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REGISTERED COMPANY NUMBER: 02920267 (England and Wales)
REGISTERED CHARITY NUMBER: 1037073














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31st March 2024

for

Jackdaws Educational Trust

Jackdaws Educational Trust






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Report of the Trustees 1 to 5

Independent Examiner's Report 6

Statement of Financial Activities 7

Balance Sheet 8 to 9

Notes to the Financial Statements 10 to 17

Jackdaws Educational Trust (Registered number: 02920267)

Report of the Trustees
for the Year Ended 31st March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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)

OBJECTIVES AND ACTIVITIES
Objectives and Activities
Core ValuesAccess, Inclusion and Inspiration.
Mission StatementTo enable creative expression by Bringing Music to Life.

Jackdaws is dedicated to improving and extending participation in and the enjoyment of music and the arts, through active, innovative projects, believing that this can positively change people's lives. In June 2023 Jackdaws celebrated its 30th Anniversary.


Jackdaws Educational Trust (Registered number: 02920267)

Report of the Trustees
for the Year Ended 31st March 2024


OBJECTIVES AND ACTIVITIES
Significant activities
WEEKEND MUSIC COURSES

During the year Jackdaws offered a programme of weekend music courses for adult amateur and professional musicians at every level of attainment. The weekends featured courses for pianists, singers, string and wind players, together with some ensemble courses, with some eminent course leaders from across the industry. In total Jackdaws offered 46 courses which attracted enthusiastic participants both young and old, new and regular attendees. The overwhelming feedback from participants praised the quality of the courses and the supportive atmosphere at Jackdaws as well as the beautiful location and the fantastic food.

EDUCATION AND OUTREACH PROGRAMME

In addition to the year-round programme for adult musicians, Jackdaws ran a wide-ranging roster of educational and outreach events for young people throughout Somerset. Jackdaws is a lead partner for Sound Foundation Somerset, the Somerset music hub and specialises in running large scale projects to inspire children and young people, through the opportunity of performing with talented young professionals in art forms that may be new to them such as opera. The full programme of projects took place this year involving over 3000 young Somerset residents. These projects received funding from the Somerset music hub - Sound Foundation Somerset, the Arts Council of England and a number of private Trusts.

Opera Plus
April 2023

Opera Plus is a project designed to introduce children to opera and it is often their first experience of the art form. Directed by Jackdaws' Artistic Director, Saffron Van Zwanenberg, the company of young professional singers plus a pianist create a production of a well known opera. They then run workshops in schools about the work and rehearse the children in their role which they perform as part of a performance for parents later in the term.
This year's production was the Barber of Seville, renamed The Stylist of Somerset and 400 children took part in some of the most rural and deprived parts of Somerset.

Song Story
July 2023
A Bizet Bonanza!

Song Story is a project for Somerset SEND schools and a team of director, musician, singer and actor work with the schools to develop and perform a work for their fellow school pupils and parents. This year's project involved 4 schools and 100 children with very wide-ranging abilities on a show based on Bizet.

Summer Production
August 2023

The Summer Production is a week-long project for 20 teenagers at the start of the summer who create a show from scratch which they perform on the Friday. They are given a choice of works by a range of authors, designers and composers and then choose three to use as the basis of the production. This year the group chose to perform The Knight of the Burning Pestle, with music inspired by Hans Zimmer and art inspired by Arthur Wallis. Three children also took their bronze Arts Award qualification as part of the project.

Year of the Recorder
March 2024


Jackdaws Educational Trust (Registered number: 02920267)

Report of the Trustees
for the Year Ended 31st March 2024


OBJECTIVES AND ACTIVITIES
The Year of ... project is designed to build on children's experience of whole class music tuition by introducing them to a specific instrument, This year it was the year of the recorder with Anna Stegmann and Tabea Debus. It took place in Frome and its surrounding towns and villages, They visited 12 schools, giving a performance to the whole school and running a workshop for those pupils at the school who were learning an instrument. A thousand children took part, ending with a finale performance in the Cheese and Grain in Frome, in March.

Jacks Music Club
Year Round

Jackdaws' weekly music club for teenagers meets every Friday during term time and participants have the opportunity to work with a diverse range of local tutors and also with those tutors visiting Jackdaws to lead the weekend music courses. The weekly sessions encourage ensemble playing in an informal and social setting.

The Maureen Lehane Vocal Award
30 June 2023

The 30th Maureen Lehane Vocal Awards took place in June. The awards recognize potential talent amongst young singers under the age of 30. Following preliminary auditions eight young singers took part in the final at the Wigmore Hall on 30 June before a judging panel of Saffron van Zwanenberg (Chair), Sarah Fox, Ben Johnson and Gary Mathewman. The winners were Lexie Moon and Natasha Page (Joint 1st Prize), Ed Birchinall (2nd Prize), Archie Bonham (Accompanist Prize). Ceferina Penny (Audience Prize).

FINANCIAL REVIEW
Financial position
In common with most arts organisations, Jackdaws treads a fine line to survive financially and in 2023 was hit with a large, unexpected expense - the need to replace the septic tank with a new water treatment plant. The cost was just under £20,000. An appeal to raise these funds was launched in November 2023 and by the end of February 2024, our supporters and participants had donated the funds necessary to carry out the work. We are extremely grateful to everyone for their support.

We would also like to thank the Trusts and individuals who have donated funds for projects this year, which has supported the funding received from the Arts Council and Sound Foundation Somerset, including The Chelsea Square 1994 Trust and the Rosemary Bugden Trust.

Investment policy and objectives
The trustees consult with the professional advisors of the Trust where appropriate to ensure maximum growth in capital on any investments, which the trust holds.

Reserves policy
The trustees are aiming towards retaining reserves which will underwrite the operation of Jackdaws for six months.

The Trust continued to run courses in the year from Jackdaws. It plans to run further such courses during the forthcoming year.


Jackdaws Educational Trust (Registered number: 02920267)

Report of the Trustees
for the Year Ended 31st March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The trustees submit their report for the year ended 31st March 2024. This report is prepared in accordance with the Trust Deed and the recommendation of the Statement of Recommended Practice 2005 - Accounting and reporting by charities and complies with the applicable law.

Jackdaws was incorporated as a limited company on 19 April 1994

It is governed by a trust deed. Jackdaws is governed by a Board of Trustees (Currently 6 in number) to whom the Artistic Director and Development Manager report on a regular basis at Trustee meetings which are held at Jackdaws at least twice a year and more frequently if required. The Trustees take advice from professionals and other advisers when required.

Recruitment and appointment of new trustees
The board of trustees appoints new trustees as appropriate. New trustees receive induction and training for their role by meeting with the Chairman, current trustees, senior staff and Jackdaws' accountant who advises on the role of the trustees and legal requirements.

Risk management
The trustees have assessed the major risks to which the charity is exposed, in particular to those related to the operations and finance of the Trust and are satisfied that systems are in place to mitigate our exposure to major risk.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02920267 (England and Wales)

Registered Charity number
1037073

Registered office
Jackdaws
Great Elm
Frome
Somerset
BA11 3NY

Trustees
A Burgess
M Fontanals-Simmons (appointed 19/4/2024)
D M Hunter
N Kirkman
E Talman
M P Tanner

Company Secretary
K A Meadows

Independent Examiner
Niall O'Driscoll
Probusiness Ltd
St Lawrence Lodge
37 Chamberlain Street
Wells
Somerset
BA5 2PQ

Jackdaws Educational Trust (Registered number: 02920267)

Report of the Trustees
for the Year Ended 31st March 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
HSBC
24 Market Place
Frome
Somerset
BA11 1AJ

Approved by order of the board of trustees on 19th November 2024 and signed on its behalf by:





D M Hunter - Trustee

Independent Examiner's Report to the Trustees of
Jackdaws Educational Trust

Independent examiner's report to the trustees of Jackdaws Educational Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Niall O'Driscoll

Probusiness Ltd
St Lawrence Lodge
37 Chamberlain Street
Wells
Somerset
BA5 2PQ

19th November 2024

Jackdaws Educational Trust

Statement of Financial Activities
for the Year Ended 31st March 2024

31/3/24 31/3/23
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations, Legacies and Grants 2 33,260 4,749 38,009 25,414

Charitable activities
Courses 129,181 - 129,181 105,086
Concerts and Events - 51,849 51,849 50,619
Outreach Ticket Sales - 394 394 2,717
Maureen Lehane Vocal Awards - 3,470 3,470 -
Hire of Building 4,529 - 4,529 -

Investment income 3 9,489 - 9,489 9,266
Total 176,459 60,462 236,921 193,102

EXPENDITURE ON
Charitable activities
Concerts and Events - 36,917 36,917 33,494
Maureen Lehane Vocal Awards - 8,231 8,231 -
Courses 73,256 - 73,256 67,567
Wages 34,397 18,521 52,918 41,188

Other 51,880 15,680 67,560 69,837
Total 159,533 79,349 238,882 212,086

NET INCOME/(EXPENDITURE) 16,926 (18,887 ) (1,961 ) (18,984 )


RECONCILIATION OF FUNDS
Total funds brought forward 121,641 369,924 491,565 510,549

TOTAL FUNDS CARRIED FORWARD 138,567 351,037 489,604 491,565

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

Jackdaws Educational Trust (Registered number: 02920267)

Balance Sheet
31st March 2024

31/3/24 31/3/23
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 129,068 78,454 207,522 218,592

CURRENT ASSETS
Debtors 10 120,403 284,872 405,275 377,076
Cash at bank 14,544 22,817 37,361 56,687
134,947 307,689 442,636 433,763

CREDITORS
Amounts falling due within one year 11 (29,587 ) (35,106 ) (64,693 ) (66,146 )

NET CURRENT ASSETS 105,360 272,583 377,943 367,617

TOTAL ASSETS LESS CURRENT
LIABILITIES

234,428

351,037

585,465

586,209

CREDITORS
Amounts falling due after more than one year 12 (95,861 ) - (95,861 ) (94,644 )

NET ASSETS 138,567 351,037 489,604 491,565
FUNDS 14
Unrestricted funds:
General fund 118,567 101,641
Property Repairs and Maintenance 20,000 20,000
138,567 121,641
Restricted funds 351,037 369,924
TOTAL FUNDS 489,604 491,565

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.



Jackdaws Educational Trust (Registered number: 02920267)

Balance Sheet - continued
31st March 2024

The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 19th November 2024 and were signed on its behalf by:





D M Hunter - Trustee

Jackdaws Educational Trust

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs
All costs are allocated between the expenditure categories of SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, other are apportioned on an appropriate basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



- 15% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. DONATIONS, LEGACIES AND GRANTS
31/3/24 31/3/23
£    £   
Friends Subscriptions 6,614 6,790
Donations 4,145 976
Grant Income 27,250 17,648
38,009 25,414

3. INVESTMENT INCOME
31/3/24 31/3/23
£    £   
Deposit account interest 311 88
Loan Interest 9,178 9,178
9,489 9,266

4. SUPPORT COSTS
Information Governance
Management technology Premises costs Totals
£    £    £    £    £   
Other resources expended 24,427 17,923 13,904 2,529 58,783
Wages 10,583 - - - 10,583
35,010 17,923 13,904 2,529 69,366

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31/3/24 31/3/23
£    £   
Depreciation - owned assets 11,070 11,154

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

7. STAFF COSTS

The average monthly number of employees during the year was:- 31/03/24 31/03/23
3 3

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations, Legacies and Grants 22,114 3,300 25,414

Charitable activities
Courses 105,086 - 105,086
Concerts and Events - 50,619 50,619
Outreach Ticket Sales - 2,717 2,717

Investment income 9,266 - 9,266
Total 136,466 56,636 193,102

EXPENDITURE ON
Charitable activities
Concerts and Events - 33,494 33,494
Courses 67,567 - 67,567
Wages 26,772 14,416 41,188

Other 51,079 18,758 69,837
Total 145,418 66,668 212,086

NET INCOME/(EXPENDITURE) (8,952 ) (10,032 ) (18,984 )


RECONCILIATION OF FUNDS
Total funds brought forward 130,593 379,956 510,549

TOTAL FUNDS CARRIED FORWARD 121,641 369,924 491,565

Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

9. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1st April 2023 and 31st March 2024 268,830 31,110 299,940
DEPRECIATION
At 1st April 2023 52,346 29,002 81,348
Charge for year 10,754 316 11,070
At 31st March 2024 63,100 29,318 92,418
NET BOOK VALUE
At 31st March 2024 205,730 1,792 207,522
At 31st March 2023 216,484 2,108 218,592

10. DEBTORS
31/3/24 31/3/23
£    £   
Amounts falling due within one year:
Other debtors 21,659 2,637
Amounts falling due after more than one year:
Jackdaws (Coach House) Limited 383,616 374,439

Aggregate amounts 405,275 377,076

The debtor relates to money owed by Jackdaws (Coach House) Limited in relation to The Coach House building.


Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts (see note 13) 4,533 8,540
Social security and other taxes 754 761
Accrued expenses 1,800 9,095
Deferred Income 57,606 47,750
64,693 66,146

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans (see note 13) 95,861 94,644

13. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£    £   
Amounts falling due within one year on demand:
Bank loans 4,533 8,540
Amounts falling between one and two years:
Bank loans - 1-2 years 4,885 8,540
Amounts falling due between two and five years:
Bank loans - 2-5 years 17,050 25,620
Amounts falling due in more than five years:

Repayable by instalments:
Bank loans more 5 yr by instal 73,926 60,484

14. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 101,641 16,926 118,567
Property Repairs and Maintenance 20,000 - 20,000
121,641 16,926 138,567
Restricted funds
Restricted Fund 369,924 (18,887 ) 351,037

TOTAL FUNDS 491,565 (1,961 ) 489,604

Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 176,459 (159,533 ) 16,926

Restricted funds
Restricted Fund 60,462 (79,349 ) (18,887 )

TOTAL FUNDS 236,921 (238,882 ) (1,961 )


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 110,593 (8,952 ) 101,641
Property Repairs and Maintenance 20,000 - 20,000
130,593 (8,952 ) 121,641
Restricted funds
Restricted Fund 379,956 (10,032 ) 369,924

TOTAL FUNDS 510,549 (18,984 ) 491,565

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 136,466 (145,418 ) (8,952 )

Restricted funds
Restricted Fund 56,636 (66,668 ) (10,032 )

TOTAL FUNDS 193,102 (212,086 ) (18,984 )

Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.22 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 110,593 7,974 118,567
Property Repairs and Maintenance 20,000 - 20,000
130,593 7,974 138,567
Restricted funds
Restricted Fund 379,956 (28,919 ) 351,037

TOTAL FUNDS 510,549 (20,945 ) 489,604

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 312,925 (304,951 ) 7,974

Restricted funds
Restricted Fund 117,098 (146,017 ) (28,919 )

TOTAL FUNDS 430,023 (450,968 ) (20,945 )

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2024.


Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

16. ULTIMATE CONTROLLING PARTY

The charity is controlled by the trustees.