**Yeni Yaşam - New Life Charity Shop** (a charitable incorporated organisation)
**Trustees Report for the period 24 January 2024 to 30 September 2024**
**Registered charity number: 1206697**
|**Yeni Yaşam - New Life Charity Shop**
(a registered charitable incorporated organisation)||
|---|---|
|**Trustees Report**||
|**for the period 24 January 2024 to 30 September 2024**||
|**Contents**|**Page**|
|**Legal and Administrative Information**|**2**|
|**Report of the Management Committee**|**3**|
1
## **Yeni Yaşam - New Life Charity Shop**
## **Report of the Management Committee for the period 24 January 2024 to 30 September 2024**
The Management Committee presents its trustees’ report for the period 24 January to 30 September 2024.
## **Reference and Administrative Information**
Charity Name: Yeni Yaşam - New Life Charity Shop Charity registration number: 1206697 Registered Office: 190 Vartry Road, South Tottenham, London N15 6HA
## **Management Committee**
Mr Yiu Loy Cheung Chair Rev Charles Lujumba Mugenyi Trustee Mr Byran Edward Sycamore Trustee
## **Bankers** – Virgin Money UK, 177 Bothwell Street, Glasgow G2 7ER
2
## **Our Aims and objectives**
## Purposes and Aims
Our charity’s purposes as set out in the objects contained in the company’s constitution are:
- for the public benefit, the prevention or relief of poverty or financial hardship in and around Haringey, a district within the London Borough of Haringey
- in particular but not exclusively by providing individuals in need with food at low cost and with support to enable them to find lasting relief from financial hardship
- • by providing grants to charities and other organisations working to relieve poverty or financial hardship.
The aims of our charity are to fight poverty around the borough through the operation of our charity shop. Our aims fully reflect the purposes that the charity was set up to further.
## Ensuring our work delivers our aims
We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review helps us ensure our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
## The background
All trustees have been associated with Haringey for many years. The area has deprived migrants, including Turkish and Kurdish communities, which are generally secluded groups maintaining their languages and finding it hard to assimilate well into British society.
We felt the need in 2016 to create a venue where people in poverty and financial hardship in the area could buy donated items and other essential items, etc, at lower rates.
We formed a community benefit organisation and registered as a company limited by guarantee, ‘Yeni Yasam – New Life’ (company no. 10375241). The company leased shop premises and in July 2017 opened a charity shop to fulfil its objectives. The shop was beginning to realise some of its objectives. However, the COVID-19 lockdowns struck, and the shop could not continue. The shop closed, and we surrendered the lease in October 2020.
3
## The focus of our work
Our main objective for the year was to find suitable premises to restart the charity shop amidst the challenge of poor economy and rising cost of operation. We made efforts to raise funds for the project by connecting potential donors, presenting the needs of the deprived Turkish and Kurdish community and the help we would offer.
## How our activities deliver public benefit and future plans
We are aware that the needs are now greater than in 2020, with not only the cost-ofliving crisis but also an influx of refugees and asylum-seekers principally from the Levant.
When suitable premises are found, we hope that the shop as a hub will provide appropriate services each week. The facilities will prioritise those who can provide legitimate information about their circumstances and show that they are entitled to government benefits
The charity will form connections with local businesses and organisations and seek opportunities for collaborative working and diversification of funding sources. It will work to expand its network of goods and services suppliers and donors. It will regularly communicate with donors. It will be present at local events.
In addition to the aim of relieving poverty and financial hardship, we are keen to support local communities by encouraging the acquisition of language skills and other life skills among those in poverty and financial hardship in the local population, to enable an increase in self-confidence, access to employment and lasting relief from poverty and financial hardship. Weekly adult English language classes (at absolute beginner, elementary and intermediate levels) given by qualified teachers will be offered.
Alternatively, we will make grants to enable other charities and organisations to provide support to those in poverty and financial hardship in the area.
## **Financial Review**
We are taking steps to dissolve the company ‘Yeni Yasam – New Life’ after the charity registration was granted. There is no connection or relationship between the charity and the company. Before the dissolution, the remaining balance of £1,400 from the company was transferred to the charitable incorporated organisation.
Against the backdrop of limited resources and insecurities over funding, it has continued to be difficult to plan or develop services. Nevertheless, the charity secured a grant loan of £15,000 from Evangelical Global Mission (formerly known as “Evangelical Church of China Hong Kong Mission” which enables the reopening of the charity shop in 2025. Once the shop is set up, we expect it to be self-sustainable, and generate funding for future development and services.
4
## **Reserves Policy**
Due to a tight budget at the start of the charity shop, no reserves policy was established. In addition, the grant loan from Hong Kong is restricted for the reopening of the shop. However, once it starts to operate, the management committee will look into the matter and set up the policy, as necessary.
## **Structure, Governance and Management Governing Document**
## Governing Document
Yeni Yaşam - New Life Charity Shop was registered as a charitable incorporated organisation (CIO) on 24 January 2025. The CIO was established under a constitution governing the objects and powers of the organisation. If the CIO is wound up, the members of the CIO shall have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
## Recruitment and Appointment of Management Committee
The management committee consists of the charity trustees, a minimum of three, Under the charity law and the constitution of the organisation. The members of the management committee shall serve for an initial term of three years, which may be extended for further terms of three years. Apart from the first charity trustees, charity trustees shall be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees shall have regard to the skills, knowledge, and experience needed for the effective administration of the CIO. All members of the Management Committee give their time voluntarily and receives no benefits from the charity.
This report has been prepared in accordance with the Charity Statement of Recommended Practice (2013) relating to small entities. Approved by the Management Committee on 16 July 2025 and signed on its behalf by:
Rev Charles Lujumba Mugenyi (Trustee)
5
||**Charity Name**
**Yeni Yasam - New Life Charity Shop**
**1**|**Charity Name**
**Yeni Yasam - New Life Charity Shop**
**1**|**Charity Name**
**Yeni Yasam - New Life Charity Shop**
**1**|**No (if any)**
**206697**|**CC16a**|
|---|---|---|---|---|---|
||**For the period**
**from**|**1/24/2024**|**To**|**9/30/2024**||
|||||||
|**Section A Receipts and payments**||||||
|**A1 Receipts**
Internal Transfer from companyaccount
**1,400**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**1,400**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 1,400**
**A3 Payments**
ICO Renewal
**35**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ 35**
**-**
**-**
**_Sub total_ -**
**_Total payments_ 35**
**_Net of receipts/(payments)_ 1,365**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**-**
**_Cash funds this year end_ 1,365**
**Unrestricted**
**funds**
**to the nearest £**
**_Sub total_**_(Gross income for AR)_
**A2 Asset and investment sales, (see**
**table).**
**A4 Asset and investment purchases,**
**(see table)**||**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Restricted**
**funds**|**to the nearest £**
**Endowment**
**funds**|**Total funds**
**to the nearest £**
**1,400**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**1,400**
**-**
**-**
**-**
**1,400**
**35**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**35**
**-**
**-**
**-**
**35**
**1,365**
**-**
**-**
**1,365**|**Last year**
**to the nearest £**|
||||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**1,400**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**1,400**|**-**|
|||||||
||||**-**
**-**
**-**|**-**||
|||||**-**|**-**|
|||||**-**|**-**|
|||||||
||||**-**|**1,400**|**-**|
|||||||
||||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**35**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**35**|**-**|
|||||||
||||**-**
**-**
**-**|**-**||
|||||**-**||
|||||**-**|**-**|
|||||||
||||**-**|**35**|**-**|
|||||||
|||**-**|**-**
**-**
**-**
**-**|**1,365**|**-**|
|||**-**||**-**|**-**|
|||**-**||**-**|**-**|
|||**-**||**1,365**|**-**|
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
**Details**
**B1 Cash funds**
**Cash in Bank**
**Details**
**B2 Other monetary assets**
**Details**
**B3 Investment assets**
**Details**
**Details**
**B5 Liabilities**
Signature
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**B4 Assets retained for the**
**charity’s own use**
Signed by one or two trustees on behalf of all
the trustees|**to nearest £**
**to nearest £**
**1,365**
**-**
**-**
**-**
**-**
**-**
**1,365**
**-**
OK
OK
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Print Name
Yiu LoyCheung
Chairman
**Unrestricted**
**funds**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**|
|---|---|---|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||OK|
|||**to nearest £**
**Endowment**
**funds**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**Current value**
**(optional)**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**Current value**
**(optional)**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**When due**
**(optional)**|
||||
||||
||||
||||
||||
||||
|||Date of
approval|
||Yiu LoyCheung|7/14/2025|
||Chairman||