����������������������
Original document
Name: "J29 Project Ltd Accounts 2023 - updated 210324.pdf" Number of pages: 12 Document size (bytes): 383060 Document seal: 5953f3da446a7330a5f5143f63c6cf84
Issuer
SJO Accountants Jane Hill (jane@sjoaccountants.co.uk)
Electronic signature
Signer: Hilary Leathem (hilsleathem@yahoo.co.uk) Signature: "hilary leathem" Browser: Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/122.0.0.0 Safari/537.36 Edg/122.0.0.0 IP address: 31.126.162.39, 172.31.27.114 Timestamp: Fri Mar 22 2024 16:34:29 GMT+0000 (Coordinated Universal Time) Receipt seal: 3506d785a9aac51722338e19044f5a81
�� ������������������� �� ������������� ������������������������������������������������������������������������������������������������� ����������������������������������������������������������������������
Registered number NI653491 Charity number NIC107583
J29 Project Ltd
Report and Accounts for the year ended 30 June 2023
J29 Project Ltd Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Trustees' report | 2 |
| Independent examiners' report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
J29 Project Ltd Company Information
Trustees
Mike Bambrick (appointed 1 July 2023) Lena Bambrick (appointed 1 August 2023) Jane Carr (appointed 1 September 2023) Hilary Leathem (appointed 10 October 2023) Barbara Anne Gamble (resigned 1 August 2023) David James Gamble (resigned 1 August 2023) Andrew Hackett (resigned 1 July 2023) Cheryl Elizabeth Hackett (resigned 9 October 2023) Louise McKinstry (resigned 31 March 2023)
Accountants
SJO Accountants Ltd 37 Movilla Street Newtownards Co Down BT23 7JQ
Registered office
26a Downshire Place Banbridge Co Down BT32 3DF
Registered number
NI653491
Charity number NIC107583
1
J29 Project Ltd Registered number: NI653491 Trustees' Report
The trustees present their report and accounts for the year ended 30 June 2023.
Constitution
The Charity is constituted as a Company Limited by Guarantee in accordance with the Companies Act 2006.
Objects of the charity
The charity's objectives are as follows: -
The advancement of the Christian religion for the benefit of the public within the Banbridge and surrounding areas.
The prevention of poverty by facilitating education programmes, mentoring and pastoral support for those deemed at risk of being in poverty.
The relief of poverty by way of food donations and practical support to families and individuals within the Banbridge area currently living in situations of food, fuel and clothing poverty.
The use of physical fitness, health and wellbeing for the greater good of the local community.
The preservation and protection of health by engaging directly in situations of risk of suicide and suicidal behaviour by people within the Banbridge area and the facilitation of suicide intervention training and preventative programmes.
The advancement of community development by providing a property where the local community came come together and avail of the services provided for the betterment of the local area and to provide the opportunity for local people to showcase their creative abilities in keeping with the Christian ethos of the organisation.
The advancement of education, skills training and the arts by providing a range of programmes, workshops and projects for the local community.
The relief of those in need by reason of youth, age, ill health, disability, financial hardship or other disadvantage by ensuring all our services and outworking of our purposes are as accessible to every section of the local community as is physically possible regardless of social standing or personal circumstance.
The relief of unemployment for public benefit by assisting those not currently in employment with employability skills in order to obtain employment and to link with and actively engage with local employers in order to provide employment.
And generally improve the conditions of life for the said inhabitants by associating with the statutory authorities, voluntary organisations and inhabitants in a common effort to meet our objectives in accordance with the benefit to the greater Banbridge community.
Trustees
The trustees, who are also the directors for the purpose of company law, and who served during the year are listed below, and are appointed at the annual general meeting.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of any winding up.
J29 Project Ltd currently has four trustees who all participate in the day to day running of the business.
Mike Bambrick (appointed 1 July 2023) Lena Bambrick (appointed 1 August 2023) Jane Carr (appointed 1September 2023) Hilary Leathem (appointed 10 October 2023)
Related parties
The charity has no related parties.
Reserves policy
It is the policy of the Board of Directors to maintain sufficient free reserves as are consistent with the ongoing financial requirements of the Charity.
Risk management
The Board of Directors have assessed the major risks to which the charity is exposed, in particular those related to the operation and finances of the Charity and are satisfied that systems are in place to mitigate our exposure to the major risks.
Small company provisions
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.
This report was approved by the board on 22 March 2024 and signed on its behalf.
Hilary Leathem Trustee
2
J29 Project Ltd Independent Examiners' Report
Independent examiners' report to the charity trustees of J29 Project Ltd
We report on the accounts for the year ended 30 June 2023, which are set out on pages 4 - 6.
Respective responsibilities of charity trustees and examiner
As the charity's trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the Companies Act 2006. Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for an independent examination, it is our responsibility to:
-
examine the accounts under section 65 of the Charities Act
-
follow the procedures laid in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act
-
state whether particular matters have come to our attention.
Basis of independent examiners' report
We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65 (9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented within those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you, as charity trustees concerning any such matters.
Our role is to state whether any material matters have come to our attention, giving us cause to believe:
- That the accounting records were not kept in accordance with section 386 of the Companies Act
2006
-
That the accounts do not accord with those accounting records
-
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 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
-
That there is further information needed for a proper understanding of the accounts to be reached.
Independent Examiners' Statement
We have completed our examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention.
SJO Accountants Ltd Chartered Management Accountants 37 Movilla Street Newtownards Co Down BT23 7JQ
22 March 2024
3
J29 Project Ltd Statement of Financial Activities for the year ended 30 June 2023
| Incoming Resources Costs of generating voluntary income Gross surplus Charitable expenditure Net incoming/(outgoing) resources Net movement in funds Reconciliation of funds Fund balance at 1 July 2022 Transfers between funds Fund balance at 30 June 2022 |
2023 Unrestricted Funds £ 70,465 3,559 66,906 94,375 (27,469) (27,469) 90,316 (37) 62,810 |
2023 Restricted Funds £ 39,696 21,393 18,303 9,687 8,616 8,616 22,919 37 31,572 |
2023 Total £ 110,161 24,952 85,209 104,062 (18,853) (18,853) 113,235 - 94,382 |
2022 Total £ 177,004 37,478 139,526 73,593 65,933 65,933 47,302 - 113,235 |
|---|---|---|---|---|
4
J29 Project Ltd Registered number: Balance Sheet as at 30 June 2023
NI653491
| Notes Fixed assets Tangible assets 4 Current assets Debtors 5 Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Net assets Total Funds General Funds 7 Restricted Funds 7 Shareholders' funds |
2023 £ 14,800 11,448 70,858 82,306 (2,724) 79,582 94,382 62,810 31,572 94,382 |
2022 £ 18,500 3,906 118,616 122,522 (27,787) 94,735 113,235 90,316 22,919 113,235 |
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
Approved by the directors and signed on their behalf by:
Hilary Leathem Trustee Approved by the board on 22 March 2024
5
J29 Project Ltd Notes to the Accounts for the year ended 30 June 2023
1 Statement of Trustees Responsibilities
The rules of the Charity require the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit for that period. In preparing those accounts, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent; and
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for maintaining proper accounting records under Section 63 of the Charities Act (Northern Ireland) 2008 which are sufficient to show and explain all the Charity's transaction; which are such as to disclose with reasonable accuracy the financial postion of the Charity; and which enable the trustees to ensure that the accounts prepared comply with section 64(1) of the Act. They are also responsible for safeguarding the assets of the Charity, including the maintenance of adequate procedures to prevent and detect fraud and other irregularities.
2 Accounting policies
Accounting Convention
The accounts are prepared under the historic cost convention. They comply with the requirements of Statement of Recommended Practice 'Accounting and Reporting by Charities' ('SORP') and are in accordance with applicable accounting standards.
General Accumulated Funds
General accumulated funds are unrestricted funds available to the Charity for its general purposes and include funds designated by the Charity for a particular purpose; the use of such funds remains at the discretion of the Charity's Trustees.
Restricted Funds
Restricted funds are funds subject to restrictions imposed by the donor or by the specific terms of the appeal under which the funds are raised. The restrictions are binding upon the Company.
Income
All income is accounted for when the Charity has entitlement, there is certainty of receipt and the amount is measurable.
Governance, Management & Administration
Governance, management and administration expenses relate to the whole of the Charity's activities and a proportion of these charges are allocated to expenditure headings on a basis that is consistent with the use of the resources.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset, as follows:
Furniture & equipment
20% reducing balance
6
J29 Project Ltd Notes to the Accounts for the year ended 30 June 2023
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
No tax has been provided in these accounts because the income of the charity is within the exemption granted by Sections 466-493 of the Corporation Taxes Act 2010.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
| 3 Employees Average number of persons employed by the company 4 Tangible fixed assets Cost At 1 July 2022 At 30 June 2023 Depreciation At 1 July 2022 Charge for the year At 30 June 2023 Net book value At 30 June 2023 At 30 June 2022 |
2023 Number 4 |
2022 Number 3 Furniture & equipment £ 33,653 33,653 15,153 3,700 18,853 14,800 18,500 |
|---|---|---|
7
J29 Project Ltd Notes to the Accounts for the year ended 30 June 2023
| 5 Debtors Accrued Income Other debtors 6 Creditors: amounts falling due within one year Accruals Taxation and social security costs Other creditors 7 Statement of Funds At 30/06/2022 £ General Reserves 90,316 Total Unrestricted funds 90,316 Restricted Reserves 22,919 Total Restricted Reserves 22,919 Restricted reserves: Donation Rosehip food - Donations Christmas Appeal - Compassion family support 13,731 Restricted donation - wages - ABC Council - ARCs Funding 550 Halifax - Benefact for staff costs - Clanmill Housing - Small Capital Grant - All Churches re Basement 6,540 Co-Operation Ireland - heaters 2020 720 Fixed assets 2019 779 Trusthouse Grant 599 Total restricted funds 22,919 |
Income £ 70,465 70,465 39,696 39,696 - - 15,314 - 2,000 - 5,000 7,382 10,000 - - - - - 39,696 |
2023 £ 11,172 276 11,448 2023 £ 2,194 530 - 2,724 Expenditure £ (97,934) (97,934) (31,080) (31,080) - - (12,000) - (2,000) (550) (5,000) - (8,843) - (1,588) (144) (356) (599) (31,080) |
2022 £ 3,814 92 3,906 2022 £ 1,943 560 25,284 27,787 Transfers At 30/06/2023 £ £ (37) 62,810 (37) 62,810 37 31,572 37 31,572 - - - - 1,194 18,239 - - - - - - - - - 7,382 1,157 - - - - - 4,952 - 576 - 423 - - 37 31,572 |
|---|---|---|---|
8
J29 Project Ltd Notes to the Accounts for the year ended 30 June 2023
8 Trustees
None of the trustees received any remuneration during the year.
9 Other information
J29 Project Ltd is a private company limited by guarantee and incorporated in Northern Ireland. Its registered office is:
26a Downshire Place Banbridge Co Down BT32 3DF
9
J29 Project Ltd
Detailed profit and loss account for the year ended 30 June 2023
This schedule does not form part of the statutory accounts
| Incoming Resources General Donations Other income Grant Income Investment income Bank interest receivable Income from operating activities Total incoming resources Resources expended Youth Work Costs Emergency provision Covid support Programme costs Family support Supplies Christmas appeal expenses Overhead costs Salaries Pension contributions Staff training & recruitment Basement expenses Travel Repairs, maintenance & cleaning Insurance Heat & light Rent & rates Printing & stationery Subscriptions Postage Marketing & Advertising Telephone and fax g Equipment Expensed Cleaning Accountancy fees Volunteer refreshments and vouchers Sundry Bank interest and charges Depreciation Charitable expenditure Total resources expended |
2023 Unrestricted Funds £ 59,280 11,167 - 70,447 18 70,465 70,465 - - 3,055 - 504 - 3,559 47,342 1,763 994 - 388 4,570 1,043 16,854 12,200 271 560 39 - 1,422 3,477 - 1,519 234 75 12 1,612 94,375 97,934 |
2023 Restricted Funds £ 15,314 - 24,382 39,696 - 39,696 39,696 - - 9,393 12,000 - - 21,393 5,000 - 599 - - - - 1,000 1,000 - - - - - - - - - - - 2,088 9,687 31,080 |
2023 Total £ 74,594 11,167 24,382 110,143 18 110,161 110,161 - - 12,448 12,000 504 - 24,952 52,342 1,763 1,593 - 388 4,570 1,043 17,854 13,200 271 560 39 - 1,422 3,477 - 1,519 234 75 12 3,700 104,062 129,014 |
2022 Total £ 125,858 10,456 40,690 177,004 - 177,004 177,004 - - 29,284 6,158 613 1,423 37,478 40,443 998 1,242 - 841 2,230 2,095 3,041 12,600 637 418 84 200 1,291 596 281 1,379 140 453 - 4,624 73,593 111,071 |
|---|---|---|---|---|
10