## **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**
**£**
-|
|---|---|---|
|||-|
- 2 -
## **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
- 3 -
## **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**|
|---|---|
|**£**|**£**|
|-|-|
- 4 -