Charity reglstration number 1111517 (England and Wales)
THE J L YEARSLEY FAMILY FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

J L YEARSLEY FAMILY FOUNDATION
LEGALAND ADMINISTRATIVE INFORMATION
Trusteès
Mr J L Yearsley
Mrs L Russell
Mrs R l Nicholson
Inv•stment managers
Charles Stanley
Charity numb6r (England and Wales)
1111517
Rgglstered office
Kinglhorpe
18 Bury & Rochdale Old Road
Bury
England
BL9 7TZ
Independent examiner
Dominic Huxley
BK Plus Limited
Sterling House
501 Middleton Road
Chadderton
Oldham
OL9 9LY

THE J L YEARSLEY FAMILY FOUNDATION
CONTENTS
Page
Tru51ees' report
Independenl examinefs report
Statement of financlal a¢tivllies
statement of financial posillon
Stalemenl of cash flows
Notes to th6 financial slatemenls
7-13

THE J L YEARSLEY FAMILY FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial slalements for Ihe year ended 31 March 2025.
The financial slalements have be8n prepared in accordance with the accounting policies set out in note 1 to the
financlal statements and comply with the charity's governing document, the Charilies Act 2011, FRS 102 "The
Financial Reporting Standard applicable in Ihe UK and Republic of Ireland" and the Charities SORP 'Accounling
and Reporting by ChaTlties'. Statement of Recommended Practice applicable to charities preparing their accounts In
accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 1021"
ObJèctlves and a¢tlvlties
Tha objectives of th8 charity are lo provide monles towards local charities. sports activities and general worthy
causes.
The charit￿S funds are mainly invested in a portfolio of Ilstèd securities and in shares of ils subsidiary company. The
trusleÉs Snlend lo make regular gifts lo suitable worthy causes out of the returns on Ihose inveslmenls.
Public bonefit
The Iruslees have pald due regard to guldance issued by the Charity Commlssion in deciding whal aclivilies the
charity should undertake.
Achlovemonts and performance
Slgnlficant aclivili8S and achievemen¢s against obje¢lives
During the year the charlly made donations lo local and other charities amounting to 8 total of £18,011 12024..
£53,029).
Flnanclal rèvlew
The charity's income during the year amounted to a lolal of £49,073 (2024.. £81,816}, consisling of donations
r8ceived of £5,581. interest re¢eived of £16,627 and divid8nds received on lisled investments 01 £26,865. In
addition, there was a profil 01 £5,758 on the sale of listed securities. and an unrealised 105s of £33,613 on the
revaluation of investments held al the balance sheet dale.
The nel movement in funds during the year was a decrease of £13,808 {2024'. £236.130 increase).
Rese￿eS policy
The reserves of the charity. which are all unreslricled, are mostly held in a porlfolio of listed securities and in shares
in ils subsidiary company. The current intention is lo maintain tho real capital value of those investments over the
medium term and increase il through further donations received, to enable the objectlV8s of the charity lo be lund6d
out of the returns on those investments for many years.
The level of reserves at 31 March 2025 was £2,565,196 (2024.. £2,579.004). which is considered lo be an
acceplable level and is consistent with the reserves policy.
Structure, governance and managemènt
The charity has been sot up as an unincorporated charitable trust and is govemed by ils trust deed.
The trustees who served during the year and up lo the dale of signature of Ihe financial stalemenls were..
Mr J L Yearsley
Mrs L Russell
Mrs R l Nlcholson

THE J L YEARSLEY FAMILY FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
ReGruilment and appoinlmenl ollruslees
New trustees are appointed by a resolution of a meeling of the ITUStees and may be appointed al any time, provided
that the lolal number of trustees does not exceed 4.
There is no formal training provided for Iruslees bul Ihey ore advised to read literature available from the Charily
Commission and they are made awafe of their general dulles and responsibilities as part of the recruitment process
and once they join the board and attend moelings.
Organisalional slruGtur8
A board of Iruslees, who meel on a regular basis, adminisler the charily. The charills investments are managed by
Charlés Stanley.
The trustees, repo
was approvèd by the Board of Trustees.
Mr J L Yearsley
Trustee
20 August 2025

THE J L YEARSLEY FAMILY FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE J L YEARSLEY FAMILY FOUNDATION
I report lo thè trustees on my 8xaminalion of the financial statements of The J L Y8arsley Family Foundation {Ihe
charily) for the year ended 31 March 2025.
ResponslbllSties and basls of report
As th6 trustees of th8 charity you are responsible for the preparation of the financial statements in accordance with
the requirements ol the Charities Act 2011.
report In respect of my examination of the charity's financial statements carried out under seclion 14S of the
Charilles Act 2011. In Carrying out my examination I have followed the Direcllons given by the Charity Commission
under 5ecllon 14515)(b> of Ihe Charities Act 2011.
Independent examiner's statement
I have completed my examinatlon. I conflrm that no matters have come lo my attentlon in conneclSon wilh the
examination givin9 me cause lo believe that in any material respect..
accounting records were not k8pI in respect of th8 charity as required by secllon 130 of the Charities Act 2011.
the flnancial statements do not accord with those r8cords', or
the linancSal slal8menls do not comply with the applicable Tequirements concerning the form and ¢onlenl ol
finan¢lal statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any
quirement that the financial statements give a true and fair viéw, which is not 8 matter considered as part of
an independent examination.
I have no concerns and have come across no other mallers in connection with the examination to which attention
should be drawn in this report in order to enable a proper und6rstanding ol the financial slalemenls lo b8 reached.
Dominlc Huxley ACA
for and onbehalf of 8K Plus Limited
Slerllng House
501 Middleton Road
Chadderton
Oldham
OL9 9LY
20 August 2025

THE J L YEARSLEY FAMILY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Unrestrlctad
funds
funds
2025
2024
Notes
Income from..
Donations and legacles
Investments
5,581
43,492
50,000
31,816
Total Income
49,073
81,816
Expendlture on..
Charitable activitie3
35,026
63,760
Total expenditure
35,026
63,760
Nel gainslllosses} on investmenls
11
(27,855)
218.074
Net incomel{expendlturel and movement in funds
{13,808)
236,130
Reconclllatlon of funds:
Fund balances at 1 April 2024
2.579,004
2,342.874
Fund balances at 31 March 2025
2.565,196
2,579,004
The slalemenl of financial activities Includes all galns and losses recognlsed In the year. All income and expendllure
derlve from continulng activities.
The notes on pages 7 to 13 form part of these financial statements.

THE J L YEARSLEY FAMILY FOUNDATION
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
2025
2024
Notès
Fixed asséts
Investments
13
2.744,516
2,768,494
Current assets
Cash al bank and in hand
12.808
5.819
Credltors: amounts falllng due wlthln
one year
14
(192,128)
1195,309}
Net current Ilablllties
(179,320)
1189,490)
Total assets less current Ilabilitles
2.565,196
2,579,004
The funds of thé charlty
Unreslricled funds
15
2.565.196
2,579,004
2,565.196
2,579,004
The notes on pages 7 to 13 form part of these financlal statements.
The linancial slatemenls were approved by the trustees on 20 August 2025
MrJLYea
Trustee
ley

THE J L YEARSLEY FAMILY FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operattng activltles
Cash absorbed by operations
18
{32,626)
(11,3721
Investlng actlvltl8s
Purchase of inveslmenls
Proceeds from disposal of investments
Investment Income recelved
(392,571)
388,694
43.492
12.028,366)
1,859,165
31,816
Net eash generated froml(used Sn) investlng
activltles
39.615
1137,3851
Net cash generated from flnanclng actlvltles
Net Increaselldecrease) In cash and cash
equlvalents
6,989
(148,7571
Cash and cash equlvalents at beginning of year
5.819
154,576
Cash and cash equlvalenls at ond of year
12,808
5,819
The notes on page5 7 10 13 form part of Ihese financial slatem8nts.

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charlty Informatlon
The J L Yearsley Family Foundation is an unincorporatod charitsb18 trust governed by its trust dead.
1.1 Accounting conventSon
The flnancial slalemenls have been prepar8d in accordance with Ihe charily's governing document, the
Charities Acl 2011. FRS 102 "The Financial Reporting Slandard applicable in the UK and Republic of Ireland"
and the Charities SORP "Accounting and Reporting by Charilies.. Slalement of Recommended Practice
applicable to charities preparing Ih8ir accounls in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102}" The charity is a Public Benefit Entity as defined by
FRS 102.
The financial statements are prepared in sterling, which is the functlonal currency of the charity. Mor)elary
amounls in these financial slatemenls are rounded lo the near8sI £.
The flnancial st8temenls have been prepared under the historical Cost convention, modified lo include the
revaluallon of certain financial instruments at falr value. The principal accounlSng policies adopled are sel out
below.
1.2 Going concern
At the lime of approving the financial slatemenls, Ihe Iruslees have a reasonable expectation that the charity
has adequate resources lo continue in operalional existence for the foreseeable fulure. Thus th8 Iruslees
continue lo adopl the goin9 concern basis of accounting in preparing the financial slalemenls.
1.3 Charltable funds
Unreslricled lunds are available for use al the discretion of Ihe trustees in furlherance of their charilable
objectives.
Reslrlcled funds are subject lo specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are sèl out in the noles to the financl81 slalemenls.
Endowment funds are subject to specific conditions by donors that the capital musl be maintained by the
charity.
1.4 Incom
Income Is recognised when the charity is18gally 8ntitl8d to it afler any performance conditions have been met,
the amounts can be mèasured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. other donations are reGognised once the charity has been notified
of the donalion. unless performance conditions require deferral of Ihe amounl. Income tax recoverable in
relation lo donations received under Gifl Aid or deeds of covenant is recognised al the time of Ihe donalion.
Legacies are recognised on receipt or otherwise if the charity has begn notified of an impending dislrSbulion,
the amount is known, and receipl is exp8cled. If the amount is not known, the legacy is trealed as a
conlingenl asset.

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
IContlnued}
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obllgalion to transfer economic benefit to a
Ihlrd party, it is probable that a transfer of economic benefits will be required in seltlemenl, and Ihe amount of
the obligallon can be measured reliably.
Expenditure is classified by activity. The cosls of each activity are made up of the total of direct costs and
shared costs. including support costs Involved In undeTtaking each activity. Direct cosls allribulable lo a single
aclivity aro allocated directly lo thal activily. Shared costs which conlribul8 to more than one activily and
support costs which are not atlribulable lo a single activity are apportioned between Ihoso activities on a basls
consistent with th8 use of resources. Central staff costs are allocated on the basis of time spenl, and
depreciation charges are allocated on Iha portion of the asset's use.
1.6 Flxed a35et Investments
Investments quoted on a recognised stock exchange are measured at fair value at each r8POrting date.
Changes in falr value are recognised in nel Incomel{expèndilurel for thè year.
Inveslmenl in shar6s of subsidiary company are slated al historlc cost less impairment.
A subsidiary Is an enllty controlled by th8 charity. Control is the power to govern the financial and operaling
policies of the entity so as lo obtain benefits from ils activities.
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, d8POSits hald at call with banks, other short-larm liquid
investments wilh original malurilies of three months or less. and bank overdrafts. Bank overdrafts ar8 shown
wilhin borrowings in current liabilities.
Baslc flnanclal assets
Basic finan¢ial assets, which include debtors and cash and bank balar)ces, are initially measured al
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement conslilules a financing Iransaclion, where Ihe transaction Is
measured al Ihe present value of the future receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc flnanclal Ilabilltles
Basic financial Ilabililies, including creditors and bank loans aro initially recognised at transaction price unless
the arrangement conslitules a financing Iransaclion. where the debt inslrumenl is measured al the present
value of the future payments discounted 81 a market rale of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt inslrumenls are subsequently carried at amortised cost. using the 8ffeclive interest rale method.
Trade creditors are obligations lo pay for goods or seNices that have been acqulred in tho ordinary course of
operalions from suppliers. Amounts payable are classified as currenl liabllilies il payment is du6 within one
year or less. If not. they are PTesenled as non-current liabilities. Trade creditors are recognised inilially al
Iransaclion price and subsequently measured at amortised cost using the effectlV6 inlerest method.
Derecognltlon of Ilnancial Ilabilitles
Financial liabilllies are derecognised when the Gharity's Contractual obligations expire or are discharged or
cancelled.

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcios
Icontlnued)
1.8 Employee benefits
The cost of any unused holiday entlllement is rècognised in the period in which the employee's seNices are
rèceived.
Termination benefits are recognised ImmedSately as an expense when the charity is demonstrably commilled
to lerminale the employment of an employee or lo provide temiinalion benefits.
Critical accounting estSmates and Judgemenls
In the application of the charity's accounting policles. the trustees are required to make judgements, esllmales
and assumptions aboul the carrying 3mount of assets and Ilabilities that are not readily apparent from other
sources. The esllmales and associated assumptions are based on historical experience and olher factors that
are considered to be relevanl. Actual results may differ from these eslimatos.
The estimates and underlying assumplions are revlewed on an ongoing basis. Revisions lo accounting
estimates are Tecognised in the period in which the estimale Is revised where the revision affects only that
period. or In lh8 perlod of the revision and future periods wher8 the revislon affecls both currenl and future
periods.
Income from donatlons and lega¢le8
Unrestrlcted
funds
2025
Unre$trlcted
funds
2024
Donatlons and gills
5,581
50,000
Income from Investments
Unrestrlctèd Unrestrlcted
funds
funds
2025
2024
Income from lisled investments
Interest receivable
26.865
16,627
18,806
13.010
43.492
31,816

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable actSvltl8s
Donations
2025
Donations
2024
Direct costs
Donallons made
18,011
53,029
Share of support and governance cost5 (seè note 71
Governance
17,015
10,731
35,026
63.760
Ahalysl8 by fund
Unrestrlcted funds
35,026
63,780
Doscrlptlon of charltable actlvlties
Donallons
Making donalions to local charttles, sports acllvities and general worthy Causes.
Support cosls allocated to activities
2025
2024
Governance costs
17.015
10,731
Analysed bèlween:
Donations
17,015
10,731
2025
2024
Governanco costs comprlse:
Independent examination fees
stockbrokers fees
Bank ¢harges
2,400
14,615
2,400
8,301
30
17,015
10,731
Nat movement In funds
2025
2024
The nel movement In funds is slated after chargingl{credlting)'.
Fees payable for the independent examination of ihe charity's financial
slalemenls
2,400
2,400
10-

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
None of the trustees {or any persons connected with them) received any remuneralion or benefits from tha
charity during the year.
10 Employe65
The average monthly number of employ8es during the year was..
2025
Number
2024
Number
Total
There were no employees whose annual remuneration was more than £60,000.
11 Galns and 105ses on Investment$
Unrostrlcted Unrestrlcted
funds
funds
2025
2024
Gainsl(IossgsI arising on..
Rev81ualion of Investmenls
Sale of investments
(33,6131
5,758
255,517
{37,4431
127,8551
218,074
12 Taxatlon
The ¢harily is exempt from taxation on its activili8s because all its income is applied for charitable purposes.
13 Fixed assét Investments
Listed
Other
Inveslment$ Investments
Total
C05t or valualSon
Al 1 April 2024
Addilions
Valuation changes
Disposals
2,097,456
392.571
{33,613}
{382,936}
671.038
2,768,494
392,571
(33.6131
{382.9361
Al 31 March 2025
2,073.478
671,038
2,744,516
Carrylng amount
Al 31 March 2025
2,073.478
671,038
2,744.516
At 31 March 2024
2,097.456
671.038
2,768,494
11

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Flxed asset Investments
Icontinuedl
2025
2024
Other Investments comprise..
Notes
Investments in subsldiaries
17
671,038
671,038
14 Credltors.. amounts falllng due within one year
2025
2024
Amounts OW8d to subsidiary undertakings
Accruals and deferred income
189,728
2.400
192,909
2,400
192,128
195,309
15 Unrestrlcted funds
The unreslrlcted funds of Ihe Gharily comprise the unexpended balances of donations and grants which ar8
nol subjecl to specific con(iilions by donors and grantors as lo how Ihey may be used. These include
deslgnaled funds which have been sel aside out of unrestricl8d funds by the trustees for specific purposes.
At 1 Aprll
2024
In¢omlng
resources
Resources
Qxpended
Galns and At 31 March
losses
2025
G8neral funds
2,579.004
49.073
{35,0261
127,8551
2,565,196
Prevlous year:
At 1 April
2023
Incomlng
resources
Resources
expended
Galns and At 31 March
losses
2024
General funds
2,342,874
81,816
(63.760)
218,074
2,579,004
16 Relatod party transactions
Transactlons wlth related partles
At 31 March 2025 there was an amount of £189,728 (2024.. £192,909) oulslanding lo Belfield Hall
Developments Ltd.. a subsidiary company in which the trusteès of the charity are director5. Durin9 the year
donalions amounting lo a total of £5,581 (2024: £50,000) were rec8ived from Belfield Hall Developments Lld.
12-

THE J L YEARSLEY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Subsldlaries
These financial stateménls are separate thariiy financial sialemenls for The J L Yearsley Family Foundation.
Details of the charity's subsidiaries at 31 March 2025 are as follows..
Name of undertaking
Registergd
offlce
Nature of buslness
Class of
shares held
°/0 Held
Dlr&ct Indirect
Bellield Hall Developments EngSand
Ltd
Prop8rly investment
Ordinary
100.00
The inveslmenls in subsidiaries ar8 slated at cost.
18 Cash absorbèd by operatlons
2025
2024
(OÈficilllsurplus for the year
{13,8081
236,130
AdJustmen13 for:
Investment Income recognlsed in statement of financial activilies
{G8lnllloss on disposal of Inv85tments
Falr value gains and losses on Investments
(43,4921
15,7581
33,613
(31,816)
37,443
(255.5171
Movemonts in worklng capltal:
IDe¢reasellincrease In creditors
(3,181}
2,388
Cash absorbed by operatlons
{32.6261
(11,372)
19 Analysls of changes In net funds
The ¢harlly had no material debt during Ihe year.
13-