Yellowsands Foundation Annual Report and Unaudited Financial Statements For the year ended 31 December 2024 Charity Registration No. 1181005 Y•llowsand• Foundatlon Cont•nts PAGe Yellowsands Foundatlon Legal and Admlnistrative Infomation Ch•rfty Name Yeknwsands Foundalion Charlty Number 1181005 Trust•es Brelt Huggins Clare Scott Spencer John R•gist•r•d Offi¢• 36 G￿ThJary R¢￿d London SE22 8QD Accountants AcKJre Iungston Smith LLP 9 AppL4d street Lwdon EC2A 2AP B•nk•Ts Natwest 61 Sy(18nham Road London SÉ26 SHA Page On& Yellowsands Foundation Statement of Financial Activities For the year ended 31 December 2024 Unf•strl¢t•d Fund• Totsl year •nded 2024 Total rk+d •nd•d 2023 2024 INCOME AND ENDOWMENTS FROM: ch)nation5 and Legacies 250 250 700 Total 250 250 700 EXPENDITURE ON: Ch8Tlt8￿e acl]v￿aS 936 Total 948 948 936 Nel expendlture •nd net mowmènts In furMIs 16981 16981 12361 RECONCIUAMON OF FUNDS: Totsl Funds tK>ught fowdfd 1,366 1.366 1.130 Totsl Funds carrfod forward {2.064 2.064 1.366 Pag¢ Two Yellowsands Foundatlon Balance Sheet As at 31 December 2024 Curr•nt A•••t• Cash Ai bonk $54 554 Cr•dltors Amounts lalllng du• wlthln onè ￿ar 2,064 1,920 N•1 eun*nt *suts 12.0641 11.368) N•t •M•t# Fund• Unrèstwicted ftbnds 12,W 11.366) Tot•1 Fund* Apprtsved by Ihe TnJst8es on...... and s*n•d on th•lr ￿hOw by.. Sp•nc•r John Trusleg Charrty No. 1181005 Pa99 Thr99 Yellowsands Foundation Notes to the Financial Statements For the year ended 31 December 2024 Ac¢ountlng Pollcl•¥ Chthrlty Infomi•tlon Yelk)ws8nds Foul￿ation13 a chofity reglslered In England and wh￿9. regtstered offic8 is ￿ G￿ngary Ro&d, LotKlon. SE22 8QD. 8asl8 of pr•parntlon The financial slalement5 have been prapared in a￿Ordance bmth Accounting and Reporb'ng by Chalrtigs." Stalerwnt of R8commeThJed Practice Bpplicable to charities pr8P8ring Iheif a¢￿Unts in 8ccord8Thce 4Mth Ihe Financial R•porting Sl8nd8rd applic8ble in ¢*e UK 8niJ RepuNic ol Ireland IFRS 1021 and th8 Ch8ritias Act 2011. The Charity wnsbtutes 8 public benofit 8ntity as d8fined by FRS 102. The financial slalements a￿ prepared In sterling, whth is the lunclional currency ol the chanty. Ih)netsry amounts these financial $￿ternents are rounded lo the no0￿$t pthnd. The principal 8ccountSng poliues, %thlch are appligd consislenuy. are sel out babw. Golng Ctsn¢•m The twstees have assessed vthether Ihe US8 of the going conc&m basis is appropriale and have eonsKlored possible events or condilions that mi9hl cast 51gnrficant doubl on the abilty of th8 charlty lo continu8 as a g¢ing concem. Tha trustees have considered Iha impact ol trxtomal factors when makirwj their 88sossmenl. Ajth￿yh the chadty Is In a nel liabilities FKJsilion at year end the 9xpectatSon Is that incom8 will remain staady or inc￿$8, whilg ?xpenditur¥ $ntirdy consists of eharitsble acti￿1)9$ Ond so in fU1u￿ yeors ￿11 be matrhed 898inst income. 1J In¢omlng R•8ourc AJI incoming resources a￿ recognised once the charity has entitl8rnenl to thè reswrces. it Is e8rtain that th• resource5 wll b8 r8¢&ived, and tha monel8ry valu• ol lTrcomln9 Msourc8s can bo me85ured ￿1h sufflaent rellability- Re$ourc•s Exp•nd•d Liabilities are recLJgnis•d 85 rgsources expand•d 88 8oon as th•r¥ is a legal w o)nslrudvg obWtKM erAnmitUng Ihg cbartty to tha expenditur8. Ml expenditure 15 8¢¢ounted lor on an &ccrua15 basis al￿ has been da$sifi8d und•r 88dings Ihal 8ggre9al8 all r¢lated to the cat8gQry. Fund Accountlng The charity receives dona￿On$ and uses thes8 as sour&8s lor Oglivery oftha aims ofthe FtyJndatK)n. TaXa￿on The entity is 8 i*g15ter8d th8rity and has no tradlng Ir￿￿, and is therefor8 exsmpt from laxalion. lo¢allon of ov•rh•ad and #upport CO8ts Overhead and support etssls h8v8 been allocaled to Cha￿table actlvltgj. Th& ￿l￿aLKIn ol 0￿rhe*￿ and supwt cosls is analy5e¢J in nole 4. C+ltlcal AccountSng E$tlmat•¥ and Ar¢&$ of Judgem•nt In application ol the Charily's accovnts'ng poliues, Iho b08rd15 re4u*red lo make judgements, estimates and assurnplions about th8 carying arTh)unl of assets and liabilili8s that are not Teadily apparonl from olh8r sources. Th estimates and associated 8s8umptB)ns are based on hlslofical experi8n(¥ 8nd olh8f facttvs that a¥9 C￿sider9d lo relevant. Actual results may differ from th66è 881im8tes. Th8 esllmat8S 8nd undèrlying assumplions ale revie%%Fd on an on-going basis. Rgvi8ions lo accoL￿￿.￿g estimates are r8cognis90 In the period In wthith the 83bmale15 revised. il the ffj¥lsk)n affects On￿ that perK¥J. or in the penort ol thè rtsvision and futur& perf(xls if th& revi51on affects both current and futur8 ptsdods. Thère aitr no 8Stlmète8 and assumptions w4)ich Br8 b81i6v8d lo h8V8 8 significant rfsk ol c8ugin9 a material adju$trnenl lo the carrySng amounl ol 85s818 an(J Ilabililles in th8 cu￿nI peilod. Pagè Four Yellowsand8 Foundatlon Notes to the Flnanclal Statements (Contlnued) For the year ended 31 December 2024 Flthanel•l ￿•￿￿￿TrI# Oetrtm cT*JhifJ r¢cdv8WDoT POtr￿*￿Alhh1 ryol thg d31e cath•d al wirj) •kneq1￿1lllY ai VA1￿. thAI Ta￿VAl￿Tr poy*AB kn mDrn than yenrHThJ ￿t ￿￿ect mofy•1 r•bd kntero* th￿r￿*S￿l v0knalt￿ 8XPBdedf￿P rK9W u rwenl dlycwntéd at o mwk•t ml• t*(w￿Sed 81th* sets￿1 8rMunl after B*r**vJ fty dls(xxJntsthx. Unw•Jtrfthd 72 2W P￿F Yellowsands Foundatlon Notes to the F5nancial Statements {Contlnued) For the year ended 31 December 2024 Ewndltur• uh￿t￿let•d 2024 UnrMtrlct•d 2023 Support ¢￿tt *lloe*t•d to •cllvltl Cosl ol FuryJr8is￿r1j Legal Fees A¢counlarKy F888 Markeliw Tru51ee ExpeTr$81 218 12 720 216 720 948 Ch•rltabh •¢tlvl¢l••'. GTani$ Ir¢nman rwr&Me FPS EquiKxnenl lo Scho &Jmmor Sch(d CLKt Tat*l •xp•ndllur• Employ•• ¢MI• Aver8￿ rKKmbor ol empbyeeB TN•i••• •nd K•y M4n•gwn•nt P•rnoftn kne of INsle88 recow remw￿r￿t￿￿ ln Ih8 [￿. No tsu$lo9 rdmbjrsernenl ol èyrort12m.. Enl). Trustee$ *so paKJ 2024". £rMI12023.. £nill in $8gal f885 on behaK of th8 charitywhKh later ￿Mb￿r￿1. Cr•dltorn.' kniounts f•lllw du• Wlthln om ymf Ac•r 2023 Unreslitied Funds 1,130 1.366 Allocatlon of Net A888ts betwe•n Fund Curr•nt Curr•nt a￿1￿185 Total Tcrtal fmls Current Currert L1•bIll￿ T*)tsl 2023 Ufirestrxt8d fuThJs Tclal fuThYs 10. Related PartyTranM¢t4on$