Charity Resi5tAtion No. NIC 105711 Company Reglstratlon Mo. N￿274￿6 (Northern Irelandl THE BYfES PROJECT DIRECTORS. REPORT AND FINANCIAL STATEPAEfr¥rs FOR IHE YEAR ENDED 31 MARCH 2025 THE BYfES PROJECT CONTENTS Charily reference and adm￿lStratiVe detals Directors, ReFK)rt Indepwdent auditcffice and prfncipal office 297 Antrim Road N8wiownabbey NDrlhem Ireland BT36 SEG Independent Audktor Johnston K￿n￿Y tFK Ch¥tered Accountsnts Reg51ered Auditor5 10 Pikjts View Her￿ Road Belfast BT3 9LE Bankers Bank of ITel￿d Belfast Civ BraKh 4_ 8 HI￿ Str991 Belfast BTI 2BA THE BYfES PROJECT DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Th8 Truste85, who are (h'reclor5 for the PIWP￿ ol cOrn￿nY law. pr8sent Iher annual r8prrt 1¢y￿￿er￿7th lh8 audited [inar￿181 slaternents of Ihe thaiity forthe yea. ended 31 Mwch 2025. The trustee5 have adopted the provision5 of Ihe Staternent of Rewrnmend811 Practico ISORP)'Aco)unb'n9 and R91ub'ng by Charibes" IFRS 1021 in preparing the 8nnual report and linanual stateff￿n(S of Lhe charty- Dlrectors Th6 followThJ directors have hdd ofkè since 1 WI 2024 (Lwkns sta18dl. Ben Carter Ichairl Andrea M¢Loughlin IVice4hairl Ed Axon Ciaran Connolty Neil Cooke Anrlrew Hamilton Stephen Murray Jill ￿Ck￿n (Reswwed 26 Noverrt)er20241 IR&si￿ed 26 Nov•n*)er 20241 Derek Browne Adrian Srnyth IApro*iled 31 August 20251 (Wled 14 May 20241 Directors. interests None of the directors cl the Company h8hJ a b8nefi£xal interest in th8 asseLS the CLvnpany. Th8r6 were no emolum8nts paid to dr8Ctors during the cuThent yew. OY8clors did not dairn anrf expen5e5 durirYJ 1he (yJrr8nt year In their wacity a5 directo￿. Chl•f Exècutlvo Offlc4r Since Apnl 2021 the Chiel EXe￿Il¥e Officer. know) as the Ch*f Exe￿tIve Olfiw and C(mpany se¢￿tary. has been Stephen Dallas. Structurè. go￿rnan￿ and managwn•nt The Bytes Projea is a cornpany limited t>y guar￿￿￿e. inc￿￿)￿dted on 2B Armil 1g93. and re9Ster8d wth the Charity Commission Northern IrelarKI cffi 21 September 2016. M s govemee uThler the ￿rnpany s Mernoran(lJm and Arbde5 of Assw81ion. Gtsvem8nce i% ex￿¢1$e0 by ihe Tiusiees. who v(duntsrity ts)ntribute sernorexperien￿ from C(mM￿Ce. ndusty. ovil Servi￿. acajernia, and communih servi￿. New Dir￿L0￿ are EypK¥nted folkning an assesstnent process and re￿1¥ inducbon on the Strategic ￿an armt ffinawKial act￿lbe5. Public Benefit stste￿￿￿t Tl)¥ diarity b b¥n¥ficiari¥s artr cl)kJi¥n al￿ Y(￿n9 KwfÉT- Pub￿¢ L*n*fil is d8iiionsiraltsYJ Ilirough ￿cnI8$*>j kiw)wl*O9tI. skills, (walffications and etnpk>yaknlty", strengthened sdfesleem an¢ confidence". and itnprDved progres5K)n into educat'on. training 8nd empk)ytnwt. Ewdencp ofthese be￿fits inthdes". • Attendance at Youth Hubs lunique pa*cipants and averageweekly rethl. Cornpletion and feedback frorn txogramtne5 accredited leamiry. Complgtion of creative t8chrM)logy pro1￿ and p*tic1pantfeedb￿k. THE BYfES PROJECT DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Prfn¢lpal Oblecllves and Actlvltks The Charity's Objects are the follo￿n9-. to a¢vanTr education by ￿0vId1￿j basic trairmng in Inf￿matIOn lechn¢Yogy. video and audio [￿odUCtion, e￿¢triCal and methanicAI d8sign marKrfactur8 and related activib.es io persons ag8d 14-25 vtho have liiue or rK) fomial educatK)n waliffitabons Ihewfter referred to as trainees) and li part￿￿1¥.. to enable ¢hildren and young Jeopk lo develop a sense of achievement and self*steem and to en¢oura9e and support Ihem l(y*ards employment arn1 educational opportun￿"es". to provide ba&¢training in JigiTal iecnnoioyy an¢ vrtyk ¢0 ￿(Ju¢e the thgital dwwje in Nl." prov￿9 fygi￿al suKwt to other chanlies delivaring youth seNc8s for thè bènefit of chikyr￿) al￿ ytsung pèople by provKlitvJ regional support. The support will IDCUS on curriculurn, wotkforce devekjptnenl. goverrLance and represents￿"0n. Strategy Our vision and missk)n a￿.. Vlsion I Purpose: Young peoFAe IT￿5￿￿[n V4Y)rfd g(KMI. Mission: Each year we i%ill erwre Ihat over 3,(MK) young ￿Ople acce55 dwJital technokjgy in wmrnunthes of promisè. Our rEw strategy from 2021-24 has na￿Ed fow Ixlar5 to drive our 4rrk: Youth Voice Youth Empathy Digital Youth Hace5 In April 2023. we refiTr￿ 1hem to: YOU￿ Empowerm8nt Youkn EmpbyrrÉni and Digital Ywth EMpa￿Y These Ihemes shape t￿$ report. the rext ￿na￿l* Bytes will release a rwi stfdtegy 2025￿). Achievements and perforrnance Summary hvJhlights for the ytrar a￿ set b8krw. Youth Empow•rrnent- Local Youth Hubs North West Sperrins Background & Provision.. Two nI￿ts per wed( prows1￿ acm5s Path lJunKxslSeni(x5) and Aughabrack lJunior51SeThorsl, igned lo EA'S six thematic ar8a5 P3rticipation'. >70 thematic sessions delwered across Ihe year. .4verage weekty atterdance: Pak Juniors ~25; Park Seniors-19., Augh8brack-27. Curriculurn & Fttus.. EnM)1ional H8ath & Wellb8ng IEHW&WBI. indusK)n & g(KJd relaKJns. y￿Ath voic8 & 18adership. online safety. comThMJnity partKJpabcx). Waters•de & Faughan Background & Provision.. Local project responding to identif*d needs ￿ the Watersi(*IFaLKJhan DEAS, delivered wa structured cenlre-ba5ed work and targew pry[art￿eS. Participation.. 197 young peorle engaged1106 aged ￿13.. 91 aged 14-181 ac￿￿ 144 sessions18vtrage 10 perSesS￿l. curr￿uluM & Focus.. EHW&WB, onkn8 safety. posib¥8 p88r ieLallti￿hip$. indLtsionlsw)tyJ idat¥)ns. THE BYfES PROJECT DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Foyleslde ICItyI B8ckground & Provisicn". Multi485sion We8￿rf d8livery via th8 strand Road y￿￿th hub. P3rticipation'. &x thr98-h￿r w9@k￿ s8ssions for 14_18s. wrfh up to 100 p3rticip3nts w8gkly at pgak l%)T3124 baseling) CurrKulum & Focus.. EHW&WB linc1￿lIng RSPB ¢limate aclionl, d￿lt81 indusion, ywth leadorship." NEET support strands r￿ a￿￿$￿e hub ￿0￿$M)n. Mid Ulster & Causeway Coast and Glens Camtogher {Rurall Ba¢kgrtsund & Provi&on". F¢yJr rMght&Week atross UpperfanLts at¥J Clady hubs. Bytes East Teatn rnobilised in May 2024. consolidating rural delivery and volunleer capacty- Participat¥)n.' Av6og• w*•kly att4Th2ance". Cl*Jy Jun￿￿ -SO: Clafy S$n¥)rs-27: Upw1ands Juniors -20.. Upperlands Seniors-18. Curriculum & Focus." EHW&WB youlh yo￿. indusion. arvj online safety are lailoied to the rural conlexi," youth committees and volunteer wprK)rl are ￿nb*ed. Ballymoney l Churchlands Background & ProvisiM.' The New Ballymoney Youth Hub at SÉ&ymour Street increa3ed capacty and improv8d the YOuth-fr￿ndIY environrnent. Ddi¥Ery sp￿S centre-based. detachedloutrexh18alymoney train station. Megaw Parkl, and Ihemalrjleadership programmes. AlteThY￿¢e increase¢ fdknwirKJ Ire move". tlets¢hed1(wt￿Ch trans￿￿ts ywng people inlo structured prograThtne5. Parti¢ipaiion.' The average weekty engagemwi is over 60 yc¥Jro p￿pIe. Curriculutn & FDCU5." Mental health (exa￿ stre55. ASMR relaXab"￿. w1riti￿1fikness). Feat*ss Corffjiden￿ ptograrnme linc. bseiling the Europal. OCN L1 Yojth WLYk. sDulh leadership & vol￿teerIng Antrlm & N2wtownabbey l Mkl & East Antslm Ballyclare IA&NI Background & Provison". Bytes. hub actI￿lY evhlences reguhr develow*nt81 se55ion5 and 5takehoWer inputs IPSNIINIFRSI that u)rnplern8nt lo￿1 needs. P8rticipaiion'. Huty records show sready weekernVe¥enty orwps ￿lih on-streei ￿ cen¢re tranSrtl0￿. The average wee￿Y engagement is ovÈr 100 young pwle. Curriculum & Focus: Aib'_s(Kial behavw)w awareness. safety aThJ o)rrmunty.elalK￿* ddNered aongside generic youth Yiork. K811s (Mid & East Antriml Ba¢k9round & Provision". Open ￿$5 youth work del￿t￿d with Kdls & conr￿ Commnity Improvement Assoaation IKCCIAI. Participation.. 129 Part￿pants eryag8d. Curriculum & Focus". EHW&WB, itKIu5ionlgood rdatK)n5, online safety. youih Vc1￿lle3dership and cornrnunity par￿Cipation, plus genwic y(yJth Sessi(￿ ￿￿tl￿jty and pr(NJr￿slo￿. c￿artY delivered an underst8ndng of rural negd. THE BYfES PROJECT DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reglonal Support In 2022. By'.8s updat8d Ear. Thi5 15 the rn05t signfficant inrrèa%p In t￿.￿P typ&.* ()f p[￿r￿￿m￿.8 fr>r Bytp* *ntr&. 2021 These were significant wojects spann￿g thr88 to ewJht rrnnths. erwi￿ over 350 young peo￿￿ and worknng with sev8fdl cornrnunity-based organisatK>ns. Young peD￿e estatrAi5hed relabrm5hips, exrANed good relationship5, leamed tog8th8r. arNJ t￿c￿ne involved ￿ socia activiti8S. Our NE Hub in BalymonÈy also rtÈliverÈd the Engage prowamme. whrh wovirkd individua support for young people on U)e edge of seritsus organised cri￿e_ Youth Employment & Digitsl We were part of a su¢¢essful ¢Q7S0rrium to the UK sha￿ Prosperity Fund for an enwloyment support sycyJramme called Youth Start. The key stats5b￿ Irorn 2023 to m8￿h 2024 include.. Engagement & ac1iwty Economiczly in3Ctive yourg people eryaged wrfh 5UPPOrt se￿￿e5." 71 Supported to iniob searchirvJ'. 63 Supported lo eryage in1rf8 s￿'11s.. 43 Qualifie21￿1￿ sUPP)rted to gain- 17 lachÈved thts yearto daiÈ) Work experience parb"cipants'. 15 Receive¢ supwrt to relain emph)ymenL 6 Progression outcomes Into emplownerft lin¢l. seff-employmentl.. 25 Into eduGatK)nlltaining". 31 AdditK)nal gKand IMULTIPLY- Money Works1 THE BYfES PROJECT DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Digltal W¢ continued to stren0￿n our digital ￿tra$tA￿aur¢ and s(xyKts. Dlgltal kn¢luslon PA Foundats'(￿.. Th8 digtlal upskilling prograThrne. furKled by The PA Foundation. is desYJned to prOV￿e young people wilh the knowle(¥e and sknlls rEeded to thive in today's di9ts1 worfd. Pa￿1pant5 have leamed about various di9tal too15 and lechnologi8s throiKJh ￿'ork￿￿Op$. ￿￿nd$-￿ trainiry. and ment￿shIp. ￿ F￿ramr￿) 8Arn5 to brMJgYJ lh8 dioitsl divide and create q)t¥Jtunitses rory￿ng pe¢¥de lo excd n U)e¥ ¢are*s. Santsnder.. In 2023. we se￿red three years of fundiThJ f￿M the Santander FoUtK1al￿n to SUPFrt)rt our digital upskilliry and leadethip iTriliatNe5. The progra￿￿￿e'S etnpha515 ￿ digitd financial lrteracy enyJied that partiopan15 unders1DE￿ online transactions. doita bart<1￿. and fina￿1￿ Managem￿ tods ¢omprehengvely. Dlgltsl knfrastructure Tech S8eura is The Byt8s Proj6ct's evid8ncE-baswJ response to 1hè parsrsient digital infrastnjciure and cybetsecurity gaps facirg Northern Ireland's c(KrfflUn￿rf and voluntary sector ICVSI. Delivered tlyough s￿lar enterprise subsidiary. Byies Digrtal Innovabon Ltd. and developed V￿1h NICVA. Kero (s￿ technical p8rtnerl and RecorK>￿e Icircular economy Oevitrsl. the pibl was funded by Innovate LA< and indqtndenly evaluated by Stats & Stuies lJuly 20251 Our baseline assessmenls confirmed widespread risks across small Charitse￿unmanaged dewces. weak acc&ss controls. outdated $0fv4are and neiwork wlnerabilites-againsl a policy back(trop Vdhere Nort￿rn IrelaThY la¢ks a direct equNalent to the Cyber Local fundirKJ currenljy avalabk to Or￿n￿at￿m$ n Engk•d. Tha pr(y*ct ImplèmènLg a thre&-sta￿ modsWAssess. Fix & Standardisè. UpskilW10 cr•ato durablo digital rèsili6n¢8. Across four charities, we established 4 M￿r05<￿t 365 8u511es5 P￿r￿lI￿n tenatries, upTrJwJ 26 de￿1￿$ to fvlly rnanaged Windows 11 Pro. dekloyed 32 user accounts with lo￿￿ multi-factor authynt1cab.(￿. ano inti<)dJced a stèndardi5ed sècurity stack with 2417 mniitsring and automated patclm'ng. Post-training avalua1ion sthows staff S&￿-ratir}gs at 100% -sxcdlenUgood' lor cyb8rsecurity. collaboralon, data & rnanagetn8nt, and software skn'lKs,' Al awarene55 Increas￿ to 91°k. and -aGcessing IT suppari" lo 90.9%. OrganEations progressed lo Cyber E55eiilials c(xnplianre, rnoving from reacbve, high-risk IT io nFanageO. a￿l￿tleen¥llr0r￿￿ts thal pmtect data and enable prcNJuctNity. Looking ahead, the fu￿re of Tech Secure is being sustained through our socia vaue partnership with Fujitsu. which is supporting us in maintsinng Ihe semce with four CVS organLsabans. A¢ the same time. we build 8 scalable operating mod81 with Kero and NICVA. To close th6 sysiemK gap and r8ach many more charitie8. we recommend that the Department for the Economy invest in the CVS thr￿gh a largeted programme mthjdled (w) the Cyber Local approach in England-leveraging social value and SME delwery to stsndardise setsj￿ infrastruciu￿. upskill staff and redu￿ regional cyber risk. This aligns direclly with the EcotK)TniC w￿lon s pri￿ltieS Qn ptCKludMty. Skills. innovati￿, and regK)nal balance, d would ojnvert a Fmen pi*)t into sertor-wKJe wlEtte. Future developments In Dlg1ts1 Q02>261 LMS- Mov8 from Learn D8sh lo m(XmJ￿. CRM- Salesfcnx 15 in pkce, wh'ch VMII belter map our inrA3cl based on our ￿lcoMeS frameworL Viyces for ImpaGI- Conb'nue to rol wt and devekp thrwgh SEUPB fijnding. Plans for futurn p•rfods1202>261 Con5¢Jidate and enhance Ihe quah.ty of Hubs through evidenceled pro￿a￿[nIng and partnership wothng. Strengthen wotkfc*ce cakwbility. welbeiThJ aThY through wntinutyjs professional development and accredrted training. Scale digital indusion and ￿ea￿ve techM*w prwarnrnes". expand LUS content wogre5s CRM t￿lId, subject to runding. Deepen dats arNJ insight capabilty loutcom8s, pro￿esSion, d8thatK)ns} puNish ￿￿ble itnpact r8porting. Engage o)nstnKlivety in seciN reform discussons and uossdepartmentsl partnerships to improve wlcomes for chil(*8n and young p8(pl8. Grow Ihe scope of our new s￿$￿aneS. THE BYfES PROJECT DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Rl$k mana9ement The Tmstees maintsin a strategic risk regtster as a standing agenda iiem. Prirtipal risks Inthde.. Funeing vO￿til[￿l Izshflow risk. Wcirkforce r8pacity. recrUrtmenVret￿1tin, and ¥5rll-be￿g. Safeguarding and quah'ty a5suranc8. Data protecbonlcyber security Estsleslheatth & $8fety and busirw ¢ontinuity. Mitigations nclude.. diVe￿fied funding d8velopm8nl.' accr8dited t￿nIng arKI sur￿1VIsIOn.. safe￿arding poI￿leS and escalation y(tedures.' data and ciber o)ntrcAs." dwjmented operating pr<￿ed￿re$.. aThJ regul¥ Eoara assur3￿. Flnan¢lal re￿¥W The results are set out on page5 13 to 24. ThE Bytes Proiecl reiumed r*t expendlure Ihe year of£86,24312D24.. f17.2481 which compnsed a nei unrestricted Jeficit ol £t6,271 and nei restriaed surplus of £28. At thè year end unreslncted reseThes amounted lo £571947 of vANch £264.207 was desisnated tOW2rds assets leaving free reserves of £J)7,740. Dwng the year the charity purchased premi%es at a cost of £231.000 plus a￿0¢￿ted ouuays of £3.327. While trE e¥penditure was funded fvom free unresiricled resemces the asset provK1es Se￿rity to support the charity's operat*)g cathflow fac￿11¢e* Restrided fu￿8 at the year end amoun*d to £97.721 of which £41.847 Yjas dtsignatsd towards fixed assets. ReservE$ wli The unrest￿ed fwds are essentBI lo supply Suffic￿nt funds to rthEr any unforeseen costs whi¢h may arise and fuffil the legal obligats.ons ol the charity rf Current kvels ol irKotne ate not rn•tained. The chanly s reserve pclicy LS to h(Ad rover in line wilh the reC<)frrne￿atIons of Ihe Chatty corntnissli￿ in Norlhem Ireland. Foi 202&26 the Th"rector5 airn to retan at lèast 6 mon1hs 0￿rating costs in 14sgrva which L* just i)var £565k. f)Jrfffj8 raser*g at antsuntèd 10 £307,740. Polibcal aThl Charitable Donations During the ￿ar the c￿npanY made no poliiical or charita)le co¥)iw*)utM& R•f•r•ncg and Admlnbstratlv• D•tsll$ The organisabons. detals a￿ as disclosed ￿ Ihe adm￿L$tratIVe ¢JelaiLs page. THE BYfES PROJECT DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ststemen¢ of dlre¢tors' respon$lbllStSe$ The trustees, who are also the directors of Tlw Bytes Project l¢Y the pwpose of c(Knpany law. a￿ responsible for preparing IhE Directors, Report and the financial statemenls in accordan(x with ap￿1(able and United KingdDrn Accounb'ng S￿dards iUnit¢d Kin￿l(Xn Generally Accepied ACc￿nting Practice). Company Law reqUI￿S the trustees to prepare financial statements for each f￿anrAar year which give a tnje and fair view of the state of affairs ofthe charity and of the incrming res￿r￿ and application Df resources, in¢luding the income and exp8ndilure. of th8 chantable ex￿panY for that year. In weparSng these finarKial staternents. trÈ tntstees are to.. - sdect surtable accounting polries and Ihen appty Ihem (xnsislenty.. - observe the rnetlK)ds and princitAes in th8 ￿ant1&S SQRP,. - m8k8 jUd￿Ments 8nd esbm8testhat8t8 r8a8A)na>18 pr￿lent.. - stste whether aw)IKable UK Ac&)unting S￿dards ￿ been folv*ed, lo any rnaterial (kp3rtures disclosed and expLgined in the fironcial slalen￿nts". and - prepare tre financial ststements cx) ￿ goiThJ c4)n¢em bag.s ￿lesS it is nappTopriate to presume that Ihe Charity will continue n operation. The truslees aE responsbk for keeping adequaie ￿Coun11￿9 reaK(Js thai with reasonaLqe accuracy al any lime the financial posits'on of th8 charity and enable th8rn to ensure Ihaithe finatKJal 5talerr8nts comply with the Cornpanies Act 2006. They are also responsiLle for safeguarding the assets of the tharity and herLe for lakiry reasonable 5tep5 for We. Ihe Direttors ot company who held al the dale of aprthal of ihese Finanaal Statements. as set cAJt atK>Ve. each confim so far as Ne are awtre. that.. There 15 no relevanl aLKIrt infLThtK)n ?f wh￿h Ihe companys aLNJitor5 are unaware". arKJ Wo hava tsk¢n all tht stèps Ihat wè ought to hav& takèn as dyéctors in ordèrtts makè tyJtsdv•s aw8r& of any releyant audit inf0rrnatl￿ and to estabhsh 1hatlh8 companys aLwJrtors are awar8 ofthat informalNJn. Audilors The au(*'lorfs serwces will be in with wrfnoncial Wofxdures. Special Provisions Relating to small Cornpanies This report has been piepared ￿ dixordan￿ with Ihe SFEGk31 t￿0V￿￿onS of Part 15 of Ihe CompaniesAct 2006 relatiiig to gnall laynpanies. On tEhalf ol the board Ben Cart8r Ben Carter Ichairl Dated.. 25 November 2025 THE BYfES PROJECT INDEPENDENT AuD￿OR's REPORT TO THE TRUSTEES OF THE BYfES PROJECT Oplnlon Wè havè aL¥Jited the firnancial stslements ol The Bytes Prtyect1lhe'chty'}for thB year wded 31 March 2025 which cornprise Ihe statement of financi31 actimties. the balance sheet, the statetnent of Cash fflows and the notes to the finanrAal strtements. induding 8 summory of signifirant 8c￿ntry pdi(ies. The finan(ial reporting fr8mew(wk that has been applied in th8ir pr8paratK>n is aP￿l￿b￿ la¥ and Uni18d Accounts￿ Standarts. induding Finanrial R8WrtitvJ standa￿ 102 The Financial Reporting StaRdard3pplicab18 in tlr8 UK aJdR8publK of Ir8lanLIIUnited Kingdom GerÉrdlly Accepted A¢counb'ng Practice). In ￿rok¥ni0￿, the ffinanoal state[￿entS-. give a true and fairview of the State charitaile ¢JNnpany'5 afwars a5 at 31 Mai£h 2025 ar)d of its incornir sources a)d akyli¢aiN)n d resources. i)ckJding ts inc(Nne expendrture. frjrthe year ended., hav8 b8en propety prepared ir) 3cc(xdatK8 Wth UrNI￿1 K￿gdOIn G8neralty Acc8Pted AcixyJntirvJ Practsce., and have been prepwed in acC(Tdan￿ wilh the requwernenls of Ihe CotnpaniE5 Act 2LK6. Basis lor opinio We conducted our aud* in accordance wth lnlernal￿naI StaThlard5 on Auditirvj IUK) IISA5 IUKII and 8pph'c*le Lqw. Our responsibilities under those stsndards ￿e further described in ihe A￿1￿10r$ ￿￿)0￿*bIllINes for Ihe of Ihe financial sralements section of (￿r report. We are indyndent ofthe charity in accordan￿ with the e￿1{￿1 requirements Ihai are relevant tci our audt oflhe financ4al staiements in UK. irKluding ￿ FRC'S Ethical Stsndard. and we have fu￿11￿ our other ethica responsiblilies in aco)rdance wlh these ￿quir￿ents. We bdieve that tr* audrt eviden* we haveobtained is sufficient 4)propriaie to provide a basis oui opilion. Conclusion5 relating to going concem In auditing the financial st8lemenls. w8 have cO￿ud￿d Ihatthe (threcL(xs' use of th8 going basis of accwnting in the pr8paration of th8 fina￿81 statemants is appttyriaLe. Based on the work we have perfor￿d. we have nol idenlified any malenal un¢ertaint*s relating to events or 0)￿ltIonS that. dividually or colkctivdy. may cast significant d(xJbt on the chartys ability to continue as a gc¥ng con¢em for a peri(￿ of at least Iwelve rnonth5 froTn when Ihe fitwncial 51atetnent5 ate auih0ri5ed for i55ue. Our r•sponsSbS111i•s a￿1 the responsibilitiès of 1he dirKtors respeu to ￿n9 con¢em are dèscrfbed In the ml•vant secb.ons ol Ihis reporl. h•r Infomiatlon The trustees are responsib￿ for the other Infi)fft￿tion. The Olher irrforrnabon compii5es Ihe information included in the 8nnual report, other than the fIn￿CIal statements and our audit￿5 report ihereon. Our opinion ￿ the financial statements does not co'ier the other inform8bon and, ex￿p1 ￿ the extentothepwise expl￿￿lY slated in report we do not express any lomi ol assurance conclusion Ihereon. In connethon with our aL*lit of thefinancial ststements. our ￿pOn￿lI.1fy is to ie&J the other infomiats.on and. in doing $0. consider whEtyEr Ihe other infor￿a￿.0￿ 15 tnaterially incoD5151enl with the fin￿claI Slatetn￿t5 or our knO￿edge obtained in the audii tsr olherwise appears to be materially misst*e¢. If we Qentity such material inconsistenc*sor appwern maletial rrii$slat8mentS. W8 ar8 required to d8terrnin8 wh8lh81 Ihefe is a maierial fflisstsletnent in th8 finanLyal Staleffl8ntg or 8 material mi55tatement of the otherinf￿MatM)n. If, based on the w(xk we have pertorrned,,Ne condude thatthere is a rn*erial missiatem¢nt of this othei information, w¢ are required to report that fa(1. We have nothing to report in thi5 rag*. THE BYfES PROJECT INDEPENDENT AuD￿OR's REPORT (CONTINUED) TO THE TRUSTEES OF THE BYfES PROJECT Oplnlons ￿ other rnatters Fffescrlbed by the Companles Act 2006 In tyjr opinion, based on the work undertaken in the o)utse of our audit". the infon￿b.0n 9vern in ihe Jirectors, report prep¥¢d lor the purposes of company Lqw. for the finanoal year for which the finanaal siaternents are prepared Is consistent wth financial ststetnents," and the dre¢tors' retx)rt has been prepared in a¢OYda)￿ ￿*th applKable legal re(wirements. Matters on vthich we are required lo report by exceplion In the light af the knOw￿dge and understandiry of the charity and ils ÈnwroThnènt ¢*)raintrd ihe courstr of thè audit, wè have not i(*ntthed tnaterial misstatements in the director5. rerrfxi. We have nothing to report in respect ol the f￿h￿ing matters wherethe Companiès Act 20￿ requ￿eS us to repcKt lo you if. in our opitryon.. suffirEnl xcaunting rocords havft not kept.. nr the finan(i31 siat8ments ar8 nol in agr88rn6nt with the act￿ntIng records". or csrtan disdosur¢s of trusie•s' r•muneral￿n spèethed by law are not ma(b•.' or we have not received all the infomalion and explwatK)ns we require forour audit. Re¥pon5ibili¢i¢s pl tru$te¢s As explained tnor8 lulfy in the statemenl of dir8Ctor5' respo1￿bilIties. th8 trusl885. are also the directors of1he charity lor the purpose of company law. are reSpc￿sIble for Ihe weparalion of the financial statement5 afKI for being satisffied that they (uve a tru8 and fair vi8w, and f(K SLJch intemal control as Ihe trustees determine is n8(%SS8ry to 8nable th8 preparation of finan￿al slaiemen15 that are free from malerial rThsstatement, whether due to fraud or errol. lfi preparing the fnan¢xal staternents, the trustees are respcfftsiNe for assessing the charity's ability to conbnue as a 9cAng eoncem, disc105ing. as 8p￿1¢8b1e, matters related lo going concem aThJ using the going 0)n￿rn basis of accwnling unless the trustees either inierK1 to liquidate the chari￿bIe company or ￿ ￿8$e owatKms. (* have ￿ ￿￿￿tiC alter￿"ve but to do so. 10- THE BYfES PROJECT INDEPENDENT AuD￿OR's REPORT (CONTINUED) TO THE TRUSTEES OF THE BYfES PROJECT AudStorfs re$pon$lbllltSe$ torthe audSt of the flnan¢W $tatement$ Our objeth.ves are to c4)tain reasimable aS$L¥an￿ aLy)Jt whether fitsanoal ststements as a whole We fffje Irom matenal tnisstaternent, whether due to fraud or ernx, atKI lo issue an auditor's repDrt that ITrGludes our opinion. Reasonable assurance is a high level of assurance but Is not a guarantee that an audil cOndu￿ed in 8ccord8nce wilh ISAS IUKI will a￿ayS d8tact a rnal8ri81 rnisstatgrnent whEn it 8￿8t5. Misstat8rnents can arise from fraud or 8tror and are consKl8r8d rnaterial if, indiwdually or in aggregate. Ihey C￿ld reasonatAy be expected to infl￿nCe 1he ecornmic decigons of users taken ￿ the basis of Ihese financ¥1 st*ments. Irregu12rpties. including fraud. are Instan¢*s of nOn￿￿1p1￿2nce with laws and le￿lat￿)ns. de*gn procethres ￿ line With our ￿$pOngbilIb"e$, oudined above. to delea material m6sraiements in ￿SpeCt ol ir￿ularitIes. w)¢luding fra¢Jd. The extent to Yihich our procedures are capabk ol dElecting irregulaiibe5. induding fraud 15 detail￿j bek)w. the nature of the actNib"es and sector. o)nlrcA e￿ror￿)ent and perfomiance; resutts of our enquries of managemeni aboul th￿r own idenbffi¢at#)Th arKI assessment of rhe risks of irregularities". any matters we idenb.fied havi￿ obta￿d arKJ r￿leW9d Ihe charrfab18 c(xnpany's documentation of their p(Aici8s and procedures relating to.. id8ntifying, ev81uating c(xnplying wlh Lq*s and leg￿81￿S and W￿1h8r I1￿Y w8r8 awar8 of any inst8nces or non-compliance- eetecting and responding to the ri£ks of frajd and whether they have knowledje of any xtua, suspected or alleged fraud". Ihe niemal (£￿trOL* establishe(I to M￿"gate risks of Iratyy or non-Ctsry)lIa￿e with la￿ and w￿alk)ns.. the rnatters diswssed amoThJ the ￿￿1 engagemenl team ￿le￿an1 inter*al spetsalists wh¥e n￿$S¥Y war(ing how and where fraud mighl OCCLX in firwcol $tsteTr￿nIS and any p)tent41 ind￿lor$ of fraud. As a res￿1 of these pi0￿￿ureS. we considered Ihe ￿1POrtunItieS atwj inceniwes ihal rrwy exist Wiihin Ihe organisation for fraud. In cornrmn with all audlts und8r ISAS IUK}. we are a150 reqLuIEd to petbtrn 5peofr prw8dur85 to raS￿d to th8 risk of rnanagernent overrith. We also obtsinwj an Understa￿l￿g of Ihe a￿j fraffl8WLYks that the charitsL48 comp?ny operal85 in. focugng on provision5 of those kjws and regulations that had a direct eflect on deterniination af material amounts and disclosure5 in the finanoal slatements. The key 18ws and regulations we consthred n this Contexl Ind￿je0 Ad 20ffi, the Charitie$ Act (Northem Irelan¢Y) 2008 and Taxati￿ Legislab"on. In addition, we Considered provBiMs of other ￿w$ and regulah)rB that ch) not ha*e a dired effed on the financial tprneni% but cnry)li4nte with 'which may be fuTh1amental lo the thariiablp c()mpany$ abilily to D￿rat￿ or Ic) avoid Tnateiial penajty. As a result of perfortniryg the above our praC￿Jure5 to respond 10 risks identified induded the followiry.. reviewing the ffinanual staement disc105ures and te5tiw 10 sUPWrtiry d￿U￿￿tation to assess cornpliance with provtsions of t6Yrns of lunding. relev￿1 laws and regulations d8scrib8d as having a dired effecl on th8 financial staiemenis.. enquiriry of management wncemry aclual and potentk81 h"tya￿On daims perforrning analyttal pr(Kedures to identify ary unusual or une¥peled rdationshps Ihat may indicate risks or maten21 misstatement due to fraud.. reading minutes of meebngs of t￿)se charged governm and reyewi￿ corresrKJndence with HMRC',and in addressing risk of fr￿￿ through rnanagetnenl override of conttvls. testing the approwateness ol journal enlries and other adjustrnents." asses￿ng whelher Ihe judgernents made in rnaking accounlmg estimates are Indio4tive of a potenlial bias. arxy evaluab.ng the business rab"(thale of any significant trans*tions that a￿ unusual or outside the norrnal Cou￿8 01 LwJsin855. We also ccffimunlcaled rdev8ni ftÈnimed l¥*s and regJlaih)ns porentlal frO￿j rtsks io all engagemgni ream rnembers, including intsmal speualisls. a￿1 remaine(J alert to any irM*catK)ns of frdud ￿ mn<0rnp1ianr￿ wrfh laws and regulab'ons throughout the audit. 11 THE BYfES PROJECT INDEPENDENT AuD￿OR's REPORT (CONTINUED) TO THE TRUSTEES OF THE BYfES PROJECT This rew)rt 15 made solelyto the charity m8mber5. as a ￿y, in ￿(￿rdance wlh Chapter3 of Part 16 of Ihe cO￿pan￿5 Ad 2006. Our audit WO￿ has been wdertaken so Ihat we rnight state to the charity members those matters we we required to st8te to them in an audilods rewrtand for I￿01￿&r wrpose. To thgfLAlesl extent pennittgd by law. wg (*) nol or assume responsibfiity to anyone OLher Ihan the chanty and the chaffly rr*mbers 2s a body. fDr our aulll wt>rk. this resh)rt. or for the opinions we have fomied. Jam85 Gage James Gage (Senior Sta14rt0ry Auditor) for and on behatl ofr. Johnston Kennedy DFK ststulory Auditor Chartered Ac¢ountsnts Ragistered A￿ltorS 10 Pilots View H•ron Road Belfast BT3 9LE Dated.. 25 N*)vember 2025 12- THE BYfES PROJECT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOU FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted furlds funds Total 2023 Total 2024 Notes Income from". Charrtable activibes 61.508 1.379.144 1,440.652 1,293,882 Ex ondltur• on: Charrtable xtivthes 135.248 1,391,647 1,526,895 1,311,130 Total expenditure 135.248 1.391,647 1,526.895 1,311,13J N8t oirtgo￿9 3.74Ql 112503 1862431 117.24BI Transfers betv*en funds 14&15 {12,5311 11531 Net movernent In fund5 {86.2711 28 186.2431 117.2481 Tolal fvnds brought lonyard 658.218 97,693 755,911 773,159 Total lund$ carried fonvard 571.947 97.721 669.668 755,911 Continuing operations The Staletnenl of Financial Athib"es ha5 been wepared the ba5 5 that al OPEralioThs are C￿rtinU1￿g operations. Statement of comprehensive income There is rK* olher ¢omprehensNe iicome to rep(Mt for the fmancaal year. Comparatives The eomparab.ve amounts by fuThJ have been dwlose(l i) Th)tes 2 aKI 3. Historical c05t The result5 a5 disdosed in the Ststement ￿ Financial Aciiwi￿5 WKY the r￿t outgoing re50urce5 Ihe year have bee presented on an historty￿1 cost bass. The noles on pages 16 to 24fom part of these financial statements 13- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS A T31 MARCH 2025 2025 2024 Fixed asset5 Tangible assets 3(￿,054 85,302 Cumnt assets Debtors Cash at bank and in harml 10 472.462 322.(￿5 238,419 699.641 794.527 938,066 Creditors: amounts lalling due within on• year 11 426.162} 12J),9301 Net current assets 368,365 687,136 Total assets less cuwrent Ilablli￿es 674.419 772.438 Cr8dilor5: amounts lalling due zfter more than one ye 12 14,7511 116,5271 Net assets 669.668 T55.911 Funds Reslrieted income lunds Unrestricted i￿ome fu￿1$ 14 15 97.721 571.947 97.693 658.218 T*)tal funds 16 669.668 755,911 The financial staleThen15 were apptove(I by the Trustee5 and auttrwmised lor iwJe on 25 knernber 2025 and signed on rts behalf by". Ben Cwter ATK*ea Mrloughlin Ben Carter Dlr•¢tor Andrea M¢Loughlln Dlrector Company Registration No. N1027446 Charity No. NIC 105711 Thè notes on pages 16 10 24 fomi part of these financial statemenls 14. THE BYfES PROJECT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note5 Cash Ilowsfrorn operating act￿111￿$ Cash (absorbed byygweraled fro￿ operat￿nS 183.0821 425.074 lThvestlng a¢￿vItIeS Purchase 0f￿gIble fixed assets 12&2,7241 151.7481 N•t cash used in investing actiT•itits 1282.7241 151.7481 Financing aclivities IRepaym8n15} l advarKe5 from bank103n5 111,7761 18.3341 Nat cash used in financing activitie5 111.7761 18.3341 Net Id8creawllincr8as8 in cash and cash equivalents 1377.5821 364,￿2 C8sh and casth aquivalwts at bagintwng of year 699.647 334.655 cash and ￿$h ¢qulvolwts at end of year 322,065 699,647 Th¢ not•$ ty) page$ 16 to 2410rn1 part Ofth￿ fvlanclal staiements 15- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountSng polkSes Charity information The Eytes Project is a privale conyany lirrited by warantee Ywx)rated w) N(*lhem I￿laN1. The re9Stered office and principal office is 297 Antrirn Road Newtownabiw. BT36 SEG. Northem Irelar¥J. The nature of the charity5 operations and w#icipal ￿VItIeS are gven in Ihe L*"reclLYS' ￿p(rt ￿ paje 3 ofthese ￿an￿al statements. 1.1 A¢¢ountin9 convention The chanty constitutes a publi¢ benefrt Èntity as defined by FRS 102_ The financial ststements have been preparÈd in accordance wlh Ac¢ountsng and Rep)rbng by Charib"es." Stslemenl of Re¢omn*nded Practice applicable to charities preparing thar accounts in accoriJatKewith the Finanoal Reporbng S￿darlI applicable in the UK and Republic Df I￿land IFRS 1021 (second edits"on- October 20191. the Finan￿181 Reporting Stsndard appl&cable in rhe United Kingdon and R8public of Ireland IFRS 1021. the Chariti8s Act INorth8m Ireland) 2008. th8 cLYnP￿195 Aci 20C6 and UK Generally AC￿p¢ed Practitt as it appl￿5 frotn 1 January 2019. The finanaal sla18ments ar8 W8pared in st8rfing. ¥thich is the r￿cl￿￿al curTency of charity. Mon8lary arnounls Iliebe fin charitaNe ￿tr￿ltIeS on a basis consislenl with use of the resoijrces. Stsff costs aThY overhead expenses we alocated to artivitEs C￿ tre basis of stsff time spent those acb"vtbes. 1.3 Support costs SupF)Ort Costs are those filnc￿Ons that a595t the of the d￿rIty tmrt do not dyectly represent charitable aciNities. Support costs inclu(k office costs. [￿a￿e. hurnan resoutces. payroll and govematKe costs which supporl the charity's acli¥i¢E$. T￿￿98 ¢c6ts have Jkxaled againsi Ihe expendIW￿ on ch￿tA& adMbe$. 1.4 Fvnd ACCOUn￿ng The charity has different tyFBS offu￿5 fv wlmch il is r&sp￿Sth, and whKh requir8 $8para18 disckjsure. T￿se are as frAIows.' (al Restricted funds- Funding re￿Ned Can only be used for a sp￿￿ purpose as delwined by the fLnder. Such purposes *e wrthin Ihe overall airThs ofthe ￿￿L$8￿"0n and are set (￿rt w) the notes to the ￿n￿¢￿al ststements. Ibl Unrestrict8d fiJnds- Fund5 whith are expend8b18 at th8 d￿Cr￿tiOn of th8 dY8ctots in th8 fuIh8Fan￿ of th8 obj8cliv8s of the charity. In addtb.on Ihefu[￿S tnay b8 held in Lyder lo finance capita investment and workng capital. 16- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting polKies Icontinuedl 1.5 Tan9ibl• fix•d &gs•ls Tangible fixed ass¥.s a￿ staled at kss deprÉ¢iath)n. DeprÈo"aiM)n i% ￿￿0￿￿￿Èd at rates oltulatÈd to writs off the cost less estima1ed rèsidud value of each asset trier its ex￿e￿ useful lrfe. as follows." F￿ehOld land arwj ￿lIdIng5 Fixtures and fittkrygs CompLrterewipment 25% straght line 33% stsayht line 1.6 Financial in8trThnts The charity has e￿Cted lo aptAy the prow5K)ns of Secbon 11 'Ba9c Financial 1n5lrL￿ents. and Section 12'01her Financial ID5truThents Issues. of FRS 1112 lo all of ts ffinancial instru￿￿￿15. Financial instnJnTenls we rgxgnised in the charity's blar￿ iheet Ihe tharity. becomes paty to Ihe ￿￿traCtual provisions of the Instrum￿1. Financial assols and h"abilitios arè offset. wth tho amwnt$ wosentod Iho financia stalernènls. when thore Is a legally 8nforceatle right to 581 off Ihe fecogni%d arnounts and there 15 an intention lo seit18 on a net ba￿5 or lo r8alise the asset and s￿lIe the liablity s1rnultaneou￿y. Basic financial assets Basi¢ financial a$sets. whth Ir￿lude debtCKS and cash arnl bank baLqnces. we initielly measwed al transaction price induding transaction costs a￿1 are sut6equentty ¢arried at am(xtised o)st ugng Ihe effedive interest method unless the arrangemento￿$t1IU1es a financing trwwtion. ￿re transaction is measu￿￿ ai the preseni value of the future receipts discounted al a market tate of inlerost. Financial assets c1a5sffj￿j as t￿1vab￿ wthin ￿e year are not amorti5ed. Basic financial liabih'lies. includiro credrtors and bank loan$ are iThlially ￿¢09Th$& al tr￿S3¢1￿0n F¥i¢e un18ss the arrangement consttutes a finanung transaction. ￿here Ihe debt irtstrnment is measllred at the prèsent value of the future payments (Iscwnled at a markel rate of Inte￿1. Fina￿ li*m1￿e$ dassrfed as pay8￿ wI￿n one year are not a￿CK¢￿%ed_ Debt i￿trUments We subsequently at aM￿Lse(l cost. ugng tr¢ effective Inte￿$t rate rrethod. Operating Credito￿ we Obl¥Jati(￿S to P3y g)L¥ts or semces that have been acquired in theordinary course of opèratiMs trDm supplièts. knounts paY£b￿ are dassifi&d as currènt liabilitiès ifpayment is duè within on8 yèar or less. If not. they ar8 pr8sented as nC￿-CUrr8nl 1k8l4￿"e5. Op8rating credrtor5 are r8￿nised inilk4lly at transathon pri and subsequenlly measured at amortised (x)sl ￿5￿g the eflective intwest method. Dereco9nltson of llnancla1113blli¢ies Financial liabilibes are derer4nised when the ch8ritys conlraclual obltyJatMs expye orare discharged u ￿￿11￿1. 1.7 Taxatlon The ￿rnpanY ts a ￿giSte￿I chajity and ts th)1 Ik*le to lax w fr￿d$ g&)erated from aCt￿l￿e$ wrthin scope ol the charttable exempti(￿$. 1.8 Pensions The (￿MpanY tsW¥l8s a defined CQntrbut¥Jn pansion sthem?. Ponstym £tYttribJ1ions in rèspect of Ih8 schemè for employees are charged to the proffit aThJ k)s5 account as theybecorne payable in accordance with Ihe rule5 of1he scherne. The assets are hdj separately from th0￿ of the comp8ny in an i￿lependentlY admirristered tund. Drfteiences t￿lW&en th8 8rnounts charggd in Ihe in(x)me and expendtiurè a(xount 8nd payments mad8 Io p8nsi funds ar• trgatad as 3ss8ts or llabikti￿. 17. THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting polKies Icontinuedl 1.9 Rentsls payable under operatirg leases. i￿lUding ¥ny *8se #icentNes recewed. we chwged 85 an expense on a Strai￿1 line tsa￿s over Ihe ierrn ol Ihe relevant lease. ststemgnt of Flnan¢ial Adhitig$:Unrestri¢ted fvnds 202S 2024 Income from.. Charitable activilies 61.508 105,843 Total Ineomè 61,508 105,843 Expenditure on: Charitsbl& ¥tiwb8s 135,248 100,523 Total exp8ndrtur• 135,248 100,523 Net incoming I loutgoingl= 173,7401 5,320 Transters between funds 12,531 5,f69 Net n￿¥ement In funds 186.2711 10.989 Total knThJs br￿ght forward 658.218 647.729 Total funds carried for*¥d 571.947 658.218 18- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ststement of Flnan¢lal AalvMle$: Restrlcted Funds 2025 2024 Income from.. Chari-able acbvilies 1.379.144 1.188.039 Total income 1.379.144 1.188.039 Expenditu￿ on: Chantsble ￿t￿be$ 1.391.647 1.210.En7 Totsl expenditu 1,391.647 1,210.fn7 Net incoming I loutgoing): 122,*81 Transfer5 between furKIs 12.531 15,E691 Net n￿¥ement in furKIs 28 1282371 Totsl fuThJs brtyjght foThvard 97.693 125.gJO T4)tsl funds carried for*¥ 97.721 97.693 4 CharitaAe activitiEs Unrestricled nd Restricted Total Total 2025 2024 Education Authority A&N8C TBLIC I CGRF SEUPB- Voices 4 lrnpact Rank Foundats"on PA Foundation Youth Action Nl Na1￿11￿ Lull¥ry- Dtsriiiaril A0￿U￿[$- CRM Fees services (telNered Santander Internalonal Fund foi Ireland Innovate UK Trdn4ink Nl Paul H8rnlyn F(￿ndation Sir Halley Stewart Trust Radius Housing 461.249 61,457 236.764 48.570 29.303 23.443 293.049 2.020 461.249 61,457 236.764 48.570 29.303 23.443 293,049 2.020 61.508 36.540 36.113 41.576 561,741 60,845 210.461 28.795 27, 200,821 lo.￿2 92.713 85.959 61.508 36.540 36.113 41.576 59.6(K) 7.757 9.579 9.021 23.103 59.600 7.757 9.579 9.021 23.103 5.745 CINE OCSDC 61,508 1,379.144 1.440.652 1.293,882 19- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on ¢harlta)lea¢tlvl¢les Unrestricted Fund RestrKtsd fund 2025 2024 Aclivily costs Support ￿$ts 103.345 31.9)3 1.130.464 261.183 1.233.809 1.029.659 293.086 281,471 135.248 1.391,647 1,526,895 1,311,130 Net incomellexpen(*turel 2025 2024 Net rnovernent In fu￿5 ￿ slated aftertharyityj Depreciabon of tarvJble fixed assets Auditorfs remun¥abon lindutjing ac¢ounlanGy servi￿) Loss on (Jisposal of iangibk fixed assets 40,859 7.935 21.113 38.875 6.152 Emphy¢es Number of eM￿¢yeeS The average montNy number oferyk)yees during Ihe year *8S.' 2025 Nwnber 2024 Number 46 40 The number of 8fflpIoy88s whose annual r8mun8ration wa5 £60.rMx) LY more w8r8.' 2025 Nlwnber Number £60.000- £70,OQII Director5. rEmuneration No dire¢trJr re¢ei4ed any remuneraticm or were reinbursed expenditure from ts chwty during the wrrent or prOvi￿S THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tanglble flxed assets FrEehold land Fthiresand CDrnPUter Tolal Cost At 1 April 2024 Addit￿ng Di8￿6a1$ 130.689 17,441 137.1781 309.153 30,956 439.842 282,T24 137,1781 234.327 At 31 March 2025 234.327 110.952 340.109 685.388 Depreciation At 1 April 2024 Depreci3tson tharged in the year Eliminaled in resperl of dtsrjosals 86,255 10,485 116,0651 268.285 30,374 354.540 40,859 I16,(￿5) At 31 Mareh 2025 80,575 298,659 379,334 Net book value At 31 March 2025 234.327 30.277 41.450 306.054 At 31 March 2024 44,434 40.868 85,￿)2 10 Debtws 2025 2024 Amounts fallln9 due wlthln one year. Activtty debtors PrQpayn￿nts and accnjed income 410,345 62,117 123,939 114,480 472.462 238,419 11 Credllors: amounts fallln9 due wSthln one y￿1 2025 2024 Noles Bank loans Other tax3tion and s(Kial security Aclivily creditors Amounts due to *llow group undert*ings Other Creditors AccDJaLs and (JeferTed itKorne 13 8,333 36,038 102.243 2.150 14,262 263,136 8,333 70.404 4,230 167,559 426.162 250.930 21 THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Credl¢ors: amounts fallln9 due after More than one year 21125 2024 Notes Bank loans 13 4,751 16,527 13 Loans and (weTdiafts 2025 2024 Bank loans 13.084 24.860 PayaNe wrfhin one year Paya￿8 after (￿9 year 8,333 4,751 6,333 16,527 14 Restricted income funds B￿ance at 11ncomlng April 2024r¢s￿rtss Resourtts eX￿nded Transfers Balan¢È at 31 March 2025 Education Aulhority A&NBC- Life Skills Rank Founéation PA Foundats'on Youth Achon Nl National Li)ttery- Dorrnarbt Accounts- CRM Streel I PCSP Projects TBUC I CGRF SEUPB. Voices4 Impact YP- Tech Projects Santander Interrnational FUNJ for I￿laTh Innovate UK Paul Hamlyn Foundation Sir Halley Stewart Trusl Radius Housing CINE DCSDC Other Small Funds 23.716 461.249 61.457 29,303 23.443 293.LH9 1487.2171 167.8321 129,3031 123,4431 1275.5931 10.042 6.375 1.114 1,114 14.￿9 12,0201 15,0291 1591 1241.4781 144.7B21 11,1881 137.8421 137.2711 141.6271 146.9341 17.7571 112.7681 17.7691 123.1031 13.6611 20.247 402 236.764 48.570 4.312 11.7951 1.933 2.022 9.131 36.540 36.113 41.576 59.800 7.757 9.579 9,J21 23.103 7,829 1.158 51 15.￿8 3,189 1,252 31.823 {1.&)$1 26.357 97.693 1.379.144 {1,391.6471 12.531 97,721 -22- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Unre$trf¢ted funds Ai 1 April 2024 Incorning resources Resowces Transfrrg At 31 March 2025 eApend*d Genwal fuThJs 658.218 61.508 1135.2481 (12.5311 571.917 16 Analy￿$ of net assets btheen funds Tanglble Fixed Assets Net Current As58ts Total 2025 Restithd Funds LInr8St￿l8d Incorne FurKIs 41,847 264,207 55.874 97,721 307,740 571,947 363.614 669.668 17 Non4udil seThi¢e provision In r￿MMOn with many olhertharities of cAJr and nature ts5e our auditors to assist wth Ihe weparab.on of the financial statema)ts. 18 Operating lease cornrnitrnents L•$s¢e Al Ihe reportsng eThY date the ch￿ry ￿ (utsthyry ¢onYnthnts lorfubjre minimum lease payments under norrfancellatAe operating leases. w￿Ch fall due a5 fdlows." 2025 2024 Between ty¥0 and fve years 43,2C 18,496 19 Capltal commlbnonts The Company W no finanoal COn￿ltn￿nts as at 31 March 2025 and at 31 2024. 20 Related party transactlons During the year 1he Gornpany shared re50wce5 provided financial rronagemenl Ser￿e5 to a rekted entity. Total Costs transacted d￿ng the year 8Tnounted to £46 714. At 31 March 2025. the b￿an￿ due to the reL4ted entrty arnounled to £2.150 cr8ditoi12024-. nil) aThJ is indud8d in creditors due wihI￿ one year. No nterest is charged on this loan. 21 Compzny status The cornpany E as cotnpany litnited byguarantee aw¥J does not have 5hote caF¥tal. -23- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Control The directors ¢￿trol the company. The ¢Jireeirws we apwnted by and we 8ccount¥ble to the members. 23 Financial cornnmtments The cornpany W no finanaal Co￿lt[r￿n￿ as at 31 March 2025 and at 31 2(r24. Cash generated frorn operatim5 2025 2024 N8t movement In fU￿S 186.2431 1172481 Adjustments for.. Depreciabon and impairment of tsThJ*)le fixed assets IProfll)noss on dksposa of iangibd fixed assèts 40.859 21.113 38,875 MoVe￿entS in working capilal-. IlncreaseVdecxea5e in debtors Inwse in cred￿Cor$ 1234,0431 175,232 299,(B5 lo4,￿2 Cash labsorbed byVg¢nerated frrm D￿ratJon$ 183.0821 425.074 25 Analysi$ of ¢hanges in net funds t 1 2024 Cash At31 MJTch 2125 Cashat bank in ha￿1 699.647 1377,5821 322.(￿5 Loans falling due of￿ year Loan5 falling due after rnote than orE )tar 18.333} 116.5271 18.3331 14,7511 11,776 674.787 1365.8061 308.￿1 -24. This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic forni, authentication and manner of delivery under section 1072 of Ihe Companies Act 2006.