2025-02-28-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 28/02/2025

Prepared By: E H TURKSON ACMA HESSE ARMAH ACCOUNTANTS

Jubilee Life International Ministries

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28/02/2025

TRUSTEES V BABATUNDE B BABATUNDE

REGISTERED OFFICE 60 Leechcroft Avenue Swanley Kent BR8 8AR

COMPANY NUMBER 06113714

CHARITY NUMBER 1133479

ACCOUNTANTS E H TURKSON ACMA HESSE ARMAH ACCOUNTANTS

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Jubilee Life International Ministries

ACCOUNTS FOR THE YEAR ENDED 28/02/2025

CONTENTS
	Page
Reportof theTrustees	3
Independent Examiner'sStatement	4
Statement of Financial Activities	6
BalanceSheet	7
Notes to theAccounts	8 to 12
Detailed Statement of Financial Activities	11

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Jubilee Life International Ministries

TRUSTEES' REPORT FOR THE YEAR ENDED 28/02/2025

The trustees present their report and accounts for the year ended 28/02/2025

PRINCIPAL ACTIVITIES

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

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

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 26/11/2025

V Babatunde

Trustee

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Jubilee Life International Ministries

INDEPENDENT EXAMINER'S STATEMENT

FOR THE YEAR ENDED 28/02/2025

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

I report on the accounts of the company for the year ended 28/02/2025 .

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.

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.

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

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Jubilee Life International Ministries

INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 28/02/2025

................................................... Date: 26/11/2025

E H TURKSON ACMA HESSE ARMAH ACCOUNTANTS

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Statement of Financial Activities for the year ended 28/02/2025

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 Netmovementinfunds: Net income fortheyear Total fundsbrought forward Net funds carriedforward	Unrestricted funds £ 27,035 27,035 27,882 27,882 (847) (847) 12,451 11,604	Restricted funds £ - - - - - - - -	2025 Total £ 27,035 27,035 27,882 27,882 (847) (847) 12,451 11,604	2024 Total £ 26,885
				26,885
				26,311
				26,311
				574
				574 11,877
				12,451

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 28/02/2025 FIXED ASSETS Tangible assets CURRENTASSETS Cashat bank and in hand CREDITORS: Amountsfalling duewithin oneyear NET CURRENTASSETS TOTALASSETSLESS CURRENT LIABILITIES Notes 3 4 CAPITALANDRESERVES Unrestricted funds General fund 6	11,454 11,454 1,200	2025 £ 1,350 10,254 11,604 ~~11,604~~ 11,604	11,763 11,763 1,000	2024 £ 1,688 10,763
				12,451

				~~12,451~~
				12,451

For the year ending 28/02/2025 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 26/11/2025 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 28/02/2025

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.

2. EMPLOYEES Averagenumberofemployees 3. TANGIBLE FIXED ASSETS Cost At 29/02/2024 At 28/02/2025 Depreciation At 29/02/2024 For the year At 28/02/2025 NetBookAmounts At 28/02/2025 At 28/02/2024	Plant and Machinery £ 10,129 10,129 8,479 330 8,809 1,320 1,650	2025 No. - Fixtures and Fittings £ 1,857 1,857 1,819 8 1,827 30 38	2024 No. - Total £ 11,986
			11,986
			10,298 338
			10,636
			1,350
			1,688

4. CREDITORS: AMOUNTS FALLINGDUE WITHIN ONE YEAR Othercreditors	2025 £ 1,200 ~~1,200~~	2024 £
		1,000
		~~1,000~~

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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 28/02/2025 there were 2 members.

UNRESTRICTED FUNDS

General fund	Brought forward £ 12,451 12,451	Incoming resources £ 27,035 27,035	Outgoing resources £ (27,882) (27,882)	Transfers £ - -	Carried forward £ 11,604
					11,604

RESTRICTED FUNDS

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

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Jubilee Life International Ministries

Incomingresources Incomingresourcesfromgeneratedfunds IncomingResources fortheyearended28/02/2025	2025 £ 27,035 27,035	2024 £
		26,885
		26,885

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Expenses Costs of generatingfunds 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 plantand machinery Depreciation of fixtures and fittings Expenses fortheyearended28/02/2025	2025 £ 2,347 3,312 289 14,500 1,500 888 1,200 238 2,174 705 234 157 330 8 27,882 27,882	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

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