2025-06-30-accounts - J29 Project Ltd

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Registered number NI653491 Charity number NIC107583

J29 Project Ltd

Report and Accounts for the year ended 30 June 2025

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 Lena Bambrick Jane Carr (resigned 31 May 2025) Hilary Leathem (resigned 8 November 2024) Judith Beresford (appointed 1 June 2025) Gerald De Souza (appointed 1 June 2025) Emma Hull (appointed 1 June 2025) Lauren Porter (appointed 1 June 2025)

Secretary

Neil Adair (appointed 1 December 2025)

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

J29 Project Ltd Registered number: NI653491 Trustees' Report

The trustees present their report and accounts for the year ended 30 June 2025.

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 six trustees who all participate in the day to day running of the business.

Mike Bambrick

Lena Bambrick

Jane Carr (resigned 31 May 2025) Hilary Leathem (resigned 8 November 2024) Judith Beresford (appointed 1 June 2025) Gerald De Souza (appointed 1 June 2025) Emma Hull (appointed 1 June 2025) Lauren Porter (appointed 1 June 2025)

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 20 March 2026 and signed on its behalf.

Mike Joseph Bambrick Trustee

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 2025, 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

20 March 2026

J29 Project Ltd Statement of Financial Activities for the year ended 30 June 2025

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 2024 Transfers between funds Fund balance at 30 June 2024	2025 Unrestricted Funds £ 105,892 1,144 104,748 87,355 17,393 17,393 14,364 - 31,757	2025 Restricted Funds £ 53,654 17,445 36,209 32,400 3,809 3,809 39,908 - 43,717	2025 Total £ 159,546 18,589 140,957 119,755 21,202 21,202 54,272 - 75,474	2024 Total £ 86,756 23,043 63,713 103,823 (40,110) (40,110) 94,382 - 54,272

J29 Project Ltd Registered number: Balance Sheet as at 30 June 2025

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	2025 £ 10,422 987 67,334 68,321 (3,269) 65,052 75,474 31,757 43,717 75,474	2024 £ 11,840 - 45,132 45,132 (2,700) 42,432 54,272 14,364 39,908 54,272

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:

Mike Joseph Bambrick Trustee

Approved by the board on 20 March 2026

J29 Project Ltd Notes to the Accounts for the year ended 30 June 2025

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 Leasehold improvements

20% reducing balance 20% reducing balance

J29 Project Ltd Notes to the Accounts for the year ended 30 June 2025

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 Leasehold property £ Cost At 1 July 2024 - Additions 1,188 At 30 June 2025 1,188 Depreciation - At 1 July 2024 - Charge for the year 238 At 30 June 2025 238 - Net book value At 30 June 2025 950 At 30 June 2024 -	2025 Number 4 Furniture & equipment £ 33,653 - 33,653 21,813 2,368 24,181 9,472 11,840	2024 Number 4 Total £ 33,653 1,188 34,841 21,813 2,606 24,419 10,422 11,840

J29 Project Ltd Notes to the Accounts for the year ended 30 June 2025

5 Debtors Accrued Income Other debtors 6 Creditors: amounts falling due within one year Accruals Trade creditors Taxation and social security costs Other creditors 7 Statement of Funds At 30/06/2024 £ General Reserves 14,364 Total Unrestricted funds 14,364 Restricted Reserves 39,908 Total Restricted Reserves 39,908 Restricted reserves: Donation Rosehip food - John Moore's Foundation - Compassion family support 19,189 Arbour Housing - ABC Council - Thompson Grant 2,957 Halifax 4,000 Benefact for staff costs 7,382 Clanmill Housing - Small Capital Grant 2,100 All Churches re Basement 3,681 Co-Operation Ireland - heaters 2020 461 Fixed assets 2019 138 Trusthouse Grant - Joseph Rank Trust - Arbour Summer 25 Grant - Total restricted funds 39,908	Income £ 105,892 105,892 53,654 53,654 - 2,940 700 10,150 4,000 - - 7,384 1,850 - - - - 10,000 12,500 4,130 53,654	2025 £ 622 365 987 2025 £ 1,305 1,303 649 12 3,269 Expenditure £ (88,499) (88,499) (49,845) (49,845) - (735) (1,438) (10,150) (4,000) - (4,000) (8,669) (1,850) - (1,016) (92) (138) (5,000) (12,500) (257) (49,845)	2024 £ - - - 2024 £ 1,938 - 762 - 2,700 Transfers At 30/06/2025 £ £ - 31,757 - 31,757 - 43,717 - 43,717 - - - 2,205 - 18,451 - - - - - 2,957 - - - 6,097 - - - 2,100 - 2,665 - 369 - - - 5,000 - - - 3,873 - 43,717

J29 Project Ltd Notes to the Accounts for the year ended 30 June 2025

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

J29 Project Ltd

Detailed profit and loss account for the year ended 30 June 2025

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 Programme costs Family support Supplies Overhead costs Salaries Pension contributions Staff training & recruitment Travel Repairs, maintenance & cleaning Insurance Heat & light Rent & rates Printing & stationery Subscriptions Postage Marketing & Advertising Telephone and fax Computer costs Equipment Expensed Accountancy fees Volunteer refreshments and vouchers Bank interest and charges Depreciation Charitable expenditure Total resources expended	2025 Unrestricted Funds £ 48,918 11,437 45,468 105,823 69 105,892 105,892 1,144 - - 1,144 57,885 2,169 132 416 2,359 2,239 4,263 6,033 668 746 213 117 1,399 - 5,165 2,049 119 25 1,358 87,355 88,499	2025 Restricted Funds £ - - 53,654 53,654 - 53,654 53,654 16,007 1,438 - 17,445 14,086 - - - - 700 3,702 11,966 - - - - 300 - - 400 - - 1,246 32,400 49,845	2025 Total £ 48,918 11,437 99,122 159,477 69 159,546 159,546 17,151 1,438 - 18,589 71,971 2,169 132 416 2,359 2,939 7,965 17,999 668 746 213 117 1,699 - 5,165 2,449 119 25 2,604 119,755 138,344	2024 Total £ 41,922 2,714 42,072 86,708 48 86,756 86,756 16,907 5,750 386 23,043 66,000 1,922 1,479 781 3,470 1,126 4,912 15,600 368 660 76 - 1,610 42 970 1,656 165 26 2,960 103,823 126,866