2024-01-31-accounts

Trustees’ Annual Report for the period

From 01/02/2023 Period start date To 31/01/2024 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 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
	Para1.38

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 £12,127 as at the end of its financial year 31/01/2024.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity does not 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 and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
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(if any)
	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)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
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)	Signature(s)M MILLION Full name(s)Merkebu MILLION	~~Ee~~	~~Ee~~
Position (eg Secretary,	Chair
Chair, etc)
Date30/11/2024	30/11/2024

YEMILLION FOUNDATION TRUST No (if any) Receipts and payments accounts CC16a For the period 01/02/2023 31/01/2024 To from SB ~~———|_~~

Section A Receipts and payments

Unrestricted funds Restricted funds Endowment funds Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Sub total(Gross income for AR) - - - - - A2 Asset and investment sales, (see table). - - - - - - - - - Sub total - - - - - ~~=~~
Total receipts - - - - - A3 Payments Admin andpromotion charge - - - - - Donations in kind to Hissu School in Bale Ethiopia - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Sub total - - - - - ~~=e~~
A4 Asset and investment purchases, (see table) - - - - - - - - Sub total - - - - - Total payments - - - - - Net of receipts/(payments) - - - - - A5 Transfers between funds - - - - - A6 Cash funds last year end 12,127 - - 12,127 - Cash funds this year end 12,127 - - 12,127 - -~~Eee~~	- - - -
CCXX R1 accounts (SS) 1 30/11/2024

Section B Statement of assets and liabilities at the end of the period

				Unrestricted	Restricted		Endowment
Categories		Details		funds	funds		funds
				to nearest £	to nearest £		to nearest £
B1 Cash funds	12,127 - - - - - - - 12,127 - - Total cash funds ~~—====~~
		(agree balances with receipts and payments	(agree balances with receipts and payments
		account(s))		OK	OK		OK
				Unrestricted	Restricted		Endowment
				funds	funds		funds
		Details		to nearest £	to nearest £		to nearest £
B2 Other monetary assets	- - - - - - - - - - - - - - - - - - ~~—=——~~
		Details		Fund to which asset belongs	Cost (optional)		Current value (optional)
B3 Investment assets	- - - - - - - - - - ~~7~~
		Details		Fund to which asset belongs	Cost (optional)		Current value (optional)
B4 Assets retained for the charity’s own use	- - - - - - - - - - - - - - - - - - ~~is~~
				Fund to which	Amount due		When due
		Details		liability relates	(optional)		(optional)
Signed by one or two trustees on behalf of all the trustees B5 Liabilities CCXX R2 accounts (SS)	- - - - - Date of approval 30/11/2024 Print Name MR MERKEBU MILLION Signature 2 30/11/2024 ~~=~~