Registered number- 07517748 Charity number- 1144431 JEREMIAH'S JOURNEY (A COMPANY LIMITED BY GUARANTEE) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Bishop Fleming
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI CONTENTS Page Reference and administrative details of the companyy its Trustees and advisers Chairfs Statement Trustees. report 4-10 Independent examiner's report statement of financial activities 12 8alance sheet 13 Notes to the financial statements 14-25
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2022 Trustees Mrs Helen Taylor, Chair Mr lan Gordon Dr Jacqueline Stedmon Mr Eric Cowsill Mr Benjamin Shearn (resigned 1 July 20211 Mr David Reynolds (resigned 1 July 20211 Dr Paul Jarvis Mr Alan Pearson lappoinled 28 October 20211 Mrs Tara-Jane Physick (appointed 28 October 20211 Mrs Joanne Hayward lappointed 4 November 20211 Dr Stephen Minton lappointed 11 November 20211 Company registered number 07517748 Charity registered number 1144431 Registered office Unit10 HQ Business Centre 237 Union Street Slonehouse Plymouth PL1 3HQ A¢¢ountants Bishop Fleming LLP Chartered Accountants Salt Quay House 4 North East Quay Sutton Harbour Plymouth PL4 OBN Page 1
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI CHAIR'S STATEMENT FOR THE YEAR ENDED 30 JUNE 2022 The chair presents her statement for the year. Along with most charities, both locally and nationally, the impact of the COVID-19 pandemic continued lo have an impact during the reporting period 1st July 2021 30th June 2022. Despite this, Jeremiah's Journey has continued lo maintsin core services offering bereavement support and advice throughout. In addition, the Charity provided emergency response support in the immediate aftermath of a local tragedy. Our small, but extremely resourceful, charity responded immediately to the events that took place in August 2021 in Plymouth. Widely referred to as 'the Keyham Shootings" a young man shot and killed five people, including a 3-year-old girl and her father, and injured two others before taking his own life. The extensive impact on these five extended families and the wider community was reported around the world. Jeremiah's Joumey was present in the local Keyham community on the morning after the tragedy, joining with other agencies (both statutory and volunlaryl lo provide an emergency response to the local community. Our support continued throughout this porting period and into the current one, as the local community and wider city have tried lo come to terms with the tragic events. Although we did not have the contingency within our finances to cover our associated costs, we did not hesitate lo provide the essential support needed for such high-profile and toumatic bereavements. To dale, we have invested approximately 800 Iherapeulic hours into service users who have been directly impacted by this extfftordinary tragedy. We were extremely grateful lo receive contributions lo our costs as a result of a significant fundraising effort by the people of Plymouth and the grant of slatulory funding from Victim SupporL Despite an extremely challenging start to the reporting period, Jeremiah's Journey was fortunate lo secure a significant grant from the Big Lottery giving the Charity an element of financial security for the ensuing three years. As a result of this successful application, the Board of Trustees made the decision to continue lo employ the services of Competitive Solutions Ltd ICSLI for a peric of a further 12 months, to research and prepare further bids to mitigate the significant losses of recent years and place the charity in a more sustainable financial position going forward. However, the current aim of the Board is lo provide training and support for our fundraising team lo develop the skills required to prepare future funding applications. A series of events and new campaigns were initiated in the first half of the reporting period. However, momentum was lost going into the third quarter due to significant staff turnover. The charity suffered the loss of both of its fundraisers, and its Operations Manager, within a few months. The Board of Trustees look the opportunity lo review the staffing structure and make some changes to the role of the Opeffttions Manager. After a successful recruitment drive the Charity appointed 2 new fulktime fundraisers in January 2022. In March 2022, a highly-experienced Director of Operations was appointed to line-manage all employees and oversee every aspect of the Charity s operations. As we reached the end of the reporting period on 30th June 2022, the future of Jeremiah's Journey was looking increasingly secure. Operationally we had streamlined our processes and reviewed our contracts with suppliers, sulting in a sk annual saving. In addition, the introduction of enhancements such as a new online payroll and people management system has contributed to more efficient operations. We reviewed our 'local' fundraising strategy and identified where the opportunities were for us to increase our Returns on Investments IROII. We launched our new website, significantly increased our use of social media and maintained a presence at networking events to increase our profile and reach within the community. However, the Charity still ended the porting period with limited reserves and it is a priority for the Board of Trustees to build on a positive start to the next accounting year and prioritise a significant increase in our reserves. Page 2
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI CHAIR'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 Quarterly board meetings continued to take place throughout the reporting period. In addition, Trustee Steering Groups worked in smaller teams alongside the Director of Operations lo complete specific projects. Lady Bianca Eliot continues as a Patron of Jeremiah's Journey and has significantly increased her profile within the Charity, working closely wth the new Director of Operations and fundraising team lo identify opportunities for income generation. Despite the Many challenges, Jeremiah's Journey has consislenlly delivered on ils core objective to provide bereavement support for children, young people, and their families. TnAt•••) 0#*: 03.02. Page 3
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2022 The Trustees present their annual report together wth the financial slalements of the Charity for the year 1 July 2021 to 30 June 2022. The Annual Report serves the purposes of both a Trustees, report and a Directors. report under Company law. The Trustees confirm that the Annual Report and financial statements of the Charitable Company comply with the current stalulory requirements, the requirements of the Charitable Company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable lo Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191. Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large Companies under the Companies Act 2006 Islralegic Report and Directors, Report) Regulations 2013 has been omitted. OBJECTIVES AND ACTIVITIES a. Policies and objectives The Charity's slated objects are.. To provide emotional, psychological and culturally appropriate support for children, young people and their families experiencing the death or anticipated death of a relative or 'significant other,. To develop and disseminate good practice and theoretical knowledge around childhood bereavement. In selling objectives and planning for aclivilies, the Trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefit, including the guidance 'Public benefit.. running a charity IPB21'. b. Strategies and main activities for achieving objectives The Charity implements the following strategies to achieve their objectives.. Bereavement Support Details The Jeremiah's Friends Group works with children, young people and their families who have eXperIend Iraumalic bereavement andlor who have experienced trauma which is gelling in the way of their grief. The focus and conlenl of this group has changed to incorporate trauma focused therapeutic tools and the group has been extended to run over 9 weeks. The group programme runs three limes a year during the school term and ends with a family day out giving participants the opportunity to enjoy spending time together and bringing families together in a more social context. One to one supported continued to be offered for more complex cases. Pre -bereavement support is offered to families on an individual basis. Families are also provided with opportunities to socialise at events and on days out. Full day groups offer bereavement support for children, young people and their families who are dealing with the death of someone in their lives. It was established to meet the needs of those referrals that are less complex or where a commitment to the 9-week programme is difficult. Individual and family work is offered lo families to help prepare them for the start of the group prOsS or lo families or children for whom the group may not be appropriate. Our Advice Line has continued for individuals or agencies lo speak direcdy lo a member of the clinical team for advice, support or lo make a referral. We aim lo respond lo any contact by phone or email within 24 hours Monday- Friday. A triage system for referrals has been in place to help the team respond in a timely and appropriate way according lo the individual needs of children, young people and their families. EMDR groups have continued, offering extra help when there are high levels of trauma involved. The aim of this group is to reduce parents, own trauma empowering them to feel more able to support their grieving children. The clinical team also offers support lo local schools. This can range from the routine development of a school staff s confidence in managing bereavement among their pupils and staff to the crisis management of sudden and traumatic deaths in the school community. In the latter cases, staff and pupils receive direct counselling which is followed up with a number of planned subsequent visits. Page 4
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 OBJECTIVES AND ACTIVITIES ICONTINUEDI c. Volunteers The group programme relies on the support of volunteers. We continued lo recruit and relain, some very skilled volunteers lo help us run the group programmes throughout the reporting period. The Charity is very involved in the community and relies heavily on voluntary support. During this reporting period the clinical team was enhanced by psychology students on placement from Plymouth University. Our co-founder and trustee, Dr Jacqui Stedmon has been instrumental In the delivery of our family therapy clinics on a voluntary basis. We have refreshed our relationship with some fundraising volunteers who have come back following the pandemic, bul also, we have recruited new volunteers into the team lo help support our new events programme. The Trustees are very much appreciative of all our volunteers who offer their lime and expertise lo support both the clinical and fundraising efforts of the Charity.. The Board recognises that il would be hugely challenging lo deliver on our core objectives without them. ACHIEVEMENTS AND PERFORMANCE a. Main achievements of the company Delivery of Objects Success Criteria All group programme participants are requested lo complete questionnaires at the start and end of the programme. This requires them to rate their feelings about their bereavement and the impact of their bereavement and how their feelings change across the course of a group. The outcome data has been informed by a national project run by the Childhood Bereavement Network to collate UK evidence at)out the effectiveness of children's bereavement services. Alongside this, measures of trauma and more qualitative measures including personal goal setting are used to gather family feedback. In addition, participants are asked to provide feedback at the end of each group session to enable the official team to review and evaluate the effectiveness of provision. Significant Activities (clinical) A workplace agreement was estsblished with the University of Plymouth Clinical PSyCholY Doctorate Programme and two trainees started in October 2021 The clinical lead is a member of the 'Trauma Network, and a committee member of EMDR Southwest. Our co-founder and trustee, Dr Jacqui Stedmon was awarded the academic honour of becoming a 'Professor' by Plymouth University There was an escalation in requests received by our clinicians for interviews from the National press after 'Ihe Keyham shootings, and a widely acknowledged recognition of the huge experience with our charity within our field of expertise The employment of a full time Assistant Psychologist lo support the group programme and the wider clinical tasks of the team has been an asset, especially with the gathering of data and providing essential evaluation and insight reporting. The charity was able lo for fulfil the postponed Idue to the pandemic) workplace agreement with the University of Plymouth Clinical Psychology Doctorate Programme. Introduction of a data management system Clinical Activty Data Total Referrals. 294 children and young people. 1 to 1 Support." 98 Sessions Total Contacts to our Advice Line." Totsl 5701327 phone calls, 243 by email I Schools Supported. 144 Volunteer Hours. 356 Page 5
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 ACHIEVEMENTS AND PERFORMANCE ICONTINUEDI Grou Su ort Jeremiah's Friends Day Groups Run EDMR Group forAdulls Paused Totals 48 Childrenlyoun 47 Peo le Adults 37 Paused 39 Delivery of Objects Success Criteria All group programme participants are requested to complete a questionnaire at the start and end of the programme. This requires them lo rate their feelings about their bereavement and how these have changed since attending the groups. The outcome data has been informed by a national project run by the Childhood Bereavement NeIOrk to collate UK evidence about the effectiveness of children's bereavement servIs. Alongside this, measures of trauma and more qualilalive measures Included personal goal setting are used lo gather family feedback. Data from the summer 2020 groups has been used as a research evaluation study being carried out by trainee clinical psychologists from the University of Plymouth. Headlino Outcomes.. Responses for children, young people and adults in the group have been overwhelmingly positive. Meeting with families In a similar situation has been noted as one positive aspect, as well as the fun that children had whilst remembering the people that had died. Several comments were made that Il made Il easier to think about their feelings about grief. Young people and adults noted the benefit of relationships that they made attending the group and slated an intention to keep up these new friendships. Some children went on lo attend a monthly dro*in al the same venue, for 9-12-year-olds. Areas of Focus for Next Year Reslruclure and rebrand the 'clinical services, team lo Bereavement servIs Team aiming lo make at least a 25k saving on salary costs Deliver a new Bereavement Services Strategy to include pre-bereavemenl work Increase volunteers by 25 head count Increase our use of case studies Recruit 3 Bereavement Ambassadors FINANCIAL REVIEW a. Overview The Charity is entirely self-funded, rarely reIving additional funds from slatulory agencies despite ils contribution to the emotional well-being of children, young people and their families and Ils potential for the prevention of more complex mental health needs in the future. b. Reserves policy At the end of the reporting period, the Charity had total reserves of £92,747 12021.. £114,011), with restricted reserves of £1,63812021.' £2,577) and unreslricled free reserves (excluding fixed assets and designated funds) lotalling £86,25312021'. £105,602). Reserves are needed to bridge the gap beeen the spending and receipt of income lo cover unplanned repairs and other expenditure. The Trustees considered that the Ideal level of reserves as of 3010612022 would be £115,000. The actual level of free reserves In the current year is lower than the target reserves for the year. In order to increase the level of free reserves, the Charity plans to continue lo commission support to develop the charity fundraising team and strategy so that income is generated al an appropriate level. Trustees consider that the ideal level of reserves for the reporting period ending 3010612023 would be £115,000. Page 6
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 c. Going Concorn The accounts have been prepared on the going concern basis. Since the COVID-19 pandemic there has been a significant reduction in income from fundraising events and activities. Online fundoising has seen an increase in income in comparison with previous years and now is comparable to previous face-t()-face fundraising aclivilies. The Charity has maintained relab'onships with stakeholders during this time lo plan for future physical events. The Charity has also been able to access grants to assist during this time. Post year end, grants tolalling £143k have been received, with further grants under application. Additionally, several long term lup to 3 years) grants have been awarded. Short-term strategic planning has continued, and management are continuing lo review various restructuring options to ensure that the Charity is able lo deliver the service cost effectively. Management have reviewed budgets and forecasts and are confident that the Charity will continue to trade. Based upon this, the Trustees are confident the going concern basis is correct. It is conceivable that a significant downside scenario could occur, and if this were the case this would indicate the existence of 8 material uncertainty that would cast significant doubt over the Charity's ability to continue as a going concern. d. Principal risks and uncertainties The principal risks faced by the Charity are as follows- Operab'onal Risk." Every effort is being made to secure the financial future of the charity, we continue to explore potential future grant opportunities for core funding lo sit alongside TNL grant, however, without match funding to cover our annual core running costs the charity will be at risk operationally. Reputational Risk11 is important lo our reputation that the charity can manage demand from service users as effectively as possible and keep waib'ng lists to a minimum. We plan lo review our service delivery strategy lo ensure that we can increase our capacity without any significant impact on our costs. Financial Risk." Whilst core funding has been received from the National Lottery for a period of 3 years, we must continue to identify other match funding opportunities and grow our local fundraising income streams in order lo cover as much a percentage of our core costs as possible. We intend to restructure within the next financial year to reduce our staffing costs and we are constantly reviewing our supplier agreements to make sure that we a getting value for money and identifying savings where possible. Strategic Risk". The skills mix within the trustee board is regularty reviewed and the onboarding of 3 new Iruslees within this reporting period has enhanced the breadth of expertise leading the charity. The new Iruslees bring significant experience fmm backgrounds in financial services, business, marketing, and educational leadership and safeguarding at a senior level. These appointments have complimented the existing expertise on the board where the charity already have expert representation from backgrounds in". clinical, educational, legal services, project management, risk assessment and fundraising. Compliance Risk". All reporting throughout this period was on time. Accounting continues to be monitored lo ensure timely auditing and reporting to the charities commission. Policies continue lo be reviewed to ensure they remain fil for purpose. All trustee's, staff and volunteers are subject to DBS checks, with safeguarding training undertaken by all those directly involved with children, young people and their families. The Trustees have a risk management strategy which comprises.. Full review of the day-to-day running of charity by the Director of Opeffttions. Business strategy and plan for the next 3 years to be reviewed, written, and agreed by Board of Trustees. Emergency planning lo spOnd to the ongoing sustainability risks lo the Charity Page 7
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 e. Funding and raising public awareness Alongside individuals, businesses and groups that raise funds throughout the year for Jeremiah's Journey, the Charity independently arranges regular events throughout the year. During the reporting period these included.. collaborations with Plymouth City Council at Flavour Fest, a Xmas Fayre, Jeremiah Bear's Day out and the Plymouth Half Marathon. For all events, the use of social media was the main medium used lo advertise and increase awareness and funds. Website updates were completed to increase awareness of what the Charity provides making il easier lo navigate lo donate, fundraise and make contact lo gain support. strong links continue to be built with local businesses lo support their Corporate Social Responsibility programmes. This has helped lo bring in funds from internal fundraising events where we share the publicity on social media platforms, creating further awareness about the Charity's work. Jeremiah's Journey has also continued its membership of the Plymouth and Devon Chamber of commer which has been a key means of raising the profile of the charity. Significant Activities (Fundraising) Not all previously postponed events from the previous reporting year were able to be revived, due lo the lack of support from the public meaning they were not financial viable. 'Mudslock' and 2 golf days were cancelled without any financial penalty lo the charity. The 'Keyham shootings, resulted in an extremely generous injection of public support via donations, but this was a one off and as a result of a significant tragedy. strategic review and new fundraising plan implemented. Areas of Focus for next year Identify and apply for future funding via grants and foundations.. prospects include Leather sellers, Garfield Weston, UK Youth, Children In Need. Seek longer term support over 2-3 years lo help us plan and sustain core services. Collaboration will be essential beeen the clinical and operational teams to identify and pursue serviceslgranls from the slalutory sector. To review the 'Follow the Bear, campaign To creatively explore events that are 'lighl touch, for the charity bul present us with a good RIO. Suslainabilily of the charity through the development of our income generation streams to include.. local fundraising, grants and Irusls, in-memory, corporate giving, legacy marketing, regular contact strategy with supporters Introduction of a fit for purpose CRM system Relocation of the Charity's operational base with the aim of increasing visibility and accessibility STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution Jeremiah's Journey is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. b. Methods of appointment or election of Trustees The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. Page 8
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED} c. Oryanisational structure and decision-making policies The Board of Trustees meet on a quarterly basis. The Board establishes an overall framework for the governance of the Charity. In addition, the Board may from time lo lime establish Working Groups to perform specific tasks over a limited timescale. Finance and Resources are presented quarterly at Board meetings with Trustees responsible for monitoring, evaluating and reviewing policy and performance in relation to financial management, Complian wlh reporting and regulatory requirements. The following decisions are the responsibility of the Board of Trustees.. To consider any proposals for changes lo the status or constitution of the Charity and its committee slruclure. To appoint or remove the Chair andlor Vice Chair To approve the Annual Development Plan and Budget. The Trustees are responsible for.. Selling general policy Adopting an annual plan and budget Approving the slalutory accounts Monitoring the slalus and outcomes of the Charity by the use of budgets and other data Making major decisions about the direction of the Charity, capital expenditure and staff appointments. Areas of Focus for Next Year The Board of Trustees will work with the new Director of Operations to sel targets and priorilise areas for development of a new 3-5-year strategic plan Cost savings and financial sustainability Revisit the charities safeguarding policy to ensure it is as comprehensive as possible Review staff contracts and staff handbook Recruilmenl of new Iruslees as vacancies arise lo consider the gaps on the board trom a strategic perspective. NB.. ex-service user, local statutory service or local authority experience d. Key Management Personnol In the first half of the reporting period the Trustees had devolved responsibility for the day-to-day management of the Charity to the Operations Manager and the Clinical Lead, including responsibility for implementing the policies laid down by the Trustees and reporting back to them on performan. In the final 3 months of the reporting period the Charity employed a new Director of Operations who took responsibility for the entire day lo day running of the charity, including overall management of the clinical team. e. Related party relationships None of the Trustees re1ve remuneration or other benefit from their work with the Charity as Trustees. Trustees working In a daily operational role outside of the scope of an ordinary Iruslee's responsibility receive payments as authorised which are recorded in meeting minutes by the Chair of Board of TrusleeslTrustee Board members. Page 9
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees (who are also the directors of the company for the purposes of company lawl are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally A¢pted Accounting Praclicel. Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the company and of Ils Incoming resources and application of resources, including ils Income and expenditure, for that period. In preparing these financial stalemenls, the Trustees are required to.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles of the Charities SORP IFRS 1021., make judgements and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 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 aceounling records that are suffieienl to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. TnAl•*) rx•: 03.02. Page 10
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2022 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JEREMIAH'S JOURNEY I'the Company'} I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 June 2022. RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the company land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 20061'the 2006 Act'i. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Since the companys gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe". accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination", or the accounts have not been prepared in accordance with the methods and principles of the Slalement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance wi(h the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely lo the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the company's Trustees those mallers l am required lo slate to them in an Independent Examiner's Report and for no other purpose. To the fullest exlenl permitted by law, I do not accept or assume responsibility lo anyone other than the company and the company's Trustees as a body, for my work or for this report. Signed.. Pamela Tuckell FCA DChA BISHOP FLEMING LLP Chartered Accountants Sall Quay House 4 North East Quay Sutton Harbour Plymouth PL4 OBN Dated.. 22 February 2023 Page11
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 JUNE 2022 Unrestricted funds 2022 Restricted funds 2022 Total funds 2022 Total funds 2021 Note INCOME FROM: Donations and legacies Other trading activities 108.397 47,310 110.696 219.093 47,310 224,842 20,885 TOTAL INCOME 155.707 110.696 266.403 245,727 EXPENDITURE ON: Raising funds Charitable activities 4,699 171,333 4,699 282,968 1,022 255,248 111,635 TOTAL EXPENDITURE 176.032 111.635 287.667 256,270 NET MOVEMENT IN FUNDS 20,3251 19391 21,2641 110,5431 RECONCILIATION OF FUNDS: Total funds brought forward Nel movement in funds 111,434 120.3251 2,577 19391 114,011 121.2641 124,554 110,5431 TOTAL FUNDS CARRIED FORWARD 91,109 1,638 92,747 114,011 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 14 to 25 form part of these financial statements. Page 12
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI REGISTERED NUMBER..07517748 BALANCE SHEET AS AT 30 JUNE 2022 2022 2021 Note FIXED ASSETS Tangible assets CURRENT ASSETS 11 4.856 5,832 Debtors Cash al bank and in hand 12 819 98,633 5,523 111,356 CURRENT LIABILITIES 99,452 116,879 Creditors.. amounts falling due within one year 13 {11.561} 18,7001 NET CURRENT ASSETS 87.891 108,179 TOTAL NET ASSETS 92,747 114,011 CHARITY FUNDS Reslricled funds 14 1,638 91,109 2,577 111,434 Unrestricted funds 14 TOTAL FUNDS 92.747 114,011 The company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act wfch respect lo accounting records and preparation of financial statements. The financial statements have been prepared in accordan with the provisions applicable to entities subject lo the small companies regime. The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. tlttL / k {lJwir cl Tn4t•M) D*:03.02.% The notes on pages 14 to 25 form part of these financial statements. Page 13
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 GENERAL INFORMATION The Company is a company limited by guarantee. The Members of the Company are the Trustees named on page 1. In the event of the Company being wound up, the liability in respect of the guarantee is limited 10 £10 per Member of the Company. ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial slalements have been prepared in accordan with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Jeremiah's Journey meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless olhetwise slated in the relevant accounting policy. 2.2 GOING CONCERN The accounts have been prepared on the going concern basis. Since the COVID-19 pandemic there has been a significant reduction in income from fundraising events and aclivilies. Online fundraising has seen an increase in income in comparison with previous years and now is comparable lo previous face-lfaCe fundraising activities. The Charity has maintained relationships with stskeholders during this lime lo plan for future physical events. The Charity has also been able lo access grants lo assist during this time. Post year end, grants lotalling £143k have been received, with further grants under application. Additionally, several long term lup to 3 years) grants have been awarded. Short-lerm strategic planning has continued, and management are continuing to review various restructuring options to ensure that the Charity is able lo deliver the Servi cost effectively. Management have reviewed budgets and forecasts and are confident that the Charity will continue lo trade. Based upon this, the Trustees are confident the going concern basis is correct. 2.3 INCOME All income is recognised On the company has entitlement lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes bul not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entillemenl of receipt, ils recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Page 14
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 ACCOUNTING POLICIES {continued) 2.4 EXPENDITURE Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to s third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charilable trading. Expenditure on charitable activities is inCUrd on direcuy undertaking the activities which further the company's objectives, as well as any associated support costs. All expenditu is inclusive of irrecoverable VAT. 2.5 TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assets costing £1 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised al cost. After recognition, under the cost model, tsngible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tsngible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis or slraighl line basis. Depreciation is provided on the following bases". FiXtuS and fittings Office equipment 250/0 reducing balance 250/0 reducing balance or 330/0 slraighl line 2.6 DEBTORS Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any tode discounts due. 2.7 CASH AT BANK AND IN HAND Cash at bank and 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. Page 15
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 ACCOUNTING POLICIES {continued) 2.8 LIABILITIES AND PROVISIONS Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities a recognised al the amount that the company anticipates it will pay lo setue the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.9 FINANCIAL INSTRUMENTS The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at tonsaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.10 PENSIONS The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. 2.11 FUND ACCOUNTING General funds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds comprise unreslricled funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes lo the financial ststemenls. Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by donors or which have been raised by the company for particular purposes. The costs of oising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial statements. CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions". The preparation of the financial statements requires management to make judgements, estimates and assumptions that effect the amounts reported for assets and liabilities as al the balance sheet dale and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those eslimales. Whilst there is a level of assumption in these judgements, the Trustees feel these are unlikely to have a significant affect on, or cause material error to the amounts recognised in the financial statements. Page 16
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 INCOME FROM DONATIONS AND LEGACIES Unrestricted Restricted funds funds 2022 2022 Total funds 2022 Donations Grants 81,887 26,510 81,887 137,206 110,696 TOTAL 2022 108,397 110,696 219.093 Grants includes £9,85612021.. £85,955) of Coronavirus Job Retenb'on Support income. Unrestricted funds 2021 Reslricled funds 2021 Total funds 2021 Donations Grants 23,935 3,319 23,935 200,907 197,588 TOTAL 2021 27,254 197,588 224,842 INCOME FROM OTHER TRADING ACTIVITIES Income from fundraising events Unrestricted funds 2022 Total funds 2022 Merchandise Events Community events 339 6,334 40,637 339 6,334 40,637 TOTAL 2022 47,310 47.310 Page 17
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 INCOME FROM OTHER TRADING ACTIVITIES (CONTINUEDI Income from fundraising events ICONTINUEDI Unreslricled funds 2021 Total funds 2021 Merchandise Events Community Events 190 809 19,886 190 809 19,886 TOTAL 2021 20,885 20,885 EXPENDITURE ON RAISING FUNDS Unrestricted funds 2022 Total funds 2022 Events 3,835 3,835 864 Equipment TOTAL 2022 4,699 4,699 Unreslricled funds 2021 Total funds 2021 Events Equipment 674 348 674 348 TOTAL 2021 1,022 1,022 Page 18
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 ANALYSIS OF EXPENDITURE BY ACTIVITIES Activities undertaken directly 2022 Support costs 2022 Total funds 2022 Charity 218,747 64,221 282,968 Activities undertaken directly 2021 Support costs 2021 Total funds 2021 Charity 205, 185 50,083 255,248 ANALYSIS OF SUPPORT COSTS Total funds 2022 Total funds 2021 Depreciation Office expenses Printing, posting and stationary Travel and subsistence Subscriptions and donations Sundry and other costs Advertising and promotion Legal and professional costs Bank charges Accountancy fees Consultancy 1,491 3,683 1.032 577 312 1,944 3,113 725 18 312 583 3.113 2,733 20 1,134 1,166 2,834 18 3,400 47.277 3,460 35,339 64,221 50,063 Page 19
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 INDEPENDENT EXAMINER'S REMUNERATION 2022 2021 Fees payable lincluding VATI lo the company's independent examiner for the independent examination of the company's annual accounts 3.500 3,250 STAFF COSTS 2022 2021 Wages and salaries Social security costs Contribution to defined eontribulion pension schemes 175.069 15,448 3,705 167,538 14,883 4,079 194,222 186,500 The average number of persons employed by the company during the year was as follows.. 2022 No. 2021 No. Charitable activities Fundraising and marketing No employee reiVed remuneration amounting lo more than £60,000 in either year. All Trustees and rtain senior employees who have authority and responsibility for planning, directing and controlling the activities of the Charity are considered to be key management personnel. Total remuneration in respect of these individuals (including employers, national Insuran and employers. pension contribulionsl is £70,280 12021.. £60,800). Trustees are not remunerated for their role as Trustees. 10. TRUSTEES, REMUNERATION AND EXPENSES During the year, no Trustees received any remuneration or other benefils12021 £NILI. During the year ended 30 June 2022, expenses tolalling £NIL were reimbursed or paid directly to O Truslees12021 £NIL to O Trusleesl. Page 20
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 11. TANGIBLE FIXED ASSETS Fixtures and fittings Office equipment Total COST At 1 July 2021 Additions 12.272 28.567 515 40.839 515 At 30 June 2022 12,272 29,082 41,354 DEPRECIATION At 1 July 2021 Charge for the year 11,303 23,704 1.248 35,007 1.491 At 30 June 2022 11,546 24.952 36.498 NET BOOK VALUE At 30 June 2022 726 4,130 4,856 At 30 June 2021 4,863 5,832 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 other debtors 819 Prepayments and accrued income 5,523 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Trade creditors Other laxalion and social security Other creditors Accruals and deferred income 2,954 2,596 6,810 1.370 3.250 3,150 11,561 8,700 Page 21
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 14. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 30 June 2022 Balance at 1 July 2021 Transfers inlout Income Expenditure DESIGNATED FUNDS Fixed Assets 5.832 11.4911 515 4.856 GENERAL FUNDS General Funds 105,602 155,707 {174,5411 {515} 86,253 TOTAL UNRESTRICTED FUNDS 111,434 155,707 {176,0321 91,109 RESTRICTED FUNDS Coronavirus Job Retention Scheme Grant 9.856 19.8561 National Lottery Community Fund 935 62,759 163,6941 11,6421 129.0461 14.4001 12,3221 16751 Other Victim Support Grant Plymouth City Council Womble Bond Dickinson Devon Community Grant 1,642 29,046 4.400 2,322 2,313 1,638 2.577 110.696 {111.6351 1.638 TOTAL OF FUNDS 114,011 266,403 {287,6671 92,747 Restricted Fund$ The Coronavirus Job Retention Scheme fund is a temporary initiative that allows employers lo access financial support to pay part of their employees, wages. The government introduced the initiative lo enable employers to retain employees who they may otherwise have been forced lo lay off during the Covid-19 pandemic. Other funds represents donations given to cover training costs and the purchase of educational material. Page 22
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 14. STATEMENT OF FUNDS (CONTINUEDI STATEMENT OF FUNDS- PRIOR YEAR Balance at 30 June 2021 Balance at 1 July 2020 Transfers inlout Income Expenditure DESIGNATED FUNDS Fixed Assets 7,776 11,9441 5,832 GENERAL FUNDS General Funds 104,631 48,139 147,2491 81 105,602 TOTAL UNRESTRICTED FUNDS 112,407 48,139 149,1931 81 111,434 RESTRICTED FUNDS Coronavirus Job Retention Scheme Grant National Lottery Community Fund CAF Resilience Fund 10,650 85,955 196,6051 70,000 38,983 2,650 169,0651 138,9831 12,4241 935 Other 1,497 1811 1,642 12,147 197,588 1207,0771 1811 2,577 TOTAL OF FUNDS 124,554 245,727 1256,2701 114,011 Page 23
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 15. SUMMARY OF FUNDS SUMMARY OF FUNDS- CURRENT YEAR Balance at 30 June 2022 Balance at 1 July 2021 Transfers inlout Income Expenditure Designated funds General funds 5.832 105,602 2,577 11.4911 {174,5411 {111,6351 515 {515} 4.856 86,253 1,638 155,707 110,696 Reslricled funds 114.011 266,403 {287.6671 92.747 SUMMARY OF FUNDS- PRIOR YEAR Balance at 30 June 2021 Balance at 1 July 2020 Transfers inlout Income Expenditure Designated funds General funds Reslricled funds 7,776 104,631 12,147 11,9441 147,2491 1207,0771 5,832 105,602 2,577 48,139 197,588 81 1811 124,554 245,727 1256,2701 114,011 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR Unrestricted Restricted funds funds 2022 2022 Total funds 2022 Tangible fixed assets Current assets 4,856 97,814 111,5611 4.856 99,452 111,5611 1,638 Creditors due within one year TOTAL 91,109 1,638 92.747 Page 24
JEREMIAH'S JOURNEY IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS ICONTINUEDI ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Unrestricted funds 2021 Reslricled funds 2021 Total funds 2021 Tangible fixed assets Current assets Creditors due within one year 5,832 114,302 18,7001 5,832 116,879 18,7001 2,577 TOTAL 111,434 2,577 114,011 17. PENSION COMMITMENTS The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity In an independently administered fund. The pension cost charge represents contributions payable by the Charity lo the fund and amounted to £4,079 12021. £4,079). Contributions lotalling £1,370 12021.. £Nill were payable to the fund al the balance sheet dale and are Included In creditors. 18. RELATED PARTY TRANSACTIONS The Charity has not entered into any related paty transaction during the year, nor are there any outstanding balances owing belween related parties and the Charity at 30 June 2022. 19. CONTROLLING PARTY The Charity has been under the control of the Trustees throughout the current and prior years. Page 25