Jubilee Church Wirral Ltd Unaudited Financial Statements 31 March 2024 Registered Charity Number . 1146197 Company Number: 07960759 HAILWOOD & CO CHARTERED ACCOUNTANTS
Jubilee Church Wirral Ltd Unaudited Financial Statements for the year ended 31 March 2024 CONTENTS Page Organisation information Trustees, annual report 2to5 Statement of trustees, responsibilities Independent examiner's report Summary income and expenditure aL'count Statement ot. financial activities Balance sheet 10 Notes to the financial statements 11 to 16
Jubilee Church Wirral Ltd Unaudited Financial Statements for the year ended 31 March 2024 Registered Charity Number . 1146197 Company Number . 07960759 TRUSTEESIDIRECTORS D T Frodsha Dmwynn C M Gi'iffiths D A Britton O A Dosunmu Appointed 10109124 Appointed 10109/24 REGISTERED OFFICE The Jubilee Centre Hoseside Road Wallasey Wirral CH45 OLA ACCOUNTANTS Hailwood & Co Chartered Accountants 392-394 Hoylake Road Moreton Wirral CH46 6DF
Jubilee Chllrch Wirral Ltd Accounts for the year ending 31 Marcb 2024 Trustees / Directors Annual Report Structure overllance and mana ement Jubilee Church Wirral Ltd is a charitable company (limited by guarantee) governed by Memorandum and Articles of Association which was made on 22nd February 2012. David Frodsham is employed as the Senior Pastor of Jubilee Church Wirral and he is assisted by a group of senior leaders who meet on a regyular basls to discuss all aspects of church life. The Trusteesl Directors are part of this group and are as follows: Danielle Wynn -chairperson David Frodsham -Treasurer Cliristopher Griffiths - Personnel The senior team also consists of Richard Robertson and Nicola Frodsham who are not trustees/ directors. Reference and administration details of the Chari Previously known as Jiibilee Church Wirral (charity number 1122856). It is now Jubilee Church Wirral Ltd. The new charity number is 1146197 and company number 7960759. Method of a ointment New Trustees must be appointed by a resolution passed by a simple majority at a meeting of the Spiritual Leadership. Risk Mana ement The trustees have reviewed the major risks facing the Charity and have taken action to ensure that there are procedures and policies in place to address these risks. Financial review Reserves Policy - Our aim is to hold reserves of £20,000 to cover regular commitments that would be unavoidable if income were to suddenly cease. Accounts -The Summary Income and Expenditure Account, Statement of Financial Activities and Balance Sheet are attached, and prepared under accruals accouiiting rLJles. Funds held as custodian trustee on behalf of others The church holds £6,986 on behalf of "Wallasey Churches Together" to continue paying operating costs for "The CAP Wallasey Debt Centre" at April 2024.
Jubilee Church Wirral Ltd Accounts for the year ending 31 March 2024 Trustees / Directors Annual Report In planning our activities for the year and future years we keep in mind the Charity Commission's guidance on public benefit. Public Benefit Statement Objective I TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS IN SUCH WAYS AND IN SUCH PARTS OF THE UNITED KtNGDOM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT. We started meeting in the newly refurbished Jubilee Centre on the 21" April 2013. This includes family worship and then separate teaching for adults and children. We have been teacliing our cliildren in four dift'erent age groups from 0-18. We have had people come to speak to the adults on a Sunday from different backgyrounds and churches. Jubilee Church Wirral are keen to build partnerships with other churches throughout the UK and have ongoing relationships with several in order to advance the Christian faith. Diiring this year we continued to employ a part time youth and children's director who oversees all our work with cliildren and young people including safegjuarding. We also continue io employ a communications and pastoral leader part-time. In addition, we have part- time contractors who assist witli tinance, administration, building management and website/ social media development. We continued to otyer leadership training, which was open to all who attend the church with a focus on developinent of leadership skills in any context. Throughout the year the senior pastor, Dave Frodsham, held a drop in for men at a local coffee shop to offer pastoral support. We have also offered an opportunity for further pastoral support at occasional men's breakfast meetings. Our weekly life groups provide opportunities to growth in the Christian faith. Many activities throughout the year support our aims towards this objective. Every summer Jubilee holds picnics in the park on several occasions to build community within the church. We continued with a weekly prayer meeting to provide the opportunity for all to engage in community prayer. In addition to this, every August we offer the opportunity for teenagers to attend a Christian camp called'Newday' in Norfolk. This is open to all teenagers of the Christian faith, alternative faiths or none. Also, every October Jubilee Church Wirral holds an event called the 'Light Party, for primary school children in order to share the Christian faith with the local community.
Jubilee Church Wirral Ltd Accounts for the year ending 31 March 2024 Trustees l Directors Annual Report Objective 2 TO RELIEVE SICKNESS AND FINANCIAL HARDSHIP AND TO PROMOTE AND PRESERVE GOOD HEALTH BY THE PROVISION OF FUNDS, GOODS OR SERVICES OF ANY KtND, INCLUDING THROUGH THE PROVISION OF COUNSELLING AND SUPPORT tN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT. We continue to look for opportunities to serve the community around us and other connections that we have both locally, nationally and internationally. Our Good Neighbour project that we began during covid continues by providingy food parcels to those in need. Duringy this financial year we received a number of local council grants to continue with this project. We continued with a weekly coffee aftemoon for anyone iii the community io drop in and it became a tree ligyht luiich in September 2023. Tliese afternoons are very beneficial for buildingy friendships and as a warm space to attend duringF the energy crisis. We continued to support the Wallasey CAP (Christians Against Poverty) debt centre to assist those in debt. A joint management committee oversees the project, The committee is made up of various local church leaders in Wallasey, with .lubilee Churcli Wirral acting as the lead cliurch. Within this role we are responsible for the budgetingF of the project and paying the staff. We employed a Debi Centre Manager and Lite Skills Manager duringJ ihis year. Furthennore, to relieve financial hardship in the local community we provided several food hampers in December 2023 to those in need in the community. We worked closely wÉth health visitors and other charities to identify the recipients.
Jubilee Church Wirral Ltd Aecoullt5 for the year ending 31 March 2024 Trustees l Directors Annual Report Objective 3 TO ADVANCE EDUCATTON tN SUCH WAYS AND IN SUCH PARTS OF THE UNITED KtNGDOM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT. As a church we continue to look to serve the community where we are located and build gJood relationships with other churches, charities and groups. As part of the service that CAP Wallasey provides to assist families and individuals with debt counselling, we offered the 'Lite Skills, courses to those in the community to assist with budgeting, cooking, healthy meal plwining, etc. during this year. We provided some additional educational activities throughout the year to complement the Life Skills courses. To support those with additional needs in the community we held a 'Sing Along, evening once per month, which was opcn to individuals with additional needs and their carers. In November 2023 we held 'SafegJuarding Sunday, to educate and raise awareness of the importance of safeguarding practices within the church and community and we continued to develop our safeguarding policy to include adults at risk. We had about 60 children and their teachers engage in interactive and infomiative sessions about Christmas. We continued with our free weekly mums & tots group to serve those looking after small children in the community. This group is open to parents, grandparents, extended tamily members, t'oster carers or cliildminders. In addition to this, in December 2023 our local primary school attended Jubilee Church for an education moming7 to learn about the Christian t'aith. Finally, to celebrate ditt"erences in cultures we held 'International Day, which include a luncheon of international foods. Signed on behalf of the Trustees l Directors D. Wynn 20 December 2024
Jubilee Church Wirral Ltd STATEMENT OF TRUSTEES, RESPONSIBILITIES for the year ended 31 March 2024 W¢ are required under law to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application ot. resources, including the income and expenditure of the charity for that period. In preparing these financial statements we are required to: select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP 2019 (FRS 102); make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subj ect to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that thL company will continue in operation. We are also responsible for: keeping proper accounting records. safeguarding the organisation's assets. taking reasonable steps for the prevention and detection of fraud. On behalf of the Trustees
Independent Examiner's Report to the members of Jubilee Church Wlrral Ltd I report to the trustees of Jubilee Churcli Wirral Ltd on the accounts for the year ended 31 March 2024 which comprise of the Summary Income and Expenditure Account, the Siatement of Financial Activities, the Balance Sheet and related notes. Respective responsibilities of Ihe trustees and examiner The truslees (who are also the directors of the coinpany for the purposes of company law) are responsible for the preparation ot tlle accounts in accordance with the requirements of the Companies Act 2006. Having satisf)ed myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respect of my examination of your compaiiy's accounts as carried out under section 145 of the Charities Act 2011. In carrying out my examiiiation I have followed the Dire¢tioiis given by the Charity Commissioii under section 145(5)(b) of the 2011 Act. Independent examiner's statement The charity's trustees are responsible for the preparation of ihe accounts. Tlie trustees consider that an audil is not required tor this yeai. Linder section 144(2) of the Charities Act 201 l and tliat an independent examination is needed. I have completed Iny examination, I confim that no matters have come to my attention in connection with tlie examination giving me cause to believe tliat in any Inaterial respect.. accounting records have not been kept in respect of the company as required by section 386 of the Companies Act 2006. or the accoiints do not accord with these records, or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement tliat the accoiints 1ve a 'true and fair view, which is not a matter considered as part of an independent examinatAon' or the accounts have not been prepared in accordance with the methods and principles of the Stateinent of Recommended Practice for accounting and reporting by charities applicable to the charities prcparing their accounts in accordance 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 tliis report in order to eiiable a proper understanding of the accounts to be reached. A.DLL Adam French B.Eng FCA Hailwood & Co. Chartered Accountants Registered Auditors 20 December 2024 Moreton, Wirral
Jubilee Church Wirral Ltd SUMMARY INCOME AND EXPENDITURE ACCOUNT for the year ended 31 March 2024 Note 2024 2023 Income Interest and investment income 171,037 614 161,971 443 Total income 171,651 162,414 Expenditure Interest payable Depreciation (191,109) (180,437) (1,059) (821) (5,450) (5,510) Total expenditure (197,618) (186,768) Net expenditure for the year 11 (25,967) (24,354) Movements in reserves are shown in note l O. None of the charity's activities were acquired or discontinued during the above two financial years. There are no recognised gains and losses in the year ended 31 March 2024 or the year ended 31 March 2023 other than the surplus for the year. The summary income and expenditure account is derived from the statement of financial activities on page 9 which together with the notes to the accounts on pages 11 to 16, provides full inforniation on the movement during the year on all the funds.
Jubilee Church Wirral Ltd STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024 Unrestricted Funds Restrieted Funds Total Funds 2024 Total Funds 2023 Note Income from: Donations and grants Charitable activities Investments 134,167 17,865 614 19,005 153.172 17,865 614 144.346 17,625 443 Total income 152,646 19,005 171,651 J62,414 Expenditure on: Charitable activities 175,301 22,317 197,618 186,768 Total expenditure 175,301 22,317 197,618 186,768 Net expenditure Transfers between funds (22,655) (3,312) (25,967) (24,354) 10 Net movement in funds (22,655) (3,312) (25,967) (24,354) Reconciliation of funds: Total funds brought forward io 423,371 10,298 433,669 458,023 Total funds carried fonvard 10 400,716 6,986 407,702 433,669
10 Jubilee Church Wirral Ltd BALANCE SHEET As At 31 March 2024 2024 2023 Note Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 399,265 404,715 4,298 23,869 28,167 4,635 46,493 51,128 Liabilities Creditors: amounts t'alling due within one year Net current assets (10,392) (11,322) 17,775 39,806 Creditors: ainounts falling due after niore than one yea 9 Total net assets 12 (9,338) 407,702 (10,852) 433,669 The funds of the charity: Unrestricted funds Restricted funds 10 400,716 6,986 423,371 10,298 433,669 407,702 These accounts have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small cotnpanies. 2006. No meinbers have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companics Act 2006. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime. The directors acknowledge their responsibility for: i) Ensuring th¢ company keeps accounting records which comply with the requirements of the . and ii) Preparing accounts which give a true and falr view of the state of affairs of the company as at the end of its financial year and of its surplus, and which otherwise comply with the requirements of the CoiT]panies Act relating to accounts, so far as applicable lo the company. The financial statements on pages 8 to 16 were approved by the Trustees on 20 December 2024 and signed on its behalf by: D T Frodsham Director Dmwynn Director Company Number .' 07960759
Jubilee Church Wirral Ltd NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2024 l Accounting policies Basis of accounting The financial statements have been prepared under the historical cost accounting rules and comply 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 (FRS 102) issued on 16 July 2014, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. In accordance with the provisions of the SORP FRS102 Update bulletin l as published on 2 February 2016, the charity qualifies as a 'small charity" it is exempt from the requirement to produce a cash flow statement. Company Status The charity is a company limited by guarantee. The company has no share capital. Fund accounting Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. General funds comprise funds which represent accumulated surpluses and deficits in the Statement of Financial Activities, after transt'ers to/from the designated funds. The purposes and uses of all t.unds are set out in note I I to the accounts. Income All donations, income from trading activities and interest are recognised on a receivable basis. Expenditure The cost headings comprise expenditure, including staff costs, directly attributable to the organisation's activities. Fixed assets and depreciation Fixed assets are stated at cost and are depreciated over their useful economic lives at the following rates: Freehold property Improvements to property Furniture, fixtures and equipment All significant assets are reviewed annually for impairment and provision made where considered necessary. l 0/0 of Cost 10/0 of Cost 20 % reducing balance
12 Jubilee Church Wirral Ltd NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2024 Unrestricted Funds Restricted Funds Total 2024 Total 2023 2 Income Donations and grants Charitable activities Interest receivable 134,167 17,865 614 19,005 153,172 17,865 614 144,346 17,625 443 152,646 19,005 171,651 162,414 3 Charitable activities Salaries and related costs Staff training and conferences Staff travel expenses Self employed staff costs Church events Outreach events Worship costs Youth work New Day costs Leaflets and publicity Building running costs and repairs Telephone IT costs Printing, postage and stationery Insurance and licences Subscriptions Donations Sundry expenses Bank charges Mortgage interest Depreciation: fixtures and equipment Depreciation: church buildings Depreciation: property improvements Independent examiner's fees 65,987 2,779 213 16,747 4,561 381 54 2,926 9,015 436 25,060 718 6,940 745 2,298 1,706 3,400 22,290 336 1,059 1,000 2,042 2,408 2,200 16,159 82,146 2,779 213 16,747 4,561 381 54 2,926 9,015 436 26,260 718 6,940 745 2,298 1,706 3,400 27,248 336 1,059 1,000 2,042 2,408 2,200 78,592 2,065 532 8,429 4,315 754 1,907 3,006 6,534 382 37,620 755 6,194 2,428 3,142 1,745 5,570 13,760 463 792 1,250 2,042 2,408 2,083 1,200 4,958 175,301 22,317 197,618 186,768
13 Jubilee Church Wirral Ltd NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2024 Unrestricted Funds Restricted Funds Total 2024 Total 2023 4 Independent examiner's fees Independent examination Accountancy Payroll 495 1,252 453 495 1,252 453 474 1,198 411 2,200 2,200 2,083 5 Salaries and wages 2024 2023 Number of staff employed Average number of full time equivalent employees Staff costs for the above: Wages and salaries Employers, national insurance Employer's pension contributions 77,243 381 4,522 74,257 4,335 82,146 78,592 There were no employees earning a salary in excess of £60,000 in either year.
14 Jubilee Church Wirral Ltd NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2024 6 Tangible fixed assets Furniture Freehold Properly improvements rixtures & property equipment Total Cost or valuation l April 2023 Additions Disposals 204,153 240,766 32,686 477,605 31 March 2024 204,153 240,766 32,686 477,605 Depreciation l April 2023 Charge for year Disposals 22,462 2,042 22,741 2,408 27,687 1,000 72,890 5,450 31 March 2024 24,504 25,149 28,687 78,340 Net book amount 31 March 2024 179,649 215,617 3,999 399,265 31 March 2023 181,691 218,025 4,999 404,715 2024 2023 7 Debtors Accounts receivable Outstanding Gift Aid claim Other debtors 1,849 1,574 875 1,243 1,343 2,049 4,298 4,635 2024 2023 8 Creditors falling due within one year Bank loans Accounts payable Sundry creditors and accruals Other creditors 2,640 887 4,027 2,838 3,860 621 3,236 3,605 10,392 11,322
15 Jubilee Church Wirral Ltd NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2024 2024 2023 9 Creditors falling due After one year Bank loans 9,338 10,852 9,338 10,852 The loan from Reliance Bank is repayable in instalments by January 2028, and is secured by a specific charge on the Church buildings, and carries interest at a variable rate of 3 % over base. The instalments fall due as follows: 2024 2023 In one year or less Between one and two years Between two and five years In tive years or more 2,640 2,810 6,528 3,860 4,140 6,712 11,978 14,712 10 Funds BAlance Balance at l April 2023 Incoming resources Outgoing resources t 31 March Transfers 2024 Unrestricted Funds General Fund 423,371 152,646 175,301 400,716 Restricted Funds CAP Debt Centre 10,298 19,005 22,317 6,986 Total Funds 433,669 171,651 197,618 407,702 CAP Debt Centre Fund Tliis restricted grant received from Wirral Borough Council was held to be used on behalf of Wallasey Churches Together to establish a Wallasey Christians Against Poverty Debt Centre. We have managed this grant and donations and have distributed this leaving a balance of £6,986 at the end of the year which will be allocated to Christians Against Poverty costs in the next financial year. After this they will manage their own funds.
16 Jubilee Church Wirral Ltd NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2024 I I Income and expenditure account 2024 2023 l April 2023 Deficit for the year 433,669 (25,967) 458,023 (24,354) 3 l March 2024 407,702 433,669 12 Analysis of net assets between funds Net current assets Tangible rixed assets Loans Total Unrestricted Funds General Fund 399,265 10,789 (9,338) 400,716 Restricted Funds CAP Debt Centre 6,986 6,986 Total Net Assets 399,265 17,775 (9,338) 407,702 13 Related parties As permitted by the Charity's governing document, during the year, some trustees were employed by the charity. Eacli of the salaries were set at a commercial rate. The amounts involved were as follows: Gross Salary Employers Pension Travel Expenses D Frodsham D Wynn 34,944 14,436 2,097 866 306 14 Capital Commitments 2024 2023 Contracted for but not provided for Nil Nil Authorised but not contracted for Nil Nil