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← Jubilee Community Church (East Grinstead)

2025-08-31-accounts

Charity registration number 1153068 (England and Wales)

JUBILEE COMMUNITY CHURCH (EG) CIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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JUBILEE COMMUNITY CHURCH (EG) CIO

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees M E Harvey
H Baptist
N Down
C M Payne
F Straszynski
J B Holbrook
S J Gunter
Charity number 1153068
Principal address Jubilee Community Centre
Charlwoods Road
East Grinstead
West Sussex
RH19 2HL
Auditor Richard Place Dobson Services Limited
1-7 Station Road
Crawley
West Sussex
RH10 1HT
Bankers Lloyds TSB Bank Limited
Commerical Banking Division
25 Gresham Street
London
EC2V 7HN
Solicitors ASB Law
Innovis House.
108 High Street
Crawley
West Sussex
RH10 1AS

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JUBILEE COMMUNITY CHURCH (EG) CIO

CONTENTS

Page
Trustees report 1 - 4
Statement of trustees responsibilities 5
Independent auditor's report 6 - 8
Statement of financial activities 9 - 10
Balance sheet 11
Statement of cash flows 12
Notes to the financial statements 13 - 26

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JUBILEE COMMUNITY CHURCH (EG) CIO

TRUSTEES REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The trustees present their annual report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charities Act 2011 and 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) (effective 1 January 2019).

Objectives and activities

When approving the charity’s objectives the trustees are aware of the Charity Commission’s guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the charity.

The trustees believe that by further advancement of the Christian faith and by supporting chosen Christian or charitable institutions or work, the charity can provide a benefit to the public by:

The Charity’s Primary Objects are:

To further the advancement of the Christian faith in the United Kingdom and overseas by

Principal Activities

Donations by the charity are made at the discretion of the elders in consultation with the trustees. These donations are usually based on relationship / affiliation rather than being made to unrelated third parties.

The charity is dependent upon a number of factors outside its control, which may adversely affect the achievement of its objectives:

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page 1

JUBILEE COMMUNITY CHURCH (EG) CIO

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Achievements and performance

We are a community of people who love God and are seeking to love one another and our community.

We aim to achieve this in various ways including children’s activities and family-focused events alongside our Sunday services. Our youth outreach remains strong, offering Sunday and midweek meetings, trips, summer camps, and open youth groups. Similarly, our programs for those over 65s continue to thrive, featuring social gatherings, study groups, and short mat bowls, all supported by our excellent centre facilities.

The Jubilee Hub, launched in 2018, continues to flourish as a daytime social gathering for individuals who face challenges in connecting with their community. This initiative, which is particularly beneficial for adults with additional needs, fosters friendships and support.

Through the following ‘Jubilee Initiatives’, we encourage supporting and also volunteering in broader community projects:

The Jubilee Community Centre, which has been open for over 15 years, continues to fulfil its original vision. Our aim is that the centre will enhance the quality of life for local people by providing educational, recreational, health, well-being, and leisure opportunities. In addition, we offer bright, clean, flexible rooms for boardroom meetings, seminars, workshops, training conferences, rehearsals and sports activities.

Currently, the centre hosts more than a thousand visitors each week, serving as a vital hub for church and community activities. Rooms are made available for various activities including counselling which is offered through the charity Arise. We also host other activities including choirs, dance classes, fitness groups and a baby and toddler group. In addition we have a thriving café based at the centre.

Additionally, we invest in global gospel outreach, partnering with churches in other nations to support church planting, leadership development, and compassionate programmes for the poor.We are dedicated to inclusivity, honour diversity and practice sustainability as faithful stewardship of God's creation.

Beyond fostering Christian discipleship and training, we encourage members to join one of the many church teams, with a large proportion of adult members engaged in this way.

Staffing & Volunteers

The charity employs 24 staff, including three of the church’s senior leadership team, one 0-18s co-ordinators, a centre manager, caretaker, finance manager, two church administrators and two part time receptionists to assist with the running of the community centre.

The church is also heavily dependent on volunteers who freely give their time to enable many of the charitable activities and church ministries to take place. However, we remain delighted at the large number of individuals who do support the charity in this manner.

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page 2

JUBILEE COMMUNITY CHURCH (EG) CIO

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Financial review

The charity received total income of £682,298 during the year ended 31 August 2025. This compares to £688,189 during the previous year.

Income included £74,257 tax refunded on giving under the Gift Aid Scheme and lease and rental income of £162,250 from the Jubilee Community Centre. The vast majority of the remaining income was received from members of Jubilee Community Church on a voluntary basis.

Of the total revenue expenditure of £701,181, £341,503 (49%) related to staff costs, £101,390 (14%) was granted to individuals or organisations external to Jubilee Community Church in pursuit of the objects of the charity, and the remaining 37% covered training and conference costs, building maintenance and other church administrative costs.

The charity suffered a deficit of £18,883 in the year, compared to a deficit of £23,269 in the previous year.

Net current assets at 31[st] August 2025 were £26,191 (2024: £82,334).

Reserves brought forward from 2024 totalled £2,864,121. These decreased to £2,845,238 by 31[st] August 2025 of which the majority was designated Building Funds tied up in the Jubilee Community Centre.

The reserves are divided between Restricted funds totalling £42,758 and Unrestricted funds totalling £2,802,470, of which £337,583 are General funds and £2,464,897 are Designated funds (primarily the Building Designated Fund), which is used for the maintenance and general running costs of the building throughout the year. The General Fund balance is managed to ensure that the charity holds the minimum of three months operating expenses as required under the Trustees’ risk management policy. At 31[st] August 2025, the General funds represented 7 months of unrestricted operating expenses. The church has significant expansion plans including development work in adjacent villages to East Grinstead.

Plans for future periods

Our core objective remains to focus on activities that enable the spread of the Christian gospel through local church communities, both in the UK and overseas. We hope to see our membership and attendance grow further during the course of the next 12 months, with our focus on reaching all ages.

We will also continue to invest in the Jubilee Community Centre, in order to maximise the benefit to the local community, maximise our income and accelerate our debt repayment if income permits.

Structure, governance and management

The trustees who served during the year and up to the date of signature of the financial statements were:

M E Harvey

H Baptist N Down C M Payne F Straszynski J B Holbrook S J Gunter

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page 3

JUBILEE COMMUNITY CHURCH (EG) CIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 The charity was r¢gist¢r¢d on 25 July 2013 and is governed by its constilution dxt¢d 25th July 2013 and amended on 51b January 2014. The governing document provides for a minimum of thre¢ trnstees, ii,ho must be members ofjubilcc Community Chur¢K East Grinstead. to admini51er and manag¢ the chariry constituted as a charitable incorporated organisation {ClOI. At every annual gcneral meeting of the members of the CIO, subsequent to the first AGM. one-third of the ciwity trustees shall retire from otrice. Th¢y can then be reappointed or ne￿, trustec5 appointed. The body of trn51ces WOTks very closely H'ith the senior leadership of Jubilee Community Church. Whilst upholding their legal responsibiliiies. the tsustees look to the church leadership team for oN'erall vision and direciton. Jubilec Commwiity Church is affiliated io the 'New Ground. family of churches and th¢ senior leadership of the chuTch looks to certain other leaders in this wider cornmunity for personal and spiritual insigh¢ &s well as taking adyice on governance stDJCtures and issues. The trnstees operate 8 child prote¢tion and vulnerable persons. policy and perform routine risk assessments for all ¢hurcb activities. Health and safery Consideration is given lo staff and the public environrnents in which the church operates. New trustees are provided with infoTmation on the charity's objectives. activities and recent f￿anCIal position. They attend trusiee meetings as an observer to eDable thern Io UDderstand their Icgal role and reswnsibilities Risk MallagemeD¢ Thc trustees have ass¢ssed th¢ major risks to which the charity is exposed and ar¢ satisfied that systems are in place to mitigaie exposure to the major risks. Th¢ trustees have a risk n]anagement strategy that compri5es.' an ar￿Ual review of the risks thai the CIO mighi face: the establishment of systems & procedures to mitsgate those risks identifi¢d in the plan: and the implementation of procedures designed to minimise aDy poleniial impact on the CIO should those risk% matcrialisc. A key element in the management of financial risk is the setting of a resetves poltcy and ils regular review by th¢ trustees. As a consequence of thc purchase of the ¢hur¢h building, the CIO has entered into a comTn¢rcTal loan a¥r¢¢m¢nt io fund Ihe purchase and ihe trnstees will not hold extensive cash rcscrvc5 in CUTrent and deposil accounts that might othenvise offscl borrowing. Th¢ CIO will. however. retain sufficieTbi funds to ¢ov¢r three months. operdting expense5. The trustee5 have taken the appToach to pr¢serv¢ ¢L8h where wssible and considered sensible to do so. whilst also balancing the church's aims and obje¢iiv¢s to be generous where appropnate and provide for th¢ poor. The trustees report was approved by th¢ Board of Trustees. J B Holbn)ok Trustee Trustee Date.. page 4 Ju￿EE '"OPAMVMtrY

JUBILEE COMMUNITY CHURCH (EG) CIO

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 31 AUGUST 2025

The trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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page 5

JUBILEE COMMUNITY CHURCH (EG) CIO

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF JUBILEE COMMUNITY CHURCH (EG) CIO

Opinion

We have audited the financial statements of Jubilee Community Church (East Grinstead) the charitable incorporated organisation for the year ended 31 August 2025 which comprise of the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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page 6

JUBILEE COMMUNITY CHURCH (EG) CIO

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF JUBILEE COMMUNITY CHURCH (EG) CIO

Responsibilities of trustees

As explained more fully in the statement of trustees responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatements due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity’s operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud, the audit engagement team made enquiries of management, and those charged with governance, regarding the procedures relating to identifying, evaluating and complying with;

  1. laws and regulations and whether they were aware of any instances of non-compliance;

  2. detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

  3. the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, General Data Protection Regulations, Charities Act 2011, Charities Statement of Recommended Practice and employment law and regulations. We performed audit procedures to detect non-compliance, which may have a material impact on the financial statements. These included reviewing financial statement disclosures and evaluating advice received from external advisors. There were no significant laws and regulations we deemed as having an indirect impact on the financial statements.

  1. Revenue recognition - this was tested substantively for rental and lease income, we performed proof in total testing over grant income

  2. Management override of controls - we reviewed management accounts and large journals to discover any evidence of management override

  3. Valuation of freehold buildings - this has been tested by reviewing the depreciation calculations and the residual value assumptions made by the Trustee's to market data.

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page 7

JUBILEE COMMUNITY CHURCH (EG) CIO

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF JUBILEE COMMUNITY CHURCH (EG) CIO

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/ auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Richard Place Dobson Services Limited

Chartered Accountants .........................28/01/2026 1 - 7 Station Road Date Crawley West Sussex RH10 1HT

Richard Place Dobson Services Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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page 8

JUBILEE COMMUNITY CHURCH (EG) CIO

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

Current financial year
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2025
2025
2025
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
333,431
-
109,142
Charitable activities
4
185,560
-
-
Investments
5
54,084
-
-
Other income
6
81
-
-
Total income
573,156
-
109,142
Expenditure on:
Charitable activities
7
577,030
31,717
91,425
Other expenditure
12
1,009
-
-
Total expenditure
578,039
31,717
91,425
Net income/(expenditure)
(4,883)
(31,717)
17,717
Net movement in funds
9
(4,883)
(31,717)
17,717
Reconciliation of funds:
Fund balances at 1 September 2024
342,466
2,496,614
25,041
Fund balances at 31 August 2025
337,583
2,464,897
42,758		 Total
2025
£
442,573
185,560
54,084
81
682,298
700,172
1,009
701,181
(18,883)
(18,883)
2,864,121
2,845,238		 Total
2024
£
446,994
181,353
59,545
297
688,189
711,458
-
711,458
(23,269)
(23,269)
2,887,390
2,864,121

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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page 9

JUBILEE COMMUNITY CHURCH (EG) CIO

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

Prior financial year
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2024
2024
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
428,176
-
18,818
Charitable activities
4
179,853
-
1,500
Investments
5
59,545
-
-
Other income
6
297
-
-
Total income
667,871
-
20,318
Expenditure on:
Charitable activities
7
648,429
31,717
31,312
Total expenditure
648,429
31,717
31,312
Net income/(expenditure)
19,442
(31,717)
(10,994)
Transfers between funds
(11,282)
-
11,282
Net movement in funds
9
8,160
(31,717)
288
Reconciliation of funds:
Fund balances at 1 September 2023
334,306
2,528,331
24,753
Fund balances at 31 August 2024
342,466
2,496,614
25,041		 Total
2024
£
446,994
181,353
59,545
297
688,189
711,458
711,458
(23,269)
-
(23,269)
2,887,390
2,864,121

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page 10

JUBILEE COMMUNITY CHURCH (EG) CIO BALANCE SHEET ASAT31AUGUST2025 21125 2024 Notes FlIed assets Tangible assets 14 2,975,509 3.014.753 Current assets DebtOTS Cash at bth and in hand 15 30,050 114241 28.079 178,365 144291 2(kn.444 Credltors: amounts f*lling du¢ within one year 16 (118.IIKII (124.1101 Net current as$e¢$ 26,191 82,334 Total is$ets less current liabilities 3,IY)1,700 3,097.087 Creditors: Amounts falling due after more thall one year 17 (156.462) (232.966} Net Assets 2.845.238 2,864.121 The fuNd$ of the charity Restricted income funds Unrestricted fi￿d5- general Unrestricted knnds- designated 20 22 42,758 337.583 2,464,897 25.041 342.466 2,496.614 2.845.238 2,864,121 ial atements were approved by the trustces on ..?Ln4..7fi.fvJuarf y 2 0 2 6 M E Harvcy Trustee J B Holbrook Trustee pagell COMMUMtrY

JUBILEE COMMUNITY CHURCH (EG) CIO

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

Notes
Cash flows from operating activities
Cash absorbed by operations
26
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed assets
Investment income received
Net cash generated from investing activities
Financing activities
Repayment of bank loans
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(17,820)
960
54,084
(70,811)		 2024
£
£
£
(30,537)
(17,991)
(8,680)
-
59,545
37,224
50,865
(104,413)
(70,811)
(104,413)
(64,124)
(71,539)
178,365
249,904
114,241
178,365

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page 12

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Charity information

Jubilee Community Church (East Grinstead) is a Charitable Incorporated Organisation, registered with the Charity Commission for England and Wales (number 1153068), principal address as set out on page 2. The charity constitutes a public benefit entity as defined by FRS102.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charitable Incorporated Organisation (CIO) association constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The CIO is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the CIO. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention in accordance with applicable UK accounting standards and follow the recommendations in Statement of Recommended Practice: Accounting and Reporting by Charities (SORP FRS102) effective 1st January 2019.

Basis of consolidation

The charity has taken advantage of the small groups exemption to not prepare consolidated accounts. Therefore, these accounts are for Jubilee Community Church (East Grinstead) CIO and do not include the results of Jubilee Community Cafe CIC Limited.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds arise from offerings, donations and other income generated for the objects of the charity without further specified purpose and available as general funds.

Restricted funds are to be used for the specific purposes as laid down by the donor and may not be used for any other purpose.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

1.4 Income

Voluntary income received by way of donations, legacies and other gifts is included in full in the Statement of Financial Activities when received. Voluntary income received by way of grants is included in the Statement of Financial Activities when there is evidence of entitlement to the grant, receipt is probable, and its amount can be measured reliably.

Income from leases and short-term room hire is recognised over the period of the lease/hire.

Gift Aid is recognised as income in the same period as the donations to which it relates.

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page 13

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Liabilities are recognised as expenditure as soon as:

Support and governance costs, which include staff costs and legal and statutory costs incurred in running the Charity, are allocated to each charitable activity based on time spent on each activity. No support or governance costs are allocated to Ministry gifts.

1.6 Tangible fixed assets

Freehold land and buildings are recognised at historic cost in the accounts. Cost includes the purchase price and related expenditure, together with the cost of the initial redevelopment of and subsequent improvements to the land and buildings.

Land is not depreciated. Buildings are depreciated, in order that the difference between their cost and estimated residual value is charged to the SOFA evenly over the estimated useful life of 40 years.

The residual value is estimated to be the current open market value, which is less than the historic cost. In the trustees’ judgement, the historic cost fairly represents the value of the land and buildings as a church and a community centre, whereas the market value represents the value of the land and buildings when they are no longer useful for this purpose.

All other assets with an acquisition cost exceeding £500 are capitalised at their original cost.

Donated assets are included in fixed assets at valuation at the date received, where the valuation exceeds £500. There were no additions for this year.

Depreciation is provided on equipment and furniture only at rates to write off the cost of each asset over its estimated useful life using the rates set out below.

Freehold land and buildings 40 years
Building fixtures 10.0% p.a.
Music equipment 12.5% p.a.
Fixtures and fittings 25.0% p.a.
Computers 33.3% p.a.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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page 14

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11 Employee benefits

Employee benefits are recognised in the period to which they relate.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 VAT

VAT is partially recoverable on building costs including the development and running of the Jubilee Community Centre. The recoverable VAT is calculated on a building usage basis as income generated from the leasing and rental of the building is vatable. The irrecoverable VAT is included within management and administration expenses in the Statement of Financial Activities.

1.13 Gifts and donations payable

Gifts and donations are payable to other charities and good causes with which the charity is affiliated. The amount donated is at the discretion of the Church Elders and is recorded in the Statement of Financial Activities when paid.

1.14 Beneficial loans

From time to time, the charity makes loans at below-market interest rates. These loans are made in order to further the charity’s objectives rather than to make a financial return. Similarly, the charity sometimes receives loans at belowmarket interest rates. These loans are made in order to further the lender’s charitable purposes rather than to make a financial return. Therefore all of these loans are valued at the amount paid or received by the charity, less any repayments, plus interest (if any) accrued on the loan, and further adjusted downwards if necessary for any impairment.

Loans on commercial terms are recorded in the balance sheet at the amount originally borrowed. Interest payable on such loans is charged to the SOFA based on the period to which it relates.

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page 15

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

2 Critical accounting estimates and judgements

The preparation of financial statements requires the use of accounting estimates and assumptions by the trustees. It also requires trustees to exercise their judgement in the process of applying the accounting policies.

In the judgement of the trustees, the freehold land and buildings are held primarily for operational use by the charity. At present not all of the property has been developed to the charity’s requirements, and the undeveloped section is leased to a 3[rd] party. However, this is a short term measure pending the availability of funding for redevelopment, and this section of the property does not constitute an investment property.

The trustees' estimates of the useful life and residual value of the freehold land and buildings and the depreciation charged on these assets are an estimate based on the Trustee's best judgement.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
333,431
100,822
Grants
-
8,320
333,431
109,142
Income from charitable activities
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Church ministry
Income from charitable
activities
185,560
-
Income from investments
Lease income
Interest receivable		 Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
434,253
428,176
16,818
444,994
8,320
-
2,000
2,000
442,573
428,176
18,818
446,994
Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
185,560
179,853
1,500
181,353
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
51,592
53,953
2,492
5,592
54,084
59,545		 Total
2024
£
444,994
2,000
446,994
Total
2024
£
181,353
59,545

4 Income from charitable activities

5 Income from investments

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page 16

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

6 Other income

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Other income 81 297

7 Expenditure on charitable activities

Church
ministry
2025
£
Direct costs
Staff costs
120,121
Depreciation and impairment
-
Sundry
1,399
Photocopying, printing and publishing
12
Supplies and stationery
3,935
Office purchases
1,971
Conferences and training
2,285
Special events
14,916
Small equipment
313
Telephone & computer costs
8,833
Travel and refreshments
3,239
Ministry gifts
-
Utilities
-
Premises hire
1,151
158,175
Share of support and governance costs (see note 8)
Support
20,557
Governance
2,795
181,527
Analysis by fund
Unrestricted funds - general
176,529
Unrestricted funds - designated
-
Restricted funds
4,998
181,527		 Youth
projects
2025
£
109,550
-
84
-
-
13
1,341
21,888
12
-
25
-
-
-
132,913
17,194
2,338
152,445
152,445
-
-
152,445		 Gifts
Building
2025
2025
£
£
-
98,369
-
55,094
-
1,254
-
-
-
954
-
10,330
-
-
-
763
-
2
-
2,537
-
-
101,390
-
-
37,697
-
10,843
101,390
217,843
13,142
28,204
1,787
3,834
116,319
249,881
40,242
207,814
-
31,717
76,077
10,350
116,319
249,881		 Total
2025
£
328,040
55,094
2,737
12
4,889
12,314
3,626
37,567
327
11,370
3,264
101,390
37,697
11,994
610,321
79,097
10,754
700,172
577,030
31,717
91,425
700,172

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page 17

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

7
Expenditure on charitable activities
Previous year:
Church
ministry
2024
£
Direct costs
Staff costs
106,664
Depreciation and impairment
-
Sundry
37
Photocopying, printing and publishing
56
Supplies and stationery
5,201
Office purchases
2,046
Conferences and training
3,872
Special events
14,165
Small equipment
376
Telephone & computer costs
7,857
Travel and refreshments
1,529
Ministry gifts
-
Utilities
-
Premises hire
1,415
143,218
Share of support and governance costs (see note 8)
Support
17,280
Governance
3,505
164,003
Analysis by fund
Unrestricted funds - general
162,743
Unrestricted funds - designated
-
Restricted funds
1,260
164,003		 Youth
projects
2024
£
106,383
-
5
-
-
-
262
21,958
-
-
351
-
-
-
128,959
15,241
3,091
147,291
147,291
-
-
147,291		 (Continued)
Gifts
Building
Total
2024
2024
2024
£
£
£
-
108,308
321,355
-
54,332
54,332
-
954
996
-
1,745
1,801
-
1,105
6,306
-
-
2,046
-
24
4,158
-
855
36,978
-
16,414
16,790
-
2,789
10,646
-
-
1,880
84,551
-
84,551
-
61,403
61,403
-
18,255
19,670
84,551
266,184
622,912
9,992
31,104
73,617
2,026
6,307
14,929
96,569
303,595
711,458
66,517
271,878
648,429
-
31,717
31,717
30,052
-
31,312
96,569
303,595
711,458		 (Continued)
Gifts
Building
Total
2024
2024
2024
£
£
£
-
108,308
321,355
-
54,332
54,332
-
954
996
-
1,745
1,801
-
1,105
6,306
-
-
2,046
-
24
4,158
-
855
36,978
-
16,414
16,790
-
2,789
10,646
-
-
1,880
84,551
-
84,551
-
61,403
61,403
-
18,255
19,670
84,551
266,184
622,912
9,992
31,104
73,617
2,026
6,307
14,929
96,569
303,595
711,458
66,517
271,878
648,429
-
31,717
31,717
30,052
-
31,312
96,569
303,595
711,458
622,912
73,617
14,929
711,458
648,429
31,717
31,312
711,458

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page 18

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

8
Support costs allocated to activities
Staff costs
Bank charges
Mortgage and bank loan interest
Insurance
Bad debt
Building maintenance
Governance costs
Analysed between:
Church ministry
Youth projects
Gifts
Building
Governance costs comprise:
Audit fees
Accountancy
Legal and professional
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets		 2025
£
13,463
2,031
20,136
12,894
(881)
31,454
10,754
89,851
23,352
19,532
14,929
32,038
89,851
2025
£
7,000
1,353
2,401
10,754
2025
£
7,000
55,094
1,009		 2024
£
6,546
3,429
32,256
13,083
125
18,178
14,929
88,546
20,785
18,332
12,018
37,411
88,546
2024
£
7,500
5,145
2,284
14,929
2024
£
7,500
54,332
-

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page 19

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

10 Trustees

No trustee received any remuneration for their duties as a trustee or for any other services provided to the CIO other than:

Mrs Hannah Baptist's husband, Daniel Baptist, is employed as Lead Pastor. During the year ending 31[st] August 2025 he received salary payments and pension contributions totalling £55,102 (2024 - £51,003).

Mr Nathan Down’s wife, Natalie Down, is employed as Pastoral and Communications Administrator. During the year ending 31 August 2025 she received salary payments and pension contributions totalling £10,235 (2024 - £9,310).

Mr Sam Gunter's wife, Holly Gunter, is employed as the Building Manager. During the year ending 31 August 2025 she received salary payments and pension contributions totalling £11,834 (2024 - £9,662)

No trustee received any expenses.

11 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
21 24
Employment costs 2025 2024
£ £
Wages and salaries 313,214 302,672
Social security costs 17,184 17,621
Other pension costs 11,105 7,608
341,503 327,901

Key Management Personnel

The trustees consider five members of staff to be key management personnel (2024:four members including one unpaid) . The total employment benefits of key management personnel were £185,748 (2024: £131,184).

There were no employees whose annual remuneration was more than £60,000.

12 Other expenditure

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Net loss on disposal of tangible fixed assets 1,009 -

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

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page 20

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

14 Tangible fixed assets

Freehold land
and buildings
Building fixtures
£
£
Cost
At 1 September 2024
3,197,681
267,844
Additions
-
15,851
Disposals
-
-
At 31 August 2025
3,197,681
283,695
Depreciation and
impairment
At 1 September 2024
268,341
210,065
Depreciation charged in the
year
31,717
14,270
At 31 August 2025
300,058
224,335
Carrying amount
At 31 August 2025
2,897,623
59,360
At 31 August 2024
2,929,340
57,779		 Music
equipment
Fixtures and
fittings
£
£
84,070
87,390
-
-
-
-
84,070
87,390
72,397
72,682
1,722
6,955
74,119
79,637
9,951
7,753
11,673
14,708		 Computers
£
34,900
1,969
(1,969)
34,900
33,648
430
34,078
822
1,253		 Total
£
3,671,885
17,820
(1,969)
3,687,736
657,133
55,094
712,227
2,975,509
3,014,753

Freehold land and buildings with a carrying amount of £2,686,516 (2024 - £2,718,233) have been pledged to secure borrowings of the charity. The charity is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

15 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
Creditors: amounts falling due within one year
Notes
Bank loans
18
Other taxation and social security
Deferred income
19
Trade creditors
Other creditors
Accruals		 2025
£
20,594
4,065
5,391
30,050
2025
£
77,891
21,673
-
3,470
4,309
10,757
118,100		 2024
£
16,689
5,891
5,499
28,079
2024
£
72,198
17,924
3,750
14,409
4,476
11,353
124,110

16 Creditors: amounts falling due within one year

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page 21

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

17
Creditors: amounts falling due after more than one year
Notes
Bank loans
18
18
Loans and overdrafts
Bank loans
Payable within one year
Payable after one year		 2025
£
156,462
2025
£
234,353
77,891
156,462		 2024
£
232,966
2024
£
305,164
72,198
232,966

The terms of repayment for the mortgage are monthly instalments starting one month from the date the funds were borrowed, and the mortgage is secured on the land and buildings at Unit 1, Charlwoods Road, East Grinstead (see note 13). Interest is payable at the Bank of England base rate plus 1.75%.

19
Deferred income
Arising from deferred rental income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 September 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 August 2025		 2025
£
-
2025
£
-
3,750
(3,750)
-
-		 2024
£
3,750
2024
£
3,750
3,750
(3,750)
3,750
3,750

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page 22

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

20 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 September Incoming Resources Transfers At 31 August
2024 resources expended 2025
£ £ £ £ £
Jubilee Initiatives Fund 4,711 13,401 (9,193) - 8,919
Christians Against Poverty (CAP) 20,299 12,110 (12,088) - 20,321
Papua New Guinea Appeal 31 - - - 31
Ukraine Fund - 220 (220) - -
Gift Days - 81,091 (69,577) - 11,514
East Grinstead Common Good
Trust - 1,120 (187) - 933
Police Property Act Sussex - 200 - - 200
East Grinstead Memorial Estate - 1,000 (160) - 840
25,041 109,142 (91,425) - 42,758
Previous year: At 1 September Incoming Resources Transfers At 31 August
2023 resources expended 2024
£ £ £ £ £
Jubilee Initiatives Fund - 10,591 (5,880) - 4,711
Christians Against Poverty (CAP) 24,722 3,500 (7,923) - 20,299
Papua New Guinea Appeal 31 - - - 31
Ukraine Fund - 527 (9,009) 8,482 -
Albania Car Fund - 1,200 (4,000) 2,800 -
Gift to the Bentons - 4,500 (4,500) - -
24,753 20,318 (31,312) 11,282 25,041

The Jubilee Initiatives Fund relates to a specific group of 3[rd] Party charities that we support on a regular basis. Transfers into this fund are made from the general fund or given specifically by members (in which case the funds are restricted).

The Christians Against Poverty Fund relates to the adoption of the local CAP Debt Centre in July 2022, which aims to provide crisis and preventative support for those in financial need. All funds received and spent are restricted.

The Papua New Guinea Appeal relates to donations received to aid the rebuilding of the village, Bagl, after it was destroyed in an act of violence.

The Ukraine fund relates to donations received to be passed on to 'Triumphant Grace', a Newfrontiers sphere in Ukraine numbering 14 Churches.

The Albania Car fund relates to donations received to be used to purchase a car for a Pastor in Albania to continue their ministry the the prisons.

The Gift Days Fund is made up of donations we receive from members twice a year, that are allocated for particular projects, with the funded projects differing each time.

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page 23

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

20 Restricted funds

(Continued)

Grants Received

A big thank you to EG Common Good Trust who granted JCC £1,120 towards equipment and establishment of a new room for our Glo Youth Club (12-18 yrs) and a library for our Mothers and toddlers group called “Little Stars”

We also acknowledge assistance from Police Property Act Fund with £200 towards a set of pool balls & cues and Craft equipment and stock for our Hub group who cater for the socially isolated, those with challenges and learning difficulties

And a further thank you to East Grinstead Memorial Estate for a Grant of £1,000 towards Boccia sports set for those with disabilities and challenge, for short mat bowls equipment for the elderly and part funding towards JCC’s hardship fund for those in crisis or rough sleeping in East Grinstead

21 Unrestricted funds - designated

These are unrestricted funds which are material to the charity's activities.

At 1 September Resources At 31 August
2024 expended 2025
£ £ £
Building Fund 2,496,614 (31,717) 2,464,897
Previous year: At 1 September Resources At 31 August
2023 expended 2024
£ £ £
Building Fund 2,528,331 (31,717) 2,496,614

The purpose of the building fund is explained within note 19.

22 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 September
2024
£
General funds
342,466
Previous year:
At 1 September
2023
£
General funds
334,306		 Incoming
resources
Resources
expended
£
£
573,156
(578,039)
Incoming
resources
Resources
expended
£
£
667,871
(648,429)		 Transfers
At 31 August
2025
£
£
-
337,583
Transfers
At 31 August
2024
£
£
(11,282)
342,466

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page 24

JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

23 Analysis of net assets between funds

Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2025
2025
2025
£
£
£
At 31 August 2025:
Tangible assets
510,612
2,464,897
-
Current assets/(liabilities)
(16,567)
-
42,758
Long term liabilities
(156,462)
-
-
337,583
2,464,897
42,758
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2024
2024
£
£
£
At 31 August 2024:
Tangible assets
518,139
2,496,614
-
Current assets/(liabilities)
57,293
-
25,041
Long term liabilities
(232,966)
-
-
342,466
2,496,614
25,041		 Total
2025
£
2,975,509
26,191
(156,462)
2,845,238
Total
2024
£
3,014,753
82,334
(232,966)
2,864,121

24 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

25 Subsidiaries

These financial statements are separate charity financial statements for Jubilee Community Church (East Grinstead) CIO.

Details of the charity's subsidiaries at 31 August 2025 are as follows:

Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
Jubilee Community Cafe CIC Jubilee Cafe N/A 100.00 -
Community
Church,
Charlwoods Road,
East Grinstead,
United Kingdom,
RH19 2HL

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JUBILEE COMMUNITY CHURCH (EG) CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

25 Subsidiaries

(Continued)

The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows:

Name of undertaking Profit/(Loss) Capital and
Reserves
£ £
Jubilee Community Cafe CIC 617 5,655

Jubilee Community Cafe CIC Limited is registered as a CIC and therefore holds no share capital. However, Jubilee Community Church (East Grinstead) CIO is the ultimate controlling party of the CIC.

26
Cash absorbed by operations
Deficit for the year
Adjustments for:
Investment income recognised in statement of financial activities
Loss on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
(Decrease)/increase in creditors
(Decrease) in deferred income
Cash absorbed by operations		 2025
£
(18,883)
(54,084)
1,009
55,094
(1,970)
(7,953)
(3,750)
(30,537)		 2024
£
(23,269)
(59,545)
-
54,332
9,701
790
-
(17,991)

27 Analysis of changes in net (debt)/funds

Analysis of changes in net (debt)/funds
At 1 September Cash flows At 31 August 2025
2024
£ £ £
Cash at bank and in hand 178,365 (64,124) 114,241
Loans falling due within one year (72,198) (5,693) (77,891)
Loans falling due after more than one year (232,966) 76,504 (156,462)
(126,799) 6,687 (120,112)

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