J.E.TS Centre
Charity No. 1151208
Company No. 08139666
Trustees’ Report and Unaudited Accounts
31 July 2023
J.E.TS Centre Contents
| Pages | ||
|---|---|---|
| Trustees’ Annual Report | 2to5 | |
| Independent Examiner's Report | 6 | |
| Statement of Financial Activities | 7 | |
| Summary Income and Expenditure Account | 8 | |
| Balance Sheet | s | |
| NotestotheAccounts | 10to | 15 |
Page 1
J.E.TS Centre Trustees Annual Report
J.E.TS Centre
Trustee’s Annual Report
For the year ended 31 July 2023
The trustees, who are also Directors for the purposes of the Companies Act, present their Annual Report and Financial Statement of the charity for the year ended 31 July 2022. The financial accounts have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Standard 102 applicable in the UK and Republic of treland.
The Charity
J.E.TS Centre is constituted as a Company limited by guarantee and not having a share capital. The company is registered in England and Wales No. 08139666. The Charity is registered with the Charities Commission No 1151208. The principal governing document is the Company Memorandum and Articles of Association dated 5" February 2013. The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for Charities applying FRS102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
Objects and Activities
The objects of the Charity are to: -
-
1) Provide the necessary facilities for the daily care, recreation of children during school, and out of school hours and school holidays
-
2) Benefit the residents of Sefton and the neighbourhood, without distinction of sex, sexual orientation, race or political, religious or other opinions by associating together the said residents and local authorities, voluntary or other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation, leisure time occupation with the objective of improving the conditions of life for residents
-
3) Promote such other charitable purposes as may from time to time be determined
The Charity aims to achieve its objects through the provision of childcare facilities through two breakfast/ after school clubs, nursery and one holiday club for children aged 2-12.
In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission’s guidance on public benefit.
Achievements and Performance
J.E.TS Centre is based in a large detached building in spacious grounds in Waterloo and within the school buildings of St Nicholas Church of England Primary School in Blundellsands and their Church Hall. All are conveniently placed for a number of local schools and supports families from the Waterloo, Crosby, Blundellsands, Thornton, Seaforth and surrounding areas.
Page 2
J.E.TS Centre
Trustees Annual Report
We continue to work closely with all the statutory bodies and in particular Sefton CVS to help us develop and improve the services we provide for the local community.
Financial Review
The operational deficit on the general fund during the year was £1,507,
The current year deficit which remains a concern, has arisen due to the ongoing effects of the global pandemic, and its impact on demand for services and our ability to continue to provide adequate support from our staff. With the longer-term wider impact and the work from home rules we have seen an impact on numbers attending regularly and where parents were booking for 5 days per week we are seeing this reducing to 3 or 4 days on average. A reduction in central government financing has also had a negative impact on finances and with the loss of the Coronavirus Job Retention Scheme has impacted greatly on our ability to maintain our skilled staff base at levels which will support us recovering back to pre-pandemic fee levels.
On closer analysis of the income streams the Trustees, working closely with the Chief Executive Officer, have pinpointed that the Nursery service has been most affected by continuing ‘work from home’ options for parents. A thorough review of the Nursery provision has been completed with significant structural change implemented which we firmly believe will see the income stream return to surplus. The CEO and Trustees will continue to monitor this regularly as we progress through the current financial year. Additional short term working capital has been made available to ensure the transition period does not hamper the implementation of changes.
Our parent base has remained supportive of the Centre and their ongoing commitment to us has been heartening and given us the confidence to continue with the business and with the changes now implemented see a return to generating a surplus shortly.
We continue to look for additional grant support and are in process of applying for further support from Sefton MBC and a number of other Charitable bodies.
The Trustees are confident that the company will recover from the longer term impact of the Coronavirus and with the strategic changes now in place the Charity will return to generating a surplus and that JET’s Centre will continue operating as a going concern.
Reference and Administrative Details
| Charity Number: | 1151208 |
|---|---|
| Company Number: | 08139666 |
| Registered Office: | J.E.TS Centre, Oxford Road, Waterloo, Liverpool L228QF |
| Our Advisors: | |
| Independent Examiner: | Sefton Council forVoluntary Service (CVS) |
| Bankers: | HSBC,99-101LordStreet,LiverpoolL26PG |
Page 3
J.E.TS Centre Trustees Annual Report
Directors and Trustees
The directors of the charitable company (the charity) are its trustees for the purposes of charity law. The trustees and officers serving during the year and since the year end were as follows:
Barry Willan
Christopher McGrory
John Erskine
Structure, Governance and Management
Governing Document
J.E.TS Centre is a company limited by guarantee governed by its Memorandum of Association dated 11" july 2012 as amended on 5“ February 2013. It is registered with the Charity Commission. Anyone over the age of 16 can become a member of the Company and there are currently 3 members, each of whom agrees to contribute £10 in the event of the charity winding up.
Appointment of Trustees
As set out in the Articles of Association the trustees are elected by members of the charitable company attending the Annual General Meeting. The longest service one third of trustees retires each year and is able to offer themselves for re-election.
Organisation
The board of trustees administers the charity. The board normally meets monthly and there are subcommittees covering development, membership, finance and audit which normally meet monthly.
Related parties and co-operation with another organisation
None of the trustees receives remuneration from their work with the charity. One trustee does provide other services to the charity for which they receive benefit. Any connection between a trustee or senior manager of the charity and any client or supplier is disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year one contractual relation with a related party was reported.
Risk Management
The trustees have a risk management strategy which comprises:
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e Anannual review of the principal risks and uncertainties that the charity faces;
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e The establishment of policies, systems and procedures to mitigate those risks identified in the annual review
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® The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
This work has identified that financial sustainability is the major risk for both the charity and the company. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, regular liaison with the bank and active management of debtors and creditors balances to ensure sufficient working capital by the charity.
Page 4
J.E.TS Centre
Trustees Annual Report
Attention has also been focused on non-financial risks arising from fire, health and safety of clients, food hygiene. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place, and regular awareness training for staff working in these operational areas.
Trustee’s Responsibilities
The trustees, who are also the directors of J.E.TS Centre for the purpose of company law, are responsible for preparing the trustee’s report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statement for each financial years which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing the financial statements, the trustees are required to:
-
e Select suitable accounting policies and then apply them consistently
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e Observe the methods and principles on the Charities SORP
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e Make judgements and estimates that are reasonable and prudent
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e State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
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e Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also the responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statement may differ form legislation in other jurisdictions.
The report was approved by the board of trustees on 21* April 2023 and signed on their behalf.
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(+ :
ChristopherJMcGrory
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Trustee
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Page 5
J.E.TS Centre
Independent Examiners Report
Independent Examiner's Report to the trustees of J.E.TS Centre
| report to the charity trustees on my examination of the financial statements of J.E.TS Centre for the year ended 31 July 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | ama member of Institute of Chartered Accountants in England and Wales.
| have completed my examination. i can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
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accounting records were not kept in accordance with section 386 of the 2006 Act ; or
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© the financial statements do not accord with those records; or
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¢ the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
-
¢ the financial statements have not been prepared in accordance with the Charities SORP (FRS 102).
| 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 financial statements to be reached.
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9 ( nghh
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lan Wright FCA Community Accountant Sefton Council for Voluntary Service Burlington House Crosby Road North Waterloo Liverpool L22 OLG 21 April 2024
Page 6
J.E.TS Centre
Statement of Financial Activities
for the year ended 31 July 2023
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|
|funds|Totalfunds|Total|funds|
|2023|2023|2022|
|Notes|£|£|£|
|Income|and|endowments|
|from:|
|Donations|and|legacies|3|500|500|13,915|
|Charitable|activities|4|459,286|459,286|425,064|
|Total|459,786|459,786|438,979|
|Expenditure|on:|
|Charitable|activities|5|461,293|461,293|461,941|
|Total|461,293|461,293|461,941|
|Net gains|on|investments|-|-|-|
|Net expenditure|6|(1,507)|(1,507)|(22,962)|
|Transfers|between|funds|-|-|-|
|Net expenditure|before|other|
|*|EXP|(1,507)|(1,507)|(22,962)|
|gains/(losses)|
|Other gains|and|losses|
|Net movement|in funds|(1,507)|(1,507)|(22,962)|
|Reconciliation|of funds:|
|Total|funds|brought forward|(49,875)|(49,875)|(26,913)|
|Total funds|carried|forward|(51,382)|(51,382)|(49,875)|
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Page 7
J.E.TS Centre
Summary Income and Expenditure Account
for the year ended 31 July 2023
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||||||
|---|---|---|---|---|
|2023|2022|
|£|£|
|Income|459,786|438,979|
|Gross|income|for the year|459,786|438,979|
|Expenditure|457,077|461,941|
|Depreciation|and|charges|for|
|impairment|of fixed|assets|4,216|-|
|Total|expenditure|for the year|461,293|461,941|
|Net expenditure|before|tax for the year|(1,507)|(22,962)|
|Net expenditure|for the year|(1,507)|(22,962)|
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Page 8
J.E.TS Centre
Balance Sheet
at 31 July 2023
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Company|No.|08139666|Notes|2023|2022|
|£|£|
|Fixed|assets|
|Tangible|assets|8|16,852|20,246|
|16,852|20,246|
|Current|assets|
|Debtors|9|8,137|12,975|
|Cash|at|bank|and|in|hand|21,768|30,023|
|29,905|42,998|
|Creditors: Amount|falling due|within|one|year|10|(64,946)|(74,771)|
|Net current|liabilities|(35,041)|(31,773)|
|Total assets|less current|liabilities|(18,189)|(11,527)|
|Creditors:|Amounts|falling|due|after more than|one|year|11|(33,193)|(38,348)|
|Net|liabilities excluding|pension|asset|or|liability|(51,382)|(49,875)|
|Total|net|liabilities|(51,382)|(49,875)|
|The funds|of the|charity|
|Restricted|funds|i|
|Unrestricted|funds|12|
|General|funds|(68,234)|(70,121)|
|Designated|funds|16,852|20,246|
|(51,382)|(49,875)|
|Reserves|12|
|Total funds|(51,382)|{49,875)|
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These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 21 April 2024
And signed on its behalf by:
C.J.McGroryTrustee / - tH aes \ 21 April 2024
Page 9
J.E.TS Centre
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" {effective 1 January 2019). The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The functional currency used is the £ Sterling.
Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The functional currency used is the £ Sterling.
Preparation of the accounts on a going concern basis
At the time of approving the accounts, the trustees’ have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the forseeable future, given the continued support of funder. The bounce back loan is repayable over 5 years. As such these accounts have been prepared under the going concern basis.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|funds|These|are|available|for|use|at|the|discretion|of the|trustees|in|furtherance|of the|
|general|objects|of the|charity.|
|Designated|funds|= These|are|unrestricted|funds|earmarked|by the trustees for|particular|purposes.|
|Revaluation|funds|=‘These|are|unrestricted|funds which|include|a|revaluation|reserve|representing|the|
|restatement|of|investment|assets|at|their|market|values.|
|Restricted|funds|These|are|available|for|use|subject|to|restrictions|imposed|by the donor|or through|
|terms|of an|appeal.|
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Page 10
J.E.TS Centre Notes to the Accounts
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||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Income|
|Recognition|of|Income|is|included|in|the|Statement|of|Financial|Activities|(SoFA)|when|the|charity|
|income|becomes|entitled|to,|and|virtually|certain|to|receive,|the|income|and|the|amount|of|
|the|income|can|be|measured|with|sufficient|reliability.|
|Income|with|related|Where|income|has|related|expenditure|the|income|and|related|expenditure|is|
|expenditure|reported|gross|in|the SoFA.|
|Donations|and|Voluntary|income|received|by way|of grants,|donations|and|gifts|is|included|in|the|
|legacies|the|SoFA when|receivable and|only when|the|Charity|has|unconditional|
|entitlement|to|the|income.|
|Tax|reclaims|on|Income|from|tax|reclaims|is|included|in|the|SoFA|at the same time|as|the|
|donations|and|gifts| gift/donation|to which|it|relates.|
|Donated|services|These|are|only|included|in|income|(with|an|equivalent|amount|in|expenditure)|
|and|facilities|where|the|benefit|to the|Charity|is|reasonably|quantifiable,|measurable|and|
|material.|
|Volunteer|help|The|value|of any volunteer|help|received|is|not|included|in the|accounts.|
|Investment|income|This|is|included|in|the|accounts|when|receivable.|
|Gains/(losses)|on|This|includes|any|gain|or|loss|resulting from|revaluing|investments|to|market value|
|revaluation|of fixed|at|the|end|of the|year.|
|assets|
|Gains/(losses)|on|This|includes|any|gain|or|loss|on|the|sale|of|investments.|
|investment|assets|
|Expenditure|
|Recognition|of|Expenditure|is|recognised|on|an|accruals|basis.|Expenditure|includes|any VAT which|
|expenditure|cannot|be|fully|recovered,|and|is|reported|as|part|of the|expenditure to which|it|
|relates.|
|Expenditure|on|These|comprise the|costs|associated|with|attracting|voluntary|income,|fundraising|
|raising funds|trading|costs|and|investment|management|costs.|
|Expenditure|on|These|comprise|the|costs|incurred|by|the|Charity|in|the|delivery|of|its|activities|and|
|charitable|activities|services|in|the|furtherance|of|its|objects,|including|the|making|of grants|and|
|governance|costs.|
|Grants|payable|All|grant|expenditure|is|accounted|for|on|an|actual|paid|basis|plus|an|accrual|for|
|grants|that|have|been|approved|by the|trustees|at the|end|of the year|but|not yet|
|paid.|
|Governance|costs|—_‘These|include|those|costs|associated|with|meeting the|constitutional|and|statutory|
|requirements|of the|Charity,|including any|audit/independent|examination|fees,|
|costs|linked|to|the|strategic|management|of the|Charity,|together with|a|share|of|
|other|administration|costs.|
|Other expenditure|These|are|support|costs|not|allocated|to|a|particular|activity.|
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Taxation
The charity is exempt from corporation tax on its charitable activities.
Trade and other 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.
Page 11
J.E.TS Centre Notes to the Accounts
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other 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.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
- 2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Income from donations and legacies
| Income fromfrom donations and legacies | |||
|---|---|---|---|
| Unrestricted | Total | Total | |
| 2023 | 2022 | ||
| £ | £ | £ | |
| Sefton Discretionary Grant | - | - | 10,000 |
| HMRCJob Retention Scheme | - | - | 3,915 |
| Sefton CVS | 500 | 500 | - |
| 500 | 500 | 13,915 | |
| Incomefrom charitable activities | |||
| Unrestricted | Total | Total | |
| 2023 | 2022 | ||
| £ | £ | £ | |
| Fee income | 343,948 | 343,948 | 260,803 |
| Nursery education | 115,338 | 115,338 | 164,261 |
| 459,286 | 459,286 | 425,064 |
- 4 Income from charitable activities
Page 12
J.E.TS Centre
Notes to the Accounts
5 Expenditure on charitable activities
| 5 | Expenditure on charitable activities | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||
| 2023 | 2022 | ||||
| £ | £ | £ | |||
| Expenditure on charitable | |||||
| activities | |||||
| Fee income | 93,149 | 93,149 | 86,463 | ||
| Admin costs | |||||
| Bank loan and overdraft | |||||
| interest payable | : | : | aabe | ||
| Employee costs | 360,033 | 360,033 | 365,072 | ||
| Amortisation, depreciation, | |||||
| impairment, profit/loss on | 4,216 | 4,216 | 5,061 | ||
| disposal offixed assets | |||||
| Supportcosts | |||||
| Administrative expenses | 3,895 | 3,895 | 4,059 | ||
| 461,293 | 461,293 | 461,941 | |||
| 6 | Netexpenditure before transfers | ||||
| 2023 | 2022 | ||||
| This is stated after charging: | £ | £ | |||
| Depreciation ofowned fixed assets | 4,216 | 5,061 | |||
| 7 | ~ | Staffcosts | |||
| 2023 | 2022 | ||||
| Salaries and wages | 343,897 | 346,541 | |||
| Social security costs | 10,790 | 13,489 | |||
| Pension costs | 5,346 | 5,042 | |||
| "360,033 | 365,072 | ||||
| No employee received emoluments in excess of£60,000. | |||||
| 8 | Tangiblefixed assets | ||||
| £ | £ | ||||
| Cost or revaluation | |||||
| At 1 August 2022 | 49,765 | 49,765 | |||
| Additions | 822 | 822 | |||
| At 31July 2023 | 50,587 | 50,587 | |||
| Depreciation and | |||||
| impairment | |||||
| At 1August 2022 | 29,519 | 29,519 | |||
| Depreciation chargeforthe | 4,216 | 4,216 | |||
| year | |||||
| At 31July 2023 | 33,735 | 33,735 | |||
| Net book values | |||||
| At 31July 2023 | 16,852 | 16,852 | |||
| At31July2022 | 20,246 | 20,246 |
Page 13
J.E.TS Centre
Notes to the Accounts
| 9 | Debtors | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| £ | £ | ||||||
| Trade debtors | 8,137 | 12,975 | |||||
| 8,137 | 12,975 | ||||||
| 10 | Creditors: | ||||||
| amounts falling due within one | year | ||||||
| 2023 | 2022 | ||||||
| £ | £ | ||||||
| Bank loans and overdrafts | 6,210 | 6,210 | |||||
| Trade creditors | 31,964 | 28,561 | |||||
| Other taxes and social security | 14,831 | 28,060 | |||||
| Other creditors | 11,730 | 11,730 | |||||
| Accruals | 211 | 210 | |||||
| 64,946 | 74,771 | ||||||
| 11 | Creditors: | ||||||
| amounts falling due after more | than | one year | |||||
| 2023 | 2022 | ||||||
| £ | £ | ||||||
| Bank loans and overdrafts | 33,193 | 38,348 | |||||
| 33,193, | 38,348 | ||||||
| 12 | Movement in funds | ||||||
| Incoming | |||||||
| resources | |||||||
| At 1August | August | ; _ aaa other |
Resources expended |
Gross transfers |
At31 July 2023 |
||
| 2022 | gains/losses) | ||||||
| £ | £ | £ | £ | ||||
| Restricted funds: | |||||||
| Unrestricted funds: | |||||||
| General funds | (70,121) | 459,786 | (461,293) | 3,394 | (68,234) | ||
| Designated funds: | |||||||
| Fixed Asset Fund | 20,246 | - | - | (3,394) | 16,852 | ||
| Total | 20,246 | - | 2 | (3,394) | 16,852 | ||
| Totalfunds | (49,875) | 459,786 | (461,293) | - | (51,382) |
Purposes and restrictions in relation to the funds: Designated funds:
Fixed Asset Fund Fixed Assets
Page 14
J.E.TS Centre
Notes to the Accounts
13 Analysis of net assets between funds
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Total|
|funds|
|£|£|
|Fixed|assets|16,852|16,852|
|Net|current|assets|(35,041)|(35,041)|
|Creditors|due|in|more|than|one|year|and|
|_.|(33,193)|(33,193)|
|provisions|
|(51,382)|(51,382)|
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14 Reconciliation of net cash / (net debt)
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||||||||
|---|---|---|---|---|---|---|
|At|1 August|At 31 July|
|2022|Cash|flows|2023|
|£|£|£|
|Cash and|cash|equivalents|30,023|(8,255)|21,768|
|30,023|(8,255)|21,768|
|Bank|loans|(44,558)|5,155|(39,403)|
|(44,558)|$5,155|(39,403)|
|Net|cash|/|(net debt)|(14,535)|(3,100)|(17,635)|
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FRS 102 requires and entity to report changes in net debt in the accounting period.
15 Commitments
Pension commitments
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|||||||
|---|---|---|---|---|---|
|2023|2022|
|£|£|
|The|pension|cost|charge|to the|company|
|amounted|to:|5,346|5,042|
|16|Related|party disclosures|
|Controlling party|
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The company is limited by guarantee and has no share capital; thus no single party controls the company.
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