REGISTERED COMPANY NUMBER: 03771163 (England and Wales) REGISTERED CHARITY NUMBER: 1076048
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31st March 2023
for
The Jubilee Centre (Limited by Guarantee)
Bew & Co Limited Chartered Accountants 130 High Street Marlborough Wiltshire SN8 1LZ
The Jubilee Centre (Limited by Guarantee)
Contents of the Financial Statements for the Year Ended 31st March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
The Jubilee Centre (Limited by Guarantee)
Report of the Trustees for the Year Ended 31st March 2023
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 31st 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objectives and aims of the charity are to provide Day Care facilities to the elderly of the Kennet district and also Drop-in facilities for the more able over-60s.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees are pleased with the achievement of the charity activities for the period, despite the challenging operating conditions.
FINANCIAL REVIEW
Principal funding sources
The Jubilee Centre receives funding from a number of sources. During the current year we received core funding from Wiltshire County Council.
Overall the charity has experienced a good year and hopes it will continue to do so next year.
Reserves policy
The trustees would like to maintain reserves of three months running costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
New trustees are appointed at the AGM if necessary.
Related parties
There were no related party transactions to report.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03771163 (England and Wales)
Registered Charity number
1076048
Registered office
28 High Street Marlborough Wiltshire SN8 1LW
Trustees
D H Snape Treasurer J A Kirk Wilson Mrs S A Wolfenden
Page 1
The Jubilee Centre (Limited by Guarantee)
Report of the Trustees for the Year Ended 31st March 2023
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Bew & Co Limited Chartered Accountants 130 High Street Marlborough Wiltshire SN8 1LZ
Approved by order of the board of trustees on 7th July 2023 and signed on its behalf by:
Mrs S A Wolfenden - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Jubilee Centre
Independent examiner's report to the trustees of The Jubilee Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023.
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:
-
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
-
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
-
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.
A P King
Bew & Co Limited Chartered Accountants 130 High Street Marlborough Wiltshire SN8 1LZ
7th July 2023
Page 3
The Jubilee Centre (Limited by Guarantee)
Statement of Financial Activities for the Year Ended 31st March 2023
| 31.3.23 | 31.3.22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 8,974 | 7,718 | |
| Other trading activities | 2 | 34,128 | 20,789 |
| Investment income | 3 | 241 | 3 |
| Other income | 31,606 | 50,500 | |
| Total | 74,949 | 79,010 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Centre activities | |||
| 63,518 | 63,771 | ||
| NET INCOME | 11,431 | 15,239 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 71,899 | 56,660 | |
| TOTAL FUNDS CARRIED FORWARD | 83,330 | 71,899 | |
The notes form part of these financial statements
Page 4
The Jubilee Centre (Limited by Guarantee)
Balance Sheet 31st March 2023
| 31.3.23 | 31.3.22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 8 | 156 | 186 |
| Cash at bank | 84,040 | 73,259 | |
| 84,196 | 73,445 | ||
| CREDITORS | |||
| Amounts falling due within one year | 9 | (866) | (1,546) |
| NET CURRENT ASSETS | 83,330 | 71,899 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 83,330 | 71,899 | |
| NET ASSETS | 83,330 | 71,899 | |
| FUNDS | 10 | ||
| Unrestricted funds | 83,330 | 71,899 | |
| TOTAL FUNDS | 83,330 | 71,899 | |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.
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 7th July 2023 and were signed on its behalf by:
S A Wolfenden - Trustee
The notes form part of these financial statements
Page 5
The Jubilee Centre (Limited by Guarantee)
Notes to the Financial Statements for the Year Ended 31st March 2023
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.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Day care | 15,527 | 11,244 |
| Drop in | 5,284 | 2,774 |
| Meals on wheels | 13,292 | 6,771 |
| Donation for use of amenities | 25 | - |
| 34,128 | 20,789 | |
Page 6
continued...
The Jubilee Centre (Limited by Guarantee)
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Deposit account interest | 241 | 3 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Other operating leases | 1,755 | 1,495 |
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Manager Cook Support staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Other income Total EXPENDITURE ON Charitable activities Centre activities |
31.3.23 31.3.22 1 1 2 1 3 3 6 5 Unrestricted fund £ 7,718 20,789 3 50,500 79,010 63,771 |
31.3.22 | 31.3.22 |
|---|---|---|---|
| 1 1 3 5 |
|||
| 79,010 | |||
| 63,771 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 7
The Jubilee Centre (Limited by Guarantee)
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| NET INCOME | 15,239 | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 56,660 | |||
| TOTAL FUNDS CARRIED FORWARD | 71,899 | |||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Prepayments and accrued income | 156 | 186 | ||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Other creditors | 116 | 1,046 | ||
| Accrued expenses | 750 | 500 | ||
| 866 | 1,546 | |||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.22 | in funds | 31.3.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 71,899 | 11,431 | 83,330 | |
| TOTAL FUNDS | 71,899 | 11,431 | 83,330 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 74,949 | (63,518) | 11,431 | |
| TOTAL FUNDS | 74,949 | (63,518) | 11,431 |
continued...
Page 8
The Jubilee Centre (Limited by Guarantee)
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.4.21 | in funds | 31.3.22 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 56,660 |
15,239 | 71,899 |
| TOTAL FUNDS 56,660 |
15,239 | 71,899 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 79,010 |
(63,771) | 15,239 |
| TOTAL FUNDS 79,010 |
(63,771) | 15,239 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.21 | in funds | 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 56,660 | 26,670 | 83,330 |
| TOTAL FUNDS | 56,660 | 26,670 | 83,330 |
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 | 153,959 | (127,289) | 26,670 |
| TOTAL FUNDS | 153,959 | (127,289) | 26,670 |
continued...
Page 9
The Jubilee Centre (Limited by Guarantee)
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2023.
Page 10
The Jubilee Centre (Limited by Guarantee)
Detailed Statement of Financial Activities for the Year Ended 31st March 2023
| 31.3.23 | 31.3.22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 8,974 | 7,718 |
| Other trading activities | ||
| Day care | 15,527 | 11,244 |
| Drop in | 5,284 | 2,774 |
| Meals on wheels | 13,292 | 6,771 |
| Donation for use of amenities | 25 | - |
| 34,128 | 20,789 | |
| Investment income | ||
| Deposit account interest | 241 | 3 |
| Other income | ||
| Core funding | 31,606 | 50,500 |
| Total incoming resources | 74,949 | 79,010 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 43,501 | 39,978 |
| Pensions | - | 1,100 |
| Transport | 6,970 | 8,560 |
| Food costs | 5,686 | 4,057 |
| 56,157 | 53,695 | |
| Support costs | ||
| Management | ||
| Other operating leases | 1,755 | 1,495 |
| Insurance | 1,330 | 1,330 |
| Light and heat | 2,102 | 2,125 |
| General running costs | 1,889 | 1,778 |
| Accountancy | 1,393 | 1,486 |
| Repairs and renewals | (1,108) | 1,862 |
| 7,361 | 10,076 | |
| Total resources expended | 63,518 | 63,771 |
| Net income | 11,431 | 15,239 |
This page does not form part of the statutory financial statements
Page 11