Compony registrotion number 14101070 (England and Wales) Charity registration number 1201811 (England and Wales) EVERYYOUTH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
EVERY YOUTH LEGALAND ADMINISTRATIVE INFORMATION Tru5tee5 A Ramos S Edwards K Polson AKay D Pugh M J G[r] DPWood CEO N Connolly Chairperson A Ramo Charity number 1201811 Company number 14101070 Registered oifice 23-27 St Andrcws Strcct NotWiLh NR2 4TP Auditor Simpson Wr¢ford LLP Wellesley House Dukc of Wcllington Avcnuc Royal Atsenal London SE18 6SS
EVERY YOUTH CONTENTS Page CEO'S statement TrustCCs' rcport Stateiknent of trustees, reswnsibilities Chairper8on'8 Statement 14 Independent auditols report 10- 13 Ststcmcnt of financial activitics 15 Balance sheet 16 Statement of cash flows 17 Notes to the financial statements
EVERY YOUTH CEO'S SIATLMLNT FOR THE YEAR ENDED 31 DECEMBER 202S Thank you for tsking thc timc to rcad Evcryyouth's third auditcd Annual Rcport and Financial Statcmcnt. If 2024 Ivas 'exciting but challenging" 2025 was just plain challenging. The econoiny continues to stall, youtli iu)employment is incTea5ing, there are fewer properties to rent, Local Housing Allowance remain5 frozen, and Social housing Temains unobtainable for Tll05t which all combines to mean our least fortunate youn¥ people are under eveii gTeater pres5UTe. All ot which Coincided with a reduction in philai)thropy, which the Charities Aid Foundation rewjrted disproportionately atTected hornelessness charities. Everyyouth certainly experienced ihis squee7e with parinerships, events, and appeals raising less across the board. The obvious consequence being that fewer young people have and will receive the support they need to move-on from homelessness. Consequently, young people are staying longer in youth homeles£SS services across the UK. Not only doe thi mean those young people's lives are on hold for longer- it also means young people wlio need supported accominodation cannot biet it. It l5 no surprise that inany drop-in centres and shelter5 report seeingF inore youn¥ people sleepin¥F rough. Sadly, the Govemment's new National Plan to End Homelessness continues to sideline youih homelessness. There are estimated to be fewer than 5.000 rough sleepers in the UK, but the sirategy mentions rough sleeping 185 times. There are al least 60,000 young people in homelessness services acroqs the UK let alone hidden young people and those in hom¢lcss familics and th¢y gct 29 m¢ntions, many of which arc lists of vulncrabl¢ groups, alongsid¢ wom¢n, who strugglc to accc%% %upport. This is a ¥ros5 mischaracterisation of the situation. Young people don't stru¥gle to access the support they need; it siinply does not exist in most parts of the UK. Youn¥ people require tatted support that Ib different froTn the support entrenched rough sleepers require. But don't take our wold lor it. Recent research by UCL - led by young people einphasised young people s resilience and desire to be self-SU1¢]ent. The mebsage wasii't about social housing., it was about suptt and optK)minities. Which i% why Everyyouth continues to forge a positive and hopefvl path. We know c.90Q/o of young people in homelessness Services have experienced cliildliood trauma but ive also know young people can opercome trauma ajid its consequences if they receive the right support at the right time. These Stories of young people tTiuinphing over adversity inspire us ¢try day and we hope they inspiTe you too. If you support Eweryyouth already, thank you. If you are conbidering it; please do. Nicholas Connolly CEO Date.. 18 March 2026
EVERY YOUTH I"RUS'I"LLS' RLPORT {If4cLUDING DIRLC"foRS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 202S The tnjstees piesent their annual report Lind financial btatements for the year ended 31 December 2025 which ale also prepared to meet the requirements for a directors. rewjrt and accounts for Conipanies Act purposes. The findncial btstements Iidve been prepaied in dccord1ce with the dCCOUntins policies set out in note I to the financial statements ai)d comply with the chaiity's Inemorandum and articles ol. asbociation. the Coinpanies Act 2006 and 'Accounting and Reporting by Charitieb.. Statement of Recoinmended Practice appliLable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective l January 2019). Objectives #nd aetivities Society's aspiTation for it5 most disadvantaged young people is depressingly low. Too often, 'the system, warehouses youn¥ people it categorises as 'homeles5' until they become yet another negative adult statistic. Everyyouth and Everyyouth's Netwoik ol. Delivery Partners, think this is unacceptable. We work collaboratively,. in pannership wilh donors, funders, business, other organisations. and young people tlieniselves to achieve our shared vision. a socieiy ivhere every youth is empowered tl) thrive. Our Jnission is to creat¢ space and ¢quitsble opportunities for ¢v¢ry youth to thriv¢. W¢ achi¢v¢ this by.. funding iiiterventions that deliYeT haid rneasutable outcomes, creating opportunities which remove the barriers that prevent young people aehieving their personal objeciives. trcngthcning thc %cctor by rcdllcing costs and improving cfficaey. Public benefit The tru5tee5 have paid due re¥ard to ¥uidance issued by the Charity Comrnis5ion in deciding what activities the charity should undertake. Achievements And performance Sigiiificonl uolivilies and uohievemertis agdinsi ohjec'lives In 2025 Everyyouth continiied lo expand it.% Network and position Everyyouth as the national gateway for people and organisations w'ho M'ant to support homele55 young people. Within this work, Project FIouTish, our job5 creation probTrainme delivered in partnership witli Hays PLC, went from strength to stren¥th 5llPPOrtin¥ 36 youllb people to secure work thali 70°/o of whom retained theii jub for more 6 inoiiths. And we started wvrkiii¥ directly ivith Local Authorities, foi the tiist tiine, in Boumeniouth, Christcliurch and Poole, in collaboration with The Royal Foundatioi)'s Honiewards campaign. This latier work - helping to esiablish and lead a regional youth homelessness board - is very imponant because it helps Everyyouth understand how to implement its model of holistic support when there isn't a significant local third sector organisation to collaborate with. In 2025 Evcryyouth disbur%cd £717,644 hclping 2,017 young pcoplc achicvc 1,259 hard mcafllrablc outcomcs. This eans for every £356 spent on from line services one young peTson inade a tangible step towaTds building a better life for themselves. We are proud of these young people and what they've achieved but we can do so much rnore.
EVERY YOUTH I"RUS'I"LLS' RLPORT {If4cLUDING DIRLC"foRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 202S Health Fund Many young people arrive al our Delii'ery Partners, services having experienced prolonged instability, trauma and delayed a¢cess to mental health support. These individual challenges sit within a wider national context in which rnore than half a million y(Fung people are ciirrently ivaiting for mental health assistance, with long delays worsening wellbeing and making it hardcr to prcparc for or su%tain employmcnt (Mind, 2025)- Young pcoplc with mcntal hcalth difficultics arc also nearly five times more likely to be economically inactive than their peers (Fllture Minds, 20251. For young people who have experienced homelessnes5, the£ challenges are often even more pronounced. Mdlly have faLed miiltiple adverse childhood experiences, increasing both the urg¥ency and toniplexity of tl)eir support needs. Despite these Lhallenges. young people consistently demonstiate iemarkable iesilienLe and a willingness to engage iiith support. To meet this need, Ihe Health Fund provided dedi¢ated mental health provision for nine months of 2025. Everyyouth awardcd £51,131 to four D¢livcry Partn¢r5, ¢nabling th¢m to ach 234 young pci)plc and providc coun%clling to 191 young people. 86/0 reported improved self-e%teein and a more positive outlook for their ture. Young people shared that counselliiig helped them inoi'e from feeling stuck or isolated to feeling confident enough to apply foT college. pursue einployment, or re-ensTabFe Wlth tlieir cominunitie5. By prioritisii)g young people's mental health, we are helping to remove one of the most significant barriers to education. employment, and support young people 10 prOeSS towards independent. secure futures Employability a. The Fund Research in 2025 shows that young people face multiple bale[s to entering eduLation, employment or training. iiicluding legal staius, homelessness, mental health challenges, disrupted education and limited social capital (Rea, 2025}. Low qualifications remain ihe strongest predictor of becoming NEET (ImtuS, 2025), a pattern particularly releillant for young people ivho have experienced homelessness and often face disrupted education due to unstable living c]uMsn¢¢s IShclt¢r, 2020). Despite these batTiers, the young people supported through Everyyouth's programmes show significant poteiitial. Yet this is not always recobT1115ed within wider systems, where low expectations and IiTlliting assumptions can restrict probFress. Everyyouth ib Lommitted to Ch1]en]n these ssUmptIOns. dnd thiou our Delivery prtnerS .¢ support young people to build the confidence, skills and opportunities i)eeded to achieve their full potential. The Employability Fund helps young people overcome these barriers by providing tailored one to one coaching and practieal guidancc. Dclivcry Partncr% wnrk dircctly with ynung pci)ple ta build work rcadincs% skill%, sct achicvablc gnals and create more inclusive opportunities with employers and edii¢alion providers. In 2025, Everyyoutl) Employed di5tTibuted £270.963 to nine Delivery Partners, who sllpported 981 young people. DuTing th15 period, 441 yuun¥ people inoved into education, employment ur traiiiing. Delivery Patther5 £ilsu observed a shifi tom'aids further educatioii and part tinie work. as inaiiy young petsple focused on stien¥thening qUGilifications or rebuilding ¢onlidence before entering a compeiiiive labour market. Full time roles and appreniiceships remained harder to access due to entry requirements and recruitment processes thai can disadvantage those with limited fornial experience. Thcsc trcnd% undcrlinc thc ongoing nccd for tailorcd coaching, sllstaincd practical %upport and strong partncrships with employers and providers. By helping young people navigate the labour Inarket aiid advocating for more inclusive pathways, the Employability Fund supports sustained progress into education, employment and long tenn independeiice. b. The BoLlSt Thc Employability B008t 1% a vital part of Evcryyouth Employcd, hclping young pcoplc ovcrcomc thc practical co8t% that stand between them and opportuiiities in WOTk or edllcation. In 2025, tTansPOrt reinained one of the Inost significant barTiers for young people. Research shows that limited tran5POrt options and affordability have been impacting young people's ability to pursue opportunities such as work experience 01 bettei jobs. In addition, 50nie discount scheines weie inaceessible, often unavailable during peak travel times tsr restricted to certain proN'iders, leaving young people unable to benefit from reduced fares IUWE. 2023)
EVERY YOUTH I"RUS'I"LLS' RLPORT {If4cLUDING DIRLC"foRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 202S This yeai, Everyyouth distributed £58,759 to Delivery Partners, to contiiiue to help remove these obstrdcles. A total of 620 Boosts were awarded to 447 young people. with an average award of £109 elb]illg acLess to education. employment or training. Since 2022, the nuinber of Boosts anted annually has inLreased by 16%. with travel related Boosts more than doubling. This reflects the growing importance of afTordable, reliable iranspoff in helping young people progress towards long term education and emplovment goals. Housing In 2025, acce55ing stdble und affordable housing iemained u significant challenge foi rnany young people. Delivery Partners reported limited hoiising aiiailability. high upfront costs, and diificulties accessing the private rented sector. Alongside this, ei'idence gathered by Everyyouth in 2026 highlighted that young people regularly tace discrimination from landlords. most commonly linked to guarantor requiremenis {90°/.l and income thresholds (70U/ol with these practices frequently delaying move-on and increasing the risk of homelessness. Ev¢ryYouth Homcd provid¢ targctcd, practical support to h¢lp yi)ung p¢oplc ovcrci)m¢ t]ic¢ barricrs. D¢liv¢ry Partn¢rs WOTk directly with young people to identify siiitable accommodation, understand tenancy proce8%es and expectation%, and develop the skills required to Sustain a tenancy. Financial 5UPPOrt 15 also available to reduce the burden of llpfront Costs associated with 5eLurin¥s a Iionie. In 2025, Everyyouth disiribuied £146,535 to ten Delivery Partners.149 young people inoved iiito independent living through Everyyouth Homed. During the same period, 154 instances of financial support were provided, including depogits. rent in advance and move-in grants, helping young people enter safe and secure a¢commodation. Everyyouth fundcd six months of dclivcry. These activities foTm a central part of Everyyouth's COTnmitment to ensuring that young people can access stable housing and probire5S toward5 lon¥-terni independence, even within a rental market where access reinains unequal. Future Bullders Future Builders was established to address ihe gap in affordable, appropriate housing for young people who are ready to progrcss into ¢ducation, cmploymcnt or training but cannot s¢cur¢ suitablc accommodation in tlic privat¢ or social rcntcd sectors. For many, supported housing becojnes unsuitable or unaffordable once they begin earning, while private rents and guaTantor requireincnts make moving on challenging. FutUTe Builders provides an altemative.. high quality, affordable hoines that offer stability at a critical transition point. Everyyouth distributed £189.836 to four Delivery Partneis in 2025. During the six-month lundillg period. 23 young people moved into Fulure Builders properiies, and 31 were newly engaged in the prograinnie. The majoriiy ofinove-on's were positie, with 85 /v transitioning into safe, sustainable accommodation suited io their needs. Since formal iracking began in July, 80Q/4) of young people moving on have progressed into a private OT social tenancy. Engagernent with employinent following the programme remained 8trong.' at the six-month check-in. 670/0 were in work. Through secllre, affordable housing and stCtUred sllPPOrt, Futhre Builders enables young people to nltaIn momentwn in work, training and education, laying strong foundations for long-term independence. Crant maktng pollcy Everyyouth makes grants to charities that support homeles8 young people and those at risk of experiencing youth homelessness. These grants either support young people directly through bur8aries or fund Charities to delivery Evcryyoiith's programmc% of work {including Evcryyouth Hcalthy, Evcryyouth Employcd, and ECryy0llth Homcd) which are aligned with Everyyouth charitable aims and objectives. Everyyouth'b piioiities and piogiammes of work are approved by Its tTUStees during the annual business planning process and the distribution process is delegated to tl)e executive. Other tl)an bursaries for individual young people. Everyyouth only funds charitieb that are pre-approved and have signed Preferred DeliN'ery Partner Framework Agreements or Delivery Panner Agreements. Whcn Evcryyouth ha% ndS to disburqe, it approachcs it8 Prcfcrrcd Dclivcry Partncr% and rcquc%ts that thcy submit proposals foT fiinding Ineeting criteria rcgarding what oiitcomes will be achieved, the number of outcomes we expect to be achieved and the total available funding per chaTity. If proposals meet the set criteria, funding is agreed via Statement of Work a¥Fieeinents aiid disbursed. Disbursals occur on a quarterly basis and can be delayed 01 caiicelled if reporting is incomplete or late.
EVERY YOUTH I"RUS'I"LLS' RLPORT {If4cLUDING DIRLC"foRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 202S Youn¥ people participating iii soine of Everyyouth progrdmTnes {e.g. Project Floutishl qualify foi buibaries. These bursaries fund products or serTrices only. Everyyouth agrees in writing before any purchase ocLurs wl)etlier it considers the item to be within the rules of the bursary sLheme. TypiLally. Everyyouih will reimburse a Partner Lharity foi the items on sight of a receipt. Occasionally Everyyouth grants bursaries io young people who are not supported by an Everyyouth Partner. In these cases, Everyyouth buys the product or service directly. Organisational development Although EveryYouth'5 incorne reduced in 2025, the organisution has developed considerably. We have.. l. Expandcd thc Evcryyouth N¢twork from 13 to 21 charit1¢5 Thi5 expaiision means Everyyouth ha5 a combined reach of more than 40,000 homeless yollng people across the UK. 2. Progressed our Platfomi Projects by.. Formally piloting Project Flourish across the UK including with young peliple who are not supported by the Everyyouth Network. Exploring the role of Al in research surveys with young people MO Cost cffectiv¢- which wc plan to put into action in 2026. Working with our DeliN'ery Partner8- in particular the Amber Foundation- to explore how Adverse Childhood Experience (ACE) surveys can be inco]porated in young person as5essTnents. because they prefer It and its substantially 3. Developed EvervYuuth'5 new 5-year btrate¥y thilt expliLitly trdr¥et5 LTedtin¥ a universal and Lobted blueprint fur transfomiing youth hoinelessness services in the UK Everyyouth only works collaboratively. Nothing we have achieved or will achieve is possible withoui the support and coopcration of our D¢livcry Partncrs and Back¢rs. Thanks goes to our long-standing Backers.. Taylor Wimpey Eiiersheds Sutherland LLP Neverland Urban Outtitters Havas Lynx Albert Hunt Charitable Trust Bar12tt Rcdrow Foundation Insurance Industry Charitable Foundation And we welconie neH, BackeTS iiicluding.. Forvis Mazars LLP Wonderkid Ikea Specsavers The Royal Foundation
EVERY YOUTH I"RUS'I"LLS' RLPORT {If4cLUDING DIRLC"foRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 202S Finaneial reeW Evcryyouth distributed £717,644 {£864.611 in 20241 and a¢hieved 1,259 11,629 in 2024} positive ouicomes giving an avcragc outcomc ROJ of £5701£531 in 2024). All di%tributii)n8 wcrc madc to charitablc in%titutions. Everyyouth spent £181,623 raising £1,044,616 of voluntary income in 2025 giving an aveiage fundTaising ROI of £5.76 (£6.78 in 20241. Incoming resources for the year totalled £1,05.5.606 (£1,073,484 in 20241 of which £826.330 (£540.860 in 20241 were for restricted purposes and £229,276 (£532,624 in 20241 were for unrestricted purposes. Outgoing rcsnurccs for thc ycar totallcd £1,330,813 (£1,397,005 in 202411)f ivhich £910,102 {£1,(K)6,867 in 20241 wcre attributable to restricted funds aiid £420,7111£390,138 in 2024) were attributable to unrestricted fiinds. Overall the acLOUlIt5 Show a deficit for tlie year of £275,207 made up of an unrestricted deficit of £439,348 (£57,132 sutplus in 20241 and a butplus on restticted funds vf £164,141 (£380,653 delicit in 20241. Unrestricted funds {fiee reseres) at the year-end totalled £67.6361£506,984 in 2024) and restricted funds totalled £246.5111£82,370 in 20241. Re.férve.¥ Jx)IiL W, It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintaincd at a Icvcl cquivalcnt to bctwccn thTCC and six month's cxpcndire, bascd on thc 2026 budget thi% amount8 to approximately £104,262 £208,i24. The tS[ce5 consider that reSe£S at this level will ensure tliat, in the event of a significant drop in funding, they will be able to continue the charity's CUlTent activities while consideration 15 given to ways in 'hICh additlolldl funds inay bt raised. Due to fuiidraisiii¥ undeTperfoi"mdiice in 2025. the charity had insufficient funds to meet reserl'es policy at year end. The charity have iinplemented a plan to increase Everyyouth's reserves during tlie first six months of 2026 to the mid-point ot the reserve range, this includes reducing it's operational costs. Plans for future periods 2026 is thc first ycar of Ev¢ryYouth's n¢w strat¢gy. In ordcr to transfom) thc lifc ¢hanc¢ of homclcss young 0p[C and those at risk of hoinelessness Everyyouth will. InfoTni Stakeliolder5 and the public about the DRIVERS of youth hoinelessness Enburt the Ei'eryyuuth Netsl'oik is REPRESENTATIVE Help coordinate and support the testing and scaling ol'PREVENTION projects Make E*eryYouth's Plaiforni Projects accessible lo ALL homeless young people. Increase and diversify Everyyouth's INCOME to make the organisation more irnpactful and sustainable. Strutturey governaNee and management Everyyouth is a private company limited by guarantee, registered in England and Wale5 (numbeT 1410170) and is a charity iebFlStered with the Chrity ComTlli55ion for Englaiid Wales (number 1201911). The Chatity's ¥ovetnit]¥ docuineni is the Articles of ASSOLiation adopted on I I, ol'may 2022. The trustees, 'hO ale also the diiectOTS foi" the puwse of company law, and who served duting the year and up to the date of siginature ol. the financial stateihents weie.. A Ramos S Edwards K Polson AKay D Pugh M J Garrod DPWood F Beecher {Resigned 14 May 2025)
EVERY YOUTH I"RUS'I"LLS' RLPORT {If4cLUDING DIRLC"foRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 202S The c.onstitution requires at least three truqtees but there is no maximum number. The trustees may be benefjciaries of thc charity Trr cntircly indcpcndcnt of the charity but thc numbcr of indcpcndcnt trustccs.%hall bc ni) Ic%8 than thc numbcr which is equal to 500/0 (rounded down to the nearest whole number) of the total number of tTUStees. New trustees are recominended by existing tru5tee5 and appointed by an ordinary resolution of Members of the c.harity. Trusteeb retire frtsrn otyice at every nUal general meeting but may offer themselves foi reappointment by the Mernbers. No trustee should serve for more than nine consecutive years. unless the trustees consider it would be in the best interesi ofihe Charily and ihat trustee is then reappointed by the Members of the Charity. Four indcpcndcnt trustccs wcrc co-optcd nntn thc Board in 2024. Thc%c ncw tnLStcc.% rcsigncd and wcrc rcappointcd as per the Articles of Association at the Annual General Meeting in 2025. Board appointment5 are based on merit and whether a candidate ha5 the skills and knowledge to be an effective trustee nd has the ability to 5UPPOrt Everyyouth's ambitions. All trustees are inteTriewed by a trustee5 repTesentstive aiid the Chief ExecutiN'e Ofticer. Prioi to appoii)tment. tiustees receive a coinpiehei)sive ii)duction ii)to Everyyoutl) aiid are provided with Everyyouth's Code of C.onducl, C.onflicl of inleresl Policy and infomalion about their role and responsibilities. All triistees meet regularly with the Chief Executive, the Senior management team and other members of staff, and when rcqllircd furthcr trdining is aall8ed for a trustcc as an indiNidual or for thc Board as a wholc. Everyyouth is a Memberqhip organisation whose Members are some of the charities and other non-profit organis¢?tions that bcncfit from thc work of Evcryyouth. Evcryyouth %hall admit ncw Mcinbcr8 that arc approvcd by ordinary resolution of the existing Meinbers of tlie Charity. Tile Charity is ie¥i5tered ivith the Fundraisin¥ Regulator and has committed to follow the Code of Fundiaisin¥ Practice and the Fundrdisin¥ Prumise. In 2025 we received a tutal of O Loiknplaintb. The Tru8tee8, who are colle¢tively resrK)nsible for our governance, for ensuring delivery of our eharitable objectives and for s¢tting our stratcgic dirc¢tion, m¢t four tiincs during thc y¢ar. At ca¢li m¢¢ting th¢ Trustccs rcc¢iv¢d a gov¢rnanc¢ update and debated the implication% for the Charity. Matter.% which are re8eTh'ed to the Board include appointing the CEO, agreeiiig our strategy, plans aiid budget, appointing external auditors and approving key policies such as the risk nabTenient and inveslinent policie5. Management and staly Responsibility for the day-t(>day management of Everyyouth is delegated to the CEO, Nicholas Connolly, within ihe stralegic and accouniability frameworks establibhed by Ihe Trustees. Nicholab ib SUPPOrted by a small team which includes volunreers. Everyyouth 8upport% the principles of equality, diver.sity and inclu%ion in the Charity Governance Code and take the%e into account NTrhen recruiting Tnjstees. management and staff, balanced with our specific needs as a growiiig and changing charity. We are actively looking for diversity of input to better inform the decisions of the board. In ternis of gender diversity. 3 of our Trustees are womei)137.5 /). 2 of our 9 employed staff , including the CEO. are male. All Trust¢cs arc whitc d¢spit¢ a Conscious cffort to rccwit non-whit¢ twstc¢s, this is a work in progrcss. OUT Staff t¢am in broELdly reflective of the UK'8 )pUlatIOn (i.e. 16Q/o are 'llon-white' verses 180/0 at the 2021 UK census) but we would prcfcr it to bc morc rcpresentativc of the young pcoplc Everyyouth .%upport, which arc morc divcrsc, albcit with considerable variation across the UK. AII Ttubtees give theii tinie freely and no Trustee received reinuneration in the year. Seiiioi staff pay is ieviewed annually. WheteNer Posbible, we benLhinark Salaiies paid for Loniparable roles in the charitable Secttsr adjusting foi any additional responsibilities
EVERY YOUTH I"RUS'I"LLS' RLPORT {If4cLUDING DIRLC"foRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 202S Oihei. tttaltei.. Pensions And other b¢nefitS Everyyouth offers a salary sacrifice workplace pension schetne and tnakes a 5 /0 contribution for all enrolled einployees. There were no additioiial benefits provided to taff in the year. Fundraislng Fundraising is carried out by siaff employed by the charity, no Commercial fundraisers were used. Staff are monitored by the CEO and Trustees. No complainis were re¢eived relating to the ¢hariiies fundraising activities. Auditor In accoi"dance with the COTnpany'5 articles, a i"esolution proposinbF that Sinipsoii Wreford LLP be Teappointed as auditor of the ComPY WdS proposed passed ut the Annudl General Meetinb12025). Discl(bsure of infnrmfitinn to auditor Each of the trustees has ¢onfimied that there is no information of which they are aware which is relevant to the audit, but of which thc auditor is unawarc. Thcy hav¢ furthcr confinncd that th¢y hav¢ takcn appmpriatc stcps to idcntify such relevant information and to establi%h that the auditor is aware of 8uch information. Thc tru%tccs' rcport approvcd by the Bnard nf Trustccs. A Ramos Trustee 18 March 2026
EVERY YOUTH STA-I-LIqENT Ob TRUSTLES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 202S The trustees, who ale also the diiectorb of Ei'ery Youth for the putpose of company law, ale iesponsible foi pieparin¥ the Trustees. Report kmd the financial stateinents in accordance with applicable law and United Kingdoni ALcounting Standards (United Kingdom Generally ALcepted Accounting Practice). Cojnpany law requires the trnstees to prepare fjnancial statements for each fillancial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resource5, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the tru&tees are required to.. select suitable accountiiig policie5 and tlien apply theni consistently; obseive the methudb and prinLipleb in the Chdrilies SORP", niake judgemenis and estimates ihai are reasonable and prudent: srate whether applicable UK Accounting Standards have been followed. subject lo any material departures disclosed and explained in the financial stsiements,. and prcparc thc financial statcmcnt% on thc going conccrn basi% unless jt 18 inappropriatc to prc%llmc that thc charity will continu¢ in op¢ration. Thc trUtce. arc rcsponsiblc for kccping adcqllatc accounting rccard% that d1ClosC witli rcasonablc accuraey at any timc the financial position of tlie charity and enable them to ensure that the financial statements comply 'ith tlie Coinpanies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable step5 for the prevention and detection of fiaud and otlier itte¥ularitie5. The trustees are responsible for the maintenai)ce and integrity of the ctsrpoiate and financial infonnation included on the charitable company's l'ebSIte. Legislaiion in the United Kingdom goveming ihe preparation and disseminaiion of financial statements May differ from legislation in oiher jurisdictions.
EVERY YOUTH INDEPENDENT AUDI'I'OR'S RLPORT TO THE MEMBERS OF EVERYYOUTH Opinion We have audited the linancial statements ol. Every Youth (the 'charity'l for the year ended 31 December 2025 which comprise the s(atemenl of financial activities. Ihe balance sheet, the siatement of casl) flows and notes to the financial staiements, including significant accounting policies. The financial reporiing framework ihai has been applied in iheir preparation is applicable law and United Kingdom Accounting Standards, incliiding Financial Reporting Standard 102 The Financial Repoi'llrtg Siartdortl (tpplicable irt the UK and Repttblic of Irelaiid (Unitcd Kingdom Gcncrally Acccptcd Accounting Practice In our opinion, the financial statements.. give a true and fair vie1. of the state of the charitable company's affairs as at 31 December 2025 and of its incoming resources and application oEresources, including its inLome and expenditure, for the year then ended; liave been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of ihe Companies Act 2006. Basis for opinio We conducted our audit in accordance with International Standards on Auditing (UK) IISA5 (UKII and applicable law. Our iesponsibilitie5 undei" those standards are further described in tlie Atidilor's responsibilities.lor the nudit o/. the ./iiianciol stotemenls stLtion uf our report. We are independent of the lhritY in aLcvrdanLt with the ethical requiieinents that are ielevdnt to our audit of the Iinaiicidl statements ii) tl)e UK. inLludin¥ the FRC'S Ethicdl Standaid. and we have fulfilled our otl)er ethical responsibilities in accordance with these requirements. We believe t1[ the audit evidence we have obtained is su1¢]ent and appropriate to prolde a basis for our opinion. Conclusions relating to going concern In allditing the financial staten)ents, we Iiave coiicluded that the trllstees, use of the going concem basis of accounting in the preparation of the flnancial stateinents is appropriate. Based on the work we have perfonned, we l)ave not identified any Inaterial uncertainties relating to eijentg or condiiions that, IndildUallY or Lollectively, may cast signifiLant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. OUT rc%pon.%ibilitic8 and thc Tc%ponsibilitie8 of thc ttCC% with rc.%pcct to going concern arc dc%cribcd in thc rclcvant swtions of this r¢port. Other informatio The other inforniation comprises the inlonnation included in the annual report other than the linancial statements and our audiiovs report thereon. The trustees are responsible for ihe other infom)ation contained within the annual report. Our opinion on the financial statements does not cover the other infom)aiion and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance ¢onclu8ion thereon. Our responsibility is to read the other information and, in doing so, consid¢r wli¢th¢r th¢ oth¢r information is mat¢rially inconsistcnt with thc finEclaI statements or our knowledge obtained in the course of the audit, or othenvi%e appears to be materially M]Stated. If we identify such material inconsistencies or apparent material misstateTneiits, we are required to detemiine ivhether this Fives Tise to a inaterial misststeinent in the financial statenient5 theniselves. If. based on the work ive have perfotmed. w'e conclude that there is a matetldl misstateiT]ent ol'this othet infotmiltion, we are Tequiied to report that fact. We have nothing to report in this regard. Opinlons on othcr matters prcscribcd b!, the Companics Act 2006 In OUT opinion, bascd on the work undcrtakcn it] the course of our audit.. the infonnation given in ihe trustees, report for the financial year for which ihe financial statemen(s are prepared. which includes the directors, report prepared for the purposes of company law, is consistsnt with the financial statements; and the directors, report included within the trustee5' report has been prepared in accordance with applicable lesFal iequiTeTnents. 10
EVERY YOUTH INDEPENDENT AUDI'I'OR'S RLPORI" (CONTINUED) TO THE MEMBERS OF EVERYYOUTH Matters on which we are required tn report hv exception In tlie liuht ol-tl)e knowledge and understanding ot'the Lliarity and its environment obtained in the course ol'the audit. we have not ideniified material misstatements in the directors, report included within ihe trustees. report. Wc havc nothing to report in rc%pcct of thc following mattcrs in rclation to which thc Companics Act 2006 rcquirc8 us to report to you if, in OUT opiiiion.. adcqllatc accounting rccords havc not bccn kcpt, or rcturns adcquatc for our audit havc not bccn rcccivcd from bTallches not visited by us., or the tinancial statements are not in agreemeni ivith the accouniing records and retums., or certain disclosui'es of t[steeS, reniuneTation specified bv law are not Inade., or we have noi receiiwed all the intomiation and explanations we require for our audii; or the tSteeS were not entitled to prepare the filnCial statements in accordance with the small companies regitne and take advaiita¥Fe of the small companies, exemptions in preparing the tTUStees' report and from the requireTnent to prepare a strategic ret)ort. Responslbllltles of trustees cxp13incd morc fully in thc %tatcmcnt of trn8tcc%' rc.%ponsibilitics, thc tru%tcc%, who arc al%0 thc dircctOTS of thc charity for the purpose of company law, are responsible for the preparation of the fjnancial statements alld for being satisfied that they give a true and fair view, and for such internal control as the tst£eS determine is necessary to enable the prepaiation of financial statements that are fTee from material misstatement, whether due to fraud or eri"or. In prepaTing the financial 5tatemtnts, the trLLStees responsible for a55es5ing the chatity's #bility to continue as a gLiing concem. dibclvbing, as <LppIiLdble, matters ielated to goin¥ concetn and Ubiii¥ the guin¥ concern basib Ut. accountiii¥ unless the ti"ustees either intend to liquidate the ehariiable company or to cease operations. or have no realistic alternaiive but io do SLI. Auditor's responsibilities for the audit of the financial statements OUT objectives are to obtain reasonable assurance about whetheT the finat]cial statement5 a5 a whole are free fTom terial misstateinent, whether due to fraud or erTor, and to 155ue an auditorfs report that includes our opinion. RedSOTldble (sU[all£¢ is d higli level of i15suinCe but is not d guilldlltee thdt Llll <iudit conducted in dccoiilunce with JSAS (UK} will always detect a material misstatement when it exists. Misstaleinents can arise from fraud or error and are considered material it. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilitie8, Outlined above. to detect material mis.statements in respect of irregularities, including fraud. The extent to which our procedures are Capable of detecting irregularities, including fraud, is detailed below.
EVERY YOUTH INDEPENDENT AUDI'I'OR'S RLPORI" (CONTINUED) TO THE MEMBERS OF EVERYYOUTH Extent to which the audit was considered capable of detecting irregularitie5, ineluding fraud Our approach to idtntilyin¥ and abbebsing the risks ot. Tnaterial mibstateTnent Ill Tespect vl. 1c¥U]ant1es, including Iraud and non-cornpliance with laws and regulations. was as follows". the engagement partner ensured that the engagement team ¢ollectively had the appropriate competence, capabiliti¢s and skills to idcntify or rccognis¢ non-compliancc with applicablc laws and r¢gulations,' we identified the laws and regulation5 applicable to the company thTough discussions with trustees and other Inanagement, and fro]n our commercial knowledge and experience of the charity sector. we focused specific laws and regmlations wliich we considered may have a direct Tllat¢rial effect on the financial statements or the operationb ol. the coinpany, including the Companies Act 2006. the Chintieb Act 2011 and daia proiection. we assessed the extent of Compliance with the laws and regulations identified above through making enquiries i)f managcmcnt and in%pccting Icgal corrcspondcncc; and identified laws and regulations were COTnmunicated within the audit team regularly and the tearn rernained alert to instances of non-compliance throu¥hout the aiidit. Audit response to risk$ identified We asgessed the susceptibiliry of the company's financial staternents to material misstatement. including obraining an undcrstanding of how fraud might occur, by.. making enquiries i)f managcment a% to where they considered there was susceptibility to fraud, their kno.ledge of actual, suspected aiid alleged fraud,. and considering tl)e inteTnal conti.ols in place to mitigate risks of fraud and non-COTnpliance with laws and iegulations. To address the risk of fraud ihrough managenient bias and override of controls, we.. perfom)ed analytical procedures to identify any unusual or unexpected relationships- tested journal entries to identify unusual transactions,. as%c$8cd whcthcr judgemcnt8 and as8urnptinns madc in dctcmiining thc acci)unting cstimatcs wcrc indicativc i)f potential bias,. and investigated the rationale behind significant or unusual trdll5action5. In response to the risk of it[eslaritiCS and non-compliance with law5 and rebFulations, we designed procedure5 which included, but wert iiot liinited to.. agreeing financial statement disclosures to underlying supporting documeniation: enquiring of management as to actual and potential litigation and clainis: and review of meeting minutes enquiring as to any correspondence with the Charity Commission. There are inherent limitations in our audit procedures described above. The more removed that laws and regiilations are froin financial tran5action5, the less likely it is that would become aware of noii-compliallce. Auditing standards also liniit the audit procedures required to identify non-compliaiice M'ith la.5 and reglatIonS to enquiry of the directors and other and the inspection of regulatory and legal co¢SpondenCe, if any. Maierial misstatements that arise due io fraud can be harder to delect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Cliuncil's website al.. hiips=Il ww.fr¢.org.uklauditorsresponsibilities. This description fornis paff of our auditor's report. 12
EVERY YOUTH INDEPENDENT AUDI'I'OR'S RLPORI" (CONTINUED) TO THE MEMBERS OF EVERYYOUTH Use of our repnrt This report is Tnade solely to the charitable company's members. as a body. in accordance with Chapter 3 of Part 16 of tlie Companies Act 2006. Our audit work has been undertaken so thai we might stale to tl)e chariiable company's memberb thobe matters we are required to slate to them in an audiior's report and for no other purpose. To Ihe fullesi extent permitted by law, we do not accept or aqsume responsibility to anyone oiher than the charitable company and Ihe charitablc company's incmbcrs as a body, for our audit work, for this rcport, or for thc opinions w¢ hav¢ formcd. Kate Ta}'Inr FCA (seninr Statutorv Auditnr) Fur Ltnd on behalf of Simpsoii Wrtlord LLP, Statutvry Auditor Chartcr¢d Accountants Wellesley House Dukc of Wcllington Avcnuc Royal Arsenal London SE18 6SS 18 March 2026
EVERY YOUTH CH.4IRfvIAN'S STATEP+lLNT FOR THE YEAR ENDED 31 DECEMBER 202S 2025 ha% bccn pcrhap% thc mo%t challcnging for young pcoplc in any walk of lifc. Evcn morc so if you arc a young person who lias experienced homelessness. The challenges can seetn insurinountable, but l am genuinely inspired when I see our young people's resilience and ability to flourish when they rective the Tight support at the right time. Listenit]g to our COTnmunity it is cleai" they want us to be on tlieii" side, leave them in contiol, and reco¥5nise their potential. ProYidit]g them with e(1Sy to dcces5 support services mukes il hubFe differeiiLe to tlieir PlOSP¢Lts both bhort and lonbF tetm. You can read about our full impact in this report. l just ivani to highlight two achievements. Project Flourish although in its infancy is a genuinely innovative partnership approabh, by Business and ourselves. to providing employment and increasing social mobility. Joining the Royal Foundation's Homew'ards partnership in 2025 recognises Everyyouih's frontline experience and expertise. A5 always I would like to record Tlly thanks to,. Our 8uppoffers and donors (both longstsnding and new).. and our Delivery Partners for their excellent work. Our CEO Nick Connolly continues lo provide great leadership with his vision. energy and ability lo calmly navigate challenging tiines. ably supported by his team, whose hard work and Commitment is genuinely inspiring. My f¢llow tni8te¢s for th¢ir support and cotnmitm¢nt. If yoll want a b¢tt¢r filr¢ for our young p¢oplc pl¢as¢ ¢onsid¢r joining us. Anthony Ramos Chairperso Date.. 18 Maich 2026 14
EVERY YOUTH STA-I-LIqENT Ob F"INANCI.4LACTIVII'IES INCLLDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 UThrestricted Restricted tunds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donation% and Icgacics Charitable activities Inveslinents 218,286 6,220 4,770 826,330 I,(k14,616 6,220 4,770 514,269 3,321 15,034 540,860 1,055,129 3.321 15,034 Total income 229,276 826,330 1,055,606 532,624 540,860 1,073,484 Expenditure on: Raisingw funds Charitablc activitics 181.623 239,08R 181,623 1,149,190 155,617 234,521 155,617 1,241,388 910,102 1,006,%67 Totsl expenditure 420,711 910,102 1.330,813 390,138 1.006,867 1,397.005 Net expenditure 1191.435) (83,7721 (275,2071 142,486 (466,007) (323.521) Transfers between funds (247.913) 247,913 (85,354) 85,354 Nct moi'cmcnt In funds li 1439.348) 164.141 (275.2071 57,132 (380,6531 (323,521) Reeonelllatlon of funds: Fund balanccs at I lailiry 2025 506,984 82,370 589,354 449,852 463,023 912,875 Fund balance5 at 31 December 2025 67,636 246,511 314.147 506,984 82,370 589,354 The blatemeni of finai)cial activities includes all gains and losses recognised in the year. All incoine and expenditure derive Iroin continuing aLtivities.
EVERY YOUTH BALANCE SHELT ASAT 31 DECEMBER 2025 2025 2024 Notes Fixed assets Iniangible Tangibl¢ ass¢ts 15 14 5,075 2,889 7,612 5,201 7,964 12,813 Current assets Debtors Cash at bank and in hand 16 35,774 426,427 36,904 575,400 462,201 612,304 Creditors: amounts falling due Trvithin one year 17 1156,0181 (35,7631 et current assets 306,183 576.541 Total assets less current liabilities 314.147 589.354 The fullds of the charity Restricted income funds Unrestricted funds 18 20 246,511 67,636 82,370 506,984 314,147 589,354 These financial statemenis have been prepared in a¢cordan¢e with the provisions applicable to companies subje¢t to the small companics rcgimc. The financial statements were appioN'ed by the tTU5tee5 on 18 MaTch 2026 IhonyR.Imo51Mar18.202$ 170731 Gmn A Ramos Trust¢e 16
EVERY YOUTH STA'I"LIqENT Ob CASH TrLOWS FOR THE YEAR ENDED 31 DECEMBER 202S 2025 2024 Notes Cash flows from operating Actiwities Cash absorb¢d by op¢rations 24 (153,743) (252,466) Investing activities Investrnent inLome received 4,770 15,034 Net ea%h generated from investing activities 4,770 15,034 Net ea5h generated from finaN¢iThg #ctiYitie5 Net decrease in casll and cash equivalent5 (148,973) (237,432) Cash and cash equivalent5 at beginning of year 575,4(H) 812,832 Cash and cash equivaleDts at etld of year 426,427 575,400 17
EVERY YOUTH NOTES TOI"HE blNANC1ALSTA"I"E1LNTs FOR THE YEAR ENDED 31 DECEMBER 202S Accounting policie5 Charitv informatio Every Yuuih is a PTi*#te Lumpany liiniled by guar<tee inLorpoiaied in England and Wales. The ie¥islered offiLe is 23-27 St Andrews Sireet, Nonvich, NR2 4TP. Each of the trustees is liable io coniribute an amount not exceeding £1 in the event of liquidation. 1.1 Basis of preparation The financial staiements have been prepared in acLordanLe with the charity's memorandum and articles of asso¢iation, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102") and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Rccommcndcd Practiec applicablc to charitics prcparing thcir accounts in accordancc with thc Financial Rcporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements art prepared in sterling, which is the functional currency of the charity. Mon¢tary ami)llnts in these fit]ancial statenients are rounded to the nearest £. Thc financial %tatcmcnts havc bccn prcparcd undcr thc historical cost ci)nvcntion. Thc principal accounting policics adopted are set out below. 1.2 Golng concern At the time of apprtsving the financial statements. the trustees have a reastsnable expeLtation that the Lharity has adequate resources to continue in operatilinal existence for Ihe foreseeable future. Thus ihe rrustees coniinue to adopt the going Clincern basis ot accounting in preparing the Iinancial statements. There are no matsrial uncertainties about the Charity's ability to continue. 1.3 Charitable funds Unrcstricted funds are available for use at ihe discretion of rhe trustees in furtherance of their charitable objectives. RestTlCted fvnds are subject to spe¢ifJc conditions by donors or grantorq as to how they may be used. The purposes and uscs of th¢ r¢strict¢d funds ar¢ s¢t out in thc notcs to thc financial statcmcnts. 1.4 Incibme Income is recognised when the Charity is legally entitled to it after any perfomance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless perfornLqnce condiiions require deferral of the amount. Inclirne tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the tirne of the donarion. Grants are recognised when the charity has an entitleinent to the funds and any conditions linked to the grants have been met. Governinent grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants M'ill be received. A ¥t that speLifies perfonndnLe Londitiuns is reL0]IStd in income when the peitonndllLe Londitions inet. Where a grai)t does not bpecify perforn)ance coi)ditions it is recognised in inLome ivhell the proceeds ale received or receivable. A ant received before the recognilion criteria are saiisfied is recognised as a liability.
EVERY YOUTH NOTES TOI"HE blNANC1ALSTA"I"E1LNTs {CONTIINUED} FOR THE YEAR ENDED 31 DECEMBER 202S Atcounting poiieits (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or conslrnclive obligation to transfer economi¢ benefit to a tliird party, it 1% probable that a transfcr of cconomic bcncfits will bc rcquircd in %cttlcmcnt, and thc amount of thc obligation can be measuTed reliably. Expendituie is clilssified by activity. The costs of each actiN'ity are made up of the total of direct costs Llnd shared costs. inLluding support costs involved in undertaking each activity. Direct costs attributable to a sit)gle activity are allocated direLtly to that activity. Shared costs whiLh Lontribute to more thali one aLtivity and support costs whiLh are noi attributable to a single activity are apportioned between those activiiies L)n a basis consisient lITh the use of resources. Central ststTcosts are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the as.set's use. In the Cage ,here support ¢08ts are predeterniined by the request in application for grants, this is th¢ amount us¢d to allocat¢ SUPPOrt costs appli¢abl¢ to that proj¢ct. The chaTity applie5 the perfoTmance model when accounting for grants awaTded. Under thi5 model, a liability for a TTant payable is recogni5ed only when the recipient ha5 met the performance-related conditions attached to the Where condilions relale lo acliviiies or oulpulb that have nol yel been Lompleled. no liability ib recognised. Inslead. the grant is disclosed as a future commitment if it has been communicated to the recipieni. 1.6 Intangible fixed assets other than goodwill Intaiigible assets acquired separately froin a business are recognised at cost and are subsequently measured at C05t less accumulated amortisation and cUTnU1atCd irnpairment losse5. Amort15ation is recognised so as to write off the cost or valuation of assets les5 their residual N'alues oveT their useful lives on the following bases.. softw(¢ 4 years straight line 1.7 Tan2ible fixed assets Tangible fixed assetb are initially Tneasuied at cost and subsequently measured at cost or valuation, net of depreciation and any iinpairnient losses. Depreciution is ieco¥nibed so as to WTite off the cost 01 valuation of assets less their residual Viilues over their usel'ul lives on the following bases.. Computcr 4 ycaT8 8traight linc The gain or loss arising on the disposal of an asset is detetmined as the difference between the sale proceeds and the carrying value ol'the asbet, and recognised in the stateinent ol. linancial activities. 1.8 Impairment of fixed Assets At cach r¢poTting cnd dat¢, thc charity r¢vi¢ws thc carying amounts of its tangiblc and intangiblc asscts to detern]ine whether there is any indication that those assets have Suffered an impairmcnt 108s. If any.%uch indication exists, the Tecoverable amount of the a%set is estimated in order to determine the extent of the impairment loss lif any). 1.9 Cash #nd cash equivalents Cash and cash equivaleiits include cash in hand. deposits held at call with banks, other short-tem liquid investments with original maturities of ihree months or less, and bank overdrafts. Bank overdrafts are shown witliin borrowings in current liabilities. 19
EVERY YOUTH NOTES TOI"HE blNANC1ALSTA"I"E1LNTs {CONTIINUED} FOR THE YEAR ENDED 31 DECEMBER 202S Atcounting poiieits (Continued) 1.10 Finan¢i#l instruments The charity hds elected to apply tlie PTovisions of Section I I 'BasiL Financial Instruments, and Section 12 '0ther FinanLial Inbtnjments Issues, uf FRS 102 tu all of its fin(LiklI inbtnJinentS. Financial inbtrumenls are recognised in the charily's balance sheel when ihe charity becomeb party to the contractual provisions of the instrument. Financial asset8 and liabilitie.% are offset, with the net amount8 presented in the financial statement%, when there is a legally tjiforceable right to set off the recognised amounts and there is an intention to settle on a net basi5 or to realise the asset and settle the liability simultaneously. BasiefL1(d as.fets BasiL fIn{lia1 dsbets, which inLlude debturs (Iiid cash {d bank baldnLes, iiiitidlly mEu[cd dt tr£ins£LLtiun priLe including transaLtion Costb and are subsequently carried at an)ortised cost using the effective inteiest method unless ihe arrangement conslitules a financing transaciion, where the iransaclion is measured at the presenl value of ihe future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortis¢d. Bosicfln4CIll1 litsbililies Basic fillancial liabilities, including creditors and bank loans are initially recognised at transaction price unless the aangeTellt constitutes a financing transaction, where the debt instrument is measured at the present value of the future pasqnents discounted at a inai.ket tate of inteiest. Financial liabilitie5 classified as paj'able within one year re nut umurtis¢d. t)ebt instruments are subsequently carried at amortised cost. using the effective inleresi rate method. Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary COUT8e of operations from suppliers. Aniounts payahle are classified as current liabilities if payment is due within one year or Ics%. If not, thcy arc prc.Cnted as non-currcnt liabilitics. Tradc crcditor% arc rccogniscd initially at trdn%action price and subsequently tneasured at amortised cost Using tlie effective interest method. Derec81zon Financial liabilities are derecognI5ed when the charity's Contractual obligations expire or are discharged or ¢anLelled. 1.11 Retirement benefits Paym¢nts to dcfincd contribution r¢tir¢mcnt bcncfit schcm¢s arc chargcd as an cxpcnsc as th¢y fall duc. Critical aeeounting estimates and judgements In the application of the Charity's accountlnb policies. the trustees are required to inake judbTeinents. estimates and assumptlonb about the carryin¥ amuunt ot. asbets and liabilities that ale not readily apparent fium other souices. The esiimates and associated assumptions are based on historical experience and other factors tl)at are considered to be relevant. Actual results may differ from these estimates. Thc ¢stimat¢s and undcrlying assumptions arc rcvicwcd on an ongoing basis. Rcvisions to accounting ¢stimat¢s arc recogni%ed in the period in which the e%timate is revised where the revi%ion affects only that period, or in the period of the revision and future periods where the revision affect5 both current and future periods. -20-
EVERY YOUTH NOTES TOI"HE blNANC1ALSTA"I"E1LNTs {CONTIINUED} FOR THE YEAR ENDED 31 DECEMBER 202S Income from donations and legacies UThrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donations ¥Fifts Grants receiiwable Sponsorship fees 216.786 1,500 248,641 577,689 465.427 579,189 504,269 51.593 489,267 555,862 489,267 10,000 10,000 218,286 826,330 1,044,616 514,269 540,860 ,055,129 Grants receivable John L&ing Charitable Trubt The Albert Hunt Trust InsuianLe Indubtry Charitable Foundation Fidelity UK Foulldation B&Q Foundatio Comic Relief Charity Projects Paul Hamlyn Foundaiion The Hiscox Foiiiidation Hurst Lea Foundatio Schroder Charity Tist c.lifford Chance Global Foundation Abbvie Barratt Developments Forvi5 MaZr Homeless Link Ludlow Trust Th¢ Royal Foundation The Glace Trust Other 150,000 25,000 150.000 25,000 150.000 25,000 150,000 25,000 i 0,000 10.o(M) 10,000 20,000 100.000 10.000 20,000 loo,000 50,000 50.000 94,689 50,000 94.689 50,000 110,000 50,000 10,000 6,000 5,000 110,000 50.000 10,000 6.000 5,000 5.000 5,000 3,267 3,267 5,000 75,000 55,000 30,000 5,000 20,000 3,000 5,0(M) 75,000 55.0(M) 30,000 5,OtM) 20,000 3,0(M) 1,5(X) 1,500 1.500 577,689 579,189 489,267 489.267 21
EVERY YOUTH NOTES TOI"HE blNANC1ALSTA"I"E1LNTs {CONTIINUED} FOR THE YEAR ENDED 31 DECEMBER 202S Income from investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 4.770 15,034 Income from charitable acliTrryties UDrestrieted funds 2025 Ullrestricted funds 2024 Other income 6,220 3,321 Expenditsre on raising funds Unrestricted Unrestricted funds funds 2025 2024 Fundraising and publicity Advertisinb Staff costs 1.208 180.415 1,531 154,086 181.623 155.617 -22-
C tn O O CJ C ¢n Q rf f-
ry4 e4 ry4 o c
EVERY YOUTH NOTES TOI"HE blNANC1ALSTA"I"E1LNTs {CONTIINUED} FOR THE YEAR ENDED 31 DECEMBER 202S Description Df charitable activitie5 Central These include costs incurred in the general running of the organisaiion. dbilit Boost This fund aims to remove financial batTiets to securing education or employment. Additional infoTrnation on this fund is detailed in the Trusteeb, report. lo abilit Fund This fuiid aims to help yoiing people make a measurable and meaningful step towards employment. Additional information on this fund is detailed in the Trustees, report. Housin Fund Tliis fund provide5 pfdctical support and removes financial barrier5 to help younb people to move-on fToin supported aLconllnodatiun intu independent livin¥. Additional infornidtion on thib fund is detailed in the Trustees, report. Sli cr Boost This ftind is a collaboration with Hays PLC which mOVed financial barricTS that can pr¢v¢nt young pcopl¢ from securing siistainable employment. Additional information on thi% flind 1% detailed in the Tnistees. report. Health Fund This fund enableb young people to access mental health support quickly. Additional information on this fund is detailed in the Trustees. report. Futurc Builders This fund is to mak¢ affordabl¢ a¢comodation avatlablc to young pIC participating in ¢dllcation, ¢mploym¢nt and training opportunities. Additional informatloll Oll thi% flind detailed in the Tni.%tees' report. -27-
o eo w trJ- m D4 ¢>-
¢•E m tn O- o 04 P-- O o r4 )C)NOO0 4 P) ry4 PJ 4 Tr4 ry4- ry4 m ry4 m
EVERY YOUTH NOTES TOI"HE blNANC1ALSTA"I"E1LNTs {CONTIINUED} FOR THE YEAR ENDED 31 DECEMBER 202S 111 Trustees None vf tht trubtees (or ptrsuns Lon]ItLted with them) received remuneratiun or benefits from the Lharity durii)g the year. 11 Net movement in funds 2025 2024 Thc nct mov¢m¢nt in fvnds is stat¢d aficr chargingllcr¢diting)'. Fcc% pa)'ablc for the audit of thc charity's fjnancial ststcmcnts DepreLiation of owned tangible fixed assets Amortisation of intangible assets 9,24 2,312 2,537 8,400 2,311 2,538 12 Employees The average monthly number of employees during the year was.. 21125 Number 2024 Number Emplo}ment costs 2025 2024 Wages and 5alarie5 Social securiry costs Other pension costs 407,531 37.751 20,341 371,602 34,516 18,347 465,623 424,465 Thc numbcr of cmploycc8 who8c annual rcmiincration was morc than £60,000 is as follows. 2025 Number 2024 Number £70.001 to £80,000 £90.001 to £lOO.00 £IOO.000 to £110,000 Remuneration of key management personnel Th¢ rcmuncration of kcy manag¢m¢nt pcrsonncl was as follows.. Aggregate Compensation 178,035 169,801 13 TaxatioD The Charity is exempi from taxaiion on ils activities because all its income is applied for charitable purposes. 30-
EVERY YOUTH NOTES TOI"HE blNANC1ALSTA"I"E1LNTs {CONTIINUED} FOR THE YEAR ENDED 31 DECEMBER 202S 14 Tangible fixed assets Computers Cost At l January 2025 9,245 At 31 December 2025 9.245 Depreciation and impairment At l January 2025 Depreciation charged in the year 4,044 2.312 Ar 31 December 2025 6,356 Carrylng amount At 31 December 2025 2,889 At 31 December 2024 5.201 IS Intag1b1È fixed assets sOftare Cost At l Jalluary 2025 and 31 December 2025 12,180 Amortisation and impairment At l jury 2025 Amortlsation charg¢d for th¢ year 4,568 2,537 At 31 D¢ccmb¢r 2025 7,105 Carrying amount At 31 December 2025 -S,075 At 31 DecernbeT 2024 7,612 16 Debtors 2025 2024 Amounts falling due within one year: Trade debtors PrepayThaits and accrued income 30,000 5,774 35,000 1,904 35,774 36,904
EVERY YOUTH NOTES TOI"HE blNANC1ALSTA"I"E1LNTs {CONTIINUED} FOR THE YEAR ENDED 31 DECEMBER 202S 17 Creditors: amlbunts falling due Thithin one year 2025 2024 Oth¢r taxation and social sccurity Trade creditors Othcr crcditors Accruals and deferred inctsme 12,081 82,832 4,015 57,090 10,241 16,982 3,153 5,387 156,018 35,763 18 Restricted funds Tlie restricted funds of the charity COTnprise the unexpended balances of donations and grant5 held on tn]5t subject to specific condition5 by donor5 as to how they may be u&ed. At l J#nu#rv 2025 IneomiThg resources Rt50urtes expended Transfers At31 December 2025 Health fund Employability nd Employability fund- boost Housing fund Future Builders fund Super Boost Cential Futurc buildcr% capital fund 29,715 302,159 50,571 85,000 135,000 50,000 108,885 65,000 151,430) (299,420) 163,759) (147.535) (128,336) 118,377) 1119,745) 181,500) 21,715 2,739 3,602 9,000 71,414 83,371 17,885 58,500 16,790 69,658 64,750 1,877 51,748 28.745 75,OOn 82,370 826,330 (910.102) 247,913 246,511 Previous year: At l J#nuarv 2024 1Comig resources Resources expended TraThsfer5 At31 December 2024 H¢alth nd Employability fui)d Bursary fund Housing fund Restricted grants Contingency fund FUr¢ Build¢r5 nd Super Boost Central 37,731 32,152 22,503 262.959 28,942 24.136 185,146) 1197,575) 131.009) (261,082) 12K.942) 47,415 22,830 239 142,593 8,267 1,877 (24,1361 39,006 250,000 (289,006) (2,852) {111,255) 54.600 51.748 28,745 140,000 463,023 540,860 (1,006,867) 85,354 82,370 32-
EVERY YOUTH NOTES TOI"HE blNANC1ALSTA"I"E1LNTs {CONTIINUED} FOR THE YEAR ENDED 31 DECEMBER 202S 18 Restrieted funds (Continued) Transfers have been made fr(>m unrestricted funds to restricted funds lo make up for the shortfall in income for certain projcct%. Thi% cn%urcs that thc rcstrictcd n{L8 arc not in dcficit. Thcsc transfcr8 havc bccn allthori.%cd by the management coinmittee. 19 Retlrement benefit sche]nes The charily opeTales a defined contribulion pension sLheme fur all qualilying einployees. The asseis of ihe scheine are held separately from those of ihe chariiy in an independently administered fund. 2024 Defined coDtriblltlOn schemes Charge to profit or loss in respect of defined contriblltion schemes 20,341 18,347 211 Unrcstrfietcd funds Thc unrc.%trictcd fiinds of thc charity comprisc thc uncxpcndcd balancc% of donation% and grant% 'hICh arc not subject to specific conditioiis by donors and grat]tors as to how they inay be used. These include designated funds which have been Set aside out of unrestricted ndS by the tn]5tee5 for specific purposes. At l Januarv 2025 IncomiThg resource5 Resources expended Transfers At31 December 2025 General funds 506,984 229,276 1420,711) 1247,913) 67,636 Previous year: At l January 2024 Incoming resources Resources expended Transfers At31 December 2024 Gcn¢ral funds 449,%52 532,624 (390,138) (85,354) 506,984 21 A Thalysi5 of net a5set5 behveen funds Unrestricted funds 2025 Restricted fund5 2025 Total 2025 At 31 December 2025: It]tangiblc fixed asscts Tangible assets cent assetO{liabilities) 5,075 2.889 59,672 5,075 2.889 306,183 246,511 67,636 246,5 11 314,147 33
EVERY YOUTH NOTES TOI"HE blNANC1ALSTA"I"E1LNTs {CONTIINUED} FOR THE YEAR ENDED 31 DECEMBER 202S 21 AThalysis of net assets betTrveen funds (Continued) Unrestrieted funds 2024 Restrieted funds 2024 Total 2024 At 31 December 21124: Intangible fixed assets TangTible assets Currcni assctsl{liabiliticsl 7,612 5,201 494,171 7,612 5,201 576,541 82,370 506,984 82,370 589.354 22 Grant commltments As at 31 December 2025 the charity was committed to proN'iding grants totalling £121,500 for the FUre Builders PToject for the period l OctobeT 2025 to 31 March 2026. Of this £50,086 has been included within accruals as at 31 December 2025, the aCcal has been calclllated in reference to nuinber targets inet as at the 31 December 2025. 23 Related party transactions Transactions with related parties During the year Ihe chariiy enlered inio the following iransactions with relaied pariies= Llamau Ltd F Beecher is a trustee of Everyyouth, and is ihe CEO Lif Llamau Ltd, a registered chariry. Everyyouth paid £36.462 in granls to the charity in the period. (2024 £61,829). Included within trade Lreditors at the year end is £Y.852 {2024 £nil) payable to Llamau Ltd. 1625 Independent People D Wood is a tn]stee of Everyyouth, and CEO of 1625 Independent People, a registeTed society. Everyyouth paid £67,589 in grants to the charity in the period. 12024 £178,173). Included within trade creditors at the year end is £5,796 {2024 £nil) payable to 1625 Independent People. The Roek Trust K Polson is a trustee of Everyyouth, and C.EO of The Rock TrusL a registered charity in Scotland. Everyyouth paid £70,306 in grants to the chariiy in the period. 12024 £140,982). Included within trade creditors at the year end is £5,796 (2024 £2,131 I payable to The Rock Trust. The Benjamin Foundation M Garrod is a t1i15tee of Everyyouth, and a trustee of The Bet]jamin Foundation, a TegisteTed chaTity in England and Wales. Everyyouth paid £49.785 in grants to the charity in tlie period.12024 £116,995). Included within trade Lrediturs at the year end is £9,85212024 £nill payable to The Benjdmin Foundation. 34-
EVERY YOUTH NOTES TOI"HE blNANC1ALSTA"I"E1LNTs {CONTIINUED} FOR THE YEAR ENDED 31 DECEMBER 202S 24 Cash ahsorbed by Ibperation5 2025 2024 DefiLil for Ihe year {275,2071 1323,521) Adjustments for: Invcstmcnt incomc rccogniscd in statcmcnt of financial activitics Depreciation and impairment of tangible fixed assets 14,7701 4,849 115,034) 4,849 Movcmcnts worklng capital: Decrease in debtors Increaselldecreasel in creditors {Dccrcascl in dcfcrrtd incomc 1,130 120,255 161,312 160,072) 120,000) CAsh absorbed b), operations 1153,743) (252,466) 25 Analysis of ebanges in net funds The charity had no material debt during the year. 35