Charlly reglstradon number I153￿8 UBILEE COMIIIUNITY CHURCH (EG) CIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Jubilee Community Chufch Jubllee .ommuniiy Chuii JUBILEE COMMUINITY CHURCH (EG} CIO LEGALA[￿ ADMINISTRATIVE INFORMATION T￿Steel E Harvei. H Bapll8L N Down MJBerry C M Paync P F Traih¢tt-Harris C&4YiTh' illmber 1153068 Prfilldp￿ addr￿& Jubilee Lommunily Cbarlwoods Road Ea81 Grinsiead W¢5t Sus%ex Audltor Rieliird Plate Dobson Serwtes Limii¢d 1-7 Siaiion Road Crawley West Su$seX RHIO IHT Eanker5 Lloyds TSB Batsk Limiieo Comm¢rical Banking Division 25 Gresham Street Londo EC2V 7HN SoMel¢on ASB Law lllnovis Hou* IQ8 Hi&h Street Lrawley WL* Sug$¢% RHIO IAS Jubilee >mmunty Qi JUBILEE COMMUNITY CHURCH (EG) CIO COIYTENTS P#gé Trust¢¢s r¢port Stat¢tn¢ntof tr￿st¢¢$ r¢spoTh$ibiJitLeS InJepeLdffltavditOl's repL)rt Slatetnellt uf fitwjcial acriYilAe5 Balance thett Statement of cash flows 13 N￿eS to the fLiwi¢ia] statements JLt>llee JUBILEE COMMUNITY CHURCH (EG) CIO TRUSTEES REpoKr FOR THE YEAI ENDED 31 A UGUST2022 The prebenL their aJJnug1 report and finan¥i81 sldiements for the yeareDded 31 August 2Q:2. The finanLial stai¢niens hav¢ been prEpared in accordancL% with the a¢L*￿n(ing poliLies set frut ITh noi¢ I to thi financial slulttntnLS and COAnply with the Charities Act ?011 attd Acefiuniingy ai)d R¢poiling by Chotities.. Stalen]enl of R¢con)tnetided PraLtiiY appliiiihli lo ¥harilies preparing theii *Lcourtts til aLiordan¥¢ with the Financial Reporting stand•￿ appliLablL' in the UK and Republic nf IrelaDd IFRS 1021 lefttctsi't l jan￿ary ?0191. Obj￿*1￿.*8 actJTrkles Il'hen approi'in¥Tr the charity s Iibjeciives th¢ irnsiets are aware o( Ihc Charity co￿[￿15￿1￿)￿'s guidance i)n public be￿rit iu Th Adiantthieni of RLligioD for ih¢ PubliL Bellefit and have had r¢sard lo it in thcirÈdministraiiom of ihe chaniy. The truslL¢S b¢liev¢ that by ￿rth¢T advan¥ement of ihe Christian f&ith and by supporting Lhusen Christiafft or charitsble in¥Lltutinns oi'work, (he chanty can pmvide a benefiL to (he public by.. providing laeilitieb lor yjblic worship atld r¢ligiou5 secular education tor both its. memberb al￿ the community: promoiing the Chnstiall faith th¢ UK alld oveTseas. through sersrycgs and other activities by its mimber8. to the beThcfii of indi%'iduals and society as a whol¢- and providing relief fur the and needy Jnd b¢lp and cumttirt forihe SLtk and aged. Th¢ Clwli "s Prima Ob'ects are.. Tts furtherihe advanc¢m¢nt of th¢ Th￿Stian fThith in the Untted K1ngdom aT￿ oi"ergeag by PtOTllOtirtg TL.ligitrus or 8tcular eduialion lo adi'#n¢e the Chnsiian faith. Pmvidin8 support 10 the community through the reknerofthe poor and ncedy. ￿lj the bclp and ¢Or￿ort ofthe sick and aged., EncouNgitig ovetsvas acliviry dcsiontd io bPT¢ad th¢ Chrisuan Edith; Providi*g or assisti￿£ in ihL provision of f￿11)t1¢S iii lh¢ inl¢Tests of s￿lI1 welfarc tor or atheT leLSu￿. tsfftc. occupaiion ot-individuals in ECJ and ihe suxroundujg area who hxire need of sueh fxilities by reason ot. rbeir youth. agv, iiifirnuty or disability f11￿1)Ll41 hardship or Social circurA%tst)tes WLth thu object of inproving tb¢ir conditions of Furtherins such 6bsrit2ble purposes for rhe be]Jtfit otth¢ illbabitants of EG the bum)unding ar¢a and also th¢ UK 8Dd globally ￿ the I￿Slee5 0rmErnbE￿ sc¢ fli from utJe to time. Princi al ActivilL¢b Tbe managtmellt of all gctivities relxiiti¥ Ihc day to day oper4tion of Jubilee Collllnullily Church. Evst Cyrinslegd thwiiEh Tr￿th paid staff and volunteers The doJJaiiott &Trl' funds to related Christiau bodi¢s and ittdividuals both in th¢ I￿[ C&)mtnuttiry and ID othtr naiiDns lo fi￿h¢1 the objtbts of th¢ ¢harity Donaii(ms b). th¢ Lhariry tre made at the discrction of the elders in Lonsultaiion with the t￿￿1￿8. Th¢$¥ dotsations are usually based on relatioThthipl aifJIiation Atherthan being to unrelat¢d third parti¢$, The Lharily is d¢p¢Ddenl upin a of faciors outside its control, whith may adversely affecr the aclLiev¢m¢nt of ils okfj¢ctiv¢s'. Contributsoris to the charity an. #ll ll￿de on a voluntary b￿.1￿. The CIO reAov¢f5 tax thTriuxh the %ift aid schemL' wberrv¢i p￿•s1b[e. Total level of donalionb and the abiliLy ts) recovtr lax may Change ov¢K t1￿¢. I￿9￿￿e is also d#r1￿'ed from room hire and I¢¥￿. whiLh is clEarly d¥pettdent upon 14xal demand for $u¢h facilities. Our overseas acliviu¢s and youth miniqty are in IUTn dependent U￿1) suificient fu]L(lin8 beillg reteived by th¢ charity, and would need to be prioriuseil if illcol￿ wa5 ￿triCt¢d. Jubilee JUBILEE COMMUNITY CHURCH (EG) CIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 A¢hievenwDts alld perlormantt ActivitiC% Aii¢ndanc¢ and membership at Jubilee CommunTr¢y Church during the lagt 12 months liyve ¢ontinued ts) be SLrong. W¢ sr¢ in ¢xces5 of 4(K) people (of whom JOO are athlltsl regularly partliipativg in bhurGh activities and etsntiibutitsg to tb¢ lif¢ of th¢ butch. Alongsidt Christiall di5¢ipIEship and trainiD¥. we aeiively encouTage involv¢ment ill olle of the matty teanjs across the thunh alld are pLea$rd Iv 5¢¢ around 48Yo of our aduli membership ¢ngag¢d ill v4y. On¢ aim is its tea¢h to tatnili¢s within tbt LUt]]munity with whoTn we would othenvise hgie no rolltsct. To that end w¢ hai'e eoniiiiued to w'eekly Pdrent baby group witb other fainily ¢v¢nts to supplement our Sunday %vork. We also ¢ontinu¢ our wojk amoTrssl thc lown's youih. through Sunday attd mid-w¢¢k m¢eungs. trip¥, suItilIiCT &I]IIPS dnd w¢¢kty upen youth group5. We continue to see particular growih in ewenis fuLused ort th¢ ncLds ofour oldcr membe[5 a￿d thiss¢ in the wmixunity. These acriviiies all ellhanc￿ by the availability of the tentre faciliiies_ Our itti1131ive, the Jubil¢e Hub, wbi¢h wos establi%hcd 2018 coniinuts to flourish. The Jubilee Hub is aimed spetitically al tbo5e who Emiggl¢ to connect with uon)murtily. Th¢ Flub provid¢s a fantssiiL Oppo￿ll1￿ for fricnd5hip building and support. especially for thfis¢ adults wilh addition21 needs. We have also worked hard at our Inclusion policy a￿osS the churcEL Ve contirtue 10 ellcourage volbnieeri1)g in bro3dercommuniEy aciiviiies Ihrou¥h our'Jvbil¢¢ ]]Jitiauves' which includes Fegalls who 15 now part of Spwgeon5. and Foodb)nk. We 2150 d¢w)t¢ r¢sour¥e¥ to the spread ofthe Christian gospel overse&s, priJTroTily workiDg with church in other￿tionS to a5SiSt with fvrther ¢hurLh planting, the development of leadag and wmpassionai¢ WOL*s amongst the pDor. A$ at ih¢ elld of the curr¢ni fittan¢ial yeai, th¢ Jubile¢ Community C'erttre will knave been open for over tL"Ii ytaTrt and iontinues its fulfil th¢ vision forwhiGh il was develuped. W¢ $¢¢ 3round 2.ollj people ubing th¢ C¢1￿[¢ on a wetkly basis. Volunt¢eJE Th¢ chariry Lmploys IY staff. intlllding three of the ¢hutth's senior l¢ad¢rship team. one 0-18s co-ordirtators. a centrL' manager, c8r¢iakrr. f]nance nunager, rhuwh adrnini51rators and two time icc¢ptionisis to as¥ist %viih rbe twxrting of the Gotllmunit). LeLltre. Th¢ church i¥ also hea￿llY deperbd¢n¢ on voluntecrs who freely gi%"e their time to enable many of the Lthrriloble acrti'itie5 and cknurcb ninistrtes to take pl8te. However, we ￿main delibblcd at ihc iar¥e Dun]b¢r of individuals do suppoit the eh8riry ui this manner. JvtlÈe JUBILEE COMMUNITY CHURCH (EG) CIO TRUSTEES REPORT (CONTIIYUED) FOR THE YEAR ENDED 31 AUGUST 2022 Thnxthtial revie Th¢ ¢hJrily reccivcd total illwm¢ of £648,19.1 during the year ¢ndtd 31 Augubl 2022. Tbis compa1¢5 (c £558.14l dunn8 the PT¢viovsYear. Inix)me iniludtxI £56,079 tax refvndLd ott giviLg under th¢ Gift S¢h¢me 3ttd lease aod Mital inL.0￿¢ of £117.656 frotn the Jubilee Community Ccntre. (Jrants rwcii'ed this vear included £410 governme￿1 grants for suppoft duritig thc COToIJavinis pandelluc. The vast majoTitN' of Ihe remaining illrotne wa$ reLeiwed from ffletnbets of Jubile¢ Commurtity Church on Ioluntsiy b#sis. Of the total revenue exp¢llditur¢ of £5X2.044. £267.581146/01 Ttlated to siaff ¢0515. £79.084113Tr101 was 8lAnled to itidividuajs or urgjnislltions cxlcrnal lo Jubilee Church ill pursuit ot. the Objec￿ of Ihc thariry. attd th¢ r¢twinin8 41QJO euvered tA5rting aDd confcren¢e CO￿$. building mainl£nanLe and 0lli¢r church administrdtsv¢ cosls. The Charity m)de a surplus of£66.149 th¢ year, compared ¢0 a SUTplus of£ioo.27 in previo￿$ year. Net t￿rr￿1 y5￿ts at 31. Augwt 2022 W¢Te £230.103 12021.. £26Q.3241. R¢seThes bLDught forward from 2D21 totall¢d £2,863,516. The8¢ in¢ret8ed 10 £2.929.665 by 31° August 20•? af which the majority was r¢stricied Buildino Fund8 lied up in ihe Jubilee Comtnunity Cttttre. Thc reseNey divided betweett Restrscted fundg Lo￿111￿8 £2.226.947 and Unrestric*d funds tgtalliAg £702.71¥. tsF which £304.935 GLn¢Tal funds gnd £397.783 are Iksiwiatth fi]n& Iprimarily th¢ Bllilding tk8ignat¢d FuThdl, which is usd forthe rnaiDtenanc¢ &JJd g¢neral runLiDg tosis ot'the building throughout the ycar.'fh2 Gener&1 Fund bal￿£t ts ordttaged t() ¢Muir that thl chariry holdb the 8ix mLinths' opetaiiog ¢xpense5 a$ required wid¢T th¢ T￿Ste￿.S. risk min&g¢ment policy. At 31. AuButt )02• the GeDer81 funds represent&l 6 n)unths vttrc$tric*d operotithg ¢xptThses. Pl4tt$ lor futllre period5 Our tthTe objective remaitis lo activilicg thai ecabl¢ the spread of the Chrtslian gospel throvgh Ioc21 church cotnmullitLes. botb u) the UK and overs¢a5, Ive hope Io see our membership attd attelldauc¢ grow fuJth¢r during the CDUl8t of th¢ next 12 Tnonlhs. wilh our fu¢us on ie4chin¥ all I￿s. Wc will also continue to illvesr in the Jubil¢e C¢nimunity Celltr¢. iii OTder to maxiniise the benefit t() th¢ loial ¢onmiuniry. maximist our iDCOm¢ 4nd accelerd￿ our debi repa￿￿¢￿1 if income pcffnits. StrDCkn￿ %overnArt¢e And m&nAgtment The t[lls￿S who s¢tv¢d dur￿￿ rh¢ ycar and up to Ihc date olsi¥nature of Ihe stslement5 wur." Mr M E Hatyey H ￿Phstr IMW411 NDOW MJBeEry C M PaynL P b Trathvn-Harris (Rebigncd 28 Nviemb¢r 20221 Jubdee page 3 JUBILEE COMMUTr41TY CHURCH (EG) CIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Tbe Lharity was regibiered on 25 July 2013 at￿ is governed by its col￿tiM1￿￿ dated 75, July ?013 alld amended OL 5 Jatw 2014. The go%'¢rning document PTO%'ides foT a minimum ofihree irusiees. who must be membeTS Of lubTlee Community Churth. E*1 Grinsieao, to admitiister and mallabie Ib¢ chanty ￿nstItu(cd as a chaTilable tnroryoTllled ot¥aniFAuon {ClOI. At ¢very anDWdl general mEelillg ofthe ll￿mbers of the CIO. subsequent to the tirnt AGM. one-third orth¢ ¢t￿lty trustees shall rL¥tire from offiLe. They cam then be reappointed or new tru8te¢s appoin¢¢d. Th¢ b￿lY of rn]stees worts I'ery LIo%Lly with the senior leadeT5hip of Jubilee Community Chu]rh. Whilsi wholdin¥ ihLir legal respLin.%ibiliiiLN. the lrnstees look lo the thurch1¢4d¢tship t¢am tOT oi'crall vision and direciion. Jubile¢ Communiry Chuycb is atfjliaied to Ihe-New tiround, Idmily of ¢hurcheb 4nd thc seLior leadcrship ofthe chu￿￿ look810 £trtain othvr leaders in this wideT COmTTrllnity for p¢rsollal spiriuial msight. as well as L%king advice ots governamLX' liu¢tw und i¥5ttes. The ttusrees operate a thild prote¢tioiJ atld VU￿erable peT50ns' policy and perform rouEiThe risk thegsments for all church tliviiies. Health and 5af¢ty ronsideEatjOn IS brlNtn ￿ staft'&nd the public e￿￿￿n￿ents in whi¢b th¢ church owal¢s. New twstees uxJd¢r8o ll prfiod (kl illductivn fo bri¢f rhem oil their legal cibligauoiis under charity law, thc charitv's objeciivts and a¢tiNiti¢s and th¢ Charity's r￿en1 finanLial ￿Tr[￿rMance. During the induciion they m<¥1 oihcT tTustees. ke) eTr￿lOY￿S a￿d cbur¢h l￿ders. Iusk Managtment Tk In]$ttes hav¢ as5C&5rd thr majurrisks to which the chaTJly Is expused, and are s￿istica that syslems are in place lo mitigAie expo$ute io the majorrisk$. The t￿￿tee9 hal'e a risk management strntrgy that compriw: ao antu￿1 ]Eview ol'the rssks that the CIO rnighi faee,. Ibe eslahli%hment Dl'syslems & procedure4 to rniliyte those risks ideniilt¢d in the plan., and th¢ imp1tm￿ita{10n of PToiedure5 dLsigncd ty minimige any Txlteniial impaLi the CIO should thtsse risks at¢riali5¢. A key element in the mana¥etll¢Di of tinallcial iisk IN the setiing ef a reserves policy iE$ re8ular review by the trusiees. As a corsequ¢nce of the purlhase of rhe building, the CIO htrs ent¢]Yd into th Wm[n¢￿1al loaii agr¢Lm¢nt to fvndth¢ purcha8e and lh¢ tsust¢¢5 will not hold ext¢nsive cash reserves in and dep05il actouThts that might oth¢rwise ofts.et ts)rn)wing. Tle CIO will, however. reta￿ $utTLLiellt funds lo Lover three months, operntillg exp¢Th5¢S. The tsiLstees have thkets the appwa¢h 10 pr¢sttYe wher¢ possibl¢ and wnsideied Kll8ible to th) so. whilsr also balan¢illg the churcb's aims and objectives to be generou¥ where 4)propriat¢ and provsde for thc 114)1)r. JubilÈe p&g¢ 4 ## **JUBILEE COMMUNITY CHURCH (EG) CIO** ## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2022**_ The trustees report was a[pp] roved by the Board of Trustees. **----- Start of picture text -----**
M J Berry
Trustee t!z1
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Date: .............. 2.. • t>':;J . ...................... :::J ........ .
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Trustee
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**f'Jubilee** page 5 UBILEE COMllgUNITY CHURCH (EG} CIO STATEMENT OF TRUSTEES RESPONSIBILITtES FOR THE YEAR ENDED 31 AUGUST 2022 Th¢ trusiees are responsible for preparing Tru5te¢s Rcport aDd the finanLial slal¢ni¢nts in gLcoidonce with appli¢abl¢ law nd United Kingdom A¢c(yunting stand￿lIs Iunited Killgdom Ge￿rallyA¢tty1td A¥countiDg PraLYi¥¢l. The law applieable to Lhaniies in England and Wales requires th¢ iru5tees to prepare fitsanLIMI $tsletnents foT each finanLial year whith bTive a true and fair vicw of th¢ blair vFaifait5 uf the chllrity and of the illcomingT T£50urces and application 0[￿51)UrceS f the th￿ltY for that year. In prepaiiT]g thes¢ finarKial siaiemeni& the tr￿tff$ arc rcquiTed to.. - Belee¢ suitsbl¢ aw)untingpJliei¢8 and rhen apply Ih¢m ¢onsistefiily,' - obs¢TV¢ thL rnethods tsnd prin¢ipl¢s in thb Charitiv8 SORP.. - mak¢ judg¢Jn¢nts and ¢5tiTnates that are re450nable a￿] pjudent., - stale whether *pplicablL atyLounting st￿ld￿rdS knve been followed, subjLCt to ally n]alerial departtJrs dtscLo5ed alld ¢xpiaiiied iii the fllwicial staiemenis., and - prepare th¢ financial S￿n]ents OD tlxe goin¥ ceneem basis unless It l5 iDappropriai¢ to presumL that the Charity will tontitt in operauun. The [￿S[ee8 8Te TespoD5ible fvr k¢¢p￿S ¥utficielll accounting reo)rd% that diselus¢ with reasonabk dccuracy at ally tin￿ Iht fi￿a1)lial p051tion of th¢ cliarity and eoable them to ¢n%ure th8¢ the finanLial staiemenis complj with th¢ Chariiie5 Act 2011. the Clwity IA£cuuE]ts and R¢p)rtsl ReLpul•iioms ?008 the PlOVi5iOllS of Iht t￿51 drrd. Thcy also Tesponsible for 5Af¢guarding the chariiy's assets krtd hen¢¢ for thkJDg reasonable sty'ps for th¢ p￿Tren￿on aiid dL'lebtioll of fraud and ¢th i￿¢Bulan(l¢S. Jubllee pa8¢ 6 JUBILEE COMMUNITY CHURCH (EG) CIO tNDEPENDEYT AUDITOR'S REPORT TO THE TRUSTEES OF JUBILEE COMMUNITY CHURCH (EG) CIO 11¢ knave auditsd Éhe tsllanci81 srAkments of Jubilce Community (lutth (Easi Grit)slcadl the charilahle incnrpoidltd OTBalli5ulion for th¢ y¢ar crtdLYl 31 August whiLh ¢ompris¢ of th¢ statemeni of finanvial a¥tivitieg, the btslance shcet. the stst¢tneLt ol. cash floivs and the firtdllcial Sthkjnents. includin8 si8nifi¢ant accounting policie& The ti11oncidl re¥porting frdtll¢W0￿ that hag appliLd in theiT prepaTalion is applicabl¢ law and Uni*d Kingdom AcLounting Standards. inbluding FindnLitl Rtponing Standard IOZ Tiit FinanLthl ReEx)rtitJ¥ Standard at4)licable in the UK and R¢publs¢ Ot Ireland IUllit¢d gdotL GellerJll>' Acbepttd Ac¥uunting Pra¢ii¥¢l. In our opujiots. the fitMILJal statem¢nty.' gil'e a and fair vi¢w' ot st41¥ of The Lharity's affairn as at 31 Auswt 20?2 and of its iTrwming rel￿￿e8 and appli¢alion of Tesourc¢s. for thc yearthett ended,. hai'¢ been proptTly pryarL'd In aLcordan¢¢ with UniiLd Kingdom Generally ALl¢Pt¢dA¢rouniitt% Practice: and h8Ie bren ptepared itt fjccordallce with the re4Ul￿￿¢AIb of the Charitieskni 2011. BASIS foropinivR le conductL'd our audit in aucordanee iwth InternxtioJ)al Siandardy on A￿lling (UK) IISAS ILTK}) and applicable laiv. Our Ttsp)nsibilities undei thvse bwidwds ￿rthEr describcd In th¢ Audito¢s ￿¢sP￿lS￿bilitieS for the audiL ol th¢ financial slat2m¢nis g¢(iion of QUT report. We are indep¢nd¢n¢ ofih¢ Ltharity itt aLcordance with th¢ ethical Tequiran¢nls Ihal are T¢l¥i'ant to our audit ol'the staiein¢nls iD the 1111. iD¢ludini Ihe FRC'S Ethical.8t8ndard, and wc hai't fulhllEd our other etbital pon5ibiliti¢s in acLordanLL Mriih these rcquirLI)J¥nts. M'f beliei'e that thL audii ti-ld￿¢¢ hav¢ obtaimed 15 suffic]v￿t and 2pprnNiate to provid¢ ¥ basi$ foi'our thpinion. Cfyll¢lM8iDJs rel*ting tfr goitig coMe¢r In audilin¥ the fi￿all¢la] slal¢tn¢lllb, w¢ hllije concluded that the In]sieeg ttse of the ST4)1￿ concern basis of accounting in the p￿pa￿tion of Ihe finaniial qtJtLiii¢nls is apprupriate. Based on the work we have perfortnid. w¢ hal'e not idimiifild anv maltrial un¢¢rtainties ttlating to ci'¢nts OT conditioTLS that. irxlividudlly or ¢olleciii'¢ly. may cL%t significdnt di)ubl on thc chariry's ability to torttiE)ue as a going eon¢¢rll IOT a pcrifjd ot-at least twelve t￿TrnthS fromwhen the finaJ)bial stat¥mettts are authorised for E$SUe. r re5POt]5ibilitie5 thi t¢spon8ibilitlL$ of th¢ trust¢es with respeci to going boTrc¢rn a￿. d¥%cribed Lll the relevanl $ectiolls olthis report. Otljtr inform*tio The oiher iufonnation coryri8es th¢ inlom)atioo inelllded ID the annual r¢port otb¢r than tbe financiul stsr2meDtS and our auditovs r¥port theretsn. The in]sieis are re4)0118ible foT Ihc other informatioii contsined within the anllual report. Our opiniort on the f￿￿tte381 stxiements does Jjot coi'er tbe othEr itsfotmaiion snd w¢ do not eKptEss atty fonn of assuTan¢e con¢lusion thvr¢on. Our F¢spont*ibility 1% to rrail the tsth¢i infoxmatAon a]xd. in doing so. consider whethei othLr inforn)ation i) materAa]Ly incDTJsisient ivith the [￿￿￿￿¢1*1 stsl¢mcnts or our knowled8g Obthi￿ed in the CQUT5e of the audjt. or otheNige 4)pe2r io b¢ Jnalcrially mis$tsied. If we idcntify such mal¢rial iDcull5i&l¢DEics ur apparent m8tBrig1 missiaiemellis, wc 3re r￿u￿ed to dtiemiin¢ ivheiher this gives rise lo a m81cTial rnisstatement iTr the financial blaleni¢nrs themselve5. If, b￿d on the work we bavc PErfonned, we cOncl￿de ibai tbcrc i.% a m￿crial missiat¢mciil uf this other infomiatitsn, we are requirBd kn Irport that fact. We havenothillg to rG￿tt in thi8 regard. Matters on Th*lch we are requltEd to ttport by ¢x¢¢ptio 'e hai¢ lloihing ts> report in T¢spect of the followin8 matters in relalion to which the Charili¢8 (Accol￿ts RLY>Ortsl Rcbtyl*tioJJs 2008 require us lo report lo yi)u if. jll OUT OPinlOII'. the illformauon givcll iu th¢ financial stakments 15 incon&isielll in fjDy nmterial respectwith the tmStEes teport: or 8uifici¢nt arrouThling Tewrds ha￿¢ not been kept.. OT finallcid 8latements are not in with the accountillg r¢¢ords' or wrhave nul ie¢cived all th¢ infonnatioll and explanations we r¢quire for our oudit. Jublee pRge 7 JUBILEE COMMUNITY CHURCH (EG) CIO INDEPENDENT AUDITOR'S REPORT {coNfINUED> TO THE TRUSTEES OF JUBILEE COMMUNITY CHURCH ffjG) CIO Re$portsibiliti¢$ tsf trustees As explained more fully ikn the gtatemetti tsl tru8ie¢s responsibilities, the t￿$te&s are ￿SponSible for the preparatiotr of rhc rinancial staternenL8 aNI for being saiisfied thar they giv¢ a True and fair ¥iew. and for such inttrnal Lontrol a5 thl trusie¢5 deiemiille is n¢r¢55ary to enabl¢ the preparation ot'tinancial stai¢ments ihat are tree from inateriHil misstst¢m¢ni. whetherdut to frdud or ¢Tror. In preparing the firtartLial stat¢rn¢nt4, the tru%tees are responsible for a$se%sing lh¢ ¥barity-s ability IA) co*rinue as a going culd reasonably be expected to inlluenEe the econamic decisions ot. vsers thken otx the bas￿ ot these fLmattiial statemettts. I￿eBUla￿lies. I￿lIuding fraud. aT¢ inStancLs of nott-complian¢¢ with laws and regulaiions. The objtxtiv¢s of our audii ar¢ 10 obtatij svtlitient appropriate audii evidenc¢ regard￿% compliance with laws and regultsits￿ th31 a dircct efteci on the determination of matirial amounty and di5Llosllres in th¢ finanbial sta*meThL%, 10 perform oudit procedures to help tdeniify inS￿nCeS Ot-llQll-compli4nce ivith othei. laws ind regul#tions that knave a ma￿la1 etfeci on the tiAtitttiJl stst¢Tnents. and r¢spoDd appTopriat¢ly to idelliified or Suspect￿ JJoll-cornplianL¢ with law8 and regulatioTrs identifi¢d duting the audit. In ttlaliun 10 fraud, the objeclives of our audit are 14) idtulify and as$¢ss the risk of material misststemerti of the f￿all¢la1 staiernellly due to frgud, lo obtain suffiLi¢ni appropriaie audit evidenc¢ re¥arding the aSse￿¢d risks of mateTial mi¥state￿en1S due to fiaud thmugh designing and implementing aPPTOPri8t¢ Tesponses and res￿nd appTDpiiately lo fraud OT su5￿cted fraud identified duriiig thc twdii. How¢Tr¢r il i5 th¢ PTIm￿ resp)nsibiliiy ol'mJtt#8eAll¢nt, with Ibe oversiehi of those chatged goveJ]Jant4 to ¢nsur¢ that th¢ rthty's OP¢rntions art conducied in aL*ordattc¢ with the proi'isions of laws and r¢gulation5 and for th¢ prci'cntson and ￿*￿e￿On of traud. In identifying and assessing the risks tsl-nk21¢1ial llus51Jlemeni ID respect iil'irregultirities. fraud. the audii engagemelll team made cnquirie% of mathag¢mwt. and those chary¢d with ¥overnanLe. regarding th¢ proLedures relating to identifying, ¢v4lualsng ¥]Jd complying %viih,' laws and regulations glld wh¢¢berthty were awdre of any instance5 of noD-CQ]nplian¢¢: derectittg ènd r¢5poiiding to the risks of fraud wheth¢r th¢y have kn¢Jwledge of atsy a¢M¥l. $uSp￿ted or alleged fraud.. 3. the inletnal Cl￿trOl5 e51abli5hed io JJJitigai¢ ri$ks r¢lalcd tL) fraud or llvn-COtnpliaJJce with laws and ￿tu[￿li￿n$., As a resuli of these proeedur¢s we c4Jnsid¢r Iht most si￿￿ricant laws and re8￿]￿11￿n$ thai have a diRct Inip3cI th¢ fmaDcial Blatem￿ls are FRS 102. G¢n¢rnl Data Prote¢tiotr Regulatioms, Charities ALI 2011. Charities Siatrn¢nt of R￿0￿1￿c￿ded PrAclice And ¢mploymenl law and re¥ulHtion5. W¢ p¢rlomied audil pr**Fixed asset**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amount flling due within one**
**year**
**14**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts flling due after more**
**than one year**
**15**
**Net assets**
**Income funds**
Restricted fnds
**17**
Unresticted fnds
Designated fnds
**18**
General unrestricted fnds
z_2 •_|**2022**
£
£
3.101,984
54,143
313,426
367,569
(137.466)
230,103
3,332,087
{402.422)
2,929,665
2,226,947
397,783
304,935
702,718
2,929,665
_t' .z : _|**2021**
£
55,930
321,301
377,231
(116.907)
262,931
297.182|£
3,083,087
260,324
3,343.411
(479,895)
2,863,516
2,303,403
560,113
2,863,516| |---|---|---|---| **eJubilee** page 12 JUBILEE COMMUNITY CHURCH (EG) CIO STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2022 2022 2021 Nolts C&8h flow5 from op¢r*tffillg aetii'itit5 C•h qenerJl¢d trom opcrn¢ions 21 147.046 Ini'esting xctivitits Purch￿£ ol'u¢ib)ible fixed a5SetS 169.8131 Net eash ￿ed In Investing *ctiviti¢i 169.81il Fli%n¢lng ¥rtiVitie$ Repa)Thml ofbank loalls 176.0531 16S.499 Net used in firtArttillg atlivitie$ 17fi.0S_I 168.499) Net IdEcreaselllncJT¥s¢ IN ¢4sh **d ¢ash t4uivalrn1g 17.8751 17.0?9 C95h cash equii'alents dl beginning ol-year J21,301 3Jbtttuniiy C¢JJtre= To make repll1￿ and otrhcr r¢furbishTnent$ reouired 10 m#k¢ the Jubilee Community Centre fit for use by th¢ church; but not forthe followillg-. Routint maittienanct arising from use ot the Jubiltt Community Ccntr¢ Desagllat¢d fuDds ar¢ LU]restriafd fun￿ Carn￿[k£d by th¢ trusie¢s forpaTticularpuryoscs. Jubilee pag¢ 14 ,IUBILEE COMMUNITY CHURCH {LG) CIO OTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EhTDED 31 AUGUST2022 AtCOUDtiDE poli¢ies (Co￿tinUed1 1.4 1￿C￿e Voluntary inctsrne receii'td by way of doLa¢iuns, l¢gaci¢s 8nd other gifts is includrd in ￿1[ in th¢ Stat¢￿ent of Fittancia] A¢liviti¢s when ree¢iv¢d. Volunt&ry Incotne Tec¢iv¢d by way of grdn($ 15 included in the sta*m￿l of Finttncial Acliviiies en there is evidettce of ¢niirlrnKnt lo the ¥ront, receipt 1.4 probable. and its aItioiJrLt catt be me&s￿a reliably. Income from leases and slwrt-le￿ room hiTe is Ttcognised overth¢ period of the lea5e'kniTE. GillAid is r¢cognistd as income ill th¢ bame period as th¢ donaiions ID which it r¢lai¢s. Othlr trading activiti¢s illtludc things suth as $ales frorn the cafe, drink5 sold at rttfptioll. inGo]n¢ from th¢ hub ¢tkn. 1.5 ExpeDdilure Liabilities are recognised expettditure as soon ts.. Ili¢rt is A I¢8￿ QT ronsiru¢livt obligation CQTtllnilting Ihc chaTity lo that cxpC￿l1UFc. it Is probable that seiflement will bc TcquifLd. and th¢ #moulll of the obl￿￿110￿ cwi be rneasured reliably. Suoport and ¥Trovern#nce costs. which irjtlude tosts ttnd legAI ottd staiuiory eosts in¢llncd ith Nnnittg the Chariry. are a1￿Cated to tach Ch￿ilable aLtiviry based on tini¢ spenLOll each aciii'ity. No sUPPOrt or govfmanLL' Costs are allocared 10 Lnislry gilts. 1.6 Tan%lbJE fixed J55ets FT¢ehold land and buildings ate rectsgnised at historic Cost in th¢ a¢¢ounts. Cost Inoludey the purchase PTiLY and Telated cxpeLdibJre, logethth with the t051 of the ￿lts￿L r¢deirelopm¢ni of and subsequellL imP￿veMet￿ 10 the lattd and buildings. Ltho is not Ikprecialcd. Buildings are d¢pTtciaicd. in ordet that th¢ dAff¢ren¢¢ beh¥tttt their tOSL and estsmaied resÈdual i.lue is charged ￿ ih¢ SOFA eirthly oi'trthe estimated u5tful life of4D vcars. The residual valiie is estimated to be the currenl QPEn tmarket value, wliith ig Itss than iht hisiorie cosL In tbc thjstees, judgement. the historic CQ5t fairly r￿reSentS th¢ va]ue of th¢ land and building5 a5 a rhwty'h and a ¢ornmunity Lellttt. Ivhereas the nwkel Yalut rEpr¢selli% thc valuc olth¢ land and buildings wh¢D they ar¢ no long¢r usetui for this PU4￿se. All other asset5 wilh an aequisition coyi L>xcccding £SIM) are capifalised at ih¢iT Original c05t. Donat¢d ax%er8 are included in tixed assets ai v5Jluaiion ai the d4t¢ re¢¢]v￿. where Ib¢ valuauon exe¢¢ds £500. There were no ath]itiong for this y&ir. Dcpteciauon Js provided on equipment and fumibjrc only ai rOLfS io wrilo off the of ¢aGh as5¢1 ovw its e&iittJ*L ustfijl life uSi￿g the raies sti0￿ b¢loiv. Frrthold 1oJd #nd buildings Builling fixtU￿g Music equipment FiKWWS tsnd tit¢irtgs Cornpuitts 40 years lo.￿0 p.a. 12.5°¢ P. 25.￿￿9 p.a. 1.7 lrypalrment of fix¢d assets Ai ¢ach Irp)rtiD¥ ¢tLd ddlt. die ch￿lty ttviews the caryillg anoullrs of its ian8ibl¢ 8ss¢ts to drle¥mine Ivhtther Iheie is any indteation that thos¢ assds hait sutTLfLd an impaimi¢nt l0&8. If any such indi¢ation ¢xists, the re¢ov¢Able amount of thE assti is egtimatcd ill ord¢r to dclernJiLe the ¢xl¢ntot'th¢ imp&iirnent loss {if 3nyl. 1.8 ¢*5b equlv*lentS C￿h and cash ¢quii'al¢nt5 TnrludE ¢4sh in hwJ(L d¢po$its held Bt call with battk$. (Trthef short-ierni liquid lnv¥stni￿ts witb ori¥inal ma¢uriti¢s of ¢hE¢¢ r￿A[h8 or IGSS, and bonk OiT¢rdrafis. B#nk overdratL8 are showtx within P￿0w1n8$ in current Jubilee JUBILEE COMMUNITY CHURCH (EG> CIO NOTES TO THE FINANCIAL STATEMEIIryS {COIYTINUED) FOR THE YEAR ENDED 31 AUGUST2022 eeounring poli¢ie$ {Corttinuel) 1.9 FRllan¢h*l In$trvtn¢Dts A fLI￿n[la] In51tu]nEn( is a Eontraa that gives rise lo a finattci41 asset of entity 3Dd a tIna￿ClaI liabiliry or tquity Inbtrnment of onoihcT entlLy. This illclth loans on commerLial ieTms &$ J¢scriba4 belo￿. In addition. ¢ash 91 bank ¥md in hxnd is illiiially recorded und subscqu¢lllly m¢asur¢4J ￿ face value, tradt dtbtorg trade erÈditors are initi4lly reLorded xt the Ir#nsaaion valw. alld subsequently inLasuiEd ￿ traTr5achon %'aluE I¢ss payrn¢nts on amounL and in ih casc of trade d¢biors les5 any provision for i[np&itm￿l. 1.10 Taiation The thdriiy i$ exempl fron] co￿ratiOn tax on Jls charJtJble activiti¢¥. 1.11 Rdir¢Thwtt benefjts P¥yiJeii(s Iv der￿Ed Gviitributloll Tdir¢tll¢nt bcttfii schc￿e5 charged as an expEllS¢ as th¢y f311 due. 1.12 Ethplo)ec bETrefits Employee benefits ￿. i¢cognis¢d iTh the period to iyhicb they relate. ThL LY>St of any unused holiday entiil¢mL%nl 15 reco8nised In the period in which th¢ ¢mploy¢¢'s S¢TViC¢S arc trL¢ii'ed. TL'trnjnit tioTr b¢n¢fits ar¢ T¢cognis¢d Imm￿)*¥1Y as art expense when th¢ charity is demon51rably commitsed to trmiina e #mploymeDI of an ¢mployc¢ or tsj provide itrmiiiation bcDEfits. J.I.I VAT VAT is partially recoverable Un buildirtg ￿Tr8t8 inclLdinB the develfrpm¢nt and nU￿lrtg th¢r Ihall 10 finattcial rL￿trum. TheTcfoTe all of these loans are i'a]ued at the amount paid or r¢iiivid by th¢ ¢h4rity. 1¢59 4nv tepaymenis, plus intere&l (if 8nyl a¢cru¢d on the loan, and tillth¢radjusied dowllwards it netessary for atty iJllpgim)evL l.oans on commet¢ial t¢rms ar¢ rtGorded iti rtL¢ balanctr sh¥£t 21 the athouttt oti8inaily botrowed Intet¢st payablc on $uth loans is charged 10 the SOFAbas¢d oll the period 10 wbieh it relaie5. Jubllee pRBe 16 JUBILEE COMMUNITY CHURCH (EG) CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 21122 Critie4] acr•Nntirtg Mtkn*tES aDd juogemettts Th¢ prcparation of financial staierneft￿ reouires tht use of aLcouiiting ¥stimates and 9ssumptions by the trustees. It Jlso ryiir¢s Iru51ees 10 exercise their jUdble￿enI the PThKeSb Ot applyin8 the attoullltiJgpoli¢i¢s. In the judgemeni ef thi ttlJSl¢¢8. thr tsei'hold land and buildings dre held primarily for op¥rational use by U￿rity. At pr£setti no¢ all of (be prop¢rty has b¢¢n deTr'eloped to thc charity's reqU1￿men1$. and th¢ Emde}'elo￿d seetion is l¢a5d lo a 3, partv. H1>W￿"t￿. IhLS Is a sh(prt trrrn mcasure pending rhe availability of funding for Tedth'¢lopm¢#L and this seaion of di¢ propety dotts not coostitute an investsne]Ll pMputy. The tnisl¢¢S' estimates ofthe USLful life atld tesidual value of the fr¢¢hohi lalld aLdbuilditw are discussed bclvw. The Irustees d(Tr llnt CUllbid