LAMBOURNE END LIMITED *J•. .Jri ['..}￿ [.1 "i I (ID,.uccepllnll,¢ominunlty. th.qb,d.qve me'thet{7nliridn¢è,to pths CharltyaReglstr.atlon. N 1105063. LAMBOURDIE END LIMITED CONTENTS Page Reference and administration Trustees, report 4-13 Independent auditors, report 14-16 Statement of financial activities 17 alance sheet 18 Cash Flow Statement 19 Notes to the financial statements 20-31 Page 2 of31 .,LAMBOURNE EIQD LIMITED TrusteeslDlrectots: Tlmothy Andrew Richard50n (Chalrl Andrew Greetr7 (Treasurer) Rachel Grimwood Chrlstopher James Marianne Layburn Paul Mathias Caroline Rouse Co-opted.. Mike Cleary (Appointed 17, May 20241 Amanda ftidgwell (Appolnted 17, May 20241 Brian Sainsbury (Appointed 4, October 20241 Laura Sanchez IAppointed 4, October 20241 Resignations.. Amanda Rldgwell IResl£ned 24, January 2025 CEO & Company Secretary: Rob Gayler Reglstered offlce: Manor Road Lambourne End Essex RM4 INB Audttors: Clemence Hoar Cummings Riverside House 1-5 Como Street Romford RM7 7DN Bank; Unity Trust Ban1< Nlne Brlndley Plate Irmln8ham WIS 4AP Sollcllors: None appolnted at present Charlty Informatlon; Lambourne End Llmlted Is both a company re8lStered In England under Reglstration No. 05067695 and 8 reglstered charity under Reglstratlon No. 1105063. Governlng Deed: Memorandum and Artlcles of Assoclatlon Page 3 of 31 LAMBOLIRNE END LIMITED The Trustee5, who are also the Directors for the FILJrposes of company law, present thelr Annual Report and the audited financial statements for the year ended 31st March 2025 which have been prepared in accordance with the Statement of Recommended Practlce - Accounting and Reporting by Charities and the Companies Act 2006 and FRS 102 ISORPI 2019, STRUCTURE AND GOVERNANCE The Company was formed in 2004 orl8lnally wlth four members.. Aston-mansfleld, who is the Trustee of the Lady Trower Trust, whlch owns the slte, and three East London YMCAS (Clty, Forest and Hornsey- now North London YMCA}. The Company Is now dlrected by a Board of Independent Trustees which Meets every other Month, wlth the Chlef Executlve Officer ICEOI, Minutes Secretary other senior staff in attendance. as approprlate. The Bo?rd1s responsSble for ensurlng gooé governance, setting direction, establlshing policles and a business strate8y and plan, which the Chlef Executlve Officer is responslble for Implementlng. Between meetln8s he draw5 on the particular expertlse of Indlvldual truste@s, as approprlate. In addltlon, the Chalr meets wlth the CEO between Board meetings. The Board, whose members are the Trustees of the charity and Dlrectors of the Company. conslsts of indlvlduals who are passlonate about and committed to the work of the Charity. One Trustee posliion Is avallable for a nominated person bv Aston Mansfleld la foundlng member org3nlzation and representlng the Trower Trust). The collectlve experlence of the Board Ss planned to cover the maSr¢ functlons of the Company Iflnance, human r@sourtes, marketin& etc.) whllst also brlnglng sector expertlse such as health, education and tommor¢o. The Board contlnues to explore how to brin8 new faces and expertlse Into the governance of the charlty at what Is an Important stage of It5 development and any trustee vacancles are advert15ed widely, Appolnted board members are provldèd wSth the Charlty Commisslon roles and respon51bllltle5 of a trustee. undertake an Inductlon wlth the CEO, poll¢les and operatlonal procedures for the 8overnonce of the charlty and meet DBS and safeguardln8 requlrements. The Board operates effectlvely through other worklng groupslcommlttees - Flnanee,. fundraislng and marketln8,' human resource5,' Strateglc plannlng: IT and Infrastructure,, user forum. AIMS AND PUBLIC BENEFIT The company's ¢harltable obSerts are: To provlde or a5515t In the provlslon of facllltles for people of all ages wlth the object of Improvlng thelr condltlons of Ilfe and In the 5nterests of thelr splrltual, moral, soclal, educatlonal and physlcal welfare and to bulld the skills and capacltles of people and tommunltles. To provldo educational opportunliles for people of all ages Including envlronmental and conservatlon matters. To provide or assist In the provlslon of rellef from poverty. To promote, or asslst In the promotlon of, understandlng between Christlanlty and all f?Ith5, The Trustees believe that all these objects Inherently contrlbute publlc beneflt. Although fees are charged for servlces rendered, the Company ralses fund5that 5ubsldlse the trué tost cf provlslon, thus enabllng more underprlvlleged chlldren 2nd youn8 people to partlclpate. Corporate cllent groups en8agln8 In Corporate SocSal Responsibility represent only very small percentage of the groups uslng the Centre and although thelr employers beneflt Indlrectly, the prlmarv beneficiarles remalr7 the Indlvldual, and the Centre, a5 they complete much needed work to assist Its charitable work. The Trustees confirm that they h3ve complled wlth thelr duty to have regard to the publlc beneflt guldance published bv th¢ Charlty Comml$sion and in accordanca wlth sectlon 17 ¢f the Charities Act 2011. The maln alm of actlvities is to promote personal and soclal development opportunitles for chlldren and young people predominantly from London and Essex In an outdoor setting. Thls Is achleved throvEh the provision of a growlng range of ¢hallenglng outdoor actlvities and learnlng programmes, znd increasingly through the piovlslon of targeted alternatlve education servlces to support local schools 8nd authorlties and to provlde short break opportunltles for people with disabllltles or addltlonal needs. The Centre contloues to bulld a strong reputatlon for dellverlng programmes over a longer term with key clients that have a profound Impact on the Ilves of young people, raisin8 their COF)fidence. self-esteem, work skills and motivation, Page 4 of 31 LAMBOURNE END LIMITED tIMst.oe¥,ftep. OVERVIEW This year has seen the charity continue to bulld on It5 Strong performance and reputatlon whilst tackling some difficult challenges brought about by external factors and market conditions. We continue to see hlgh levels of need amongst youn& people land adultsl for help and suppori for mental health is5UÈS, alongslde Benuine concern amongst schools for how they can address many of these needs. For a number of years, we have known th3t most mainstream schools and or8anisations are oftet) less well eqtjlpped to tackle the huge varlety af issues that they are facing around anxiety amongst their stltdents, extremes of behaviour, reducing budgets and staff under pre55VTe. We have seen a conslderable ¥ise In requests for our serv¥ces as 5choo15 local authoritie5 See the real benefits of holistic learning using the outdoors. The Centre has heen operating near to full capacity for the past two years as we seek to balance what our staff team c3n dellver with the limits of our physical Infrastructure. We continue to have enqulries that we cannot satisfy easilv. Thls past year has seen us welcome a huge varlely of groups and indivlduals by offerlng Impactful programmes and events conslstent with levels of previou5 years. Our Impact report outlines levels of actlvity, groups, and individuals, oxamples ond storles. Flnancially, this year has seen Increases In income and costs, both of whlch 3re In Ilne with Board guldelines. Significantly, we are now seeing the impact on our budgets of the agree.d uplifting of our salary levels and bands intended to attract and retain our team members. Durlng the year, havlnB taken the declslon to Invest In a significant Push to raise our profile and seek to raise large sums that can be used to add to our infrastructure and in so dolngi allow us to Increase our capaclly to meet some of the pent- up demand for our services, the charlty set about build5ng its powerful case for support built around the impact we have on young Ilves and some of the Incredlbly Ii)spirlng stories that have come out of thelr experlences with us. This is an on8oiiig proletl that tho Board is fully supporlinai one key milestone being a major fiindraising event staged at the House of Lord5 in April 2024. This proved an Insplrlng event attended by over 100 Invited guests from a wlde range of orsaJii5atiot15 and hig17-prufiie IiiollvidLtdls thdt could become stron8 supporters. Thls year has seen ongoln8 work to $11Staln momentum and we are p2rtlcularly excited about the developing partnership wlth Fatlma Whiibread and her Inltlatlve around young peoples, future. At the end of thls flnanclal year. the Centre remalns In a solld flnanclal posltlon. To malntaln and grow Income, the CEO and team have revlslted our prlclng model and contlnue to explore ways to manage costs prudently, The centre Is explorlng solar energy PTovlslon for the slte and other option5 conslstent wlth our values and vlslon. Our reserves are at a level that the Board considers prudent and as such, the Board contlnues to evaluate posslble uses for Infrastructure and capStal Investment where we bellevè seeklng external fundraisinB wlll prove dlfflcult. In comparison to 31" March 2024: Annual income increased by £59,343 from £1,261,526 to £1,320,869 Expenditure increased by £148,590 f¥om £1,247,109 to £1,395,599 Repoited a deficit of E74,830 compared to a surplus of £14,417 The Lloard conside15 Lambouine End Ltd to be very well posltloned to contlnue to deliver Ereat servlces and cement Its stron8 brand locally ill East London and Essex, and develop a wider reputation. Th@ Centre's strate8y has the followlng streams: l. Contlnue to focus on maintalnlng and developlng programme5 that meet the evolvlng needs of our communltles and voung people In particular. Proactively push to Increase our c3paclty to be able to meet our demand through promotlnE our message, evidenclng our Impact, and investing In Improvements to the site and facllltles. 3. Seek to attract, develop and retaln hSgh calibre people to lead and work at the Centre. The charity malntalns Its a¢¢redltations for British Actlvltles Provlders Assoclatlon IBAPAI, Adventure Mark, Learnlng Outslde the Classroom ILOtCI and meetlng the code of practice for green care. It contlnues to be a City and GLtilds approved Centre and has once again renewed Its OFSTEO reglstratlon for the delivery of holiday schemes for young people with disabilltles. Page 5 of 31 LAMBOURNE ENP LIMITED FEEDBACK AND MONITORING Each year we Ilke to Include some comments ènd feedback that we have recelved durlng the year 35 well a5 some facts and figures for the work we have delivered as an affirmatlon of how we are dolng. "We wont to thank all the staff who have been part of ourson'5 journey. Thank youfor moklng hlm welcome, for moking hlm Jeelsufe. It s been so long slnce he ha5felt thot. Because of everyslngle one of you, he hos Comesofar, He hos grown $0 much and has built so much confidence In hlmself. You are oll Jmozina. The Jobs you do are life changlngforso mony chlldren. Thank youlor allowlng ourson to be hlmselA." Parents olo Rurolstudles student. ***** .1 om writinq to expres5 my heartfelt gratltude for the exceptlonol experlence provlded durlng Saturday and Sunduy's expedltlon trolnlng. Your teom's metlculous plannlng and dedicotlon to ensurlng a sofe and memoroble adventure were truly outstondlng. The trt71nlng exceeded oll our expectation5, and I have no doubt thut the students golned un Involuable experlence ond Inslght they will cherish for year5 to come. Your commltment to providing a top notch experlen¢e dld not go unnotlced gnd Is deeply apprecioted. Thonk you to you and the Lambourne End team for the hard work ond dedicotlon, We are looklng Jorward to October when the students wlll embrace the great outdoors ond use the skllls they have leornt to navlgote Independently." StAnne's Cathollc High School ***** °We hudan obsolutely brilllont doy with youl Everyslngle member of staff and volunteer mode usleel Importont ondour four yeorold dt7ughter loved every mlnute of the actlvltles she chosel Thonk you to each ondeveryone olyou, We cannot wait until your next Open Doyl" ****• °wht7t WOS 50 incredible w¢75 yourstolA- I belleve every 51ngle chlldcame awoylrom the trlp hovlng done somethlng they may hove been scared of prevlously. There were many tlmes when some of our chlldren were nervous, and your team were patlent and understandlng ond managed to help the chlldren conquer theirfeors which was Incredlble to see. I'm sure ourchildren willcarry the happy memorles oltheirflrst resldentlolfor many years to come, and that Is thanks to the inclusive, welcomlng team spirit you have creoted at Lombourne End." Rodlng Prlmary School ***** Page 6 of31 LAM80URNE END LIMITED Page 7 Income by Revenue Streams Currently, 8% of our total income is obtained from fundraising and donatSon5, 4% from other sources, me3nlng that over 880A of our income is generated fram our educational programmes utilised by councils, schools, groups and Indlviduals. Income by revenue streams Iundiolsl￿s Don4tion5.EIOB,459, 8% Incotnpfvom othtr *J21,746, 25Y& F•rm & Env11￿￿me￿1, £100,975, 8 Lttrnbourn¢ End Ctr*lr¢ 13% Lt4rnlni Piogi•rnmes, É296,431, 11% Surplus l Deflclt by Charltable Actlvltles Overheads are allocated based on employees In each class, the farm does not cross charKe Food for Thought, Hands On and Learning Programmes for the use of the Farm facilities. Overall, in 2025 charitable activities made a deficit of £1122,0421,12024.' £160,382)) SurpluslD•flclt by Chirlt&bl* a¢tlvltles 1450.¢ £4th).OtsD £350.( ¢327,746 tIP$,I31 50,( I•2￿1$ £20a,A29 iioo,c t161.169 t155,9M £150.L EIOO.973 £1￿,000 li. £fj7.QDg f73.176 EQ mnyt5 QLwne EDoc & EnV1F0M￿Th¢ ndson fL￿dPDrTh￿knt .E50 .tico,r Incol￿ ￿L￿Pen Page 7 of 31 LAMBOURNE END LIMITED - Trust¢es RepoIt,foÈ,.tF!¢ ye9'r en4¢-d 31¥t Marcli-.2025 Page 8 Top 15 Sales Over £10,000 2024125 Top 15 Total £580,811 Top 15 Sales Over £10,000 2023124 04knPiikH1ths(hD￿II114S ti4wkn•mD•¢k¥lth,£lJ,150 Ad¥*wmA¢4d￿¥s￿￿￿#I,IIlOl? SOYI•IP4tkSÉho•l,E15,100 U47.780 W•IIII41thHtshs¢ho￿ £1 ud•r ÉY1￿5 5tJohh'iHC*hod,EisJaD Top Isyotal £578.286 Page 8 of 31 , iAM.tsO.URNE END LIMIT.ED DEVELOPMENT GOALS Progress on Development goals for 2024-25 Slte and facilities Complete the work Plne classroom Completed and occupled with positive userfeedback. We wlll work to replace a number of sections of our external and internal fencin& starting with the low ropes and team bullding areas. Completed low ropes fencing, other internal and external sectlons with support from CorporGrte Sociol Responsibility team visits Iremuins ond on going project). We alm to refurblsh and Improve Hornbeam. Willow and Green Hut facllitles. Hornbean? conversion to gender neutralfacilitie5 with decklng nnd outside wushingfacilities is 60% tomplete. The Green hut has been fully Insulated and repfJinted, Work on Willow hos been deferred untll specificfunding is obtoined. We wlll upgrade the IT Server, Completed, We will acqulre a ULEZ compllant mlnlbus using the Lottery grant. MlnibiJ.s acqijired and operational. We alm to ropl?¢e the wlndows In the warden's house, Deferred. Complete constructlon of our dedl¢ated Axe throwlng areas and the carry our slgnlflcant malntenance of the ropes course followlng the loss of slgnlflcant trees. Both sets of work were completed. Type of work. Programmas To Increase the capaclty of some of our re8ular learnlnB pro8rammes and ensure that we can meet the demand as far as posslble for places on these programmes and for other enrlchment programmes. Funded by Ernest Cook, Introduced u Nest School pllotproject wlth Drapers Academy to develop o programmed dedlcoted to Improvlng heulth and wellbelng. Recelved vlolence ond vulnerobllltyfundlng to run o BRAVE pothwoys programme In 25/26. Revomped our Common Ground programme to ensure It remalns relevant to IocGtI need, reody to go live in 25/26. To contlnue to develop how we monltor and evaluate our work to ensure we are able to provide high qualitv pro8ress reports to referral organlsations and to enable us to measure our effectlvenes5, We produced a number of resources Includlng case studies ofpersonal storles and a number of shortlllms that evldence the value and Impuct of our work. To Increase opportunltSes that do not Impact on our maximized capaclty, such as Increaslng Corporate Volunteerlng Day5, adventure academy and other out of peak hour aetlvltles. We worked wlth 3 componles attendlng 5 Corporote Social Responsibllity days t7nd we hove beoun developing relatlonshlps wlth others, Partnershlps, CommunSty and Proflle To share our Case for support more wldely to 8enerate funding and partnershlps that wlll help to Increase our capacltv We lounched our CGsefor support 17t the House of Lords ond ron a number offvllow up events at the centre ond contlnve to shore otsrstory 05 wldely os posslble. Development goals for 2025-26 Slte and facllltles We will work to replace a number of Sections of our external fenclng and Ilghtlng to increase slte securSty. along wlth internal fencing. We will be replacing the windows In the warden's house. We are modlfying the Pig pens to reduce the rlsk of Injury to them and staff, along wlth Inst311inE auto-troughs to help lessen water wastage, We wlll upgrade the IT systems to ensure they can use Wlndows 11, We are upgrading and repairing our paths with fundin8 received. We alm to complete the work on Hornbeam toilet/shower block. thls may requlre fundlng. Page 9 of 31 iAMaouRNÈ END LIMITÈD *trusteqs.:kebo: F>age 10 We also aim to carry out work on the InstrLtctor's offices. upgrade doors and add new facilltles for storing the mowers. If fundin8 is recelved then we will acquire ULEZ compllant mlnlbuses, improve staff parkingi upgrade the trlm trail and replace bunk beds, We will contlnue to seek funds and planning permlsslon for our Solar PV installation. Type of work- Programmes To increase the capaclty of some of our regular learnlng programmes and ensure that we can meet the demand as far as possible for places on these programmes and for other enrlchment programmes. To contlnue to develop how we monltor and evaluate our Work to ensure we are able to provide high qu81ity progress reports to referral organlsatlons and to enable us to measure our effectSvenoss. To market and publl¢lse Corporate Volunteerlng Days. adventure academy and other out of peak hour activitSes. Partnershlp5, Communlty and Proflle To share our case for support more wldely to generate fundlng and partnershlps that wlll help to Increase our tapaclty. To launch our updated webslte and target our use of soclal medla to Improve our on-line presence. FUNDRAISING To maximise the return on Investment of the House Of Lords project by followlng up on leads generèted. To contlnue to relnforce our fundraising approach by implemei)tln8 our updated strategy and to Ifial ihe use of external fundraiser for speclflc plecès of work. The Trustees appreclate the role that fundralslng plays In our success and thank the staff and numerous volunteers who raSse money for us through a varlety of means as well as supportlng us on the Fun Days when we open the Centre to the public. We are very grateful to the maln benefactors who have ¢ontrlbuted funds to support the work of the Centre: Charles S French DWF Foundatlon Ernest Cool( Trust Essex Communlty Foundation Essex County Council Essex Police and Fire Service Essex Youth Trust Geroge W Herbert Hlscox Foundatlon lack Petchey Foundation London Farmers Garden A550ciation Skipton Building Societv Commlssloned by.. London BorouBh of Haverlng London Borough of Redbrldge Fundralslng pollcy We are commltted to ensurlng that we are completely open about our fundralslng and Spending and follow the Code of Fundralsing Pra¢ti¢e, We undertake fundraisin8 actlvltles to our supporters vla formal applicatlons, dlrect mall and dlrect contact at events, whlch Is manaBed by the Centre's Fundralsing Coordinator. We do not use any third partle5 to assist with ralsln8 funds dnd h*Jve hild no iomplaint5 duiin8 th15 flnanclal year 12024: none). We did not receive any complalnts wlth regards to our fundraising activity In the year12024'. nonel. Page 10 of 31 LAMBOUIIKE EN[) LIMITED Page.11 FINANCIAL REVIEW Financial year 1st April 2024 to 31" March 202515 referred to as .2025. and flnancial year I" Aprll 2023 to 31 March 2024 Is referred to as .2024" The total income was £1,320,869 12024 £1.261,5261. Expenditure rose to £1,395,699 12024,. £1,247,109). The CEO continues to oversee careful controls of all expenditure and wise stewardship of the funds often generously raised and given. This trading performance resulted in a Deficit of £74.83012024'. SurplLÉS E14,4171 in general funds. Our cash position Ilncludlng Investments) Is still healthy but decieased by £138,818 against 2024. Thi5 15 partly due to us belng able to fund some of the refurbishment5 from previously Benerated funds, rather thèn through fundraising 5upport,' expenditure levels rose as predicted, due to a full year of new slaffing structures, salary uplifts and inflationary pressures. The charliy dld not recelve any legacy donatlons in 2025. The centre Is stlll running close to capacity and the teams are working closely with clients to achieve appropriate ififlation Increases. The Board expects that the Company wlll make a deflclt for financial year 2026 due mainly to the additional costs of Employers Nallonal Insurance contributlons and Mlnimum Wage Increases, this deficit is budgeted to be around LIOO,000. The Board then expects surpluses oi breakeven for the tomlng linanclal years, The trustees conslder the charlty to be In a healthy posltlon flnanclally. RESERVES The Company's reserves pollcy Is aimed at hulldin8 reserves to a level of slx months, expendlture, neces51tated largely by the peaks and trough5 in revenue income, although we do not experlence these fluctuatlons as a result of careful produ¢t and servl¢e portfollo management. Total funds at 31$¢ M8r¢h 2025 were £ 1,220,46012024: £1,295,290) of whlch E621,822 Is held In Flxed Assets (2024: £578,625), Of the remalnlng £598,638, £98,3671s related to Restrlcted Funds12024: £79,574), therefore leavlng £500,271 as avallable funds12024: 637,0901, of whlch £270,000 has been deslgnated as reseNes for operatlonal contingencles. The monthly Tunnin8 costs total approxlmately £108,IJOO per month, our target Is to keep a mlnlmum 013112 months runnlng costs avallable In Instant access accounts, namely £378,000. The Board understands we need a keen prlcing pollcy that represents great value for money whllst also acknowledglng our reputatlon ané quallty provislon, to support thls prlce115ts for two calendar years are agreed and Issued before the next flnanclal year beglns. The CEO 15 chaf8ed to ensure that the full cost of dellverlng the servlce Is recovered. Future new projects should further spread the Support costs, In turn reduclng the unlt cost of all programmes and hopefully wlll provlde addltlonal Income streams. RISK ASSESSMENT The r15k revSew has been updated and the Board is satisfied that undeslrable rlsks assocl¢lted with runnlng an adventure centre and farm are mana8ed approprlately. The comprehensive business risk review currently identlfles 63 separate risk and categorizes them by: Environrnent Finantlal Heolth and Safety The rlsk of o 5ignlficant accldent on-slte; thls Is mltlgated by havlng all actlvltle5 on site risk assessed with operational procedures for each, Includlng extensive staff trainillg and observatlons. All processes are checked externally as part of the CharStles accredltatlon with BAPA, Adventure Mark. LearninB Outside the Classroom and the Code of Practice for Greet) Care, Page 11 of 31 8oufiNE FNt) LIMITÉD Pa8e 12 Operatlonal - In trylng to meet the Increased demand there 15 a risk of overstretching the capacity of the centre, whlch could result in a decline in quality of delivery and loss of reputation. This risk is mitigated with clear strateglc objectives to prevent this happenlng. Personnel- Currently the board coTrslders this the most slgnificant rlsks to buslness are retalning key personnel and recrulting staff. The board agreed to a 4.4% salary increase for staff not on mlnlmum wa8e for the 2025 financlal. Physlcal Dlsaster ReÈulation strateglc Ratlng them on a scale of Intolerable, undeslrable, tolerable. All rlsks are ownÈd by the Boaid and key management personnel predomlnantly the CEO. All risks have actlons identified to be taken or completed and the rlsk revlew Is Presented to the Board annually uslng a RAG ratlng system. Th15 allows for monltoring of outstanding actlon5, KEY MANAGEMENT AND GOVERNANCE ROLES The Board remalns proactlve In plannln8for resourclng key roles In the ¢harlty, These are deemed to be CEO, Programmes Manager, Slte and Facilltles Manager, Flnance Manager and the Fundralsing and Marketlng Coordlnator, Pay ènd remuneration for all roles15 benchmarked agalnst the sector and the Human Resources Sub Commlttee revlews tl)Is annually and makes recommendatlons to the Board for approval. The Board has ¢ondu¢ted a su¢¢esslon plannlng exer¢15e for these key role5 which wlll be implemented over the comin yearl51, In addltion, the role of Chalr of Trustee51s becoming vacant with the retliement of TIM Richardson, longstandinE Chalr. The Board will embark on a thorough and rigorous process to recruit a new Chalr to take the charlty forwards from thls solld base, Page 12 of 31 LAMBOURNE ENO LIMITED Page 13 STATEMENT OF TRU5TEES' RESPONSIBILITIES The Trustees (who a￿ also directors of Lambourne End Limited for the purpose5 of company lawl are responsible for preparing the Trustees, Repoit and the financial statements In accordance with applicable law and Unlted Kingdom Accountlng Standards (United Kingdom Generally Accepted Accounting Practlcel. Company law requlres the trustees to prepare financ131 statements for each financial year whlch glve a true and fair view of the state of affalrs of the charitable company and of the incomlng resources and appllcatlon of resources, including the Income and expendlture, of the charltable company for that perlod. In prÈp3ring thesè flnaneial statements. the directors are requlred to: Select sultable accovntlng pollcles and then apply them con51stentlv,' Observe thè methods and prlnclples In the Charltles SORP FRS 102120191; Make judgements and estlmates that are reasonable and prudent; State whether appllcable UK Accounting standards have been followed, subject to any materlal departures dlsclosed and explained In the fSn3n¢lal statements; and Prepare the financlal statements on the golng concern basls unless It 1$ Inappropriate to presume that the charltable company wlll ¢ontlnue in buslness. The Trustees are responslble for keeplng proper accounting records that dlsclose wlth reasonable accuracy at any tlme of the Ilnanclal posltlon of the charStable company and enable them to ensure that the flnanclal Statements comply wlth the Companles Act 2006. They are also respon51ble for 5afeguardlng the assets of the charltable company and honce for taklng reasonable steps for the preventlon and dete¢tlon of fraud and other Irre8ularltles. In so far 0$ we •ro èware.. There 15 no relevant audlt Informatlon of whlch the charltable company's audltor Is unaware,, The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audlt Informatlon and to establlsh that the audltor15 aware of that Informatlon. Thls report has been prepared takln8 advantage of the small companies, exemptlon of sectlon 415A of the Companles Act 2006. Approved by the Trustees on 2510912025 and slgned on thelr behalf by: T A Rlchardson Ichalrl.. A C Green ITreasurer}: Page 13 of 31 LAMBOURNE END LlhAITED Page 14 . Independent Audltor's Report to the Members of Lambourne End Limited Oplnlon We have audited the financial statements of Lambourne End Limited (the 'charitable company'l for the year ended 31" Mèrch 2025 which comprise the Statement of Financial Activitles lincluding income & expenditure accountl, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including significant accounting polltles. The flnancial reporting framework that has been applied in theii preparation18 appllcable law and United Kingdom Accountin8 Standard5, including Financial Reporting Standard 102 The Flnanclol Reporting Standard opplicable in the UK and Republlc of Ireland (United Kingdom Generally Accepted Accounting Practlcel. In our opinion the financlal statement5'. glve a true and fair view of the state of the charitable company'5 affaSrs a5 èt 31st March 2025, and of its incominK resources and appllcation of resources. Including Its Income and expenditure, for the year then ended,, have k)een propeily prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the CompanSes Act 2006. Basls for oplnlon We conducted our audit in accordance wlth Internatlonèl Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the auditor re5pon5ibilities for the audit of the financial slalements section of our report. We are independent of the charitable company In accordance wlth the ethical requilements that are relevant to our audlt of the financlal statements In the UK, Including the FRC'S Ethical Standard, and we have fulfllled our other ethlcal responslbilltles In aecoidante wlth these requlrement5, We believe that the audlt evldence we have obtalned Is sufflclent and approprlate to piovlde a basls for our oplnlon. Concluslon5 relatlng to golng concern In auditlllg the financial statements, we have concluded that the trustees, use of the going concern basis of accountlng In the preparailon of the flnanclal statements Is appropriate, Based on the worl( we have performed, we have not Identlfled any material uncerlalntles relatlng to events or condltlons that, indivldually or collectlvely, may cast slgnlficant doubt on the charltable coinpany's abillty to tontlnue as going concern for a perlod of at least twelve rllonihs from when the financial statements are authorised for issue. Our responslbllltles and the rèsponsiblllties of the trustees Wlth respect to going concern are described in the relevant sections of tliis report. Other Informailon I'lie other Iiiformatlon comprlse5 the information included in the trustees, annual report, other than the flnanclal statements and our auditor's report thcreon. The trustecs are iesponsible for the other information. Our opinion on the flnanclal statements does not cover the other Informatlon and, except to the extent otherwise explicitly stated lrt our report, we do not express any form of aSSLfrance concluslon thereon. Our responslblllty Is to read the other Informatlon and, In dolng so, consider whether tlie other Information is materially inconsistent with the financial statements or ou¥ lmber 20?4 Is £1,689 lat 30th September 2023 Is £1,542). l.u. Operatlng Leases Expenditure 01) operatlng leases is accounted for on a stralght-llne basis over the lease duration. DONATIONS & LEGACIES 2025 2024 Unre5trirted Donations Ifrom individuals inc1115iveof GiftAidl 6,011 28,707 Le8acles 6,011 28,707 Page 2Zof 31 LAMBOURNE END LIMITED Page 23 LAMBOURNE END LIMITED NOTES TO THE FINANCIAL STATEMENTS {contlnued) FOR THE YEAR ENDED 31" MARCH 2025 INCOME FROM CHARITA8LE ACTIVITIES 2025 2024 Adventure Activities 376,889 345,036 165,409 101,912 67,714 205,943 1,262,903 360,550 269,322 Learnlng Progra mmes Lambourne l.nd Centre Facl Ilti es 168,993 91,123 75.100 224 249 Farm & Envi ronment Hands On Programme Food For Thought 1,189,337 Restricted income from charitable activitles in the year amounted to £ 102,44812024.. £78,410) INCOME GENERATED FROM FUNDRAISING ACTIVITIES The chority operates a small farm shop which sells a number ol souvenir and tuck shop items. The total income amounted to £14,36212024-. £13,764). These types of income are treated as income from fundraising activities, as the prlmary purpose of these sales are to generate funds for the charitV'5 wider activities, INVESTMENT INCOME Inveslment income relates to earned on cash held In short-term flxed deposlt accounts which amounts to £23,662 12024.. £15,167>. These deposlts are held with UK financial institutions Wlth maturity date5 of less than 12 months. OTHER INCOME Other Income for the year amounted to £13,92912024'. £14,551) and relates entirely to staff accommodation tontributlons. These amounts were received from employees residing in on-site accommodation and represent contributlons toward utlllly and malntenance costs. The accommodation 15 provided a5 part of the charitV'5 operatlonal arrangements, and these contribiitluns are considered other income, not arisinB from either charitable activitles or fundraisin8. All otlier income is unrestricted. NET INCOME FOR THE YEAR 2025 2024 This is stated after ¢liargS ng.. Depreci Lltion Auditors, remuneration - Audit fee 84,176 10,279 66,506 12,180 Page23of 31 'LAMdouRNE END LIMITED Pgge 24 EMPLOYEES AND STAFF COSTS 20Z5 2024 Staff costs were as follows: Wages and salaries social securitVCOsts Pens l on costs 814,533 S8,693 23,433 6,965 903.624 729,448 57,447 21,498 Other Staff costs 816.852 No member of Staff recelved remuneratlon exceedlng £60,000 during the peTiod12024'. £nill. Total employee benefits of the key manaBement personnel of the Trust were £334,55312024.. £329,796). There were no redundancy or termlnatlon payments In the year12024.. £nill. The management team of the charity are considered to be the., CEO, Programmes, Site and Facilities and Finance ManaÉers, Fundraising & Marketing) Adventurous Activities, Farm, Learning Programmes and Food For Thought, Coordinators. Staff Number5: (Full-tlme equlvalentl Tho weÉlple thls year utilisin8 the brought forward snd this years allocation. Essex CC V & V Grant Brave Furiding of £19,440 tu run slx 12 sessSon health and wellbelng programmes for young people In Epplng Forest to be delivered In 25126. Essex CC Path5 Fundlng uf £10,750 rece.lved to refurblsh our maln path network, to be completed July 2025. Essex Youth Trust- Obstatle Course Funding of £10,000 received to Support the build of an obstacle course, to be completed once fully funded. Jack Petchey FundinLJ of £18,000 for 80% of the salary cost for a Programmes ¢oordlnator, MlnSbus A grant from the national lottery was received for a ULEZ compliant mini bus, the mini-bus was acquired in May 2024. 17. ANALYSIS OF NET ASSETS General Fund Oe51gnated Fund Restrlcted Fund Total 2025 Tot(412024 Tangi ble fixed asset5 Current assets Current Ilablllties 621,821 270,000 621,821 782,806 {184,168) 5 78,625 893,873 fl 77,208J 414,440 1184,1681 98,366 Net A55ets 230,272 891,821 98,366 1,220,459 | 1,295,290 18. RELATED PARTY TRANSACTIONS Tlie charlty employs 3 close connections of the CEO la men)ber of key management) one in 8 full-time roSe128 hours per weekl and the others in seasonal employment. All roles are approved by Trustees and salary rates set by the board in Ilne wlth other simllar positlons and wlthout the Influence of the CEO. There were no other related party tr3nsactions12024: none). 19. TAXATION Lambourne Ei)d Llmited Is a registered charity and therefore 15 not liable to Income tax or corporation tax 01) Income or gains derived from its charitable activities, as they fall within the various exempllons avallable to registered charities. 20. LIABILITY OF MEMBERS The charity is constituted as a ctsmpany Ilmited by guarantee and has no share caplt21. Pagè 29 of 31 LAMBOURNE END LIMITED ,~FiaEe.jO 21. PENSION COMMITMENTS The charity operates a defined contributions pension scheme. Pension costs for the period have been charged at £23,43312024: £17,940], as outlined above. The year-end pension creditor is £4,93212024.. £nill. 22. COMMITMENTS The charity classifies its photocopier as an operating lease, and fees payable are accrued on a straight-line basis over the term of the lease. Total future minimum lease payments and charges under non-cancellable operation leases are as follows,. 2025 2024 Witln I year Between l a nd 5 yea rs At 31 March 3,564 1,812 3,564 5,376 5,376 8,940 23. COMPARATIVE ANALYSIS OF NET ASSETS General Fund Deslgnated Fund Restrlcted Fund Total 2024 Tangl ble flxed assets Current assets Currentllabllltles 578,625 270,000 578,625 893,873 1177,2081 544,299 1177,2081 79,574 Net Assets 367,091 848,625 79,574 1,295,290 Page 30 of 31 LAMbouRNE END LIMITED Page 31 LAMBOURNE END LIMITED NOTES TO THE FINANCIALSTATEMENTS Icontinuedj FOR THE YEAR ENDED 31" IVIARCH 2025 COMPARATIVE FUNDS Balance at 31 March 2023 Balance at 31 March 2024 Income Expenditure Transfers General Funds 1,224,118 1,183,116 11,227,0151 35,497 I,Z15,716 Restrlcted Funds Activlly equi pment.. Essex CC - Equi pment / Mi ni bus Percy Bi Iton Clia ri ty 386 451 837 386 451 837 Sub Tota I Ernest Cook- OWL5 Boshlef HI I ton Crossbow Mountal n BS kes,. Mt Bi kes.. Mt Bl l