COMPANY REGISTRATION NUMBER: 06548784 CHARITY REGISTRATION NUMBER: 01124843 The JayTee Foundation Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 •AEIIOAQI* 2311212025 COMPANIES HOUSE
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HARRISON HOLT Chartered Accounlants High Park Farm Kirkbymoorside York Y062 7HS
The JayTee Foundation Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial slatemenls
The JayTee Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrectorfs Report) Year ended 31 March 2025 The trustees. who are also the directors for the purposes of company18w, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's goveming document, the Charities Act 2011 and 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 published in October 2019. Reference and admini8trative detall• Rogistered ¢harlty name The JayTee Foundation Charity r•gi8tration number 01124843 Company registratlon number 06548784 Prlncipal offlce and r•g18t•red Bowcliffe Hall office Bramham West Yorkshire LS23 6LP United Kingdom The trustees Lindsay Austin Christopher Ritchie Jonathan Turner Karen Tumer Frederick Turner Olivia Turner Harry Turner Company 8•cretary Christopher Ritchie Independent examlner Philip Holt FCA FCIE High Park Farm Kirkbymoorside York Y062 7HS
The JayTee Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢ofttlnued) Year ended 31 March 2025 Structurn. governanc• and management Goveming Documents The company is a charitable company limited by guarantee and does not have a share capital. The company is governed by its Memorandum and Articles of Association and has been granted permission by the Companies Act 2006 to omit the word 'Limited' from its name. Organlsatlonal Structur• The charitable company is administered by a Board of Trustees which meets from time to time. The Board has no staff and the Trustees run the day lo day operations of the charitable company. Recrullment, Appointment, Induclion and Training of Trustees In accordance with the Articles of Association, the Trustees shall have power at any time, from time to time, (but only with the consent of the Founding Trustee during his lifetime) to appoint any person to be a Trustee but so that thé total number of Trustee8 shall not be less than three nor more than seven. An induction booklet is given to all new Trustees which gives the necessary informalion about the Charity, its strategic objectives and history. It explains the Articles of Association and principles of good governance. A chapter is dedicated in explaining the Trustee's role, the skills and qualities required, and the role of Trustees in strategic planning. A further chapter give8 guidance from the Charities Commission to Trustees on their responsibilities. Risk Management The Trustees have assessed the major risks to which the charitable company is exposed. The Truslees are satisfied that there are systems in place to mitigate exposure to these major risks. During the previous year, the charity settled a contribution to a charity which should more properly have been an obligation of Mr J Tumer, Founding Trustee, as it was an auction lot at a fundraising auction. The Trustees acknowledged that there was a weakness in the internal controls which allowed this to happen and made suitable changes to the internal control environment to prevent charity funds being misapplied in future. Grant making policy The Trustees consider applications for special grants from applicants. Applicalions are considered and measured againsl the charity's objectives at trustee meetings Successful applications are paid after approval. Grants are included in the accounts when the Trustees have made an irrevocable commitment to pay.
The JayTee Foundation Company Limited by Guarantse Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2025 Objectives and activities The objects ft)r which the charitable company was established are such purposes as shall be exclusively charitable as the trustees in their absolute discretion from time to time think fit. The principal activrty, that the Trustees use to fulfil the charitable objects, is making grants available to beneficiaries. Substantial grants were made during the year including £36,000 to Yorkshire Children's Charity (2024 - £36,000) to support children in Yorkshire. In 2024, £48,000 w8s committed over a iwo-year period in equal instalmenls to Lrfe Connections - Spear Leeds whose main focus is to transform the lives of 16-24 year olds who experience barriers to employment and enrolling them on an intensive six-week coaching programme, there was also a separate donation made to them of £9.020 during the year. The following donations were also made, £2,500.00 to DKMS bone marrow donor centre, £2,500 to St Gemma's Hospice in Leeds. £6,642 to The Candlelighters Trust who provide cancer support for children in Leeds. The Charity continues to support other causes whosè criteria meat the charitable objectives. Achievemonts and p•rformanco The Charity has achieved ils aim of supporting the education and personal developrnent of young people by making grants to various institution8. The charitable activities undertaken during this year consist of grants paid to eight (2024 - 13) charities. The grants paid to charitable institutions for the year were £58,480 (2024 - £131,285) and no grants were paid to individuals for the Current or prior year. Financial r•vl•w During the period, the Charity received donations amounting to £53,100 {2024.' £56,570) and related Gift Aid claims of £10,275 {2024: £1,750). The total expenditure on charitable activities amounted to £59,480 (2024.. £132,285) with governance and other resources expensed totalled £1,997 {2024.. £3,120) during the period the decrease in unrestricted funds amounted to £1,68212024.. £75,951). At 31 March 2025. the net assets of the Charity amounted to a surplus of £13,818 (2024.. £12.136). The Trustees are satisfied by the perfomiance of the charity and its results as set out in these financial statements. Policy on res•rv•s It is the policy of the Charity to maintain 8 level of funds sufficient to meet .the ongoing annual obligations of the charity- Accordingly, the Trustees consider that free reseries of around £2,000 will allow the Charity to pay any administrative overheads for one year. At the year end, the ffee reserves of the Charity show a surplus of £13,818 (2024.. £12,136). The Trustees will be making substantial grants to beneficiaries in the forthcoming year to reduce the surplus reserves. The Trustees have decided that holding reserves is unnecessary because they have the power to distribute all of the unrestricted funds of the Charity.
The JayTee Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) l¢ontinued) Year ended 31 March 2025 Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trus es, annual repo tru s by.. proved on and signed on behalf of the board of Jona Trus han Turner
The JayTee Foundation Company Limited by Guarantee Independent Examinerfs Report to the Trustees of The JayTee Foundation .Year ended 31.March 2025 I report to the trustees on my examination of the financial statements of The JayT88 Foundation ('th8 charity.) for the year ended 31 March 2025. R•8pon8lbllltl•8 and ba818 of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself that the %counts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act.). In carrying out my examinalion I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Indopendont •xamln•r'• •tstom•nt I have completed my examination. I confirm that no matters have come to my attention in connection with the examinalion giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act: or the financial stalements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give 8 'true and fair, view which is not a matter considered as part of an independent examinatlon., or the financial statements have not been prepared in accordance wrth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and 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 o be reached. Philip Holt FCA FCIE Independent Examiner High Park Fami Kirkbymoorside York Y062 7HS
The JayTee Foundation Company Llmited by Guarantee Statement of Financlal Actlvlties (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowment8 Donations and legacies Other trading activities Total income 63,375 63,375 58,320 1,350 63,375 63,375 59,670 Expenditure Expenditure on raising funds.. Costs of raising donations and legacies Expenditure on charitable activities Total oxpendltur• (216) (61.477> {61,693) 1216 (216) (61,477) {135,405) {61,693) (135.621) Net incomol(èxpendltur•) and n•t mov•ment In fund8 1,682 1,682 (75,951) Reconclllatlon of funds Total funds brought forward Total fund8 carrled fOard 12,136 12,136 88,087 13,818 13,818 12,136 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notss on pages 8 to 14 fomi part of these financlal statements.
The JayTee Foundation Company Limlted by Guarantee Statement of Flnanclal Position 31 March 2025 2025 2024 Note Current assets Cash at bank and in hand 16,815 38.056 Creditors". amounts falling due within one year Net current assets 15 (1,99n (25,920) 12.136 13.818 Total assets less current liabilities 13,818 12,136 Net asset8 13.818 12,136 Funds of tho charity Unrestricted funds 13,818 13,818 12,136 Total charity funds 16 12.136 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtain an audrt of its financi81 statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities lor complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These fin ncial statements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by.. Christopher Ritchie Trustee Jo than Tumer ustee The notes on pages 8 to 14 forni part of these financial statements.
The JayTee Foundation Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General infomiation The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Bowclrffe Hall, Bramham, West Yorkshire, LS23 6LP, United Kingdom. Statement of compliance The financial statements 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021. the Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice. The JayTee Foundation constitutes a public bénefit entity as defined by FRS 102. Accounting pollcles 8a8is of preparation The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £1. The signrficant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise slated. Golng concern There are no material uncertainties about the charity's ability to continue. Judgement8 and key 8ourc08 of •8timation uncertainty Estimates and judgements are continually evaluated and are based on historical experience and other factors. including expectations of future events that are believed to be reasonable under the circumslances. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that.have a significant risk of causing a material adjustment to the carying amounts of assets and liabilities, within the next financial year. are the levels of future funding and expenditure on charitable activities. Income tax As a charity, The JayTee Foundation is exempt from tax on income and gains falling within the available tax exemptions to the extent that these aré applied to its charitable objects. No tax charges have arisen in the charity.
The JayTee Foundation Company Limited by Guarantee Notes to the Financial Ststements (eontlnu•d) Year ended 31 March 2025 Accounting pollclo8 {¢ontln(wdJ Fund accountlng Unrestricted funds are available for use at the dixretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expendilure declared by the donor or through the tems of an appeal, and fall into one of two sub-classes= restricted income funds or endowment funds. Incomlng re80urce8 All incoming resources are included in the statement of financial activities when entitlement has passed to the charity.. il is probable that the economic benefits associated with the transaction will flow to the charity and the amounl can be reliably measured. The following specrfic policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Oonated facilities and services are recognised in the accounts when received If the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for rt to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
The JayTee Foundation Company Limited by Guarantee Notes to the Flnancial Ststements {¢ontinuedJ Year ended 31 March 2025 Ac¢ountlng policie8 {condnu•d) R880urce8 •xpendod Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitsble trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that 18 neither relaled to raising lunds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on 8 reasonable, justifiable and consistent basis. Flnanclal In8trumentts A financial asset or a financial liability is recognised only when the entty becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognlsed at'the amount receivable or payable including any related transaction costs. Current assels and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Llmited by guarantee The JayTee Foundation is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the company in the evenl of its being wound up while he or she is member, or within one year after he or she ceases to be a member. 10
The JayTee Foundation Company Limited by Guarantee Notes to the Flnanclal Statements fconthued) Year ended 31 March 2025 Donation8 and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Oonations Founding Trustee Donations from other trustees Bayford & Co Limited Donations from individuals Donations from companies 40.000 1,100 12.000 40,000 1,100 12,000 6.500 49,020 250 800 6,500 49.020 250 800 Other donatlon8 and leg4cle8 Gift Aid and other lax repayments on donations 10,275 63,375 10,27S 63,375 1,750 58,320 1,750 58,320 Other trading aetlvlti Unrestricted Total Fund8 Unrestricted Total Funds Funds 2025 Funds 2024 Leeds Festival Ticket Auction 1,350 1,3SO Costs of ralslng donatlon8 and l•gacl•8 Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Fundraising fees 216 216 216 216 Expendlturo on chorltable a¢tlvltl•8 by fund typ• Unrestricted Totsl Fund8 Unrestricted Total Funds Funds 2025 Funds 2024 Welfare and Medical Citizenship or communty development Support C08ts 47,642 10,838 2,997 47.642 10.838 2,997 78,785 52,500 4,120 135,405 78,785 52,500 4,120 135.405 61,477 61,477 11
The JayTee Foundation Company Limited by Guarantee Notes to the Financial Ststements (¢onfrnu•d) Year ended 31 March 2025 Expendituro on charitable activiti•s by actlvlty type Grant funding of activities Support Total funds costs 2025 Total fvnd 2024 Welfare and Medical Citizenship or community development Governance costs 47.642 10,838 47,642 11,838 1,997 78.785 53.500 3,120 1,000 1,997 2,997 58,480 61,477 135,405 10. Analy818 of 8UPPOrt CO8ts Grant funding Governance of acts'vities costs Total 2025 Total 2024 Membership Renewal fees Independent examiners fees Legal fees 1,000 1,000 1,920 1,200 1,000 1,920 1.200 1,920 1,200 1,000 3,120 4,120 4,120 11. Analysis of grants 2025 2024 Grants to Institutlons The Sick Children's Trust Leeds Community Foundation Dales and Bowland CIC Dementia Fomard Yorkshire Children's Charity Life Connections Yorkshire Cancer Research JPC Community Farm Hope for Tomorrow Kinamba Project Leeds City College DKMS Sl Gemma's Hospice The Candlelighters Trust 500 1,000 2.500 6.415 36.000 48,000 820 4,650 30.400 1,000 1,250 36,000 9,020 568 2,500 2.500 6,642 68,480 131,285 Total grants 58,480 131,285 12. Independent oxamlnation fo•8 2025 2024 Fees payable lo the independent examiner for.. Independent examination of the financial statements 1,997 1,920 12
The JayTee Foundation Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 13. Staff costs There are no employees and no salaries or wages have been paid to employees, including the Board of Trustees, during the current year or previous year. 14. Tru8te• remuneratlon and expenses None of the Trustees received any emoluments or reimbursed expenses during the current or previous year. 15. Creditorn: amounts falling due within on• year 2025 2024 Accruals and deferred incorna Grants payable 1.997 1,920 24,000 1,997 25,920 16. Analys18 of charitabl• fund8 Unr08tricted funds At1 April 2024 At31 MaKh 2025 Income Expenditur& General funds 12,136 63,375 (61,693) 13,818 At1 April 2023 At31 March 2024 Income Expendrture General funds 88,087 59,670 (135,6211 12,136 17. Analysls of net asuts btttweon fund8 Unrestricted Total Funds Funds 202S Current assets Creditors less than 1 year Net a88•ts 15,815 {1,997) 13,818 15,815 11,997) 13,818 Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net assets 38,056 (25.920) 12.136 38,056 (25,920) 12,136 13
The JayTee Foundation Company Limited by Guarantee Notes to the Flnancial Statements (Continued) Year ended 31 March 2025 18. R•lated parti08 The donations received in the period amounting to £40,000 (2024 - £-) were made by Jonathan Turner, the Founding Trustee. In addition, other trustees donated £1,100 (2024 - £6,500). Bayford & Co Limited, a company controlled by Jonathan Turner, donated £12.000 (2024 £49,020). 14