Charity number: 1135644 Company number: 07197228
(England and Wales)
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2021
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Contents Page For the year ended 31 March 2021
| Report of the Trustees | 1 to 3 |
|---|---|
| Independent Examiner's Report to the Trustees | 4 |
| Statement of Financial Ac�vi�es | 5 |
| Statement of Financial Posi�on | 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Ac�vi�es | 13 |
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Report of the Trustees For the year ended 31 March 2021
The Trustees, who are also directors for the purposes of company law, have pleasure in presen�ng their report and the financial statements for the charitable company for the year ended 31 March 2021. The Trustees have adopted the provisions of Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and the Republic of Ireland (FRS 102) (effec�ve 1 January 2019).
OBJECTIVES AND ACTIVITIES
The objec�ves of the Church are set out below:
To advance the Chris�an faith in accordance with the statement of beliefs appearing in the schedule hereto in the community and in such other parts of the United Kingdom or the world as the trustees may from �me to �me think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity.
To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services, through the provision of counselling and support in such parts of the United Kingdom or the World as the trustees from �me to �me may think fit.
Jubilee Chris�an Church Interna�onal con�nue their efforts in acquring a place of worship. We are also developing our media capacity for global reach and End�me harvest as well as discipleship of na�ons for the Lord.
Statement on public benefit
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
1 of 13
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Report of the Trustees Con�nued For the year ended 31 March 2021
ACHIEVEMENTS AND PERFORMANCE
Significant ac�vi�es
Training and development as well as leadership training are the global vision and designed of ac�vi�es at Jubilee Chris�an Church Interna�onal (JCCI) worldwide. They will con�nue to take place from �me to �me throughout the year.
These include Believers' Basic/Prayer Schools, Leadership History Makers (HMT) training programme, Team and Fellowship Leaders training programme and church workers and volunteers' programme. We also a�end other relevant conferences, seminars and exhibi�ons designed to equip us to carry out the work of the ministry more effec�vely and to prepare us for even more growth and increase/expansion.
Our main service is held on Sunday mornings and the first Friday evening of every month with focus on the teaching of God's word and prayer. The teachings are relevant to all aspects of our lives i.e. the Chris�an walk, educa�on, career, business, family, rela�onships and crea�vity. The impact of these teachings is evident in the lives of our members.
Jubilee Chris�an Church Interna�onal con�nues to witness significant growth in all aspects of its work. We are fulfilling our vision of building and establishing people on the Word of God and empowering them to reach their full poten�als in life. The Church has become a great place of refuge and strength to many, both young and old. People are discovering their purpose in life and there is a great momentum to step out and make an impact in their world.
Our youth work is progressively going well with more young people a�ending the weekly mee�ngs and regular training sessions. All our programmes and ac�vi�es are designed to raise strong, vibrant and responsible young people who will grow up to have a posi�ve impact in all their sphere of influence in the home, the church, the na�on and beyond.
Giving: In line with the objects of the church, we have con�nued to support members going through hardships through our welfare programmes. We also con�nue to support other chari�es who are involved in complementary works missions.
In the summer season, we prepare a free for all barbeque event to reach out to our immediate neighbourhood. We also organise free for all coffee/tea morning throughout the year for the less privileged in our environment.
Our focus in the immediate future is to procure a nine-seat mini bus to convey members to all church ac�vi�es and programmed on a charitable relief and to purchase a property, a permanent place for Church ac�vi�es which is in the best interest of the church. We also want to launch out into the community and beyond through dynamic evangelism and community focused programmes. We believe the church has a lot to offer individuals, families, and the whole community and we have it in plan to reach out to them more effec�vely.
FINANCIAL REVIEW
The Trustees con�nue to place emphasis on financial management to ensure that the funds within the organisa�on are property managed.
Reserves
The Trustees believes that unrestricted funds which have not been designated for a specific use should be maintained so that in the event of a significant drop in funding, they will be able to con�nue the Charity's ac�vi�es and are working towards achieving it. The aim is to build reserves levels to approximately 3 months of unrestricted expenditure.
Going concern
At the �me of approving the accounts, the Trustees have a reasonable expecta�on that the Charity has adequate resources to con�nue in opera�onal existence for the foreseeable future. Thus, the Trustees' con�nue to adopt the going concern basis of accoun�ng in preparing the accounts.
2 of 13
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Report of the Trustees Con�nued For the year ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Jubilee Chris�an Church Interna�onal is a charitable company limited by guarantee and is controlled by its governing document; the memorandum and ar�cles of associa�on incorporated on 22 March 2010.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Charity registra�on number 1135644 Company registra�on number 07197228 Principal address 2 TEESDALE ROAD SLOUGH SL2 1UD
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Secretary
Independent examiners
Pastor Abiodun A Abiodun Pastor Margaret Oke Pastor Charles Onasile Pastor Bernice Oyeneye Evangelist Arike Olubowale Pastor Ma�hew Oyeneye Pastor Kolawole Jesubayode Pastor Bernice Oyeneye Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dar�ord DA1 1BX
Approved by the Board of Trustees and signed on its behalf by
09 November 2021 Pastor Bernice Oyeneye.............................................................................
3 of 13
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Independent Examiners Report to the Trustees For the year ended 31 March 2021
I report to the trustees on my examina�on of the accounts of the charitable company for the year ended 31 March 2021.
Responsibili�es and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the prepara�on of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having sa�sfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examina�on, I report in respect of my examina�on of your charity's accounts carried out under sec�on 145 of the Chari�es Act 2011 ('the 2011 Act'). In carrying out my examina�on I have followed the Direc�ons given by the Charity Commission under sec�on 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examina�on. I confirm that no ma�ers have come to my a�en�on in connec�on with the examina�on giving me cause to believe that in any material respect:
-
accoun�ng records were not kept in respect of the Company as required by sec�on 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the requirements of sec�on 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a ma�er considered as part of an independent examina�on; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Prac�ce for accoun�ng and repor�ng by chari�es applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dar�ord DA1 1BX
09 November 2021
4 of 13
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Statement of Financial Ac�vi�es (including Income and Expenditure Account) For the year ended 31 March 2021
| Notes Restricted funds Unrestricted funds £ £ Income and endowments from: Dona�ons and legacies 19,629 32,951 2 Investments - 1 3 Total 19,629 32,952 Expenditure on: Charitable ac�vi�es ) (21,587 ) (3,829 4/5 Total ) (3,829 ) (21,587 15,800 11,365 Net income/expenditure Reconcilia�on of funds Total funds brought forward - 9,011 Total funds carried forward 20,376 15,800 |
2021 £ 52,580 1 52,581 ) (25,416 ) (25,416 27,165 9,011 36,176 |
2020 £ 35,490 1 35,491 ) (42,006 ) (42,006 ) (6,515 15,526 9,011 |
|---|---|---|
5 of 13
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
Registered Number : 07197228
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Statement of Financial Posi�on As at 31 March 2021
| Notes Fixed assets Tangible assets 12 Current assets 13 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabili�es Creditors: amounts falling due a�er more than one year 15 Net assets The funds of the charity Restricted income funds Unrestricted income funds 16 Total funds |
£ 2021 2,600 2,600 4,000 44,282 48,282 ) (3,575 44,707 47,307 ) (11,131 36,176 15,800 20,376 36,176 |
£ 2020 6,146 6,146 4,000 591 4,591 ) (1,726 2,865 9,011 - 9,011 - 9,011 9,011 |
|---|---|---|
For the year ended 31 March 2021 the company was en�tled to exemp�on from audit under sec�on 477 of the Companies Act 2006 rela�ng to small companies.
-
The members have not required the company to obtain an audit of its accounts for the year in ques�on in
-
accordance with sec�on 476,
-
The trustees acknowledge their responsibili�es for complying with the requirements of the Act with respect to
-
accoun�ng records and the prepara�on of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Pastor Bernice Oyeneye Trustee
09 November 2021
6 of 13
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements
For the year ended 31 March 2021
1. Accoun�ng Policies
Basis of accoun�ng
The financial statements have been prepared under the historical cost conven�on, except for investments which are included at market value and the revalua�on of certain fixed assets and in accordance with the Chari�es SORP (FRS 102) ‘Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019)’, Financial Repor�ng Standard 102 the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) meets the defini�on of a public benefit en�ty under FRS 102. Assets and liabili�es are ini�ally recognised at historical cost or transac�on value unless otherwise stated in the relevant accoun�ng policy note(s).
Going concern
At the �me of approving the accounts, the Trustees have a reasonable expecta�on that the Charity has adequate resources to con�nue in opera�onal existence for the foreseeable future. Thus, the Trustees' con�nue to adopt the going concern basis of accoun�ng in preparing the accounts.
Funds
Unrestricted funds are available for use at the discre�on of the Commi�ee in furtherance of their charitable objec�ves unless the funds have been designated for other purposes.
Incoming resources
All incoming resources are included in the statement of financial ac�vi�es when the Charity is en�tled to the income and the amount can be quan�fied with reasonable accuracy.
Resources expended
Liabili�es are recognised as resources expended when there is a legal or construc�ve obliga�on commi�ng the Charity to the expenditure:
Taxa�on
The charity is exempt from corpora�on tax on its charitable ac�vi�es.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valua�on less deprecia�on and any provision for impairment. Deprecia�on is provided at rates calculated to write off the cost or valua�on of fixed assets, less their es�mated residual value, over their expected useful lives on the following basis:
Other Equipment Other Equipment
20% per annum on cost 20% per annum on cost
2. Income from dona�ons and legacies
| Restricted funds Unrestricted funds £ £ Dona�ons received 19,629 32,951 19,629 32,951 |
2021 £ 52,580 52,580 |
2020 £ 35,490 35,490 |
|---|---|---|
7 of 13
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements Con�nued For the year ended 31 March 2021
3. Investment income
| 3. Investment income | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| Bank interest receivable | 1 | 1 | ||
| 4. Costs of charitable ac�vi�es by fund type | 1 | 1 | ||
| Unrestricted | Restricted | 2021 | 2020 | |
| funds | funds | |||
| £ | £ | £ | £ | |
| Charitable ac�vi�es | 568 | 3,829 | 4,397 | 4,633 |
| Support costs | 21,019 | - | 21,019 | 37,373 |
| 21,587 | 3,829 | 25,416 | 42,006 | |
| 5. Costs of charitable ac�vi�es by ac�vity type | ||||
| Ac�vi�es | Support costs | 2021 | 2020 | |
| undertaken | ||||
| directly | ||||
| £ | £ | £ | £ | |
| Support costs | ||||
| Charitable ac�vi�es | 4,397 | 21,019 | 25,416 | 42,006 |
| 7. Analysis of support costs | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Charitable ac�vi�es | ||||
| Management | 18,499 | 35,446 | ||
| Governance costs | 2,520 | 1,927 | ||
| 21,019 | 37,373 |
8 of 13
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements Con�nued For the year ended 31 March 2021
8. Net income/(expenditure) for the year
This is stated a�er charging/(credi�ng):
| This is stated a�er charging/(credi�ng): | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Deprecia�on of owned fxed assets | 3,546 | 3,547 |
| Accountancy fees | 2,440 | 1,609 |
Total staff costs for the year ended 31 March 2021 were:
| Salaries and wages Employees |
2021 £ - - 2021 1 1 |
2020 £ 1,668 1,668 2020 1 1 |
|
|---|---|---|---|
10. Trustee remunera�on and related party transac�ons
There were no trustees remunera�ons this year to March 2021 nor in the previous year to March 2020.
There were no related party transac�on this year to March 2021 nor in the previous year to March 2020.
11. Compara�ve for the Statement of Financial Ac�vi�es
The compara�ve year values on the Statement of Financial Ac�vites are for unrestricted funds.
9 of 13
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements Con�nued For the year ended 31 March 2021
12. Tangible fixed assets
| Computer Equipment Other Equipment Cost or valua�on £ £ 15,628 4,434 At 01 April 2020 At 31 March 2021 4,434 15,628 Deprecia�on 10,428 3,488 At 01 April 2020 Charge for year 2,600 946 13,028 4,434 At 31 March 2021 Net book values At 31 March 2021 At 31 March 2020 - 946 2,600 5,200 Debtors 2021 £ Amounts due a�er more than one year: Other debtors 4,000 4,000 Creditors: amounts falling due within one year 2021 £ Loans and overdra�s 2,575 Accruals and deferred income 1,000 3,575 Creditors: amounts falling due a�er more than one year 2021 £ Loans and overdra�s 11,131 11,131 |
Total £ 20,062 20,062 13,916 3,546 17,462 2,600 6,146 2020 £ 4,000 4,000 2020 £ - 1,726 1,726 2020 £ - - |
Total £ 20,062 20,062 13,916 3,546 17,462 2,600 6,146 2020 £ 4,000 4,000 2020 £ - 1,726 1,726 2020 £ - - |
|---|---|---|
| 6,146 | ||
| 2020 £ 4,000 4,000 2020 £ - 1,726 1,726 2020 £ - - |
13. Debtors
14. Creditors: amounts falling due within one year
15. Creditors: amounts falling due a�er more than one year
10 of 13
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements Con�nued For the year ended 31 March 2021
16. Movement in funds
Unrestricted Funds
| Unrestricted Funds | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | |
| 01/04/2020 | resources | resources | 31/03/2021 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 9,011 | 32,952 | ) (21,587 |
20,376 |
| 9,011 | 32,952 | ) (21,587 |
20,376 | |
| Unrestricted Funds - Previous year | ||||
| Balance at | Incoming | Outgoing | Balance at | |
| 01/04/2019 | resources | resources | 31/03/2020 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 15,526 | 35,491 | ) (42,006 |
9,011 |
| 15,526 | 35,491 | ) (42,006 |
9,011 | |
Purpose of unrestricted Funds
General
Unrestricted funds are available for use at the discre�on of the Commi�ee in furtherance of their charitable objec�ves unless the funds have been designated for other purposes.
Purpose of restricted funds
General - R
Restricted funds are subject to specific condi�ons set out by donors as to how those funds may be used.
17. Analysis of net assets between funds
| Analysis of net assets between funds | |||||
|---|---|---|---|---|---|
| Tangible fxed | Net current | Creditors > | Net Assets | ||
| assets | assets / | one year | |||
| (liabili�es) | |||||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | |||||
| General | 2,600 | 28,907 | (11,131 | ) | 20,376 |
| Restricted funds | |||||
| General - R | - | 15,800 | - | 15,800 | |
| 2,600 | 44,707 | (11,131 | ) | 36,176 |
11 of 13
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements Con�nued For the year ended 31 March 2021
Previous year
| Previous year | ||||
|---|---|---|---|---|
| Tangible fxed | Net current | Creditors > | Net Assets | |
| assets | assets / | one year | ||
| (liabili�es) | ||||
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General | ||||
| General | 6,146 | 2,865 | - | 9,011 |
| Restricted funds | ||||
| 6,146 | 2,865 | - | 9,011 |
18. Company limited by guarantee
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) is a company limited by guarantee and accordingly does not have a share capital.
12 of 13
Doc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Detailed Statement of Financial Ac�vi�es For the year ended 31 March 2021
| INCOME AND ENDOWMENT Dona�ons and legacies Tithes & Oferings Gi� Aid Other Income Investments Bank Interest Receivable Total incoming resources EXPENDITURE Charitable ac�vi�es Charitable Dona�ons Conferences And Mee�ngs Honorarium Media Expenses Ministry Expenses Training SUPPORT COSTS Management Staf Costs - Wages & Salaries Deprecia�on - Owned Assets Motor Vehicle Expenses Ofce And Administra�ve Telephone Adver�sement And Promo�on Premises Costs Governance costs Accountancy Fees Bank Charges Total resources expended Net Income |
£ 2021 45,336 3,422 3,822 52,580 1 1 52,581 - - - - ) (4,397 - ) (4,397 - ) (3,546 - - ) (553 - ) (14,400 ) (18,499 ) (2,440 ) (80 ) (2,520 ) (25,416 27,165 |
£ 2020 30,763 4,727 - 35,490 1 1 |
||
|---|---|---|---|---|
| 35,491 ) (1,199 ) (2,530 ) (512 ) (297 ) (45 ) (50 ) (4,633 ) (1,668 ) (3,547 ) (75 ) (202 ) (530 ) (624 ) (28,800 ) (35,446 ) (1,609 ) (318 ) (1,927 |
||||
| ) (42,006 ) (6,515 |
13 of 13 This page does not form part of the statutory financial statementsDoc ID: 544c708b02b74f9149d533e0e7d9d3ca73896cc4