REGISTERED CHARIT.Y NUMBER: 1149634 REPORT OF THE TRUSTEES AND UNAUDITED FII%ANCIAL STATEMENITS FOR THE YEAR ENDED 30 JUNE 2024 FOR EASTBOURNE EDUCATION BUSIINESS PARTNERSHIP CIO Xeinadin 2 Upperton Gardens Eastboume East SusSCX BN212AH
EASTBOURNE EDUCATIO.Y BUSINESS PARTNERSHIP CIO REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2024 TRUSTEES F Shafeek (Chair) (resigned 3111212023) R Cottrill Ms E Clements M J Hobbs K Ridley G Parfitt D Wynne Wilson (appointed 111712023) (resigned 191612024) F Potterton Education (appointed 171512024) M Purdie (appointed 91812024) P Marchant (appointed 2611112024) COMPANY SECRETARY R Hopkins FCA REGISTERED OFFICE 3 Bell Lane Lewes East Sussex BN7 IJU REGISTERED COMPANY LYulBER CE027925 (England and Wales) REGISTERED CHARITY NUMBER I l49634 INDEPENDENT EXAMINER Xeinadin 2 Upperlon Gardens Easiboume East Sussex BN212AH SOLICITORS Mayo Wynne Baxter 3 Bell Lane Lewes East Sussex BN7 IJU BANKERS The Co-operalive Bank PO Box 250 Dclf House Southway Skelmersdale 86WT Page I
EASTBOURNE EDUCATIOY BUSINESS PARTNERSHIP CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JULIE 2024 The trustees present iheir report and accounts for Ihe year ended 30th June 2024. The accoiinls have been prepared in accordance with the accounting policies sel out in note I to the accounts and comply with the Charity's goveming document, applicable law and the requirements of the Statement of Recommended Practice. OBJECTINES AND ACTIVITIES Ainis, Objectives and Strategies The charity sL'eks to ¢ncourag¢ infonned links between schools, colleges, biisinesses and the community thai enrich the curriculum, place stud¢nts' learning tn context and help students deN'elop vital employability skills for their working lives so that they are able both lo live more fulfilling lives and contribute signifi¢anily to the social and economic prosperity of th¢ arca. In pursulng these objectlves, we are particularly concerned to: { l ) Raise awareness in schools and colleges, and their students and teachers, of characteristics of the local and regional economy, economi¢ developments and employability, (2) Enhance the curriculum by otTering applied learning challenges in collaboration with local businesses, (3) Provide opportunities for schools and smdenls lo showcase their ialents and a¢hievemenls across a wide range of siibjecl areas and skills. and (4) Raise awareness within the business community of educational developments (at all levels), academic qiialificalions and the curriculum conient. Activities and Aehlcvements In 5¢1ecling ils aciivities the Charity has full r¢gard to the Charity Commission's guidance on public benefit, and our a¢tiviti¢s include: ( l ) Running Easibourne Youth Radio (EYR), in which l¢ams from many cducalional institutions in Ihe area produce Iheir ow) radio programnies which are broadcast locally on FM and worldwide via the internel over a Ihree-day period each November, each programme being sponsored by a local business or organisation. The EYR we ran in November 2023 had the support of 40 sponsors and enabled 12 different schools, colleges and community orbyanisalions lo pul on their own radio shows, with the participation of approximately 750 young people aged between 6 and 18. The 2023 event was ihe 23rd lime we have run this event and we estimate that in (hat time close to 36,000 young people have taken parl and have b¢¢n involved in prepariiig, producingJ and performing their progranune material. Some participants have gone on lo careers in the wider media and entertainmeiit sectors; every participant has gained a rangc of key personal and employability skills from their involvement. {2) Running The Big Futures Show (BFS}, an annual major employability and careers event held al Eastboume Sports Park. Our April 2024 event was attended by 1,700 students (and some parents and carers) from 17 schools and colleges meeting 83 poleiitial employers or organisalions involved in youth employment. (3} Running various "challenges in which small teams from schools take part in events lasting b¢tw¢¢n 3 few hours and all day. In the financial year we ran 5 challenges.. Junior Engineers, Junior Enterpris¢, Pantomime T¢¢hnology Challenge, Youn8 Chef and Downland In-Bloom. Approximately 30 teams from 18 schools took part, some participating in more than one event. Page 2
EASTBOURTr4E EDUCATIONI BUSINESS PARTNERSHIP CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 OBJECTIVES AYI D ACTIVITIES Looklng Ahead Easiboume EduLalion Business Partncrship CIO aims continually to improve its service and lo consolidate thc success aLhieved ov¢r many years wilh Easibourne Youth Radio, multiple "challenge" events for local schools, and since 2016 with The Big Futures Show. We are also very consLious of the need lo build our reserves in the light of our Covid-19 experience. To this end: (I) EYR 2024 ran in November 2024. (2) BFS 2025 is scheduled for 29 April 2025, again at Eastbourne Sports Park. (3) We are hoping lo re-launch our Young Ingineers Challenge with a digital iheme in January 2025. The Iriistees, priority will then tiirn to seeking further revenue streams to secure tlie Charity's fiJtiir¢. Part of this includes thc laLin¢h carly in 20?5 of a new website for BFS and associated liiiks with EEBP aiid Yoiith Radio to provid¢ a bctter on-line presence for 5¢hools, students and business partners. Graiil funding was secured for the necessary work. FIlYA'C1AL REVIEW Financial Performance During the ycar the charity made a surpliis of £3,24512023 £3,184). Financial Position Ai the end of the year the charity had an unrestricted general reserve of £16.445 (2023 ££13,200), The charity had no restri¢ted reserve5 (2023.. Nill and no commimient5 at that time and has not entered into any since thai lime. Prlncipal Funding Sources The charity is primarily funded through { l ) event participation fees charged to schools and {2) sponsorships from local businesses and the Boroii8h council. The charity also actively seeks grants lo siipporl and extend its work. Investment Pollcy As required by ils governiiig dociimeni and in furiheraiice of its objects, the Charity has the power to invest any of ils monies not immediately required for ils purposes in or upon such iiivestmei)Is, seLurilies or property as nuy be thought fit subject to such conditions and siich consents as may for th¢ time beiiig be imposed or required by law. Reserve5 Policy The trustees aim lo reach a position where the chariry should hold sufficient financial reserves in order lo ensiire that the charity can continue to op¢rat¢ and meet the need5 of users of the charity's s¢rvices in the even( of unforeseen and potentially financially damaging circumstances arising. Prior lo Covid-19 the Iruslees considered that a level of reserves of £15,000 was adequate to cover the risks involved in running the two major events of Easibourne Youth Radio and The Big Futures Show. In the light ot Covid-19 they now consider that they require reserves of at least £25,000 and are attempting lo rebuild them to al least this level. The truslees review the reserves policy annually. Investment Activlties The charity does not currently hold any material investments. Funds ITh Deficlt The Charity has no futids in deficit. Page 3
EASTBOURNE EDUCATIO.N BUIINESS PART,YERSHIP CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JU.YE 2024 FI.YALYCIAL REVIEW Trustees, Responsibilities Charity law requires trustees lo prepare financial gtatements for each financial period which give a true and fair view of the slate of Eastbourne Education Business Partnership CIO and of the surplus or deficit for that period. In preparing those financial statements, the trustees must.. (a) select suitable a¢¢ounting policies and then apply them consistently. (b} make jLidgemenls and estimates that are reasonable and prud¥nt, {c} stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial stalemcnts, and (d) preparc the financial statemenis on the going concern basis unless il is inappropriate to presume that the Company will continue in operalton. The trustees ar¢ 3150 rcsponsible for keeping proper a¢¢ouiiting records 'hICh disclose with reasonable accuracy ai any time the fiiiancial position of Easiboume Education Biisine.ss Partnership CIO and lo enable them lo ensure that the financial statements comply with the relevant legislation. The trustees are responsible for ensiiring that the Charity maintains an adequate system of internal control designed to provide reasonable assLirdnce that assets are safeguarded agaiiisl material loss or unauihorised ii.se and to prevent and detect fraud and other irregulariiies. This report has been prepared in accordance with the Sialernent of Recommended Practice - Accounltn8 and reporting by Charities and was approved by the Board on 25 FebNary 2025 and signed on its behalf. STRUCTURE, GOVERNAI%CE AND MANAGEMENT Governance Ea5tbourne Education Business Partnership CIO is a r¢gister¢d charity Icharily number1149634) and is regulated by the Charity Commission. Recrultment and appolntment of trustees New Tnist¢es are elected by ihe Board of Trustees. The Chair, working with one other Trustee, oversees ihe elections process for Board appoinlmenls, which are then approved by the board. A separate process agreed by the Trustee Board is followed for the election of the Chair. No other persons or bodies extenial lo the charity are eiiiitled lo appoiiil persons lo the Trustee Board. When making recruitments lo the board one of the key considerations is maintaining a balance of backgroiinds, particularly ediication, biisiness, the local authority and rhe local Chamber of Cominerce. 1..1 Tru5t¢es SerTring During the Period The trusteed1rcCIOrS ivho serv¢d during the tinancial year were.. Emma Clements Rob Cotlrill Kryssy Haniilion (Resigned 9 November 2023) Mcl Hobbs Gillian Parfilt F¢nella Polterton Keith Ridley Faiza Shafeek (Resigned 31 December 2023) Dan Wynne Willson {Appoinied I l July 2023, resigned 19 June 2024) Eduaction Local Authority Education Business Education Education Business Business Education Two rther trustees were appointed subsequent lo the financial year end.. Mandy Purdie {Appoinled 9 Augusi 2024) Peter Marchanl (Appoinied 26 Novernber 2024) Education Education Pag¢ 4
EASTBOURNE EDUCATIOLN BUSINESS PARTLNERSHIP CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 STRUCTURE, GOVERI4IANCE AND mANAGEIE15T Orgoni50tional Structure Eastbourne Education Business Partnership CIO is governed by ils Trustee Board, which is responsible for setting th¥ strategic direction of the organisation and the policy of the charity. The Trustees carry the ultimate responsibility for the conduci of Easibourne EduLatiun Busin¢ss Partncrship CEU and for ensuring that the Lharily s&lisfies ils legal and contractual obligations. Trustees nornially rneel as a minimum quarterly and delegate individual aspects of day-to-day operation of the organisalion to individual trusiees, to ihe Hon Treasurer, or lo sub-contract consultants. Major rlsks As part of our on-going risk assessment and management, the major risks lo which the charity is expos¢d are periodically reviewed by the Trustees. The Trustees are satisfied that appropriate measiires are being implemented lo mitigate the etTects of those risks. Internal risks are minimiscd by the implementation of effective financial and administrative controls and procedures, and by ensuring consistent qiialily of delivery for all operational aspects of the charity. The Big Futures Show {BFS) represents a material outlay which exposes the charity to a shortfall in the event of inadeqiiate revenues from the event, and the Iruslees take care not to expose the charity to significant costs until a high proportion of the required income is coiifirmed. The trustees are particularly concemed lo eiisure adherenee to best practice child protection and safeguarding measures. Approved by order of the board of Inislees on and signed on its behalf by.. M J Hobbs - Trustee Page 5
INDEPENDEYT EXAM1Tr4ER'S REPORT TO THE TRUSTEES OF EASTBOURNE EDUCATIOYI BUSINESS PARTNERSHIP CIO Independent examiner'$ report to the trustees of Eastbourne Education Business Partnership CIO ('the Company,) I report to the charity Irustees on my examination of the accounts of the Charity for the year ended 30 June 2024. Responsibllltles and basis of report As th¢ charity's trustees you arc res'ponsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having salisficd myself that the accounts of the Charity are not required to be audited under the Charities Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out uiider S¢¢tion 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have follow¢d th¢ Directions given by the Charity Commission under Section 145(5) {b) of the 201 l Act. Independent exan)Iner's statement I have completed my examination. I confinn that no matters have corne to my attentioii in connection with the examination giving me cause to believe.. accoiinting records were not kept in respect of the Charity 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 reqiiirernents of Section 396 of Ihe 2006 Act other than any reqiiiren)ent that the accounts give a true and fair view which is not a matter considered as part of an independent examination,. or 4. the a¢¢ounts have not been prepared in a¢cordan¢e with the methods and principles of the Sialenienl of Recommended Practice for accounting and reporting by charities (applicable lo charities prepariiig their accounts in accordan¢¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)). have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to eiiable a proper understanding of the accounts co be reached. Mr Andrew Hill FCA Xcinadin 2 Upp¢rton Gardens Ea51bourne East Sussex BN212AH Dale.. Page 6
EASTBOURNE EDUCATIO.N BLSINESS PARTNERSHIP CIO STATEIWIENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 2024 Unrestricted fund 2023 Total funds Notes INCOLIIE AND ENDOWMETS FROfvI Donations and lcgacics 1,900 2,121 Other trading activities Other income 43.914 131 43,197 156 Total 45,945 45,474 EXPENDITURE OYI Charitable activities EduLaiional Purposes 42,700 42,290 ,YET INCOME 3,245 3,184 RECONCILIAT10Tr4 OF FUNDS Total funds brought forward 13.200 10,016 TOTAL FUNDS CARRIED FORII'ARD 16,445 13,200 The notes forn) part of these fitwicial statements Page 7
EASTBOURNE EDUCATION BUSINESS PART.NERSHIP CIO STATEMENT OF FINANCIAL POSITION 30 JUNE 2024 2024 Unrestricled nd 2023 Total funds Notes CURRENT ASSETS Debtors Cash at bank 4,715 20.958 7,964 13,189 25.673 21,153 CREDITORS Amounts falling duc within one year (9,228) (7.953) NET cuRRET ASSETS 16,445 13,200 TOTAL ASSETS LESS CURRENT LIABILITIES 16,445 13,200 NET ASSETS 16,445 13,200 FUNDS Uwcstricled funds 16,445 13,200 TOTAL FUNDS 16,445 13,200 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 Jun¢ 2024. The members have not required the company to obtain an audit of ils financial statements for the year ended 30 June 2024 in a¢cordance with Seciion 476 of the Companies Act 2006. The tnlslees acknowledge their responsibilities for (a) en511ftg that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Compani¢s Act 2006 and preparing financial statements which give a true and fair view of the stale of affairs of the charitable company as al the end of each financial year and of its $iPILlS or deficit for each financial year in accordance with the reqiiirements of Sections 394 and 395 and which otherwise comply with the requirements of the Comp&nies Act 2006 relatiiig io financial statements, so far as applicabl¢ lo the charitable company. (b) These financial statements have been prepared in accordance with the provisions applicable lo charitable Companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authori5ed for issue and were signed on its behalf by: on M J Hobbs - Trustee The notes fonn part of these financial statements Page 8
EASTBOURNE EDUCATION BUSINESS PARTIERSHIP CIO NOTES TO THE FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES Basis of preparing the flnan¢lal statements The financial staiemenls uf the Clritable ¢ompany, whiLh is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'AcLounting and Reporting by Charities.. Statement of Recommended PraeliL¢ appli¢able to charities preparing their accounts in accordance with the Financial R¢porting Standard applicabl¢ in the UK and R¢public of Ireland {FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Rcpublic of Ireland, and the Companies Act 2006. Thc financial statern¢nts have be¢n pr¢pared und¢r th¥ historical cost convention. Income All incom¢ is recognised in the Statement of Financial Aelivities once the charity has entitlement to fhe nds, it is probable that the incom¢ will be rcceived and the amount can be measurcd reliably. Expenditure Liabilities arc recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charity to that expcnditure, it is probable that a transfer of economic benefits will be required in settlement and Iho amount of the obligation can be mLasiired reliably. Expendiilire is accounted for on an accruals basis and has been classified linder headiiigs that aggregate all cost related to the category. Where costs caiiiiot be directly allributed lo particular h¢adings they have been allocat¢d to a¢tiviti¢s on a basis consisteiil with the use of resources. Taxatlon The ¢harily is exempt from corporation lax on ils charitable aclivilies. Fund accountlng Uiire%lriLied tiinds Can be iised in a¢¢ordan¢¢ with the ¢harilable objectives at the discretion of the tn15tees. Reslricled fiinds Lan only be iised for particular reslricled purposes within the obje¢ls of the charity. Restrictions arise w'hen specified by the donor or when fiinds are raised for particiilar r¢stri¢led piirposes. Further explanation of the nature and purpose of each nd is included in the note5 to the financial statements. OTHER TRADING ACTIVITIES 2024 2023 Event sponsorship and participation 43,914 43,197 TRUSTEES, RE,NIUNERATION AND BE.NEFITS There were no trustees, remuneration or other benefiis for the year ended 30 June 2024 nor for the year ended 30 June 2023. Tru$tee$' expenses There were no Inist¢es' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. Page 9 continued.
EASTBOURNE EDUCATION BUSINESS PARTLYERSHIP CRO NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ELNDED 30 JUNE 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legaLics 2.121 Other trading activities Other income 43,197 156 TotAI 45.474 EXPENDITURE ON Charitable activities Educational Purposes 42,290 NET INCONIE 3,184 RLCONCILL4TION OF FUNDS Total fiinds brought tonvard 10,016 TOTAL FUNDS CARRIED FORWARD 13,200 DEBTORS: AMOUNTS FALLILYG DUE WITHIN ONE YEAR 2024 2023 Trade debiors Other debtor5 PrepalentS 4.504 7.305 483 176 211 4.715 7,964 CREDITORS: AMOUNTS FALLING DUE WITHIN OINE YEAR 2024 2023 Trade creditors VAT Other Creditors A¢¢ruals and deferred income 1,069 1,106 302 6,751 (106) 1,782 6.277 9,228 7,953 Page 10 ontinued..
EASTBOURNE EDUCATION BUSINESS PART.YERSHIP CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ELNDED 30 JUNE 2024 MOVEMEIYT IN FUNDS Net movement in funds Ai 3016124 Ai 117123 Unrestricted funds Unrestricted Funds l3,200 3,245 16,445 TOTAL FUNDS 13,200 3,245 16,445 Nel movement in funds. included in the above are as follows.. Incoming resources Rcsoiirccs expended Mov¢m¢nt in fiii)ds Unr¢strl¢ted fund$ Unrestricted Funds 45,945 (42.700) 3,245 TOTAL FUNDS 45,945 (42,7001 3,245 Comp#rAtlves for movement In funds Net movement in fiinds At 3016123 Al 117122 Unrestricted funds Unrestricled Funds 10,016 3,184 13.200 TOTAL FUNDS 10,016 3,184 13,200 Comparative nel movement in funds, incliided in the above are as follows.. Incoming resources Resources expended Movement in fund Unrestricted funds Unrestricted Funds 45,474 (42,290) 3,184 TOTAL FUNDS 45,474 (42,290) 3,184 Pagell continued...
EASTBOURNE EDUCATIOIN BUSINESS PARTINERSHIP CIO YOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 JUNE 2024 MOVEMENT IN FUNDS- continued A ruent year 12 months and prior year 12 monihs combined position is as follows: Net movem¢nt in funds At 3016124 Ai 117122 Unrestrieted fund$ Unrestricted Fiinds 10,016 6.429 16,445 TOTAL FUNDS 10,016 6,429 16.445 A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows.. Incoming resources Resoiirces expended Movement in funds Unrestrleted funds Unr¢stri¢led Funds 91,419 (84,990) 6,429 TOTAL FULYDS 91,419 184,9901 6,429 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 June 2024. Page 12
EASTBOURNE EDUCATIOY BUSINESSI PART.NERSHIP CIO DETAILED STATEMENT OF FILYANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 INCO.NIE AND Ef4DOWMEliTS Donations and legacies Donations 1,900 2.121 Other tradlng activltles Evcnt sponsorship and participation 43,914 43,197 Other income Lottery In¢ome 156 Total Incomlng resources 45,945 45,474 EXPENDITURE Charituble Aetlvltles In5uranLe Telephone Consultancy Fees Event Catering Evcnl Communication Event Mat¢rials Event Promotion Event Staging Eveni SLiiidry Event Transport Event Website EYR Broadcasting Subs¢riplions Travel 597 162 14,684 2.07() 67 634 6,935 2,595 24 9,980 1,077 ,435 321 1,750 521 162 14.800 3,651 151 662 5,603 2,696 67 8,979 954 1,435 324 1,685 42,340 41,690 Support costs Governance costs Accountancy and legal fees 360 600 Total resources expended 42,700 42,290 Net income 3,245 3,184 This page does not forni part of the statutory finan¢ial statements Page 13
EASTBOURNE EDUCATION BUSINESS PARTLNERSHIP CIO CONTENTS OF THE FINANCIAL STATEMEINTS FOR THE YEAR ENDED 30 JUNE 2024 Page Reference 4nd Admlnlstrative Detalls Report of the Truslees Independent Examiner's Report Statement of Finanelal Aetivlties Statement of Financlal Position Yotes to the Flnanclal Statements 9 to 12 Detalled Statement of FinAn¢lol A¢tlvltle$ 13