Reglstered number: 12168fj82 Charfty number: 1190860 THE EMILY JORDAN FOUNDATION PROJECTS LIMITED (A company Ilmiled by guarantee) UNAUDrrED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2021 THE EMILY JORDAN FOUNDATION PROJECTS UMITED (A company Ilmlled by guarant￿} Page Reference and admlnlstratlve d8ts118 of the Con¥wiy9 Its Twslees and advisers Trustees. report Independent examiners report ststement ol financial a¢tfvities Balance sheet Notes to the financial statements 10-18 THE EMILY JORDAN FOUNDATION PROJECTS UMITED (A t￿MpanY limited by guarantee) REFERENCE AND ADMINISThATIVE DEfAILS OF THE COMPANY, rrs TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 JULY 2021 J RourKI, Truste8 {apWini￿1 14 August 20201 A Jefferies, Tr￿ laFooInt￿ 14 August 2020) J Jordan, Trustee (a￿lnted 14 August 20201 C Jordan. Chair {apwnI￿I 21 August 20191 S Jordan, Trustee [a￿oInt￿l 14August 2020} D Eth8rington. T[￿ (arn￿)1￿￿ 14 AugL¢St 2020) Company r8glstered number 12168682 Charity regi￿￿•d number 11 R8gist8red offlce Valley House Trimpley Worcestershire OY12 1PG Accountants Crowè U.K LLP Charterwj Accountants Black County House Rounds Green Road Oklbury West hAidlands B69 2DG Page I THE EMILY JORDAN FOUNDATION PROJECTS Um￿E0 {A company Ilmlted by guarantaè) TRUSTEES. REPORT FOR THE PERIOD ENDED 31 JULY 2021 The Trustpes present Iheir first annu￿ rew)rt logether the finan￿1 statements ol the Company for the riod 1 Seplember 2020 to 31 July 2D21. Th8 Annu￿ r8POrt s8rv8s the purpos8s of both a Trust88s' r8POrt and a directors, report under company law. The Trustees ¢onfirni that the Annual report and financial statements ol the charitable company comply the wrrent statutory requirements, the requirements of the charitable CDmpanVs governing document and the provi&ons ol the StaÈment ol Recommended Practi￿ ISORPI applicable to charit'es preparing theii accounts in a(£ordance with the Fina￿al Reporbng Standartl applical)le in th8 UK and Retxjblic of Iroland IFRS102) (e￿tiVe l January 2019). Sinco the Company qU￿[li&s as s￿all urMSer ￿tion 382 of the Companies Act 2006. th8 strateg￿ r8pNJrt required of medium and large ¢ompan>6s urnjgr the Compani88 Act 20[￿ (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objeetlves and activtlies a. The Foundatlon alms The Emily Jordan Foundation Projects was establish￿1 in 2020 after The Emily Jordan Foundation, its sister chartty based in F((*ser￿inster. partnered ￿th Dudw COU￿11 in a lottery bid for monies to be spent on Stevens Park. situated in Quarry Bank, West MKllands. The Counctl had seen what the Foundation was doing lo support people %%4th lèarning disabilities in ￿t￿￿er￿1nStBr. and bdievgj that wè could olle.. good quality SUPPOrt lor this group in the DLKlley area, by ollering similar projacts to those dr8ady successfully davalop￿d. This bid was successful in 2019, when £1.4 million was grantsd, alongside £400k from the Council. The monies w8r8 to b8 spent on the park ttseif. Yrith new paths and refurbishmenl to its slrucluies: p4us the com Joto rabuild ol a Victorian Hwse on th8 park Its a desgn that was agreed by Chris Jordan and Ruth KrivDsic, our CEO. This rebuitd YRS to enable the charites, prO1￿ts to be cyerated from the building. The rebuijd was @ventu￿ty fInish￿j in June lJuly 2021, the Foundation mowng in straight away. Thls start-up of thè Charity projects was right at Ihe end of the financtal year under rev¢ew, so there will be substantially more to comment on nèxt year. The new Charity, The Emily Jordan FourKlation Pro1￿ts. Wds set LP to en*e complete financial separation from The Emily Jordan Foundation rtsell, as this new project has tts own set of risks. How?ver. The Foundation has luncjed the ngw Charity wth a grant of £28k lor its start-up P8riod, as allowad thin rts constitutii)n. The ￿rnS ol the new charity ￿e ￿ samè a5 the Foundation: TD support ￿th leamirrfj disatylities to Iwl fiJlfill&J It￿. In setting c￿lectIVeS planning for activilies. the Trustees have gNen due considerdtion to general guidano W￿l$hed by the Charity Commission ￿lating to Wb1￿ benefiL indLKling the guidance 'Public benefitr. running a charity IP821'. Page 2 THE EMILY JORDAN FOUNDATk)N PROJECTS LIMITED (A company Ilmlted by guarnntae) TRUSTEES. REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 JULY 2021 Oblecttves and acllvwos (contlnt*dl b. The Emily Jordan Foundatlon Projgcts In order to achieve its aims, the new charity has started three separate wort<-based prolects, based on thosè already successfully njn in lfjdderminst8r. These actvit9s are undertaken to achieve our objBctives.' Sp¢)kes This is a bike project. where the Train*s with ￿fflIng disatM"lib"es rebuild bikes. that have been gNen lo us by the public. They will *0 get involved in bike repaiT for the coJnmunity in the future. They do this with support from trx)th stall and volunteers, leaming new slolls that vAlI of bse to them in the lulure vthen trwng lo move into the workpl￿e. The volurt.eers who work ￿ our tsne8s do an amazing job, wth rFTany ol thBm from an engineering background. We have attracted some very gor￿ volunteers to this ngw project aready. ThTigs This is cKJr horticuhllr￿ project, Whe￿ trainees ¥￿h leaming disalyltties ￿aM sknlls within a garden centre environment. They are invofved from start to finish this project. ￿anting plugs. wateriNJ and maintaining plants as they grow, alld then IRing invofved w..th the sale5 of Ihese to '.he public. The new site is based in a separate area on the part but this has been sUbstsnb￿IY dela￿J. See the explanatioft that follows. Go Green This is our retyeling PToject. where people wth more complex needs carry OLrt a variety ol recyding invoknng ¢ans, glasses, and a variety ol FA&8ti¢ materi￿. They are aLso involved in light manufacturing projects, which are enjoyed by all. Again Ihks projeol has been dew. of the limit￿Y space available. Page 3 THE EMILY JORDAN FOUNDATION PROJECTS UPIITED {A compgmy Ilmlted by g￿rantee) TRUSTEES. REPORT (cop￿INUED) FOR THE PERIOD ENDED 31 JULY 2021 Achiav8ments and perlorniance Re¥lew of Trading wiod Sepiember 2tr20- Juty 2￿27 Managlng the rwi Clwlty through the Pandemie Thè start-up of The Emily Jordan Foundation PrO1￿ts has been very dtffKuM. for a vartety of reasons: 1. A five-fftonlh dday in Ihe slart-up of thg proje¢l lthg r￿ann￿ start was February 2￿21) has reLluced th8 income stream for the first year dramab"cally. as the college leawng period for people Mqth learning disabilities has been MISS￿1. The live-month d8tay in o￿nIng thg ssrfflca aff8Ct8d the ￿FP from oltering provision to those leaving lull and part time eduCat￿n at try)th stages of trangtion lages 19 & at 24 years} for the entire 2020121 academic year. 2. In adr51ion, the T￿igS area still needs substanb"J work done to (t, as the inslJl ol the rx)lytunnels has not been carried out to the speulication agreed betw￿￿ Dudey Council anc EJF. These wll need to be laken down during the remainder of 2021 completety rebui￿, wtth solKI ll¢)ors ar* a Met￿ of mesh around the base on the wlytunnds. It bs likdy that Iha Twigs pro1￿1 wll not start prWy unlil March l April 2022. Eflectiv8ty 12 months wll have L￿en 'losf lor this Proiect. 3. A significant amunt ol 'snagging' work continues to make the operation of projects (lrff¢uh, as at year and. This has taken up a large amount of management b"me, whth was never allowed lor in the Driginal projections. 4. In alklition, it was never going lo be easy starfing three new projects at a nv•Y location in the middle of a pandeftiic, but everyDne has been up for the Cha￿ngel The pandemic ha5 I￿j to a low8r number of people coming lorward to experience the new pro1￿. In adthtion, Adult Soaal ServicBs in Dudley have had to focus On supporting people wrth learniThJ disaly'lities w4thin th￿r own enwronments at home or in Support￿ liwng, throughoLrt the whole pandemie period. This si￿ation 5hwkl improve during thè next 12 months. Howover. we are confident Ihat after Ihe start peri￿1 the pro1￿ V*ill be a SUG￿5. The next year wll bo a major part of making thÉngs ￿ a5 hopelLdly Ihe panthmic com8s to an erKI. As mentioned eadier The Foundation has suFported this new venture ¥￿th a grant of £28k to cover the lirst-year projected loss. However, it is likely that this loss will be substantially more by the end of th8 next six months. With the Llifficulties expwienced it may be necessary to suw)ly some rnore. limited financial support, Lxrt this ￿ryI1 be a&￿ed in the future rf necessary. The Council itself will also be approached for support rf thi8 is thg case, as any incraase in the loss wll not be due in any way tecause ol the actions ol the Charity itsdl. We would like to say a huge thank w)u to ￿1 our s1aff and volunteers, who have wotl(ed so hard during Ihe start- up of th6 charity, through SOTne very (riff￿Ult tiffles. b. Flnance The unrestricted funds shs)wn in thè accounts are a'gn￿￿01 at year end, and this r￿Ure is very likely to show a signif￿an1 reduction in the ntsxt 12 months as the truo siart-up cost ol the charity takes effect. This is because c*f the la¢bts explain￿ above. Page 4 THE EMILY JORDAN FOUNDATION PRCAIECTS uMrrED (A ¢¢)mpany Ilmlled by guarantee) TRUSTEES. REPORT (Cor￿1NUED) FOR THE PERIOD ENDED 31 JULY %)21 Flnanclal r8vlew a. Golng ¢orKem After making appropriate enquiries, the Trustees have a reasonable eXp￿tion that the Company has adequat8 resources lo continue ir (peralion￿ existen￿ for the IoTesee*e future. For this reason. Ihgy continue to adopt the going concam basis in preparing the financial statemetts. Furthèr details regarding the athplion of th8 going CO￿ern basis can be lound in Ehe accounting pOI￿leS. b. Aesorves pollcy Thè Chartty Trustees have agreed to maintain a reserve of £50k. to dlow for any drop in revenue and to enable an orderly wrKI doyffl ol projects il necessary. Th￿ money can only L￿ spefti on this tth'ng place. The iemainder ol funds available can be ublised to enable the aims of the Chattty to achieved. Thg free reserves aTe made up of unrestriclecl reserves of £25,764 less restn.cted resesves £9.589 I￿ tangible ass8ts £18.921. Therefore the free ￿seNeS are £16.432 which is bdow tr.è £50.0(K) roserv8s wlicy. Structur& governance and management . Conslilulion The EMI￿ Jordan Foundation Projects kn"mtt&l i8 Wister￿1 as a charitabjè company limited by guarantse and was sèt up by a Memordndum of A48ociation. b. Melhods of appolniment or electlon ol Trt￿teaS The management ol the Company is the responsitilty ol the Trustees who are elected and co-optsd under th8 terms ol th8 Memorandum ol Asswation. Plans for future ￿lod5 The current financial year has brought chdlenges. as rewrted above. However. the Charitywill continue to move forward wlh ils &ms over the naxt 12 months. Paoe 5 THE EMILY JORDAN FOUNDATION PROJECTS LIMrrEO {A company limilwj by guarantee) TRUSTEES. REPORT IcoKfiNuED) FOR THE PERIOD ENDED 31 JULY 2021 Statoment of Trustees. Tespon¥lbllllles The Trustees (who are also the diwtors ol Ihe Company for the purposes of company lawl are respon*blè lor proparing the Trustees. report and the financial statements in a￿ordanCe applicable law and United lfjngdom Accounting Standards (United lQng*)m G8n8rally Accept￿1 Aixounting Praclicel. Company law r￿U[re8 Trustees to prep￿ finaficial statements lor each ffinancid period. Under company law, the Trustees musl not asyove the linan(aal statements unless thay ar8 Satsfi￿ that they give a true and lair vittw of thè state ot affairs ol the Company and of its ineoffling resources arKI apFAication ol resources, Including its Income and eXpe￿Itt￿re. tor that period. In preparing these ltnanci￿ statements, the Trustees are required to.. select suitable aceounttng and then arply tlem conststendy, observe the meth￿S and w1ncl￿e5 ol the Charite5 SORP {FRS 1021" make judgmgnts ancl accounting estimatss that are reasonable and prudent", state whether apwlicable UK Aceounting Standards {FRS 1021 havtr b88n lo110￿￿, s￿l￿t to any matorial deFiartures disclos￿1 and ex*ined in the financi& statements- prepare the linanoal statèments on the going con(*m basis unless it is inappropriate to presume that th Company will continue in business. The Trusle&s are resptsnsitAe for keeping adequate accounting records that are sulfitient to show and explan the Companls transactions and disclose wth reasonaDle auxracy at any time the lin8n¢ial position ol th8 Company and enable thetn to ensure that financia stateynents compty wlh the Companies Act 2006. They ar8 also reswnsible for saleguaréing the assets of 1h& Coms)any and henGe for taking Teasonable stsps lor the prevention and detection of fraud anLI other irregularilies. prov&1 by order of Ihe mem1￿lS of the board 22 March 2022 and signed on th￿r bab￿1 by.. Trustees on Chrfstoplw Michael Jordan Page 6 THE EMILY JORDAN FOUNDATION PROJECTS UMITED (A ¢ompany limtted by guarantee) INDEPENDEKf EXAUINER'S REPORT FOR THE PERIOD ENDED 31 JULY 2021 Independ8nt ExamIn￿$ Report to the Tmst*s ol Thè Emlly Jordan Foundatlon Pro￿¢1$ Umtledllhe CompanVI I report kn the charity Trust8es on my examination of the aLWUtts of the Company IDr the ￿rIOd ended 31 July 2021. Re$ponsibilitlès and B•81s ol Report As the Truslees ol the Company lané its diwlors for th8 pur[￿5 of company law) you ar8 responsible for the preparation of the accwnts in accordance with rwuirements ol thg Companies Act 2006 Ilhe 2006 ACYI. Having satisfied thai the accounts of the Company are not required lo be audited under Part 16 01 the 2006 Act and aTe eliqible for indeperKlent examination, I report in ￿Pect of my examination of Ihg Companvs accounts carried out Ljnder S￿lI0n 145 01 the Charities knt 2011 {Ihe 2011 ACVI. In carrwng out my examination I have follow￿ the Directions given bythe Chanty Commisgon un¢Jer section 14515llb) ol the 2011 Act Independent Examiner's Statemènt I havo completed my examination. I confim that no matters have come to my attention in connection with thg examination giving me cause to beliwe.. accounting records were noi kept in resw ol the Company as requireL1 ty section 386 of the 2006 Ath" or the accounts do not accord with those records" or the accounts do not compty with Ihe a￿)Unting Tequirements ol ￿tion 396 of the Att other than any rgquirem8nt thai the accounts give a Irue and fairf wew wh￿h is not a ￿all8T CO￿51(￿red as part ol an independent examination., or the aco)unts hav8 not b8en prepared in a(xordance ￿th Ihe melhods and princi>les ol the Statemènt of Recomrnended Practice for accouth.ng arKI r8porting by ¢hariti"8s laWicab19 to ¢harits85 preparing thèir accounts in acCOrda￿e V4ith the Fina￿1￿ Rowrbng Standard apE￿icable in th8 UK and Republic ol IrelarKI IFRS 10211. I have no co1￿0MS have come across rK) other matters in connection wTth the exatnination to which attention should be drawn in thk8 report in order to enable a proper UfKJerslanding of the accounts lo be reached. This report ks made solely to the Companys Trustees, as a tthy, in a￿Ordance wirh Part 4 01 the Charitios (Accounts and Reports) Régulations ￿8. My 7M)rk has been undertaken so that I might state to the CDmpanls Tnjslees those matters l am reqLFiTed to state to them in an Indepen(ient examiner's rewrt and lor no other purpose. To thè lullesl extent permitted by law, l (kn not accept or assume responsifrility lo anyone other than the Company and the compan￿5 Trustees as a W. for mywork or lor thk% rep)rt. Slgned.. Dated: 23 March 2022 Kerry Brown FCA Crowe U.K. LLP Black Country House Rounds Green Road Ojdbury Wesl Midlands 869 2DG Page 7 THE EIAILY JORDAN FOUNDATION PROJECTS LIMrrED (A ￿MpanY limited by gu￿an18e) STATEklENT OF FINANCIAL ACTivrriES (INCORPORATING INCOME AND EXPENDITVRE ACCOUND FOR THE PERIOD ENDED 31 JULY 2021 ReslYl¢led Unrestrl*l Total lunds lunds fund5 Perlod ended Perlod endad Period endad 31 July 31 July 31 July 2021 Note InooThE from: Donations and18gaaes 50054 60A24 Tolol Income 9,670 50W4 60.524 Expendituro on: Charitable activib&s 25.171 25,171 Total expendllure 25,171 25,171 Net income Transfers b8tsveen funds 9,670 181) 35A53 13 81 Net movement In funds 25,764 35,353 Reconclllatlon of funds: Net movement in funds 25.764 35?53 Total funds Cathed foTh¥ard 25.764 35.353 The Statement of Financial Athtvrties indu(les all gains arKJ losses r￿ogniSed in the periLKI. The notes on pages 10 to 18 form part ol th￿ finawal statements. Page 8 THE EMILY JORDAN FOUNDATION PROJECTS UMITED (A company limlted by guarantee) REGISTERED MUMBER: 12168682 BALANCE SHE AS AT 31 JULY 2021 2021 Nots Fixed ass8ts Tangible assats 18.921 18,921 Current ass Debtors Cash at bank and in hand 46.188 56295 102,483 (86.051) Crèditors: amounts lalling due wrthin one year 10 current a55ets 16.432 Total net assets 35,353 Charlty fLmds Restricted funds 13 13 9,589 25,764 Unrestricted funds Total lunds The Company vras entrfed io exempl'on from a￿lt uThl8r ￿￿)￿ 477 of the Companies Act 2006. The members have not required (x)mpany lo cthn an audit for the pari￿1 in question in acxordanc8 with section 476 of Companies A￿ 20C6. Thè Trustees acknowl￿ge their reswnth'litBs for Com￿y1ng wth Ihe requirements of the with resp￿110 accwnting records and preparation of fina￿la1 statemerrts. Thg financial statomerrts have been prw8d in accordance wth the provisions akyl￿ble to entities subject lo the small companies regime. The financial slatWen￿ were approv￿1 and authorised for issue by the Trustees on arch 2022 and signed on their beh￿1 by.. Jordan The noles on pages 10 to 18 fomi ol these financiat statements. Page 9 THE EMILY JORDAN FrbOn￿ b￿￿een those a￿￿ltieS on a ba￿9 consistent ￿th 1178 use ol resources. Central staff costs are a[locat￿l on the basi8 of time ¥Jent. and depraciation charges allocated Dn the wrtion of the assevs (tse. Expenditure on charilable activities is incurred on directty u￿1&rtaIQ.ng the activiti88 which further th6 Companls objec1ives. as well as any asw*ed sur4x)rt costs. l experxltture is inclusive ol irr￿verable VAT. Page10 THE EMILY JORDAN FOUNDATION PROJECTS UMrrED IA company limi￿ by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2021 Accounling poli¢ies (contlnued) 2.4 Twgible fixed as$8ts and deprecialion Tangilje frAed assets costing £NIL or more are capt￿lSe￿ and reeognised when fu￿re econornic bènefits are probable and the cost or Y￿ue of the asset can be measured reliably. Tangl￿e fixed assels arg initidty recognised at C05t. Aller recognition, Ur￿er the s[￿ rnotlel, tangible fixed assets are mea5UTed at cost less aceumulate(I depr￿latIOn aNi any accumulated impairment losses. All costs incurreé to bring a tangbi le fixed asset into its inte￿￿ working condition should be included in the measurement of ¢ost. Depreciab"on is charged so as lo allr￿18 1he cttst of tangiNe fixed assets less their residual vJue over their estimated useful lives, Dep￿lation is provwjgd on the foll￿1￿g basis: Plant and machinery Offjce equiwient IirA straKJht Ilne t(PA straKJhl line 25 Liabililios provlslons Liabilitr'es ar8 r￿n￿￿ed vthen there is an o￿lgallon at thè BaL4ncÈ sheet date as a result of a past event, it is probatrAe that a transfer of KorK)fflic benefft wll be required in settlemerrt, and the amount of the setuement can b& &stimat￿l rdiably. abilities are recognised at Ihe amount that the Company anlupatss il wll pay to Sgttle the debt or the amount il has recewl as adva￿ ￿9Yrn￿nts lor tha goock or S8TViC8S it must provide. Provision8 are measvred at the bgst estimate of thg amounts required to s8tU8 th8 O￿lgatiOn. Where the effect ol the lime Wdlue ol money rs Tnaterial, the provision is based on thè present value of those amounts, discounted al thg pre-tsx dw)unt rale Ihal refkcts the ri*s specific lo the liability. The unwinding ol th8 discounl is recogniseil in Ihe StaterneTrt of finawal activities as a fI￿ar￿ cost. 2ffj Flnancial instmmbnts The Company only has )Fnawat assets aNI ffinana25 li2bilities ol a kind that qu￿lfy as basic financial instrutnerrts. Bas￿ financial instruments are inilialty recogntsed al trarnsa¢ti¢n value and subsequently measured at their settlement value wth the exception of bank loar￿ which are sulwuenlly Measu￿ at amortis￿l CO￿ using the eft￿tiVe interest mothod. 2.7 Agency aryangements The charty acted as agenl in Forlnetship with the Emity Jordan Foundation for Dudley Council to purchase some fixed assets on lh￿r behalf. This income and eX￿ndituTe is excluded from the income arKI expgnditure of the chartty ar* any balances due from or held on beha￿ ol Dudley Councll are excluded from the balance sheet and ￿pOrt￿ separately in the nol&8 to the Yinanclal staletnerrts. Page11 THE EMILY JORDAN FOUNDATION PROJECTS UMITED (A eonyny limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD EMDED 31 JULY 2021 Aee4)unttng pollcles (continued) 2A Fund accounting Generd funds are unrostn.c￿ funds wh￿h are aThlable for use at the discretion of the Truste8s in lurtherance ol the objec15￿ ol the Company and wh￿h have not been designated lor other purposes. R8stricted fu￿1$ are lurKts whicl) are to be used in aettsrdarKe wth specific restr￿10￿8 imposed by donors or wh￿h have been raised by Ihe Company for part￿lar purposes. The costs ol raising and administering such funds are charg￿1 against the speutic fund. The aiffl and usa of each reslricied fund is set out in Ihe notes to the linaroal slalements. 2S Conwratlves The charty was th)mart in the ￿riod to 31st ￿gUSt 2tr20. Incomè from donations and legades Restricted Unrestrfcted funds funds Perk Period ended 31 July 2021 Total funds Period Total funds 31 ￿lY 31 July 2021 31 Atwusl 2020 Contractual income- Dudley CourKil Grants 9,670 4,921 45,933 14,591 45,933 9.670 50.854 60,524 Analysis of expendltyre by activillss Support costs Period endod 31 July 20 Totaj funds Total Period funds onded P6170d 8ndeLa 31 July 31 Augu51 20 2020 Running costs 25,171 25,171 Paoè 12 THE EUILY JORDA>1 FOUNDATION PROJECTS UMrrED (A company limiled by guaranleel IIOTES TO THE FINANCIAL sfATEAIENTS FOR THE PERIOD ENDED 31 JULY 2021 Anatysls of expenditure by activities {contlnwd) Anatysls ot support costs Totsl fund$ Total Perlod lunds ended P￿10dende 31 July 31 Augusl >)21 2020 Staff costs Salary recharges Depreciatron Office costs Leg￿ ar)d professo￿ costs Computer costs Repairs and ￿newaIS Premises maintena Insurance Bank lees tTavel and subsislence Subscripti¢Jns Acxxxjntancy Advertising 4,633 292 695 150 942 159 1,750 1,310 25,1n Indep8ndent examlnefs remunerntion Poriod ended Pe170d 8nd8d 31 Juty 31 August 2020 Fees payaue to the Company's independent examiner for the irbjependenl examination of the Compan¥s annLHt acI￿n 1,750 Page 13 THE EMILY JORDAN FOUNDATION PROJECTS UMITED (Acompany Ilmlted by guarantee) NOTES TO THE FINA￿cIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2021 Stall costs 8nd8d P￿lOdend80 31 July 31 Augusl Wages salaries 633 The average number of perso￿% emploJEd by the CompanydurTng the period wa5 as follciws: Period ended Per￿dended 31 July 31 August 2021 2020 No. Av&agÈ number ol emptoyees No emptoyee reL8Ned remuneratbon amounjing to more than £fA):(KXI in wther yea¥. Fluth ￿lS0￿C, th8 Charitys CEO, rec￿ed consulta￿Y irwme during the year from The Emily Jordan Foundation of £5,672, which The Emity Jordan Foundation Projects. sister ￿Mpany, and from Spokes CIC, a wholty own&1 subs￿[ary ol The Emily Jordan FOu￿atiOn 01 £75.797. Trustees. remuneration arKI expens During th8 ￿rt(￿l, no TThtstees rec￿￿ any remunerab.on or other benaffts. During the period ended 31 July 2021. no Trustee expenses have been incurred. Page 14 THE EMILY JORDAN FOUNDATK)N PROJECTS UMrrED (A company Ilmll¢d by g￿rantee) NOTES TO THE FINANCIAL STATEmE￿s FOR THE PERIOD ENDED 31 JULY 2021 Tangiblè flxed assets Plant and Offlce ma¢hlnery equlpment Total Cost or valuation A￿rtionS 16.975 2238 19213 Ai 31 July 2021 16.975 19213 Depreciation Charge for th8 periLKI 199 292 At 31 Juty 2021 292 Nel book ¥a￿e At 31 July 2021 16,776 1145 16￿21 Debtors 2020 [￿e wllhln one year Tiade debtors Amounts due fTom Relatsd undertakings Prepayments and aecru&Y income 43.143 1471 574 46.188 Page 15 THE EMILY JORDAN FOUNDATION PROJECTS UMITED (A company limlted by guarnntoe) NOTES TO THE FINAKIAL sfATEMEKrs FOR THE PERIOD ENDED 31 JULY 2021 10. Credltors: Amounts falllng due wlthln one Trade cr?￿rtOIS Other ttxation and SLKia] security Amounts due to Rela￿1 ut￿er1akIngs AcvuaL8 and delerre(l income 750 7A78 20,292 55A31 86,051 11. Flnanclal In￿r￿ments 2021 2020 Flnancial assets [nan￿al a&s8ts measured al fairvalue through irwme and exI￿ndItUre 56295 Finanoal assets measured at I￿r vatue thr￿gh income and ex￿TraitUre eomprise ¢ash at bank and in hand. 11 DgIe￿ed income 2021 2020 Resources deferred during tha P8riCMI 53,781 Deferred Income at 31 ￿lY 2021 53,781 During th& year income from Dudley Counul of £S3,781 {2020.. NIL) was deferr￿ which relates to tvjsiness devdopment, staff aThJ manag9m8nt. tr￿nIng recruitm8nt costs. Pagè 16 THE EMILY JORDAN FOUNDATION PROJEGfs U￿￿ED (A company Ilmit￿ by ouaranle•) NOTES TO THE FINANCIAL sTATEuE￿rs FOR THE PERIOD ENDED 31 JULY 2021 13. staten￿nI of fiJnd$ ststament of funds- P￿0d Transfers Balan¢8 al inlout 31 July 2021 Inwme Expenditure Unresttlcted funds Gen8ral FuThJs- all funds (25.1n) 81 25.764 Restrlcted funds Restricted Fixeé Assets 9.670 (81) 9,589 Total of funds 60.524 (25.1n) 35,353 Restri¢ted Funds Rastrfcted Flxed Assets Grant income from Dudley CAJuwl used to PLJrchase fixed &88ets lor the purtM)se of running the charity projects. Transfers tsut of general funds are trj rellect tha depreoabon chaTge on restricted fE¥ed assets. 14. ￿rnM￿ry offund$ Jmmgry of funds- current wlod Transters Balance at Inlout 31 July 2021 Incom Exwdliure Genaral funds Restricted funds (25,171) 81 181) 25.764 9,670 24 (25.171) 35A53 Page 17 THE EMILY JORDAN FOUNDATION PROJECTS LIIAITED {A company Ilmlted by guarantee) NOTES TO THE FWANCIJL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2021 15. Analysis of net assets bthY*n lunds Analysis ot net assgts belween lunds. ￿ttent poriod Restricted Unreslri￿ed funds lund$ 2021 Total lunds Tangible fixed assets Current a&s8ts Creditors due wtthin one yEaT 9,332 102.483 186,0511 18,921 102,483 186,OS11 To 25,764 35,353 16. Relatad p￿Y transactions During the year the Emily Jordan FoU￿tatiOn Pro1￿ Lld receNecl grants 01 £28,LH)012020.' NIL) fro the Emily Jordan Foundation Ltd, a thaiity ol which Chrislopher Jordan arKI Etherington ar8 also trustees. I￿luded wthin debtors at tho year end is an amount of £2,470 (2020.. NIL) owed from the Emily Jordan Foundation lor income ￿Ve￿ on the ¢hariWs L*half. Included Imthin c￿lI0r5 is £20,292 {2020.' NIL) lor amounts due to Spokes CIC wh￿h relatss lo management [￿hargeS and purchases ma¢Je on the charills ixhaf. 17. Agen¢y transacilons During the yaar, the EmilyJordan FOU￿b0ft Ud purchasèJ kttchen equipment for £11,PA2 in parthership with the Emily Joréan Foundation Projects Ltd on behalf of Dudley Council. Tho Emily Jordan Foundation Projects Ltd also purased kitchen unrts tor £3.881. Thig Wds repaid by Dudley Counryl during the yoar. No lees were charged for faolitating this arrdngeFnenL There were no afftounts Ow￿1 to or from the charity at the year end. Pag&18