2024-03-31-accounts

Registered number: 04492376 Charity number: 1095555

JUBILEE CITIZENS UK

(A company limited by guarantee) TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Jubilee Citizens UK

(A company limited by guarantee)

CONTENTS

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Page| |Reference|and|administrative|details|of the|charity,|its|trustees,|and|advisors|1| |Trustees’|report|2-8| |Independent|auditor’s|report on|the|financial|statements|9-12| |Statement|of financial|activities|13| |Balance|sheet|14-15| |Statement|of cash|flows|16| |Notes|to the|financial|statements|17|-|33|

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Jubilee Citizens UK

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees

Dr P M Kevern (Chair) Mr K Walsh (Treasurer) Mr M Malpas Mr J Chauhan Ms S Mistry Mrs R Campbell

Company registered number 04492376

Charity registered number 1095555 Registered office 76-78 Boldmere Road Sutton Coldfield West Midlands B73 5TJ

Company secretary Mrs R Bews

Chief executive officer Mrs R Bews

Independent auditor

Cooper Parry Group Limited Statutory Auditor Two Chamberlain Square Birmingham B3 3AX

Bankers

Unity Trust Bank Plc Four Brindley Place Birmingham B1 2JB

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Jubilee Citizens UK (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

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The trustees present their annual report together with the audited financial statements of the charity for the year ended 31 March 2024. The Annual Report serves the purposes of both a trustees’ report and a directors’ report under company law. The trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102).

Since the charitable company qualifies as small under section 383 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 has been omitted.

The company is limited by guarantee and is a registered charity (Registered No. 1095555).

Legal Objects

The charity’s objects are to promote the relief of elderly people and disabled people including assisting and co-operating in the work of statutory authorities and voluntary organisations engaged in providing facilities for physical and mental recreation, developing physical improvements, furthering health, and relieving poverty, distress, and sickness.

Objectives and Activities

Policies and objectives

Our aims and objectives are to offer the provision of direct quality services to promote good later life especially with a rise in the elderly population. Our support is offered to all ages and needs, with a focus on older adults, carers and people who may experience hardship in later life. We strive to make a positive contribution to the lives of current and future older adults, we focus on excelling in meeting the support needs, especially preventative support to promote wellbeing and reduce/delay the higher care and support needs.

Public benefit

In developing the activities, the trustees have had due regard to the guidance issued by the Charity Commission in respect of public benefit. In structuring the charges for services, care is taken not to disadvantage those with lower incomes.

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Jubilee Citizens UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance

We pride ourselves on offering care and support that is personalised specifically to the individual, through an initial assessment and review with the client of their needs and preferences.

We work in partnership with the client, and where needed make adjustments to help the client understand and make informed decisions about their own care and treatment options, including the extent to which they may wish to manage these options themselves.

We hold contracts with Birmingham City Council to provide regulated personal care and domestic support packages to clients living in extra care housing schemes within Birmingham. The care, dependent on the scheme, can be provided 24 hours per day, 7 days per week.

We also have private care packages within the community offering personal care and domestic support.

We deliver a service through a contract with Sandwell and West Birmingham Hospitals NHS Trust Palliative Care Hub offering welfare rights and domestic support to clients in palliative care.

All new staff joining the organisation are inducted into the role; through our induction process, including a range of training courses, for example, safeguarding, medication, health and safety, moving and handling and shadowing experienced team members. Existing staff have their training regularly updated and work through the Care Certificate standards.

The management team continue to build positive relationships with existing and new stakeholders including clients’ families, scheme managers, social work teams and commissioners.

We have a Care Quality Commission overall rating of Good.

Financial Review

The total net incoming funds were £1 ,575,579 (2023: £1,395,309), an increase on the prior year. Total reserves at the year ended 31 March 2024 were £1,744,072 (2023: £1,352,751).

The charity continued to be principally funded by service user contributions and additionally by contracts with Birmingham City Council.

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Jubilee Citizens UK

(A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial Review (continued)

Reserves Policy

The trustees’ aim is to retain unrestricted funds sufficient to cover three months’ salary costs together with appropriate staff redundancy costs in the event of funding from Birmingham City Council being withdrawn. This is estimated to be approximately £350,000.

Level of Reserves

Free reserves are the charity's reserves that are freely available to spend on any of the charity’s purposes and therefore exclude tangible fixed assets. On 31 March 2024, the charity held free reserves of £1,744,070 (2023: £1,352, 749).

Investment of funds policy

Any monies not required for immediate use would be placed in a high interest deposit account to achieve added income.

Structure, Governance and Management

Constitution

The company is constituted under a Memorandum of Association dated 23 July 2002 and is a registered charity number 1095555.

Governing Document

The organisation is a charitable company limited by guarantee, incorporated 23 July 2002. The company was established under a Memorandum of Association which established the objects and powers of the charity and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

Method of appointment or election of Trustees

The directors of the company are also the charity trustees for the purposes of charity law, and, under the company’s Articles of Association, the members of the Board are elected to serve for a period of three years, after which they must be re-elected at the next Annual General Meeting.

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Jubilee Citizens UK

(A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, Governance and Management (continued)

The trustees serving during the year and to the date of this report are shown on page 1.

There is no private benefit arising to trustees other than the satisfaction of being involved and contributing towards the wellbeing of those we seek to serve.

Policies adopted for the induction and training of trustees

Prospective trustees are recruited initially in an observer capacity and, after receiving an information pack, attending at least two board meetings to familiarise themselves with the working of the organisation before committing themselves and before being elected to the Board. The trustees are kept up to date with Charity Commission guidance and encouraged to participate in training events when available.

Related party relationships

The trustees are also directors of Jubilee Citizens Enterprises CIC. The charity is responsible for this entity which is effectively dormant, with minimal charges incurred in the year.

The trustees are also trustees, directors, and members of Age Concern Birmingham. Certain trustees are also directors of Age Concern in Birmingham Trading Ltd.

The strategy of Jubilee Citizens UK is aligned with Age Concern Birmingham.

Organisational structure and decision making

The Chief Executive heads a Management Team who is charged by the Board of trustees with the delegated responsibility of running the organisation according to the strategic direction of the over-arching business plan. This is updated on an annual basis and approved by the trustees.

Pay policy for senior staff

There are no key management personnel remunerated within the charity. A management charge is levied by Age Concern Birmingham to Jubilee Citizens UK to reflect the staff management and support time and use of premises. The management charge is calculated with reference to the staff salaries and time spent within Age Concern Birmingham.

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Jubilee Citizens UK

(A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, Governance and Management (continued)

Risk management

The trustees have assessed the major risks to which the charitable company is exposed, in particular those related to the operations and finances of the company and are satisfied those systems and procedures are in place to mitigate our exposure to the major risks.

The most significant risk is if the care work provided in the extra care sheltered housing schemes was to be withdrawn by Birmingham City Council. We ensure we maintain a good line of communication between ourselves and Birmingham City Council to make sure we work together to guarantee the needs of the clients can be met.

Future Plans

We strive to develop and offer the best quality service for clients and funders.

We will work closely with clients, their families and statutory services to establish positive relationships.

We are proud of our staff retention levels and strive to continually develop our workforce.

We look to develop our community offer with increased wellbeing support packages to people living in their own homes across Birmingham.

Information on fundraising practices

The charity has not undertaken any fundraising during the year.

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Jubilee Citizens UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Statement of trustees’ responsibilities

The trustees (who are also directors of Jubilee Citizens UK for the purpose of company law) are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements the trustees are required to:

• Select suitable accounting policies and then apply them consistently.

• • Observe the methods and principles in the Charities SORP (FRS 102). « Make judgements and accounting estimates that are reasonable and prudent. « State whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements.

• " Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are also responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the persons who are trustees at the time when the trustees’ report is approved has confirmed that:

• e So far as that trustee is aware, there is no relevant audit information of which the charitable company’s auditor is unaware, and

• e That the trustee has taken all the steps that ought to be taken to be aware of any relevant audit information and to establish that the charitable company’s auditor is aware of that information

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

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Jubilee Citizens UK

(A company limited by guarantee)

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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Approved by order of the members of the board of trustees and signed on their behalf by:

Dr P M Kevern v4fqi[|] f[——__.] Chair of Trustees — Date: e [1-9-2

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Jubilee Citizens UK (A company limited by guarantee)

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF JUBILEE CITIZENS UK

Opinion

We have audited the financial statements of Jubilee Citizens UK (the ‘charitable company’) for the year ended 31 March 2024 which comprise the Statement of financial activities, the Balance sheet, Statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• e give a true and fair view of the state of the charitable company’s affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended.

• e have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• e have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions related to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Trustees report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not

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Jubilee Citizens UK (A company limited by guarantee) SS A EN EEE FSS INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF JUBILEE CITIZENS UK (CONTINUED)

Other information (continued)

cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

• In our opinion, based on the work undertaken in the course of the audit:

• e the information given in the Trustees’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• e _ the Trustees’ report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatement in the Trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.

• e adequate and proper accounting records have not been kept by the charitable company, or returns adequate for our audit have not been received from branches not visited by us; or

• e __ the financial statements are not in agreement with the accounting records and returns; or e _ certain disclosures of trustees’ remuneration specified by law are not made; or e we have not received all the information and explanations we require for our audit; or e the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the Trustees’ report and from the requirement to prepare a Strategic report.

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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Jubilee Citizens UK (A company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF JUBILEE CITIZENS UK (CONTINUED)

Responsibilities of trustees (continued)

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under the Companies Act 2006 and report in accordance with this act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below:

Our assessment focussed on key laws and regulations the charitable company has to comply with and areas of the financial statements we assessed as being more susceptible to misstatement. These key laws and regulations included but were not limited to compliance with the Companies Act 2006, Charities Act 2011, taxation legislation, data protection, anti-bribery and employment legislation.

We are not responsible for preventing irregularities. Our approach to detecting irregularities included, but was not limited to, the following:

• e obtaining an understanding of the legal and regulatory framework applicable to the charitable company and how the charitable company is complying with that framework, including agreement of financial statement disclosures to underlying documentation and other evidence.

• e obtaining an understanding of the charitable company’s control environment and how the charitable company has applied relevant control procedures, through discussions with trustees and other management and by performing walkthrough testing over key areas.

• e obtaining an understanding of the charitable company’s risk assessment process, including the risk of fraud.

• e reviewing meeting minutes of those charged with governance throughout the year; and

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4 October 2024

Jubilee Citizens UK

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

		Unrestricted	Total	Total
		funds	funds	funds
		2024	2024	2023
	Note	£	£	£
Income from:
Donations		-	-	500
Charitable activities	3	1,541,698	1,541,698	1,379,902
Investments		27,881	27,881	8,907
Other Income	4	6,000	6,000	6,000
Total Income		1,575,579	1,575,579	1,395,309
Expenditure on:
Charitable activities	5	1,184,258	1,184,258	1,007,267
Total expenditure		1,184,258	1,184,258	1,007,267
Net movement in funds		391,321	391,321	388,042
Reconciliation of Funds:
Total funds brought forward		1,352,751	1,352,751	964,709
Net movement in funds		391,321	391,321	388,042
TotalFundsCarriedForward		1,744,072	1,744,072	1,352,751

The notes on pages 17 to 33 form part of these financial statements.

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Jubilee Citizens UK

(A company limited by guarantee)

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 Registered number: 04492376

			2024		2023
	Note		£		£
Fixed assets
Tangible assets	8		:		-
Investments	9		2		2
			—		a
Current assets
Debtors	10	46,843		31,282
Cash at bank and in hand	13	1,775,056		1,514,923
		1,821,899		1,546,205
Creditors: amounts falling due in less
than oneyear	11	(77,829)		(193,456)
Net current assets			1,744,070		1,352,749
Net assets			1,744,072		1,352,751
Charity funds
Unrestricted funds		1,744,072		1,352,751
Totalfunds			1,744,072		1,352,751

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Jubilee Citizens UK

(A company limited by guarantee)

BALANCE SHEET (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Registered number: 04492376 I rT RE RE

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to small companies’ regime.

The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:

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Dr PM Kevern HAN—
Chair of Trustees Panel
Date: ie is at
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The notes on pages 17 to 33 form part of these financial statements.

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Jubilee Citizens UK (A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2024|2023| |£|£| |Cash|flows|from|operating|activities| |Net|cash|used|in|operating|activities|(Note|12)|260,133|349,810| |Change|in|cash|and|cash|equivalents|in|the|year|260,133|349,810| |Cash|and|cash|equivalents|at the|beginning|of the|year|1,514,923|1,165,113| |Cash|and|cash|equivalents|at the|end|of the|year|(Note| |13)|1,775,056|1,514,923| |The|notes|on|pages|17|to|33|form|part|of these|financial|statements.|

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Jubilee Citizens UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 General information

Jubilee Citizens UK is a charitable company limited by guarantee and is registered with the Charity Commission (Charity Registered Number 1095555) and Registrar of Companies (Company Registration Number 04492376) in England and Wales.

Its registered office is 76-78 Boldmere Road, Sutton Coldfield, West Midlands, B73 5TJ. Its principal activities the delivery of support services for elderly people.

Company status

The company is a private company limited by guarantee. The members of the company are the trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

2 Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Jubilee Citizens UK 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. The financial statements are presented in sterling, which is the functional currency of the charity, rounded to the nearest pound.

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Jubilee Citizens UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2 Accounting policies (continued)

2.2. Going concern

The financial statements have been prepared on a going concern basis as the Trustees have concluded that having regard to the charities resources and there being no material uncertainties. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the Charity to be able to continue and as a going concern.

2.3

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

2.4 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

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Jubilee Citizens UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2 Accounting policies (continued)

2.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated based on time spent, and depreciation charges allocated on the portion of the asset's use.

Support costs are those costs incurred directly in support of expenditure on the objects of the company. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 +‘Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

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Jubilee Citizens UK (A company limited by guarantee)

SS A A 5S SS SS SD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2 Accounting policies (continued)

Depreciation is charged to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:

Office equipment - 20% per annum on cost.

2.8 Investments

Investments in subsidiary undertakings are held at cost, net of any provision for impairment.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

2.10. Cash at bank and in hand

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

2.11. Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

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Jubilee Citizens UK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2 Accounting Policies (continued)

2.11. Liabilities and provisions (continued)

Provisions are measured at the best estimate of the amounts required to settle the obligation.

2.12. Pensions

The charity operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2.13 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.14. Consolidation

The charity is the parent undertaking of a small group. The charity's sole subsidiary undertaking is effectively dormant and therefore the charity has not prepared consolidated financial statements. These financial statements therefore present the information about the individual undertaking and not the group.

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Jubilee Citizens UK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

3 Income from charitable activities

Income from charitable activities
	Unrestricted	Total
	funds	funds
	2024	2024
	£	£
Service user contributions	65,603	65,603
Contracts forcare and support services	1,472,895	1,472,895
Digitalise care records	3,200	3,200
Total 2024	1,541,698	1,541,698
	Unrestricted	Total
	funds	funds
	2023	2023
	£	£
Service user contributions	73,718	73,718
Contracts for care and support services	1,280,390	1,280,390
ASC Discharge fund	25,794	25,794
Total2023	1,379,902	1,379,902

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Jubilee Citizens UK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4 Income from other income

Income from other income
	Unrestricted	Total
	funds	funds
	2024	2024
	£	£
Management recharges	6,000	6,000
Total 2024	6,000	6,000
	Unrestricted	Total
	funds	funds
	2023	2023
	£	£
Management recharges	6,000	6,000
Total2023	6,000	6,000

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Jubilee Citizens UK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

5 Analysis of expenditure by activities

					Activities
					undertaken directly	Support Costs	Total funds
					2024	2024	2024
					E	£	£
Relief	ofthe	elderly	and	disabled	919,356	264,902	1,184,258
Total					919,356	264,902	1,184,258
					Activities
					undertaken directly	Support Costs	Total funds
					2023	2023	2023
					z	£	z
Relief	ofthe	elderly	and	disabled	771,152	236,115	1,007,267
Total					771,152	236,115	1,007,267

24

Jubilee Citizens UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

5 Analysis of expenditure by activities (continued)

Analysis of direct costs

Analysis of direct costs
		Total
	Activities	funds
	2024	2024
	£	£.
Staff costs	903,490	903,490
Stafftravel	1,928	1,928
Recruitment	1,315	1,315
Training	1,293	1,293
Care Quality Commission registration	2,634	2,634
Health & safety	2,784	2,784
Cleaning & consumables	22	22
Printing, postage & stationery	99	99
Telephone	2,053	2,053
Bad debts provided for or written off	3,738	3,738
Total	919,356	919,356
		Total
	Activities	funds
	2023	2023
	£	E
Staff costs	760,113	760,113
Stafftravel	1,193	1,193
Recruitment	2,693	2,693
Training	420	420
Care Quality Commission registration	2,699	2,699
Health & safety	599	599
Cleaning & consumables	236	236
Printing, postage & stationery	311	311
Telephone	799	799
Bad debts provided for orwritten off	2,089	2,089
Total	771,152	771,152

25

Jubilee Citizens UK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

5 Analysis of expenditure by activities (continued) Analysis of support costs

Analysis of supportsupport costs
	Activities	Total funds
	2024	2024
	£	£
Staff costs	129,859	129,859
StaffTravel	532	532
Rent and rates	20,000	20,000
Insurance	8,495	8,495
Consumables	1,449	1,449
Printing, postage and stationery	881	881
Telephone	2,758	2,758
Bank charges	1,413	1,413
Legal and professional fees	615	615
Management fees	86,000	86,000
Governance costs	12,900	12,900
Total	264,902	264,902

26

Jubilee Citizens UK (A company limited by guarantee)

a

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

SSS SSS

5 Analysis of expenditure by activities (continued) Analysis of support costs (continued)

Analysis ofsupport costs	Activities	Total funds
	2023	2023
	£	£
Staffcosts	114,294	114,294
Stafftravel	554	554
Recruitment	746	746
Training	2,046	2,046
Depreciation	884	884
Rent and rates	12,000	12,000
Insurance	6,428	6,428
Consumables	204	204
Printing, postage and stationery	660	660
Telephone	3,528	3,528
Bank charges	1,393	1,393
Legal and professional fees	378	378
Managementfees	81,000	81,000
Governance costs	12,000	12,000
Total	236,115	236,115

27

Jubilee Citizens UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6 Auditor's Remuneration

The auditor's remuneration amounts to an auditor fee of £12,900 (2023: £12,000), and other compliance services of £Nil (2023: ENil).

7	Staffcosts	2024	2023
		£	£
	Wages and salaries	963,995	816,545
	Social security costs	54,611	47,484
	Pension costs	14,743	10,378
		1,033,349	874,407

The average number of persons employed by the charity during the year was as follows:

	2024	2023
	No.	No.
Management and administration	7	7
Domestic and care support	50	45
	57	52

No employee received remuneration amounting to more than £60,000 in either year.

There are also amounts of £72,609 (2023: £76,752) in relation to costs of agency staff which have been included in wages and salaries but have not been reflected in the staff numbers.

Jubilee Citizens UK is managed by staff at Age Concern Birmingham and therefore no payments made to key management personnel (2023: Nil).

28

Jubilee Citizens UK (A company limited by guarantee)

SSS SSS St SSS

SS

SSS Ses

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

[a a a a a ES

8 Tangible fixed assets

Tangible fixed assets
	Office
	Equipment
	£
Cost
At 1 April 2023	5,619
Additions	-
Disposals	3
As at 31 March 2024	5,619
Depreciation
At 1 April 2023	5,619
Charge forthe year	-
Disposals
As at 31 March 2024	5,619
Net Book Value
At 31 March 2024	-
At31March2023°	-

29

Jubilee Citizens UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

9 Fixed Asset Investments

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Investments| |in| |Subsidiary| |Companies| |£| |Cost| |At|1|April|2023|2| |At|31|March|2024|2| |Net|Book|Value| |At|31|March|2024|2| |At|31|March|2023|2| |Principal|Subsidiaries| |The|following|was|a|subsidiary|undertaking|of the|charity.|

----- End of picture text -----

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Name|Holding| |Jubilee|Citizens|Enterprises|C.1.C|100%| |The|financial|results|of the|subsidiary|for the|period|were:| |Name|Net|assets| |£| |Jubilee|Citizens|Enterprises|C.1.C| |Net|assets|as|at|31|March|2023|(407)| |Movement|in|year|(15)| |Net|assets|as|at|31|March|2024|(422)|

----- End of picture text -----

30

Jubilee Citizens UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10	Debtors	2024	2023
		£	&
	Trade debtors	17,561	9,943
	Amounts owed by group undertaking	422	407
	Amounts owed by related parties	-	261
	Other debtors	170	-
	Prepayments and accrued income	28,690	20,671
		__46,843	31,282
11	Creditors	2024	2023
		£	£
	Trade creditors	6,827	15,117
	Amounts owed to related parties	15,637	29,194
	Other taxation and social security	420	8,183
	Other creditors	3,590	92,375
	Accruals and deferred income	51,355	48,587
		77,829	193,456

31

Jubilee Citizens UK

(A company limited by guarantee)

SE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

SSS SSS SSS a a 9 i i

12 Reconciliation of net movement in funds to net cash flow from operating activities.

			2024	2023
			£	£
	Net income forthe period (as per Statement
	of Financial Activities)		391,321	388,042
	Adjustments for:
	Depreciation charges		-	884
	(Increase) in debtors		(15,561)	(3,520)
	(Decrease) in creditors		(115,627)	(35,596)
	Net cash provided by operating activities		260,133	349,810
13.	Analysis ofcash and cash equivalents
			2024	2023
			£	£
	Cash in hand		1,775,056	1,514,923
14	Analysis of net debt
				At 31
		At 1 April	Cash	March
		2023	Flows	2024
		3	£	£
	Cash at bank and in hand	1,514,923	260,133	1,775,056
		1,514,923	260,133	1,775,056

32

Jubilee Citizens UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

15 Pension Commitments

The company operates a defined contributions pension scheme.

The assets of the scheme are held separately from those of the company in an independently administered fund.

The pension cost charge represents contributions payable by the company to the fund and amounted to £14,743 (2023: £10,378).

Contributions totalling £2,967 (2023: £2,115) were payable to the fund at the balance sheet date and are included in creditors.

16 Related Party Transactions

.

At the year-end a balance of £422 was due to the charity from its subsidiary, Jubilee Citizens Enterprises CIC (2023: £407 due to the charity) and was included within amounts due from group undertakings.

During the year, the activities of the charity were managed by Age Concern Birmingham, a charity which has the same trustees. Under the provisions of SORP (FRS102) the entities do not meet the formal criteria of control and therefore for statutory reporting purposes are not treated as a group but for strategic and management purposes the trustees consider the two entities to form part of the same group.

During the year, purchases of £127,984 (2023: £120,035) were made from Age Concern Birmingham the charity and sales of £7,287 (2023: £24,738) were made to the charity.

Age Concern Birmingham has made a management charge to the charity of £80,000 (2023: £75,000). At the year-end £15,637 (2023: £29,194 due to) was due to Age Concern Birmingham and E£Nil (2023: £261) was due from Age Concern in Birmingham Trading Ltd.

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