Jacobs Well Qre Centre Tru51ees Annyal Rpport The trustees present theii relt with the unaudited financial statements of the drity forthe year ended 31 December 2023. AEFERENCE AND ADMINisfRATIVE DEfAILS harfty N•x 1104075 Prlnclpal Olnce Unlt 4 Toronto Place G05PQrt P012 4UZ Trustees The followin8 trustees s¢ryeql durin8th¢ y¢¥r. WJ. Ellls J.D. Molyneaux A. Pottln8er C.S. Pottlnger L.L. Pottin8er S. Pottln8er l. T$tIne A¢(ount 8rènt Kin8 Unlt 4G Oaklands office P•rk Aerodrome Ro•d Gosport Hampshlre P013 OGY MSchele Johnson FCCA Johnson Accountin8 Solutions Limlted Unlt fA BasepD4nt Bulsness Cent Harts Farrn Way Hmnt P09 IHS OBJEcfivES AND ACTIVTllES The charty ex15ts to advance the Chrlstian fabth and to help relieve poverty in Hafflpshire and other parts of the world. We work wlth other agencies and charltles on a dally basis from our SI loeation In Toronto Place. Gosport. There we PTovide a stor4ge facility, a second-hand fyrniture. a 5thoDI unifvrm proiert and gri¢-a-Brac shop and provide home delivery and collection of furniture. W¢ also collect food from 8 dtfferent lol.n.$ g wffk •rKI distribute thi5 free from our site to •pproxlmately 6CI) families. We have expanded our social medh presente to ifilofm people wh•t 15 h•ppenin8 on gte {whEn food i available etcl and to market our fvrnitUfelBrk+Brac. The charlty b establishe4 for th¢ pyblic benefrt otIlne0 In Chatlty C¢rnmlssk)n 84lidae. ACHIEVEMENTS AND PERFORMANCE The ¢h•rity prlde¥ fr¢¢ 109¢ pn 9 49ily Iw th¢t ¥i¥ls Po8e 2
Jacobs Well Care Centre Tru#e¢s Ahnual Report We also provtde free clothin& furniture. kttdn aTrl beddlng pack5 when necessary tothose in need. Normal retail 5ale5 through the Shop, our stOrn8e facilities. fyrnl1v mOVal fvll hovsp dearan provide the majority of our income ANANCIAL REVIEW 2023 saw the eharrty maintain its perfomiance and ono more have a tradiTha surplu5. A surplus of £129,028 was achi¢ved forthe year. We have reorgani2ed the space within the building to provide a lar8e food storage area from where we have inrreased the food we supply ir) in neEd. We contlnue ¢0 work Tlth I1 a8enries and fj0sPQrt Borough Council in this regard. Re5erv¢5 Ot 3tsr December ZQ23 ¥rtre £231.5TJ12022; f102.5511. PLANS FOR FLwfuRE PERIODS We are plinnin6 to Q9en a 'warm room. and roffee shop to support oureklerty and vulnerable custorners. After th• year end we purchased the buildin& Unit 4 Toronto Place. with • mort8a8e from Kin8dom B•nl we re now in 3 position to UPBTède the building. STrUCTURE, GOVERNANCE ANO MA14AGEMENT The Charity was created as an unCOrpOrated charlty a Trust In 2(1)4. New trustees are elected by the exi5tlng Tru#ees of whlch thert must be a rninlmum of 2. The chaflty trustees are r•SnSIble for Preparin8 • tru5tees' annu•l report and flnanclal statements In ?¢¢ord4nce wlth appllcjble law and United Kingdom hwnlin8 Standa Iunited KID8dom Generolly Aepted Accountin8 Prattice). The trustees a responsible for keepin8 prop¢r a¢¢ountin8 rewrds that dlth with asOnable accurnw •t any time the finarbcial position of the charity and to enabk them to ensure that the financlal statements comply wilh the Chgrities Act 2Q!I, the appltable Charitte5 (Accounts and Reports) Re8ulations, and the provSslon5 of the TNst deed. The Trustees are aSso responsible for safeguarding the assets of the charity and hence tskin8 reasonable steps for ihe preventlon and detectipn of fraud and other Irrezulafltles. S*ned on behalf he charrty's trus¢¢es S. P¢)ttin8er Trustee 29 OLtober 2024 Pago 3
JK4)h Well Care Centre Charlty iw75 TTUSt•es' R•wt and Un•udlted Accounts 31 Denber 2023
Jacobs Well Cafe Centre Pa8es Trvstees. Annual Rert Independent ExamineV5 Report Statement of Flnanoal ActNit*s Balance Sheet Notes to the Accounts Detalled Statement of Financial Actlvities ISto16
Jacob5 Well Care Centre ststement of Trandal Actl¥Ftie5 for tho year ended 31 D•Ceffl 2013 Vnrestri¢ted fvnds Trtal funds Total lunds 2021 Income and endowmeftts Donations •nil le84ries Charitable activbties Investments Other 59.680 329.545 124 15.338 59.680 329.545 124 15,338 14.012 273.371 29,070 Totsl 404,687 404.687 316,4&J Expendltur• on: Charitable artbvtties Other 274,797 274.797 269,3rKI 5,062 Totsl 275.659 275,659 274,362 Net galns on h)vestments Net Ineom• 129.028 129.028 42.098 Transfers between funds N•t inco•m• bth ¢Jth•r lain11[*) 129.028 129.028 42,098 Other pln> •nd105WS Net nN>vement In lund¥ 129.028 129.028 42,098 •¢on¢ili•t5on of fundj: Totsl funds brought fonvard 102.551 102,551 60,4S3 Total fvnds forward 23L579 231,579 102,551 Page 5
J•¢obs Well Care C4ntre Balance Sheet at 31 December Z013 Charity No. 1104075 Z022 Tangible assets 12 626 956 956 626 Stocks Debtors Cash at bank and In hand 1.555 258,207 264.762 116,3091 248,453 1.678 142,220 148,898 117,9121 130,986 crkOl$. Arnount fallin8 due wlthln one ytsr Net current assets Tot•1 •ss•ts Itss vJrr¢nt Ilabllllles 249,079 117.51KII 231.579 131.942 129,3911 102,551 Cr•dltws: Amount5 fallin8 due after mor• than one ye•r Net assets exdudly penslon asset or Mablllty Total nel assets 16 131,579 102.551 The lundj of the dwrlty Restrfcted lunds Unrestrlcted lunds Genernl fund5 17 17 231.579 102.SSI 23L579 102.551 17 Total funth 231.579 102,551 Approved bythe tw5¢e on 29 October 2Q24 And si8ned on their behalf lry: S. Pottinger Trustee 29 October 2024 Pa8¢ É
Jacobs Well Care Centre Notes to the Accounts lor the year end 31 December 2023 l A¢111 policles The financial statements have been pPared in accordance wtth Statement of Recc¥mmerthd Practice.. Accounting and Reportin8 by Charities priTh8 their Kwynts in Crance with the Finanoal Reporting Standard applicable in the UK and Republic if Iland IFRS 1021 Issued on 16 July 2014 and the Financial Reporting Standard appIable in the United Kingdom and Rewblic of Iland IFRS 1021 and the Charrt5 Art 2011. Change ln basls otaccounry or to OU$ accounts ThèfÈ has beèn no change to the accountlng policies IvaluatK)n rules and method of accountin81 slnce last veor aDd no th•n8es have beeTr mad¢ to acrounts tor previous year Fund a¢c•untl Unre5trirted fvnd5 These are available fol use at the disc> of the trustees In furtherance of the 8eneral objects of the charity. Designoted funds These are unre5tr•tted funds e•rnwrked by the tTUStces for particular purp05e& Revaluation funds These are UnreStrted lunds which include a revalu•tlon SeThe preSentIng the Teslatement of investment assets at their market values. These are avai5abk for use subiect to restrKtions imposed by the donor or through tern of an appt•l. Restricted funds In¢om• Recognltlon of Income Income Is Included In the Statement of Flnand•l Actbrfitle$ ISOFAI when the charity becomes entitled to. •nd virtujlty ¢ert)In to re¢elve. the Income •nd the •mount of the income can be measured with wffKient rellabllity. Sncom¢ wlth led whe Income has retsted ¢xpendllvre the Income and reled expendtture Is expenditure reported gross In the SOF Donatlons INI a¢les Voluntsry inwrne r¢celved by w•y of grants. donat5 and glfts Is Included In the the SOFA when recwdble and only when the Charlty uncondlttonal entltlement to the mcome. Tax reclaims on Income from tax reclaims is included In the SOFA at the same time •$ the donation5 and g1ft$ 8fftldonatlon to whlch it relates. Ponated services These are only included in income Iwlth an equiwalent amount ift ewnditurel and frdcllrties where the benefft to the Charity15 reasonably quantifiable, measurable and mteri*l. Volunteer help The value of any volunteer help received is not induded In the actounts. Investment Income This15 ir¢cluded In the acrounts when re1¥able. Gainsll1055e51 on This Includes any 88ln or IDSS resulting from revalulng Investments to market Value revaluation of fixed at the end of the year. Gain511105se51 on investment assets Th15 Includes any gain or10ss on the sale of Investments. Pue7
J•cob5 Well Care CentrE Expendlture Reco8nition of expendityre Expenditure 15 rpco8nised on an accruals basls. Expenditure Includes any VAT which nnot bp fvlly remred, and 15 p)rted as part of th¢ expenditure to whith it relates. Expenditure on These comprise the costs a$Slated with attractln8 voluntsry income. fundraising raising funds tr4ding costs and Investment m4naEement C05t Expenditure on These comprise the costs Incurred by the Charity in the delivery of its actNities and charitable attivitles 5eTriices In the furtherance of it5 objects. incJudtnB the makin8 of grants and Grnnts payable All 8fant expendlture is onted for on In 4ctual pald b4si5 plus an •t(rual for grants that hove been apprOd byth¢ trystees at the ehd of the ye•r not y¢t paid. Governance costs These knclude those costs 4ssoriated wlth meetln8 the constltutlonal and statutory requirym¢nts (rfthe Charity, inrluding ary auditlindependent examination fees, costs l•ned to the strategic mana8ement of the Charlty. tcether wTrth • share of other administratlon t05ts. Other expenditure These are supp)rt costs nor allOted to a PartIlaT artlvlty. T•xatSon The charity b exempt from tsx oft Its dwTitsble acti¥it& Tan8lblo flxed assets and depredatl Oepreclatlon Is provided at the folkswin8 •nnual ntes in order to wrfte off each asset obr Its estlmated usefvl lrfe.. Plant & Machlnery Motor Vehicles Office Equlpment 25% Str•l8ht Une 25% Straight Line 15% strah1 Line Investment properties I meaw¥ed Inltlalty at C and 5tsbsequently at fairvalue èt bal•nce Sheet date and are not deprecited. All 8ains or losses are taen to the Statement ol Finand•l Actfvities as they arise. Stock Is In¢lvded at th¢1gw¢r of gf net realisable Donated Item5 of #oc I recognised at fair vilue whlth is the amourt th¢ thjrity wuld have been williftg lo pav ft)rthe lrems on ihe open mafket. Trnde and other debt(•rs Trade and other debtors are recogni5ed ai the settlement am(wnt due after ny trade dlseount offered. Prepayments are valued at the amwnt prepaid ofary tfade di5wunts due. C•sh and cash ewl¥alents Cash and cash equivalents comprtse cash at bank and Dn hand. demand dèposits with banks and othor short-teTm hi8hFy liquid Investments with Qfeinal m4¢yri¢ips of three month5 or les5 ènd bank overdrafts. In the statement of financTral position. bank overdrnfts are shown within borrowin or current liabilities. In the Statement of Cash Flows. cash and Gish equivalents ère shown net of bank overdrafts th are repayable on demand and fonn an integfal of the companvs ¢th managemenL PoEe 8
Jxobs Well Care Cefttre Notes t¢> the Accounts Trade and other uedltors short term creditors are measured at the tfansattion p. Other Creditors and pr¢wisions are recognised where the tharlty has a presert obli8•tiop >Y1t1 from a post event th will probablv r¢5utt In the transfer of funds to a thtrd party and the amwTht due to settle the obli8ation can be measured Of e#imoted reliabty. Creditor5 and prthilslon5 a nom¥lly recogfjlsed at their settlement amount after Ilowin8 for any trade discounts due. R¢serth and d¢•rt Expenditure on starth and development 15 written off In the year In whith it is incurred. Fore1 ryThend¢s Monetsry assets and Ilabllllles denomlnated In currencles otherth•n the lunctional currency of the chartty 4re tfonsl•ted at the ratrs of exthange pre1118 at the end ofth¢ wrtinB penod. Transartsons in currenaes other than the fvnctlonal currency of the chaiity are recorded at the rate vf exchan8e on the date that the transaciion occurfed. All ei¢hange drfference5 afe are taken into acrount in arTfvI at net incoryWexpeThliture. Le•sed assets Where the charlty ente Into a l¢Jse whlth ¢ntslls taklng 5ubstantslty •ll the rLsks and rew•Td5 01 ownership ¢f an asset. the lease Is treated as a finance lease. Le•ss which do not transfer substsntially all the rlsks and rtwards of ownershlp to ch•rlty are closslfied as operating leases. Assets held under finance leases are Initially re(08n15ed as assets of the charity at thelr lalf value at the nc¢ption of the lease or. rf bwer. at the present value ofthe minimurn lÈ¥se payments. The corresponding liatmlty to the lessof is included in the balance sheet date as 3 finance lease obligatlon. Lease payments a •pportioned lkneen fln•nce expenses and redurtion ofthe1¢4se obli8atK¥n so as to achleve 4 constsnt Yate of interest on the remainins balance of the lilbility. Finance expenses are recosnised ImMedhte, unlt55 they are directly attrilwtable to quallfykn8 •ssets, lft whlch ta5e they are ¢apltsllsed In a¢cord•nce with the tharlty's policy on Ix)m)wing costs. A55ets held under flnance aSe5 are depreciated in the 5am¢ Way a5 owned assets. Oper8tln8 lease p4yments a r¢¢o8nised as an expens¢ on • strni8ht4ine b•sis over the le4se temi, In the event that lease incentives I received to enter Into operatin8 leases. such inonlr¥es are recognised as a liability. The a88re8•te benefit ot incentfves Is reco8nised as • reduction of rental exp¢n5e on a 5trni8ht-line basi5. The Charity operates a defined contillmrtlon plan for Its employees. A defined contrlbution plaft is a penjiyn pl•n under whh ¢h¢ chartty pays flxed nlI¥JI10n$ Inio • separate ¢ntbty. once the contributions have been paid the charity has no further payments obllgations. The contributions are P)8ni5ed as expenses when they fall due. Amounts not paid a shown in arral5 in the balance sh¢et. The assets of the plan are Iteld separatefy from the d*rity In indewdenthy administered fvnds. All donated goods, facllltles and services recelved are recogftised wlthin incoming resources and penditure at an estlmate of the value to the chaflty. Paa8 9
Jacobs Well Care Centre Note5 to the Accounts 2 Statement of FlnandJl ActM. Pfbrye•r Unrestrfcted lunds Total funds 202Z 20 Donations ènd le8acies Charitable activities Investments Other 14,012 273.371 14,012 273.371 29.070 29,070 Total 316.460 316.460 Exp¢ndltw• on: Charitabte actfvllles 269,31XI 269.300 5,062 Other 5.062 Total 274.362 274.362 Net Income 42,098 42,098 B•ln$/(lo$5es) Oth•r galns and lass•s: Net mov•ment In funds 42.098 42.098 42.098 42.098 Reeohdllatlon ollunds: Total funds brou8ht forward Tot•1 funds eanl•d forw¥rd 60,453 102,551 60,453 102,551 3 Incam• from dI)n•th and le05 Total Total 2023 2012 39,879 41,212 14.012 14.012 4 Inco from th•rltable •¢thftles Total Total 2012 329,545 329.545 329.545 3?9.545 273.371 273.371 PaRe 10
Jacob5 Well Care Centre Total 2023 Total 2022 124 124 124 124 6 Other Incoffle Totsl Total 20Z3 2022 Gift Aid 2.643 12.695 2.643 12,695 Grants 29.oc 70 15.338 15,33B 29,070 7 Expendlture on ¢harlt¥ble Ktl Total 2023 1022 Expèndlture on churltawe Ottlvlties 260.632 260,632 256.431 Governuntht tosts 14,165 274.797 14.165 274.797 12,869 269,300 Tot•1 Totsl 2023 2022 Bank loan aftd overdraft inierest payable Amortlsation. depreciatlon. impairment, PTofftlloss on disposal of fixed assets. 532 532 1.643 3,419 862 862 5,062 23 20ZI Thls is ststed after ch•r8in8: Oeprethtion of DWr Ilxed 455ets 330 3A19 Page 11
JKobs Well Care Centre Notes lo the Atc(wnts Ofie or MO of Ihe tru5te¢s been plid Temunerrtion in the rurrpnt. or prior perlods. Other beneffts Truslee A. Pottlnge C.5. Pottinger LL. Pottin8er S. Pottin8pr l. Toastfvlne 11.730 11.730 30,630 19,%6 21,455 731 456 11 Staff costs No employee received emoluments in excess of £60.(KK>. 12 T4n&ibl• fix•d assets Plant & •thln•ry Vehldes Equlpm¢nt Total Cort or rev•lu•tlon At l January 2023 At 31 December 2023 Depredltlon and Impalmient Al l January 2023 Depreciation ch8rÉe for the year At 31 December 2023 3,183 22,120 22.120 5.713 5.713 31,016 3L016 22,llO 5.136 170 160 330 2,974 uo 5,296 30390 Net bo(* valu•s At 31 December 2023 At 31 December 2022 13 Stocks 209 417 626 379 577 956 202Z Raw materlaFs and consumables Flnlshed goods trylns lu¢ aDaly¥ed bya(11 2022 Charitabl• #rtwltles 5.OlXI Page 11
J•eobs Well Care Centr• Notes to the Aco)unts 14 OebtOTS 2022 Trade debtors VAT reco¥erable 390 1,555 1.5S5 1,288 1.678 15 Cred1$. amounts fallin8 duo within one year 2022 Bank loan5 and overdrafts Obllgatlons under flnan lSe and hlre purthase contracts Trade creditor5 Corporation tax Other tsxes and social 5ecurfty Other creditors Accruals iO.(KM) 10,1 1.124 3,260 510 238 3.391 3,Tll 513 16.309 512 17.912 16 Cfeiltor&' amounts falllng due after more than one year zou 2022 Bank loans and overdr•fts Qbll8atlpns under finance leas¢ and hlre purchase ¢ontr•cts I7,0 27500 1.891 29.391 17.500 17 Mo¥Èft*nt In lunds In¢omlTr8 Ilndudlni Resources other exnded At l January salrlkeI At31 December Unrestrl¢t•d funds: fj¢n¢rdl fvn IQZ,551 404,687 1275,6591 231,579 Tatal funds 102,551 404.687 {275.6591 231,579 Pg8e 13
Jacob5 Well Cafe Centre funds Total Flxed assets Net current assets credOr5 due in more than one year èrrfl provisions 626 626 248.453 248.453 117.5CKJ) 231.579 231.579 19 Retondliation ol net debt At31 Dettmbei 2QZ3 At I TrUry Cash fiows Cash and osh equlvalents 142.220 142,220 115,987 115.987 258,207 258,207 Bank loans Obllgatlons under HP/Flnan Jeases I37.5() 15.1511 (42.651) io, 4.027 14,027 127.5001 11,1241 128,6241 Net debt 99.569 130,014 229,583 Page 14
Jacobs Well Carn Centre l>etsiled Ststefflent of Finandal Actl for the year en41ed 31 December 1013 Unrestricted funds Total lunds Total fvnds 2023 2023 2022 Income and efftdowm•nts from: Donatk)ns •nd 8aCleS 59,680 59,680 59,680 59,680 14,012 14.012 Charitable activlttes 329,545 329,545 329,545 329yS 273,371 273.371 Investments 124 124 124 124 Other 2B3 12.695 2.643 12.695 29,CM)O 70 29,070 15.338 15.338 Totsl Inmm• and •ndwm 404,687 404.687 316,460 Expendltur¢ Im: Ch3rltable actlvlties 260,632 260,632 260.632 260,632 256.431 256,431 Governance co#s 14.165 14,165 14.165 14,165 12,869 12,869 Total of on tharflabl• actl¥ltles 274,797 274.797 269,300 Other expenditure Bjnk loan and overdftft intwest payable Othèr Interest payable 532 532 1.643 1,643 532 532 Generèl administrative cos including deprètiation and 8mortisatSon Depfeciatlon of Plant & Machinery Depreclation of Motor Vehlcles Depreciation of Office Equipment 170 170 280 2,807 160 It 332 330 330 3,119 Pa8e 15
Jacobs Well Care Centre Detsiled Staten*nt of FlnaTKlal Ac11leS Total of expendlture of other costs Total PIpdIre Net 8ains on investments 5,062 274362 275,6Sg 275,659 Net Income 129.028 129,028 42.098 Net incume before other Sainsllltw) OtherGains 129.028 129,028 42.098 Net mo¥fftnt In fvnds 129,028 129,028 42.098 Recondlia150Th ol fvnds: Total funds brought forward 102.551 102.551 60.453 231,S79 231,579 102.551 Page 16
Jacobs Well Care Centre Independent Examlnerfs Rewt to the trustees of Jambs Well Ce Centre l port to the trystees on my examlnation ofthe finan(ial SttW of jab5 Well Care Ceiitre for the year ended 31 Drnber 2023. R¢spon4tyi.IIV.es and bmof rep(vt A5 the charlty's trustees you are ponSIble for the preparatkn of the flnandal statements in cOrdanCe wlth the requirements ofthe Charities Art 2011 the A¢t'l. I report In respect of my examination ofthe th•rity's finandal ststemènts tarrled out undeT Sertlon 145 of the 2011 Art and in carrylng out my examlnation I have followed am the applicable Dirertions 8iven by the Charlty Q>mmi55ion under 5ertv)n 145(511b) of the ACL Independert examlnerfs stateTrnt As the charity's gross income exceeded £250.C#XI yourexaminer must be • member of a body Ilsted in sertion 14S of the 2Qll Act. I confimi that l am qualified ¢0 vndertake the ex4mlnation by bÈln8 • qualified member of FCC I have completed my e¥aminatioD. I confirn) th no rnthrijl matter5 hove cpme to my attentM)n in Connection wilh the examlnation 8fvin8 me cause to belleve that In any material respert: • the accountlng records Yfe not kept In respect of the charlty as required by sertion 130 of the Act: or the financial statements do not accord with those (ords. or the financial statements do ftot compty with the applicable requirements concernln8 the fonn and ¢ontent of fin•ndal stottments set ift th¢ Charities (Accounts and ReFK>rts) R¢8ul•tbns 2( other than any rtquirement that the finandal statements 8i¥e a 'true •nd fai¢ view whlch Is not a matter nsld¢red a5 Part of an independent ex4min•lign. I have no concerns aftd have come •cross no other matters in CneCtIOn wtth the exarnlnatlon to whlch attention should be drawn In thls report in orderto enable a proper understandin8 of the finandal ststements to be reached. Mlchele Johnson FCCA Johnson Accountlng Solutlons Limited Unit 64 Basepoini Bui5ness Centre Harts Farni Wav Havant P09 IHS 29 October 2024 Page 4