Registered Charity Number 1149605 Company Registered Number 07472750 THE MENTOR RING LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 AMENDED ACCOUNT
THE MENTOR RING LTD TRUSTEES REPORT FOR THE YEAR ENDED 31sf MARCH 2025 The trustees present their report and the unaudited financial ststements of the charity for the year ended 31 March 2025 st INTRODUCTION The Mentor Ring (TMR) is a small, yet dynamic charity committed to supporting marginalised and underrepresented individuals and communities across Wates and England. Since its inception, TMR has established Atself as a vital source of mentoring, guidance, and culturally sensitive support, offering services that promote health and wellbein& educational achievement, language development, cultural awareness, and Community cohesion. With registered operations in Cardiff and Bexley, our mission is to empower individuals by fostering connection, inclusion. and opportunity. OBJECTS OF THE CHARTfY The company is governed by a memorandum and articles of association. The principal object of the company continues to be the promotion of charitable work in England and Wales with particular emphasis on the mentoring of individuals. The charity is structured to ensure that the Board of Directors meet regularly to oversee its operations. The Mentor Ring's mission is to empower individuals from diverse socio-economic backgrounds to overcome barriers and reach their full potential. Through tailored mentoring, workshops. skill-building, and community events, we support educatio employinent, health, and social inclusion, fostering resilience, self-confidence. and integration. Our work creates lasting positive change across communities in Wales and England. ACHtEVEMENfs AND PERFORMANCE During the 202K2025 reporting year, The Mentor Ring (TMR) continued to strengthen its presence and impact across both Wales and England, expanding its service delivery and solidifying its reputation as a trusted conununity organisation. With a strong foundation in Cardiff and an increasingly established base in B¢xley, we successfidly extended our reach and deepened community engagement across both regions. We were fortunate to rec¢iv¢ funding from several sponsors such as the Royal British Legion, which played a vital role in sustaining and expanding our programme delivery. In England, we also secured The National Lottery community Fund for community-led initiatives. further supporting our beneficiaries in Kent and Bexley area. We held Health Fair in Dartford in partnership with Health Team lead of Dartford Borough Council which as successful and we will continue to do the same next year 2026. This year saw a notable rise in referrals in both Cardiff, Kent and Bexley, leading to increased participation across our s¢rvices-particulaTly in our yoga groups and English language classes. which continue to receive
THE MENTOR RING LTD TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31sf MARCH 2025 excellent feedback for accessibility and impact. Our community footprint widened through collaborative events with a variety of organisations i.e. voluntary sector partners, interfaith groups. and cultural groups. helping us build stronger, more inelusive networks. TMR remained actively involved in Welsh civic life, with representation at key events such as interfaith fonuns, local council initiatives like More in Common Anti-racist Wales Action Plan (ArWAP) meetings and Stronger Things. Notably. one of our senior team members was honoured with the appointment as Honorary Air Commodore for 614 Squadron, reflecting our growing contribution to veterans, support and civic partnerships. TMR is proud to be a recipient ofthe Silver Covenant Award from the Ministy of Defence under the Defence Employer Recognition Scheme. reflecting our dedication to supporting the armed forces community. Additionally, we have been awarded the 'lnvesting In Volunteers? UK quality standard. recognising our commitment to best practices in volunteer management. We continued to deliver a wide variety of activities and events that brought people together, supported learning, and celebrated cultural heritage. including: Cultural and Religious Celebrations, includin8 Festival of Lights, Colour Festival, International Yoga Day, and South Asian Heritage events, which brought hundreds of people together across Cardiff, Kent and Bexley to foster understanding and celebrate diversity. Bollywood Dance WorlL8hops, which were highly engaging and offered a fun, active way to explore cultural expression. Community Events such as "Community Coming Together" days. which encouraged open dialogue and unity among residents and local leaders. Mentoring partnerships in England, including with the University of Westminster, which provided valuable guidance to students and youn8 professionals. Youth and Family Engagement, including summer play schemes, afterschool clubs. and educational trips to Brecon Beacons and London, encouraging youn8 participants to explore both local environments and cultural valucs. Coffee Mornings. promoting social connection and mental well-being through themed discussions, guest speakers, and creative activities. Yoga Practice Session8 held both online and in-person, leh supported holistic health across all age groups.
THE mElOR RING LTD TRUSTEES REPORT (CONTIIYUED FOR THE YEAR ENDED 31ST MARCH 2025 Healthy Eating and Cooking Classes, delivered in parthership with Adult Learning Wales and local schools, promoting nutrition and cross-cultural learning. English Language Classes. which saw strong engagement and culminated in certificate ceremonies celebrating learner progress. Minority Ethnic Communities Annual Health Fair (MEC), is a free drop-in event dedicated to promoting health and wellbeing within the community. In collaboration with several other organisations, the fair aims to build healthier, more inforn]ed communities by offering tndividuals and families the chance to engage with a wide range of services and support. Digital Inclusion Workshops, equipping attendees with skills to navigate technology safely and confidently. Volunteer Engagement, including a celebration for Volunteers Week, acknowledging the invaluabl¢ contributions of our team. RESERVES POLICY The Mentor Ring holds reserves to ensure it can respond effectively to unforeseen financial pressures and continue delivering services without disruption. "Reserves" refer to unrestricted funds that are available to support TMR'S general operations and are not tied to specific projects or obligations. TMR maintains reserves at a level equivalent to at least six months, operational expenditure. This ensures financial stability in the event of income shortfalls or unexpected expenditure, and it allows time to implement long-tern] solutions where needed. The reserves policy is reviewed annually as part of the Trustees, financial planning process. The Board of Trustees approves the use of reserves only when necessary to safeguard the organisation. Regular financial reports and forecasts are reviewed quarterly to ensure reserve levels remain appropriate and compliant with legal and regulatory standards, including the Charity Commission's guidance (CC19). PUBLIC BENEFIT STATEMENr In line with Section 17(5) of the Charities Act 2011, the Trustees of The Mentor Ring confinn that they have had due regard to the Charity Commission's guidance on public benefit when making decisions about the organisation's activities. exists to support and empower diverse communities through mentoring, health and well-being programmes, language classes, cultural awareness activities, and capacity-building initiatives. These services are provided without discrimination and are open to all who can benefit from them. Through its work in Wates and England, TMR enhances community cohesion, promotes inclusivity, improves individual well-being, and offers learning and development opportunities, th¢r¢by delivering clear and measurable public benefit.
THE MENTOR RING LTD TRUSTEES REPORT (CONTINUED FOR THE YEAR ENDED 31ST MARCH 2025 STATEMENT AS TO DISCLOSURE OF INFORMATION TO THE AccouNfANTS So far as each Trustee is aware, there is no relevant audit inforniation of which the charity's accountants are unaware. Each Trustee has taken all the steps that they ought to have taken as a Trustee in order to make themselves aware of any relevant accounting infonnation and to establish that the charity's accountants are aware of that inforniation. CONCLUSION Though The Mentor Ring is a small organisation, the depth and breadth of its impact are truly pmfound. Through our mentoring relationships, cultural programmes. and health and education initiatives, we have continued to bring people together, foster inclusion, and empower individuals to grow and thrive. We are proud to have built bridges across cultures and generations. supported those in need, and helped shape resilient. connected communities. As Trustees, we are deeply grateful to our volunteers, staff, funders, and community partners for their unwavering support and belief in our mission. Together, we are making a real and lasting difference and we remain committed to growing that impact in the years ahead. FUTURE DEVELOPMENTS The Board of Directors expect to maintain activity to be monitored based on the current situation of funding. We remain committed to expanding our services beyond South Wales and into England. RISKS POLICY The Board of Directors actively review the major risks that the Charity faces on a regular basis and believe that maintaining reserves at current levels, combined with regular reviews over key flnancial systems will provide sufficient resources in the event of adverse conditions. The Board of Directors also examine other operational risks faced by the charity and confirm that systems have been established to mitigate any SIlfICant risks. RESULTS The results for the period and the charity's financial position at the end of the period are shown in the attached financial statements. DIRECTORS AND TRUSTEES The Board of Directors are also trustees of the charity and there are no other trustees.
THE MENTOR RING LTD TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31sr MARCH 2025 THE TRUSTEES The Trustees who served the charity during the period were as follows: Rajani Devi Ponnada - Chair Yusuf Rangoonwala- Treasurer Chetna Sinha- Deputy Treasur¢r Sunil Pulapaka John Gamblin Sean Newton Joan Simon Jessica Leigh Hooper Tania Ghafari John Kenneth Newton
THE MEIYTOR RING LTD TRUSTEES REPORT (CONTINUED) ST FOR THE YEAR ENDED 31 MARCH 2025 CHAIR PERSONS REPORT FOR THE MENTOR RING {TMR) The Mentor Rlng (TMR): Expanding Reach, Deepening Impaet The Mentor Ring (TMR) continues to thrive and grow in its mission, delivering meaningful and measurable impact across the UK-even amidst the ongoing challenges of the cost-of-living Crisis and a rapidly shifting social and economic landscap¢. Originally rooted in Wale4 TMR has now successfully extended its reach into England. marking a significant step forward in its evolution into a tNly national organItion. Our dedicated team remains at the forefront of this progress, working Collaboratively to design, deliver. and develop r¢silienL engagin& and ¢mpowering work streams. These initiatives support individuals, communities, and organisations both locally in Wales and across the wider UK, with a strong focus on inclusivity, wellbein& and long- tenn community development. TMR works closely with South Asian Heritage Trust and the CEO is also a volunteer Regional cordInatOr for Wales for South Asian Heritage Trust. We are proud to acknowled8¢ that His Majesty the King had forn)ally approved the appointment of Ms Sujatha Thaladi our CEO an Honorary Air Commodore of No. 614 (count of Glamorgan) Squadmn. We also partnered with Dartford Borough Council and organised a health Fair for South Asian community members. TMR is proud to be a trusted partner to organisations such as Kidney Research UK, Diabetes UK Cymru. Kidney Wales, and the Strategic Diabetes Clinical Network. Through our joint efforts on the'Peer Educatoe programme a pioneering initiative aimed at rnising awareness and promoting early diagnosis of chronic kidney disease (PACTED) - we are helping to address health inequalities in ethnic minority communities in Cardiff and Newport. This work focuses on prevention through education, equipping community members with the tools and knowledge to manage their condition through early intervention and culturally sensitive support, This year, as always, we express our deep gratitude to our Board of Trustees, staff, and members. Your unwavering dedication, expertise, and generosity make our work possible and our vision attainable. We are proud of the collective commitment shown by everyone involved with TMR in creating safer, healthier, and more empowered communities. At the core of everything we do ar¢ people. TMR exists to amplify the voices of those who often go unheard offering supporl mentorin& and advocacy to individuals navigating complex health and social care systems. Without the continued support of our volunteers, partners, and local networks, many would lack access to a trusted and respected organisation that champions their concerns and empowers them to act. Tog¢th¢r, we remain committed to building a future where no one is left behind, and where community-led mentoring remains a powerful force for positive change across the UK. Kind Regards Rajani Ponnada Chair
MENTOR RING LTD TRUSTEES REPORT (CONllNUED) FOR THE YEAR ENDED 31sf MARCH 2025 RESPONSIBILrriES OF TRUSTEES The trustees (who ar¢ also the directors of The Mentor Ring Ltd for the purposa of company law) are responsible for preparing the Trustees Annu Report and the financial statements in ac¢ordanc¢ WAth applicable law and the United Kingdom Accountin8 Standards (United Kingdom (3enerally Accepted Practice).. Company law rquires the trustees to prepare 8tatements for each financial year which give a ts and fair view of the state of affair8 of the charitable company and of the incoming resources and application of resource4 including the income and expenditure. of the charitable company for that period. In preparing these fiDjaI statemett the trustees are wuirnd to: Select suitable accounting policies and then apply them consistently; Observe the methods and prAnciples in the Charities SORP: Make judgements and estimates that are reasonable and prudent Ststr whether applicable UK Accounting Standards have been followe4 subject to any material departu disclosed and explained in the financial statements; cbarAtable company will ¢ontinue in operatio The ITh5 are responsible for keeping proper accountin8 records that di108¢ with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply wath the Companies Act 1985. The trustees aTr also responsible for safeguarding the 8&8ets of the charitable company and hee for taklng reasonable • for the prevention and detection of fraud and othff irregularities. tNDEPENDEiYf EXAMINER A resolution to appoint Gordon Down & Company Limited &8 indepentht exami for the ensuing year will be proposed at the Allnll Oovernance Meeti DECLARATION This report was apprnved by the board on ocJDk. 2D 2r Siwl on behalf of the charity's trustee8 Mr8 SuJath8 Tlwladl- CompaDy Seer¢tary
THE MENTOR RING LTD INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE MENTOR IUNG LTD I report on the accounts of the charily for the year ended 3151 March 2025 set out on pages 4 to 9. Respeetive Responslbilities of Trustees and Examlner The charity's trustees (who are also directors of the company for the purpose of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 201 l and that an independent ¢xamination is needed. The Charity is required by law to prepare accrued accounts and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England & Wales. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responssbility to: examine the accounts under section 145 of the 201 l Act; to follow ihe procedures laid down in the General Directions given by the Charity Commission (under section 145(5) b of the 2011 Act), and. to state whether particular matters have come to my attention. Basis of Independent Examiners Report My examination was caTTied out in accordance with th¢ G¢nerdl Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the a¢¢ounts, and seeking explanations from you as trus*es concerning any sh matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a 'true and fair view,. Independent Examiners Statement In connection with my examination, no matter has come to my attention: (i) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that: proper accounting records are kept in accordance with section 386 of the Companies Act 2006, and" accounts are prepared which agree with the accounting records, comply with the accounting requirements of section 396 of the Companies Arf 2006 and with the methods and principles of the Statement of Recotnmended Prnctice: Accounting and Reporting by Charities (revised 2005). or: to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. (2) Signed Date 7vLr LS.Cohert FCA Independent Eximiner Gordon Down & CompAny A¢countAnts Temple Court 13A CathedrAI Rd CArdifT CFI19HA
THE MENTOR RING LTD STATEMENT OF FINANCIAL AcnviTIES (illeorporatin8 the income and expendithre account) FOR THE YEAR EIYDED 31ST MARCH 2025 Unrestrlet¢d R¢strl¢t¢d Total Tothl Note Funds Funds 202S 2024 Ineomlng Resourt¢$ Voluntary Income Total Ineomlng Rere¢S 33.535 33.535 44.836 44.836 78.371 78.371 62.424 62.424 ReSoUej Expended Governance Costs 720 720 690 Charitablc Activities Total Resources Expended 10.464 11,184 74,416 74,416 84,880 85.600 99,300 99.990 Net (out8olngylncomlng resour¢u for the year Ind ntt Incomel(expendl¢ure) for the year Fundi brought forward Fund$ rrf¢d forwArd 22,351 16.830 39.181 -29,580 56.697 27.117 -7,229 73.527 66.298 10.034 63.493 73.527
THE MENTOR RIIYG LTD STATEMENT OF FINANCIAL A1VITIEs (tncorporating the ineome and expenditsre account) FOR THE YEAR ENDED31ST MARCH 2025 Unrestrleted Restrieted Total TotAI Note Funds Funds 2025 2024 Incomlng Resources Voluntary Income 1.615 76.756 78,371 62,424 Total Incoming Resourees 1,615 76,756 62,424 114,348 Resources Expended Governance Costs 720 720 690 Chariiable Activities 10.464 74,416 84.880 99.300 Total Resources Expended 74,416 85,600 99,990 Net (outzolngylneomlng resources for the yr and net Ineomel(expendlture) for the ymr Funds brought forward -9569 2,339 -7230 10.034 16.830 56.697 73,527 63,493 Funds earrled forward 7261 59,036 66.297 73,527 io
THE MENTOR RINC LTD BALANCE SHEET AS AT 31ST MARCH 2025 Not¢ 2025 2024 Current Assets Other Debton C#$b at Bank 43,664 43,664 14,932 43.815 43.815 7,854 Credltors: Amounts filllng due whhln ooe year Net Current knets 28,732 28,732 35.961 35,961 Totsl Assets kns Current U•blllll¢s N¢t Assets 28,732 35,961 Funds General Unreslricted Funds Restricted Funds 33J77 4,645 28.732 11.026 24,935 35.961
THE MENfoR RllYG LTD BALANCE SHEET (CONfINUED) AS AT 31sf MARCH 2025 The trustees are satisfied that the company is entitled to exemption from the requirement to obtsin an audit . under section 477 of the Companies Act 2006 and that members have not required the company to obtsin an audit in accordance with section 476 of the Act. The dittctors acknowledge their responsibilities for complyin8 with the requirements of the Comp8nies Ac¢ 2006 with respect to ac¢ountin8 reeords and the preparation of aecounts. The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies, Subject to the small companie8. regime. The8e financial ststements are approved by th¢ trustees on And are signed o their behalf by: Yuuf Rangoonwala TreA8urer The note8 on pagu 13 to 19 forni an Integral part of the8e fmanelal 8tatement& 12
THE MENTOR RIIYG LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 l AeeouDting policies Basis of accounling - The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standards applicable in the UK and Republic of Ireland (as applied to small entities by section IA of the standard). Cash flow statement - The directors have iaken advantage of the evmplion in Financial Reportlng S¢andard No. Ifrom Including a cashflow Slalemenl on the grounds that ihe company is smalL Incomlng resources - All incoming resources are Tecognised when receivable and when all conditions for receipt have been met. No expenditure has been netted off incoming resources in the Statement of Financial Activities. Resources Pended- costs of activities in furtherance of the charity's objects represent those costs incurred directly in connection with charitable activities. Management and administration costs comprise costs associated with managing and administering the charity and include an appropriate apportionment of overheads. Funds struelure- Unrestricted funds are those available for general use by th¢ charity. Designated funds are unrestricted funds which have been set aside by the Trustees for specific purposes. Restricted funds are those where the donor has imposed restrictions on their use. 13
THE MENTOR RING LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025 2 In¢omlng R¢sour¢e$ Unr¢8trleted Restrl¢t Total Total Funds Funds 2025 2024 Voltttttary lTh¢omè Grants and Donations The Nalional Lollery Community Fund Welsh Governmenl, Culiurnl Grani The Allen Lane Foundation 28,416 3.954 28.416 3.954 19.750 4.000 4.085 5.000 3,309 CardilTThird Se¢ior Council Race Council Cymiu- Global Majority Funding Welsh Government 2.000 2.000 The Mary Homfrny Charitable Trusi Cardiff Council 1.500 6.984 Post¢ode Communtiy Trust The Wal¢rloo Foundations Community Foundation Wales The Tru¢ Colours TTUSI Mayor of London- TNL Community fund Hedley Foundation Th¢ Prince of Wales Charithble FundlKCCF 21,920 21.920 8.466 2.000 8.466 2,000 3.500 1.4Y) 1,000 1.500 10.000 700 Garficld We51on Foundation 10.000 10.000 Th¢ WIK)dward Charithble Trusi Race Council Cymru- Windrush Grani 2.000 31,920 44136 76,756 61,778 Other Grants aDd Doll#tlon8 Other Donations 1.615 1.615 1,615 1.615 905 905 Totsl Ineomin8 Re$ources 33J35 44036 78,371 65,683 14
THE MENTOR RING LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025 3 Resourees Expended Ratrietsd Totsl Totsl Fuds Funds 1025 2024 Govern#Dee Co Professional Ftts 720 720 090 Totsl Gov¢rDan¢e Costs 720 720 690 Cos¢ ofchrhbk Acthfltl MaDag¢menl Admltststrntlott Cmts Stafflttg Costs 55.239 4.785 3.829 35.239 4.785 3.829 64.037 Pensions Sessiond Sta(r 2.129 Travel and Subsisi¢rtce 2.864 2.864 63.853 66.717 70.575 Premls¢J C•Mts Reni and hi of 6.176 434 6.176 434 4,274 474 Insurance Telephone and Fa% 880 5,628 G¢n¢ral Adwthls¢vtlve Expel Office C( And Proie¢t gosis Softwtre and IT Supp Adv¢rti5in8 and PR Subs¢riptions Companies House Other proftsstona] ar fees Sthff Trninin8 and wdfare 6.178 436 6.178 436 11682 447 596 596 328 453 368 9,188 7.662 23,098 Oiher Expen 2.902 2.902 2,902 609 609 Crft of GeDerntlD8 Volmnthry l#eoAbe Other Di Costs 5.220 5.220 Totsl Cost of Cb•rh•bk Ae¢ivAies 10.464 74.416 84.881 105.130 Totsl R¢sour¢es EXthd 11184 74416 85.601 105.820 15