Charity regvstration tser 01148n9 IEngL7nd arKI Wales) Comparby reswstration number 07526344 ESSEX CULTURAL DIVERSITY PROJECT LIMITED ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ESSEX CULTURAL DIVERSITY PROJECT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustaos J Webb D(Y Sxue M Stead Jwwn K FQrie Charity number (England and 01148729 Company number Reglstered office 32a Wesl SItFet Essex SS41 Indoponderf Oxamln L Kwth FCA 457 SJttN*urth Road Essex SS1 2PH
ESSEX CULTURAL DIVERSITY PROJECT LIMITED CONTENTS Pa98 DiiECtot5' Tru51eE5' reFxKI Indedent exawinprfs rewt ststemenlaffffi8rKial artMiEs Nota$ lo th8 fnarKi8lsial8fttÉ
ESSEX CULTURAL DIVERSITY PROJECT LIMITED DIRECTORS. AND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2025 Th8 TStee8 wesent their annual reFKXt atNlfinarnial SlatEntsYthe Yea[eed 31 Marth 2025. firhonuel slolem¢nts hevc b¢en prepared in •wounbry zet wt M notc 1 to ihe finynciol sialemenLs and comkly with Ihe charity's (kxbnwl. &YpTre$A 2QM)6 and"Aco)urling and R4)Lvlin9 by Charities." Statement of ReCorrffied Practre to charthe5 wep3mg lhr aco)unts n accordanTr with the Financial Standard appltatle w) UK RwtAic of treLd IFRS 1021" lasamended t>ractountiw rri(xls commencwig from 1 Janu8ry 2019) Objectrwes and a¢ti¥th"es pnndp4 a¢tivty 0ftr a88 r89sier8d crority to r8v&&aThJ 8Pt4yfvnds to arbfor ih? PL1)1 benefit. twrilies obiectNe5 a5 sel lIthe Mprnor3Th4um and A5GlI is the rrcrfnotK)n ol arts forthe publ benofrt. in particular, but rth •xcluvy, thrwh s)erformances tsas a mvans of furtlÈriTrJ é4uah.ty and diversity. and to protnote. maintain advan1he educalon olthe t¥Jbkc by the erKxyJragefflenl •tabon ofthe with partr rettrence io ans and culure from Overse thknnYJnt$. Twstees are v8re ofthe duty undtr S IT of ihe Chaiifyes Aci 201110 ha dua wrd lo Pubh"¢ Bw8lt tsUar puNished by ihe Charity CMMiTr. As such. IheTrusiecs enswe that the adie5 efthe chwty we torttrt bC benefit. AGhievefflents and pErforrnarKe Essex Cullwal Dive/ Pr(4ect energtses in arts East 0fErVJd. miwon is to create oppOrtutI@8. &tirnLlat8 parli(ipation aThl womde a foca Far th&d8V8knt and Cabratn of(1rSty ltryough arts and htyrtage aclmty. Esse% CullLYal DwerE4ty Prcieu is w Ans Ceuwl EngW Nakni81 POrt[(A Org>y"sabon. rwork across Essex is wing sth to strwth. Ihanks lothe conknirvJ support fn)m Essex County CourKiI ther partner5 in the c(xJnty. We are f(W9 yxxl worknrvJ [daDSh>S ith (xxmcl& funders and partnership board5, working toward8 sh8red 9oaL% of (omrnntyAE1lbffj. fighbng ine9ty. dmPniNj tt)e ¥M)Ment. 8nd conlrbuling b¢al 8¢¢rles. (kne ofthe yparfs hvjhlyhts was Gknbal Vil RaYWjh. hJtKled byR(Khford DtstrKI C(x11 the wvÈmmerts UK Shared Prospenty Fund. The eventWdS an (¥yKtutMty for us to be ambthts 2nd ty somellmng npw. lo nuthre pride in pLxe Énd u Jift IDral bwnes5es, while cdebiot.ng [wtt¥Murl £rtIeS h3wrvJ a daTKe In the sunshi1 There has tEen sliong focus on arts and hea'm year. fram fitwth Ehawd Aerobrs. to using traditsonal cuthral crafts lo suptx)rt menta healh. We are passate atxxjrheamh beneffts ofthearts. al E'Ve been bLW laYg solid foUationsfO[ a speaal Creative Healh W(4rarrKr next year. Stion9 enMea thee$ Jsorun thitsj Ihs ye¥rf5 wcVJr.' anisis tyed the Natitsnal Trusl to expbre que ecoferyNnisrn Haffidd Forest.. IKOaJ access lotUre in Eppmg Forest Ilywgh communrty ¥valksaThJ a I podca51," arKther creatpie a)mtt¥5sion ikJrfe h3brtats li Ihe gwtKlsotEssex txJThlrEd5 ofchildren to We ve eknended our 8¢ 8cfoLffL Norfrjk SuffcAk Ihis ye3r. in rlace str8ieg¢ paflnershi)s and $4)rNxwng ueati¥e projects in the area. hicldIng anolher Fesliv¥l of & Puryabwhth ctvtes ryoss ¢uWral link5 in the area. Thè rÈcÈnt uplift irt fundin9 ag part trfour NatK)fTral P010 (kyanigthon proyrammè. fur by Countsl EngL4nd. hag civen us the UpptunIti to explorE Op[rf)rfunit and v*ke mmBCliDrWth t<MnmUDities. loc41 aulhorilies. and arts tullural orgaTri5aUons In Norfdk and suffk.
ESSEX CULTURAL DIVERSITY PROJECT LIMITED
DIRECTORS. AND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
We have also been supporting ¢r¥tives lo develop prc¥e¢ts an¢ fuIng arWir¥iits)s. offering lunding lo help urArft
bid$ £WQO in seed fLmdiw 8(Toss ryrwets levÉ-e¢ a ioial )1 £118.38) iyortr ¢>f Invesimeni Inio thè
Parkner5hF is at the heatof Essex Cullural Derty Proj.5 w(xK W Yalup strotwJalliarKe5 (xA13b(rdtivewotkiny
to wllcbvdy ¢el6brale gnergise dry8t&ty in Essex arvj Hw8 8 a few woducbve p8rtneTship8 WtNth onhan¢t
cUrwo. $W5K1e LwfcLYe progr&.
Essex CuttLYal DNeryty Prqect runs a wogranvre of netry ents wolesgcrol support, Insi9hl and I1n9 to
create ptitiOnerS Vrki in d[Werty. in 1X>ra1x)n ¥%iih partr5 alxoss the Ea51of E[ar1d. We delwered six Sak)ns
this year. attended by arourKI 100 arts 8rwJ hents9e w01Tha18.
Essey CuhLTal Dr4eNty PleCtworks d05ety wih p3rtrwugard5aurrsto ¥bsls and dvelop their
parlop8n140. socially 8ryJ•38LI wadK8s. CmmS$ capt(K8 sprdof gNo a vo¢e. )nl
cornfflunitS and wple tell thrI slw In tr(yffl wonls.
PFoJo¢ts
Globaj Wrflage Pfe5ertS is a sene50f even15Y41th key patkners across the re9. lo whel audIen'S atvtiles forwortd music
ESSEX CULTURAL DIVERSITY PROJECT LIMITED DIRECTORS. AND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 IXJrcJmmissnI pregranme ctwrti)uosttsaitraLtP8rbtthip furKrvJ frtrn ttx)sÈ wtshin9 to cfyhostprti8cis Ivest in Oufwork. w(th metch from NabOrt TNl 8fvJ rthjre fvSth)eni in poelmefor next year. Ths yearwe contsnutd our tarCh wrmjnd oneofour An assrfs. (Yob Vilae. tyjr s¢8Wc re#81 eveni which has iho wicnii8110 cener8te inwm8 10 8wre Its organisabon sswin8bty in ai irKr985mgly public fundY)g ¢imal&. The fun(TrJ upl Arts Counal E[Ln is also us lo exi rge(raphl reach. suFyMutvJ arbsts comffluniknes in Suttolk and NOk, to idÈntrfy pK>tsntAI pthetsand h1) sowcÈs in thÈ aa. frmward ECDP Thaintained ils re8qrve5 2024-25 10 ewI5U thal c¥gaSation can CDvErthr8È mothhs ol operath)n81 msts rf ne$5 and h85 eonbngew t05w wci¥I further inwent. 11 is the policy ol the knrity Ihal unrestricted knnd5 whti have not teen de5yraled for a uses1 be rnantained al 8 lovd oquiv4pnito thref and sx twth's expere. TrustePstrthat rstvtr8 atthis lovel will prtsure al, n the event of a 51gnffjcanl thop in fi1rg. Ilw wil be knle io ntinue chty'51xJrrpnt actmties whi18 consideIl0n is grn in which Ilal fvnds may be ell. Thts ¥ of reserves been m8int8inèd ihrough(ul th8 year. At the balar sheet date the charity has reserves of£45.1241SJ2d. 147.3541. olwhwth 5.9T1{202a' £41,625) unr•$iri¢i•d. Th iesetyes pdicy rtyur&s lreStrd restrryes of $TX •xpandilLXa and Ills r&f¥r8 toits fL¥ed operabng costs. Therefore tre Trustees(kem the reserves W ai sheet date io besuffi¢Ent. InvO&bllrt policy TSlee$ have corvdered thewAicy forinvestment. SwAus reserves we he in Charites Naiwest CUent AG¢wnt for genera purpo. takin9 into thecharity entrdy depptwJEnl otl 9rdnl irHxxnp fUra5 ng ti¥llS as its main source of Incorf Risk Facto T TrnsteÉs have a>sséd thè ma11$k$t0 thothaiity i% èxkwl. a1 satisw that systtrmsé ¥Aace to milvJaie exposur8 to risks. Plans forlvture peiiodts Looking forward 202¥26 TIKS ECDP Te is busy puitiry t(oelW an th"rj wcgraThYn8 f202. p•ra1erg[eatyga[ offestNals, projects an¢ (XxMIS5. Wè are curremdy wtyking on the Fesiivtj otlhetford & PJniab 2025. wF%¢h wllceletraitr the divs(tyof Ihe town Ihrough xsl. n8b"0rn918nd iniem81th81 Th6 ts ah¥ays ) 8npyatI&i¢Mntvenlurtr Yilh locs 8ULenc8S. P8rJ*r8. supporiers funders. and a highlight in candar We are a&D deveknwrg a strong tCu5 on Creatrve Healkn. hame5srvJ the wwer ol the arts to iryKove rnenta phc fftrEs5. wilh a Ix)5t ofactivities to SUFVJrt diyerse CDtnTnunil5 acro55 Essex. EnNageTnetrt the atKJ paApati n nalwe is linkwj Strong 10 heallh, so dÈvÈky"rKJ (Ajrth area.
ESSEX CULTURAL DIVERSITY PROJECT LIMITED
DIRECTORS. AND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
lkn horpzon 1$ a new (y)mmis&oTh. urth1inww OLY canbn1 supwt fth the Esstrx Lota Nattjrè Partnershy. We have
tsome brilliant c5#10n$ comiw up. m¢JthrB è 0jeC1 n pètrershp wih the N8kn81 Tntsi. tsrfftt at Lavenham
clkjhall 10 nurttjre ¢¢mnnrfY to ths hirYtsIy si9nrf¢8nt in &fflok. We've Icarned up y4ith start
Ttrurrock on 8 crealKve project Ih•wII eXpe new Wa YAlh Coahwse Fort E8St filry. And,
conteny>rdry circus perkKmer Duca is deirysing a rw wth th2 lor Wiiham's Street
Entertainment FeNal, in Wtham Ttrm c11.
Well be(0DTrlg aurGI(thl VIlLwJe piogarntnp. IDgElher for a picn alJay¥Mck Sands, staging an
evÈnl at Ranharn H811'. Diwl in Dthldngh. Wel Jso ctyitmue lo proadivdy the festyval ar
events sector lo betLer und&ststKJonwing tha1 Identify Ythere we (3n vh)rk in partnhIptO offer surport. Were
kx)king IoTward lo tnore Salon5 arQ stat U[ Thversty events, nurttJrifVJ Greabve arKI WDvidiry a plattotTn fDr Ih05e
ChempKl)Y divetsrty In th&r k)calilies, hositJJ by frkyJJs p¥er$ •yoss Essex. SufrJk and Norf(k. There We entY0[
pl8ns only ai home but ako abtuad. itLL1g the phase ofAfter t1 Ptrt1b-. A Shed CullLTal Heritage in E5$ex,
taking stories about PatK)n tromlhe UK bad( to the PalibDn Museurn in Amrtsar. IrQi4, Onde Ihe Vrk ofEssex based
Sikh artist &man (Jral. Going f(Wd. we 111 conbnue lo rtd the PHrtnership5 we havewith autrorilEs.
fLndens. and Olher arts heritage Qrgan# to pJla swUwJhton the arriazin9 dwetsty ofthe Eastof ErvJland. create
new rlaitcm8 for 8rn5ts. wrwrt rnarginali%ed comffKJnrfs
Structursl, govemance and rnanag•ment
The chanly IS wvemert by Ils MernIandM and Arbde50f [aIred 16 Juty2D121.
Thè Trustees. who Ère aso thp diiect
ESSEX CULTURAL DIVERSITY PROJECT LIMITED DIRECTORS. AND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 DGUY Treasurer Js 22 July 2025
ESSEX CULTURAL DIVERSITY PROJECT LIMITED STATEMENT OF DIRECTORS. AIID TRUSTEES. RESPONSIBILrriES FOR THE YEAR ENDED 31 MARCH 2025 Th8 Tstee8, who areas0 thedwBct5 of E55ex CLliurdl ONe1ty f1he purpose hw, are respowbk ryeparin9 the Dirttys' ArKI Tntstees. ReKth ar tre finar>al sratements In accordartr With ¥pleaNe L8w and United Kin9dom AcctyJnbn9 sdanIs IifvNled Generaly Aepted AccnI9 Practicol. Cotnpany l&y requir85 ihe TrusleBs to p[Ppa f1rAl state[ts Ieh [a[al yearwthKti gwe a twe a[ fair ¥¥ of Ihe slate ofafairs ottre charity and ofthe in¢cmirg reS0S arkl ¥tIon otresources inc4udiry the expendituie. of the chtab CpanY l¢¥ that year. In prewing these fina1 staternetrt5. the frt are wured to.. . select suitable tirj wAKies andthen appty the - cl)sarv& lh$ mihthJsand printsrltrs In IF antS SORP". - MakejUdmentS and eStilesal are reason and pl1E - stgte wtrther 8ppli¢abk LIK Acts)untirvJ Sdards ha W foltr4Jed. suw to any nBlenal Wrtwes dB¢bsed and explained in the ffinCHI ststemen15'. and . wepare Ihe financkil statetnents IhE goiyJ b5 it 15 nap[yate lo pre5uffte thatthe charity 11 continue in operalKN). Trnslees are rÈspontAe fc¢ kewrv) 8dew8te rnrI) reecids Ihat di%eb)se 1b r&/Scnab accuracy st any bme financral po$4tiLN) tsfl chanty enatle 10 en$wa Ihai thF rMaal staiants Conw wth ts Conwaritrs Acl 2006. They are akn reSponsie for safegwthry the assels oftr Charity and hen f(K 13rvj reasonabk steps for trie prevenbon 3nd delecton oftraud and iWLAarrt5
ESSEX CULTURAL DIVERSITY PROJECT LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ESSEX CULTURAL DIVERSITY PROJECT LIMITED
I r8Wrt to Ihe Tru5tee5on ofthe finanLaal slalemErts of Es58xCuNural Dwersty PrvFGI Litnited Ilhe charityl
for Ihe yearended 31 Marth 2025.
R$sponbIllIFy arKI basls of report
As Ihe Trusiee8 of the chèrity18nd abo its dyectors f¢f purws8s L8wI, you Wé resrthsti for lh8
pr8P8ralh)n of tre finaroal SlatntS in &ctrdarK87th r6Y41irwnts canS Act 20.
satBfied trrysoWth firwnrial Ste• oftlp ch¥ity requrwl to be aLKlited Part 16
CofflpaniesAcl 2006 and are elyble for KKIeenleXaNnat. reFKKt resped of rny examinatron of the charty's
financ4al Statnei5
ESSEX CULTURAL DIVERSITY PROJECT LIMITED STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 To1 Unro8tri¢tsd Ro8tri¢tod lund5 funds 2024 2024 Total 2025 2025 2025 Notes In¢omo fw: Donatso and lega¢Es Chwilabk vIbeS Investsnents 1976 307.569 285 1.976 347,199 285 3.3 302.T10 205 39.630 11.550 314.260 205 Total inroffl• 39.630 349.460 .26S 11,S50 317.815 ExpendturÈ on: bvthS 51.728 351,691 293.LKXI 17,624 310.624 S1.728 351.691 293.000 17,624 310.624 Net Incornd¢expendlturel 9867 112.0981 122311 13.265 16.0741 7.191 Transfers between funds 15.516 (4811 481 mov8m&nt In funds 15.649 3.418 122311 12.784 15.5931 7.191 RvcOn¢ili*ti¢Jn ollund•'. Fund ballr$ al 1 Apnl 2024 41.625 5.129 47.354 28.841 11,322 40.163 Fund b•lanc8s at 31 M8reh 2025 35.976 9.147 45.123 41.625 5,729 47.354 The 51atefflentof finanual athitEs nckjdes all gainsaThl k>s5es rewi5ed in the year. intx)me expetxliture derive
ESSEX CULTURAL DIVERSITY PROJECT LIMITED BALANCE SHEET ASA T31 AIARCH 2025 2025 2024 Flx•d assgls Tangib a55ets 12 17.464 9,243 Cuvr•nt a88•ts Debtors Cash at barlt and wi ha 13 1.1r]6 47.070 42.225 42.616 48.236 Croditorn: amow)tstslliny wilhin on0 year 14 114.9871 110.120) Nel current assets 27.659 38.111 Total assets less current Ilablllks 45,123 47.354 Incornp funds Restrithtd furQs Unrestrled fuThJs 15 9.147 35,976 5.729 41.625 45.123 47.354 The Cp3nY enknlled to the exerlrorn heaLlit rewiremernraIryed n se[ts 477 Olts coryanSACt 20(kn. lor the year en¢ed 31 M8rch 2025. Th8 direGlors ackniythe their respcn&Li1ts5 kncL¥nthrvJ requvptnents Dfthe CnpanIESACt2Ly)6 1h restct to acth)unbry rewrds 8nd trt ppa)irm8fft(J8I ¥tents. mambws h¥v8 not r8ouired th8 c(xmwy h) coiail ¥n audit of its fr1 sialents ywin 08n in acCordanWith sectK)n 476. Thès8 finartial siat6ments hav• prffjtt Ni to ¢trMParM subiectto the small ¢cTrpanies r8oin. Ihe financvl slaterrents w¥e aprwved by treTrusteesan 22 Jtsty2025 DGUY Tr¢asurgr ¢hav Company Regi&traboTr 07S26344
ESSEX CULTURAL DIVERSITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 AOUnt9 pol195 Charity inlarmBtit Essex Cultural CIvty Pr¢iect is a wivalg clpanY1118d ty gu8rantsg inc¢ypK81ed Yi Erytsnd Wale5. The registw& atr 32a West Stre& ESSEX. SS4 IAI. 1.1 A¢countlg comtenti 2006 8nd-A(nn9 Reportvlg ChètilS" StslertEnicl RÈt(Mnftwded Prxte apaNt 10 charities Ihgr acttwnts in all¥rpYlh the Fr081 SWdatd a1 In IhB UK and REpubhc of Irdand IFRS 1D2)- las amended tor 0dS CCAmenury trom 1 janry2019) The ch¥ity isa PutAIc BenBfil Entity asdefined by FRS 102_ The tharity has taken advarrtagp of th2 provisxM5in the SORP fortharilie5 FRS 102 Update BU1 1 TY)t Io pr&w• a Staiameni of Cash FhJ¥¥s. The fina1 akrthnts are slj. vknich v3 th8 oJrwolth8 th8rfty. Monaryamounls IhfysefincI stslemwis we rOUE to Ihe wrest£. The financial stalements have WEpaed uThrthe tristorica fv110n. The wnc¥)al antir0 polryes adoptèd a SBI oul beknw. 1.2 Going concem Al the Iirne of apprrmry Ihefftnatwl statemenis. Ihe Irustees have a reaab expedakn tral th8 chty ha5 adequate resources to continue in IipPrdtnaI exi51enceknthp 10teseeth fulwe. ThLts T55 c(thnLE to ad¢ptlhe wing wncem ofac¢oLnbTh3 in pryriry lh8 fnarKJal sialam8nts. 1.3 Charitable lunth Unrestrthd luids are avatsL fc¥ use al lh8 ofuie Te&S In luiilN)raeOrl1l¥1[ ct)i¥LIIv¥s. Restred knd5 SU.ectIO SCco ty thrKKS 0[11)r5 a5 ta htheY rw b2 used. The putpws and uses ofth8 strted funds are setwt In the lo the [aLIa1 siatwtts. 1.4 In¢ome I10¢ is renEed when the chwity is 18galty wbtlwj lo il aftw any pwfwmance 0)nd$ h8Ye been Thl. ounts be Tr3sured r8labty. aj ills wobable 1ha1itKxYe il bertsed. Cayh dall8 are Tewised on recept. 0therth)DatNS recowti98d ¢)nce chm * been notified of the don8thon. unless perfuMaecOndths requre deterra of tre arnnI. Ine tsx reo)veratr in reiition to donat$ reTrNe(S under &ftAKt or {15 of rec(wLsed allhe tynp oflheithakn. Lega(i8s 8r8 re¢coThsed rec•pi Qr dherynso rf ihe Charity has been notifd of an Impending dislributim, the nounl 15 kDOV4n. receipt is expected. the wnounl is n¢x Wy is treatsd as a contingent a5seL 1.5 Expondlturn Expenditure Is r#ognised McÈthÈre i%a 1)r{J$te ¢tAalontr) nke a paymÈni to a third paty. it is prOÈ Ihal sèthèftnt willbÉTr rUl1& and of (an bè mèasurèd rdLqNy. Expdilr& is assified under f¢)IcwrwJ athity he¥thngs." Cos ofgenerating fUS irrClthe costs of comryErcial npitEsand its associated supwri co and fundraising costs induang FwAe atKI (rISab05 to <trite frKillY to the (haritysY)rk, Ihr& Indudes the rosiof adrtng f(K¢*)nalv)n5 5¢WJwofSkE(JI evenis and ai SUppt Sts. 10-
ESSEX CULTURAL DIVERSITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 ACcoUntw pol•e$ (Continued) Expenditure on ir1 exper%Jre Or¢cly to xlIbe5 undtsthken to fwtrer Ihc pur6&¥ acheve Ihe otiecbves of the tharity aThJ Iheir asswaw surpr)ri costs. Olhwexpenditue represents tht>sE itgn5 txfaliry inlo arry ther hpadiy. 1.6 Tanglble flxed tsgets Tallgib fed assets intsly mead at C05tatKI sub5EquentyfflEa5ured at orvaluation. netofdepreualiDn and any ltryawt losse5. Depr#iaiion Is r8cognwd so 35 lo whi18 off the cosl crf vallobon d asseb rdUal values 0¥ their u8Eful live5 on the follwiw 5.. l aryj 8quThnt Fimtures and fitt95 Corryuters 15% lJrK8 15% baan The ¢r I arIng on Iho disposal an detormW as the(iffere ttwew sal& proceed$ and th& caryng value ofthe assei. and is rewised in ts Stateryrta1finanCla activitie5. 1.7 Impakn)oni olffxed as80ts At eacn reportng end date, the charityrevhews the afhs trAe assets to detsrnlne wthether there Is Y ndiGatn that 0$e 15sets have suffered Imw[ml kis5. If any irxficatson exts. recove[ arnount of ihe asset 15 esti[ated lOdeteine Ihe exten10r lThyaittr any!. 1.8 Ca8h and cagh •qulv4ktits Cash rash NalentS Irle rash in harxj. depJ5i1s he alrall wlh baTs, olhei ShOrt-ter IiwKJ investtnents wilh onynal maleS eftrrfee kss. Barf( overdrafts a TAtylhn boffth¥in9$ In current liabilities. 1.9 Financial instrun1t8 The chanly has decled to aPY ts prowsw5 of Sectiw 11 Eawc Faal Instiwnents, al Section 12'0trw FinanEial 1nstrurents Ls5ues' of FRS 102 to al of Is fi[( 1rthwts. Financial instsumntsar8 iw)80 in the chaiiws brts lh&drity beMeS party lo lhe£tract proVS01 Ihe inslruTrnt Financial assetsand h.abili1Se offset. ilh the arTK)urts Fxpsethd the finatKMa statem8nts. when th8fft is a legalfv enftrrceable nghl to sei off the reco¥Jnsed )vJnts Ure is ITrknti to setue a net basts orto realtse the asset and sellie Ihe Iiablffy BasifinanciHI assets. include debtr cash ban< baL9n. are MeWd at Irans8r*on Indudir transaction costs UnSS the arrarVjnt 3 fi(Xj transa(JiDn. where the tranS&ti( is measurpd at present v31ue ofthe future teceipts dted al a tnarkel rate of inlerE5t. FnawAal da55rfied as recva) wdhin one year 8 anvli8ed.
ESSEX CULTURAL DIVERSITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 ACcoUntw pol•e$ (Continued) Basifinancial liabilities. hYCllIng Credit rewised attrarth prK2 unless Ihe arTge[rEI consbtsrtes finarting ltsnsattn. whBre the d4 irrUnl ts mBasuTrd ai value cl the fulufe paymwts dscountad at a market r3te i)teresl. Fin¢4 IK4trAitiesdasgfie¢ as payable 4vthn year are rrt)iaTrx)rfsed. Trade credit(xs arp Qwigi Paylgd5orsWVIWS0t have in (Kdinary £ours9 of operaions supplets. Arnounts palab are das5ified as CWTent lthties rf payment Is due within one year or less. If not. they a piesenkd as nOnrrert k"abdrt. Trae veorfors a wntsed 81tr8nsactl kyice. Financial liabiliies are d8rewMsed Y4then chattys 0Jati5 expwe oratB disthat9 orce1. 1.10 Employ0• n@fitS The CDSt of any unused entiuw1l ts rettynise(l in the WKXI eWiyeÈsser¥+tÈsarÈ received. Ternination nefits are renised an expertse when the tharity is defstrty CCJrNnitted to tetrninate an empk)yee (t9 provKb lerMa beffl$. Cyltlcal 88¥me8 In the applicabon of Ihe charity's accng [KIe5. the TnJstee5 are rquired to rna[epdgeEnts. estirnales ar as%umpl)n$ atKutthe (rrying attK)Urtafassets hablilies that re&thly appenl from other srGs. Thè giThatss ar asgock?tsd aSgLvWKJng• bagd on histoita otFr lacto Ihat arè ts)nsdèrgd io bo rdev8rf. A¢81 tesutts m8ydrfTer fromihese e$bTre¥ The estfftates urxletyry assWnSe revThv&l fjn an Orymng ba5. ReViSKw to acLountirvJ esbmates are rec(yJnised in the per In ¥Jhch the e5btrbate ts rew5e¢ aifeds only Ihai pwi(xl, or in the pèriod or ihe r8¥1$n lulurB peiKQs vthtre remson alfocis both L3jftI8r fuluTB perityjs. from d10¥ and l•gxip5 Urmtrictod Unrtr$tri¢t fund5 lunds 2025 2024 Donalk)r ar gdts 1.976 12-
ESSEX CULTURAL DIVERSITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 knGom¢ from ¢tsr#aW¢ aVIOS Tolal Vnr•8trlcted funds Re•tricted fund¥ 2024 Total 2025 2025 2025 CharabloactMde5 Perforrnance reied grants 305.7 1.779 39.6 345.420 1,719 302.710 11,SS0 314,260 Ancilary trading inujriie 307.569 39.830 347.199 302.710 11,S50 314.260 ¢omo from Imsbmenls Unrestrlcted unsl¢l0d fuNI$ nds 2025 Interest rKeiYatle 285 )5 13-
ESSEX CULTURAL DIVERSITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 Chpr#ablo a¢thlts 2D25 2024 Stattetssts Depreryaiion and bnp8enl fAJ,772 4,032 249,498 58.461 2.653 220.833 2.663 1.619 2.371 11.267 1.109 Tdephone Insuran Pnniirg. postage & siaiK*iery Travd & SUbst Lompul8r s¢ftw8re & nvInwre Ac£ountancy lees Bankch8rges sUbs¢dpinS Sundry ex 1,268 1,652 15,236 4,101 2,916 1.419 218 35 343,686 305.1T3 Share of SUPFth rA)5ts Iseerx)le 71 8,5 5.451 351,691 310.624 AThatysl$ by fund unrtrled Restred fthds 293,963 51,728 293.(A)O 17.624 351,691 310.624 Suppurt costs allDcaied lo activbti 202S 2024 Basis ofallocation srage l¥re 4.6W3 0rating lease chwges 3.312 2.WJ7 8.005 5.451 Anatysed between.. chantab aciivibes 8.005 5.451 14-
ESSEX CULTURAL DIVERSITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 Mot mvfyment kn fvnds 2025 2024 Thfy nFt IVeMentin fthd$ ts ¥tsted aftrr tharyinyII(ethtyl". Fees payable foi the ItepJI exanwnatK)n vfthe tharitvstharvial Stai15 Depreriabon of langtle fixed assets 4.032 Trustèes 10 Eryknyqes 2025 Nnber Number 2Q25 Wages and salarE5 CKHI security sts 58.8 57.057 60.772 58.461 The number af e[oyees anal Wd5 nKKe than rv).0 rs as 2025 Nwnbsr Numbor £60.001 - £70.(XTr) Key laement ieFxesents the role d Creative treLaora5 th TnJ5tees ddegate ihe day to day m3na9pnntof ils bvffjJÈs. ThÈ crÈatNe OirÈkn i% the onty emp• ¥nd ilw 8munts siatod saafy bwefjts rc¥v•J by I Sandhu frorn the chanty during Ihe ye_ 11 Taxation The d)arity is exènw fremtsxatim acvtsS bBCaU* 811 its AapkqwJf¢x charitabl& pwp)ses. 15-
ESSEX CULTURAL DIVERSITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tanglblg flxed Comput•rs Cost Al 1 Awl 2024 AdJiti)ns 9,839 761 4.756 12,195 22.795 12.253 At 31 Marth 2025 16.4B7 5.517 13,044 35.048 Deprxialion and imwrrnenl At 1 Awl 2024 3.434 1.958 304 782 9,814 1,292 13.552 Depreciabon c3rged in Ihe year Al 31 March 2025 5.392 11,1C 17.584 Canyng am(wJrt At 31 March 20¥J 4.431 1,936 17.464 At 31 Mah 2024 6.405 457 2,381 9.243 13 DODtors 2025 2024 Amounts fallin9 due within one yw. ppSyMts and act[d irtome 421 1.166 14 Crgdltws.. amounts 14lllngkniwhhin ons y•ar 2025 2024 OthBr taxaiwJn and suck?1 rIty Tiad8 creditor6 Ac¢wals and deferwy irw 1.659 10.747 2.581 1.657 6.057 2.411 14.987 10.125 16-
ESSEX CULTURAL DIVERSITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 15 R¢strl¢t0411unds The r¢eln¢ted fundsoflhe therity cnprisethC ur¢xpcrhYed b8ncetr¢c$8nd grontshdd on trusl subject to SP8ufic co1119 by¢M(YJ as to hthty Ihey rnay be wd. At1 Apyil 2024 ¢tyMing Transf8rs At 31 March 202$ Ipsw¢h 8ThY COICSter k4uums Dgirch CommuDIty Devekwrnenl Estsex Commmity Fourthlhiri Gl(b81 Villge {Ddiutst1 Hatfield Fortrsi CM)mtssic Cowdvacc8IKm Parbiiy) Prr4eci HShd Suppm Fur Arts 3nd Heallh Cwrnsford NeN¥orks Proje Adivc E¢ 15.3121 152 2,gJ3 19.1511 115.3951 2.134 10.395 4.042 3.226 3.049 317 25 12.0741 947 345 11381 12.9251 12.0741 1.114 2.624 5.729 39.630 151.7281 15.516 9.147 Pie¥bus year". A11 Aprll 2023 Transfers At 31 March 2024 Ess8¥ comMLmrf FOurthn GI£1 Ims Engl¥) Cowd VaccinalK Househdd Fu ACtp E55ex 16.3221 Z28 15.5871 359 5.169 576 4.12 245 {2301 14.358 1r2 11.322 11.550 117.6241 481 5.n9 17-
ESSEX CULTURAL DIVERSITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Re$trictedlunth (Continued) Thc rrI91n19 enCe on r¢8trthd ryciects rejote to bxA( VdlLbC of aets purchesed •s pert of ihe pe¢1S.. - E8sex Crxnmunity -A¢tiYe Essex - CilrtpHI Villwp th¥ldirohiJrs1 - CO¥ Vaccmalh - HDusehdd Sutport Fu The Main9 funds fLthl$ fcthe reasLY)S." - 1p$th and CrlcEster Muwms. Tre baartrof fvs wc¥ecl relaled lo the NBVcrf8ssets 05 Part ofthe projecl as wdl as a small ewenditure deficit. is covered by fu1n9 re n April 2025. - partti1 Prgett- propct into the 2025126. p)[[[ stFred altural heritage In Essex. . ISand Heaifh Qrn$fud- Ths ¢Yojeu m8terialtyecMn.ed 2D25. ihe reining bJar¢e aleS lo iriwal 9XpdI1r¢ thalwas paKt inAwl 2025. . NetvA)rks Proj&J. Tl¥s irn defDtas tre eknentof fijrylng. due ki Marth 2025. was not re¢eried until Apnl 2025 This (bes not reman n defKit after rpcwpt 0fth fuMng. Unrestrictrd lund5 16 The Lvweslricted funds of the chanty c¢xnwse eunex1u1 balances Dfdonalkins grant5 which are not subtrect lo specific condib< by and tyantors as tc how IW may be used. These irclude designated funas which beBn set aSe ¢t of unreskncted funds by Ihe trust&5for pu. At1 Awil 2024 kncomlry R•sowco5 Transfors At 31 Alarch 2025 Genwl fu$ 41.625 1299.9631 115.5161 35.976 Pv*)S yeaT'. At1 April 2W ¢oming Twansfws At 31 MarEh 2024 Gen furKJs 28.841 1293.0001 14811 41.&5 17 Anatysls of net assets belwttn lurK15 Total funds 2025 2025 2025 At 31 March 202&- Tangib assels Current asseislllgt¥l(0"8sl 6.442 11.022 11.8751 17,464 27.659 35.976 9.147 45.123 18-
ESSEX CULTURAL DIVERSITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Anatysits of net assets betefi funds (Continued) Total fund8 2024 2024 2024 At 31 Mah 2024= Tng1b a55¢ts Current 8ssets1l1o1.esI 3.514 38.111 5.729 9.243 38.111 41.625 5.729 47.354 18 Relètsd yrty tAll8a¢tw)ns Tr8nS?•0s rdated parties During the ye¥ the thatity Èniwed IntothÈfihymY rdated parts". 2025 2024 Other rdated Foibes 2.8QN) 2.8tx) Dunng the ye¥lhe charity entered 1ntothefdhy trSa¢ll rd8W pgrtE5'. The of1mnCe poiect magenntserw ty AS3hU, thts ghter01 l. sahU. 1018IMI9 £1,8rA) in tho onI y8ar1S)24I1.0501. Prcluction astsn was s0 a fred b15 dhu. the son ol l. Sand. loWino £1.0 In Ihe yar12024.. £01. All servres were ryovkled on bJsress lems wilh WntsoutstsThdlrwJ at tre y end dale. Noamunts h8ve been wtitten off to any reL8le(J partles in Ihe curr1 year. The Tru51ee5 h not been paKI experyses OrreMeraiTh *Jr role as TtU5teeoflhecharity. 19-
This document was delivered using electronic communications and authenticated in accordance with ihe registrar's mles relating to electronic fomi, authenticatior and manner of delivery under sectioi) 1072 of the Companies Act ?006.