Company registration nurnber: 10241187 Charity registration number.. 1170804 THE JONES COMMUNITY AND EDUCATION TRUST TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
The Jones Community And Education Trust Contents Page Trustee5' Report Independent Examlner's Report Statement of Financial Activities {including Income and Expenditure Account) Balance Sheet Notes to the Flnanclal Ststements The followlng pages do not form part of the ststutory accounts: Detsiled Statement of Financial Activities (including Income and Expenditure Account) 12
The Jones Community And Educatlon Trust Company No. 10241187 Trustees. Report For The Year Ended 30 June 2025 The trustees present their report and the financial statements for the year ended 30 June 2025. Objectlves and Artlvltles Aims and Objectives The purposes of the charlty are.. To support the work of educational e5tablishments- Sign post to business support servlces and digitsl skills-based education- Provide and a551St in the provSslon of facllltles for education in digital technology and entrepreneurship; Physlcally and digitally connect governing bodies. fvnds charities, entrepreneurs and organisations to benefrt development of the digital community. The Trustees have referred to current guidance from the Charity Commission on public benefit in producing this report and when reviewing aims and objectlves and planning future activities. In particular, the Trustees consider how planned activities wlll contribute to the alms and objectives they have set. The Community and Education Trust aims to give young people from every background, ability and socio-economic group the same opportunlties to thrlve. We do this prtmarlly through communlty donatlons and educational outfftach. Some of Greater Manchester's most in-need wards are on our doorstep in Hulme and our focu5 15 Set f irmly on nurturingi inspiring and motivating chlldren, young people and the wlder community. Decisions on where to concentrate our resource are centred around uftder-p$ented groups and our partnershSps are often created with 5choo15 and communitles In under-privileged areas. Our short-term objertlves are to support the development of young people with their basic needs and edutational opportunltles where relevant tc help them towards equal career opportunlties now and In the future. The long-term purpose of the Trust Is to create sustalnable resources that allow every child in our 910n to have an equal chance at a career of their choice in the technologyi digital and creative sectors, through educational outreach as well as meetlng the baslc needs of people in disadvantage. Success Is measured by the number of people we reach, as well as by the Intreaslng number of partnershlps created esther wlth schools, industry bodles and communrty organlsations that can add more resource to our efforts wlth young people. Within this, we measure the number of tethnology installations we achleve withln schools, organlsatlons or youth zones and the number of outreach appointments, Si9nificant Artivities The trustees made a decision to focus on providing basic nee¢Js support to young people in our local communities in this financial year. Many of the initiatives revolve around giving disadvantaged youths the chance to find independence and gain inspiration and educational opportunities - like The Bolton Lads and Girls Club. Our grant supported their holiday hunger campalgn. other projects we supported include.. Mustard Tree, based on Ancoats in Manchester and a charity operating within our local community. They work with the homele55 across the city and our funding went specifically to young people's Initiatives. getting them back on their feet. The Fragile X Society aims to improve the lives of those affected by Fragile X and assoclated conditions by provlding infomation and continued support to families and professionals they work with. With young people affetted by Frdglle X in our own community we were pleased that our funding 5UPPOrted the education of these people and their families into understsnding the Impact of the syndrome. The Project at St Brides Church supports failed asylum seekers who have no access to government funds and often find themselves out on the streets. It Is also supported by the Red Cross and they support many families wlth young children, that our funding was able to beneflt. Grantmaklng Thls year we bestowed grants totallln9 £45.000 to 6 different institutions. Page I
The Jones Communlty And Educatlon Trust Trustees. Report (continued) For The Year Ended 30 June 2025 Financial R•vi•w Financial Position The charity is solely funded by a £5 million donation made in December 2018. This donation Is Intended to cover all the charities ongoing expenses and any community donations for the foreseeable future. At present, the charlty does not undertake fundraising activities and there are no immediate plans to do 50. At the end of the financial year, the charity held in excess of £4.95 million split across current and savlngs accounts, therefore the risk of the charity being unable to meet future expenses 15 very low given the small ongolng runnlng costs. The charlty funds are held In bank accounts to mlnlmise the risk of the donatlon diminishing in value (for example if share5 were held for Investment Instead). Any alteratlons to the strurture of the holdlng of funds must be agreed in advance by at least two trustee5. R•s•rves Pollcy The charlty operates a reserves policy of holding at least two years, expenses In Ilquid cash in order to ensure the charity remains a golng concern. The reserves at the end of the financlal year are well In excess of this limit and would be able to sustain the charSty for many years to come. The charity currently has one part tlme employee. Flnance and admlnlstratlon Is provlded by a related third-party company and recharged at cost. Aslde from accountancy and audlt fees the was no commltted expendlture at the end of the financlal year. Future Plans The Trust continue5 With its efftjrts to level the playing field for young people acr055 Greater Manchester and beyond. through delivery of educational and basic needs support. We continue to increase our efforts with marginallsed groups and intend to continue with similar work in 2025126. With access to Manchester Recording Studios and skilled engineers, we continue to plan for a DJ school. that can offer opportunltles to young members of our communlty and Involve reglonal muslc outreach agencies. These plans are ongoing. The studlos have also recrulted a senior engineer who can support our ambltlons to offer music engineering training to young people In the reglon. Working with Secarma is another busine55 partnership that we are exploring and the cyber securfty company Is extendlng its social OUtCh in 2026 We are hoping that thi5 will open the door for underprivileged young people to one of the fastest growing a3$ of technology employment with job opportunities experted to grow by 18% by 2029. Stru¢tur•, Governance and Management Gov•rnlng Do¢um•nt The charity is controlled by its governing document, a deed of trust, and Constitute5 a Ilmlted company, Ilmited by guarnntee, as defined by the Companles Art 2006. Charity constitutlon Key Management Personnel Management of the Trust Is led by CEO Jonathan Bowers, appolnted In May 2023 on a part time basis. He is gulded by our trustees on fundlng declslons. How our Charlty Is Constituted The Jones Community and Education Trust, is a tompany limited by guaranteei governed by its Memorandum and Artldes of Association dated 20 June 2016 as amended on 11 June 2019 and 4 November 2019. It is registered as a charlty wlth the Charlty Commission. Truste•s There a no changes to the board of trustees thi5 year. Relation$hip$ Through our work In the communlty, we have supported projects and charltles with pmven track records for delivering 5Ustsinable and Impactful programmes that directly beneflt young people. Insur•n¢e In the opinion of the trustees, the charfty has adequate insurance cover to help mltlgate the financlal impact of a range of risks and liabilities to the charity's assets. Page 2
The Jones Community And Education Trust Trustees, Report (contlnued) For The Year Ended 30 June 2025 Ref•r•n¢• •nd Admlnlstratlve Detalls Truste•s Mrs Gail Jones - Chair & Dlrector Mr Joseph Cravagan - Director Miss Tegan Jone5 - Trustee Charlty Number 1170804 Company Numb¢r 10241187 R•9iSt•r•d OffJ¢• 3 Arthway Birley Fields Manchester M15 5QJ Independent Examiner Martln Steven Barrett - Wllllams Denton Cyf Chartered Certified Accountants Glaslyn, Ffordd y Parc Parc Menal Bangor Gwynedd LL57 4FE Page 3
The Jones Communlty And Education Trust Trustees. Report (¢ontlnued) For The Year Ended 30 June 2025 Small Company Rul¢s This report has been prepared In accordance with the special provlslons relatlng to companles subJKt to the sm311 companie5 regime within Part 15 of the Companies Att 2006. The trustees. report was approved by the board of trustees and signed on Its behalf by: Mrs Gall Jones Trustee 3110312026 Page 4
The Jones Community And Education Trust Independent Examiner's Report to the Trustees of The Jones Community And Education Trust For The Year Ended 30 June 2025 I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025. Re•ponsibilities and Balis of Raport As the charity trustees of the Company (and also Its dlrectors for the purposes of company law), you are responslble for the PpartIon of the accounts In accordance with the requirements of the Companies Art 2006 fthe 2006 Act?. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respert of my examination of your charity's accounts a5 carried out under sectlon 145 of the Charltles Act 2011 ('the 2011 Act.). In carrylng out my examlnation I have followed the Dlrectlons glven by the Charlty Commlsslon under sectlon 145(5) (b) of the 2011 Art. Independent Examlner's Statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in $ertion 145 of the 2011 Art. I confirm that l arn qualified to undertake the examinats'on because I am a rnernber of The Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examlnatlon. I conflrm that no matters have come to my attentlon In connettlon wlth the examlnatlon glvlng me cause to belleve.. l. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting QuIrnents of section 396 of the 2006 Art other than any requirement that the accounts give a 'trve and fvir view, which is not a matter considered as part of an Independent examination. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Prartlce for accountlng and reportlng by charltles appllcable to charltles preparlng thelr accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and have come across no other matters in connectlon with the examlnatlon to whlch attentlon should be drawn In this report in order to enable a proper understandlng of the accounts to be reached. Martln Steven Barrett - Wllllams Denton Cyf Chartered Certlfied Accountants 31/0312026 Glaslyn, Fft>rdd y Parc Parc Menai Bangor Gwynedd LL57 4FE Page 5
The Jones Community And Education Trust Statement of Financial Activities (Includlng Income and Expendlture Account) For The Year Ended 30 June 2025 2025 Unrertrlrted Unrestrlcted funds funds 2024 INCOME AND ENDOWMENTS FROM: Investments 364,668 26.481 EXPENDITURE ON: Charitable activities- Support Costs NET INCOME/(EXPENDmiRE) (66,366) (34.611) 298,302 (8,130) NET MOVEMENT IN FUNDS RECONCIUATION OF FUNDS: Total funds brought forward 298,302 (8,130) 4,641,107 4,649,237 TOTAL FUNDS CARRIED FORWARD io 4,939,409 4,641,107 The notes on pages 8 to 11 fomi part of these financial statements. Page 6
The Jones Communlty And Educatlon Trust Balance Sheet As At 30 June 2025 2025 2024 Unrestrlcted funds Totsl funds Notes CURRENT ASSETS Gish at bank and in hand 4,952,706 4,674,818 4,952,706 4,674,818 Credltors= Amounts Falling Due Within On• Yejr {13,297) {33,711) NET CURRENT ASSETS {LIABILITIES) 4,939,409 4,641,107 TOTAL ASSETS LESS CURRENT LIABIUTIES 4,939,409 4,641,107 NET ASSErs 4,939.409 4.641,107 FUNDS OF THE CHARITY Unrestricted Funds 4,939,409 4,641,107 TOTAL FUNDS io 4,939.409 4,641.107 For the year endlng 30 June 2025 the charitable company was entitled to exemption from audit under section 477 of the Companles Att 2006 relatlng to small companles. The member5 have not required the charltable company to obtain an audlt In accordan wlth sectlon 476 of the Companles Art 2006. The trustees acknowledge thelr responsibilities for complying with the requirements of the Act with respect to.accounting records and the preparatlon of accounts. These accounts have been prepared in accordance with the provisions applicable to Companies subject to the small companie5 reglme. On behalf of the board Mrs Gail Jones Trustee 3110312026 The notes on pages S to 11 form part of these financial statements. Page 7
The Jones Community And Education Trust Notes to the Financial Statements For The Year Ended 30 June 2025 l. General Informatlon The Jones Community And Education Trust is a company limited by guarantee, incorporated in England & Walesl registered number 10241187 and registered charity number 1170804. The registered office is 3 Archway Birley Fields, Manchester, MIS 5QJ. 2. Accounting Pollcles 2. 1. Basis of Preparation of Finan¢lal Statements The financial ststements have been prepared In accordance wlth the Charltles SORP (FRS 102) "Accounting and Reportin9 by Charities- Statement of Recommended Prattlce appllcable to charltles preparing thelr accounts In accordance wlth the Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlve I January 2019)" Flnanclal Reportlng Standard 102 'The Financial Reporting Standard appllcable In the UK and Republlc of Ireland. and the Companles Act 2006. The charitable company is a Public 8eneflt Entlty as defined by FRS 102. 2.2. In¢omlng Resources All Income is recognised in the Ststement of Financial Activities once the charity has entitlement to the fund5, It is probable that the income will be reIVed and the amount can be measured reliably. 2.3. Resources Expended Liabilities are recognised as expenditure as soon as there is a legal or construrtive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation tan be measured rellably. Expendlture Is accounted for on an accruals basls and has been dasslfled under headings that aggregate all cost related to the category. Where costs cannot be directly attrlbuted to partlcular headings they have been allocated to actlvltles on a basts conslstent wlth the use of resources. 2.4. Taxation The charity is exempt from ¢orpovation tax on its charitsble artivities. 2.5. Fund ae¢ountlng Unrestrirted funds can be used In accordance wlth the ¢harltsble objertlves at the dls¢retlon of the trustees, Restricted funds ¢an only be used for particular restrlcted purposes wlthSn the objects of the charlty. Restrlctlons arlse when specified by the donor or when funds are ralsed for partlcular restrlcted purposes. Further explanation of the nature and purpose of each fund Is Included In the notes to the financlal statements. 3. Investment In¢om• 2025 2024 Unrestrlct•d Unrutrlthd funds funds Bank interest re1vable 364,668 26,481 4. Analysis of Expenditure 2025 Grant funding of Support actlvltle$ ¢o$ts (see note 5) (see note 6) T)tsl Support Costs 45,000 21,366 66,366 Page 8
The Jones Communlty And Education Trust Notes to the Flnanclal Statements (continued) For The Year Ended 30 June 2025 2024 Support ¢osts (see note 6) Support Costs 34,611 5. Grants Payable 2025 2024 Grants to Instltutlons InJtltutlon• Grants to Support Costs 45,000 Grants pald to Instltutions, Included above, are as follows.. 2025 2024 Chess In Schools and Communitie5 Bolton Lads & Girls Club Brldging the Gap Fragile Society Mustard Tree St Bride's Church 20,000 5,000 5,000 5,000 5,000 5,000 45,000 6. Support Costs 2025 Support Costs Employee costs Genernl adminlstration Governance Costs 17,112 34 4.220 21,366 2024 Support Costs Employee costs General admlnlstratlon Governance costs 29.402 289 4,920 34,611 Page 9
The Jones Community And Education Trust Notes to the Financial Statements (continued) For The Year Ended 30 June 2025 7. Staff Costs Staff costs were as follows: 2025 2024 Wages and salaries 17.112 29.402 No employee5 reiVed employee benefits (excluding employer pension Costs) for the reporting period of more than £60.000. 8. Average Number of Employees Average number of employees durlng the year was.. l {2024: 1) 9. Creditors: Amounts Fallin9 Due Within One Year 2025 2024 Accruals Amounts owed to related parties 4,220 9.077 4,020 29,691 13,297 33,711 10. Movement In Funds As*lJulv 2024 Asat30 Expondltur• June 2025 Incom• Unrestrlcted funds General,. General unrestricted fund 4,641,107 364,668 {66,366) 4,939,409 Total funds 4,641,107 364,668 (66,366) 4,939,409 As at l July 2023 Asat30 Expenditure June 2024 Income Unrestrlcted funds General.. General unrestrlcted fund 4,649,237 26,481 (34,6111 4,641,107 Total funds 4.649.237 26.481 {34,611) 4,641,107 11. Transactlons wlth Trustees None of the trustees received any remuneration or any other benefits from an employment with the chadty or a related entlty during the current or previous year. No trustee expenses have been Incurred. 12. Related Party Disdosure$ During the year, an entity with common directors recharged the charity for staff costs of £17,112 (2024: £29,402). Included in creditOTS is an amount owed to the lated paty entity by the charity of £9,077 (2023 £29,691). Page 10
The Jones Community And Education Trust Notes to the Financial Statements (continued) For The Year Ended 30 June 2025 13. Company Ilmited by guJrJntee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the asset5 of the companyi in the event of a wlndlng up, such an amount as may be required not exceedin9 £1. Page 11
The Jones Communlty And Educatlon Trust Detalled Statement of Flnanclal Actlvltles (Includlng Income and Expendlture Account) For The Year Ended 30 June 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Investments Bank inteft5t CeiVable 364.668 26,481 364,668 26,481 364,668 26,481 expENDITURE ON: Charitable Actlvltie$: Support Costs Grants to institutions Wages and salarles Sundry expenses Accountancy fees {45,000) (17.112) (34) (4.220) <29.402) (289) {4.920) (66.366) (34.611) (66,366) (34,611) NET INCOMEI(EXPENDITURE) 298,302 (8,130> Page 12