Charity Number: 102829 Company Number: Nl 029506 Job Directions Limited Acom an limited b uarantee Trustees, Re ort and Financial Statements for the ear ended 31 March 2024
Job Directions Limited Re ort and financial statements Contents Page Company Information Trustees, Report Independent Examinerfs, report to the trustees Statement of financial activities Balance Sheet Cash flow statement Notes to the financial statements 10-17
Job Directions Limited Com an Information Trustees Christina Mullen David Canning Paul Crawford Sandra Pollock John Mccosker Eamon Mccay Secretary John Mccosker Independent Examiners FMC AccoLJnlanls 34 Market Street Strabane Co. Tyrone BT82 8BH Bankers AIB Bank 71 Main Street Slrabane Co. Tyrone BT82 8AU Bank of Ireland Abercofn Square Slrabane Co. Tyrone BT82 8AH Shawbrook Bank Gfeal Wafley Brenhvgod Essex CM13 3BE Aldemoro Block B We$lern House Lynch Wood Pelerborough PEZ 6FZ Hampshire Trust Bank 131 Finsbury Pavement London EC2A 1 NT Dudley Building Society 7 Harbour Buildings Wesl Midlands DY5 1LN Virgin Money 30 Sl Vincent Place Glasgow G1 2HL Unrf(ed Trust Bank 1 Ropemaker Street London EC2Y 9AW Cambridge & Counties Bank The Charity Bank Ltd Charnwood Court Fosse House 5B New Walk 182 High Street Leicester Tonbridge LE16TE TN9 1BE Redwood Bank Nationwide Building Society The Nexus Building Kings Path Road Letchworth Garden City Moulton Park Hertfordshire Northampton SG6 3TA MN3 6NW Allica Bank Limiled 100 Avebury Blvd Milton Keynes MK9 1FH Loughborough Buikiing Society Saffron Building Society 56 Woodgale la MaTkel Street Loughberough Essex LE11 2TZ C810 1HX Sollcltors Mccay Solicitors 1 John Wesley St Slrabane Co. Tyrone 8T82 8EF Registered office Unil 10
5 Upper Main Street Slrabane Co. Tyrone 8T82 8AR Registered number NI 029506 Charity number 102829
Job Directions Limited Directors. Re ort The trustees present their report and financial statements for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity. The financial statements comply with the Charities Regulations {Northern Ireland) 2015, the Companies Act 2006, the Memorandum 2nd Articles of Association, 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 FRS 102) (effective 1 January 2015)- The trustees, who are also directors for the purpose of company law and who served during the year end and up to the date of this report are as follows- Christina Mullen David Canning Paul Crawford Sandra Pollock John Mccosker Eamon Mccay Principal activities The charity's principal activity during the year was to provide work for unemployed adults in the Strabane District Council area with the mentoring, advice, guidance and training required to improve their prospects of gaining employment. The aim is to give individuals the opportunity to obtain employment or advance their educational training goa15. The charity administrates various schemes which operate on the above principles. Objectives and Activities Job Directions Limited has been established for over 20 years and is renowned for their grass roots level approach in supporting the community by providing a range of setvices that provide vital support to people within the community who are unemployed and may become employed, job seekers, apprentices, trainees, or persons who may come into the foregoing categories. The charity assists by competing for and securing employment through the provision of relevant education, training, guidance and experience. Job Directions Limited has been successful in placing multiple individuals in employment and training and education programmes through the 'Ready4Work' and 'Empowerf programmes during the year. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefil when reviewing the Trust's aims and objectives and in planning for future activities and setting the policy for the year. Public Benefit Statement The direct benefits which flow from purpose the purpose is to assist those persons who are or may become employed, job seekers, apprentices, trainees, or persons who may come into the foregoing categories, in competing for and securing employment through the provision of relevant education, training, guidance, experience and or for the advancement of any such category of person in the labour market, such activity to include any part of the European Union. We also aim for unemployed people or economically inactive people to gain employment or take up education and training. Employment income helps relieve povety. The charity's beneficiaries are the unemployed who live in the European Union, who claim out of work benefits. The economically inactive who live in the European Union. who claim benefits. The economically inactive who live in the European Union, who do not claim benefits. The only private benefit flowing from this purpose 15 that individuals wll gain employment or access to education and training and this is incidental and necessary because Job Directions purpose is to assist all those who are unemployed or economically inactive to achieve this purpose.
Job Directions Limited Directors. Re ort Achievements and perforniance Job Directions secured on-going funding for the 2023-24 financial year to enable it to deliver all existing programmes, Ready4Work and Empower. The "Ready4Work" programme assisted young people completing year 12 to transition into the world of work whilst furthering their education. It is targeted to support young people who are at a disadvantage due to health conditions, poor attendance at school, living in kinship care, sexual orientation, low educational attainment or other disadvantage. The Empower programme is delivered in partnership with Disability Action, funded by the UK Shared Prosperity Fund and is designed to support people with long term ill health or disability who are economically inactive to enable them to participate in the labour market. Job Directions recruited 70 customers from within the Derry City and Strabane District Council area. 27 customers obtained employment, which represented 70°/o of those leaving the programme. Customers on Empower were able to access one to one mentoring and support regarding employability together with access to mental health counselling and professional benefits advice. Financial Review During the year 31 March 2024. the charity received total income of £122,091 and had an overall deficit of £72,398. Income from grants showed an decrease of £436,071 during the year. Investment income has increased by £19.177. No fixed assets were purchased. The charity had reserves at 31 March 2024 of £1,212,541. The charity is in a solid financial position and there are no concerns about its ability to continue as a going concern. Reserves Policy Job Directions Limited needs a reserves policy to have sufficient cash reserves should the charity experience cash flow problems, to service lease agreements on propety, to honour service contracts in place or costs involved in any potential wind up of the charity andlor provision for redundancy costs. It is recommended that reserves for the running costs of core activities be retained. The target set and realised in the previous year is £500,000. The level of reserves are reviewed by the trustees and management regularly throughout the year. The minimum level of reserves for the on-going needs of the charity is reviewed by the trustees on annual basis. Plans for the future As we enter into 2024125 the organisation wll continue to provide services, whilst new sources of funding are sought. The on-going plan is to:. Maximise the potential income from Empower having now secured an increase in the total number of ustomers Job Directions could recruit from 70 to 100. Implement a strategy to maximise income generated from reserve funds. Explore the potential involvement in the delivery of'workable, as a partner of Disability Action. Explore the potential to derive an income by charging for advertising on Job Directions social media pages. Job Directions will continue to seek funding opportunities to provide services to the unemployed and economically inactive across the district in 2024125. Actions have been taken to reduce costs, downsizing premises and reducing the overall staffing levels via voluntsry redundancy, no staff were made redundant on a compulsory basis. The charities reseNe policy has been revised and the trustees are clear that there is sufficient funding to met the demand for services form beneficiaries for the next 3 years, even in the absence of new funding sources.
Job Directions Limited Directors. Re ort Structure, governance and management Job Directions Limited is a company limited by guarantee with charitable status, incorporated on the th 4 May 1995, and registered as a charity in Northern Ireland on 17 September 2015. The company was established under Memorandum of Association that established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the winding up of the company each member is required to contribute no more than £1. The trustees of the charity when elected serve until the next annual general meeting at which they musl be re-elected. The trustees of the charity seek to appoint new charity trustees be contacting individuals who have shown an interest in the charity activities and have sufficient knowledge or skills to carry out the role of a trustee. The management operate a system of internal control designed to provide reasonable assurance, but not absolute assurance aqainst material misstatement or loss. They include the',- regular consideration by the trustees of progress reports regarding operational activities. These are carried out detailing performance indicator levels such as participant numbers and financial breakdowns. Any deviations from targets are highlighted and contingency actions are implemented. delegation of authority and segregation of duties among staff. identification and management of risks to which the charity is exposed. Statement of trustees. responsibilities The trustees {who are also direclors of Job Directions Ltd for the purposes of company law are responsible for preparing the Trustees, Annual Report (including the Strategic Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under the law the trustees have elected to prepare the financial stalements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the directors are required to= select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities ISORP 2019] {FRS 102): make judgements and estimates that are reasonable and prudent., state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable Ihem to ensure that the financial statements comply with the Charities Act {Northem Ireland) 2008, the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Job Directions Limited Directors, Re ort Independent Examiner FMC Accountants were appointed independent examiners to the charity and a resolution proposing their reappointment will be put to the Annual General Meeting. Small company exemption This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. The directors are of the opinion the company is entitled to exemption from audit in accordance with section 475(2) and section 475(31 of the Companies Act 2006. The Trustees, Annual Report, and the Strategic Report included therein, was approved by the board on 23 November 2024 and signed on its behalf. Christina Mullen Trustee (Chairperson) ccosker uslee {Secretaryl
Job Directions Limited Independent examinerfs report to the members of Job Directions Limited on the unaudited financial statements for the year ended 31 March 2024 We report on the financial slalements of the company for the year ended 31 March 2024 which are set out on pages 7 to 15. Respective Responsibilities of Directors and Independent Examiner As the charitable company's directors, who are the trustees for Ihe purpose of charity law, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that the charitable company is not subject to audit under company law, and is eligible for independent examination. it is our responsibility to: examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008- follow the procedure5 laid down in the general directions given by the charily commission for Northern Ireland under section 65{9){b) of the Charities Act (Northem Ireland) 2008., and slate whether particular matters have come to our attention Basis of Independent Examlnerfs Report We have examined your charitable company's financial statements as required under section 65 of the Charitie5 Act (Northern Ireland) 2008 and our examination was carried out in accordance with the general directions given by the Charity Commission for Northem Ireland under section 65(9)(b} of the Charities Acl (Northern Ireland} 2008. The examination included a review of the accounting records kept by the charitable company and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as a charitable company directors concerning any such matters. Our role is lo state whether any material matters have come to our attention giving us cause to believe.. that accounting records were not kept in accordance with section 386 of the Companies Act 2006., or that the accounts do not accord with those accounting records; or that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland., or that there is further information needed for a proper understanding of the accounts to be reached. Independent Examiner's Statement We have completed our examination and have no concerns in respect of the matters listed above and, in connection with following the directions of the Charity Commission for Northem Ireland, we have found no matters thal require drawing to your attention. Stephen Mccartan for and on behalf of FMC Accountants Chartered Accountants 23 November 2024 34 Malket Street Strabane Co. Tyrone BT82 88H
Job Directions Limited Statement of financial activities inco for the ear ended 31 March 2024 oratin the income and ex enditure account Notes Unrestricted Restricted funds funds 2024 2023 Incoming resources from generating funds.. Voluntary income Investment income 94.382 94,382 27,709 530,453 8,532 27,709 Incoming reSoUrS from charitable activities Totsl incoming resources 27,709 94,382 122,091 538.985 Resources expended Charitable activities 191.545 192,089 458,078 Governance costs 2,400 2.400 2,700 Total resources expended 193,945 194.489 480,778 Net incomingl{outgoingl resources before transfer¥ 27,165 {99.563) (72.3981 78,207 Transfer5 between funds {83.0001 83.000 Net incominglloutgoingl sOurceS for the year {55.8351 116,563) (72,3981 78,207 Total funds brought foard 1.248.289 36,650 1.284,939 1,206.732 Total funds carried forward 1,192,454 20,087 1,212,541 1.284,939 The charity has no recogriised gains or losses olher than those shown in the statement of financial activities in the above financial period and there have been no discontinued activities or acquisits.ons in this period. The notes on pages 12 to 19 fom an integral part of these financial statemenls.
Job Directions Limited Balance Sheet as at 31 March 2024 Notes 2024 2023 Fixed assets Tangible assets 12 2,178 2,722 Current assets Debtors Cash at bank and in hand 13 45,605 1,170,842 1,216,447 58,992 1,239,882 1,298,874 Creditors: amounts falling due within one year 14 (6,084) (16,657) Net current assets 1,210,363 1,282,217 Net assets 1,212,541 1,284,939 Funds Restricted funds General fund5 Designated funds 16 17 20,087 692,454 500,000 36,650 748,289 500,000 Shareholders, funds 1,212,541 1,284,939 For the year ended 31 March 2024 the company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 relating to small companies. No member has required the company to obtain an audit of its accounts for the year ended 31 March 2024 in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The financial statements have been prepared in accordance with the provisions in Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and Part 15 of the Com anies Act 2006 applicable to companies subject to the small companies regime. Christina Mullen Trustee (Chairperson) Approved by the board on 23 November 2024 n Mccosker rustee {Secretary} Company Registered number: NI 029506 The notes on pages 12 to 19 form an integral part of these financial statements.
Job Directions Limited Statement of Cash Flows for the ear endin 31 March 2024 Notes 2024 2023 Cash used in operating activities 19 96,749 75,851 Cash flows from investing activities Interest income Purchase of tangible fixed assets 27,709 8,532 Cash provided by (used In) investing activities 27,709 8.532 Increase (decrease) in cash and cash equivalents in the year (69,040) 84,383 Cash and cash equivalents at the beginning of Ihe year 1,239,882 1,155,498 Total cash and cash equivalents at the end of the year. 1.170,842 1,239,881
Job Directions Limited Notes to the Financial Statements for the ear ended 31 March 2024 1 Accountin olicies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. a) Basis of preparation 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 1021 (effective 1 January 2015} (Charities SORP (FRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Job Directions Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless OtheNise staled in the relevant accounting policy notes. The financial statements are prepared on a going concern basis under Ihe historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been Gonsistenlly applied to all years presented unless otheNise slated. b) Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied lo particular categories of income.. Voluntary income is received by way of grants, donation5 and gifts and is included In full in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Grants for the purpose of capital expenditure are credited to deferred income when receivable and amortised in line with depreciation. Investment income is included when receivable. Incoming resources from charitable trading activities are accounted for when earned. c) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. Costs of charitable activities includes the costs of training programmes delivered, commercial trading and other educational activities undertaken to further the purposes of the charily and their associated support costs. Governance costs represents those items required to audit and report on the charity activities. 10
Job Directions Limited Notes to the Financial Statements for the ear ended 31 March 2024 dl Fund accounting The Charity has kno types of funds for which it is responsible.. (1) Unrestricted funds the unrestricted fund is under the control of the Board of Trustees, to be used in the furtherance of the objectives of the charity. {2) Restricted fund5 the restricted fund represents donations and grants received where the donor has irnposed restrictions on the use of the funds which are legally binding on the Board of Trustees. Designated funds are unrestricted or restricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. el Tangible fixed assets Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives. Tangible fixed assets are stated at cost {or deemed Costl or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating a5 intended. fj Depreciation Depreciation is provided on all tangible fixed assets, at rates calculated lo write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows.. Fixtures, fittings & equipment 200kn reducing balance gl Investments Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year. h} Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. i) Cash at bank andin hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. j) Pensions The Charity operates an auto enrolment contribution pension scheme for staff who wish to avail of it. The assets of the scheme are held separately from those of the charity. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. k) Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation lax purposes.
Job Directions Limited Notes to the Financial Statements for the ear ended 31 March 2024 11 Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. 2 Legal status of the Charity The Charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. 3 Provisions available for audits of small entities In common with many other businesses of our size and nature, we use our independent examiners to assist with the preparation of the financial statements. 4 Incomin resources Unrestricted funds Restricted funds 2024 2023 Grants & Donations Disability Action - Empower National Lottery - Ready4Work Department for the Economy- 'Seeds' Department for the Economy- 'Wee Job, Derry City & Slrabane District Council 'VVee Job, 84,382 10,000 84,382 10,000 448,136 53,506 28,811 530,453 94,382 94.382 5 Income from investments Unrestricted funds Restricted funds 2024 2023 Interest- deposits 27.709 27.709 27,709 27,709 8.532 8,532 12
Job Directions Limited Notes to the Financial Statements for the ear ended 31 March 2024 6 Cost of charitable activities Unrestricted funds Restricted funds 2024 2023 Training provider cosls Training placement allowances Training course costs Wages and salaries Wages and salaries - redundancy costs Employee costs - Staff training and welfare Pensions Rent and rates Insurance Light and heat Repairs and maintenance Meeting expenses Travel and subsislence Telephone and internet Stationery, printing and promotion Legal and professional Bank Gharges and interest Sofvare Directors expenses Sundry expenses Depreciation 637 5.226 145 149,055 637 5,226 145 149.055 72,815 10,454 2,474 295.492 17,347 500 3,072 4,866 2,507 2.346 7.140 1,003 77 3,228 1,103 6.120 331 1,321 2,559 289 500 3,072 4,886 2,507 2,346 7,140 1,003 77 3,228 1,103 6,120 331 1,321 2,559 289 544 4,401 14.288 2.951 5.382 7,740 2.591 135 3.200 968 13.290 244 769 2,202 655 680 544 544 191,545 192,089 458,078 7 Governanco costs Unrestrlcted funds Restricted funds 2024 2023 Audit and accountancy 2,400 2.400 2.400 2,400 2,700 2,700 8 Em lo ee costs 2024 2023 Wages and salaries Wages and salaries - redundancy costs Employer NIC Pension costs 141,992 278,752 17.347 16.740 4,401 317,240 7,063 3,072 152,127 No employee received remuneration in excess of £60,00012023 -. None). Number of Employees 2024 2023 Finance and administration Training and placements 13
Job Directions Limited Notes to the Financial Statements for the ear ended 31 March 2024 9 Trustees. information Trustees are reimbursed for administration costs incurred in performing their duties. No remuneration is paid to any trustee. 10 Pension costs 2024 2023 Pension charge 3,072 3,072 4,401 4.401 The charity operates a defined contribution pension scheme in respect of the staff who wish to avail of it. This scheme 15 run by Workers Pension Trust. The assets of the scheme are held separately from those of the charity. 11 Taxation The charity is claiming lax exemption to the extent that income andlor gains are applicable and apply to charitable purposes only. 12 Tan ible fixed assets Flxture8, fittings and aqulpment Websito Total Cost At 1 April 2023 At 31 March 2024 50,878 50,878 3,997 3,997 54,875 54,875 Depreciation Al 1 April 2023 Charge for the year Al 31 March 2024 48,156 544 3,997 52,153 544 48,700 3,997 52,697 Net book value At 31 March 2024 2,178 2,178 At 31 March 2023 2.722 2,722 14
Job Directions Limited Notes to the Financial Statements for the ear ended 31 March 2024 13 Debtors 2024 2023 Trade debtors Other debtor5 and prepayments 24,382 21,223 45.605 52.803 6,189 58,992 14 Creditors: amounts fallin due within one ear 2024 2023 Trade creditors Other taxes and social security costs Accruals 1,135 2,549 2.400 6,084 8,967 5.290 2.400 16.657 15 Contin ent liabillties There is a contingent liability to repay all grant monies should they not be distributed under the terms of the various initiatives. The trustees do not anticipate any repayment falling due under the terms on which grants were received. 16 Restricted funds Fixed asset Net assots funds funds Total funds Balance at 1 April 2023 Surplusl(deficit) for year Transfer of funds 36,650 (99,563) 83,000 36,650 (99,563) 83,000 20.087 Balance at 31 March 2024 20.087 Surplus funds which are not restricted at the year end are trar)sferred to unrestricted funds. Net assets fund The net assets fund consists of monies receivable at 31 March 2024 and monies held, but not yet spenl, or expenditure provided for. for restricted purposes. The funders of the net assets fund are., Disability Action funding 'Empowef project and National Lottery funding 'Ready4Work' project. 15
Job Directions Limited Notes to the Financial Statements for the ear ended 31 March 2024 17 Unrestricted funds Desi nated funds Cashflow reserve General Fund Total funds Balance at 1 April 2023 Surpluslldeficitl for year Transfer beeen funds 748.289 27,165 183,000) 692,454 500,000 1,248,289 27,165 (83,000) 1,192,454 Balance at 31 March 2024 500.000 Designated funds have been set aside for the following purposes: Cashflow reserve - to ensure that the charity can meet its debts as they fall due, in the event that payments by funders are delayed or where costs are met relrospeGlively. 18 Anal Si5 of net assets between funds Restricted Income funds General funds Desi nated funds Total funds Fund balance at 31 March 2024 as represented by.. Tangible fixed assets Current assets Current liabilities 2,178 690,276 2,178 1,216,447 (6.084) 1,212.541 26,171 (6,084) 20,087 500,000 8alance at 31 March 2024 692.454 500,000 19 Reconciliation of movement In funds to net cash flow from o eratin activities 2024 2023 Net movement in funds (72,3981 78,207 Add back depreciation charge Deduct interest income shown in other incoming resources Decrease (increase) in debtors Increase {decrease} in creditors 544 (27,7091 13,387 {10,573} 680 18,532) 17,818 (12,322) Nel cash used in operating activities 96,749 75,851 16
Job Directions Limited Notes to the Financial Statements for the ear ended 31 March 2024 20 Related transactions Four directors were reimbursed for administration expenses incurred. This reimbursement of directors tolalled £2,559 for the year. There were no other related party transactions for the year under review. 21 Ultimate controllin The company is limited by guarantee. There is no ultimate controlling paty. 17