YMO TRUST LTD
YMO TRUST is dedicated to help prevent child labour, advance education and work skills for the benefit of all. Our Education Training Centre in Bangladesh provides education, vocational training courses and teaches basic life skills. YMO TRUST will also actively contribute to charitable activities within the areas it operates.
Objects
1.TO ADVANCE EDUCATION AND WORK SKILLS FOR THE PUBLIC BENEFIT IN PARTICULAR BUT NOT EXCLUSIVELY OF YOUNG PEOPLE IN BANGLADESH.2.THE PREVENTION OR RELIEF OF POVERTY FOR THE PUBLIC BENEFIT IN PARTICULAR BUT NOT EXCLUSIVELY OF YOUNG PEOPLE IN BANGLADESH.3.TO PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net loss of £20,582 for the year, with total expenditure of £77,481 exceeding incoming resources of £56,899. Despite this loss, the trustees report that unrestricted funds (reserves) stood at £56,852, which they consider adequate to meet working capital requirements and continue current activities. The trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The charity currently has a 3 year reserve. In the Trustees’ view, the reserves should provide the charity with adequate financial stability to meet the working capital requirements of the charitable work” — page 8
Policies the charity declares
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- ABDULLA CHOUDHURYchair
- Damian Jason Provencal
- Foiz Ahmed
- Muhammed Muhit Miah
- Shajul Islam
- Tera Miah
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £57k | £77k |
| 30/04/2024 | £79k | £73k |
| 30/04/2023 | £37k | £36k |
| 30/04/2022 | £45k | £28k |
| 30/04/2021 | £28k | £27k |
Common questions
Is YMO TRUST LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net loss of £20,582 for the year, with total expenditure of £77,481 exceeding incoming resources of £56,899. Despite this loss, the trustees report that unrestricted funds (reserves) stood at £56,852, which they consider adequate to meet working capital requirements and continue current activities. The trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were independently examined.