The luventas Foundation Annual Report and Unaudited Financial Statements For the period from 27 January 2022 to 37 March 2023 Charity NLbmber 1200073 Company Numbw CE029989
THE IUVENTAS FOUNDATION INDEX Page General Infomation Trustees, Report Trustees, Responsibilr(ies Statement 10 Indepèndent Examiner's Report 11 Statement of Financial Activities 12 Balance Sheet 13 Notes to the Accounts 14-16
THE IUVENTAS FOUNDATION REFERENCE AND ADMINISTRAvnvE DETAILS OF THE CHARITY. ITS TRusfEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2023 Trust•es: Nick McEwen Emma Charfotte Knapp lappointed 27 July 20231 Sean Fletcher Company rngirtér•d number: CE029989 Charlty r•gist•r•d numb•r. 1200073 Roglst•red offlce.. 31 Squitchey Lane Oxford OX2 7LD Ac¢ount•nts: Caroline Webster FCA UHY Ross Brooke Suite I Windrush Court Abingdon Business Pat* Abingdon OX14 1SY 8aThk•rn: Virgin Money 129 High Street Oxford OX14DF
THE IUVENTAS FOUNDATION TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2023 The Trustees present their report and financial ststernents for the period ended 31 March 2023. Reference and administrative information set out on page 3 forms part of this report. The financial statements comply with current ststutory requirements, the charity's constitution and the Statement of Recommended Practice Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accoréance with FRS 102. Ba¢kground and RatlonBle Charitable activities in the form of youth mentoring and coaching began tn Autumn 2020 with one trained youth mentor volunteering at an academy school in East Oxford. The subsequent idea of a charity being created to lormalise and develop this work came into being following discussions in Autumn 2021 between Tom Lewis and Nico McEwen. They agreed a vision to start and 9row a youth mentoring charity, to be called the luventas Foundation, with the aim of providing professional mentoring, coaching and mental health support to young people in the wider Oxford area and particularly those from disadvantaged backgrounds. The vision at inception was to recruit 5 qualified youth rTbentor5 into the programme in Year One and to build up a bank of evidence, impact studies and student testimonials that would allow the charity to fundraiseto a wideraudience in Year Two and beyond. Mentors would be professionals already working in the fields of adolescent rnental health, youth work, child psychotherapy, coun5elling and pastoral care and would give a day a week ol their time to work 1-1 with young people from schools, colleges and counselling services. They would be paid a daily rate to work with students at the schools, which would be a rneaningful percentage of what they normally charge privately. The rationalè behind this was to attract the highest quality of people into the programme, create a transactional service las distinrt from volunteering) and thus provide the best quality support to young people. ObJ•¢tfv•s and A¢tlvltl•s Our Mi5510n The luventas Foundation works with young people, often from disadvantaged backgrounds, providing thern with mentoring, life guidance and mental health support to raise their aspiration, to empower them to take charge of their live5 and to grow in character and self-confidence. Our Objects The charity's objects, as set ovt in its governing document, are.. To odvtsrtce in life ond relieve needs of children und young people by providing sUPPOrt ond octivities which develop their skilts, capacities ond capobilities to enoble them to porticipote in society as mature ond responsible individuob We achieve this by engaging with and contrading to secon¢Jary schools, fvrther education colleges, counselling services and education providers in the broader Oxford arèa. Working closely with their pastoral departments and wellbeing teams, we identify students who are in significant need, but also those receptive to being 5UPPOrted. These students will often be on long waiting lists to receive counselling in school and/or see CAMHS and we work with them, 1-1, in a goal-oriented wayto improve their mental health and increase their capacity to manage their lives and enjoy their childhoods.
THE IUVENTAS FOUNDATION TRUSTEES. REI>ORT FOR THE PERIOD ENDED 31 MARCH 2023 The outcomes are significant improvements in mental health. confidence, self-esteem and a broader and clearer outlook on life after school. Our mentoring model is a longer-term one that values the longevity and regularity of the working relationship between mentor and young pwson and aims to be transfomational for the indiwdual. The Trustee5 have paid due regard to guidance issued by the Charity Commission in deciding what activitie5 the Charty should undertake. The Trustees have had regard to the Charity Commi5510ri's guidance on public benefit when reviewing the Charitls airns and objectives, as well as planning its future activities. Achievem•nts and Performanc• The charity commenced operation5 in January 2022 and formal registration in August 2022. In its first year, we worked with 43 young people and held a total of 392 mentoring sessions across two secondary schools in East Oxford. The average length of the mentoring relationship was 9 months with students attendin9 1-1 sessions on a weekly basi5 during tern) time. A small number of students have been linked to and been seeing a mentor for up to two years, while others have come with specilic goals in mind and then worked towards achieving these over a 4-6 week pwiod. The better outcomes associated with longer mentoring relationships, versus shorter time-limited models, are well-documented, We very rnuch follow this model of developing deeper relationships with the young people in our progralnrnes as they have greater power to provide transformational benefits in the long run, not just to mentees, but also to mentors as well. 73% of the young people with whom we worked were l 5-18 years old and 6S% were 9ids. Key themes arising in our first year of operation focussed on understanding and managing anxiety, emotional regulation, addressing low sell-esteem and poor motivation, sèttirbg goals and finding purpose in life. Our feedback forms, completed before and after mentoring work by students, refflected the success and impact that our team of mentors have had, including.. 100% enjoying the mentoring experience, 91% feeling mentoring has helped them, 73% valuing themselves more as a result and leeling more positsve about life, 82% found themselves more likely to achieve their goals and 100% would recommend the programme to others.
THE IUVENTAS FOUNDATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2023 What TIF delivered - FINANCIAL YEAR 2022/23 43 392 Young People supported 1-1 1-1 Sessions Held months Avg. Mentoring relationship Trained Mentors/ Counsellors "Understanding anxiety Ralslng 5elf-esteem Addresslng low motlvatlon Flndln9 dlr•rtlon/purpose Managlng emotlons/anger Mentoring Venues New Mentors in pipeline IMPACT; Coll4ed fr feedb fornis Gender Mix 100% of young people enjoyed being mentored 91% feel mentoring has helped them 73% value themselves more as a result 72% are more positive about theSr life .64% have improved their confidence levels 82% are more likely to achieve their 90815 100% would recommend mentoring to othets 35% Glrls 65% Some stories behind the stats... Age Range How wlll mèntoring hèlp you In Ilte? "Mentoring has helped me understand my emotions and become more open with people" (Girl, Year 101 .1 am better equipped to make decision5 about my future"180y, Year 121 "I have learnt how tD Put down boundaries and respect myself more" (Girl. Year 131 What did you lik• m05t about m•ntorin97 "the confidence the mentor had in me. (Boy, Year 121 "I could speak about things I wouldn't tell anyone" (Gid, Year 101 'the feeling of companionship. (Boy, Year 111 "l alway5 had something to look fonyard to" (Boy, Year 10} Comments from paslowal team he students have really appreciated mentoring, allowing them to feel listened to and supported- this has made a dramatic effect on their approach and wellbeing (Head of 6 Forml 12 13 14 15 16 17 18 Age
THE IUVENTAS FOUNDATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2023 Case Studles and Impact One 18yeur old girl who has been in the mentoring progn7mme for two yeor5 hos recently won a place to study English Literature ut university. When she storted attertding mentoring, her mother hod bonned herfrom going to university. telling her insteod thot herjob wos tts stay ot home to look ofterheryounger step-sistèr. The rnentoring support prov(ded her with the emotional tools and resilience to work for what she believed in. One 16 year old boy who had struggled with lo¥v motivat(on oftd poor mental hetJlth throughout the pandemic joined the mentoring programme for 9 months ond ended up excelling in his GCSE exam5 t7nd winning a 100% scholarship to o top UK boarding school where he is now stuLIng for his A Levels. One 75 year old boy who came to mentoring with a very poor behavi(wr record, including t7ggressive incidents with staff ond pupils ond school exclusions, worked hurd to understond and regulote his anger. With cleor acodemic ond social goals in ploce. he secureo a ploce ot IntoUn(versity with the help of the charity and is hoping to win o scholorshtp to o sixth form college. Futur• D•v•lopm•nts Following this financial period in which mentors were deployed in two schools, the charity has since expanded into two more locations in it5 Second year of operation, with a lifth due to be finalised in Autumn 2023. As such the charity is operating pilot projerts as follows.. Locatlon The Oxford Academ EMBS, Cowle The Abin don Brid Oxford S ire5 Academ Djte Stsrted S ternbei 2020 Janua 2023 lune 2023 S tember 2023 M•ntors 11-18 16-18 15-23 11-18 The Oxford Academy and Oxford Spires Academy are slate-funded secondary acaéemies, both run by multi-academy trusts IMATS). EMBS is a state-hjnded, not-for-profit sixth form college initially established to improve the economic situation of ethnic minority communities in Oxfordshire through education and skills enhancement EMBS now provide5 education, training and careers advice for the whole community, delivering seryices for young people and adults in Oxford and Banbury. The Abingdon Bridge is a well-established youth charity providing counselling, mental health and lifestyle support to young people across south Oxfordshire. stsfllng The luventas Foundation wod(s on a model of contracting professionally trained mentors, counsellors and psychotherapists, who are usually in private practice, to give one day a week of their time to the charity. They are paid an hourfy rate, which equates to a meaningftjl percentage of what they charge privately, to work 1-1 with young people who are in need of their support.
THE IUVENTAS FOUNDATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2023 Much of the work is centred around compassionate listening, problem-solving. goal settin9 and emotional regulation. Some of the work involves deeper procèssing of past experiences and trauma nd as Such, is more psychotherapeutic in nature. The tnJstees and CEO believethat this model of yOLtth mentoring brings the greatest transformational benefits to young people as it is long-lasting, transactional and delivered by highly qualified practitionèrs who have chosen to embellish their professional pradices with this knnd of worl R•s•rv•s Poll(y The trustees are aware of the requirement to rwew the levd of resetves in line with the charity's fuiure plans. The charity considers Its resèrves on an annual basis and is currently reviewing the need for additional fundraising activities. Income is guaranteed under an agreement with a private donor until 31st March 2025. This income is unrestricted and at present the costs of running the charity are structured in such a way that they will not exceed this figure. Fln•ncl•l Revl•w The charity achieved a net surplus of £11,441 bringing the charit5 total funds to £11,441. Total income for the period wa5 £38,367. The operations of the charity are funded in part through the Schools and colleges with whom the charity has contractual agreements in place to contribute to the costs of running the mentoring programmes. On average these equate to around 25% of programme costs. Predominantly though, the charity is funded by donations from private individuals who have found common cause with our work The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposu to the major risks. The principle risk to the Charity arises from lack of income, particularly from donations. This can be rnittgated by minimising expenditure. The Charity's contractual arrangements with it5 mentors and counsellors are flexible which gives the charity the ability to adjust mentoring schedule5 relative to demand and financial resources. The effect of reducing staff costs would be to reduce the level of activity and seryices that the Charity can offer, but its operations could continue on this basis. 5trudur•. Gov•rn•nc• & M•n•g•m•nt The Charty is a charitable incorporated organisation ICIOI and is governed by its Constitution, last amended 8 Avgust 2022. It is registered with thè Charity Commission. The Trustees who served during the period and tjp to the date of signature of the financial statements were.. Nico McEwen Sean Fletcher (appointed 8 August 20221 lappointed 8 August 20221 The Trustees were appointed in accordance with the Constitution. During the period, the Trustees undertook a search to bring additional expertise and experience onto the board in preparation for Year Two ol the charity'5 operation, Trustees are appointed following a short-listing process, including an extemal search and an internal search of trustee contacts, and an interview with the Chair of Trustees and CEO.
TrIE IUVENTAS FOUNDATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2023 Going Conc•m The Trustees have wsonable expectstion that the Charity has adequate resources to continue for the foreseèable future, with the continued support of its funder5 and partnerships. The board continues to adopt the going concern basis in preparing the financial ststements. TheT e5 ort wa5 approved by the Board of Trustees. Mr Nichola5 McEwen Chair Dale.. 1511 /2o2Y-
THE IUVENTAS FOUNDATION TRUSTEES. RESPONSIBILITIES STATEMENT FOR THE PERIOD ENDED 31 MARCH 2023 The trustees are responsible for prepartng the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the tnjstees to prepare financial statements lor each financial year which give a true and fair view ol the state of affairs ol the charity and of the incoming resource5 and application of resources of the charity for that period. In preparing these financial statements. the trustees are required to: select suitable accounting policie5 and then apply them consistently, observe the methods and principles in the Charities SORP 2019 IFRS 102),. make judgements and estimates that are reasonable and prudenL State whether applicable accounting standards have been followed, subjert to any material departure5 disclosed and explained in the financial statements-. prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Icharities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. io
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE IUVENTAS FOUNDATION FOR THE PERIOD ENDED 31 MARCH 2023 I report to the charity trustees on my examination of the accounts of the charity for thè pèriod ended 31 March 2023 which are set out on pages 12 to 16. R•gponslbllltles and basls of report As the Charity's trustees you are responsible for the preparatlon of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying Out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the ACL Ind•p•nd•nt •xamln•r'i stat•m¢nt I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material sPert accounting records were not kept in respect of the charity a5 required by section 130 of the Act,. or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the applicable requirements concèming the fomi and content of accounts set out in the Charities (Accounts and Repor(s1 Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered 8$ part of an independent examination. I have no concerns and have come across no other matters in connertion with the examination to whS¢h attention should be drawn In this report in order to enable a proper understanding of the accounts to be reached. Caroline Webster FCA UHY Ros$ 8rooke Windrush Court Abingdon Business Park Abingdon OX14 15Y 2023 18101124 li
THE IUVENTAS FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (INCWDING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD 27JANUARY2022 TO 31 MARCH 2023 Unr•stricl•d Funds 2023 T¢Jtsl Funds 2023 Not•s Incomin9 rnsour¢•s from: Donations and legacies Charitable activities Other income 37,500 863 37,500 863 Tot•1 Incom• 38,367 38,367 Exp•ndltyr• on: Charitable activities 415 26.086 26,086 Other expenditure Totsl •xpendltyr• 26.926 26,926 N•t Incorn•/(exp•ndltur•) b•fort transf•rs Transfers between lunds Net mov•m•nt of funds In y•ar Reconciliation of funds.. 11,441 11,441 11,441 11,441 Total funds brought fornard Totsl funds carrl•d fonv*rd 11,441 11,441 The Ststement of Financial Actiwties includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 12
THE IUVENTAS FOUNDATION BALANCE SHE FOR THE PERIOD ENDED 31 MARCH 2023 Notes 20Z3 Curr•nt Ass•ts Accrued income Cash at bank 863 27,126 27.989 Cr•dltors Amount5 due within one year 16,548 N•t Curr•Tht 11,441 Total N•t AM•ts 11,441 Th• Funds of th• Charity Unrestricted income funds 11,441 11,441 The Trustees acknowledge their responsibilities for complwng with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accou ere approved by the Trustees on and are signed on behalf of the board by.. Nichola5 M¢Ewen, Chair I bl i /IL)2Y The note5 on pages 14 to 16 fom part of these financial ststements. Charity Number 1200073 Company Number CE029989 13
THE IUVENTAS FOUNDATION BALANCE SHEET FOR THE PERIOD ENDED 31 MARCH 2023 l. Ac¢ountlng 11¢1•5 (•) Generjl Infi¥mtIon •nd basis of préparation The luventas Foundation is a Charitable Incorporated Organi5ation in England. In the event of the charity being wound up, the members of the CIO havÈ no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. The address of the registered office is given in the charity infoTrnation on page 3 of these financial statements. The nature of the chaTItIs opèrations and principal artivities are youth mentoring and mental health support for young people. The charity constltutes a public benefSt entity a5 defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reportin9 by Charities.. 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102). the Charities Act 2011, and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical c05t conventiorn modified to include certain items at fair value. The linancial statements are presented in sterting which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otheMise stated. The luventas Foundation constitutes a public benefit as defined by FRS 102. The accounts have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparsng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191, and the Charities Act 2011. (b) Fund Accountlng General fund5 are unrestricted fijnds which a available for use at the discretion of the Tnjstees in furtherance of the general objective of the charity and which have not been designated for other purposes. (c) Incomlng r•sourc•s All incoming resources are included in the Ststement of Financial Activities when the charity has entltlement to the fijnds, certainty of receipt and the amount can be measured with sufficient reliability. Donated services or facilities, which comprise donated Services. are included in income at a valuation which 15 an estimate of the financial cost borne by the donor Whe such a cost is quantifiable and measurable. No income 15 recognised where there is no financial cost borne by a third paty. Income tax recoverable in rdation to donations received under Gift Aid or deeds of covenant is Tecognised at the time of the donation. 14
THE IUVENTAS FOUNDATION BALANCE SHEET FOR THE PERIOD ENDED 31 MARCH 2023 (d) R•soU•S •xp•nd•d All expenditu is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allOted on a basis consistent with the use of the resources. {•) Going conc•m At the time of approving the financial statements, the Tnjstees have a reasonable expectation that the Charity ha5 adequate resource5 to continue in operational existence for the forèsÈèable luturÈ. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. If) R•portlThg p•rfod The reporting period is a 14 month period from 27th January 2022 to 31 March 2023. This is due to it being the first year of accounts of the Charity. 2. Voluntsry Incom• Unr•strict•d 2023 Donations Gift Aid Coun5elling seNices 30,000 7,500 863 30,000 7.500 863 Voluntary income 38,363 38,363 3. Oth•r Inc•)m• UnMtrirt•d 2023 Interest income Other income 4. Dir•d ¢o*ts 2023 SulKontrartors Room hire 23,805 392 24,197 15
THE IUVENTAS FOUNDATION BAIANCE SHEET F¢XTHE PERIOD ENDED 31 MARCH 2023 5. Support costs 2023 Sundries Travel and subsistence Subscriptions Web51te Conference5 294 749 80 751 15 6. thh•r •xp•nditur• 2023 Independent examination fee 7. St•ff Numb•Ys The average monthly number of employees during the year was nil. 8. Debtorj 2023 Trade debtor5 Prepayments and accrued income 863 863 g. Credltors- Amounts FalllThg Duo Wlthln On• Yur 2023 Accruals and deferred income Trade creditors Working capital loan 5,967 581 16,548 10. Twstees. expens During the year, twstees incurred expenditure on the charitys behalf amounting to £nil. 11. Related party iransartlon$ During the year £30,000 of income wa5 received from a Trustee of the Charity. A wothng capital loan of £10,000 was received from a Trustee to assist with the setting up of the charity. 16