Ch•rity registrAtion Dumber 1201811 (Ennd Wales) CompDy reg18tritl0 number 14101(170 EVERYYOUTH AIYNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
EVERY YOUTH LEGALANDADMINISTRATJVE INFORMATION Thistees A Ramos S Edwards K Polson AKay D Pugh MJGarnd DPWood F Bceeher CEO N Connolly ChAiryerson ARamos Chxrlty number 1201811 Company number 14101070 Regijtered office 23-27 St Andrews Street Norwich NB2 4TP Allditor Simpson Wreford LLP Wellesley House Duke of WellingtonAv¢nu¢ Royal kn¢no1 LA)ndon SE186SS
EVERYYOUTH COh'TENfS O's Statement stees. port Statement of tTUStees' r¢5ponsibiliti¢S Cbwrper50n'5 Statcm¢nt 10 ]ndqdent auditoV5 rep)rt 11- 14 Statement of fthan¢i&l a¢tivities 15 Balance sheet 16 Staternent of cash flows 17 Notes to the finala[ statements 18-35
EVERYYoirrH CEO'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2Q24 That)k you for reading Everyyouth's second audited Anrtu Report and Financhal Statement. 2024 has been exciting but cha]lenging y¢ar. Across the UK. charitftes of all sizes are slruggling for survival,. th¢ eeonomy is stuttering and demand for fynding has n¢ver b¢en Breater. And yet we bav¢ made progress- in¢r¢uing incom¢ by Ioyfj whilst building a new brand and establishing key str91¢gi¢ projKt5 thii will defme our wot* for th¢ next 5 years. Sadly, young people are doing worse. The numbery s¢ekin8 help from their local authorities because they are homele5S 018t risk of homelessrtess have grown, again, and youth un¢mployment is risiDg. Whil¢ w¢ applaud the decision to rnake Universal Credil molr ¢qual for young people, the decision 10 freeze the Housing Allowance will impact homele&% young people disproportionatety making it harder for them to live independently and more reliant 011 Social housing. Furthermo a less generous disability b¢nefits system will inevitably impact our young ppIC bKause they are significantly more likely to be n¢urodlvg¢nt and suffer from mental illnes5 than their PEer5. This situation is mad¢ wolse by the de¢ision to increase National Insurance on Employers. Ev¢ryYowth's D¢liv¢ry Partners are paid by Local Authorities to lfIl their statutory obli8ations but many of these ¢ontra¢ts are already loss making. By increasing costs without increasing ¢ontra¢t values, this policy 8uarantces young people receive less support wh¢n they need it most. Sadly ourprotests have (allen on d¢of ears. Consequ¢nily Everyyouth is doubliD8 down. While are proud to have suppthted 2,309 young people to achieve 1,640 Positive outcomes in 2024, Dur ambition is 8reater than helping individuals today. By listening to young people, buildittg brid8e5 Wlth employers, expanding the Everyyouth Networl and Scaling the Everyyouth Model w¢ aim to change th¢ game for the least fortunate young p¢ople in communities across the UK. The Evcryyouth Blueprint will: l. Pr¢v¢ni ¢hildr¢n from become horneless youn8 people 2. Help more hom¢l¢ss young people thriv¢ ps adults 3. Ixjwer long.teFm costs to the tpaY£r Nichola5 Connolly CEO Date.. 11 July 2025
EVERY YOUTH TRUSTEES, REPORT (INCLUDING DIREcfoRS' REpoifD FOR THE YEAR ENDED 31 DECEMBER 1024 The trustees present th¢ir annual report aDd financial statcments for the year ended 31 D¢¢ember 2024. The financial statements have been prepartd in a¢cordan¢¢ with th¢ aOntIng policies set out in note I to the financial statements and wmply with th¢ charity's memorandum and articles of association. th¢ Companies Act 2006 and 'Aceountin8 and Reportin8 by Charities.. Stat¢mut of R¢¢ommended Prn¢ti¢e applicable trj chariti¢s preparing their ¢ounts in aordan¢t with the Financial Reporting Standard applieoble in the and Republi¢ of Ireland (FRS 102). leffectiv¢ l January 2019). Objectives llDd Artivities Society's aspiration for its most di$advaDts8¢d young p¢opl¢ is d¢pr¢ssingly low. Too often, 'th¢ syst¢m' warehouses YOUD8 p¢opl¢ it cat¢goris¢s as 'homeless' until they be¢4)me yet another negative adult sthtisti¢. Everyyouth and Everyyouth's Neh¥oyk of Delivery Partners. think this is uttaeceptable. W¢ work collabor&tively" in parts)ership with donors, thnders, business, other oryattisations. and young people themselv¢s to achieve our shared Vision. a society whrre every youth 15 cmpowcred to thrive. Ourmi&sion is to ereats space and equitable opportunities for every youth tts thrive. W¢ achieve this by.. l. fimding illtetv¢ntions d¢liver hard m¢asurabl¢ out¢ome creating opportunities whith remove the barriers that preveni yoiin8 people a¢hi¢ving their persona] obi¢¢tiv¢s, str¢ttgthertingthe ge¢tor by redu¢Ang costs and improving efficacy. Publi¢ benefii The tn¢$ have paid due regard to guidance issued by the Charity Commission in deciding whBt activities the ehwyty should UDdertake. Aehlevtthtnts Dd pérfDrnin Sigmficanl aclivilies opk1achievents againyl objecliv&f In 2024. the Everyyouth Tewn lths focused on promoting Everyyouth as Ihe nation418ateway to Supporting the UK'S homeless young people gthd those at risk of hotThel¢ssnes5. The uncertainty and turnoil in the world around us- whetheT global or local - have made fimdraisittg unusually haTd but we have succeeded in growing our income and we have s¢cur¢d various media oprA)tbJnities - such #s the Radio 4 Appeal and The Evening Stsndard Christmas AppcAI - that have improved awareness of the Everyyouth brd. Most importantly, in 2024 Everyyovth disbursed £864,611 helpin8 2,309 young p&)ple a¢hieve 1,640 hard rneasurdble tci>mes ['Goals'l. Thi8 means for every e.£530 spent sup[lg young peopl¢ dtre¢tly, one young person h&$ made tangible step IowaTd5 a better ]ifc. These st¢Ps iry¢]je ¥cbicving B Tecognis¢d qua]ifJ¢ation, se¢urins employment or 'movin8-on' to indqKndent accomrnodation.
EVERY YOUTH TRusfEES' REPORT ONCLUDING DIRECTORS. REPORD (CONTINUED) FOR THE YEAR Ef4DED 31 DECEMBER 2024 Helth Fund Ac£ess to the right mento1 health support 15 cn]cial fot young people striving for ind¢pend¢nc¢. yet many still fa¢e significant challtrtges. Anaiysis from the Annual Population Survey (APS) suggests that in 2024, more than half ofNEET youn8 people (those not in ¢du¢&tion, employment, or training) had a health condition, with over l in 6 reportin8 mental health condition. Wi¢h)ut •dequ¢ SUPPDrt. 5ecurin¥ cducation, 5tabl¢ employm¢n¢, or independerrt living ¢a tvome an uphill battle. Th¢ H¢)lth Fund provid¢d vit¥l fundillg its five D¢liv¢ry Partners. ensurin8 that young people Gould qui¢kly access the mentsl h¢alth services tbey needed. Duc to a t¢mwrary hiatus in fundin& Everyyouth collttted nin¢ months of H¢a]th Fund data, during which £85.146 wa5 distributed, rea¢hing 319 young people and leading to 279 recorded posilive outcomes. This is a cost of £305 per outcome. Depaul UK joined the programme partway through and. in just two quart¢r4 ¢ontributed 38•/• of all reported outcome demonstrating the potential impact of expanding this apprDa¢h. Additionally, fvnding enabled Llamau to extend their factrtfrface 5UPPOrt to thTee new regions in Wale3. As the PTogramme ha5 evolvtd, Lts impa¢t has become cleaTer', 93% of young people rep)rted imprnved selfsteeM, underscoring the irnportance of carly and a¢¢essible mentsl health support in helping young people thrive. Wh this doe5 not a¢¢ount for us the prevcntative elernent. How many of the young pt4)ple supported were on a path to ¢ri5is which h now been av¢rt¢dQ Ernploybillty The Fund By the end of 2024. thc number of young people not in eth9110 employmenL or training in¢reas¢d by 14•h wmpared to the previou5 year. Thi5 rise is partly du¢ to a gap between employer expectati0115 attd th¢ readin¢ss of uJthous¢d young peopl¢. Many of these young people have faced adv¢rs¢ childhd experiences and di5tupied ¢dutiOn, r¢sulting in ballenges such as underdeveloped social ski115 low ¢onfid¢n¢e. These factor5 hold young 0p]e back from applyin8 for rvle5, attending interviews and su5taihing EET. Recognizing this, Everyyouth Employ¢d provid¢$ tailor¢d support to bridge this gap. equipping young people with tht necesshry skills and confidence to achicvc lollg-tem ind¢penden¢¢. This year. Everyyouth distributed £187,475 to 9 Delivery Parer$ to sup}rt young people in accessing employmenL ucation or training (EETI. D¢spite a r¢duction in funding during the final quarter due lo a hiats$ in fundin& Delivery Partners su¢¢essfvlly assisted 525 young p¢opl¢ In moving into EBT oppottsnities. A notable example of tbis success is in the W¢st Midlands. where St. Basils started d¢liv¢ring the Employability Fwid in 2023. Since then, they have helped 147 young people move into EET. A key factor in their succ5 has been th¢ dClOpment of strong relatiottships with lo¢&1 employers, whi¢h played avitai role in keeping young people enga8 throughout th¢ hiring and onboardiTLÈ pro¢¢$s. This approaeh has been echoed by other D¢livery Partners during our qutherty foTum5. where b¢5t pr4Gti¢e and ¢halleng¢s ar¢ Shad. b. The Boost The c05t-of-living crisis contiy)u¢s to significantly impact UTJhouscd young peopl¢. Since May 2021. food price5 have incre&sed 3/•, whslst govemm¢nt support deCred compared to the previou$ two yeors. Delivery Partners reFX)rt that financial barriers- such as affOrdable bus fare5, lack of warni clothing. and other e5s¢ntia15 - prevent mally young pwpl¢ frorn attertditt8 viial opportunities. In r¢sponse to the5c challenges, Everyyouth owarded £30,182 in B005t funding to help young people OvOrne finCial obsta¢les to EET. A total of 585 Boosts were grAnted. Th¢ average cost per Boost was £52- 5P/o lower than last y¢or. This may b¢ due to the 51% increase iti r¢que$is for travel B005ts, which generally are less expensive to fund. In 2024. they tKcounTrd for 280/r* of ail BIK)Sts, underscoring the n¢¢d for continy¢d $upport in thi5 ai¢a. A total of 497 young people bcnefitted from BIM)si funding in 2024. ffpres¢nting a 54•A Incre compartd to the previous year. This growth reflects the rising dernand for flnallcial assistance and th¢ effediveness of Boost funding i enabling young people to m¢anin8fv1 opportunities.
EVERY YoirrH TRusfEES' REPORT ONCLUDI]YG DIREcfoRS' REPORT) (cOlUED} FOR THE YEAR ENDED 31 DECEMBER 2024 HO81% & The Fund In 2024. £260,177 was distril)ut¢d to help young pwple nM)v¢ from supported housing into their own IKmes. This fundin8 SUPPOrted 255 young pwpl¢-ex¢¢eding ¢aJE¢ts by s/vIth an av¢w ¢05t of £1,020 peroutcome. In 2024, only one ten¢Y breakdown occurred, underscoring the effe¢tiveness of the pr¢-t¢n8n¢y support provided by the Everyyouth Network. Thi5 ¢otllprehElyc support includes trdining on e55ential a8pe¢ts of tenancy, such a8 budgeting. 10 equip young people with the skills needed to Sllsfain their tenancie$. Additionally, ongoitig in-teuancy support 1$ offered where needed to PTvmptly addre55 and r¢501ve sny cm¢rgin8 15SUeS. Notably. 58Y• of tenancies were secured in the social housing sector-representing a subtle shift from previous years. This cbange May r¢flert 5¢Y¢rai contributing factors. With privat¢ r¢nts wntinuing to rise and Local Housitlg Allowance bein8 frozen, social IsIng has incre&8ingly the only viabl¢ optioo fw mony young people. However, ent¢ring so¢ial housing also pr¢s¢nts new Challenges. Delivery PaeTS report that many young people are b¢in8 offered unfurnish¢d properti&S-often with)ut white goods or even f]ooring, which is often routinely remov¢d b¢tw¢en w¢ial t¢nan¢i¢s. As a ttsult. some young people Are for¢ed to tover the cost of both their supported a¢commodation and their neiv tenanry until they can afford to fvmi5h the property and move in. Fvtur¢ Build¢r5 Rental pritt5 reached an all-time high in 2024, making It inetEasin8]y difficult for young people to enter EET and leave pported accommodation. Future Builders h&8 therefore been a key stepping stot)e foT many young people wishing to stsrttheirEET journey and build their ind¢p¢nd¢nc¢. An 'empty hom¢s' proje¢t, Fuftre Builders uses donor fimds to make empty homes habitrable allowin8 Delivery Partner5 to rent them to young people in work {e.g. doing an appr¢nti¢ethip) very affordably. While rental rates vary from region to region, th¢ prin¢ipl¢ is that young people should be able to live on minimum wage (or less if sn apprenti¢e) without Tesorting to b¢n¢fits thus sidestepping the benefits trap altogether. This year, amid growing housing pressiires. the Everyyouth Network has expded the pr<>gt7mme, with support from JLcf the B&Q Foundation. increasing availablc bcdspaccs by nearly 20Yts. This means at least io more young people each yeAr will have access to stable. affordable housing- giviThg them the security ne¢ded to pursue long-terni go$. Donorn have awarded further funding to en¥4ble the Everyyouth Network to expaDd bed sp8¢es by at least 6Yo in 2025. In total, £274.(M)6 was distiybuted to Everyyouth Delivery P4rtners which helped 42 young people moved into Future Builders propertie5. OD averdge, 72 young people were participatin8 in the pro8ramme each quart¢r, with 900/ty making progress on their priority soal by the end of the year. OrggnlJ•tlonl Devel(bprn¢n¢ Ev¢ryYouth's s¢cond Ye has been on¢ of ¢onsolid&iion' putting the lim¢ and effort in to make the dcvelopments of 2023 ount. To this ¢nd we have: l. Continued to dtversify our income, by In¢1S]g the proportion of our ineome that ne from and foundatiOJL8. evemt$ athd individuals. Highlights in¢lude- Workin8 with and new fundin¥ from Comic Relie( B&Q Found&tÈon, and Th¢ BArratts Foundation. Grtswing Sleep Out from £30k to £IOOk and generating more income ftorn thalltnge events gen¢rnlty. Building relationships with individual donors through matched fi]nding appeals with Radio 4 Appeal #nd The Bi¥ Give totslling £130k.
EVERY YOUTH TRUSTEES, REPORT ONCLUDINC DIREcfoRS' BEPORT) (CONTINUED) FOR THE YEAR ET4DED 31 DECEMBER 2024 2. Expanded th¢ Ev¢ryYouth Ne0 from 10 to 13 ¢harities which required us to: Identify and f¢)rge new relationships with potential Deliv Paer$ aw55 th¢ UK. D¢v¢lop a package of b¢n¢fiis - other than funding- that make it a worthwhile exc1$¢ for resource lirnited cbaTitics. Creating the legal diKumentstion n¢c¢5sary to facilitate ¢ollaLx)ration s¢]Y for all parti¢S. 3. Pro¢s$¢d ourPlatforni Projects by: Comprehensiv¢ty t¢sting Project Flourish acrcés multipl¢ T¢gions. Delivery Parthe and employers. Working to systemati5¢ awes5 to GIK {¢.g. products donated by Simba) to reduce worf(load in preparation for expanding the products available. Publishing Dats Orchard's report into the stttOT'S dwta sophistication #nd sharing data with th¢ D¢p4rtm¢Di for Work and Pensions. None of this would have be¢n possibl¢ without conlinued support from our D¢livery Parthers and OUT Bxkers it)¢luding: Taylor Wimpey- our Foundation Funder that has been supporting Everyyouth from day one. Eversheds Sutherland LLP- our pro bono legal pther and enthusiasti¢ supwter. n¢verland- our strdte8ie brand ond communi¢atioyJs partDer. GlobaiLogi¢ {UKI-who continue to help us with OUT website. . Urban Ouifitt¢rs - wlK> h&ve provided countless opportunities for young people and supported through ndraising. Havas Lynx- have pmvidd offlce space gratis ond advised on yocial media too. Fkn&Dcl*l revielv Everyyouth distribut¢d £864.61 I (£670,324 in 2023) and 8chieved 1.629 {1.034 in 2023) positive outcomes 8LVill8 an average outcome ROI of £531 (£648 in 2023). Th¢ differe[e between years 15 pritnarily ¢au$ed by 2023 being a nine- month fan¢1 y¢8r. Everyyouth spent £155.617 raising £1,055,129 of voluirt4ry income in 2024 giving On average fitndraising ROI of £fj.78 (£6.43 in 2023). In¢omin8 resources for the year ttstalled £1,073,484 {£1.018.412. 2023) of which £540,860 (£668,708 2023) were for re$tri¢ted Purposes and £532.624 (£349.704 2023) were for unrestrirf¢d purposes. Outgoing $0rS for the year totallrd £1,397,005 (£1,085.443 in 2023) of whidl £1.006,867 (£737,933 in 2023) is attributable to r¢strictd funds and £390.138 (£347,510 in 2023) were attributable to unrestri¢ted fuDds. Overall the accounts show a d¢fi¢it for the yehr of £323,521 made up of an unrestricted surplus of £57,132 (£21,9 deficit in 2023) and a d¢ficit on restiicted funds of £380.653 (£45,041 deficit in 2023). Unrestricted funds at the year-end tota]led £506,984 {£449.852 in 2023) and rc5tricted fihnds totslled £82,370 (£463,023 in 2023).
EVERY YOIryH TRUSTEES, REpoirr UNCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THK YEAR ENDED 31 DECEMBER 2024 Reservespoli¢y It is the p)licy of the charity that unrestri¢ted fiLJ)ds which have not been designated for a specific use Should be maTniained at 4 level equivalent to betsveen three and six month's exnd1e (£129,528 - £259.056}. The trustce5 consider that r¢ser¥es at this level will ensure thE4t, in the ¢v¢ni of a signifJ¢wt drop in fimding, they will be uble to continue the charity's Cuffrent &¢tiviiies while ¢onsid¢rntion is given to ways in whi¢h additional funds may be raised. This level of re5erv¢s has been maint8in¢d throughout the y¢ar. Th¢ r¢s¢ry¢$ h¢ld at th¢ yer end were higher than six months expenditure the ditIOnal thnds were committed to Subsid) r¢8trirted fld shortf15. The fund5 were disbursed in QI of the financial year ertding 31 December 25. PIAThs for perlods In 2025 Everyyouth WAII Publisb a new year that sets Everyyouth on ? path to.. Challen8e ne8ative and one4imen$iortal public PERCEPTION of homeless young people Expand Everyyouth's NETWORK to fulfil its national remit. . CoDtinue to SUprt on PREVENTION moving our impact UPSTREAM s1¢ Everyyouth's initial PLATFORM PROJECTS. Increase and diversify Everyyouth's INCOME so Everyyouth can help more yoww people. Strneturi yvernnce and rn#Dag¢men¢ Evcryyouth is a private company limited by Buarantee. registered in Englat)d and Wales (number 1410170> and is a charity Te8iSt¢red with the CharÉry Commission for England and Wajes {number 1201911). The Charity's governin8 documettt is th¢ Articles ofAssoci&liOll adopted on Iltb of May 2022. The trustee5. who are also the directors for the purpose of wnpany law, and who served duiing the year up to th¢ date of Signature of the financial statements w¢re: ARam03 S Edwards K POln AKty D Pugh M J Garrod DPWood FBh¢r Remiitmenl ¢gnd¢wpoin¢menÉ oftrus&És The Constitirtion requires at least three ttw5tees but there is no MlmuM number. The trw¢s may be benefi¢iari¢s of the charity or ¢ntirely ind¢pendenr of th¢ ¢hgrity but the numb¢r of independent truytees shall be no less thon the number wbi¢h is equai to 50% (rounded dovm to the nearest whol¢ number) of the total number of twstees. New tru5t¢¢s llre recommended by existing trust¢¢s and appoint¢d by an ordinary rEsolution of Members orth¢ Charity. Trustees retire from office at every amnual gen¢Tal me¢tiDg but may offer themselves for reapp)intment by the Members. No trustee should se¢ for moT¢ than consecutive year4 unless the truste&% consider it would be in th¢ best interest of the ChArity and that ttwte¢ is th¢n reappointed by th¢ Memb¢rs of th¢ Ch8rity. Four independent trustees were cNpted onto the Board in 2024. Th¢s¢ new tru51¢¢s r¢signed and were re4)poititr4 as per the Arti¢l¢s of Association at the Ann Gen¢Tal M¢¢tiD8 in 2025. Board appDitrttnents att based on merit and whetb¢r a ¢andid*e h&8 the skills athd knowledg¢ to b¢ an efflIve trustee and ha5 the ability to support Ev¢ryYouth's 8mbition5. All t]ustee5 are intcryiewed by a Irustees repr¢sentstive and the Chief Executive Offi¢¢r. Prior to appointment, trustees receive a comprehensive induction into EVeryYOh and are provided with Everyyouth's Code of Condu¢L Conflict of Ittteresl Policy attd inforn8ti¢)n about their role attd r¢sponsibiliti¢s. All trustees m¢et regularly wilh the Chief Executive, the senior management tegm and other members of stsff, #nd when required further training is atTanged for a tnte¢ as wn individval or forthe Board as a whole.
EVERY YOUTH
TRUSTEES. REPO]rr (JNCLUDlTr
EVERY YOUTH TRUSTEES. REPORT (tI¥CLUDtNG DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 DktloBure of iDforniation to auditor Ea¢h of the trustees h&$ ¢ollfimi¢d that th¢re 15 no inforn)ation of which they are aware whi¢h is r¢leY8J)t to th¢ audit, but of which the auditor is uttaware. They have fiyther eonfrned that they bave taken oppn)pri8te slep5 to identify sueh relewdrtt infomjation and to establish the auditor is aware of sh inforniation. The tru$tees' report was approved by the Board of TrUs¢s. tWRanMbslJl1.2Q2ltt38GNT+J1 A Ramos Trn$t¢¢ 11 Juty 2025
EVERyYOH STATEME OF TRusfEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustee5. who are also the dir¢etors of Every Youth for the purpose of ¢ompany law, are rtswjnsible for pr¢paring the Trustees, Report and thr fman¢ial stot¢mentS ID accordallce with appli¢abl¢ law and Unit¢d Kingdtsm ACContIng Standards {Unitcd Kib)gdom Generally A¢¢¢pted A¢counting Practice). Complny law requir¢s the trustees to prepare finaD¢iai statem¢nts for each fmancial year which giv¢ a true and fair view of th¢ state ofaffairs of the ¢harity aDd of the incorning re50urrks and application of rcsources. ineluding the in¢¢)me and expenditure. of the ¢haritable compaDy for thatyear. In pr¢parin8 these financia] stfitanent5, Ihe tTUSte¢s required to: . select suitable a¢¢ounting poli¢i¢s and then apply them COTJSi5tently* - observe the mcthods and principles in the Clwities SORP., - make judgements and estimates that or¢ reasonable and prndent - $ial¢ whether applicable UK Accounting Stsndards have been followed, subject to any mat¢rial d¢partures di$¢105ed and ¢xplained in the fi[¢1] statern¢nts; and - prepare th¢ financial Statements on th¢ goin8 concern basis Unless It 15 inappropriat¢ to presum¢ that the chwity will ¢ontinue in i)peration. The truste¢s are responsible for keeping adEqUAte Counting r¢wrds that diseltsse with reasonable a¢¢ura¢y a¢ any tim¢ the fall¢la] position of the charlty attd enable them to ensure that the fancial statements ¢omply with the Companics Act 2006. They ar¢ also responsible for safeguarding the Lssets ofthe charity and hettce for taking Msonable st¢ps for the prevention and dct¢ciion of fraud and other itregulariti¢s.
EVERY YOUTH CIIATrNIAN'S STATEMETr FOR THE YEAR ENDED 31 DECEMBER 2024 My first year a5 Chair has %en our Chartty continue to k¢ progr¢55 during the most challen8in8 and turbulent year in thc Charity sector. Dctnand for the SUPE and scrviccs provided by our Delivery Partnm grown with1¢55 fimding avJilabl¢ and high¢r wsts. Y¢L d¢spit¢ this blegk Ol00k we hav¢ a tro¢k record of d¢liv¢ry, ond I r¢m8in optimisti¢. Our youn8 p¢opl¢ hav¢ &thive r ¢hang¢, and we see ourDelivery Partners up and down the Country deliverin8 that change. We seek to liste wider5taTLd and deliver fot our young people and their iti¥iring stories demon5trat¢ what can be achieved and improving outcomcs foT indivithia]s and society. We owe a gre deal of thanks to our donotrs both businesses and individuals, none more so than our CEO Nick Comiolly for hi5 vision and drive, and his team for their complete comrnitment and hard work, and my fellow Trustee5 for their hprd work and support. Plea8e consider supporting our work and help w ch8nge the liYe5 of many rnore young peopl¢ forth¢ better. Anthony Ramos Chirperson Date: 11 July 2025 io-
EVERYYOUTH INDEPENDENT AUDITOR'S REPORT TO THE MEMBEIL8 OF EVERY YOUTH Oplnlo We have audkted the fJnan¢iai Stateme] of Every Youth {the 'ch8rity'l for the year ended 31 Deccmber 2024 whi¢h mprise the statement of fiDaTL¢ial a¢tivities, the balan¢¢ 5he¢t, th¢ ststement of e&sh flow5 and notes to the flllancial stements, including significallt accounting policie5. The financial T¢PQrtinB framework that h&8 been applied in their preparation is applicable law and United Kingdom Accouniing Stsndards, including Financial Reporting Standard 102 The frinocitsl Reporting Standard applicable in ihe UK tmd Repkblie of Jreland {Uniied Kingdorn G¢n¢raily A¢¢ept¢d Ac¢ounting Practice). In ouropinion, the financial statements.. give a true ajhd fair view of the state of th¢ ¢haritabl¢ ¢ompany'5 affairs as at 31 December 2024 #ttd of its incoming resourees #Jld application of resour¢e& in¢luding its income and expenditure, foi the year then endcd., ht4ve beel) pwp¢rly prepared in accordance with United Kingdom Generally A¢c¢pt¢d Accounting Praai¢e; and have been prepared in accordhrtce with the requinments of the Compani¢5 Act 2006. Basis for We eondu¢ied our audit in a¢cOrdCe with International Standards on Auditing UJK) USAS (UK)) and applicable law. Ow responsibilities under thos¢ st8ndards are further described in the Audiior's respon¥ibllilies for ihe Lwdli of ihe fipJaKeial siulemeis section of our report. W¢ are iThdependent of the charity Èn aGGordatLce with th¢ ¢thi¢al requirements that arc rel¢vatht to our audit of the financial ststement5 in the UK, includin8 the FRC'S Ethical Startdard. and we have fulfilled our other ethi¢al r¢sportsibiliti¢s in fKcordan¢¢ with these requirements. We bclieve that the audit evidence wc have obtsined is suffi¢ieni and appropriat¢ to provide a basis for our opinion. Conduilons relAtlng to golng coneern In auditing th¢ fJnanci81 ststements, we have concluded that the tru5tees' use of tbe going ¢on¢¢rn basis of a¢couniing in tho preparation of th¢ fJnan¢iai statements 15 appiopriate. Based on the work wc have pcrform¢d, we havc not identified any material un¢¢ttsinties relating to ¢v¢nts OT ¢o11t10nS thal individually or collKtivety, may cast Si8nifieant doubt on the charity'5 ability lo continue as a going ¢oncern for period of at least tsv¢lve months from wh¢n th¢ financial statements are autborised for issue. Our re5pon5Lbiliti¢s thr reSp(1b]I]ti¢s of th¢ Itee$ with re5Pttt to 80ing concern are destribed in the rel¢vaTEt sections of this report. Oth¢r inforniatioll The other inforniation comprises the infonnation included in the anyjual wrt otherth2n the financial statements and our auditorfs report thereon. The trnstees ar¢ responsible for the other information ¢ontsin¢d within the annual report. O opinion on th¢ financial slatement5 does not cover tILe other fftnfornjation and, ex¢ept to the ext¢ni oth¢n¥is¢ expli¢itly 5tstEd irl our r¢px)rt, w¢ do not express any fonn of &4surdnce concluston thtrcon. Our respK>nsibility is to read the other infomiation and, in doing so. consider whether the other inforniation is materially ifieosistent with the financia] statements or our knowledg¢ obtained in th¢ wurse of the audit, or otherwise appea]Y to be materially misstotsd. If we identify such motsri81 inconsisten¢ies or appar¢nt merial mi$5tatemeDts. we are required ¢0 d¢temiine whether ihis gives rise fo a mat¢ria] misstatement in the financial statements themselv¢5. If, ba5d on the work we hav¢ p¢rfomied, we onclude that th¢re is a material misststement of this Oth infornjation, we are rcquired tts report that fact. We have nothing to report in this regard. Opiiii011s OD other matters prcrIbed by tht Companles Act 211116 In our opinion, based on the work undertaken in the course of our audit: thc infomatson givert in the trnst¢es' report for the flnancial year for which the financi Stateme[ are prepared. which includes the directors, report pttpared for th¢ putp)s¢$ of company law. 15 consistent with the financial statements., and the dite¢tors' report included within the trustces, report has been prepared in a¢¢ordan¢¢ with appli¢able l¢ga] requRr¢ments.
EVERY YOUTH INDEPEN'DENT AUDTfoR'S REPO]rr (CONllNUED) TO THE MEMBERS OF EVERY YOUTH Matters on Hthleb we are re41red to yert by exceptioD In the light of the knowledg¢ and understanding of the charity aThl its environmet)i obtsined irt the course of the audit. w¢ have no¢ identified m¢rial misstatements in the directors, r¢ included within the tru$tees' re>rt. We have nothing to r¢port in re5PCCt of the following matters in rc]atioD to which the Companies Art 2006 requir¢s to rtptsrt to you if. in our opinion.. adequate aCnting r¢cor&s have not been kepL or r¢ttwns adequate for our audit have not been receiv¢d frojn branches not visited by us. or th¢ flnancial Statements are not in agrecrnentwith the acc4Juntin8 records and returns. or ¢ertain disclosures of thistees. remuneration specified by law are Tht made. or we have not received all the information and explanatio1 we require for our audil. or the tte¢S were not entitled to prepare the financial statements in accordance with the small ¢ompanies rcgime and advthntage of the small Companies, exernpti4)n$ in preparing the knstees, report pnd from th¢ requirement to prepar¢ A strategic report. Rtspon5ibilities of trustee5 As explain¢d mor¢ filY in the statem¢nl of trnst¢es' responsibilities, the Inl¢es, who are a150 the directors of the clwity for the purpose of company law, are responsible for the preparation of the fjnancial statements and for being satisfied that they gi o ttv¢ and fair view, and for such internal Control as the trustees detemine 15 necessary to enable the pYepBrntion of fin8nci81 stAtements that are free from mAteriBI missiAtsm¢nt, whether due to frad or error. In preparing the finan¢ial siatements, the ffiiskes are respx)nsible for assessing the ¢harity'S ability to c4)ntinue &8 & going ¢once di5Glosin& as applicable, ]nattEts r¢lat¢d to going aTJd u5ilJg th¢ going conc¢rD b&sis of a¢c¢)witing unless the trwst¢es either intend to liquidate the ¢haritsble MpanY or cease operations, or have no rtaii5tic alternativ¢ but to do Auditor'j Mponsibilities (or the ¥Ludlt of the fmnci*l 5tattmeDts Our objectives are to obtain reasonable a5sufdn¢¢ about wh¢th¢r th¢ fiDaDcial ststements as a whole arc free from mal¢Tial misstal¢menL wh¢th¢r du¢ to froud or error, and to issue an auditotrs report that includes our opinion. Reasonable suranCe is a high level of &sgurance but is not a guarantee that an audit conducted in accordance with ISA5 (UK) will always detect a material misstatement when it exists. Mi55tatements w arise from fraud or error and ar¢ considered mat¢ri81 tf, it)dividu8lly or in th¢ aggr¢g&te, they ¢ould reasonably be ¢w¢ted tt> influen¢¢ the ewnomic decisions of users taken on the basis of these financial statements. Irr¢gul8riti¢s, in¢luding fraud, ar¢ InSts¢S of non-¢omplian¢¢ with 18ws and r¢gulations. Wr design pn)ceth]res in lin¢ with ourr¢spDnsibilities, outlined al)ove, to detect m8teriA] rni$$tatwnents in respect of irregularities, including fraud. The ¢xt¢n¢ to which our pledures aT¢ capabl¢ of d¢t¢¢tin8 irr¢gulariti¢s, in¢ludin8 fraud, is deiaiied below. Th¢ ¢xl¢nt to which our pn)¢edyres atr cap8bl¢ of d¢t¢¢ting Irregul1t1¢S, inclwding frwjd, is detailed below. 12-
EVERY YOUTH IIYDEPEYDENT AiiDITOR'S REPORT (coNfINUED) TO THL MEMBERS OF EVERY YOUTH ExtsDt to wbi¢kn the audit w•$ eonsidered eipAble of detettlng Irregul)riti, including frAud Our approach to identifying and assessing the risks of material misstatemeni in respect of irregularities, it)¢luding fr and noTrcompliance wifh laws and regulations, was as follows: th¢ engagement parlner ¢nsura that the eng28emeTht team collectively had thc appropriate ¢omp¢ten¢¢, capabilitie5 and skills to idtntify or re¢ogni$e non.compli•)ce with applicable14ws and regulations.. identified the laws and regulatiotts applicable io the ¢ompany through discussions with trustees and fflher manag¢m¢nt, ¥nd from our commereial knowledge and exp¢rien¢¢ of th¢ ctwity sector, we focused on specifLC laws alhd regulations which we nsIder¢d may have a direct material effect on the finan¢ial stat¢ments or the operations of the company, including th¢ Companies Act 2006. the Charities Act 2011 and daia prote¢tion,' we as5e55ed the ¢xt¢nt of compliance Wlth the law5 and regulations identified abov¢ through making enquiri& of manag¢n)eni and inspethng le881 CotspOndenCe,. and identifird laws regullOnS wer¢ communicated within the audit team regularly and th¢ ¢¢am remained ai¢rt to in5tan¢ts ofnon-wmplian¢¢ throughout the audit. Audit TeJponst to rlyks Idtntlfled We assessed the suscxptibility of the company'5 financial 5tat¢ments to mat¢rial misstatemen¢ including obtsining an undtt5taTLding of how fraud might occur. by: making enquiries of management to where they ctsnsider¢d the was sus¢¢ptibility to frau(L their knowledge of susp¢¢t¢d and alleged fraud; and nsidrring th¢ internal ¢ontrols in place to mitigate ri5k5 of fraud and noTr¢omplianc¢ with law5 and regulalions. To addres5 the risk of fraud through m8nagem¢nt bia5 override of contrtsls, we.. perfomied an•lyiical pro¢edur¢s to identify any unusual or unexpectd relationships., tested journal entri¢5 to identify unusual transactions., • &$5e55cd whether judgements and assumptions rnade in ddemiitting the aceountin8 estim¢$ wwe indi1Ve of potential bias., and investigated the rational¢ behind si8nifi¢ant or unusual transactions. In response to the risk of irre8ularities and nonrfompli8nce with laws and gulations, we designed procedures which in¢luded, but were not limited to.. agreeing financi 5tafrment disclosures to underlying supporting docwnentstion" ¢nquirin8 of mallagement as to actual and potential liligation and ¢laims' alld revi¢w of meeting rnitwtes • enquirin8 &$ to any correspondence with the Charty Commission. Ther¢ ar¢ inherent limitations in our audit PTocedures d¢s¢ribed abov¢. The more removed that laws and regulations are from finon¢ial tran5a¢tions, the les5 likely it is that we would become oware of non-¢ompliance. Auditing standards also limit the audit pcedureS T¢qvired to identify non-¢omplian¢¢ with laws at)d regulations to enquiry of thc director5 and other management and the insptetion of regulatory artd legal wrresponden¢e. if any. Materlal misstar¢ments that aris¢ du¢ to fraud can be harder to dete¢t than those that aris¢ frorn error as they may involve deliberate ¢on¢ealment or¢ollusion. A further description of our re$pKpnsibiliti¢$ j5 4vailable on the Fin8nciAI Reporring Council's website &t= httys-J/ WWW.fr¢..uwdudltoYsrtsnSiblIitie$. This description form5 part of our audit0S report.
EVERYYOUTH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBETLS OF EVERY YoirrH Use of T¢POrt This report is made solely to the ¢harttable ¢ompany's memiws, a5 a body. iii 8cwrdan¢e with Chapter 3 of Part 16 of the Companies Aet 2006. Our audit work hAS bttn und¢rtak¢n 50 thot w¢ might state to the charitable ¢ompally'5 m¢mbers those matters we are tequired to sta* to them in an auditor's report and for no tsther purpose. To the fullest extent perrnitted by law. wt do not accept or assume resp)nsibiltty to anyot)e other ihan the charitable company and the d)aritablc company's members &8 a IM)dy. for our audit work. for this repo¢ or for the opinion5 wc have fonned. Kats Taylor FCA{SeDior Statutory Auditor) For wnd on behalf of Simps¢)n Wreford LLP, Siathrtory Audiknr Chartered A¢¢ountants Wcllcsley House Duke of Wellington Avuue Royal Arsenal Londo SE18 6SS 24 July 2025 14-
EVERY YOUTH STATEMENT OF FINANCIAL AcnviTIES INCLUDING INCOME AND EXPEf4DITURE ACCOiiIYT FOR THE YEAR ENDED 31 DECEMBER 2rtt4 UAres¢ri¢t¢d Restricted fullds 2024 Tot•1 Unrestrlettd Restrleted fund5 fuDds 2023 Totsl 2024 21124 2023 21)23 Notes Ineome frnjn: Donations and leg8¢ie$ Charitable aGtiYities Investsn¢nts 514,269 3,321 15,034 540,860 1.055,129 3.321 15,034 346.883 1821 668,708 1,015,591 2,821 Tot*1 Ineome 531624 540,860 1,073,484 349.704 668.708 1.018,412 Expenditure Raising funds Charitable activities 155,6l7 234.521 155,617 1241,388 157,787 189.723 157,787 927,656 1.006,867 737,933 Totsl expenditr¢ 390.138 1,006,867 1,397.005 347.510 737.933 1,085.443 r4et In¢omeJ(exp¢thdIth) 142.486 (466.007) (323,521) 2.194 (69.225) {67.031) Transfer5 betw¢£n funds {8S,354} 85,354 (24.184) 24,184 Net mov¢meDt in 57,132 (380,653) {323,521) (21.990) {45,041) (67.031) R¢¢ontlllitlon of funth: Fund baianGes l January 2024 449.852 463.023 912,875 471.842 508.064 979,906 FuDd bal#ocu At 31 DetÈmber 2024 506,984 82,370 589,354 449,152 463,023 912.875 The stat¢m¢nt of finan¢ial activitie5 include5 all gains #nd losses re¢ognised in the year. All income and expenditure derive from ¢oniinuing tiVIti. 15
EVERYYOUTH BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 l¥fj¢eJ Flxed assets totansible &s$¢ts Tattgible assets 15 14 7.612 5,201 10,150 7,512 12,813 17,662 Clltytnt gsstts Debtors Casb at bank and in hand 16 36,904 575.400 198,216 812,832 612,304 1,011,048 Creditors: amounts falling due withill otse year 17 (35.763) (115.835) Net ¢urrent assets 576.541 895213 Totsl 4s8ets le89 Ilablllties 589J54 912,875 The funds of the charity Restricte41 in¢ome fvnds Unrestricted funds 19 21 82,370 506,984 463,023 449,852 589.354 912,875 The financial ststements were approved by the trwstees on 11 July 2025 Trnstse Company re8istration number 14101070 {Englalld and Wal¢s) 16
EVERY YOUTH ATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 21124 2024 21)23 Notes Cash l]ov$ fm)ll op¢r8ting xctivitsu Cash (absorbed byyg¢n¢rated from operations (252,466) 795.117 Inve8tin¥ adivltles Pllr¢h&se of ifflangible assets Investrnent income rcceived (11180) 15,034 Net casb geDer•ted froml(u$ed in) inYe5tiD8 aetivitie5 15,034 (12,180) Net generated frorn fine1Thg JietivitieJ (deeM8eyln¢rtsse kn esh and ¢•$h fquivAl¢nts (237.432) 782,937 Cash and eash equivalems &t b¢ginning ofyear 812,832 29.895 Cash *Dd ¢•sh equivalents At end of year 575.400 812.832 17-
EVERY YOUTH NOTES TO THE FJf4ANCIAL STATElErs FOR THE YEAR INDED 31 DECEMBER 2024 A¢counthbg pollele8 ChArlty infoTm#tioD Every Youth is 8 private company limitrd by guarwrtee incotyorated in England gnd W¢$. The registered offi¢e is 23-27 St Andr¢ws Stre¢1, Norwith, NB2 4TP. Earh of the tru5tecs is liable to eontiibut¢ an amount not ¢x¢e¢ding £1 in the event of liquidation. 1.1 A¢couDtlng eonventll The financial statements h&ve beett prepared in accordan¢¢ with the charity's memorandum and arti¢les of sso¢iatioffj th¢ Cornpanics Act 2006. FRS 102 'Yhe Fin8ncia] Reporting Standard applicable in the UK and Rq)ublic of IrelaDd" (Rs 102") ¥nd th¢ Charitie5 SORP 'A¢ntIng and Rewting by Chariti¢s.' Statement of RK¢xnm¢nded Practice applicablc to charities prepaTin8 their accounts in a¢COrdan with the Financial Reporting Standard applicable in the UK 8nd Republic of Ireland (FRS 102). {effe¢tive l January 2019). The charity is a Public Benefit Ftity as defined by FRS IO2. The finaneiai statements are prepared in st¢rliti& which is th¢ fith¢tionai ¢utr¢ncy of th¢ ¢lwity. Monethry amout in th¢se fJAan¢ial ststemellts Are rounded to the nearest £ Th¢ financial statements have been prepared w)der the histori1 c<)st eoILveDtion. The princip accounting poli¢i¢s adopted are s¢t out below. A.2 Going concern At the time of Approving th¢ financial stat¢ments. the tswst¢¢s he a reasonable expectatiot) that the ¢hority h&s adequat¢ r¢sour¢¢s to wntinu¢ in operatioDa] ¢Kisten¢¢ for the foreseeable fitture. Thus th¢ 7te¢S continue to adopt the going concern basis of ¢Outing it) preparing th¢ finan¢ial stat¢ments. There are no terial unc¢rtainti¢$ about th¢ ¢harity's ability to Continue. IJ Charlt8ble funds Unr¢stri¢t¢d fvnds are available for use t4t the discretion oflhe trustees in furtherance of their charitable objectives. R¢slri¢ted funds are $ubj¢¢t io spe¢ifi¢ ¢onditioffts by donots or gratttors ¥s to how th¢y may be used. The purposes And us¢s of the restricted fvnds gre set out in the note$ to thc fLnancia] Statements. 1.4 Jn¢onb• Inc¢)me is recognised when ihe ch8rity is le8ally enti¢ld to it after any p¢rfomiance fODditioDs have been m¢L the amou1 can E< rnc&sured reliably, and it is probable that income wll b¢ e1ved. c donations are recognised on T¢CCiPt. Ollr donat15 are reco8nis¢d onc¢ the ¢hartty has betn notified of the donation, unless perfomance conditions require deferral of the amount. Income tax recoverable in r¢lation to donations received under GiftAid or deeds of covtnant LS reco8nised at thc time of the donation. Grants are recognised wlwn the Charity ha5 an entidemeni to th¢ funds and any conditions linked to th¢ grants have been met. Government grants are Tecognised at thc f&ir value of the Lsset received or lYble when thcrc is IOnble assurattce that the grwrt Conditions wiu met and the grants will be r¢c¢iY¢d. A grant $pe¢ifies perfornian¢e Conditi<) 1$ rtcognised in itjcome when th¢ p¢rfornian¢e cortditions ar¢ m¢ Where a grant does not specify perforni¥h¢c conditions it is recognÉsed in income when the proceeds are received or receivable. Agrant received before the recolti0Th Criteria are satisfied is rgnised as a liability. 18-
EVERY YOUTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2024 poll¢les (Continued) 1.5 Exptndithre Exp¢nditle is recogntsed once ther¢ is a legal or c(Jnstructive obligation to tran5frr e¢oTh)mi¢ benefit to a third it 15 probable that a transfer of economic benefjts will bc required ID settlemelbt, and the amount of th¢ obligation can bc measured reliably. Expenditure is ¢18ssified by activity. The costs of ea¢h Aclivity are mad¢ up of the total of dir¢Gt Costs and $hared costs, in¢luding support costs involved in undertaking each actiYity- Direct eosts attributable to a single adivity are allo¢ated directly to that activity. Shared costs which Contribute to more than one activity and sUPPOrt costs which are not &ttributsbl¢ to a single activity are apportioned benveen thos¢ a¢tivities on a b&4is consislent with the use of resources. C¢ntrai Stsff cost8 are allocated on the basi5 of lime spenL and d¢pr¢¢iation charges are allocated on the portion of th¢ asset's $¢. 1.6 Intangible Ilxed gssets other than goodwiu Intangible assets aequired separately from a business are reco8n15ed at C4)5t ond ar¢ $ubs¢quet)tly rn¢asllred at cost less aUmlated amorti5ation and a¢¢umulated impairnient losscs. Amortisation is reeognised so to write off ihe Cost or valuation of Sets less their residual values over their usefvl lives on the following ba5es.' Softwar¢ 4 years straight line 1.7 Tanglble fJxe41 assets Tahgible fixed assets ar¢ initialty MSured at cost subs¢qllently mea8ured at cost OT valuation, net of depreciation and any impairnient losscs. Depreciation 15 rerogrtis¢d so as to write off the c05t or vduation of assets less their residual values ov¢r their usefvl lives on the following bases.. Computers 4 Ye slrnight lin¢ The gain or loss arisiA8 on the diswJs81 of an asset is det¢rniin¢d the difference beThveen the sale proce wjd th¢ can7ing value of thc and is re¢ognised in th¢ stat¢m¢nt of financial actiYitAes. 1.8 Impairnient fixed 4$8¢ts At each reporting end dat¢, the Charity T¢vi¢ws the callyin8 amount5 of ils tangibl¢ and intangible ass¢ts to deterniine whether there is any indi¢ation that those asyets have Suffered an irnpAirn1eni ltsss. If ony such indication exists, the recoverable amount of the Asset is estimal¢d rn order to detemiine the extent of the impairni¢nt loss {rf any). 1.9 C*sh And cash eqMlvileDts C&4h and cash equivalents in¢lud¢ cash in hand. deposits held at C1 with banks, other short-temi liquid nveslmeJJt5 with original maturiti¢s of three months or les5, and bank overdrafts. Bank overdrafts we shown within borrowings in Current liabiliti¢s. 19-
EVERY YOUTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢tounliD% polifi (Thnthhued) 1.10 FinanaAI instrnments The charity has eleded to apply the provisio1 of 11 'Bl¢ Financial Insttum¢nts' and Section 12 '0ther Financial 1Thstruments 185ues' ofFRS 102 to all of its fiDan¢ial instruments. Financial instruments are recOlSed in the charis balance sheet when the charity b¢come5 P4rty to the conttathal provisions of the instrumenL Finan¢xai ass¢ts and liabilitie$ are offs¢l with th¢ net amounts pr¢s¢nt¢d in th¢ fitJan¢ial statements, when there 1$ a legally enforceable right to set off the recognised amounts and there is an intention to sett]e on a net basA$ or to reaiise the asset and settle the liability simultaneously. BosicfmonciAI afsets BasiG fin¥Jh¢ial Sets, whi¢h in¢lud¢ dcbtots and cash and bank bolam¢¢s. are initially rne4surcd at traTLSa¢tion pri¢¢ 1cludIng transactton costs and are subsequ¢t)tly carried at amortised cost usit)g the effective interest method unless the anangemertt ¢on$tittttes a financing transaction. where th¢ transadion is measured at the present value of the firture re¢¢ipts discounted at a market rate of inr¢rest. Financia] Sets classified &8 reciv#ble within one yw Ar¢ not amortised. 3[coRe111lbl1Id BasiG finan¢i&l liibililies, including ¢trditors ad barjk loans are initially recognised at transaction price un]&s$ the 8rrAngem¢nt constitutes a fin8ncing trsa¢tiOn, wher¢ th¢ debt instrnment is m¢asured at the present valu¢ of the futtwe payments dlscounted at a makn rate of iti1¢$1. Financial liabiliiies ¢lassAfied as pay4bl¢ within one year are not amortised. Debt instruments are subsequently e4rried at amomsed eo$L using the effe<tive interest rnte method. Trade Credito ar¢ obligations to pay for ¥oods or s¢rvi¢es that have b¢eD acquired in the Ordinary course of operdtiotLS from suppliers. Amout)ts payable are ¢la$sified as current liabilities if payment l5 du¢ within one year or less. If not. thcy are pre5cnted as non-current liabilities. Trttde creditors are rerogni5ed initially at transxtion price and subsequtmly m¢&sured at arnortised cost using The effe¢tiv¢ interest method. D¢r¢cosnition offinancielliabililie5 Finan¢ial liabilities are d¢r¢¢ognis¢d when the clwity's ntractUal obligations expire discbarged or caDcell¢d. 1.11 R¢tir¢rnwt b¢n¢r Payrn¢Dts to defmed ntrIbutiOn retirement benefit schemts are charged 88 an expense as they fa]1 due. Critical 4ccounting e5timte5 judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimat¢s and assuEnptions about the ¢anying amount of ets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on hi$tori¢a] experience ond other factors that ar¢ ¢onsid¢r¢d to be r¢l¢vant. A¢tual results may differ from th¢se ¢$timat¢s. The estimates 2nd underlying assumptions ar¢ Teviewed on All ongoing bssis. Rewsions to accou]ng ¢stimot¢s are recognised in the period in whi¢h th¢ ¢stimat¢ is revised where the revision aff¢¢¢s on]y ibat period. or in the period of th¢ reYi$ion attd futur¢ wiods wh¢r¢ the revision aff¢¢ts both ¢ury¢ot and futur¢ PeTiod5. -20-
EVERY YOUTH NOTES TO THE F]NANCIAL STATEMENTS {CONfINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donation8 4nd I¢EAde$ UntrActed Restricted lld$ funds 21124 2024 Total Urtrestri¢ted R¢stritted rund$ fid8 2023 2023 T¢)¢al 2024 2023 Donations and gift5 Grant5 receivable Sponsorship fees 504269 51,593 489,267 555,862 489.267 10.000 326,883 287.620 J81.088 614,503 381.088 20,000 10,000 20.000 514.269 540,86Q 1,055,129 346.883 668.708 1.015.591 Grants rectiwable Land Aid John Laing Charitable Tru51 The Albert Hunt Trusi The Morrision5 Foundation Insurance Indu5tsy Charitable Foundatio Fidelity UK Foundation B&Q Foundation Comi¢ R¢lief Charity Proj¢cts Paul Hamlyn Foundation The His¢ox Foundation Hurst Lea Fourtdation S¢hroder Charity Ttw¢ Clifford Chance Global Foundation 96,088 96.088 150,OIK> 25.000 150,000 25,000 150,000 25,000 150.0 25,000 ioo,ooo loo.000 10,000 20.000 Loo,00 10.000 20,(11>O 100.000 10.000 10.000 iio,000 50,000 10.000 6,OIK) 5.000 iio.000 50.000 10.000 6,000 5.000 3,267 3.267 489267 489.267 381.088 381,088 In¢orn¢ frnm investments Unrestricted Unrestrleted fund$ funds 2024 2023 Interest receivable 15,034 21
EVERYYOUTH NOTES TO THE Fif4AP4CIAL STATEMENTS (CONTINUED) FOR THE YEAR Ef4DED 31 DECEMBER 2024 Ineomt from ch*rit4ble Aetivitlej Unrertri¢ted UDrtJtriettd fndS 2023 2024 Other income 3.321 2,821 EXpendire on rBi8iDx fnnth Unrestrleted Unre5trieted fuDdx fvDd$ 2024 21)23 Fndra]ng #Ad publlelty Advertising Staff costs 1.531 154,086 8,582 149.205 155,617 157.787 -22-
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EVERY YOUTH NOTES TO THE FINANCIAL STATEMEwfs (CONTINUED) FOR THE YEAR EIYDED 3] DECEMBLR 2024 Description of chAritsble 4Ctlvldts Th¢s¢ in¢lt eosts incuTred in the 8enerai running ofthe organis*ion. This nd aim5 to remove financial baniets to securing education or employment. Addiiional inforni1On on this fund is d¢tsiled in the Trustees, report. abili Fund This fund aims to help young people make a MsUrable and meaningfvl step towards employment. Additional Infoml10n on this nd is d¢tail¢d in th¢ Trustees, report. Housin Fund Thi5 fund Provid pr8Ctical support and rtmovc5 financial barriers to help young people to move-on from supported accommodation into independent living. Additioha] information on this fund is detled ill the Trustees, Su rBoost This fund is a colloboration with Hays PLC which removed financial barriers that can prevent young people from seGuring sustsinable employmeDt. Additional information tsn this fund is deiail¢d in thc Tn]5tecs' retK>rt. Health Fund This fimd enables youn8 people to access menlal 1th support qiiiekly. Additional inforniaiion on this fund is detaila in the Tstee5, repoTL Future Builders This fund is to make affordable a¢¢omodation available to young pP]e participating in ¢du¢ation, ¢mploym¢nt and trainin8 OPPOrtunLtj¢5. Additional infomiation on this fund 15 dctailed in the Trustees, reporL 27.
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EVERY YOUTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Net rnovemelbt in fund5 2024 2023 The net movement in fid$ is ststed after chargi(credItingj'. Fees payable for the audit of ihe charity's flljthciai 5tatemcnts Dep18t10n of owned tangibl¢ fix¢d ass¢ts Amortisation of intangible &ssets 8,400 1311 2,538 8,400 1,733 2,030 11 Trn5tee5 None of the trusttes (or atty penons tonn¢¢t¢d with them) r¢c¢iv¢d any r¢muTJerntion or benefits from the charity during the year. 12 Employees Th¢ av¢rng¢ monthty numb¢r of employees during the y¢arwas: 2024 Nutllber 2023 Number Employment costs 2024 2023 Wages and sal•xies Social 5xurity costs Other pen$ion costs 371,602 34,516 18.347 294,460 25,337 14,512 424,465 334,309 The nurnber of employees whose annua] Temunerdtion more than £60,000 is 8$ follows.. 2024 ]YuMb¢r 21123 Number £60,001 lo £70,000 £70.001 to £80,000 £80,001 to £,000 £90,001 to £lOO.00 Remuneratlon of key man•gement personnel The reJllunernlioD ofkcy management personnel was a5 follow5." Aggregate wmpensation. 169,801 112,529 13 T*x#tioii The charity is exempt from tsxation on its activities because all its income is appli¢d for charKtabl¢ puryoses.
EVERYYOUTH NOTESTO THE FINANCIAL STAI'EMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Tngible fixed assets At l January 2024 9245 At 31 Dmb¢r 2024 9245 DepretlAtlon aDd impairnient At l January 2024 D¢pr¢¢iation ehargtd its the year 1.733 2,311 At 31 De¢ember 2024 4,044 Carrylng Amount Ai 31 December 2024 5.201 At 31 December 2023 7.512 15 Jlltsngible fixed ss¢ts S•ftvM Cwt Ai l Jatluary 2024 and 31 D¢¢¢mber 2024 12,180 Amortislion nd impglrm¢nt At l January 2024 Amorti5ation ¢harged for the year 2,030 2.538 At 31 DeCeMr 2024 4,568 CArrylng A¢ 31 D¢¢¢mb¢r2024 7,612 At 31 Decemb¢r 2023 10,150 16 Debtors 2024 2023 Arnots falling due within ilDe year: Trade debtors Oth¢r d¢btQTS Pr¢paymcnts and a¢¢ru¢d it)com¢ 35,000 183,565 11.555 3,096 1,904 36904 198316 31
EVERY YOUTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Croditon: #monts falling due v4Rthin one ye4r 2024 2023 Notss Other taxation and 50ciai Security Grants Trdde creditors Other Creditors A¢cwals and deferred income 10,241 17,736 20,000 62.927 4J72 10,800 18 16.982 3,153 5.387 35,763 115.835 18 Grts D¢f¢rr¢d inwme 15 in¢luded An the fllydneial staiements follows.. 2024 21123 D2frff incoJDe is included within.. Current liAbilities 20,OIX> Movements in the year.. Defrtt¢d in¢om¢ a¢ l January 2024 Re50ufcES deferred in the ycar 20,000 {20,000) 20,0 Deferred income at 31 December 2024 20.000 -32-
EVERYYOUTH NOTES TO THE FINANCIAL STATEMFNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Restrlcted tunds Th¢ r¢stricted fund5 of the charity comprise the un¢xp¢nd¢d balan¢¢5 of donations and grants held on ttust subject to $Irl¢ ¢onditiQDS by donors as to how th¢y MAY be Ud. At I JxDuary 2024 Incoming resoureeg RuourteB expended At31 Deeembtr 2024 Health fund Employability futld Bursary fund Housing fund Restricted gra]Jt5 Contingen¢y fund Future Builder5 fund Super Boost Central 37,731 32.152 22,503 262.959 28,942 24.136 185,146) (197,575) (31,009) {261,082) {28.9421 47,415 22,830 239 142,593 8.267 1.877 {24.1361 39,006 250,000 (289.006) 12,852) 1111,255) 51.748 28.745 140.000 463,023 $40,860 11,006,867) 85.354 82,370 Previous period: At l Janllary 2023 Resources txpended TrasTerS At31 December 2023 resources Health fund Employability fund Burs fimd Housing futld Rc5triGted grants Conting¢ncy fund Futu Buildcr5 tiind Sup¢r Boost Central 1.161 112,439 39.273 302,113 28.942 24,136 100,000 142,413 25,000 185,140 (63,430) {222.700) (41,770) (224.294) 37,731 32.152 22,503 262.959 28,942 24.136 150.000 60,000 6.155 {173,750) (5,400) (6589) 23,750 54.600 434 508,064 668,708 (737.933) 24,184 463,023 A tronsf¢r of £24.136 has been made fiK)m the ¢OtingenCY fimd (held with restricted fvnds) to uiirestri¢ted. This omount was part of the original transf¢r of fvnds from Centr¢ Point, it W&8 not identified a5 part of restricted cash by C¢ntrepoint and Iw)ce should be rea¢lassified io unre$tri¢t¢d h]nds. 20 Retiremtnt bentflt sthem 2024 2023 Def¢d colltsibution sebemes Charge to profit or1055 in rc5pe¢t tsf defined ¢ontribution s¢hernes 18,347 14.512 33-
EVERYYOUTH NOTES TO THE FENANCIAL STATKMENrs (coKriNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Retirement benefrt sebemes (ContiDued) The followin8 payments were made to the company pension scheme in the year. 21 Unrestrieted fvnds The urtr¢stricd fvftds of th¢ ¢harity ¢ompri$¢ the wKxpended balan¢es of donations and graftts which are no¢ subject io specAfi¢ Conditions by donors and grantors as to how ih¢y may be used. These include designated funds which hav¢ been set aside wt of unr¢stri¢t¢d fuhds by the truste¢s for spe¢ifi¢ pwposes. At l J•nuAry 2024 Resoure¢s txpÈnded Tr•n8fers At31 December 21124 rejourcts General 449,852 532,624 (390,138) (85 J54) 506,984 Previow period: At l JaDU#ry 2023 IneomiDg resources Resources txpended Transl¢r At3l Dtttmber 2023 General funds 471.842 349,704 {347.510) {24,184) 449,852 22 AlYsiS of net gssets between hmd$ Uttrertricted Restriet fund5 2024 2024 1024 At 31 Dtcember 21124: Intangible fixed assets Tan8ible assets Cvnrn¢ a$$d(liabIlltse$) 7.612 5,201 494.171 7.612 5,201 576.541 81370 506.984 82J70 589.354 Unrestricted fuThd¥ 2023 Restricted Totsl 20 2023 At 31 Decembtr 2023: Inlan8iblc fixd assets Tangible assets CuTfEnt aSs(liabilitIes) 10.150 7,512 432,190 10,150 7,512 895.213 463.023 449.852 463,023 912,875 Relted party tr4Js*rtions 34-
EVERY YOUTH NOTES TO THE FINANCIAL STATEMEKtS {COIYTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Rei¢ed pgrty trow4¢tioJhs {Continued) Trn5artion$ with related parties During the y¢ar the ¢harity ¢nt¢r¢d into th¢ following tr8J)sactions with rel81&4 parties.. Ltd F Bttcher is a trustee of Every YOU and is the CEO of Llatyjau Ltd. a r¢gist¢ffd charity. Every Youth paid £61.829 in grants to the charity in the period. (2023 £55.157). 1625 Independent People D Wo¢)d is a tNSte¢ ofEvery YOU and CEO of 1625 Independent Peopl4 8 registered society. Every Youth paid £178,173 ID grants to the charity in the T>eJiod. (2023 £141,929). The Rock Trust K Polson is a trllsl¢¢ of Every Youth, and CEO of The Rock Trust, a rIstered charity in Scotland. Every Youth paid £140,982 in grants to the tharity in the period.12023 £68,080). Includ within trade creditors at the year er 1$ £2,131 payable to The Rock Thjst. The Benjami Found•th) M Garrod is 8 tn1¢¢ of Every Youth, and a tntst¢¢ of Th¢ Benjamin Foundation, a r¢gisl¢r¢d ¢harity in England and Walr5. Eycry Youth paid £116,995 ITL gtants to th¢ ¢harily in the p¢riod. (2023 £102,003). 24 C•sh (*byOr1d byygenerated from opergtions 2024 2023 D¢fi¢it for the year (323.52l) (67,0311 AdjuJtmeDts for. Invesknent in¢ome r¢¢ognised in stst¢ment of financial a¢tivitit$ Deprl¥tion and impairnient of tsngible fixed &55et5 (15,034) 4.849 3.763 MovemeDts in wor]LIDg tapitil.. Decrease in debtors (D¢¢r¢aseyinerease in creditors {Decrea5eyinGrease in deferrcd income 161,312 (60.072) (20,000) 765,252 73,133 20.000 C4sh (•bJorb¢d byVgener#ted fn>m operations {252,466) 795,117 25 An•ty&i$ of thange# in Th¢ ¢haTity had no materi¥l debt duritig the year. 35-