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← Eastside Young Leaders' Academy

2025-03-31-accounts

Eastside Young Leaders’ Academy

Report and Accounts

31 March 2025

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 2025

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

2

EASTSIDE YOUNG LEADERS’ ACADEMY

ADMINISTRATIVE INFORMATION

YEAR ENDED 31 MARCH 2025

REGISTERED CHARITY NUMBER: 1093977 COMPANY REGISTRATION NUMBER: 4432313

BUSINESS ADDRESS: Bignold Hall Bignold Road London E7 0EX TRUSTEES AND DIRECTORS David Ejim-McCubbin – Chair Giles Marshall Misa Von Tunzelman Marcus Kerr Tom Carroll Thomas Tharakan Oluwapelumi Agbedejobi - Company Secretary Keza Ng’ang’a Adrian Deazle Mrunal Dave Andrew Mobbs

MANAGEMENT TEAM Carol Murraine – Chief Executive Officer Anne Collard – Head of Compliance BANKERS: Lloyds Bank Eastern Branch PO Box 1000 BX1 1LT

3

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 2025.

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:

4

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

Activities and Achievements

The financial year began with a rigorous recruitment campaign to find the right person to continue the vision of EYLA’s late founder, Ray Lewis. Carol Murraine was appointed as the new CEO in January 2025.

The main focus over the last year which has driven delivery plans across our leadership curriculum has been communication skills, pathways to employment, social action and physical, mental and economic wellbeing.

Outputs

EYLA supported:

EYLA partnered with:

Outcomes

Evidenced by self-assessments based on the Universal SkillsBuilder Essential Skills Framework, staff observations, exam results as well as parent and school reports:

90% of Young Leaders demonstrated:

90% of Young Leaders felt:

Baseline levels of 8- 10 year olds on entry to EYLA’s programmes indicate that Maths and English levels are below the national average, however 95% of EYLA’s GCSE and A level students’ results are significantly higher than the national average for their demographic.

98% of EYLA school leavers entered higher education or apprenticeships. 2% opted for a gap year to gain experience whilst increasing income to assist with university costs.

Impact

EYLA’s programmes improve its beneficiaries’ leadership capacity, academic potential, life and work trajectory, sense of wellbeing and family dynamics.

5

Measurements of wider community impact (the ripple effect) indicate higher aspirations, increased access to employment, greater social mobility and improved community cohesion.

WORK BEING CARRIED FORWARD THROUGH 2024-2025

Survey results and self-assessments highlight that the lingering effects of the pandemic, experiences of racism in schools, and the pervasive negative influences of social media continue to impact the young leaders’ learning and mental health – this is also evident amongst the pupils we work with in local schools. In response, EYLA will intensify its focus on addressing these critical challenges. Our programmes will incorporate targeted interventions to foster greater resilience and improve mental health, equipping young leaders with the tools to navigate these pressures.

EYLA will be increasing its engagement with local schools through delivery of the leadership curriculum to improve participation and motivation.

A building survey highlighted a number of issues to be addressed so alongside our activities EYLA will be making some improvements which will enhance the aesthetics of the building.

6

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

Financial review

For the year ended 31 March 2025, EYLA had a total income of £497,306 (2024: £338,072) and total expenditure of £339,668 (2024: £403,862), resulting in a net surplus in funds for the year of £157,638 (2024: (£65,790)).

The restricted fund balance at 31 March 2025 was £272,316 (2024: £219,878). The unrestricted fund balance at 31 March 2025 was £166,744 (2024: £61,544).

The carried forward fund balance at 31 March 2025 amounted to £439,059 (2024: £281,422).

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 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. Current reserves are acceptable and we continue to put cost saving measures in place towards maintaining adequate reserves.

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:

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

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: ______ 21st August 2025

7

EASTSIDE YOUNG LEADERS' ACADEMY

PRINCIPAL ACCOUNTING POLICIES

AS AT 31 MARCH 2025

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:

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.

8

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 2025

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: ApadNanaon

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: 21/08/2025

9

EASTSIDE YOUNG LEADERS' ACADEMY

Statement of Financial Activities

YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS
Donations
1
Grants
1
Trust & Foundation
1
Investment income
1
Ray Lewis Scholarship Fund
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 2024
8
Balance at 31 March 2025		 Unrestricted
Funds
Restricted
Funds
Total 2025
Total 2024
£
£
£
£
170,757
0
170,757
149,063
18,000
102,591
120,591
89,912
46,548
23,880
70,428
93,089
7,380
7,380
6,008
104,150
24,000
128,150
346,835
150,471
497,306
338,072
1,963
1,963
4,542
1,963
0
1,963
4,542
239,672
98,033
337,705
399,320
241,635
98,033
339,668
403,862
105,200
52,438
157,638
-65,790
61,543
219,878
281,422
336,150
166,744
272,316
439,059
270,360

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.

10

EASTSIDE YOUNG LEADERS' ACADEMY

Balance Sheet

AS AT 31 MARCH 2025

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
Net Assets
Accumulated Funds
Restricted Funds
7
Unrestricted Funds
7
Total Funds		 2025
£
16,828
-
428,681
428,681
(6,450)
422,231
439,059		 2024
£
21,149
-
262,123
262,123
(1,850)
260,273
281,422
272,316
166,744
439,059		 219,878
61,544
281,422

For the year ended 31 March 2025 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)

Date Approved: …....................... 2025 21st August

11

EASTSIDE YOUNG LEADERS' ACADEMY

Notes to the Financial Statements

For the year ended 31 March 2025

1
INCOME AND ENDOWMENTS
Donations and Grants - Restricted
Individuals
Trusts and Foundations
Organisations - Grants
Organisations - Donations
Ray Lewis Scholarship Fund
Donations and Grants - Unrestricted
Individuals & Gift Aid
Trusts and Foundations
Organisations - Grants
Organisations - Donations
Ray Lewis Scholarship Fund
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 & Sessional staff
Office expenses
Scholarship expenses
Building & Library expenses
Small Tools & Equipment
Travel & Conferences
Scholar Support
Consultancy
Motor Vehicle expenses
Motor Expenses		 2025
£
23,880
102,591
24,000
150,471
46,209
46,548
18,000
124,549
104,150
339,455
7,380
7,380
2025
£
1,963
1,963
30,945
649
-
300
200
359
25,950
1,297
23,814
-
-
2,520
12,000
-
-
98,033		 2024
£
100
30,000
40,865
52,925
123,890
21,419
63,089
49,047
74,619
208,174
6,008
6,008
2024
£
4,542
4,542
-
3,207
25
2,740
2,174
64
74,127
7,692
27,350
-
-
5,534
4,184
4,082
-
131,180

12

EASTSIDE YOUNG LEADERS' ACADEMY

Notes to the Financial Statements

For the year ended 31 March 2025

Charitable Activities - Unrestricted
Staff costs
Pensions
After School Activities
Volunteer expenses
Food & Catering
Facilitators & Sessional staff
Office expenses
YLA Support
Legal & Professional fees
Building & Library expenses
Small Tools & Equipment
Travel & Conferences
Consultancy
Events
Depreciation
Support & Governance costs - Unrestricted
Support costs
Accountancy fees
Bank interest and charges
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		 2025
£
75,712
4,975
1,402
52,758
1,332
7,650
7,105
1,005
120
4,321
156,381
80,070
3,050
171
-
83,291
98,033
241,635
339,668
2025
£
100,853
5,805
106,657
3		 2024
£
60,770
15,000
1,488
5,088
9,653
31,094
5,379
160
6,240
8,535
36,738
160
5,774
186,078
78,889
3,000
174
-
82,063
131,180
272,683
403,863
2024
£
60,000
770
60,770
3

The number of employees who earned taxable emoluments more than £60,000 during the year was none (2024: None).

4 Tangible Fixed Assets

Cost
1 April 2024
Additions
Depreciation
1 April 2024
Charge for year
Net Book Value
31 March 2025
31 March 2024		 Fixtures &
Fittings
Computer
Equipment
Total
£
£
£
58,849
13,397
72,246
58,849
13,397
72,246
46,901
4,196
51,097
2,276
2,045
4,321
49,177
6,241
55,418
9,672
7,156
16,828
11,948
9,201
21,149

13

EASTSIDE YOUNG LEADERS' ACADEMY

Notes to the Financial Statements

For the year ended 31 March 2025

5
Debtors
Accrued Income
Prepayments
Other Debtors
6
Creditors: Amounts falling due within one year
Other creditors
7
Statement of Funds
Unrestricted general funds
Restricted Funds:
Total Funds		 2025
2024
£
£
-
-
-
-
-
-
-
2025
2024
£
£
6,450
4,979
6,450
4,979
1 April 2024
Income
Expenditure
31-Mar-25
£
£
£
£
61,543
346,835
241,635
166,744
219,878
150,471
98,034
272,315
281,422
497,306
339,668
439,059

8 Donor List

14