2022-08-31-accounts - Year Here Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees' Annual Report for the period

From Period start date To Period end date 1 Sept 2022 31 August 2022

ection A

Reference and administration details

Charity name

Year Here Foundation

Other names charity is known by Registered charity number (if any) 1190169

Charity's principal address c/o Addition Financial Limited

1 Lyric Square London Postcode W6 0NB

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name Office (if any) Dates acted if not for whole year Mayur Gupta Chair 10/11/2021 to present Joshua Babarinde Chair 29/06/2020 to 10/11/2021 Bijan Hakimian Jessica Barratt	Trustee name Office (if any) Dates acted if not for whole year Mayur Gupta Chair 10/11/2021 to present Joshua Babarinde Chair 29/06/2020 to 10/11/2021 Bijan Hakimian Jessica Barratt

	Name

June 2023

TAR

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address




Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management Description of the charity’s trusts Type of governing document (eg. trust deed, constitution) Constitution How the charity is constituted (eg. trust, association, company) Charitable Incorporated Organisation (CIO) Trustee selection methods (eg. appointed by, elected by) Appointment by Trustees

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

●policies and procedures adopted for the induction and training of trustees;
●the charity’s organisational structure and any wider network with which the charity works;
●relationship with any related parties;
●trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities	Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
	The objects of the Foundation are, for the public benefit: To advance education and training, in particular (but without limitation) the subjects of social innovation, social entrepreneurship and the skills, methods and techniques required for the establishment and management of charitable, philanthropic and benevolent institutions by the provision of bursaries to those in financial hardship undertaking a course of study in the subjects; and to advance any other purpose recognised as charitable under English law.

Section C
Objectives and activities

Summary of the objects of the
charity set out in its governing
document

The objects of the Foundation are, for the public benefit:
To advance education and training, in particular (but without limitation) the
subjects of social innovation, social entrepreneurship and the skills,
methods and techniques required for the establishment and management
of charitable, philanthropic and benevolent institutions by the provision of
bursaries to those in financial hardship undertaking a course of study in the
subjects; and to advance any other purpose recognised as charitable under
English law.

June 2023

TAR

Provision of Bursaries

To provide bursaries, Year Here Foundation:

Assesses the likelihood bursary applicants experiencing financial hardship while studying. Likelihood of experiencing financial hardship is assessed on the basis of factors such as savings, net outgoings and average earnings prior to study.
Selects bursary recipients based on the above assessment of level of need. Selection decisions are made by the Year Here Foundation Board of Trustees.
Allocates bursaries and informs bursary recipients of its decision ahead of recipients’ course start date.

● Disburses bursaries in instalments across period in which bursary Summary of the main activities recipients will be engaged in study. undertaken for the public benefit in relation to these In undertaking the provision of bursaries, the Trustees have had regard for objects (include within this the guidance on public benefit issued by the Charity Commission. section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

3 June 2023

TAR

Section D

Achievements and performance

Summary of the main achievements of the charity during the year

Decision Making

£5,000 was allocated to an individual in financial hardship undertaking a course of study in social innovation, social entrepreneurship and the skills, methods and techniques required for the establishment and management of charitable, philanthropic and benevolent institutions. The individual is due to participate in the course from February to December 2022.

Provision of Bursaries

As allocated in the 2020/21 reporting year, the Year Here Foundation successfully distributed £10,000 in grant funding as bursaries to two people completing the course over the 2021/22 academic year.

In addition, £2,500 of the aforementioned £5,000 bursary was distributed in two instalments to one individual who is completing the course over the 2022 calendar year. The remaining £2,500 is due to be distributed in the next reporting period (1[st] September 2022 to 31[st] August 2023).

4 June 2023

TAR

Section E

Financial review

Year Here Foundation does not have an active reserve policy in place.

Brief statement of the charity’s policy on reserves

Details of any funds materially n/a in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F

Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Bijan Hakimian Position (eg Secretary, Chair, etc) Trustee Date 25 June 2023

June 2023

TAR

	Year Here Foundation	Year Here Foundation	Year Here Foundation	1190169	CC16a
	For the period from	1/9/21	To	31/8/22

Section A Receipts and payments
A1 Receipts	Unrestricted to the nearest £	Restricted funds to the nearest £	Endowment to the nearest £	Total funds to the nearest £	Last year to the nearest £
Interest Payments	1	-	-	1	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
~~*Sub total~~~~(Gross income for AR)*~~	1	-	-	1	-

A2 Asset and investment sales,
	-
	-				-
~~*Sub total*~~	-				-
*Total receipts* A3 Payments
					-

BursaryPayments	-	12,500	-	12,500	-
Bank Fees	96	-	-	96	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
**Sub total **	96	12,500	-	12,596	-

A4 Asset and investment
	-
	-
**Sub total **	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					-

	- 95				-
	-				-
	-				-
	- 95				-

Section B Statement of assets and liabilities at the end of the period

Categories B1 Cash funds B2 Other monetary assets	Details Bank Balance Details Details *Total cash funds* (agree balances with receipts and payments account(s))	Unrestricted to nearest £ 3,897 - - 3,897 Agreement Error Unrestricted funds to nearest £ - - - - - - Fund to which asset	Restricted funds to nearest £ 4,500 - - 4,500 Agreement Error Restricted funds to nearest £ - - - - - - Cost (optional)	Endowment to nearest £
				-
				-
				-
				-
				OK
				Endowment funds to nearest £
				-
				-
				-
				-
				-
				-
				Current value

CCXX R1 accounts (SS)

6/26/23

B3 Investment assets

B4 Assets retained for the charity’s own use

B5 Liabilities

Signed by one or two trustees on

				-	-
				-	-
				-	-
				-	-
				-	-
Details	Fund to which asset		Cost(optional)		Current value
				-	-
				-	-
				-	-
				-	-
				-	-
				-	-
				-	-
				-	-
				-	-
Details	Fund to which		Amount due		When due
Bursaries Allocated	Restricted Funds		2,500
				-
				-
				-
				-
Signature	Print	Name			Date of approval
	BIJAN HAKIMIAN				25/6/2023

CCXX R2 accounts (SS)

6/26/23