# **The Joseph Trust Registered Charity No: 1196928**
**(incorporating Registered Charity No: 1112380)**
## Accounts
for the year to 31[st] December 2024
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Contents**
|Charity Reference and Administrative details|2|
|---|---|
|Report of the Independent Examiner to the Trustees of The Joseph Trust|3|
|Trustees’ Report|4-7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes|10-15|
|.||
1
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Charity Reference and Administrative Details**
## **Name and address of charity**
The Joseph Trust Operating address and registered office: Rossmoor Grange, Storwood, York, YO42 4SY **Trustees** John Brittlebank (deceased 11[th] August 2025) Derick Charles Robert Frary (resigned 20[th] January 2025) Nicholas Richard Wilton Lee Mark Mills Helen Dumville (appointed 13[th] March 2024) Sarah Edwards (appointed 6[th] February 2025) Paul Edwards (appointed 6[th] February 2025) in the charity’s governing instrument. **Legal Status** Charitable Incorporated Organisation registered with the charity Commission in England and Wales, Number 1196928 **Governing Instrument** Charitable constitution dated 3[rd] December 2021 **Agents and Advisers** Bankers: CAF Bank 25 Kings Hill Avenue, Kings Hill West Malling, Kent ME19 4JQ Independent Examiner: Judith Summerfield FCA 5 Bowyers Close Copmanthorpe York YO23 3XW
2
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Independent Examiner’s Report to the Trustees of The Joseph Trust**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31[st] December 2024 which are set out on pages 8 to 15.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no 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.
Judith Summerfield, FCA Summerfield Accountancy Services ICAEW 5 Bowyers Close Copmanthorpe York
Date:22[nd] October 2025
3
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Trustees’ Annual Report**
## **Structure and reporting**
The charity is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission, whose governance is set out in its constitution dated 3[rd] December 2021.
The Trustees present their report and the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published in October 2019.
The previous unincorporated entity, The Joseph Project (trading as The Joseph Trust), registered charity 1112380, has not been operating but received various small donations which have been incorporated in these accounts as it is treated as a merged entity.
These accounts have been prepared in line with guidance from The Charities Statement of Recommended Practice (SORP) (FRS 102) section 27 on Charity Mergers, which is considered to apply in this situation where there has been a change in legal form, but the charity’s work, including its purposes and beneficiary class, remains unchanged. The assets, liabilities and funds are presented in these accounts as though they have always been part of the same restructured charity. The restricted funds have remained restricted and the carrying amounts of the assets and liabilities of the combining charities are not restated to fair value. The accounting policies are uniform with past years.
## **Governance and management**
Trustees are appointed by the existing members and annually reappointed. Five trustees served during the year and were joined by two further trustees in February 2025. Sadly John Brittlebank, a trustee since 2019, passed away on 11[th] August 2025. John was a source of great support, a man of faith and humour, who encouraged us and provided straight-forward advice in the many challenges we faced during his time as a trustee, and he will be greatly missed. At the date of this report there are five trustees and Mark Mills has replaced John Brittlebank as Treasurer.
The trustees met formally four times during the year and are closely involved in guiding the work of the charity, setting the overall strategy and direction and taking responsibility for the resources needed. They provide a range of skills which are drawn on to support and develop the charity.
There is a small staff team, led by the Manager who works closely with the Chair of Trustees and there is regular monitoring and scrutiny of the charity’s affairs.
4
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Trustees’ Annual Report (cont.)**
## **Objectives and activities**
The objectives of the charity are the advancement of education among young people, in particular those who are excluded from, or are at risk of exclusion from, mainstream education. We do this by providing a range of activities in a supportive environment for young people to learn and develop so that they can better engage with mainstream school. The activities are provided at Rossmoor Grange, a farm at Melbourne near York and the varied activities range from small animal care, horticulture, practical woodwork and basic cooking skills, to more adventurous activities exploring the outdoor environment. Underpinning this is our focus on the well-being of our young students and the development of emotional and social skills.
## **Review of the year - activities and performance**
2024 has been a year of steady development during which we have been able to increase our capacity and resources. The staff team are now a very experienced group who bring a range of skills which ensure we continue to provide a nurturing environment with a broad mix of activities. We have seen our student numbers increase from an average of 25 in 2023 to over 30 students each week and we are well regarded in our effectiveness by schools in York and beyond. During the year we began to work with a further 4 schools, bringing the total to 23 different schools from York and the surrounding area that we have supported over the past 4 years.
Our main activity continues to be the provision of support to young students who are struggling to engage with mainstream school. This can be due to a range of factors, including specific needs identified in an EHCP, such as ADHD and diagnosed autism, but also behavioural challenges due to anxiety, personal struggles with social development or perhaps a disrupted home life. Typically, we work with students for one or two terms, but it can be longer depending on their needs and their engagement with our activities. One of our strengths is the range of activities we offer, from workshop-based projects including creative nature based modelling or simple woodwork projects, to outdoor pursuits such as bushcraft skills, den-building and canoeing. Small animal care is always the starting point for our days and this helps develop a consistent routine, as well as providing time and space for students to settle. We have an experienced group of staff, supported by a small team of volunteers, who bring different strengths and skills to our service. In particular the activities are a means to encourage students to develop new skills, work alongside their peers, improve their social skills and build resilience. It is demanding but rewarding to see our students begin to flourish in the supportive and safe environment we provide. As one parent wrote recently, “You have given her the sense of belonging through your hard work and unconditional positive regard which has had such an impact on her self-confidence and regulation at home.”
We liaise closely with the schools who refer their young students to us, reporting daily on activities and progress. Schools visit with the student prior to referral and we ensure that our service is clearly understood and will meet the needs of the student during their time with us. Different days have slightly different emphases, shaped by the age profile and needs of those attending. One of the challenges is to ensure a new student will engage with an existing group and our experienced staff, making use of the different activities and the calm surroundings, ensure that we can offer a range of options to engage students positively throughout the day. In the past year we have added two pigmy goats to our menagerie, alongside the rabbits, guinea pigs, ducks and chickens that make up our small animal family. The woodland areas provide space and opportunity for building shelters, stringing up hammocks, cooking over campfires and creating obstacle courses. We continue to use the Warwick-Edinburgh Mental Well-being assessment tool as a measure of our impact on these young lives, and together with progress reports and attendance statistics these show the effectiveness of our programmes and the benefits of all the activities and therapeutic support we provide. It is a privilege to be able to work alongside these young people and have a positive impact on their lives and future opportunities.
5
_The Joseph Trust Accounts for the year ended 31 December 2024_
## _**Trustees’ Annual Report (cont.)**_
Of course, none of this could have been achieved without the team of staff and volunteers, who have been an amazingly creative, resilient and dedicated group of people, providing a patient, caring, supportive environment within which our students can flourish. We are grateful for their persistence and hard work in the face of many challenging situations, as well as the rewards of seeing lives changed for the better.
We are also very grateful to those who continue to support us, giving financial support, prayer support, their time and their interest. All of this is a real encouragement to us. In particular we have benefitted from the funding provided by The Belfrey church, through their Social Action Fund, which has been used to support additional staff costs as we worked to grow our capacity. This has been invaluable and worked out better than expected, as shown in our growth over this past year.
## **Financial Review**
We have managed to meet our financial targets this year, developing the service to the stage where by the end of the year our income from our services is able to cover all of our staff costs and make a significant contribution to other operating costs. Numbers of students and the number of schools with which we work have increased, and this takes additional staff time to manage, but our larger staff team have worked well to accomplish this successfully. The overall financial result this year was a deficit of £11,625 but this includes items of material expenditure totalling £15,995. After adjusting for funds provided last year and funds set aside for specific projects, our general reserve fell by £5,194 to £13,849. However, the underlying operating result was more positive than this and we are forecasting a surplus in 2025. We have also set aside a further £1,621 in cash towards our toilet and shower block upgrade. Overall we have assets of over £55,000 of which part is the land that we were able to purchase last year, and just over £20,000 was held in cash at the year end.
The reserves position is now clear of past liabilities and going in the right direction, although still short of our reserves policy target of £30,000. We hold nearly £4,500 in cash towards the acquisition and installation of upgraded toilets and showers. In 2025 and going forward we want to be in a position to invest further in our facilities and ensure that we are making full use of the site and the surroundings within which we operate. We continue to seek support from local benefactors, churches and individuals who share our commitment to the young people whose lives we seek to change for the better.
## **Plans for future periods**
We have been pleased to see the benefit of our investment in 2023 in an additional member of staff. This has increased our capacity and brought additional skills and experience to the team and we have been able to take additional students. This has helped to achieve a more stable financial situation and we no longer rely on donations and other financial support to meet the salary costs. We are very grateful to The Belfey’s Social Action Fund for their grant in 2023 towards this cost. Demand for our service has continued to grow and we are recruiting again for a further member of staff to join the team. We are now aiming to provide support to 8 or 9 young students each day, compared to only 4 or 5 some 3 years ago.
6
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Trustees’ Annual Report (cont.)**
We ran our first holiday club for the East Riding of Yorkshire in 2024 under their HAF programme (Holiday activities and food) for those in receipt of free school meals, but this has not continued due to the cost of providing this service. Instead we are developing holiday club days during the Easter and Summer holidays, in response to feedback from parents about the lack of provision during holiday periods, and we plan to develop these further in the coming year.
Our facilities have been in need of upgrading for some time, in particular the toilet block. We also want to provide shower facilities so that youth groups can camp on site over a weekend or in holiday periods, as well as supporting our own activities. We are delighted report that Portakabin has very generously donated three units which will meet this need, and we are very grateful for this amazing support. The site continues to evolve in response to our developing curriculum and in 2025 we made changes to the workshop to create a dedicated cooking space, an activity which our students readily engage with and an important life skill that we are able to offer.
There is still more to do, particularly as we want to offer as wide a range of activities as possible. The bike workshop is well used, with generous support from the Derwent Lions to refit this area. Two Go-Karts have been added to our equipment and the students are planning a Pump Track to test their skills. We still have ambitions to install a climbing wall, making more use of the space we have and the skills of our team which include a climbing instructor qualification.
## **Reserves Policy**
It is the policy of the charity to maintain a general, unrestricted cash reserve at a level which equates to three months unrestricted expenditure, equivalent to about £30,000. This would provide sufficient funds to cover operating costs, support costs and to respond to emergency needs. At the end of the year the general reserve stood at £19,844 and this provides sufficient confidence that we can continue to operate effectively and meet all foreseeable liabilities. The charity is now operating on a more secure operational basis where fees earned are covering the staff and other operating costs and together with other income are enabling us to increase the General reserve by a small amount each year.
## **Public Benefit**
In reviewing the overall aim and the objectives of the Charity, and in exercising their powers and duties, the Trustees have had due regard for the Charity Commission’s public benefit guidance. The activities of the Joseph Trust are carried out to further its charitable purpose for the public benefit as summarised in the section ‘Activities of the Charity’ (above).
Nick Lee Chair of Trustees Date: 10[th] October 2025
7
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Statement of financial activities**
for the period ended 31 December 2024
|||**2024**|**2024**|**2024**|2023|
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|Total|
|||**funds**|**funds**|||
|||**£**|**£**|**£**|£|
||_Note_|||||
|**Income**|_2_|||||
|Donations and legacies||**7,627**|**-**|**7,627**|14,406|
|Charitable activities||**98,232**|**-**|**98,232**|83,265|
|Other trading activities||**1,529**|**-**|**1,529**|1,099|
|Investments (bank interest)||**387**|**-**|**387**
|723
|
|**Total income**||**107,775**|**-**|**107,775**
|99,493
|
|**Expenditure**||||||
|Charitable activities|_3a_|**94,941**|**8,052**|**102,993**|87,665|
|Other trading activities|_3b_|**-**|**-**|**-**|-|
|Governance costs|_3c_|**412**|**-**|**412**|400|
|Separate items of material|_3d_|||||
|expenditure||**15,995**|**-**|**15,995**
|5,000|
|**Total expenditure**||**111,348**|**8,052**|**119,400**
|93,065|
|**Net income/ (expenditure)**||**(3,573)**|**(8,052)**|**(11,625)**|6,428|
|**Other recognised gains**||||||
|**/(losses)**||**-**
|**-**|**-**
|-|
|**Net movement in funds**||**(3,573)**|**(8,052)**|**(11,625)**|6,428|
|**Reconciliation of funds:**|_8-10_|||||
|Total funds brought forward||**39,043**|**28,052**
|**67,095**
|60,667|
|**Total funds carried forward**||**35,470**|**20,000**|**55,470**|67,095|
8
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Balance sheet**
## _at 31 December 2024_
|_Note_
**Fixed assets**
Tangible assets
_4_
**Current assets**
Debtors
_5_
Cash at bank
_6_
**Creditors: amounts falling due**
**within one year**
_7_
**Net current assets**
**Total assets less current liabilities**
**Funds**
Restricted
_8_
Designated
General reserve
_9_
_9_
**Total charity funds**|**2024**
**£**
**1,972**
**20,164**
**22,136**
**3,788**||**£**
**37,122**
**18,348**
**55,470**
**20,000**
**21,621**
**13,849**
**55,470**|2023
£
10,100
26,427
36,526
6,553
|£
37,122
29,973
67,095
28,052
20,000
19,043
67,095|
|---|---|---|---|---|---|
|||||||
|||||||
These accounts were approved by the trustees on 10[th] October 2025 and signed on their behalf by
Nicholas Lee Trustee Mark Mills Trustee
9
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Notes**
_(forming part of the accounts)_
## **1 Accounting policies**
## _General information and basis of preparation_
The Joseph Trust is a charitable incorporated organisation registered in England & Wales. The address of the registered office is given in the charity information on page 3 of these financial statements. The nature of the charity’s operations and principal activities are included in the Trustees Report.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance 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 (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## _Going concern_
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
## _Incoming Resources_
These are included in the Statement of Financial Activities (SOFA) when:
- the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
- the monetary value can be measured with sufficient reliability
## _Volunteer Help_
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
## _Expenditure and Liabilities_
Expenditure is included in the SOFA on an accruals basis. Resources expended are recognised in the period in which they are incurred
10
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Notes** _**(continued)**_
## _Funds accounting_
Restricted Funds are used in accordance with the specific instructions of the donors. Expenditure relating to the use of Restricted Funding has been identified and allocated separately in the accounts, apportioned where necessary in line with the budget agreed for the particular purpose and the ratio of restricted funding provided towards this budget.
Unrestricted Funds comprise those funds which the Trustees are free to use in accordance with the charitable objects. Within these funds the Trustees have designated certain donations and fundraising activities towards a specific purpose and these are separated from the General Reserves.
## _Fixed Assets_
These are capitalised if they can be used for one year or more and have a value in excess of £500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## _Depreciation Expenses_
Depreciation is calculated at a rate to write off the cost of tangible fixed assets on the following basis over their estimated useful lives. No depreciation is calculated for the value of land purchased, which is stated at cost including related fees:
Land 0% Plant and Machinery 50% per annum straight line Motor Vehicles 100% per annum straight line Computer equipment over 3 years
## _Debtors and creditors receivable / payable within one year_
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## _Cash and cash equivalents_
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _Pensions_
The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
## **2 Income**
Donations are from regular supporters and occasional one-off gifts. In particular a small number of churches and individuals in York continue to support our work.
Charitable activity funding is from the provision of services to City of York schools who have made increasing use of our services through the year, with average income increasing from £24,000 per term in 2023 to over £31,000 per term in 2024. This demonstrates the value of our services and the extent to which schools in York are making use of our unique mix of activities and therapeutic support.
Trading income relates to minor income generated from use of the site and sales of surplus items owned by the charity.
11
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Notes** _**(continued)**_
## **3a Charitable activities**
|**Charitable activities**|||
|---|---|---|
|Wage costs (note 12)
Other staff & volunteer costs
Training
Rent and rates
Light and heat
Maintenance
Activities costs
Animal feed and care
Office costs (phone, internet)
Insurance
Payroll
Fundraising
Bank charges & other costs
Interest paid|**2024**
**Unrestricted**
**2024**
**Restricted**
**2024**
**Total**
80,685
8,052
88,737
578
-
578
863
-
863
110
-
110
2,425
-
2,425
245
-
245
3,139
-
3,139
2,028
-
2,028
544
-
544
3,023
-
3,023
633
-
633
450
-
450
205
-
205
13
-
13
94,941
8,052
102,993|2023
Total
74,548
1,030
1,153
2,047
1,520
414
2,222
-
604
3,397
630
414
100
-
87,665|
||||
## **3b Other trading activities**
There were no additional costs associated with the minor income generated during the year (2023 nil).
## **3c Governance Costs**
Independent Examiner’s fee 412 - 412 400
## **3d Separate items of material expenditure**
In 2021 loans totalling £15,000 were given to The Joseph Project with no guarantee of repayment. These were accounted for as separate items of material income and taken into reserves to be used as necessary. The agreement with the lenders was to repay within three years as and when the charity reached a level of income that afforded repayment. In 2024 the Trustees agreed to repay a second tranche of £5,000 to one lender, Nicholas Lee, who was also a Trustee and a further £5,000 to an independent supporter. All loans have now been repaid in full.
Also in January 2021, The Joseph Project contracted for fundraising support, specifically bid writing and targeted applications to charitable foundations and grant funders. This service has provided applications over the past 4 years, concluding with a request to the National Lottery Community Fund in October 2024, which was not successful. This support has now ended and the full cost of £5,995 is charged to the 2024 accounts.
12
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Notes** _**(continued)**_
## **4 Fixed Assets**
|**5**
**Debtors**
Trade debtors
Other debtors
Prepayments
**6**
**Cash at bank and in hand**
CAF deposit accounts
Current accounts
Petty cash
**7**
**Liabilities: Amounts falling due within one year**
HMRC
Pensions
Other creditors
Accruals
**Land &**
**Buildings**
**Plant &**
**Machinery**
**£**
**£**
**_Cost_**
At beginning of year
Additions
37,122
-
2,574
-
Disposals
-
-
At end of year
37,122
2,574
**_Depreciation_**
At beginning of year
-
2,574
Charge for year
Eliminated on disposals
-
-
-
-
At end of year
-
2,574
**_Net book value_**
At 31 December 2023
37,122
-
**At 31 December 2024**
**37,122**
**-**|**2024**
**£**
**1,610**
**-**
**362**
**1,972**
**16,293**
**3,625**
**246**
**20,164**
**2,736**
**330**
**310**
**412**
**3,788**
**Computer**
**Equipment**
**£**
248
-
-
248
248
-
-
248
-
**-**|2023
£
2,670
935
6,495
10,100
18,451
7,787
188
26,426
2,768
-
885
2,900
6,553
**Total**
**£**
39,944
-
-
39,944
2,822
-
-
39,944
37,122
**37,122**|
|---|---|---|
13
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Notes** _**(continued)**_
## **8 Restricted funds**
|||Balance at||Income|Expenditure
Transfers|Expenditure
Transfers|Expenditure
Transfers|Expenditure
Transfers|**Balance at**|
|---|---|---|---|---|---|---|---|---|---|
|||beginning of|||||||**end of**|
|||year|||||||**year**|
|||£||£|||£|£|**£**|
||Donation for land purchase|20,000||-|||-|-|**20,000**|
||Grants for specific purposes|8,052||-|||8,052|-|**-**|
||Total|28,052||-|||8,052|-|**20,000**|
|**9**|**Unrestricted funds**|||||||||
|||Balance at||Income|Expenditure|||Transfer|**Balance at**|
|||beginning of||||||between|**end of**|
|||year||||||reserves|**year**|
||||£|£|||£|£|**£**|
||General purpose reserve|19,043||105,704||110,898||-|**13,849**|
||Designated reserve|20,000||2,071|||450|-|**21,621**|
||Total|39,043||107,775||111,348||-|**35,470**|
||The General purpose reserve|is made up of the balance of general reserves transferred from the||||||||
||unincorporated charity, plus the operating||surpluses/(deficits) in 2023 and|||||2024. The|Designated|
||reserve comprises funds remaining after the||land purchase in 2023, plus the net proceeds||||||of the York|
||Rotary Club Dragon Boat race which was entered in 2024. The Designated Fund is allocated for the|||||||||
||future cost of replacing the toilet block and installing a shower block.|||||||||
|**10**|**Analysis of net assets between funds**|||||||||
|||||Tangible||Net current|||**Total**|
|||||fixed assets|||assets|||
||||||£||£||**£**|
||**Restricted funds**|||||||||
||Land purchase|||20,000|||-||**20,000**|
||**Unrestricted funds**|||||||||
||General Purpose reserve||||-||13,849||**13,849**|
||Designated reserve|||17,122|||4,499||**21,621**|
|||||37,122|||18,348||**55,470**|
14
_The Joseph Trust Accounts for the year ended 31 December 2024_
## **Notes** _**(continued)**_
## **11 Trustees and other related parties**
The trustees support the charity with their particular skills and time. In addition, trustees have made donations of £250 in the year (2023 £1,580) and one trustee purchased items surplus to requirements for £75. Reimbursement of expenses incurred for the charitable activity of the organisation of £1,392 was paid to two trustees (2023 - £296). As noted in previous accounts for The Joseph Project (1112380), there was a loan from one trustee, Nicholas Lee, in 2021 totalling £10,000 to enable the charity to continue operating. The trustees, excluding the trustee concerned, approved the repayment of the remainder of this in 2024 from the improved operating income, and this is shown as a separate item of material expenditure.
|**12**
**Staff costs and numbers**
Gross Wages & Salaries
Social Security Costs
Pension Contributions|**2024**
**£**
**83,713**
**838**
**4,186**
**88,737**|2023
£
69,765
1,356
3,427
74,548|
|---|---|---|
The number of employees (full-time and part-time) who were engaged in each of the following activities were as follows:
Activities in furtherance of organisation's objects 4 4
All employed members of staff are paid through PAYE systems. No employees received emoluments in excess of £60,000 (2023: None).
15