Comp•ny Number: CWJS753 Charlty Nurnb•r: 1207698 YUNGMASH COLLEcnvE IA ¢hwk4ble Incorpornted o￿n{S￿lI0￿) UIIAUDITEO TRUSTEES. REPORT AND FIIIANaALsfATEMEP4TS FQII THE PEAIOD FROM 2 APRIL2024 TO 31 DECEWER 2024 YUNGMA5M COiiEcfivE IA ch•rftsble Incorporal•d ory•n15atlofil CONTENT5 Reftr•Trce •nd admln15trkn d*t•ls olthe charfty. Its tryrtees Ind •d¥lse Tnth. rnport 24 S¢thmentolflM￿III •cll¥ltl l•nc• ¥he•t Not•s toth• Iln•rtlal ¥tst•m•hts YVNGMASH COLLEcllvE {A ¢harftabl• Incorporated orianSsatk)nl REFERE NCE AND ADMINISTRAnvE DEfAILS OF THE COMPAMY, ITS TRUSTEESAND ADVISÉAS FOR THE PERIOO FROM 2 APRIL 2014 TO 31 OECEMBER 2024 Trnstees Bron¥Yyn Gudrun Ma¢C•llurn {appolnted 021WZ4 r•slined 131051241 Konstantln Rozhnov (•ppolntsd 02104n4 ￿5￿ned 27111124) Mar¢ Joseph Halserna lappoSnted 02104124) Y•va K*babdSlan {appolnted 011071241 Dmltry Shlshkln {•ppdnted 01107124) m•ron McBrld• lappolrfed 011071241 Charfty rrylstered number 1207698 Company wlst•r•d numlxr CEOJ5753 Correspond•nc• addr•ss 19 B￿ban• Av•nu• London SW19 3AF Accountants st•rflfftp Ltd c￿rtered A¢countsnts iawlord House Al￿rt Plac• L4Mdon Na IQA YUNGMASH COLLECTIVE IA charlt•ble Incorporated orK¥n15atlon) TRUSTEES, REPORT FOR THE PERIOD FROM 2 APRIL 2024 TO 31 DECEMBER 2024 The Trustees are pleased to present thelr annual trustees, report together with the financial statement5 of the Yungmash Collertlve for the perlod from 2 Aprll 2024 to 31 December 2024. The financial statements comply with the Charities Act 2011, the Constitution. and Accounting and Reporting by Charities: Statement of Recornmended Practice applicable to charfiies preparing their •ccounts In accordance with Financlal Reportln8 standard appllcable In the UK and Republlc of Ireland IFR51021 leffecthe i JaTr￿ry 20191. Obl•ctlv•s and Artlvltle$ Cons￿1¥11￿n and obletts The collectfve 15 a charltable Incorporated oryan15atlon. It Is entered on the Central Re8lster of Charities under number 1207698. The 8overnin8 In5trument15 the constltutton assoelatlon whSch was adopied on 2 Aprll 2024. In the event of the collectlve belrt8 wound up members have no liability lo contribute to its assets and no personal responslbillty for 5ettlSng its debts and Ilabllltles. The obiects of the charity are to advance in Ilfe and help youn8 people aged 18-25 by pioviding mentorin8 dlrected at developing their skills. capacilies and capabilities to enable them to partScipote In soclety as mature and responsible Individuals. Tru5t••s The trustees who have seryed durlng the year an(1 slnce the year end are set out on page l. Untjer the requlrements of the can5titutlon the trustee5 may appolnt any person wlth suitable skills. knowledge and experience, who is wlllin8 to be a trustee In order to fill a Casual vacancy or as an additlonal trustee. There Is no requlrement on the trustees to retlre by rotatlon. Pyblk B•nefft We have referred to the guldance contalned Sn the Charlty Commis5ion'5 generdl 8uldance on public benefit when revlewing our aims and oblertlves and In plannlng our fvture attivities. In particular. the Truste￿ consider how Such planned activities will contrlbute to the aims and objectives of the Yun8Mash Collectlve. YUNGMA5H COLiEcfivE IA charltabl¢ Incorporated orianlsation TRUSTEES, REPORT Icontlnuedl FOR THE PERIOD FROM 2 APRIL 2024 TO 310ECEMgER ZO24 Hnandal f•¥lew The collertlve received no income lor the period and paid no expenses. The surplus for the perfod amounted to £NIL. Rlsk man4em•nt The irustees have condurted a review of the malor rlsks to whSch the charity is exposed. FU￿r• plans The trustees contlnue to plan to Increase the •wareness of the Charity amongst Potentlal applicants for menlortn8. Trust••S' fesponslbllit1•5 Stat•ment The Trustees are re5ponslble for prèparinB the Trustees report and the flnanclal siatements In Jccordan¢e wlth applicable lawand United Kin8dom Accounting standards IUnSted Klngdom Generalty Accepted Accountlng Practke). The law applkable to charltles in England and Wa￿S requlres the Trumees to PTep•re financial atements for each flnancial year which glve a true and falrview of the State of affalrs of the charlty and of the Incomlng rÈsources and application of resources. includin8 thè income ènd expendSture. of the charity for that perlod. In preparing these financlal statements, the Trustees are ￿qUIred to: select Suitable accountin8 pollcies and then apply them con51stently* ObSe￿e the methods and principles in the CharStles SORP.. make judgments and attounting estimates that are rea50nable and prudent.. State whether applicable accountSn8 stsndards have been followed. syblett io any fflaterlal departures ihat must be disclosed and explained In the flnancial statement5. and prepare the h'nancial statements on the Bolng con￿rn basis unless It Is Inappropriate to presume that the charlty wlll contlnue In operation. YVNGMASH COLLEcfivE IA charltAble lrtrorporatod oryanlsatlon TRiISTEf S, REPORT IcontSnuedl FOR THE PERIOD FROM 2 APAIL 2024 TO 31 DECEMBER 2024 The Thjstees I￿ responslble for keepin8 adequate accounting record5 Ihat are sufficlent to show and explain the chartW5 tran5artlons and dlsclose wlth reasonable accuracy at any tome the financial pjsition of the Charfty and enable them to ensure that the financlal statemenis comply wrÉh the Charftle5 Aci 2011. They are also responsible for safe8uardin8 the a55ets ol the charity and hence for taklng reasonabl¢ steps for the preventlon and deteclion of fraud and other Irre8ularltle5. Thls report w•$ •pproved by the Trustees and s*ned on thelf behalf by: Mr D Shlihwn Trust•• 13-. 11. 202f YUNGMASH COLLEcfivE IA ¢harltable Incorporated oryanlsallon) ACCOUNTANT5, REPORT FOR THE PERIOO FROM 2 APRIL 2024 TO 310ÉCEMBER 2024 ¢ountants' report to the Truslees of the Yungmash Collectlve In accordance with the engagement letter we have prepared for your approval the financial Slatements of the Yungmash Collective for the period fr¢)m Z April 2024 to 31 December 2024 which comprises the receSpts and payments account. the Balance Sheet and the related notes from the entity's accountin8 recofds and from informatlon and eMplanatlon5 you have 8iven us. s J practicln8 member firm of the Institute ofchartered Accountants in En8land and Wales IICAEWI. we are sublert to its ethical and other professional requlrements which are ¢tetailed at Ic4ew.com/membershandbook. Thls report15 made solety to you, In accordance with the tem15 of our ensa8ement letter.. Our work ha5 been vndertaken solely to prepare for your approvol of the financ5al statements of the Yun8Mash CollectNe and state those matters that we have agreed to state io you in this report in accordance with ICAEWTechnlcal releaseTECH08116A4F. To the fullest extent permitted by law, we do notaccept or assume responslblllty to anyone other than the trustees forourwork or for thi5 report. You have Jpproved ihe financlal statements for the perlod from 2 Aprfl 2024 to 31 December 2024 and have acknowledged your responsibility forthem. for the approprlateness of the flnanclal reportln8 framework adopted and for providire all Infomatlon Ind explanatlons necessary for their compllation. We have not vèrified the accuracy or completeneu of the accountlni records or information and explanatlons you have 8r¥en to us and we do not. therefore. express any opinion on the financial statements. StertlnBs Ltd Lawford Hovse Albert Place London N3 IQA 17-11-2oZS YUNGMASH COLLÉcfivE IA tharlt•bl• In¢ofpor4t•d Of8anlsatlonl STATEMENT OF FINANCIAL ACTIVITIE5 (INCLUDING AECEIPTS AND PAYMENTS ACCOUNTI FOR ThE PERIOD FROM 2 APRIL 2024 TO 310ECEMBER 2014 Unr•rtrfrted Fundi 2014 Totsl Fundi 2024 Not•s Ret￿p￿ fyorn: DO￿tI)n5 recefved Investment income Bank interest NIL NIL NIL NIL NIL NIL Tot•1 ftttelpts NIL NIL Owrltable •rthltks Expefws Costs 01 generatln8 fvnds Investment manaaement costs Governance (NILI INILI INILI INILI INILI INILI Totrl p•ym•nts 1141L} Ilrt R•colpts NIL NIL R•¢ondllatlon of funds: Totsl fvnds brou8ht forward NIL NIL ToL41 lunds arrf•d fonv* NIL The notes on p•ges8 to 10 forni part of these financlal statemènts. YUNGMASH COLLecrivE IA eharltabl• Incorpor•t•d ory•nl••lloft) BAiANCE SHEET A5 AT 31 DECEMBER 2024 2024 Not• Net(Iirr•nt assets NIL Plet ass•ts Nll Ch•rtty Funds UnrÈ5trlcted fvnds Totsl fvnds NIL The finaftclal statements were approved by the trustees and $18ned on thelr beh•5f by: Mr D Shlshkln Comwy number: CE035753 Date.. /f //. The r￿te5 on pages 8 to 10 form p•rt of these flnanclal statements. YUIIGMASH COLLECTIVE IA charltable Incorporated organlsatlonl NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 2 APRIL 2024 TO 31 DECEMBER 1024 l. Accountlni pollcles 1.1 Ba￿5 ol pr*paratlon of IlnancSal ststements The financial statement5 have been prepared in accordance with Atcountlng and Reporting by ChaTlties'. Statement of Recommended Practlce applicable to charities preparing their accounts in accordance wlth the Financlal Reportlng Standard appllcable in the UK arrfl Republlc of I￿land IFRS 1021 leffective l January 20191 issued by the Charity Commis510n - Icharities SORP IFRS 10211, and the Financlal Reponlng Standard applicable in the UK and RepublSc of Ireland IFRS 1021. The YunBMa$h Collerti¥e constitutes a public benefit entity as defined by FRS 102. The financlal statements are prepared under the historlcal cost conventlon on a recelpts and payments basls. The financSal statemenls are presented in pounds Sterlin& which is alw the functlonal currency of the charlty. Roundlng of amounts shownls to the nearest pound. 1.2 General Inforniatlon The collect￿e Is a ¢harStable Incorporated or8anisatlon operating In England and Wale5 and is registered wSth the Charities Commlssion. The charIt￿S re81ste￿d office address is 19 Brisbane Avenue, London SW19 3AF. 1.3 Oryanlutlon Ststus The charity Is a charltable Incorporated organisation. In the event of the collective being wound up, member5 have no liabillty to contrlbute to its èssets and no personal responsiblllty for 5ettlin8 Its debts and liabilities. IA GoSn8 Con¢ern The trustees conslder that there afe no mateilal uncertalnties about the charltivs ability to continue as a 80ing concern. YUNGMA5H COLLEcfivE (Afharliable Intorporated oryanlsatlonl NOTES TO THE FINANCIAL STATEMENT5 Icontlnuedl FOR THE PERIOD FROM 2 APRIL 2014 TO JI OECEMBEA 2024 l. Accountlfi8 pollcles Icontlnuedl 1.5 Expenditur• Expenditure Is recogni5ed on a paid basis once there Is è iransfer of economlc benefit to third party and the amount olthe payment can be measured reliably. Expenditure Is classlfle¥J by activity. The costs of each actlvSty are ffjade up of the total of dlrect costs and shared Cort includin8 SUPPDrt costs Invclved In undertakln8 each activity- Direct costs attribuiable to single activity are allotated LI(rect￿ to that activlty. Sharèd costs whlch contrlbute to more than one activity aAd 5UPPOrt Costs which are not attributable to a 55n8le actNity are apportioned be￿etn those activitie5 on a ba$15 conslstent with the use of resources. 1.6 Inter¢rt rece5¥ed Interest on funds held tsn deposit is Sncluded when rettived and the amount can be measured rellably by the charity,. rhis is normalty upon notiflcatlon of the interest paid or payable by ihe Bank. 1.7 Cash at Bank and In hand Cash at bank and In hand indudes cash and short term highly Ilquid Investments wlth • short maiuiity ol three months or less from the date of acqulsition Or openln8 of the deposlt or similar account. 1.8 Judgefflents In the application of the collectlve'5 •ccountin8 polleies which are descrlbed above, Ihe tru5tee5 are required to make ludgemenis, esiimaies and assumptlons about the carryin8 value of assets and liabilities that are not readily •pparent from other sources. The e5tlmates and undertyin8 assumptions are based on Jud8emeni and experience togerher with any other fartors that are considered to be relevant. Actual results may differ from these estimates. Eslimate5 and èny underlyinB assumprions used are reviewed on a continuing basis. Revisions to accounting estimate5 are recogni5ed in the period in which the estimate is ￿ViSed if the revision èffects only that perSod. or in the period of the revision and ftstu￿ periods if the rev15ion aff￿t5 both the current period and 5ub5equent periods. YUNGMASH COLLEcfivE IA thadl•ble Incorporated or#anSsath)nl NOTES TO THE FINANCIAL STATEMENTS Iconllnuedl FOR THE PERIOD FROM 2 APRIL 2014 TO 31 DECEM8EA 2024 2. Net Incomlnl resour(e51 (re￿U￿*S empendedl During Ihe period, no Trustees ￿CeIved any remuneratlon. Ourin8 the period, no Trustees recelved any benefits in klnd. Durin8 the period, Tnjslees receive(I reimbursemeni of expenses of £NIL. OvrinK the pedod, no 51aff were employed apart from the Trustees and no remunerallon was p31d. The Trustee5 are a150 the key mana8ement personnel of the charity, J. Sumfflaryoffijnds I￿OrnIn1 R4￿UrCeS C•rrf•d For￿Id FoThvard Exp•nd•d General fvnds NIL NIL NIL NIL GENERAL FUNDS These are unrestrlcteil funds whlch the charlty can use In accordance wlih ihe objects of the charity wtthout any further speclfled purpose or any condltlons Imwsed by the donor. io