Charity numtrff. l 163658 Esse% Boys & Girtsoubs Cl.0. TnJstee¥ report and financk?I ststemenrs fortheyearended 31 tkcemtEr 2024 Essex ￿ & Girls ClubsC.I.O. Ccfftnts Chèriiy Reference and Administraiive Deiails Trusiees. Report Independeni Audiiorf5 Report Siaiement of Financial kiimties 12 Balance 5heei 13 Siaiement ofCashfli)ws 14 Note5 10 Ihe Financial Accounts 15-25 E55ex ￿ & Gir15 Clubs C.l.O. Chanty Reference and AdministratNe Details For rhe yEar etNJeil 31 D￿rnt￿ 2024 CW inforrwion Chariiy Regisrraiion Number 1163658 Tru51ees." l.P. Doug145-Hughe5 OBE DL M.1. twr M8E G.P. Middleton FCA P. Drumrnond D. Springeir Mrsl Fosh R.C. Mills Principal place of busine55'. Harw3y House Rectory Lène Chelmsford Essex CM1 1 RQ Auditor. hing5 (hanere(J AccoJnTanis Norihside House C(KkfosEers Pafède Barnei EP14 9EB Gepps Soiiciiors 5 SpringfEld Lyons Approach Chelmsford Essex CM2 5LB Bankers". CAF Bank Limiie 25 Kings Hill Avenue Wesi TvTalling Kent VE19 4IQ Lloyds B8nk High Sireei Chelmsford E5se¥ CMI IDU CCLA Inves[m￿l ManagemenT Limlled Senaior House 85 Queen Victoria Street Londo EC4V 4BT Na(Wesi Bank plc Chelmsford 8ranih 4-5 High Sireei Chelmsford E55ex CMI IFZ Page T E5s&x Boy5 & Girls Clubs C.l.O. Registered Charity No. 1163658 Trustees Report The Trusiee5 heieby presefjt Ihe fiDanci31 siaiefnents of Ihe t5sex Boys & Girls. Clubs for the year ended 31 Decetnbef 2024. The financial Sl8iefflents have been prepared using applicaole accouniing sianttartts congsieni with pr￿40￿$YearS and In accordance wiih Ihe recommendation5 of SiaEefneni of Recornmen¢Yed Praciice Ikcouniing bychariliesl. The negaiive legacy of Ihe Covid 19 Virus pandemic Ihai Impacied Ihe UK ¢>4W two years from klarch 2020. hès krgety passed bur the cultural changes li and Ihe ensuing rnacro-econoFnic conseqLSence5 left pr￿allIn& coniinue 10 Itnpact upon funding Ihe ffluch needed expan510n of opporiuniiie5 10 young people. This Charity is adapiable. cornrniiied ènd deiermined io coniinue 10 execuie lis aims anol obiec11ves, 11 remains flemible In Ils ability io meei changing needs and coniinues 10 be well placed to do so. Constitution and Objetbves Essex Boys & Girls Clubs was lorfflerty, known a5 The Essey A55(Kiaiion of Boi5 aub5 pnoT to 2¢X19 Wilh effe(t frotn I:, january 2016, It Iransferred Its 855e15 Inio è chariiable incorporaied organisaiion The general otsjeciives ofthe charityare 10 further the d￿erOpr￿enr and educaiion of boy5 and young and grls and young women. primarily but noi exclusively In 8 single gender 5eiiing so as 10 help Ihem achieve Iheir phy9cal. Mental and spiriiual poteniial enabling Ihem to grow 10 lull maiuriiyas individLhals and members of society. ancl for Ihis purpose io. Encourage the lormaiion ofnth clubs for young people and rer￿er assisrance and guidance 10 exisring club Provide a comprehensDE prografflme ofadveniufOUS SPOrtill& and Ireaiwe activiiies 10 bring young people rogether 10 appr￿late. leaf and develop Iheir personal skills. Promote an iniere5t in boys and gif15work ty tnaintaining contact with oiher bodEs siaiutoryandvolunt3ry. interested in the welfare of yOLJng people. Promote co-operation beiween affiliaied clubs for Iheir muiual tEnefi- ano fosTer Ih•r coniaci wih The naiional body. Arouse public Inierest. recruiL and arrange for Ihe Iraining of leaders ano helk*rs. Raise fund5 for Ihe furiherance of the objecis of the charity. We have referred 10 the guidance In the Chèriry co[nm￿S￿n'S general guid￿Ke ￿ public benefii when rwwng our aims and obieciDos and In Ihe pl3nnin8 of fuiure acrivitie5. In Particular. Ihe Irustee5 Consider how ￿￿nned aciiwries will coniribure 10 rhe aims and obieciives Ihey have sei. Organlsarion Trustee5 The organisaiion employs a number of full lime and pari-iime siaff 10 IES senriie& heède£J by a Couniy Director The tru51ees are @lecied ty the members at The AGM. The ChiefCon5table of Essex and the B15hop ofChe5fflsford are each entilled to èppoini one Cofnrniiiee member The Irusiees who sefved during Iheyear are Iisied in Ihe Legal and Aominisiratve detail The organisation keeps under consiani Ihe desirability of stren81henlngi￿ skills and experience of It5 board of tru51ees by further recruitrnent Newly 3ppoinied trustee5 are Iikelyto hove experience of workingwiih young people and reCe￿ie Inouciion Iraining and wriiien Informaiion about Ihe organisation'5 constiLLltion èn(J work. ano gui(lan(e on Lheir durie5 and responsib..Iiiies as Irusiees. Related Part*s Essex 8oys & Girls Clubs is a founder member ofthe National AsyKiaiion of ty & Gir15Club& an Organi￿110￿ formed 10 promote Inter-couniy relaiionships national ￿n[s. Page 2 Review of the Year A(twitie5 and Perforrnance A more detailed review of Essex Boy5 & Girf5 Club5 a(rMiies an(J ouicoffles is published separaTety In Ihe Annual Rwew. a prinied report accornpanying Ihese accounrs. The cttarity has his1orical￿ delivered and expects 10 coniinue io delp￿[ ils obiectve5 in a nufflbei of w3y5'. Mernber Club Supporr progr3fflffje- Trained club support officeis regular￿￿51[ all affiliated youfh club5 during operarional periods ro advise and ass1sI wilh constiiuiional. regulaiory ond governance guidance and promoLe opporruni(ies f￿ young members ro participate In the org3nisation's acriviry programmes. The challenges of re-esiab115hiq8 ancj Supporting 3ffilièied youLh group5 tX>5t pand￿￿￿ continued in 2D24 GetlingyoLJng people and volunreers back Into clubs remains a vit81 pèq of Ihis Ch3riigs ambiiions Activitie5 and Events progrbmme- A véide range of acfveniurou& sporting and aris-baseol acipAiies are being re-established and staLTed regulaf 10 encourage ie3m spirit. compell1￿￿e fair play ènd CreaL￿ skills in Ihe young people partici￿rIn& and Ih&ir1eaO&rs These are delivered lo(ally. iounty wioe. and in concert wilh other coUnry-￿Sed yourtt organi¥iion& regional￿ and naiionally. A porrion of Ihe progr3mFDe 15 deliveied at the Ofg3nis3iion's owr, outdoor acrwity cenrres ai High Row In Cutnbria. Maes-y-Lade In Povw and Layer Plarney Outdoors In E55ex. Educaiion and Training- ProgramTne5 coniinually In hand. many InOm(JUal￿ funded. InclL&de leadership. firs1 aicj. child proieciion and drug warene55 courses for club leaders and membefs. acimiy qu31ificarions for siaff and youih workers. apprentice youih worker training 5ch&me5 ancl"Respeci" the charil/s nagship Initialr￿ which oier rryany ye3r5 h35 pr(wen to be an excepiion3lbrf 5uccessfLJI life skills and behaviour appreciation and modifying eiperience benefiiing many hundreds ofyoun8 people. The Respe£L programme continues to 3tiract good funding and coniinues 10 JelDier very posiiive benefiis to Ihose pariicipatinv Outcomes foryoung People in 2024 2024 was anoiher excellent year of(Jelr4ery. we £￿tinUe(J 10 eXpar￿ opponuniiie5 available 10 our 3ffili3ted dub networl young people and volunteers Ai Ihe year end EBGC had 147 affiliaie(I member groups comprising In excess of 14.000 young people. Our ialendbr of evenis Iriclude5 long st3n¢Jing evenis as well as evenis a￿1 aaThqiies. 2024's calwdar was full of Sports. championships, ciiviiy d3y5, art5 opportunitie5. iepresentative SqLSad ￿rnes. NAiion31 rrainingand resxyeniial oppolluniiies- offering a wide range of exciting 3ctiviiies for young people and clubs In ¥*hich 10 Panicipaie. From our affiliaied clubs we had 189young rRople enief Ihe Naiional Boxing champl￿ShIpS 11 going on io be N3rional Charnpions. We ha51ed the Class D fina15 as a Dinnef Show ai Braxied Park Ydttere 229 people enjoyed a fania511c evening of boKing- The Spring Fun Run held ai Langdon Discfftry Park wa53 new eveni for 2024. 21 IndM(JLSals took pao and because ofgrear feedbBck thai eveni will be back In 2025. Even15 at Uyer Marney Outdoors coniinue to be powlar wilh Ihe 24-hour Survwal Challenge attraaing 23 young people, and Laser Tag atiraciing 43 young people In 12 ieafns. Our ar15 programme 15 going from sirength 10 sirengih wilh 5 new edenis on Ihe calenthr and a newly funde￿ programme. Theaire fof All, which ha5 seen 40 young people to Oat& lake part Èarning skills such as dance. scripL %griiip.& stage COTnb3t and drarna, ancj have performed Iheir ow ork highlighiing topics Including bultying. gangs. knife Cfirne ancj self-ideniiry. An E6GC highlighi of 2024 was iaking S young people vlho had no KErforfflance experience ittroJgh the EBGC Theatre ill a week programme 3nd th&n on to perform In Ihelack Peichey Celebration event in L￿dOn'5 Wesi End ai His Majestys Theaire. 14 Young people from cjifferent affiliaied clubs (ook pari in rhe Concreie Canvas Festival in Chelrnsfofcj crearing a permanent pie(e of artwork for Resideniial opporiuniiie5 reFnain a core of our Wofk and In 2024 included Iheiack Peichey Found3iion Re51deniials which allowed 471 yOLSng people 10 visit either Maes Y Lade or High Row on a 5 day a(fventure. A(JO tionalty. our Young Leader and Arts Re51dential continue 10 provide enriching developmenial experiences for participan￿. The Nep31 Adventure returned in 2024 and marked our fiN Irip since 2018. A group of 7, including 2 sioff member5. efflbarked on an exciiing journey ree51ablishing connect1￿5 wilh the r&moie ￿lIage of ￿fpa￿ Their acfveniure began In Kathmanou. before embarking on a hike to Barpak where they immersed Ihemselves in the local corYTrmunity and school. Tre Irip concluijed wth an exhilarating whiie-waier rafting experience on the Rivef Trishuli before reiurning hotne. Page 3 EBGC Siaff members also headed 10 Tennessee to explore pan of Ihe*)paLichwn Trail and 10 coniinue building a felaiionship wilh Ihe Bos and Girls Club5 of Ihe Tennesse Valltry. wirh a Mew10 iaking a group ofyoung t￿pIe1club ￿T5 in 2025. The Respect Proieci. fif51 established In 2000. 15 still changing lives of young oeopleacross Essex. In 2024, we successfully delivered 12 projects throughoul the year InvO￿l￿g around 540 young peopfe. I[npre55Jve￿. 89.S4b of Ihe pariicipaiors reported an ImrKovemeni In their menial wellbeing by the end ofthe proieci comparetj to the begnning. The Youih Voice Day was Ihe Ihird conference organized by EBGC In colL3boration the Essex Council for Volunt3ryYouth Service5 IEQIISI. Ihe Essex violence and Vulnerabiliry UniL and Essex Police. The eveni saw Ihe pariicipation of 180 Individua15, including repre5eniBiive5 froffl 14 delivery organis3Lsons and 20 orgènisbiions Ihai look pari In an Inforfnaiion fair Young people had ihe thance to voice Iheir concerns directly to Essex leaders Following anoiher ￿(ceSsful year. we are already pLanning for the 2025 eNEni We continued delDRring Ihe HolidayA(IiMry and Foo¢J Programme. fvndeij tylhe Department of Etjucation. In both E55ex and the London Borough of Redbridge. Operaiing across 6 siies we reached è ioial of4.197 aiienoances Ihroughoui Iheyear. We prThfjLleol young people wilh engaging aciiviiies and workshops ensuring each pariicipant re(eNed a hoi meal during everywsii. Our National Citizen Service INCSI prograrnrne In 2024 focused on prowding young people with life Skills. ernployabiliry Social aciio opporiunities., These session5 include(J personal finance and Tnoney maTrioemeni. menial healih awafeness. communicaiion. leadership an iearnwork skills and Pfeparing for exams and saw 675 young peop￿ lake pari. 2024 has been a busyyear filleo wilh remark*)le aChi￿eMen[￿ As look ahead 10 2025. remain iornmiiied 10 offering evenis, 8CllWties, and Iraining opportuniiies fof all our affiliaiecj clubs and members Our successwould not be possible wilhoJt the support of our club neiwork and pèriner organisaiions We are deeplygfaiefLJI to all our affi1&31ed clubs. club leader5. volunteer5. yOL5ng people. fundef5. pariner5 for Iheir unwavering support In making our progfaffl5 possib*. Strategic developtnents Whilst Ihe delpiery siaff have been engaging young peoFAe. during 2024. ihe countydireciN tos represenied E8GC on a range of bodies Inclucling the E55ex Souihelld and Thurrockviolence and Vulnerabiliry BoBrd and Exe(Uli¥e group. Ihe Easi of Englond and Easi Midlonds Regional Youih Work Unil where he Is Ihe IreasLJrer. E55ex Council of Volunrary Youih Serwces where the is itte Chair. Naiional ￿9)ciall0Th of Boys and Girls Clubs where he Is Blso Ihe Ire3surer and he is Included as par( ofitte World Youih Clubs Mission Advancemeni Team on a volun13ry capacity He also represenis EBGC at a range of oiher bodies and Irusis In Essex and Easi London As a resuli of Chis Involvemeni. he meeis regularty ¥Mih Ihe Oepartmeni for Culiure Med&3 and Spon yOLrth teatn 15 8 tnember of the All.P3fty Parliameniary Group on Youih affairs and Ihe All-Party Parliomenièry Group on Boxing. He has met wilh the new governrnent tnin15ter Siephanie Peacock MP for Sport. Media. Civil S(Kieiy andyoulh as pa￿ of a N3iional Boy5 and Gir15 Club5 lobby of ihe new governmeni 10 16lk aboui the ifflportance of youth Services and yOLJfhwork. Oiher 513ff have atiended fflany funciion5 conferences such as a number lo func110n wih The Ri Ilon Esrher Mcvry TVIP 10 c&lebr81e Sr George5 Day and 131k bbout Our work. These opportuniLies highli8hi Ihe imwrrance of our work and Ihe high esieem rhat EBGC 8re held in locally, On b loc31 level we input Inio all the v6riou5 Council b(xJies Ihai dealTrMih yourh and young people. seeking ro boih support Iheir yOLJih seTrices and look for opporiunities 10 further EBGC-5 atns aryJ obJeciil.es. Financial Rewew 2024 saw a welcome 9% Increase In toial Incorne of Él.508.E83 after Ihe disrupiion aitribJiaiYe io Ihe 2020121 pandemic This Confidence boosting recovery enabled an T l % Increase in expen(JIiLJre 10 É1.508.632. iarnping up the activlties outlined In Ihe pr&ious seciion of This report. After recording 3 £91,949 unre3lised gain on irwes(ment% (see Ihe o)Iicysiaiemeni on page 61 the net effect was a p05111ve Dei fflovernent of funds of £92.000. Alihough Ihiswas less than Maifof Ihe pre￿ou5 ￿arf5 [n(P￿[ne￿L IL refieas a much welcome Increase In aciiviiy levels arising from getiing on wilh delivery in slighily ￿esS unceria1n limes. Invesied core c85h re5erve5 performed In line with expeciaiians in ihe year de¥)iie also reruming less Ihan 50% of Ihe previou5 year5 unrea115ed gain. These funds are Invesied In COIF Chèriries Investmeni Fund rnar￿gert by CCLA IrNestfnent klanagement Lid an organisaiion sewing a wide 5peciruffl of registered chariiies. The an31￿lS of overall net movemen15 on Resiricied antj Endowmwi Funds sawan increase of £50.041 in Ihe year resulting In fund5 carried inio 2025 of £642,122 De51gnaied Project Funding decreased £125.161 ro £1.581.432. Included In th15 latier 5urn are reserve5 prudenilyset aside for both coniingent and conir3ctus1 Iiabiliiies as well as sums sei aside 10 pay for proieas and Inniy¢atlOll5 yet to be specifically funded These reserves. a11 held In cosh and Invesie(I fund& Pforeas the charity froTn any:hreai 10 lis going concern ap,d uniYerwrite5 lis flexit>ility to respond 10 demands on ils resources. Unresiricied or core fund resetves were Increased by £167.120. including Ihe unrealised gain on Invest￿e￿(S meniioned above and largely replace funds callecl down in 2023 of £1 D7.W 10 fund unfinanced acimty in Ihai year. Unresiricted reserves at the year.end aFnounted to £1.497.422. ofwhich some É794,327 wa5 Invesied In freehold ￿t￿￿)r regdenik31 C￿TreS thèi were %%ell used In Ihe year. Total nei asseis held across èll Funds IrKfeaseO 10 £3.720.976 of which £2.926.649 represenis liquid funds. PBge4 Wilh core c05t5 forecast at £665.000 In 2025. Ihe Iharity ha5 50tne 12.6 Month¥v￿rth of cash feseive5. verysligh¢ty' more (han its 12-month operaring re5erve5 policg and more than adequare 10 Prese￿￿ary Ljnfunded èntKipated operatin8 capabiliry. Principa5 Wnding Sources A1Th05r of toial Incoffle ar05e froffl voluntary donaiions and grant5 rèised for speofK acimties aTrY genefal appeals. Viriually no Income wa5 received from the Nationèl Loitery this year despiie a number of applicaiions. Ceniral Governmeni pro￿￿ed 1224.762 via rhe Dep3rtmeni of Culiure Media and Sport for the consiruciion of a replacerreni building 10 re-house Lifsian 8oys and Girls Clubs. This resiricied fund 15 conrrécte 10 be 5peni In 2025. Ihe liability Is fully Pfowded for In these accounts The DCMS a150 granted £58.950 Ihrough UK Youth for projeci funding. The National Citizen Service scheme Funding has been switched io Hear 2 L15ten who contributed £SD.234 for delivery of this on-going proieci. Sub5tanii31 funding coniinued to be receveo froFn Essex County Council ènd Ihe London Borough of Redbridge ènd Ihel3ck Peichey Foundètion in suppori of Holiday Hunger actwi(ies and fesitjeniial programmes ai hlaes Y Lade designerj (o offer young people opporiunities away frorn home It 15 bnticipaied that funding for Fk)lid8y Hunger prograTnrne5 rDaycoffle ro an end In 2025 The Organisaiion 15 5ubstan11al￿ supporied by thelack Perchey Found31ion lrnaior funder of (he Tre5pecf PfogfaFnfnel and Ihis charitO5 much esieemed principal sponsor. Ihe Essex Youth Trust. Essex Council for voluniary Youih Services. The Rafik Foundaiion, the Police Conrnissioo. and number of oiher local and naiionèl Charii3ble Trusis who (￿linue 10 place greai value In rhe type ofwork and successful ouicomes EBGC underiakes and obiains wiitt young people. This Chariiy Is clearty Inclebied 10 Ihese Tfusts and very appfeciative of all Ihis support for Its The remaining 3046 of ioial income vlas earned from hwtysubyLltsed &en( and acrr44ty paf11cipoiion fees a stnall fiUTDber of fundraising events nd Iniere51 earned on cash detK>sil EBGC coniinue5 10 be aciive and resourceful in generaiing appropriaie Incorne frofn Other sources aod th15 is a perpetual quesi. Meanwhile 11 reiain5 Sufficient reserves which are available 10 bridge possible fundinggap5 50 as to tnainiain its regular resourced ￿el￿ery Pfogrammes and enable It 10 Inves1,n fuiure ooporiunities. Plans for Futkjre PeTiods Essex BoJ5 & Gir15 Club's Iniend5 10 continue 10 develop itswork in cre31in8 3nd wpporiing youth a([￿'11Y groups and programme5 giving young people opporLunit'es 10 reach Their full poieniial Inio adulihood. 11 wll coniinue 10 work with lis funding Paftner5 10 achieve ouicomes cofflmen5urate wilh ils si3red objeciives 11 will seek to erigage in both Sfn311 and large-sca* projects to provide facilities and opporiuniiies for young people 10 pariicipaie In meaningful educaiional and ￿Ys￿OI￿{haljen8lrE aamties ancl events 10 betier infiuence Iheir char8Cter ènct life The demand for more and beirer yo￿￿ prcmsion has rarety been greaier and ihe need for tnore afKJ betier youth prowsion coniinues ro aiiraci 31ffl051 daily medi3 headlines. The charity has a core of InnOVatp￿. enierprisingand experienced employee& highly motivaiecl and able 10 re5ponO 10 new demands 0pooriunili￿ 10 engage are consionity soughi and iaken. ano ihe finances are sufficiently Secure io ensure a strong ènd responswe presence in Ihe pur5uiI of It5 charii3ble obiectwes. 11 a150 h35 perm8neni resourie5 In lis resioential cenires 10 offer fM)ieniialty life changing opporiuniiies and experiences to young people away from their local en%ryrons It Is In the process of delivering IL5 nag5hip Trspe(L- proiecis acr055 Ihe UK and Is also underwriling Ihe formarion of new youih group5. incILJding new prern15es Ihai sMII become valuable asseis 10 many local communiiies. 11 is the opinion of the Irustees thai Essex Bcys 8 Girls Clubs has tK>th Ihe re￿￿taIlon an(J re50urce5 to make a considerable posiiive difference to young lives and has excelleni developmental pr￿￿￿5 for ihe fuiure. Policies of Trustees ReSe￿￿5- Gpven Ihai virrualty none of Its fup.ding 15 secured In ihe mediuFn 10 long refm and fherefore carres a high risk ofvolatility 3nd Svnsiiiviiy 10 changing circumstances. Ihe tru51ees, after careful consideration of Ihe organisation'5 fuiure pbnned expenditure and probability of mainiaining Its Income. beI￿Ve li 10 be prudeni to [r￿l￿taIn unrestricted reseNes of noi more Than 12 monihs. expendiiure incurred frorn unresificied funds. Grant rna￿ng- Granis are macle 10 affiliaied club5 Out of the General Fund on the basis of rnerii ar the ¢Jiscfeiion of Ihe Iru51ees Fundraisin8- The or8anisaiion Seeks 10 obiain granis and clonations for lis aClivILie5. A nufflber of events are $1è8ecl regularly wilh Ine purpose of ra151ng lun(Is lor Core aciiviiies. The majority of fund5 raised are froTn èPFEa15 forvoluniary donaiions from parinering orgonis3110ns and Risk Asse55rnent and Monitonng- Risks are c0niinual￿a5sessed and moniiored ty boih senK)r sraff and Irusiee5 Vlho meei regular￿. The principèl risk area5 recogn15ed by Ihe association are caiegorised a Page S rn Composiiion of IrusEees-Trusiees are recruitecl frorn *1 sectors of the county and tsroad￿ fepre5ent afFilièted clubs. Ihe Youth Service. the Church. indu51ry and bu51ne55. and the police. Direction afjd forwaid pl6Dning- The organisaiion has a sirategic ￿an c(Nering Ihree years forward operaLional developmeni. Key Per50nnel-The tru51ees regularty rLyew perforrr￿nCe. appropnalef￿5s3nd succession. Reporiing to Tru5tees- Each officer of Ihe ofganisation reports OirecrWio Ihe Irusiees 01 lea51 four times each year. eiiher verballyor in writiflg. Serwce5 to affiliaied clLJbs-con5tani feedtsack is 5whi from clbbs. AJI projecis are planned. moniiofed and twaluated Qualiiy control_ Ihe use of Irained. qualified per5cnnel and de-briefing procÉ¥Jures en5ure5 quality mainterLance of actiwitie5. co￿p1a1n[S procedure5 are in place 10 itseniifydefciencies Fundra151ng- fund-raising staff are employed 10 enwre adequate rewenue is sourced from a varieiyof benefactor& min1rn15ing dependency on any one source. Employmenr Issues-There is a formal recruirmeni wocesswhicn ensures equal opporiuniry. Referenc￿ are iaken up and 311 relev3ni checks made. There are griewance procedLJre5 and defirbed channels ofcornmunicaiion The (I￿rity has a150 engaged with a prOfess￿Onal HR organ15a110n for further supporL Health & safety- CoTnplianie v411h sratutory iegulation Is rewe4¥ed regulafty. Safeguarding- rhe chariiy operares a compfehenswe p)IicyTO pr￿ecI all parTiciponis and si3ff In lis acriviiies ancl siaff are coniinually Irained and upoated in Its application. li offers safegvartting Iraining progratnffie5 10 all affiliatetj [nernb￿S and as50Cl8ied volunteer5. Disasier recovery planning All critical COTnpuier15ed daia Is adeouaiely rep1icaied off site. Piins are In glace 10 Implemeni essential procedures during any period of disfupiion. aod Lo re￿Il(j nOTtnal operaLiopknl tapacjty. Budgetary conirol and reporiing. The finance offiier prepares annual tAJdget5 fOr￿aSil￿g Fnonihly 135h flow5 which are 3pproved by Ihe rrusiees. These form comporaiNes againsi aciual repofTS Cle1￿ere￿ ro itte Irusiees four limes annualw AnnLJal accounis afe prepared In accordonce v4iih èppropriaie accouniing requireFnent5. The accounis are audited. èpproved by Ihe tru51ees and d15tribuied to members iogeiher wilh 3 WflEien r￿e￿ A full I me qualifsed finance officer ensures thai all inforfflation and monitoring systefns cross Ihe group are ma1ntained and t1￿eloPe{l 10 a very high standard. Cash flow 5ensiiivity an6N515- Cash flov4 perfortnance Is Contin￿lty moftiLored 10 engjre aclequate funding of aamties at ill times. No money Is borrowed Depencleno checks on Income %urces- fflosi projec15afe direaw reL4ted to Specific funding which are usually tifne lifflited The or8anisBiion has. and Continual￿ seeks to enlarge. Ihe number of benefaciors Insurance- Indernnity and Iiabiliry In5Ufance appropriate to ihe organi￿110[￿.53(li￿Ile5 15 purchased. The Qfgani5aiion tninimises claims by effeciive Bwareness and preveniion Iraining. Pension commiimenis- Tre organisaiion. in addilion 10 a Slaluioryworkplace pension plan. support5 defined coniribution plan5 operated for key eligible etnployees The funding of and inVe￿MeN performance ofihese pbns Is kew under regular review 10 ensure coniribuiions will support the objectNes of the pL3n Investment poliry- lJonies ifflmediaiely surplus 10 daity r(*Juiremenis are IrNested In an insiani access COIF Charities Deposit Fund accouni provicjed by CCLA Investment ManageTneni Ltd an(J De￿5rt Accounts opefaied ty CAF Bank Lid. CCLA also provide a Chariiy Approved Invesimeni fund carrying Invesimeni risk Inio Yhich On￿ unresiricied fL5nds are held a5 a primary hedge against the imp3ct of Inflation. Only unresiricted fund5 are exposed to inve5tffleni risk. These funds ¢re general￿ held In Ihe accounis as design8ted re5eryes earmarked for specific purposes Ihe applicaiion of wttich rnayaf￿e ai fulure bbr asyei undeterfnined dale5 The aim of Ihe Invesimeni Is Iherefore 10 oller a hedge a￿1n5[ 1nflaiion. cover fund fpanager5 fees and over 3 long-ierfn period ro return a posiiive gain Page6 equivalent 10 interesi base raies. The chaflty doe5 not deeffl it appropriaie to artetnpi ro explo￿ inve5tfnent markeis by self-managing such Investfflent5. however. Ihe perforrnance of lis invesied fvnds is kepi under regular rem￿. nvironm Mainienance of Ihe organisaiion's good repuiaiion Is a principol lactor In Irs ability 10 continue tc deliver 115 obieciives. The arebs ffl05t consioered posing r15K and Ihe tneasures iakeD to ￿feguard the organisation in Ihis regard are. Public percepiion-The success enjoyed In Ihe PpJlSUI( of Ihe associaiion's obiecrwes. iorniniJes to relain suppon frofn (nembers, benefacLof5, ageno partner5. and rhe cornrnunityai large. Everyoppoftunity is Iherefore taken 10 puolicise evenis and 3chievefflents and 10 communicate and acfvise on issues rel3ring 10 young people in the county Thi5 process 15 con51aniiy under review. Is aimecl èi altrècting new pa￿rerS and pafticipaior> The Annual Reoori and Review Is presenied (o Mem￿￿$ an(J dLsiribuied wi¢Jely. alongside progress and our.coffle repor15. to pariner agencies and proieci sponsors. Governfnent policy- Gift aid 5cheTnes provioe benefil 10 the organisation and affiliated merntw clubs. bL51 Eheir wiihdrav4al woulLI result in only a 5rnèS1 reouiiion In Income 10 affiliaied club Policies of government ègencies and local goverpfnWE relaiing 10 the proMsion ofyouih services gre311y Influences the organ15atlOn'S straiegic planningand Llefftlopmeni. Tre organisa(ion remains aware of poieniial change arLd opporLLSnity tsywork4ng wilh relevani gencies. Failure 10 cofflpty wth Ihe law and reguL41ions relating to the organisaiion is a risk. This risk Is reduced by ensuring Ihat'_ -Comp5iance at all leve15 Is fUn￿an￿n[alty Irained inio all siaff. -Pariicul3r atieniion Is paid 10 COTnpliance and cccjes of good praciice and conduci. wheiher or noi siatutorily ertforceable. relevant 10 coniaci wilh young people. The organisaiion pr(Nides 5UPtK>fL ath4ce and trainingio youth leaders workers as a part of Its core -Risk of non-complkince is miniTni5ed by effectiwe CotnFnuni￿rloffl with partner agencies itte expeftise derive(I frofn individLS31 Iru51ee5 as well a5 frequent review of best practice. Non-disclosure of Grants All moneiary granis are &counted for at the ilfne of receipi. 11 is the poliq of Ihe trusiees noi to publicise grani marters unless requesied LO do SO. Trusrees, responsibiir(ies in relation to the financal ￿ate[nents The tru51ees are fesponsible for preparing Ihe Trusiee5' Repor[ and ihe financial sièternenis In accordance wilh applicable law and United Kingdom Generolly Accepied ACCOUnting Practice. The law applicable io charities in England ar￿¥ Wales requires Ihe Irusiee5 10 prepare financial siaEemenis for each financial year which give è true nd fair View of the state ofaff3if5 0.. the chariry and of Ihe Incoming resources ano appI￿all0￿ of re5ource5 of Ehe charity for Ih31 period. In preparing Ihe5e Iinancial siaiemenis Ihe Irusiees are requred to. select 5Ultable ￿CoUn[Ing ￿E1cleS and appty rhem consiMenity. observe the meihod5 and principles in Ihe ChafirySORP make iurlgemenis and estimates Ihat are reasonable and prudwT. Siaie wherher Ihe applicable accounting sian(J3r(Is been f￿￿￿e￿. subieci 10 anydep3rture5 disclosed and explained In Ihe rinancial siaiemenis. and.. prepare the financial 51aiements on a g(xngioncem ba95 wiless li is Inar4)ropriae 10 pre5uffle Ihar the charitywll coniinue in tsusine55. The Irusiee5 are responsible for keeping proper aCCOL5nting record5 which disclose reasonable accuracy èi any lime Ihe financi31 position of the chariiy ond 10 enable Ihern 10 ensure Ih31 fin8nchi1 siaiemenis compty wrh Ihe Chariiie5 Act 2011. the Ctt3riiylAccounis and Reports) Regulaiions 2008 and the provisi1￿5 of itte Erusr deed Thtry are 3150 responsible for safeguarding Ihe asseis ofrhe charity and herice for iaking reasonable sieps for pr￿en[lon and derection offraud and Olher IrreguiHriI￿5. The Irusrees confirm Ihat they have cornplied wlh Ihe duty in SeciK)n 4 of Ihe Charitie5 Act 2011 10 hake due regard 10 Ihe Charity Commission's general guidarice on public benefii. Page 7 Trusiee Oaie. 13 May 2025 Poge 8 IrKlepwMleni auditt*s retx>rt to tru5tee5 of Essex Boys & Girb aubs Cl.0. Opinion We have audited Ihe financial staiemenrsof Essex Bo)s 8 fsrls Clubs for rheyear ended 31 December 2024 sei oui on pages 10 ro 23. Tne financial reporiing framework Ihai has been applie(l in rheir prep3raiion is applicable bw and Vniied Kingdom Accouniing 5iandards. Including Financial Reporiing S18ndarO 102 Yhe Financièl R&porting Siandar(J applicable In Ihe UK and Republic of Iie13nd' (United Kingdo￿ Generally Accepied Accounting Praciicel. The financi315taiemenis have been prepared In accordance wilh Accounring and Reporting by Chafiiies". $13ieTnenT of Recommended Praciice applicable 10 chariiies prep3ring their accounis in accordance wih the Firianc131 Reporting Siandard applicable In the UK and Republic of Ireland IFRS 1021 lefffeciive I January 20151- Ichariiies SORP IFRS 10211. Ihe F1Tr4niL41 Reporting Standard applicable In the UK Republic of Ireland IFRS 1021. This has been cjone in order for the accoun15 10 prowije a trJe and f3irwewin acco[￿[}Ce￿th Ihe General￿ACcepied Accounting Practice effeciive for repofting period5 beginning on or after I january 201 S. In our opinion the fin3ncial statemeni5'. give 3 Irue and fair view of Ihe siaie of the charitable compatys affairs as ai 31 December 2024 and of Irs Incoffling resources and applicarion of resources. Including Irs incoTr* ano expendiiLJre for itte year Ihen eTrYed". have been property preparecl In accordance wilh Uniied King(JcAn GeneraltyA(cepte(l Acwjniing pr￿tiCe. and have been prepared In èlCOfdance wih Ihe requirernent5 of Ihe Charilies Act 2011_ Emphasis of Matter le draw aiteniion to Noie I IS to Ihe firiancial sièiemenisvlhich des(ribe5 the uncertainty rdateo 10 Ihe Cofonawru5 ouibreak and Ihe associateij lockdown5 carried out by tx)Ih the UK and oversea5governrnen15and their Ifnpaa upon the charity. Our opinion is noi qlsalified in respeci of this rnaller. Basis for opinion Vle conducted ouraudil In accordancewilh Internaiional *n¢jar¢Ys￿iA￿y1l1ng(UK)1IsIs lu￿)and3￿￿I1cab1e law. Our responsibiliiies under those standards are furiher described ln the Auditor5. respon5ibililies for the audit of the financial siatefnenis 5eciion of our report. We are Independent of the group In accordènce wiih the eihical requirements Ihat are fekvant to our audil of Ihe financial siaiernÈYis in itte Uniied Kingdom. Including Ihe Financial Reporiing Council's Eihical Siandard, and we ha¥e fulfilled our oiher eihic31 responsibiliiies In accordance wilh rhese requirewents. We believe thai the auoit evidence we hove obtaine(J is sufficieni an(J approprièEe io primdea bè515 for our opinion. Conclusions relatingtogoing con￿rn We have nothing to report in re5pea of Ihe following fflaiters In reL41I0n to*hich Ihe IS4s (UK) require us to repo￿ ioyou where". rhe Trusr&s' use of the going concern bays of accounring In rhe preparation of Ihe financial ￿h[el￿entS Is noi appropriate." or the Tru51ee5 have not disclosed In Ihe financial siaiemenrs arry ideniified maerial uncerTainli￿ ihBI may cast signif1c3nt doubt about Ihe group's or Ihe pareni charivs ability to coniinue 10 adopt the goingcoficern ba515 of accounting for a peri04 of ai1easi Iwelve monihs froTn Ihe date when the financial 51è1ernellis ère akJihor15e(J for issue. Other information The Trusiees are responsible for Ihe oiher Infofmarion. The oiher Information cotnpiises Ihe infortnaiion Includetl In Ihe Annual report. oiher th3n Ihe financial siaiernents ènd Ouf Auctiiors. report Ihere(n. Our opinion on rhe financ￿1 stateTnents doe5 not cover Ihe other information and we do noi express any form of a55urance con(Iu5ion thereon. Page g In conneciion with our audii of Ihe financièr statements OLJr respon5Ibilily IS to read Ihe othef Information and. In (loing 50. consider wheiher the other information Is maierially inconsistent with Ihe finanlicies antj procedures relaiing to". Identifyins ￿aluall￿g and cofflplying with and reguL3110ns and wheiher they were 3w3re of any Instances of nor,-compliance'. detecting and responding to the risks of fraud and wheiher Ihry Iwe knowleoge ofany actual. suspeaed or alleged frautj". the Iniern31 controls e5tab115heO to tnitigaie risks of fraLJd or non-coFnpliance wilh laws ano regula(ions-. che maiiefs discussed afflon8 the audii eng3gemeni ieatn arhd InvobAn8 relevani In[err￿1 specialisi& Including rax. real esiare and pensions regarJing h(w and fraud mighi ￿(￿r in ittefinanoal siaiemenis and any poieniial Indicaiors offraud. As a result ofthe5e procecjures we considered opporiunities and inceniive5 thai rnayexisi wiihill Ihe organi53tion for fraud Ideniified the greatest poten1181 for fr8ud In managemenfs Incentive 10 over51aie prolii In coFntnon wirh all audiLs under ISAS IUKI. ¥￿ are also required 10 perform specific procedures 10 respond 10 Ihe rI5k ofrnanagernent override. We also obiained an under513n(Jing of the leg31 and reguiiiory framework Ehai Ihe chariry operaies in. focusingon prowsions of Ihose laws and regulèiions that had a direci effeci on (he deiermination of material amounis an(1 Oisclos'Jres in Ihe financk41 siaiefflenis The key laws and regul31ions we considered in Ihisconiexi Included rhe UK Companies ACT. pen90ns legisLètion and tax legi￿8￿10n In actdition, we con51dered prowsions ofother laws and re￿13110￿5 Ihai do noi havea direci effeci on Ihe financial 5[aiemenis but cornpliance wilh which may be fundamenial 10 the ch3ritr/s ability 10 operaie or Lo wold a marerial penalty The key laws and regulations we considered In Ihi5 coniexi Included the Financial Service5 and Markets A(1. Pagelo Audit response to risks Identified As a ￿esU i ol per',ormirg Ihe above, we did noi ideniify arry key audii marier5 retsTed 10 Ihe poieniial rLSk offraud Of non-compliance with law5 and regulations. In adttiiion io the above. our proceduies to re5pontt 10 risks ideniif￿d Induded the foll(Ming re'iiewing the Financial 51ateweni disclosures and iesiing 10 supporting doctsrnentaiion to assess compliance wih prfvisions of relevant13w5 and regulaiions described 35 having a direct effeci ofi Ihe financial 51atemeni5-. enquiring of managemenr concerningaaLJbl and poiential liti￿tIOn and claim5. performing aralsqical proce¢ures 10 Ideniify any unusual or unexpecied relationships Ihar may Indicare risks of material missiaiement dL5e to fraud. reading minuies of meetings ofihose charged wih governance. rwwng corresp)ndence wilh HMRC," • In oddre5sing Ihe r15k of fraud (hrou8h TnanageFneni override of coniro15. ie511ng ihe aDpropriaiene55 ofiournal enirie5 and oiher 3OIusimenis.' assessing wheiher the iudgemenis made In making accour.iing esiimaiesare Indicaiive of a polent￿1 bia& and evaluaiing Lhe bu5ine55 rationale of any significèni tranS￿tiOnS tttai are unusual or outside The normal course of business. We also communicated relwant Ideniified laws regJL)iions arKY poienlial fra￿ risks 10 all engagemeni ieam members. Including internal speciali515. and remained alert 10 any indicarions of fraud (Y rK)n-(t￿p11a[T[e wilh18ws and regulaEions throughoL51 the audii. 6ecau5e of Ihe inherent IifflitatlOn5 of an 8u(Jit. there is a r15k thai we thll noi delect all IrreguL4fiiies, Including Ihose leading 10 a maierial missiatemeni in Ihe financial sratemen15 or non-cofflplionce wilh reguloLion Th15 fisk Increases the rnore thai compliance wilh a law or regul3tion is removed from rhe events and rransaciions reflecied In Lhe financ￿1 siaietnen15. as we wll be less likely to becotne aware of Insiances of non- compliance The risk is also greaier regarding irregulari11￿ ￿(urring￿￿e 10 fraucl raiher Ihan error. as fraud invo￿5 inientional concealment, forgery, collusion. omission or misrepresent3110n. A further descripiion of our responsibiliiies for audii of Ihe financial siaiemenfs is locaied on rhe Financkil Reponing Council's websiie at". WMW.frc.org.uklaudiiorsre5pon9biliiie5. This descripiK)n forms pall of ourAudiiors' Repori. Use of our report This repori Is made solety 10 rhe charitys [rL￿ree$. as a body, In accord3nce wih Part 4 of the Charilies IA(iounts ancl Reporisl Regulations 2008. Our audir work ha5 been undertaken so thai we mioht state 10 the charitys tru51ees Ihose tnaiierswe are required ID sraie to Ihem in an audiiors, fepori and for no other purpose. To the fLJlle5t exieni perfflilted by law. we (lo noi accepi or assume r&sponsibiliiyio anyone other Ihan the char iy p.nd Is Irusitses, 3$ a boty. for our audii work for Ihis report. or for the opinions we t￿e forffle(l. Darryl Ashing FC4l£enio' Siaidior lor and an behalf of Ashings Limited Chariered Accountonts Siaiuiory Auoitors Dale." 13 May 2025 Ashings Limiied Is eligible to acl as audiior In terTn5 of 5ecrion 1212 of Ihe Companieski 2006. Page11 Essex Bws & Gits aubs C.l.O. Staement of ￿nar(￿lIA￿PribeS fortheyearended 31 Decetnber 2024 Unrestricted Designared Restrict￿1 End(y•m￿l fu fuThY fuTrY fur¥Y Toral 2024 Total 2023 Noies Income atKI erKlowtnents frcmn.. Oonaiian5 ond legacies 702.534 54&282 404.311 1.055.127 969.468 Aciiviiies and course fees Carnpins accommodaiion and caiering Fundraising Evenis Bank iniere51 receivable 51.566 332.753 13.725 50.188 324 56.890 332.7S3 13.725 50.188 47.523 307.440 76.061 40.000 Total income 550.766 553 ÉJ6 404..?1 I 1.508,i83 1.38J.49i Expenditure on.. R3151qg fund5 72.444 72.444 68,199 furtherance of objeaive5 ManagemenT adminisiraiion 468.922 91.887 40&875 387.244 103.319 12.941 1.277.982 158,206 1.143.486 145.027 Total expenditure 996 2S3 408 87$ a90.￿3 12,941 1.508.632 1.35A712 14S487) 144.731 18&2521 112.9411 51 23.780 Netgains on Investments Unrealised 91,949 91.949 185,884 Net incomeltexrRnditurel 46.462 144.731 186.2521 112.9411 92.0 209.664 Transf&r5 between funds 120.658 1269.8921 136.293 12.941 Net movement In funds 167.120 112Si611 50.041 92.000 209.664 Total funds brcyjghtfothard 1.330.302 1.7(kn 593 462,584 129.497 3,628,976 3,419.312 Total funds carried ftjrward at 31 Decetnber 2024 13. 1.497.422 1.581.432 512.625 129.497 3,720,976 3,628.976 The resulls 5howfj atx￿￿ represent Ihe ioniinuing 6ctwities of Ihe charity. The notes on pages 15to 25 fomi an integral partof these finaroal sraternent5. Page12 Essex Bws &Gir&Llubs C.l.O. BalwKe Sheetas at 31 December 2024 2024 2023 Noie5 Fixed a55ers Tangiolè asseis Invesimen15 794.327 1.899.949 818,990 1.807,600 2,693.876 2,6)6.590 Current assets Stock5 Debiors Cèsh ai bank and In hand 161 66.346 1.123.769 70. 41.592 1.127.806 1.169.559 1.190.276 Creditors.. atnounts falling due wthin one year 1142,4591 1187.8901 Net currerit 355ets 1.027.100 1.002.386 Net assets 3.720.976 3.628.976 Funds Endowmeni funds Unresiricied funds. Resiricied functs so.000 3.026.895 5A2.081 3.078,894 592.122 Total funds 13. 3.720.976 3.628.976 The financial siaieffjent5 were approvetj ty Ihe tK>ard of Irusiees on 13 M3y 2025 an(1 signe(l on lis bettalf by Trusiee The notes on pages 15 tts 25 forman integTal part of these fina￿al srarem Page13 Essex ￿ & Gir6 Clubs C.l.O. Statement OfCathfi￿ f(*the year erKJed 31 DeCem￿r2024 2024 2023 OperaringaaiMtEs Nei Income Depreciation Gsins on Investrnenis Bank Interest received JoveTneni In. Stock Debtor5 Crediior5 92.(M)O 31.260 191.9491 150.1881 209.664 31.291 118S.8841 140.0001 24.7 145.4311 118.6861 157.3901 Net cash lnfbw￿ouffl0￿I from operatingactMtEs I39.5￿) 161.0051 Investingattiwities Bank Interest received Purchase ol fixed asseis Sale of fixed assets Purchase ofinve51Tnefjts $0,188 16.5971 40.000 15.2061 1S00,Dt)Dl Cash oufflow from investin8 acmes 43.591 1465.2061 IncreasellDecreasel in cash balarKes Page 14 Essex 8w5 & Girts Ovbs Cl.0. Note5 rothe financial srate1T￿lS for the year ended 31 De￿rnber 2024 Accounting policEs The orin jipal accouniingpolicies3(Jop(ed.judgemenisand keysources of esiimation uncenaintyin Ihe preparaiion ofthe financial sraremenis are sei our below. judgments in app￿"ng3ccCXJntlng polioes aThJ kwsources of estimation uncertainty In Ihe applicaiion or Ihe cnariD/s accounring policies. Ihe Irusiees are reouireo ro make judgmenis. esrimaies and assumpiions aooui Ihecarrying8ffl0unisofassetsand Iiabiliiie5 Ihat arenoi readityappareni froffl othersources.The e511fTlate5 associatecl $5umpiions are bè5ed on historical experience and other facior5 Itt31 are con51(Jere(J ID be rel￿3￿[. Aiiu31 resLJIt5 tn3y differ from Ihese esiim8ies. The esEimaies and undety.ng assumpiions are on an ongoing Oasis. Revisions TO accouniing esiimares are recognised In the period in vthich fhe esiim3te is rensed If Ihe rewsion affecis only thai period. or in the period of Ihe rev15ion and future periods If the revision affeas both cuirent and future peri(K*5. Charty information The chariiy is a ChariEable Incorporaieo Organisaiion ICIOI regisiered in Eng￿n￿ and Wales on 21 Sepiember 2015, and ￿15 regisiered office Is Harway House. Rec(Ory Lane. Chelmsford Essex CM1 1 RQ. 8y order ofThe Charity Commission for England and Wales Ihe assets and l￿bIll[leS of Essex BO￿ & Girls Club5 Iiharity number 3014471 were transferred 10 Ihe CIO on 6lJnuary 2016. Basis of preparation The Iintincial STaTements have been prepared in accordance wih *kcoLn(Ing arhLI Repolling by Chariiie5.' Staternent of Recofflfflended Practice applicable to charilie5 ple￿rIng their account5 In aicorctsnce with ihe Financial Reporiing Siandord pplicable In the UKand Republic of IrelandlFRS 102lleYective l January201 SI-IChariiies SORPIFRS 102lk Ihe Financial Reporiing Siandard applicable In the UK ènd Republic of IrekHnd IF￿ 1021. E55ex BO￿ & Girls Club5 ffjeet5 the cjefifjilion of a public benefiieniity under FRS 102. Asseisand liabiliiies are iniiially recognised ai hisiorical cosi or Iransaccion value unless oiherw15e 5taied the re￿an[ accounting policy note(sl. Reporring currw The reporiing currency of Ihe COTnpany is Sterting The lewel of rounding is 10 the neère5t pound. Income recognition All Incoming resources aTe included in the Staieweni of Financk)l AcrMEies IsoFAlwhen Ihe charity Is lega11y eniitled 10 Ihe incoffle afier any performance condiiions have been tnet. Ihe arnOLJni can be fflea5Ufed reliabty3nO It 15 probable that Ihe Income wll be recevled. Dona',ions are credited to the 5tatemLYt of financ￿1 aamties a5 and when thty are rece￿e£l. Aciiviiies for generating funcls Is made up mainly of Incomegenerated frofn actiwities, cafflpingaccornmodaiion. The booking fee5 for these aciivitses are received In advance of Iheacimly iaKingplace. Tttls IS Iherefore treated 35 deferred income uniil Ihe date of Ihe eveni ai which poini Ihe receipis are ihen retogn15ed as Incorne In the 51ateTTieni of financial aciiwiies. The charily reCep￿Eran[s from ellernal source% which are recogni5e(* as and when they are recewecj. Inve5ttDeni Income Is the forrn of bank irneresi recep￿1. Ocher income reoreswts reni receivable. Page 75 E55ex ty & ClubsCI.O. Notes tothe frnancK415taterTwf5 for the >ear ended 31 December 2024 Expenditure ￿CognItion All expendilure 15 occounied for on an accruals basis an¢J has been Ilasgfied under f*odings rhat 3Egregaie all costs relaied 10 rhe caiegory. Expenditure 15 recocn15ed where IlEre Is a legal or constructwe oblig3110n to rnake payments io Ihird pariies, 11 Is probably That Ihe set4lemeni vlill be reouired arKI the amouni of Ihe Dbligaiion can be ffle35ured reliably. 11 15 categori5ed under Ihe following heading5". Cosr5 of raising funcls Incluoes a￿rTIsing priniingand Ihe remuneraiion of emplffjEes engaged In fund r3i5ing Expendiiure on chèriiable èCEiwiies includesitte direci coy ofaciiwiies prowded. ernployeewages and Iiaining Ihereon. and The general maintenance and uiility costs of Ihe Siie Oiher expendiiure represent5 those Items noi falling inio the caiegor￿ abo%e_ Irrecoverable VAT 15 charged a5 an ex￿nSe3ga1nsI Ihe a(IMty for ¥%fiich expendilure arose. Support and governance costs allocation Slsppori costs are those thai assist the ￿rk of Ehe charity bui do noi direciw represeni chariiable activiiies ancf Incluoe orrice COSTS. governance cosis and administrarro poroll cosrs. TW ore Incurrecl direcity In support of expenditure on the obiecis of Ihe ch3riiy Where support Costs cannot be dire(Ily aiiribL51ed 10 panicular headings they have been allocatetj 10 cost of raising funds antj expendiiure on chafiiable aciiviiies on a ba&s consisieni v4iih use of Ihe resources. Fund raising costsare Ihose Incurrecj in seekingvoluniaryccnirl￿11ions anddo noi Fncluoe rhecosis ofdisseminating informaiion in suppori of Ihe chariiable ac(iviiies. The analysis of ihese Losis is InclLKJed In noTe 5_ Pension c05t5 The charilyconiribuies Inio a defined con1r1￿TionSIakeholderpk)n. Th1$p￿n fwsa specific Fongierm funding objeciive requiring contribuiion leve15 to be reviewed regularly. The charity also coniribLJies 10 a workplace tensi￿ scheffe. Designated and restricted fund5 Althouoh Ihe chariiy Inviies certain donaiions 10 fund specific pTOi￿ls. these Invariabty fall witttin Ihe pursuance of The gener31 objective5 of the chèrityand ère not congdered by IL unless othe" specified byihe (Jonor. to repre5eni re5triaed fund5 a5 defined by rhe Chariry Commissioners. Ceriain granis and dona(ions have t*en receNed pursuani 10 The general otyieciNes of ihe chariry which itte irusiees have designated for applicaiion to specific aiiiwtie5 The incoTne and expetKJiture In Te5pect of these bctivities ha5 been 5ep3r3red from generol funiJs. There Is no legal reouiremeni 10 do This and Ihe IrusTee5 relain Ihe power to reallocaie such funds wiihin unre5tricied fund5 unle55 and uniil Ihey are expepded. Designaied funds set aside by rhe Irusiees oui of unrestricied general funds are for specific futufe wrpose5 or proiecis. Funds earmarked as resiricied have been Ireaied as such ai Ihe requesi of rhe d￿OrOr by the terms of Iheappeèl for pariicular projects and accounied for separaiely. 1.10 Taxation The charity Is afj exernpt charitywithin Ihe Tneaninil of schedule ? ofihe(hariiies A(12011 and ISCO￿l0ered to pass Ihe iesis ser oui In Paragraph lof Schedule 6 10 Ihe Finance Aci 2010 and Therefore it rnee15 the definition of a charitable coFnpany for UK corporaiion tax purposes. Page 16 Essex Bws &&'rls aubs C.l.O. Nores to rhe financK?I stareJrent5 for the ended 31 December2024 1.1 l Tangible fixed a55ets Tangible ffixed 6sseis are siaied ai cosr less aCCUmul3ied ijepreciaiion and accumukiied impairmeni I{￿seS. Cost includes c05t5 Oirecily ai-riouiable 10 making Ihe assei capable of ooeraring as Iniended. Depreciaiion 15 provided on all iongible fixed asse15. ai rate5 c3lcul6ted iowrite off Ihe COSL less estimaied residu31 value. of each assei on 3 sysiemoiic basis over Its expecied usefu., life as follows. The rate5 of depreciation applicable to fixed a55ets afe.. Plani ancl Machinery Motor Vehicles Computer f quipmeni Furniture bnd Equipmeni Recently acquireo freehold building5are not depreck4ted. 20% straighi line 25% 5rraight line 20% STraighi line 40% 511aight line 1.12 Debtor5 and creditor5 re(e￿d￿e1paYabIe ￿thin one year The cnariiy only eniers Inro basic finafKoI Insirumenrs inai resuli in Ihe recogniTion of finanoal asseis and liabilities such as Irade and oiher receivables payable. Oebiorsand credirors ¥Mrh no s(atecl in(eresr rare and recepi8ble or payable wiih1n one year are recorded ai tran5a(rion price. Any1055e5 ari5inu from ImpairrDeni are fecognised In e¥peniJiiure. 1.13 Cash at bank and In hand Cash ai bayk" 3nd In tr.anct repfesents such accounis rhal are avaikHble cn Oemand_ 1.14 Going concem The charii/s financial backers remain well pL4ce($ 10 suppon luiure aaiwiies and ihe uncjerlyang financial re50urce5 are sufficient to ensure the charity remains a going cOn￿r￿. Net incoming resoJrces for theyeèr 2024 2023 This is $13ied after charging-. Depreciaiion A￿d￿[or5. remuneration- audil of rhe financial yaternent5 31.260 6.600 31.291 8.021 and after crediring-. Profit on d1SPOsal of iangible fixed assets Volulltary It￿Offie unr￿rIcted ￿gna￿d general funds funds 2024 2024 Restricted Erth￿llent futK15 funds 2024 2024 Total 2024 Total 2023 Donation5 re(er￿d Granis received 102.534 548.282 404.311 1.OSS.127 969.468 102.534 548.282 404.31.. 1,055.127 969 468 Page17 Essex ￿ & Girfs Clubs C.l.O. NOTr5 ro fiTh3ncial Y8￿[￿enTS for the￿r eThJed 31 DeCeM￿r 2024 An3tys￿ of exwndffure f￿ rassirY&tund5 Unrestricted Dewied general funds furKJs 2024 2024 Re5tritted E￿11)￿￿￿￿1 funds fuThJs 2024 2024 Totsi 2024 Total 2023 Wages and Salaries Venue Hire 68.818 3.626 68,818 3,626 64.186 4,013 72.444 72.444 68,199 Toral resources e¥perfed Mefflber5 Actmty Education Suppon Programme & Training Club Fund Go¥vnarKe Raising Centre 2024 Total 2023 Total Costs directty allocared ro aawiues". Sièff cosis Purchased fnaier1als and Se￿ice5 Si3ff Ir3vel expense5 Gfanis 10 Members Clubs Audii fee5 Annual review 171.958 227.80S 233.237 103.320 73&320 754.376 4.409 3.324 50.506 99.286 5.381 554.201 10.516 391.158 15.823 12,336 2.925 12,336 2.925 11.530 4,074 Support costs allocared to aLTrtues". Prernises Insurance General adminisiraiion siaff Cornmunicaiions Bank charges Depreciaiion Profil on sale of fixed assels Other suppori c05t5 139.3fA) 139.360 130,528 11.907 3.460 31.259 13,606 1.363 31.190 1.3 20.381 2.076 2.143 8,735 6.348 6,348 2,964 186.039 288.857 9'0.93B 122.800 I.S08.632 1,356.712 Page 18 E55ex W & aub5 C.l.O. Notes ro the firk8ncial *aternents fortheyearended 31 DKetntEr 2024 Emolumen￿ ofemployee5 2024 2023 Siaff co515 of the charity were a5 foll(Y￿.. Salaries Social security Costs Employers pension coniribuiions and life assurance costs 640.149 56.332 39.839 656.983 59.269 736.320 754.376 One employee received emolumenis ofmore Than £60.(KX)12023". 11 The average number of employeeswas Including pan lime siaff is os foll No. No. Couniy Oirecior A55i513nt Couniy Direuors Evenis and AciDiiiies Organisers Club SeMcing OfFicers Educating 3ncl Training Officer Apprentice5 AtJmin15tr31ion and support siaff Total 22 26 T*e Charity aclminisier defined coniribuiion pension schemes for 115 efflployee5. The toial conir1b￿ed by the charity for Ihe year anounied to £33.95612023. É33.2911 offwhich £NIL12023". £45.0(K)Iwas ouistanding ai the￿ar end. Trustee remuneratlon No Irusiee receD*d any remuneraiion or was reimbursed ex5)enses eiiher In thisyear or ihe previous year Page 79 E55ex B(y & aubsCI.O. Notesto the finanoal tsternents fortr*year ended 31 Decemt*r 2024 Tangible fixed asseis Furruiure Freehdd Klotor Vehicle5 Minibuses General Computer equipnent proF equipment Total Cost Ai 1 january 2024 AOdiiioll5 D15posals 778.283 26.(M)5 174.837 33.324 6.597 11.090 1.023.539 6.597 Al 31 Decernber 2024 778.283 26.005 174837 39.921 11.090 1.030.136 Depreciation Ai 1 january 2024 Rele85eO on Disposal Charge for Ihe year 30.Q)7 7.588 126.(￿7 33.324 7.479 204.549 6.504 22.602 414 1,740 31.260 Al 31 December 2024 30.097 14.092 148.663 ?3,738 9.219 235,809 Net book valLJe Ai 1 january 2024 '.8 776 818.990 Al 31 December 2024 748.186 26.174 6.183 1.871 794.327 Invesiments In january 2020 an accouni was ￿abliShed Trmrh CCLA In￿[men1 Managemeni LimiTed for a cttariiies Investmeni fund acquisiiion of accumulaiion uniis. 2024 2023 Balance as ai I january 2024 Invesiments addition5 ai c05t Revaluaiion 10 markei valL Mei g3inll10551 on irwe5tments unreali5ed 1.807.600 soo,000 91.9419 185.885 Balance as ai 31 December 2024 1.899.549 1.807.600 10. Debtors 2024 2023 Tr3de debior5 Prepaymenis Oihei debiors 14.701 26.891 29,988 36,358 41.592 66.346 Page 20 Essex Bws & Girts aubs C.l.O. Notes to the financial sts[en￿ts for the yEar ended 31 Dererntw 2024 Creditors- aM(￿nts falling due w￿h1n one year 2024 2023 Trade crediiors Other taxes and social 5ecLJrity Accruals and deferred Income Oiher cre(IIt015 6.949 14.749 41.674 79.087 10,984 17.756 139.517 19.633 14i459 187,890 2024 2023 Balance at I january 2024 Amouni released 10 1ncoming resources Amouni tteferred In Iheyear 78.326 178.3261 28.449 94.299 194,2991 78.326 8alance at 31 December 2024 28.449 78,326 Deferred incoffle comprises booking fees for aciNi[￿S feceNed in advance ofihe ￿en1 rakirE place. 12. a￿15 ofnet assets betsyeen fvr Restricted income furKIs Restricted (aptsl fur￿lS Unre5trKred fvnds Ttstal Tangible fixed assets 794.327 794.327 Inve51wents T.￿9.￿19 50.000 1.899.549 Cash ai bank and In hand 535.684 592.122 1,127,806 1100.7C61 IlfK).7061 Toial 3.078 8 592.., 22 50.000 3.720.976 Page21 Essex ￿ &Gir&aubs C.l.O. Notes to the finanoal statements for rhe year ended 31 December 2024 13. Movement in funds At31 December 2024 january 2024 Incoming resources Outgoing re50urte5 Tran5fetS Resrriaed funds Members Club ￿pport 412.742 143.183 1220,9761 144,923 479.932 Activity and Even15 PrograTntne 129.339 261.128 1269.6471 18.6311 112,189 Educaiion and Training 112.9411 12,941 Toral restricieo funds 592.08- (SOB 50,1 ', 49.233 Unresrricted funds D4ignated fund5 Aciivities and EweD15 26.997 128.9081 Educarion and Training 766.593 526HJ9 1380.7641 1321.8021 990.636 Ouidoor Aciiwry Cenrres. Admsnisiration and Developrpent 940.(NY) 990.0 1.706.S93 993.636 1409.6721 1269.8911 1.580.636 General fund 1.330.302 642.715 1595.4561 120.658 1.498.219 Total unresiricred funcls 3.036.895 1.19&321 11.LX15.1281 1149.2331 3,078.855 Total Funds 3.628.970 1.600.632 11 508.6321 3,720.976 Purposes of resrriaed fund5 Member Club ￿ppOrl Granis 8nd don81ion5 are regul3rty sought and receNed 10 fund ihe salaries anu expenses of officefs 3ppoiniÈd 10 visii Member clubs io promore le3cJership skills an(J actiwiy programrne5 for young people. ènd 10 encourage and assist club (JfftlcpFneni and fundra151ng need Actmty and E￿nts Programme." This fund finances rhe saiiriesand expenses of posrs dedicaied 10 Ihe organi￿rI0n of character building COTnpeiiiive sport5 and creativeand orts based actlini1esa￿ evenis lafEeted ai young people In various age groups. in pursuance of ihe chariils primary objec1w￿. Education and Training Fund5 6re raised tyand held on bthalf ofsocial panners engaged in proiecis 10 creaie n OOPQfTuf4iTies and laciliiies for the benefii of young people. Page 22 Essex Bcy5 & Girts aubs C.l.O. Notes to the finanrial state[T￿ts for the >tar ended 31 D￿rnber 2024 General Incorne general illcome fund repfesenis grants rece￿￿ Whith are 10 fund expencjiture relaiing 10 a particular speci of Ihe objecrs of Ihe charity. ès specified tyihe donor. Any unspenr amounis are carried forwarcj to Ihe following year to be expended In accordan￿ ￿1￿ Ihar specified ty Ihe donor_ Purposes of Designated BJnds A￿1￿ltieS and ￿nts. Fund5 r3i5e(I specificalty for event5 and purcha>ngequipmeni 10 be used byyoung people in dventurous. creati￿￿ and sporDrbg acttyiiie5 have been desgTiaiett for this purpose. Education and Training. Fundsare raised from stakehol¢Jersand social panners 10 enable Ihe cttarity 10 lake disadvantaged young people ènd impart life skills and self-e51eern through è siructufed course entitled 3nd encoLJraging"respect". Addiiionally. funds are specifically raised and designaied 10 finance appreniicesttips in Ihe delwery of youih work an services and Ihe furiher education and Iraining of Ihe ctr%3rityS core 51aff and affiliated club members, 10 mainiain compeience5 and enhance knowledge In the delNery ofsuppon and swmces ro young people. OurdoorActnfity Centres. The charitW5 Outdoor and a(fventur(XJ5 3Cliwty ienire5 al High Row In Cutnbria the freehold premises ai Maes-y-LaOe. Herefordshire are ffoiniairod and supporteo by appeals and gfanis Oesignaied expressw for rhis purpose PurpDse ofendowment fund Robert Laurie Memorkil Fund.. Col Robert thurE O.B.f.l.P. 5er¥ed Ihe E55ex Charity of Boys Club5 from 1073 until his death In Augusi 2009. A5 Its Presideni for fflany years h15 leaOer5hip Ill5pired the Charify 10 allain It5 objective5 Wlth greai success. a permanenr EesEimony Ihe Trusrees have creaied a fund from Genwal Resepe 10 be mainiained fof the benefit ofyoun people from affiliated member club5 selecied 10 broEden Iheir e(Jucaiion characier by r￿lpr0(al inieraction wilh other young people froffl overseas couniries try wèy of Internaiional Exchange s(heme& This Furitj 15 cla551fied as an E¢ucaiion and Training Resiricced Fund. In 2024 an exchange Msii 10 the USAEook place and E12.941 from general fuThJingwere rransferrecl ro resrricietj fund5 10 ensure the fund IS Tn3intained. Furiher programmes are planned lor 2025. Member Club5 Ourdoor Centfe Bursary Fund.. The sum ofEI00.000 has been ser aside In 2014 our ofgerteral resepJes speciiically to provide financi3. 3s5'.Stance 10 rp.efflber club5 10 take young people on activity training programmes offereo 81 Ihe charifis remoie facilities Page 23 Essex ￿ & Girts aubs C.l.O. Nores to the fir%3noal gaiemFJ for the year ended 31 December 2024 14. Related partytransaaions Key managemeni comprises of the OirecTors & Trusieesand Ihe Cwnry Direaor. Grant5 Sales Recewed Grants Received Purchases Purchases Sales Frenford Clubs 62.897 250 112.47S 579 Norih Avenue Youth Oub 338 1.536 9) 1707 National A550Clalion or Boys & Girls Clubs 1.013 2(KJ Crown an¢J Manor 277 E55ex Youih Tru51 57.(KKI 38.(MXI Che1ffl5for(l Boys and Girls Qubs 4.400 lack Peichey Foundaiion 199.912 . IW.508 Related Parties The County Director. .1. Dyer andl.P. Dougla5.Hughes P. Drummon¢Y The trustees of E55ex A550ciation of Boy5 Clubs tn 2006 3greed 10 a55ume cert3in per151Dn objectwes re1aiing to an emplojee mutually removed from a former underfunded Naiional Associaiion Of Bols Oubs group final salary. pension scheffle. These objectives fflean Ihat fuiure contribLJli￿5 Inio a repbcetneni persDnal pension plon are noi fixed and In certain circum51ances may crysiallise further Iiabili-ie& At Ihe present tiffle Ihe Iru5tee5 antlClP3te the curreni level of coniribuiions 10 be sufficient to meet the obiectpies. 15. Contingent liabiir(ies In laie 2019 E55ex Boy5 & Gir15 Club5 cede(J {￿lf01 of Slubber5A(￿Th1Ure Cenire as a consequence ofrhe en-bloc resignation of all mutual Irustees ancj (Jireciors of Stubbers 10 enab* both chariiies 10 pursue Iheir separate and clisparaie chariiable ooieciives. As part ofihis èrrangement Essex Boss & Girfs Oubs ha5 prowided a guarantee 10 Ihe London Borough of Havering 10 a maximuffl liability of £S00.000 as a condiiion a 25 year lease dared 31:. luty 2019granted by Ihe Borough 10 Stubber5 Adveniure Ceriire This coniingeni IIBbility Is fflaiched by a coniinoern assei in Ihe form of a deed of Indemnity proviclec5 by Siubbers. new sponsors In Ehe unlikety eweni Imai Siubbers AifventLJre Cenire v3cate5 115 prefflises wiihin Ihe ierm of The lease. Ihe lease will reveri to ihis Charity. These circums[an￿$ ha¥e been (￿Sidered and contingency planning 15 in prepar3110n. We refer 10 note 14 regarding the arrangefflen￿ around Ihe County DIf￿r0¢S pension èrrangemeni. Al (he preseni lime Ihe Irusiees 3nticipaie the curreni level of contributions to be sufficiW(10 meei Ihe objeciives and no1iability is expected to arise. Page 24 Essex ￿ & Gifls CIL¢b5 Cl.0. Notes ro the fitk4ncial 5tarernents for Ihejear ended 31 Decetnber 2024 15. Contingentlobilities contin￿d Ouring che year under rwiew Ihe charity eniered inio a lease agreerneni on Ihe Lif5tan 8￿ Projeci WlEh rhe Your Inve51rneni Fund. If rhe club were unèble 10 Pay. Ihen Ib.e charirywould be responsible fof rneeiing any fuiure lease commiimenis. Tre annual lease paymeni IS £4.500 and Ihe lease expires in 2048. Page 25