YOUTH BUSINESS INTERNATIONAL
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £1.248m for the year, resulting in a decrease in total funds from £3.248m to £2.0m. Per the trustees' report, unrestricted free reserves of £0.8m were held at year-end, which is below the stated policy target of £1.3m (equivalent to six months of staff and other non-programme costs).
What the accounts disclose
“As of 31 December 2024, unrestricted free reserves came to £0.8m.”
“Anita Tiessen, CEO and Trustee, was paid £131,796 (2023: £124,668) in her role as an employee and CEO of YBI. No other charity trustee received payment for professional or other services supplied to the charity (2023: £nil).” — page 41
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "below" (FY2024).
Funders the charity credits
- Bank of America
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Marta Ewa Krupinskachair
- Andrew James Smart
- Babajide Oluwase
- Caroline Adenike Adeyemi
- Ellora-Julie Parekh
- Lydia Maud Jessica Savill
- Matthew James Wallace
- Meaghan Elizabeth Ramsey
- Romeo St Paul Effs
- Thomas Downey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.9m | £5.1m |
| 31/12/2023 | £4.6m | £4.8m |
| 31/12/2022 | £6.1m | £5.0m |
| 31/12/2021 | £2.8m | £4.0m |
| 31/12/2020 | £6.6m | £6.2m |
Common questions
Is YOUTH BUSINESS INTERNATIONAL financially healthy?
The accounts state that the charity reported a net expenditure of £1.248m for the year, resulting in a decrease in total funds from £3.248m to £2.0m. Per the trustees' report, unrestricted free reserves of £0.8m were held at year-end, which is below the stated policy target of £1.3m (equivalent to six months of staff and other non-programme costs). Its FY2024 accounts were audited by Sayer Vincent LLP.
Who funds YOUTH BUSINESS INTERNATIONAL?
Funders whose own accounts filings name YOUTH BUSINESS INTERNATIONAL as a grant recipient include STANDARD CHARTERED FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| STANDARD CHARTERED FOUNDATION | FY2024 | £379.0m |
| STANDARD CHARTERED FOUNDATION | FY2023 | £94.0m |
| STANDARD CHARTERED FOUNDATION | FY2022 | — |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE WESTMINSTER FOUNDATION | 2 | £367k |
| JOHN LAING CHARITABLE TRUST | 1 | £450k |
| SPIELMAN CHARITABLE TRUST | 1 | £245k |
| THE DANSON FOUNDATION | 1 | £100k |
| THE NISBET TRUST | 1 | £51k |
| SANTANDER UK FOUNDATION LIMITED | 1 | £50k |
| THE NANI HUYU CHARITABLE TRUST | 1 | £45k |
| The Rathbones Group Foundation | 1 | £41k |