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 RO￿e5 to Resilien programme. The last year has seen the T[￿t gjceessfulty ￿lUate its inCU￿tor, R2R SA NFC and hand over the reins of the now rebranded s￿inati111ty Matters to Geonjie RaLtliffe and Mi5etwa mrany￿6. 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 Tr￿l 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 unC￿lMon. Yet they are an important and powerful optlon, one that can empower organ￿at￿lS and enable them ts tske a swifKant to scale. We believe this can onty serve our beneficlafles better and we know that the COr￿oItdati0n 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 R￿llence 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 r￿lIa￿ratIng 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 cU￿￿VIum. As excitin& Martin. who 15 an accredited Duke of Edinburgh's Award Leader. will be working with partners to create urt￿￿e r￿rth-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 tr￿n 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 t￿￿eeShIpS 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 ￿r￿on$t0 come into fow& 2021/2022 activity highlights We have focuseo on three key perfo￿ance areas in 2022: l. Pfogramme reyllen￿ th1￿ ￿rtne￿hlF6 and Irtstrtutimal stren0h￿Ing 3. Connecting the past and the futurw. trwjilding sock?1 capitsl netwoths and student engagement.. Routes to Resilience has progressed from idea to reality SIn￿ 2011. From a small class of 10 students at Cedar HoL￿e in 2017 and a small foutKling of 2, we have over 2.5W young people directty in our programmes in Sovih Africa. a growing nufflk￿r in the UK aThJ hundr& of educators and wofesstonals seeking a greater ￿￿ler$￿ndl￿g of our Ootffil wntext and the sjstemr tha1￿ngeS we face. Our social franchise gtfting model has now kid the foundab.on to reach tero of tI￿n￿5 - and hopefully s￿n 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 S￿inab* (le¥el(4JnenL Tlw will prthl to tts potential succe&% It 15 they who will dfive ek)b31 resourtf Use trends. diT￿tfuture wr￿Mp￿n 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 urrtapt*d force for drÉvingfa*r ￿￿[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(1L￿ted i)Urfi￿t so￿al 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 part￿lp￿.￿g in a Community of Practice regularty reviewing content, meth(MJology. process. and ￿l￿￿nCe 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 IM￿rtantlY seeks to overcx)me a-nortlwuih- dmde by creab.ng new connections. As Sacha WrighL a past Conversational￿ and youth ciKm*e 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(x*s t￿text, by Ihe C(¥￿munIt￿ beaiirnj the bwnt of the climate ￿ls￿8- 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 fiN￿Ing. We have exrJ4nded our reaLwortd engagement ths year by partnering with VLSitorg a company that connects employees from glo￿￿1 (x)rnpan￿ wrth ￿al ifflpaci organizatK)ns through volUn￿r We have hosted over 15 companie5 ar￿ 3Tr) emploJEesfor w￿nts that invotvestudent tea¢h career conversations, and visits to global companies. From student teach b8cks la GREAT conVersat￿n on Goldilocks Earth wtth PayPall to fearning journeys and m￿K 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. Zap*r. 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. Man￿Y'S •val4M￿lOn 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 per￿1ve0 aTrJ how we mw athlress the dFffererrt needs of stakeholders and partners in a vmy that could bro*n the wch and access to programme material. This was a signrficart and necessary commitment to ser￿nakIn& decisiorHnaking and action4akingth81 significantty informed the second haK of 2022 and the we are rM)w proceeding to expand in i￿nIngfor￿ wrth Five Trails Afric8 to build access to R2R programmes networlL% and reJationshir6. W• eontinue to r•fino our CPD •e¢r•dit￿l0Tr lo allow lor mam ond grnnvlarity. allowing for gmat P•Tsonqli¥qlion of1•4miNJ joum•ys whilsl mginlainiThJ standa￿1 ￿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 PrOf￿10n31 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 r￿Id of sustsinability and ￿lI￿nce. 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 enT￿￿rnent 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 partic1r￿tIOn in the Ashoka New CaPa￿.11￿e$ 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 ant￿l￿￿te. 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 trmp￿t 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 pri￿lty 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 peO￿e inte￿re( 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£ Ir￿reased engag￿r￿tor collecti4e pa￿1￿3th)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 Yotrth4C0￿￿er￿ation. 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 eX￿rIenceS that Include volunteerin& research, and discovery. All youth4c0nse￿￿Ii0n rortner5 Isouih Afr￿a, 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 m￿rIe15 are 5ubstsntive and robust in tenms of the inder￿ndent verification they maintsin. This is imwrtant for several reasons: It offers a WeI￿leye10ped. reseaich cU￿1culUrn Infom￿ ty dimate Scien￿ and a deep understsnding of 5U5tainabilsty concepts and combines ￿1￿cUttuFal kamry theory and ￿ace-b8Sed learning and with the pedago¢i and s(xial pro(xssto tra￿rthese 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 reCo￿ltE0n 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 a￿1 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 t￿orneS a tAP1￿es￿bIis￿d programm8 meettngformal accreditation stsndards. As a public benefrt organisation. we have sought to (Jo with without repl￿ting infrastructure. We a￿ delighted to have found some of the routes to this with a ￿end of r￿lY created ortsnisations tskkng forward the core of the work both in ￿uth Africa (Sustainability Matters) aThJ in the UK IEcoVKla Routes). to have embedd￿1 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 In￿latIVeS that have seedeo and stsrted to grow over the last two years. Thank you to eVer￿Th 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 rep￿1 with the￿nd￿la1 Statern￿ ofthe ￿rtY and the gr￿p knthe ￿ar ended 31 De￿rnber 2022. The trustees have adopted the w￿lOn5 oftl* Statement of Rec(mmended practi￿ applicab￿ to charlties preparlng thdr accounrs in accordan￿ with the Bnancial Rep￿ti￿ 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 conS￿ldatIOn of adivibes acCL￿n￿ The South Afrlcan charitywill be its name in 2023 and will no I￿er 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 J￿￿ary X123} Ir*rnd 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 NU￿nber 2015. The South African Trust was 4u31￿ ethbllshed under a f*ed of Trust dated 21# OLtober 2011 and is registered a5 8 Publi¢ Benefit Organisation nurnber93(K138303. The Trust wa5 estat￿￿5hed with an iniEial from the FoundK¥ Trustee& TheT￿￿ actively funthaises and both Implements and suppwts pr￿3mmeS that wcrfnote plutsnthnwrf. hlgh impact scKial irNestment arKJ sU￿1ftable 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 a￿5 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 knty*les¢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 Tr￿t Capital Founder donation Accumulated proffis 123,429 29 123.41JO 30 58,630 Curront liabilitl8s Sundry suppliers. ￿U￿S 297 297 4,847 Tolal c*1 ar¥1 liabilityes P3ge 18 The Impact Trust STATEMEKf OF COMPREHENSIVE INCOME 2021 GBP INCOMING REs￿lACEs 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¢Wc￿g8nISats(m]S Support Costs Bank charges A