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Annual Report and Accounts for the Year Ended 31 December 2013

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Annual Report and Accounts for the Year Ended 31 December 2013 Annual report and accounts For the year ended 31 December 2013 www.youthbusiness.org About Youth Business International Who we are 2013 highlights Youth Business International is a global In 2013 Youth Business International network of not-for-profit organisations supported more than 14,000 young that help young entrepreneurs build people to start a business, and provided successful and sustainable businesses. entrepreneurship training to nearly 200,000 young people. Our network is dedicated exclusively to supporting under-served young people and is designed to maximise the collaborative The network team’s contribution to this impact of our work. included: The network comprises member We recruited nine new organisations to organisations in 40 countries and a the network, expanding our services for young network team based in London, which is entrepreneurs in Brazil, Chile, Italy, Jordan, responsible for the support and development Mongolia, the Netherlands, Peru, Sweden and of the network. the United Kingdom. The network team is a registered charity and We organised the Global Youth company limited by guarantee, The Prince of Entrepreneurship Summit, bringing Wales Youth Business International Ltd. together 450 experts in youth entrepreneurship. Our role is to facilitate, challenge and enable Youth Business International’s members Through Global Entrepreneurship Week UK, to support ever greater numbers of young we engaged close to 350,000 people and entrepreneurs. were awarded “Country of the Year” by the global organisers. YBI’s proven system of support includes access to finance and a range of locally As a direct result of the network team’s relevant types of non-financial support, fundraising efforts, over half of our including technical training and mentoring. members (22 members) received funds to support under-served young As a combined force, the members of Youth entrepreneurs. Business International and the network team are helping to combat youth We launched new partnerships which will unemployment. More young people bring around £18 million in new support in business means more jobs, more for youth entrepreneurship globally. prosperity and stronger, more resilient communities. We expanded three of our technical support programmes and launched one new technical support programme, in order to strengthen The right support, at member capabilities. the right time, can be The income of the charity was £3.6 million, an increase of 6% from 2012. transformative. Notes “Youth Business International” and “YBI” refer to the activities of the global network, including member organisations and the network team. “Network team”, or “the charity” refers to the activities of The Prince of Wales Youth Business International Ltd. This report accounts for the activities of the network team, but because the UK charity functions as the coordinating body for the entire network, operating under one commonly agreed Strategic Plan, we also refer to the achievements of the whole network. New members joining the network during 2013 are not accredited members until they have been through the accreditation process. The network therefore includes both accredited and unaccredited members but in due course the new members will be accredited, and will not be retained as members of the network if they fail to meet the required standards. 2 Contents Chairman’s statement 4 Message from our CEO 5 Our global network 6 Trustees report 8 Legal and administrative information 8 Vision and mission 9 Achievements in 2013 10 Plans for 2014 21 Organisation, governance and accountability 22 Financial summary 24 Financial statements 26 Independent auditors’ report 26 Statement of financial activities 27 Balance sheet 28 Cash flow statement 29 Notes on financial statements 30 ANNUAL REPORT 3 Chairman’s statement Youth Business International, In 2013 we made great progress a global network focused across the network, helping more exclusively on supporting than 14,000 young people to under-served young start their own business, and entrepreneurs, is dedicated to providing entrepreneurship helping young people reach training to nearly 200,000. their entrepreneurial potential. But we have even more ambitious This is an undoubted challenge, goals in our new three-year but also an exciting one. Our strategy, which aims to support presence in 40 countries means 40,000 young people annually by that our members – and indeed 2017. our network as a whole - are well-positioned to make a real I look forward to reporting back difference. on how, through innovative collaboration between network I believe that our structure as an members and the network team, international network of we are able to make progress diverse members is the best way towards this goal and continue to to meaningfully support as many build Youth Business International young people as as the leading global youth possible. entrepreneurship network. A growing network of locally- led and locally-managed member organisations – which have the necessary reach, the flexibility to try new innovations and enthusiasm to share key learnings – means that YBI is Sir Malcolm Williamson an expanding force in the youth Chairman entrepreneurship sphere. Our London-based network team helps network members increase the scale and quality of support they deliver to young entrepreneurs. A growing network of locally- The team focuses on activities led and locally-managed including partnership development member organisations – and funding opportunities; which have the necessary technical support for members in Mentoring, Training, Technology reach, the flexibility to and Monitoring, Evaluation and try new innovations and Learning; and providing a platform enthusiasm to share key for knowledge-sharing across the learnings – means that YBI network. is an expanding force in the youth entrepreneurship sphere. 4 Message from our CEO Helping young people to important role in the growth and create their own jobs is capacity of YBI, and enhancing a very important part of and extending our ability to em- the solution to the youth power under-served young entre- unemployment crisis. preneurs. Today’s global youth population Technical support is the largest in history and levels of youth unemployment In 2013 the network team en- are at record levels. hanced and expanded the techni- cal support it provides to members, This situation carries with which included developing a new it extraordinary costs for programme in entrepreneurship societies around the world. training. We also hosted a series of We believe that supporting specialised workshops for network under-served young people to members during the Global Youth realise their ambitions, gain Entrepreneurship Summit. confidence, create businesses and to create employment has Influencing the sector a positive, powerful, cumulative effect: their innovation and In 2013 YBI hosted the Global imagination is harnessed earlier Youth Entrepreneurship Sum- for greater, longer-term impact mit and the Young Entrepreneur and they make contributions Awards. Working with the Global which benefit their families Entrepreneurship Monitor, we and their communities. launched our ‘Generation Entre- preneur?’ report which, as the Investing in youth is an efficient largest ever survey of youth en- way of investing in the future. trepreneurship, provided unique insights into the state of youth I would like to highlight some entrepreneurship globally. YBI also key milestones from 2013: hosted a very successful Global Entrepreneurship Week UK, as- A growing and diverse network sessed as the best GEW campaign in the world for 2013, and co-rep- A core strength of our network is resented the UK at the G20 Young the diversity of our members. YBI Entrepreneurs’ Alliance. has grown significantly over the past 12 months – the network Thank you I believe the opportunities welcomed nine new members for YBI over the next - and each organisation brings YBI has made exciting progress innovative ideas and approach- over the past 12 months. 2013 three years are immense. es, strengthening our collective reinforced for the network that, We are determined to knowledge of good practice in through collaboration, we can build a network team youth entrepreneurship. maximise the scale and quality of support that young entrepreneurs that enables members New partners and new receive. Thank you all so much for to grow their impact so programmes your support. that together we can A major milestone in 2013 was improve the lives of ever the announcement of £18million more under-served young of new partnerships across the entrepreneurs. network. Our valued partners, in- cluding Accenture, BG Group, Bar- Andrew Devenport clays and the Multi-lateral Invest- Chief Executive Officer ment Fund of the Inter-American Development Bank, are playing an ANNUAL REPORT 5 Our global network 38 35 4 NT 29 33 34 39 30 36 22 32 37 28 26 19 31 25 18 27 17 20 21 7 8 2 11 14 6 24 15 23 13 10 3 9 16 1 12 5 Countries and members THETHE AMERICAS AMERICAS 10 Paraguay 1 1 Argentina Argentina 10Emprendimientos Peru Juveniles Fundacion Fundacion Impulsar Impulsar www.fundacionparaguaya.org.pyColectivo Integral de Desarrollo www.fundacionimpulsar.org.ar www.fundacionimpulsar.org.ar 11 Peru www.cid.org.pe 2 2 Barbados Barbados 11Colectivo Trinidad Integral and Tobago de Desarrollo BarbadosBarbados Youth Youth Business Business Trust Trust www.cid.org.peYouth Business Trinidad and Tobago www.youthbusiness.bb www.youthbusiness.bb 12 Trinidad www.ybtt.org and Tobago
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