Company Registration Number 04838412
## **EP Youth Ltd**
(a private company limited by guarantee)
## **Unaudited**
**Trustees’ Report and Financial Statements For the Year Ended 31st December 2022**
Registered Charity Number 1099864
**EP Youth Ltd**
## **Trustees’ Report and Financial Statements**
## **Year Ended 31[st] December 2022**
|**Contents**|**Page**|
|---|---|
|Company Information|1|
|Trustees’ Annual Report|2 to 5|
|Independent Examiner’s Report to the Trustees|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 15|
**EP Youth Ltd**
## **Company Information**
## **Year Ended 31[st] December 2022**
**The Board of Trustees Company Registered Number Charity Registered Number Registered Office Independent Examiner**
G G E Woodland (Acting Chair) N Cooper J Holdom 04838412 1099864 11 Oak Street Fakenham Norfolk NR21 9DX Annatrice Limited Chartered Certified Accountant Registered Auditor 10, The Thoroughfare Harleston Norfolk IP20 9AX
1
**EP Youth Ltd**
## **Trustees’ Annual Report**
## **Year Ended 31[st] December 2022**
The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of EP Youth Ltd (the company) for the ended 31st December 2022. The Trustees confirm that the financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Statement of Recommended Practice: “Accounting and Reporting by Charities” (FRS 102).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic and Director’s Report) Regulations 2013 is not required.
The trustees have complied with the duty in Section 17 (5) of the 2011 Charities Act to have paid due regard to guidance issued by the Charity Commission in relation to the activities being for the public benefit.
## **Structure, governance and management**
## Constitution
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on the 19[th] July 2003.
## Trustees
The following trustees served office during the year:
A R Vertigan (Chair ‐ resigned 18[th] February 2023) N Cooper G G E Woodland (Acting Chair since 18[th] February 2023) J Holdom
## Organisational Structure and Decision Making
Throughout the year, the charity has been managed by a board of Trustees/Directors. We seek to ensure that the board brings a broad base of skills and experience relevant to current challenges. Where vacancies exist, we recruit by advertising and pro‐active invitation. Candidates are selected by the board after consideration of their skills and references. Our board meets regularly, and its work is supported by the employees of the charity.
## **Objectives and Activities**
## Public Benefit
To promote for the benefit of the inhabitants of Fakenham and the surrounding area without distinction of sex, sexual orientation, race, political, religious or other opinions to advance education and provide facilities in the interest of social welfare and for the recreation and leisure‐time occupation with the objects of improving the condition of life for the said inhabitants and by such other charitable means as the trustees from time to time may think fit.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
_“Youth work takes a holistic approach with young people. It starts where they are at in terms of developmental or physical location (open access, targeted, or detached/street work) – the relationship between young people and youth worker is entirely voluntary – youth work often only works because of the voluntary relationship. Many professionals work with young people, but principally, only in youth work is it the choice of the young person to engage with the professional.”_
National Youth Agency
2
**EP Youth Ltd**
## **Trustees’ Annual Report (continued)**
## **Year Ended 31[st] December 2022**
EP Youth workers reach out to young people and families; inspiring them to believe in themselves; empowering them to pursue their goals; and celebrating them for their achievements, influence, and pursuit of happiness. Our team creates opportunities for young people to come together safely, presents challenges for young people to experience personal growth and the stretching kind of informal learning that builds character and resilience; and when times are difficult – and during adolescence, the stormiest of times for most of us, there are plenty of difficulties – we offer support in lots of different ways to make sure that we are accessible and useful to anyone who needs some help. One to one and group work which targets particular needs are commonplace offerings and we adapt our days and times of operation to suit the young people and families who want to come and use our services or need some help finding services from other organisations across the statutory and voluntary sectors.
## _“E P Youth is my life hacks centre of knowledge!”_
Young Parent, RT, 20
We employed and trained 3 new youth support workers this year; two were still with us at the end of the summer holidays; one had found that this line of work does not suit them. They have given energy and fresh ideas to the projects, and we hope to develop their skills and knowledge even further. One rising young star had his artwork published on the front page of the Beacon, and two of our members also contributed to the magazine, sharing their thoughts and feelings with a wider community.
With parents of teenagers, and young parents, we shared principles of the Solihull approach in developing understanding and a wonderful bond with their children, in small groups and one to one. We have continued to maintain our one to one and small group offer in the local academy. We made a commitment to the young people and later secured our own funding for this service which offers open‐ended one to one mental health and well‐being support for young people in and out of education. During the lunchtimes at school, we have shared donated food from Greggs the bakers which has helped new young people to find and learn about us.
_“I don’t really know what the meetings have done for me; I just know that I don’t panic anymore, and I know that there is always a solution”_
FAN 121 student, 14
The HAF projects that we ran over Christmas, Summer, and Easter school holidays as part of the government‐funded programme received recognition from the DfE and we were the only providers in Norfolk to be nominated as an outstanding HAF provision in 2022.
We worked with VIY in 2022 to make our cellar into a working space that became our affordable supermarket; an evolution from the Food for All project that we began as a response to food poverty caused by Covid 19. Young people learned skills and gained city and guilds certificates by working alongside the skilled craftsmen who turned the space into a hygienic place to help local people save money and get the support they need. We joined the Nourishing Norfolk Network and benefitted from their support and experience in setting up the Fakenham Food Fellowship, ready for launch in early 2023.
We have begun work with Fakenham Town Council and to establish a response to the growing concern for young people in the town who are detached and at risk of exploitation.
In 2022, we provided 300+ young people with 900+ hours of activities and support, which they attended 4500+ times. We worked with 30+ local stakeholders and partner organisations to help shape our offer, making it helpful, meaningful, and gently, informally, educative for young people and families in Fakenham and the surrounding area.
We all love North Norfolk. It is beautiful, rich in heritage, wildlife and famous for its big, blue skies. For young people it is also inaccessible and lacking in opportunities to achieve, to gain skills and to grow into resilient, independent adults. Young people are isolated, and as a result, they are at risk of not fulfilling their true potential. They need inspiration and real‐life positive experiences to raise their aspirations and realise their goals.
We want to thank The George John and Sheilah Livanos Charitable Trust for their ongoing support and continued interest in the development of the charity and our work with young people. Their assistance over many years has kept EP Youth secure in the community and enabled a responsive, professional, and locally invested charity to keep a building, develop and deliver timely project ideas to meet the emerging needs of young people, develop partnership projects, employ professional staff, and train volunteers. As always, we value their continued involvement, and their friendship.
Thank you to the many private donors and grant‐making trusts and organisations who have supported us including, Aquarius Charitable Foundation; Archer Trust; Colin Garwood; D J Yarham; Fakenham Ladies Probus; Fakenham Town Council; Hedley Foundation; Joanies Trust; Lady Hind Trust; Marsh CT; John Ackroyd CT; Mrs Smith & Mount Trust; NCF Love Norfolk 2022; NCF NHS Norfolk & Waveney; Norfolk LGBT Project; Paul Bassham Trust; Sir Norman Lamb Mental
3
**EP Youth Ltd**
## **Trustees’ Annual Report (continued)**
## **Year Ended 31[st] December 2022**
Health & Well‐Being Fund; South Creake Memorial Pavilion group; The Alchemy Foundation; The CPF Trust; The Fitton Trust; The Fredmill Trust; The Hilden Trust; The Nigel Bertram Trust; The Rope Trust; The Souter Trust; The Xerox UK Trust; Victory Homes Fund. Like many of our organisational peers, we would not have been able to maintain a consistent offer to our service users without their trust in us to spend their money wisely.
## **Financial review**
Our Treasurer and accountant work closely together with the team to entrench good working practices, continuing to develop our systems to be capable of maintaining a meaningful local association as we continue to do what we can to improve the outcomes for young people and families. Our in‐house fundraising has secured enough funds to deliver projects this year, but we are, like many other small concerns, just about managing and there is so much more we could do in better circumstances. We are encouraged that our local, needs‐led approach is commensurate to the wider agenda and that our priorities, drawn from continuously monitoring needs and the outcomes of our work with young people will, we hope, continue to be valued by our funders.
The charity made a total net surplus of £24,425 during the year (2021: £2,133 deficit) and had total reserves of £71,175 at the end of the year (2021: £46,750) including free reserves (unrestricted funds excluding tangible fixed assets) of £15,823 (2021: £20,573)
## Reserves Policy
The trustees aim to maintain reserves to (a) provide working capital to enable day to day running to continue in the event of a significant shortfall of income (b) cover longer term expenses such as maintenance of the equipment or strategic development of new facilities or services and (c) provide a contingency amount to cover moderate unforeseen expenses. We consider that maintaining Unrestricted Reserves equal to three months’ operating costs is prudent.
## **Plans for the future**
We want to continue to recruit and train excellent individuals in our team, and we look forward to developing further work with families, young people on the streets, and those in need of short term advocacy, educational and work experience placements during times of difficulty. Our Fakenham Food Fellowship is poised to take off in early 2023. We know that the need for one‐to‐one support is still increasing every year as mental health services are fatigued and expended. We will be fundraising to deliver more vital outreach work; creative projects addressing mental health difficulties through our membership of the Sir Norman Lamb Mental Health and Well‐Being Coalition; reducing child exploitation and the social and environmental threats that keep young people vulnerable. We will continue to build positive relationships with young people, engaging their interest and growing their self‐esteem and confidence to take themselves seriously.
## **Financial instruments**
## Objectives and policies
The charity's activities expose it to a number of financial risks including cash flow risk and liquidity risk. The charity does not use derivative financial instruments.
## Cash flow risk
The charity's activities expose it primarily to the financial risks of changes in interest rates. Where economically possible, interest bearing assets are held at fixed rate to ensure certainty of cash flows.
## Credit risk
The charity's principal financial assets are bank balances and cash, trade and other receivables. The charity's credit risk is negligible as it has very low levels of trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The. credit risk on liquid funds and derivative financial. instruments is limited because the counterparties are banks with high credit‐ratings assigned by international credit‐rating agencies and all deposits are held in accounts subject to the UK Financial Services Compensation Scheme.
4
**EP Youth Ltd**
## **Trustees’ Annual Report (continued)**
## **Year Ended 31[st] December 2022**
## Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity aims to hold cash reserves equivalent to a minimum of three month’s running costs.
## **Trustees’ Responsibility Statement**
The Trustees (who are also directors of EP Youth Ltd for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law. the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
## 22/09/2023
This report was approved by the Trustees on ………………………………………… and signed on their behalf by:
Guy Woodland (Sep 22, 2023 08:16 GMT+1)
…………………………………………………………………………………
Print Name ……………………………………………………………… Guy Woodland Trustee
5
**Independent Examiner’s Report**
## **to EP Youth Ltd**
## **Year Ended 31[st] December 2022**
I report on the financial statements of the charity for the year ended 31st December 2022 set out on pages 7 to 15.
This report is made solely to the charity’s Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in an Independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for my work or for this report.
## **Respective responsibilities of the trustees and the examiner**
The charity’s trustees, who are also the directors of the company for the purposes of company law, 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 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under charity or company law and is eligible for independent examination, it is my responsibility to:
- Examine the accounts under section 145 of the Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and
- state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the 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 no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Anthony Brice MEng (Hons) FCCA, Director Annatrice Limited Chartered Certified Accountant and Registered Auditor 10, The Thoroughfare Harleston Norfolk IP20 9AX
25/09/2023
6
## **EP Youth Ltd**
## **Statement of Financial Activities**
## **(Incorporating Income & Expenditure Account)**
## **Year Ended 31[st] December 2022**
|**Unrestricted**
**Funds**
**Note**
**£**
**Incoming Resources**
**From generated funds**
Voluntary income
**3**
34,098
Investment income
**4**
45
Government grants
**3**
‐
**Total incoming**
**Resources**
**34,143**
**Resources Expended**
**Charitable activities**
Direct charitable
**5**
4,408
expenditure
**Costs of generating funds**
Governance and support costs
**6**
548
**Total resources**
**expended**
**4,956**
**Net (outgoing)/incoming**
**Resources**
**29,187**
Transfers between funds
**12**
(33,937)
**Net movement in Funds**
**(4,750)**
**Reconciliation of Funds**
Balances brought forward
_20,573_
**Balances carried forward**
**15,823**|**Restricted**
**Total**
**_Total_**
**Funds**
**Funds 2022**
**_Funds 2021_**
**£**
**£**
**_£_**
113,017
147,115
_59,177_
‐
45
_2_
‐
‐
_37,568_
**113,017**
**147,160**
**_96,747_**
93,975
98,383
_76,602_
23,804
24,352
_22,278_
**117,779**
**122,735**
**_98,880_**
**(4,762)**
**24,425**
**_(2,133)_**
33,937
‐
‐
**29,175**
**24,425**
**_(2,133)_**
_26,177_
_46,750_
_48,883_
**55,352**
**71,175**
**_46,750_**|**Restricted**
**Total**
**_Total_**
**Funds**
**Funds 2022**
**_Funds 2021_**
**£**
**£**
**_£_**
113,017
147,115
_59,177_
‐
45
_2_
‐
‐
_37,568_
**113,017**
**147,160**
**_96,747_**
93,975
98,383
_76,602_
23,804
24,352
_22,278_
**117,779**
**122,735**
**_98,880_**
**(4,762)**
**24,425**
**_(2,133)_**
33,937
‐
‐
**29,175**
**24,425**
**_(2,133)_**
_26,177_
_46,750_
_48,883_
**55,352**
**71,175**
**_46,750_**|
|---|---|---|
|||_76,602_
_22,278_|
|||**_98,880_**|
|||**_(2,133)_**
‐
**_(2,133)_**
_48,883_|
|||**_46,750_**|
The charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
The notes on pages 9 to 15 form part of these financial statements
7
**Registration Number 04838412**
## **EP Youth Ltd**
## **Balance Sheet**
## **Year Ended 31[st] December 2022**
|**Note**
**Fixed assets**
Tangible assets
**19**
**Current assets**
Cash at bank and in hand
**Creditors:**
Amounts falling due
within one year
**10**
**Net current assets**
**Total assets less**
**Current liabilities**
Long term liabilities
**Total net assets**
**Represented by:**
Unrestricted funds
**11**
Restricted funds|**2022**
**£**
73,945
(4,817)|**£**
2,047
69,128
71,175
‐
**71,175**
15,823
55,352
**71,175**|**_2021_**
**_£_**
_46,509_
_(2,488)_|**_£_**
_2,729_
_44,021_|
|---|---|---|---|---|
|||||_46,750_
‐|
|||||**_46,750_**|
|||||_20,573_
_26,177_|
|||||**_46,750_**|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
22/09/2023
These financial statements were approved by the trustees on …………………………………………and are signed on their behalf by;
Guy Woodland (Sep 22, 2023 08:16 GMT+1) ~~………………………………………………~~ …………………………………
## Guy Woodland
Print Name ………………………………………………………………………Trustee
The notes on pages 9 to 15 form part of these financial statements.
8
**EP Youth Ltd**
## **Notes to the Financial Statements**
## **Year Ended 31[st] December 2022**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
## **a) Basis of accounting**
The charity is a private company limited by guarantee registered in England and Wales and governed in accordance with its articles of association. The address of the registered office is given in the charity information page of these financial statements. The nature of the charity’s operations and principal activities are described in the Trustees’ Report. The members of the company are the Trustees named on the company information page. In the event of the company being wound up the liability in respect of the guarantee is limited to £10 per member of the company.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements are prepared on a going concern basis under the historical cost convention in sterling which is the functional currency of the charity
## **b) Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Surpluses on restricted funds are made available to other funds in the furtherance of the objectives of the charity as a whole.
## **c) Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
Voluntary income is received by way of donations and gifts and is included in full in the SOFA when receivable. Grants and donations are recognised when receivable.
Investment income along with any recoverable income tax is recorded when receivable.
Gift aid reclaimable on donations to the charity is included with the amount received.
## **d) Resources expended**
Expenditure is recognised in the accounts on an accruals basis and includes any irrecoverable VAT.
_Charitable_ expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
_Governance costs_ include those costs associated with meeting the constitutional and statutory requirements of the charity.
9
**EP Youth Ltd**
## **Notes to the Financial Statements (continued)**
## **Year Ended 31[st] December 2022**
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
## **e) Fixed assets**
Tangible fixed assets are stated at historic cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles 25% reducing balance Equipment 20% straight line
## **f) Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **g) Impairment**
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount.
Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
## **h) Provisions**
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
## **2. Taxation**
EP Youth Ltd is a registered charity and is therefore exempt from direct taxation.
## **3. Voluntary Income and government grants**
## **4.**
||**Unrestricted**|**Unrestricted**|**Restricted**|**Restricted**|**_Total_**|
|---|---|---|---|---|---|
||**Funds**|**2022**|**Funds**|**2022**|**_Funds 2021_**|
||**£**||**£**||**_£_**|
|Charitable grants|34,098||113,017||_59,177_|
|Other donations||‐||‐|‐|
||**34,098**||**113,017**||**_59,177_**|
|Small Business Grant Fund||‐||‐|_18,096_|
|Coronavirus Job Retention Scheme||‐||‐|_19,472_|
|||‐||‐|**_37,568_**|
|**Investment Income**||||||
||||**Unrestricted**||**_Total_**|
||||**Funds**|**2022**|**_Funds 2021_**|
||||**£**||**_£_**|
|Bank interest||||45|_2_|
10
**EP Youth Ltd**
## **Notes to the Financial Statements (continued)**
## **Year Ended 31[st] December 2022**
## **5. Analysis of Charitable Expenditure**
## **Direct charitable services**
|**5.**|**Analysis of Charitable Expenditure**
**Direct charitable services**|||||
|---|---|---|---|---|---|
|||**Unrestricted**||**Restricted**|**_Total_**|
|||**Funds**|**2022**|**Funds 2022**|**_Funds 2021_**|
|||**£**||**£**|**_£_**|
||Wages, salaries and pension contributions|4,068||77,488|_74,044_|
||Project materials||339|15,668|_1,771_|
||Motor vehicle costs||1|819|_787_|
|||**4,408**||**93,975**|**_76,602_**|
|**6.**|**Governance and support costs**|||||
|||**Unrestricted**||**Restricted**|**_Total_**|
|||**Funds**|**2022**|**Funds 2022**|**_Funds 2021_**|
|||**£**||**£**|**_£_**|
||Subcontract||14|676|_1,464_|
||Rent||213|10,306|_11,400_|
||Water rates||6|263|_68_|
||Business rates||9|416|_217_|
||Electricity||27|1,330|_1,527_|
||Printing, postage and stationery||19|921|_1,165_|
||Telephone||8|401|558|
||Subscriptions and memberships||9|460|_30_|
||Repairs and renewals||82|3,984|_536_|
||Insurance||54|2,639|_2,375_|
||Legal and professional||6|304|_35_|
||Accountancy fees||‐|‐|_270_|
||Independent examiner||96|1,176|_930_|
||Training||3|157|_306_|
||Depreciation||‐|682|_1,397_|
||Sundry||2|89|_‐_|
||||**548**|**23,804**|**_22,278_**|
|**7.**|**The resources expended by the charity include:**|||||
|||**Unrestricted**||**Restricted**|**_Total_**|
|||**Funds**|**2022**|**Funds 2022**|**_Funds 2021_**|
|||**£**||**£**|**_£_**|
||Independent examiner’s fee||96|1,176|_930_|
||Depreciation of tangible fixed assets||‐|682|_1,397_|
||Operating leases||213|10,306|_11,400_|
11
**EP Youth Ltd**
## **Notes to the Financial Statements (continued)**
## **Year Ended 31[st] December 2022**
## **8. Staff costs**
||**Total**|**_Total_**|
|---|---|---|
||**Funds 2022**|**_Funds 2021_**|
||**£**|**_£_**|
|Wages and salaries|78,801|_71,416_|
|Social security|1,319|_1,262_|
|Pension costs|1,436|_1,366_|
||81,556|_74,044_|
||**2022**|**_2021_**|
||**No.**|**_No._**|
|The average number of staff employed by the charity|||
|during the financial year amounted to:|4|_4_|
|No employee received remuneration amounting to more than £60,000 in either year.|||
## **9. Tangible fixed assets**
|**Furniture &**
**Motor**
**Total**
**Equipment**
**Vehicles**
**£**
**£**
**£**
Cost
At 1 January 2022
2,443
11,500
13,943
Additions
‐
‐
‐
Disposals
‐
‐
‐
At 31 December 2022
2,443
11,500
13,943
Depreciation
At 1 January 2022
2,443
8,771
11,214
Charge for the year
‐
682
682
Elimination on disposal
‐
‐
‐
At 31 December 2022
2,443
9,453
11,896
Net book value
At 31 December 2022
**‐**
**2,047**
**2,047**
At 1 January 2022
**_‐_**
**_2,729_**
**_2,729_**
**Creditors: Amounts falling due within one year**
**2022**
**_2021_**
**£**
**_£_**
Other creditors
342
_322_
Social security and other taxes
3,215
_978_
Accruals and deferred income
1,260
_1,188_
**4,817**
**_2,488_**|**Furniture &**
**Motor**
**Total**
**Equipment**
**Vehicles**
**£**
**£**
**£**
Cost
At 1 January 2022
2,443
11,500
13,943
Additions
‐
‐
‐
Disposals
‐
‐
‐
At 31 December 2022
2,443
11,500
13,943
Depreciation
At 1 January 2022
2,443
8,771
11,214
Charge for the year
‐
682
682
Elimination on disposal
‐
‐
‐
At 31 December 2022
2,443
9,453
11,896
Net book value
At 31 December 2022
**‐**
**2,047**
**2,047**
At 1 January 2022
**_‐_**
**_2,729_**
**_2,729_**
**Creditors: Amounts falling due within one year**
**2022**
**_2021_**
**£**
**_£_**
Other creditors
342
_322_
Social security and other taxes
3,215
_978_
Accruals and deferred income
1,260
_1,188_
**4,817**
**_2,488_**|**Furniture &**
**Motor**
**Total**
**Equipment**
**Vehicles**
**£**
**£**
**£**
Cost
At 1 January 2022
2,443
11,500
13,943
Additions
‐
‐
‐
Disposals
‐
‐
‐
At 31 December 2022
2,443
11,500
13,943
Depreciation
At 1 January 2022
2,443
8,771
11,214
Charge for the year
‐
682
682
Elimination on disposal
‐
‐
‐
At 31 December 2022
2,443
9,453
11,896
Net book value
At 31 December 2022
**‐**
**2,047**
**2,047**
At 1 January 2022
**_‐_**
**_2,729_**
**_2,729_**
**Creditors: Amounts falling due within one year**
**2022**
**_2021_**
**£**
**_£_**
Other creditors
342
_322_
Social security and other taxes
3,215
_978_
Accruals and deferred income
1,260
_1,188_
**4,817**
**_2,488_**|
|---|---|---|
||13,943||
||11,214
682
‐
11,896||
|||**2,047**|
|||**_2,729_**|
|||**_2021_**
**_£_**
_322_
_978_
_1,188_|
|||**_2,488_**|
## **10. Creditors: Amounts falling due within one year**
12
## **EP Youth Ltd**
## **Notes to the Financial Statements (continued)**
## **Year Ended 31[st] December 2022**
## **11. Summary of Funds**
|**Balance at**
**Incoming**
**1 January 2022**
**£**
**£**
Unrestricted general fund
20,573
34,143
Restricted funds:
Project Vehicles
2,729
‐
EPY Drop‐in
‐
9,048
Key Skills (Supper Club)
‐
8,956
Street Life
110
3,508
Me Time
1,697
‐
Young Adult Carers
5,465
2,450
YP Volunteering Support
3,616
2,500
Wheels
3,381
7,500
Parent Partner
‐
2,500
ICE
‐
‐
Young Parents
1,000
500
Food for All
‐
50,000
HAF
8,179
16,055
YP 121 support
‐
10,000
26,177
113,017
Total funds
**46,750**
**147,160**|**Outgoing &**
**Balance at**
**Transfers**
**31 December 2022**
**£**
**£**
(38,893)
15,823
(682)
2,047
(9,048)
‐
(5,930)
3,026
(3,618)
‐
(1,697)
‐
(4,190)
3,725
(2,962)
3,154
(117)
10,764
(747)
1,753
‐
‐
(1,500)
‐
(19,117)
30,883
(24,234)
‐
(10,000)
‐
(83,842)
55,352
**(122,735)**
**71,175**|**Outgoing &**
**Balance at**
**Transfers**
**31 December 2022**
**£**
**£**
(38,893)
15,823
(682)
2,047
(9,048)
‐
(5,930)
3,026
(3,618)
‐
(1,697)
‐
(4,190)
3,725
(2,962)
3,154
(117)
10,764
(747)
1,753
‐
‐
(1,500)
‐
(19,117)
30,883
(24,234)
‐
(10,000)
‐
(83,842)
55,352
**(122,735)**
**71,175**|
|---|---|---|
|||2,047
‐
3,026
‐
‐
3,725
3,154
10,764
1,753
‐
‐
30,883
‐
‐|
|||55,352|
|||**71,175**|
The specific purposes for which the funds are to be applied are as follows:
The specific purposes for which the funds are to be applied are as follows:
EPY Drop‐in ‐ after school club for young people to do their homework and interact with others.
Supper Club – life skills and employability for 14‐25 outside of Employment, education or training
Street Life ‐ an evening outreach project in Fakenham town centre
Me Time ‐ helping to empower young women.
Young Adult Carers – support for young people with family caring responsibilities
YP Volunteering Support – volunteer training and development for young people
Wheels – mobile outreach project working with young people in the most rural areas.
Parent Partners – improves life chances by working with young parents and parents of young people to develop their own skills and understand family relationships, based on the Solihull approach.
ICE ‐ Information, Confidentiality and Education. Outreach youth work at partner venues providing issue‐based support, advocacy, and signposting to specialist services.
Food for All – the charity redistributes publicly donated and surplus food, personal hygiene products, and household items to young people and families alongside informal education and the skills and knowledge to use the items effectively.
HAF ‐ Holiday activities and food programme during all school holidays sponsored in part by Norfolk County Council.
13
**EP Youth Ltd**
## **Notes to the Financial Statements (continued)**
## **Year Ended 31[st] December 2022**
YP 121 support – Improving outcomes for young people by working with them individually, using a range of therapeutic youth work practices.
## **12. Analysis of net assets between restricted and unrestricted funds**
||**Tangible**|**Other Net**|**Total**|
|---|---|---|---|
||**Fixed Assets**|**Assets**||
||**£**|**£**|**£**|
|Unrestricted funds|‐|15,823|15,823|
|Restricted funds|2,047|53,305|55,352|
||**2,047**|**69,128**|**71,175**|
## **13. Financial Instruments**
The charity did not have any non‐basic financial instruments during the year or the previous year and all of the financial assets and liabilities were held at amortised historic cost. There were no impairment or amortisation charges during the year or the previous year. There was no income from financial assets during the year or the previous year.
## **14. Related Party Transactions**
During the year the charity paid £nil (2021: £nil) for reimbursement of charity expenses incurred by trustees.
N Cooper, a trustee and employee of the charity, received remuneration of £39.024 (2021: £36,827) during the year for non‐trustee services as a youth worker and manager.
## **15. Operating lease commitments**
The total minimum lease payments under non‐cancellable operating leases are as follows:
||**2022**|**_2021_**|
|---|---|---|
||**£**|**_£_**|
|Land and buildings|||
|Expiring within one year|11,400|_11,400_|
14
## **EP Youth Ltd**
## **Notes to the Financial Statements (continued)**
## **Year Ended 31[st] December 2022**
## **16. Comparative Statement of Financial Activities**
|**Unrestricted**
**Restricted**
**Total**
**_Total_**
**Funds**
**Funds**
**Funds 2021**
**_Funds 2020_**
**Note**
**£**
**£**
**£**
**_£_**
**Incoming Resources**
**From generated funds**
Voluntary income
**3**
36,454
22,723
59,177
71,753
Investment income
**4**
2
‐
2
_12_
Government grants
**3**
18,096
19,472
37,568
_41,823_
Charitable activities
**5**
‐
‐
‐
_1,750_
**Total incoming**
**Resources**
**54,552**
**42,195**
**96,747**
**_115,338_**
**Resources Expended**
**Charitable activities**
Direct charitable
**6**
28,621
47,981
76,602
_75,208_
expenditure
**Costs of generating funds**
Governance and support costs
**7**
4,189
18,089
22,278
_19,398_
**Total resources**
**expended**
**32,810**
**66,070**
**98,880**
**_94,606_**
**Net (outgoing)/incoming**
**Resources**
**21,742**
**(23,875)**
**(2,133)**
**_20,732_**
Transfers between funds
**13**
(13,276)
13,276
‐
‐
**Net movement in Funds**
**8,466**
**(10,599)**
**(2,133)**
**_20,732_**
**Reconciliation of Funds**
Balances brought forward
_12,107_
_36,776_
_48,883_
_28,151_
**Balances carried forward**
**20,573**
**26,177**
**46,750**
**_48,883_**|**Unrestricted**
**Restricted**
**Total**
**_Total_**
**Funds**
**Funds**
**Funds 2021**
**_Funds 2020_**
**Note**
**£**
**£**
**£**
**_£_**
**Incoming Resources**
**From generated funds**
Voluntary income
**3**
36,454
22,723
59,177
71,753
Investment income
**4**
2
‐
2
_12_
Government grants
**3**
18,096
19,472
37,568
_41,823_
Charitable activities
**5**
‐
‐
‐
_1,750_
**Total incoming**
**Resources**
**54,552**
**42,195**
**96,747**
**_115,338_**
**Resources Expended**
**Charitable activities**
Direct charitable
**6**
28,621
47,981
76,602
_75,208_
expenditure
**Costs of generating funds**
Governance and support costs
**7**
4,189
18,089
22,278
_19,398_
**Total resources**
**expended**
**32,810**
**66,070**
**98,880**
**_94,606_**
**Net (outgoing)/incoming**
**Resources**
**21,742**
**(23,875)**
**(2,133)**
**_20,732_**
Transfers between funds
**13**
(13,276)
13,276
‐
‐
**Net movement in Funds**
**8,466**
**(10,599)**
**(2,133)**
**_20,732_**
**Reconciliation of Funds**
Balances brought forward
_12,107_
_36,776_
_48,883_
_28,151_
**Balances carried forward**
**20,573**
**26,177**
**46,750**
**_48,883_**|**Unrestricted**
**Restricted**
**Total**
**_Total_**
**Funds**
**Funds**
**Funds 2021**
**_Funds 2020_**
**Note**
**£**
**£**
**£**
**_£_**
**Incoming Resources**
**From generated funds**
Voluntary income
**3**
36,454
22,723
59,177
71,753
Investment income
**4**
2
‐
2
_12_
Government grants
**3**
18,096
19,472
37,568
_41,823_
Charitable activities
**5**
‐
‐
‐
_1,750_
**Total incoming**
**Resources**
**54,552**
**42,195**
**96,747**
**_115,338_**
**Resources Expended**
**Charitable activities**
Direct charitable
**6**
28,621
47,981
76,602
_75,208_
expenditure
**Costs of generating funds**
Governance and support costs
**7**
4,189
18,089
22,278
_19,398_
**Total resources**
**expended**
**32,810**
**66,070**
**98,880**
**_94,606_**
**Net (outgoing)/incoming**
**Resources**
**21,742**
**(23,875)**
**(2,133)**
**_20,732_**
Transfers between funds
**13**
(13,276)
13,276
‐
‐
**Net movement in Funds**
**8,466**
**(10,599)**
**(2,133)**
**_20,732_**
**Reconciliation of Funds**
Balances brought forward
_12,107_
_36,776_
_48,883_
_28,151_
**Balances carried forward**
**20,573**
**26,177**
**46,750**
**_48,883_**|
|---|---|---|
|||_75,208_
_19,398_|
|||**_94,606_**|
|||**_20,732_**
‐|
|||**_20,732_**
_28,151_|
|||**_48,883_**|
15
## EP Youth Acs 31.12.23 final
Final Audit Report
2023-09-25
Created: 2023-09-22 By: Anthony Brice (anthonyjbrice@gmail.com) Status: Signed Transaction ID: CBJCHBCAABAAGqUq295m2zLqBBsupRKTeYnJRPcEy4OV
## "EP Youth Acs 31.12.23 final" History
## Document created by Anthony Brice (anthonyjbrice@gmail.com)
2023-09-22 - 6:43:09 AM GMT- IP address: 88.110.184.146
## Document emailed to guy.woodland@btinternet.com for signature
2023-09-22 - 6:45:18 AM GMT
- Email viewed by guy.woodland@btinternet.com
2023-09-22 - 7:15:20 AM GMT- IP address: 188.220.178.184
- Signer guy.woodland@btinternet.com entered name at signing as Guy Woodland 2023-09-22 - 7:16:46 AM GMT- IP address: 188.220.178.184
- Document e-signed by Guy Woodland (guy.woodland@btinternet.com)
Signature Date: 2023-09-22 - 7:16:48 AM GMT - Time Source: server- IP address: 188.220.178.184
## Document emailed to anthony@ajbriceaccountancy.co.uk for signature
2023-09-22 - 7:16:49 AM GMT
## Email viewed by anthony@ajbriceaccountancy.co.uk
2023-09-22 - 9:14:15 AM GMT- IP address: 104.28.89.81
- Signer anthony@ajbriceaccountancy.co.uk entered name at signing as Anthony Brice 2023-09-25 - 8:24:34 AM GMT- IP address: 80.44.75.82
- Document e-signed by Anthony Brice (anthony@ajbriceaccountancy.co.uk) Signature Date: 2023-09-25 - 8:24:36 AM GMT - Time Source: server- IP address: 80.44.75.82
## Agreement completed.
2023-09-25 - 8:24:36 AM GMT