Trustees’ Annual Report for the period
From 1 September 2023 To 31 August 2024
Charity name: Year Here Foundation
Charity registration number: 1190169
Objectives and Activities
| SORP reference |
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| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | 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. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
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 recipients will be engaged in study. In undertaking the provision of bursaries, the Trustees have had regard for the guidance on public benefit issued by the Charity Commission |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | We confirm that Trustees have conducted their duties with regard to relevant Charity Commission guidance. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The Year Here Foundation continued to fulfil its objectives during this period through the provision of bursaries enabling participation of people from low-income backgrounds in the Year Here Fellowship programme of education and training. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| inancial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Foundation ended the year with £785 in cash funds, having settled all promised bursary payments for the period. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Year Here Foundation does not have an active reserve policy in place |
| Amount of reserves held | Para 1.22 | £0 |
| Reasons for holding zero reserves |
Para 1.22 | The charity has no current overheads, ahead of a strategic review process currently ongoing under new Trustees. This will include creation of a reserves policy. |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | n/a |
Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal Para 1.47 sources of funds (including any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other
Structure, Governance and Management
| Description of charity’s trusts: | ||
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable Incorporated Organisation |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are recruited through an open and public recruitment process, run by current Trustees. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures Para 1.51 adopted for the induction and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | Year Here Foundation |
| Other name the charity uses |
| Registered charity number | 1190169 |
| Charity’s principal address | c/o Multiply Accounting 71-75 Shelton Street London WC2H 9JQ |
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
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| 1 | Samuel Boyd | |||
| 2 | Eloise Newton | Chair | Appointed 13 March 2024 |
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| 3 | Noluthando Langa |
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| 4 | Kyle Soo | |||
| 5 | Rosemary Helen Turner |
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Corporate trustees – names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
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Signature(s)
Noluthando Langa
Noluthando Langa (Jun 7, 2025 19:35 GMT+1)
Full name(s) Noluthando Langa
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Position (eg Trustee Secretary, Chair, etc)
Date 07/06/2025
| Year Here Foundation | Year Here Foundation | Year Here Foundation | 1190169 | 1190169 | 1190169 | CC16a | |
|---|---|---|---|---|---|---|---|
| For the period from |
01/09/2023 | To | 31/08/2024 | ||||
| Section A Receipts and payments | |||||||
| A1 Receipts | Unrestricted funds to the nearest £ 2 - - - - - - - 2 - - - 2 - 60 - - - - - - - 60 - - - 60 - 58 - 843 785 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 2 - - - - - - - 2 - - - 2 - 60 - - - - - - - 60 - - - 60 - 58 |
Last year to the nearest £ |
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| Bank interest | 2 | - | |||||
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| Sub total(Gross income for AR) |
2 | - | |||||
| A2 Asset and investment sales, (see table). |
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| Sub total | - | - | |||||
| Total receipts A3 Payments |
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| Bursaries distributed | - | - | |||||
| Bank charges | 60 | - | |||||
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| **Sub total ** | 60 | - | |||||
| A4 Asset and investment purchases, (see table) |
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| **Sub total ** | - | - | |||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
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| - 58 | - | - | - 58 | - | |||
| - | - | - | - | - | |||
| 843 | - | - | 843 | - | |||
| 785 | - | - | 785 | - |
CCXX R1 accounts (SS)
09/04/2025
1
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Details Total cash funds Details Bank balance Signature Details Noluthando Langa(May9,2025 15:32 GMT+1) Noluthando Langa |
Unrestricted funds Restricted funds to nearest £ to nearest £ 785 - - - - - 785 - Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Noluthando Langa |
Endowment funds to nearest £ |
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| Endowment funds to nearest £ |
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| Current value (optional) |
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| When due (optional) |
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| Date of approval |
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| Noluthando Langa(May9,2025 15:32 GMT+1) Noluthando Langa |
Noluthando Langa | 09/05/2025 | |
CCXX R2 accounts (SS)
09/04/2025
2