Registered charity number 1124657

ESSEXYOUTHBUILD LTD

Registered charity number 1124657

Registered company number 06608363FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

~ ~

CommunityAccounts Service

ESSEXYOUTHBUILD LTD

CONTENTSFOR THE YEAR ENDED 31 MARCH 2018

Reference and administrative information

Directors' report 2-6

Statement of financial activities

Balance sheet

Notes to the financial statements 9-13

Independent examiner's report 14

ESSEX YOUTHBUILD LTD

REFERENCE AND ADMINISTRATIVE INFORMATIONFOR THE YEAR ENDED 31 MARCH 2018

Directors:(Charity Trustees)

Ms S Douglas-DavisMr R Hazelhurst (Treasurer)Ms M R LewisMr M D Solder (Chair)Ms J Tarbun (Secretary)Mr C TurnerMs L Turner-SmithMr G Williams

Management Committee: The DirectorsChief Executive

Company Secretary:

Registered Office:

Ms J Tarbun

6 Grafton PlaceMontrose RoadChelm sfordEssex CM2 6TG

Registered Numbers: Charity: 1124657Company: 06606363

Reporting Accountant: Community360Winsley's HouseHigh StreetColch esterEssex C01 1UG

Bankers: CAF Bank25 Kings Hill AvenueWest Mailing

Kent ME19 4JQ

ESSEXYOUTHBUILD LTD

DIRECTORS' REPORTFOR THE YEAR ENDED 31 MARCH 2018

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandumand Articles of Association, and Accounting and Reporting by Charities: Statement of RecommendedPractice applicable to charities preparing their accounts in accordance with the Financial ReportingStandard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Chair's Report

Our Purpose and Activities

Our main purpose is to alleviate poverty and help young people in necessitous circumstances by providingtraining and education, thereby improving their life chances.

Essex Youthbuild is a registered charity and a company limited by guarantee. We provide accreditedvocational training in construction and work-related skills to disadvantaged young people from all overEssex.

We work with young people aged 12-19. Those who are 16+ must be NEET (not in education, employmentor training) and those aged 14-16 come to us via an arrangement with their school. These young peoplemay suffer from a range of disadvantages including, but not limited to:

Being NEET (not in education, employment or training)Being looked after or leaving careLiving independently at a very young ageBeing homeless/'sofa-surfing'

Being known to the Youth Offending ServiceHaving no or few formal qualifications or unlikely to gain many at schoolBeing excluded from or struggling at mainstream schoolNeeding a vocational element to their curriculumUnable to gain or maintain a place at a mainstream collegeSpecial educational needs or disabilitiesVarious mental health issues including, but not limited to, anxiety and depression

We aim to engage these young people in education and break down barriers to engagement by:

Having no formal interview or skills test to join the course~ Offering roll-on/roll-off courses that young people can join at any time

Reimbursing travel to and from our workshop (for 16+)~ Offering breakfast before start of tuition as well as having snacks and drinks available at breaks

Paying small bonuses to 16+ YP for good attendance/achievement

We offer multiple chances to succeed by providing a highly flexible and modular City & Guilds' Level 1

training programme in construction skills, available year around. We complement this vocational trainingwith tuition in numeracy, literacy and employability, leading to Gateway Qualifications' Awards. Othertraining provided includes first aid, Level 1 Health & Safety in a Construction Environment, working atheight awareness and preparation for the CITB Health, Safety & Environment Test.

We pay bonuses of 620 to our 16+ trainees for good attendance and achievement reinforcing the 'realisticwork environment' we are trying to emulate and helping to embed a work ethic with the young people.

In addition to these activities, we started Trade Club in 2017, a free, after-school activity for children aged12-16 to try out different trade activities and build team working skills and confidence.



Achievements and Performance

As can be seen from the attached statistics, we worked with a total of 69 young people during the periodunder review. More than two thirds of 16+ students achieved some kind of accreditation from City 8 Guildswith half gaining a full-blown qualification. Of our school age students, all of those who left school in the2018 academic year left with some kind of accreditation.

Financial Review

We have engaged Community360 (formerly Colchester Community Volunteers Service) to support us in

producing our independently verified financial statement as a charity.

We hold two CAF Bank accounts —one current, one interest account.

We also maintain a cost-centre with Essex County Council ('ECC'). This arrangement, explained more fullybelow under 'Recharge from ECC', remains in place from the period before Essex Youthbuild became acharity in June 2008, as staff had been employed by ECC specifically to work at Essex Youthbuild.

Recharge from ECC

Essex County Council invoices Essex Youthbuild at the end of the financial year - a process known as 'recharge'.The amount of financial support given by ECC is dependent upon their budget constraints each year and so varies,although is on a downward trend.

Recharge for 2017-18

Essex Youthbuild paid an invoice from Essex County Council for F31,000 in February 2018. This amount ofrecharge covered the payment of rent on the lease for the workshop and related rates and service charge.One instructor's salary was met by Essex County Council during the period.

Investment Powers and Policy

As previously mentioned, Essex Youthbuild maintains two CAF Bank accounts, one current cash account andone interest-paying account. Essex Youthbuild keeps the majority of its funds in the interest-earningaccount, transferring amounts to the current cash account when necessary. These accounts representEssex Youthbuild's entire financial holdings and it is the charity's current policy not to invest moneyelsewhere.

Reserves Policy and Going Concern

Essex Youthbuild's Reserves Policy is to hold funds sufficient to cover a minimum of 9 months' operatingcosts. Generally, these are allocated to running costs. In addition, a certain amount of capital funds needsto be retained to ensure coverage of dilapidations, maintenance and repairs to our premises.

Plans for Future Periods

Essex Youthbuild is considering its options regarding premises as the current lease comes to an end in December2018

ESSEXYOUTHBUILD LTD


Pay Policy for Senior Staff

No member of staff is currently paid in excess of f60,000 per annum.

Risk Management

Essex Youthbuild regularly reviews its risk management policies, in particular: operational, governance,financial, environmental and compliance risk. All activities in the workshop are risk assessed and noactivities of a high-risk nature are undertaken. In addition, Essex Youthbuild maintains various insurances,including employer's liability, public liability, professional indemnity, and contents insurances to a level theTrustees believe to be adequate.

Trustees' Responsibilities in Relation to the Financial Statements

The charity trustees (who are also directors of Essex Youthbuild Limited for the purposes of company law)are responsible for preparing a trustees' annual report and financial statements in accordance with

applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AccountingPractice).

Company law requires the charity trustees to prepare financial statements for each year which give a trueand fair view of the state of affairs of the charitable company and the group and of the incoming resourcesand application of resources, including the income and expenditure, of the charitable group for that period.In preparing the financial statements, the trustees are required to;

Select suitable accounting policies and then apply them consistently;Observe the methods and principles in the Charities SORP;Make judgements and estimates that are reasonable and prudent;State whether applicable UK accounting standards have been followed, subject to any materialdepartures disclosed and explained in the financial statements;Prepare the financial statements on the going concern basis unless it is inappropriate to presumethat the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracyat any time the financial position of the charity and to enable them to ensure that the financial statementscomply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charityand the group and hence taking reasonable steps for the prevention and detection of fraud and otherirregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial informationincluded on the charitable company's website. Legislation in the United Kingdom governing thepreparation and dissemination of financial statements may differ from legislation in other jurisdictions.



Statement as to disclosure to our auditorsln so far as the trustees are aware at the time of approving our trustees' annual report:~ There is no relevant information, being information needed by the auditor in connection with

preparing their report, of which the group's auditor is unaware, and~ The trustees, having made enquiries of fellow directors and the group's auditor that they ought to

have individually taken, have each taken all steps that he/she is obliged to take as a director in orderto make themselves aware of any relevant audit information and to establish that the auditor isaware of that information.

By order of the board of trustees



Essex Youthbuild Statistics 1 April 2017 to 31 March 2018

16-19Yea

OldsKey Stage 4 Total

Already on course at Apr 17New referrals

Total Young PeopleNo shows

Place refused

Continuing on course at Mar 18ACHIEVEMENTS

City gt Guilds' Construction Skills

1 or more City gt Guilds' units

CRG L1 Award

COG L1 Certificate

C&G L1 Extended Certificate

CtkG L1 Diploma

Total Gaining CgtG Recognition

Literacy tk Numeracy

Literacy Awards

Numeracy Awards

CSCS Cards

L1 Award in

Health tk

Safety in a

Construction

Environment

Passed CITB Test (CSCS)

,Other

First Aid Course

Working at Height Awareness

CV writing / applications

ProgressiLott ':Work Experience

College Place

Apprenticeship

Employment

10344410

1

334

132639

3

03612

2360

83131

6916

6

3

8

14

22

5

7

7

41

24

1110155

5

46

2123

00

2123

10

10 12

9 16 2513 2 1513 8 21

6 5 114 8 124 2 66 0 6


STATEMENT OF FINANCIAL ACTIVITIESFOR THE YEAR ENDED 31 MARCH 2018

Notes Unrestricted Restricted Designated 2018funds funds Funds Funds

F 8 8

2017Funds

F

Incomin resourcesIncoming resources

from generated funds:Donations and LegaciesCharitable activities:Resources from charitable activitiesIncome from investmentsRaising Funds

Total incoming resources

184 5,000

53,69495

570

36,003

54, 543 41,003

5,184 1,836

89,697 161,86495 364

570

95,546 164,064

Resources ex endedCharitable activitiesRaising Funds

Total resources expended

4/5 149,239 22, 081218

149,457 22,081

171,320 207,329218

171,538 207,329

Net (outgoing)/incomingresources before transfers

(94,914) 18,922 (75,992) (43,265)

Transfers between funds

Net outgoing resources beforeother gains and losses (94,914) 18,922 (75,992) (43,265)

Net movement in funds (94,914) 18,922 (75,992) (43,265)

Reconciliation of funds:As at 1 April 2017 194,486 50,000 244,486 287,751

As at 31 March 2018 99,572 18,922 50,000 168,494 244,486

The notes on pages 9 - 13 form part of these financial statements


BALANCE SHEETAS AT 31 MARCH 2018

Note

2018TotalFunds

2017Total

Fundsf

Fixed assetsTangible assets 6, 174

6, 1748,232

8,232

Current assetsDebtorsBank balances

10 13,272 2,654149,648 241,890

162,920 244, 544

LiabilitiesCreditors. amounts failing

due within one year

Net current assets

Total net assets

600 8,290

162,320 236,254

168,494 244,486

The funds of the CharityUnrestricted income funds:

Restricted income Funds 13Designated Income FundsUnrestricted Income Funds

18,92250,00099,572

50,000194,486

168,494 244, 486

168,494 244,486

For the year ended 31 March 2018 the Company was entitled to exemption from Audit under section 477 of theCompanies Act 2006

The Members have not required the Company to obtain an Audit in accordance with section 476 of theCompanies Act 2006.

The Directors acknowledge their responsibility for complying with the requirements of the Act witn respect toaccounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicabie to Companies subject tosmall Companies regime.

The Directors declare that they have approved the accounts above.

SignedRussell elhurst

Date X2 P9' 2c

ESSEXYOUTHBUILD LTD

NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2018

Accounting policiesThe principal accounting policies are summarised below. The accounting policies have been appliedconsistently throughout the year and in the proceeding year.

Basis of preparationThe financial statements have been prepared in accordance with Accounting and Reporting by Charities:Statement on Recommended Practice applicable to charities preparing their accounts in accordance with

the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1

January 2015)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK andRepublic of Ireland (FRS 102) and the Companies Act 2006.

Cash Flow

The financial statements do not include a cash flow statement because the charity, as asmall reporting entity, is exempt from the requirement to prepare such a statement under

Financial Reporting Standard 1 "Cash flow statements".

1.2 Fund accountingUnrestricted funds are available for use at the discretion of the Directors in furtherance of the generalobjectives of the Charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or containedin the terms of a grant.

1.3 Incoming resourcesAll incoming resources are included in the statement of financial activities when the Charity is entitled tothe income and the amount can be quantified with reasonable accuracy. The following specific policiesare applied to particular categories of income:-

Voluntary income is received by way of grants and donations and is included in full when receivable.Unrestricted grants, where entitlement is not conditional on the delivery of a specific performance bythe Charity, are recognised when the Charity becomes unconditionally entitled to the grant. Restrictedgrants are recognised on receipt. Gift Aid recoveries on donations from individuals are recognised in thesame period as the donation.

Any donated services and facilities are included at the value to the Charity where this can be quantified.The value of services provided by volunteers (including the Directors) has not been included in thesefinancial statements.

Client contributions and investment income are included when received.

1.4 Resources expendedExpenditure is recognised on an accruals basis as a liability is incurred. Expenditure includesnon-recoverable VAT, and is reported as part of the expenditure to which it relates:

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities andservices for its beneficiaries. It includes both costs that can be allocated directly to such activities andthose costs of an indirect nature necessary to support them and attract funding to sustain them.

Governance costs include those costs associated with meeting the constitutional and statutoryrequirement of the Charitable Company. This includes the preparation and examination of this annualreport and financial statements, and a small portion of staff time on the strategic focus of the Companyand servicing Directors meetings.

ESSEXYOUTHBUILD LTD


1.5 Tangible fixed assets and depreciationFixed assets are stated at cost less accumulated depreciation. The costs of minor additions are notcapitalised. Depreciation is provided by the Company to write off the cost of tangible fixed assets byequal instalments over their expected useful lives, as follows:-

Furniture and fittings 25% Reducing balanceEquipment 25% Reducing balance

1.6 Operating lease agreementsRentals applicable to operating leases where substantially all of the benefits and risks of ownershipremain with the lessor are charge against profits on a straight line basis over the period of the lease.

2. Income from investments

Bank interest receivable

Unrestricted RestrictedFunds Funds

95

TotalFunds2018

95

TotalFunds2017

6364

95 95 364

Income from charitable activities 53,694 36,003

3. Incoming resources from charitable activitiesUnrestricted Restricted

Funds FundsTotalFunds2018

689,697

TotalFunds2017

81 61,864

4. Costs of charitable activities by fund type

53,694 36,003 89,697 161,864

Provision of youth training8

149,239149,239

22,081

22,081


TotalFunds2018

171,320

TotalFunds2017

F207,329

171,320 207,329

5. Costs of charitable activities by activity type

Costs directly allocated to activitiesStaff costsPremisesMaterialsOffice ExpensesTravel & subsistenceOther staff & training costsProject costsEssex County Council RechargeDepreciationAccountancy

3,3188,237

5025,5143,292

31,0002,058

600

3,523

7,489


8 894,718 11,069

TotalFunds2018

6105,787

6,8418,237

5025,514

10,78131,000

2,058600

TotalFunds2017

8111,30930,557

9,8796,633

1502,993

11,45531,000

2,753600

149,239 22, 081 171,320 207 329

10

ESSEXYOUTHBUILD LTD


6. Related PartiesThere were no related parties.

7. Net Incoming Resources for the period

This is stated after charging:2018TotalFunds

2017TotalFunds

Staff pension contributionsDepreciation

BBB2,058

5,4882,753

8. Staff costs and emoluments

Wages and salariesSocial security costsOther pension costs

20186

98,0517,241

495

20176

104,905916

5,488

105,787 111,309

Particulars of employees:The average number of employees during the period, calculated on the basis of full-time equivalents, wasas follows:

SupportTraining

201833

201733

No employee received remuneration of more than 560,000 during the period

The company made contributions into a defined benefit pension scheme. However, the scheme is amultiple employer scheme and the company is unable to identify its share of the underlying assets andliabilities.

Contributions to the scheme are accounted for on paid basis.

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Equipment Fixtures &Fittings

Total

CostAt 1 April 2017AdditionsAt 31 March 2018.

DepreciationAt 1 April 2017Charge for the yearAt 31 March 2018

Net book valuesAt 31 March 2018

42, 721

42, 721

38,5171,051

39,568

3,153

34,2071,007

72,7242,058

35,214 74,782

3,021 6,174

38,235 80,956

38,235 80,956

10.

At 31 March 2017

Debtors

Accrued incomePrepayments

4,204 4,028

2018811,9831,289

13,272

8,232

2017

1,3921,262

2,654

Creditors

Deferred incomeAccrued expenses

2018E

600

600

201767,690

600

8,29012. Commitment under operating leases

At 31 March 2017 the company had annualas set out below

commitments under non-cancellable operating leases

20186

20178

13.

Operating leases which expire:Within 2 to 5 years

Restricted income funds

Fowler Smith and JonesPCFCJack Petchey AwardsTool StationEssex Community FoundationChelmsford Round TableCo-Op Local Causes

Balance at01/04/2017

f

Incomeresources

61,922

10,0001,0002,447

17,4055,0003,229

37,500 37,50037,500 37,500

(1,000)(2,447)

(11,388)(2,095)(3,229)

6,0172,905

Outgoing Transfer Balance atresources Between funds 31/03/2018

6 6(1,922)

10,000

41,D03 ~22, 081 18,92214

15

Designated FundsFunds have been set aside to takeEssex Youthbuild Ltd.Going ConcernThe charity is operating on a going

into consideration the dilapidations of the rented building that houses

concern basis

12

ESSEXYOUTHBUILD LTD


16. Previous year SOFANotes Unrestricted Restricted Designated 2017

funds funds funds Funds6 K 6 6

Incomin resourcesIncoming resources

from generated funds:DonationsCharitable activities:Resources from charitable activitiesIncome from investments

Total incoming resources

1,836

47,806 114,058364

50,006 114,058

1,836

161,864364

164,064

Resources ex endedCharitable activities

Total resources expended

4/5 93,271 114,058

93,271 114,058207,329

207,329

Net (outgoing)/incomingresources before transfers

(43,265) (43,265)

Transfers between funds

Net outgoing resources beforeother gains and losses (43,265) (43,265)

Net movement in funds (43,265) (43,265)

Reconciliation of funds:As at 1 April 2016 237,751 50,000 287,751

As at 31 March 2017 194,486 50,000 244, 486

13

ESSEXYOUTHBUILD LTD

INDEPENDENT EXAMINER'S REPORTFOR THE YEAR ENDED 31 MARCH 2018

I report on the accounts of Essex Youthbuild Ltd for the year ended 31 March 2018which are set out on pages 7 to 13.Respective responsibilities of trustees and examinerThe Charity's Trustees are responsible for the preparation of the accounts. The Charity'sTrustees consider that an audit is not required for this year (under section 144 (2) of theCharities Act 2011 (The Act) but that an independent examination is needed.

It is my responsibility to:Examine the accounts under section 145 of the Charities Act,

To follow the procedures laid down in the General Directions given by the CharityCommissioners (under section 145(5)(b) of the Charities Act, and

To state whether particular matters have come to my attention.

Basis of independent examiner's StatementMy examination was carried out in accordance with the General Directions given by theCharity Commissioners. An examination includes a review of the accounting records keptby the Charity and a comparison of the accounts presented with those records. It alsoincludes considerations of any unusual items or disclosures in the accounts, and seekingexplanations from you as trustees concerning any such matters. The proceduresundertaken do not provide all the evidence that would be required in an audit andconsequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statementIn the course of my examination, no material matters have come to my attention which

gives me cause to believe that in, any meterial respect:

the accounting records were not kept in accordance with section 130 of theCharities Act; or

the accounts did not accord with the accounting records; or

the accounts did not comply with the applicable requirements concerning theform and contennt of the accounts set out in the Charities (Accounts and

Reports) Regulations 2008 other than any requirement that the accounts give atrue and fair' view which is not a matter considered as part of an independentexamination.

I have come across no other matters in conncetion with the examination to which attentionshould be drawn in this report in order to enable a proper understanding of the accountsto be reached.

Shelley-Marie Rudling FMAAT MIP f on behalf of:Community360Winsley's House, High Street, Co chester, ssex Date@ 4 g~/ Xl'II.

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Registered charity number 1124657

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