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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1023505

JUBILEE CHURCH SHEPPERTON

Report of the Trustees and Financial Statements for the year ended 31 December 2023

Jubilee Church Shepperton

Contents of the Financial Statements for the year ended 31 December 2023

Page
Report of the Trustees 1
Independent Examiner’s report to the Trustees 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 17

Jubilee Church Shepperton Report of the Trustees for the year ended 31 December 2023

The Trustees present their report with the financial statements of the charity for the year ending 31 December 2023. The financial statements comply with the Charities Act 2011 and 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).

REFERENCE AND ADMINISTRATIVE DETAILS

Charity name Other names the charity uses Registered charity number Charity’s principal address

Shepperton Community Church Jubilee Church Shepperton Debtscape Shepperton 1023505 The Jubilee Centre Manygate Lane Shepperton Middlesex TW17 9EE

Names of the charity Trustees who manage the charity: Mr T Cowles Resigned 27June 2024 Mrs J Jones Ms L McLaren Appointed 11 December 2023 Mr C Satterthwaite Appointed 24 April 2023, Chair from 24 April 2023 resigned 15 August 2024 K Saynor Appointed 07 May 2024 Mrs P Cobban Appointed 30 July 2024 Mr R Fry Appointed 30 July 2024

Principal Bankers Santander Corporate Account Management 8[th] Floor East Admin Block Bridle Road Bootle Merseyside, GIR 0AA

Solicitors

Graham Pearce Pearcelegal 2 The Square Solihull West Midlands, B9 1RB

Independent Examiner

L A Evans BSc FCA Stewart & Co Chartered Accountants LLP Knoll House Knoll Road Camberley, GU15 3SY

1

Jubilee Church Shepperton Report of the Trustees for the year ended 31 December 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity

Shepperton Community Church was registered under a Deed of Trust on 7 July 1993 with the registration number 1023505 originally with the name Shepperton Christian Fellowship. The name Shepperton Community Church was adopted in April 1995. In the autumn of 2009, the Charity Commission approved the use of the working name Jubilee Church Shepperton and in October 2012 approved the additional working name of Debtscape Shepperton. The Deed of Trust was amended with a Supplemental Deed of Trust on 1 October 2013. Jubilee Church Shepperton is part of Commission, a Sphere of the Newfrontiers family of churches, and a member of the Evangelical Alliance.

Recruitment, induction, and training of new Trustees

The Trust Deed specifies that all Trustees are appointed by the Elders. Trustees attend training courses when suitable courses are identified. They also receive copies of the Charity Commission News when they are published.

Trust Management

Within the church the primary decision-making body is the Eldership, and it is the role of the Trustees to implement their policy whilst ensuring that at all times adherence to the requirements of both the Trust Deed and relevant legislation is maintained. The Elders together govern the church, and the Trustees implement the policy decisions of the Elders. Mr D Webb-Peploe and Mrs J Jones are the only remunerated Trustees.

Risk management

The Trustees regularly review the risks associated with the charity. Financially this is achieved by setting an annual budget for unrestricted funds. The Trustees use budget holders for different areas of the church to assist in the budget setting and monitoring process. However, the ultimate responsibility still lies with the Elders and Trustees.

The financial position of the Trust is regularly reviewed by means of the treasurer providing the Trustees and Elders with management accounts of both spend against budget and income figures on a monthly basis. The Trustees have a number of policy documents in place to manage the charity and premises, these are currently being reviewed and updated. General risks are covered with two insurance policies. The first is a general insurance policy designed for churches without premises (in addition Thamesmead School provides insurance cover for the building) which includes Trustees’ Liability Insurance which provides a limit of indemnity of £100,000. This insurance policy is with Ansvar Insurance. There is also a Professional Indemnity Insurance policy with Markel International Insurance Company Limited which provides a Professional Indemnity limit of indemnity of £1,000,000 and Management Liability limit of indemnity of £500,000 to cover the work of Debtscape Shepperton. (Although Debtscape closed in October 2021 we are required to hold run off insurance for 7 years)

The Trustees undertake a Health and Safety survey of the premises regularly. We have reviewed the data protection legislation and are registered with the ICO for the work of Debtscape Shepperton and the Church. We have a Safeguarding Lead and Deputy Safeguarding Lead who are both members of the church, and not Trustees. The church continues to be a member of thirtyone:eight. The church continues with its policy of DBS checks for all children and youth workers and for those working with vulnerable adults. There was also a requirement that all Debt Advisors with Debtscape Shepperton were checked. We check all new workers and existing workers; trustees and Elders are rechecked regularly.

Since March 2020 we have experienced the effects of the COVID-19 pandemic. The majority of our income is received by Standing Orders and BACS payments, some income that was previously received via the collection baskets on Sunday mornings moved to being sent by BACS or Standing Orders. Towards the end of 2021 this began to impact on our income as people moved churches following the lifting of restrictions. Trustees therefore took the decision to temporarily reduce the hours of the Lead Elder and Youth and Children’s Coordinator by 1 day a week from January 2022 and from June 2022 the Treasurer and Communications Coordinator’s hours were also reduced by 1 day a week to reduce staffing costs. The Treasurer resigned in August 2023 and the role was taken over on voluntary basis. Should the situation change further we have sufficient reserves to enable us to continue with our objectives for several months, this is being kept under regular review by trustees.

Public Benefit

We continue to review the activities of the church in order to identify ways in which we can provide a greater service to the community in which it is situated.

Although there has been an impact on our activities since March 2020 the church has continued to provide public benefit in numerous ways which include the following activities: -

2

Jubilee Church Shepperton Report of the Trustees for the year ended 31 December 2023

Public Benefit (continued)

In these ways, the Trustees have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to the guidance issued by the charity Commission in respect of public benefit.

OBJECTIVES AND ACTIVITIES

Objectives and aims

During the last year, the church has continued to fulfil the objectives of the charity, which are:

Significant activities

These objectives have been achieved by holding regular weekly worship services on Sunday mornings.

Small group meetings take place mid-week, the majority of groups meet in person with a minority preferring to use online means. These give members of the church opportunities to worship God and to be taught the Christian faith. The proclamation of the Gospel to non-believers has been undertaken through the church services, small group meetings, outreach events including a programme of social action and, in particular, through Alpha courses. Alpha courses enable non-believers, or those on the threshold of faith, to learn about issues of faith and to bring their own questions and voice their personal concerns in a non-threatening atmosphere. Bags of Food, has been a significant activity within the local community since 2020.

There are currently four small groups, which give opportunity for members to explore faith further, to develop closer relationships within the church and to provide another forum through which to introduce non-Christian friends to the Gospel. One of these is for young people.

During the last year, the church has continued its activities within the local community. The Mother and Toddler group (Jublees) that runs one morning a week at The Jubilee Centre is managed by one of our church members who is a primary school teacher. The church also runs a support group for those with mental health issues (Oak Tree Café) and this is open to anyone in the local community.

The church has a Christmas Hamper project (Bags of Christmas), in December 2023 the church gave boxes to about 66 households in need in the local community. We were given Christmas food and luxuries by members of the church, the local community and local schools. Local businesses also supplied some donations of food and money. The boxes consisted of Christmas food and luxuries which the recipients may not have been able to afford. The recipients were mainly referrals from Bags of Food and local schools.

3

Jubilee Church Shepperton Report of the Trustees for the year ended 31 December 2023

Significant activities (continued)

Since March 2020 our Bags of Food project has served as the food bank for the TW17 area. This involves giving people, predominantly families, who are in need bags of food. Food is collected and delivered on a weekly basis with volunteers sorting and packing during the week. Food is given by members of the church as well as the local community with volunteers coming from within the community as well as the church. A local bakery also donates their leftover goods one day a week. Since the beginning of the Covid-19 pandemic, we have seen increased demand and support for this service. This demand is now continuing through the cost of living crisis. Bags of Food receives referrals from local schools, job centres, social services and other agencies. We have also received support in terms of donations of food, money and time from the local community, local groups and businesses which has enabled us to provide food and hygiene items to those in need.

From January to March 2023 we ran a Warm Hub in the Jubilee Centre. The lounge was open for 3 hours once a week and was open to anyone in the local community.

During 2023, arising out of the kindness of the Cavan Bakery who kindly donate surplus bread and cakes for collection and distribution at the Food Bank, the church started the Bread Café, a new venture to support local people who are lonely with refreshments and an opportunity to come and chat.

The Trustees agreed to our Lead Elder (Dave Webb-Peploe) taking a year’s Compassionate leave from 1st October 2022 until 30th September 2023. It was agreed that he will be paid 50% of his salary during this time. He has also stepped down as a Trustee during this time. Tim Cowles has stepped in as Lead Elder in a voluntary capacity and therefore does not receive a salary for this role, he formally stepped down in September 2023 as Lead Elder with the Elders sharing the responsibility pending the appointment of a new pastor (in 2024).

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Jubilee Church Shepperton continues with all the normal church activities as well as those listed as benefits to the community. The Mother and Toddler group (Jublees) continues to thrive. Oak Tree Café has grown and usually has 15 to 20 attendees each week. The church has a Christmas Hamper project (Bags of Christmas), in December 2023 the church gave boxes to about 66 households in need in the local community. The Bags of Food project has been very successful in meeting the needs of people and predominantly families who are in need in the local community by giving them bags of food. The Warm Hub had about 6 attendees. The Elders are always looking for new projects that will benefit the community, particularly where social justice is involved.

FINANCIAL REVIEW

The largest item of expenditure continues to be Ministry expenses, and these include gifts to visiting preachers. Expenditure on Ministry fees this year has been £41,898 (33.9%) of the church’s unrestricted income, mainly salaries for the Lead Elder (Mr D Webb-Peploe), Children’s Work Coordinator (Mrs J Jones) and Treasurer and Communications Coordinator (Mrs J Wilsher). Although these several of these stopped during the year.

The heading ‘Missionary and charitable giving’ shows £6,582 (5.5%) of the church’s unrestricted income was given to other organisations and individuals for the relief of poverty. The restricted funds under the heading ‘Missionary and wider gifts’ are specific gifts, which have been given in support of other charities and individuals. The only recipients of the unrestricted gifts were Commission. Commission is a family of churches in the UK and other nations led by Guy Miller and his team. It is passionate about planting churches, equipping the Saints, training leaders, reaching the unreached and caring for the poor with which the charity is associated, and which helps the development of like-minded churches throughout the world.

The premises continues to be a shared facility with Thamesmead School, which is using the main hall as a drama facility during school time, in return for which the land is leased to the charity at a nominal rent and we continue to be able to use the school classrooms rent-free on Sundays.

In addition, to minimise costs and risks associated with the building project, the Trust appointed Jubilee Centre Developments Limited (“JCDL”) as the development company to deliver the completed project to the Trust. This company is limited by share capital and registered in England and Wales. Mr D Webb-Peploe is the only director and shareholder. This company is no longer trading, having fulfilled its purpose and contract to the Trust. The church also has a further account known as New Covenant Trust. This account is for the benefit of the members if and when they face financial hardship. It is not a trust fund and is not related to the church’s trust funds, and accordingly, has not been included in these accounts.

4

Jubilee Church Shepperton Report of the Trustees for the year ended 31 December 2023

RESERVES POLICIES

The terms of the Trust Deed allow the Trustees to invest monies in stocks and shares or other investments or property. Alternatively, the monies may be left invested on deposit at a bank as the Trustees see fit. The major source of monies that the church has had at its disposal to invest during the last year has been the general funds. In these circumstances the Trustees have invested the money in a deposit account which currently gives the best rate for practical operations.

The church’s income reserves policy is to aim to have £10,000 of general funds available to meet current needs.

At the end of the reporting period, the church had £74,152 in unrestricted funds. In addition, the church had restricted funds totalling £522,256 consisting of the building fund of £473,682 the Bags of Food fund of £48,465 and the Christmas Hampers fund (Bags of Christmas) of £109.

RESPONSIBILITIES OF THE TRUSTEES

The charity's Trustees are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, and the applicable Charities (Accounts and Reports) Regulations. The Trustees are also responsible for safeguarding the assets of the charity and hence taking all reasonable steps for the prevention and detection of fraud and other irregularities.

BY ORDER OF THE TRUSTEES

.............................................

Christopher Satterthwaite

5

Independent Examiner’s Report to the Trustees of Jubilee Church Shepperton for the year ended 31 December 2023

Independent Examiner’s report to the Trustees of Jubilee Church Shepperton

I report on the accounts of the charity for the year ended 31 December 2023, which are set out on pages seven to sixteen.

Respective responsibilities of Trustees and Examiner

The charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

  1. examine the accounts under section 145 of the 2011 Act,

  2. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and

  3. to state whether particular matters have come to my attention.

Basis of Independent Examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent Examiner’s statement

In connection with my examination, no matter has come to my attention other than that disclosed below

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with section 130 of the 2011 Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act and the regulations made thereunder

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Your attention is to drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

No other matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

L A Evans BSc FCA Stewart & Co Chartered Accountants LLP Knoll House Knoll Road Camberley Surrey GU15 3SY

6

Jubilee Church Shepperton

Statement of Financial Activities for the year ended 31 December 2023

Statement of Financial Activities
Note
Unrestricted
£
INCOME
Donations and legacies
2
110,389
Income from charitable activities
3
-
Income from other trading activities
Other trading activities: Letting
8,811
Investment income
4
441
Other income
5
Solar panel – Feed-in tariff
3,848
TOTAL INCOME
123,489
EXPENDITURE
Expenditure on charitable activities:
6
(92,917)
TOTAL EXPENDITURE
(92,917)
NET EXPENDITURE AND NET
MOVEMENT IN FUNDS FOR THE YEAR
18
30,572
TRANSFERS BETWEEN FUNDS
-
RECONCILIATION OF FUNDS
Total Funds brought forward
43,580
TOTAL FUNDS CARRIED FORWARD
74,152		 2023
Restricted
Total funds
£
£
56,228
166,617
140
140
-
8,811
-
441
-
3,848
56,368
179,857
(30,862)
(123,779)
(30,862)
(123,779)
25,506
56,078
-
-
496,750
540,330
522,256
596,408		 2022
Total funds
£
130,490
13,563
4,328
40
1,150
149,571
(170,847)
(170,847)
(21,276)
-
561,606
540,330

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 9 to 16 form part of these financial statements

7

Jubilee Church Shepperton

Balance Sheet as at 31 December 2023

Balance Sheet
Note
Unrestricted
£
FIXED ASSETS
Tangible assets
15
3,803
TOTAL FIXED ASSETS
3,803
CURRENT ASSETS
Debtors
16
795
Cash at bank and in hand
20
74,977
TOTAL CURRENT ASSETS
75,772
LIABILITIES
Creditors falling due within one year
17
(5,423)
NET CURRENT ASSETS/(LIABILITIES)
70,349
TOTAL ASSETS LESS CURRENT
LIABILITIES
74,152
NET ASSETS
74,152
THE FUNDS OF THE CHARITY
Unrestricted income funds
18
74,152
Restricted income funds
18
-
TOTAL CHARITY FUNDS
74,152		 Restricted
£
473,682
473,682
-
48,574
48,574
-
48,574
522,256
522,256
-
522,256
522,256		 2023
2022
Total funds
Total funds
£
£
477,485
496,153
477,485
496,153
795
3,347
123,551
46,324
124,346
49,671
(5,423)
(5,494)
118,923
44,177
596,408
540,330
596,408
540,330
74,152
43,580
522,256
496,750
596,408
540,330		 2023
2022
Total funds
Total funds
£
£
477,485
496,153
477,485
496,153
795
3,347
123,551
46,324
124,346
49,671
(5,423)
(5,494)
118,923
44,177
596,408
540,330
596,408
540,330
74,152
43,580
522,256
496,750
596,408
540,330
496,153
3,347
46,324
49,671
(5,494)
44,177
540,330
540,330
43,580
496,750
540,330

The financial statements were approved and authorised for issue by the Board of Trustees on ________ and were signed on its behalf by:

………………………………………

………………………………………

The notes on pages 9 to 16 form part of these financial statements

8

Jubilee Church Shepperton

Notes to the Financial Statements for the year ended 31 December 2023

1. ACCOUNTING POLICIES

1.1 General information

The charity is a registered charity in England and Wales and is unincorporated. The Trustees are the members of the church named on page 1. The address of the principal office is The Jubilee Centre, Manygate Lane, Shepperton, Middlesex, TW17 9EE

1.2 Statement of Compliance

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

1.3 Basis of preparation

The objectives of the charity are to advance the Christian Religion, relieve poverty, hardship and distress, and to advance education. The charity 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).

The financial statements are prepared in sterling, which is the functional currency of the entity.

Monetary amounts within the financial statements are rounded to the nearest £.

1.4 Preparation of the accounts on a going concern basis

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The Trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements, and they are of the view that the level of reserves will support the charity going forward.

1.5 Significant judgements and estimates

In the opinion of the Trustees, no significant judgements or estimates were made during the preparation of the financial statements that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

1.6 Income

Income recognition

Income is recognised in the Statement of Financial Activities (SoFA) when:

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses.

Donations

Donations are only included in the SoFA when the general income recognition criteria are met.

Tax reclaims on donations and gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the Trustees’ annual report.

Income from interest

This is included in the accounts when receipt is probable, and the amount receivable can be measured reliably. Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.

9

Jubilee Church Shepperton

Notes to the Financial Statements for the year ended 31 December 2023

1. ACCOUNTING POLICIES ( continued )

1.7 Expenditure

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.

Governance and support costs

Support and governance costs incurred are apportioned across the charitable activities on a basis consistent with the use of resources.

Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Grants payable without performance conditions

Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.

1.8 Basic financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Financial assets held at amortised cost comprise cash at bank and in hand, together with other debtors. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes.

1.9 Tangible fixed assets

All assets costing more than £1,000 are capitalised and valued at historical cost.

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

Leasehold property - 2% on cost Fittings and equipment - 20% on cost Solar panels - straight line over 15 years

1.10 Taxation

The charity is a registered charity and is exempt under Part 11 of the Corporation Tax Act 2010 on its income and section 256 of the Taxation of Chargeable Gains Act 1992 on its capital gains.

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

1.8 Operating leases

Rentals payable under operating leases are charged against income on a straight-line basis over the lease term.

1.9 Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. Designated funds represent funds earmarked for specific reasons as decided by the Trustees. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 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.

1.10 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a maturity of one year from the date of acquisition or opening of the deposit or similar account.

1.11 Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

1.12 Pension costs

The charity operates a defined contribution pension scheme. Contributions payable for the year are charged to the SoFA in the period to which they relate.

10

Jubilee Church Shepperton

Notes to the Financial Statements for the year ended 31 December 2023

2.
DONATIONS AND LEGACIES
Unrestricted Restricted

Funds
Funds
£
£
Offerings and gifts
89,721
-
Income tax recoverable
20,668
-
Special collections and support
-
56,228
110,389
56,228		 Total FundsTotal Funds
2023
2022
£
£
89,721
90,847
20,668
22,276
56,228
17,367
166,617
130,490		 Total FundsTotal Funds
2023
2022
£
£
89,721
90,847
20,668
22,276
56,228
17,367
166,617
130,490
130,490

In 2022, £17,367 of donation income (analysed to special collections and support) related to restricted funds.

3. INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2023 2022
£ £ £ £
Youth, mission development, and other ministries - - - 256
Other charitable activities - - - 134
Bookstall - - - -
Guest Events - - - -
Children’s Theatre Group (Themba) - 140 140 13,173
- 140 140 13,563

In 2022, £13,173 of income from charitable activities related to restricted funds.

4.

5.

INVESTMENT INCOME
Unrestricted Restricted

Funds
Funds
£
£
Deposit account interest
441
-
441
-
OTHER INCOME
Unrestricted Restricted

Funds
Funds
£
£
Solar panel – Feed-in tariff
3,848
3,848
-		 Total FundsTotal Funds
2023
2022
£
£
441
40
441
40
Total FundsTotal Funds
2023
2022
£
£
3,848
1,150
3,848
1,150		 Total FundsTotal Funds
2023
2022
£
£
441
40
441
40
Total FundsTotal Funds
2023
2022
£
£
3,848
1,150
3,848
1,150
1,150

In 2022, all of the other income related to unrestricted funds.

11

Jubilee Church Shepperton

Notes to the Financial Statements for the year ended 31 December 2023

6. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

By Fund

y Fund
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2023 2022
Note £ £ £ £
Missionary and charitable giving 7 7,418 13,829 21,247 38,336
Provision of debt advisory service 3,625 - 3,625 407
Ministry 8 74,437 13,514 87,951 104,497
Activities 9 7,437 3,519 10,956 27,607
92,917 30,862 123,779 170,847

In 2022, £59,396 of the total expenditure on charitable activities related to restricted funds.

By Activity

Missionary and charitable giving
Provision of debt advisory service
Ministry
Activities		 Activities
undertaken
directly
£
20,681
3,581
41,898
140
66,300		 Support
Total FundsTotal Funds
costs
2023
2022
£
£
£
566
21,247
38,336
44
3,625
407
46,053
87,951
104,497
10,816
10,956
27,607
57,479
123,779
170,847		 Support
Total FundsTotal Funds
costs
2023
2022
£
£
£
566
21,247
38,336
44
3,625
407
46,053
87,951
104,497
10,816
10,956
27,607
57,479
123,779
170,847
170,847

7. ANALYSIS OF DIRECT EXPENDITURE ON MISSIONARY AND CHARITABLE GIVING

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2023 2022
£ £ £ £
Commission 6,672 - 6,672 11,515
Mission 180 - 180 1,980
Special collections and individual support - 13,829 13,829 24,302
6,852 13,829 20,681 37,797

In 2022, £24,302 of the expenditure on missionary and charitable giving related to restricted funds.

7.1 ANALYSIS OF DONATIONS PAID

Analysis
Charitable giving
Relief of poverty
Total
ONATIONS MADE TO INSTITUTIONS
Names of institution
Purpose
Commission
Charitable giving
Total grants to institutions in reporting period		 Donations to
institutions
£,000
Donations to
individuals
£,000
Total
£,000
5,496
-
5,496
-
15,185
15,185		 Donations to
institutions
£,000
Donations to
individuals
£,000
Total
£,000
5,496
-
5,496
-
15,185
15,185
5,496 15,185
20,681
Total amount of
donations paid
£,000
5,496
5,496

7.2 DONATIONS MADE TO INSTITUTIONS

12

Jubilee Church Shepperton

Notes to the Financial Statements for the year ended 31 December 2023

8. ANALYSIS OF DIRECT EXPENDITURE ON MINISTRY

Unrestricted Total Funds Total Funds
Funds 2023 2022
£ £ £
Trustees’ remuneration 25,798 25,798 39,270
Trustees’ social security costs - - 811
Trustees’ pension costs 2,064 2,064 3,142
Wages and salaries 6,295 6,295 11,594
Pension costs 504 504 912
Travel costs - - -
Telephone 745 745 582
Young people and children 4,359 4,359 3,099
Guest Preachers and Apostolic Oversight 494 494 2,099
Miscellaneous pastoral 458 458 1,899
Publicity and website 1,181 1,181 704
Conferences, training, and outreach - 364
64,476 41,898 64,476

In 2022, £nil ministry costs related to restricted fund.

9. ANALYSIS OF DIRECT EXPENDITURE ON ACTIVITIES

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2023 2022
£ £ £ £
Children’s’ Theatre Group (Themba) - 140 140 18,201
- 140 140 18,201

In 2022, £18,201 of the expenditure on activities related to restricted funds.

10. ANALYSIS OF SUPPORT COSTS

Missionary
and charitable
giving
£
Support Costs
Heat, light, power, and water
-
Insurance
-
Building maintenance and service
contracts
-
Equipment maintenance and
renewals
-
Cleaning
-
Depreciation of tangible fixed
assets
-
Printing, photocopying and
stationery
-
IT subscriptions and sundries
-
-
Governance Costs
Accountancy
311
Independent examiner’s fee
255
566
566		 Provision
of debt
service
£
-
-
-
-
-
-
-
-
-
24
20
44
44		 Total FundsTotal Funds
Ministry
Activities
2023
2022
£
£
£
£
14,829
3,707
18,536
7,037
1,170
292
1,462
1,090
2,803
701
3,504
7,006
170
43
213
182
6,398
1,599
7,997
9,522
14,934
3,734
18,668
18,668
957
-
957
565
1,786
-
1,786
1,786
43,047
10,076
53,123
45,856
1,652
407
2,394
2,280
1,354
333
1,962
1,872
3,006
740
4,356
4,152
46,053
10,816
57,479
50,008		 Total FundsTotal Funds
Ministry
Activities
2023
2022
£
£
£
£
14,829
3,707
18,536
7,037
1,170
292
1,462
1,090
2,803
701
3,504
7,006
170
43
213
182
6,398
1,599
7,997
9,522
14,934
3,734
18,668
18,668
957
-
957
565
1,786
-
1,786
1,786
43,047
10,076
53,123
45,856
1,652
407
2,394
2,280
1,354
333
1,962
1,872
3,006
740
4,356
4,152
46,053
10,816
57,479
50,008
45,856
2,280
1,872
4,152
50,008

Of these support costs, £16,893 (2022: £16,893) in relation to depreciation of tangible assets is restricted expenditure.

13

Jubilee Church Shepperton

Notes to the Financial Statements for the year ended 31 December 2023

11. NET EXPENDITURE FOR THE YEAR

This is stated after charging:
Trustees’ remuneration
Trustees’ pension costs (defined contribution scheme)
Depreciation
Independent examiner’s remuneration:
Independent examiner’s fee
Accountancy services		 2023
£
25,798
2,064
18,668
1,962
2,394		 2022
£
39,270
3,142
18,668
1,872
2,280

12. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE COST OF KEY MANAGEMENT PERSONNEL

Total staff costs were as follows
Wages and salaries
Social security costs
Pension costs (defined contribution scheme)
Particulars of employees:
The average number of employees during the year was as follows:
Ministry
Treasurer
Children’s work		 2023
£
32,093
-
2,567
34,660
2023
No
1
1
1
3		 2022
£
50,680
995
4,054
55,729
2022
No
1
1
1
3

No employees received employee benefits (excluding employer pension costs) in excess of £60,000 (2022: none).

Key management personnel and trustee remuneration

The charity’s key management personnel comprise the Trustees. Total employment benefits including employer pension contributions of the key management personnel was £27,862 (2022: £42,412).

Name of trustee Legal authority Amounts paid o r benefit value
2023 2022
Remuneration
£		 Pension
contribution
£		 TOTAL
£		 TOTAL
£
Mr D Webb-Peploe
Mrs J Jones		 Deed of trust
Deed of trust		 7,698
18,100		 616
1,448		 8,314
19,548		 22,864
19,548

Mr D Webb-Peploe is was remunerated for his work as Lead Elder of the church but resigned at the end of September. Mrs Jo Jones received her salary for her work as our Children's Work Coordinator.

Trustees’ expenses

Type of expenses reimbursed 2023
£		 2022
£
Travel costs - -
TOTAL - -

During the year, no Trustees were reimbursed expenses incurred in fulfilling their duties (2022: 1).

14

Jubilee Church Shepperton

Notes to the Financial Statements for the year ended 31 December 2023

13. RELATED PARTY TRANSACTIONS

David Webb-Peploe, a Trustee, received no reimbursed expenses in either year. His wife Ruth Webb-Peploe received payments totalling £2,113 (2022: £1,900) in respect of running the mother and toddler group.

Jo Jones, a Trustee, was not reimbursed any expenses (2022: £nil).

No other Trustees have been reimbursed in respect of mileage expenses during 2023 or 2022.

14. DEFINED CONTRIBUTION PENSION SCHEME

During the year, £2,064 of pension contributions were recognised in the SoFA as an expense (2022: £4,054). All of the contributions are allocated to ministry costs and relate to unrestricted funds.

15.

16.

17.

TANGIBLE FIXED ASSETS
Leasehold
property
£
COST
As at 1 January 2023
844,649
Additions
-
As at 31 December 2023
844,649
DEPRECIATION
As at 1 January 2023
354,074
Charge for the year
16,893
As at 31 December 2023
370,967
NET BOOK VALUE
As at 1 January 2023
490,575
As at 31 December 2023
473,682
DEBTORS
Income tax recoverable
Prepayments
Other debtors
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Sundry creditors		 Solar
panels
£
15,635
-		 Fixtures,
fittings and
equipment
£
3,665
-
3,665
2,260
733
2,993
1,405
672
2023
£
-
295
500
795
2023
£
5,423
5,423		 Total
£
863,949
-
15,635 863,949
11,462
1,042		 367,796
18,668
12,504 386,464
4,173 496,153
3,131 477,485
2022
£
1,959
888
500
3,347
2022
£
5,494
5,494

15

Jubilee Church Shepperton

Notes to the Financial Statements for the year ended 31 December 2023

18. ANALYSIS OF MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Building
Themba
Bags of Food
Food Hampers
TOTAL FUNDS		 Balance
1 Jan 2023
£,000
43,580
43,580
490,575
-
6,066
109
496,750
540,330		 Incoming
resources
£,000
123,489
123,489
-
140
56,228
-
56,368
179,857		 Resources
expended
£,000
(92,917)
(92,917)
(16,893)
(140)
(13,829)
-
(30,862)
(123,779)		 Transfers
Funds
31 Dec 2023
£,000
£,000
-
74,152
-
74,152
-
473,682
-
-
-
48,465
-
109
-
522,256
-
596,408		 Transfers
Funds
31 Dec 2023
£,000
£,000
-
74,152
-
74,152
-
473,682
-
-
-
48,465
-
109
-
522,256
-
596,408
74,152
473,682
-
48,465
109
522,256
596,408

Unrestricted funds

Unrestricted funds are available to be spent for any of the purposes of the charity.

Restricted funds

The restricted “Building” fund is made up of collections received from members of the church for the purpose of building the Jubilee Centre.

The restricted “Bags of Food” and “Food Hampers” funds represent amounts donated by members of the church in order to supply food to families in need.

The restricted “Themba” fund represents amounts donated for the purpose of supporting the Themba Theatre run at Jubilee Church. Themba ceased to be a part of Jubilee Church from 01/09/2022.

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

NALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted funds
Restricted funds		 Tangible
fixed assets
£
3,803
473,682
477,485		 Net current
assets/
(liabilities)
£
70,349
48,574
118,923		 Total
£
74,152
522,256
596,408

20. ANALYSIS OF CASH AND CASH EQUIVALENTS

Unrestricted Restricted Total Funds Total Funds
Fund Funds 2023 2022
£ £ £ £
Cash at bank 74,977 48,574 123,551 46,324

16