East Kent Educatlon Business Partnership Limited tsading as EBP Kent Registered number: 03233149. Charity number-.1083379 East K&nt Education Business Partnership Limited trading as EBP Kent {A company limited by guarantee) Unaudited Trustees, report and financial slatements for the year ended 31 December 2022 4ACCX8S80* 2710912023 COMPANIES HOUSE A37 Pagell East Kent Educatlon Bu$ine$s Partnershlp Limltsd tradlng as EBP Kent Registered number: 03233149. Charity number:1083379 Contents Page RefererKe and adminislrative detai15 of the charity. lés trustees. and athsers T￿￿te8$. rgport and responsibilities statement Independent examinerfs report &9 ststement of financial activities 10 Balance sheet Notes to the financial statements 12-18 Pa8e12 East Kent Education Buslness Partmrship Limited tradlng as EBP Kent Registered number. 03233149. Charity number:1083379 Reference and administrative delails of the charitable company. its tru51ees and advisers for the year ended 31 December 2022. Trustees L Backler (appointed 11 2016) Company regislered number. 03233149 Charity regTrslered number 1083379 Registered off￿e Royal Harbour Academy Marlowe Way Ramsgate Kent CT12 6NB Company secretary A Watson Chief execyjtive officer A McNulty Bankers National Weslminster Bank PIC 13 Cecil Square. argale Kent CT9 1XY PaBe13 East Kent Education Business Partnershlp Llmlttd trading as EBP Kent Régistered nurnber: 03233149. Charity nurnber=1083379 Trust•es' report for the y•ar •nded 31 D•¢ember 2022 The Trustees present their annual report together with the finan¢ral statements of East Kent Education Business Partnership Limited. trading as EBP Kent. for the year from 1 January 2022 to 31 December 2022. Since thg charitable company qualrfies as small under section 383. the strategic ￿pOrt required of rnedium and large companies un¢Jer The Companies Act 2(M)6 (Strategic Rewrt and Directorfs Report) Regulations 2013 is rKJI required. Objectives and A¢tivitJe$ 4. Pollcles and objectlves The Company was constituted as a company limited by guarantee in March 1992. and a registered Charfty in ALtgust 1996 and is therefore govemed by a memorandum and artides of association. The Company's ottyective and its prir￿[Pa1 activity is to advance the education and training of young people and adults In Kent with particular regard to the developm￿1 of ¢ommerck81 and business skills empowering tham to be better prepared for the workp*e arKI active economic alvzens. The Company is Organised wilh the directors meeting regulady to manage ils affairs. b. A¢tivlties for a¢hi•ving ¢)bjo¢tivts. This initial post pandemic year saw a s￿nif￿nI increase in demand for the ser¥￿eS of the East Kent Education Business Partnership Lmniled. Each of the four key areas of activity increased outwt.: Work Experience Careers Guidance Events Projects (Primary and Secondary) Achievements and perforniance Review ol a¢tlvities The focus of the activithes during the year has been to develop qualty collaboratNe projects between business and education so as to enhance the understanding of employers, expectations of young employees and lo empower young people to make infonned decisions about their pro9resshJn. East Kent EdU￿tion Business Pathership Limited, Itrading as EBP Kent). aims to provide relevance and freshness to the curriculum and to improve businesses understanding of current developments in edu¢alp)n. Work Experience continues to be in great demand, especially a relum lo a traditional experience of work for key stage four and five students. There is 8lso high demand for exten¢Jed op￿rtunitieS for some students who need a more phased approach to work experience. Our strategic aim is lo expand the highty successful Virtual Work Experience platform to offer a hybrid approach, as needed, for both SEN St￿Jents and those wanting access to tradTiionally unavailable areas. This has proved worthwhile for the preparats'on and support of SEN students. for students pre their extemal placement and for students needing to access sectots where pre-16 opportunities are rK>t p(>ssible. Page14 East K•nt Edu¢¥li¢>n 8u$iness Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Tru$tee$' report l¢ontinued} for the year ended 31 December 2022 b. Review of aclivities (continued) Work Experience has undergone some syslemK improvements this year to improve efficiency. The Careers Guidance Service has been in hwJh demand. Schools have made individual impartial gusdance priority for all Key Stage 4 students and have increased the amount of work for Key Stsge 3 young people. The professionally qualified guidan￿ team provKles one-towone guidance fof young pwple across Kent from Key Stage 3 to Key Stage 5. Even15 have seen an increase. number of large-scabe. in schoJF. Careers Exhibrtion Fairs has doubled - with a focus on STEM employers. but also increasing the number and variety of companies for young people to engage with. A wide range of Empbyability Events have been delivered this year. There has been an increase in the delivery of tailored Pfogrammes for SEN schools ensuring the ￿1QUe needs of their stu(Jents are met. Our digital capabilities have b8en significantly enhanced through high qualty systematic ¢harrfJe to ensure the smart management of data in compliance with regulatiry frameworks. In summary the Charity contsnues to deliver a high44uality. costofficient service to a wide number of Kent schools, encompassing a wide range of activities in support of Ihe development of employability skills, supporting informed progression of choirE, with a partieular focus on the more vulnerable young people who face inherently greater barriers and challenges fof successful progressi¢￿. The Charity continues to strNe to provide an effective partnership between the business and educab.on sectors. ¢. .Goirbg ¢on¢em After makrng appropriate enquirres. the trustees ha￿ a ￿asOnable expe¢tstion that the charitable company has adequate resources to continue in operational exISter￿ for the fores8eabb future. For this reason. they continue to adopt the going co￿eM basis in preparing these financial statements. Furiher deiails regarding the adopts.on of the going concem basis can be found in the Accountir¥J Policies. d. Reserves policy The Trustee's was lo hdd unrestn.cteo lunds ot £50.1X)O. We are aimry to increase current reserves over the next 2-3 years. Pa8e | 5 East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Trustees. report {cont•nuedl for the year ended 31 December 2022 Stru¢turn, gov¢rnanc•. and m•nag¢m•nL a.Conslitution The charitable company is regstered a5 8 tharitsble company limited by guarantee and was constituled under a Charity Commission Scheme on 2 August 1996 and became a regislered charity on 13 November 2000. number 1083379. b. Method of appointment or •l•ction of Truste•s The management of Ihe charitable company is the responsibiltty of the Trustees who are elected and Cowopled under the terms of the Charty Commission Scheme. c. Organisational structure and decision making The company's Steerfng Group th* includes the Twstges. m88ts rggulaty to manage its affairs. The charftsble company has contracted MTS. A McNulty a5 Direetor of the tharity together %wth an operat￿nal team for the day to day running ol the charitsble company. The operational team is comprised of full-time stsff and seven part-tirne stsff covering administration and speofK projects. The directors and Imstees dur￿￿ the year were: OCcUpa￿n Laurence Backler Andrew Watson John Win Andiew O Business Dgvelopmenl- M&tro Bank Company Lawyer Company Managing Director Safeguarding Lead sson All directors a￿ norpexeojlive and receive no remuneral￿n. and no expenses were reMnbuTsed. Each of the diTector5 ha5 guaranteed £1 rf the Company is wound up. Plans for luture perlods. 3. Future developments The charitable company WIN continue lo gn)w. wor11ing with schools across the covnty to develop programmes suitable foryoung people. supported by employe￿. alding successful progression The Charity aims to broker high quality engagemenl and experiences for all students. Whilst some programmes might rèach smaller numbers the aim would be for all young people to have appropriate activities over the course of the academic year. in many cases four or five times during the year- Work Experience. Professional Guidance. Sector 5peci81isl project, Careers Exhibition. inleractive workshops lo name bul a few of ihe possible engagements. The ongoing development and m8nagemenl of the Virtual Careers Platform wil I form a key component for the delivery of the charity's service for young people in Kent. Innovation and change remarn Core to the wk of E8P KenL each year a minimum ofthree new kinds ofwork are developed to wease the range and form of employer engagement with schools. These include.. Bespoke work for three Natpjnal Employers Economic Development support for Oistricts wlhin Kent Detailed work with the ASswall￿ of EdU￿￿n Buwness Professionals and the National context. Page16 East K•nl EducatloTr Buslnoss Path•rshlp Limlt•d iradlng x EBP Kont Reglstsr•d numb•r. 03233149. Char5ty number:1083379 Tru$t•tt' r•port {eontinu•dl for the y•ar •nd•d 31 D•¢M)b•r2022 Tw$tees' rnsponslbllliles statem The Truslees are also the directL¥S of East Kenl Ethxalion B￿lnesS Partnership for th8 purposes of mpany lawl aTr rosp￿s1118 ILYpr8wiry the Twst•85' aTrJ lh• financ￿ slalem8nts in xcwdanca wjth ap[Al￿bIts law and United KiTWom Ac¢tyJnting Sland•ts (Unrted lts arK1 wirwlesof the Stslemwrt of Re￿Mmerm￿ed Practice". Accounting aTrJ Re￿rts"r¥j ty Clwiiies. (2) to which attentpjn shoukl be drawi) to anable a w Net current assets 20.025 48.778 Long Term Liabilitie5'. arrounts lalling due After one year. "t3 14.541 43,334 Nel assets 9,2 8.213 Charty Funds. Restn'cted fiJnd5 un￿stn"tted lurhts 10 10 9.290 6,213 Total s¢Jrplusldefi(yt 6,213 The Tru51ees cons•J¢r that the eharslabla company is èntitled to exemption from the requirement to have an audr( under the provisions ol seth.on 477 of th• Companies Act 20C6 I'lhe Acf'i and the member5 do not require the charitats￿ ¢omp•ny lo oblain an audrt for th• year in q(￿StIon Ki accordance w*h section 476 of the Act. The Truslees a¢knwledgè their fèsponsibilit￿ for Com￿y1￿g ￿1th the requirements of the Companies Act 2006 y￿$ rè$pè¢t to accounting records and the preparntion of financial statements. The financial statsrntnts We￿ appro￿￿ by th¢ Trustets on 19 September 2023 and signed on their behalf b The notes on pages 12 to 18 form part of these financi?1 statements. PaRe 111 East Kent Edueall*>n Bus•ness Partnership Limit•d trading as EBP Kènt Registered numbei: 03233149. Charity number:1083379 Notes to the financial sLit•ments for the year ended 31 Dec•mb•r 2022 Accounting polici•s 1.1 B a s i $ of preparation of financial statements The fman¢ial ststements have been prepared in accordance with A£counting and Reporting by Charities.. Statement of Recommended Pra¢b"¢e applicable lo charities preparing their accounts in accordance the Financial RetM)rting Standard applicable in the UK and Republic of Ireland IFRS 102) leffective 1 January 2015k {Charities SORP IFRS 10211, the Financial Reporting Standard applicable in Ihe UK and Repu￿1¢ of Ireland IFRS 1021 and the Companie$ Act 2006 E8St Kent Edu(ation Business Partnership Limrted trading as EBP Kent meets the definrt40n of a public benefrt entsty Lbnder FRS 102. Assets and liabilrties are in￿"31ty recognised at historical cost or transaction value unless othepwise stated in the relevant accounts.ng policy. 1.2 R • ¢ o n c i l iat i o n with previous Gen•rally Acupt•d Accounting Practi¢e In prepaiing these a¢counts. the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No reslalements were required. 1.3 Company $tslu$ The charitable company 15 a company limiled ty guarantee. The members of the company are the Trustees named on page 1. In Ihe event of the charitable company bein9 wound up. the liabilrty in respect of the guarantee is lirrdted to £1 per member of the charitable company. 1.4 Fu nd ac¢ounting Ggneral funds are unrestricted furKls which are availatle for use at the discretion ol the Trust88s in furtherance of the genefal objeclives of the ¢haritsble company and which have not been designaled for other purposes. Restricted fLfftds are funds which are lo be used in aCcOrda￿e 7Mlh specifK restrictKsns imposed by donors or which have been raised by Ihe (*aritsble Company for particulai purw)ses. The Costs of raising and administering such funt1s are charged against the spèctfi¢ fund. The aim and use of each re51ricled fund is set out in the noles to the finan¢ial stalements. 1.Slncom• All income is recognised On￿ the charitable company has entrtternent to ihe income. it is probable that the income will be ￿ceiVed and the amount of ir￿rne receivable can be measured reliably. 1.6Expendlture Expendilwe is ro￿nISed onc£ there is a legal or ￿lSIr￿dIVe rt4igation to transfer economic benefit to a third paty, il is probable that a transfer ol econom￿ benefits will be reouired in settlement ar)d the amourf of Ihe oblig3lion can be measured reliabty. Char((able aclNities are a>sts incurred on Ihe tharitsble compan￿$ operations. in¢luding support ￿$15 and costs relating to the governance of the charrtable company apportioned to charitable activities. Page | 12 East Kent Edu&ition Busine$s Partnetship Limited trading as EBP Kent Registered number: 03233149. Chaiity number:1083379 Notes to the financial statements fer the year ended 31 December 2022 A¢¢¢unting policies l¢ontinuedl 1.7 Going concèm. The unrestricled funds stsnd at £9.290 on the Balance Sheet. The accounts have been prepared on a going cOr￿M basis. The Trtsstee considers that the future fFnancial ￿SourceS available to the company are adequate lo meel its operational needs for the foreseeable fulure. 1.8 Tangi b le fixed assets and depreciation l expenditure on computer equpment in excess of £500 wiu be capitalised. Tangible fixed assets are carried at cost. nel of depreciation and any provisic￿ for impairrr*nt. Depreciation is provided at rates calculated lo wnte off the cost of fixed assets. less their esiimated re5￿U81 value, over their expected useful Irves on the following bases: Cornputer eqLnpment OtherF.F&E 33% strauht line 15% sfraight line 1.9 1 n 1¢ re $ I receivable Interest on fvnds hehj on deposit is indude¢l when recewable and the amount can be measured reliably by the charrt8ble company: thrs is nmlty uwn notification of the inlerest paid or payable by the Bank. 1.10 Operaling leases Rentals underoperating leases are charged to the Ststement of financial aclivitses in¢orporaling income and expenditure account on a slraightkn basis over the lease temi. 1.11 Debtors Trade and other debtors are recognised 8t the settlementamount after any trade di￿ount offered. Prepayments are valued at the amount prepaid net of any trade dI$￿unts due. 1.12Cash at Bank and in hand Cash at bank and ￿ harKI includes cash and short temi h*3hly liquid invèslmenls wilh a short maturty of three months or less from the dale of acquL%ilion or opening of the deposit or similar account. 1.13 Liabllities and provisions Liabilities are recogrwsed when there is an ofligabcrt) at Ihe Bala￿£ sheet date because of a past event, it is probable that a transfer of economic beneffit will be required in settlement. and th8 amount of the settlement can be estimated reliabty. Liabilities are r8cognis8d at the amount ihat the charitable company aniicipates ht will pay lo settle the debt or the amount it has received as advanced p3yrnents for Ihe g￿lJ$ or services it must provkle. Provisions are measured al the best estimate ol the amounts reqUI￿d lo settle the Obl￿allOn. Where the effect of the ts.me value of money is material, the provision is based on the preserbt value of Ihose amounts. discounted al the pre-tax discount rale that reflects the risks specific io the liability. The unwinding of the di$￿in1 is recognrsed wilhin interest payable and similarcharges. Page | 13 East Kent Education 8usines$ Partneyship Llmited trading as EBP K•nt Registered nurnber: 03233149. Charity number:1083379 Notes to the financial sLitements for the year ended 31 December 2022 Ac¢ounling policl•s l¢ontinued) 1.14 Finan¢lal Instruments The charrtable company only has financial assets and financial liabilities of a kind Ih8t qualfy as basic financial inslrurnents. Basic financial instruments are initially re¢ognised at tran$8clion value and subsequentty measured at their settlementvalue except for bank h)ans wh￿h are subsequently measured at amortised cost usrng the effectr¥e interest method. 1.15 Pension$ The Gharitatjle company operates a defined w)tribution pensK)n scheme. and the pension charge represents the amounts payal￿e by the Charitab￿ company to the fund in respect of the year. Income from charltable activities Restricted Funts 2022 Unrestricted Funds 2022 Totsl Funt1s 2022 Tolal Funds 2021 Business of Enlefprise 8,670 8,670 4.290 Sch(xJs Lap Top ProvIs￿n Employabilty and Enlerprise 7,240 7.240 1,575 Empl¢)yment Preparation 258.480 258.480 90,326 Ptsfform 15.000 Workshopslmisc Inc(*me 53,772 53,772 67.745 328. 62 328.162 178.9 In 2022. of the tolal inccrfne from C￿ritable a¢tiwties. £328.162 was to unrestricted ffiJnds and £0 was lo restricted fvnds. Inv•stmènt income Re$tri¢led Unr•strlcted fvnds funds 2022 2022 Total fvnds 2022 Totsl funds 2021 Investment i￿ome 42 42 In 2022. of lh8 total investment inccmme. an was to unrestrictedfunds. Pa8e | 14 East Kent Edu¢atl¢ffi Business Partnership Limited tradlng as EBP Kent Registetèd numbèr: 03233149. Charity number.1083379 Not8S to the flnanclal statements for the ￿•r ended 31 December 2022 Analysis of expenditure on charitsble acttvities RestriGted Unrestricted funds funds 2022 2022 Tot81 nds 2022 Total Fund 2021 Employability and Enterprise Employment preparat￿n Business of Enterprise Schools Lap T¢Jp Provision Primary 7.240 258,480 8.670 7.240 258,480 8.670 1.563 90.326 4,290 5.500 81,596 50.737 50.737 325.127 325.127 183,275 In 2022. of the total eXpen￿rtU￿, £325.127 (2021 £177.77SI was expenditu￿ from unre51ricled funds an(J £0 {2021 £5.SCrt) from restricted fimts. In atturfi￿. £0 (2021 £84.932 COVID JRS fund5 experthd (m furtoughed 5tsff. Net iThcomSng resourcesl (resourcesexpended) Thls is slated after charging: 2022 2021 Depreciation of tangible fixed assets Owned by the charlty 2.562 770 During the period. the Trustees dKI receive arly ￿muneratI)n (2021- £NILI. During Ihe period. the Trustee did not recei￿ any benefits In kind (2021- £NIL}. During the period. the Twstee did not ￿ceNe any rwmburserrent of Èxpènw 12021 -£NIL). Page 115 East Kent Edu&ition Buslness Partnership Limlted trading a$ EBP Kent Registered number: 03233149. Chartty number:1083379 Notes lo the financial statements for the year •nd•d 31 D•cernber 2022 Staff ¢o$t5 Staff costs were 8$ follows". 2022 2021 Wages and salaries Social security costs Pension 225.962 19,448 6.755 181.812 14,021 5,275 252.165 201.108 The average numter of persons empk)yed by the chan"table company th￿ng the year was as follows.. 2021 No. 2021 No. Direct charilatye work 10 10 No e￿￿loYee received rel1￿neration arTh)unlin9 to nbye than £35,000 in either year. TangSble fix•d assets Office Equipment Cost On 1 January 2022 Additions in Year 5.599 On 31 December 2022 Depre¢iat5on On 1 January 2022 Charge for ye 1.540 2.562 On 31 De¢ember 2022 Net book valu• On 1 January 2022 769 On 31 December 2022 Page116 East Kent Edu¢ation Business Partnetship Lirnrted tsading as EBP Kent Regi$tered number: Q3233149. Charity nurnber."1083379 Debtors 2022 2021 Trade debtors Other debtors 23,547 1.788 11,633 25.335 27,123 Notes to the ffinanGialstatements for the year ended 310ecember 2022 Creditors.- AM￿ntS falling (Jue within one year 2022 2021 Trade crèdltors Other taxation and security Portion of Business 8oun¢e Back Loan Bank Credit Card Pension contribut*?ns payab Accruals and deferred income 5.271 6,666 4.397 6,666 816 6.526 7.872 22.114 20.510 Page | 17 East Kent Edueatlon Business Partnersh•p Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 10. Slalement of fvnds Bro￿ht FoJward Inc￿0 Expenditure Carried Forward CovTd JRS Grant Investment Income General fund5 42 328 162 42 325 085 9.290 Restricted lunds Tolal of funds 6.213 325 127 Pension commitments 'The tharitable company operates a defined contribull￿ pens￿￿ sc*eme. The assets of the scheme are tteld separately from those of the (*arrtable company in an independenuy administered lund. The penS￿n cost charge represents conlTibuth)ns payable by the charitsble company to the fund and amounted to £6.755 {2021- £5.275). Contribubons lotaling £7.87212021- £6.5261 were payable lo the fund al the balance sheel date and are indudgd in creditors. 12. Operating lèast ¢ommitm•nts On 31 December 2021. the total of the Charity's fthure minimum le a se payments under non- cancèllable cperating leases was.. 2022 2021 Amounts payable- Wiihin 1 Year 8etwean 1 and S Ye•s 2.962 3.232 2,962 6.194 2.962 13 Bounce Back Loan During the year. the Trvstees authorized a lurnp sum repayment of £25.000 towards the original k)an of £50.000. The balance of the kjan remaining as al 21 DeceFnber 2022 is £21,207 ropayable over the remaining $2 months of the original loan term. 14. Related party transadlons There were no transaction5 Wrth related parties dwirrfJ the year (2021.. Nill. Page118