Trustees’ Annual Report for the period
From 01/02/2020 Period start date To 31/01/2022 Period end date Charity name: YEMILLION FOUNDATION TRUST
Charity registration number: 1152092
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance education for the public benefits in particular not exclusively by the provision of grants, bursaries and scholarships as trustees shall determine. Nothing in this constitution shall authorise an application of the property of the CIO for the purposes which are not charitable in accordance with section 7 of the charitable and Trust Investment Act 2005 and section 2 of the Charities Act 2008. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Nothing was done during the year due to inactivity though there is a keen interest by the Trustees to get things done in the future. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes we confirm. |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38
Contribution made by volunteers NILL NILL Other
Achievements and Performance
SORP reference There has been no activity by the charity during the financial year as shown in its accounts of receipts and payments. Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity account shows unrestricted funds of £12,072 as at the end of its financial year 31/01/2022. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity doesn’t need any reserve as it can manage any of its charitable purposes with the funds it already got and potentially be able to raise in future as the need arises. |
| Amount of reserves held | Para 1.22 | £0 |
| Reasons for holding zero reserves |
Para 1.22 | As stated above |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | The charity is a going concern and its financial statements are reported as such. |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Is a constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | As a Charitable Incorporated Organisation (CIO) |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | By Appointment |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | Ye MILLION Foundation Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1152092 |
| Charity’s principal address | 21 Cedar Road, Eastleigh, SO50 9NR |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Merkebu MILLION | ||||
| Seleshi MILLION | ||||
| Beirut B-Meskel | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets NA held in this capacity Name and objects of the NA charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for NA safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
M MILLION | |
|---|---|---|
| Merkebu MILLION | ||
Chair |
||
| 21/11/2022 | ||
| 21/11/2022 |
Company Registration No. CE000423 (England and Wales)
YE MILLION FOUNDATION TRUST ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2022
YE MILLION FOUNDATION TRUST INCOME STATEMENT FOR THE YEAR ENDED 31 JANUARY 2022
| Turnover Profit |
2022 £ - - |
2021 £ - |
|---|---|---|
| - |
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YE MILLION FOUNDATION TRUST STATEMENT OF FINANCIAL POSITION AS AT 31 JANUARY 2022
| Current assets Net current assets Total assets less current liabilities Net assets Capital and reserves |
12,072 | 2022 £ 12,072 12,072 12,072 12,072 |
12,072 | 2021 £ 12,072 |
|---|---|---|---|---|
| 12,072 | ||||
| 12,072 | ||||
| 12,072 |
NOTES TO THE ACCOUNTS
1 Statutory information
YE MILLION FOUNDATION TRUST is a private company, limited by shares, registered in England and Wales, registration number CE000423. The registered office is 21 Cedar Road, Eastleigh, Hampshire, SO50 9NR, United Kingdom.
2 Average number of employees
During the year the average number of employees was 0 (2021: 0).
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board on 21 November 2022
Merkebu MILLION Director
Company Registration No. CE000423
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YE MILLION FOUNDATION TRUST DETAILED INCOME STATEMENT FOR THE YEAR ENDED 31 JANUARY 2022
This schedule does not form part of the statutory accounts.
Profit on ordinary activities before taxation
| 2022 | 2021 |
|---|---|
| £ | £ |
| - | - |
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