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
Tn￿ees, ReN)rt
4t06
stsiemtht of Trustees, Responsi￿111¢
Inde[￿dent Exami￿5 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 TrE￿Wer{ap￿1n￿I 7 June 2021)
David ja¢k￿ {ap￿Inted 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¢S1￿*d 19 March 2021)
Jolm Pinkerron (r¢siwJ 7 June 2021)
Sitnon Warr¢D (re$1￿￿d 7 June 2021)
Se¢ret*ry
Mithelie P(rtter
Prln¢lpAI Offt¢¢
81 Skipper W4y
St Neots
PE196LT
Compfiny Nimber
6693065
Cb*rlty Regtstrntk￿
1127701
BADk¢rfy
N￿We$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 Wmplia￿e ￿ s414C of the A¢t 2006.
Backgro￿￿0
young people through meDtorin& We parthw with kKal autboritie4 cbarttie& r￿unIty.baSed OTganisatiL
and sdK)ols, PTovidiDg 9 months of onewtc*one 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￿ V0h￿teer mentors from around the glo￿ this has led to on incre8se in
The Need
domains relevant lo 8 young wson'8 indwerkn wrllthiog. These i￿lUde 8 more &￿itive vision of
thenuelves and their futh. rK6itive sch￿1￿￿ wiA*plxg ploRmeth and Yetetttiw and a range of
positive impacts on the commimity and peer groups in whi¢h in*rn¢L This entsits a of perspe¢tiv¢,
of soclal capitsl and of se¢ure social ik)nds which llnpxt the 4￿￿lty of de¢ision m8king and healthy practices
among young people. This is especialty Probl¢n￿tE¢ 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 Tel*tionship& in ¢th**I￿al 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 educ*ion 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¢r￿J 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 Men￿￿1P 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 f￿U331ll8 on gLKls acr055 ten domains: ¥lucation & le8min8, horn¢ & familyy
community & ciu7wknp. work & money. and S[￿ & Ttcreation. &8 well as ph￿l¢al heahh social hea]
ide￿Ity hea￿ ernotional health and cogDi¢iv¢ h¢ahh. F*h til4￿11 is wi8tt¢d a Transition speci￿18[ 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 a￿esS to
suppoit

SAYU MentoriDg Ltd
Strategic Report for the Year Ended 31 Dttember 2021
Our Impact
the quality of d¢¢ision Thking and the c￿￿1$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. unplat￿ed 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 d￿1510￿ makin8 and hea]thy prnctices
across all t¢n dOn￿l￿s. 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 c￿bridgeShitt 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¢ appli￿1{￿5 from outside the UK and fill￿zn8 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 In￿Kne from dOllati￿ and fi￿d￿]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 saI*ies with a red￿tion 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 organi￿10￿ 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 fina￿tal policies of the organis&ion and is in￿ded 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 r￿￿rri￿ 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 rew1￿1t0 the Board in the regul￿ financial reF￿.

SAYes Mentoring Ltd
Trustees, R￿￿rt
Objeetfves and *thltle4
bffie
The trustees confirm that they l*ve ccdnplied with the reqyit¢mrnts of sedion 4 of the Charities Act 2011 to
ha￿ due r¢gard to public benefft guikn pth]ish￿l 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& ¢op￿Ill¢S and capabilities to enable th¢m
to participale in ￿lety as itskpende¢ matswe and resp(os1￿1¢ individuals.
v8n¢ing educ*ion;
providiD8 re¢r¢ational and le15ure tllne 8dTvity in the interests of xtial welf&E foT people living In the of
benefit who have n*J 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 COMM￿lty ￿integra￿Oll
To build an effectiVe•Tesourtt bonk ID ryder to wovide a¢ce55 to employrrf ¢dU￿tIo￿ 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 re￿stered 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 septern1￿r 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&% delegat￿1 a￿, withiD terms of de]e8ation approved by the
directors, foT 0￿￿tIOnal matters. The Board approves an St￿￿￿1 bty *bd giv¢s the Executive Director the
r¢sponsibilty of imp1enKntll￿ it
• an Hnnual review of the risks the ek￿rity 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 inch￿1ng credit risk A8h flow risk a￿1 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 instrU￿ts for SP￿U￿tive 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 ¢T￿lI.rating$ as5i8n¢d by IDt¢rI￿￿onal ￿￿7t.￿tiO8 ¥8￿1¢8.
The charity has DO significant Concentr￿on of credit ri5L
Uq¥ithty pls*
In order to mainiwn liquidity to that $￿￿e1errt funds aye avaihbk fcff ongoTDg OF*rntiong and fuwre
developmen￿ the charity onty us¢s short tem dAy)si
The annual approv￿1 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 dir￿r3 of SAY¢s M￿tOr￿s 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 Ststem￿ts foT each financial year. Under company law
the trustees must Dot approve th¢ financial $thI¢m￿ts unless ty are satisfied that they give A true ond fair view
of the state of affairs of the Lqwithble ￿rn￿lY and of its irK4JmiD8 ra8Ou￿ and 4)plication of r¢sou
required to..
select suitable arr£rf￿1ing ￿11¢1¢$ I￿1 an)ly them
' observe th¢ metho(b and prI￿lpleS iti the Charitiu SORTr,
state whether applicable UK A¢Co￿]ng StsndI￿ bave been follow￿ subject w any m*ri81 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 responsiTr*le 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 Examine￿8 Report to the trttsteei of SAYes Mentoring Ltd
I report orÈ the accounts of the chwity for the y¢w 31 Dxembtr 2021 w*icb 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 a￿111 under cotDPW law and is ¢li￿le 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 DireL*lo￿ ￿ by thE Chty cLInm￿l￿> 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 xcOu￿8 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.
Inde￿ndent 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 ac￿rd 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 Sh￿Id be drll*￿ in ￿der to enabIe a of the a¢￿Unts
to be reached.
David Dixie FCA
Dixie As￿l&tr8
167 Black HayiM Road
Selly Oak
Birniingham
B29 4RE
19 May 2022

SAYes Mentoring Ltd
Statement of FlnaDei*l Activit￿ for the Year Ended 31 D¢¢ember 2021
(Including Income and ExpeDditure Aeeount and StAtem¢nt of Total Recognised Gains
and lA￿e8)
Unrestrleted
fuDds
Total
2021
Nol¢
Income *nd EBdowmeDts from:
Donations and lewi¢s
T￿al Income
81210
81.210
81210
81210
Eipendllure on:
Charttable a￿1vill¢S
50.870
Total Ex￿ndit￿re
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 lryXrnti￿s 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$tricted income funds
35.444
5.104
Totsl thDd•
For the financial yepr ¢tth8 31 December 2021 the th*ity was entitknl to exemption from a￿11¢ under se¢tiOD
477 of the cwaDI￿ A¢t 2006 Telating to Sm￿1 ¢(Jmww
Dir¢¢tors' r¢sFwsibilitiei:
The members have not required the dwity w obiain a￿1$ 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¢Co￿ts.
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 tr￿t￿. 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 tstim*tes
The prI￿1pAI 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
Fir￿1¢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 c￿￿￿1¢5 Act 2￿)6.
B8sls of pr¢pArntk)D
SAYes Mentoring Ltd meets the defiDition of 8 public t*nefit CDtity un(kr FRS 102. Assets and liabilities are
initialty reco￿lS¢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 rt*teMemt
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 2￿6 from the
Income *nd ¢*dO￿4¢￿ts
All income is reco8nised 0￿¢ the charity has entitlem¢ot kn the income, it is pro￿ble th* the iDCOtne will b¢
re￿ived and th¢ amount of the inco￿* rcttivable ¢an be M¢uur￿ reliably.
Don4llons Ihdlqada
Donations are reco￿lSed 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)1￿1￿0￿5 is wholty withill th¢ ¢(xthil of the thlty and At is ￿0b￿ble 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 eX￿dItUre, 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 attribu*d to
particular headings they have bm all￿ted 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 eX￿diture 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 s￿h ￿1vItieS and tlbxe costs of an
Gov¢rD*nc¢ 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 Par9￿h 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 equtv*k*ts
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¢co￿ts 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 ¢h*ity be¢ixnes a paty to th¢ contractu
provision5 of the insIn￿enL
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¢1￿11Th8 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¢$9 the arrangement cOnSti￿t¢S
financing tra￿￿¢￿0n. If an arrangemert conmiftttes a fin4ncin8 transacti￿ the fin8￿1￿1 &88et or financial
liability is mwured at th¢ pre5eDt of the futtre IWDeDts di*{m￿ at a mtht rate of interest for a
simllar debt Instr￿￿L
Financial as5¢1S And liabilities are onfy offs¢t in th¢ sN¢meth of fin•wial p￿ItiOn whffj and onty when there
exists a legalty enfoKeable right to set off the recognised atlloutts and tbe charity intends either to settle on a
net b&814 orto realise the asset and settle the liability simuhaneousty.
FinaD¢ial a98ets aye ard •) the Contr￿ rigbts to th¢ c•¥b flow? from the
financial asyet expiTe OT aTe settle4 b) the cknty transkn to anoth￿ party sub5tsntia]ly all of the risks and
r¢wards of Owne￿ of the fi￿￿la1 a&se¢ or c) the charity. dwite having retsined some. but Dot 811.
significant risks and tYW8rds of ownersh￿. b&$ transferred control of the &wt to another party.
Finan¢ial liabiliti￿ a￿ derec0￿ onty when the obli8atMx) S￿]r￿d in the contract is discFthrge4 cancelled
or expire$.
Page 13

SAYeJ Mentoring Ltd
Notes to the Fingnei*l 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￿& tn￿ts 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 th*rll*bk *¢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 With￿ut1[￿S
Office ¢osts
Swidry expemes
Bank dwes
295
662
295
662
50.870
38.956
4 An*￿1% of govern*#¢t **d Mpport ¢0
Gov¢rn*n¢e eosts
Unrestrieted
futtdj
To¢*1
Totsl
2020
642
642
21
510
13
Legal fee$
I￿￿er governance Costs
662
662
523
P•8e 14

SAYt8 Menloring Ltd
Notes to the Finand*l Statements for the Year Ended 31 December 2021
5 Trwtets remuDerntlon #md expett*
6 TAutlo
7 cr￿ltor6. •mounts f*lll*¢ d￿¢ wlthlw o*¢ year
2021
171
8 Charlty 8t*t
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•l*nee It 31
De¢ember
2021
BAl*nce at I
January 2021
Incomli¥
expethded
Unres¢rlcted tsDdJ
General
5.104
(81210
50,870
35.444
B*l*Dee *t 31
B*i•Mte *t I
J*ou*ry 2020
expend￿1
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 tu*d•
At l J*nw*ry
2021
At 31 December
2021
Cash at bank and in
5,105
30￿10
35.615
Nei debt
5.103
30JIO
35.615
Pa8¢ 16