Eastside Young Leaders, Academy Report and Accounts 31 March 2024 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 OEX
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 2024. structure, Governance and Management Governin Documen EYLA is a company limited by guarantee governed by its memorandum and articles of association dated 24 April 2002. It is registered as a Gharity with the Charity Commission. ointment 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. Or anisation 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 operatlonal 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 partles. This commlttea meets quarterly and the prlmary purpose is to provide a local sounding board to take into account the views of the community. R lated arti88 The charity has a relationship wlth Southside, Westside, Lewisham and Milton Keynes Young Leaders, Academies which are registered companies and charities in their own right. EYIA Seeks to work in partnership with charitles, providing advlce and support to them and other group8 who wish to set up new YL4s. Risk mana emen The trustees continue to carry out an analysis of the risks faced by the organlsation. ObJoctlve8, Actlvltlo8 and Futuro Plan8 The objectlve8 of EYLA are: To advance the educatlon 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, 30cial services and similar youth focused groups, organisations and agencies. Provide a 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 senlice to encourage young people to become involved, to empathise and to care. Provide family support to engage and maintain parental support for children and maximise their participation in the work of EYL4. Maintain effective systems of measurement to monitor and evaluate the impact of EYLA,
REPORT OF THE TRUSTEES TO THE MEMBERS OF EASTSIDE YOUNG LEADERS. ACADEMY cont. Achi•voment and performance Attendance EYLA continued to provide leadership training on Saturdays during term time which over the last year took place across two venues, the Juniors at our own centre in Forest Gate and the Seniors at City of London School with increasing online delivery to expand our reach. The holiday and half-term leadership programme was based at Eastside. Weekly attendance averaged 310 participants, 500 in-school participants, 191 alumni and 105 scholars in boarding schools. Educatlon We provided supplementary booster classes in Maths and English, study skills and academic coaching as well as 11+ and cognitive ability tutoring (verbal and non-verbal reasoning) to prepare children for grammar or independent school entrance exams. We have partnered with boarding schools to provide enrichment activity days, summer school residentials, talks and tours as well as online and in person masterclasses. Notably we have worked closely with Eton, Dulwich, Lancing Colleges, Rugby, Stowe and Tonbridge Schools. 940h of 22 students gained 9+ GCSES Grade 94. 1000/0 gained 8+ Compare National Average - 67.8Vo gaining 5+ grade 94.. an overall increase of 33.30/0 on students from a similar background who have not received the benefit of EYLA inteNentions. 1000/0 of 20 students gained 3+ A levels or equivalent. 35 % gained A'A. Compare London average - 300/0 gaining A"A; 75 % of young leaders improved their cognitive ability scores by a mlnimum of 200/0 between baseline and end of year test8. Opportunltles and leaderJhlp The leadership programme has focussed on problem solving, team work, transactive knowledge, social action, politics and power with an emphasis on physical and mental health and wellbeing. Our corporate partners such as Acasta, Bank of America, CPP, Freshstream, Linklaters and OMD UK, have been especially supportive through various opportunities university scholarships, internships, apprenticeships, work experience, business courses, career insight visits, employability skills training and mentoring. 86 % of young leaders demonstrated Improvements in self-confidence and leadershlp skills across a range of indicators (communication, problem solving, creativity, positivity, ambition and teamwork). Parnnt Unlverslty Throughout the past year parents attended a range of sessions to develop and share their skills. The Steering Group of The Diamond Club which parents established last year has taken responsibility for organising several events including a Christmas Party and a Mental Health Awareness course. Alumnl This last year has seen greater alumni involvement through mentoring, sharing career experiences and insights, general volunteering and engagement with the board of trustees. Out of 156 active alumni 50% are in work having attended university., 7CfiI accessed work via the apprenticeship route. 390/0 are currently at university; 20/0 are on degree apprenticeships. 20/0 are currently on a gap year (2023-2024) beft)re university; all alumni are in education employment or training (i.e. Zero NEETS).
REPORT OF THE TRUSTEES TO THE MEMBERS OF EASTSIDE YOUNG LEADERS. ACADEMY cont. WORK BEING CARRIED FORWARD THROUGH 2024-2026 EYLA will continue to expand its community and corporate partners, network towards a pipeline into the workforce for Black youth. We will continue to expand our reach numerically and geographically through improving our use of technology, virtual delivery and social media. The Board of Trustees will continue the process of succession planning towards recruiting a new CEO. Successlon Plannlng The Eastside community was devastated by the sad and sudden loss of our founder and CEO, Ray Lewis. Ray leaves an enormous legacy through his family, the programmes he established with the aim of addressing racial inequality in our society, and the Young Leaders who he empowered and who are now tasked with taking his vision forward. We are committed to ensuring that EYLA goes from strength to strength as we continue to work tirelessly towards our mission. Ray was due to 'semi-retire' so trustees had begun the process of succession planning and as such are launching a search for a new CEO. In the interim Anne Collard and Carol Murraine will continue to run the day-to-day operations of the charity. Trlbute to the late Ray Lewls CBE - 1963-2024 Ray Lewis founded EYLA in 2002. A former prison service manager of a young offenders, institute, Lewis recognised the disproportionate number of Black boys outside education and incarcerated. He went on to design a leadershlp trainlng curriculum to help them stay in school and flourlsh in the workplace. Lewis once said: "For too long, Black people have had to wait to receive crumbs from the Master's table. I want to support a generation to believe they can sit at that table., Part of Lewis's plan to achieve equality involved securing prlvate school scholarships for his Black Saturday school students living in Newham, east London, and over 270 went on to attend the likes of Eton, Rugby and Stowe. Many have since secured well-paid jobs in a range of professions including government and law. More recently, three former Rugby School puplls and one who attended Wellington College returned to EYLA to sit on its board. One is now chair of trustees. Lewis's bold approach to levelling up attracted the attention of senior politicians and in 2008 the then Mayor of London Boris Johnson asked him to serve as a senior advisor on mentoring and youth crime. More recently Lewis's work was immortalised in the BBC3 series Boarder8 a comedy confronting privilege and tokenism through the eyes of five Black students who a sent to an elite private school. The writer Daniel Lawrence Taylor revealed he based the drama on Lewis's work at EYL4 after reading about in a national newspaper. Lewis was born in Guyana and emigrated to London aged one with his family. He met his wife Pam, in London, and they raised a family comprising three daughters and more recently two grandchildren. Lewis's daughter Chloe said.. "Ray, our dad, was a force of nature. This was as true of him as a father and husband, as much as it was in his professional life. He instilled in us all the importance of living a genuinely purpose driven life, and his work ethic was matched only by his sense of humour. He leaves behind a huge legacy, and a hole in our lives and those of hundreds of others.. EYLA has become a model of excellence and continues to transform the lives of boys and girls growing up In adversity. Lewis extended its reach across London and fvrther afield to Milton Keynes, Leicester and Nottingham. EYLA'S co-founder Anne Collard and head of programmes Carol Murraine said: "Ray was not Just the founder of EYLA. he was a friend and father figure to many and will be deeply missed. His legacy and light will live on through his family and the young leaders who he inspired and challenged to be the best that they can be. We will now look to them to lead us fOard.,
REPORT OF THE TRUSTEES TO THE MEMBERS OF EASTSIDE YOUNG LEADERS. ACADEMY cont. Ric Lewis, Executive Chairman and Co-chief Investment Officer of Tristan Capital Partners and founder of The Black Heart Foundation, became a patron of EYLA in 2007. He said: "Almost from the first days I arrived to live in England 25 years ago, Ray Lewis joined me, partnered with me and taught me how to lead with grace, import and impact as we jointly sought to make a difference in the inspiration and aspiration of the disenfranchised young people throughout our country. I regard him as a mentor and a brother. The Black Heart Foundation wouldn't serve as it does today without Ray's guidance, input and governance. There are few words that can properly quantify the enormity of Ray's impact on so very many of us and the immensity of the loss to our community as we chart our pathway forward without him., Patrick Derham, a former headmaster of Rugby and Westminster School, added.. "Meeting Ray changed my life. He was a visionary who helped so many young people believe in themselves and to be agents of change in their communities and beyond. His legacy will live on..
REPORT OF THE TRUSTEES TO THE MEMBERS OF EASTSIDE YOUNG LEADERS. ACADEMY (Cont.) Flnanclal revlew For the year ended 31 March 2024, EYLA had a total income of £338,072 (2023: £481,382) and total expenditure of £403,862 (2023.. £470,320), resulting in a net deficit in funds for the year of (£65,790) (2023: £11,062) due malnly to lower income received in 2024. The restricted fund balance at 31 March 2024 was £219,878 (2023: £227,168). The unrestricted fund balance at 31 March 2024 was £61,543 (2023: £120,044). The carried forward fund balance at 31 March 2024 amounted to £281,422 (2023: £347,212). Overviews 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 Pollcy The trustees have examined the charity's requirements in the Ilght of the maln 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. Current reserves are acceptable and we continue to put cost saving measures in place towards maintaining adequate reserves. Tru8tees' respon8lbllltle8 In relatlon to the Ilnanclal statements The trustees are required by company law to prepara a financial statement for each year which gives a true and falr view of the flnancial 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 financlal statements on a going concern basis unless It is inappropriate to presume that the company will continue in business. Member8 of the Management Commlttee 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 3. 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 charlty 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.. 27 August 2024
EASTSIDE YOUNG LEADERS. ACADEMY PRINCIPAL ACCOUNTING POLICIES AS AT 31 MARCH 2024 Basls of accountlng 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 ststements 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 entltled 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 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. Expendlture Expenditure is included In the statement of financial activities when incurred and includes attributable VAT which cannot be recovered. Expenditure comprises the following.. 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 Gategory are costs associated with the strategic as opposed to the day-to-day management of the charity's assets. Tanglble Flxed 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 accountlng 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.
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF EASTSIDE YOUNG LEADERS. ACADEMY Independent examlnefs report to the trustees of Eastslde 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 2024 Responslbllltles and basls 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 dlrection8 given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlnerfs statement Since th& 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 l am qualified to undertake the examination because l 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 wilh 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 Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other rnatters in connectlon 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.. Name: Alfred Hanson, FCCA Fellow of the Association of Chartered Certified Accountants, UK Hanson & Associates, Anerley Business Centre, Anerley Road, London SE20 8BD 30 August 2024 Address.. Date: HANSON & ASStstIAYf I (Chartered Certlll•d Ao¢ounlonWI Anerley Bu¥lrt••• C*h¢fe hn•rley Town H•ll, Anpilèy London H20 10
EASTSIDE YOUNG LEADERS, ACADEMY Statement of Financial Actlvlties YEAR ENDED 31 MARCH 2024 Unrestricted Funds Restricted Funds Total 2024 Total 2023 Note INCOME AND ENDOWMENTS Donatlons Grants Trust & Foundation Investment income Total Operating Income 96,038 49.047 63,OB9 6,008 214 181 53,025 40,865 30,000 149,063 89,912 93,089 6,008 89,672 245,193 144,200 2,317 481 382 90 Expenditure Raislng Funds Fundraising activltles Total costs of ralslng funds 4,542 4,54 4,542 4,54 2,020 Charltable actlvitles - EYL4 268.140 131.180 399,320 468,300 Total operating expendlture 131180 62 470 320 Net operatlng Income Balance at l Aprll 2023 120,044 227.168 347,212 336.150 Balance at 31 March 2024 219 878 281422 347 212 All amounts relate to contlnulng actlvltles. There are no recognlsed galns and losses other than those dealt wlth In the above Statement of Financial Actlvltles. The notes on pages 13 to 15 form part of these financlal statements. 11
EASTSIDE YOUNG LEADERS, ACADEMY Balance Sheet AS AT 31 MARCH 2024 2024 2023 Note Flxed Assets 21,149 18.057 Current Assets Debtors Cash at bank and in hand 262.123 262.123 334.134 334,134 Credltors: Amounts falllng due wlthln one year Net Current Assets (1,8501 (4,979 260.273 329 155 281 422 347 212 Accumulated Funds Restrlcted Funds Unrestrlcted Funds 219,878 61.544 227.168 120,044 281 422 347 212 For the year ended 31 March 2024 the charltable company was entltled to exemptlon from audlt under sectlon 477 of the Companles Act ( the Act I relatlng to small companles. The members have not requlred the company to obtaln an audlt of its flnanclal statements for the fFnanclal year In questlon In accordance wlth sectlon 476 of the Act. The trustees acknowledge their responslbilltles for complylng wlth the requlrements of the Companles Act 2006 with respect to accountlng records and the preparation of financlal statements. Approved by the trustees of Eastslde Young Leaders, Academy, Company Reglstratlon Number 04432313 (En land and Wales) and slgned on thelr behalf by., Davld EJlm- In - (Chalr of trustees) Date Approved.. 27 August 2024 12
EASTSIDE YOVNG LEADERS, ACADEMY Notes to the Flnancial Statements For the year ended 31 March 2024 2024 2023 I INCOME AND ENDOWMENTS Donations and Grants - Restrlcted Indlvlduals Trusts and Foundatlons Organlsations - Grants Organisations - Donatlons loo 30.000 40,865 52.925 41,800 89,676 Donatlons and Grants - Unrestrlcted Indlvlduals & Glft Ald Trusts and Foundatlons Organisatlons- Grants Organisations- Donatlons YLS Galleria 21.419 63,089 49,047 74.619 26,782 81,500 100.517 57,890 Bank Inte$t 2 EXPENDITURE 2024 2023 Ralslng Funds - Unrestrlcted Fundralslng actSvltles Charltable Actlvltles - Restrlcted Staff costs After School Actlvltles Accredltatlon Charitsble Donatlons Volunteer expenses Food & Caterlng Premlses costs Facllltators & Sesslonal staff Offlce expenses Scholarshlp expenses BulldSno & Llbrary expenses Small Tools & Equlpment Travel & Conferences Scholar Support Consultsncy Motor Vehlcle expenses Motor Expenses 35,861 3.207 25 2,740 2,174 64 74,127 7.692 27.350 1,685 400 40,000 13,035 29,680 5.534 4.184 4.082 5,345 13
EASTSIDE YOUNG LEADERS, ACADEMY Notes to the Flnanclal Statements For the year ended 31 March 2024 2024 2023 Charltable Actlvltles - Unrestrlcted staff costs Penslons After School Actlvitles Volunteer expenses Food & Caterlng Facllltators & Sesslonal staff Office expenses Hord5hlp Fund Legal & Professlonal fte5 Bulldlng & Llbrary expenses Small Tools & Equlpment Travel & Conference5 Consultancy Events Depreclatlon 60,770 15,000 1,488 5,088 9,653 31,094 5,379 62,437 79.000 8,663 5,209 10,956 60,292 5,280 900 888 13,153 1,430 11.982 160 6,240 8,535 36,738 160 2,944 Support & Governance Costs - Unrestrl¢ted Support cost5 Accountsncy fees Bank Interest and chorges 78.889 3,000 174 70,436 3,000 215 Total Charltable Expendlture - Restrlcted Total Charltable ExpendItU - Unrestrlcted Totsl Charltable Expendlture 131,180 272 682 126,006 344 314 47 2024 2023 3 Staff Costs Wages and salarles Soclal securlty costs 60,000 770 93,409 Average number of staff employed The number ofemployees who eamed taxable emoluments more than £60,000 durlng the year wa5 none 12023.. None). 4 Tanglble Flxed Assets Flxtures & Flttlngs Computer Equlpment Total Cost 01 Aprll 2023 Addltlons 55,069 8,312 63,381 58,849 13,397 72,246 Depreclatlon l AprS12023 Charge for year 44,029 1,294 45,323 46,901 4,196 51,097 Net Book Value 31 March 2024 31 March 2023 14
EASTSIDE YOUNG LEADERS, ACADEMY Notes to the Flnancial Ststements For the year ended 31 March 2024 2024 2023 5 Debtors Accrued Income Prepayments Other Debtot3 2024 2023 6 Creditors.. Amounts falllng due wlthSn one year Other credltors 7 Statement of Funds l Aprll 2023 Income Expendlture 31 March 2024 Unrestrlcted general funds 120,044 214,182 272,682 61,544 Restrlcted Funds,. 227.168 123,890 131,180 219,878 Total Funds 8 Donor Llst Black Heart FoundatSon Charlty Ald Foundatlon ICAFI Eton College Future Charlty Hellos - lack Petchey Foundatlon Lansdowne Partners Llnklaters Makers of Playlng Cards Chadty Royal Sprfngboard - The Natlonal Lottery Cl Eastslde FIFlow- SoLrthampton - Futu EYLA - Garfleld Weston H?ckney Councll L&Q Place MBkers 15