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2023-03-31-accounts

JET JOBS EDUCATION AND TRAINING (A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2023

Charity Number 1117026 Company Number 05775686

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2023

JET�s board of trustees is pleased to present the annual Directors� report together with financial statements of the charity for the year ended 31 March 2023, which are also prepared to meet the requirements for a Directors� report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Objectives and activities

The charitable objects of JET Jobs, Education, and Training (�JET�) are:

�The relief of unemployment for public benefit in such ways as may be thought fit including the advancement of education and assistance to find employment, specifically, but not limited to, persons from ethnic minority groups and their dependents, to help them advance in life.�

Achievements and performance

As the charity continues to adapt to the post-COVID employment and skills market, we have also been required to respond to new funding opportunities and alterations to existing funding. Throughout the year, the charity has sought opportunities to help support our communities and have -

JET�s work has been delivered through several focused projects and programmes which have been financed through grants and contracts with a diverse range of funders. The projects and programmes are delivered by JET�s diverse staff team of 18, who represent a range of backgrounds and communities and speak 18 different languages.

National Careers Services

During the year JET performed well against targets with the National Careers Service, a national programme which provides tailored information, advice, and guidance to assist clients to make the right decisions on learning, training, and work. JET supported over 1,500 clients and achieved 495 job and learning outcomes.

These achievements build on the successes in previous years and as expected demand for the services was up due to the Covid pandemic.

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2023

Mentoring and Volunteer Programme

Through this programme JET places clients in many roles spread across different parts of the community, with employers and local businesses and in our coffee shop. Participants gain valuable work and life skills, as well as qualifications, which builds confidence and experience to take with them when looking for paid work.

Wise Steps

Wise Steps is the largest programme that JET operated in this financial year. It came to an end in February 2022 but during the life time of the programme, It helped people including ethnic minorities in Tyne and Wear to transform their lives. The project provided one to one tailored support to help people take positive steps towards work. Wise Steps is a partnership of local organisations led by the Wise Group and JET had been delivering as a Coaching Partner since October 2016, as a specialist with Black & Minority Ethnic individuals. The programme was funded by the Big Lottery Fund and the European Social Fund.

The first phase of the Wise Steps programme finished in August 2019. Because of the great outcomes, this programme was extended for two more phases from September 2019 to February 2023. In this period in total JET engaged and registered 344 people all from ethnic backgrounds during the year: 166 Males and 178 Females. These clients came from a range of diverse backgrounds; 198 were Refugees, 40 were Lone Parents, and 55 declared Disabilities. Furthermore, 277 were Unemployed, 67 were Economically Inactive and 42 were aged 50+. As can be seen from these figures JET really have a wide spread of clients, from all different backgrounds and parts of the world.

Client Case Study

ELSE case study - Andrew Ehizojie Unuareokpa

When opportunities meet readiness

Andrew is originally from Nigeria, he is an Italian Citizen and he came to England in 2019 with his family searching for a better life. He was confused and desperately needed support to obtain a job, to improve his family�s life.

He approached JET in November 2019 asking for support towards finding a job and supporting his family. His job coach at JET set up an action plan to start a journey towards building up his confidence and improving his employability skills and knowledge. He was referred to the National Careers Service to create a CV and was also registered for IT training run by Your Homes Newcastle at JET. He was also studying on our ELSE (ESOL Learner to Salary Earner) programme, but his level of English was significantly low at the time.

When the pandemic started, Andrew found himself living in a jobless household with three young children and in great need of support in finding a suitable job, to provide for his family. His job coach had been in touch with him regularly and provided him with support such as receiving help from the food bank. Andrew had the right mindset and determination to carry

2

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2023

on with learning and building up his skills and knowledge despite the restrictions during the pandemic. His job coach encouraged him to attend and complete various online courses, which would help strengthen his CV and his ability to speak English.

After the lockdowns, his job coach arranged several face-to-face sessions with Andrew to help him with his job search and he continued studying through ESOL, for the Warehousing Sector Training. Eventually, all their efforts led him to an apprenticeship opportunity with Your Homes Newcastle (YHN) at the Palatine Beds factory, for a production line vacancy. Andrew completed the ELSE for Warehouse training, which also offered him extra sessions for Production Line positions in order to be ready for the above opportunity, plus an intensive job interview practice session at JET. As part of ELSE, a group visit for the ELSE learners to the Palatine Beds factory was also arranged with YHN, so the learners could become familiar with the work environment while preparing themselves for the job interview. Andrew felt very positive and confident during the interview and in August 2021 he was offered the job. Andrew is very happy at his job and still maintains contact with JET, updating us on his accomplishments.

Coffee Shop

The purpose of the Wicker Chair Coffee Shop in Westerhope is to support the delivery of JET�s charitable objectives by: a) generating a small level of surplus income, and b) directly supporting work outcomes by offering placements and training to some of JET�s clients helping them further on their employability journey. The Trustees continue to keep the Coffee Shop under regular review to ensure that it supports the objectives of the charity and to ensure that it remains financially viable for the Charity.

Performance over the last year

Operational Outlook

The social and economic backdrop to the financial year continues to be challenging, particularly with the cost of living crisis, fuel poverty, and high inflation leading to a downturn in economic output, which could be reflected in higher unemployment and fewer employment opportunities. In addition, changes to traditional funding streams and the end of European Union funding provide uncertainty around the future make up of JET�s operational income and its ability to meet the demands of all of our customer groups. The Charity has taken opportunities to continue to find new and innovative ways to communicate and deliver services to clients, enhancing JET�s social media presence, and looking at other potential community initiatives / partnerships.

JET continues to play a vital and integral role in supporting people with English as a Second Language through their employability and integration journey. This is achieved not just through our core activity of advice, guidance, education, and training but also by encouraging engagement, volunteering, and participation in the local community. We believe it is our

3

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2023

holistic approach that has helped JET to make such a difference, along with the staff team who very much mirror the client group themselves.

The Wise Steps was the largest delivery programme and JET will continue to seek alternative sources of funding to deliver for clients as the project will closed in early 2023. JET is well positioned to compete for funds as it is well regarded and has long-standing relationships with local government and many other key stakeholders in the region.

The Trustees are continuing to focus on succession planning to ensure good governance. Within JET�s Articles of Association one-third of Trustees typically retire each year.

Financial review

The Trustees are pleased with the financial position of the Charity in the financial year.

JET�s principal funding sources are from contracts and grants to provide a range of training and bespoke services for the relief of unemployment, to ethnic minority groups. The total income for the year ended 31 March 2023 was £467,721, this represents a change of £18,984 from 2021/22. This income is allocated across respective funds on the Statement of Financial Activities in accordance with the Statement of Recommended Practice (SORP) 2019.

Expenditure increased from £414,458 in 2021/22 to £426,235. This continues to be managed with care. This resulted in a net income up/down on the previous year of £41,486 (2022: £72,247).

The Charity ended the financial year in a healthy financial position with £267,525 in funds to be carried forward to support JET�s policy on reserves (2022: £226,039).

The detail on the Balance Sheet as at 31 March 2022 showed total funds carried forward of £267,525 (2022: £226,039), £130,648 of which was unrestricted (2022: £28,573). As at 31 March 2023, there was £0 in restricted funds carried forward (2022: £60,589) and £136,877 in designated funds (2022: £136,877).

The Trustees are fully aware that the continues stability of the charity�s financial position, and therefore, its capacity to support and deliver life-changing outcomes for the communities JET serves is due to the drive, commitment, and immense hard work of our Chief Executive and all of JET�s staff and volunteers who have done an excellent job in continuing to diversify funding streams with new grants and contracts and manage expenditure carefully in an everchallenging economic backdrop.

Reserves policy

JET Jobs, Education, and Training has established a policy whereby the unrestricted funds held by the charity should be between three and six months of annual expenditure. This will provide sufficient funds to cover management and administration support costs and any

4

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2023

emergencies that may arise from time to time. In addition, in the event of challenges JET may need to cover contractual payments to employees which are not included in any funding awarded. Total reserves were £267,525 at 31 March 2023 (2022: £226,039). Unrestricted reserves were £130,648 (2022: £28,573). Designated reserves were at £136,877 (2022: £136,877) which were broken down as £85,000 to fund the continuation of the ESOL Learner to Salary Earner project and Integration Programme, which were delayed due to Covid19 and access to work placements and face to face group work and £51,877 to cover potential close down costs of the whole charity. In this context of the wider economic backdrop, the Trustees are pleased to report that the Charity�s total reserves as at 31 March 2023 continued to be managed with reference to the policy.

Reference and administrative details of the charity, its trustees and advisors

Charity Name JET Jobs, Education, and Training Registered Charity 1117026 Number Company Number 05775686 Registered Office Carnegie Building and operational Atkinson Road address Benwell Newcastle upon Tyne NE4 8XS Trustees Ross Stephen Waldie (Chair) Hardus Le Cornu Du Plessis (appointed on 15 December 2020) Sean Nairn (appointed on 22 March 2022) David Thackwray (appointed on 22 March 2022) Justine King (appointed on 29 November 2022) Manish Shukla (appointed on 01 September 2022) Graeme Hudson (retired on 29 November 2022) Barry Coleman (retired on 29 November 2022) Sanjee Ratnatunga (retired on 29 November 2022) Bankers Unity Trust Bank Nine Brindley place Birmingham B1 2HB Independent Jim Dodds FCIE Examiner 33 The Glebe Morpeth NE61 6HW

5

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2023

Structure, governance, and management

Governing documents

The organisation is a charitable company limited by guarantee, incorporated on the 10 April 2006. The company was established under a Memorandum of Association which establishes the objectives and powers of the charitable company and is governed under its Articles of Association.

Appointment of trustees

Trustees are elected at the ATM and can serve for a period time in line with the Memo & Articles of Association. Interested possible new trustees are encouraged to attend trustee meetings when vacancies arise.

Organisation

All of the trustees meet every quarter and deal with the administration of the charity to ensure that JET Jobs, Education and Training has a clear vision and strategy for the future, and to monitor the performance against plans, to support the management and staff team, and to oversee financial accountability and risk management.

The operational management of the organisation is undertaken by the paid staff team.

Risk management

The trustees have conducted a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks including the implementation of procedures for authorisation of all transactions and projects and for ensuring the consistent quality of the delivery of all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

Public benefit statement

The trustees/directors have considered the guidance produced by the Charity Commission on the provision of public benefit and they confirm that public benefit has been provided by the range of activities as described above.

Statement of trustee responsibilities

The trustees, who are also directors for the purposes of company law, are responsible for preparing the Trustees� Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which show the state of affairs of the charitable company and of incoming resources and

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2023

application of resources, including the income and expenditure of the charitable company for that year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Board on:

and signed on their behalf by: Ross Waldie Chair

7

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 March 2023

I report on the financial statements of Jet Jobs Education And Training for the year ended 31 March 2023, which are set out on pages 9 to 19.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.

The charity�s gross income exceeded £250,000 and I am qualified to undertake the examination by being a Fellow of the Association of Charity Independent Examiners.

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 Charities Act,

to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions 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 the trustees concerning 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 as 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 material matters have come to my attention which gives me cause to believe that in, any material respect:

the accounts have not been prepared in accordance with the Charities SORP (FRS102).

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jim Dodds FCIE 33 The Glebe Morpeth NE61 6HW Date:

8

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT)

For the year ended 31 March 2023

----- Start of picture text -----
Unrestricted Designated Restricted Total Total
Funds Funds Funds 2023 2022
£ £ £ £ £
Income from:
Donations and legacies 6 - - - - 4,300
Charitable activities
Grants and contracts 7 233,453 - 220,528 453,981 476,611
Other trading activities 8 - 11,470 - 11,470 5,694
Investments 9 2,270 - - 2,270 100
Total income 235,723 11,470 220,528 467,721 486,705
Expenditure on:
Raising funds 9 - 2,846 - 2,846 4,420
Charitable activities
Operation of the charity 10 192,348 20,797 210,244 423,389 410,038
Total expenditure 192,348 23,643 210,244 426,235 414,458
Net income/(expenditure) 43,375 ( 12,173 ) 10,284 41,486 72,247
Transfers between funds 58,700 12,173 ( 70,873 ) - -
Net movement of funds 102,075 - ( 60,589 ) 41,486 72,247
Reconciliation of funds
Total funds brought forward 28,573 136,877 60,589 226,039 153,792
Total funds carried forward 130,648 136,877 - 267,525 226,039
Notes
----- End of picture text -----

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

The notes on pages 11 to 19 form an integral part of these accounts.

9

Charity Number 1117026 Company Number 05775686

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

BALANCE SHEET

As at 31 March 2023

Current assets
Debtors
17
Cash at bank and in hand
18
Total current assets
Creditors:amounts falling due
within one year
19
Net current assets
Total assets less current liabilities
Total net assets or liabilities
Funds of the charity
Unrestricted income funds
Designated income funds
Restricted income funds
Total funds
Notes		 £
30,003
249,380
279,383
( 11,858 )		 Total
2023
£
267,525
267,525
267,525
130,648
136,877
-
267,525		 £
28,246
222,076
250,322
( 24,283 )		 Total
2022
£
226,039
226,039
226,039
28,573
136,877
60,589
226,039

The company was entitled to an exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with the respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

The notes on pages 11 to 19 form an integral part of these accounts.

These financial statements were approved by the Board

and are signed on its behalf by:

Ross Waldie Chair

10

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) �Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Jet Jobs Education And Training meets the definition of a public benefit entity under FRS 102.

2.2 Preparation of the accounts on a going concern basis

The charity reported total unrestricted funds at the year-end of £130,648 and has already secured a significant amount of funding for the current year.

The financial statements have been prepared on a going concern basis. In making their assessment the trustees have reviewed and considered relevant information, including their annual budget and future cash flows. The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability.

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

3.3 Grants and donations

Income from government and other grants, whether �capital�grants or �revenue�grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

11

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

3.4 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

3.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

3.6 Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in donations and legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

3.7 Investment gains and losses

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

3.8 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Expenditure on charitable activities includes the costs of education, training and other activities undertaken to further the purposes of the charity and their associated support costs.

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

12

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

4.5 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

4.6 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

5 Assets

5.1 Tangible fixed assets for use by the charity

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Leasehold property improvements Straight line over life of lease Office and computer equipment Straight line over four years

The charity does not currently own any tangible fixed assets.

13

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

----- Start of picture text -----
Analysis of income
Unrestricted Designated Restricted Total Total
Funds Funds Funds 2023 2022
£ £ £ £ £
6 Donations and legacies
Donations and gifts - - - - 4,300
- - - - 4,300
7 Charitable activities
Income from grants
Action Foundation - - - - 15,000
Newcastle City Learning - employment 16,500 - - 16,500 22,500
and pastoral support
Newcastle Fund - - - - 25,653
North Tyneside Council 10,553 - - 10,553 5,850
People's Postcode Lottery - - - - 17,740
HMRC Job Retention Scheme - - - - 12,363
Mental Health Matters 11,250 - - 11,250 11,250
Your Homes Newcastle 2,123 - - 2,123 2,605
The Reece Group 12,500 - - 12,500 -
Vita Health Group 22,138 - - 22,138 -
Other 7,812 - - 7,812 2,105
Income from contracts
Educational Development Trust 93,477 - - 93,477 101,153
Newcastle City Council British Nationals 57,100 - - 57,100 30,400
Overseas
Good Things Foundation - - - - 1,960
Probation - - - - 10,000
The Wise Group - - 220,528 220,528 218,032
233,453 - 220,528 453,981 476,611
8 Other trading activities
Wicker Chair
Café income # 9,366 - 9,366 4,819
Buffets - 2,104 - 2,104 875
- 11,470 - 11,470 5,694
9 Income from investments
Bank interest 2,270 - 2,270 100
2,270 - 2,270 100
----- End of picture text -----

Income was £467,721 (2022: £486,705) of which £247,193 was unrestricted or designated (2022: £238,273) and £220,528 was restricted (2022: £248,432).

14

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

Analysis of expenditure on charitable activities

9
10		 Raising funds
Charitable activities
Direct costs
Grant refundable
Support costs
Other support costs
Bad debt write off
Governance costs
Bank charges
Independent examiner's fees for
reporting on the accounts
Stationery and postage
Telephone, fax and internet
Café refurbishment
Café supplies
Staff costs
Staff training
Staff travel
Rent and utility costs
Marketing
Activities and events
Project expenses
ICT maintenance and software
Insurance
Professional fees
Client and volunteer expenses		 Unrestricted
Funds
£
-
-
-
158,996
1,924
1,167
181
-
70
-
102
3,211
1,044
2,225
7,189
258
2,292
5,530
6,929
-
1,230
192,348		 Designated
Funds
£
289
2,557
2,846
20,786
-
11
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
20,797		 Restricted
Funds
£
-
-
-
193,027
-
214
2,836
-
-
2,400
144
2,828
104
223
6,347
26
326
553
1,216
-
-
210,244		 Total
2023
£
289
2,557
2,846
372,809
1,924
1,392
3,017
-
70
2,400
246
6,039
1,148
2,448
13,536
284
2,618
6,083
8,145
-
1,230
423,389		 Total
2022
£
1,385
3,035
4,420
353,806
2,651
885
10,426
14
18
-
-
9,284
1,156
3,005
15,521
191
1,092
6,477
3,940
80
1,492
410,038

Expenditure on charitable activities was £426,235 (2022: £414,458) of which £215,991 was unrestricted or designated (2022: £220,912) and £210,244 was restricted (2022: £193,546).

11 Fees for examination of the accounts

There were no other fees paid to the examiner (2022: £nil).
Independent examiner's fees for reporting on the accounts		 2023
£
1,230
1,230		 2022
£
1,492
1,492

15

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

12 Analysis of staff costs and the cost of key management personnel

Social security costs
Pension costs (defined contribution pension plan)
Salaries and wages
Sessional Costs		 2023
£
338,392
28,892
5,525
-
372,809		 2022
£
315,928
25,517
5,068
7,293
353,806

No employee received remuneration above £60,000 (2022: nil).

The key management personnel of the charity, comprise the Trustees, Chief Executive and Finance Officer. The total employee benefits of the key management personnel of the charity were £57,529 (2022: £55,417).

13 Staff numbers

The average monthly head count was 18 staff (2022: 18 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

The parts of the charity in which the employee's work.
Charitable activities		 2023
Number
16.0
16.0		 2022
Number
16.0
16.0

14 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

No trustee expenses have been incurred in the year.

Transaction(s) with related parties

There have been no related party transactions in the reporting period.

15 Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. 1125555

The employer's pension costs represent contributions payable by the charity to the fund and amount to £5,525 (2022: £5,068). There was £0 outstanding as at 31 March 2023 (2022: £1,130).

16 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

16

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

17 Debtors and prepayments (receivable within 1 year)

Other debtors
18
Bank deposit account
Bank current account
Cash in hand and pre paid card
Cash at bank and in hand
Trade debtors		 2023
£
26,536
3,467
30,003
2023
£
237,911
8,401
3,068
249,380		 2022
£
18,960
9,286
28,246
2022
£
180,641
39,026
2,409
222,076
19
Independent examination of accounts
Creditors and accruals (payable within 1 year)
Other creditors
Taxation and social security
Accruals
Deferred income
Reece Group
Trade creditors		 2023
£
8,228
1,230
2,400
-
11,858		 2022
£
3,669
6,622
1,492
-
12,500
24,283

20 Deferred income

Deferred income comprises of advance payments from grants that relate to future periods.

Amount deferred in year
Amount released to income earned from
charitable activities
Balance brought forward
Balance carried forward		 2023
£
12,500
( 12,500 )
-
-

21 Events after the end of the reporting period

No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

17

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

22 Analysis of charitable funds

Analysis of movements in unrestricted funds

Unrestricted funds
General unrestricted fund
Designated funds
Wicker Chair - Westerhope
Strategic development fund
Contingency
Totals		 Fund
balances
brought
forward
£
28,573
-
85,000
51,877
165,450		 Incoming
resources
£
235,723
11,470
-
-
247,193		 Resources
expended
£
( 192,348 )
( 23,643 )
-
-
( 215,991 )		 Transfers
£
58,700
12,173
-
-
70,873		 Fund
balances
carried
forward
£
130,648
-
85,000
51,877
267,525

Purpose of unrestricted funds

General unrestricted fund Designated funds Wicker Chair - Westerhope

Strategic Development Fund

Contingency

The 'free reserves' after allowing for designated funds.

Community café that offers volunteers training and work experience as a route to employment.

To fund the continuation of ESOL Learner to Salary Earner project and Integration Programme, which were delayed due to Covid19 and access to work placements and face to face group work.

To cover potential close down costs of the whole charity.

Analysis of movement in restricted funds

Restricted funds
Wise Group
Newcastle City Council British
Nationals Overseas
Connected Voice Spirit of Xmas
Totals		 Fund
balances
brought
forward
£
30,030
30,400
159
60,589		 Incoming
resources
£
220,528
-
220,528		 Resources
expended
£
( 210,085 )
( 159 )
( 210,244 )		 Transfers
£
( 40,473 )
( 30,400 )
-
( 70,873 )		 Fund
balances
carried
forward
£
-
-
-
-

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor. Wise Group Partnership programme funded by ESF and Big Lottery, managed by Wise

Partnership programme funded by ESF and Big Lottery, managed by Wise Group to help those furthest from the labour market to access employment and improve their skills.

ESOL classes for Hong Kong British Nationals from overseas.

Newcastle City Council British Nationals Overseas

18

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

22 Analysis of charitable funds continued

Transfers between funds

Between Designated Funds and General Unrestricted Funds

Between Restricted Funds and General Unrestricted Funds Between Designated Funds and General Unrestricted Funds

----- Start of picture text -----
Reason for transfer Amount
£
A transfer has been made from general unrestricted funds to ( 12,173 )
designated funds and represents a contribution to Wicker Chair
costs.
A transfer has been made from restricted funds to unrestricted ( 40,473 )
funds and represents expenses relating to the Wise Group that
were misallocated as unrestricted expenditure in previous years.
A transfer has been made from restricted funds to unrestricted ( 30,400 )
funds as the income from Newcastle City Council British Nationals
Overseas was incorrectly classified as restricted income in the prior
year.
----- End of picture text -----

23 Capital commitments

As at 31 March 2023, the charity had no capital commitments (2022 -£nil).

24 Analysis of net assets between funds

Other net current assets/(liabilities)
Cash at bank and in hand
Cash at bank and in hand
Other net current assets/(liabilities)		 Unrestricted
Funds
£
112,503
18,145
130,648
Unrestricted
Funds
£
24,610
3,963
28,573		 Designated
Funds
£
136,877
-
136,877
Designated
Funds
£
136,877
-
136,877		 Restricted
Funds
£
-
-
-
Restricted
Funds
£
60,589
-
60,589		 Total
2023
£
249,380
18,145
267,525
Total
2022
£
222,076
3,963
226,039

19