for the Period Ended 31 December 2023
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2023 | 2022 | |
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£ |
£ |
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Called up share capital not paid: |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 31 December 2023
2023 | 2022 | |
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Average number of employees during the period |
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for the Period Ended 31 December 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2023 |
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Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 December 2023 |
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Depreciation | ||||||
At 1 January 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 December 2023 |
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Net book value | ||||||
At 31 December 2023 |
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At 31 December 2022 |
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for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Other debtors |
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Total |
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for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Taxation and social security |
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Other creditors |
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Total |
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MENTORING MATTERS is a global mentoring scheme and community interest company that aims to redress the balance of equity and opportunity within the Creative industries. Created for candidates from Black, Asian and Minority Ethnic backgrounds looking for a career in the Arts, the aim is to give insight, advice, direction and inspiration along with practical transferable skills and a support system for our candidates. At the heart of Mentoring Matters is our commitment to community. To support long-term growth and foster connections, we created the MM Alumni network, a key element of our commitment to providing ongoing assistance. MM Alumni facilitates global meet-ups, fosters valuable discussions, and promotes peer advice and collaboration. Our aim is to build a network that grows alongside our candidates as they move towards their goals. Our growing community includes 270 MM Alumni from 20 countries, with the majority based in the UK. We engage with our Alumni in various impactful ways, including: 1. One-on-one mentoring: A 6-month program with industry leaders providing personalized guidance. 2. Workshops: Skill-building sessions that offer open forums for questions and learning. 3. Exclusive benefits: Access to industry events such as fashion shows, panel discussions, and art openings. 4. Career support: Offering practical advice, job opportunities, and community-building resources. 5. Paid opportunities: To date, 30% of our candidates have secured paid roles in their chosen fields through our partnerships. 6. Discussion forums: Leading talks that provide a safe space for candidates to exchange ideas and experiences. 7. Network creation: Connecting candidates with industry leaders and peers to foster collaboration, inspiration, and mentorship. We are a cross generational multi disciplinary community for change and the feedback has been resoundingly positive with our candidates finding the process valuable, uplifting and at times integral to getting their start in the creative industries, Mentoring Matters has been nominated for 3 British fashion council awards for our commitment to change. Our commitment to driving change has been recognized with three nominations for British Fashion Council awards, reflecting the positive impact we’ve made within the industry.
Our stakeholders consist of our Mentees (alumni) the Mentors (industry leaders) Sponsors, Businesses and Individuals that work with us to find paid opportunities for our mentees and our advisory panel. We are in close contact with all of our stakeholders to try and ensure the smooth running of the businesses. We send out feedback forms to our mentees to gain an understanding of experiences and improvements that could be made as we work to constantly evolve our processes to give our Mentees the maximum support. We ask for updates from Mentors to understand how they have found the experience and any challenges that they have faced and also pick up any tips for future Mentors to give them extra tools. We work closely with our sponsors to ensure that they understand our goals and give as much transparency as possible and together we plan as many ways to broaden the experience for our Mentees as possible. We hold face to face discussions with anyone who wishes to have involvement in the scheme so that we can try and ensure everyone is well matched and shares our same intentions to uplift and diversify our industry, we have contracts with businesses who wish to work with our candidates that outline best working practices and ensure a non prejudicial and supportive environment. If at any point we receive feedback around anything that needs to be addressed we take it up immediately with whoever is concerned and resolve as quickly as possible. Our advisory panel consists of individuals well placed within the industry to give advice and perspective on all important decisions. We are in regular contact.
The total amount paid or receivable by directors in respect of qualifying services was £31,225. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
25 September 2024
And signed on behalf of the board by:
Name: Laura Edwards
Status: Director