Docusign Envelope ID: 160A3EFB-F17A-467A-8C7C-93A575DDD73E
REGISTERED COMPANY NUMBER: CE029723 (England and Wales) REGISTERED CHARITY NUMBER: 1199664
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
YGA (YOUNG GLOBAL IMPACT)
ADPL LLP Chartered Certified Accountants & Business Advisers Ernest House 293 Green Lanes Palmers Green London N13 4XS
Docusign Envelope ID: 160A3EFB-F17A-467A-8C7C-93A575DDD73E
YGA (YOUNG GLOBAL IMPACT)
Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 7 |
| Detailed Statement of Financial Activities | 8 | to | 9 |
Docusign Envelope ID: 160A3EFB-F17A-467A-8C7C-93A575DDD73E
YGA (YOUNG GLOBAL IMPACT)
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE029723 (England and Wales)
Registered Charity number
1199664
Registered office
Somerset House New Wing Exchange Studios, Anylab West Service Yard Goods Entrance Victoria Embankment London WC2R 1LA
Trustees
B Topaloglu Ms M Hasman G Mericliler
Company Secretary
9/27/2025
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Trustee
Page 1
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YGA (YOUNG GLOBAL IMPACT)
Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2024
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Period
1.10.22
Year Ended to
31.12.24 31.12.23
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 1 1,500
Charitable activities
YGA 219,000 66,000
Total 219,001 67,500
EXPENDITURE ON
Raising funds 87,500 2,500
Charitable activities
YGA 42,761 98,796
Other 11,779 991
Total 142,040 102,287
NET INCOME/(EXPENDITURE) 76,961 (34,787)
RECONCILIATION OF FUNDS
-
Total funds brought forward (34,787)
TOTAL FUNDS CARRIED FORWARD 42,174 (34,787)
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The notes form part of these financial statements
Page 2
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YGA (YOUNG GLOBAL IMPACT)
Balance Sheet 31 DECEMBER 2024
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31.12.24 31.12.23
Unrestricted Total
fund funds
Notes £ £
CURRENT ASSETS
Cash at bank 42,550 29,719
CREDITORS
Amounts falling due within one year 6 (376) (64,506)
NET CURRENT ASSETS/(LIABILITIES) 42,174 (34,787)
TOTAL ASSETS LESS CURRENT
LIABILITIES 42,174 (34,787)
NET ASSETS/(LIABILITIES) 42,174 (34,787)
FUNDS 7
Unrestricted funds 42,174 (34,787)
TOTAL FUNDS 42,174 (34,787)
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 9/27/2025
............................................. G Mericliler - Trustee
The notes form part of these financial statements
Page 3
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YGA (YOUNG GLOBAL IMPACT)
Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
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||||
|---|---|---|
|Period|
|1.10.22|
|Year Ended|to|
|31.12.24|31.12.23|
|£|£|
|Accountancy Fee|4,920|2,250|
|Other operating leases|186|-|
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3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the period ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the period ended 31 December 2023.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
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||||
|---|---|---|
|Period|
|1.10.22|
|Year Ended|to|
|31.12.24|31.12.23|
|Administrator|1|1|
|No employees received emoluments in excess of £60,000.|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|
|Unrestricted|
|fund|
|£|
|INCOME AND ENDOWMENTS FROM|
|Donations and legacies|1,500|
|Charitable activities|
|YGA|66,000|
|Total|67,500|
|EXPENDITURE ON|
|Raising funds|2,500|
|Charitable activities|
|YGA|98,796|
|Other|991|
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5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Total NET INCOME/(EXPENDITURE) TOTAL FUNDS CARRIED FORWARD 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Pensions Other creditors 7. MOVEMENT IN FUNDS At 1.1.24 £ Unrestricted funds General fund (34,787) TOTAL FUNDS (34,787) Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 219,001 TOTAL FUNDS 219,001 |
Unrestricted fund £ 102,287 (34,787) (34,787) 31.12.24 31.12.23 £ £ - 1 376 21,739 - 2,642 - 40,124 376 64,506 Net movement At in funds 31.12.24 £ £ 76,961 42,174 76,961 42,174 Resources Movement expended in funds £ £ (142,040) 76,961 (142,040) 76,961 |
|---|---|
continued...
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 67,500 TOTAL FUNDS 67,500 |
Net movement At in funds 31.12.23 £ £ (34,787) (34,787) (34,787) (34,787) Resources Movement expended in funds £ £ (102,287) (34,787) (102,287) (34,787) |
|---|---|
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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Docusign Envelope ID: 160A3EFB-F17A-467A-8C7C-93A575DDD73E
YGA (YOUNG GLOBAL IMPACT)
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2024
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Period
1.10.22
Year Ended to
31.12.24 31.12.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts 1 -
Donations - 1,500
1 1,500
Charitable activities
Grants 219,000 66,000
Total incoming resources 219,001 67,500
EXPENDITURE
Other trading activities
Purchases 87,500 2,500
Charitable activities
-
Advertising 5,387
Other
Pensions 394 991
Rent 3,178 -
-
Business Entertaining 4,052
-
Training 4,155
11,779 991
Support costs
Management
Wages 19,158 54,000
-
Social security 6,511
Travelling 348 -
19,506 60,511
Finance
Bank charges 90 35
Other 2
-
Consultancy 3,600
Professional fees - 36,000
3,600 36,000
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This page does not form part of the statutory financial statements
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Docusign Envelope ID: 160A3EFB-F17A-467A-8C7C-93A575DDD73E
YGA (YOUNG GLOBAL IMPACT)
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2024
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Period
1.10.22
Year Ended to
31.12.24 31.12.23
£ £
Other 2
Governance costs
Professional Fee 9,072 -
Accountancy Fee 4,920 2,250
Payroll Fee 186 -
14,178 2,250
Total resources expended 142,040 102,287
Net income/(expenditure) 76,961 (34,787)
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This page does not form part of the statutory financial statements
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