Charity number: 1016022
## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION
Report of the Trustees and Unaudited Financial Statements
For the year ended 30 April 2023
JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION Contents Page For the year ended 30 April 2023
|Report of the Trustees|1 to 2|
|---|---|
|Independent Examiner's Report to the Trustees|3|
|Statement of Financial Activities|4|
|Statement of Financial Position|5|
|Notes to the Financial Statements|6 to 11|
|Detailed Statement of Financial Activities|12|
## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION Report of the Trustees
## For the year ended 30 April 2023
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 April 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
The charity is constituted under a trust deed dated 24 November 1992 and is a registered charity with number 1016022. The objectives of the charity as set out in the Declaration Of trust are:
## 1 The advancement of christian faith and
- 2 For the relief of people who are in hardship situations, distressed, aged, sick or disabled.
- 3 The promotion of fulfilment of such other charitable purposes beneficial to the community.
The charity was involved in christian outreach programmes designed to incvrease christian awareness and spread the gospel of our Lord Jesus Christ. Within the year, several community projects were undertaken notably on homeless issues and soup kitchen.
## **Objectives and aims**
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
## **ACHIEVEMENTS AND PERFORMANCE**
The trustees are pleased to report that the church continued to be successful spiritually by ministering to many people. The church has improved in membership strength and is increasingly reaching out to the community.
## Volunteers
Jubilee Christian centre relies heavily on volunteers for all the charitable and pastoral work. Without volunteers, the ministry estimates the staff cost to rise by £35,000.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, and a deed of trust .
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
**Name of Charity** JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION **Charity registration number** 1016022 **Principal address** 1 Penarth Street London SE15 1TX
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
## **Independent examiner**
Mrs PATRICIA WILLIAMS Mrs F EGBUJOR Mr CHUKWUDIKE GODWIN NGWU Mrs JANE IFEYINWA NNADI Ms JOYCE TURVEY EMMAN AND CO CHARTERED CERTIFIED ACCOUNTANTS 1 GOSCHEN HOUSE 68 PECKHAM ROAD LONDON SE5 8QE
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## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION Report of the Trustees Continued For the year ended 30 April 2023
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Mrs PATRICIA WILLIAMS
19 December 2023
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## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION Independent Examiners Report to the Trustees
## For the year ended 30 April 2023
I report to the trustees on my examination of the accounts of the charity for the year ended 30 April 2023.
## **Responsibilities and basis of report**
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiners 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 that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
EMMAN AND CO CHARTERED CERTIFIED ACCOUNTANTS
1 GOSCHEN HOUSE
68 PECKHAM ROAD LONDON SE5 8QE
19 December 2023
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## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION Statement of Financial Activities For the year ended 30 April 2023
|**Notes**
**Income and endowments from:**
Donations and legacies
2
Investments
3
**Total**
**Expenditure on:**
Charitable activities
4/5
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
50,489
6,651
**57,140**
(47,056)
**(47,056)**
**10,084**
80,158
**90,242**|**2022**
**£**
25,352
25,702|
|---|---|---|
|||**51,054**|
|||(43,706)|
|||**(43,706)**|
|||**7,348**
72,810|
|||**80,158**|
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## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION
## Statement of Financial Position
## As at 30 April 2023
|**Notes**
**Fixed assets**
Tangible assets
10
**Current assets**
11
Debtors: amounts falling due within one year
Debtors: amounts falling due after more than one year
11
Cash at bank and in hand
**Creditors: amounts falling due within one year**
12
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
13
**Net assets**
**The funds of the charity**
Unrestricted income funds
14
**Total funds**|**£**
**2023**
306,783
**306,783**
20,559
-
111,534
**132,093**
(4,898)
**127,195**
**433,978**
(343,736)
**90,242**
90,242
**90,242**|**£**
**2022**
319,765|
|---|---|---|
|||**319,765**|
|||20,559
15,000
87,469|
|||**123,028**|
|||(3,899)
**119,129**|
|||**438,894**|
|||(358,736)|
|||**80,158**|
|||80,158|
|||**80,158**|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mrs PATRICIA WILLIAMS Trustee 19 December 2023
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## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION Notes to the Financial Statements
For the year ended 30 April 2023
## **1. Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.
JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **Incoming resources**
All incoming resources are included in the statement of financial activities on the basis of actual amount received by the the Charity during the year. The following specific policies are applied to particular categories of income:
- Investment income is included when received.
- Incoming resources from tithes and offerings are accounted for when received.
## **Donated services and facilities**
Donated services and facilities are included at the value to the charity where this can bec quantified.
## **Resources expended**
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
## **Charitable activites**
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for the poor and needy. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Tangible fixed assets**
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings 4% Reducing balance Plant and machinery 25% Reducing balance Computer equipment 25% Reducing balance Motor vehicles 25% Reducing balance Fixtures and fittings 25% Reducing balance
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## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION Notes to the Financial Statements Continued
For the year ended 30 April 2023
## **2. Income from donations and legacies**
|**Unrestricted funds**
Donations received
Grants received
**nvestment income**
**Unrestricted funds**
Income from investment
properties
Bank interest receivable
**osts of charitable activities by fund type**
**Unrestricted funds**
Christian outreach programmes
Support costs|**2023**
**£**
44,107
6,382
**50,489**
**2023**
**£**
6,605
46
**6,651**
**2023**
**£**
15,308
31,748
**47,056**|**2022**
**£**
25,352
-|
|---|---|---|
|||**25,352**|
|||**2022**
**£**
25,700
2|
|||**25,702**|
|||**2022**
**£**
20,536
23,170|
|||**43,706**|
## **3. Investment income**
## **4. Costs of charitable activities by fund type**
## **5. Costs of charitable activities by activity type**
||**Grant**|**Support**|**2023**|**2022**|
|---|---|---|---|---|
||**funding of**|**costs**|||
||**activities**||||
||**£**|**£**|**£**|**£**|
|**Support costs**|||||
|Christian outreach programmes|15,308|31,748|47,056|43,706|
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## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION
## Notes to the Financial Statements Continued
For the year ended 30 April 2023
## **6. Analysis of support costs**
|**Christian outreach programmes**
Management
Costs are allo
Finance
Costs are allo
**et income/(expenditure) for the year**
This is stated after charging/(crediting):
Depreciation of owned fixed assets
**articulars of employees**
Part time staff|**2023**
**£**
16,618
15,130
**31,748**
**2023**
**£**
12,982
**2023**
0
**0**|**2022**
**£**
7,867
15,303|
|---|---|---|
|||**23,170**|
|||**2022**
**£**
13,589|
|||**2022**
0|
|||**0**|
## **7. Net income/(expenditure) for the year**
## **8. Particulars of employees**
## **9. Comparative for the Statement of Financial Activities**
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION
## Notes to the Financial Statements Continued
For the year ended 30 April 2023
## **10. Tangible fixed assets**
|**Cost or valuation**
At 01 May 2022
At 30 April 2023
**Depreciation**
At 01 May 2022
Charge for year
At 30 April 2023
**Net book values**
At 30 April 2023
At 30 April 2022|**Land and**
**buildings**
**£**
582,154
**582,154**
263,300
12,754
**276,054**
**306,100**
**318,854**|**Motor**
**vehicles**
**£**
14,200
**14,200**
14,156
11
**14,167**
**33**
**44**|**Fixtures and**
**fittings**
**£**
43,769
**43,769**
43,111
164
**43,275**
**494**
**658**|**Computer**
**equipment**
**£**
1,495
**1,495**
1,286
53
**1,339**
**156**
**209**|**Total**
**£**
641,618|
|---|---|---|---|---|---|
||||||**641,618**|
||||||321,853
12,982|
||||||**334,835**|
||||||**306,783**|
||||||**319,765**|
## **11. Debtors**
|**Amounts due within one year:**
Other debtors
**Amounts due after more than one year:**
Trade debtors|**2023**
**£**
20,559
**20,559**
-
**-**|**2022**
**£**
20,559|
|---|---|---|
|||**20,559**|
|||15,000|
|||**15,000**|
## **12. Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Trade creditors
Accruals and deferred income|**2023**
**£**
(2)
4,900
**4,898**|**2022**
**£**
(1)
3,900|
|||**3,899**|
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## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION
## Notes to the Financial Statements Continued
## For the year ended 30 April 2023
## **13. Creditors: amounts falling due after more than one year**
|**2023**
**£**
Loans and overdrafts
343,736
**343,736**
The following liabilities disclosed under creditors falling due after more than one year are secured by the charity:
Bank loans and overdrafts
318,736
**318,736**|**2022**
**£**
358,736|
|---|---|
||**358,736**|
||318,736|
||**318,736**|
## **14. Movement in funds**
## **Unrestricted Funds**
|**Unrestricted Funds**|||||
|---|---|---|---|---|
|_General_
General
**Unrestricted Funds - Previous year**
_General_
General|**Balance at**
**01/05/2022**
**£**
80,158
**80,158**
**Balance at**
**01/05/2021**
**£**
72,810
**72,810**|**Incoming**
**resources**
**£**
57,140
**57,140**
**Incoming**
**resources**
**£**
51,054
**51,054**|**Outgoing**
**resources**
**£**
(47,056)
**(47,056)**
**Outgoing**
**resources**
**£**
(43,706)
**(43,706)**|**Balance at**
**30/04/2023**
**£**
90,242|
|||||**90,242**|
|||||**Balance at**
**30/04/2022**
**£**
80,158|
|||||**80,158**|
## **Purpose of unrestricted Funds**
## General
To promote Christian outreach programmes
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## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION Notes to the Financial Statements Continued For the year ended 30 April 2023
## **15. Analysis of net assets between funds**
|**Unrestricted funds**
_General_
General
**Previous year**
**Unrestricted funds**
_General_
General|**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Creditors >**
**one year**
**Net Assets**
**£**
**£**
**£**
**£**
306,783
127,195
(343,736)
90,242|
|---|---|
||**306,783**
**127,195**
**(343,736)**
**90,242**|
||**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Creditors >**
**one year**
**Net Assets**
**£**
**£**
**£**
**£**
319,765
119,129
(358,736)
80,158|
||**319,765**
**119,129**
**(358,736)**
**80,158**|
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## JUBILEE CHRISTIAN CENTRE & MINISTERIAL ASSOCIATION Detailed Statement of Financial Activities
For the year ended 30 April 2023
|**INCOME AND ENDOWMENT**
**Donations and legacies**
Tithes and offerings
Gift aid
**Investments**
Income from investment properties
Bank interest receivable
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Cost of grant funded charitable activity
**SUPPORT COSTS**
**Management**
Management
**Finance**
Finance
**Total resources expended**
**Net Income**|**£**
**2023**
44,107
6,382
**50,489**
6,605
46
**6,651**
**57,140**
(15,308)
**(15,308)**
(16,618)
**(16,618)**
(15,130)
**(15,130)**
**(47,056)**
**10,084**|**£**
**2022**
25,352
-|
|---|---|---|
|||**25,352**
25,700
2|
|||**25,702**|
|||**51,054**
(20,536)|
|||**(20,536)**
(7,867)|
|||**(7,867)**
(15,303)|
|||**(15,303)**|
|||**(43,706)**|
|||**7,348**|
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This page does not form part of the statutory financial statements