THE J L YEARSLEY FAMILY FOUNDATION
REPORT AND UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Registered Charity Number.. 1111517
WRIGLEY PARTINGTOM
Chartered A￿untants
Stsdlng House
501 Middl8ton Roacl
Ghaddtrrton
Oldham
OL9 9LY

THE J L YEARSLEY FAMILY FOUNDATION
CONTENTS
Pa
Tnjstees, Report
Independenl Examiners Report
Stalfymenl of Finanaal Activities
Balan￿ Sh&èl
Slalemenl of Cash Flows
Notes to the Flnancial Statements
8-11

THE J L YEARSLEY FAMILY FOUNDATION
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present thair Annual Rewjrt together wth th8 financial statemfynls of The J L Yearsley Famity
Foundallon for the year ended 31 March 2023.
dAd
trative Inf
ation
nurn
1111517
alA
Kingthorpe
18 Bury & RoeJ)d8le Old Road
Bury
Lancashire
BL9 Trz
sl
The Iruslees setving during the year were..
J L Yearsley
L Russell
R l Nicholson
Ind
dent ex
Paul Quinn
BK Plus Limited
Sterling House
501 Middleton Road
Chadderton
Oldham
OL9 9LY
ves
Brown Shipley
3 Hardman Street
Manchester
M3 3HF
Ban
Brown Shiplèy
3 Hardman Street
Manchester
M3 3HF
Stru
ove
nc
an
Mana
Tha charity has been sel up as an unincorporated charitable trust and is governed by its trust deed.
A board of trustees, who meet on a regular basis. administer the ¢h8rity. The charills investments
are rnanaged by Brown Shipley.
New Irusle¢s are appointed by a resolution of a meeting of the Iruslees and rnay b& appointed at any lime,
provided that the lolal number of trustees does not exceed 4.
There is no formal training provided for trustees bul they are advisèd Its read literature available from the
Charity Commission and they are made aware of their genèral duties and responsibilities as part of the
recruitment piocess and once they join the board and attend meetings.
The charity has no personnel other Ihan the trustees and no remuneration is paid.

THE J L YEARSLEY FAMILY FOUNDATION
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENOED 31 MARCH 2023 ¢ontinugd
Rlsk Man
The trustees aeb'vely revi8w any major risks ￿lch the charity faces on a regular basis and believe that th6
level ol reserves maintalned, combined with an annual review of the controls over key financi81 sysltsms, wll
provide sufficient rèsources in the •v$nl of adverse ¢ondit*ons. The trustees have also examined other
operational and business risks faced by the charity and confirm that they have established systems to
mitigate the most significant risks.
èeti
Actlvltie8
Thè objectives of the ¢h8rity are to provide monies Iow*Tds kncal charities, sports activitses and general
worthy causes.
The charity's ftjnds are mainly Invested in a portfolio of listed securities and in shares of its subsldiary
company. The Iruslees inttrnd to make regular gifts lo suitable worthy causes OLrt of the ielum8 on Ihose
tnveslmenls.
During the year the charSly made donallons lo local and other charities amounting to 8 lolal of £6,608.
In shaping our objectiv$$ for the year and planning our activities, the truste¥$ have considered the Charly
Commission's guidance on public benefit. including the gvidance"publlc benefi't.. running a charity IP821".
Achlèvèm
Perform
e and Flnan
l Revlew
The tharity's income during the year amounted to a lot81 of £776,109 12022.. £22,726), conslstlny of
donations re￿IVed of £743,744. int6Tesl received of £12,297 and dlvidends received on listed inveslmenls
of £20,068. Tha donalions received included a gift of £671.038 in the form of shares in Belfield Hall
Oev*loprnent8 Ltd. now 8 subsidiary of thg charity. In addition. there was a profil of £233,050 on tho sale of
listed securiiies. and an unreallsed loss of £380,491 on the revaluation of investments held 81 Ihe balance
sheet date.
The nel movem6nl in funds durSng the year was an increase of £609,996 {2022.' decrease of £21,8391 and
the total funds ol the charity 31 the end of the year, all of whlch 8ie unrestricted, were £2,342,87412022.'
£1.732.8781
Polle
The rese￿eS of the charity, which are all unrestricted. are mostly held in a portfolio of listed $è¢urili&$ and in
shares in its subsidiary company. The curronl intention is lo maintain the real capital value of Ihosè
inveslmenls over the mediurn lerni and increase it throtjgh further donations received. to enable the
objectives of the chaiity to be fundod out of the retums on those investments for many years.
The lèvel of reserves al 31 Marth 2023 was £2.342,87412022'. £1,732.8781, which is consldered to be an
ac¢eplabl8 level and is consistent wth the reservès polry.

THE J L YEARSLEY FAMILY FOUNDATION
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023 ¢orrtlnued
Plans for Futur
iiods
11 is intended that the investment portfolio of listed securities will continue lo grow and that regular
gifts lo suitable worthy causes will be made out of the returns on those investments.
Trustee
'Re$
onslbilltles In
olatlon to the Financial Sta
ments
Law appli¢abl@ to charilies in England and Wales requires the trustees to prepare accounts for each
financial year which give a true and fair view of the ¢hariVs financial activities during the year and of
its financial position al the end of the year. In preparing those accounts. the Iruslees are required to..
select suitable a¢counling policies and apply them consistenuy;
observe the methods and principles of the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
prepare the accounts on the going concern basis unless il is inappropriate to presume
that the charity will continue in operation.
The Iruslees are responsible for keeping proper accounting records which disclose with reasonable
accuracy the financial position of the charity and enable them to ensure that the accounts comply
with the Charities Act 2011, the Charity IAc¢ounts and Reports) Regulations 2008 and the provisions
of the Iiusl deed. They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the P￿ventIon and detection of fraud and other irregularities.
Com
nce wlth Ac
untln
Standard8
The trustees confirm that the financial statements comply with the current statutory requirements,
the Charities Act 2011, the provisions of the trust deed and the requirements of the Charities SORP
IFRS 1021
D ¢laration
The trustees declare that they have approved the Trustees. Report above.
Signed on behalf of the Charity's Trustees
earsley {Truste
Date

THE J L YEARSLEY FAMILY FOUNDATION
INDEPENDENT EXAMINeR'S REPORT TO THE TRUSTEES OF
THE J L YEARSLEY FAMILY FOUNDATION
I report lo the Iruslees on my examinalv)n of the aGcounts of t￿ charity for tho year ended 31 March 2023 comprise the
Slatemeni of Finuwal Araivities. thè B￿&￿c* Sheel, and th8 rèbi*l noles.
08 and ba51
A5 the Iru8lees of th& charty you are respOn￿b￿ for preparation of the accounts in accordance wllh Il* requirernents of the
ch8n1￿$ Act 2011 Act").
I reporl in ro$PO¢t of my examination of the charitys 8ccounl$ c4rried out und8r S&fAion 145 of the 2011 Act and in carrying Out my
e¥aminats"on I ha￿ folbwe(l aN the appllcable tlireGtions given by Ihe Charity Commlssion undar 68dion 14515llbl of the Act.
t examing
Since Ihe charily's gross income axceed&d £250.0(N) your examir*r must be a member of 8 body listed in se¢lion 145 of Ih8 2011
Act. I confiTrn Ihal l am qu81ified to undertake If* ex8minalK)n because l am a mèmber of the Ins￿"tUte of CharteTrd Aocountsnls In
Ergland and W8les, which is 0￿ of the li%ied b(xJvas.
I have completed tny examinalon. l ¢onfimi that no materbl mamers have come to my allenlivn in conneciion ￿th examination
giving me cause lo b8lwe that ￿ any m81&ri81 respect..
accOuntir￿ ¥e¢ords ￿re not k8pI In rg$pe¢t of Ihe charty 88 required by section 130 oflV* Act." or
the a¢counls do nol 8ccord Ihos6 records,. or
the account$ do not compty wlh t￿ applicable requtremenl$ tyJncerMg t￿ form 8nd tthlent of accounls $01 ou¢ In the
Charities (Accounts and RepDrtsl Regulatk)ns 2008 other than any requiTrmentthal the accounts gDie 8.lrue ond tsif v
wthich is a matter consKlered 88 part of 8n independent ex8mln8t￿n.
I ha￿ no concorns and have coffle across no Other matters in conne￿10n wlh the ex8min8llon to whith allenlion shoukl be dr8¥m in
this report kn order lo enable a propef understandiny of the accounts lo bè ￿athed.
Paul Qulnn FCA
Forand on behalf ol BK Plus Limllgd
ChaM¢r¢rt¢griifkd knuntI￿¢￿
Steding House
501 Middl8lon Road
Chadderton
Oldham
OL9 gLY

THE J L YEARSLEY FAMILY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
(includlng In¢ome and expend[￿[8 account) FOR THE YEAR ENDED 31 MARCH 2023
Unreslricted funds
nrestricted funds
2023
2022
Not•
INCOME
Donations and legacies
743,744
1,924
Investment income
32.365
20,802
Total incoming resources
776,109
22,726
EXPENDITURE
Charitsble activities
Total resources exponded
18.672
37,141
18,672
Net incomSng resourees before
other recogni$ed galns and losses
757,437
{14,415)
OTHER RECOGNISED GAINS AND LOSSES:
Gains and losses on investsnenl assets
(147,441 }
{7,4241
Nèt income and net movement
in fund8 for the year
609,996
121,8391
Recon¢iliation of fvnds
Total funds brought forward
Total funds ¢arrled forniard
1732,878
2,342,874
1,754,717
1,732,878
The statement of financial aclivits'es includes all gains and losses in the year. All Income and expendlture
derive from continuing aclivilies.
The accompanying notes a￿ an integral part of this stalemenl of financial activities.

THE J L YEARSLEY FAMILY FOUNDATION
BALANCE SHEET AS AT 31 MARCH 2023
2023
2022
Nol¢
FIXED ASSETS
Investments
Total flxed assets
2,381,219
2 381219
1,641,267
1641 267
CURRENT ASSETS
Debtors
Cash al bank and in hand
Total current assets
154,576
154,576
103,507
103,507
LIABILITIES
Amounts falling due within one year
192,921
11,896
Net current assets
138,3451
91,611
Net assets
2,342,874
1,732,878
THE FUNDS OF THE CH
Unrestricted funds
Total charity funds
2,342,874
2.342 874
1,732,878
1,732,878
These accounts were approved by the board on.( >.3
?H
and signed on 115 behalf by=
. Trustee
Mr J L Yearsl
The accompanying notes are an integral part of this balance sheet.

THE J L YEARSLEY FAMILY FOUNDATION
STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2023
Note
2023
2022
Cash u59d in operatlng actlvltle8
11
235 059
Cash flows from investlng activitles
In18rest in¢omg
12,297
6.448
Dividend income
20.068
14,354
Pur¢hase of fixed asset investments
12,274,729)
143,3021
Proceeds from fixed asset disposals
2,058,374
44,782
Cash provlded by (used In) Investlng activitles
183,990
22,282
Increasel(decreasel in cash and cash equlvalents
in the year
51,069
{2,869)
Cash and cash equivalents at the beginning of the year
103,507
106,376
Total cash and cash equivalents at the end of the year
154,576
103,507

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
UNTING POLICI
1.1 8a8
re
aratlon of accounts
The financial statements have been prepared in accordance with the Statement of Recommended
Practice.. Accounting and ReFX)rting by Charities preparing their accounts in accordance with the
Financi81 Reporting Standard applicable in the UK and the Republic of Ireland IFRS 1021 and the
Charrties Act 2011.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historic cost or transaction value unless otherwase slated in the relevant
accounting policy nolelsl.
1.2 Income reco
nltlon
All income is recognised once the charity has entillemenl to the income, il is probable that the
income will be received and the amount of income can be measured reliably.
Donations are recognised once recoived. In the event that a donation is subject lo condib'ons that
require a level of perf0rrnan￿ before the Charity is entitled to the funds, the income is deferred and
not recognised until either those conditions are fully met, or the fulfilmenl of those condition5 IS
wholly within the control of the charity and it is probable that those conditions will be fulfilled in the
reports'ng period.
In¢oming resources from tax reclaims are recognised at the same time as the gift to which they
relate.
Investment income is recognised when receivable.
Investment gains and losses includes any gain or loss on the sale of investments and any gain or
loss resulting from revaluing investments to market value al the end of the period.
1.3 Ex
nditure
nition
Liabilities are recognised as expenditure as soon as there is a legal or construclve obligation
Committing the charity to that expenditure. il is probable that settlement will be required and the
amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals
basis.
Govemance costs are those incurred in connection with the conslitulional and statutory
requirements of the charity.
Support costs include central functions and have boen allocated to acb'vity cost categories on a
basis consistent wilh the use of resources.

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
TING POLICIES CONTINUED
1.4 Inv
Investments quoted on a recognised Sto¢k Exchange are valued at market value at the year end.
Investment in sha￿$ of subsidiary company are slated at historic cost less impairment.
1.5 Shortlerm debtors an
ditors
Debtors and creditors wlh no staled interest rate and receivable or payable wrthin one year are
recorded al transaction price. Any losses arising from impairment a￿ recognlsed in the Statement
of Financial Activities as administrative ex$￿nSeS.
1.6 Cash and cash e
ulvalenls
Cash and cash equivalents comprise cash at bank and in hand.
1.7 Irrgcoverable VA
Iirecoverable VAT is Charged against the ¢alegory of resources expended for which il was incurred.
1.8 Fund ac¢ountln
Unreslricled funds comprise accumulated surpluses and deficits on general funds that are available
for use at the discretion of the trustees in furtherance of the general objectives of the charity and
that have not been designated for other purposes.
Restricted funds are funds sublecl lo reslriclions imposed by the donor or by the specific terms
of the appeal under which the funds are raised.
1.9 Assessment of
oin
concern
The trustees ￿nSider that there are no material uncertainties about the chanty's ability to continue
as a going concern and the accounts have been drawn up on the going concern basis which
assumes that the charity will continue in operation for the forseeable future.

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ¢ontlnu8d
2023
2022
21 In¢om• from dona
and le
cl•s
Donation of shares in sub$Kli8ry cornpany (see not8 81
Donations from subsidiary cornp8ny
671.038
72.706
743.744
1.924
1,924
2023
2022
vèstm
Interest rè¢gived
Dividends
12,297
20,068
32,365
6,448
14,354
20.802
har
lea
Iv
Don8110th6
13o¥ernanc•
2023
2022
Tot
T4)1&1
Costs dir8¢Uy allocated to aotwits'8S'.
Donatkjn
25.033
Support Costs..
Stod(brokers fees
Legal fees
Bank chaiges
Independent examiners fees.. examinati￿ ol accounts
9,888
78
9,8e8
78
11,040
78
2,100
12,(66
2,100
12.c￿6
12,108
Tothl R•soufeO8 Expended
e,e(
51 Galns and I
Inv•8
888
2023
2022
Profivoossl on sale of investrnents
Profitlllossl results.ng from revalUat￿n to m8rket value
233,050
380,491
147.441
4.000
11.424
7,424
61
Ixèd a88
Inv•stmgnl6
Llstsdon
Shwo$ In
kllary
Stock Ex¢hangfr
Yotal
orv
At 1 April 2022
Addfrtions
Dispo$81$
Revalu8b'on
At 31 March 2023
1,e41,267
2,274,729
11.825,3241
380,491
1,710,181
1,641,287
2.945,767
11,825,324>
380,491
2,381,219
671.038
671038
10

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 contlnuod
2023
2022
Glft aid
2023
2022
8) Cash at
Inh
Cash at bank
103,507
2023
2022
one
Amounts owed to subsidiary company
Other creditors
AcGruals
190,821
900
10,000
996
2,100
192.921
101 Relatod
transac
At 31 March 2023 there was an amount of £190,821 {2022'. £9001 outstanding to Belfield Hall Developments Ltd.,
a subsidiary company in which the Iruslees of the charity are directors. During the year donations amounting to
£72,70612022.' nil) were re￿iVed from Belfield Hall Developments Ltd. Also during the year, donation5 amounting
to a total of £671,03812022'. nil} were received from family members of the trustees.
2023
2022
concilia
erdtin
ofnfrtm
Ivities
nt in fund
net ca
Net movement in ftrnds
Add back Iprofilllloss on disposal of investments
Add back Iprofrtllloss on ￿valUation of investments
Deduct interest Income shown in investing activiti'es
Deduct dividend income shown in investing actlvilie5
Deduct fixed asset Investment addltion received as a donation
In¢￿aSe1{decre8Se) in creditors
609,996
{21.8391
1233,0501
{4.000)
380,491
11.424
112,2971
16,4481
120,068) 114,3541
1671,038)
181.025
235,059
10,066
25,151