REGISTERED COMPANY NUMBER: 07197228 (England and Wales) REGISTERED CHARITY NUMBER: 1135644 JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) (A COMPANY LIMITED BY GUARANTEE) Trustees. Report and Unaudited Financial Statements for the Year Ended 31 March 2024 Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Contents of the Financial Statements for the Year Ended 31 March 2024 Page Chaimian's Report Trustees. Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10 to 15 Detailed Statement of Financial Activities 16 to 17 Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Chairman's Report for the Year Ended 31 March 2024 We are thrilled to report our position at the end of March 2024, it has been a graceful year of power and achievements. The work of the Lord continues to wax strong and we give Him all the glory for our achievements thus far. A big thank you to all our volunteers and every donor that has made it possible. Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Trustees. Report for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 March 2024. 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 Republic of Ireland (FRS 102) (effective 1 January 2019). Objectives and activities Objectives and aims The objectives of the Church are set out below: To advance the Christian faith in accordan 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 servIs, 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. Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Trustees. Report for the Year Ended 31 March 2024 Objectives and activities Significant activities Training and development- including leadership training are the global vision and design of activities at Jubilee Christian Church International (JCCI) worldwide. They will continLJe to take place yearly. These include Believers, BasiclPrayer Schools, Leadership History Makers (HMT) training program, Team and Fellowship Leaders training program and church workers and volunteers, program. We 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 increaselexpansion. Our main service holds on Sunday mornings as well as the first Friday evening of every month which 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 program continues to exceed our expectations 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. In line with the objects of the church, we have continued to support members going through hardships through our welfare programs and support other charities who are involved in missions that are complementary to our works. To reach out to our community. we prepare our annual free attendance barbeque event in the Summer to reach out to our immediate neighborhood and we organise regular coffeeltea mornings throughout the year for the less privileged around us. In July 2024, we successfully acquired a property in Edgware as our permanent place of worship. a long term goal that has come to fruition we want to use this opportunity to thank every one that supported us during the process and in the achievement of the goal. We recognise that this is a goal for many churches and we want to help others achieve it. JCCI had the privilege of making a donation to JCCI Zion Chapel to this effect. We updated our media capacity with new technology and successfully developed our website https'.Ilwww.jccifaitharenauk.org Public benefit The trustees confirm that they have complied with the Charity Commission's guidance on public benefit. Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Trustees. Report for the Year Ended 31 March 2024 Objectives and activities Volunteers The charity has volunteers who assist the church in achieving its objectives - the church is fully run by volunteers. Financial review Financial position In the twelve months under review. net results for the year were (£22,506). (2023: £31.789) and carries forward funds of £255,785; {2023: £278,27). As part of our plans to assist other JCCI chapels in achieving their goal of purchasing a property as a permanent place of worship. the charity donated £75.000 to JCCI Zion Chapel in this financial year. Reserves policy The Trustees believes that a level of unrestricted funds should be maintained so that in the event of a significant drop in donations, the charity will be able to continue it's activities we are working towards building unrestricted reserves level to three months of 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. Funds in deficit Funds in deficit in this financial period is due to the donation made to JCCI Zion Chapel from restricted reserves which carries forward a balance of £232,348. (Mar 23: £234,578). Future plans We will continue to engage in outreach and evangelism as we launch into our new environment and beyond. We will continue to collaborate with other churches and denominations in supporting the underprivileged. elderly and youth in the area. We plan to continue to provide food bank ServIS and other welfare support for our members and other people who are going through financial hardships as well as other community support services in the local area. A minibus to convey members to all church activities and programs is still part of our future plans. Structure, governance and management Governing document Jubilee Christian Church International is a charitable company limited by guarantee and is controlled by its goveming document. the memorandum and articles of association incorporated on 22 March 2010. Recruitment and appointment of new trustees Trustees are elected by existing trustees in accordance with the Memorandum and Articles of Association. A retiring Trustee may be re-elected. Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Trustees. Report for the Year Ended 31 March 2024 Reference and administrative details Registered Company number 07197228 (England and Wales) Registered Charity number 1135644 Reg istered office Elizabeth House Elizabeth House 54-58 High Street Edgware Middlesex HA8 7EJ Trustees Pastor Abiodun Ayoola Abiodun Mr Kolawole Oluseyi Jesubayode Mr Jean David Kouaho Mrs Margaret Nihinlola Oke Mrs Arike Ganiyat Olubowale Mr Charles Olufemi Onasile Mr Matthew K O Oyeneye Mrs Bernice A O Oyeneye Company Secretary Mrs Bernice A O Oyeneye Independent Examiner Tolu Obisesan (MAAT) ANS Accounts Ltd 82A James Carter Road Mildenhall Suffolk Essex IP28 7DE This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 11 December 2024 and signed on its behalf by: A6tfjdunA A6i4du4 Pastor Abiodun Ayoola Abiodun - Trustee Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
Independent Examinerfs Report to the Trustees of Jubilee Christian Church International (United Kingdom) Independent examiner's report to the trustees of Jubilee Christian Church International (United Kingdom) {'the Company,) report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 examiner's 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: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records. or the accounts do not comply with the accounting 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 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi 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 (MAAT) ANS Accounts Ltd 82A James Carter Road Mildenhall Suffolk IP28 7DE 11 December 2024 Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Statement of Financial Activities for the Year Ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes Income and endowments from Donations and legacies 72,108 25,228 97,336 69,142 Investment income 527 527 88 Total 72.635 25.228 97.863 69.230 Expenditure on Charitable activities Activities in furtherance of the charity's objectives 39.704 80.665 120.369 37.421 NET INCOMEI(EXPENDITURE) 32.931 (55.437) (22.506) 31.809 Reconciliation of funds Total funds brought forward 45.943 232,348 278,291 246,482 Total funds carried forward 78,874 176,911 255,785 278,291 The notes form part of these financial statements Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Balance Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes Fixed assets Tangible assets 9,245 9,245 560 Current assets Debtors Cash at bank 4.035 73,767 4.035 250,678 4.000 284,533 176,911 77.802 176.911 254.713 288.533 Creditors Amounts falling due within one year {4,919) (4,919) (4,355) Net current assets 72,883 176,911 249,794 284,178 Total assets less current liabilities 82.128 176.911 259.039 284,738 Creditors Amounts falling due after more than one year 10 (3,254) (3,254) (6,447) NET ASSETS 78.874 176.911 255.785 278,291 Funds Unrestricted funds Restricted funds 12 78.874 176,911 45,943 232,348 Total funds 255,785 278,291 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otheMise comply wth the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Balance Sheet - continued 31 March 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 11 December 2024 and were signed on its behalf by: A&tfi A6t&&u Pastor Abiodun Ayoola Abiodun - Trustee The notes form part of these financial statements Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordan with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan 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. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be reiVed and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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. Charitable activities 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. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Fixtures and fittings Computer equipment 1 /0 on cost 20 % on cost 200/0 on cost Taxation The charity is exempt from corporation tax on its charitable activities. 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. 10 Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Fund accounting Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. INVESTMENT INCOME 2024 2023 Bank interest 527 88 CHARITABLE ACTIVITIES COSTS Direct Costs Support costs Totals Activities in furtheran of the charity's objectives 116,573 3,796 120,369 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting): 2024 2023 Depreciation - owned assets 1,155 140 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements - continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total funds Income and endowments from Donations and legacies 60.480 8.662 69.142 Investment income 88 88 Total 60,568 8,662 69,230 Expenditure on Charitable activities Activities in furtherance of the charity's objectives 35,191 2,230 37,421 NET INCOME 25,377 6,432 31,809 Reconciliation of funds Total funds brought forward 20.566 225,916 246.482 Total funds carried forward 45.943 232.348 278.291 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold propety Computer equipment Totals Cost At 1 April 2023 Additions 5,134 5.040 15,628 20,762 9,840 4.800 At 31 March 2024 4,800 10,174 15,628 30,602 Depreciation At 1 April 2023 Charge for year 4,574 1,155 15,628 20,202 1,155 At 31 March 2024 5,729 15,628 21,357 Net book value At 31 March 2024 4.800 4.445 9,245 At 31 March 2023 560 560 12 Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements - continued for the Year Ended 31 March 2024 DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Other debtors 4,035 4.000 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 11) Accrued expenses 2,919 2,000 2.655 1.700 4.919 4.355 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 11) 3,254 6,447 11. LOANS An analysis of the maturity of loans is given below: 2024 2023 Amounts falling due within one year on demand: Bank loans 2,919 2,655 Amounts falling due between two and five years: Bank loans - 2-5 years 3,461 6.447 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal (207) 13 Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements - continued for the Year Ended 31 March 2024 12. MOVEMENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestricted funds General fund 45,943 32,931 78,874 Restricted funds Restricted fund 232,348 (55,437) 176,911 TOTAL FUNDS 278,291 (22,506) 255,785 Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 72,635 (39,704) 32,931 Restricted funds Restricted fund 25.228 (80,665) (55,437) TOTAL FUNDS 97,863 (120,369) (22,506) Comparatives for movement in funds Net movement in funds At 3113123 At 114122 Unrestricted funds General fund 20,566 25,377 45,943 Restricted funds Restricted fund 225,916 6,432 232,348 TOTAL FUNDS 246,482 31,809 278,291 14 Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) Notes to the Financial Statements - continued for the Year Ended 31 March 2024 12. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 60,568 (35,191) 25,377 Restricted funds Restricted fund 8,662 (2,230) 6,432 TOTAL FUNDS 69.230 (37,421) 31,809 13. RELATED PARTY DISCLOSURES JCCI Intemational UK made a donation to JCCI Zion Chapel in the year to Mar 24 of £75,000 (Mar 23: £Nil). Trustees and their family members made donations to the church in the year to Mar 24: £17,091 (Mar 23: £19.813). 15 Document ID.. af601 d29-207e-4616-a4be-517c725d4cbb