2024-02-29-accounts - Jubilee Life International Ministries

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Registered number: 06113714 Charity number: 1133479

Jubilee Life International Ministries

FINANCIAL ACCOUNTS FOR THE YEAR ENDED 28/02/2024

Jubilee Life International Ministries

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28/02/2024

TRUSTEES

V Babatunde

REGISTERED OFFICE

60 Leechcroft Avenue

Swanley Kent BR8 8AR

COMPANY NUMBER 06113714

CHARITY NUMBER 1133479

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Jubilee Life International Ministries

	ACCOUNTS
	FORTHE YEAR ENDED 28/02/2024
CONTENTS
		Page
ReportoftheTrustees		3
Independent Examiner'sStatement		4
Statement of Financial Activities		6
BalanceSheet		7
Notes totheAccounts		8 to 12
Detailed Statementof Financial Activities		11

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Jubilee Life International Ministries

TRUSTEES' REPORT

FOR THE YEAR ENDED 28/02/2024

The trustees present their report and accounts for the year ended 28/02/2024

PRINCIPAL ACTIVITIES

The principal activity of the charity in the year under review was that of a church .

STRUCTURE GOVERNANCE AND MANAGEMENT

structure and governance text goes here

The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.

This report was approved by the Board of Trustees on 03/01/2025

V Babatunde

Trustee

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Jubilee Life International Ministries

INDEPENDENT EXAMINER'S STATEMENT

FOR THE YEAR ENDED 28/02/2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JUBILEE LIFE INTERNATIONAL MINISTRIES

I report on the accounts of the company for the year ended 28/02/2024 .

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of CIMA.

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINERS STATEMENT

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

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Jubilee Life International Ministries

INDEPENDENT EXAMINER'S STATEMENT

FOR THE YEAR ENDED 28/02/2024

INDEPENDENT EXAMINERS STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 386 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

...................................................

Date:1 JANUARY 2025

E H TURKSON ACMA

HESSE ARMAH ACCOUNTANTS 456 HIGH ROAD LONDON E10 6QE

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Jubilee Life International Ministries

Statement of Financial Activities for the year ended 28/02/2024

Income Incomefrom generated funds Incomefrom charitable activities TotalIncome and endowments Expenses Costsof generating funds Expenditureon Charitable activities TotalExpenses Net gains on investments NetIncome Gains/(losses) onrevaluation of fixed assests Netmovement in funds: Net income fortheyear Total fundsbroughtforward Net funds carried forward	Unrestricted funds £ 26,885 26,885 26,311 26,311 574 574 11,877 12,451	Restricted funds £ - - - - - - - -	2024 Total £ 26,885 26,885 26,311 26,311 574 574 11,877 12,451	2023 Total £ 26,246
				26,246
				26,374
				26,374
				(128)
				(128) 12,005
				11,877

This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

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Jubilee Life International Ministries

BALANCE SHEET AT 28/02/2024 FIXED ASSETS Tangible assets CURRENTASSETS Cashatbank and in hand CREDITORS: Amountsfalling duewithin oneyear NETCURRENTASSETS TOTALASSETS LESS CURRENT LIABILITIES Notes 3 4 CAPITALANDRESERVES Unrestricted funds General fund 6	11,763 11,763 1,000	2024 £ 1,688 10,763 12,451 12,451 12,451	10,767 10,767 1,000	2023 £ 2,110 9,767
				11,877
				11,877
				11,877

For the year ending 28/02/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of tr ustees on 03/01/2025 and signed on their behalf by

.............................

V Babatunde

Trustee

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Jubilee Life International Ministries

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 28/02/2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

1b. Incoming R esour ces

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

1c. R esour ces Expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

1d. Allocation And Apportionment Of C osts

All costs relate to the single activity of the charitable company and are recognised accordingly.

1e. 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 purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.

1f. Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery Fixtures and Fittings

reducing balance 20 reducing balance 20

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Jubilee Life International Ministries

1g. Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

EMPLOYEES

Average number of employees

2024	2023
No.	No.
-	-

TANGIBLE FIXED ASSETS

Cost At01/03/2023 At28/02/2024 Depreciation At01/03/2023 For the year At28/02/2024 NetBookAmounts At28/02/2024 At28/02/2023	Plant and Machinery £ 10,130 10,130 8,067 413 8,480 1,650 2,063	Fixtures and Fittings £ 1,857 1,857 1,810 9 1,819 38 47	Total £ 11,987
			11,987
			9,877 422
			10,299
			1,688
			2,110

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

4. CREDITORS: AMOUNTS FALLINGDUE WITHINONE YEAR
Othercreditors	2024 £ 1,000 1,000	2023 £ 1,000
		1,000

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Jubilee Life International Ministries

5. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 28/02/2024 there were 2 members.

6. UNRESTRICTED FUNDS

General fund

Brought forward £ 11,877 11,877	Incoming resources £ 26,885 26,885	Outgoing resources £ (26,311) (26,311)	Transfers £ - -	Carried forward £ 12,451
				12,451

7. RESTRICTED FUNDS

Brought forward	Incoming resources	Outgoing resources	Transfers	Carried forward
£	£	£	£	£

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Jubilee Life International Ministries

Incomingresources Incomingresources fromgeneratedfunds IncomingResources fortheyearended28/02/2024	2024 £ 26,885 26,885	2023 £
		26,246
		26,246

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Jubilee Life International Ministries

Expenses Costs of generating funds Charitable Activities Advertisingand Promotion Functions and Events Volunteer expenses Rent Honorarium Repairs and Renewal Accountancyfees Stationery& office supplies Hospitality and Refreshment Telephone SundryEquipment Bankcharges Depreciation of plant and machinery Depreciation of fixtures and fittings Expenses fortheyearended28/02/2024	2024 £ 1,850 2,586 260 14,500 1,500 523 1,000 375 1,910 899 357 129 413 9 26,311 26,311	2023 £ 1,874 2,645 258 14,500 1,500 457 1,000 369 1,850 903 364 127 516 11
		26,374

		26,374

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