MENTIVITY Mentivity - Intergenerational Mentoring Through Education Trustees. Annual Report For the period ended (31st January 2025) l. Reference and Administrative Details Charity name: Mentivity Interyenerational Mentoring Through Education Charity number: 1206811 Registered address: Mentivity House 50 Westmoreland Road London SE17 2GA 2. Structure, Governance and Management Mentivity - Intergenerational Mentoring Through Education is govemed by its Board of Trustees, who are responsible for setting the strategic direction of the charity and ensuring compliance with charity law and Charity Commlsslon guidan￿. Trustees are appointed in accordance with the charity's governing document. During the reporting period, the charity did not employ staff, and all strategic oversight and governance responsibilities rested with the Trustees. 3. Trustees Trustees who served durfng the reporting perlod: Devon Hanson - Trustee (appointed 01 Ottober 2024) Nadine Bernard - Trustee (appointed 01 Ottober 2024) David Wade - Trustee (appointed 01 Ottober 2024) MENTIVITY There are no additional Trustees on record during the reporting period. 4. Objects and Public Benefit Objects The charity's objects are to advance education, wellbeing, and positive life outcomes for children and young people, particularly those from underserved communities, through interyenerational mentoring, education, and community-led support. Public Benefit The Trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit and believe that the charity's purposes are carried out for the public benefit. 5. Review of Activities and Achievements Overview of the Year During the reporting period, the charity was not operational and did not deliver charltable activities. This period represented a developmental phase for the charity. Progress towards becoming operational was slower than anticipated due to funding uncertainty and limited governance capaclty. Planned Professional and Developmental Support At the outset of the charity's formatlon. it was anticipated that the existing external corporate partner would provide professional and developmental support to the charity, working in conjunttion with Hogan Lovells, particularly around governance, legal structuring, and organisational development. MENTIVITY This support initially helped us to move the needle on matters quite significantly and was expected to contribute significantly to the charlty's early-stage capaclty and readiness to commence delivery in 2025. Change In Circumstances Due to the wider financial climate in both the UK and the United States, the anticipated external corporate partner subsequently stepped back from progressing this support. As a result, the planned involvement of corporate- linked professional support ceased. This change had a material impact on the charity's development during the year, particularly as elements of the charity's early governance planning had been linked to this anticipated support model. Current Position In response, the Trustees have begun re-evaluating how the charity moves forward, including: Reviewing governance and professional support arrangements. Reducing reliance on anticipated external or corporate-linked support. Ensuring that future plans are aligned with confirmed capacity and resources rather than projected support. 6. Governance and Trustee Matters The Trustees acknowledge that maintaining govemance capacity during the reportlng period was challenging. Trustees faced competing professional and personal commitments, which limited the pace at which the charity could prog￿sS. The Trustees remain committed to strengthenlng governance arrangements and ensuring the Board is appropriately skilled and resourced as the charity develops. MENTIVITY 7. Financial Review Income and Expenditure The charlty had minimal financial attlvity during the reporting period. No significant income was received, and expenditure was limited to essential administrative and compliance-related costs only. No fundraising attlvities were undertaken during the year. Reserves Policy As the charity was not operatlonal, a formal resepdes policy was not implemented during the reporting period. The Trustees intend to establish an appropriate reserves policy once income generation and programme delivery commence. 8. Risk Management The Trustees have identified the following principal risks. Dependence on anticipated extemal professional or corporate-linked support Llmlted governance capacity Delays In securing sustainable funding Mitigation actions include: Strengthening and broadening Trustee recruitment. Diversifying funding strategies; Phasing future delivery in line with confirmed resources. 9. Plans for the Future While the reporting period was challenging, the Trustees remain committed to the charity's mission. Priorities for the coming period include: Reassessing the charity's operating and governance model. Strengthening Trustee capaclty and engagement. MENTIVITY Developing a sustainable and diversified funding strategy. Positioning the charity to commence delivery when appropriate. 10. Statement of Trustees" Re5ponslbilities The Trustees are responslble for preparing the Trustees, Annual Report and financlal statements in accordance with applicable law and United Kingdom Accounting Standards (FRS 102). The Trustees confirm that this report has been p￿pared in accordance with the Charities SORP and that proper accounting records have been maintained. Approval This Trustees, Annual Report was approved by the Board of Trustees on: Date.. 2510212026 Signed: fjke-- Name: Devon Hanson Role: Chair of Trustees On behalf of the Board of Trustees MENTIVITY mEN￿VITy- INTERGENERATIONAL MENTORING THROUGH EDUCATION Charity Registration Number: 1206811 Registered Address: Mentivity House 50 Westmoreland Road London SE17 2GA Receipts and Payments Accounts For the financial period: Fmm: 31 January 2024 To: 31 January 2025 Receipts and Payments Statement Description Total income received £0 Total expenditure Net movement in funds £0 £0 Statement of Assets and Liabilities at Period End Description Cash at bank and in hand £0 Other assets £0 Total assets £0 Liabilities £0 Net assets £0 MENTIVITY Notes to the Accounts l. The charity did not receive any income during the financial period. 2. The charity did not incur any expenditure during the financial period. 3. The charity did not hold a bank account during this period. 4. Trustee actlvlty during the year focused on governance, compliance, organisational setup, and preparation for future charitable delivery. 5. No financial transattions took place and the closing balance at the end of the period was £0. Trustees. Declaration The trustees declare that these accounts have been prepared on a receipts and payments basis and accurately reflect the financial position of the charity for the period stated. Signed on behalf of the trustees: Name: Role: Trustee Signature: Date: