2022-09-30-accounts

					SORP reference
Summary		ofthe purposes of				YYY Foundation has the following objects:
the charity			as set out	in its		~ prevention and relief of poverty in
governing			document			Nepal; and
						~ advancement ofeducation in Nepal
Summary activities		ofthe main in relation to those			Para 1.17and 1.19	In the last financial year ended 30September 2022 2833 has been raised by the charity from
purposes		for the public				fundraising initiatives in the UK.
benefit, in particular, activities, projects or services identified in accounts.				the the		Two ofthe charity's Trustees were able to visit Nepal in March 2022 and to recommence activities following the pandemic. The Trustees visited all ofthe schools which the charity has
						previously assisted and provided stationery and
						other resources for the staff and children. In the
						year, the charity also funded a new fence and
						gateway around the school at Kalinchowk, and
						additional improvements to the structure and
						classrooms, and funded four visits to provide
						Womens Health services to secondary schools.
						YYY Foundation has entered into a non-legally
						binding Memorandum of Understanding with
						Edutech Nepal, to assist with the provision of
						computer rooms to secondary schools in Nepal,
						co-funding alongside Edutech Nepal.
						The schools we have funded in recent years are
						providing good quality infrastructure and
						teaching to hundreds ofchildren, mostly of
						lower caste, who would otherwise have had no
						access to school.
Statement			confirming		Para 1.18	The Trustees can confirm that they have
whether	the trustees			have		complied with their duties to have due regard to
had regard			to the guidance			the Charity Commission's public benefit
issued by the Charity Commission on public						guidance when exercising any powers or duties to which the guidance is relevant.
benefit

				SORP reference	Potential projects for rebuilding ofschools or
					providing other assistance are generally put
					forward by the charity's Partners in Nepal.
					Where projects are for rebuilding of schools,
					where possible these sites are visited by one	or
					more ofthe Trustees.
					The charity also provides resources to the
					schools with which it has a relationship, and of
					Womens' Health services to girls at schools and
					their associated communities, working with its
					partner in Nepal for Women's Health, Days 4
					Girls.
					The Trustees evaluate and discuss all potential
					projects, Our Partners are required to provide	a
					budget forthe project, which is reviewed and
					discussed by the Trustees.
					Where approved by the Trustees, funding is
					provided directly to the Partner in Nepal against
					the budget.
					Progress of all projects is followed by the
					Trustees, with information provided regularly	by
					the Partners along with photographic and other
					evidence.
					Again, where possible completed projects are
					visited b one or more ofthe Trustees.
				Para 1.38
Policy on	grant making				Not applicable
				Para 1.38
Policy on	social investment				Not applicable
including	program		related
investment
Contribution volunteers		made	by	Para 1.38	During the year, the only active volunteers were the trustees, who oversaw the activities ofthe
					charity
Other

				SORP reference
					YYY Foundation raised in total f833 in the year
					(2021 E5,318).
Summary ofthe main achievements ofthe charity, identifying the difference the charity's work has made to the circumstances of its				Para 1.20	The Trustees were able to recommence activities this year, following the pandemic, with a trip to Nepal in March 2022. All ofthe schools which the charity has previously helped were visited, and resources provided.
beneficiaries and any wider benefits to society as a					Funding was provided for a fence and other improvements at Kalinchowk school —the fence
whole.					and new gateway have been completed.
					The charity has also undertaken to fund a fence
					around the grounds ofthe school at Ukhubari.
					In partnership with Days 4 Girls, Women' s
					Health services were delivered tofour secondary
					schools, providing life changing help and
					materials for many girls and women.
					The charity also entered into a non-binding
					Memorandum of Understanding with NGO
					Edutech Nepal, to assist with and co-fund the
					provision of computer rooms to secondary
					schools in Nepal.
					The Trustees have also recommenced
					fundraising initiatives in the UK with a view to
					raising new funds to support their work going
					forwards.

Achievements against	Para 1.41
objectives set
Performance offundraising
activities against objectives	Para 1.41
set
Investment performance	Para 1.41
against objectives
Other

Financial Review	Financial Review
Review ofthe charity's				Para 1.21	With almost no fixed costs, the charity was in a
financial position at ofthe eriod	the	end			good financial position as at the end ofthe period, with unrestricted cash funds off30,100.
Statement explaining	the			Para 1.22	The Trustees consider that the ideal minimum
policy for holding reserves stating why they are held					level ofreserves as at 30September 2022 is E2,000. Free reserves held at the year-end were f30,110. In practice, the Trustees intend
					to keep at least f10,000ofcash available, so
					that they can be in a position to commit	to
					project expenditures knowing that the
					necessary funds are in place; on this basis at
					the year end YYY Foundation had funds
					available for projects of820,100,which	it plans
					to enhance with fundraising over the coming
					months
Amount ofreserves	held			Para 1.22	630,110
Reasons for holding	zero			Para 1.22
reserves
Details offund materially			in	Para 1.24
deficit
Explanation ofany				Para 1.23
uncertainties about	the				None
charity continuing as a going
concern
dditional information		(optional)
ou ma choose to include			further statements		where relevant about:
					The principal source offunds is a range	of
The charity's principal sources offunds (including				Para 1.47	fundraising activities organised by the Trustees in the UK
any fundraising)
Investment policy and objectives including any				Para 1.46	AII funds are held in cash, either in a current or savings account
social investment policy
adopted
					The charity insures itself as appropriate	for
					public liability purposes, in relation to its
A description ofthe	principal			Para 1.46	fundraising activities
risks facing the charity					The charity does not carry out directly any
					activities in Nepal, other than visiting to	review
					and assess projects —these are done on the
					charity's behalf by experienced partners	in
					Nepal
					The Trustees and all others who provide
Other					assistance from time to time are unpaid.	As a
					result, costs are generally very low

Description	Description		ofcharity's	ofcharity's
trusts:
Type of	governing			document		Para 1.25	CIO Constitution (Foundation Model)
'trust deed,			ro al charter)
How is the		charity				Para 1.25	CIO
constituted?
(B.g uninco			porated
association,			CIQ)
Trustee	selection methods					Para 1.25
including	details of			any			The charity has four trustees. The trustees	do
constitutional provisions election to post or name					e.g. of		not anticipate adding further trustees in the foreseeable future
any person			or body entitled
to appoint		one or more
trustees
Additional		information			(optional)
You ma	choose to			include further statements			where relevant about:
Policies	and		procedures
adopted	for		the induction			Para 1.51
and training			oftrustees
							YYY Foundation works principally with one
							Partner organisation in Nepal, Mahendra
The charity's			organisational				Thapa. Mahendra Thapa is a lifelong friend
structure network	and any wider with which the					Para 1.51	and ex work colleague ofthe two founders of YYY Foundation, Sera and Sarah Gurung. He
charity works							is trusted by the charity and has important relationships both with influential Nepalese
							bodies and with other sources offunding.
							Mahendra works with several other UK charities
							developed an excellent reputation in Nepal.
							The charity's partner in Nepal for Women*s
							Health services is Days 4 Girls, an international
							organisation providing these services around
							the world.
							YYY Foundation has entered into a non-binding
							Memorandum of Understanding with
							longstanding Nepalese NGO Edutech Nepal,
							run by New Zealand tech entrepreneur Mike
							Chisholm. The charity plans to work with
							Edutech Nepal to provide computer rooms to
							schools in Nepal.
							YYY Foundation has no operations in Nepal	as
							such and, other than visiting Nepal to review
							projects and assess new project opportunities,
							does not work directly in that country. All its
							work is done by its Partner, the Mandala
							Organisation. In this way, YYY Foundation	is
							able to limit its risks.
							All ofthe charity's work is done in the UK,
							mostly by the Trustees, who are not paid for
							their work. They are helped by a variety of
							people who assist on a voluntary basis from
							time to time.

Relationship	with any	Para 1.51
related parties
Other

Chari	name			YYYFoundation	YYYFoundation
Other name the charit			uses	Yak Yeti Yak	Foundation
Re istered charit		number		1164116
Charity's	principal	address		12 Pierrepont	Street
				Bath
				BA1 1LA

ames	ofthe charity tr	ustees who manage	the charity
	Trustee name	Office (ifany)	Dates acted ifnot for whole ear	Name to a	ofperson (or body) entitled oint trustee ifan
1	Sarah Gurung	Chairman
2	Philip Rouse	Treasurer
3	Sera Gurung	Trustee
4	Helen Keen	Trustee
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Funds held as custodian trustees on behalf ofothers	Funds held as custodian trustees on behalf ofothers
Description ofthe assets
held in this capacity
Name and objects ofthe
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details ofarrangements	for
safe custody and
segregation ofsuch assets
from the charity's own
assets

Names an	d addresses ofadv	isers (Optional information)
Type of	Name	Address
adviser
Name of	chief executive or names ofsenior staff members		(Optional	information)

		Note	Note	Unrestricted	Restricted	Total	Total
				Funds	Funds	2022	2021
						f	f
Receipts
Donations				261		261	5,120
Fundraising				572		572	198
				833		833	5,318
Payments
Funds Spent	on Projects			15,781		15,781	2,048
Fundraising	Costs			36		36	226
Other Costs				3,406		3,406	60
				19,223		19,223	2,334
Excess ofReceipts over Payments				(18,390)		(18,390)	2,984
Cash at Bank and in Hand at 1October		2021		48,500		48,500	45,517
Cash at Bank and in Hand at 30September			2022	30,110		30,110	48,501

	Unrestricted	Restricted	Total	Total
	Funds	Funds	2022	2021
			f	f
Cash Funds
Bank Account	30,087		30,087	47,882
Petty Cash	23		23		651
	30,110		30,110	48,533
Creditors
Sundry Creditor					32

As mentioned in the Trustee	As mentioned in the Trustee	Report, the charity also refunded	Report, the charity also refunded	f4,500 which Sarah and	f4,500 which Sarah and
Sera Gurung had provided	personally to the community		at Ukhubari		during 2020 in the
wake ofthe catastrophic	landslide.
		30Sept 2022			30Sept 2021
			f		f
Kalinchowk School Fencing			5,048		0
Kalinchowk School Improvements			2,548		0
Women's Health for Schools			3,074		0
Materials for Schools			612		0
Ukhubari Relief			4,500		0
Rhadha Paudel Foundation			0		2,048
		15,781			2,048