CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110912023 Period start date To 3110712024 Period end date Charity name: Yotl Charitable Foundation Charity registration number: 1173949 Objectives and Activities SORP referen Para 1.17 Summary of the purposes of the charity as set out in its goveming document TO FURTHER SUCH PURPOSESTHAT ARE EXCLUSIVELY CHARITABLE UNDER THE IAWS OF ENGLAND AND WALES AS THE DIRECTORS SHALL FROM TIME TO TIME DETERMINE The foundation provides grants to charities. Initially this was in two focus areas of people without registered identities and online safety. Increasingly this focus is broadening to include supporting charities who provide young social innovators globally with seed funding, expertise and connertions to build out solutions to challenges they encounter in their communities. The trustees have reviewed the guidance from the Charity Commission on public benefit and used it in guiding the activities of the Foundation. Summary of the main activities in relation to those purposes for the public benefft, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19 Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 Additional information (optional) You ma choose to include fvrther statements where relevant about: SORP reference Policy on grant making Para 1.38 Policy on social investment including program related investment Pafa 1.38 Contribution made by volunteers Para 1.38
Other Achievements and Perforniance SORP relerence As a grant making foundation Yoti Foundation achieves its impact through the funding of other charities who have identified through their own programme of work the clear positive benefits they are having on their beneficiaries and wider society. Summary ofthe main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 In this period Yoti Foundations was thrilled to announce RIVET as one of its first partners and provided two grants of £50,000 each. RIVET is a hugely ambitious non profit organisation that funds and amplifies social change projects led by young people all over the world. RIVET brings together young people. NGOS and influencers to finance projects that tackle everything from food insecurity in rural areas to systemic gender bias in their communities. To date, RIVET has funded over 1,000 projects in 66 countries, impacting over 260,000 people. Additional infomiation (optional) You ma choose to include further statements where relevant about: Achievements against objectives set Para 1.41 Perfomiance of fundraising activities against objectives set Para 1.41
Investment performance against objectives Pafa 1.41 Other Financial Review Review of the charity's financial position at the end of the eriod Statement explaining the policy for holding reserves stating why they are held Para 1.21 Two gifts of £50,000 each from Yoti Ltd to Yoti Foundation have enabled two equivalent rants to be made to RIVET. As a grant-making foundation Yoti Foundation does not have an explicit reserves policy. It has no endowment but closely monitors its operational and grant-making commitments to ensure its own funds can cover ex enditure. nla nla Para 1.22 Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any UnrtaIntieS about the charity continuing as a going concem Para 1.22 Para 1.22 Para 1.24 nla Para 1.23 nla Additional inforniation (optional) You ma choose to include further statements where relevant about". Yoti Ltd has made a commitment to gift 10/0 revenue and 2.50/0 profit to Yoti Charitable Foundation The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objedives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.48 Other
Structure, Governance and Management Description of charity's trusts: Type of governing document tnist deed. roval cliailer) How is the charity constituted? (e g uniiicorporated association. CIO) Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Articles of Association Para 1.25 Company Limited by Guarantee Para 1.25 Appointed by existing Directors by Ordinary Resolution. If a vacancy arises due to the ceasing to hold office of a Director appointed by Yoti Ltd then Yoti Ltd shall have the power to nominate a replacement Director to the intent that at any one time there shall be two Directors nominated b Yoti Ltd Additional inforniation (optional) You ma choose to include further statements where relevant about= Policies and prOdureS adopted for the induction and training of trustees Para 1.51 To ensure Yoti Charitable Foundation is up to date with current organisational and governance best practice it collaborates closely and co-funds with a number of other trusts and foundations. The charity's organisational structure and any wider network wtth which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Chari name Other name the chari uses Re istered chari number Charity's principal address Yoti Charitable Foundation 1173949 'h Yoti Ltd, 6th Floor Bankside House, 107 Leadenhall St, London EC3A 4AF
Names of the charity trustees who manage the charity Name of pernon (or Dates acted rf not body) enlvtled to for whole year appoint trustee Irf an Trustee name Office (if any) Robin Tombs Charlotte Hill Julie Dawson Directors Directors Directors 10 11 12 13 14 15 16 17 18 19 20 Co rate trustees - names of the directors at the date the re Director name Robin Tombs Charlotte Hill Julie Dawson rtwasa roved of trustees holding title to property belonging to Ihe charity Trustse name Dates acted If not for whole ear
Funds held as custodian trustees on behalf of others Description of the assets nla held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional information (optional) Names and addresses of advisers (Optional infomiation) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Full name(s) Robin John Tombs Position (eg Secretsry, Chair, etc) Trustee Date
Yoti Charitable Foundation (A company limited by guarantee) Registered Company No. 10848007 Charity Commission No. 1173949 Accounts For the year ending 31 July 2024
vitie Fo nod 1Ju YE Endlng 31 July 2024 YE Ending 31 July 2023 Notes Income Income from Donations 100.000 Total incomSng resources 100.000 Expenditure on Charitable activities Grants Made Admin Expenditure Interest Received 100.049 50 91 -52 Net Movement in Funds 52 Fund Balances blf 15,734 15.682 Fund Balances cff 15,725 15.734
Bala 31Jul 2 24 31 July 2024 31 July 2023 Notes Fixed Assets Cash at Bank 15.726 15,726 15.734 15,734 Current Assets. Creditor: amounts falling due within one year Total assets less current liabllties 15.726 15,734 Total Net Assets 15,726 15,734 Funds Represented by Unrestricted Funds 15.726 15.734 Totsl Funds 15,726 15,734 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024. The members have not required the o)mpany to obtain an audit of its finanaal statements for the year ended 31 July 2024 in accordan with Sedion 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for. (a) ensuring that the charitable company keeps a(xx)unting records that comply with Sections 386 and 387 of the Companies Act 2006: and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each finanaal year in accordan with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Cornpanies Act 2006 relating to financial statements. so far as applicable to the charitable company. These financial statements have been prepad in accordan with the provisions applicable to charitable companies subjeca to the small companies regime. The financial statements were approved by the Board of Tnjstees and authorised for issue on . and were signed on its behaff by." 25/05 114
1 Genernl Accountlng Pollcles a Reveiiue Recognitioii Revenue from donatlons Is recognlsed at the time of dorkgtion, this is con51dered lo be the tlme at whlth the company is fully enlitled to the Income. b Reslricted Income All income during the year is unrestricted, and therefore the SOFA has not been shown with separate fund accounting c Taxation Yoti Charitable Foundation is a charity for tax purposes in line with paragraph 1 of Sthedule 6 Finance Act 2010. and therefore will not pay any corporation tax d Accounting Period Yots" Charitable Foundation has a 12 motnh accounting period. running from 1 August to 31 July. 2 Charitsblè Grdnts Two charitable gfants were made during the year to RIVET, a charity based in the USA. The grants were made in USD.
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Yoti Charitable Foundation On accounts for the year ended 31$1 July 2024 Charlty no (If any) 1173949 Set out on pages I report to the Irustees on my examination of the accounts of the above charity (Ihe Trust") for the year ended 31*t July 2024. Responslbllitles 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 examinalion of the Trust's accounts carried out under section 145 of the 2011 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 I have completed my examination, I confirm that no material matters have examlnar's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept In accordance with sectlon 130 of the Charities Act. or the accounts did not accord with the accounting records., or the accounts did 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. Signed: Date: 28 May 2025 Name: Hazel Day Relevant professlonal qualification(s) or body (If any): BS¢ (Hons) FCA DChA Address: Xeinadin. Nightingale House, 46-48 East Street, Epsom. KT17 1 HQ