Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
Annual Report and Financial Statements
for the Year ended 31[st] March 2022
1
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
CONTENTS
| NTS | |
|---|---|
| Page | |
| Report of the Trustees | 3 – 7 |
| Balance Sheet | 8 |
| Statement of Financial Activities | 9 |
| Notes to the Statement of Financial Activities | 10 - 14 |
2
Journeyman Mentoring Network Limited Charity Number: 1149581
Registered Company Number: 07519889 (Limited by guarantee)
The Trustees (who are also Directors of the Company for the purposes of company law) present their report together with the financial statements for the year ended 31[st] March 2022.
REFERENCE and ADMINSTRATIVE INFORMATION
Charity Name: Journeyman Mentoring Network Limited Charity number: 1149581 (England and Wales) Company number: 07519889 (England and Wales) Registered office and 1 The Yard Principal address: St Werburghs Bristol BS2 9YR Website address: www.journeymanuk.org
Trustees:
Bruno Sabin Michael Rose (resigned 26 August 2021) Philip Pryer Keith Doyle (resigned 13 July 2021) Anita Cheung Mike Raven (appointed 31 August 2021) Peter Frearson
Secretary Luke James HARNEY (Appointed 31/08/2021)
3
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
STRUCTURE, GOVERNANCE and MANAGEMENT
The Charity’s governing document is its Memorandum and Articles of Association incorporated 7[th] February 2011.
It is governed by its Board of Trustees. Trustees are confirmed by the Board in a general meeting.
The management of the charity is vested in its board of trustees headed by the Chairman which meets regularly as necessary and is assisted by professional help and assistance as deemed appropriate by the Board or under statutory requirement.
Trustees are recruited through open advertisement and interview, being appointed for a period of four years and may serve two terms. Given the range of charitable activities and the various financial assets of the Charity, care is taken to ensure that new members of the Board have the appropriate skills required.
All Trustees give of their time freely and no trustee remuneration was paid in the year. Trustees are required to disclose all relevant interests and register them with the Chairman at least annually. It is customary for a trustee to withdraw from discussions and decisions where a conflict of interest arises, is declared or detected.
All new Trustees are given the opportunity to meet with the Office Team; new trustees are provided with briefing material, including a copy of the Charity Scheme, key policy documents and minutes from the Board and Committee meetings to introduce and explain their role, and the full remit of the Charity.
OBJECT and ACTIVITIES
The Charity’s objectives are as stated in its Governing Document, being the advancement and help of young boys through the provision of recreational and leisure-time activities, provided in the interests of social welfare and for the improvement of their life conditions; further, to provide support and activities which develop skills, capacities and capabilities, enabling young boys to participate in society as mature and responsible individuals.
STATEMENT of PUBLIC BENEFIT
During the period under review, Journeyman Mentoring Network Limited developed and delivered a series of bot new and existing projects across different communities. This consisted of both online and physical (i.e. in person) workshops and events for mentors, guardians and, adults working with teenage boys.
4
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
ACHIEVEMENTS
During the financial year ending 31 March 2021 Journeyman Mentoring Network Ltd ran online and in person workshops and events for mentors, guardians and adults working with teenage boys. These were two online "Understanding Young Men" courses and two "Inner Mentor Training" weekends.
We diversified the events we provided for teenage boys with regard to the restrictions arising due to the COVID 19 pandemic. We provided two non-residential day experience for small groups of up to eight boys called the "Power Up Intensive", as well as drop-in online support sessions called "Power Hour" that ran for ten weeks. We piloted and successfully established one-to-one crisis support for mentees in challenging circumstances. In these sessions individuals received weekly mentoring for several weeks depending on the need.
We also worked in conjunction with education providers; with St. Paul’s Steiner School we held a day workshop for two classes, as an on-going relationship, providing sex and relationship education (SRE) with the school. We also ran a successful pilot scheme called the Frome Outdoor Education Project / Deer Clan, which was a collaboration with two parents in Frome and a local organisation called Five Rivers to provide monthly outdoor nature connection activities and introducing boys to the Journeyman mentoring approach.
As well as our regular local Journeyman groups (JGroups) held in Stroud, Bristol, Glastonbury, Frome and Edinburgh a further group was formed in Hereford. A JGroup development track was developed providing on-going support to establishing groups in the form of weekly visits by trainers, monthly online leader forums and written resource materials.
The charity held a community day and visioning workshop, which was held online.
We continued with our community engagement and different projects - while still navigating the aftermath of COVID-19. Across the year, we delivered two ‘Inner Mentor Training’ weekends, continued to provide 1-to-1 Crisis Mentoring, and PSHE workshops at 2 different education providers (in Bristol and London) using the Journeyman approach. Despite not being able to run our annual Rites of Passage Adventure (RoPA) Weekend again during this period, we delivered ‘Into the Dark’ as an alternative; 2 one-day ‘COVID friendly’ intensives with as many boys attending as would attend with a standard RoPA Weekend.
The Outdoor Education project that we began in 2020 with our collaborators has since become a year- long monthly program for younger boys, who have been feeding into the local Frome Journeyman group as a result. This was led by Frome mentors with Luke Harney guiding and helping delivery.
Other one-off projects were also delivered during the year. The first of these being online ‘Power Hour’ sessions to help boys with studying for exams, and the second being ‘Safe on the Streets’ - a Stroud-based intensive for 4 young teenage boys on knife crime, was delivered in response to parents’ requests following a localised incident.
Risk Management
The Trustees are conscious of the advice contained in The Charity Commission Document (CC26) Page 10 Paragraph 33.3. The CFHT falls under the category of a Smaller Charity where the annual income is below the statutory audit threshold. Notwithstanding this, in the interests of maintaining a
5
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
policy of “good practice”, ongoing development of the Risk Management Plan will be undertaken routinely.
FINANCIAL REVIEW
Net Income received within the period rose to £25,669 (prior year £564), with commensurate retained funds carried forward of £40,330 (prior year £14,661).
Restricted Funds remained unchanged to the prior year at £1,817, with Unrestricted Funds rising to £38,513 (prior year £12,844).
The Trustees consider the financial performance of the Charity during the period under review to have been satisfactory and commensurate with the planned activities through the period under review and, projected for the subsequent year.
Reserves Policy
The Trustees have examined the Charity’s requirements for reserves in light of the risks to the organisation and consider that reserves should be held which would be sufficient to meet its working capital requirements for at least six months. However, reserves may exceed this level if no immediate opportunity to use the funds to achieve the charity’s objective is available.
The Trustees are satisfied that the Charity’s assets are fully available, well managed and covered under the Financial Services Compensation Scheme.
6
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
TRUSTEES RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees’ Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the financial resources and application of resources 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 of the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and to prepare the financial statements on the going-concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ascertain to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008, both as amended subsequently, and the provisions of the Constitution, Governing Document or Trust Deed. Additionally, the Trustees are cognisant of the requirement to implement financial controls and reporting under the Charity Commission best practice, currently being the FRS 102 SORP Statement of Recommended Practice for Accounting and Reporting by Charities 2015, as amended subsequently.
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 charity and financial information included on the charity’s website.
This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, together with the Charities Act 1993, was approved by the trustees on 31/01/2023 and signed on their behalf by:
NAME Richard Shaw POSITION IN THE CHARITY Treasurer
7
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
BALANCE SHEET
as at 31[st] March 2022
| Not e Fixed Assets Tangible Assets at Cost Accumulated Depreciation Current Assets Debtors 2 Cash at Bank 3 Cash in Hand 3 Current Liabilities Creditors (falling due within one year) 4 Net Current Assets Net Assets Funds of the Charity Retained Surplus B/F Current Year Surplus / (Deficit) 8 Total Funds |
Unrestricted Funds Restricted Funds Total Total 2022 2021 |
|---|---|
| 888 888 1,357 (888) (888) (469) |
|
| 0 0 888 36,584 1,816 38,40 0 11,92 4 1,930 1,930 1,849 |
|
| 38,514 1,816 40,33 0 13,77 3 |
|
| 38,514 1,816 40,33 0 13,77 3 |
|
| 38,514 1,816 40,33 0 14,66 1 12,844 1,817 14,66 1 14,09 7 25,669 0 25,66 9 564 |
|
| 38,513 1,817 40,33 0 14,66 1 |
|
| 38,513 1,817 40,33 0 14,66 1 |
The Trustees (who are also the directors of the company for the purposes of company law) confirm that for the year ended 31[st] March 2022:
-
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 (“the Act”), and
-
Members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
8
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
These accounts were approved by the Trustees on 31/01/2023 and signed on their behalf by:
NAME Richard Shaw POSITION IN THE CHARITY Treasurer
9
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
STATEMENT of FINANCIAL ACTIVITIES
for the year ended 31[st] March 2022
| Not e Incoming Resources Income from Generated Funds Voluntary Income 4 Investment Income Income from Charitable Activities Other Income Resources Expended Costs of Generating Voluntary Income 5 Cost of Charitable Activities 6 Governance Costs 7 Reconciliation of Funds Net Income / (Expenditure) Transfers between Funds Net Movement in Funds Total Funds Brought Forward Total Funds Carried Forward |
Unrestricted Funds Restricted Funds Total Total 2022 2021 |
|---|---|
| 43,872 43,87 2 8,562 8,706 8,706 1,603 |
|
| 52,578 52,57 8 10,16 5 2,737 2,737 10,939 10,93 9 9,601 13,233 13,23 3 |
|
| 26,908 26,90 8 9,601 25,669 25,66 9 564 |
|
| 25,669 25,66 9 564 12,844 1,817 14,66 1 14,09 7 |
|
| 38,513 1,817 40,33 0 14,66 1 |
The Statement of Financial Activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.
The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
The notes on pages 10 to 12 form an integral part of these financial statements for the benefit of the Trustees.
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Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
NOTES to the STATEMENT of FINANCIAL ACTIVITIES
1. Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Journeyman Mentoring Network Ltd 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 notes.
b) Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
c) 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 the 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.
d) 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.
e) Funds accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the 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.
f) 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.
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Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
g) Allocation of support and governance costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been identified as a separate entry within he accounts for clarity and transparency.
h) Tangible fixed assets
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Fixtures and fittings
25% straight line
i) Stock
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
j) 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.
k) 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.
l) 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.
m) Financial instruments
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
n) Pension costs
The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA. There were no employees during the financial year ending 31 March 2021 (2020: Nil).
o) Foreign currency transactions
Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.
p) Accounting estimates and key judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.
Depreciation
As described in note 1(h) to the financial statements, depreciation is provided at rates calculated to write down
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Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
the cost of each asset to its estimated residual value over its expected useful life.
13
Journeyman Mentoring Network Limited Charity Number: 1149581
Registered Company Number: 07519889 (Limited by guarantee)
- Transactions with trustees and related parties
No remuneration or expenses were paid or reimbursed to trustees or related parties.
- Cash at Bank
| Cash in Hand Bank Current account |
Unrestricte d Funds Restricte d Funds Total 2022 Total 2021 |
|---|---|
| 1930 1930 1849 36584 1816 38400 11924 |
|
| 38514 1816 40330 13773 |
- Creditors (falling due within one year)
| Trade Creditors |
Unrestricte d Funds Restricte d Funds Tota l 2022 Tota l 202 1 |
| 0 0 0 |
|
| 0 0 0 |
- Voluntary Income
| Incoming Resources Mentor Fees Boys Fees Donations Online Courses Grants |
Unrestricted Funds Restricted Funds Total Total 2022 2021 |
|---|---|
| 3,605 3,605 1,603 3,155 3,155 38,872 38,87 2 8,562 1,946 1,946 5,000 5,000 |
|
| 52,578 52,57 8 10,165 |
- Cost of Generating Voluntary Income
| Fundraising Marketing Bank Fees |
Unrestricted Funds Restricted Funds Total Total 2022 2021 2,464 2,464 178 178 95 95 2,737 2,737 |
|---|---|
14
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
6. Costs of Charitable Activities
| Group Expenses Group Refreshments Venue Rent Trainer Fees Travel |
Unrestricted Funds Restricted Funds Total Total 2022 2021 990 990 4,697 268 268 86 1,595 1,595 910 7,952 7,952 1,739 135 135 10,939 10,93 9 7,432 |
|---|---|
7. Costs of Governance
| Recruitment Costs Insurance Administration Office Expenses Depreciation Rounding/ Sundry |
Unrestricted Funds Restricted Funds Total Total 2022 2021 |
|---|---|
| 175 175 866 866 836 11,244 11,24 4 677 60 60 188 888 888 469 0 (1) |
|
| 13,233 13,23 3 2,169 |
15
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
8. Current Year Surplus / (Deficit)
| Incoming Resources Mentor Fees Boys Fees Donations Online Courses Grants Expenditure Group Expenses Group Refreshments Venue Rent Fundraising Marketing Recruitment Costs Trainer Fees Travel Insurance Administration Office Expenses Bank Fees Depreciation Rounding/ Sundry Surplus/ (Deficit) |
Unrestricted Funds Restricted Funds Total Total 2022 2021 |
|---|---|
| 3,605 3,605 1,603 3,155 3,155 38,872 38,87 2 8,562 1,946 1,946 5,000 5,000 |
|
| 52,578 52,57 8 10,165 990 990 4,697 268 268 86 1,595 1,595 910 2,464 2,464 178 178 175 175 7,952 7,952 1,739 135 135 866 866 836 11,244 11,24 4 677 60 60 188 95 95 888 888 469 0 (1) |
|
| 26,908 0 26,90 8 9,601 |
|
| 25,669 0 25,66 9 564 |
16
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
Annual Report and Financial Statements
for the Year ended 31[st] March 2022
1
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
CONTENTS
| NTS | |
|---|---|
| Page | |
| Report of the Trustees | 3 – 7 |
| Balance Sheet | 8 |
| Statement of Financial Activities | 9 |
| Notes to the Statement of Financial Activities | 10 - 14 |
2
Journeyman Mentoring Network Limited Charity Number: 1149581
Registered Company Number: 07519889 (Limited by guarantee)
The Trustees (who are also Directors of the Company for the purposes of company law) present their report together with the financial statements for the year ended 31[st] March 2022.
REFERENCE and ADMINSTRATIVE INFORMATION
Charity Name: Journeyman Mentoring Network Limited Charity number: 1149581 (England and Wales) Company number: 07519889 (England and Wales) Registered office and 1 The Yard Principal address: St Werburghs Bristol BS2 9YR Website address: www.journeymanuk.org
Trustees:
Bruno Sabin Michael Rose (resigned 26 August 2021) Philip Pryer Keith Doyle (resigned 13 July 2021) Anita Cheung Mike Raven (appointed 31 August 2021) Peter Frearson
Secretary Luke James HARNEY (Appointed 31/08/2021)
3
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
STRUCTURE, GOVERNANCE and MANAGEMENT
The Charity’s governing document is its Memorandum and Articles of Association incorporated 7[th] February 2011.
It is governed by its Board of Trustees. Trustees are confirmed by the Board in a general meeting.
The management of the charity is vested in its board of trustees headed by the Chairman which meets regularly as necessary and is assisted by professional help and assistance as deemed appropriate by the Board or under statutory requirement.
Trustees are recruited through open advertisement and interview, being appointed for a period of four years and may serve two terms. Given the range of charitable activities and the various financial assets of the Charity, care is taken to ensure that new members of the Board have the appropriate skills required.
All Trustees give of their time freely and no trustee remuneration was paid in the year. Trustees are required to disclose all relevant interests and register them with the Chairman at least annually. It is customary for a trustee to withdraw from discussions and decisions where a conflict of interest arises, is declared or detected.
All new Trustees are given the opportunity to meet with the Office Team; new trustees are provided with briefing material, including a copy of the Charity Scheme, key policy documents and minutes from the Board and Committee meetings to introduce and explain their role, and the full remit of the Charity.
OBJECT and ACTIVITIES
The Charity’s objectives are as stated in its Governing Document, being the advancement and help of young boys through the provision of recreational and leisure-time activities, provided in the interests of social welfare and for the improvement of their life conditions; further, to provide support and activities which develop skills, capacities and capabilities, enabling young boys to participate in society as mature and responsible individuals.
STATEMENT of PUBLIC BENEFIT
During the period under review, Journeyman Mentoring Network Limited developed and delivered a series of bot new and existing projects across different communities. This consisted of both online and physical (i.e. in person) workshops and events for mentors, guardians and, adults working with teenage boys.
4
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
ACHIEVEMENTS
During the financial year ending 31 March 2021 Journeyman Mentoring Network Ltd ran online and in person workshops and events for mentors, guardians and adults working with teenage boys. These were two online "Understanding Young Men" courses and two "Inner Mentor Training" weekends.
We diversified the events we provided for teenage boys with regard to the restrictions arising due to the COVID 19 pandemic. We provided two non-residential day experience for small groups of up to eight boys called the "Power Up Intensive", as well as drop-in online support sessions called "Power Hour" that ran for ten weeks. We piloted and successfully established one-to-one crisis support for mentees in challenging circumstances. In these sessions individuals received weekly mentoring for several weeks depending on the need.
We also worked in conjunction with education providers; with St. Paul’s Steiner School we held a day workshop for two classes, as an on-going relationship, providing sex and relationship education (SRE) with the school. We also ran a successful pilot scheme called the Frome Outdoor Education Project / Deer Clan, which was a collaboration with two parents in Frome and a local organisation called Five Rivers to provide monthly outdoor nature connection activities and introducing boys to the Journeyman mentoring approach.
As well as our regular local Journeyman groups (JGroups) held in Stroud, Bristol, Glastonbury, Frome and Edinburgh a further group was formed in Hereford. A JGroup development track was developed providing on-going support to establishing groups in the form of weekly visits by trainers, monthly online leader forums and written resource materials.
The charity held a community day and visioning workshop, which was held online.
We continued with our community engagement and different projects - while still navigating the aftermath of COVID-19. Across the year, we delivered two ‘Inner Mentor Training’ weekends, continued to provide 1-to-1 Crisis Mentoring, and PSHE workshops at 2 different education providers (in Bristol and London) using the Journeyman approach. Despite not being able to run our annual Rites of Passage Adventure (RoPA) Weekend again during this period, we delivered ‘Into the Dark’ as an alternative; 2 one-day ‘COVID friendly’ intensives with as many boys attending as would attend with a standard RoPA Weekend.
The Outdoor Education project that we began in 2020 with our collaborators has since become a year- long monthly program for younger boys, who have been feeding into the local Frome Journeyman group as a result. This was led by Frome mentors with Luke Harney guiding and helping delivery.
Other one-off projects were also delivered during the year. The first of these being online ‘Power Hour’ sessions to help boys with studying for exams, and the second being ‘Safe on the Streets’ - a Stroud-based intensive for 4 young teenage boys on knife crime, was delivered in response to parents’ requests following a localised incident.
Risk Management
The Trustees are conscious of the advice contained in The Charity Commission Document (CC26) Page 10 Paragraph 33.3. The CFHT falls under the category of a Smaller Charity where the annual income is below the statutory audit threshold. Notwithstanding this, in the interests of maintaining a
5
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
policy of “good practice”, ongoing development of the Risk Management Plan will be undertaken routinely.
FINANCIAL REVIEW
Net Income received within the period rose to £25,669 (prior year £564), with commensurate retained funds carried forward of £40,330 (prior year £14,661).
Restricted Funds remained unchanged to the prior year at £1,817, with Unrestricted Funds rising to £38,513 (prior year £12,844).
The Trustees consider the financial performance of the Charity during the period under review to have been satisfactory and commensurate with the planned activities through the period under review and, projected for the subsequent year.
Reserves Policy
The Trustees have examined the Charity’s requirements for reserves in light of the risks to the organisation and consider that reserves should be held which would be sufficient to meet its working capital requirements for at least six months. However, reserves may exceed this level if no immediate opportunity to use the funds to achieve the charity’s objective is available.
The Trustees are satisfied that the Charity’s assets are fully available, well managed and covered under the Financial Services Compensation Scheme.
6
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
TRUSTEES RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees’ Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the financial resources and application of resources 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 of the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and to prepare the financial statements on the going-concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ascertain to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008, both as amended subsequently, and the provisions of the Constitution, Governing Document or Trust Deed. Additionally, the Trustees are cognisant of the requirement to implement financial controls and reporting under the Charity Commission best practice, currently being the FRS 102 SORP Statement of Recommended Practice for Accounting and Reporting by Charities 2015, as amended subsequently.
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 charity and financial information included on the charity’s website.
This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, together with the Charities Act 1993, was approved by the trustees on 31/01/2023 and signed on their behalf by:
NAME Richard Shaw POSITION IN THE CHARITY Treasurer
7
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
BALANCE SHEET
as at 31[st] March 2022
| Not e Fixed Assets Tangible Assets at Cost Accumulated Depreciation Current Assets Debtors 2 Cash at Bank 3 Cash in Hand 3 Current Liabilities Creditors (falling due within one year) 4 Net Current Assets Net Assets Funds of the Charity Retained Surplus B/F Current Year Surplus / (Deficit) 8 Total Funds |
Unrestricted Funds Restricted Funds Total Total 2022 2021 |
|---|---|
| 888 888 1,357 (888) (888) (469) |
|
| 0 0 888 36,584 1,816 38,40 0 11,92 4 1,930 1,930 1,849 |
|
| 38,514 1,816 40,33 0 13,77 3 |
|
| 38,514 1,816 40,33 0 13,77 3 |
|
| 38,514 1,816 40,33 0 14,66 1 12,844 1,817 14,66 1 14,09 7 25,669 0 25,66 9 564 |
|
| 38,513 1,817 40,33 0 14,66 1 |
|
| 38,513 1,817 40,33 0 14,66 1 |
The Trustees (who are also the directors of the company for the purposes of company law) confirm that for the year ended 31[st] March 2022:
-
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 (“the Act”), and
-
Members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
8
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
These accounts were approved by the Trustees on 31/01/2023 and signed on their behalf by:
NAME Richard Shaw POSITION IN THE CHARITY Treasurer
9
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
STATEMENT of FINANCIAL ACTIVITIES
for the year ended 31[st] March 2022
| Not e Incoming Resources Income from Generated Funds Voluntary Income 4 Investment Income Income from Charitable Activities Other Income Resources Expended Costs of Generating Voluntary Income 5 Cost of Charitable Activities 6 Governance Costs 7 Reconciliation of Funds Net Income / (Expenditure) Transfers between Funds Net Movement in Funds Total Funds Brought Forward Total Funds Carried Forward |
Unrestricted Funds Restricted Funds Total Total 2022 2021 |
|---|---|
| 43,872 43,87 2 8,562 8,706 8,706 1,603 |
|
| 52,578 52,57 8 10,16 5 2,737 2,737 10,939 10,93 9 9,601 13,233 13,23 3 |
|
| 26,908 26,90 8 9,601 25,669 25,66 9 564 |
|
| 25,669 25,66 9 564 12,844 1,817 14,66 1 14,09 7 |
|
| 38,513 1,817 40,33 0 14,66 1 |
The Statement of Financial Activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.
The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
The notes on pages 10 to 12 form an integral part of these financial statements for the benefit of the Trustees.
10
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
NOTES to the STATEMENT of FINANCIAL ACTIVITIES
1. Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Journeyman Mentoring Network Ltd 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 notes.
b) Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
c) 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 the 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.
d) 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.
e) Funds accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the 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.
f) 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.
11
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
g) Allocation of support and governance costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been identified as a separate entry within he accounts for clarity and transparency.
h) Tangible fixed assets
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Fixtures and fittings
25% straight line
i) Stock
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
j) 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.
k) 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.
l) 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.
m) Financial instruments
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
n) Pension costs
The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA. There were no employees during the financial year ending 31 March 2021 (2020: Nil).
o) Foreign currency transactions
Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.
p) Accounting estimates and key judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.
Depreciation
As described in note 1(h) to the financial statements, depreciation is provided at rates calculated to write down
12
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
the cost of each asset to its estimated residual value over its expected useful life.
13
Journeyman Mentoring Network Limited Charity Number: 1149581
Registered Company Number: 07519889 (Limited by guarantee)
- Transactions with trustees and related parties
No remuneration or expenses were paid or reimbursed to trustees or related parties.
- Cash at Bank
| Cash in Hand Bank Current account |
Unrestricte d Funds Restricte d Funds Total 2022 Total 2021 |
|---|---|
| 1930 1930 1849 36584 1816 38400 11924 |
|
| 38514 1816 40330 13773 |
- Creditors (falling due within one year)
| Trade Creditors |
Unrestricte d Funds Restricte d Funds Tota l 2022 Tota l 202 1 |
| 0 0 0 |
|
| 0 0 0 |
- Voluntary Income
| Incoming Resources Mentor Fees Boys Fees Donations Online Courses Grants |
Unrestricted Funds Restricted Funds Total Total 2022 2021 |
|---|---|
| 3,605 3,605 1,603 3,155 3,155 38,872 38,87 2 8,562 1,946 1,946 5,000 5,000 |
|
| 52,578 52,57 8 10,165 |
- Cost of Generating Voluntary Income
| Fundraising Marketing Bank Fees |
Unrestricted Funds Restricted Funds Total Total 2022 2021 2,464 2,464 178 178 95 95 2,737 2,737 |
|---|---|
14
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
6. Costs of Charitable Activities
| Group Expenses Group Refreshments Venue Rent Trainer Fees Travel |
Unrestricted Funds Restricted Funds Total Total 2022 2021 990 990 4,697 268 268 86 1,595 1,595 910 7,952 7,952 1,739 135 135 10,939 10,93 9 7,432 |
|---|---|
7. Costs of Governance
| Recruitment Costs Insurance Administration Office Expenses Depreciation Rounding/ Sundry |
Unrestricted Funds Restricted Funds Total Total 2022 2021 |
|---|---|
| 175 175 866 866 836 11,244 11,24 4 677 60 60 188 888 888 469 0 (1) |
|
| 13,233 13,23 3 2,169 |
15
Journeyman Mentoring Network Limited Charity Number: 1149581 Registered Company Number: 07519889 (Limited by guarantee)
8. Current Year Surplus / (Deficit)
| Incoming Resources Mentor Fees Boys Fees Donations Online Courses Grants Expenditure Group Expenses Group Refreshments Venue Rent Fundraising Marketing Recruitment Costs Trainer Fees Travel Insurance Administration Office Expenses Bank Fees Depreciation Rounding/ Sundry Surplus/ (Deficit) |
Unrestricted Funds Restricted Funds Total Total 2022 2021 |
|---|---|
| 3,605 3,605 1,603 3,155 3,155 38,872 38,87 2 8,562 1,946 1,946 5,000 5,000 |
|
| 52,578 52,57 8 10,165 990 990 4,697 268 268 86 1,595 1,595 910 2,464 2,464 178 178 175 175 7,952 7,952 1,739 135 135 866 866 836 11,244 11,24 4 677 60 60 188 95 95 888 888 469 0 (1) |
|
| 26,908 0 26,90 8 9,601 |
|
| 25,669 0 25,66 9 564 |
16
Unit A3 Mountbatten Business Park Jackson Close Portsmouth Hampshire P06 IUS Balancing the Books Independent Examination Report 31" January 2023 Dear Sir I have undertaken a review of the accounts and records of Journeyman Mentoring Network Limited, a registered charity (Number 11495811, for the year ended March 31" 2022. The Charity is also a Company, limited by guarantee INumber 075198891- neither charity nor company is required to be audited under the provisions of Charity ond Corporate Governance statute. therefore forthe purposes of this examination, Charity Commission Guidance CC32 has been utilised. During this review approximately 90Yo of the transactions were reviewed and assessed,. the data was then retonciled with their existing records. Additionally, l examined and reconciled bank statements and details for the accounts held in the name of Journeyman Mentoring Network Limited. I raised questions with the current Honorary Treasurer and also with the Company Secretary, which were handled in an open and timely manner, with full disclosure. The year in review showed donations having been received from external and unrelated organisations,- Journeyman Mentoring Network Limited (henceforth JMNLI confirmed that the source of the funds had been verified in èccordance with Anti-money Laundering regulations, that receipts had been issued and, that the funds were recorded as either Reserved or Unrese¢ved. subject to the tem)s of the original donation. The majority149%1 of non-charitable expenditure was on Governance, in regard to Administration, legal costs associated with Disclosure and Barring, Depreciation and, Recruitment. Costs associated with Charitable Activities141%1 related to the provision of Group Sessions for young boys. facilitated by a trainer/ trainers, at appropriate venues within the operational area. The Charity has demonstrated diligent and transparent management of the finances within the period under review,. subsequent to the closure of the period, the Trustees have retained the services of a new Bookkeeper and implemented use of a third-party proprietary software package (Quickbooks Online) to further improve financial management and control. The engagement of the Trustees has been demonstrated with the position of Treasurer active in the internal management of JMNL. The charity's Board of Trustees has demonstrated on going internal process improvements in line with Charity Commission guidelines and regLolations. Re¥15tered as a Llmfted Company in England and Wales, 7646453. VAT number 128 5552 05 IC8 Membership Number.. 346038: IC8 Practice Licence Nurnber.. 13056
Unit A3 Mountbatten 8usiness Park Jack50n Close Portsmouth Hampshire P06 IUS Balancing the Books I have no concerns and, have not identified any matters in connection with the examination to which attention Should be drawn in ordei to enable a full and proper understandin8 of the accounts to be reached. There are no recommendations arising. No liability or legal responsibility is accepted for the state of the financial statements as this assessment relates to an examinotion of best practice only and is notan audit. Therefore, no comment on the content of the statements is made or implied. NOTE- Thls report contains two12) pages in total and may not be utllised. read or accepted unless as a whole. Yours faithfully. Jonathan Kemp BAIHonsl. MBCS. MIC8 Rtgisteftd as a Lbrnited Company in Ewlind Wa5, rwmtf 7646453- VAT number 128 5552 05 ICB Memtwship Number: 34Ei138,. ICB plac ence Number.. 13056