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 2022
Doc ID: 79664a2ebba35018a6a9a97e35de3d6e47ae006a
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Contents Page For the year ended 31 March 2022
| Report of the Trustees | 1 to 3 |
|---|---|
| Independent Examiner's Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 |
Doc ID: 79664a2ebba35018a6a9a97e35de3d6e47ae006a
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Report of the Trustees For the year ended 31 March 2022
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The objectives of the Church are set out below:
To advance the Christian 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 time to time 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 time to time may think fit.
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)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
Training and development as well as leadership training are the global vision and designed of activities at Jubilee Christian Church International (JCCI) worldwide. They will continue to take place throughout the year.
These include Believers' Basic/Prayer Schools, Leadership History Makers (HMT) training program, Team and Fellowship Leaders training program and church workers and volunteers' program. We also attend other relevant conferences, seminars and exhibitions designed to equip us to carry out the work of the ministry more effectively and to prepare us for even more growth and increase/expansion.
Our main service holds 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 Christian walk, education, career, business, family, relationships, and creativity. The impact of these teachings is evident in the lives of our members.
Jubilee Christian Church International continues 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 potentials 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 attending the weekly meetings and regular training sessions. All our programs and activities are designed to raise strong, vibrant, and responsible young people who will grow up to have a positive impact in all their sphere of influence in the home, the church, the community, the nation and beyond.
Giving: In line with the objects of the church, we have continued to support members going through hardships through our welfare programs. We also continue to support other charities who are involved in missions that are complementary to our works.
In the summer season, we prepare a barbeque event that is free to attend in a bid to reach out to our immediate neighborhood. We also organise a coffee/tea morning that is free to attend throughout the year for the less privileged in our environment.
This year we gladly supported Jubilee International Bible Institute, a globally accredited institute with a grant towards the work and progress they continue to make.
FUTURE PLANS
Our focus in the immediate future is to procure a nine-seat minibus to convey members to all church activities and programs, and to purchase a property, a permanent place for church activities 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 programs. 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 effectively.
We are also developing our media capacity for global reach and Endtime harvest as well as discipleship of nations for the Lord.
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Doc ID: 79664a2ebba35018a6a9a97e35de3d6e47ae006a
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Report of the Trustees Continued For the year ended 31 March 2022
FINANCIAL REVIEW
In the year to 31st March 2022, the charity reported total income of £249,036 and a net surplus of £210,306, accumulated funds were £246,482.
The Trustees continue to place emphasis on financial management to ensure that the funds within the organisation are property managed.
Significant events
As part of our plans to purchase a property as a permanent place of worship, the charity received donations of £210,000 in the year to 31st March 2022, restricted for the purpose.
A big thank you to JCCI Zion Chapel, Chapel of Grace, Faith Arena and everyone who gave generously towards this cause.
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 continue the Charity's activities and are working towards achieving it. The aim is to build reserves levels to approximately 3 months of unrestricted expenditure.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Jubilee Christian Church International is a charitable company limited by guarantee and is controlled by its governing document; the memorandum and articles of association incorporated on 22 March 2010.
Recruitment and appointment of trustees
Trustees are elected by existing trustees in accordance with the Memorandum and Articles of Association. A retiring Trustee may be re-elected.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Charity registration number 1135644 Company registration 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:
Pastor Abiodun A Abiodun Pastor Margaret Oke Pastor Charles Onasile Pastor Bernice Oyeneye Evangelist Arike Olubowale Pastor Matthew Oyeneye Pastor Kolawole Jesubayode Secretary Pastor Bernice Oyeneye Independent examiner Tolu Obisesan 4a - 6a Hythe Street Dartford DA1 1BX
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JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Report of the Trustees Continued For the year ended 31 March 2022
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 31 October 2022 Pastor Bernice Oyeneye
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JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Independent Examiners Report to the Trustees For the year ended 31 March 2022
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022.
Responsibilities and basis of report
The charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied 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 examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Tolu Obisesan 4a - 6a Hythe Street Dartford DA1 1BX
31 October 2022
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JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2022
| Notes Restricted funds Unrestricted funds £ £ Income and endowments from: Donations and legacies 210,566 38,469 2 Investments - 1 3 Total 210,566 38,470 Expenditure on: Charitable activities ) (38,280 ) (450 4/5 Total ) (450 ) (38,280 210,116 190 Net income Reconciliation of funds Total funds brought forward 15,800 20,376 Total funds carried forward 20,566 225,916 |
2022 £ 249,035 1 249,036 ) (38,730 ) (38,730 210,306 36,176 246,482 |
2021 £ 52,580 1 52,581 ) (25,416 ) (25,416 27,165 9,011 36,176 |
|---|---|---|
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07197228
Registered Number :
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Statement of Financial Position As at 31 March 2022
| 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 liabilities Creditors: amounts falling due after more than one year 15 Net assets The funds of the charity Restricted income funds Unrestricted income funds 16 Total funds |
£ 2022 - - 4,000 255,242 259,242 ) (3,352 255,890 255,890 ) (9,408 246,482 225,916 20,566 246,482 |
£ 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 |
|---|---|---|
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
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with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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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.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Pastor Abiodun A Abiodun Trustee
31 October 2022
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JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements For the year ended 31 March 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.
Funds
Unrestricted funds are available for use at the discretion of the Committee in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Charitable activites
Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer equipment 20% per annum on cost Musical equipment 20% per annum on cost
2. Income from donations and legacies
| Restricted funds Unrestricted funds £ £ Donations received 210,566 38,469 210,566 38,469 |
2022 £ 249,035 249,035 |
2021 £ 52,580 52,580 |
|---|---|---|
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JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements Continued For the year ended 31 March 2022
3. Investment income
| nvestment income | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| Bank interest receivable | 1 | 1 | ||
| Costs of charitable activities by fund type | 1 | 1 | ||
| Unrestricted | Restricted | 2022 | 2021 | |
| funds | funds | |||
| £ | £ | £ | £ | |
| Charitable activities | 18,067 | 450 | 18,517 | 4,397 |
| Support costs | 20,213 | - | 20,213 | 21,019 |
| 38,280 | 450 | 38,730 | 25,416 | |
| Costs of charitable activities by activity type | ||||
| Activities | Support | 2022 | 2021 | |
| undertaken | costs | |||
| directly | ||||
| £ | £ | £ | £ | |
| Support costs | ||||
| Charitable activities | 18,517 | 20,213 | 38,730 | 25,416 |
| Analysis of support costs | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Charitable activities | ||||
| Management | 18,579 | 18,499 | ||
| Governance costs | 1,634 | 2,520 | ||
| 20,213 | 21,019 |
4. Costs of charitable activities by fund type
5. Costs of charitable activities by activity type
7. Analysis of support costs
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JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements Continued For the year ended 31 March 2022
8. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| Depreciation of owned fixed assets Accountancy fees Staff costs and emoluments Staff |
2022 £ 2,600 1,420 2022 1 1 |
2021 £ 3,546 2,440 2021 1 1 |
|---|---|---|
9. Staff costs and emoluments
Staff give their time willingly and are unpaid.
10. Trustee remuneration and related party transactions
There were no related party transactions in the year or prior year.
There were no trustees remuneration in the year or prior year.
11. Comparative for the Statement of Financial Activities
| Restricted funds Unrestricted funds £ £ Income and endowments from: Donations and legacies 19,629 32,951 Investments - 1 Total 19,629 32,952 Expenditure on: Charitable activities ) (21,587 ) (3,829 Total ) (3,829 ) (21,587 15,800 11,365 Net income Reconciliation 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 |
|---|---|
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JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements Continued For the year ended 31 March 2022
12. Tangible fixed assets
| Computer equipment Musical equipment Cost or valuation £ £ 15,628 4,434 At 01 April 2021 At 31 March 2022 4,434 15,628 Depreciation 13,028 4,434 At 01 April 2021 Charge for year 2,600 - 15,628 4,434 At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021 - - - 2,600 13. Debtors 2022 £ Amounts due after more than one year: Other debtors 4,000 4,000 14. Creditors: amounts falling due within one year 2022 £ Loans and overdrafts 2,352 Accruals and deferred income 1,000 3,352 15. Creditors: amounts falling due after more than one year 2022 £ Loans and overdrafts 9,408 9,408 |
Total £ 20,062 20,062 17,462 2,600 20,062 - 2,600 2021 £ 4,000 4,000 2021 £ 2,575 1,000 3,575 2021 £ 11,131 11,131 |
Total £ 20,062 20,062 17,462 2,600 20,062 - 2,600 2021 £ 4,000 4,000 2021 £ 2,575 1,000 3,575 2021 £ 11,131 11,131 |
|---|---|---|
| 2021 £ 4,000 4,000 2021 £ 2,575 1,000 3,575 2021 £ 11,131 11,131 |
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JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements Continued For the year ended 31 March 2022
16. Movement in funds
Unrestricted Funds
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Balance at|Incoming|Outgoing|Balance at|
|01/04/2021|resources|resources|31/03/2022|
|£|£|£|£|
|General|
|General|20,376|38,470|(38,280)|20,566|
|20,376|38,470|(38,280)|20,566|
|Unrestricted Funds - Previous year|
|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|
----- End of picture text -----
Purpose of unrestricted Funds
General
Unrestricted funds are available for use at the discretion of the Committee in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Purpose of restricted funds
General - R
Restricted funds are subject to specific conditions set out by donors as to how those funds may be used.
17. Analysis of net assets between funds
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||||||
|---|---|---|---|---|
|Tangible|Net current|Creditors >|Net Assets|
|fixed assets|assets /|one year|
|(liabilities)|
|£|£|£|£|
|Unrestricted funds|
|General|
|General|-|29,974|(9,408)|20,566|
|Restricted funds|
|General - R|-|225,916|-|225,916|
|-|
|255,890|(9,408)|246,482|
----- End of picture text -----
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JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements Continued For the year ended 31 March 2022
Previous year
| Previous year | ||||||
|---|---|---|---|---|---|---|
| Tangible | Net current | Creditors > | Net Assets | |||
| fixed assets | assets / | one year | ||||
| (liabilities) | ||||||
| £ | £ | £ | £ | |||
| 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 | ||
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.
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