2025-03-31-accounts

C￿l￿nUmber 22S768 FOR THEYEAR ENDED 31 MARCH 2025

Indexiothekcrymtstrtheyearended 31 March 2025 Tru5tee<Annual Re￿￿[ Independent ALhlitofs Rew statement ofFinanckal ktmties [Including I￿Ory￿and Eynditure kic4Jntl 10 BaLance Sheet Staierynr ofcash Flo 12-17 Notes rotheACc￿Trts

REPORTOFTHETrUSTEES FCR THEYEARENDED31 MAKH 2025 The tru5rees presenr theirènnu81 report and finarKkil srarementsof Ehe cPriryfor theyearende(J 31 March 2025. The rinancval staierDen(s W been prepared in accordance %wth ihettoritis Scheme. Ihe Charcies Aci 2011. Ihe Charty IAccounis Reportsl Reguiiiion5 2008. 5[areft￿nI ofRe(Orr¥Tw￿ed Prac[￿e IFf6 1021 and the accountin8 polics set oui in note 1 to the accoun[5. REFEREN￿AND ADMINlSfRATWE D￿ALs Essex YcyJih Trust ks anUnncor￿3[ed a55QKiari￿.charlly numter229768. The principal office is %tuaie(J ai The Okj Rectory. GeYingEh0r￿. Halstea(J. E55ex C09 38B. The trustees are Michaellohn ttyer. Will￿rn Dwd Robson. MrsCi3ireCottrell. Mrslul Fosh. Michael BIegel.lonat￿n McEachern Ire5vgneé ￿JgUst 20241. Car¢Yine Tas$￿ Edwar(Js Wilb3m Goginglapky)inred Sewetnber20241. The clerk islonathan Peter Dougk75.HUgfsiow￿)mttsYto ffnaSeff￿nt ofttr￿ tru￿ t)een delegated. The charitys tsanke￿are CAF 8anK West KlaHift& Kern. The tharitys 501KIIOT5 we Gepp SO1￿1[￿$ LLP. S Springfiekl L)rJnsApproacN Sprin8feld. (hdrrsford. CM2 5L6. The chartys audiiors are￿hingS LifflffeLI. I￿nh￿de Kknjnt P￿asanc BameL EN4 9EB. sTrucruRe GOVERNANCEAND MANAGEME The E55ex YcAJthTrust iSacJmiri￿[ere¢j undeta scheme darvj 24 Fetruary 1993. The charity N3sa permaneni end(Mmeni whiih a 31 Marth 2025 atrKxJnted 10£9.081.634. bl Newiru%ee5aie selecEed app)Inied rrustees for rime beiiE. Upon 3ppoinrmeni a ne¥v rrusree Is gNen COPIÈS of the SC¥￿me. tho13st reporr and accounrs. rhp minutes of Ihe last meeting and a copy ofany grant mdkng wth'c> At the ntrwtrustÈ¥s fitst meetin8th2 chairman expL41ns h¢wthe operaie& an5wersatry queion53nd expLiin5 point5 throughout the meeting and all 5ub5equent rneeting& New truee5 are re,erred toihe CharityCOtntTlisi￿ websiie for guidance on ihe role of a Erustee_ OrganivitLThI aThJ dec&Lm ofthe cl¢rty. Essex Youih Trust ts a granL-rrokingcha(tyaTh1 thetnsteesofthecharty. as na￿ ab(ve. meet on a quarterty ba51& Al each quartetymeetingthe tru5reesc￿￿der.. Having regard EO perforffonce Of[￿ Irfvestff*ns the rrustees rwewtheirannual budgetioensure thai Iheir proposed expeTh¥iiure ￿ prudenL The reporr of irs In¥estffÈnt managers The charitys Other nye5tmwr5aThJ itstherao irTh￿rnent polKy. Granr applicatlOnS. If li s Cons￿ere￿ nKe55ary. of ihe irustee5 ￿11 vr5rt theapplicant for a gfanr and report to Ihe retnaining rrusiep5. DecisK)ns asto the appro4al or reiecrion of akplKaTwsare U￿nImity. inaccoidanie wilh the general winciples of ITU￿ee law. No decisK)n isdele8ated to rhe £￿T DurinE Ihe year rhe charw poid8rantsarKJ t[￿nage￿￿1 tharge510 reLated parties as dtsclt)sed in n￿e5 1 Dand l 1 to the 6ccwnrs. le) The rrusvs primary rtsk isthe invalue of rhe (hartys fund& The charty has 3 permanent endoyfflentwhich will not be added to. soihe tru51ee5 cwsLlerih31 ihe proiectw of ihis fund is ofprimè importance.

REPORTOFTHETRu¥fEEY FOR THEYWI ENDED31 MARCH 2025 The fundsvEre Irarsferred ioCCLAofSenaior House. 83 Queen V￿lorra 5treeL L￿￿on. EC4V4ET from Ca2enove Capital Managemeni In ANil 2022. Thi5change of acfvisors re5uhed Irom an assessmeni of rhe abiliiies of toial rerum ITh￿StMent managers. Tr tru51eps cortyderthattlE rskof misappropriation byCCLAor1055es Ihrou8h incompetÈnce is aiihe I￿￿e$l ￿1 p0S￿ble. The trusteegrewiew the perfrKrn￿ce ofthe il%tsrmwt managers operate on discretionary bay5, in the light of market condition5. and the prCperryfu[￿ trorwger% al every meeiing. The bankers ofihe charity. Cafts4nK 5pK&31i5e in banking for charities and take ery conceivable step to en5U securiry of funds in their possessi?n. FutK15can onty be Y￿[h￿raWn frotnihe bank upon the presentation of a cheoue dra￿ on bankand sened by m irusreeswhere Oet61& are in ihe possession ofrhe barik. The clerk has no dea1￿h Ihe tnI￿S rÉ¥iiote bankngfaulty Klace. The risk Df mtsapplication of funds 6 because￿I)S1ani1aI gran￿ are ontygryen to Vlell known and solio established recipienr& When sttkilÈr 8ranrs are gfftn 10 ne¥Er. lesswell kn(wi. charit￿sthe rrusiee5are careful ro lake ￿rSOnal refer￿eS or to carry wr detailed InsrÉctiw and irnemew. The irusiees are ￿tIsfIed [￿￿[ r15k of mi5applicaiion s ltrrt. The rrust&s have (rilica￿ty eyJtnined Iheif coriduci and compa￿￿ thÈmsetr¢es Y4th oihergrani fflaking charitiesand cOns￿er that Iheir cwducr ofthe charllysaffairsc￿tin￿Slo beacTht ar inntyative and the risk of pcm management Is l(H. The trusr&sconfirm Ihai all rnajor ri5kshhe r￿ley￿0 a[￿ thai procedures hknfft been established to Tnanage those risks. OBlEcr￿NjmS￿AOAcT1￿TllF5 The and almsoftsR C The obj.ea of rhe ckkirny isthe educat￿￿ and adwanceTnern in lrfe people U[￿eT Ihe age of 25 years who are In need Df assistance 50 a5 to dwelop rFir phyS￿al. mental and 5pirnual (apaciriesso thai they rnay growto full maturityas indmduals and mernbers of society. wirh a prefererKe for rhose ¥YkK>. ihe opinion of the Irustee5. are In need of help by reason of being ieryorarity or pErmanenity of norrTh31 parenial <areorwho are therMse di5ad¥antaged. The Truxees h¥e resow 10 frnit ItrEir LrEficiars roywng pecplewh) f￿ Essex ar¥J the other lor￿on Borwghs to Ihe e3sr of the rwer Lea. RelLM ofthe d&￿0p[r￿Math￿eS3nd achknmw The charity Is well kn(Mn in Essex ar¥J ouier Lwdon. ￿ number ano quality of grani applitsrions are 5ufficienr rD disrribuie a prudent amount of In￿eY in ￿(ordanCewlth irs object 3Th1 the Charity Cornnr5yorf5 guidance public benefft. The Irusieesaw3rd gran￿Wh￿h faKwr LvEfKi3rEs rha( dwekPy￿ng peop1¥5 fvical rnental and spiritual capaC￿e5 through acrwe p8rricipaiion In sportsand indoor and widwr a¢rMties. ￿ 8 re5uli ittey are parEicularty Suppo￿l¥e of youth club5 and other or8anisaiionswhth pr(NK5e facili[￿5 foryoun8 people 10 takeacinfe parl in an a$sor￿ent of actrliiies as well s single acirrfity org8nisat10￿. The total incorrE ofrhe Erusrwas E88.L￿%AnnL￿l gr￿15(0 Ins[￿uDorts of£145.1W ￿￿e ￿1￿ dufmgThÈyear. In additim. the trustees recepd some 42 applicaiions. 37 of Ihese Ytre agreed 3 vlere declined and 2 were deferred. with a r0131 commirmeni for perirAI of £157.287. The 37 agreed appliiations represern one-off apPI￿allOnS. C￿￿rty is dependent upon Ihevdunrary5enrices offÈrÈd ty itsiruslees. There are nopaid emptyes. ACHIEVEMENfsAND PERFofthiANfE The chartys end(AsTh￿r 15 Invested in CCLA bank depoyrs. LJK Grp4ernmenT Born1s in If ies Property Fund ro gener8te income and io maintain atyj Increase the value of thè ￿r￿0V￿￿nl In April 2022 after takingadvKe and co1￿￿￿eringthe matter carefulty. decKJed to change [tr￿ itY4e5ttnenr PDlicy 10 10131 reiur which meansihe Investtnenr adviser is free to Inbesr incompanies syhich do not necessari￿ pr(M(Je much inco￿￿ but do prowde 5ub5tantial capiralgr(WEh.

ESsee inten1e4￿cl at lea￿ annUal￿s0 rhat informal decisions can be made 35 to Ibe èmwni ihaican ￿ ex￿e0 ongranrs. The net Incon* 50 getEraied isavaiL3ble for distribur￿ asgranr An unrealised Ipat*nloss of £13&(X)I Iwsartsen thjfngiheyear. Thus at 31 March 2025 rhe trustee5 hwe Wff￿1en[ assels knla1L4t￿etO f¥￿illhe Obl￿a[￿S of the Iharty. PU8UC BENEFtT The irustees conyder the ChartyCrThrni59(rf5suxJarKe on pU￿1C ￿￿efft wTr￿n a8rewn8w declining each grant during Ihe trusteeg meerin8S. I the charitys aamt￿S frKuson the d￿￿0p￿tntOfY0uTrg people5pty5icaL mental and spintuèl capacities rhrough attNe participation in 5porEsand IndDDr arKI outdoor a(rNities. ThE aenefitSyOUn8 people bydeveloping rheir self-confidence. social ski115 and life S￿1&. The (hariry%¥ek0r￿ grant applica11￿51￿ behaff ofallY￿Og peLyle regard￿$5 of personal backgf(xJnd. fath. gerider or personal circuryÉiance& Special con5iLleraiion iSEwen io It￿se aPKliant5who. in the opinion of ihÈ trustees. are in need of help by reas￿ of beingdeprNed of tx)rrTwI ￿rental care orwh03￿ ￿he[%￿lse disa¢vènraged_ All gr8ntS8pprove(J bythe trustees further the ch3ritys charirable wrpD5e5 fty be ￿NANC￿L REWEW Whi151 the chartys wdLw4ment 6 ofa &gnificani surn at¥J nsincome ssuffiowt to require an independent audit and Ihe preparation of accounts in the f(Kmai required lyjlhe CharsDe5SORP IFRS 102). rt isa simple operation. Reser The trustee¥ reserye5 Oicj èk75 ￿en rLMehtd il Y￿5 (Je(éed thai ihe te*rvewas Unnecessari￿ high and Ir has been reduced and nowsiandsai £￿.[￿. The obRcrs of rhe reserve are first to be In a posirion to make a 5ub5tanrial grant to a projett which the Irustee5 considerto be parrlcukrtyappri¥rk￿È and Sec￿￿￿￿t0 provide irustee5 With flexibility 50 Ihey (lo nor hafft lo￿￿ere rEi(JtytOlheir ￿dget. IrThtAments The rw*eel irwesiment poliry has been 10 Inve￿ the fund5 In hands of Invesi￿nE ￿VisOrS In accordènce WlEh Ics prediaion& AS detailed at 4 ab(Ne the tru51ees n￿lnVestthe trkip?rity¢fthe chanws fuThYs on a twl retum basisand conrinue ro imest In che Chariiies Property Fund. TheTrusteeg in the past andwl do so inthe tuwre mako loarsto thar￿@S ¥tho quah"fyfor a grant. The obiett of making a I¢￿n rather than a grant ￿ 10 enableihe charrtyto raise addli0￿[ fur*5 Wlthout re50rting to a cofftmercial lender and 10 encourage Ihe charityto raise fUr￿S rr4erThe Iwg tertn ro repay the loan. The irusiee5 tnay In rhe furure turn (he amouni outstanding urKlerthe ILkin into a8rarn. The loansare aw interest tree. PLANS FOR FL￿uRE PEfdoDS The tru5tee¥ plan to£oniinue ro rrkike E[an￿3$ before arKt toacip4etyenc(MJrage ihe Oe4*lopmeni of The principal recipienr organi5aiws 10 delwer rheir charKaLAe objcYiNes ro pr¢MtJe nyjre benefffsio a greater numberof benef￿13r1eS. No fundsare hel(J a5 Cusrodian Iru5ree w iEhaWofo[￿r charffie>

ESSExY0L￿ryRuST 4EPtsgT OFTH=IliJfE£S' ￿￿T￿E￿EN[)ED3l 2025 5rATEmENT(Ff￿EES'RE5FK￿45*wd k¢. -,he D-.£4Ptlil[.- Is'.het..JS5￿%HrV awar+" 4oLVil¥eiJ k,. rye ￿T¢ IA IpLiJep& c.

ESSEXYOUTH TRU INDEPENDEMfAUDJTOR5 REPORT TOTHE MEMBERS OF EfjSEXYOUTH TRU FOR THEYEAR ENDED 31 WH 2025 Oplnlon We h8ve audiEeLf the financN41 siarement5 of Essex Youth Tru￿ IilE 'ItK4riWI for the year ended 31 March 2025 which cotnprise the 518temÈnt uf FinancK41 Aciwilies the Balance S￿l the Staietneni of Cash FI￿ and the r@￿ed noie5. including a sumtnary of significan( accourning policies. The finawal ￿[M)rting franThDrk ihat has been appl￿￿ In their preparation is applicable law and United ￿ngdOrn Accounting StanOard& i￿ludIng Financial Reporring Siandard 102 The Financial ReKKirtin8 Srandard applicable in the UK and Rewblic of Ireiind. (United KingdoKn Gener81ty Accepied Accouniing Practice). The financial ￿￿[eMentS h￿ bew prepared In accorOatKe wrfih Acc￿nE1n8 and Reporiing ty Charities preparing Iheir ccwnrs In accordance the Financi41 RerK)rring Standards arplicablo Iri rhe UK and Republic of Ireland IFRS 1021 In preference to Ehe Accounring and Reporring by CharKcies". Staiernenr of Recotntnende¢J Praaice i55ued on l April 2Ck)5 véhich is referred to in the exEanr re8uLatrcffis bur fos %wttxJra Thi5 hè5 been done In order for the 2ccounrs ro pro¥￿e a itye aTwJ fair in accordance wirh rhe Generally Accepred Accounting Pracrice effeaive fu rerx)rting period5 beginning w or after I january 201S In Ouropini￿ the financk41 staieffents.. gwe a rrue and fair wew of the State of the chariws affatys as a 31 March 2025 and of lis Incoming resources and application of reswrces forthe year Ihen ended.. have been property prepared inaciordarKe %Mrh United ￿ngd￿n GenerallyAccepre¢lAc£ouniing Praciice.. and have been prepared inacc￿￿&Ke the requirenErn50f the CNHrniesAct 2011. "sfcf oplnw)n We conducted our ￿diE In accordanie wrth InternatlOTkil StsTrYar¢ts on Audling IUKI Ilkn IUK)l and appliiable ￿¥￿. Our responsibilities under rh05e %an(Jards are funlEr described In rhe ￿dItorS. respon51bilifies for the audit of ihe financial SE3remenrs 5e(cion of report. We are independeni of ihe charity In acCord8￿e wnh the erhic21 reouirernenis thèt a relevant ro our audii of rhe finanii41 StsEemÈnt5 in the Uniied KingdLNn. including Ihe Financial Reporting Council'5 Eihical Standard. and Y4e have fulfilled ￿hÈr erhical re5pMbilrtie5 In accor1¥ar￿￿ ￿[h ihe5e reqUI￿r[￿rIt5. We belEve rhat ihe audir evidence we h￿e ob(aiTEd ￿ ￿fficen[ar￿I appropre ro prwde a bass forourLFinion. COnd￿Or￿ rekfjn8togc¥ngtorKern In auditing tre firBnc￿lI 518temens have (￿c￿¢je¢ ttrkat the use &the going (¢￿cern basis of accounting in the pre￿ratiOn of Ihe fil￿n[la1 staiements s approprkate Based on the ¥vwk we have perfLYtne(J. we have identified any maler￿1 u￿ertainl1e5 ieL41inE ro wents or condirions Ih8t. Individual￿ or colleui¥ely. trw cést sgnificanr dojbi on Ihe CNirity'5 abilEy 10 conrinue as a 8oiri8 concern for 3 period of ai leasi ￿e￿e rnonthsfromwhen rhe financ%3lstarerTnt5are auth¢Yse£l for ￿SUe_ Our r￿ponsIbIl￿1es the rÈsponybiliiEs of the Tru5ree5 respea to g(yng concem are described In (he relevant sectlOn5 ofthis reporr. (her InfOnna￿On The otTr￿r Informarion Comprises rFE Inforry%aI￿ IrKIL￿e0 in the Annual Repon OEher ihan the financol staiements and our Auditors. Reporr Ehere￿. The Trustees are resp(￿SIb￿ for oiher informaiion corTriBined wrhin the Annual Repon Our Lyinion on the financk41 s13tefflenis does rK)r coverihe otfr nf(￿rnatiOn and except 10 Ehe exreni Olherv4ise explicitty stared in our reporr. we do rbor expre55 any form of assurance (￿(￿j510￿ thefeon Our reSp￿sIbIlity Is to read the orher inforrnarion and. in doing so. cw9der vtherhÈr rhe otlEr ￿f0￿r[￿7fI0n 15 Mater￿1￿ irKonsisrÈnt ihe financial 5ts1emÈnE5 or our knowledge obi8ined in the CCXJfse of the audit u other¥)5e appears ro be tTh)ier&31ty rnissiaied. If we ideniify such m8terial inconsisiencie5 or apparent [￿ater￿1 misstaietneni& we are requi￿ ro dÈiertnine wlEther rhis gives r15e 10 a m8rÈrial mis5rateffnr in the fina￿k)I Yale[r￿[S lhetn5e￿eS If. based ￿ (he work we perfortned. we conclude Ettat there isa maierial missièie￿￿nt of Ih6 oiher informaith. *Eare r&]uired 10 rewrr rhèr fa(t. We have noihing 10 report in thi5 regard_

ESSEXYOLrrHTRUST INDEPENDE￿AuDrrO￿5 REPO TOTHE MEMBERS OF ESSEXYOUTH TRusficoNnNUEDI FOR THE YEARENDED31 ￿ 2025 Matters onwNch are requ1￿ to rerth tyexception We have nothing 10 report in respect of ihe fo1khMng mauefs where Ihe Charcies IAccounts aThJ Repor￿) Regulations 2008 require5 US to report ioyou if. in wr Opini￿.. the informaiiongNen in rheTrusree5' Reporr 15 I￿On$1￿eThI In anynyterk?I resrwtwilh the financk3151aterneni% or sufficient accountin8 records have been kepi." or the financk31 sEa[emen￿are noi in agreetnern %Mrh [￿a(c￿nEIng recordsaThl retums or we have not receNed all the inforTvwrion atwj expk3riatiNs we require for ￿raudiL Respon4bllrde50f truee5 As expL4ined rmre fulty in the Tru5tees' P£sp(¥wbillles Srarern￿ the Trustee5 are resFon5iNe fu the pre￿ratIOn of the finèncial S18teMen￿ which give a true and fair ¥Ew. ar￿ for wch Internal conirol ès Ihe Trusiees determine is rnQCe￿ry to enable rhe preparation of f￿n6￿c￿l staretnen151hai are freÈ fr(xn m3fefo1 misS￿remenT. ¥vhetherdue to fraud or error. In preparing the finèr￿￿￿4 stsiem￿t5. Ihe Trustee5 are reSFW5ib￿ fty assessing Ihe C￿Orry$ ability (o corninue as a going concern. dis(losin& as appI￿atrIe. mariers relaied To going (￿Cern and using ihe going COTKern ba51s of aciounting unless Ihe Trustees either intend to liuxjare rfe cror￿yor tocea5ewation& or no reali5tc alterTh4tive butio doso. Audftorg resp)r￿bI1￿5ft{ the audit fi￿n01 statem We have been appointed as audr(or under 144 of the Charities ki 2011 an(J report in ¥cordance ￿ry[￿ Acr an relevant rewlations rnade or ￿Ing effKt tkErwnder. Our obleaD￿5 8re 10 obtain reasonab￿ a59Jrance abwi whaher the financial sraiertEnt5 a5 a whde are free frotn ttEteri61 missièrement. sYhetfr (sue 10 frau¢J or erTor. and 10 159Je an ￿j￿1[Or5. RepDn ihat IrKludes our opinion. Reasonab assurance is a high Iwel o18ssurance. is not a g￿rantee th31 an audil CO[￿ulled In accordanie with ISAS IUKI will a￿ayS dereci a materEI mi55rarement whern o exiyg misstatemen￿ can arise frorn fraud or error ancs are torsiderÈd maierol rf. individually or in Ihe aggregaie. could reaS(￿bty be exKecred 10 Snfiue￿e the eCCnom￿ ¢Jecsior6 of urs raken on ihe basisof Ihese financk31 staiÈmen Irregulariiie5. Induding fraud. are Instances of non<0[n￿￿1￿(e wirh kns and regularions. We 0￿18￿ prLKeLlure5 In line with our re5pon51bilities outlined above. to deiea mater￿1 tn55taement5 in respect of Irregu￿r￿leS. Iniluding fraud. The exieni 10 hich our proC￿￿feSare capable of detecting irreguL4ritie5. irKlu(fing fraud 15detai￿ Identyng and as5e5sing ri￿ rdated to IrrEgU￿ri￿ In Identif￿"n8a￿￿ a5se5yn8 rL5ks ofmaterial tnis5rate￿nr in re5pe(t of ￿[egUlar￿les. indudingfraud a￿j ronc0mp1￿nce wilh law5 and re8ulaiiw&E [￿sIde[ell thef￿k￿￿n8'. The nature of ihe chafityand sector. control e￿r0￿nenC perfOr￿￿T￿e nckndng desrgn ofthe pcAicies and pprfortnarKe 13rgers. Resulis of our Ènquiries ofmanagemeni. Any matters we identified hawng Obts1￿ aTrJ re￿￿￿the enDty5dc<umentstion oftheir p￿cleS and prrKedu Identifying waluating ancl C(Npp￿ng5th a￿j regulaT￿San¢Sw￿e￿hef managemenrwere aware ofany in*ance5 of non-cotnthianie. Deieiting anLI respo1￿Ing iothe risks offTaA and whettErrnanagwnent ha¥e kTr￿￿edge ofarry actual. ￿spe￿e￿ or alleged fraud. The Iniern61 contro15e5rablished ro t￿￿18ale r6k50f fraud or non-CLvnpliance Mth law5 and regularions and The twiter5 d15cussed 3mongthe audit wgagetrEnt team where traud might occur In financial sraiements and any porential indicaiors of fraud. It is common with all aLKJns un￿rI￿$(UKX ￿are a150 requir￿ ioperforffl sp￿￿1( proceduresto respond to the risk of managemeni overrKYe_

ESSC<YOLITH TRUST INDEPENDENfAUDrroRS REPORT TOTHE MEMBERSOF ESSExYoufH TRU5ficoMnNUEDI FOR THE YEAR ENDED 31 MhACH 2025 We also obtained an understandingof Ihe legal atQ re8ukrory frameworks rhai the eniity operare5 in. focusing OTI prov1510ns of rhase laws and feguL31ionsEhai hao a direit effect on the (JeterTninatW Df tnaierkil atnounts and d15closures In the financial sEaremÉnis. In addiiion. sve considered pr(Msions of oiher law5 and regulations Ihat do noi have a direct effect on rhe financia1 statemenrs but compl￿n(e￿thWhKh rnaybe fundatrEn(al to Ihe eniitys abilityio operatr. dr( resply￿e to rlsks idenJfied Asa re5ulr of perfortnin8iheatKNe (xjr proCedU￿S 10 res￿nd io nsks ￿eNIfIed ir￿￿￿e0 Ihe Idlcwing." Rewewng the finan(kil staierrEni d6c105ures and ie5fin8 rosupporring documentarion io a55e55 compliance wilh provisions of relÈwani and regukDon5 de5cl￿e& as twing a direct effe(t on ihefitkitKial atement Enquifing of Manage￿￿01. Performing anawical procedure5 to iLleni"fy anyunu5ual LY unexpected relaiiwships thai tryay indiiate risk5 of material missiaEement due 10 fraud. Rèading minutes of meetings Oft￿Se charged I￿[￿g￿Mance. In 8ddressing Ehe risk of fraud Ihr(MJgh management 0%￿rr￿e ofcontrols testingiheappropriareness ofi￿rnal eniries and OEhÈr adjusrrrÉnis Assessing w1￿[￿er t￿ludgeMen￿ made in maknngacccxjnii￿￿sl1M￿￿Sare indK3tweof a potentkil bas.. and evaluaiingthe rationafe of any wfficanitranS￿tionsthatare uTrJgJalor ￿11￿1@ the n(mW c(x)dutt of the charity5 8lfairsand A5 Part of8S5essing re￿nt coniro&.we s￿Igh[ to gain an understanding of Ihe impaci Ihai COMD-19 and remote working had on the nure arKd operaiion ofihose coThro6. to inform wr fskassessmeni and £oncluyw5 on their effectDEnes5. We also£0m￿mIni[ated rdÉYant Nleniified Lkns and reguLati￿SaTh1 rM)Tenr&41 fr￿d r￿ toall engagemeni teatn tnernbers an(J remained a￿rt roary I￿licatIOnS offraud or ￿n<0m￿%4r￿e￿7lh Lknsanty reguL3rK)nsihrDU8hourihe audit. There are inherent Iimitaiions in the aud￿ pr(Kedures described above ènd Ihe further ￿e￿K￿e￿I nDn.compliancÈ with law5 and reguL41ions is from Ihe even￿ and Iransxri¢y)s reflecEed in ihe fMaTKial sraiement5. the less likely vée would becoffle av4are of It. Aso. Ihe rL%k of noi detecEing a Trierkil mi55raretnern due 10 fraud Is higher tk4an Ihe risk of nor deieciing OTie from error. aslraud w Invts deliberate cotKealrTwr ty. foT ekitnple. forgery or Intenti￿31 misrepresentariorn orthrou8h cdlusion. A further tlescripDon of our ￿5￿)n￿bIlitIeS for the aLKtrt of ihe financ411 staterrnts s located on ihe Financ￿1 Reporting Council's ¥vebsitear. vAwi.frc.org.uklaudnowe5ponsibilitie5.ThiSdestript￿D fomis ￿r[ of ourAudnor5' Reporr. Use ofc*Jr Thi5 reporr 15 made sotety to the char"w trustees as a tK#ty. in a(crKéance wrth Part 4 of the Charities (Aciounis and Report51 Re8ulaiion5 20(￿. Our auditwork been uThYÈnaken $0 rhai we ¥nigM 5raieiothe charity's Ifustees those marters we are required to 51ate to t￿rn in an Audirors. Reporr for no orher purpose. To Ihe fUl￿sE exieni per￿￿ted by k7w. we do not accept or assume responsitAlity ro other IFwn Ihe cIwinyar￿ its trustees asa t￿y. for our audit work, for this report. or for the opinionswe h e fortned. T) 4 (d Po4 Senior Sr8tuioryAudiror A5hings Limiied (harEered Acc￿￿13n￿ 518ruiory Audiior Norrh51de House Mouni Pleasant Barnet EN4 9EB Oaie-. 23(IL12< Ashing5 Limited. Chartered kcwnEantsare elrditA2 toatt as ￿￿￿or5 in terms 0fseCD￿ 1212 ofthe Companies Aa 2006.

ATEmE￿OF￿￿￿A￿ThES ONCWDING INCOMEAND EXPENDrruREACCOU FCfiTHEIEk ENDED 31 KIARCH 2025 UnrestyK¢ed Pernynent IrKomE End(yhThent Fund5 AJnd5 2025 2025 Totsl Funds T¢xal Fund5 2025 2024 Income and end¢JwTntsfrcfft Inve51tnent incotne.. - The Charilses Property Fund - Gr05s inrerest 84.677 3.388 84.677 3.388 109.497 .818 Total 5￿Me 88.065 88.065 112.315 Expend￿Ure ￿.. Raising funds- itYvertEni matyrfees Charitable actfvifies- grants wable Otherexpenditure 75.924 301927 16.378 75.924 302.927 16.378 74.341 291,897 16.468 12. Totsl expenditure 395.229 395.229 382,706 Net8aingOossts) on ir￿ents reèliseo Un￿alISed 89.413 1138.ffl11 89.413 71.035 754.135 Tcal net8arng0oss&￿ 148.5881 148.5881 825.170 Net Income and net rnr￿lrent In ftjnds (307.1641 (4&5881 55.7521 554.779 RecO￿l￿¢10N offvnd Toril funds brought forward 1324.3 9.761.776 9.437,386 &882.607 T¢Xalfund5carried foThRrd 1631.5541 9.713.188 9.081.634 9.437.386 All incon* expenLlwre deTNE5 fiun £ontinuing acIMt￿ There￿re no recognised gain5 and105ses oiher than those s13tÈ¢ ab(Ne. movemen￿ in fundsare dts(105ed in N￿e 9 roihe finanid Statern￿￿.

E55EXY(Kr,HTWSI ESHEEt ASAT 31 2025 CtsFrentASS•5 re&rtN5 Toi¥cThafffylunts .-(￿￿ (r. 2 3 202 71k_ 4f-QlW.

STATEhlENtOFCASH FLO￿5 FOR TH£YEAR ENDED 31 MARCH 2025 2025 2024 cash fl￿frorn operating a(Inriues 1315.777> 1305.2681 Cash fl(ws from invesiingaawies.. Dividends from investrr*nis Invesrmenr manager fee5 Proceeds from sale of irNestments Pufch85e of Investmenis 84.677 (15.9241 285.235 109.497 174.3411 265.506 Net Cash priwideé ty irNestirydatthpirEs 293.988 3N.662 Net decrease in cash and cash equ￿￿￿5 121.7891 14.6061 Cash and cash equNalenisa ihe W"mirÉ of ttr￿ year 123.039 127,645 Cash and cash equr4a5enrsai the endoftheyear 101,250 123.039 11

NOTESTO THE RNAN￿ ￿ATEmENTs FfMtTHEVEAR ENDED 31 MARCH 2025 PrintipalaccoJnDng poldes Ger￿ra1 ar￿ bass of prerwafj The chèrity con￿1￿uLe$& public berLefiL enLltyas dÈfined FRS 102. The finartcial statements have been prepared in accordance ¥iih A(c￿n11ng8nd Reporting ty Cnariiies." Staieinern of RecommendeLI PracEice applicable to char￿leS prepariryg their 8tcount5 inaccordance ihe FinatKial Repooingsrandard applicable In ihe UK and Republic of IreL3nd IFRS 1021 ￿Ued on l6ju￿20l4. rhe Kinancièl Rewrting Standard appItsb￿ pn the Unired ￿ngdOM a￿1 Rewblic of Ireknd (FR5 1021 and the CharciesAa 2011. ThÈ fin•cial staiernentsare ryeparetlon a 8ill8 COtKem basisunder rhe historical cosrconvention in erling ¥vhich is the funcT￿nalCUrrerncY ofihe charity. The ygnificani accounting WKies apKAied in Ihe preparat￿ of Ihese financ￿1 statetTEnt5 are seE OUI below. These wlicÉs ha¥t bn con51Stenttyappled ro all years presented unle55 Otherwise sraied. (bl Investmwt in1off￿ ts accfxJnteLI for in t1￿ in whKh ttrE charity isentoled to receipt. 1¢ Expenditure Is ncluded on an a£cruaÉ basy CharitaNe expenditure on grantscomprisesthe c05t of thetharivs cornmffrnent togrant5 arrKoved in the year. as descrittd in the Tru51eegAnnual Report. Noie I I ID rhe5e aicounTS dwails the recipient5 of rhe grants The sha￿S ana ￿CUrI[1Ès deiaileu in note 12 10 accwntsand the inV￿Tnen[ In rhe Charrtie5 Proppny Fund are included at r[￿rket value ar Ihe balance date. ArKy unrealisod gaiFI or loss ar￿Ing from ￿TK￿rnen[S in share prKe5 5 feflecled in rhe SMetrni of FIna￿kil Aawrties. Realised galns and Icsse5 I goi[￿ ano lossÈs are rKo8n,'sed In Ihe STaeftEnt of Fin3ncthlACCMlie5 as thtyari5e. Realised gains and I￿se5 are calculared as rhe difference betW&n5a￿ proceets and ihe marker Value at the beginning ofthe accwniing I￿r(haSe date if kierl Fund5 The endowment fund represents Ihosea55ers%%fiich musr behelLJ permanenity ty rhe charity. These (Otnprise the Invesirnent5 detaI￿d IrTr n￿e 6. Inco￿ ariwng on the endowment fund can used in a£iordance v4ith the objeclsofihe ctrwrityand s in(bJdeO as unr@srricted [r￿on. Anygairs ty1055es rising on the irNe5ttnents form part ofthe fund. Unrestritted fiJnds comprse int￿￿ frorn thÈ clwiLYs irfftstments(the endwnent fijndlwhich the trusEees are free 10 use Ina(corda￿e ￿1h Ihe£>p£ts clrhecharity. GoingC%xcem Thè financial siaEÉment5 h￿e been p￿pareLI ￿ a gting [w￿rn bagsa51he Irusree5 believe thar no maierkil urKertaintie5 exist. The irusrees Iwe ccffjsidered rhe I￿e1 of fvnds ￿1￿ and the experrecl level of income anLt expendiwre 72 monihs froffl auihorising Ihe5e fmanckil stareffen15. The budgeted income and expwditure is ￿ffiCEn[With Ihe lebEI of resefwes for ihe chèrityio be ab￿ ro continue as a going concern. (h) Trade antt oihor debt(K5are recogri5e£l at the settèrrnt am￿n[￿ve. Creditor5 and prtr41SiOn5 are recognised %*here Ihe charity has a present oblgaiion rewlring from 8 past nt thai wll probabty re￿1[ in rhe transfer of fiJn(J510 è third tkirtyand Iheam￿n[ due toSet1￿ the obligation can be tnea5ured or e5DfTklted relk3bty. 12

NOTESTOTHE RNANCLALSFATEMENTS FOR THE YEhRENDED31 MIACH 2025 Trusteeg re￿nerati(¥) No Iiusiee nor 8ny person connecte Dividends recewed frotn in￿￿[rE￿5 Decre3sÈ In debrtys Incre3se Incr￿￿or$ Q55.7521 189.4131 138.wl 75,924 (84.67 554.779 171.0351 1754.1351 74.341 1109.4971 335 700 Nei cash ouffl(M from operaiingacimiies 1315.7771 1305,2681 13

NOTESTOTHE ANANCLALSTATEMENT5 FOR THEYENAENOED 31 MARCH 2025 2025 2024 The Charities Property Funcl CCLA- Management fees 10.689 65235 8.835 65,506 75,924 74.341 2025 2024 The Chariiies Property Fund 17.46 1,565.980 16.47 1.532,310 CCLA in¥esrrtEnts'. 82.54 7.401.692 83.53 7.769,185 100.00 &967.672 100 00 9.301.495 SharesaThSseoJithe5-rnCP4Ern In5*ar Market value at l April 2024aThJ 1 Awil 2023 Additions DISpo￿lS UnrÈèltsed ga1[￿[1055) 7.769.185 7.118.651 1195.8221 1191.4711 845.005 Market value ai 31 March 2025a￿ 31 March 2024 7.401.692 7.769.185 14

NOTESTOTHE RNANCWLSfAIEME￿rS FOR THE YEAR ENDED 31 W 2025 2025 2024 The Chartties PropertyF￿d-1rThpI￿ in￿r Market vèlue ar 1 April 2023and I ￿11 2022 Unrealised I￿5 1.532.310 33.670 1,623.180 190.8701 Markeivalue ai 31 March 2024aTr$ 31 Maich 2023 1.565.980 1.532.310 2025 2024 Accrued Income 18.947 18.753 2025 2024 Creditor5dueth Accrued expense5 6.235 5.900 Mfftrr*ntlnfiMd5fortheflna￿￿￿r Tot31 Balance at 1 April 2024 Muvemenr in fiJTh1s for ￿ar 1324.3 1307.1641 9.761.T16 148.5881 9.437,386 1335.7521 8alance ai 31 March 2025 1631.5541 9.713.188 9.101.634 Conssring of.. Fixed asset InvesctrEnts Current a55e 8.967.672 74S516 8.967.672 120.197 16.2351 (625.3191 162351 1631.5541 9.713.188 9.101,634 15

NOTESTOTHE ￿ATEmE￿r5 FOR THE YEARENDED 31 PA4RCH 2025 10. Trdnsaaions%•ith rektd Parrie5 Gepps so1￿1[0￿5 LLP. of ¥Yhich the Clerk K41 J P 0w8i75-PJg￿ wasa panrer. pr￿V￿d trwnagemenrservices ro Ihe rru5r up ro December 2022 as Ser LMJI in note 3. From Decerrrt)er 2022 otw4ards Mri p DougL3s-Hughes has Sole￿ pr(NlQted management serV￿e5 10 the Iru%. Details ofgrant5 paid to rekited charli￿anL1 the rek[L￿Ip To the tru5tare ser in nore I l ofthese accoun Grants Paid and Payablets￿)ar eTrJed 31 Marth 2025 Irsotution Relaty(xthiptothe Grant made Essex Brry¥and &rlgOJbs I.P. DoJEla5-Hughes is chairrnanand M.1. L¥er SIA Foshare rru&ees 58.8 Cirdan Sailing Trusr J.P. Dwgla5-Hughesi5TrusTee 52.5 Norrh Avenue Y(uih Cernre 22.027 Chain React￿￿ Thearre Compary M.J. Ltyer Ischaim￿Tr 17.OC(I Lambourne Encl 10.0( Orwiston FamilE5 10,C¥)) Ab Phab Youth Club 10.0(M) ayesbrook Park S(hool 14.om T94.327 Oiher8rants 108.6( 302,927 All grant5 paé during the year mei the ot)jectives ofEhe charity by educating and advanring the live5 of young F￿pIe. In Drder to develop their physical. menral and 5pirffual capaC￿e$. The total"othergraniris made up of 29 donat￿￿5. each below £10.000 8nd were not paiLI to rekred ￿artieS and therefore nor been anafvd in rh6 note. 16

I IlY-