**REGISTERED CHARITY NO: 1157439 (CHARITY COMMISSION)** **The Yusef Foundation** **Annual Accounts** **for the year ended 28 February 2025** **The Yusef Foundation.** ## **Contents of the Annual Accounts** ## **for the year ended 28 February 2025** ||**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 Chiltern House 45 Station Road Henley on Thames Oxfordshire RG9 1AT **TRUSTEES:** Mr A T Yusef Mrs C Yusef Miss T M Yusef Mr S J Norton **ACCOUNTANTS:** Buffery & Co Ltd Chiltern House 45 Station Road Henley on Thames Oxfordshire RG9 1AT Page 1 **The Yusef Foundation** ## **Trustees’ annual report For the year ended 28 February 2025** The Trustees present the annual report and financial statements of the charity for the year ended 28 February 2025. ## **Achievements and Performance** The Charity was formed on 3 April 2014. ## **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 tenth active period of operation. Donations were made as follows: |National Youth Orchestra
Happy Days
Freedom From Torture
Duke of Edinburgh Award
Strongbones Children Charitable Trust
RN|IB
Potential Plus UK
Charnwood zo-zo
Action Aid|£
5,000
1,500
3,250
28,000
2,500
1,500
1,500
3,000
2,500| |---|---| ||48,750| ## **SIGNED ON BEHALF OF THE TRUSTEES:** 16 December 2025 Mr A T Yusef Trustee Page 2 **The Yusef Foundation.** ## **Statement of financial activities** ## **for the year ended 28 February 2025** |**Incoming resources**
Donations received
Gift Aid from HMRC
Sale of units.
(of which £2,617 capital gain)
Income received from Investment
Portfolio (re-invested)
Total Incoming resources
**Resources expended**
Donations
Accountancy and administration
Examination fee
Bank Service Charges
**Total resources expended**
Net incoming/(outgoing) resources
Net realised reserves brought forward
Realised loss on investments
Net realised reserves carried forward|Year ended 28
February 2025
£
0
0
20,000
12,815
32,815
48,750
900
900
1,135 -
51,685
(18,870)
562,198
0
543,328|Year ended
29 February 2024
£
54
0
7,731
7,785
39,585
1,584
900
0
42,069
( 34,284)
596,482
0
562,198| |---|---|---| Page 3 ## **The Yusef Foundation. (Registered Charity number: 1157439)** ## **Balance Sheet as at 28 February 2025** ||28 February 2025|28 February 2025|29 February 2024|29 February 2024| |---|---|---|---|---| |||£|£|£| |**Current Assets**||||| |Cash at Bank||4,582||36,267| |Investment Portfolio||610,459||565,376| |**Current Liabilities**||||| |Loan from Trustees|-||-|| |Accrued Expenses|1,800||1,800|| |||(1,800)||(1,800)| |Net Current Assets||613,241||599,843| |(Liability)||||| |**Financed by**||||| |**Realised Reserves**|**Realised Reserves**|||| |Surplus/(Deficit) for||(18,870)||(34,284)| |period||||| |Surplus/(Deficit)||562,198||596,482| |b/fwd||||| |Realised Reserves||543,328||562,198| |**Unrealised**||||| |**reserves**||||| |Surplus/ (Deficit)||32,268||30,905| |for period||||| |Surplus/(Deficit)||37,645||6,740| |b/fwd||||| |Unrealised Reserves||69,913||37,645| |**Total Reserves**||613,241||599,843| The annual accounts were approved by the trustees on 16 December 2025 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 2025** ## **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 1 March 2024 to 28 February 2025** 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|£900|
(£900)| |Bank service charges|£1,135|
£ 804| |**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 2025** I report to the trustees of The Yusef Foundation (charity number: 1157439) on the accounts for the year ended 28 February 2025 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 1. 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 2. to which, in my opinion, attention should be drawn 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 16.December 2025