impact Irusl Inspire. Inform. Ignite. Report of the Trustees and Financial Statements for the year ended 31 December 2022 for Impact Trust Re8lstered UK Charlty. Number. 1167011
The Impact Trust REPORT OF THE PROGRAMME DIRECTOR FOR THE YEAR ENDED 31ST DECEMBER 2022 The year 2022 has been a meaningful one for the Impact TrusL tth in South Africa and the UK. It maths the 'gradtJation' of the last 8 years of effort that has focused predominandy on building the ROe5 to Resilien programme. The last year has seen the T[t gjceessfulty lUate its inCUtor, R2R SA NFC and hand over the reins of the now rebranded sinati111ty Matters to Geonjie RaLtliffe and Mi5etwa mrany6. previously employees trained arKI developed with us over the last four years. It has atso seen the Creation of Ecowida Routes led by Martin Foulkes arKI the separation ofthe Impact Trl South African charty from the UK, effective January 2023. ImpactTrust SoLrth Africa i8 now merging with FI Trails Africa and Activate A¢8demy to focus its work on continuingto dowelop youth 8o¢wI Capital and active Gitizenship. Mergers in the Charitab space are unClMon. Yet they are an important and powerful optlon, one that can empower organatlS and enable them ts tske a swifKant to scale. We believe this can onty serve our beneficlafles better and we know that the COroItdati0n of the Impact Trttst SA'S work with that of Five Trails Africa and Activate Academy will help further expand the reach and contfinue to refine the content of the Routes to Rllence progrdmme, connecting them with the incredible currioulum content and programme development offering5 provided ty Activate adernY and supported the presen of'boots-on.the-ground' throtjgh the active facilrtatoys at FNe Tr8115 Africa. The South African Tntst - sLK)n to be renarned - will be guided by Chris MeintJ"es with a combined Lh)ard that will continue to irKlude Mike Freedman, Simon Peile. Gerry Salole and Tamzin Ractlrffe. In the UK. the Impact TriBt ttas supwrted the estsblishment of Ecovida Routes led by Martin Foulkes as Executive Director. EcoV¢da Routes will continue to lead and develop the Routes to Resilience work in the UK. Woiking in service of the needs of youth and educatots in the UK, whiL8t aLw rlIaratIng with Five Tralls Africa and the gfowing 0bal Community of Practts established to serve education for sustalnabll leadership, Martin will be expanding these offerings to Ffftide a(xredrted CPD eduLZtor development support so needecl to embed sustsinability in the cUVIum. As excitin& Martin. who 15 an accredited Duke of Edinburgh's Award Leader. will be working with partners to create urte rrth-s0Uth sustsinability leadership learning and social action JourneyB. We look forward to continuing to supp)rt arKI gro¥1 the work that tth Martln arwj Chris are leadin& even rf from the stsnds. We are excr(ed that the fulktime reloCat)n of the TrLtst's Executive Directoi to the UK means the Trust will now pursue its next three h(x]zof with released enew and focu& We are sad to t saying goodbye to both Mike Freedman and Gillian Kettaneh on the UK 8oarO. Both were founding Trustees of the Impact Trust in 2011 and their Euidance and supwrt has trn deeply appreck4ted and valued. Al the same time, we are delighted to be joined ty Shaun Mclnemey and Sean Bellamy who will i* iaking up teeShIpS on the Impact Trust UK board in April. We are excited ty this moment... as tM"r(ts leatyt Ihe ne& tlity create SFxe for new opp)rtunities to tske fom) and primacy. We icxik forward to hawng thatSP9(t fty Trusi's further ron$t0 come into fow& 2021/2022 activity highlights We have focuseo on three key perfoance areas in 2022: l. Pfogramme reyllen th1 rtnehlF6 and Irtstrtutimal stren0hIng 3. Connecting the past and the futurw. trwjilding sock?1 capitsl netwoths and student engagement.. Routes to Resilience has progressed from idea to reality SIn 2011. From a small class of 10 students at Cedar HoLe in 2017 and a small foutKling of 2, we have over 2.5W young people directty in our programmes in Sovih Africa. a growing nufflkr in the UK aThJ hundr& of educators and wofesstonals seeking a greater ler$ndlg of our Ootffil wntext and the sjstemr tha1ngeS we face. Our social franchise gtfting model has now kid the foundab.on to reach tero of tIn5 - and hopefully sn fflany more than that. Below are some of the highlÉghts of the year. Page 2
The Impart Trust Putting Young People at the Heart In the past 50 ye8r5 the t)Tld's pulatiOn of )Ung people l)as more than doubled to some 3.5 billion. Today there are more lung peopk in the world than ever tEfore as-rthk IDuth- is ests"mated to have been reached (or reach its peak ty 20251. Over the Sa pErKxJ. unp[ecedert global change has hwlighted the increasingty u¢ent need for a new susteinabilty paradiEm to infomi how we live our lives. engage with the world and use our finite resouw. Young people will be most afferted ty the thaltenge of Sinab (le¥el(4JnenL Tlw will prthl to tts potential succe&% It 15 they who will dfive ek)b31 resourtf Use trends. diTtfuture wrMpn patterns and lead future polttical Wems change. Yet young people are not being exposed earty eno to the multrple and interwnneixed issu&s of sustainabiltty or the real nature of the challenges aTrJ opwrtunibes it Present& Thi5 inhibits their wtential to gairb a headstart on reswndingtO eme@nEfutufe and mears remain a yet urrtaptd force for drÉvingfar [lIve change. Our goal is to change that by act5vating a mithtthat inforn. inspires, and ignite5 action Confiden for sustainable, resilience futures. Today we have incutrjated and gra(1Lted i)Urfit soal enterprise. operating independentjy now as Sustainability Matter5 Ipreviousty Routes to ResilierLce Sll, and have adopt&J a gxial franchise partnership model that has made fomial Erfb"nggrants of R2R progrdmme training content and materiaLs to 5 organisations in South riCa who collectsvety enxe over 30.LKK) wple across their progTamme5 annual. These partners are commilted to partlp.g in a Community of Practice regularty reviewing content, meth(MJology. process. and lnCe and expanding or adjusb.ng fom)as accreditation structure and offerin& Partners in South Africa Cufrenty include: ACTIVATE! A ACADEMY GROOTBOS AfrikaTlkk SVSTAINABILirY MAThERS SERVICES With these partneTShit6 comes a more active'communrty of Prdctice. and it is wonderful to see this community expanding globally and the shared leamin> from yThJth f(¥1 organisatbons that are emerging In parallel. we are eased to be building a ed (XHwersations that will bring together young people of all ag&s and provide a Spa where they can share. leaffl from each other and take inspiration from each other's activism. Thss forum also provides a r#)werful way for u)ntinuty and SLSStsinable engagement for Alumni and mast IMrtantlY seeks to overcx)me a-nortlwuih- dmde by creab.ng new connections. As Sacha WrighL a past Conversational and youth ciKme aXi¥ist wrth Foff of Nature saMI so eloquently. .. most of the heavy liftifw in deVe1c¥)i llence andsupwt ts the health imp8GYs of dimate change is being done in 8 gra&sr(xs ttext, by Ihe C(¥munIt beaiirnj the bwnt of the climate ls8- parttcularfy in the global South. These stories mu& be listened to and leamed from. and then matched with similaremphaNs and energy in + practre to provide much.needed support and fiNIng. We have exrJ4nded our reaLwortd engagement ths year by partnering with VLSitorg a company that connects employees from glo1 (x)rnpan wrth al ifflpaci organizatK)ns through volUnr We have hosted over 15 companie5 ar 3Tr) emploJEesfor wnts that invotvestudent tea¢h career conversations, and visits to global companies. From student teach b8cks la GREAT conVersatn on Goldilocks Earth wtth PayPall to fearning journeys and mK irrterviews (including a fabulous v55it to MTr)dy's Analytics and the Mayfield Park urtk3n green space). these e¥ents provide expK)sur¢ to professionats ana help audents naviEate their learning and career patt We are so grateful to Wsti arKI the many eompanies, Frich Ratings. Paypal. GoTo, Twilio, Moody's Anatyti(s. N[Sen. Zapr. Jiwndo. Pdul Hastin£ Gty. I)Daddy. Pure Storage. the CPDSO and others who paTb"cipated in these. Pago 3
The Impact Trust W• have sp•nl lime wilh our sludrfs 044 grnknies lo •Jnd•rstand wh($ wovk•d ond wh¢rt htssnl. ManY'S •val4MlOn of R2R In April 2022 v were lu¢ky enough to secure the stanCe of the Flenley Busin Schwl to ewdluate both how R2R progrdfflmes are per1ve0 aTrJ how we mw athlress the dFffererrt needs of stakeholders and partners in a vmy that could bron the wch and access to programme material. This was a signrficart and necessary commitment to sernakIn& decisiorHnaking and action4akingth81 significantty informed the second haK of 2022 and the we are rM)w proceeding to expand in inIngfor wrth Five Trails Afric8 to build access to R2R programmes networlL% and reJationshir6. W• eontinue to r•fino our CPD •e¢r•ditl0Tr lo allow lor mam ond grnnvlarity. allowing for gmat P•Tsonqli¥qlion of1•4miNJ joum•ys whilsl mginlainiThJ standa1 09Th1110ft. The Resilient Futures Program i8 forJYJung Seeke and prknls who want to understsnd the future of work sn a changing wortd and develop their ability to W sustsinable li¥e5 and ch(w sustsinable careers. The program i% fully accredited by the lntsmab.onal Continuing PrOf10n31 Debtlopment Stsndards orrice ICPDSOI. eaming participants 216 CPD poin These points are recognized intemationalty and caft be added to professional development credits for worf(ing professK)naLs. The program a150 offer5 unique insights and skills in the rId of sustsinability and lInce. We have found that the current format 4 however. limited and doesnl allow for shorter. CPtk(xredited course opts'ons orflexibilty in different contexts. We will be working to improve and refine these offeri in 2023 fty more fl'Ity. W• arn •xptsnding oui Duk• of Edinbwgh Award Apwov•d Provid•r pMgramm•s. Our decision to pursue Duke of Edinburgh accreditstion for an after4chool enTrnent R2R programme Version arose because of the challenges hr)IS face in 'colouringouts•k the lines ol stipulations govern curriculum, the lack of adequate training of teachers in sustainabilrty principles and the urgent need for young people to understand the future. In South Africa. The Duke of EOlntNJrgh Award. known as The President's Award for Youth EmpowermenL alms to a(Sdress and prowde a workable youth deveknpment framework for youth-at.risk There were over 14.0(K) participants in the Awards in tast record120151. HoweNer. less than 17% of these numbeB a students from disadvantsged eommuniti'es. We are lookingfoward to expandingthL8 signrfKantty in 2023 wtth the trKoader a¢h that new partners provide Into schooL8. In the UK our partic1rtIOn in the Ashoka New CaPa.11e$ for a New Wortd progr8mme led us to Martin Foulkes who was also Head ot Enrlchment and Head of Department for Geography at LIWe Lever School. Working wrth Martin allowed us to further (levelop to the needs of a student group aged 12-14 years. This will become. we antlte. a Bron levd programme for Duke of Edinburgh ac¢xeditstion. It also provides meaningful sch(d.based curriculum resources for geogrnphy* and we hope to expand thbs With further support educator development in the UK in 2023. W• 4r• d•finlng with portn•r• und lh• Cyn•fin C•ntr• how lo mak• wlde of S•nMMak•r as lh• tool for •voluolion of impad, 5fvd• fvodÉiho ond Alvmni n•lw•Fking conn•dions. The need for a betkr understanding of experien and trmpt arrfl to estsblish a medium for continued engagement with Pjumni is something we have been aware of for some time. It was reiteTrted in the Henley evaluation rerx)mmendaiions and has berJ)me a funding allocation prilty in 2023. Whilst we undertake programme evaluats.orts after each pfogramme, the need to understand and provide the opportunty to engage and re-engage overtime is crtti.cal to really ha a deep sense of we are making a difference, where we are tsiling to and what we can do drfferentjy. Sensemaker is a distsibuted ethnography tTr)l that allows stuaents to submittheir personal narratives based on lived eXgenen, providing an optK)rtunrty for accessing pefsonal interpretations as opposed to our subjective interpretatiors of their feedbacK Sewmaker i8 effeclively a qualitstive tool that allow5 for ouantitattve patterns to emerge. reflecting how peOe intere( engage wiih. and respond to the programmes and how they Tewrt on the changes they live overtime. By understanding more atoutthe commonalits'es and drfferences between these. we might txtter uryIerSta )W to open the possibilitses for better programmin£ Irreased engagrtor collecti4e pa13th)n in efforts that ents)urJge a greater eapactty for resilience. Page 4
The Impact Trust W• ar• r4•ating lrnm•wokn t• wpp•rt sw•ql l impoGI adion and m•onlngfv1 imm•r4i•n exwi•no& Includ&1 in INJr Communrty of pract in 2022 6 &yJth African NGO Yotrth4C0eration. an ooanisati)n stsrted in 2019 by Dr. Maria Ha. the mothw of one (rf4)ur fitst ever students at Cedar House12017). Its aim is to increase the opwrtUnit for youth to engage in immetsive meaningtul and affordable consewdtion leaming eXrIenceS that Include volunteerin& research, and discovery. All youth4c0nseIi0n rortner5 Isouih Afra, Botswana and Namibia} are with i)fganisab"ons that take eon5erwdtion seriousty. whether rt is con(1.ng research. contributing to bThliversity. working with communities or building aWarer around key ¢onseNaty"on challenges. Partners are chosen because they oan ensure that the aetivityes of our volunteer3 mean slynethingon the grourxl. Ywth4Conservatyon experienc8s beyond 'environmentsl edui3tfion'. encou13&ngJuuth to be utiTrns corrtributingto something bigger than themselves. W•'r• inviting ond supporting partn•rs mak• us• of ow tonknt Ihrovwh our glftlng model. Durlngthe period the'new. R2R web5f(e Iwww.routes2resilience.orii was created to make evident our giftsng mcxlel and invite partners to 'appty' for engagement in the community of practice. We ale delighted to be spreading the word to support this capacity building and resource sharing wlth others. For youth on the cusp of change N4 Within th• h••rt• and minds of young pwple11•s a hury•r for chanp. Our partii•t$ am ¢ommitl•d lo continuir¥ lo ilewal•, add to, and d•v•lop lh¢ b•s• possibl• r•slli•n jovrn•y through ¢oThlinu•d l•arniThg proofarnm• d•v•lopm•nl and accredikntion. From the outsetthe Tnjst has been committe(J to ewringthat there its leaming mrIe15 are 5ubstsntive and robust in tenms of the inderndent verification they maintsin. This is imwrtant for several reasons: It offers a WeIleye10ped. reseaich cU1culUrn Infom ty dimate Scien and a deep understsnding of 5U5tainabilsty concepts and combines 1cUttuFal kamry theory and ace-b8Sed learning and with the pedago¢i and s(xial pro(xssto trarthese in that sUp[K leamiftg at head, heart and hand level. It g'ves Confiden for educators who may be new to ecolrterary and Sustslna.1ty, providing CPD competenGi85 that allow them to conts'nue their professK)nal development whik gaining Ix)ntenl knowledge arKI improvingtheir classrLK)m mi. It gives students formal reColtE0n from a gb)bal organizatKin fortheir learnmw arrfl engagewnenL Page 5
The Impact Tn To achieve th4 we have erwred that OUrt woin proyJams the s)gnatU Sustsinabtlity Leadership Award and the Resilience Future5 0g[arn. are accredited under global CPD Standarils. We also, however. strive to manage the dynamic tension of quality a1 s(ale. We recognr3e that partners are best equipped to understand and iespx)nd to the unique ntexts wrthin which they operate and engage young people. To that end, we seek to move bwnd rigNd blueprints or'paint by numbers. rules to hotd a central Core. a hallmart(. through which we alert and er)gage students in the Tealisation of i)ur interconnected systems and their potential impact and contiibution therein. Al)ove all, we are committed to our own - and our rtne. _ lrfdong leaming aThJ capacity development This empowers partne to make deci8ions. to innovate and adopt new idea5. to incorporate new understsndings and engage with their young people in releyant wdy& The c(%nmitment to sharingthrough deep collective learning within the communlty of pracbce so that all can benefrt is a eometstone in our partnership relatbonship& We are not afraid to Yail. we are cornmitted to failing 11 and learning deepty from it and getting up to try agaiFL And so, in closing The single biggest challenge facing any social ntU catsljst 6finding the way to scale an Klea that Lw)me5 a pil(rt that torneS a tAP1esbIisd programm8 meettngformal accreditation stsndards. As a public benefrt organisation. we have sought to (Jo with without replting infrastructure. We a delighted to have found some of the routes to this with a end of rlY created ortsnisations tskkng forward the core of the work both in uth Africa (Sustainability Matters) aThJ in the UK IEcoVKla Routes). to have embedd1 our programmes with partner organisations and to have merged the South African acts.vity wbth the very well placed an¢J experienced ktivate PKademy. l affl excrted at the ssibl11b'eS that are opening now for all these organisations.... for the Impact Trust UK. we remaln commthj to tls core wrpw. Whllst we wlll LX)ntinue to support these organisations as they gtow, we are excited at the opportunity the gap of thwr'graduation, provides for other projects to gain some presertee and momentum in the year ahead. We wll be MO vigorously putsuing oui work explorlng pollcy and practlce to SUPkk)rt colwfve lIlen in the of change at work and will gfve more tlme to tlKJse other partneT5hlp InlatIVeS that have seedeo and stsrted to grow over the last two years. Thank you to eVerTh who has Sup th6 worf( o¥ertt last Jtar. l am gxateful as l am sure we all are. T*n Ractllffe Page 6
The Impact Trust REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 The tru5tee5 present their rep1 with thendla1 Statern ofthe rtY and the grp knthe ar ended 31 Dernber 2022. The trustees have adopted the wlOn5 oftl Statement of Rec(mmended practi applicab to charlties preparlng thdr accounrs in accordan with the Bnancial Repti Standard for Smaller Entities (the FRSSEI (effective l January 20151. Reference and Administration Charity Name The name of the charlty Is tr Impact Trust ITr T) The tharity has also been krnwn as the SEED Impact Trust (UK) and tt Nexii l)ebdopment Imp#rtTntst ISAI. Both names were d)anged in January 2017 to alkn ena11 the conSldatIOn of adivibes acCLn The South Afrlcan charitywill be its name in 2023 and will no Ier fm part oftr con501idated annual port beyond 31" December 2022. UK Charlty Number 1167011 SA Publlc Benefft Organlsatlon Number 93CQ38303 P80 Trustees Mike Freedman (Chairl Glllian Kettaneh Anthony Harold Notcutt Gerard Marlo Salole STrmon PebFe Ire5i8ned Jary X123} Irrnd Jw 20221 Programme Dlrertor Tamzln Ractlbffe Prlnclpal Office 30 Klng5 Lane. Wlndlesham. Surrey. GU20 6JQ Independent Examiner ffany PLrrves, FCA rJ1&4} About Finance Limitsd. 9 Danesfield, Ripley Surrey GU23 6LS Tel: +441483 223371 Banker5 CAF Bank Limlted 25 Kliy Hkl A¥e. HIM. West Mar* ME19 4TA Tel: +443LW 123 (MXI Page 7
The Impact Trust Structure, governance and management Governing Document The Trust is a lStered charity. number 1167011. constituted urthr a Trust Deed dated 26th NUnber 2015. The South African Trust was 4u31 ethbllshed under a fed of Trust dated 21# OLtober 2011 and is registered a5 8 Publi¢ Benefit Organisation nurnber93(K138303. The Trust wa5 estat5hed with an iniEial from the FoundK¥ Trustee& TheT actively funthaises and both Implements and suppwts pr3mmeS that wcrfnote plutsnthnwrf. hlgh impact scKial irNestment arKJ sU1ftable development globalty with a Mrong wcvdramme f( on artpiibes in the UK, Europe and Afrlca. Method of appolntment of Trustee5 The Deed provtdes for a miThmum of thr trust 1 trustees ofthefirtkne freely. Notru5tee remuneration was paid In the year. Detalls oftrustee expenses a5 related party traD$ad a ithsdosed in the notes to the accJ)un Trustees ore requiredto d15dose alt relevant interests aTrJ with tr Prwanme Manw (Exeartive Director) and, in accordance with the Trusvs policy. to withdraw from deri5ion5 where a confil¢t of interest arises. The trustees will ¢Msider trustee apkNilntments recruiied fortheir kntyle<tr. empathy aNI experien of the charlty and f£s mission and to ensure the Skil aThJ comp)srtion of the twstee bo(ty and succession planrtlng Is optlmlsed. Under the pr(WIon5 of the Deed ofT, ary trustÈe may wopose a trustee who ts will1q and elTr8tble to act as a trustee. New trustees may also be SIKht Iyopen athrtisement or Iou4h a diakn&ue wFth pr05pertlvÈ Durlng the year, Gillian Kettaneh reslgned from the Board after 11 15 wlth the Trust. We are grateful for her valuable Input and supF over so many years. At the end oftheyew. the merglng of lmpaL1Tni sOh Africa wfth FITraIl5 Afrfca l Actlvate Academy has seen the separatlon of the UK and &4Trustk Gbml these de10. Mlke fteethnan will reSn as Trustee and Chairman Ir¢)m the UK Board effectbvejanuary 1° 2023 though remainire on the Board of the South Africa Trust. Tamzin Rartliffe was apFdnted to the LIK board as Trustee effecbve frffii I" Janu¥y 2023. Shaun meY arKI Sean BelLamy have agreed to lake on the ro ofTrv5tees effective A11 2023. The Bo¥d WHI kn contlnue to Identlfy and en8a8e new trustees In Ilne wlth Its pTraMmatiC 1n1t1at. Indurtion and tralning of Trustees There is nofombal induction wocess. Hvè¥er. a w)poIntrnent Ixes•)tallon introdthe Obt$ and artMtle5 to potential Trnstees and literature is male availth to tlIne darlfy Tork of theTrust. In addition, Trustees are introduced to ihe reSpObIlItIeS and duties of a trustee and the exFeCtatlon the Charlty has of them. All trustees have conslderabie experien eItr astrusteesor a5 company the(lors. Related parties The Trust has had a Srth Afrlcan"slsteff chority, a Wc benefft ganIsatI. also caifed the Imw Trnst South Afrlta that has led the w(rdmme delrlery of its w(Yk in South arKI S(xrtkni Alri(3. This entity is registered as a Trust (IT 2801120111 and Public Benefft tr8anisatFon with the Sthrth African Revenue Serwces IPBO 93LKJ383031. It ralses funds Separate and in conjundion with thè ImpatiTntst UK for its wogrammatit Work in South Afrita. In addltton. the Trust establFshed R2R South Africa NPCto hw all ftleS to ResllierKe wogramme actNfty In South Afrlca. Both of these èntltleswere tonsolidated the auspites of the UK Trust. Durin8 the year under review. a decision wastaken to Separate Impact Tnjsl SA from Impact Trust UK in order to effect a merger ofthe forn Scrfrth AfrtGn entbty wtth Fe TrallsAfrka and Active Aodemy. This would allNY Impact Trust South Africa to focus on its geography and build capacityfor morè direcE praraMMe delNery. Effe¢tiveJanuary 1st 2023, therefore. Impaet Trust South Afnca will ase to ex as an enifity and no breer be a related party, though obvlously Impact Trust UK w511 corrtinue to ew and cfjllaborate with its work that is shared and aligned in purw)se. The &qTrust has been grfted all Routes to Resiliente Kwamme materials and acrredttaliors to contrntse to pursue the TTusYs tltIeS in thsfield aNI will 115 na tsgUidanor knrshipof Trails AfrKa I Artlvate Academy. Similarly. the Impatt Trusvs 5(Mrth Africa NoTrProfft Enterwise. Routes to Resillen( Afri[2. has eifted full license to Use all R2R materials and ac(reditatths ab)n8 With the and partnership rdatiiJn5hip5 the TtU5t ha5 bultt orthe last io year Routes to Re5tlience SLKrth Africa 14PC ISthuS becoTr an Indntentsty retyanded as Page 8
The Impact Tn future wrthin the community of practi the has e#abltshed. This 15 a 5UC(L551ul realisatbon of the Trust's goal of building capacity for education in 5UStainable e10 and we are delehted to see thi5 pfLyress. As part of this 'graduation'. the Trusfs loaTSto R2RSANPC tsTr converted to donations and %vTitten off for repayment. We will continue to provide Supp as requested and needed to of these Ixganlsatw)ns thatrontinue to delNer programmes essential foryouth on the cusp ol thary. All ofthls Mea that tht5finart(ial i5the l&t0)nso lyththrQeèntltles in tl ImpartTrust "Group-. Wrth the independencÈ of R2RSANPCgranted during the year. R2RSANPC income and èxpenditvre will cease to be accounted for in financial statements effectNe April 2022. This makes • sÈemingty material differen to the rkurnbers in the cuent yEar Ireduar% irtome fy some GBPILi)Jml 1th Impactwlll continue in 2023 ty the separation of the Impact Trust SA finarKials from these arubunt Risk management The trustees have a duty to identFfy and re4ie the risk5 to wl¥¢h ts tharity exp)sed andto ensure appropriate contrds are in place to providè rÈaSonae assuran aBairL%t fraud and error. The Trust recognise that exchange rate fluttuations may resutt in fund5 raised andlor transferred to benefKiarbes belrvd dlfferent to those antlclpated or budgeted for. The tTUStees have revie this risk and establlshed a psicy to manage itwhich retains the focus on the ublSc benefft work fundedfN benefklarles af¥1 rewwts to dcM acconth. As men[ned ate. the Trust tOL a dlS[ ki 2022 to pursue a swal franchise gift1 m(yJel without expectatlon of repayrnent of loans and with the belief that maintaining accredit1 standards and disseminating materia15 that would capa¢ltste educatiortal and youth de¥elowent organatIonS iry wo¥idin8 CPD fecognised wogrammès and materials would allow for a sustalnable xtlvity base. We belle¥e thls redu5 our rlsk ar slgnificantly enhan the potential for Mean1[u1 impart ai a lar8er Kale throu8h a community of collaborative partners in pra¢11. Objectives and artivities for the public benefrt The primary purpose of the Trust is to promote sustainable develownent and sustainable INÈlihood prartices. We belleve that multiple literaae5 translated into acrlon are a means to de4eloping the adership compelencles and clllzenshlp skllls Ihat will womote the enactment of sustalnablllty In prxtlce. bulld stron8 demooaues and support resillent communltle& We vW leadershlp as a social lunction and a deèp understsnding of our Interconnecredness 95 an essentlal lens to bulld aderShiP for 5Ustsinablllty or sustalnalk dt in practice. We focussed, and wlll rJ)ntinuetofotus on W Ilterades that c<YrtrkiKrte to leadefshlp In practke and dtkzenshlp In artlon.. basic readi aNI wrrtin& environmental lsustalnatrItyi literary. workplarE literary. health Ir(eracy, political literacy and sharehcAder literacy. We Oo this tty thntifyirK8 and understanding the gap5 in pro8rammes, strategies, pollcles or Pract1 and then by designin8 adiatent pM)sslkn'lttles or redesryni new systems approad. advocatinB for change thal will move the need towards sustainability in practi. In all its efforts, the Trusttlrttswoths wlth an le fa(JJty of tlxxw afKI practke leadersmmItted io fts prograrnmatit Initiatives aswell as actountable. transparent and effectl¥e N8h Impact sodal puipjse drfvinB inltlatlves aimed at 501ving pressi issues of glob81 environmental thange and Sustainab devek)pment. These indude programmes that deliver multiple literacies and leadership ski115, both pers¢nal and wofesslonal. Our pro8rammes in phslanthrw. edUtIon. work wortd readiness ha¥È. as thÈlr wlmary objectkwe. the goal of promoting arhd inttÈasI suKainabilityand We1kbel in a rapidly world. The Trust meets its obJectiVè5 through a programme of fuTrJfaisI programme desi8n, dedowt and impkntatIQn, research arKI èdvocacy. Recognising the res$1b11Ity towork tollatKwivth suprth Strat proRrammes and activibes that avoid duplicatlon of effort and that are relevant and effiCt in their impact and use of resour. the Trust have determined to commit resources to fewer key 4nitiatp4e5 that SUPPOrt rts mission and work to See them to a good ondusiorh. In thi5 way the Trust, as a social ventUTe catalyst and inoJb3tor. Iw to ersure It can contrlbute 5ignificantty to the depth ar impact of ewent efforLS deSn to dr6¥e posbilve sodal dIa. Strategic priorities At an annual meeting of ttUSLee5 at the start of eath year. the trustees aÉree the strategy and areas ol actlvity for The Trvst including consideration of grant Seeki pro8rammatit èLtivity, polbties and performan. The day-t day administration of fundraisire and grant makry tIvItIe¥ pr(KeSsI and handli of arWiC¥tn5 is delesated to the Pro8romrrE OireLIw. Pa8e9
The Impact Trust priority for the Trust whilst other proiectswere on the sets)Thl and third horizonk The year under revlew focused on driving forward the gifting of trainhig aThJ materials thrOh a social franchise model that will both build capaiity 6nd understanding of educators through accredited and reccyised CPD wc%rammes and the provision of materials, networks a community of practice to support imat1¥efOT e4ery child to have acces5 to relevant, up to date, sclenctrbased Infomialon and underrta ofthe 8knbal conte4 dimate education and active opwtunitie5 to drfve chan8emaklng In the wld. With this lar8ety done and theTrusVs continubThX but lewrsuppLrt on these artivrtie5. ourfocu5 on expl1n$ more about ¢ollectNe res1lienWIlI take precedence and SUPIMKi the devdopment of foimal artil infoirnal practice5 that help people survive and thrive at work arKI hdping in dri¥e for workplate Wellbei and cotlertive Iwond "busine55 as U5uaS-. 8eyond this, wewill continue to Sutwcrt and buikl our enRageTht in re• project5 in the field of Financial review Total grants received in theyear 2022 amountedto £,13912021. E176.7351 induding Gift Aid irKfjme a$50¢iated wlth individual donation5. This ildeS grants of E15,655 recei¥ed in the UK12021: E23,4031 and grar of RIS02,729 received in South Afrira12021: ZARI.565,1731. Thedeuease of approximatety £10), relates to eaTned revenues for pro8r3mme delivery to paylng schty)l and youth (ganIsa1ffj which fomd pt ofthe grart made to the R2RSA NPC. subsequentty 5ustalnabillty Matters, emFKiwerlrv8 tt as an ldendeTht entity '8olng concern,. Monles remlEted to ljenefiaary niSatIOnS and used to ts)VÈT pr(eTamme expeThliture amunted to £59.52212021: £33,280) from the UK and 2ARI,728,25312021: ZAR9273261 in South AfrKa. At the end of the year there We cash reserves in the UK of £35512021: £53.1190). Of thts. E33.rx(i knw4erm loan to Roule5 to Resllience ha5 been expensed In thts year. In south Afrlca reserws<rfZARI.184A)9712021: ZARIAal3231 remalned. Reserves pollcy The Trustee5 aim lo establish free reserve5 In unrestrfrted lunds at a revel whkh equates to apw0xlma1e four months of unrestrirted expenditure requirement& The trustees a)nsider that thi5 will provide sufflchent cash reserves to S(bPPOrt actfvttles and ensure there are funds a¥allableto co¥er athnlnlstr4tpo and 80¥ernan costs. We recognise that the artivlries of the lasi year. indu¢Ary the Ilthpen. gift1 ol loans and of income soulS the Trusl had bullt s)ver many years to Sustalnablllty Matters IR2R&4NPCI. t(yttw wtth the merger of the &4 Trust wlth Five Trails Africa IActivate Academy and wrth the allcKation of all related 8ranl income to that new entity, has left the UK Trust In a posttlon withwt any reseNe fcff 2023. TheTrustees and staff are committed to rectifying this situation. An Inktlal grant Undertan& coverl att1$ in the 6 months has been recefived whfith wlll a$t In settllng the Trust throu8h this trangtion. Principal fvndlng sources Donor support from Trusts, FoundatIor ar¥J ind4vidu In the UK has been instrumental In supportSng programmatlc artivity and tlEtrusiees are 8rateful fLYthis suprlyt whith ha5 enabled rt to make knwtarn w¢)grèss thtsyear. Thls report has ljeen prepared in accordanwith the Accounti arml Reportln8 by tharitjes: Statement of Recommended prattl applicable to charities weparin8 their accounts in K(ordan with the Finandal Reporting Standard for Smaller Entities (the FRSSEI leffective i January 2015}. Approved byorder oftt Board ofTntstees LM) the 3(Xh dtyof Mwth 2023 a)d s*rnd behalf ty: Simon Peile Trustee Tamzln Rartliffe Page 10
The Impart Tn INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 I report on the accounts forthe uKTnJStfortre e1K 31 Decem 2021 vdhith ¥e setout on paBe5 11 to 14. Respective responsibilities of trustees and examiner The charitvs trustees are responsible forthe weparation of •ccountE The charitVStn conslder that an audit is not required for this year under the Charities Act 2011{ 2011 Act) 5ectOon 14q21 aNI that an independent examlnation is rnqulred. It Is my rÈsponsibilrty.' to examinethe accounts urnler Section 145 of the 2011 ACL. to follow the prOdreS la dthvn in the8enerai Dire(bLY6w¥en tythe Charity comm10n under Settlon 145151 of the 2011 Act: and to state whether panicular matters come to attention. Basls of the independent examlnerfs report My examination was carried txrt In acc1XdanWlth generaL Oirertiors given by the Charity ComMS1on. An examlnètion Includes a revlew of the accounriw recorits kept ty the rharity aNI a ComparTrS of the accounts presented wfth those recor{ tt so inthdes CryNd of arty unusual Items or dlsdosure5 In the accounts. arbd seeklng explanatlon5 from the trustees COnrnI any suth matters. The procedure undertaken to not provide all the eviden that would be required in an audit aThl consequentty no ownion is given a5 to whetherthe a¢Unts sent a 'true and faIrV and the rekM)rt Is Ilmited to those mattu$ Set (xjt in statements below. Independent examlnerfs statement In connection with my examination. no matter has cm to Myattentio. 111 whlth 8ives me rea$able Cause to beliv4e th•t, in matwlal respecL the requirements: lal to keep acCountia record5 in accordance with Sertion 130 of the 2011 Art. and (bl to Fyepare actourtswhith ¥¢ord with the QUAtI& records and compty wlth the xcountln8 requlrements of the 2011 Ac( have not been rne¢' or {21 to whlch. In my opinion. tentlon should be drawn In rKdertoenatJle a woper UT¥Jer51andlr* of the accounts to be reathed. riffany Purves FCA CA ISAI Director. About Finance mIted 9 Dalle$f1, Ripley, 5urwGU23 6LS Tel: +441483 223371 30th Mar£h 2023 Page 11
The Impart Trust STATEMENT OF UK FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2022 INCOMING RESOURCES Incoming resources fffjm tenerated funds Grants received Idesb8nated. restrictedl Grants recw¥ed lunrestrictedl nterest Incorne £ 2.913 £ 12.737 £22,377 £ 1,026 TOTAL INCOMING RESOURCES E 15,655 £ 23,403 RESOUR EXPENDED Costs of gtnErot*wfv Operatin8 costs Churltoble ocdvttles To beneflcizrie5 & ad¥ffary pr TOTAL RESOURCES EXPENDED £ 8.868 £ 5.047 £ 59.522 £ 68.390 £ 33.280 £ 38,327 Net incomin8 rèstyJrce5 .É51735 -£14,924 RECONauATION OF FUNDS Net Incoming reSr£e5 rotal funds brou8ht fornTard 52,735 £ s3.0) -£14,924 £ 68.014 TOTAL FUNDS CARRIED FORWARD 355 £ 53.090 P38e 12
The Impatt Trust UK BAIANCE SHEET AT 31 DECEMBER 2022 CURREKf ASSErs Cash at baAk and in hand Debtors Lon8-temi Loan to R2R 355 £ 20,090 f 33,Wl cuRREP UABIUnES Accruals £ 3S5 FUNDS Unfe5tricted funds blfwd De$i8nated UnreStrted funds £ 53,090 1£ 52.7351 £ 68.014 1£14.9241 TOTAL FUNDS 53A Trustees, responsibilities in relation to the financial statements The trustees acknowledge ththey responsible fLY preparlnethe Trustee< Report and the finandal statements In accordance wlth appilcable law and United Kin8dom Accounti Standards. The law appllcable to tharltks in EIaftd and Wales require5 the lo prepare fThncial stateInts for eath fu)an¢ial year whith give a true and fair view of the state of affalrs of tharbty and ofthe reUrCeS arKI aNk4¢ Oflesour ofthe drffy fry that year. In preparlrvd these Ilnandal ststements the trustees are requlred to: Select sultae accountln8 polides and then apFfythem CA)$tent Observe the methods and prlnclples of the Charities SORP MakeJud8ements and esttmatesthat e reas(Yth prlent State whether applkable a(countio8 standards hm ljeen subhed to thparturesdi5dosed and explained in the finantial statements. and Prepa the flnanclal ststements on go1 c37ncern basb5 unless It bs InapyqKlate to do so. The trusw are responsuefor keep1 accoumlry records which dIwith r&15(xllt4eaccuracy thefinarKlal position of the charity and enable them to ascertain to er th•t the financial statements ¢omplywith the Charit1è5 Act 2011 and the provision5 Ot trust deed. Tl are kn reSplSble forsafegu¥dln8 the assets of the and for taki reasonable steps for the prevention arKI dete¢iion of fraud and other irre8ularitles. The trustees are responslble for the Integrtty of the charity and financial infrymatson induded on thè thariivs website. The Chartty Is eFrtltled to exemptlon from audlt under 5eLtth 144121 of ChftiesAct 2011 ZOII Art). Approved by Tesolutlcfft ofthe Board of Trusteesi * Mth 2023 and s*d on Its betHlf by si on Pel Tamzln Radllffe Pa 13
The Impact Trust NOTES TO THE UK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting Policies The financial statements have been prepared in accLVdar wnhthe Flnandal Re1 stsndard frjr Smaller Entities IFRSSEI (effective January 20151 and the requirements of the Statement of ReComMeIed Practi. Accounting and Reporting by Charities. Incomlng resourtes All incoming resources are induded on the Statemenl of Finandal Actl¥itles when the charity Is regally entltled to the income and the amwnt can be qtsaniified with reasonable accuracy. The value of the dor7ated Eoods and facilities as well as services provided ¥L4unteers has twl i1Klu in the accounts. Resources expended Charitable experlture compri5e5 those costs incurred Ey the tharity in the delrvery of its activitie5 and ServIS for Its beneficiaries. It indudes both costs that can be lated directly to sh auivrties arnl ¢h05e COSIS of on indirect nature nSsary to support them. Eypendttu Is rewnbsed as a liakn'lity atthe time it 15 incurred. Governan costs indudes those costs ass(Klated wrth Meet1 the constitutional and statutory requirements of the charity and costs linked to the sifaiewc management of the charity. Grants offered subject to conditions whKh have not teen met at the year-end date are noted as deslgnated funds committed not acrnjed as expenditure. Charitable artivltles This relates to grants glven efiihef to the Tru5Ys subsithary in S)uth Africa or to Its parrnership beneficlarles In the UK accordin8 to the intention5 aml speclficatl(Nis of the dws to spedfic tharltable l¥ll1e5. Taxatlon The charity is exempt from tax M its th11a) attfvities. Fund accounting Unrestrfrted funds These can be used In aCcrydae wlth the dwritable 1g)pctl¥p5 at the dlscret%)n of the trustees. De51Enated funds OesignatÈd funds are unrestrteted fur#8s eam)arked for spedft¢ (44ect ora particular proiert and ¢an be utilised at the dlscretlon of the tntstees to lurther oblectl¥es of the woiect concerne Re5trirted funds Re5triLled funds can only be used for partbcular purpose5Within obie¢ts of the tharity. Restrictions arise when specified by the diOr or wn fundsare ratsed for panicular I0se. and tlwefore restrtcted, purpose. Costs of generating voluntary income Costs assocLated wlth generallNluntary kKomÈ inthde costs related to 111 fvndrai5ing actMtiÈS 5u£h as events. network membwship fees, database sutsuiptiOn5, Stalfing costs and related administraifve other support &tryitie5 necessary to secure fundi Supp for the trust's actmties and those of its partMrship organisatlons; lill Governare and aCCWminBc05ts ass(xiated with Meeti the constitutional and statutory requirements of the charity aThJ ¢o5ts linked to the strat41¢ managemi of the dwrity. Durin8 the year. no staffing costs were in(rred fty fundraisire aciiwty and fvrKlraisinB costs were thu5 limried to administrative. stationery. FQStage. comrnunications and membÈrship I sul)scription fees assouated with database 5ub5crlptlons. membersw. donor tra¥el arnl lwticlpats' in fu1[al5Ingevents. No trustee remuneration or similar benefits of any kind wore paid to trustees fLY the year er¥W 31 Drnber 2022 nor were any experL5es wurred for the activit SUPkVt offered tytrust Page 14
The Impact Trust DETAILED STATEMENT OF UK INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 INCOMING RESOUR Voluntary Income Grants reIVed (designated. restrirtedl Grants received lunrestrictedl Interest Income £ 2.913 £ 12.737 £ 22,377 £ 1,026 Totsl Income £ 15ffi55 £ 2Y.403 RESOURCES EXPENDED Charltable acthiltles Grants remitted to beneficiary projects l or8ani5* Support costs Bank charges Conferences Intemshlp costs & stipends Marketing & Brand Development Office Expenses l Technology l Equipment Partnerships l Fundralsin8 Professlonal Fees Other: Membershlpsi Sul>s¢riptions. Domains Travel £ 59522 £ 33,280 350 478 96 995 £ 1,697 £ 2,298 537 £ 2,513 E 68.a90 £ 1,973 £ 1,452 550 845 131 Total Costs £ 38.327 Net lout8olnz)IOn¢4ynhw resowres T¢)tsl funds brouBhtfoTh¥ard Totsl fundscarrfed fonma 1£ 51735) £ 53 1£ 14.9241 £ 68,014 É 53.090 Page 15
The Impatt Trust impact Irusl Inspire. Inform. APPENDIX THE IMPACT TRUST (SouthAfrica and United Klngdom) CONSOLIDATED FINANCIAL STATEMENTS (Presented In GBP) For the year ended 31 December 2022 Maryckn A.8. Roche Chartered Accountant (SA) Paee 16
The Impact Tn Contents: Statsmnt of Coryehensive IrKor Page 17
The Impact Trust STATEMENT OF HNANCIAL Postr 2022 GBP 2021 GBP ASSErs Loans to R2R UK Ltd 33,000 Curront assets Cash and equivalents Accounts receivable Expenses paid in advance 58.gS7 91,127 4.149 Total assets CAPITAL AIID UABIUTIES Trt Capital Founder donation Accumulated proffis 123,429 29 123.41JO 30 58,630 Curront liabilitl8s Sundry suppliers. US 297 297 4,847 Tolal c*1 ar¥1 liabilityes P3ge 18
The Impact Trust STATEMEKf OF COMPREHENSIVE INCOME 2021 GBP INCOMING REslACEs Grdnt Funding Grant Funding 74484 74A84 112 680 112680 tk>nations Donations. reslrirt Donations. unreslricted 15.650 1913 1.052 Eamed incom? Immersion Proty8mmes Programn 63.003 63.003 Total income 176 735 RESOURCES EXPENDED Charitablg aCtiv•ties Grants remrtted to benefitsary trye¢Wcg8nISats(m]S Support Costs Bank charges A<lmbnstrab"on fees Advocacy and o)n¥ersations CommunK*ions and sla1 Metha Consuming fees Costs". Immetsrve Leaming Joumeys Marketing and Brand develc Office expenses Partnershiplfundraising Prole$5ional f 125.749 136.590 547 249 2,211 394 687 6,415 814 514 39 1.979 2,496 3.225 897 204 131 1.676 991 1.697 2.583 537 Secretsrial fees Travel Web deVeloprt expenses 2.513 Total costs 19.542 Income tsx Net incoming resources Tolal fund5 brwht forward ReinstatenntOf 2020 fund8 cff a131 ljec 21121 v¢h Tolal funds cathed fornard 45.356 123.984 19,542 102.547 58.629 123AOO Page 19