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
1
**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
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 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:
1. That the accounting records were not kept in accordance with section 386 of the Companies Act
2006
2. That the accounts do not accord with those accounting records
3. 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
4. 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
3
## **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|
|---|---|---|---|---|
4
**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
5
## **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
6
## **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|
|---|---|---|
7
## **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|
|---|---|---|---|
8
**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
9
## **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|
|---|---|---|---|---|
10