Llwii) rL¥i%iraiicffl Thum￿- 11759113 Pavers Charitable Foundation Ar￿Ual Rqw)rt Sr*em¢Ns ror IIK. YLW Erwkd 31 Jamw). 2024 lap thi'id Walker FCA fCCA lthft Walker & Co AcLM)iimants Box Tr¢¢ Hous¢ Nurihminsier Bu5inw Park Upper Popplilon York Y026 6QR Pavers Ch2ritable Foundatio Colltents (coDtiNucd) RLfeMir and AdminisirdliiL tk*i15 TrustL*S' RLWOrt 2106 ithithi or'ITJS￿s, R&￿￿$1b11i¢iC5 Ind¢.￿nd¢￿t F.￿￿ille￿$ Re￿rt Sial¢m￿l orrtnancial Activit￿ 9￿70 BaianE¢ Shcct Nth¢s lo ihe FinatKial SMtem￿ 1210 ?3 Pavers Cbari¢abk Foundalio Reference and Administrntive Details Trll$t¢¢S liJPav RLP￿¢T Pay S D Pal'er Charity Regi5tThti•ll Nurnber 1175983 Prinrip41 Offire Northmin￿eff Bkn$1￿$ P•k" Nonhfi¢hJ L￿ Upper Pqyleion Yot* YO26 6QU lan David Walkcr FCA FCCA lan Walker & Co )1 T¥¢¥ Flous¢ Nonhminstu BusirKss Park Upw Popp1￿0 York Y026 6QR Indtpt#deNt Emmiaer P*vers Charitsbk Fopndalion TThstees' Report 'nK IrUq￿¥ PT¢s¢nt IIK. r¢p)rt iog¢iheT ivith ¢he fin?￿JaI SW¢ywrfs of ¢haril) fot thc )¢ar ¢ndLd 31 Janoarn 2024. 1.he Irustees haie athyeil the pi>visk)ns ot. SiaemLml or tteLx>mmended Pr&'iiL* ISORPI "Accouniin8 and Repming h Charitie> in preparirbg the annLMI rewt fJTwKia] %alLyDen15 of IhL' Lharil!. linaniial s¢atctn¥nls hBI'c pr¢pa￿￿ in xcor(knrc i%ith the &rowiling policics oul in lu tlk. aiLounis and Li)mpl)' iiiih charii)'s goi'uning Chariiie> Act 2011 and ALinwMing and RL￿)rtIng b) ChariliLS.' &aiemLnl of RccomtnrndLxI Pr&licc aMpliL7bk ID ¢hariiics prcparing ihLXT aLLounis in aLLcirdthL iiiih Ik I".inanLi¥l RqM)ning &andard applscaNc in Ik UK Re￿bIll ofir¢I￿￿ puNi5h¢d in OckniK'r 2019. ven ChAritAbk Fo*thdxtio Tn￿lees. Repori (CODtiDued ObJ¢tifvtt attd •rtlvl¢l¢s Oljjerlives. SITai¢gi¢S afftltTdivifye¥ PolK*s ￿￿{)fye¢ll￿s Th¢ Clwit) 5 goY¢rniiig d￿lUDen[ itw IIK. may ma"¢ to 'ad%arKY Ihe ch¥iiablc ￿rpoSeS IrusieL% deem fit". This 8ivcs TruMLLS Cl)nsi(k'rnh]e laiiithk. 10 tsL-ide priorili Thc '[ru￿¢￿S rurMiI!' hav¢ ihr¥Y dilTU￿1 ffl¥xIM)th of m*"iiig grw115. Fir511i. Ik I.0￿￿￿l￿n SUPPLY￿ a churii everv yvdr ii'hiY¢. iTriiiaiLMI b¥. a SLleLI L￿millL￿. a r￿￿ ofchariiics arc aprx)iMcd for rK)minaiivn amonghi Palcrs ¥Jnplo>'¢¢s. In &Wilion. appli¢ations w b¢ fr(ND all Pa%¢r5 Limiid ¢mplo)'¢¢> ii'ith th¢ obj¢xli%'¥ being I promole healihcar¢ i%ell.hein& 5uproning ed￿￿11)n initiwives aThl enhanLin8 communi1% pn)jecis. finallv. Ihe TrusiLes Ih¢mSL.Ivts hai* an alhcthiim 10 disir1b￿¢ ￿ tk Ltsiiics IhL'% deem fil. In selling obj¢¢iiv¢s aNi pl￿nIng for IKllVltith Ihc "I"n51￿￿ h47K¢ gii'¢n conshjerdiion ts? gLneral 8uidanLL publish¢d b} Charii). CommiSsK￿ rdaiing io public ￿riL i￿1￿1￿8 i1￿. &uid8ncc 'Public t*nL'lil: iiMiniJ8 a ¢h¥il}' IPB21'. h, ,Ilui*i aciii'iiie.r ttNkrtokenififtsriher ik C"IkYiThSPtsry)osesfor ikpoblicbeNefii "Ihi TiustLY¥ cunfinn tlol hHv¢ ref¢Tred ￿ thc 8ui(kn corrtairsed in Ik Charii) Commission's general guidance 00 public trLmelii i%h¢n revio¥ing F￿[thI￿n,5 aims aThJ objttii%e5. in planning fiiiwe I￿1vill¢S and seiiing BrJni-makinB p)licies. 'rhe FourKlalioTr proi'id¢s furKliDg io orwi￿l￿n$ ithich ¢kry[M￿¢ chariiable purrA)sLs. I".unding p￿VI(￿￿ enables the Lxitses siipix)rtLd io pwvidL' tK**filS ID the publLL i%ithin tlM>se (wnisatK>n's spc¢ifi¢ aims and obj¢￿1¥¢* "rhi5 is consist¢nl iiiih Ik. aitn4 of th¢ troundalioTL WhLTe Ihe gratm is mth 10 a regisiered LhaTiI)' Ihe 'fTuslee5 arL' conlideni rh￿ Ihc gram trKLryJ made io a chariiaNe tw*)se io Ihe publiL benefii. Where are mad¢ io oiher organisaiions Ihe 'frusiees cortsi(kT Lyrefull). I￿ fun(t% iiill t* LtsLxI al￿ Eranis iiiih ￿7ndIt￿)n$ i eN5ure Ihal the). arr s￿t awropriately aTKI (or cluritabk purpw. AthieYemtntJ and PErf•rmanc¢ . Key perform*kte i*ditato In Ihe }'Lar 1¢) 31 JanuaTr 2024. FO￿1￿1()￿.Y it￿￿Me li.os £388.877 170?3.. £661.4741. ItKDnK' received from IIIVe51tncnis I0￿1]ed £lO.1?8 {2023: 121.2321. received fri)m Pavers 1.iThiied I￿all.d £211.302 (2023.. £220.8941 arwj th)nwions receiv¢d lor ukrai￿ iothllcd £125.355 12U23- £354.4841 fouth in 2023 Fir￿tiLla1 Year. EyrL'Nlilure for the )'ear £336.M 12023= £550.303I. This tL%ulicd in nrl inL*me ul-I5? 171 12023.. ]K'i income of £1 11.171 l. OrKe net gains ijn inve&trnenls of ffA).304 {2023.' nei k>55¢5 01" £65.1(￿} tskcn inm) accouni IhL' overall Th>Yemeni in furth a Surplus of £112.475 12023.. surplus 01. £46.0711. lThe tc>ial runds aTrailable ai ihc c￿d of thc vrar iiete £1.897.168 120?3.. £1.784.6931. There atL" Reslricled l.utKl% 01. £9.277 12023.. Difr¢ii 01- £12.718I rn]aling Ukr4in¢ Wmiliot￿l1) £198.041 12023.. £156.3411 have kn'n dLsignalcd. Pagr 3 Pavers Ch2ri¢able Fou*d*lion Tru5tees' Reporl (eODtinued) b. Review ofgctivitits In ikn, lear 10 31 Januar). 2024. thL FourwJuioD pl¢d8ed Granis iothlling £220.715 12023.. £21%.748I. Mind5 Ivas Vuied b). Pavers l.imitl￿ empkb)ets FoundaiKTrn'& charii! Ot-Ih¢ )¢ar and M"35 a￿arded £20.0(K). Wi%hing In suprM)rt 10 115 runner-up chariiies. th FO￿￿110n also pk'(Igcd £￿￿￿10n5 of £io.000 ¢￿h to Da) nnL I'raumd SuptMKL. The Children s &Ki¢lv. th¢ Irish CaKer knith) and ihe Naih)nal Autisti¢ s￿iL￿ty. Ih¢' Pai¥[ rojnil). aii'arded 8ranis ￿ Iheir chosen ehwiii¢s limalliro £38.265 12023= £65.5241 and a wmmill¢¢ ai%ard¢d granrs iothlling £122.45012023: £1￿.724) for Lh*iii¢s lih￿ h*1 Ixxn W￿l[￿ed b) Paler5 1 imiiLd LYnplts)LXS. . Investmtnt pO￿tY and perfom•Th¢t The Chariiy's Wl'Lming (k)cumeni autIm)ri￿￿ t￿. In￿e¢S kn inTresi the Fo￿datin￿'S futM15 in lh¢ 5amc uNe51riclLd manncr LS if IhLTh I4"Lrc I1￿ bLYKfKial oiiner of Ihe 7'n￿c¢s agTttd 10 Inve￿ a signi11￿1 pro￿￿10￿ of lh¥ LhaTilv's futK15 in an inv¢>lm¢nl ￿rtfOliO. Ib¢ ha%¢ a clear and agretsl ini'esimerti and objL*Il￿.¢S based on Ihc wJviiL of lis inve￿meTh rnwers. Rotthson B&ilcr. impiet[￿ that ￿raI¢g) and reFori al £v¢r%' meeting 10 Ihe Tru>lLes p¢rfumiaThc¢ rnaTkii crywj1l￿5. Considering the aims ofihL Chariiv naiurall¥ align. thri)ugh Ihis adviE¢ from ￿{)b¢rt%￿ Ba¥i¢r. Ihc 'l"w51tt5 ma) Irartslti aThl rtin1'e￿ preli￿￿ investment i'aluls into Susiainable lor'Green'} Funds as rrt for the lu[th￿￿ uf FouJJdJiion's dbariiablL acliviibLs. I'he Tn￿1¢￿¥ w'ill ¢iMuinu¢ io Mon1￿ th¢ inY¢51mcnl wbliw aThJ objeuiv¢s io ertsur¢ ihai li i&kes •x￿um oltht oi'erall obj¢ciiv¢s ofihi fourKtsiion. Ai iiK. 31 January. 2024 i￿. valu￿41￿ of1￿ inieym¢n15 Wd5 £1.580.710 whith rwe5ents a 01. £330.290 n Ihe inilial invesimcnl of £1.911.0(M). The r¢ducliun ITh i'alue of inirsirneNs is mainl) allriEMJiablc Iv 5l8nilicanl M'iilthwa15 ofcapiial 10 luThJ Ik charithle &iivilics oftlk. l.ound*1o￿ is'hich have tnadt 5inLe the Charii)'s incepiM)n. IknL fL'maindLY oftht in Portfolio 15 r¢lai¢d ￿ a Lh)ivniLwn in IhL niwkeis ai ihe date of FinanriJl &a¢m¢Ns. il 15 Inbi¢¢s' opIn￿n ihe vduai*)n will rtroi'rr in the 5horl Io rnLdiuni t¢nn. Fing4nei*l revitw Aller making kLPPTopriate t￿￿1￿pi Il ing concem b4L5iS in preEwing fina￿la1 SW¥4ti*iis. FwtlKY (knails Tegarding ihe adopiion of ihe 80in8 Co￿¢M can ￿ found ith the ac¢(KKYing W>lic￿. b. P•liey re5erye5 li is wli¢y" ofihe ¢haril)' tv minlain funds ￿ a ki'¢1 wmmcn5uraiL iliih lis obli8aiions. ThL aim is iu prt)vidL' sutTiti¢nl coi'¢r ihe adrninistMion ofihe charii) aThJ reawnd appliLaiiMs for funding atMI gr￿ts. I'￿ inieAments are held 10 gLrw*e in¢ome io Th¢ ¢harilable xiiYiiie& lIK5c arL IhcrcforL cxclutkd from ilK" cal¥wlation or rr¢¥' rc5UVC5. Th¢ free re5erYe5 of Ihe charii). as ai 31 January 2024. i%hi¢h rLTtwn15 lh¢ ¢urr¢nl ass¢ts le55 desIgn￿e￿ IvThts'. wt £148.055121J23.. £138.0521. "I'he "fnL4e¢% tonsithr Él lu ￿ prud¢nl lo h(Ild irKome re5¢rYes of ihi5 order p￿1> w th¥ I¢v¢l of grdnis in Il r(Trr5Lxable rulu￿ ian trt 5115151ain¢d in the eithi olan% unforseen lall irt inLxbm¢ ￿ partly lo ¢nabl¢ Ihe I"rusiee5 10 makL' onL' or morL' 5uhstaniiai 8tants iliilw rk)nnal Brnni makin Pave￿ Ch*rif*ble FoMAdatiOD Trustees, Report qcontiDued) - Princip41 fThThli#g s•urees I'lk. l oundaim h&s TLLxiioJ ¢kna(￿ from h¥¥Ys l.imited kltalling £211.302 (2023.. £220.8941 and fr(Im vativus of Ihe Pairrs fd. mil) i01￿71ng £1.225 {2023.. £6.8501. Ihe l.oundalion ivill LY)niinuL 10 iK' suprM)rtLd b PaiLf5 Limiicd hai¥ agr¢ed io donate 2111• ot.1￿"1r nei PFofLI exh }eaT 10 the l.ou[￿4(1￿A. I'hL I'rusiLL% a)nlIn￿ ii) maintain th¢ amowi [￿￿15 ii has available annuoll)" lor grani diyril)thv)D. Th¢ Twsl¥¢s 4111 coniinue Ic) re¥iLii Ihe F￿jnda110n's work dwing I1￿ ¢oming )e* and LM)niinuL Iu Liffer based on Ihr dL'Lisions made b) th¢ flunily memlk'Th IhL' commiiiLt aThl Ik Fotts fordwili¢5 ofihL yvar. Adjust to 2013 C•mparativt Fi8ur¢s F#*d5 forward into 20Z4 'I'h¢ compaTativ¥ figurts lor Ihc 2023 Year the FwM15 brouBht f0rn%7nl into IK. 2024 Financial Ylar hai'c been Aju51¥￿ ￿ incorpordie Grdnis ￿1(5 10 Ihird parties. As di%ussd w'iih ihL' INler*ndeni ENWn1r￿r such undi%iribuid sknuld noi LI￿sit￿MI &5 Crtdiiors. onl%. fflmics still h¢lLI ID futKI b). Ihe Foundaii(Jn. This is 0 thanBL in aci(MJnting p)lip' fur I?￿ 2024 Fi[wKI￿ Ycar. aNI i%'ill IT¢￿ment of unfuifill¥xI granis aNI undislribul¢d r￿d5 gOlrtB fonvard. rutturei gover•¥Dry ¥•d . Nxtsre ofeov¢ni*¢ dot•mtot I"￿. ehariiy %ias incorp)rJid 28 Nov¢MIKT 2017 aThl cOmmL￿d ils *Jiwili¢s on ihat dai¢. The Lthariiy is goiLYned b!" a CIO consi11￿10 The principwl objccl ofihe ch¥iiy is io wjvith 8mts io Sup[￿ chariiable ¢*s¢s. b. RecTuitm¢*i •Dd AppoiAtmeAt Of trwltts 'Th¢ manag¢m¢ni of Lharily is Ihe r￿[￿nsIbIlity of Tr￿￿tr$ wlx> ar¢ ¢lcci¢d and ¢OvOPted under the temi% ol. the 8oveming th)cum¢ni. Trwslee IThi￿li￿n irdirting is inforn)￿. bji appmprial¢ l() a l.ourtdaiion of Ihis Si7￿.. N¢w Trus¢L*s w¢ proi'ided i¥ith copies of ihc gov¢ming lat¢5L sd of ￿e0￿niS and tsken IhrL)ugh ih pr￿eSseS ¢mploJ¢d b>. ihe . 0rygDiSAtio￿I struc¢urt •Nd 4ttlsiti#vwkiAZ p•litits ThL Tru￿¢¢5 ar¢ r¢sp)nsible for saiing IIK. oyerall sirdicgie5. w11ri￿ and funding criiLYiJ of Ihe foundaiion including ini'esimLN5. making t￿ fi￿1 deti$i(bTh% on anv a￿ar￿kd w¥J for a8r¢¢ing an bvd8¢1. Thi l TUSt¢¢$ have assessed ￿ rnaior risks io Mhith charil) 15 CIp)￿.￿. in partiLular those related lo tlK' 0￿rall￿nS and fina￿¢5 of the charil%'. aThl awe ￿l$fI¢d tkn sl'sknns pNKcdur¢s are in place 10 miiigale Iiur cxwsure io ihe major riskL Major risks Ihai TnL#Cts ha¥'e considered and hai¢ k)k¢n Slips to mitigaie incl haiin8 robLLSI &8Stssm￿l and moniioring pr￿5¢5 lo grants made are tor 14M)rk i*hich is con5id¢r¢d chariiabl¢.' ha%'iDg a clear inv¢simLTlt wlic) y'hich ￿ke5 In￿ acwunl appropriatL prol¢ssional adiice.. and ensuring Ihai IhL FouThJalii)n 15 coJnpiianE ￿"1th legislason aNI rt8ulaions ihwugh iaking an). nc¢essary pr4)fL%sional ad% ice. P¥¢5 P*veT5 Charitable FouMdatio• Trustees. Report (continued) ¢. FlltsdrAisiA8 'I'h¢ Lhdril). gL[￿'r￿1¥ cn￿￿(￿ in limiied fundr￿sIng athi¥ii). OK¢ a in JU￿. Ik rharil) organi5¢ 0 I'undrdising evLYJl IO rniS¢ Lk)nJliims for fourmkniion. 1￿. cknii¥ thxs with a third part) io fundrais¢ i)n I dMrii)'s bchalt". l.&sl jtw Ihe Ltharity laU￿h￿d a fundraisin8 irtiii&iYe &$ ayeed b). Ik Trusl¢e5 lo provith. rLsourrLS lu ihi PLwple ol. lIkr￿1￿. Iviih funds being FoutKl*ion fwm (AhErbusintsse5 indii thJal% ihrougknui ihe P¥fiOd. f. Committet ThairH On 3 Isi Decemky 2024. MarK" Grairw st¢pTryJ a5 aloimw tsf Commiiiee ii'hiLh suprx)rts I'nJgieL in thcir dLYision makin8 over Grarns. Inve51m¢nts and other M￿lIx$ of si8DificartL' io Foundaiion. Pavtrs Charitable Fouthd*¢ion Sfitemenl of Trustees, Respomsibilitie5 lTh¢ IrusiLfS ar¢ r￿P)[L51bk. for rKeparinB I}￿ ir￿￿CeS. rLlX]rt I￿1 t￿ fuMtKial S￿¢￿¢￿1$ in *cordanLY ivith lh¥ Uniied Kingth)m AcLa￿Ming Siandards (Llniid Kingkn c￿￿.￿j1V ALx¢fAwJ A¢u)w)tire PTaL'll￿) and ?pplitsblL la%5 Jnd regul￿10￿5. I'hL Idiv appliLabl¢ ¢0 ¢harili￿ rewirts th tru51LY5 10 pr<[￿￿¢ st*LYllL￿s for w￿h linancial year ii'hiLh give a irue 3NI lair i'i¢Vd ol- ih¥" Stste of atTa1￿ ol. Ik ch*iti ol. rts)urce5 and applii*ion ot. resouries ol'ih¢ rharily tor Ihai rKriod. ID prepdTing t￿¢ finwKial Y•lLmients. iru51ees arc rc4uifLMI I(i'. SL'kci suitsbk aru)urfing rM)licies a￿1 ik'D appl} cixtsiskyrtl): obs¢rv¢ ihe mL%1m￿]S arml prI￿1p￿S in IJK" Chariii￿ SORP 2019 {FIiS102}: mak¢ judgLrynenis *41 L*imaits ih* r¥xix)ablL a￿1 siaiL ¥4.heiher athicabl¢ ar¢￿mi￿n8 siand8Tds haYL' Ixtn lolknYefL subiea io ￿ maierial departurts disclosed aThl ¢xplainL'd in linanciai ststim¢nis; a￿] prepar¢ ih¢ fLnaftcial 51&em￿ts ￿?1￿8 corKern tqsis li is inapFYopriaii to P￿sLMiL thr Charii) "ill Coniinue in busin¢ss. I"hL Iru51￿$ are reSpO￿lbIL for kerpin¥ PA)per rec¢xds lh￿ disclose %Triih rLasoTrable ￿¢￿ra¢s at iimL Ihe fiHan¢ial ￿￿1110n of charili Jnd enable Ihcm lu ensurt ihai fina￿181 siatemL'nlS compl! 14iih ihe c1￿111C5 Aci 2011. the ChtiriliL% (Accoums aThl Rwrts) Regulaiions 21MI8. aTrJ proi isions of Ihe eonsliiUIiOD. ' irus1¥￿ are a150 r¢sp]tsible fur safe8uardbng lh¢ assets of1￿ th8riiy arKI htnce for ￿kIng reasonable SlLps lor IhL prcv¢nli¢)n and daeciion offrdud irt¥ultwiiie> The Iru$iee5 arc rL5P)nsiblL for IhL' maiN¢riarKL" aThl iniegrii) ofik wraie atwj financial inf0m￿li￿n incI￿jed on Ik th¥iiable c￿npa￿}.5 ￿'d)Si1¢. L¢8islaiion goierning JKLyaralion *KI disseminat￿ft of finanLial sthierncni ma) diffcr from legisl￿10Th in otkn jwi5didM)rt* Appro¥'¢d b} Intsiecs ofik. clNri¢) 2024 aNI sig￿￿ on its Wf bj.: S D PJi'¢r Trustee Pavers Ch*rilxble Foundatio Independent Examiner's Report to ihe trnstee5 of Paver5 Charitable Foundation I rqjort l(Tr in1￿e￿% Ot) m) LXaMin￿i￿ of Ik. of Pavers CThariiabie l.OWKI*M)n ftst itK' slat Lnth4131 January 2024. Re5POD$ibiliti¢5 b*$l$ of rtp•rt As 1)K' chariiy Irustixs uf Paver5 Chariiabk. I".our¥J*l￿ !%)u ar¢ ￿￿￿$1bIL for i￿. pr¢paralion of the arLounts i urdance i%'iih Ihe itquiremenis of tk. CILari11￿ Ad 2011 I'ihL' Au'l. I rerA)rt in re5pecl ofmv ¢￿￿}Inat￿ ofik. Pa¥Lrs Chawithk TroUndwi￿.5 carriLYI un(kT S¢Lti()n 14) ol- Ihc 2011 ALI atMI in Lari)'iiig iiw ¢¥am1[￿[￿￿ I hai'e followed all Ik appli¥thlL Th￿17[)￿& 811.L￿ bv thL Charii) Li)mmi5sii)n utmkr s¢LIK￿ 145{5)Ibl of ilK Aci. IndepeDd¢Ht eAIIIIIIDer's sl*teM*wl Sinlr PavL'rs Charit4bl¢ Founthiion's gross ifKvmL Lxccethd £2iO.(W low L￿a￿lTher musi IK" a rnembLY ol. a Ix)dJ' IisiLd in %euiM)n 145 of IIK. 2011 Aci. I tonfirm lh* l am wlilhxl to wKknakL the ekamin*ion IKcau5L l atn rn¢rnlKr i?f5thn Wolk¢r & Co. Ilhich liyd 1￿MIlL￿. I h41¢ complLXLQ m} examination. l ¢onfimi ihai m￿L￿al m&ius have ¢0 m) in connLiliOn iiiih Ik ¢karninalion giYi08 m¢ Ca￿le io ￿.]￿YL ihai in an). rwLI= couniing records wc¥t rni in r¢¥A*i ofpav¢TS Chatitsbk FOU￿&10￿ a5 r¢4uired ￿. 5¢rlivth 130 ofihL ALI: or 2. lh¢ accounis do not xcord ￿1th rLwrds: or 3. Ihc a¥¢ounts do rM)I complv M'iih Ihe aLT[)unrI￿ requlrlTh￿iS conierning Ihc fomi aod coniert ol'xLI)unis ￿1 out in Charities IALLDUNS and Rcwnsl Regulati(￿5 2W8 oiher than an) requiremert lh4 thL acLoun15 8iie a"ITue aThJ fair Yi¥￿% ￿thI￿ is maiiLY ¢￿idered a5 Fwt oran 1Thk￿de￿ examinaiion. I hai'e no conLcrn5 and hoyc actDSS rn) ￿her m￿1￿5 in ¢onnt%iion with Ihe examinaiion ￿ ikhich aii¢ntion sh(wJd be in this in ordcT io rJwb]¢ alwr ￿ThIe￿￿JIng of the *[))￿¢S io lan David Walker FCA FCCA lan Walker & Co lan Walk¢r & Ci) Box Tree I louse Northminsier Buslness Park Upper Poppl¢lon York Y026 6QR Y S¢pi¢mbw 2024 Pavera Charitabk Foundatio Ststement of FinaD¢i*I Aetivities for ibe YeaT Ended 31 January 2024 Ulrostritl Re51rided f*ttds Tot•1 2024 N• IAcoThe •#d Ehdo*rntDts frorA: tk)lldliuths ILythIS Ini¢simLnt itiLI)me 253.394 10.128 125.355 378.749 10.128 olal inrome 263.522 125.355 388.877 Expenditur¢ o*: Raising lun(ts Chariiabl¢ a¢iii.iii¢s 17.1631 1?26.184) 17.16Jl (329.5441 1103.3601 .1 ￿al exp¢ndiiiiT¢ 1233.3471 (103.360 {336.7071 Nei incom¢ GainOlltsssesl on iniL*mLnl a>s¢is 30.175 (4J.304 21.W5 52.170 60.304 N¢1 moi'LxneM in funds 90.479 21.995 112.474 REconciliatiDn of fumds Tui¥l funds t*ought l.P)7.412 112.7181 1.784.694 Totsl funds carriLyJ fornord 1.887.891 Umytslrided f*nds 9.277 Restricted 1.897.168 Totaj 2023 No¢¢ Income and Eudowwtmts frnm: [kn￿lUn5 and l¢gaciis Inv¢4m¢nl income 265.825 21.232 374.417 640.242 21.232 'loial inc(Ime 287.057 374.417 661.474 PElldiluYt on: Raising ful￿5 Charithble ac11￿111 (7.0901 156.0761 17.0901 1387.1351 'loial eiperwJiiur¢ 1163.1061 1387.1351 1550.3011 Nei in¢omellexrthdiiuTel i￿￿£10Sses) on ini'estrnLnl asscts 123.891 165. 112.7181 165.1001 58.791 112.7181 46.073 RecoJLcili#tiom of funds T￿al funds brou8hi lornard 'rotal fwid$ trarried fomard -738.622 1.738.622 15 -797.413 1.784.695 Tk. ￿t¢S on 12 lo 23 form an iniLgrxl of financial Pag¢ 9 Pavers Ckaritable FouDdYdtioo Stslement of Financial Aclivilies for ihe Y￿r Ended 31 J*nDary 2024 {eontinued) All ofihL ihariify 5 XIIVLIK'S duiv¢ tyJthiwinB (wmlonsdurjt￿ a￿}¥¢ ti%0 I k. ￿LULd(lI¥n for 2023 is slK)ii'n in IS. ThL" rKKes 12 10 23 fo￿ an inlcgral pan ofihe5¢ fiTMrKsal S￿￿￿'nI5. I'w 10 P*vtr5 Charitable Foundalio (Reg￿lr2110￿ number. 11759LI) Balance Sheet ￿ ai 31 Janugry 2024 21124 202J Note Flxed *ssets Ini'Lqm¢nts .551.074 1.490.JOI Curre•t •ssets DL'hio Cash ai bunk al￿ In haThJ 12 1.202 296.91? 349.814 349.814 298.114 Credito￿. f*lli•¥ withi• •w y¢Ar 14 13.7201 13.7201 Net turrent 155ets 346.094 294.394 Net issets -84)7.168 1.784.695 FU￿d5 ofthE tb*rlty: RestTirled ￿Orne R¢slriLl¢d fuThls 9.277 112.718 Unn5tTitted incorne fuwds I1nrL'￿f1al￿ fu￿15 1.887.891 l.M.413 Tol*l funds 15 1.897.168 1.784.693 'Ih¢ linanciJl slaterncnls on Pa8LS 9 ￿ 23 wue bj. thc IT￿le¢s. and a￿￿KISed for i55u¢ on 9 S¢Nember 2024 aTrJ signed i)n Ihthr khal[￿.. SD Paler 'I'he on pages 12 w 23 r(bml an inieBrdl rArt ofihx" financial sthiemenis. Pavers Ch*ri¢able Fomndalion Notes to ¢be Fiuan¢ial St*t¢meDts for the Year Ended 31 January 2024 l Afcounting yollcits SlatemeAt of ¢ompli•*ct 'I"hL linancial ￿￿1¢￿ents. hay¢ b¢¢n vK¢0r(k￿e Miih ts s¢coMI edi1￿n ofihe Chariiies Ststemeni c)I' R¢cotntTrendLxJ Praciice 15s￿d in Ocii)Frtr 2019. I..1r￿￿1al Riybrting SwKlard applicabl¥ Ln the Ilnitthl Kingdi)m aTKI R¥piibli¢ ol. Ir¢land IFRS 1021 al￿ the Cl￿n11L% 2011. B•515 of prtp*r#tio# Pai.ers Charitable F1M￿daIL0￿ MLYS definiiN)p of3 FHthli¢ knKfil ¢nlit) FRS 102. Th¢ a¢LOUrtts Ifinan¢ial eminisl have ￿epared wider ITrK historical CO￿ l￿￿￿.t￿lI0￿ i¥iih iiems rcwi5¢d * ci)51 or tranwlion valuL unless othimvis¢ str¢L￿ in the r¢leYant ntwsl (o thef¢ xcuunts. Going coAcenJ '[￿ tru￿&¢5 ¢onsid¢r ar¢ M￿ttIal th￿LYthIn11¢S alxmth the rhwit)'s abiliiy lo cwitinu¢ a5 a gning Ll)nLern. Income emdowrnents Voluntary illL0￿C includin¥ donaiims. 8ins. IVILS Ihar provide COT¢ funding or ar¢ ora g¢n¢ral is rxo¥ni5¢(J uhcn ihe charily h35 entitlement lo i￿c. il is wbable Ihai irthme iiill be received and Ihl amount ian tK' Measurl￿ ivith 5ufficiLyll reliability. #ndlezvcies Donatior￿ and lewic5 arc reCOgni￿d nn a TryeivabiL knis whcn rwcitA is pnTrFAblc and Ihe amouni can k rLliabl) measured. rectiwble fjranis art recogni5￿ the chhTily h&$ ￿7111•￿¢￿ funds ally t(￿E1￿)￿S linked 10 IhL gMNS havc md. Where wrom1￿ce condiiions are 10 ilK graN and are )ri to he rt the iTKX)rne is recognird aa a liahilii) md IrKI￿ th¢ as Ik.ILYrtd irtLY)mL io ￿ rekased. l#vesimenf Incniiie Dsvithnds ar¢. rL'¢ognisL'd onc¢ i￿. divithThJ h&s kn decjared WKI rM)iificaiion has trttrb re¢C1v￿ of I￿ dividend £xpenditMre All ¢xpendilure is recoEnisLlld ot*e Ihere is a kgal or cOn￿￿K1￿￿e oblig￿NIn li? thai &¥pcndiiurc. li is probabl¢ seiilem¢ni 15 rcquircd a[￿ th¢ amounl ran mea5wed rL4iably. All w51S arc al￿.￿e￿ ii) the 4)plicablL expendiiure h¢adin& th* aggregaiL similw io th￿ caie81)r)'. WIKY¢ costs canjmbi be direcil%' alliibuted lo tMrtiLu13r hLadirtgs Ihcy hav¢ beeth allutaied oth a basis Lonsisieni il'iih ITrK' ol. r￿urC￿ iiith 5th11. c0515 alloLw¢d t￿. bas'is ol" iimt Spent. arKS depwialiurL L4wg¢5 alkn*LYI on the wrtion vf Ihc &%sei's use. OihLY sur4Xirt COMS ar¢ alknai¢d b￿ed on spread ol'slaff LX)5ts. Pavets Charitable FouDda¢io Notes to the Financial S¢atements for the Year Ended 31 January 2024 (COD¢inued) Thtse ar¢ Lx￿15 incurrcd in *tM1ing i'olw)tsry iM￿me. Ihe m￿￿1 tsl. Inle￿rnLMt$ and incurrLd i irndirtg &isiiiies Ihat rai￿. Ch#niable rtfivrhes ChtsritsblL c.i￿ndi1￿rL coMwis￿ those ￿$1$ b% ih¢ th¥ii! in ilK' thliviry of lis aciivities dThl sern'i#L% for lis I￿.￿rI¢lanr ￿a￿lS arl Tnad¢ inl¢niion tg mak¢ a 8raM ha5 bttn LxMKmuniL*ed 10 Ik. recipi￿1 bul there is ax)ut either the timing ofr'ik. OT ofgrni Fthab Swpport eosts SuptX)rt eojis I￿l￿de CLnirnl f￿￿10n5 and activiiy u¥sl c*￿VrIeS OTh a Imsis LM>11S151Lni 11 It th¢ US¢ ofr¥sovrces. for *Kample. allo¢aiing prorKm% c¢ws h! lloor or p¢r wila slan.￿ts bv Ihe limL' $P¥nl ar¥J Ot￿r costs bv IIK'ir wg¢. GovenJAAct t05ts "r￿￿ includ¢ ih¥ ¢0￿$ *trib￿able 10 L4wii) s compliance iiiih ronsiiiutional a￿d ￿3t￿OrY rwuir¢fftcnly. inL1￿]Ing audiL 51rai¢gic manag¢m(*i wxl ML￿1￿ artd ￿lM￿A￿Se￿ LX[￿￿. G•vernmeTht gr#wt5 gtanis are reL08n1k￿ FAsed on ￿￿￿k1 a￿1 ar¢ m¢asur¢d ai the fair value uf Ihe ass c¢ivd or r¢c¢ivabk. CiraNs ar¢ ¢lassified &$ rL'lating eiiher io reven￿ or ￿ assd$. Gr￿15 r¢laling lo reven￿. are rec08nlsL￿ in inLome th¢ puiod in ii.hi¢h Ik. ￿1￿¢￿ L￿Sts are recogni5ed. G￿lS r¢la(ing 10 assLlS arn. rtiogDis¢d oi¢r th¢ us¢ful life of Wkr¢ rwt ol a gMI rel￿1n￿ io ap ass¢1 is deferreil. il ig rccognised as deferred i[￿￿￿¢. T*xafioo I'he charil> is con5idercd io pass th¢ in ParagrJEth I S¢lKduk 6 ofihe Fin8n¢¢ Ath 2010 and th¥¢fore it meets the difiniiion of a Lharilabl¢ ￿panY fcw I IK ¢OryMW*ioTr Ltx puwrA)ses. AcLYTrrdingly. Ihe chariiy is wi¢nliall> xemrA fwm itiaion in of iKom¢ OT ￿p11￿ gain5 r¢¥¢iY¢d iyithin ¢*L¥WIL¥ COVLYed b% Chapier 3 Pan I I of CorpDralion I'ax Acl 2010 or Scciion ?56 of Ik l ￿￿10n ofcharg¢aN¢ Gal￿ Ad 1992. to lh¢ ex1￿1 ih swh income or ar¢ applicd exLIu5i%¥ly lo ¢hJTithbl¥ IxJrp)SL% Ixed Ass￿ iAveslment5 Fix¢d #sset inv¢s¢menlS. oiher programme rel*ed ini'¢suneM& arc indth ai makn valu¢ ai th¢ Lxlan¢¥' 5h¢¢t ale. Realis¢d gains and 1055e5 011 ItI¥E51rnents arc c3lth1atL￿ ￿ Ik. differ￿¢< ￿1$¢¢￿ sales pn)i¢eds and Ihiir mark'a ai the sthrt (If ik )ear. of ik'iT W5L a￿d wr¢ or ¢r¢diit>l 10 Iht Sui¥mieni ol. Financial Ailiiiiies in thL" pcriod ofdi5p)sal. Unrealised 8￿￿5 and lossei Tet*eseni in markth la1￿ thring ihc )car ar¢ ¢y¢Jii¥d 10 lh¢ SiatcmLnl of FirwKial ALl1%ilK￿ c)th I￿. markLX ialtt a thc %'ear end. P4L IJ Pavers Charitable Foundatio Notes to the Financial Ststements for the Year EDded 31 JaAuary 2024 (contiDued) Trade dtbtor5 I"radL Ik.biiMs are 8mowLlS diie from l(Jr mcrdMTKlise sold ￿r0￿Med in Ik ordinan u)wse or husirKss. I.￿{¢ d¢bii)TS afL' recoBnised iniiiall% ￿ IIK. ITar￿Ction wice. llw. Subw￿11> ]llL75ufLryI ai aMi)rti￿d co using iht ¢lT¢aiie inl¢f¥'& metho& less for Im￿lmI¢ni. A rKoiision lor ihe imPaiTmLni i)I'irad¢ ¢J¢hnr4 is iahlishLd iih¢n Ihcre is obj¢cli￿.¢ Mill ablc kn a)IkLI all amounts according Ici IIK. 0ri8inal ILYMS i)I'ik reLxxiabi¢ Cash and cash equI￿le￿¢S Cash aNI wh i4UlI'ak'n15 ci)mpTise armj all rfkpsits. arnl oikn short.iemi highlv liquid in%LsimLmis Ihal ar¢ r¢adil> ￿￿￿.￿rtIbl¢ 10 a kMi%n amwii ofLth and are subjtsi io an insignifiv4nl risk ofchange irt I21LL'. B•rrowlAZS l￿eTeSt-l￿7ar1fftE Fx>mJi4ings are inillall) recor￿ ai fair v￿uL ol. Iran5¢KI￿n (051% Ini¢rcst.twrin8 IMtrrr014'ings ar¢ sub5e4uenil) catricd al amortiSLd cost. yiih ￿. ditTererKr ￿l¥¢¢n ik PnK¢cds. nd of tran&*iion cosi& ihe amouni dui on r¢d¢mplion k'ing r¢cognisrd as a chatg¥ to Siaiemeni of Fir￿￿la1 AiiiviiTre5 ovcr IIK. p¢riod Trt. rL'levani trmJrft)￿1n8. IntLTesi is rccLl8nis¢d on lh¢ basis of th¢ ¢ntyiive IniiYL* methj atxl is irKIth in lnic￿$t pa)ablL afKI Simil￿ 14orrnbings arc rl055ili¢d as ¢urrLYll liabiliites wjltss ehariij ha5 an ￿Kor￿j11￿mI Tighi (kfer sL4tIL¥neni Dl"thL liabilii) for ai k&s1 N¢lv¢ momhs IIK" T¢￿rting dai¢. Fund 5trntts Unr¢siriLied irK(xne furK15 ¥¢ fur￿ arc avaiiabk. for at thc w￿￿¢&¢x￿mII1ee5 discreiion in further￿. ()l-IhL otyeciiits ofik £lwi¢y. De5ignalcd fu]Mls are Unn￿riLl￿ fuThJ5 Sa Wilde for 5￿CIfIC pul￿)Sc$ th ihe dismyiott ofthe irusiees. ReSin￿ed iKom¢ fusK15 aT¢ i1￿$¢ Ik)nai¢d for w trt a P￿iL￿18￿ area 4Y l(>r stKcific wrrrt)se& use ol"I4bich is Tesirithed io Ihai ar¢a or PUTPOS¢. Page 14 Pgvers Charitable FouMdatbOD Notes to the Financial Sthtements for the Year Ended 31 January 2024 (continued) 2 In¢•me from d•DatiMS #Ad iry*ties U•re5t￿ted fu•ds GtNerAI Re5tritted C••ds Tot•J 2024 2023 thbnaiions and le￿￿1¢￿= Donaiiuns fmm Pavers LimiiLx4 Donation Ir()tn l*nil Oiher dunaiipns Cirdnts. incI￿J1￿8 ¢apilal graThts- 6()V￿￿￿¢￿t granL 211.302 1.225 40.867 211.302 1.225 166.222 220.8Y4 6.850 392.365 125.355 IY.933 253JY4 125.355 378.749 640.242 P¥- IS Pavers Charilgble FoulldAtion Notes to the Fin*Deial Statements for the Year Ended 31 January 2024 (eon¢inued) Othir donotic)ns In 2024 £125.355 lor ukrai￿ furthising 11h￿h in Mar¢h 2022. 3 Inwestmtnt i*eomt Unrtstrirfed f¥wds G*#er*l Totsl 2023 2024 IMerLiSi reLYivabk' simildr Iniuesi r￿￿11'able on bank drwsiis IK'r income from fixrd as￿ 9.120 9.120 21.232 10.128 10.128 21.232 4 Expendilire rn15i*8 futhds *) Inve5tmeot m*na8eme•t e•5ts Vwre5trfed fu G¢o¢r*l T•t*l 2024 Tot*1 1023 Note OihEr mana8emeM cnsts: An￿UmS pal'able io inie51m¢nl mar 7.16? 7.162 7.092 7.163 7.163 7.U90 5 Expewdilyrt ￿arl￿ble *di*il*s iJwre5tri¢t¢d f•*ds Desii4•¢ed GeNeT•I Restricted f•thd$ Toi*l Z023 2024 N•te Grani fundi￿ of aL%iviiies Allrfall￿ sup￿)￿ eosis 42.765 177.947 103.204 323.916 537.11 1.752 3.720 156 1.908 3.720 2.391 3.72U GovLYnanLe costs 42.765 183.419 IV3.360 329.544 543.21 P48¢ 16 Pavers Charitable Follndatio Notes to (be Finalleial Statements for the Ye*r Ended 31 Janmar), 2024 (continued) 6 Ai•ty5i$ tsfgoY*rn4*¢¢ •Ad s¥pp)rt ¢•sts Other resourtes exptsded U•re5trided T￿￿1 21124 Tot•1 2023 GeA*rnl D￿k dJarg¢ Iravel un¢J subsisi¢rKe onicc ￿)sIS 1.356 850 1115 153 665 153 665 1.814 2.391 Govern*the* ¢o$ts L•n5tri¢ied T•tsl 2014 Total 2023 G￿traI Indvmdeni examiTKT fLfS F.Xdmin&ion of the finaKial slalctnL￿s 3.720 3.720 3.720 3.720 3.720 3.720 7 GrnAt-*J•klng AM*lysis of irADIs Gra*ts to i#stitkniloas 2024 2023 Anilysi5 Fan]ily DoTh81ions Grani Donaiions Charii). of1￿ Year Ukraine t)Linaljvn 42.765 120.447 57.50D 103.2(H 56.4?5 34.173 80.UOO 366.502 323.916 537.IIKI l1* S￿￿)rt cusis &ss(IciarLyJ w'iih 8￿￿kIng ar¢ £Nil (31 J•uoTr 2023. £Nill. Pag¢ 17 vers Ch*rilabk Fou#dation Notes to the FinaD¢ial Statements for the Year End¢d 31 JaDuary 2024 (Continued BLl¢)i¥ are &%ai1s of M￿erIal 8r3nts pkYJg¢d io iNMilulioii& 2024 2023 Name of insfitufio Alil￿1bIe Arts and M¢dia Children 14.iih CanLir UK CThildMI's Brnin I'um(HJr Res¢*¢h Cl￿(¥¢ Childrens SoLiLI) Dai OnL Trnuma SuprA)rt Fullord School Ilull Childr¢n's lJniv¢TSit) Irish CancLY &Ki¢ry JaLk and Jill f￿1ndation Millic Wrighi Childrens Charii) Nation￿ AulistiL kn'idy '1￿ Presivn Ro*1 Womerts Ceni 'rk Princ¢'5 1 ru51 Trussell TTUSI W￿1￿￿k< For¢si Young Minds UkrainL Donation5 Other granis io irLSiilutivrts un(kr £5.(KKJ Atlivity 5.000 S.(H)O 40.(NXI 10.000 10.000 5.000 10.(K)O 10.thKI lo.￿0 S.{￿0 5.IMJU lo.￿ 10.O(M) 17.5 19.933 20.0(NJ 103.204 140.715 323.919 366.502 96.315 585.250 Al 3151 January 2024 of Ihose Granis pldg¢d £61.950 remain widtheld b). Ihe Charil). this Wds dL* 10 a lack of fuifilmLni ocihe Grani crbieria by receiving rAn). as dicuicd b). lh¢ PJver5 charit￿[¢ Foutmlaiion. 8 Tnsstet5 remunew*tion ¢xp¢•Ms No injsiees. nor any perwns {j)nn￿l￿ iyiih ikin. hav¢ r¢ryiv¢xl ￿Y remunc￿￿￿>￿ from Ik. eharii) during It￿ )taT. No iwstLxs have recriv¢d am rcimkned ¢YpuTrs¢s fTOm th dwi1> dwing >'ear. 9 IAdepEnde•t ex*minerfs 2024 2O2J F.xaminalion ofilK' financi￿ sialernents 3.720 3.720 Pagc 18 Pavers ChaTithble Foundation Notes to the Finatteial Statements for tbe Year Ended 31 J*ll•ary 2024 (continued) 10 TaA¥fio Th¢ Lharii) Is a r¢gisiiYed charilb a￿] 1% I￿¢r0￿ fn)m iai*i(KL I l Fixed asset iivestrnents 2024 20LI OihLr inYesimLYMS .5i1.074 1.490.301 Pagc 19 Pavers Charitable Fouthdation Notes to the FinAneial Statememts for the Year Ended 31 January 2024 (continued) Other investn*nts imvestm¢wt5 Tol*l Cost or V*l•*iio Ai l F¢bn￿r%. 2Q23 RLI"aluaiiun Addilions Di5W5als 1.41)0.301 60.303 645.319 1644.8491 1.490.301 00.303 645.319 1644.8491 Ai 31 January 2024 1.551.074 .551.074 N¢1 b••k vxlxe Ai 31 JaDuar4 2024 .551.074 1.551.074 Ai 31 January 2023 1.4W.301 1.490.301 ThL hisii>rieal invesknnern cosi for Thariii's p￿rOllO5 £1.911.LMKI. 12 De￿Or5 2024 2023 IKr iJ¢biurs 13 C*$& #rtd ¢#sb e44iv*knts 2024 2023 Cash al bank 349.814 296.912 14 Credilor5: f•llt*t whhl• ••t y¢ar 2024 2023 ALYnwls 3.720 3.720 PaB¢ 20 Y, Y 71 T• c c Dnv2> ¥kWWW b* Éh Pavers Charitabk Foundalion Notes to the Financial Slatements for thc Year Ended 31 January 2024 (continued) 16 Ao*]ysi5 •fnet A%sets f¥mds Unrestricted Total fuuds 8t JI January 21124 Restritttd Ge*ernl Fixed a55et inveslments lJ51.074 340.537 3.720 1,551,074 349,814 3.720) Curren¢ assets Current liabilktie5 9.277 To￿] net asse 1,887.891 9,277 1,897,168 UArestricled f¥*ds Ceoeral Totsl fwDds At 31 Jao•#ry 2•23 Restrleted funds Fixed asset investments Current assets Current liabilitL¢S 1.4W.301 310,832 3.720) 1,490,301 310,832 116,438) 12.718) Total assets 1,797.413 112,718) 1,784,695 17 Rei&led party tr8ll5acIioD5 One Trustee is also a dire¢ior of Pavers Limiityl. Dwing the year. I￿￿10n$ ¢otslling £211.302 (2023.. £220,894) were made by Paver5 Limited to the chariiy. Page 23