Charlty reglstratlon number 1202478 (England and Wales) KINETIC YOUTH CIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 KINETIC YOUTH CIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees Sarah 8arley-McMullen Helen Dove Richard Taylor Dr Oliver Murray Ragg Summer Nisar Professor Hannah Mills Nicola Jane Sherrard-Kefford Dr Lynn Furber (Appointed 22 May 2025) Chairperson Sarah Barley-mcmullen Charlty number (England and Wales) 1202478 Reglstered offlco Unit 82a James Carter Road. Mildenhall, Bury St. Edmunds England IP28 7DE Auditor Millet Accountants Ltd Beyond Aldgate Tower 2 Leman Street London England E18FA KINETIC YOUTH CIO CONTENTS Page Trustees Report Statement of responsibilities Independent auditorfs report Statement of financial activits'es Balance sheet Statement of cash flows 10 Notes to the financlal statements KINETIC YOUTH CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The company was incorporated on the 24 March 2023. The financial statements have been prepared in accordance wlth the accounting policies set out in nole 1 to the financial statements and comply with the charlty's governlng document, the Charlties Act 2011, FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounts'ng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102)". Objectlves and actlvltles Klnetic Youth's charitable purpose Is to Improve outcomes for children and young people, particularly those Involved in or at risk of involvement in the youth justice system. The charlty delivers high*uality youth work, education and support services across secure estates, custodial settings and community-based provision. Key activitles durlng the year Included: Delivery of youth work services within Young Offender Institutions and prisons across England and Scotland. Participation and youth voice work in youth justice Community-based support and targeted interventions National policy. advocacy and systems-change work to promote child-centred youth justice. Workforce development, training and support for youth work practitioners. Achievements and perfomiance The trustees confirm that they have complied with thelr duty to have due regard to the Charity Commission's guldance on public benefit. During the year, Kinetic Youth delivered services to thousands of children and young people within custodial and community settings, providing trusted relationships, educational engagement and developmental support. Key achievements Included: National Influence a. Delivered a parliamentary event hosted by Anne Longfield. b. Progressed the Child-centred Youth Justice Network. c. CEO contributed to NYSAB, YCS, YJB. MOJ and the YJB Leaders. Summit. Won contracts at HMPPS; Lincoln, Deerbolt, Low Newton. Stirling, two secure children's centres and Lincolnshire local authority Securing and delivering multiple youth Justice contracts, including continued work with the Youth Custody Service and the Scottlsh Prison Servlce. Expansion of provlsion In Scotland and the successful launch of domestic abuse-focused youth work. Development of the Child-centred Youth Justice Network, bringing together sector partners to influence practice and policy. KINETIC YOUTH CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Establlshment of robust impact recordlng systems, enabling the organlsation to evidence outcomes, engagement levels and leaming. These activities delivered clear public benefit by Improving wellbeing, engagement, safety and future prospects for children and young people, while contributing to safer institutions and communities. Improved financial systems, cashflow, and contract costing. Achieved "below average risk. credit ratings for both the CIO and the Ltd company. Implemented new impact recording processes. Increased online presence and commissioned a new website. Flnanclal revlew The financial statements for the year ended 31 March 2025 show: Income: £1,274,656 Expendlture: £1,274.921 Deficit for the year: _£265 Year-end funds: -£265 All income related to unrestricted funds. The trustees note that the near break4ven positlon reflects a year of slgnificant transition and stabilisatlon following previous financial challenges. Strong cash-flow management, improved contract costing and the recovery of historic underpayments contributed to financial resilience during the period. At the year end, the charity held current assets of £106,997 and creditors of £107,262, resultlng in net liabilities of £265. Trustees are satisfied that the charity remains a going concem, supported by forward projections. ongoing contracts and active incom&generation plans. Reserves policy The trustees review the reserves policy annually. The charitys aim Is to build unrestricted reserves equivalent to a minimum of three months, operating expenditure, In order to: Manage fluctuations In contract income Meet unforeseen costs or delays in payment Support organisational stability and sustainabillty. Although reserves at the year end were limlted, trustees have Implemented plans to rebuild reserves through improved surplus generation, diversification of income and careful expenditure control KINETIC YOUTH CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management The trustees who served during the year and up to the date of signature of the financial statements were: Sarah Barley-mcmullen Richard Taylor Dr Oliver Murray Ragg Summer Nisar Professor Hannah Mills Nicola Jane Sherrard-Kefford Dr Lynn Furber Funds held as custodlan trustee The charity did not hold any materlal funds as agent or custodian for other organisations during the year ended 31 March 2025. The report was approved by the Board of Trustees. Sarah Barley-mcmullen Rlchard Taylor 13 Jan 2026 Date: .... KINETIC YOUTH CIO STATEMENT OF RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees are responsible for preparing the Report and the financial statements in accordance with applicable law and Unlted Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year whlch give a true and fair view of the state of affairs of the charfjty and of the incoming resources and application of resources of the charity for that year. In preparing these financlal statements, the trustees are requlred to: select suitable accounting policies and then apply them consistenuy; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; state whether applicable accountlng standards have been followed, Subject to any material departures disdosed and explained in the financial statements; and prepare the financial statements on the going concem basis unless it is Inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any tlme the financlal posltion of the charity and enable them to ensure that the financial ststements compty with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detectlon of fraud and other Irregularities. KINETIC YOUTH CIO INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF KINETIC YOUTH CIO Opinlon We have audited the financial statements of KINETIC YOUTH CIO (the 'charity') for the year ended 31 March 2025 which comprise the statement of flnanclal activitles, the balance sheet, the statement of cash flows and notes to the financial statements, ihcluding significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Flnancial Reportlng Standard applicable In the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and appllcatlon of resources, for the year then ended: have been properly prepared In accordance wlth United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance with the Charities Act 2011. Basis for opinlon We conducted our audit in accordance wlth International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibllities under those standards are further descrlbed in the Audltoffs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements In the UK, induding the FRC'S Ethical Standard, and we have fulfilled our other ethlcal responsibilities In accordance wlth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the use of the golng concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not Identlfied any material uncertaintles relating to events or conditions that, individually or collectively, may cast significant 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. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other Informatlon The other informatson comprlses the information included in the annual report other than the financial statements and our auditorfs report thereon. The trustees are responslble for the other Information contained withln the annual report. Our opinion on the financial statements does not cover the other information and we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so. consider whether the other information Is materially inconsistent with the financial statements or our knowledge obtalned in the course of the audit, or otherwise appears to be Materially misstated. If we identify such material Snconsistencies or apparent material misstatements. we are requlred to determine whether this gives rise to a material misstatement In the financlal statements themselves. If, based on the work we have performed, we conclude that there is material misstatement of this other information, we are required to report that fact. We have nothing to report In this regard. Matters on whlch we are requlred to report by exceptlon We have nothlng to report in respect of the following matters In ￿latiOn to which the Charities (Accounts and Reports) Regulatlons 2008 requlres us to report to you if, In our oplnlon: the information given in the financ181 statements Os inconsistent In any material respect with the report; or sufficient accounting records have not been kept; or the financial statements are not in agreement wlth the accountlng records; or we have not received all the information and explanations we require for our audit. KINETIC YOUTH CIO INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF KINETIC YOUTH CIO Responsibllities of trustees As explained more fully in the statement of responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assesslng the charity's ability to continue as a going concern, dlscloslng, as applicable, matters related to golng concem and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic altemative but to do so. Audltorfs responslbllltles for the audlt of the flnanclal statements We have been appolnted as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or havlng effect thereunder. Our objectlves are to obtsln reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when St exists. Misststements can arise from fraud or error and are considered material if, 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. As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identlfy and assess the risks of materoal misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is hlgher than for one resulting from error, as fraud may Involve collusion. forgery. intentional omissions, misrepresentations, or the override of intemal control. Obtain an understandlng of intemal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the institute's intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. Conclude on the approprlateness of the dlrectors, use of the going concem basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the institute's ability to continue as a going concem. If we conclude that a material uncertainty exlsts, we are required to draw attention In our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However. future events or conditions may cause the institute to cease to continue as a golng concem. Evaluate the overall presentation, structure and content of the financial statements, induding the disclosures, and whether the financlal ststements represent the underlying transactions and events In a manner that achieves fair presentation. Obtain sufficient appropriate audit evidence regarding the financial information of the entities or charities activities within the Institute to express an opinlon on the financl81 statements. We are responsible for the direction, supervision and performance of the institute audit. We remain solely responsible for our audit opinion. A further description of our responsibilities is available on the Financial Reporting Council's website at: https:/l www.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report. Other matters KINETIC YOUTH CIO INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF KINETIC YOUTH CIO Your 8tlentlon Is drawn to the fact that the charlty ha8 prepared flnanclal statements In accordance wlth "Accounllng and Reportlng by Ch8rltle8; Statement of Recommended Pracllce appllcable to charltles preparlng thelr accounts In 8ccordance wlth Ihe Fln8nclal Reportlng Sland8rd appllcable In the UK and Republlc of Ire18nd (FRS 102). (a8 8mended) In preference to the Accountlng and Reportlng by Charltles: Statement of Recommended Pr8Ctlco188ued on 1 Aprll 2005 which18 referrod to In the exlanl rogul8tlons but has now been wlthdrawn. Thls has been done In order for Ihe fln8nc1818t8tement8 to provlde 8 true 8nd f81r vlew In 8ccord8nce wlth current Generally Accopiod Accounllng Practlco. U80 of our report Th18 report Is made solely to the charlty's trustee8, as 8 body, In accordance wllh Part 4 of the Ch8rltles (Accounts and Roports) Rogulatlons 2008. Our audlt work has been undertaken 80 that we mlght Btate to the charlty's trustees those matters we are requlred to 8tate to them In an 8udltor'8 report and for no other purpose. To the fulle8t extent permltted by law, we do not accept or assume responslblllty to anyone other than the charlty and the charlty'8 Iruslees 8S 8 body, for our audlt work, for thls report, or for Ihe oplnlon8 we have formed. Andrew Mlllet BA MBA FCA (Senlor Statulory Audltor) For and on behalf of Mlllet Accountant8 Ltd Chartered Accountants and Statutory Audltor8 Beyond Aldg8te Tower 2 Leman Street London England- E18FA Dale: . KINETIC YOUTH CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted funds 2025 Notes Income from: Charitable activities 1.274.656 Total Incoma 1,274,656 Expenditure on: Charitable activities 1.274.921 Total expenditure 1.274,921 Net expenditure and movement In funds (265) Reconciliatlon of funds: Fund balances at 1 April 2024 Fund balances at 31 March 2025 (265) The ststement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 11 to 17 form part of these financial statements. KINETIC YOUTH CIO BALANCE SHEET ASAT31 MARCH 2025 2025 Notes Current assets Debtors Cash at bank and in hand 78,895 28,102 Credltors: amounts falllng due wlthln one year Net current Ilabllltles 106,997 (107,262) 10 (265) The funds of the charity Unrestricted funds 11 (265) (265) The notes on pages 10 to 15 form part of these financial statements. The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. These financlal statements have been prepared In accordance wlth the provisions appllcable to companies subject to the small companies regime. 13 Jan 2026 The financial statements were approved by the trustees on ......................... Sarah Barley-mcmullen Richard Taylor KINETIC YOUTH CIO STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 Notes Cash flows from operatlng actlvltles Cash generated from operations 13 28,102 Net cash generated from Investlng actlvltles Net cash generated from financlng actlvltles Net Increase In cash and cash equlvalents 28,102 Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 28,102 10- KINETIC YOUTH CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policles Charity infonnation Kinetic Youth CIO is a registered charity that uses Youth Work methodologies to support young people to improve their Ilves. We work with those In, or at rlsk of becomlng Involved In. the youth justlce system. 1.1 Accountlng conventlon The financial statements have been prepared In accordance with the charivs govemlng document, the Charities Act 2011, FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities p￿paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102)". The charity Is a Public Benefit Entlty as defined by FRS 102. The financial ststements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent requlred to provide a true and fair vlew. This departure has Involved followlng the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is ￿ferred to in the Regulatlons but whlch has since been withdrawn. The financial statements are prepared in sterllng, whlch Is the fvnctional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention .The principal accounting po16cies adopted are set out below. 1.2 Going concern The Trustees have prepared financial projects"ons, taking into consideration the current economlc conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concem basis of accounb.ng in preparing the accounts. 1.3 Charltable funds Unrestrlcted funds are avallable for use at the discretlon of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income from donations and grants Is recognised when the charity Is entltled to the funds, the receipt is probable and the amount can be rneasured reliably. For donations, this is usually on receipt. For grants, this is usually when it is made in writing. If a donation or grant contsins tenns and conditions outside of the chanty's control which must be met before the charity Is entitled to the funds, or If the donor speclfies that the fvnds must be used in future time periods, then the income is deferred. Donated services and facilities are induded in the SOFA when received at Ihe value of the gift to the chanty provided the value of the gift can be measured rellably. Donated servlces and fadlitles that are consumed immediately are recognised as Income with an equivalent amount recognised as an expense under the appropriate heading in the SOF Income from charitable activities is recognised over the period to which the incorne relates. Concert fees are recognised at the date of the event. Membership fees are recognised over the period of the membership. Rent Is recognised over the perlod to whlch ft relates. Any amounts relatlng to future periods are deferred. 11 KINETIC YOUTH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Contlnued) 1.5 Expenditure Expenditure Is recognlsed when a present legal or constructlve obllgatlon exlsts at the balance sheet date as result of a past event, It is probable that a transfer of economic benefits wlll be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered. Dlrect costs are those costs whlch directly attrlbute to its activitles. Wages and salarfes are allocated to direct costs based on an estimate of time spent on charitable 8Ctivities by staff members. Support costs Indude staff costs and are those whlch do not produce a dlrect output. Staff costs relate to specific activitles and Ihls is reflected in the allocatlon of payroll costs based on the percentage of time spent. All costs. including govemance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis. Support costs and overheads have been calculated by allocatlng stsff tlme to the level of Involvement In the various activities of the Charity. 1.6 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposlts held at call with banks. other short-term Ilquid Investments with original maturitles of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings In current liabilities. 1.7 Flnancial instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Sectlon 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial Instruments are recognised in the charitys balance sheet when the charity becomes party to the contractual provlslons of the Instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an Intentlon to settle on a net basis or to realise the asset and settle the liability simultsneously. Baslc flnanclal assets Basic financial assets, which Indude debtors and cash and bank balances, are Inltially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the fvture recelpts discounted at a market rate of interest. Flnancial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initlally recognlsed at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of Interest. Flnanclal Ilabillties classified as payable within one year are not amortlsed. Debt instruments are subsequently carried at amortised cost, uslng the effective interest rate method. Trade creditors are obligatlons to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current Ilabilitles. Trade creditors are recognlsed initially at transaction price and subsequently measured at amortlsed cost using the effective interest method. 12- KINETIC YOUTH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcies (Continued) Derecognition of financial liabilities Financial liabilities are derecognlsed when the charity's contractual obligatlons expire or are dlscharged or cancelled. 1.8 Employee benefits The cost of any unused hollday ents'tlement Is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Crltlcal accountlng estlmates and Judgements In the application of the charlty's accounting policies. the trustees are requlred to make judgements. estimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent frorn other sourcAs. The estimates and associated assumptions are based on historical experience and other factors that are consldered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from charltable actlvltles Unrestricted funds 2025 Total 2025 HMPPS LTE Credit Peopleplus Group Provision of services Scottish Prison Shaw Trust Llmlted Other income 442.688 173,177 148,416 155,907 207,429 146,731 308 442.688 173,177 148.416 155.907 207,429 146,731 308 1,274,656 1,274,656 13- KINETIC YOUTH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable actlvities Unrestricted funds 2025 Dlrect costs Staff cost Staff uniform Recruitment Staff expenses Staff training Hotels and subsistence Resources project Other expenses Preliminary expenses Bank charges Donatlon Legal & professional fees Rent 10.005 1,585 2,559 28,643 2,533 8,987 15,057 22,382 8,942 424 500 7,383 2,683 111.684 Share of support and governance costs (see note 5) Support Governance 1,157.196 6.041 1.274.921 Analysls by fund Unrestricted funds 1,274.921 Support costs allocated to actlvltles 2025 Employerfs NIC Employerfs penslon Telephone Software cost Looker leaslng Insurance Wages and salaries 92,709 19,135 2,069 2,198 9,706 2,783 1.028.596 1,157,196 14- KINETIC YOUTH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities (Continued) Governance costs comprlse: 2025 Audit fees Accountsncy 3,900 2,141 6,041 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefrts from the chanty during the year. Employees The average monthly number of employees during the year was: 2025 Number Total 46 Employment costs 2025 Wages and salaries Social security costs Other pension costs 1,028,596 92,709 19,135 1.140.440 The number of employees whose annual remuneration was more than £60,000 is as follows: 2025 Number CEO Remuneratlon of key management personnol The remuneratlon of key management personnel was as follows: 2025 CEO Salary 94,524 15- KINETIC YOUTH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Taxation The charity is exempt from tsxation on Its actlvities because all its Income is applied for charitable purposes. Debtors 2025 Amounts falllng due wlthln one year: Trade debtors 78,895 10 Creditors: amounts falllng duo wlthln one year 2025 Related Party . Other taxation and social security Other creditors Accruals and deferred Income 29,870 22,552 49,840 5,000 107.262 Please see Note 12 11 Unrestrlcted funds The unrestricted funds of the charity comprfse the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Incomlng resources Resources At 31 March expended 2025 2024 General fvnds 1,274,656 (1.274,921) (265) 12 Related party transactlons Amounts owed by related parties•2025 Kinetic Youth Ltd 79,710 Gess Horner-Aird Is both a director and shareholder of Klnetic Youth Ltd. Gess Homer-Aird is a senior employee of the charity. The operation of the charity was transferred from Kinetic Youth Llm6ted to the Charity at the commencement of operatlon of the charity 16- KINETIC YOUTH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Cash generated from operatlons 2025 Deficlt for the ye8r (265) Movements In worklng capltal: (Increase) In debtors Increase in creditors (78,895) 107,262 Cash generated from oparatlons 28,102 17-