Registered Company: 7208973
Registered Charity: 1136492
jubilee
LOVING GOD
LOVING OTHERS
LOVING LIFE
FARNHAM
TRUSTEES' REPORT
AND FINANCIAL STATEMENTS
for the year ended 31 March 2025
Jubilee Church Farnham
A Company limited by guarantee in England & Wales
Registration No.7208973
A Registered Charity No. 1136492
Registered Office:
Weydon Christian Centre, Upper Way.
Farnham. GU9 8RL
Part of Newfrontiers - a worldwide family of churches
together on a mission, Churches Together in Farnham
and a member of the Evangelical Alliance.
Loving God. Loving Others. Loving Life.
JUBILEE CHURCH FARNHAM

CONTENTS
INDEX
Legal and Administrative Information
Report of the Trustees
Report of the Independent Examiner
Statement of Financial Activities incorporating income and expenditure account
Balance Sheet
Notes to the Financial Statements
1
2-7
8-9
10
11
12-20

JUBILEE CHURCH FARNHAM
LEGAL AND ADMINISTRATIVE INFORMATION
BOARD OF TRUSTEES
Mrs EA Foster (Resigned on 16 July 2024)
SP Gubb
D Dowley
L Quinlan
1 Fletcher
N Newman
COMPANY REGISTERED NUMBER
7208973
CHARITY REGISTERED NUMBER
1136492 (England and Wales)
REGISTERED OFFICE
Weydon Christian Centre
Upper Way
Farnham
Surrey
GU9 8RL
ELDERS
S P Gubb - Minister
R L Garvey - Minister
N Smith-Rogers - Elder
N Newman - Elder
TOludiye - Elder
BANKERS
Lloyds Bank
75 Castle Street
Farnham
Surrey
GU9 7LT
INDEPENDENT EXAMINER
Shaw Gibbs (Audit) Limited
Wey Court West
Union Road
Farnham, Surrey
GU9 7PT
1

JUBILEE CHURCH FARNHAM
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustees (who are also directors of the charity for the purposes of the Companies Act) present
their annual report, which incorporates the directors' report, and the financial statements of Jubilee
Church Farnham (the Charity) for the year ended 31 March 2025.
The Trustees confirm that the annual report and financial statements of the Charity comply with the
current statutory requirements, the requirements of the charity's governing document and the
provisions of the Statement of Recommended Practice (SORP), 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 2015) as amended by Update Bulletin 1 (effective
January 2015)
Since the charity qualifies as small under section 383, the strategic report required of medium and
large companies under the Companies Act 2006 (Strategic Report and Director's Report)
Regulations 2013 is not required.
STRUCTURE, GOVERNANCE AND MANAGEMENT
a. CONSTITUTION
The Charity is a charitable company limited by guarantee (Company Registration number 7208973)
and was set up by a Memorandum of Association on 30 March 2010. It is registered with the Charity
Commission in England and Wales as charity number 1136492.
The objects of the Charity are:
• To advance the Christian faith (in accordance with the statement of beliefs);
• To relieve sickness and financial hardship and to promote and preserve good health by the
provision of funds, goods and services of any kind, including through the provision of
counselling and support; and
• To advance education in such a way and in such parts of the United Kingdom or the world
as the Trustees from time to time may think fit.
b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the Charity is the responsibility of the Trustees who are appointed under the
terms of the company's Articles of Association.
The Charity has instigated a formal process for the recruitment of new Trustees to bring additional
skills and experience to the Board of Trustees.
c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES
New trustees are appointed by the Board. New Trustees are selected for their expertise which they
can offer the Charity and are invited to attend Board of Trustees meetings before their appointment.
2

JUBILEE CHURCH FARNHAM
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued)
d. ORGANISATIONAL STRUCTURE AND DECISION MAKING
The Trustees, who shall not be less than 3 in number, hold meetings every second month. The
Trustees are all required to be members of the Trust and those who held office during the year are
shown on page 1.
The Trustees actively review the major risks which the Charity faces on a regular basis and have
also examined other operational and business risks and have established systems to mitigate
significant risks. The Charity's risks are reviewed an ongoing basis, as and when required.
OBJECTIVES AND ACTIVITIES
a. POLICIES AND OBJECTIVES
In setting objectives and planning for activities, the Trustees have given due consideration to
general guidance published by the Charity Commission relating to public benefit and in particular
to its supplementary public benefit guidance.
The Trust is involved in the running of congregations in Farnham and Bordon. It is involved in many
community-based projects as can be seen in the review of activities below.
b. ACTIVITIES FOR ACHIEVING OBJECTIVES
These are set out in the "Review of activities" section below.
ACHIEVEMENTS AND PERFORMANCE
a. GOING CONCERN
After making appropriate enquiries, the Trustees have a reasonable expectation that the company
has adequate resources to continue in operational existence for the foreseeable future. For this
reason, they continue to adopt the going concern basis in preparing the financial statements.
Further details regarding the adoption of the going concern basis can be found in the Accounting
Policies.
b. REVIEW OF ACTIVITIES
In May, we saw the successful return of our Spring Away children's weekend, which brought
together 72 children in school years 3-6 from both Jubilee Church and The Vine Church, Odiham.
The weekend was filled with outdoor activities, craft sessions, games, worship, and Bible teaching,
and proved to be a valuable time of connection and faith development.
In June, we piloted a new initiative, the Refresh Café, designed to serve parents and toddlers within
our local community. During the same period, we launched When Dreams Change Course, a
session supporting parents of children with additional needs, and continued running our established
parent support group, SoFa.
A particular highlight in June was our Waverley Woods Church Weekend, where 224 people
participated—some camping and others joining as day visitors. The weekend provided an excellent
opportunity for fellowship and community building.
3

JUBILEE CHURCH FARNHAM
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued)
b. REVIEW OF ACTIVITIES (Continued)
Later that month, Jubilee played a key role in coordinating a joint church service at Waverley Abbey
House, which brought together 348 people from across the local Christian community. We also
helped facilitate the One Youth event, which united various church youth groups for an evening
concert featuring Teelow.
In August, we took 60 young people from Jubilee Church, Hope Church, and Mosaic Church to the
Newday Festival. Additionally, a large group attended the Commission Festival, hosted by our wider
network of churches.
September saw the official launch of our Refresh Café. Alongside our Jabble pre-teen girls group,
The Den after-school club, and youth club, these ministries continue to attract many from the wider
community. Encouragingly, around half of those attending are not regular members of Jubilee
Church, demonstrating healthy growth on the fringes of our congregation. Our Halloween
alternative event, the Light Party, welcomed 63 children, more than half of whom do not normally
attend church.
Building on the success of the inter-church Rethink Missions and Things That Matter initiatives,
Jubilee played a leading role in coordinating a series of autumn events that culminated in a Carol
Service with Canon J. John. Held outdoors in Gostrey Meadow, the service drew 511 people-the
largest evangelistic gathering in the area for several years. This was followed by a joint Alpha
Course in January, attended by 32 participants. In preparation for these events, we hosted a
number of outreach activities, including Saturday Night Out, Pub Quiz, Men's Events, and the highly
successful Light in the Darkness Jazz Evening.
We re-ran When Dreams Change Course and continued our SoFa parent support group. In
addition, we delivered the Practicing the Way course, which attracted 90 participants across
Wednesday and Thursday evenings.
Our most successful Carol Service to date was held in a stretch tent at Weydon Christian Centre,
attracting 205 attendees. We also hosted a Nativity Service, which was well attended by families
connected to The Den. Many were then invited to return to the Centre for a festive Christmas lunch,
which provided further opportunity for engagement and hospitality.
In January, our Annual Church Dinner was held at the Medici Theatre, Weydon School, and
attended by 72 members of Jubilee Church. The evening provided a meaningful time of reflection
on the past year and prayerful anticipation for the year ahead.
During the spring term, we continued with the first module of the Practicing the Way course.
Throughout the financial year, Jubilee Church facilitated a range of training and development
opportunities for both staff and volunteers. These initiatives were designed to uphold the highest
standards—particularly in safeguarding within our children's ministries-and to ensure the
continued delivery of engaging and innovative programmes. We also supported one of our pastors,
Ric Garvey, in his PhD studies. In March, our Senior Pastor, Sean Gubb, began a three-month
sabbatical to research other churches and develop new resources for future ministry.
4

JUBILEE CHURCH FARNHAM
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued)
b. REVIEW OF ACTIVITIES (Continued)
Jubilee Church continues to contribute time and financial resources to Commission, our wider
family of churches, which supports church planting and poverty alleviation projects worldwide.
Sean Gubb, Our Senior Pastor, serves as a trustee of Farnham Christian Community Trust that is
the charitable framework for churches working together to delivery projects like Farnham
Foodbank, Farnham Debt Advice, Bereavement Care, Schools work, Youth Work and other
projects that service our community.
We are pleased to say that Surrey County Council awarded us a £25,000 grant to develop two
pods in our garden for counselling and pastoral work. Farnham Town Council have seen our good
work and offered us a Service Level Agreement to part fund increase house for our Youth Worker
and Families Pastors.
We are thankful for all those who serve the church as volunteers, around 75% of our members,
and look forward to increased growth and impact in the years to come.
c. PUBLIC BENEFIT
In preparing their statements on public benefit, contained within this Trustees' Annual Report, the
Trustees have, in accordance with s.4 of the Charities Act 2006, considered the Charity
Commission's general guidance on public benefit, as well as the specific guidance on public benefit
and fee charging.
The Trustees believe that public benefit is provided by the activities listed in the "Review of
activities" above.
d. FUNDRAISING ACTIVITIES/INCOME GENERATION
The Charity receives most of its funding from voluntary contributions supplemented by gift aid.
Where appropriate it seeks grants or donations to support its activities. It relies on the generosity
of donors for its continuing in operation.
The Trustees have reviewed the Reserves of the charity. They have agreed that the trust should
aim to maintain holding a reserve equivalent to three months of salaries (currently approximately
£33,000).
The charity's funds at the balance sheet date total £166,550 (2024 - £132,918). This is made up of
a designated fund of £105,937 (2024 - £105,937) representing the written down value of the
charity's property, restricted funds of £25,000 and unrestricted funds of £35,613 (2024 - £26,981).
5

JUBILEE CHURCH FARNHAM
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued)
FINANCIAL REVIEW
RESERVES POLICY
PLANS FOR FUTURE PERIODS
The church intends over the next few years to continue and to expand its activities in Farnham and
Bordon.
MEMBER'S LIABILITY
The company is limited by guarantee. On a winding up of the company the members will each be
required to contribute a sum not exceeding £1.
CASH FLOW STATEMENT EXEMPTION
As permitted under the Charities SORP 2015, the Trustees have not prepared a Cash Flow
Statement, as the charity is not a larger charity.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the special provisions relating to companies
subject to the small companies regime within Part 15 of the Companies Act 2006.
PAYMENTS TO OR ON BEHALF OF THE TRUSTEES
The church minister, Mr S Gubb received a salary for their work for the church as set out in Note 4
to the financial statements. His salary was agreed by the other Trustees, and he was not present
during discussions about his salary. He also received the sum of £8,269 (2024 - £7,875) during the
year for costs he incurred on behalf of the charity. All expenses are authorised by other Trustees
or independent staff.
PAY POLICY FOR SENIOR STAFF
Salaries for key management staff are set by the Remuneration Committee (made up of non-paid
Trustees), in accordance with the charity's Remuneration Policy and approved by the Trustees.
Local and national comparators are taken into account, alongside individual responsibility levels
and performance.
6

JUBILEE CHURCH FARNHAM
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued)
TRUSTEES' RESPONSIBILITIES STATEMENT
The Trustees (who are also directors of the Charity for the purposes of company law) are
responsible for preparing the Trustees' report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under
company law the Trustees must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resources, including the income and expenditure of the charitable
company for that period. In preparing these financial statements, the Trustees are required to:
• Select suitable accounting policies and then apply them consistently;
• Observe the methods and principles in the Charities SORP;
• Make judgments and accounting estimates that are reasonable and prudent;
• Prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show
and explain the charitable company's transactions and disclose with reasonable accuracy at any
time the financial position of the charitable company and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
This report was approved by the Trustees and signed on their behalf by:
IFL
18/12/2025
Mr | Fletcher
Date
Trustee
7

JUBILEE CHURCH FARNHAM
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JUBILEE CHURCH
FARNHAM
I report on the financial statements of the charity for the year ended 31 March 2025, which are set
out on pages 10 to 20.
This report is made solely to the company's Trustees, as a body, in accordance with section 145
of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been
undertaken so that I might state to the charity's Trustees those matters I am required to state to
them in an independent examiner's report and for no other purpose. To the fullest extent permitted
by law, I do not accept or assume responsibility to anyone other than the charity and the charity's
Trustees as a body, for my work or for this report.
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities preparing their accounts in accordance with the Financial Reporting Standards applicable
in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by
Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the
extant regulations but has been withdrawn.
This has been done in order for the accounts to provide a true and fair view in accordance with the
Generally Accepted Accounting Practice effective for reporting periods beginning on the after 1
January 2015.
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 financial statements. The Trustees consider that an audit is
not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an
independent examination is needed. The charity's gross income exceeded £250,000 and | am
qualified to undertake the examination by being a qualified member of the Institute of Chartered
Accountants in England and Wales.
Having satisfied myself that the charity is not subject to audit under charity or company law and is
eligible for independent examination, it is my responsibility to:
examine the financial statements under section 145 of the Act;
to follow the procedures laid down in the general Directions given by the Charity
Commission under section 145(5)b of the Act; and
• state whether particular matters have come to my attention.
8

JUBILEE CHURCH FARNHAM
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JUBILEE CHURCH
FARNHAM (Continued)
Basis of Independent Examiner's Report
My examination was carried out in accordance with the 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 financial statements presented with those records. It also includes
consideration of any unusual items or disclosures in the financial statements, 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 financial statements present a 'true and fair view' and the report is limited
to those matters set out in the statement below.
Independent Examiner's 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 financial statements which accord with the accounting records, Accounting and
Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard in the UK and Republic of Ireland (FRS 102) and in other respects 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
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of
the financial statements to be reached.
Signed:
m. Dekingin
Mark Dickinson FCA
Shaw Gibbs (Audit) Limited
Wey Court West,
Union Road
Farnham
Surrey GU9 7PT
Dated: 19/12/2025
9

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
INCOME
Donations
Total Income
EXPENDITURE
Charitable activities
Church Activities
Community Activities
Governance costs
Total Expenditure
Notes Unrestricted Designated Restricted
Funds
Funds
Funds
2
За
3b
344,236
344,236
264,538
1,200
265,738
14,256
55,610
69,866
NET INCOME/(EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS
78,498
(69,866)
8,632
RECONCILIATION OF FUNDS
FUNDS BROUGHT FORWARD
26,981
FUNDS CARRIED FORWARD
35,613
The notes on pages 12 to 20 form part of these financial statements.
(69,866)
69,866
105,937
105,937
25,000
25,000
:
:
25,000
25,000
-
25,000
Total
2025
369,236
369,236
278,794
55,610
1,200
335,604
33,632
33,632
Total
unrestricted
& restricted
Funds
2024
321,464
321,464
303,700
53,201
1,200
358,101
(36,637)
(36,637)
132,918
166,550
169,555
132,918
10

JUBILEE CHURCH FARNHAM
BALANCE SHEET AS AT 31 MARCH 2025
Company registration number 7208973
Notes
2025
FIXED ASSETS
Tangible Assets
CURRENT ASSETS
Debtors
Cash at bank & in hand
2025
€
223,054
2024
2024
239,328
7
CREDITORS: due within one year
NET CURRENT ASSETS
CREDITORS: due after one year
8
26,304
129,519
155,823
(8,769)
6,175
44,109
50,284
(5,016)
147,054
45,268
9
(203,558)
(151,678)
(203,558)
(151,678)
TOTAL NET ASSETS
166,550
132,918
CHARITY FUNDS
RESTRICTED FUNDS
General Funds
Designated Funds
UNRESTRICTED FUNDS
25,000
-
35,613
105,937
26,981
105,937
141,550
132,918
TOTAL FUNDS
166,550
The Trustees consider that the company is entitled to exemption from the requirement to have an audit
under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not
required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for ensuring that the company keeps accounting records
which comply with section 386 of the Act and for preparing financial statements which give a true and
fair view of the state of affairs of the company as at 31 March 2025 and of its net resources expended
for the year then ended in accordance with the requirements of section 394 and 395 of the Act and
which otherwise comply with the requirements of the Companies Act 2006 relating to the financial
statements so tar as applicable to the company. These financial statements have been prepared in
accordance with the special provisions relating to companies subject to the small companies regime
within Part 15 of the Companies Act 2006.
These financial statements were approved by the Trustees on
and are signed on their behalf by:
IFL
Mr | Fletcher - Trustee
132,918
11

JUBILEE CHURCH FARNHAM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1 ACCOUNTING POLICIES
(a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with Acounting 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 2015) - (Charities SORP (FRS 102)) and the Companies Act 2006
The Charity has adopted the amendments made to SORP 2015 in Update Bulletin 1.
(Effective January 2015). The financial statements have been prepared to give a 'true and fair' view
and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent
required to provide a 'true and fair' view. This departure has involved following the Charities SORP
(FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities:
Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Jubilee Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historic cost or transaction value unless otherwise stated in the relevant
accounting policy.
(b) COMPANY STATUS
The company is a company limited by guarantee. the Trustees named on page 1 are also
members of the company. In the event of the company being wound up, the liability in respect of the
guarantee is limted to £1 per member of the company.
(c) FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the company and which have not been designated for
other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particula
purposes. The aim and use of each designated fund is set out in the notes to the financial statement:
Restricted funds are funds which are used in accordance with specific restrictions imposed by
donors or which have been raised by the company for particular purposes. The costs of raising
and administering such funds are charged against the specific fund. The aim and use of each restric
fund is set out in the notes to the financial statements.
(d) INCOME
All income is recognised once the company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Voluntary income is received by way of donations and gifts, and is included in full in the
Statement of Financial Activities when received. Donations arising under gift aid and deeds of
covenant, together with the tax recoverable thereon, are accounted for when received. Provision
is made for gift aid yet unclaimed at the year end on income received prior to the end of the financial
period.
12

JUBILEE CHURCH FARNHAM
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
1 ACCOUNTING POLICIES (CONTINUED)
(e) EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to make payment to a third
party, it is probable that settlement will be required and the amount of the obligation can be
measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and
governance costs are allocated to the applicable expenditure headings cost categories.
Support costs are those costs incurred directly in support of expenditure on the objects of the
company. Support costs have been allocated between governance costs, which are those incurred
in connection with administration of the company and compliance with constitutional and statutory
requirements, and other support costs.
(f) GOING CONCERN
The Trustees consider that there are no material uncertainties about the charity's ability to
continue as a going concern.
(9) CASH FLOW
The charitable company has taken advantage of the exemption to produce a cash flow statement
in accordance with Update Bulletin 1.
(h) DEPRECIATION
Fixed assets are for the use of the company in fulfilling its main charitable objectives. Assets
over £250 are capitalised and depreciated. Depreciation is provided at rates considered
appropriate to reduce book values to estimate residual values over the useful lives of the assets
concerned:-
Equipment
Permanent Buildings
25% straight line
5% Straight line
(i) CREDITORS AND PROVISIONS
Creditors and provisions are recognised where the company has a present obligation resulting from
a past event that will probably result in the transfer of funds to a third party and the amount due to
settle the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement amount.
13

JUBILEE CHURCH FARNHAM
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
1 ACCOUNTING POLICIES (CONTINUED)
() TAX STATUS
The charitable company is recognised as a charity and therefore is not assessable to corporation
tax on any surplus charitable funds.
(k) PENSIONS
The company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the company to the fund in respect of the year.
(1) CRITICAL ACCOUNTING ESTIMATES AND ASSUMPTIONS
Estimates and judgements are continually evaluated and are based on historical experience and
other factors, including expectations of future events that are believed to be reasonable under the
circumstances
Critical accounting estimates and assumptions:
The company makes estimates and assumptions concerning the future. The resulting accounting
estimates and assumptions will, by definition, seldom equal the related actual results. The estimates
and assumptions that have a significant risk of causing a material adjustment to the carrying
amounts of assets and liabilities within the next financial year are discussed below.
Critical areas of judgement:
Tangible fixed assets are depreciated over their useful lives taking into account residual values
where appropriate. The actual lives of the assets and residual values are assessed annually and may
vary depending on a number of factors. In re-assessing the asset lives, factors such as technological
innovation, product life cycles and maintenance programmes are taken into account. Residual values
consider future market conditions, the remaining life of the asset and projected disposal values.
14

JUBILEE CHURCH FARNHAM
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
2 DONATIONS
Donations under Gift Aid
Other Donations
Tax Recoverable
2024
3 EXPENDITURE
3а CHURCH ACTIVITIES
Staff Costs
Meeting Costs
Evangelism
Building Costs
Other administrative Costs
Insurance
Church Events
Mission Giving
2024
Unrestricted Designated Restricted
Total
Funds
Funds
funds
€
€
2025
202,532
202,532
81,141
25,000 202,142
60,563
344,236
25.000
60,563
369,236
321,464
- 321,464
Unrestricted Designated Restricted
Funds
Funds
funds
€
€
123,532
28,467
5,822
17,932
57,229
1,778
:
14.256
:
9,094
20,684
264,538
289,827
14,266
13,873
Total
2025
:
123,532
28,467
:
5,822
32,188
:
57,229
1,778
:
9,094
20,684
278,794
303,700
Total
unrestricted
& restricted
Funds
2024
209,230
65,749
46,485
321,464
Total
2024
152,427
35,335
4,819
38,203
36,679
1,671
7,062
27,504
303,700
15

JUBILEE CHURCH FARNHAM
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
Funds
Designated Restricted
Funds
funds
3b COMMUNITY ACTIVITIES
3bi Chantrys Activities
Staff Costs
Other Administrative Costs
:
:
:
3bii The Den
Staff Costs
Other Administrative Costs
In 2024 all costs were from designated funds
3biii Schools work
Staff Costs
In 2024 all costs were from designated funds
3biv FCCT
Staff Costs
In 2024 all costs were from designated funds
TOTAL COMMUNITY ACTIVITIES
2024
27,440
1,138
28,578
:
6,496
20,536
55,610
53,201
Total
2025
Total
unrestricted
& restricted
Funds
2024
27,440
1,138
28,578
22,062
25087.
6,496
6,129
20,536
55,610
53,201
19,373
53,201
16

JUBILEE CHURCH FARNHAM
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
4 STAFF COSTS
2025
Wages and salaries
Social Security Costs
Pension Costs
146,815
5,267
15,343
167,425
The average number of staff employed by the charitable company
during the year were:
No. of
Employees
2025
No. of FTE
2025
2024
174,349
2,411
12,981
189,741
Church Activities
Community Activities
No. of
Employees No. of FTE
2024
2024
3.6
1.6
8
5.2
Remuneration was paid to Trustees and their close family as follows:
S Gubb
2025
Salaries
Social Service Costs
Pension
26,117
2,349
3,803
32,269
6
H Gubb
2025
12,030
962
12,992
4.6
Total
2025
38,147
2,349
4,765
45,261
Total
2024
33,430
1,248
4,496
39,173
Housing allowance
£21,420
£21,420
£19,800
No employee earned more than €60,000 per annum.
The charitable company's Memorandum of Association permits the remuneration
of Mr S Gubb who is a Director and the Minister of the Church.
Mrs H Gubb is the wife of Mr S Gubb, a Director. She is the church
children's worker and has a normal contract of employment.
Decisions concerning payments to Directors or their related parties are always made
without the relevant Director.
No other Director or close relative received any remuneration.
17

JUBILEE CHURCH FARNHAM
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
5 NET INCOME FOR THE YEAR
This is stated after charging:-
Independent examiner fees
Depreciation
6 TANGIBLE FIXED ASSETS
Cost
Balance as at 1 April 2024
Additions
Disposals
Balance as at 31 March 2025
Depreciation
Balance as at 1 April 2024
Charge
Disposals
Balance as at 31 March 2025
Net Book Value at 31 March 2025
Net Book Value at 31 March 2024
7 DEBTORS
Other Debtors
Prepayments
2025
1,200
16,674
17,874
Buildings
327,525
327,925
92,853
14,256
107,109
220,816
234,672
2025
8,927
17,377
26,304
8 CREDITORS DUE WITHIN ONE YEAR
Other Taxes and Social Security
Other Creditors
9 CREDITORS DUE AFTER ONE YEAR
Other Loan
2025
€
154
8,615
8,769
2025
203,558
203,558
The loan is set at 1% below the UK Bank base rate.
2024
1,200
16,481
17,681
Equipment
€
37,654
:
37,654
32,998
2,418
35,416
2,238
4,656
2024
6,175
6,175
2024
813
4,203
5,016
2024
151,678
151,678
Total
365,179
400
365,579
125,851
16,674
142,525
223,054
239,328
18

JUBILEE CHURCH FARNHAM
NOTES TO FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
10 MOVEMENT ON FUNDS
Balance Income Expenditure Transfers Balance
01-Apr
Between
31-Mar
2024
funds
2025
Unrestricted General Fund
€
26,981
344,236
(265,738)
(69,866)
35,613
Designated Funds
The Den
Schools work
FCCT
Capital Fund - Weydon Christian Centre 105,937
Total Designated Funds
105,937
...
(28,578)
(6,496)
(20,536)
(14,256)
(69,866)
28,578
6,496
20,536
14,256
69,866
WCC Refresh
Total Designated Funds
:
132,918
25,000
25,000
:
:
369,236 -
335,604
-
-
105,937
105,937
25,000
25,000
166,550
Designated Funds
FCCT - This fund reflects the investment of time by Jubilee staff in Farnham Churches Together projects
Individuals - The charity has received gifts specifically for individuals' needs
The Den - these funds are used for a Friday afternoon community based children's ministry
designed to reach out to less affluent parts of Farnham.
Schools Work - This fund enables the charity to second staff into inter-church schools work
in Farnham.
Capital Fund - Weydon Christian Centre - This fund is represented by the Weydon Christian
Centre property and will reduce annually by depreciation on the building.
Restricted funds
WCC Refresh - This funds reflect the investment for the purchase of PODs to be used by Jubilee in relation
to offering couselling services
19

JUBILEE CHURCH FARNHAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 ANALYSIS OF ASSETS
Tangible
Net
Fixed
Current
Total
2025
Assets
Assets
Tangible
Net
Fixed
Assets
Current
Assets
€
Restricted Funds
Designated Funds
General Funds
-
25,000
25,000
105,937
117:17 - 31,504
105,937
35,613
223,054 - 56,504
166,550
105,937
133,391 - 106,410
239,328 - 106,410
12 RELATED PARTY TRANSACTIONS
Transactions with directors and their families are disclosed within Notes 5 and 10 to the
financial statements. There were no further transactions with related parties that
required to be disclosed.
Expenses (including travel, telephone and all manner of running costs) amounting
to £8,269 were reimbursed to one trustee during the year. (2024 - £7,875).
The company operates a defined contributions pension scheme. The assets of the
scheme are held separately from those of the company in an independently
administered fund. The pension costs charge represents contributions payable
by the company to the fund and totalled £11,170 (2024 - £14,436)
At the year end £3,380 was accrued (2024 - £Nil)
14 CONTROLLING PARTY
The charitable company is under the control of the trustees
15 LEGAL STATUS
The company is a charitable company incorporated in England and Wales.
Its registered office is Weydon Christian Centre, Upper Way, Farnham GU9 8RL
Total
2024
105,937
26,981
132,918
20