REGISTERED CHARITY NUMBER: 1076803
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
FOR
THE YAPP CHARITABLE TRUST
RMT Ribchesters
Accoiintants <ind Business Advisors
Finchale House
Belmont Business Park
Durham
DEII ITW

THE YAPP CHARITABLE TRUST
CONTF.NTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Page
Report of the Trustees
Independent Examiner's Report
10
Statement of Financial Activities
Balance Sheet
12
Notes to the Flnancial Statements
13 10 22

THE Y APP CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Irllstees present their report with the financial statements of the charity for the year ended 30 September 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities- Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the F inancial Rcporting Standard applicabl¢ in the
UK and Republic vf Ireland (FRS 102) (clycctive l January 2019).
OBJF.CTIVES AND ACTIVITIES
Objectives and aims
'I'he objects of The Yapp Charitable Tru.%l combine the objects of the two original'frusts..
To promote or assist (￿Y charitable activity directed to:
o The care or houstng of elderly peoplc
o Thc welfarc ofchildrcn and youn& people, including youth clubs, hostcls and similar instittitions
o I'he Lare or special education of people who havc learning difficultie5, or are physically disablcd or suffcr froin mental
health problems
o The advancement of moral welfare
o The advancement of education and leaming, and of scientific and medical research.
Grants are made using the income generated from investrnenls held by the trustees and are 01)ly made to organisations
registered with and rc&Fulaled by the Charity Commissioii for England & Wales. Whilst some of the charities may
undertake activities outside of England oi. Walcs, the Trust only funds work that is delivered in one or both ¢ounlries.
The .1 rust does not fund oversea8 activity. Where the &Frant is madc to a regislercd charily (he trLislccs are confident Ihal
the girant has been madc to further a charitable purposc to the public benefit. In all ¢ascs the trustees always seek
feedback on the actual iise of the grants given and the a¢hievemenls madc so that they know how the funds were used in
practice.
Public bcncfit
The Trust carrics out its charitable piirposes for the public benefit by making grai)Is lo other charities undertaking work
within onc or morc categories (F.Iderly, Youth, Disability, Social Welfare und Education) that reflect the 'l"rust's objects.
'I'he Irustees confirm thal Ihcy have complied with the requirements of .scclion 4 ot. Ilie Chai'itics Act 2011 lo hiive due
reL)ard to the public benefit guidanLe published by the Charity Coinniission for b.ngland aiid Wales.
Page I

THE YAPP CHARITABLE TRusr
REPORT OF THE TRUSTEES
FOR THE YEAR ENDF,D 30 SEPTEMBER 2024
OBJECTIVES AND ACTIVITIES
Crant rnaking policies
Applications are accepted from registered charities working in England and Wales. Within the broad rang¢ of the Trust's
objects the trustees give priority to the smallest Charities (with a projected eKpcnditure of less than £40.000 per year).
In recognition (hat many sources of funding are open only to ncwly established projects, the trustees concentrate on
helpingy to sustain existin&F work rather than funding new work. To be eligible lor consideration, ¢harilies must have bccn
formalKy establishcd tor a minimum of three year5. Priority is given to:
o Charities that are delivering services in areas of high deprivation
o Work tliat is unaltraclive to the general public or unpopular with other funders
o Services that help lo improve the lives of marginaliscd, disadvantaged or isolated people
o Applicants that can demonslratc an effective use of volunteers
o Applicanls that can demonstrate (where feasible) an element of self-sustainability by charging subscriptionslfecs to
service users
Granls arc offered lo support running Losts and salaries for up to Ihrcc years. Grants are not available to assist witl)
capital expenditure. Ongoing gyr<tnls (typically for 3 years) fonn the m<ijorily of the budg¢l, d¢monbtrating th¢ ttwtees,
commitment to siistaining work that has proved ils value.
Details of how lo apply for giranls, logcihcr witli dclailed guidelines and application fonns, arc availablc on the Trust's
web.silc {www.yappcharitabletrusi.org.uk). The Trust is also listed in the major directories and databases of
granl-makers.
All potential applicants are encouragyed to telephone to discuss thcir application if ii)cy wish. Thcre is a welcome Ircnd
for potential applicants to acccpt the offer of a pirliminaiy discussion, which can save much time aiid di5appoinlment for
charities that <ire iinlikely to be funded. Exploratory disciissions also Irequcnlly i'csull iii an application for ongoing core
fundin&y rather Ilian the one-off project fiinding request ihat had iiitroduced the di5cussioii. Thc Trust Secretary and
'I"ruslees undertake assessment visits to appliLanl orgyanisations (and moniloring visits to L)ranl holders). SuLh visits
enable represenlativcs of the Trusl lo &yain a greater iinderslandin&y ol Ilic issucs I'hal th¢ charilics applyingy for funding are
aiming to address. Monitoring visits give an insight into how the gyrants awarded by the Trust are applied to benefit those
in need.
The grant m¢iking poliLy is reviewed at biennial str<ltegi¢ meetingys to ensur¢ Ihat it continues lo reflect Ihe Charity's
objects aiid advance public bencfit. The lalcsl slral¢g)ic rcview meeting took plaLe in November 2023.
Page 2

THE YAPP CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEYfEMBER 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year 204 (2023.. 190) completed application fonns were received, of which 155 (2023-. 122) were accepted as
eligible within the Trust's criteria and were assessed further by th¢ Trust Secretary l Administrator. Trustees r¢co&nise
that if thc Trust is over publici5ed then it runs the risk of beingTr inundated with grant applic¢ilions requesting funding
from a Iirnited budget. An average of 26 % (2023= 32 /0) of eligible applications received durin&7 the year were fund¢d
and the Iruslees arc kccn to maintain a reasonable success rate for applicants. As Such, the Administrator will continue to
promote the trust via social rnedia posts and direct enbFagement with relevant VCS infrastructure agencie5 to conservc a
reasonable balance between the number of eligible applications received and the amount of ￿ndIng available to
distributc in grants.
38 (2023: 39) grants wcre awarded, totaling £216,500 (2023.. £207,250). Grants were made witliin all priority
categories. 'l-he largest pi'oportion of funding was awarded in the London region (210/0) with byrants totaling £45,000.
Most grants (37 % ) were m8de lo support work under the Social Welfare category {14 charities received funding tolaling
£82,500). Grants are listed in the notes lo the accounts and are <inalysed wiihin the various categiories of the 'l'rust's
objects. Examples of recent grants are published on the Trust's website biit ￿ndIng awarded this year include..
A £7,500 Disability grant over 3 years towards the costs of providing activity days for children and youn8 p¢opl¢ with
complex needs in East Midlands.
A £6,000 Education grant over 3 years towards the running ¢osts of a charity in Dorset that helps children struggling to
read lo improve their literacy skills.
A £6.000 F.Iderly gprant over 3 years Iow<irds providing frcc transport for older people from the Jewish community
across l..ondon for whom public or hospilal transport is iiiaccessible or unaffordable
A £4.500 Social Welfare grant ovei. 3 years tuwards the running costs of a Charity delivering mental health recovery
courses and support prog7rammes for sex trade survivors aci'oss Eiigland and Wales.
A £9,000 Youth grant over 3 years towards providing affoi'dablc structured drama activities for young people in an
ai'ca of North l)owys where other youih provision is siLynificanlly lacking.
Thc Iruslees invite applications for gFrant8 for up to three years. 36 Ol'the 38 grants awarded were for morc than onc year,
represcnling 94.70/0 (2023: 89.50/0) of the total number of gr(Ints awardcd.
As a graiit-maker the Trust has no direct relationship with the beneficiarie.8 of the charilies who iise the I'rust's money,
The trustees r¢ly on the work of Ihe staff and voliinteers of those charilics. ficedback on applicanls, ¢xp¢i'ien¢e of tlie
grunl-making process and their re11( tionship with thc Trust during the life of the grant has provided helpful suggestions
for improvcmenls, which have b¢en implenientcd.
The 'l'nist financially supported CAST in its developmcnt of GrantsAdvisor UK (a websitc that allows grant seekers and
recipients to share their first-hand expcricnccs of working with fiinders). feedback is Collected anoi)ymously and funders
can respond lo fecdback/comments. Tlic portal was officially launclicd in May 2023 and Yapp has since received a high
numbcr of reviews (all positive) in comparison to other trusi5 and foundalions registered witli the site. The l-rust
Secretary actively promotes the site to obiain a broad range of revicws Iroin grant seekers al all stagcs of Iheir
application with us (including unsuccessfiil applicants) and a link 15 included in gjanl offer letters lo siicLesslul
applicants.
Feedbacklreviews durinfj the year freqiiently expressed appreciation of the simple application and monitoring process.
Foi. example..
"Our application for a grant ivas deali with quickly and Nve rcccivcd thc otTer within 2 months of our request. They are
very easy to deal with.
'[ found ihc online fonn very straightforward to Complete. Whether the application is successful or not I personally
found the whole experience really gJood. Emails were quickly replied to without delay. I particularly liked the option of a
grant spr¢ad across 3 ycai's."
'The application is straightforward and Communication with thc Trust is prompt, friendly and hclpful. The great thing
about the funding is that it can support core costs, which is iinusual in our experience."
Page 3

THE YAPP CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEvfEMBER 2024
"Easy to understand application process and a very responsive team that answers quesliuns quickly and supports
poteTJtial grantees as mu¢h ¢iS possible. Please keep doing what you are doing- it is essential for local organisation5 like
ouis!!"
During the life of multi-year grants, subsequent fecdback is sougtst from the grant holdcr on th¢ progress of its work in
the fomi of a detailed report. A stcind4ird prugre55 report template is used to achieve soine consistenLy on the level (and
type) of infomiation grant holders provide. Th¢ progress rcport form is sent lo grant holders in the month before thcir
next grant instalment is due. Occasionally, recipients are also visited by trustees or the administrator. Further payment is
only rclcascd if thc progress report or monitoring visit is satisfactory. £6.200 (2023: £5,000) of grant payment5 were
cancelled during the year due to non-compliance or charity closures.
Infom]alion obtained from visits and progress reports is recorded to provide a longer-tem] picture of grant-holders,
perfonnance and experiences. It is also a valuablc sourLe of infonnation for trustees about tl)c many social problems
being addressed by grant-holders and the effectiveness of the solutions they offer. For example..
"With your support, wc have continued to provide our core l.. I mentoring services for our beneficiaries. In 2023, we
trialled group mentoring specifically aimed at women who are new to Ihc country andlor with limited English. The trial
was very positive and we are now able to offer this service to our wider menlee base. In addition 10 mentoring, we ran
oiir 'Discover-Me' programme between June-Dcc for 10 beneficiaries. Aimed al improving women's confidence,
conimuniLalion skills and reducing social isolation, the progr(Imm¢ was higlily su¢c¢ssful,
'We have Lontinued lo provide a friendly, welcoming environment for those over 60 every r.riday, whcrc Ihcy can enjoy
a home cooked, 2 course lunch, entertainment, subsidised transport, access lo hcalth services and advice as well as
companionship and fun. In July we were able to lake the members out on an excursion lo Dungene55 for a fish and chip
lunch. We rcgularly lake part in chair based exerLises and pranayaina brcaihing techniqiies we have all had fall
prevention and first aid adviLe from the loLdl cutnmunity respondcr.,
'Over the last year we have reLeived subslanlially inLred5ed numbers of people nccding support and the gyrant received
from you la8t year has ciiabled us to mecl Ihcse demands, incliiding food, rneals and provision of pods for temporary
dCLommodation.
'Over the last 12 months we have supported more youiig people than in any other year since our foundation in 2018. 50
young pcoplc directly benefiled from ihe funding la.sl year. We have delivered weekly wellbeing workshops, wcckly
fitness club scssions and ovcr So hours of frec Ihci'apy. We have also led on a 10-week wellbeing Loiirse supporting
young pcople in an arca of identified need, rlin a 4-week coursc on mental health for young care Icavers lo help gyive
them the skills io acccss and su81ain employment oppoiliinities and developed an 'iDlrodu¢tion to menial healih and
wellbeing, session to young people on the Job Ceiilre's Work Skills pi'ojccl.
'We have moved into our own venue and started to expand our offer of creative activities for deaf, dis(Ibled,
neui-odiverse people. We are now ninning a skills development programme where young people have cxplored things
such as creative writing, singing aiid ballrooni dancing. We are also now offering day provisioii for disabled adulis,
usinv creative activities to promote iiidependence focusinLi on communicalion, self-awarene5s and work and recreation.
Bcing able lo increase services responding to families and their needs has bcen wonderful.
Final feedback is sought from all graiit liolders at the end of the final year of Ihcir grant. The feedback covers usc of the
raiil, its effect on the charity, their beneficiaries and any problems encounlei'ed. The End of Grant reports help the
trustees and Administrator to measure the impact of Yapp fundinL. Examples of how the tNst's grants made a difference
this year include:
"The deinand for our exlracurriciilar activities have been exceptionally expanded by increasing the number or
beneficiaries by 42 % and as a result, we have expanded additional activity, which is the provision of fresh & hol foods
for childi'en who are eligible for FSM, as the free school meal is not available from home during Lhe school holidays.
'We continued our core work, Ivhich is the help and care provided to those suffering from mental health difficulties.
Our garden is at the heart of our care - Icaching clients the benefits of good diet and taking that through to planning,
planting and eventually enjoying the things we grow. -I'he demand for our serviccs is Constant, hoivever sincc we help
those wilh serious mental coiiditions we are limited in the nlimber we can support. With t¥vo years, significant salary
increases and increased competition for funds, funding the operation has beeii a challenge this year. We coiitinue to
work lo ensure sustainability.
Page 4

THE Y APP CHARIT ABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
"We have provided free and confidential professional counselling to young people aged 11-25 years old, who
experienced emotional, social and behavioural concerns and those who suffer from social exclusion. The issues young
pcoplc brought to counsellin&F were many and varied including low self-esteem, lack of confidence, bullying, anxiety,
peer pressure and abuse. Demand for our service remains high and thcrc has been an increase in referrals relating to
emolionally-based school (Ivuidance."
'We trained, supcrvi8cd volunteer Tnentors to help pcople at risk of hotnelessness or wilh cxpcriencc of the criminal
juslice 8yStem or substance misuse to achievc speLific 5hort-tenn gyoals as well as building their Lonfidence and their
ability to participate in society.
'We delivcrcd 40 ESOL classes, 36 Employability classes, 39 IT classes and 40 Mcntoring support. 9 refugees have
found employment and the others are either looking for employment or in fiirther education."
Risk Management
The Trustees have considercd the major risks lo which the charity is cxposed and satisfied themselves that systems or
procedures are established in order lo manage those risks. The charity's Risk liegister includes sections on gyovemance,
operational, reputational and financial risks together with agreed measiires lo mitigate against each. The document is
reviewed aiinually by Trustees at their July meeting.
Page 5

THE YAPP CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
FINANCIAL REVIEW
Financial position
'I'he Trust 15 dependent on returns from its investments, inLome from which amounted to £183,564 (2023: £162,972).
Grants approved amounted to £216,500 (2023- £207.250). The truste¢s s¢t a level of grant spending each year which
takes into acLOUTlt projected investinent return and in ordcr to provide additional fl¢xibility, they are able to allocate up
to 3 /0 per annum of the Trust's capital on activities within the objectives of the -frus1. £70.000 {2023: £79,790) was
withdrawn from the Indowmenl Fund dui'ing th¢ year.
Allowing for granl-related support COSts of £35,197 (2023: £33,240) and support costs of £8,598 (2023- £7.272) Ihere
was a deficit before transfcrs on the unreslricted income fund for the year of £73,180 {2023.' £79,790).
The unrcslrictcd ￿nd now shows a surplus carried fonvard of £586 (2023.. £3,766). It is considered vital to the objects
of the charity to maintain the grants stream, niaking capital witlidrawals if necessary.
Policy on reserves
Grant commitments agreed in respccl of ongoing grants for the next two financial years. total £196,250 at the year-cnd
(2023: £179,500).
The calculalion of free reserves is based on the definition included in thc charity statement of recommended practice
(SORP), which provides recoinmendations for accounting and reporting for charities. it excludes fixed assets touyether
wilh long term financing liabiliiies. Free rcsei'ves al the year end are £67,586 (2023: £62,016).
The charity aims to hold sufficient ciirrenl asscts to covcr the non-grant payments due in the next year £43,795 (2023..
£40,625). At the year-cnd date there were net ciirrent a5setslliabililics of £10,375 (2023: nel currcnt liabilities of
£56.166). 1.his is monitored using a spreadshcel niodcl and discussed at Trustees meetings. The Truslees are
comfortable with this positioii givcn the Lu￿ent investment ¢issets held and the futiirc inveslmcnl return duc io the
charity, which will support payment of existing Liranl comniitnients.
Fundraising policy
We are aware of the Ch¢irities {ProteLtion and Social Invcstment) Act 2016 Act and recognise the standards requir¢d
regarding fundraising. Howcvcr, the cliarity does not engagye in fundraising at Ihis lime.
Investment policy and objectives
Tlic primaiy invc8lment objective of the Trustccs is to providc incoine for grants, combined with growth in capital, from
a portfolio of securities invested in a medium risk category.
The following investment objectives were approved at the trustee meeting on151h March 2012 as a suitable mechanism
for implementingy the agreed investinent polily:
o Income to be general¢d approximatcly cqual to Ihe FTSE 100 yield over any given 6-monih period
o Tlic fixed intei'est conteiit is lo be no gi'ealer than 25 % of the total value of11)e '1 rust's investments, the remainder to be
in cquities, property or cash.
The Ti-usl's Investment Policy is usually reviewed annlially al the Noven)ber ttiislee n)eetin¥. Oversigihi of the
perfomiance of the investincnls is dclcgalcd to a sub-coinmillcc of iriistees who Ineel witli the Inveslmeiit Mana(yer
regularly. Ai the year-end, the Trust's capital investments iiicludinLY cash held by Ihe Investment Manager were valiicd at
£7,654,893 (2023: £7,005,969). There was a further slim of £10,904 (2023.. £25,727) held in the Triist's own bank
accounts.
Going concern
Thc charity's forccasls and projections for the next twelve months shoiv thal the charity should be able to continue in
operational existence for Ihat period, t¢ikingJ into account rea50n(ible po55ible changc8 in Irading pcrtomiance. The
charity has strong positive investments and cash balances available and is fore¢asling for this to continue to be the casc.
The Iruslees have stress tested their forec¢lSts, consideriiig various sceiiarios, and r¢niain conlidcnt Ihal th¢ unccrtainties
do not cast significant doubt on Ihe charity's ability lo continue as a going conccrn.
Page 6

THE YAPP CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PLANS FOR FUTURE PERIODS
The grant making policy will cuTJtinue to be regularly reviewed at trustee meetings. Fcedback from grant-holders will
ontinue to inforni this pro¢¢ss. A further strategic review is due to tak¢ plac¢ in September 2025.
The current financial climate is reducing the Trust'5 investment income whilst demand from appliL(Ints for the Trust's
support remains high. The trustees are aware that they must strike a balance between meeting current and future needs in
considering the atnount and level of grants made.
STRUCTURF, COVERNALYCE AND MANAGEMENT
Governing document
The Trust is a rebFislered charity. number 1076803, and is governed by a trust deed dated 1st July 1999 (and amcnded
15th July 2004). The Yapp Chai'ilablc Trust was eslablished by bringing together two charitable trusts that were
originally created in 1968 in accordance with the Will of William Johnston Yapp who had inslructcd that the rcsidue of
his estate was to be used for charitable purposes.
Recruitment and appointment of new trustees
The Trust is administercd by not less than five and not more than seven trustees. The Iruslees retire by rotation with a
maxitnum term of five years unless re-eleLÉed. New trL18tccs are recruiled via advertiseinenls on relevant websites (c.g.,
Rcach and volunteering aLyencies). The power of appointment of new trustees is vested in the trustecs for the time being,
logciher with various administrative powers. At their Sepiembcr 2021 strategy mecling, trustees uliliscd the Association
of Charitable Foundations (ACF)'s self-asscssmcnl tool (10 Pillars of Stronger Foundations) designed to help
)ranl-making trusts and foundations idciitily and pursue excellent pizctice. The tool coniprises short survcys ba.led on 6
thematic I'cports (i. Diversity, Eqiiity and Incliision. li. inipact & I,earnin(i' iii. Strategy & Governance. iv. "franspareiicy
& Engagement. v. Investment. and vi. Funding Practices) and give5 examples of how Inist5 mibht demonsiratc Ihcy Jneet
each. Whcn discussing Diversity, b,qiiity & Incliision (DEI). trustees acknowledged that the board has a good mix of
demographics iii terms of gyender, aLTre, experience and gcographiL IuLdlion bul is someihing we could further strcngthcn
by using scctoi. specific DF.I trdining and resoLifLes (such as Young Trustees and Beyond Siifftage) when recruiting
futiire trustees.
Induction and training of ncw trustccs
Before <ippointing a new tnistee, Ihc ransye of skills amongst exislingy triislees is reviewed lo identify tlic skills and
cxperience to be SOLILyhl. Polciitial irustees are pi'ovided with information about the Trust's policics and procedures and
are invited to observ¢ a triist¢¢s' m¢¢ling b¢fore a¢¢¢piing appointment. 'I'liey are also provided with Charity
Coinmission guidance on acting as a tnistee and askcd to coinplele the charity's 'l"nislees' Cod¢ of Londuct form.
.1 ruslee Governance ReferenLe Guide was developed in 2021 to support Tnjslees (collectively aiid individually) lo meel
legal and regulatory responsibilities. 'I'he giiide was adopied al the July 2022 meeting, 'lo higihligihi th¢ Trust's
orninitmcnt to leai'iiin￿prof¢ss10nal dcvclopincnl by enci)iiragiingF access lo rclcvai)I courseslworkshops, 'poienlial
trainii)g iieeds, is a sland4ird agenda item for discussion al each Trustee mccting.
The Trust is a fiill member of ACF - the nicinbership body for UK foundalions and grant-iiiaking charities with the
mission of supporting them to be anibitious and effective in tlic way that they use their resources.
Related parties
The Ti'iist does iiot have a lormal policy but follows tlie Charity Commission's guidelines regarding registering conflicts
ot loyalty or interest. 'Declarations of iiiierest, is a siaiidard agenda ilcm al every 1'ruslee nieeting. Ti'Lislees al'e asked
an]iually (during the audit pi'ocess) to record <iny conf]i¢ls <ind lo declare theTn al the Start of each mecling. Thcrc were
no conflicts of iiiterest during this year.
Arrangements for settiiig key management pcrsonnel rcmuneration
The bo¢ird, who gFive their lime freely ¢ind received no rcniungr(Ition in the year, have considered the kcy management
perso[￿e1 (KMP) of the charity. Together ¥vith the board, the KMP are thosc in charge of dirc¢ting and controlling,
nirming and oper(Iling the activitie5 of the charily on a day-to-d¢ly basis. The board have recognised that the
Administ￿torITrU5t Seci-etary in addition to themselves is considered to be KMP and is conlracted on a part-lime
s¢lf-employ¢d basis. Regiilai. reviews relaling lo performanc¢ and i'cmiiiieration are performed.
Organisational structure
The trustees meet at least three liines a year to consider recommendations for, and make final dccisions on, the awarding
of grants. The day-lo-day adiiiinistration of grants and the pi'ocessing of applications prior to consideration by the
trustees is delegaled to the trust Adininistrator, wlio also acts as secretary to the triistees.
Page 7

THE Y APP CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER2024
REFFREIYCE AIYD ADMINI.STRATIVE DETAILS
Registered Charity numb¢r
1076803
Principal address
I si Floor, Milc Housc
Bridge End
Chester le Street
County Durham
I)H3 3RA
Trustees
J Fergiisson
J Kisenyi (resigned 2611112024)
S J Evans
J Orchard (resigned 1/712024)
l. J Bone
A WHill
K Cohen (appointed 1411112024)
Indcpcndenl F,xaminer
RMT Rib¢h¢sters
Accountants and Biisiness Advisors
Finchale Floiise
3elmonl Business Park
Durham
l)EII ITW
Statement of Trustccs, Rcsp(Jnsibilities
The Iruslees are responsible for prcparing the tnistees, rcporl and the financial stalenients in accordancc with the United
Kingdoni Accounting Siandards (Ui)ited Kingdoin Generally Accepted Accounting Practice) and appliLuble law and
regiulations.
The law applicable lo charities requires the trustees lo prcpare financial statcmenls for each financial year which give a
truc and fair view of the slate of affairs of the charity and of the incomiiig resourccs and application of resources of the
charity for that period. In preparin¥? thcsc fin(InLial slatemeiits, thc trustees are rcquired to:
o select suitable accoiinting poliries and then apply them con5iStenily'
o obscrve the methods and principles in thc Charities SOKI).
o make judgements and e8liinalcs Ihal are reasonablc and prudei)t'
o stale whell)er applicable accoui)ling standards have been followed, subject to any malcrial departures disclosed and
explained in thc tinancial 5tatenienls' aiid
o prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charity will
continue in business.
Thc Irusle¢s are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the
finai)cial posltion of the cl)arity aiid enable them to cnsiire Iliat the financial stalemcnls coinply with the Cliai'ities Act
201 I, the applic(Ible Charities (Accoiints and Reports) Regulations, and the provisioi)s of Ilie conslilution. The truslees
are <ilso respoiisible for safegyuardinLy the asset5 of the charity and hcncc for taking reasonable steps for the prevention
and detection of fraud and oihcr irrcgularities.
Disclosure of information to independent examiner
Each trustee has taken steps that they ought to have taken as a trustee in order lo make themselves aware of any relevdnl
informalion and to establish ihat ihc charity's independent examiner is aware ol. Ih¢lt information. The trustees confirm
Ihat there is no relevant infortnation that they know ofand of which they know the independent examincr is unaware.
Reappointmcnt of indcpendent examiner
Ribchesters were appointed on 1st March 2024 10 indepcndently examine the trLlSt's accounts for the year ending
Septe￿ber 2023. A resolution to i'eappointment Ribchesters lo independently examine the trust's accolints for this
financial year was approved al the Iruslee meeting held on 14tli Novembcr 2024.
Page 8

THE YAPP CHARITABLE TRusr
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Approved by order of the board of trustees on 3 April 2025 and signed on its behalf by..
A W Hill- l-rustee
Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE YAPP CHARITABLE TRUST
Independent examiner's report to the trustees of The Yapp Charitable Trust
I report to the charity trustees on my examination of the accounts of The Yapp Charitable Trust (the Trust) for the year
ended 30 September 2024.
Responsibilities and basis of report
As the charity t￿Ste¢S of the I"rust you are responsiblc for the preparation of the iiccounts in accordance wilh the
requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of thc Trust's aLcount5 carried out under Section 145 of the Act and in carrying out
my exarnination I have followed all applic(ible Direclions given by ihc Charily Con1￿1Ssion under Section 145(5){b) of
the Act.
Independent examiner's statement
I have completed my examination. I coiifirni that no material matters have come lo my attention in connection with the
examination giving me cause to believe that in any material I'espect..
accounting I'ecords were not kept in respect of the Trust as rcquired by Section 130 of the Act. or
the accolints do not accord with those records. or
the a¢coiints do not coinply witli the applicable requirements concerning the forni and content of accounts sel out
in thc Cliarities {ALLounts and Reports) Regulations 2008 other Ih¢in any requircmenl that the accounts give a
true and fair view which is not a maller coiisidered as part of an independent examination.
I have no concerns and have come across no otlicr matters in Connectioii with thc oxamination to which attention should
bc drawn in this rcport in order to enable a proper undcrslanding of the accounts lo be reached.
Lcslcy Stabler BA(Hons) FCCA
RMT Ribchesters
Accountants and Busincss Advisors
Finchale I louse
Belmonl Business Park
Diirliam
DHI ITW
9 Api'il 2025
Page 10

THE YAPP CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDF,D 30 SEPTEMBF.R 2024
2024
Total
2023
Total
funds
Unrestricted
fund
Restricted
rund
Endowment
fi]nd
Notes
IINCOME AND
ENDOWMENTS FROM
Invcslment income
180,915
2,649
183,564
162,972
EXPENDITURE ON
Raising funds
40,432
40,432
39,739
Charitable activities
Grant funding of activities
Support Costs
210,300
43,795
210,300
43,795
202,137
40,625
Total
254,095
40,432
294,527
282,501
Net gains on investments
730.534
730,534
195,372
NET
INCOME/(EXPENDITURr.)
Transfers bctiveen funds
(73,180)
70,000
692,751
170,000)
619,571
75,843
10
Net movement in fllnds
(3,180)
622,751
619,571
75,843
RECONCILIATION OF
FUNDS
l otal funds brou&)hi forward
3,766
6,832,996
6,836,762
6,760,919
TOTAL FUNDS CARRIED
FORWARD
586
7,455,747
7,456,333
6,836,762
The notes fortn part of these financial slalemen15
Page 11

THE YAPP CHARITABLE TRUST
BALANCE SHEET
30 SEPTEMBER 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Restricted
fund
Endowment
fund
Notes
FIXED ASSETS
Investments
7,512,958
7.512.958
6,951,178
CURRENT ASSETS
Inveslments
Cash at bank
205,188
4,351
(63,253)
6,553
141,935
10.904
54.791
25,727
209,539
(56,700)
152,839
80,518
CRF,DITORS
Amounts falling diie within one
year
(141,953)
(511)
(142,464)
(136,684)
NETCURRENT ASSETS
67,586
{57,211)
10,375
(56,166)
TOTAL ASSETS LESS
CURRENT LIABILITIES
67,586
7,455,747
7,523,333
6,895,012
CRF.DITORS
Amoiints falling due after more
than one year
(67,000)
(67,000)
(58,250)
NET ASSETS
586
7,455,747
7,456,333
6,836,762
FUNDS
UnrestriLled funds
Endowment fuiid.s
10
586
7,455,747
3,766
6,832 ()96
TOTAL FUNDS
7,456,333
6,836,762
The financial slatcmenis wcrc approved by tlie Board of Truslecs and auihorised for issue on 3 April 2025 and were
signed on its behalf by..
A W Hill- Trustee
The notes form part of these financial statements
Page 12

THE Y APP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMF.NTS
FOR THE YEAR F.NDED 30 SEPTEMBER 2024
ACCOUNTING POLICIES
Basis of preparing the financial statem¢nts
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (fRS 102) 'Accounting and Reporting by Charities: Statement of
Recomm¢nd¢d Practice applicabl¢ to Lharities preparing their accounls in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reporting Slandard 102 'Thc financi<il Reporting Standard applicable in the UK and Rcpublic of
Irelaiid, (ind the Charities Act 2011. The financial slalemenls have been prepared under the historiral cost
convention, with the exccpiion of investments which are included at market value. as modified by the revaluation
of ccrtain assets.
Income
All income is recognised in the Statetnent of Financial Activities once the charity has entitlernenl lo the fiinds, it
is probablc that the income will be receivcd and the amount can be measured reliably.
Expenditure
I,i£ibilities are recognised as cxpendittire as soon as thei'c is a legiil or constrLlCtive obli&)alion coinmitting the
charity lo that expendilure, it is probable that a transfer of economic bencfils will be required in setllemcnl and
the amoiint of the obligation can bc measured reliably. F,xpenditure is accounted for on an accruals basis aiid has
been classified under hcadings that agg)regale all cost related to the categ70ry. Where costs cannot be directly
attributed to particular headings they have been allocated to activilies on a basis consistent with the use of
r¢soui'ces.
Cjranls offered subjeLt lo condilions which havc not been niel ai Ihe year end date are nolcd as a commitment but
not accrued as expendilurc.
Taxation
The chttrity is exempt from lax on its chai'ilable aLtivilics.
Fund accounling
Unrcstricted flinds can be u8cd in accordance with the charitablc objectives (It the discretion of the trustees,
Rcslricled fuiids Van only be uscd lor partiLular reslricted purposcs wiihin Ihe objects of tl)¢ ¢hdrity. Restri¢tions
arise when spccificd by the donor or whcn funds are raiscd for particular restricted PLifp05es.
Further explanation of the iiature and purpose of each fund is iiicluded in the notes to the financial stalcmcnls.
Financlal Iiistruments
"I'lie ¢harity has clccled lo apply the provisions of section I I 'Basic Fiiiancial Inslrumenls, aiid Sectioii 12 '011ier
Finai)cial Instrumen15 15sucs' of FRS 102 to all of its financial in5trumenl8.
Financial inslriiinents are recognised in the charity's balance sheet Nvheii the charity becomes party to the
conti'aclual provisions of the inslriimenl.
Financial assets and liabilities are offset, with the nel amounts prescnicd in the financial stalemcnls, when Iherc is
a legally enforLeable right to set off the recoL)nised amounls and there is an intention lo settle on a net basis or to
realise the asset and sciilc the liability .8imultaneously.
Exemption from prepJring a cash flow statement
The charity opted to adopt Bulletin I published on 2 FebrLiary 2016 and have thereforc not inLluded a cash flow
slatemenl within these liiiancial Statements.
Paoe 13
continiied...

THE Y APP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- eontinued
FOR THE YEAR ENDED 30 SEPTEMBER2024
ACCOUNTING POLICIES - continued
Going concern
The charities and projeclions for thc next tw¢lvc months show that the charity should bc able to continue in
operational existence tor that period. 'fhe chariiy has strong posltive investments and cash balanc¢s available and
is forecasling for this to conlinue to bc the case. The trustees have stress tested their forecast5, taking into
account various scenarios, and remain confident that the uncertainties do not Last significant doubt over the firms
ability to conlinue as a b?oing concern.
Esliniation uncertaincy and judgements
The preparation of the financial statenicnls requires managyemenl to make judgements, estimates and assumptions
that affect the aniounts reported.
Management have provided depreciation, prepaynents, accruals and other cut-off adjustments. Whilst
management believe that these adjustments arc accurate, there is every likelihood thai they will noi be exact.
Thesc estimates and judgiements are continually reviewed and are bas¢d on cxperience and olher factors,
including cxpe¢talions of future events that are believcd to be reasonable under the circumstances.
Income and endowments
Endowment fund investments are stated at mid-market value al Ihe year end.
Unrcalised gains and losses are included within the Sialeinent of Financial ALtivities (SOFA) and represent the
increase or decrease in markct valiie cotnpared willi the market value at the beginiiing of Ihc ye<ir ol the Lost of
addilions al the end of tlie year.
Investment income
Investment incomc is reLogiiised oil an accrual basis and any repayable income lax dttributable to tl)e income is
recogni.8ed on thc same date.
F.xpenditure
All expenditure is includcd on an acLrual basis and is recognised when there is a legal obl igation lo do so,
Raising funds
Tl)ese are costs inLLirred in altractiiig income, the management of inveslmeiits and those incurred in trading
activities that raise funds.
Charitable activities
Cl)arilable expenditure compromises those costs incurrcd by tlie cliarity in the dcliveiy of its activilies and
services for ils beneficiaries. li includes both costs that cali be allocated directly to such activities and tliose cost5
of an indireLI nalure necessary lo siipport thcm.
Grant expenditure and commitmcnts
Grants <iivarded (Ire reco•nised oiice tlie trLlStecs have approved the commilinenl, giving the I'ecipienl an
expeclalion of receipt, even though the paymcnls may be scheduled over a pei'iod of Ihi-ec years. Any granl which
is unpaid at thc ycar end is recorded in creditors and analysed accordingyly whciher dlie in less than or more than
one year.
Grant provisions
Provisions for a grant are made when the intention to make a ￿ant has been communicated to ihc recipient but
there is iincertainty about either thc timing of the grant or the amount of grant payable.
Other expenditure
Dirccl costs are allocated to one of the fiinctional categories ofresoiirces explained within the SOFA.
Adniinistration Costs are apportioned between costs of charitable activities and governance costs based on an
analysis ol liine speiii by the adininisti'atoi. on grant-related activities.
Page 14
continued...

THE YAPP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACCOUNTING POLICIES- continued
Expenditure includes any VAT which cannot b¢ r¢covered as the Charity is not VAT registered.
Supporl costs
Support cosls have been allocated to aLtivity cost categories on a basis consislent with the use of resources.
Taxation
The charity is considered lo pass the tests set out in Paragraph I Schedule 6 of thc Finance Act 2010 and
therefore it meets the definition of a charitable conipany for UK corporation tax purchases. Accordingly, the
charity is polenti(illy exempt from taxation in respect of inconie or Lapital gains received within categFories
covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Seclion 256 of the Tax¢ilion of cllargeable
Gains Act 1992, to the extent that such income or gains are applied cxclusively to charitable purposcs.
Fixed asset investments
Fixed asset investn)ents arc tncluded al market value at the balance sheet dale. Realiscd gains and losses on
investments are calculated as the diffcrcnce between sakes proceeds and their market V¢ilue at the start of the
year, or their subsequent cost, and are chargcd or crediled lo thc Stateinent of Ftnancial Activities in the period
of disposal.
Unrealised gains and losses represent the movement in market values during the year and a￿ ¢reditcd or charged
to the Statcmcnt of Financial Activities b<ised on the market value al the year cnd and allocated to the
Endowment funds.
Current asset investments
Currcnt asset inveslments are cash deposits <ind included at Iheir tran.sactioi)al valuc.
Debtors
Prcpayments and accrued income rclllles to amounts paid in advance of sel.vice￿ goods beingi r¢ccived and
income reccived in iidvancc of goods/ serviccs being provided respectively.
Cash xnd cash equivalent5
Cash and cash eqiiivalents compromise cash on hand arid call deposi15, and other short-term highly liquid
investments Ihal are readily convertiblc to a known (Imounl of cash and are subject to an insignificai)I risk or
change in value.
Fund slruclure
Both the iiicomc fund and tlie endowmcni Lapital fund are unrestricted income funds which are available for use
at the trustee's discretion in fiirtheraiice of the objectives of the charity and have not been desigiiated for other
piirpose5.
INVISTMENT INCOME
2024
2023
Inveslinenl income
Interest receivable
180,661
2,903
162,832
140
183.564
162,972
Page 15
continued...

THE YAPP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
GRANTS PAYABLE
2024
2023
Grant funding of dctivities
210.300
202,250
Page 16
continued..

THE YAPP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
GRANTS PAYABLE- eontinued
The total grants paid to institutions during the year was as follows:
2024
2023
Beverley RDA
Calon RDA
CANDI
l.arnbeth Elderly Association from Vietnam
Merry Go Round Toy & Ixisure Librarie5
Moorlands Voluntary & Community 'fransport
PACE 2000
Read E<lSy Hackney
1st Chivenor Scout Group
Ivoice - Communicating Togieiher
Ashington Veterans and Elders Institute
BCU Lifc Skills Centre
Middlesbrough Sportability Club
Movement for All
New Friends for You
Own Books
6,000
2,500
9,000
9,000
6,000
7,500
6,000
3,000
1,000
4,000
3,000
6,000
9,000
3,000
6,000
1,000
6,000
6,000
9,000
9,000
6,000
3,000
750
,500
9,000
3,000
9,000
4,000
9,000
2,000
9,000
3,000
7,500
3,000
1,500
3,000
9,000
6,000
6,000
(5,000)
3,000
Sahara (Coveniry) I,td
Sty Autism Support
Somersel Child Contact L¢ntres
Southbourne & Di5tricl Age Coiicern
.1 wocan Incliisivc Thealrc Company
6th East l)addingion Brownie Giiide Unit
Bivol Trust
Carcrs Sitters Service
Clapton & IIackney Sea Cadcts
Derby Refugyec Forum
Dyfodol Powys Fulures
Eastlcigh Ilorough & Ilomscy Mencap Society
Fireworks
LAamig)a
Marsham Older Peoplc's Project
Minehead Hope Ccnlre 1-rusl
Read F.asy Notlin¥ham
Spe<ik Up somerset
Students 4 Students
Vcc's Place
Wraysbury & Horton Voliintary Care
CitiLcn Development Community Centre
Commitments rellirned io budget
Moiilgomeryshire Youtli Theatre
I st Loftiis Scout Group
Ashbourne Playiiway l>layscheme
Chascd Hospital Transport
Etllych Berkishire
Feliham Community Chaplaincy Trust
Hillingdon Somali Woinens's Group
4omc-Slart 1'eignbridge
Kent Refugee I Ielp
Sioke-on-Trent Unit 321 of th¢ Sea Cadets Corps
Tearn Imagineers
Wyeplay
7th Sl Pancras Giiides
Andrew Cassell Foundation
Birmiiighams Peoples Centre
(6,200)
9,000
6,000
7,500
6,000
9,000
3,000
9,000
3.000
6,000
3,000
3,000
9,000
6,000
3,000
6,000
Page 17
continued...

THE YAPP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
GRANTS PAYABLE- continued
Binningham Stirling Unit 39 of the Sea Cadet Corps
Calnden Listening & Counselling C¢ntre
Christchuch Support Kabin
D'Arts
Doorset Reading Partners
Midlands Migrant Support
Paul Ridd Foundation
Rhondda Sea Cadets
Wigan STARS
The Crossii)g l)oint
1st Murton Scouts
Allied Resource community
Bradford Sea Cadets
Connections Group Exeler
Green Hcalth 'l'hames Valley
M<ima2Mama Baby F,ssenlials
Prcgnant in West Londoii
Salaam FC
'l-rimsaran Family Centre
Winslow Activity Club
You My Sister
'renby Sea Cadets
3,000
9.000
6.000
6,000
6.000
6,000
3.000
6,000
6,000
9,000
3,000
9,000
6,000
9,000
6,000
3,000
6,000
9,000
3,000
5,000
4,500
1,500
210,300
202,250
TRUSTEES, REMUNERATION AND BENF.FITS
There were no Iruslees, reiniineralion or othei. benefits for the ycar endcd 30 Scpteinber 2024 nor for the year
cnd¢d 30 September 2023.
Trustees, expenses
During tlie year the trLlStces were rcimbursed expcnses totalling £2,145 (2023., £1,271).
COMPARATIVF.S FOR THE STATEMF.NT OF FINANCIAL ACTIVITIES
Unrcstricted
Restricted
fund
fund
Endowmenl
ftind
Total
funds
INCOME AND F.NDOWMENTS FROM
Inveslinent income
162,972
162,972
EXPENDI'fuRE ON
Raising) funds
39.739
39,739
Charitable activities
Grant funding of aclivitics
Support costs
202,137
40,625
202,137
40,625
Total
242,762
39,739
282,501
Net gains on investments
195,372
195,372
Page 18
continued...

THE YAPP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- eontinued
FOR THF, YEAR ENDED 30 SEvfFMBER 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
Unrestricted
Restricted
Endowment
fund
rund
fund
Total
fund5
NET INCOME/(EXPINDITURE)
Transfers between funds
{79.790)
40,000
155,633
(40,000)
75,843
Net movement in funds
(39,790)
115,633
75,843
RECONCILIATION OF fuNDS
Total funds brought fO￿ard
43,556
6,717,363
6,760.919
TOTAL FUNDS CARRIED FORWARD
3,7()6
6,832,996
6,836,762
FIXED ASSET INVESTMENTS
Listed
inveslments
MARKET VALUE
At l October 2023
Addiiions
Disposals
Revtilualions
6,951,178
1,524,434
(1,619,395)
656,741
At 30 Scptember 2024
7,512,958
NET BOOK VALUE
AI 30 Septembcr 2024
7,512,958
AI 30 Septeniber 2023
6,951,178
There were no investment asscts oiitside Ihc UK.
Cosi or valuation al 30 September 2024 is reprcsented by:
Listed
investnients
Valuatioii in 2024
7,512,958
The invcslments have beeii valucd by Investec, the '[ nist Investmcnl Managers, a8 al 30 September 2024 and in
accoi'dance with the Siatcmenl of Recoinmcnded Pi'actice, Ihey have been shown in the Balance Slieet at their
market value.
I'he historic cost as at 30 September 2024 amounted to £7,654,892 (2023.. £7,014,750).
Page 19
continued...

THE YAPP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
CURRENT ASSET INVESTMENTS
2024
2023
Cash deposits
141.935
54,791
CREDITORS: AMOUNTS FALLING DUE WITHIN ONF. YEAR
2024
2023
Other creditor5
142,464
136.684
CREDITORS: AMOUNTS FALLINC DUF. AFTER MORE THAN ONE YEAR
2024
2023
Othcr creditors
67,000
58,250
io.
MOVEMENT IN FUNDS
Nel
movement
in funds
Transfers
belwcen
funds
At
1.10.23
At
30.9.24
Unrestricted funds
Licneral fiind
3,766
(73,180)
70,000
586
F,ndowment funds
Endownicnl fund
6,832,996
692,751
(70,000)
7,455,747
T()TAL FUNDS
6,836,762
619,571
7,456,333
Net movement in funds, included in Ihc above are as follows..
Incomin(y
resourccs
Resources
expcndcd
Gains and
losscs
Movement
in fui)ds
Unrestricted funds
General fund
180,915
(254,095)
(73,180)
Endowment funds
Endownieiit fund
2,649
(40,432)
730,534
692,751
TOTAL FUNDS
183,564
(294,527)
730,534
619,571
Page 20
coniinued...

THE YAPP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SF.PTF,MBER 2024
io.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
N¢1
movement
in funds
Transfers
between
fijnds
At
1.10.22
At
30.9.23
Unrestricted funds
Gencral fund
43,556
{79,790)
40,000
3,766
Endowment funds
Endowment fund
6,717,363
155,633
(40,000)
6,832,996
TOTAL FUNDS
6,760,919
75,843
6,836,762
Comparative net niovement in funds, included in the above are as follows:
Incoming
resolirces
Resources
cxpcndcd
Gains and
losscs
Movcment
in funds
Unrestrieted funds
Cjeneral fiind
162,972
(242,762)
(79,790)
F.ndowmcnl funds
Endownient fund
(39,739)
195,372
155,633
TOTAL FUNDS
162,972
{282,501)
195,372
75,843
A Lurreiil ycar 12 monihs aiid prior year 12 months Lombincd position is as follows:
Nel
movement
in t.unds
Transfers
between
At
.10.22
At
30.9.24
Unrestrictcd funds
General fuiid
43,556
(152,970)
I i 0,000
586
.ndowment funds
Endowmeiit fund
6,717,363
848,384
( I i 0,000)
7,455,747
TOTAL FUNDS
6,760.919
695,414
7,456,333
Page21
continued...

THE Y APP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
io.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined nct movement in funds, inLluded in the abov¢ are
as follows:
Incoming
resources
Rcsources
expended
(iains and
losses
Movement
in tunds
Unrestricted funds
General fiind
343,887
(496,857)
(152,970)
Endowment funds
Endowment fund
2,649
(80,171)
925,906
848,384
TOTAL FUNDS
346,536
(577,028)
925,906
695,414
RELATF.D PARTY DISCLOSURES
There were iio related party transactions for Ihe year ended 30 September 2024.
Page 22