East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 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 2024 Page I I
East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity 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 Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Reference and administrative details of the charitable company, its trustees and advisers for the year ended 31 December 2024. Trustees L Backler (appointed November 2015) - Chair A Watson (appointed November 2015} A Olsson (appointed April 2020) Company registered number 03233149 Charity registered number 1083379 Registered office Royal Harbour Academy Marlowe Way Ramsgate Kent CT12 6NB Company secretary A Watson Chief executive officer A McNulty Bankers National Westminster Bank PIC 13 Cecil Square, Margate Kent CT9 1XY Page | 3
East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Trustees. report for the year ended 31 December 2024 The Trustees present their annual report together with the financial statements of East Kent Education Business Partnership Limited, trading as EBP Kent, for the year from 1 January 2024 to 31 December 2024. 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 Director's Report) Regulations 2013 is not required. Objectives and Activities a. Policies and objectives 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 its principal activity is to advance the education and training of young people and adults in Kent with particular regard to the development of commercial and business skills empowering them 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. Achievements and performance b. Review of activities Once again, our charity tried to broaden the breadth and reach of its services offered, enabling schools to accelerate outcomes towards the right progression for each student, recognising the vast range of skills acquisition in every workforce. This is against a backdrop of ever tightening school budgets and the need for extensive time to be spent on securing charitable grants. The Board directs the CEO to undertake and regularly review all aspects of the Charity's work and to deliver a regular Risk Analysis. As with each year, time is spent across the four departments to refresh and reinvigorate the offer, keeping content immediately relevant to both schools and employers. There are four key areas of programmes, Work Experience, Careers Guidance, Events, Projects (Secondary - With a focus on SEND and PRU) Work Experience continues to be a flagship opportunity to support young people as they progress towards the world of work. Whilst the administration can be smartened, although at a cost, there is no quick fix to the detailed process of securing an independent experience for each student member of an entire year group. The Virtual Work Experience platform too, offers a hybrid approach when needed for both SEN students and those wanting access to areas traditionally unavailable. The offer is not automated, it is tailored to the wishes and requests of individual students and the wishes of individual employers. Page 14
East Kent Education Business Partnership Limited trading as EBP Kent Registered number.. 03233149. Charity number:1083379 Trustees. report (continued) for the year ended 31 December 2024 Review of activlties (continued) The professionally qualified guidance team provide one-to-one guidance for young people across Kent from Key Stage 3 to Key Stage 5. The focus is impartiality, on individual student areas of interest exploring local, regional, national options. The service aims to disseminate all types of progression opportunities, Sixth Form, FE, Apprenticeships or Employment with Training. Most students have a complete range of aspirations across all sectors,. when additional support and motivation are needed by a young person the Team are highly skilled to meet those needs. All staff are Level 6 or 7 qualified and undergo annual CPD. Collaboration is a fundamental part of all that is Education Business Partnership work. Collaboration with Employers, with whole Teams of School Staff, with FE I HE, with other Charities and third sector partners. All collaborative partners have given exceptional service to the young people of Kent over the year. The range and depth of engagement can be the culmination of months of progressive development in partnership drawing on the knowledge and skills of all parties for maximum benefit to the young people and the school the provision is developed for. Overall, the Charity has continued to evaluate, and quality assure all seNices across Kent, making sure Careers Leaders have the support for their vision, that Employers have opportunities to articulate and provide up to date insight to their sector, and that students are well supported and informed about the progression of their choice. These opportunities enable Employers to have an active role in developing the talent pipeline for the future. We share the knowledge that skills growth begins long before the age of training and acquiring professional vocational skills. We share the vision that creativity, innovation and quality assurance are our key pillars of strength whilst being ever mindful of socio-economic background and all that is local b. Golng concern After making appropriate enquiries, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going COnM basis can be found in the Accounting Policies. c. Reserves policy The Trustee's policy was to hold unrestricted funds of £50,000. We are aiming to increase current reserves over the next 2-3 years. Page | 5
East Kent Education Buslness Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Trustees. report {continued) for the year ended 31 December 2024 Structure, governance and management . a.Constitution The charitable company is registered as a charitsble company limited by guarantee and was constituted under a Charity Commission Scheme on 2 August 1996 and became a registered charity on 13 November 2000, number 1083379. b. Method of appolntment or election of Trustees The management of the charitable company is the responsibility of the Trustees who are elected and co-opted under the terms of the Charity Commission Scheme. c. Organisational structure and decision making The company's Steering Group that includes the Trustees, meet regularly to manage its affairs. The oharitable 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.. Occupation Business Development- Metro Bank Company Lawyer Safeguarding Lead Laurence Backler Andrew Watson Andrew Olsson All directors are non-executive and receive no remuneration, and no expenses were reimbursed. Each of the directors has guaranteed £1 in the event that the Company is wound up. Plans for future perlods a. Future developments The charitable company will continue to grow, working with schools across the county to develop programmes suitable 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 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 specialist project, Careers Exhibition, interactive workshops to name but 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 to 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 Districts within Kent Detailed work with the Association of Education Business Professionals and the National context. Page | 6
East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Trustees. report Icontinued) for the year ended 31 December 2024 Trustees. responsibilities statement The Trustees {who are also the directors of East Kent Education Business Partnership for the purposes of company Saw) are responsible for preparing the Trustees, report and the financial ststements in a¢¢ordance with applicable law and United Kingdom Accounting Standards (United Kingdom Genera51y Accepted Accounting Practice). Company law qUireS the Trustees to prepare financial statements for each financial year. Under Company law the Trustees must not approve the financial statements unless satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustee5 are required to.. select suitable accounting policies and then apply them consistently-, observe the methods and principles in the Charities SORP., make judgments and accounting estimates that are reasonable and prudent-, prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting COrdS that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements ¢omply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. is report was approved by the Trustees on 22 May 2025 and signed on their behalf by.. A Watson Company Secretary Page | 7
East Kent Education Business Partnership Limited trading as EBP Kent Registered number." 03233149. Charity number."1083379 Independent examiner's report for the year ended 31 December2024 Independent examiner's report to the Trustees of East Kent Education Business Partnership Limited trading as EBP Kent I report on the financial ststementsof the charitable company for the year ended 31 December 2024 which are set out on pages 10 to 18. This report is made solely to the charitable company's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charitable company's Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume 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 statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland {FRS 102) 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 regulations but has been withdrawn. This has been done in order for the accounts to Provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on the after 1 January 2015. Respective responsibilities of Trustees and examiner The Trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the financial statements. The Trustees consider that an audit is not required for this year under section 144(2} of the Charities Act 2011 (the Act) and that an independent examination 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 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 145 of the Act- follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)(b) of the Act, and state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried 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 of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you a5 Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a'true and fair view, and the report 15 limited to those matters set out in the statement below. Page | 8
East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Independent examinerfs report (continued) for the year ended 31 December 2024 Independent examiner's statement In connection with my examination, no matter has come to my attention.. (1) which gives me reasonable cause to believe that in any material respect the requirements.. to 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 (FRS 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 Charities. have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Signed.. Dated.. 20 May 2025 Mr R Warner B.A.Hons, ACIS.. Page | 9
East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 statement of financial activities incorporating income and expenditure account for the year ended 31 December 2024 Restricted funds Unrestricted funds 2024 Total funds Total funds 2023 2024 2024 Note Income from.. Charitable activities.. 369,016 369,016 351,956 Investments: 394 394 186 Total income.. 369,410 369,410 352,142 Expenditure on.. Charitable activities: 365,312 365,312 347,754 Total expenditure.. 365,312 365,312 347,754 Net movement in funds.. 4,098 4,098 4,388 Total funds brought forward.. 13,678 13,678 9,290 Total funds carried forward.. 15 0.00 17,776 17,776 13,678 All activities relate to continuing operations Page 110
East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Balance sheet as at 31 December 2024 2024 2023 Note 5&7 Fixed Assets 554 1,269 Current assets Debtors Cash at bank and in hand 35,275 47,874 27,350 45,096 83,149 72,466 Creditors.. amounts falling due within one year (46,384) (48,452) Net current assets 36,765 23,994 Long Term Liabilities-. amounts falling due After one year. 13 6,793 11,585 Net assets 30,526 13,678 Charity Funds Restricted funds Unrestricted funds 10 10 0.00 17,776 0.00 13,678 Prior Year Adjustment 15 12,750 Total surplusldeficit 30,526 13,678 The Trustees consider that the charitable company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 {"the ACY,) and the members do not require the charitable 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 statements were approved by the Trustee on 22 May 2025 and signed on their behalf, by.. The notes on pages 12 to 18 form part of these financial statements. Page | 11
East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Notes to the financial statements for the year ended 31 December 2024 Accounting policies 1.1 B a s i s of preparation of financial statements 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) (effective 1 January 2015)- (Charities SORP (FRS 102)), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 East Kent Education Business Partnership Limited trading as EBP Kent meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2 Re c o n c i l i a t i o n with previous Generally Accepted Accountlng Pra¢ti¢e 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 reststement 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 to £1 per member of the charitable company. 1.4 F u n d accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitsble company and which have not been designated for other purposes. Restricted funds are funds which are to be used 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 specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 1.Slncome All income is recognised On the charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 1.6Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Charitable activities are costs incurred on the charitable company's operations, including support costs and costs relating to the governance of the charitable company apportioned to charitable activities. Page112
East Kent Education Business Partnership Limited trading as EBP Kent Reglstered number: 03233149. Charity number:1083379 Notesto the financial statements for the year ended 31 December2024 Accounting policies (continued) 1.7 Going concern The unrestricted funds stand at £30,526 at Balance Sheet date. The accounts have been ppared on a going concern basis. The Trustee considers that the future financial resources available to the company are adequate to meet its operational needs for the foreseeable future. 1.8 Tan g i ble fixed assets and depreciation All expenditure on computer equipment in excess of £500 will be capitalised. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to 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 33 % straight line 15 % straight line 1.9 Interest recelvablo Interest on funds 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 Operating leases Rentals under operating leases are charged to the Statement of financial activities incorporating income and expenditure account on a straight line basis over the lease term. 1.11 Debtors Trade and other debtors are recognised at the settlement amount afterany 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 term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.13 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charitable company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at 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 rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. Page | 13
East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Notes to the financial statements for the year ended 31 December 2024 Accounting policies (contlnued) 1.14 Financial instruments The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments 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 Pensions The charitable company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charitable company to the fijnd in respect of the year. Income from charitable activities Restricted Funds 2024 Unrestricted Funds 2024 Total Funds 2024 Total Funds 2023 Business of Enterprise Community Strand 2,200 Employability and Enterprise 16,035 Employment Preparation 255,525 255,525 226,604 Virtual Platform 5,000 Employabilitylmisc Income 113,491 113,491 102,117 69,016 369,016 51,956 In 2024, of the total income from charitable activities, £369,016 was to unrestricted funds and £0 was to restricted funds. Investment income Restricted Unrestrlcted funds funds 2024 2024 Total funds 2024 Total funds 2023 Investment income 394 394 186 In 2024, of the total investment income, all was to unrestricted funds. Page | 14
East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Notes to the financial statements for the year ended 31 December 2024 Analysis of expenditure on charitable activities Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Employability and Enterprise Employment preparation Business of Enterprise Community Strandlvirtual Platform WorkshopslMisclPrimary 15,620 222,147 365,312 365.312 5,206 104,781 365,312 365,312 347,754 In 2024, of the total expenditure, £365,31212023 £347,754) was expenditure from unrestricted funds and £012023 £0 from restricted funds Net incomlng resourcesl (resources expended) This is stated after charging= 2024 2023 Depreciation of tangible fixed assets Owned by the charity 1,211 2,537 During the period, the Trustee5 did not receive any remuneration (2023- £NIL). During the period. the Trustee did not re¢eive any benefits in kind (2023- £NIL). During the period, the Trustee did not receive any reimbursement of expenses {2023 -£NIL). Page115
East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Notes to the financial statements for the year ended 31 December 2024 staff Gosts Staff costs were as follows.. 2024 2023 Wages and salaries Social security costs Pension 241,129 15,785 6,935 243,942 20,209 5,546 263,849 269.697 The average number of persons employed by the charitable company during the year was as follows.. 2024 No. 2023 No. Direct charitable work 10 No employee received remuneration amounting to more than £35,000 in either year. Tangible fixed assets Office Equipment Cost At 1 January 2024 Additions in Year 7,908 496 At 31 December 2024 8,404 Depreciation At 1 January 2024 Charge for year 6,639 1,211 At 31 December 2024 7,850 Net book value At 1 January 2024 At 31 December 2024 554 Page116
East Kent Education Business Partnership Llmlted trading as EBP Kent Registered number: 03233149. Charity number:1083379 Notes to the financial statements for the year ended 31 December 2024 Debtors 2024 2023 Trade debtors Unclaimed Employers Nl Relief Other debtors 15,239 17,750 2,286 25,580 1,770 35,275 27,350 Creditors: Amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Portion of Business Bounce Back Loan Sundry Pension contributions payable Accruals and deferred income 8,828 5,093 996 8,584 22,883 4,788 4,965 1,996 7,866 28,837 46,384 48,452 10. Statement of funds Brought Forward Income Expenditure Carried Forward 2023 2024 2024 2024 Investment Income General funds 394 369,016 13,678 365,312 Restricted funds Total of funds 13,678 369,410 365,312 17,776 Page | 17
East Kent Education Business Partnership Limited trading as EBP Kent Registered number: 03233149. Charity number:1083379 Notes to the financial statements for the year ended 31 December 2024 11. Pension commitments The charitable company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund and amounted to £6,935 (2023- £5.546}. Contributions totaling £8,584 (2023- £7,866} were payable to the fund at the balance sheet date and are included in creditors. 12. Operating lease commltments At 31 December 2024 the total of the Charity's future minimum l e a s e payments under non- cancellable operating leases was. 2024 2023 Amounts payable.. Within 1 Year Beeen 1 and 5 Years 3,003 19,019 22,022 1,887 1,887 13. Bounce Back Loan The balance of the loan remaining as at 31 December 2024 is £11,886 repayable over the remaining 28 months of the original loan term.{31 December 2023 £16,550) 14. Related party transactions There were no transactions with related parties during the year (2023 Nil). 15. Prior Year Adjustments As at 18 May 2025 HMRC confirmed a Credit on account in the sum of £19,000.00 relating to unclaimed Employers Nl Relief. Tax Year 202412025 £5,000.00, Tax Year 202312024 £5,000.00, Tax Year 202212023 £5,000.00 and Tax Year 202112022 £4,000.00. Allocated £1,250.00 to FIY 2025, £5,000.00 to FIY 2024, £5,000.00 to FIY 2023, £,4,750 to FIY 2022 and £3,000.00 to FIY 2021. Page118