Annual report and accounts For the period ended 31 December 2008

YBI_AnnualReport_FullDoc.indd 1 2/6/09 10:32:04 Our vision is that youth enterprise is recognised as a vital part of efforts to create employment and stimulate economic growth throughout the world.

About The Prince’s Youth Business International

The Prince’s Youth Business International Our data suggests that new enterprises YBI works in partnership with world- champions youth enterprise by growing supported to date by the organisations in leading businesses and other bodies, a global network which provides young the YBI Network have twice as good a survival including Accenture, Barclays Capital, people with the opportunity to start their rate as those supported by most banks. the International Youth Foundation own business. and the United States Agency for Our goal is that by 2020 we will have International Development, helping them We support our network by helping them grown our network to make it capable of to achieve their own goals and making develop our proven model of supporting supporting 100,000 new entrepreneurs their expertise, resources and influence young entrepreneurs through access to each year, and that by then the available to the YBI Network. In this way, credit, volunteer business mentors and entrepreneurs set up in business by our YBI connects young entrepreneurs with business start-up support. When a young network will have created in total one powerful players in global society. entrepreneur turns for help from one of the million jobs. In 2008, the network supported organisations in the YBI Network, he or she nearly 7,000 entrepreneurs – bringing the YBI was founded in 2000 and is one knows that it will meet high standards of total number of entrepreneurs supported of The Prince’s Charities, a group of competence, performance and trust, to 97,000 and providing employment to 20 not-for-profit organisations of which because it follows a tested, proven model. hundreds of thousands of people. HRH The Prince of Wales is President.

YBI_AnnualReport_FullDoc.indd 2 2/6/09 10:32:04 Contents

Foreword by HRH The Prince of Wales 2 Introduction by the Chairman and the Chief Executive Officer 5 Our global reach 6 Trustees report Legal and administrative information 10 Our objectives 12 Achievements in 2008 14 Our plans for 2009 32 Organisation, governance and accountability 34 Financial summary 36 Financial statements Independent auditors’ report 37 Statement of financial activities 38 Balance sheet 39 Cash flow statement 40 Notes to the financial statements 41 Supporters 49 The YBI Network 50 People 64 Board of trustees 64 Youth Business International staff 66

YBI_AnnualReport_FullDoc.indd 1 2/6/09 10:32:04 The International Labour Organization has reported that the global number of unemployed young people increased from 63 million to 71 million between 1997 and 2007. This huge number contains an equally huge paradox, since many of these young people have a vision and an idea which could provide them with employment. My Prince’s Youth Business International exists to turn these ideas into reality and I could not be more proud of all that YBI continues to do to address this challenge.

It has never been easy for young people to set up a new venture. They need to find the money in the first place; to carry the venture until it obtains an income from selling goods or services; to support it in bad times and to expand it in good times. They also need to find good managers and expert advice which they can trust. In many countries they have to work in an environment where law is uncertain and public services unreliable and, in some cases, to overcome deep-seated cultural barriers to success. The current global economic downturn has made the situation even more complex. If anything, it has increased the relevance and urgency of YBI’s work. Foreword from the President of Youth Business International, His Royal Highness The Prince of Wales

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YBI_AnnualReport_FullDoc.indd 2 2/6/09 10:32:04 YBI is helping young people to succeed The work of YBI and its 38 partners - which in a unique and effective way through its helped nearly 7,000 new entrepreneurs worldwide network of organizations that get started in business in 2008 - could assist young entrepreneurs by providing not have happened without support from access to loan capital and volunteer a significant number of governments, business mentoring. The launch in 2008 foundations, companies, individuals and of YBI as an independent organization civil society organizations. I can only marked the coming of age of this network send my most heartfelt thanks to all and was a big step towards building a of our supporters with the hope that, large scale, worldwide movement. The together, we can continue to help statistics speak for themselves. Over talented young people find employment. 80% of new jobs created are in small to medium-sized enterprises and, as pressure on employment in government and large corporations rises, it becomes even more important for the SME sector to provide new employment opportunities. By helping young people develop successful and sustainable enterprises, YBI aims to make a real difference to local employment prospects.

To a great extent our futures depend on the innovation, energy and enterprise of young people. This is powerfully demonstrated by the winner of the 2008 YBI Entrepreneur of the Year award. Ramu Uyyala, from Hyderabad in India, was supported by YBI’s local partner to start a company to recycle plastic bags. Ramu has not only developed a profitable business, but has been able to create work for over 40 people, many of them disadvantaged women, thereby making a huge difference to the local community. He has also improved the local environment for other businesses that rely on his company to buy cheap plastic bags.

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YBI_AnnualReport_FullDoc.indd 3 2/6/09 10:32:11 Zha Xi Sunluo, who set up a handicrafts business in Tibet with the backing of Youth Business China.

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YBI_AnnualReport_FullDoc.indd 4 2/6/09 10:32:15 Introduction by the Chairman and the Chief Executive Officer

2008 was a milestone year for YBI. YBI Network, and we have been proud to programmes in Jamaica, Trinidad & Tobago This first annual report from YBI introduces work alongside respected institutions like and Indonesia, helping to garner support for the work that we have done over the past Accenture, the Inter-American Development our work and raise awareness of our cause. 12 months and anticipates some of the Bank and the Islamic Development Bank challenges we face as we work towards our to bring much needed resources to the As you will see throughout this report, goals for the next decade. By 2020 our work of the network. we made important progress in 2008. ambition is to have grown our network to We firmly believe that growing a global make it capable of supporting 100,000 As the leaders of a network, one of our network is the most effective way to new entrepreneurs each year, and that by most important roles is to maximise its advance youth enterprise and create jobs then the entrepreneurs set up in business impact by facilitating information-sharing around the world. Last year the YBI Network by our network will have created in total and cooperation. Our fifth biennial Global supported 6,826 new entrepreneurs one million jobs. Conference, in November 2008, was a and despite the economic crisis we are landmark event in bringing together some determined to support the network In these times of economic crisis, we of the world’s leading youth enterprise in continuing this growth in 2009. believe more than ever that supporting organisations to share ideas, explore how young entrepreneurs is an important way to work together and discuss how to attract This annual report introduces you to YBI to tackle unemployment and lift people resources to help us achieve our goals. and explains our journey in 2008 to tackle out of poverty. the youth employment challenge. If you The conference culminated in the Global are already on this journey with us, we’d We do this through a global network of Forum on Youth Entrepreneurship, a like to thank you. If you are not, please youth business programmes that support gathering of global experts to discuss feel free to tell us about your goals, and young entrepreneurs by giving them access solutions to the growing challenge of discuss how we could work together to to funding and volunteer business mentors. youth employment, which was a key step achieve them. Our model is successful. Our own data forward in YBI’s efforts to champion the suggests that over 70% of entrepreneurs cause of youth enterprise. supported by the YBI Network are still trading by the end of their third year. Although YBI has been in operation since In many countries, this represents about 2000, this is YBI’s first ever annual report twice the average success rate of new as we became an independent charity entrepreneurs supported by banks. during 2008. We were greatly honoured when HRH The Prince of Wales agreed Our role is to grow the capacity and to launch YBI on 16 July 2008 and to capability of the YBI Network, to enable become its President. programmes to learn from each other and Sir Malcolm Williamson, Chairman develop as rapidly as possible. As part of The Prince is at the heart of our activities Andrew Devenport, Chief Executive Officer this, we develop partnerships between to raise the profile of youth enterprise, and governments, companies and the last year His Royal Highness visited our

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YBI_AnnualReport_FullDoc.indd 5 2/6/09 10:32:59 Canada In May, the Business Development Bank of Canada agreed a deal with the Canadian Youth Business Foundation North America: to support more 555 entrepreneurs young entrepreneurs started up in in Canada. Canada in 2008

Latin America: 476 entrepreneurs Our global reach started up in 2008

Youth Business International is the leadership body for a network of youth business programmes dedicated to supporting young entrepreneurs. Here is a snapshot of activities in the network in 2008.

Accredited Pilot youth business youth business programmes programmes

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YBI_AnnualReport_FullDoc.indd 6 2/6/09 10:33:07 Europe 3,561 entrepreneurs started up in 2008

Caribbean 156 entrepreneurs started up in 2008

Caribbean The Prince of Wales visited youth business programmes in Trinidad & Tobago and Jamaica in March, helping to raise support for the issue of youth enterprise. Middle East 1,187 entrepreneurs started up in 2008 Africa 90 entrepreneurs started up in 2008

Argentina In December, Fundación Impulsar celebrated supporting its 600th entrepreneur – Luis Nestor Saudi Arabia Contreras, who is a 22 year On 8 September, The Centennial old farmer. Luis lives in the Fund approved its 1,000th loan. north of Argentina and his From a pilot programme of 20 business specialises in the clients in 2005, TCF has grown manufacture of charcoal fifty-fold in just three years. and the cultivation The aim is to support 2,000 of maize and corn. young entrepreneurs in 2009.

YBI_AnnualReport_FullDoc.indd 7 2/6/09 10:33:17 China Arthur Liu has created employment for 300 people with his housekeeping business. Arthur was the first entrepreneur to be set up by Youth Business Asia China’s Shanghai 801 entrepreneurs office, receiving a started up in 2008 loan in 2004.

Indonesia Middle East The Prince of Wales made a visit to 1,187 entrepreneurs Young Entrepreneurs Start Up (YES), started up in 2008 as part of an official visit to Indonesia in November.

India Ramu Uyyala wins YBI Entrepreneur of the Year award 2008. Ramu established his plastic bag recycling business in 2005 and he has successfully grown the business to now employ 40 staff. His company, M.R Plastics, is creating a Saudi Arabia business out On 8 September, The Centennial of a waste Fund approved its 1,000th loan. product as From a pilot programme of 20 well as helping clients in 2005, TCF has grown to build a fifty-fold in just three years. supply chain in The aim is to support 2,000 the local area. young entrepreneurs in 2009. As of May 2009

YBI_AnnualReport_FullDoc.indd 8 2/6/09 10:33:29 Jaber Al-Harbi, a 24 year old from Saudi Arabia, who set up an equipment rental business with the help of The Centennial Fund.

“Mentoring Jaber has opened my eyes to an ever-expanding Saudi population that has the desire to start their own businesses but needs that little push to guide them. I am that push and I believe that people need to feel that sense of satisfaction when you help someone out and build their future.” Abdulsalam Al-Jaber, mentor for Jaber Al-Harbi

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YBI_AnnualReport_FullDoc.indd 9 2/6/09 10:33:34 Trustees report

The members of the Board, who are Directors of the Charity for Notes the purposes of company law and trustees for the purposes of In this report, “The Prince’s Youth Business International”, Charity law (hereinafter “the trustees”), submit their Annual “Youth Business International” and “YBI” are all operating Report and the audited Financial Statements for the 276-day names which refer to The Prince of Wales Youth Business period from incorporation on 31 March 2008 to 31 December International Ltd, a company limited by guarantee. 2008. The members of the Board who served during the year or The organisations and initiatives that belong to the who have been appointed since year end are those listed below. YBI Network are referred to as “youth business programmes”. Legal and administrative information

Board of trustees Trustees serving during the year and since the year end were:

Accreditation Audit Committee Change during year Board Committee (as of 29/01/2009) Malcolm Williamson Appointed 15/04/08  (chair)  Andrew Devenport Appointed 27/04/08  John Downie Appointed 09/10/08  Frances Le Grys Appointed 15/04/08  Elizabeth Padmore Appointed 15/04/08   (chair)  Rupendra Singh Appointed 29/01/09   (chair)

Senior management team

Andrew Devenport Chief Executive Officer Registered Office Bankers Andrew Fiddaman Managing Director Kensington Palace The Co-operative Bank plc Kensington Gardens 80 Cornhill Anne-Marie Brennan Development Director London W8 4PX London EC3V 3NJ Sarah McMillan Operations Director Maarten Rooney Finance Director Auditors Secretary Gina Wallace Stakeholder Director Nexia Smith & Williamson Sisec Ltd Chartered Accountants 21 Holborn Viaduct 25 Moorgate London EC1A 2DY Company’s registered number: 06550164 London EC2R 6AY Registered charity number: 1123946

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YBI_AnnualReport_FullDoc.indd 10 2/6/09 10:34:18 Debbie Duffy, who with the support of The Prince’s Scottish Youth Business Trust started up her hairdressing salon.

Mission

The mission of Youth Business International is to champion youth enterprise by growing a global network which provides young people with the opportunity to start their own business.

We support our network by helping them develop our proven model of supporting young entrepreneurs through access to credit, volunteer business mentors and business start-up support. To facilitate the growth of this network and raise the profile of youth enterprise, we develop international partnerships with governments, businesses and civil society organisations.

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YBI_AnnualReport_FullDoc.indd 11 2/6/09 10:34:56 Our objectives

During 2008 our work to grow a global network of youth business Objective 3: programmes was guided by the Raise resources for the network following five strategic objectives: We engage the skills and resources of governments, businesses and civil society organisations, enabling the Objective 2: network to support Objective 1: Assess the quality more young Strengthen the operational and performance entrepreneurs capabilities of the network of the network We develop tools for the We measure the network to use, facilitate progress of the network information sharing and advise towards our goals and youth business programmes run the network on individual challenges accreditation scheme that they face

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YBI_AnnualReport_FullDoc.indd 12 2/6/09 10:34:56 Objective 4: Expand the network to new countries Objective 3: We support the Raise resources initiation of new youth for the network business programmes We engage the skills in target countries and resources of governments, businesses and civil society organisations, enabling the network to support more young Objective 5: entrepreneurs Act as an advocate for the network We champion youth enterprise and raise the visibility of the work of the network to support young entrepreneurs

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YBI_AnnualReport_FullDoc.indd 13 2/6/09 10:34:56 Achievements in 2008

In this section we assess our achievements against our declared objectives

The Mentoring Toolkit is the first part of a set of Operating Guidelines that will be developed over the

Above: Graciela Top right: Indian Ocampo, an Argentinean entrepreneur Senthil next three years entrepreneur who set up Kumar with his mentor her handicrafts business Mr Athmanasan. with the support Senthil has set up an of Fundación Impulsar. engineering company in Chennai with the support of the Bharatiya Yuva Shakti Trust.

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YBI_AnnualReport_FullDoc.indd 14 2/6/09 10:35:03 1: We strengthened the operational capabilities of the network

Only with a strong network will we be We previewed the Mentoring Toolkit at able to reach our goals, and therefore it is our conference in Scotland in November, important for YBI to work continually to with the aim of launching a full version strengthen the operational capabilities in 2009. We believe that the Mentoring of individual youth business programmes. Toolkit will become an invaluable aid to the YBI Network, providing a unique guide YBI’s activities in this area in 2008 to youth business programmes on how were centred around our biennial Global they can successfully develop their Conference, which took place in Edinburgh mentoring activities. in November. With a theme of “Partnering for Success”, much of the conference was The Mentoring Toolkit is the first part of about how the YBI Network could develop a set of Operating Guidelines that will better partnerships with other organisations be developed over the next three years – and individuals to help achieve our goals. providing youth business programmes with a complete guide to running their At the conference we previewed the final youth business programme. phase of a key project to improve the way that youth business programmes work During 2008 YBI also undertook a with mentors. number of field visits to work with individual organisations on strengthening Mentoring is one of the key components their operational capabilities, and in of the YBI model, because entrepreneurs August we held a workshop on mentoring have a greatly increased chance of success with five youth business programmes in their business idea if they have the based in central and eastern Europe. advice and support of a successful and experienced business person.

Our mentoring project began in 2006 with support from Accenture, and aimed to capture all the different approaches to mentoring used by the YBI Network, improve individual organisation’s mentoring strategies and finally, develop an online mentoring resource – the Mentoring Toolkit.

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YBI_AnnualReport_FullDoc.indd 15 2/6/09 10:35:27 Case study Developing a network-wide operations management system

Since 2007 we have been working on the “Setting up our own system to track our “Setting up our own system creation of an operations management loan portfolio would be an expensive, database that all members of the network difficult, and time-consuming task,” says to track our loan portfolio could use to help them track their loan Kamila Kaszkiel, Programme Manager at would be an expensive, portfolio. The rationale was simple – would Youth Business Poland. “YBI’s operations it not be much better to have one system management system is a significant difficult, and time-consuming that all youth business programmes could contribution to the network which enables task. YBI’s operations use, than have 30-plus similar systems us to spend more time helping young being developed around the world at entrepreneurs, and less time developing management system is a great cost? support systems.” significant contribution to In the past, several youth business The data allows YBI to produce accurate the network which enables us programmes had been struggling to develop performance management indicators, to spend more time helping their own operational database, at a very enabling it to measure the progress of high cost in terms of human and financial individual youth business programmes as young entrepreneurs, resources. By reducing the operational well as the YBI Network as a whole. These and less time developing costs of each youth business programme, performance indicators include the number the goal is to enable them to become more of young people offered a loan, trained, support systems.” efficient and have more resources available assigned a mentor, repayment of loans, to support young entrepreneurs. and the development of an entrepreneur’s Kamila Kaszkiel, Programme Manager business (including turnover, additional at Youth Business Poland The operations management system, as it employees, date loan repaid, growth is now known, was launched in late 2008 loans provided). after nearly two years of development work. It provides youth business programmes and The system was developed with input from YBI itself with a unique opportunity to several programmes including Barbados manage and measure key aspects of the Youth Business Trust, which was one of operations of each programme. All aspects the first youth business programmes to of the day-to-day running of a programme develop a similar database. These ideas were are included and linked up electronically – further developed by Netways in Saudi capturing full personal details of each Arabia, an IT business solutions provider. entrepreneur, mentor and referee, the loan Our partner in Saudi Arabia, The Centennial portfolio, businesses created and business Fund, generously provided support for sectors supported. the project and experience based on the development of their own successful IT systems.

Having launched the system at the end of 2008, we will focus in 2009 on enhancing the capabilities of the OMS to further meet the needs of the YBI Network.

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YBI_AnnualReport_FullDoc.indd 16 2/6/09 10:35:27 Top: Yevgeniy Bottom: Sharon Apler, Krestenenko set up a chocolate manufacturer 2: We assessed the his blacksmiths business from Israel who has been in Kremennaya with supported by the Keren the help of Youth Shemesh Foundation, quality and performance Business Ukraine. with her mentor. of the network

A vital part of our work is ensuring that all To ensure objectivity, accreditation youth business programmes perform in line assessments were outsourced to Challenges with minimum standards and the shared WorldWide, a not-for-profit organisation operating principles of the YBI Network. which works to strengthen government During 2007, we developed and trialled a and non-government organisations in new accreditation scheme which sought countries around the world. to assess the operational and organisational quality of the youth business programmes In 2008, 16 youth business programmes of the network, identify strengths and were assessed, confirming the status of 12 weaknesses and gain a better understanding accredited organisations and promoting of how YBI – at the centre of the network – four organisations from pilot status to can support our youth business programmes. accredited status.

Youth business programmes fall into two The final decision on each youth business categories - pilot status, and accredited programme is made by YBI’s Accreditation status. New youth business programmes committee, comprising two YBI Board are automatically in the pilot category, members and other professionals, following and in order to reach accredited status a field visit and a detailed written report. they will be assessed as to whether they meet the requirements asked of them. Under the new system, there is a distinct possibility that some youth business The accreditation process is designed to programmes will be declined accreditation measure the extent to which to the youth and have to leave the network, but we business programme complies with the were pleased that this did not happen common standards that they sign up to with any organisations assessed during when they join the network. 2008. With some, however, remedial measures were identified and we are Late in 2007 the new system was working with these youth business successfully implemented with three programmes to address these challenges youth business programmes, paving the and ensure that they can continue way for a more complete roll out of the to belong to the network. scheme in 2008.

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YBI_AnnualReport_FullDoc.indd 17 2/6/09 10:35:34 Left: Nokulunga Mngadi, Bottom: Ivonne who was helped by the Escobar (left), a Belizean Umsobomvu Youth Fund entrepreneur who in May in South Africa to start 2008 won a prestigious up her business, called Growing up CEO Award Locksmaster Hair Salon. in Boston.

In 2008, 16 youth business programmes were assessed, confirming the status of 12 accredited organisations and promoting four organisations from pilot status to accredited status

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YBI_AnnualReport_FullDoc.indd 18 2/6/09 10:35:55 Below: Nuwan Gunasekara, a Sri Lankan Case study entrepreneur who produces and sells coir from coconut husks. He is pictured Accreditation assessment with his mentor, helps guide Sri Lanka operations Mrs Lakshmi Gamage. to national expansion

“Undergoing the accreditation assessment “The accreditation was a useful exercise for HYBT especially as we start our efforts to expand nationally assessment helped us through Youth Business Sri Lanka,” says to recognise the areas Azmi Thassim, Chairman of Hambantota Youth Business Trust and Founder Trustee that we need to improve of Youth Business Sri Lanka. “The process on as an organisation in was well prepared and extremely thorough. Although we passed the assessment order to become more confidently, it put us under the spotlight effective in supporting and helped us to recognise the areas that During 2008 the Sri Lankan member we need to improve on as an organisation young entrepreneurs.” of the YBI Network underwent an in order to become more effective in accreditation assessment to confirm supporting young entrepreneurs. It also Azmi Thassim, Chairman of its continued status as an accredited helped us to become more focused on Hambantota Youth Business youth business programme. what we will need as we expand.” Trust and Founder Trustee of Youth Business Sri Lanka The programme in Sri Lanka has been During 2009 HYBT will address some of known since inception in 1997 as the these areas, such as improving the gender Hambantota Youth Business Trust (HYBT), balance of the young entrepreneurs that operating in the Hambantota district in are supported, and clarifying some of the the south of Sri Lanka with the support governance structures that are in place. of the Hambantota District Chamber of YBI plans to visit Sri Lanka in June 2009 Commerce (HDCC). With a view to to provide further support and guidance achieving national coverage a national for the expansion process. level entity, Youth Business Sri Lanka, was created at the end of 2007 under The accreditation scheme has been the Ceylon Chamber of Commerce. supported by KPMG and Lovells, The Hambantota operations will fall which helped us develop the framework, within this larger organisation. and Barclays Capital, which gave a grant to support the implementation As the Youth Business Sri Lanka of the accreditation in 2008. Barclays programme becomes operational out of is again supporting our accreditation Colombo, it is important to ensure that scheme in 2009. best practice from Hambantota can be captured and replicated in other regions. At the same time, the Hambantota operations must be able to continue running smoothly.

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YBI_AnnualReport_FullDoc.indd 19 2/6/09 10:35:59 Top: Louise Cafferkey, Bottom right: Rachel who was able to set up a Melase set up her beauty salon in Northern Ethiopian restaurant in Ireland with the help of Tel Aviv, Israel, thanks to 3: We raised resources The Prince’s Trust. the help of Keren Shemesh. Right: Aseun Sunday set up his cobblers business Aseun Authentic Footware for the network with the support of Youth Business Initiative Nigeria.

YBI provides different forms of support Most notable among them were The During 2008 YBI formed a partnership for youth business programmes, not only McCabe Foundation - Banking on the with the Islamic Development Bank and direct financial support for new young Young, The Scotto Trust, The Loomba the Kenya Youth Business Trust to expand entrepreneurs but also the development of Trust and The Mackintosh Foundation. KYBT’s operations from Nairobi to Kenya’s mentoring initiatives, expansion into new second city Mombasa. regions and general programme support. For the last three years YBI has worked with the Loomba Trust in Kenya and In 2008, and as part of YBI’s long running We work to link up the youth business Sri Lanka providing targeted support to relationship with Accenture, we implemented programmes with supporters that have a widows, their children and orphans. In a project to improve mentoring initiatives focus on particular countries or demographics, 2008 grants from the Loomba Trust were in individual countries. We worked with and we also help donors tailor support made to B’Yeah in Bangladesh and also to youth business programmes in Argentina, programmes that can span more than a number of youth business programmes Barbados, Canada, China, Guyana, India, one country. to support International Widows Day. Nigeria and Trinidad & Tobago to improve In total the Loomba Trust has supported the quality and quantity of mentoring YBI worked with a number of foundations in 31 entrepreneurs as a result of its work services to young entrepreneurs. 2008 assisting them in directly supporting with YBI. young entrepreneurs in the YBI Network.

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YBI_AnnualReport_FullDoc.indd 20 2/6/09 10:36:04 During 2008 YBI formed a partnership with the Islamic Development Bank and the Kenya Youth Business Trust to expand KYBT’s operations from Nairobi to Kenya’s second city Mombasa

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YBI_AnnualReport_FullDoc.indd 21 2/6/09 10:36:10 Case study YBI partnership with The McCabe Foundation

Huang Haijin is one such entrepreneur, who “We count on YBI in with the support of Youth Business China and The McCabe Foundation was able to delivering a full head set up her own studio to focus on traditional and heart approach Chinese paper cutting. Being disabled herself, she was particularly keen to create jobs in all our projects where for other disadvantaged women and funds will be loaned now employs around 40 disabled women in her studio. to those extremely disadvantaged and In Sri Lanka Dinesh Priyadarshana, 21, set up his ornamental flowers business with a needy young people.” £300 loan from Youth Business Sri Lanka, as a result of The McCabe Foundation’s Nichola Odey, Chairman support. Before he set up his business his of The McCabe Foundation - father and eldest sister were struggling to Banking on the Young make enough money to support the family, but Dinesh is now earning a good income Youth Business International and The from his business, ensuring that his two McCabe Foundation - Banking on the brothers can continue their studies. Young are working together to support entrepreneurs in Argentina, China, “We are delighted to partner with YBI in Kenya, México, Sri Lanka and India. implementing our programmes worldwide,” says Nichola Odey, Chairman of The The partnership focuses on supporting McCabe Foundation - Banking on the young people from urban slums, orphans, Young. “We count on YBI in delivering tsunami victims and those with disabilities. a full head and heart approach in all our projects where funds will be loaned to The project was launched in May 2007, those extremely disadvantaged and and has helped support a wide array of needy young people. Working together entrepreneurs who would not otherwise with YBI, we hope our programmes will have been able to start up their businesses. bring guidance, hope and opportunity to theseyoung people who can ultimately become the contributing and positive force in their society.”

Above: Ana Lara, an entrepreneur from Mexico, who was supported as a result of the grant from The McCabe Foundation - Banking on the Young.

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YBI_AnnualReport_FullDoc.indd 22 2/6/09 10:36:15 4: We expanded the network to new countries

A key part of YBI’s mission is to expand As part of this consolidation, a freeze was the YBI Network to new countries. placed on admitting new youth business programmes during that period, excepting This involves admitting new youth those already under consideration. One of business programmes into the network, these, Youth Business Bulgaria, was formally either through creating new organisations admitted to the network in November 2008. to deliver the YBI programme, or partnering with existing organisations to deliver the In addition, performance management YBI programme as part of their portfolio processes were tightened during 2008 of activities. which resulted in a number of relatively less active youth business programmes YBI has a very strong preference for (in Albania, Brazil, Egypt, Malaysia and admitting only one youth business Mauritius) agreeing to leave the network. programme per country, and of striking a balance between a proactive and reactive This has freed up resources and enabled YBI approach in the selection of countries. to reprioritise youth business programme admissions for 2009. A revised admissions The YBI Network enjoyed rapid growth in process is in development, and there is admissions during 2006, with a total of currently a pipeline of prospective new seven new youth business programmes youth business programmes. We expect joining the network that year. In 2007, to maintain a steady growth rate of the the YBI Network stabilised with three new numbers of youth business programmes programmes joining and three departing. in the network, and forecast increasing the size of the network up to 45 members For 2008, YBI’s focus shifted towards by the end of 2010. Top: Shaina Goodridge, Bottom: Bolivian consolidation of existing youth business an entrepreneur who entrepreneur Ramiro received a loan and a Velásquez, 23, set programmes, with particular emphasis on Our expected expansion in 2009 was mentor from the Barbados up a flower growing support for those undergoing assessments supported by the attendance at our 2008 Youth Business Trust, company called Claveles through the new accreditation scheme Global Conference of senior management for helping her set up her del Sur after receiving (see objective two). By the end of 2008, potential new youth business programmes business selling rum support from Innova and raisin doughdrops. Emprendimientos 24 youth business programmes were fully from Brazil, Dominica, Malawi and USA. Sociales. accredited compared to 20 at the end of 2004, and pilot programmes were reduced from 19 to 12 in the same period.

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YBI_AnnualReport_FullDoc.indd 23 2/6/09 10:36:22 For 2008, YBI’s focus shifted towards consolidation of existing youth business programmes, with particular emphasis on Top: Jodi Sinden received support from support for those the Canadian Youth Business Foundation, undergoing accreditation helping her launch her company which sells an award winning filing assessments through and organising system. the new accreditation Bottom: Michael McCandlish was given a loan by The Prince’s process Scottish Youth Business Trust to enable him to set up his vehicle valeting service in Glasgow.

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YBI_AnnualReport_FullDoc.indd 24 2/6/09 10:36:31 Case study Youth Business Bulgaria joins YBI Network

In October 2008, YBI welcomed Youth Milena Stoycheva, CEO of Junior “The YBI model and Business Bulgaria to the YBI Network as Achievement Bulgaria, describes how a pilot programme. joining the YBI Network is helping the network is a great programme: “Our country needs opportunity to steer Youth Business Bulgaria is part of Junior entrepreneurs and especially the young Achievement, the world’s oldest, largest and ones. The YBI model and network is a great the development of fastest-growing not-for-profit economic opportunity to steer the development youth entrepreneurship education organisation. of youth entrepreneurship providing a stimulating environment and role models providing a stimulating Youth Business Bulgaria started in 2006 for the new generation. We are proud and environment and role as a partnership with the Balkan Children honoured to be part of this esteemed network.” and Youth Foundation, following the models to the new successful YBI model. For a period of just One of Youth Business Bulgaria’s youngest generation” less than two years, more than 50 young entrepreneurs is Georgi Dichev, now 22, entrepreneurs from all around the country who after launching his business Future Milena Stoycheva, applied for mentoring and financial support Media Ltd (www.fmedia.bg) received the CEO of Junior Achievement Bulgaria and the best ideas received a loan based prominent Best Young Entrepreneur award on the preferential conditions that Youth in Bulgaria in 2006, a contest organised Business Bulgaria offers. Ten of the business by an independent bank institution. plans have taken advantage of the He is employing six young people in his programme so far. design studio specializing in web services (websites and flash presentations) and Junior Achievement Bulgaria has 3D services (architectural visualizations). successfully promoted enterprise to teachers and students in Bulgaria’s high schools via training programmes, and through Youth Business Bulgaria it will be able to extend this work to supporting young people who want to set up a business but lack the resources to do so.

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YBI_AnnualReport_FullDoc.indd 25 2/6/09 10:36:31 5: We acted as an advocate and communicator of the network

YBI has a strong advocacy and development, youth employment, communications role, designed both to and the challenges faced by young increase awareness of the challenges of people around conflict and security. youth employment and raise the profile of the network and its support for The visit to the Caribbean in March by young entrepreneurs. HRH The Prince of Wales also provided opportunities to promote our work and One of the UN’s Millennium Development during his visit to Trinidad The Prince Goals is “to work in partnership...to provide had the opportunity to meet several of decent and productive work for youth”, the entrepreneurs helped by YBI’s local and in support of this goal YBI is committed partner, together with their mentors and to working with other national and local supporters. YBI’s participation in the international partners to address the issues Clinton Global Initiative also provided an of youth enterprise and employment. opportunity for YBI to make public its commitment to start a youth business We are a partner of the UN’s Youth programme in the USA in 2009. Employment Network and work with the UN, national governments and international The success and importance of the YBI agencies to promote entrepreneurship as model is increasingly recognised by public an important way in which to address the and private sectors and the international youth employment challenge faced by community. YBI was invited to join many countries. the UK’s Department for International Development’s Civil Society Youth Working We encourage governments to promote Group and worked with local UNDP self-employment as a viable option for Missions in Turkey and the Balkans. young people and to develop an enabling environment that makes it easier for young entrepreneurs to register and operate their businesses. Right: Kristin Chan, the Far right: Malgorzata founder of China Globe Kurek runs a beauty In 2008 representatives from YBI gave Jewelry Sourcing Company, parlour in Warsaw, presentations at major international who started her wholesale Poland, with the help of conferences in the UK, the US, Turkey and precious and semi-precious Youth Business Poland. Brazil dealing with issues such as enterprise stones business with a loan from Youth Business Hong Kong.

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YBI_AnnualReport_FullDoc.indd 26 2/6/09 10:36:39 We encourage governments to promote self-employment as a viable option for young people and to develop an enabling environment that makes it easier for young entrepreneurs to register and operate their businesses

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YBI_AnnualReport_FullDoc.indd 27 2/6/09 10:37:35 Case study Global Forum on Youth Entrepreneurship

We must be relentless in creating more “It is up to all of and better opportunities for our young people, because what we do for them us – in business, in today will determine what they are able government and to do for all of us – for our economies and our societies – over the next generation.” in our communities – to give young people YBI developed an Agenda for Action following the meeting, that had the hope, and to give following key points: them help.” YBI hosted its first Global Forum on Youth Entrepreneurship during the Global 1. Youth employment and enterprise are David Stewart-Patterson Conference in Scotland in November 2008. about competitiveness and compassion of the Canadian Council The event was attended by more than 2. Entrepreneurship is an attitude of Chief Executives 200 people from different sectors, who and an activity discussed how the public and private 3. The importance of champions sectors can work together to promote and celebrating them and develop youth entrepreneurship, and 4. The need for hard statistics and who learnt from some of the most inspiring inspiring stories public-private partnerships under way. 5. The potential to create a common voice and a common agenda on key issues In the words of David Stewart-Patterson of 6. The importance of individual action the Canadian Council of Chief Executives, one of the speakers at the event: “We need During 2009 we will be working with some to make sure that the bleak outlook in the of our international partners to develop short term does not discourage young these key points into firm recommendations people from pursuing their dreams. It is up for national and local governments as well to all of us – in business, in government as businesses to encourage the spread and in our communities – to give young of cross-sector partnership to support people hope, and to give them help. youth enterprise.

Above: David Stewart-Patterson speaking at the Global Forum on Youth Entrepreneurship.

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YBI_AnnualReport_FullDoc.indd 28 2/6/09 10:37:43 Donna Jackman from Barbados was able to start her wedding services company with help from the Barbados Youth Business Trust.

“My mentor has pushed me to another level and has helped me achieve. He has increased my desire to have a better business by seeing things you do not see or realise as other aspects of the business. It is great having a mentor as he has helped me to put a lot into my business.” Donna Jackman about her mentor, John Williams

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YBI_AnnualReport_FullDoc.indd 29 2/6/09 10:38:11 Additional achievements in 2008

Independence of Youth Business International

In July 2008 Youth Business International Becoming independent would enable YBI became an independent charity, under to raise its profile, attract more resources, Becoming independent the Presidency of His Royal Highness and would also enable youth business would enable YBI to raise its The Prince of Wales. programmes to take an ownership stake profile, attract more resources, in YBI, ensuring a closer relationship and would also enable YBI was founded in 2000 as a programme between YBI and the organisations that of the International Business Leaders belong to the YBI Network. This work youth business programmes Forum, but by 2007 it had become clear culminated in a reception and dinner to take an ownership stake that in order to support the rapid growth hosted by HRH The Prince of Wales on in YBI, ensuring a closer of the YBI Network, Youth Business 16 July 2008, to celebrate the launch of relationship between YBI and International needed to become an The Prince’s Youth Business International. the organisations that belong independent organisation. The event brought together 30 of YBI’s closest supporters and donors and was to the YBI Network held at Clarence House, London, ahead of YBI’s official independence.

Celebrating success

The YBI Entrepreneur of the Year award is We worked with a BBC documentary Willie said: “Ramu has laid a foundation to a great way in which we can champion maker Claudio von Planta to produce grow his business rapidly, his commitment youth enterprise, by celebrating the success a short film on each entrepreneur, to the local community is admirable and of some of the young entrepreneurs that demonstrating not just their success in he has all the ingredients to become a have been set up by the organisations setting up a business but the impact that very successful entrepreneur.” in the YBI Network. their work is having on the local community. Ramu will use his US$5,000 prize money In 2008 the competition culminated in a Willie Haughey, one of Scotland’s leading on purchasing new machinery, giving to special awards dinner in Edinburgh during entrepreneurs, presented the award to India’s his workers and making a small donation the YBI Global Conference. Some 300 Ramu Uyyala, who has grown his plastic to charity. Willie Haughey also announced guests gathered to find out which of the bag recycling business to employ 40 staff, during the awards evening that he would three finalists-Ramu Uyyala from India, many of them disadvantaged women. donate a similar amount of money to the Nuwan Gunasekara from Sri Lanka and two runners-up, Nuwan and Elijah. Elijah Daramola from Nigeria – would win His company, M.R Plastics, is creating the 2008 Entrepreneur of the Year award. a business out of a waste product as well as helping to build a supply chain in the local area.

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YBI_AnnualReport_FullDoc.indd 30 2/6/09 10:38:18 Ramu Uyyala, the YBI Entrepreneur of the Year 2008, at the awards ceremony in Edinburgh, Scotland.

“Ramu could not continue his studies due to the poor economic conditions prevailing at home so he joined a plastic company to supplement his family income. Though just 29 years old he has created employment opportunities for about 40 people in his community, some of whom are marginalised women.” E. Satyanarayana Rao, mentor for Ramu Uyyala

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YBI_AnnualReport_FullDoc.indd 31 2/6/09 10:38:58 Our plans for 2009

Strengthen the operational Raise resources for Act as an advocate capabilities of the network the network for the network

The successful roll out of the online We will establish a US (501(c)3) Developing YBI’s brand will be a key operations management system will be not-for-profit entity, enabling YBI to focus in 2009. We will work on a number an important challenge for YBI, and we start accessing potential US support of initiatives that will strengthen YBI’s aim to have launched the system to 50% for the YBI Network. position as a champion for youth enterprise of youth business programmes in the first and make the case for supporting young half of 2009. As well as developing relationships with entrepreneurs, including – a new website organisations that can give financial for YBI, a higher-profile Entrepreneur of the We will also continue to develop the grants to youth business programmes, Year competition, and support for Global Mentoring Toolkit – YBI’s first guide to we will explore opportunities for innovative Entrepreneurship Week, which will take managing a mentoring programme – online financing mechanisms. place in November 2009. as well as starting development on other operating guidelines for youth business programmes. Expand the network to new countries

Ensure the quality and After a period of consolidation, YBI will performance of the network again start expanding the network in 2009. We expect to launch new youth In 2009 YBI aims to work with the business programmes in Brazil, Dominica, youth business programmes to build and USA and explore opportunities for develop new key performance indicators expansion in a number of other countries. for the network, enabling us to capture more efficiently the impact that our work is having on job creation and economic growth.

We will also continue the development of our accreditation system, helping to ensure that the accredited programmes of the YBI Network maintain their high quality of operations.

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YBI_AnnualReport_FullDoc.indd 32 2/6/09 10:38:58 Case study Building a global relationship with Accenture

YBI’s relationship with Accenture has The project will create the capacity for the “We understand developed significantly over five years YBI Network to continue to expand rapidly into a multi-faceted collaboration that is for years to come. the importance of providing value to both organisations and supporting young helping the YBI Network increase the number As well as the close liaison between YBI of young entrepreneurs that it supports. and Accenture centrally, the relationship entrepreneurs is also being widened to enable local and believe in Accenture is committed to building skills Accenture offices and individual members that enable people to participate in and of the YBI Network to establish sustainable the way YBI works contribute to the economy. YBI is a good and constructive relationships. through its network fit with Accenture, since YBI’s network of youth business programmes is providing “Accenture’s support of Youth Business of local partners.” budding entrepreneurs with access to International is a central part of our business mentoring and capital, helping corporate citizenship work because we Jill Huntley, Accenture’s them to hone their business skills and understand the importance of supporting Director of Corporate Citizenship build their small enterprises. young entrepreneurs and believe in the way YBI works through its network of local Accenture has acted as an advisor to partners.” says Jill Huntley, Accenture’s YBI since 2004, guiding the strategic Director of Corporate Citizenship. “Working development of the organisation and the with YBI can also provide opportunities for YBI Network. In 2005, this role developed Accenture people all around the world to into direct operational support to enable engage with local communities and use YBI to improve the quality across the our key skills to address the growing network of mentoring initiatives, which challenge of youth employment.” are a core element of the YBI model.

The increasing understanding of the shared goals of the two organisations led to a new phase of activity in 2008. This new project – which will run until 2011 – focuses on expanding coverage while also strengthening the existing network of programmes and increasing community awareness and participation.

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YBI_AnnualReport_FullDoc.indd 33 2/6/09 10:38:58 Organisation, governance and accountability

Statement of trustees’ responsibilities in respect of the financial statements

Charity law requires the trustees to prepare Company Status Internal Controls financial statements for each financial YBI is a company limited by guarantee The trustees have overall responsibility year which give a true and fair view of the and was established on 31 March 2008, for ensuring that the Charity has an state of affairs of the company and of the and a registered Charity. It is governed appropriate system of control, financial surplus or deficit of the company for that by its Memorandum and Articles of and otherwise. They are responsible for period. In preparing those accounts, the Association dated 5 March 2008. keeping proper accounting records which trustees are required to: disclose with reasonable accuracy at any Structure of Youth Business time the financial position of the Charity • Select suitable accounting policies and International and enable them to ensure that the then apply them consistently; The governing body of the Charity is Financial Statements comply with the • Make judgements and estimates that the Board. The Board meets formally Companies Act 1985. are reasonable and prudent; and four times a year, with significant other • Prepare the accounts on the going ongoing involvement. These systems of internal control are concern basis unless it is inappropriate In addition there are two board committees: designed to provide assurance against to presume that the company will • Accreditation Committee material misstatement or loss. They include: continue in business. • Audit Committee 1. A strategic plan, an annual operating plan and an annual budget all approved The trustees are responsible for keeping These committees comprise members by the Board; proper accounting records which disclose of the Board and other individuals with 2. Regular consideration by the Board of with reasonable accuracy at any time the relevant experience. All committees operate financial results and variance from financial position for the company and to under specific terms of reference which budgets; enable them to ensure that the accounts delegate certain functions from the Board. 3. The use of the Audit Committee in comply with the Companies Act 1985. meeting their duties and providing They are also responsible for safeguarding Recruitment processes for new trustees better focus on specific responsibilities; the assets of the company and hence for are in line with The Prince’s Charities 4. Appropriate identification and taking reasonable steps for the prevention and Operating Guidelines. A trustee induction management of risk detection of fraud and other irregularities. session is provided by The Prince’s Charities for all YBI’s trustees. As part of this process, trustees continue to review the adequacy of the Charity’s internal controls. They consider whether controls are sufficient on an annual basis.

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YBI_AnnualReport_FullDoc.indd 34 2/6/09 10:38:58 Risk Management Reserves Policy Equal Opportunities Policy YBI is committed to a risk management Following a review in December 2008 the YBI strives to be an equal opportunities process and accordingly a risk management trustees have confirmed that YBI should employer and applies objective criteria to function is carried out by the Finance have unrestricted free reserves equivalent assess merit. It aims to ensure that no job Director, who reports directly to both the of £0.65m, equivalent to eight months of applicant or employee receives less Audit Committee as well as the Chief unrestricted committed expenditure. They favourable treatment on the grounds of Executive, and ultimately to the Board. have allowed until 31 December 2010 for age, race, colour, nationality, religion, The role ensures that a formal process these to be built up. This is to ensure that ethnic or national origin, gender, marital to assess business risks and implement YBI can continue to operate in times of status, sexual orientation or disability. appropriate risk management strategies substantial income fluctuation or unexpected Selection criteria and procedures are in is carried out on a regular basis. expenditure. The Board reviews and approves place to ensure that individuals are the reserves policy on an annual basis. selected, promoted and treated on the Various types of risks faced by the Charity basis of their relevant abilities and merits. are identified and prioritised in terms of Human Resources their potential impact and likelihood of During 2008 YBI’s staffing increased from Volunteers occurrence. A review of all risks, and progress six full time employees and one part time Youth Business International relies heavily against mitigating these, is completed in March 2008 to 11 full-time employees on the support we get from unpaid biannually by the Executive Directors and two part time. In addition, YBI has volunteers. We have differing levels of comprising of Senior Staff members and greatly benefited from the help of support – ranging from long-term advice their work in turn is reviewed quarterly volunteers, both experienced professionals from professionals experienced in specific by the Audit Committee who report to and interns. areas to short-term internships from the trustees. The Board formally considers students and post-graduates. risk on an annual basis. There will be significant emphasis on training and development during the year In 2008 a significant amount of YBI The Board believes that the Charity’s and a new appraisal system has been volunteers’ time and expertise were internal financial controls conform to good established reflecting this. used to support YBI’s Global Conference, practice and guidelines issued by the helping manage the complex logistics Charity Commission. and content production for the week long series of activities.

In total YBI received the equivalent of 23 months of one person’s time from volunteers in the period April - December 2008.

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YBI_AnnualReport_FullDoc.indd 35 2/6/09 10:38:58 Financial summary

The period ended 31 December 2008 Expenditure Reserves was YBI’s first financial period as an YBI’s total expenditure for the period was The reserves strategy states that YBI independent organisation. £0.84m of which £0.41m unrestricted allows itself up to 31 December 2010 and £0.43m restricted. to build up to the full level of £0.65m on Income unrestricted reserves. As at 31 December YBI’s total income for the period was 2008 the unrestricted reserves of YBI £1.54m of which £0.89m unrestricted was £0.48m, equivalent to six months and £0.65m restricted. of unrestricted committed expenditure, which is slightly above target compared to the level of unrestricted reserves as stated in the reserves policy.

Disclosure of information to the auditors Auditors Approved and signed on behalf of the In the case of each person who was a A resolution to re-appoint the auditors, Board of trustees by: Trustee at the time this report was approved: Nexia Smith & Williamson, will be proposed at the April 2009 Board meeting. • So far as that trustee was aware there was no relevant available information of which the company’s auditors were unaware; and • That the trustee had taken all steps that the member ought to have taken as a trustee to make himself aware of any Sir Malcolm Williamson, Chairman relevant audit information and to establish that the company’s auditors were aware of that information.

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YBI_AnnualReport_FullDoc.indd 36 2/6/09 10:39:01 Independent auditors’ report to the members of The Prince of Wales Youth Business International Ltd

We have audited the accounts of The Prince Our responsibility is to audit the accounts whether the accounting policies are of Wales Youth Business International in accordance with relevant legal and appropriate to the charity’s circumstances, Limited for the 276 day period from regulatory requirements and International consistently applied and adequately incorporation on 31 March 2008 to Standards on Auditing (UK and Ireland). disclosed. 31 December 2008 which comprise the Statement of Financial Activities, the We report to you our opinion as to whether We planned and performed our audit Balance Sheet, the Cash Flow Statement, the accounts give a true and fair view and so as to obtain all the information and and the related notes 1 to 14. These are properly prepared in accordance with explanations which we considered accounts have been prepared under the the Companies Act 1985. We also report necessary in order to provide us with accounting policies set out therein. to you whether the information given in sufficient evidence to give reasonable the Trustees Report is consistent with the assurance that the accounts are free from This report is made solely to the charity’s financial statements. material misstatement, whether caused members, as a body, in accordance with by fraud or other irregularity or error. Section 235 of the Companies Act 1985. In addition we report to you if, in our In forming our opinion we also evaluated Our audit work has been undertaken opinion, the charity has not kept proper the overall adequacy of the presentation so that we might state to the charity’s accounting records, if we have not received of information in the accounts. members those matters we are required all the information and explanations we to state to them in an auditors’ report and require for our audit, or if the information Opinion for no other purpose. To the fullest extent specified by law regarding trustees’ In our opinion the accounts: permitted by law, we do not accept or remuneration and transactions with the • Give a true and fair view, in accordance assume responsibility to anyone other charity is not disclosed. with United Kingdom Generally than the charity and the charity’s members Accepted Accounting Practice, of the as a body, for our audit work, for this We read the Trustees Report and consider state of the charitable company’s affairs report, or for the opinions we have formed. the implications for our report if we become as at 31 December 2008 and of its aware of any apparent misstatements incoming resources and application Respective responsibilities within it. of resources, including its income and of trustees and auditors expenditure, for the period then ended; and The responsibilities of the trustees Basis of audit opinion • Have been properly prepared in (who are also the directors of The Prince We conducted our audit in accordance accordance with the Companies Act of Wales Youth Business International with International Standards on Auditing 1985; and Limited for the purposes of company law) (UK and Ireland) issued by the Auditing • The information provided in the Trustees for preparing the Annual Report and the Practices Board. An audit includes Report is consistent with the accounts. accounts in accordance with applicable examination, on a test basis, of evidence law and United Kingdom Accounting relevant to the amounts and disclosures Standards (United Kingdom Generally in the accounts. It also includes an Accepted Accounting Practice) are set out assessment of the significant estimates in the Statement of Trustees’ Responsibilities. and judgements made by the trustees in Nexia Smith & Williamson the preparation of the accounts, and of Chartered Accountants Registered Auditors

London, 25 Moorgate, EC2R 6AY 14 May 2009

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YBI_AnnualReport_FullDoc.indd 37 2/6/09 10:39:01 Statement of financial activities

(Including income and expenditure account) for the period ended 31 December 2008

Notes Unrestricted (£) Restricted (£) 2008 Total (£)

Incoming resources

Incoming resources from generated funds

Voluntary income

Grants and donations (2, 4) 858,222 650,035 1,508,257

Investment income

Bank interest (2, 4) 10,362 0 10,362

Other incoming resources (2, 4) 22,334 0 22,334

Total incoming resources 890,918 650,035 1,540,953

Resources expended

Costs of generating funds

Costs of generating voluntary income (3) 22,718 4,078 26,796

Charitable activities

Strengthen the operational capabilities of the network (3) 256,261 221,947 478,208

Ensure the quality and performance of the network (3) 9,412 56,019 65,431

Raise resources for the network (3) 16,038 142,925 158,963

Expanding the network to new countries (3) 1,735 0 1,735

Act as an advocate and communicator for the network (3) 92,127 933 93,060

Governance costs (3) 13,024 146 13,170

Total resources expended 411,315 426,048 837,363

Net income for the period and total funds carried forward (11) 479,603 223,987 703,590

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above.

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YBI_AnnualReport_FullDoc.indd 38 2/6/09 10:39:01 Balance sheet

As at 31 December 2008

Notes Unrestricted (£) Restricted (£) 2008 Total (£) Fixed assets Tangible fixed assets (8) 26,059 0 26,059

Investments 0 0 0

26,059 0 26,059

Current assets Debtors (9) 33,655 33,451 67,106 Cash at bank and in hand 513,798 620,573 1,134,372 547,454 654,024 1,201,478

Creditors Amounts falling due within one year (10) (93,910) (430,037) (523,947)

(93,910) (430,037) (523,947)

Net current assets 453,544 223,987 677,531

Net assets 479,603 223,987 703,590

Represented by:

Total funds (11) 479,603 223,987 703,590

The notes at pages 41 to 47 form part of these accounts. The financial statements were approved by the Trustees on 13 May 2009 and were signed on their behalf by:

Sir Malcolm Williamson, Chairman

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YBI_AnnualReport_FullDoc.indd 39 2/6/09 10:39:03 Cash flow statement

For the period ended 31 December 2008

Notes 2008 (£) Net cash inflow from operating activities a) 1,157,031

Returns on investment and servicing of finance Interest received 10,362

Net cash inflow from returns on investments and servicing of finance 1,167,393

Capital expenditure: Payments to acquire tangible fixed assets (33,022)

Net cash outflow from capital expenditure (33,022)

Increase in cash b) 1,134,371

Notes to the Cash flow statement a) Reconciliation of changes in resources to net inflow from operating activities 2008 (£) Net income for the period 703,589 Interest income (10,362) Depreciation 6,963 Increase in creditors 523,947 Increase in debtors (67,106)

Net cash inflow from operating activities 1,157,031

b) Analysis of changes in net funds 2008 (£) Balance brought forward 0 Net cash inflow 1,134,371

Balance carried forward 1,134,371

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YBI_AnnualReport_FullDoc.indd 40 2/6/09 10:39:03 Notes to the financial statements

For the period ended 31 December 2008

1. Accounting policies & convention

The financial statements have been Resources expended Fixed assets prepared under the historical cost convention Resources expended are accounted for on Fixed assets are capitalised where the and in accordance with applicable an accruals basis. Expenditure is allocated purchase price of each individual item costs accounting standards, the Statement to activity categories based on the amount £2,000 or more including VAT. Depreciation of Recommended Practice (SORP), attributable to the activity in the year, has been provided in order to write off the ‘Accounting and Reporting by Charities’ including the cost of generating funds, cost of the assets over their estimated useful published in March 2005 and the charitable activities and services. lives on a straight line basis as follows: Companies Act 1985. Direct costs in these categories are Computer equipment 3 years Incoming resources charged with their share of support costs. Office equipment 5 years All incoming resources are accounted Support costs include central functions for in the Statement of financial activities such as general management, accounting, Depreciation costs are allocated to when the charity is legally entitled to the communication, IT, human resources, activities on the basis of the use of the income, there is reasonable certainty over office rent, general travel, relationship related assets in those activities. Where receipt and the amount can be quantified building and depreciation. All support any assets are impaired in value, provisions with reasonable accuracy. costs items are allocated over the relevant are made to reduce the book value of such categories on the basis of the overall time assets to their recoverable amount. Voluntary income comprises grants spent in these categories. and donations and is recognised in the Pension costs appropriate fund on a receivable basis and The cost of generating funds comprises The charity operates a defined contribution when any conditions for receipt are met. those costs directly attributable to the personal pension scheme. Contribution costs Where donor imposed conditions require fundraising activities of the charity and are charged to the statement of financial that the resource is expended in a future the appropriate allocation of central costs. activities in the year in which they fall due. accounting period, income is recorded as deferred income at the balance sheet date. Governance costs include the Operating leases management of the charity's assets, Operating leases are expensed on a straight Gift aid is included in the accounts based organisational management and line basis over the term of the lease. on amounts recoverable at the balance compliance with constitutional and sheet date. statutory requirements.

Fund accounting Unrestricted funds are used to fulfil the objectives of the organisation at the discretion of the Trustees.

Restricted funds are made up of grants and donations given by donors for specific purposes.

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YBI_AnnualReport_FullDoc.indd 41 2/6/09 10:39:03 Notes to the financial statements

For the period ended 31 December 2008

2. Incoming resources

Unrestricted (£) Restricted (£) 2008 Total (£) Voluntary income Charitable foundations and trusts 730,807 281,944 1,012,751 Corporate donors 49,102 303,624 352,726 Individuals 62,500 3,451 65,951 Multilaterals 15,813 31,016 46,829 Government support 0 30,000 30,000 858,222 650,035 1,508,257

Investment income Bank interest 10,362 0 10,362 10,362 0 10,362

Other incoming resources Exchange rate gain 21,727 0 21,727 Other income 607 0 607 22,334 0 22,334

Total incoming resources 890,918 650,035 1,540,953

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YBI_AnnualReport_FullDoc.indd 42 2/6/09 10:39:03 Notes to the financial statements

For the period ended 31 December 2008

3. Resources expended

a) Analysis of total resources expended

Direct costs (£) Support costs (£) 2008 Total (£)

Costs of generating funds

Costs of generating funds 4,078 22,718 26,796

4,078 22,718 26,796

Charitable activities

Strengthen the operational capabilities of the network 386,449 91,759 478,208

Ensure the quality and performance of the network 56,019 9,412 65,431

Raise resources for the network 142,925 16,038 158,963

Expand the network to new countries 1,735 0 1,735

Act as an advocate and communicator for the network 9,749 83,311 93,060

596,877 200,520 797,397

Governance costs

Governance costs 146 13,024 13,170

146 13,024 13,170

Total resources expended 601,101 236,262 837,363

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YBI_AnnualReport_FullDoc.indd 43 2/6/09 10:39:03 Notes to the financial statements

For the period ended 31 December 2008

b) Analysis of support costs Office,IT,& Travel & Depreciation 2008 Total Staff costs (£) business support relationship (£) (£) (£) building (£)

Costs of generating funds

Costs of generating funds 15,046 6,378 862 432 22,718 15,046 6,378 862 432 22,718

Charitable activities

Strengthen the operational capabilities of the network 60,773 25,761 3,481 1,744 91,759

Ensure the quality and performance of the network 6,234 2,642 357 179 9,412

Raise resources for the network 10,622 4,503 608 305 16,038

Expand the network to new countries 0 0 0 0 0

Act as an advocate and communicator for the network 55,179 23,389 3,160 1,583 83,311

132,808 56,295 7,606 3,811 200,520

Governance

Governance 8,625 3,657 494 248 13,024

8,625 3,657 494 248 13,024

Total support costs 156,479 66,330 8,962 4,491 236,262

Refer to Note 1 resources expended for the method used to allocate support costs.

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YBI_AnnualReport_FullDoc.indd 44 2/6/09 10:39:03 Notes to the financial statements

For the period ended 31 December 2008

4. Independence from IBLF 6. Trustees remuneration

The decision by the International Business Leaders Forum (IBLF) There are six Trustees on the Board of YBI and other than to support YBI in becoming an independent organisation was Andrew Devenport, the Chief Executive, they received no subject to a robust financial position of YBI. At the moment of remuneration and no reimbursed expenses were paid to transfer of funds from IBLF to YBI, both unrestricted and restricted them during 2008. funds were very strong. Following transfer of assets, the financial position of YBI has remained solid during 2008. Andrew Devenport is also a Director and employee of YBI which means that his costs are also included in Note 4 Funds transferred from IBLF to YBI in 2008 were £635,722 Employees. In 2008 he was paid £34,582 in gross salary unrestricted and £424,195 restricted income. These amounts and for work related expenses: were reduced by expenditure of £81,418 owed to IBLF for overheads and project costs. 2008 (£) Travel & subsistence 2,577 Mobile phone calls 1,308 5. Employees Entertainment 566 Office equipment 15 2008 (£) 4,466 Wages and salaries 160,129

Social security 66,044 Pension costs 9,376 7. Net income Other staff costs 6,015 Net income for the period is stated after charging: Volunteer expenses 1,102

242,666 2008 (£) The average number of employees during Depreciation 6,963 the period ended 31 December 2008 was: Auditors’ remuneration 1 Operating lease rentals 15,808 2008 No. Direct charitable activities 5.6 Audit services are provided on a pro bono Management and administration 3.4 basis and a nominal fee of £1 is charged. 9 There were no employees whose emoluments in the period, as defined for taxation purposes, amounted to over £60,000.

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YBI_AnnualReport_FullDoc.indd 45 2/6/09 10:39:03 Notes to the financial statements

For the period ended 31 December 2008

8. Tangible fixed assets 10. Creditors

Fixtures IT Total (£) Creditors 2008 (£) & fittings equipment (£) (£) Trade creditors 107,871 Cost Other creditors 5,929 At 31 March 2008 0 0 0 Taxation and social security 16,941 Additions 10,420 22,602 33,022 Deferred income 393,206 At 31 December 2008 10,420 22,602 33,022 523,947

Deferred income of £393,206 relates to a grant of Accumulated depreciation £491,508 from Accenture which was received in 2008 to cover a project running for 15 months from October 2008, At 31 March 2008 0 0 0 therefore 12/15ths of the income relates to 2009. Charge for the year 1,736 5,227 6,963 At 31 December 2008 1,736 5,227 6,963 11. Statement of funds Net book value At 31 March 2008 0 0 0 Unrestricted Restricted Total (£) At 31 December 2008 8,684 17,375 26,059 funds (£) funds (£) At 31 March 2008 0 0 0 Incoming resources 890,918 650,035 1,540,953 9. Debtors Resources expended (411,315) (426,048) (837,363) Transfers 0 0 0 2008 (£) At 31 December 2008 479,603 223,987 703,590 Other debtors 18,646 Income tax recoverable 12,500 Prepayments and accrued income 35,960 67,106

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YBI_AnnualReport_FullDoc.indd 46 2/6/09 10:39:04 Notes to the financial statements

For the period ended 31 December 2008

12. Share capital 14. Related parties

The company is limited by guarantee and has no share capital. There have been no material related The liability of the members is limited to the sum of £1 per member. party transactions during 2008.

13. Commitments

At 31 December 2008 the company has the following annual commitments under operating lease agreements that expire:

Land and buildings 2008 Office equipment 2008 (£) (£) Less than 1 year 0 0

2-5 years 21,045 2,981

21,045 2,981

Forward rate agreement Youth Business International has a commitment with Cooperative Bank to purchase USD 807,400 between 4 January 2010 and 26 February 2010 for £515,911. The aim of this agreement is to hedge the foreign exchange risk on agreed US Dollar income as part of a 3 year Accenture project.

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YBI_AnnualReport_FullDoc.indd 47 2/6/09 10:39:04 Niccole George and Gareth O'Connor, who set up their pet ambulance service PetMedics with the help of the Enterprise Network for Young Australians.

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YBI_AnnualReport_FullDoc.indd 48 2/6/09 10:39:11 Supporters

We are grateful to the following Global Partners of the YBI Network organisations who gave support The following organisations and individuals have to Youth Business International supported multiple youth business programmes during 2008: during 2008, and we welcome their support in helping young entrepreneurs start up new businesses:

Accenture - Accenture - Microsoft British Asia Trust - Citigroup - PwC Barclays Capital - Deloitte - RBS (ABN AMRO) Clydesdale Bank - Diageo - ScotiaBank Edmond J. Safra Foundation - Ernst & Young - Scotto Trust Elysium Foundation - First Caribbean Bank - Shell European Commission - Willie Haughey - United States Agency for Evolve - Inter-American International Development Grassroots Business Fund Development Bank - UK Government Lovells - International Finance (Department for International Scottish Enterprise Corporation Development, and Foreign Smith & Williamson - KPMG & Commonwealth Office) The Parthenon Trust - McKinsey The Loomba Trust - Mackintosh Foundation The McCabe Foundation - Banking on the Young The Scottish Government

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Argentina Australia Barbados Fundación Impulsar Enterprise Network for Young Barbados Youth Business Trust Australians Fundación Impulsar is an independent Barbados Youth Business Trust has been NGO supported by leading Argentinean ENYA is a not-for-profit public company working since its establishment in 1996 businesses. It was established in 1999 founded in 2002 by three young people to improve social and economic conditions and became an accredited youth business to support and promote Australian youth by providing start-up loan capital, business programme in 2002. Fundación Impulsar enterprise. It became an accredited youth mentoring and other business and is headquartered in Buenos Aires but business programme in September 2008. social support to young entrepreneurial has a nationwide presence with regional people. BYBT is a founding member of offices in Tartagal, Salta, Tucuman, ENYA has successfully developed four the YBI Network. Mendoza, San Luis, Cordoba and Puerto programme’s since its construction with San Julian and Misiones in 2009. support of the Australian government, Key facts including a web-based learning point Number of entrepreneurs supported since Key facts of business resources, available free of programme established: – business Number of entrepreneurs supported charge to the public. start-ups 319; business mentoring/ since programme established: 697 referrals – 2,200; training – 4,400 Number of entrepreneurs Key facts Number of entrepreneurs supported in supported in 2008: 236 Number of entrepreneurs supported 2008: 27 start-up businesses, another 50 Number of mentors in 2008: 255 since programme established: 43 in business mentoring/business support Number of entrepreneurs supported Number of mentors in 2008: 15 new ones Contact details in 2008:11 recruited in 2008 and 125 active in total Chairman - Alejandro Pineda Number of mentors in 2008: 15 CEO - Eleonora Nobile Contact details Contact details Executive Director - Marcia Brandon Fundación Impulsar Chairman - Daniel Clarke Chairman - David Clarke Av L.N. Alem 661 Piso 1 (C1001AAB), Programme Manager - Chris Hamilton Buenos Aires Barbados Youth Business Trust Argentina ENYA Ltd Unit 1A, Building #6 PO Box 100 Harbour Industrial Estate T: +54 11 4312 4606 Blakehurst NSW St. Michael, Barbados E: [email protected] Australia 2221 www.fundacionimpulsar.org.ar T: +1 246 228 2772 T: +61 2 8765 4159 E: [email protected] Key supporters E: [email protected] www.youthbusiness.bb Accenture www.enya.org.au BG Argentina Key supporters Deloitte Key supporters British High Commission Diageo Australian Government Citicorp HSBC AusIndustry Esso Barbados Zurich Argentina National Australia Bank FirstCaribbean International Bank Government of Barbados Inter-American Development Bank

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YBI_AnnualReport_FullDoc.indd 50 2/6/09 10:40:11 Belize Bolivia Canada Youth Business Trust Belize Innova Emprendimientos Sociales Canadian Youth Business Foundation

Youth Business Trust Belize is managed INNOVA was founded in 2006 following The Canadian Youth Business Foundation by a not-for-profit board under the a meeting between Bolivia’s Fundación (CYBF) is a national charity dedicated to chairmanship of Shaun Finetty and Emprender and Argentina’s Fundación growing Canada’s economy one young a not-for-profit board of Patrons under Impulsar. It operates within Fundación entrepreneur at a time. Founded in 1996, the chairmanship of Dean Boyce. The Emprender, and became an accredited CYBF has invested to date in more than organisation became an accredited youth youth business programme of the YBI 2,900 young entrepreneurs, whose business programme in the YBI Network Network in 2008. INNOVA has the strong businesses have created more than in 2008, and has been supported by the support of ICCO, Emprender Foundation, 15,500 new Canadian jobs and have British High Commission, the Youth Start and institutional sponsorship of Autapo generated more than C$72 million in tax Plan Fund, UNDP, Scotto Trust, Belize Foundation, Mayor´s office of Sucre, revenue. Through CYBF’s national network Telemedia and the Inter-American Cerámica Guadalquivir and Fundación of community partners, it is able to deliver Development Bank. YBTB has also forged AVINA and covers the regions a programme coast to coast with more close relationships with other youth of Tarija, Santa Cruz and Sucre. than 2,600 volunteers across Canada. business organisations in the Caribbean and Latin America. Key facts Key facts Number of entrepreneurs supported Number of entrepreneurs supported Key facts since programme established: 36 since programme established: 2,900 Number of entrepreneurs supported Number of entrepreneurs supported Number of entrepreneurs supported since programme established: 31 in 2008: 22 in 2008: 555 Number of entrepreneurs supported Number of mentors in 2008: 13 Number of mentors in 2008: 466 in 2008: 19 Number of mentors in 2008: 41 Contact details Contact details Executive Director - Álvaro Bazán Chief Executive Officer - Vivian Prokop Contact details Programme Manager - Sergio Pantoja Senior Vice President & Chief Operating Programme Director - Dionne Miranda Officer - Terry Campbell Chamberlain INNOVA Chairman - Shaun Finnetty Fundación Emprender Canadian Youth Business Foundation Calle La Madrid 472 100 Adelaide Street West, Suite 1410 Youth Business Trust Belize Barrio El Molino, Tarija, Bolivia Toronto, Ontario, Canada, M5H 1S3 Dooney Building, 2nd Floor Suite 3 57 Albert Street, Belize City, Belize T: +591 466 38623 T: +1 416 408 2923 E: [email protected] E: [email protected] T: +501 227 1356 [email protected] www.cybf.ca E: [email protected] www.emprender.org www.youthbusiness.bz Key supporters Key supporters Alberta Government Key supporters Consultora APT CIBC (founding partner) Belize Telemedia Ltd Empresa Petrolera Chaco Industry Canada British High Commission Fundación AVINA Ontario Government Inter-American Development Bank Fundación Impulsar Quebec Government Peace Corps INEGAS RBC Foundation (founding partner) Scotto Trust Universidad Privada Domingo Savio

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China Colombia England, Northern Youth Business China Fundación Jóvenes Ireland and Wales Empresarios de Colombia The Prince’s Trust Initiated by the All-China Youth Federation (ACYF), the Ministry of Labour and Social JEMCOL was launched in 2003 to address The Prince’s Trust is a UK charity that Security, the All-China Federation of the problem of 30% unemployment helps young people overcome barriers and Industry and Commerce, and other agencies rate among young people in Colombia. get their lives working. Through practical in November 2003, Youth Business China JEMCOL is part of Fundación Mario Santo support including training, mentoring and (YBC) is a non-profit programme aiming to Domingo (FMSD), a private, non-profit financial assistance, it helps 14-30 year promote youth entrepreneurship. By taking organisation dedicated to developing olds realise their potential and transform the YBI model and mobilizing resources from programmes for the poorest sections their lives. all social sectors, in particular the business of the population. It now operates in community, YBC provides business Bogotá and Cartagena. The Prince’s Trust focuses its efforts on mentoring, seed money, skills training and those who have struggled at school, been network support to young entrepreneurs. Key facts in care, been in trouble with the law, or are Number of entrepreneurs supported long-term unemployed. It was founded in Key facts since programme established: 180 1976 by The Prince of Wales. Number of entrepreneurs supported Number of entrepreneurs supported since programme established: 605 in 2008:104 Key facts Number of entrepreneurs supported Number of mentors in 2008: 80 Number of entrepreneurs supported in 2008: 395 since programme established: 73,000 Number of mentors in 2008: 1,100 Contact details Number of entrepreneurs supported Executive Director - in 2008: 2821 Contact details Luz Marina Chartuni Gallardo Number of mentors in 2008: 4,500 Chief Executive - Gu Liping Chairman - Project Director - Zou Shujun (Rick) Pablo Gabriel Obregón Santo Domingo Contact details Senior Head of Programmes - John Scott Youth Business China, Fundación Jóvenes Empresarios de Head of National Business Programme - Rm 505, Building No.8, Colombia Sophie Beesley Beijing Friendship Hotel, Calle 70ª No 7-81 1# of Zhongguancun South Street, Bogotá, Colombia The Prince’s Trust Beijing 100873, China 18 Park Square East T: +571 607 0707 London, NW1 4LH UK T: +86 10 6848 6670 E: [email protected] E: [email protected] www.jemcol.org.co T: +44 20 7543 7435 www.ybc.org.cn E: [email protected] Key supporters www.princes-trust.org.uk Key supporters Baker and Mckenzie Accenture Foundation Corvivienda Key supporters China Central Television (CCTV) Fundación Hernán Echavarria Balfour Beatty China Hewlett-Packard Company Fundación Mamonal British Energy China Telecom Fundación Mario Santa Domingo Cunard Nokia (China) Investment Company Fundación Restrepo Barco Royal Bank of Scotland The McCabe Foundation - Strathmore Banking on the Young Superdrug

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YBI_AnnualReport_FullDoc.indd 52 2/6/09 10:40:12 Guyana Hong Kong India Guyana Youth Business Trust Youth Business Hong Kong Bharatiya Yuva Shakti Trust

GYBT is a micro-finance programme set Youth Business Hong Kong was launched BYST, a non-profit organisation was set up up in 2000. GYBT has provided loans in in July 2005 and became an accredited in 1992 primarily to help disadvantaged each of Guyana’s ten administrative youth business programme in the YBI Indian youth to develop business idea’s regions and assists men and women to Network in October 2006. The programme into viable enterprises with the guidance develop sustainable livelihood though covers the whole of the Hong Kong region, and support of a mentor. In the span of enterprise. The agency provides and operates as part of the Hong Kong over 15 years BYST has helped young individuals with financing, typically to Federation of Youth Groups. YBHK’s vision people in Delhi, Rural Haryana, Chennai, a maximum value of US$4,000, and is “Another Choice. Another Opportunity”. Pune, Hyderabad and Rural Maharashtra. business counselling. GYBT also aims to expand its focus to the provision of market Key facts Key facts facilitation for its clients and advice on Number of entrepreneurs supported Number of entrepreneurs supported product development. since programme established: 90 since programme established: 1,788 Number of entrepreneurs supported Number of entrepreneurs supported Key facts in 2008: 21 in 2008: 254 Number of entrepreneurs supported Number of mentors in 2008: 140 Number of mentors in 2008: 3,000 since programme established: 697 Number of entrepreneurs supported Contact details Contact details in 2008: 93 Unit-In-Charge - Cheung Chi-wai Chairman - Mr. Rahul Bajaj Number of mentors in 2008: 348 Development Officer - Miranda Ho Chairman & MD, Bajaj Auto Ltd Founder Trustee & CEO - Contact details Youth Business Hong Kong Ms Lakshmi V. Venkatesan Chairman - Yesu Persaud 3/F, Commercial Complex Manager - Everton Joseph Clague Garden Estate Bharatiya Yuva Shakti Trust Hoi Sing Road c/o Confederation of Indian Industry Guyana Youth Business Trust Tsuen Wan 23 Institutional Area, Lodi Road 254 South Road, Bourda, Hong Kong New Delhi - 110 003, India Georgetown, Guyana T: +852 3113 7999 T: +91 11 2463 1569 T: +592 646 6560 F: +852 3170 6173 E: [email protected] E: [email protected] E: [email protected] www.bystonline.org

Key supporters Key supporters Key supporters Inter-American Development Bank Association of Chartered Certified American International Group (AIG) Institute of Private Enterprise Development Accountants (ACCA) Bajaj Auto DLA Piper Confederation of Indian Industry (CII) Dragon Junior Chamber Diageo KPMG Escorts Ltd McKinsey & Company, Inc. Hong Kong Godrej Group Rotary Club of New Territories Tata Group

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Israel Kenya México Keren Shemesh Foundation Kenya Youth Business Trust Jóvenes Empresarios por México

The Keren Shemesh Foundation was Kenya Youth Business Trust was founded Jóvenes Empresarios por México, A.C. founded in December 2005 by the in 2004 to help tackle the issue of youth (JEMAC) is a not-for-profit organisation Edmond J. Safra Philanthropic Foundation unemployment, and became an accredited which helps young people set up their in Switzerland and the Rashi Foundation youth business programme in 2005. KYBT own businesses. JEMAC works with young in Israel. Keren Shemesh became an was launched in Nairobi but has since Mexicans between 18 and 35 years to accredited youth business programme in expanded to Mombasa. KYBT produced start their own business through three 2007. The Keren Shemesh Foundation is the 2006 Entrepreneur of the Year. services – training, mentoring and loan a privately funded NGO aiming to assist finance. Today JEMAC´s operations are young entrepreneurs. Key facts located in three regions: México City, Number of entrepreneurs supported Guadalajara and Monterrey. Key facts since programme established: 101 Number of entrepreneurs supported Number of entrepreneurs supported Key facts since programme established: 456 in 2008: 9 Number of entrepreneurs supported Number of entrepreneurs supported Number of mentors in 2008: 102 since programme established: 2,300 in 2008: 194 Number of entrepreneurs supported in Number of mentors in 2008: 170 Contact details 2008: 116 Chairman - Graham Shaw Number of mentors: 370 Contact details Executive Manager - David Waithaka Chairman - Pr. Moshe Many Contact details CEO - Rael Goodman Kenya Youth Business Trust Board Chairman - Second floor, Olaf Carrera, Business Affairs, BP México The Keren Shemesh Foundation Amref Kenya Country Office, Executive President / Programme for Young Entrepreneurs Wilson Airport Manager - Andrés Rodríguez de la Torre Rose House PO Box 5531-00200 NRB 18 Yosef Kairo 2nd Floor Nairobi, Kenya Jóvenes Empresarios por México Tel Aviv, Israel Esteros No. 38 T: +254 20 602186 Col. Las Águilas T: +972 3 561 3343 E: [email protected] C.P. 01710, México, D.F. E: [email protected] México www.keren-shemesh.org.il Key supporters CFC Stanbic T: +52 55 2455 43 82 / 83 Key supporters Ernst & Young E: [email protected] / [email protected] Bank Otsar Ha-hayal Islamic Development Bank www.jemac.org Edmond J. Safra Philanthropic Foundation Loomba Trust Koret Israel Economic Development Funds Safaricom Key supporters (KIEDF ) The Indemnity Club BP México Ministry of Defence - Inter-American Development Bank Discharged Soldiers Department Manpower Ministry of Industry, Trade & Labour Israel Merrill Lynch Foundation Small & Medium Enterprises Authority Nafin Rashi Foundation Secretaria de Economia

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YBI_AnnualReport_FullDoc.indd 54 2/6/09 10:40:12 Nigeria Saudi Arabia Scotland Youth Business Initiative Nigeria The Centennial Fund The Prince’s Scottish Youth Business Trust Youth Business Initiative Nigeria was The Centennial Fund was established in founded in 2000 to address the issue of 2004 and was the first Middle Eastern The aim of The Prince’s Scottish Youth youth unemployment, poverty and job youth business programme in the YBI Business Trust is to provide essential finance creation. It is a non-governmental business Network. It has national coverage in Saudi and professional support to young people organisation registered with the Corporate Arabia but focuses 70% of its resources in Scotland aged 18-25, whoever they are Affairs Commission in May 2001, and in rural areas and the smaller cities. and wherever they come from, so that they YBIN’s programmes are delivered within The Centennial Fund is an ISO 9001:2000 can set up and run their own businesses. Lagos State. In 2008, Nigerian poultry certified organisation and was accredited The Trust has particular concern for the farmer Elijah Daramola was a finalist in by YBI in March 2006 in the presence of disadvantaged. PSYBT was founded in YBI’s Entrepreneur of the Year competition. HRH The Prince of Wales. 1989 and has a network of 18 regional offices throughout Scotland helping to Key facts Key facts change the future for young entrepreneurs. Number of entrepreneurs supported Number of entrepreneurs supported since programme established: 127 since programme established: 1,520 Key facts Number of entrepreneurs supported Number of entrepreneurs supported Number of entrepreneurs supported in 2008: 25 in 2008: 1,040 since programme established: 10,723 Number of mentors in 2008: 40 Number of mentors in 2008: Number of entrepreneurs supported 2,000 volunteers were recruited in 2008: 688 Contact details Number of mentors in 2008: 600 Chairman - Chief Emeka Anyaoku Contact details Initiator Trustee - Mrs Alero Okotie-Eboh Chairman – HRH Prince Abdulaziz Al Saud Contact details Jadesimi Chief Executive Officer – Hesham A. Chairman - Shonaig Macpherson CBE FRSE Chief Executive Officer - Ms Ejide Ukelonu Tashkandi Chief Executive - Mark Strudwick CBE

Youth Business Initiative Nigeria The Centennial Fund The Prince's Scottish Youth Business Trust 29 Moloney Street PO Box 231265 15 Exchange Place Obalende Riyadh 11321 Glasgow G1 3AN Lagos Saudi Arabia Scotland Nigeria T: +966 1 278-5998 T: +44 141 248 4999 T: +234 1 743 0044 E: [email protected] E: [email protected] E: [email protected] www.tcf.org.sa www.psybt.org.uk www.ybinigeria.org Key supporters Key supporters Key supporters Chambers of Commerce - in 19 different BT Scotland Accenture Nigeria cities Martin Currie Caring Chemistry Ltd Dallah Albarakah Group Microsoft LADOL Investment Boards – in 5 different cities Scottish Enterprise Lagos State Government Saudi Arabian General Investment Royal Bank of Scotland SAIO Authority (SAGIA) The Wood Family Trust 1st Zenith Saudi Credit & Saving Bank

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South Africa Sri Lanka Syria Umsobomvu Youth Fund Youth Business Sri Lanka BIDAYA

Umsobomvu Youth Fund was established In 2007 Youth Business Sri Lanka was BIDAYA (Boosting and Inspiring in January 2001 by the South African formed with the leadership of the Ceylon Dynamic Youth Achievement) which Government to facilitate and promote the Chamber of Commerce and the Hambantota means “beginning” in Arabic, was founded creation of jobs and skills development District Chamber of Commerce (HDCC). It by the First Lady of Syria, HE Mrs Asma among young South Africans aged 18 – was developed as a result of the success al-Assad, and became a licensed private 35 years. Between 2000 and 2006 YBI of the Hambantota Youth Business Trust foundation in June 2006. The programme worked with the Nations Trust, which has (HYBT), an entrepreneur support now operates in Damascus, Aleppo, and now merged with UYF. programme which started operations Deir Azzor and has been accredited as a in 1997 with the backing of HDCC. member of YBI twice since its establishment. Key facts Number of entrepreneurs supported since Key facts Key facts programme established: 1,728 young Number of entrepreneurs supported since Number of entrepreneurs supported people have received mentorship support programme established (up to 31st Dec since programme established: 150 Number of entrepreneurs supported in 2008): 400 Number of entrepreneurs supported 2008: 166 small and medium loans Number of entrepreneurs supported in 2008: 55 issued and 142 entrepreneurs received in 2008: 115 Number of mentors in 2008: 313 one-on-one mentoring Number of mentors in 2008: 85 Number of mentors in 2008: 186 Contact details Contact details Chairman - Fadi Sarkis Contact details Chairman - Mr J. D. Bandaranayake CEO - Rana Shanawani CEO - Malose Kekana National Programme Manager - Director, Partnerships - Mzwabantu Mr Sujeewa Ratnakumara BIDAYA Ntlangeni Founder Trustee, YBSL - Mr Azmi Thassim PO Box 13301 Damascus Umsobomvu Youth Fund YBSL Secretariat, Syria PO Box 982, Halfway House 1685, Ceylon Chamber of Commerce South Africa 50 Nawam Mawatha, T: +963 11 333 2002 Colombo 02, Sri Lanka E: [email protected] T: +27 11 651 7000 www.bidaya.org.sy E: [email protected] T: +94 011 5588884 Call Centre: 08600 96884 F: +94 011 2449352 Key supporters www.youthportal.org.za E: [email protected] Orient Club Shell Key supporters Key supporters Syria Trust for Development First National Bank The Ceylon Chamber of Commerce Syrian State Planning Commission Massmart Hambantota District Chamber of The Royal Netherlands Embassy MTN Commerce United Nations Development Programme Nestlé South Africa International Alert Old Mutual International Labour Organization South African Government International Youth Foundation Ministry of Youth Affairs

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YBI_AnnualReport_FullDoc.indd 56 2/6/09 10:40:12 Trinidad and Tobago Ukraine Uruguay Youth Business Trinidad Youth Business Ukraine Emprecrea and Tobago Youth Business Ukraine was founded in Emprecrea was developed by Kolping Youth Business Trinidad & Tobago (YBTT) 2006 by Action Donbass, a local project Uruguay in 2005, as a programme was founded in 2000, with the first loan sponsored by the UK Government’s specifically designed to help disadvantaged being approved in January 2001. The Department for International Development but enterprising young people who lack programme seeks to increase economic (DFID), and operates within a local opportunities. Kolping Institution was opportunities and generate income for association, Socio-Economic Strategies established in Uruguay in 1985 and is economically disadvantaged young people and Partnerships (SESP). YBU was piloted a social Catholic organisation, part of interested in becoming entrepreneurs. in Donbass (Luhansk and Donetsk Kolping International. Emprecrea became regions), and became an accredited an accredited youth business programme Key facts youth business programme in 2007. in 2007, and currently operates in three Number of entrepreneurs supported cities within Uruguay. since programme established: 147 Key facts Number of entrepreneurs supported Number of entrepreneurs supported Key facts in 2008: 24 since programme established: 96 Number of entrepreneurs supported Number of mentors in 2008: 35 Number of entrepreneurs supported since programme established: 40 in 2008: 82 Number of entrepreneurs supported Contact details Number of mentors in 2008: 87 in 2008: 14 Chairman – Richard P. Young Number of mentors in 2008: 20 Executive Director – Garland Samuel Contact details Chairman - Natalya Lapardina Contact details Youth Business Trinidad and Tobago Programme Manager - Programme Manager / Director - Room 1, First Floor Royal Plaza Tetyana Gladysheva Roxana Gaudio 16 - 18 Main Road Chairman / President - Jorge Enriquez Chaguanas Youth Business Ukraine Trinidad and Tobago Pushkina blvd 13 Emprecrea Uruguay Donetsk 83001 Kolping Uruguay T:/F: +1 868 665 8621 Ukraine Gral. Palleja 2590 – CP 11.800 E: [email protected]; [email protected] Montevideo www.ybtt.org T: +38 062 381 3291 Uruguay E: [email protected] Key supporters www.sesp.org.ua T: +598 2 203 46 07 Arthur Lok Jack Graduate Business School E: [email protected] Atlantic LNG Company Trinidad and Key supporters www.kolping.org.uy Tobago Donetsk Oblast Employment Centre Inter-American Development Bank Donetsk Regional Council Key supporters Neal and Massy Foundation Lugansk Regional Council Federal Ministry for Economic Cooperation Republic Bank UK Department for International and Development The TSL Group Development (DFID) Flores Local Government Ukrcommunbank Inter-American Development Bank San Jose Local Government Stock Exchange of Uruguay Universidad Católica del Uruguay

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Bangladesh Brazil Bulgaria Bangladesh Youth Enterprise Conexão Youth Business Bulgaria Advice & Helpcentre Conexão was set up in 2007 and is a joint Youth Business Bulgaria is part of Junior B’Yeah is a not-for-profit organisation and venture between two organisations; the Achievement, the world’s oldest, largest was established in 2007, with the aim of Committee for the Democratization of and fastest-growing non profit economic supporting young Bangladeshis who want Information Technology (CDI), which uses education organisation. Youth Business to start their own business and to enable technology to help social mobility and Bulgaria started in 2006 as a partnership them to realise their dream of becoming Rede Cidadã, which creates training with The Balkan Children and Youth successful entrepreneurs. B’Yeah has been and job opportunities for young people. Foundation, and became a pilot registered under the Bangladeshi Societies programme of the YBI Network in 2008. Registration Act 1860 with the Registrar The partnership with Youth Business of Joint Stock Companies and Firms. International was launched in March Key facts 2009 following a visit from HRH The Number of entrepreneurs supported Contact details Prince of Wales. The initiative will help since programme established: 10 Executive Director - Rubaiya Ahmad young entrepreneurs get started up in Number of entrepreneurs supported Chairman - Abdul-Muyeed Chowdhury business in Rio de Janeiro, São Paulo in 2008: 10 and Belo Horizonte. Number of mentors in 2008: 4 Bangladesh Youth Enterprise Advice and Helpcentre (B'Yeah) Contact Details Contact details Apartment A-3, House # 15, Executive Director - Mr Fernando Alves CEO - Milena Stoycheva Road 12, Block F, Programme Manager - Mrs Ana Flavia Programme Manager - Maria Yankova Niketan, Dhaka-1212 Avenida do Contorno, Youth Business Bulgaria Bangladesh nº 7962, Pilotis, Lourdes Junior Achievement Bulgaria CEP 30 110-062 1 Hristo Belchev Str, Fl. 4, Apt. 7 T: + 880 2 01718 643497 Belo Horizonte 1000 Sofia E: [email protected] Minas Gerais Bulgaria

T: +55 31 3291 1067 T: +35 9 989 4361 E: [email protected] / E: [email protected] [email protected] www.jabulgaria.org

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YBI_AnnualReport_FullDoc.indd 58 2/6/09 10:40:12 Dominica Ghana Hungary Dominica Youth Business Trust Youth Business Ghana Életpálya Foundation

The Dominica Youth Business Trust was Youth Business Ghana is helping to The Életpálya Foundation was founded launched in 2004, to invest in young build a sustainable future by pioneering in 1993 with the financial help of Shell entrepreneurs who have a dream of being grassroots enterprise development as Hungary and the Millennium Foundation, self-employed but not the means to make a solution to youth unemployment and and has been running a programme to it a reality. DYBT delivers its programme in poverty in Cape Coast. YBG receives its support young entrepreneurs since 2000. urban training areas in Dominica but support from the private sector and donor At present Életpálya operates in Budapest meets the transportation and meals costs organisations, and was launched in June and other locations in Hungary. to help out with those from rural areas. 2006 at the residence of the British High Commissioner. Key facts Key facts Number of entrepreneurs supported Number of entrepreneurs supported Key facts since programme established: 67 since programme established: 152 Number of entrepreneurs supported Number of mentors in 2008: 7 Number of entrepreneurs supported in since programme established: 25 2008: 11 trained under Small Business Number of entrepreneurs supported Contact details Assistance Facility in 2008: 10 Programme Manager – Dora Darazs Number of mentors in 2008: 47 Number of mentors in 2008: 7 Chairman – Peter Szirmai

Contact details Contact details Életpálya Alapítvány Chairman - Ronald Jon Baptiste Programme Manager - John Akwesi Amoah Balázs Béla u. 18 Programme Coordinator - John Roach Patron - Osabarima Kwesi Atta II, Budapest 1094 Enterprise Development Officer - Paramount Chief of Oguaa Traditional Area Hungary Samantha Royer Youth Business Ghana T: +36 1 217 1449 Dominica Youth Business Trust Oguaa Business Incubator Building E: [email protected] 3 Charles Avenue, Goodwill Commercial Street www.eletpalya.hu Commonwealth of Dominica Box AD1165 Cape Coast Key supporters T: +767 266 3768 / 245 0297 Ghana Accenture Hungary E: [email protected] The Hungarian Foundation for Enterprise T: +233 42 35675 Promotion Key supporters E: johankia@gmail Shell Hungary AID Bank [email protected] Commonwealth Secretariat (Commonwealth Youth Programme) Key supporters Cooperative Credit Unions Barclays Bank Ghana Ltd Government of Dominica British High Commission National Development Foundation of Fairgreen Ghana Ltd Dominica The Business School, University of Cape Organization of American States Coast

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Indonesia Jamaica Nepal Young Entrepreneurs Start-Up Jamaica Youth Business Trust Nepal Youth Business Foundation

The Young Entrepreneur Startup (“YES”) JYBT is a non-governmental organisation With a dream to tackle the critical issue commenced on July 1st, 2003 as a which became fully operational in August of youth unemployment, the Nepal component of the Indonesia Business Link’s 2008. It is registered as an independent, Youth Business Foundation was created private sector response to the issue of youth private not-for-profit entity. Since fully in June 2004 by the Federation of employment in Indonesia. As an early resuming operations in 2008, it has Nepalese Chambers of Commerce and programme within the larger UN initiated supported five entrepreneurs in a variety Industry (FNCCI) and the Nepalese Young International Youth Employment Network of industries, with loan applications Entrepreneurs Forum (NYEF). The programme in Indonesia, the YES Program was jointly in progress for another ten potential currently operates in Kathmandu. initiated by Shell, Standard Chartered Bank, beneficiaries, based in both rural and urban McKinsey & Company, Yayasan Progressio areas across the island. One significant Key facts Indonesia and IBL. milestone for JYBT is the setting up of a Number of entrepreneurs supported new office including accommodation for since programme established: 15 Key facts a training and resource centre for young Number of entrepreneurs supported Number of entrepreneurs supported entrepreneurs; JYBT is in discussion with in 2008: 4 since programme established: 62 partners to fully equip the facility in order Number of mentors in 2008: 17 Number of entrepreneurs supported to better serve its loan beneficiaries. in 2008: 77 Contact details Number of mentors in 2008: 30 Contact details Chairperson - Saurabh Jyoti Chairman - David Clarke Executive Coordinator - Reshma Vaidya Contact details General Manager - Angela Whyte Executive Director - Yanti Koestoer Nepal Youth Business Foundation (NYBF) Programme Manager - Mohamad Fahmi Jamaica Youth Business Trust FNCCI Building, PO Box 269 22 Melmac Avenue, 2nd Floor Pachali Shahid Shukra Young Entrepreneurs Start-Up Programme Kingston 5. FNCCI Milan Marg Indonesia Business Links Jamaica Teku, Kathmandu, Nepal Menara Kartika Chandra 7th floor Jl Jend Gatot Subroto kav 18-20 T: +876 929 0748 T: +977 1 426 2061 Jakarta 12930 Indonesia E: [email protected] E: [email protected]

T: +62 21 520 2530 or 5202533 Key supporters Key supporters F: +62 21 522 3524 FirstCaribbean International Bank Federation of Nepalese Chambers E: [email protected] Foundation of Commerce & Industry [email protected] Ministry of Youth Jyoti Group www.ibl.or.id/yes Madan Puraskar Pustakalaye Key supporters Nepal Investment Bank Accenture Nepalese Young Entrepreneurs Forum British Council Vaidya’s Organisation of Industries British Embassy – Jakarta and Trading House Diageo Foundation Indonesia Business Links IFC GBI

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YBI_AnnualReport_FullDoc.indd 60 2/6/09 10:40:12 Philippines Poland Russia Philippine Youth Business Youth Business Poland Youth Business Russia Foundation Youth Business Poland was launched in Youth Business Russia (YBR) is The Philippine Youth Business Foundation 2006, and now operates as part of the being implemented by a partnership was founded in 2003 as a partnership British Polish Chamber of Commerce’s between the Russian branch office of the between the International Labour Foundation FIT. Youth Business Poland International Business Leaders Forum, Organization, Youth Business helps young entrepreneurs get started ABN AMRO (now the Royal Bank of International and the private sector. up in business and through a partnership Scotland), and British non-governmental with the Polish Governmental Bank, BGK, development agency Oxfam. YBR started Key facts is able to provide low-interest loans to in 2007 in Kaluga by issuing loans with Number of entrepreneurs supported young entrepreneurs. the support of the non-bank depository since programme established: 18 and credit organization Women’s Key facts Microfinancial Network (NDCO WMN). Contact details Number of entrepreneurs supported From May 2009 the programme will Chairman - Mike Wootton since programme established: 9 expand to the Kaluga region and Programme Manager - Maria Elena Balasi Number of entrepreneurs supported in Voronezh region. 2008: 24 but only with mentor’s support Philippine Youth Business Foundation (no financing) Key facts Unit 903 Page 1 Building Number of entrepreneurs supported 1215 Acacia Avenue Contact details since programme established: 10 Madrigal Business Park Chairman - Martin Oxley Number of entrepreneurs supported Ayala Alabang Programme Manager - Kamila Kaszkiel in 2008: 5 Muntinlupa City 1780 Number of mentors in 2008: 5 Philippines Youth Business Poland Ul. Fabryczna 16/22 Contact details Telefax: +632 842 9334 / +63 918 00-446 Warszawa Programme Manager - Boris Tkachenko 9125502 Poland E: [email protected] Youth Business Russia [email protected] T: +48 22 652 17 47 ext. 149 International Business Leaders Forum, E: [email protected] Office 9, Mamonovsky per. Key supporters www.fit.org.pl Moscow 123001, Russia Enderun Colleges Langogan Holdings Corp Key supporters T: +7 495 974 14 21 TVI Resource Development (Phils) Inc A4E Polska E: [email protected] Kreacjapro www.iblf.ru Lewiatan Lovells Key supporters Miasteczkomultimedialne International Business Leaders Forum SYSCO Oxfam Royal Bank of Scotland (ABN AMRO) Women’s Microfinance Network (NDCO WMN)

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YBI_AnnualReport_FullDoc.indd 61 2/6/09 10:40:12 The YBI Network Pilot programmes

Singapore Uganda Youth Business Singapore Uganda Youth Business Trust

Youth Business Singapore is part of The Uganda Youth Business Trust was Heartware Network, which is a charitable founded by HRH The Prince of Wales in youth organisation set up in 2000. November 2007. To date, the programme Beyond educational outreach and training has delivered training to 150 potential in Singapore, Youth Business Singapore entrepreneurs in five different slums has strategic partnerships with Saudi within the Kampala area. Arabia, China and India to establish a regional learning hub for the sharing of ideas. Key facts UYBT has focused on developing outreach Key facts and training to date, but it plans to Renowned US entrepreneur Dean Kamen support up to 20 entrepreneurs in 2009. is the Patron of Youth Entrepreneurship. Contact details Contact details Programme Manager – Francis Karemera National Programme Director - Raymond Huang Uganda Youth Business Trust Plot 55 Kiira Road Youth Business Singapore Kamwokya 9 Bishan Place PO Box 27405 05-01 Junction 8, Office Tower Kampala, Uganda Singapore 579837 T: +256 (0)312 106 996 T: +65 97 336 863 E: [email protected] E: [email protected] www.youthbizsg.org Key supporters Citibank Ltd Key supporters East Africa Fine Coffee Association Ad Trekker Pte Ltd MTN Communications (Uganda) Ltd Aksaas Pte Ltd Shell (Uganda) Ltd Apex-Pal International Uganda National Chamber of Commerce Infowave Pte Ltd United Way International Singapore Business Federation

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YBI_AnnualReport_FullDoc.indd 62 2/6/09 10:40:20 Qussai Kiwan, a Syrian entrepreneur who was supported by BIDAYA.

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YBI_AnnualReport_FullDoc.indd 63 2/6/09 10:40:46 People Board of trustees

Chair: Sir Malcolm Chief Executive John Downie Williamson Officer: Andrew John is a senior Malcolm is Devenport partner in Accenture’s Chairman of Andrew is the Chief London office. Clydesdale Bank, Executive Officer He specialises in National Australia of The Prince’s strategy and Group Europe, Youth Business organisational Signet Jewelers International. development, as and Cass Business School’s Strategy and He joined Youth Business International in well as mergers and acquisitions and large Development Board. He is also a Non- May 2005, when it was a programme of scale transformation. He has served clients Executive Director of National Australia the International Business Leaders Forum, throughout Europe, Asia and North America. Bank and JPMorgan Cazenove Holdings becoming CEO of YBI when it became John holds a Bachelors degree in Applied and is a member of the Board of Trustees an independent organisation in August Science from Swinburne University in for the International Business Leaders 2008. Prior to joining YBI, Andrew worked Melbourne and a Masters of Business Forum. He has been the Group Chief in investment banking for over 20 years – Administration from London Business School. Executive of Standard Chartered Bank, 17 years of which was with Goldman as well as the President and CEO of Sachs – primarily based in London, Tokyo, Visa International. Los Angeles and Sydney.

"In a world beset with economic “As a former banker with a “I was attracted by YBI’s vision problems it is crucial that young longstanding interest in and ambition and their desire people across the world have development, I firmly believe that to be a force for good in the the opportunity, through our encouraging entrepreneurship is world. I feel privileged to be unique system of loans and a powerful and sustainable way involved with such a young, mentorship, to start their own to address poverty and bring vibrant, committed organisation.” businesses. Only through the opportunity to young people. private sector can jobs and I am proud to be playing a role economic progress be sustained." in building a movement of organisations committed to doing this around the world.”

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YBI_AnnualReport_FullDoc.indd 64 2/6/09 10:40:51 Frances Le Grys Elizabeth Rupendra Singh Frances is a Padmore Rupendra retired as corporate partner Liz is an non-executive at the international independent Chairman of KPMG law firm Lovells. consultant, India in September She has experience international 2008. Rupendra of a wide range of advisor, mentor helped establish M&A activities, and Board Director. KPMG's India including acquisitions and shareholder She was previously a strategy partner operations in 1993-94, and served as arrangements and alliances for listed and and Global Director of Policy & Corporate Head of Audit and later as Chief Operating unlisted clients. Her particular focus is Affairs at Accenture, and currently works Officer in India. Rupendra is a Fellow of the in the retail, media, communications with the Oxford Business School. While Institute of Chartered Accountants in and technology sectors. She regularly global head of Accenture’s strategic England & Wales. He is also a Fellow of works on major cross border and multi- think-tank she led studies into issues such the Institute of Chartered Accountants of jurisdictional matters, and, having spent as entrepreneurship, innovation, corporate India and was a member of its Auditing several years living and working in Tokyo, reputation, trust, leadership and the role & Assurance Standards Board. He is works closely with a number of major of business as a force for sustainable currently the Chairman of the KPMG Japanese companies. economic and social development. Foundation in India.

"It is very interesting working “Youth Business International is “YBI focuses on the most with and supporting the young a unique organisation enabling valuable asset that every entrepreneurs of today, and disadvantaged young people to country possesses – the watching them blossom into realise their potential, through younger generation. The the successes of tomorrow.” building sustainable businesses. concept of providing financial The enthusiasm and the drive and technical support to young of these young people is just people who have real business waiting for a catalyst and this ideas - and the energy and is what YBI and its programmes drive to succeed - is a sure provide. It is a privilege to be way to develop entrepreneurs, involved in something which create new channels of truly makes a difference.” employment and empower individuals and communities.”

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YBI_AnnualReport_FullDoc.indd 65 2/6/09 10:41:00 Youth Business International staff

Employees Volunteers As at 31 December 2008

Andrew Devenport Many individuals have freely donated Chief Executive Officer much of their time to Youth Business International during 2008. In particular, Andrew Fiddaman we would like to express our gratitude Managing Director to the following for their help: Anne-Marie Brennan Development Director Ian Barker Sarah McMillan Richard Bennett Operations Director Valerie Schmidt-Chiari Maarten Rooney Darcie Cookson Finance Director Alex Duncombe Gina Wallace Stakeholder Director Katharina Gammon Amy Hulley Joan Hatheway Finance Manager Adam Lury Steve Metcalfe Jane Nelson Communications Manager Rosemary O’Mahony Mary Mills-Brown Network Manager Margaret Pearson Sietske van der Ploeg Will Poole Operations Manager Noah Thorold Leon Taylor Kate Wilkinson Office Manager Hoang-Anh Thi Le Operations Manager Allegra Whittaker Advocacy and Development Manager

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YBI_AnnualReport_FullDoc.indd 66 2/6/09 10:41:00 YBI_AnnualReport_FullDoc.indd 67 2/6/09 10:41:00 The Prince’s Youth Business Guo Ping, an International entrepreneur who has been The Prince’s Charities, supported by Youth PO Box 50473, London W8 9DN, UK Business China. T: +44 (0)20 3326 2060 F: +44 (0)20 7937 8474 E: [email protected] www.youthbusiness.org

Registered in England no. 6550164 Charity no. 1123946

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