The luventas Foundation Annual Report and Unaudited Financial Statements For the period from l April 2024 to 37 March 2025 THE IUVENTAS FOUNDATION INDEX FOR THE PERIOD ENDED 31 MARCH 2025 General Information Tru5tee5' Report 4-8 Trustees, Responsibilities Statement Independent Examinerf5 Report 10 Statement of Financial Artivities Balance Sheet 12 Note5 to the Accounts 13-16 THE IUVENTAS FOUNDATION REFERENCE AND ADMINISTRAwfivE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2025 T￿Ste*s. Nick McEwen (Chair) Sean Fletcher Emma Tolson Company r•gi5t•r•d number CE029989 Ch•rlty re9lstered number. 1200073 R•gl$t•r•d ofllce: 31 Squitchey Lane Oxford OX2 7LD A¢¢ountsnts: Caroline Webiter FCA UHY Ross Brooke Suite Windnjsh Court Abingden Business Park Abingdon OX14 1SY 8ank•rs: Virgin Money 129 High Street Oxford OX14DF THE IUVENTAS FOUNDATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2025 The Trustees present their report and financial statements for the year ended 31 March 2025. Reference and administrative information set out on page 3 forms part of this report. The financial ststernents comply with Current statLJtory requirements, the chafitls constitution and the Statement tsf Recommended Praciice Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102. Background and Rationale Youth mentoring work in secondary schools in Oxford began via a volunteering project in 2020. The luventas Foundation grew out of this, becoming lormally registered as a UK charity in August 2022.lts aim - to provide professional mentoring, counselling and mental health support to young people in Oxfordshire, with a particular focus on those from disadvantsged back9rounds. Five years on, we have successfully realised our vision to recruit and integrate trained professionals into our mentoring projert lo work with teenagers and young adults. We now have a steadily growing team of high-quality staff who work privately in a wide variety of field5 Such as adolescent coaching and mentorin9, youth worl child psychotherapy, counselling and pastoral care. Our model revolves around them giving us a day a week of their time to work 1-1 with young people in the schools, sixth form colleges and counselling centres with whom we have developed close working relationships. Uniquely, our staff are paid for their work and are supported by the foundation to work with young people with varying mental health need5 - the rationale behind this being to attract the highest quality ol therapist, deliver a transactional service las distinct Irom volunteering) and thus provide the best support to young people. The benefits of thi5 model are principally that highly qualified practitioners work with young people in need of their help who otherwise would not get access to this level of support- the practitioner in turn enjoys the benefit of working in a different community to their normal day to day work and derives satisfaction from this kind of work and challenge. Much of our work is 'blended' in nature, meaning that young people present with a variety of need5 and intentions at different time5 in relation to their wish to receive support. Our team each have their own unique blend of skills, experience and qualifications and thus we delivèr a wide variety of different intervention5, ranging from 'coaching' style work at one end centred around goal-setting, managing stress and emotional regulation, right through to more intensive psychotherapeutic work processing past trauma and abuse. We continue to believe as a team of practitioners and as a boaré of trustees that this model of interventional support brings the greatest transformational benefrts to young people as it is long- lasting, transactional and delivered by highly qualified practitioners who have chosen to embellish their professional prartices with this kind of wor Objectiv•s and Activili•s Our Mission The luventas Foundation work5 Wlth young people, often from 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 character and self-confidence. THE IUVENTAS FOUNDATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2025 Our Objects The charity's objects, as set out in its governing documenL are: To odvonce in life ond relieve needs of children ondyoung people byproviding support Gcttvities which develop their ski115, CaPOCjties ond capobilities to ent7ble them to porticipote in society t7s mature and responsible individua15 We achieve thi5 by engaging with and contracting to secondary schools, further education colleges, coun5elling services and education providers in the broader Oxford area. Working Ilosely with their pastoral care departments and wellbeing teams, we identify students who are in significant need, but also those receptive to being supported. 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 way to improve their mental health and increase their capacity to manage their lives and enjoy their childhoods. The outcomes are significant improvements in mental health, confidence, 5elf-esteem and a broader and clearer outlook on life Jfter school. Our mentoring model is a longer-term one that values the longevity and iegularity of the working relationship between mentor and young person and aims to be transformational for the individual. The Trustees 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 benefit when reviewing the Charity's aims and objective5, as well as planning its future actiwties. Achl•v•m•nts and P•rformanc• During 2024125, we have continued to expand our team and programme reach, working with 103 young people dvring the year and conducting a total of 1197 sessions11-11. Our team of practitioners grew from 7 10 10 and we continue to work in 4 schools/colleges in Oxford and I counselling Cent￿ in Abingdon. 2022123 43 392 2023124 118 893 2024125 103 1197 10 Youn Peo le Sessions Held Mentorln Team Our model remains that of developing deeper, longer-term relationships with the young people in our programmes and we have several who we have now worked with almost 3 years. Transformational outcomes in the long run are at the heart of what we do, not just for young people, but also for our staff team as well. 63% of the young people with whom we woiked were aged 16 or older and 71% were girls. Our feedback forms, completed before and after mentoring work by students, reflected the success and impart that our team of mentors have had, including.. 100% enjoying the mentoring experience, 86% showed increased resilience, 90% recorded an improved sense of emotional wellbeing with 82% feeling they were now more likely to achieve their goals. 100% of the young people we Worked with would recommend the programme to others. THE IUVENTAS FOUNDATION TRUSTEES, RÉPORT FOR THE PERIOD ENDED 31 MARCH 2025 Current Mentoringlcounselling Programm•s At present the foundation is operating projects as follow Lo¢allon The Oxford Academ EMBS, Cowle The Abin don Brid Oxlord Spires Academ EMBS, Banbu Djte Started Se tember 2020 Janua 2023 June 2023 tember 2023 tember 2025 Pranations from a small number of private individuals but we are gradually moving away from this dependence and have had other successes this year at raising funds in the local and wider community. For example, we held a very special Christmas carol concert at ExÈter College Chapel, Oxford which, together with a linked online auction consisting of prizes generously donated by our supporters, raised over £6,000 collectively for our work Together with donations and support frorn charity runs, local businesses, such as Carter Jonas, Marks & Spencer, Mark 8arclay Wealth Management and the Asda Foundation, our work is really starting to become more widely known about and we are excited by the 9rowth and development of our supporters, network. FlTranclal R•vl•w and Fundlng The charity achieved a net surplus of £36,112 bringing the tharitls total hjnds to £59,240. Total incorne for the period wa5 £90,234. As touched on abovè, the operational costs of running the mentoring programmes we offer are now increasingly funded by the schools and colleges with whom the charity has contractual agreements in place. This contribution figure ha5 risen over the years Irom initially zero las our work in schools wa5 effectively pro bono) to now approaching 50% of cost. This 15 a huge endorsement from the schoo151college5 of the work the foundation and its staff team carries out and helps us move closer to a sustsinable business model with appropriate linancial stability. The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place lo mitigate exposure to the major risks. The principle risk to the Charity arises from a lack of income, particularly from donations. Thi5 can be mitigated by minimising expenditure. The Charity's contractual arrangements with its mentors and covn5ellors are flexible which gives the charity Ihe ability to adjust mentoring schedules relative lo demand and financial resources. The effect of reducing staff cost5 would be to reduce the level of activity and services that the Charity can offer, but its operations could continue on this basis. Str￿tUre. Gov•rnanc• & Management The Charity is a charitable incorporated organisation ICIOI and is governed by its Constitution, last amended 8 August 2022. It is regISte￿a with the Charity Commission. The Trustees who seNed during the period and up to the date ol signature of the financial statements were.. Nico McEwen Sean Fletcher Emma Tolson (appointed 8 August 20221 (appointed 8 August 20221 (appointed 27 July 20231 THE IUVENTAS FOUNDATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2025 The Trustees were appointed in accordancè 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-lists'ng process. including an external search and an intemal search of trustee contacts, and an intetview with the Chair of Trustee5, Founder andlor Foundation Director. Going Conc•m The TnJ5tee5 have reasonable expectation that the Charity has adequate resources to continue for the foreseeable future, with the continued support ol its lunders and partnerships. The board tontinues to adopt the going concern basis in preparing the financial statements. The Trustees, report was approved by the Board of Trustee5. Mr Nicholas McEwen Chair Date.. slii THE IUVENTAS FOUNDATION TRUSTEES, RESPONSIBILITIES STATEMENT FOR THE PERIOD ENDED 31 MARCH 2025 The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prdcticel. The law applicable to charities in England & Wales requires the tnjstees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs ol the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. selecr suitsble accounting policies and then apply them con515tently', observe the methods and principles in the Charities SORP 2019 IFRS 1021., make jLJdgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departure5 disclosed and explained in the financial ststements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The tnjstees a￿ responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial posilion of the charity and enable them to ensure that the financial Statements comply with the Charities Act 201 I, the Icharities (Accounts and Report51 Regulations 2008 and the provisions of the trust deed. They arè also responsible for safeguarding the asset5 of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other The Trust Report has been approved by the Tru5tee5 and signed on their behalf by. Mr Nicholas McEwen Chair Date.. 3/1( /£{ THE IUVENTAS FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTeES OF THE IUVENTAS FOUNDATION FOR THE PERIOD ENDED 31 MARCH 2025 I report to the charity trustees on my examination of the accounts of the charity for the period ended 31 March 2025 which are set out on pages 11 to 16. Respon5ibilltle5 and basls of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the reqvirements 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 Art and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the ACL Ind•p•nd•Tht examlner'5 statement I have completed my examination. I confirm that no material matters have come to my attention in connectiot) with the examination givin9 me cause to believe that in any material respectr. accounting records were not kept in ￿SpeCt of the charity as required by 5ettion 130 of the ACL or 2. the accounts do not accord with those fecords., or 3. the accounts do not comply with the applicable requirements concerning the fotTn and content of accounts set out in the Charities (Accounts and Reports) Regulation5 2008 other than any requirement that the accounts give a 'true and fair view, which is noi a 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 thi5 report in order to enable a proper understanding of the accounts to be reached. Caroline Wèbster FCA UHY Ross Brooke Windnjsh Court Abingdon Business Park Abingdon OX14 15Y 2024 io THE IUVENTAS FOUNDATION STATEMEtrIT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD I APRIL 2024 TO 31 MARCH 2025 Unre5tr1rted Funds 2025 Total Funds 2025 Unrestritted Funds 2024 Totsl Funds 2024 Not•s Incomlng r•sourc•s from: Donations and legacies Charitable activities Other income 75,618 14,615 75,618 14,61 S 63,663 7,196 11 63,663 7.196 Totsl Irbcom• 90,234 90,234 70,870 70,870 Exp•ndltur• an: Charitable activrties 52,413 52,413 58,283 58,283 Other expenditure 516 1,709 1,709 900 900 Total expendltui• 54,122 54,122 59,183 59,183 N¢t Incomèl{exp•ndltur•) b￿Or• Iransf•rs Transfers between funds N•t mov•m•Tht ol funds In y•ar Reconciliation of funds.. 36,112 36,112 11,687 11,687 36.112 36,112 11,687 11,687 Total funds brought foN4ard Total funds carrl•d fonvard 23,128 23,128 11,441 11,441 59,240 59,240 23,128 23,128 The Statement of Financial Activities includes all gains and losse5 reeogniseil in the year. All income and expenditure derive from continuing activities. THE IUVENTAS FOUNDATION 8ALANCE SHE FOR THE PERIOD ENDED 31 MARCH 2025 Notss 2025 2024 Current Assets Accrued income Cash at bank 5,588 56,534 2,537 26,481 62.122 29,018 C1￿1t01S Amounts due within one year 12.8821 {5,8901 N•t Curr•nt Ais•ti 59,240 23,128 Totsl N•t 59,240 23,128 Th• Funds of th• Charlty Un￿Strided Income funds 12 S9,240 23.128 59,240 23,128 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These acc ts were approved by the Trustees on and are signed on behalf of the board Nicholas McEwen, Chair The notes on pages 13 to 16 form part of these financial statements. 12 THE IUVENTAS FOUNDATION NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2025 1. A¢ of income was received from a Trustee of the Charity. 15 THE IUVENTAS FOUNDATION NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2025 11 UNRESTRicfED INCOME FUNDS Balancè at i Apr 2024 Balan¢e at 31 Mar 2025 Incom• Expendlture Transfe Unrestricted 8eneral fund5 23.128 90,234 154,1221 59,240 23,128 90,234 154,1221 59.240 Previous year lance •t I Apfll 2023 eal•no at 31 Mar Incom• Expendltur• Trnmfevs Unrestritted general tund5 11,441 70,B70 159,1831 23,128 70,870 159.1831 23,128 l6