Annual report and accounts
For the year ended 31 December 2009 11,501 The number of entrepreneurs that The 10,000,000 Prince’s Scottish Youth Business Trust has The amount, in Canadian dollars, supported since its 16 that the Canadian Youth Business inception The number of partners Foundation (CYBF) received from from all sectors of society that the Canadian government to Youth Business Russia drew invest in youthentrepreneurship together to support its new pilot initiative in Voronezh Province, southwest Russia 3 25 5 The number of The number of local offices that organisations that we our member in China, Youth The number of countries welcomed to the YBI Business China has across the where members of the Network in 2009 country. The work of Youth YBI Network acted as Business China is coordinated country hosts from a national office for Global in Beijing Entrepreneurship Week 10 The average number of jobs created by each entrepreneur in India at the end of their two year loan 1,300 repayment period The number of young South Africans who received the support of a Our global reach mentor from the National Youth Development Agency The members of the YBI Network 690 The number of small businesses work with tens of thousands of people that Fundación Impulsar in Argentina had helped to create in over 40 countries around the world. as of its tenth birthday Here are some highlights of what Accredited Pilot members of members of happened in the network in 2009. the YBI Network the YBI Network Youth Business International Contents
leads a global network of Foreword by HRH The Prince of Wales 3 Introduction by the Chairman and Chief Executive Officer 5 Trustees report 6 independent initiatives which Legal and administrative information 6 Vision and mission 7 provide young people Our objectives 8 Achievements in 2009 10 with the opportunity to start Our plans for 2010 22 Organisation, governance and accountability 26 Financial summary 28 their own business. Financial statements 28 Independent auditors’ report 29 The support of the YBI Network Statement of financial activities 30 Balance sheet 31 Cash flow statement 32 enables young entrepreneurs to Notes to the financial statements 33 Supporters 41 establish thousands of successful Patrons Council 42 The YBI Network 44 businesses every year, generating People 62 Board of trustees 62 employment for tens of thousands Youth Business International team 64 of people all around the world.
1 of an experienced mentor. Last November, during an official visit to Canada, I met a number of highly successful entrepreneurs who have Foreword been supported by the Canadian Youth Business Foundation, from the a leading member of the YBI Network. These outstanding President of businesspeople are working in a remarkable diversity Youth Business of sectors, from gourmet Through chocolate to wet weather International, gear and security its global monitoring technology. His Royal I am immensely proud to Highness network, my say that YBI’s global network In 2009, the number of now operates in over forty The Prince unemployed people worldwide countries and is continuing YBI supports those reached a staggering 212 million. to grow. I never cease to be of Wales Young people have been hit inspired by the “buzz” which our disproportionately hard by the entrepreneurs generate. Our young entrepreneurs current global economic downturn. Entrepreneur of the Year for 2009, Juan Ramón Nuñez from Argentina, This is paradoxical: it is often among young was working as a scrap collector in who are capable of people that we find the greatest creativity, Buenos Aires but, with the help of YBI’s drive and determination. When I founded partner in Argentina, was able to achieve Youth Business International in 2000, his dreams of starting a community radio transforming not it was with the express intention of station and owning his own sound and harnessing these skills in order to nurture lighting business. These enterprises entrepreneurial spirit and, in turn, to create have not only lifted Juan Ramón and only their own lives, new jobs and revitalize economies. Through his family out of poverty, but are also its global network, my YBI supports those helping the wider community through young entrepreneurs who are capable Juan Ramón’s tenacity and his particular but also the lives of transforming not only their own lives, focus on wider social responsibility. but also the lives of those around them. I can only offer my heartfelt thanks of those around Despite the difficult economic conditions and warmest congratulations to that have been affecting much of the everyone who has supported my Youth world, the YBI Network continues to Business International Network this year them provide much-needed assistance to and offer every encouragement for you Youth Business International young people who are determined to to continue to do so. was founded in 2000 by HRH start their own business, but lack the resources to do so. Our model is simple, The Prince of Wales. It is one but effective. Each entrepreneur gains of The Prince’s Charities: a access to loan capital, business start-up group of 20 not-for-profit services and – crucially - the guidance organisations of which The Prince is President.
2 Left: There is no doubt that support to In addition, during 2009, Youth Business In 2010 we will be holding our sixth With the backing of young aspiring entrepreneurs is International continued with its own Global Forum in Mexico City in September. The Prince’s Scottish Youth Business Trust, most keenly needed in challenging development and made progress with We will be gathering the senior management Gillian Parker was able economic times such as those some important initiatives. In our first full of the network together with a significant to get her clothes that we have seen during 2009. year as an independent organisation, we number of our stakeholders for a week boutique Sew Vintage established a US 501(c)(3) not-for-profit to share insights on running youth off the ground. Last year was a difficult year for many entity, allowing us to attract resources entrepreneurship initiatives and to discuss, Bottom: members of the YBI Network as they from US donors and paving the way for as a network, how we can work together Albert Makgoka contended with, on the one hand, the launch of Youth Business America. to make a meaningful impact on the was able to set up a diminishing resources from public sector We also launched our Patrons Council to global employment challenge. magazine for young aspiring entrepreneurs and business supporters and, on the other recognise and thank key supporters of with the guidance of hand, tough trading conditions for the YBI and the network around the world. If you would like to join our growing the National Youth entrepreneurs that the network helps. movement of governments, businesses Development Agency in Working with Accenture, we completed and other organisations that are South Africa. “The road to success has a lot of Yet overall, our network continued to a major project to determine how YBI can dedicated to bringing opportunity to ups and downs but if you grow and was able to support 8,530 new provide a more targeted and effective level young entrepreneurs, then please contact believe in something, entrepreneurs during 2009 through our of support to the YBI Network. The project us. We will be delighted to hear from you. don’t give up,” he says. proven model of access to credit, volunteer showed that if we can provide more mentors and business start-up services. support in a number of areas, such as This was an increase on the previous year fundraising, knowledge sharing and and indeed in some countries, such as partnership building, then we will be able Saudi Arabia, our members were able to to help the members of the network increase dramatically increase the assistance that the scale of their operations and so help Sir Malcolm Williamson, Chairman they gave to young entrepreneurs. more young people get started in business. Andrew Devenport, Chief Executive Officer
“We will be gathering the senior management of the network together with a significant number of our stakeholders for “Our network a week to share insights Introduction continued to grow on running youth by the and was able to entrepreneurship support 8,530 new initiatives” Chairman and entrepreneurs Chief Executive during 2009” Officer
4 5 Trustees report Vision and mission
The members of the Board, who are directors of the Notes charity for the purposes of company law and trustees for In this report, “The Prince’s Youth Business International”, the purposes of charity law (hereinafter “the trustees”), “Youth Business International” and “YBI” are all operating submit their Annual Report and the audited Financial names which refer to The Prince of Wales Youth Business Statements for the year ended 31 December 2009. International Ltd, a company limited by guarantee. The members of the Board who served during the year or who have been appointed since the year end are those listed below.
Vision Legal and administrative information Our vision is that youth enterprise is recognised as a vital part Board of trustees Mission of efforts to create Trustees serving during the year and since the year end are: The mission of Youth Business employment and International is to champion youth Accreditation Audit Committee stimulate economic growth Change during year Board enterprise by growing a global network Committee (as of 29/01/2009) throughout the world. which provides young people with the Malcolm Williamson None (chair) opportunity to start their own business. Andrew Devenport (CEO) None John Downie None We support our network members by Frances Le Grys None helping them develop our proven model Adam Lury Appointed 28/01/10 of providing young entrepreneurs with Elizabeth Padmore None (chair) access to credit, volunteer mentors and Rupendra Singh Appointed 29/01/09 (chair) business start-up services. Right: Susan Wanjiku, Registered Office Bankers Auditors Secretary the sole proprietor of To facilitate the growth of this network and Poshy Parties, was able Nexia Smith & Williamson Sisec Ltd raise the profile of youth enterprise, Kensington Palace The Co-operative Bank plc to set up her a catering Chartered Accountants 21 Holborn Viaduct business in Nairobi in Kensington Gardens 80 Cornhill we develop international partnerships 25 Moorgate London EC1A 2DY 2009 with the help London W8 4PX London EC3V 3NJ of Kenya Youth London EC2R 6AY with governments, businesses and Business Trust. civil society organisations. Top right: Zulma Velásquez from Bolivia, who Company number: 06550164 grows onions with Charity number: 1123946 the support of Innova Emprendimientos Sociales.
6 7 Our objectives
Youth Business Objective 1: Objective 2: Objective 3: Objective 4: Objective 5: International’s five strategic Strengthen Assess the Raise Expand Act as an objectives the operational quality and resources the network advocate help guide our work to build a capabilities of performance for the to new for the global network the network of the network network countries network of independent We develop products and Through the YBI Network We develop partnerships We bring new youth We raise the profile of the initiatives helping services for our network, accreditation system, we ensure between our network and entrepreneurship initiatives network and we champion young people and work with individual that our members perform to other organisations, making into the network. youth entrepreneurship. start their own members to overcome the minimum standards and help their expertise and resources challenges that they face. them identify their strengths available to our members. business. and weaknesses.
8 9 Achievements in 2009 Find out how YBI performed in 2009 against our strategic objectives
Right: Abdullah Al-Soury, who was able to set up his business in Saudi Arabia with the help of The Centennial Fund.
10 11 Case study: Aggregating mentoring YBI launched the Mentoring Toolkit in best practice from the network 2009; the culmination of a three-year 1. We strengthened the operational investment in mentoring by YBI in Mentoring is a key part of the support partnership with Accenture, in which that our member organisations provide ten members of our network received capabilities of the network to young entrepreneurs getting started capacity-building grants. in business, and a vital ingredient in their success. It is also significant The Mentoring Toolkit is designed to to the sustainability of the member highlight good practice in managing an organisations themselves, since effective mentoring programme, based on Last year we placed great YBI led a day focused exclusively on Right: successful businesses translate into experience from both within and beyond emphasis on the development of two mentoring, where participants shared Jamaica Youth higher loan repayment rates, which the network. From planning, to all stages important online projects that will experiences and best practices around Business Trust supported of programme implementation (recruiting entrepreneur Andrew in turn enable more new loans to be address key needs identified in the important but often-overlooked aspects Johnson with his business issued, as well as greater confidence mentors, training mentors and mentees, network, as well as continuing to of the mentoring programme, such as mentor Ruth Barrett, from financial partners to provide matching, and supporting), to evaluating focus on individual capacity-building motivating mentors, monitoring and on Andrew’s farm in capital to this under-served group. programme success – the toolkit provides through field visits and training. evaluation and ongoing support St. Catherine, Jamaica. a programming framework for practitioners, and development Building a successful mentoring as well as materials and resources that In March 2009, we launched the first activities. programme, however, is often one of may be adapted for the local operating ever aggregation of best practice on the most challenging aspects of the YBI environment. mentoring for the YBI Network, the model. It is necessary to recruit suitable Mentoring Toolkit (see case study). people prepared to volunteer their time “Managing the mentoring programme to mentor an entrepreneur; train both at KYBT was an expensive and difficult During the first half of the year, mentors and the entrepreneurs in task until the establishment of YBI’s we rolled out the first version of an their role and what to expect from the Mentoring Toolkit,” says Pepe Ondindia, operations management system: an “Managing the relationship; and monitor and support Mentoring and Training Coordinator at online tool which is designed to enable the process in order to derive the most the Kenya Youth Business Trust. “We members of the network to manage value for both parties. lacked the relevant materials/resources information on their entrepreneurs, mentoring programme for training, so had to outsource the work mentors and loan funding. We engaged To make the best use of the network’s to mentoring trainers who charged us a more than half of the network in the at KYBT was an experience in mentoring, and to maximise fee. Now we use the training resources process, and learned a lot about the efficiencies for the whole network, in the toolkit. The planning stage in the challenges and practical requirements of Mentoring Toolkit has also helped KYBT such a system. During 2010 we plan to expensive and difficult to institute a mentoring committee that release version 2.0 of the system, which assists in overseeing the programme.” will include important enhancements such as key performance indicator task until the The Mentoring Toolkit is available online reporting and local operational reports. at YBI’s extranet, which is accessible to all registered members of the network. In November, YBI co-organised a regional establishment During 2010, YBI will continue to workshop in Mexico City with the support develop the toolkit, populating it with of Accenture and the Inter-American more case studies from the network and Development Bank, for Latin American of YBI’s Mentoring adding training videos to the site. We will members of the network. also be producing more online toolkits covering different aspects of the YBI Representatives attended from Toolkit.” model, such as managing loans, raising Argentina, Bolivia, Brazil, Colombia, resources and building partnerships. Mexico, Uruguay and Paraguay (the latter joined the YBI Network in 2010).
12 13 2: We assessed the quality and performance of the network
YBI’s accreditation process is a vital At the same time as conducting these Below: mechanism for providing quality accreditation assessments and progress V. Muthulingam set up his assurance for the network and reviews, YBI started work on an in-depth musical instruments business Sabari Musicals with the help external stakeholders. Through the review of the accreditation process. We of Bharatiya Yuva Shakti process, our member organisations introduced the current system in 2007 Trust. His entrepreneurial are provided with an external quality and now that nearly every accredited zeal won him a Citi Micro assessment, helping them to member of the network has been Entrepreneur Award in 2009. recognise and address issues that reviewed under the might be an impediment to their system, we plan to performance. launch a revised system in During 2009, we conducted six full 2010. accreditation assessments and ten progress reviews with members that had previously received conditional accredited status.
Of the six full assessments, four passed, but the two pilot initiatives that went through the assessment were not deemed ready to become accredited. They will continue to hold a pilot status in the network and will be reassessed in 2010.
Of the ten progress reviews, the accreditation committee gave six full accredited status but raised serious concerns with four member organisations. Working closely with these four organisations, we have set specific milestones for 2010 to ensure remedial action is taken; however, it is possible that if these organisations do not meet the goals set then they will leave the network.
Right: Hoseen Mohra, who was able to set up Roma Shoes in Syria with the help of BIDAYA.
14 15 Case study: Youth Business Most notably, the US programme has America established in California received significant start-up support from 3: We raised resources drinks business Diageo and the Kauffman During 2009 YBI was heavily involved Foundation. Diageo made a commitment in supporting the development and at the Clinton Global Initiative as part for the network establishment of Youth Business of the celebrations for the 250th America (YBA) anniversary of the founder of Guinness beer. The Kauffman Foundation, the We believe that a successful initiative largest entrepreneurship foundation in the US will not only help to address in the US, also gave its backing for Raising resources for the members to establish relationships between these Right: the youth employment issues that exist YBA through a grant to support the of our network and supporting their companies’ local offices and our network Deepika Priyadarshanee in the US, but will also help to raise development of operations of the own efforts to raise resources is a members around the world. These in Sri Lanka, who runs an new organisation. IT training school and a the profile of the whole YBI Network vital part of the work that YBI does. relationships help our members to access mobile IT/ internet facility in the country. in-kind, human and financial resources for rural villagers with the YBA is also supported by Deloitte, the During 2009, we were active on a from the global partners of YBI – support of Youth Business In 2009, we established YBA as a US major international accounting and number of fronts, helping individual companies such as Accenture, Sri Lanka. 501(c)(3) not-for-profit organisation that consulting company, which agreed to programmes to identify and secure KPMG and Scotiabank. has two purposes: to support young provide free tax and accounting services funding, and building connections entrepreneurs in the US who are unable to any new YBA entrepreneur. Finally, between multinational businesses to find start-up funds elsewhere; and to YBA developed a partnership with the and organisations and our network. generate support for the YBI Network. National Foundation for Teaching Entrepreneurship (NFTE). It is hoped We conducted fundraising meetings with YBA is based in Oakland, California, that some of NFTE’s graduates will potential donors in Argentina, Bangladesh, and is expected to join the YBI Network become clients of YBA. Belize, Bolivia, Brazil, China, Colombia, during 2010. Hong Kong, Kenya, Mexico, Nepal, During 2010 YBA’s aim is to provide Nigeria, Poland, Russia, Sri Lanka, “During 2009 start-up support to young entrepreneurs South Africa, Syria, Trinidad & Tobago, in the Oakland area. In the longer term, Uganda, Uruguay and the USA. YBA plans to expand to other centres YBI was heavily involved across the USA. In the USA, we raised a significant amount of resources to support the establishment For more information visit of Youth Business America (see case study). in supporting the www.youthbusinessamerica.org
We worked with many members of the network on developing funding development and proposals for businesses, foundations and multilateral organisations such as the UN and the EU. Our support for our establishment of members’ fundraising often helps to strengthen their proposals by highlighting the involvement in a large international Youth Business network with access to best practice and technical expertise as well as a rigorous accreditation process. America (YBA).” We also continued our work building partnerships with a number of multinational corporations, helping
16 17 YBI forms new partnership in Brazil provided. As of the end of 2009 Conexão with social initiative Conexão had provided mentors to 12 entrepreneurs, 4: We expanded the and with the support of Banco de On 12 March 2009, YBI’s President, Desenvolvimento de Minas Gerais it HRH The Prince of Wales, launched plans to start issuing loans to potential network to new countries a new partnership to support young entrepreneurs in the middle of 2010. entrepreneurs in Brazil. Conexão believes that by joining the The initiative is part of Conexão, YBI Network, it will be able to make a social programme that believes that more of an improvement to the local After a year of consolidation in 2008, the most disadvantaged areas within Right: employment is a means by which young community. “Conexão believes that it last year YBI looked for new partners France to help young entrepreneurs set Gal Kliman and Oren Sinai people and low-income entrepreneurs is of fundamental importance to aim around the world to help us launch up their own business. who run a wine bar in Tel to introduce a culture of mentoring in Aviv, Israel, discussing issues can develop into active citizens. Conexão new youth entrepreneurship with their mentor Patric Edri itself is a joint venture between two cities where the programme is being initiatives. During 2009 we also made good progress (right). Gal and Oren have Brazilian organisations - the Committee implemented,” said Luciana Lopes, towards launching Youth Business America, been supported by the Keren for the Democratization of Information Entrepreneurship Supervisor at Conexão. Our preference has changed towards which we expect will be formally Shemesh Foundation. Technology (CDI) and Rede Cidadã. “This is because of the impact that this working with pre-established initiatives, welcomed into the network It was established in 2007 and has practice can offer to local people.” rather than setting up brand new by mid 2010 already enrolled more than 12,000 organisations – and the three new (see separate young people in technical courses and “Once the entrepreneurs have the members in 2009 reflect that. case study, helped approximately 3,000 enter the support of their mentor, develop and previous job market. execute their business plans and gain In January, the Dominica Youth Business page). access to microcredit, it is possible to Trust joined the network, with the support Under the partnership with YBI, Conexão strengthen the businesses, increase the of Dominican Prime Minister Roosevelt started to provide volunteer business entrepreneurs’ income, offer new jobs to Skerrit. Dominica Youth Business Trust “By joining the mentors to young entrepreneurs in young people and, consequently, to was founded in 2004 and has already addition to the training services it already make more of a contribution to local supported nearly 200 entrepreneurs development,” added Luciana. across the island. YBI Network, “That is why Conexão’s team is motivated In March, our President, His Royal Conexão believes and committed to instigate Highness The Prince of Wales, announced a mentoring culture and its practice.” a new partnership to support young entrepreneurs in Brazil during his official that it will be able visit to South America. The Brazilian partnership is known as Conexão and works with young entrepreneurs in Rio to make more of de Janeiro, São Paulo and Belo Horizonte (see case study). an improvement The third initiative to join our network was Entreprendre en Banlieue, a French to the local programme of PlaNet Finance. PlaNet Finance is an international non-profit organisation which aims to alleviate community.” poverty through the development of microfinance and microcredit services. Entreprendre en Banlieue was launched by PlaNet Finance in 2006, and works in
18 19 Case study: Entrepreneur of the Year The publicity for Juan Ramón has helped competition inspires people all over our member organisation in Argentina 5: We acted as an advocate the world – Fundación Impulsar – raise its profile dramatically within the country, and Our Entrepreneur of the Year competition shown many regional governments, for the network was a successful part of our work in 2009 businesses and members of the public to raise the profile of youth entrepreneurship in Argentina why Fundación Impulsar’s and the important work of our network. work is so vital. Juan Ramón Nuñez, a former scrap collector turned radio presenter and The other winners in the competition Youth Business International took We also encouraged our network to Right: owner of an audiovisual company, were Jorge Noveron, an eco-architect a leading role at many international participate in Global Entrepreneurship Week, Juan Ramón Nuñez from became a national celebrity in Argentina from Mexico who won the Environmentally meetings on young people and which we believe to be an important Argentina, who founded an sustainable category; Philip Ross and audiovisual company with after becoming the YBI Entrepreneur employment during 2009, helping to campaign to inspire young people. In 2009, the help of Fundación of the Year for 2009. Martin Izod from Scotland who won the raise awareness of youth enterprise five members of our network – in Barbados, Impulsar and is the 2009 Innovation category for their safety door and communicate the achievements Canada, India, Saudi Arabia and Ukraine - YBI Entrepreneur of the Year. Juan Ramón was awarded his trophy by hinge business; and Ghadah Baaqil, who of our global network. hosted the campaign in their HRH The Prince of Wales at an event won the Female category for her centre for country. held in St James’s Palace in London on autistic children in Medina, Saudi Arabia. YBI presented at the Commonwealth 16 November 2009. On his return to Local Government Forum, a four-day Buenos Aires where he lives and runs his The competition helped the network to event held in May, which was attended business, Juan Ramón was overwhelmed gain media coverage in several other by over 550 national and local government by Argentinean media wanting to hear countries, including Sri Lanka, Scotland, representatives from 48 countries. At his story. India and Bulgaria. In Saudi Arabia, the Commonwealth Youth Forum later The Centennial Fund used the People’s in the year, YBI helped to ensure that Within just a few days, Juan Ramón Choice award – an award where voting entrepreneurship featured strongly in the appeared on the front cover of was open to the general public – to communiqué which was presented to the “This recognition Argentina’s most popular newspaper, raise awareness through a social media Commonwealth Heads of Government. and appeared on television several times, campaign. Within the space of a week including on the country’s most well- The Centennial Fund generated 16,000 Youth Business International was also is like a stepping known chat show (which he had already votes for its shortlisted entrepreneur, invited by the Danish Ministry of Foreign appeared on prior to leaving for London). Ghadah Baaqil. As a result of the Affairs to speak at the Danida Development “This recognition is like a stepping stone competition and the increased publicity, Day in Copenhagen, playing a role in the stone for me. for me,” said Juan Ramón upon winning The Centennial Fund received many more Danish Government’s expanded support the award. “It’s the start of a new phase enquiries from potential entrepreneurs for young entrepreneurs in Africa. It’s the start of in my entrepreneurial career.” in Saudi Arabia. We were a leading partner of Global Entrepreneurship Week, and to support the campaign in 2009 we launched a new phase in Recommendations for Action, the first in our Making Entrepreneurship Work series of advocacy reports. The report used my entrepreneurial the experiences of our network to make recommendations to governments, businesses and civil society organisations career.” about what each sector can do to help young people get started in business.
20 21 Strengthen the operational Raise resources for the network Act as an advocate for the network Our plans for 2010 capabilities of the network We will secure greater in-kind and We will develop the Making We plan to launch the next version of our financial resources for the network by Entrepreneurship Work series of online operations management system, developing multi-country partnerships reports which we launched in 2009, to with improved functionality to meet the with multinational companies that help YBI make the case for supporting Right: Far right : requirements of our network. support YBI and the network. youth entrepreneurship. Leena Akhter, who set With a history of up her women’s clothes depression, Nigel Tait had We will launch a comprehensive set of We will raise financial and human After the success of the YBI Entrepreneur business Amber been out of long-term Boutiques and Blocks employment for over a operating guidelines for the network, resources to support the capacity building, of the Year competition in 2009, we with the help of the year. Thanks to a loan building on our experiences developing training and networking that will take will continue to build this competition Bangladesh Youth from The Prince’s Trust in the Mentoring Toolkit in 2008-9. place at the Global Forum in Mexico. so that it provides more benefits to Enterprise Advice and England, he started his more of our network. Helpcentre (B’Yeah). own business, N Tait Services in September We will facilitate network-wide skills Expand the network to new 2008 and now offers building and knowledge sharing at the YBI countries domestic appliance Global Forum in Mexico City in September. During 2010 we expect that, among repairs, electrical and others, new organisations in Bhutan, plumbing services. Ensure the quality and Chile, Paraguay, and the USA will performance of the network formally join the network. Having completed accreditation assessments on nearly all of the network, we will complete It is however, possible that some a review of the entire process, with a view members may leave the network due to to launching a revised system in 2010. a revised focus by those organisations or failure to meet the requirements of the By the end of the year we expect to have accreditation process. a more rigorous system in place for capturing key performance indicators from the network.
Last year our member in Saudi Arabia, The Centennial Fund, helped 2,031 new young entrepreneurs get started in business.
23 David Thomas and Rachel Renie received funding from Youth Business Trinidad and Tobago in January 2009 to establish Market Movers, an online fresh fruit and vegetable business. Through their website www.dmarketmovers.com the entrepreneurs take orders from homeowners and deliver the products to their homes.
24 25 Right: Far right: Canadian Youth Jorge Noveron is a Organisation, governance Business Foundation Mexican entrepreneur entrepreneur George who set up an Christakos provides architectural practice world-class dining at promoting environmental and accountability Brooklyn Warehouse, designs, thanks to in Nova Scotia. the backing of Jóvenes Empresarios por México Middle right: (JEMAC). Li Cheng is a young cattle farmer supported by Youth Business China’s Ningxia office Statement of trustees’ responsibilities in respect of the financial statements in northern China. The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and regulations.
Company law requires the trustees to enable them to ensure that the financial Recruitment processes for new trustees As part of this process, trustees continue Reserves policy Selection criteria and procedures are in prepare financial statements for each statements comply with the Companies are in line with The Prince’s Charities to review the adequacy of the charity’s Following a review in April 2010, place to ensure that individuals are financial year. Under that law the Act 2006. They are also responsible for Operating Guidelines. A trustee induction internal controls. They consider whether the trustees have confirmed that selected, promoted and treated on the trustees have elected to prepare the safeguarding the assets of the company session is provided by The Prince’s controls are sufficient on an annual basis. YBI should have an unrestricted free basis of their relevant abilities and merits. financial statements in accordance and hence for taking reasonable steps Charities for all YBI’s trustees. reserves equivalent to eight months of with United Kingdom Generally for the prevention and detection of fraud Risk management unrestricted committed expenditure (the Volunteers Accepted Accounting Practice (United and other irregularities. Internal controls YBI is committed to a risk-management same as in 2009). Due to the expansion Youth Business International relies Kingdom Accounting Standards and The trustees have overall responsibility process and accordingly a risk- of YBI’s operational activities this equates heavily on the support we get from applicable law). Under company law Company status for ensuring that the charity has an management function is carried out by to £0.75m (£0.65m in 2008). This is to unpaid volunteers. We have differing the trustees must not approve the YBI is a company limited by guarantee, appropriate system of control, financial the Finance Director, who reports directly ensure that YBI can continue to operate levels of support, ranging from long-term financial statements unless they are established on 31 March 2008, and a and otherwise. They are responsible for to both the Audit Committee and the in times of substantial income fluctuation advice from professionals experienced in satisfied that they give a true and registered charity. It is governed by its keeping proper accounting records which Chief Executive, and ultimately to the or unexpected expenditure. The Board specific areas to short-term internships fair view of the state of affairs of the Memorandum and Articles of Association disclose with reasonable accuracy at any Board. The role ensures that a formal reviews and approves the reserves policy from students and postgraduates. company and of the profit or loss dated 5 March 2008. time the financial position of the charity process to assess business risks and on an annual basis. In total, YBI received the equivalent of of the company for that period. In and enable them to ensure that the implement appropriate risk-management 26 months of one person’s time from preparing these financial statements, Structure of Youth financial statements comply with the strategies is carried out on a regular basis. Human resources volunteers in the period January– the trustees are required to: Business International Companies Act 2006. During 2009, YBI’s staffing increased December 2009. The governing body of the charity is Various types of risks faced by the charity from eleven full-time employees and • select suitable accounting policies the Board. The Board meets formally These systems of internal control are are identified and prioritised in terms of two part-time employees in May 2009 Public benefit reporting and then apply them consistently four times a year, with significant other designed to provide assurance against their potential impact and likelihood of to thirteen full-time employees and The trustees have a duty to report • make judgements and estimates ongoing involvement. In addition, material misstatement or loss. They include: occurrence. A review of all risks, and one part-time employee. In addition, on public benefit by explaining: that are reasonable and prudent there are two board committees: 1. a strategic plan, an annual operating progress against mitigating these, is YBI has greatly benefited from the help • the significant activities undertaken • prepare the financial statements on • Accreditation Committee plan and an annual budget all completed biannually by the Executive of volunteers, both experienced in order to carry out our aims for the the going concern basis unless it is • Audit Committee. approved by the Board Directors, comprising senior staff professionals and interns. public benefit inappropriate to presume that the 2. regular consideration by the Board members, and their work in turn is • achievements measured against company will continue in business. These committees comprise members of financial results and variance from reviewed quarterly by the Audit Equal opportunities policy those aims. of the Board and other individuals with budgets Committee who report to the trustees. YBI strives to be an equal opportunities The trustees are responsible for keeping relevant experience. All committees 3. the use of the Audit Committee in The Board formally considers risk on employer and applies objective criteria The trustees confirm that they have adequate accounting records that are operate under specific terms of reference meeting their duties and providing an annual basis. to assess merit. It aims to ensure that no had regard to the Charity Commission’s sufficient to show and explain the which delegate certain functions from better focus on specific responsibilities job applicant or employee receives less guidance on public benefit reporting company’s transactions and disclose the Board. 4. appropriate identification and The Board believes that the charity’s favourable treatment on the grounds of on YBI’s vision and mission, and on with reasonable accuracy at any time management of risk. internal financial controls conform to age, race, colour, nationality, religion, the objectives, achievements and plans the financial position of the company and good practice and guidelines issued ethnic or national origin, gender, marital as stated on pages 7 to 23. by the Charity Commission. status, sexual orientation or disability.
26 27 Independent auditors’ report to the members of Financial summary The Prince of Wales Youth Business International Limited
The financial statements for the year Reserves • So far as that trustee was aware there We have audited the financial We report to you our opinion as to the preparation of the financial statements, have been prepared in accordance In 2009 YBI continued to build its was no relevant available information statements of The Prince of Wales whether the financial statements give and of whether the accounting policies are with the Statement of Recommended unrestricted reserves level. The surplus for of which the company’s auditors were Youth Business International Limited a true and fair view, have been properly appropriate to the charity’s circumstances, Practice, Accounting and Reporting the year, representing the net increase in unaware; and for the year ended 31 December 2009, prepared in accordance with the United consistently applied and adequately disclosed. by Charities. unrestricted funds per the statement of • The trustee had taken all steps that the which comprise the Statement of Kingdom Generally Accepted Accounting financial activities, as set out on page 30, trustee ought to have taken as a trustee Financial Activities, the Balance Sheet, Practice and have been prepared in We planned and performed our audit so as Income amounted to £0.26k. This increases the to make himself aware of any relevant the Cash Flow Statement and the accordance with the Companies Act 2006. to obtain all the information and explanations YBI’s total incoming resources for the year total of the unrestricted funds from audit information and to establish that related notes 1 to 13. These financial We also report to you whether the which we considered necessary in order to were £1.65m (2008 - £1.54m) of which £0.48m at 31 December 2008 to £0.74m the company’s auditors were aware of statements have been prepared under information given in the Trustees’ Annual provide us with sufficient evidence to give £0.89m (2008 - £0.89m) was unrestricted at 31 December 2009. The building up of that information. the accounting policies set out therein. Report is consistent with those accounts. reasonable assurance that the financial and £0.76m (2008 - £0.65m) restricted. unrestricted reserves in 2009 was in line In addition we report to you if, in our opinion, statements are free from material Income was raised according to budget. with YBI’s reserves strategy. This confirmation is given and should be This report is made solely to the charity’s the charity has not kept adequate misstatement, whether caused by fraud interpreted in accordance with the provision members, as a body, in accordance with accounting records, if the charity’s financial or other irregularity or error. In forming Expenditure Disclosure of information of s418 of the Companies Act 2006. Chapter 3 of Part 16 of the Companies Act statements are not in agreement with the our opinion we also evaluated the overall YBI’s total resources expended for the to the auditors 2006. Our audit work has been undertaken accounting records and returns, if we have adequacy of the presentation of year were £1.23m (2008 - £0.84m) In the case of each person who was Auditors so that we might state to the charity’s not received all the information and information in the financial statements. of which £0.63m (2008 - £0.41m) a trustee at the time this report was A resolution to re-appoint the auditors, members those matters we are required explanations we require for our audit, or if was unrestricted and £0.60m (2008 - approved: Nexia Smith & Williamson, will be proposed to state to them in an auditors’ report and certain disclosures of trustees’ remuneration Opinion £0.43m) restricted. Expenses were at the April 2010 Board meeting. for no other purpose. To the fullest extent specified by law are not made. In our opinion in line with budget. permitted by law, we do not accept or • the financial statements give a true assume responsibility to anyone other We read other information contained in and fair view of the state of the charity’s than the charity and the charity’s members the Annual Report and consider whether it affairs as at 31 December 2009 and of as a body, for our audit work, for this is consistent with the audited financial its incoming resources and application report, or for the opinions we have formed. statements. The other information of resources, including its income and comprises only Our Global Reach, expenditure, for the year then ended; Respective responsibilities Foreword by HRH The Prince of Wales and • the financial statements have been Approved and signed on behalf of the of trustees and auditors Introduction by the Chairman and Chief properly prepared in accordance with board of trustees on 26 April 2010 by: The trustees’ (who are also the directors Executive. We consider the implications for United Kingdom Generally Accepted of the Company for the purposes of our report if we become aware of any Accounting Practice; Company Law) responsibilities for preparing apparent misstatements or material • the financial statements have been the Trustees’ Report and the financial inconsistencies with the financial prepared in accordance with the statements in accordance with applicable statements. Our responsibilities do not Companies Act 2006; and law and United Kingdom Accounting extend to other information. • the information provided in the Trustees’ Standards (United Kingdom Generally Annual Report is consistent with the Accepted Accounting Practice) and for Basis of audit opinion financial statements. Sir Malcolm Williamson, Chairman being satisfied that the financial statements We conducted our audit in accordance give a true and fair view are set out in the with International Standards on Auditing Right: Statement of Trustees’ Responsibilities. (UK and Ireland) issued by the Auditing Famuyiwa Bolaji, Practices Board. An audit includes Andrew Bond who was able to get Our responsibility is to audit the examination, on a test basis, of evidence Senior Statutory Auditor, for and on her eatery Palatable Food off the ground financial statements in accordance relevant to the amounts and disclosures in behalf of Nexia Smith & Williamson thanks to the support with the relevant legal and regulatory the financial statements. It also includes Statutory Auditor, Chartered Accountants, of Youth Business requirements and International an assessment of the significant estimates 25 Moorgate, London EC2R 6AY Initiative Nigeria. Standards on Auditing (UK and Ireland). and judgements made by the trustees in Date: 27 April 2010
28 29 Statement of financial activities Balance sheet
(Including income and expenditure account) for the year ended 31 December 2009 As at 31 December 2009
5 months trading Notes Unrestricted (£) Restricted (£) 2009 Total (£) 2008 Total (£) Notes Unrestricted (£) Restricted (£) 2009 Total (£) period ended Dec 2008 (£)* Fixed assets Incoming resources Tangible fixed assets (7) 25,972 - 25,972 26,059
Incoming resources from generated funds 25,972 - 25,972 26,059
Voluntary income
Grants and donations (2) 849,557 763,549 1,613,106 1,508,257 Current assets Debtors (8) 4,665 7,081 11,746 67,106 Investment income Cash at bank and in hand 782,857 377,719 1,160,576 1,134,372 Bank interest (2) 5,995 - 5,995 10,362 787,522 384,800 1,172,322 1,201,478 Other incoming resources (2) 33,909 - 33,909 22,334
Total incoming resources 889,461 763,549 1,653,010 1,540,953 Creditors Amounts falling due within one year (9) (74,504) (866) (75,370) (523,947) Resources expended (74,504) (866) (75,370) (523,947) Costs of generating funds
Costs of generating voluntary income (3) 37,066 49,966 87,032 26,796 Net current assets 713,018 383,934 1,096,952 677,531 Charitable activities
Strengthen the operational capabilities of the network (3) 140,344 148,513 288,857 478,208 Net assets 738,990 383,934 1,122,924 703,590 Assess the quality and performance of the network (3) 47,560 78,968 126,528 65,431
Raise resources for the network (3) 140,502 222,281 362,783 158,963 Represented by:
Expand the network to new countries (3) 59,606 16,516 76,122 1,735 Total funds 738,990 383,934 1,122,924 703,590 Act as an advocate for the network (3) 186,358 83,993 270,351 93,060
Governance costs (3) 18,638 3,365 22,003 13,170 The notes on pages 33 to 39 form part of these accounts. The financial statements were approved by the trustees on 26 April 2010 and were signed on their behalf by:
Total resources expended 630,074 603,602 1,233,676 837,363
Net movement in funds for the period (10) 259,387 159,947 419,334 703,590 Total funds brought forward (10) 479,603 223,987 703,590 - Total funds carried forward (10) 738,990 383,934 1,122,924 703,590
Sir Malcolm Williamson, Chairman
*The statutory period in 2008 was 9 months, the actual trading period was 5 months (transfer of assets from IBLF took place on 1 August 2008). All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Company number: 6550164 Company number: 6550164
30 31 Cash flow statement Notes to the financial statements
For the year ended 31 December 2009 For the year ended 31 December 2009
Notes 2009 (£) 2008 (£) 1. Accounting policies & convention Net cash inflow from operating activities a) 32,119 1,157,032 The financial statements have been communication, IT, human resources, Depreciation costs are allocated to prepared under the historical cost office rent, general travel, relationship activities on the basis of the use of the Returns on investment and servicing of finance convention and in accordance with building and depreciation. All support related assets in those activities. Where Interest received 5,995 10,362 applicable accounting standards, the costs items are allocated over the relevant any assets are impaired in value, provisions Statement of Recommended Practice categories on the basis of the overall are made to reduce the book value of such (SORP), ‘Accounting and Reporting by time spent in these categories. assets to their recoverable amount. Capital expenditure: Charities’ published in March 2005, Payments to acquire tangible fixed assets (11,910) (33,022) and the Companies Act 2006. The cost of generating funds comprises Pension costs those costs directly attributable to the The charity operates a defined Incoming resources fundraising activities of the charity and contribution personal pension scheme. Increase in cash and cash equivalents b) 26,204 1,134,372 All incoming resources are accounted the appropriate allocation of central costs. Contribution costs are charged to the for in the statement of financial activities statement of financial activities in the when the charity is legally entitled to the Governance costs include the year in which they fall due. Notes to the cash flow statement income, there is reasonable certainty over management of the charity’s assets, a) Reconciliation of changes in resources to net inflow from operating activities receipt, and the amount can be quantified organisational management and Operating leases 2009 (£) 2008 (£) with reasonable accuracy. compliance with constitutional and Operating leases are expensed on statutory requirements. a straight-line basis over the term of Net income for the period 419,334 703,590 Voluntary income comprises grants the lease. Interest income (5,995) (10,362) and donations and is recognised in the Fund accounting Depreciation 11,997 6,963 appropriate fund on a receivable basis and Unrestricted funds are used to fulfil the when any conditions for receipt are met. objectives of the organisation at the Increase in creditors (448,577) 523,947 Where donor-imposed conditions require discretion of the trustees. Increase in debtors 55,360 (67,106) that the resource is expended in a future accounting period, income is recorded as Restricted funds are made up of grants deferred income at the balance sheet date. and donations given by donors for Net cash inflow from operating activities 32,119 1,157,032 specific purposes. Resources expended Resources expended are accounted for on Fixed assets b) Analysis of changes in cash and cash equivalents during the year an accruals basis. Expenditure is allocated Fixed assets are capitalised where the 2009 (£) 2008 (£) to activity categories based on the purchase price of each individual item Balance brought forward 1,134,372 - amount attributable to the activity in the costs £2,000 or more including VAT. year, including the cost of generating Depreciation has been provided in Net cash inflow 26,204 1,134,372 funds, charitable activities and services. order to write off the cost of the assets over their estimated useful lives on Balance carried forward 1,160,576 1,134,372 Direct costs in these categories are a straight-line basis as follows: charged with their share of support costs. • Computer equipment 3 years Support costs include central functions • Office equipment 5 years. such as general management, accounting,
32 33 Notes to the financial statements Notes to the financial statements
For the year ended 31 December 2009 (continued) For the year ended 31 December 2009 (continued)
2. Incoming resources 3. Resources expended
Unrestricted (£) Restricted (£) Year ended Dec 2009 (£) 5 months trading period a) Analysis of total resources expended ended Dec 2008 (£) 5 months trading Year ended Dec Voluntary income Direct costs (£) Support costs (£) period ended Dec 2009 (£) Charitable foundations and trusts 645,000 51,737 696,737 1,012,751 2008 (£) Corporate donors 10,000 711,812 721,812 352,726 Costs of generating funds Individuals 193,918 - 193,918 65,951 Costs of generating funds 43,330 43,702 87,032 26,796 Multilaterals 639 - 639 46,829 43,330 43,702 87,032 26,796 Government support - - - 30,000 849,557 763,549 1,613,106 1,508,257
Charitable activities Investment income Strengthen the operational capabilities of the network 140,270 148,587 288,857 478,208 Bank interest 5,995 - 5,995 10,362 5,995 - 5,995 10,362 Ensure the quality and performance of the network 70,383 56,145 126,528 65,431
Raise resources for the network 202,694 160,089 362,783 158,963 Other incoming resources Expand the network to new countries 36,820 39,302 76,122 1,735 Exchange rate gain 33,878 - 33,878 21,727 Other income 31 - 31 607 Act as an advocate for the network 135,451 134,900 270,351 93,060
33,909 - 33,909 22,334 585,618 539,023 1,124,641 797,397
Total incoming resources 889,461 763,549 1,653,010 1,540,953 Governance costs
Governance costs - 22,003 22,003 13,170
- 22,003 22,003 13,170
Total resources expended 628,948 604,728 1,233,676 837,363
34 35 Notes to the financial statements Notes to the financial statements
For the year ended 31 December 2009 (continued) For the year ended 31 December 2009 (continued)
3. Resources expended (continued) 4. Employees 5. Trustees’ remuneration
There are seven (2008 – six) trustees on the Board of YBI and b) Analysis of support costs Staff costs Office,IT, Travel & Depreciation Year ended 5 months Year ended 5 months trading Dec 2009 (£) period ended Dec other than Andrew Devenport, the Chief Executive, they received (£) & business relationship (£) Dec 2009 (£) trading no remuneration and no reimbursed expenses were paid to them support (£) building (£) period 2008 (£) ended Dec during 2009. 2008 (£) Wages and salaries 556,732 160,129 Andrew Devenport is also a director and employee of YBI, which Social security 54,801 66,044 Costs of generating funds means that his costs are also included in Note 4, Employees. Pension costs 19,683 9,376 In 2009, he was paid £84,694.58 (compared with £34,582 Costs of generating funds 31,307 10,763 1,052 580 43,702 22,718 Other staff costs 13,350 6,015 in 2008 for the period 1 August to 31 December 2008) in gross salary and for work-related expenses: 31,307 10,763 1,052 580 43,702 22,718 Volunteer expenses 2,924 1,102 647,490 242,666 Year ended 5 months Charitable activities Dec 2009 (£) trading period ended The average number of employees during Dec 2008 (£) the period ended 31 December 2009 was: Strengthen the operational capabilities of the network 106,442 36,595 3,577 1,973 148,587 91,759 Travel & subsistence 16,808 2,577 Mobile phone calls 2,190 1,308 Assess the quality and performance of the network 40,220 13,828 1,352 745 56,145 9,412 Year ended 5 months Dec 2009 (no.) trading period Entertainment 2,758 566 ended Dec 2008 Other 150 15 Raise resources for the network 114,682 39,428 3,854 2,125 160,089 16,038 (no.) 21,906 4,466 Direct charitable activities 8.7 5.6 Expand the network to new countries 28,154 9,680 946 522 39,302 - Management and administration 4.0 3.4 6. Net income Act as an advocate for the network 96,638 33,224 3,247 1,791 134,900 83,311 12.7 9.0 Net income for the period is stated after charging: 386,136 132,755 12,976 7,156 539,023 200,520 The number of employees whose emoluments in the year, as defined for taxation purposes, amounted to over £60,000 was as follows: Year ended 5 months Dec 2009 (£) trading period ended Governance Dec 2008 (£)
Governance 15,762 5,419 530 292 22,003 13,024 Year ended 5 months Depreciation 11,997 6,963 Dec 2009 (no.) trading period Auditors’ remuneration 1 1 15,762 5,419 530 292 22,003 13,024 ended Dec 2008 (no.) Operating lease rentals 29,424 15,808 £60,000 to £69,999 1 - Total support costs 433,205 148,937 14,558 8,028 604,728 236,262 £80,000 to £89,999 1 - Audit services are provided on a pro bono basis and a nominal fee of £1 is charged. Refer to Note 1, Resources expended, for the method used to allocate support costs.
36 37 Notes to the financial statements Notes to the financial statements
For the year ended 31 December 2009 (continued) For the year ended 31 December 2009 (continued)
Below: 7. Tangible fixed assets 9. Creditors 11. Share capital 13. Related parties Lorena Gallo from 2009 (£) 2008 (£) Uruguay, whose cakes and cookies business has been Trade creditors 45,454 107,871 Fixtures IT Total (£) The company is limited by guarantee and has no share capital. There have been no material related supported by Emprecrea. & fittings equipment Other creditors 5,715 5,929 The liability of the members is limited to the sum of £1 per member. party transactions during 2009. (£) (£) Below left: Taxation and social security 24,201 16,941 Oksana Usanova, Cost who set up the first green Deferred income - 393,206 At 1 January 2009 10,420 22,602 33,022 tourism business in the 75,370 523,947 Kremennaya region Additions - 11,910 11,910 12. Commitments of Ukraine with the backing of Youth Business Ukraine. At 31 December 2009 10,420 34,512 44,932 At 31 December 2009 the company has the following annual 10. Statement of funds commitments under operating lease agreements that expire: Accumulated depreciation Unrestricted (£) Restricted (£) Total (£) Land and Office Land and Office At 1 January 2009 1,736 5,227 6,963 At 1 January 2009 479,603 223,987 703,590 buildings equipment buildings equipment Charge for the year 2,082 9,915 11,997 2009 (£) 2009 (£) 2008 (£) 2008 (£) Incoming resources 889,461 763,549 1,653,010 At 31 December 2009 3,818 15,142 18,960 Less than 1 year - - - - Resources expended (630,074) (603,602) (1,233,676) 2-5 years 21,045 3,083 21,045 2,981 At 31 December 2009 738,990 383,934 1,122,924 Net book value 21,045 3,083 21,045 2,981 At 31 December 2009 6,602 19,370 25,972 Forward rate agreement At 1 January 2009 8,684 17,375 26,059 Breakdown of restricted funds: Youth Business International has a commitment with the Funds Funds Total (£) Co-operative Bank to purchase USD 807,400 between 4 January restricted to restricted YBI (£) to members 2010 and 26 February 2010 for £515,911. The aim of this 8. Debtors of the YBI agreement is to hedge the foreign exchange risk on agreed US Network (£) Dollar income as part of a three-year Accenture project.
2009 (£) 2008 (£) At 1 January 2009 (49,148) 273,135 223,987 Other debtors 11,345 18,646 Incoming resources 640,545 123,004 763,549 Income tax recoverable - 12,500 Net income for the year (475,802) (127,800) (603,602) Prepayments and accrued income 401 35,960 At 31 December 2009 115,595 268,339 383,934 11,746 67,106 For funds that have been received restricted to members of the YBI Network, YBI grants this money once certain agreed stages and conditions have been met by the member.
38 39 Supporters
Below left: Below right: Gustavo Heredia Ivan Botushev, who set Sánchez from Bogota, up his tourism business Colombia, who started with the help of Youth his pharmacy called Business Bulgaria. He In addition to the Farmacia Tavo with invested the proceeds The following the support of Jovenes of his loan into several organisations and Patrons Council Empresarios de small rural huts which individuals gave (see overleaf) we would Colombia (JEMCOL). he has renovated. support to like to recognise the Youth Business following organisations International for their support for during 2009: members of the YBI Network:
• Accenture • Inter-American Development Bank • Barclays Capital • BP • British Asia Trust • Diageo • The Loomba Trust • First Caribbean Bank • Lovells • HSBC • The Parthenon Trust • Islamic Development Bank • Chris Rokos • Kauffman Foundation • Scotto Trust • Royal Bank of Scotland Group • Smith & Williamson • Scotto Trust
Andrew Peacock of AP Motor Engineering started his car repair and maintenance garage in 2009 with the help of The Prince’s Scottish Youth Business Trust.
40 41 40 Patrons Council
In November 2009 YBI launched its Banking on the Young: Deloitte: The Loomba Trust: Scotiabank: Patrons Council to recognise and Nichola Odey, Trustee John Connolly, Senior Partner Raj Loomba, Chairman Rob Pitfield, Group Head, International thank key supporters of YBI and the Banking on the Young, formerly known as and Chief Executive The Loomba Trust is dedicated to helping Banking, Scotiabank Canada YBI Network around the world. the McCabe Foundation, has funded Deloitte has supported a number widows, their children and orphans, and Scotiabank is a long-term supporter of initiatives in our network in Argentina, of programmes in the YBI Network – has funded initiatives in our network in our member organisations in Canada Those invited to join the Patrons Council China, India, Kenya, Mexico and Sri Lanka. particularly in Mexico, Argentina Bangladesh, Kenya, Nepal, Sri Lanka, and Trinidad & Tobago, and recently are recent significant supporters of and Saudi Arabia. Syria and Uganda. joined the advisory board of our member YBI and/or a number of members of Barclays Capital: organisation in Mexico. the YBI Network. Leslie Maasdorp, Vice Chairman, Ernst & Young: Lovells: Barclays Capital and ABSA Capital Lisa Cameron, General Counsel John Young, Senior Partner Shell Foundation: Accenture: For the last two years Barclays Capital’s and Managing Partner Lovells has been a long-term supporter of Chris West, Director Adrian Lajtha, Chief Leadership Officer financial support has enabled the delivery Ernst & Young has been a valuable YBI, providing pro bono legal advice and Shell has supported YBI and the and Corporate Citizenship Chairman of the YBI accreditation scheme, supporter of The Prince’s Trust in the UK, now assisting YBI in the development of YBI Network for many years, including Accenture has been one of YBI’s most helping to maintain quality standards as well as the members of our network its governance. developing links between YBI and significant supporters over the past few within the network. in Barbados, Kenya and South Africa. Shell’s Livewire programme, and years and has also developed important The Parthenon Trust: currently provides support to initiatives relationships with several members of our The Centennial Fund: Jane Nelson John and Geraldine Whittaker, Trustees in Hungary, Mexico, Syria and Uganda. network. HE Mr Amr A. Al-Dabbagh, Chairman Jane Nelson is Director of the Corporate The Parthenon Trust has been a The Centennial Fund (TCF) of Saudi Arabia Social Responsibility Initiative of the major supporter of YBI since its Smith & Williamson: Althea Foundation: is a very strong and successful member of Kennedy School of Government, and inception and continues to provide Gareth Pearce, Chairman Alexsis de Raadt-St James, Chairman the YBI Network that has also devoted has provided inspiration and guidance support, encouragement and advice Smith & Williamson gives pro bono The Althea Foundation has played a significant resources to the development for YBI since its inception. to YBI and individual members of auditing services to YBI and played a pivotal role in helping YBI create Youth of the network internationally. the YBI Network. key advisory role in preparing YBI Business America, a not-for-profit KPMG: for independence in 2008. organisation registered in the US that is Chris Rokos Alistair Johnston, Global Vice PricewaterhouseCoopers: expected to join the YBI Network in 2010. Chris Rokos is a partner with Brevan Howard Chairman, KPMG International Glyn Barker, Vice Chairman Asset Management, based in London. KPMG has provided support to YBI PwC is a significant supporter of YBI and and has also worked with our members a number of members of the network – in Canada, Hong Kong and India. in particular in Israel and the UK.
Right: Far right: Kwesi Barclay, who Dennis Au, a young with the support of entrepreneur who set Guyana Youth Business up his business Conduct Trust established his Chinese Medicine Clinic business specialising Limited with the help in graphic designing, of Youth Business photocopying, Hong Kong. laminating, sending/ receiving faxes, and vending of both stationery and electronics.
42 43 The YBI Network Accredited members The YBI Network Accredited members
Argentina Australia Barbados Belize Fundación Impulsar Enterprise Network for Barbados Youth Business Trust Youth Business Trust Belize Young Australians Fundación Impulsar is an independent non- Barbados Youth Business Trust (BYBT) has been Youth Business Trust Belize (YBTB) became an governmental organisation supported by leading Argentinean The Enterprise Network for Young Australians working since its establishment in 1996 to improve social and accredited member of the YBI Network in 2008, and businesses. It was established in 1999 and became an accredited (ENYA) is a not-for-profit public company founded in 2002 by economic conditions by providing start-up loan capital, business has been supported by organisations including the British member of the YBI Network in 2002. Fundación Impulsar has its three young people to support and promote Australian youth mentoring and other business and social support to young High Commission, the Youth Start Plan Fund, UNDP, headquarters in Buenos Aires and a nationwide presence through enterprise. It became an accredited member of the YBI Network entrepreneurial people. BYBT is a founding member of the Scotto Trust, Belize Telemedia, the Inter-American Development regional offices in Tartagal, Salta, Tucumán, Mendoza, Córdoba in September 2008. ENYA has successfully developed four YBI Network. Bank, First Caribbean Bank and the Social Investment Fund. and Misiones in 2009. programmes since its inception with support of the Australian YBTB has also forged close relationships with other members government, including a web-based learning point of business Key facts of the YBI Network in the Caribbean and Latin America. Key facts resources, available free of charge to the public. Total number of young people supported Total number of young people supported since the programme established: 324 Key facts since the programme established: 774 Key facts Number of young people supported during 2009: 5 Total number of entrepreneurs supported Number of young people supported during 2009*: 195 Total number of young people supported Average loan size (US$): 8,950 since the programme established: 25 Average loan size (US$): 1,580 since the programme established: 64 Average number of jobs created by each entrepreneur Number of entrepreneurs supported during 2009: 4 Average number of jobs created by each entrepreneur Number of young people supported during 2009: 21 at the end of the loan repayment period: 5 Average loan size (US$): 3,000 at the end of the loan repayment period: 15 Average loan size (US$): 15,590 Number of active mentors: 136 Average number of jobs created by each Number of active mentor: 255 Average number of jobs created by each entrepreneur Reach of the programme within the country: entrepreneur at the end of the loan repayment period: 2 loans Regional presence Nationwide presence through at the end of the loan repayment period: 2 One main office in the commercial capital, Bridgetown, fully repaid; an average of 2 jobs created by each entrepreneur seven offices:Buenos Aires, Salta, Tartagal, Tucumán, Number of active mentors: 12 but island-wide coverage through partnership with Number of active mentors: 10 Mendoza, Córdoba and Misiones Reach of the programme within the country: Sydney 123 local partners Regional presence: YBTB has one main office in the commercial capital, Belize City, but has a national reach through partnership Contact details Contact details Contact details and association with other non-governmental organisations and Chairman - Alejandro Pineda ENYA Ltd Chairman - David Clarke associations countrywide Chief Executive Officer - Eleonora Nobile PO Box 100 Executive Director - Marcia Brandon Blakehurst NSW Contact details Fundación Impulsar Australia 2221 Barbados Youth Business Trust Chairman - Shaun Finnetty Av L.N. Alem 661 Piso 1 (C1001AAB) Unit 1A, Building #6, Harbour Industrial Estate General Manager - Deanna Gomez-Peyrefitte Buenos Aires, Argentina T: +61 2 8765 4159 St. Michael, Barbados Youth Business Trust Belize T: +54 11 4312 4606 Key supporters T: +1 246 228 2772 Dooney Building, 2nd Floor Suite 3 E: [email protected] AusIndustry, E: [email protected] 57 Albert Street, Belize City, Belize www.fundacionimpulsar.org.ar Australian Government, www.youthbusiness.bb National Australia Bank. T: +501 227 1356 Key supporters Key supporters E: [email protected] Banco Macro, Banco Santander Rio, BG Argentina, Barbados Community Foundation, www.youthbusiness.bz Deloitte, Diageo, Government of the City of Buenos Aires, Barbados Shipping & Trading Company Limited, HSBC, Pan American Energy, Pluspetrol, Unilever. British High Commission, Caribbean Development Bank, Key supporters Citicorp, Esso Barbados, FirstCaribbean International Bank, Belize Telemedia, British High Commission, Goddards Group of Companies, Government of Barbados, First Caribbean Bank, Inter-American Development Bank, Peter Moores Foundation, USAID. Peace Corps, Scotto Trust, Social Investment Fund
44 45 *For the purposes of this section, “supported” means young entrepreneurs supported with a loan and/or mentor The YBI Network Accredited members The YBI Network Accredited members
Bolivia Canada China Colombia Innova Emprendimientos Sociales Canadian Youth Business Foundation Youth Business China Fundación Jóvenes Empresarios de Colombia INNOVA was founded in 2006 following a meeting The Canadian Youth Business Foundation (CYBF) is Initiated by the All-China Youth Federation (ACYF), the Ministry between Bolivia’s Fundación Emprender and Argentina’s the ‘go to’ place for youth entrepreneurship. As a national of Labour and Social Security, the All-China Federation of JEMCOL was launched in 2003 to address the problem of Fundación Impulsar. It operates within Fundación Emprender charity it is dedicated to growing the nation’s economy one Industry and Commerce, and other agencies in November 2003, a 30% unemployment rate among young people in Colombia. and became an accredited member of the YBI Network in 2008. young entrepreneur at a time. CYBF looks at character not Youth Business China (YBC) is a non-profit programme aiming to JEMCOL is part of Fundación Mario Santo Domingo (FMSD), INNOVA has the strong support of ICCO, Fundación Autapo, collateral when providing young people aged 18-34 with promote youth entrepreneurship. a private, non-profit organisation dedicated to developing Mayor’s office of Sucre, Cerámica Guadalquivir and Fundación pre-launch coaching, business resources, start-up financing programmes for the poorest sections of the population. AVINA. INNOVA is present in the regions of Tarija, Santa Cruz and mentoring, to help them launch and sustain a successful Key facts It now operates in Bogotá and Cartagena. and Sucre. entrepreneurial business. Total number of young people supported since the programme established: 1,028 Key facts Key facts Key facts Number of young people supported during 2009: 423 Total number of young people supported Total number of young people supported Total number of young people supported Average loan size (US$): 7,650 since the programme established: 241 since the programme established: 61 since the programme established: 3,470 Average number of jobs created by each entrepreneur Number of young people supported during 2009: 76 Number of young people supported during 2009: 46 Number of young people supported during 2009: 609 at the end of the loan repayment period: 12 Average loan size (US$): 2,180 Average loan size (US$): 1,000 Average loan size (US$): 13,000 Number of active mentors: 1,539 Average number of jobs created by each entrepreneur Average number of jobs created by each entrepreneur Average number of jobs created by each entrepreneur Reach of the programme within the country: at the end of the loan repayment period: 1.78 at the end of the loan repayment period: 1.5 at the end of the loan repayment period: 5 25 local offices across China and a national office in Beijing Number of active mentors: 200 Number of active mentors: 25 Number of active mentors: 1,726 Reach of the programme within the country: Reach of the programme within the country: Reach of the programme within the country: Head office Contact details Offices in Bogotá and Cartagena Offices in Tarija, Santa Cruz and Sucre in Toronto, and nationwide reach achieved through 157 Chief Executive Officer - Gu Liping community partners coordinated by 7 regional offices Project Director - Zou Shujun (Rick) Contact details Contact details Chairman - Pablo Gabriel Obregón Santo Domingo Executive Director - Álvaro Bazán Contact details Youth Business China Executive Director - Luz Marina Chartuni Gallardo Chief Executive Officer – Vivian Prokop Rm 278, Office Building of Su Yuan INNOVA Senior Vice President & Chief Operating Officer - Terry Campbell Beijing Friendship Hotel Fundación Jóvenes Empresarios de Colombia Fundación Emprender 1# of Zhongguancun South Street Calle 70ª No 7-81 Calle La Madrid 472 Canadian Youth Business Foundation Beijing 100873, China Bogotá, Colombia Barrio El Molino, Tarija, Bolivia 100 Adelaide Street West, Suite 1410 T: +591 466 38623 Toronto, Ontario, Canada, M5H 1S3 T: +86 10 6848 6670 E: [email protected] T: +571 607 0707 E: [email protected] www.ybc.org.cn E: [email protected] www.emprender.org T: +1 416 408 2923 www.jemcol.org.co E: [email protected] Key supporters Key supporters www.cybf.ca Accenture Foundation, Banking on the Young, Key supporters Fábrica Nacional de Cemento, China Central Television (CCTV), China Hewlett-Packard Company, Accenture, Baker and McKenzie, Fundación Autapo, Key supporters China Minsheng Banking Corporation, Coosalud , Corvivienda, Fundación Hernán Echavarria, Fundación AVINA, Alberta Government, CIBC (founding partner), China Resource Power Holding Company, China Telecom, Fundación Mamonal, Fundación Mario Santo Domingo, Gobierno Municipal de la Ciudad de Sucre, Industry Canada, Ontario Government, Kai Feng Foundation, McKinney Company Fundación Merrill Lynch, Fundación Restrepo Barco, ICCO & Kerk in Actie, Quebec Government, RBC Foundation (founding partner). Nokia (China) Investment Company, Inter-American Development Bank. Universidad Privada Domingo Savio, Pioneer Group Holding Company. Women of the Year Foundation.
46 47 The YBI Network Accredited members The YBI Network Accredited members
Note to the House - please just use the logo on the right England, Northern Ireland and Wales Guyana Hong Kong India The Prince’s Trust Guyana Youth Business Trust Youth Business Hong Kong Bharatiya Yuva Shakti Trust
The Prince’s Trust is a UK charity that helps young Guyana Youth Business Trust (GYBT) is a micro-finance Youth Business Hong Kong (YBHK) was launched in July 2005 The Bharatiya Yuva Shakti Trust (BYST), a non-profit people overcome barriers and get their lives working. programme set up in 2000. GYBT has provided loans in each and became an accredited member of the YBI Network in October organisation, was set up in 1992 primarily to help disadvantaged Through practical support including training, mentoring and of Guyana’s ten administrative regions and assists men and 2006. The programme covers the whole of the Hong Kong region young people in India to develop business ideas into viable financial assistance, it helps 14-30 year olds realise their women to develop a sustainable livelihood through enterprise. and operates as part of the Hong Kong Federation of Youth enterprises with the guidance and support of a mentor. For over potential and transform their lives. The Prince’s Trust focuses The agency provides individuals with financing, typically to a Groups. YBHK’s vision is “Another Choice. Another Opportunity”. 15 years BYST has helped young people in Delhi, Rural Haryana, its efforts on those who have struggled at school, been in care, maximum value of US$4,000, and business counselling. Chennai, Rural Chennai, Pune, Hyderabad and Rural Maharashtra. been in trouble with the law, or are long-term unemployed. As embodied in the YBI methodology, GYBT is actively involved Key facts It was founded in 1976 by HRH The Prince of Wales. in training its young entrepreneurs prior to disbursement. Total number of young people supported Key facts Successful participants, under this Inter-American Development since the programme established: 127 Total number of young people supported Key facts Bank collaborative programme, are also provided with Number of young people supported during 2009: 23 since the programme established: 1,940 Total number of young people supported business mentors. Average loan size (US$): 5,420 Number of young people supported during 2009: 300 since the programme established: 74,000 Average number of jobs created by each entrepreneur Average loan size (US$): 11,100 Number of young people supported during 2009: 1,993 Key facts at the end of the loan repayment period: 3.6 Average number of jobs created by each entrepreneur Average loan size (US$): 3,580 Total number of young people supported Number of active mentors: 150 at the end of the loan repayment period: 10 Number of active mentors: 3,665 since the programme established: 796 Reach of the programme within the country: One office in New Number of active mentors: 3,000 Reach of the programme within the countries: Operates Number of young people supported during 2009: 99 Territories, with coverage across New Territories, Kowloon and Reach of the programme within the country: Offices in Delhi, across the UK with multiple offices per region (50+ in total) Average loan size (US$): 980 Hong Kong Island Chennai, Hyderabad, Pune, Rural Maharashtra, Rural Haryana Average number of jobs created by each entrepreneur and Rural Tamilnadu-Kancheepuram Contact details at the end of the loan repayment period: 1.28 Contact details Head of National Business Programme - Sophie Beesley Number of active mentors: 78 Unit-In-Charge - Cheung Chi-wai Contact details Reach of the programme within the country: Development Officer - Miranda Ho Chairman – Mr Rahul Bajaj, Chairman & MD, Bajaj Auto Ltd The Prince’s Trust Nationwide coverage through 8 offices and 3 sub-offices Founder Trustee & CEO – Ms Lakshmi V. Venkatesan 18 Park Square East of the Institute of Private Enterprise Development Youth Business Hong Kong London NW1 4LH, UK 3/F, Commercial Complex Bharatiya Yuva Shakti Trust Contact details Clague Garden Estate, Hoi Sing Road c/o Confederation of Indian Industry E: [email protected] Chairman - Yesu Persaud Tsuen Wan, Hong Kong 23 Institutional Area, Lodi Road www.princes-trust.org.uk Manager - Everton Joseph New Delhi - 110 003, India T: +852 3113 7999 Key supporters Guyana Youth Business Trust F: +852 3170 6173 E: [email protected] Capgemini, 254 South Road, Bourda E: [email protected] www.bystonline.org James S. Chanos, Georgetown, Guyana Peter Cruddas Foundation, Key supporters Key supporters The Premier League and T: +592 646 6560 30S Group, Association of Chartered Certified Accountants, American International Group, Bajaj Auto, Bank of Baroda, The Professional Footballers’ Association, E: [email protected] Center for Entrepreneurship, the Chinese Banking on the Young, Confederation of Indian Industry, Royal Bank of Scotland, University of Hong Kong, DLA Piper, Dragon Junior Chamber, Diageo Foundation, Escorts Limited, Godrej Group, Indian Bank Starbucks. Key supporters Hong Kong Department for Trade and Industry, International Finance Corporation. Institute of Private Enterprise Development, KPMG, McKinsey & Company, Inc. Hong Kong, Inter-American Development Bank. Rotary Club of New Territories, The Hong Kong General Chamber of Commerce.
48 49 The YBI Network Accredited members The YBI Network Accredited members
Israel Kenya México Nigeria Keren Shemesh Foundation Kenya Youth Business Trust Jóvenes Empresarios por México Youth Business Initiative Nigeria
The Keren Shemesh Foundation is a privately funded Kenya Youth Business Trust (KYBT) was founded in 2004 to help Jóvenes Empresarios por México, A.C. (JEMAC) is a not-for-profit Youth Business Initiative Nigeria (YBIN) was founded in 2000 non-governmental organisation investing in the next tackle the issue of youth unemployment. It became an accredited organisation which helps young people set up their own to address the issues of youth unemployment, poverty and job generation of business leaders. The Keren Shemesh Foundation member of the YBI Network in 2005. KYBT was launched in businesses. JEMAC works with young Mexicans between 18 creation. It is a non-governmental organisation registered with was founded in December 2005 by the Edmond J. Safra Nairobi but has since expanded to Mombasa. KYBT produced the and 35 years of age to start their own business through three the Corporate Affairs Commission in May 2001, and YBIN’s Philanthropic Foundation in Switzerland and the Rashi 2006 Entrepreneur of the Year for YBI, and in 2009’s competition services: training, mentoring and loan finance. In 2009, JEMAC- programmes are delivered within Lagos State. In 2008, Foundation in Israel, and became an accredited member Daniel Matheri and Linet Indiazi were shortlisted. supported entrepreneur Jorge Noveron reached the final of YBI’s Nigerian poultry farmer Elijah Daramola was a finalist in of the YBI Network in 2007. The Foundation believes in job Entrepreneur of the Year competition with his environmentally YBI’s Entrepreneur of the Year competition. creation via sustainable entrepreneurship exercised by providing Key facts friendly architecture business. pre-business care, business resources, seed finance and Total number of young people supported Key facts ongoing volunteer mentoring. since the programme established: 108 Key facts Total number of young people supported Number of young people supported during 2009: 7 Total number of young people supported since the programme established: 207 Key facts Average loan size (US$): 1,150 since the programme established: 263 Number of loans issued during 2009: 80 Total number of young people supported Average number of jobs created by each entrepreneur Number of young people supported during 2009: 96 Average loan size (US$): 2,000 since the programme established: 558 at the end of the loan repayment period: 4 Average loan size (US$): 1,600 Average number of jobs created by each entrepreneur Number of young people supported during 2009: 102 Number of active mentors: 28 Average number of jobs created by each entrepreneur at the end of the loan repayment period: 2 Average loan size (US$): 21,500 Reach of the programme within the country: at the end of the loan repayment period: 4 Number of active mentors : 50 Average number of jobs created by each entrepreneur Offices in Nairobi and Mombasa Number of active mentors: 145 Reach of the programme within the country: at the end of the loan repayment period: 3 Reach of the programme within the country: Head office in Lagos, Ibadan and Ogun Satate Number of active mentors: 185 Contact details Mexico City, plus regional offices in Guadalajara and Monterrey Reach of the programme within the country: Head office in Tel Chairman - Graham Shaw Contact details Aviv, and nationwide coverage through use of 17 local small Chief Executive Officer – Dave Muumbi Contact details Chairman - Chief Emeka Anyaoku business development centres across the country Board Chairman - Olaf Carrera, Business Affairs, BP México Chief Executive Officer – Mrs Adedamola Ajayi Kenya Youth Business Trust Executive President/Programme Manager - Andrés Rodríguez de Contact details Amref Kenya Country Office 2nd Floor la Torre Youth Business Initiative Nigeria Chairman - Pr. Moshe Many, CEO - Rael Goodman Wilson Airport, PO Box 507 – 00517 NRB 29 Moloney Street Jóvenes Empresarios por México Obalende The Keren Shemesh Foundation for Young Entrepreneurs T: +254 20 600 2186 Esteros No. 38 Lagos, Nigeria Rose House, 18 Yosef Kairo 2nd Floor, Tel Aviv, Israel E: [email protected] Col. Las Águilas www.kybt.org C.P. 01710, México, D.F. T: +234 1 743 0044 T: +972 3 561 3343 México E: [email protected] E: [email protected] Key supporters www.ybinigeria.org www.keren-shemesh.org.il CFC Stanbic, Ernst & Young, T: +52 55 2455 43 82/83 Ford Foundation, E: [email protected] Key supporters Key supporters Islamic Development Bank, www.jemac.org Accenture Nigeria, Ecobank, Bank Otsar Ha-hayal, Edmond J. Safra Philanthropic Foundation, Queen’s Silver Jubilee Trust, Ekiti State Government, Lagos Deep Offshore Logistics, Koret Israel Economic Development Funds, Safaricom, The Indemnity Club, Key supporters Lagos State Government, Ministry of Defence - Discharged Soldiers Department, The International Finance Corporation, Accenture, Bank of America, Mobil Producing Nigeria Limited, Ministry of Industry, Trade & Labour Israel, The Loomba Trust. BP México, Inter-American Development Bank, MTN, Niger Delta Exploration & Production, Private consultants, Small & Medium Enterprises Authority. The McCabe Foundation KPMG, Scotiabank Inverlat, Secretaria de Economia. PricewaterhouseCoopers, SAIO.
50 51 The YBI Network Accredited members The YBI Network Accredited members
Saudi Arabia Scotland South Africa Sri Lanka The Centennial Fund The Prince’s Scottish Youth Business Trust National Youth Development Agency Youth Business Sri Lanka
The Centennial Fund was established in 2004 and The aim of The Prince’s Scottish Youth Business Trust The National Youth Development Agency (NYDA) was Youth Business Sri Lanka (YBSL) is the district expansion of was the first Middle Eastern member of the YBI Network. (PSYBT) is to provide essential finance and professional set up to ensure seamless integration, sustainability and the Hambantota Youth Business Trust (HYBT), which launched It has national coverage in Saudi Arabia but focuses 70% of its support to young people in Scotland aged 18-25, whoever they responsiveness to the demands and aspirations of South Africa’s in 1997. A national expansion strategy for YBSL was initiated resources in rural areas and the smaller cities. The Centennial are and wherever they come from, so that they can set up and youth. Its mandate is to initiate, implement, facilitate and after extensive consultations with potential stakeholders and, Fund is ISO 9001:2008, ISO 27001:2005 and BS 25999 run their own businesses. The Trust has particular concern for the monitor youth development interventions aimed at reducing by the end of 2009, YBSL had expanded the youth entrepreneur certified. It was accredited by YBI in March 2006 in the disadvantaged. PSYBT was founded in 1989 and has a network youth unemployment and promoting social cohesion. The new support programme to five additional districts. presence of HRH The Prince of Wales. of 18 regional offices throughout Scotland helping to change the institution results from the merger of the National Youth future for young entrepreneurs. Commission and Umsobomvu Youth Fund. Key facts Key facts Total number of young people supported Total number of young people supported Key facts Key facts since the programme established: 603 since the programme established: 3,422 Total number of young people supported Total number of young people supported since the programme Number of young people supported during 2009: 158 Number of young people supported during 2009: 2,031 since the programme established: 11,501 established: 52,731 with loans; 3,833 with mentoring Average loan size (US$): 450 Average loan size (US$): 54,260 Number of young people supported during 2009: 797 Number of young people supported during 2009: 8,481 with Average number of jobs created by each entrepreneur Average number of jobs created by each entrepreneur Average loan size (US$): 8,015 loans; 1,300 with mentoring at the end of the loan repayment period: 2 at the end of the loan repayment period: 1.8 Average number of jobs created by each entrepreneur Average loan size (US$): 2,900 Number of active mentors: 400+ Number of active mentors: 3,704 at the end of the loan repayment period: 0.45 Average number of jobs created by each entrepreneur Reach of the programme within the country: Reach of the programme within the country: Offices in Riyadh Number of active mentors: 338 at the end of the loan repayment period: 3 Operations in five districts run by local Chambers and Jeddah, plus coverage in 23 locations, reaching 130 cities, Reach of the programme within the country: Number of active mentors: 10,350 of Commerce and coordinated by a secretariat based in Colombo towns and villages across Saudi Arabia through partnerships with Nationwide coverage through 18 regional offices, Reach of the programme within the country: the local Chambers of Commerce supported by a head office in Glasgow Nationwide coverage with a head office in Johannesburg Contact details Chairman - Mr J. D. Bandaranayake Contact details Contact details Contact details National Programme Manager - Mr Sujeewa Ratnakumara Chairman – HRH Prince Abdulaziz Al Saud Chairman - Shonaig Macpherson CBE FRSE Chief Executive Officer – Steven Ngubeni Chief Executive Officer – Hesham A. Tashkandi Chief Executive - Mark Strudwick CBE Director, International Relations and Partnerships – YBSL Secretariat Mzwabantu Ntlangeni Ceylon Chamber of Commerce The Centennial Fund The Prince’s Scottish Youth Business Trust 50 Nawam Mawatha, Colombo 02, Sri Lanka PO Box 231265, Riyadh 11321 15 Exchange Place National Youth Development Agency Saudi Arabia Glasgow G1 3AN PO Box 982, Halfway House 1685, South Africa T: +94 011 5588884 F: +94 011 2449352 Scotland E: [email protected] T: +966 1 278-5998 E: [email protected] T: +27 11 651 7000 www.ybsl.lk www.tcf.org.sa T: +44 141 248 4999 Call Centre: 08600 YOUTH (96884) E: [email protected] E: [email protected] Key supporters Key supporters www.psybt.org.uk www.nyda.gov.za Ceylon Chamber of Commerce, AHZ Community Service Center (Abdullah Hamad Al Zamil Fund), Confederation of Asia-Pacific Chambers of Commerce and Chambers of Commerce - in 21 different cities, Key supporters Key supporters Industry (CACCI) Foundation, Dallah Al-Barakah Group (Saleh Kamel Fund), BT Scotland, Martin Currie, Microsoft, Royal Bank of Scotland, CIPRO, FIFA Local Organising Committee, Hambantota District Chamber of Commerce, Human Resources Development Fund, Scottish Enterprise, ScottishPower, The Moffat Charitable Trust, Hewlett Packard Massmart, Nestlé South Africa, International Alert, International Labour Organization, Saudi Arabian General Investment Authority, The Robertson Trust, The Wood Family Trust. South Africa Football Association, Ministry of Youth Affairs. Saudi Credit & Saving Bank. South African Government, Standard Bank.
52 53 The YBI Network Accredited members The YBI Network Accredited members
Syria Trinidad and Tobago Ukraine Uruguay BIDAYA Youth Business Trinidad and Tobago Youth Business Ukraine Emprecrea
BIDAYA (Boosting and Inspiring Dynamic Youth Achievement), Youth Business Trinidad and Tobago (YBTT) was founded in Youth Business Ukraine (YBU) was founded in 2006 by Emprecrea was developed by Kolping Uruguay in 2005 as a which means “beginning” in Arabic, was founded by the First 2000, with the first loan being approved in January 2001. Action Donbass, a local project sponsored by the UK programme specifically designed to help disadvantaged but Lady of Syria, HE Mrs Asma al-Assad, and became a licensed The programme seeks to increase economic opportunities Government’s Department for International Development. enterprising young people who lack opportunities. Kolping private foundation in June 2006. The programme now operates and generate income for economically disadvantaged young YBU operates within a local association, Socio-Economic Institution was established in Uruguay in 1985 and is a social, in Damascus, Aleppo and Deir Azzor, and has been accredited people interested in becoming entrepreneurs. Strategies and Partnerships (SESP). YBU was piloted in Donbass Catholic organisation, part of Kolping International. Emprecrea as a member of YBI twice since its establishment. (Lugansk and Donetsk regions), and became an accredited became an accredited member of the YBI Network in 2007. Key facts member of the YBI Network in 2007. Key facts Total number of young people supported Key facts Total number of young people supported since the programme established: 189 Key facts Total number of young people supported since the programme established: 140 Number of young people supported during 2009: 42 Total number of young people supported since the programme established: 48 Number of young people supported during 2009: 12 Average loan size (US$): 1,900 since the programme established: 100 Number of young people supported during 2009: 7 Average loan size (US$): 3,875 Average number of jobs created by each entrepreneur Number of young people supported during 2009: 8 Average loan size (US$): 1,875 Average number of jobs created by each entrepreneur at the end of the loan repayment period: 1 Average loan size (US$): 2,200 Average number of jobs created by each entrepreneur at the end of the loan repayment period: 2 Number of active mentors: 9 Average number of jobs created by each entrepreneur at the end of the loan repayment period: 2.5 Number of active mentors: 79 Reach of the programme within the country: One office located at the end of the loan repayment period: 5 Number of active mentors: 35 Reach of the programme within the country: in central Trinidad, midway between the two major cities Port of Number of active mentors: 100 Reach of the programme within the country: Head office in Offices in Damascus, Aleppo and Deir Azor Spain and San Fernando. Nationwide reach through a referral Reach of the programme within the country: Operating in the Montevideo with coverage in six cities in central and southern system with the Youth Training and Employment Partnership Donbass region of eastern Ukraine, with a head office in Donetsk Uruguay. Contact details Programme (YTEPP) and 9 offices across the region through partnerships with local Chairman - Fadi Sarkis governmental and non-governmental organisations Contact details Chief Executive Officer - Rana Shanawani Contact details Chairman/President – Andrés Lalanne Chairman – Richard P. Young Contact details Programme Manager/Director - Wilder Folco BIDAYA Executive Director – Garland Samuel SESP Chairman - Natalya Lapardina PO Box 13301, Damascus, Syria Programme Manager - Tetyana Gladysheva Emprecrea Uruguay Youth Business Trinidad and Tobago Kolping Uruguay, Gral. Palleja 2590 – CP 11.800 T: +963 11 333 2002 Shop 360, Ground Floor East, Center Pointe Mall Youth Business Ukraine Montevideo, Uruguay F: +963 11 3350 2373 Ramsaran Street, Chaguanas, Trinidad and Tobago Pushkina blvd 13, Donetsk 83001, Ukraine E: [email protected] T: +598 2 203 46 07 E: [email protected] www.bidaya.org.sy T/F: +1 868 665 8621 T: +38 062 381 3291 E: [email protected] www.kolping.org.uy E: [email protected]; [email protected] www.sesp.org.ua Key supporters www.ybtt.org Key supporters Bana & Deri Co., Dawood & Attar Co., Key supporters Durazno Local Government, Global Environment Facility’s Small Grants Programme (United Key supporters Donetsk Chamber of Commerce, Federal Ministry for Economic Cooperation and Development, Nations Development Programme), Gulfsands Petroleum, Arthur Lok Jack Graduate Business School, Donetsk Oblast Employment Centre, Donetsk Regional Council, Flores Local Government, Florida Local Government, Public Corporation for Employment and Enterprise Development, Atlantic LNG Company Trinidad and Tobago, Donetsk Regional Entrepreneurs Support Fund, Gasoducto Cruz del Sur, Inter-American Development Bank, Said Foundation, Shell, Citi Foundation, Inter-American Development Bank, Donetsk Regional State Administration, San José Local Government, Stock Exchange of Uruguay, SYEA – Syrian Youth Entrepreneurs Association, Neal and Massy Foundation, Finnish Embassy in Ukraine, GTZ, Lugansk Regional Council, Universidad Católica del Uruguay, Syria Trust for Development, Republic Bank Trinidad and Tobago Limited, UK Department for International Development (DFID), Uruguayan Government (DIPRODE - Direccion de Proyectos Syrian State Planning Commission. The TSL Group, United Way Trinidad and Tobago. Ukrcommunbank. de Desarrollo).
54 55 The YBI Network Pilot members The YBI Network Pilot members
Bangladesh Brazil Bulgaria Dominica France Ghana Bangladesh Youth Enterprise Conexão Youth Business Bulgaria Dominica Youth Business Trust Entreprendre en Banlieue Youth Business Ghana Advice and Helpcentre Conexão was set up in 2007 and is a joint Youth Business Bulgaria (YBB) is part of The Dominica Youth Business Trust In 2006, PlaNet Finance France created Youth Business Ghana (YBG) is helping to B’Yeah is a not-for-profit organisation. It venture between two organisations: the Junior Achievement, the world’s oldest, (DYBT) was launched in 2004 to invest in the programme “Entreprendre en build a sustainable future by pioneering was established in 2007 with the aim of Committee for the Democratization of largest and fastest-growing non-profit young entrepreneurs who have a dream of banlieue” with the aim of supporting and grassroots enterprise development as a supporting young Bangladeshis who want Information Technology (CDI), which uses economic education organisation. YBB being self-employed but do not have creating microenterprises in solution to youth unemployment and to start their own business, and to enable technology to help social mobility, and started in 2006 as a partnership with The access to the means to make it a reality. disadvantaged neighborhoods, to help poverty in Cape Coast. YBG receives its young people to realise their dream of Rede Cidadã, which creates training and Balkan Children and Youth Foundation, DYBT delivers its programme in urban unemployed people overcome support from the private sector and donor becoming successful entrepreneurs. job opportunities for young people. The and became a pilot programme of the YBI training areas in Dominica but meets the administrative problems with starting up a organisations, and was launched in June B’Yeah has been registered under the partnership with Youth Business Network in 2008. transportation and meals costs to help out business. The programme operates 2006 at the residence of the British High Bangladeshi Societies Registration Act International was launched in March those from rural areas. through neighborhood associations, called Commissioner. 1860 with the Registrar of Joint Stock 2009, following a visit from HRH The Contact details ADAMs (Association for detection and Companies and Firms. Prince of Wales. The initiative will help Chief Executive Officer - Milena Stoycheva Contact details mentoring of candidates Contact details young entrepreneurs get started up in Programme Manager - Maria Yankova Chairman - Ronald Jno Baptiste microentrepreneurs), in at-risk urban Programme Manager - John Akwesi Contact details business in Rio de Janeiro, São Paulo and Programme Coordinator - John Roach areas. Amoah Chairman - Abdul-Muyeed Chowdhury Belo Horizonte. Youth Business Bulgaria Patron - Osabarima Kwesi Atta II Executive Director - Rubaiya Ahmad Junior Achievement Bulgaria Dominica Youth Business Trust Contact details Paramount Chief of Oguaa Traditional Contact details 1 Hristo Belchev Str, Fl. 4, Apt. 7 3 Charles Avenue, Goodwill Executive Director – Gérard Pédraglio Area Bangladesh Youth Enterprise Advice and Executive Director - Fernando Alves 1000 Sofia Commonwealth of Dominica Programme Manager – Catherine Coimet Helpcentre (B’Yeah) Programme Manager - Luciana Lopes Bulgaria Youth Business Ghana 3/7 Asad Avenue T: +767 266 3768 PlaNet Finance France Oguaa Business Incubator Building 3rd Floor Avenida do Contorno T: +35 9 989 4361 +767 245 0297 13, rue Dieumegard 93400 SAINT-OUEN Commercial Street Dhaka-1212 nº 7962, Pilotis, Lourdes E: [email protected] E: [email protected] France Box AD1165 Bangladesh CEP 30 110-062 www.jabulgaria.org Cape Coast Belo Horizonte Key supporters Tel:+33 1 49 21 26 39 Ghana T: + 880 2 01718 643497 Minas Gerais, Brazil Key supporters Agricultural Industrial Development E: [email protected] E: [email protected] / Citibank, N.A. Sofia, Bank of Dominica, http://france.planetfinancegroup.org/ T: +233 42 35675 [email protected] T: +55 31 3291 1067 Center for Entrepreneurship and Executive Caribbean Development Bank, E: [email protected] E: [email protected] / Development, Commonwealth Secretariat Key supporters Key supporters [email protected] Nestle Bulgaria, (Commonwealth Youth Programme – Caisse des Dépôts et Consignations, Key supporters British Asian Trust, Vaptsarov AD, Caribbean Centre), Contrats Urbains de Cohésion Sociale, Barclays Bank Ghana Ltd, Canadian International Key supporters Hewlett-Packard Bulgaria, Cooperative Credit Unions, Fondation BNP Paribas, Fondation RATP, British High Commission, Development Agency, Accenture Foundation. Microsoft Bulgaria, First Caribbean International Bank, Fonds Social Européen, GDF-SUEZ, Fairgreen Ghana Ltd, National Federation of Youth, Publicis Marc Group, Government of Dominica, L’OREAL, Lenovo, Orange, The Business School, Organisations in Bangladesh, General Electric, National Development Foundation Pôle Emploi, Vinci. University of Cape Coast. The Hunger Project, M3 Communications Group, of Dominica, Omni Services, Underprivileged Children’s Bulgarian Business Angels Network. Organization of American States. Education Programme.
56 57 The YBI Network Pilot members The YBI Network Pilot members
Hungary Indonesia Jamaica Nepal Paraguay Philippines Életpálya Foundation Young Entrepreneurs Start Up Jamaica Youth Business Trust Nepal Youth Business Emprendimientos Juveniles Philippine Youth Business (YES) Foundation Foundation The Életpálya Foundation was founded in Jamaica Youth Business Trust (JYBT) is a Fundación Paraguaya, founded in 1985, 1993 with the financial help of Shell YES is one of Indonesia Business Links’s non-governmental organisation which With a dream to tackle the critical issue of is an organisation that pioneered The Philippine Youth Business Foundation Hungary and the Millennium Foundation. (IBL’s) core programmes, launched with became fully operational in August 2008. youth unemployment, the Nepal Youth promoting entrepreneurs through credit was founded in 2003 as a partnership It has been running a programme to Shell, Standard Chartered, McKinsey & It is registered as an independent, private Business Foundation was created in June and training in Paraguay. It works across between the International Labour support young entrepreneurs since 2000. Company, and Yayasan Progressio not-for-profit entity. Since fully resuming 2004 by the Federation of Nepalese the entire country, through 21 regional Organization, Youth Business At present, Életpálya operates in Budapest Indonesia in 2003 to address youth operations in 2008, it has supported five Chambers of Commerce and Industries offices. In March 2010, under the International and the private sector. and other locations in Hungary. unemployment in Indonesia. The aim of entrepreneurs in a variety of industries, (FNCCI) and the Nepalese Young agreement signed in London, Fundación the programme is to empower young with loan applications in progress for Entrepreneurs’ Forum (NYEF). The Paraguaya agreed to launch a new pilot Contact details Contact details people by promoting entrepreneurship as another ten potential beneficiaries, based programme currently operates in programme called Emprendimientos Chairman - Mike Wootton Életpálya Alapítvány a viable career and helping them to set up in both rural and urban areas across the Kathmandu. Juveniles, which will join the YBI Network. Programme Manager - Maria Elena Balasi Balázs Béla u. 18 their own business and expand it in order island. One significant milestone for JYBT This new initiative fits in the framework of Budapest 1094 to provide jobs for themselves and others. is the setting up of a new office including Contact details its Entrepreneurial Education Projects, Philippine Youth Business Foundation Hungary accommodation for a training and Chairperson - Saurabh Jyoti benefiting young people from Asunción Unit 903 Page 1 Building Contact details resource centre for young entrepreneurs. Director – Dilendra Raj Shrestha and Greater Asunción. 1215 Acacia Avenue T: +36 1 217 1449 Executive Director - Yanti Koestoer Madrigal Business Park E: [email protected] Programme Manager - Mohamad Fahmi Contact details Nepal Youth Business Foundation Contact details Ayala Alabang www.eletpalya.hu Chairman - David Clarke FNCCI Building, PO Box 269 CEO Educación Emprendedora - Roberto Muntinlupa City 1780 Young Entrepreneurs Start-Up Programme General Manager - Angela Whyte Pachali Shahid Shukra FNCCI Milan Marg Urbieta Philippines Key supporters Indonesia Business Links Teku, Kathmandu Programme Manager - Alejandra Arréllaga Accenture Hungary, Menara Kartika Chandra Jamaica Youth Business Trust Nepal T/F: +632 842 9334 Hungarian Foundation 7th floor Jl Jend Gatot Subroto kav 18-20 22 Melmac Avenue, 2nd Floor T: (595 - 21) 609 277 +63 918 9125502 for Enterprise Promotion, Jakarta 12930 Kingston 5 T: +977 1 426 2218 E: [email protected] E: [email protected] Shell Hungary. Indonesia Jamaica E: [email protected] [email protected] [email protected] [email protected] www.fundacionparaguaya.org.py T: +62 21 520 2530/3 T: +876 929 0748 F: +62 21 522 3524 E: [email protected] Key supporters E: [email protected] Dwarika’s Village Hotel, www.ibl.or.id/yes Key supporters Federation of Nepalese Chambers FirstCaribbean International Bank, of Commerce and Industries, Key supporters Foundation, Golchha Organisation, Accenture Indonesia, Ministry of Youth. Jyoti Group, ActionCoach, Madan Puraskar Pustakalaya, British Embassy in Jakarta, Nepal Development and Employment Diageo Foundation, Promotion Bank Limited, McKinsey & Company, Nepal Investment Bank, Sahabat UKM (Sampoerna Strategic). Nepalese Young Entrepreneurs’ Forum, Soaltee Hotel Limited, Vaidya’s Organisation of Industries and Trading House.
58 59 The YBI Network Pilot members The YBI Network Pilot members
Poland Russia Singapore Uganda Youth Business Poland Youth Business Russia Youth Business Singapore Uganda Youth Business Trust
Youth Business Poland (YBP) was Youth Business Russia (YBR) is being Youth Business Singapore (YBS) seeks to The Uganda Youth Business Trust was launched in 2006, and now operates as implemented by a partnership between be the leading not-for-profit programme in founded by HRH The Prince of Wales in part of the British Polish Chamber of the Russian Branch Office of the promoting entrepreneurship outreach and November 2007. The programme is based Commerce’s Foundation, FIT. YBP helps International Business Leaders Forum, the in mentoring Singapore youths to be in Kampala and has focused on delivering young entrepreneurs get started up in Royal Bank of Scotland, and British resilient and successful entrepreneurs. It training to potential entrepreneurs in business through a professional mentoring non-governmental development agency, was established in 2008 with strategic deprived areas around the capital city. programme, organised together with Oxfam. YBR started in Russia in 2007. The partnerships with counterparts in China, Coaching Center. Through a partnership first pilot region in Russia is Kaluga, where India and Saudi Arabia. In 2009, YBS Key supporters with the Polish Governmental Bank, BGK, YBR started giving out loans with the managed to clinch a partnership with Citibank Ltd, Youth Business Poland is able to provide support of the Women’s Microfinance SPRING Singapore for matching grants of East Africa Fine Coffee Association, low-interest loans to young entrepreneurs. Network in 2008. The second pilot region up to S$50,000 per project. MTN Communications (Uganda) Ltd, Recently, YBP developed a cooperation is Voronezh, where YBR started giving out Shell (Uganda) Ltd, with HSBC, which prepared a special offer loans with the support of Voronezh Contact details Uganda National Chamber of Commerce, for YBP participants – free-of-charge Regional Fund for Small Business Support National Programme Director – SUPT (NS) United Way International. services and a loan up to US$35,000 for in 2009. Raymond Huang businesses. Outreach and Curriculum Development – Contact details Genevieve Ho Contact details Programme Manager - Boris Tkachenko Chairman - Martin Oxley Youth Business Singapore Programme Manager - Kamila Kaszkiel Youth Business Russia 9 Bishan Place #05-01 International Business Leaders Forum Junction 8 Office Tower Youth Business Poland Parus Business Centre Singapore Ul. Fabryczna 16/22 23 1st Tverskaya St., bld.1 579837 00-446 Warszawa Moscow 125047 Poland Russia T: +65 97336 863 E: [email protected] T: +48 22 654 64 35 T: +7 499 929 79 91/55 www.youthbizsg.org E: [email protected] E: [email protected] [email protected] www.iblf.ru Key supporters www.fit.org.pl Aksaas, Auston Institute, Approximately two Key supporters Singapore Business Federation, thirds of all small Key supporters International Business Leaders Forum, SPRING Singapore. businesses that are A4E Polska, Russian Branch Office, Oxfam, set up by the YBI Network Bank Gospodarstwa Krajowego, Royal Bank of Scotland Group, British Polish Chamber of Commerce, Voronezh Regional Fund for Small Left: Above: are still trading Paweł Gawor and Piotr Paul Quarless of Quarless Coaching Center, Grafikus, Business Support, Zietara, who set up Landscaping, who set up after three years HSBC, Intercontinental, Women’s Microfinance Network CocktailShow Bar his business with the Lovells, SYSCO. (NDCO WMN). Services with the support of the Barbados backing of Youth Youth Business Trust. Business Poland.
60 Board of Board trustees Representatives
Chair: John Downie Adam Lury Elizabeth Padmore YBI’s two Board Representatives People Sir Malcolm John Downie is a Adam co-founded Liz Padmore is were elected in January 2010 by the Williamson senior partner in and ran HHCL - Chairman of accredited members of the network Our board of trustees Malcolm is Accenture’s London the advertising Basingstoke and to help advise YBI’s board. They will Chairman of office. He specialises agency voted North Hampshire play an invaluable role in improving strongly believe in the Clydesdale Bank, in strategy and Agency of the Foundation Trust communication flows between the importance of youth National Australia organisational Decade in 1999. Hospital, a director of YBI Board and the accredited Group Europe, development, as He now runs a Clydesdale Bank and members of the network. entrepreneurship for Signet Jewelers and Cass Business School’s well as mergers and acquisitions and management consultancy practice National Australia Group Europe, trustee economic development, Strategy and Development Board. large-scale transformation. that works with CEOs. He is a non- and member of the F&GP Committee, David Stewart-Patterson He is also Chairman of Friends Provident, executive director of Impower consulting, Ditchley Foundation and a trustee and Executive Vice President, Canadian Council of job creation and a non-executive director of National Australia “I feel privileged to be involved with such a a trustee of One World Action, and member of the Finance and General Chief Executives & Vice Chair, Canadian Youth strengthening of local Bank and the Chairman of the Board of young, vibrant, committed organisation.” mentors small businesses in the Management Committee of Women for Business Foundation Trustees for Youth Business America. south west of England. He has also Women International. communities. They meet Frances Le Grys published four novels. “Entrepreneurship at quarterly to review progress “Only through the private sector can jobs Frances is a “Youth Business International is a unique its core is not an and economic progress be sustained.” corporate partner “As an entrepreneur I have always organisation enabling disadvantaged activity. It is an towards YBI’s goals, and at the international thought the founding principles of young people to realise their potential, attitude, one that assess areas of risk as well Chief Executive law firm Lovells. Youth Business International were through building sustainable businesses.” can and should Officer: Andrew She has experience both innovative and inspirational.” infuse every sector as opportunities for growth. Devenport of a wide range Rupendra Singh of our society.” Outside of the board Andrew is the of mergers Rupendra Singh Chief Executive of & acquisitions activities, including retired as Non- meetings they are all Youth Business acquisitions and shareholder Executive Chairman Sriyan De Silva Wijeyeratne closely engaged with International. arrangements, and alliances for listed of KPMG India in Country Manager, Microsoft Sri Lanka & He joined Youth and unlisted clients. September 2008. Founder Trustee, Youth Business Sri Lanka different areas of YBI’s Business International in May 2005, He helped establish work, such as fundraising, when it was a programme of the “It is very interesting working KPMG’s India “Helping YBI to make International Business Leaders Forum, with and supporting the young operations in 1993-94, and served as more of an impact accreditation becoming CEO of YBI when it became an entrepreneurs of today.” Head of Audit and later as Chief Operating in the countries and legal matters. independent organisation in August 2008. Officer in India. Rupendra is a Fellow of which need it the the Institute of Chartered Accountants most, coupled “I firmly believe that encouraging in England and Wales. with providing entrepreneurship is a powerful and feedback from these sustainable way to address poverty and “YBI focuses on the most valuable grassroots, is both bring opportunity to young people.” asset that every country possesses – a stimulating and the younger generation.” humbling experience.”
62 63 Mikhail Sazonov, who was able to start Youth Business his tourism business The Magic Taiga in Kaluga with the help International team of Youth Business Russia.
Volunteers
YBI would not exist without the dedicated help from a range of volunteers who donate their time to us. We would like to say a particular thank you to the following people who helped us in so many ways in 2009:
Marc Bartel, Kat Bayang, Rachel Breitenbach, Johnny Clive, Alexa Connolly, Darcie Cookson, Holly Davidson, Peter Evans, Louisa Fleming, Helen Gale, Katharina Gammon, Joan Hatheway, Richard Heller, Richard Lucas, Adam Lury, Alexi Makris, Francis Marrinan, Rosemary O’Mahony, Ediane Monteggia, Lindsey Norman, Phil Read, Charlotte Robinson, Mark Steele, Ingrid Tharasook, Employees Noah Thorold, Karly Wai, Brad Wilson Andrew Devenport: Chief Executive Officer Andrew Fiddaman: Managing Director Anne-Marie Brennan: Development Director Sarah McMillan: Operations Director Steve Metcalfe: Communications Director Maarten Rooney: Finance Director Gina Wallace: Stakeholder Director Aarti Bajrangee: Finance Manager Mary Mills-Brown: Network Manager Sietske van der Ploeg: Operations Manager Leon Taylor: Office Manager Hoang-Anh Thi Le: Operations Manager Allegra Whittaker: Advocacy and Development Manager Alexi Makris: Development Assistant
64 65 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 www.youthbusiness.org
Registered in England no. 6550164 Charity no. 1123946
Design www.re-sourceful.co.uk
Paper stock Revive 100 is 100% recycled and has FSC accreditation.
Both the printer and manufacturing mill are FSC certified.
Right: With the help of the Canadian Youth Business Foundation, Shanda Jerrett has been able to create a profitable and award-winning business out of rainy days, with her GumDrops Wet Weather Boutique.
Front cover right: Juan Ramón Nuñez from Argentina, who founded an audiovisual company with the help of Fundación Impulsar and is the 2009 YBI Entrepreneur of the Year.
Front cover left: Wang Jianliang, a young entrepreneur supported by Youth Business China’s Shanghai Zizhu office, and whose award-winning business Cootek is developing new input methods for mobile phones.