REGigfERED COMPANY NUMBER: 06436328 (England and Wales) REGISTERED CHARITY NUMBER: J123729 orl of the Trusrees and nAudffited Fina ar ded 31 March 2025 for Jubilee Chureh Hull 360 Accounlants Limiied 18-19 Albion Street Hull East Yorkshire HUI 3TG
Jubilee Chttreh Hull Contents of the Financial Stat¢ments for the Year Ended 31 Marth 2025 Page Report of the Tru5tee$ Indcp¢ndent Exxminer's Report Stalement of Financial Aetlvlties Balanee Sheei Cash Floiy Slatement 10 Notes to tlie Cash Flow Statement Note5 to the Flnanclal Statements 12 to 20 Detalled Stxtement of FinAnclal A¢livi¢i¢5 21 to 22
Jubilee Church Hull Re ort of the Trustees for the Year Ended 31 iM2rch 2025 The liwstees ivho are also dire¢iors of Ilie charity for the purposes of the Coinpanies Act 2006J preseJ)t IheiT report with the fiiiai)cial stfttements of the charity for ihe year ended 31 March 2025. The tnlstecs have adopted the proiTisions of A¢coiinlingy and Reportin¥ by Charities: Stalemenl of Recommended Practice applicable lo charities preparing tl)eir accouiils in aeeol'dance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019). OBJECTIVES AND ACTIVITILS Valucs Siaiemenl Tlie ¢hiirch lias a detailed values stalenient which can be suniniarised as follows.- W¢ are an evangeli¢al cliurch wl)icli looks 10 cxpress the love of God lo ihose around us and build a comvnunily Ihal is commilted to worship, pray¢i', cvang¢lAsni. diseipleship and building friendships Ehat ¢iidorse family lifc where everyone can feel secure enough to grow. Praciiccs Adopted The churcli priinxrily looks lo fuif)l its objeciives through tli¢ following activities: I, The Iiolding of weekly Sunday worship services that are open to all. Services include worship of God, preaching from The Bible. prayer, the baptism of believers aiid communion. 2. A wide range of evangelisti¢ a¢livities which looks to iniroduce people to the Christian faith. 3. Seiving oui. local cominunity through a number of Social action initiatives with a focus on diose living in poverty. 4. Supporliiig fainilies within our communily through the provision of childr¢n's and youth acliviiies. 5. Creatingy spaces foi. people w conne¢t through our Life Groups which Inec¢ in localions around the region dui'ing thc week. 6. The developmeni ofchurch members through Irdining and disciplcsliip programines. 7. The establishing of new church COiTllnunities through church plantin& 8. Creating partnerships ivith other organisations and workiiig toge11r to in¢r¢ase Ilie impact iv¢ Cun have. The Iruslees I'egvularly review the objectives, purposes. and activities of the charily and, as part of (his review, Iliey have considered the Charity Commission's seneral guidance on public benefit and, in particular, its supplem¢niary public guidai)ce on the advaThcemenl ofreligion for the public benefit. Page I
Jubilee Church Hull ort of the Trustees for the Year Ended 31 March 202S ACHIEVELMENT AND PERFORMANCE Tliis year has been a Inajor year of chan¥e for the orgaiiisation as we began building works on renovating* tbe front of our building to create a new ¢nlran¢e aiid a create a café and con)muniry space. Works began on 1st July 2024 aiid reniain oiigoin&. Tliis has been a challenging period for the organisation as ive lost use of our front entrdnce which iinpacted how ive operdte. However, Lt was also an exciting time as we prepare to be able lo use our building to have an even greater impact in the cily. Works al'e due lo be completed by Auturnn 2025. Despite Iliese works. we have continued to see our building being a key comniuThity resource iii the ¢ity centre aiid our ftading subsidiary. Jubilee Cen1 Lid has had a strong year which has eDabl¢d profit be reinvested buck into tlie cliui'ch. Tl)e charity carries oul a wide range of acltvili¢s in pursuance of tts cliaritable aims. Tlie trustees consider (hat Iliese activitics, as suniinarised below, provide benefit both to aciive members of ihe chur¢h and lo the wider con?mui)ity of Hull. l. Sunday Servi¢es We piovided weekly worship services gaiheriny around 180 peoplc each Sunday. These services coniinued lo b¢ sir¢al)d online so thos¢ unable to attend could slill engage which was especially important for those who are vulnerable. The online activities also trLelped provide a place for new people to connect and en&yagie iviili Ilie cliurch. We coiiiinue lo woi'k towords citating a diverse, mulii-cultyrnl congreEatioii ai)d gatlier people from niany parLs of Ilie city and throughout th¢ region with Iwenty-six nalionalilies represented amongsi our church meinber511ip. 2. Evai)gelisni We ¢ontinucd to run 'Alpha' courses helping people explore the Christian faiih. running a course during the early i))onihs of 2025 willi 54 allending Ilie lauiich and 24 of those coinple(ed the course. We l)avc Conlinued lo bc involved in Sunday chapel 8eivi¢es ai HMP Humber and have had an outreach arn who have done evangelism on the streeLs ai different times throughout ihe year. 3. Social Actioii InitlÉilive5 Many of our day-time mid-week activilies revolve around Jubilce Life College. The Life Collegc aims lo give people 'life skills, lo help tliem grow in confidence. self-esteem and create greater employment opporlunitie5. Dui-in8 202412025, 119 individuals engaged with the courscs with 24 courses nnIng across 4 sites with the support of twenty-six tutorslvolunte•'s. Courses incliided life skills. exercise sessions, cookery lessons ai)d craft sessions and there was a 78 /0 attendance rate across coui%e8. We continued lo run a 'drop-in' during the week lo help wilh th¢ hom¢l¢ss and needy cominLinity. providing, Iiot di'inks, showers, and laundry facililics. During these droTrins the showers have been used 674 times and 385 loads of clothes waslied. Tlie Big Isslie in Ihe NOTII) coiilinues to be distribuied from Jubilee Ceniral and overseen by Jubilee Chiircl). This piojecl lias supported 18 individuals io makc a livlng from working rather than begging. The building also continues lo act as a distribiilioii hub for Hull Foodbank" and we also provide warel)ouse facilitie5 for their food. 4. Children's and Yoiiih Activitle5 We liuve ¢onlinued to provide activilies for pre-school and primary school aged children every Sunday ivith over 60 cl)ildren engagiii£ in activities. We hav¢ also run coddler 0p$ running in two locations engaging with the local comniui)ity (Jubilee Ceiilral and Edinburgh Street Cornmunity Cenlre). In August 2024 we rdn a Summer Club for l year olds will) 35 cl)ildren engaging with tl)ese activities. We have piDvided irgularly activities for 11-18s witb meetings on both Friday evenings and Sunday mornings. Approximately 30 young people have engaged wilh these activities. i. Life Groups Pa8e ?
Jubilee Church Hull Re ort of the Trustees (or thc Ycar Ended 31 March 2025 We en¢ourage all cl)urch members to Jclively involve diemselves in the community durino tl)e ek as a place lo build fi'iendsliip aiid grow spiritually. This mainly happens through our 'Life Groups,. These are small UpS of churcli meinbei who nieet in homes across the regions and had 129 people engaging with activities in 16 8roup5 during Ibe year. We also conrinued to support the needs of our diverse congregation ihrou8h our pastoral team which regularly mel io review the %ysleins we have in place and make necessary chttng. This includes a team who support those who are vulnerable and may Thot be able to fully engage An church activities including the elderly and the ill. This team are able to provide additional Slipporl as well as making visits. 6. Training and Discipleship We aanged, assisted, and supported chur¢h members in attending various online conferences and training ¢v¢nl$ thi'oiighout the year. This included lakiiig 32 members io Togeihef. a church confereiice in Durham which happened in MJrch ?0?5. We also had 5 rneinb¢rs who w¢r¢ involved in leadShip training in London with Retyio1 Beyond. 7. Chiir¢li Planlin Our church plant. 'Fi'eedom Chur¢h' ¢ontinu¢d actTVTties in North Hull with a small group of adults meeting weekly for woisliip service5. Diiring the iveek. the team en8a¥ed witli the local coinmunity through ihe runnin&T of 'Jubilee Life Colleg¥e' courses, a foodbank and a weekly'wann spa¢e' to serve local resid¢nts. Dui'ing the year we have continued to support a church in Malawi called Triniry Churcli Zomba,. Our teain have been iiivolv¢d in Iraiiiing and 5UPPOrting Ilie team in Malawi with a leam of 5 from Hull visited in August 2024. We hrfive also siaried io gather a group from Jubilee who live in West Hull to build oli our coinmunity work wilh the plai)s to establisli a cliurcli plant in the HU3 area by the end of2025. S. Pannerships Over the last year we have worked with a number of other churches in the locality, region and internationally. This has primarily been throiigh our pat1nership with Regions Beyond and cliurches linked to the rainily of churclies. We have also continued io work with our pat1ner charity, Shine RelTef in Malawi. LoL&lly, tlie Lhurnh is part of the Hull 2030 neOrk locally and is part of ilic Evangelical Allian. Tl)e Inislees are plcuscd with the overall outcome of ihe above in iems of meeting the charills staled objectives and urc mr¢kinn plaiis to en511re siisiainable growth and developmeiil of the church in thc years to com¢. FINANCIAL REVIEW FinanLial pos¥tion Thc truslces arc pleased with the general Improvement of the overall financial position of the charity at the period end and specially pleased to see that funds have been secured io enable lhe building project to progress. Tliey are also pleased see thar expenditure has renlain well controlled which has enabled money to be reinvested back into Ilie development of the building which will safeguard the ¢harity in futuro years providing both facilities to work froin and addiiional income streuims. The trustees are alvar¢ of the loans that are in place in relalion to morlgage of the building and building works and are coi)tent that in¢oin¢ is sufficient to cover the repaynnts. They are also pleased aboui the impact that development of the building and the surrounding city centre area will have on the value ofilie building in die future. Tl)e Irustee5 are LOI)fideni Iliat currenl income is sutTicient to meel need5 of the charity and the Iruslees are pleased with Ihe ovcrnll financial position and stale of affairs of the charity at the period end. Investment poliey and objectives Thc ¢hai'itys surplus funds are re¢ained in a current account wiih Unity Trust Bank. The ¢rnstees have POWCT to invest any money belonging lo the charity Js Ihey se¢ fit. Page 3
Jubilee Church Hull ort of the Trllstees for the Year Endcd 31 March 2025 FEIN'ANCIAL REVIEW Reserves policy li is the aim ofthe Érusle&q to eiideavour lo achieve cash-backed unresiricied funds. which are tl)e free reserves of tl)e charity, at a minimum of l(Y/o of the previous yeaws total tneome within those fimds. The truste&s are pleased that this was achieved and have Inade Iiecessary plans io enstsre this continues in Il)e future. FUTURE PLANS Plaiiiied initiatives dwing the cuent wld subsequent financial years tnclude(d): Conipleic buildiiig renovaiions and open ¢afé and community space to the public in Autu1] 2025. The ii¢iv caf¢ will provide an incoiiie strewn for the church and also provide wnployment opportunities for people coming througl) Jtsbilee Life Coll¢ge. Develop and expand Jubilee's Life College activities fticusing on skills and cmployabiliiy and seek new 8rartt funding. Laiinch new cliurch plani into tlie west of the ¢ity supporting Ilie teain ro create a tlirivtng eliurch coi)Imunity in that area. Continue to develop the community work in North Hull and ensurc the church plani is cstsblished succcssfully and be¢omes financially viable. Contiiiiie to run Alpha courses and tntrodiic¢ faith io more people in our city. Work wit11 Jiibilee Central Ltd to Contin lo develop Ilie business io ensure profilabiliry and proceeds which will siipport woi'k in ¢ominuL)LIy. Conliniic to dcvelop church members to reach theiT full potcniial especially supporting ihen) lo thrive ii) home life and ihe work pldcc. Continued support of Hull Foodbank and Big Issue in the North. STRUCTURE, GoVENANcE AND MANAGEMENT Governing document Tlie cl)arily is controlled by its governing documenl. a dd of trust, 8nd constitutes a limitcd coinpany, liniiled by guai?nlee, as defsned by Il)e Coiiipanies Aci 2006. Jubilee Chiircli Hull is a compaiiy limited by guarantee and noi having a share capital, registered in Eiigland and Wales. li is governed by a Memorandum and Articles of Association dated 26 Noveinber 2007 and was r¢gisl¢red with Ili¢ Cl)arity Conimission froni 17 April 2008. In the event of the ¢ompgny being wound up, membe13 Ire required to coniribure 811 ainoiinl not exceediniv £ l O. Appointment of Trustee$ New trLlStees ai'¢ appointed on the recoMmtiOn of existing Irusteeslinembers. There is a required miiiiinum of three tINstees bul no maxiiiium nuiiib¢r. Trustees Induction And TTaining Tnislecs are already familiar with the work of the charily, as they ar¢ drawn from wiihin the churcli Ineinbersliipl coiigregiltion. The trustees have induction procedures io ensure Il]al new trustees understand their roles and obligations. This ii)du¢lion includes undertaking safegiiardin&¥ trdining with refTesher training Provid throughoLiI the terni of their appointmenl. As part of tliese procedures, truslees are also encouraged io attend appropriate internal/exteinal training events to facilitute tlie undertaking of their roles. Organisation Th¢ Indnauement and administratioii of ihe charity 15 under the control of tlie trnstees who meet quurl¢rly. Day to day operational niattcrs are delegated to the church leaders. Pa4
Jubilee Church Hull Re ort of the Trustees for thc Year Ended 31 MAreh 7025 STRUCTURE, GOVERYL ANCE AND MANAGEMENT Related parties The charity operaies under the oversighvdirection of Regions Beyond (a charitable organisation wliicli oversees churcli formation and trainin<F initiatives). There are also close IiDk5 with other chuTche5 in the region who arc members of the Regians Beyond family of churches. REFERENCE AND ADMINISTRATIVE DETAILS R¢gistered Company number 06436328 {Eiigland aiid Wales) Reglstered Charity number 11?3729 Registered office 62 Kingy Edward Sir¢¢t HLIII East Yorkshire HUI 3SQ Trustees MS E F Messingl)am Mr C F Zanciti Mrs C Peacock MsJFox Company SLcretary Ms E F Me5sin¥ham Independent Examlner Sopliie l-lolmes ACA FCCA 360 Accounmnls Liiniied 18-19 Albiort Streei Hull East Yorkshire HUI 3TG Bankers Unity Ti'ust Bank PIC Nii)c Bi'indleyplaee BIri1n8haM BL ?HB Approved by ordcr of the board of trustees on . I LFI iu (zozs - and signed on its behalf by: Mr C F Zanetti - Tru&e Page 5
Inde endent Examiner's Re ort to the Trustees of Jubilee Church Hull IndLpcndent e%aminer's reporr to the tteeS of Jubilee Church Hull {'the Company,) l i'eporl to the chariiy trustees on my examiltion of the accounts of tlje Company for the year ended 31 March 2025. ResponsibilitlL5 and basis of report As rhe charity's trustees of the Company (and also its direciors for the purposes of Company law) you are respoiisible for the preparalion of the accounts in accordance with the reqiiiremenls of the Companies Act 2006 ('Ihe 2006 Act,). Having satisfied myself tliat the accounts of t1 Company are not required io be audited under Part 16 of ihe 2006 Act and are ¢ligible for independeni examination. I report in respect of rny exaElliDation of your charitys a¢¢ounls as carried out under Seclinn 145 of tlie Charities Act ?01 i ('Ihe 2011 Ae('). In carrying out my examination I l)ave followed the Directions given by the Charity Commission under S¢¢tion 145(5) (b) of tbe 2011 Act. Independent exllminer's statement Siiiee your charity's gross inconie exceeded £250.000 your exaii)iner niusc be a i1mber of a listed body. I cali coiifirm that I ani qLi&lifiL'd to uiidertake Ihe cxaminaiion because l am a member of tlie Inslilul¢ of Chan¢r¢d Accoiii)iaiils iii England and Wales. which is one of the listed bodi¢s. I have Lomplcted my examinaiion. l ¢onfjmi thai no mailers have come to iny attention in connection with the examination giving me cause to believe: aecoiinling records were not kept Tn respect of the Conipany Js required by Se¢tion 386 of the 2006 Act: or Ihc aCCOLints do not ac¢ord with Iliose reco15. or Ihe accounts do not comply with the accounting requirements of Section 396 of the 2006 Aci oiher than any requireineiii Ihat the accounts give a true and fair view which is nol a matter considered as parl of an independent examinalioii. or tlie aLcounts have not been prepared in accordance with the melhods and piinciples of the SL81emenl of Recoiiiiiiended Practice for accouniing and reporting by ¢harili¢s (applicable to charities preparing their accounts in accordance willi the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come aeross no other matters in connection wilh the ¢xaminatioii to wliicli attention sliould be drawn in this Irpoit in order to enable a proper undersianding ofthe a¢wunts to be rcached. Sophie Holines ACA FCCA Tlie Iiistiniie of Chartered A¢¢ountants in Englaftd and Wales 360 Accounlants Limiied 18-19 Albion Str¢et Hull East Yorkshire HUI 3TG Dale- ...... Page 6
Jubilee Church Hull Staten)ent of Financial Activitles for the Year Ended 31 Nlarch ?025 3113125 Total funds 3113124 Total nds Unresiricted nds Reslricted funds Nos ITr'COML E AND ENDOWMEIN'TS FROM Donations and letyacies 370,367 148J29 518,696 375,626 Other lltding activities Otlier iiicome 2,406 170 2,406 170 2.673 Total 372,943 148,329 521,272 378,299 EXPENDITURE ON Raising funds 321,008 57878 378,886 375,205 NET INCOME 51.935 90,451 142,386 3,094 RECONCILIATION OF FUNDS Total funds brougl)I forward 702.615 16,082 718,697 715,603 TOTAL FUNDS CARRIED FORWARD 754,550 106,533 861,083 718.697 The notes forn) part of these financial statements Page 7
Jubilee Chureh Hull B#l8nce Sheet 31 .Ilarch 2025 3113125 Total funds 3113124 ToÉal nds Unresiricted funds Restricted funds Notes FIXED ASSETS Tangible asseis Investmeiils 1,265,366 loo 74532 1.339,898 loo 1,194,846 100 10 1,265.466 74532 lJ39,998 1.194.946 CURRENT ASSETS Debiors Casli ai bank and in hand 68,546 8&800 68,546 120,801 18.639 17,310 32.001 157J46 32.001 189,347 35.949 CREDITORS Amounts folling due within on¢ y¢llr 12 {92,468) (92,468) (41,924) NEIT CURRENT ASSCTS 64,878 32,001 96,879 {5.975) TOTAL ASSFTS LESS CURRENT LIABILITIES I J30,344 106.533 1.436.877 1,188,971 CREDITORS Aniouiits falling diie after more Ihan one year 13 (575.794) (575.794) (470,274) I ET ASSETS 754550 106,533 861,083 718.697 FUNDS Unrestricled funds Rcstricted funds 16 754,550 106,533 70?,615 16,082 TOTAL FUNDS 861,083 718.697 Tlie charitable conipany 15 entitled to exemplic)n from 8udi¢ under Section 477 of the Companies Acl 2006 for the yedr elided 31 Marcl) 2025. Tlie members have Iiol requir¢d the company io obtsin an audit ofits financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. Tlie TrustCC5 acknowledge their responsibilities for la) ensui'ii)g that Ilie charitable company keeps accounting records tliat coinply with Sections 386 and 387 of Il)e Coiiipanies Act 2006 and prepariii8 financial statcmcnis which 8ive a true and fair view of the state of affairs of ihc charitablc company as at tlie end of each financial year and of its sUluS or deficit for eacb financial year in accordallce with the requireinenls of Sections 394 and 395 and which otherwise comply with the requiTements of the Companies Act 2006 relating to financial slalement5. so far as applicable lo Ihe charilable company. Ib) The notes form pan of Ihese financial statements Page 8 contiiiucd..
Jubilee Church Hull B214nce Sheet- continued 31 INlarch 20?5 These fiiiai)cial statements have been prepared in accordance wilh the provisions applicable to ¢haritablc companies Subject to tlie sniall compaiiics regime. Tlie financial statem¢iits were approved by the Board ol Trustees and autliorised for issue on and wei'c signed on ils behalf by-. ILtr{ itslzol5 Mt'CFZ net The notes form part of these financial stV41ements Page 9
Jllbilee Church Hull Cash Flolv Statement for Éhc Year Ended 31 larch 2025 3113125 3113124 Notes Cash floivs from operating #ctivities Cash geneilled from operations Iiiierest paid 188,16) (27.083) 54,206 (23,660) Net cash provided by operating acriviries 161,082 30,546 Cash noivs from investing aLlivities PurLhasc of taii¢Fible fixed assets Purchase of fixed asset invesimenls Sale of ligible fixed asseis Sale of heritsge assets (154,558) (49.22)) (100) (?.750) (2.733) 2.920 (1,751) Nel Casli used in invesiing activities (153J89) (54,806) Cash flows from fjnancing activities New loans in yeai. Loaii irpayinents in year Capiial rcpairyiiei)Is in year 125,000 (29,202) (20,561) Net cash provided byl(used in) fmancing activities 9S,798 (20,561) Change in cash and cash equiv4lent5 ITr the reportlng perlod Cllsh And c&sh equivalcnts at the beginning of the reportiiiE period 103,491 (44.8211 17JlO 62,131 Cash and eash equivalents At the end of the i'eporting period 120801 17,310 The notes forn] part of these financial statements Page 10
Jubilee Church Hull 'otts to the Cash Flow Statement for the Ycar Ci nded 31 .March ?025 RECONCILIATION OF J'ET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 3113125 3113124 'et income for the reporting period {as per the Statement of Financial Aetlvitles) Adjustmen¢S for: Deprecialioi) charges Los% on disposal of fixed assets Interest paid In¢iease in debtors Increase in crediiors 142,386 3.094 16.478 1,581 27,083 (49,907) 50,544 11.976 2,733 23.660 (2,789) 15,53? 'et Cash provlded bv opera¢ions 188,165 54,206 ANALYSIS OF CHANGES IN NET DEBT Ai 114124 Cash flow At 3113125 Net cash Cash at buiik and in hand 17,310 103,491 120,801 17,310 103,491 120,801 Debt Debis falling due within l year Debis falling due oftcr l year (21,859) (470.274) 1,189 (105.520) (20,670) (575,794) (492,133) (104,331) (596.464) (474,2123) (840) (47S,663) The no$ forni parr of these fInala1 statements Pagell
Jubilee Church Hull Notes to the Financial Statements for the Year Cinded 31 Vi larch 2025 ACCOUNTING POLICIES B#$Ss ol preparing the financial statements The finaiicial siatements of the chariiable ¢ompany. which is a public benefit enlily under FRS 102. have beeii prepared in accordance with tlic Charilies SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Reconimended Praciice applicable to cliarities prep2rin8 Iheir accounts in accordance willi the Fiiiancial Reporliiig Siundard appli¢able in Ihc UK and Republic of Jreland IFRS 102) (effective l Januaiy 2019),. Financial Reporting Sraiidard 102 'Tlie Financial Reporting Standai'd applicable in t]ie UK and Republic of Ireland, and Ilie Companies Aa 2006. Tlie financial staietnenis have been prepared und¢r the historical c05t conventio14 with the exceplion of iiivestments which are incliidcd at markel value. Income All iiicome is recognised in the stsiennl of Financial Aclivilies once the chariiy has eniitlement lo 11)e funds. it 15 probable that ihc income will be received and the amount Can be mcasured reliably. Eipendlture Liabililies are recOlsed as expei)diture as soon as there is a legal or constructive obligalion committing ihe charity to Ihdt expenditure. il is probable tlial a transfer of economic benefits will be required in seiil¢inenl and th¢ amount of tlie obligation can b¢ nieasur¢d reliably. ExpendituTe is accounled for on an accruals basis and has beei) classified Liiidcr h¢udinbs that awcgyate all c05l relaied to the cale80ry. Wliere cosls cannol be direcily 8tlribuled lo panicular headings they have been allocated lo activiiies on a basis consistent wilh the use of resources. T#ngible fiyed #$5ets Depreciaii011 is provided ai Ihe following annual rotes in order to WTite off eacli asset over its estimated useful life. Freeliold prnperty Fiktui'es and fittings 200/0 on reducing balance Tnxation The ch&rily is exernpt froin corporation lax on its charitable aciivilies. Fund accounting Uiireslricled fund5 can be used in accordance witli the charitsble objectives at ihe discretion of the trustees. Restrictcd fiinds cali only be used for particular restri¢led purposes witliin rlie objects of the charity. Restrictions urise wllen spLcified by Ihe donor or when funds are raised for particular restri¢t¢d puryos¢s. Further explanalioTh of the i)ature and purpose of¢ach fund is includcd in the no1¢5 to th¢ finan¢ial ststemenly. Pension costs and other post-retiremtnt benefits The chariiable Company vp¢rai¢s x d¢fincd conEribution pension sch¢mc. Contributions payable to tbe charitable coiiipai1S pension scheme are charged to the Statement of Financial Activities in the period to wliicli tliey relate. Page l? coiitinued...
Jubilee Churth Hull Notes to tho Finaneial Statements - continued for the Ycai- Ended 31 March 2025 DONATIOIYS AND LEGACIES 3113n5 3113124 Gift aid offerii)tt Gift day giving Grants received R¢ni rec¢ived Oiliei. incorne BLiilding fiind income Noitli Hull Income 161J43 41,247 214.492 11,664 69,427 5,517 15,006 146.777 33,505 76.843 17.067 76,881 16.439 8,114 518,696 375,626 Grunts received, in¢lud¢d in the above. are as follows- 3113125 3113124 Grants 214,492 76.843 Grants received Inade up of- Gruiits EMB Ltd cio The Joseph & Anni¢ Cattlc Trust I-ILIII Foodbank Ci'ai)swick Hull + ER Charl Hey Smile Foundation Good Tliin88 Foundation Employinenl Allowance Joseph Rank Cl)rist Chur¢h Bin)iingham- Refund Tax Reclaimed Bliilding Fund Income Total 20,076 4,642 4,000 2,004 2,000 2,000 1,910 1,000 5,001 500 -1,000 42,099 130,260 214,492 OTHER TRADING ACTIVITIES 3113125 3113124 Weekend Away/FusionlNew Day 2,406 2.673 Paoe 13 continued...
Jubilee Church Hull Notes to the Financial Statement5- continued for the Ycar Ended 31 March ?025 SUPPORT COSTS InformaÉioi) lechnology Manaoenient Finance Raising donations and legacies 164.780 9,719 9,238 Governanc¢ costs Otller Toials Raising donations and lega¢i¢s 22,712 12,107 218,556 NET Ih'COMEI(EXPENDITURE) Net ir)con)el(expendiMre) is staled after chargin(Credi11n8)'. 3113125 3113124 Depi'eciation- owncd assets Deficit on disposal or fixed assets 9.506 1.581 11,959 2.733 TRUSTEES, REMUNL ERATION AND BENEFITS Tl)ere were no truslees, remuneration or other benefits for the year ¢nd¢d 31 March 2025 nor for the year elided 31 March 2024. Trustees, expenses There wcre no trustees, expenses paid for tlle year ended 31 March 2025 nor for the year end 31 Mah 2024. STAFF COSTS 3113125 3113124 Wugcs and salaries Social seeiirity COSt5 Oihcr pension costs 137,405 10.489 11,236 147.587 10.941 12.386 159,130 170.914 Tlie averagye monthly nun)ber of employees during the year was as follow5: 3113125 3113124 Number of siaff No employees received ¢molum¢nts in excess of £60,000. Page 14 continued..
Jubilee Churth Hull Notes to the Ffiisncial Statements- continued for the Year Ended 31 Mareh 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr¢stri¢ied funds Restricled funds Total ds INCOME AND ENDOWMENTS FROM Donations and lega¢ie5 375,626 375.626 Other trading activities 2.673 2,673 Total 378,299 378.?99 EXPENDITURE ON, Raising funds 372.059 3,146 375.205 ,N'ET INCOIME/(EXPENDITURE) 6240 (3,146) 3.094 RECONCILLATIOh' OF FUNDS Total funds brougl)t forward 696.375 19.228 715.603 TOTAL FUNDS CARRiED FORWARD 702.615 16,082 718.697 TANCIBLE FIXED ASSETS Fixtur¢s and filliiigs Freehold property Totals CO.8T OR VALUATION Ai l April 2024 Additions 1,146,944 152,787 195,738 1,771 1,342,682 154,558 At 31 March 2025 1,299,731 197,509 1,497,240 DEPRECIATIOIN, At l Api'il 2024 Chur¥e for yeai. 147.836 9506 147,836 9.506 Al 31 March 2025 157,342 157,342 N'ET BOOK VALUE At 3 l March 2025 1,299.731 40,167 1,339,898 At 31 March 2024 1.146.944 47,902 1.194.846 Paoe 15 continued...
Jubilee Chureh Hull Wotes to the Financial Statement5- eontfinued for the Year Ended 31 ,March 2025 TANGIBLE FIXED ASSETS - continued Cost or valuaiion al 31 March 2025 is represented by: Fiitures and rittlngs Frcchold property Totals Vallialion in ?0?3 Cost 278,403 1,021,328 278,403 1,218,837 197,509 1,299,731 197,509 1,497,240 io. FIXED ASSET INVESTMEINTS Unlisted investinonts MARKET VALUE Al l April 2024 ai)d 31 Marcli 2025 loo ,N'ET BOOK VALUE At 31 Marcli 2025 ioo At 31 Mllrch 2024 100 There were no iiiveslmcni &etS oiilside Ihe UK. DFBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113125 3113124 Trade debtors Oth¢r d¢bioi3 Prepaynienls 8,178 58,019 2,349 4,438 14,201 68,546 18,639 Page 16 contiiiued...
Jubilee Church Hull 'otes to the Financial Statements- continued for Éhe Year Cinded 31 March ?025 CREDITORS: AMOUNTS FALLIINIG DUE WITHIN ONE YEAR 31nns 3113124 Bank loans and overdrdfts note 14) Trade ci'editors Soci&l securiry and orher tsixes oil)¢r credilor5 Credit card 20,670 66,145 2,117 2,246 1.290 21,859 12,339 2,555 3,697 1.474 92,468 41.924 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 311312S 3113124 Bank loaiis (see noie 14) 575,794 470,274 14. LOANS An analysis ot tl)e maiuriry of loans is given below.. 311312S 3113124 Aniount5 fallin8 diie wirhii) one ycar on deinand.. Bailk loans 20,670 21.859 Amoiinls falliiig due between Iwo and five years: Bank loans - 2-5 years 82,677 87,435 An)OLinls fallinu due in mor¢ than fiv¢ years= Repayable by inslalments: Bank loans more 5 yr by instsl 493.117 382.839 15. SECURED DEBTS The followin¥ secured d¢bts are incliided within credilors. 3113125 3113124 Baiikloons 596,464 Page 17 contiiiued...
Jubllee Church Hull -Notes to the Flnancial StJitements- contÈnued for the Year Ended 31 March 2025 16. MOVEMENT IIY FUNDS Net nioven)en¢ in funds Ai 3113ll5 Ai 114124 Unresti'ieted funds General fund 702,615 il.935 754,550 Restricted fund$ Resti'icted fund Biiilding Fiind 1(082 16.082 90.451 90,451 16,082 90,451 106533 TOTAL FUNDS 718,697 142J86 861,083 Net Inovement ii) fijnds, included in tlle above a as follows: Incoming resourc¢s Resources expeiided Moveinent in fuiids Unrcstrlctod fund5 Genei'al fund 372,943 (321,008) 51,935 Restrlcted fiInds Resii'icied fvnd Buildiiig Fui)d 12.552 135,777 (12,552) (45,326) 90,451 148,329 (57,878) 90,451 TOTAL FUNDS 521,272 (378,886) 142,386 Conip4rative$ for niovement in funds Net movemeiil in funds Al 3113124 Ai 114123 Unrestricted t'unds Genernl fund 696.375 6,240 702.61 i Restrieted funds Reslricled fund 19228 {3.146) 16.082 TOTAL FUINDS 715.603 3,094 718,697 Page 18 coniinued...
Jubilee Churth Hull Notes to the Financial Statements - continued for the Year Ended 31 March ?02) 16. MOVEMENT IN FUNDS- tontinued Compaimtive net movenieiit in funds. included in the above are as follows: Incoming resources Resources expended Mov¢menl in funds UnrestriLted funds General fund 378,299 (372.059) 6,240 Restricted funds Reslricied fulld (3,146) (3,146) TOTAL FUNDS 378,299 {375.205) 3.094 A client ycoi. 12 monilts and prior year 12 monihs combined posilion is os follows: Nel nVeMent in funds At 3113125 Ai 114123 Unre$tri¢ted fund5 Generul fund 696,375 58,175 754.550 Restrlcted funds Rcsiricled lid Building FLind 19,228 (3,146) 90,451 16,082 90,451 19,228 87,305 106,533 TOTAL FUNDS 715.603 14S,480 861,083 A CLirreni year l ? months llnd prior year 12 months combined nei moveinenl in fuiids, included in il)c obov¢ llr¢ as follows: Inconiing resouwes Resouires ¢xpeiid¢d Movciiient in fuiid5 Unrc5tricted funds General fund 751.242 (693,067) 58,175 Restricted funds Resli-icted fviid Buildiiig Fund 12.552 135.777 (15,698) (45.326) (3,146) 90.451 148.329 (61,024) 87,305 TOTAL FUNDS 899,571 (754,091) 145,480 Page 19 contiiiued...
Jubilee Church Hull Notes to the Finaneial Statements - conrfntsed for the Year Ended 31 March 202) 17. RELATED PARTY DISCLOSURES During the year ended J l March 9025, 11)e conipany received a donation of £1 0.000 froni its subsidiary* Jubilee Cenlral Ltd. As ai 31 Marcli 202), Jubilee Church Hull owed Jubilee Central Ltd. a subsidiary. £1.8?2 {2024 - £4.609). 18. EXEMPTION, FROM PREPARING GROUP ACCOUNTS These accounts repsent information about Ihe company as a sinole entity. Group accounts are not requir¢d as Ilie group qualifies as a Small sized group. Page 20
Jubilee Church Hull Detailed Statement ofwinancial Attii'ities for the Ycar Ended 31 Mareh 2025 3113125 i113124 INCOMI E AND ENDOWMEIN'TS Donations and legaeies Gifi aid offeri111Y Gift day giivin(r Gi'ants received Renl received Other income Building fund income North Hiill Iiicoine 161,343 41,247 214,492 11,664 69,427 5,517 15,006 146.777 33,505 76,843 17,067 76.881 16.439 8.114 518,696 375.626 Other trading activities Wcckend AwaylFusioi)/Ncw Day 2,406 2,673 Otlier income Gaiii oli salc of th1i8ibl¢ fixed asseis 170 Total incoming resources 521,272 378,299 EXPENDITURE Other trAdinE actli'ities 137,405 10,489 11,236 1,200 147.587 10,941 12,386 1,066 Social security Pcnsions B¢id debis 160,330 171,980 Support LOSts i anagenient Rates, water and utilities Insurnn¢e Telephonc Poslaue aiid stationery Adverlisiiig Sundrics Travelling and ¢onferen¢es Cleaning Refreshmen Life Lollege project ronticr and regions beyond caled loi'ward 33,077 9,826 2.279 2J32 2,899 6,906 8.620 5.466 3JU2 4,035 6,090 84,832 26.466 8,801 2,514 1.848 4,263 17,4)8 5.461 9,497 4.216 3,450 11,238 95.21? This page does not fonn part of the siamtory financial statements Page21
Jubilee Church Hull Detailed Stratement of Financial Activities Cor the Year Ended 31 March ?02) 3113125 3113124 Iwlakagement Brought foiTrvard P&sioral care and counselling Building projeLI Tliank yoii gifts & gestures Homeless and needy Alpha and oulr¢ach SLibscriplioiis North Hiill Cr05.%line expenses Faiiiily Fuiid Musie. books and resources JLibilee Ceniral recliarges Training Events Yoiiili and stLident work 84,832 682 45J26 I,S55 358 2,688 1,903 8,141 313 550 12 6,959 1,751 481 9.229 95,212 3,408 28,653 1,352 536 2,337 1,003 8,415 505 17 2,733 1,148 6,920 164,780 152.239 Finan¢¢ Bank Charges Depreciatioii of raiigible fixed assets 212 9,507 1,169 11.959 9,719 13,128 Infoi'mRtion technology Repiiirs and renewals 9,238 6,427 Other 22,712 23,660 Gov¢i'nancc cost5 ALcouiil¢incy aiid legal fees Bank loan iiilei'est 7,736 4J71 7,771 12,107 7,771 Total i'esour¢¢s expendL'd 378,886 375,205 Net In¢ome 142.386 3,094 This page does not form part of the 51alulory financial sten(S Page ??