Charity number: 1187265
W. WING YIP AND BROTHERS FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31ST JULY 2025

W. WING YIP AND BROTHERS FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
TRUSTEES
Ms. J. Loynton
B.1. Ylp
A.S.Y.W. Yip
J.R. Bates
E. Yap Resigned 10 April 2025
D.S.S.W. Ylp
S, Munputkul
CHARITY
REGISTRATION NUMBER
1187265
PRINCIPAL OFFICE
375 Nechells Park Road
Nechells
Blrmingham
B7 5NT
Independent Examiner
Peter Smith FCCA, FCA.
JW Hlnks LLP
Chartered Accountsnts
19 Highfield Road
Edgbaston
Birmlngham
B15 3BH
BANKERS
Barclays Bank PLC
PO Box 5960
I Snowhill
Snow Hill Queensway
Bimiingham
BX3 2BB

W. WING YIP AND BROTHERS FOUNDATION
TRUSTEES, ANNUAL REPORT
The trustees present their report and the financial statements for the year ended 31st July 2025.
Legal and administrative information set out on page I forms part of thls report.
The Foundation is a registered charity, number 1187265, and is a charitable incorporated
organisation governed by its constitution dated 8 January 2020.
Prlor to the reglstration 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 charity subsequently closed.
The objects of the charity are the relief of poverty, sickness and old age, and the advancement of
education and religions.
The flnanclal statements have been prepared In accordance with the accounting policies set out in
note I to the accounts and comply wlth the charity's constltution, the Charities Act 2011 and
Accounting and Reportlng by Charities: Statement of Recommended Practice applicable to charitles
preparing their flnanclal 5tstements In accordance with the Financial Reporting Standard appllcable
in the UK and Republlc of Ireland (FRS 102) and UK Generally Accepted Practice.
ORGANISATION
The first trustees appolnted by the sponsor under the terms of the Trust Deed were W. Wlng Y5p
and his ￿0 brothers (family tru5tee5) and two non-family trustees. On a vacancy occurring, a new
trustee may be appointed by the remaining trustees. The number of trustees may be increased at
the discretion of the trustees to include the descendants of the first named famlly trustees (or such
other family members as the Famlly Trustees shall from time to tlme declde) provided that the
number of family trustees does not exceed ten persons. There must always be a majority of Family
Trustees, a minimum of three trustees includlng one non-family trustee and a maximum of ￿e5ve
trustees.
The trustees who have held offlce throughout the year are Ilsted on page l.
As reported in previous years, the Foundation has been Incorporated Into a Charitable Incorporated
Organisation (CIO). The Incorporation was used as an opportunlty to review and update the
governing documentstion to reflect a more current constitutlon and thls has been achieved for the
CIO.
REVIEW OF AcrIvrrIES, FUTURE STRATEGY AND PUBLIC BENEFIT
The objects of the charity are as stated above, and the trustees have achieved these objects by:
financing bursaries to students and specific educational grants
making donations to community welfare projects
making donations to medical research and the rellef of suffering

W. WING YIP AND BROTHERS FOUNDATION
TRUSTEES, ANNUAL REPORT (CONTINUED)
GRANT-MAKING POLICY
In addition, grants and donations are awarded to educatlonal Institutlons In the UK.
All these bursaries and grants made a contribution to the fees and living expenses of the students
concerned to enable them to complete their studies.
The educational grants are the maln focus of the charity, but donations are also made to charities
who are engaged in community welfare, and medlcal research and care for the sick although the
charity does not make grants of a religious nature, All these donations enable the recipient bodies
to contlnue and improve the services offered to those In need and in this way are of public benefit.
The trustees confirm that they have referred to the Charity Commission's guldance on publlc benefit
when reviewing the Foundatlon's a5m and objective, in planning future activities and setting the
grant making pollcy for the year.
The level of achlevement of the charlvs objectlves Is monltored by the recelpt of reports from the
unlverslties, schools, community bodles, medlcal charlties and other recipients confirming how the
donations have enabled them to continue or Improve thelr services.
The Foundatlon does not fund-raise. It Is entlrely rellant on income from Its Investments, whlch
consist of freehold propety leased to slttlng tenants, income from quoted Investments and Interest
received whlch remalned constant In the last year in line with Interest rates. Towards the end of
the financlal year surplus liquid resources were deposited with a platform whlch, it is hoped, wlll
provide a better rate of return together wlth the flexibility requlred by the Trustees. The vacant
unlts reported In last year's accounts have once agaln been let and, going forwards, the property
should be fully let. The collectton of rents Is now up to date.
As also reported last year, the Trustees have now resolved to keep the propety rather than sell It
and relnvest the proceeds In other assets, Whllst it Is unllkely thls decision will change In the
foreseeable future, the Trustees will maintain a revlew of all Its assets and make declsions based on
the prevailing circumstances at the time. The trustees have the power to Invest In such assets a5
they see flt.
As reported in prevlous years, the Trustees had agreed as a basic to make awards to up to four
students at Loughborough Universlty for the duration of their degree course. In 2022123, this was
increased to five students, an Increase over the normal annual number as, unfortunately, students
previously supported had dropped out. Last year the Trustees agreed that for 2023124 six students
would be offered support rather than the usual four and for the current year 2024125 have also
agreed to offer support for six students.
The Trustees intend to continue their Grant Making Policy that the Foundation will no¢ as a general
rule, support very large charitable applicants, projects and travel undertaken by Indlviduals or
religiou5 organisations. Instead, it will focus on worthwhile, smaller charities and applicants where
the support will make a real dlfference.

W. WING YIP AND BROTHERS FOUNDATION
TRUSTEES, ANNUAL REPORT (CONTINUED)
FINANCIAL REVIEW
Review of Financial Activities
The ststement of financial activities is shown on page 7. During the year the trustees made grants
totslllng £86,755 (2024: £50,000). Details of all grants made are shown on pages 11 and 12.
As a result of the requirements of the Charities SORP to account for grants awarded in the year in
which the pledge is made rather than the year in which the grant is pald the amount of grants shown
in the accounts can show significant fluctuations from year to year.
The net decrease In funds for the year was £5,089 including £17,905 deficit on revaluation of
Investments (2024.. surplus £61,950 after £12,105 surplus on revaluation of investments).
RESERVES POLICY
The trustees conslder that the level of free reserves, which are those funds not invested in fixed
assets, should be approxlmately three months of expended resources which over the last years
equates to £40,000. At the year-end retalned free reserves were £511,300 (2024: £498,484) as a
result of prevlously accumulating funds to acquire additional property to provide Income to enable
the charity to Increase its grants and donatlons, The Trustees continue to review this pollcyi together
wlth the posslble changes of the property, and formulate an Integrated Investment, reserves and
grant maklng pollcy golng forwards. Total reserves, belng free reserves plus fijnds invested In fixed
assets, at the year-end were £1,947,392 (2024,. £1,952,481).
RISK MANAGEMENT
The trustees have assessed the major rlsks to whlch the charlty Is exposed In rela￿On to the
operatlon and finances of the trust. The maln rlsk Is the loss of Income from propety arlslng from
tenants vacatlng thelr unlts or falllng to meet thelr flnanclal commltments. Thls rlsk Is managed by
the use of the propety department of a Wing Yip group company to manage the propety and
ensure that it is well-maintained and rental payments are monitored so that any potential problems
are detected and remedled at an early stage, The trustees are satisfied that this and other systems
of internal control a￿ In place to mitigate exposure to rlsks.

W. WING YIP AND BROTHERS FOUNDATION
TRUSTEES. ANNUAL REPORT (CONTINUED)
As stated above under Organisation, the trustees have now incorporated The Foundation as a
Charitable Incorporated Organisation (CIO) which also forms part of their risk mitigating policy.
They are also considering the disposal of the propety which would substantially reduce the income
risk to The Foundation and thereby provide certainty of the amounts available for future grant
making.
STATEMENT OF TRUSTEES, RESPONSIBILrrIES
The trustees are responsible for preparing the Trustees, Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practlce).
The law applicable to charities in England and Wales requires the trustees to prepare financial
ststements for each financial year which give a true and fair view of the state of affairs of the charity
and of the incoming resources and application of resources of the charity for that perlod. In
preparlng these financlal statements, the trustees are required to..
select suitsble accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make Judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financlal statements;
prepare the financial statements on the going concern basls unless It Is Inapproprlate to
presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records that disclose with reasonable accuracy
at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the SORP (FRS 102). They are also responsible for safeguarding the assets
of the charity and hence for taklng reasonable steps for the prevention and detection of fraud and
other Irregularities.
Approved by the Board of Trustees on 12 March 2026 and signed on its behalf by'.-
A.S.Y.W. Yip
TRUSTEES
J. R. Bates, FCA, DChA

W. WING YIP AND BROTHERS FOUNDATION
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
W. WING YIP AND BROTHERS FOUNDATION
Independent Examlnerfs Report to the Trustees of W. Wing Yip and Brothers
Foundation
I report to the charity Trustees on my examination of the accounts of the charity for the year
ended 31 July 2025.
Responsibilities and Basis of Report
As the charitys Trustees you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 Cthe 2011 Act,).
I report In respect of my examination of the charlty's accounts carried out under section 145 of
the 2011 Act and in carrying out my examination I have followed all the appllcable Dlrectlons
glven by the Charity Commission under section 145(5)(b) of the 2011 Art.
Independent Examiner's Statement
I have completed my examination. I can confirm that no material matters have come to my
attention in connection with the examlnation glving me cause to belleve that in any materlal
respect..
accounting records were not kept In respect of the charlty 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 applicable requirements concerning the form and
content of flnancial statements set out in the Charities (Accounts and Reports)
Regulations 2008 otherthan any requirement that the accounts give a'true and fair, view
which is not a matter consldered as part of an Independent examlnation.
I have no concerns and have come across no other matters in connection with the examinatlon
to which attention should be drawn in this report in order to enable a proper understanding of
the financlal statements to be reached.
Peter Smith FCCA, FCA.
JW Hinks LLP
Chartered Accountants
19 Highfield Road
Edgbaston
Birmingham
B15 3BH
12 March 2026

W. WING YIP AND BROTHERS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST JULY 2025
Unrestricted funds
2025
2024
Notes
INCOME AND EXPENDITURE
INCOME
Investment income:
Rents receivable
Bank interest receivable
Dividends received
Dilapidations
102,881
13,738
2,646
96,230
13,832
3,092
16,500
TOTAL INCOME
119,265
129,654
EXPENDITURE
Expenditure on charitable activities..
Educatton
Community welfare
Medical research and relief of suffering
56,769
28,186
1,800
28,000
9,000
13,000
86,755
50,000
Cost of raising funds
Investment management costs
other costs
13,814
5,880
22,837
6,972
19,694
29,809
TOTAL EXPENDITURE
106,449
79,809
Unrealised (deficit) / gain on investments
(17,905)
12,105
NET INCOME
(5,089)
61,950
Balance brought forward
1,952,481
1,890,531
BALANCE CARRIED FORWARD
1,947,392
1,952,481
All of the above transactions relate to unrestrirted funds.
There are no recognised gains or resources other than the net movement in funds.

W. WING YIP AND BROTHERS FOUNDATION
BALANCE SHEET
AS AT 31ST JULY 2025
Notes
2025
2024
FIXED ASSETS
Investments
1,436,092
1,453,997
CURRENT ASSETS
Debtors
Cash at bank
8,839
122,410
503,355
22,538
86,355
500,000
current account
investment account
634,604
608,893
CURRENT LIABILITIES
Amounts falling due within one year
123,304
110,409
NET CURRENT ASSETS
511,300
498,484
NET ASSETS
1,947,392
1,952,481
UNRESTRIcfED FUNDS
1,947,392
1,952,481
Approved by the Board of Trustees on 12 March 2026 and signed on its behalf by:
) A.S.Y.W. Yip
TRUSTEES
J. R. BATES, FCA, DChA

W. WING YIP AND BROTHERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2025
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
General information and basis of preparation
W. Wing Yip and Brothers Foundation Is a charltable incorporated organisation
reg15tered in England and Wales.
The financial statements are prepared under the historical cost convention as modified
by the inclusion of investments at fair value, In preparing the financial statements the
charlty follows best practice as laid down in the Statement of Recommended Practice
"Accounting and Reporting by Charltles" (SORP). The financial statements have been
prepared in accordance wlth applicable UK Accounting Standards (FRS 102) and the
Charities Act 2011.
The flnancial statements have been prepared to give a "true and falrf, vlew and have
departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent
required to provide a "true and fair view"
This departure has Involved following the
SORP rather than the Accounting and Reporting by Charltles: Statement of
Recommended Practice effective from l April 2005 whlch has since been withdrawn.
The charity constitutes a publlc beneflt entity as deflned by FRS 102 and the trustees
consider that there are no materlal uncertainties about Its ability to contlnue as a going
concern.
The slgnificant accounting pollcles applied In the preparation of these financial
statements are set out below. These policies have been conslstently applied to all years
presented unless othemlse stated.
b)
Income
Investment income Includes rents receivable which are accounted for in the period to
which the charity is entitled, the amount can be measured reliably.

W. ￿NG YIP AND BROTHERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2025
10
Expenditure
Costs are included on an accruals basis when there is a legal or constructive obligation
to make payments to third parties, settlement is probable, and the obligation can be
measured reliably.
Grants payable are charged in the year in which the offer is conveyed to the reciplent
except in those cases where the offer is not binding or is dependent on the occurrence
of another event.
d)
Fixed asset Investments
Investments are stated in the financial statements at market value, whlch the trustees
consider equate to a fair value and is arrived at as follows:
Freehold property
based upon the reasonable fair estimate of the trustees
and subject to perlodlc professional valuation.
closing mid-market value at the balance sheet date.
Quoted Investments
Debtors and credltors
Debtors and creditors wlth no stated interest rate and recelvable payable wlthln one
year are recorded at transactlon price.
Funds
All funds are unrestricted and may be used by the trustees for any purpose in
furtherance of the charitable objectives.
g)
Judgements and key sources of estimation uncertainty
There are no judgements (apart from those involving estimates) that have been made
in the process of applying the accounting policies that have a slgnificant effect on
amounts recognised in the financial statements.
There are no other key sources of estimation uncertainty at the reporting date that have
a significant risk of causing a material adjustment to the carrying amounts of assets and
liabilities within the next financial year.
h)
Cashflow Statement
The charity has taken advantage of the exemption in SORP
not to produce a cash flow statement.

W. WING YIP AND BROTHERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31sr JULY 2025
11
TRUSTEES AND KEY MANAGEMENT PERSONNEL REMUNERATION
None of the trustees receives any remuneration, other benefits or expenses frorn the
charity.
There are no employees of the charlty and therefore no individuals earning more than
£60,000 per annum.
GRANTS
2025
2024
Overseas Chlnese Associatlon School
Blmilngham Chlnese School
Loughborough Universlty
Metroland Cultures Llmlted
3,000
3,000
4,000
21,000
52,769
1,000
56,769
28,000
Al
Birmingham Chinese Festival Committee
The St Matthews Community Hall
Wolverhampton Youth Zone
The Birmingham Hippodrome Theat￿ Trust
Crackerjacks Childrens Trust
Brent Chinese Association
Sundry Donations to Community Events
2,000
2,800
700
2,000
10,000
186
6,000
8,000
5,500
28,186
9,000

W. WING YIP AND BROTHERS FOUNDATION
12
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31STJULY 2025
GRANTS PAID (continued)
2025
2024
Medical Research and Relief
Make Them Smile
Community Safe CIC
Chinese Community Health and Wellbelng Service
1,000
800
1,000
12,000
1,800
13,000
Total grants paid
86,755
50,000
INVESTMENT MANAGEMENT COSTS
2025
2024
Legal and professional charges
Agents, management fees and other charges
Vacant propety costs
Marketing property
8,160
5,654
7,054
368
12,725
2,690
13,814
22,837

W. WING YIP AND BROTHERS FOUNDATION
13
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2025
OTHER COSTS
2025
2024
Independent Examlnatlon fee (govemance)
Bank charges
Insurance
Legal and professional fees
2,400
269
3,211
2,400
117
3,380
1,075
5,880
6,972
UNREALISED GAINS/(LOSSES) ON INVESTMENTS
2025
2024
Gain / (Loss) on revaluation of quoted investments
(17,905)
12,105
Unrealised loss on Investments
(17,905)
12,105
INVESTMENTS
FREEHOLD PROPERTY
2025
2024
Fair value at beginnlng and end of year
1,400,000
1,400,000
QUOTED INVESTMENTS
Fair value at beginning of year
Addition
Gain / (Loss) on revaluatlon
53,997
41,892
(17,905)
12,105
Falr value at end of year
36,092
53,997
TOTAL FIXED ASSETS
1,436,092
1,453,997
The above assets are all Sn the UK.

W. WING YIP AND BROTHERS FOUNDATION
14
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31STJULY 2025
INVESTMENTS (continued)
The freehold propety was revalued on 16 July 2022 by an external valuer, Mr Robert
Taylor, BSC, MRCIS of Stephens McBride in accordance with the requirements of RICS
Valuation Professional Standards 2020.
The valuation was on the basis of market value. The valuers opinion of market value
was derived using recent comparable market transactions on arm's length terms. The
trustees belleve thls valuatlon represents a fair value for inclusion in the financial
statements,
The quoted Investments are stated at fair value being the quoted price at the year end.
DEBTORS
2025
2024
Rents recelvable
Prepayments
Other debtrirs
15
3,500
5,324
10,133
11,405
1,000
8,839
22,538
CREDITORS
2025
2024
Amounts falling due within one year:
Grants payable
Income received in advance
Accruals
other creditors
93,000
20,314
3,502
6,488
87,000
15,738
3,502
4,169
123,304
110,409

W. WING YIP AND BROTHERS FOUNDATION
15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2025
io.
RELATED PARTYTRANSACTIONS
During the year there were no related party transactions.