## ## ## ## ## ## ||||||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| ##