Registered number: 06634048 Charlty number: 1125382 THE EMILY JORDAN FOUNDATION (A company limited by guarantee) UNAUDrtED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
THE EIAILY JORDNJI FOUNDATION (A company limited by guarantee Page Reference and admlnlstratlv8 detalls ol Cowyj its Tn188$ and advi9ers Tru8tees' report Indendent examiners report Statemwtt of financ1 acllvllks Balance sheet 10 Notes to the flnanclal ststements 11-ZJ
THE EMILY JORDAN FOUNDATION (A cofflpony Ilmited by guaraffttse) REFERENCE AND ADMINISTRATIVE DAlL$ OF THE COMPANY, rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2021 Trustees C Gibbs. TrLL8tee D Etherington. Trustee L Webb. Trtte8 P Hall, Trustee J Price, Tr C Jordan. Char V Modgil, Trustee L Jordan. Trustee M Jefferies, Truslee L Goldsmrth, Trustee H Jordan. Trustee Company reglstered numlxr (6634048 Charity reglstered number 112&382 Regl$tsTrd office Valley Ho(LS8 Trimpley Bewdley Worcestershire DY12 1PG Page 1
THE EMILY JORDAN FOUNDATION (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2 The Truste6s prnt Ihar annual re[rt tC9ether vrtth the fiaT ststements of the Company forth8 1 August 2020 to 31 July 2021. The Annuat report serves the purpxjses ol trx)th a Trust, report and a directors, report under company law. The Trustees eonfirm that the Annu rgport and financial statements of the charitable company comply wth the currerrt stalLrtory wuirements, the requirements ol the charitable companvs governing do¢ument and the provisiDns of the &atement of Recommend Praclice ISORPI aFpli¢able to charities preparing their ants li 0T(lanCe the Financtal Reporting Standard appl10 in the UK and Republic ol Ireland IFRS1021 (effective 1 January 20191. Since the Gompany qualffjes as Sm1 under section 382 of the CompEnies Act 2L. the strateg report required of tmedium and large companies under the Compantes 20 (strateg R8FX)rt and Dire¢lors' Report) Rggulations 2013 has been offlitted. Obiecllves and actlvllles a. The FoLmdation Alm8 The FoundlOn was set up in 200810 suA)ort people mrxlerate leaming disabilities to learn new skills, with the of eventually enabling them to enter $MOYMeTrt. ft ¢kn this through a variety of work-based projects. Many of these people are capable of vnrk il given the rwjht C4Vtrrtunity, but UnfortunalY this rarely happens. The Trusteos renan focussed of the rwd for this to Lwome a hFgh8r priority for both centra5 and Ial government, and society in gener. To this erKJ the Charity has S0. in recent years. oxpand&J it5 work-based proie¢ts tr) obtain conlracis from local and nation businesses. From the revenue of these contracts tl is able to pay those IndivlUalS wth learning disabilities who do the work, with staff arKI volunteer suppKTrrt, a knge,. Thts transforms th8 lil8 ol th8sa peDPte- their 5elf- est8&m is dramatically improved. In addthn they are to Contribute to society, like everyone else. sin 2008 th8 Fourxlation has also exparnd lo support th more comth needs. People who qualify for Adult S(Kial Care come lo Ihe projects we run as a'day opportunitl, being supwrted through their'persona budgef that they receive from Worceershlre County Council (WCCI. This is based on an assessment lor fuNling that everyone wth a dL%ability receives. to enable them lo support themselves with housing and other t)aS living reqL•rements. It k8 a gaI duty lor rlIS lo prowde thi% suwi( the Ca The funding that we rece(ve from the personal bLKlgets. enables us empEI)y qualified staff to supwrt this group, to leam new sknlls to ttteir18vel ol ability. and aLso (kvelop SOCI skills within a Work, tyFe enwronment. Unfortunately, we have seen sIgnrfnt reductons in person budgets over the past few years as the money rec&ved by county councils from central govemment has thrèased. Because ol this WCC now only provide personal twdgets to Ihe allY iequired level- those ¥ have'severe or crtb¢al' needs. From the day the Foundation was start1 have aw had IndidUalS vrth MO moderate learning disabilities who Come to us, who at one time re[Thj a Fwsonal IHJdget but who now do not quafify. This group ¢ontinues to grow in number, only quality'ng lor'employm8nl supp)rf from the Job Certt, which enables thèrn to live. We receive nts funding Irom any source for th15 group. Wè continue lo suptx)rt these indivUaL$ as best we can, ugn9 the monies raised through trading and fund raIr0. and utilising our volunteers. is a very disthnlaged gr(p in our xtiety, doutrt. We conttnue to work hard on trxpanding our volunteer numbers. ensuring that they are propedy trained and supported. All of them work Ihe peIe learning disabilities In some way, provkding a very valuable reswrce enabling us to do a huge amount mora that we would othemse be ab to &). Page 2
THE EMILY JORDAN FOUNDATION (A company Ilmlted by guawanlee) TRUSTEES. REPORT IcowfiNUED) FOR THE YEAR ENDED 31 JULY W21 Oblectives and actlvltles Icontlnued) b. Thg Foundatlon Proiecls In order b aehieve its alms The Foundalion rijns four sq)arate v•rrk-ba1 projects. These activit are un4ertaken lo achieve our obj8Ctwes'. Spokes This is a bike project, where the Trainees leaming disthlities rebuild bikes, that hav& been gwen lo us by ihe public. They also get invofv&J in bike rwair for the ILUI communtty. They do this wth support trom both staff and volunteers. leaming new thlls th will ol Le to ihem in the fLIty when trwng to move into the workplace. The volunteers who wotl( with our trwnees do an amazng lob. wth wnany ol them frotn an ellgineering background. Several Of our trwnees havè mw hIeVed trAke eMb qualifications. which rill be vaiy useful to therll in the future. This an incredible achievement. Spokes is also inVoed in maintaining all of the bikes lor hire al Worcesfyi UnNerstty, as a contracL This enables some paymènt to be made to thè people concernsd. Th7igs This is our horb'cultural project. where tr&nees wth leaming disaLxirDe5 learn skills wtthin a garden centre environmenl. They are involved from start to finish with this project. sJanting Ugs. Wdtering and mair)taning plants as they grow, and then b&ing invcfved wlh the sat&% of these to the public. Thg trainees are also involved in ground maintenance on our local estate. carrwng out mowng, litter picknng, Strimming and planting through the ring and auttjmn periods. They are invotved in yrkn"ng in the Ictal park, supwrt'ng the Council Park stsll. We have conlinued with the Mntene of the Senses gar(kn lor Wyre FoTest DC in Brirrtons Park Ihal we started in 2019. This garthn was established lor the benelit of the sensory ifftpaired and was opened in 1995. being dedKaled to the 13 teenagers who lost their lives in the Hagley mini1 crash in 13. An excrfting development al the Énd of the year was the success of getting a contract i1h severn Trent to cary out ground mantenancg work at TrIM8Y r8sovoir. This wll be reported on further next year. The Twigs project has prov1 lo be very slesS[l and k% moving from strength lo strength in the area. This is OUT woodwork proj8ct wthere with learning disatilTli8s learn how to build WfY)den (tems, such as bird boxes, bat boxes, log stores. plaftiers. a1 other wood items. The skills that the trainees leam can be put lo great use in the future. as hopekjlly some ol them move towards pad em 0yrn2nt. Again they are involved in the comet8 process. from manufacture to selling to the public. Go Green This is our recycling pro1t. where people moTe comFAex needs carry out a variety ol recycling invotrving cans, glasses, and a variety of plast material. They are dso involv&l in light manulaciuring projects. which are enjoyed by all. The people who come to this projecl get IrNOfv in day work. learning how to fflake items and fiTe thetll b8lor8 pwnltng them lor saje to thè wle. This part ol Go Green called 'Pots'. has provgd lo be vary successful. This project has moved IoThrdrd Irom strength lo slreryth, desFXte Ihe chaIge$ laced over the past 2 years. Page 3
THE EMILY JORDAN FOUNDATION (A MpanY limite41 by guarant) TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2021 Ac•MntS and perfomian . Revlew of Tradlng Juty %W2021 anaging the prolects through the Pandemic Last yearwe reporte(l on the first ar of the pandemic. and dl that this entailed to keep operating. As was said then we, as a Chartty. were very grateful lo all ol our staff arvj volunteers for the amazing that was put in, to enable us to bè thè first operation of our IYFE lo rtropen our (kn)Is to Trainees on the 27th April. 2020. By then we had evering in place lo enable us to operate safdy, tt not as elfi"ctenUy as possiwe. By the end ol June we had achieved both of these goals. 01 course the pandemic had not finished. There were further l(tkdowns in Auttjmn 2020 and early 2021. Howevw we. in our role ol supporling peoFAe with Leamiro Disaiy'lities. vtho We classed as a vulnerable gro. were abk lo keep operating during this tim8. We dKI not furfough any of Qur staff throughout the entire bckdown period, as they were twsy loo"ng aftgr our tranees or ensuring that tha operation could remain viaLJe. Fknwever, as 9Xlded, over the wrwe have seen a reduction in the numbw ol tranees coming lo the projects. This is mainly due to parents arKI carers de¢Kling to keep their k)ved ones at home. due to their vulnerability, which is understandable. Obw'ously. Ihis has our primary revenue 51ream- personal budget income, however we are confNJent that over the next year we *ill see many r8iurns, as things stsrt to move back to a degw ol nomialty. Of course. the cost ol the p3nd8mic has teen substanttal. btsth in Wtsl $t and continual purchase, with the changes we have maé& to the unst arKJ tha conbnud ol PPE, etc. Again. however, sone ol tt)e changes wll prove to benefKial in the longsrterm, wth the extra space that has been achieved in our unit on the Finewint estate. The instaltation ol a new th'Trase into the ryration. to enable the sales area at spok to move to th8 mezzanine has been particularfy useful. as a signift amount ol new yrkIng area has been established on tha ground floor. The Foundalion has also beDerrt from some grarts from WCC and central government, ¥•there there has been a recognrtion ol the importa1e ol th8 work dDne. DLJring tho period we have also corrttnued to expand the 'pakl work, projects that we offer lo our trainees wrth moderate learning dsabililies. We havè always tdwed this grp as being parb'cularly disadvantaged in our siety, as many ol them arg very Cap of being in the rkpta¢e, il gwen the Gwrbjntty. Howevar. this does not genarally happen. A lew years ago, the Chair of the Trustees: Chrts Jordan, spant a SHJnilicanl amount ol ilme sakIng to local employers. trwng to convince them to give peotAe WTth leaming d¢saklItieS an opportunity io work for their EyJsinesses, but wlh limite(I sucLe&%. Because ol this the Foundab'on then changed direction and started to gain Work contrdcts direcuy. This Wds in parbcular pro1 such as grourxl mairtenarte. et. This has pwoved io be sIgnrfanlly more successful, with several contacts now in aGe. During summer 2020 Sevem Tront were having problems ai its site in TriMeY- a reservoir in a rur arga where many people wero coming. wth tsr familias to enjoy a etc. Howèver. a significant litter problem resulted. Chris approached them directly and managed to gain a contract lor ground maintenance the. which has proved to be very successful. Severn Trent are very pleased with the work ¢Jone. anL1 the petse with moKlerdte learning disatJ"lities who come lo the Foundabon are eaming sOe ffloney themselves, which makes a huge diflerenee tD their liv8s. Tom Crawford at Sevgm Trgnt has submitted a testimonial which says it pjl about the poople involvtry! Page 4
THE EMILY JORDAN FOUNDATION {A ¢onwany limited by gUntee) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2021 Achlevement$ and pwtonTranee (continued) Testimonid - Tom Crawford. Site Supemsor, Sevem Trent Having th8 EnRityJordan Trust on ske has oeen a massive W ro us. Th8yguys vera lot oftasks we lind it drfhcult to do on a tyk/y basis lik8 litt8riNcknng. vegetation Clearan andimpmwng hatstat through theputting up ofnestboxes. Theyact as eyes andears on srte andrelay anyissue baGk to us. Thefft reallyimprovgd tha l¢h ofsite ar feedbackhas gt0th with a 1Y$On thl(nts andalso wnments 8bouthow tho site looks better than ever." Tre plan is to continue to develop this of wort to atAe lo emtAoy more pwple wrth moderate lèaming di%abilili&% io ban81it from this wodL The Foundation now employs 12 poopI8 ¥vith learning disabilities. doing in Spokos. Go Gr8en. Twigs, ongsKle the ground maintanance prO1t8. Another oxciting (velopment over the past 12 months has been the slart ol a sister charity for the Foundation. The Emily Jor¢Jan Foundation Projects. This has been the 1xttme of a partnership 6sTth Dudley Council. on a 10tt8ry bid. This was eventualty successful in 2019. arKJ overthe past year a Victorian house, fintern HoLise, on Stevens Park in Lye. has been eomplètety rebuitt to a design that has been submitted by Chris Jordan and Ruth Krivosie, our CEO. The new tharity has deliberaldy been sèt up as a separate legal entty, lo ensure complete separation ol the projects into the futyre. Thi5 WjPtAi "nancial r[ty for both opgrations. In June a newTwgs prO1t operd on a sq)arate fenced area in the park, and at tha samè time in fintem House itself a Swkes and Go Green pro11 start&l. The ams ol The Emily Jordan Foundation have expand&cF into the Wèst Midlandsl The start-up ol the new operation has Ixen [U. A five-months tlelay in beÈng to get'on site. has reduced the income stream lor the first year dramaticalty, as Ihe colge leaving Feriod for people with leaming isabilities had been missed. In aOn. the Twigs area wll need substantial work done lo it, as the instal of the PDlytunnels has not been rried OLrt lo the rigm S"¢ab"0n. that had been supplied by Tha Foundation staff. These hOfullY be in good TrAA)rf(ing order for earfy 2022. In adLfthon. it was never going to be easy starbng three projects at a new location in the middle of a pandemic, but everyone has been foi the ¢hJlenge. However, we are Bonlident that after the initiJ start n(l the project 11 be a success. The next year will be a major part of resolvtng the inilal prOemS. that not in any w th8 fauft of the Foundation, as hopelullythtr pandemic comes to an entl. It is important that the projects that are enjoyed byour traineas In Worcestershire arg rolled out in a new area of the UK. The Foundation has supported ihis new venlure Yth a grant of g28k to cover the lirsl-year projected loss. With the diffv'cullies experien& it rnay be esSary to SUPF 8rtiOnal, lirnited suppgrt, but this will be assesseé as we move forvdrd il necessary. There is also prewre beirMJ arw>1 lo Dudley Council to provKle some support. as it is noi right that the FouThYation shoujd be suswtying all of this when the dday kSSUgS arg not ol its making. Flnanclal The Foundation had a quiet year in tems of fur.d-raKwng activities, taUse of the Parem. However, we are pleased thai the reseives of the Charty were not 9gnifntlY ijamagel by the parKlem. and in l&t showed a reasonable increase 01 £40k during the periL*. This was due earefulty managemenl ol our oulgoings through the period. The Foundai'on will continue lo develop ils own projects and when nary and surtable support olh8r charities that ar@ involvad in similar mS to its own. Page 5
THE EMILY JORDAN FOUNDATION (A conwny limitsd by guarante8) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2021 Achlevements and perfornwice (contind) Concluglon We would like to say a huge thank you to all of our statt and volunt88rs. havB been such a major part of making what we do a success, agn, through SLKh a (StrrKult titne. They have to deal som8 very difficu situations, wth peopl8 who often lind it very dillicult to express their true feèlings. Flnanclal review a. Golng concern After Man appropriate enquirTrtts. the Trust have a reaSonae exptstion that the Company has aéequate sources to conbnue in operational estenCe lor Ihe fuseeable fLrtur&. For this r6ason, they connue to adopt the going ¢on¢em basK8 in preparing the linanoJ stalements. Further ¢tai15 regarding tho adoption of the going ncern basis can be fourKI in the a¢Unting 1x>Iles. b. Reserves pollcy The Charty Trustees have agTeed to maintain free reserves ol £1.000: to allw for any drop in revenue and lo enable an orderly vAnd down ol kKojects rf necessary. This money can only tt rnI on thi5 taknng Fts¢e. The remainder of lunds availe can be utili1 to enable the wms ol the Charity to be hlaYed. The free reserves ar8 mad8 up of Unrestric reserv&8 of £726,37412r120'. £6&3.3761 le&8 tangible assets 4,204 {2020: £281,801). Therefore the free reserves are £432,170 {2020'. £401,575) in excess ot ihe £150:000 reserves policy and wll b8 utilised over the next lew years lor the charity achieve its aims. Strncturey governanee orKI nagnent Constltutlon The Emily Jordan Foundation is regi8tered as a charttable Company limited by guarantee a1 was S up by a Memorandum of Assocotion. b. Methods ot appointment or ele¢tk>n of Twslees The management oflhe Company the respo111 of the Trustees who are eleGted co-opted unr the tenns ol the Memorandum of As5w"aDOn. Pian$ for future perfods This financi year has been a major challenge for us. as it has been lor many other charities. However we L*lieve that al year end the reputation arKI finarK1 inlegrity ol the Charity slrong. The current financial year has broughl further challenges, as reported above, espe¢Éally Tr•rith thg rluCI10n in the Trainee numbers have exwnce(l. HoyEr. the Charity wll continue io move lon¥anJ with its &ms over the next 12 months, both éevdDping its oym prO1ts and those vthh similar &ms. Page 6
THE EMILY JORDAN FOUNDATION (A company Ilmited by gUnte8) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2021 atement of Trustees. Tesponslbllllles The Trustees (who are also the directo of the Company lor the pUryses of company lawl are responsible for preparing the Trustees, rewrt and the linaneial statements in acCOrdar wth ap1¢ab]e law and United Inorn Accounting Starxjarts ILlntted KinOM Generally Accept1 Accounkn'ng Practittel. Company law rwuir8s the Tnjstees to PTepare finan¢iJ statements for each finanual . Undttr cornpany law. the Trustees musi not approve the h"nanoal statements unless they are satrsfied that they gtve a true and lair Mèw ol Ihe state of affars of the Company and ol its incoming resources and application of resources. including Its income and expenditure. for that peri(Kl. In preparing th8s8 tinancial stalements. the Trustees are required to.. select suiiable accounting pOIleS and then aFWy theln CL>rEislenUy,' observe the methods and principles ol the chareS SORP IFRS 102}: make judgmènts and accounting estimates Ihat are reasonatle and prudent" slate whether apptA0 UK Acwjnting Stsndards IFRS 102} have b88n for1e, subjectto any mat8rial dèpartures disclosed and explained in the th"nancial statements. prepare the financi statements on thè going concem basis unless it is inaropriate to presume ihat the Company will continue in tne$s. The Twstees ar8 reswnsible for keeping adequale accounting records Ihat are sufficient to show and explan the Companvs transactions and dis¢lose *itn wsonthe wxuracy at any time the financial wsiyon of the Cofflpany and enable I1M to 8nsure that the financial statgments comply vAth the Companies Act 2006. They are also nsible lor safeguarding the assets ol the Company and here lor taking reasonable steps for the kvev8nlon and dettion of Iraud and other irwularitiBs. Approvts by order ihe members ol the board of Trustees on 22 March 2022 and signed on their trhl by: C M Jordan Page 7
THE EMILY JORDAN FOUNDATK)N (A ci)mpany limited by guarant88) INDEPENDENT EKAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2021 Independ8nt Examineffs Report to the Trustees of Tho Emlly Jordan Foundatlon (Ihe Company,) I report to the charity TrLL8lees on my examinabon of th8 axounts of the Cornpany lor the year eryJ8d 31 Ju 2021. Responslblllties and Basls of Report As th8 Trustees of th? company land (ts direclors for the purposes ot company lawl you arè resFX)nsible for thè prepa¥ation ol the accounts in accordance wtth the rVireMents ol th8 Companies Act 2006 (the 2006 ACVI. Having satrsfied myself that the accounts of the Gompany are not required to be audited uter Part 16 of the 2006 Act and ar8 8ligilJe lor independent examination, I report in r&spect of my exaw,ination of the Companls accounts carri out under seth.on 145 of the ChartDes Act 2011 Cthe 2011 Act'l. In carrwng out my examination I have followsd the Directions given by the CharTty Cowmission under $tIOn 145{51(bl of the 2011 Act. Independent Examlner's Statement I have completed my examinaknon. I confirm that no matt8rs Iwe come to my attention in connection wth ihe examination giving me cause to LEtieve: aecounling records were not W in pect of the Company as requir&J bysection 386 01 the 20 Act. or the acttjunts do r)ot attord thr Tecord5' or the accounts do not comply wth the ath)unting requirements of 5tIOn 396 01 the 2006 Act othèr than any r4uirement that the accounts give a Yrue and fair wew whh is not a matter Conside as part ot an independerrt examination., or th8 accounts have Len prepared In accorda with the methods ancl principles of the Statement ol mMencd Practic8 for accountirvJ aThJ reForting by charities [appIable to chariti&s preparing thwr accounts in accordance wth Ihe FinaneAal Reporting Standard a)lICe in the UK and Repu1le ol Ireland IFRS 10211. I hav8 no concerns and have come across no other matters in COnntiOn wth the examination io which attention shwkl be drawn in this réport in order to enable a proper utKI8rstaIg ot the accounts to b8 reached. This report is made solelyto the Companls Trusiees, as a lyyty, in acrdanCe with Part 4 of th8 Charities (Accounts and Reports) FlegutionS 2CX)8. My work has been Undertak so thai I might state to the Companls Trusloes those matters l am requir1 to state to thern in an Indepen(Ènt examiner's report and lor Th) other purpose. To tha fullest extent perrnitted by law, I do not acwt or assume responsibility to anyone other than the Company and the Companys Trustees as a Ix)dy, lor my work or for this repoTL Signed= Kory Brown Crowe U.K. LLP Charter&l knountants ack Country House Rounds Green Road (JdbLJry West Midlands B692DG ef) 1¢ Datgj: 23 March 2022 FCA Page 8
THE EMILY JORDAN FOUNDATION (A Company limited by guaranle8) STATEMETrrf OF FINANCIAL ACTNmES1fft4CORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2021 Unrestrlcted lunds Total funds 2021 Total funds 202 Incomo from: Donations and legacies CharitatAe activibes Other trading actsvityes Investments 33.645 25,126 3.292 14A32 38.517 104,711 3.80? 17,655 25,126 14,432 Total income 76.495 76.495 164,690 Expendilurè on: Raising funds CharitatAe ackn'wtie8 1.1(K) 81,395 1.100 81,395 107 147,427 Total expendlture 82.495 82.4 147,528 Net (expendlturaylrwme before nel ggins on investmgnts Nèt gains on Envements (6,000) 48898 16WO) 17,162 4.399 Net movement in lunds 42,998 21.561 Reconclllatlon of lunds: Total funds brought lorwd Net movement in lunds 683.376 42.998 683,376 661,815 21,561 Total fund5 carrjod forward 726,374 726,374 683.376 The Slatsmenl ol Financial Athwbes i1ludeS 1 gains aThJ losses rwnised in the year. The notes on pages 11 to 23 form KArt of these *rAncial statemeTrts. Page 9
THE EMILY JORDAN FOiINDATION (A company limiied by gugrgnteel REGISTERED NUMBER: I)66340 BALANCE SHEET ASAT 31 JULY 2021 2020 Nole Flxad assets Tangibl8 assets Investments 13 14 281,801 154.41S 383.417 677.621 436,220 Cuent assets Debtors Cash ai bank ancl in hand 15 28,953 27.156 29,946 249.010 56,109 278,956 Creditors= amounts falling due vmhin on8 16 (7,356) (31,800) Net rrent assets 41753 247,156 Total assets 726,374 6&9.376 Charfty funds R95tricted funds Unrestricted fuThls 18 18 726,374 683,376 Totsi fu18 n6,374 683,376 The Company was enttll&J to exemption from aL*Jn under sKllon 477 of the Companies Act 2006. The members have not lequir1 the company to obn an auditfor the yèar in question in acwrdancg with seotion 476 ot Companies Act 2006. The TrLkStees acknowl1ge their responwlylitses lor Com1ng with th8 wuirements of the Act respect to accounting records and Fy6paratKin of financial statements. The financial statements have bean prepared in accordance with the pwstons applicable to entities subject to the small compani8s r8gime. The financial statements We aFproved and aulhorised lor issue by tho Trustees on 22 March 2022 arTd gned on their t)ehaf by.. C M Jordan Page 10
THE EMILY JORDAN FOUNDATK)N IA conyny Ilmfted by gugrnntse> NOTES TO THE FINANCIAL STATEklETrrrs FOR THE YEAR ENDED 31 JULY 21r21 General information The Emily Jordan Foundation is a compavry limitj by guarantse in England, whose registered offi'ce is Valley Hi)u8o. Trimpley. Bewrjey. worcershIre, DY12 1PG. The companls regist&red numbèr 06634048 and its charity r8gistra'on numb8r is 112&382. The membèrs ol the company are th8 Trustees named on page l. In the event ef The Emity Jordan Foundation tH"ng wound up, the liability in respect of the guarantee is limtted to £1 pw member of The Emily Jordan Foundation. Ac¢ountlng pollcles 2.1 Basis ol prq>arallon of finala1 sLements The linaT)ci& statemerts have been prepared in accordance wth the Chariues SORP IFRS 1021- Accounting and Reporting by chariti.. Statement ol RMMend Praclice applicable lo charities preparing their accounts in a)rdallce wrth ttie Financ1 Reporbng Standard applicable in thè UK and Repubtic Df Iralard IFRS 102118ffecbve 1 JanLJary 2019). th8 Financia Reporting Standard aFyJicthe in the UK and RewJl of Ireland (FRS 102) aNJ the Companies Act 20L. The Emily Jordan Foundation meets the definon of a pub[ bènefit entity under FRS 102. Assets and liabilthes are inttially al historical cost or transaction value Unl otheryétse slated In the relevant accounting P1. 12 Golng nCern The Trustees have a reasonablè expectabon that the Charity has a(SBquate cash resour to continue in operationJ exk4ence tor the loreseeable future. They conlinuc to bdieve the going )ncern basis ol accounting appropriate in prepariTh3 the annual financial statements. 2.3 Fund aw)unUng General funds ar8 unr8Stricted lunts which ar8 avaFlatrAe for us8 at th8 discretion ol the Trustèes in furtherance of the general L*)jectives ot the Company and which have not beon d&%ignated for other purposes. Z4 Income l income is recognised once the Gompany has entttlernent to the income. it is probable ihal the income wll be ¢Ved and thè amount of income receivable can be moasured reliably. Grants are indud&J in the Statement ol finanual actiwties on a reNable basis. The bance 01 income received lor Swif pxjrposes but not expended during the riOd is shown in the relevant funds on Ihe Balance sheet. Where IOrne is T&eNed in advance of entillemenl of receipt, its recognttion 15 tleferred arKI in¢ludwJ in Credttors as def8rred income. Where entitlement occurs balor8 income is rENed. the income is accrued. Iwme tax recoverable in rdation to inv&stmgnt incoma i8 recognis8d at the lime th8 imiestmtrnt income is rece?. Pag811
THE EMILY JORDAN FOUNDATION (Aconwy Ilmlted by guartee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2 AcUntIng policies (ContIrd) 16 Expendltur8 Expenditure is recognisecl 0e th is a legal or COnstrtiVe otAigation to transfer OnOMiC beneff( lo a third paty, rt is pr¢)ae that a transfer of onoMiC nefits will requiied in settlement and the amount of the obivjation can be measurgJ reliably. Expendire is Classif by actiwty. The costs of each acliwty are maée up ol the totst of lt costs and shared costs. induding SLPPOrt costs involved in uerta.ng each acliwty. Direct Costs altributable to a single a¢trvity are dlo¢ated directly to that activity. Shar1 costs which contritrle to more than one actiwty arKI support costs which arè not attributable tr) a singb a¢tivtty are awOrbop tWeen those actsirities on a basis consistent with the use ol resources. Central slafl costs are allocat on the basis ol time spenl, and depreciaknon charges allocated on the ty)niw ot Ihe asseys use. EXperitU on raising fvrKls includes all expenditure incurrecl by the Company lo r&se lunck IDr its charitsble purposes and indL¥Jes costs of &1 fundrarsing activities events and non-charitable trading. Experlture on chabitable actiwb.es incurred on dirth undertaking the activitses whKh further the Company's objectives, as well as any associat&l support costs. Grants payaNg are charged in the yBar wh8n the off8r is made exrEpt in those cases where the offer is conditional, such grants bwng reC(NJniS as expenditure when th8 conditions attaching are lullilled. Grants offer&Y subj1 lo conditions whh have not been met at the year end are noted as a commitment. bLrt aeerued as exKÈrKliture. Atl expgrKlir9 is irKtusive of IrrVeraa VAT. 2.6 Interest recelvable Interest on luntts hekj on detxNt i8 includ1 when receivable and Ihe amount can be measured reliably by the Company., this nomially ukx)n notificaiion ol the interest pd or payabl8 by th8 instrtution th whom the funds are dep)sile(l. 2.7 Tangible fixed assets and deweclthn Tangible ffixgd assets are in[b.lY rwnised at COSL After rognib"0n, vrer the cost model. tangible fixed assets are measured at cost less accumulated dePrlation and arry accumulated impairment losses. Al costs Incurr to bring a tangible fix asset into its intended woth.ng condition should be induded in th8 measurement of cosL Defxeciation is charged so as io allctate the cost ol langitrAe fixed assets less their r&sal value over thoir estmate(5 LL%elul lives. using the gtmght-line method. Deprlation is promded on the fiAlo%n9 b$. Freehold property Plant arKI machinèry Motor vehides Fixlures and fttb'Th 4% straight line 11rA straight line 25% rucIng balance 8tr&ght line Page12
THE EMILY JORDAN FOUNDATION (A coryany Ilmited by guwantee) NOTES TO THE FINANCIAL STATEMEKts FOR THE YEAR ENDED 31 JULY 2021 Accountlng pollcles {continued) 2A Investm8nts Fixed asset investments are a lom of financial instrument and are initially recognised al their transath'on cost and subwuenuy measured al lair value at the Balance sheet date. unless the value cant me&Suj relithy in which case it is measured at cost less irnpairment. Investment gains and losses. whether realised or unreaised. are com1n an¢J plnted a5 'GainsJlLDssesl on inv8Stments' in the Statement ol fina1 athitias. Investments in subgdiaries are VU&l at cost less wmsion lor impwmient 2.9 Hnanclal InstrUnnts Debtors Short term debtors are measured at transacb.on pric. less any ifflpairment. CTeditQTS Short temi ¢[tOrS are measured at transaction price. Cash Cash k8 rg)resgnted oy cash in ha1 and deFY)sits vth ffinanaai instittrtlons repayable withoLrt penalty on notice of nol more than 24 hours. There are no Gomplex tinaW instruments. 110Agency arragemenls The charrty worked In partllW5hip the Emity Jordan Foundation Projects Ltd in acting as aga for Dudlèy Council to purchase some assets on their tr*half. Thi£ income and oxpondilure is excludeé from th& InMe anLI experKlrture ol the charity and any balanS due from or held on behalf ol Dudl8y Coun1 ar& 8xduded from the baanc& sheet and reported separately in the notes lo the finan¢ial statements. 111 Role of von1¢erS The charity relies on its volurrteers. The impact of these volunteers is noi reflected in tho accounts. Income from donations and legaws Unr8stricted funds 2021 Total funds 2021 Total funds 2020 Donations Grants other incoming resources 32.375 750 520 32J75 750 13,517 25.000 &3,645 38.517 Page 13
THE EMILY JORDAN FOUNDATION (A company fimile(I by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 221 Income Irom donations legacies (Clxrtind> Income from ¢PAritable actlvliles Unre5trlcled lunds Total funds Total funds 2020 Contributions lo care service ContNt)utsons tLI managemerrt cos 13,686 11.440 11686 11N40 100,091 4,620 25,126 25,126 104,711 Income from other Iradlng activltles Income from fundralalng events Unrestrlctad funds Total funds 2020 fund$ 121 Fundraising events 100 Club Gener tundrai8ing 95 1.675 2.030 51 3.170 3.170 3,265 3.759 Income from non chari1th8 tradlng activits Unregtrict•J lunds Total nds 2021 Total funds 2020 Merchandise saes 27 27 48 Page 14
THE EUILYJORDAN FOUNDATION (A company limited by guayanfre) NOTES TO THE FWANCIAL sfATEMENTS FOR THE YEAR ENDED 31 JULY 2021 Inveslmenl income Unresirfcted funds 2021 Total fvnds Totsi funds 2020 Rèntal income 14.4 14,4 16.800 855 Interest on cash deFS1 14.432 14.432 17.655 Expendlture on raising lunds Costs ol raising voluntary incom Unyestrlcted funds Total funds 2021 Total funds Fundraising events 100 Club Piizes Just Giving fees {473) 400 Y80 1.100 1.100 1.100 107 Paga15
THE EIIILY JORDAN FOUNDATION (A ¢onygny Ilm11 by guaran1) NOTES TO THE F*4ANCIAL STATEPAEKrs FOR THE YEAR ENDED 31 JULY 2021 Anaiysls of grants Grants to Instltutlons Total Total funds 2020 2021 Grants 28.OLMJ o(A) A grdnl of £28,00012020.' NIL) was paKI The EmllyJordan FOUa1}Dn Projects Limited during the Anatyg1$ of expendlture by activhiès Grant undertaken funding of dlie¢tly actl¥ltlès 2021 pport Total funds Total fvtr7ds 2020 20 Charttable actiwbes 28,000 49,331 81395 147,421 Tot212020 56.873 747,421 Page 16
THE EMILY JORDAN FOUNDATION (A company Ilmlled by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 Analysls ol expenditure by actlvltks {cOnrAl) Anatysis of dlyect $ts Totsi funds 2021 Totsl funds 2020 Ivities Wages recharge from Spokes Goods for Premises exp8ns8S Jusl Giwng lees 88,134 2,474 1.979 1.979 1,905 180 4.064 4.064 90,608 Anatysls of support ¢osts Total lunds 2021 Total funds 2020 Activities Dapreciation Repairs and maintenan Tdephone Website and computer costs Ath8rtissng Renl and SeiCe Charge Ratas and Util&8 InsuranGe Travel and molor costs Printing. postage and 5tatior 8ank charges &Jndries 14280 5,468 1.203 3.579 390 1.806 5,518 1.030 379 589 14280 12.430 2.568 1.043 1.783 3. 144 5,918 875 119 500 261 1,806 5,518 1,030 379 589 469 1,138 2AOO 3.297 7.685 1.138 2,S)O 3,297 ountancy Consultancy Management charge 2,000 23,185 49,331 49,331 56,873 Page17
THE EMILY JORDAN FOUNDATION (A wnpany limiled by guarante8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 10. Independent exAminefs renneratIon 2020 Fees payable to the compan in(pernlent examin8r lor the itKndent examinab.on ot the Companls annu axounts 1,750 2,000 11. 2021 2020 Wages and sdaries- Thargj 88. 134 88,134 The av8rage numtr of POTsorE emplowj ty Ihe CompanyduriNJ the year was as lollows.. No employee re1Ved romuneration amounttng to more than £60,000 in etther year. The charity has rKJ employees. The wage costs shown in the accounts have been recharged from Spokes CIC to reflect the eEement of the 9jps0rS wage costs ILJnd8d via thè contrili0nS re1Ved by thg charty- The kpy management of the charity corrists ol the Trustees and Ruth Krivosic Ichiel Executive Officerl. The total remunaration Pa to the key management petsonnel was £5.672 (2020 - £23,183). as consultsncyfees_ Ruth Krivtisic s0 Charged consutsncyfeeg kn Spokes CIC. a llY ¢)wned sth'diary of Emity JOr(n Foundalirin, lor £75.797 (bJring 2021. 12. Tn. rernuneratlon and expenses Ouring the year, no Trustees any rwnuneRbon or other benefits (2020- £NI¥. During the year 31 July 2021. no Trustee expenses have in¢urred (2020- £NILJ. Page 18
THE EMILY JORDAN FOUNDATION IAt4>nyny Ilmlled by guarantee) NOTES TO THE FINANCIAL STATEUEKrs FOR THE YEAR ENDED 31 JULY 2021 13. Tanglble fixEd as8el$ Freehold Plant and property machinery klotor Fixtures and vehlcles fittlngs Total Cost or valuatlon At 1 Augusl 2020 Aikjttions 10. 50.300 2.995 429,375 26,683 21 09 At 31 JUSY 2021 13.187 21,IM]9 53295 456.058 Dye¢iatlon At 1 August 2020 Charge tor the year 101.3>2 9.212 147.5T4 14,280 1.751 1265 At 31 Juty 2021 110344 1,751 45.631 161,854 Net book value At 31 Juty 2021 19258 294.204 At 31 JUty0 267.235 7.&72 281,801 Page 19
THE EMILY JORDAN FOUNDATION (A company Ilmitwj by guararteg} NOTES TO THE FINANCIAL STATEAIENTS FOR THE YEAR ENDED 31 JULY 21 14. Flxed asset investments Investments In bsldlary Unllst8d companles investment$ Total Cost or valuation At 1 August 2020 AdditiDns Re¥uatiOnS 154,399 180.000 48,998 15U19 le0.)0 48,998 At 31 July 2021 383W7 383,417 N8t book value Al 31 July 2021 383.397 383,417 Ar31 July2020 20 154.399 154,419 Princlpal subsidlarie¥ The followtng was a subshjiary lerta1(1n9 of the Compaw. Name Company Registered office or prlnclpal Cla$8 of number Pla of business shorgs Holdlng ste$ CIC J134 Val* House, Trimpley, 8ewcW, Ordinary Worcestershire, DY12 IPG The financial results ol the subsKliary for the year were: Name 100% Incom8 Expendlture N8t $81S Spokes CIG 389m6 (414A791 18,307 Page 20
THE EMILY JORDAN FOUNDATION (A conyany Ilmiled by guarnnteel NOTES TO THE HNANCiAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 15. Dobtors 2rJ21 2020 Due withln one year Trdde debtors Amounl duo from subsidiary undertaking8 Prepayments and arUed income 24,064 26,308 28,953 29,946 16. Creditors: Amounts falllng wllhln one 2020 Trade craJiu)rs Other taxalion arKI secuty AOUnt due lo related unéerlakin9S Accruas and deferred income 1,823 1.175 2,471 1M67 201 1,052 28,547 2,000 31,800 17. Finanelal Instruments Flnancial assets Financial assets measured al Ir value through income arKI expenditu 41073 403.429 Financid assets measurgj at fair value through irwme and exFenditure comprise unlisted iTwestmenls and cash al bank. Page 21
THE EPAILY JORDAN FOUNDATJON (A company Ilmited by gu¥antse) NOTES TO THE FJNANCIAL sfATEMENTS FOR THE YEAR ENDED 31 JULY 2021 18. Statement ol funds Statement of funds- current y Balance at 1 gust 2tr20 Galn@ Balancè #t (Lo$8e3) 31 July 2021 Income Expandlturo Unre8trided funds Reserves 683,376 (82,495) 48.998 726W4 Stslement of funds- prlor year Balan al l Augusl 2019 Gainsj Balance ai Income pdVre (Lossgs) 31 July2020 Unrestficted fvnd$ General Funds 681,815 164,690 r147.528J 4,399 683.376 19. Analysls ol net assets b8tween furKIs Analysis of net assets belween funds. curront Unrostrlcted funds 2021 Total funds 221 Tangible fixed assets Fixed asset inveslm&rrt5 Current assets Cr&litors due wthin one year 294.204 383,417 S3,8 (4,8851 294,204 3B3,417 53ffj38 {4,885} Total 726,374 726,374 Page 22
THE EIAILY JORDAN FOUNDATION {A company limited by guaranloe) NOTES TO THE FINANCIAL STATEMENTS FOFI THE YEAR ENDED 31 JULY 2021 19. Analys1$ ol net assets belween fvnds {continued) Analysls of net assets between lund$- prlor ye Unrestriclgcl funds 2020 Tot81 fvnds 2020 Tangible frxed assets Fixed asset investments Current asse Creditrjts due within one year 281.801 154.419 278.956 (31,800) 281,801 154.419 278.956 (31,800) 683.376 683.37S Related party transac4ions During thè year Ihe Emity Jordan FoundatTrLTrn Lid charg1 rent lo SFX)kes GIG. a wholly Dwned subgdiary. of £14,401 12020.. £14.401). S0. giants 01 £28,(N)012020'. NIL) were paid to the Emily Jordan Foundation Projects Ltd. a ¢haiity ol vthich Christopher Jordan and David Eth8rington arè aso trustees. Included wthin debtors at the year end is an amount of £26.30812020= creditor or £28,54n owed from Spokes CIC. which relates to Ferson tAKlget irKome and consultancy. Included within crecjilors at the r énd i8 £2,471 {2020: NIL) owgj to the Emily Jordan Foundation Proi8¢ts Ltd for income received on their behalF. 21. Agency transacllons Durrng the y8ar. th8 Emity Jordan FoutNJaton Lld purchased kntchen équipment lor £11.642 in partnership th the Emily Jordan Foundat'on Pro1 Ltd on of Dudley Council. This was repaid by Dudley Council during Ihe year. No lees weTe Char lor fwlilating Ihi% arrangement. There We no amounts owed to or from the chartty al the year eThY. Page 23