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← Jennyruth Workshops Ltd

2025-05-31-accounts

Charity registration number 1093957 (England and Wales) Company registration number 04447730

JENNYRUTH WORKSHOPS LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

JENNYRUTH WORKSHOPS LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr D W Elsy
Mr D Grundy
Mr P Newton
Ms D Sleep
Ms N Scott
Mr J Lewis (Appointed 3 February 2025)
Mr S Gill (Appointed 3 February 2025)
Charity number (England and Wales) 1093957
Company number 04447730
Registered office Unit 5
Redhouse Farm
Bridge Hewick Newby Hall Estate
Ripon
North Yorkshire
HG4 5AY
Independent examiner Deborah Fletcher-McVay FCA
Xeinadin
Trinity House
Thurston Road
Northallerton
North Yorkshire
DL6 2NA
Bankers Virgin Money
7 Gold Street
Northampton
NN1 1EN
Solicitors Hethertons
St James Square
Boroughbridge
North Yorkshire
YO51 9AR

JENNYRUTH WORKSHOPS LTD

CONTENTS

Page
Trustees report 1 - 4
Independent examiner's report 5
Statement of financial activities 6 - 7
Balance sheet 8
Statement of cash flows 9
Notes to the financial statements 10 - 21

JENNYRUTH WORKSHOPS LTD

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MAY 2025

The Trustees present their annual report and financial statements for the year ended 31 May 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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 102) (effective 1 January 2019)".

Objectives and activities

In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on the relief of those in need and the advancement of education.

The objectives of the Charity are:

  1. The relief of people who have learning disabilities, in particular but not exclusively through the development of self-awareness, pride, dignity, confidence, social awareness, and social interaction.

  2. To advance education amongst people who have learning disabilities, in particular but not exclusively through training, skills development, and work experience.

To achieve this, Jennyruth Workshops Ltd offers training in all aspects of its operation which is built around the creation, manufacture and sale of a range of hand-crafted products. Our workers are involved the full production process from coming up with new product ideas, through to production, painting, and finishing to packaging and sales. They help with admin tasks and workplace Health & Safety checks, maintain the garden, and give workshop tours.

We have expanded our range of wooden bird boxes to include insect homes, bird feeders, trugs and decorative items for the home and garden. We also make bespoke items, such as noticeboards, potting benches and log stores to order. As workers have upskilled, we are broadening our range of sewn items, to include gift bags, dog bandanas and festival backpacks. We are also making a variety of cards and wrapping papers featuring stamped designs with hand finished detail, which are proving very popular.

We are attending an increasing number of sales events and extending our outreach activities to raise awareness of all that we do. Workers also visit local schools and groups to give talks about the Jennyruth Workshops and run craft workshops. These activities raise our profile and deepen our relationships within the local community.

Achievements and performance

We have continued to make our facilities available to a significant number of adults who have learning disabilities. Now that the premises have been extended, we have been able to welcome new workers to Jennyruth Workshops, are again approaching a maximum number, and have a waiting list for most days.

This has led to an increase in stock production which has enabled the workshop to attend more sales events throughout the year, growing our presence, our customer base and our revenue. We are also making a varied collection of bespoke products including made-to-measure sheds and log stores.

Following the completion of the extension we have been able to expand the groups and courses offered to our workers, encouraging them to try new crafts and develop new skills. Sewing and baking have both come onto the timetable and, with both male and female staff involved, we are breaking down some traditional stereotypical barriers.

JENNYRUTH WORKSHOPS LTD

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

Financial review

Placement fees continue to be our primary source of revenue, accounting for around 70% of our income. We continue to lobby with the Council for fees to be increased to a level that covers operating costs, but this is an ongoing battle and we continue to have to rely on grants, sales and fund-raising to make up the shortfall.

We were fortunate to secure grants which have helped with staff costs and also ensure that we were able to onboard new staff prior to welcoming additional workers. The support from The National Lottery Community Fund, which extends over a 3 year period, has been invaluable in our expansion. Amongst other things it has funded two positions for three years – a workshop manager and a paintshop supervisor. Other grant funding has enabled us to add to the woodwork team.

Staff costs have increased due to two factors: employing more staff required to align with increasing worker numbers and accommodate their needs; pay rises needed to ensure that we maintain an adequate gap versus National Minimum Wage which has increased steadily.

Other costs have increased slightly too relating to operating on a slightly larger scale, so more materials, training, accountancy costs and professional fees.

As we have grown, the investment in Sage is proving worthwhile, giving us timely insights into our financial position. We will need to invest in HR support as time goes on, to ensure we keep abreast of legislation and best practice.

The Statement of Financial Activities shows a deficit for the year of £23,674 compared with a surplus in the previous year of £66,796.

As we exit the financial year, we are not anticipating significant change in staff numbers, but do expect to see fee level uplifts in the short term, which should ensure that we return to a more sustainable income versus expenditure position shortly.

In terms of the balance sheet the charity remains in a healthy position with net assets of £353,518 (2024: £377,192) including cash at the bank and in hand amounting to £96,374 (2024: £137,116). Restricted funds of the charity amounted to £23,192 (2024: £511,853).

Financial Reserves

In line with guidance from the Charity Commission, we currently hold around 3 months of reserves. A total disaster hitting our operation would allow us to meet any contingency costs from this.

Plans for future periods

While the general economic climate remains uncertain, the Trustees are confident that under its present Staff and Trustees, the charity remains in a strong position to give a good account of itself in the future.

Our staff team continue to improve the worker offer. We have introduced new activities to the timetable, ensuring that we offer something for everyone, with new challenges and learning opportunities for all. Whilst our focus remains the production of high-quality hand-crafted items that we can sell, the sessions built around recycling, enterprise, and cookery have proven very popular with workers. Since many workers attend several days per week and have been doing so for years, we need to deliver a variety of sessions to keep them engaged long-term.

We have continued to make minor improvements to the workshop facilities, replacing and upgrading our equipment as the need arises. We are fortunate that organisations, and individuals, as well as more formal funders, are prepared to offer us financial support that enables us to invest carefully in improvements and new equipment.

We are committed to the consolidation of the progress and improvements achieved over the past few years, whilst at the same time being aware of possible changes in national policies for adults with learning disabilities that may require us to consider future developments.

We continue to invest in Health and Safety procedures and will be investigating HR support in the short to medium term.

JENNYRUTH WORKSHOPS LTD

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

Progress has been made in recruiting additional people who have learning disabilities who can benefit from the skills and experience available at the workshop and every effort is being made to maintain this positive trend. We continue to enjoy a very positive reputation locally, among carers and families, the Local Authority and local press and media.

We are proud of the development of our social media presence which has helped to raise our profile. Work is underway to refresh our website, streamlining the products on offer so that we can more easily maintain stock and offer faster delivery for website orders.

We have welcomed many visitors to Jennyruth Workshop over the year. Our workers love to give tours and this builds their confidence and sense of pride in coming here. We have also visited many local groups and businesses, giving our workers a rounded experience of working life.

Our policy is to engage with local businesses and other organisations to promote our workers’ skills and the amazing products they make. This will foster continuing engagement with, and support from, the local community.

Structure, governance and management

Jennyruth Workshops Ltd is a Company limited by guarantee, company number 4447730 and a registered Charity governed by its Memorandum and Articles of Association, charity number 1093957.

The Directors of the charitable company (“the charity”) are its trustees for the purposes of charity law and throughout this report are collectively referred to as the Trustees. As set out in the Articles of Association, ‘the Company shall have a Board of Trustees comprising not less than five and not more than nine persons.’

Up to seven trustees shall be elected by the membership. In addition, the Trustees may, after consultation with the Dean of Ripon Cathedral, or their representative co-opt up to two other persons to serve as Trustees.

The Chair is appointed by the Trustees from their own number.

The Trustees meet regularly to administer the charity, and individual Trustees visit regularly to keep up to date with the workers and their activities. Whilst some of Trustees work full time elsewhere, we aim to hold some meetings during the day, thereby ensuring that they see the workshop in offer them.

The Trustees, who are also the directors for the purposes of company law, who served during the year are listed below:

Mr A Burns (Retired 3 February 2025) Mr D W Elsy Mr D Grundy Dr R S Jones (Retired 23 June 2025) Mr P Newton Ms N Scott (Retired 3 February 2025) Ms D Sleep Ms N Scott Mr J Lewis (Appointed 3 February 2025) Mr S Gill (Appointed 3 February 2025)

Mr Stuart Gill has been Co-opted to the Board of Trustees until the February 2025 AGM.

All of the Trustees are members of the company and guarantee to contribute £1 each in the event of a winding up. All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses claimed by Trustees are recorded in our accounts.

JENNYRUTH WORKSHOPS LTD

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

No formal training is given to the Trustees but they are able to benefit from In-house training with staff and volunteers as well as courses provided locally by Harrogate and Ripon CVS and other local providers. Trustee guidance is also available on the Charity Commission website. We regularly use the internet for training purposes.

Recruitment is only made from those who are sympathetic to the charity’s objectives and who are prepared to be familiar with the day-to-day working of the Workshops, attend special events where possible and take an oversight of the significant aspect of the management activities.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to such risks, as far as that is possible.

The Chair and Trustees have established and continue a good relationship with our Chief Executive Officer and her staff at Jennyruth Workshops. We are made welcome and are able to share our expertise when this is appropriate.

Staff and volunteers

I should again like to finish by paying tribute to the work of our dedicated team of staff and volunteers, all of whom who bring so much to Jennyruth Workshops Ltd in innumerable ways. Without the tremendous commitment they all make the important work of the Jennyruth Workshops could not succeed and the lives of many people who have learning disabilities and their families would be all the poorer.

The trustees report was approved by the Board of Trustees.

Ms D Sleep Chairman/Trustee

26 February 2026

JENNYRUTH WORKSHOPS LTD

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF JENNYRUTH WORKSHOPS LTD

I report to the Trustees on my examination of the financial statements of Jennyruth Workshops Ltd (the charity) for the year ended 31 May 2025.

Responsibilities and basis of report

As the Trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Deborah Fletcher-McVay FCA

Xeinadin Trinity House Thurston Road Northallerton North Yorkshire DL6 2NA Date: ............................

JENNYRUTH WORKSHOPS LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MAY 2025

Current financial year Unrestricted Unrestricted Restricted Restricted Total Total
funds funds
2025 2025 2025 2024
Notes £ £ £ £
Income from:
Donations, legacies and core grants 2 33,935 - 33,935 17,262
Charitable activities 3 428,725 85,745 514,470 492,088
Other trading activities 4 9,963 - 9,963 10,062
Investments 5 2,309 - 2,309 2,234
Insurance income - - - 21,703
Total income 474,932 85,745 560,677 543,349
Expenditure on:
Raising funds 6 2,074 4,500 6,574 3,118
Charitable activities 7 469,743 108,311 578,054 473,193
Other expenditure 10 52 - 52 130
Total expenditure 471,869 112,811 584,680 476,441
Net gains/(losses) on investments 11 329 - 329 (112)
Net income/(expenditure) 3,392 (27,066) (23,674) 66,796
Transfers between funds 1,595 (1,595) - -
Net movement in funds 4,987 (28,661) (23,674) 66,796
Reconciliation of funds:
Fund balances at 1 June 2024 325,339 51,853 377,192 310,396
Fund balances at 31 May 2025 330,326 23,192 353,518 377,192

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

JENNYRUTH WORKSHOPS LTD

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MAY 2025

Prior financial year Unrestricted Unrestricted Restricted Restricted Total
funds funds
2024 2024 2024
Notes £ £ £
Income from:
Donations, legacies and core grants 2 17,262 - 17,262
Charitable activities 3 365,238 126,850 492,088
Other trading activities 4 10,062 - 10,062
Investments 5 2,234 - 2,234
Insurance income 21,703 - 21,703
Total income 416,499 126,850 543,349
Expenditure on:
Raising funds 6 3,118 - 3,118
Charitable activities 7 375,203 97,990 473,193
Other expenditure 10 130 - 130
Total expenditure 378,451 97,990 476,441
Net gains/(losses) on investments 11 (112) - (112)
Net income 37,936 28,860 66,796
Transfers between funds 4,595 (4,595) -
Net movement in funds 42,531 24,265 66,796
Reconciliation of funds:
Fund balances at 1 June 2023 282,808 27,588 310,396
Fund balances at 31 May 2024 325,339 51,853 377,192

JENNYRUTH WORKSHOPS LTD

BALANCE SHEET

AS AT 31 MAY 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 13 211,351 215,658
Investments 14 1,166 837
212,517 216,495
Current assets
Stocks 15 22,248 22,500
Debtors 16 38,354 32,116
Cash at bank and in hand 96,374 137,116
156,976 191,732
Creditors: amounts falling due within 17
one year (15,975) (31,035)
Net current assets 141,001 160,697
Total assets less current liabilities 353,518 377,192
The funds of the charity
Restricted income funds 18 23,192 51,853
Unrestricted funds 330,326 325,339
353,518 377,192

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 26 February 2026

Ms D Sleep Chairman/Trustee

Company registration number 04447730 (England and Wales)

JENNYRUTH WORKSHOPS LTD

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MAY 2025

2025 2024
Notes £ £ £ £
Cash flows from operating activities
Cash (absorbed by)/generated from 22
operations (25,234) 71,158
Investing activities
Purchase of tangible fixed assets (17,817) (47,610)
Investment income received 2,309 2,234
Net cash used in investing activities (15,508) (45,376)
Net cash generated from financing activities - -
Net (decrease)/increase in cash and cash
equivalents (40,742) 25,782
Cash and cash equivalents at beginning of year 137,116 111,334
Cash and cash equivalents at end of year 96,374 137,116

JENNYRUTH WORKSHOPS LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

1 Accounting policies

Charity information

Jennyruth Workshops Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 5, Redhouse Farm, Bridge Hewick Newby Hall Estate, Ripon, North Yorkshire, HG4 5AY.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention modified to include the fair value of investments. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.

Wood and other raw materials used in the workshop are donated by third parties, it is not possible to quantify the value of these donations so they are not included in the accounts.

Incoming resources from charitable trading activities are accounted for when earned.

Investment income is included when receivable.

JENNYRUTH WORKSHOPS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Raising funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs of a direct and indirect nature necessary to support them.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold building improvements 10%/ over 20 years on a straight line basis Plant and machinery 33%/25%/20% straight line Computers 20% straight line Motor vehicles 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

JENNYRUTH WORKSHOPS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2025

2 Income from donations, legacies and core grants

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 18,935 17,262
Grants 15,000 -
33,935 17,262
Grants
Discretionary Grant Fund 15,000 -
15,000 -

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JENNYRUTH WORKSHOPS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2025

Performance related grants analysis

2025 2024
£ £
Woodwork Tools Fund - 9,550
Door Openers Fund - 3,000
Shears Foundation - 5,500
The National Lottery Community Fund 71,995 36,350
Staff funding grants received 10,000 60,000
Two Ridings Community Foundation - 10,000
The Needler Memorial Foundation 3,750 -
Other grants receivable - 2,450
85,745 126,850

Further information on performance related grants received is disclosed in Note 18.

4 Income from other trading activities

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising events 9,963 10,062
Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Income from listed investments 53 50
Interest receivable 2,256 2,184
2,309 2,234

5 Income from investments

6 Expenditure on raising funds

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Trading costs
Other trading activities 2,074 4,500 6,574 3,118 - 3,118

JENNYRUTH WORKSHOPS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

7 Expenditure on charitable activities

2025 2024
£ £
Direct costs
Staff costs 439,219 339,907
Depreciation and impairment 22,072 19,314
Legal and professional fees 4,885 851
Heat and light 9,917 8,615
Repairs and maintenance 1,458 5,548
Postage, printing and stationary 2,470 2,511
Training 2,142 1,984
Staff subsistence and expenses 1,652 900
Rent and rates 32,632 29,749
Computer costs 2,009 3,069
Motor vehicle costs 4,243 5,583
Cleaning materials 8,178 3,357
Bank and paypal charges 366 611
Sundry expenses 567 181
Accountancy 3,540 2,520
Premises expenses 17,944 27,468
Materials 21,025 21,025
574,319 473,193
Analysis by fund
Unrestricted funds 469,743 375,203
Restricted funds 108,311 97,990
578,054 473,193

Accountancy costs of £3,540 (2024: £2,520) include fees in relation to the independent examination and other accountancy and tax services payable to the Independent Examiner.

8 Trustees

During the year one Trustee was reimbursed travel expenses totalling £104 (2024 - £238). None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year or in any previous year.

9 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
18 15

JENNYRUTH WORKSHOPS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

9 Employees (Continued)
Employment costs 2025 2024
£ £
Wages and salaries 404,249 315,800
Social security costs 26,985 17,871
Other pension costs 7,985 6,236
439,219 339,907

There were no employees whose annual remuneration was more than £60,000.

10 Other expenditure

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2025 2024
£ £
Net loss on disposal of tangible fixed assets 52 130
Gains and losses on investments
Unrestricted Unrestricted
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments 329 (112)

11 Gains and losses on investments

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

JENNYRUTH WORKSHOPS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

13 Tangible fixed assets

Tangible fixed assets
Leasehold
Plant and
Computers		 Motor Total
building
machinery		 vehicles
improvements
£ £ £ £ £
Cost
At 1 June 2024 212,580 102,270 9,005 48,555 372,410
Additions 12,484 3,076 2,257 - 17,817
Disposals - (600) - - (600)
At 31 May 2025 225,064 104,746 11,262 48,555 389,627
Depreciation and impairment
At 1 June 2024 43,840 76,755 3,682 32,475 156,752
Depreciation charged in the year 9,308 7,081 1,663 4,020 22,072
Eliminated in respect of disposals - (548) - - (548)
At 31 May 2025 53,148 83,288 5,345 36,495 178,276
Carrying amount
At 31 May 2025 171,916 21,458 5,917 12,060 211,351
At 31 May 2024 168,740 25,515 5,323 16,080 215,658

14 Fixed asset investments

Listed
investments
£
Cost or valuation
At 1 June 2024 837
Valuation changes 329
At 31 May 2025 1,166
Carrying amount
At 31 May 2025 1,166
At 31 May 2024 837
15 Stocks
2025 2024
£ £
Raw materials and consumables 22,248 22,500

JENNYRUTH WORKSHOPS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

16 Debtors

Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 19,426 17,235
Other debtors 5,055 4,154
Prepayments and accrued income 13,873 10,727
38,354 32,116

17 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2025 2024
£ £
Other taxation and social security 8,896 7,872
Trade creditors 48 47
Other creditors 4,451 17,476
Accruals and deferred income 2,580 5,640
15,975 31,035

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 June
Incoming
Resources
Transfers
Transfers		 At 31 May At 31 May
2024 resources expended 2025
£ £ £ £ £
Needler Trust 5,000 3,750 - - 8,750
Woodwork Tools Fund 7,550 - - - 7,550
Shears Foundation 5,500 - (5,500) - -
The National Lottery
Community Fund 12,803 71,995 (76,311) (1,595) 6,892
Staff funding 15,000 10,000 (25,000) - -
Two Ridings Community
Foundation 6,000 - (6,000) - -
51,853 85,745 (112,811) (1,595) 23,192

JENNYRUTH WORKSHOPS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

18 Restricted funds (Continued) (Continued)
Previous year: At 1 June
Incoming
Resources
Transfers		 At 31 May
2023 resources expended 2024
£ £ £ £ £
Needler Trust 5,000 - - - 5,000
Social Enterprises Support
Fund 7,588 - (7,588) - -
Rank Foundation 15,000 - (15,000) - -
Woodwork Tools Fund - 9,550 (905) (1,095) 7,550
Door Openers Fund - 3,000 (3,000) - -
Shears Foundation - 5,500 - - 5,500
The National Lottery
Community Fund - 36,350 (20,047) (3,500) 12,803
Staff funding - 60,000 (45,000) - 15,000
Two Ridings Community
Foundation - 10,000 (4,000) - 6,000
The Local Fund - 1,500 (1,500) - -
Ripon Council re Poppy Project - 950 (950) - -
27,588 126,850 (97,990) (4,595) 51,853

The Needler Trust Fund consists of £5,000 to purchase electronic magnifiers, and £3,750 to purchase lockers, which were not yet purchased at the year end

The Woodwork Tools Fund consists of three grants received for the purchase of various woodwork equipment. £7,550 of which was available to be spent at the year end.

The Shears Foundation provided a grant of £5,500 to fund a baking and sewing group. This was fully spent during the year.

Funds were received from The National Lottery Community Fund for the employment of two additional members of staff over three years, as well as other associated expenditure. A transfer has been made for capital items purchased in the year. This project was ongoing at the year end.

Various grants were received in the year to contribute to additional staff costs, all of which were spent by the year end.

The Two Ridings Community Foundation fund was received to cover a sales diversification plan. This was fully spent during the year.

JENNYRUTH WORKSHOPS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

19 Analysis of net assets between funds

Unrestricted Unrestricted Restricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 31 May 2025:
Tangible assets 211,351 - 211,351
Investments 1,166 - 1,166
Current assets/(liabilities) 117,809 23,192 141,001
330,326 23,192 353,518
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 May 2024:
Tangible assets 215,658 - 215,658
Investments 837 - 837
Current assets/(liabilities) 108,844 51,853 160,697
325,339 51,853 377,192

20 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025 2024
£ £
Within one year 26,000 25,480
Between two and five years 104,000 104,000
In over five years 156,000 182,000
286,000 311,480

21 Related party transactions

During the year the charity received placement income totalling £2,655 (2024 - £22,414) from trustees, key management and their close families. The income was received without conditions and on equivalent terms to other parties.

JENNYRUTH WORKSHOPS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2025

22 Cash (absorbed by)/generated from operations 2025 2024
£ £
(Deficit)/surplus for the year (23,674) 66,796
Adjustments for:
Investment income recognised in statement of financial activities (2,309) (2,234)
Loss on disposal of tangible fixed assets 52 130
Fair value gains and losses on investments (329) 112
Depreciation and impairment of tangible fixed assets 22,072 19,314
Movements in working capital:
Decrease/(increase) in stocks 252 (2,780)
(Increase)/decrease in debtors (6,238) 5,660
(Decrease) in creditors (15,060)
(15,840)
Cash (absorbed by)/generated from operations (25,234) 71,158

23 Analysis of changes in net funds

The charity had no material debt during the year.

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