Chartty number: 1187265
W. ￿NG YIP AND BROThERS FOUNDATION
FINANCIAL STATEMEiwrs
YEAR ENDED 31ST JULY 2024

W. WING YIP AND BROTHERS FOUNDATION
LEGAL AND ADMINisfRATXVE INFORMATION
TRUSTEES
Ms. l. Loynton
BJ. Ylp
A.S.Y.W. Ylp
J.R. Bates
E. Yap
D.S.S.W. Ylp
S. Munpud(ul
CHARITY
REGisfRATXON NUMBER
1187265
PIUNCIPAL OFFICE
375 Nechells Park Road
Nechells
Birmlngham
B7 5Kr
Independent Examlner
Peter Smlth FCCA, FCA.
JW Hlnks LLP
Chartered Accountants
19 Highfield Road
Edgbaston
Blrrningham
B15 3BH
BANKERS
Barclays Bank PLC
PO Box 5960
I Snowhill
Snow Hlll Queensway
Bimilngham
BX3 2BB

. W. WING YIP AND BROThERS FOUNDATION
TRUSTEES. ANNUAL REPORT
The trustees present their report and the financlal statements for the year ended 31st July 2024.
Legal and administrative informatlon set out on page I fomis part of thls rem.
The Foundation is a registered charity, number 1187265, and is a charltable incorporated
organisation govemed by Its constittjtlon dated 8 January 2020.
Prior to the registration as a CIO the charity operated as an unincorporated charity (number 326999).
The Transfer of assets took place on 2 February 2021 and the old charlty subsequently closed.
The objects of the charity are the relief of povty, sickness old age, and the advancement of
educatlon and rellglons.
The financlal statements have been prepared In accordan￿ with the acCoun￿ng policles set out In
note I to the accounts and comply with the charitls constltutlon, the Charlties Att 2011 and
Accountlng and Reportlng by Charlties: Ststement of Recommended Prattice applicable to charltle5
preparing their financial ststements in accordan￿ wlth the Flnanaal Reportlng Standard appllcable
In the UK and Republlc of Ireland (FRS 102) and UK Generally Accepted Practke.
ORGANISATION
The first trustees appolnted by the sponsor under the tenns of the Trust Deed were W. Wlng Ylp
and his brothers (famlly tnjstees) and non-family trLJStees. On a vacancy occurrfng, a new
trustee may be appointed by the rernalnlng trustees. The number of trustees may be increased at
the dlscretion of the trustees to Include the descendants of the first named family trustees (or such
other famlly members as the Famlly Trustees shall from tlme to tlme decide) provided that the
number of family trustees does not exceed ten persons. There must always be a majorfty of Famlly
Trustees, a mlnlmum of three trustee5 Including one r￿n-faMIlY trustee and a maxlmurn of ￿e1ve
The trustees who have held Off￿ throughout the year are listed on page l.
As reported In prevlous years, the Foundation has been Incorporated Into a Charltable Incorporatej
Organisaticn (CIO). Following delays due to varfous reasons, not least the COV]D Pandemic, the
transfer of the remalnlng assets was finally completed durlng the year. The Incorp)ratlon was also
used as an opportunlty to review and update the governlng (loaJmentstk)n to reflect a more current
constitution and this has been athieved for the CIO.
REVIEW OF AcfivITIES, FUTURE STRATEGY AND PUBUC BENEFrr
The objects of the charity are as stated above, and the trustees have achleved these objects by:
financing bursarles to sbjdents and speclfic educatlonal grants
making donation5 to community welfare projects
making donations to medical research and the relief of suffering

W. ￿NG YIPAND BROTHERS FOUNDATION
TRUSTEES. ANNUAL REPORT (coKfiNUED)
GRANf.MAKING POUCY
In addfcioni grants and donations are awarded to educational institutions in the U
All these bU￿arieS and grants made a contribution to the fee5 and living experses of the St￿nts
concemed to enable them to complete their studies.
The educatlonal grants are the main focus of the charty, but donattons are also made to charftles
who are engaged In community welfare, and medical research and care for the sid< although the
charity does not make grants of a religlous nature. All these donations enable the reciplent tx)dies
to continue and improve the services offered to those In need and in this way are of public benefit.
The tru5tee5 confirm that they have referred to the Charlty Commlssion'5 gUIdan￿ on publlc benefft
when ￿VIeWIng the Foundation'5 alm and objectwe, in planning future actlvities and Setting the
grant maklng p)Ilcy for the year.
The level of athlevement of the tharlty s objectives Is monltored by the receipt of reports from the
untvetsltles, schools, communlty bodies, medlcal tharitles and other ￿CipIents confimiing how the
donations have enabled them to continue ￿ improve their servI￿s.
The Foundatlon does not fund-ra15e. It15 entlrely reliant on Income from Its investnents, whlch
conslst of freehold property leased to slttlng tenants, income from quoted Investments and Interest
re￿1Ve￿ which has Increased in the last year in Ilne wth Inte￿St rate increases. During last year
the propety was fully let. The collectlon of rents, whlch had been problematlc durlng the Gbbal
Pandenlc and the subsequent period, has impnjved during the year and is now largely up to date.
Slnce the year end two leases have expired and the tenants departed, the vacant unlts are actively
being marketsd and the Trustees are confldent they wlll be occupied in the near futsjre.
As reported last year, whilst the Trustees have been satisfied historically with the return achieved
by the property, they felt the interests of The Foundatlon would be better served by dlsposlng of It
and investing the pro￿d$ in assets Whe￿ there Is greater certalnty of re￿IVIng the Income. Havlng
obtslrEd a valuatlon last year the property was marketed and an offer accepted at the year end.
However, completion was not achieved by the appointed date and the Trustees have subsequently
decided to tske it off the market whllst they revrew the sltuatlon. The trustees have the power to
invest in such assets as they see frt.
As reported in prevlous years, the Trustees had agreed to make awards to up to four 5ttJdents at
Loughbcmugh Unlverslty fcf the duratlon of their degree course. Last year, thi5 was increased to
five students, an Increase over the normal annual number as, unfortunately, students prevlousiy
5UPPOrted had dropped out. Thls year the Trustees agreed that for 2023124 slx students would be
offe￿d support rather than the usual four.
Chinese Community Health and Wellbeing sery1￿ was supported this year wlth a donation of
£12,000 (2023 £12,000) whlch Is an organisatyon whose obj'ects are Close￿ aligned with those of
The Fiwndatlon,
The Trustees Intend to contlnue thelr Grant Making Policy that the Foundation wlll not, as a generBI
rule, support very large charitable applicants, projects and travel undertaken by Indlvidua15 or
rellglous organisatlon5. Instead, it will f¢Jcus on worthwhile, smaller charities and applicants where
the support wlll make a real dIfferen￿.

' W. WING YIP AND BROTHERS FOUNDATION
TRUSTEES. ANNUAL REPORT (CONTINUED)
As previously reported, the Trustees are mindful that the Foundatlon has conslderable reseNes and
have now intrOdU￿d a system whereby all applications are recorded, drculated and then properly
considered at Trustee meetings so that the overall level of grants belng made ￿tuM to an
appropriate level. As also reported prevlously, they continue endeavouring to identify a major
project to celebrate the 50th Anniversary of the Wing Yip Business. The COVID 19 Pandemlc delayed
progress with this, and any potentlal major projert will be considered in conjwction with the possib
disposal of the property.
FINANCIAL REVIEW
Review of Flnancial Activltles
The statement of flnandal actfvlues Is shown on page 7. During the year the ts￿stees made grants
totslllng £50,000 (2023: £97,500). Detalls of all grants made are shown on pages 11 and 12.
a result of the requlrernents of the Charltles SORP to account for grants awarded In the year In
which the pledge is Made rather than the year in whlch the grant Is pald the amount of grants shown
In the accounts can show significant fluctuatlons from year to year.
The net increase in funds for the year was £61,806 Includlng £11,961 surplus on revaluatlon of
Investments (2023: £6,365 after £4,400 deflclt on revaluatlon of investrnents).
RESERVES POLICY
The trustees consider that the level of free reserves, which are those funds not Invested In fNed
assets, should be approXImate￿ three months of expended resour￿$ which over the last years
equates to £40,000. At the year*nd retained free reserves were £498,484 (2023: £448,639) as
resu￿ of previously accumulatlng fund5 to acqulre additlonal property to provlde Income to enable
the charlty to Increase ts grants and donations. The Trustees now intend to review this policy,
together wlth the possible disposal of the property, and formulate an integrated Investment, reserves
and grant making policy going forwards. Total reserves, being free reserves plus funds Invested In
flxed a55ets, at the year-end were £1,952,481 (2023, £1,890,531).
RISK MANAGEMEKr
The trustees have asses*d the major rlsks to whlch the charfty is expo*d in relatlon to the
operation and finantrs of the trust. The main risk is ts loss of incorne from property arising fr¢Jn
tenants vacatlng their units or failing to meet thelr flnanclal commitments. This r￿k bs managed by
the use of the property department of a Wing Yip group company to manage the property and
ensu￿ that it s well-maintsined and rental payments are Monitored so that any potentlal problems
a￿ detected and remedled at an early stage. The tr￿teeS are satisfied that this and other systems
of internal control are In place to mitigate exposure to risks.

W. WING YIP AND BROTHERS FOUNDATION
TRUSTEES. ANNUAL REPORT (CONTINUED)
As stated above under Organisation, the trLSStees have rKJW incorporated The Ftyjndation as
Charltsble Incorporated Organlsation (CIO) which also forns part of their risk mitigating policy.
They are also considering the disposal of ts propetty which would substantially reduce the income
risk to The Foundation and thereby provide ￿rtaInty of the amounts available for future grant
making.
STATEMENT OF TRusfEES' RESPONSIBILITIES
The tNstees are responsible for preparing the Trustees, Report and the financial ststements in
accordance with applicable law and United Kingdom Accountlng Standards (Unlted Klngdom
Generally Accepted Accounting Practice).
The law appllcable to charlties In England and Wales requires the trustees to prepare flnanclal
statements for each financial year which give a true and falr vlew of the state of affairs of the charity
and of the Incoming resources and application of resources of the charity for that peric*J. In
preparing these financlal Statements, the trustee5 are required to:
select sultable accounting polides and then apply them Consi￿ntly1
observe the methods and principles in the Charitles SORP;
make judgements and estlmates that are reasonable and prudent;
stste whether applicable accountr'ng standards have been followed, subject to any matertal
departures disclosed and explained in the financial statements,,
prepare the financial staternents on the going con￿rn basls unless It is inappropriate to
presume that the charity will contlnue In operation.
The trustees are responslble for keeplng accountlng records that disclose wlth ￿asonable accuracy
at any time the financial p051tion of the charity and enable them to ensure that the financial
ststements comply wlth the SORP (FRS 102). They are also responsible for safeguardlng the assets
of the charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregular￿leS.
Approved by the Board of Trustees on 19 March 2025 and signed on Its behalf by:"
A.S.Y.W. Ylp
TRUSTEES
J. R. Bates, FC4, DChA

' W. WING YIP AND BROTHERS FOUNDATION
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
W. WING YIP AND BROTHERS FOUNDATION
Independent Examiner'5 Report to the Trustees of W. Wing Yip and Brothers
Foundation
I report to the charity Trustees on my examinatlon of the accounts of the charfty for the year
ended 31 July 2024.
Responsibilltles and Basls of Report
As the chartty s TnBtees you are ￿SpOnSIble for the preparation of the tlnancial statements in
accordanTr wlth the requlrements of the Charities Act 2011 Cthe 2011 Act?.
I report In respect of my examlnatlon of the charlty's accounts carrled out under sectlon 145 of
the 2011 Act and in carrying out my examlnatlon I have followed all the applicable Dlrettlons
glven by the Charity Commission under sectlon 145(5)(b) of the 2011 Act.
Independent Examlnérf$ Ststement
I have completed my examination. I can ccnfirm that no materlal matters have come to my
attentlon in connection wlth the examination giving me cause to believe that In any materlal
accountfng records were not kept In respect of the charfty as requlred by section 130 of
the Act; or
the accounts do not accord wlth those records. or
the accounts do not comply with the appllcabie requlrements concernSng the form and
content of flnanclal statements set out In the Charftles (Accounts and Reports)
Regulations 2008 other than any requlrement that the accounts glve a 'true and falrf vlew
which is not a matter considered as part of an Independent examinatlon.
I have no concerns and have come across no other matters in connettion wlth the examlnatlon
to whlch attentlon should be drawn In thls report In order to enable a proper understanding of
the financlal statements to be reached.
Peter Smith Fc￿ FC
JW Hinks LLP
Chartered Accountants
19 Highfleld Road
Edgbaston
Blrmlngham
B15 3BH
11 March 2025

W. ￿NG YIP AND BROTHERS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST JULY 2024
Unrestricted funds
2024
2023
Notes
INCOME AND EXPENDITURE
INCOME
Investment Sncome:
Rents receivable
8ank Interest receivable
Dividends recelved
Dilapidations receipts
96,230
13,832
3,092
16,500
118,875
1,271
3,375
TOTAL INCOME
129,654
123,521
EXPENDITURE
Expendlture on charltsble attlvltles:
Educatlon
Comrnunty welfare
Medlcal research and ￿lIef of sufferfng
28,000
9,000
13,000
66,000
14,500
17,000
50,000
97,500
Cost of ralsing funds
Investment management costs
Other costs
22,837
6,972
8,595
6,661
29,809
15,256
TOTAL EXPENDITURE
79,809
112,756
Unreallsed galn/(deflclt) on investhents
12,105
(4,400)
NET INCOME
61,950
6,365
Ba￿n￿ brought forward
1,890,531
1,884,166
BALANCE CARRIED FORWARD
1,952,481
1,890,531
A51 of the above transactlons relate to unrestrlcted funds.
There are no recognlsed galns or ￿sOurceS other than the net movement In funds.

.W. WING YIP AND BROTHERS FOUNDATION
BALANCE SHEEr
AS AT 31ST JULY 2024
Notes
2024
2023
xeD ASSETS
Investments
1,453,997
1,441,892
CURRENT ASSErs
Debtors
Cash at bank
22,538
86,355
500,000
17,961
170,320
400,000
current account
Investment account
608,893
588,281
CURRE14T UABILITIES
Amounts falllng due wlthln one year
110,409
139,642
NEf CURRENT ASSETS
498,484
448,639
NET ASSErs
1,952,481
1,890,531
UNRESTRIcfED FUNDS
1,952,481
1,890,531
Approved by the Board of Trustees on 19 March 2025 and signed on Its behalf by:
A.S.Y.W. Yip
TRusfEES
J. R. Bates, FCA, DChA

W. WING YIP AND BROTHERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31sr JULY 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
General Informatlon and basis of preparation
W. Wing Yip and Brothers Foundation is a charitable incorporated oryanlsatlon
registered In England and Wales.
The financlal statemerrts are prepared under the hlstorlcal cost convention as modifled
by the incluslon of investments at fair value. In preparing the financial statements the
charlty follows test wactlce as lald down in the Statement of Recommended Prattlce
'Accounting and Reportlng by Charfties" (SORP). The flnanclal statements have been
prepared in accordance wlth applicable UK Accounting Standards (FRS 102) and the
Chariues Act 2011.
The charfty constitutes a public benefrt entlty as deflned by FRS 102 and the trustee5
consider that there are no materfal untrrtalntles about Its ablllty to continue as a golng
concem.
The significant accountlng polides applied In the preparatlon of these financial
statsments are set out below. These wllcles have been conslstendy applied to all years
presented unless othe￿[Se stated.
b)
Income
Investment income includes rents r￿1Vable which are accounted for in the perlod to
whlch the charlty Is entitled, the amount can be measured ￿lIably.
Expendlture
Costs are Included on an accruals basls when there is a legal or constructive obligation
to make payments to third parties, sethement Is probable, and the obllgatlon can be
measured rellably.
Grants payable are charged In the year In whlch the offer Is conveyed to the ￿CipIent
ex￿pt In those cases where the offer Is not bindlng or Is dependent on the occurren
of another event.

' W. WING YIP AND BROTHERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31STJULY 2024
10
d)
Flxed assot investments
Investments are stated in the financial statements at market ￿dIUe, which the trustees
consider equate to a falr value and is arrived at a5 follows:
based upon the reasonable fair estirnate of the trustees
and subjett to periodrc professional valuation.
closing mid-market value at the balan￿ sheet date.
Freehold property
Quoted Investments
Debtors and credltors
Debtors and creditors wlth no ststed Interest rate and recelvable payable wlthin one
year are recorded at transaction price.
Funds
All funds are un￿StrIcted and may be.used ty trE trustees for any purpose In
fUrtherar￿ of the charltsble objectlves.
g)
Judgements and key sources of estlmatlon uncertalnty
There are no Judgements (apart from those Involvlng estlmates) that have been made
Sn the process of applylng the accountlng policles that have a significant effect on
amounts rectynised in the financial statements.
There are no other key sources of estIMa￿On un￿rtainty at the ￿portIng date that have
a slgnlflcant risk of causlng a material adjustment to the carrylng amounts of assets and
Ilabilitles within the next financial year,
h)
Cashflow Ststement
The tharty has taken advantage of the exemption in SORP not to produ￿ a cash flow
statemenL

W. WING YIP AND BROTHERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024
11
TRUSTEES AND I￿y MANAGEMENT PERSONNEL REMUNERATION
None of the trustees re￿iVeS any remuneratlon, other benefits or expenses from the
charfty.
The￿ are no employee5 of the charity and therefore no 1nd1v1d￿￿lS earnlng more than
£60,(HX) per annum.
GRANTS
2024
2023
Overseas Chlnese Assoaation School
Blrmlngham Chlnese School
Brent Chlnese Association Sch￿1
Loughborough Llnivers
3,000
4,000
6,000
3,000
3,000
54,000
21,000
28,000
66,000
Birmingham Chinese Festival Commlttee
The St Matthews Community Hall
Wolverhampton Youth Zone
Youth on the Move
The Resplte Association
ChIld￿n$ Liver Dlsease
Cltywlde Mentorlng
Sundry Donatlons to Communlty Events
2,800
700
4,000
1,000
1,000
1,000
1,000
6,500
5,500
9,000
14,500

. W. WING YIP AND BROTHERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31STJULY 2024
12
GRANTS PAID (continued)
2024
2023
edl
rch
Make Them Smlle
Home from Hospltal
chIne￿ Communty Health and Wellbelng Servlce
I￿00
5,000
12,000
12,000
13,000
17,000
Totsl grants pald
50,000
97,51M)
INVESTMENf MANAGEMENT COSTS
2024
2023
Legal and professlonal charges
Agents, management fees and other charges
Vacant property costs
Marl(eting propety
7,054
368
12,725
2,690
3,800
4,79S
22,837
8,595

W. WING YIP AND BROTHERS FOUNDATION
NOTES TO THE FINANCIAL StATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023
.13
OTHER COSTS
2024
2023
Independent Examlnatlon fee (governan￿)
Bank charges
Insurance
Legal and professlonal fees
2,400
117
3,380
1,075
2,400
3,459
706
6,972
6,66L
UNREAUSED GAXNSI(LOSSES) ON INVEsfMENTS
2024
2023
Gain l (Loss) on revaluation of quoted investments
12,105
(4,400)
Unrealised loss on Investments
12,105
(4,400)
ZNVESTMENTS
FREEHOLD PROPERTY
2024
2023
Falr value at beglnnlng and end of year
1,400,000
1,400,000
QUOTED INVEsfMENTS
Falr Val￿ at beglnnlng of year
Addltjon
Galn l (Loss) on revaluatlon
41,892
46,234
58
(4,400)
12,105
Falr value at end of year
53,997
41,892
TOTAL FIXED ASSETS
1,453,997
1,441,892
The above assets are all in the UK.

. W. WING YIP AND BROTHERS FOUNDATION
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31ST JULY 2024
14
INVESTMENTS (contlnued)
The freehold proFerty was revalued on 16 July 2022 by an external valuer, Mr Robert
Taylor, BSC, MRCtS of Stephens McBride in accordan￿ wlth the requlrements of RICS
Valuation Professlonal Stsndards 2020.
The valuatlon was on the basis of market value. The valuerfs oplnion of market val
was derived usSng recent comparable market transactions on am's length temis. The
trustees believe thls valuatlon represents a falr value for Induslon In the finandal
statements.
The quoted Investments are stated at falr value belng the quoted price at year erKI.
DEBTORS
2024
2023
Rents ￿￿1Vable
Prepayments
other debtors
10,133
11,405
1,000
10,303
4,593
3,065
22,538
17,961
CREDrroRS
2024
2023
Amounts falllng due wlthln one year:
Grants payable
Income received In advance
Accruals
Other Cred￿OrS
87,000
15,738
3,502
4,169
IIL,000
19,917
3,502
5,223
110,409
139,642

W. ￿NG YIP AND BROTHERS FOUNDATION
15
NOTES TO THE FINANCXAL sfATEMENTS
FOR THEYEAR ENDED 31STJULY 2024
10.
RELATED PARTY TRANSAcfIoNS
Durlng the year there were no related party trdnsactlon5.