REGISTERED COMPANY NUMBER: 05317292 (England and Wales) REGISTERED CHARITY NUMBER: 1107811 Report of the Trustees and Unaudited Finaneial Statements for the Year Ended 31 January 2025 for JUBILEE FIELDS COMMUNITY ASSOCIATION Mitchells Grievson Chartered Accountants Kensington House 3 Kensington Bishop Auckland Co. Durham DL14 6HX
JUBILEE FIELDS COMMUNfTY ASSOCIATION Contents of the Finalleial Statements for the year ended 31 January 2025 Page Reference and Administrative Detsils Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 13
JUBILEE FIELDS COMMUNITY ASSOCIATION Ref¢ren¢e and Administrative Details for the year ended 31 January 2025 TRUSTEES H H&nrdtty (Chair} V Fenton (resigned 31.8.2024) J Box (Treasurer) S Quinn N Hanratty K Mortimer D Franklin (Vice Chair) (appointed 22.5.2024) C L Storey (appointed 22.1.2025) N Cleasby (appointed 22.1.2025) REGISTERED OFFICE Jubilee Fields Community Centre Unit 3, Jubilee Road Shildon Co. Durham DL4 2AL REGISTERED COMPANY NUMBER 05317292 (England and Wales) REGISTERED CHARITY NUMBER 1107811 INDEPENDEiYf EXAMIIYER Mitchells Grievson Chartered Accountants K¢nsington House 3 Kensington Bishop Auckland Co. Durham DL14 6HX COUNCIL REPRESENTATIVES (NON-VOTING) Cllr David Bell (Mayor of Shildon Town Council) Page I
JUBILEE FIELDS COMMUNITY ASSOCIATION (REGKSTERED NUMBER: 05317292) Report of the Truste for the year ended 31 January 2025 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 31 January 2025. 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 applicabl¢ in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019). OWECTIVES AND ACTIVITIES Vision and Mission Our vision and mission are the beart of all that we do along with the continual succession planning to retain existing staff, maintain the centre to a high standard and provide a safe and friendly environment for adultslchildrenlyouThg people and their families to engage in the servi¢es and activities the centre has to offer. 2024 has been another outstanding year for Jubilee Fields Community Centre, as we continue to grow and strengthen our role as a vital hub for the local community. Building on the momentum of our governance and staffing review. we were pleased to welcome a fillther two new trustees to the Board. Their experience and fresh perspectives have enhanced the collective skills and capacity of the Trust, enabling more strategic oversight and future planning. Our team have worked tirelessly and successfully to secure essential funding, as well as facilitate much needed activities that keeps our c¢ntre running for the ben¢fit of all users. One of ow most significant achievements this year was securing a multi-year grant from the National Lottery Reaching Communiti¢s Fund. which will contribute to staff salaries over the next three years-providing a crucial foundation for long-tenn planning and stability. We also introduced a new Volunteer Co-ordinator role, dedicated to developing and supporting our volunteers. This has already led to greater engagement and improved training pathways, with the centre now actively working towards achieving Volunteer Kitemark status, recognising the quality and impact of our volunteer support framework. Throughout the year, we have continued to see an increase in footfall and participation as individuals regain confidence in retLllning to conununity spaces, Our wide rang¢ of s¢rvic¢s and activities - ranging from Social and wellbeing groups for men, women, and children, to employability support and accredited training - have played an important role in improving community health, reducing isolatioo and enhancing life opportunities for local people. We were also deligbted to welcome new us¢r groups to the centre, while continuing to nurture long-standing relationships with established partners. These collaborations have allowed us to diversify our programm¢ and respond more effectively to the changing needs of our community. As always, we remain grateful to our fund¢rs, supporters, and parthers for their conlinued encouragement and investment. Your contributions enabl¢ us to deliver high-quality, inclusive services that make a Teal difference to the lives of p¢ople in Jubilee Fields and beyond. We look forward to building on this success a5 we move into 2025 and continue to create positive, lasting impact for our community. A huge thank you goes lo the following for their continued support: The Ballinger Trust Bishop Auckland & Shildon ATea Action Partnership County Durham Community Foundation Councillor Shirley Quinn Durham Community Action Durham County Council Livin Mears Group National Lottery Reaching Community Fund PPG Colourful Communittes Pioneering Care Partnership {PCP) Point North Shildon Town Council and the MayoTS Fund The Banks Group The Scotto Charitable Trust UK Shared Prosperity Funding Pag¢ 2
JUBILEE FIELDS COMMUNfTY ASSOCIATION (REGISTERED NUMBER: 05317292) Report ofthe Trustees for the year ended 31 January 2025 FINANCIAL REVIEW Reserves policy Th¢ Management Committee consider it prudent to maintain unrestricted funds, which are the free reserves of the charity, at the lev¢1 of three months of core cost expenditure and redundancy entitlernents. The reserves are mainly represented by the actual community centre building, to include all rtUreS, fittings and equipment totalling £382,503 (2024 - £379,216) . Working Capitsl reserves of £24,720 (2024 - £13,468) are considered satisfactory. Risk Mana ment An ongoing review process has revealed major funding opportunities available to the company and also any risks to which it is exposed. The Management Committee reviews fmancial activities regularly, with remedial action tak¢n to compensate for any projected fimding shortfall or overspend. Internal risks are minimised by the authorisation pr.ocedures in place for all transactions. STRUCTURE, GOVERNANCE AfAD MANACEMENT Constitution and Objeets Jubilee Fields Community Association is considered under memorandum and articles of association dated 20th December 2004 and is &. registered charity (Charity Number 1107811). It is limited by guaTante¢, The Company was registered with the same name and objectives as the original charitable trust (Company Number 05317292). On 26th January 2005, the company was recognised as charitable by the Charity Commissioners for England and Wales (Charity Number 1107811). The trustee directors at the year end are set out on page l. No director had a beneficial interest in the company. Since 3 1st January 2005, the charitable company has continued the work of the original charitable trust, following the transfer of the trust's assets and liabilities. The original charitable trust was wound up and remov¢d from the Charities Conuni55ion gIster on 14th June 2005. The company's objectives ar¢ to promote the benefit of the inhabitants of Jubilee Fields Estate and neighbourhood defmed by Shildon Town (the area of benefit) without distinction of sex, sexual orientation, race of political, r¢ligious or other opinions by associating together the said inhabitants and the local authorities. voluntary and other organisations in common effort to advance education and to provide facilities in the interest of social welfare for the recreation and leisure time occupation with the object of improving conditions of life for the said inhabitants. To maintain and manage the Community Centre in furtherdnce of these objects. Orggnisational structure The trustee directors who have served during the period since the year end are set out on page l. The directors of the company are also charity truslees for the punyoses of company law. Under the requirements of the Memorandum and Articles of Association the trwstee directors are elected to serve for a period of three years after which they must be re-elected at the next Annual G¢neral Meeting. The charitable company is managed by the board of trustees which comprises not less than three trust¢cs. The opportlmity for appointment as a tntee is promoted widely and Trnfornial meetings for those who are pofrntially interested in becoming trustees are undertaken to infonn them of the charity and the role and responsibilities of the trnstees Approved b order of the board of trustees on 3 June 2025 and sign¢d on its behalf by: J Box - Trustee Page 3
Independent Examiner's Report to the Trustees of Jubilee Fields Community Assoelatioll Independent examiner's report to the trustees of Jubilee Fields Community Association ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its dir¢ctors for th¢ pu4)os¢s 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 ale eligible for independent ¢xamination. I report in r¢spe¢t of my examination of your ¢haTity'S accounts as Carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In canying 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 confllm 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 th¢ 2006 Act. or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of th¢ 2006 Act other than any requirement that the accounts give a true and fair view wllich is not a matter Considered as part of an indq)endent 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 treland (FRS 102)). I have no concerns and have corne across no other matters in connection with the examination to which attention should be drawn in this report in order to enabl¢ a proper understanding of the accounts to be reached. Mr Nigel Rea FCA Mitchells Grievson Chartered Arcountants Kensington House 3 Kensington Bishop Auckland Co. Durham DL14 6HX 3 June 2025 Page 4
JUBILEE FIELDS COMMUNITY ASSOCIATION Statement of FRnanclal Aetivities for the year ended 31 January 2025 2025 Total funds 2024 Total funds Unrestricted fimds Restricted fund Notes IiYCOME AND ENDOWMENTS FROM Charitable activities Funding for salaries and centre costs 50,117 102,245 152J62 125,416 Other trading adivities Investment income 4,190 186 450 4,640 186 1,812 112 Totsl 54,493 102,695 157,188 127,340 EXPENDITURE ON Charitable activitles Funding for salaries and centre costs 56,485 91,628 148,113 126,509 NET INCOMEI(EXPENDITURE) Translers between funds (1.992) 16,531 11,067 (16,531) 9,075 831 13 Net movement in funds 14539 (5.464) 9.075 831 RECONCILIATION OF FUNDS Total flmds brought forward 392,684 30,477 423,161 422,330 TOTAL FUNDS CARRIED FORWARD 407,223 25,013 432236 423.161 The notes forni part of these financial statements Page 5
JUBILEE FIELDS COMMUNITY ASSOCTION (REGISTERED NUMBER: 05317292) Balance Sheet 31 January 2025 2025 Total funds 2024 Total fidS Unrestricted funds Restrict¢d fimd Not¢s FIXED ASSETS Tangible assets io 382,504 382,504 379,217 CURRENT ASSETS Debtors Cash at bank and in hand 5J06 21,090 5,306 46.103 3,732 41,802 2S013 26J96 25,013 51,409 45,534 CREDITORS Amounts falling due within one year 12 (1,677) (1,677) (1,590) NET CURRENT ASSETS 24,719 25,013 49,732 43,944 TOTAL ASSETS LESS CURRENT LIABILITIES 407,223 25,013 432,236 423,161 NET ASSETS 407,223 25,013 432,236 423,161 FUNDS Unrestricted ndS Restricted funds 13 407,223 25,013 392,684 30,477 TOTAL FUNDS 432,236 423,161 Th¢ charitable company is entitled to exemption from audit under Section 477 of th¢ Companies Act 2006 for the year ended 31 January 2025. The members have not r¢quired the company to obtain an audit of its fmancial statements for the y¢ar ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006. The trnstees acknowledge their responsibilities for (a) ensuring that the charitabl¢ company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing fmancial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each fmancial year and of its surplus or deficit for each fmancial year in accordance with the requirements of S¢¢tions 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to fmancial statements, so far as applicable to th¢ charitsble company. (b) The notes fonn part of these fmancial statements Page 6 Continued...
JUBILEE FIELDS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 05317292) Balance Sheet - continued 31 January 2025 These fu)ancial statements have been prepared in accordance with the provisions applicable to charilable companies subj¢rt to th¢ snMII companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 3 June 2025 and were signed on its behalf by: J Box - Trustee The notes fonn part of these fmancial statem¢nts Page 7
JUBILEE FIELDS COMMUNITY ASSOCIATION Notes to the Financial Statements for the year ended 31 January 2025 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 SORTr (FRS 102) 'Accounting and Reporting by Charities: Statement of R¢¢ommended 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 l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Rq)ubli¢ of Ireland, and the Companies Act 2006. The flllancial 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 fimds. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure &s soon as there is a legal or constrnctive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in s¢ttlement 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 cat¢gory. Where costs cannot be dir¢ctly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold propety Plant and machinery Fixtures and fittings 20/0 on cost 50/0 on cosl 200/0 on cost 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 pury)oses 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 pwpose of each fimd is included in the notes to the funcial statements. OTHER TRADING ACTIVITIES 2025 2024 Fundraising events 4,640 1,812 Page 8 coniinued...
JUBILEE FIELDS COMMUNITY ASSOCIATION Notes to the Financial Statements - continued for the year ended 31 January 2025 INvESTmEr INCOME 2025 2024 Deposit account interest 186 112 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Funding for salaries and centre costs Funding for salaries and centre costs Income from activities Grants 41250 111,112 37,310 88,106 152J62 125,416 Grants received. included in the above. are as follows: 2025 2024 Durham County Council Pioneering Care Partnership Mears Foundation The Frank & Phillis Scotto Trust Fund Livin - Community Regeneration Fund Shildon Town Council County Durham Community Foundation/Point North PPG Colourful Con)munities Barclays Barbour Foundation Sir James Knott National Lottery Reaching Community Fund Northern Powergrid Foundation UK Shared Prosperity Fund Durham Community Action Ballinger Charitable Trust 25,110 250 3,805 500 loo 3,320 2,000 I,ioo 6,976 36,030 1,000 2,000 5,000 6.500 19,775 3,745 8,908 16,000 13,290 28,809 5,1)00 10,000 111,112 88,106 CHARITABLE ACTIVITIES COSTS Direct Costs Support costs Totals Funding for salaries and centre costs 91,628 56,485 148,113 Page 9 continued...
JUBILEE FIELDS COMMUNITY ASSOCIATION Notes to the Finaneial Statements - eontinued for the year ended 31 January 202S NET INCOMEI(EXPENDrruRE) Net income/(expenditure) is stated after chargingl(crediting): 2025 2024 Depreciation- owned &ssets 13244 11,672 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for th¢ year ended 31 January 2025 nor for the year ended 31 January 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024. STAFF COSTS 2025 2024 Wages and salaries 40,915 32,302 40,915 32,302 The average monthly number of employees during the year was as follows: 2025 2024 Management and administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfivITIES Unrestrictsd fiu]ds Restricted fund Total fimds INCOME AND ENDOWMENTS FROM Charitable activities Funding for salaries and centre costs 37,310 88,106 125,416 Other trading activities Investment incom¢ 1,811 1,812 112 112 Total 37,423 89,917 127,340 EXPENDITURE ON Charitable activities Funding for salaries and centre costs 60,747 65,762 126,509 NET INCOMEI(EXPENDITURE) Transfers between funds (23,324) 19,775 24,155 (19,775) 831 Net movement In funds (3,549) 4,380 831 Page 10 continued...
JUBILEE FIELDS COMMUNITY ASSOCIATION Notes to the Financial Statements - continued for the year ended 31 January 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds fund Total funds RECONCILIATION OF FUNDS 'rotal funds brOu1t forward 396,233 26,097 422.330 TOTAL FUNDS CARRIED FORWARD 392,684 30,477 423,161 io. TANGIBLE FIXED ASSETS Fixtures Freehold property Plant and Mhinery rittings Totals COST At l FebrLWy 2024 Additions 571,141 19,775 8,847 16531 599,763 16,531 At 31 January 2025 571,141 19,775 25,378 616,294 DEPRECIATION At l February 2024 Charge for year 211,451 11,423 249 989 8,846 832 220,546 13,244 At 31 January 2025 222.874 1.238 9,678 233,790 IYET BOOK VALUE At 31 January 2025 348.267 18,537 15,700 382,504 At 31 January 2024 359.690 19,526 379217 ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors 1,378 3,928 3,732 SJ06 3,732 Page 11 continued...
JUBILEE FIELDS COMMUIYITY ASSOCIATION Notes to the Financial Statements- continued for the year ended 31 January 2025 12. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors Accrned expenses 102 1,575 1,590 1,677 1,590 13. MOVEMENT IN FUNDS Net mov¢ment in funds Transfers between funds At 31.1.25 At 1.2.24 Unrestricted funds General fund Desiglated 13,468 379,216 (1,992) 13,244 3287 24,720 382,503 392.684 (1,992) 16,531 407,223 Restrieted funds Restricted 30,477 11,067 (16,531) 25,013 TOTAL FUNDS 423,161 9,075 432,236 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in fullds Unrestricted funds General flmd $4,493 (56,485) (1,992) Restricted funds Restricted 102,695 (91,628) 11,067 TOTAL FUNDS 157,188 (148,113) 9,075 Page 12 continued...
JUBILEE FIELDS COMMUNITY ASSOCIATION Notes to the Financial Statements - continued for the year ended 31 January 2025 13. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds Transfers between fijnds At 31.1.24 At 1.2.23 Unrestricted funds General fund Designated 25,120 371.113 (23,324) 11,672 8,103 13,468 379,216 396,233 Restricted funds Restricted (23,324) 19,775 392,684 26,097 24,155 (19,775) 30,477 TOTAL FUNDS 422,330 831 423,161 Comparative net movement in funds, included in the abov¢ are as follows: Incoming resources R¢sources expended Movement in funds Unrestrieted funds General fund 37,423 (60,747) (23,324) Restricted funds Restricted 89,917 (65,762) 24,155 TOTAL FUNDS 127,340 (126,509) 831 Transfers between funds Ca ital Grant for urchase of Di ital E ui ment During the year the Charity received a Capital Grant from UKSPF Community ffifrastrucrnre Funding in the sum of £16,747 to assist with digital support and equipment. Digital Equipment was purchased for the value of £16,53 land therefore this has been transfeed from restricted funds unrestricfrd (designated) n(l9. RELATED PARTY DISCLOSURES 14. During the year, th¢ directors and trustees of the charity hired out the community centre to other organisations with which they were also associated. The facility was made available on the same terns as are available to third party organisations. Page 13