CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustoes JBVC FOUNDATION On accounts for the year ended ST 31 DECEMBER 2023 Charlty no (if any) 1158565 Set out on pages 1 TO 17 AThACHED I report to the trustees on my examination of the accounts of the above charity ("the Trusf) for the year ended Rosponsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance With the requirements of the Charities Act 2011 I'the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carrying oul my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(bl of the Act. Independant rrhe charity's gross income exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qualified member of linsert narne of applicable listed bodyl]. Delete I l rfnot applicabl8. I have completed my examination. I confirm that no material matters have come to my attention in wnneclion with Ihe examination (other than that disclosed below ') which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordan with section 130 of the Charities Act. or the accounts did not accord with the accounting records., or the accounts did nol comply with the applicable requirements Conrning the fomi and contenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the ex8mination to which altenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Please delete the words in the brackets if they do not apply. Signed: Date: 1811212024 Name: PHILIP DAVID PARKER Relevant professional qualification{s) or body INDEPENDENT CERTIFIED PRACTISING ACCOUNTANT IER Oct 2018
(If any): Address: JPC FINANCIAL LTD, 107 IMAGE COURT, 3281334 MOLESEY ROAD, WALTON ON THAMES, SURREY KT12 3PD Section B Disclosure Only complete if the examiner needs to highlight material matters of concern {see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief detalls of any items that the examlner wishes to disclose. NOT APPLICABLE- NOT USED IER Oct 2018
Docvsn Envelw ID: OEB4D07B4DAF481F41E91C7113D44USE CHARITY REGISTRATION NUMBER 1158465 JBVC FOUNDATION Company Limited by Guarantee Financial Statements Year Ended 31st December 2023 AVC0QKgN' 20m12024 PANIES HOUSE A17
Oo¢u5ign Envelope ID.. 0É84007DAF4&1F-a1E&Ic71l3041DSE JBVC FOUNDATION Company Llmlted by Guarantee Finan¢ial St4teJnents Year Elld 31 De¢ember 2023 CONTENTS PAGE Tn)$tee'$ annual report (itieorporating the directors, report) Indep¢ndent exan)iti¢r8 report to the members Statement of fJnAncial activities (including income and expetlture account) Staiement of financial position Statement of cash flows 12 Note$ lo the finartcial statements
DooJsvJn Envdope ID.. c£B4D07PDF4a1F.elEfyaC7l13D44DS£ JBVC FOUNDATION Company Limited by Gu8rantee Trustee's Annual Report Oncorporating the Directorsl Report) Year ended 31 Decenlber 2023 Th¢ TNst¢e$, who aTC also the Dirc¢tors for the pury05es of company law. psent their report and the financial stal¢Jnents of the charity for the year ended 31 December 2023. REFERENCE AND ADMINISTRATIVE DETAILS JBVC Foundation Cojnpatty Dame R¢glstered eharlty name JBVC Foundation Charlty registratlon llumber 1158465 Comp¥ny reglstration number 08340937 Prin¢ip41 & reglstered offite One Fleet Place London, EC4M 7WS Trustees and Dlre¢¢ors The names of the Trustees serving duTing the year were as follows: Mr R Bravery. Mr M D Sapte" Mr S Gunderson Mr J Gerrard These Truslees arg t71so Direclors AppoiMied 15 May 2023 **AppoiKted 31 Oetober 2023 ** The following also served the JBVC FouDdation in 2023. in a voluntary capAesty: Mr J Chatwin. Asso¢i8te- Public Rela¢ioDs Ms A Pinjm. Associat¢- Company Secr¢taTial M$ L Radsma. Associat¢- Fundraisin8 Mr A Smyth. Associate- Accounting & Administration A¢¢ountants JPC Financial Ltd 107 lrna8e COU 328-334 Molegey Road Walton4)n-Thamey, Surrey? KT12 3PD Bankers CAF Bank Limited 25 Kings Hrll. West Malling Kent. ME19 4JQ STRucfuRE, GOVERNANCE AND MANAGEMEf4T The JBVC Foundation is a Company limited by guarante4 governed by its memorandum aad article8 of ssociation. It is registered as a charity with the Charity Commission. Directors are appointed by the boaTd and one director agrees to contribute £1 irb the event of the charity winding up. The ThLStees and Directors who have s¢rved during the year are set out abovc.
Docuslgn Envelope ID: OE84D07B.ODAF481F.81Eg.IC7113044DSE JBVC FOUNDATION Company Llmited by Guarantee Trustee's Annual Report nCorporating the DirectoTh' Report) (tontlnued) Yethr ended 31 December 2023 OBJECTtVES AND ACTIVITIES The JBVC Foundation (the "Found4tion"} is the brainchild of its founder, Johnson Behary V.C.. C.O.G.. Johnson was awarded the Victoria Cross in 2005 for va]our in traq. He continues to 8pe4rhead the fundraising activities of the FoundatTon, supported by a team of Tn]stee5, ASS]t¢S other supporterg. The fornial objects of the Foundation Ère to.. promote the cdu¢ation (including social and ph)Cal training and the provision of healthcare projects) of p¢ople under the age of 25 y¢¥r5 in such ways as the Trustees think fit" advance in lif¢ and relieve the needs of young people from disadvatttsged communities through the provision of r¢creational and leisu time activities in the interests of social welfare.. and assist in providing relief from financial hardship for such youog people. iD¢ludillg the provision of sh support for th¢ famAlies and children of persons in the ernicd fowes who have died or b¢¢n injured in seTrice$. Jn 2023. and in line with its objects as set out above, the Foundation focwed on a$$i$tsng young p¢ople to leave street Eallgs and develop susiainable eareers. This was done by working in collaboration 8ffld partnership with leading practitioners and proTriding rnenrors who will support young peopl¢ into apprcAtieeships. training, work ¢xperienee I plH¢¢rnen(s. Th¢ Foundation's focus in 2023 r¢mained eontinuiAg to filljd and a prOamMe ¢#lled the JBVCF Through The Gates Pr0Me ("the TTG Progrgrnme"). As part of the Programm¢. a Caseworker provided multi-fa¢¢ted 5UPPOrt to first time offenders both befL)re and ¢spe¢ially after rcle&se from prison. Persons on the TTG ProarnMe moved from basic support into Educaiion. Traioing 8nd E[nplo1nellt ("ETE"). The rrG Programm¢ costs p¢r penon are approximate]y £3.000 per annum. which is a fraction of the annual cost of it)¢arcerdtion. ACHIEVEMENTS AIYD PERFORi4IANCE 2023 Choritdble Aclivity The Foundation.'s rrG ProarnMe continued throughout 2023. It is available to individuals with links to fiv¢ London Boroughs. The TTG PrOaMll)e continues to focus on three stases of supp(trrt". l. Foundatiortal help Ibasic liwing ne¢ds)- 2. Strengths evaluation, CV writing. activities applicarion. and 3. ETE, with the ultimate aim of employment.
Docug(g* Erwew ID." OE84DO7W4aIF4lE1cY1l3D44D6E JBVC FOUNDATION Company Limited by Guarantee Trustee's AnDual Report Uncorporating the Direetorsl Report) (tontlllued) Y¢8r ended 31 December 2023 The rfG Prowmme maintain5 the original objective of establishitig r¢lationships with young offenders prior to Jxison release. Issues remain in achieving ater prison access bec8us¢ of the procedures set by the prisoDs.. , ETE oppoTttmities were. and continue to be. adv¢r8ely impxt¢d by. ¢081 of living fjnancial pr¢ssures. Persons on the ProgTan)rne conttnued to benefit from different levels of support throughout 2023. with muth time needing to be spent by the caseworker on the ¢ontinuing challenging or¢a of findiog &tabIC accommodation. In the 2023 year, the Prowme focused on approximately 10 individuals at any one time. The rnain areas of intervention and outcomes were as follows: IniervenlionF Sessions (I: l) and rernote contacts with individuAIs Assisting with employability issues Advocaey wilh ext¢mal agettcies Housing related Ouicomes Employment (either fvll tiTne. part time. voluntary or self employment) Training Siabllising benefits Improved safety Improved relationthip with family Support with mentsl health Charitable project spending in 2023 was £39.750 (2022: £53,000). FundRoising During 2023, the Foundation achieved unrestricted donations of £77582 (2022: £2,829). The Trustees wish to record their gratitude to all past donors. without whose generosity the Foundation's a¢tivities would n be p09sible. Cosi Control Th¢ Foundation ContiUed to manage it$ running Costs, relying on voluntary assist¢¢ from an expanded team to keep such cogts to a minimum. A$ 8 r¢sult. running costs for 2023 were £1,989 (2022: £1.649). Nel Funds Net funds in¢rea5¢d in the year by £28,142 (2022: a reduction of £5 1,810). Net assets at year-end were £72,442 {2022: £44,299). Governllnce The Trustee and 5UPPQrt team's rnix of ¢ollllnercial. legal and accounting skills me4ns that there is a continuing focus on good gov¢rnance in all areag. Trus¢ees Mr S Gunderson and Mr J Gemrd were oppoiThted as additional TTUStees on, TespectiY¢ly, 15 May 2023 and 31 October 2023.
Oowsvan EelOpe ID.. 0E84DOBODAF4I1F-81ElC71l3D44DsE JBVC FOUNDATION Compilly Limited by Guarantee Tru5tee'$ Annual Report GDcorporadng the Directorst Report) (eoiitinued) Year ended 31 Deeember 2023 FINANCIAL REVIEW The Foundation is reliant on donation$ and pro¢¢¢ds from own events. the incorn¢ from which was £77582 {2022'. £2,829). For the year thded 31 December 2023 net lldS irtcreaycd by £28.142 (2022: t reduction or £51.810)- Net Assets at year-end were £72,442 (2022: £44,299). PLANS FOR FUTURE PERIODS Charitable Aetivili The Foundation's objective in 2023 continued to be supporting young offenders through the existing TTG Progranvne. The relationship with the existing TTG Pro8fdmm¢ s¢rvic¢ provider is strong. Cosewo&ers have "lived txp¢riencc" of offending history themselves, $0 were abl¢ to achieve high levels of ¢ff¢ctiv¢ness for the TTG Pr0mMe. The TTUStees Continue to monitor and a55¢ss the activities of other Charities operating i the Areal of prisoner rehabilitation and gangs uit. with a view to adopting b¢st practi¢¢ owselves in the future or possible collaboration. Fund RGisiKg The Foundation will continue to raise funds in order to a¢hieve its aims and obje¢tiv¢s. Governonee." Good governance will continu¢ to be a major focus for the Foundation. Morketing.. During 2023, the Foundation held one successfijl fimdraising events. Th¢ Foundation COlllinu¢s ¢0 look to find opportunities to have represeniatives present in relevant online ev¢nts organi5ed by third parties. The Foundation has distribu¢¢d marketing materials to vaTYtsUS Other tharitable organisetions in an effort to obtain donations. The Foundation publith¢d newsletters on its website and l()ok¢d to promoted its acti1tics through social media channels. Rt4nning costs." The objective continues to be to keep running costs to a minimum l¢v¢l, drawing on volun¢¢¢r3 where possible. This ensures that th¢ vast majority of donations are applied to direct charitablE activities. RESERVES POLICY The Foundation has in place a reserves policy to meet unexpected demands on its fmances at any time. The level of reserves is reviewed by management aTmually. prior to the commencement of th¢ n¢xt financial year. Currently ihe Trs¢rves policy provides cash reThs in the bank sufficicnt to eov¢r Major outBOin8s for 4 forward period of six month$. PUBLIC BENEFIT We hav¢ referred to the guidance contsined in the Charity Commissioner's general guidAnce on pub]ic benefit when reviewing our 4im8 and obieaives and in planning our futrre activities. JBVC FOUNDATION
DvwswnErw8lope ID.. 0EB4D07BF481F4jE1c7fjl3D44DSE Company Limited by Guarantee Trustee's Annual Report nCorPorating tbe Directors, Report) (¢ontinlled) Year ended 31 December 2023 TRUSTEES* RESPONSIBILITIES STATIMENT The trnstees..who are also directors. for the .pU03¢S of ¢ompsny. law, are TrspoDsibl¢ for preparing the trustees, report and the financial stat¢m¢nts in wcordanc¢ with applicabl¢ law and Utiited Kingdom Aecounting Standards (United Kiugdom Gen¢rally A¢¢epied A¢¢ounting Pwtice). Comparty law requires th¢ ¢harity trn$t to prepare financial statements for each y¢ar which give a true and fair Triew of the stsle of affairs of the cbariiable company and th¢ in¢oming resource5 and appli¢aiion of resources, in¢loding the income and ¢xpenditure, for that period. tn preparing these financial stat¢rnents, the trustees ore required to: seleGI suitable accounting polici¢s and th¢n apply them ¢on5i5tentiy' observe the methIS and prin¢iples in the applicable Charitie5 SORP. rnake judgements and accounting estim8t¢s that are reasonable and pruden prepare the financial statthnents on th¢ goitlg ¢oncern basis unless it is inapproNiate to presume that the charity will continue in busines5. The tSte are r¢sponsible for keeping adequate Accounting records that are suffi¢i¢nt to Show and explain the cbaritys transactions and disclose with reasonable accuracy at any timc the financial position of th¢ charity and enable t1 to ellsure that the finan¢ial statements cotllply with the Companies Act 2006. Th¢y are also responsible for safeguarding the ass¢ts of the charity and henc¢ for tsking TeLsonable steps foT the prevention and det¢¢iion of fraud and other irregularities. SMALL COMPANY PROV]SJONS This report h85 b¢¢n prepared in accordance with the PT0ViSiO applicable to companies entitled to the small compani¢s exemption. The tNstees' annual report w&8 approved on 17 S¢ptexnber 2024 alld signed on behalf of the Tn]stec5 by: hfr R Bravery Mr M D Sapte Trustee
ottgn EnvÈltspè ID.. OEB4D0784OAF48IF-81Eg.1C7113D44D5E JBVC FOUNDATION Company Llmlted by Guarantse Independent ExamiDeTS' Report lo tb¢ Members of JBVC FOUNDATIOIY Yvdr ended 31 Deetmber 2023 OPINION We have examined the financi31 statements of TBVC FOUNDATION (the '¢harity) for rhe ye4r end¢d 31 De¢ernb¢r 2023 which comprise the statement of financi activitie8 (including income and expenditure account). statement of financial position, statement of cash flow5 and the related notes, including a summary of 5]lfiCant accounting poli¢i¢s. The fjnancial reporting framework that hgs been applied iti their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 Th¢ Financial Reportlng Standard applEcable in the UK and Republic of Ireland (United Kingdom GeneEaily Accept¢d AccouTrting Practice). 14 our opinion the finan¢ial statements: giv¢ a trne and fair view of the state of the charitys affairs as at 31 December 20 at)d of its in¢omiAg resources and appli¢ation of resource$. tncluding its income and expenditure. for the y¢ar then ended. O have been properly prepared in accordance with Unit¢d Kingdom Generally Accepted A¢wunting Practice,. have been prepaxed in accordan with the requirwn¢Dt$ of ¢he Ch4Titi¢s Act 2011. Basls for opini*n We conductsd our examination in accordance with Intemational Staadards on Auditing (UK) aSAs OJK)) and applicable law. Our responsibilities under those standards are further des¢rib¢d io the examine. responsibilities for the examination of the firtancial stat¢ments section of our report. We are iDd¢pendetLt of the charity in accordance with the ethical reqireMentS that are relevant to ¢xamination of the finan¢ia] statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities im accordan¢e with ihese requirements. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng eoneern We hav¢ rtothing to report in resF¢ft of the following matters in r¢lalion lo which the ISAS (UK) r¢quire us to report lo you where.. the trustees, use of th¢ goitig eonc¢rn basis of aeeowiting in the pr¢paration of the financial 51atem¢tti$ is not appropriate. or Ihe tnjstees have not di$¢losed in the financial stÈtem¢nts any identified material uncertaintie$ that n)ay clst significant doubt about the ¢haTity's ability to continu¢ to adopt the going"conceEn'ba5i$ of accountinE for a period of at least twelve months from tbe date when the financial statements #r¢ authorised for issue.
Doc19 Env¢tOP8 IO.. OEB4DO7DAF48lF1E9-lC71l3D14DSE JBVC FOiJNDATION Cornpony Limited by Guarintee Indep¢ndent Exmitiers' Report to the Metllbers ofJBVC FOUNDATION (continued) Year ended 31 Deeember 2023 Other inlorniation the olher infonnatsoii ¢omprisès the infmitiation ¢]dea in the ¥Iu81"reprt, other"thBn the financial statements and our ¢xamin¢rs' report thereon. The tsustees ore responsible for the oth¢r inforniation. Our opinion on tbe financial stateinents does not ¢over tbe other information and, except to the extertt otherwise ¢xpli¢itly stated in our report. w¢ do noi expr¢s3 any form of assurance con¢lusi(m thereon. tn wnneetion with our examination of the financi $tstement4 our responsibility is to read the other itiforniati)n and, in doing so, eonsider whether the other inforn]ation 1$ materially inconsistent with the fula1 statements or our knowledge obtained in the examtnation or otherwise appears to be mateTially misstated. If we identify such rnoterial inconsistencies OT apparent material misstatements, w¢ are required t¢• detennine whether ther¢ is a materiel misslatement in the financial stat¢m¢nts or a material misstatement of th¢ other infonDatton. If, based on ihe work we have p¢rfonned, we ¢on¢lude that there ig a materhai misstat¢ment of this other inforniation. we are required to report that fA¢t. We hav¢ nothing to report in this regard. Matters on whleh we are required to report by exeeptiort Jn the I1)t of the knowl¢dg¢ and understanding of the chwyty and its ¢nviromnent obtained in the cowse of the examination. we have not identified materiol misststeinents in the tte¢s, report. W¢ bave nothing to re in r&8pect of the following matters in relation to whicb the Charities Aet 2011 r¢quire8 US to r¢port to you if. in our opinion: th¢ infomiation given in the trusttts, report 1$ inconsistent any material respect with the finan¢1 ststements" or O adequate ac¢ounting records have not been kept. or [] the financial statements are not in a¢ment with the accowtting rKords and returns. or we hav¢ not rec¢ived all the inf0mtiOn and explHnations we require for our audit. Respottslbfliti¢s gf tbe trustees As explailled mort fully in the trllstees, responsibilities stat¢tnent, the trte¢ is responsible for th¢ preparation of th¢ financial stat¢m¢nts and for b¢ing satisfied that they give a true and fair vi¢w. and for such in¢ernal ¢oDtrol as the tnlee5 detemiine is necessary to ¢nable tbe preparation of finala1 statem15 .that are free frolll material misstatement. whetl]er due to fraud or ettor. tn PTeparing the financial statements, the trustee5 are responsibl¢ for assessing the charlS ability to ntinue as 4 going concern, disclosing> as applicable, matters related to going concern #nd using the going con¢ern basis of ac¢ounting unless the ttvsl¢¢s either intend to liquidate th¢ charity or to ¢¢ase operations. or has no realistic allernative but to do so.
Do¢u519n ErhloFe ID-. OEBA007OAP48lF4lE1C71T2D14DfjE JBVC FOUNDATION Company Limited by Guarantee Independent ExAmtners' Report to tbe IVAembers ofJBVC FOUNDATION (con¢lnued) Year ended 31 Detember 2023 Examlner$' responslbllltles for the examination of the nDtI&l statements Our ObjtiveS Att ro obtain reasonable 8ssurattee about whether the financial statements a whole ore free from mat¢ri81 rnisstatemenÉ. wh¢ih¢r due to fraud or error, and to issue an examiners, report that inelud&s o opinion. Reasonable assur&n¢e is a high lev¢1 of assuranee.bvt i5 not a guarantee that an examination ¢ondted in aceordanee with ISA5 {UK) will always detect a material misstatement when it exists. Misstatements cao arise from fraud or error #nd are considered material if, individually or in the oggregate. they could rcasonably b¢ expected to influence the economic decisions of users taken on the basis of these rinancial statements. AS part of an exarnitiation in ac&)rdfin with ISAS (UK), we exercise profession judsment and maintain profagsional scepticism tlwoughout the examinatton. We also: Identify asse8$ the risks of material mlsststement of th¢ financial ststements, whether due ¢0 fraud or error, design and perfomt ¢x8mination proc¢dures responsiv¢ to those risks, and obtain evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not d¢tecting a material rnisstatement resulting from fraud is higher than fos one resulting from error, a5 fraud may illvolve Coll10, forgery* inlentionkl omisslons. misrepresentations, or the overtide of internal Control. O Obtain an underst8nding of internal corAtrol relevant to the examination in order to design procedur that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of th¢ inlemRI control. Ev8lwte the appropriaiene$8 of accounting ptsli¢ie5 used and the reasonableness of accounting e8timates alld related disclosure$ rnade by the 1Th8tees. LJ Cortclude on the appropriateness of the rrnste&q' use of the going ¢tsern basi$ of aUntIng attd. based on the evid¢n¢e obtaine4 whether a material uncertainty exists Tdated to events or conditions that rnay cast Si1r1¢ant doubt on the charity's ability to ¢ontinue as a going coneem. If we conclude that a material un¢¢rtainty exists, we e required to draw attention in OUT report to the related disclosure5 in th¢ financial ststement5 or. if such discIureS are inad¢quate, to mt)dify our opinion. Our conclusions are based on the evidence obtoined up to the date of our r¢port. How¢v¢r, fiiture evenls or conditions rnay ¢au5e the charity to cease to continue as a going con¢¢rn. Evaluat¢ tbe overall wes¢ntation, $tru¢iure and content of the financial statetnents. including the dis¢losur¢s. and whether th¢ financial $tal¢m¢nts represent the underlying transactions and ¢vents in a manner that a¢hieve$ fair pres¢ntation.
19 Én¥Ylépe ID.. OEB4D07B4IDAF481F-81El¢711aD44D5E JBVC FOUNDATiorq Cornpany Limlted by Gu•rantee Independent Examlner$' Report to the Members of JBVC FOtINDATION (eontinue41) Year ended 31 D¢eember 2023 We ¢ommunicate with those tharged with governattcc resard>n& among other matters. the planned scope and timing of the examination and Silficant fiThdinES. iDcluding any significant defi¢iencies in internal control.that we id¢ntify" during our examiiiation. U$e of our report This rert is made sol¢ly to th¢ charlS membeis, as a body. itl accordanee with Chapter 3 of Part 16 of the Companie$ Act 2006. Our work has been undert8ken so that we might stht¢ to tlke charit9 members those matters we are required to state to them in an examiners, report and for no other Purpose. To th¢ lIest ext¢nt pernlitted by law. we do nol #ccept or a$swll¢ responsibility to anyon¢ other than the charity and the charityg members as a body. for our worK for thi$ report. or for the opinions we have fonned. pknfy PA JPC FNANCIAL LIMrrED 107 Ymage CouT4 328-334 Molesey Road Walton-On-Thame4 Surrey> KT12 3PD 17 September 2024.
D¢eLlgn EnvelopÈ ID.. OEB4DD7&0DAF481F.BIEg.1C7153t)44D5E JBVC FOUNDATION Company Llmlted by Guarantet ststemellt of Financial Activities (Ineludlng inrome and expendlture accou¢) Year end¢d 31 Deeember 2023 2023 2022 Tot1 Funds Total Fulldl Note Ineome and endowments Donations. lega¢ies and fvndrhising tnterest 77.582 186 2,839 Total income Expenditure Charitfible Projects Fundraising costs Other expendire Totsi expellditure (39,750) (7,886) (53.000) Aecountancy fees 60 00 Net ineome l {txpendi¢ure) #nd net moveJn¢nt In funds Re¢oncli8tion of funds Totsl fid5 brought fonvard Total funds rriEd forward The stalement of fmancial aetiviti¢s includes all gains and losses rolS¢d in the year. All income and expellditur¢ derive from continuing activities. Th¢ n¢5 ou pag&s 13 10 17 fom part of these finxnei¥l statements io-
Docw Envelope ID.. OÉB4Do7DAF481F1E1c7l13Dl4sE JBVC FOUNDATION Company Llmited by Gu4rnlltee ststement of FIDanciil Position 31 December 2023 2023 2022 Note Current Assets Cash at bank and in hand 86.292 58,109 Creditor$: Amoullts f8lMDg due wfithin one ye3r io Net turrent assets 72 Totsl assets less ¢urrent Il*blllties Net assets For the year ending 31 December 2023 the charity was entitled to ¢xempiion from audit under stion 477 of the Companies Aet 2006 rd&tirtg to small companies. Director5 responsibilitie5: u Th¢ members have not r¢quired the company to obtain an audit of its financial stat¢mertts for the year in questioll in accordanc¢ with stIOn 476. U The Directors 8cknowl¢dge their responsibilities for complytng with the r¢quir¢m¢nts of the Act with respect to accoutLting rKords and the preparation of financxal stslemellts. These finan¢ial statements hav¢ been prepared in a¢cordance with the provisions applicable to ¢ompanie$ subject to the stn411 companies, regime. These financial stst¢ments were approved by the Trustees and authorised for issue on 17 September 2024 and are signed on behalf of the TTUStees by.. FJJY ..Mr R Bravery Trnstee Mt M D Sapte Tryslee Th¢not¢5 on pag&s 13 17 foErn part of thc5c finaneial siatemcnts
DOl9n Envalope ID.. oEB4CQ7AF4lF.81E&fjc7ll3DmDsÉ JBVC FOUNDATION Company Limited by Gu*nntee Statement of Cash Fltsiv$ Year ended 31 Ik¢ember 2023 2023 2022 Cash flows from operatlng a¢tivitles Net income / (expenditure) 28.142 (51,810) Adjustment5 for. AOUntanCY fees A¢cNed exp¢nditure 600 Changes in.. Trade and other debtors Net cash from operating BCliviti¢s Cash flows from other Aet5vitltS Otheroperating costs 600 Net cash used Net Inere#sel(decrea5e) in cxsh and tash equlYal¢nts Cash and cash equivalent at beginning of yepr 28,142 149 (51,810) io Cggh and cash equlvalent It end of year The notes on pa8cs 13 to 17 forrn part ofthrse fiTh8n¢ia] sratementS 12
Do¢usi9n Èn¥rlvpe ID.. 0EB4D07B)AF4BlF-8lE9.lcY1l3DlIDsE JBVC FOUNDATIOIY Company Llmited by Guarantee Notes to the FillfiDcial Stst¢ments Year ended 31 December 2023 Gener41 informatlon The Foundation 15 a public benefit entity ond a private tompany limtted by 8uaTantee, ieEiStered i England and Wales and a registered charity in England and Wal¢s. The address of the registered office is On¢ Fleet Place, London. EC4M 7WS. St8tsment of compliantt These financial statements have been prepared in ¢ompliance with FRS 102, The Finatteial Reporting Standard applicable in the UK and the Republic of Ireland,, the Ststemeni of R¢¢omm¢nd¢d PFa¢ti¢e appli¢able to charities preparing their accounts iti accordance with the Finoncial Reporting Statsdard applicable in th¢ UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) wd the Companles Act 2006. A£tIng pollel Basls of preparatton The ficial stat¢rn¢nts have beert prepared on the historical cost basis. a5 modified by the r¢valualion of certain financial assets and liabilili¢s and inveslmen¢ properties mea5UTed at fair value through ineotne or expenditure. The financial statements are pr¢pared in sterlin& which is the fjjnctional ¢urrency of the entity. Going ton¢ern There ore no matetial uncertainties about the Fowidatioll's ability to continue. Fund aecountlng Unrestricted fvnds ¥re availoble for use at the discretion of the Tzu5t¢es to tther any of the Foundation's pwpose5. DcSiat¢ fiinds are Unrttl¢ttd funds eorniark¢d by the Tnte¢S for particular futUTE project or mmitsnent. Restrieted funds are subjected to Testrictions on their expenditur¢ declared by the donors or through the ternis of an appeal, and fall into one of two sub-classes: Testri¢td income funds or endowment fimds. 13
Docusign Envelope ID= OEB400ooAF4BIF.01E?¢7Y13O44DSE JBVC FOUNDATION Company Limited by Guarantee Notes to the Flnancial StatemeDts Year end¢d 31 Decemb¢r 2023 Accounting pollcies f¢ondnuedJ Incomlng re50urc¢s All incoming resource8 are in¢luded in the statement of financial activities when entitlement has passed to the Foundation. it is probable that the economic benefits a5SOCsafrd with the transaction will tlow to the Foundation and the 8mount can be reliably measured. The following specific polici¢s are applied to particular categortes of income.. income from donations or grants is recolsed when there is cvidence of entitlement to the gift. receipt is probable and its amount can b¢ measured reliably. l¢gaty incom¢ is reco]]Sed when receipi is probable and entitlemen¢ is establAshed. income from donat¢d goods is measured at the fair value of the goods unless this is irnpfdctical to easur¢ reliably* iti whi¢h case the value is dthived from the cost to the donor or the estimated resale value. Donated facilities and setvic¢$ are recognised in the ae¢ounls when received if the valu¢ ¢an be reliably measured. No arnounts are ineludeé for the cotttribution Df general volunteers. iticotne from contracts for the supply of servi¢e5 is recognised with the delivery of the contract¢d 5ervi¢e. This is classified as ullrestricted fullds unl&%s th¢re is a cotjtractual requirement for it to be spent on a partieular purpose and retwned if vnspent, in wbi¢h case it may b¢ r¢gaTded as restsicted. Resources ¢xpended Expendiwre is recognised on an acmls basis &8 a liability is incurred. Expendimre includes Any VAT which cannot br fijlly recove and is classified under headings of the statement of financial activities to which it relates.. expenditure on ratsit)g fimds irtcludes the costs of all fi2ndrai3ing actiVilie4 events. nonrycharitable trading acltvities, and the sale of donated goods. expendittwe on chatit#bl¢ activities include5 all costs incuTr¢d by the Foundation in undertaking activities that rther its ¢h8ritable aims for the benefit of its beneficiles, ineluding those support costs and costs relating to the governance of the Charity apportioned to ehaTitable acttvities. other expendittre includes all expenditure that is n¢ither related to rAising funds for the Foundation nor part of its expenditure on clwitable actilI1¢s. JI costs are allocated to ¢xpendiNre categories reflecting th¢ use of the resource. Direct eo$ts attributable to a single activity ase allocated directly to that activity. shar costs are apportioned between the activities they ntrIbute to on a r¢asonable. justifiable and consistent basis. 14-
Oocusign Efftbpe ID.. OE84D07&0DAF481F-8IE¥1C71131)44DSE JBVC FOUNDATiof4 Company Limited by GuaraDt¢t Notes to the Flnancial Statem¢ntS (coM¢knued) Year ended 31 December 2023 A¢lting poS1¢ie$ (¢ontixued) FinaDtlal instriiments A financial asset OT a financial liability Trs TOlsed only when the Foundation becomes a paty to the contraetual provisions of the instsument. Basic financial iwtrnments are initially recoliSed at the amount re¢eTrvable or payabl¢ irtcludinB any related transaction costs. Current assets and current liabilities are subsequently m¢8$ured at th¢ ¢ash or other considetation expected to be paid or received and not discounted. Debt instnunents tre subsequently measured 01 amortised cosl. Other firtancial instruments. including derivatives, are initially rOlSed at fair value, unless payment for an asset is deferred beyond nornlal business tern)s or finaucd at a rate of int¢rest that is not a market rdt4 in which ce the #sset is measured at th¢ pruent valu¢ of the flltsjre payTn¢nts discounted at a tDarket rate of interest for a similar debt in5tNrnenL Other financial instrnments are subsequently rneasur¢d at fair value. witb any changes reeognis¢d in the statement of financial activities. w2th the exception of hedging instrum¢nts in a designatcd hedging relationship. Financial assets that are measured at cost or aTDOrtised cost are reviewed for objective evideDcc of impainnent at the end of each reporting date. If there is objective evidence of impainnent, an impairn]ent lo is recow)ised under the appropriF4te heading in the 5taternent of financial activities in which the initial gain was recognised. For all equity instnllnents regprdless of SI11ficanC4 and other financial assets that are individually significant. these are assessed individually for impainnent. Other financial a55ets are either 25sessed Individually or grouped on the b85is of sitn11CredIt Tisk cb8racter2StiG% Any reversals of impairnient are reco1$ea immediately, to the extent that th¢ reversal does not result in a carrying amount of the finan¢i&l asset that exceeds wbat tbe canying atDOUnt would have been had the impairn)ent not previously been reeognised. Litnited by guarantee The TnJsttt Mr R Bravery 1$ a guarantor for the Foundation. The members, liability is limited to a m[muM contribution of £1 to the Fowidation's assets in the ¢v¢ttt of a winding UP. 15-
Docuslgn Envelow ID.. OEB4D07w4B1F41EWIc7119O44DSE JBVC FOVNDATION Company Llmited by Guarantee Notes to the Financial Statements {conrfDu¢d) Year ended 31 Deetmber 2023 Donations leEa¢ies aind fundrisiQR TotAI Funds 2022 Totsl Fpnds 2021 Donations Fundiaising Donations 62.622 2,839 Oth¢r expendlture Total Funds 2023 Totsl Funds 2022 Insurance Companie5 House Fee Printing Data Protection fee Bank charges 668 652 150 126 40 81 616 40 Oikntr Prof1041 costs Total Funds 2023 Total Funds 2022 Accowjtanoy fees Stsff Costs The average head count of employ¢es during the year was Nil (2022: Nil). No etnployee ree¢iv¢d ¢mployee benefiis of mor¢ than £60,000 durin8 the year (2022.. Nil). 16-
Doe49n Envelope ID.. CEB4D07DF4efF1E1c7•l3D1lDsE JBVC FOUNDATION Company Llmlt¢d by Guarantee Notes to the Finanefigl StstemeDts (eontinued) Year ended 31 December 2023 Trustees, remvnerAtion and eNnseS No TsleeS wer¢ remunetated during the year (2022.. Nil) AO. Credltors: amounts falling du¢ th]ll one year 2022 2022 chItable Projects Accrnals arLd defrrred income 13.250 60 13.250 17