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 2024
Registered Charity Number 1099864
EP Youth Ltd
Trustees’ Report and Financial Statements
Year Ended 31[st] December 2024
| 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 2024
The Board of Trustees R Dawson (Chair) G G E Woodland (resigned September 2024) N Cooper J Holdom E Shepheard Company Registered Number 04838412 Charity Registered Number 1099864 Registered Office 11 Oak Street Fakenham Norfolk NR21 9DX Independent Examiner 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 2024
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 2024. 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:
N Cooper G G E Woodland (Acting Chair) J Holdom R Dawson E Shepheard
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 workers play a crucial role in the lives of many thousands of young people. They bring fun, a sense of structure and a whole host of new opportunities to the people they work with, broadening their horizons, boosting their social skills and giving them a place to simply be themselves.”
National Youth Agency
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EP Youth Ltd
Trustees’ Annual Report (continued)
Year Ended 31[st] December 2024
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. We aim to accommodate the broad spectrum of need we meet with our flexible approaches and variety of projects, providing accessible entry points to young people and families and a gentle introduction to more intensive support when they need it.
“We are so happy that EP Youth can hold our (family) hand through all of this; there’s so much to remember, we couldn’t do it without you”
Stepmum from large complex family unit on accessing support services
This year has brought opportunities to continue working together with more statutory, voluntary and private sector partners. We have joined multi-agency fora to share good practice and experiences, supporting a growing workforce with our contribution. We have supported two members of our youth work team to undertake level 3, and our newest team member to commit to level 2 National Youth Agency training. Our team have taken training including mental health first aid, trauma informed practices, and advocacy, and joined cross-agency skills sharing with networks including Nourishing Norfolk and the Sir Norman Lamb Coalition.
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 secured funding for this service, from the Sir Norman Lamb Coalition and from the Academy, 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.
Continuing our offers throughout family life in the community means that we are well-positioned to connect quickly when we need to; this year our Parent Partners group supporting parents at every stage welcomed parents aged from 17 - 64. Two of the parent members have brought and introduced 9 new members to the group because they have found it helpful themselves.
We welcomed work experience candidates from College of West Anglia, Fakenham Academy and Sixth Form, Litcham School, and City College Norwich who had learned about our project and wanted to secure safe, supported placements for their young people. One of the young people showed such a great attitude and work ethic that she has become our youngest ever hire, and a relatable inspiration to many of our work experience candidates.
Fakenham Food Fellowship, launched early last year, has recruited and trained 14 volunteers, supported 238 households with our affordable food and wrap-around care, including recipe ideas, cooking tips and nutrition information. Four members of our team are trained to run the store, and to support and signpost our FFF members to our other services and to our trusted partners. We continue developing valuable relationships with local retail donors, and receiving excellent support, funding and love through the Norfolk Community Foundation’s Nourishing Norfolk Network.
“Our boys love coming here in the holidays and making their own dinner, and we love it when they bring home all the treats because we wouldn’t afford it otherwise”
Dad of 2 boys aged 11 and 14
Our partnership with Fakenham Town Council is based on our shared understanding of the need to engage with local young people and encourage their participation in their community and maintain a proportionate response to the growing concern for young people in the town who are disengaged from mainstream services and at risk of exploitation. With their support, we engaged with more young people who may be at greater risk, with a year-round indoor and outdoor offer. Including local police and businesses as stakeholders, we are working to improve and showcase the positive images of youth through their participation in meaningful, pro-social activity.
We offered activities, food and fun throughout the school holidays this year. Funding from the government HAF fund was key, and we secured additional funding to ensure the offer extended to half terms as well, responding to the year-round
3
EP Youth Ltd
Trustees’ Annual Report (continued)
Year Ended 31[st] December 2024
need to support low-income families and including young people from all backgrounds in positive activities and nutritional learning.
“I wish more organisations like yours were involved in making sure that the support (BNHF food and activities programme) gets to where it is most needed.’
Sean, Active Norfolk.
In 2024, we engaged young people and their families with 1830+ hours of positive activities and support, which they attended throughout the year. We worked with 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.
Our gratitude goes to the many private donors, local authority, and grant-making trusts and organisations whose generosity and support have enabled us to maintain a consistent offer to our service users. They include D J Yarham; Fakenham Baptist Community Church; Fakenham Academy who entered a Christmas tree in the festival to raise funds for us; Mrs SG & Mr D Franks - Bequest (Edith Britnell); Anne French Memorial Fund; The Pennycress Trust; Prince of Wales Charitable Foundation - King Charles III Fund; The Abba Trust; The Alchemy Foundation; Mrs HR Greene CS / The Fitton Trust; Stewards Co, Barnabas Trust; The Neighbourly Foundation; The Aquarius Foundation; Parish Council of Gt Snoring; Albert Hunt Trust; Mrs L D Rope Trust; Souter Trust; Matthews Wrightson Charity; The Mrs Smith and Mount Trust; Mrs SG & Mr DA Franks (Edith Britnell); The CPF Trust; The George John and Sheilah Livanos Trust; Fakenham Town Council; The NCF SPACE Youth Fund; NCF Nourishing Norfolk Network.
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 £9,848 during the year (2023: £8,617surplus) and had total reserves of £89,640 at the end of the year (2023: £79,792) including free reserves (unrestricted funds excluding tangible fixed assets) of £51,515 (2023: £18,746)
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 are committed to train more youth support workers with the National Youth Agency, and volunteers to develop skills and support their community. The interest in youth work practice with young people is growing across multi-agency platforms regionally and we intend to take part in the development of teams with multi-discipline skills. Our peer mentors’ co-operative will grow to encompass all kinds of youth volunteering and social action as agents of social change as well as for their own personal growth; we have seen remarkable shifts in confidence and self-esteem for young people and adults who have undertaken these responsibilities with us. We need to equip our paid and voluntary team members with the skills and knowledge they need to develop our wrap-around services even further. Our joined-up approach to needs-led provision and interwoven project services is making a valuable contribution to whole community well-being.
Financial instruments
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EP Youth Ltd
Trustees’ Annual Report (continued)
Year Ended 31[st] December 2024
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.
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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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.
This report was approved by the Trustees on ………………………………………… and signed on their behalf by:
5
Independent Examiner’s Report
to EP Youth Ltd
Year Ended 31[st] December 2024
I report on the financial statements of the charity for the year ended 31st December 2024 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:
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Examine the accounts under section 145 of the Act;
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follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and
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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:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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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
6
EP Youth Ltd
Statement of Financial Activities
(Incorporating Income & Expenditure Account)
Year Ended 31[st] December 2024
| Unrestricted Funds Note £ Incoming Resources From generated funds Voluntary income 3 73,661 Investment income 4 837 Government grants 3 - Charitable activities 5 - Total incoming Resources 74,498 Resources Expended Charitable activities Direct charitable 6 2,443 expenditure Costs of generating funds Governance and support costs 7 603 Total resources expended 3,046 Net (outgoing)/incoming Resources 71,452 Transfers between funds 13 (38,789) Net movement in Funds 32,663 Reconciliation of Funds Balances brought forward 19,066 Balances carried forward 51,729 |
Restricted Total Total Funds Funds 2024 Funds 2023 £ £ £ 84,147 157,808 128,339 - 837 448 - - - - - - 84,147 158,645 128,787 118,107 120,550 95,206 27,644 28,247 24,964 145,751 148,797 120,170 (61,604) 9,848 8,617 38,789 - - (22,815) 9,848 8,617 60,726 79,792 71,175 37,911 89,640 79,792 |
|---|---|
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 2024
| Note Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Creditors: Amounts falling due within one year 11 Net current assets Total assets less Current liabilities Long term liabilities Total net assets Represented by: Unrestricted funds 12 Restricted funds |
2024 £ 90,852 (2,576) |
£ 1,364 88,276 89,640 - 89,640 51,729 37,911 89,640 |
2023 £ 80,382 (2,445) |
£ 1,855 77,937 79,792 - 79,792 19,066 60,726 79,792 |
|---|---|---|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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.
These financial statements were approved by the trustees on …………………………………………and are signed on their behalf by;
…………………………………………………………………………………
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 2024
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 2024
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
| Unrestricted | Unrestricted | Restricted | Restricted | Total | |
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2024 | Funds 2023 | |
| £ | £ | £ | |||
| Charitable grants | 73,661 | 84,147 | 128,339 | ||
| Other donations | - | - | - | ||
| 73,661 | 84,147 | 128,339 | |||
| Investment Income | |||||
| Unrestricted | Total | ||||
| Funds | 2024 | Funds 2023 | |||
| £ | £ | ||||
| Bank interest | 837 | 448 |
4. Investment Income
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EP Youth Ltd
Notes to the Financial Statements (continued)
Year Ended 31[st] December 2024
5. Incoming Resources from Charitable Activities
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| Funds 2024 | Funds 2023 | ||||
| £ | £ | ||||
| Consultancy fees | - | - | |||
| Other | - | - | |||
| - | - | ||||
| 6. | Analysis of Charitable Expenditure | ||||
| Direct charitable services | |||||
| Unrestricted | Restricted | Total | |||
| Funds | 2024 | Funds 2024 | Funds 2023 | ||
| £ | £ | £ | |||
| Wages, salaries and pension contributions | 1,867 | 106,523 | 88,143 | ||
| Project materials | 576 | 9,498 | 6,651 | ||
| Motor vehicle costs | - | 2,086 | 412 | ||
| 2,443 | 118,107 | 95,206 | |||
| 7. | Governance and support costs | ||||
| Unrestricted | Restricted | Total | |||
| Funds | 2024 | Funds 2024 | Funds 2023 | ||
| £ | £ | £ | |||
| Subcontract | - | - | 911 | ||
| Rent | 218 | 11,182 | 11,400 | ||
| Water rates | 6 | 318 | 298 | ||
| Business rates | 5 | 215 | 223 | ||
| Electricity | 72 | 3,693 | 1,647 | ||
| Printing, postage and stationery | 27 | 1,387 | 1,288 | ||
| Telephone | 12 | 635 | 379 | ||
| Subscriptions and memberships | 22 | 1,150 | 684 | ||
| Repairs and renewals | 56 | 2,884 | 2,709 | ||
| Insurance | 49 | 2,485 | 2,663 | ||
| Legal and professional | 23 | 1,145 | 239 | ||
| Accountancy fees | - | - | - | ||
| Independent examiner | 20 | 1,029 | 774 | ||
| Training | 15 | 795 | 1,048 | ||
| Depreciation | - | 491 | 619 | ||
| Sundry | 78 | 235 | 82 | ||
| 603 | 27,644 | 24,964 | |||
| 8. | The resources expended by the charity include: | ||||
| Unrestricted | Restricted | Total | |||
| Funds | 2024 | Funds 2024 | Funds 2023 | ||
| £ | £ | £ | |||
| Independent examiner’s fee | 20 | 1,029 | 774 | ||
| Depreciation of tangible fixed assets | - | 491 | 619 | ||
| Operating leases | 218 | 11,182 | 11,400 |
11
EP Youth Ltd
Notes to the Financial Statements (continued)
Year Ended 31[st] December 2024
9. Staff costs
| Total | Total | |
|---|---|---|
| Funds 2024 | Funds 2023 | |
| £ | £ | |
| Wages and salaries | 105,013 | 86,107 |
| Social security | 1,660 | 592 |
| Pension costs | 1,717 | 1,444 |
| 108,390 | 88,143 | |
| 2024 | 2023 | |
| No. | No. | |
| The average number of staff employed by the charity | ||
| during the financial year amounted to: | 8 | 8 |
No employee received remuneration amounting to more than £60,000 in either year.
10. Tangible fixed assets
| Furniture & | Furniture & | Motor | Total | ||
|---|---|---|---|---|---|
| Equipment | Vehicles | ||||
| £ | £ | £ | |||
| Cost | |||||
| At 1 January 2024 | 2,870 | 11,500 | 14,370 | ||
| Additions | - | - | - | ||
| Disposals | - | - | - | ||
| At 31 December 2024 | 2,870 | 11,500 | 14,370 | ||
| Depreciation | |||||
| At 1 January 2024 | 2,550 | 9,965 | 12,515 | ||
| Charge for the year | 107 | 384 | 491 | ||
| Elimination on disposal | - | - | - | ||
| At 31 December 2024 | 2,657 | 10,349 | 13,006 | ||
| Net book value | |||||
| At 31 December 2024 At 1 January 2024 |
213 320 |
1,151 1,535 |
1,364 1,855 |
||
| 11. | Creditors: Amounts falling due within one year | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Other creditors | 389 | 354 | |||
| Social security and other taxes | 1,143 | 1,046 | |||
| Accruals and deferred income | 1,044 | 1,045 | |||
| 2,576 | 2,445 |
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EP Youth Ltd
Notes to the Financial Statements (continued)
Year Ended 31[st] December 2024
12. Summary of Funds
| Balance at Incoming 1 January 2024 £ £ Unrestricted general fund 19,066 74,498 Restricted funds: Project Vehicles 1,535 - EPY Drop-in 16,547 - Key Skills 7,564 2,100 Streetlife 3,339 - Me Time 4,672 5,670 Young Adult Carers 6,756 2,786 YP Volunteering Support - - Wheels 10,764 - Parent Partner - - Young Parents - - Fakenham Food Fellowship 1,943 29,250 HAF - - YP 121 support - 13,000 End of Term Hols BNHF 7,606 16,341 Space Villages - 15,000 60,726 84,147 Total funds 79,792 158,645 |
Outgoing & Balance at Transfers 31 December 2024 £ £ (41,835) 51,729 (384) 1,151 (16,547) - (531) 9,133 (3,339) - (8,015) 2,327 (4,171) 5,371 - - - 10,764 - - - - (31,193) - - - (13,000) - (23,947) - (5,835) 9,165 (106,962) 37,911 (148,797) 89,640 |
Outgoing & Balance at Transfers 31 December 2024 £ £ (41,835) 51,729 (384) 1,151 (16,547) - (531) 9,133 (3,339) - (8,015) 2,327 (4,171) 5,371 - - - 10,764 - - - - (31,193) - - - (13,000) - (23,947) - (5,835) 9,165 (106,962) 37,911 (148,797) 89,640 |
|---|---|---|
| 1,151 - 9,133 - 2,327 5,371 - 10,764 - - - - - - 9,165 37,911 |
||
89,640 |
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.
Fakenham Food Fellowship – 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.
YP 121 support – Improving outcomes for young people by working with them individually, using a range of therapeutic youth work practices.
Space Villages – Youth work offer in detached and outreach settings to engage young people where they choose to gather in towns and villages, sponsored in part by the .
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EP Youth Ltd
Notes to the Financial Statements (continued)
Year Ended 31[st] December 2024
13. Analysis of net assets between restricted and unrestricted funds
| Tangible | Tangible | Other Net | Total | ||
|---|---|---|---|---|---|
| Fixed Assets | Assets | ||||
| £ | £ | £ | |||
| Unrestricted funds | 214 | 51,515 | 51,729 | ||
| Restricted funds | 1,150 | 36,761 | 37,911 | ||
| 1,364 | 88,276 | 89,640 | |||
| 14. | Financial Instruments | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Financial assets measured at amortised cost | - | - | |||
| Financial liabilities measured at amortised cost | - | - |
Financial assets measured at amortised cost comprise debtors excluding prepayments. Financial liabilities measured at amortised cost comprise creditors excluding accruals and deferred income.
15. Related Party Transactions
During the year the charity paid £nil (2023: £nil) for reimbursement of charity expenses incurred by trustees.
N Cooper, a trustee and employee of the charity, received remuneration of £44,094 (2023: £42,171) during the year for non-trustee services as a youth worker and manager.
16. Operating lease commitments
The total minimum lease payments under non-cancellable operating leases are as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Land and buildings | ||
| Expiring within one year | 11,400 | 11,400 |
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EP Youth Ltd
Notes to the Financial Statements (continued)
Year Ended 31[st] December 2024
17. Comparative Statement of Financial Activities
| Unrestricted Funds Note £ Incoming Resources From generated funds Voluntary income 3 43,654 Investment income 4 448 Government grants 3 - Charitable activities 5 - Total incoming Resources 44,102 Resources Expended Charitable activities Direct charitable 6 9,505 expenditure Costs of generating funds Governance and support costs 7 2,356 Total resources expended 11,861 Net (outgoing)/incoming Resources 32,241 Transfers between funds 13 (28,998) Net movement in Funds 3,243 Reconciliation of Funds Balances brought forward 15,823 Balances carried forward 19,066 |
Restricted Total Total Funds Funds 2023 Funds 2022 £ £ £ 84,685 128,339 147,115 - 448 45 - - - - - - 84,685 128,787 147,160 85,701 95,206 98,383 22,608 24,964 24,352 108,309 120,170 122,735 (23,624) 8,617 24,425 28,998 - - 5,374 8,617 24,425 55,352 71,175 46,750 60,726 79,792 71,175 |
|---|---|
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