J.E.TS Centre
Charity No. 1151208
Company No. 08139666
Trustees' Report and Unaudited Accounts
31 July 2025
J.E.TS Centre Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 4 | |
| Independent Examiner's Report | 5 | |
| Statement of Financial Activities | 6 | |
| Summary Income and Expenditure Account | 7 | |
| Balance Sheet | 8 | |
| Notes to the Accounts | 9 to | 15 |
Page 1
J.E.TS Centre Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, herein present their report with the unaudited financial statements of the charity for the year ended 31 July 2025.
The financial statements 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, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 08139666
Charity No. 1151208
Registered Office
J.E.Ts Centre Oxford Road Waterloo Liverpool Merseyside L22 8QF
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
J.J. Erskine C.J. McGrory B.N. Willan
Accountants
Sefton Council for Voluntary Service Burlington House Crosby Road North Waterloo Liverpool L22 0LG
Bankers
HSBC 99-101 Lord Street Liverpool L2 9PG
OBJECTIVES AND ACTIVITIES
The objects of the Charity are to: -
Page 2
J.E.TS Centre Trustees Annual Report
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.
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 surplus on the general fund during the year was £23,892.
The current year surplus is a welcome return but concerns do remain over the many pressures placed on child care settings and the demand/level of support received from central government. The Trustees in conjunction with the CEO and the senior management team are working hard to continue to deliver excellent service and support for our local community and build a strong financial base to deal with the many changes planned for the sector through the next twelve months.
With businesses evolving post pandemic and the associated ‘work from home’ guidelines we are seeing a positive impact on numbers attending regularly but it is still some way off pre pandemic levels with parents wanting our services for part weeks. The Nursery service continues to be most affected by the ongoing ‘work from home’ options for parents. A regular review of the Nursery provision continues and the significant strategic changes implemented have seen the income stream return to surplus. The CEO and Trustees will continue to monitor this regularly as we progress through the current financial year.
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 to repair / improve and extend the useful life of our ageing premises.
The Trustees are confident that the company will continue to strengthen its position within the community supported with the strategic changes the Trustees have put in place with the support of the Senior Management Team. We are confident that the Charity will continue to generate surpluses and that JET’s Centre are operating as a going concern.
Page 3
J.E.TS Centre Trustees Annual Report
STRUCTURE, GOVERNANCE AND MANAGEMENT
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 5th 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.
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.
The board of trustees administers the charity. The board normally meets monthly and there are sub-committees covering development, membership, finance and audit which normally meet monthly.
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.
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. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
C.J. McGrory Trustee 04 June 2026
Page 4
J.E.TS Centre Independent Examiners Report
Independent Examiner's Report to the trustees of J.E.TS Centre
I report to the charity trustees on my examination of the financial statements of J.E.TS Centre for the year ended 31 July 2025 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, I 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 I 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. I confirm that I am qualified to undertake the examination because I am a member of Chartered Accountant.
I 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:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
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).
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 financial statements to be reached.
Ian Wright Chartered Accountant Sefton Council for Voluntary Service Burlington House Crosby Road North Waterloo Liverpool L22 0LG 04 June 2026
Page 5
J.E.TS Centre Statement of Financial Activities
for the year ended 31 July 2025
| Notes Income and endowments from: Charitable activities 4 Total Expenditure on: Charitable activities 5 Total Net gains on investments Net income 6 Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2025 £ 670,041 |
Total funds 2025 £ 670,041 |
Total funds 2024 £ 605,460 |
|---|---|---|---|
| 670,041 646,149 |
670,041 646,149 |
605,460 602,648 |
|
| 646,149 - |
646,149 - |
602,648 - |
|
| 23,892 - |
23,892 - |
2,812 - |
|
| 23,892 | 23,892 | 2,812 | |
| 23,892 (48,570) |
23,892 (48,570) |
2,812 (51,382) |
|
| (24,678) | (24,678) | (48,570) |
Page 6
J.E.TS Centre Summary Income and Expenditure Account
for the year ended 31 July 2025
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year |
2025 £ 670,041 670,041 642,903 3,246 646,149 23,892 23,892 |
2024 £ 605,460 |
|---|---|---|
| 605,460 | ||
| 598,589 4,059 |
||
| 602,648 | ||
| 2,812 | ||
| 2,812 |
Page 7
J.E.TS Centre Balance Sheet
at 31 July 2025
| Company No. 08139666 Notes 2025 £ Fixed assets Tangible assets 8 12,988 12,988 Current assets Debtors 9 - Cash at bank and in hand 55,276 55,276 Creditors:Amount falling due within one year 10 (72,169) Net current liabilities (16,893) Total assets less current liabilities (3,905) Creditors:Amounts falling due after more than one year 11 (20,773) Net liabilities excluding pension asset or liability (24,678) Total net liabilities (24,678) The funds of the charity Restricted funds 12 Unrestricted funds 12 General funds (37,666) Designated funds 12,988 (24,678) Reserves 12 Total funds (24,678) |
2024 £ 16,234 |
|---|---|
| 16,234 5,978 20,229 |
|
| 26,207 (64,028) |
|
| (37,821) (21,587) (26,983) |
|
| (48,570) | |
| (48,570) | |
| (65,073) 16,503 |
|
| (48,570) | |
| (48,570) |
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 2025 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 04 June 2026
And signed on its behalf by:
C.J. McGrory Trustee 04 June 2026
Page 8
J.E.TS Centre Notes to the Accounts
for the year ended 31 July 2025
- 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.
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. 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
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.
Page 9
J.E.TS Centre Notes to the Accounts
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.
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 10
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.
Page 11
J.E.TS Centre
Notes to the Accounts
3 Statement of Financial Activities - prior year
| Income and endowments from: Charitable activities Total Expenditure on: Charitable activities Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from charitable activities Fee income Nursery education |
Unrestricted £ 367,355 302,686 670,041 |
Unrestricted funds 2024 £ 605,460 605,460 602,648 602,648 2,812 2,812 2,812 (51,382) (48,570) Total 2025 £ 367,355 302,686 670,041 |
Total funds 2024 £ 605,460 |
|---|---|---|---|
| 605,460 602,648 |
|||
| 602,648 | |||
| 2,812 | |||
| 2,812 | |||
| 2,812 (51,382) |
|||
| (48,570) | |||
| Total 2024 £ 375,532 229,928 |
|||
| 605,460 |
Page 12
J.E.TS Centre
Notes to the Accounts
5 Expenditure on charitable activities
| Expenditure on charitable activities Child Care Admin costs Employee costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets Governance costs Administrative expenses 6 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 7 Staff costs Salaries and wages Social security costs Pension costs No employee received emoluments in excess of £60,000. 8 Tangible fixed assets Cost or revaluation At 1 August 2024 At 31 July 2025 Depreciation and impairment At 1 August 2024 Depreciation charge for the year At 31 July 2025 Net book values At 31 July 2025 At 31 July 2024 |
Unrestricted £ 119,931 516,720 3,246 6,252 646,149 2025 £ 3,246 2025 495,541 12,934 8,245 516,720 |
Total 2025 £ 119,931 516,720 3,246 6,252 646,149 £ 54,028 54,028 37,794 3,246 41,040 12,988 16,234 |
Total 2024 £ 109,927 481,692 4,059 6,970 |
|---|---|---|---|
| 602,648 | |||
| 2024 £ 4,059 2024 454,403 21,628 5,661 |
|||
| 481,692 | |||
| £ 54,028 |
|||
| 54,028 | |||
| 37,794 3,246 |
|||
| 41,040 | |||
| 12,988 | |||
| 16,234 |
Page 13
J.E.TS Centre Notes to the Accounts
9 Debtors
| Trade debtors 10 Creditors: amounts falling due within one year Bank loans and overdrafts Trade creditors Other taxes and social security Other creditors Accruals 11 Creditors: amounts falling due after more than one year Bank loans and overdrafts 12 Movement in funds At 1 August 2024 Incoming resources (including other gains/losses) £ Restricted funds: Unrestricted funds: General funds (65,073) 670,041 Designated funds: Fixed Asset Fund 16,503 - Total 16,503 - Total funds (48,570) 670,041 |
2025 £ - - 2025 £ 6,210 39,129 8,810 17,520 500 72,169 2025 £ 20,773 20,773 Resources expended £ (646,149) - - (646,149) |
Gross transfers £ 3,515 (3,515) (3,515) - |
2024 £ 5,978 |
|---|---|---|---|
| 5,978 | |||
| 2024 £ 6,210 38,243 6,385 12,980 210 |
|||
| 64,028 | |||
| 2024 £ 26,983 |
|||
| 26,983 | |||
| At 31 July 2025 £ (37,666) 12,988 |
|||
| Restricted funds: Unrestricted funds: General funds Designated funds: Fixed Asset Fund Total Total funds |
|||
| 12,988 | |||
| (24,678) |
| Purposes and restrictions in relation to the funds: | 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
| Fixed assets Net current assets Creditors due in more than one year and provisions Reconciliation of net cash / (net debt) Cash and cash equivalents Bank loans Net cash / (net debt) |
At 1 August 2024 £ |
Unrestricted funds £ 12,988 (16,893) (20,773) (24,678) Cash flows £ |
Total £ 12,988 (16,893) (20,773) |
|---|---|---|---|
| (24,678) | |||
| At 31 July 2025 £ |
|||
| 20,229 | 35,047 | 55,276 | |
| 20,229 (33,193) (33,193) (12,964) |
35,047 6,210 6,210 41,257 |
55,276 (26,983) |
|
| (26,983) | |||
| 28,293 |
14 Reconciliation of net cash / (net debt)
FRS 102 requires an entity to report changes in net debt in the accounting period.
15 Commitments
Pension commitments
| Pension commitments | ||
|---|---|---|
| The pension cost charge to the company amounted to: 16 Related party disclosures Controlling party |
2025 £ 8,245 |
2024 £ 5,661 |
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 15