**COMPANY REGISTRATION NUMBER: CE008705 CHARITY REGISTRATION NUMBER: 1169026** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED** **30 NOVEMBER 2024** ## **LANGARD LIFFORD HALL LIMITED** Accountants and Registered Auditors Lifford Hall Lifford Lane Kings Norton Birmingham B30 3JN ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **FINANCIAL STATEMENTS** ## **YEAR ENDED 30 NOVEMBER 2024** ||**Page**| |---|---| |Trustees' annual report (incorporating the director's report)|**1**| |Independent examiner's report to the trustees|**5**| |Statement of financial activities (including income and expenditure|| |account)|**6**| |Statement of financial position|**7**| |Notes to the financial statements|**8**| |**The following pages do not form part of the financial statements**|| |Detailed statement of financial activities|**17**| **1** ## **MENTOR LINK** # **COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** ## **YEAR ENDED 30 NOVEMBER 2024** The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 November 2024. ## **Reference and administrative details** **Registered charity name** Mentor Link **Charity registration number** 1169026 **Company registration number** CE008705 |**Principal office and registered**|First Foor|| |---|---|---| |**office**|Forum House|| ||Anchor Drive|| ||Stourport on Severn|| ||Worcestershire|| ||DY13 9BZ|| |**The trustees**||| ||A Pollock|(Resigned 12 March 2024)| ||K Rogers|| ||J Brown|(Resigned 14 March 2024)| ||D Henderson|(Appointed 16 October 2024)| ||D Seddon OBE|(Resigned 14 March 2024)| ||Dr H Chaplin|(Appointed 17 January 2024)| ||M Hart|(Appointed 17 January 2024)| ||P Grieve|(Appointed 1 May 2024)| |**Independent examiner**|D J Hanby (Senior Statutory Auditor)|| ||Independent Examiner|| ||Langard Lifford Hall|Limited| ||Lifford Hall|| ||Lifford Lane|| ||Kings Norton|| ||Birmingham|| ||B30 3JN|| **2** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S** **REPORT)** _**(continued)**_ ## **YEAR ENDED 30 NOVEMBER 2024** ## **Structure, governance and management** The charitable incorporated organisation was incorporated on 2 September 2016, under Articles of Association dated 2 September 2016. On 1 December 2016, the activities, assets and liabilities of Mentor Link, charity number 1106171, were transferred to the charitable incorporated organisation. ## **Constitution, Policies and Objectives** Mentor Link is constituted as a charitable incorporated organisation under it's Articles of Association dated 2 September 2016. Its objectives are as follows: - To advance the education of those young people in the West Midlands (Region) who are disengaged or at risk of disengaging themselves from the community and mainstream education. In particular but not exclusively by provision of a mentoring, training and development and talking therapies services for the young people and their families with the aim of re-engaging young people back into their learning so that they are better able to identify and meet their needs, participate more fully in society and make a successful transition to adulthood. ## **Method and Appointment or Election to the Executive Committee** Mentor Link shall elect a President, such Vice Presidents as shall be approved by the Executive Committee, a Chairperson who will preside at the meetings of the Executive Committee and an Honorary Treasurer. ## **Policies Adopted for the Induction and Training of Members of the Executive Committee** - Members of the Executive Committee are generally professional or business people. However, appropriate training will be offered to any member who would benefit from this kind of support in helping them play a full part as a member of the Executive Committee. ## **Objectives and activities** ## **Strategies for Achieving Objectives** The Executive Committee and its Steering Group meet on a regular basis to ensure the objectives are being met. The day to day running of Mentor Link is in the hands of the CEO. ## **Activities for Achieving Objectives** Fund raising events are ongoing. Existing and potential new sources of donations are contacted regularly with the assistance of members appointed by the Executive Committee. **3** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S** **REPORT)** _**(continued)**_ ## **YEAR ENDED 30 NOVEMBER 2024** ## **Achievements and performance** ## **Review of Activities** Mentor link’s goal throughout 2024 has been to bring in therapeutic techniques to mentoring sessions using the training and supervision of our Educational Psychologist. - A. Key highlights for the year - Working in partnership with Mulberry Foster Care in Herefordshire and other care a agencies/virtual schools. - Training on social media and increased activity on Facebook and social media platforms to promote volunteering. - We are now expanding our services to new areas of Herefordshire and Gloucestershire. - The charity is now working in partnership with an Educational Psychologist who provides regular training on therapeutic techniques to our staff and volunteers. - We now have recruited two new Trustee Dr Helen Chaplin who is an Educational Psychologist and Treasurer David Henderson. - Two of our volunteers were nominated for the High Sheriff of Worcestershire Award. ## B. Major achievements and challenges - Setting up our new EBSA project on school avoidance and helping children re engage with their learning. - This project has been led by our Educational Psychologist De Helen Chaplin. - Regular supervision and training on EBSA for our staff and volunteers - The charity requires more substantial funding for this project going forward due to the high demand across the West Midlands. ## C. Growth YoY The charity has seen growth across 2 key deliverables in 2024 - 73% increase in Volunteers - 31% increase in schools partnered with This is testament to the hard work and dedication of the staff and volunteers and a very positive indicator that our service is meeting the needs of local children. This year the charity has been kindly supported by Garfield Weston, Children in Need, Swire Charitable Trust, William Addlington Cadbury, Awards for All, Worcestershire Community Foundation, Eveson Trust, Magdalen Hospital, Asda Foundation, Sir John Middlemore, Bransford Trust and Specsavers. ## **Investment and Performance** The constitution authorises the Executive Committee to make and hold investments at their discretion. ## **Factors Relevant to Achieve Objectives** It is important to maintain relationships with sources of funding and donors as well as maintaining Mentor Link's good reputation and standing in the wider community. MENfoR LINK COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DlllECTOR'S REPORT) IcontinNed) YEAR ENDED 30 NOVEMBER 2024 Flnanclal review The charity has had a positive year with a surplus 0£ £40,1138. Tight controls have been Icept on expenditure to keep the losses ag low as possible ana to allow the trustees to direct as much income as possible to our one to one mentoring Service. ReseNe8 Policy The Executive Conunittee decided to set aside a minimum of £81700 in reserves which is held in our Nationwide account. The Trustees have updated their reserves policy, Principal Fundins Principal funding comes from grants, donations and funding bids. Plans for the future The trustees plan to continue the servAces into next year. Future Developments Since the end of the financial year, the Executive Committee has continued to raise funds through applications to grarLt funders and obtain support from local businesses. Small company pxovislons Thi8 report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemptiorL The trustees, amiual report was approved on 24 February 2025 and signed on behajf of the board of trustees by." D Henderson Trnstee MENTOR LINK COMPANY LIMITED BY GUARAwfEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MENTOR LINK YEAR ENDED 30 NOVEMBER 2024 report to the trustees on my examination of the financial statements of Mentor Link ('the charity,) for the year ended 30 November 2024. Responsibilities and basis of report As tlie trustees of the company {and also its directors for the purposes of company law) you are responsible for the preparation of the fiiiancial statements in accordaiice with tlie requireinents of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of tlie company are not required to be audited uiider [Jart 16 of the 20[)6 Act and are eligible for inde.penclent examination, I report in respect of my examiiiation of the charity's accounts as C¢irried uut under section 145 of the Charities Act 2011 ('the 2011 AcY>. In canying out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. lrtdependent examiner's statement E have complctod niy examiiiation. I confirm that no matters have come to my atteiition in connection witli the examiiiation giving me cause to believe., accounting records were not kept in respect of tlie charity as required by sectioii 386 of the 2006 Act. or the financial statements do not accord with those records; or the finaiicial statements do not comply witli the accounting requirements of section 396 of the 2006 Act other thali any requirement that the accounts give a 'true and fair, view whxch is not a matter considered as part of an indepeiideiit examination; or the financial statements have not been prepared in accordance witli the methods and principles of tlie statement of Recommended Practice for accounting and reportiiig by charities applicable to charitics prepariiig their accounts in accordance witli the Financial Reporting Standard applicable in tlie UK and Ilepublic of Ireland (FRS 102). T have no coiicern5 aiid have come across no otlier matters in connection with the examiiiatioii to which atteiitioii should be drawn in this report in order to enable a proper understanding of tlie accounts to be reached. DJHa by (Senior Statutory Auditor) Independent Examiner Langard Lifford Hall Limited Lifford Hall Lifford Lane Kings Norton BirmRngham B30 3JN ?& Fphr11Ani ?n?4 **6** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)** ## **YEAR ENDED 30 NOVEMBER 2024** ||||**2024**||2023| |---|---|---|---|---|---| |||Unrestricted|Restricted||| |||funds|funds|**Total funds**|Total funds| ||**Note**|**£**|**£**|**£**|£| |**Income and endowments**|||||| |Donations and legacies|**5**|28,345|99,883|128,228|117,432| |Incoming Resources from Charitable|||||| |activities|**6**|75,522|–|75,522|64,989| |Fundraising Income|**7**|1,830|–|1,830|2,069| |Investment income|**8**|4,151|–|4,151|2,868| |||------------------------------------------|------------------------------------------|------------------------------------------|------------------------------------------| |**Total income**||109,848|99,883|209,731|187,358| |||==========================================|==========================================|==========================================|==========================================| |**Expenditure**|||||| |Expenditure on raising funds:|||||| |Fundraising Costs|**9**|470|–|470|498| |Expenditure on charitable|||||| |activities|**10,11**|68,269|100,954|169,223|183,784| |||------------------------------------------|------------------------------------------|------------------------------------------|------------------------------------------| |**Total expenditure**||68,739|100,954|169,693|184,282| |||==========================================|==========================================|==========================================|==========================================| |||------------------------------------------|------------------------------------------|------------------------------------------|------------------------------------------| |**Net income and net movement in funds**||41,109|(1,071)|40,038|3,076| |||==========================================|==========================================|==========================================|==========================================| |**Reconciliation of funds**|||||| |Total funds brought forward||22,218|121,432|143,650|140,574| |||------------------------------------------|------------------------------------------|------------------------------------------|------------------------------------------| |**Total funds carried forward**||63,327|120,361|183,688|143,650| |||==========================================|==========================================|==========================================|==========================================| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. **The notes on pages 8 to 16 form part of these financial statements.** MENTOR LINK COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL posrrioN 30 NOVEMBER 2024 2024 2023 Note Fixed assets T￿]gIble fixed assets 16 1,936 2,186 Current asset8 Debtors Cash at barl( and in hand 17 12,274 202,2#l5 200,036 223,041 214,519 Creditors: amounts falllng due within oiie ye Net eurrent assets 18 41,289 73,055 181,752 141A64 Total assets le85 current liabllities 1&3,688 143,650 Net assets 183,688 143,650 Funlts of the charxty Restricted funds Unrestricted Eunds 120?61 63J27 121,432 21218 Total charity £unas 20 183,688 143,650 For the year ending 30 November 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to Small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complyins with the requirements of the Act with respect to accounting records and the preparation OE Einancial statements. These financial statements have been prepared in accordance with the provisions applÈcable to compaiiies subject to the small companies, regime. The8e financial statements were approved by the board of trustees and authorised for is8ue on 24 February 2025, and are Si￿ed on behalf 0£ the board by: D HendeTson Trustee The notes on pase8 8 to 16 form patt of these financial statements. **8** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 30 NOVEMBER 2024** ## **1. General information** The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is First Foor, Forum House, Anchor Drive, Stourport on Severn, Worcestershire, DY13 9BZ. ## **2. Statement of compliance** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. **9** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ ## **YEAR ENDED 30 NOVEMBER 2024** ## **3. Accounting policies** _**(continued)**_ ## **Incoming resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. **10** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ ## **YEAR ENDED 30 NOVEMBER 2024** ## **3. Accounting policies** _**(continued)**_ ## **Tangible assets** Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation** Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures, fittings and equipment - 25% reducing balance ## **Impairment of fixed assets** A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. ## **Financial instruments** Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. ## **Defined contribution plans** Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. ## **4. Charitable incorporated organisation** The Company is a Limited Liability Charitable Incorporated Organisation and is registered as a Charity (Registered Number 1169026). The members of the company are the Directors. **11** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ ## **YEAR ENDED 30 NOVEMBER 2024** ## **5. Donations and legacies** |**Donations and legacies**|||| |---|---|---|---| ||Unrestricted|Restricted|**Total Funds**| ||Funds|Funds|**2024**| ||£|£|**£**| |**Donations**|||| |Donations|26,388|–|26,388| |ASDA Foundation|1,177|–|1,177| |**Grants**|||| |Hopmarket Charitable Trust|–|1,500|1,500| |High Sheriff|–|–|–| |Comic Relief|–|5,398|5,398| |Eveson Charitable Trust|–|6,000|6,000| |Baron Davenport|–|–|–| |Awards For All|–|19,502|19,502| |Swire Charitable Trust|–|10,000|10,000| |St James Place|–|9,000|9,000| |Albert Hunt Charitable Trust|–|–|–| |Norton Foundation|–|–|–| |Garfield Weston|–|12,500|12,500| |Charitable Trusts and Donations|780|35,983|36,763| ||------------------------------------------|------------------------------------------|------------------------------------------| ||28,345|99,883|128,228| ||==========================================|==========================================|==========================================| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2023| ||£|£|£| |**Donations**|||| |Donations|43,497|–|43,497| |ASDA Foundation|–|–|–| |**Grants**|||| |Hopmarket Charitable Trust|–|5,850|5,850| |High Sheriff|–|833|833| |Comic Relief|–|4,580|4,580| |Eveson Charitable Trust|–|500|500| |Baron Davenport|–|1,000|1,000| |Awards For All|–|7,947|7,947| |Swire Charitable Trust|–|10,000|10,000| |St James Place|–|905|905| |Albert Hunt Charitable Trust|–|1,000|1,000| |Norton Foundation|–|3,333|3,333| |Garfield Weston|–|17,500|17,500| |Charitable Trusts and Donations|–|20,487|20,487| ||------------------------------------------|------------------------------------------|------------------------------------------| ||43,497|73,935|117,432| ||==========================================|==========================================|==========================================| **12** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ ## **YEAR ENDED 30 NOVEMBER 2024** |**6.**|**Incoming resources from charitable activities**|**Incoming resources from charitable activities**|||| |---|---|---|---|---|---| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2024**|Funds|2023| |||£|**£**|£|£| ||Income from schools|75,522|75,522|64,989|64,989| |||==========================================|==========================================|==========================================|==========================================| |**7.**|**Fundraising income**||||| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2024**|Funds|2023| |||£|**£**|£|£| ||Fundraising|422|422|557|557| ||Fundraising: 100 Club|1,408|1,408|1,512|1,512| |||------------------------------------------|------------------------------------------|------------------------------------------|------------------------------------------| |||1,830|1,830|2,069|2,069| |||==========================================|==========================================|==========================================|==========================================| |**8.**|**Investment income**||||| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2024**|Funds|2023| |||£|**£**|£|£| ||Bank interest receivable|4,151|4,151|2,868|2,868| |||==========================================|==========================================|==========================================|==========================================| |**9.**|**Fundraising costs**||||| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2024**|Funds|2023| |||£|**£**|£|£| |||470|470|498|498| |||==========================================|==========================================|==========================================|==========================================| ## **10. Expenditure on charitable activities by fund type** ||Unrestricted|Restricted|**Total Funds**| |---|---|---|---| ||Funds|Funds|**2024**| ||£|£|**£**| |Mentoring|55,728|56,560|112,287| |Support costs|12,541|44,394|56,936| ||------------------------------------------|------------------------------------------|------------------------------------------| ||68,269|100,954|169,223| ||==========================================|==========================================|==========================================| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2023| ||£|£|£| |Mentoring|125,735|10,023|135,758| |Support costs|45,704|2,322|48,026| ||------------------------------------------|------------------------------------------|------------------------------------------| ||171,439|12,345|183,784| ||==========================================|==========================================|==========================================| **13** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ ## **YEAR ENDED 30 NOVEMBER 2024** ## **11. Expenditure on charitable activities by activity type** ||Activities|||| |---|---|---|---|---| ||undertaken|Support|**Total funds**|Total fund| ||directly|costs|**2024**|2023| ||£|£|**£**|£| |Mentoring|112,287|56,936|169,223|183,784| ||==========================================|==========================================|==========================================|==========================================| ## **12. Net income** Net income is stated after charging/(crediting): ||Net income is stated after charging/(crediting):||| |---|---|---|---| |||**2024**|2023| |||**£**|£| ||Depreciation of tangible fixed assets|645|728| |||==========================================|==========================================| |**13.**|**Independent examination fees**||| |||**2024**|2023| |||**£**|£| ||Fees payable to the independent examiner for:||| ||Independent examination of the financial statements|600
==========================================|600
==========================================| ## **14. Staff costs** The total staff costs and employee benefits for the reporting period are analysed as follows: ||**2024**|2023| |---|---|---| ||**£**|£| |Wages and salaries|136,044|125,476| |Social security costs|5,311|3,346| |Employer contributions to pension plans|2,587|2,282| ||------------------------------------------|------------------------------------------| ||143,942|131,104| ||==========================================|==========================================| The average head count of employees during the year was 16 (2023: 15). The average number of full-time equivalent employees during the year is analysed as follows: ||**2024**|2023| |---|---|---| ||**No.**|No.| |Administration|6|6| |Management|1|1| ||------------------------------------------|------------------------------------------| ||7|7| ||==========================================|==========================================| No employee received employee benefits of more than £60,000 during the year (2023: Nil). **14** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ ## **YEAR ENDED 30 NOVEMBER 2024** ## **15. Trustee remuneration and expenses** During the year no trustees received remuneration in respect of their trustees duties. During the year a salary was paid to A Maddocks of £51,366 (2023: £42,457) in respect of her managerial role of running Mentor Link. During the year travel expenses of £Nil (2023: £Nil) were reimbursed to trustees. ## **16. Tangible fixed assets** |**Tangible fixed assets**|| |---|---| ||**Fixtures and**| ||**fittings**| ||**£**| |**Cost**|| |At 1 December 2023|13,159| |Additions|780| |Disposals|(2,160)| ||------------------------------------------| |**At 30 November 2024**|11,779| ||==========================================| |**Depreciation**|| |At 1 December 2023|10,973| |Charge for the year|645| |Disposals|(1,775)| ||------------------------------------------| |**At 30 November 2024**|9,843| ||==========================================| |**Carrying amount**|| |**At 30 November 2024**|1,936| ||==========================================| |At 30 November 2023|2,186| ||==========================================| ## **17. Debtors** |**Debtors**||| |---|---|---| ||**2024**|2023| ||**£**|£| |Trade debtors|20,840|11,597| |Prepayments and accrued income|2,165|677| ||------------------------------------------|------------------------------------------| ||23,005|12,274| ||==========================================|==========================================| **15** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ ## **YEAR ENDED 30 NOVEMBER 2024** ## **18. Creditors: amounts falling due within one year** |**Creditors:** **amounts falling due within one year**||| |---|---|---| ||**2024**|2023| ||**£**|£| |Accruals and deferred income|35,960|68,653| |Other creditors|5,329|4,402| ||------------------------------------------|------------------------------------------| ||41,289|73,055| ||==========================================|==========================================| ## **19. Pensions and other post retirement benefits** ## **Defined contribution plans** The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,587 (2023: £2,282). ## **20. Analysis of charitable funds** ## **Unrestricted funds** |**Unrestricted funds**||||| |---|---|---|---|---| ||At|||**At**| ||1 Dec 2023|Income|Expenditure|**30 Nov 2024**| ||£|£|£|£| |General funds|22,218|109,848|(68,739)|63,327| ||==========================================|==========================================|==========================================|==========================================| ||At|||At| ||1 Dec 2022|Income|Expenditure|30 Nov 2023| ||£|£|£|£| |General funds|80,732|113,423|(171,937)|22,218| ||==========================================|==========================================|==========================================|==========================================| |**Restricted funds**||||| ||At|||**At**| ||1 Dec 2023|Income|Expenditure|**30 Nov 2024**| ||£|£|£|£| |Salaries, volunteer expenses and||||| |running costs|121,432|99,883|(100,954)|120,361| ||==========================================|==========================================|==========================================|==========================================| ||At|||At| ||1 Dec 2022|Income|Expenditure|30 Nov 2023| ||£|£|£|£| |Salaries, volunteer expenses and||||| |running costs|59,842
==========================================|73,935
==========================================|(12,345)
==========================================|121,432
==========================================| **16** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ ## **YEAR ENDED 30 NOVEMBER 2024** ## **21. Analysis of net assets between funds** |**Analysis of net assets between funds**|||| |---|---|---|---| ||Unrestricted|Restricted|**Total Funds**| ||Funds|Funds|**2024**| ||£|£|**£**| |Tangible fixed assets|1,936|–|1,936| |Current assets|223,265|–|223,265| |Creditors less than 1 year|(6,290)|(28,710)|(35,000)| ||------------------------------------------|------------------------------------------|------------------------------------------| |**Net assets**|218,911|(28,710)|190,201| ||==========================================|==========================================|==========================================| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2023| ||£|£|£| |Tangible fixed assets|2,185|–|2,185| |Current assets|288,927|–|288,927| |Creditors less than 1 year|(5,352)|(18,795)|(24,147)| ||------------------------------------------|------------------------------------------|------------------------------------------| |**Net assets**|285,760|(18,795)|266,965| ||==========================================|==========================================|==========================================| **17** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** ## **YEAR ENDED 30 NOVEMBER 2024** ||**2024**|2023| |---|---|---| ||**£**|£| |**Income and endowments**||| |**Donations and legacies**||| |Donations|26,388|43,497| |ASDA Foundation|1,177|–| |Hopmarket Charitable Trust|1,500|5,850| |High Sheriff|–|833| |Comic Relief|5,398|4,580| |Eveson Charitable Trust|6,000|500| |Baron Davenport|–|1,000| |Awards For All|19,502|7,947| |Swire Charitable Trust|10,000|10,000| |St James Place|9,000|905| |Albert Hunt Charitable Trust|–|1,000| |Norton Foundation|–|3,333| |Garfield Weston|12,500|17,500| |Joanies Fund|3,000|1,070| |William A Cadbury Trust|16,500|1,500| |Worcester Community Fund|4,000|3,000| |Heart of England|750|2,000| |Austin Hope Pilkington|750|250| |Tewkesbury Borough Council|250|750| |Turner Trust|1,333|667| |Children in Need|7,500|11,250| |Sir John Middlemore|200|–| |Monday Night Group|600|–| |KFC|100|–| |Magdalen Hospital|1,000|–| |ACT Photocopier Donation|780|–| ||------------------------------------------|------------------------------------------| ||128,228|117,432| ||------------------------------------------|------------------------------------------| **Incoming Resources from Charitable activities** **18** ## **MENTOR LINK** ## **COMPANY LIMITED BY GUARANTEE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** _**(continued)**_ ## **YEAR ENDED 30 NOVEMBER 2024** ||**2024**|2023| |---|---|---| ||**£**|£| |Income from schools|75,522|64,989| ||------------------------------------------|------------------------------------------| |**Fundraising Income**||| |Fundraising|422|557| |Fundraising: 100 Club|1,408|1,512| ||------------------------------------------|------------------------------------------| ||1,830|2,069| ||------------------------------------------|------------------------------------------| |**Investment income**||| |Bank interest receivable|4,151|2,868| ||------------------------------------------|------------------------------------------| ||------------------------------------------|------------------------------------------| |**Total income**|209,731|187,358| ||==========================================|==========================================| |**Expenditure**||| |**Fundraising Costs**||| |100 Club|470|498| ||------------------------------------------|------------------------------------------| |**Expenditure on charitable activities**||| |Wages and salaries|136,044|125,476| |Employer's NIC|5,311|3,346| |Pension costs|2,587|2,282| |Rent|1,638|27,921| |Light and heat|3,963|2,908| |Repairs and maintenance|–|151| |Insurance|806|940| |Motor vehicle expenses|4,681|5,090| |Legal and professional fees|2,929|5,304| |Telephone|2,299|2,468| |Other office costs|1,177|1,124| |Depreciation|645|728| |Recruitment and training|3,959|932| |Printing and advertising|1,864|40| |Miscellaneous|1,270|5,074| |Room hire|50|–| ||------------------------------------------|------------------------------------------| ||169,223|183,784| ||------------------------------------------|------------------------------------------| ||------------------------------------------|------------------------------------------| |**Total expenditure**|169,693|184,282| ||==========================================|==========================================| ||------------------------------------------|------------------------------------------| |**Net income**|40,038|3,076| ||==========================================|==========================================|