DR CAROL ANNI YATES FOUNDATION Registered Charity No. 1164953 Dr Carol Ann Yate5 Foundation Trustees. Annual Re riod 01.09.2024 to 31.08.2025 Re ortl Chari Name The Dr Carol Ann Yates Foundation Re Istered Chari 1164953 Number Corres ondence Address 26 Broadway Road, Evesham WRII IBG Trustees The charity trustee remained the same during the ￿rIOd of this report. Names of the cl￿ri Trustees Trustees managing the charity on the dates covered by this report: Christine Grove, Chair Andrew Auger, Vice-chair John Clifford Robert Walsh June Armstrong Names and Addresses of Advisers Solicitors= Browne Jacobson, Mowbray House. Castle Meadow Road. Nottingham. NG2 IBJ onal The financial advisors are.. Canaccord Genuity Weatth Management 88 WOOD STREET LONDON UN￿ED KINGDOM EC2V 7Q e of Governin Document The charity has its own formally adopted constitution. consistent with its status as a Charitable Incorporated Organi5ation on 25 July 2014. Instructions to set up the charity were left in the Will of an ex-student of Evesham High School, Dr Carol Ann Yates. No amendments were made to the Constitution in the year September 2024 to August 2025. How the Char is Constltuted The charity is a Charitable Incorporated Organisation DR CAROL A￿ts, YATES FOUNDATION Registered Charity No. 1164953 Summa of the Ob ctsofthecha. set ou In Its Governi Docu ent The CIO'S objects are to advance education by the establishment and subsequent administration of a fund to assist students from the Vale of Evesham attending Evesham High School {now The De Montfort School) or other Secondary School to attend University. Summa of the Maln Achievements of the Cha . durin the ear During the period of this report the Trustees revised the procedures and application pmcess for students to apply to the Trust for financial support. Bursaries are usually paid for the durdtion of the studenvs universlty course. For September 2024 the Trustees awarded a total of 5 bursaries amounting to £75LKI per annum in addition to the existing on-going commitments. Since inception of the Foundation Trust in 2017 and induding 2024 awards totslling £69.500 have been paid to 25 studgnts. The Dr Carol Ann Yates Foundation achieved the Chartty Excellen￿ Aw@rd. Poll on Reserves The charity intends to retain sufficient reserves to support students for the length of their degree course. The policy will Ipad to reserves being maintained as sufficient for three to four years committed expenditure. The Regulations require that this report is approved by the trustee5 and after approval that the report is signed and dated to show that it has been approved. At least one tnJstee's signature is required but it is good practice to have it Sl8ned by two trustees. As a matter of good practice any copy of the rO￿rt sybmstted to any regulatory authority {such as the Charity Commission) should be a signed copy. Christine Grove (Chair of Trustees) Dated.. -0*-2 Andrew Auger Trustee Dated 19 Dr Carol Ann Yates Foundation Trust Receipt5 and Payments Accounts For perfod 1st September 2024 to 31 Augurt 2025 Income & Ex Recei Dr Carol Ann Yates Foundation Trust Income Lloyds Bank Interest Other Income Canaccoid Genurty DNrdends 202312024 £'s li 17031 17046 Ex enses Pa ments Grants to Students Expenses Total Payments 22010 17300 3118 11300 2287 13587 20418 Cash SurpluslDeficltforyear 1592 Movement in Valuation for year Openingvaluation Closingvaluation D[ffe￿nce Gain in valuation 620127 625437 577565 620127 5310 Current Assets CashAt Bank Canaccord Genuty Valuation 31K132 625437 28440 620127 648567 Current Liabiliities.- 655469 648567 Re resented Balance as at 0110912024 Galn on investments Surplus/Defectt foryear C105ing balance at 3110812025 648567 5310 1592 602546 42562 3459 648567 655469 For Reference On Notes l. Value of investments after deduction of management fees 2. See separate summaryot expenses Oplnlon I have audited the financial statements of °The Dr Carol Ann Yates Foundation Trust" I'the charitable company.) forthe year ended 31 August 2025 which comprise the Statement of financial Activities. Balance Sheet. Cash Flow Statement and notes to the financial statements. including significant accounting policies. The financial reporting framework that has been applied in their preparation is 8pplicable law and United Kingdom Accounting standards. including Financial Reporting Standard 102 The Financial Reportingstandard applicable in the UK and Republic of Ireland {United Klngdom Generally Accepted Accounting Practice). In myopinlon the financial staternents: • glve a true and fairvlew of the state of the charitable company's affairs as at 31 August 2025 and of its income and expenditure. for the yearthen ended: • have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and . have been prepared in accordance with the requirements of the Companies Act 2006. ¢tr 6.￿￿ ACMA 18thApril 2026