YOUTH BUSINESS INTERNATIONAL

Charity number: 1123946
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Youth Business International is a not-for-profit organisation that leads a global network of independent country initiatives helping young people to start their own business and create employment. Through our network we assist young entrepreneurs, unable to find support elsewhere, with a combination of access to capital, mentoring, and other business development enabling sustainable job creation.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£4,584,000

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Donations and legacies £96.00k
Charitable activities £4.47m
Other trading activities £0
Investments £20.00k
Other £0

Total expenditure:
£4,822,000

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Raising funds £286.00k
Charitable activities £4.54m
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £286.00k
Charitable expenditure £4.54m

People

28 Employee(s)

12 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 5
£70k to £80k 2
£100k to £110k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
Who the charity helps:
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Organisations
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • City Of London
  • Armenia
  • Australia
  • Bangladesh
  • Barbados
  • Belgium
  • Bhutan
  • Bolivia
  • Brazil
  • Burundi
  • Canada
  • Chile
  • Colombia
  • Dominica
  • France
  • Germany
  • Hong Kong
  • India
  • Ireland
  • Israel
  • Italy
  • Jamaica
  • Jordan
  • Kazakhstan
  • Kenya
  • Kyrgyzstan
  • Mexico
  • Mongolia
  • Netherlands
  • Nigeria
  • Paraguay
  • Peru
  • Poland
  • Russia
  • Serbia
  • South Africa
  • Spain
  • Sri Lanka
  • Sweden
  • Tanzania
  • Trinidad And Tobago
  • Tunisia
  • Turkey
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United States
  • Uruguay
  • Uzbekistan

Governance

Registration history:
  • 01 May 2008: Standard registration
Organisation type:
Charitable company
Other names:
  • THE PRINCE'S YOUTH BUSINESS INTERNATIONAL (Working name)
  • THE PRINCE OF WALES YOUTH BUSINESS INTERNATIONAL LIMITED (Previous name)
Company number:
06550164 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

12 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Marta Ewa Krupinska Chair 17 September 2021
None on record
Thomas Downey Trustee 11 December 2024
None on record
Ellora-Julie Parekh Trustee 27 September 2023
None on record
Lydia Maud Jessica Savill Trustee 27 September 2023
None on record
Babajide Oluwase Trustee 27 September 2023
None on record
Purity Gakuo Trustee 27 September 2023
None on record
Matthew James Wallace Trustee 27 September 2023
None on record
Meaghan Ramsey Trustee 03 December 2020
None on record
Caroline Adenike Adeyemi Trustee 12 December 2019
None on record
Andrew Smart Trustee 16 May 2019
None on record
Romeo Effs Trustee 16 May 2019
None on record
Anita Tiessen Trustee 07 December 2017
GIRLS ARE INVESTORS
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £4.21m £6.61m £2.78m £6.12m £4.58m
Total expenditure £3.55m £6.20m £4.05m £4.99m £4.82m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £451.06k £514.39k £437.00k £249.00k £96.00k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £3.73m £6.09m £2.35m £5.86m £4.47m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £27.11k £5.30k £1.00k £8.00k £20.00k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £3.27m £6.03m £3.85m £4.82m £4.54m
Expenditure - Raising funds £277.60k £173.19k £195.00k £164.00k £286.00k
Expenditure - Governance £0 £17.40k £14.00k £14.00k £19.00k
Expenditure - Grants institution £0 £3.33m £1.78m £2.89m £2.26m
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £16.29k £6.69k £6.00k £16.00k £12.00k
Long-term investments £0 £0 £0 £0 £0
Other assets £3.45m £4.00m £3.52m £3.57m £3.36m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £259.20k £390.47k £1.17m £100.00k £121.00k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 18 September 2024 On Time
Accounts and TAR 31 December 2023 19 September 2024 On Time Download Open in new window
Annual return 31 December 2022 02 October 2023 On Time
Accounts and TAR 31 December 2022 02 October 2023 On Time Download Open in new window
Annual return 31 December 2021 22 August 2022 On Time
Accounts and TAR 31 December 2021 22 August 2022 On Time Download Open in new window
Annual return 31 December 2020 12 July 2021 On Time
Accounts and TAR 31 December 2020 12 July 2021 On Time Download Open in new window
Annual return 31 December 2019 15 July 2020 On Time
Accounts and TAR 31 December 2019 15 July 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 05/03/2008 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 30/11/2011 AS REGISTERED AT COMPANIES HOUSE ON 13/12/2011 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 11/09/2014

Charitable objects

THE CHARITY'S OBJECTS (THE "OBJECTS") FOR THE PUBLIC BENEFIT ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING: 1) TO ACT AS A RESOURCE FOR YOUNG PEOPLE AGED 18-35 BY PROVIDING MENTORING, ADVICE AND FINANCIAL ASSISTANCE THROUGH THE YOUTH BUSINESS PROGRAMMES ("YBPS”) AS A MEANS OF: (A) ADVANCING IN LIFE AND HELPING YOUNG PEOPLE BY DEVELOPING THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS INDEPENDENT, MATURE AND RESPONSIBLE INDIVIDUALS; AND (B) ADVANCING EDUCATION THROUGH MENTORING, TRAINING, ADVOCACY AND THE EFFICIENT SHARING OF KNOWLEDGE THROUGH THE NETWORK OF YBPS; AND (C) RELIEF OF UNEMPLOYMENT. 2)TO ENCOURAGE SUSTAINABLE DEVELOPMENT WHICH MEETS THE NEEDS OF THE PRESENT WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR OWN NEEDS AND TO PROMOTE IT FOR THE BENEFIT OF THE PUBLIC BY: (A) THE RELIEF OF POVERTY AND THE IMPROVEMENT OF THE CONDITIONS OF LIFE IN SOCIALLY AND DISADVANTAGED COMMUNITIES: AND (B) THE PROMOTION OF SUSTAINABLE MEANS OF ACHIEVING ECONOMIC GROWTH AND REGENERATION.

Area of benefit

The area the charity can operate in, as set out in its governing document.

WORLDWIDE

Contact information

Address:
Landmark Office Space - Farringdon
1 Giltspur St
London
EC1A 9DD
Phone:
02033262060
Email:
info@youthbusiness.org
Website:

www.youthbusiness.org Open in new window