YYY Foundation Registered Charity No. 1164116 Accounts for the Year Ended 30 September 2025 YYY Foundation Accounts for the Year Ended 30 September 2025 Reference and Administrative Information Charity Name YYV Foundation Registered Charity Number 1164116 Constitution Charitsble Incorporated Organisation Registered Address 12 Pierrepont Street Bath BAI ILA Trustees Mrs Sarah Gurung (Chair) Mr Sera Gurung Mr Phillp Rouse (Treasurer) Mrs Helen Keen Mrs Nancy Connolly {Appointed 4 February 20251 Bankers The Co-operative Bank PLC 14 Broadmead Bristol BSI 3HH YYY Foundation Accounts for the Year Ended 30 September 2025 Trustees, Report The charitws purpose is to relieve poverty and promote education in Nepal. In the five years prior to the Covid pandemic, the chartty focused largely on rebuilding schools destroyed by the earthquakes in April 2015. Since then, the Trustees have refined the focus of the charit¢s work to four key areas: provision of finance for selected infrastructure projects at schools, which could add significant 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 communlties, workin8 in partnership with the international charity Days 4 Girls- and provision of computer rooms and associated equipment for secondary schools, working in partnership with another specialist charity, Edutech Nepal I'Edutech'l. The charity has developed close relationships with its two key partner charities: Days 4 Girls is an international NGO advancing menstrual equFty, health. dignity and opportunity for all girls and women. The charitrfs programmes, delivered by its local representatives, are genuinely life-changing for girls (many of whom would otherwise be effectively excluded from school once they start menstruating) and for their wider families and communities. YYY Foundation asslsts in identifying suitable schools for the provision of programmes and providing fundin8,' 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 school 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-funding computer rooms. Duringthis year, Edutech decided to focuson areas of Nepal more familiarto them. so we are no longer formally identifying schools on their behalf. However, we may still co-fund computer rooms with them and are working with Edutech to provide Women's Health education to schools with whom they are already working and where they have previously provided computer and IT facilities. Following a year in which we had invested considerable time and money into two Trustee trips to Nepal, there wa5 no Trustee visit to the country this year. Further to our work last year, there were two areas where our work would be focused thi5 year: In Bardiya, computer rooms were constructed and completed at Jagadamba school and Shiva Sundar school working with Edutech. The funding o*this work was accrued in last yearfs accounts- In Mugu, Women's health training has been delivered to the main school In Mugu's capital. Gumghadi and at Soru School. Subsequently. Edutech have visited and reported on both schools, with a view to providing computer rooms. but these have not yet been built. We have committed funds for this work. The remoteness of the area makes the work challenging, and Edutech are waiting until they are comfortable that the work is feasible and that the schools are fully co-operating as required. We hope that this work will be completed during the current financial year. It is unlikelv that Edutech will look to provide computer facilitie5 to more schools in this area. The Trustees have continued their fundraising activities this year, generating total income of £8,658. The majortty of these funds were raised at a fundraising dinner, which generated more than £7,000. As ever, the Trustees would like to extend their thanks to all those who have generously donated funds to the charity this year. The Trustees are planning further fundraising efforts in 2026. A major project for the charity this year was the development and establishment of a new website- our previous website was old and lacked functionality. We were fortunate to have considerable time and skills of Trustee Helen Keen applied in doing much of this work, so that the cost to the charity of the new website was a very modest £568, with the new website launched in November 2024. Apartfrom this cost, and the catering cost of our main fundraising dinner in the year l£1.6111, our operating costs were as eververy modest at £235. The charity remained in a robust financial position at the year end, with funds of just over £19.600 in the bank as at 30 September 2025. The Trustees consider that the ideal minimum level of free reserves as at 30 September 2025 is £2,000. Free reserves held at the year-end were £19,600. In prattice, the Trustees endeavour to keep at least £10,000 of uncommitted 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 basis at the year end YYY Foundation had reserves available for projetts of £9,600, most of which 15 earmarked for the planned spend on computer rooms at the two Mugu schools. YY Foundation is a Charitable Incorporated Organisation regulated by the Charity Commission. The Trustees can confim that they do not receive any remuneration for their services to the charity or expenses for arting 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. urung Chaimian and Trustee 27 November 2025 YYY Foundation Accounts for the Year Ended 30 September 2025 Receipts and Payments Account for the Year Ended 30 September 2025 Note Unrestrfrted Funds Restrlrted Funds Total 2015 TotAI 1024 Recelpts Donatior Fundraising 8,378 8,378 2,3CQ L768 8,658 8,658 4,128 Payments Fund5SFEnt t)n Projects FU￿raiSirE Costs Dtt*r Cc6ts 13.776 1,611 1,611 6,371 2.415 2.415 20,147 Excessd Receipts I￿r PayTher 6,243 6.243 116,0191 Netassets at l Octd)er 2023 13,418 13,418 29,437 Netassets ￿ 30 Septemtsr 2024 19.661 19.661 Statement of Assets and Liabilities as at 30 September 2025 Lknrestrlded Funds Restricted Fund$ Total 2025 Toral 202d Cash Furmts Bank Accwnt Petty Cash 19,638 23 19.638 23 19.295 23 19,661 19,661 19,318 CrÈthtor5 ndrycred￿c Net assets 41 ￿ septem1￿T 2024 19,661 19.661 13,418 Signed by the Chairman on behalf of all the Trustees Sarah Gurung Chairman and Trustee 27 November 2025 YYY Foundation Accounts for the Year Ended 30 September 2025 Notes l. Funds Spent on Projects Nofundswere spent on projects in Nepal thisyear. Lastyear. YYY Foundation pald £6,139 to partner charity Days 4 Girls for their work at four schools= Gumghadi and Soru schools in Mugu, and Jagadamba and Shiva Sundar schools in Bardiya. In response to the earthquake in Jajarkpot. which occurred while Trustees Sarah and Sera Gurung were In Western Nepal, the Gurungs took relief supplie5 UP to Jajarkot themselves at a cost to the charity of £1.737. £5.900 was accrued to cover the costs of two computer rooms in Bardiya. which were completed during this year. 30 Sept 2025 30 Sept 2024 Women's Health for Schools Jajarkot Earthquake Relief Two Bardiya SchoL4 ComFKrter Rooms 6,139 1,737 13,776 2. Fundraising Costs During the year the Trustees held a fundraising dinner, ten years on from one of our first fundraisers. The dinner raised over £7,¢XIO, with associated catering and other costs of £1,611. 3. Other Costs There was no Tru5teevisit to Nepal durirtr8the year. The majority of other costs related to the design and implementation of the charity's new website, launched in November 2024 at a cost of £568.