COMPANY REGISTRATION NUMBER.. 7304473 CHARITY REGISTRATION NUMBER.. 1142076 Jubilee Centre (Cambridge) Company Limited by Guarantee Unaudited Financial Statements 31 August 2021
Jubilee Centre (Cambridge Company Limited by Guarantee Financial Statements Year ended 31 August 2021 Page Trustees, annual report (incofporats'ng the directorfs report) Independent examiners report to the trustees statement of financial acbvitses fincluding income and experiditure account) 10 12 Statement of financial position 13 Statement of cash fiows 15 Notes to the financial statements 16
Jubilee Centre (Cambridge) Company Limited by Guarantee Trustees. Annual Report {Incorporating the Dlrectofs Report) Year ended 31 August 2021 The trustees, who are a&0 the directU5 for the purposes of compasry law, wesent their Tepcrt and the unaudited finanual ststements of the charty for the yeai ended 31 August 2021. Reference and admln15trntlve detsils Reglsteyed charEty name Jvbdee Certh (Cambridge) Charfty Yegistration number 1142076 Company registration number 7304473 Principal office and registered Sl Andrevls Hwse office 59 Sl Andrews Street Cambridge CB2 38Z The trustees Timthy Stephen Adarw Abigail Bradshaw Sve Halliday R055 Hendry Ralph Lee Reference and adnmnistratsve details are shown in the Sd)edU of members of the board and professional advtsers on page l of the finarKial statements. Independent examlner Robert Ajlin FCA Mli ton Ha Ety Road Milto Cambr¥dge UK CB24 BWZ
Jubilee Centre (Cambridge) Company Limited by Guarantee Trustees, Annual Report Ilncorporatlng the Directofs Report) Year ended 31 August 2021 Objectives and activities Objects of the Charity The objects of Jubilee Centre Icambiwjgel as stated in Ihe Mewnrffandum and Articles of A550aation, are.. The prornolt'on of the Chrislian Teligion and the advancement of educa1ion by". Carrying out research into %that the Bible teaches aboijl Social, polibtsl and economic institutlons and policy and vthat the Bit4e says about Such Instrtutns and how poly can be used to provide inswJhts into the prot4ems of contemwjrary sotieties. Publishiftg the findings of such research into the general pubtic and in parbcular to Christian churches and ChTists'ans through teaching. preadiing and vKiting. Alms researth into the econom. social and ¢xthral issues that are impacting oui workl, 8nd analyse them from a biblical perspe(live. We equip Christians for pulAic adershIp TIh resources for Ihinknng biblically about soctety. thew own professions and diffent areas of interest We engage with indwiduals and organi58tions to FThnote a biblical social refom agenda, including initiatives around intergeneratx)nal Jusb". disln"bub"on of wealth and inrne. the impact of technology and socral care. Aongside this is a commitmerrt to workiNJ in partnership with other5. and reflects a b81ance at three leve15 of eng8gemerrt that we seek to maintain. between academic iese8rch and acce55ible resources, beiween public theology and practiral appli(xbon. and between public policy and the deusions each of us lace in daty lrfe_ Public Benefit Statement The trustees have due iegard for the public benefft guidan pubfithed by the Charitses Cornmission and are mintyul ol this in the decisioTrmaking process. spec3rally. ihey have examined the tollowing Charty Commission documents and believe tha( the activitE5 of the 8nd the content of this port are compliant wilh the public benefft guKlance prowded IheTein. Charity Commission's set ofthree publK benefft guides12013} o Public benefrt.. the pULl benefft requiremenl IPB1) o Public benefit.. running a charTty IPB2} o Pubtsc benefrt: Reporting IPB31 The Advancement of Religion forthe Public Benefft IDeceThthr 2008. amended 20111 The Advancement of Edu(alKJn forthe PuL4ic Benefft (December 2tK)8, amended 20111 AII Olsr activrties are intended to contribute towaffls the realtsation of our vision p¥omoling the pef50nal, social, economic and SPIT11 weare of all souety. Thus, ihrough researth into the biblical vision for swety and the publication of our findings, we seek to promote wider unde¥standing of bibl81 teaching and to encourage its praclice by IM)th Chrbstians and those vtho would yet be convinced by our arguIentS. Training, teaching and the publiration of educational resources is one of the key ways that inforrnaltoTr is dissevninated.
Jubilee Centre (Cambridge) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrectors Report) {corthu Year ended 31 August 2021 De5cription5 of the ways tn whith the tharity'5 activ"e$ benefft the public land 8re assIble to members of the publicl are interwoven throughout Ihis annual report. Significant Activlties Research is the wellspnrlg from which the rest ol our aclwibes draw their sljStenan. Our research has a in focus - on the contenl of bbkal social teathing and on the nature of its appli(%tion to modern Society Iprincipalty Brrtainl. Our regul81 pu1¢ationS dUde the quartety issue5 of Cambridge Papers and our vt-house newsletter. Engage, both of vthich explore a variety of issues in o)ntemporary public Itfe. All of our resources are avaikble via our web5r(e, which 15 a key elemenl in ensuring that the beneffts of OUT research and publication5 are free accessib]e to the wider public. We a150 distribute by trmail monthty suwn8ry of our latest news and commenl. and a regular prayer update. lo anyone who wishes to recewe them. To support the educab.onal vabje of researth and publirAtions. we organise public events, especialty in the Jubilee Lounge next to oui Offi in c[ Cambridge. and a training progTamme that indudes an online course. a Surnr 5d)ool and a graduate programme_ As the Cowd-19 pandemic continued to limit physical attendance, we adapted Dur events to host them rnosty online, bul the group on the gra(luate pwramme We ae to work together in peOn for over haw the duration ol their course. Volunteer Involvement In addition lo Ihe paid staff of Jubee Centre. the charity h85 beneffited from the work of vdunteets, who have helped in various capacrties wth OUT conferences of events. The mst significant area. however, Whe we are indebted to Ihe prTrbono contributions of some key indiviLlua15, IS the Cambridge Papers editorial group and guest aulhot5 who regularty gNe their time, efforts and skills to produce our peer-reviewed qtsarterty publication. Cambri(Jge Paper5. The tharity also bene)Its from the voluntary invofvement of others who oCCa51Dnal write t409 posts. 8ltides or reports. This typicalty enaNes thertF to contribute ideas more freety to the wdeF public than would be p055ible for them Iheir professional capacities alone.
Jubilee Centre (Cambridge) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) fc0Trbnttr) Year ended 31 August 2021 Achievements and performance Summary The Jubilee Cenlre team started the year undeT the conb.nued limitalions of Covi&19 locktlowns, and we continued to develop our online PTe5ence, Orgals[9 a majoT Conferen across five days Ni November 2020 which tracted over 350 partJ"upanis from arnund the wodd. Our response to the pandeffl induded setttng up three task forces explored both the chaflenges a5 well as opportunitÈes fDf soaol 10 In the upheaval caused ty Covid-19. Our research programme induded submstting a 20,OtKJ word feport on dimate thange and Staiting iwo other si9nfficant projects,. these were in addrtion to OilT quartety Cambridge P8peTS. In terms of training, we ran a second SAGE Graduate Programrne in Cambridge over a 5iX-tTronth period with five exptiOnal young leadus. &$ well as puth.ng on our Summer Galhering OnL7e for the second year running- Charitable Activittes in Detail Research We rA)mpleted and published one vrmjor research reyjrt during the year exploring a relalion81 sponse to dimate change. which was commissKJned ty Sallux. Stsrbng with the phenomenon of birth strikes as a way to protest against climate change. the report exafflined more wi(Jety the irjtersection of relationships, population and the envtrDnment. Two other marn reseaTch projects were started with support from Sallux.. the first vrds to inform th[ campaign to renew the ViSiDn for chrisb.an democracy across EuTDpe by setting out a methodology for connecting the B$e'S relational vision to econorTric, soual and polititxl challenges today. The second make the ¢a5e for a paradigm shtft trom wealth extr8Ction tOW8rds shared weahh cr&rytn in the post-covid economy. Tralnlng Our wtsrk around equipping people to draw on the Bible to infThTn theirthinking on issues in public lrfe Yocused on fv40 drfferent programmes.. tyjr online (¥&r5e and our regular sumffler sthool. The SAGE graduate programme ran for a second b.me beLween Octobw 2020 and March 2021, fNe p8rtIUP8nts one more than the previous cohort. On accotjnt of the disnjption caused by the pandemic, we cut the duration from nine months to SL¥ month5 and thanged the research phase from working on one project together, to each partiapant researching the issue of their th0Ong. JubiEee Ce)tre's sixth Soual Reforme Summer Sthool (renamed Summer Gathering) took place in June. when the theme was 'The Good of PO1C$.. Due lo the pandemiG. for the second ye31 running the event was thlty online and was cc•densetl into a 48 hour period. A blend of recorded Ve0 ialks and live discussion allowed people to partirApate from dtfferent time zLe$. Thwe were 20 participants alongside five staff members and nine speakers. Pafts"cipants Cle from NoaY, Sweden, Kenya, Ecuador, India the Netherfands as well as from UK. Emphasis was plac on application with a practical workshop to develop concrete ideas for each patb"tipanl to begin to 35 a Galaty5t for soaal reform in their own context and calling- Our partnership with Wavertey Abbey College (validated by the Universty of Mdsex) wa8 cemented as we agreed for Jubilee Centre lo design and deliver a core Tnodule foT their planned MA programme in publi¢ leader5hw. The CumluM will draw Mdety from Jubilee Centre'5 existing publications and training, and will be shaped arwnd the module trfle. Farth. hope and love in public discourse.. Onllne Events In September 2020 we launthed our matn report published earlier in Ihe year. Money Canl Fix Evewing. wth a panel discussion betsyeen the author and representats"ve5 of the Centre for Social
Jubilee Centre (Cambridge) Company Umlted by Guarantee Trustees. Annual Report (Incorpordting the Directorfs Report) l£othinuedJ Year ended 31 August 2021 Justice. TTansforTlling Ve5 for Good, the Tru58eN Twst and SpuTgeon5 Childrens ChaTity. Ovw 60 people partiapated in this Iwety discuSw. During the year we held fve 'Cambridge Papefs LNe' events, when the authors introduced and summarised their recent Paper. followed by 3 QSA wrth pacipants and in some cases a panel. The teS thus presented were 'R&magintng Church 8uildings. Difficult Histories,, 'Birds have nests. biblical reflection5 on the housing 51S.; 'After the virus.. is it ts'rne for a debt jubilee? and 'Surveillance Capitalism.. Ihe hidden cost5 of the digital reIliC,. Attendan at these online events ranged from 29 to 88. We continued to 15ffer 50Twie event5 as part of Cambridge Univwsty's annual Festiwal of Ide8s, held entirely online this year. In the two week5 before Easter, we PLrt on four lectUTes that We attended by around 50 people each. .2021.. the best of b"mes. the worst of ts"mes' featured five young leaders refiecung on the challenges of public leadership in the ojrrent dimate,. a second lalk introduced the life of medieval rnysti¢ and 'great-grandf8ther of computer suence. Ramon Llull., a third entffjed li A A V15ion of home Iplain explored the importance of houses being homes and the impact of the housing cnsrs on househokls," and our final evenL Remaking the wodd through relabonship, set out thè concepival approach to pu1¢ policy issues which Ihe Jublee Cenlre has been develtspin9 since 7980s. Conferences In November 2020, we herd a major Ihat bmught together leading Chrith" thinkets. comrnentators and practitioner5 to consider what kind of institutional reforms should be pursued following the disrupb.on ol Covid-19. Endorsed by 12 Christian organisations. 'Seeds of Change. looked beyond the immediate responses over the ccwnsng months to longer term Social changes. We focused on debt, the putpose of business and the role tsf (#vil soaety and the discussions explored the distinctive CCtribution the Christian faith can brtng to Ihe tab at this pwot31 moment Over 500 people registered for the cferenCe oveiau. and beeen 150 and 220 attended each day - the largest event which the Jubllee Centre has organisetj fot several yeats. A second conference gave an opporlunty fof each of the pathcipants on the SAGE graduate progr8Fnme to present a survynary irftheir Ind¢v¢dual research projects. whith they had carrled out over the previous fv40 months. The topics were communty partiripation and ciivienship". freedorn and autonomy in education.. B Corporalions and the Tole of bLtsiness-, kinshp, infertilty. and new reproductNe technologies.. and the lrfe and legacy of Keir Hardy. Task Forces A ssgnrficant way in which Jubifee Centre respon(kd to Ihe Ctiwd pandemic to set up three task forces to think strategicalty and biblicaty around the potential for positive in5btub.onal refoTrn in key areas of public lrfe. We drew t(yJether leading thinkers practiiioners to explore the issues of debt. the mle ofthe stste and sotia legitimacy of business. They met over several months, and members ol each task fce presented some of their thinking and findings during the Seeds of Change wnference. A5 part of their remit was to txintribute to the national conversabon around these three issues. artidey from the debt task force were published in the Church Times, the CtyAm bjsiness magazine in London, and EvangeliGgls Now. After the Seeds of Change conference. Ihe debt task force and the purpose of business task for continued to rneet. The latter developed a narr3tNe fof bringing in a biblical 8nd relational perspective lo contribute to Ihe national conversation afOUt)(J business purpose. espeualty the British Academvs FLJture ol the C(xporation projecL We took on a part-time researcher to develop this narratNe further by wilting ¢Jp some case sdIeS of CoMpanS that were putling social purpose at the heart of their siness.
Jubilee Centre (Cambridge) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors Reportl fcontsnuEdJ Year ended 31 August 2021 Regular Publlcatlons One of Jubilee Centre'5 primary publtstis is lh8 quarterly CafflbT¥lge Paper& which reaches over 4.000 people by post every quarter. and as rn8ny online. Tiues thi5 year induded 'Are Chrislianrty and society in tx)nflict?: 'ArD"ficral intelligence and Simulated relatiShSp$': 'Biblical refiections on the housing (yisis,; and'Reimagining church buiklings.. We have continued to irrfDrm nthotk of SUppterS through our quartety Engage m8gazine, our monthty e-News bulletin and periodic prayer letters. These keep supporters up to date wlh our latest pUblCatIons, researth, evenls and Iraining opportun.es. A theme running through the 2020 calendar year wa5 Famity, and the January edib.on of Engage took Ihat as ils focu5. Sculpture Prolect We sought pemianent tywners for the fve Reform swWre$ ty Li¥iu Mocan over the year and h8ve lound Cambridge chuTches interested in acquiring The Lamb of Gott and'AnchoT Cast up to Heaven,. Wheaton College near Chicago in the US purchased the largest of the sculptuies, 'Trumpet in the Universe.. which enabled us lo repay the loans taken out to cover the final costs of making the exhibition. Onllne Engagement In terms of online aclivty, during th8 2020-21 year Ihere were 169.392 vi5f(OTS to our main website lup 15.2°/o frorn 147,010 in 201201. of which 98% were first time vssitors. 199,852 sessions were recorded lup 14.0% from 175,2661, YAlh 251.672 page views lup 12.20/0 from 224,2691. Average session duration lexc4uding bounces) was 7 wninutes 14 seconds Idovm from T53"1. On social media. 8tthe end of Ihe year we had 1,218 followers on Facebook lup 14.2% from the same "me V)e previous year} and 1,444 followeTS on Twrtter lup 4.5%). The total number of re[aents of our monthty eNews was 4,668 at the end of the year lup 6.40AI. Flnanclal review Income lor the year ending August 2021 Wds £250,411 with expenditure of £236.153. produng a surplu5 for the year of £14.258. Reserves Policy Durin9 the year the InFStees confirrned Ihat their would be to hokl an amount in available reserves equNalenl to three month5. core salary and iental cost5. The reserves at 31st August 2021 satisfied thi5 criterion, as they WEre augmerrted Ihrough the sale of the largest of the five Reformation sculpture5. Grant Making Policy The Jubilee Centre does not make any gTaDts to other otganisations but d(S from time to time offer scholarships to P8rl1(jpaT appng lo wrtraining ptogranvnes, rffUndIg is available.
Jubllee Centre (Cambridge) Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) leIve) Year ended 31 August 2021 Structure, goyernance and MoEeMertt Goveming Document and Constitution Jubilee Centre ICarTtblldgel was incorporated on Ihe 51h Juty 2010 Icompany no. 7304473) and commenced operating as a comparry limited by guarantee on the 1st Septembef 2011. It is aL80 registered as a Chanty with the Chartty Commission for England & Wales Ichality no. 11420761. It continued the work previousty carried out by the Jubilee Ce¥rtre. a charity registered in 1984 Icharity no. 2887831. which ceased to operate on 31 Augllst 2011. Governance The d)arty operates a governance policy, ts main provisions being bas on 'Good Govemance". a Code for the Voluntary and Cornrnunity Seclorf-, the version for small organisab.ons vms pUished ¥Mth support from the Ch8rty Commission as a second edib.on in 2011. Recruiknen( Appolntment and Induction ot Ttustses Invitations are extended from tirne to time to suttable qualffied and exriencl men and women to become trustees. following consuttatlon wth the exisbng body of trustees. The role and responsililities of trustees, togelher wth Ihe process of reuuttmerrt and induction. are covered in the new Govemante 0ment Isee above}- A I3triK of trustees. inteSIS and skilss is regularfy reviewed. NewPI appointed trustees are prov*Jed wth a coryrehensive pack of induclion materials. incknding 8 ctspy of the Memorandum and Arbdes of Assooaiion. They wiu have an indiKtion wth fellow trustees, the Executive Director and will be expected to spend lyme with other members of staff, farniliarising themselves Mth the workings ofthe charity. Intemal Controls The systems of itrtemal control are designed to provide reasonable. trtrt not absohrte assurance against misstatement an(J loss. They indude". a strategic plan and an annual bu¢SJet apk¥oved by the Irustees fflonthty management ar)urrtS u)mparing against budget regular reports Submitted by Ihe Executive Dir&lr regularc0ns1deratic ty the tru51ees of Ihe fin8ncial SUItS identrfication of and management of risks On this basi5 Ilustees regulaty revtew and manage the risks fad by the Jubilee Centre. Executive Le8derJhip M81ch. Jonathan Tame, has been Exe1&Ve DiFedor of Jub51ee Centre since January 2011, infotTned the trustees that he w$hed to stsnd down froffl the role by the end of the calendar year. A reixuitment campaign was initiated, th the help of the executive retxuitment company Camelian Search. They engaged with a total of 68 potenti81 (xndidates, from which a shot11ist of four strong contenders was drawn. Folowing an informal and then forrnal interview process. Tim Thorfby was appointed as the next Executive Director. wth effect tnm Decembef 2021.
Jubilee Centre (Cambridge) Company Limited by Guarantee Trustees, Annual Report {Incorporating the Dlrectofs Report) (conthuedj Year ended 31 August 2021 Plans for future perlods Mission and ¥trtegy: The puT5uII of ¢)ur d)aritable objects over Ihe duTatwJn of this report is summed up in the followng ststetTtelll of MissiL (the trustees and new Executive Director Mll review an¢J ie¥i5e the charity. mission and strategy over the course of the next reporb'ng yeafl". The Jubilee Centre is a research and polw thtiik tsnk Ihat promotes a biblical wsion for publr Irfe. We equip Chttstians to wotk toward5 50ci3l transfomHtion in the area5 of PLqtLiCS, the economy. business and wider soaety. Through OUT research. events. FWtAtrxlsons and training we enable people lo think bIblalty about their profe5ssonal work, acadernic discipline cw iSSLtes in the medi8. 8nd help individuals and chuTthes grow tnore effectsve as'salt and light. (Matt14 5'.13-161. Our strategy is based around Ihe following rMMments.. build a strong research base to generate ideas by analy5ing currenl issues frorn a bibli(%l pe¥sFective'. then to develop leaders through events, Iraining and publTcations, and fjnalty to cultivate netrworks of people anLI organ5S3tjOn5 cofflmitted to pursuing bibl1 Social relom - all the while growitjg stronger anLI more effective as a chartty. This can be surnrn8ri5ed in ftjur yJrds.' resewi. equip, engage, thrive. Wthin the broad aim to deliver Te5ouT$ for public beneffiL our particular focus is on people who are concerned to see the gospel impacl every area of lrfe and soclety. These indude_' Christians In pubfic lrfe and leadership. as we help them to grasp the untSetlying issues in their sphere of iTffluence from a biblical per5ctive, and to discem whal a biblica1-Inf0mled response ight look like Leaders of churches and Christian organisatiOn5. equipping Ihem wlh resources to help them tèach about God's purposes for socxty and to address specffic soaal issues Christian students & earty ¢areer profesSX)n81s, trdining them to think biblicalty about their subjectthrk and the bwder worfd We believe the Bible as a vh*Jle sets oul a a)het wsion for lite and society that has enduring relevance for Britsin and Ihe world in the tt¥enty-first cenlury. We 3150 believe that every Christian is called to play a part in God'5 redemptive mission: which indudes bolh personal salvation and social transfonnab'on. C0nsequerrt, we have adopted these four 5trate9rc aims. with a corresponding Set of objectives and oiitPLrts for each." Demonstrate Ihat the Ble offers a coherent visfitsn for hLtman 17ourishing and for society as whole, which is relevant to issues in publ life today. mutb.ply the number of Christians who nelwork and t))IFaborate to pwsue bitrAr21 social reform inits"atives in UK. Europe and globalty. Increase access lo opportunibes for people to study. understsnd arhd appty thE bibliixl vision for SOLiety in their own contexl. Develop Jubilee Ce as an effecbve an¢J sUStainaNe OTganisation thal SULxeeds in renewng rt5 mission across generations.
Jubilee Centre (Cambridge) Company Limited by Guarantee Trustees. Annual Report {Incorpordting the Dlrectofs Report) fcL¥¥kn Year ended 31 August 2021 The trustees, 8nnual report was appfov&J on 21 Decernber 2021 atKt Si9rred behalf of the l)oard of trustees by". Ralph Lee Trustee
Jubilee Centre (Cambridge) Company Llmited by Guarantee Independent Examlnerfs Report to the Trustees of Jubilee Centre (Cambridge) Year ended 31 August 2021 I report to the trustee5 on my examination of the financial statements of Jubli ee Centre {Cambridgel Ilhe chaTity'I for Ihe year ended 31 August 2021. Responsibilitlès and basis of report As the trustees ol the company land 8ko rts directors for the purposes of comparry wI you are responsible for the pparatIOn of the financial StsteMlts tn accordance the reqwrements of the Companies Act 2LX)6 Ilhe 2006 Art). Having satisfied MYSethat the accounts of the c(Nnpany we not requed to be audited under P8rt 16 of the 2006 Act and are eligible for independent examination. I report in ¥espect of my examinabon of the charity's accounts as camert out under section 145 of the Charrties Act 2011 I'the 2011 Act'l. In arrying out my examination I have folh)weil the Directsons gen by the Charity Comrnission under section 14515llbl of the 2011 Act. Independen¢ ex¥mlnefs statement Since the chartty's gross income exceuled £250.IJXJ your examiner mLSSt be 8 member of a body listed in section 145 of the 2011 Ad. I ccrfffirm Ihat l am qualDfjed to undertake the exarnination because l am a member of the Institijte of Charteted Accountants in England and Wales IICAEW), whith 1$ one of the listed bodie5. I have completed my examination. I confinn that no matters have come to Nty attention in connectton wrth the examin8b.on giving me cause lo believe". accounting records were not kept In Te5pecl of the charty as r•]ulred by section 388 of the 20( Act., or the ffnana81 statements do nLrt alxord will those rdS.. I the financial statements do n£rt compty wlh the accounting requirernents ol section 396 of the 20( Act other than any Tequirefflerrt that the account5 give 8 ttrue and fairf view whi 15 not a m3tteT considered as p8rt of an u)dependent examination", or the financial slatements h8ve not been wepared in accordance th Ihe method5 and principles of the Slatement of Recommended Practice for accounting and reporting by Titses applicable to charibes preparing their accounls in accordance wilh the Financial Reports"ng Stw)dard applic3ble in the UK and Republc of Ireland {FRS 1021. 10
Jubilee Centre (Cambrldge) Company Limlted by Guarantee Independent Examlnerfs Report to the Trustees of Jubilee Centre (Cambrldge) Iw)IlrrLte¢ Year ended 31 August 2021 whith atlention 51K>uld bB thi5 lo a1)le a proper urKIW5tWdg of the 8th February 2022 Robert Ajlin FGA Independent Examlner Mknon Hall Ety Road Mllon UK C824 6WZ 11
Jubilee Centre (Cambridge) Company Limited by Guarnntee Statement of Financial Activities (Includlng income and expenditure account) Year ended 31 August 2021 2021 Re5kncted tunds Total funds Total funds 2020 Unrested d8 Incorne and endowments Donations and legacies Olher income 194,535 55,876 194,535 55,876 223.461 10.077 Total Income 250,411 250.411 233.538 Expenditure Expenditure on tharttable acltvrtres Totsl expendlture 236,153 236,153 241,821 236.153 236,153 241.821 Net Ineomell*xpendltyYel befove transfers 14.258 14,258 18.283} Transfers between funds 7,229 (7,2291 Net incomellexpendiiurel and net movement in funds 21.487 (7.2291 21,487 18,2B3 Recon¢iliztion of funds Total fund5 brtyjght fofward Totsl ftJnd8 carried forwdl 58.8 7.239 66,125 74,408 80.383 80,383 66.125 The statement of financial activrties includes all gain5 and losses recognised in the year. l income and expendtture derive fro continuing activrfJ"es. The fin8ndal 51atements, which have been prepared in aordrKe th the speoal provisions relab.ng to thrtable companies subject to the small cJ)mpanies regime thin Part 15 of the Companies Ac 20(, were approved by the board on 21 DerEmber 2021 and signed on its behalf. The notes th poge$ 16 to 23 fofft pwt of these financial stateme 12
Jubilee Centre (Cambridge) Company Limited by Guarantee ststement of Financial Position 31 August 2021 2021 2020 Fixed assets Tangible fixed assets Heritage assets 13 14 2,858 29,579 3,781 45,65t 49,432 32,437 Current assets 15 16 5.919 10,782 37.405 4,806 13,174 25.573 Oebtors Cash al bank and in hand 54,106 43.553 Credltors.. amounts falling duE wlthln one year 17 6,160 26.860 Net ¢yrrent assets 47.946 16,693 Total assets less current Ilabllltles 80.383 &S.125 Funds of the charity Restricted funds Unrestricted funds 7,229 58,896 80.383 Total charfty funds 18 80,383 66,125 The diredots consider that the charifabje company Y6 entitled to exemption from Ihe requiremet)t to have an audit under the prows1(S of Sedion 477111 of the Companies Att 20(. Members have not required the chartsble £omp8ny under Secion 476 of the Companies Act 2006, to obtsin an audit for the year ended 31 August 2021. The directors acknowledge their responsibilrties for ensuring that the cornpany keeps accnunting rec$ whth Compty ¥th SeLt¥Jn 386 and 387 of the Companies Act 2006 and for preparing financsal stalemen15 which gNe a true and fair view of the slate of affairs of the charrtable company as at 31 August 2021 and ol Its SUTplus for the year then ended in accordance with the requirements of SectK>n 396 and which Otherwise (x)mp with the requirements of the Act relating to the finanaal ststements 85 tdr as applicable to the charrtable company. These )Inanaal statements have been prepared in aC(rdanCe wth the proviSK$ applicable companies subject to the $rn811 companies. regone. The statement of financial position continues on the following page. The notes on Pa9 16 to 23 fonn port irftl*se finanelal $latements. 13
Jubilee Centre (Cambridge) Company Limited by Guarantee statement of Financial Position {cOntinj 31 August 2021 These finan(ial statements We appTo¥ed by the board of trustees and authorised for issue on 21 December 2021, and are signed (Trn behalf of the board ty.. Ralph Lee Tnjstee The notÉ6 on pages 16 to 23 fo wl of the5efjnoft¢i•l stattrI 14
Jubilee Centre (Cambridge) Company Limlted by Guarantee Statement of Cash Flows Year ended 31 August 2021 2021 2020 Cash Ilows from operdting actriti Net incomellexpenditurel 14,258 (8,2831 Adjustments for. Depreciation of tangible fixed 8sset5 Depreciation of heritage assets Gains on disposal of heritage assets Accrued expenses 923 924 5,680 136,1501 3.736 ChaftJg85 in." stoths Trade and other debtors Trade and other crediiors 11.1131 11,3441 120.7001 135,3261 135.3261 3.224 7.976 113,4191 Cash generated from operations Net cash Iu5ed inllfrom operating acbyitses 7,213 7,213 Cash flows from investing aclivittes Purchase of tangible assets Proceeds frorn sale of heritage assets Net cash fromllv5ed inl inve$16ng acuvrties 15861 47.158 47,158 15881 Net increase In cash and cash equivalents Cash and cash equivalents at beginning ol year Cash and cash equivalents at end of year 11,832 25,573 6,627 18,946 37,405 25,573 The note5 pages 16 10 23 fomi part ofthe5e financial statwnenls. 15
Jubilee Centre (Cambridge)
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2021
General Infomiation
The ch8rty is a putAlc benefft entity and a privale company Ilmmed by guarantee, registered in
England and Wales 8nd a re9iSLered thanty in England and Wales. The address of the
registered office 15 St AndFeW5 House. 59 Sl Andrevls Street, Cambridge. C82 38Z.
ststement of compliance
These finanaal statements have been prepared in compliance FRS 102. 'The Fin3n(ial
Reporb"ng Standard applicable in the UK and Ihe Repvblic of treland,, the Ststernent of
Recommended Praclice applicalJe to (3rtbes prepaling their accounts in accordance wtth the
Finan(ial Reporting Slandard applute in the UK anil Republic of Irdand {FRS t021 (Chathes
SORP IFRS 10211 and the Companies Act 2006.
Accountlng pollcies
Basis of preparation
The finanrial ststements have been prepared in actordance vrith Accounting and Reporting by
Chartbes." Ststement of Recommended Pracb"c£ applirable to chaTilies preparing their financial
statements in accordance the Finan(xal Reporting Standard appl(cable in Ihe UK and
Republic of Ireland IFRS iir21 leffecbve l January 20151- ICharFties SORPIFRS 1021}, the
Fin8noal RepDffting Standard appficable in the UK 8nd Republic of Ireland IFRS 1021 and Ihe
Companies Acl 2006.
The Jubilee Centre (Cambridge) nts the defjnrbon of a public benofft entsty undei FRS 102.
Assets and liabile5 are Initial recognised at hisiori(xl cAJst or transaction Value unless
otherwse staled in the leVant accounling poliry note5.
Golng concem
The Trustees cOnde[ that ther8 8Fe no Matla1 uncertaintses aboui the thantable comp8ny'
8bilty to conb.nue as a going concem.
Fund accounting
Unrestricted generdl funds
The charrty maintains 8 general unrestricled fund. vthich represen15 fvn(ts ld] arp expendable
t the disiyeltron of the tntstees in furiherdnce of the obieds of the thanty. Such find5 may be
held to finance both working c8ptsI and caprtal investment
Restricted funds
Restricted fv+nds have been provided to the fvr paitiojlar purposes and rt is the policy of
the bo8Td of ttustees to txreftjlty monrtrw the apph'calion of these funtls in accordance with the
restridion piace
Jubllee Centre (Cambridge) Company Limited by Guarantee Notes to the Flnancial Statements (c(tin Year ended 31 August 2021 Accoutrtlng pollcles Incomlng resources Voluntary income is induded in the Statement of Financial Activtties ISOFAI vknen the charity És legalty entitled to the incrAne and the amount can be quantified with reasonable certainty. Grant income is included when the related condrt¥Jns to the gwant have been meL Donations are Cedted to the revenue account when recwved. All other ino)me 15 accounted for on a receNable basi& ResoU¢S expended AM expendtture 15 aixx>uftted for on an accnwls basis. Costs of generaltng fvt)ds are Ihose costs inujrred in attracting voluntary and grant related income. Dect charitable expenditure iluded Ihe costs of the a(X6vibes and depwialion on related assets. Grants are payable at the discretion of the Board of Trustee5, who review each grant appliG*ion on ts indNxJual rnerits. Governance cost5 indude those incurred in the governan of the thaity and its assets and are primarity assouated wrth constitulional and statutory requiremerrts. Support costs indude centrJ function$ and where such costs relate to more than one functional cost category. they have been apptioned in line wrth direcl salary costs of the Televant servicE. Tanglble assets Tangible assets are inibaty recorded at cost. and subsequentty stsled at cost less any accufflulated depreciation and inwaimlent losses. tangible a55etS C8rried 81 revalued amounts are recorded al the fair ¥ae at the date of ievaluab.on less any sLfbsequent acCumated depieuatson and subsequent accumulated impairvnem k)ss8s. An increase In the carying aDv)unt of an asset 85 a resuh of a revaluatson. is recogni5ed in other recognised gains an¢J losses. unless r( reverses a charge for impairment that has PTeviousty been recognised as expendit¢Jre within statement of fjnanual 3ctivits"es. A decrease in the carrying amount of an a55et as a re5utt of ievalualion. recognised in other recognised gains and losses, except to which it offsets any p¥evious reval¢Jation gain. in which case the 105s is shown wf(hin other recugni5ed gains and losses on the stslement offinan(xal 8ctivitses. Dtrprèciation Depreciation 15 calculated so a5 to vmle off the cost or valuation of an a55et. les5 it8 residual value, Dver the useltsl Economic lrfe of that asset as follows.. 17
Jubilee Centre (Cambridge) Company Llmited by Guarantee Notes to the Flnancial Statements (CLtinUeI Year ended 31 August 2021 Accounting pollcles fcoJthiÈwl DeprEciatlon fcMtinuedJ Fi%ture5 and fittings Equipment 10% Straight Line on a full mcfflth basis 25% StraTrght Line on a fiJU mcth basis The Jubilee Centre (Cambridge) purchased fve large sculptures pwousty which were displayed publicly in Cambridge up to 20th January 2020. Depreuation to any extent is provided in respeG of heritage assets to the residual value of Ihe assel. The residual value is delerrninl by tt)e valuation of the asset by the tnJstees or olher exLemJl eyperL Stocks stocks are ¥aed at the lower of cost and net reasale vdue, after making due alkjwance for obsolete and slow moving items. Defined contribution plans The company c))ntrrtrte5 to indNidual pefts4 schemes and Ihe (xjmpanfs stakeholder pension scheme, the assets of which are held in u?dependenty administered funds. Total contribulons to these pension schemes during the year totslled £10.154 I220." £9.856}. At 31st August 2021 £f.12612020.' £8751 was paYse to these fvnds. Limited by guarantee The company does not have share caprtal and is limited by guarantee. Each mEmbet irf the xjmpary undertakes lo contrtjute 5uth amount as may be required Inol exceeding £ti to the company's assets if it should be wound vp vknilst a member or withing 12 months of ceasing lo be a member. ThrOUout year to 31st August 2021, there were five members ol the company12020". five). t)onation$ and legades Unrestricw Totsl Funds Unrestricted Total Funds FvrTds 2021 Funds 2020 Donatbons Donations Charitabte a(ivit$ 183.874 5,225 1B3,874 5.225 207,261 16,2(JJ 207,261 16,200 Legaeles LegacEs 5.436 5,436 194.535 194,535 223,461 223,461 18
Jubilee Centre (Cambridge) Company Limited by Guarantee Notes to the Financlal Statements fc Year ended 31 August 2021 Other Income unreStrted Total Funds Unreslricled Total Funds Funds 2021 Funds 2020 Gain on disposal of herilage assets for cbarrty's 1)wyI use Sale5 of publicatt.ons othei income 36,150 743 18,983 36.150 743 18.983 2,287 7,790 2,287 7,790 55,876 55.876 10,077 10.077 Expendithre on charitable a¢tI¥lt5 by ftjnd ty UnTe$ted Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 Cambridge Paper Core research Support costs 195.214 38.729 2.210 195,214 38,729 2,210 177.151 42.676 21,994 241.821 177,151 42,676 21,994 236.153 236.153 241,821 Expenditure on charitable activlties by activity type Acbvit*s undertaken Grant funding dtredty of activitie5 Support CA)Sts Total funds 2021 Tota fund 2020 Cambridge Papers Core research 188.041 38,729 7.173 465 1.745 195,679 40.474 196,751 45,070 241,821 226,770 7.173 2,210 236,153 Nel Incomellexpenditurvl Net incomellexpenditurel Is statsd after tharg1(CredI1lng).' 2021 2020 Depreciation of tangib fixed a55ets Depreciation of heritage assets Gatns on disposJ of herttage assets 923 924 5,680 136,1501 10. Independent examinatlon fees 2021 2020 Fees payable to the tndependent examiwfor. Independent eXamaD.0n of the finanri81 ststements 1.200 1.200 19
Jubilee Centre (Cambridge) Company Limited by Guarantee Notes to the Financlal Statements Year ended 31 August 2021 11. Stsff costs The total staff c(xsts and ernploy8e beneffts for the reporbng period are anatysed 35 foll(pNs." 2021 2020 Wages and salarses Soa81 security costs EmFAoyer contn"buttons to pension plans 105,844 5,183 10,154 121,181 100.856 5,318 9.856 116,040 The average head count of employees during the year was 6 12020." 41. The average number of fulFtime equivalent employees dvring the year is arbatysed as follows.. 2021 No. 2020 No. Reseatch and fundrwsing staff Management No employee re(%wed employee beneffts of nre than £60.000 during Ihe year12020." Nill. 11 Trustee MUn&tOn and expenses The key rnanagement personnel (rf the cknarity rA)rnpri5e of the Boafd of Truslees and they are not remunerated. 13. Tangible fixed assets FTxbJres and ftb'ngs Equipment Total Cost At 1 Septembw 2020 and 31 August 2021 Depreciation At 1 September 2020 Charge for ihe year At 31 August 2021 Carrylng amount At 31 August 2021 At 31 August 2020 5,390 3,687 9,077 2,537 539 2,759 5,296 923 3.076 3,143 6.219 2.314 2.858 2,853 928 3,781 14. Heritage assets The herrtage assets consist of SCutUreS acquired in the M) years to 31st Augusl 2019, whith aFe held to celebrate Ihe 501Mh annNersary of the Reforrnalion. 20
Jubilee Centre (Cambridge) Company Limited by Guarantee Notes to the Financial S&ements I¢11j Year ended 31 August 2021 14. Herttage assets (¢0 ArchetyPÈS Sculptures Cost or valuation At 1 September 2020 Addrtions Disposals At 31 August 2021 Accumulated deprectation At 1 September 2020 Charge for the year At 31 August 21)21 CaryFng amount At 31 August 2021 At 31 August 2020 56,797 111.008) 45.789 111,1461 15,0641 116.2101 29,579 45.651 Summary oftransactions 2021 2020 2019 Included In the ststement of financial position Purchases 4.274 Total addrbons 4,274 Carrying amount of disposals 11,008 PrOe5 trorn di%posals 47,158 15. Stocks 2021 2020 stod(s (Jf brjoks and bcationS 5,919 4,8( 16. DebtOW5 2021 2020 Prepayments and accFued irLC4)me Other debtors 7,172 3,610 6,536 6,638 10.782 13.174 21
Jubilee Centre (Cambridge) Company Limited by Gvarantee Notes to the Financial Statements fcf Year ended 31 August 2021 17. Credttoys: amounts falllng due ithin one year 2021 2020 Trade credf(ors Sou81 security and othertsxes 4,196 1.964 24,476 2.384 6.160 26,860 1& Anatysi$ of charitable funds Unrestrlcted funds At 31 August zo 21 1 Septernber 2020 Incon Expendiiure Transfers General funds 58.8 250.411 1236.1531 7.229 60,383 At 1 Septemter 21J19 At 31 August 20 20 Income Expenditttre Transfers General fijnds 67.179 233,538 {241.8211 58,896 Restrfcted funds At 1 September 2020 At 31 August 20 21 Incc#)7e ExpendibJre Transfers God, Jusuce & Socaety 7,229 {7,2291 1 September 2019 31 August 20 20 I1Me ExpenditUTe Transfers God, Justice & Soc3ety 7.229 7,229
Jubilee Centre (Cambridge) Company Limited by Guarantee Notes to the Flnanclal Statements Year ended 31 August 2021 19. Anafysls of net assets bet*wn funds Unresiricled Funds Restricted Totsl Funrls Funds 2021 Tangible fixed assets Current assets Creditors less than 1 ye8T 32.437 54.106 16,1601 80,383 32,437 54,106 16,1601 80,383 14et assets Unrestricted Funds Restricted Total FurKIs Fund5 2020 Tangible fixed assets Current assets Creditors less than 1 year Nèt assets 49,432 36.324 126,8601 58.896 49,432 43,553 126,8601 66,125 7,229 7.229 20. Anatysis of changes Tn net debt At 1 Sep 2020 Cash IIow5 31 Aug 2021 Cash al bank and in hand 25.573 11,832 37,405 23