Charity raglstratlon number 1111035 {England and Wales) Company registration number 05502316 PROJECT JOHN LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 PROJECT JOHN LTD LEGALAND ADMINISTRATIVE INFORMATION Trustees Mrs Elizabeih Cassells Mr Dave Monison Mr Mark Ralph Secretary Ms Nicola Kell Charlty number {England and Wales) 1111035 Company number 05502316 Reglstered offi¢6 The Hub 20-24 C2vendish Street Barrow In Furness Cumbria LA14 ISE Independent examlner JL Winder & Co Suite 6 Furness Gate Péter Gre8n Way Barrow in Fumess Cumbria LA14 2PE Bankers 8arclays Bank - Barrow 86-90 Oalton Road Barrow in Furness Cumbria LA14 1JH Soll¢ltors Livingslons Sollcltors 9 Benson Street Ulverslon Cumbria LA12 7AU PROJECT JOHN LTD CONTENTS Pagé Truslees, report Independent examiner's report Slalement of financial actlvilies Balance sheet Notes to the financial slalements 8-19 PROJECT JOHN LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial slalemenls have been prepared in accordance with fhe accounting poli￿eS set out in note 1 to the financlal slalemenls and comply with the ¢haritVs 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 Charilies.. Slalement 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)" Objectlves and activities The charily's oblecls are :. To relieve those in need, particularly but nol exclusively, single young persons 8ged 16-25 in the Barrow-in-Furness area (the "8rea of benefil-l who are homeless or experiencJng serious financlal h8rdship, by providing them with temporary accommodation. To further such other charitable purposes as the trustees in Ih8ir absolut8 discrelion see fit for the benefit of such P8rsons including equipping Ihern with th8 skills and knowledge so they are beller able lo meet their own financial and tenancy needs. Public benefll The Iruslees have paid due regard lo guidance issued by Ihe Charity Commission in deciding what aclivllies the charity should undertake, Aehlevemants and performan¢a Thls ye8r has b88n both challanglng and posillve for Project John W8 secured further fundlng with Bralhay and DWP for Ihe delivery of our Youlh Hub job support scheme. Our firsl contract we more or less doubled the KPI targets given by DWP this was done by slrong pat1nership work and brilliant young people who engaged in the full process and support offered by our Youth Development wort(er. Our Youth hub has been full of positive aclivilies offered by partners based in th6 Centre along with our wonderful team working h8rd lo support young people. 10 young people joined in wilh our annual tall Ships sailing opportunities. again 811 young people developed new at)d positive stills to use in their every day life. During Ihis year we had 100% occupancy wilh our 19 units of accommodali¢)n. On average we have 4 young people on our waiting list due lo not having enough units lo meel demand. Projecl John Trustees have agreed Project John needs lo expand and purchase more units of accommodation; Project John manager is now looking out for potential properties. Giving lo communities Christmas appeal was extremely successful and another example of positive partnership work. 741 familles benefited from Ihls appeal glvlng toys, voucher, well-belng hampeTS along with food hampers lo families struggling during the festive season. Our community were amazing as usual donating a large number of toys. Project john held a racg night lo raised vital funds lo purchase toys to ensure no child wenl without al xmas. Proleot John would like lo thank all those volunteers who suppcwted us, we could not havg athieved Ihls wlthoul the kindness and volunteers lo commit lo the campaign. This year has been challenging with the inlroduction thal Supported Housing for Young People requiring Ofsled regislralion. As a vary small charity Ihis pul additional demand on the organizalion and slaff lo complete the relevant documents. 11 required a lol more additional policy and procedures, a new business plan not lo mention the additional expenses this has cost the organization. I would like to thank all staff for the dedication and commitment they gave supporting me lo complete the regisltalion. We are now awaiting the inspection. however with so many hou8ing projec13 having lo go through regislralion delays ale expeded. PROJECT JOHN LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tenanc Trainin Project John delivers tenancy tr8ining alongside support lo all our young people induding indSviduals who are looking al polentially being 8ccommodaled and supported. Project John have created the Iraining from scratch assesslng th8 needs of our young peop￿ and the Issués that they are currenlly facing to ensure we dellver appropriate and Informative training that they can apply to everyday life and prepare them for independent living. The Ir2ining Currently indudes.. Compleling Benefit fomis such as Council Tax etc. ResponsibllSties as a lenanl ID and where they can gel funding for this Preparlng for Iheir own Ignancy including types of tenancies Finding a property including applicallon lo CBL and how11 work8 Local agencles and what support Ihey offer Dangers around the home Including fire plans et¢. Managing money and dealing wilh bills Cleaning and general housework He81thy eating and Food hygiene The Iralning is also used within thelr reference for move on lo the Council wilh us confirming Ihal they have completed a pre.ten8ncy course. On completion of the Tenancy Training. the young people can use their booklet as a tool for Information as il will include useful contact numbers and personal details such as Iheir CBL numbers. We have worked hard over the lasl 12 months developing our youth offer, we r8coived funding from Iho DWP to become a 'Youlh Hub, Lhls means w8 have a youlh worf( coach based in our office each day and we provlded workshops and 1-1 support to encourage and support young people lo slart volunteering, trainlng or work. Thls has b88ll 8n exciling project and seen us work wllh 0￿r 160 young people. Flnanclal revlew Ouiing the year the charlly received income of £308,131 {2023 £305,730), this is split between £42,02512023 £45,879) from donations, £261,468 (2023 £258,920) from charilable aclivilies, £4,638 {2023 £931) from investment income. Resources expended on charitable activities amounled to £355,036 (2023 - £362.789) and £Nil Other expenditure (2023 - £630). The resulting deficit for th8 year was £46,905 (2023 deficit - £57.689). This was split between a deficit on unreslricled funds of £27,340 (2023 deficit - £5.529) and a deficit on restiicted funds of £19,565 {2023 - £52.160) due lo deprecialion. The balance on restricted funds of £708,308 relates to £665,888 spent on the pu￿hase and refurb of The Hub and is held in fixed assets and £42,420 for the refurbishment of Bath Street. The ba18nce on unrestricted funds at the year end is £745.046. Free reserves total £431,302. This is in excess of the fund balance required for the reserve policy. The Iruslees and management board greatly appreciate the assistance, both financial and otherwise, given by the funders during the period. Donations in kind are nol incorporated into the accounts as Ihey are not valued Sn onetary terms. PROJECT JOHN LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Resèw8s policy It is the policy of the charity that unreslri¢led funds which have not been designated for a speafic u58 Should bg maintained al a level equivalent lo twelve month's expenditure. The trustees ¢onsiders that reserv8s at this level wlll ensure that, in Ihe event of a significant drop in funding, Ihey will be able lo continue the char¢lls current activltles whil& consideration is given lo ways in which addilional funds may be raised. This level of reseNes has been malntained throughout Ihe year. Major risks The Iruslees has assessed the major risks to which the charity Is 6xposed, and are salisfled thal systèms are in place to miligale exposur8 to lh6 m8jor risks. Plans for futura perlods Project John has been working hard to complete our Ofsled regislralion. Ihis is parl of the new governance for supported accommodation for care leavefs. The team al P￿lect John have worked tirelessly behind lo scenes lo produce and implement changes needed and we hope lo b8 successful with our r&gislralion so we ar8 able 10 continue lo support. This was submilled In October 2023 and they are still awaillng on the inspection to galn Ofsled accreditsllon. Future funding Project John wlll recefve Ss:. Supporting people eA)nlracl - this 18 from Cumbrla County Council to pay for support workers and a percentage of th8 project manager's salary.11 was awarded for a 4 further years to March 2024, wllh the possibility of a further 2 years, however is al a reduced rale of appfoximalely £86.000 per annum as they have ¢ommissioned less units. Thls has now been secured lo March 2026 Housing benefil - this is from the rental income for our propertles. Thls has been al a rate of £126 per week for each of the 19 properties. This has remained the same for many years and Ihe Project John team have worked very hard alongside the Weslmorland and Furness Council lo negoliale new terms. from November 2024 rents will be al £298 per week. The extra Ss lo cover the increased average rent in the area and also the fact Ihal due lo the tenanl type Project John have to redecorate and refurnlsh after most lenants leave. Thls Increase would lake maximum housing benefit to a potenti81 £295,000 from £125.000. The Barrow Youth Hub Partnership {partner6d wilh Brathay and OWP) has been exlended lo October 2025, A8 both the Supporting People and 8arrow Youth Hub. funding Is comlng to an end, and future fvndlng Is unknown is hoped the housing benefil Increase will Cover any shortfall. The Manager and Trustees are always looking to secure funding and ar8 Gurrenlly looking into various grants. Structure, governance and managernont The charfty Is a company limited by guarantee and was sel up on 71h July 2005. It is govemed by a memorandum and articles of assoclallon. The Iruslees, who are also the directors for the purpose of company law, and who served during the year and up lo Ihe date of signature of tha finanaal slalemenls were-. Mrs Elizabeth Cass6IIs Mr Dave Morrison Mr Mark Ralph PROJECT JOHN LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Recniitm8nt and appointment of twst8eS Suggesllons for naw trustees are brought bofore the board and. if agr88d. that person Is then approachad and asked sf they are wllllng lo undertake thè role of a trust88 for Project John Llmlted. Documented appolntment procedures are then followed. None of the trustees has any beneflcSal knterèst In the company. All of thè trustees are members of thè company and guar8nteg to conlrlbute £1 In the event of a wlndlng up. Organisalional sfruclur6 Thè trustees delagatè the day to day runnlng of th8 charty to the manager, Ms Nlcola Kell. and the othar staff of Project John Ltd. Rél8tlonshlp wlth r818t8d part18S The tru5te95 are related partles of Prolèct John Ltd The truslees, r8POrt was approved by the Board of Twste8S. Ms Nlcola Kell Trustee 17 December 2024 PROJECT JOHN LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROJECT JOHN LTD I report to the Iruste8s on my examlnatlon of th8 flnanclal statoments of Proj8Ct John Ltd {th8 charlty) for the year ended 31 March 2024. Responslbllltles and basls of report As the trustees of the charity (and also its directors for the purposes of company law). you are responslble for the preparation of the financial statements in accordanc8 Wlth the requirements of the Compani85 Act 2006. Havlng satlsfled myself that the flnanclal statements of the charity are not requlred to be audlted under Part 16 of the Companle5 Act 2006 and are eligible for independent examlnalion. I report in respect of my examinatlon of thè charity's flnancial statements carried out under section 145 of the Charities Act 2011. In carrying out my 9xamlnatlon I have followed the DlreGtlon8 glven by the Charity Commlssion under sectlon 145(5)(b) of the ch8rllleB Aot 2011. Independonl oxamin•r's statemgnt Slnce the charity's gross Income exceeded £250.000, the Indgpendent examiner must be a member of a body Ilsted In séctlon 145 of the Charllles Act 2011. 1 conflrm that l am quallfled to undertake the examlnation because l am a member of ICAEW, whlch Is one of the Ilsted bodl8S. I have completed my examlnatlon. I confirm that no matter8 have come to my attentlon In connectlon wlth the examlnatlon glvlng me cause lo belleve that In any matsrlal respect: accountlng records V￿re not kept in respect of the charlty as requlred by sectlon 386 of the Companles Act 2006, the financlal stalements do not accord wlth thos8 r8cords; or the flnan¢l81 statements do not comply wlth the accountlng requirements of sectlon 396 of the Companies Act 2006 other than any rèqulrem8nl that the flnanclal st8t8ments glve a tru8 and talr vlew, whlch Is not a matter consldered as part of an Ind8p8nd8nt examination: or the ffinanclal statements have not been prepared In accordance wlth the methods and prlnclples of the Statement of Recommended Practlce for accountlng and reportlng by charS1Ses appllcabla to charllles PTeparlng thelr flnanclal statements in accordance wlth the Flnanclal Reportlng Standard applicable In the UK and Republlc of Ireland {FRS 102). I have no concems and have come across no other matters in connection wlth the 8xaminatlon to whlch att6ntlon should be drawn In thls report In order to enable a proper und8rstandlng of Ihe flnanclal stat8m8nts to be reach8d. JL Wlnd£r & Co Sulte 6 Fumess Gate Peler Grèen Way Barrow in Furne55 Cumbrla LA14 2PE Dated.. 19 December 2024 PROJECT JOHN LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacles Charitable aclivilles Inveslmenls 3,735 261.468 4.638 38,290 42.025 261,468 4.638 12,070 258.920 931 33,809 45,879 258,920 931 Total Incoma 269.841 308.131 271,921 33.809 305,730 Expenditure on: Charitable acllvi118s Other exponditur& 297.181 57.855 355,036 276,820 630 85.969 362,789 630 10 Total expendlture 297.181 57.855 355,036 277,450 85,969 363,419 Net expendlture and movement In funds {27,340) (19,565) {46.9)5) {5.529) {52,160} {57,6891 Reconclllatlon of funds: Fund ba18nces al 1 April 2023 772.386 727,873 1,500.259 777,915 780.033 1,557,948 Fund balan¢es at 31 March 2024 745,046 708,308 1,453.354 772,386 727,873 1,500,259 The slatemenl of financial activities includes all gains and losses recognlsed in the year. All incom8 and expendltur8 dedve from continuing aclivlties. PROJECT JOHN LTD BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxad assets Tanglble assets 12 1.022.052 1,054,753 Curront assets Debtors Cash at bank and In hand 13 78.708 373.931 22.610 438,537 452,639 461,147 Credltors: amounts falllng due wlthln one year 14 (21,337) (15,641) Not curront assots 431,302 445,508 Total as$el$1088 currnnt118bllltl8s 1.453.354 1.500,259 The funds of the charlty Restrlcted Income funds Unrestrlcted funds 17 18 708,308 745,046 727,873 772.386 1,453.354 1,500.259 The company1$ 9ntitled to the exempiSon from th8 audtt requlrement ccMit8lned In Sectlon 477 of the Companlos Act 2006. for the year ended 31 March 2024. The dlre¢tor6 acknowledge their responslbllitles for complylng wlth the requlrem8nts of the Compgnles Act 2006 wllh r8SP8Ct to accountlng records and the preparatlon of ftnanclal statemgnls. The members hav8 not requlred the company to obtaln an audlt of Its financlal statements for the year In questlon In accordance with sectlon 476. These financlal statements have been prepared in accordance with the provlslons appllcable to companles subject to the small companies reglme. Th8 financlal statements were approved by the trustees on 17 December 2024 Mr Dave Morrlson Trustee Company reglstratlon number 05502316 (England and Wales) PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles Charity informatlon Project John Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is The Hvb, 20-24 Cavendish Slreel, Barrow In Furness. Cumbria, LA14 1 SE. 1.1 Accounting conventlon The accounts have been preparéd In acc(wdance with th8 chariws ￿v￿rnIng document, the Companles Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing (heir accounts in accordanc8 with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The tharily has taken advantage of the provisions in the SORP for charit18s applying FRS 102 Update Bulletin 1 not to prepare 2 Slalement of Cash Flows. The financial slalemenls are prepared In sterling. which is the functlonal currency of the charity. Monetary amounts in these financtal slalemenls are rounded lo lh8 nearesl £. 1.2 Going concern Al the lime of approvlng the financial slalemenls, Ihe trustees have a reasonable expectation Ihal Ihe charlly has adequale resources lo ￿nIInue in operational existence for Ihe foreseeable future. Thus (he Iruslees conlinue lo adopt the going concern basis of accounting in preparing the financial slatemenls. 1.3 Charitable funds Unreslrlcted funds are avallable for usè al the discretion of the Iwslees in furthèrance of their charitable objectives. Reslrieled funds are funds whlch have been given lo the charlty f(K a particjjlar purpose or project. 1.4 Income Income is recognised when the charily is legally entitled lo il after any perfomiance condllions have been met. the amounts can be measured reliably, and il is probable thal income will be received. Cash donation5 are recognised on receipl. Other donations are recognised once the charity has been notified of the donation, unlass perfomiance conditions require deferral of th8 8mounL Income lax recoverable in relation to donalbons received under Gift Aid or deeds of covenant is recognised at the time of the donailon. Legacios are recognised on re¢oipl or othernvise if the charity has been notified of an impending distribution, the amount is known. and recelpt is expecied. l( tha amount is r￿1 known, the legacy is Irealed as a conling8nt asset. 1.5 Expendlture Resources exponded are accounted for on an accruals basis. inclusive of VAT where applicable, and have been allocated to the correct cost category. 1.6 Tangible fixed assèts Tan9ible fixed assets are inilially measured at cost and subsequently measured at cosl or valuallon. net of depreciatlon and any impaimient losses. PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng policies {Contlnuedl Depreciation is recognised so as lo write off the cost or valuation of assets less their residual v81ues over Ihelr useful lives on the followlng bases: Land and buildings Fixtures. filllngs & equipment for properties Fixtures, fittings & equipment 2% str8lghl line 15% slraight line 15% arid 33% straight line The gain or loss artsing on the disposal of an asset is delermlned as the difference between Ihe sale proceeds and the carrying valu6 of the asset, and is re￿gnised in the slalement of financlal activilles. 1.7 Impalrment of tlxed asséts At each reportlng end date. Ihe charity revlews lh8 carrying amounls of ils langlble assets lo determine whether there is any indication that those assels have suffered an Impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to delermine the extent of th8 impairment loss {If any). 1.8 Cash and cash èqulvalents Cash and cash equivalents include cash In hand, deposits held at C811 with banks, other 8hort-18rm liquid investments with original m81urilie8 of three months or less. 8nd bank overdrafts. Bank overdrafts are shown wilhin borrowings In currenl liabililies. 1.9 Financlal Instruments The charity has elected lo apply Ihe provisions of Section 11 'Basic Financial Instruments. 8nd Secllon 12 'Olher Financial Inslrumenls Issues, of FRS 102 to all ol its financial inslrumenls. Financial instruments are recognlsed in Ihe charity's balance sheet when the charity becomes party lo the conlraclual provisions of Ihe inslrumenl. Financlal assels and liabilities are offs8t, wllh Ihe nel amounts pr85enled in tha financlal stalemenls, when there is a legally enforceable right to Sel off the recognised amounts and there Is an Intention lo settle on 8 nel basls or lo realise the asset and Sell￿ the liability Simultan￿u$1y. Basic flnanclal assets 8asl¢ financial assets, which indude debtors and cash and bank balances, are initially measured al transaction price including transaction costs and a￿ subwjuently carried al amortised cosl using the effective interest method unless the arrangemenl constitutes a financing transacllon. where the transaction is measured at the present value of the fulurtt receipts discounted at a market rate of interest. Financial assets la$sified as receivable within one year are not amortised. 8aslc flnanclal Ilabillties Basic financial liablllties, including creditors and bank loans are inilially recognised al tr8nsaclion price unless the arrangamenl conslilules a financing transaclion. where Ihe d8bt instrument is MeaSu￿d al Ihe present value of the future payments discounted al a market rate of interest. Financial liabllilies classified 88 payable wlthin on8 year ara not amortised. Debt instruments are subsequently carried al amortised cost, using the effeclive inleresl rale method. Trade creditors are obligations to pay for goods or semces thal h8ve been acquired in Ihe ordinary Course of operations from suppliers. Amounts payable are classified 8s current liabilities if payment is due within on8 year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and Subsequenuy measured at amoriised cost using the effective inlerosl method. PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (Contlnued) Derecognition of financial liabilities Financlal Ilabllllle8 are derecA)gnised when the charivs contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entldemenl is recognised in Ihe period in which the employee's services are received. Termlnallon benefits are recognised immediately as an expense when the cherily Is demonstrably eommltted lo terminate the employment of an employee or lo provide terminailon benefits. 1.11 Retlrement beneflts Payments lo defined contribution retirement benefil scheffles are charged as an expense as Ihey fall due. Crltlcal ac¢ountlng estlmatos and ludgamants In the 8PtAicallon of the charily's aceA)unling policies. lh& trusla88 are required to make judgements, estimates and assumplions about the carrying amount of assets and liabilili6S that are not roadily apparent from clher sources. The estimates and associated assumpikjns are based on historical experience and other factors that are considered lo be relevant. Aclual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongolng b8sls. Revislons 10 8ccounling estimates are reco9nised In the p8riod In whlch the estim81e Is revised where the revision affects only that period, or In the perlod of ihe revislon and fulure periods vthere the revision affects both current and futur8 perii)ds, Income from donations and lèga¢lé$ Unrestrlcted Re$trlcted fund$ funds 2024 2024 Total Unrestri¢ted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants 3.735 3,735 38.2 570 11,500 570 45,309 38,290 33,809 3.735 38,290 42.025 12.070 33,809 45,879 10- PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvitle5 2024 2023 Housing benefit Hub conlrlbulions from associated youth agenci8S Supporting People Contract and Brathay Partnershlp Leaving Care Assistance 110,670 30,785 119.008 1.005 109,646 34,172 105,960 9,142 261.468 258,920 Incomé from Investments Unrestricted Unrestricted fund$ funds 2024 2023 Interest receivable 4,638 931 11 PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable activities 2024 2023 Staff costs Depreciation and impaimienl Tenants expenses. incentives and training Rates for properties Repairs to prop6rtles Fuel and light for properties Staff Iralnlng Rates Insurance Llght and heal Rep8ir$ and maintenance 151.617 32,701 51.131 2.263 53,591 1,523 1,g91 915 7,424 12.875 3,366 159,881 33,352 41,985 1,125 56,327 1,974 2,706 1,704 6,693 12,681 12.350 F11 Printing, postage, stationery and office costs Telephone and fax Entertainment subscriptions Motor expenses Motor vehicle lease Cleaning Anniversary celebration costs Operating leases Legal and professional fees Accountancy fees Bank charges Other charitabl6 8xpendilure 1,451 4,351 698 3,784 7,839 4,993 351 1.695 3.240 5.258 168 1,811 2.015 3,883 1,093 4,306 4,030 5,042 3,456 1,393 970 4,672 197 954 355,036 362,789 355,036 362,789 Analysls by fund Unreslricled funds Reslricled funds 297,181 57.855 355.036 For the year ended 31 March 2023 Unr8slricted funds Reslricled fun(Js 276,820 85,969 362,789 12- PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement In funds 2024 2023 The nel movemenl In fijnds is slated after chargingl{creditlng}: Fees payable for the indapèndent examination of the charity's financial statements Depreciation of owned tsngible fixed assets Loss on disposal of tangible fixed ass8ts 1,890 32,701 1,800 33,352 630 Trustees Nong of the Iruslees (or any persons connected with them) received any remuneration or expense payments during the current or prevlous year. Employees The average monthly numbér of 8mFdoyees during the year was: 2024 Numbar 2023 Number Average number of employees Employment cost8 2024 2023 Wages and salaries Soclal security costs Other pension costs 138,838 7,895 4,884 138,025 7,613 4,763 151.617 150,401 There were no employees whose annu81 remunaralitin was more than £60,000. Ramun•ratlon of key managemant ￿rsonnel The remuneration of key management personnel was as follows.. 2024 2023 Aggregate compensat￿n 52,765 51,108 13- PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Olherexpendlture Unrestricted Unrestrictèd funds funds 2024 2023 Nel loss on disrx)sal of tangib18 fixed assets 630 11 Taxatlon The charlty is exempl from laxatlon on ils activities because all ils income is appliod for charftable purposes. 12 Tanglble flxéd assets Land and buildlhgs Flxturqs, fllllngs & •qulpmont for propertles Flxtures. fi¢tings & •qulpm8nt Total Cost At 1 April 2023 1.258,013 4.711 60.196 1,322.920 At 31 March 2024 1,258.013 4.711 60.196 1.322,920 Dèpreclatlon and Impalrm8nt At 1 April 2023 Depreciatlon charg8d In lh8 year 217.204 25.160 4,711 46,252 7,541 268.167 32,701 At 31 March 2024 242.364 4,711 53,793 300,868 Carrylng amount At 31 March 2024 1,015,649 6,403 1,022,052 At 31 March 2023 1,040,809 13.944 1,054,753 13 Debtors 2024 2023 Amounts falllng due within ona year: Trade debtors Prepayments and accrued income 73,264 5,444 17,164 5,446 78,708 22,610 14- PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Gredltors: amounts falllng due within on6 yoar 2024 2023 Notes Deferred income Other creditors Accruals 15 4,225 3,671 13,441 8,471 7,170 21,337 15,641 15 Deferred Income 2024 2023 Other deferred income 4,225 Deferred Income is included in the financial statements as lollows.. 2024 2023 Deferred income is included wlthln: Currènt Ilabililies 4,225 16 Retirement bènaflt schemes 2024 2023 Deflned conlributlon $chema8 Charg8 to profil or loss in respect of defined conlribulion Schemes 4,884 4.763 Th8 charity operates a defined conlribulion pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 15- oto 00 i 00 (￿￿00000¢5)0 )*o)oooeo￿o a)*oooo* o ￿ Ir) ¢0 ￿ ¢3J 04)￿0 OOOOVLn (N (S) 0 > ts) o kL C C C c c c c o o o o c c c c L) OUUUL) c C ¢D o x x J EuuU￿ 2 E E E EQLL iiiiiio]o)uuuru)uuL)y<> c o) (o > ox. 4)>￿￿ O PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Unrestrlcted funds The unreslricled funds of the charity ￿MprISe the unexp6nded balances of donations and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. Thes8 include designated fvnds which have been sel aside oul of unrestrrcled funds by the Iruslees for specific purposes. At l Aprll 2023 Incoming resources R650urce$ At 31 March expended 2024 General furKis 772,386 269,841 (297,1811 745,046 Previous yèar: At 1 April 2022 Incoming resources Resourcès At 31 March expendod 2023 Gen8ral funds 777,915 271,921 1277,450) 772,386 19 Analysls of net assats b8tvMen funds Unrestricted funds 2024 Restrlcted funds 2024 Total 2024 At 31 March 2024: Tangible assels Current asselsl{liabililies) 313,744 431,302 708,308 1,022,052 431,302 745,046 708.308 1,453,354 Unrestrl¢led funds 2023 Rostrlctéd funds 2023 Total 2023 At 31 March 2023: Tanglblé assets Current asselsllllablliliesl 326.880 445.506 727.873 1,054,753 445,506 772.386 727.873 1.500.259 18- PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Operatlng lease commltments At Ihe reporting end dale the charity had outstanding commilmenls for future minimum lease payments under non-cancellable operaliNJ leases. which fall due as follows: 2024 2023 Wilhin one y88r 8elwe8n Nvo and five years 6,063 2,479 4,887 9,761 8,542 14,648 21 Related party transactlon8 Thère were no disclosable related party Iransaclk)ns during the year {2023 - none). 19-