Compw regi>ration number. 6693065 Ch&7ty reWstrAts number. 1127701 SAYes Mentoring Ltd (A compw limittd by 8uaran*e) forthe Year 31 De¢¢mkn2021 David Dixie F C A Dixie A&8ociates 167 Black Hayrtes Ro&1 Selly Oak Birn)ingham B29 4RE
SAYes Menloring Ltd Contents Strategic Rewrt 2to3 Tnees, ReN)rt 4t06 stsiemtht of Trustees, Responsi111¢ Inde[dent Exami5 ReF*xt Statement of Finoncial Activities Balance Sheet 10 Notes to the Fin8ncsal Statements Iltol6
SAYes MeDtOriDZ Ltd Reference and Admlnlstrative Detalls Trnste¢s Mwy Ann Mulr¢, Chair (apwxtitwj 7 JuTte 2021) Marlon Bnw TrEWer{ap1nI 7 June 2021) David ja¢k {apInted 7 June 2021 aDd resigned 24 May 2022) TwyTriD8 (4)m)intrd 7 June 2021) Alexia Del¢igne (TtsigDed 7 Ju0¢ 2021) Adil Jiw8 (re8AgwJ 7 JuDe 2021) Rebec Le Flufy (resi 7 June 2021) Paul McHale (r¢S1d 19 March 2021) Jolm Pinkerron (r¢siwJ 7 June 2021) Sitnon Warr¢D (re$1d 7 June 2021) Se¢retry Mithelie P(rtter Prln¢lpAI Offt¢¢ 81 Skipper W4y St Neots PE196LT Compfiny Nimber 6693065 Cb*rlty Regtstrntk 1127701 BADk¢rfy NWe$l Bank 57 Victoria Stre4t London SWIHOHN Indep¢nden¢ Eumlner David Dixie F C A Dixie Associa 167 Black Hayne8 R(d Selty Oak B294RE
SAYe8 Mentoring Ltd Strategie Report for the Year Ended 31 Deeember 2021 31 DK¢mb¢r 2021. io Wmpliae s414C of the A¢t 2006. Backgro0 young people through meDtorin& We parthw with kKal autboritie4 cbarttie& runIty.baSed OTganisatiL and sdK)ols, PTovidiDg 9 months of onewtcone mentorship to the youn8 lple ID their Programn. ID 2020. in response to CoYi&19, we transitioned to remote mentorio& allowing to matth ullder.served young people with trained and Support V0hteer mentors from around the glo this has led to on incre8se in The Need domains relevant lo 8 young wson'8 indwerkn wrllthiog. These ilUde 8 more &itive vision of thenuelves and their futh. rK6itive sch1 wiAplxg ploRmeth and Yetetttiw and a range of positive impacts on the commimity and peer groups in whi¢h inrn¢L This entsits a of perspe¢tiv¢, of soclal capitsl and of se¢ure social ik)nds which llnpxt the 4lty of de¢ision m8king and healthy practices among young people. This is especialty Probl¢ntE¢ during a&)lescaw tre such disadvantsge5 compound the Challenge of rapid deVelOpn chaw aThJ sd behaviow8] long into the future. The resultant Tnstabiltty in housing and family Teltionship& in ¢thIal all4inML and in risk behAviour (including crime and drug taking) can further de&abiliJe ¢(Knmuniti¢s alrady tsw'k wweliabl< inadequate or expensive infrnstrN¢nwe (e.8., Water. sanitati. dipl w InfOn economie4 unemployiDent) aDd high leyeb of phy3i¢al and mental lyjrden. This Vulnerability is ¢4)e¢iaity slark for young p¢ople facin8 Si8nificènt lifo trllnsitio like the transiti from hi8h s¢hool into totiW employment. In thi$ contex¢ many young people kave educion with w Skills and carKr dKi5iOD making and art at the same time i1l.equl to navigate the ¢ompl¢x 50¢ial structsm drt¢m)ine I¢¢ w anploynent. This transition a]Jo tskes pi4ce at a time when yoww peopk age of th So¢1 ryoteAion th¢y may have accessed when they were younger. Many fa]1 out of the 181 and ¢¢on(thi¢ eniirety. Young NEETS then become especia]ly vutnerable and at risk of terni (%onrri¢ and Jocial ¢X¢hty1 dwin8 their trafysition In adu]thood. How We Meet Tbts Need At SA Yes we desi8n. deliver and supFKrt mentorships for Wth-s¢rJ young FW)le. We rerniii screen and train volunte¢r mentor4 who are individually match&l with a self-identifbed gender memee and are supported thTOU8hout their Men1P by ow transition speciali# team. MeDtOV5 me¢t for ¢mJe h(Mr a week for a nine month cycle. providing guidance, V(4¢y and supwvt in the ¥ext of transition planning and behaviournl design. Lkning weekty video call mtttin8S tDent(Ys and mentees wwk throu a transition planning and implementstion Fyocess fU331ll8 on gLKls acr055 ten domains: ¥lucation & le8min8, horn¢ & familyy community & ciu7wknp. work & money. and S[ & Ttcreation. &8 well as phl¢al heahh social hea] ideIty hea ernotional health and cogDi¢iv¢ h¢ahh. Fh til411 is wi8tt¢d a Transition speci18[ who provides extensive support to the menkn and me4Jtees throu the 9 month ¢orttracL This support involvos fornial Individual TTansitioD Plan (ITP) meetiny iTrte¥vention& and match re50ur¢ing throttgh aesS to suppoit
SAYU MentoriDg Ltd Strategic Report for the Year Ended 31 Dttember 2021 Our Impact the quality of d¢¢ision Thking and the c1$t¢ncY of healthy IKactitts. Athlitional impact measures include a sele¢tion of psychometrtc indicatths (e.&. executive fundion ard emotion regulation) &s weu as eA)nJmunity level indicators (school attthda. drop grade progre5sw thug use. unplated pregt)an¢y. ottd ¢oDflicl with the law). In collaboration wtth th¢ childr.3 Institute we have cartied out a rigorous evaluation of the impact of our programmes. Significa improvaneDts iti d1510 makin8 and hea]thy prnctices across all t¢n dOnls. We ajso rec¢ntty publislKd on our transition to trmeDknring due to COVID in ord¢r to shar¢ knowledge and insight wlth ¢ommunity wisaW and other Dojbprofits in South Afri¢a whose SAY¢s is ali8ned with th¢ following UN Sustsithle Development Goals: GO l.. No Povony; Go413'. Good Health & Well-BeiD8' Goal 4: (alIty EducatiOD: GOAI 5.. Gender Eluality: Goal 10.. Reduced In¢qualities. During 2021 launched our UK pilot progTomnx. We with cbridgeShitt ONI Southwark lo¢al authorities. in addilion to signing up some youn£ care leaver5 who are DOW living indemdenily. These young people are DOW being meowred atsd will ID 21)22. Beyond 2021 globally. We will explore m¢ntr¢ appli1{5 from outside the UK and fillzn8 Ind resources allow. we will FIH•DctsI revl¢w During 2021 the charity met all its expo from donati with a swplus Temaiw of £30,339. All donations re¢¢ived are unrestrtcted fund4. The InKne from dOllati and fid]ng vrn8 £6?2 which was more than double that of the yrar. a corresponding rise in tax recovery from Gift Aid to £13.996. Expenditure Increased by £l1.915 to £50,871. mainty to saIies with a redtion An grants to South Afri flecting a djange in allocation of fimd& Reserves as at 31 Dec¢mlxr 2021 were £35.444. Reserve w>lky The purFw of this•reserve w)li¢y is to iyjild aDd rnaintsin lw•te level of net Witho donor restricti0fL5 to suppcrt the organi4ati(M's day.1{ opetatiott% iti the event of unforeseen shortfalls. The reserve may a]50 be used for on¢-tim¢. non-recrrig exp¢nses wtll build long4erni ¢apa¢ity. suth as staff developmenL ttsear¢h and developmenl ot invesim¢nt ID infrastr. Reserles are not intrnded to repl a pernwiem loss of funds or elnninate an (wiD8 budget gap. The organi10 iDteThls for the reserves to be u*d nd replenished within a r¢&son8ble pffi(xJ of time. This reserves l1¢Y will be inwlanented in conjuctiort with the other finatal policies of the organis&ion and is inded w Su>rt the goals and strakgies in those related polici&8 and in slrategic and cFrati0041 plans. The targ¢t minimwn Operating R¢5erv¢ Fund is equal to six month'5 average rrri wsts. In addition to ea]cu]ating the actual operating re5erv¢ at the &8cal year erf the tty minimum will be calculated year after the approval of th¢ amual budge¢ and rew11t0 the Board in the regul financial reF.
SAYes Mentoring Ltd Trustees, Rrt Objeetfves and thltle4 bffie The trustees confirm that they lve ccdnplied with the reqyit¢mrnts of sedion 4 of the Charities Act 2011 to ha due r¢gard to public benefft guikn pth]ishl by the Chty Commissioo for En and Wales. The objects of the charity To act as 8 r¢souw¢ for nwginalised childTeD and young Fvle living in South Afri(4 the UK and ¢ls¢wher< means of.. advancing in life helping yo£ by dcveloptiw their skill& ¢opIll¢S and capabilities to enable th¢m to participale in lety as itskpende¢ matswe and resp(os11¢ individuals. v8n¢ing educion; providiD8 re¢r¢ational and le15ure tllne 8dTvity in the interests of xtial welf&E foT people living In the of benefit who have nJ by rewn of their Y 88e. iDfJrniity (Y disability. verty or %)cial and economic To provide a TransitiOD to IDdepth LiviD8 (11L) Y(xrfh Metttori08 Pro8rallllne for.. South Africa 2022.. 150 peopl¢ S(Arth Africa 2023.. 165 yow)8 wyle UK 2022: 30 yQUD8 peiple UK 2023 45 young people To guide the prorn bettefi¢iariu ¢oward4 life iti society as %lf.5uAaitiing adults To provide support with famity COMMlty integraOll To build an effectiVe•Tesourtt bonk ID ryder to wovide a¢ce55 to employrrf ¢dUtIo ski118 trnining jnd To ¢ontitiually develop our model aTMJ (any research to effectiveDe internationa]ly, to ¢onduct research on the TIL to ensure CQDtinued dev¢l(yn¢ot improvemenL Medlum ¢(• i% Tern ObJecdv¢8 To provide an effed1 youth Mentori Progra ff8WiSattonaJ molkl that is lIbl4 imp&tfvl.
SAYU Mentoring Ltd Strnctsrfy governaDee SAYes MeDtoring Ltd is a compgtty limited by and w&s incon on 9 September 2008. JI is governed by its Memor8ndum and Arti¢ks of Association dated 9 Wber 2(K18 and len(l to allow for cuirent governance on 5 December 2¢X)8. It is restered as a chty with the Clwity Commission. On I l April 2011, the name w&4 offi¢ially Changed from Off The Street Kids to South African Youth Education for Swstsinability {SAYe5) and on 9 septern1r 21f21 w&s changed w SAYes Mentoring IA SAYCS is & rcgistttcd Tnrt PBO, NFf) al secti 18A Wisati in South AfrTc& As se¢ in the Article5 of A550ciation the chair of the Bogrd of Direth5 13 nomi by vote. Th¢ bo&Td of dirtttors which can have up tt> 15 mrrnba4 admiDisth the Charity. The FM)ard nkets whenever n¢ed¢d and the Executive Director is app)inted to matU8e the day to d8y OW4tions of the charity. To facilitste efftctive operation4 the Executive Dtr¢ctor h&% delegat1 a, withiD terms of de]e8ation approved by the directors, foT 0tIOnal matters. The Board approves an St1 bty bd giv¢s the Executive Director the r¢sponsibilty of imp1enKntll it • an Hnnual review of the risks the ekrity fx¢ materialis¢. A key element in the rn&DagUn of fInaD¢i risk is the setting of a resetves policy and its regular review by FIDaDelal Instruments Objecdvu 4Kdpolldes The ¢hariWs &¢tiviti¢S expose it to a number of financtal risk8 inch1ng credit risk A8h flow risk a1 liquidity risk. The us¢ of financial derivativ is governed by the charity's 1]eleS opprov¢d by the board of trustee4 which provide written prin¢ipl¢s on the use of financial deriTrntiv&s to manage these ri8k& The Charity does not use d¢rivative fMMn¢ial instrUts for SPUtive Pur The tharity'$ activittes expose it prirnarity to the fiDanciAI risks of ¢h8nges in knign tyrenCy exchange ratr5. This is minimised by transfertng wlw th¢ change r¢ seerns favorable as deterniined by a comprising
SAYes Mentoring Ltd Trnstee8' Report Credlt rtsk Aid. The credit risk on liquid fitt)ds ond thrivative fllianciai is limited because the count¢W¢5 are bunks with high ¢TlI.rating$ as5i8n¢d by IDt¢rIonal 7t.tiO8 ¥81¢8. The charity has DO significant Concentron of credit ri5L Uq¥ithty pls In order to mainiwn liquidity to that $e1errt funds aye avaihbk fcff ongoTDg OFrntiong and fuwre developmen the charity onty us¢s short tem dAy)si The annual approv1 by the of the thrity rn 19 May 21Y22 on its Ixhalf by: Thistee
SAYe& Mentoring Ltd Statement of Tru8ttt8' Re8ponslbilltie• The tru8te¢s (who are a]so the dirr3 of SAY¢s MtOrs for the pWPo of wnpany law) a Kingdom Accounting Standard8 {Unikd Kitigth>m Accoutrting Practi¢¢) aTJd applicable law ond regulation8. Con)pany ]aw requires the trustees to prepaTe fin8n¢ial Ststemts foT each financial year. Under company law the trustees must Dot approve th¢ financial $thI¢mts unless ty are satisfied that they give A true ond fair view of the state of affairs of the Lqwithble rnlY and of its irK4JmiD8 ra8Ou and 4)plication of r¢sou required to.. select suitable arr£rf1ing 11¢1¢$ I1 an)ly them ' observe th¢ metho(b and prIlpleS iti the Charitiu SORTr, state whether applicable UK A¢Co]ng StsndI bave been follow subject w any mri81 departur¢8 disclosed and explftined in the finatt¢ial sw¢m. and prepare the flljancial statements on the goin8 ¢once4n btsis utlless it is P[0 to preywne that the charitsble ¢ompany will continue in busine88. The trust¢es are responsiTrle for keeping thquate xcwting records thal Jre suffici¢ni w show and explain the ¢lwitable company's transactiODS and disclose with reaswable 8t any time the financial position of the ¢h4ri¢able Company atMI enable them to that the financial sts*men¢s comply with the Companies Act 2006. They are also responsible for fegUarding the L4qets of the chari¢able ciryaDy and hence for taking Approved by the tru4t&s of the clwity on 19 May 2022 $i4n¢d on its behalf ty. Tnmee
SAYes Mentoring Ltd IndepeDdent Examine8 Report to the trttsteei of SAYes Mentoring Ltd I report orÈ the accounts of the chwity for the y¢w 31 Dxembtr 2021 wicb arr set OD pages 9 to 16. Rtspeetive responsibilities of trwtees and euminer The tN5t¢e5 (who are alx) the directors ofthe company forthe pwposes of company law) aTe resp)n5ible for the preparation of the accowts. The trustees cmider that an audit is not Yequired for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) ond that an is needed. Huvin8 1Sfied my5¢1f that the charity is not subiKt to a111 under cotDPW law and is ¢lile for indwdeDt examinatio it is my responsibility to: examine the accounts under sertion 145 of the 2011 A¢ . to follow the woc¥Jures laid in the DireLlo by thE Chty cLInml> section 143(5)(b) of the 2011 A¢ •Thl . to State whether panicular matters have c(xne lo my atturtio B•sis ofindependeAt eumiTher'i rep)rt An examination includes a review of the xcOu8 rtt4Yds kept by the charity and a comparison of the accounts pres¢nted with those records. It also includes consideratiOD of any unusual items or disclosures in the account4 and seeking explanatiorts from you as trustee5 concernin8 any suth matters. The proc¢durns undataken do not provtde all the evidence that would be required in an audit and conwuently no opinion is given to whether the ac¢ouots a ,tn aod fair vi, alld th¢ Yeixirt i8 limited to those matters set out in the sthtemeDt klow. Indendent eurnkner's gt•t¢Mellt (l) whi¢h give8 m¢ re&qoDable cause to beli¢ve that in any Materi respccl the wuirements.. . to keep accounting records in accordance section 386 of the Companies Act 2[6. and . to prepare 8CCOUDts which acrd with the accountiD8 rttort comply with the accounting Yequirments of section 396 of the Companies A 21yJ6 and with the meth(h and wirKipks of the Ststement of hav¢ been . or (2} to Whic in my Opini attention ShId be drll in der to enabIe a of the a¢Unts to be reached. David Dixie FCA Dixie Asl&tr8 167 Black HayiM Road Selly Oak Birniingham B29 4RE 19 May 2022
SAYes Mentoring Ltd Statement of FlnaDeil Activit for the Year Ended 31 D¢¢ember 2021 (Including Income and ExpeDditure Aeeount and StAtem¢nt of Total Recognised Gains and lAe8) Unrestrleted fuDds Total 2021 Nol¢ Income nd EBdowmeDts from: Donations and lewi¢s Tal Income 81210 81.210 81210 81210 Eipendllure on: Charttable a1vill¢S 50.870 Total Exnditre 50.870 30.870 Net inc(Mne 30J40 30.340 Net mov¢ment in fiu 30J40 30,340 ReconeUl#¢loD of fuDdB Totsl fimds broughi fi)TW8rd 5,104 Totsl fund8 carried foTwwd 35.444 UDrestricte4J fulb 35.444 TotAI 2020 Nots Ineom¢ affjd Endowmemts fr9•: Donations and l¢gxies Totsl Income 33.803 33.803 33.803 33,803 Expendlture ¢Jn: Ch8rithble adivities 38.956 38.956 Toral Expenditire Net expendittwe Net movement in funds 38.956 38,956 (5.153) (5.153) Re•¢111110n orrun 10257 10.257 5.104 All of the cherity's activrtses derive from wrtiDUiD8 lryXrntis dwing the above two peri(Mh. The fimds breakdown for 2020 is shown in note 9.
SAYes Mentoring Ltd IRegistr%tion number: 6693065) Balan¢¢ Sheet as al 31 De¢emb¢r 2021 2020 Nots Curr¢ffjt usets Cash at bank and in hand 35.615 5.105 Credltors: Amoukts falltsg dm¢ wlthln one ymr 171 Net asvets 35.444 5.105 Funds of the ebarity: Unrejtrleted Incorne funds Unre$tricted income funds 35.444 5.104 Totsl thDd• For the financial yepr ¢tth8 31 December 2021 the th*ity was entitknl to exemption from a11¢ under se¢tiOD 477 of the cwaDI A¢t 2006 Telating to Sm1 ¢(Jmww Dir¢¢tors' r¢sFwsibilitiei: The members have not required the dwity w obiain a1$ of its for the year in question aclordance with sertion 476. and The directors acknowledge their Yesponsil)iliu¢s for (¥ADpIyiD8 the rtquirrnts of the Act with re5pe¢t lo accounting record3 and the PTepaTation of 4¢Cots. These cOUnts bave be¢n in accordw the PTOViSithts 44)li¢able lo Compa subj'ect to the small ¢omp8Dw$ regime. The financial Staten on 9 to 16 by the trt. authM)ri8¢d for issue on 19 Mf4y 2022 and Signed on their be Ifty. ulreaty Pag¢ 10
SAYes MentoriDg Ltd Notsj to the Financial Ststements for th¢ Year Ended 31 De¢¢mber 2021 l AecouDti•g polltkj Summary of $12nifJcaDt •ecountin2 poli¢k3 •md key eeouitSn2 tstimtes The prI1pAI a¢Unting wlicies applied in the Prepara of these financial statements are set below. These policies bave been consistentty appli¢J ts) all the years wesente4 un1ts5 OtheTh ststed. Ststsment of complllnee The statements have b¢eo in (Orth¢¢ with AccouDting and Reporting by Charities: Statement of Recommended Practice applicabk io ¢harities prepari th¢ir accou in accordance with the Fir1¢1a1 Reporting Standard applicabl¢ in the UK and Republi¢ of IrelaDd (FRS 102) (¢ffective l January 2015) - (Charities SORP {FRS l(r2)X the Financial iiyrting Sthndard applicabl¢ in the UK and Republic of Ir¢lond (FRS 102) and the c1¢5 Act 2)6. B8sls of pr¢pArntk)D SAYes Mentoring Ltd meets the defiDition of 8 public tnefit CDtity un(kr FRS 102. Assets and liabilities are initialty recolS¢a at historic cost or traTWiTh value unless (thwile Stated in the relevant a¢unting policy notrs. Golfjg eoneern The trustees corn8id¢r there are no n]aterial uncerta¢5 the charitys ability io WDIiDue a5 a 80ing Icem nor any Si8Dificant aTea8 of unc¢nainty that affect the (arryin8 value of 48sets held by thr thaTity. Exemptlon frnm preprlng * Ilow rtteMemt The charity opied to earty adopt Bulletin i publish&1 2 Feirw 2016 have therefore not Includ 4 ExtmptloD pr¢parlD8 grolp •ecoMnts The charity has taka) advonthge of the exemption in tiOn 398 of the Companies Art 26 from the Income nd ¢dO4¢ts All income is reco8nised 0¢ the charity has entitlem¢ot kn the income, it is proble th the iDCOtne will b¢ reived and th¢ amount of the inco rcttivable ¢an be M¢uur reliably. Don4llons Ihdlqada Donations are recolSed Wh the chrrity has been notified in writing of both the amount and 5ettlefftent date. In the event that a donation is subj¢rt wnditions that rcquire a lev¢1 of WfOrm by the dwity befote the charity is entitled to the W the income 15 deferred aThJ not rw?gnixd until either those eonditions are fully me¢ or the fidfilment of those c4)1105 is wholty withill th¢ ¢(xthil of the thlty and At is 0bble that these conditions will be ffijlfilled in th¢ remiDg Pag¢ li
SAYes Mentoring Ltd Notes to the FiDaneial StstemeDts for the Year Ended 31 Deeember 2021 ExpeTrditu All expenditur¢ is recogllis once there is 8 legal or CA)nstrthve obligation th that eXdItUre, it is probable settlernent is required and the amoum can be measured reliabty. All costs are all¢ed to the applicable ¢xpenditure heading that aggregate similar costs to that (ategory. Where costs caDnot be direcdy attribud to particular headings they have bm allted on a basis ¢onsistenr with th¢ use of resourc¢4 with central stsff costs allocate41 on the basis of time SPthL aThl deweciation ¢horges allo¢ated 00 the )rtIOn of the asset's use. ChaTitable eXditure thLk5e ¢osts inrwred by the ctharlty in the delivery of its xtivities and services for its beneficiaries. It include5 iM)th costs that cats be directty to sh 1vItieS and tlbxe costs of an Gov¢rDnc¢ e(ots These include the costs attnThuthble the ¢hrity's ¢omplian¢e with constitiJtioDal and slaw IWUiT¢nient& includin8 audil strai¢8i¢ nw)ageiiieot and tsiLSttts's meetings and reimbuTred expenses. T8XAtlon The charity is coD5idered io pass the t¢sts set out in Par9h I Schedule 6 of the Finwce Aet 2010 gnd therefore it meets the deflnition of a Charitsble company for UK cLYporation tsx purwws. A¢¢ordingly. the charity is potentialty exemw from taKataon io rttp¢¢t of income or capital 8ainJ r¢1V¢d within cate8orie5 covered by Chapter 3 Part l l of the C(YEmtion Tax A¢t 2010 or Section 256 of the T4x8tion of Char8eabl¢ Gains Act 1992. to th¢ extent that such inc(Yne OT sai art 41ppli¢d lusIVety to charitable purposej. Rejurch #nd developmett¢ Caib aDd casb equtvkts Cash and ¢a5h equival¢t comprise caqh on hand and dew51 and oth¢r short-term highly liqutd investrnents that are readily convwthk to a known anM)unt of caqh and are JeCt to an insigoifiwit risk of ohang¢ in value. Trnd¢ er¢dltors Trnde ¢teditors art obligations to P8y f(ff or servitt5 that have been a¢quir¢d in the ordtnBry ¢ourne of business from suppli¢rn A¢cots payable are classified 18 Current liabilities if the ¢lwity dces not have an unconditiona] righ¢ 8t the end of the reporting peri(NL to defer settleowrt of the creditor for at least twelve months after the rewting da*. If thert is an uncondttiona] rigbt to defer settletnent foT at Iwst twelve month5 Usin8 the effective interest tnetho Page 12
SAY¢s Mentoiing Ltd Nots8 to the Finan¢1 Statsmtnts for the Year Ended 31 Dtternber 2021 Borrowing$ Activitics over the peTiod of the Televant Interest expense is recognised on the b]S of the efftctive iDtczest method and is included in interest payable and similar chargey. Borrowtngs are cla&8ifioJ as current liAbiltties unleu th¢ charity an uncofyjjtion right to dcf¢r s¢ttl¢m¢nt of the liability for le&M twelve m(Kth after the reFX)rt1 date. Fund stru¢tur¢ of the objectives of the charity. Clotslfi¢adoft Financial a53¢ts and finan¢ial liabilitses T¢¢wised th the ¢hity be¢ixnes a paty to th¢ contractu provision5 of the insInenL Finan¢i41 liabilili¢s 4TKI equity Itistim are classified a¢c(ding to the substsn¢e of the contractual aiTan8ements entered into. An equity Instru is any evidencts a r¢sidual interest iti th¢ a8s¢ts of the charity after dedurttn8 all of its liabilitie Re¢•8nlllon 4ftdm¢oMrem¢nl All financi81889¢ts and liabilities are iDttsalty ot tr•nsthffl Pri (in¢111Th8 transa costs). except for those fin¥n¢ial Cl%1fied u at fair value through profil or loss. whi¢h are initially me4sured at fair value (which 18 nornwlly the tranga¢tion price excluding tyansa¢tion costs). 1¢$9 the arrangement cOnStit¢S financing tra¢0n. If an arrangemert conmiftttes a fin4ncin8 transacti the fin811 &88et or financial liability is mwured at th¢ pre5eDt of the futtre IWDeDts di*{m at a mtht rate of interest for a simllar debt InstrL Financial as5¢1S And liabilities are onfy offs¢t in th¢ sN¢meth of fin•wial pItiOn whffj and onty when there exists a legalty enfoKeable right to set off the recognised atlloutts and tbe charity intends either to settle on a net b&814 orto realise the asset and settle the liability simuhaneousty. FinaD¢ial a98ets aye ard •) the Contr rigbts to th¢ c•¥b flow? from the financial asyet expiTe OT aTe settle4 b) the cknty transkn to anoth party sub5tsntia]ly all of the risks and r¢wards of Owne of the fila1 a&se¢ or c) the charity. dwite having retsined some. but Dot 811. significant risks and tYW8rds of ownersh. b&$ transferred control of the &wt to another party. Finan¢ial liabiliti a derec0 onty when the obli8atMx) S]rd in the contract is discFthrge4 cancelled or expire$. Page 13
SAYeJ Mentoring Ltd Notes to the Fingneil Stst¢m¢nts for the Year Ended 31 December 2021 2 IDeome from doutloni And funds Tot•1 2021 Total 2020 Donations and legacies" Donation5 from Comp& tnts and sitniJ8r Donations from individuals Gift aid reclaimed 62214 13.996 61214 13.996 31.538 2265 33.803 81 81210 10 3 Exp¢ndlturt on thrllbk ¢tfvs¢k Totsl Totsl 2020 GeAtfAI Note Grants lo South Afic Trus¢ 12.126 )J30 33.466 1791 12.126 1.530 33.466 1791 33,1 51 4.833 382 137 30 523 Salary and peDsion Withut1[S Office ¢osts Swidry expemes Bank dwes 295 662 295 662 50.870 38.956 4 An1% of govern#¢t d Mpport ¢0 Gov¢rnn¢e eosts Unrestrieted futtdj To¢*1 Totsl 2020 642 642 21 510 13 Legal fee$ Ier governance Costs 662 662 523 P•8e 14
SAYt8 Menloring Ltd Notes to the Finandl Statements for the Year Ended 31 December 2021 5 Trwtets remuDerntlon #md expett 6 TAutlo 7 crltor6. •mounts flll¢ d¢ wlthlw o¢ year 2021 171 8 Charlty 8tt The chority is a charity limitr41 by gurntee thxs not hve sFwe capitsl. Each of the trustees is liable to contribute an atll(YJDi t eX¢ing £Nil towards the 8$8ets of the tsity in the evu of liquidaticffl. 9 Fund• B•lnee It 31 De¢ember 2021 BAlnce at I January 2021 Incomli¥ expethded Unres¢rlcted tsDdJ General 5.104 (81210 50,870 35.444 BlDee t 31 Bi•Mte t I Joury 2020 expend1 2020 Unrestrleted flndj Gener81 1025 33,803 Page is
SAYes MentorAng Ltd Notes to the Finanetsl Ststements for the Y¢4T Ended 31 December 2021 10 Attatyilj ofllet Sgets betweoll fMJMIs funds Genernl Totsl thnd8 Currem &qseis CuTreni liabilities 35,615 171 35.615 171 Total net assets 35.444 11 Anthly$b of et tud• At l Jnwry 2021 At 31 December 2021 Cash at bank and in 5,105 3010 35.615 Nei debt 5.103 30JIO 35.615 Pa8¢ 16