2024-03-31-accounts

The Big Yellow Foundation Annual Report and Financial Statements For the year ended 31 March 2024

Registered charity number 1171232

The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Contents	page
Administrative information	1
Trustees’ annual report	2
Statement of trustees’ responsibilities in respect of the Trustees’ Report
and the financial statements	9
Independent examiner’s report	10
Statement of financial activities	11
Balance sheet	12
Notes	13

Financial highlights for the year: - £305,178 income during the year with £12,716 from Gift Aid - Total grants paid to 7 charities: £255,700

The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Administrative Information

Charity name and number

The Big Yellow Foundation: registered charity number 1171232 Correspondence address: 1-2 The Deans, Bridge Road, Bagshot, Surrey GU19 5AT

Trustees

James Gibson (Chair) Anthony Chenery Cheryl Hathaway Jess Pallot-Cook

Advisory council

The Big Yellow Steering Committee – comprised of up to ten Big Yellow Group Plc employees. Chaired by Charlotte Redhead (Resigned 3[rd] September 2024). Sabina Patel-Jhanji was appointed on 4[th] September 2024 to Chair the Steering Committee.

Administrator

Tom Wilcockson – Head of Partnerships (Resigned 31[st] March 2024) Sabina Patel-Jhanji – Head of Partnerships (Appointed 9[th] July 2024)

Professional advisors

Solicitors	Lucy Rhodes (Associate), Charity & Social
	Enterprise Department
	Bates Wells Braithwaite
	10Queen Street Place,London EC4R 1BE
Bank	Lloyds Bank
	28 Threadneedle Street,London EC2R 8AU
Independent examiner	Stacy Mason FCCA
	HGA Accountants & Financial Accountants Ltd
	t/a Chittenden Horley- Chartered Accountants
	Hyde Park House, Cartwright Street
	Hyde, SK14 4EH

1

The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Trustees’ annual report

The Trustees present their report together with the financial statements of the charity for the year ended 31st March 2024. The financial statements of the charity have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019), referred to as the Charities SORP (FRS 102) (second edition – October 2019).

The reference and administrative information on page 2 form part of the Trustees’ Report.

1. Structure, governance and management

The Big Yellow Foundation (‘the Foundation’) is a charitable incorporated organisation (‘CIO’), with a constitution dated 28th October 2016 and is a registered charity, number 1171232.

Big Yellow Group Plc has continued to provide in-kind donations to help with the general running of its day-to-day activities. The Foundation has settled audit fees and bank charges directly.

The power of appointing new or additional Trustees is vested in the Trustees. Trustees appointed by the Big Yellow Foundation shall always be in the majority. There must be at least three Foundation Trustees - there is no maximum number of Foundation Trustees. Trustees shall serve in office for three-year terms. A Trustee who has served for three consecutive terms of three years may not be reappointed for a fourth consecutive term. All four Trustees are currently in their third term.

Trustees are empowered to apply the income of the Foundation in accordance with the Foundation’s objectives and the recommendations of the Advisory Council (The Steering Committee). Both the Board of Trustees and the Steering Committee meet quarterly (separately) to deal with matters arising and formally approve grants.

The Foundation has no employees but uses the services of a number of Big Yellow employees to manage day-to-day arrangements, such as managing meetings and financial reporting. The Foundation’s accounts show these services as ‘in kind’ donations. The Foundation is not required to pay Big Yellow Group Plc for these services.

Trustees, members of the Advisory Council and the Administrator will strive to avoid any conflict of interest between the interests of the Foundation on the one hand, and personal, professional, and business interests on the other. This includes avoiding actual conflicts of interest as well as the perception of conflicts of interest. These conflicts of interests must be declared and documented.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Trustees’ annual report (continued)

2. Objectives and activities for the public benefit

When reviewing the Foundation’s aims and objectives and setting the grant making policy for the year and in planning future activities, the Trustees have had to regard the Charity Commission’s guidance concerning the Charities Act 2011 requirement relating to the public benefit requirement. The objectives of the Foundation are set out below and are geographically restricted to England, Scotland and Wales. The overall intention of the Foundation is to formalise and extend charitable activities associated with Big Yellow Group, through providing a charitable structure and a clear basis of support from Big Yellow Group, including through matched funding.

The Foundation seeks to make grants and offer work placements within Big Yellow stores in order to support charity partners who rehabilitate and relieve unemployment for the public benefit.

During the year ending 31 March 2024 the Foundation supported seven charity partners:

• The Down’s Syndrome Association Registered Charity number 1061474

• The Back Up Trust Registered Charity numbers 1072216 & SC0405577

• Breaking Barriers Registered Charity number 1161901

• St Giles Trust Registered Charity number 801355

• Street League Registered Charity number 1101313 & SC038884

• Working Chance Charity number 1131802

• Supporting Wounded Veterans Ltd Charity number 1149727

One of our aims when setting up the Big Yellow Foundation was both to develop a strong level of engagement with our charity partners and to review our partnerships after five years. During the year ended March 2024, we were delighted to announce a new Foundation charity partner, Supporting Wounded Veterans, Registered Charity number 1149727. They provide a comprehensive pathway of proven programmes including sporting events, mentoring, pain management and employment to enable UK ex-servicemen and women physically or mentally wounded to move forward, from rehabilitation to employment.

The Foundation does not accept applications for grants from charities other than its charity partners.

Unrestricted grants are paid to the Foundation’s charity partners and can be used for any purpose the charity partner determines to ensure the running of the organisation.

The Foundation has also chosen to invite its charity partners to apply for targeted funds, which The Back Up Trust and Breaking Barriers took up during the year. A targeted fund may only be used for the purpose the charity partner declared when applying for it. The charity partner is asked to evidence how the funds provided achieved the expected outcome.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Trustees’ annual report (continued)

2. Objectives and activities for the public benefit (continued)

• The Back Up Trust: The Foundation paid £10,700 to cover the costs of hosting their Careers Fair for people with a spinal cord injury. This Careers Fair helps people with spinal cord injuries to overcome some of the barriers they face getting back into work.

• The Back Up Trust: The Foundation paid £10,700 to expand Back Up’s Education Inclusion service, supporting the education of vulnerable children and young people with a spinal cord injury.

• Breaking Barriers: The Foundation paid £25,000 to support Breaking Barriers and to address a crucial gap in funding for their direct Employment programme services in London 2024.

By partnering with the seven charities our grants help towards:

1. Supporting offenders and ex-offenders to rehabilitate.

2. Supporting refugees to rebuild their lives.

3. Supporting service leavers and veterans make a transition into civilian life.

4. Supporting those with a long-term disability.

5. Supporting individuals from disadvantaged backgrounds into work.

3. Achievements and performance

The Financial Year ending 31 March 2024 was the Foundation’s sixth full year. The Foundation continued to grow raising £305,178. Grants totalling £255,700 were awarded to our charity partners, a 33% increase from the prior year amount of £192,500.

As the amount available for distribution continued to grow, the Foundation’s Trustees encouraged our charity partners to apply for Targeted Grants. These increased in 2023/24 though not to the level anticipated.

General grants paid General grant to new charity partner Supporting Wounded Veterans Targeted grants paid Totals	2022/23 2023/24 £150,000 £180,000 £30,000 £42,500 £45,700
	£192,500 £255,700

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Trustees’ annual report (continued)

3. Achievements and performance (continued)

The Trustees increased quarterly payments to £7,500 per charity partner effective 1 April 2023 which was maintained and has increased the annual general grants to a total of £210,000 annually across our seven charity partners.

The Foundation was able to cover its own expenses with regards to auditing fees, bank charges etc. The Big Yellow Group continued to provide donations in kind.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Trustees’ annual report (continued)

4. Financial Review

The Foundation’s income and therefore the grants it is able to pay is reliant on the Big Yellow Group. The Big Yellow Group Plc accounts are publicly available from Companies House, Crown Way, Maindy, Cardiff CF14 3UZ. The two main sources of income are customer donations and Big Yellow donations. Customer donations are received from customers during the move in and move out process from our stores. Big Yellow donations primarily consist of £1 paid by Big Yellow Group PLC into the Foundation each time a customer moves into any store within the Group. If the amount from Big Yellow’s move in donations are lower than customer donations, Big Yellow will pay a top up to the foundation to ensure the amount donated from Big Yellow is equal to the customer donations. We can confirm that from the start of the Foundation up until March 2024, Big Yellow donations are equal to customer donations.

Employee fundraising donations also contribute to the Big Yellow Foundation. These amounts are matched by the Big Yellow Group (up to £5,000 per event).

Total donations for the year can be found in note 2 and note 3 of the accounts.

During the year, the Trustees received quarterly updates on donation performance from Big Yellow Group Plc. Despite the impact of the cost-of- living crisis and interest rate increases on consumers, the customer donation conversion rate was maintained whilst the average amounts donated by customers increased. This was a result of our store teams becoming more engaged with our Foundation and therefore more confident when asking for donations.

Our Work Placement Programme was launched in July 2021 to give individuals with disabilities or who are excluded from mainstream work for other reasons the opportunity to obtain work experience. These individuals are often highly motivated and want to work, but face barriers that most of us do not. All our work placements are paid roles.

These work experience placements allow an individual to work in a supported, structured format that allows them to develop their work-base skills and hopefully leads to the kind of employment that meets their needs. Big Yellow are working with a selection of our Foundation charity partners to actively make work placements happen. We currently work with the Down's Syndrome Association, Street League, The Back Up Trust and Breaking Barriers to offer their clients work placements.

In the twelve months to 31[st ] March 2024, nine work placements either started or continued in our stores and in our Maidenhead warehouse. In total, 145 weeks of paid work placements were provided.

Big Yellow also provide opportunities for employees to support one of the Big Yellow Foundation Charities. This is through paid time off to volunteer to support its beneficiaries and through matching the contributions raised by an employee / team of employees at a locally or nationally organised fundraising event.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Trustees’ annual report (continued)

5. Reserves policy

General Principle: The Big Yellow Foundation intends to pass on as much of the funds raised as possible and intends to hold up to six months projected annual forecast donations as reserves.

The intention is for charity partners to be funded from income growth, however, holding reserves provides the Big Yellow Foundation with a certain amount of flexibility in that respect.

The aim of the reserves is to:

• Smooth out grant giving spikes for its charity partners – particularly given the economic uncertainty and / or;

• Provide grants to new charity partners where the board agrees to set aside the principle of funding new charities from growth and/ or;

• Provide targeted grants to existing charity partners to support individual, specific projects or pieces of work and/ or;

• Provide a contingency in the case of unplanned events, e.g. an unexpected dip in the income of the Foundation.

Due to ongoing economic uncertainty, the Trustees feel maintaining higher reserves is prudent and reflects the long-term interest we have in our charity partners. The Trustees have confirmed that a reserve of circa £110,000 is appropriate and will look to distribute available cash funds it holds above that amount. To this end all our charity partners have been reminded that the Foundation Trustees welcome targeted grant requests, particularly those linked to employment.

6. Plans for the future

The Foundation continued to successfully raise funds from customer donations at all Big Yellow and Armadillo stores during the year. A number of stores have been particularly successful, achieving a conversion rate of up to 65%. We will continue to encourage store teams to improve on their conversion performance, showcasing and celebrating success through our internal communications.

We are also focussing on trying to increase Foundation income further by increasing the number of Gift Aid contributions made from our customers.

Our plans are to continue offering work placements to our Foundation charity partners and to work with them to develop further volunteering opportunities for our staff. We also hope to see Big Yellow and Armadillo employees reprising their fundraising activities for the Foundation.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

7. Risk Management

The Trustees annually review the risks the Foundation faces, which mainly relate to the continued strong performance of Big Yellow Group Plc and its customers’ willingness to donate. Regular meetings are held with the Trustees and management accounts are produced monthly to review performance against the budgets.

It is worth noting that the Big Yellow Foundation has very low fixed costs; it does not employ staff and the grants it makes to its charity partners are not ‘guaranteed’.

The crisis caused by the Covid Pandemic demonstrated that the Trustees have been prudent in ensuring reserves are in place to smooth out spikes and troughs in our income to allow the Foundation to keep paying regular grants to its charity partners.

8. Independent Examination

The Trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011) as the gross income did not exceed £500,000 and is unlikely to do so in the foreseeable future. The Trustees have elected to have an independent examination of the accounts rather than an audit and this is carried out by Chittenden Horley Limited.

The Trustees who held office at the date of approval of this Trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the independent examiner is unaware; and each Trustee has taken all the steps that he or she ought to have taken as a Trustee to make him/herself aware of any relevant information and to establish that the Charity’s independent examiner is aware of that information.

The report was approved by the Trustees on 4[th] November 2024 and signed on their behalf by:

James Gibson

Trustee

The Big Yellow Foundation website - https://corporate.bigyellow.co.uk/big - - yellow foundation/foundation history Find out more about our charity’s history.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Statement of trustees’ responsibilities in respect of the Trustees’ Report and the financial statements

Under the deed of trust and rules of the charity and charity law, the trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.

The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the net movement of funds for that year.

In preparing these financial statements, generally accepted accounting practice entails that the trustees:

• select suitable accounting policies and then apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards and Statements of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements;

• state whether the financial statements comply with the deed of trust and rules, subject to any material departures disclosed as explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are required to act in accordance with the trust deed and the rules of the charity, within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the charity at that time, and enable the trustees to ensure that, where any statements of accounts are prepared by them under section 132 of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. They have general responsibility for taking steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Independent Examiner's Report to the Trustees of The Big Yellow Foundation

I report to the charity trustees on my examination of the accounts of the charity for the year ended March 31 2024 which are set out on pages 11 to 19.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stacy Mason FCCA

HGA Accountants & Financial Consultants Ltd t/a Chittenden Horley - Chartered Accountants

Hyde Park House, Cartwright Street Hyde SK14 4EH Date: 04/11/2024

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Statement of Financial Activities

	Notes	Unrestricted Funds	Restricted Funds	31 March 2024	31 March 2023
				£	£
Incoming resources
Donations	2	270,853	-	270,853	209,536
Other tradingincome	3	34,325	-	34,325	34,458
Total Income Resources		305,178	-	305,178	243,994
Resources expended
Fundraising costs	4	6,429	-	6,429	6,205
Charitable expenditure	5	262,128	-	262,128	198,705
Total Expenditure		268,557	-	268,557	204,910
Net movement in funds	9	36,621	-	36,621	39,084
Reconciliation of Funds
Total funds brought forward		217,366	-	217,366	178,282
Total funds carried forward		253,987	-	253,987	217,366

The accompanying notes on page 13 to 19 form part of these accounts.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Balance Sheet

	Note	31 March 2024	31 March 2023
		£	£
Current assets
Debtors	7	60,104	64,412
Cash at Bank and in Hand		194,603	153,594
		254,707	218,006
Current liabilities
Creditors fallingdue within oneyear	8	(720)	(640)
		(720)	(640)
Net Assets		253,987	217,366
The funds of the charity
Restricted income funds	9	-	-
Unrestricted income funds	9	253,987	217,366
Total charity funds		253,987	217,366

Approved by the trustees on 4[th] November 2024 and signed on their behalf by:

James Gibson Trustee

The accompanying notes on page 13 to 19 form part of these accounts.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Notes to the accounts

1) Accounting policies

The following accounting policies have been applied consistently in dealing with items which are material in relation to the charity’s financial statements.

Basis of preparation and assessment of going concern

The accounts (financial statements) have been prepared in accordance with 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 Republic of Ireland (FRS102) effective January 1 2019 (second edition – October 2019); FRS102, and the Charities Act 2011 and applicable regulations. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on July 16 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The trust constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely granted to a specific charity.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Notes to the accounts

• 1) Accounting policies (continued)

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. Expenditure is classified under the following activity headings:

Costs of raising funds: including those associated with fundraising activities. Charitable activities: costs of undertaking the work of the charity.

Grants payable are payments made to third parties in the furtherance of the charitable objects of the Foundation. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty as to the timing of the grant or the amount of grant payable.

Estimates and judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Trade and other debtors are recognised at the settlement amount due and prepayments are valued at the amount prepaid.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Notes to the accounts

2) Donations

2) Donations
	2024					2023
	Unrestricted Restricted		Total
	£ £		£			£
Donations:
Customer Donations	129,370 -		129,370			99,098
BigYellow Donations	129,370 -		129,370			98,678
	258,740		258,740			197,776
In kind support:
Staff costs	12,113 -		12,113			11,760
	12,113 -		12,113			11,760
	270,853 -		270,853			209,536
3) Other trading income
		2024				2023
	Unrestricted	Restricted	Total
	£	£	£			£
Employee Fundraising activities	4,857		4,857			11,638
Matched Fundraising Donations	4,366		4,366			12,051
Other fundraising	12,386		12,386			1,818
Gift Aid	12,716		12,716			8,951
	34,325		34,325			34,458

4) Fundraising costs

	2024		2023
	£		£
Support costs	6,429		6,205
	6,429		6,205

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Notes to the accounts

5) Charitable expenditure

	Unrestricted Restricted Total 2024	Unrestricted Restricted Total 2024		2023
	£ £ £			£
Grants
Down’s Syndrome Association	30,000 - 30,000			27,500
The Back Up Trust	50,700 - 50,700			27,500
Breaking Barriers	55,000 - 55,000			40,000
Hire A Hero	- - -			20,000
St Giles’ Trust	30,000 - 30,000			27,500
Bounce Back	- - -			20,000
Street League	30,000 - 30,000			20,000
Working Chance	30,000 - 30,000			10,000
Supporting Wounded Veterans	30,000 - 30,000			-
	255,700 - 255,700			192,500
	Unrestricted Restricted 2024			2023
	£ £ £			£
Support costs	6,428	- 6,428		6,205
	6,428	- 6,428		6,205
Total	262,128	- 262,128		198,705
6) Support Costs
		2024		2023
		£		£
Support costs comprise:
Fee for independent examination		720		628
Staff costs		12,113		11,760
Bank charges		24		22
		12,857		12,410
Allocated to:
Fundraising costs		6,429		6,205
Charitable expenditure		6,428		6,205
		12,857		12,410

Allocated on the basis of trustees estimate on use of resources.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Notes to the accounts

7) Debtors

	2024	2023
	£	£
.Big Yellow Self Storage Company Limited - see note 12	58,914	63,447
Other	1,190	965
	60,104	64,412

Amounts owed from Big Yellow Group plc have no interest element and are receivable on demand.

8) Creditors falling due within one year

8) Creditors falling due within one year
	2024	2023
	£	£
Accruals	720	640
	720	640
9) Statement of funds Unrestricted funds
		2024
		£
At 1stApril 2023		217,366
Net income		305,178
Grantspayable		(268,557)
At 31 March 2024		253,987

Unrestricted funds comprise of those funds which the trustees are free to use in accordance with the charitable objectives.

Restricted funds

	Restricted funds
			2024
			£
	At 1stApril 2023		-
	Net income		-
	Grantspayable		-
	At 31 March 2024		-

Restricted funds are donations which the donor has specified are to be solely granted to a specific charity.

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Notes to the accounts

10) Grant commitments

There were no other grant commitments at the year end, other than provided for in creditors (note 8).

11) Corporation Taxation

The charity is exempt from tax on income and gains under Income Tax Act 2007 and Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

12) Related party transactions and trustees’ expenses and remuneration

The trustees and members of the advisory council all give freely of their time and expertise without any form of remuneration or other benefit in cash or kind. No expenses were paid to the trustees in the year.

J Gibson chair of the Trustees is a shareholder of Big Yellow Plc and director of its trading subsidiaries. He has not benefited either in the charity or in Big Yellow Group Plc from any transactions or arrangements between the Charity and Big Yellow Group Plc and its trading subsidiaries.

The registered address for all of the below companies is 1-2 The Deans, Bridge Road, Bagshot, Surrey, GU19 5AT.

The Charity has related party transactions with Big Yellow Group Plc and its related companies. All donations are collected through Big Yellow Stores and Armadillo Stores. Support in kind was provided by .Big Yellow Self Storage Company Limited.

The related party transactions below are the customer donations from the various stores across the subsidiaries of Big Yellow Group Plc. .Big Yellow Self Storage Company Limited transactions also include Big Yellow’s £1 move in donations, top ups, matched fundraising and non-matched fundraising paid from Big Yellow to the Foundation. The balances are paid across to the Foundation each quarter.

2024 Amount of transaction		Balance Details of transactions
£		£
.Big Yellow Self Storage Company Limited 12,113		58,914 Support in kind Move in donations Move in donations Move in donations Move in donations Move in donations Move in donations Move in donations Move in donations - - - - - - - - 58,914
.Big Yellow Self Storage Company Limited 188,231
Big Yellow Self Storage A Limited 24,037
Big Yellow Self Storage M Limited 19,923
Big Yellow Limited Partnership 17,331
Armadillo Self Storage Limited 12,471
Apollo Self Storage Limited 940
Big Yellow Battersea 780
Armadillo Self Storage 2 Limited 5,065

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The Big Yellow Foundation Annual Report and Financial Statements 31 March 2024

Notes to the accounts

2023	Amount of transaction			Details of transactions
			Balance
	£		£
.Big Yellow Self Storage Company Limited	11,760		-	Support in kind
.Big Yellow Self Storage Company Limited	80,839		38,355	Donations Move in donations Move in donations Move in donations Move in donations Move in donations Move in donations Move in donations
Big Yellow Self Storage A Limited	(23,349)		-
Big Yellow Self Storage M Limited	(24,489)		-
Big Yellow Limited Partnership	(20,312)		-
Armadillo Self Storage Limited	14,003		18,476
Apollo Self Storage Limited	662		768
Quickstore Storage Limited	(1,126)		-
Armadillo Self Storage 2 Limited	3,405		5,848 63,447

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