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2023-03-31-accounts

Company registration number: 06608363 Charity registration number: 1124657

Essex Youthbuild Ltd

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2023

Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Essex Youthbuild Ltd

Contents

Reference and Administrative Details 1
Trustee' Report 2 to 6
Statement of Trustee' Responsibilities 7
Independent Examiner's Report 8 to 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Financial Statements 12 to 23

Essex Youthbuild Ltd

Reference and Administrative Details

Trustee J M Tarbun P J Brennan Secretary J M Tarbun Principal Office Unit 8 Hoffmanns Way Chelmsford Essex CM1 1GU Registered Office Unit 8 Hoffmanns Way Chelmsford Essex CM1 1GU The charity is incorporated in England and Wales. Company Registration Number 06608363 Charity Registration Number 1124657 Bankers CAF Bank 25 Kings Hill Avenue West Malling Kent ME19 4JQ Independent Examiner Lisa Greenwood FCCA Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Page 1

Essex Youthbuild Ltd

Trustee' Report

The trustee, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2023.

Objectives and activities

Objects and aims

Our main purpose is to provide training and education to disaffected and vulnerable young people, thereby improving their life chances.

We provide accredited vocational training in construction and work-related skills to young people from across Essex.

These young people may suffer from a range of disadvantages, including but not limited to:

We work with the following cohorts of young people:

• 16-19 year olds who are NEET (not in education, employment or training). These young people, for a variety of reasons, have not been able to gain or maintain a place at mainstream college and need to re-engage with education and training to avoid the lifelong disadvantage which results from being NEET at this age.

• 13-16 year olds are Key Stage 4 or about to enter Key Stage 4 at school. These young people come to us through a schools-funded programme as alternative provision to gain a vocational qualification as part of their school timetable. Young people come to us from mainstream schools as well as pupil referral units and some are referred by the local authority.

• Trade Club is a free, after-school fun activity on a Wednesday evening for young people aged 11-16 to come and learn some construction skills, make friends and build self-esteem and confidence. This programme does not lead to qualifications and is designed to address the need for young people to gain practical skills and grow their self-esteem as enjoyable relief from the highly academic focus of today’s education system.

Page 2

Essex Youthbuild Ltd

Trustee' Report

In addition to vocational qualifications, we offer 16-19 year olds assessment and training in Functional Mathematics and English to improve their employability. In this financial year, maths and English tuition was provided by sessional tutors, often on a 1:1basis. This can result in certification through City and Guilds at entry to Level 2 standard

Trainees are encouraged towards achieving a CSCS (Construction Skills Certification Scheme) Labourer/Operative card, the industry accepted measure of competency and safety on construction sites, promoted by the Construction Industry Training Board. (CITB). We aim to engage young people in education and work towards breaking down barriers to engagement by:

• Providing a highly flexible and modular training course where young people choose the modules that interest them to build a qualification that is both relevant to their aspirations and attractive to potential employers.

Objectives, strategies and activities

During the year under review, EYB worked with 79 young people on our mainstream KS4 and 16-19 years courses. This was consistent with the prior year where we worked with 82.

In addition, we continued to run a separate programme for the Level 1 Award in Health and Safety in a Construction Environment and preparation for the CSCS Test to gain a CSCS Card.

Essex Youthbuild continues to secure funding from a range of supporters, grant funding bodies and Trusts, allowing the organisation to deliver our range of projects – more detail of funding secured and from whom is shown in the notes to these financial statements.

Staffing continues to be kept under review, ensuring that the organisation maintains the right level of skills within the instructor group and in administration.

Public benefit

Our 16-19 NEET programme is all about re-engaging young people in education and training and preparing them for adulthood and the world of work. We view our Key Stage 4 project as a NEET-prevention programme, working with young people who have, or are at risk of disengaging with mainstream education and offering them an alternative route to further training, college or apprenticeship, regardless of whether that is in construction or another sector.

Being NEET at the young age of 16-19 is a major predictor of continued disadvantage in life and increases the risk that young people will develop more risky behaviours, engage in anti-social or criminal behaviour and will suffer from both mental and physical health problems. Being NEET at this age also adversely impacts an individual’s likely earnings over their lifetime, with earnings lagging those of contemporaries. Being NEET poses serious risks to health and livelihood and adversely affects their families, friends, communities, and society as a whole. A 2010 paper from Universities of York and Hull put the cost to the public purse of young people being NEET between the ages of 16 and 18 as being an additional £97,000 over the course of their lives. Without other adjustments, this figure equates to around £128,000 in 2019, so preventing 50 young people from being NEET at this age represents a saving to society, over their lifetime, of c£6.4 million.

The Trustees believe that the activities undertaken within the Charity, to fulfil its aims and objectives, are done so to further public benefit.

The trustee confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 3

Essex Youthbuild Ltd

Trustee' Report

Financial review

Income received during the year of £109,213 dropped considerably from the previous year (£289,210 – 2022) following the suspension of funding (see narrative below). Grants from Companies decreased from £42,000 in 2021-22 to £24,618 in 2022-23 following the change in management (see commentary).

The organisation benefitted from a funded 12-month intern post via the Jack Petchey Foundation, which ended during 2022-23, and supported an extra member of administration staff to cover maternity leave.

Staff costs dropped by 36% (2022 £179,675 / 2023 £114,239) following the changes made.

Policy on reserves

The current available reserves are £97,549, compared to £132,035 in 2022.

The Trustees review and set a target for free reserves level annually. The Trustee’s current reserves policy is to maintain a sufficient level of reserves to enable normal operating activities to continue over a period of between 6 and 9 months taking account of fluctuations in income and to mitigate potential risks and contingencies that may arise from time to time. Our current reserves level is at the very bottom end of this scale.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustee: Mr R Hazelhurst (resigned 12 August 2022) M R Lewis (resigned 12 January 2024) J M Tarbun P J Brennan

Chairman: M R Lewis (resigned 12 January 2024)

The Charity is seeking a new Chairman and is currently interviewing for this role. Secretary: J M Tarbun

Page 4

Essex Youthbuild Ltd

Trustee' Report

Structure, governance and management

Nature of governing document

Essex Youthbuild is a registered charity (No. 1124657) and a registered company limited by guarantee (No. 6608363). Essex Youthbuild’s governing document is its Memorandum of Association which was executed on 21 February 2008 and the charitable company was incorporated on 2 June 2008.

Recruitment and appointment of trustee

Essex Youthbuild is always open to recruiting new Trustees and as such, maintains an account on Reach – the volunteering site for professionals wanting to lend their services to charities. We also work with Volunteer Essex via the Council for Voluntary Service (CVS).

Induction and training of trustee

Essex Youthbuild maintains a Trustee application process and an induction programme for new Trustees to ensure they are both suited to the post and receive the support they need. Trustees are furnished with information on both Essex Youthbuild and their responsibilities as Trustees. Trustees are also expected to undergo an Enhanced DBS check as well as basic safeguarding and Prevent training.

Major risks and management of those risks

The Trustees regularly review the risks facing Essex Youthbuild and the methods of mitigating such risks as far as possible.

The Trustees have considered the major risks to which the charity is exposed and satisfied themselves that systems or procedures are established to manage those risks subject to compliance with our procedures

Page 5

Essex Youthbuild Ltd

Trustee' Report

Chairman's Comments

Essex Youthbuild has conducted a risk audit looking at liability, governance, operational, financial, external and compliance risks. Risk management/mitigation measures have been identified and implemented. Of particular note is the charity’s dependence on a relatively small number of income streams i.e., KS4 provision and grant funding. Essex Youthbuild is continuing to grow KS4 provision to encompass more schools as well as looking at additional revenue-generating activities.

Several Trustees had expressed some concern about the lack of information emanating from the Centre about finances, staffing, numbers of trainees and adherence to process. Trustees and referral clients reported difficulty in contacting the centre, and the Ops Director was often away from the office leaving more junior staff without support. Staff were changing regularly with information received about interviews given at very short notice. Some appointments were reported to Trustees retrospectively. The previous Chairman reported that he had met with the Ops Director and reiterated that Trustees must be consulted rather than being reported to retrospectively.

For the second time it was reported that the Ops Directors appraisal had left the interviewers concerned that the Ops Director did not seem to understand the role of Trustees or her accountability to them. Financial updates were very sparce. Trustees began to feel disengaged from EYB activity. The management of the Centre became chaotic as a result of a Chairman resigning at short notice in March 2022 with no handover.

The problem was caused by the former Ops Director being distracted by pursuing a skills and employment project without it being properly scoped or funded and initiated without trustee approval. This was exacerbated by EYB’s long standing Deputy Centre Manager being on maternity leave and the Ops Director failing to provide adequate cover during this period.

The new Chairman with the support of colleagues tried to establish a pattern of reporting and sharing of information with the Ops Director and gave all staff a briefing on the Role of Charity Trustees, but to little effect. In July 22, a meeting was called to get financial and operating information from the Ops Director. Unfortunately, the Ops Director failed to attend, and the Trustees reluctantly removed them from their role with immediate effect as we could not confirm that the organisation was being properly managed, in accordance with the EYB approval process and record keeping regime.

Once access to banking and financial information was regained, we found instances of unauthorised spending, funding sought and accepted without knowledge of Trustees. Accounts had not been properly kept, trainee records had not been updated and qualification processes not being followed which has caused the centre to be sanctioned by an awarding body for process failure. Fortunately, this did not detract from the quality of the instruction and results of our trainees. Where funding was accepted for new unauthorised projects the parties were contacted and advised of the situation. To date they have agreed for these to be re-purposed for other services that we provide.

The most devastating impact on the EYB operation was the suspension of grant from our major funder, severely restricting cash flow and our ability to fill vacant positions. The suspension was eventually formalised in late November 2022. This situation is now looking to have been resolved and funding is to be re-instated on confirmation.

A new finance administrator was appointed in September 2022 and updated the EYB accounts system for the months that had not been completed. Only he and one of two Trustees can authorise bank payments. We are confident that we can rebuild EYB and are grateful for the commitment and resilience of our remaining staff and the continuing support of our key referral clients.

The annual report was approved by the trustee of the charity on 31 January 2024 and signed on its behalf by:

......................................... J M Tarbun Company secretary and trustee

Page 6

Essex Youthbuild Ltd

Statement of Trustee' Responsibilities

The trustee (who are also the directors of Essex Youthbuild Ltd for the purposes of company law) are responsible for preparing the trustee' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustee to prepare financial statements for each financial year. Under company law the trustee 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 its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustee are required to:

The trustee are responsible for keeping proper accounting records that can 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.

The trustee are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustee of the charity on 31 January 2024 and signed on its behalf by:

......................................... J M Tarbun Company secretary and trustee

Page 7

Essex Youthbuild Ltd

Independent Examiner's Report to the trustees of Essex Youthbuild Ltd ('the Company')

I report to the charity trustee on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity’s trustee of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement - matter of concern identified

I have completed my examination. I have identified matters of concern that need to be included within my report.

As explained within the Chairman's comments on page 7, there were concerns regarding adherence to the Charity's procedures and processes.

The trustees were concerned to find unauthorised spending and funding being sought and accepted without their knowledge. There were also concerns regarding accounting records not being kept properly and trainee records not being updated.

During the year, Essex Youthbuild appointed a new finance director who has prepared and reconciled the accounting records that were used for the preparation of the financial statements and the individuals concerned in the matters above are no longer employed by the Charity.

I confirm that no other matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:

  1. accounting records were not kept in respect of Essex Youthbuild Ltd as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Page 8

Essex Youthbuild Ltd

Independent Examiner's Report to the trustees of Essex Youthbuild Ltd ('the Company')

...................................... Lisa Greenwood FCCA Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

31 January 2024

Page 9

Essex Youthbuild Ltd

Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Investment income
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net (expenditure)/income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
£
-
78,480
516
5,599
84,595
(120,508)
(120,508)
(35,913)
(750)
(36,663)
143,215
106,552		 Restricted
£
24,618
-
-
-
24,618
(82,287)
(82,287)
(57,669)
750
(56,919)
61,155
4,236		 Total
2023
£
24,618
78,480
516
5,599
109,213
(202,795)
(202,795)
(93,582)
-
(93,582)
204,370
110,788		 Total
2022
£
43,540
243,203
22
2,445
289,210
(275,799)
(275,799)
13,411
-
13,411
190,959
204,370

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 19.

The notes on pages 12 to 23 form an integral part of these financial statements. Page 10

Essex Youthbuild Ltd

(Registration number: 06608363) Balance Sheet as at 31 March 2023

Note
Fixed assets
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: Amounts falling due within one year
16
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
19
Unrestricted income funds
Unrestricted funds
Total funds
19		 2023
£
5,003
40,991
79,295
120,286
(14,501)
105,785
110,788
4,236
106,552
110,788		 2022
£
7,180
66,904
135,694
202,598
(5,408)
197,190
204,370
61,155
143,215
204,370

For the financial year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements on pages 10 to 23 were approved by the trustee.

The financial statements on pages 10 to 23 were authorised for issue on31 January 2024 and signed on their behalf by:

......................................... J M Tarbun

Company Secretary and Trustee

The notes on pages 12 to 23 form an integral part of these financial statements. Page 11

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

1 Charity status

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustee is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.

The address of its registered office is: Unit 8, Hoffmanns Way, Chelmsford, Essex, CM1 1GU.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Essex Youthbuild Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Judgements

Apart from those judgements involving estimations, management has not made any judgements in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the accounts.

Key sources of estimation uncertainty

There are no key assumptions concerning the future or other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Page 12

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Investment income is recognised once entitlement has been confirmed and amounts are measurable.

Charitable activities

Income from charitable activities comprise amounts due to the charity for the delivery of its activities and services, including income received from performance-related grants which have conditions that specify the provision of particular goods and services to be provided by the charity.

Other income

Other income relates to income outside of the charity's main objects and this year includes employment allowance as well as other miscellaneous items.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including independent examination fees, strategic management and trustees’ meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 13

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Fixtures and Fittings 25% Reducing balance/33% Straight Line Equipment 25% Reducing balance

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 14

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Grants from companies
4
Income from charitable activities
Income from charitable activities
5
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits
6
Other income
Other income
Gains on sale of tangible fixed assets
for charity's own use		 Unrestricted
General
£
-
-
-
Unrestricted
funds
General
£
78,480
Unrestricted
General
£
516
Unrestricted
General
£
5,599
-
5,599		 Restricted
£
-
24,618
24,618
Restricted
funds
£
-
Restricted
£
-
Restricted
£
-
-
-		 Total
2023
£
-
24,618
24,618
Total
2023
£
78,480
Total
2023
£
516
Total
2023
£
5,599
-
5,599		 Total
2022
£
1,540
42,000
43,540
Total
2022
£
243,203
Total
2022
£
22
Total
2022
£
2,137
308
2,445

Page 15

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

7 Expenditure on charitable activities

Unrestricted

Note
Materials
Project costs
Other staff & training
costs
Rent and rates
Office Expenses
Travel expenses
Charitable donations
Bank charges
Depreciation
Staff costs
11
Governance costs
8		 General
£
517
1,721
10,342
17,849
11,339
2,076
180
102
2,462
70,209
3,711
120,508		 Restricted
£
6,143
3,818
5,915
20,474
703
1,204
-
-
-
44,030
-
82,287		 Total
2023
£
6,660
5,539
16,257
38,323
12,042
3,280
180
102
2,462
114,239
3,711
202,795		 Total
2022
£
5,014
7,032
18,976
36,147
15,340
9,263
-
106
1,836
179,675
2,410
275,799

8 Analysis of governance and support costs

Governance costs

Unrestricted

Unrestricted
Independent examiner fees
Examination of the financial
statements
Other professional fees		 General
£
3,354
357
3,711		 Restricted
£
-
-
-		 Total
2023
£
3,354
357
3,711		 Total
2022
£
2,040
370
2,410

Page 16

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

9 Net incoming/outgoing resources

Net (outgoing)/incoming resources for the year include:

Profit on disposal of tangible fixed assets
Depreciation of fixed assets		 2023
£
-
2,462		 2022
£
(308)
1,836

10 Trustee remuneration and expenses

No trustee, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

11 Staff costs

Wages and salaries
Social Security costs
Employers pension contributions
Total		 2023
£
103,879
9,032
1,328
114,239		 2022
£
163,284
14,546
1,845
179,675

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

Average head count

2023 2022
No No
5 7

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £16,801 (2022 - £49,989).

12 Independent examiner's remuneration

12 Independent examiner's remuneration
Examination of the financial statements
Other professional fees
All other services		 2023
£
3,354
357		 2022
£
2,040
370

13 Taxation

The charity is a registered charity and is therefore potentially exempt from taxation.

Page 17

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

14 Tangible fixed assets

Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
15 Debtors
Trade debtors
Prepayments
Accrued income
Other debtors
PAYE and NIC
16 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 Fixtures and
Fittings
£
45,262
285		 Equipment
£
42,721
-		 Total
£
87,983
285
88,268
80,803
2,462
83,265
5,003
7,180
2022
£
52,639
2,917
-
10,329
1,019
45,547 42,721
39,080
2,213		 41,723
249
41,293 41,972
4,254 749
6,182 998
2023
£
11,018
4,640
17,208
8,125
-
40,991
2023
£
5,455
863
6,287
1,896
14,501
66,904
2022
£
3,633
-
455
1,320
5,408

17 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £1,328 (2022 - £1,845).

Page 18

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

18 Commitments

Other financial commitments

The total amount of other financial commitments not provided in the financial statements was £59,356 (2022 - £94,356).

Page 19

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

19 Funds

Unrestricted funds
General
Unrestricted
Designated
Dilapidation fund
Other
Charis Trust
Essex Youth Trust
Charles S French Charitable
Trust
Total unrestricted funds
Restricted funds
Jack Petchey Awards
Essex Community Foundation
B&CE Grant
BBC CIN Trade Club
CIF
PCF Internship
Big Lottery
Vinci UK
Jack Petchey Equipment
Westminster/ Grosvenor
JPF Achievement Award
JPF Internship
Planter Fund
Total restricted funds
Total funds		 Balance at 1
April 2022
£
129,925
4,000
2,290
5,000
2,000
9,290
143,215
361
5,990
8,055
5
10,031
1,406
11,454
7,000
941
3,580
1,456
10,806
70
61,155
204,370		 Incoming
resources
£
84,595
-
-
-
-
-
84,595
-
15,000
-
9,618
-
-
-
-
-
-
-
-
-
24,618
109,213		 Resources
expended
£
(120,508)
-
-
-
-
-
(120,508)
-
(20,988)
(8,055)
(9,623)
(10,031)
-
(12,204)
(7,000)
-
(3,580)
-
(10,806)
-
(82,287)
(202,795)		 Transfers
£
(750)
-
-
-
-
-
(750)
-
-
-
-
-
-
750
-
-
-
-
-
-
750
-		 Balance at
31 March
2023
£
93,262
4,000
2,290
5,000
2,000
9,290
106,552
361
2
-
-
-
1,406
-
-
941
-
1,456
-
70
4,236
110,788

Page 20

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

Unrestricted funds
General
Unrestricted
Designated
Dilapidation fund
Other
Charis Trust
Essex Youth Trust
Charles S French Charitable
Trust
Total unrestricted funds
Restricted
Jack Petchey Awards
Essex Community Foundation
B&CE Grant
BBC CIN Trade Club
CIF
PCF Internship
Big Lottery
Emergency Rent - ECF
John Lewis
Vinci UK
Jack Petchey Equipment
Westminster/ Grosvenor
JPF Achievement Award
JPF Internship
Planter Fund
Total restricted funds
Total funds		 Balance at 1
April 2021
£
113,490
4,000
2,290
5,000
2,000
9,290
126,780
361
5,990
17,471
4,157
31
1,406
29,952
850
1,000
-
941
-
-
-
-
62,159
188,939		 Incoming
resources
£
120,236
-
-
-
-
-
120,236
-
-
10,000
-
10,000
-
105,524
-
-
7,000
-
15,000
2,000
18,850
600
168,974
289,210		 Resources
expended
£
(109,763)
-
-
-
-
-
(109,763)
-
-
(16,474)
(4,152)
-
-
(124,022)
(850)
-
-
-
(11,420)
(544)
(8,044)
(530)
(166,036)
(275,799)		 Transfers
£
5,962
-
-
-
-
-
5,962
-
-
(2,942)
-
-
-
-
-
(1,000)
-
-
-
-
-
-
(3,942)
2,020		 Balance at
31 March
2022
£
129,925
4,000
2,290
5,000
2,000
9,290
143,215
361
5,990
8,055
5
10,031
1,406
11,454
-
-
7,000
941
3,580
1,456
10,806
70
61,155
204,370

Page 21

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

The specific purposes for which the funds are to be applied are as follows:

The unrestricted fund relates to general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

The designated fund relates to funds that have been set aside to take into consideration the dilapidations of the rented building that houses Essex Youthbuild Ltd.

Restricted funds:

Jack Petchey Awards - EYB is part of the Jack Petchey Achievement Awards Scheme

Essex Community Foundation - A grant for three places on a construction course: #IWill Grant- Grant given to the Charity to encourage young people in social interaction.

B&CE Grant- A grant to c over all areas of the course for NEET, inclusive of H&S L1, CSCS cards, English and maths qualifications.

BBC CIN Trade Club- A grant from Children in Need to run trade club for students.

CIF- A grant allotted to upgrade the electrics at a leased property and build two new classrooms. The expectation is the work will exceed £10,000, with the additional cost being taken from the core funding.

PCF Internship - Funds provided to employ a young person.

Big Lottery - This grant has been awarded so we can provide 3 days per week construction skills, along with maths and English for NEET and YOT young people 16-19 years old. It's a restricted grant, that covers all core costs relating to the Monday to Wednesday, 3-day course, this includes Health and Safety L1 and the CSCS course and qualifications.

Vinci UK Foundation - This grant was originally provided to be spent on the purchase of a minibus to transport students to and from remote sites. As agreed with the donor, the Trustees re-purposed the grant and spent all the money within the year.

- Jack Petchey Equipment This grant was provided to purchase enrichment activity equipment for the students.

Westminster Foundation - This grant was provided to pay the salary of our electrician instructor and the extension of the electrical work area.

JPF Achievement Award - Awarded to a young person in recognition of achievement whilst at the centre. The young person chooses an event\activity\purchase with the award money.

JPF Internship - Funding for an intern, Rebecca East.

Planter Fund - This grant was provided to purchase materials to make planters.

Page 22

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

20 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted funds
General
£
Designated
£
5,003
-
112,050
4,000
(14,501)
-
102,552
4,000
Unrestricted
General
£
Designated
£
7,180
-
137,443
4,000
(5,408)
-
139,215
4,000		 Restricted
funds
£
-
4,236
-
4,236
Restricted
£
-
61,155
-
61,155		 Total funds at
31 March
2023
£
5,003
120,286
(14,501)
110,788
Total funds at
31 March 2022
£
7,180
202,598
(5,408)
204,370

21 Related party transactions

There were no related party transactions in the year.

Page 23