YYY Foundation Registered Charity No. 1164116 Accounts for the Year Ended 30 September 2023
YYY Foundation AccoLsnts for the Year Ended 30 September 2023 Reference and Administrative Information Charity Name YYY Foundation Registered Charity Number 1164116 Constitution Charitable Incorporated Organisation Registered Address 12 Pierrepont Street Bath BAI ILA Trustees Mrs Sarah Gurung (Chalrl Mr Sera Gurung Mr Philip Rouse (Treasurer} Mrs Helen Keen Bankers The Co-operative Bank PLC 14 Broadmead Bristol BSI 3HH
YYY Foundation Accounts for the Year Ended 30 September 2023 Trustees, Report The charttrfs purpose is to relieve poverty and promote education in Nepal. In the fNe years prior to the Covid pandemic, the charity focused largely on rebuilding schools destroyed bv the earthquakes in April 2015. Since then, the Trustees have refined the focus of the charity's workto four key area5: provision of finance for selected infrastructure projects at schools, which could add Sl8nificant value but could not realistically be funded locally; provision of stationery and other essential materials to the various schools which the charity has helped in the past; provision of Women's Health education for schools and associated communitie5, working in partnership with the international charity Days 4 Girls; and provision of computers for secondary schools. working in partnership with another specialist charity. Edutech Nepal ('Edutech'). The charity has developed close relationships wlth its two key partner charities: Days 4 Girls is an international NGO advancing menstrual equity, health. dignity and opportunity for all girls and women. The charit¢s programmes, delivered by its local representatives, are genuinely life-changinB for girls (many of whom would otherwise be effectively excluded from school once they start menstruatin81 and for their wider families and communities. YYY Foundation assists in identifyin8 Suitable schoo15 for the provision of programmes and providing fundin& and Edutech, a long-standing NGO in Nepal. which provides excellent computer rooms to schools across the country. Under the leadership of New Zealand tech entrepreneur Mike Chisholm, Edutech has refined the process of Khool selection and the design of computer rooms and their contents. and has to date established computer rooms at more than 200 Nepalese schools, all to Edutech's design and specification. Foundation entered into a non-legally binding Memorandum of Understanding with Edutech during 2022, with a view to identifying suitable schools and co-fundin8 computer rooms. Duringthis year, circa £1,800 was provided to complete our work at Kalinchowk school. which is now surrounded by high quality fencing with a formal school gateway and lockable gates, providing the school with privacy and security for the staff and children. All rooms in the school now have ceilings and glass in all windows, improving the school environment and in particular making it warmer for the children and staff in the wlnter.
Funds of £6,000 were provided to build a similar fence at Ukhubari school in Sindapulchowk. In 2016, YYY Foundation funded the acquisition of land for the building of a new school in the village, which wa5 subsequently built in 2017. The village is located on a steep hillside, and the land surrounding the school is terraced. with large drops from one terrace to the next. The newfence, which has now been completed. not only provides security forthe school and children, but also protects the children from precipitous drops at the boundaries of the school grounds. During the year, the charity also funded furniture for a new computer room at Likhu school for £1,290, working in conjunction with Edutech- the furniture, supplied by Edutech to their specification, was in place before the year end. We also committed to provide £2.500 (from the Mazars Charitable Trust funding- see below) to co-fund the computer room at Likhu school as a whole, which has subsequently been completed since the year end. The Trustees recommenced some fundraising attivitie5 this year and would like to express their thanks to all those who have kindly contributed to the charity; in particular, they would like to thank Mazars Char5table Trust, which donated £10,000 during the year for the provision of women's health education and computers for at least two schools. In total, the charity raised income of £11,153 in the year. Afterthe year end, Trustees Sera and Sarah Gurung visited Nepal in October 2023; alongside attendingwomens, health pro8rammes atthree schools in Mugu in Western Nepal with Days 4 Girls, they identified a number of schools in the same area for provision of additional womens, health programmes, and also computer rooms with Edutech. More work was done to qualify the schools for those programmes. The Gurungs also visited schools further south in Bardiya and scoped out the provision of womens, health programmes, and possibly computer rooms, to at least two of the schools in that area. Sera returned to Nepal in February this year; working with Days 4 Girls he oversaw the womens, health programmesat all the planned schools in Mugu and Bardiya, and also atjana Jyoti Higher Secondary School in Rakam Karnali, between the two. Sera also worked with Edutech to scope out the likely provision of a computer room at Himodaya school, the main secondaryschool in Gumghadi (Mugul. Much of thewomens, health work was funded bythe Mazar5 grant, which will also fund the computer room at Himodaya school in due course. As ever, the charity has minimal running costs, with total costs this year of only £268. This of course means that almost all of the funds raised by the charity can be used directly for charitable purposes in Nepal. The majority of spendingofcirca £11,500on projects in Nepal this yearwas funded from cash resources brought forward from previous years. The charity remained in a strong financial position at the year end, with funds of almost £32,000 in the bank a5 at 30 September 2023. This continues to provide the charity with a strong foundation to provide annual support and resources to the schools with which we have worked, and will also fund a substantial part of
our planned women's health support and contributions to school computer rooms alongside Edutech in Mugu and Bardiya. The Trustees consider that the ideal minimum level of reserves as at 30 September 2023 is £2.000. Free reserves held at the year-end were £21,937, and in addition £7,500 of restricted reserves. In practice, the Trustees intend to keep at least £10,000 of cash available. so that they can be in a position to commit to project expenditures knowing that the necessary funds are in place; on this basls at the year end YYY Foundation had reserves available for projects of £19,437, which it plans to enhance with fundraising over the coming months. YYY Foundation is a Charitable Incorporated Organisation regulated by the Charity Commission. The Trustees can confirm that they do not receive any remuneration for their services to the charity or expenses for acting as trustees. The Trustees can also confirm that they have complied with their duties to have due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant. JL Sarah Gurung Chairman and Trustee 12 April 2024
YYY Foundation Accounts for the Year Ended 30 September 2023 Receipts and Payments Account for the Year Ended 30 September 2023 Note Unre#ricied Funds Restrid Funds Total 2023 Total 2022 Reteipts li 1.142 10,0 10,011 1,142 261 572 Fundrain8 1,153 iO.OLYJ 11,153 833 Payments Funds Snton PfOie£ts FLsndTaisirE Costs Other Cosrs 9,057 ISIY) 11,557 15,781 269 3,406 9,326 2.5fXI 11,826 19,223 Excess of Re[pr$ o¥r Payments 18.1731 7,500 16ni I,390) Net assetsat l OctoTrr 2022 30,110 30,110 4451N) Net 8S5etsat 30 kpternber 2023 21937 75L 29,437 30,110
Statement of Assets and Liabilities as at 30 September 2023 Lknr¥trirted nds Restrfjcted Fuftds Total Total Cash ndS Bènk Accwnt Petty Cash 24,414 23 7.500 31.914 23 30.087 23 24,437 7,5 31,937 30.110 Creditrrs &JndryCredltor 1500 2,500 t4et assetsat30 Sevtember 2023 21.937 7,5(X) 29.437 30,110 Signed by the Chairman on behalf of all the Trustees JL Sarah Gurung Chairman and Trustee 12 April 2024
YYY Foundation Accounts for the Year Ended 30 September 2023 Notes l. Funds Spent on Projects Duringthe year, YYY Foundation provided £6,OOOto Ukhubari School in Sindapulchowk to pay for the installation of a high quality fence around the school compound. The charity provlded £1.767towards the completion of improvement work at Kalinchowk School, and £1,290 to fund computer room furniture at Likhu School. It also undertook to provide £2,500 for the equipment and services for the computer room at Likhu School, but the amount remained unpaid at the year-end so was accrued and included in Creditors. 30 Sept 2023 30 Sept 2022 Ukhubari khool Fencing Furniture for Likhu School Computer Room Kalinchowk School Fencing Kalinchowkkhool Improvements Likhu School Computer Room Women's Health for Schools Materials for Schools Ukhubari Relief 1,29) 1.767 2.51XJ 2,548 3,074 612 4,51Y) 11,557 15,782 2. Other Costs The majority of the Other Costs in the previous year related to funding for a trustee visit to Nepal. and represented the costs dirertly attributable to the charity's work in Nepal: no such visit was undertaken during this financial year.