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← Jet Jobs Education And Training

2024-03-31-accounts

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

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024

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 2024

JET�s board of trustees are pleased to present the annual Directors� report together with financial statements of the charity for the year ended 31 March 2024, 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

Despite facing numerous challenges this year, such as the loss of European funding, especially in the employment and skills sector, the launch of the new North East Combined Authority, and various changes in government leadership, JET is pleased to report that we have successfully navigated these obstacles without any disruption to our services. This year has been both fulfilling and rewarding, with many fantastic outcomes and the development and initiation of new programs throughout the financial year.

Many in our sector recognise that government policies continue to impact migrants, making our support for clients more crucial than ever. The cost of living crisis has further intensified the challenges faced by those we assist, particularly in deprived communities who have been disproportionately affected. It is essential that we remain steadfast in our commitment, and agile in our approach, to helping them navigate these difficult times.

Our policy of partnership development has continued, to build with other third sector organisations, the Local Community Partnership (in our role as Vice-Chair), being active on many local steering groups and employment partnerships boards, along with delivery in mainstream colleges and JobCentre Plus ensure that we can offer the best value for money and add value to otherwise often stale learning offers and employment support offers. We have held events across the year including supporting White Ribbon and becoming accredited as a Living Wage Employer, making sure that we can look after our team as well as our clients.

Our staff team very much continue to be our major asset, coming from across the world themselves with a depth of knowledge around immigration and the clients they work with. Along with our dedicated volunteers they currently speak 29 languages and represent many different faiths and religions.

An overview of our stats for the year can be seen below, along with a few quotes and stories from our clients, to give a real feel for the vital work we do and the communities we support.

1

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2024

JET�s work has been delivered through several focused projects and programmes which have been financed through grants and contracts from a wide variety of funding sources. There have been no significant primary funders with programmes all coming together from a variety of funders, grants and contracts to deliver the overall service, each grant having specific target groups and beneficiaries attached to them. This can make management difficult but we continue to make sure we understand the wider offer across the City, which allows us to fill gaps where necessary and refer to other providers where our funding does not cover the needs of the client.

Case Study and Client Quotes

Patrycja came from Poland to the UK in 2018.

She is a mother, wife, florist and a fighter. But like with most of us, the things that make us who we are, sometimes seem to hold us back. Thankfully, Patrycja found her way and now nothing is holding her back. After being a stay-at-home mother for 4 years, she decided to take the first step towards working again and what better way to get started than attending ESOL for Work classes? She completed the course, received a lot of employability support during that time and she is now ready to jump again into the job market.

This is what she had to say about her time with JET:

�I'm really glad that I was part of an ESOL for Work course group with JET. When I started this course I felt comfortable from beginning. I knew that I had support with everything I needed. That made me want to learn English and finish this course.

I meet my wonderful teacher and people who were volunteers. Lessons are amazing, interesting and funny in a good sense of the word. During the lesson, an Advisor helped me created my new CV, completely fit to me. After this course I got a certificate, I feel and believe that I can find a job.

After this course I also met another JET Advisor, she helped me so much to apply for many jobs. Before my first interview job I had meeting an Advisors from whom I got mental support, and I believed in my abilities. Thank you all, it was a pleasure to meet you.�

We are so proud of you Patrycja, and we all wish you the best for your future!

2

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2024

Parycja is now working and looking forward to moving up in her career and is currently awaiting an interview at Primark.

Orlando � MHM: �Thank you for your help and your useful advice. you helped a lot, and you encouraged me to introduce myself to restaurants. I am happy I found a job close to my house.�

Anonymous � Newcastle Fund: �Thank you to served my respectfully and give more motivation to find a job and help me in job search.�

Anonymous � NCS: �I would like to say massive thank you for carefully preparing my CV. At the point where we are stuck, you are looking for new areas and making searches. Thank

you for trying to help me at every stage.�

Anonymous � WG: �very pleased to have somebody with the knowledge about services and information about how to access them correctly. I am not confident, suffering from anxiety

and feeling lost not knowing what to do. My adviser made appointment for me with Welfare benefit adviser and accompanied me during my appointment making sure I provide all the

documents for my appointment. I don't feel alone anymore and surely will reach to a stable situation soon and progress further.�

Anonymous � NCS: �Thank you for your support. I wish I had know this before.�

Irene � General ".... The activity I enjoyed most is the Art session. It was a campaign hosted by Newcastle University and JET. In the campaign we know more about

the history of Newcastle by visiting different landmarks in Newcastle e.g. Wall town, The Sill, Hancock Museum and Newcastle university art gallery.".

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. Our partnership with Your Homes Newcastle, and the Your Homes Your Jobs programme, continues to offer paid placements and amazing outcomes for those who are gaining much needed employment skills in the catering sector. We continue to work in Partnership with Fareshare North East (who are in the same building as the Coffee Shop), to help reduce food waste, by include their surplus produce in our menus. We also have an up and coming programme to support their volunteers with a hot vegetarian meal each day, the offer of careers advice, if they wish, from our team, to help them find paid work, if any of them are looking to enter the labour market.

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.

3

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2024

In the coming year we plan to raise funds to upgrade the Coffee Shop, as it is now over 10 years old and in desperate need of a makeover and upgrade to much of the equipment.

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 provided 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 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 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 JETs Financial performance during the 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 2024 was £381,684, this represents a fall of £86,037 from 2023 and is due to The Wise Steps programme ending (The Wise Group Relational Mentoring Programme) which saw a significant reduction of £183,259 from the prior year. Other grants/contracts have grown to mitigate this large reduction to the net effect of £86,037 above.

JET�s expenditure during the year reduced from £426,235(2023) to £376,583(2024) a reduction of £49,652 this reduction is mainly a result of a reduction in staff numbers & therefore staff costs. In 2024 staff costs were £331,914 (11.5 FTE) a reduction of £40,895 from the prior year where costs were £372,809 (16 FTE). The average salary per FTE has risen significantly from £23,301(2023) to £28,862(2024) which is expected as a conscious effort has been made during the period to increase staff benefits to retain staff.

The net income for the year was £5,101 which was down £36,385 on what was achieved in 2023 (£41,486).

4

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2024

The Charity ended the financial year in a healthy financial position with £272,626 in funds to be carried forward to support JET�s policy on reserves (2023: £267,525). The funds are allocated across respective funds on the Statement of Financial Activities in accordance with the Statement of Recommended Practice (SORP) 2019.

The funds held at the year-end consist of unrestricted funds £195,301 (£130,648 2023), Designated funds £57,950 (£136,877 2023) and Restricted funds of £19,375 (£0 2023).

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) Justine King (appointed on 29 November 2022) Manish Shukla (appointed on 01 September 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 2024

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

6

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2024

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 2024

I report on the financial statements of JET Jobs Education And Training for the year ended 31 March 2024, 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.

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: 16 October

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 2024

----- Start of picture text -----
Unrestricted Designated Restricted Total Total
Funds Funds Funds 2024 2023
£ £ £ £ £
Income from:
Charitable activities
Grants and contracts 6 306,234 - 54,454 360,688 453,981
Other trading activities 7 15,571 - - 15,571 11,470
Investments 8 5,425 - - 5,425 2,270
Total income 327,230 - 54,454 381,684 467,721
Expenditure on:
Raising funds 9 3,907 - - 3,907 2,846
Charitable activities
Operation of the charity 10 339,592 - 33,084 372,676 423,389
Total expenditure 343,499 - 33,084 376,583 426,235
-
Net income/(expenditure) ( 16,269 ) 21,370 5,101 41,486
Transfers between funds 80,922 ( 78,927 ) ( 1,995 ) - -
Net movement of funds 64,653 ( 78,927 ) 19,375 5,101 41,486
Reconciliation of funds
-
Total funds brought forward 130,648 136,877 267,525 226,039
Total funds carried forward 195,301 57,950 19,375 272,626 267,525
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 2024

----- Start of picture text -----
Total Total
2024 2023
£ £ £ £
Fixed assets
Tangible assets 17 4,030 -
Total fixed assets 4,030 -
Current assets
Debtors 18 70,209 30,003
Cash at bank and in hand 19 206,078 249,380
Total current assets 276,287 279,383
Creditors: amounts falling due
within one year 20 ( 7,691 ) ( 11,858 )
Net current assets 268,596 267,525
Total assets less current liabilities 272,626 267,525
Total net assets or liabilities 272,626 267,525
Funds of the charity
Unrestricted income funds 195,301 130,648
Designated income funds 57,950 136,877
Restricted income funds 19,375 -
Total funds 272,626 267,525
Notes
----- End of picture text -----

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 2024

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 £195,301 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 2024

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 2024

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:

Fixtures fittings and equipment Office and computer equipment

Straight line over four years Straight line over four years

13

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

----- Start of picture text -----
Analysis of income
Unrestricted Designated Restricted Total Total
Funds Funds Funds 2024 2023
£ £ £ £ £
6 Charitable activities
Income from grants
Newcastle City Council - White Ribbon 2,800 - - 2,800 -
Housing association for BNO 2,932 - - 2,932 -
Newcastle City Learning - employment 20,600 - - 20,600 16,500
and pastoral support
Newcastle Fund 37,500 - - 37,500 -
North Tyneside Council 5,500 - - 5,500 10,553
Mental Health Matters - - - - 11,250
Your Homes Newcastle - - - - 2,123
The Reece Group - - - - 12,500
Vita Health Group 38,187 - - 38,187 22,138
Other 6,288 - - 6,288 7,812
Income from contracts
Educational Development Trust (NCS) 77,357 - - 77,357 93,477
Job Centre Plus 56,575 - - 56,575 -
Newcastle City Council British Nationals 49,300 - - 49,300 57,100
Overseas
BNO Integration Activities 9,195 - - 9,195 -
The Wise Group Relational Mentoring - - 37,269 37,269 220,528
Programme
The Wise Group Relational Mentoring - - 17,185 17,185 -
Programme (National Community Lottery
Fund)
306,234 - 54,454 360,688 453,981
7 Other trading activities
Wicker Chair
Café income 12,292 - - 12,292 9,366
Buffets 3,259 - - 3,259 2,104
Other Income 20 - - 20 -
15,571 - - 15,571 11,470
8 Income from investments
Bank interest 5,425 - - 5,425 2,270
5,425 - - 5,425 2,270
----- End of picture text -----

Income was £381,684 (2023: £467,721) of which £327,230 was unrestricted or designated (2023: £247,193) and £54,454 was restricted (2023: £220,528).

14

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Analysis of expenditure on charitable activities

9
10		 Raising funds
Charitable activities
Direct costs
Grant refundable
Support costs
Other support costs
Staff well-being
Depreciation
Governance costs
Legal fees
ICT maintenance and software
Insurance
Professional fees
Client and volunteer expenses
Staff costs
Staff training
Staff travel
Rent and utility costs
Marketing
Activities and events
Project expenses
Bank charges
Independent examiner's fees for
reporting on the accounts
Café other costs
Café supplies
Stationery and postage
Telephone, fax and internet		 Unrestricted
Funds
£
2,765
1,142
3,907
302,107
144
1,666
2,433
240
2,131
-
-
4,200
792
312
16,607
191
1,330
3,560
1,090
1,409
115
35
1,230
339,592		 Designated
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Funds
£
-
-
-
29,807
-
148
363
33
-
-
-
210
159
21
437
11
93
640
1,129
33
-
-
-
33,084		 Total
2024
£
2,765
1,142
3,907
331,914
144
1,814
2,796
273
2,131
-
-
4,410
951
333
17,044
202
1,423
4,200
2,219
1,442
115
35
1,230
372,676		 Total
2023
£
2,557
289
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

Expenditure on charitable activities was £376,583 (2023: £426,235) of which £343,499 was unrestricted or designated (2023: £215,991) and £33,084 was restricted (2023: £210,244).

11 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts
There were no other fees paid to the examiner (2023: £nil).		 2024
£
1,230
1,230		 2023
£
1,230
1,230

15

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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

Sessional costs
Salaries and wages
Social security costs
Pension costs (defined contribution pension plan)		 2024
£
299,607
24,886
5,851
1,570
331,914		 2023
£
338,392
28,892
5,525
-
372,809

No employee received remuneration above £60,000 (2023: nil).

The key management personnel of the charity, comprise the Trustees, and the Chief Executive. The total employee benefits of the key management personnel of the charity were £51,092 (2023: £51,899).

13 Staff numbers

The average monthly head count was 13 staff (2023: 18 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

Charitable activities
The parts of the charity in which the employee's work.		 2024
Number
11.5
11.5		 2023
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.

The employer's pension costs represent contributions payable by the charity to the fund and amount to £5,851 (2023: £5,525). There was £0 outstanding as at 31 March 2024 (2023: £0).

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 2024

17 Tangible fixed assets
Cost
Balance brought forward
Additions
Disposals
Balance carried forward
Depreciation
Basis
Rate
Balance brought forward
Depreciation charge for year
Disposals
Balance carried forward
Net book value
Brought forward
Carried forward
18 Debtors and prepayments (receivable within 1 year)
Other debtors
19
Bank deposit account
Bank current account
Cash in hand and pre paid card
20
Room hire
Independent examination of accounts
Creditors and accruals (payable within 1 year)
Other creditors
Taxation and social security
Accruals
Cash at bank and in hand
Trade debtors		 Fixtures,
fittings and
equipment
£
-
2,150
-
2,150
SL
25%
-
60
-
60
-
2,090
2024
£
63,409
6,800
70,209
2024
£
191,062
14,031
985
206,078
2024
£
5,921
1,230
540
-
7,691		 Office and
computer
equipment
£
-
1,995
-
1,995
SL
25%
-
55
-
55
-
1,940
2023
£
26,536
3,467
30,003
2023
£
237,911
8,401
3,068
249,380
2023
£
8,228
1,230
-
2,400
11,858		 Total
£
-
4,145
-
4,145
-
115
-
115
-
4,030

17

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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.

22 Analysis of charitable funds

Analysis of movements in unrestricted funds

Unrestricted funds
General unrestricted fund
Designated funds
Strategic development fund
Contingency
Totals		 Fund
balances
brought
forward
£
130,648
85,000
51,877
267,525		 Incoming
resources
£
327,230
-
-
327,230		 Resources
expended
£
( 343,499 )
-
-
( 343,499 )		 Transfers
£
80,922
( 85,000 )
6,073
1,995		 Fund
balances
carried
forward
£
195,301
-
57,950
253,251

Purpose of unrestricted funds

General unrestricted fund The 'free reserves' after allowing for designated funds. Designated funds Strategic Development Fund To fund the continuation of ESOL Learner to Salary Earner project and Integration Programme, Contingency To cover potential close down costs of the whole charity.

Analysis of movement in restricted funds

Restricted funds
The Wise Group Relational
Mentoring Programme
The Wise Group Relational
Mentoring Programme (National
Community Lottery Fund)
Totals		 Fund
balances
brought
forward
£
-
-
-		 Incoming
resources
£
37,269
17,185
54,454		 Resources
expended
£
( 31,483 )
( 1,601 )
( 33,084 )		 Transfers
£
-
( 1,995 )
( 1,995 )		 Fund
balances
carried
forward
£
5,786
13,589
19,375

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor. The Wise Group Relational Partnership programme funded by ESF and Big Lottery, managed by Wise Mentoring Programme to help those furthest from the labour market to access employment and

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.

18

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

22 Analysis of charitable funds continued Transfers between funds

Between Designated Funds and
General Unrestricted Funds
Between Restricted Funds and
General Unrestricted Funds
This represents the value of the fixed assets paid for by the Wise
Group contract that were transferred to the fixed asset fund.
Funds previously designated for strategic development are no
longer required.
Reason for transfer		 Amount
£
85,000
1,995

23 Capital commitments

As at 31 March 2024, the charity had no capital commitments (2023 -£nil).

24 Analysis of net assets between funds

Cash at bank and in hand
Other net current assets/(liabilities)
Other net current assets/(liabilities)
Cash at bank and in hand
Tangible fixed assets		 Unrestricted
Funds
£
4,030
128,753
62,518
195,301
Unrestricted
Funds
£
112,503
18,145
130,648		 Designated
Funds
£
-
57,950
-
57,950
Designated
Funds
£
136,877
-
136,877		 Restricted
Funds
£
-
19,375
-
19,375
Restricted
Funds
£
-
-
-		 Total
2024
£
4,030
206,078
62,518
272,626
Total
2023
£
249,380
18,145
267,525

19