## **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|| |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)**| |1|Samuel Boyd|||| |2|Eloise Newton|Chair|Appointed 13
March 2024|| |3|Noluthando
Langa|||| |4|Kyle Soo|||| |5|Rosemary
Helen Turner|||| |6||||| |7||||| |8||||| |9||||| |10||||| |11||||| |12||||| |13||||| |14||||| |15||||| |16||||| |17||||| |18||||| |19||||| |20||||| 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** **----- Start of picture text -----**
Signature(s)
Noluthando Langa
Noluthando Langa (Jun 7, 2025 19:35 GMT+1)
Full name(s) Noluthando Langa
**----- End of picture text -----**
**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 £**| |Bank interest|**2**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**2**||||||**-**| ||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||| ||**-**||||||| ||**-**||||||**-**| |**_Sub total_**|**-**||||||**-**| |**_Total receipts_**
**A3 Payments**|||||||| ||||||||**-**| ||||||||| |Bursaries distributed|**-**||||||**-**| |Bank charges|**60**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| |**_Sub total_ **|**60**||||||**-**| ||||||||| |**A4 Asset and investment**
**purchases, (see table)**|||||||| ||**-**||||||| ||**-**||||||| |**_Sub total_ **|**-**||||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||| ||||||||**-**| ||||||||| ||**- 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 £**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||Noluthando Langa(May9,2025 15:32 GMT+1)
Noluthando Langa|Noluthando Langa|09/05/2025| ||||| CCXX R2 accounts (SS) 09/04/2025 2