Registered number N1653491 Charity number NIC107583 J29 Project Ltd Report and Accounts for the year ended 30 June 2024 *ADF)RCC3* 0911112024 COMPANIES HOUSE A15 #5S J29 Project Ltd Report and accounts Contents Page Company information Trustees, report Independenl examiners, report Statement of financial activities Balance sheet Notes to the accounts J29 Project Ltd Company Infonnation Trustees Mike Bambri¢k (appolnted 1 July 2023) Lena Bambrick (appointed 1 August 2023) Jane Carr (appointed 1 September 2023) Hilary Leathem (appointed 10 October 2023) Barbara Anne Gamble (reslgned 1 August 2023) David James Gamble (resigned 1 August 2023) ndrew Hackett (resigned 1 July 2023) Cheryl Elizabeth Hackett (resigned 9 October 2023) Accountants SJO Accountants Ltd 37 Movilla Street Nevrtownards Co Down 8T23 7JQ Registered office 26a Downshire Place Banbridge Co Down BT32 3DF Reglstered number N1653491 Charity numb•r NIC107583 J29 Proleet Ltd Regi8tÈr•d numb•r: Trustee•, Report 141653491 The trus¢ee$kv￿nI th*r ￿P)rta￿a a¢cfyJnts fr* year eThled 30 Jufte 2024. C¢nstitutlon The ¢ho1ty l$wKtl¢uted a8 a Limited ty GLo¥arrte8 In acts)rthnc8with the Compan￿8 ObA•ets ofth• eharlty The ehaiws otlectth ale as fc4k*8.'. The athan¢em￿t of the chrbl.an rdigion for the be￿fi10f the PL￿41¢ witiiintho 8anbriLtyt and suffothdirvJ ￿e3$. The prevention ¢Y p)vety * tsciltsting 8duc8tiDn wcwarnrne4 rnenk¥irvJ and pastoral fortts)se ijeemed al dsk of t*ng In poverty. The rellef ol Fovety by way of IocAldor•llon• and ryKttc•l luppyt lo f•millu lrnlNl¢*Ali wllhln Ihg e•nMd38 ir•J Ilvlng In ilbJatk)rA ol lood, I￿1 cknthing povety. The use ol plwsKal fifv8s. heath and wellteingforthB greater g)Jd oflhe local c¢rnmthty. The and protection c4 hearth by eTrJagiThJ dlrectty in ol cl •utk1• and 4￿Ck￿l èemvloui by WOFde ￿thIn tm 8DthTldg• •reJ and Ihe f*iitatton olouldd• irtefy•ntton tr•kni¢w Ind preventa￿￿ k¥cgramm￿. The advancemtrt ol eanmuthty ¢evelopment * provldin9 a FYOFety whern th• IfAI eommunity came corne logethei and oyall of the le￿< provldèd for the tettement of ts kxal ?rea and lo wovtdp thB CPF#Jlunity for l¢xal 10 show¢88e thelr ￿e&lIve 8ts"I￿e8 In kee￿n9 the Chrfjstlan 81￿$ of t￿ Lyganhgtw. Th• 80*8￿*￿101 th"#J tyoirdrg •ndth ty FyovWI • ring• ol kYoyarnme8. work•hO￿ •r*J prolect$ loi ts IcrAI cornrnuThty. Tlw rdlel ol t￿10 In rn•d by r•tton el youth, ag•. 111 h8Jllh. Lllutslty, nnjrnlil ha¥dthp or olher diM&4onlMg• ty •m¢￿￿O all our 8•fvleM and uNvothlro of our purFO8M •m ai a¢￿¥￿￿18 Ict e¥w of Ilw loe41 ￿mM￿￿ty •• l• thyik•My poMlt4• r•q•rd•M cl •oclal •tsr¢Jr4 or pef8onol clrcum$Ia￿Q. relkl of uremployment lor bBnefil Ly a#rdliryJ thD6e not ¢wrenlty In emthrnerrt wllh ernF4wg￿Ity skllb in Lythr to obt8ln emp￿￿￿nt •nd to Ilnk wilh ¥nd ac¢￿ety enpp wtth loral emp*ers In order lo prtyli* ernploynpnt ATrJ irnpyovo Ihe corxilion8 of Ill• lor É8id Inhabrtants ty a6sociatirvJ with th• 6t8tsrt¢Yy I￿￿01111*8. volurrtary ¢rganlMtx+r* ar Inhabttonl• In • common frffort to m••1 our obl•Ct￿lI In•oC0rthn￿ t•n•ltt10 m• or•aler Bfftfti¥W cornmmty. Tiu#t••s The InJ8teeB, are akn Ilw directorn lor Ihe PWFQ80 ol compry IwAt. a￿1 ¥er￿j thB year are IIBt8d beluw, and are #ppDJnt•d at It• annual genergl mBe None ol the tTUSi•e$ f•• ary ter¢ll¢lo1 Inlere•t In I￿ cornpony, All ¢*1 tht tru&t••i •r• of Il* ¢￿￿ny￿A￿ guir•nte* to ¢ontrtbL¢e £1 Intp •v•rt ol •ny ￿r￿1￿￿a u J29 Prol•cl Ltd cwrenlty h•• lour trwt•e8 who all (8￿p￿te In the djy to ¢•y wnnlN4oftr• twslnM#. Mlke 8arnMck lapwirded 1 JUW 20231 Lena Barn￿l¢k lappolnted 1 August 20fdl Jane C8rr l•pm)Inled ISeptemL*r 20231 Hllory Le•tl*m lappolnted 10 Ctlcter 20231 Il•tht•d part The charty has rK+ related part￿. A•￿VI￿ polley It18 th8 pollty d lh• Board ol L¥r•dor• lo Mplrtaln•￿dentlr£o 1è5ery05 th• onwirg financlal rnquhm•nt• of th• CKgrty. man•g•m•nt The 8oafd of ￿.￿ClOr$ Nqve Jswse(l the mpjw r￿8 lo wlich Ilw ctrorty is •xp)std, in ￿rt￿￿•r1￿0s• rdalanc•rnin9 any suth matrors. Our role 18 10 Ststs 4th•th•r •ny m•t•rf•l mattern h•ve come to our 8ltsntion, 91￿￿9 US C•US• to b•li•vo'. 1. Th•1 th? •cc•unling records *•rn not k•pt In act0￿•nC• Yith q•cllon 388 vf Comp•nl•s kt 2008 2 That the ar￿Unts do not acc4rd *ith thoge a¢*oufttiftg rnts)fds 3. That th• acuunts do not ￿MPFY wilh the 8rt•unting requirnments of s•ction 396 of Ihg Companies Act 2￿8 arKI with th& ffffjlhods arrfj prinaplos ol thb Charitios Statement of Roc4mmendod Prnclice gpplicobio ty tharbties preparing Ihoir accounts In accordanc• With th• Financièl R•wting Stsndgrd ￿p￿ICable in th? UK and R•publl¢ of Ir•hrKI 4. That th•r• 1$ lurthfrr inlomwton no•d•d lor a propel und•rntsnding 01 th• a¢￿U￿tr ts b• r••¢h•d. Independent Examlners. Statement Wo have c•mpl8tsd our eMgmin*tion and hav• no c•nefjms in rgsppct of tho m81tsrn (11 to (41 list8d •bov• •nd, in eannoctron ¥•ith follo*fjng th• Dir•cllon8 of th• Ch8rity Commls*ion for 14orthom Irel•nd, ￿ hav• found no m•ttor8 th•t rnquir• drnY•ing to your ott•ntion. Jo thccounfronts ltrd SJO Axount•nty Ltd Chartorod Man8￿Ment A¢c•untsnts 37 Movllla Str••l No￿4rd5 Co Oown 8T23 7JQ 8 Novwnb•r 2024 J29 ProJKt Ltd Statement ol Flnanclal kllvlllos for the ￿•r ended 30 Jun• 2024 2024 Unr•s¢vl¢t¢d Funds 2024 R•strl¢t•d Funds 2024 2023 Tgtrl Total Incomin9 Resour￿5 42.072 86.7 110.161 Coots ol g¢n•rollng voluM•ry Ir¢om• 7,641 15.4tr2 23.043 24,932 Gros¥ surplu4 37,043 28,670 63.713 Charitable expenditu 84,327 19,496 103,8r3 104,C62 Net Incomlnglloulgolngl r•V)u￿ 147,2841 7,174 (40.110) {18,853) Net movemwt In funds Reconclliation of funds Fund bal•nc• *t 1 July 2023 82,810 31,572 94,382 113,235 Tr4n81ers b•t*w) lund• (1.1621 1.1S2 Fund bal•nu at 30 Jun• 21r24 94 382 J29 Project Ltd Registered number: Balance Sheet as at 30 June 2024 N1653491 Notes 2024 2023 Fixed assets Tangible assets 11,840 14,800 Current assets DebtOTS Cash at bank and in hand 11,448 70,858 82,306 45,132 45,132 Creditors: amounts falling due within one year (2.700) (2,724) Net current assets 42,432 79,582 Net assets Total Funds General Funds Restricted Funds 14,364 39.908 62,810 31.572 Shareholders. funds 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 thelr 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 companle8 Subject to the small companles regime. Approved by the directors and signed on their behalf by: Lth¢- Hilary Leathem Trustee Approved by the board on 8 Novernber 2024 J29 Project Ltd Notes to the Accounts for the year ended 30 June 2024 1 Statement of Trustees Responsibilities The rules of the Charity reql￿re th8 Trustees lo prepafe 4co)unls for ••¢h financlal year whlch glve a truo and lair view ol Ihe &ale ol affairs of the Chartty arvj of the surplvs or deflcll lor that ￿riod. In preparing those accaunls, the Tru*ees are required to.. select suitable accounting p)licies and then apply them consistently., m•ko judgements and esllmale& Ihat are reasonable ond piudenl.. and prepare the aC￿￿ntS on the goln9 ￿nc*M basis unless11 1$ Inapprowlale lo presume that the Charty will continue in business. The Truslees are re8pon%ble lor maintaining pro￿1 ac¢ounling records under Section 63 of thg Charities Aot (Northern Ireland) 2008 are suffkbent lo show and explaln all the Ch8rlty'8 Iransacllon.. whlch are Such as lo dI8c1088 wKh r•a80nable ac£urary the financlol posllon of the Charlty,. and vknlch •nabkn the trustee8 lo ensure Ih•l the ￿￿ount$ prepared o)mply wllh sedion 64(1) of the Act. They are also responwble for safeguardln9 the assets of the Charity, Including the maintenance ol adequate prooedures to prevent and deted fraud and other Irregularilles. 2 Accountlng pollcles A¢counllng Conv•ntlon The accounts are piepared under the h1*0￿ cost 0)nvent￿n. They ¢ompty with the requlroments ol Slalement ol Re¢ommended Practlc• 'Afxounllng and R•portlng by Cher+tles' I'SORP) and are In •c￿ra•n¢• %%llh •ppllcabl• accounllrw slandardB. Genernl A¢¢umulatgd Funds General acGumulalpd funds are unrestrlcled lunds avallable to the Challty k+r Ils general purposes and Indude lunds designal•d by the Charty for a partlcular purpose,. the use ol su¢h lynds remains al Ihe dls¢retlon of the Charty$ Tru8t••8, Rastrkt•d Fund8 Reslrlctèd funds arè funds sub*ct to restrictions Imposed by Ihe donor or ty the ¥peGifi¢ lerms of the appeal under which the funds are ralsed. The restridlons are binding upon the Company. Incom• All Inc4)me Is aCC¢Ltnted f¢r vthln lh• Ch•rfty ha$ onlitl¢m•nt, there 1$ ￿rtaInty of recelpt and the amount 1$ measurabl•. Gov•m•n¢e. Il•nag8nMnl & Admlnlstratlon Governan￿, m•nag&menl and admlnlstrallon •xpenses felale to th• %tho18 ol th• CharlV$ actlvllies • proportlon ol thesè charges ar• allocal•d lo expendllure headlngs on a basls that Is C￿nI1¥tOnI %￿lh the us• ol th• resources. Tanglble ffxed as$8ts Tanglble flxed awls are measured at accumulotNe depreclallon and any a￿UMUlat5¥￿ Impalrnenl1018es. Depreciallon 18 provided on all tènglbte fixod 08sa18. other than freehold land and bulldlro8. al rnle• c•lculaled lo wrlte off the coat. less estimated iesdual value, of eaGh owt, a¥ follows.. Furniturè & èqulpmont 20% Teduclng balanc• J29 Prolect Ltd Notes to the Arxounts for the year ended 30 Jun• 2024 Short tgrn dèbtors are measured at transactlon pri¢e {whlch Is Lwally the involce prlce}, less any impaimient108ses for bad and doublfvl debts. Loans and other financial assets are initially recognised at Iransadion price including any transacllon c￿#$ and subsequgnlly measured al Jmortised wsl dglermined u8lw th• elfvctlvo Interest mglhod, I•Gs any impalrmanl bsses for bad and doubtful debls. Cr￿110T$ Short lem credito(s are measured al Iransaclion price {￿1¢￿ is usually the invoice wice). Loans and olhei finandal liabilities 4r• inlbalty rettjgnised at transacllon price net ol any Iran8acllon coats and sub8equentty measured •t amortlsed Gosl d•termined usjng th? effe¢tlvo Int•rosl method. Taxatlon No lax has been provldèd In these aetounts becausè thè Incomè of thè charlty 18 vlthln the èxèmptlon granted by Secllons 466-493 ofthe CoTporalk*n Taxes Ac* 2010. P•nslon8 ConlribulSons lo deflned contr[l￿ttOn plgn8 are empn￿d In the pgriod lo YthlGh th?y relate. J Employe88 2024 Number 2023 Number Av8rag• number ol p•r8on8 •mploy•d by th• compny 4 Tanglble 1Sxed •sset¥ Furngturn & equlpm•nt Cost Al 1 July 2023 At 30 JLtne 2024 D•pr•clatlon Al 1 July 2023 Charge for th¢ y¢ar AI 30 June 2024 18.853 Net boolt value AI 30 June 2024 AI 30 June 2023 J29 Project Ltd Notes to the Acc¢)unts for the year ended 30 Jun• 2024 6 Debtors 2024 2D2J Accrued Ino)rne other debtors 11.172 276 6 Credmors.. amounls lalllng due wtthln on• year 2024 1023 Accruals Taxollon so¢*1 se¢urlty ¢ost$ 1.938 762 2.194 530 T Stsl•m•nl of Funds At 0110712023 In¢om• Exp•ndltyr• Tr•n•f•r• Ai General Reserves 62.810 (91.9681 (1.1621 14,364 Tolal Unroslrlcted lunds Restrlcaed Resepies 31.572 42.072 134,8981 1.162 39,908 Tol•l Reslrlcled R•serv•s 42072 Restfl¢ted reser4*1: Donatfon Rosehip food Oonalions Chrislmas Appeal Compasston family 94!pport R*stilcled donallon - wage8 ABC Councll Tttomp8on Gr•nl Halllax 8enef8Ct for staff costs Clanmill Houang Small Capftal Grnnt All ¢hurchè8 re 8asem•nl Co-operation Ireland - heaters 2020 Flxed assets 2019 Trusthou8e Grant 18,239 8,71)0 (S,7501 19,189 1,9(X) I1,9C￿l 14,0431 14,5001 (7,3821 19,6521 2.957 4,000 7,382 7.362 8.490 2,100 2,100 3,681 461 138 4,952 576 11,2711 (1151 1285) Total i•strlcled lunds J29 Project Ltd Notes to the Accounts for the year ended 30 June 2024 8 Twstees None of trustees received any remunerallon durlng the yg4r. 9 Other inlornmtlon J29 Project Ltd is a Private company limlted ty guarante• and incorporated In Northern Ireland. Ils iegistefed offi¢¢ 26a Downshlre Place Banbrldg8 Co Down BT32 30F J29 Pioject Ltd Detalled proffit and togs account lor th• ènded 30 Jun• 2024 Thsscl&Julo do8s nol ft)m) p8rtollhg *81uWacccuiii$ Unr•Jtrlcted Tot•1 T￿1 Gener81 D)nalb) CXFer Income GAnt Irmrnè 41.922 2.714 41.922 2.714 74.Sg4 11.167 44 636 110143 Inwstrnntln¢off• 8•nk inl8r8Et ￿*r￿at￿e 18 In¢ornfrnmw*r•tlng actfvltlqs 110161 44 684 110161 R•%ourus •xp•ttded YothTh fftrk Costs Proglamme ce4t• Famty supwI sUp￿EB Chrslma$apt*?lexpetw 7.25S 9.852 5,7 16.907 5.79) 12.448 12,(n) t>4•rh•*d costs $4.575 1.922 1.479 781 3.470 1.126 4,412 9.70J 11.425 52.343 1.763 1,922 1.479 781 3.470 lrnlnlnga r￿￿kn•ni Tmel Repak5, mabfflenar￿ & G*anlng Ingjtance Heata Yllhl R•nta rat•8 Pnnllno 8 8tqtkn￿ry 4.570 1.013 17.854 13.20) 271 4,912 1s.etsj 5.9CO 78 1,810 42 970 78 1.610 42 970 TdèpMcn?and fax CwwterMst8 Egvipmenl Expwsed A￿UnIBncY fee5 Volunteer ref￿hm￿￿•nd vwth• gjndry nk inlvrut 4nO B￿rg•S 1.422 3.477 1.519 233 75 12 3,7C 165 26 26 1,2 1.671 Ch•TfAble •xpndlturn T*1 m￿j￿H*xp•n1I•d 919 129 014 10