dyfodol Powys Futures Eastleigh Borough & Romsey Mencap S(Kiety Fireworks Laarniga Marsham Older People's Ptojcct Minehead Hope Centr¢ Tnt Read EasyNott]Dgham Speak Up Somerset Students 4 Students V¢e's Place Wraysbury & Horton Voluntary Care Citizen Development Colnmunity Centre Commitsnents returned to budget Charlton "ding for ihe thsabled Child a[ Fatllily Collnect CROPS Hereward Heat Wheel¢bair Baskethl Club Lake District Mobility Liquid Vibratiolls Montgorneryshire Youth Theatre Norfolk SEN NeNork SAFE St) and Share Club Age Concern Sturminster & North Doyset Cafe 100 Cedar Te Croham Hurst Good NeighEK>ut5 2,500 7.500 6,(X)O 750 1,5(K) 7.5(X) 1.5¢YJ (s.() (5,0(M)) 7,500 9.(N)O 9.(K)O 7,500 3.0 6,(M)O 3.(Y)O 9,000 Page 17 Continlled...
THE YAPP CHARrrABLE TRUST NOTES TO THF, FINLNCIAL STATEmEp*llS-bAtiDued FOR THE YEAR ENDED 30 SEFfE.MBER 2023 GRANTS PAYABLE- tontknlled Eastbourne Churches Visiting FDM.. For Disability Mobility Headway Darlingtoll alld District Rothertthtn Ta]kiDg Newspaper Tbe ACE Project Timesavers Cast knbu Crisis Pregnancy Care Eastboume Iktnentia Action Allian Friends of HeaYitre¢ Health Centre High Peak Homeless Help Home-stsrf Telbridge Maun Rege New Dawn Child Contact Centre Phoellix Counceuing knices Radio Bronglais Sunderfand Mariiirne Heritsge Yeovil Shopmobility 9,0 6,(K)O 7,5(K> 3,000 6.(K)O 7,5(K) 202.250 187,(KK) TRUSTEES, RE[UNERATIoN AND BENEFrrs There were llo trustees, retnulmtion or other benefits for the ye4r fndcd 30 Swember 2023 nor for the year ended 30 Sept¢mb¢r 2022. Trnstees, expenses During the yearth¢ twstees were retnthursed expe totalling £1271 {212. £1.503). COMPARATIVES FOR THE STATEMEiYf OF FINANCIAL AcrIvTrIES Unrestricted Restricted fid Total INCO1& AND ENDOWMENTS FROM Jnvestment income 168.865 168,865 EXPENDrruRE ON Ra]su funds 31220 31.220 Charitable activities Grant fidIll8 of activities Support C05ts 187.(MKJ 41,181 187,000 41.181 Total 228,181 31.220 259,401 Net gaIn{loSses} on itivesthients {449,950) (449.9501 NET INCOMFJ(EXPENDITURE) Transfers between funds {59.316) 1481.170) (60,> (540,4861 Page 18 continued...
THE YAPP CHARfTABLE TRUST NOTES TO THE FIP*Af4cbiL STATEMENTS- ¢oDtlnued FOR THE YEAR Ef4DED 30 SEpfEMBER 2023 COMPAIL4TIVES FOR THE STATEMENT OF FLYANCIAL ACtIVlTIES. eontlnued Unrestricted Restrictsxl Endownellt Total Net rnovernent in funds (541,170) (540,486) RECONCILIATION OF FUNDS Totsl funds brought forward 41872 7258.533 7.301,405 TOTAL FUNDS CARRIED FORWARD 43.556 6.717,363 6.760,919 FIXED ASSET INVFSTMEiYrs Listed inveskneThts At l October 2022 AdditioLq Disposa]s Revaluations 6,710,810 1.032,191 (933,793) 141,970 At 30 September 2023 6,951,178 NET BOOK VALUE At 30 September 2023 6,951.178 At 30 Septeml)er 2022 6.710.810 There were no invcsttneDt aksets outside the UIL C05t or valuation at 30 September 2023 is representb. Listed inve5ttnents vaation in 2023 6,951,178 The investments hav¢ been valued by Inve5tec. the Tnjst tnvestment Managers, &s at 30 Septernb¢r 2023 and ill accordance with ihe stament of Rewn]mended Practice, thy have beffl shown in the Balance Shee¢ at their maTket value. The historic cost at 30 September 2023 atnounted to £7.014.750 (2022.. £6.9432541. Page 19 continued...
THE YAPP CHARrrABLE TRUST NOTES TO THE FtNAI%CIAI. STATF.MF,TrUS-continued FOR THE YEAR £ED 30 SEPTEMBER2023 CURREIYT ASSET INVKSTMENTS 2023 2022 Cash deptssits 54.791 175,486 CREDITORS: AMOUNTS FALLI]YG DUE WITHIN OYE YEAR 2023 2022 Other credit(Ks 136,684 123,876 CREDTTORS: AMouNfs FALLING DUE AFTER MORE TIIAN ONE YEAR 2023 2022 Other creditors 58.250 50.( Ill. MOVEMEf4T IN FUNDS Net movanent Transfer5 between At 1.10.22 At 30.923 Uttrestrieted fund5 Gener fid 43,556 [79,7*) 3.766 EndoMryDeDt fuDdJ Endowment fill 6.717363 155.633 (40.0(M)) 6,832,996 TOTAL FUNDS 6.7,919 75,843 6.836.762 Net movemenl in fimds, included in the above are follows.. IncomiDg Resources Gains and Movement lo&ses in fimd8 Unrestricted fvnds General fund 162972 (242,762) (79,790) Endowment funds End0ent fuDd (39.739) 195.372 155,633 TOTAL FUNDS 162,972 (282,501) 195,372 75,843 Page 20 continued...
THE YAPP CHARrrABLE TRUST NOTES TO THE FtNthCIAL STATEMEPa3- eDntlDued FOR THE YEAR E.NDED 30 SEFfEMBER 2023 io. MOVEMELYT IN FUNDS- conthhued comparativ for mov¢Tnent in fuads Net movenient in fiJ)ds Transfers At 1.1021 At 30.9.22 Unrestrleted Cunds General fill 42,872 (59.316) 43,556 EndowmeDt fullds End0Dent fund 7258.533 {481.170) (60.(KX)) 6.717.363 TOTAL Fuf4DS 7.301.405 {540.486) 6,760,919 Compardtive net tuovernent in fimds. included iti the above are as follows.. losses in fidS UDre5tii¢ted fundj General fid 168,865 (228.181) (59.3161 Endowment fullds Endowm¢Dt fund (31.220) (449.950) (481,170) TOTAL FUNDS 168,865 (259.401) (449,950) {540.486} A current year 12 months alld wior year 12 montrLS combinedp)sitioll isas follows.. Net movement Trdnsfers between funds At 1.10.21 At 30.9.23 Unrestrleted futtds General fund 42.872 (139.106) I(M),IKK> 3,766 Endowment fvDd5 Endowment nd 7258,533 (325.537) (I(M),IMM)) 6.832.996 TOTAL FUNDS 7,301,405 (461,643) 6,836,762 Page21 continued...
THE YAPP CHARITABLE TRUST NOTES TO THE Fif4LNciAI. STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER2023 io. MOVEMENT IN FufqDS. contiDued A current year 12 months and prior year 12 nx)nths combined net in fimds. included in the above are as follows.. Incomiug R¢s(ceS Gains and Movement losses in funds Unrestricted funds General fi]nd 331,837 (470,943) (139,106) EndoTrvtDent fund5 End0ent fimd (70.959) (254.578) (325.537) TOTAL FUFIDS 331.837 (541.902) (254,578) 1464,643) ii. RELATED PARTY DISCLOSURES There were no related paty traDS&CtiODS for the year ellded 30 Septembtr 2023. Page 22