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2025-08-31-accounts

Annual Report and Accounts For Year Ended 31[st] August 2025

XLP, All Hallows-on-the-Wall, 83, London Wall, EC2M 5ND

XLP is a company limited by guarantee, registered in England, number 4959458 and a registered charity number 1101095

XLP FOR THE YEAR ENDED 31[ST] AUGUST 2025

Contents
Details of the Charity, Trustees and Advisors 3
Welcome from the Chief Executive Officer 4
Objectives and Activities 5
Achievements and Performance 7
Financial and Risk Review 16
Plans for Future Periods 19
Structure, Governance and Management 20
21
Auditor's opinion 23
Statement of Financial Activities 27
Balance Sheet 28
Statement of Cash Flows 29
Notes to the Financial Statements 30

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XLP FOR THE YEAR ENDED 31[ST] AUGUST 2025

DETAILS OF THE CHARITY, TRUSTEES AND ADVISORS

Status

XLP is a charitable company limited by guarantee, registered in England, and incorporated in 2003. The company was registered as a charity in 2003.

XLP is also historically kno

Registered Charity Number 1101095 Registered Company Number 4959458 Registered Office All Hallows-on-the-Wall 83 London Wall London EC2M 5ND Trustees Mr E F C Donaldson OBE Mr N C Benton Miss E Yentumi Mrs S Douglas Mr K Brese (until 15/05/2025) Miss H Williams Mr N Turner (appointed 20/01/2026) Chair Mr E F C Donaldson OBE Treasurer Mr N C Benton Secretary Mr P J Wood Chief Executive Mr L O Watson Bankers HSBC Bank PLC 28 Borough High Street Southwark London SE1 1YB Auditor Edmund Carr LLP 146 New London Road Chelmsford Essex CM2 0AW

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XLP FOR THE YEAR ENDED 31[ST] AUGUST 2025

WELCOME FROM THE CHIEF EXECUTIVE OFFICER

In 1996, in response to a stabbing in a school playground in South-East London, XLP was born. Thirty years on, and XLP has grown to a nine-borough charity working with thousands of young people each year. Young people who continue to be affected by knife crime and serious youth violence, and who are growing up in unbelievably difficult circumstances. We are very proud of the work we have done over those 30 years and want to celebrate that work and the young people whose lives have been transformed in 2026, and indeed in this set of accounts before you.

in over twenty years. It lays out the steep challenges facing young people who have grown up through austerity, political turbulence and a global pandemic, and who are navigating a world that is increasingly moving online. It was co-produced by over 14,000 young people, sharing stories of what life is like for them, and it sets out two very clear ambitions:

This new focus on young people is really encouraging, particularly given the cuts to youth services over the past 15 years. The strategy explicitly recognises the role of youth workers in meeting these objectives, and as we know well at XLP, good youth work leads to improved engagement at school, reduced crime and anti-social behaviour, greater safety and improved social skills.

As you read these accounts, you will see evidence of the impact XLP has had over the past year. Young people whose lives have been transformed by youth workers and volunteers investing their time and energy, week in, week out, and journeying with young people as they navigate modern life.

You will also see the considerable effect of the rise in Employer National Insurance Contributions, introduced a year ago. In a recent Charity Finance Group survey, 77% of charities reported being in a worse financial position than a year ago, and we too have had difficult decisions to make during the year. Moreover, the young people and their families, many of whom rely on services provided by charities, are disproportionately affected by a difficult financial landscape and the rising cost of living.

As I reflect on the year, I am struck again by the incredible work that the team does each week with young Londoners and their families. I hope in these accounts you will not only find numbers, but also see the impact those numbers have had. At XLP, we work hard to deliver cost-effective, but more importantly, genuinely impactful youth work. Youth work that leads to long-term,

the support, encouragement and generosity of individuals, churches, trusts, foundations, companies and local government, and I am indebted as ever to all the staff and volunteers at XLP who enable us to keep delivering life-changing youth work across London.

Luke Watson, Chief Executive Officer

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XLP FOR THE YEAR ENDED 31[ST] AUGUST 2025

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 life 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 show young people that we care, and that they are 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 by young 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 ultimately to 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), primarily from inner-London estate communities, who are experiencing a range of life challenges and/or behavioural and educational difficulties. It does this through a mixture of prevention, intervention and diversionary projects that are focussed on delivering the following outcomes:

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 3,000 young people and their families on a one-to-one and small group basis, concentrating on building long-term, positive, trusted relationships.

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 Believe Change is foundational to what we do.

It takes time to foster trust. It takes a skilled youth worker to know when to encourage and when to challenge. It takes time for a young person to change their mind-set and begin to believe in themselves. It needs that trust and belief to be in place for sustained change to happen.

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We believe in building these 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 work through the year has continued to comprise a wide range of programmes including:

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 XLP youth workers and the children and young people they work with.

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ACHIEVEMENTS AND PERFORMANCE

Overview

Outputs

----- Start of picture text -----
2024/25
Boroughs where we work 10
Estate communities where we work 24
Schools and Pupil Referral Units where we work 34
Total Young People (one-to-ones and small groups) 3,284
Regular Young People (one-to-ones and small groups) 1,198
----- End of picture text -----

The table below shows activities carried out during the year across the projects.

Project Total
Attendees
Regular
Attendees		 1-1
Sessions		 Group
Sessions		 Total
Sessions*
Open
Access/Buses		 2,074 688 126 722 929
Arts 181 65 452 111 581
Sports 974 468 134 388 550
Exclusion
Reduction		 372 269 2,394 644 3,050
Literacy &
Numeracy		 152 120 196 627 824
1-1 Mentoring 110 54 676 3 692
Ready to Work 38 36 186 42 249
Young Leaders 101 39 265 77 362

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Demographic Engagement

----- Start of picture text -----
Age of Young People by Project
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
up to 10 11 to 14 15 to 17 18 to 21 22+
----- End of picture text -----

----- Start of picture text -----
Gender of Young People by Project
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Female Male Transgender Male Nonbinary
----- End of picture text -----

Main Ethnicity Group Belonging by Project

----- Start of picture text -----
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Arab Asian Black Mixed Other White
----- End of picture text -----

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Achievements against key goals for 2024/2025

To continue to build the infrastructure and fundraising capacity in preparation for the future

To ensure consistent delivery of excellent youth work across the organisation

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

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YOUTH WORK DELIVERY

XLP work puts young people first. The following pages outline how we work through different programmes and projects to bring about change. Whilst there are clear differences between each, there is a common thread; to build trusted adult relationships, remain hyper local and provide long term support where needed.

During 2024-25, XLP continued to deliver high-quality, relational youth work across London, supporting over 3,000 young people facing complex social, educational, and personal challenges. Despite financial pressures and staffing changes across the youth work sector, the organisation remained focused on consistency, safety, and impact.

Engagement:

Community-Based Delivery:

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Creative and Personal Development:

Arts Project

The Arts Project continued to provide young people with a creative and supportive environment to explore self-expression, develop skills, and build confidence through music, poetry, dance, and visual arts. Throughout the year, the programme offered a vital outlet for young people to process experiences, tell their stories, and connect with others in positive and affirming ways.

A major highlight was the continued success of The Vault, with two live showcase events delivered during the year. Fifteen young people performed original work to audiences of around fifty friends, family members, and community supporters. For many, this marked their first experience of performing publicly, representing a significant step in confidence, self-belief, and artistic identity. These events not only celebrated creativity but also reinforced the value of ies.

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Alongside live performance, several young people released their own EPs, demonstrating clear growth in technical ability, creative ambition, and commitment to their craft. While the project faced challenges, including periods of limited resources that slowed delivery, the resilience of both staff and participants ensured strong outcomes.

local young people. Using drama techniques and applied theatre skills to deliver targeted girls' youth work, addressing matters affecting lives of young people, personally and widely a space creative space to explore and process identity and belonging.

Looking ahead, the Arts Project aims to expand participation, increase performance opportunities, and build new partnerships, continuing to use creativity as a powerful tool for youth development.

Community Bus Programme

The Bus Programme experienced a year of consolidation and growth, with improved reach, reliability, and community engagement. A key milestone was the successful launch of a new double decker bus, strengthening the ability to deliver consistent youth work directly within local neighbourhoods.

Across the year, the programme delivered 21 weekly sessions using the double decker buses, youth work vans, and community venues, including Stratford Hub, Chobham Academy, and St John Devine Church. These sessions provided accessible, safe spaces for young people, particularly in areas with limited youth provision. Outreach activity also included attendance at the Focus Church Festival in July, where the team engaged with new young people and

Significant improvements were made to vehicle maintenance and upkeep, reducing breakdowns and minimising youth work session cancellations. Local partnerships continued to play an important role, with several North London projects working alongside pizza restaurants who provided free food for young people attending sessions.

Looking ahead to 202 ~~5 2~~ 6, with all three buses operational alongside the youth work vans and funding secured for an additional van, the programme aims to expand delivery to 25 weekly sessions, further embedding youth work within local communities.

Exclusion Reduction Project

The Schools Exclusion Reduction Project continued to support young people at risk of permanent exclusion across both mainstream and alternative education settings. The programme focused on improving emotional wellbeing, strengthening social skills, and helping young people remain engaged in education.

During the year, the Schools Team worked in over 30 schools across nine boroughs, supporting 372 young people. This included some of the most vulnerable students within their school communities. A key development was the creation of the XLP Mentoring Framework for

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Schools, grounded in trauma-informed and solution-focused practice, providing a clear

Strong links between schools and our wider community provision enabled young people to access multiple forms of support, including community bus sessions, residentials, and horizon-broadening opportunities and experiences. This holistic approach ensured that school.

Looking ahead, we aim to refine our group work delivery within schools, recognising the power of peer-based interventions. There is also a focus on strengthening impact reporting, enabling schools to clearly see student progress against goals and the benefit to wider school priorities.

Literacy & Numeracy (LAN) and Tutoring Project

The Literacy and Numeracy (LAN) continued to support young people who had experienced gaps in learning and low confidence in education. The project focused on rebuilding foundational literacy and numeracy skills while helping young people develop a more positive relationship with learning.

The project worked in six schools, supporting 152 young people, 140 of those young people engaged in specific literacy and numeracy provision and 12 received tutoring support. We experienced some challenges with the recruitment and retention of volunteer tutors, as well as reaching some young people who were avoiding school or had difficult negative educational experiences.

Feedback from partner schools highlighted that young people showed increased confidence in their learning, improvements in reading ages, and greater independence when working through literacy and numeracy materials. For many, this progress represented an important shift in how they viewed their own abilities.

Mentoring Programme

The Mentoring Programme continued to offer consistent, trusted 1-to-1 support for young people facing a range of personal, social, and emotional challenges. Through weekly sessions, provided over 12 months, with trained volunteer mentors, young people were provided with a safe space to reflect, build confidence, and develop a sense of direction.

Over the course of the year, 110 young people accessed mentoring support, with just under 700 mentoring sessions delivered. Two residential weekends also took place, offering volunteer mentors and mentees the opportunity to strengthen relationships and build trust, try new activities, and step outside of their comfort zones. These experiences continued to be a powerful element of the programme, contributing to increased confidence and resilience.

A challenge during the year was the recruitment of two new Mentoring Specialists at the beginning of 2025, delays temporarily slowed the creation of new mentor/mentee matches.

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However, both new team members quickly became strong contributors, helping stabilise and strengthen delivery.

Looking ahead, the programme aims to grow to 80 active mentor/mentee matches across London, strengthen volunteer recruitment partnerships, and design and implement a cohortbased programme model to support long-term sustainability and impact.

Ready to Work Project

The Ready to Work Project delivered a 12-week employability programme for young people aged 16 ~~2~~ 5 who face barriers to education, employment, or training. Using a trauma-informed and holistic approach, the programme focused on confidence-building, mind-set development, and practical employability skills.

This year, the team shifted focus from internal recruitment to building stronger external referral pathways, working closely with Job Centres, charities and organisations supporting young people at risk. Partnerships were expanded across industries including hospitality, construction, architecture, and the creative sectors, helping diversify opportunities available to programme participants.

As a result, the programme successfully supported 39 young people, achieving 100% completion and a 90% progression rate into education, employment, or training. These outcomes reflected the effectiveness of both the programme design and the strengthened referral and industry partnerships developed throughout the year.

Looking ahead to 202 ~~5 2~~ 6, the project aims to increase cohort sizes, to offer more young people support, and deliver provision from the Stratford Hub, creating a central, safe, and accessible space where young people can prepare for their next steps with confidence.

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Young Leaders Programme

The Young Leaders Programme continued to provide trauma-informed mentoring, leadership development, and advocacy opportunities for young people across London. The programme combined peer support, experiential learning, and tailored 1-to-1 guidance to help young people build confidence and a positive sense of identity.

During the year, nine active cohorts met monthly in local community centres, Churches, and schools, engaging a total of 101 young people. In addition, 15 young people attended regular weekly safer-space sessions focused on leadership skills, life skills, and personal development.

Reduced staffing capacity impacted youth workers ability to deliver some planned sessions which resulted in occasional cancellations. Despite this, engagement with young people remained strong, and they continued to benefit from consistent, trusted adult relationships and coached opportunities to develop their leadership potential.

From 2025 26, the Young Leaders Programme will be centralised at our Stratford Hub, with biweekly sessions. The programme also plans to collaborate with specialist youth organisations to deliver workshops on positive emotional and mental health, youth advocacy, and youth identity, strengthening both impact and consistency and coaching and steering Young Leaders to a more co-productive and social action-orientated model, while maintaining its foundations in supporting young people with next steps.

Apprenticeship Programme

Five youth work apprentices were recruited and employed by XLP. The apprentices were engaged in weekly training sessions which focussed around trauma informed youth work, tailored youth work support. The apprentices emotional and mental health support needs were high and so each received tailored support to promote positive emotional and mental health. In the final term the apprentices were also supported with job readiness employability sessions focussed on CV writing, job searches, completing job applications, interview skills and confident communication.

All five apprentices completed their Level 2 Youth Work qualification, awarded through National Youth Agency. Three apprentices found employment within the youth work sector following completion of their apprenticeship. Four of the apprentices also completed an alternative work placement as part of their apprenticeship.

Whilst the apprentices were representative of the communities we seek to support all the young people were male of Afro-Caribbean heritage and so as we consider future apprenticeship opportunities we are reflecting on how to diversify programme interest and take up.

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FINANCIAL AND RISK REVIEW

Income and Expenditure

Total income received for the year was £2,539,978, £70,359 (3%) higher than £2,469,619 for 2024. Whilst small, this increase is a good result in light of the challenges facing the charity sector around raising funds in the current economic environment.

The main sources of voluntary income for the period are set out in Note 2. The charity is hugely grateful to all its donors.

Expenditure of £2,834,115 showed a slight decrease of £74 (0%) from £2,834,189 for 2024. This decrease reflects decisions that were made through the year to ensure that the charity was able to operate within its resources by making appropriate savings where possible. This expenditure enabled us to deliver our services in 34 schools this year (2024: 34) and on 24 estates (2024: 34). This allowed us to deliver 7,237 youth work sessions throughout the year, up 2% (2024: 7,103).

This performance resulted in restricted funds decreasing to £165,984 (2024: £343,821) and free reserves decreasing to £602,167 (2024: £704,698). The decrease in restricted funds results from targeting our fundraising activities to ensure we were able to use funds that had been held over from previous years.

Overall donations and legacies of £2,492,056 increased by 5% (2024: £2,371,557). This included a decrease on non-bus grants of £31,018 (3%) to £1,195k (2024: £1,226k) and a decrease on donations from businesses of £217,007 (45%) to £267k (2024: £484k). Other donations increased by £107,890 (39%) to £382k (2024: £274k) and income from events increased by £66,981 (37%) to £250k (2024: £183k); this increase reflects the success of our annual dinner and partnerships with companies to run fund-raising events. Grants for the running of the bus project increased by £134,705 (73%) to £320k (2024: £185k). We did not seek any new capital funding for buses this year (2024: nil) but did receive a capital grant of £51k for a new van that was converted into a smaller mobile youth centre.

XLP does not use a professional fundraising service and has not received any complaints from donors regarding our fundraising activities.

Our principal expenditure is staff costs. In the last twelve months, these decreased by 1%, primarily as a result of having a slightly smaller staff team through the year. As expected, Social Security costs increased following the changes and threshold from April 2025.

Our fundraising ratio increased to 10% of the total of voluntary income and activities for generating funds (2024: 7%). This was expected, as we increased the size of our fundraising team to provide more capacity to secure funding in the current economic circumstances. Support costs decreased by 12% as set out in Note 8.

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Balance Sheet

Fixed assets decreased to £232,902 (from £246,671), due to depreciation exceeding the value of new assets added during the year.

Current assets largely comprise cash on deposit. Debtors relate to a combination of tax recoverable under the Gift Aid scheme, prepayments for services received after the year end and invoices/grants for services provided during the year where payment was received after the year end 269,777 representing grants given in 2024/25 for work that will take place in the next financial year.

Reserves Policy

The policy aims to establish free reserves at a level to cover at least three months of charitable expenditure. Free reserves comprise unrestricted funds not represented by fixed assets. At yearend, free reserves of £602,167 represented 2.8 months of cover, a decrease from 2024 (£704,698; 3.2 months). For the coming year, we will seek to reduce costs and secure income in order to increase the value of free reserves back above the three-month reserve position.

In addition to the free reserves, the charity also holds restricted funds of £165,984 and a fixed asset fund of £232,902, giving total funds of £1,001,053 at 31 August 2025.

Going Concern

The trustees have reviewed the outturn for the year noting the progress made against the approved budget for 2025/26. Following this and the review of our funding position going forward, the trustees have a reasonable expectation that the charity will 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.

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Risk Review

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, lack of sufficient funding, loss of key personnel or lack of staff capacity, and adverse publicity.

The Safeguarding policy and procedures of the Charity, including Safer Recruitment are reviewed by trustees, the Chief Executive Officer, the Director of Youth Work, the Director of Operations and the Head of Safeguarding. Trustees all complete trustee specific safeguarding training and are updated regularly at Board meetings on safeguarding matters. All staff are trained annually in safeguarding and training is provided for sessional workers and volunteers.

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, operations, safeguarding, impact, finance and fundraising) and work closely to provide cross organisational insight and business continuity.

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PLANS FOR FUTURE PERIODS

The charity plans to continue its present activities in future years, and to add activities as resources permit. Our focus during 2025/26 will remain on the activities in our existing boroughs with young people, whilst strengthening our fundraising capacity and delving deeper into impact management and youth work quality standards.

Key goals for 2025/26 are:

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The charity was established under a Memorandum of Association and is governed under its Articles of Association.

Trustees

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 qualified.

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 five times.

Organisational Structure

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 leaders and led by the CEO. The trustees appoint a small committee of trustees to agree the remuneration of the CEO and other senior staff. Delivery (youth work) and Core (operations and fundraising) teams meet -to-day operations and service delivery.

Co-operation with Other Organisations

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 Neighbourhood Teams, together with other local charities. XLP also works with a number of youth work organisations and Churches across London.

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The trustees (who are also directors of XLP for the purposes of company law) are responsible for 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:

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 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.

In so far as the trustees are aware:

The financial statements have been prepared in accordance with the accounting policies set out 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.

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This report has been prepared in accordance with the provisions applicable to companies

Approved by the Trustees on 14[th] April 2026 and signed on their behalf by:

Mr E F C Donaldson OBE (Chair)

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Opinion

or the year ended 31

August 2025 which comprise Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to 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 responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees' annual report, other than The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

1, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 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 that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows;

competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

including obtaining an understanding of how fraud might occur by;

their knowledge of actual, suspected and alleged fraud

-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

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Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

25

XLP FOR THE YEAR ENDED 31[ST] AUGUST 2025

Use of our report

of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so hose matters we are required to state to

accept or assume responsibility to anyone other than the charitable company and the charitable es as a body, for our audit work, for this report, or for the opinions we have formed.

EDMUND CARR LLP

Statutory Auditor

146 New London Road

Chelmsford

Essex CM2 0AW

Date: 16 April 2026

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 EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31[ST] AUGUST 2025 STATEMENT OF FINANCIAL ACTIVITIES

Note
Income from:
Donations and legacies
2
Charitable Activities
3a
Other trading activities
3b
Total Income
Expenditure on:
Raising Funds
6
Charitable Activities
7,8,9
Total Expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of Funds
Total Funds brought forward
Total Funds carried forward		 Unrestricted
£
973,487
227
39,512
1,013,226
255,595
926,300
1,181,895
(168,669)
52,369		 Restricted
£
1,518,569
-
8,183
1,526,752
-
1,652,220
1,652,220
(125,468)
(52,369)		 2024/25
Total
£
2,492,056
227
47,695
2,539,978
255,595
2,578,520
2,834,115
(294,137)
-		 2023/24
Total
£
2,371,557
1,130
96,932
2,469,619
178,735
2,655,454
2,834,189
(364,570)
-
(116,300)
951,369
835,069		 (177,837)
343,821
165,984		 (294,137)
1,295,190
1,001,053		 (364,570)
1,659,760
1,295,190

The statement of financial activities includes all gains and losses in the year.

27

XLP BALANCE SHEET AS AT 31[ST] AUGUST 2025

BALANCE SHEET

Note
Fixed Assets
Tangible Assets
11
Current Assets
Stock
Debtors
12
Cash at bank and in hand
Current Liabilities
Creditors: amounts falling
due within one year
13
Net Current Assets
Net Assets
Funds of the Charity
Restricted Income Funds
14
Unrestricted General Funds
15
Unrestricted Fixed Asset
Funds
15
Total Charity Funds		 £
-
201,930
956,957		 31st
August
2025
£
232,902
768,151
1,001,053
165,984
602,167
232,902
1,001,053		 £
-
402,250
1,130,550
1,532,800

484,281
 31st
August
2024
£
246,671
1,048,519
1,158,887
390,736
1,295,190
343,821
704,698
246,671
1,295,190

For the year ending 31st August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies but as this company is a charity, it is subject to audit under the Charities Act 2011.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to

Approved by the board on 14[th] April 2026 and signed on its behalf by

Mr E F C Donaldson OBE (Chair) Company Registration no. 4959458

28

XLP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31[ST] AUGUST 2025 STATEMENT OF CASH FLOWS

Cash flows from operating activities
Net cash provided by (used in) operating activities (Note 1)
Cash flows from investing activities
Purchase of fixed assets
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting
period
Cash and cash equivalents at the end of the reporting period
(Note 2)
Note 1
Net income/(expenditure) for the reporting period
Adjustments for:
Depreciation
Loss on disposal of fixed assets
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
Note 2
Analysis cash and cash equivalents
Cash in hand
Notice deposits
Total cash and cash equivalents		 2024/25
£
(98,012)
(75,581)
(75,581)
-
(173,593)
1,130,550
956,957
(294,137)
89,275
75
-
200,320
(93,545)
(98,012)
675,530
281,427
956,957		 2023/24
£
(107,860)
(110,590)
(110,590)
-
(218,450)
1,349,000
1,130,550
(364,570)
74,685
530
2,242
59,410
119,843
(107,860)
861,928
268,622
1,130,550

29

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

a) Basis of Accounting

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 (FRS 102) issued on 16 July 2014; the Financial reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102); 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.

b)

Going concern

The Charity is funded from a diverse number of sources, including charitable trusts, major private and corporate donors, fundraising events and donations from individuals, 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 and their review of performance against plan to date, the Trustees believe that, while uncertainty exists, there is no material uncertain to continue as a going concern and consequently consider that the financial statements are appropriately prepared on such a basis.

c)

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 charity will receive the resources and the monetary value can be measured with sufficient reliability.

d)

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 also 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 from the donor.

e) Resources Expended

Expenditure is accounted for on an accruals basis, inclusive of VAT, which cannot be recovered. The majority of costs are attributable to specific charitable activities. Support costs include central functions 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.

f) 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[ST] AUGUST 2025

g) 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.

i) Funds accounting

Funds held by the charitable company are:

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 set out 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 by the donor or 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.

j) Operating Leases

Rentals under operating leases are charged on a straight-line basis over the lease term.

k) 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 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

l) 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.

m)

Debtors and creditors receivable / 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 impairment are recognised in expenditure.

n) Donated goods and services

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 Where it is impractical to fair value the items due to the volume of low value items, they are not

.

31

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

2. DONATIONS AND LEGACIES

Unrestricted
£
Donations from churches
74,664
Donations from businesses
136,816
Other Donations
374,941
Grants for bus project
-
Capital Grants
-
Other grants
137,300
Total Donations and grants
723,721
Income from events
249,766
973,487		 Restricted
£
4,592
130,288
6,693
269,065
50,500
1,057,431
1,518,569
-
1,518,569		 2024/25
Total
£
79,256
267,104
381,634
269,065
50,500
1,194,731
2,242,290
249,766
2,492,056

Government grants totalled £465,024 of income; of this, £383,965 above whilst £81,059

Donations from churches
Donations from businesses
Other Donations
Grants for bus project
Capital Grants
Other grants
Total Donations and grants
Income from events		 Unrestricted
£
10,382
158,604
271,977
-
-
105,403
546,366
182,785
729,151		 Restricted
£
9,926
325,507
1,767
184,860
-
1,120,346
1,642,406
-
1,642,406		 2023/24
Total
£
20,308
484,111
273,744
184,860
-
1,225,749
2,188,772
182,785
2,371,557

.

32

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

3.

a) INCOME FROM CHARITABLE ACTIVITIES

----- Start of picture text -----
2024/25
Unrestricted Restricted Total
£ £ £
Training Fees 227 - 227
227 - 227
2023/24
Unrestricted Restricted Total
£ £ £
Training Fees 650 480 1,130
650 480 1,130
b) INCOME FROM TRADING ACTIVITIES
2024/25
Unrestricted Restricted Total
£ £ £
Speaking engagements 10 - 10
Sales & other contributions to 437 8,183 8,620
costs
Rental income 26,185 - 26,185
Bank credit interest 12,805 - 12,805
Sale of assets 75 - 75
39,512 8,183 47,695
----- End of picture text -----

Speaking engagements
Sales & other contributions to
costs
Rental income
Bank credit interest
Sale of assets		 Unrestricted
£
-
6,596
26,890
12,167
47,020
92,673		 Restricted
£
-
4,259
-
-
-
4,259		 2023/24
Total
£
-
10,855
26,890
12,167
47,020
96,932

33

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

4. STAFF COSTS

a)
Employment Costs
Gross Pay
Pensions Contributions
Social Security costs (Employers
National Insurance)
Other employee benefits		 2024/25
Total
£
1,780,709
39,235
180,982
13,985
2,014,911
Gross Pay
Pensions Contributions
Social Security costs (Employers
National Insurance)
Other employee benefits		 2023/24
Total
£
1,828,049
38,526
168,153
5,271
2,039,999

34

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

5. TAXATION

As a registered charity, the entity is entitled to those reliefs from taxation which are available to charities.

6. RAISING FUNDS

Unrestricted
£
Costs of generating donations
Salaries
186,894
Other costs
14,121
201,015
Fundraising event costs
54,580
255,595
Unrestricted
£
Costs of generating donations
Salaries
128,680
Other costs
14,272
142,952
Fundraising event costs
35,783
178,735		 Restricted
£
-
-
-
-
-
Restricted
£
-
-
-
-
-		 2024/25
£
186,894
14,121
201,015
54,580
255,595
2023/24
£
128,680
14,272
142,952
35,783
178,735

35

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

7. ANALYSIS OF COSTS OF CHARITABLE ACTIVITIES

Salaries
Bus and transport costs
Direct Project Costs
Donations and sponsorships
Support Costs (note 8)
Governance Costs (note 9)
Salaries
Bus and transport costs
Direct Project Costs
Donations and sponsorships
Support Costs (note 8)
Governance Costs (note 9)		 Community
Projects
£
333,242
50,312
65,093
-
117,224
30,922
596,793
Community
Projects
£
286,868
60,426
53,350
-
114,722
13,008
528,374		 Training
£
-
-
-
-
-
-
-
Training
£
-
-
-
-
-
-
-		 Borough
and other
outreach
work
£
1,266,084
98,337
167,284
-
356,257
93,765
1,981,727
Borough
and other
outreach
work
£
1,377,113
79,369
195,973
-
426,274
48,351
2,127,080		 2024/25
£
1,599,326
148,649
232,377
-
473,481
124,687
2,578,520
2023/24
£
1,663,981
139,795
249,323
-
540,996
61,359
2,655,454

36

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

8. SUPPORT COSTS

Salaries
Office Accommodation
IT Equipment and support
Office and admin costs
Salaries
Office Accommodation
IT Equipment and support
Office and admin costs
9.
GOVERNANCE COSTS
Fees payable to auditor (note 10)
Legal Fees
Salaries
Consultancy Fees
Trustee Expenses		 Community
Projects
£
52,079
18,414
22,424
24,307
117,224
Community
Projects
£
48,750
18,866
30,684
16,422
114,722		 Training
£
-
-
-
-
-
Training
£
-
-
-
-
-		 Borough
and other
outreach
work
2024/25
£
£
158,274
210,353
55,961
74,375
68,151
90,575
73,871
98,178
356,257
473,481
Borough
and other
outreach
work
2023/24
£
£
181,128
229,878
70,094
88,960
114,035
144,719
61,017
77,439
426,274
540,996
2024/25
2023/24
£
£
20,903
20,678
35,034
1,381
18,338
17,460
50,400
21,840
12
-
124,687
61,359

37

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

10. NET INCOME FOR THE PERIOD

This is stated after charging:
Depreciation
Operating lease rentals
Fee payable to auditor:
Audit
Payroll Services		 2024/25
£
89,275
10,751
100,026
13,500
7,403
20,903		 2023/24
£
74,685
12,064
86,749
12,800
7,878
20,678

11. TANGIBLE FIXED ASSETS

Furniture
& Fixtures
£
COST
At 1 September 2024
16,224
Additions
-
Disposals
-
At 31 August 2025
16,224
DEPRECIATION
At 1 September 2024
9,599
Charge for the year
1,622
Eliminated on disposal
-
At 31 August 2025
11,221
NET BOOK VALUE
At 1 September 2024
6,625
At 31 August 2025
5,003
DEBTORS
Income tax recoverable under gift aid scheme
Other debtors
Prepayments and accrued income		 Furniture
& Fixtures
£
16,224
-
-
16,224
9,599
1,622
-		 Motor
Vehicles
£
473,654
73,801
(26,604)
520,851
244,539
79,242
(26,604)		 Equipment
£
110,228
1,780
(823)
111,185
99,297
8,411
(748)		 Total
£
600,106
75,581
(27,427)
648,260
353,435
89,275
(27,352)
297,177
229,115
223,674		 106,960
10,931
4,225
2024/25
£
65,409
91,730
44,791
201,930		 415,358
246,671
232,902
2023/24
£
86,155
141,521
174,574
402,250

12. DEBTORS

38

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

13. CREDITORS: amounts falling due within one year

PAYE and Social Security
Other creditors
Accruals and deferred income		 2024/25
£
45,658
54,033
291,045
390,736		 2023/24
£
37,710
86,170
360,401
484,281

Accruals and deferred income includes deferred income of £269,777 all of which arose in the year (2023/24 - deferred income of £347,801). The income has been deferred at year end on the basis that money received in the current year relates to projects to be undertaken in future years.

14. RESTRICTED FUNDS

1
Bus project funds
2
Vehicle Capital Fund
3
Exclusion Reduction
Programme
4
Mentoring funds
5
Arts funds
6
Employability funds
7
Sports funds
8
Literacy & Numeracy
9
Impact Project
(Capacity)
10
Youth First Legacy
Project
11
Other funds		 1st
September
2024
£
-
6,304
-
80,499
39,511
188,269
-
13,549
-
-
15,689
343,821		 Income
Expenditure
£
£
267,159
267,159
50,500
-
525,477
525,477
258,702
323,783
50,724
90,235
186,206
245,428
42,353
42,353
50,140
63,689
38,000
38,000
40,000
40,000
17,491
16,096
1,526,752
1,652,220		 Transfers
between
funds
£
-
-
-
-
-
-
-
-
-
-
-
-		 Transfer
to/(from)
Unrestricted
Fund
£
-
52,369
-
-
-
-
-
-
-
-
-
52,369		 31st
August
2025
£
-
4,435
-
15,418
-
129,047
-
-
-
-
17,084
165,984

  1. 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 included the City Bridge Foundation, the Royal Docks Trust, the United , the London Borough of Lambeth, the Greenwich Healthier Communities Fund, and the National Lottery Community Fund.

  2. The Vehicle Capital Fund relates to funds used for vehicle purchases and conversion to mobile youth centres. In this year, a grant from The Story of Christmas enabled the purchase and conversion of a van for use in places our buses cannot access. The transfer of £52,369 to the fixed asset fund relates to the

39

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

costs of this purchase and conversion, as well as the design and provision of external graphics on a minibus purchased in the previous year.

  1. 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 from mainstream education. This has become the primary focus of our borough projects. Larger donors this year included The Charity of Sir Richard Whittington, The Stewarts Foundation, The MAPP Charitable Foundation, and the National Lottery Community Fund.

  2. Mentoring includes both one-off and multi-year grants for the operation of the Mentoring programme, from organisations including the Greater London Authority, the Sisters of the Holy Cross Charitable Trust, Man Group, and the Souter Charitable Trust.

  3. Arts Funds funding from the National Lottery Community Fund, the Benefact Trust, the Mayor of London, and others, for projects that promote the practice and expression of performing arts, including our mobile recording studio.

  4. Employability Funds towards our Ready to Work, Young Leaders, Job Creation, and Youth Advisory Group programmes, including grants from the Horlock Educational Trust, the National Citizen Service Trust, Landsec, the John Lewis Partnership Foundation, and others.

  5. Sports Funds to support sports projects including football sessions, gym sessions, a running club, and a cycling club. Larger donors this year included the National Lottery Community Fund, Transport for London, the HS2 Community and Environment Fund, and the Greenwich Healthier Communities Fund.

  6. Literacy & Numeracy grants from trusts and companies including The Charity of Sir Richard Whittington, the JJ Charitable Trust, and the Mayor of London, towards the promotion of literacy and numeracy skills in schools. This project connects closely with our Exclusion Reduction Programme.

  7. Impact Project (Capacity) the funding received and expended this year relates to the major overhaul of our impact recording database.

  8. Youth First Legacy Project this grant was received for youth work in the London Borough of Lewisham and was used to support young people through the Exclusion Reduction Programme, the Literacy and Numeracy project, Sports activities and the Bus project across the borough.

  9. Other Funds includes funding received specifically for the core running costs of the charity from The Charity of Sir Richard Whittington as well as other smaller projects.

40

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

1
Bus project funds
2
Vehicle Capital Fund
3
Exclusion Reduction
Programme
4
Mentoring funds
5
Arts funds
6
Employability funds
7
Sports funds
8
Literacy & Numeracy
9
Impact Project
(Capacity)
10
Other funds		 1st
September
2023
£
-
87,043
15,000
126,931
46,711
179,023
21,667
83,849
-
14,029
574,253		 Income
Expenditure
£
£
186,260
186,260
-
-
475,127
490,127
280,252
326,684
126,373
133,573
304,302
295,056
29,111
50,778
103,040
173,340
112,000
112,000
30,680
29,020
1,647,145
1,796,838		 Transfers
between
funds
£
-
-
-
-
-
-
-
-
-
-
-		 Transfer
to/(from)
Unrestricted
Fund
£
-
80,739
-
-
-
-
-
-
-
-
80,739		 31st
August
2024
£
-
6,304
-
80,499
39,511
188,269
-
13,549
-
15,689
343,821
  1. 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 included the City Bridge Foundation, the Garfield Weston Foundation,

.

  1. The Vehicle Capital 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 service during the year. The transfer of £80,739 to the fixed asset fund relates to the costs of this conversion.

  2. 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 from mainstream education. This has become the primary focus of our borough projects. Larger donors this year included Charitable Foundation, and the National Lottery Community Fund.

  3. 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 of the Holy Cross Charitable Trust, and Compass Wellbeing CIC.

  4. 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 studio.

  5. Employability Funds towards our Ready to Work, Young Leaders, Job Creation, and Youth Advisory Group programmes, including grants from the Citi Foundation, the Horlock Educational Trust, the City of London Corporation, the National Citizen Service Trust, Landsec, and others.

  6. Sports Funds to support sports projects including football sessions, gym sessions, a running club, and a cycling club. Larger donors this year included the National Lottery Community Fund, National Grid, Sport England, and Transport for London.

41

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

  1. 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.

  2. Impact Project (Capacity) the funding received and expended this year relates to the major overhaul of our impact recording database.

  3. Other Funds includes funding received specifically for the core running costs of the charity from The Charity of Sir Richard Whittington as well as other smaller projects.

15. UNRESTRICTED FUNDS

General
Funds
Fixed Asset
Funds		 1st
September
2024
£
704,698
246,671
951,369		 Resources
to fund
fixed assets
£
-
75,581
75,581		 Net
Resources
Generated/
(Utilised)
£
(154,900)
(89,350)
(244,250)		 Transfer
from
Restricted
Fund
£
52,369
-
52,369		 Transfer
from
General
Fund
£
-
-
-		 31st
August
2025
£
602,167
232,902
835,069

The Fixed Asset Fund represents the amount of charity funds utilised in capital investments in the charity's motor vehicles (including 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.

General
Funds
Fixed Asset
Funds		 1st
September
2023
£
874,210
211,297
1,085,507		 Resources
to fund
fixed assets
£
-
110,590
110,590		 Net
Resources
Generated/
(Utilised)
£
(250,251)
(75,216)
(325,467)		 Transfer
from
Restricted
Fund
£
80,739
-
80,739		 Transfer
from
General
Fund
£
-
-
-		 31st
August
2024
£
704,698
246,671
951,369

The Fixed Asset Fund represents the amount of charity funds utilised in capital investments in the charity's motor vehicles (including 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.

42

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

16. COMMITMENTS UNDER OPERATING LEASES

At the year end, the charity had total commitments under non-cancellable operating leases as set out below.

Not later than 1 year
Later than 1 and not later than 5 years
Later than 5 years		 Total
2025
£
10,751
22,397
-
33,148		 Total
2024
£
10,751
33,148
-
43,899

17. ANALYSIS OF NET ASSETS (between restricted and unrestricted funds)

Restricted
Unrestricted
- General Fund
- Fixed Asset Fund		 Tangible
fixed
assets
£
-
-
232,902
232,902		 Other net
assets
£
165,984
602,167
-
768,151		 2024/25
Total
£
165,984
602,167
232,902
1,001,053
Restricted
Unrestricted
- General Fund
- Designated Fund		 Tangible
fixed
assets
£
-
-
246,671
246,671		 Other net
assets
£
343,821
704,698
-
1,048,519		 2023/24
Total
£
343,821
704,698
246,671
1,295,190

43

XLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2025

18. RELATED PARTIES

The charity received donations without conditions from Trustees in the year of £33,184 (2024: £9,210). There were no other related party 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. EVENTS AFTER THE REPORTING PERIOD

On 26[th] January 2026, the charity entered into a licence under faculty for rent of £20,000 per annum for a period of ten years with the option to terminate the agreement on 31[st] December 2030.

44