2024-02-29-accounts - The Yusef Foundation

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Charity Commission Annual Return 2024

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THE YUSEF FOUNDATION

Charity registration number: 1157439

Most of the information you give in this form will become publicly available on the Register of Charities. Any field that the Charity Commission will not display will be clearly marked.

This document is a record of the information provided in the Annual Return 2024.

PART A - Charity information

Financial period

Financial period start date

01/03/2023

Financial period end date

29/02/2024

Income and spending

Income £

£ 7,785

Spending £

£ 42,069

Number of contracts from government

How many contracts (other than grant agreements) did your charity receive from central government or a local authority during the financial period for this return? 0

Number of grants from government

How many grants did your charity receive from central government or a local authority during the financial period for this return?

Income breakdown

Donations and legacies (excluding Endowments Received)

£ 54

Charitable activities

£ 0

Other trading activities

£ 0

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Investments £ 7,731

Other

£ 0

Grantmaking

Is grant making the main way your charity carries out its purposes?

Yes

Recipients of grants

Please round all figures to the nearest pound (do not enter decimal points or commas). Individuals

£ 0

Other charities

£ 39,585

Other organisations that are not charities £ 0

Grant recipients related parties

Are any of the grant recipients related parties to the charity?

Trustee payments

Excluding out of pocket expenses, for what were any of the trustees paid during the financial period for this return? ⊠ e. None of the trustees have been paid Did any of the trustees resign and take up employment with your charity in the financial period of this return?

Income from outside the UK

Did your charity receive income from outside of the United Kingdom in the financial period of this return?

Delivering activities outside the United Kingdom

Did your charity deliver charitable activities outside of the United Kingdom in the financial period of this return?

Spending outside England & Wales

Did your charity spend funds outside of the United Kingdom in the financial period of this return?

Total Spending outside England & Wales

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Trading subsidiaries

Does the charity have any trading subsidiaries?

Charity contact details correct

Is the contact address displayed from the Register of Charities, correct?

Yes

Charity headquarters details correct

Is this the same address that you use as your charity's administrative headquarters?

Yes

Charity contact address

Address Line 1

2 West Street

Address Line 2

Henley-on-Thames

Address Line 3

Address Line 4

Address Line 5

Postcode

RG9 2DT

Country

Charity Headquarters address

Address Line 1

2 West Street

Address Line 2

Henley-on-Thames

Address Line 3

Address Line 4

Address Line 5

Postcode

RG9 2DT

Country

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Membership type

Is your charity part of a wider group structure with a parent body and subsidiary bodies? no, the charity is not part of a wider group structure

Employment contract types

People were permanently employed by your charity 0 People were on fixed-terms contracts with your charity 0 Self-employed people were working for your charity 0

Governance policies

Internal charity financial controls policy and procedures Yes Safeguarding policy and procedures Yes Financial reserves policy and procedures Yes Complaints policy and procedures Yes Serious incident reporting policy and procedures Yes Internal risk management policy and procedures Yes Trustee expenses policy and procedures Yes Trustee conflicts of interest policy and procedures Yes Investing charity funds policy and procedures Yes Campaigns and political activity policy and procedures Not applicable Bullying and harassment policy and procedures Not applicable Social media policy and procedures Not applicable Engaging external speakers at charity events policy and procedures Not applicable

Safeguarding

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12/19/24, 10:21 AM Print annual return | Charity Commission Has your charity provided services to children and/or adults at risk in the financial period of the return?

External risk and impact

Donations Unknown/No Change/Not Applicable Other income - grants Unknown/No Change/Not Applicable Other income - contracts Unknown/No Change/Not Applicable Other income - investment Unknown/No Change/Not Applicable

Expenditure on charitable activities Unknown/No Change/Not Applicable Expenditure on overheads Unknown/No Change/Not Applicable Number of volunteers Unknown/No Change/Not Applicable Number of employees Unknown/No Change/Not Applicable Number of trustees Unknown/No Change/Not Applicable Fundraising activities Unknown/No Change/Not Applicable Capacity to deliver services Unknown/No Change/Not Applicable Total service demand Unknown/No Change/Not Applicable

Volunteers

Excluding trustees, provide an estimate of the number of volunteers who carried out charitable activities on behalf of your charity in the United Kingdom during the financial period of this return?

Privacy statement

Any information you give us will be held securely and processed only in accordance with the rule on data protection. We will not disclose your personal details to anyone unconnected to the Charity Commission unless:

· you have consented to their release; or

· we are legally obliged to disclose them; or

· we regard disclosure as either (a) necessary so that we can properly carry out our statutory functions or (b) necessary in the public interest.

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We may share and disclose information about you with relevant public authorities, regulatory bodies and agencies, outside the Charity Commission but only if:

· we can lawfully do so; and

· we decide that disclosure is necessary for national security, crime detection, prevention, and law enforcement, or other issues in the public interest

Information we collect about you

We will use this information:

To enable us to carry out our statutory functions and duties;

This will include the following actions:

(a) update, consolidate, and improve the accuracy of our records;

(b) undertake crime detection and prevention and law enforcement and assist the third parties specified above to investigate or prevent crime and carry out law enforcement;

(c) data analysis, testing, research, statistical and survey purposes

Information we receive from other sources.

Information we receive from other sources

We may combine this information with information you give to us and information we collect about you.

We may use this information and the combined information for the purposes set out above (depending on the types of information we receive).

We will ensure that any such disclosure and use is proportionate; considers your right to respect for your private life; and is done fairly and lawfully in accordance with the data protection principles of the Data Protection Act.

The Data Protection Act 1998 regulates the use of 'personal data', which is essentially any information, however stored, about identifiable living individuals.

As a 'data controller' under the Act, the Charity Commission must comply with it. Any changes we may make to our privacy statement in the future will be set out in the replacement version of this form.

Please check back frequently to see any updates or changes to our privacy policy.

Declaration

This annual return has not been submitted and no Declaration has been made

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REGISTERED CHARITY NO: 1157439 (CHARITY COMMISSION)

The Yusef Foundation

Annual Accounts

for the year ended 29 February 2024

The Yusef Foundation.

Contents of the Annual Accounts

for the year ended 29 February 2024

	Page
Charity Information	1
Trustees annual report	2
Balance Sheet	3
Statement of financial activities	4
Notes to the accounts	5

The Yusef Foundation.

Charity Information

CHARITY NAME: The Yusef Foundation REGISTERED NUMBER: 1157439 (Charity Commission) POSTAL ADDRESS: c/o Buffery & Co Ltd 2 West Street Henley on Thames Oxfordshire RG9 2DU TRUSTEES: Mr A T Yusef Mrs C Yusef Miss T M Yusef Mr S J Norton ACCOUNTANTS: Buffery & Co Ltd 2 West Street Henley on Thames Oxfordshire RG9 2DU

Page 1

The Yusef Foundation

Trustees’ annual report For the year ended 29 February 2024

The Trustees present their annual report and financial statements of the charity for the year ended 29 February 2024.

Achievements and Performance

The Charity was formed on 3 April 2014. The first funds were disbursed during 2015.

Financial Review and Policy on reserves

The Trustees seek to maximise the resources available to the charity. They have taken no expenses or remuneration.

Structure Governance and Management

The Foundation is a Charitable Incorporated Organisation, with a constitution and objects approved by the Charities Commission. The Trustees keep a tight control of expenditure and approve all disbursements.

Objectives and Activities

The main objective of the charity is to promote the education (including social and physical training) of children and young persons under the age of 21 years (at the time the application is approved), being permanent residents of the United Kingdom and the Island of Cyprus, in such ways as the charity trustees think fit.

This was the ninth active period of operation. Donations were made as follows:

National Youth Orchestra Happy Days Freedom From Torture Duke of Edinburgh Award Caring Together Strongbones Children Charitable Trust Youth On The Move	£ 5,000 1,000 2,700 25,000 2,500 2,385 1,000
	39,585

SIGNED ON BEHALF OF THE TRUSTEES:

Mr A T Yusef

Trustee

Page 2

The Yusef Foundation.

Statement of financial activities

for the year ended 29 February 2024

Incoming resources Donations received Gift Aid from HMRC Income received from Investment Portfolio (re-invested) Total Incoming resources Resources expended Donations Accountancy and administration Examination fee Investment Portfolio management fees Total resources expended Net incoming/(outgoing) resources Net realised reserves brought forward Realised loss on investments Net realised reserves carried forward	Year ended 29 February 2024 £ 54 - 7,731 7,785 39,585 1,584 900 - 42,069 (34,284) 596,482 - 562,198	Year ended 28 February 2023 £ - - 6,438 6,438 29,900 1,020 900 3,000 34,820 (28,382) 675,435 (50,571) 596,482

Page 3

The Yusef Foundation. (Registered Charity number: 1157439)

Balance Sheet as at 29 February 2024

	28 February 2024	28 February 2024	28 February 2023	28 February 2023
		£	£	£
Current Assets
Cash at Bank		36,267		78,402
Investment Portfolio		565,376		526,740
Current Liabilities
Loan from Trustees	-		-
Accrued Expenses	1,800		1,920
		(1,800)		(1920)
Net Current Assets		599,843		603,222
(Liability)
Financed by
Realised Reserves	Realised Reserves
Surplus/(Deficit) for		(34,284)		(78,953)
period
Surplus/(Deficit)		596,482		675,435
b/fwd
Realised Reserves		562,198		596,482
Unrealised
Reserves
Surplus/ (Deficit)
for period		30,905		5,015
Surplus/(Deficit)
b/fwd		6,740		1,725
Unrealised Reserves		37,645		6,740
Total Reserves		599,843		603,222

The annual accounts were approved by the trustees on 19 December 2024 and were signed by:

Mr A T Yusef

Trustee

Page 4

The Yusef Foundation (Registered Charity Number 1157439)

Notes to the Annual Accounts

for the year ended 28 February 2024

1. Basis of preparation

Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with Charities SORP (FRS 102); and with the Charities Act.

2. Accounting policies

INCOMING RESOURCES

Recognition of incoming resources

These are included in the Statement of Financial Activities (SoFA) when:

the charity becomes entitled to the resources;
the trustees are virtually certain they will receive the resources; and
the monetary value can be measured with sufficient reliability.

Valuation of Investment Portfolio

The portfolio is shown at market value, including re-invested income net of fund management fees. Any change in the valuation, based on unrealised gains or losses are shown in the unrealised gains/losses reserve.

EXPENDITURE AND LIABILITIES

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance costs

Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

3. Details of certain items of expenditure

Trustee expenses	28 February 2024 28 February 2023	28 February 2024 28 February 2023
No expenses were paid in period
Professional Fees
Independent examiner’s fees for reporting on the accounts	£900	£900
Other fees for accountancy and administration	£1,584	£1,020
Investment Portfolio management fees	-	£3,000
4. Accrued Expenses
Professional fees accrued for but not paid at period end.	£1,800	£1,920

5. Transaction with related parties

The trustees received no remuneration or re-imbursement of expenses during the period.

Independent examiner’s report

on the Accounts of the Yusef Foundation for the year ended 28 February 2024

I report to the trustees of The Yusef Foundation (charity number: 1157439) on the accounts for the year ended 28 February 2024 set out on pages 2 – 5 of this report.

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

In connection with my examination, no matter has come to my attention

which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mark Buffery FCA

Buffery & Co Ltd 2 West Street Henley on Thames Oxfordshire RG9 2DU

19 December 2024