Registered company number 06780801 Registered charity number 1129085
Jump Space Limited (A company limited by guarantee) Trustees' Report and Financial Statements
31 May 2021
## **Jump Space Limited Report and accounts Contents**
||**Page**|
|---|---|
|Charity information|1|
|Trustees' report|2|
|Independent examiners' report|14|
|Statement of financial activities|15|
|Balance sheet|16|
|Statement of cash flows|17|
|Notes to the financial statements|18|
## **Jump Space Limited Charity Information**
## **Trustees**
Danielle Jones Alun Jones Jill Jones Thomas Keen Elinor Philp Sarah Green Jodye Laxton Martin Isherwood Smith (appointed 4th January 2021)
## **Secretary**
Marie Fisher
## **Independent Examiner**
Stephanie Stevens Hobday-Stevens Limited Shaw House 1 Shaw Street Ashton-under-Lyne OL6 6QJ
## **Bankers**
The Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT
## **Solicitors**
Hale Solicitors Octagon House 8a Fir Road Bramhall Stockport SK7 2NP
**Registered office** Unit 2 Hardman Street Stockport Cheshire SK3 0BJ
## **Registered number**
06780801
**Charity number** 1129085
1
## Trustees Annual Report
## Structure, Governance and Management
## Background
Jump Space registered as an incorporated private company limited by guarantee on 29th December 2008, gaining charitable status on 8th April 2009 in England and Wales. In October 2010 the charity secured suitable premises in the Edgeley ward of Stockport to deliver it objects and aims and to develop its programme of activities. For the period from March 2020 - May 2021 Jump Space was closed except for around 10 weeks between September and November due to Covid 19 restrictions requiring the business to close. For the 10-week period of opening numbers were severely restricted following government guidelines.
As of 31st May 2021, Jump Space employed 8 members of staff. Most of the staff are focussed on delivery of the services in the gym with one full time head coach and five part time coaches and one assistant coach.
The office is run by the Chief Executive, and the head coach. Jump Space is governed by memorandums and articles of association which are lodged with the charity commission.
The management of the charity is undertaken by the board of trustees who are drawn from a wide range of professions in the local community. Trustees are appointed by the board. Where trustee positions are available the board may invite new members to join to make up the numbers, these individuals must then stand down at the next AGM and be voted on by the board. The board of trustees has been made up of eight people this year. There are no maximum numbers for the board, however the board needs a minimum of two unrelated members present to be quorate. Decisions are made by majority vote with the chair having a casting vote where required. The trustees delegate the day to day running of the charity to the Chief Executive and staff, any decisions around major expenditure (over £2500) and those which affect the operation and development of the charity are made by the board.
The major risk to the charity remains the high running costs, due to the nature of the work and support given to users staffing costs are high. As it is difficult to attain funding through grants for staffing costs this provides a challenge to fundraising. High staffing ratios are maintained in order to provide necessary support to users and to provide opportunities for parents who can often be socially isolated to access respite and social interaction with other parents.
Since March 2020 the biggest risk to the charity has been the Covid 19 epidemic. The total closure of the centre had a significant impact on the charity finances with zero income from services throughout the closure. Jump Space did benefit from the CJRS scheme and from government rates relief, which helped to support staff salaries and running costs. These schemes did not
2
provide enough resources to keep Jump Space afloat and without a successful application to the National Lottery Covid emergency Fund the charity would have folded.
Since reopening in April 2021 our sessions are still operating at reduced capacity and with increased cleaning times between sessions, this means we are incurring greater operational costs with a reduced income. We have no indication when this situation will improve as it relies on the reduction of covid restrictions and building consumer confidence that we are a safe venue.
3
## Objectives & Activities
Jump Space’s objects are to promote community participation in healthy recreation by providing a range of physical activities capable of improving physical health in an inclusive manner, enabling members to learn and develop as individuals;
and to provide and assist in providing facilities for sport, recreation or other leisure time occupation for such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances and specifically those members of the community with a disability or for the public at large in the interests of social welfare and with the object of improving their conditions of life;
and to advance the education of children and young people and to provide opportunities for them to develop their full capacities and enable them to become responsible members of society.
and to educate coaches working in a range of sports, specialising in the provision of inclusive activity.
The specific aims of the charity for this year have been: -
1. To secure funds to survive the pandemic.
2. To endeavour to keep staff employed, and to support their wellbeing through lock down.
3. To maintain contact with members throughout closure
4. To continue to invest in staff development and support the growth in staff leadership skills throughout the team.
5. To reopen Jump Space and encourage return of members.
4
## Meet the Team
Trustees
## Danielle Jones – Chair
Danielle joined the board of trustees in 2012. She became associated with the charity through her children’s participation in sessions run by Marie & Lynsey in their community based club. She has a background in Social work and is employed as a Senior Social worker for Manchester Adult Mental Health Services.
## Jill Jones – Treasurer
Jill is a Director of Floreeda Fabrications a Stockport based company. She joined the board in 2012. Her local knowledge and business background are enabling Jump Space to develop its management.
## Alun Jones - Secretary
Alun is also a director at Floreeda Fabrications. He joined the trusteed in 2012, bringing with him a wealth of business knowledge and experience.
5
## Thomas Keen- Trustee
Thomas joined the board in 2017. He has been a member of Jump Space since it opened and is studying for a master’s degree at Manchester Metropolitan University degree.
## Elinor Philp
Elinor joined the board in 2019. She is a physiotherapist. She is also a parent of an adult member of Jump Space. Elinor brings her experience of the health system and of her family journey to the board which gives the board another angle of expertise.
## Jodye Laxton
I have 15 years’ experience in supply chain and operations management. I currently work as an independent operations manager. I have a HND in Business Management and am currently studying for a Business degree. I became involved with Jump Space after looking for suitable leisure provisions for my daughter and finding many unable to cater to her needs. I became a trustee after a year of attending because I love the ethos and the company mission and am honoured to be involved in their story.
## Sarah Green
Sarah is a retired Primary Head teacher, with extensive experience of working in main stream schools with children from 3 to 11yrs old; many with complex physical, learning and emotional needs (autism, registered blind, traumatised war refugees, English as an additional language) She has been working in Care since 2012 and started to use Jump Space in 2017 with a young adult with complex communication and cognitive issues. She was invited to become a trustee in 2019 and welcomed the chance to support the innovative, person-centred and developmental work she had seen.
## Martin Isherwood Smith
Martin is a Senior Probation Officer for the National Probation Service who's son Kyan has been attending Jump Space for about 6 years. Over the years Martin and his family have really embraced Jump Space and his husband Steven is now employed as a rebound therapist and Martin also attends the adult fitness classes. Martin brings his knowledge of safeguarding through his employment as well as his experience through having a child with disabilities himself to the Jump Space trustees.
6
## Staff & Volunteers
## Marie Fisher Chief Executive Officer and Founder
Marie is the driving force behind Jump Space. With a career base in disability sports development at National level. Marie has used all her experience and expertise to develop Jump Space and is dedicated to seeing the centre grow into a community hub for the local community showcasing disability sport.
## Craig Edmondson Lead Coach & Health & Safety Manager
Craig heads up the coaching team at the centre. He joined Jump Space shortly after the centre opened, having been a volunteer coach in the past. His background in leisure and his commitment to the charity has been instrumental to its success to date.
## Lynsey McIntosh Part Time Senior Coach and Founder
Lynsey and Marie coached together for a number of years prior to establishing Jump Space. Lynsey works as a secondary school teacher, coaching at the centre on a Saturday morning.
## Nathan Prior - Coach
Nathan joined the team in September 2013. He works at the Jump Space centre as a coach. Nathan is a confident coach who has a quiet empathy with the participants he works with. He is a valued member of the coaching team.
## Ryan O’Sullivan - Coach
Ryan joined the coaching team in 2016 and is a key member of the coaching team. He is enthusiastic and knowledgeable and encourages all participants to take part and have fun.
7
## Elizabeth Adshead – Session Coach
Liz joined the coaching team in 2017. Her confidence has developed significantly over the last year as a coach. She is particularly suited to working with people with complex needs and severe impairment. She is a great asset to the team.
## Stephen Isherwood Smith - Session Coach
Stephen joined the staff after a number of years as a volunteer and parent of a member, he is continuing to grow in confidence with every session he coaches.
## Lauren Wood – Assistant Coach
Lauren is an assistant coach. Lauren has been a member of Jump Space for many years and when the opportunity arose with funding support from The Peter Kershaw Trust it was a perfect opportunity to give Lauren the opportunity to train and work in a live work environment. She has completed her level 2 Rebound training and is gaining experience under the mentorship of Craig and the other
coaches.
## Volunteers
Due to Covid restrictions and closure we have been unable to welcome volunteers to Jump Space to support our work since March 2020. We will reintroduce volunteer opportunities when restrictions are lifted.
8
## How we achieved our aims
The closure of the Jump Space centre made it impossible for us to deliver our usual programme of activities. In the short period of time we were open we reduced the number of classes available, reduced the numbers per session from 15 – 10, added in additional cleaning sessions which further reduced our available delivery time and introduced PPE for staff and implemented alternative teaching techniques to minimise handling and use of equipment. These measures reduced us to around 1/3 of usual numbers particularly as most of our more severely disabled clients were also shielding so couldn’t attend.
To encourage our members to stay active during lock down we used the grant from Forever Manchester to purchase a number of mini rebounder trampolines to set up a loan scheme. This proved popular in the earlier part of lock down and has continued throughout the year.
We also successfully secured a grant from the Stockport Local Fund to establish an equipment and resource library which will contain bags of equipment such as sensory packs and fitness equipment to loan to members of the community with a disability. As of the end of May most of the equipment ordered has arrived and we are completing the infrastructure to manage the library with a view to launch in mid-June.
We were also successful in gaining a grant from the ACT foundation to purchase 2 smaller trampolines to help us set up a new outreach programme in the coming year.
During lockdown we maintained a face book presence to keep in touch with our members and to maintain our profile, interaction to the page was reduced from last year as we had limited news to highlight.
## Public Benefit
## What difference we made this year?
In the limited time we were open this year the impact we made was significant. The majority of people who use Jump Space have limited access to mainstream resources in normal times and with lockdown many lost all community provisions and support with schools, day services and activities closed or limited. When we were able to open those able to come returned immediately and expressed gratitude for the services we were able to provide. For some we were the first place they had visited in a year. Many of our customers suffered with mental health issues over the year and the return to a usual activity helped. For some parents and carers visits to Jump Space were the first community contact they had had for a year, feeling safe to return to us was a bonus.
9
## What we hope to achieve in the future
The centre reopened in April 2021, our main focus in the centre is to rebuild numbers of participants to pre covid levels and then to increase further.
We will be launching the library project in June 21 which will be a new strand to Jump Spaces provision and will also raise the profile of the centre, reaching out to new members of the community.
In May 2021 we began an outreach project with Lancasterian school, this is an area of work we will continue to develop over the coming year with a view to identifying 2 further opportunities for outreach sessions and the possibility of employing a new staff member dedicated to outreach work.
Due to the closure the search for new premises to secure the long-term future of the charity was put on hold. In September 2020 we secured a new 3-year lease on our current premises to enable u to continue to provide services and reassess our future facility needs.
A full review of services will also be carried out over the coming year to enable us to make informed decisions on our plan for the future and to identify any new opportunities for services provided by the charity.
## Corporate Supporters & Grant Providers
## The Zochonis Trust
We are again thankful to the Zochonis Trust for supporting us with a grant of £3500 towards Head Coach Craig’s salary, specifically between March and May 2021.
## The Peter Kershaw Trust
Peter Kershaw Trust have agreed a grant of £2000 a year for 3 years to enable us to employ Lauren in a part time post as an assistant coach. This funding is now in its 2[nd] year.
## The ACT Foundation
The ACT Foundation provided a grant of £4775 to enable us to purchase 2 smaller trampolines to help us develop our new outreach programme over the coming year.
## Corona Virus Relief Funding including Job retention scheme
We gained a total of £34,520 support through the rates relief and jobs retention programmes.
## The National Lottery Covid Emergency Fund
The national lottery covid emergency fund supported us with a grant of £80,493 to cover core costs for a period of six months through the pandemic between September 2020 and February 2021
## Stockport Synergy
Sector 3 Synergy gave us a grant of £750 to support marketing and promotion materials.
10
## Community Supporters
## The Village Chippy
## Media & Communications
We continued to post on Facebook throughout the year and to communicate with individuals via messenger.
In the early part of 2020 we developed a new website which we can access content directly meaning we are able to keep it up to date and add content as required.
## Reserves Policy
The charity aims to establish and maintain free reserves equal to three to six months of operating expenditure so that the charity activities could continue to operate in the event of any significant adverse fluctuations in funding.
Management have designated a fund for the replacement of specialist fixed asset equipment, to ensure that the Charity can continue to operate should these assets need replacing.
Any remaining funds above this will be reinvested in the charity to extend and improve the services offered to the community.
## Financial Review
Despite the centre being closed due to covid-19, the successful grant applications resulted in a surplus of £16k in 2021 (surplus of £23k in 2020). This has increased reserves to £95k (2019: £79k), of which £13k is unrestricted.
11
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## Trustees' responsibilities in relation to the financial statements
The trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## Disclosure of information to independent examiners
12
Each person who was a director at the time this report was approved confirms that:
- so far as he is aware, there is no relevant information of which the charity's independent examiner is unaware; and
- he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant information and to establish that the charity's independent examiner is aware of that information.
This report was approved by the board on 14[th] July 2021 and signed on its behalf.
Danielle Jones (Trustee and Director)
13
## **Jump Space Limited Independent examiners' report to the members of Jump Space Limited**
I report on the unaudited accounts of Jump Space Limited for the year ended 31 May 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
## **Respective responsibilities of trustees' and independent examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
I am qualified to undertake the examination, being a qualified member of the Institute of Chartered Accountants in England and Wales (ICAEW).
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirement of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Stephanie Stevens (Independent Examiner)
Shaw House Ashton-under-Lyne Lancashire OL6 6QJ
14 July 2021
14
## **Jump Space Limited Statement of financial activities for the year ended 31 May 2021**
|**Notes**
**Income and endowments from:**
Donations and legacies
**3**
Charitable activities
**4**
Other trading activities
**5**
Investments
**6**
**Total**
**Expenditure on:**
Raising funds
**7**
Charitable activities
**8**
Other
**9**
**Total**
**Net income**
**Transfers between funds**
**17**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**16**
**Total funds carried forward**|**Unrestricted**
**Restricted**
**Total 2021**
**£**
**£**
**£**
19,099
-
19,099
38,580
123,119
161,699
26
-
26
124
-
124
**57,829**
**123,119**
**180,948**
117
798
915
28,087
81,646
109,733
28,870
25,592
54,462
**57,074**
**108,036**
**165,110**
**755**
**15,083**
**15,838**
12,572
(12,572)
-
**13,327**
**2,511**
**15,838**
78,795
-
78,795
**92,122**
**2,511**
**94,633**|**Total 2020**
**£**
30,557
177,660
1,583
5
**209,805**
5,239
126,441
55,619
**187,299**
**22,506**
-
**22,506**
56,289
**78,795**|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
15
## **Jump Space Limited Balance sheet as at 31 May 2021**
|**Notes **
**Fixed assets:**
Tangible assets
**13**
**Current assets:**
Debtors
**14**
Cash at bank and in hand
**Liabilities:**
Creditors: amounts falling due
within one year
**15**
**Net current assets**
**Total assets less current**
**liabilities**
**Net assets**
**The funds of the charity:**
Unrestricted income funds:
General fund
**16**
Designated fund
**16**
Restricted income funds
**16**
**Total charity funds**|**Unrestricted**
**Restricted**
**2021**
**£**
**£**
**£**
20,924
-
20,924
20,924
-
20,924
13,406
-
13,406
79,798
3,678
83,476
93,204
3,678
96,882
(22,006)
(1,167)
(23,173)
71,198
2,511
73,709
92,122
2,511
94,633
92,122
2,511
94,633
77,486
-
77,486
14,636
-
14,636
-
2,511
2,511
92,122
2,511
94,633|**2020**
**£**
15,164
15,164
11,705
64,333
76,038
(12,407)
63,631
78,795
78,795
70,020
8,775
-
78,795|
|---|---|---|
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
The trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The trustees have acknowledged on the balance sheet as at 31 May 2021 their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Danielle Jones Director
Approved by the board on 14th July 2021
16
## **Jump Space Limited Statement of Cash Flows for the year ended 31 May 2021**
|**Notes**
**Cash flows from operating activities:**
**_Net cash provided by/ (used in) operating activities_**
**Cash flows from investing activities:**
Payments to acquire tangible fixed assets
**13**
**_Net cash provided by/ (used in) investing activities_**
**Cash and cash equivalents at the beginning of the reporting period**
**Cash and cash equivalents at the end of the reporting period**
**Net income/ (expenditure) for the reporting period**
**Adjustments for:**
Depreciation
**13**
Loss/ (profit) on sale of fixed assets
**8**
(Increase)/decrease in debtors
**14**
Increase/(decrease) in creditors
**15**
**_Net cash provided by/ (used in) operating activities_**
**Analysis of cash and cash equivalents**
Cash at bank
Bank overdrafts
**Total cash and cash equivalents**|**2021**
**£**
**_34,938_**
(15,795)
**_19,143_**
**64,333**
**83,476**
15,838
10,035
-
(1,701)
10,766
**34,938**
83,476
**83,476**|**2020**
**£**
**_29,780_**
(8,416)
**_21,364_**
**42,969**
**64,333**
22,506
13,480
-
3,016
(9,222)
**29,780**
64,333
**64,333**|
|---|---|---|
17
**Jump Space Limited Notes to the Accounts for the year ended 31 May 2021**
## **1 Summary of significant accounting policies**
## _**Basis of preparation**_
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 (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## _**Income**_
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Income received in advance of the provision of specified services it is deferred until the criteria for income recognition is met.
## _**Interest receivable**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## _**Fund accounting**_
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Charity's work or for specific projects being undertaken by the Charity.
## _**Expenditure and irrecoverable VAT**_
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
18
## **Jump Space Limited Notes to the Accounts for the year ended 31 May 2021**
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.
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:
Short leasehold alterations 10% over the life of the lease Fixtures, fittings and equipment 25% straight line
## _**Debtors**_
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## _**Cash at bank and in hand**_
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## _**Creditors**_
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## _**Leased assets**_
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.
The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments.
Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
## **2 Legal status of the Charity**
The Charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per Trustee of the Charity.
19
## **Jump Space Limited Notes to the Accounts for the year ended 31 May 2021**
|**3**
**Income from donations and**
**legacies**
**Unrestricted**
**Restricted**
**Total 2021**
**£**
**£**
**£**
Grants
16,572
-
16,572
Donations
2,527
-
2,527
19,099
-
19,099
**4**
**Income from charitable activities**
**Unrestricted**
**Restricted**
**Total 2021**
**£**
**£**
**£**
Fees
35,164
-
35,164
Grants
-
123,119
123,119
Rebound therapy course fees
3,416
-
3,416
38,580
123,119
161,699
**5**
**Income from other trading**
**activities**
**Unrestricted**
**Restricted**
**Total 2021**
**£**
**£**
**£**
Café income
-
-
-
Fundraising
26
-
26
26
-
26
**6**
**Investment income**
**Unrestricted**
**Restricted**
**Total 2021**
**£**
**£**
**£**
Bank interest received
124
-
124
124
-
124
**7**
**Expenditure on raising funds**
**Unrestricted**
**Restricted**
**Total 2021**
**£**
**£**
**£**
Advertising & PR
-
606
606
Fund Raising Expenses
-
-
-
Training Course Expenses
46
192
238
Vending Costs
71
-
71
117
798
915|**Total 2020**
**£**
25,100
5,457
30,557
**Total 2020**
**£**
101,450
42,577
33,633
177,660
**Total 2020**
**£**
923
660
1,583
**Total 2020**
**£**
5
5
**Total 2020**
**£**
1,954
18
2,647
620
5,239|
|---|---|
20
## **Jump Space Limited Notes to the Accounts for the year ended 31 May 2021**
|**8**
**Expenditure on charitable**
**activities**
Card machine costs
Depreciation
Electricity & Gas
Employers NI
Employers Pension
Equipment - Under £100
General Rates
GoCardless fees
Insurance
Rent
Repairs and Renewals
Staff Salaries - payroll
Staff training
Subscriptions - PRS, TV, PPL,
CRB
Wages
**9**
**Other expenditure**
Audit and Accountancy Fees
Bad Debts
Depreciation
Electricity & Gas
Equipment Hire -
Printer/Photocopier
General Rates
Insurance
Legal Fees & Professional fees
Printing, Postage, Stationery
Rent
Repairs and Renewals
Staff Salaries - payroll
Sundry Expenses
Telephone|**Unrestricted**
**Restricted**
**Total 2021**
**£**
**£**
**£**
399
-
399
8,218
-
8,218
468
1,123
1,591
503
1,928
2,431
913
946
1,859
1,261
-
1,261
-
419
419
139
-
139
403
1,690
2,093
11,367
18,585
29,952
2,934
2,097
5,031
(329)
54,623
54,294
-
-
-
680
235
915
1,131
-
1,131
28,087
81,646
109,733
**Unrestricted**
**Restricted**
**Total 2021**
**£**
**£**
**£**
2,221
2,991
5,212
-
-
-
1,817
-
1,817
66
-
66
805
901
1,706
17
-
17
87
-
87
187
13
200
230
227
457
1,248
-
1,248
210
-
210
21,846
21,098
42,944
-
-
-
136
362
498
28,870
25,592
54,462|**Total 2020**
**£**
791
12,389
4,638
4,119
1,790
359
3,910
186
2,688
29,952
4,540
57,793
683
718
1,885
126,441
**Total 2020**
**£**
4,862
89
1,091
193
2,104
163
112
13
848
1,248
190
42,944
682
1,080
55,619|
|---|---|---|
21
## **Jump Space Limited Notes to the Accounts for the year ended 31 May 2021**
|**10 Net income/ (expenditure) for the year**
**2021**
**£**
This is stated after charging:
Depreciation of owned fixed assets
10,035
Independent examiners' fee
750
Other accounting services
4,462
**11 Staff costs**
**Unrestricted**
**Restricted**
**Total 2021**
**£**
**£**
**£**
Wages and salaries
21,517
75,721
97,238
Social security costs
503
1,928
2,431
Other pension costs
913
946
1,859
22,933
78,595
101,528
**Average number of employees during the year**
**Number**
Management and administration
2.0
Charitable activities
5.0
7.0|**2020**
**£**
13,480
750
4,112
**Total 2020**
**£**
100,737
4,119
1,790
106,646
**Number**
2.0
6.0
8.0|
|---|---|
No employees had employee benefits in excess of £60,000.
The charity trustees were not paid, nor received any other benefits from employment with the charity in the year, nor were they reimbursed expenses during the year. No charity trustee received payment for professional or other services supplied to the charity.
## **12 Government grants**
Income from government grants comprises of grants made by local authorities to fund projects in line with the charities objectives. See the 'analysis of charitable funds' note for more information regarding the amounts of these grants.
22
## **Jump Space Limited Notes to the Accounts for the year ended 31 May 2021**
## **13 Tangible fixed assets**
|**Cost or valuation**
At 1 June 2020
Additions
Disposals
At 31 May 2021
**Depreciation**
At 1 June 2020
Charge for the year
On disposals
At 31 May 2021
**Carrying amount**
At 31 May 2021
At 31 May 2020
**14 Debtors**
Trade debtors
Accrued income
Prepayments
**15 Creditors: amounts falling due**
**within one year**
Trade creditors
Other taxes and social security
costs
Other creditors
Accruals and deferred income|**Short**
**leasehold**
**alterations**
**Fixtures,**
**fittings and**
**equipment**
_At cost_
_At cost_
**£**
**£**
49,880
113,803
-
15,795
-
(10,257)
49,880
119,341
45,565
102,954
1,325
8,710
-
(10,257)
46,890
101,407
2,990
17,934
4,315
10,849
**Unrestricted**
**Restricted**
**Total 2021**
**£**
**£**
**£**
9,309
-
9,309
-
-
-
4,097
-
4,097
13,406
-
13,406
**Unrestricted**
**Restricted**
**Total 2021**
**£**
**£**
**£**
4,864
-
4,864
1,049
-
1,049
922
-
922
15,171
1,167
16,338
22,006
1,167
23,173|**Total**
**£**
163,683
15,795
(10,257)
169,221
148,519
10,035
(10,257)
148,297
20,924
15,164
**Total 2020**
**£**
4,962
3,472
3,271
11,705
**Total 2020**
**£**
3,586
843
302
7,676
12,407|
|---|---|---|
23
**Jump Space Limited Notes to the Accounts for the year ended 31 May 2021**
## **16 Analysis of charitable funds**
## **Analysis of movements in unrestricted funds**
|General fund
Designated fund|**At 1 June**
**2020**
**Incoming**
**resources**
**Resources**
**expended Transfers**
**At 31 May**
**2021**
70,020
57,829
(57,074)
6,711
77,486
8,775
-
-
5,861
14,636
78,795
57,829
(57,074)
12,572
92,122|
|---|---|
## **Name of unrestricted fund**
## **Description, nature and purpose of the fund**
General fund Designated fund
The 'free reserves' after allowing for all designated funds.
Management have allocated the value of specialist equipment to a designated fund, to ensure that the Charity can replace this essential equipment.
## **Analysis of movements in restricted funds**
|Peter Kershaw
Manchester Aiming High
HMRC JRS grant
National Lottery covid emergency
fund
ACT Foundation
Stockport Local Fund
Synergy|**At 1 June**
**2020**
**Incoming**
**resources**
**Resources**
**expended Transfers**
**At 31 May**
**2021**
-
2,000
(2,000)
-
-
-
2,993
(2,993)
-
-
-
17,949
(17,949)
-
-
-
80,493
(79,093)
(1,400)
-
-
4,775
-
(4,775)
-
-
8,908
-
(6,397)
2,511
-
750
(750)
-
-
-
117,868
(102,785)
(12,572)
2,511|
|---|---|
## **Name of restricted fund**
Peter Kershaw Manchester Aiming High HMRC JRS grant National Lottery covid emergency fund ACT Foundation Stockport Local Fund Synergy
## **Description, nature and purpose of the fund**
Grant for wages
Weekly activity project for children and young people with a disability Government grant to cover wages of furloughed staff Grant to support core costs between Sept 2020 – February 2021
Grant for equipment Grant for equipment Grant towards marketing costs
24
## **Jump Space Limited Notes to the Accounts for the year ended 31 May 2021**
|**17 **|**Transfers between funds**||||
|---|---|---|---|---|
||**From fund**|**To fund**|**Reason**|**Amount £**|
||ACT Foundation|General|Purchase of fixed assets with restricted|4,775|
||||funds, that no longer have any restriction||
||||over their use||
||National Lottery covid emergency|General|Agreed with funder that the remaining|1,400|
||fund||balance can be utilised for running costs/||
||||general running of the charity||
||Stockport Local Fund|General|Purchase of fixed assets with restricted|6,397|
||||funds, that no longer have any restriction||
||||over their use||
|||||12,572|
||Designated|General|Fund to replace specialist equipment|(5,861)|
|||||6,711|
## **18 Other financial commitments**
Total future minimum lease payments under non-cancellable operating leases:
|Falling due:
within one year
within two to five years
in over five years|**Land and**
**buildings**
**Land and**
**buildings**
**2021**
**2020**
£
£
31,200
13,000
41,600
-
-
-
72,800
13,000|**Other**
**Other**
**2021**
**2020**
£
£
1,658
1,531
4,698
383
-
-
6,356
1,914|
|---|---|---|
## **20 Presentation currency**
The financial statements are presented in Sterling.
25
## **Jump Space Limited Detailed Statement of Financial Activities for the year ended 31 May 2021**
|**Income**
Cafe Income
Charitable Activities - Fees
Fund Raising
Grants
Income from courses
Party Income
Voluntary Donations Received
Other income
**Expenses**
Advertising & PR
Fund Raising Expenses
Training Course Expenses
Trips Expenses
Vending Costs
Audit and Accountancy Fees
Card machine costs
Depreciation
Electricity & Gas
Employers NI
Employers Pension
Equipment - Under £100
Equipment Hire - Printer/Photocopier
General Rates
GoCardless fees
Insurance
Legal Fees & Professional fees
Loss on disposal of fixed assets
Printing, Postage, Stationery
Rent
Repairs and Renewals
Staff Salaries - payroll
Staff training
Subscriptions - PRS, TV, PPL, CRB
Sundry Expenses
Telephone
Wages
**Net income**|**Unrestricted**
**Restricted**
**TOTAL**
**2021**
**2021**
**2021**
**£**
**£**
**£**
-
-
-
35,164
-
35,164
26
-
26
16,572
123,119
139,691
3,416
-
3,416
-
-
-
2,527
-
2,527
-
-
-
57,829
123,119
180,948
-
606
606
-
-
-
46
192
238
-
-
-
71
-
71
2,221
2,991
5,212
399
-
399
10,035
-
10,035
534
1,123
1,657
503
1,928
2,431
913
946
1,859
1,261
-
1,261
805
901
1,706
17
419
436
139
-
139
490
1,690
2,180
187
13
200
-
-
-
230
227
457
12,615
18,585
31,200
3,144
2,097
5,241
21,517
75,721
97,238
-
-
-
680
235
915
-
-
-
136
362
498
1,131
-
1,131
57,074
108,036
165,110
**755**
**15,083**
**15,838**|**TOTAL**
**2020**
**£**
923
101,450
660
67,677
33,633
-
5,457
-
209,805
1,954
18
2,647
-
620
4,862
791
13,480
4,831
4,119
1,790
359
2,104
4,073
186
2,800
13
-
848
31,200
4,730
100,737
683
718
682
1,080
1,885
187,299
**22,506**|
|---|---|---|
26