C¢)mpzny re8istsation number. 6693065 Charity Te8iSti*ion ttumber. 1127701 SAYes Mentoring Ltd (A company limited by guaranl¢e) A￿￿1 Re￿rt aNI Financial State¥n•its forthe Year Ended 31 Dttembtt 2023 David Dixie F C A Dixie A5SOCtates 167 Black Haynes Rowl Selly Oak Bimingham B29 4RE *AD8VN2G3' 1810912024 COMPANIES H￿sE A13 SAY£% MentOriDg Ltd Contents Reference Administrative Dethils Smtegic Report 2to6 Tru5t¢¢s' Re￿rt 7tolO Ststrn?¢nt of TTWt¢e5' Res￿nsIbIlitieS Ind¢p¢nd¢nt Examinerfs Rewrt 12 Stst¢rnent of Financial Activitics 13 Balance Sheet 14 Notes to th¢ Financial Statements 15to23 SAYes MeDtOriDg Ltd Reference and AdMIn￿trative Details Trysteeg Chrisiopher Pwl FrnKis Sharp4 Chair Marlon BruK Treasurer Charlott¢ TwyninÈ (resigrtd 17 August 2023) Abigail Shapiro (appointed 17 August 2023) Sttret•ry Michelle Potter Princip81 oifice Sanford House tl Skipper Way St Neots PE196LT Th¢ charity is incorpJa¢eO in Unite4 Kingdom. 6693065 Company Registr*tioTr Nwmber Charity Re8iStr8tion Number 1127701 Bankers Natwest Bank Weskniiwer 57. vic￿￿4 Stye¢t SWIH OHN lodependent EJ*miTrtr David Dixic F C A Dixie Awiates 167 Black Haynes Ro Selly Oak Btnnirtgham B29 4RE Page I SAYes Mentoring Ltd Strategic Report for the Y￿r Ended 31 December 2023 Th¢ tfttsie¢& wF¥) are dir¢dors for th¢ puryw of c•mp8ny law. prc5ent their strategic report for the year ended 31 December 2023. in compliance with s414C of the Companies A¢t 2006. BACKGROUND SA Ye5 Mentoring {estsblished 2fy)8 in Sovth Africa) is a Ch*i¢able Comwly, rrgistered with the Charity CommksSLon and Companie5 House. with thc aim of improving lifc ¢)utcornes for young pe¢Jple affected by s￿*3] poverty and inequality. We ￿lIeVe every young peT50n slK)uld have acc￿$ to high quality relation81 support. regardless of chance differtnccs of backgnxtnd. giy)gr8phy or circumsiance. In 2020. we changed Our pro8fdmme delivery to online (e-mentoring). allowing ￿ to connect indeprndent Yolurtteers and business team5 from arouDd the world, with young p￿pIE in South Afriu and in th¢ United Kingdom. In what follow5 we describe a pilot pro&ramme ¢arri¢d ou¢ in th¢ UK in 2023. detsiling th¢ ne¢d. mod¢L and tmpad of our work. We engaged governmeni and local autr¥Niiies. youth focwed non-profii and voluntsry organisations. as well as schcM)Is, colleges and universities and so¢hilly rftinded business to Ikliver a successful mentorship offer for a small group of ¢ar¢ experien¢ed yoyn8 peopl¢ in the UK. Th¢ pilot provided confinnaiion of th¢ SAY¢s rnodel it) yd another setting, and has ￿￿l￿velY impaaoj our posiiion ty ￿le mentoring suppon in the UK. THE NEED The UK h8s one of the hightst inc4)rne irtequalities of *)y developed natiott. This is a problem because inequality is to irnpact a rdn8e of S￿ie￿i outCOrne& 4Utte separately frorn direct material disadvanla#e. Exampl¢s in¢lud¢, IN￿t, ljomicide, incarceration. tttnage pre8Dancy, drug LLse, school bullying, life expectan¢y. obesity, mentsl illnes$ as well as ov¢rall quality of life (see Wilkinsort & Picket, 2010 & 2019}. Staws anxiety underlying differen¢es tn wial a¢￿5$ 8Th4 &x)silion, may ultimately ¢xplain the wideSPTead effects indexed by measu￿$ of income inoluality. Therefore, in addtiion to Material int+yv¢ntion& ensuring thai xcess io empowering adult ￿]￿l0￿$hips is equitable. rnay b¢ fvndamental to the cre￿10n of stsble societies. Inequalities ID the quality Yel*iona] support (S￿la1 FKTrv¢ty) is ¢specia]ly probl¢rnatic during adoles¢¢n¢¢, wh¢re rapid developmentsl challges set behavioural and ¢ognitiwe pathways long inw th¢ fithire. The ￿Su1￿nI instsbility in decisitin-making. behavitiurnl pnctit¢5 and subjeciiwe expcrien¢£ 8uoss key lifc aras ckn bc dcvastating. The SAYes model is designed to target these cha]lenges dirertly. by putting high quality and proftssionally supported relationships at the ho*rt of soci81 Ch￿ge. THE MODEL W¢ offer a mod¢l of rnentorin8 and tr¥nsitiOfE planning is desI￿d to improve the impxt of evidence-bued inieryeniions for behaviournl and Persp￿tiVe ¢hang¢. esp￿i%1ty in th¢ wntext of srKial p)vety and in4uality. We recrniL screen and train mentOTS and mentee4 WIKS we then individually mat¢hed, contracted and professionally supported through 8 7 ty 9-month tr8nstiion progrnmme ¢y¢l¢ of w¢ekly l-hour, one-tOHone mentirrin8 Sessions. and monthly g￿Vp classts. All sessions att online-fitst (i.e.. ￿ttled out onlitte via video call). Each match 15 ￿SIgned a Tran5ititin Specittlt5t WIN) provides personalised 5UPF¥)rt throushoul the 7 to 9-mon¢h ¢ontraci kncludtng IndividiMI Transition PlanniDg (ITP) 5e55ion4 rnBtch mediattons, and re50urcing m*¢hes ￿ they putsue 2nd navi8ate vaTiOUS projects and 5ervice5 togcther. In additio￿ each match is &ssi8ned a M¢nte¢ Liatson (recruited from our youth alumni). to ensure regular toUCh￿)Ints for amplifyin8 youth voices throughout the mentorship, as ￿11 as SUPPOrting engagement with ow alumni n￿0￿3. and providing pathwg4yS and training to Ffflid lldvisory and aThbaS￿ wvlcs (i.E. ¢4mVerting livrd cxpcriB￿¢ into poli¢y> r¢5earch and 5ervirx de5i8n). Page 2 SAYes Mentoring Ltd StratrEiC Rep).rt for the Year Ended 311)ttember 2023 SAYes mentors and mentee5 are Ints0d￿t￿ to best mice and innov*ions in me¢rtoring and transiiion plenning. Thrnughout th¢ mentorship. matches are introduced to evidence-b&sed twls, tsctics and 5trate8leS from the behavioural and so¢ial sciences {includin8 CO8nitive neuroscience) deltvered through workgrDUP5. 511PPOrt 5C5511)n5. rnaSt¢rclasscs, and appropriate. personal prot(￿1 Session￿1￿tervettlions with our Transition Specia]ists. After their ￿lUatION p)strfYownxe sup[￿0 is available to ment¢es (through oyr alumni 8roup5 and engagerntnt opporfurtili¢s), art whue possibl< mente¢s are offe￿d a new m¢ntor and another Programme cy¢le to continue expaDding and tnriching pcrspc¢tivE social capitsl and se¢Lwe social bonds. Lik¢wise. m¢ntor5 are offered another social challge mcnkn5hip opwrtunity. and potentially offered training pathways w TraThsit￿n Specialist role5. THE IMPACT For the UK pilot. matrh¢s We￿ contTa¢ted as a rolling ¢thr¢ betwren Aygwst of 2021 and of 2022. The pilot w&s generoLE51y funded by 4 Private do!wr on.d by ¥ iwsin¢&s p21thership (InverRE VK. I, allowin8 US to test our programme5 in this region. 8rtd to develop and fefine our susthinability and partnership stya*gy. Of the 23 m*¢h¢5 in this group 15 have graduated (6517A). 2 had an early closure (W*) and 6 bave yd w ￿aduate (26Q/o). We repoft ¢)n 12 of the IS graduating mentees. In additÉon to the pilot CA)]M)rt rewlfAI here- an additional 6 UK mai¢h¢s contracted in 2023 and are currently 8Ctive. Mentees approached SA Yes dIr￿ty {iii iesF4)nse io S￿181 medta advertorials) (3￿) or were r¢ferr¢d through slatutory partners (e.8.. Gar¢ leaver s￿1&1 trams) (26%) or community nonyofii Par￿r$ (35%). Mentors were drawn from independent volunteers {ttsp)Ading to xKial rnedia ￿VertorialS), {73%) as well from Inv¢rR¢ stsff - a UK business partncr (27%). The UK pilot Mentotships lasted bet*rert 7 and 9 rtwtttlLS in dutatlon (Mean, $.7 Motlths, Median. 9 moThthg, M&x, 9.5 months. Min. 7 mortth5). Matches carried oui 376 hours of mentoring and 375145 miTr+} sessions. W¢ekly session attendanee (meetings over 45 minutes) attendanc£ was high (Mean 70%. Median 75* Min 42Yo, Max 97%). 100% Trf meDte¥ Mid that h#vitt% * melltor affeae4 Ille (42% '1ifr-chan8in8'. 50% 'much positsve impact,. 8%'some p)sitive impa¢t'l "I have srowi in confidence and as a pefson. I feh $upp)rted by the mentor when I felt like I Nybody in my life to support m¢. I changed my life goals sucth &$ moving IwJm< eh•nging job. social adivities and making new friettds. It has been such ¥ huge suppon w my life.- -It gTe8t w hav¢ my mentor give me constructive ¢ritTcim Something fve n¢ver had before and li defrniiely improved my way of livin8.- "It helped m¢ a lot. It was helpfvl in my tasc b￿&￿$¢ I was ¢ompletely alone and k￿ying that there was someone ¢0 •d to help m¢ with any type of q￿tionS 1 hwj. Just knowing trth." "Allowed m¢ to hav¢ an outlet at times when I haven't been able to ouilei with lh¢ people arouDd me. Tm not fvlly wh¢r¢ I wont to be yet but whtn l think al￿1t last yfaT I'rn in 4 much better position than I last year. There has been su¢h a big tuming p)int since $￿Ing to my mentor &4 I have realised how muth more opefi I can be with rny friends. The menwring has helped nx bu¢ it's a150 hel￿a my rel*ionships." ]OO•A of meniea thought having 4 positivdy improbyd rfhar chvic4F r¢latsd to indep¢ndence {33Y.'life4hanging'. 5817/ts'much positive.. 3%'some [￿sItiVe.). Page 3 SAYes Mentoring Ltd Strategic Report.for the Year Ended 31 D￿ernber 2023 M¢ntee$ thought the 8re& where having a menwr rnost improved their indep¢Ddence was Work & Money (60V•). followed by Educ8tiou & Ik*rning (3￿) and Home & F*mily (IO%). Ratings of 92Y. ptssltive Impart were a¢hieved for Edllution & knrning (including W•'Life changing.. 55•A'Much positive,). Work & Money (50Y• 'Lif¢ changing., 40% 'Much ￿>Si￿Ve.). Hoffte & Family (20% 'Lifr changing,. 40% 'Much FQ$itive') atsd CommuBity and Cititettsbip {18Yo'Life chznging., 36%'MLKh p)5itive'). SM & Recreatioo rcceived an 83°A positive impart rning(3￿•.Llfe Ch￿8*n8', 6Wts'Much p)sittve'). Mentees felt ihe l•ryest impact ID their deti8iOn-m•king proEtt5 in fotu* (10(YA at the highe￿ ordinal response, )¢s - l am a I￿ rnor¢ focused now than btfore"). Simii&rly? rxtings for irnprovernents ID ¢onsciou5ness were equ*lty bigh I'l am more awa￿ {and acc¢ptin8) of fa¢knrs affecting independence now than before") (100% ￿ the highest ordinal r¢sponse, - a loi more aw8re now than before"). Adjusting to ft¢dbxcklsetbBcks achieved * l(Al% ￿li1ve 1th￿tt T*ll￿g r'wkn u comes ioyotsr independence doyoufeel Y(￿ cope with challeng& sethacksl cl￿$ now more ilwi beforev) (Wh Yes a lotr., 6(Vo Yes - a little-). R8tings for options uplored were Dn the w￿01e positive (i.e.,"I see more opttons and have explored more options now than before￿ (70%"Yes - # low. IO"Yes- a little-). However, in the UK piloi this was the ODly de¢i$ion-making factor to rec£ive a'wts impacw rewnse (20%). Expanding the base of options explored in various life domains is essential to crealive mentortn& and is the core of the SAYes approach to advocacy (seaffoldit)g 8nd building affordances). In the UK contexl the range of servi￿5 and supw)rt is immens4 and ¢onfiden¢ly navig8ting thes¢ with the support of a rnentor is a teaching pint will work to improve in our mentor as well as thyough our traAsiiion srKcialist 5UPF￿. "Work and c4r¢¢r I had mentors SUp￿rt to nK>ve my business. She made me ihirtk of the pros and cons." "Helped rne put a lot into pers￿l]ve a￿ut where I was Whe￿ I want to go. We don't thlk enough and we don't realhse knw importwit Lt is Ind l¥)w rnuch bEttet you feel you've had ihat ¢onver$itton with Someone. It'5 P05Ltively impxted a]1 of the &rtas for me. B¢tt¢r ai firw)¢¢s and 5avin8. fve 8rowm the m05t in having an open mindset. Making new friertd4 wntempl*ing a new Yelationship and mttting new people and through the mentorship this has changa and I'rn thankfisl for WI￿¢ I am right now." "To go ahead and start my own I￿1￿¢5$ not be of r¢jectio￿. "My mentor h¢lp¢d me work throu8h IKJW I can fuMI a way to do something l enitiy whik being stable." snks to tMENTOR] I h8d the ￿￿1￿10￿ ￿ go for a walk or take car¢ of myself. I w&snl on My p•th at thi5 time. IMY MENfoxi helped rne unders￿nd l an) able and Can do every1hing I want and I don'i have to b¢ so tough on rny5elf. She gave me the f(xuse5 for the week. Fitst thing for the Kek. My miThJ was more orgaAis¢d for the we¢k. We did all of them together all the domains. Every wctk." -[ ch￿Be4 jobs after realising I w&% very utthappy in nty job. I moved house wlKn I realised where I was living was impaaing rny m¢ntsl health." "I opened my bcauty business and I deo)r*e4J th¢ room the I want&1 and I star￿d advertisin&" "We quite a bil cffi area a lot of things and w do with my IM)U5tng and things like th￿. W¢ Iked about quite a lot and now thert arè sortie ihin¥S l ￿Tru1d thir& of EV￿ *ith bill$ aDd thith￿ lik¢ thal it's made m¢ feel ￿)re mature abJuE thinBs ￿￿.- SAYes MelltOriDg Ltd Strategic Re￿rt for the Year Ended 31 Ikeember 2023 IOOYO of ￿entee$ thought that havSTrg * mentor wltively improved their pr*ctltes rel•ted to wdbb¢ifyg (27Yo 'life.ch#nging'. 72QA 'much p)sitive impact,). Mentees thought the area in which having a mentor most improvtd their well-being was EThotiooal Health (selected by 45% menteesk followed by Identity He8lth {18OA), CogDitiw¢ H￿1th (Iwth). Social Health {9%) and Physi￿1 Helitth (%). Ratings of IOO¥J/o Posltive Impget were aebieved a¢rw Id¢ntity He•lth (18% 'Life chang&ng'. 72%'Muth pjsitive,), CogDitiv¢ H¢Altb (27°/fy 'Lif¢ ¢hanging'. 54% 'Muth w)5itive'A So¢ial He•lth (27•A 'Life chan8in8', 55% 'Much pjsittve'l and EmotlQTrAI Ht#lth 14CPh 'Life ¢h?nging', 40% 'Mt￿h rAis.itive'). Phy$ipl he*lth impact W¥ PDSitive (30D/D 'Life ¢h8nging'. 30%'Mu¢h postiiv¢' and 3￿'SOMe O￿ltiVe. r*In￿) however it was also the only w¢ll-being domain ￿ receive a'No positive. rating from one r¢s￿r1denL Mthiees felt that thtre was * posltivt impAet in 411 gspeft of be*lthy prxctices. The highest imprnvements wtre in ￿(-l￿A￿lIeS5 self-*efeptxDce {70% a lot" 30Yth *es - a little"). foeus (6￿A ?es- *101", 30% ￿¢5 - a little") And tsptions explored (60% "Yes - . lot" and 40% little"). Coping with chxUenge5 was p)sitive though proportionttlly inverted mpared to oiher ast*ffls of well-b¢in8 prxtice5 (i.e.. 41PA said ￿eS - l arn a k)t n￿re abl¢ to C4)pe with ¢hallen8e4s¢tbacWchan8¢5 Dow than before". while 60% said )e5- a little"). "Iln a lot rnore self-awarE of rny em011￿ ithv. Even with fLKwJ and stuff. Every week l eat salad. I love thc Ye8 and tying new thin85. My mindsd is thc biggest and thi$ is my outlook on things. I httve learnt so much in a short space of tim¢ and that's chan8ed my outlwk on thin8s. Ixttin8 negative thoughts flow throu8h as they will ot be forever. Worst tbin8 is to stsy in a ne8ative place." "It w&$ mre just havitig somtt>ne to talk to Quitr 8 big impxt from merttortng but also Changes in lifr like not b¢tng with my boyfriend beuus¢ he didn't help with my mentsl ht41th. l am surroundin8 rnyself with better people who care 8Thd this is a lot to do with the mentoring as ytll because I could talk to tmy MENTOR] about this and it mad¢ me r¢ali5e what w&sn't 8￿MI for me.- "l started focussing on my fithess and did &5 a result of Ibaving my men￿r.- "It all ¢omes down to me and I nea ￿ tske ￿$￿￿tbIlity. Sh¢ told me lots of *ories but now J need to decide what to do with them. l am limiiing myself at the momem ¢spe¢ially wsth frien¢ts." -In th8gle I t¢nd to know IK>W to make myself a bit more Tel￿d that Wdy I can take infonnation in easier." 100% (12 of 12) menttts of wguid recommend SAYe5 to other young peopk {83% 'yes - a k)V. 17% 'yts a littlc,). IQO•A of rnentets say SAYU ¢iv*s • ttsod fetling {in¢luding 5317/0.1 love SAYe$", 23Y.-Rtally 8LX)d feeling". and 23%.G(￿d feelingy. "As I don* know wfe¢tty Eng]ish. so we h*1 w explain ¢very Jfs difficult ￿ find the right word io describe Iww I feel. I donl if irs aFKSUt SAYes or atKSUt the lime ev¢Nhing together. It was like m¢lody." "It ha5 been lift changing for me tr) ree¢ive this sup&￿t. "I have had a positive experience and every tim¢ I l)ump inio a youTrg perwn or ￿)Ple ask me at work, i talk abtsut you and rEcommend you. It was lesg than a week and I was rna¢d￿ with a menwr. So as well 8S t¢ing f&st acting SAYes Work to build relationship with me.- "Really pa55ion*e and energeti¢ about the they do •thd you ¢an see that ift evuything they do- noijust lip servi¢¢ but th¢y really do have ac4re passion for supwrt." "ThLS organisation h&$ made me ftel heard and my Fnpul rnaiieTS. The mentorship. from the application to the acwal ¢all& was Smooth and I met 50 many ￿ ptople through it!- "I f¢¢1 lik¢ I have weal sllp￿rt frrym rK)t J￿*t rny mentor but also SAYes 8$ 8 wIK)le." SAYes Mentoring Ltd Strntegic Report for the Year EDded 31 De¢ember 2021 W¢ aTe eonfident of the effie4¢y of fomi81 one•tOlloDe methoyship gThJ trnnsition planning. We are enc4)uraged by the pathways to Suslainability we have discovered. tested and levera8ed. W¢ are deteThined to ensure acce5$ io high quality relational supix)rt 15 availabl¢ al * thrylmmrt th¢ UK. Ind¢¢d the UK pilot ha5 allowed us Validat¢ refine the SAYes mtyjel in the UK *MI tspectally with C4TE txperieDred youn8 people tn th¢UK Secure fithding thmugh th¢ Gr¢ar¢r Lopthi Athhority and Natiottal Cittten S¢rric¢ to support 250 disadvantaged young Lotthers on SAYes mentorships Esthblish ￿￿ted rplation5hbP5 with local authoriti¢5 and ￿)n-prOfit P31ln¢r5 in th¢ UK (¢¢ntral to C￿rdinating s¢rvi¢es and support and ￿ ensuring in¢l￿1Ve and diverse youth ￿ferra15) Secure social change p8rtnttships with purpose driwen businesses b￿d in the b(rth the UK and 8broad (c¢ntr41 ¢0 5ywinability pnd in¢lusive community building) Engag¢ mentees & mentor5 in a n¢w found of m¢nt¢M5hip {¢re*in8 muhi-y¢ar impact inspiring future leaders of social ¢h8nge) Employ¢e ment¢e alumni SAYts advi50ry and youth eDga8ement te4ms {ensurin8 youih led programming and commwiity) ringTrciJII review Dwtng 2023 the charity all its exp￿￿¢$ fmm don*ions with a surplus remaining of £42.363. The income frDrn donati￿ trusts and funthaising was £58362 whith wzs 41x6 less ihan the previous year. and claim5 for tax r¢¢overy from Gift Aid w¢re £115. much les5 than 2022. New 8overnmeRt graTht5 received were £212,079 (restricted incom¢). Expenditure increased by £151.829 to £228.193. mainly due to salaries and cost5 for work in ihe UK, fvnd¢d by 8Ov¢rnM￿ 8faDts. and an irKrea5e in 8rnots to South Africa Reserves ¥ at 31 December 2023 wer¢ £105.108. R¢strve polky The purpose of this fE5erve poliey is io bjild and Fnaintsin kn ad¢qu*e level of net 8ssets With￿j1 donor Testrtctions to SUPFQrt the or&ani58tion'5 day-t¢￿ operatiODS in the event of unforeseen shortfalls. The reserve may also b¢ used for one.iimw non-recurring exp¢nses will build lon84enn capacity, such &$ staff developmenL research and develownenL Ot investment in infras￿¢￿￿¢. R¢5¢rv¢s ar¢ not int¢nded to r¢pla¢¢ a pernianent loss of fiLnds or ¢limit4t¢ an ongoing budget gap. The organisation intends for the res¢rve5 to be used and replenished within a reasonabl¢ period of linbe. This reserves policy will be implemented in wnjuction with the other financial p)licies of ihe organi￿]0￿ and is in*nded ￿ Sup￿ the goals and str*egi¢s in those r¢lafed Frt)li¢i¢5 in strate8ic and OPErationa] plan The tyrg¢t rninimum Operting Reserve Fund is equal th six month's aver￿ recurring wsts. In addition to Iculatin8 the actual operdting reserve at the fi5LzI year en￿ the iaiget minimum will be calculated each year after the approval of the wwual budgel Snd rep)rted to the Board in the ryular financial rel￿. Pa8e 6 SAYes Mentoring Ltd Trnste￿. Rew)rt Objettiyts and aetlvities h¢bllc b¢nrf The tru$tce5 Confinn that they have ¢ompli¢d with the r¢quirtmeDts of se*Jd¢rt mthure and rtsFthisible i￿j1vIduals. 4dvancinB ¢du¢ation" relieving unemploymen¢ providing Te¢rrational And leisure time ￿1Vity in the intewests of ￿CIal *lf*r fDr people livÉng in the arca of benefjt who have nc¢d by rrason of their youth. age, infimiity or disability. Fovcrty or sogial and econ¢MIic circumstances with a view to irnproving the conditions of lifr of such pe￿onS. The stt8tegy employed w athieve the charity's obj¢thives are: To provide a Traosition to Independent Living tfiL) Youth M¢Dtoring progr￿Me for on¢ to on¢ mentoring: UK 2024: 280 young people UK 2025: 285 young people South Afri￿ 2024: 105 young peopk South Africa 2025 140 yoyn8 people Souih Afri¢a 2024: 500 engvm￿ts with chilthen in child and youth t>re r£ntres {children& hornes) through South Africa 2025: 10(4) engagements with children in dtild.avj care centsES (children's homes) through To guide the prowrne benefieiaries towards lift in S￿lety as independenL self-SUStsining adults To provide Supr￿ with famity and o)mm￿lty r¢integrnion To Imbild an effeaive resour¢¢ bank in order w provid¢ a￿<5$ to employmenL tou￿10￿. skills training and bursary opp)rtunities. and ittfomiaii¢)n on housin To ￿ntinUallY develop our and carry out research ￿ substsfi￿ effeaiveness SAYes Mentoring Ltd Trustees. Report To incorporate a broader connection with the *¥lemic and civil $￿iety sector locally, n*ioThally and tniernation811y, ¢0 conduct res¢uch on th¢ TIL progr4mm¢ io ensure continued development and improvemenL and ￿ assist in providing the neceswy T¢s¢￿h on youth menti)rin& Medium to Long T¢m Objectiv To provide eff¢ctiv¢ youth mentoring progr￿e and or8anisational model that is s(alable. Impa¢￿1, Sustakrtable. trattsbl¢. ¥¢¢Outhtabl¢ and servirÈ8 a The￿ yTrith Frfjpiilatioti. Page 8 SAYes Mentoring Ltd Truste￿, Report Structhr< governgnet *tsd M#*ttme#t Governin Document SA Yes Menioring Ltd is a wmpany limita by and was iftcorKwx*ed on 9 September 2008. It is governed by its Memor8rtdum aTLd Articles of Association dated 9 SepieTnber 2008 and amended to allow for current gOV￿n8￿Ce on S Decernb¢r 2008. It is registered &s a charity with the Chgrity Commission. On I l April 2011. the narne w&s officially changed frorn Off The Street Kid5 10 South African Yolkih Education for Sustainabiliry ISAY¢s) aTrd on 9 S¢ptemlxr 2021 was clwjged w SAYes Mentoring Lid. SAYes is a re8i5tered Tru5¢ PBO, NPO athd Section 18A or8anisation in South Africa. As s¢t out in the Articl¢s of AsKKiation th¢ chair of th¢ Board of Di[￿01$ is nominated by voi The board of directOTS. which can have up to 15 members. adrninisters the charity. The Ix)ard meets four times ch year aTbd the Executive Direthr is appointed to manage the day to day operations of the charity. To facilitate effcdive ope¥*ions, the Executive Director has delegated authority, within ternJ5 Qf delegation approved by the direclor4 for operattonal matter5. The Board approv¢s an attnua] budg¢t and gives the Executive Direct9r the ￿￿￿￿51b11lty o!implem¢ntsns it. nt The dir¢aors have a risk managemort stra*gy which ¢ompTises: • an quarterly review of the risks th¢ charity may fxe • the establi5hm¢nt of Systems and w[￿edureS to miti8th those risks identifie4J in the plan: and . the implementaiion of proc￿￿1£& d¢sigrKd w minimise ￿ttntial impKt on the cjwity shoum those risks m￿trial}Se. A key element in the management of fina￿1*{ risk is th¢ sdlitig of 8 yes￿¢$ p)liGy and its ￿gUlar T¢Vi&W by di￿tOrS. obJeCd￿ *ndwllcies Th¢ ¢b2rity's arttviti¢S ¢XFX)se Tt to a number of financial Tisks including credit risK cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's ￿11¢1¢$ apprnved by the board of trnstees. which provide written principles on the of financi81 deriv*i¥es io these risks. The charity &)e$ not use derivative financi4J LDStrumetts for sp¢culative purpm. CoshJTow ri%k The Charity's activhties expose it primvily ￿ the financial risks of changes in forti8n currency exchange rat¢& This is minimised by transf¢rin8 fvnds when th¢ ¢x¢hang¢ Ne se¢ms favornble as drtem)ined by a comprising th¢ Chair. Treasurer and Chief Exe¢utiv¢.There Inttt¢￿ be¥ring assets or liabilities. Pag¢ 9 SAYes Mentoring Ltd Tr￿tees. Retprt Credi¢ rii5k Th¢ charity's principal finan¢ial assets are bank balances and cash, and tsx recoverable on donations under Gift Aid. The C￿dit risk on liquid funds and derivattve financial instwments is limited beCa￿Se th¢ cowiterparti¢s are bank5 with high crcdtt.Atin8s ￿lS￿ed by intymatonal credi¢-raiiii8 agencies. The charity has Si8nifirant con¢entratioo of cffdil iisk. Liquidity ris In order to maintain liquidity to ensur¢ suffi¢ierf fvrth are available for ongoin8 operdtions and futhr¢ d¢velopments. the charity only usts s￿rt temi dep)sits. The annual report was apwoved by the trus*es of the thartty on 30 Aw5¢ 2024 and S18n￿ on its behalf by: Christopher P Tn]stee cis Sharpe Page 10 SAYes Mrntoring Ltd Statement of Trustw. Rwfj$ibiliti¢s The trustees {who are also the diEtiaoYs of SAYes Mentoring tAd for the purp(*5es of company law) ar¢ r¢5ponsibl¢ for preparin8 th¢ tTUStee5' rew)rt and th¢ fina￿141 stst¢ments in accordance with the United Kingdom Ac¢ouniing Stsndards (United Kingth)m Generally Accep￿[ Accounting Prnctice) and applicable18W and regul*ions. Company law require5 the trustee5 to financial stat¢m¢Rts for financial year. Under company law the trustees must not approve the financial Statements UDiess they are Satisfi￿ th• th¢y give a true and fakr view of ihe stale of affairs of th¢ charttsble cornpany and of its ino)miDg ffSO¥TttS and 8ppli¢ation of resources. including its inc4)me and expenditvr4 for th* period. In weparing these fmancial Sta*Men￿ the trustee$ are required ￿.. stleet suitable XCKJuntin8 policie5 and apply thern consistentty: obseThe ihe methods and principks in the Charities SORP. make judgernents and estimates that ore re&sothle and prud. ent" state whether appIl￿ble UK Accounting Standards have be￿ followe41 subject to any material departures dis¢losed and explained in the financial statetncnts" and prepare the fLnan¢ial sthtem¢nts on th¢ 80ing con¢¢rn basis uoless it is inappwriate to presume that the ¢haritsble company will o)ntinue in ￿￿1n￿. The ￿slee$ 8re resp)nsible for keeping adequ*e accounting record5 sufficient to show and explain the cIAritsble company's Iransactions and di￿lOse with reasonable accurxy at any tim¢ the financial position of th¢ charitable rA)mp8ny and tnable them to ensurz that the financial slatemeTtts comply with the Companies Act 2006. They are 8lso T¢s￿nsible frir safeguarding th¢ &$5¢ts of the charl￿ble ￿MpanY and hen¢c for tsking rwonable 5t¢ps forthe prevention aDd detectÈ¢)n of fraud and other trregulariiies. Approv¢d by the trustees of the charity OD 30 Au8U5t 2024 and sigrKd on its behalf by.. Christopher Pa TnJ5t¢e 15 Sharpe Page 11 SAYes Mentoring Ltd IDdepeDdeDt Examiner's Report to the trustees of SAYes MeDtoring Ltd I report on the ac¢4)uM$ of the thrity f£* year 31 December 2023 which art set out on pages 13 10 23 Resprttive respotssibilitits of trus(tes #nd exaMiTrtr The knJstee$ (who are also the di￿£￿T$ of the company for the purpxu of compfiny law) are responsible for the preparation of the accourt￿ The trustres consideT ihat an audit is not required for this year under section 14412) of the Charitie5 Act 2011 (the 2011 Act) #nd that an independent examinltitsn is netdcd. The charity's gr055 income txceeded £250.000 and l am qualtfied to und￿￿e the cxarnination by bein8 a qualified mcrnbcr of the Instiiute of Chartertd Accountants in England and Wales. Having satisfied myself that the charity 15 nol subject to audit company law and 15 eligible for it)depet)d¢n¢ examin*ion, it is my responsibility to: examine the *cetyJnts under seLXion 145 of the 2011 Ac¢ io follow the pr￿edureS laid down in the 8¢nenl Direaions given by the (hrity Commission under seciion 14515Xb) of th¢ 201 l A¢(. aftd to State whether particular rnatter5 have eome lo rny altention. B4sig of ittd¢pÈnde•t eJ•mtn¢r's report My examination was carried out in accoydance with the general DirectiOQ8 8iv¢n by the Charity Commissjon. An examination includes a of the a¢¢ounting kept by the ¢harity and a ¢omparison of the accounts presented with those records. It also includes ¢onsidcration of any unusual itetDS or disclosures in the a(¢owits, 4nd s¢¢king explort#tiotts from you as trus*es wrt¢¢rning any $uoh m4tt¢ts. Th¢ prnc¢dur¢s undertaken do not provide all the evidence that be required in an audit and consequently no opinion 15 gkven as ￿ w1￿her the a¢¢oUT￿ prtsent a'true and faiT view. and the Tewjrt is limT*d to th)se matters Set out iD tht statement below. Independent exawiner'i st*terneDt In ¢onncction with my examiDation, no matter has rda￿e with section 386 of tht Companies Aet 2006" and prepare a¢¢ounts ￿tiCh accord with the xwuniing I￿rds. comply with the accounting requirtments of section 396 of the Companies Act 2(M)6 artd with the methods and principles of the S￿ement of RerA)rn￿td Prnctice: AecA)UDtiD8 and Re￿7￿4 by Charities have not be¢n rn¢i or (2) to wht¢h. in my optthioTr, slk)uld be dr•wn in Ivderfo ¢noble ¥ pmpet uJhJerstsDdinsof the ￿unts to be reached. DavÉ Dixie FCA Dixi¢ A$S￿lateS 167 Black HaytKs Ro Selly Oak BiTrnin8ham B29 4RE 30 August 2024 Page 12 SAYes Mentoring Ltd Ststement of Financi•l.Activitiey for the Year EDded 31 Deeemb¢r 2023 Oncluding I1￿0￿e and Expemditure Account and Statement of Total Recognised Gains and Lo&ses) Unrtstricted funds Restricthl Totsl 2023 Nots Ineomt *nd Endowmthts frnty: Donations artd l¢gaci¢s 58.477 212,079 270.556 Total Income 58.477 212.079 270,556 Exp¢ndityre on: ChaTjtabl¢ a¢tiviri¢s 137267 90.926 228,193 Totsl Expendiout {137.267 (￿.926 228.193 N¢t {expenditur¢Yincom¢ N¢t mov¢m¢ttt in fiu 78,790 121,153 42,363 {?8.7￿) 121.153 42.363 Re£ondll*tion of funds Total fvnd5 brou8ht for¥vaTd Totsl fvnds carried ftsn¥8rd 62.745 62.745 121.153 Unr¥tritted 105.108 Tgta! 2022 lffjrorn¢.aDd Endowrnents from". Donations and legxies 103,655 103.655 Total Inwm¢ 103.655 103.655 Expendlture on: Charitablt activitie5 76.354 (76.354 Total Ex￿dIti￿re 76.354 76.354 Net income 27.301 27,301 Net moyement in funds 27,301 27.301 R¢coDciliatioD of fuDds Total fimds bmught fon¥ard 35,444 35,444 Total fund5 carrtcd forward 62.745 62,745 All of th¢ charity's a¢tivities derive from continuing op¢rdtion5 during the abov¢ two p¢riods. The funds breakdo￿ for 2022 is shown in note I l. Page 13 SAYes Mentoring Ltd (RegistrAtioD number. 6693065) BalaDce Sheet as at 31 December 2011 2023 2022 r4ote Fixed 1&sets Tangible assets 4.S47 Current wets De￿or$ Cath at bank and in hand 49,660 64.748 25,864 37.198 114,408 63,062 Crediton: f•llittg d¥wilhh othtyt•r 317 Net current wets 100.561 62.745 Net a$9ets 105,108 62,745 Funds Of the eh*rity: Restrleted in¢om¢ Iwndj 121.153 Unrestricted income funds Vnre5tri¢t¢d fvnd5 16.045 62,745 To¢*1 f•ods 105 108 61745 For the financial year ¢ndin8 31 D¢c¢mb¢r 2023 th¢ tharity wa5 ¢ntitlrgJ to ¢x¢rnption from audit under section 477 of the Companies kn 2006 ￿1*in8 to stDall wnpanies. Diredors, resp)nsibiliiies: The memlxrs ha￿ not required the eharity to obtsin an audit of its accounts for the ye4r in question in a¢LxTrrdan¢e with se¢tson 476. and The directors xknowledge their resp)ftsiTrJili¢ies for c4)mplying with the requirements of the Art with respect to aetounting reeLirds and the prepa￿lOn of a¢counts. These accounts have been prepared in accordance with the provisi￿￿ applieablc to companie5 subject to the Small ¢ompanie5 regime. The finaneial stat¢ments on page$ 13 to 23 weEt approv¢d by the and autlvised for tS5ue on 30 Aury5t 2024 and signed on their b¢half by: Chri$iop Trustee Paul ramcis Sharpe Pag¢ 14 SAYes Mentoring Ltd Notes to the Finanethl Ststements for the Yegr End_ed 31 December 2023 l AccouDtiDg polities Summ¥ry of 8iVtifitllDI ll¢couAtittg ￿lIcieS and key aeeotwtthg The principal accounting ￿)lICieS applied tn the preparation of these financial statements ale set oiit below. These policies have been Consistently applied to all the year5 presented. unless otherwise stated. Statement of eompllaAee The financial staiements have been Fyqjared in accoTdtn¢c with Accountrng and Reporhng by Char¢ttes'. S¢atem¢nt of Re￿MMended Practice applrcable to charitie5 preparing their accourrts in accordance with the FinaDGial Reporting Standard applicable the UK and Republic of Ircland (FRS 102) (cffcctivc l January 2015) - (Charkti¢$ SOR￿ IFRS 102)), the FinaD¢ial R¢prtinB Standard applicable in the UK and Rq)ublic of Ir¢land (FRS 102) and the Cornpanies Ad 2006. B¥5is of prepar*tio SAY￿ Mentoring Ltd mexts the definition of a publi¢ benefii C￿lty under FRS 102. Assets and liabilities are initially ￿￿gnised * historical cost or transxkn Tn]ue unle55 otherw75C Statcd in th¢ ￿1¢Yant aGcounting policy riotes. Going eoncern The trystees consider that thert tre no material uncertainties about the charity's abiliry w coniinu¢ a5 a going ¢orK¢rn nor any significant ar￿ of ￿T￿ert￿nty that affta the ¢arrying valu¢ of assets held by the charity. ExwDptioD from prepAriDg * ush IIDW 5taternent The charity opted to early adopt Bulletin I published on 2 F¢bw 2016 al￿ hav¢ thryefoff IKA included a c&sh flow statement ITI these fillancial ststements. Exemption frorn prepriDg 8roiip #t￿lInts The charity has tsken •Jvant2ge of the ex¢mptioti in secti(m 398 of the Companies Act 21)06 from the requiremeni kn prepare consolid*ed finarKial sW¢m¢nt8 on the grounds that it is a sma]I sized gTOUP. Ineome ettdowments All ift¢ome is Yeco8rti5ed once the charity IM entkilement to the inwme, it is probable that the In￿Me will b¢ received and the amowit of the incooK receivable can be measured reliably. Don*iions and leg4cia Donatlolls ar¢ re￿gnIS¢d wh¢n the charÉty has been ￿tified in writing of both the am￿nI and settlemeni date. It) the event that a donation is subjecl to conditions that require a level of perfonn8nce by the charity before the charity is entiiled to ihe fiv)ds. the in￿rn¢ is deferrd and TK)t recognised until either those conditions arr fully met. or the fulfilrnent of th(trse Conditions is wholly within the controj of th¢ ¢lwity and li is probable th* th¢se ¢onditions will be fulfilled in the rtporting period. Gronts recei%vble Grants ar¢ rewgnised when the dwity ha8 an enmlement io the fimds and any ￿ndItiOnS linked to the grants have been mei. Wh¢re perfOnnan￿ wndition5 are attached to the grant 4ThJ are yet ￿ be mel the Énc4)me is reeogniscd &$ a liability end included on th¢ b31aorx $I￿l as d¢f¢rT&q InC￿e to ￿ rele&sed. P￿e 15 SAY¢s Mentoring Ltd Notes to tbe Fillanciaj Stgt¢m¢nts for th¢ Yeo.r En4¢d 31 December 2Q23. Exp¢ndits All expenditure 15 recognised once there is a legal or ￿nStrUCti￿ obligation to that ¢xpet)diwre. it is probabl¢ s¢ttl¢ment is r¢quir¢d and the amount can be mt45urrd reliabty. All rA)5ts arc all¢x8ted to the appIl￿ble ¢xp¢rtdi¢ur¢ heading that a88re8ate similar costs to that cthgory. Where costs be direcdy attributed to parti¢ular headings they have been allrKated on a b&5iS ¢o￿lStent with the use of resource4 with cenirdl staff tosts alloc*ed on the basis of time speni and depte¢iaiioD charg￿ allo¢*ed on th¢ portion of th¢ ass¢i's use. Other support costs arn allocated bas¢d on the spr￿1 of sthffo)sts. Chwi14ble4TrtIKilies Charithble expendittjre comprises thos¢ costs incurroj by the charity in the delivery of its activittes and service5 fyr its b¢nefiojaries. Tt in¢lyd¢s ¢ws_ tbat w. b¢ al1¢xa￿ dir¢¢rJl to such actjviii¢s those Wts o!4n indirect nanjtt n¢¢essary to support them. Grtsntprovlslons PrnvisioDs for gran¢s are made when the intentton to make a 8Trnt h&s been communicated to the recipient but there is uncertainty 8iKJut ¢ither th¢ timin8 of the grant or the wnount of grdnt payable. Gov¢rn•ne¢ costs These include the costs attrilmthle to the ch8rity'5 ￿mpli8￿ce with ￿nStItUtiOn￿ and ststhtory ￿quI￿Men Including audil strategic rnana8ement and trustets's rneelings aDd reimbutsed ex￿nseS. Government gr4Trts vernment grants are rttogrtised based on the K¢Tual model and ore me4suTed 8t the Pair value of lh¢ 8ss¢t received or receivable. Grnnts art classified as relating either to ￿VenUe or to assets. Grants relating to revenve are re¢ogni5ed in income over tht period in which th¢ T¢lattyJ ¢osts 4r¢ T¢¢0￿1$¢d. Gr&rtts fflating to aSS¢iS 8 r¢cO￿lsed over the expected useful life of the asseL Where part of a 8rani le]￿irtg ￿ an asset is deferred. il is r¢cogni$ed &s deferred income. Taxatio The charity is considcred to the tests sd out in P4ragrW I Schedule 6 of the Finance Act 2010 and therefore it meets the defjnition of a charitable compAny for UK Corpornt￿￿n t&x purposes. Accordirtgly. the charity is potentially cxcrnpt frorn t￿tIOn bn re5pr