East Kent Educatlon Business Partnership Limited trading as EBP Kent Registered numbèr: 03233149. Charity number:1083379 East Kent Education Business Partnership Limited trading as: EBP Kent (A company limited by guarantee) Unaudited Trustees, report and financial statements for the year ended 31 December 2023 Pagell
East Kent Education Bu$lne$$ Partnershlp Llmited tradlng as EBP Kent Registored number,. 03233149. Charlty number',1083379 Contents Page Reference and administrative details of the charity. its trustees and advisers Trustees, report and responsibilities statement Independent examiner's report Statement of financial activities 10 Balance sheet Notes to the financial statements 12-18 Page | 2
East Kent Education Business Partnership Limitgd trading as EBP Kent Regi$tèTed numbor: 03233149. Charlty number:1083379 Reference and administrative details of the charitable company, its trustees and advisers for the year ended 31 December 2023. Trustees L 8ackler lappoinled 11 April 20161 Company registered number 03233149 Charity registered number 1083379 Registered offi Royal Harbour Academy Marlowe Way Ramsgate Kent CT12 6NB Company secretary A Watson Chief executive officer A McNully Bankers National Westminster Bank PIC 13 Cecil Square, Margale Kent CT9 1XY Page13
East Kent Education Business Partnership Limlted trading as EBP Kent Registered numbef: 03233149. Charity numb9r:1083379 Trustoes. report for the year ended 31 December 2023 The Trustees present their annual report together with the financial stslemenls of East Kent Education Business Partnership Limited. trading as EBP Kent, for the year from 1 January 2023 10 31 December 2023. Since the charitable company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Direclorfs Report) Regulations 2013 is not required. Objectives and Activities a. Policles and oblectlves The Company was constituted as a company limited by guarantee in March 1992, and a registered Charity in August 1996 and is therefore governed by a memorandum and articles of association. The Company's objective and ils principal activity is to advance the education and training of young people and adults in Kent with particular gard to the development of commercial and business skills empowering theni to be better prepared for the workplace and to become active economic citizens. The Company is organised with the directors meeting regularly to manage its affairs. Achlevements and perforniance b. Review of activitles This year saw a continued increase in requests for services. Through a wide range of volunleer-based activities EBPKenl provides a vital link between education and the world of work. Bringing communities together. we're helping businesses to give back maximising their professional lime. In turn enabling 5¢hools to aClerate outcomes towards the right progression for each individual young person recognising the vast range of skills acquisition in every workfor. Each of the four key areas increased output. Work Experience Careers Guidance Even15 Projects (Primary and Secondary) Wod( Experience continues to be in great demand, especially a return lo a traditional experience of work for key stage four and five students. There has been 'Whole Trust Commission, so that all schools are assured of qualty servi. There is also high demand for extended opportltnities for some students who need a more phased approach to work experience. The decision has been made to grow the Virtual Work Experience platform to be able to offer a hybrid approach when needed for both SEN students and those wanting access to areas traditionally unavailable. Work Experience has continued to undergo Some systemi¢ improvements this year to further increase efficiency. Page14
East Kent Educatlon Buslness Partnershlp Llmlted tradlng as EBP Kent Registered number: 03233149. Charity number:1083379 Tru$tèes' report (continued> forthe year ended 31 December2023 Review of activities {continuedl Careers Guidance service has seen an increase in contracts as schools have made individual impartial guidance priority for all Key Stage 4 students and have increased the amount of work for Key Stage 3 young people. The prtsfessionally qualified guidance team provide one-lo-one guidance for young people across Kent from Key Stage 3 to Key Stage 5. The focus is impart181ity, conneclivily to other departments (Work Experience, Careers Fairs, Employability Events). Each school has a unique profile knowing best how to support their students. Engagement of employers has been key lo all aspects of the output this year and many have given exceptional service lo the young people of Kent. The offer of Work Experience Placements, of highly interactive Exhibition Stands. of interviewing skills or sector specialist workshops all have been signifi¢ant contributions to a mosaic of support across all age groups and across all areas of Kent. Overall, the Charity ttas continued lo serve a wide number of Kent schools acmss a range of actr'vilies supporting the development ol employability skills, supporting informed progression of choiTr, and supporting engagement with employers. By educating young people on our region's growth sectors, we have been helping lo develop the talent pipeline for the future. This year, we've been particularly successful at Connecting young people with professionals and organisalions both traditional and in Kent'5 growth se¢lors. We share the knowledge that skills growth begins long before the age of training and acquiring professional vocational skills. b. Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the charitable company has adequate resources lo continue in operational existence for the foreseeable future. For this reason they continue lo adopt the going concern basis in preparing the financi81 stslemenls. Further detsils regarding the adoption of the going concern basis can be found in the Accounting Policies. ¢. Reserves poli¢y The Trustee's policy was to hold unrestricted funds of £SO,000. We are aiming to incfease current reserves over the next 2-3 years. Page | 5
East Kent Education Business Partnership Limited trading as EBP Kgnt Registered number: 03233149. Charlty number:1083379 Trustees. report Icontinuodl forthe year ended 31 Deeember2023 Strueturep governance and management . a.conStUIr0n The charitable company is registered as a charitable company limited by guarantee and was consliluled under a ChaTity Commission Scheme on 2 August 1996 and be¢ame a registered charity on 13 November 2000, number 1083379. b. Method of appointment or election of Trustees The management of the charitable eompany is the responsibility of the Trnstees who are elected and co-opted under the terms of the Charity Commission Scheme. Organisational Structure and decislon making The company'5 Steering Group that includes the Trustees, meet regularly to manage its affairs. The chaTltable company has contracted Mrs. A McNulty as Director of the charity together with an operational team for the day to day running of the charitable company. The operational team comprised of three full time staff and seven part time staff covering administration and specific projects. The directors and trustees during the year were.. O¢cupation Business Development- Metro Bank Company Lawyer Company Managing Director Safeguarding Lead Laurence Backler Andrew Watson John Win field Andrew sson All directors are non-executive and receive no remuneratson, and no expenses were reimbursed. Each of the directors has guaranteed £1 in the event that the Company is wound up. Plans for future periods a. Future developments The charitable company will continue lo grow, working with schools across the county lo develop programmes suitsble for young people, supported by employers, aiding successful progression The Charity aims to broker high quality engagement and experiences for all students. Whilst some programmes might reach smaller numbers the aim would be for all young people lo have appropiiale activities over the course of the academic year, in many cases four or five times during the year - Work Experience, Professional Guidance, Sector specialist proje¢l, Careers Exhibition, interactive workshops to name bul a few of the possible engagements. The ongoing development and management of the Virtual Careers Platform will form a key component for the delivery of the charity's service for young people in Kent. Innovation and change remains core lo the work of EBP Kent, each year a minimum of three new kinds of work are developed to increase the range and form of employer engagement with schools. These include.. Bespoke work for three National Employers Economic Development support for Distncts within Kent Detsiled work with the Association of Education Business Professionals and the National eonlext. Page 16
East Kent Educatlon 8uslness Partnevshlp Llmlted tradlng as EBP Kent Registergd number.. 03233149. Charity numb9r:1083379 Trustees. report Icontlnuedl for the year ended 31 December 2023 Tiustees. responsibilities statement The Trustee$ Iwho are also the directors of East Kent Education Business Partnership for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements In accordance with applicable law and United Kingdom Accounting Stsndards {United Kingdom Generdlly Accepted Accounting Practice). Company law requires the Trustees to prepare financial slalèmenls for each financlal year Under company law the Trustees musl not approve the financial slalemenls unless satisfied that they give a true and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resour$, including the income and expenditure, of the charitable company for that period. In preparing these financial Slatemenls, the Trustees are required to.. select suitable accounting policies and then apply them consi$lenlly', obsetve the methods and principles in the Charities SORP., make judgments and accounting estin)ales that are reasonable and prudent., prepare the financial stslements on the going concern basis unless il Is inappropriate lo presume that the charitable company will continue in operation. The Trustee5 are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable ¢ompany's transactions and disclose w7th reasonable accuracy at any time the financial position of the charitable ¢ompany and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible lor safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Tfuslee on 5 September 2024 and $igned on their behalf by.. A Watson Cornpany Secretary Page17
East Kent Educatlon Business Partnership Llmited tradlng as EBP Kent Registered number: 03233149. Charlty number:1083379 Independent examinerfs report for the year ended 31 December2023 Independent examlnerfs report to the Tmstees of East Kent Educatlon Buslness Partnershlp Llmitsd trading as EBP Kenl I report on the financial stalemenlsof the charitable company for the year ended 31 December 2023 which aTe sel out on pages 10 10 18. This report is made solely to the charitable company's Trustees, as a body, in ar£ordan¢e with section 145 of the Charities Act 2011 and regulation5 made under section 154 of that Act. My work has been undertaken so that I might slate to the charitable company's Trustees those matters l am required to stale to them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law. I do not accept or as5urne responsibility to anyone other than the charitable company and the charitable company's Trustees as a body, for my work or for this report. The financial staternents have been prepared in accordance with Aceounting and Reporting by Charities preparing their accounts in accordance with the Financial Repott'ng Standards applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulatsons but has been withdmwn. This has been done in order for the accoLtnts to provide a true and fair view in a¢cordance with the Generally Accepted Accounting Practice effective for reptsrting periods beginning on the after 1 January 2015 Respocllvo responslbllltles of Trustees and examlner The Trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the financial stalemenls. The Trustees consider that an audit is not iequired for this year under section 144121 of the Charitie5 Act 2011 (the Aell and that an independent examinatson is needed. The charitable company's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Chartered Secretaries and Administrators. Having satisfied myself that the charitable company is not subject to audit under charity or company law and is eligible for independent examination. it is my responsibility to.. examine the financial statements under section 14$ of the Acl., follow the procedures laid down in the general Direetions given by the Charity Commission under section 14515llbl of the Act, and slate whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carTied out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charitable company and a comparison ol the financi81 statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial stalemenls, and seeking explanations from you as TTuslees concerning any such matters. The ProdureS undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as lo whether the financial statements present a'true and fair view, and the port is limited lo those matters set out in the statement below. Page18
East Kent Edueatlon 8uslness Partnershlp Limited trading as EBP Kent Registgred number: 03233149. Charity number-1083379 Independent examiner's report Icontinuedl for the year ended 310ecember 2023 Independent examiner's statement In connection with my examination, no matter has come to my attents'on.. 11} which gives me reasonable cause lo believe that in any material respect the requirements.. lo keep accounting records in accordance with section 386 of the Companies Act 2006., and to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland IFRS 102} and in other respects comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charitses. have not been mel., OT (21 to which, In my opinion, attention should be drawn in order to enable a proper understanding of Ihe financial statements to be reached. Signed Dated.. 2 Septerntrr2024 Mr R Wamer B.A.Hons, ACIS.. Page19
East Kent Educatlon Buslness Partnershlp Limlted trading as EBP Kent Regl$tered number: 03233149. Charity number:1083379 Statement of flnancial aetivities ineorporating income and expenditure account for the year ended 31 Dècember 2023 Reslricled funds Unreslricled funds 2023 Total funds Total funds 2022 2023 2023 Note Income from.. Charitable activities.. 351,956 351,956 328.162 Investments.. 186 42 Total income.. 352,142 352,142 328,204 Expenditure on". Charitable activities.. 347.754 347,754 325, 127 Total expenditure.. 347,754 347,754 325,127 Net movement in funds.. 4,388 4,388 3,077 Totsl funds brought foTward'. 9,290 9,290 6,213 Totsl funds carried forward.. 0.00 13,678 All activities relate to continuing operab.ons Page | 10
East Kont Educatlon Buslness Partnershlp Llmlted trading as EBP Kent Registered number.. 03233149. Charity numbgr:1083379 Balance sheet as at 31 December 2023 2023 2022 Note Fixed Assets 5&7 1,269 3,806 Current assets Debtors C85h at bank and in hand 27.350 45,096 25,335 16,804 72,446 42.139 Creditors-. amounts falling due within one year 148,4521 {22,114) Net current assets 23.994 20.025 Long Term Liabilities.. amounts falling due After one year. 13 11,585 14,541 Net assets 13.678 9.290 Charity Funds Reslri¢led funds Unrestricted funds 10 10 0.00 13,678 0.00 9,290 Total su rp lu sldeficit 13,678 9,290 The Trustees Consider that the charitable company is enlilled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 {"Ihe Act") and the members do not requifft the charitsble company to obtain an audit for the year in question in accordance with section 476 of the Act. The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial ststements were approved by the Trustee on 5 Septe mber 2024 and signed on their behalf, by The notes on pages 12 to 18 form part of these financial statements. Page | 11
East Kent Education Busine$s Partnership Limited trading as EBP Kent Registered number.. 03233149. Charity number'.1083379 Notes to the flnancial Statements for the yearended 31 December 2023 Accounting policle8 1.1 B a s I s of preparation of financial statements The financial statements have been prepared in acrdanCe with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151- (Charities SORP IFRS 102}I, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006 East Kent Educats'on Business Partnership Limited trading as EBP Kent meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initfally recognised at historical cost or transaction value unless otherwise slated in the relevant accountr'ng policy. 1.2 R e c o n c I I l at l o n wlth prevlous Generally Accepted Accounting Practice In preparing these accounts, 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 restatements were required. 1.3Company status The charitable company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited lo £1 per member of the charitable company. 1.4 F u n d accounting General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the geneTal objectives of the charitable company and which have not been designated for other purposes. Restricted funds are funds which are to be uged in accordance with specific restrictions imposed by donors or which have been raised by the charitable company for particular purposes. The costs of raising and administering such funds are charged against the specifK fund. The aim and use of each restricted fund is sel out in the notes lo the financial statements. 1.Slncome All income is recognised once the charitable company has entillemenl to the Income, il is probable that the income will be received and the amount of income receivable can be measured reliably. 1.6Expenditur• Expenditure is re¢ognised once the is a legal or constructive obligation to transfer economic benefit lo a third paty, it is probable that a transfer of economic benefits will be required in settlement and the any)unt of the obligation can be measured reliabty. Charitable activities are costs inCued on the charitable company's operations, including support costs and costs relating lo the governance of the charitable company apportioned lo charitable activities. Page | 12
East Kent Edu¢ation Buslness Partnership Limited trading •s EBP Kgnt Reglstered number: 03233149. Charity number:1083379 Notes to the finan¢ial statements forthe year ended 31 December2023 A¢¢ounting policles {contlnued) 1.7Going conc8rn The unrestricted funds stand al £13,678 al Balance Sheet. The accounts have been prepared on a going concern basis. The Trustee considers that the future financial resources available to the company are adequate lo meet ils operational needs for the foreseeable fulure. 1.8 Ta ng i b le fixod assgts and depreciation All expenditure on Computer equipment in excess of £500 will be capitali5ed. Tangible fixed assets are carrjed al cost. net of depreciation and any provision for impairment. Depreciation Is provided al Tates calculated lo write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Computer equipment Other F,F & E 330A straight line 150A straight line 1.9 Interest ro¢eivable Interest on fvnds held on deposit is included when receivable and the amount can be measured reliably by the charitable company.. this is normally upon notification of the interest paid or payable by the Bank. 1.10 Operatinglgasès Rentsls under operating leases are charged lo the Statement of financial xtivities incorporating income and expenditure account on a slraighl line basis over the lease term. 1.11 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.12 Cash at Bank and in hand Cash at bank and in hand includes cash and short tem) highly liquid investments wf(h 8 short maturity of three months or less from the dale of acquisitson or opening of the deposit or similar account. 1.13 Llabllitles and provlslons Liabilities are recognised when there is an obligation at the Balance sheet date as a resLJII of a past event, it is probable that a transfer of economic benefrt will be required in settlement, and the amount of the settlement can be eslimaled reliably. Liabilities are recognised al the amount that the charitable Company anticipates il will pay to settle the debt or the aniounl it has received as advanced payments for the goods or services il musl provide. Provisions are measured al the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rale that refle¢ls the risks specific to the liability. The unwinding of the discount Is fecognised within interest payable and 5irnilar charges. Pa8e | 13
East Kent Education Business Partnership Limited trading as EBP Kent Registered numbor: 03233149. Charity numbor-1083379 Notes to the financial statements for the year ended 31 December 2023 Accountlng pollcles Icont5nuedl 1.14 Financial instruments The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial in5trumenls are initially recognised at transaction value and subsequently measured at their settlementvalue with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.15 Penslons The charitable company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charitable company to the fund in respect of the year. Income from charitable activities Reslricled Funds 2023 Unrestricted Funds 2023 Total Funds 2023 Totsl Funds 2022 Business of Enterprise 8.670 Community Strand 2,200 2,200 Ernployability and Enterprise 16,035 16,035 7.240 Employment Preparation 226.604 258,480 258,480 Virtual Platfomi 5,000 5,000 WorkshopmIS¢ Income 102,117 102,117 53.772 351,956 351,956 328.1 In 2023, of the total income from charitable activities, £351.956 was to unlestricted funds and £0 was to reslricled funds. Investment incorne Restrlcted Unrestrlcted funds funds 2023 2023 Total funds 2023 Total fun05 2022 Investment income 186 186 42 In 2023, of the total investment income, all was lo unrestricted funds. Page | 14
East Kent Education Business Partnership Llmited trading as EBP Kent Registefed numbgr.. 03233149. Charity numbor:1083379 Notes to the flnanclal Statements for the year ended 31 December 2023 Analysis of expenditure on charitable activities Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Total funds 2022 Employability and Enterprise Employment preparation Business of Enterprise Community Str8ndlVirtual Platfom WorkshopslMisclPrimary 15,620 222,147 15.620 222,147 7,240 258,480 8,670 5,206 104,781 5,206 104,781 50,737 347,754 347,754 325,127 In 2023, of the total expenditure. £347.75412022 £325,127) was expenditure from sjnrestricted funds and £012022 £0 from restricted funds Net Incoming resour¢esl Ire$our¢e$ ¢xp¢ndedl This is stated after charging.. 2023 2022 Depreciation of tangible fixed assets Owned by the charitv 2,537 2,562 During the period. the Trustees dtd not receive any remuneration (2022- £NILI. During the period, the Trustee did not receive any benefits in kind 12022- £NILI. During the period, the Trustee did ntst receive any reirnbur5ement of expenses 12022 -£NIL). Page | 15
East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Notos to tha finan¢lal statèments for tho yaar onded 31 Doc&mb•r 2023 Staff costs Staff costs were as follows.. 2023 2022 Wages and salaries Social security ¢osts Pension 243,942 20,209 5,546 225,962 19,448 6,755 269,697 252,165 The average number of persons employed by the charitable company during the year was as follows.. 2023 No. 2022 No. Dire¢l charitable work 10 10 No employee received remuneration amountsng to more than £35,000 in either year. Tangible fixed assets offi Equipment Cogt At 1 January 2023 Additions in YeaT Al 31 December 2023 Depreclatlon Al 1 January 2023 Charge for year 4,102 2,537 At 31 December 2023 Net book value Al 1 January 2023 3.806 Al 31 December 2023 Page | 16
East Kent Educatlon Buslness Partnership Limited trading as E8P Kent Registered number: 03233149. Charity number:1083379 Notss to the financial statements for thg yoar ènded 31 December 2023 Debtors 2023 2022 Trade debtors Other debtors 25,580 1,770 23,547 1.788 27,350 25,335 Notes lo the financial statements for the year ended 31 December 2023 Creditors.. Amounts falling due within one year 2023 2022 Trade creditors Other taxation and social security Portion of Business 8ounee Back Loan Sundry Pension contributions payable Accruals and deferred income 200 5,271 6,666 4,788 4,965 1,996 7,866 28,837 7,872 48,452 22.114 Page117
East Kent Education Business Partnershlp Limited trading as EBP Kent Registgred number: 03233149. Charlty number:1083379 10. Statement of fvnds Brought Forward Irtcome Expenditure Carried Forward Investment Income General funds 186 351.956 186 347,568 9,290 13678 Restricted funds Total of fundg 352 142 13678 Pension commitments "The charitable company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charitsble company in an independently administered fund. The pension cost charge represents contributions payable by the Charitab company lo the fund and amounted 10 £5.546 {2022- £6,755). Contributions lotaling £7,865 (2022- £7,872) were payable lo the fund at the balance sheet dale and are included in creditors. 12. Operatlng lease commltments At 31 December 2023 the total of the Charity's future Minimum l e a s e payments under non- cancellable operating lease5 was.. 2023 2022 Amounts payable". Within 1 Year Betsveen 1 and 5 Years 1,887 2.962 1,887 2.962 13 8ounce Back Loan The balanTr of the loan remaining as at 31 December 2023 is £16,550 repayable over the remaining 40 months of the original loan term.131 December 2022 £21,207) 14. Related party transactions There were no transactions wlh related parties during the year {2022'. Nill. Page118