2024-03-31-accounts

The luventas Foundation Annual Report and Unaudited Financial Statements For the period from 7 April 2023 to 37 March 2024

THE IUVENTAS FOUNDATION INDEX FOR THE PERIOD ENDED 31 MARCH 2024 Page General Information Trustees, Report Tru5tees' Responsibilitie5 Statement 10 Indepenéent Examinerfs Report 11 Statement of Financial Activities 12 Balance Sheet 13 Notes to the Accounts 14-17

THE IUVENTAS FOUNDATION REFERENCE AND ADMINISTRAVTIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2024 Trustètt: Nick McEwen Emma Tolson (appointed 27 July 20231 Sean Fletcher Company r•gistered numb•r CE029989 Ch•rity r•gist•r•d numb•r. 1200073 Rtylsttt•d offl¢•: 31 Squitchey Lane Oxford OX2 7LD Ac¢ount•nts: Caroline Webster FCA UHY Ross Brooke Suite I Windrush Court Abingdon Business Park Abingdon OX14 1SY B•nk•iL" Vlrgin Money 129 High Street Oxford OX14DF

THE IUVENTAS FOUNDATION TRUSTEES. RESPONSIBIUTIES STATEMENT FOR THE PERIOD ENDED 31 MARCH 2024 The Trustees present their reF)Ort and financial ststements for the period ended 31 March 2024. Reference and administrative information set out on page 3 fomis part of this report. The financial statements comply with current statutory requirements, the charity's constitution and the Statement of R￿QMMended Piactice - Accounting and Reporting by Charities., SORP applicable to charities preparing their accounts in accordancè with FRS 102. Background and Ratlonale Youth mentoring work began in September 2020 at a secondary academy in 81ackbird Leys, Oxford with the immediate aim of allewating pressure on the counsèlling department within the school. The luventas Foundation was subsequently created and formally registered as a UK charity in August 2022 with the aim of provtding professional mentoring, counselling and mental health support to young people in the wider Oxford area, but particularly those from disadvantaged backgrounds. Our vision to recruit and integrate qualified professionals into the programme has since been realised and developed over the last 4 years. We now have a team of dedicated prartitioners who were already working in the fi'elds of adolescent mental health, youth work, child psychotherapy, counselling and pastoral care. and who now give a day a week of their lime to work 1-1 with young people in Schools, colleges and counselling services with whom we have developed close w0￿1ng relationships, Our staff are paid and supported by the foundation to work with young people with varying needs at several locations around Oxfordshire the rationale behind this being to attract the highest quality ol therapist, deliver a transactional seryice (not volunteering) and thus provide thè best support to young people. ObJ•dlv•s and A¢tl¥ltles Our Mission The luventa5 Foundation works with young people, often Irom disadvantaged backgrounds, providing them with mentoring, life guidance and mental health support to raise their aspiration, to empower them to take charge of their lives and to grow in charactÈr and self-confidence. Our Objects The charity s objects, as set out in it5 goveming document, are.. To Gdvonce in lifr ond relieve needs of children and young people by providing support ond octivittes which develop their skills, copocities and copob(lities to enoble them to port(cipote in society us mature ond responsible individuols. We achieve this by engaging with and contrarting to secondary schoo15, further education college5, counselling seNices and education providers in the broader Oxford area. Working closely with their pastoral care departments and wellbeing teams. we identify students who are in significant need, bLJt also those receptive to being supported. These students will often be on long waiting lists to receive counselling in school and/oT see CAMHS and we work with them, 1-1, in a goal-oriented way to improve their mental health and increase their capacity to manage their lives and enjoy their childhoods.

THE IUVENTAS FOUNDATION TRUSTEES. RESPONSIBILITIES STATEMENT FOR THE PERIOD ENDED 31 MARCH 2024 The outcomes ale 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 value5 the longevity and fegulafity of the wothing relationship between mentor and young peison and airns lo be transformational for the individual. The Tnjstees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. The Trustees have had regard to the Charity Commission's guidance on public benefi.t when reviewing the Charitls aims and objèctives, as well as planning its fLJture artivities. Achi•v•m•nts and P•rforman¢• In our first year as a registered charity12022/231, we wod(ed with 43 young people and held a total of 392 mentoring sessions across two secondary schools in East Oxford. During 2023124, we have expanded ourteam and programme reach and we worked with 118 young people during the year wrth whom we held a total of 893 sessions11-11. our team ol practitioners grew from 3 to 7 and we are now working in 3 schoolslcolleges and I counselling centre. We have been continuing to adopt our model of developing deeper, longer-term relationships with the young people in our programmes as we firmly believe they have greater power to provide transformational benefits in the long run, not just to young people, but also lo practitioners as well. 81% of the young people with whom we worked were aged 15 or older and 66% were girls. Key themes continuing to arise in our work centred around managing anxiety, l¢)W 5elf-esteem and poor motivation. Our feedback forms, completed before and after mentoring work by students, reflerted the success and impact that our team ol mentor5 have had, including.. 100% enjoying the mentoring experience, 85% showed increased resilience, 91% recorded an improved sense of emotional wdlbeing with 80% feeling they were now more likely to achieve their goals. 100% of the young people we worked with would recommend the programme to others. FTv• Impact Siorles/Cas• Studl GemTna was a school refuser and struggled with anxiety, low self-esteem, stress and anger. She was also diagnosed as aut15tic, She had been homeschooled since Year Four but would stay in bed for most of the day. Gemma engaged well over the 20 sessions she had, and we often went for a walk to enable us to walk side by side and not have to engage with eye contact which she found exhausting. This allowed more candid conversation. We covered a range of practical techniques from motivation. non-violent communication, journalling to resilience. By ihe end of the sessions Gemma was attending school on a regular basi& and her mother reported much better home relationships. Mum also commented, "Thonkyou Jilly. You hove reolly hets)ed Gemmo ond I'm so glodshe hodyou to support her." Gemma commented "I found reol benefit from ho￿n9 o safr place t(J tolk about my challenge& Good to 50y It out loud. Get it our of me. l frlt listened to t7nd given choices.

THE IUVENTAS FOUNDATION TRUSTEES. RESPONSIBILITIES STATEMENT FOR THE PERIOD ENDED 31 MARCH 2024 Luke had been diagnosed with depression and struggled with regular burn out where he would be unable to walk or talk, and thus had put his university course on hold. Through a course of 14 5ession5, we looked at understanding his challenges, and tools to manage low mood and help during burn out. Luke engaged well. and together we explored ideas to makè studwng easier for him. By the end of the sessions Luke reported that he was looking fOn￿Ord to his summer internship and re-starting hi5 Studies in the new academic year. Luke said it was so helpful to have someone understanding and accepting to tslk to and externalise hi5 worries, feelings and issues. Th Eliza came to U5 due to 5tTuggling with friends and family, with low mood, motivation, and hygiene. Eliza lived in Brazil until aged 12, she has never known who her dad was and lived with mum and little sister. Whilst in Brazil, Eliza's stepdad and murn broke up, her mum became an addict and often left Eliza to take care of hersell and her little 51Ster. Both emotionally and psycholo9ically neglected, she describes this time as a lonely, scary time. The stepdad and mum thought it would be best if they moved to the UK. Eliza and her little sister got on a plane expecting mum to follow a couple of weeks later. Mum never did. Fast fomard and she now lives with her dad and step mum in the UK. Although it is safe and loving, Eliza struggles to trust and has abandonment issues. Eliza's mum is now back in her life but still in Brazil thi5 relationship brings weekly difficulties to Eliza's life. Through theropy Eliza was able to navigate risky relationships, her new family dynamics and trusting again. As well as looking after herself physically ané emotionally, She now ha5 one good friend and is at college. She is still on a joumey but is in a place of managing her emotional health and her awareness of self has increased enabling her to make better choices. Due to the deep abandonment issues and trauma in her childhood, the long-temi intervention she has been able to have through the luventasryAB collaboration means she is able to have consistent therapy, building a relationship with Someone to navigate life week to week a5 well as explore past wounds, something limited se55ions would not have achieved, Jade has a single. disabled mum with one older Sibling and two younger siblings. They grew up without any money and support. Jade's older brother was a victim ol county line5 from the age of 12. This had a significant irvpact on the whole family but especially jade, who 15 close in age. Jade has had some recent trauma around her brother who is now 18 and went to Pri50n. The events around him gettir)g caught were traumatic and painful, witnessed by Jade herself. The risk to them from his Illest￿e now has them in protective housing.

THE IUVENTAS FOUNDATION TRUSTEES. RESPONSIBIUTIES STATEMENT FOR THE PERIOD ENDED 31 MARCH 2024 The relationship is a complicated one with Jade's older brather, although it brought discomfort he was also a provider and caregiver for Jade. She also lived with a lot of fear around him getting hurt or caught for many years. She would not be able to receive this lon9-term therapy if it We￿ not for the luventasThAB relationship. Pablo's teacher advised him to speak to me as he appeared to be struggling with attendance and emotionally. He had severe acne and took days off when he was struggling. On our first meeting Pablo explained that his acne was getting him down, suffering with pustules and 50Tes on his torso, he was uncomfortable. 50re struggling to get the right treatment. He wa5 feeling low in mood and had very low self-esteem. In further sessions he disclosed that he had suffered severe bullying since primary age back in his home country, it wa5 $0 severe that on one occasion he had his leg broken. As a resulL he had a lot of pent-up anger and feelings of low self-worth. This bullying had continued the previous year when he attended a different college so much $0 that he was unable to complete his course and was unsupported by staff. Our therapy has helped him have a safe space to speak about the bullying and its impact on him over the years. He felt angry and lonely, he was not socialising and also felt his relationship with his father Wa5 deteriorating. To speak about his feelings and to gain perspective gave Pablo a better understsnding of self - he was extremely negative towards himself and felt he was a bad person and had achieved nothing in life. He also had great feelings of hopelessness. Furthemore, in these meetings Pablo disclosed that during the pandemic, due to the impact of bulling and isolation, he had a break down and was hospitalised for a few weeks which was extremely traumatic for him. Pablo now has hope again, he has been to his GP regarding his acne, for which he has had a change in medication and a referral to dermatology. He feels more positive, has the motivation to explore his future and is more comfortable to speak about his emotions. He is doing very well in his lessons and predirted to achieve hi5 desired GCSES which 15 also motivating for Pablo. He is an excellent artist, and now feels more ablè to speak to his father and so is more comfortable at home. He has a150 been connecting more with some old friends. His'hope, is to continue to grow. The feelings of anger he eXperIen￿d have regulated greatly but he feels that he would like to continue this work. When asked how he feels about the sessions Pablo said the following.. ~1 feel much more colm. these 5e55ion5 hove helped Gnd made me feel so much better by talking. Now, I feel thot I can do well ond go onto bigger things if I keep plonning and working on myself."

THE IUVENTAS FOUNDATION TRUSTEES. RESPONSIBILinES STATEMENT FOR THE pE￿0D ENDED 31 MARCH 2024 Current M•ntoringlCounsellin9 Programmes At present the foundation 15 operating project5 as follows.. Lo¢otlon The Oxford Academ EMBS, Cowle The Abin don Brid Oxford S ires Academ ¢$ Date Stsrt•d Se tember 2020 Janua 2023 lune 2023 Se tember 2023 Praclitioners 16-18 I S-23 The Oxford Academy and Oxford Spires Academy are state-funded secondary academies, both run by multi-academy trusts IMATSI. EMBS is a state-funded, nol-for-profit SiKth form college initially established to improve the economic situation ol ethnic minority communities in Oxfordshire through education and skills enhancement. EMBS now provides education, training and career5 adviceforthe whole community, deliverin9 services for young people and adults in Oxford and Banbury. The Abingdon Brid9e is a well-established youth charity providing counselling, mental health and lifestyle support to young people across south Oxfordshire. St•ffin9 The foundation works on a model of contracting professionally trained youth mentors, counsellors and P5ychotherapi5ts, who are usually in private practice, to give one day a week of their time to the charity, sometimes more. They are paid a per session rate, which equates to a meaningful percentage of what they charge privately. The benelits ol this model are principally that highly qualified prartilioners work with young people in need of their help who otherwise would not get access lo this level ol support- the prattitioner in turn enjoys the benefit ol working in a diffe￿nt community to their normal day to day work and derives 5at15faction from this kn'nd of work and challenge. Much of our work is 'blended' in nature, meaning that young people present with a variety of needs and intentions at different times in relation to their wish to receive support, Our leam each have their own unique blend of Skills, experience and qualifications and thus we deltver a wide variety of different interventlOn5, ranging frorn 'coaching' style work at one end centred arotjnd goal-5etting, managing stress and emotional regvlation, right through to more intensive psychotherapeutic work processing past trauma and abuse. We continue to believe as a team of prJrtitioners and as a board of tnJstees that this model of intetventional support brings the greatest transformational benefit5 to young people as it is long- lasting, transactional and delivered by highly qualified practitioners who have chosen to embellish th￿1 professional prartices with this kind of work. Flnanclal R•¥lw The charityachieved a net Surplus of £11,687 bringing the charitls total funds to £23,128. Total income for the period wa5 £70,870.

THE IUVENTAS FOUNDATION TRUSTEES. RESPONSIBILITIES STATEMENT FOR THE PERIOD ENDED 31 MARCH 2024 The operational tosts of running the mentoring programmes we offer are now increasingly funded by the schools and colleges with whom thè charity has contractual agreements in place. In 2022123 this equated to around 25% of programme costs but that figure rose to 33% by the end of 2023124 and will continuè to risè in 2024RS. This is a huge endorsement from the schools/colleges of the wort the foundation and it5 Staff ieam carries out and helps us move closer to a sustsinable business model with appropriate financial stability. The luvenla5 Foundation continues to be funded principally by donations from a small number of privale individuals who have found common cause with our work. It is our intention to diversify this funding arrangement once we havè threè years of audited accounts with which to approach larger trusts and foundations. In the interim period, we are also exploring various avenues to raise funds lor the work we do, such as organising a local carol concert. The Trustèes have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major ri5k5. The principle risk to the Charity arise5 from a lack of income, particularly from donations. This can be mitigated by minimising expenditure. The Charity's contractual arrangements with its mentors and counsellors are flexible which gives thÉ charity the ability to adjust mentoring schedules relative to demand and financial resources. The effect of reducing stsff costs would be to reduce the level ol activity and services that the Charity can offer, but its operations could conlinue on thi5 basis. Strnc￿r. Giwem•n¢• & M*nag•m•nt The Charity is a charitable incorporated organisation ICIOI and is governed by its Constitution, last amended 8 August 2022. It is registered with the Charity Commission. The Trustees who seNed durin9 the period and up to the date of signature of the financial statements were.. Nico McEwen Sean Fletcher Emma Tolson (appointed 8 August 20221 (appointed 8 August 20221 lappointed 27 july 20231 The Trustees were appointed in accordance with the Constitution. Due to the small size of the charity, there are no current plans to grow the board. Trustees are appointed following a short-listing process. including an external search and an internal search ol trustee contacts and an interview with the Chair of Trustees and Founder/CEO. Going Conc•rn The Trustees have reasonable expectation that the Charity has adequate resour￿5 to continue for the foreseeable future, with the continued support of its funders and partnerships. The board continue5 to adopt the going concem basis In preparing the financial statements.

THE IUVENTAS FOUNDATION TRUSTEES. RESPONSIBIUTIES STATEMENT FOR THE PERIOD ENDED 31 MARCH 2024 The trustees are responsibl& for preparing the Tru5tees' Annual Report and the financial statemet)ts 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trnstees are required to.. select suitsble accounting policies and then apply them consistently, observe the methods and principles in the Charities SORP 2019 IFRS 1021,. make judgements and estimates that are reasonable and prudent, state whether applicable atcounting standards have bÈen followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern ba515 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 as5et5 of the charity and hence for taking reasonable steps for the Pfevenlion and detection of fraud and other irregularities. The TTUStees' Report has been approved by the Trustees and signed on their behalf by. Mr Nicholas McEwen Chair t)ate'. io

TRUSTEES OF THE IUVENTAS FOUNDATION FOR THE PERIOD ENDED 31 MARCH 2024

I report to the charity trustees on my examination of the accounts of the charity for the period ended 31 March 2024 which are set out on pages 12 to 16.

Responsibilities and basis of report

I report in

and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any matter considered as

part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Caroline Webster FCA UHY Ross Brooke Windrush Court Abingdon Business Park Abingdon OX14 1SY

13.12.24

11

THE IUVENTAS FOUNDATION STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD 1 APRIL 2023 TO 31 MARCH 2024 Unreslrirted Funds 2024 Totsl Funds 2024 Unre5tr1ct•d Funds 2023 Total Fund5 2023 Noles Incomlng r•wurc•s Irorn: Donation5 and legacies Charitable activities Other income 63,663 7,196 11 63,663 7,196 37,51XI 863 37,500 863 Tot•1 Incom• 70,870 70.870 38,367 38,367 Exp•ndltur• on: Charitablè actiirities 415 58,283 58,283 26,086 26,086 Other expenditure 900 900 840 840 Total •xp•ndllur• 59,183 S9,183 26,926 26,926 N•t Income/{exp•ndltur•) b•fore tr•nglers Transfers between funds N•t mov•m•nt ol fund* In 11,687 11,687 11,441 11,441 11,687 11,687 11,441 11,441 year Reconciliation of funds.. Total funds bmught fO￿ard Totsl fvnds c•rvl•d fonvard 11,441 11,441 23,128 23,128 11.441 11.441 The Statement of Financial Activities indudes all gains and losse5 recogni5ed in the year. All income and expenditure derive frorn continuing actiwties. 12

THE IUVENTAS FOUNDATION BALANCE SHEET FOR THE PERIOD ENDED 31 MARCH 2024 2024 2023 Curr•nt Aswt$ Accrued incorne Cash at bank 2,537 26,481 863 27,126 29,018 27,989 Cr•dltors Amounts due within one year 15,8901 116,5481 N•t Curr•nt Asmts 23,128 11.441 Tot•1 N•t Asi•ts 23,128 11,441 Th• Funds of th• Ch•rity Unrestricted income funds 12 11,441 23,128 11,441 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting ￿CordS and for the preparation of accounts. These accounts were approved by the Trustees on and are signed on behalf of the board Nichola5 McEwen, Chair The notes on pages 14 to 17 fom part of these financial statements. 13

THE IUVENTAS FOUNDATION BALANCE SHEET FOR THE PERIOD ENDED 31 MARCH 2024 1. A<¢ountlng P•licl•s {a) Genoral Infonnatlon and ba515 of pr•poratlon The luventas Foundation is a Charitable Incorporated Organisation in England. In the event of the chartty being wound up, the members of the CIO have no liability to contribute to its assets and no personal re5POn5ibility for settling its debt5 and liabilities. The address of the registered office is given in the charity information on page 3 of these fi'nancial statements. The nature ol the charity's operations and principal activities are youth mentoring and mentsl health support for young people. The charity constitutes a public benefit entityas delined by FRS 102. Thelinancial statements have been prepared in accordance wth Accounting and Reporting 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 1021, the Charitie5 Act 2011, and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statement5 are presented in sterling which is the fvnctional currency of the charity and rounded to the nearest £. The significant accounting policie5 applied in the preparation of these financial statements are set out below. These policies have been con51Stently applied to all years presenled unless othetwise stated. The luventas Foundation constitutes a public benefit a5 defined by FRS 102. The accounts have been prepared in accordance with Accounting and Reporting 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 IFRS 1021 (effective 1 January 20191, and the Charities Act 2011. (bl Fund Accoun￿TrY General fijnds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objective of the charity and which have not been designate(I for other purposes. {¢) In¢omin9 r4$Ou￿ All incoming resources are included in the Siatement of Financial Activities when the charity has entitlement to the fund5, certaintyof receipt and the amount can be measured with sufficient reliability. Donated seryices or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost bome by the donor where such a ¢05t is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. Income tax recoverable in ￿latIon to donations received under Gift Aid or deeds of c¢venant is recognised at the time of the donation. 14

THE IUVENTAS FOUNDATION BALANCE SHEET FOR THE PERIOD ENDED 31 MARCH 2024 Id) R•50urc•5 •xp•r￿•d All expenditu￿ is accounted for on an accruals basi5 and has been included under expense categories that aggregate all costs lor allgcation to activities. Where costs cannot be directly attributed to particular activitie5 they have been allocated on a basis conslstent with the use of the resources. {•) Goin9 concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial ststements. If) R•portlng p•rlod The reporting period is a 12 month period Irom 1 April 2023 to 31 March 2024. 2. Voluntsry In¢om• Unmrtrfctsd 2024 UnMtrlct•d 202J Donation5 Gift Aid Coltnselling service5 57,350 6,313 7.196 S7,350 6,313 7.196 30,000 7,500 863 30,000 7,SOO 863 Voluntary income 70,859 70,859 38,363 38.363 3. Oth•r In<om• Unre•trlct•d 2024 Unr•rtrlrt•d 2023 Interest income 11 Other income 11 4. Dlr•ct costs Unv•rtrlrt•d 2024 UM•%trkt•d 2023 Subcontractors Room hire 52.335 1470 52.335 2,470 23,805 392 23.805 392 Direct costs 54,805 54,805 24,197 24.197 15

THE IUVENTAS FOUNDATION BALANCE SHEET FOR THE PERIOD ENDED 31 MARCH 2024 5. Support costs 2024 2023 Sundries Travel and subsistence Insurance Subscriptions Website Conference5 294 749 699 67 80 751 15 2,672 40 3,478 1,889 6. Othei expendltsre 2024 2023 Inéependent examination fee 900 900 7. Staff Numb•rs The average monthly number of employees during the year was nil12023'. nill. 8. D•btors 2024 2023 Trade debtors Prepayments and accrued income 2,537 863 2,537 863 9. Ci•dltors- Amotsnts F*llln9 Du• Wllhln On• Ywr 2024 2023 Accruals and deferred income Trade creditors Working capital loan 5,667 223 5,967 581 10,000 5.890 16,548 10. Trusts•s' eXpM￿•S During the year. trustees incurred expenditure on the charitys behalf amounting to £nil12023'. nil}. 11. R•lat•d party transactions During the year £50.000 {2023.. £30,OCM)l of income was received from a Trustee of the Charity- 16

THE IUVENTAS FOUNDATION BALANCE SHEFr FOR THE PERIOD ENDED 31 MARCH 2024 11 UNRE5TRicfED INCOME FUNDS ealanc• •t 31 Mar 2024 ealance at I Apr 2023 Emptndlture Transfers Income Unrestrlcted general funds 11,441 7D,870 159,1831 23,128 11.441 70,870 159,1831 23,128 Balance •t 31 Mar 2023 Prevlous year 8alanc• at 27 January 2022 Incorne ENp•ndlture Translers Unrestrlcted general fundj 38,367 126,9261 11,441 38,367 126.9261 11,441 17