Company Rcgi51roilon Number 03734147 Cbarity RrBi5trstion Number 1076821 JUBILEE CHURCH TEFSSIDE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2023
JUBILEE CHURCH TEESSIDE (A Cowpa•y LIlIed by Guar*nlee) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 PAges Report octht Tru5tttslDireetors Ito3 Indepe#dewt Exarniner's Report lo ¢h¢ Trw5tee5 Statement of finAnelAI AetlvltkslSomrn•ry IKome #nd Expeoditwre Account Bmlance Sheet Notts to the Financial Statements 7t0 13
Page I JUBILEE CHURCH TEESSIDE (A Company Limlted by Grnlet) REPORT OF THE TRUSTEESIDIRECTORS FOR THE YEAR ENDED 31 MARCH 2023 The tnL4iees preseni their report unaudid financial S¢ents of the dwitsble company for the year ended 31 March ?0?3. The financial sthtements have been prepared in accordance with th¢ ¥¢ouniinB poliries Sel out Tn th¢ u01¢5 lo the accounts and comply with the charity's governing thj¢UTnen the Charitie5 Act ?01 l and 'Accounting and Reporting by Chariiies.. Statement of Rrfonlmended Practice applicable io chariiies pwjaring their accounts in accordonce with Financial Reporting Standard5 applicable in the UK and Republi¢ ofireland.. publish¢d in (kiob¢r2019. Trustees of the Tharlty The directors of the charitable company are its trusttts for the of charity18w. Detyils of the trustees who have served durin8 ihe yew siDr¢ th¢ year end can be fouNJ on page 5. OPJEcfs AND AcfiviTIES The principal object of the charity is the vanCeMent of the Chri10n faith. Others ar¢: To relieve people in need hardship or distre5S. To edu¢ate and a55i5t young peopk thr(gh their leisure lime activiii4 $0 as io develup their physical, ment41 and spiritual capacilies. To advance edu¢a¢ion in family life. marriage and family relatioTrship To aifvance Chrilan religious educi(M tr4inin& The try5tees gUlartY leW the obje¢tiv¢s aclivilies of the chw d. a5 part of this review. they have considered the Charity Commi55ion's general guidance on wlic ben¢frt in parti¢uiar. its supplemenw guidan¢e on the advan¢emenl of relign for the public ben¢f ACHIEVEMENTS AND PERFORMANCE The charity operaS a local churttj and cries olrt o with range of adivities in puTsvance of its charitable aims. The trusiees consider that the activiiies, a5 summarised below. ryovide benefii both io active memb•s of th¢ ¢hurch and to wider Cornm1ty. During the year under review. the main areas of Fwress and xhievernent included: Ongoing participation in the national 'Alpha' evangelismloutreach initiative The grdnting of l(tans and gill8 10 individuals in need and other charitsble Organisati(m with similar obje¢iives. Continued development of children'5 work, teenagetyouth WOTk 5wdenL tniiiatives. Arrangin& assisting and supporting church members in anending vamus conferences and training events. Continucd Expansion and developrntnt of the blC p&stordVcare networ Ongoing work iowards multivcuIDJral iniegrnion across ihe church. Supporting church leaders to undenake apostolic ministiy and Overs missbon trip Supporting ¢hur¢h lers ove¥seas io develop their christi mini#riek The trustees eKtend their thanks to the many volunieers who provide services io the church including supervision of children's wotk and Nher grou Swmlay mffliifjg hosting and adminiarntive suppo¢ and remain satisfied with the overall outcome. in terms of rneetin8 the clwity'5 Stated ObJeiveS. FINANCIAL REVIEW Generdl unrestricted income increased by 25V• fri¥n £170,776 in 2021r2022 to £214,705 in 202Y2023. OvernlL the Suement of Financial Aaivities Tetkcts net iThcorning Te5oU for the year ended 31 March 20?3 or £24.693, compared with net outgoing resowr¢es of£8.820 in the PTe¥ious year w 31 March 20. Closing nei &ets at 31 March 2023 arnounted to £156.941 {3 IJ ??- £132 ?48) including bank and cash balances of £151,898 (31 JL?: £124,348). or the assets at 31 Mah _23 se £16.648 was restricd (31.3.22: £6.873) and £3? 815 was designaled by the trusitts (31.322: £40.1(KI). The trustees consider the ovedl flljancial posiiion and se of affai of the chariry io be satisfactory * the pre5¢ni lime remain optimistic as regard5 the future iti tern of the chwch fulfilling its gmwth and other L*jeciives.
Page 2 JUBILEE CHURCH TEESSIDE (A Company by GuAr4Dtee) REPORT OF THE TRUSTEEsIDIREoRs FOR THE YEAR ENDED 31 MARCH 2023 Inve5trnent Pollcy The chBriry'S surplus fvnds continue to be inves¢¢d CUTrert and dwsti e0ts with Barclays Bank. Th¢ trustees have power io invem any money belonging to the charity as they see fiL Reserves Poli Having regard to ongoing projects and possib futtwe fcIal c0mrnitrnen the Inlee5 wish io maintain a minimum level of free reserves of £80.¢NJO and thi5 level of reserves was achieved at both 31 March ?Oa? and 31 March 2023. The trustees will continue lo review their requirements thmuglKWt the current and subsequent financial years. particularly having regard to a(klitional costs arising following the church rn purchase which ¢iJmpleted on I September 2023. PLANS FOR FLrruRE PERIODS Planned initiaiives during the current and subsequeni financial yeats include: Further growth dcvelow¢nl of 5hHlenL ywth chikn'g wor Further developing and enhancing the internal thinj5trationl5upr 4m. Coniinued develqyment of the pastoral cave netw Continued l¢1patIon in the national Alpha evangelismloutrEarh initiative. Further develop relationships with othtrcharitsble Organi1($ with similar objective Continued work in 5upponing a5¢011¢ ministiy and related churdRs within the UK and over5ea5. Continued maintenance and developmeni of the chuwch lIdIng &8 a hub. srRiJcfuR4 GOVERNANCE AND MANAGEMENT GovernIg Docurnent Jubilee Church Tees5id¢ 15 a cwipany limited by guamiee and haying a share capithl, Inc0red in England and Wales. It is govemed by a MemoTrn(hJm and Arti¢k5 of A550cialion da1 26 Febrnary 1999 and wa5 registered wilh the Charity Commission from 30 July 1gJ9. In the evet of the company being wound up, mernbET5 are required to contr11te an amount not exceeding £10. Appolntment of Trustees N¢w trus1ee5 are appointed on the recOmmethi of existing In1beMbers. Thele is a required minimum of three trustees but no nwximum number. Trnsttts. Induetlon and Traillillg Trnsiees are already familiar with the wort of the tharity as they are drawn from within the church membershi con8regation. The trustees have inducith pedre$ to ensure that new trUe5 undeaTrd their roles and obligations. A5 part of these procedures, truses are also encourdged to allend aryopriaie intemallextemal training events to facilita¢¢ the undertaking of their roles. Organlsatlon The management and administration of the charity 15 undu the control of the trwes who meet quarterly. Day to day operational matters are deleg4ed ¢0 the ¢huw¢h leth.
P•ge 3 JUBILEE CHURCH TEESSIDE {A cOmnY Llmlted by Guxrawltt) REPORT OF THE TRUSTEESIDIRECTORS FOR THE YEAR ENDED 31 MARCH 2023 R¢la¢ed Prtle5 The ¢hurch 0rateS under the oversightldireclion of chri Central Churches WoAdwide (a charithble cKganisation whi¢h oversees church forniation, trdining and development tniiiatives). There are also close links with other churclies in the region including rnembers of the Chrisi Central ChurdKs Worldwide family of chuh. Risk Managem¢ot The misttts continue io consmler artd review the major financiaL operaiionol and compliance risk5 borne by the charity and have sysiems in pla¢e io monir those risks and io take xtion where necessary io mitigate them. REFERENCE AND ADMINISTRATIVE INFORMATION Charity Name: Jubilee Church Teesside Company RegLstrntk)m Nunhber: 03734147 (Engknd WalES) Ch•rlty Re%I5tTalio Nurnber. 1076821 Reglstered Otrt: Spitfire House 19 Falcon Court Pre510n Fann Inthstrial Estate StocktonvOn-Tees TS18 3TU Pl•ce ofBusln¢s%' Yarni Ro•J Method1 Church 5 Woodland Sw Siockion-(TrTtts TS183HZ Dlreclors #nd Trust Mr. J. LeSr Mr. J.S. Knight Dr. K Saha Mr. S. Rogalski Mrs. J.L Gibson Company Secretory: Mr. J. Le5 Indq)endenl Examlner: Mrs. L. Dick50n JBC Accollntsnts Ltmited 3B Lockheed Coiiri Prtston Farm Slwk¢on--TCcs TS183SH ktry. Bwclays Bar plc I C¢ntrdl Mall The Mall Middlesbrw TSI 2NR This reF h&5 been prepared in accord¢ with the specijl provts1o% of Part 15 of the Companies Aci 2006 relwinB to small companies. ApprovAI This report w&s approved by the trustttdtrcctCS on 14 DKember 2023 and sigT*d their behalf by: J. LESTER Company Secretary
Page 4 Inde dellt EJirniDer's R rt to tbe Trustees of Jubilee Churcb Teesside IDd¢p¢ndent eximther's report to the trustees of Jubilee Church Tee555de l TCPOtI lo th¢ chaTity ITU5tces on my cxaminalion of thc accouDts of the Company for the year ended 31 March 2023. Re5POD51bllhl¢s aud b•515 of rryrt As th¢ charity's Iruslecs of the Company (and also its direc¢ors for thc purposcs of company law) you are respon5iblc for Ihe preparation of the accounts in accord with the requirements of the Companies Act 2(M16 ('the 2006 Act.). Having salisfid myself that the accounts of the Company are not required to be audiied under Part 16 of Ihe 21M)6 Act and are eligibl¢ for indepcndenl examinatio I rqK)rt in rcspccl of tny examination of your charity'5 accouThts as 1¢d oul wider scction 145 of ihe Charilies Acl 2011 ('the 2011 Ad.). In carryin out my examination I hov¢ followed thc Directio given by the Charity Commi&sion utKler Secti( 145(5) (b) of the 2011 Act. Independebl examln¢r's st•t¢went J have ffjy cxamiuation. I confitm that no JD•ller5 have come to my allention in connection with the examination giving me cae to beli¢ve: accounting records were kept in respect of the Company as required by section 386 of tlle 2110 Act: or the accounts do not ac¢ord with these ffcords: or the accounls do not comply with the accounting requirements of section 396 of the 2C(16 Act other than any requirements that thc accounts give a true and fair view which is nol a matter considered as part of the inddeI ¢xami1)ali or the 8CCOLLnis have not been prepared in with the rnetho(Ls and principles of the Sialemenl of OrnMended Practice for accounling and reporting by chaTilies [applicable to charities preparing their accowits in accordance with the Fill181 Reporting Stsndard applicable in the UK and Republic (FRS 102)]. I have rjo concerns and have come across no other matter5 in connection with the examination to which atlention should be drawn in this • in order to eDable a pn4)er UDdetthdiny of the OUnts lo bB reached. Mrs Lynne Dickson FCA JBC Accounlants Limiied Chartered Accountants 3B Lo¢kh¢ed COL PTeMon Fa Stockton on Ttt5 TS18 3SH Dale: .
Pag¢ 5 JUBILEE CHURCH TEESSIDE (A Cornpny lAw1¢ by Gujrantte) STATEMENT OF FINANCIAL A1VITIEs FOR THE YEAR ENDED 31 MARCH 2023 (including Summary Ineome and Expenditure Account) Unrtstricled FMnd5 2023 ?0 Restri FuDds 2023 ?022 TotMI Fllnds 2023 2022 INCOME Oper10 of ll local church Inlw¢51 receivable 214JJl 174 IM758 18 44h 28.346 259208 174 199,104 18 TOTAL INCOME 21471J5 170.776 44&77 28.346 259J82 EXPENDITURE Chllrithbl¢ a¢tiviti 2ffj167 171542 35,4 207,942 TOTAL EXPENDITURE 167 171542 35.4(K) ?07,94? Net Intomellexpellditurt) for thtyur 11.766} 1&155 17.054) 24ffj93 &820) Trn05fer betheu fvod5 (6) Net mov¢rn¢nt In funds 1&918 11.766) 9.775 (7.0541 24ffj93 (8,8?01 RecoMtlll#lloL offundJ". TO1 funds bTouBh¢ forward 16 125J75 127.141 13ZJ48 I41,(8 Total Funds Carritd Fomrd 15&16 140293 125.375 873 15&941 131248 The Ststement of Financial Acrivities includes all gain5 and105se5 recognised in the year. All incoming resources and resources expended derive from continuing xtivitie The 1¢5 pages 7 13 fomi part ofthese fmancial sthtements
ge6 JUBILEE CHURCH TEESSIDE (A CoJnpiTry Liwittd by Guarntttte) (COmnY Regi51r4tion Number. 3734147) BALANCE SHEET AS AT31 MARCH 2023 2023 ?022 Note FIXED ASSETS Tan8ibk a55els 1,023 795 CURREKf ASSETS Debiors and prepaymenls Cash at bank and in hwHI 12 24.755 151098 19.608 124,348 176,6S3 143.956 CURRENT LIABILITIES Creditors.. AmounLS folling due within (me year 13 (2735) (12,503) NET CURRENT ASSETS 1SS.918 131,453 NET ASSETS 156,941 132.248 FUNDS Unrestr1th fund5 - Generdl Designaied 15&16 107A78 32015 85.275 40.5 140293 16 Resffided fund5 125J75 6,873 TOTAL FUNDS 156,941 132248 Por the year ending 31 Mah 20J? . the company was entitled io ¢xanpliDn from audii under sethion 477 of the Companie5 Act ?006 relating to small companies Direciors. rE5pon5ibiliti The members have n(rt required the company io otAain an audit of its financial Swements for the year in quemion ul accordance with section 476: The dirertors acknowledge their re5ponsibiliiies for comptying with the requiT¢rnEnts of the Act with resEKct to accounting re¢oTds and the prepar&ion offin•¢iil sthleTts. These financial statements have been preFwed in xcordanc¢ with the special provisiLS of Part 15 of the Companies Act ?006 relating to small comppnie5. Approved by th¢ dir¢¢wts and tru#ees on 14 Decembtr2023 and signed (ffl their behaifby: J. LESTER Trustee The notes OD pages 7 10 13 fLNm of the5¢ financial statements
Page 7 JUBILEE CHURCH TEESSIDE (A CompAAy litllited by GwATaNlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICILS (8) Ge¢Tl Infornalion amd B85is ofprtpArtlo Jubilee Church Tee55ide 15 a priye CoMpY limited by gurntee regisiered in England. In the event of the charity 18 wound up. the liabiliEy in resw of the guar4ntee 15 limiied to £10 per member of the charity. The address r)f the registered offKe is given on ihe charity inforniati(Xb Page on page 3 of these financial iements. The n8lur¢ ofthe dwity'5 opernions and wincipal activitie5 are the opernion of a local chllrch. The charity a public bcnefrt entty a5 defined by FRS IIP. The financial statemenL8 have been prepared in accordance with Accounting and Reporting by Charities: S&iement of Recommended Practi¢e applicable lo charities preparing their aceounts in accordatKe with the FinanGial Reporting Standard applicable in the UK and Republic of lyeland issued in October ?019. the Financial ReEffiing Stanilard applicable in ihe Uniied Kingdom and Republic of Ir¢land IFRS 102A the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Praciice. The fin4n¢ial staments are Fryared on a going ¢(MKcm imsis under the historical cost convention. The financial Matements are presented in mndS Aerling whi¢h is the fimetional currency of the charity. and rounded to the nearest pound. The significant accounting policies applied irt the irya1 of these finan¢ial thtements are set oui below. These policies have been ConsientlY applied io all ye5 presentrd unl¢ss oth¢rwise ststed. (b) Intome Recognition All income is rttognised once the charity has entitlement to income. there 15 Sufficient certainty of reeeipi and it probBble the cOMe will be receive4 And the 4m(rtmi of income can be meired reliably. Grants aAd Dwlloffjs Where donoTS specify the grdnt c donion must be usEd in a futtre accouniin8 the ineome is deferred uniil those WiLNI5: Where d(thots impose condiiions which hav¢ lo bE fulfilled before the charity becomes entiiled to Use such income. the income is deferred until the period in which the pre•conditions are m¢L Where thnors IRcify that grwjts or thtIonS are for a paff icular restricted pury05e. which does not amount to preryconditions regarding eniitlemenL the income is included in incoming T¢serves within restriaed funds when receive {c) Resourtts Expede41 Resources exnded are reeognised in the SMemeTht of Finonfjial Aclivities on an accruals basis. inclusive of VAT. Individual costs are allocated betsween the variS headings in the Statement of Financial A¢livili¢5 by reference to the uertyIng na1ll or reason for which those costs w¢re incurrf an e51imaied TCents8e (d) Uwre5tricted and Rostricted Fnds Unrestricied fiJnd5 are available for use w the discretion of the tst5 in furtherdnee ofthe genernl obje¢tive5 of the charity and which have noi been designaied forother pur[. Designed fid5 comwi5e unrestriaed fill have beefi set aside by the trustees for a porticular purwjse. The aim and use of ¢aeh designated fund is set out in the n¢5 ¢0 these financial statements. Restricted funds are fimds whith to be used in with spe¢ifi¢ restriciions imposed by donors or which have be¢n rai5¢d by the charity for Imrticular pUrrX The 4im and use of each restricted fund 15 set out in the notes to the financi&l SemeThts. (e) Tamglble FIX Assets and DepreeiAtion ran8ibl¢ red a55ets are catalISed and dewecial at V¥i(MLS T*es using the strnighi lin¢ method. 50 a5 to write off each asset ov¢r its estimated useful life.
ge8 JUBILEE CHURCH TEESSIDE (A Compny Limited by Guirntz¢) NOTES TO THE FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES (Conrfnued) (O Debtor5 Trade and other delmors 4re recognised ai the 5ettleThent amowit due after any trad¢ discount offered. Prepayments ure valued * ihe am01 W#MI net ofany tr1¢ discounts th C8sh •t wnd in Hand Cash at bank and C in hAnd includes cash sh(rt-Tm highty liquid itjvestments with a 5hifft mawrfty of three months or kss from the dC of acqui5ilion or opening of the de$11 or similar accoyni. (h) Creditors and Provtsitin5 Creditors 8nd provisions are recognised where the charity h&$ a present obligaiion resul¢ing from a pasi event thai will probably resuli in the transfer of io a third party and the amount due lo settle the obl110n ca be measured oi estimated reliably. Creditors aNI FwDvision5 are nornmlly reeogni5ed at their s¢ttl¢m¢nt amount after allowing for any trade discounts due. ()1 Pension Costs Contribution& which are payable into the personal pension plgns of individual member5 of Staff, are charged to the Staternent of Financial Artivities in the period io whith they rela. U) Going Comcern The fmancial statemenL% have been wepared on a going concern b&sis as the trCeS believe that no material uncertainti¢5 ¢¥iSt. The uuslees have ¢onsidered the level of rtdS hekl and the expe¢l¢d level of income Bnd expenditure for l? months from the authori5ing of these financial sw¢ments. The budged income and expenditure is sufficient with the kvel of reserve5 for the charity to be Yknle to continue 05 a going concern. LECAL STATUS OF THE CHARITY The charity is a company limiied by gurntee and h25 no share capital. The liability ofea¢h rnember in the event of winding up is limited to £10. INCOME FROM CHARITABLE AcfiviTILS Unr¢strktEd F¥Nds 2•23 Rwtrxtrd Fullds 2023 To¢1 Fids 2023 2022 Gift aid offeritw Non-giA atd olTuings Other income 4nd events 179*24 76 15Q924 17.150 19.437 202261 48J16 8ffj31 171V61 26.059 21840 214J31 Im758 •8J46 259 199.104 The charity benefits greatly from the involvemen¢ enthusiwic SUPFiTrrt of its many volunleeT5. as mentioned in the Tru5tees' Report. In accordance with th¢ Charilies SORP (FRS 102A th¢ economic contr11(lon of generdl volunieers is not recognised within th¢ aonts. INTEREST RECEIVABLE UNrtstrided Fll•ds Re5trieted FuDds 2tr23 TDt•l FMid5 2DZ3 2022 Bk and Blfl aid imere 174 18 174 18 EXPENDITURE ON CHARITABLE AcfiviTILS See page 13.
Page 9 JUBILEE CHURCH TEESSIDE (A Cowpany IAfflited by Cmrnnttt) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NET MOVEMENT IN FUNDS 2025 This is ststed ofter ckngin Depreciaii(Trn and adju51ments di5pJsal Orred a55et& on owned assets on assets held on finance ieas¢ Contracts Independent Examiner's fe&s Finance le&4e charges 701 725 1.830 364 1.920 STAFF COSTS AND NUMBERS 2022 Staff costs during the year ¢ompri5e: Salaries and wage5 Social security ¢osts P¢n5ion costs (note 8) Death in service cover 70,5tK) 67,320 2.851 5,639 474 5,907 79892 76284 No employee received ernolum¢nts ofm(Ye than £60.OIKI. The average number of stsff engaged dumg th¢ yew was two12022: No The remuneration paid io Key Margement Person1 rkninB the year was £45J90 (?OL?.. £43.036). PENSION cosrs The pension costs of £5.907 (?0?2: £5.639) in the year rewesent paymenLS lo defmed CLtriblOn lon schemes operated in the names of certain employerf ofthe tharity. TRUSTEES, REMUNEK4TION AND RELATED PARTY TRANsAloNs The following payments 10 Inisi¢e5 hav¢ been fflade in accordaftte with the goveming documern of the charitable company: Mr. S. Roga15ki 15 employed by the ¢ompany. Related salary ¢o5ts lo the company for the year ended 31 March 2023 amounted to £45,390 (20??: £43,036) including empby¢r 1510 contrkniions of £3,188 (??. £3.036). Mr. J. Lester is a partnw in accowitancy firm which pftwiilE5 Ewkkeepins accounthw. payroll and secrethrial services io the company. The acc(1 include a VAT lUSIve iotal of £24.120 {202?: £19.230) in respect of amounts due lo the fmn for these 5ervicek Ai the balance shed date £9J10 (2022: £5,110) wos due io the firni. Mr. S. Rogalski is also a truse of another local charity op tky)r (North East) (ODNE) had the following Iransaction5 with Jubilee Churth Tee55ide (JCT): 2023 Inter-[mIlY aceoiiiit trnns8etions: Balance due from JCT io ODNE 41 beginning of year Grant from JCT io ODNE Rent due from JCT ¢0 ODNE Costs incurred by JCT on behalf of ODNE 2,142 6,000 6,000 (9JLMI) 4,758 6,000 9,996 {18,112) Balance due from JCT to ODNE end ofyear 4,642 2,142 Durin8 the year under review. tnthes and (rther lated parties made Unrestr gift5 to the charity totslling £52.5?0 (9022: £44.1?01 Other than the above, there were no tr)5adion5 with any Ill1¢e 1th any persoth connected to them.
Page 10 JUBILEE CHURCH TEESSIDE (A Compny IAmitid by Grantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. TAXATION As a registered Choriry. Jubike Chur¢h Teesside is exempt from tsx on its tncorne under Srftion 505 of the Taxes A 1988 pmvided sh income is applied for charitable tA]rp only. 11. TANGIBLE FIXED ASSETS Ftsrnityr¢ Equlpmetyt Cost At l April ?022 A(kJiti0115 at cost Disposals 76.935 908 At 31 March 2023 77,843 A¢¢umuknted Dcpreciotion At l April 20?? Charge for the year Adju5th1ent on di5posa15 Ai 31 MaTch 2023 76.820 Net Book VAlue At 31 March 20L? 795 Al 31 March ?023 1.023 12. DEwfoRS AND PREPAYMENTS 2•23 ?022 Gift aid t&x recoverdble Other dels and ePaYmeNts 21978 1,777 17,510 2.098 24,755 19.008 13. CREDITORS: Amoumts fAlllnE dut wlthltt one yc*r 20 Obliwions under finance leases Other ¢r¢dii(Ks and a¢crua15 439 1?.064 20.735 20,735 14. OBLIGATIONS UNDER FINANCE LEASES The Amounts fall due as follow ?OL? Within one year 439
P4e 11 JUBILEE CHURCH TEESSIDE (A Comptyy Limited by Guarautee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR F,NDED 31 MARCH 21123 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS UwrE5trlrted Restricied Tangible fixed assets Cash ai bank and de511 Other net a55cts 1.023 135,250 4020 1,023 151W8 4.02D 16,648 1411293 16,648 15&941 I& STATEMEwf OF FUNDS 2023 01.(W 22 TrnMfer6 31m23 Unrestrieted Funds: Genernl Designated 214725 198 7285 6J8D 107,478 32,815 40.1 Total Unrostrlcted Fllods 125J75 2141705 2116.167 140,293 Restrletod Funds: Churth iwilding fund Overseas missiorks Gilb Christian5 againsi poveny 769 6.102 13,937 910 14,7(16 227 (6J85J 1,940 Tot41 Restrieted Funds 6.873 28A 1&3BO) 16.648 Total Fullds 132248 23<689 156,941 21J2Z ASAI 010421 AJAI 31.0322 IMo•Lt ExPEnlUr¢ TrarAfe Unrestricted Fundr. Generdl Designated 82.041 45,IIK) 170.776 16754? 5,000 85.275 40.100 Totsl Unr¢5tTiCtrd Fwnd5 1?7.141 170,776 172.542 125.375 Restrlettd Fund5: Church iyjilding fund Overse&s missions Gilts 769 13.156 769 6.10? 35.41 Total Restri¢ted Fwnd5 13.927 ?8J46 35.4(K) 6.873 Total Fllmds 141.068 ?07.942 13? ?48
Pgge 12 JUBILEE CHURCH TEESSIDE (A COmnY LAmited by GuaraDtee) NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2023 16. TEMENT OF FUNDS (Conrfthued) Unrestrlcted Desl8nated Fund The trua¢¢S have designded unr¢sthcd fuN15 tothlling £3? 815 a5 * 31 March 2023 wmpTi5in8: Churth building fvnd Ringfenced funds w provJe tOP-IIP surffjM)n 10 4 ¢hw¢h memlyer his family having relocated their ministy to Turkey thiring the year ended 31 Malth 2020 28,100 4L715 Designated fvnd balance a5 31 March 2023 32815 Restricted Funds Church bulldlngfund- as detsiled in n4xe 18. the ttlLstres are in Mgotiation ¢0 purch i property io serve as ¢hur¢h meE¢ing place wknini51THlion centre. Certain memkn ofthe thurth have made donlonS towards this projecL ft•tsslons- the church eorttinues tts supF Chhe5 in Ghan8 and Turkey. Amounts received by way of restricted giving are paid across rKriodically via intemaiional bank transfer. During the year under review. the church also rnised restricted ¢ow¥rds the ruofmg prt)ject at the compassion hub in Ghan& Glft¥- Jubilee chUh Teesside clInueS to wllerf and diskn1 gifts kn other charitable causes aThl between church members on an anonymous basi Chrfsilllns agÈTlnsipffi¢ry- th¢ chuth was awarded a ¢innom(ffi mlcffpgrant for the se¢ting up and running of a CAP Life Skills ProiecL 17. CONTROLLING PARTY Throughout the cunt and weyious year. the dlarity w&$ undtt the ¢ttl of the Board of Trnstees. I& Po BALANCE SHEET EVENT At the year end the tru51ees were newiating wbth the truees of Yami Ro*1 Meth11 ChuTth. with a view io purchasing their church The acquisition of the building completed on I Sepleffliyr 2023. at a wrchBSe price of £155.IW plus fees disbursemenl& which was funded from a combination of re5trided and unrestricted reserve
Pagt 13 4 ¢01 4 J f4 f ¥ÈE aaa 2 c È 3