Central Eltham Youth Project
Registered number 4588983 Registered charity number 1098162
Central Eltham Youth Project
( A company limited by guarantee)
Report and Accounts
31 March 2025
Central Eltham Youth Project
Central Eltham Youth Project Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Management Committee report | 2 |
| Independent Examiner's report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Cash Flow Statement | 8 |
| Notes to the accounts | 9 |
| Movement in funds | 14 |
Central Eltham Youth Project
Central Eltham Youth Project Company Information
Registered Office and operational address
Central Eltham Youth Project 4-8 Pound Place Eltham London SE9 5DN Registered Charity Number 1098162
Company number
4588983 Company registered by guarantee in England and Wales
Management Committee/Trustees
Mr David Norman (Chair) Mrs Judy Smith MBE (Treasurer and Secretary) Mrs Veronica Gale Mr Hugh Lewis Miss Chloe Wightman
Independent examiners
Michael Adamson and Co 5 Thorndon Park Close Leigh on Sea Essex SS9 4RH
Bankers
Barclays Bank plc PO Box 279 41 Woolwich New Road London SE18 6NV
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Central Eltham Youth Project
Central Eltham Youth Project Registered number: 4588983 Management Committee Report
The Management Committee present its annual report and the financial statements for the year ended 31 March 2025.
Structure, Governance and management
Central Eltham Youth Project is a charitable company limited by guarantee, incorporated on 13 November 2002 and registered as a charity on 23 June 2003. It is governed by its Memorandum and Articles of Association. In the event of the company being wound up, the members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company. The total number of such guarantees at 31 March 2024 was 5
Trustees are recruited through a combination of nomination, invitation and open application. They are selected based on their knowledge, transferrable skills and experience. Prospective candidates are invited to submit a curriculum vitae. This is considered by Trustees at the next scheduled meeting. Suitable candidates then visit the project, meet existing Trustees and observe a meeting.
Initial appointment is made by the Trustees, followed by annual re-election at the Annual General Meeting. New trustees are given a thorough induction into all aspects of the Project. The Trustees continue to work to identify the major risks to which the charity is exposed, particularly staff, financial control and funding implications.
Management Committee/Trustees
These are listed on page 1
Risk Management
The Trustees continue to work to identify the major risks to which the charity is exposed, particularly staff, financial control and funding implications. The level of risk will be evaluated and controls (existing and new) identified to manage those risks.
Objectives and Activities
The charity is established primarily but not exclusively for residents and communities in south east London without distinction of sex, sexual orientation, race, or of political, religious or other opinions to:
a) promote any charitable purpose that will benefit the community, in particular those who have need of support by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances
b) relieve poverty, homelessness or adverse housing conditions c) promote the preservation and protection of good physical and mental health
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Central Eltham Youth Project
d) advance education and training, and the re-training of unemployed people e) provide facilities for recreation and other leisure-time occupation f) develop the capacity and skills of local people so that they are better able to identify and meet their needs and participate more fully in society including through volunteering and social action
When undertaking all its activities, the Management Committee has regard to the guidance issued by the Charity Commission on public benefit.
Achievements and Performance
During the year, we helped and supported 1,092 different beneficiaries. Our foodbank saw an increased in use of 47% on the previous year, with us distributing 13,832kg of food. All other projects saw an increase in service users of between 7%-12% with many more people presenting with complex multiple issues.
In younger people, there is a continued reluctance to access services face to face and to tackle their problems at an early stage. In adults and older people, the cost of living crisis, in particular the rising cost of housing and utilities has negatively impacted on peoples physical and mental health. We continue to support face to face contact by providing access to support via email, messaging and video calling.
It is also important to note that many of our most vulnerable beneficiaries (of all ages) still do not have access to (or are unable to use) online methods of communication. With this in mind, we actively maintain face-to-face contact with them as much as possible. We also provide the digitally frail with access to laptops, tablets and data in our training centre as often as needed, giving support to use them when needed.
Each year it is necessary to devote a considerable amount of time and effort in finding new sources of funding and completing detailed funding applications, without which, the continuation of the Charity would not be possible.
Financial Review
The results for the year are as shown on page 6
The Trustees recognise the importance of unrestricted reserves in the current climate of cuts at all levels of government and statutory authorities. They are, therefore, pleased that it has been possible to maintain the Charity's unrestricted reserves as recommended by the Charity Commission.
Responsibilities of the Management Committee
The Trustees who form the Management Committee are required by law to prepare financial statements for each year which give a true and fair view of the financial activities of the Charity and its financial position at the end of the year.
In preparing those financial statements the Trustees are required to:
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Central Eltham Youth Project
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether the policies adopted are in accordance with the Charities Act 2011 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to assume the charity will continue in operation
A resolution proposing Michael Adamson and Co be re-appointed as independent examiners of the charity was agreed unanimously at the Annual General Meeting held on
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 22 December 2025 and signed on its behalf
Mrs V. Gale Trustee
4
Central Eltham Youth Project Accountants' Report
Report of the Independent Examiners to the Members Central Eltham Youth Project
We have examined the financial statements on pages 6 to 14 for the year ended 31 March 2025, which have been prepared under the accounting policies set out on page 9
Respective responsibilities of the trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is our responsibility to:
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examine the accounts under section 145 of the Charities Act,;
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to follow the procedures laid down in the general Directions given by the
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Charity Commission under section 145(5)(b) of the Charities Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the veiw given by the accounts.
Independent examiner's statement
In connection with our examination, no matter has come to our attention:
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which gives us reasonable cause to believe that in any material respect the requirements
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(a) to keep accounting records in accordance with section 130 of the Charities Act; and
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(b) to prepare accounts which accord with the accounting records and to comply with the
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accounting requirements of the Act, have not been met; or
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to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Michael Adamson and Co Chartered Accountants
5 Thorndon Park Close Leigh on Sea Essex SS9 4RH
Date : 23 December 2025
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Central Eltham Youth Project
Statement of Financial Activities for the year ended 31 March 2025
(incorporating an Income and Expenditure Account)
| Notes Incoming resources: Incoming resources from generated funds: Voluntary income Investment income Total incoming resources 2 Resources expended: Charitable activities Governance costs Total resources expended 3 Net income for the year Transfer between funds Funds brought forward Funds carried forward 11 Statement of Financial Activities for the year ended 31 Notes Incoming resources: Incoming resources from generated funds: Voluntary income Investment income Total incoming resources 2 Resources expended: Charitable activities Governance costs Total resources expended 3 Net income for the year Transfer between funds Funds brought forward Funds carried forward 11 |
Unrestricted Restricted Total fund funds 2025 £ £ £ 49,125 128,602 177,727 1,368 - 1,368 50,493 128,602 179,095 28,074 128,602 156,676 850 - 850 28,924 128,602 157,526 21,569 - 21,569 - - - 127,198 - 127,198 148,767 - 148,767 March 2024 Unrestricted Restricted Total fund funds 2024 £ £ £ 16,978 41,000 57,978 2,259 - 2,259 19,237 41,000 60,237 102,988 41,000 143,988 800 - 800 103,788 41,000 144,788 (84,551) - (84,551) - - - 211,749 - 211,749 127,198 - 127,198 |
Total 2024 £ 57,978 2,259 |
|---|---|---|
| 60,237 | ||
| 143,988 800 |
||
| 144,788 | ||
| (84,551) - 211,749 |
||
| 127,198 | ||
The attached notes form part of these accounts.
6
Central Eltham Youth Project Balance Sheet as at 31 March 2025
| Notes Fixed assets Tangible assets 7 Current assets Debtors 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Net assets Funds carried forward Unrestricted funds Restricted funds Total funds 11 |
Unrestricted Restricted Funds Funds 2025 2025 £ - - |
Total Total 2025 2024 £ - - |
|---|---|---|
| - - |
- - |
|
| 3,489 - 156,698 12,500 |
3,489 4,462 169,198 144,556 |
|
| 160,187 12,500 |
172,687 149,018 |
|
| (11,420) (12,500) |
(23,920) (21,820) |
|
| 148,767 - |
148,767 127,198 |
|
| 148,767 - |
148,767 127,198 |
|
| 148,767 - - - |
148,767 127,198 - - |
|
| 148,767 - |
148,767 127,198 |
The Management Committee is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The Management Committee acknowledges its responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
These accounts were approved by the Management Committee on 22 December 2025
and signed on its behalf by
H Lewis Trustee
V Gale Trustee
7
Central Eltham Youth Project Cash Flow Statement for the year ended 31 March 2025
| Notes Net cash used in operating activities 11 Cash flows from investing activities Interest received 2 Change in cash and cash equivalents in the period Cash and cash equivalents brought forward Cash and cash equivalents carried forward Consisting of: Cash at bank and in hand |
2025 £ 23,274 1,368 24,642 144,556 169,198 169,198 |
2024 £ (117,901) 2,259 |
|---|---|---|
| (115,642) 260,198 |
||
| 144,556 | ||
| 144,556 |
The attached notes form part of these accounts.
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Central Eltham Youth Project
Notes to the Accounts for the year ended 31 March 2025
1 ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared under the historical cost convention, and are in accordance the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019 and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities when:
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The charity becomes entitled to the resources;
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The trustees are virtually certain that they will receive the resources; and
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The monetary value can be measured with sufficient reliability.
Deferred income
Where grants are received in advance and specified by the donor as relating to specific accounting periods these are deferred on an accruals basis to the period to which they relate. Such deferrals are shown in the notes to the accounts and the sums involved are shown as creditors in the accounts.
Incoming resources with related expenditure
Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the Statement of Financial Activities.
Volunteer help
The value of any volunteer help is not included in the accounts.
Investment income
This is included in the accounts when receivable.
EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance costs
These include the costs of preparation and examination of statutory accounts, the costs of the Annual General Meeting and the costs of any legal advice to trustees on governance or constitutional matters.
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Central Eltham Youth Project Notes to the Accounts for the year ended 31 March 2025
FIXED ASSETS
Tangible fixed assets used by the charity
Items of equipment are capitalised where the purchase price exceeds £1000 and can be used for more than one year. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
| Furniture and equipment | 20% on cost |
|---|---|
| Fixtures and fittings | 20% on cost |
| IT equipment | 33.3% on cost |
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
| 2 Analysis of incoming resources Voluntary income: Restricted funds: National Lottery UK Youth Rausing LB Bexley Unrestricted grants Iron Mongers Garfield Weston Clarion Futures Neighbourly Hubbub Co-op UK Youth Royal Borough of Greenwich Sundry grants and other income Investment income Bank interest |
2025 £ 63,602 - 65,000 128,602 5,000 20,000 6,750 5,100 9,000 2,119 - - 1,156 49,125 1,368 |
2024 £ - 41,000 - |
|---|---|---|
| 41,000 | ||
| - - - - - 1,283 10,500 995 4,200 |
||
| 16,978 | ||
| 2,259 |
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Central Eltham Youth Project Notes to the Accounts for the year ended 31 March 2025
| 3 Analysis of resources expended £ General fund Staff costs 6,758 Rent and running costs 12,320 Activities programmes and equipment 4,922 Support costs 4,074 28,074 Independent Examiners fees 850 850 Total 28,924 Comparative analysis of resources expended £ General fund Staff costs 65,802 Rent and running costs 32,751 Activities programmes and equipment 4,117 Support costs 318 102,988 Independent Examiners fees 800 800 Total 103,788 Charitable activities: Charitable activities: Governance costs: Governance costs: |
£ Restricted funds 61,843 50,940 15,656 163 128,602 - - 128,602 £ Restricted funds - 27,171 13,501 328 41,000 - - 41,000 |
2025 £ Total 68,601 63,260 20,578 4,237 |
|---|---|---|
| 156,676 | ||
| 850 | ||
| 850 | ||
| 157,526 | ||
| 2024 £ Total 65,802 59,922 17,618 646 |
||
| 143,988 | ||
| 800 | ||
| 800 | ||
| 144,788 |
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Central Eltham Youth Project
Notes to the Accounts for the year ended 31 March 2025
| 4 Net incoming resources for the year These are stated after charging Depreciation Independent Examiners fee Trustees expenses No trustees claimed expenses during the year (2024 : £Nil) 5 Employees Salaries Employers National Insurance costs |
2025 £ - 850 2025 £ 67,773 828 68,601 |
2024 £ - 800 |
|---|---|---|
| 2024 £ 65,564 238 |
||
| 65,802 |
The average number of full time equivalent employees during the year was 3 (2024: 3). No employee received emoluments of more than £60,000 per annum.
Remuneration to key management personnel in the year amounted to £ 37,848 (2024 : £ 37,085)
6 Taxation
The charitable company is exempt from Corporation Tax on its charitable activities.
7 Tangible fixed assets
| Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 |
Fixtures and fittings £ 48,851 - 48,851 48,851 - 48,851 - - |
IT Equipment £ 11,303 - 11,303 11,303 - 11,303 - - |
Total £ 60,154 - |
|---|---|---|---|
| 60,154 | |||
| 60,154 - |
|||
| 60,154 | |||
| - | |||
| - |
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Central Eltham Youth Project Notes to the Accounts for the year ended 31 March 2025
| 8 | Debtors | 2025 | 2024 | ||
|---|---|---|---|---|---|
| £ | £ | ||||
| Other debtors | 3,489 | 4,462 | |||
| 3,489 | 4,462 | ||||
| 9 | Creditors: amounts falling due within one year | 2025 | 2024 | ||
| £ | £ | ||||
| Deferred income | 12,500 | - | |||
| Other creditors | 11,420 | 21,820 | |||
| 23,920 | 21,820 | ||||
| Analysis of deferred income: | |||||
| Name of funder | Opening | Released | Deferred | Closing | |
| deferral | in year | in year | deferral | ||
| £ | £ | £ | £ | ||
| Ground Works | - | - | 12,500 | 12,500 | |
| - | - | 12,500 | 12,500 | ||
| **10 ** | Other financial commitments | 2025 | 2024 | ||
| £ | £ | ||||
| At the year end the company had annual commitments under non- | |||||
| cancellable operating leases as set out | below: | ||||
| Operating leases which expire: | |||||
| within one year | - | - | |||
| within two to five years | 30,000 | 30,000 | |||
| in over five years | - | - | |||
| 30,000 | 30,000 | ||||
| 11 | Reconciliation of net movements in funds to net cash flow from operating activities | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Notes | |||||
| Net movement in funds | 21,569 | (84,551) | |||
| Add back depreciation | 7 | - | - | ||
| Less interest received | 2 | (1,368) | (2,259) | ||
| Decrease / (increase) in debtors | 973 | (1,391) | |||
| Increase / (decrease) in creditors | 2,100 | (29,700) | |||
| Net cash used in operating activities | 23,274 | (117,901) |
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Central Eltham Youth Project
Movement in funds Year ended 31 March 2025
| Restricted funds: Revenue funds: UK Fund Rausing Awards for All Household Support Fund Million Hours Fund Total Restricted Funds Unrestricted Funds: General Fund Total Unrestricted Funds Year ended 31 March 2024 Restricted funds: Revenue funds: UK Fund Rausing Total Restricted Funds Unrestricted Funds: General Fund Total Unrestricted Funds |
Fund balances brought forward Incoming resources Outgoing resources Transfer between funds Fund balances carried forward £ £ £ £ £ - - - - - - 20,000 20,000 - - - 65,000 65,000 - - - 43,602 43,602 - - |
|---|---|
| - 128,602 128,602 - - |
|
| 127,198 50,493 28,924 - 148,767 |
|
| 127,198 179,095 157,526 - 148,767 |
|
| Fund balances brought forward Incoming resources Outgoing resources Transfer between funds Fund balances carried forward £ £ £ £ £ - 41,000 41,000 - - |
|
| - 41,000 41,000 - - |
|
| 211,749 19,237 103,788 - 127,198 |
|
| 211,749 19,237 103,788 - 127,198 |
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