2025-02-27-accounts - Waltham Abbey Youth 2000

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WALTHAM ABBEY YOUTH 2000

ANNUAL REPORT AND INDEPENDENTLY EXAMINED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2025

Company Registration Number - 3325776

Charity Commission Registration Number - 1071248

WALTHAM ABBEY YOUTH 2000

ANNUAL REPORT AND INDEPENDENTLY EXAMINED ACCOUNTS

FINANCIAL STATEMENTS for the year ended 28 February 2025

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|||||| |---|---|---|---|---| |CONTENTS|PAGE| |Legal and administrative|information|2| |Report of|the trustees|3-7| |Report of|the Independent Examiner|8| |Statement|of Financial|Activities|9| |Balance|Sheet|10| |Notes forming part of|the|financial|statements|11-17|

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WALTHAM ABBEY YOUTH 2000

TRUSTEES ANNUAL REPORT

Year ended 28 February 2025

Legal and administrative information

Directors

The Directors of the company who served during the year were as follows:

Elaine Fletcher Chairman Daniel Gallagher Helen Kane re-elected 18.10.2024 Simon Kane Pesh Kapasiawala

Each Director is also a member of the company. The Directors have delegated the day-to-day running of the Charity to a Management Committee comprising themselves and the other members who between them represent the wider community of Waltham Abbey and the various statutory authorities. The Management Committee is as listed below.

Management Committee:

Ben Adetimole	Finance Director and a local volunteer
MarkBoyce	LocalBusinessman and
Pat Brooks	Resigned 8 March2024
Elaine Fletcher	Trustee, Chairman
Daniel Gallagher	Trustee, Waltham Abbeybusinessman
Vanessa Gayton	EFDCTeamManager Culture &Community
Cllr HelenKane	Trustee, Waltham Abbey Town Councillor&Epping Forest District Councillor
	until May 2024
Cllr. SamKane	Trustee, Waltham Abbey Businessman, Waltham Abbey Town Councillor w.e.f.
	autumn 2024 andEssex County Councillor
Pesh Kapasiawala	Trustee, Local businessman
CllrMaria Markham	Local Resident, Waltham Abbey Town Councillor& Epping Forest District
	Councillor
Jessica Pease	Essex Girls andBoys Clubs (Co-opted)
Principal& Registered	Office: 154 BrookerRoad
	WalthamAbbey
	Essex
	ENS 1JH
Telephone:	01992 763953
Independent Examiner:	MrDeanG Coothapen (FCCA, MSc)
	Chartered Accountant
	54 Sun Street
	Waltham Abbey
	Essex
	ENS1EJ

WALTHAM ABBEY YOUTH 2000

Report of the Trustees for the year ended 28 February 2025 The Trustees, who are also directors of the charity for the purposes of the Companies Act, present their annual report and financial statements for the year ended 28 February 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ (FRS 102) in preparing the annual report and financial statements of the charity, which are also prepared to meet the requirements for a directors’ report as required by company law. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014 (as amended by Update Bulletin 1 published on 2 February 2016).

The names of the Directors in office during the year are given on page 2. In accordance with the Charity’s Memorandum and Articles of Association, trustees/directors have to stand down after three years of appointment but can offer themselves for reelection. Helen Kane had to stand down and offered herself for re-election at the Annual General Meeting held on 18 October 2024 and was duly re-elected.

The Bank Mandate has been set up for two Trustees to sign all instructions to the Bank. It ensures that no two members of the same family can sign instructions together.

It continues to be recognised by the Trustees that there is a need to attract new and younger people to the organisation to ensure the continued success of the charity going forward.

Structure, Governance and Management

Governing Document

The Charity is established as a company limited by guarantee and not having a share capital. The affairs of the Charity are governed by its Memorandum and Articles of Association. The liability of the members in the event of the Charity’s being wound up is limited to a sum not exceeding £5, being a maximum of £1 for each of the members.

Recruitment, Training and Appointment of Directors

The Directors of the Company are also Charity Trustees for the purposes of charity law. Under the requirements of the Memorandum and Atticles of Association the directors are elected for a period of three years, after which they must be reelected at the next Annual General Meeting.

The Directors have sought to ensure that appropriate skills and experience are represented amongst them. The Directors attend relevant courses and training events for charities and voluntary organisations, including training on making grant applications, the benefits of partnership working, and national lottery award schemes as appropriate.

Management Committee

The day-to-day running of the Company’s affairs has been delegated to a Management Committee. The Directors are all members of the Management Committee, and the other members represent the statutory authorities which work in partnership with Waltham Abbey Youth 2000, local business and local residents representing the wider community of Waltham Abbey.

The Committee evolves as changes take place within the statutory authorities and other circumstances that have a direct impact on the work of the organisation.

WALTHAM ABBEY YOUTH 2000

Report of the Trustees for the year ended 28 February 2025

Objectives and Activities

The Company’s objectives are as follows:-

(i) To acquire, purchase and maintain the leasehold property known as and situated at 154 Brooker Road, Waltham Abbey, Essex;
(ii) To develop a safe and healthy environment for the people of Waltham Abbey by establishing appropriate provision for the young people in order to:
(a) Create awareness of the facilities available to enable them to make gainful use of their leisure time; (b) Encourage them to understand their duty and responsibilities both to themselves and others within the community; and
(c) To educate them to think for themselves and lead them towards taking responsibility for their own actions.
(iii) To achieve awareness of the whole community involving amongst others:- the young, the old, parents, the churches, voluntary organisations, statutory authorities, business and commerce.

The main objectives and activities for the year were to maintain and where possible increase the provision of youth services at 154 Brooker Road, Waltham Abbey including extra school holiday activities, together with the Confidential Counselling facility at King Harold Academy and to maintain and improve the youth centre.

Achievements and Performance

The main areas of charitable activity are the provision, maintenance and improvement of the youth centre at 154 Brooker Road, Waltham Abbey, the running of youth activities at the centre, through Yip Yop Youth for younger children aged 7 to 11 and subject to funding and staffing, New Images for young people from School Years 7 to 11 together with the provision of school holiday activities, a cookery facility, WAY2COOK and the provision of a confidential counselling service, WAY Forward, for the young people of Waltham Abbey together with a Parent Drop-In facility. The charity makes the premises available to other organisations whose aims and objectives complement those of the Charity.

Facebook is used to promote the activities of the Charity to the community and continues to attract a good following.

New Images Youth Centre

We must thank Integrations, Sam and Helen Kane’s company, for sponsoring the “Nanny” security software for the computers and for the ongoing maintenance and servicing of the computers.

We must also thank Angle Builders Ltd, Dan Gallagher’s company for the general maintenance carried out at the premises at no cost to the Charity.

WALTHAM ABBEY YOUTH 2000

Report of the Trustees for the year ended 28 February 2025

Yip Yop Youth Club

Yip Yop Youth continued to be run by Jade Zielinski, who took over the running of the club in January 2022. She had joined the staff team having previously worked at the club on a voluntary basis. She continued to be assisted by Julie Smith and Jenny Ellis.

Unfortunately, it still was not possible to find a 4tt member of staff so that the club members could be increased to 30.

This means that the numbers of members attending the club have to be restricted to 20 per session to meet the Safeguarding Policy’s ratio requirements which are 1 member of staff per 10 club members. Whilst there are 3 members of staff, 1 was involved in running the tuck shop facility for the club members and therefore there were only 2 members of staff overseeing the youngsters.

As always, a variety of activities were held including table tennis, table football, computer games and arts and crafts.

Unfortunately, due to funding issues, the club had to be closed with effect from September 2024 until sufficient funding could be attracted to cover the costs.

We continually seek funding to restart the club and look at ways to improve the facilities to meet the aspirations of the club members.

New Images

Unfortunately, we were unable to re-open New Images because of a variety of issues and the shortage of funding.

We will continue to seek funding to reopen this facility as soon as possible.

WAY2COOK

Despite WAY2COOK, which was run by Neil O’Dell and assisted by Julie Smith, continuing to be very popular, we also had to close the facility due to funding issues with effect from September 2024. Parents had advised the staff of the huge difference the sessions have had on the young people’s eating habits which have been considerably extended by the wide variety of recipes used. Numbers do have to be restricted because of the size of the kitchen facilities but several families in the town continued to be helped during the widely published negative economic issues affecting people’s finances.

As with the other clubs, we will continue to seek funding to re-open this facility as soon as it is viable.

WALTHAM ABBEY YOUTH 2000

Report of the Trustees for the year ended 28 February 2025

WAY Forward Confidential Counselling and Parent Drop-In Facility

Angie Pearson, our professional counsellor, has now worked with the Charity for over 25 years.

She continues to work with young people at King Harold Academy, the sole secondary school in Waltham Abbey.

She has had 17 new student referrals during this financial year and 27 parent/carer referrals.

If it is decided that the young person does not need to continue with the sessions they are advised that if they need further help in the future, the door is always open. For some young people, the sessions go on for much longer. She meets with the students at the school and whilst she starts with a 6 session plan for the young person it is kept under review. It is decided after the 4" session whether the young person needs further assistance. If it is decided that the young person does not need to continue with the sessions they are advised that if they need further help in the future, the door is always open. For some young people, the sessions go on for much longer.

The Parent Drop-In facility continued to be very popular. The parents and carers have problems of their own such as family break ups and, sadly, domestic abuse etc. They realise that these issues are affecting their children and are seeking help for themselves and their children. Angie provides support, guidance, strategies, tips, signposting to organisations who can help them with issues such as finance, housing etc. It has had a very positive impact on a significant number of parents. Unfortunately, we were unable to continue the facility for parents/carers to meet on a weekly basis, enabling them to socialise and get involved with a variety of arts and craft activities and when necessary, see Angie in private. Despite the closure of the facility also due to funding issues, Angie kept in constant contact with all the beneficiaries in her own time

Premises Hire:

The Football Academy of Excellence Youth, (FAE) a group that provides football facilities to young people, have continued use our premises for office purposes which was agreed. All users of the building are required to hold their own Public Liability Insurance. The Trustees also check that they have appropriate systems in place for DBS checks.

Financial Review

The Trustees continue to do everything possible to attract funds and look to alternative ways of doing this either through more fund-raising activities or developing enquiries to hire the building in order to maintain and extend the services for the benefit and wellbeing of the young people of Waltham Abbey as well as seeking grant funding.

During the year the following financial assistance was gratefully received:

Apil 2024 £1250 from Waltham Abbey Town Council towards WAY Forward Counselling costs June 2024 £3000 from Charles S French Charitable Trust towards WAY Forward Counselling costs October 2024 £1500 from Pat Newman Memorial Trust towards general costs December 2024 £5000 Essex Community Foundation towards general costs February 2025 £7,000 from Core Acre Cost Fund, administered by Essex Community Foundation towards WAY Forward Counselling In addition: £322.30 was received from Collection boxes in various pubs in Waltham Abbey and the Co-op store in Upshire. £492.38 was raised from Yip Yop Youth club member contributions and the tuck shop facility £188.00 was raised from WAYCOOK club member contributions £114.50 was received from Essex Lottery

£4,200.00 was received from FAE in respect of Room Hire.

WALTHAM ABBEY YOUTH 2000

Report of the Trustees for the year ended 28 February 2025

£1200.00 was received from 3food4U in respect of room hire during the school holidays.

£122.00 was raised from a Tombola and a “Hook the Duck” facility at the Waltham Abbey Town Show in June 2024

A donation of cleaning products was donated by Tesco Superstore in Waltham Abbey.

WAY 2000 is extremely grateful for all the financial help and assistance it has received from a variety of sources to enable us to provide the vital Counselling Service together with general funding which helped towards the costs of maintaining the premises.

The Trustees volunteer their professional expertise in a number of areas. Dan Gallagher, is always on hand to carry out general repairs and maintenance to the property. Sam and Helen Kane are a tremendous help with the IT issues encountered and their representation of the Charity at Town, District and County Councils is also helpful. The administrative and financial work is carried out by Elaine Fletcher.

The Trustees also appreciate the guidance in matters such as Safeguarding Policy Reviews and leads for grant opportunities which is given by Essex Boys and Girls Club to which WAY 2000 is affiliated.

Reserves Policy

Whilst the Trustees continue to believe that the charity should aim to have sufficient funds in hand for one year’s expenditure but, as usual, this continues to be very difficult. Grants for restricted funds agreed for use on specific projects, such as counselling or cookery, and general funding have to be used within the timescales set by the funders, usually 12 months. If funding is not spent within the timescales, the funding has to be returned. Consequently, applications for funding are a constant task.

In order to control outgoings, the Trustees ensure that expenditure on administration, premises and utility costs is as economic as possible.

WALTHAM ABBEY YOUTH 2000

Report of the Trustees for the year ended 28 February 2024

Appreciation The Trustees wish to record their appreciation to all the other members of the Management Committee and their contribution towards the running of the Charity whether it is in an advisory capacity or in a practical way.

In addition, the Trustees are extremely grateful for the Yip Yop Youth team led by Jade Zielinski and Neil O’Dell and Julie Smith who ran WAY2COOK. Hopefully they will continue their efforts to attract members to clubs, and provide the excellent service for the benefit of the young people of Waltham Abbey as soon as we are able to re-open these facilities once funding is available.

The Trustees cannot over emphasis the huge contribution Angie Pearson has made and her excellent work for the young people of Waltham Abbey. So much of her work is done in her own time and the success of the service is entirely down to Angie. Her work is recognised in the wider community beyond King Harold Academy and WAY 2000. The Parent Drop-In facility became a very valued additional initiative by the parents and King Harold Academy. We are hopeful that we will be able to attract funding so that we can re-open the Parent Drop-In facility to enable parents and carers to meet up and socialise in a variety of ways The charity is dependent on the goodwill of its committee members and volunteers in everything it does. It is grateful for the help it receives from local people, businesses and organisations, and is confident that support will continue into the future.

Public Benefit

As outlined above, within the Charity’s achievements and performance, the Trustees have given due consideration as to how activities have been undertaken to meet the Charity’s aims for public benefit. The Trustees have followed guidance as set out by the Charity Commission.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the Directors on ... 14 L i) 202 ......... and signed on its behalf by:

Mrs H Kane On behalf of the Board of Directors

WALTHAM ABBEY YOUTH 2000

Independent Examiner's Report to the Trustees of Waltham Abbey Youth 2000 I report to the charity trustees on my exam ination of the accounts of the company for the year ended 28 February 2025 which are set out on pages 9 to 17.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect ofmy examination ofyour company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

| have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Thave no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in % er to enable a proper understanding of the accounts to be reached.

Dean G Coothapen FQCA MSc Chartered Certified Accountant 54 Sun Street Waltham Abbey Essex ; ENS 1EJ thy Lal2s

WALTHAM ABBEY YOUTH 2000

Statement of Financial Activities (including Income & Expenditure Account) for the year ended 28 February 2025

			2025		2024
	Note	Unrestricted	Restricted	Total	Total
		Funds (£)	Funds (£)	Funds (£)	Funds (£)
Income from
Donationsandgrantsreceivable Othertradingactivities Investments Other	2 3	14,100 5,844 64 795	11,250 - - -	25,350 5,844 64 795	34,735 4,536 179 1,732
Total		20,803	11,250	32,053	41,182
Expenditureon
Raising funds		20	-	20	20
Charitable activities	4	25,331	14,695	40,026	50,551
Total		25,351	14,695	40,046	50,571
Net (expenditure) for theyear		(4,548)	(3,445)	(7,993)	(9,389)
Reconciliation offunds
Totalfundsbrought forward		89,869	29,491	119,360	128,749
Totalfundscarriedforward	14	85,321	26,046	111,367	119,360

The notes on pages |1 to 17 form an integral part of these accounts.

WALTHAM ABBEY YOUTH 2000

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Balance Sheet as at 28 February 2025
Note 2025 2024
(£) (£) (£) (£)
FIXED ASSETS 3 107,827
Tangible Assets 11 104,334
CURRENT ASSETS 13.543
Cash at bank and in hand 6,921 5
Debtors 12 1,132 1,194
8,053 14,737
CREDITORS
Amounts falling due within one year 13 1,020 3,204
NET CURRENT ASSETS 7,033 11,533
111,367 119,360
FUNDS
Unrestricted Funds 14 85,321 89,869
Restricted Funds 14 26,046 29,491
111,367 119,360
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For the year ending 28 February 2025, the directors are satisfied that the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for:

i) ensuring that the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

ii) for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the directors on pu | l| |

2025 and signed on their behalf by:

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4. atl
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Mrs H Kane a Director

The notes on pages 11 to 17 form an integral part of these accounts.

WALTHAM ABBEY YOUTH 2000

Notes forming part of the Financial Statements for the year ended 28 February 2025

The company has been established as a private company limited by guarantee, incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member ofthe charity. The addresses for the registered office and place ofbusiness are as presented on the legal and administrative page to the financial statements. The nature of the charity’s operations and principal activities are as set out on page 3,4 and 5 of the financial statements.

Accounting policies The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 1.1 BasisThe charityof preparationconstitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin | published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

The charity has applied Update Bulletin | as published on 2 February 2016 and does not include a cash flow statement on the grounds that it the entity is a small charity.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. 1.2 Funds ° Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. e Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. e Restricted funds are subj ected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 1.3 Income recognition avid amie resources are included in the Statement of Financial Activities (SoFA) when the charity is legally° entitlec to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in iting. there are conditions attached to the donation and this requires a level of performance before entitlementcondtteneions isia-nithecanwithin be obtainedthe control thenof income the charityis deferreddeferredand it untilis probableuntil thoseth conditionsthat theyiti willare fullybe fulfilled. met or the fulfilment of those Feet the chaiity. omnesIncome includes; income) earned from fundraisingHl : events and: trading activities: to raisej eae ote a neome Is receive in exchange for supply services in order to raise funds and is recognised The charity receives grants in respect of the provisis i on of core services.i Tneome from government aig) Guliet met,grantsit areis probablerecognisedthatat thefair income value whenwill bethe r e charityceivedceivedhasand andentitltheiM amountement aftercan anybe measured performancereliably. conditionsIf entitlement have beenis naturel. Ae these suneants ane deferred annfromce c o onditionsitiowe att achedor oerto grantsthe grantis recognised have been met,whenit theis aprobabl companyetna has Heentitl Meei e ment2i toBy the SSIfunds,‘ved any the amount can be reliably measured. 12

WALTHAM ABBEY YOUTH 2000 Notes forming part of the Financial Statements for the year ended 28 February 2025 (Continued) 14 ExpenditureAll expenditurerecognitionis accounted for on an accruals basis: and has been classified. under headings. that aggregate a costs related to the category. Expenditure is recognised where there 1s a legal or construction obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measure reliably. It is categorised under the following headings: e Costs of raising funds includes an appropriate of payroll cost allocated to the function of fund-raising activities; «act
e Expenditure on charitable activities essentially includes the payroll costs and free-lance costs of individuals providing counselling sessions; and
e Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
1.5 Support costs allocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects ofthe charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have been allocated on a floor space basis and other overheads have been allocated on a usage basis. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

The analysis of these costs is included in note 5.

1.6 Fixed assets Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £250 are not capitalised. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings ~ 20% on cost per annum Short Leasehold - Over the period of the lease

1.7 Operating leases Rentals applicable to operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

1.8 Employee benefits When employees have rendered service to the charity, short-term employee benefits to which the employces are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

1.9 Taxation The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph | Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
1.10 Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

WALTHAM ABBEY YOUTH 2000

Notes forming part of the Financial Statements for the year ended 28 February 2025 (Continued)

1.11	Cash at bank Cashatbankandcashinhandincludescashandshorttermhighlyliquid threemonthsorlessfromthedateofacquisition oropeningofthe deposit	Cash at bank Cashatbankandcashinhandincludescashandshorttermhighlyliquid threemonthsorlessfromthedateofacquisition oropeningofthe deposit	liquidinvestmentswithashortmaturity the depositor similaraccount.	liquidinvestmentswithashortmaturity the depositor similaraccount.	liquidinvestmentswithashortmaturity the depositor similaraccount.	; maturityof
2.	Donationsandgrants receivable	Unrestricted Funds ©	2025 Restricted Funds (f)		Total Funds (©)	2024 Total Funds (©)
	EssexCommunity Foundation EppingForestDistrictCouncil CharlesS FrenchCharitable Trust	5,000 < - -		7,000 - 3,000 -	12,000 - 3,000 -	19,500 2,000 3,000 5,000
	Essex Youth Trust			-	-	2,000
	Fowler Smith&Jones Waltham AbbeyTowncouncil Mrs Smith and Mount Trust PatNewman MemorialTrust Elaine Fletcher AngleBuilders Tesco book donations	- - - 1,500 6,000 1,600 -		1,250 - - - - z	1,250 - 1,500 6,000 1,600 -	- 3,000 - - - 235
		14,100		11,250	25,350	34,735
3.	Incomefromother trading activities				2025	2024
					(£)	(£)
	Fees from room hire er F 2 und-raising income				5,400 444	4,200 > 336
					5,844	4,536

Income above was attributable to unrestricted funds.

WALTHAM ABBEY YOUTH 2000

Notes forming part of the Financial Statements for the year ended 28 February 2025 (Continued)

Analysisofexpenditureoncharitable activities	Activitiesundertaken directly (£)	Supportcosts (Note5) (£)	Total (£)
Coreactivity-Youth Centre	5,396	19,525	24,921
YouthCounselling(including parent	14,130	975	15,105
drop in service)
	19,526	20,500	40,026

Expenditure on charitable activities was £40,026 (2024: £50,551) of which £25,331(2024:£25,918) was unrestricted and £14,695 (2024: £24,633) was restricted.

WALTHAM ABBEY YOUTH 2000

Notes forming part of the Financial Statements for the year ended 28 February 2025 (Continued)

5.	Allocation ofsupport costs Supportcost		Basisof allocation		Coreactivity YouthCentre (£)	Youth Cot	Youth Cot	Total )
	Jnsurance Light,heatandtelephone Governance Professionalfees Depreciation Amortisation Premisescost(inctenancy Other	costs)	Pro-rata Pro-rata Pro-rata Pro-rata Direct Direct Pro-rata Direct		2,328 5,125 912 45 100 3,223 7,506 286		123 270 48 - - 170 364 -	2,451 5,395 960 45 100 3,393 7,870 286
					19,525		975	20,500
6.	NetIncoming Resources for the year
						2025		2024
							(£)	(£)
	Depreciation andAmortisation					3,493		3,974
	Accountancy					1,020		1,020
7.	StaffCosts and Employee	benefits
							2025	2024
							£	£
	Staffcosts:
	Wages and salaries						5.275 >	gage aD)
	No employee earned £60,000 p.a. ormore during the			accounting period.
	The average number of it & employees and		: 7 full time equivalent		/ (FTE) analysed by	. function	during the year	was as
	follows:
					2025		2024
					Number	FTE	Number	FTE
	YouthCentreservices				5	;	.	1

WALTHAM ABBEY YOUTH 2000

Notes forming part of the Financial Statements for the year ended 28 February 2025 (Continued)

8 Trustees and key management personnel remuneration and expenses No company director or member ofthe management committee received any emoluments or reimbursed expenditure from the charity during the year. All administrative and general maintenance work undertaken on behalf of the charity is performed on a voluntary basis. The company had five employees during the year (2024: Five).
Independent examiners remuneration Independent examiners remuneration amounts to an. independent examination fee of £960 (2024: £960).
TaxationAs acharity, Waltham Abbey Youth 2000 is exempt from tax on income and gains to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
Tangible fixed assets

11.	Tangiblefixedassets
11.	Tangible fixed assets	Leasehold Properties (£)	Fixtures & Fittings (©)	Computer Equipment (©	Total (£)
	Cost orvaluation At	March2024	216,178	19,255	6,000
	At 28February2025	216,178	19,255	6,000	241,433
	Depreciation At 1 March2024 Chargefor theyear	108,453 3,393	19,154 100	5,999 .	133,606 3,493
	At28February2025	111,846	19,254	5,999	137,099
	Netbook value at	104 ae		1	22 104,334
	28 February 2025
	Net book value at
	29 February2024	107,725	101	1	107,827
12.	Debtors
				2025	2024
				@)	(£)
	Prepayments			1,132	1,194

WALTHAM ABBEY YOUTH 2000

Notes forming part of the Financial Statements for the year ended 28 February 2025 (Continued)

13. Creditors: amounts falling due within one year

Creditors: amounts falling due withindue withinwithin one yearyear
		2025	2024
		(£)	(£)
. Other creditors Accruedexpenses		- 1,020	2,184 ; 1,020
		1,020	3,204
Funds
	General Funds (©)	Restricted Funds )	Total Funds (£)
At 1 March2024	89,869	29,491	119,360
Incomingresources fortheyear Outgoingresources fortheyear	20,803 (25,351)	11,250 (14,695)	32,053 (40,046)
At28 February2025	85,321	26,046	111,367
Represented by:	(£)	(£)	(£)
Tangible fixedassets	84,568	19,766	104,334
Net current assets	753	6,280	7,033
	85,321	26,046	111,367

14. Funds

The restricted funds total of £26,046 as at 28 February 2025 is represented as follows:

a) £19,766 - the unamortised cost of replacing the central heating system, refurbishment of toilets and other capital works at the Brooker Road premises undertaken during the years to 28 February 2011 and 28 February 2012 from monies provided by the Essex County Council Community Initiatives Fund.
b) £6,280 - monies within a company bank account granted from the Essex Community Foundation for counselling services.

15. Operating lease commitments

The charity entered into a property conveyance in Waltham Abbey, Essex, from which the charity conducts its affairs. The lease for the ground rent expires on 4 November 2055. The lease commitment for the charity as at 28 February 2025 is therefore £107,720.