Just Around the Corner (JAC) Ltd Registered charity number: 1127691 Registered company number: 6777752 Report and Financial Statements For the year ended 31[st] March 2025 ## **Our Mission Statement** _To walk alongside young people and families, showing love and acceptance according to Christian principles, encouraging brave and positive choices._ ## Just Around the Corner (JAC) Ltd _CONTENTS_ - Page 3 Legal and Administrative Information Pages 3 - 12 Report of Trustees  Memorandum and Articles  Organisation  Objects  Public Benefit and Overview of Activities  Staff and Team Leaders  Networking and Liaison with other agencies  Chairman’s Report  Development Director’s Report  Financial Review - Pages 13 - 23 Report and Accounts  Report of the Independent Examiner  Statement of Financial Activities  Balance Sheet  Notes to the Accounts 2 ## Just Around the Corner (JAC) Ltd _LEGAL AND ADMINISTRATIVE INFORMATION_ Trustees & Directors: Mr Nigel Preston (Chairperson) Mrs Jane Houghton (re-elected 12/11/2024) Mr Chris Doughty Mr Alan Crosse (Treasurer) Registered Office: Just Around the Corner Rehoboth Forest Road Wokingham RG40 5QY Telephone: 0118 944 1444 Email: info@jacoutreach.org Web: www.jacoutreach.org _REPORT OF THE TRUSTEES FOR THE YEAR END 31ST MARCH 2025_ _The trustees are pleased to present their report together with the financial statements of the charity for the year-end 31st March 2025._ The legal and administrative information set out on page 3 forms part of this report where the members of the Board of Trustees of the Charity during the year ended 31 March 2025 are shown. All the directors of the company are also trustees of the Charity, and their responsibilities include all the responsibilities of directors under the Companies Act and the trustees under the Charities Act. The financial statements have been prepared in accordance with the accounting policies set out in Independent Examiner’s report and comply with the Charity’s Memorandum and Articles, current statutory requirements and the Statement of Recommended Practice – Accounting and Reporting by Charities. _MEMORANDUM AND ARTICLES_ Just Around the Corner (JAC), Charity No. 1127691, Company No. 6777752, was set up as a private company limited by guarantee under Memorandum and Articles of Association dated 21 December 2008. On 1 April 2009 all assets of Just Around the Corner, charity number 1072600 which was set up under a constitution dated 21st January 1998 and amended on 22nd November 2004, were transferred to Just Around the Corner (JAC) Ltd. 3 ## Just Around the Corner (JAC) Ltd _ORGANISATION_ The trustees who have served during the year are set out on page 3. Trustees are appointed and elected at the Annual General Meeting. One third of the trustees must retire at each AGM, after which they may be reappointed or re-elected. Those wishing to stand as a trustee must declare his/her intention to do so to the trustees before the AGM. The trustees meet at least six times a year and additional meetings held to pray and review the ongoing strategy of the charity. The trustees appoint a Development Director to run the Charity on a day-to-day basis. The current Development Director is Sam Milligan. _OBJECTS_ The Objects are to provide a first point of contact to the youth living within the Berkshire area to raise the awareness of alcohol, drug and substance abuse and general wellbeing and to challenge their social attitudes based on Christian values and ethics by all charitable means, including the following: - a) by the provision of teams of people and/or mobile facilities as a safe meeting and listening place. b) through providing education and information. c) through liaising and co-operating with other youth organisations and agencies; and d) through involvement with other local youth council initiatives. _PUBLIC BENEFIT & OVERVIEW OF ACTIVITIES FOR YEAR ENDING MARCH 2025_ In following our objectives and planning our activities, the trustees have considered the Charity Commissions guidance on public benefit. We can report that JAC provides a public benefit to the youth in Berkshire mainly in the age range of 8 – 25 by providing the following activities in the year ending March 2025. REFERRED SESSIONS (Referral into our services for therapeutic and mentoring sessions are received from schools, parents, social services, children’s services, and SEN) On average there are over 70 children/young people attending sessions each week at Rehoboth for therapeutic and mentoring sessions of typical length of 1 – 2 hours per day per week. Each placement is reviewed at the end of term and a decision made in conjunction with the referrer to cease or re-book for another term. No of Young People per week: Summer Term: 79 x 12 weeks Autumn Term: 64 x 12 weeks Spring Term: 70 x 12 weeks 4 ## Just Around the Corner (JAC) Ltd The primary and secondary needs referred into JAC for this year is shown in the Chart below. **----- Start of picture text -----**
Primary Needs Secondary Needs
**----- End of picture text -----**
SCHOOL WORK (Working in local schools delivering mentoring in 1:1 and group work settings) No of sessions in the year: 332 No of contacts in the year: 349 RIDING LESSONS No of lessons in the year: 356 EDUCATION (Certificate and Diploma qualifications in Horse Care or Animal Welfare) During 2024/25 there were 12 post-16 students on SEN education placements. JAC IN A BOX Young people on placement or work experience: 78 _STAFF AND TEAM LEADERS_ Sam Milligan – Development Director and Eden Leader Yvonne Milligan – Operations Director and Eden Leader Chris Doughty – Earley Schools Team Leader Naomi Gardner – Operations Manager and Stables Manager Trudi Eisner – Equine/AAL Mentor Jess Revell – Stable Groom & Mentor Caron Barker – Stable Hand Katie Hawkes – EAL Mentor & Animal Welfare Course Coordinator (left December 2024) Clare Haley – Pottery Mentor & Team Leader Sam Prince – Mentor and Permaculture Assistant Claire Shepherd – Art Mentor (left August 2024) Sharon Bailey – JAC in a Box Shop Manager Shayne Heath – JAC in a Box Shop Assistant Manager Eva Norman – Receptionist/Admin Hannah Robinson – Receptionist/Admin 5 ## Just Around the Corner (JAC) Ltd Steve Phillippo – Referrals & Office Manager Adelle Milligan – Post 16 Learning Mentor Rachel Hogg - Mentor (from April 2024) Lily May Woods – Mentor (from May 2024) Charlotte Irving – SEN Coordinator (from June 2024) Jenny Barton – Level 3 Apprentice (June 2024-February 2025) Suranne Jackson – Stable Hand (from November 2024) Lucy King – Stable Hand (from December 2024) Helen Leviss –Post 16 Learning Mentor/NVQ Coordinator (from January 2025) Haidee Scrutton – Stable Hand/ Small Animal helper (from January 2025) Victoria Wilson- JAC in a Box Saturday Assistant Supervisor (from February 2025) Alan Crosse – Accounts (Volunteer) And a bank of volunteers in the schools’ team, detached team, and Rehoboth team. JAC is extremely grateful for the on-going work and commitment of its staff and volunteers. During 2024/25 volunteers have contributed over **5800 hours** of voluntary mentoring, stables & gardening and back-office support, valued at over **£116,000** based on the median gross hourly rate for full-time workers of £20 per hour. An additional 26,500 hours of paid employment means JAC has been able to meet its objectives and provide a valued service to the community. _NETWORKING AND LIAISON WITH OTHER AGENCIES_ JAC values networking with other agencies taking an active role in community and strategic planning and partnership. Partnership working with Social Care and SEND in Wokingham, Bracknell and Reading continues to grow as JAC is a recognised and valued Alternative Provision for children and young people with additional needs and Post 16 provision. Likewise, good relationships with schools and parents continue to develop as JAC provides support through services at Rehoboth and the JAC in a Box shop. JAC continues to work with churches, voluntary and statutory agencies, and community groups for the well-being of our children and young people. _CHAIRMAN’S REPORT, NIGEL PRESTON_ In writing this, I’m looking back at another busy, challenging but “successful” year. I then ask myself what success looks like for JAC? It seems to me that it’s not about being busy in itself, although it’s been that, nor is about increasing financial turnover, but that has been achieved; it has to be about the positive impact we are able to make in young people’s lives. Wherever I look across the range of JAC activities we can see lives changed for the better, sometimes it’s only what appear tiny increments, maybe being able to face being on site for a few more hours a week, but these can be huge steps for the young person to take. It’s these things that make all the effort put in by our wonderful staff and volunteers so worthwhile. In saying the year has been busy, you only need to look at the statistics relating to the numbers of young people referred to us each term, or the number of those on work placement in our shop JAC IN A BOX, to appreciate that we are very full the majority of the time. I do have to say what a great opportunity the shop offers to the young people training there, so many basic skills being learnt and awards achieved. I also love the innovation going on there, with 6 ## Just Around the Corner (JAC) Ltd new ways to “market” the donations, from web sites and the local sales room, to special Saturday sales. JAC is very much a family, we are always sad to see staff move on and we wish them well, but often significant gaps then need to be filled, and these can become some of our biggest challenges. As a Christian based charity, we do look to God to lead and provide, and happily we have been able to welcome new staff to both fill gaps and expand our range of activities. Our main site at Rehoboth continues to be a hive of activity, literally in terms of the bees Sam now keeps at the bottom of the fields. Have you tried our lovely honey or other bee related products? I am happy that this has been another good year financially, not only are we able to cover our growing costs but we have ended once more with a small surplus that we are able to invest in training our staff and also in our facilities. In discussing the surplus from the previous year the need for someone or something called a “horse walker” was agreed; it turns out that this is a rather large circular building not someone with a lead! This is currently being assembled and will ease the pressure of exercising those fundamental assets, our horses. It is so encouraging to be able to continue the development of Rehoboth. Being so busy also means we are operating at capacity, with further young people whose needs sadly we are unable meet. Thus, we are now beginning to seriously explore options to expand to a second site, and one that we own rather than lease, with the uncertainty this brings. This will be a significant step of faith for both the directors and the trustees, and in closing my report I would ask you to join us in praying that we’ll find the right site and access the considerable resources that will be necessary. Finally, let me thank all those who continue to support us in all sorts of ways and assure that we remain committed to our mission statement of: “Walking alongside young people and families, showing love and acceptance according to Christian principles, encouraging brave and positive choices”. _DEVELOPMENT DIRECTOR REPORT, SAM MILLIGAN_ This year has been another period of growth and encouragement for the charity. We are pleased to report positive developments across our programmes, alongside an increasing demand for our Post16 SEN education provision. A key focus continues to be the need for additional space. While we are thankful for the land and facilities currently available at Rehoboth, the growth of our work means that further land will be essential to meet the needs ahead. This is particularly relevant as some of our horses are now reaching semi-retirement/retirement age, which will require not only additional horses but also the space to accommodate them. We hold on to the words of Isaiah 54:2–3, which inspire us to look with faith toward expansion: _“Enlarge the site of your tent [to make room for more children]; stretch out the curtains of your dwellings, do not spare them; lengthen your tent ropes and make your pegs [stakes] firm [in the ground]. For you will spread out to the right and to the left; and your descendants will take possession of nations and will inhabit deserted cities.”_ We are grateful for the appointment of nine new staff members this year. Their skills and dedication have strengthened the team and will enable us to extend our capacity. This has allowed us to continue delivering meaningful opportunities for young people and families, while preparing for future growth. 7 ## Just Around the Corner (JAC) Ltd Our Post-16 programme has grown from 8 to 12 students, reflecting the rising demand for provision in this area, whilst this doesn’t sound too much of an increase the fact that these students are on site on a full timetable means the actual hours of provision have increased greatly. Mentoring sessions have ensured consistent and reliable support for young people who benefit from regular one-to-one and small group guidance even with changes in staff and an ever-growing need for more space to accommodate these sessions which has somewhat limited growth this year. As we respond to these developments, we are reminded of the encouragement in Matthew 7:7–8 to “keep on asking, seeking, and knocking,” trusting that provision will come in due time. We also recognise the importance of deepening our partnership with schools and the local authorities, in particular the SEN departments, and are working towards closer collaboration. These relationships will be vital in strengthening the impact of our services and ensuring that provision remains relevant to the needs of our community. Looking ahead, we continue step by step, moving forward with what we have, while remaining prayerful and expectant for the resources needed to expand. As a song we often sing reminds us: _“Little by little we’re taking ground, every prayer a powerful weapon.”_ It remains a privilege to serve our community in this way, bringing hope, encouragement, and opportunity to young people and their families. We give thanks for the faithfulness of God, the support of our partners, and the dedication of all who contribute to this vision. In particular, we want to acknowledge our trustees, staff, and volunteers, whose hard work, wisdom, and commitment make this mission possible. _FINANCIAL REVIEW_ The following is list of financial supporters and others who donated materials and services in the year. Along with those listed there is a vast number of individuals who have donated regularly or by a one-off gift through the JACPot giving scheme. Thank you! Sing Healthy Wokingham Lions Rotary Club of Reading The David Brownlow Trust Rotary Club of Maiden Erlegh Enterprise Mobility Short & Wells Trust Medlock Electrical Distributors Hurst Show & Country Fayre Kiriath Trust Carita Wings Charity PWC Foundation Oak Tree Garden Centre ## **Regular and One-Off Donations Churches** Brookside Church Emmanuel Church Centre, Woodley Finch & California Parish St James Church Woodley Mission Support St Sebastian Church St John’s Church, Woodley Norrey’s Emmanuel Trust 8 ## Just Around the Corner (JAC) Ltd **Materials & Services for Rehoboth donated by** Ashridge Garden Centre Nigel Perkins N Marshall Medlock Electrical Distributors Rotary Club of Reading & Maiden Erlegh Woodland Trust Sheeplands Garden Centre ## **Company Community Enrichment Days** Thames Water PWC Carbonxygen BMW TekSystems _INCOMING RESOURCES_ The bulk of incoming resources were used to cover the cost of delivering 1:1 and group sessions and Post 16 alternative provision. The grounds of Rehoboth continue to be developed and improved with the help of volunteer labour. The development plans for the admin loft space and new reception area are expected to be started in the up-coming summer holidays, and the small animal enclosure and workshops are almost complete. A general breakdown of income shows five main funding streams – |JACPot
11.9% of total general income
The JACPot funding initiative supports the general work of JAC
and to enable expansion of work with a distinctively Christian
emphasis. The JACPot consists of regular monthly income and
one-off donations from churches and individuals. £87,278 was
received through the JACPot fund showing a £17,413 decrease
on the previous year, mainly due to a decrease in one-off gifts,
however, the previous year included a substantial gift from one
individual towards thepurchase of the marquee.|JACPot
11.9% of total general income
The JACPot funding initiative supports the general work of JAC
and to enable expansion of work with a distinctively Christian
emphasis. The JACPot consists of regular monthly income and
one-off donations from churches and individuals. £87,278 was
received through the JACPot fund showing a £17,413 decrease
on the previous year, mainly due to a decrease in one-off gifts,
however, the previous year included a substantial gift from one
individual towards thepurchase of the marquee.| |---|---| |Grants, Trusts and Companies
3% of total general income
There was Grant, Trusts and Companies income of £21,804
compared to £9,500 the previous year, this included a specific
grant for the JAC in a Box shop, the rest was smaller donations
from companies towards the work at Rehoboth. This funding
stream is generated through fundraising efforts of the local
community and grant applications; it is sometimes restricted for
a specific piece of work– there is no guarantee that this income
will be secured fromyear toyear.|| |Project work
81.7% of total general income
Project work income comes from ‘paid for services’ to schools
and statutory organisations, one-off project grants related to our
Equine and Small Animal Assisted Learning project and Rehoboth
activities. Income for project work was £598,891 compared to
£484,785 in the previous year, an increase of 23%. This is mainly
due to an increase in Post 16 SENplacements.|| |Fundraising
Events & other Income
3.3% of totalgeneral income|£24,196 generated from rental income, bank interest,
fundraising events and other activities showing a small increase
on thepreviousyear’s £23,118.| 9 ## Just Around the Corner (JAC) Ltd _RESOURCES INCOME AND EXPENDITURE_ This year ended on 31 March 2025 expenditure was £678,109 an increase of 21%. Incoming resources for the year were £733,669 an increase of 17.9% on the previous year. _EXPECTATIONS AND PROJECTIONS_ Project Work income from referrals and other activities shows an increase of 23% on last year reflecting an increased intake of post-16 SEN placements and mentoring sessions. Our specialist post-16 education programmes in Horse Care, Animal Welfare and Personal Progress continue to be a great resource to the local authority seeking to place SEN students who have reached the end of year 11 but struggle to access mainstream further education services. There is a high demand for our limited spaces, we are very pleased we were able to offer these courses to 11 students and one to a year 11 student via a school placement. As always, we need more mentors to run more sessional work, the demand continues to increase as is evident on our waiting list, but we are limited by the number of mentors and space on site for sessions to run. We continue to need more subscribers to our JACPot giving scheme to help cover core costs and to increase our bursary fund to help families who want to self-refer. The Journey to Independence House continues to provide a young family who moved in at the end of 2019 with a safe and stable home environment for mum and 2 young children. The projections for 2025/26 show an operating income of £831k with operating expenditure of £778k. _KEY RISKS_ The key risk factors for the Charity would be: - A significant reduction in referrals or post-16 placements, 82% of our income comes from these placements with 42% of this from Post 16 placements alone. There is a staff cost attached to these services; therefore, the risk could be managed in part by reducing staff overheads. The preferred risk management is to continue networking to raise our profile and promote our Offer to schools and the Local Authorities, feedback successful outcomes to schools and parents and promote the excellent service we provide in bridging the gap in provision for emotional and behavioural support in schools and in the community – offering a service that is accessible to all. Continued monitoring of our pricing structure is necessary to ensure our services are covering the bulk of costs whilst still accessible to those in need. - Loss of key staff or volunteers – risk addressed by ensuring staff and volunteers feel valued, receive appropriate training and supervision, and see themselves as an integral part of building God’s Kingdom here on earth, in the event of such loss of staff, JAC’s recruitment policy recommends a re-evaluation of the situation followed by re-structuring or recruiting as necessary. Successful recruitment and training procedures of new sessional workers and volunteers are in place. 10 ## Just Around the Corner (JAC) Ltd - Potential costs arising from continued development or maintenance of the Rehoboth site that would need to be funded by JAC, management of this risk would be to ensure there are ‘earmarked funds’ for this type of expenditure and where needed a fundraising campaign to meet the cost of any large development which then only progresses when funding has been secured or pledged. - The JAC in a Box shop being unable to match income to expenditure. As the shop recruits more paid staff to ensure it can cover opening times, holidays, and student mentoring, there needs to be an increase in shop donations and/or grants. - Cessation of our lease agreement which would mean looking for other property to run our services. Our existing lease has very good terms, therefore any move would be costly due to high price of land and building costs. The Charity has started to invest surplus funds into a ‘Property Fund’. _RESERVES POLICY_ It is the policy of the charity to maintain unrestricted free (General) reserves, those funds not tied up in fixed assets, designated or restricted funds, at a level equivalent to six months normal expenditure. This would allow JAC to continue to operate in periods when grants or other funding is not available. Our current level of normal outgoings (excluding restricted expenditure and depreciation) is £318,004 per six months. On 31st March 2025 our unrestricted general reserves are £446,426, meeting our reserve target, any part of this surplus that arises from supply of education, research, or vocational training will be used solely for the continuation or improvement of such supplies. The trustees are satisfied that the Charity’s reserves are available and adequate to fulfil its obligations. _SHARE CAPITAL_ The company is limited by guarantee and therefore has no share capital. _TRUSTEE INDEMNITY COVER_ Trustee indemnity insurance cover is provided by the Ansvar Commercial Combined Insurance policy. _DISCLOSURE OF INFORMATION_ Each of the trustees at the time when this report is approved has confirmed that: 11 ## Just Around the Corner (JAC) Ltd - so far as he/she is aware, there is no relevant audit information of which the Charity's independent examiner is unaware, and - that he/she has taken all the steps that ought to have been taken as a trustee to be aware of any information needed by the Independent Examiner in connection with preparing his/her report and to establish that the independent examiner is aware of that information. _INDEPENDENT EXAMINER_ A resolution proposing the re-appointment of Nigel Gough as independent examiner of the Charity’s accounts and associated matters was agreed at the Annual General Meeting on 12 November 2024. _TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS_ Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity at the year end and of its incoming resources and resources expended during that year. In preparing those financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently. - Make judgements and estimates that are reasonable and prudent. - State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. _METHOD OF PREPARATION OF ACCOUNTS_ These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. Approved by the trustees and signed on their behalf by: ## Nigel Preston _______________________ Signed: Nigel Preston (Chairperson) Date: 11 November 2025 12 Just Around the Corner (JAC) Ltd Registered number 6777752 Just Around the Corner (JAC) Report and Accounts 31 March 2025 13 Just Around the Corner (JAC) Ltd ## **Report of the Independent Examiner** ## **To the trustees of Just Around the Corner (JAC)** I report on the accounts of the Charity Company for the year ended 31 March 2025, which are set out on pages 13 to 23. **Responsibilities and basis of report** As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. **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** The company’s gross income exceeded £250,000 and I am qualified to undertake the **statement** examination by being a qualified member of Chartered Institute of Management Accountants.. I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that: • accounting records were not kept in accordance with section 386 of the Companies Act 2006; or • the accounts do not accord with such records; or - the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or •the accounts have not been prepared in accordance with the Charities SORP (FRS102). ## Nigel Gough Signed: Nigel Gough ACMA Date: 31 October 2025 14 Just Around the Corner (JAC) Ltd ## **Just Around the Corner(JAC) Statement of Financial Activities for the year ended 31 March 2025** ||**Notes**||||**2025**||**2024**| |---|---|---|---|---|---|---|---| |||**Unrestricted**||**Restricted**||**Total**|| |||**funds**|||**funds**|**funds**|| |||**£**|||**£**|**£**|**£**| |Incoming resources from generating funds|||||||| |- Voluntary income|2|110,582|||-|**110,582**|114,241| |- Investment income|2|5,022|||-|**5,022**|4,261| |Income from fundraising events|2|50|||-|**50**|| |Incoming resources from charitable activities|2|598,891|||-|**598,891**|484,785| |Other incoming resources
**Total incoming resources**|2|19,124
733,669
~~——————_~~|~~F~~||-
-|**19,124**
**733,669**
~~EE~~|18,857
622,144
~~EE~~| |||||||**-**|-| |**Resources expended**|||||||| |Charitable activities|3|677,331|||-|**677,331**|559,534| |Governance costs|3|778|||-|**778**|552| |**Total resources used**||678,109|||-|**678,109**|560,086| ||||||||| |**Net incoming/(outgoing) resources before transfers**|**Net incoming/(outgoing) resources before transfers**|55,560|||-|**55,560**|62,058| |Transfers between funds||-|||-|**-**|-| |**Net movement in funds for the year**|3|55,560|||-|**55,560**|62,058| |Balances brought forward at 1st April 2024||667,004|||-|**667,004**|604,946| |Balances carried forward at 31st March 2025||722,564|||-|**722,564**|667,004| See Note 13 for Prior Year Statement of Financial Activities 15 Just Around the Corner (JAC) Ltd ## **Just Around the Corner(JAC) Balance Sheet as at 31 March 2025** ||**Notes**|**Notes**||**2025**|**2024**| |---|---|---|---|---|---| |||||**£**|**£**| |**Fixed assets**|||||| |Tangible assets||5||407,182|415,324| |**Current assets**|||||| |Debtors||6|67,977||24,289| |Cash at bank and in hand|||425,481||360,020| ||||493,458||384,309| |Creditors: amounts falling due|||||| |within one year||7|(176,409)||(120,962)| |**Net current assets**||||317,049|263,347| |**Total assets less current**|||||| |**liabilities**||||724,231|678,671| |Creditors: amounts falling due|||||| |after one year||7||(1,667)|(11,667)| |**Net assets**||||722,564|667,004| |**Funds**|||||| |Restricted Funds|~~r~~|8||-|-| |Unrestricted Funds||9||722,564|667,004| |||||722,564|667,004| For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006 The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. Approved by the trustees and signed on their behalf by: ## Nigel Preston ## Alan Crosse Signed: Nigel Preston (Chairperson) 11 November 2025 Signed: Alan Crosse (Treasurer) 11 November 2025 16 ## Just Around the Corner (JAC) Ltd ## **Just Around the Corner(JAC)** ## **Notes to the Accounts** **for the year ended 31 March 2025** ## **1 Accounting policies** ## _**Basis of preparation**_ The accounts have been prepared under the historical cost convention and in accordance with applicable United Kingdom Accounting Standards. ## **Recognition of incoming resources** These are included in the Statement of Financial Activities (SoFA) when: - the charity becomes entitled to the resources; - the trustees are virtually certain they will receive the resources; and - the monetary value can be measured with sufficient reliability. When donors specify that donations and grants are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable. Grants and donations to fund expenditure on construction of fixed assets have been recognised in the SOFA on receipt as restricted funds. ## **Tax reclaims on donations and gifts** Incoming resources from tax reclaims are included in the Statement of Financial Activity at the same time as the gift to which they relate. ## **Investment income** This is included in the accounts when receivable. ## **Resources expended** Resources expended are included in the Statement of Financial Actiities on an accruals basis, inclusive of any VAT, which cannot be recovered. All expenditure has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to a particular heading they have been allocated on a basis consistent with use of the resources. Salary costs included within the cost of charitable activities have not been allocated to either Fund Generating or Governance costs. Recognising that some time is spent on these activities, the vast majority of staff time is spent on charitable activities, and the value of time that might be allocated elsewhere is not material. ## **Tangible fixed assets and depreciation** Tangible fixed assets costing more than £500 are capitalised and shown at cost. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |Leasehold Buildings|- 10 years| |---|---| |Motor vehicles|- 4 years| |Fixtures and fittings|- 4 years| |Plant and machinery|- 4 years| 17 ## Just Around the Corner (JAC) Ltd ## **Just Around the Corner(JAC) Notes to the Accounts for the year ended 31 March 2025** **Fund Accounting** Funds held by the charity are either: _**Unrestricted general funds -**_ these are funds available for the use at the discretion of the trustees in furtherance to the general objectives of the charity _**Restricted funds -**_ these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose. Further explanations of the nature and purpose of each fund is included in the notes to the financial statements ## _**Pensions**_ The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |**2**|**Income Resources**|~~r~~|~~r~~||**2025**||~~v~~|~~v~~|**2024**| |---|---|---|---|---|---|---|---|---|---| ||||**Unrestricted**|**Restricted**|||||| ||||**funds**|**funds**||**Total funds**|||| ||||**£**|**£**||**£**|||**£**| ||**Voluntary Income**||||||||| ||JacPot||||||||| ||Regular giving||||||||| ||Individuals||26,576|-||26,576|||28,951| ||Churches||5,198|**-**||5,198|||4,694| ||Trusts||1,200|**-**||1,200|||1,200| ||One Off Gifts||||||||| ||Individuals||53,254|-||53,254|||68,758| ||Churches||1,050|-||1,050|||1,088| ||||87,278|||87,278|||104,691| ||Companies/Trusts||21,804|-||21,804|||9,550| ||Other Donations||-|-||-|||| ||Grants||1,500|-||1,500|||| ||||110,582|||110,582|||114,241| ||**Activities for Generating Funds**||||||||| ||Fundraising Events||50|||50|||**-**| ||**Investment Income**||||||||| ||Bank interest received||5,022|**-**||5,022|||4,261| ||**Incoming Resources from charitable activities**||**Incoming Resources from charitable activities**||||||| ||Service Agreements|||-||-|||| ||Project & other work||598,891|-||598,891|||484,785| ||||598,891|||598,891|||484,785| ||Other income||19,124|-||19,124|||18,857| ||||733,669|-||733,669|||622,144| See Note 11 for Prior Year Incoming Resources 18 ## Just Around the Corner (JAC) Ltd **Just Around the Corner(JAC) Notes to the Accounts for the year ended 31 March 2025** ## **3 Resources used** |**Resources used**|||**2025**||**2024**| |---|---|---|---|---|---| ||**Unrestricted**|**Restricted**||**Total funds**|**Total funds**| ||**£**|**£**||**£**|**£**| |**_Charitable activities_**|||||| |Direct salaries, NI and pension|379,204|-||379,204|317,384| |Vehicles:|||||| |Insurance|2,731|**-**||2,731|2,092| |Running costs|2,278|-||2,278|2,869| |Depreciation|6,857|||6,857|-| |Activity costs|||||| |Costs of activities|98,277|-||98,277|67,381| |Consumables|7,170|-||7,170|6,271| |Equipment costing less than £500|5,228|-||5,228|8,030| |Food, refreshment and other costs|2,527|-||2,527|3,386| |Depreciation|22,779|||22,779|9,948| |Profit/Loss on disposal Fixed Assets|-||||-| |Activities for Generating Funds|-|-||-|-| |Training|1,372|-||1,372|1,379| |Insurance and licences|18,327|-||18,327|13,378| |Rent|29,100|-||29,100|26,343| |Property Depreciation|9,835|-||9,835|16,063| |Other property costs|39,634|-||39,634|28,152| |Office costs|17,099|-||17,099|18,678| |Administration|26,173|-||26,173|28,571| |Grants to other organisations|-|-||-|-| |Professional fees|7,653|-||7,653|8,171| |Bank charges and interest|1,087|**-**||1,087|1,438| ||**677,331**|**-**||**677,331**|559,534| |**_Governance costs_**|||||| |AGM and Trustee meetings|**-**|**-**|||-| |DBS checks|778|-||778|552| ||**778**|**-**||**778**|552| ||||||| |Total resources used|**678,109**|**-**||**678,109**|560,086| |Depreciation of owned fixed assets||||42,101|28,214| See Note 12 for Prior Year Incoming Resources 19 ## Just Around the Corner (JAC) Ltd ## **Just Around the Corner(JAC) Notes to the Accounts for the year ended 31 March 2025** |**4**|**Staff costs**|||||**2025**|**2024**|| |---|---|---|---|---|---|---|---|---| |||||||**£**|**£**|| ||Wages and salaries|||||373,769|318,887|| ||Social security costs|||||22,845|18,808|| ||Other pension costs|||||8,763|8,262|| |||||||405,377|345,957|| |**5**|**Tangible fixed assets**|||||||| |||||||**Fixtures**|**Assets under**|| |||**Leasehold**|**Freehold**|**Motor**|**Motor**
**Plant &**|**fittings and**|**the course of**|| |||**Buildings**|**Buildings**|**vehicles**|**machinery**|**equipment**|**construction**|**Total**| |||**£**|**£**|**£**|**£**|**£**|**£**|**£**| ||**Cost**|||||||| ||At 1 April 2024|140,104|200,000|65,200|140,046|16,758|38,120|600,228| ||Additions||||22,169|4,979|6,811|33,959| ||Transfers|44,931|||||(44,931)|-| ||Disposals/write offs|||||||-| ||At 31 March 2025|185,035|200,000|65,200|162,215|21,737|-|634,187| ||**Depreciation**|||||||| ||At 1 April 2024|101,854|12,167|17,200|41,361|12,322|-|184,904| ||Charge for the year|7,835|2,000|6,857|22,779|2,630||42,101| ||Disposals/write offs|||||||-| ||At 31 March 2025|109,689|14,167|24,057|64,140|14,952|-|227,005| ||**Net book value**|||||||| ||At 31 March 2025|75,346|185,833|41,143|98,075|6,785|-|407,182| ||At 31 March 2024|38,250|187,833|48,000|98,685|4,436|38,120|415,324| |**6**|**Debtors**|||||**2025**|**2024**|| |||||||**£**|**£**|| ||Amount due from HMRC-gift aid|||||657|2,706|| ||Trade debtors|||||50,817|13,477|| ||Prepayments and accrued income|||||16,503|8,106|| |||||||67,977|24,289|| |**7**|**Creditors:**|||||**2025**|**2024**|| ||**- Amounts falling due in one year**|||||**£**|**£**|| ||Short -Term Interest free loans|||||-|-|| ||Current portion of long term loans|||||10,000|10,000|| ||Other creditors - PAYE/NI and Pension contributions|||||12,042|6,515|| ||Accruals and deferred income|||||154,367|104,447|| |||||||176,409|120,962|| ||**- Amounts falling due after one year**|||||||| ||Long Term Loans|||||1,667|11,667|| |||||||1,667|11,667|| In May 2020 the Charity took out a "Bounce Back Loan" of £50,000 repayable over 5 years at an Interest rate of 2.5% after 12 months 20 ## Just Around the Corner (JAC) Ltd **Just Around the Corner(JAC) Notes to the Accounts for the year ended 31 March 2025** ## **8 Restricted Funds** |**Restricted Funds**|**2025**|**2024**| |---|---|---| ||**£**|**£**| |At 1 April 2024|-|-| |Net income/(outgoings)|-|-| |Transfer to Unrestricted Funds|-|-| |At 31 March 2025|-|-| |**9**|**Unrestricted Funds**|Earmarked|Rehoboth|JAC House|General||| |---|---|---|---|---|---|---|---| |||for activities|Designated|Designated|funds|**2025**|**2024**| |||**£**|**£**|**£**|**£**|**£**|**£**| ||At 1 April 2024|126,920|21,272|134,705|384,107|667,004|604,946| ||Transfer (to)/from earmarked funds|3,380||-|(3,380)|-|-| ||Transfer (to)/from restricted funds|-|-|-|-|-|-| ||Surplus/(deficit) for the year|~~oo~~|(8,139)|(2,000)|65,699|55,560|62,058| ||At 31 March 2025|130,300|13,133|132,705|446,426|722,564|667,004| The Rehoboth Designated Fund represents the Gifts received for Rehoboth which have now been used on the unrestricted asset, this fund is being reduced over the useful life of the asset. The JAC House Designated Fund represents the Gifts received for JAC House which have now been used on the unrestricted asset, this fund is being reduced over the useful life of the asset. An amount of £130,300 has been earmarked for ongoing projects. ## **10 Trustees' remuneration** No payments or expenses were paid to any other member of the Trust or person closely connected to them or related parties other than the re-imbursement of expenses incurred in respect of the charity's activities. 21 ## Just Around the Corner (JAC) Ltd ## **Just Around the Corner(JAC) Notes to the Accounts for the year ended 31 March 2025** |**11 **|**Prior Year Income Resources**|~~r~~||**2024**||~~r~~|~~r~~|**2023**| |---|---|---|---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|||||| |||**funds**|**funds**||**Total funds**|||| |||**£**|**£**||**£**|||**£**| ||**Voluntary Income**|||||||| ||JacPot|||||||| ||Regular giving|||||||| ||Individuals|28,951|-||28,951|||34,635| ||Churches|4,694|**-**||4,694|||5,394| ||Trusts|1,200|**-**||1,200|||1,417| ||One Off Gifts|||||||| ||Individuals|68,758|-||68,758|||62,620| ||Churches|1,088|-||1,088|||2,410| |||104,691|||104,691|||106,476| ||Companies/Trusts|9,550|-||9,550|||38,614| ||Other Donations||**-**|||||| ||Grants||-|||||7,500| |||114,241|||114,241|||152,590| ||**Activities for Generating Funds**|||||||| ||Fundraising Events|||||||**3,379**| ||**Investment Income**|||||||| ||Bank interest received|4,261|**-**||4,261|||744| ||**Incoming Resources from charitable activities**|||||||| ||Service Agreements|-|-||-|||| ||Project & other work|484,785|-||484,785|||453,003| |||484,785|||484,785|||453,003| ||Other income|18,857|-||18,857|||17,238| |||622,144|-||622,144|||626,954| |**12 **|**Prior Year Resources used**|||**2023**||||**2022**| |||**Unrestricted**|**Restricted**|||||| |||**funds**|**funds**||**Total funds**||**Total funds**|**Total funds**| |||**£**|**£**||**£**|||**£**| ||**_Charitable activities_**|||||||| ||Direct salaries, NI and pension|317,384|-||317,384|||279,134| ||Vehicles:|||||||| ||Insurance|2,092|**-**||2,092|||1,897| ||Running costs|2,869|-||2,869|||3,123| ||Depreciation|-||||||-| ||Activity costs|||||||| ||Costs of activities|67,381|-||67,381|||44,755| ||Consumables|6,271|-||6,271|||1,579| ||Equipment costing less than £500|8,030|-||8,030|||3,343| ||Food, refreshment and other costs|3,386|-||3,386|||2,943| ||Depreciation|9,948|||9,948|||6,677| ||Profit/Loss on disposal Fixed Assets|-|||-|||6,592| ||Activities for Generating Funds|-|-|||||-| ||Training|1,379|-||1,379|||3,540| ||Insurance and licences|13,378|-||13,378|||10,409| ||Rent|26,343|-||26,343|||23,159| ||Property Depreciation|16,063|-||16,063|||15,647| ||Other property costs|28,152|-||28,152|||19,685| ||Office costs|18,678|-||18,678|||16,166| ||Administration|28,571|-||28,571|||16,434| ||Grants to other organisations|-|-||-|||-| ||Professional fees|8,171|-||8,171|||1,746| ||Bank charges and interest|1,438|**-**||1,438|||1,460| |||**559,534**|**-**||**559,534**|||458,289| ||**_Governance costs_**|||||||| ||AGM and Trustee meetings|**-**|**-**|||||-| ||DBS checks|552|-||552|||408| |||**552**|**-**||**552**|||408| |||||||||| ||Total resources used|**560,086**|**-**||**560,086**|||458,697| ||Depreciation of owned fixed assets||||28,214|||23,642| 22 Just Around the Corner (JAC) Ltd ## **Just Around the Corner(JAC) Notes to the Accounts for the year ended 31 March 2025** ## **13 Prior Year Statement of Financial Affairs for the year ended 31 March 2024** ||**Notes**||**2024**||**2023**| |---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|**Total**|| |||**funds**|**funds**|**funds**|| |||**£**|**£**|**£**|**£**| |Incoming resources from generating funds|||||| |- Voluntary income|2|114,241||**114,241**|152,590| |- Investment income|2|4,261|-|**4,261**|744| |Income from fundraising events|2||||3,379| |Incoming resources from charitable activities|2|484,785||**484,785**|453,003| |Other incoming resources|2|18,857|-|**18,857**|17,238| |**Total incoming resources**||622,144||**622,144**|626,954| |||||**-**|-| |**Resources expended**|||||| |Charitable activities|3|559,534||**559,534**|458,289| |Governance costs|3|552|-|**552**|408| |**Total resources used**||560,086|-|**560,086**|458,697| ||||||| |**Net incoming/(outgoing) resources before transfers**|**Net incoming/(outgoing) resources before transfers**|62,058|-|**62,058**|168,257| |Transfers between funds||-|-|**-**|-| |**Net movement in funds for the year**|3|62,058|-|**62,058**|**168,257**| |Balances brought forward at 1st April 2023||604,946||**604,946**|436,689| |Balances carried forward at 31st March 2024||667,004|-|**667,004**|604,946| 23