2021-06-30-accounts - Jubilee Outreach Yorkshire

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Jubilee Outreach Yorkshire

Charity number 1144323

A company limited by guarantee number 07326080

Annual Report and Financial Statements

for the year ended 30 June 2021

Jubilee Outreach Yorkshire

Annual Report and Financial Statements for the year ended 30 June 2021

Contents	Page
Trustees' report	2 to 4
Examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the accounts	8 to 11

Prepared by West Yorkshire Community Accounting Service

Jubilee Outreach Yorkshire

Trustees' report for the year ended 30 June 2021

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates

Dr. Kathy Tedd Susan Crawshaw Malcolm Atkinson Alan Crossland Dr. Richard Henshaw Martin Brown

Chair/Secretary

Resigned 18 July 2021 Resigned 18 July 2021 Resigned 18 July 2021 Appointed 18 July 2021 Appointed 18 July 2021

Charity number

Company number

1144323

07326080

Registered in England and Wales Registered in England and Wales

Registered and principal address

Bankers

14 Jubilee Way Yorkshire Bank Shipley 1 Westgate West Yorkshire Shipley BD18 1QG BD18 3SD

Independent examiner

Alan Dodd FCCA

West Yorkshire Community Accounting Service

Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a company limited by guarantee and was formed on 26 July 2010. It is governed by a memorandum and articles of association. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.

Method of recruitment and appointment of trustees

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.

Jubilee Outreach Yorkshire

Trustees' report (continued) for the year ended 30 June 2021

Objectives and activities

The charity's objects

(a) The relief of poverty and sickness (whether physical or mental), the advancement of education and the preservation and protection of good health among the people of Romania primarily, or elsewhere in the world as the trustees decide.

(b) The promotion and advancement of the Christian faith primarily to the people of Romania or elsewhere in the world as the trustees decide.

The charity's main activities

The charity has continued to make regular donations to projects in Romania to pay for Medicare nurses and to assist the Clever Hands day care centre for disabled young people, albeit at a reduced level. Due to Covid, we were able to pay for just one lorry load of donated goods to Romania, and two to Yemen, the costs of which were largely covered by specific donations.

We have shops in Shipley and Bingley which help to generate funds for these contributions, and we are very grateful to the volunteers who staff those shops. The Shipley premises was unable to open before the end of March 2021 due to severe flood damage as well as the Covid pandemic, which saw the Bingley shop forced to close for four months during the period.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the relief of poverty, sickness and the advancement of religion.

Achievements and performance

There are some problems with our Charity shops, which brings in much of our income. There is a shortage of volunteers to staff the shops and the cost of running the shops is rising.

Covid19 and leaving the EU has caused problems with transporting goods to Romania & Yemen.

At this time the shops are bringing in enough money to send £5k each to the two projects we support (mainly for salaries) every 3 months. i.e. £20k per annum per project. We have small income from regular supporters which helps run the office. We have reduced running costs as much as possible during lockdown.

We have support from a Christian group in Oman that pays for the transportation of mainly donated goods to Yemen. We believe this will continue in the short term.

Financial review

The net income for the year was £16,930, including net income of £16,610 on unrestricted funds and net income of £320 on restricted funds.

We received a further Covid grant from Bradford Council, which helped keep us afloat during the months where we unable to open our shops. Unfortunately we have to send less money to help with salaries and expenses for our friends in Romania. The donations we have received for Yemen helped to cover the costs of buying and sending goods to Yemen.

Reserves policy

The charity's free reserves at the year end were £40,772.

Although we do not have a formal reserves policy, we always try to have a good bank balance. We are nine months into the next financial year and we believe we are in a good financial position at this time.

Jubilee Outreach Yorkshire

Trustees' report (continued) for the year ended 30 June 2021

Statement of trustees' responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts for each financial year which 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 the year. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;

observe the methods and principles in the Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

Signed on behalf of the board of trustees on 23/03/2022

Martin Brown (Trustee)

Jubilee Outreach Yorkshire

Independent examiner's report to the trustees of Jubilee Outreach Yorkshire

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 30 June 2021, which are set out on pages 6 to 11.

Responsibilities and basis of report

As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Alan Dodd FCCA

25/03/2022

West Yorkshire Community Accounting Service

Stringer House 34 Lupton Street Leeds LS10 2QW

Jubilee Outreach Yorkshire

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 30 June 2021

Notes 2021 Unrestricted funds £ Income from: Donations, including gift aid (2) 21,251 Grants (2) 18,862 Shops and markets (3) 32,466 Other income 2,009 Total income 74,588 Expenditure on: Rent, rates and water charges 4,224 Lighting and heating 337 Internet, phone and postage 1,107 Shop expenses (4) 11,950 Grants paid (5) 38,000 Lorry trips 550 Yemen trip costs - Purchases 341 Vehicle expenses 187 Repairs and maintenance 608 Independent examination 475 Stationery and office 124 Bank charges and interest 75 Total expenditure 57,978 Net income / (expenditure) 16,610 Fund balances brought forward 24,162 Fund balances carried forward (6) 40,772	2021 Restricted funds £ 11,119 - - - 11,119 - - - - - - 8,805 1,994 - - - - - 10,799 320 - 320	2021 Total funds £ 32,370 18,862 32,466 2,009 85,707 4,224 337 1,107 11,950 38,000 550 8,805 2,335 187 608 475 124 75 68,777 16,930 24,162 41,092	2020 Total funds £ 16,766 20,000 42,998 89 79,853 640 183 1,008 14,282 53,000 2,155 3,360 - 2,868 544 475 567 93 79,175 678 23,484 24,162

All incoming resources and resources expended derive from continuing activities.

Jubilee Outreach Yorkshire

Balance sheet

as at 30 June 2021 2021 Unrestricted £ Current assets Debtors and prepayments (7) 6,741 Cash at bank and in hand (8) 34,506 Total current assets 41,247 Current liabilities: amounts falling due within one year Creditors and accruals (9) 475 Total current liabilities 475 Net current assets 40,772 Net assets 40,772 Funds Unrestricted funds 40,772 Restricted funds - Total funds 40,772	2021 Restricted £ - 320 320 - - 320 320 - 320 320	2021 Total £ 6,741 34,826 41,567 475 475 41,092 41,092 40,772 320 41,092	2020 Total £ 3,940 21,172 25,112 950 950 24,162 24,162 24,162 - 24,162

For the year ending 30 June 2021 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved by the board of trustees on 23/03/2022

Martin Brown (Trustee)

Jubilee Outreach Yorkshire

Notes to the accounts

for the year ended 30 June 2021

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.

No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Donated goods for resale are valued at the amount actually realised upon their sale.

Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Grants payable without performance conditions

Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Jubilee Outreach Yorkshire

Notes to the accounts continued

for the year ended 30 June 2021

2 Donations, legacies and grants Yemen Appeal fund Other donations, including gift aid Grants - Bradford MDC 3 Shops and Markets Shipley shop income Bingley shop income 4 Shop expenses Rent and rates Utilities Insurance Telephone Other expenses 5 Analysis of grants paid Medicare Clever Hands	2021 Unrestricted funds £ - 21,251 18,862 40,113 2021 Unrestricted funds £ 8,388 24,078 32,466 2021 Unrestricted funds £ 8,925 796 940 - 1,289 11,950 2021 Grants to institutions £ 19,000 19,000 38,000	2021 Restricted funds £ 11,119 - - 11,119 2021 Restricted funds £ - - - 2021 Restricted funds £ - - - - - - 2021 Grants to individuals £ - - -	2021 Total funds £ 11,119 21,251 18,862 51,232 2021 Total funds £ 8,388 24,078 32,466 2021 Total funds £ 8,925 796 940 - 1,289 11,950 2021 Total funds £ 19,000 19,000 38,000	2020 Total funds £ 85 16,681 20,000 36,766 2020 Total funds £ 20,816 22,182 42,998 2020 Total funds £ 9,214 1,605 910 579 1,974 14,282 2020 Total funds £ 26,000 27,000 53,000

Purpose of the grant making activities

Medicare is a home care nursing project in Romania. Clever Hands is a Romanian day care centre for disabled young people.

Grants are paid to both projects to help to fund the costs of staff, equipment and supplies.

6 Restricted funds Yemen Appeal fund Fund name	Balance b/f Incoming £ £ - 11,119 - 11,119 Purpose of restriction	Outgoing £ 10,799 10,799	Transfers £ - -	Balance c/f £ 320 320

Yemen Appeal fund Towards the cost of aid supplies sent to the Republic of Yemen.

Jubilee Outreach Yorkshire

Notes to the accounts continued

for the year ended 30 June 2021

7 Debtors and prepayments Debtors Prepayments 8 Cash at bank and in hand Yorkshire Bank current account (Joycraft) Yorkshire Bank current account (JOY) Cash 9 Creditors and accruals Accruals 10 Related party transactions Trustee expenses Total amount paid Nature of the expenses Vehicle costs Telephone and postage Number of trustees who were paid expenses	2021 £ 4,231 2,510 6,741 2021 £ 18,324 16,162 340 34,826 2021 £ 475 475 2021 £ 665 551 114 665 1	2020 £ 2,797 1,143 3,940 2020 £ 8,272 12,900 - 21,172 2020 £ 950 950 2020 £ - - - - -

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Jubilee Outreach Yorkshire

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 30 June 2021

2021 2020 Unrestricted Unrestricted funds funds £ £ Income Donations, including gift aid 21,251 16,681 Grants 18,862 20,000 Shops and markets 32,466 42,998 Other income 2,009 89 Total income 74,588 79,768 Expenditure Rent, rates and water charges 4,224 640 Lighting and heating 337 183 Internet, phone and postage 1,107 1,008 Shop expenses 11,950 14,282 Grants paid 38,000 53,000 Lorry trips 550 2,155 Yemen trip costs - - Purchases 341 - Vehicle expenses 187 2,868 Repairs and maintenance 608 544 Independent examination 475 475 Stationery and office 124 567 Bank charges and interest 75 93 Total expenditure 57,978 75,815 Net income / (expenditure) 16,610 3,953 Transfers between funds - (1,559) Net movement in funds 16,610 2,394 Fund balances brought forward 24,162 21,768 Fund balances carried forward 40,772 24,162	2021 Restricted funds £ 11,119 - - - 11,119 - - - - - - 8,805 1,994 - - - - - 10,799 320 - 320 - 320	2020 Restricted funds £ 85 - - - 85 - - - - - - 3,360 - - - - - - 3,360 (3,275) 1,559 (1,716) 1,716 -	2021 Total funds £ 32,370 18,862 32,466 2,009 85,707 4,224 337 1,107 11,950 38,000 550 8,805 2,335 187 608 475 124 75 68,777 16,930 - 16,930 24,162 41,092	2020 Total funds £ 16,766 20,000 42,998 89 79,853 640 183 1,008 14,282 53,000 2,155 3,360 - 2,868 544 475 567 93 79,175 678 - 678 23,484 24,162