THE YUSEF FOUNDATION
To advance the education ( including tertiary, social and physical training) of children and young people under the age of 21 years (at the time the application is approved) , being permanent residents of the United Kingdom or the Island of Cyprus.
Objects
FOR THE PUBLIC BENEFIT TO ADVANCE THE EDUCATION (INCLUDING TERTIARY, SOCIAL AND PHYSICAL TRAINING) OF CHILDREN AND YOUNG PERSONS UNDER THE AGE OF 21 YEARS (AT THE TIME THE APPLICATION IS APPROVED), BEING PERMANENT RESIDENTS OF THE UNITED KINGDOM OR THE ISLAND OF CYPRUS, IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT, INCLUDING BY, 1. AWARDING TO SUCH PERSONS BURSARIES, SCHOLARSHIPS, MAINTENANCE ALLOWANCES OR GRANTS TENABLE AT ANY RECOGNISED SCHOOL, UNIVERSITY, COLLEGE OR INSTITUTION OF HIGHER OR FURTHER EDUCATION;2. PROVIDING FUNDING TO ASSIST THEIR EDUCATION (INCLUDING THE STUDY OF SPORT, MUSIC OR OTHER ARTS), TO UNDERTAKE TRAVEL IN FURTHERANCE OF THAT EDUCATION OR TO PREPARE FOR ENTRY TO ANY OCCUPATION, TRADE OR PROFESSION ON LEAVING ANY EDUCATIONAL ESTABLISHMENT;3. PROVIDING FOR THE PHYSICAL AND MENTAL HEALTH OF SUFFERERS OF ANY SEVERE AILMENT OR DISABILITY WHERE THIS AFFECTS THEIR ABILITY TO ACCESS EDUCATION, THROUGH THE PROVISION OF FINANCIAL ASSISTANCE, SUPPORT, EDUCATION AND PRACTICAL ADVICE;4. PROVIDING FUNDING TO SUCH ESTABLISHED AND REGISTERED CHARITIES IN THE UNITED KINGDOM OR THE ISLAND OF CYPRUS THAT ARE ESTABLISHED FOR THE ADVANCEMENT OF EDUCATION OF CHILDREN AND YOUNG PEOPLE UNDER THE AGE OF 21 YEARS.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net outgoing of resources of £18,870 for the year, resulting in a decrease in total reserves from £599,843 to £613,241 (including unrealised gains). The trustees report that they have taken no expenses or remuneration and maintain tight control over expenditure. Cash at bank decreased significantly to £4,582, while the investment portfolio value increased to £610,459.
What the accounts disclose
“Sale of units. (of which £2,617 capital gain) 20,000”
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds 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
Trustees
- MR A T YUSEFchair
- MISS T M YUSEF
- MRS C A YUSEF
- Stephen Norton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £33k | £52k |
| 29/02/2024 | £8k | £42k |
| 28/02/2023 | £6k | £35k |
| 28/02/2022 | £7k | £34k |
| 31/12/2020 | £133k | £40k |
Common questions
Is THE YUSEF FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net outgoing of resources of £18,870 for the year, resulting in a decrease in total reserves from £599,843 to £613,241 (including unrealised gains). The trustees report that they have taken no expenses or remuneration and maintain tight control over expenditure. Cash at bank decreased significantly to £4,582, while the investment portfolio value increased to £610,459. Its FY2025 accounts were independently examined.