## **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
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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)**|||| ||||| |**Date**30/11/2024|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
~~=~~|||||||