XLP
Annual Report and Accounts
For Year Ended 31" August 2024
XLP. All Hallows-on-the-wall. 83, London Wall, EC2M 5ND
XLP is a company limited by guarantee, registered in England.
number4959458 and a registered charity number 1101095

XLP
FOR THE YEAR ENDED 31-AUGUST2024
Contents
Details of the Charity, Trustees and Advisors
Welcome from the Chief Executive Officer
Objectives and Activities
Achievements and Performance
Financial and Risk Review
16
Plans for Future Periods
19
Structure, Governance and Management
20
Statement of Trustees, Responsibilities
21
Auditor's opinion
23
Statement of Financial Activities
27
Balance Sheet
28
Statement of Cash Flows
29
Notes to the Financial Statements
30

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
DETAILS OF THE CHARITY. TRUSTEESAND ADVISORS
XLP is a charitable company limited by guarantee, registered in England, and incorporated in
2003. The companywas registered as a charity in 2003.
XLP is also historically known as-The X L Project-.
Registered Charity Number
Registered Company Number
1101095
4959458
Registered Off ice
All Hallows-on-the-wall
83 London Wall
London EC2M 5ND
Trustees
Mr E F C Donaldson OBE
MrN C Benton
Miss Eyentumi
Mrs S Douglas
Mr K Brese
Miss H Williams {appointed 0810512024)
Chair
Mr E F C Donaldson OBE
Treasurer
Mr N C Benton
Secretary
MrPJWood
Chief Executive
MrLOWatson
Bankers
HSBC Bank PLC
28 Borough High Street
Southwark
London SE1 1YB
Auditor
Edmund Carr LLP
146 New London Road
Chelmsford
Essex CM2 OAW

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
WELCOME FROM THE CHIEF EXECUTIVE OFFICER
A lot has changed since our last Annual Report: a new government. who've brought in a new
budget. and a new Nationalyouth Strategy. both of which will have an impacton ourwork ahead.
What hasn't changed is the economic outlook. or if it has changed. it has worsened. Poor
economic growth coupled with higher National Insurance contributions have left many funders
unable to commit to charitable giving as they have in the past. We are seeing more trusts and
foundations pausingtheir giving- or closing altogether- at a time where there is inevitably more
need for both funding and services. Alongside many other charities. we lobbied government
lunsuccessfullyl for an exemption from the increased National Insurance obligations, which it is
estimated will cost the charity sector over £1 billion in the year ahead money that will either
need to be raised as income or cutfrom expenditure. AtXLP. itwilLequate to at leasttwo fulltime
youth workers, salaries.
On the other hand. we are encouraged by the reintroduction of a National Youth Strategy- the
firstfor morethan a decade-and hopefulthat it indicates a commitmentto helpingyoung people
and a priorityforthe new administration. Whilst positive. the funding remains far belowthe cuts
that have been made over the past decade. and at present it is unclear how the funds will be
spent.
As we move towards our 30-year anniversary. it is clear that good youth work is needed as much
now as when we began. Young Londoners face a widening economic gap in society- which is
mirrored by a widening opportunity gap and the divergence of life outcomes between rich and
poor- and as ever. it is the poorest in societywho are sufferingthe most from the ongoing cost-
of-living crisis and economic outlook. As funds decrease. the need increases. and the youth
sector land charity sector more broadly) is facing an uncertain future. Indeed, while writing this
we heard the sad news that YMCA George Williams College would be closing after 55 years of
youth work and training. joining the Likes of the British Youth Council. Children England. NCS
Trust. the Centre for Youth Impact. the Centre for Education and Youth. and over half the youth
clubs across the country after more than a decade of drastic funding cuts.
And yet we hang on to hope. Improved school engagement, reduced crime and anti-social
behaviour, and improved socialskills and safety are the markers of effective youth work practice.
We have spent the past year digging into what really works as an organisation and ensuring we
replicate that in all the spaces we operate. and have grown ouryouth work in the nine boroughs
where we work. We are offering opportunities to more young people than we ever have before,
ensuringwe work more intensively and intentionallywith those we alreadyworkwith. XLP makes
a tangible and sustained difference in thousands of young Londoners. lives every year.
To all those who support us. a huge thank you. As a charity that was formed in response to a
stabbing in 1996, we are now a 60-strong team, and we simply couldn't do what we do without
the support, encouragement and generosity of individuals, churches, trusts, foundations,
companies and local government. and l am indebted as everto allthe staff and volunteers atXLP
who enable us to keep delivering life-changingyouth work across London.
Luke Watson, Chief Executive Officer

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
OBJECTIVES AND ACTIVITIES
XLP was founded in 1996. Its charitable objects are set out in its governing document and these
underpin its operational objectives. The trustees have paid due regard to the Charity
Commission's guidance on public benefit when determining the activities of the charity.
At XLP. we believe that every young person should start adult lrfe with the same opportunities,
and we exist to help young people break negative cycles caused by inequality. and in doing so.
bring about community transformation. Through consistent. intentional and dedicated youth
work, we showyoung peoplethatwe care. andthattheyare known and seen. We build long-term,
positive relationships between trusted adults and young people. and provide support. positive
activities, fun, opportunities and safe spaces, ensuring projects are shaped byyoung people and
embedded within local communities.
XLP engages in long-term relationships to empower young people from the most disadvantaged
backgrounds to complete their education and avoid anti-social behaviour, gangs and criminality,
and ultimatelyto become positive contributors to their communities. We work to create positive
futures for young people living in our inner cities and to make a serious and sustainable impact
upon poverty and educational failure.
The charity seeks to serve children and young people (approx. 10-20 years of age), primarilyfrom
inner-London estate communities. who are experiencing a range of Life challenges andlor
behavioural and educationaldifficulties. Itdoesthisthrough a mixture of prevention. intervention
and diversionary projects that are focussed on deliveringthe following outcomes:
Children and young people with a raised sense of self-worth. self-esteem and increased
educational achievement that helps them confidently and positively contribute to
society.
Children and young people with fresh goals and the desire to work hard to achieve
them. with the abilityto make wise lifestyle choices: and.
Children and young people with positive attitudes and behaviourtowards their
communities: theirfamilies. peers. local residents. teachers and the police.
XLP works principally in the London boroughs of Camden. Islington. Newham. Tower Hamlets.
Hackney. Lewisham. Greenwich. Southwark. Lambeth and the City of London.
Over the past 12 months. we have worked with over 3.765 young people and their families on a
one-to-one and small group basis. concentrating on building long-term. positive. trusted
relationships. Over 800 young people went on trips with XLP.
It is these relationships that produce trust with young people, which in turn allows a belief that
positive change is possible in what are very often difficult life circumstances. This progression of
Trust 4 Believe 4 Change is foundationalto what we do.
It takes time to fostertrust. It takes a skilled youth worker to knowwhen to encourage and when
to challenge. It takes time for a young person to change their mindset and begin to believe in
themselves. It needs that trust and belief to be in place for sustained change to happen.

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
We believe in buildingthese relationships with young people. and creating multiple contexts and
opportunities to deepen our engagement with them. Our theory of change is centred on such
relationships. Regular and consistent engagement is not only shown to be the most effective
strategy in long-term change. but also necessary for young people with multiple levels of
disadvantage.
Our workthrough the year has continued to comprise a wide range of programmes including:
A Communities Programme carrying out'detached. youth work on estates. including
community bus drop-in sessions, sports and life-skills training, two mobile recording
studios workingwith so-called'hard-to-reach. young people, and an arts project that
trains in life skills and artistic performance
The Communties Programme is comprised of:
Bus Project
Arts Project
Sports Project
A Schools Programme providing educationalsupport, mentoring, specialist lessons and
clubs
The Schools Programme is comprised of:
Exclusion Reduction Project (ERP)
Literacy and Numeracy Project {LAN)
A Mentoring Programme forthose on the verge of exclusion or involvement in gangs
An Employability Programme that supports young people into apprenticeships and
further education by improving theirwork-readiness
o The Employability Programme is comprised of:
Ready to Work Project
Young Leaders Project
Apprenticeship Project
Within all the Programmes above exist various trips. summer camps. residentials and
other outings
XLP aims to provide multiple contact points with children and young people, working with them
in their schools, their communities and with their families. In this way, robust long-term
relationships can be established between XLPyouth workers and the children and young people
they workwith.

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
ACHIEVEMENTS AND PERFORMANCE
2023124
Boroughs where we work
Estate communities where we work
Schools and Pupil Referral Units wherewe work
Totalyoung People lone-to-ones and small groups)
Regularyoung People lone-to-ones and small groups)
34
34
3.765
1,630
The table below shows activities carried out duringthe year across the projects.
Project
Total
Attendees
Regular
Attendees
Group
Sessions
Total
Sessions
Sessions
Buses
2,019
630
225
766
991
Arts
465
132
178
144
322
Sports
Exclusion
Reduction
Literacy &
Numeracy
1,138
386
127
449
576
542
217
2.099
346
2,445
260
193
325
971
1,296
1-1 Mentoring
209
79
1,075
20
1,095
Readyto Work
74
35
128
76
204
Young Leaders
116
95
79
174

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST 2024
En
nt
Age of Young People by Project
-1 ij_i_lii I I
uptolo •llto14 ffj15to17 •18to21 •22+
Gender of Young People by Project
Female • Male • Nonbinary •Transgender FeM￿e • Transgender Male
Main Ethnicity Group belonging by Project
Asian llBl&k llmixed •other Iwhtte

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
nt
in
12
24
To build the infrastructure of the organisation as we begin to plan to scale and grow
We made progress in building up our fundraisingteam in orderto reach our target of four
full-time staff by the end of 2024. The improved database (see below) and new
governance of the building and church from which we operate are important steps in
laying the platform for thefuture.
To continue to grow the youth work towards the stated goal of every project operating in every
borough
In 2023124. we had 92% coverage of projects across the boroughs.
To develop greater diversitywithin the senior leadership
Across the organisation. the proportion of global majority heritage was 53 %, with 390
female. The gender diversity of the Senior Management Team remained at 400/0 female
and 30% global majority heritage. We recognisethatthere remains roomforimprovement
and are pleased to have made further progress since the year end.
To continue to develop our impact management and measurement
The Salesforce Administratorjoined theteam atthe start of theyear and made significant
inroads into our ability to measure our inputs. outputs and outcomes. She was joined
soon afterwards by the Head of Impact. and together. they have worked tirelessly on
building a new Salesforce database alongside two external consultancies. This has been
a hugely challenging undertaking. both in the design and build. and in training the team,
and at the time of writing. we are now at the stage of improving the user experience to
enable real-time data entry during project sessions. The system is already proving to be
much more robust, enabling better measurement. which in turn enables better
management.
To maintain ourfree reserves above the three-month level as activityand expenditure increase
Whilst we have seen a decrease in the value of our free reserves from £874,210 to
£704.698. we have maintained the level above the three-month target at 3.2 months of
charitable expenditure {2023: 4.6 months).

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
YOUTH WORK
XLP revolves around young people. The following pages outline how we work through different
programmes and projects to bring about change. Whilst there are clear differences between
each. common elements include consistency of presence. long-term relationships and using
different interests and settings to offer activities, opportunities and support.
The Bus Projectworked in 23 underserved communities lastyear. operating outside schools and
in the heart of local housing estates, with the agilityto move to the areas of most pressing need.
Of the 23 weekly sessions. 10 were developed in partnership with local stakeholders in the
community. includingchurches. community partners and housing associations. There were over
10,000 attendances on bus sessions by 2.019 young people, of which 31Wo were regular
attenders, highlighting the demand for and importance of such open-access, detached youth
work.
This pastyear also sawthe successfullaunch of our newest bus. further strengtheningour ability
to connect with young people in their communities. Given the importance of consistency. we
have made key improvements to the fleet of buses. helping to extend their lifespan and reduce
session cancellations.
Our North London projects havefostered strong local relationships. including partnerships with
a pizza restaurant and fish and chip shop that generously provide free food for young people at
our sessions. These collaborations create a welcoming and supportive environment,
strengthening our community presence and encouraging engagement.
With expanded capacity, enhanced resources and growing community support. the Bus Project
continues to play a vital role in reachingyoung people where they are, buildingtrust, and offering
consistent support and opportunities.
The Arts project plays a crucial role in developing young people's creativity and expression,
allowing them to explore further opportunities within the arts sector. We have two main studios:
our mobile recording studio housed in a large Ivecovan. and the Vault. built in the old HSBC bank
vault at the XLP Youth Hub in Stratford. Together. these provide a platform for individuals to
expressthe issuestheysee intheircommunities and worktowards a betterfuture through music.
In addition to the advice. training and free studiotime provided. the Arts team also run showcase
events for young people, together with a weekly drop-in for 45 young people lon average} who
practice a range of art forms.
In the South East quad, XLP delivered targeted, trauma-informed Drama workshops for girls,
focussing on identity. belonging and healthy relationships. Developing skills such as screenplay
10

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
writing and performance techniques was complemented by trips to West End shows, and the
project culminated with a public performance of their creation in July 2024.
In total. over 13 industry-specific trips took place during the year. including a group visit to the
iconic Abbey Road Studios. where the young people spent the weekend developing their music
and soaking upthe atmosphere, all made possiblethrough our partnershipwith Universal Music.
The Sports Project continues to grow, not only as a programme, but as a thriving community
where young people experience the transformational effect of sport. Last year, we averaged 145
attendees across the weekly two-hour football training sessions. tournaments. showcase
matches and opportunities against professional academies. Through these strands of provision.
we provide a plattorm for young people to develop their skills. build confidence and foster a
sense of belonging. We also offer targeted one-to-one mentoringand weekend matches with the
XLP 11-a-side team. ensuring consistent supportfor those who need it most.
Our commitment also extends beyond football. This pastyear. we ran half-term trips. a bike club
and two weekly gym sessions. Through our running club in collaboration with the Outrunners
Youth Charity, two members of staff and two young people completed the 2024 London
Marathon.
A core element of the Sports Project is young people leading change. Those towards the end of
XLP'S Journey of Change (Trust -> Believe -> Change -> Contribute) have played a crucial role in
strengthening the team. Their dedication and leadership have helped us expand our reach.
introducing peer mentoring and creating a welcoming environment for new participants. In doing
so, they are also developingtheir own skills and confidence.
Sport is an excellent tool to help young people make new friendship groups, grow in confidence
and aspiration, and develop new skills - both sport-related and life skills. The Sports sessions
are popular and well attended. representing over 20% of our overall attendance across XLP.
Indeed. some of the young people whojoin the sessions have been with XLP for many years now
and are being encouraged to become futurevolunteers and trainers, providing peer support and
acting as role models foryounger members.
mm
The Exclusion Reduction Project takes young people at risk of school exclusion through a course
of 1-1 and/or group mentoring sessions that aim to help them grow in confidence and motivation
for their education. In doing so. it increases the likelihood that they will stay in school. Exclusion
from education increases the chances of involvement in crime and serious youth violence, and
in many cases leads to unemployment or custodial sentences.
11

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
Last year, we worked in 34 schools across London (29 mainstream comprehensive secondary
schools, three Pupil Referral Units and two SEN Schools) and supported 542young people at risk
of exclusion. ofwhich 87% stayed in education. XLP has also excelled in deepening relationships
with schools: our growing relationships have enabled us to remain agile in adapting to both
internal and external changes as they arise. and has provided a strongerframeworkfor delivering
impactful work across diverse contexts. ensuring that we can continue to meet the evolving
needs of young people at a crucial stage of their development.
Manyyoung people develop their identity, aspirations and sense of belonging in schools. At XLP.
we recognise the transformative impactof engagingwithyoungpeople in theirschools, alongside
their communities and homes. Our school-based engagement is part of a holistic approach,
enabling us to empoweryoung people. foster resilience and create lasting change in their lives.
The Literacy and Numeracy (LANI projectworked in 11 schools with some 260 young people
overthe year. There are two main elements to the project:
1. Group and one-to-one tutoringwithin schools for young people in years 7 to 9 using the
SAFMEDS ISay-All-Fast-Minute-Every-Day-Shuffled) approach. This precision teaching
tool helps us to identifyweaknesses in a child's learning and support them in different
areas.
2. One-to-one tutoring led by trained volunteers who are matched with young people.
These young people receive one hour of tuition perweekwith the goal of helpingthem to
raise their predicted grades and pass their GCSE'S. The young people fit into four main
groups:
those workingtowards resitting exams between September and December
b. those studyingfortheir mock exams
c. those studyingtowards summer GCSE'S
summer tuition for those preparing to starttheir GCSE year
All the young people in the LAN Projectfaced some level of disadvantage. including special
education needs ISENISENDISEMH and neurodiversity). English as an Additional Language
IEALI, and others with Education Health Care Plans (EHCPI. Of the 260 young people we
supported, we obseNed an improvement in the skills acquired by an average of 83%. This
included:
Young people with diagnosed dyslexia=
Young people with ADHD:
Young people with EAL:
53% improvement
100% improvement
91% improvement
The LAN project has also played an active role in empowering young people to gain broader
confidence in school and social contexts, as evidenced by schools and family members, who
have shared their impressions ofthe difference this project has made.
The engagement of young people in the LAN Project often goes beyond school time, and their
relationships with trusted youth workers encourage them to participate in wider XLP activities.
such as the Sports. Arts. Bus and Mentoring Projects.

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
Pr
mm
Mentoring provides a consistent adult supporter, advisor and role modelwho can give relational,
tailored support to young people. based on the barriers they face. We were able to grow the
programme significantly in 2023124 in large part due to the continued support of the Greater
London Authority {Propel Fund).
The programme works to match trained volunteers with young people - referred by schools,
statutory seNices and health services-who meetforweekly mentoring sessions throughout the
year. Sessions consist of visiting local cafés. parks and local attractions - to have fun. build
connection, support their education and expand their worldview. Once a year, mentors and
mentees go awayfor a weekend residentialto help cement their relationships and this is often a
place of real breakthrough. with many young people leaving London for the first time (see
ResidentialTrips and Summer Camps below).
In the pastyear. we received over205 referralsfrom statutory services {60% of referrals). the NHS
and schools, reinforcing the importance of XLP'S work in preventing and alleviating crises,
particularly in light of the longwaiting lists for mental health and wellbeing seNices experienced
by young people in London. Recognising the diverse needs of young people. we introduced a
second yearly mentoring residential: a smaller. alternative trip specifically designed for young
people experiencing high levels of anxiety, those with neurodiversity needs, or anyyoung person
who might find larger residentialtrips ovemhelming.
We continue to train other organisations. sharing our expertise and experience with others
around the country, including a new mentoring partnership with CHIPS In Lambeth, trainingtheir
volunteers and connecting them with young people in need of support.
Em
Pr
mm
The Employability Programme has three distinct projects helpingyou people who are- or are at
risk of becoming- NEET {Not in Education. Employment. orTrainingi:
1. Readyto Work Project. working with thosewho are currently NEET
2. Young Leaders Project. workingwith 16-18 year-olds at risk of becoming NEET
3. Apprenticeship Project. trainingyoung people who would otherwise be NEET
The Ready to Work Project starts with a six-week course, offering employability support and
guidance to young people who are NEET. followed by a year of support for each young person.
The project helps young people develop the mindset. resources and skills needed to take their
next steps. and thisyearwe successfully delivered four cohorts (September, January. March and
July) to 74young people, 91% of whom completed the programme. One highlight ofthe year was
the Summer 2024 cohort, where 100 % ofyoung people completed the six-week course, and 92
of participants moved into education or employment.

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
This year saw the expansion of XLP'S neMork of company partnerships. offering young people
unique insights and experiences across industries such as music. creative arts. construction.
architecture and finance. Helpingyoung people to overcome the anxiety theyfeel around travel
to these visits has become a significant aspect of the project and is clearly an important step in
becomingwork-ready.
In 2023124, nine active cohorts of small groups met regularly In community centres, churches,
schools and other relevant places known to the young people, close where they live or attend
other XLP projects. These monthly sessions
focussing on life skills, leadership skills, and
developing the competencies and opportunities needed to gain employment- are consolidated
through regular one-to-one meetings between each young leader and their youth worker. One
important tenet of the project is the co-design of activities where young people are encouraged
to design their own sessions, trips and the annual residentialtrip.
In 2023124 we trained our largest cohort of apprentices to date- 11 young people, eight of whom
were already known to XLP, having come through various projects as young people, including six
through theyoung Leaders Project. Allapprentices have a passionto work with young people and
to find a way to contribute to their communities. and as part of the year. they complete a level 2
youth work qualification. To date, ten of the apprentices continue to work in the youth work
sector, of which two work as XLP Youth Workers.
An incredible 803 young people attended 174 trips and 21 residentials {overnight trips). This
comprised almost 50% of the regular young people who attended XLP projects. Some trips and
residentials are project specific. others are area specific. whilst others are open to all. The
destinations are often decided by and with the young people.
These opportunities are highly prized byyoung people and theirfamilies. as they help to broaden
horizons, and enable young people to visit new places and create life-long memories. These
opportunities further build the positive relationships with youth workers and volunteers and
create new friendships with other young people from different areas of London with different
backgrounds and cultures. It is often on such trips thattransformational moments are seen, with
real breakthrough across the ages.
The Youth Advisory Group consists of young people who have grown up as beneficiaries of XLP.
New members are selected bythe group annually. with older members leavingto make space for
them. The aim of the group is to amplifythe voice of young people and shape the direction of the
charity. They meet monthlyto discussXLP and offerfeedbackand suggestionsfor improvements
to projects and the work of XLP.
14

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
Each member receives group and individual leadership training and mentoring support
throughout their time on the YAG. and members regularly volunteer across XLP projects and
trips, becoming true ambassadors of XLP. and of youth work more broadly. The group is also
actively involved in the recruitment process for new youth work staff and represents XLP at
corporate and fundraising events.

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
FINANCIAL AND RISK REVIEW
Total Income received fortheyearwas £2.469.619, £42.849 {2%1 lowerthan £2,512,468 for 2023.
Despite shovving this slight decrease. this is a good result in light of the complexity of raising
funds in the current environment. with the demand for charityfunding continually increasing.
The main sources of voluntary income for the period are set out in Note 2. The charity is hugely
gratef ul to all its donors.
Expenditure of £2,834,189 showed a significant increase of £398.050 {16910) from £2,436,139 for
2023. This is a smaller increase than the previous year. and reflects both an increase in the size
of our team and the increase in costs of running projects within the current economic
environment. This expenditure enabled us to deliver our services in 34 schools this year {2023:
38) and on 34 estates12023: 34). This allowed us to deliver 7.103 youth work sessionsthroughout
the year. up 28% 12023: 5.5371. We also invested significantly in redeveloping our impact
measurement system. having secured fundingforthis.
This performance resulted in restricted funds decreasing to £343.821 {2023.- £574.253) and free
reserves decreasingto £704,69812023- £874,210). The decrease in restricted funds results from
strategically growing our activity and targeting our fundraising to ensure we were again able to
use funds that had been held over from previousyears.
Overall donations and legacies of £2.371.557decreased by4Wo12023: £2.470.276). This included
a decrease on non-bus grants of £26.541 12 % I to £1,226k12023- £1,252kl and a decrease on
donations from businesses of£85.211 {15%1 to £484k{2023= £569k). Other donations decreased
by £123,1481310/0l to £274k {2023: £397k) but income from events increased by £152.974 {513%)
to £183k {2023- £30kl- this is a significant increase on the previous year and reflects the success
of our annual dinner and use of online giving platforms. Grants for the running of the bus project
increased by£33,242 {22%}to £185k12023= £152kl. and the use of capitalfunds carried overfrom
2023 enabled our newest bus to be equipped and enter service this year. We did not seek any
new capitalfundingforthis {2023: £50k).
XLP does not use a professional fundraising service and has not received any complaints from
donors regarding our fundraising activities.
Our principalexpenditure is staff costs. In the lasttwelve months. these increased by nearly 14%,
through a combination of increased team size and significant increases in both the London Living
Wage and Apprentice Minimum Wage. In setting salaries at the start of the year. the organisation
was also attentive to the continued increases in the costof living. Staff costs are expected to rise
further over the next 12 months with the increased costs of employment following the increase
to the Employers. National Insurance rate from April 2025.
The costs of running our projects continued to increase this year through a combination of the
economic climate and our increased capacity to deliver more youth work due to having a larger
staff team.
Ourfundraising ratio remained at7% ofthetotalof voluntary income and activities forgenerating
funds. This will increase next year. as we have increased the size of our fundraising team to
provide more capacityto secure funding in the current economic circumstances. Support costs
increased by less than 2% as set out in Note 8.

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
Fixed assets increased to £246.671 (from £211.297). as we equipped our latest bus ready for
project use and replaced our minibus.
Current assets largely comprise cash on deposit. Debtors largely relate to accrued income that
related to the financial year but was received post year-end. The main -creditor" is deferred
income of £347.801 representing grants given in 2023124 for work thatwill take place in the ne)rt
financialyear.
The policy aims to establish free reserves at a level to cover at least three months of charitable
expenditure. Free reseNes comprise unrestricted funds not represented byfixed assets. Atyear-
end. free reseNes of £704.698 represented 3.2 months of cover. a decrease from 2023
1£874.210' 4.6 months). As the costs of running the charity's activities continue to increase. we
will seek to increase the value of free reserves in the coming year in order to maintain the three-
month reseNe position.
In addition to the free reserves, the charity also holds restricted funds of £343,821 and a fixed
asset fund of £246,671. givingtotalfunds of £1.295.190 at 31 August 2024.
The trustees have reviewed the outturn for the year noting the progress made against the
approved budgetfor 2024125. Followingthis and the reviewof our funding position goingfomard,
thetrustees have a reasonable expectationthatthe charitywill have sufficient resources to meet
its liabilities as they fall due for the foreseeable future. The trustees therefore consider it
appropriate for the accounts to be signed on a going concern basis.
17

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
The trustees conduct an annual review of the major risks to which the charity is exposed and the
controls established to mitigate those risks. The trustees consider that the most significant
current risks to XLP relate to safeguarding recognisingthe challenging environments in which we
operate. lack of suff icient funding recognising the current economic climate, and loss of key
personnel / lack of staff capacity recognisingthe general lack of trained youth workers.
The safeguarding policy and procedures of the Charity are reviewed by trustees. the Chief
Executive Officer. the Director of Youth Work and the Head of Safeguarding. Trustees all
complete relevant safeguarding training and are updated regularly at Board meetings on
safeguarding matters. All staff are trained annually in safeguarding and training is provided for
mentors and other volunteers including Trustees.
The charity's funding strategy encourages a diversification of funding sources whilst continuing
to expand the funding base for the charity. Funding is received from charitable trusts, major
private and corporate donors, fundraising events and donations from churches and individuals.
The Executive and Senior Management teams cover the core areas of the organisation (youth
work. safeguarding. impact. culture. finances and fundraising) and provide continuity in times of
absence.

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
PLANS FOR FUTURE PERIODS
The charity plans to continue its present activities in future years, and to add activities as
resources permit. Ourfocus during 2024125will remain on the activities in our existing boroughs
with young people, whilst delving deeper into impact management and preparingfor growth.
Key goals for 2024125 are:
To continue to build the infrastructure and fundraising capacity in preparation for the
f uture
To ensure consistent delivery of excellent youth work across the organisation
To ensure all slaff understand XLP'S expectations and policies (particularly around
safeguarding). as well as their role responsibilities. and are held accountable
To develop greater diversity and inclusion at senior level
To ensure managers have clear and accessible evidence to make good decisions
To maintain our free reserves above the three-month level as costs increase

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
STRUCTURE. GOVERNANCE AND MANAGEMENT
The charity was established under a Memorandum of Association and is governed under its
Articles of Association.
Trustees are appointed with reference to relevant skills, diversity and XLP'S values. Under the
Articles, new trustees are appointed by the Board of Trustees and one third of the members of
the Board (the longest serving) retire each year. but are eligible to be re-appointed If still qualif led.
New trustees go through an induction process and receive trustee training as appropriate.
The trustees schedule four quarterly meetings a year and hold further meetings during the year
as required. During the financial period. the trustees met as a Board six times.
The organisation is led by the Board of Trustees. which oversees and monitors the work of XLP
and makes decisions on overarching issues such as vision and long-term strategy. and agrees
the budget in conjunction with the Chief Executive (CEO).
The oversight of the day-to-day work of XLP is delegated to the senior managers and led by the
CEO. The trustees appoint a small committee of trustees to agree the remuneration of the CEO
and other senior staff. Operations (youth work) and Support Services lofficel teams meet
regularly and take responsibilityfor XLP'S day-to-day operations and seNice delivery.
XLP works in association and partnership with a number of local organisations, in furtherance of
its charitable purposes. These include schools. Pupil Referral Units and other Alternative
Provision establishments. London Borough Councils. Youth Offending Teams. various Housing
and Tenants, Associations, the Police. Police Community Support Officers. and Safer
Neighbourhood Teams.togetherwith otherlocalcharities. XLPalsoworkswith a numberofyouth
work organisations and churches across London.
20

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
STATEMENT OF TRUSTEES. RESPONSIBIUTIES
The trustees (who are also directors of XLP for the purposes of company law) are responsible for
preparing the Trustees. Annual Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted
Accounting Practice).
Company law requires thetrustees to preparefinancial statementsfor eachfinancialyear. 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 applythem consistently.
obseNe the methods and principles in the Charities SORP 2019 {FRS 1021.
make judgments and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed. subject to any
material departures disclosed and explained in the financial statements-
prepare the financial statements on the going concern basis unless it is inappropriate to
presume thatthe charitable companywill continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and enable
them to ensurethatthefinancial statements complywith the CompaniesAct 2006. They are also
responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps forthe prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's auditor is
unaware. and
the trustees have taken all stepsthattheyoughtto havetaken to makethemselves aware
of any relevant audit information and to establish that the auditor is aware of that
information.
The financial statements have been prepared in accordance with the accounting policies set out
in the notes to the accounts and complywith the charity's governing document. the Charities Act
2011 and 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 published on 16 July 2014.
21

XLP-TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31-AUGUST2024
This report has been prepared in accordance with the provisions applicable to companies
entitled to the small companies. exemption.
Approved bythe Trustees on 9" April 2025 and signed on their behalf by".
Mr E F C Donaldson OBE (Chair)
22

XLP- INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF XLP
FOR THE YEAR ENDED 31"AUGUST2024
Opinion
We have audited the financialstatements of XLP{the'charitable company'l fortheyearended 31
August 2024 which comprise Statement of Financial Activtties. Balance Sheet. Statement of Cash
Flows and notes tothe financial statements. including signtficant accounting policies. The financial
reportingframeworkthat has been applied in theirpreparation isapplicable lawand United Kingdom
Accounting Standards, including Financial Reporting Standard 102 TheFinancialReportingStandard
applicablein the UKandRepubbcoflreland{United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial statemerrts:
give a true and fairview ofthe state of the charitable company's affairs as at 31 August 2024,
and of its incoming resources and application of resources. including its income and
expenditure. fortheyearthen ended.
have been properly prepared in accordance wth United lthngdom Generally Accepted
Accounting Practice- and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted ouraudit in accordancewith Intemationalstandards onAuditinglUK} IISAS IUK)) and
applicable Law. Our responsibikn'ties underthose standards arefurther described in the auditor
responsibilitsesforthe audit of thefinancialstatementssection ofour report. We are independent of
thecharitable company in accordancewith the ethical requirements thatare relevantto ourauditof
thefinancialstatements in the UK. includingthe FRC'S Ethical Standard, and we havefulfilled our
other ethical responsibilities in accordance with these requirements. We believethatthe audit
evidencewe have obtained is sufficient and appropriateto provide a basisforouropinion.
Conclusions relatingto going concern
In auditingthe financial statements, we have concluded thatthe trustees. use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identrfied any material uncertainties retatingto
events or conditions that. individuallyor collectively. may cast significant doubt on the charitable
companvs abilityto continue as a going concern for a period of at least twelve months from when the
financial statements are authorised for issue.
Our responsibilities and the responsibiltties of thetrustees wtth respect to going concern are
described in the relevant sections ofthis report.
Other information
The other information comprises the information included in thetrustees, annual report. otherthan
thefinancialstatements and ouraudrtorfs reportthereon.Thetrustees are responsibleforthe other
infomiation. Our opinion on the financial statements does not coverthe other information and we do
not express any form of assurance conclusion thereon.
Our responsibility is to read theother information and. in doingso, considerwhethertheother
information is materially inconsistent wth the financial statements or our knowledge obtained in the
course of the audit or othewse appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements. we are required to determinewhetherthis gives
riseto a material misstatement inthefinancialstatementsthemselves. If. based ontheworkwe have
performed, we concludethatthere is a material misstatement ofthis other information. we are
required to reportthat fact.
We have nothingto report in this regard.
23

XLP- INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF XLP
FOR THE YEAR ENDED 31"AUGUST2024
Matters on which we are required to report byexception
We have nothingto report in respect of the following matters in relation to which the Charities
(Accounts and Reports) Regu￿10n82o08 require usto reporttoyou if, in ouropinion:
the information given in the tnjstees, report is inconsistent in ary material respect with the
financial statements. or
sufficient accounting records have not been kept: or
thefinancial statements are not in agreementwiththe accountingrecords. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As exptained morefully in the trustees, responsibiltties statement set out on page 21. the trustees
(who are also the directors of the charitable companyforthe purposes of company lawl are
responsible for the preparation of the financial statements and for being satisfied that they give a true
and fairview, and forsuch intemalcontrol asthetrusteesdetermine is necessaryto enablethe
preparation offinancial statements that are free from matenal misstatement. whether due to fraud or
error.
In preparingthefin8ncialstatements.thetTUStees are responsibleforassessingthe charitable
companWs abilityto continue asa goingconcern. disclosin& asapplicable. matters related to going
concern and usingthe goingconcern basis ofaccountingunlessthetrustees either intendto liquidate
the charitable compary orto cease operations. or have no realistic altemative but to do so.
Auditor responsibilities forthe audit of the financial statements
We have been appointed as auditor under section 144oftheCharitiesAct 2011 and report in
accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
arefreefrom material misslatement. whelherduetofraud or error. andto issue an audilorfs report
thatincludes ouropinion. Reasonable assurance isa high levelof assurance. but is not a guarantee
that an audit conducted in accordancewith ISAS IUKI willalwaysdetect a material misstatement
when itexists. Misstatementscan arisefrom fraud orerror and areconsidered materialif. individually
or in the aggregate,theycould reasonablybe expectedto inftuence theeconomic decisions of users
taken on the basis ofthesefinancialstatements.
Irregularities. including fraud. are instances of non-compliance wtth Laws and regulations. We design
procedures in line with our responsibilites. outbned above, to detect material misstatements in
respect of irregularities, includingfraud. The extent to which our procedures are capable of detecting
irregularities. includingfraud is detailed below.
Our approach to identtying and assessingthe risks of material misstatement in respect of
irregularities. includingfraud and non-compliance wth Laws and regulations. was as follows.
The engagement partner ensured thatthe engagementteam collectively had the appropriate
competence. capabilities and skillsto identify or recognise non-compliance wth applicable laws and
regulations.
We assessed the susceptibitity of the company's financial statements to material misstatement,
includingobtainingan undeistandingof howfraud mightoccur by.
Makingenquiries of managementastowheretheyconsidered therewas susceptibilitytofraud,
their knowledge of actual, suspected and alleged fraud
Considering the intemal controls in pla￿ to mitigate the risks of fraud and non-compliance with
laws and regulations.
To addressthe risk of fraudthrough managementbiasand override of controls.we'
Performed analytical procedures to identityany unusual or unexpected relationships
Tested journal entries to identfy unusualtransactions.
In response to the risk of irregularities and non-compliance with laws and regulations. we designed
procedures which included. butwere nottsmttedto:
24

XLP- INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF XLP
FOR THE YEAR ENDED 31"AUGUST2024
Agreeingfinancial statement disclosures to underlying supporting documentation
Reading the minutes of meetings of those charged with govemance
Enquiring of management as to actualand potential lrtigation and claims.
Because of the inherent limrtations of an audit. there is a riskthatwe wll not detect all irregularities,
includingthose leadingto a material misstatement in thefinancialstatements or non-compliance
wth regulation. This risk increasesthe morethatcompiiancewith a Laworregulation is removedfrom
the events and transactions reflected in the financial statements. as we will be less likelyto become
aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to
fraud ratherthan error. asfraud involves intentionalconcealment. forgery. collusion. omission or
misrepresentation.
As partof an audit in accordancewith IS4s IUK).weexercise professionaljudgmentand maintain
professionalscepticismthroughouttheaudit.weaLso:
Identify and assessthe risks of material misststement of the financial statements. whether
due tofraud orerror, design and perform auditprocedures responsivetothose risks, and
obtain auditevidencethat is suff icientand appropriate to provide a basisfor ouropinion.The
risk of not detecting a material misstatement resultingfrom fraud is higher than for one
resultingfrom error. asfraud mayinvolve collusion.forgery, intentionalomissions,
misrepresentations, orthe override of internal control.
Obtain an understandingof internalcontrol relevanttothe audit in orderto design audit
proceduresthat are appropriate in the circumstances. butnotforthe purpose ofexpressing
an opinion on the effectiveness ofthe charitable companVs internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and retated disclosures made by the trustees.
Conclude on the appropriateness ofthe trustees. use of the goingconcern basis of
accountingand. based on the audit evidenceobtained. whethera material uncertaintyexists
related to events or conditions that may cast significant doubt on the charitable company's
abilityto continue as a goingconcern. tfweconcludethat a material uncertainty exists, we are
required to draw attention in our auditorfs report to the related disclosures in the financial
statements or, ifsuch disclosures are inadequate.to modityour opinion. Ourconclusions are
based on the auditemdence obtained uptothedate of ourauditoff s report. However.future
events or conditions may cause the charitable companyto ceaseto continue as a going
concern.
Evaluate the overall presentation, structure and content ofthefinancial statements, including
the disclosures, and whetherthefinancialstatements representthe underlyingtransactions
and events in a mannerthat achievesfair presentation {ie. gwes atrueand fairviewl.
We communicatewith those chargedwthgovemance regarding. amongother matters, the planned
scope and timing of the audit and significant audtt findings, includingany significant deficiencies in
intemal controlthatwe identfyduringouraudit.
25

XLP- INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF XLP
FOR THE YEAR ENDED 31"AUGUST2024
Use of our report
This report is made solely to the charitable companys trustees, as a body, in accordance with Part 4
of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so
thatwe might state to the charitable companrfs trustees those matters we are required to state to
them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not
accept or assume responsibilityto anyoneotherthanthe charitable company andthecharitable
CoMpan￿S trustees as a body. forour auditwork. forthis report. orfor the opinionswe have formed.
Edmund Carr LLP
EDMUND CARR LLP
Statutory Auditor
146 New London Road
Chelmsford
Essex
CM2 OAW
Date: 10 April 2025
Edmund Carr LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act
2006.
26

XLP- STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING THE INCOME AND EXPENDttURE ACCOUNT)
FOR THE YEAR ENDED 31-AUGUST 2024
STATEMENTOF FINANCIAL ACTIVITIES
2023124
2022123
Unrestricted
Restricted
Total
Total
Irestatedl
Note
Income from:
Donations and legacies
Charitable Activities
729,151
650
1,642,406
480
2,371,557
1,130
96,932
2.470,276
236
38
Other trading activities
3b
92,673
4,259
41,956
Total Income
822A74
1,647.145
2.469.619
2,512,468
Expenditure on:
Raising Funds
178,735
178,735
161,880
Charitable Activities
7.8.9
858.616
1.796.838
2,655,454
2,274,259
Total Expenditure
1,037,351
1,796.838
2.834.189
2,436,139
Net incomellexpenditure)
1214.877)
(149,693)
(364,570)
76,329
Transfers between funds
14
80,739
{80,739)
Net movement in funds
1134,138
(230,432)
(364,570)
76,329
Reconciliation of Funds
Total Funds brought forward
1.085.507
574.253
1.659.760
1.583.431
Total Funds carried forward
951,369
343.821
1,295,190
1,659.760
The statement offinancial activities includes all gains and losses in the year.
27

XLP- BALANCE SHEET
AS AT31-AUGUST 2024
BALANCE SHEEr
31st
August
2024
31st
August
2023
Irestatedl
Note
Fixed Assets
Tangible Assets
246.671
211,297
Current Assets
Stock
Debtors
2,242
461.659
1.349,000
1,812,901
12
402.250
1,130,550
1,532,800
Cash at bank and in hand
Current Liabilities
Creditors: amounts falling
due within one year
13
484,281
364,438
Net CurrentAssets
1.048.519
1,295,190
1,448.463
1,659.760
Net Assets
Funds of the Charity
Restricted Income Funds
14
343.821
704,698
246.671
574,253
874,210
211,297
Unrestricted General Funds
Unrestricted Fixed Asset
Funds
15
15
Total Charity Funds
1.295,190
1,659,760
Forthe year ending 31st August 2024the companywas entitled to exemption from audit under section
477 of the CompaniesAct2006 relatingto smallcompanies but asthis company is a charity. it is subject
to audit under the Charities Act 2011.
Directors, responsibilities-
The members have not required the company to obtain an audit of its financial statements for
the year in question in accordance with section 476:
The directors acknowledge their responsibilities for complyingwith the requirements of the Act
with respectto accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
Approved bythe board on 9" April 2025 and signed on its behaLf by
Mr E F C Donaldson OBE (Chairl
Company Registration no. 4959458
28

XLP-STATEMENTOFCASH FLOWS
FOR THE YEAR ENDED 31-AUGUST 2024
STATEMENTOF CASH FLOWS
2023124
2022123
(restated)
hfl
fr
tin
tiviti
Net cash provided by (used in) operating activities (Note 1)
(107,860}
(158,616)
Purchase of fixed assets
Net cash provided by (used in) investing activities
1110,590)
(110.590}
{47.5701
(47.570)
Net cash provided by (used in)financing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents atthe beginning of the reporting
period
Cash and cash equivalents atthe end of the reporting period
{Note 2)
(218,450)
1,349.000
(206,186)
1,555,186
1,130,550
1,349,000
Net incomel(expenditure) forthe reportingperiod
Adjustments for:
Depreciation
Loss on disposal of fixed assets
Ilncreaselldecrease in stocks
Ilncreaselldecrease in debtors
Increasel(decrease) in creditors
Net cash provided by (used in) operating activities
(364,570)
76,329
74.685
530
81.992
2.242
59,410
119.843
(107,860}
1349,1811
32,244
(158,616)
Analysis cash and cash equivalents
Cash in hand
Notice deposits
Total cash and cash equivalents
861.928
268.622
1.130.550
1.092,545
256,455
1.349.000
29

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
NOTES TO THE FINANCIAL STATEMENTS
ACCOUNTING POLICIES
Basis of A¢¢ounting
The financial statements have been prepared under the historical cost convention. and in accordance
with 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 IFRS 1021 issued on 16 July 2014. the Financial reporting Standard applicable in the United
Kingdom and Republic of Ireland IFRS1021- the Charities Act 2011- and UK Generally Accepted Practice
as it applies from 1 January 2019.
The charity constitutes a public benefit entity as defined by FRS102.
bl
Going concern
The Charity is funded from 8 diverse number of sources. including charitable trusts. major private and
corporate donors, fundraising events an(J donations from indivi(Juals, churches, and other local
organisations. As such. it is not reliant upon one source of income. Taking this into account together with
the strength of the balance sheet an(i their review of performance against plan to date, the Trustees
believe that. while uncertainty exists. there is no material uncertainty reg8rding the Charity's ability to
continue as a going concern and consequently consider that the financial statements are appropriately
prepared on such a basis.
Recognition of income
Income is included in the Statement of Financial Activities when the charity becomes entitled to the
resources. it is more likely than not that the charitywill receive the resources and the monetary value can
be measured with suff icient reliability.
dl
Incoming resources
Donations and grants are included in the accounts when the general income criteria are met. When
donors specify they are to be used for a future accounting period they are treated as deferred income.
Fees received for courses commencing after the period end are 81s0 recognised as deferred income.
Contributions, fees and tax recoverable from the Inland Revenue under the Gift Aid scheme are
recognised on an accruals basis when there is a valid declaration f rom the donor.
Resources Expended
Expenditure is accounted for on an accruals basis. inclusive of VAT. whic h cannot be recovered. The
majority of costs are attributable to specific charitable activities. Support costs include central f unctions
and are allocated to activity cost categories on a basis consistent with the use of resources, e.g.
allocating staff costs by the time spent and other costs by their usage. Governance costs comprise all
costs involving public accountability of the charity and its compliance with regulation and good practice.
fl
Capitalisation and Depreciation
All fixed assets are initially recorded at cost. Tangible fixed assets costing more than £500 are capitalised
in the accounts. 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:
Office Equipment- computers 50% straight line. other equipment 25% straight line
Motor Vehicles- 20% straight line
Fixtures & Fittings- 10% straight line
30

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
gi
Stocks
Stocks held for resale are measured at the lower of cost or net realisable value.
h)
Pensions
XLP contributes to a defined contribution pension scheme on behalf of employees the cost of which is
disclosed in note 4 below.
Funds accounting
Funds held bythe charitable companyare:
Unrestricted general funds funds that can be used in accordance with the charitable objects at the
discretion of the trustees.
Fixed Asset funds-funds committed to fixed assets as setout in note 15.
Restricted funds-funds that can only be used for particular purposes within the objects of the charitable
company. Restrictions arise when specified bythe donoror when funds are raised for particular restricted
purposes. The nature and purpose of each fund is explained further in the notes to the financial
statements.
Operating Leases
Rentals under operating leases are charged on a straight-line basis over the lease term.
kl
Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph 1 Sche(Jule 6 Finance Act 2010 and therefore it meets
the definition of a charitable company for UK corporation tax purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits that are readily convertible to a
known amount of cash and are subject to an insignificant risk of change in value.
Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from im pairment are recognised in expenditure.
Donated goods and $eNices
Goods donated for resale are included at fair value, being the expected proceeds from sale less the
expected costs of sale. If it is practical to assess the fair value at receipt. it is recognised in stock and
'Income from other trading activities. Upon sale. the value of the stock is charged against'lncome from
other trading activities, and the proceeds are recognised as'lncome from other trading 8Ctivities'.
Where it is impractical to fair value the items due to the volume of lowvalue items, they are not
recognised in the fin8ncial statements until they are sold. This income is recognised within 'lncome
from other trading activities,.
31

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
DONATIONSAND LEGACIES
2023124
Unrestricted
Restricted
Total
Donations from churches
Donations from businesses
10.382
158.604
271.977
9,926
325,507
1,767
184,860
20,308
484,111
273,744
184,860
Other Donations
Grants for bus project
Capital Grants
Other grants
Total Donations and grants
Income from events
105,403
546.366
182.785
1,120,346
1.642,406
1,225,749
2,188,772
182,785
2,371,557
729.151
1.642,406
Government grants totalled £382.998 of income- of this. £360,592 is included within restricted "Other
grants" above whilst £22,406 is included within restricted -Grants for bus project"
2022/23eompBrative figureslrestated)."
2022123
Unrestricted
(restated)
Restricted
Total
(restated)
Donationsfrom churches
Donations from businesses
14,703
267.097
386.462
5,640
302.225
10,430
151,618
50,000
1,144.273
1.664.186
20,343
569.322
396,892
151,618
50,000
1,252,290
2,440.465
29,811
Other Donations
Grants for bus project
Capital Grants
Other grants
Tot81 Donations and grants
Income from events
108,017
776.279
29,811
806.090
1.664.186
2.470.276
Government grants totalled £446,130 of income- of this, £383,464 is included within restricted "Other
grants" above whilst £62,666 is included within restricte(J "Grants for bus project"
32

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
al INCOME FROM CHARITABLE ACTIVITIES
2023124
Unrestricted
Restricted
Total
Training Fees
650
480
1,130
650
480
1,130
2022/23eomparative flgures..
2022123
Unrestricted
Restricted
Total
Training Fees
236
236
236
236
b} INCOME FROM TRADING ACTIVITIES
2023124
Unrestricted
Restricted
Total
Spe8king engagements
Sales & other contributions to
costs
6.596
4,259
10,855
Rental income
26.890
26.890
Bank credit interest
12.167
12,167
Sale of assets
47,020
47,020
92.673
4.259
96.932
2022/23eomparatlve flgures..
2022123
Unrestricted
Restricted
Total
Speaking engagements
Sales & other contributions to
costs
12.207
2,701
14.908
Rental Income
27,048
27,048
39.255
2,701
41.956
33

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
STAFF COSTS
Employment Costs
2023124
Total
Gross Pay
Pensions Contributions
Social Security costs (Employers
National Insurance)
Other employee benefits
1,828,049
38,526
168.153
5,271
2,039,999
bl
An average of 65 peoplewere employed bythe company during the year ofwhich 8 were part-time.
One employee received remuneration benefits of between £70.000 and £80,000. Total earnings of key
management personnelwas £86.326.
dl
The trustees received no remuneration (Juring the year. The charity purchased trustee indemnity
insurance on behalf of the trustees. Trustees. expenses reimburse(J (Juring the year amounted to nil.
Totaltermination payments amountto £5.27112023- £5.0001 and related to statutory redund8ncy p8yfor
two members ofstaff and compensation fortermination ofemployment of one member of staff.
2022/23¢omparatwe figures..
fl
Employment Costs
2022123
Total
Gross Pay
Pensions Contributions
1,607,577
32.889
150.236
Social Security costs (Employers
National Insurance)
Other employee benefits
5.000
1,795,702
gi
An average of 59 peoplewere employed bythe companyduringthe year ofwhich 7 were part-time.
One employee received remuneration benefits of between £70,000 and £80,000. Total earnings of key
management personnelwas £82,783.
hl
The trustees received no remuneration during the year. The charity purchased trustee indemnity
insurance on behalf of the trustees. Trustees, expenses reimbursed during the year amounted to nil.
Total termination payments amount to £5,000 {2022 - £Nill and related to compensation for termination
of employment of one memberof staff.
34

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
TAXATION
As a registered charity, the entity is entitle(i to those reliefs from taxation which are available to
charities.
RAISING FUNDS
Unrestricted
Restricted
2023124
Costs of generating donations
Salaries
Othercosts
128.680
14.272
142,952
35,783
128,680
14.272
142,952
35,783
Fundraising event costs
178,735
178,735
2022/23conFpATrotive figures..
Unrestricted
Restricted
2022123
Costs of generating (ionations
Salaries
87.769
17.915
105.684
26.196
30.000
117,769
17,915
135.684
26.196
Othercosts
30.000
Fundraising event costs
131,880
30,000
161,880
35

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
ANALYSIS OF COSTS OF CHARITABLE ACTIVITIES
Training
Borough
and other
outreach
work
2023124
Projects
Salaries
286.868
1.377.113
1,663,981
Bus and transport costs
60.426
79,369
139,795
Direct Project Costs
53.350
195.973
249,323
Donations and sponsorships
Support Costs (note 8
114.722
426,274
540,996
Governance Costs {note 91
13.008
48.351
61,359
528,374
2,127,080
2,655,454
2022/23¢on7p8rotwe figures..
Training
Borough
and other
outreach
work
2022123
Projects
Salaries
208.950
1,208,549
1.417,499
Bus and transport costs
53.726
82,606
136,332
Direct Project Costs
48.404
178.098
226,502
Donations and sponsorships
Support Costs (note 81
78.963
359,721
438,684
Governance Costs {note 91
45.298
55.242
399,987
1,874,272
2,274.259
36

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
SUPPORT COSTS
Training
Borough
and other
outreach
work
2023124
Projects
Salaries
48.750
18.866
30,684
16.422
181,128
70.094
114,035
61.017
229,878
88.960
144,719
77,439
Office Accommodation
IT Equipment and support
Office 8nd admin costs
114.722
426,274
540,996
2022/23¢onFpATrotive figures..
Training
Borough
and other
outreach
work
2022123
Projects
Sa18ries
42.990
12.336
9.424
14.213
195.848
56,196
42.930
64.747
238.838
68,532
52.354
78,960
Office Accommodation
IT Equipment and support
Office and admin costs
78.963
359.721
438.684
GOVERNANCE COSTS
2023124
2022123
Fees payable to auditor Inote 101
Legal Fees
Salaries
20,678
1.381
17,460
21,840
61,359
16,940
1.906
16,596
19,800
55,242
Consultancy Fees
37

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
10.
NET INCOME FOR THE PERIOD
2023124
2022123
This is stated after charging=
Depreciation
Operating lease rentals
74,685
12,064
86.749
81,992
4,621
86,613
Fee p8y8ble to auditor:
Audit
12,800
7.878
10.450
6,490
Payroll Serwces
20.678
16.940
11.
TANGIBLE FIXED ASs￿s
Furniture
& Fixtures
Motor
Vehicles
Equipment
Total
COST
At 1 September 2023
Additions
Disposals
At31 August 2024
16,224
493,083
105,367
{124.7961
473,654
107.325
5,223
12.3201
110,228
616,632
110,590
1127.1161
600,106
16.224
DEPRECIATION
At 1 September2023
Charge for the year
Eliminated on disposal
At 31 August 2024
7.976
1.623
309,812
58.992
{124.2651
244,539
87,547
14.070
12.3201
99,297
405,335
74.685
1126,5851
353,435
9.599
NET BOOKVALUE
At 1 September 2023
At31 August 2024
8.248
183,271
19,778
211,297
6,625
229,115
10,931
246,671
12.
DEBTORS
2023124
2022123
(restated)
Income tax recoverable under gift aid scheme
Other debtors
86,155
141,521
174.574
54.257
89,367
318,035
Prepayments and accrued income
402,250
461,659
38

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
13.
cRED￿ORS. amountsfallingduewithin oneyear
2023124
2022123
PAYE and Social Security
Other creditors
37,710
86,170
360,401
484,281
39.181
33,422
291.835
Accruals and deferred income
364,438
Accruals and deferred income includes deferred income of £347.801 all of which arose in the year12022123 -
deferred income of £281,835). The income has been deferred atyear end on the basis that money received in the
current year relates to projects to be undertaken in future years.
14.
RESTRICTED FUNDS
1st
September
2023
Income
Expenditure
Transfers
between
funds
Transfer
tol{from)
Unrestricted
Fund
31st
August
2024
Bus projectfunds
Vehicle Capital Fund
Exclusion Reduction
Programme
186.260
186,260
87,043
15.000
80.739
6,304
475.127
490.127
Mentoringfunds
Arts funds
126,931
280.252
326,684
80,499
46.711
126.373
133.573
39,511
188,269
Employabilityfunds
Sports funds
Literacy & Numeracy
Impact Project
{Capacityl
10 Other funds
179.023
21.667
304.302
29,111
103,040
112.000
295.056
50.778
83,849
173,340
112.000
13,549
14.029
30.680
29.020
15.689
574.253
1.647.145
1,796,838
80,739
343,821
Bus project funds include a number of grants from trusts, companies, local authorities, and local
community organisations given for periods of up to three years for the operation of the Community Bus
project. Larger donors to this work inclu(Jed the City Bridge Foundation, the Garfield Weston Foundation,
the Royal Docks Trust, the United St. Saviour's Fun(J, and the National Lottery Community Fund.
The Vehicle Capit81 Fund relates primarily to funds given in the previous year by FINHUMF and HSBC UK
towards the conversion of a new community bus which entered seNice during the year. The transfer of
£80.739 to the fixed asset fund relates to the costs of this conversion.
39

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
Exclusion Reduction Programme
includes funds from trusts, companies. local authorities, local
churches, and individuals, given in support of the work within schools and connected to schools across
our boroughs, with the aim of reducing and preventing exclusions of young people f rom mainstream
education. This has become the primary focus of our borough projects. Larger donors this year included
The Charity of Sir Richard Whittington, The Hab(Jer(Jashers' Company, The Stewarts Foundation, The
MAPP Charitable Foundation. and the National Lotterycommunity Fund.
Mentoring- includes both one-off and multi-year grants for the operation of the Mentoring programme,
from organisations including the Greater London Authority. the Lighthouse London Community Trust, the
Sisters ofthe Holycross Ch8rit8ble Trust. and Compass Wellbeing cic.
Arts Funds- funding from Universal Music, the Backstage Trust, the National Lottery Community Fund,
the Benefact Trust, and others, for projects that promote the practice and expression of performing arts,
including our mobile recording stu(Jio.
Employability Funds - towards our Ready to Work. Young Leaders. Job Creation. and Youth Advisory
Group programmes. including grants f rom the Citi Foundation. the Horlock Educational Trust, the City of
London Corporation. the National Citizen Service Trust. Landsec. and others.
Sports Funds-to support sports projects including football sessions, gym sessions, a running club, and
a cycling club. Larger (Jonors this year included the National Lottery Community Fund. National Grid,
Sport England, and Transportfor London.
Literacy & Numeracy- grants from trusts and companies including the Constable Educational Trust, The
Charity of Sir Richard Whittington. and the JJ Charitable Trust towards the promotion of literacy and
numeracy skills in schools. This project connects closely with our Exclusion Reduction Programme.
Impact Project ICapacityl- the funding received and expended this year relates to the major overhaul of
our impact recording database.
10.
Other Funds - includes funding received specifically for the core running costs of the charity from The
Charity of Sir Richard Whittington as weti as other smaller projects.
40

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
2022/23comparatwe figures..
1st
September
2022
Income
Expenditure
Transfers
between
funds
Transfer
tol{from)
Unrestricted
Fund
31st
August
2023
Bus projectfunds
Vehicle Capital Fund
Exclusion Reduction
Programme
180.768
99.943
460,864
180.768
23.100
173,153
36,000
87,043
15,000
625,439
6,422
Mentoringfunds
X-mobile
43,355
47.247
307.007
223,431
126,931
(47.2471
Arts funds
72.253
259,550
36.218
89.024
74.622
198.773
123.620
140.350
143.638
286,198
138.171
145,525
20,000
47,247
6,898
3,773
46,711
179,023
21,667
83,849
Employabilityfunds
Sports funds
Literacy & Numeracy
10 Impact Project
{Capacityl
11 Other funds
20.000
25,450
61.176
59.277
113.3201
14,029
769,350
1.667,123
1.822,447
39,773
574,253
Bus project funds include a number ot grants from trusts, companies, local authorities, and local
community organisations given for periods of up to three years for the operation of the Community Bus
project. Larger donors to this work included the Garfield Weston Foundation, the London Borough of
NewhamlMOPAC, the National Lottery Community Fund. and Tritax.
Thevehicle C8PltalFund rel8tesprimarilytofundsgiven byFINHUMFand HSBC UKtowardsthe purchase
and conversion of a new community bus during the year. The transfer of £36.000 to the fixed asset fund
relates to the purchase of a bus due to enter service during 2023124 (note 151.
Exclusion Reduction Programme
includes funds from trusts, companies, local authorities, local
churches, and individuals, given in support of the work within schools and connected to schools across
our boroughs, with the aim of re(Jucing and preventing exclusions of young people from mainstream
education. This has become the primary focus of our borough projects. Larger donors this year included
the National Lottery Community Fund. The Charity of Sir Richard Whittington, The Habderdashers,
Company, Vanguard, The Stewarts Foundation, and The Portal Trust.
Mentoring- includes both one-off and multi-year grants for the operation of the Mentoring programme,
from organisations including the Greater London Authority, The Henry Smith Charity, the Lighthouse
London CommunityTrust, and the Sisters ofthe Holy Cross CharitableTrust.
X-Mobile- the X-mobile project has always been closely linked to the Arts project, and it was decided to
merge X-mobile into Arts as the year began. Therefore the remaining funds were transferred to Arts, but
continued to be restricted to the specific work of the X-mobile van.
Arts Funds- funding from Universal Music. the London & Quadrant Housing Trust. the London Borough
of Newham, and others. for projects th8t promote the practice and expression of performing arts.
Employabilityfunds-towardsourReadytoWork,YoungLeaders, Job Creation, and Youth AdvisoryGroup
programmes, including grants from the Citi Foundation. the Horlock Educational Trust, the City of London
Corporation, and others.
41

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
Sports Funds-to support sports projects including football sessions, gym sessions, a running club, and
a cycling club. Larger donors this year included StreetGames UK. the London Marathon Foundation, the
London Borough of NewhamlMOPAC, and Fightfor Peace.
Literacy & Numeracy- grants from trusts and companies including the Constable Educational Trust and
The Charity of Sir Richard Whittington towards the promotion of literacy and numeracy skills in schools.
This project connects closelywith our Exclusion Reduction Programme.
10.
Impact Project Icapacityl - the funding received and expended this year relates to the beginning of the
overhaul of our impact recording database.
Other Funds- the transfers from this fund to the Exclusion Reduction Programme and Employability
projects relate to a re-structuring of the camps. Snow Camp provides an opportunity for young people to
receive training and pursue a career in winter sports training. so has been transferred to Employability-
The other residential trips and camps are overseen by the youth workers within the Exclusion Reduction
team.
15.
UNRESTRICTED FUNDS
Resources
to lund
fixed assets
Net
Resources
Generatedl
Iutilisedl
Transfer
from
Restrl¢ted
Fund
Transfer
from
General
Fund
31°
August
2024
September
2023
General
Funds
Fixed Asset
Funds
874.210
1250.2511
80.739
704,698
211.297
110.590
{75.2161
246,671
1,085,507
110,590
1325,4671
80,739
951,369
The Fixed Asset Fund represents the amount of charity funds utilised in capital investments in the charity's motor
vehicles lincluding its community buses), fixtures and fittings, and office equipment. The funds are carried at the
net book value of the fixed assets. There are no outstanding loans. or endowment funds used to finance their
acquisition.
2022/23comparative figures(restatedJ.'
Resources
to fund
fixed assets
Net
Re$ource$
Generatedl
IUtlli$edl
(restated)
Transfer
from
Restricted
Fund
Transfer
from
General
Fund
31"
August
2023
(restated)
September
2022
General
Funds
Fixed Asset
Funds
568.362
266.075
39,773
874,210
245.719
47.570
{81.9921
211.297
814,081
47.570
184,083
39,773
1.085,507
The Fixed Asset Fund represents the amount of charity funds utilised in capital investments in the charity's motor
vehicles lincluding its community buses), fixtures and f ittings, and office equipment. The funds are carried at the
net book value of the fixed assets. There are no outstanding loans, or endowment funds used to f inance their
acquisition.
42

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
16.
COMMtrMENTS UNDEROPERATING LEASES
At the year end, the charity had total commitments under non-cancellable operating leases as set out
below.
Total
2024
Total
2023
Not later than 1 year
Later than 1 and not later than 5 years
Later than 5 years
10,751
33,148
4,289
9,371
43,899
13,660
The charity has entered into agreements with the Church of England for the use of All Hallows on the Wall,
London Wall. Aformal lease agreement has notyet been completed.
17.
ANALYSIS OF NET ASSEfs (between restricted and unrestricted funds)
2023124
Tangible
fixed
assets
Other net
assets
Total
Restricted
343.821
343,821
Unrestricted
General Fund
- Fixed Asset Fund
704,698
704,698
246,671
246.671
246,671
1,048,519
1,295,190
2022/23¢omparatwe figures{restatedJ."
2022123
Tangibl8
fixed
assets
Other net
assets
(restated)
Total
Irestatedl
Restricted
574.253
574,253
Unrestricted
General Fund
- Designated Fund
874,210
874,210
211,297
211.297
211,297
1,448,463
1,659,760
43

XLP- NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-AUGUST 2024
18.
RELATED PARTIES
The charity received donations without conditions from Trustees in the year of £9,21012023= £13,0461-
There were no other related paty transactions that require disclosure under FRS102.
19.
COMPANY LIMITED BY GUARANTEE
The charity is a company limited by guarantee. In the event of the charity being wound up, the liability in
respect of the guarantee is limited to £10 per member of the charity.
20.
CONTROL
The Company is controlled by its members.
21.
RESTATEMENT OF PRIOR PERIOD BALANCES
Restatement of prior period balances havetaken place. adjustments have been made as a result of an
under provision of income from corporate donations in the Year Ended 31 August 2023. As a result, in
the comparativefigures, corporate donations and accrued income have increased by£75,OOOwhich
has resulted in an increase in unrestricted general funds at 31 August 2023 of £75,000.