Registered Charity110956121 Registered Company13932262) Report of the Trustees and Financial Statements For The Year Ended 28 February 2025 for The Jasmine Trust KETTLEWELL Co Chartered Certified Accountants
The Jasmlne Tntst Report of Trustees Independerrt Examlners report Statement of financial activities Balance sheet Notes to the flnandal statements SL13
The Jasmlne Trust Rwrt of the Trustee5 The Trustees/Mana8ement Commlttee presents their report and unaudlted financlal statements for the year ended 28th February 2025. rewwntlng the perfod i# March 2024 to 28th February 202S Reference and •dmlnbtrJtFde Infwm Charfty Name: Charlty registratlon number: Company reglstratlon number. Re8lstered office and (yeratlonal addres5: The Jasmlne Trust (m 1095612 3932262 Babworth CoufL Babworth, Retford DN22 8EW Susan Hu8hes Ann 08ley Susan Keeton Mary Jarrett ftetlred (Ui-25 Employees: Centre Educatlon Manager (CEM) caro aarke Centre Operatlons Manager {COM) Dave aarke Admlnlstratlon Asslstant Julle Roblnson KeteIl & Co. Ltd Retf¢)rd Enterprlse Centre Randall Way Retford DN22 76R BankeTh: TS8 Bank PO Box 373 L514 9GQ To advance publlc educatlm In the dasskal teathlng of y4)ga s¢lence and to malntaln and Improve the standards of teach1 yoga. To promote and advan forthe public benefft. the sw and prnctlo of and the researth Into, the therapeutlc eflects of yoia as a means of Improving the mentsl and SpIrfal health of the community. and to publlsh the useful results of any research. In settfn8 our objectfves and plannlng for future actlvltles the Trustees have had regard to the commlssloner's general gUIdan on publlc benefft
The Jasmlne Trust Report of the Trustees The Trust has erKleavoured to achleve Its objectfves by the followlng means: Pollcl The Trust continues to manage Itself wlthln the framework of its policies, all of which are reviewed annually. Addltlons are created when required. The Trust employs three people: Centre Education Manager (Full tlme), Centre Operations Manager (Part t5me) and an Administration Assistant (Part time). Stsff appraisals have been carrled out Salarles are revlewed annually. The CEM Is stlll enrolled in NEST- the COM has moved into Part tlme worklng and has chosen to finlsh hls penslon provlslon. All paperwork 55 In order. d Voluntee There were four trustees at the commencement of the perlod and one reslgned January 2025. The Trust contlnues to enjoy the support of volunteers. Trustees have been contrlbutlng to meetlngs, developlng pollcle5 and stlll emotlonally supportlnE stsff members. uslness act CEM and Admlnlstratlve Asslstant (AA) have enabled students to access the booklng system and kept da55e5 running smoothly throughout the year for those who have attended. stlll many particlpants are only paylna for one class at a tlme whlch makes class management a Ilttle erratlc and mlnlmlzes the income streams forJT. The Trust maintained the bullding Babworth Court wlth the COM replaclng batteries in the flre alarms and repladng the l¢xk on the main door, helping to maintain safety throughout. His dutles Indudes keepln8 the building dean and in good order. Studlo attendance for Monica Voss. Peter Blackaby. the Summer and Chrlstmas programmes were all well attended. The proposed new BWYQTeacherTralnlnE course has not materlallsed whlch has mlnimised our Income stream. We hope that thls will come to fruitlon In 2025- 26. We have a pool of 4 local teachers- 2 of whlch are now offering classes in the bulldln8 and one who has offered to do supply work when main tutors are away or unavailable. Extemal tutor costs have Stsyed hlgh due to the number of dasses belng run at the beginnin8 of the year-thls15 mlnlmislng throughout the year. CEM holds the role of AGLO (Accredlted Group Liaison Officer for the UK 8overnlng body 8WY). This could be useful if JT have to arrange their own teaching course in the future.
The Jasmlne Trnst Report of the Trustees The Fadlltles lincluding 8abworth Court and grounds) The hlrfng out of the maln studlo recommenced uslng advertlslng soclal medla and webslte sour$ to encourage local teachers to hire the ntre at weekends. This has brought an Increase In thls Income stream over the year. rketl As well as the reont new webslte whlch stlmulates bcokln8 and advertlsln& JT Invested In a paper advertising to enable a Open Day d to Tun in March 2025. Social medla advertislng is maintained by the AA and continues to improve coverage. provldlng a wlde ranging portal. Instagram has not been pursued - it is very time consuming and needs more man hours than the trust has avallable to It. The AA has organised a paBe on Trip Adv150r. the Influence of thls Is yet to be felt. Word of mouth and posters in local shops are both ways In whlch JTfinds local advertising. The Perlod saw contributions of £10,000 from Whltaker Charitable Trust for general use wlthln the Trust. As thls finandal year ends. Jasmlne Trust Is workin8 to malntsln classes and events wlth plans to - Offer new general classes run by new teachers as they practlce thelr skllls to bulld teachlng confidence and draw them into the established teachlng pool. A paper based advertÈsing campalgn Is already In place for March 25 to support the Trusts 25 year annlversary Open day event. Expand the demographic of attendees by approathirbg spe¢ific or8anlsatlons to offer classes to suit their participanvs needs. Continue developlng seMIna workshops and speclallst classes using Jr stafps expertise including pranayama and medltatlon sesslons. Helghtsn our Income rtream by offerlng discounted Hire packages to local teachers - target of 25 session hires over 25-26 (one fcr each year of buslness). Commence a new BWYQ Certificate in Teachlng Yoga course. Advertise and potentially commence a new BWYQ Progression in Teachlng Yoga course. Reserves Pol Reserves are held In the Current, Project Savings and Buy a Brlck accounts. Rlsk Revlew Major rf5k5 to whlch JT may be exposed are revlewed on a re8ular basls by the Management Committee and systems are In place to mttlgate those rlsks. The Covld rlsk has agaln been mlnlmlsed by Sport England wfthin its guldance for yo8a centres. however Jr encourages cllents who show any signs of colds or CovSd not to attend class as a consideratlon for our other attendees. Thls leads to the risk of reduclng income streams whlch are constsntly under revlew. The second significant risk is the unsettled state of BWY- the goveming body of Yoga through whlch we run our trainin8 courses. The yoga market and the tutors wlthln BWY have lost confidence In the stabiiityof the orEanlsatlon. Ir are looking at different ways of runnlng courses- an ongoing proces5. The thlrd m05t slgnfficant rlsk could be related to the Safe practlce of yoga (a physlcal activity) and Jfs pollcy of ensurlng that all members of staff arKI visitin8 tutors are either fully quallfied or on a reco8nised tralnlnE pro8rnmme Is an added safe8uard. The safe8uard Is that once qualified or on a recognised tralnlng programme, they are fully and adequately insured.
The Jasmine Trust Report of the Trustees The net loss generated by tlR ongoin& ordinary activities of the Trust for this financlal year totalled £6,437. Thls show5 a downward trend SIn 2023- 24. Income generatlon15 sufferln8 from not havlng a teacher tralnlng course In place; a small Increase In numbers In general yoga classes and Semlnar attendance do show stable Income. Expendlture contlnues to rlse even though we have been prudent In our spendlng and reduced out8olngs as much as posslble. The challenge of ma5ntalnlng stablllty In class number515 5tlll somethlng that our tsachers report as 'oncernln¢ and Is drlven by Contlnued Increase In competltlon In the area- there are now around 10 studlos wlthln a slx mlle radlus around More students golng on hollday durln8 term tlme. CEM'S IQA revenue 1$ chan8eable and Is Influenced by a downturn Sn BWY tralnlng courses- thls Income stream dld see one off course vlslts over 2024- 25 flnandal year. As can be seen our future plans are workln8 at redressln8 thls. The Trust net resources are expanded by donatlons from Whltsker Charltsble Trust of £l¢JOOO The totsl funds generated for the year were attrlbirted to general reseNes whlch n¢>w stand at £22,689 Compony Law requlres the Management Commlttee to prepareflnanclal statementsfvr eachfinanciolyear whlch glve a true andfvlr vlew of the stote of the affolrs of the charftable company as ot the balonce sheet dote and of Its Incomlng resourcesfvr the flnanclalyear. In preporlng those statements the Dlrertors 5houldfvllow bestprartlce ond.. o Selertsultable accountlng polldesand tlKn apply them conslstently. o Make Judgements and estlmates that are reasonable UndPnent. o Prepare thefinandalstatements on the golnq concern bosts unless It Is Inapproprlate to ¢755ume that the compony WHI contlnue on thls bas1& The Dlrectors are responslble for maintalnln8 proper accountlng records whlch dlsclose wlth reasonable accuracy at any tlme. the flnal posltlon of the charStsble company and enable them to ensure that the financlal statements comply wlth the Company's Act 21JO6. The Dlrectots are also responslble for safeguardlng the assets of the charltable company and hence for taklng reasonable steps for the preventlon and detertlon of fraud and other Irregularltles.
The Jasmlne Trust Report of the Trustees Members of the charltable com The Dlrectors of the company for the purpose of company law are Trustees for the purpose of charity law, and those who served durlng the year and up to the date of thls report set out on pa8e one. Members of the charltable company guarantee to contrlbute an amwnt not exceedlng £10 to the assets of the charltable cornpany in the event of winding up. The total number of such guarantees at Febwary 2025 was 3. The Trustees agaln wlsh to acknowledge the hard wtyk and great effort put In by the CEM, the COM and the AA over another perlod. Thls has enabled the centre to be as vlable as p0551ble under extremely thallengin8 tlme5, contlnulng to meet Its oblertlves wherever posslble. Thls report has been prepared In accordan wlth the Statement of Recommended Practlce Accountlng and Reportlng by alarltles, and In accordance wtth the small companles exemptlons provlded In sertlon 415A of t Company's Act 2006. Approved on 16th September 2025 arKI slaned on behalf of the trustees by Susan Hushes S.M. FIHghts
Independent Exarnlnees Report to the trustees of The Jasmine Trust For the year ended 28 February 2025 I report to the trustees on my examinatlon of the accounts of The Jasmine Trust for the year ended 28th February 2025. whlch are set out on pages 7 to 13. Responslbllitles and basis of report As the charlty trustees of the Trust you are responslble for the preparatlon of the accounts In accordance wlth the requirements of the Charltles Act 2011('the ACV). I report In respect of my examlnatlon of the Trustee's accounts carrled out under sectlon 145 of the 2011 Act and In carrylng out my exarnlnatlon I have followed all the appllcable Dlrectlon$ given by the Charlty Commlsslon under 5ertlon 145{5){bl of the 2011 Act. Independent examlnerfs statement I have completed my examlnatlon. I conflrni that no materfal matters have come to my attentlon In connectlon wlth the examlnatlon 8lvlng me cause to belleve that In any materlal respect: (11 accountln8 rerdS were not kept In respect of the Trust as requlred by sectlon 130 of the Ac¢. or (21 the accounts do not accord wlth those records; Dr (31 the accounts do not comply wlth the applicable requlrernents concemln8 the form and content of accounts set out in the CharitSes {Accounts and Reports) Re8ulatlon$ 2008 other than any requlrement that the accounts glve a 'true and fair whlth Is not a matter consldered as part of an Independent examlnatlon. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. A Kettlewell FCCA Kettlewell&Co Llmlted Chartered Certlfled Accountants Retford Enterprlse Centre Randall Way Retford Nottlnghamshire DN22 7GR 16th September 2025
The Jasmlne Trurt IInu)TplI Inmme and Expenthire A¢¢4wntl Total Funds Tot•1 Funds 2024 Voluntary In¢ome Donatlons 8rlck fund donatlons Actlvlttes for generatlng funds Sale of goods Hlre of facllitles 8ank Interest recefvable Actlvltles to further the charlty's obJects Promotlon and Instrurtlon of physlcal well-belfi8 artl¥ltles iO.LX 10,000 10.000 io 1,230 371 74 1.230 371 42,617 42.617 55,051 Totsl Incomlfts rasour¢o1 54,228 54.228 65,911 lourus ¢¥pended Attountancy Advertlsln8 Amortbatlon Bank charges 8ank char8es- Square Computer & webslte costs Charltable donatlons made Depreebatlon External tutors Good5 for resole Health and safety Household and office supplle5 Insurance Uaht. heat and water Paypal charges Prlntln& postage and statlonery RegiratIOn fees Rent arKI rates Repalrs and malntenance Salarles Staff penslons Securlty Telecommunicatlons Travel and subslstence 960 512 960 512 14.160 165 154 960 14,160 14,160 157 118 1.995 270 18 10,202 74 375 1,187 L853 2,401 512 20 165 154 225 125 9.394 9.394 923 923 2.961 414 247 155 2.437 561 38y2 542 112 420 342 2,961 414 247 155 2,437 561 38,342 542 112 420 342 2,431 3,121 38,161 927 194 60,665 160 74 79,7 Net resources (expended118enerat¢d- net (expenditurnvlnwme for the year (6.437) 114,160) (20,5971 113,7931 Total funds at l M•r¢h 2024 29,126 114,464 143.590 157.382 Totsl funds at 28 February 2025
The Jasmlne Trust Balance Sheet as at 28th February 2025 2025 2024 Notes Flxed assets Tangible assets 100,304 114 Current assets Stocks - goods for resale Debtors Cash at bank and In hand 99 435 24,336 24.870 106 1,045 31,851 33.002 Credlt¢x$ Amounts falllng due wlthln one year Deferred Income 1,039 1,142 2.181 1.376 2,500 3.876 Net ¢Uff•nt assets 12,689 29,126 Net aets 122.993 143,590 Represented by: Restrlrted funds General funds io io 100,304 22,689 114,464 29,126 Total funds li 122,993 143.590 For the financlal year ended 28 February 2025 the charltable company was entltled to exemptlon from audlt under sertlon 477 Companles Act 2006 relatlng to small companles. Dlrortors. responslbllftles: The members have not requlred the company to obtaln an audlt of Its accounts for the year In question in accordance with 5ertlon 476. The directors acknowledge thelr responslblllt5es for complylng wlth the Act wlth respect to accountln8 records and preparation of accounts. These accounts are prepared In accordance wlth the provlsSons appllcable to companies subject to the small Companles re8lme. On behalf ot the board. *vLLLILx?L-6 . Susan Hugheg Dlrector Dated: 16th September 2025
The Jasmine Trust Notes Forniing Part Of The Financial Statements For The Year Ended 28th Febn*ry 2025 l Accountlng Pollcles 1.1 Basls of preparatlon The financial statements have been prepared In accordance with the 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)) (issued in October 2019) (Charities SORP (FRS 102)), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Jasmine Trust meets the definition of a public benefrt entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless Otherwise stated in the relevant accounting policy note(s). 1.2 Preparatlon of the accounts on a going concern basls The accounts have been prepared on a going conern basis. The trustees consider that the are no material uncertalncies about The Jasmine Trust's ability to continue as a going concern. 1.3 Fund accountlng Restricted funds are to be used for specffic purp05e5 as laid down by the donor. Expenditure which meets these criteria is charged to the fund. The Trust has disuetion to Use unrestricted funds for projects to meet the Charitsble Company's objertives. 1.4 Income Recognltlon Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the itemls) of income have been met. it is probable that the income will be received and the amount can be measured reliably. Where income has related expenditure (as with fundralsing or contract income), the income and related expenditure are reported gross in the Ststement of Financlal Activities. Donations, grants and glfts are recognised when receivable. In the event that a donation Is subject to fulfilling performance conditions before the tharity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fvlfilled in the reporting period. 1.5 Donations Donations and rnonies recelved from grants are included in the accounts of the year to whlch they relate. Expenditure and any specific donations are both included in the same relevant year. 1.6 Interest receivable Interest receivable is accounted for as it accrues.
-1 The Jasmine Trust Notes Fornilng Part OfThe Hnandal Statements For The Year Ended 28th February 2025 1.7 Tanglble fixed assets The cost of Tanglble Ftxed Assets are capitalised in the Balance Sheet. Depreclatlon Is provided to write off the cost or revaluated amount, less an estimated residual value. of all flxed assets evenly over thelr expected economlc useful lives on a straight line basis. Leasehold Improvements are amortised over the perlod of the lease, 20 years. 1.8 Stock Stock Is valued at the lower of cost and net reallsable value, after maklng due allowances for obsolete and slow moving items. 1.9 1)ebtors Trade and other debtors are reco8nSsed at the settlement amount due after any trade dlscount offered. Prepayments are valued at the arnount prepaid net of any trade dlscounts due. 1.10 Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highty liquld Investments wlth a short maturlty of three months or less from the date of acquisttion or openlng of the deposit or slmllar account. 1.11 Credltors and provlslons Creditors are recognised where the charity has a present obligatlon resultln8 from a past event that wlll probably result In the transfer of funds to a third party and the amount due to settle the obligatlon can be measured or estlmated reliably. Credltors are nornially recognised at thelr settlement amount after allowlng for any trade dlscounts due. 1.12 Taxatlon The company Is exempt as It meets the defionition of a charitable company for UK Corporatlon tax purposes. 2 Members Guarantee The Company is a reglstered charity limited by guarantee with the liablllty of each of the current members belng limited to £10.
-11- The Jasmlne Trust Notes Formlng Part Of The Flnanclal Statements For The Year Ended 28th February 2025 3. Incomlng resourtes from actlvltles to further the charlty's objectlves Total 2025 Total 2024 Unrestrlcted Restrlcted Yoga classes Flrst Ald Tralnlng Semlnars & Events Teacher tralnlng Indlvldual tultlon Verlflers, fees 29,399 670 9,072 1,157 29,399 670 9,072 1.157 644 1,676 33,136 733 6,053 13,942 728 1,676 42,617 42,617 55,051 4. Net Incomln8 resources for the year Thls Is ststed after chargln 2025 2024 Amortlsatlon Depreclatlon 14,160 14,160 18 5. Staff costs and numbers 2025 2024 Gross Salaries Penslon contrlbutlons Soclal securlty costs 38,342 542 38,161 927 38.884 39.088 The average weekly number of employees durlng the year, calculated on the basls of full-tlme equivalents was as follows; 2025 2024 Dlrectors Adminlstratlon and support Total
The Jasmlne Trust Notes Fornilng Part Of The Flnanclal Statements For The Year Ended 28th February 2025 6. Tangible fixed assets FUrnire, flxture5 & equlpment Leasehold land and bulldlngs Total At l March 2024 Addltlons In year 283,213 22,717 305,930 At 28 February 2025 283,213 22.717 305,930 Depreclatlon/Amortlsatlon At l March 2024 Charge for the year At 28 February 2025 168,749 14,160 22,717 191,466 14,160 205.626 22,717 Net book value At 28 February 2025 100,304 100,304 At 29 February 2024 114,464 114,464 7. Debtors 2025 2024 Sundry debtors Prepayments 435 1,045 1,045 435 8. Credltors; amounts fallln8 due within one year 2025 2024 Taxatlon and soclal securlty Trade credltors Other creditors Accruals 79 416 960 1,039 960 1,376
-1> The Jasmlne Trust Note5 Forniing Part Of The Flnanclal Statements For The Year Ended 28th Febnry 2025 9. Deferred Income 2025 2024 Income receSved In advance 1,142 1.142 2,500 10. Analysls of net assets between funds General fvnds De51gnated Restrlrted funds funds Total funds Tanglble assets Current a55ets Current Ilablllties Net assets at 28 February 2025 100,304 100.304 24.870 (2.181) 122,993 24,870 (2,181) 22.689 100,304 11. Movements In funds At l March 2024 Incomlng Outgol At 28 February 2025 Unrestrlcted funds General funds Restricted funds 29,126 114,464 $4,228 60.665 14,160 22,689 100,304 Total fvnds 143,590 74,825 122,993