JOINING OLD AND YOUNG Charity Registration No. 1182863 JOY (JOINING OLD AND YOUNG) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
JOY (JOINING OLD AND YOUNG) CONTENTS Page Trustees, Report
6 Statement of financial activities Balance sheet Notes to the financial statements 9-12
JOY (JOINING OLD AND YOUNG) TRusfEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Joywas constituted as a charitsble incorporated organisation (CIO) on 8 April 2019. The trustees present their report and financial statements for the year ended 31 August 2024. The accounts have been prepared in accordance with the accounting policies set out in Note I to the accounts and comply with the chariWs Artides of Association and the Statement of Recornmended Practice. °Accounting and Reportsng by Charities" (the "SORP"). Ob'ectlves and athftles The charitrfs objectives are: To run intergenerational programmes in which older people and young children communicate and interactthrough recreation and educational activities for mutual and communal benefit; To encourage Integration between diverse community groups by raising awareness of different cultures; Benefits for the Elderly: to reduce Isolation, promote well-being and purpose; Benefits for the Children: to instil and promote respett, empathy and compassion for the elderly with a view to enhancing family and community values; To create self-sustaining, ongoing programmes for intergenerational groups to enhance relationships and friendships between the elderly and the thildren; To develop participants, social skills, confidence and self*steem of the young and the older members of the community; To traln indivlduals to facilitate JOY programmes and enhance their employability; To further such other purposes whlch may be charitable as the trustees see fit from time to tlme; the Trustees can identify new related charitable opportunltles that are charitable accordi ng to the Law of England and Wales. The trustees have paid due regard to guldance Issued try the Charlty Commission on public beneflt in deciding what activSties the charity should undertake.
Achievements and rforman Lifetime Stories Projett. The Lifetime Stories Project has managed to secure a grant from the Borough of Barnet. We took the project into 2 schools reaching 60 pupils and 60 adults. This was very successful with wonderful feedback. Lifetime Stories is a programme designed to connect younger people to the older generation through storytellin& active listening and intergenerational activities. Beginning with a true storytelling workshop and moving through active listening and reminiscing techniques, story-rnappin& interview design; the project seeks to develop the employability and life skills of younger people. Thls is achieved through a deepening of young people's connection to thelr own family histories. Each child will participate in two days (4hours) of storytelling workshops. Every student then becomes a 'story explorerf setting out on a 'stOry-discoverin¢ voyage through their chosen person's life through sharing photos, videos, meaningful objects and songs. This creates a closer connection to someone from an older generation, improving communication and listening skills. The final Intergenerational session brings together their Chosen Person and an object representing a story they discovered, back to the school or centre. Togetherthey will create a piece of art with a written story attached. Joy has restarted the JOY Programme on a Joint site once a month. The people who attend thoroughly enjoy the Interattion between the generations and look forward to coming again. We receive very positive feedback and have been asked to contlnue this programme in the next sclK)ol year. Flnanclal revlew The total Income for the year ended 31 August 2024 amounted to £5632 (2022: £793). Total expenditure amounted to £2808 (2022: £1544). Reserves As of 31 August 2024, JOY'S net reserves amounted to £7837 (2022: £5013}. These funds are suffiaent to cover any ongoing expenses. Plans for fvture perfods JOY will continue to embark on community projects in order to maintain the connection between the old and young. Joywill continue to expand on the'LifeTimeStories' inorderto deliverto moreschools and falth cornmunities. We will apply for grants to enable us to offer this Project to the schools who cannot afford to pay for this. In order to expand this project we will be developing a training programme for facilitators and teachers as an added value to the curriculum.
Structure Vernan and mana ement Governing document The charity is constituted as a Charitable Incorporated Organisation (CIO) and governed by its constitution. Trustees The trustees are chosen on the basis of merit and their ability to make a contribLrtion to the charity in terms of skills, knowledge and experience. None of the trustees have any beneficial interest in the company. All trustees are provided wlth the charitr¢s governing document, the relevant guidance from the Charity Commission on the role of the Trustees and the latest annual accounts and Trustees Annual Report. Organlsational Structure The Board of Trustees is responsible for ensuring that the charity fulfils its objectives. The Board reviews the JOY'S strategic direction and the best use of available resources to meet its objectives. The Board normally meets a mSnimum of twice a year or as requlred to ensure the strategic rnanagement of the charity. Furthermore, JOY'S Founder, Jennlfer {Jenny) Kossew, is actively engaged in supporting the charivs day-to- day activities. For completeness. Jenny is not a Trustee and has no decision-maklng powers over JOY. Related Partles None of JOY'S trustees have been pald any remuneration or received any other benefits from employment with JOY or a related entity. In addition, no trustee expenses have been incurred by JOY in the year ended 31 Au8USt 2024. During the year ended 31 Aug 2024, JOY entered into a number of transactions with Jenny Kossew. Jenny is not a Trustee nor an employee of JOY and does not have decision-making powers over the charity. However, the trustees have delegated the day-to-day management of JOY to Jenny. In partlcular, Jenny's role includes sourclng new projects to ensure the contlnuity of JOY within the communlty. Outside of the pandemic, Jenny also leads the JOY sesslons. Jenny often volunteers her services to JOY, for example, she does not receive remuneration for the day-to-day management of the charity.
Reference and Administrative Information Name of Charity Charity registration number Princlpal address Joining Old and Young (JOY) 1182863 25 Bushfield CreSnt Edgware, Middlesex HA8 8XG Trustees The trustees serving during the year and since the year end were as follows: Mrs F Cohen Mrs G Kendal Mr I Cowan Mrs M Mirvis Mrs N Bharier Mrs S Hubert The trustees, report was approved by the Board of Trustees Ms Fenell Date
JOY (JOINING OLD AND YOUNG) srATEMENT OF FINANCIAL AcrivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 . Unrestrictèd , Restricte(I '; funds , funds '. Total for Total for Year Ended ': Year Ended 31 AU24 . 31Au¢23 , Income from: Donations and legacies Income from charitable activities Income from other trading activities 739 5,632 5.632 739 Expendbture on: Charitable activities Raising funds , Total resources expende(I -j2:808j_ (1,544) (1,544) '; Net Income l (expendlture)__ Transfer Reconclllatlon of funds Total funds brou8ht forward Total funds carrled forward 2.824 ;, 805 7,837 7,837 5013
JOY (JOINING OLD AND YOUNG) BALANCE SHEEr AS AT31 AUGusf2024 31 Au¢24 '; 31 AU23 ', ,' Current assèts Debtors Cash at bank and in hand 7.837 5,013 ', Current Ilabllltles Creditors (-Oj , NET ASSETS ', FUNDS OF THÈ CHARITY Unrestricted funds Restricted funds . TOTAL CHARITY FUNDS 7,837 , 5.013 The financi its behalf ents were approved on insert date and authorised for Issue by the Board of Trustees on Mrs Fenella Trustee hen
JOY (JOINING OLD AND YOUNG) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2024 l. Accounting policies 1.1. Basis of accountlng The financial statements have been prepared in accordan with 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 (FRS102) (effettive l January 2019) {Charities SORP (FRS102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) and the Charities Act 2011. JOY meets the definition of a public beneflt entity under FRS102. Assets and liabilities are Initially recognised at hlstoric cost or transaction value unless otherwlse stated in the relevant account policy note(s). 1.2. Golng concem The Trustees are of the view that the charity is a going concern for at least 12 months frorn the date of signing the financial statements. Therefore, the financial statements are prepared on a going concern basis. 1.3. Charitable fund5 Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are donations and grants whith the donor has specified are to be solely used for particular areas of JOY'S work or for specific artlstic projects being undertaken by JOY. Any costs allocated to restricted funds are directly attributable to the partlcular work or projects that the funds have been provlded for by the donor. 1.4. Incomlng resources All incoming resources are Included Sn the statement of finanaal artivities when JOY is entltled to the Income and the amount can be quantified with reasonable accuracy. 1.5. Donated goods, servkes and faclllties Donated goods, services and facilities are recognised as income when the tharity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit frorn the use by the charity of the item is probable and that economic benefit can be measured reliably. Where possible, donated goods, services and facilities are valued based on what JOY would pay in the open market.
JOY (JOINING OLD AND YOUNG) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGusf2024 l. Accountlng polldes 1.1. Basls of accounting The financial statements have been prepared in accordan with 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 (FRS102) (effettive l January 2019) (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021 and the Charities Act 2011. JOY meets the definition of a public benefit entity under FRS102. Assets and liabllities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant account pollcy note(s). 1.2. Golng concem The Trustees are of the view that the charity is a going concern for at least 12 months from the date of signing the financial statements. Therefore, the financial statements are prepared on a going concern basis. 1.3. Charltable funds Unrestricted funds are available to spend on activities that further any of the purposes of the charlty. Restricted funds are donations and grants whlth the donor has specified are to be solely used for partlcular areas of JOY'S work or for specific artistlc projects being undertaken by JOY. Any costs allocated to restricted funds are directly attributable to the particular work or projects that the funds have been provided for by the donor. 1.4. Incomlng resources All incomlng resources are included In the statement of finanaal activitles when JOY is entitled to the income and the amount can be quantified with reasonable accuracy. 1.5. Donated goods, services and facllltles Donated goods, services and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefitfrom the use by the charity of the item is probable and that economic benefit can be measured reliably. Where possible, donated goods, services and facilities are valued based on whatJOY would pay in the open market. io
1.6. Expendlture Expenditure is recognised once there is a legal or construrtive obligation committing the charity to the expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is dassified under the following activity headings.. Expenditure on raising funds, comprising the costs of fundraising and their related support and governance. and Expenditure on tharitable attivities, comprising the costs associated with running JOY sessions and other activities undertaken to further the purposes of the charity and their related 5UPPOrt and governance costs. 2. Income from donat5ons and legacles Unrestrirted '; Funds Year Ended 31 A_u¥24 Year Ended 31 Au¢23 Donations Donated services Grants 739 5,632 739 JOY greatly benefits from the involvement and support of its volunteers. In accordance with FRS102 and the Charities SORP {FRS102), the economlc contribution of general volunteers is not recognised in the accounts. 11
- Debtors 31Au¢24 . 31 Au¢23 . Amounts due wrthin one year Tax recoverable under gift aid
- Creditors Amounts due wrthkn one year Accounts payable 12