Job Change Charity No. 1080729 Company No. 02322852 Trustees, Report and Unaudlted Accounts 31 December 2024
Job Change Contents Pages Trustees, Annual Report Statement of Financial Activities Summary Income and Expenditure Account Balance Sheet Statement of Cash flows Notes to the Accounts Detailed Statement of Financial Activities 7t08
Job Change Trustees Annual Report The trustees, who are also directors of the charity for the purpose5 of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 02322852 Charity No. 1080729 Registered Office 10 Red Lion Street Wolverhampton WV14HL Directors and Trustees The Directors of the charltable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year.. O.D. Brown B,R. Nicholls S,M. Rhoades C. Sayer B. Tulloch-williams Accountants Hicloud Accounting Limited Unit 7 Wheatcroft Business Park Landmere Lane Nottingham NG12 40G The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities, The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP IFRS 1021, Signed on behalf of the board B. Tulloch-williams Page 2
Job Change Trustees Annual Report Trustee 31 October 2025
Job Change Statement of Financial Activities for the year ended 31 December 2024 Unrestricted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities Investments Other 30,000 227,747 1,972 600 171,640 171,640 Total 171,640 171,640 260,319 Expenditure on: Charitable activities Other 166,300 78,323 180,368 160,368 160,368 Total 160,368 244,623 Net gains on investments Net income 10 11,272 11,272 15,696 Transfers between funds Net income before other gains/(losses) 11,272 11,272 15,696 Other gains and losses Other Gains 1,445 12,717 1,445 12,717 Net movement in funds 15,696 Reconciliation of funds: Total funds brought fonmard 315,596 315,596 299,900 Total funds carried forward 328,313 328,313 315,596 Page 4
Job Change Summary Income and Expenditure Account for the year ended 31 DeGember 2024 2024 2023 Income 171,640 258,347 Interest and investment income 1,972 Gross income for the year Expenditure 171,640 159,791 260,319 242,893 Interest payable 767 Depreciation and charges for Impairment of fixed assets 577 963 Total expenditure for the year Net income before tax for the year 160,368 11,272 244,623 15,696 Net income for the year 11,272 15,696
Job Change Balance Sheet at 31 December 2024 Company No. 02322852 Notes 2024 2023 Fixed assets Tangible assets 13 2,310 2,310 2,887 2.887 Current assets Debtors Cash at bank and in hand 14 329,615 19,134 348,749 {22,7461 326,003 328,313 328,313 174,580 141,351 315,931 (3,2221 312,709 315,596 315,596 Creditors: Amount falling due within one year Net current assets Total assets less current liabilities 15 Net assets excluding pension asset or liability Total net assets 328,313 315,596 The funds of the charity Restricted funds Unrestricted funds General funds 16 16 328,313 328,313 315,596 315,596 Reserves 16 Total funds 328,313 315,596 These accounts have been prepared in accordance with the special provlsions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 478 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 31 October 2025 And signed on its behalf by.. B. Tulloch-williams Trustee 31 October 2025
Job Change Statement of Cash flows for the year ended 31 December 2024 2024 2023 Cash flows from operating activities Net income per Statement of Financial Activities 12,717 15,696 Adjustments for: Depreciation of property, plant and equipment Increase in trade and other receivables Increase in trade and other payables 577 (155,0351 19,520 963 1174,5801 3,222 Net cash used in operating adivities {122,2211 1157,271) Net cash from investing activities 1,574 Net cash from financing activities Net decrease in cash and cash equivalents (122,2211 1155,697) Cash and cash equivalents at the beginning of the year 141,351 Cash and cash equivalents at the end of the year 19,130 1155,6971 Components of cash and cash equivalents Cash and bank balances Bank overdrafts 19,134 {41 141,351 19,130 141,351 Page 7
Job Change Notes to the Accounts for the year ended 31 December 2024 1 Accounting policies Basis of preparation The financial statements have been prepared in accordance vvith Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20151 (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Change In basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values, These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income, Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated seNices These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material, Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llossesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llossesl on investment assets This includes any gain or loss on the sale of investments.
Job Change Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it rolates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs, Expenditure on These comprise the costs incurred by the Charity in the delivery of its activitios and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid, These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charlty, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. Grants payable Governance costs Taxation The charity is exempt from corporation tax on its charitable activities. Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated, All gains or losses are taken to the Statement of Financial Activities as they arise, stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market, Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts, In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Page 9
Job Change Notes to the Accounts Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencies Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classif led as oporating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments, The corresponding liability to the lessor is included in the balance sheet date as a finance lease obllgation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs, Assets held under finance leases are depreciated in the same way as owned assets, Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity, Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Receipt of donated goods, facilities and services All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Company status The company is a private company limited by guarantee and consequently does not have share capital, Paoe10
Job Change Notes to the Accounts 3 Statement of Financial Activities - prior year Unrestricted funds Total funds 2023 2023 Income and endowrnents from: Donations and legacies Charitable activities Investments Other 30,000 227,747 1,972 600 30,000 227,747 1,972 600 Total 260,319 260,319 Expenditure on: Charitable activities 166,300 78,323 244,623 166,300 78,323 244,623 Other Total Net income 15,696 15,696 Net income before other gains/{losses) Other gains and losses: Net movement in fund5 15,696 15,696 15,696 15,696 Reconciliation of funds: Total funds brought fonmard Total funds carried fonvard 299,900 315,596 299,900 315,596 4 Income from donations and legacies Total 2024 Total 2023 30,000 30,000 5 Income from charitable activities Unrestricted Total 2024 Total 2023 171.640 171,640 171,640 171,640 227,747 227,747 Page11
Job Change Notes to the Accounts 6 Income from investment5 Total 2024 Total 2023 1,972 1.972 7 Other income Total 2024 Total 2023 600 600 8 Expenditure on charitable activities Total 2024 Total 2023 Expenditure on charitable activities 67,860 98,440 Governance costs 166,300 9 Other expenditure Unrestncted Total 2024 Total 2023 109,484 109,484 Other interest payable Employee costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 767 33,859 9,085 33,859 9,085 65,073 7,803 577 577 963 3,153 4,210 160,368 3,153 4,210 160,368 18511 4,568 78,323 10 Net income before transfers 2024 2023 This is stated after charging.. Depreciation of owned fixed assets 577 963 Page 12
Job Change Notes to the Accounts 11 Trustee remuneration and expenses 2024 Number 2023 Number Total employee benefits received by trustees 12 Staff costs 2024 33,859 33,859 2023 46,111 46,111 Salaries and wages No employee received emoluments in excess of £60,000. 13 Tangible fixed assets Cost or revaluation At 1 January 2024 At 31 December 2024 Depreciation and impairment At l January 2024 Depreciation charge for the year At 31 December 2024 Net book values At 31 December 2024 At 31 December 2023 14 Debtor5 12,243 12,243 12,243 12,243 9,356 9,356 577 577 9,933 9,933 2,310 2,887 2,310 2,887 2024 2023 Trade debtors other debtors Prepayments and accrued income 49,040 275,199 5,376 329,615 45,553 123,503 5,524 174,580 15 Creditors: amounts falling due within one year 2024 2023 Bank loans and overdrafts Trade creditors Other creditors Accruals 16,916 98 64 3,060 3,222 5,826 22,746 Page13
Job Change Notes to the Accounts 16 Movement in funds Incoming resources (including other At 1 January gains/losses 2024 Resourtes expended At31 December 2024 Restricted funds: Unrestricted funds: General funds 315,596 173,085 (160,3681 328,313 Total funds 17 Analysis of net assets between funds 315,596 173,085 {160, 3681 328.313 Unrestrided funds Totsl Flxed assets Net current assets 2,310 326,003 328,313 2,310 326,003 328,313 18 Reconclliation of net debt At31 December 2024 At 1 January 2024 Cash flows Cash and cash equivalents 141,351 141,351 {122,2171 1122,2171 19,134 19,134 Net debt 141,351 1122,217) 19,134 19 Related party diselosures Controlli'ng party The company is limited by guarantee and has no share capital,. thus no single party controls the company. Page14
Job Change Detailed Statement of Financial Activities for the year ended 31 Dember 2024 Unrestricted funds Total funds Total funds 2024 2024 2023 InGome and endowment5 from: Donations and legacies 30,000 30,000 Charitable activities 171,640 171,640 171,640 171,640 227,747 227,747 Investments 1,972 1,972 Other 600 800 Total income and endowments 171,640 171,640 260,319 Expenditure on: Charitable activities 67,860 98,440 166,300 Total of expenditure on charitable activities 166,300 Other expenditure 109,484 109,484 Other interest payable 767 767 109,484 109,484 Employee costs Salaries/wages Staff training 33,859 33,859 46,111 18,962 65,073 33,859 33,859 Premises costs Rent Rates Premises insurances Other premises costs 5,750 494 2,841 5,750 494 2,841 7,803 7,803 9,085 9,085 General administrative costs, including depreciation and amortisation Depreciation of 577 577 963 Page15
Job Change Detailed Statement of Financial Activities Bad debts Bank charges Software, IT support and related costs Subscriptions Sundry expenses Telephone, fax and broadband {4,0631 774 774 108 108 70 70 3,212 2,201 3,730 2,201 3,730 112 Legal and professional costs Audit/lndependent examination fees Accountancy and bookkeeping Consultancy fees 3,330 4,210 4,210 1,238 4,568 4,210 160,368 4,210 160,368 160,368 Total of expenditure of other costs Total expenditure Net gains on investments 78,323 160,368 244,623 Net income 11,272 11,272 15,696 Net income before other gains/(losses} Other Gains 11,272 11,272 15,6g6 1,445 1,445 Net movement in funds 12,717 12,717 15,696 Reconciliation of funds: Total funds brought forward Total funds carried forward 315,596 315,596 299,900 328,313 328,313 315,596 Page 16