VIBE CHARITABLE INCORPORATED ORGANISATION (A Company limited By Guarantee) ANNUAL REPORT AND ACCOUNTS for the year ended 31st March 2025 COMPANY REGISTERED NUMBER: CE029007 CHARITY REGISTRATION NUMBER: 1199010 VIBE CHARITABLE INCORPORATED ORGANISATION Annual Report and Accounts for the year ended 31st March 2025 Contents Page Company Information Report of the Trustees 2-21 Independent Auditorfs Report 22-25 statement of Financial Activities 26 Company Balance Sheet 27 Statement of Cash Flows 28 Notes to the Accounts 29-41 VIBE CHARITABLE INCORPORATED ORGANISATION Company Information for the year ended 31st March 2025 Company number: CE029007 Charity number: 1199010 Trustees: Ms S Harrison (Chairl Mr D Cope Dr K Hennell Mr J Owens Ms J Mcmahon Mr P Alger Mr N van Breemen Mrs C Farley Chief Executive Mr P Oginsky Registered office: V03 Baltic Creative Campus 49 Jamaica Street Liverpool L1 OAH Statutory auditor: Horsfield & Smith Tower House 269 Walmersley Road Bury BL9 6NX Bankers: Unity Trust Bank 4 Brindley Place Birmingham B12JB VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees (including Directors, Report) for the year ended 31st March 2025 The trustees, who are the directors of the charity, present their annual report and the audited accounts for the year ended 31st March 2025. The finanGial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the Companies Act 2006 and'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20191. Charitsble Objectives The objects of the CIO are to advance in life & help young people particularly those in Merseyside, but not limited to, through.. Providing support & activities which develop their skills, capacities & capabilities to enable them to participate in society as mature & responsible individuals Relieving unemployment Providing recreational & leisure time activity in the interests of social welfare who have need by reason of their youth, disability {both mental & physical), poverty or social & economic circumstances with a view to improving the conditions of life of such persons Activities Undertaken (April 2024- March 2025) This year marked our first full year of delivery since transitioning from Knowsley Youth Mutual Ltd. Vibe CIO has.. Expanded its regional youth provision across all six boroughs of the Liverpool Cily Region Delivered targeted support through programmes such as Interact (Halton), Positive Vibes Programme (St Helens), Me Time (Knowsleyl, Short Breaks (Halton & Sl Helens) & youth clubs {Knowsley & Hallonl Enhanced the L30 & MAST Youth Councils (Sefton & Liverpool) Extended its outdoor education programme with activity hubs including Carr Mill (St Helens) Secured new funding through successful bids lo local & national sources Advanced toward our 2050 Net Zero Plan, reinforcing our commitment to sustainability VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees (including Directors, Report) {continuedl for the year ended 31st March 2025 2,615 young people accessed youth clubs & programmes12024-25) YOUTH CLUB 63,318 hoursolyouth work delivered activities Ivere in104 community spaces across Liver ool Cit Re io 1,192 sessions delivered that involved sport or a physical activity 38 National and European residential exp and expedition li6'YirslKves staff CPD across 12 TRAINING COURSES DELIVERED TO EXTERNAL ORGANISATIONS SEEKING EXPERT ADVICE ON WORKING WITH YOUNG PEOPLE 130 YOUNG PEOPLE AT RISK OF CSE SUPPORTED THROUGH ACCESSING MENTOR SUPPOR VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees (including Directors, Report) Icontinuedl for the year ended 31st March 2025 250 gifts given to young people and their families Idon?ted by Mlsslon Chr15trnas) 5.175 meals provided during HAF across Liverpool City Region 80 hampers distributed at Christmas each feedlng a famlly of 4 strategic Overview for 2024125 Our focus remained on the four pillars of our Relationship Framework {RF41 Personal (Me & Mel Interpersonal (Me & You) Advocacy (Me & Them) Community (Me & All) Personal Inter•ersonal Advocacy Communlty p•r$•￿1 S*ns*oTbol <4fi1O¢rAè SOU-￿4r¢￿tS S*V i1hpjy￿i￿ VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees (including Directors, Report) (continued) for the year ended 31st March 2025 The Trustees remain commilted to achieving both short term outcomes & long-term impact, ensuring that all activities align with the charity's mission & deliver demonstrable public benefit. In doing so, the Trustees have adhered to the Charity Commission's guidance on public benefit throughout the management & delivery of Vibe CIO'S work. Our strategy integrates programme delivery, training & thought leadership to achieve systemic change in the lives of young people. Over the past year, the initiatives undertaken have directly contributed lo our core aims - supporting young people's personal development, strengthening their relationships & increasing Iheir resilience & confidence. These outcomes are central to our RF4 framework & serve as indicators of progress across all service areas. Strategic Objectives Delivery Deliver high quality, relational programmes Expand presence across all six boroughs of Liverpool City Region Roll out 1-2-1 support model Enhance outdoor & environmental youth provision Training Deliver interactive, Iheory-based training Build a national profile for RF4 Establish training impact measurement framework Thought Leadership Champion RF4 across the sector Develop evidence-based publications & events Influence youth policy Financial Sustainability Increase unrestricted income Secure long term funding streams Launch new donation platforms Strenglhen donor & partnership engagement To meet our strategic priorities in 2025 & beyond, we are implementing a focused & adaptable approach that aligns with our values, capabilities & the needs of the communities we serve. VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees {including Directors, Report) (continued) for the year ended 31st March 2025 These outcomes are central to our RF4 framework & serve as indicators of progress across all service areas. Strategic Objectives Delivery Deliver high quality, relational programmes Expand presence across all six boroughs of Liverpool City Region Roll out 1-2-1 support model Enhance outdoor & environmental youth provision Training Deliver interactive, Iheory-based training Build a national profile for RF4 Establish training impact measurement framework Thought Leadership Champion RF4 across the sector Develop evidence-based publications & evenls Influence youth policy Financial Sustainability Increase unrestricted income Secure long lerm funding streams Launch new donalion platforms Strengthen donor & partnership engagement To meet our strategic priorities in 2025 & beyond, we are implementing a focused & adaptable approach that aligns with our values, capabilities & the needs of the communities we serve. These outcomes are central to our RF4 framework & serve as indicators of progress across all service areas. Strategic Objectives Delivery Deliver high quality, relational programmes Expand presence across all six boroughs of Liverpool City Region Roll out 1-2-1 support model Enhance outdoor & environmental youth provision VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees (including Directors, Report) Icontinuedl for the year ended 31st March 2025 Training We will.. Deliver face lo face training grounded in theory & practical application, equipping professionals lo build stronger relationships with young people Position RF4 nationally by showcasing our framework at sector events, within academic networks & through strategic collaborations Embed an impact measurement framework using tools like Views & participant feedback loops lo track outcomes & improve training quality Thought Leadership We will.. Promote RF4 sector wide by publishing case studies, toolkits & video explainers that highlight the impact of relationship competence in youth work Develop knowledge sharing events & publications such as webinars. blogs, research summaries & learning festivals Engage in policy influencing by participating in national consultations, contributing to research & collaborating with youth focused coalitions We will.. Deliver face lo face training grounded in theory & practical application, equipping professionals to build stronger relationships with young people Position RF4 nationally by showcasing our framework at sector evenls, within academic networks & through strategic collaborations Embed an impact measurement framework using tools like Views & participant feedback loops to track outcomes & improve training quality Financial Sustainability We will.. Increase unrestricted income throu9h new individual giving campaigns, fundraising & commercial training offers Pursue muS1iyear grants & commissions by strengthening our bid writing capacity & aligning wilh strategic funders, priorities Launch improved donation platforms, making it easier for supporters lo give online & through events Build stronger donor & partner relationships by enhancing communications, reporting on impact & cocreating opportunities for collaboration VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees (including Directors, Report) (continued) for the year ended 31st March 2025 Key Highlights & Achievements (2024125) Delivery Events for National Youth Work week 2024 For National Youth Work Week 2024, Vibe CIO hosted a series of engaging events that celebrated young people & the vital role of youth work. Activities included workshops, community meetups & creative projects designed lo empower young Vol￿$, build connections & raise awareness of youth work's positive impact across the areas we work. AAP Vibe Outdoors proudly provided comprehensive Duke of Edinburgh's Award expedition support to several schools across Liverpool City Region. We worked with young people al all three DofE levels, Bronze, Silver, and Gold, equipping them with the skills, knowledge and confidence needed to plan and complete their challenging journeys. Our expeditions took place in a variety of diverse locations including Beeston in Cheshire, the Clwydian Range in North Wales, the Yorkshire Dales and the Lake District. These environments offer young people the opportunily to explore the outdoors, develop resilience and build teamwork skills in memorable settings. Vibe Outdoors supported a total of 450 young people, helping them achieve their expedition goals and create lasting memories. Our experienced team provided guidance every step of the way, ensuring each participant fell supported, safe and empowered to succeed. Recommissionin ofke ro rammes Me Time was recommissioned by Knowsley Council to deliver positive activities for young carers, the programme were winners of the Youth Fed Award for Best Youth Group & attended the Young Carers Festival in Southampton in June 2024. In Hallon, Vibe UK secured the recommissioning of Hallon Outreach & Short Breaks services, allowing us to continue delivering vital support to young people. Youth Voice st Helens Youth Cabinet strengthened their partnership with our twin town, Stuttgart & participated for the first time in a residential at Cumberland Lodge. Members of Youth Parliaments from both Hallon & Sl Helens spoke at the annual UK Youth Parliament event held at the House of Cornmons, focusing on transport issues. Both areas have developed strong campaigns with the St Helens Member of Youth Parliament receiving an award for their work. Halton short breaks In 2024-25 we delivered 12 Short Breaks Outdoors sessions to SEN young people from the Halton. We have delivered activities including indoor climbinglbouldering, archery, geocaching, scavenger hunts, canoeing, outdoor walks, petting zoo visits, abseiling, bushcraft, nature art and team challenges. All young people have improved confidence, communication and resilience skills during the programme and mosl have met their personal goalslmilestones noted on EHCPS. The group have also achieved awards such the National Outdoor Learning Award (NOLA), NIBAS participation awards, Lord Derby Award115 young people - levels purple to yellow) and British Canoeing Paddle Awards (4 young people achieved a Paddle Start Award and 10 young people working towards the discover or explore awards). VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees (including Directors, Report) leontinued) for the year ended 31st March 2025 We have had amazing feedback from young people, parents and commissioners which helps us to ensure the programme meets demand and provides exclusive opportunities to the young people. Glow Secured a new contract commissioned by Halton Borough Council to deliver LGBTQIA+ services for young people aged 10-18 & up to 25 for those with SEN. Lord Derb Award Vibe Outdoors delivered our own in-house award-. the Lord Derby Award. Designed to help young people build confidence, resilience and essential life skills, the Lord Derby Award reached over 500 participants in schools and community groups across Liverpool City Region. Activities included canoeing, kayaking, archery, orienteering, climbing, abseiling, gorge walking, campfire skills and den building, giving young people a wide range of exciting and challenging experiences. Through these activities, young people developed teamwork, leadership and self-belief in a supportive and inspiring outdoor environment. Live Ha Following the conclusion of the Wirral NHS contract, overwhelming community support in Huyton enabled us lo raise sufficient funds to maintain the programme. Subsequently, we secured a smaller funding grant before oblaining a larger one lo sustain the programme for an additional year. MAST In August 2024, we supported 10 young people on a 7-day maritime voyage from the Isle of Man to Liverpool, providing them with unique experiences & valuable skill development. Vibe Outdoors Vibe Outdoors delivered a wide range of outdoor sessions, residentials and accredited opportunities including OCR qualifications and National Citizen Service programmes. We supported whole year transition sessions for students from Kirkby High and took a whole year approach with St Philip s, ensuring all young people had the opportunily to develop confidence and key life skills. Our work extended to virtual school sessions, helping young people in alternative education access outdoor learning experiences. We also ran residentials for Wellesbourne, Longton Lane and Knowsley Lane schools, giving studenls memorable and imrnersive experiences. Over Ihe year, Vibe Outdoors provided 99 NCS experiences, enabling young people to build resilience and teamwork skills through advenlure-based learning. Holida s Activities & Food HAF As part of the HAF programme, Vibe CIO delivered over 400 places during Easter and Summer, ensuring children and young people could enjoy active, engaging and nutritious holiday experiences. Launch of the Youth Bus We successfully launched the Youth Bus, made possible through a generous $30,000 donation from IheARCONIC Foundation. This mobile seNice enables us to reach underserved communities. break down barriers & bui5d meaningful, lasting connections with young people. pvp The new Positive Vibes Programme was established in 2024-25 with the programme growing from a 6 week to 32-week provision. The programme is delivered to 32 young people from St Helens thanks to referrals from Local Authority, Merseyside Police, teachers and St Helens College. Young people look part in mentoring sessions, Tota5 Commitment Training, group sessions focusing on confidence building, relationships and consequence of choice and various positive activities such as mountain biking, bouldering, archery, orienteering and bushcraft. They also completed awards such as NCS, Lord Derby Award, NIBAS participation awards, National Outdoor Learning Award INOLA} VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees (including Directors, Report} {continued) for the year ended 31st March 2025 and British Canoeing Paddle Start Awards. They also had the experience of a 2-day residential in Anglesey. £75K secured for Halton outh rants Vibe CIO secured £75,000 in funding to support youth grants in Halton, empowering young people & local projects through enhanced resources & new opportunilies. Lord Derb Short Breaks Awards We were honoured to host the inaugural Lord Derby Short Breaks Awards, celebrating the achievements of our SEN young people & highlighting the positive impact of our inclusive services. Events Over 500 young people engaged with Vibe CIO staff across four days at major events including Creamfields & On the Waterfront where we provided safe spaces & memorable experiences. Allbrid osl 16 At Allbridge Post 16, we delivered weekly sessions focused on developing the skill and physical sections required for students to achieve their Gold Duke of Edinburgh's Award, providing consistent support and tailored guidance lo help them progress confidently. Alongside our DofE programmes, we also partnered with the National Citizen Service and supported the Duke of Edinburgh's Award with the Dame Kelly Holmes Trust where 27 enthusiastic young people took part in activities designed to build their resilience, teamwork and leadership skills while participating in sport. Together, these initiatives have given young people valuable opportunities to grow, challenge themselves and work towards recognised awards that celebrate their achievements. Cross de artmental collaboration We introduced cross departmental working practices to enhance communication, resource sharing & service delivery across Vibe CIO. Training Team buildin da In January 2025, the Vibe CIO team came together for a brilliant team building day that blended important organisalional updates with a fun & energising Town Task Challenge. The day was a fantastic opportunity lo reconnect, reflect on our shared goals & strengthen collaboration across teams. The challenge brought plenty of laughs & friendly competition, leaving everyone motivated & united for the year ahead. Trainin team deliverin Vibe CIO trainin to over 12 external or anisations Our Training team has successfully deliveredvibe CIO training to over 12 external organisations, equipping professionals across the sector with the tools, confidence & youth led approaches to engage & support young people effectively. This growing demand reflects the strength & relevance of our training offer, as well as our commitment to sharing best practice & crealing wider impact beyond our own settings. ee of the Month initiative To promote staff morale & recognise excellence, we intrOdU￿d an Employee ofthe Month scheme, celebrating the oulslanding dedication of our team. 101 Page VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees {including Directors, Report} {continued) for the year ended 31st March 2025 Thought Leadership Presentin at the Children & Youn Peo le Now Im act & Evaluation conference Vibe CIO had the privilege of presenting at the Children & Young People Now Impact & Evaluation Conference in London. This was a fantastic platform to display the strength & innovation of our RF4 programme. This was a key opportunity to demonstrate the tangible impact of our work both wilhin our organisalion & across the wider youth sector, highlighling how RF4 empowers young people through meaningful relationships & measurable outcomes. Presentin RF4 at UK Youlh Summit Vibe CIO were incredibly proud to be invited by Right to Succeed to present on our RF4 programme at the UK Youth Summil in October 2024. As a recognised best practice partner, this invilalion reflects the significant impact RF4 is having on young people's lives. It was a valuable opportunity to spotlight our approach, share learning & contribute to national conversations around relational practice & youth development. International visit from Po in Tree Pro ect Ireland Vibe CIO welcomed an international visit from the Poppin Tree Project, Ireland, who came to experience our RF4 training firsthand. Inspired by what they saw, they are now seeking funding to bring this valuable training back to their own team. This visit highlighted the growing reach & influence of our approach, fostering cross border collaboration to better support young people. Collaborations with outh or anisalions We strengthened partnerships with organisations such as Sports Alive & MYA, extending our reach & impact Ihrough shared expertise & resources. Market lace events Vibe CIO actively participated in Marketpla￿ events across the Liverpool City Region, highlighling our work & connecting with communities. Illpage VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees {including Directors, Report) {continued) for the year ended 31st March 2025 Impact12024125) Evaluating our impact: Measuring Success At Vibe UK, we are passionate about demonstrating the positive impact our programmes have on young people's social & emotional development. We are on a continuous & evolving journey lo measure this impact, using a 360-degree approach that captures the full scope of young people's experiences & outcomes. Our evaluation & quality practice review focuses on key areas including social mobility. We use a range of carefully selected measures, each tailored to the specific aims of the programme, lo ensure that our approach remains relevant & robust. This includes tools developed by the Centre for Youth Impact, combined with our own methods of gathering both qualitative & quantitative data. We are committed lo providing clear, meaningful evidence of our impact, not only lo drive continuous improvement but also to demonstrate to our funders the real value & outcomes of their investment. Through this, we ensure our work remains accountable. adaptive & rooted in the needs & aspirations of the young people we support. Since September 2024, Vibe CIO has worked had lo ensure that the implementation of all measurement tools from Centre for Youth Impact, including the Quality Assurance QPT, is embedded and this marks a major step forward in how we track & understand our impact. With our new Impact Manager in post, we are fully committed to embedding these tools across the organisation, ensuring our work is consistently high quality, evidence informed & focused on what matters most - positive outcomes for young people. "Over the last 12 months, through a combination of hotspot policing & targeted youth work funded by Merseyside Police, Vibe UK have helped contribute lo a reported 750/0 reduction (data source - CSP hot spol policing report) in antisoGial behaviour & serious violent crime in some areas. Vibe youth workers have played a key supporting role in the effectiveness of reducing ASB & serious violent crimes within St Helens comnyunities, building relationships with young people, their comn7uniÈy & pmviding t8rgeted engagement & diversionary activities for the youth" Inspector Jon Smith, Merseyside Police .1 genuinely believe Vibe's outreach & detached appmach, especially the Youth Bus, offers a powerful model for belter managing antlSOCl81 behaviour while enhancing our role in th8 Gommunity" Will Blundell, Strategic Projects Manager (McDonalds) .1 would not have had the confidence to put myself fO￿ard for these roles & throw myself into these opportunities without the vital encouragemont of my youth workers at Vibe who supported me through everything" Dean Leake (Vibe UK member 2017-2023) "Vibe had such a huge impact on me growing up. It gave me a sp8ce outside of home & school to channel my energy & emotions & the youth workers always believed in me especially when I didn't believe in myself, Amber (Vibe UK member 2017-2023) 121page VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees (including Directors, Report) Icontinuedl for the year ended 31st March 2025 Northwood & Glendale ht to Succeed- Cradle to Career Cohfyrts - aged 11-15, completed the young person survey. This is designed to foous on the schemas & awareness Ihal underl the six socio~emolional skill domains. Schema Pre Post Emotional mana ath Initiative Problem solvin Res onsibilit Teamwork ement The data from the table shows a positive improvement in all measured areas for participants. EmDlional management, empathy, initiative, problem solving, responsibility & teamwork all saw an increase in mean scores from pre to post assessment. The most significant improvements were in empathy & responsibility, both by 1. Problem solving & emotional management also showed notable growth, increasing from 2.1 to 3.4 & 2.8 to 3.6 respectively. These results indicate that the program effectively enhanced key social & emotional skills among participants. Feed the Need Feed the Need was created as a youth led campaign by Vin (Member of Youth Parliament) & supported St Helens Youth Council to raise awareness, break the stigma around food poverty, educate young people & create real community change. FEEOTHE NEED 330 Donations to food banks & community cafes 6 SCHOOLS Attended the first Feed the Need event 95 240+ Meals Attendees Jolned a YOFO workshop Donated to Local families through foodbanks 131 Page VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees (including Directors, Report) (continued) for the year ended 31st March 2025 Financial Review During this financial year our total incoming resources were £1,401,928, £1,128,328 of which was restricted and £273,600 was unrestricted. Total resources expended, £1,228,328 of which was restricted and £230,217 was unrestricted, resulting in a net deficit of £56,680, comprising a restricted deficit of £100,063 and an unrestricted surplus of £43,383. Reserves Policy Vibe CIO'S income, in the main, comes from several contracts that are not guaranteed in the medium term. It is prudent therefore to ensure that there are sufficient reserves lo ensure thal if an income stream is lost, the CIO can operate in the short-term. This allows the CIO to either secure additional conlractslincome or to wind up the CIO in a managed way, taking into consideration its obligations to the young people & employees. It is the long-term intention of the Trustees to build up our unrestricted reserves so that they represent the equivalent of six months, worth of unrestricted running expenses. It is also the intention of the Trustees to hold an additional sum, equivalent to three months, worth of restricted expenditure, in unrestricted reserves. It will lake time to achieve these objectives. Vibe CIO'S average monthly total outgoings were circa £117,000 in the final quarter of this year. If the decision is taken to wind up the cio, then a period of four months would be required. This would allow for any alternative provision lo be identified & young people to be signposted. For 2025126 Ihe desired reserve level is therefore set at £468,000. Current unrestricted reserves are £183,192. Availability & adequacy of assets of each of the funds The Board of Trustees is satisfied that the charity's assets in each fund are available & adequate to fulfil its obligations in respect of each fund. Risk Management Vibe CIO operates in a complex & evolving environment, where external pressures & internal dependencies require initiative taking, proactive & strategic risk management. The Board of Trustees takes overall responsibility for identifying & mitigating risks that could impact Ihe organisation's ability to achieve its mission. Through structured reviews, robust systems & delegated sub-committees, we continue to monitor and address potential threats across all areas of operation. 141 Page VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees {including Directors, Report} {continuedl for the year ended 31st March 2025 Financial Risks To safeguard against financial instability, we Maintain a live Risk Register that identifies risks, assigns ownership & outlines mitigation strategies such as diversifying income sources & strengthening cash flow planning. Conduct quarterly financial reviews through our Finance Sub Committee to monitor performance, budgets & projections. Activate our Business Continuily Plan {BCP) if required, ensuring contingency planning for funding gaps or delays. Have invesled in external finance support (Adding Value Consultancy Ltd) to improve oversight & compliance. Operational Risks To protect Servi￿ delivery & continuity, we Apply a tested BCP framework including remote working readiness & flexible delivery models for youth work. strengthen digital infrastructure through regular IT security audits, staff training & data protection protocols. Continuously review delivery capabilities to adapt to both local & sector wide changes. Safeguarding Risks To keep young people safe & uphold our duty of care, we Enforce a comprehensive Safeguarding Policy, regularly updated in line with statutory guidance & sector best practice. Deliver mandatory safeguarding training for all staff & volunteers with enhanced training for those in key roles. Review incidents & compliance through a quarterly Safeguarding Sub Committee, supported by a central reporting system that enables fast & consistent response. Compliance & Legal Risks To maintain full legal & regulatory compliance, we Undertake annual legal audits of contracts & obligations. Appoint a designated Data Protection Officer IDPO) & deliver regular GDPR training across the team. Monitor governance & compliance through a resolute Finance Sub Committee, meeting every 8 weeks. strategic Risks To ensure alignment between strategy & reSoUr￿s, we Conduct annual strategic risk reviews, evaluating bolh internal capacity & external policy, economic & social drivers. Use scenario planning to model different future contexts & adjust our delivery & income strategies accordingly. 151 Page VIBE CHARITABLE INCORPORATED ORGANISATION Promote RF4 strategically to align with government priorities & attract long term investmenl. Report of the Trustees {including Directors, Report) {continuedl for the year ended 31st March 2025 Reputational Risks To protect & strengthen Vibe CIO'S reputation, we Operate 8 clear crisis communications plan to manage reputational incidents & media responses Implement a proactive stakeholder engagement stralegy to maintain transparency, trust & shared accountability with partners & beneficiaries Promote our impact through storytelling, annual reports & sector recognition, helping reinforce the value & integrity of our work To ensure Vibe CIO remains resilient, compliant & aligned with its strategic goals, the Board of Trustees has embedded a robust governance framework to oversee risk & performance. This includes routine monitoring, structured subcommittee reporting & independent validation. Ongoing Risk Monitoring The Risk Register is reviewed & updated quarterly to capture emerging risks & assess the effectiveness of mitigations. Fortnightly SMT meetings ensure Ihal operational risks are addressed proactively & escalated where necessary. Governance through Sub Committees The Finance Sub Committee meets every 8 weeks lo review financial performance, reseNes & associated financial risks. This also includes & provides oversight of compliance, legal obligations & reputational considerations, maintaining exacting standards of accountability. The Safeguarding Sub Committee monitors safeguarding praclice & compliance, ensuring all policies are followed & incidents are appropriately reviewed. Independent Assurance To reinforce transparency & qualily. the Board of Trustees can commission external audits of financial processes & safeguarding practices, helping validate internal controls & demonstrate public accountabilily. Future Financial Performance Vibe CIO operates within a complex & unpredictable financial landscape. As a charity reliant on diverse income streams including public sector contracts. grant funding & philanthropic contributions, our future financial performance is closely tied to wider e¢onomic, political & social trends. Several key faclors may influence income stability & expenditure levels in 2025 & beyond.. Macroeconomic Conditions Global instability including ongoing conflict & humanitarian crises in olher regions continues to impact energy prices, inflation & cost of living pressures in the UK. These trends may affect both operational costs & the capacity of funders, particularly local authorities, to sustain current investment levels. 161 Page VIBE CHARITABLE INCORPORATED ORGANISATION The high inflation environment experienced in recenl years particularly for essentials such as utilities, transport & food has placed additional pressure on youth services & families alike, increasing the demand for our provision while also raising our delivery costs. Report of the Trustees (including Directors, Report) (continued) for the year ended 31st March 2025 National Policy & Fiscal Decisions The UK Government's 2025 Budget included an increase in the National Insurance threshold, which may offer marginal financial relief to individual workers but does little to offset broader funding constraints within the public & voluntary seclors. The government's ongoing development of a National Youth Guarantee & related youth strategies presents both opportunity & risk. While investment in youth services is welcome, competition for limited funds & performance based commissioning may challenge smaller or midsized charities to maintain contract security. Local government financial uncertainty with several councils under significant budgetary pressure raises concerns about the continuity of youth service funding, particularly in high need areas. Funding Trends in the Third Sector A shift toward short term & restricted funding continues, reducing the flexibility needed to innovate & respond quickly to emerging needs. Additionally, funders increasingly expect evidence of long term impact, requiring more robusl evaluation frameworks & reporting capacity. While there is growth in corporate social re5ponsibilily & individual givin9, these income slreams are often sensitive to economic downturns & require strategic investment in marketing & donor engagement to yield meaningful returns. In response, Vibe CIO will continue to Diversify ils income base through targeted fundraising & commercial training offers Build strong relationships with funders, commissioners & partners to strengthen pipeline security Invest in evaluatlDn & impact measurement to evidence the value & outcomes of our work Advocate for youth sector investment & demonstrate the critical role of relationship-based practice in preventing poor life outcomes By slaying agile & evidence-led, we are well positioned to navigate financial uncertainty while remaining committed to our mission & the young people we serve. Fund Accounting Vibe CIO maintains three lypes of funds Unrestricted Funds.. Available for use al the discretion of the Trustees Designated Funds.. Unreslricted income set aside by Trustees for specific purposes Restricted Funds.. Subject to donor or legal restrictions on how they can be spent The organisation does not hold any endowment funds. VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees (including Directors, Report) {continued) for the year ended 31st March 2025 Taxation The Trustees confirm that the charity meets the requirements of Paragraph 1, Schedule 6 of the Finance Act 2010 & is therefore exempt from UK corporation tax on income & capital gains applied exclusively to charitable purposes. Dissolution of the Charity In the event of winding up, any remaining assets, after settling liabilities, must be transferred to one or more charitable organisalions with similar objectives as delermined by the Trustees. Financial Instruments & Risk Exposure There are currently no material risks to the organisalion arising from ils use of financial instruments. All assets are reviewed for relevance & irnpacl as part of routine financial oversight. Net Surplus For the year ending 31 March 2025, the surplus includes.. Depreciation of fixed assets. £7,352. Pension contributions.. £35,607. Governance: Structure The charity has no share capital and is a private company limited by guarantee, and a registered charity. In accordance with the Memorandum and Articles of Association the Board of Directors governs the charitable company.. the Directors are also Trustees for the purposes of charity law. The Board of Trustees is responsible for setting the overall direction and policies of the organisation. Implementation of policies and decisions is delegated by the Board as appropriate to the senior management team within the organisalion. The Board meet with the senior management team every 6-8 weeks and as needed. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up lo the date of signature of the financial statements were.. Ms S Harrison (Chair) Mr D Cope Dr K Hennell MrJ Owens Ms J Mcmahon Mr P Alger Mr N van Breemen VIBE CHARITABLE INCORPORATED ORGANISATION Mrs C Farley Report of the Trustees (including Directors, Report) {continuedl for the year ended 31st March 2025 Trustee Recruitment & Induction Structured application & interview process Tailored induction with ongoing training opportunities Charity Structure Day to day operations led by CEO & SMT Bimonthly Trustee & fortnightly SMT meelings ensure oversight & alignment Subcommittees compromising a mix of Trustees & SMT to highlight & miligate any risks proactively in advance of full Trustee meetings Principal Staff in 2024125 Paul Oginsky- CEO Brian Rodgers- Deputy CEO Tracey Murray - Resources Director Andrew Raywood- Outdoor Education Manager Charlotle Brookes- Impact Manager Setting pay & remuneration of key management personnel Vibe CIO has a N&R (Nomination & Remuneration) subcommittee in place to ensure when setting pay & remuneration for key management personnel, the process is conducted with a focus on Iransparency, fairness & alignment with the charity's financial resources & strategic goals. The Trustees conduct a thorough review of compensation packages by benchmarking against industry standards considering factors such as the charity s size, complexity & financial health including obtaining information from external sources which is then presented lo the N&R subcommittee, who may gather input from external compensation experts to ensure competitive & fair pay. Recommendalions are made based on performance appraisals, organisational needs & the market rates for similar roles, after which the Board of Trustees formally approves the pay structure. This process ensures that remuneration is set responsibly, maintaining accountability & supporting Vibe CIO'S long-term sustainability Outlook for 2025126 Looking ahead, we airn to Scale 1-2-1 relational support across the region Expand our DofE & environmental programmes Enhance evaluation through new digital platforms 191 Page VIBE CHARITABLE INCORPORATED ORGANISATION Develop more unrestricted income OPPDrtunities Report of the Trustees (including Directors, Report) (continued) for the year ended 31st March 2025 Statement of trustees, responsibilities The trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for preparing the Annual Report and Accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare accounts for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these accounts, the trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subjecl lo any material departures disclosed and explained in the accounts., prepare the accounts on the going concern basis unless il is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequale accounting records that disclose with reasonable accuracy at any time the financial position of the charilable company and enable them to ensure that the aGcounls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable sleps for the prevention and detection of fraud and other irregularities. Trustees, statement of disclosure of information to the auditors Each of the persons who is a trustee at the date of approval of this report confirm in so far as they are aware that.. there is no relevant audit information of which the charitable company's auditor is unaware., and the Irustees have taken all steps that they ought lo have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. VIBE CHARITABLE INCORPORATED ORGANISATION Report of the Trustees (including Directors, Report) Icontinuedl for the year ended 31st March 2025 Auditors Horsfield & Smith were appointed on 30 July 2025 and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting. Small Companies Provisions This report has been prepared in accordance with the special provisions relating to small companies within Part 15 ofthe Companies Act 2006. This report was approved by the Board of Truslees on 271h January 2026, and signed on ils behalf by.. David Cope Truslee VIBE CHARITABLE INCORPORATED ORGANISATION Independent auditors, report to the members of Vibe Charitable Incorporated Organisation Opinion We have audited the financial statements of Vibe Charitable Incorporated Organisalion (the 'charitable company'l for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of ils incoming resources and application of resources, including ils income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice-, and have been prepared in accordance with the requirements of the Companies Act 2006. Prior year unaudited The financial slalements of Vibe Charitable Incorporated Organisation for the year ended 31 March 2024 were unaudited. An independent examination was performed which expressed an unmodified opinion on those slalements. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UKII and applicable law. Our responsibilities under those standards are further described in the Audilols responsibilities for the audit of the financial statements section of our report. We are independenl of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial stalemenls, we have concluded that Ihe Irustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not idenlified any material uncertainties relating lo events or conditions that, individually or colleclively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of al least twelve months from when Ihe financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financia5 statements does not cover the other information and, except to the extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the VIBE CHARITABLE INCORPORATED ORGANISATION Independent auditors, report to the members of Vibe Charitable Incorporated Organisatio Icontinuedl course of the audit or olhemise appears to be materially misstated. If we identify such material inconsislencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statemenls themselves. If, based on the work we have performed, we conclude that there is a material misstalemenl of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the trustees, report for the financial year for which the financial slalemenls are prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the financial statements,. and the directors, report included within the trustees, repDrt has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charily and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreemenl with the accounting records and returns., or ertain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and lake advantage of the small companies, exemptions in preparing the trustees, report and from the requiremenl to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the Iruslees. who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a Irue and fair view, and for such internal control as the truslees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Iruslees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but lo do so. Auditoffs responsibilities for the audit of the financial statements Our objeGlives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material VIBE CHARITABLE INCORPORATED ORGANISATION Independent auditors, report to the members of Vibe Charitable Incorporated Organisatio Icontinuedl if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of Ihese financial slalements. The extent to which our procedures are capable of detecting irregularities, including fraud. is detailed below. Capability of the audit in detecting irregularities, including fraud Irregularities, including fraud, are instance of non-compliance wilh laws and regulations. We design procedures in line with our responsibilities, outlined above, to delect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity. The following laws and regulations were identified as being of significance to the entity.. Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax and Pensions legislation, and Charity Law. Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the charity and therefore may have a material effect on the financial statements include compliance with charitable objectives, public benefit, fundraising regulations, safeguarding and health and safety legislation. Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of.. inquiries of management and the Trustees as lo whether the entity complies wilh such laws and regulalions., enquiries with the same concerning any actual or potenlial litigation or claims,. inspection of relevant legal correspondence., review of Trustee meeting minutes,. testing the appropriateness of journal entries., and the performance of analytical review to identify unexpected movement in account balances which may be indicative of fraud. No instants of material non-compliance was identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAS (UK). A further description of our responsibilities is available on the Financial Reporting Council's website at.. htlp'.Ilwww.frc.org.ukJauditorsresponsibililies. This description forms part of our auditor's report. 241 Page VIBE CHARITABLE INCORPORATED ORGANISATION Independent auditors, report to the members of Vibe Charitable Incorporation Organisatio Icontinuedl Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charity's members those matters we are required to slate lo them in an auditors, report and for no other purpose. To the fLJllest extent permilled by law, we do not accept or assume responsibilily to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Peter Nicol Bsc FCA (Senior Statutory Auditor} for and on behalf of Horsfield & Smith, Statutory Auditor Tower House 269 Walmersley Road Bury Lancashire BL9 Date.. 28 January 2026 251 Page VIBE CHARITABLE INCORPORATED ORGANISATION Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31st March 2025 Unrestricted Restrlcted Total funds funds 2025 funds 2025 2025 Vnrèstrl¢t?d Restricted Total funds funds 2024 fund5 2024 2024 Notes In¢oTnÈ From.. Donations and 18gacies 55.417 218,182 55,417 1,346,510 4,267 670,136 4.267 871.578 1,128.328 201,440 Total Incotne 273,600 1128328 1 40192B 674 403 201,440 875 843 endlture On- Chafilable Acllvities 230,217 43,383 1.228.391 1100.0631 1,456,608 156,6801 534,594 139.809 32,888 168,552 567.482 308,361 Tmnsf&rs between funds Net lèxpenditUTelllncome for the yaarlNet Tnovèment In funds 43,383 1100,0631 156,6801 139.809 168,552 306,361 Fund baLan￿S at start ofyear 139,809 168,552 308,361 Fund balances at tnd of Year 1B3 192 251.681 139,809 168.552 308 381 All income and expenditure relate to continuing operations. The Statement of Financial Activities includes all gains and105ses recognised during the year. VIBE CHARITABLE INCORPORATED ORGANISATION Balance Sheet as at: 31st March 2025 CHARITY NUMBER: 1199010 2025 2024 Notes Fixed Assets Tangible Assets 47,757 17,274 Current Assets Debtors Cash at bank and in hand 210,030 157,463 367,493 321,118 114,286 435,404 Creditors: Amounts falling due within one year 10 (163,569} {144,3171 Net Current Assets 203,924 291,087 Net Assets 251,681 308,361 Income Funds Designated Funds General Fund Total Unrestricted Funds Restricted Funds 11 50,000 133,192 183,192 68,489 251,681 100,000 39,809 139.809 168,552 308.361 The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. th These accounts were approved by the trustees and authorised for issue on 27 January 2026, and are signed on their behalf by: Mr D Cope Trustee VIBE CHARITABLE INCORPORATED ORGANISATION statement of Cash Flows For the year ended 31st March 2025 Notes 2025 2024 Cash Flow from Operating Activities 13 83,391 90.418 Cashf low from Investing Activities Proceeds from sale of tangible fixed assels Payments to acquire fixed assets 1,667 {18,9211 137,8351 Net Cash Flow from Investing Activities 37,835 17,254 Net increase (decrease) in cash in the year 45,556 73,164 Cash and cash equivalents at the start of the year 73,164 Cash and cash equivalents at the end of the year 118,720 73,164 Cash and cash equivalents consists of.. Cash al bank and in hand 118,720 73,164 VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 Accounting Policies Policies relating to the production of the accounts Basis of preparation and accounting convention The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1 st January 20161 and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities} 2019, applicable lo all accounting periods beginning on or after 1 st January 20191, (The SORPI, published by the Charity Commission in England & Wales (CCEWI , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charily has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1 st January 20191, (The SORPI, in preference lo the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice. Golng Concern The charitable activities are entirely dependent on continuing granl aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 March 2025, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainties about the charity's ability to continue as a going concern. Risks and future assumptions The Charity continues lo implement its established Health and Safety policy as well as procedures to ensure Ihal risks are minimised for both staff and young people in all other aspects of ils work. These include Safeguarding and Child Protection procedures, risk assessment of activities (on and off site), adminislralion of medication policy and procedure and a separate residential policy. Peninsula provide HR support and WorkNest provide external Health and Safety advice. WorkNest undertake annual premises audits and monitor progress against action plans. SMT provide regular Health and Safely update briefings to all staff. Information is disseminated at the Board of Trustees and Senior Management Team meetings. Health and safety is a standing agenda item on the Board meetings, Senior Management Meetings and Staff Team meetings as well as within supervision sessions. A rolling programme of health and safety training is delivered to slaff members including risk assessment, first aid and fire marshal training as well as other modules of the e-Learning Health and Safety training. 291 Page VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 The CIO has reviewed ils insurance needs at February 2025 to ensure appropriate cover for all charitable activities. Future assumptions include the development of our strategic approach for the coming year, developing our '3-Segged stool, strategy and further developing the Delivery, Training and Thought Leadership elements. The charity is a public benefit entity. The major risks to the Charily and the approach to mitigate these risks are detailed fully in the Trustee Report. Policies relating to categories of income and income recognition Nature of income Gross income represents the value, net of value added lax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Categories of Income Our income from Local Authorities represents 49.80/0 of our total income. This is spread across three of the six local authority areas and includes Halton Council, Knowsley Council and St Helens Council. Our income from Vibe Outdoors and their supported delivery represents 260/0 of our total income. This includes all income from NCS the National Lottery PVP programme, All Bridge programme alongside DofE Expeditions, the Lord Derby Award and water sport sessions. Our income from Schools, Trusts and Foundations represents 22.7 % of our total income. This includes work funded by both Merseyside and Cheshire Police, Cream, Eurovision, Wirral Community NHS Trust, Riverside Housing and Halton Housing, St Helens and Knowsley College, MAST and both Windmill Hill and L30 Big Local. 1.50￿ of our income is from donations and fundraising aclivities which includes, a marathon, a bike ride from Liverpool to Paris, flights for young people to fly to Slutlgart, race night, public events and raffles. Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (giflsl, investment income and other income. Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser. Income from a non-exchange transaction is where the Charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange. Income recognition Income, whether from exchange or non-exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity's assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably. 30Ipage VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 Following the completion of member vole of Knowsley Youth Mutual Ltd, the establishment of this charity and subsequent transition, since 1 sl October 2023 Vibe CIO has had the Business Transfer of all of Knowsley Youth Mutual Ltd Gommitmenls and liabilities. Working with Trowers Solicitors, a Business Transfer Agreement was established and formalised and the novalion of the assels, liabilities, operations and staff from Knowsley Youth Mutual Ltd lo Vibe CIO was undertaken. This has provided Vibe CIO with wider funding opportunities and pathways which will secure the long-term viability of the organisalion. Accounting for deferred income and income re¢eived in advance Where terms and conditions relating to income have not been mel or uncertainty exists as lo whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until il is probable that the terms or conditions imposed can be met. Any granl that is subject to performance-relaled conditions received in advance of delivering the goods and services required by that condition or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met. When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those condilions are met. Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned, and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred. Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable. Policies relating to expenditure on goods and services provided to the charity Recognition of liabilities and expenditure A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more Sikely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated. Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the liming or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts. which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities and is decreased by the ulilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates. 31 | Page VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 Allocating costs to activities Direct costs that are speGifically related to an activity are allocated lo that activity. Shared direcl costs and support costs are apportioned between activities. The basis for apportionment, which is consistently applied, and proportionate lo the circumstances, is'.- Staffing - on the basis of time spent in connection with any particular activity. Premises related costs - on the proportion of floor area occupied by a particular activity. Non-specific support Costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures. Volunteers In accordance with the Charities SORP, the contribution of volunleers is not recognised in monetary terms within the accounts due lo the complexity in measuring fair value. However, the Board of Trustees formally acknowledges the vital role of unpaid volunteers in supporting the Charity's mission particularly in community events & youth facing activities. Policies relating to assets, liabilities and provisions and other matters Tangible fixed assets Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. Depreciation has been provided at the following rates in order to write off the assets to their anlicipated residual value over their estimated useful lives. 20 1 straight line 33 /0 Straight line 33 % straight line Leasehold Improvements.. IT and Office Equipment.. Vehicles.. Debtors Debtors are measured al their recoverable amounts at the balance sheet date. Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulling from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Financial instruments including cash and bank balances Cash held by the charity is included at the amount actually held and counted al the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements. 321page VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. There are no endowment funds. Liability to Taxation The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation lax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of Ihe Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exlent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Winding up or dissolution of the charity If upon winding up or dissolulion of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. Significance of financial instruments to the charity's position f upon winding up or dissolution of the charity there remain any assels, after the satisfaction of all debts and liabilities. the assets represented by the accumulated fund shall be transferred lo some other charitable body or bodies having similar objects to the charity. VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 Income from Donations and Legacies Unrestricted Unrestricted funds 2025 funds 2024 Donations - individuals Donations - corporate Gift aid 45,292 2,625 7,500 55,417 3,267 1,000 4,267 Included in donations above is £33,950 {2024 £nill received from a trustee. Income from Charltable Activities Grants Contract$ 2025 income 2025 fotal 2025 Grants and contracts 2024 Services provided under contra 579,978 766,532 1346,510 871576 Analysis by fund: Unreslricled funds Re5tiicted funds 218,182 548.349 766 532 218,182 1,128,328 1346 510 670,136 201,440 871 576 579.978 579 978 Expendlture on Charitable Actlvltl&s 2025 2024 Gross wages & salar1&8- chaiilable a¢tivili8s Employers Nl charilablo aclivilies Defined contribution penslon costs- chaiilable activities Travel a￿￿ subsistence- tharilabl8 actwilies Equipment, materials & provision5 Youth aclivily 8nd delivery Hire of h2118 and accomM￿ation Subcontract paY￿nIS 646,458 48,310 25.506 53.957 60,027 77,489 37,445 237.039 15,917 9,818 17,222 39.181 47.599 18,397 17,400 400,573 949.192 Share of support ¢osls Is88 note 81 Share of governance costs (see note 81 499,741 9,675 163,250 3.659 1.458,608 567,482 Analysls by fund.. Unrestricted funds Re81ricl8d funds (see nol& 111 230.217 1,228.391 1458,608 534.594 32.888 567,482 VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 Expendlture tyn Support ¢ost$ Support Governan¢è Costs Costs 2025 2026 Support Governance Costs Cgsts 2024 2024 Total 2026 2024 EmployÈe c051s NJollnelurledlR dlre¢i ¢osts Salaries- admlnislialive stsff EmrAoyerfs Nl- adnlnistraiive staff Defined wn1rlbu1￿ cosl-adtninisirallve cos Tr2inlng ano wellaie- staff Slaff hugpltallty DBS cheth$ and Chi￿{￿[￿COM￿Ssl0n HR ¢osls 237,806 22,881 237,606 22,851 gD,003 4,710 3,840 90,W3 4,710 3.640 10.5S2 1.83B 880 7.388 10.552 1.838 860 7,388 2.700 610 2,163 2.700 610 2,163 l¥*mlses expens¢$ Rent. [?￿s and slorag8¢0$15 Cleaning and waste TrwnageiT*ni 52.714 382 52.714 382 18.080 421 16.080 421 AdmlnlslT8llvtr overheaLIs Telephone, Tmbiltr & Intemel Posiage, stai￿nery and prinbng SubscriplioTrs and licenees seTvirtr¥ Advertising and Diarkeling 14,e7S 2,55T 18,447 3.952 5.044 10.126 7,352 440 14,fj76 2,557 18.447 3.952 5.044 10.126 7,352 440 5,847 498 8,528 4.383 6U5 4.283 s,847 498 6.528 4.383 685 4.263 Depiecialion Bankchaiges Svndry expenses Audil Fees dopondenlexanNnBrfsfees Leoal fees Consuliancy le8s ount¥rw lees Iirecoverable VAT TtU51ees' away day and n￿tir0 expensos 462 154 462 9,875 9.675 2.5 2.500 1.879 4,148 ,8B1 250 30.5 27.597 22.860 250 30,500 27,597 22,860 1.878 4.14B 8.881 1.1 499,741 9,675 509,416 163,250 3,659 166,909 naly8erS be￿een charitable 499,741 9,676 509,416 163,250 3,659 166,909 Proles51onal f949 pald to th9 Audlloror Indgpendent Exatnlnyr In Bddltlon to audltand examlnatlon fèes Unrèslrlcted Restrleted Total Unrestrfcttrd Funds Funds 2Q25 2025 Restrfclod Funds 2024 Total Funds 2024 2025 2024 Fees p84 lo the audilorfsfsrm Fees pad io the e￿n¥￿er,8 film Total addltlonal f9¢8 Included In support C06ts abovè 8.881 8,881 VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 Analysis ofstaff Costs, Trustee Remuneration and Expenses. and the C08t of Key Management PÈrsonn81 The Average monthly number ol errployees during the year was.. 202S NumbÈr 2024 Number Engaged on ch3rilabl8 activities Engaged on management and adminislralion 25 19 29 23 2025 2024 Employment costs W8ge5 and salaries Employer's National Insurance ¢osts Eryloyer's ¢onlribution5 to defined conlribution pènsion sche 884,[￿5 71.170 35,607 990.842 327.042 20,627 13,458 361 127 The￿ was 1 errployee whose annual renurrEiation was £60,(KK) or mre12024 nts employee) a5 detailed below. Th8 number of erryloyees whose emolutrEnts induding taxable benefits but excludin9 etTwloyer's ￿nSiOn ¢onlribulions fall into the following bands".- 2024 2025 £60.001- £70,000 t70.001 £80.000 The key managerrEnl personnel of the eharily cornprises Ihe Chief Executive Officer. The combinecl employee benefits of th8 Chief Executive Offie8r in the 12 months ended 31 March 2025 totallers £83,50516mlhs to 31 March 2024 £36,150). No trustee$ or persons ¢onn8cled with them re￿￿¢￿ any rerwneialion from the charrty. or any related entity. Redundancy and torminatioTh payments Induded within emplyrmnt C051$ above are the following amunts in respect ol fedundancy and tsrminalion payments.. 2025 2024 Redundancy payrnenls Termination paytyÉnts Employerfs National Insurance cosls on the above Employèrfs pension contributions on the above 32,760 5.000 2.125 757 40,642 RedundanGy pay is calculated at statutory rates and is based on age and length of service, holiday pay foi unu8ed leave and a paytnent in lieu of nolite Termination paYTh￿nts are based on individual circunEtanGes following negotitaion with the 51aff nEmbèrlsl Con￿rned. P8yments in iespeGI of redundancy and termination of enyloywrEnl are recognised in the IncotrE and Expenditure A¢¢ount once notice has been given lo the emplyeelsl concerned. At the balance sheet date th8re were no aceru8d liabililios for redundan¢y or 18rminatitsn payments. 361page VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 10. Tanglble Fixed Assets Leasehold Improvements IT & Olflce Equlpment Equlpment Vehicles Total Cost and valuation At 1 April 2024 Additions Disposals At 31 Mar¢h 2026 8,269 6,215 2,295 3,804 27,140 18,288 37.835 8,400 8,400 8,269 8,510 30,944 56,123 Depreciation and impalrment At 1 April 2024 Deprerialion charged for the year DePre￿allOn on disposals At 31 March 2026 138 1.654 242 2,667 634 2.891 1,014 7,352 140 140 1,792 2,909 3,826 8,366 Net Book Valu8 At 31 March 2025 8,260 6,477 5,601 27,419 47.767 At 31 March 2024 8,131 5,973 3,170 17,274 11. Dpbtor8 Amounts falllng due wlthin one year.. 2025 2024 Trade Deblots Olh8r Debtors Prep8ymen15 and ac¢ru8d Inco 156,133 242.837 789 77.492 321,118 53,897 210,030 Crodltors.. pmounts falling du• wlthln one year 2025 2024 Bank bans and overdrafts Trade Creditors Accruals and deferred Incom& PAYE, NIC, VAT & other laxe5 OtheT Creditors 38,743 31,637 29,853 58.695 4,641 163.569 41,122 16.019 33.535 41,053 12.588 144.317 VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 Transfgr$ between Balance al 31 March 2025 13. In Funds Icurr•ntyÈar) Rèr Balance at i Incomlng RÈytsufee# Resouicey Expendèd Re51rlcled Funds Knowsley MBC- HolidayAclivitie5 Funding Know3iey MBC- MeTlr Knowsiey MBC- Short Breakssttkryll Granty 8C- Oulrgach Haiion BC- Youth Cabln&t Halton BC- IntsrÉci Halton 8C- Holiday Pthivili88 Fundin Hallon BC- Short Breaks Halton BC- ShDrt Brèèky IOuidoors} Hallon 8¢- Halton Inc Halton 8C- We$lbank Halton BC- Upton Halton BC- Ytsuth A¢btsn IHAiion yO￿h C8blnet} $1 BC- Short Breaks Sl Heleng BC- Short Breaks Iouithorsl St Helen$ BC- Youth Ca￿￿el Sl BC- Hol￿a¥ Pcti￿li&S Fund Sl Helens BC- Adolg$¢gnce S8[V￿$ Sl Helens BC- Guaidlan Projecl R￿h1 To Succeed- Nurthwood Right To Succeed- Hsllon Le Children in Need (MCDOna￿S) The Nalional Loltery- RC North We81 Region Th8 Nalional Loltery- Million Houis Fund The Naiional Loiiery- PVP NÉtloft81 Chtlxen SeNlte Trust IGarfeldWeston} SpDrt England IHLAWirtal NHS) t)aff￿ Kelw MOIN￿S Trusl Dan* Kelty Hol￿￿$ Trusl- G&t On Tiack Funding Mer3eyglde Pollce PrDlect3 Polite CrittÈ Commls8loner8- RF4 Seft Arconic FOunda1￿￿- Youth Bus OlherFunds 5,830 16.378 2,2091 s.000 1.650 84.930 20.710 20.000 16.615 49.654 8.443 12.50D 26.411 7,129 10.ODO 40.972 134,9301 120,0001 149,6541 752 5.300 7,129 li0.0￿) 13B.6641 2.399 8,665 7,981 45,500 41,738 129,519 BB,32 7.452 (F.9811 142.5761 2.924 10.241 4.904 382 17.0691 148.3681 48.36B 50.OOD 109,238 33,724 72,U33 50,ODO 8,000 22,422 50,000 27,092 37,052 8,816 41.740 13.878 186.712) 150.0001 18.0001 122.4221 150.000} 11.580) 141.16n 25,512 420 3.735 Total Reslrlcted 168 552 1,128,3Z8 1228,391 68AB9 Unrtstlcted Funds Ceneral Fund D8siunaied Funds. Manegemni restruclui& Mbe Outdwts exp8n$￿Th 39,8 273,600 9.358 133,182 50.000 so,000 {40,$421 19,358) 50,000 139809 273 600 230 217 183 192 Tol Balance at1 Aprll 2023 Transfers bÈtwee Fvnd Balance at 31 Mareh 2024 Movement In Funds Ipr]oryear) Incomlng R050urctsS Resoufcts Éxpgnded Re5trfclgQ Fund5 Knowsley MBC Holidaykli¥ities Fundi The National LOt￿ry RC North Wesl Reglo The Nation81 Lot￿ty Mllllon Hourg Fund National ¢l￿ZQn Sgtyic&Twsl Swil Eng￿Th other Funds 1T,295 53,768 50,000 41,936 15,000 23,441 5,830 48,368 8D,OOD 41,740 13,879 e,735 Total Reslrlcted 201 d40 189,55Z Unrest1cted F￿ndS General Fun Des￿￿aled Funds.. Manage￿1 reslruclure Mbe OuidNrs eynslon 674,403 IS34,S841 I100.￿0) 39,809 50.wo 50,WO 50,0 so,0 Total Unreslrlcted 674,403 139,809 VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 Restricted Funds: a. Knowsley MBC: This funding, provided by Knowsley MBC, has been awarded for the delivery of a five- year programme supporting young carers in Knowsley. Alongside the core funding, smaller pots have been made available to provide holiday activities and food provision (HAF), and tailored opportunities for children and young people with special educational needs ISEN). b. Halton BC: This funding, provided by Halton Borough Council, was awarded to deliver a range of youth work support across the borough. The funding has enabled the delivery of anti- social behaviour prevention Ihrough Outreach, Detached and Open Access provision, community engagemenl and local campaigns led by Youth Voice, as well as weekly respite breaks for parenls and young people with special educational needs ISENI. In addition, il has supported largeted work with young people affected by substance use or mental health challenges, alongside the delivery of Holiday Activities and Food IHAF) provision during school holidays. c. St Helens BC: This funding, provided by Sl Helens Borough Council, was awarded to support a wide range of youth work inilialives across Ihe borough. The funding has enabled the delivery of anti-social behaviour prevention through Outreach, Detached and Open Access provision, alongside cornmunily engagement and local campaigns driven by Youth Voice. It has also supported weekly respite breaks for parents and young people with special educational needs ISEN). In addition, the fund has contributed to Holiday Activities and Food (HAF} provision during school holidays. d. Right to Succeed (RTS): Right to Succeed is a partnership and the funding is used to deliver impactful programmes for young people living in high deprivation areas with the aim of increasing their future opportunities and creating positive, sustainable change in local communities empowering the next generation to thrive and succeed. e. Children in Need IMcDonalds): Short-term funding was provided to work with a number of Ma¢Donalds restaurants to engage with young people and staff to lower anti-social behaviour incidents. f. The National Lottery {TNLI: This is a fund provided by the National Lottery to deliver youth intervention in both Hallon and Sl Helens targeting areas of high ASB including the delivery of a skills- based programme for young people aged 13 and over through a diversionary initiative designed lo engage those at risk of criminalisation or exploitation in positive and supportive ways. g. National Citizen Service Trust (Garfield Weston): This funding was through a collective working approach lo empower young people and provide opportunities for 16- to 17-year-olds to build confidence, develop key skills and prepare for the world of work through residential trips, community based projects and online experiences. VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 h. Sport England IHLA Wirral NHSI: The aim of this programme, through funding provided by Wirral NHS, is to help young people reduce or maintain their BMI through education, activities and tailored guidance, supporting them to stay active and build confidence. Dame Kelly Holmes Trust: Funding provided by Dame Kelly Holmes Trust improves the wellbeing of young people who are facing adversily and challenges, giving them an opportunity to be the best version of themselves, boosting confidence, strengthening resilience and building self-esleem. Merseyside Police Projects: This fund, provided by Merseyside Police, was awarded lo deliver targeted outreach youth interventions in identified trouble spots across the region. The funding was directed towards reducing police involvement in anti-social behaviour situations by engaging young people in positive activities and support, with Ihe wider aim of strengthening local relationships and fostering greater trust between young people, their communities and the police. k. Police Crime Commissioners - RF4 Sefton: This fund supported work delivered by Vibe UK in partnership with Seflon Police, focusing on the importance of building relationships through the RF4 framework. The approach aimed lo create opportunities for police and young people to engage in a different, more positive way to foster mutual understanding and respect while strengthening trust within the community. l. Arconic Foundation- Youth Bus: Arconic provided funding for a Youth Bus to enhance reach and strengthen ommunilies by breaking down barriers and helping young people slay connected. Other Funds: Other funding is directed towards a mix of youth work activities, shaped by Ihe priorities of the commissioning funder and where they feel their resources would have the greatest impact. This can include a range of largeled or universal support designed to respond flexibly lo local needs and ensure the funding is used in the most beneficial way for young people and their families. Designated Funds., Management Restructure: Funding was set aside for the restructure of the Senior Management Team, including costs of redundancy for 2 existing posts and creation of Deputy CEO and Operations Director posts. Vibe Outdoors Expansion: This funding was earmarked for the polential of a new provision in North Wales. This has, for reasons including Probate, taken longer than anticipated and will now ommence in the next financial year. 40 | Page VIBE CHARITABLE INCORPORATED ORGANISATION Notes to the Accounts Year ended 31st March 2025 12. Anaty¥l$ of ng¢08$8ls between funds Unrestrlcted funds 2025 Restrl¢led funds 2025 Unr49tri¢tod funds 2024 Re$trl¢tod ftsndy 2024 Total funds 2025 Toiol 2024 Fund bala￿eS al 31 March 2025 af8 represented by". Tangible 8S5eis Nel current asset51018￿1IIieS1 22,24S 180,947 183,192 25,S12 42,977 68,489 47.757 203,924 251,681 17.?74 122.535 139.809 17,274 291,087 308,361 168.552 188,552 13. Reconclllatkjn of netmtsvement In fundytts netcash flow from op8ratlng 8ctbvllle8 2026 2024 Nel IncLKN {wenthiurel fory&8r Depreciation oifLKed assets Piofilon di5P05al ￿ fvEd 255eig IlncieA$elldecre85Èin debtoi$ I￿￿￿a$￿Ilde￿eastl InC￿di10r$ gxdUdi￿ loans 156.6901 7.352 308,361 1.0fj4 103.195 NetCa5h Flow from Operallng Actlvlllès 14. Related Pajty Transactions As disclosed in note 3, donations totalling £33,950 were received during the year from a trustee. Theie weie no other transactions with related parties during the year. and no balances existed at this year-end 01 prior year-end between the charity and its related parties. 41 | Page