In 2019 we relaunched our strategy with two defined programmes.
- Secure Financial Futures – Supporting young people to a secure financial future through financial capability and employability training, and;
- Communities – Making positive change in communities through volunteering and fundraising.
The Foundation works with staff and partners at Hymans Robertson, communities and charitable organisations across the United Kingdom to deliver our two core programmes.
Our mission is to support individuals and teams at Hymans Robertson in their efforts to help local communities through fundraising and volunteering, and to help young people to secure financial futures through financial education and training, education or employment.
Initially the aim of the Foundation was to focus on financial education supported totally by volunteers from Hymans Robertson. In 2019, we launched our 10 year strategy with ambitions to reach 10,000 young people and offer 5,000 volunteering hours over the decade. In 2020, the Foundation Board agreed to extend our age focus for young people from a starting age of 14 years to 11 years. This ensures that our funding can support early intervention with younger people.
We provide longer term funding to our charity partners and financial capability training is delivered by specialist provider, MyBnk. Their financial education sessions are provided with charity partners’ employability programmes.
In 2022, the Foundation Board approved a geographical extension of our focus and we now fund education, employability and financial education delivery in London, Birmingham and Scotland.
You can read more about the beneficiary impact of the funded MyBnk programmes in Scotland here.
Communities
- In partnership with people at Hymans Robertson we aim to donate or raise over £2m for community and other charitable organisations. As well as ad-hoc donations, The Foundation offers matched funding for GAYE (Give As You Earn) and for individual, team and office fundraisers;
- To support 5,000 hours of annual volunteering by Hymans Robertson employees. The Foundation looks to engage volunteers with its charity network.
The Foundation is committed to supporting the priorities of the Money and Pensions Service (MaPS), an arm’s-length body of the UK Government that works with stakeholders across a range of sectors to help improve financial education provision at school, at home and in the community.
Alongside parents and carers, schools and teachers are uniquely placed to help children and young people to develop the money skills they need. Their financial education in schools page links to a broad range of research and resources that is available across the UK including their recently launched Financial Education Guidance for schools in Scotland: https://moneyandpensionsservice.org.uk/financial-education-in-schools/.
Secure Financial Futures
- 10,000 young people in training, education or employment as a result of programmes delivered by our charity partners and directly supported by the Foundation;
- Improvement in Financial capability for 5,000 young people trained by MyBnk and directly funded by the Foundation as measured by improvements in:
- Those keeping on top of their bills;
- Individuals willing to seek specialist support with money difficulties;
- Those needing credit to get by at the end of the week / month;
- Young people who considered their debt or rent arrears a burden;
- The median debt reported (from £300 to £120).
