Company Registration Number 7304473 Charity Registration Number 1142076 Jubilee Centre (Cambridge) Company Limited by Guarantee Unaudited Financial Statements 31 March 2025
Jubilee Centre (Cambrldge) Trustees. Report and Unaudlted Accounts For the Year Ended 31 March 2025 CONTENTS Page5 Tru5tees' Report Independent examiner's report Statement of Financial Activities Balance Sheet Statement of Cash fIow Notes to the Accounts io li 12 13-19
Jubilee Centre (Cambridge) Trustee< Report and Unaudited Accounts Forthe Year Ended 31 March 2025 The Trustees present their report and unaudited accounts for the year ended 31 March 2025. Trustees who served during the year and to the date of this report Dr Paul Mills Kim Pearson Catherine Hammond (Resigned 17 September 2024) Dr Michael Schluter (Resigned 15 April 2024) Matthew Ferguson (Appointed 15 April 2024) Rev Dr lan Stackhou5e (Appointed 15 April 2024) Miriam Atkinson (Appointed 18 March 2025) Chair Dr Michael Schluter (Resigned 15 April 2024) Dr Paul Mills (Appointed 15 April 2024) Registered Office Allia Future Business Centre, King's Hedges Road, Cambridge. CB4 2HY Independent Examiner Keith Haddow 24 Mingle Lane, Stapleford, Cambridgeshire
Jubilee Centre (Cambridge} Trustees, Report and Unaudited Accounts For the Year Ended 31 March 2025 Trustee< Report Thefinancial statements complywiththe CharitiesArt2011, the Companies Act 2006, the Memorandum and Articles of Association. and Accounting and Reporting of Charities: Statements 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 1021 (effective l January 2019). Objectives and Artivities The main objertive of the Jubilee Centre (Cambridge) as stated In the Memorandum and Articles of Association is the promotion of the Christian religion and the advancement of education by: Carrying out research into what the Bible teaches about social, political and economic institutions and policy and whatthe Bible says aboutsuch institutions and how policy can be used to provide insight into the problems of contemporary societies. Publishingthe findings of such research into the general public and in particular to Christian churches and Christians through teachin& preaching and writing. Public Benefft Statement The Trustees confirm that they have complied with the duty in section 4 of the Charities Att 2011 to have due regard to the Charity Commission's general guidance on Public Benefit, Charities and Public Benefit. All of the ChariWs activities are intended to contribute towards the realisation of the vision-promoting the social, economic. environmental and spiritual welfare of all of society. Achlevements and performan The year of 2024125 was one of gradual rebuilding under God'5 gracious provision as limited financial resources allowed, after The Centre returned to its original focus of applying the Bible to publlc policy with a special emphasis on the quality of relationships. The Centre published 24 blo8 and feature article5 during the year on topics ran8in8 from Sabbath Keeping to Christians and Wars. Seven feature articles became the
Jubilee Centre {Cambridge) Trustee Report and Unaudtted Accounts For the Year Ended 31 March 2025 bases for webinars for supporters to hear from, and question, the authors. The Centre's podcast series was expanded during the year as the Centre's social media presence was curated on Facebook, Twitter/X and Linkedln. Plans for the future During 2025126, the Centre employed Ruben Alarcon on a more pemianent basis and recruited Miriam Atkinson. It has developed its partnership with Sallux {the European Christian Political Movement) with several joint webinars and projects. An-in-person conference was held for supporters in Cambridge during September 2025. In addition to blogs, article5 and webinars the Centre hopes to expand its podcast series and develop plans for a potential residential training course for supporters in 2026. Resource5 permittin& the Centre hopes to restart original research in applying different aspects of the relational model to society. Flnancial Review 2024125 The deficlt for 2024/25 was {£5,614), (2024: surplus of £47,544). Income Income for 2024125 amounted to £33.885 {2024- £71,233) a decrease of £37,348 on last year. Expenditure Charitable expenditure 2024125 amounted to £39,499 {2024: £23.689) an increase of £15,810 from the prior reported period. Reserves As of 31 March 2025, all reserves held bythecharitywere unrestricted £41,958 (2024: unrestricted resenies £47,542}. Please refer to Page 8 forthe Reserves policy.
Jubllee Centre {Cambridge) Trustee< Report and Unaudtted Accounts For the Year Ended 31 March 2025 Structure. Governance and Management The Charity is a company limited by guarantee, governed by a Memorandum and Articles of Association. The Company's objects and Articles of Association as submitted to the Charity Commission and Companies House follow that: The chariws Board is the ultimate decision-making body to manage the organisation on 3 day-to-day basis. Board members will also be known as directors for the purposes of company law. The number of Trustees is subject to a maximum of ten but shall never be less than three. A Trustee's term of office shall be five years from the date of appointment, there is no limit on the number of times a Trustee's term of office may be extended. The Trustees may appoint a person who is willing to att as a Director. A Trustee shall cease to hold office if he or she is absent without the permission of the Directors from three consecutive meetings and the Directors resolve that his or her office be vacated. Statement of Trustees, Responsibilities The Trustees (who are also Dlrettors of the Jubllee Centre ICambrldge} for the purposes of company law) are responsible for preparingthe 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, which give a true and fairview 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 charity for that year. In preparing these financial statements, the Trustees are required to: Selett suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP 2019 (FRS 102). Make judgements and estimates that are reasonable and prudent.
Jubilee Centre (Cambridge) Trustees. Report and Unaudited Accounts For the Year Ended 31 March 2025 State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements," and 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 disclose with reasonable accuracy at anytimethe financial position of the Charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are 31so responsible for safeguarding the assets of the Charitable company and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. The Dirertors are responsible forthe maintenance and integrity of the corporate and financial information included on the Charitable Companvs website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differfrom legislation in other jurisdictions. Trustee indurtlon and training Once new Trustees have been appointed, they go through an internal induction process where they are invited to meet key Trustees. During their induction, new Trustees are briefed on their legal obligations under charity and company law. Organisatlon The governing body of the Charity is the Board of Trustees, which met approximately every three months during the financial year 2024125. Four trustees, including the Chair, served for most of 2024125, with Miriam Atkinson joining in March 2025. Risk and Internal Control The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. Trustees are also responsible for safeguarding the assets of the Charity and takin£ reasonable steps for the prevention and detection of fraud and other irregularities providing reassuran that: The Charity complies with relevant laws and regulations. Its assets are safeguarded against unauthorised use or di5POSition.
Jubilee Centre (Cambridge) Trustee< Report and Unaudited Accounts For the Year Ended 31 March 2025 Proper records are maintained, and financial information used within the Charity or for publication is reliable. The principal risks facing the Charity are financial in ensuring that sufficient monies are available to ensure the continuity of ongoing activities of the Charity. The Charity is looking to mitigate this risk by reviewing diverse and sustainable sources of income to achieve its strategic objectives. Reserves Pollcy Jubilee Centre (Cambridge) employed one member of staff (2024-25: 30 hours 3 weekl, which has subsequently risen to two full-time staff. Therefore, the Trustees are aware of the need to reserve funds to cover outstanding staff costs. Mr Kim Pearson Treasurer Date.. 15 December 2025
Independent ExamTneVs report to the Trustees of Jubilee Centre (Cambridge) For The Year Ended 31 March 2025 I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilitie5 and bass of report Asthe charity5 trustees land a150 itsdirectorsforthe purposes of company law) you are responslble forthe prepardtion ofthe accounts in accordancewiththe requfrements i)f the CDmpanie5Act2006 {'the 20)6 Acf). Having satisfied myselfthatthe accounts of the Company are not required to be aud5ted under Part 16 of the 2006 Act and are eligible for independent examination, I report in re5pert of my examination of your Charivs accounts a5 carried out under section 145 of the Charitles Act 2011 { the 2011 AcV}. In carrying out my examlnatlon I have followed the Direction5 given bythe Chartty Commlsslon under section 145(51 Ibl of the 2011 Act. Independent examlnefs statement I have completed my examlnation. I confirm that no matters have tt*me to my attention in Connection with the @xamination glving me cause to believe: l. aUntIng records were not kept in respect of the Company as required by Secfion 386 of the 2CQ6 A¢. or 2. the a¢wunts do not accord with those record5.' or 3. the accounts do not comply wlth the occountin8 requirements of section 396 of the 2006 Art other than any requirement that the accounts give a 'true and fair view which FS not matter consldered as part of an Independent examTnatlon; or 4. the accounts have not been prepared in accordance withthe methods and prlnciples of the Statement of Recommended PraCtifOr3ccoUfitingand reporting bychartties pparIngtheir attounts in accordance with the Financial Reporting Stsndard 3pplicable In the UK and Republic of Ireland IFRS 102). I have no conm5 and have come across no other matters In connertion with the examination tr) which attention should be drawn In thi5 report In order to enable a proper understanding of the accounts to be reathed. Keith Haddow FCA Independent Examlner AddTe55: 24 Min8le Lane, Stapleford. Cambridgeshire Dote: Deeember 2025
Jubilee Centre {Cambridge) Statement of Financial Artivities Including Income and Expenditure Account For The Year Ended 31 March 2025 Unrestrirted Funds Total 2025 Total 2024 Notes Income Donations and legacies Other income 33.089 33,089 796 68,313 2,920 Total incoming resources 33.885 33,885 71,233 enditure Expenditure on charitable activities (39.499) (39.499) {23,689) Total expenditure (39.499) (39.499} {23,689) Net movement In funds (5.614) (5.614) 47,544 Reconciliation of Funds Fund Balance at l April 2024 47,572 47.572 28 Total funds carrled forward 41,958 41,958 47,572 All of the activities of the Charitable Company are classified as continuing. The notes on pages 13-19 form part of these financial statements. 10
Jubilee Centre (Cambridge) Balance Sheet as at 31 March 2025 Company Number . 7304473 2025 2024 Notes Current Assets Debtors Cash at bank and in hand 311 43.184 43,495 2,328 46,866 49,194 Creditors: amounts falling due wlthin one year io (1,5371 {1,6221 Totsl assets less current Ilablllties 41.958 47,572 Net assets 41.958 47.572 The funds of the Charity Unrestricted funds li 41,958 47,572 41,958 47,572 For the year ending 31 March 2025. the company was entitled to exemption from audit under section 477 of the Companies Att 2006 related to small companies. The members have not required the company to obtain an audlt In accordance with settion 476 of the Companies Art 2006. The direttors acknowledge their responsibilities forcornplying With the requirements of the Act with respect to accounting records and the preparation of accounts. ensuring that they give a true and fair view of the state of affalrs of the charitable company as at 31 March 2025 and of its surplus for the year then ended in accordance with the requirements of Sertion 396 ond which otherwise comply with the requirements of the Act relating to the financial ststements as far as applicable to the Charitable company. These financial statements have been prepared in accordance with the provlslons applicable to small companles within Part 15 of the Companies Act 2006. The notes on pages 13-19 form part of these financial ststements. Approved by the Board of Trustees on 15 December 2025 and signed on its behalf by: Mr Kim Pearson Treasurer 11
Jubilee Centre (Cambridge) Statement of Cash Flow As at 31 March 2025 2025 2024 Income for the reporting periods (as per the statement of financial activities) (5,614) 47,544 Changes in: Trade and other debtors Trade and other creditors Net cash flow from operating arttvities 2,017 (85) {3,682) (2,328) 1802} 44,414 Net Increase/(decrease} in cash (3.682) 44,414 Cash and cash equivalents at l April 2024 46.866 2,452 Cash and cash equlvalents at 31 March 2025 43.184 46,866 Cash and cash equivalents conslsts of: Cash at bank and in hand 43,184 43,184 46,866 46,866 12
Jubilee Centre (Cambridge) Notes forming part of the Financial Statements for the year ended 31 March 2025 Accounting Policies The principal accounting policies adopted. judgements and key sour5 of estimation uncertainty in the preparation of the financial statements are as follows: lal Basls of Preparation The financial statements have been prepared in accordance with 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 IFRS 1021 (effective January 2019) (Charities SORP 2019) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note{s). They are prepared in sterling which is the functional currency of the Charitable Company and rounded tothe nearest £1. Ib} Preparation of the accounts on a going concern basls The Trustees have considered the financial sustainability of the charity for both existing and future funding stream5. The Charity received a number of generous gifts and legaciesthat has provided the fundingto finance and grow future activities. The trustees are confident that both the cost management measures in place as well as the decision to increase staff employed in line with income will ensurethe continuity of the Charity over the new two years. On this basis the assessment of the trustees is that the charity is a going concern. (c) Fund Accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. Such funds may be held to finance both working capital and capital investment. (d) Income All incoming resources are included in the statement of financial activities when the Chartty is entitled to the income, there is sufficient certainty of receipt, and the amount can be quantified with reasonable accuracy. The followin8 specific policies are applied to catesorie5 of income. 13
Jubilee Centre (Cambridge) Notes forming part of the Flnanclal Statements for the year ended 31 March 2025 Grant income 15 included when the related conditions to the grant have been met. Donations and legacies income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. All other income is accounted for on a receivable basis. (e) Expendlture Expenditure is recognised once there is 3 legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. The accounts are prepared on the accruals basis, liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charityto expenditure. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure on raising funds consists of all those expensesthat are incurred by trading for a fundraising purpose in either donated or brought-in-goods or in providing non-charitable services to generate Income, as well as the costs associated with attracting voluntary income. Expenditure on charitable activltles comprlse all the resources applled by the Charity in undertaking its work to meet its charitable objectives as well as the cost of raising the funds to finance these activities and governance costs. Charitable activities are all the resources expended by the Charity in the delivery of goods and services. including its programme and project work that is directed at the achievement of its charitsble aims and objectives. These costs include dirett costs of the charitable activities together with those support costs incurred that enable these activities to be undertaken, as well as governance costs which relate to the general running of the Charity as opposed to the direct management functions inherent in generating funds, service delivery and programme of project work. These attivities provide the governance infrastructure which allow5 the Charlty to operate 3nd to generate the Informatlon requlred for public 14
Jubilee Centre (Cambridge) Notes forming part of the Flnancial Statements for the year ended 31 March 2025 accountability and include the Strategic planning purposes that contribute to future development of the Charity. Governance costs include such items as external audit, legal advice for Trustees and costs associated with the constitutional and statutory requirements of the Charity. All costs are allocated between the expenditure categories of the Statement of Financial Activities (SOFA) on a basis designed to reflect the use of the resource. Costs relating to a particular artivity are allocated directly, others are apportioned on an appropriate basis. (fj Tangible Assets Tangible a55ets are defined as those that have a greater value than £1,000. They are initially recorded at cost and Subsequently stated at cost less any accumulated depreciation and impairment 105ses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less anysubsequent accumulated depreciation and impairment losses. An Increase in the carrying amount of the assets as a result of a revaluation is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the SOFA. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other recognised gains and losses, except to which it offsets any previous revaluation galn, in which case the loss is shown within other recognised gains and losses on the SOFA. Depreciation is calculated to write off the cost orvaluation of an assets, less its residual value. over the useful economic life of that asset as follows: Fixture and Fittings IOOh straight-line on a full month basis Equipment IO% straight-line on a full month basis (gl Herltage assets The Jubilee Centre (Cambridge) managed the production of five sculptures previously displayed publicly in Cambridge up to 20 January 2020. Four of the sculptures were disposed of during 2022-23. The remaining sculpture was fully depreciated in 2021-22. It is currently on loan to a like-minded Christian charity. 15
Jubilee Centre (Cambridge) Notes fonning part of the FSnancial Statements for the year ended 31 March 2025 2 Legal status of the Trust The Charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability Tn respect of the guarantee 15 limited to £1 per member of the charity. 3 Income Unrestrfcted Total Funds Unrestricted Total Funds 2024 2025 2025 2024 Donations 32,356 32.356 11,018 11.018 Legacie5 733 733 57,296 57,296 Other income Sales of publications Other Income 141 655 141 655 2.254 666 2,254 666 Total 33.885 33,885 71,233 71,233 4 Total Expenditure The Statement of Financlal Activitie5 provides an analysis of the resources expended by the charity by the nature of attivities undertaken by the charity. Expèndltur¢ on Chafttsble athvltle5 £ 2025 2024 Atcounta 4.163 4,163 4.106 Ad¥erti51n8& M3rketln¥ 2.lflj 1534 Consultsncy 612 612 Il550 Fees 69 iTcosts 274 274 461 ¢)ffice costs 956 956 174 orher 53LKI PrfnfjnKand postage 435 435 I,sc4) Saladesand waBÈS 24.402 24A02 Stotionety 219 219 5¥b%rIPons tso Trèvel 758 758 210 Total Resources Expended 39,499 39,499 23,689 Expenditure in 2025 and 2024 was all unrestricted. 16
Jubilee Centre (Cambridge) Notes fornilng part of the Flnancial Statements for the year ended 31 March 2025 5 Staff costs The total staff and employee benefits for the period are analysed as follows: 2025 2024 Wages and salaries Employer contributions to pension plan5 23,743 659 24,402 The average head count of employees during the period was l (2024.0). No employee received employee benefits of more than £60,000 during the year (2024: nil). 6 Trustees Paul Mills, lan Stackhouse and Matthew Ferguson of the Trustees received remuneration (honoraria for writing} during the year in line with payments made to external writers. Green Caterpillar Consulting Ltd, a company of which a trustee (Mr Kim Pearson) is a director, provided accountancy services to the charity costing £3,600 (2024: £3,600}. There are no other related partytransactions. 7 Taxation The Company is a registered Charity, and no provision is considered necessary for taxation to the extent that income and gains are applied to its charitable objects. 17
Jubilee Centre (Cambridge) Notes formlng part of the Flnanclal Statements for the year ended 31 March 2025 8 Herftsge Assets Sculptures Totsl Costs As 01 April 2024 22,151 22,151 As at 31 March 2025 22,151 22.151 Depreclation As 01 April 2024 22,151 22,151 As at 31 March 2025 22,151 22,151 Net Book Value 31 March 2025 Net Book Value 31 March 2024 9 Debtors 2025 2024 Trade debtors Prepayments and accrued income 2,000 328 311 Total 311 2,328 10 Creditors Creditors: amount falling due within one year 2025 2024 Trade creditors Taxation and social security Other creditor5 2,264 1.287 191 160 Total 1.537 2,424 18
Jubllee Centre (Cambrldge) Notes fomiing part of the Financial Statements for the year ended 31 March 2025 11 Anal15 of Fund Movements Balance at 01/0412024 47,572 47,572 Movement in funds Income Expenditure 33,885 33,885 Balance at 3110312025 41,958 41,958 Unrestrfcted Funds Total Funds {39,499) (39,499) Balance at 0110412023 28 28 Movement in funds Income Expenditure 71.233 71,233 Balan at 3110312024 47,572 47,572 Unrestricted Funds Total Funds {23,689) {23.689) 12 Analysls of Net Assets Between Funds Unrestricted funds Totsl Fund balances at 31 Mar 2025 are represented by: Current Assets Creditors: amounts falling due within one year 43,495 (1,537) 43,495 (1,537) Total 41,958 41,958 Fund balances at 31 Mar 2024 are represented by: Current Assets Creditor5: amounts falling due within one year 49,194 (1,622) 49.194 (1,622) Total 47,572 47,572 19