Ch¥rFty reglstratlon nUmr 1202928 (Engl•nd ond Wales) Compony reglstralion numbar 13944207 THE JOBS FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE JOBS FOUNDATION LEGAL AND ADMINISTRATNE INFORMATION TruBt•e8 N A Baxter S Boyd N A G8mester V Hewson C AJolly AA Rankin Frost M G C Wgbster AHlurn (Appointed 9 July 2024) IAppoSnted 10 D8c8mber 20241 S•crntary GEBri81 S•ni¢r manag•m•nt G E 8ristd M Elliott Chi&f Execubve Off¢er President Charlty nUrnr 1202928 Company number 13944207 R•glBtered offic• 33 Cannon Str881 Clty of London EC4M 5SB Ind•p•nd•nt oxamin•r Rogers Spw¢er Newstead House Pelham Road Notbngh8m NG5 1AP 8ank•r8 Barclay8 Bank UK PIC 1 Churchill Plac8 London E14 5HP
THE JOBS FOUNDATION CONTENTS Pag• Tru8te68' report Independent ¢xamingrf8 rep Statemènt of financiel actiVIe$ Balonce shaet 10 Not88 to the financia 8tatemènts 12-18
THE JOBS FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The ITUStee8 present thelr annual report and fln8nolal statements for the year &nd8d 31 December 2024. The flnanrial ststémènts have b88n pr8pgred In cOrdanCe vmih the accounting pollcles set out in t)0ts 1 to the ffin8ncial statements and comply with the charlty's govemlng document, the Compani85 Act 2006 and "AccounliNJ and ReFX)rting by Charibes.. Statement of Recommend8(I Practice applicablo to charilies preparing their accounts In accordance with the Fin8ncial ReporbrrfJ Stsndard applicable in the UK arKI Republic of Ifeland {FRS 1021. loff8dve 1 Jgnuary 20191. Obl•ctlv•s and 4¢tlvltl•s The Jobs Foundatlon is a charfty Ihat offeTS practical assi8tance to busine8888 as they move peop from poverty Inio prosperity lhUgh ethic81 employment PTadces. We see bu8ln8sses and the lobs and training thèy offer as an effective tool for a118vlating poverty 8nd unefflploymgnt. Our charltable objects, embedded In our Memordndum ofA8$odatbn, arg as folbws.. To prevent and r&llève poverty8fKI lve unemploymenl by.. (a) educating arnl tralnlng employers on etlwGal r8iwitmenl and Irwntng practices (by dgvolowng and ov8rseeNng the delivery 0ftaild Iraffrnry prc*Jrammes) th the aim of imwovlng enwloymenl 8ttainm8nt," sodal moblllty and long4grm sustanable 8mploymenl,' (bj encour89ing and fostering gtl)kal reuuilnwnl and traintng practiC8S 8mory61 member <ryani$atlons (b&lng employers that mItted to adopting ethlcal rewllmgnt and training practices). To 8dv8nce the education of the public in $ubjè¢l$ rglaling to gthical r8cruilmgnt and lrnining pr8CtAces and to promote study and researoh such subj8cls pmiryded that the u88ful results ol such study are dl$somlnated to the public at larye." and (CJ Oth8rpUo8es 8$ excluslv8ty charlteble. Publlc benefft The Irust888 have pgld due regard to guldance i8suad by the Charfty Comml88k)n in d8cidirYJ what adthos the Gharlty should undèrtake.
THE JOBS FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢hl•vgmonts Ind Porforman¢e In 2024 Thls year mafked tha hjffilment and concluston of the Jobs Foundglon's Phase 2 Strot8gy Plan. saeing the charfty Lwild both our Busine88 Council to 1,000 bu8ines8 leaders. and demon3trating the Ilnk befven business, job$ and poverty allevlalm. In thi8 period, w8 h8vtr focused on buildiNJ a scalab, impact(ul charity - dellvering inslghts. molIs11¥j busin8s888 to support d18advantsged wrAe Snto sustsinatle empltyment. and looking at the policy condltlons required ts budnassgs and Job creatlon to thrive. 1. Bu$In• Councll Growth The Job8 Foundatlon's Business Council has grown to over 1.lJ)O memberB, bringing t(vJether a diver88 and engaged community of busine88 leaders acro88 every UK reglon. size, and sector k88n to support individuals in lèssness and pov8rty into 8UStainabl• aM0Yrnent. Coundl mombors have Ive. Contributed b8St practi¢e ca8e studl88 to our monthly newBletter8 and r888arch oulixil P8rtidpated kn reglonal rDundtables, natbnal 8vonls and onllng webinars Engoggd In p8er-lo-p6w nerkIr@ 8ntl be8t practise kno4%qedg8 $h8fing CdlAbor8led on thOht18ad0r$h1p around ernpbymenl and trdlning Our events calendar in 2024 includ8d meeting$ in London, Bglfa61. Boumernouth. MBnch881er. Hatyewl and NvKastb, alongside iYTrdustyry8pecffic rJndIatA6S M apprentlceshlps, Al and dpJitsl Inclusion and re8115ence in the wrykplacg. 2. FoundallOn8lRese•h.' 7k¥o Mllllon Jobs In 21r24. the Jobs Foundation publishèd Two Million Jobs.. HLW Buslrwses Play a Cruual Role In Helping Pec)18 from Walfgr8 Inlo W, our first major research publicalion and a unique report on weffare to work best pracdse. The r8port provided an in4leplh explor8tion of how busingssgs across the UK are lifts.ng indivldual$ and communlil88 Out of povety by CtIJ jobs and offatlng mg8ningfvl tralnlng. 11 is both 8 call to adon and ¢elebr81ion of Ihe bIngs9¢S who aro an Inspiration lo other busSn8S8es to help more p8opl8 Into work. Two Mimion Jobs. wrltten by our Re80ar¢h Dlwtor, Nick Tyron8. dr8ws on more than 100 in4dgplh InewS wrfh employers. entrepreneurs. apprentices. and communlty le8d8rs across fryjr key locations.. Sheffield (a ¢tyl, Loughbor0h la town). Hartkpool18 ¢r)85ts1 communtyl, and Pgmbrokeshlrg la Nral county). Those case studle8. chosgn to rpllect a broad range of ¢omTnunities across the UK, look at the Intsgral role that buneSseS play In taklng people out of Foverty and unemploymant into work. The report breaks down into the followir@ ch8Pt8 A. Sheffi8ld.' Forglng Steel and Embra¢lng Tgch This chapter examines the clty's industrial pa8t and its evomng fijlurts, with stories from firms like Evc41rtion Powor Tool8 and Shèffiold Precr6ion M8dlcal. These companSe$ demLMstratè how manufacturSng. p81red mc tachnology and a focus on training. Is h8lping peopl6 movo from multi-genaratitsnal WOrkJe$$s8 Into lorvJ-temi amployment. Thls chaplgr also features the Ascend F*tyJTamme. a chartty whl¢h support8 young pgoplg from dlsadvantaged backgrounds wilh employablllty $ki118. of the companies fBatUTad In the Sheffi8l¢Y chapter exempllfy how CCMnNY initlatlves and buslne&s Can partn8rto tsckle entrenched povety.
THE JOBS FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 B. LoughboroLvJh.. Looklng lo the Futur8 Situatsd In the ffiddle of Eroland. both geographl¢ally and 8conomically, Louyhborough offers insuqht Ir a town bolancing large employer8 (likè the Access Group, who are fè8tured) wlth vibrant SMES and univgrslty spinouts. The Loughborough Univer8tty Sci8nce and Enterprfse Park fealuTrs prominentty. as f( hwses entrepreneurs Ilk8 Kale Allan of ExpHand and the Everydesign tèam. These businesses hlghllght how Institutions can incubate Innovation and how appreniice8hips.ll streamllned, could be bettgr lèvewed by SMES. The ch8pler also examines how the interconnertivity of Inslikntions can be vital to economy stsbity and grovrth. C. HarUep(K)I'. Th8 Coalf8c8 of Change This chapter contextualls8d Harll6pool wh1n the broader chall0rS of coastal communllies. Organisatlons like Orangebox Trainlng Soluticffls and tho Hartlepool Furthèr Education College were spotllghted for thelr 8ffrJrts to break cyde of unémployment in thé Brea. Storf&8 Include 8lud8nts tralnlng on decommissioned military heli¢optern- an emblem of the town's ambilion to provide gdvanc•d techni¢•l skills Io Te¥ldènts. D. Pembrokeshire.. The Cutting Edge of Britsln The wral chapter of tha report focused on eeonomic relnventlon-P8rtkularfy the Intersecllon of energy, agriculiuro, 8nd toufi%m. The report profiled Pembrokeshire College, Valero'5 reffinéry oparations, and the revitalisatlon of the vlllag8 of L8wrenny by lo¢al gntrepreneurs. It also underscored challenge8 ¥uth as pwr InfrastruUle and limltgd access to capital, calling for tsilored policy lo unlock rural economlc potential. from the R The IntsN8ws and ca88 8tudle$ played on ¢on$istent national theme8, desplle each area'8 distinct challenges. The report Idtified slx prK)riti8s that must be addssed rf Brftaln 1$ to me81 its ambltlon of getting mlllknn peop18 off welfare and into work: Transport Infrastructure Is Holdlng Back Growth - Inadequate transport was the most common complainL particularfy In rural and coastal are83. BUness9$ stressed that wllhout reliable public transport, 3¢X888 to jobs and training Is saverely limited. 2. Bettoi Allgnment B8tween Buslnesses, Government, and Institutions - Where coll8ges, local euthoiibes, and gmployers collaLM)rata, employm9nl outcome8 ImpTOV8. The rewrt argues for stronger local ecosystems where ski118 tralnlng aln5 wmh amployer n8ed$. 3. Probationary HlriThJ Must 88 PrOld - Bv5inesses expr8s88d concem that removlThJ the abllity 10 19* new hires during a probation perfod would reduce rfsk-tsg, 8sp8dalty wh8n hlring those with non- traditional Cvs or barrfers to work. 4. Apprenllceship Roform Is Overdu8 - All busines888, particularfy SME$. found the apprgnttsshlp 8y8l¥m Ovgrly complèx. Thè port calls for str80ffl1ined pn)cosses a1 bgtt8r incentives to expand qual apwrenlceship opportun9$. S. Green Targ8ts Must Be Stoble and Invostable - Bu81n688&8 wont to 8UPPOrt rt zero goals but ffind the policy envlronm8nt loo volafjle. The report urge$ Clear, long-tsrm tsrgets th8t catalyse private Investment. Jch a8 tha gxamplo of Teesworks In Redcar. 6. Access to Homegrown CapS181 1$ Weak - Many entrepren$urs rgported difficulty accessing Brltish Investment. Several had to go abroad, partlcularly to the US, for startup fundlng. The report highlights th1$ as a ltural and slru¢tur31 gap that must be bridged.
THE JOBS FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT> (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
A Human Fae8 on Economic Chan
Two Mllknn Jobswas I1 lust a policy pOrt. bui It was a portralt of Brfl8ln In 224. Every ch8ptsr paired
macroeconomlc anaty$l8 wlth deeply pèrsonal stories: Reec8, who went from Imng In hls car to 18adlng
Constr(tIOn crèw in Sheffleld,. Lauren, who credits the Ascend Programm8 for her carear in w8nt8,' Aneesa, who
mov8d from t8chni¢al colege to faCtory00r apprenOcoshSp in pwsion Ineerij.
These are storfes of dignity rgslored. 8mbthon reawakened, and communlues r8built- not by 9)vemnnt alone. but
by budn88sas dèt8miined to mak8 a difference.
A Platfom forAdv
and Actson
The h88 become a com8rstona of our pollcy ¢ommuntslion8 Strategy hoaillng into 2025. It wa8
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THE JOBS FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal rfsk manag¢m•nt The trustees reccgnlse that effective managenwnt of financial risk is essenyol lo the su51ainabilty of th8 charity- At pr8sent. the charity does not operate 8 fomal risk r8gisler or stnjctured risk review proce88, but the tnjslees COndern81l ri$k$ at each meeting a8 part of thelr overskJhl responslblllugs. Th& most slgnffic8nl financial risk identffied ty the trustees r8latss to Incomg nernOn. Th8 charity is rèliant on a range of fundlng streams. ar any reduction in these Sources could affe¢t the ¢harity's abilty to delwer its obj8cbvg5. To mitKJate this, the thjsteès are focused on.. mmitoring Income and expenditure closely to ensure earty klentlfication of Shra118. malntslnlng a prudent levd of re8erve$ to provide a flnancial buff8r. seeking opportunitigs to dfversty incorne Strèams where po3wblo. Whole the cJ)arttys finarla1 risk managgmert proce&8es fomaln proportionate to 118 siz?, th• tru8t••s are committed to strengthening Ihesg arTangemenl6 ovèr m•. induding considèring the introdu¢tlon of a d8k register Bnd a more fornial review process. Looklng ahead, the Irustèa# have identif*d sever81 extemal factor8 that could infiuence the charity'6 financial perfomBnce: Funding Environment.. Ongolng inflationary pressure$ and cost of livty ¢h•lltngès could impact donors. abillty to gfve. Incorn? Gonttration Capacity.. A dedine in donations could $the1 the charity's ability to 8UStaln118 current level of 8¢Uvlty. Dlversifying incom& rem8lns a key StraI1C priority. Rlsing Operation81 Costs.. IrKr8ased costs $uch as utilitses and payroll may place pressure on eXIsNd budgèts and reserves. Regulatory or Policy Changes.. Any changes to charity rggulauon or law could impaci 0rational or ffinancial plannlng. The trustees wll continue to monllor these fadors •YJ adapt the chprty's plans and finla1 management a¢cordIng to help ensurè ra11&ne@ and lonfftrm sustainablllty.
THE JOBS FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Looklng Amad to Phas¢ 3 •nd 2025 With the suceessftd rgcwuiiment of ov8r 1.000 bu81rS badeTS Snto our Bu61ne88 c(nCIl, the Job8 Foundatlon 18 now fijlty f0CL8 on Pha88 3.. ExecullThJ ow mlssion on a nOnal scale. Phas• 3 12025 ¢mv4rds) maths thè shift from bulldSng our pwom lo aclfvely dgllweriNJ impaot. both through shaping publ policy and empowerfng bu81nesse8 wlth practlcal tools to drive induslve 6mploym8nt. 1. Practlcal Work: Supportlng Bu#lne8se8 to Do Ev•n klor• Our locus in 2025 is to lay the foundalions for a major new InlUatSve- th& Jobs Foundatlon Ac¢rodltatlon Schemo set to roll (yJt in 2026. This ScMe will recogniBe and celebrnte businesses that e¥empJify outstandlrvJ re¢ruMment, lrnining, and upsklllln9 pr8ctr(xs, fccuBlng on indlvlduals frorn dlsadvanlaggd backgrounds into long- tem employment. In preparat for Ihelounch, wo wll-. Publlsh 8 newLadders of Opp(¥tunily reportln AUlUrr 2025, 8howc881ng examplary mode18 of employment4ed 8la1 motilty from 8er0s8 UK. . C(mvene a Stserfng COMM of experl8nced busfine88 and clvH 8odèty leadern to guide dèsign of ihe Ac¢ffjdltatKJn Scheme. Worf( dosely th our 8u8in888 Councll and natlonal bUn8 nerkS to en8ure vJid• adOPOn and imm. 2. Pollcy Work. Chompl¢nlng PrfyJob6 R•fomM% On8 of tha Govtmmttnvs core aMbon9 Is to in¢rea3e the UK employment r81e lo 80°A, bringing million more people into the workforce. The Jobs Foundauon - and our Businèss Councll- strongty suptx)rt8 this goal. However. empbyer3 have highlighted their cone•m8 Ihal the wider pollcy 8nvironment {5uch as hioher Employer'8 National Insurance Conlribulons and the Employmènt Righls Bllll 11 make tt mor8 difficult for them to help pee from weltsre Into wort. In 2025, we wlll hlghlwJht the Concer6, so pojky makws are aware of their polwual Imm the 8mbiticffi to gèt more people Into work. ThrOh media erg898mènt, consultation respMses, events, and divecl dialo9 wtth policymakers, we will advocate for r8forns that unlèash the power of enterprise lo'Get Britoin Working. again. 3. Dmponlng L¢cal Egagem9nt. Roglonal Councll8 At the heart of our model is the Jobs Foundalion Businass C(yJncil, over 1,(KX) members sirong. In 2025, we will dggpen reach and Impact Ihrcwgh the creBtbn of thr•• new Reg5onal Councll8. These 10¢81 forums VAII promde a direct channel belween frontline busin88sÈs and our nalional strategy. ensuring that our w<xk reflects the reallues, Innovth'ons, and challgrvJ88 faced by fim18 In every part of the UK. We b81kn that I(1 buslnossa8 arè not just am0Yers, they are plllars of trust and character In their communll88. By gmpowering them wilh the tods. netsvorks. and recognition they deserve, we can drive real 8(Kial change from the ground up and ensure tyJrAccredSlation s&rne reflts tha n88d$ and concem$ of bcal communlOe8. Ctyidu•lon 2024 was a dofinlng year for the Jobs Foundallon. With our foundational research pubshed. our Business Counul IhrNMig, and pollcy 8ryagemenl underway. we are now well-positioned to fvlfll OUT mlsskjn: tlplng bu81ne88e8 move people from povoty Into prosperlty throwJh the dignity ofwork. Th8 tru8te88 w18h to thank cmjr stsff team. supporter8, partners. and BusSnos8 Cwncll nmbws ftr thglr bellef in our work and for helping buihj a Thbjvgrnonl that ch8mplons bu8lness BS a force for good.
THE JOBS FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structur0* go¥•man¢• and m•nag•mgnt The Jobs Foundathon is a charitable company limlted by guarantsg. The Foundation wa$ 9ranted Charitab stslus in May 2023 and fomially launched In S8plembgr 2023. It was set up under a Mernorandum of Assouation which sets out its objects and poww8 and is govern1 under Its Articles of AssoclaUon Ilncorporated In February 2022). It 18 a registerad ¢harlty 1202928 as w911 os a Privats Limltsd Company by guarantee {139442071. The tDJStees, who are 8180 the directors for the purp08e of company law, arKI who s8Ned during thè year and up lo the dote ol signature of tho financlal stsl8m8nts were- Lady S AnStwthgrough-CaIthOT N A BBxter S Boyd D S A Chakravaty N AGam&$19r V Hgwson CAJdly AA Rankin Frt)$t M G C Webster A H Allum {Roslgned 10 Septamber 20241 {Re8ign&d 10 Do¢ember 20241 (Appointed g July 20241 (Appointed 10 December 2024) R•crultment and aPWntm•nt of tru•tees As set out in the Artides DfAs80Ciation. trustees are apwlnted for Ihree-year torms of office 8rKI may onty seNe for three fvll terms {nin8 y88rs in totall. All new Tnjstees are onboarded suffid8nty and rgmlnded of their respon5ibiliti85= thelr legal oNigaYons under charity and company law, the Charity Commission guida¢ on publSc benefit, aThJ the contenl of the Mwnorandum and Arbdes of Assodation, AII tru8t8es glve thelr Ilme voluntsrfly and recelve no ban&fits from the th8rity. Th$ Job$ Foundatlon has built a strong board of trustees vllh a range of skills to 8UPPOrt the charity'$ missl¢)n. combining l•gal. charilable, pollcy and tr4JBin&ss eXorr. All our truslegs arè dadicated lo supporting Jobs Foundation's wortt In supportlng people move from poverty artd unemploymenl Into work. supported wrth greal trdining, through iheir combinad knovAec>Je, tslont, and dedication to tho work of the organlsauon. Board Ma1ngS ocrfi>urt1meS a year. Ex•cutlve team Thg Jobs Foundalon 18 m8nag8d by Georuièna Bristol {Cnlef Execulvel and M8tthew Elllott IPre61dantl. who arg )inly responsible for all aspects of Ils affair8 and are responsiNe for a¢hlovlng Ils go815. Details tsf st8ff remuneration al lated paty tr8nwtlons are di9do8ed wlthln the ac¢ounts. The pay of the senior staff 15 revi8w8d annually and rK)malty in¢rea8ed In accordance with aver8ge 8amlngs. In view of the natur8 of the charity, the dlrectors b8nchmart 8galnst pay levels in othgr charities of a similar size. The trustees, report was approved by thè Board of Trustees. N A Gam&stgr Tru8t• ..29th September 2025...........................
THE JOBS FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JOBS FOUNDATION I report to the tnjstees on my 8xamin8tion of the flnand81 statements of The Jobs Foundauon (tho charity) for tha year endad 31 Dmber 2024. Rospon•lbllltlo8 and ba818 of report As the INstee8 of th& charfty land altso its direct8 for the wrposes of company law), you are rosponsible for the prppar8tion of the flnanclal statements In a(£ordance vAlh the rgqulrements ofthe Companl8s Act 2006. HaVJ satlsfied myself thBt the ffinanclal 8ts1ements of the ¢harlty are not raquir8d to be aLJW un(lsr Part 16 of thé Companias Act 2006 and are ellglble for Indfrpfrndent 8X8mination, I raport In respect of my ex8mination ol thè chartys finandal statentS carried out under s&¢tlon 145 of the Charrfitr$ Act 2011. In carying oul my examination I h8v& fdlowed the Dlrecllons given by the Charity Corrimlsslon under section 14515Xbl of th8 Charitie8 Act 2011. Ind•pendent examlnerf¥ 8t•t•m•nt Sln¢6 the charitys gross income ex¢eede<l £250,000, the independgnl examiner must b8 8 rnember of o tody listed In section 145 of the Charltie$ Act 2011. 1 confllln that l am qualtfig(I to undertake the examination because l am member ofthe Institute of Chart•r8d A¢¢wnlanls in England and Wales, which Is ong of the Ilstsd bodlÈ8. I hava comtknd my exaThMnallon. I nI77 that no matters havg ¢c4ne to my 8ttentlon In conn8ction the examlnatlon giving me cause to believe that In any material respect accountirg records re not kept in respect of the (l)arity as Tequlred by $OLOn 386 of the Companles Act 20Ch8. the financlal statement8 do not accord wrth those records,. or the financlal stslements do not comply Ylth tho accountiNJ rèquTrments of sedon 396 of the Companies Act 2(K)6 other than any requirgmtrnt th81 th8 flnandal statemènts glve a true and fair view, which is not 8 matter conBidered as part of an Indèpènd8nt examinatlon,. or the fin8ncS8l stat8m&nts have not been prepared In accordance wlth the melhods and prfndples of the Slal8ment of Recommended Practice fDr accounting And reporting by charitse8 appllcable to tharttle$ preparing thalr ffinanoal Statements in aco)rdarbCe Wth the FinanrAal Reportlng stslaTd appficable in the UK and Republic of Irdand IFRS 1021. I hava no C(M$ and have coma across no other matters In connection wrfh th8 exAmlnotlon lo which attenllon 8hould b8 drawn tn this report in order to 6nable a proper understondiry of the financial statornents to b? reached. Llsa Johnst(n FCA for and on behaw of Roggrs Spenr Newslead House Pelham Road Noilingham NG5 1AP q.10g12025
THE JOBS FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 UnTtrICted Unrestrlcted fvnds funds 2024 2023 Incom• from: Dcfflations and legèues 648,870 477,842 Total Incom• 648,870 477.842 Expondltur• on: Charltsble actiMtig8 634.546 489,161 Total •xpondllur• 634,546 489,161 N•1 ineom&1lexnd1¢ur•) and movemant In fvndty 14,324 111.3191 RxoncSllation of funds: Fund balances at 1 January 2024 8.658 19.977 Fund bal•n¢e8 at 31 D0Mbr 2024 22,982 8,658 The statement of ffinanolal actIvit6 Includ8$ all galns and losses reccgnlsed in the year. All income and exp8ndlture dertve from continuing activlUgS.
THE JOBS FOUNDATION BALANCE SHEET ASAT31 DECEMBER 2024 2024 2023 Fix•d a8•0ts TangIb assets 2.430 Curront aBBets Debtors Cash ot bank 8nd In hand 10 28.250 18.201 36.743 38,723 46,451 Creditern: amourts hlllng due wlthlft on• yoar 11 118.171) 138.283} N•t ¢urront amets 20.552 8.168 Tetal Iv• ¢urrnnt liabillti 22,982 Th• funds of ¢harfty Unrestrfcted fijnds 13 22,982 8.658 22,982 The company Is entitled to Ihe exQMpfj( from tha audli requlrement contalned In sedlon 4T7 of tho Companies Act 2006. for the year ended 31 Decemb8r 2024. Th8 dire¢lc*s ackno8ge their responslbilitigs for cOmplng th8 r8qulrem8nt8 of th8 Companles Act 2006 wlth respect to nting re¢ord8 and th& prèp8r8tlon of financial slatemgnts. The memivs have not required the ¢ompany to obtaln an aLwJit of ils financial thments for the y88r In question In accordancg with secllon 476. Th880 ffinanci81 statements have been pr8par8d in accud8nce tho provl$i¢)n8 appll¢oble to compBnleB 8ubl& lo ts small cornpan19s rogime. The Ilnancial &alements were approved by the Iwstees on ...29th S•ptamb•r 2025...................... N A Gamester Tru8t•• Company reglstrnlon numb8r 13944207 IEwland and Wal881 -10-
THE JOBS FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Ca$h flows from opgr¥ting actlviti•$ Cash generatgd fromllabsortd by) opgrations 16 21.458 112,662} Inv•sllng actlvftl• Purchase of tangible fixed a858ts 12.916} ¢a•h used In Investlng actlvStlo 12,9161 Net cash pn•r4tsd from finandng 8ctlvltle$ N•t Incr•as•lld•¢rna8el In ¢a•h and cash •qulvalents 18,542 112.662) Cash and cash equNalents at beglnning of year 18.201 Cash and cash equival•nts at end of year 36,743 18,201 11
THE JOBS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢counting pollcles Charlty Inforniallon The Job8 Foundation is a chadty, Ilmlted by guarantee In England & Wales. that offers pracU¢al assistance to t$18eS as Y nTh)v8 P80ple from povgrty Into prosperity through ethlcal employment prgctlces. We s88k to ensure 8rltBln 18 o place wher8 businesses can flourish so they are an offective tool for allevlaung poverty and un8mploymenL Tho reglred offlc8 18 33 cnOn Street, city of London. EC4M 5SB, On 3 May 2023, The Job$ Found8fjon wa8 granted charllablo status. 1.1 Accountlng conv•ntion The financial statements havo been prepared In ac£ordance wth the chorftys governing document. th Companies Act 2006, FRS 102 The Financial Reportlng Standard applicèL4e in the UK and Republic of Ireland" I'FRS 102'18nd the Chariiies SORP 'AUntIng and Reporting by charits.. Statement ol omrnendgd Practkè applicable to Charltles prepari their accounts In acrdanCe wlth the Fin8w81 Reportlng StBndard applicable in th6 UK 8tMI Republic of Ireland IFRS 1021. {effectiv8 1 January 2019). The chadty Is a Public Bengfft Entlty as deflnod by FRS 102. Th8 chartty ha8 taken advantag8 of the provosions in the SORP for dwrities not to prepare a Statsment of Cash Flows. The fjnandal statemènts 8rn prepared in 6teding. whk* Is the fvnctional currBncy of tha charity. Monetary amounts in lhasa financial statements are rounded lo the nearest £. The financi818lai8m8nts have been prepared undar the historfi¥l cost corwenti¢)n. Th8 princlpal accounting lidès Adopted are set out b810w. 1.2 Golng conc•rn Al Ihe time of approving the flnancial ststements. truBtees h8ve a reanabl8 8xperAation that Ihe charlty has adequate reSOUTces to continug in operatlonal existence for the foreseeable future. Thus the trustee$ corttinue lo adopt Ihe golro concem ba&s of accountlng In preparing the financial 8ts1emenls. 1.3 Ch•rltsble funds Unrestrictèd funds are avallable fr)r uso al the dIrli( of thg trustaes in furth8ranc6 of thelr tharTtable CAle8. R•strfct8d funds 8re 8ublect to specific conditK)ns by donors or grantors as to how they may be used. The rAifp08e8 8nd u888 of the restricted fund8 are set ¢JJt in th8 notes to the )Inanclal stotoments. 1.4 Incom• Income15 reojgnlsed when the charity Is legally 8nlUed to il aft8r any perfomance condrlion$ have be8n nMt, th8 amounts can be rneosur8d reli8bty. and it Is probablg that income w511 b& recgiveLI. Cash donations are rerw)gni$8d on r8¢6iPt. Other donallon8 ar8 recognlsed once the ¢h8Trty has i>een noUff8d of Ihe donation, unless performancg condTtions r8quir8 d9ferdl of the amount. Income tax recoverable in relatlon to donalons roceivo(J uNJer Gift Aid or deeds of covenant 18 rwnised at lh& time of the donation. Le9acles are re¢ognbyed receipt or otheise If thè chaftty has been notifi6d of an impendlng dl8trlbution. the amount 18 known. ond ¢81p1 18 6XP8Cted. If th& amount 58 not known. the legacy Is treated as a eontirYJent asseL 12-
THE JOBS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ountlng pollcle• {ClInU•d) 1.5 Exp•ndltur• Expenditur8 Is reccNJni88d ce there Is 8 81 or COrtCtive obligabon to transfer economt b8neflt lo third party. it Is probable that a transfer of economlc bengfiis wlll be required in sètuemenl, and the amount of lh8 obligation can be measured reliably. ExpendItu 18 classlfied by acliwty. The ¢xJsts of each xti¥ty ar8 made up of the tolal of dlrect ry)8ts aThJ shad costs. Including support costs invofve(I In undertaklThJ each acllvty. Dlr8Ct costs attrfbutsble lo a slng acb"Mty are 8llocated difecty lo that actlvity. Sh8rod Costs which ¢Mtrfbute lo morè than one athty and Support cos15 whith Are not attributabl8 to a singlè aclivty are apportioned beBen those activleS on 8 basi conslstenl wilh the use of resovro&s. Central staff ¢osts are all(Kated on the basis of tlme spent. and dewaciation charg9$ ore allocated on lh• portion of the asset's use. 1.6 TgIbl• tlxod *880ts Tangible fixed assets are initi81ty moasured at cost and SL4)sequ9ndy measured at cost or valu81ion. net of depr8clation 8nd any Imparment k)ss8S. Depreciation Is rgcognised so as to off th8 Cost or voluatlon of g$s8ts18ss their rpsidual values over thelr U8eftJl Ilves on the follt)vAng bases. FixbJr88 and fithJs 2 Ygars Straigm LSn The gain or loss arislng on the disposal of an asset bs detsmlned as the differencg b9een the $81è proceeds and the carylng value of th6 88Sgt, arHJ is re¢ognl$ed In the stat8m8nt offinancial octswti6$. 1.7 Impalrm•nl of fixed At &ach porting ènd date, ihe ¢harfty revièws th& ¢aryiTrJ amounts of Ils tangible assets to determinè whether there 18 any indication that those assets have suffered an imp8imi8nt loss. If any such indicalon exists, the recoverable amount of Ihe 8988t t8 estimated In order to detsrmlnè the extent of U)e Impainnent loss Irf any). 1.8 Employ88 beneflts The cost of any unus•d holiday enlitbment is recogni8gd In the period in which the employee's SeIc aro rgcel¥8d. Termin8tion beneffts are recognised immgdlately as an expènse when the charity Is d8monstr8bly committ&l to t•minale the employmènt of an employ80 or to provble teMnatiOn benefits. 1.9 R•tlrement b•noffts Payfflents to defined ¢ontrlbutlon retirament benefft sch8m&s ore charged a8 an ¢XFfjnse as they fall due. crttl¢al accounting •Stlfflate¥ and Judgement8 In the application of the ¢harlty's a¢UtIng policies. th8 truslees are requSred to make judgements, eslimales and a$sumptions 8boul the carying amount of assets an(1 llabl188 that are not readily appar•nt from other 80ur¢es. The estimat88 ana associaled assumpllons are bas•d on histOriC81 experience and other foctors that are consldergd lo be Telev¥nL Actual resuh8 may differ from these estimates. The estimates and underlying as$umptK)ns ar& revieEd on an ongoing ba8. RevSsion8 to accountlr esllmates ar8 facogni8ed in thè period in whlch 6stlmats 18 revlsed where the ievl4on affects onty that peiiod. OT In the perlod of the revlslon and ftrture pgriods wherg ths rèvSsion affects iY>th ujrrent and ftjturo perlod$. 13-
THE JOBS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incom• from donatlon8 and109a¢les Unr•strlct•d Unr08trffict•d funds fund• 2024 2023 Donations and glfts 648.870 477,842 Expendlturn On ch•rltsblo actlvftie• Total 2023 2024 staff costs Depieciation and Smpalmient Rent Prfntlng & stsllon SubsrJiptions Computer expensas Td8phon$ Bank charges Sundry expen$88 Equlpment Lgjal fee8 Accountancy Rècruitment expenses PolllThJ costs Exiemal rosegrch Management & consultancy lee8 373.705 976 50,467 4.433 3.118 158,296 678 34,591 527 3,977 12 86 38 81 495 2,504 3.268 18.000 86,030 12,400 148.269 9,720 1,023 94.129 22.681 57.906 630,346 473,069 Shar• of gtsvernanc• costs Is•• nots 5) Govamance 4,200 18,092 489,161 Analysls by fvnd Unrestrfcted knds 489,161 Governance costs 2024 2023 AuntanCY f888 4,2 16.OW2 The aLwe indudes £2,8201223. £2.70)) with regard lo ind8Fendent examination fges. 14-
THE JOBS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Trust* None of Ihe tru6ts88 lor any per80n8 conngGt9d with thèm) r8ceived 8ny remun6rallon or beneffts from th tharity during the year. Employ••B The average mcthly number of employees durlng thg y88r was: 2024 Mumb•r 2023 Numb•r Eryloym•nt costl 2024 2023 weS and $818rfes Social securty costs other pension costs 335,533 32,171 6.001 144.663 12,253 373,705 158.296 The number of empbyees vthose annual femuneration was more than £60.( Is as folk)ws: 2024 Numbor 2023 Number (AS rnstatedl £60,0 to £70.QYJO £80,000 10 £9),000 £90,C4)O to £100,000 R•mun•ratlon of k•y marIament p•rsonnol The remuneration of key management p8rsonnel was as frAIows: 2024 2023 IA8 r•statod) Aggregate compgnsatbn 182,912 91,106 Prfor y•ar r0Stat•m•nt It was identified th81 the comparatives for 8mploye8 bandlngs & Key Management Personnel above were incorrect and have Ihgreforg been rgstslgd. This is a restatement of a dlsclosure only and does not affect any other figur8s in the fin8niial statements. Toxatlon The charfty is oxempt from taxation t)n Ils actlvlties beCae 011 Incom8 Is applled for charftoble purposes. 15-
THE JOBS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 T•nglbl• ffix•d a88ets Flxlwets CoBt At 1 January 2024 Additi8 1,356 2,916 Ai 31 De¢ember 2024 4.2n D•pr•clatlon and Imp•lmwnt At 1 January 2024 DepreCtiOn Cha6d in the year 866 976 At 31 t)ecember 2024 1,842 Carrying •mount At 31 Dec8mbgr 2024 At 31 D8cember 2023 490 10 D•btor8 2024 2023 Amounts falllng due wlthln on• r. Olherdebtors Prepaym8nls and 0rUed income 28,250 28.250 11 Credltors: amounts falllng due wlthln on• y•gr 2024 2023 Other taxalon and social securtty Trade CredS Other creditors A¢cruals and deferred I0Mè 12,045 1,694 8.684 25.125 4,432 18,171 38,283 12 R•tlrement lJen•fit gehèm•• 2024 2023 D•fin•d contrlbutlon s¢hem•8 Charge to profil or1088 in respect Ofdefld contribution scheme5 6.001 1,380 16-
THE JOBS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 R•tlr•ment benefit schemts Iconllnuedl The Cha operdles 8 d8flnod contribution p9nslon sch• for all qualifyirwJ employèe8. The 888ets of th8 scheme are hold separatoty from those of the chority in an Indepermlenlly admin18tergd fund. 13 Unrostrlct•d fund$ The unrgstrlcted fun(Is of th• charity comprise the unexpend8d bolanc88 of (knotlons and grants whlch are not Subject lo specific ConlonS by donors and grantors as to how tw may be u8od. These indude designated funds which have bgen $91 askle oui of unrests fvnds by the trusle&s fr)r specific purp0808. At 1 January Incomlng 2024 rnsour¢es Rg*oure•s exp•ndod At31 D•combBr 2024 GBngr31 funds 8,658 648,870 {634,5461 22.982 Pr•vlous y•ar: At 1 January 2023 Incomlng sourcos R•sourc•8 •xp•nd•d At31 DecOmr 2023 General funds 19.977 477,842 {489,1611 14 Analy81• of n•t a88èts boiw#n funds Unrn•trlct•d funds 2024 At 31 D•cemb•r 2024: Tangible a$8et8 Current assetsllliabllityg$} 2,430 20,552 22.982 Unro$trl¢t•d fund8 2023 At 31 D•c•mb¢r 2023: Tangible assets Current asse{11•bIIieSI 8,168 8,858 15 Rolatgd party Iransactlons Thère ware NJ dlsdosable r8latsd party tran8a¢tSons duriTrJ the yoor12023- none). 17-
THE JOBS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Cash g•nerat from1{abrbÈd by) operntloffts 2024 2023 Surplu81ldeficit) for the year 14.324 (11,3191 Adju$tments for. Doprgdatkin and Impawmenl of tsroible fixed assets 976 678 Mov•m•nts In worklng pItal. Decreasbllincroasel In debtors {Decreaseylncreaso in credito 26,270 {20,112} {28.2) 26,229 CaBh g•n•ratsd fromllabsorbed by) operatlons 21.458 112,6621 18-