2023-03-31-accounts - The Jewel Foundation

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COMPANY REGISTRATION NUMBER: 10677798 CHARITY REGISTRATION NUMBER: 1177160

THE JEWEL FOUNDATION

Registered Charity and Company Limited by Guarantee

Financial Statements

31 March 2023

CHARTWELL ACCOUNTANTS & BUSINESS CONSULTANTS LLP

Chartered Certified Accountants 47 Bury New Road Prestwich Manchester M25 9JY

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Financial Statements

Year ended 31 March 2023

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the Trustees	6
Statement of financial activities (including income and
expenditure account)	7
Statement of financial position	8
Notes to the financial statements	9

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2023

The Trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.

Reference and administrative details

Registered charity name THE JEWEL FOUNDATION Charity registration number 1177160 Company registration number 10677798 Principal office and registered Sedgley Community Hub office Bishops Road Prestwich Manchester M25 0HT The Trustees Mrs J S Myers Mr D B L Zucker Mr C Lewis Mr P Corn Independent examiner M Guttentag FCCA of Chartwell Accountants and Business Consultants LLP 47 Bury New Road Prestwich Manchester M25 9JY

Structure, governance and management

The Jewel Foundation was incorporated on the 17th of March 2017 as a company Limited by Guarantee with company number 10677798. It was registered as a charity with the Charities Commission on the 14th February 2018 governed by its Memorandum and Articles. The charity registration number is 1177160.

Organisational structure

The Trustees administer the charity and they have appointed a chief executive to oversee the day to day affairs.

Risk review

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage exposure to the major risks

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2023

Objectives and activities

The objectives of the charity are the relief of unemployment or financial hardship for the benefit of the public in such ways as may be thought fit including: (a) the facilitation and provision of services to deliver economic and employment opportunities; (b) to provide the necessary support for individuals to be self-sufficient and able to generate a sustainable income, either through assisting them to find employment or supporting them in self-employment.

Public benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

The charity’s key achievements were supporting 529 people over the year, with employment, training and business support.

Employment

Our employment support includes comprehensive individual careers advice and a psychometric aptitude skills test, helping people identify their unique skills sets and career potential. Additionally, we provide support with CV writing, job applications and interview skills and provide follow up advice and guidance once a beneficiary has found a job. We also provide a job placement recruitment service with local employers.

This year we made a specific focus on supporting people who were already in work but were struggling with the cost of living crisis and not able to bring home enough income to cover their expenses. We supported these people by providing a range of training courses to increase their skills as well as providing them with advice on how to approach their employer when asking for a wage increase. We are proud that we managed to support over 55 residents increase their hours and level of earnings

We also facilitated a number of group sessions where we supported our clients with accessing career opportunities with national employers such as the NHS and CPS. This was followed up with individual mentoring to support them through the process so they were able to succeed in starting a career in these sectors.

Employment Outcomes

 We engaged with 112 employers to identify opportunities for our candidates
 We placed 64 individuals in jobs sourced through our employer engagement
 A further 57 beneficiaries found employment opportunities as a result of our support
 We delivered a variety of online and in person workshops which included a series called “Let’s Talk” which covered topics on career opportunities in counselling, accountancy, computer programming and how to apply for jobs.

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2023

Training

Our training support remains one of our main areas of focus. We currently offer an IT Essentials course which includes Microsoft Word, Excel and PowerPoint as well as general IT skills. We also offer an online bookkeeping course, computerised accounting for business Levels 1 and 2.

We have continued our partnership with Babington Training Provider to offer a range of free online courses including Team leading, Business Administration and Customer Services and are actively looking for new providers to increase the training courses we offer.

We have also identified a number of candidates who have not achieved their GCSE maths and English and they have been referred to functional skills courses which are an equivalent qualification to GCSE’s and allow them to access further training.

We are working with a digital skills provider who offer boot camps training courses such as computer programming, game development and software engineering. We have a great partnership with this provider who are very accommodating to the needs of our clients. People who have successfully completed the programme are now ambassador for us to encourage other participants.

We continue to provide a substantial amount of digital support for individuals with little computer skills and have increases the number of tablet devices and laptops which we were able to lend to participants who didn’t have computers or internet access in their homes.

A significant achievement was the continuation of the Jewel Training Award where individuals were encouraged to apply for funding towards training costs of a specific course. This has been a huge success with 56 applications received in the first year and 45 applications received this year.

108 people enrolled on our training courses and all were supported throughout to ensure they received the maximum benefit from them.

Business Support

54 local businesses were supported with mentoring and advice. We have developed a wide range of business training courses to help businesses with sales, marketing and accounting. We are also in the process of setting up a business networking group, in a variety of sectors, to help business owners share tips and insights.

We also delivered a range of business support workshops to encourage entrepreneurships and to ensure that start-up businesses have the tools and resources to succeed.

General Overview

The charity has maintained strong partnerships with Local Authorities and statutory services to ensure the local Community had access to mainstream support and that these services understood the specific needs and requirements of our clients. The charity is proud of how these relationships have flourished over the year and has added real value to the work of the organisation.

We have also partnered with organisations who deliver similar services to learn best practice, share resources and minimise duplication.

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2023

As a result of the charity’s work, families are able to be self-sufficient, have the confidence and self-esteem that they are providing for their families and not have to rely on Government welfare support for daily living expenses. This as a whole enhances the general community spirit with residents having increased motivation and aspirations and are able themselves to give back through volunteering and mentoring to the more disadvantaged in the community.

Financial review

During the period the charity received £12,353 in donations, £129,020 in grants and income of £860 from the provision of services. There was a surplus for the period of £26,537.

Public benefit

Plans for future periods

We have 2 specific projects that we are planning for the coming year.

1) Updating our website

We recognise that we need to encourage people to advertise their vacancies with us and our plans are to create a free jobs board where employers will be able to post their jobs. Equally we want to make it as easy as possible for candidates to apply for jobs.

Accordingly, we are designing an interactive website where it will have these functions with our plan to have a community jobs board where all jobs with local employers are posted. We will still have our comprehensive support for employers who want our HR advice and support but this updated website will hopefully really help employers who want to advertise their jobs very easily and deal with applications themselves.

2) Upskilling individuals who are in work

Although we have already made this a priority in the past year, we are aware of the huge demand for training support especially as the Government are making significant changes to the welfare and benefit system which is scheduled to take effect in early 2024. This will impact people who have been working in low paid and part time jobs.

Our plans are to increase the amount of training courses we offer as well as providing individual advice on how people can fulfil their potential and access opportunities for career progression.

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2023

Besides for these 2 projects we are still developing a social enterprise which will provide work experience to individuals who may not have worked before and need a chance to prove their capabilities.

We are also in the process of working with the Local Authority who currently own our premises to refurbish our centre which will improve the resources and services we are able to offer the community and provide a focal point in the community for those looking for work, training and business support.

The Trustees' annual report and the strategic report were approved on 19[th] December 2023 and signed on behalf of the board of Trustees by:

Mr P Corn Trustee

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Independent Examiner's Report to the Trustees of THE JEWEL FOUNDATION

Year ended 31 March 2023

I report to the Trustees on my examination of the financial statements of THE JEWEL FOUNDATION ('the charity') for the year ended 31 March 2023.

Responsibilities and basis of report

As the Trustees of the company (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 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 respect of my examination of the charity’s accounts 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

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the charity as required by 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 of section 396 of the 2006 Act 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; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their 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 connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

M Guttentag FCCA of Chartwell Accountants and Business Consultants LLP Independent Examiner

47 Bury New Road Prestwich Manchester M25 9JY

19[th] December 2023

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2023

			2023		2022
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	71,053	70,320	141,373	193,284
Charitable activities	6	860	–	860	1,880
Investment income	7	726	–	726	9
		`────────`	`────────`	`─────────`	`─────────`
Total income		72,639	70,320	142,959	195,173
		`════════`	`════════`	`═════════`	`═════════`
Expenditure
Expenditure on charitable activities	8,9	87,216	29,207	116,422	115,049
		`────────`	`────────`	`─────────`	`─────────`
Total expenditure		87,216	29,207	116,422	115,049
		`════════`	`════════`	`═════════`	`═════════`
		`────────`	`────────`	`─────────`	`─────────`
Net income and net movement in	funds	(14,577)	41,113	26,537	80,124
		`════════`	`════════`	`═════════`	`═════════`
Reconciliation of funds
Total funds brought forward		158,056	35,993	194,049	113,924
		`─────────`	`────────`	`─────────`	`─────────`
Total funds carried forward		143,479	77,106	220,585	194,048
		`═════════`	`════════`	`═════════`	`═════════`

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 9 to 17 form part of these financial statements.

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Statement of Financial Position

31 March 2023

		2023	2022
	Note	£	£
Fixed assets
Tangible fixed assets	14	5,941	10,949
Current assets
Cash at bank and in hand		220,362	190,073
Creditors: amounts falling due within one year	15	5,717	6,974
		`─────────`	`─────────`
Net current assets		214,645	183,099
		`─────────`	`─────────`
Total assets less current liabilities		220,586	194,048
		`─────────`	`─────────`
Net assets		220,586	194,048
		`═════════`	`═════════`
Funds of the charity
Restricted funds		77,106	35,993
Unrestricted funds		143,479	158,055
		`─────────`	`─────────`
Total charity funds	17	220,585	194,048
		`═════════`	`═════════`

For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies’ subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 19[th] December 2023, and are signed on behalf of the board by:

Mr P Corn Trustee

The notes on pages 9 to 17 form part of these financial statements.

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Sedgley Community Hub, Bishops Road, Prestwich, Manchester, M25 0HT.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the Trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment	-	33% straight line
Portacabin	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

3. Accounting policies (continued)

Financial instruments (continued)

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

The Company is limited by guarantee and does not have share capital. In the event of winding up, the members are liable to an amount not exceeding £10.

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

5. Donations and legacies

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
	Donations
	Donations		12,353	–	12,353
	Grants
	Grants receivable		58,700	70,320	129,020
			`────────`	`────────`	`─────────`
			71,053	70,320	141,373
			`════════`	`════════`	`═════════`
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
			£	£	£
	Donations
	Donations		19,228	–	19,228
	Grants
	Grants receivable		89,578	84,478	174,056
			`─────────`	`────────`	`─────────`
			108,806	84,478	193,284
			`═════════`	`════════`	`═════════`
6.	Charitable activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Sale of goods/services as part of direct
	charitable activities	860	860	1,880	1,880
		`════`	`════`	`═══════`	`═══════`
7.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Bank interest receivable	726	726	9	9
		`════`	`════`	`════`	`════`

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

8. Expenditure on charitable activities by fund type

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Employment support	86,305	29,207	115,511
Support costs	911	–	911
	`────────`	`────────`	`─────────`
	87,216	29,207	116,422
	`════════`	`════════`	`═════════`
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Employment support	50,734	63,485	114,219
Support costs	830	–	830
	`────────`	`────────`	`─────────`
	51,564	63,485	115,049
	`════════`	`════════`	`═════════`

9. Expenditure on charitable activities by activity type

		Activities
		undertaken		Total funds	Total fund
		directly Support costs		2023	2022
		£	£	£	£
	Employment support	115,511	–	115,511	114,219
	Governance costs	–	911	911	830
		`─────────`	`────`	`─────────`	`─────────`
		115,511	911	116,422	115,049
		`═════════`	`════`	`═════════`	`═════════`
10.	Net income
	Net income is stated after charging/(crediting):
				2023	2022
				£	£
	Depreciation of tangible fixed assets			5,658	6,289
				`═══════`	`═══════`
11.	Independent examination fees
				2023	2022
				£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial	statements		600	600
				`════`	`════`
12.	Staff costs

The average head count of employees during the year was 6 (2022: 6).

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

13. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

14. Tangible fixed assets

	Equipment	Portacabin	Total
	£	£	£
Cost
At 1 April 2022	13,223	12,540	25,763
Additions	650	–	650
	`────────`	`────────`	`────────`
At 31 March 2023	13,873	12,540	26,413
	`════════`	`════════`	`════════`
Depreciation
At 1 April 2022	9,171	5,643	14,814
Charge for the year	4,624	1,034	5,658
	`────────`	`────────`	`────────`
At 31 March 2023	13,795	6,677	20,472
	`════════`	`════════`	`════════`
Carrying amount
At 31 March 2023	78	5,863	5,941
	`════════`	`════════`	`════════`
At 31 March 2022	4,052	6,897	10,949
	`════════`	`════════`	`════════`
Creditors: amounts falling due within one year
		2023	2022
		£	£
Payments received on account		–	3,064
Accruals and deferred income		613	613
Social security and other taxes		1,587	1,367
Other creditors		3,517	1,930
		`───────`	`───────`
		5,717	6,974
		`═══════`	`═══════`

15. Creditors: amounts falling due within one year

16. Pensions and other post-retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £575 (2022: £650).

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

17. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At			At
	1 April 2022	Income	Expenditure	31 March 2023
	£	£	£	£
General funds	–	72,639	(87,216)	(14,577)
Designated Funds	158,056	–	–	158,056
	`─────────`	`────────`	`────────`	`─────────`
	158,056	72,639	(87,216)	143,479
	`═════════`	`════════`	`════════`	`═════════`
	At			At
	1 April 2021	Income	Expenditure	31 March 2022
	£	£	£	£
General funds	–	110,695	(51,564)	59,131
Designated Funds	98,924	–	–	98,924
	`────────`	`─────────`	`────────`	`─────────`
	98,924	110,695	(51,564)	158,055
	`════════`	`═════════`	`════════`	`═════════`
Restricted funds
	At			At
	1 April 2022	Income	Expenditure	31 March 2023
	£	£	£	£
Restricted Funds	35,993	70,320	(29,207)	77,106
	`════════`	`════════`	`════════`	`════════`
	At			At
	1 April 2021	Income	Expenditure	31 March 2022
	£	£	£	£
Restricted Funds	15,000	84,478	(63,485)	35,993
	`════════`	`════════`	`════════`	`════════`

THE JEWEL FOUNDATION

Registered Charity - Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

18. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Tangible fixed assets	5,940	–	5,940
Current assets	143,256	77,106	220,362
Creditors less than 1 year	(5,717)	–	(5,717)
	`─────────`	`────────`	`─────────`
Net assets	143,479	77,106	220,585
	`═════════`	`════════`	`═════════`
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Tangible fixed assets	10,948	–	10,948
Current assets	154,080	35,993	190,073
Creditors less than 1 year	(6,973)	–	(6,973)
	`─────────`	`────────`	`─────────`
Net assets	158,055	35,993	194,048
	`═════════`	`════════`	`═════════`