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2025-03-31-accounts

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

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2025

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 2025

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 2025, 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

The financial year 2024/2025 marked a period of growth, innovation, and strategic development for JET (Jobs, Education and Training). Our key projects, Talent Pools & Pathways and Wise Group Relational Mentoring, not only contributed to the overall mission but also provided measurable impact in building a sustainable future for our communities. The efforts undertaken through these projects align with our strategic goals of fostering leadership, promoting inclusion, and developing pathways to success for all stakeholders involved.

Project 1: Talent Pools & Pathways

Project Overview

The Talent Pools & Pathways project was created to support people who are nearer the labour market with referrals into specific training for a variety of career routes. These are childcare, construction, care work and green jobs. Anyone, who is ready to look for work can access this intensive support, even if they do not want to go into one of the job types listed. The project was designed to identify, cultivate, and support emerging talent across key sectors. With a focus on diversity, inclusion, and skill development, this project aims to create sustainable talent pipelines, ensuring that individuals from various backgrounds have access to opportunities in professional roles.

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2025

Key Achievements

Project 2: Wise Group Relational Mentoring

Project Overview

The Wise Group Relational Mentoring program focuses on pairing experienced professionals with emerging talent to provide mentorship, guidance, and strategic advice. Through this initiative, we aim to foster a supportive community where individuals can thrive through meaningful connections and shared knowledge.

Key Achievements include:

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2025

Other Projects Delivered:

1. National Career Services

The National Careers Service offered a range of tailored support through various delivery channels, including face-to-face, telephone and online resources. Services include:

Key Achievements include:

2. Vita Health Group Partnership

JET collaborated with Vita Health Group to promote Vita Health Group�s mental health services among the BAME community in Newcastle and increasing the BAME referrals to their talking therapy services. This was achieved by attending networking meetings, community group events and meeting with professionals to promote VHG services.

Key Achievements include:

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2025

3. British Nationals from Overseas Integration activities

With support from the British National (Overseas) Integration Grant, JET played a vital role in assisting Hong Kong BN(O) status holders to settle into life in the UK. Community outreach events and workshops were held to help individuals and families build networks, navigate systems, and feel confident in their new environment.

Key Achievements include:

4. BNO ESOL Programme

As part of our broader support for the BN(O) community, JET delivered a dedicated ESOL (English for Speakers of Other Languages) programme tailored to their needs. Classes were designed to improve everyday communication skills, boost confidence, and support participants in accessing employment and education opportunities.

Key Achievements

Strategic Focus for the Upcoming Year

Looking ahead to the coming year, the Board of Trustees believe that JET is in very good shape to continue to work with our communities to empower individuals,

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2025

particularly from underrepresented groups, by providing them with the skills, connections, and support needed to succeed in today�s job market.

Key priorities include:

The financial year 2025/2026 has been a period of exceptionally dedicated work by the JET team to ensure that the people we support continue to receive a warm, professional service to help them achieve their goals. The flexibility to meet the needs of our customers and overcome the challenges that they face is at the heart of what the JET team deliver.

The outlook for 2024/2025 was one of transition in the funding arena, and the team members have adapted with great commitment and determination to ensure that the service we offer to those who need it, is of the highest standard. We are delighted that this period has culminated in a very bright outlook for 2025/2026. This is a testament to the whole team's focus to ensure that we champion the needs of our communities and deliver a service that we can be proud of.

Case Study and Client Quotes

The wonderful story of Vino Varghese journey:

From Homelessness to Hope: A Nurse�s Inspiring Journey in the UK � and the Job Coach Who Walked Beside Him

When X arrived in the UK from India, he carried dreams of building a better life for his young family. As a registered nurse and dependent on his wife�s Skilled Worker visa, he envisioned stability, opportunity, and growth.

But life took an unexpected turn.

Following a painful family breakdown, X suddenly found himself without a home, income, or support network. He became homeless � relying on temporary hostel stays funded by his sister abroad. Even more devastating, he was caught in complex court proceedings connected to the family situation, leaving him without access to his children and unsure of his rights or next steps.

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2025

It was during this dark and confusing time that X sought help from a job coach � someone who would prove to be a lifeline when he needed it most.

A Job Coach's Commitment to Stand Beside Him

As his job coach, we saw someone who had lost nearly everything � but who refused to give up. X came not asking for charity, but for a chance to work , to rebuild, and to reclaim a future where he could support and be present for his children.

Understanding the urgency of his situation, we began an intensive job search journey. It wasn�t easy. Despite his background in healthcare, the ongoing court case made it difficult to secure roles working with vulnerable people. We explored training and referral options, and X successfully completed an induction programme � but job opportunities in his field remained limited for the time being.

JET encouraged him not to lose hope, and we redirected our strategy, supported him in applying for roles outside his usual field � focusing on immediate stability over longterm career goals. Through persistence, X landed a night-shift job at Amazon. JET was able to cover his travel expenses for the first month, helping bridge the gap until his first payment.

The Night Shift job wasn�t glamorous, but it was his turning point � enough to afford a room and start piecing his life back together.

Throughout this time, JET�s coach continued to walk alongside him � not just as a job coache, but as consistent, non-judgmental sources of support. We helped him navigate housing, finances, and understand his basic rights, while encouraging him to keep going, even on the hardest days. When the community didn�t know him and couldn�t offer support, we remained by his side. And when he doubted his own strength, we reminded him of everything he had already overcome.

A Powerful Turnaround

Eventually, he began to have third-party contact with his children and, over time, was able to reunite with them. He found joy again in seeing them, supporting them, and simply being a Dad.

Now, he is hoping to complete the legal procedures that will allow him full access to his children.

He also received an excellent DBS check and re-entered the care sector � the field he loves and was trained in. Today, he works hard, lives independently, and is thriving both personally and professionally. He tells us he feels like a completely different person � more confident, more grounded, and, finally, happy.

With support from his employer, he is now hoping to begin CBT and OSCE training very soon, with the goal of becoming a registered nurse in the UK.

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2025

The Power of Walking Alongside Someone

happen when someone receives the right support at the right time . As a job coach,

path was unclear, and to walk beside him until he could walk on his own again.

This is the heart of what we do. One life changed. One future reclaimed. One family reunited.

Client feedback about support received:

Coffee Shop

The purpose of the Wicker Chair Coffee Shop in Westerhope is to support the delivery

a) generating a small level of surplus income, and b) directly supporting work

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 Northeast (who are in the same building as us), and offer a free space to Nourish Food School, within the coffee shop, to deliver cookery classes to the local members of the community, volunteers and anyone interested in taking part. Both these partnerships, along with providing a free hot meal each day to all the Fareshare Volunteers who wish to take up the offer, aim to use surplus food to reduce waste and hence play our part in environmental sustainability.

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.

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2025

In this financial year we secured funding from The National Lottery Community Fund for our Coffee Shop makeover. The project aimed to revitalise and modernise a vital community café space to enhance inclusivity, and sustainability. With the generous support from the fund, we transformed the café into a welcoming, functional, and environmentally conscious venue that serves as a hub for local engagement. With the support of this funding, we managed to upgrade:

Our beneficiaries gain vital skills in the food andhospitality industry through practical training in areal-world setting, opening doors to sustainable job opportunities in the UK. This enhanced their employability and financial independence, empowering them to support themselves going forward.

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 a change of Government 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

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2025

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.

The Trustees are continuing to focus on succession planning to ensure good governance.

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 2025 was £538,315, this represents an increase of £156,631 from 2024 and is due to a big project that started in 2024 April, which was Talent Pools & Pathways and continuation of the Wise Group Relational Mentoring.

JET�s expenditure during the year increased from £376,583 (2024) to £493,583 (2025) an increase of £117,000. This increase is mainly as a result of increased number of the staff members because of the new projects. In 2025 staff costs were £426,694 (13 FTE) an increase of £94,780 from the prior year where costs were £331,914 (11.5 FTE). The average salary per FTE has risen significantly from £28,862 (2024) to £32,823 (2025) 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 £44,732 which was up £39,631 on 2024 (£5,101).

The Charity ended the financial year in a healthy financial position with £317,358 in funds to be carried forward to support JET�s policy on reserves (2024: £272,626). 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 £242,358 (£195,301 2024), Designated funds £75,000 (£57,950 2024) and Restricted funds of £0 (£19,375 2024).

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

Charity Name JET Jobs, Education, and Training

Registered Charity 1117026 Number

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2025

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

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

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2025

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 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:

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2025

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

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 March 2025

I report on the financial statements of JET Jobs Education And Training for the year ended 31 March 2025, which are set out on pages 14 to 25.

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:

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: 18 September 2025

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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 2025

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----- Start of picture text -----
Unrestricted Designated Restricted Total Total
Funds Funds Funds 2025 2024
£ £ £ £ £
Income from:
Donations and legacies 6 28 - - 28 -
Charitable activities
Grants and contracts 6 221,254 - 281,586 502,840 360,688
Other trading activities 7 29,835 - - 29,835 15,571
Investments 8 5,612 - - 5,612 5,425
Total income 256,729 - 281,586 538,315 381,684
Expenditure on:
Raising funds 9 17,189 - 86 17,275 3,907
Charitable activities
Operation of the charity 10 175,433 - 300,875 476,308 372,676
Total expenditure 192,622 - 300,961 493,583 376,583
-
Net income/(expenditure) 64,107 ( 19,375 ) 44,732 5,101
Transfers between funds ( 17,050 ) 17,050 - - -
Net movement of funds 47,057 17,050 ( 19,375 ) 44,732 5,101
Reconciliation of funds
Total funds brought forward 195,301 57,950 19,375 272,626 267,525
Total funds carried forward 242,358 75,000 - 317,358 272,626
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 17 to 25 form an integral part of these accounts.

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Charity Number 1117026 Company Number 05775686

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

BALANCE SHEET

As at 31 March 2025

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----- Start of picture text -----
Total Total
2025 2024
£ £ £ £
Fixed assets
Tangible assets 17 3,340 4,030
Total fixed assets 3,340 4,030
Current assets
Debtors 18 99,165 70,209
Cash at bank and in hand 19 223,968 206,078
Total current assets 323,133 276,287
Creditors: amounts falling due
within one year 20 ( 9,115 ) ( 7,691 )
Net current assets 314,018 268,596
Total assets less current liabilities 317,358 272,626
Total net assets or liabilities 317,358 272,626
Funds of the charity
Unrestricted income funds 242,358 195,301
Designated income funds 75,000 57,950
Restricted income funds - 19,375
Total funds 317,358 272,626
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 17 to 25 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

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15

JET JOBS EDUCATION AND TRAINING

A company limited by guarantee

STATEMENT OF CASH FLOWS

For the year ended 31 March 2025

Cash flows from operating activities
Net movement in funds
Depreciation
Investment income
Increase in trade receivables
Increase in trade payables
Cash generated from operations
Cash flow from investing activities
Purchase of property, plant and equipment
Interest received
Net cash used in investing activities
Increase in cash and cash equivalents
Cash and cash equivalents at start of year
Cash and cash equivalents at end of year
Notes		 2025
£
44,732
690
( 5,612 )
( 28,956 )
1,424
12,278
-
5,612
5,612
17,890
206,078
223,968		 2024
£
5,101
115
( 5,425 )
( 40,206 )
( 4,167 )
( 44,582 )
( 4,145 )
5,425
1,280
( 43,302 )
249,380
206,078

The notes on pages 17 to 25 form an integral part of these accounts.

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JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

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 £242,358 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.

17

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

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.

18

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

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

19

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

==> picture [514 x 603] intentionally omitted <==

----- Start of picture text -----
Analysis of income
Unrestricted Designated Restricted Total Total
Funds Funds Funds 2025 2024
6 Donations and legacies £ £ £ £ £
Donations and gifts 28 - - 28 -
28 - - 28 -
6 Charitable activities
Income from grants
Newcastle City Council - White Ribbon - - - - 2,800
Housing association for BNO - - - - 2,932
Newcastle City Learning - employment 22,000 - - 22,000 20,600
and pastoral support
Newcastle Fund - - - - 37,500
North Tyneside Council - - - - 5,500
Vita Health Group 38,215 - - 38,215 38,187
The National Lottery 13,800 - - 13,800 -
Other 5,876 - - 5,876 6,288
Income from contracts
Educational Development Trust (NCS) 92,401 - - 92,401 77,357
Job Centre Plus - - - - 56,575
Newcastle City Council British Nationals 12,750 - - 12,750 49,300
Overseas
UK Talent Match UKSPF - - 101,219 101,219 -
BNO Integration Activities 11,623 - - 11,623 9,195
Karbon Homes (New Starters) 24,589 - - 24,589 -
The Wise Group Relational Mentoring - - 48,555 48,555 37,269
Programme
The Wise Group Relational Mentoring - - 131,812 131,812 17,185
Programme (National Community Lottery
Fund)
221,254 - 281,586 502,840 360,688
7 Other trading activities
Wicker Chair
Venue Hire 264 - - 264 -
Fareshare LCP City 9,204 - - 9,204 -
Partnership
Café income 14,670 - - 14,670 12,292
Buffets 5,697 - - 5,697 3,279
29,835 - - 29,835 15,571
8 Income from investments
Bank interest 5,612 - - 5,612 5,425
5,612 - - 5,612 5,425
----- End of picture text -----

Income was £538,315 (2024: £381,684) of which £256,729 was unrestricted or designated (2024: £327,230) and £281,586 was restricted (2024: £54,454).

20

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Analysis of expenditure on charitable activities

9
10		 Raising funds
Charitable activities
Direct costs
Support costs
Other support costs
Staff well-being
Depreciation
Governance costs
Legal fees
ICT maintenance and software
Insurance
Professional fees
Cafe Maintenance and Refurbishment
Client and volunteer expenses
Staff costs
Staff training
Staff travel
Rent and utility costs
Marketing
Activities and events
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
£
3,152
687
13,350
17,189
156,543
965
1,036
419
21
904
4,072
1,790
1,486
354
179
784
2,009
1,135
2,015
690
28
1,003
175,433		 Designated
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Funds
£
31
55
-
86
-
270,151
219
1,473
2,461
-
910
1,498
406
336
19,745
41
591
2,059
302
450
-
6
227
300,875		 Total
2025
£
3,183
742
13,350
17,275
426,694
1,184
2,509
2,880
21
1,814
5,570
2,196
1,822
20,099
220
1,375
4,068
1,437
2,465
690
34
1,230
476,308		 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

Expenditure on charitable activities was £493,583 (2024: £376,583) of which £192,622 was unrestricted or designated (2024: £343,499) and £300,961 was restricted (2024: £33,084).

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 (2024: £nil).		 2025
£
1,230
1,230		 2024
£
1,230
1,230

21

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

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

Sessional costs
Salaries and wages
Social security costs
Redundancy
Pension costs (defined contribution pension plan)		 2025
£
382,791
33,932
7,762
2,209
-
426,694		 2024
£
299,607
24,886
5,851
-
1,570
331,914

No employee received remuneration above £60,000 (2024: 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 £56,430 (2024: £41,092).

13 Staff numbers

The average monthly head count was 14 staff (2024: 13 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.		 2025
Number
13.0
13.0		 2024
Number
11.5
11.5

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 £7,762 (2024: £5,851). There was £0 outstanding as at 31 March 2025 (2024: £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.

22

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

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		 Fixtures,
fittings and
equipment
£
2,150
-
-
2,150
SL
25%
60
358
-
418
2,090
1,732		 Office and
computer
equipment
£
1,995
-
-
1,995
SL
25%
55
332
-
387
1,940
1,608		 Total
£
4,145
-
-
4,145
115
690
-
805
4,030
3,340

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)
Taxation and social security
Accruals
Cash at bank and in hand
Trade debtors		 2025
£
99,165
-
99,165
2025
£
215,418
7,751
799
223,968
2025
£
7,541
1,230
344
9,115		 2024
£
63,409
6,800
70,209
2024
£
191,062
14,031
985
206,078
2024
£
5,921
1,230
540
7,691

23

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

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
Contingency
Totals		 Fund
balances
brought
forward
£
195,301
57,950
253,251		 Incoming
resources
£
256,729
-
256,729		 Resources
expended
£
( 192,622 )
-
( 192,622 )		 Transfers
£
( 17,050 )
17,050
-		 Fund
balances
carried
forward
£
242,358
75,000
317,358

Purpose of unrestricted funds

General unrestricted fund The 'free reserves' after allowing for designated funds. Designated funds 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)
UK Talent Match UKSPF
Totals		 Fund
balances
brought
forward
£
5,786
13,589
-
19,375		 Incoming
resources
£
48,555
131,812
101,219
281,586		 Resources
expended
£
( 54,341 )
( 145,401 )
( 101,219 )
( 300,961 )		 Transfers
£
-
-
-
-		 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. The Wise Group Relational Partnership programme funded by ESF and Big Lottery, managed by Wise Group Mentoring Programme to help those furthest from the labour market to access employment and improve their skills.

UK Talent Match UKSPF

Programme that works with young people who are out of employment, training, or education to offer intensive support through a dedicated Mentor who will help move them closer to the labour market and connect them with their communities.

24

JET JOBS EDUCATION AND TRAINING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

23 Capital commitments

As at 31 March 2025, the charity had no capital commitments (2024 -£nil).

24 Analysis of net assets between funds

Tangible fixed assets
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
£
3,340
148,968
90,050
242,358
Unrestricted
Funds
£
4,030
128,753
62,518
195,301		 Designated
Funds
£
-
75,000
-
75,000
Designated
Funds
£
-
57,950
-
57,950		 Restricted
Funds
£
-
-
-
-
Restricted
Funds
£
-
19,375
-
19,375		 Total
2025
£
3,340
223,968
90,050
317,358
Total
2024
£
4,030
206,078
62,518
272,626

25