JUSB Limited Registered Charity Number: 1099401 Company Registration Number: 04867114 Trustees, Report and Accounts for the year ended 31 March 2024 A BRIGHTER FUTURE FOR YOUNG PEOPLE
Working for the Young People of Bromley The Trustees of JUSB present their report and accounts for the peri l April 2023 to 31 March 2024 Referen and Administrative Details Trustees (who are also Directors of JUSB Ltd) Roger Brighton Michael Deve5 David Charles Hullah (Chair) Stuart Andrew Lancaster Rebecca Emily Hedges (resigned 21 Ottober 2024) Helen Louise Oakes (resigned 5 April 2024) Project Manager: Ned Mcwhirter (until 3 August 2023) Tina Jalloh (from 10 Ottober 2023 to 8 March 2024) Registered Charity Number: 1099401 Company Registration Number: 04867114 Prlncipal AddresslRegistered Offi. Bankers: 51 College Road Bromley BRI 3PU Barclays Bank Leicester LS87 2BB Amended 17 September 2024 to: 92 Madeira Avenue Bromley BRI 4AS Independent Examlner: Anne Clements M.A. (Oxon) 52 Ravensbourne Avenue Bromley BR2 OBP Contents Page Trustees, Report Page 4 - Financial Review Page 4 - Public benefit Page 5 - Risk Management Page 5 - Employment Page 5 - Strutture, Governance and Management Independent Examiner's report to the Trustees of JUSB Limited Statement of financial activities for the year ended 31 March 2024 io lance sheet as at 31 March 2024 11-16 Notes to the accounts
Trustees. Report These 12 months proved exceptionally difficult for JUSB in being able to generate the reqUId funds to undertake its activities. As mentioned in the previous year's Report, a "Save JUSB" campaign commenced in March 2023 with the objertive of raising a minimum £75,000 by the end of June to cover 6 months of expenditure, to allow time for other fundraising attivities and grant applications to come to fruition. In the event, due to some very generous donations from our supporters, just over £83,000 was generated through this campaign (of which almost £80,000 is recognised in the income shown for this financial year). Given the financial uncertainty it was necessary to issue statutory redundancy notices to all staff in May 2023 although as the situation gradually improved through the "Save JUSB" campaign it was possible, with the consent of the staff, to withdraw these notices. However, our then Project Manager, Ned Mcwhirter, decided that after 15 years with JUSB the time was right for him to move on and accept the redundancy offer. We were very sad to see Ned go in July 2023, but greatly appreciative of his huge contribution to JUSB over the years. After advesIng for a new Projett Manager we appointed the then senior Youth Worker, Tina Jalloh, to the position in October. Against the backdrop of this financial uncertainty, attivities with the young people continued in similar fashion to cent years. Unfortunately, despite our best efforts, fundraising activities did not produce the desired monies and in December it was once again necessary to issue statutory redundancy notices to staff, effective as at 8 March 2024. The young people enjoyed a final, celebratory event on l March, performing musical and other artistic attivities, accompanied by food, effecbvely drawing to a close the youth attivities of JUSB after 20 years of existence. The financial problems experienced during the year were not helped by the artlons of Barclays Bank which, as part of an exercise to update its Know Your Customer records, duly lost documentstion which was sent to it, causing a huge amount of JusB's staff time to be devoted in responding. Ultimately, Barclays closed the JUSB bank accounts at the end of Ortober 2023 although when questioned about this the following day conceded that an error had been made. However, it still took until almost the end of November for the bank accounts to be reactivated, with a derisory offer of compensation made. When the matter was not addressed to the satisfaction of the trustees, a formal complaint was made to the Banking Ombudsman, After a lengthy process the Ornbudsman found in favour of JUSB although the period of time taken, together with the relatively minimal compensation which was approved (£935, received in October 2024) compared to the hours spent on the bank's original and spurious demands, meant that JusB's continued existence could not be perpetuated. Following the redundancy of the staff on 8 March 2024 the trustees commenced the process of winding down the charity. this was still in progress as at the end of the financial year.
Financial Review Income received was £96,932 compared with £81,754 in the previous year (albeit down from £150,417 In the year 2021122). The bulk (£79,968) of this income reflected the results of the"Save JUSB" campaign as no formal grants were secured. Overall, a deficit of £64,103 (2022123: deficit of £44,992) was inCued in the year. The Trustees would like to acknowledge the support and assIStan that JUSB received from all their supporters. Donors included,. Bromley &ptist Church Bromley Parish church (St Peter & St Paul) Jack Petchey Foundation Judge and Priesdey Pamela Champion Foundation St Mary's Church, Shortlands Trinity Bromley United Reformed Church Wax Chandlers And many individuals. Reserves policy The trustee5 have previously aimed to maintsin unrestrirted fvnds at a level which allowed the charity to operate in the event of unforeseen circumstances, especially as the amounts and timings of grant Income were often unpredirtable and varied. This translated into a policy of trying to maintain unrestritted reserves sufficient to cover 6 months of unrestricted expenditure, plus an additional £35,000 which was deemed sufficient to ernSU that, in the event of shutdown, JUSB had the means to ttle all its outstanding liabilities. The above policy has proven to have been the correct Strategy. As at 31 March 2024 total reserves stood at £20,460 (being entirely net currnt a55ets and comprising solely unrestricted funds), which, having already made redundancy payments to staff, will permit the trustees to wind down the charity in a smooth fashion, leaving a residual amount which will be distributed to local charities over forthcoming months. Public Benefit The Trustees confirm that they refeed to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. Cutbacks made by the London Borough of Bromley C'LBB,? Youth Service meant that only those Services which were a ststutory requirement were being provided by the Council, namely those targeting young people with particular needs. This meant that there was an even greater need for voluntary groups like JUSB to provide generic youth groups which are no longer provided by the local Council. There are no other services for young people in the area where JUSB was located. This is in a locality where families broadly cope but where there are few or no resources to provide young people with stimulation and developmental opportunities beyond those available at school or expensive leisure artivities. It is not insignificant that, again this year, we continued to get referrals from the statutory sector as it struggled to meet targets. Unfortunately, however, despite engaging the support of the local councillors, it was not possible to derive any wider assistance from LBB to forestall the closure of JUSB. All of our projects were created in consultation with and in direct response to young people's stated needs and wishes for specific forms of provision. Furthermore, all our work was based around the principles of
"Help Children Achieve More" (the Govemrnenys strategy for children and young people). JUSB worted with and provided seNices to other agencies such as Bromley Changes Young People's Drug and Alcohol SeNices, Bromley Y, CAMHS, Social Services, the Jack Petchey Foundation and local school5. Risk Management Control systems JusB's Trustees had the overall responsibility for ensuring that there were appropriate control systems, financial and otheiSe, which provided reasonable assurance of., efficient and effective operation; protertion against unauthorised use or disposition of assets. maintenance of pmper records with the provision of reliable financial information. compliance with relevant legislation and regulation. Risk Factors The Trustees considered that risk fell into overall areas - finance and infrastrurture (income, expenditure, buildings, equipment, ICT and security), and personnel and operational issues (youth work, cruitment, trainingi health and safety, management systems, employment issues, child protection and confidentiality). The Trustees mitigated the finance and infrastructure risks by: ensuring there was no over-reliance on any one funding source or fixed term income. ensuring systems existed to combat the threat of computer viruses and loss of information; ensuring appropriate insurances were in place for buildings and staff. The Trustees mitigated the personnel and operational risks by: maintaining appropriate insurance; having appropriate policies and training to cover employment and health and safety legislation, and child protection and confidentiality - all staff were required to be familiar with these policies,. ensuring that JUSB 'benchmarked' its artivities by reference to external measures, e.g. Quality Mark and other standards. We are able to port that there were no serious incidents this year. Employment The Trustees are grateful to the staff and volunteers who worked for JUSB. The success of the Charity relied on their expertise and energy. The Charity was committed to a policy of equal opportunity in its employment practices. It was the Charity's policy to offer equal opportunity to persons applying for vacancies from all sections of the community, regardless of race, colour, ethnic or national origin, maritsl status, age, gender, sexual orientation, disability or religious beliefs and having regard to their aptitudes and abilities in relation to the positions for which they applied. Appropriate training and implementation of best practice was used to ensure we did not discriminate in making employment decisions. JUSB continued to pay at least the London Living Wage (as set by the Living Wage Foundation) to all staff. Structure, Governance and Management JUSB is registered with the Charity Commission and was incorporated as a company limited by guarantee on 14 August 2003. It is governed by a Memorandum of Association and Articles of Ass(Kiation which include guidance on how Trustees are appointed. The Charity's objects are to advance the education of young people in and around the Bromley North area through leisure time and educational activities, so as to develop their physical, mentsl and spiritual capacities that they may grow to ftjll maturity as individuals
and members of society and that their conditions of life may be improved. JUSB has a Christian foundation that is expressed appropriately before trustee and staff meetings, at an annual public meetingi and by a pastoral sUPPOrt tearn. JusB's services were for all young people in the community. The Board of Trustees is responsible for the management of the Charity, with operational control delegated to the Projert Manager who attended the Board meetings. The Trustees reviewed finance and fundraising, planning and human sOurceS at each trustee meeting. Trustees and their responsibilities The Trustees, who are Direttors for the purpose of company law, who served during the year, were., Michael Deves Stuart Andrew Lancaster Roger Lloyd Brighton David Charles Hullah Helen Louise Oakes Rebecca Emily Hedges On 5 April 2024 Helen Oakes tendered her resignation due to increased work pressures and other commitments; for Similar reasons Rebecca Hedges also tendered her resignation on 21 Ottober 2024. The remaining trustees are hugely appreciative of the time and expertise which Helen and Rebecca brought to the charity and wish them each all the very best for the future. The Trustees brought a wide range of professional and voluntsry experience, including youth work, health and safety, finance, HR, management and voluntary activities. From time to time the Trustees considered the mix of skills and experiences represented amongst them and, when appropriate, actively sought suitable individuals to meet identified needs. None of the Trustees has any beneficial interest in the Charity. All of the Trustees are members of the Charity and guarantee to contribute £10 each, if required, in the event of a winding up. The Trustees receive no remuneration or fees for their services. Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming reSoUrS and application of resources, including income and expenditure, for the financial year. In preparing those 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 (Statement of Recommended Prattl). make judgements and estimates that are reasonable and prudent. state whether applicable United Kingdom Accounting Standards have been followed, subjert to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless It is inappropriate to assume that the charitsble company will continue in operation. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provisions for small companies under Part XV of the Companies Att 2006. Trustees, confirmation Each of the Trustees (who are also the directors ft)r the purpose of company law) who held office at the
date of approval of these accounts has confirmed that there is no relevant information of which they are aware but of which the Independent Examiner is unaware, and that they have taken all the appropriate steps that they ought to have tsken as Trustees in order to make themselves aware of any relevant information and to establlsh that the Charity's Independent Examiner is awa of that infomiation. Independent Examiner The Independent Examiner, Anne Clements has previously indicated she may be able to continue in office, but if not, the trustees had intended appointing another suitsble person to carry out the next independent examination. However, income which will be reported in the next financial year is likely to fall below the threshold for requiring an independent examination. David Hullah Chair 30 November 2024
Independent Examinerfs report to the trustees of JUSB Limited I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages 12 to 19. Respective responsibilities of trustees and examiner The trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section I+F(2) of the Charities Act 2011 (the 2011 Aci) and that an independent examination is needed. Having satisfied myself that the charity is not Subject to audit under company law and is eligible for independent examination, it Is my responsibility to: examine the accounts under section 145 of the 2011 Act; follow the procedure5 laid down in the general Directions given by the Charity Commission under section 145(5)(b} of the 2011 Att; and State whether particular rnatters have come to my attention. Basis of independent examiner's port My examination was carried out in accordance with the General Dirertions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given a5 to whether the accounts present a 'true and fair vieW and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: (l) which gives me reasonable cause to believe that in any material respert the qUIrements.. to keep accounting records in accordance with section 386 of the Companies Art 2006; to prepare accounts which accord with the accounting records, comply with the accounting requirements of sertion 396 of the Companies Art 2006 and with the methods and principles of the Ststement of Recommended Practice: Accounting and Reporbng by Charities (FRS 102) have not been met.. or (2) to which, in my opinion, attention should be drawn in order to enable z proper understanding of the accounts to be reached. Anne Clements M.A, (Oxon) 52 Ravensbourne Avenue Bromley BR2 OBP Date: 10 October 2024
JUSB Limlted Company Registration Number: 04867114 ststement of Financial Activities for the year ended 31 March 2024 2024 Unrestricted Restricted funds funds 2023 Unrestricted Restricted funds funds Totsl Total Note Income Income from charitable acbvities Donations and legacies Other trading attivities Investment income Totsl income 6,000 1,500 7,500 20,100 15,800 35,900 82,682 82,682 42,974 42,974 6,383 6,383 2,768 2,768 367 367 112 112 95,432 1,500 96,932 65,954 15,800 81,754 Expenditure Raising funds Charitable activities Total expenditure 5,811 152,975 5,811 2,249 155,224 2,393 107,635 2,393 16,718 124,353 158,786 2,249 161,035 110,028 16,718 126,746 Net income (expenditure) (63,354) (749) (64,103) (44,074) (918) (4,992) Transfers beeen funds Net movement in funds ToLIl funds brought forward Total funds carried forward 83,814 749 84,563 127,888 1,667 129,555 20,460 20,460 83,814 749 84,563 The Charity has no recognised gains and losses other than those shown above and therefore no separate statement of total recognised gains and losses has been presented. There is no difference between the net movement in funds stated below and their historical cost equivalent.
JUSB Limited Company Registration Number: 04867114 Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets li 159 Current assets Debtors Cash at bank and in hand Total current assets 12 688 2,998 20,852 85,176 Credltors- amounts falling due within one year 13 392 772 Net current assets 20,460 84,404 Net assets Funds Restricted fund5 Unrestricted funds 15 749 83,814 20,460 Total funds 84,563 For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Att 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtsin an audit of its accounts for the year in question in accordance with section 476, The directors acknowledge their responsibilities for complying with the requirements of the Att with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordan with the provisions applicable to companies subject to the small companies, regime. The accounts on pages 9-16 were approved by the Board on 5th December 2024 and We signed on its behalf by: Stuart Andrew Lancaster Trustee io
JUSB Limited Company Registration Number: 04867114 Notes to the JUSB accounts for the year ended 31 March 2024 Accounting policies Basls of preparation The financial statements are prepared under the historical cost convention and in accordance with the Companies Act 2006, The accounts are also prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (Charitie5 SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK ano Republic of Ireland (FRS 102), effective l January 2015. The detailed accounting policies are set out below. Income Donations and other fomis of voluntary income are recognised as income when receivable. Assets donated to the Charity are recognised upon receipt and included in the accounts at estimated market value. Income tax recoverable in relation to donations received under Gift Aid is CogniSed at the time of the donation. Grants receivable are included in the accounts on an accruals basis. Any balance of income received for specific purposes and not utilised is included in restritted funds as detailed on the balance sheet. Income from service level agements where related to performance and specific deliverables, and project income is recognised as earned as the seNices are provided. Inte$t income is included in the accounts as received. Expenses All expenses are accounted for on an accruals basis and the irrecoverablo element of VAT is included in the expense to which it relates. Employee entitlements and pensions Employee entitlements to salaries and wages, annual leave and other benefits a COgnised when they accrue to employees. Until November 2016, lusB's pension policy was that employ5 who have been with the Charity for six months are entitled to a level of matched funding to each individual employee's nominated approved personal defined contribution pension scheme or personal defined contribution pension scheme with the Charity's nominated stakeholder pension provider (Virgin Money). In November 2016 a new scheme was set up with NEsf Pensions to meet the requirements of automatic enrolment. Contributions are recognised when they accrue. The cost of contributions in the year amounted to £3,486 (2022123.. £3,394), being 50/0 of eligible pensionable salary for staff in the scheme. There were no outstanding contribution5 (2022123: £ 0) at the year end. li
Operating leases Leases in which a significant portlon of the risk and rewards of ownership are retsined by the lessor are classified as operating leases. Rental payments made under operating leases are charged on a straight line basis over the term of the lease. Taxation The Charity is a registered charity and accordingly exempt from taxation on its charitable activities which fall within the scope of section 505(1) of the Taxes Act 1988 and section 256 of the Taxation of Chargeable Gains Act 1992. Tangible fixed assets and depreciation The lower limit for depreciation is a purchase cost of £500 and all items are depreciated over three years on a straight-line basis. All tangible fixed assets less than £500 were expensed to the income and expenditure account, Tangible fixed assets are stated at cost less depreciation. The cost of acquired tangible fixed assets is the value of the consideration given to acquire the assets and the value of other dirertly attributsble costs which have been incurred in bringing the assets to the location and condition necessary ft)r their intended service. Assets donated to the Chartty are recognised upon receipt and included in the accounts at estimated market value. Stocks Stocks are ststed at the lower of cost and net realisable value. Provision 15 made where necessary for obsolete or defective st(kS. Debtors Debtors are carried at estimated realisable value after providing against debts where collertion is doubtful. Restricted funds Restricted funds are subject to specific conditions by donors/grant making bodies as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. Related party transactions There were no related paty transattions during the year. Incoming sOUrceS from charitable activities 2024 2023 Grant income Service level agreements Other 7,500 35,900 12
Voluntary income 2024 2023 other donationslawards 82,682 42,974 42,974 Investment income Investment income arises from interest bearing business savings accounts. Total resources expended 2024 2023 Staff costs Depreciation Other Costs Total Totsl Expenditure on raising funds Provision of youth work (includes ststutory redundancy costs, see Note 10) 5,811 5,811 2,393 113,401 159 41,664 155,224 124,353 113 401 159 161 035 126 746 G0Veman costs of £770 (2022123: £720) are included within support costs in accordance with the Charities SORP (FRS 102). Governance costs are an estimate of the staff costs of producing annual accounts. No other governance costs are incurred as all such activities were provided on a voluntary basis. Support costs All support costs are allocated to the Charity's charitsble activities. Support activities for costs of generating funds (both voluntary income and fundraising) and governance costs are provided on a voluntsry basis. Net movement in funds before transfers Net movement in funds before transfers is stated after charging / (crediting): 2024 2023 -operating lease: Premises rentsl -De reciation of tan ible fixed assets 12,000 159 12,000 174 13
Trustees. emoluments and donations None of the Trustees received any remuneration or benefits from the Charity during the year. No expenses were reimbursed to any Trustees. Donations from Trustees amounted to £lOO. 10 Staff costs The average monthly number of employees during the year was: 2024 2023 FfE Management and administrationlsupport Youth work team Note that thi5 has been applied on a 'full time equivaleny (FfE) basis so as to ensL¢re comparison is possible as JUSB employs part-time stsff. The average monthly headcount was 5 staff (2022123: 5 staff). The aggregate payroll costs were.. 2024 2023 Wages and salaries Social security costs (see note below) Pension costs (Note l) Statutory redundancy pay 83,305 79,910 13 3,486 3,682 26,414 113 401 No employee received in excess of £60,000 from the Charity. Social security costs (£4,916) are shown net of the NICS Employment allowance of £5,000 (22123: £5,000). 14
11 Tangible fixed assets OITio & Leasehold Fixture & computer Cent improvements fittings equipment equipment Total Cost At l April 2023 Additions Dis osals At 31 March 2024 42,563 149 6,478 37,174 86,364 42,563 149 6,478 37,174 86,364 Accumulated depreciation At l April 2Q23 Charge for the year Dis osals At 31 March 2024 42,563 149 6,319 159 37,174 86,205 159 149 37 174 86 364 Net book amount At 31 March 2024 Net book amount At 31 March 2023 12 Debtors 2024 2023 Gift aid tax recoverable ppaYMents and accrued income Other debtors 114 2,884 688 2,998 13 Creditors - amounts falling due within one year 2024 2023 Deferred income Accruals other Creditors 600 172 392 392 772 Deferred income at 31 March 2023 comprised grants received in advance for work in the next financial year from the Jack Petchey Foundation. 15
14 Share capital JUSB has no share capital being a company limited by guafftntee. The Trustees will contribute a maximum of £10 each in the event of liquidation. 15 Restricted funds As at I Incoming Resour April resource$ expended Transfers 2023 Asat31 March 2024 Jack Petchey Awards scheme 749 1,500 2,249 749 1,500 Restricted funds received/used during the year were for the following purposes: Jack Petchey Awards scheme: Jack Petchey Foundation Awards for young people. Restricted fund balances at 31 March 2024 were £0, 16 Operating lease commitments At 31 March 2024 the Charity had annual commitments under operating leases as follow5.' Land & Buildings 2024 2023 irin in one ear The lease on the premises expired on 31 March 2013. Although discussions have been held with the landlord with a view to negotiating a formal extension, the landlord prefers to leave matters on an infomal basis. The trustees have received legal opinion which suggests that JUSB continues to benefit from a good degree of *curity of tenure and are prepared to leave matters on the present footing. 16