2025-07-31-accounts - Yoti Charitable Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110812024 Period start date To 3110712025 Perlod end data Charlty name: Yoti Charltable Foundatlon Charity registration number: 1173949 Objectives and Activities SORP rf•r•nr• Summary of the purposes of the charity as set out in its goveming document Para1.17 TOFURTHERSUCH PURPOSESTHAT ARE EXCLUSIVELYCHARITABLE UNDER THE LAWSOF ENGLANDANDWALESAS THE DIRECTORS SHALL FROM TIME TO TIME DETERMINE The foundation provides grants to charities. Initially th•s was in two focus areas of people without rry'stered identities and online safety. Increasingly these themes are more directly addressed by company activities. The foundation ha5 therefore looked to champion growing initiatives that tackle challenges around the world. It has held a series of workshops to shape a strategy that will be launched in 2026. Summary of the main activities in relation to those purposes for the public benefit, in particular, Ihe activities. projects or seprfices identified in the accounts. P*a 1.17 1.19 Statement confimiing whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit P•rn1.18 The trustees have reviewed the guidance from the Charity Commission on public benefit and used it in guiding the activities of the Foundation. Addltlonal Infomiatlon (optlonal) You ma ch¢)ose to include further statements where relevant abo.. SORP ¢efer•n¢• Pw• 1.38 Policy on grant makn'ng Para 1.38 Policy on social investment including program related investment

Contribution made by volunteers Pora 1.38 Other Achievements and Performance SORP rnJf•rtn As a grant making foundation Yoti Foundation achieves its impact through the funding of other charitie5 who have identified through their own programme of work the clear positive benefits they are having on their beneficiaries and wider society. Summary of the main achievements of the charity. identifying the difference the charity's vlork has made to the circumstances of its beneficiaries and any wder benefits to society as a thole. PIN 1.20 In this period Yoti Foundation continued to support its first partner RIVET and provided a third grant of £50,000. RIVET is a hugely ambitious non profit organisation that funds and amplifies social change projects led by young people all over the world. RIVET bring5 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 1.200 projects in 66 countries, impactin8 over 260,0¢)O people. Addltlonal Inforniatlon (optlonal) You ma choose to include further statements where relevant about.. Achievements against objectives set Parn 1.41 Perfomiance of fijndraising activities against objectives PAM 1.41

Structure, Governancè and Management Description of charity's trusls.. Type of goveming document Ilrusl deed. 10 al cliailei How is the charity constituted? {e g unincorporaled associalioii. CIO Trustee selection meih(yJs including details of any constitutional provisions e.g. election to wst or name of any person or body entitled to appoint one or more trustees Pwa125 Article5 of Association Para 1.25 C¢Jnpany Limlled by Guarantee Parn125 Appointed by existing Directors by Ordinary Resolution. If a vacancy arises due to the ceasing to IK)Id office of a Director appointed by Yoti Ltd then Yoti Lld shall have the power to nominate a replacement Director to the Intent that al any one lime there shall be fvio Directors ncyninated b Yoti Ltd Addltlonal Infomiatlon loptlonal) You ma choose to indude further statements where ffjlevant ab(Krt.' Policies and procedures adopted for the induction and training of trustees P•rn1.51 To ensure Yotl Charitable Foundation is up to date with current organisational and govemance best practice rt coltaborates dosely arKI co-funds with a number of other trusts and foundations. The charity's organisational structure and any wider netrwork with which the Charity works Para 1.51 Relationship with any related parties P•rn 1.51 Other Reference and Admini8trativo details Cha name Other name the cha uses Re istered char number Charity's principal address Yoti Charitable Foundation 1173949 % Yoti Ltd, 6th Floor Bankside House, 107 Leadenhall St, London EC3A 4AF

Investment performance against ('ectives Pwa 1.41 Financial Review Review of the charl$ financial at the P121 A gift of £50.000 from Ycrti Ltd to Yoti Fourvjalion has enabled an equrvalerrt grarrt to be made to RIVET. As a grant-makiThJ foundabon Yob. FoundatH)n does not have an explKit resepies p)Iw. ft has no endt71•ment bul dosety monitots its operat1 aTrJ grarrt.makn"ry commrtrnents to ensure its cwm furKls can cover e ndrtsjre. nla ststement ewaining the policy for holding reseNes stabng they are held Pm12Z P•22 Rea$$ for holdirvj zero Pm122 Details of fiJrKI materialty in deficit anation of any P•¥124 P¥•123 d)arity c4)rtinuing as a goir Addltlonal Informatlon (optlonal) Youm Yots. Ltd has made a commitmwrt to grtt 1% revenue and 2.5% rxofft to Yob Ctjarit The clwiVs wincapal sources of furnls (IrKsl1rwJ any fundraistng) P• 1.47 obiectsves indu(Sng any social inveslment Frt)licy Pwa 1.4$ A desyipkn of the w"ncipal Pn 1.46

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 wrthin the custodian charity's objecis Details of arrangements for safe custody and segregation of such assets from the charitys own a&ts Addttlonal Infomiatlon (optlonal) Narnes and addresses of advlsers (Optlonal Infommtlon) Type of Name Address advlser Name of chlef executlve or names of nIOr staff members {Optlonal Infonnatlon) Exemptions from disclosure rsonnel details Reason for non41isclosure of ke Other o tional inforniation

Names of the charlty trustees who manage the charlty NAM• ol p•Mon lor O•t41 ct•d11 nol body) enlllhd to lor whol• y••r •ppolnt tru¥ts•111 Tw•t•• name Offlc• (11 any) Robin Tombs Charfotte 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 r Dlr•ctor nm• Robln Tombs Charlotte Hlll Julle Dawson rtwa$a roved Name of trustees holding tFile to propety belonging to the charity Dai•s act•d 11 nol lor wholg Tru$t•• n•m•

Declaratlon8 Th• trusteoi d•clar• that th•y hav• •pprov•d th• tN•too•' rnport abov•. Slgn•d on bghalf ol th• CharIty tru•t••8 Full nam•(• Robln John Tombs Pmlllon {•g S•cr•l•ry, Chalr, etc) Truee Dat• Jl/y/?6

Tl Yotl Charitable Foundation IA company Ilmited by guarantee) Registered Cornpany No. 10848007 Charity Cornmission No. 1173949 Accounts For the year endlng 31 July 2025

For ded 31 YE Ending 31 July 2025 YE Endlng 31 July 2024 Notes Income Incnme from Donations 50,000 100.000 Total Incomlng resources 50,000 Expendlture on Charltable actlvitles Grdnts Made Admin Expenditure Interest Received 49,858 3,925 192 100.049 50 91 Not Movement In Funds 3,591 Fund Balances blf 15,726 15.734 Fund Balances CM 12,135 15.726

31 July 2025 31 July 2024 Notes Flxed Assots Cash al Bank Current Assets 12,135 12,135 15.726 15.726 Credltor. amounts falllng due wlthln one year Total aets less ¢urTent Ilablftles 12,135 15.726 Total Net A•s•ts 12,135 16.726 Funds Reprnsented by Unrestricted Funds 12,135 15.726 Total Funds 12,135 15.726 The charttable company is entrtled to exernption from audit under Section 477 of the Companiès Act 2006 for the year ended 31 July 2025. The members have not required the company lo obtain an audrt of ts financial statements for the year ended 31 July 2025 in accordance with Section 476 of Ihe Companies Act 2006. The trustees acknowledge thelr responsibilities for. (a) ensuring that the charitable company keeps accounting records that compty with Sections 386 and 387 of the Companies Acl 2006: and (b) preparing financial statements which gNe a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of rts surplus or deficrt for each financial year in accordance with the requirements ol Sections 394 and 395 and which othemise Comply with the requirements of the Companies Act 2006 relating to finanthal ststements. so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to chafitable companies subject to the small companies regime. The financial statements weie approved by the Board of Trustees and authorised for issue on . and were signed on its behaw by: ....:.........

1 General Accounting Pollcies a Revenue Recognition Revenue from donations is recognised at the time of donation. this is considered to be the time at which the company is fully entitled to the income. b Restricted Income All income during the year is unrestricted, and therefo the SOFA has not been shown with separate fund accounting c Taxation Yoti Charitsble Foundation is a charty for tax purposes in line with paragraph 1 of Schedule 6 Finance Act 2010. and therefore will not pay any corporation tax d Accounting Period Yoli Charilable Foundation has a 12 motnh accounting period, running from 1 August to 31 July. 2 Charitsble Grants One Charitable grant was made during the year to RIVET Global, a charity based in the USA. The grant was made in USD.

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 31[st] July 2025 Charity no 1173949 ended (if any) Set out on pages (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/07/2025.

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination 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 examine'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 section 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.

Date: 27/05/2026 Signed: Name: Hazel Day Relevant professional FCA DChA qualification(s) or body (if any): Address: c/o Nightingale House

Oct 2018

IER

46-48 East Street, Epsom, Surrey KT17 1HQ

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER