OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

JUBILEE CHURCH SOLIHULL

FINANCIAL STATEMENTS FOR THE YEAR ENDED

31[st] MARCH 2022

CHARITY REGISTRATION No: 1157124 COMPANY REGISTRATION No: 08991495

Jubilee Church Solihull Year ended 31 March 2022

CONTENTS

Page
Legal & Administrative Information 2
Trustees Report
3 - 7
Independent Examiners Report 8 - 9
Statement of Financial Activities 10 - 11
Balance Sheet 12
Notes to the Financial Statements 13 - 17

1

Jubilee Church Solihull Year ended 31 March 2022

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS

Charity Registration Number 1157124
Company Registration Number 08991495
Start of Financial Period 1stApril 2021
End of Financial Period 31stMarch 2022
Trustees / Directors at 30th September 2022 Robert Davey
Trevor Wilson (Resigned 25thSeptember
2022)
Jon Marshall
Stephen Mennear
Richard Floy
Registered Office 677a Warwick Road
Solihull
B91 3DA
Primary Bankers The Cooperative Bank plc
PO Box 250, Delf House, Southway,
Skelmersdale, WN8 6WT
Independent Examiners Burgis & Bullock
23-25 Waterloo Place, Warwick Street,
Leamington Spa, CV32 5LA

2

Jubilee Church Solihull Year ended 31 March 2022

TRUSTEES REPORT OBJECTIVES AND ACTIVITIES

Summary of the Purposes of the charity as set out in the governing document

The charitable objectives of Jubilee Church Solihull are:

Jubilee Church Solihull derives its name and purpose from a chapter in the Bible; Isaiah 61, with the year of the Lord’s favour being his Jubilee.

'The Spirit of the Lord God is upon me, because the Lord has anointed me to bring good news to the poor; he has sent me to bind up the broken hearted, to proclaim liberty to the captives, and the opening of the prison to those who are bound; to proclaim the year of the Lord's favour, and the day of vengeance of our God; to comfort all who mourn; to grant to those who mourn in Zion—to give them a beautiful headdress instead of ashes, the oil of gladness instead of mourning, the garment of praise…….’

Aims

To enjoy and proclaim the year of the Lord’s favour.

To make disciples - we want to become more like Jesus and teach and show others to do likewise. To plant Churches - in both the local area and overseas

To reach other nations - we are part a worldwide family of Churches. We are committed to supporting other Churches which are part of this network.

Summary of the main activities undertaken in relation to these purposes

Jubilee Church Solihull holds weekly meetings on a Sunday. There are dedicated children's and youth groups for 0 to 18 years. The majority of people within Jubilee are part of a small group. These small groups are designed to provide a context for community in the Church where people

3

Jubilee Church Solihull Year ended 31 March 2022

can get to know each other better. We consider this to be more and more important as the Church grows.

The Solihull Hub is a connection point for leaders of other churches in our local area with whom we are connected. The vision is for pastors and leaders to meet together regularly for support, encouragement, collaboration and training.

Public benefit

We have referred to the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Jubilee Community Projects Trust

The Children’s Storehouse

The mission statement for the Storehouse is ‘To demonstrate God's heart of compassion, by providing good quality second hand clothing for babies and children up to the age of eighteen, to families in need in the Solihull area and its neighbouring communities.’ During 2020-21 The Storehouse has continued to be a well-used resource. Confidentiality is an integral key to the successful operation of the Storehouse and families are treated with honour and respect. A committed team of volunteers from within the church ensures its smooth operation. The volunteers are a highly committed team who work tirelessly both with families and behind the scenes to ensure items offered are of good quality. The Storehouse continues to build positive links with the agencies who refer the families.

We have continued to build our work in the Children’s Storehouse, growing our network of referrers beyond Solihull into neighbouring Warwickshire, Coventry and Birmingham.

Organisational Structure

The Trustees meet regularly and have responsibility for the general, legal and fiscal oversight of the charity.

The day to day work of the Trust is delegated to the church leaders both paid and voluntary. This work is led by Rob Davey (Elder) who oversees day to day operations of the church, and the midweek Church groups which meet in the community.

The Church is part of the Catalyst Network of Churches. The Church leaders meet regularly with other leaders from the network both in the UK and overseas. The Catalyst Network of Churches is part of the Newfrontiers International family of Churches.

ACHIEVEMENTS AND PERFORMANCE

Summary of main achievements during the year

We successfully maintained meetings online and met most Sundays throughout the pandemic. Our Life Groups and children’s groups continued online and in-person when permitted. Xplosion TV ran through most of the year for several local schools during this period to provide support to school children until we were able to restart assemblies in-person from March 22.

Following the loss of our premises in July 2021 we shut down over August until we were able to secure a new meeting place which we achieved at Cranmore Conference Centre where we met between September 2021 until December 2021. We then secured further temporary

4

Jubilee Church Solihull Year ended 31 March 2022

accommodation meeting in the afternoon at St Helens Church in January 2022 which is where we are currently meeting. Despite all the moving around we successfully transitioned back to in-person meetings.

We ran an international online prophetic school called Amplify for churches with whom we have relationship. We have also been providing online and telephone support for church leaders connected to the Solihull and Bedford hubs with which we are connected.

Our youth programme continued online until summer 2021 where we resumed in-person games, teaching and social events facilitating the advancement of the Christian faith amongst those in attendance. We were also able to attend Oasis Camp other church youth groups joining in and outside speakers bringing teaching and encouragement.

We were able to give Debt advice to a number of clients in connection with Community Money Advice (CMA) who are a national organisation who provides the support and resources for churches and community groups to run a debt centre.

The Children’s Storehouse had to close down in July 2021 when we lost our premises. We found new premise and following lengthy negotiations secured a lease which enabled the re-opening of the Storehouse in February 2022.

FINANCIAL REVIEW

Review of the charity’s financial position at the end of the financial year

Financial Review

Total income for the year to 31[st] March 2022 was £218,105. This is a reduction of £59,113 (21.3% increase compared to the year ending 31[st] March 2021) and is because of a reduction in regular giving due to people moving on from the church after lockdown with newer people settling into the church before beginning to give. Additionally, last year saw a significant one-off restricted grant of £32k towards the purchase of clothing for the Storehouse.

Despite this drop in income, expenditure has been managed to ensure that the Net income for the year to 31[st] March 2022 of £34,154 was only slightly lower than for the year to 31[st] March 2021 of £48,463.

Reserves Policy

Jubilee Church aims to hold the equivalent of three months expenditure as general reserves as a minimum.

Unrestricted reserves are £195,706 (2021: £162,677) – this represents 9.9 months of current budgeted expenditure.

Restricted reserves are £1,125 (2021: £nil)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

5

Jubilee Church Solihull Year ended 31 March 2022

The organisation is a company limited by guarantee, incorporated on 10th April 2014. The organisation was established under a constitution which outlines the objects and powers of the organisation and is registered as a charity (charity number 1157124).

Trustee Appointment, Induction and Training.

The Trustees, who are also the directors for the purposes of company law, and who served during the year and up to the date of signature of the financial statements were: Robert Davey Trevor Wilson (Resigned 25[th] September 2022) Jon Marshall Steve Mennear Richard Floy

Trustees are required to agree with the Church's statement of faith. Trustee induction includes a briefing with the Chair of Trustees and one of the Elders on the role of Trustees. It also includes the provision and review of the charity commission material on the role of the trustee. The need for further Trustee training is kept under review by the Chair of Trustees.

Risk Management

The Trustees have established a system of risk management that considers both the strategic and operational risks to the charity. Action plans have been put in place to manage key risks and there are documented risk assessments for all key areas of Church activities including working with children and health and safety issues.

Future Plans

As with many churches over the pandemic we have seen many changes. Some people have changed role within the church, others have moved on, many new people have been joining. All this requires a wider group of leaders to oversee this work which we are aiming to do and develop further over this next year.

We continue to remain committed to our community ministries and are exploring the possibility of starting another Children’s Storehouse in partnership with several of the Birmingham Churches with which we are connected. Furthermore, we are really excited to see the benefits that the debt centre offers to people in need of this service across our region.

We are continuing to build relationships with local schools serving our community with assemblies and support where needed.

We have taken several steps toward establishing the Solihull Hub within our sphere of churches and this will be a vehicle for caring for other churches and planting new communities and churches around the Midlands.

One of our key priorities is around finding a more permanent building for our services which has become more pressing and will be a high priority over the next 12 months.

6

Jubilee Church Solihull Year ended 31 March 2022

Trustees Report Cont’d For the Period Ended 31[st] March 2022

Directors Responsibilities

These accounts are prepared in accordance with the provisions applicable to the companies subject to the small companies' regime.

We approve the attached statement of financial activities and balance sheet for the period ended 31[st] March 2022 and I confirm I have made available all information necessary for its preparation.

Signed on behalf of the Board

Signed……………………………………………….

Date…………………………………………….

Richard Floy

7

Jubilee Church Solihull Year ended 31 March 2022

Independent Examiners Report to the trustees of Jubilee Church Solihull

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022 which are set out on pages 10 to 17

Responsibilities and Basis of Report

As the charity 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 2006Act").

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 Company'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.

Basis of Independent Examiners Statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

8

Jubilee Church Solihull Year ended 31 March 2022

Independent examiner's statement

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 that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities

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

Signed :

Date:

Independent examiner : Wende Hubbard FCCA

Burgis & Bullock Chartered Accountants 23-25 Waterloo Place Leamington Spa CV32 5LA

9

Jubilee Church Solihull Year ended 31 March 2022

Current Financial Year

Statement of financial activities for period : 1st April 2021 - 31st March 2022

----- Start of picture text -----
2021/22 2021/22 2021/22 2020/21
Unrestricted Restricted Total Total
£ £ £ £
Incoming resources
Donations and legacies (Note 2) 213,794 2,125 215,919 267,872
Income from charitable activities 1,970 - 1,970 611
Government Grant Income - - - 3,750
Other income 155 - 155 4,930
Interest 61 - 61 55
Total income 215,980 2,125 218,105 277,218
Expenditure
Expenditure on raising funds 780 - 780 1,030
Expenditure charitable activities (Note 3) 182,171 1,000 183,171 227,725
Total expenditure 182,951 1,000 183,951 228,755
Net income / (expenditure) 33,029 1,125 34,154 48,463
-
Funds brought forward at 01.04.21 162,677 162,677 114,214
Transfers between funds - - - -
Funds carried forward as at 31.03.22 195,706 1,125 196,831 162,677
----- End of picture text -----

10

Jubilee Church Solihull Year ended 31 March 2022

Prior Financial Year

Statement of financial activities for period : 1st April 2020 - 31st March 2021

----- Start of picture text -----
2020/21 2020/21 2020/21 2019/20
Unrestricted Restricted Total Total
£ £ £ £
Incoming resources
Donations and legacies (Note 2) 233,872 34,000 267,872 219,306
Income from charitable activities 611 - 611 13,388
Government Grant Income 3,750 - 3,750 -
Other income 4,930 - 4,930 2,404
Interest 55 - 55 100
Total income 243,218 34,000 277,218 235,198
Expenditure
Expenditure on raising funds 1,030 - 1,030 888
Expenditure charitable activities (Note 3) 193,725 34,000 227,725 199,879
Total expenditure 194,755 34,000 228,755 200,767
Net income / (expenditure) 48,463 - 48,463 34,431
-
Funds brought forward at 01.04.20 114,214 114,214 79,783
Transfers between funds - - - -
Funds carried forward as at 31.03.21 162,677 - 162,677 114,214
----- End of picture text -----

11

Jubilee Church Solihull Year ended 31 March 2022

Balance sheet - as at 31.03.22

----- Start of picture text -----
31.03.22 31.03.21
£ £ £
Fixed assets (Note 8) 6,323 1,761
Current assets
Debtors (Note 9) 20,052 2,322
Bank & cash 175,421 172,774
Total current assets 195,473 175,096
Current liabilities
Creditors (Note 10) 4,965 14,180
Total current liabilities ( 4,965 ) ( 14,180 )
Net current assets 190,508 160,916
Net assets 196,831 162,677
Reserves
Restricted reserves 1,125 -
Unrestricted reserves 195,706 162,677
Closing reserves 196,831 162,677
----- End of picture text -----

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 company.

This report was approved by the trustees and signed on their behalf

R. Floy Trustee

Date:

12

Jubilee Church Solihull Year ended 31 March 2022

Notes to the accounts

1. Accounting Policies

1.1 General Information

Jubilee Church Solihull Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 677a Warwick Road, Solihull, West Midlands, B91 3DA, United Kingdom.

1.2 Basis of preparation

a) These accounts have been prepared on an accruals basis and include income that has been received or is receivable at the end of the year

b) The financial statements have been prepared in accordance with the Companies Act 2006 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) . The Church is a Public Benefit Entity as defined by FRS 102.

1.3 Going Concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity 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.

1.4 Donations and Legacies

Income includes giving from church members and the applicable gift aid.

1.5 Other Income

Project Income comprises of funding received for the Children's Storehouse.

1.6 Government Grant Income

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.7 Funds

Unrestricted funds are donations and other income received for the objects of the charity without specificied purposes. Restricted funds are subject to specific conditions by donors as to how they may be used.

1.8 Financial Instruments

Jubilee Church Solihull Ltd has elected to apply the provisions of Section 11of FRS 102 'Basic Financial instruments' to all of its financial instruments. Financial instruments are recognised in Jubilee Church Solihull Ltd's balance sheet when Jubilee Church Solihull Ltd becomes party to the contractual provisions of the instrument.

1.9 Basic financial assets

Basic financial assets include debtors, prepayments, cash and bank balances. Cash at bank is represented by cash deposits with financial institutions. Debtors, prepayments, cash and bank balances are measured at transaction price including transaction costs.

1.10 Basic financial liabilities

Basic financial liabilities, are creditors and accruals which are measured at transaction price (cash or expected settlement amount).

13

Jubilee Church Solihull

Year ended 31 March 2022

1.11 Fixed assets

Items of capital expenditure below £500 are not capitalised. Assets are originally valued at cost.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. IT, audio-visual and office equipment 33% on cost Fixtures and fittings 25% on cost

1.12 Taxation

The charity is exempt from taxation on its charitable activities.

14

Jubilee Church Solihull Year ended 31 March 2022

Notes to the accounts

----- Start of picture text -----
2021/22 2021/22 2021/22 2020/21
2. Donations and Legacies Unrestricted Restricted Total Total
£ £ £ £
Donated income : Regular giving 169,794 - 169,794 193,468
Gift aid 43,393 - 43,393 39,208
Project income - Grants - 2,125 2,125 34,400
Project income - Donations 607 - 607 796
Total Donations and Legacies 213,794 2,125 215,919 267,872
3. Expenditure on charitable activities
Salary & employment costs 114,619 114,619 115,302
Venue hire 19,257 19,257 10,062
Church activities 6,461 6,461 5,225
Church weekend - - -
Conferences 170 170 40
Giving - Catalyst 13,296 13,296 13,266
Giving - Other 3,443 3,443 15,820
Depreciation 1,044 1,044 702
Other costs / project costs 6,563 1,000 7,563 38,920
Consultancy - - -
Professional fees 949 949 900
Support costs 16,369 16,369 27,488
Total expenditure on charitable activities 182,171 1,000 183,171 227,725
----- End of picture text -----

4. Support costs

Support costs include church related office running costs such as banking charges, stationery. All support costs are to facilitate the operations of the church and so are allocated to the charitable activities.

Within support costs is the payment for the Independent Examination of £323 (2021: £300).

5. Related party transactions

The Trust employs A. Davey (who is married to R.Davey) on a part time basis. R. Davey is not involved in setting the remuneration or benefits of any employees, and is not present at any trustee meeting agenda items where this is discussed.

6. Employees

Wages and Salaries
Social Security Costs
Pension Costs
Total
2021/22
2020/21
105,846
106,710
5,690
5,714
3,083
2,878
114,619
115,302

The average number of persons employed during the year was 4 (2020/21 - 4)

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

Trustee's remuneration during the year was £49,277 being the total remuneration package for one Trustee employed by Jubilee Church Solihull for services provided under employment contracts in accordance with the Trust's pay policy during the year. Gifts to the value of £1,470 in total (2020/21 £Nil) were given to two previous Trustees for recognition of their contributions to the Charity

Expenses were reimbursed to one trustee during the year totalling £1,739 (2020/21 £234). Trustee donations in the year totalled £27,640 (2020/21 £19,920)

15

Jubilee Church Solihull

Year ended 31 March 2022

7. Funds

Restricted income of £2.1k relates to grants given for use within the Children's Storehouse project. £1k of restricted fund income has been utilised on the purposes for which it was given leaving a £1.1k fund balance at the end of the year.

Restricted Funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at 1
April 2020
£
Children's Storehouse
-
Balance at 1
April 2021
£
Children's Storehouse
-
Incoming
resources
Resources
expended
Transfers
£
£
£
34,000
( 34,000 )
-
Incoming
resources
Resources
expended
Transfers
£
£
£
2,125
( 1,000 )
-
Movement in funds
Movement in funds
Balance at 1
April 2021
£
-
Balance at
31 March
2022
£
1,125
8. Fixed Assets
Office
equipment
Cost
Opening Cost - 01.04.21
-
Additions
-
Disposals
-
Audio Visual
IT
equipment
Fixtures and
Fittings
3,289
5,757
-
2,016
3,590
-
-
-
-
5,305
9,347
-
2,906
4,379
-
-
-
575
469
-
3,481
4,848
-
383
1,378
-
1,824
4,499
2021/22
2020/21
3,636
2,322
3,367
-
13,049
-
20,052
2,322
Total
9,046
5,606
-
Closing Cost -31.03.22
-
Depreciation
Opening Depreciation - 01.04.21
-
Disposals
-
Depreciation charge
14,652
7,285
-
1,044
Closing depreciation - 31.03.22
-
NBV
8,329
Opening NBV - 01.04.21
-
1,761
Closing NBV - 31.03.22
-
9. Debtors
Prepayments
Accrued Income
Trade Debtors
Total
6,323

16

Jubilee Church Solihull Year ended 31 March 2022

10. Creditors

10. Creditors
Taxation, social security and pension payable
Other Creditors
Accruals
Total
2021/22
2020/21
2,728
2,820
-
1,191
2,237
10,169
4,965
14,180

11. Operating Lease Commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between 2-5 years
Total
2021/22
2020/21
10,062
10,062
16,320
26,382
26,382
36,444

The total operating lease expense for the year was £10,062 (2020/21: £10,062)

12. Public Benefit

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for the public benefit. Details on how the charity has achieved this are provided in the trustee report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding which activities the charity should undertake.

13. Controlling Party

The charity is controlled by the board of trustees

17