REGISTERED CHARtTY NUMBER: 1196057 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FOR YELLOW WOOD FOUNDAI"ION PJE Chartered Accountants 2 Oakfield Road Cliftun Bristol BS8 2AL YELLOW WOOD FOUNDATION CONTENTS OF THE FI￿.1￿CIAL STATEMEYrs FOR THE YEAR ENDED 30JUNE 21124 Page Report of the Trnstees I to 8 Statement of Financial Activities Balance Sheet 10 Notes lo the Fln4nclg1 Si4tements 11 ￿ 15 YELLOW WOOD FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The tnjs'tees present their retX)rt with the r]nancial sthtements of the ctwity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and RqK)rling by CE￿itieS.. Statement of Recommended Practice applicable lo charities preparing their accow]Ls in accordance with ihe Financial Reporting Standard applicable in ihc UK and Rcpublic ollrcland (FRS 1021 {eff￿lIve l January 20191. o￿F.CTvvEs AND AcfiviTIES ObJeetlves and alms Th¥ objccliv¢ of thc CIO is th¢ advancctncnt of such objccLs or purpo.￿ which arc exclu￿l%'¢IY charitable according to thc law. of England and Walcs in any pan of ihc M'orld and in such manncr as thc Trustccs may in their absolute discretion think fit. The Yellow Wood Foundation Trus¢ees review the aims. obje¢iiv¢s and a¢iivities of the ¥harity eatih yeor. The Yellow Wood Foundation charity re¥ularly rv'iews the succeks of key aclivities and ihe benefits the chariiy has brought io those groups of Feople thal it is sei up to help. These reviews also help the Yellow W(x)d Foundaiion Ttusiecs ensure ihc charity's aims. objcciil'es and aciiviiics remained focused on irs stated purposes. This rep)n refl¢¢is on whai th¢ chariry has achieved and th¢ oui¢omes of its work in th¢ reporting pcriud. The trustee% have refetTed 10 the gTuidance coniained in ihe Chariiy Commi&sion'% general g?uidance on public benefit when reviewinby (he Lhariiy's aims and objeciives and in planningy its fuiure aciivitics. In pdrticular. the tru8i¢e4 ¢on%id¢r how planned a¢iii'iii¢s will ¢ontribui¢ io ihe aims and obj¢¢iiK'eq thai liai'¢ b¢¢n set. Publlc beneflt 'rh¢ 'I-nI￿tL¥￿ ¢onfirn) thai they have Complied with their duty io hav¢ due regard to th¢ guidan¢¢ on publi¢ bcncfit publibhcd by thc Charity Commission in cxcrcising thcir Fowcrs and dutics. Yellow Wood Foundation I"YIVF"I delivers public benefit by 8tralegically providing financial support to oth¢r r¢&Ji61¢r¢d ¢hariti¢s working dirtrtly io improv¢ Iiv¢s. rharitabl¢ QLL5¢5 and famili¢s facing l)ardship. Our approach is lo id¢ntify and support organisations thai d¢monslrai¢ a clear coininiiment to d¢liN'ering tangFible benefits to the public. The Trnstees undertake a thorough iksessment of potential recipient charities. considering their charitable objcrtivcs, track rcrord. govmancc. and thc potcntial impart of donation on thc public kn¢fit th¢y provid¢. This cnsurcs thal our funding 15 dircctcd cffcctiv¢ly and Conlribuics to mcaningful outcomcs for th¢ wider community. Page I YELLOW WOOD FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 OWECTIVES AND AcfIviTIES Grantmaking lil Yellow WINKI Foundation is govemed by a CIO Foundaiion constilulion. The constilulion allowg ihe Trust¢¢s to usc th¢ whol¢ or any part of th¢ fimd lincom¢ or capital) for such l¢kTall) charitabl¢ pu]poses as thc Trustccs in thcir absolutc di5crction think fit. lil) Yellow Wood Foundaiion has no Pem)aneni Endowmeni (funds that legally musi be retained) or Restricted Funds {funds ihai must be applied for a specific purpose). lili) The Trustces will have due regard io the provisions of the Charities Aci 2011 and ihe Guidance publications ofthe Charity Commission. livl Th¢ LU￿n¢ strategy is for the Foun(tstion ¢apithl to be inves*d to generate in¢om¢ whi¢h will be di.8lributed a% ¥TanLs. Th¢ size of these will ordinarily be in the ran¥e £500-£501K) bu¢ this is al the di8cretion of the Trustees and applications will be considered case by case. Iv) The impa¢( ofgrants will be monitored by th¢ trustees through reports provid¢d by thos¢ organisations in re¢¢ipl uf &rran¢s. Ivil Application% for grani% musi be made in wriiing and infom￿lion must be provided by applicanL% in the fomi db)rcLd by th¢ Tru5te¢s from lim¢ io lime. GranLS will bc appn)v¢d by lh¢ Trust￿5. quorum of iw'o. Iviil In Crtcd a woman with hcr CV oker scvcral wccks. hclpcd hcr Prcparc for an interview, and she got the jobl Ongoing outlwk: Sadly, we have seen more women returning to streel sex-work due lo the rising cost of livinb. Of ihose who had exited streei sex-work for 3 monihs. 91f/iu r￿Urned {vs 390/. last yearl. This grant helped us en sure we can be there for women when they need us most. Borderlands- charity supporting migrant women Grant 111.. £3,000 Page 3 YELLOW WOOD FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 This ￿nt enabled us to njn free weekly iheatre sessions for migrdnt women (refugees and asylum seekers}. The wiorkshops focused on bringing women iogether. building their confidence through a range of different activitie￿ including theatre gTatne% improv, movement, e￿￿emble buildin& dra￿,]ng and visual arts, a "watch party" and more. Women were ini'ited to bring their talents, skills and ideas along and these helped fomi the dircction of the workshops. This group had a particular inicrcst in as a way of building relationships and connecring to iheir own culwres and home. Uliimarely. this was ihe theme of the final 'sharing' in which we invited members of the communily 10 come and take pan in a ￿.￿rkshOp and share 8 delicious me41 altogcther. We also took participanis on thrcc culturdl trips. This was rcally imw)rtant trx)th to inspire and dcvclop ihcir owi work. bui also io enable them io engage with theatre in iheir city- We ￿'ent to Arabian Nighrs at the Old Vi¢ ￿Trnd SLidafes1. 8 ¢elebraiion ofsudanese ¢uliur¢. In thi% pri)jcLt, wc workcd w'ith 29 di11c￿￿t M'omcn from 16 diffcrcnt Lountrics. Thc Ycllow Wood grdllt cnablcd us to fund thcse actii'ilics through practitioncr fccs, ￿Ls travcl and food for ihc participants. On&wolng outlook: Our cownmunity is growin¥, with more migrani womcn cnquirin¥ about joining,. Wc arc Iwking to continue the group by Tunning more w'ork.shops. wilh different practilioners coniing in with a wide ranb?L of skills. W'L arc also encouraging panicipants io lead iheir own acii¥itics so thai uliiinatcly we can be a fully membcr-lcd bin)up. To support this. we wani io rnn facilitsior training days open (o any mibirant women in Bri%lol, with the long-ieTwn aim of in¢reasing a¢cess and repre4eniaiion in ihe Lreaiive indu4lrie%. Alonbiside this, we will Loniinuc dcvcloping our Lrcalii'c idcas and Lrcalc A Tdstc ol. BclL)iig?ing Iworkiii titlcl. a pcrlormance piece Ihat will bringp ditTLreni communiiies iogicihcr over fixyj. Sclf-lnjurv Support (Jfrant has been spent on key dcvelupmeni ar¢as covering an organisational devLlopineni ddy, pulley UtxJat¢s ttnd fundraI￿lng support. W¢ und¢rtook an organisation21 d¢i'¢lopm¢ni day in Mar¢h 2n24 (o fo¢us on que4tions, hopes and fears for the urKOlning year of activity. We al%0 focu%ed on celebrating whal we hai'L dLhiLvcd in the pas1 yLar and what w'c value in our Lollcabiucb whiLh staff rcportcd as bLillb, bLmLfiLial to wcllbLinbV and cohcsion. From this scksion we hai'c been able lo dcvclop an aclion plan for ￿l¢C and organisalion21 development infomed by the whole team. Since thi￿ session we have used the remainder of the granl to support statT time updating policies and procedurLb highlibhicd on the dLILlopmcni day as in neLyJ of rci'icw ¥uch as clarifvinb flcxiblc working and ovLrtimc policiLs. Thi.% h&¥ Nupported staff in managing their time and workload during a very b￿$Y pcri<)d of 'olunte¢r rwrLhitm¢ni and training. Additionally. the grant has suptx)rted staff timc to dcvelop funding bids for the further development of our groups programme with three bids to the value of £25.(KK) submilted. Teen Enterprise UK Grant.. £5.000 The grant from the Yellow Wood Founda(ion was speni on ihe accommodation and fiMxI for our'A Touch of Fr¢¢dom' ￿tr¢at. 'A Touch of Freedom, was an iniiiatiye to thke st￿￿1]ng and ai-risk youths on a weeklong retreat to improve their emoiional wellbeing and em]M)wer them in their day-tIHlay lives. Page 4 YELLOW WOOD FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The retreat. which tiM)k place ihis past Augusi. was an &8tounding success and had an immense impact on the P¥￿iCIp1￿[s lives. Their time together losiered a sense of brotherliness amongst patlicipants, providing them with the support network they crdve. The youihs were int1￿ with a neM' 8ense of pury)08e with ￿.hICh to face their challenging lii'es and are empowered to build a tKTrSitive future as respectable and worthy r*ople. At the retreat users connecied w'ith the meniors on sire and have creared valuable. l&sting relaiionships that have eontinued 10 benefit them ei'en after the reireai is over. The grant you gave has 4erved &5 a catalyst for growth and healing amongsl our disadi'antaged beneficiaries and wc at Tcen Enicrprise arc forcvcr grdicful for the pan you'vc played in iransforniing rheir livcs. BordeTland5- Charlty supporting migTant women Grani #2.. Ll.000 'rhe grani allowed us io theatre workshops for 26 migranr women in Bristol. providing an invaluable opportunity for them to build Lonfid¢n¢e WOTk on new skillg. We Inixed ini¢m#ll}' l¢d sessiolls with thosc ILd by &yucs¢ facilitators {also mi¥rant womcnl. includingy in art. dancc and singiingJ amongyst oilicrs. The grant ￿'aS uscd to bring in staff and gucst facilithiors. removc common batTicrs to acccss such as travel expLnsLg. and pro¥'idc refrc.ghmenis so participanis were noi missing mLals 10 aiiend. li allowed uq io brinb in a run￿Te of voice% 47nd per%pe¢tive%. opening parficipanis up io a diverse range of cla55es and per4pec¢ive% nL)t bL'ingT lcd bolcly by Burderlands. staff mcmbcrs. OnRoin% imp4cI: The grant provide(l invJluable grounding (or us ¢0 LTrrow our proLirAinine. allowing? us 10 show, boih nLLd and cnihusiasm amongFsI our service uscrs. On thcsc foundations wc havc now taster 8es.%ion% in asylum hotels, started a crvative leadership for w'on)L￿ Iraining cour%e and exciiingly also pavLd the way for us to run a pcrforniance happening in April called Taslc,. mixinbtr ihc skills and iniercst purti¢ipanis gain¢d oi'¢r th¢ months into a dynamie and i'aricd shom.. This h&s b¢¢n inad¢ po$8ibl¢ ihrough the %labilily a nd opportunity allowed through the granl from Yellow Ivood. Page 5 YELLOW WOOD FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30JUNE 21124 FINANCLIL REVIEW Financial position Tots)l inLoming regources foi the year amounied 10 £14,709. representing an increase from £13,321 in ihe previous ye￿. This gro￿th was primarily dn"i'¢n by an incr¢asc in invcsttn¢nt incom¢, which ros¢ fro £13,-l17 in 202.3 to £14.7t)6 in thc currcni yrar. Thc tThsiccs arc saiisficd with thc Ici'cl of incomc gcncratcd during the year. which has allow'ed the Charity to continue its charithble objeciives. Total rcgources expended during the year amounted io L21.516, an Incr&￿ compared 10 £10,360 in ihe year cnd¢d 30 Jun¢ 2023. This incr¢as¢ is primarily altributhbl¢ ¢0 a .substan¢ial ris¢ in gyranLs to institution%. which incrcascd from £8.5(X> in 2023 10 £19.(￿ in ihc CUTrcnl ycar. This rcflccts thc tTUStccs' coininiimcnt to supponing chariiable activities in line wilh the Chariws objeciives. Inv¢stmen¢ management ¢osts r¢la¢ing 10 w)rtfolio managemeT]t also saw an increase, riging from Ll.410 to The c.harity experienced significani gains on inv¢sffticnis of £40.659 during ihc year ¢nded 30 Junc 2024. a subsiantial iumftround from th¢ losses of £18.503 rep)rt¢d in ihe pr¢K'ious y¢ar. This posiiive ini'¢stm¢nl pcrfuTman¢¢ hab 5i&rnifi¢ynily impact¢d the uvernll financial EKTrsilion vf the Churily. Overall, the Charity achieved a net income of £33.852 for the year ended 30 June 2024. a con%iderable improvcment Lompared io (he nei expenditure of £15.542 in ihe previous year. This posiiivc rcsult has lcd io an iner¢28e in the C'.hariiy'.% ioial funds (all of which are unre.8iri¢iedl from L476,YIIO 91 30 June 2023 10 £510.832 at 30 June ?0?4. This sirengthening of the Chari￿s financial base will provide greaier capacity for future charitablc aclii'itics. The balanee shcet shows (hai the charity's principal asset is its invesimcnts, which incre4scd froin £460,8111 in 2n2.3 10 £495.475 in 2n24. r¢flc¢iing th¢ positii'¢ inv¢stm¢nt gains. Thc Charity 21s0 holds a h¢alihy l¢v¢l of ca%h al bank of £16,85012023.. £17.7501. providing suificieni liquidity for ILS iinmediate need4. The total net asscLs of Ihc Charity ai 30 June ?024 arc £510.1132. all of H,hich arc unrcslrictcd funds. Thc tllLStee4 consider this level (>f re5er%'e$ 10 be appropriaie to enable ihe Charity to meet 114 onbToin8 charitable obj¢ctlVC5 and to provid¢ a (kgrcc of financial stability for futur¢ act]￿l11C5. Th¢ trustCC5 will continuc to review the Charity's reserves FrfTrlicy to ensure it remains adequale in light of the charity's slrategic plans and potential fulurc risks. Princip41 funding source5 ThL trL151LLS arL b￿alLIu1 for the foundation gifi from Tilehouse Trus( in the fonn of investmenis held with Heritage Capital Investments which ai 30ih June 2024 were i'alued at £495,47S (2023.. £460.818}. Page 6 YELLOW WOOD FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 FINANCLIL REVIEW Investment polic>. and objectives lil Investment decisions will be iaken by the Tnjsiees. quorum of iwo. It IS L￿nsIdered necesgary io appoint an inv¢strncnt tnanag¢r to invcst th¢ fill￿S according to th¢ stratcgyic aims of th¢ Trustecs. (li) The overall investment objeciive is to generaie an aErt)ipe averdge net annual income {the current targei is 3.50/￿> and lai leasil presetvaiion of capiial in rel< l lern￿. liiil Incom¢ froni individual invc4tm¢nLs 18 cxpccted quart¢rly or half-ycarly lo ¢nablc the Tru8t¢cs to distributc granis biannually. livl The Trustees recognise thai invesimeni involves risks and ihey iniend ro miiigate ihese by: spre￿ding￿ risk beiw¢en inN'esimenls le&F lo aLhi¢ve a &y¢ugrdphi¢al and seLtordl spr¢dill spreadingT ri%k within ini'e4tments by usin¥ p(x)led funds) having regard to liquidiry Ithe timcscale wiihin which the iiivestments can bc sold) usinb? sierlinb) as (he base eurrcncy of ihe invesimeni ponfolio Ibui li is recognisLMI ¢hat underlying invesimenLs may have currency exposure and thu8 curr¢n¢y risk) - no murc ¢hun one ¢hird u( th¢ invesltn¢nl p¢)rtfoliu being repr¢senied by any one individual inv¢stmcnt The TnLStee% regard their overdll risk appetite as medium. Iv) Uninv¢si¢d funds lin¢luding income held pending 8rani disiribuiion or fvnds pending re inv¢slmenil are ¢0 be held in an interesl-bearing deFN)sil account. Ivil Regarding any Resiriclions and Ethical Screening of investmenLS. the TnLSttts do not wi.sh to udopt an ¢xelusionary poli¢y. bui individual inv¢sim¢nts may b¢ ¢x¢luded for any r¢ason. Iviil Reports from individual investsnents ivill k reviewed they become available. quarterly or half-yLarly. ThL ovcrall investmcnl wnfolio will re%'iLwed annually and this will inLludc a rcview of PLrfornian¢L, ri4k profilc and compaiibiliiy with the TnLSI'S objcciives. Re5eri'es pollcv The Lharily's Lurreni inl'eslment policy is to invesi the capital belonging to the chariry and distribute income as grdntb. Thc trustCC5 monitor thc valu¢ of th¢ capital invcstmcnt at Cach m¢¢ting of thc board. Th¢ Charity ha5 no cmployccs or costs othcr ihan profcssional fccs of accountancy and invcstmcnt managcmcnt. ThcTC IS no foreseeable scenario in which ihe capital investment value would be insufficient to meet these oblibFations. so the tNsices do noi have a defined reserves tK)licy. As at 30 Jun¢ 2024, the Charity's unresthctd r￿r¥￿ 5t(KKI at £510,832 (2023.. £476,980). Th¢ Trust¢¢$ considcr thi5 Icvcl to ￿ abovc thc targct Icvcl. The TNstees believe that maintaining reserves al this level will provtde sufficieni financial resilience to engure the Lontinuity of the Charity's aLtivities and enable li io rewnd to unforeseen circumgtances. No rcstrictcd funds wcrc hcld by thc clwity ID thc Y￿r. Page 7 YELLOW WOOD FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 FINANCLIL REVIEW Going concern The Trngtees hai'e ￿SesSed ihe Chatilv's abilily 10 colliinue L% a going conLern and have a reasonablL ex￿¢tatiOn that the CFwity has ad¢quat¢ rwurtts to continu¢ its op¢ratioiial activiti￿ for th¢ for¢s¢cabl¢ futurc. For this purposc, Ihc forcsccablc futurc is considcrcd to a ￿riod of at Icast onc ycar from thc datc of approval of ihese financial sraiements. The Trustees have considered the Charily's curreni financial p)silion. lis key risks and uncertainiies, and futur¢ plans. Ba￿￿ on this &ss¢sstn¢nt, thcr¢ arc no malcrial uncertainl1￿ rla¢cd to ¢vcnt% or condition8 that may cast signifiLant doubt aEKbut thc Charity's ability io continuc as a going conccm. STRUCTLRE, COVERNANCE AND MAt%AGEMENT Recrultment and appolntmeni of new trustees Apdrt Irom thc lir5t charity tNstccs, every charity trnstcc mus1 bc apFK)inicd by rcsolution of thc mcmbers. In %elecling the individuals for ap￿}Iniment as chariry In￿leeS. Ihe members must have regard to the skills. knowl¢dg¢ and cxp¢ri¢nL¢ nc¢d¢d for th¢ ¢lTc¢iivc administralion of th¢ CIO. REFF.RF.P*CE AfiD,IDMIYISTIL4TIVE DETAILS Ri%1istc'r￿ Charit>. number 119(1057 Principal address Riiida C()ttil&JL BJikw¢ll Common Backw¢ll Bristol BS4113AD Tru5tee5 Mr T BiddlL Mrs E C Biddle Mr5 L Glcnn Investment advlsers HcrilagFe C.'apilal Managcm¢nt Broadway House Tothill Street London SWIH 9NQ Approved by order of the iKtrard of trnstee5 on........................................... . and signed on its behalf by- Mr T Biddl¢- Tru5t¢c Page 8 YELLOW WOOD FOUNDATION STATENIENT OF FINANCIAL AcTI1￿lEs FOR THE YEAR ENDED 30JUNE 21124 30.6.24 Unrestricted fund 30.6.23 Total funds Nores INCOMF. AND F.NDOWi¥IF.NTS FROM Inv¢strncnt incomc 14,709 13,321 EXPENDITURE ON Rai.%ing lund 1,410 Charltable actlvltles Granis 19.1)IK 8.SOO Other 630 450 Total 21.S16 10.360 Net gain￿lI055¢s) on inve5tmcnls 40,659 118,503) NET INCOMEI(EXPEYDITUREI 3.1.1152 115.542} RECONCILIATION OF FUNDS Total funds brought forward 476.980 492,522 TOTAL FUNDS CARRIED FORW'ARD 510,832 476.980 The notes fomi part of these fuwicial statements Page 9 YELLOW WOOD FOUNDATION BALANCE SHEET 3DJUNE 2024 30.6.24 Unrestricted fund 30.6.23 Total funds Notes FIXF.D ASSF.TS Investments 495,475 460,818 CURRENT ASSETS Cash at bank 1fi850 17,750 CREDITORS Amounis falling due within one year (1,493) 11.5881 NET CURRENT ASSETS 15J57 16,162 TOTAL ASSETS LESS CURRENT LIABILITIE 510&12 476,9110 NET ASSF.TS SIOJ432 476.980 FUNDS Unresirieted funds 476.980 TOTAL FUNDS $10.832 476.980 Ina ¢ments were approved by the Board of Trustees and authorised for issue on . and W'ere signcd on its bchalf by.. r_ s, )2K- Mr T Biddle- Trustee The notes fomi part of these financial statements Page 10 YELLOW WOOD FOUNDATION NOTES TO THE FINANCIAL sTATEME￿Ts FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES Basis of preparing the financial statements Thc fI￿nCid1 %tat¢m¢nts of th¢ charity. ￿'￿1¢h is a public bcn¢fit entity U[￿¢r FRS 102. have b¢c prcparcd in accordancc wilh ihc Chariiics SORP {FRS 102) 'Accounting and Rcporting by Charitics.. Siatemeni of RecommLndcd Praciice applicable io chariiies preparing Iheir accounts in accordance with the Financi<11 ReTM)ning sI￿1ndard applic1¢ ble in ihe UK and Republic of Irel1￿ nd IFRS 1021 (elleciive l January 201()I'. Financial RewTrrting Sthndard 10? 'The Financial Rew)ning Standard applicablc in th¢ UK and R¢public of Ir¢land' and the Charili¢% Aci 2011. Th¢ financial s¢al¢in¢nts havc bccn prcparcd undcr ihc historical cosr coni'cnrion. with rhc cxccption of ]n￿esTIn¢ntS which arc included ai market value. as Inodified by the revaluaiion of cenain assets. Income All income is recognised in the Siaiemeni of Financial Aciivities once ihe charity has entiilement to the funds., it is pn)babl¢ thai th¢ in¢om¢ will be ￿e1Ved and th¢ amouni ¢an b¢ m¢asur¢d r¢liably. F.xpenditvre LI￿1b]IllI¢s arL' r¢¢'ognis¢d as ¢xp¢ndimr¢ as soon as ih¢r¢ is a legal or ¢onstru¢iiv¢ obligaiion coinmilling th¢ ¢hari¢y io ihai ¢xrthdi¢ur¢, il is probablc ihai a trnnsf¢r of ¢conomi¢ bcn¢fi14 will be required in settlement and the amounl of the obligiation can be measured reliably. Expenditure is accountLd for on an accruals basis and has classificd under hcadings ihat aggrcgale all cost related 10 the category. Where costs cannot be direcily aiiribuied ￿ particular headings ihey l)ave b¢cn all￿al¢d io a¢tlVilic5 on a basi5 Consistent with th¢ us¢ of r¢sour¢¢s. Grants offered subject to conditions which have not been mel ai the year end date are noted a% Lommilment but not aLLtued as expcndiiurc. Taxation The charity is exempt from on ILS charitable aciiviiies. Fund accounting Unrc8lric(ed fund% can be used in accordance with the charitable objeciivcs ai the discretion of ihc tru4le¢s. Rcstrictcd fvnds can only be uscd for particular re5tricicd puw within the objects of the charity. Restrictions arise when specified by the donor or when funds are rais*J for particular resiricied purposLS. Furthcr cxplanation of ihc naturc and puryK)5c of cach fi]nd is includcd in thc notcs to ihc financial statements. Pagell continued.. YELLOW WOOD FOUNDATION NOTES TO THE FINANCIAL sTATEME￿TS- continued FOR THE YEAR ENDED 30 JUNE 2024 INVESTMENT INCOME 30.6.24 30.6.23 Investment ineome InterLSi receivable- irading 14.706 13,317 14,709 13.321 RAISING FUNDS Investment management cost$ 30.6.24 30.6.23 Portfolio manag¢m¢ni 1.886 1.410 TRUSTEES, REfvIUNERATION AND BENEFITS Th¢r¢ w¢r¢ no trusi¢¢s' rmun¢raiion or othcr bcncfiis for thc y¢ar cnd¢d 30 Jun¢ 2024 nor for th¢ year ended 30 June 2023. Trustees, expenses Thcre wcrc no truslcc5' ex￿nSeS paid for the ycar cndcd 30 Junc 2024 nor for the year cndcd 30 June 2023. FIXED ASSET INVESTMENTS Lisled investments MARKET VALUE At l July 2023 Addition Diswsals Nct gain51{105￿s) on Invc5ttn￿l5 460,818 41.409 {47,41J) 40.659 At 30 Jun¢ 2024 495,475 NET BOOK VALUE At 30 June 2024 495.475 At 30 June 2023 460,818 There were no investment assets outside the UK. Page 12 continued.. YELLOW WOOD FOUNDATION NOTES TO THE FINANCIAL sTATEME￿TS- continued FOR THE YEAR ENDED 30 JUNE 2024 FIXED ASSET INVESTMENTS- ¢ontlnlled Historical cost- AI 30 June 2024 474,504 At 30 Jun¢ 2023 496,587 The investment fund is managed by Heritage Capital Management. All fundg are held in the SVS H¢ri¢ag¢ Balanced Porffolio Fund. The fund inv¢g¢s in equi¢]￿ and othcr listcd %cciiritics, cligTiblc collcclivc invcstmcnt schcmcs, invcstmciit tNsts & c()mp￿]i¢5 including Rcal Estaie Ini'csimcnt TrLLSLS. fixed inicrcsi sccuriti&s including govcmmeni, COTporatc and convertible knnds. money marf(ei insirumenis and cash or near c&sh insrnjments. There are no g¢ographiLal r¢striLtions on th¢ Lountrics of inv¢sim¢ni. CREDITORS: AMOUNTS FALLIP*G DUE WITHIN ONE YEAR 30.6.24 3Q.6.23 Oihcr creditors .493 1,588 MOVF.MTr.NT IN FUNDS Net moveinenl in funds At 30.6.24 At 1.7.23 Unrestrictcd funds Gcncral fund 476,980 510J132 TOTAL FUNDS 476.980 33,852 510.832 Net movement in funds. included in the above are as lollows.. Incotning resources R¢sourc¢s expcndcd Gains and Iossc5 Mov¢rncnt in funds U￿reStrIcted funds (ieneral fund 14,7119 (21516) 40,659 33052 TOTAL FUNDS 14,7119 (21516) 40,659 3.1,852 Page 13 continued.. YELLOW WOOD FOUNDATION NOTES TO THE FINANCIAL sTATEmE￿￿s- continued FOR THE YEAR ENDED 30JUNE 21124 MOVEMENT I.Y FUNDS- eontlnued Comparatives for movement in funds Nct Inovement in funds At 30.6.23 Ai 1.7.22 Unrestricted funds GLneial fund 492.522 {15,542) 476.980 TOTAL FUNDS 492.522 {15.5421 476.980 Cornpardiivc nct moTr'ement in funds. includcd in the aFM)vc arc as follows: In¢oming rcsour¢es R¢sour¢¢s ex￿nd Gains and Mov¢m¢nt in fund4 Unrestrlcted funds Ci¢iierol lund 13.321 (10,360) {18.503} {15,542) TOTAL FUNDS 13.321 110.3601 {18.5031 (15,5421 A ¢urreni year 12 months and prior year 12 months ¢ombin¢d p)sition is as follows.. Net movLmienl in funds At 30.fi.24 Ai 1.7.22 Unrestricted funds (ieneral fund 492.522 18.310 510.832 TOTAL FUNDS 492.522 18.310 510.832 Page 14 continued.. YELLOW WOOD FOUNDATION NOTES TO THE FINANCIAL sTATEME￿TS- continued FOR THE YEAR ENDED 30 JUNE 2024 MOVEMENT IN FUNDS- eontlnued A current year 12 monihs and prior year 12 months combined net movement in funds. included in the above are as follows-. Incotning resources R¢4our¢¢s expended Cjains and losse5 Mov¢rn¢nt in funds Unrestrlcted futtd$ Gcncral fund 28.030 (31.876) 22.156 18,310 TOTAL FUNDS 28.030 (.11.876) 22.156 18,310 RELATED PARTY DISCLOSURES Th¢r¢ ￿'¢r¢ no r¢lai¢d party Lransa¢tions for thc ycar ¢ndcd 30 Jun¢ 2024. Page 15