## Croydon Jubilee Church Report and Accounts Year ended 31 March 2023 1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk ## **CROYDON JUBILEE CHURCH** ## **COMPANY INFORMATION** **FOR THE YEAR ENDED 31 MARCH 2023** **Trustees** Mr G Flynn (chairperson) Mr S Mohabir Mrs J Perry Mr A Harris (resigned 1 April 2023) Dr A Omoniyi Jones Mr D Tann **Key Staff** Mr N Richardson **Governing Document** Memorandum and Articles of Association dated 13 March 2012 **Company Registration Number** 07989041 **Charity Registration Number** 1146703 **Principal Address** Selsdon Community Hall 132 Addington Road South Croydon Surrey CR2 8LA **Independent Examiner** Lourens du Plessis ACA CA(SA) Stewardship 1 Lamb's Passage London EC1Y 8AB **Bankers** CAF Bank ## **Trustees** |**Contents**|**Page**| |---|---| |Company Information|1| |Trustees' Annual Report|2-6| |Independent Examiner's Report|7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes to the Accounts|10-15| |Detailed Statement of Financial Activities with Comparatives|16| Page 1 ## **CROYDON JUBILEE CHURCH** ## **REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2023** The Directors have pleasure in submitting the Report and Accounts for the year. ## Objects of the charity Croydon Jubilee Church seeks to demonstrate the Christian faith in action by being a New Testament church in the Croydon area. ## Government The policy and operating decisions of the charity rest with the Directors who meet regularly to monitor the activities of the Company. Day-to-day operational management is provided by paid staff members, including the Lead Elder. Guidance and support is provided by a group of Elders who provide oversight and direction. A team of established CJC members also provides additional support. Activity leaders provide day to day leadership and financial management of their areas of control The Directors of the Company validate the operational decision-making process to ensure that appropriate controls are in place and that the charity operates in line with its Objectives and relevant legislation. The Company was formed in March 2012 in order to take over from the predecessor charitable entity, Hodos Christian Trust, a Charitable Trust, Registered Charity 327616. ## Review of Activities The Christian faith in action has been demonstrated in many ways during the year by serving the community in which our church operates. In determining all operations of CJC the Elders and Directors consider the charity’s Objects namely; the promotion of the Christian religion, the relief of poverty and other appropriate charitable purposes in the local area and beyond before accepting their operation. This includes agreeing specific aims and objectives and appropriate procedures, a risk review and budgetary considerations. Each recognised activity is led by an identified leader with oversight provided by the Elders and where appropriate the Directors for the ongoing operation and development of the activities including a high-level vision and development plan. This is shared with CJC membership via the Sunday morning meeting, specific Vision and Prayer evenings and appropriate “all church” training and teaching and written communications. In reviewing the activities of CJC the Directors provide feedback to the Eldership and activity leaders to ensure that the impact is assessed and areas for improvement are identified. This process is being formalised into standard operating procedures to ensure that CJC Objectives are responsibly met. ## Church Activities During the period under review Croydon Jubilee Church has consolidated a number of church activities, including life groups, children’s and youth ministries and our corporate Sunday worship gathering. Page 2 A superficial look at the activity of the church hides the deeper work that God has been doing within our community and a number of people have been key in taking responsibility for elements of the churches activity. Children’s work for church members and others continues to be provided by a combination of paid staff and suitably qualified and supervised volunteers. One of the couples in our church took on the provision of Youth Ministry, coming out COVID restrictions and we have been gathering 10-20 young people. We have also seen an encouraging expansion of this work, with a number of young people from the local community, without any history with the Christian faith backgrounds attending. Fellowship with the wider church. Croydon Jubilee Church enjoy relationship with the Regions Beyond family of churches as well as the Croydon Churches Fellowship. We continued to build on the local partnerships we enjoyed in the previous year and a number of other local churches, gathered to Jubilee and Forestdale Church. In February 2022, The Beacon Church, Montpelier Church, Alive City Church and Castle Hill Church, joined Forestdale Church and Jubilee Church in desiring to see a growing collaboration, that will mutually strengthen our congregation and facilitate greater outward activity. There are around 30 Regions Beyond churches around the UK and many more churches in a number of nations around the world, including the USA, Australia, the Philippines, Sri Lanka, India, Brazil and many southern African nations. Some of our leaders also speak in other local Regions Beyond churches and attend the annual conferences of Regions Beyond. The Croydon Churches Fellowship gathers termly and shares information on borough wide activities and is a place where relationships are built between ministers and churches in the borough. Out of this larger group, smaller groups work together, for example Churches Together Selsdon and Addington and a group called 133. We maintain regular attendance and partnership with these groups, for example, the Easter Walk of Witness and a joint, inter-denominational Christmas service. ## Community Activities Our community programme is served by our operation of Selsdon Community Centre, known as Selsdon Hall. Our intention is to be a hub of life and nourishment within the community; a place where people come to rest, catch up with their friends and all the while sitting in the presence of God. Located in the centre of Selsdon with excellent facilities . This permanent presence in the very heart of our community has enabled an increasing variety of contacts and events involving the people of Selsdon and beyond. Selsdon Hall is hired out to a wide variety of clients, and it is used for many community events such as wedding receptions and private parties. The hall is used by a pre-school which is run every weekday in term time. Other regular hirers include South Corydon Islamic Centre and an exercise class. Various other groups using the hall throughout the week. In planning the activities, the Directors have had regard to the guidance on public benefit issued by the Charity Commission in December 2008. The most notable event in the period under review is the culmination of a lengthy process of review and planning for the reopening of the coffee shop, within the Selsdon Centre that we run on behalf of the council. Page 3 Prior to the pandemic, the centre had made considerable losses, and it was crucial for us to find a way forward that wouldn’t expose Jubilee to unacceptable and unsustainable financial pressures. Since closing the café, we increasingly felt the space we were responsible was being underused. Having had significant successes in the way we ran and organised hall hire, we felt it was time to take the next step in using the Selsdon centre to better serve the community. The elders and directors met a number of times during this period to create a viable plan for reopening and in January 2023, we interviewed for a café manager and were delighted to find an appropriately experienced person for the job, who is a member of Croydon Jubilee Church and in February 2023, we reopened, to the delight of the community and the joy of the church, as we look forward to being able to increasingly meet our stated aims, as a charity, through increased and deeper connection to the community we serve. ## Principal Sources of Income Income for CJC comes from a variety of sources. Generous congregational giving by CJC Church membership, both in regular monthly donations and one-off gifts for either specific or general requirements amounted to £170,822 in the financial year 2022/23 (2021/22: £170,359). Gift Aid on these financial gifts amounted to £31,865 (2022/23: £37,147). The operation of Selsdon Hall, the Coffee Shop and bar events raised a total of £87,315 this financial year, a big increase on the previous financial year (£61,816) as the coffee shop was re-opened late in the year. The church leadership and Directors continue to consider carefully the implications of the operation of the centre and knowingly undertake this activity in order to serve the local community. Income of £11,118 was received for a variety of Parenting courses, some funded by attendees, some funded out of payments from a consortium, providing services to meet LB Croydon requirements in Parenting support. Self-funding for small scale youth and children’s work activities continues, alongside self-funding for the Lunch Club and other small-scale activities. ## Significant Events in 2022/2023 No material Significant Events occurred in 2022/23 that required either additional e xpenditure, over and above the operation of the activities and the regular maintenance and support o f both Selsdon Hall and Wolsey Chapel, including lighting and music performance equipment. ## Reserves The free reserves were maintained in line with agreed policy and at a level deemed appropriate to the Directors through the financial year. This equates to approximately £30,000-35,000. This is less than would normally be considered appropriate for a charity such CJC but in considering the policy the Directors are aware of the committed support from church members and also from other churches with whom CJC have strong relationship from whom funding can be obtained should the need arise. At the year end, the free reserves amounted to £108,000 (2022: £54,000). The ongoing level of reserves is closely monitored and the Directors regularly receive financial reports to ensure appropriate action plans can be enacted should the financial position deteriorate. Page 4 ## Risk Statement The Directors have reviewed the risks to which a charity operating with few employees is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis. Principal risks include potential loss in income from Church members and appropriate contingency plans are in place should CJC giving income significantly reduce including the reduction in staff and overhead costs to ensure expenditure is maintained with income The risk of loss of Parenting income for the production and delivery of Parenting courses is mitigated since the majority of course and activity delivery is provided by temporary staff members on Zero Hours contracts. A significant reduction in Hall income would be mitigated by re-rostering temporary workers to maintain expenses in-line with income. Additional risk-based controls are planned to ensure that all activities maintain appropriate risk assessments ## Governance and Management Pay and Remuneration is set solely by the Directors. In setting pay, the Directors consider similar sized church organisations and information from appropriate non-commercial organisations, such as secondary school pay structures to ensure that salary and remuneration are in- line other comparable responsibility levels. The Directors review this annually for all permanent and temporary staff. Consideration is given to Director development including on-going informal training and support from identified professionals within the church. In selecting additional Directors, the current Directors and Elders consider skills and experience of candidates and the alignment of CJC Objectives with a candidate’s capabilities. There is planned diversity within the Directors that reflects the diverse nature of CJC Members CJC belongs to Regions Beyond, a diverse family of churches joined in apostolic partnership through a commitment to growing and strengthening churches. CJC Charitable Objects remain in-line with Regions Beyond objectives. Regions Beyond provides additional support, spiritual direction and accountability to the leaders and members of CJC. CJC works closely with other Regions Beyond churches, and other non-affiliated organisations, to further its charitable objectives. ## Forward looking Plans As part of the Directors discussions, the Activities of CJC are considered and recommendations made to the Eldership team regarding the activities of CJC to ensure that the relevant skills and experience are integrated in day-to-day activities. Where necessary, appropriate support and guidance from outside the organisation is sought, both formally and informally, to provide a fresh perspective on proposed activities and the operation of CJC. The Directors will review and refresh policies and procedures to enable a simpler model of working in both Church and Community activities. During 2023/2024 the Directors expect the activities described above to continue and be developed based on lessons learnt from appropriate sources. The activities remain in-line with CJC Charitable Objects and the Directors continue to monitor the financial and operational performance. Page 5 ## Directors' Responsibilities Charity law requires us as Directors to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year. 1. Select suitable accounting policies and apply them consistently 2. Make judgements and estimates that are reasonable and prudent 3. State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts. 4. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business. We are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable us to ensure that the financial statements comply with the Companies Act 2006. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities. ## Approval This report was approved by the Directors on Dec 21, 2023 and signed on their behalf by: Gary Flynn Gary Flynn (Dec 21, 2023 10:01 GMT) ---------------------------------------------------------------- Gary Flynn Page 6 ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF** ## **CROYDON JUBILEE CHURCH ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023 on pages 8 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 11. ## **Responsibilities and basis of report** As the charity’s trustees of the 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 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 2011 (‘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** Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 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). ## Lourens du Plessis Lourens du Plessis (Dec 21, 2023 10:12 GMT) Lourens du Plessis ACA CA(SA) Member of the Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB > Date: Dec 21, 2023 Page 7 ## **CROYDON JUBILEE CHURCH** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 31 MARCH 2023** |Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other income
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
6
**Total expenditure**
**Net income/(expenditure)**
**Transfers between funds**
15
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
15|Unrestricted
Funds
£
202,687
2,844
87,315
1,008
293,853
219,688
219,688
74,166
(20,113)
54,053
54,406
108,459|Restricted
Funds
£
10,000
11,118
-
-
21,118
37,425
37,425
(16,307)
20,113
3,806
1,861
5,667|Total
Funds
2023
£
212,687
13,962
87,315
1,008
314,971
257,112
257,112
57,860
-
57,860
56,267
114,126|Total
Funds
2022
£
237,413
9,620
61,816
9| |---|---|---|---|---| |||||308,859| |||||289,908| |||||289,908| |||||| |||||18,951
-| |||||18,951
37,316| |||||56,267| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing operations. The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006. The notes on page 10-15 form part of these accounts. Page 8 ## **CROYDON JUBILEE CHURCH** ## **BALANCE SHEET** ## **FOR THE YEAR ENDED 31 MARCH 2023** |Note
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank and in hand
10
**CREDITORS: Amounts falling**
**due within one year**
11
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**CREDITORS: Amounts falling due**
**after more than one year**
12
**TOTAL NET ASSETS**
**FUND BALANCES**
15
Unrestricted Funds
General funds
Restricted Funds||General
Funds
£
6,498
6,498
14,511
211,270
225,780
93,820
131,961
138,459
30,000
108,459
108,459
108,459
-
108,459
Unrestricted|Restricted
Funds
£
-
-
-
5,667
5,667
-
5,667
5,667
-
5,667
-
-
5,667
5,667|Total
Funds
2023
£
6,498
6,498
14,511
216,937
231,448
93,820
137,628
144,126
30,000
114,126
108,459
108,459
5,667
114,126|||General
Funds
£
8,122
8,122
21,898
122,804
144,701
68,417
76,284
84,406
30,000
54,406
54,406
54,406
-
54,406
Unrestricted|Restricted
Funds
£
-
-
-
1,861
1,861
-
1,861
1,861
-
1,861
-
-
1,861
1,861|Total
Funds
2022
£
8,122
8,122
21,898
124,665
146,562
68,417
78,145
86,267
30,000
56,267
54,406
54,406
1,861
56,267| |---|---|---|---|---|---|---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements. The trustees (who are the charitable company's directors for the purposes of company law) acknowledge their responsibilities for: (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved by the Board of Trustees and were signed on its behalf by: **----- Start of picture text -----**
Gary Flynn (Dec 21, 2023 10:01 GMT) --------------------------------------- Gary Flynn --------------------------------------- Dec 21, 2023
Gary Flynn Date
Company number: 07989041 Charity number: 1146703
**----- End of picture text -----**
The notes on page 10-15 form part of these accounts. Page 9 ## **CROYDON JUBILEE CHURCH NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 MARCH 2023** ## **1 Statutory Information** The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page. ## **2 Accounting Policies** These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities. These 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) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102. The principles adopted in the preparation of the financial statements are set out below. a) Going concern The accounts have been prepared on the going concern basis. As explained in the Trustees report, based on the level of the charity’s cash reserves as at the balance sheet date, along with their knowledge of the charity’s ordinary charitable activity and its ability to raise funds from members of the church and other churches committed to the work of the charity together with the cost reduction measures in order to meet bills, payments and other liabilities as they fall due, the directors are confident that the charity has sufficient resources to continue in operational existence for the foreseeable future. This opinion is formedwith due consideration of the lease commitments and loan repayments as detailed in notes 13 and 16. The accounts have consequently been prepared on the going concern basis. b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Income from donations and legacies includes: i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor. - ii) Donated facilities, services and goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). [Goods donated for resale are recognised as income at the point of sale (as the sale proceeds cannot be estimated reliably before the goods are sold)]. Facilities, services and goods donated for the charity's own use are recognised as income when receivable at their value to the charity. The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured. When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised. iii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably. Investment income represents income generated by the charity's assets and includes income from bank interest. c) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably. The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity. Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity. Page 10 ## **CROYDON JUBILEE CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 MARCH 2023** ## d) Fund accounting - General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. ## e) Tangible fixed assets Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged: Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Leasehold improvements Over the lease term or, if shorter, expected useful life Equipment Over 3 to 14 years The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable. ## f) Stocks Stocks of donated items held for distribution to beneficiaries are measured at fair value. g) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds. h) Taxation The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income. ## **3 Donations and legacies** |Donations of cash and similar
Other grants receivable
Government grants (note 3a)
Income tax recoverable
**a**
Job Retention Scheme grants
**4**
**Income from charitable activities**
Parenting work
Youth & childrens
Hall hire
Other charitable activities
**5**
**Income from other trading activities**
Rental income
Coffee shop/bar sales
Government grants comprise:|Unrestricted
Funds
£
170,822
-
-
31,865
202,687
Unrestricted
Funds
£
-
2,242
575
27
2,844
Unrestricted
Funds
£
68,310
19,004
87,315|Restricted
Funds
£
-
10,000
-
10,000
Restricted
Funds
£
11,118
-
-
-
11,118
Restricted
Funds
£
-
-
-|Total
2023
£
170,822
10,000
-
31,865
212,687
2023
£
-
-
Total
2023
£
11,118
2,242
575
27
13,962
Total
2023
£
68,310
19,004
87,315|Total
2022
£
170,359
10,675
19,232
37,147| |---|---|---|---|---| |||||237,413| |||||2022
£
19,232| |||||19,232| |||||Total
2022
£
8,720
185
580
135| |||||9,620| |||||Total
2022
£
57,060
4,756| |||||61,816| Page 11 ## **CROYDON JUBILEE CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 MARCH 2023** ## **6 Analysis of expenditure** |**ysis of expenditure**|||| |---|---|---|---| |Incurred directly on activities
Direct costs
Grants payable
Support costs
Premises costs
Administration
Sundry
Governance
Incurred directly on activities
Direct costs
Grants payable
Support costs
Premises costs
Note 16
Administration
Sundry
Governance|Community
Projects
97,243
-
13,985
3,077
2,409
994
117,709
Community
Projects
121,043
-
21,268
2,457
1,865
750
147,383|Church
Activities
105,862
6,950
10,524
13,086
-
2,982
139,404
Church
Activities
92,471
27,280
11,449
9,075
-
2,250
142,526|Expenditure
2023
203,105
6,950
24,509
16,163
2,409
3,976| ||||257,113| ||||Expenditure
2022
213,514
27,280
32,717
11,533
1,865
3,000| ||||289,909| The fee payable to the independent examiner for preparing and examining the accounts was £3,300 (2022: £3,000). ## **Grants payable** |**Grants payable**|||| |---|---|---|---| |Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
The charity's principal grants to institutions comprised:
Regions Beyond UK
Hope Church
Grants to insitutions for less than £1,000 each|Institutions
£
6,950
-
6,950
Institutions
£
7,100
20,030
27,130|Individuals
£
-
-
-
Individuals
£
150
-
150
2023
£
6,600
-
350
6,950|2023
£
6,950
-| ||||6,950| ||||2022
£
7,250
20,030| ||||27,280| ||||2022
£
6,600
20,000
530| ||||27,130| Page 12 ## **CROYDON JUBILEE CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 MARCH 2023** ## **7 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses** |Gross wages and salaries
Social security
Pension costs|2023
£
121,396
10,694
2,831
134,921|2022
£
111,000
6,308
3,932| |---|---|---| |||121,240| The average monthly number of full time equivalent employees during the year was 7 (2022: 6). Most of the charity's activities are carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum. The charity's key management comprise the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows: During the year key management received employment benefits totalling £37,110 (2022: £67,537). No trustees received employment benefits in either the current or preceding year. ## **8 Tangible fixed assets** |Cost
At 1 April 2022
Additions
At 31 March 2023
Accumulated depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 1 April 2022
**9**
**Debtors**
**Falling due within one year:**
Tax recoverable
Other debtors
**10**
**Cash at Bank and in Hand**
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
Petty cash
**11**
**Creditors: liabilities falling due within one year**
Taxation and social security
Accruals
Loans|Church
Equipment
& Fittings
£
3,024
3,024
3,024
-
3,024
-
-|Selsdon Hall
Equipment
& Fittings
£
61,130
61,130
61,130
-
61,130
-
0|Selsdon Hall
Leasehold
improvements
£
22,743
22,743
14,621
1,625
16,246
6,498
8,122|Total
2023
£
86,897
-
86,897
78,775
1,625
80,399
6,498
8,122
2023
£
9,370
5,141
14,511
2023
£
55,681
161,256
-
216,937
2023
£
3,292
80,527
10,000
93,820|2022
£
13,397
8,501| |---|---|---|---|---|---| ||||||21,898| ||||||2022
£
34,310
90,355
-| ||||||124,665| ||||||2022
£
2,180
56,238
10,000| ||||||68,417| Accruals in note 11 include £74,664 relating to historic service charges and utilities, due in lieu of rent, but which has not been invoiced by Croydon Council. **12 Creditors: amounts falling due after more than one year** |Loans|2023
£
30,000
30,000|2022
£
30,000| |---|---|---| |||30,000| Page 13 ## **CROYDON JUBILEE CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 MARCH 2023** ## **13 Loans** The liabilities for the loan referred to in notes 11 and 12 fall due for repayment as follows: |**Loans**
The liabilities for the loan referred to in notes 11 and 12 fall due for repayment as follows:||| |---|---|---| |Repayable:
Within one year
Between one and five years
After five years|2023
2022
£
£
10,000
10,000
20,000
20,000
10,000
10,000
40,000
40,000
Local authority loans|| |||40,000| The local authority loan is to assist in funding the community asset transfer of Selsdon Hall, and is secured on the equipment purchased for Selsdon Hall, is interest free and repayable by 10 annual instalments of £10,000. The local authority granted a two-year repayment holiday so that repayments recommenced in 2021. ## **14 Pension commitments** During the year employer’s pension contributions totalling £2,478 (2022: £3,933) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2022: £nil). ## **15 Funds** During the year the movements in the charity's funds were as follows: |_Restricted Funds_
Parenting
Furniture Project
Special offering
Castle Hill church plant
_Unrestricted Funds_
_General funds_
Total Unrestricted funds
Aggregate of funds|Opening
balance
2023
£
27
269
1,565
-
1,861
54,405
54,405
56,266|Incoming
resources
2023
£
11,118
-
-
10,000
21,118
293,853
293,853
314,971|Outgoing
resources
2023
£
(7,312)
-
-
(30,113)
(37,425)
(219,688)
(219,688)
(257,113)|Transfers
in the year
2023
£
-
-
-
20,113
20,113
(20,113)
(20,113)
-|Closing
balance
2023
£
3,833
269
1,565
-| |---|---|---|---|---|---| ||||||5,667| ||||||108,458| ||||||108,458| ||||||114,125| In the previous year the movements in the charity's funds were as follows: |_Restricted Funds_
Parenting
Furniture Project
Special offering
Castle Hill church plant
_Unrestricted Funds_
_General funds_
Total Unrestricted funds
Aggregate of funds|Opening
balance
2022
£
3,432
269
1,565
-
5,266
32,050
32,050
37,316|Incoming
resources
2022
£
8,720
-
-
10,675
19,395
289,464
289,464
308,859|Outgoing
resources
2022
£
(12,125)
-
-
(14,952)
(27,077)
(262,831)
(262,831)
(289,909)|Transfers
in the year
2022
£
-
-
-
4,277
4,277
(4,277)
(4,277)
-|Closing
balance
2022
£
27
269
1,565
-| |---|---|---|---|---|---| ||||||1,861| ||||||54,405| ||||||54,405| ||||||56,267| Page 14 ## **CROYDON JUBILEE CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 MARCH 2023** The Parenting work fund supports Jubilee Parenting, which seeks to improve the emotional wellbeing of parents, carers and their children through parenting courses. The Furniture project supports the work of New Home, which operates as a furniture bank, providing furniture and household goods to those in need. ## **16 Operating lease commitments and post balance sheet events** The charity has a lease commitment until 2039 for Selsdon Hall, which has no rental cost, but there is a commitment for the charity to pay utility costs and management fees beginning in April 2019. The charity has reached an agreement to commence these payments with effect from 2019/20, with no liability for previous years. The liabilities for loan repayments and management fees outstanding at year-end are reflective of this agreement reached with the local authority and represent the full current amount owed. ## **17 Transactions with related parties** During the year the charity: - a) received donations totalling £29,780 (2022: £25,225) from related parties (which includes trustees, anyone closely connected to them and key management). Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year. ## **18 Members** Each member of the company commits to contribute if the charity is wound up an amount of £10. Page 15 ## **CROYDON JUBILEE CHURCH** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES** ## **FOR THE YEAR ENDED 31 MARCH 2023** |Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
6
**Total Expenditure**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers between funds**
15
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
15|2023
£
202,687
2,844
88,322
293,853
219,688
219,688
-
74,166
(20,113)
54,053
54,405
108,458
Unrestricted F|2022
£
226,738
900
61,825
289,464
262,831
262,831
-
26,632
(4,277)
22,355
32,050
54,405
unds - General|2023
£
10,000
11,118
-
21,118
37,425
37,425
-
(16,307)
20,113
3,806
1,860
5,666
Restricte|2022
£
10,675
8,720
-
19,395
27,077
27,077
-
(7,682)
4,277
(3,405)
5,265
1,860
d Funds|Total
Funds
2023
£
212,687
13,962
88,322
314,971
257,113
257,113
-
57,859
-
57,859
56,265
114,124|Total
Funds
2022
£
237,413
9,620
61,825| |---|---|---|---|---|---|---| |||||||308,859| |||||||289,909| |||||||289,909| |||||||-| |||||||18,950
-| |||||||18,950
37,315| |||||||56,265| Page 16