REGISTERED COMF￿Ny JiJMBER: 06436328 ￿ngland 2nd Wales) tGISTERED CHARITY f4uMBEI R: 1123729 ort of tho Trustee5 and naudited Financial Stattments for the Year Ended 31 Marth 2024 for Jubilee hurch Hull 360 Accountants Limited 1 &19 Albion Street East Yorkshire HUI 3TG Jubilee Church Hull ConteDts of the Flnanelal Statem￿nts for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Finaneithl Activfitieg BalAnce Sheet 9 to 10 Notes to the Fin4n¢ial StAtemeDts 11 to 17 Delalled Slatemellt of FlnanclAI Aelivitles l8 to 19 Jubilee Chureh Hull ort of the Trustees for the Y￿r Ended 31 March 2024 The twsfres who are also directors of the charity for the purposes of the Companies Act 2006, pi'esent their repoi't with the financial slalthnents of the charity for the year ended 31 March 2024. The twsices have adopted the provisions of Accounting and Reporting by Charities: Siaiement of Recommended Practic¢ applicable to ch8Tilie5 preparing their accounts in accol￿ance witli the Financial Reponing Standard applicable in th¢ UK and Repiiblic of Ireland (FRS 102) (effective I January 2019), OBJECTIVES AND AcfiviTIES Values Statement The churcli lia5 a detail¢d values stalemeni which can be surnrnarised as follows: We are an evall8elical chiirch wliich looks lo express the love of God to those around us and build a community that is committed to worship. prayer, evangelism. diseipleship and building friendships ihat endorse family life where everyon¢ Can feel se¢ure enough to grow. Prdctices Adopted The cliurch primarily looks to fvlfil its objectives through Ihc following activities-. l. The Iiolding of weckly Sunday worsliip services ihal ait open to all. Services include worship of God, pr¢achiiig from Th¢ Bible, prayer. tl)e baptism of believers and communion. 2. A wide range of evaiigelislic activiti￿ which looks lo inlroduce people lo the Christian f8ilh. 3. Serving our local community through a Dumber of social action initiatives with a focus on ihose living in poverty, 4. Supporting families within our comm(Inity through the provision ofchildren's and youih activilies. 5. Creating spa¢¢5 for people to connect through our Life Groups which meet in locations around the region during the week. 6. Tlie development of ¢hur¢h members Ihroiigh Iraininbi and discipleship probv4rnffl￿. 7. The estsblishing of llew church communities through church planlin& 8. Creating parliierships ivith otlier organisalions and working iogeiher lo increase the impact ive can liave, The trusiee5 regiilarly review the objective5. purpose5. and activities of the charity and as part of this review. Iliey have considcred the Cliarity Commission's general guidance on public benefit and. in particular. ils supplementary piibli iidan¢e on the advancement of religion for the public benefit. ACHIEVEMEIYT AND PERf,ORMANCE Investment performance The charitys surplus fvnds are rctain¢d in a ￿￿rent account with Unity Trust Bank. Th¢ truste￿ have power to invest any money belonging to the Gharity as they see fit. Page I Jubilee Church Ilull ort of the Trustees ror the Year Ekded 31 March 2024 ACHIEVEMENT AND PERFORMANCE Tlie charity ¢arries oul a wide range of activities in pursuance of its charitable aims. The trustees consider tliat ihese aeiivities, as $Wnn￿riSed below. provide benefit both to active niembers of the cl)urch aud to the wider comniuniry of14u]l. l. Sunday Seivices We pi'ovided weekly wor51)ip services gathering around ISO peopk each Sunday. These seivices contillued to be slreained oiiliije so those ut]able to attend could still engage which was especially important for tbose who are vulnerable. The Ollline ¢iivilies also helped provide d place for new people to conDect and engage wtih the cl)Iwch. We continue to work towards creating a diverse. multiss 4 siles with il)e suppori oflwenty-six tutorslvoliinteers. Courses included addiction support. En81ish classe5 for a5ylvm seeka3lrefugee4 ¢ookery lesson5 aiid craft se5510n8, We ¢oiilinLi¢d lo run a 'drop-in' dwiiig the week to lielp engage wilh the home]￿ gnd needy cornmunity, pfc*vidiug hot drinks, showers. and laundry facilities. These drop ins have seeji 308 people access tl)e clothing store, 538 Showers aiid 345 loads of clothes w&shed. Tlie Big Issiie in the North continues lo be di$lribuied frorn Jubilee Ceniral and ovei¥een by Jubilee Chiirckn. This project bas suppoi'led 22 iJdividuAls to make a living from working rather than begging. Tbc building also continues to acl as a dislribuiion hiib for Hull Foodbank and we 81s0 provide wa￿h01￿C facililies foi their food. 4. Children's ai)d Youth AclivitiL's We have continued to provide activitie5 for pre-school and prirnary school aged children every Sunday with over 60 children engagii)g in aciivilies. We I￿ve also run toddler groups ruiintn8 in Iwo locations each week (Jiibilee Central and Edinbursh Street Community C¢tLlr¢l. In August 2023 w¢ ran a sun]mer club for 4-1 l y¢ar olds with 25 cliilditn engaging with these a¢liviiies and as part ofthis we Tan a family fun day which saw over 250 people comin8 through the church doors. We have provided itgularly aciivities for I1-18s with meetings 011 botli Friday eveiiings and Sui)day n)orning5. Approxiinately 30 young people have ¢ngaged with ihese activiti¢& 5. Lif¢ Groups We encoura8e all ¢burch members to g¢lively iDvolve thentselves in Ibe community durin8 the week as 4 pla¢e to build friendsbip and grow spiritually. This n)ainly happens tlrough OLIT life Groups,. These are small groups of churcli u]￿nber8 who ttie¢t in hom¢s across the regions and had 112 people en8agiDg with a¢tivilies in 14 group5 during Ibe year. We also continued to support tbe needs of our dIVe￿e congregation through our pastornl team which regularly met to review Il)e sysiems we have in place and make neCe￿ary changes. This in¢lud¢s a team who support those who are VLilnernble 4u)d niay not be able to fully engage in church activities including the elderly and Ibe ill. This team 8re able to provide additional ipport as well as making visits. 6. Training and Discipleship Page 2 Jubilee Chvrth Hull ort of the Trll5tee for the Year Ended 31 March 2024 ACHIEVEMENT AND PER￿ORMANCE We arranged. assisted, and sliPPOrted Church membcrs in attending various online conferences and traiiiing events throughout the year. Thi5 included taking ?6 members to Togeihev. a church conference in Durl)am ivhich happened in March 2024. We also l￿d 3 rnembers who ivere involved in leadership training in London witb Regions Beyond. 7. ChurGh Planling Our church plant, 'Freedon] Church, continued activities in North Hull with a small group of adults meeting w¢ekLy for worsliip se￿IC¢S. Duriii8 th¢ week, the team engaged with Ibe local comnwnity ihrough the Tuming of 'Jubilee Lite College, courses, a foodbank and a weekly %varm space. to serve local residcnts. DLTring the year wc have continued lo support a church in Malawi called Trinity Church ZombA'. Our tean) have beeii involved in lrnining and supporting the team in Malawi with a leam from Hull due to visit in 2024. We have also held rnonlhly meetings in Hedon and in West Hull for chiirch members in that area willi Ilie latter Seeing opportlinities lo laun¢h new community activities. 8. P￿.1￿cEShIpS Over tlie last year we have worked ivith a number of oiher churches in the locality, region and inlernalionally. This has prirnv< ily been through our partnership with Regions Beyond and churclies linked lo the family of churches. We have V41so contiiiued to work with OUF paTther charity, Shine Relief iii Molawi. Locally> the Church is part of the Hull 2030 network locally and is part of the Evangelical Alliance. 9. Building We have continued lo s¢e oiir building being a key community resource in the City cenlre and our Irading ￿1b$idI8ry, Jubilee Central Ltd ha5 had a strong year wbich has enabled profit to be reinvcsled back into tbe church. We bave ci)n(inued to fiindraise for Ihe Full View Projecl, which aims lo redevelop Ihe frontage of our buildiiig and creat¢ café aiid commuiiity space. Money Taised from ehurch giving and from grants including Levelling Up Fuiiding has enabled us to work with oiir archit￿t to select a contractor with work due to begin July 2023 with tl)e aim of compl¢tion by Marcli 2025. The trnsl¢es are pleased with the overall outcomc of thc above in tern]s of rneeting the charity's stated objectives and are making plaiis lo ensure sustaiiiable growth and dev¢lopment of the churcli in the years to come. FINANCIAL REVIEW Fin￿ncial p051tlon Compared lo the previous year, this represents a small reduction in bolh income and expenditure. This is due 10 the in¢orne and expenditiire for Ilie building now bcing adTninist¢ied through Jubilee Cenlral Ltd. The cli￿1 incoine is sufficient to eet the nee1]5 of the chaTlty and the tn15tee5 are pleased with the overall financial position and sfatc of affaii'5 of the charity at the period end. The I￿￿tee5 are confident that the plans will secure lollg-terni sustainability of IIK charily and reniain optimistic as regards the charity's future. Invcstment policy and objeetiv¢s Tlie charity's surplils funds are retained on current account with Unity Thist Bank. The 1rn5t¢e5 liave power lo invest any money belonging to the charity as they see fit. R¢5erves policy It is the aim of the Irusle¢s lo ¢t￿eaVOur to achieve cash-backed unresiri¢ted funds, which are the free reserves of the oharity, al a ininim(irn of IOD/o of ihe Previous year's lotsl income witbin Ih05e funds. The trustees are aware that this was not rnet in tlie current year due to the chan8¢5 in operdtion and have Dtsde the necessary plans to ensure this continues in the fiitiwe. Page 3 Jubilee Church Hull ort of the Trustees for the Year Ended 31 March 2024 FUTURE PLANS Planued initiauves during the currelll ai)d subsequeot flluncial years includeld).. l. ContiiiLie to develop Ilie community work in North Hull and ensure Ili¢ cl)urch plant is established successfully and beconies fintlncially viable. 2. Continue to fundraisc in order to coniplete the works on The Bank. which in¢Ludes the credtion of a community café An liiie with our plazjs for tbe 'f￿1 Vxew Project. 3,Develop and expalld Jubilee's Life College aclivilles and seek new grant funding4.Continue to run Alpha courses and introduce faith lo Anor¢ people in our city. 4.woik with Jubilee Central Lid to colltlDUC lo develop the business to ¢nsure profitsbility and proceeds which will support WO￿ iii comniunity. 5.Conlinued support of Hull Foodbank ai)d Bi¥ Issue in lh¢ North. 6.Coiilinue integration of new methbers across all c￿tUral groups within the Chu￿14 and especially look foT opportunities io develop Iliose froin inlernalional backgrounds and give leadership opportunities. STRUCTL'RE, GOVERNANCE AND MANAGEMENT Governlng doeunient The chai'ity is ¢o)Jtrolled by ils governiiig document, a deed of ttiLs4 and constitutes a limiled company> limited by 8uardiitee, as defined by (he Coii)panies Act 2006. Jubil¢e Cliur¢h Hiill is a ¢oJnpany limiled by guaranlee arKI not baying a share capital. Tegislered iii England and Wales. It is governed by a Memorandum and Arttcle$ of Association dated 26 November 2007 alld was registered with the Chgrity Comini&8ion from 17 April 21K18. In the event of the company bein8 wound up. Inembers are required to contribule aji amoLkDt iiot exceeding £10. Appointment of Trustees New tiYsle¢s are tsppoinled on the ircommendaiion of exisiii)8 ttusteeslinembers. There is a required minimum of three liusiees but no maxiinuin liull￿er. Trust¢e5 Induction and Troining Tru5tee5 are already familiar with thc work of the charity. as they ale drawn from within the ChU￿b memberslup/ collgregalioii. The trustees hftve induction procedures lo ensure thai new trustees undersiand their Toles and obligations. As part of these procedure5. trusiees are also encouTr8ed to attend appropriate intern8Vext¢rnal training events to facilitste IhL undLI'luking of their rol¢5. OrganisAtion The malla8¢mellt and adnyinistralion of the cbarity is ullder Ibe ¢ODtrol of th¢ trustees who me¢1 quarterly. Day to day operntional matters are d¢l¢8ated lo the ¢hur¢h lead¢rs. Plans For Future Periods Plann¢d initialiv¢s during the current and subsequent fman¢ial years in¢ludeld)". CoLltii)Iie to develop tbe ¢on]munity work in North Hull and ensure ihe church plant is established successfijlly and becomes financially viable. Continue to ￿ndraISe in order to Complete the works on The Bank, in line with our plans for the'Full VieW Project. - Develop and expalld Jubil¢¢'s Life College activities Illld seek new granl fill)ding. - Coutiuue to nui Alpha courses and introduce faith to more people iu our city. Work with Jiibilee Central Lid lo develop lh¢ b￿lnesS to ensiue profithbility and pwc¢eds which will support work in Con]Mi￿lty. - Continue support of Hull Foodbank and Big Issue in the NortlL Coiiliniie inle8rntion ofn¢w membets across All cultural groups iyiihin the chur¢h. and especially l(K)k for opporlunilies to develop those froni inten)ationnl backgrounds and give leadership opportunitie5. Page 4 Jubll¢e Church llull ort of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and ti'aining nf new trustees Trnstees are alr¢ady familiar with Il)e ivork of the cllarity. as tbey are drawn from within tlie cburcli m¢mbershipl consregalioii. The trustees have indiiction proccdures to ensure that new trthstees undet51and tlieir roles and obligations. As parl of Ihe5e proc¢duIe& truslee5 aTe also encouraged to aitend appropriate internallexlernal training events to facilitate the Wid￿￿aki17g of their roles. RolAted parties Tlie cliarity operates tu)deT the oversigbtJdiTe¢tion of Regions Beyond (a charitsbk orLYiiisation which Ov￿.$ecS chiirch f0m￿tiOn and Iraiiiiiig initiatives). There are al80 close links with other churches in the Tegioii who are membcrs of the Regions Beyond fam?ly of cliurches. REFERE]¥CE AND ADMINISTRATIVE D￿AIll Registered Company numbcr 06436328 (England and Wal¢s) ReEtstered Charlty number 1123729 Regtstored offi¢0 62 King Edward Sireel Hull East Yorkshii'e HUI 3SQ Trustees Ms E F Mes8ingham Optometrist Mr C F Zan¢tti Coiisu118nl Mrs C Peacock Ms J Fox (appointed 241412023) Company S¢¢retAry Ms E F Me5singiiam ITrdepend¢nt Exarnlner Aiidrew Steele FCA TrCCA 360 A¢counl#nls Liinited 18-19 Albion Street Hull East Yorkshire HUI 3TG Bsnkers Unity Trust Bank PIC Nine Briiidleyplace Birnllngharn BL 2HB Approv￿ by ordcr of the board of iru5tees on ....... - and signed on its behalf by: Page 5 Jubilee Churcb Ilull ort of the Trustees ffor the Year Ended 31 Mareh 2024 Mr C F ZanetLi i'usi Page 6 Inde endent Eiaminer's Re ort to the Trustees of Jvbilce Chureh HulL Indopondcnt examiner's report to the trnstees ofJubilee Church Hull ('the Company,) I report lo rhe charity Irnslees on my examination of the accounts of the Coinpany for th¢ year ended 31 March 2024. Resp(Jnsibilities and basis of report As tlie chaTity's Iruste¢s of th¢ Cornpany (and also its direciors for the PUTpose5 of company law) you are responsible for the preparation of the accounts in accordance willi the Tequirements of the Companies Act 2006 ('Ilie 2006 Act). Having satisfied myself that the accoiints of the Company are not required to be audited uiider Part 16 of the 2006 Act and re eligible for independent examination. l Teport in respect of niy examitthlion of YOUT charity's accounls as carried out under Sectioii 145 of the ch￿￿tleS Act 201 I ('the 2011 Act). in canying out my examination I have followed ihe Directions given by tlie Charity Conmiission under Seelion 145(5> (b) of the 2011 Act. Indepeffident examiney's statemenl Since your charity¥ gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirn) that I am qualTfied lo undertake the examination becau￿ l am 8 member of the Institute of CliarteTed Accountants in Eiiglaiid a#d Wales, Ivhich is one of the listed bodies. I have completed iny exarninalion. I confinn tbal no matters have ¢om¢ to my attention in conneclion with ilie examination giving me Cause to b¢lieve: accounting records wcre not kept in respect ofthe Company as required by Section 386 of the 2006 A¢t; or the accounts do not accord witli th05¢ records- or the accoiints do not ¢omply with the accounting rffjuirem¢nts of Section 396 of the 2006 Act other Ilian any requirenient Il)at the accounts gryve a true and fair view ivhicl) 15 not a matter wnsidered as part of an independent exarninalion; or the a¢couiils liave rLOt been prepared in a¢cordance willi the methods and principles of the Statement of Recommended Practice for accounting and reporting by chariiies (applicable to charities prei)aTiLg Iheir accouiils ill accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Irelaiid (FRS 102)). I have 110 coiiceirs and have corne across no other matlcrs in connection with the examination to wliich atteiilion should be dr8wn in tliis report in order to enable a proper iindeislanding of the accounts to b¢ reaclied. Aiidr¢w Steele FCA FCCA The Iiistitul¢ of Chart¢red Accountants in England and Wales 360 Accountants Limited 18-19 Albion Street Hull Ea8t Yorkshire HUI 3TG Date- Page 7 Jubfilet Churcb Hull Statement of Finalleial Activlties for the Year Ended 31 March 2024 3113124 'rotsl fund$ 3113123 Tolal fuuds Unrestricied Reslricled fund Noles tNCOME AND ENDOWMENTS FROM Donations and le£a¢ies 375,626 375,626 403,52J Other ts'ading activities 2.673 2.673 3,737 Total 378,299 378,299 407.260 EXPENDITURE ON Raising funds 372,059 3,146 375,205 388,118 Nel gains on investments 278,404 NET INCOMC/(EXPLNDITURE) 6.240 {3.146) 3.094 297,546 RECONCILIATION OF FUNDS Total funds brought forward 696J75 19228 715,603 418,057 'roi'AL FUTr4DS CARRIED FORWARD 702,615 16,IK82 718,697 715,603 The notes forni pan of ih¢se financial statments Page 8 Jubilee Church Hull Balanee Sheet 31 March 2024 3113124 Total fund$ 3113123 Total fiiiids Unrestricted fjjnds Restricted fitnd Notes FIXED ASSII TS Taiigible assets Investments 1,194,846 loo ,194.846 loo 1,157,582 1,194946 1,194,946 1,157,582 C.URREror ASSETS Debtors Cash at bank and in hand 18,639 1,228 18,639 17JlQ 1 S,605 62,131 16.082 19,867 16,082 35,949 77.736 CREDITORS Ainounts falling due within on¢ year io {41,924) (41,924) 128,880) NET CURRENT ASSETS (22,057) 16,082 (5,975) 48.856 TOTAL ASSETS LESS CURRENT LIABILITIES 1,172089 16,082 1,188,971 ,206,438 CREDITORS Aniounts falling due aftcr rnore than one year (470,274) (470.274) (490,835) NEIT ASSETS 702,615 16,082 718,697 715.603 FUNDS Unre5tri¢ted funds Re8tri¢¢ed funds 13 702,615 16,082 696,375 19,228 TOTAL FUNDS 718,697 715,603 The charitable company is entitled to exemption from audit under Seclion 477 of the Cornpanies Act 2006 for tli¢ year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 Mar¢h 2024 in aceordancc with S¢ction 476 of the Companies ALI 2006. The Iruste¢s 11 cknowledgc Ih¢ir rc5ponsibililies for (a) ensuring ihat the charitable company keeps accountin8 records that comply with Sections 386 and 387 of the Companies Act 2006 and 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 Fiiiancial year and of its SUTplus or deficit for each financial year in ac¢ordl< nce with the requirements of Sections 394 and 395 and whi¢h oiherwise comply ivith the r¢quircrnents of the Cojnpanies A¢t 2006 relatin8 10 nancial stalemenls. so far a5 applicable to tlie charitable company. (b) The notes fonn paTI of these fiDancial stalemenls Pa¥e 9 continued... Jubilee Church Hull Balance Sheet- continued 31 M9rch 2024 These fLnancial stateinenTS have been prepared iu accordaiice with the provlsions applicable to cl￿ritable companies subject lo 11)e sii)all companies regime. The financial slalemenls were approved by the Board of Trustees and auihorised for T&sue on and were signed 00 its behalf by: ..l.11.. ILF............,.. MrCFZalle - Trustec The notes forn] part of Ihes¢ financial staiell)onts Page 10 Jllbilee Church Hull Notes to the FlnaJ)cial Statements for th¢Year Ended 31 MAreh 2024 AccuuwfiNG POLTCIES Basis of prepariiiE the fiRancial 5tAttn)ents The financial statements of the cl)aritable company. which is a public benefit entity under FRS 102, Iihve beeii prepared in accordance with the Charili¢s SORP (FRS I02) 'AccoimtlDg and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢coiints in accordance with t5Le Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) {effeclive l January 2019),, Financial Reporting Siai)dard 102 'The Financial Reporting Standard applicable ill the UK and Republic of Ireland, and the Cornpanies Aet 2006. The financial slalements have been prepared under the historical cosL conveiilion, with the exception of inve5tm¢nts whi¢h are included at market value, as modificd by the ￿ValuatiOn of certain assets. Income All income is recognised in Ilie Statement of Financial Activities oiice the charily has entitlernent to ihe funds, it is probable Iliat the incom¢ will be received and the amount can bc measured reliably. Expenditure Liubililies arc retO8nised as expenditure as soon as Ihcrc is a legal or con5trnclivc obligatioii ¢on)milting the charity lo tiiat expenditur¢, it is probablc that a ttartsfer of economic benefits will k reqiiir¢d in settlement and Ili¢ amouiil of the obligation can be measured reliably. Expcnditure is accounted for on an aecruals basis and has been classified under lieadings thai aggregate all cost related lo the calegory. Wliere costs ¢annoi be directly allribiited tn parti¢iilar headings they have been allocated to activities on a basis ￿nSIste￿t with the use of re5011I'¢¢S. Tangible fLied Asscts Depreciation is provided at tlie folloiving anllU81 rates in order to write off each asset over its estimated useful life. rreehold properry Fixtures and fillings Nil 200h on redu¢iiig bAlanc¢ Taxatlon The charity is exempt from ¢orporation tax on its charitable aclivities. Fund gccounting Unirslricled funds ¢an be used in accordan¢e wilh the charitable objeclives al the discretion of the trustees. Restt'icted funds can only be uscd for particular restricied purposes within the objects of the chaiity. Reslriclions arise whcn spL'cified by the donor or when fiind5 are raised for parlicular rcstrictgd piirposes. Further explanation Df the nalure and purpose ofeach fund is I￿luded in the notes lo the finaiicial staiemenls. OTIIER TRADING ACTivmES 3113124 3113123 Weekend AwayiFUsion￿eW Day 2,673 3.737 Pagell contiiiued... Jubilee Church Hull Notos to the Financial Stateménts - eontinued for the Year Ended 31 March 2024 NET INCOMEIffjXPENDITURE) Net income/(expenditure) is stated after charginW(erediling): 3113124 3113123 Depr￿latIOn - owned assets Deficit on disposal of fixed assets 11,959 2,733 2.172 530 TRUSTEES, REMUNERATION AND BENEFJTS S Whittington was 8 ttllstee of the ¢hariry until re5i8n8tion on I September 202? and r￿n￿llerated as an ¢mploye¢ r¢cciving £14,708. Trustees, oxpen5es The￿ We￿ no Iruslees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF cos'rs Tbe average ll)onibly nunther of eniployees during Ibe year was as follows: 3113124 3113123 10 Number of staff No eini)loyees receiv¢d emolumenrs in excess 01£60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre5trlc￿d nds Restriaed fuiid Total fiinds INCOME AND ENDOWTrIENTS FROM Donalioi)s and Icgacies 384295 19,228 403,523 Ollier trading uctivilics 3.737 3,737 Total 388.032 19.228 407,260 EXPEI NDITURE ON Raising funds 388.118 388.118 Net gains on inveslmenls 278.404 278,404 NET INCOME 278.318 19.228 297,546 RECONCILIATION OF FUNDS Total fjjnds brought forward 418.057 418.057 Page 12 continued... Jubilee Church Hull Notes to the Financial Statement5 - continued for tho Year Ended 31 Mxreh 2024 COMPARATJVES FOR THE STATEMENf OF FTNANCTAL A￿￿tTIEs - continued Unrestricted Restricted funds ruTbd Total ruiids TOTAL FUNDS CARRIED FORWARD 696.375 19.228 715.603 TANGIBLE FIXED ASSETS Fixtures and fittiiigs rreehold property Totals COST OR VALUATION At l April 2023 Additioils I,ioo,000 46,944 193,459 2279 1,293,459 49.223 At 31 Marcli 2024 1,146.944 195,738 lJ42,682 DEPRECIA TIO At l Api'il 2023 Ciiarge for year 135,877 11,959 135,877 11,959 At 3 E March 2024 147,836 147,836 NET BOOK VALUE At 3 l Mar¢h 2024 I,A46,944 47,902 1,194,846 At 31 March 2023 1,1 00,000 57.582 ,157,582 Cost or valuation at 31 Mareli 2024 is represented by: Fixtures and rittings Fr¢ehold property Total$ Valuation in 2023 Cost 278,404 868,540 278,404 1,064,278 195,738 1,146,944 195,738 1,342,682 Page 13 contiiiucd.-. Jubilee Church Hull Notes to tbe Fill*n¢ial Statements- eolltinued for the Year Ended 31 March 2 24 rilXED ASSET tNVESTMENTS unli￿ed invesiinents MARKET VALUE Additions loo NET BOOK VALUE At 31 March 2024 loo At 31 Marcli 2023 Tlieie were no inveslineni 18Sds outside the UK. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113n4 3113123 Trade debtors repaymeiits 4.438 14,201 7.738 7,867 18,639 15,605 io. CREDI'I'ORS: AMOUN'fs FALLING DUE WII'HIN of4E YEAR 3113124 3113123 Baiik loans and overdrafts (see note 12) Trnde creditors Social seeLirity and otber taxes Oilier ¢redilors Credit card 21.859 12J39 2,555 3,697 1,474 21,021 3,025 2,75? 875 1,207 41,924 28,880 Page 14 cojitinued... .Yubilce Church Hull Notes to the Flnanclal state￿ents - continued for Ihe Yoar Ended 31 March 2024 CREDITORS: AMOUNTS FALLTNG DUE AfTER MORE THAN ONE YEAR 3113124 3113123 Baiik loans (see nok 12) 470,274 490,835 12. LOANS An analysis of the maturity of loans is given below: 3113124 3113123 Amounts falling due within oiie year on demand: Bank loans 21,859 21,021 Anioiints falling due between two and five year5: Bank loans - 2-5 years 87,435 78,553 Amounts falling due in more than five years: Rep