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← Essex Youthbuild

2025-03-31-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 2025

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

Essex Youthbuild Ltd

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 7
Statement of Trustees' Responsibilities 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Financial Statements 12 to 22

Essex Youthbuild Ltd

Reference and Administrative Details

Trustees J M Tarbun, Acting chairman P J Brennan C J Bickers 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 Mark Pearson FCA Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Page 1

Essex Youthbuild Ltd

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2025.

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.

• 14-16 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.

Page 2

Essex Youthbuild Ltd

Trustees' 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 1:1 basis. 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:

• Simulating a workplace environment where young people are treated with respect and given responsibility and where they can learn key employment skills

• 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, Essex Youth Build continued to provide valuable training, support, and guidance to young people looking to build their skills and confidence for a career in the construction industry.

Training and Qualifications:

Essex Youth Build remains committed to empowering young people with the skills, qualifications, and mindset needed for long-term success thus creating lasting change for individuals and communities alike.

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. At present all the staff are part-time to save on payroll costs.

Page 3

Essex Youthbuild Ltd

Trustees' Report

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 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.

Financial review

Income received during the year was £188,506 (previous year £92,717) after re-instatement of Lottery Funding, a grant of £5,000 from Essex Community Foundation and a small increase in income from Charitable activities of £7,324 (2025 £72,176 / 2024 64,852).

Staff costs were again less than prior years as we continued to try and monitor core costs (2025 £58,652 / 2024 £73,649).

The lease agreement was reviewed in December 2024, and we managed to negotiate a smaller increase than the original proposal from the Landlord.

We rebranded with a new logo and a new website to replace the old one which had been compromised during the previous financial year.

Unrestricted funds increased from £28,706 in 2024 to £46,346 in 2025.

Page 4

Essex Youthbuild Ltd

Trustees' Report

Policy on reserves

The current available reserves are £37,614, compared to £21,958 in 2024.

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. Although reserves have been depleted in the year, with the reinstatement of the lottery funding, we should see reserves return to the desired level in the future periods.

Trustees and officers

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

Trustees: J M Tarbun, Acting chairman P J Brennan W A Tunstall (resigned 17 September 2025) C J Bickers (appointed 17 September 2025)

The Charity is seeking a new Chairman and is currently interviewing for this role.

Secretary: J M Tarbun

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 trustees

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).

Page 5

Essex Youthbuild Ltd

Trustees' Report

Induction and training of trustees

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 6

Essex Youthbuild Ltd

Trustees' Report

Trustee'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.

Funding from the National Lottery was re-instated in April 2024, which was used to support core costs, the installation of emergency lighting, installing a fire alarm system and upgrading IT equipment.

We continued to supply services to Essex County Council (ECC), though the SEND department was widely criticised for their poor performance. The BBC reported “Youngsters who may have additional needs must receive an assessment for an educational health care plan (EHCP) within 20 weeks. However, it was found in March that only one in four children in Essex were seen before this legal time period had passed. That still represented an improvement from March 2024, when 1% of children were assessed within 20 weeks.”

We experienced severe difficulties in getting paid for work done for ECC.

ECC introduced a system called Individual Packages of Education Support (IPES). We spent much time and effort in completing the application process for IPES in February 2025. The system was meant be ‘live’ in April 2025 but it did not become active until early October 2025. This hampered our ability to secure new business from local schools as they have to use approved suppliers on the IPES system.

We are actively looking for new partners to share resources and to supply services that are mutually beneficial for both parties.

We are confident that we can continue to rebuild EYB and are grateful for the commitment and resilience of our remaining staff and the continuing support of our key referral clients.

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

The annual report was approved by the trustees of the charity on 11 November 2025 and signed on its behalf by:

J M Tarbun Company secretary and trustee

Page 7

Essex Youthbuild Ltd

Statement of Trustees' Responsibilities

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

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 its 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 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 trustees 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 trustees of the charity on 11 November 2025 and signed on its behalf by:

J M Tarbun Company secretary and trustee

Page 8

Essex Youthbuild Ltd

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

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity’s trustees 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

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  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 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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

11 November 2025

Page 9

Essex Youthbuild Ltd

Statement of Financial Activities for the Year Ended 31 March 2025 (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 income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
£
194
72,176
1,027
1,886
75,283
(57,643)
(57,643)
17,640
17,640
28,706
46,346		 Restricted
£
112,631
-
-
592
113,223
(99,955)
(99,955)
13,268
13,268
4,053
17,321		 Total
2025
£
112,825
72,176
1,027
2,478
188,506
(157,598)
(157,598)
30,908
30,908
32,759
63,667		 Total
2024
£
22,894
64,852
836
4,135
92,717
(170,746)
(170,746)
(78,029)
(78,029)
110,788
32,759

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 19.

The notes on pages 12 to 22 form an integral part of these financial statements. Page 10

Essex Youthbuild Ltd

(Registration number: 06608363) Balance Sheet as at 31 March 2025

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		 2025
£
4,732
12,534
54,399
66,933
(7,998)
58,935
63,667
17,321
46,346
63,667		 2024
£
2,748
12,139
26,983
39,122
(9,111)
30,011
32,759
4,053
28,706
32,759

For the financial year ending 31 March 2025 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 22 were approved by the trustees, and authorised for issue on 11 November 2025 and signed on their behalf by:

J M Tarbun

Company Secretary and Trustee

The notes on pages 12 to 22 form an integral part of these financial statements. Page 11

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

1 Charity status

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees 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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Going concern

The trustees 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.

Page 12

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

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.

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 2025

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 Fixtures and Fittings Equipment

Depreciation method and rate 25% Reducing balance/33% Straight Line 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 2025

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		 Unrestricted
General
£
11
183
194
Unrestricted
funds
General
£
72,176
Unrestricted
General
£
1,027
Unrestricted
General
£
1,886		 Restricted
£
-
112,631
112,631
Restricted
funds
£
-
Restricted
£
-
Restricted
£
592		 Total
2025
£
11
112,814
112,825
Total
2025
£
72,176
Total
2025
£
1,027
Total
2025
£
2,478		 Total
2024
£
920
21,974
22,894
Total
2024
£
64,852
Total
2024
£
836
Total
2024
£
4,135

Page 15

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

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
£
227
16
631
25,648
10,781
91
180
40
1,335
16,560
2,134
57,643		 Restricted
£
1,391
1,026
24,430
17,960
13,056
-
-
-
-
42,092
-
99,955		 Total
2025
£
1,618
1,042
25,061
43,608
23,837
91
180
40
1,335
58,652
2,134
157,598		 Total
2024
£
1,990
9,505
27,959
39,923
12,002
202
180
60
2,260
73,649
3,016
170,746

8 Analysis of governance and support costs

Governance costs

Unrestricted

General
£
Independent examiner fees
Examination of the financial statements
1,674
Other professional fees
460
2,134
9
Net incoming/outgoing resources
Net incoming/(outgoing) resources for the year include:
Depreciation of fixed assets		 Restricted
£
-
-
-		 Total
2025
£
1,674
460
2,134
2025
£
1,335		 Total
2024
£
2,652
364
3,016
2024
£
2,260

Page 16

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

10 Trustees remuneration and expenses

No trustees, 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		 2025
£
55,462
2,478
712
58,652		 2024
£
69,161
3,635
853
73,649

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 2025
No
5		 2024
No
5

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 £29,880 (2024 - £37,389).

12 Independent examiner's remuneration

Examination of the financial statements
Other professional fees
All other services		 2025
£
1,674
460		 2024
£
2,652
364

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 2025

14 Tangible fixed assets

14 Tangible fixed assets
Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
15 Debtors
Trade debtors
Prepayments
Other debtors
16 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 Fixtures and
Fittings
£
45,547
3,319		 Equipment
£
42,721
-		 Total
£
88,268
3,319
91,587
85,520
1,335
86,855
4,732
2,748
2024
£
2,353
1,661
8,125
48,866 42,721
43,360
1,195		 42,160
140
44,555 42,300
4,311 421
2,187 561
2025
£
2,820
1,589
8,125
12,534
2025
£
5,004
714
180
2,100
7,998
12,139
2024
£
5,783
788
194
2,346
9,111

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 £712 (2024 - £853).

Page 18

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

18 Commitments

Other financial commitments

The total amount of other financial commitments not provided in the financial statements was £116,667 (2024 - £26,861).

19 Funds

Unrestricted funds
General
Unrestricted
Designated
Dilapidation fund
Total unrestricted funds
Restricted funds
Essex Community Foundation
PCF Internship
Big Lottery
Places for People
Jack Petchey Equipment
JPF Achievement Award
Planter Fund
Total restricted funds
Total funds		 Balance at 1
April 2024
£
24,706
4,000
28,706
-
1,406
-
780
941
856
70
4,053
32,759		 Incoming
resources
£
75,283
-
75,283
5,000
-
108,223
-
-
-
-
113,223
188,506		 Resources
expended
£
(57,643)
-
(57,643)
(4,099)
-
(95,803)
(53)
-
-
-
(99,955)
(157,598)		 Balance at 31
March 2025
£
42,346
4,000
46,346
901
1,406
12,420
727
941
856
70
17,321
63,667

Page 19

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

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
PCF Internship
ECC - Levelling up
Places for People
Jack Petchey Equipment
JPF Achievement Award
Planter Fund
Total restricted funds
Total funds		 Balance at 1
April 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		 Incoming
resources
£
67,108
-
-
-
-
-
67,108
-
-
-
21,174
800
-
-
-
21,974
89,082		 Resources
expended
£
(144,956)
-
-
-
-
-
(144,956)
-
-
-
(21,174)
(20)
-
(961)
-
(22,155)
(167,111)		 Transfers
£
9,292
-
(2,290)
(5,000)
(2,000)
(9,290)
2
(361)
(2)
-
-
-
-
361
-
(2)
-		 Balance at
31 March
2024
£
24,706
4,000
-
-
-
-
28,706
-
-
1,406
-
780
941
856
70
4,053
32,759

Page 20

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

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:

Essex Community Foundation - A grant towards mandatory electrical works and an updated fire regulation system to ensure a organisation supporting NEET children and young people gain vocational qualifications can pass their building inspections.

PCF Internship - Funds provided to employ a young person.

Big Lottery - A grant so we can provide 3 days per week construction skills courses, along with maths and English for NEET and YOU young people between 16-19 year olds.

Places for People - Places Foundation is an independent charitable organisation which provides grants and social investment to ‘improve the lives of People and Communities that have experienced disadvantage and are furthest from the labour market

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

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.

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

Page 21

Essex Youthbuild Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

20 Analysis of net assets between funds

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
£
4,732
-
45,612
4,000
(7,998)
-
42,346
4,000
Unrestricted
General
£
Designated
£
2,748
-
31,069
4,000
(9,111)
-
24,706
4,000		 Restricted
funds
£
-
17,321
-
17,321
Restricted
£
-
4,053
-
4,053		 Total funds at
31 March
2025
£
4,732
66,933
(7,998)
63,667
Total funds at
31 March 2024
£
2,748
39,122
(9,111)
32,759

21 Related party transactions

There were no related party transactions in the year.

Page 22