Annual Report
The
o AVOCADO
and Accounts:
Our Story 2023
Formerly Money
PJ
infoLthheavocadofoundation.org
•44(0)844 3S10072
O O Q htt￿lI1nktr.*ern1tAV(XADoF•ts1bdatiOfi
#W(r1dCI￿Wers

Contents
The
ag F￿1ndatiOn M4rLey
Welcome &ThankYou
Acknowledgements
Equity, Diversity, and Environment
Mission, Vision, Values
UN Sustainable Development Goals
Strategic Goals and Priorities
Key successes
Communications, Media, and Events
#OperationTransparency
Partnerships
NONPROFITS
AVOCADO+Accelerator Programme
14
AVOCADO+ Lite Executive programm￿ IS
Dragons Den
16
BAMER HUB
Financials
Independent Examiner's Report
Financial Review
Statement of Financial Position
Balance Sheet
Fund Breakdown120231
Governance
23
24
25
26
27
28
29
io
li
12
13
17
YOUTH
Bonsaimoney &Tech for Good
ENTREPRENEURS
I#WorldChangers
Entrepreneurship Training)
Impact
18
19
20
21
22

Welcome & Thankyou!
The
rC￿r
F￿1ndatiOn M*￿eY
In 2023, the voluntary sector continued to navigate significant headwinds, with
economic uncertainty and deep-rooted inequities presenting formidable
challenges. Yet, we remained steadfast in our mission, bringing practical
knowledge and skills to more young people, entrepreneurs and non-profit leaders.
The year marked the successful launch of our pivotal #OperationTranspJren¢y
report, "often Tolerated, Never Acceptable.. The Diversity Data Gap in Charitable
Funding and Governance" at the House of Lords. The report and campaign ignited
vital conversations across the sector, advocating for meaningful regulatory
changes and layingthe groundwork for future transparency and equity in the
charity landscape.
Ourcommitment to eradicating economic inequality extended overseas, with
impactFul training sessions in Ghana and Nigeri3, reaching hundreds of women,
youth and entrepreneurs. We also celebrated another milestone with the Ilth
instalment of Dragons Den, where £90,000 in funding was awarded to BAMER-led
non-profits, empowering grassroots initiatives to continue their invaluable work.
Our BAMER HUB online network exceeded 600 members in 2023, forming a vibrant
commLJnity. As we look forward, we know that thejourney ahead will demand
resilience and collaboration. But together, we continue to rise, knowing that the
work we do today lays the foundation for a fairer, more inclusive tomorrow.
To everyone who has 5UPPQrted and journeyed with u5 through 2023 and beyond..
thank y(>u. Rain may not f311 on one roof alone, but with shared purpose and
determinatic>n, we wezther every storm.
MDE
CEO & Founder

Acknowledgements
We are incredibly thankful for the ongoing support from our valued funders. Special recognition goes to our past and
present funders, including City Bridge Foundation, The National Lottery Community Fund, Tudor Trust, Co-op
Foundation, COMMUNITY Barnet, Esmée Fairbairn FoLJndation, Global Giving, JRSST-CT, London Funders, Making a
Difference Locally, Paul Harlllyn Foundation, The Lions, UK Comrnunity Foundation, and Youth Futures Foundation.
Our heartfelt thanks also extend to our dedicated Trustees.. Alezandra Udueni, Dilys Barnett, Edwin Viegas, and
Frederic Je3n-Baptiste.
We are proud to seNe our inspiring community ofentrepreneurs, non-profits, and young people, whose engagement
is central to everything we achieve.
Lastly, we deÈply apprÈciatÈ our volunteers, whose daily contributions enrich every facet of our work. Their support is
truly invaluable.
Reference and Administrative details
The legal and operating name of the Charity is TheAVOCADO Foundation IFormerly Money4YOUI. The Charity is registered in
England with the Charity Commission, Charity number 1157549. The Charity operates as a Charitable Incorporated
Organisation, was registered on 19 June 2014, and operates in accordance with its Articles of ￿SOCiation. The trustees are
all individuals.
Our address is Suite 12 Mill Hill House, 6 The Broadway, London NW7 3LL. Our phone number is +44101844 3510072, our
website is theavocadofoundation.org, and our contact email address is Info
theavocadofoundation.org. Click here to
access our other social platforms.
The
F￿rf
F0Unckrt￿n M*kney

Equity and Diversity
The
F￿1ndatiOn M*￿eY
In keepingwith our Equity. Diversity and Inclusion Policy. we embrace and celebrate the diversity of
ourworking, learning. and service delivery environments. We approach employment, volunteering,
learning, and Service delivery with an equity len5- recogni5ingthat everyone 15 an individual and has
specific need5, which we airn totske reasonable step5 to accommodate.
We also aim to ensure that within 811 areas ol work, we prioritise the needs ol the underrepresented
individuals and groups thatwe Serve.
We are fully committed to equality ol opportunity and seek to take positive action to support this
whenever possible. We believe that all ol this isjourney and we are committed to learning,
transparency and staying accountable alongthe way.
Environment
In keepingwith our Environmental Policy, The AVOCADO Foundation IFomierly Money4YOUI 15
comrnitted to continuously pursuing opportunities to reduce consumption of resources, to avoiding
waste and cornplying with all environmental legislation, regulatory and corporate requirements to
protect the environment.
We acknowledge the connection between the climate and otherenvironmental crises and the threat
of current and future homelessness, disease, food and water shortages and poverty lor millions of
people around the world, as well as the major damage being caused to our natural ecosystems.
We therefore recognise our responsibility to reduce our carbon and environmental footprints and
formally committo championing environmentèlly responsibilityto those we serve.

The
AVOCADO,.-
Mission, Vision, and Values
a? FourKkrtion Mrffj2y
The AVOCADO Foundation (Formèrly Money4YOUI is a charitable
incorporated organisation that operates in the UK and overseas.
We are on a mission to eradicate the economic inequalities
experienced by young people, entrepreneurs, and non-profit
organisations, from underrepresented communities. We started
out as Money4YOUth in 2014 and evolved to Money4YOU in 2020 to
reflect our expanded focus and reach. We are now The AVOCADO
Foundation.
We work with intelligence. In a rapidly changing world.
our interventions start with a clear, accurate and deep
understanding of the needs olourservice users. With thi5
insight, we are committed to collaboratively developing
and implementing high quality solutions. These are
differentiated and impattful Ènough to Ènsure that they do
not create dependence but instead enables them to be co-
owners and true architects of their own change. Our
overarching aim is to provide Excellent, Ethical and
Evidence-based Empowerment solutions.
We envision a world where no one is poor because ofthe colour of
their skin or their ethnicity.
We need interaction. In our work, the strength of
collaboration is about'working cooperatively with others
to work towards common goals. In practical terms, this
means that we actively seek opportunities to build
partnÈrships and encourage processe$ and climates where
participative decision-making is the norm.
We value Integrlty. We operate in an open, honest and
transparent manner with everyone we work with. We set high
seryice standards and hold ourselves accountable forthe quality of
our work and the results we achieve.
We love Insplratlon. We apply creative methods that engage,
inspire and motivate those we teach in an environment that fosters
innovation and forward thinking. By focusing on theirspecific
needs, we provide tailored solLJtions that are developed in
collaboration with our stakeholders. This provides authentic and
enriched learning experiences for learners, fosters new way5 of
thinking about their own practices and enlightens them about
resources, potential pathways and opportunities.
We subscribe to the beautiful South African philosophy of
'Ubuntu, which recognises that we are all bound together
in ways that can be invisible to the eye; that there is a
oneness to humanity,. that we achieve ourselves by sharing
ourselves with others, and caring for those around us.

The
UN Sustainable Development Goals
ag F￿1ndatiOn M4rLey
Our work aligns principally with three UN Sustainable Development
Goals..
Nn
WAU
Et¥JCAlloN
1.51 End poverty in all its forms everywhere. We are buildingthe
resilience of the poor and those in vulnerable situations as well as
reducing their exposure and vulnerability to economic shocks and
disasters.
4.41 Ensure inclusive and equitable quality education and
promote lifelong learning opportunities for all. We are
substantially increase the number of women and girls, youth and
adults who have relevant financial literacy, business development,
and other skills, for employment, decent jobs and entrepreneurship.
10
REDU(
INEQUAUIIS
10.31 Reduce inequality within and among countries. Through our
interventions, we are reducing inequalities of economic outcome for
underserved and underrepresented communities.

The
Strategic Goals and Priorities
ag F￿1ndatiOn M4rLey
2023 was the last year in our 2021-23 group of strategic goals and
priorities:
Reduce our reliance on grant-makers by cultivating alternative
sources ofearned income
With partners, deliverAVOCADO+ Accelerator Programme in the
UK to build the capacity, resilience and sustainability of 50 small
BAMER-ledlrun charities and social enterprises
Identify and cultivate 10 partnerships and opportunities that
enhance Money4YOU's growth, influence and future
sustainability.
Produce quality information and 6 training resources for
ind ividuals, families, schools and community groups worldwide.
Proactively and reactively offer them to all that wish to enhance
their skills, knowledge and confidence in financial literacy and
enterprise
BAMEff

The
75+ Hours
675
rC￿r
F￿1ndatiOn M*￿eY
of specialist one-to-one
training delivered via
the AVOCADO+
Accelerator programme
participants
21.3 %
reached through our
#Worldchangers
Entrepreneurship and
Financial Literacy Training
BAMER HUB annual
user growth
achieved
605
event
£451,800
registrations
in successful grants
awarded to our
AVOCADO+Accelerato
Fellows in 2023
£90,000
Snapshot of Key
Successes
340 |
in fundingawarded to 6
BAM ER-led nonprofits at
our 2023 Dragons Den
event
4,580
episodes
seNice users supported
through AVOCADO+
Fellowship organisations
in 2023
of BonsaiBriefs podcast
published
2,021
693
new strategic
partnerships formed
podcast streamed
and played across
different platforms
BAMER HUB
members

The
rC￿r
Communications, Media, and Events
F￿1ndatiOn M*￿eY
Nlaking an impact isn'tjust about deliveting the work.. we also knowthat ourinfluenceon
the public conversation around ourareas of work matters. These articles mentioned our
work in 2023.
North Bank Fomm.27 Fob.2023
Civilsocioty. 14 5trp2022
mmi
civil5￿￿EtYMedJa.24 March, 2023
Ci¥il&ciety. 09Q(12023
dlrnemoiiey, 130(c 2023
605 event
tickets
CivilSo(iety. 09N9V20￿jN￿bv5
ordered in 2023
UKFwndialsln9. 21Jiily2023
io

#OperationTransparency Report:
Often Tolerated, Never Acceptable
The
o AVOGAPO ,,, .,
Foundation Mdqey
The diversity data gap in charitable funding and governance
Report Launched on November 8, 2023 at The House of Lords
#Operation
Transparency
Research conducted between January 2022-November 2023
In 2023, with support from JRSST-CT, we wound down the #OperationTransparency campaign, which aimed to close the diversity
data gap in the charity sector.
Key achievements included publishing'often Tolerated, NeverAcceptable: The Diversity Data Gap in Charitable Funding
and Governance." a 12,000-word report advocating for mandatory diversity data collection by the Charity Commission.
Additionally, we developed an acce55ible campaign toolkit in various format5 and created a digital archive of research and
resources.
Earning Trust
H(IWDOWEDE51GN FAIR.IMPACTFUL.ANDEQUIT
CHAR1TYDIVERSITY￿TA?
A high-profile launch event at the House of Lords brought together key stakeholders, facilitating vital policy discussions. The
campaign's visibility grew significantly, with increased media coverage elevating the discourse on diversity and transparency.
Bridging the
Data Gap
Overall, the campaign built a strong foundation for future initiatives, broadened advocacy support, and secured political interest
from shadow ministers. We are grateful for JRSST-CT'S partnershipj which has been instrumental in our progress towards a
more transparent and inclusive charity sector.
FROMTk4NSpAktNCYTODEttsLONISATION
Scan to Read
the Full Report

The
rC￿r
F￿1ndatiOn M*￿eY
Partnerships
We are grateful forthe invaluable support of our UK and
overseas partners, who share our commitment to
collaboration and making a positive impact.
Kingdom Care Orphanage ITogol
Lewisham Local
Linklaters
Literzcy and Integral Dev't (Togol
Media Trust
NRCN (Ugandal
Ntentan Projects (Ghanal
Ogudu GRA Residents Association and The Holy Family
Church INigerial
Professional Women ILiberial
ROTA IRace on the Agenda)
Salesforce
The Ubele Initiative
United Action for Children Icameroonl
Voice4Change England
A special thanks goes out to..
African Child in Need (Ugandal
Apex Community Aid Ghana
CAHN (Caribbean & African Health Network)
Charity Excellence Framework
City University of London
Community Watch Initiative (Sierra Leonel
Engineers Without Borders
Fountain Heights and Top Grade Secondary Schools
in Nigeria
Getting on Board
Grassroots Web
The Good Trouble Collective LTD
Hogan Lovells (Alicantel S.L. & Cia
Joedy Foundation (Kenya)
4lFlnawthlEquii
nuphiianth
We appreciate the contribLJtions of all our partners, funders,
and corporate sponsors. Their support is instrumental in
achieving our mi55ion.
12

The
NONPROFIT PROGRAMMES
F￿1ndatiOn MrfrLey
AVOCADO+ Accelerator Programme
AVOCADO+ Lite Executive Programme
Dragons Den
BAMER HUB
G6
13

AVOCADO+ Accelerator Programme
What Makes It Unlque..
Launched in 2016, this is the UK'S prefnieraccelerator prografnmespecific8llydesigned for BAMER IBlack,
Asian, Multi-Ethnic, and Refugeel-led charities and social enterprises. Itfocuses on six key 3re3S-fin3ncial
ritness, oper3tlOn5, impact, le3der5hip, network5, and 3warene55-offeringa 0￿￿year1nte￿Sive cour5eto
boost sustainability.
Fouthion
How ItWork$
Participantsjoin monthlytwo-d3ytraining 5es5ionsand receiveyear-round supportfrorn 3 consultant
chosen based on theirspeiific need5. Ourcon5ultant5 areexperienied third-sector profe55iona15Wlth
@xpÉrtise In govÈrnance, financÉ, incomè divèrsification, and supporting BAMER groups.
Impact".
Empowered Organi53tion5.' Supported 56 BAMER-led nonprofits, imp?cting99 individu?1s.
Financial Growth.. Awarded £451,800 in gr3ntSto program fellows.
Skill Developtnent.. Delivered 68 hour5 of training and 75 houtsof one-on-one support.
Key khievements..
Increased Resilience.. Enhanced financial fitne55, operations. lrnpact, leadership, networks, 3nd
awareness for partiCiP3ting org3nisatlOn5.
PositivÈ Feedbèck.. Pèrtitipants praised the program for its value, eMpÉrtise. and support.
Community Impact.. GradLJates ère makinga difference in theircommunities through theirwork.
SpecialTh3nk5:
We extend our gr3titudeto ourcon5ultant5-Hemant Mi5try, Hugh Stultz, Kemarwalford, and Fiona Murray
Sr*me 2023 Fellow5:
Active Horizon5'. Empovvering BAMER youth through leadership, arts, 3nd sport5.
A5hok'5Vision'. Supportingvisually impaired individu315Wlth resources and skills.
Breadline London.. Combating povÈrtywith essential support services.
"YheAVOCADo+progrommeh¢751Ren ugumechongerforusutone
Community. Inspiteofhovingbetn on0t￿r$I￿lIt1[Pr0gram11trés, this one
hos beenbylorthe mostlmpottfvl."
Yewonde Kinnike, One Community
D3'?roYouth Project.. Supportin8youngrefugees from the Horn ofAfric3.
14

AVOCADO+ Lite Executive Programme
TF
Foundcrtion
OveThiew:
Launched in April 2022 as a pilot, the AVOCADO+ Lite Executive Programme supports leaders
of BAMER-led nonprofits with an accessible, focused alternative to the annual intensive
AVOCADO+ Accelerator programme.
Eight-week virtual classes covering governance, project design, fundraising. financial
management, leadership, risk management. marketing, communications. income
generation, and data interpretation.
Designed based on Charitie5 Aid Foundation research to build resilience and sustainability
in smaller nonprofits.
Key Highlight5:
Cornprehensive Curriculum: Covered essential topics like governance, fundraising, finance,
and leadership.
Expert Guidance- Provided one-on-one support from experienced consultants.
strong Participation.. Attracted 29 organizations and 90 individuals.
Positive Impact.. Increased capacity and skills among participating nonprofits
Feedback:
IOOO/o of participants agreed the programme met their needs.
Praise for the quality ol facilitators and interactive learningforrnat5.
Suggestions included adjusting 5e55ion pac@, length, and providing rnore eKample5 from
previous cohorts.
"Ifoundthisses$ion to be highlyinlomiutiveondhelpful. Ihovemore
insightinto leadershipandgovernunce thotl willbeworkingon. Ict7n't
believehowmuch Ihoveleorntin one se$sion.°
- UfuomuGrttceAnighoro, TheMuTvellov5 Girls Club
Impact..
The programrne strengthens BAMER-led nonprofits by enhancing skills and networking
opportunities, supported through events like Dragon's Den and resources on the BAMER HUB.

Dragons Den 2023
Fourthtion m<￿Y
Overvlew:
Dr3gons Den wa5 e5tabli5hed in 2012to bridge thegHp between Small BAMER-led nonprofits and
grant-makers. The 2023 event marked its Ilth edition, held at Saleslorce Tower London, with pro-
bono support from Salesforce and funding from the City Bridge Foundation.
"Thegranth05 tTunsformed my
plunningprocess untlollowed
me to foctss on supporting
81Gckfemole founder5 Irt
London.
Participatory Grant-making:
Dragons Den emphasises community-driven funding by givingequal weight to 8udience votes
nd funders, evÈluations in grant decisions. AttÈndeÈs also contribute through donations and
ticket purcha5e5, promoting5hared power and collective purpose.
Rtt¢hoel Polmer, Block
Muven, 2023 Grontwinner
Impact and Engagement:
£90,000 in grants awarded to seven organi54tions, in amountsof £20,000. £10,000. 3nd
£5,000.
12 Iin31ists, selected from 55 applitants, pitched to an audience of BAMER nonprofit peers,
whosevotes were cornbined with funder5' decisions.
Winners included Bridging Barriers, Black Maven, Travel Hands, Proud To Be Me. Ashok
Vision, and Financial Harmony, benefiting London communities.
Since 2019, Dragons Den ha5 distributed £400,000 in grant5 and in-kind gift5.
The event attracted 155 attendees from BAMER-led nonprofits and the funding sector. with a
hybrid format incrÈ3sing participant and social media engagement by 20(Ph.
Pitch participant5 benefitfrom networking opportunitie5 and non-financial 5UPPOrt through
the AVOCADO+ Accelerator Programme.
£90,000
in grant5won by
BAMER-led
isatio
12
Gratltudt:
We are immensely grateful to our 2023 keynote 5peakerJeff Green as well as all our sponsors and
supporters land in particular.. Association of Charitable Foundations. Calyx Drinks. Cripplegate
Foundation, NHS Blood and Transplant, School for Social Entrepréneurs, School of African
Languages Limited, Social Investrnent Business and SolarAidl for helpingto make Dragons Den
2023 3 success.
live pitches
55
applications
16

BAMERHUB
'Myorgonisotitrn, Active Horizons, h05
benefittedimménsÉly fromyourintensive
support ofcL7pucitybuilding andso much
more. Icon te5rifyos to howyou orestsch o life
sover, pttrtitulorlyto BAMERorgonisotiortsiir
Fourthtion m<￿Y
Overvlew:
Launched in 2020, BAMER HUB is an online platform tailored for BAMER-led non-profitgroups,
offeringdigital tools and resources based on insights gained from eightyears olthe AVOCADO+
Accelerator Programme.
3:16
Average duration of
a visit to
Yeukoi Toruvinga. CEO, Active Horizon5
Recent Developrnerrt5120231'.
In 2023. BAMER HUB was revamped Igaininga new platform and appl and membership reached
693-a 21.386 increase from the previousyear. User engagement has deepened, with an average
Vlslt duration of 3 minutes and 16 seconds. We added 293 new lundingopportunities. enhancing
financial support for our members.
Duringthe year, 822 usèrs accèssed the plattorm, with 363joiningthrough referrals, highlighting
the community'5 comtnitment to Sharing resources. We received 3.8K page views, with popular
resources like the registration page and AVOCADO+ Lite program drawing significant attention.
Upcomingfeatures will improve connertivity byen3bling users to view profiles, message e3th
other, and engage in community forums.
BAMERHUB.com
21.3 %
186
year-on-year
user growth
693
#BrunchBriefing
attendees in 2023
BAMER HUB members i
2023
Events:
Bi-rnonthly BrunchBriefing5 and quarterly Innovation Hubs enable usto rneet high dernand for
supplemental training beyond the scope olthe AVOCADO+ programmes and they feature diverse
speakers on topics relevantto the non-profit sector and requested byour members. In 2023, we
hosted 5e551Qn5 With repre5entativesfrorn London Catalyst, People'5 Postcode Lottery, and the
National Lottery Community Fund, with'meet the Funder, sessions receiving particularly posltive
feedback.
293
new Funding
Opportunities
added
Overall. BAMER HU8 ha5 evolved into a vital resource for BAMER-led non-profits, losteringgrowth
and sust3in8bility within our community.
17

The
YOUTH PROGRAMMES
J7 Founcknion
18

BonsaiNoney:
Since 2014, we've been equippingchildren and young people with financial literacy and
entrepreneurship skills. A 2023 Money and Pensions Service report showed that 77Vo of 1&2+
year-olds feel anxious about finances, with nearly half feeling unprepared. Our Bonsaimoney
initiative. part ol our youth focused initiatives, addresses this by teaching eskntial skills for
financial success and driving positive change.
The
rC￿r
F￿1ndatiOn M*￿eY
In 2023, our training reached 495 children and young people in the UK and abroad, while social
rnedia efforts engag@d an additional 21,522 young people, Our youth-focu5ed web content saw
11,459 views, with a 128.9Oh rise in social rnedia engagem@nt overthe previous year. Resources
included blog posts, interactive podcasts, and money tips.
Tech forGood:
The Tech for Good initiative connects tech professionals, educators, and BAMER-led non-profits
to address social challenges using technology. Since its 2020 launch, the programme has
engaged 18 organisations and provided practical work eyperience for 54 students. In 2023. two
rounds were conducted.. one independently and another in collaboration with City, University
of London, where wherethe programme is now integrated as part of final-year students
coursework.
BonsaiBrièfs Podcast:
Our podcast, BonsaiBriefs, launched in May 2022 and continued through 2023, publishing daily
P150des. In 2023, it garner&d 2,021 play5-a 62% increase from 2022 with popular episod@s
like Compound Interest and Mak& Money While You Sleep. The listener base grew by 139%,
reflecting the rising demand for financial education arnong young people.
495
Children and Young
people equipped
with financial
literacy skills
"Ifeel much moreconfidentnowi I leorned voluoblesoving ondbudgeting techniques, t7s well os
importont insights oboutpensions ondinvesting. The warning obout'buynow, payloter, was
especiallyhelpful."_ Oussamo, London, 2023
340
podcast episodes
published
in 2023
Emmanuel from Nigeria
19

The
ENTREPRENEURSHIP PROGRAMME
g F￿1ndatiOn Mrfney
PCAD
, 1,1!
ne
PC4D
20

The
rC￿r
F￿1ndatiOn M*￿eY
Ourworldchangers Entrepreneurship Training (WCET) program
empowers aspiring and established entrepreneurs, particularly women and
girls from underrepresented communities, with essential ski115 and
resources to launch and grow sustainable businesses. The program covers
five core areas.. business development creativity and innovation
funding and finance, resilience and well-beingj and transformational
leadership. Training sessions are delivered at no cost to participants,
ensuring accessibility and inclusivity for those who need it most.
WCET'S impact extends beyond the classroom. Through ongoing support
and engagement, participants are equipped to thrive in their ventures and
continue their growth journey. They also receive pedagogical training,
enabling them to apply and share the skills gained, multiplying the
program's benefits within their communities. Feedback has been
overwhelmingly positive, with participants citing increased confidence in
business management, creative problem-solving, and financial planning.
"I leorned voluoble strotegies on soving, monaging, and growing my business. I reolly
enjoyed the troining". Emmonuel from Nigerio
WCETpfjrticipJnts in Ghono
21

The
rC￿r
F￿1ndatiOn M*￿eY
The WCET program fosters a strong sense of community through our active
WhatsApp group, which grew to 337 members in 2023. This online platform
provides a valuable space for ongoing peer support, knowledge sharing, and
continued learning. Follow-up surveys indicate that 68¥0 of respondents reported
business growth, 730/0 identified new funding sources, and 92010 successfully
integrated creativity and innovation into their strategies. Furthermore. 860/0
discovered leadership styles that suited their businesses, while all respondents
adopted resilience practices to SUPPOrt their well-being.
Our commitment to sustained engagement and localised
partnerships has strengthened community ties, expanding
our reach and ensuring WCET continues to drive economic
empowerment. ￿ we look ahead, we remain dedicated to
equipping changemakers with the tools to create brighter
futures for themselves and their communities.
68
entrepreneurs
trained in
Nigeria
2023 Impact:
Reach.. Trained 280 entrepreneurs in Ghana and
Nigeria.
Positive Impart.. 900/0 of participants reported
growth, funding access, and skill improvement.
112
entrepreneurs
trained in
Ghana
CETparticipunts in Nigerio
22

Financials
Fourthtion M*y
23

Independent Examiner's Report for the year ended
31 December 2023
The
rC￿r
F￿1ndatiOn M*￿eY
I report to the charity trustees on my examination of the accounts of the Money4YOU (the Charity) for the year ended 31st December 2023.
Responsibilities and basis of report
As the trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirernents of the Charities Art 20111'the Act'l. I
report in respect of my examination of the Charity's accounts carried out under section 145 of the Act 2nd in carrying out my examination. I have followed 311
applicable Directions given by the Charity Commission under section 14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe
that in any material respect:
l.Accounting records were not kept in respect of the Trust as required by section 130 of the Act. or
2.The accounts do not accord with those records. or
3.The accounts do not comply with the applicable requirements concerning the form and content of accounts Set out in the Charities (Accounts and Report51
4. Regulations 2008, other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to
enable a proper understanding of the accounts to be reached.
Matthew Upex F.C.C.A. IFellow of the Association of Chartered Certified Accountants)
MPU Associates Limited, 44 Salisbury Gardens, Bourne, Lincolnshire, PEIO OFU
24

The
Financial Review for the year ended 31 December 2023
rC￿r
F￿1ndatiOn M*￿eY
Respèrtive re$ponsibilitie$ of trustèes
The charity's trustees are responsible forthe preparation of the accounts. The charity's trustees consider that an independent examination is required for this year under section 144
of the Charities Act 20111"the Charities Act'l.
Method of preparation of accounts
The financi31 statèments have bèen prepared implementing thÈ FRS 102 SORP (Statement of Recommended Przctice forAccounting and Reporting by Charities) 2015 las amÈnded
by the Bulletin issued in February 20161 and in accordance with the Financial Reporting Standard 102, leflective 1st January 20161
Money4YOU meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenNise stated
in the relevant accounting policy notes.
Financial Review of the Position
The Trustees confirm that they are 5atlsfied that the Charity is a going concern.
Policy on Reserves
The Trustees aim to hold zt least six months of operating costs as unrestricted reserves, in line with our sustainability strategy, to protect against financial risk and any drop in
income. At the close of the reporting year this policy had not been met. One key reason for this is the support given to the 4ENTREPRENEURS Restricted Fund. There is a large
requirement in this area and although Unrestricted funds were required to complete this work the Trustees feel this was of great importance. With further resource even more good
could have been done such is the requirement. The Trustees have plans for raising Unrestricted funds in a variety of ways, particularly in respect of the monetisation of COLJrses and
the large amount of data the charity holds. In specific respect to the WCET, the Trustees have plans to generate incoming resources for this specific fund in order that the urgent
work required can continue.
Approval of this report
This report was approved by the Board of Trustees on 1811012024

Statement of Financial Po
The
AVOGADO,,-
R••trld•d
lficom•
ftind•
UTrr•strlct•d
fundi
Endo*Tr•nt
fvnds
Prforyoar
lunds
F￿ndatIOn M*42y
R•¢Lvnm•nd•d cat•gorl•* by xllvlty
Tolal funds
Incom•
4.297
198.155
202 452
6.278
197.500
203 778
10.575
395.655
406 230
8.835
251.511
Tolaj
Exp•ndllur• '
Èwndttur• on:
158.081
193.695
351.776
225.360
(hh
Total
193 695
351 776
N•t Incom•l(•xp•ndltur•) b•for• lax for th•
r•portlng p•rlod
44.371
10.083
54.454
34.986
N•t Incom•l(•xp•ndltur•) aft•r tax b•lor•
Inv•slm•nl galnsl{lou•8)
N•1 In¢om•l(•xp•ndltur•)
Transf•rs b•lw••n fund*
Al•1 mov•m•nt In fvnds
44.371
44.371
20.850
23.521
10.083
10.083
20.850
30.933
54.454
54.454
34.986
34.986
54.454
34.986
R•condN•llon of funds."
Tot4
Total funds ￿n*•d forn•rd
26
36.961
60.482
FA.427
95.360
101.388
155,842
66.402
101.388

Balance sheet
RMtrlct•d
UmBtrlci•d I￿0￿• Erbdemmwi Toial th1•
lunds
ndi
lund*
Total Iisi
FNn
Foundatton Mth£y
Current a888ts
Cash at bank and In hand
Total cwr•nt •u•ts
61,232
61,232
156,592
156,592
101,888
101,888
95.360
Credltors: aMo￿ts falllng du• wlthln
on• y•ar
750
750
N•t curr•n¢ •ss•ttyWlltl•s)
60,482
155,842
101,388
Total •ss•ts l•ss curr•nt IlablllU•s
60.482
95,360
155.842
101,388
Total n•t •ss•ts or Ilablll¢l•g
60,482
155.842
101.388
Funds of the Charfty
Endowm•Trt fund• INot• 27)
R•strlct•d Inc•m• fvnd•
96,360
60.482
64,427
16.111
20,850
101,388
Unr•strfct•d lund8
60,482
D•*lgnat•d funds
Tot￿ funds
60,482
155,842
Dosignated fund8 In 2022 rewosent monles alk)cated by tho Trustees for amocatlon to the undorfufthd Restrthd
4ENTREPRENEURS fund. Th1$ trarbsfar was mad8 during the 2023 yoar.
27

Fund breakdown and descriptions for the year ended 31 December 2023
The
Foundcrtw)n
Fund
Fund
b*l•n¢•*
lYp•￿EE R
4xUR'
btought
Galn¥ *d
Exp•rwJhur•
Tran•hM
ftsrw•rd
Fund n•m
Uniestrcied
4YOtrrH
36.￿1
202.452
156.Q81
.482
To PTowts funthng of youth in untsr-
repr8senled Cornn￿￿￿0S. Providing $upport
Y trainlw lI￿ag￿j 9 10 23.
3.914
1.555
4PIONPROFITS
To grovFd& 6upp)rt lo ￿￿profits8nd
L4witth. ￿Ma￿lY in und8r.repres8nteLT and
a4MER Cornmunrt￿. Th& wposo ofth
lund 15 to promtte 8 cithmunty p￿thi and
rosouTC& dlowlng Dry*)￿11￿$ lo become
r•BAr￿1 and Sus￿￿8￿0. PTDvwJ6d
l agpects of rinning a nol-for-wofit
gani8aknn,
c(ffipILgnc•AThI the ben0fiOa￿
oundw In excoHence_
79.&IB
11111
192.608
165.954
IL￿.162
4ENTREPRENEURS
To prowdo tr￿nll and adutation fof
viduals in counlrt*s. Th8 fund
ms to eqvip Ihos¢ indvkbjas slolls to
Iwan￿nI opern*t¥J ￿ thdlenwg
Fc¥*merrts.
1.170
14.037
12,a67
IIOPTIOp8rnWM4 Transpwwl
was pThi¢ed by Joseth Rowni
ReformTrust. CTfora caftwlon to
wKow¥ge The Charty Commits$Nm
tho way in thich dauon ihtr thwd ¥Bc¢w 14
¢(d￿rIed aTrJ dBpl8yod. ThB Cutrenl systim
&x$ noi a¢Jequale Informall￿ on
9000. •outhty. or
10.(
9,790
351,TT6
210
155*42
Tow p•r b•l•n¢• •h••t
101,3
Tr*)slvsfKth re5ery•8 loRsstrKtsd m$WW8s bayoboen dunng thvtyoatéufr k)thll ov8rn*eLnhiyToquKemBntforswwrtoftswDTk uTrJertakan ty tt*4EP4TPEPREI4EURS
28

The
Governance
Interns and Volunteers
Ul Founckrtion M•-ryY
As always, we're deeply indebted to our amazing interns and
volunteers. This year, they generously gave theirtime and expertise
to help us run events, edit videos, maintain our virtual learning
platform5, produce transcripts of training events, create
partnerships, offer mentorship to young people, and strengthen all
the other behind-the-scenes work that multiplies our impact and
seNes our community.
Board of Trustees
Dilys Barnett
Edwin Viegas
Alezandra Udueni
Frederic Jean-Baptiste
Chief Executive Officer
Signed on behalf of the trustees:
Amickycarol Akiwumi MBE
We are satisfied that this represents a true and lair view of
the financial position of Money4YOU
Director of Strategic Operations
Dawn Morris
s Barnett (Chair I
Edwin Viegas (Treasurer)
29

4You
4You
Miiikney
4You
The
Fou)dotvJn
FormoAyMoney4YOU
4You
eyffjk M.
Extraordinary
impact emerges
from the daily
actions of
ordinary people
who choose to
make the most of
their time, talent,
and treasures.
- Amickycarol
infwheavoeadotoundation.org
+44(0)844 3510072
000 https:
1ninktr.eemeAVOCADOF•￿d￿ti•Th
#￿￿dC1￿rfjers