2022-03-31-accounts

Eastside Young Leaders’ Academy

Report and Accounts

31 March 2022

Registered Charity No. (England and Wales): 1093977 A Company Limited by Guarantee. Registered in England and Wales: 04432313 Registered Office: Bignold Hall, Bignold Road, London, E7 0EX

1

EASTSIDE YOUNG LEADERS’ ACADEMY INDEX TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

CONTENTS	PAGE
ADMINISTRATIVE INFORMATION	3
REPORT OF THE TRUSTEES	4
PRINCIPLE ACCOUNTING POLICIES	8
REPORT OF THE INDEPENDENT AUDITORS	9
STATEMENT OF FINANCIAL ACTIVITIES	10
BALANCE SHEET	11
NOTES TO THE FINANCIAL STATEMENTS	12

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EASTSIDE YOUNG LEADERS’ ACADEMY

ADMINISTRATIVE INFORMATION

YEAR ENDED 31 MARCH 2022

REGISTERED CHARITY NUMBER: 1093977 COMPANY REGISTRATION NUMBER: 4432313 BUSINESS ADDRESS: Bignold Hall Bignold Road London E7 0EX TRUSTEES AND DIRECTORS: Matthew Hagopian – Chair (resigned 1.4.22) Dawn Ferdinand (resigned 1.4.22) Lady Deborah Si Yin Buffini (resigned 15.11.21) Giles Marshall Misa Von Tunzelman Marcus Kerr Tom Carroll Thomas Tharakan – Company Secretary David Ejim-McCubbin – Chair (from 1.4.22) Oluwapelumi Agbedejobi (appointed 14.11.21) Keza N’ganga (appointed 14.11.21) Adrian Deazle (appointed 20.1.22) Mrunal Dave (appointed 20.1.22) MANAGEMENT TEAM Ray Lewis – Chief Executive Officer Anne Collard – Head of Compliance BANKERS: Lloyds Bank Eastern Branch PO Box 1000 BX1 1LT

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REPORT OF THE TRUSTEES TO THE MEMBERS OF EASTSIDE YOUNG LEADERS’ ACADEMY

The trustees present their report together with the financial statements of Eastside Young Leaders' Academy (EYLA) for the year to 31 March 2022.

Structure, Governance and Management

Governing Document

EYLA is a company limited by guarantee governed by its memorandum and articles of association dated 24 April 2002. It is registered as a charity with the Charity Commission.

Appointment of Trustees

As set out in the articles of association the chair is elected by the trustees. New trustees are invited to join the board by members of the board. Their specific role and tasks are agreed at board meetings.

Organisation

The board of trustees, which meet quarterly, can have up to 15 members and administers the charity. A Chief Executive is appointed by the trustees to manage the day to day operations of the charity.

To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance and employment. The trustees employ an external financial controller to manage the finances of the business.

The charity also has an informal steering group comprising parents, partners and other interested parties.This committee meets quarterly and the primary purpose is to provide a local sounding board to take into account the views of the community.

Related parties

The charity has a relationship with Southside, Westside, Lewisham and Milton Keynes Young Leaders' Academies which are registered companies and charities in their own right. EYLA seeks to work in partnership with charities, providing advice and support to them and other groups who wish to set up new YLAs.

Risk management

The trustees continue to carry out an analysis of the risks faced by the organisation.

Objectives, Activities and Future Plans

The objectives of EYLA are:

To advance the education of children and young people, mainly British, Black, Asian and minority ethnic (BAME), between the ages of 8 and 18 by providing or assisting in the provision of training for the benefit of such children who are in need or socially excluded, so as to enable them to develop the capacity and skills which will enhance their lives and enable them to participate more fully in society.

EYLA has the general aim of empowering BAME boys and girls to become the next generation of successful leaders through four major areas of activity: leadership training, opportunities, education and support.

The main objectives for the year continue to be improving educational attainment through academic support; providing opportunities to develop leadership skills, raise aspirations and broaden horizons in partnership with the business community; mentoring support for the young leaders and support for their families.

The strategies employed to achieve the charity's objectives are to:

• Recruit young people who will most benefit from the programme by taking referrals from schools, faith groups, the police, parents, social services and similar youth focused groups, organisations and agencies.

• Provide an after school tutorial programme managed by qualified teachers to help young people achieve more at school.

• Provide Saturday and holiday programmes to enable young people to develop their interpersonal, communication and leadership skills through a range of activities, visits and residentials.

• Provide mentoring from a pool of high quality, committed professionals and leaders who can motivate and inspire in a safe and positive environment.

• Arrange community service to encourage young people to become involved, to empathise and to care.

• • -Provide family support to engage and maintain parental support for their children and maximise their participation in the work of EYLA, with access to counselling if required.

• Maintain effective systems of measurement to monitor and evaluate the impact of EYLA.

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REPORT OF THE TRUSTEES TO THE MEMBERS OF EASTSIDE YOUNG LEADERS' ACADEMY cont.

Achievement and performance

Attendance

Following the previous year of lockdowns and online learning, we resumed on-site delivery blended with virtual workshops and rebuilt our leadership programme attendance to 280 regular participants, 500 inschool participants and 112 scholars in boarding, 115 active alumni and 120 parents attending weekly online workshops.

Education

Continuing with post-Covid educational recovery our education programme provided booster classes in core curriculum subjects, study skills and academic coaching. We also offered 11+ tuition and cognitive ability tutoring (verbal and non-verbal reasoning) towards grammar school entrance.

We have strengthened our partnerships with independent schools to benefit young leaders as well as scholars applying for boarding bursaries. Events have included visits with enrichment activity days, summer school residentials, talks and tours as well as masterclasses at Eastside. Notably we have worked closely with Eton, Dulwich, Lancing and Wellington Colleges and Rugby and Stowe Schools.

• 100% of 24 students gained 7 + GCSEs Grade 9-4 cf National Average of 79.1% gaining 5+ grade 9-4.

• Of the 12 Year 13 students who took A levels or equivalent - 83% gained A-B; 25% gained AA; the highest set of results was 4 A*s.

• Of the 115 alumni, 13 have pursued apprenticeships, 102 embarked on university degrees.

• 75% of students improved their cognitive ability scores by a minimum of 12% between baseline and end of year tests.

Opportunities and leadership

Senior young leaders attended their leadership classes at City of London School benefiting from a drama studio, theatre, science labs and volunteer teachers, whilst the Juniors were based at Eastside. The young leaders’ council met monthly to monitor and plan activities.

Our focus over the last year across all ages has been on confidence, communication, creativity, critical thinking and campaigning. This included kinaesthetic workshops, performing arts, soft skills, presentation skills and social action. In addition we had an emphasis on employability skills, career insights and corporate visits such as Polygon and Linklaters.

Highlights of the year included the Lancing College Summer School, ‘Pathways to Employment’ programme, a day trip to Margate, Kenya in the Park, our end of year graduation at City of London School and a successful Covid vaccine campaign.

Parent University

Online meetings and workshops have become a regular feature enabling a greater number of parents to meet weekly. Sessions have included a range of guest speakers including talks on finance management, writing a will, handling trauma, supporting your child’s schooling; we’ve also had some entertaining ‘Desert Island Disc’ sessions.

Alumni

There are four alumni on the Board of Trustees; David Ejim-McCubbin was elected as chair of the board. Alumni continue to keep in touch as volunteers and mentors.

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Impact of Covid

In our last annual report we stated that in the wider context the pandemic has had greater impact on poorer communities where BAME communities are disproportionately represented; Covid has put our community at the centre of this and we are committed to ensuring that our children and families get the support they need for educational recovery and improved wellbeing. We believe that our balance of academic classes, leadership workshops and enrichment opportunities over the past year has made a positive difference towards fulfilling that commitment.

General Progress of the organisation

We look back over the last two decades to see distance travelled through our 20 year timeline:

• 2002 Opened our doors to 20 boys for leadership training on Saturday mornings

• 2003 Started after school tuition

• 2005 Developed portable delivery model for in-schools programme

• 2007 Began Scholars Programme - full bursary places at Boarding Schools; Guardian Charity of the Year Award, helped set up Southside Young Leaders’ Academy

• 2010 Moved to current premises - first building with sole use; established post 18 alumni programme including original 2002 cohort of boys

• 2011 Screening of ‘Eastside Story’ (Polly Steele, Axiom Films)

• 2012 Girls joined the programme; Set up ‘respite space’ for excluded pupils

• 2013 Helped set up Westside Young Leaders’ Academy

• 2017 Registered with AQA Unit Award Scheme for an accredited leadership curriculum

• 2018 First alumnus joined Board of Trustees; set up Milton Keynes Young Leaders’ Academy; Sunday Times Magazine article ‘How the Other Half Lives’ - most read article of the year; launched Creative Arts Programme-Young, Gifted & Fab - production at Greenwich Theatre

• 2019 The Great Debate (sparked by Jayden Moodie) - visits from Channel 4 & Radio 4

• 2020 Adapted to Covid-19 restrictions and launched online delivery of leadership programme; our first Oxbridge candidate gained a place at Oxford

• 2021 Alumni formed Eastside Research Group; established the Young Leaders’ Galleria to increase employment opportunities for Black Youth

• 2022 Four alumni on Board of Trustees including one as chair.

WORK BEING CARRIED FORWARD THROUGH 2022/2023

Community Organising: this is a work in progress as we embed social action into the leadership programme to train our youth into community leadership, involving parents through the Parent University.

Young Leaders Galleria: funded by The Bank of America and in its early stages the YLG is establishing a framework to galvanise community organisations and corporations to collaborate towards fairer access to employment for Black youth.

Special Notice

The Trustees, Staff, Young Leaders and Parents are grateful to Matthew Hagopian, Dawn Ferdinand and Lady Debbie Buffini for their years of dedicated service to EYLA. We have been pleased to welcome Adrian Deazle, Manon Dave to the board along with EYLA alumni Pelumi Agbedejobi and Keza N’ganga.

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REPORT OF THE TRUSTEES TO THE MEMBERS OF EASTSIDE YOUNG LEADERS' ACADEMY (Cont.)

Financial review

For the year ended 31 March 2022, EYLA had a total income of £468,150 (2021:£685,187) and total expenditure of £449,572 (2021:£502,284), resulting in a net surplus for the year of £18,578 (2021: £182,903).

The restricted fund balance was £221,698 at 31 March 2022. (2021: £221,202). The unrestricted fund balance was £114,452 at 31 March 2022. (2021: £96,370).

The carried forward fund balance at 31 March 2022 amounted to £336,150 (2021: £317,572).

Overview of EYLA finances, including detailed management reports, were provided to the directors and trustees throughout the year to give them better insight and understanding of the finances of the charity, which enabled them to make relevant decisions and to monitor the financial position of the charity.

Reserves Policy

The trustees have examined the charity's requirements in the light of the main risks to the organisation. It has established a policy whereby unrestricted funds not committed or invested in tangible fixed assets held by the charity should cover 3 months operating costs including staff salaries. The present level of reserves is adequate to cover anticipated operating costs for 3 months. However, with the current increased cost of living and higher energy bills anticipated, there must be a number of cost saving measures put into place during the financial year to ensure the organisation’s finances is not overstretched.

Trustees' responsibilities in relation to the financial statements

The trustees are required by company law to prepare a financial statement for each year which gives a true and fair view of the financial activities of the charity company and its financial position for that period. In doing so the trustees are required to:

• Select suitable accounting policies and apply them consistently through the year;

• Make sound judgements and estimates that are reasonable and prudent;

• State whether the policies adopted are in accordance with the Companies Act 1985 and with applicable accounting standards and statement of recommended practice, subject to any material departures disclosed and explained in the financial statements.

• Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business.

Members of the Management Committee

Members of the management committee, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year are set out on page 1.

In accordance with company laws, as the company's directors we certify that:

• So far as we are aware, there is no relevant audit information of which the company's independent examiners are unaware; and

• As the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity's independent examiners are aware of that information.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the company and for taking reasonable steps for the prevention of fraud and other irregularities.

By order of the trustees:

David Ejim- McCubbin - (Chair of trustees): Date: ………………………………………………

28/10/2022

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EASTSIDE YOUNG LEADERS' ACADEMY

PRINCIPAL ACCOUNTING POLICIES

AS AT 31 MARCH 2022

Basis of accounting

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Cash flow statement

The financial statements do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under FRS 102.

Income

Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor or funder has specified that the income is to be expended in a future accounting period.

Income represents donations, grants, fees for services rendered and interest receivable. Grants subject to specific conditions are credited to relevant restricted funds.

Expenditure

Expenditure is included in the statement of financial activities when incurred and includes attributable VAT which cannot be recovered.

Expenditure comprises the following:

• a. Charitable expenditure comprises expenditure on the charity’s primary charitable purposes.

• b. Governance costs comprise the costs associated with governance of the charity incurred in connection with the administration of the charity and compliance with institutional and statutory requirements. Included within this category are costs associated with the strategic as opposed to the day to day management of the charity's assets.

Tangible Fixed Assets

Fixed assets, which are stated at cost, are depreciated at rates sufficient to reduce the net book amount of those assets to their estimated residual value at the end of their expected useful lives. The following rates are currently used:

Motor Vehicles - over 4 years on a straight line basis

Fixtures and fittings - over 5 years on a straight line basis

Fund accounting

Unrestricted funds represent those monies which may be used towards meeting the charitable objectives of the charitable company at the discretion of the trustees.

The restricted funds are monies raised for, and their use restricted to, a specific purpose, or grants subject to donor imposed conditions.

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REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF EASTSIDE YOUNG LEADERS' ACADEMY

Independent examiner's report to the trustees of Eastside Young Leaders' Academy ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's 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, I report in respect of my examination of your charity's account 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

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, UK which is one of the listed bodies.

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

1. Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act

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 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

4. 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).

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

Signed: Alfred hanson Name: Alfred Hanson, FCCA Fellow of the Association of Chartered Certified Accountants, UK Address: Hanson & Associates, Anerley Business Centre, Anerley Road, London SE20 8BD Date: 19 September 2022

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EASTSIDE YOUNG LEADERS' ACADEMY

Statement of Financial Activities

Year Ended 31 March 2022

Note INCOME AND ENDOWMENTS Donations 1 Grants 1 Trust & Foundation 1 Investment income 1 Total Operating Income Expenditure Raising Funds - Fundraising activities 2 Total costs of raising funds Charitable activities - EYLA 2 Total operating expenditure Net operating income Balance at 1 April 2021 8 Balance at 31 March 2022	£ 88,078 94,503 70,618 351 253,550 5,445 5,445 230,023 235,468 18,082 96,370 114,452 Unrestricted Funds	£ 1,575 5,167 207,859 214,600 - - 214,104 214,104 496 221,202 221,698 Restricted Funds	£ 89,653 99,670 278,476 351 468,150 5,445 5,445 444,127 449,572 18,578 317,572 336,150 Total 2022	Total 2021 £ 260,771 297,780 126,299 337
				685,187
				2,391
				2,391 499,893
				502,284
				182,903
				134,669
				317,572

All amounts relate to continuing activities. There are no recognised gains and losses other than those dealt with in the above Statement of Financial Activities.

The notes on pages 12 to 14 form part of these financial statements.

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EASTSIDE YOUNG LEADERS' ACADEMY

Balance Sheet

as at 31 March 2022

Note Fixed Assets 4 Current Assets Debtors 5 Cash at bank and in hand Creditors: Amounts falling due within one year 6 Net Current Assets Accumulated Funds Restricted Funds 8 Unrestricted Funds 8	2022 £ 11,930 - 333,592 333,592 (9,373) 324,219 336,150 221,698 114,452 336,150	2021 £ 7,285 1,234 331,770
		333,004 (22,717)
		310,287
		317,572
		221,202 96,370
		317,572

For the year ended 31 March 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act ("the Act") relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the financial 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.

Approved by the Trustees of Eastside Young Leaders' Academy, Company Registration Number 04432313 (England and Wales) and signed on their behalf by:

David Ejim- McCubbin – (Chair of trustees)	28/10/2022
	Date Approved

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EASTSIDE YOUNG LEADERS' ACADEMY

Notes to the Financial Statements

for the year ended 31 March 2022

1 INCOME AND ENDOWMENTS Donations and Grants - Restricted Individuals Trusts and Foundations Organisations - Grants Organisations - Donations YLs Galleria Donations and Grants - Unrestricted Individuals Trusts and Foundations Organisations - Grants Organisations - Donations Bank interest 2 EXPENDITURE Raising Funds - Unrestricted Fundraising activities Charitable Activities - Restricted Staff costs After School Activities Accreditation Charitable Donations Volunteer expenses Food & Catering Premises costs Facilitators & Consultancy fees Antebellum Facilitators & Consultancy fees Office expenses Scholarship expenses Building & Library expenses Small Tools & Equipment Travel & Conferences Scholar Support Uniforms Motor Vehicle expenses Charitable Activities - Unrestricted Staff costs After School Activities Volunteer expenses Food & Catering Facilitators & Consultancy fees Office expenses Legal & Professional fees Building & Library expenses Small Tools & Equipment Travel & Conferences Pathways to Employment Depreciation	2022 £ 1200 134,475 5,167 375 73,384 214,600 10,247 70,618 94,503 77,831 253,199 351 351 2022 £ 5,445 5,445 58,801 10,764 517 8,478 2,089 107 81,472 17,376 25,948 5,355 2,258 940 214,104 109,203 7,146 300 8,041 13,809 6,923 335 9,423 8,874 15,691 3,041 182,786	2021 £ 126,299 141,905 40,711 32,880
		341,795
		88,294 155,875 98,886
		343,055
		337
		337
		2021 £ 2,391
		2,391
		56,462 15,768 13,600 17,362 3,544 76,648 9,273 21,726 4,250 1,763 825
		221,221
		108,561 7,058 10 5,012 21,054 7,032 13 10,893 1,848 305 1,381
		163,167

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EASTSIDE YOUNG LEADERS' ACADEMY

Notes to the Financial Statements

for the year ended 31 March 2022

Support & Governance costs - Unrestricted Support costs Accountancy fees Bank interest and charges Covid 19 Expenses Total Charitable Expenditure - Restricted Total Charitable Expenditure - Unrestricted Total Charitable Expenditure 3 Staff Costs Wages and salaries Social security costs Average number of staff employed	42,792 4,250 194 47,236 214,104 235,468 449,572 2022 £ 152,597 15,406 168,004 9	67,963 4,060 43,288 195
		115,506
		221,220 278,674
		499,893
		2021 £ 151,742 13,282
		165,023
		7

The number of employees who earned taxable emoluments more than £60,000 during the year was none (2021: None).

4 Tangible Fixed Assets

4 Tangible Fixed Assets
Cost 1 April 2021 Additions 31 March 2022 Depreciation 1 April 2021 Charge for year 31 March 2022 Net Book Value 31 March 2022 31 March 2021 5 Debtors Accrued Income Prepayments Other Debtors	Total £ £ £ 46,829 0 46,829 4,460 3,226.97 7,687 Fixtures & Fittings Computer Equipment
	51,289 3226.97 54,516 39,544 0 39,544 1,747 1294.43 3,041
	41,291 1294.43 42,585 9,998 1932.54 11,930
	7,285 0.00 7,285
	2022 £ - - - -	2021 £ 907 327
		1,234

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EASTSIDE YOUNG LEADERS' ACADEMY

Notes to the Financial Statements

for the year ended 31 March 2022

6 Creditors: Amounts falling due within one year Other creditors 7 Analysis of Net Assets between Funds Fund balances at 31 March 2022 are represented by: Tangible fixed assets Current assets/(liabilities) - Restricted Current assets/(liabilities) - Unrestricted 8 Statement of Funds Unrestricted general funds Restricted Funds: Total Funds 9 Donor List BBC Children in Need Black Heart Foundation Buffini Chao De Winton Didymus Dulwich College Eton College GC C1Eastside – donations Jack Petchey Foundation Johnson Matthey L & Q Place Makers Lansdowne Partners Linklaters London Borough of Hackney London Borough of Newham London Community Foundation Makers of Playing Cards Royal SpringBoard The Big Ask The Fishmongers’ Company Tudor Trust	2022 2021 £ £ 12,373 22,717 12,373 22,717 £ 11,930 221,698 114,452 348,081 1 April 2021 Income Expenditure 31 March 2022 £ £ £ £ 96,370 253,550 235,468 114,452 221,202 214,600 214,104 221,698
	317,572 468,150 449,572 336,150

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