THE J L YEARSLEY FAMILY FOUNDATION
REPORT AND UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Registered Charlly Number= 1111517
BK PLUS LIPAITED
Chartered Certified Accounlanls
Sterling House
501 Middleton Road
Chadderlon
Oldham
OL9 9LY

THE J L YEARSLEY FAMILY FOUNDATION
CONTENTS
Pa
eNo.
Trustees, Report
Indepèndént Examiners Report
Statement of Flnancial Activilias
Balanc8 Sheet
Slal8menl of Cash Flows
Notes lo the FinancSal Statements
8-11

THE J L YEARSLEY FAMILY FOUNDATION
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Tru51ees present their Annual Report together with the financial slalements of The J L Yearsley Family
Foundation for the year ended 31 March 2024.
Referen¢0 and Administrative Informatlon
Chari
number:
1111517
al Address..
Kinglhorpe
18 Bury & Ro¢hdale Old Road
Bury
Lancashire
BL9 7TZ
Trustees..
The Iruslees serving during the year wer8..
J L Yearsley
L Russell
R l Nicholson
Inde
end8nt examiner..
Dominic Huxley
BK Plus Limllod
Sterling House
501 Middleton Road
Chadderton
Oldham
OL9 9LY
Investment mana
ers..
Char185 Stanley
61h Floor. Sunlight House
Quay Slre8t
Manchesl8r
M3 3JZ
Nalwesl
36 The Rock
Bury
Lancashire
BL9 ONU
StfLlCture Gov•rnan¢e and M
ement
The charlty has been Set up as an unincorporated charilable Irusl and is govemed by ils trust deed.
A board of Iruslee3, who meet on a regular basls, administer the charity. The charivs investments
are managed by Charles Stanley.
New ITUStees are appoinled by a resolution of a meeting of the Iruslees and may be appointed at any lime,
provided that the total number of Iruslees does not exceed 4.
Th8re is no fornial training provided for trustees bul they are advised lo read literature available from the
Charity Commission and Ihey gre made aware of their gefteral duties and responsibilities 35 part of the
recrullment process and once they join the board and altend meetings.
The charity has no personnel other than Ihe Irustees and no remuneraiion rs paid.

THE J L YEARSLEY FAMILY FOUNDATION
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 contlnu8d
Rlsk Mana
ement
The trustees actively review any major risks which the charity faces on a regular basis and believe Ihal the
level of res8￿eS maintain8d, combined with an annual review of the controls over key financial systems, will
provlde sufficient resources in the event of adverse conditions. The Iruslees have also examined other
operalion81 and business risks f8ced by the charity and confirm that Ih8y hav8 established syslams lo
mitigate the most signilicant risks.
Ob
o¢tlveg and Activitles
The objectives of the charity are to provide monie5 towards local charities, sports activities and general
worlhy causes.
The charity's funds are mainly inv8sled in a portlolio ol listed securities and in shares of its subsidiary
company. The truslees intend to make regular gifts lo suilabl8 worthy causes out ol the returns on those
inveslmenls.
During the year thé charity made donations lo local and other charities amounting lo a lolal of £53,029.
In shaping our objectives for the yéar and planning our aclivilies, the trusl8es have considered Ihe Charity
Commission's guidance on public benefit. including the guidance "public bènefit.. running a charity IPB2}"
Achiavements Performance an
inanclal Revlew
Th8 chority's income during the year amounted lo a lolal of £81,816 {2023.. £776,109). consisting of
donations receSved of £50,000, interest received of £13,010 and dividends received on listed investments of
£18,806. In addition, there was a loss 01 £37,443 on Ihe sale of listed securities, and an unreali58d profil of
£255,517 on the r8valualion of investments held at the balance 3h881 dale.
The net movement in funds during the year was an increase of £236,130 (2023.. increase of £609,996) and
the total funds of the charity at the ond of th8 year, all of which are unreslricled, were £2,579,004 12023..
£2,342,874).
Reserves Pollc
The r8S8rves of the charity, which are all unrestricled. are mostly held in a porrfolio of listed secLtrilies and in
shares in its subsidiary company. The current intention is lo maintain the real capital value of those
investments over the medium lerm and incfease il through further donations received. lo enable the
obieclives of the charity lo be funded out of Ihe returns on those investmen15 for many years.
The level of feseNes at 31 March 2024 was £2,579,00412023- £2,342.874). which is considered lo bo an
acceptable levgl and is consis16nl with the reserves policy.

THE J L YEARSLEY FAMILY FOUNDATION
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 conllnued
Plans for Future Periods
11 is intended that the investment portfolio of listed securities will continue to grow and that regular
gifts to suitable worthy causes will be made out of the returns on those investments.
Trustees. Res
onsibllltles In Relation to the Flnanclal Statements
Law applicable lo charities in England and Wales requires Ihe trustees to prepare accounts for each
financial year which give a true and fair view of the charivs financial activities duf ing the year and of
Its financial position at the end of the year. In preparing those accounts, the trustees are required to.,
select suitable accounting policies and apply them consistently;
observe the methods and principles of the Charities SORP;
make judgements and èstimates that are reasonable and prudent;
prepare the accounts on the going concern basis unl8SS It is inappropriate to presume
that the charity will continue in operation,
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy the financial position of the charity and enable them to ensure Ihal the accounts comply
with the Charitles Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions
of the trust deed. They are also responsible for safeguarding the assets of Ihe charity and henGe for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
Com
Ilance with Accountln
Standards
The trustees confirm thal the financial statements comply with the current statutory requirements,
the Charities Act 2011, the provisions of the trust d8èd and the requirements of the Charities SORP
(FRS 1021.
Declaratlon
The trustees declare that they have approved the Trustees, Report above.
Signed on behalf of the Charity's Trustees
7:08 20.+...,..,...
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 Irtsslees on my examination of Ihe accounts of the charity for the year ended 31 March 2024 which comprise the
Slalemenl ol Financial Aclivilie5. the Balartce Sheet. and the related noles.
Ros onsibilltlos and basls of fe
ort
As the Iruslee5 of the charity you are rèsponsible for the prepar81ion of the accounts in accordanc8 with the requirements of Ihe
Charities Act 20111.lhe Act").
I report in fespect of my examlnalion of the charity's accounts c8rri8d out under section 145 of the 2011 Act and in carrying out my
examination I have lollowed all the appllcabl6 Difeclions giv8n by the Charity Commission undei section 145151{bl of the Act.
endenl examiner's ¥tatement
I have compleled my examlnalion. I conlifm Ihal no m8ler¢al matters have Come lo my altenlion in conn8cl#)n with the examination
giving me cause lo believe that in any malerial fospect..
accounting records were not kept in respècl of Ihe charity as rèquired by secllon 130 01 the Act; or
Ihg ocGounls do nol accord wilh thos8 records: OT
th• accounls do not comply with the applioable r8quifements concerning th8 lorm and conl8nt of accounts $01 out in the
Charllies {Accounts and Report81 Regulations 2008 olhef Ihan any requirement that the accounts give a 'lrue and fair, view
whi¢h is nol a matter Considered as part of an independgnl exominalion.
121
131
I hav8 no concerns and have come across no other matters in connaction wilh the examinalion lo which attonlic)n should be drawn in
this report In order lo enable a proper understanding of Ihe accounts lo be reached.
• /({
Domlnlc Huxley ACA
For and on bohalf of BK Plus Llmltod
Chartered Cortlfled Accountants
Slerlbng House
501 Middleton Road
Chadderton
Oklham
OL9 9LY
7 fvstrik 2D2V
Dal8 '.

THE J L YEARSLEY FAMILY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
{includSng income and expendlture account) FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted funds
Unrestricted funds
2024
2023
INCOME
Donations and legacies
50.000
743,744
Investment income
31,816
32,365
Total Incomlng resource8
81,816
776,109
EXPENDITURE
Charitable activiti8s
Total resources expended
63,760
18,672
63,760
18,672
Net Incomlng resources before
other recognlsed galns and losses
18,056
757,437
OTHER RECOGNISED GAINS AND LOSSES:
Gains and lossés on investment assets
218,074
(147,4411
Net income and net movement
In funds for the year
236,130
609,996
Reconcillatlon of funds
Total funds brought foNard
Total funds carrled forward
2,342.874
2,579,004
1,732,878
2,342,874
The statement of financial aclivities includes all gains and losses in the year. All incom8 and expenditure
derive from continuing activities.
The accompanying notes are an integral part of this statement of financial activities.

THE J L YEARSLEY FAMILY FOUNDATION
BALANCE SHEET AS AT 31 MARCH 2024
2024
2023
Note
FIXED ASSETS
Investments
Total fixed assets
2,768,494
2,768,494
2,381,219
2,381,219
CURRENT ASSETS
Debtors
Cash at bank and in hand
Total current assèts
5,819
5.819
154,576
154,576
LIABILITIES
Amounts falllng due within one year
195.309
192,921
Net current assets
(189,490)
(38,345)
Net asse18
2,579,004
2,342,874
THE FUNOS OF THE CHARITY
Unrestricted funds
Total charity funds
2,579,004
2,579.004
2,342,874
2,342,874
These accounls were approved by the board on,...........
and signed on ils behalf by..
Trustee
MrJL
rs
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 2024
Note
2024
2023
Cash used In operatlng actlvltles
11
11.372
235.059
Cash flows from Investlng actlvities
Interest income
13,010
12,297
Dividend income
18,806
20,068
Purchase of fixed asset investments
(2,028.366) (2.274,729)
Proceeds from fixed asset disposals
1.859,165
2,058,374
Cash provlded by {used In) Investlng activltles
(137,385
183,990
Increasel(decrease) in cash and cash equivalents
in th6 year
(148,757)
51,069
Cash and cash equivalents at the beginning of the year
154,576
103,507
Total cash and cash equlvalents al the end of the year
5,819
154,576

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1) ACCOUNTING POLICIES
1.1 Basis of
re
aratlon of accounts
The financial statement5 have been prepared in accordance wilh the Statement of Recommended
Practice-. Accounting and Reporting by Charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the
Charities Act 2011.
The charity meets the definition of a public b8nefit entity under FRS 102. Assets and liabilities are
initially recognised at historic cost or transaction value unless otherwise stated in the r8levant
accounting policy note(s).
1.2 Income reeo
nitlon
All income is recognised once the chaflty has entitlement to the income, it is probable that the
income will be received and the amount of income can be measured reliably.
Donations are recognised once received. In the event that a donation is subject to condltions that
raquire a level of performance before the charity is entitled to the funds, the income is deferred and
not recognised until either those conditions are fully met, or Ihe fulfilment of those conditions is
wholly within the control of the charity and it is probable that those conditions will be fulfilled in the
reporting period.
Incoming resources from tax reclaims are recognised at th8 samè time as the gift to which they
relale.
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 at the end of Ihe period.
1.3 Ex
endlture reco
nltlon
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligalion
committing the charity to that expenditure. it is probable Ihat settlement will be required and the
amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals
basis.
Governance costs are those incurred in connection with the constitutional and statutory
requirements of the charity.
Support costs include central functions and have been allocated lo activity cost categories on a
basis consistent with the use of resources.

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1) ACCOUNTING POLICIES CONTINUED
1.4 Investmenls
Investments quoted on a recognised Stock Exchange are valued at market value al the year end.
Investment in shares of subsidiafy company are staled at historic cost less impairment.
1.5 Short term debtors and credltor5
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the Statement
of Financial Activities as administrative expenses.
1.6 Cash and cash e
ulvalents
Cash and cash equivalents comprise cash at bank and in hand.
1.7 Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
1.8 Fund accountln
Unrestrictsd funds comprise accumulated surpluses and deficits on general funds that are available
for use at the discretion of the Iruslees in furtherance of the general objectives of the charity and
that have not been designated for other purposes.
Restricted funds are funds subject to restrictions imposed by the donor or by tha specific terms
of the appeal under which the funds are raised.
1.9 Assessment of oln
concern
The trustees consider that there are no material uncertainties about the charitls 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 futur8.

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 conllnuÈd
2024
2023
21 In¢om& from donations and le
acies
Donallon of shares Sn subsidtary company (see note 6)
Donatton5 from subsidiary company
671,038
72,706
743.744
50,000
50,000
2024
2023
31
vestment Income
Interest received
Dividends
13,010
18.806
31.816
12,297
20,068
32,365
4} Cost of ¢harltable activStlos
Don•llon*
Gov•rn•n
Costs
2024
2023
Total
mlldo
Total
Costs directly allocated to activllies-
Donatlons
53,029
53,029
6,606
Support Costs..
Stockbrokers fees
Legal lees
Bank charg88
Independent examiners lees.. examination of 8ccount5
8.301
8.301
9,888
78
30
2,400
10,731
30
2,400
10,731
2,100
12,OS6
Total Resourees Exp8nded
53,029
10,731
63,760
18.672
and1089os on Investmont assetg
2024
2023
ProfiV{lossl on sale of inve51menls
ProfiV{lossl resulting from revaluation lo mafket value
137,4431
255,517
218,074
233,050
380,491
147,441
61 Flxed a580t Investments
Llst•d on
recogni5ed
Slock Exehing•
Shares In
subsldtary
Totol
Cost or valuation
Al 1 April 2023
Additions
Disposals
Revaluation
A131 March 2024
1.710,181
2,028.366
(1.896.608)
255.517
2,097.456
671,038
2,381,219
2.028,366
{1,896,608)
255,517
2,768,494
671,038
10

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 ¢ont4nued
2024
2023
71 Dèbtors
Gift aid
2024
2023
8) Cash at bank and In hand
Cash at bank
5.819
154,576
2024
2023
91 Creditors fallln
due withln one
oar
Amounts owed lo sub8idiary company
Accruals
192.90g
2,400
195,309
190,821
2,100
192,921
10} R#lat4d
transOCtion$
Al 31 March 2024 there was an Amount of £192,90912023'. £190,8?.11 outstanding to Belfield Hall Developmen15 Ltd.,
a subsidiary company in which the Iruslees of tha charity are directors. During the year donallons amounting lo
£50.00012023.. £72,706) were received from Belfield Hall Developments Ltd. Also during the year, donations amounting
lo a lotal of £NII (2023. £671,038) were received from famity members of the Ifuslees.
2024
2023
111 Reconclllatlon of net m
eratln
actlvltles
vement In fund$ to net cash flow Irom
Nel movement in funds
Add back Iprofllllloss on dispos81 of Inveslmenl3
Add back Iprofitllloss on revaluation of inveslmenls
Deduct interest income shown in investing aclivilies
Deduct divid8nd income shown in investing aclivilies
Dedu¢l fixed asset investment addition receiv8d as a donalton
Incre8selldecreasel In Gfedilors
236,130 609,996
37,443 1233,0501
(255,517)
380,491
113,010) 112,2971
118,806) 120,068}
1671,0381
181,025
235,059
2,388
11,372
11