## **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
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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**
1
## **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.|
June **2023**
**TAR**
2
## **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**
5
||**Year Here Foundation**|**Year Here Foundation**|**Year Here Foundation**|**Year Here Foundation**|**Year Here Foundation**|**1190169**|**1190169**|**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
1
## **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
2