Cownpany registration number L15502316 (England and Wales} Charlty reglstratlon number 1111035 (England and Wale51 PROJECT JOHN LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 PROJECT JOHN LTD LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s Mrs Elizabeth Cassells Mr Dave Morrison Mr Mark Ralph Secretary Ms Nleol8 Kell Counlry of In¢orporatlon United Kingdom (England and Wales) 05502316 Charity Tegi8tration England and Wales 1111035 Reglstered ofllce The Hub 20.24 Cav8ndlsh Str88t Barrow In Furness Cumbria LA14 1 SE Indepgndent gxamlnor JL Winder & Co Surte 8 Furness Gate Peter Green Woy Barrow in Furn8ss Cumbri LA14 2PE Bank•rs Bar￿a￿ Bank. Barrow 86-90 Dalton Road Barrow in Furngss Cumbria LA14 1JH S?Ilcltor Llvlngslon$ Soll¢llors g Ben￿n Street UIv8rslon Cumbria LA12 7AU PROJECT JOHN LTD CONTENTS Pagg Trustees. report Ind8P8nd8nl 8xatnln8rfs report Statement of lin8n¢ial activltios Balance sheet Nolas lo Ihe flnanclal $lalem&nls 9-20 PROJECT JOHN LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Th8 Irust88s pr8sent Ih8ir annual report and financial statements lor Iha y8ar end8d 31 March 2025. The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note I to the fin8nci81 slatetnenls and cotnply wilh the charity's governing document. the Cornpanies Acl 2006. FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" the Charitie5 SORP'Accounting and Repothng by Charities". Statement ol Recommended Practice appllcable lo chartties preparlng treir accounts in accordance wltt) the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021.. Objectives and activitie The ¢harlly'$ oble¢t$ ar& Ta relieve thr)8e in need. particularty but not exclusively, single young persons aged 16-25 in the Bariow-in-Fumess area Ilhe area ol b9nolifi who are hom91oss or expori9n¢ing sgrlous flnan¢lal har(Ishlp, by provlding Ihem with t$mpor8ry accommodation. To further su<*) olhtrr ch8ri18bl6 purposes as Ihe Iru8legs in their 8b801ule disciebon seg lit lor the bgnglil of such parsons including equipping them with the skills and knowledge so Ihey are belter able lo meet their own financial and lenancy needs. Public benefit Th8 Iruslees hav8 paid due regard lo guidance issued by the Charity Commis%on in deciding what activities tha charity should undertake. Aehl•v•m•nts and porfomiane• This year has been both ¢hall$nging and ptssiliva for Proi¢¢l John We are In our final ye¥r wilh Biathay DIVP lor Ihe d¢liv¢ry ol our Youth 4ub job suJporl sohemo. Our first Gonlra¢l ,Ne rnorp or Ipss doLibled Ihp KPI targAls givpn bi DWP Ihig wag ?y strong partnpr8hip wnrk and brilliant yOLing people who engaged in the lull process and support offered by tsur Youth Development worker. We h8ve worked harc over Ilie last 12 months develooino our iOLJllI oller. we provided workshops and 1.1 support lo encourage and support young pe,3ple lo start volunteering, Iraining 01 work. This has been an exciting pioiecl and seen us iork with Oirèr 116 youno peopla. Our Youth hub has been lull ol positive aclivilles ollered by partners based In th6 Centre along 'Nilh our wonderful team ioiking hard to SUPPOfl young people WÈ dèlivered a summér piogramme offering DLJI young pèople aetiviliès Including a Iiip lo Blackjool. Duiing this lear we haJ 100% occupancy with our 19 units ol accommodation. On average we have 4 young people on oui viaiting list due lo nol having enDugh unils lo meet demand. Projecl Jtshn Trustees have agreed Project J)hn needs lo expand and puicha5B tnore unit5 01 aGo0￿￿0datlQ￿,. Proieol John Th8nager Is now looking out lor polenlial propertie5 Th15 year we were selecled as tre chosen charity for Samwortfr Brothers Samworth Brolhers Is one of the largest UK producers ol chilled focd. Every two y￿arS they P*)Id 8 Triathlon style leam evÈnl in different bcalions around IhÈ c)unlry. Wilh teams raising funds lor local charities In the event area rh15 year's evenl was Ambleside Nicola attended a pre5enl8iion diiner on IhE fin81 evpning f Ihe event whère she was given a cheque for £20,000 to use with 5uppor".Ing needs of our you1g people This was thè largest amount raised during these events which not ortly made miself exirern81y emolional bLJI many of the staff marta9ing the event PROJECT JOHN LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Giving to cotnmunilies Christtna5 appeal was exlrernel/ succes51ul and another exatnple of positii'e partnersiip work 486 families benefited from this appeal giving 10515, voucher, well-being harnpers along with food hamp•rs to families struggling curing the feslive se8son. Our communily were amazinij as Lisual donating è large number of toys Proiecl John held a r3ce right lo raised vital funds lo PUrc￿aSe toys lo ensure no child went without at Christmas. Praject John would like to thank all those v¢Jlun-.eers who supported us. we could not have achieved this without the kindness and volunteers to cornmit to Ilie ca￿PaIgn. This year has been ohallenging with Ihe introduction Ihal Supported Housing -or Young People requiring Olsled re9islralion. As a very small charily this put additional demand on the organ12aiion and stall lo complete Ihe relevant documenis. 11 rJquired a lol more adjilional pol ty and procedures, a new business p12n noi lo mention the additional expenses this hag cost the organisation. I would like lo thank all stall for the dedication and commitment Ihey gave supporting me lo complele the regislralion. We a￿ now awaibng the inspeclion, however with so many housing projects havina ID ga IhrDugh ￿gistratIon celays are expe¢ted Tenanc Troinin Project John delivers lenancy training alongside support lo all our yo>ung people Including Individuals who a￿ looking al potentially ￿sIng accommodated and supportgd. Projocl John hav¢ ¢roatgd Ihg trainin9 from scratch a$sÈs$ing thg nood$ of Dur yc>ung pooplo and th¢ i$$uos thot they aro cuirently lacing to gnsure we deliver appioprialg and inlorrnalive training that Ih8y can apply to gveryday life and prepare them for independent living. The training currently includes.. Gompleling Be[￿fil loims wch a$ Coun¢ll Tax 91¢. • Responsibilities as a tenant ID and where they can gel lunding lor Ihi8 Prgparing lor thélr own rènancy Includlng iypès ol Ignanclas Findin9 0 property including applicalign to CBL ond how il works Local agencies and what sUPPQrt they oller Dan98rs around thè homè Including lir8 plans èle. Manoging money and d¢8ling wilh bills Cl881ino 8nd genttr81 htsusework Healthy e81ing 8nd Food hygiene The training is also used within their reference for move on lo the Council with us confirming that Ihey have completed a pre-tenancy course On completion of the Tenancy Training the young peoplB can use their booklet a5 a tool fDr inforrnation as il will Include ustrful contact numbers and personal d8tails such as their CBL numbers. PROJECT JOHN LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal revlew During the year the ¢harily raceived income cf £351,25512024 £308,1311. this is split b8lweèn £36,72712024 £42,025) from donations, £309,55612024 - £261.4681 frorn charitable activitl8s, £4,97212024 - £4.6381 from investment incom8. Resourcès 8xpend8d on charitsble activ￿]8$ a￿OUnted lo £320,35512024 - £355,036) and £1.437 Other expendiluie12024 - The resulting profil for the year was £29.46312024 deliul - £46.0951. This was split between a profil on unreslricled funds ol £42,47112024 deficit- £27.3401 and a deficit on restricted funds of £13,00812024- £19,5651 due to deprecialion. The balance on reslriGled funds 01 £695,300 relates lo £648.917 spent on the purchase and refurt) ol The Hub and is held in fixed assets. £41,460 lor the refurbishment ol Bath Street and £4,923 for the summer 2025 Tall Ship5 Sailin9 Trip. The balance on unrestricted funds al the year end is £787,517. Free reserves total £483,082. This is in excess of the fund balance required for the reserve pglicy. The trusl88s and management board greatly appreciate the assisance. both finanrAal and otherwise, giv8n by the funders uring the period. Donations in kirt are not in¢orporaled into the accounts as they are not valued in monetary lerrns. R8s8N•s policy 11 is tho poli¢y of tho ehority that unrostri¢to¢J lunds which hovo not boon ¢Josignotod for o spccifi¢ uso should bo rnaintainod ol a level equivalent lo twelve month'5 expenditure. The trustees considers that reserves al thi5 level will ensure that, in the event ol a significant drop in funding, they will be able to continue the charity's current actwities while CDnsideralion is given lo viays Sn whl¢h addllonal fLJndg may be r8ls&d, Thls1ovg1 of free resorves h&$ bgen malnlaln8d Ihroughoul the year. The charity are a150 conscious that all ol the 19 propgrties, lor tenants. rgquire luluie expenditure lo maintain them lo a good rnndprn stAnrlard A sr.hp.mp nf intp.rn21 wnrks has hpp.n r.Arripd niil nvpr thp IA8t twn yp.Arq hnwpvp.r p.xtp.rnal W￿kS In viSndow8 and roofs wlll soon be required and 98 such the charlly Is holdSng funds In aniiclpallon ol Ihes& costs. The Hub is also a large older build'ng. for which maintenance and improvernenls costs, could be large in the coming years. Majoi'rfsks The trustees has assessed the major risks to which the charity is exposed, and are sa1151ied that systems are in place to miligale exposu￿ to Ihe major risks. PROJECT JOHN LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for fvture perlods Projo¢1 John has been working hard lo compl<s our ofsted registration, this is part ol thè n&w yovam¥nce for supportèd accommodation for car8 18aver8. Th8 team at Projact John hav& worked tir818Bsly b8hind to sc8nes lo produce and implement changes needed and we hope lo be suwessful with our regislralion so we are 8ble to ¢oniinue to support. This via8 subrni11gd in October 2023 they arg Sill awaiting On the inspection lo gain Ofsled aecreditalion. Future lunding Project John wlll recelve Is'.- Supportlng people conir8ct- th1515 from Curnbrfa County Gouncll to pay lor support worker5 and a percentage of the project manager's salary. 11 was award8d for a 4 further years lo March 2024, with the possibility ol a furlher 2 years, however is al a r•duced rate of approximately £86.000 per annum as Ihey have commissioned less Ljnits. This has now b&&n secured to M8r¢h 2026. In November 2026 Project John have submitted a lender lor 8 further 12 rnu)ths funding, Wlth a value ol around £100.000 lo March 2027. Housing benefit- this is from th6 rentsl income for our properties. This has been 818 rate of £126 per week for oach of tho 19 properties. This has remained the same lor rnany years and the Project John team have worked very hard alongsid8 the Weslmorland and Furnegs Council to negoliale new terms. from November 2024 rents will be at £298 per week. The extra Is io wwer the in¢re8sed averag8 rent in the area and also Ihts fa¢1 th81 due lo the lenanl iyFe Project john have lo redecor818 and refurnish after most tenants leave. This incraase would lake msximurn housing benefit to a potential £295.000 from £125,000. Thp Barrow Youth Hub Partnership Ipartnered with Brathay and DWP} has been extended to October 2025. There will be future fundin9 from this gr8nl. Slruclure, govemance and management The charity is a cotnpany limited by guarantee and was sel up on 7th July 2005. 11 is governed by a rnemorandum and ¥rticle$ gf gsso¢iats'on. Th8 Iru6188s, who are a150 the directors lor the purpose ol company law, and who setved during the y8ar and up lo the dale ol signature ol the financial statemenls were.. Nlrs Elizabeth Gassells Mr Dave Morrison Ir Mark Ralph Rgcruilmenl 8nd 9pP￿￿t￿OnI of In151ee5 Suugests'ons lor Iiew trustees are brought before tlie board and, il agreed, thdl person is theii appruached and asked il they are willing to undertake the role ol a trustee for Project John Limited. Documenled oppoinlment procedures are then followed. None ol the Iruslees has any beneficial interest in the company. All of the trustees are rnemhers of the cornpany and ouaranlee lo contribute £1 in the event of 8 winding up. Org&nisational stnKlure The trusteès dèlegate the day to day runnlng of the charity to Ihe manager, Ms Nicola Kell, and thè other stsff ol Project John Ltd. Relationship with related psrtips The Iruslees are related parties ol Project John Ltd PROJECT JOHN LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Irusle&$' raport was approved by the Board of Tru818es. fvls Nicola K811 Trustee 12 December 2025 PROJECT JOHN LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROJECT JOHN LTD I report lo the tru5tee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 Project John Ltd Ith8 charilyl for the year end8d 31 March 2D25. Ro$pon$lbllltl&$ and b¥sl$ of roport As Ihe trustoes ol tho charity land also its directors for the purposes ol company lawl, you ar• responsible for tho preparallon ol the financial statements in accordanc8 with the r8quirom8nt5 01 the Companies Act 2006. Having $8li$fied myself that the finan¢ial statements ol the charity are not required to be audited undèr Part 16 of the Companies Act 2006 and arè eligible for independent èxamination, I rèport in resp6cl of My exarrination of the charty's financial slalemenls carried out under section 145 of the Charities Act 2011. In carrying out my exarllination I ha08 lollow8d the Direclions given by the Charity Comrnission under section 14515llbl of the Charities Act 2011. Ind•p•nd•nt •xamln•rf8 stat•m•nt Since the charity'5 gross incorne exceeded £250,000, the indcpondenl examiner musl be g member of a body listed in sèclion 145 01 thè Charitias Act 2011. 1 confirm that l am qualiligd to und$rtak& thg &xaminalion bg¢auso l am a mgrnbgr ol ICAEVV, wh￿h Is one ol th8 list8d bodles. I have completed my exarninalion. I confirm that no matt2rs have come to my atten￿'on in connection with the examination 9iving me cause lo believe that in any m81erial resp¢¢l'. aecountlng r8cords w8r8 not kèpl In respect ol th8 charlty as r•qulrad by s8ctlon 386 01 th8 Companl8s Act 2006. the flnanclal slalemenls do not accord with those records., or the financial slaternents do not COTnply with Ihe aC￿v￿lIng requiremet)ts ol section 396 of the Companies Act 2006 other than any requirement thet the ttnancial statements give a true and fair view, which Is not a matter considered 95 Part of an indeptrndenl examination., or the financial statements have not been prepared in accordance with Ihe methods and principles of the Statement ol Recommended Pra¢lice for 8¢counling and repDrtin9 by charibes applicable lo chgrilies preparing their lin8n¢ial statements in 3ccDrdance with Ihe Financial Reporting $18ndard 8ppli¢abl8 in th8 UK and Rapu>lic ol Ireland IFRS 1021. I have no concgrns and h8ve across no other tnalter8 in wilh the examination to which allenlion should be érawn in this report in order lo enEble a proper understanding of the financial slatements ID be reached. JL Imndèr & Co Suile e Fumess Gale Peter Green Wgy Barrow in Fum888 Cutnbiia LA14 2PE Dated.. 16 December 2025 PROJECT JOHN LTD STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr•stri¢tsd Restri¢t•d funds funds 2025 2025 Total Unro8tri¢tsd Re8tri¢l*d fund8 funds 2024 2024 Total 2025 2024 Notes Incom• from= Donations and legacies Chari18blè 8clivth$s Invaslments 23.527 309.556 4.972 13,200 36,727 309,556 4,972 3,735 261,468 4,638 38,290 42.￿25 261,468 4,638 Tat*l ificofft• 338.05S 13,200 3S1,255 269,841 38,290 308,131 Expendllure on= Charitable activ￿.e5 Other expenditure 294,147 1.437 26,208 320,355 1,437 297,181 57,855 355,036 10 Total expenditur• 295.584 26,208 321,792 297,181 57.855 355,036 N•t Incomell8xpondltur•l and movèmont In lunds 42 471 113,0081 29,463 127,3401 119,5651 I46,￿15) R•conelllatlon of funds.. Fund balances al 1 April 2024 745.046 708,308 1,453,354 772,386 727,873 1,500.259 Fund balan¢•$ at 31 Mar¢h 2025 787,517 695,300 1,482,817 745.046 708,308 ,453.354 The $1818n)enl of finan¢lal acllvi1189 Ineludts all gains and losses rè¢ognlsad Sn the year, All Ineome 8md 8xp6ndllure derlv8 from continuing aclivili&s. PROJECT JOHN LTD BALANCE SHEET AS A T 31 AIARCH 2025 2025 2024 Not9¥ FlxÈd 8gse18 Tangib18 asse18 12 994,812 1,022,052 Currènt a88•t8 Debtors Cash at bank and In hand 13 73.238 427,279 78,708 373.931 500,517 452.639 Cr•dilor8= amount$ f811ing du• within on• y•ar 14 112,5121 121,3371 N•t curmnl a860ts 488,005 431,302 Total as8•ts1•88 currnnl Ilabllltl•s 1,482,817 1,453.354 Thg funds of th• ¢hgrlly Rcstriclod incomo funds Unresiricled funds 17 18 695,300 787,517 708.308 745,fy16 1,482,817 1,453.354 The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies A¢1 2006, lor tha yaar ended 31 M3rch 2025, The directors acknowledge their responsibilities lor complying with tre requirements of the Companies Act 2006 with respect lo accounts'ng rectsrds 8nd the preparation ol linonaal statements. Th8 membors have nol required the cornpany lo obtain an audit of rts financial slalements for the year in question in ae¢ordan¢e with section 476. Thesg financial slalements havtr L*en propargd in ac¢ordancg with the provisiuns applicable lo companies subjo¢1 to th¢ small companies regi￿￿. The finan¢181 $181ements were approvÉd by the truste&s on 12 December 2D25 Ir Dave Morrison Trustèè PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountSng pollcle8 Ch8rity infowmation Project John Ltd is a private company Iimit•d by guarant88 incorporaled in England and Wales. Th• r8gisl•rod offic8 is Th8 Huti, 20.24 Cavendish Strs&t, Barrow In Furnèss, Cumbrla, LA14 1SE. 1.1 Basis of preparation Th& accounts have b88n prèpared in aecordanc6 with the charity's gOV8min9 doeum&nt, th& Companios Act 2006 and °Accounb'ng and Reporting by Charities.. Ststement of Recommended Practice applicable to charib'e5 preparing their accounts in accLYdance with the Financial Reporting Standard applicable in the UK and Reput4ic ol Ireland IFRS 10£) las amended lor accounting pèriods commèncing from 1 January 20161. Thè charltv is a Public B8n8lit Entity as dèfln&d by FRS 102. Thè charlly has taken advantage of Ihè provisions in thè SORP for charlliès applylng FRS 102 Update Bulletin 1 not lo prepare a Slalem8nt ol Cash Flows. Th8 Ilnancial slalements ar6 prepared In 51erllng, which15 tho luncllonal currency ol th8 charlty. Mon8lary amounts th8sa linanclal stAlem8ntS *8 round8d to thè n8ar8st £. 1.2 Golng eonc•m Al the Iirne of approving the financial slalernenls, the Iruslees have a r8?sonab18 expeclats'on that the Ghaiity has adequate resources to continLJe In operational existence tor the toreseeable lulure. Thus the trustees COn￿n￿e to adopt th8 g¢ing concern b8sis ol accounting in prep8ring the financk91 slalamenls. 1.3 Charflabl• fundy Unr8slrict8d funds ar8 available for us6 at tha discr81ion ol the truslees in furth8ranca of Ihalr tharitabl8 obj8cllv89. Re8tricl8d lunds are funds vihich have been glven lo the charity lor a particular purpose or projèct. 1.4 Incorn• Income is ré¢ognisèd when the eharily is légally entitled lo il aftér any pèrformance conditions have beèn mel. the amounts can be measured reliably, and il is probable that incorne will be received. Cash donallons are r8cognl8ed on racolpl, Olh8r donallon9 ara rtrwgnlsèd once the charity has been notified of the donation. unless perlorrnance conditions require deferral ol tre amount. Income lax recoverable in r8lats.on to donations receivèd under Gilt Aid or deeds of eovèn8ni Is reco9nlsed at Ihè tlmè ot thè don8tion. Logacies am recognised on rec#ipt or otherwise rf the charity has been nolllied of an impendlng distribution, th¥ amount is known, and re¢elpt is expe¢tèd. If the arnount Is nc* known, the legacy is treatèd as a Contingent asset. 1.S Expondltur Resource5 expended are accounted for on an a¢￿ual5 basis, inclusive of VAT where applicable, and have been allocated lo the correct cost category. 1.6 T*n9ible fixed aJJets Tangiblg fixad assèts are initially mèasurod at cost and subs6qu$nly measurèd at cost or valuation, nèt OF dèpreaation and any impairment105ses. PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies Icontinutdl Depre¢iation 1$ re¢ognised so 8$ to write off the eosl or v8lu8tion of assets less their residual v8lue8 over their useful liv85 on Ihe following bases". Land and buildings FYxlur8s, fittings & equipment lor propertl8S Fixtures, fittings & equipment 2'A straight line 15'A straight lin& 15Ukn and 33D/o Straight line The g3in or loss arising on the disposal of an 85set is determined as Ihe difference between the sale proceeds and the carrying valu8 ol th8 asset, and is recognisad In th8 Statem8nl of financial aclivilies. 1.7 Impalrment of flxed assets Al each reporting end date, th8 charfty rèvlèws the carrylng amounts of Its langibl8 ass8ls lo détèrmlna whath8r there 15 any indication that those assets have suffered an irnpairmenl loss. If any such indication exists. Ihe recoverable amounl ol the asset is 8S1ima18d in ord8r to d8t8rrnin8 th8 8xl8nt ol th8 impairm8nl loss lif any). 1.8 Cash and Cash ?qulv¥lgnts Cash and cash equivalents include cash in hand, deposits hdd at call wth banks, other short-lerm liquid investmenls with orioinal maturities of three months or les$, ond bank overdrofts. Bank overdrofts oro shown within borrowin9s in 1.9 Financial in8trum•nt• The charity h88 <sci8d lo apply the provisions ol Section 11 '8asic Financial In8lrumenls' and Se¢lion 12'0ther Financial InslnJrnenls Issues, of FRS 102 to all ol rts financial instruments. Finanrial instrurnents 4r9 rgcognisgd in the ¢harily'g balance $h991 when Ihg charity bg¢orngs party lo the conlractual provisions ol the instrument. Financial assets and liabilities are offsel, with the net atnounls pr88enled in the financi818latern8nls. when Ihere 18 a legallv enforceable right lo sel off the recognised amount5 and there is an intention to settle on a net basis or io realise lh9 as891 and Sgllle Ihg Ilabllly slmullan90usIy. 8asi¢ financial a88et$ Basic financial assets, which include debtors and cash and bank balences. are initially measured at transaction price induding Iran88Ction costs 8nd are sub$$quenlly carried al 8mortis8tJ ¢081 using th& effective inl&r¥st method unl￿$ the arrangement conslitules a financing Iransaclion. where the transaction is rnea5ured al the present value of the future rÈceipts discounted al a marf5 309,556 281,468 In¢ome frown inve4tment8 Unrgstrlctgd Unrgstrlcted funds lunds 2025 2024 Into￿1 receivable 4,972 4,638 12- PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltable acto￿tIes 202S 2024 Staff costs Depreciation and impairrnent T¥iiaiils ¥xpens¥s, iTILtri)liv¥s ai)d trdiTIiiiy Ral&s for properfi&s Repairs lo properties Fuel and light for properties Staff Iraining Kale Insurance Light and hèal Repalrs and malnlenance Printing. poslaoe, stationery and office costs Tèléphone and lax Entèrtainment stsbscrlptions Motor gxpenses Motor vehicle lease Cl8aning Anniv8rsary c818bration costs Operating leases Lègal and prolasslonal 188S Accountancy lees Bank Charges Other charitable 8xpenditure 168,619 29,248 151,617 32.701 51.131 2.263 53,591 1.523 1,991 915 7,424 12.875 1,035 44,654 1,748 1,028 2,207 8,030 5,892 3,581 1,640 5,943 1,124 3.359 4,703 4,986 1,451 4,351 7,839 4,933 351 1.695 3,240 5,258 168 1.811 1,489 5,938 1,746 320,355 355.036 320.355 355,036 Analyslg by fund Unreslricled lunds Ro$td¢t•d funds 294.147 26,208 320,355 For the ye4T ended 31 Mar¢h 2024 Unrestricted funds Restricted funds 297,181 57,855 355,036 13- PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movernent In funds 2025 2024 Th? net movamenl in fund$ 1$ ?taled after chorgirngllcredilingl,. Fges payable lor the independent gxaminalion of Ihg charity's linanri81 sl81gm8nls 2,040 27.241 1.437 Depreciation of owned tangible fixed assets Los6 on disposal of tangible fixed assets 32,702 Tru$tg•8 Non¢ of tho trustees (Dr any per&Dn5 Gonnected with them) received any rornuneration or expens¢ payments during th8 eurranl or previous year Employws Tli# avÈ*ray¥ Tiioiill)ly Iiuiiib¥T vl ¥riipluy¥#s duiii)y tti¥ yfjidr wa¥.. 2025 Numb•r 2024 Numb•r Averoge number of ernployees Employment ¢osl$ 202S 2024 Wages and salaiies Social sacurily costs Other peiision costs 153,525 10,560 4.534 138,838 7,895 168,619 151,617 There wgre no 9￿p10Y￿e$ whose annual rernuneralitsn was morg than £60,000. R•mvn9ratlon ol kgy m4nagomgnt Pgr¥onng1 The rgtnungrglion of kgy tn¥nagptn?nt pgrstsnngl way as folltrws,, 2025 2024 Aggregate compensation 61,73D 52.765 14- PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Othfji expendlture VnrÈgtricted Unr•9trictèd funds lunds 2025 2024 Net loss on disposal c>f tangible fixed assets 1.437 11 Taxatlon The charfty Is axémpt from taxaiion on its advltlés beeaus8 all Its Sncornè Is appll8d for charftaDlè purposes. 12 Tangible fixed assets Land andFlxturo$, Iltllng$FlxtUWgs, fSttlngg bulldlng¥S gqulprngntf¢r & •qulpment pr•p•rtl•• Totsl Cost At 1 April 2024 Addition6 Dl$posals 1,258,013 4.711 60,1 3,445 13,4431 1.322.920 3,44S 13,4431 Al 31 March 2025 1,258,013 4,711 60,198 1,322.W22 D•pr•eiAtion and impairm•nt At 1 April 2fi24 Depreclallon ¢h4rged In Ihtr yoar 242,365 25,160 4,711 53,793 2,081 300,869 27,241 Al 31 March 2025 267.525 4,711 55,874 328,110 Carrying amount At 31 March 2025 990,488 4.324 994,812 Al 31 MarGh 2024 1,015,649 6,403 1,022,052 13 Dobtors 21125 2Q24 Amounts lalling due within one y•ar'. Trade d8btors Prep8ytnents and accrued income 67,673 5.565 73,264 5,444 73,238 78,708 15- PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Credllors.. amounts falllng due wlthSn one year 2025 2024 Notè3 Other taxation 8nd social 8ecurily Deleried income Trade creditors Other crodilors Accrua18 1,Q36 2,345 326 1.716 7.089 1$ 4,225 3,071 13,441 12,512 21,337 15 Dèf8rr&d Ineom• 2025 2024 Other dèferred incom8 2,345 4.225 D8f•rr8d Ineomols inelud8d In Ih81Snancial slaternonls 89 folkJws'. 2025 2024 Deleried incorne is included within.. Current liabilhies 2,345 4,225 16 Retirement benefit schernes 2025 2024 Doflnod contrlbutlon sch8m•$ Charge to profit or loss In resped ol dellned contrfbLJlion Sehemès 4,534 4,e84 The ¢harily opergles 8 dÈfitEd contribution pension $eheme fr)r all qualifyino employees The g$sel$ of thè scheme are held separatèly from thos8 ol thè Charity in an independently administered fund, 16- n*intDm Ci tu 000 PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Unrestrlcted funds The unre8tri¢ted lunds of the charity ¢ompri$e ihe unexpended b818nce$ of dtsn8tion8 and gr8nt8 which 8re not 8ubje¢t to specific condibons by donors and grantors as to how they Nay be used. These ir￿ude designated funds which have beèn sèt aside out ol unrestrlcted funds by the trustees for specllic purposes. At 1 Aprll 2024 Incomlng resources Re80urces expended At 31 March 2025 Ggnoral funds 745,046 338,055 1295,5841 787.517 Pr•vltsus y••r'. At 1 Aprll 2023 Incomlng r£sourcos Resourc•s gxpanded At 31 March 2024 General lund5 772,388 269.841 1297.1811 745.LHe 19 Anatysls of n•t a88•ts b•tw••n fundB Unr•8trlcted funds R•otrfct•d funds Total 2025 2025 2025 At 31 March 2025: Tanglble a$sel8 304,435 483,082 690,377 4.923 994,812 488,005 787,517 695,300 1,482.817 Unrestricted funds 2024 Reotricted fundg 2024 Total 2024 At 31 March 2024: Tangible assets Currsnl assèlsllliabilitiesl 312,744 431,302 708.308 1,022,052 431.302 745,046 708,308 1,453,354 19- PROJECT JOHN LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Operatlng leg49e commltments Al th$ reporting &ntl dale the charity had outstanding Commilwents for fulura minimum lease paymanls under non-cancellable operating16a8&s, which fall du8 a8 follows= 2025 2024 Within one yèar Bgtw8en two and five years 6.063 6.063 2,479 6,063 8,542 21 Relatsd party tran8a¢tions There were no disclosable related party transactions during the year12024- none). -20- This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of the Companies Act 2006.