## **JUBILEE CHURCH SOLIHULL** **FINANCIAL STATEMENTS FOR THE YEAR ENDED** **31[st] MARCH 2024** **CHARITY REGISTRATION No: 1157124 COMPANY REGISTRATION No: 08991495** **Jubilee Church Solihull Year ended 31 March 2024** ## **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 2024** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS** |**Charity Registration Number**|1157124| |---|---| |**Company Registration Number**|08991495| |**Start of Financial Period**|1st April 2023| |**End of Financial Period**|31st March 2024| |**Trustees / Directors at 30th September 2024**|Robert Davey| ||Stephen Mennear| ||Richard Floy| ||Paul Plagerson| ||Paul Robertson (Appointed 17th September| ||2023)| ||Steve Hooper (Appointed 17th September| ||2023)| |**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 2024** ## **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: - i) TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS IN THE SCHEDULE HERETO ATTACHED IN SUCH PARTS OF SOLIHULL, THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT AND TO FULFIL SUCH OTHER PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED WITH THE CHARITABLE WORK OF THE CHARITY - ii) TO RELIEVE PERSONS WHO ARE IN CONDITIONS OF NEED, FINANCIAL HARDSHIP OR SICKNESS AND WHO MAY BE AGED AND TO RELIEVE THE DISTRESS CAUSED THEREBY IN THE SAID LOCATION AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT - iii) TO ADVANCE CHRISTIAN AND OTHER EDUCATION INCLUDING BUT NOT BY WAY OF LIMITATION THROUGH THE PROVISION OF TRAINING COURSES IN THE SAID LOCATION AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT - iv) TO PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE. 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_ ## **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 can get to know each other better. We consider this to be more and more important as the Church grows. 3 **Jubilee Church Solihull Year ended 31 March 2024** Jubilee Church 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 mission statement for the Storehouse is providing good quality second-hand clothing for babies and children up to the age of eighteen, to -24, 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. The Storehouse Manager, Storehouse Administrator and a team of volunteers ensure 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. 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** Our Life local schools assemblies has grown developing stronger links across the Solihull borough. Our membership has also grown this year. We continue to be involved in leading 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. able to serve a record number of families and we have also attracted funding from businesses, 4 ## **Jubilee Church Solihull Year ended 31 March 2024** charities and individuals in the region with a view to making the Storehouse self-sustaining in the future. In January we hosted a Quiz Night which was open to the community and was well attended with requests from attendees to do this again. This was a high quality event and was great for building bridges into the community and across the church. Midlands to work together in growing and planting more churches. Around 150 people attended the conference and from the feedback we received decided to do another conference in 2024. Our youth programme included attendance of Oasis Camp in August with other church youth groups joining in and outside speakers bringing teaching and encouragement. In October we signed a yearly contract for a new Sunday meeting place with Solihull Prep School which is in the middle of the town and is working very well for us. Our visitor numbers have gone up, parking is good, and the school are also able to provide us with a little storage space. On the 31[st] March 2024, we were excited to baptise 5 new believers who shared testimonies with the church about how Jesus had made a difference in their lives. Reason for celebration indeed! ## **FINANCIAL REVIEW** ## **Review o** ## **Financial Review** Total income for the year to 31[st] March 2024 was £243,822. This is an increase of £8,240 (3.5% increase compared to the year ending 31[st] March 2023) and is largely due to increased donations for the Storehouse as we seek to obtain more regular funding to support the growing work in this area. The expenditure for the year increased by £18,704 as a result of increasing employment hours for the Storehouse provision. This has resulted in a positive Net income for the year to 31[st] March 2024 of £3,808 (2023: £14,273). ## **Reserves Policy** Jubilee Church aims to hold the equivalent of three months expenditure as general reserves as a minimum. Unrestricted reserves are £214,799 (2023: £210,719) this represents 8.6 months of current budgeted expenditure. Restricted reserves are £112 (2023: £384) ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Constitution** 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). 5 **Jubilee Church Solihull Year ended 31 March 2024** ## **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 Steve Mennear Richard Floy Paul Plagerson Paul Robertson Steve Hooper 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** We are working hard on building teams across the church to help expand our work. We are looking to train leaders and develop people throughout the church. We remain committed to our community ministries and have seen considerable growth in our work entionally building connections with other agencies and networking with local authorities and businesses across our region. We are building relationships with local schools serving our community with assemblies, mentoring programmes and support where invited. We are also partnering with a number of other churches in our locality to meet the needs of our youth. We have taken several steps toward establishing a connection point 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 continues to be finding a more permanent building for our services and office needs which has become more pressing and is an ongoing need for us over the last couple of years. 6 **Jubilee Church Solihull Year ended 31 March 2024** ## **For the Period Ended 31[st] March 2024** ## **Directors Responsibilities** - The Charities Act and Company Act requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the Charitable Company as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to: - Select suitable accounting policies and then apply them consistently. Make judgements and estimates that are reasonable and prudent; and Prepare the financial statements on the going concern basis unless it is not appropriate to assume that the Charitable Company will continue on that basis. The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which sufficiently show and explain the Charitable transactions and enable them to ensure that the financial statements - comply with the Companies Act 2006 and comply with regulations made under the Charities Act. - They are also responsible for safeguarding the assets of the Charitable Company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. - The Trustees are also responsible for the contents of the trustee's report and the responsibilities of the independent examiner in relation to the Trustee s report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements. 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 2024 and I confirm I have made available all information necessary for its preparation. Signed on behalf of the Board Richard Floy 7 **Jubilee Church Solihull Year ended 31 March 2024** ## **Independent Examiners Report to the trustees of Jubilee Church Solihull** I report to the charity trustees on my examination of the accounts of the Charitable Company for the year ended 31 March 2024 which are set out on pages 10 to 17 ## **Responsibilities and Basis of Report** As the charity trustees of the Charitable Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("The 2006 Act"). Having satisfied myself that the accounts of the Charitable 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 Charitable 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 Charitable Company 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 matters set out in the statement below. 8 **Jubilee Church Solihull Year ended 31 March 2024** ## **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 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 2024** ## **Current Financial Year** ## **Statement of financial activities for period : 1st April 2023 - 31st March 2024** |2023/24
2023/24
**2023/24**
Unrestricted
Restricted
**Total**
£
£
**£**
**Incoming resources**
Donations and legacies
(Note 2)
223,568
1,500
**225,068**
Income from charitable activities
(Note 3)
10,021
-
**10,021**
Government Grant Income
-
-
**-**
Other income
2,679
2,521
**5,200**
Interest
3,533
-
**3,533**
Total income
239,801
4,021
**243,822**
**Expenditure**
Expenditure on raising funds
1,049
-
**1,049**
Expenditure on charitable activities
(Note 4)
234,672
4,293
**238,965**
Total expenditure
235,721
4,293
**240,014**
**Net income/ (expenditure)**
**4,080**
**( 272)**
**3,808**
Funds brought forward at 01.04.23
210,719
384
**211,103**
Transfers between funds
-
-
**-**
**Funds carried forward as at 31.03.24**
**214,799**
**112**
**214,911**|2022/23
Total
£
214,918
19,742
-
35
887
235,582
1,023
220,287| |---|---| ||221,310| ||| ||14,272| ||196,831
-
**211,103**| 10 **Jubilee Church Solihull Year ended 31 March 2024** ## **Prior Financial Year** ## **Statement of financial activities for period : 1st April 2022 - 31st March 2023** |2022/23
2022/23
**2022/23**
Unrestricted
Restricted
**Total**
£
£
**£**
**Incoming resources**
Donations and legacies
(Note 2)
214,543
375
**214,918**
Income from charitable activities
(Note 3)
19,742
-
**19,742**
Government Grant Income
-
-
**-**
Other income
35
-
**35**
Interest
887
-
**887**
Total income
235,207
375
**235,582**
**Expenditure**
Expenditure on raising funds
1,023
-
**1,023**
Expenditure charitable activities
(Note 4)
219,171
1,116
**220,287**
Total expenditure
220,194
1,116
**221,310**
**Net income / (expenditure)**
**15,013**
**( 741 )**
**14,272**
Funds brought forward at 01.04.22
195,706
1,125
**196,831**
Transfers between funds
-
-
**-**
**Funds carried forward as at 31.03.23**
**210,719**
**384**
**211,103**|2021/22
Total
£
215,919
1,970
-
155
61
218,105
780
183,171
183,951
34,154
162,677
-
**196,831**| |---|---| 11 **Jubilee Church Solihull Year ended 31 March 2024** ## **Balance sheet - as at 31.03.24** |**31.03.24**
**£**
**£**
Fixed assets
(Note 9)
**3,555**
_Current assets_
Debtors
(Note 10)
9,302
Bank & cash
209,416
Total current assets
**218,718**
_Current liabilities_
Creditors
(Note 11)
7,362
Total current liabilities
**( 7,362 )**
Net current assets
**211,356**
**Net assets**
**214,911**
**Reserves**
Restricted reserves
**112**
Unrestricted reserves
**214,799**
**Closing reserves**
**214,911**|31.03.23
£
4,341
6,806
205,055
211,861
5,099
( 5,099 )
206,762
211,103
384
210,719
211,103| |---|---| The Charitable 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 2024. 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 Charitable Company 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 Charitable Company. This report was approved by the trustees and signed on their behalf R. Floy **Trustee** 12 **Jubilee Church Solihull Year ended 31 March 2024** ## **Notes to the accounts** ## **1. Accounting Policies** ## **1.1 General Information** Jubilee Church Solihull Limited is a registered charity and 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 by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Charitable Company is a Public Benefit Entity as defined by FRS 102. Individual items are recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements are presented in sterling which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. ## **1.3 Going Concern** At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charitable Company 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 Income from Charitable Activities** Income from Charitable activities includes one-off income arising from internal and external events including hosting of conferences and the church weekend away. ## **1.6 Other Income** Project Income comprises of funding received for the Children's Storehouse. ## **1.7 Expenditure on Charitable Activities** Expenditure on Charitable activities includes all expenditure for activity undertaken by the Charitable Company. The only exception is any Marketing expenditure which is included within the Expenditure on raising funds category. Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charitable Company to the expenditure. All expenditure is accounted for on an accruals basis, classified under headings appropriate to the expenditure. ## **1.8 Funds** Unrestricted funds are donations and other income received for the objects of the Charitable Company without specificied purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. 13 **Jubilee Church Solihull Year ended 31 March 2024** ## **1.9 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. ## **1.10 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. ## **1.11 Basic financial liabilities** Basic financial liabilities, are creditors and accruals which are measured at transaction price (cash or expected settlement amount). ## **1.12 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 ## **1.13 Taxation** The Charitable Company is exempt from taxation on its charitable activities. ## **1.14 Pension Scheme** The Charitable Company operates a third party defined contribution scheme. The pension charge is shown in note 7 to the accounts. 14 **Jubilee Church Solihull Year ended 31 March 2024** ## **Notes to the accounts** |**Notes to the accounts**|| |---|---| |**2. Donations and Legacies**
Donated income : Regular giving
Gift aid
Project income - Grants
Project income - Donations
Total Donations and Legacies
**3. Income from Charitable Activities**
Events|2023/24
2023/24
**2023/24**
2022/23
Unrestricted
Restricted
**Total**
Total
£
£
**£**
£
170,438
1,000
**171,438**
168,388
41,380
-
**41,380**
41,907
-
-
**-**
375
11,750
500
**12,250**
4,248
223,568
1,500
**225,068**
214,918
6,070
-
**6,070**
4,801| |Church Weekend Away|1,240
-
**1,240**
12,230| |Hub Income
Gifts from External Speaking
Total Income from Charitable Activities
**4. Expenditure on charitable activities**
Salary & employment costs
Venue hire
Church activities
Church weekend
Conferences
Giving - Catalyst
Giving - Other
Depreciation
Other costs / project costs
Professional fees
Support costs
Total expenditure on charitable activities|2,521
-
**2,521**
550
190
-
**190**
2,161
10,021
-
**10,021**
19,742
150,461
**150,461**
133,003
21,370
**21,370**
18,179
14,835
2,409
**17,244**
13,240
2,700
**2,700**
13,741
2,511
**2,511**
2,194
13,738
**13,738**
10,135
4,223
**4,223**
3,851
2,193
**2,193**
1,982
8,977
884
**9,861**
7,702
13
**13**
663
13,651
1,000
**14,651**
15,597
234,672
4,293
**238,965**
220,287| ## **5. Support costs** Support costs include related office running costs such as banking charges, stationery. All support costs are to facilitate the operations of the Charitable Company and so are allocated to the charitable activities. Within support costs is the payment for the Independent Examination of £420 (2023: £360). ## **6. 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. 15 ## **Jubilee Church Solihull Year ended 31 March 2024** ## **7. Employees** **----- Start of picture text -----**
2023/24 2022/23
Wages and Salaries 138,332 122,203
Social Security Costs 8,110 7,134
Pension Costs 4,019 3,666
Total 150,461 133,003
**----- End of picture text -----**
The average number of persons employed during the year was 5 (2022/23 - 4) There were no employees whose annual remuneration was £60,000 or more. Trustee's remuneration during the year was £53,293 (2022/23 £51,063) being the total remuneration package for one Trustee (R Davey) employed by Jubilee Church Solihull for services provided under employment contracts in accordance with the Trust's pay policy during the year. Expenses for travel and subsistence were reimbursed to one trustee during the year totalling £3,096 (2022/23 £2,860). Trustee donations in the year totalled £26,840 (2022/23 £32,870) Key management personnel are considered to be the Board of Trustees. ## **8. Funds** Restricted income of £4.0k in the year relates to grants given for use within the Children's Storehouse project (£0.5k), Solihull Hub (£2.5k) and a gift towards a leader's retreat (£1.0k). All of this apart from £112 has been utilised on the purposes for which it was given within the year, along with the £0.4k opening balance. ## **Restricted Funds** The income funds of the Charitable Company include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |Children's Storehouse
Children's Storehouse
Leader's Retreat
Solihull Hub
**Total**|**Balance at 1**
**April 2022**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Balance at 31**
**March 2023**
**£**
**£**
**£**
**£**
**£**
1,125
375
( 1,116 )
-
384
**Balance at 1**
**April 2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Balance at 31**
**March 2024**
**£**
**£**
**£**
**£**
**£**
384
1,000
( 884 )
-
500
-
500
( 1,000 )
-
( 500 )
-
2,521
( 2,409 )
-
112
**384**
**4,021**
**( 4,293 )**
**-**
**112**
**Movement in funds**
**Movement in funds**| |---|---| 16 ## **Jubilee Church Solihull Year ended 31 March 2024** ## **9. Fixed Assets** **----- Start of picture text -----**
Office IT Fixtures and
equipment Audio Visual equipment Fittings Total
Cost
Opening Cost - 01.04.23 - 5,305 9,347 14,652
Additions - - 1,407 - 1,407
- - - - -
Disposals
Closing Cost -31.03.24 - - 6,712 9,347 16,059
Depreciation
Opening Depreciation - 01.04.23 - - 4,172 6,139 10,311
- - - - -
Disposals
Depreciation charge 901 1,292 2,193
Closing depreciation - 31.03.24 - - 5,073 7,431 12,504
NBV
Opening NBV - 01.04.23 - - 1,133 3,208 4,341
Closing NBV - 31.03.24 - - 1,639 1,916 3,555
10. Debtors
2023/24 2022/23
Prepayments 3,205 3,165
Gift Aid Debtor 6,097 3,641
Total 9,302 6,806
11. Creditors
2023/24 2022/23
Taxation, social security and pension payable 4,154 3,639
Other Creditors - -
Accruals 3,208 1,460
Total 7,362 5,099
**----- End of picture text -----**
## **12. Operating Lease Commitments** At the reporting end date the Charitable 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**|**2023/24**
**2022/23**
6,258 10,062
- 6,258| |---|---| ||**6,258 16,320**| The total operating lease expense for the year was £10,062 (2022/23: £10,062) ## **13. Public Benefit** The Charitable Company acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for the public benefit. Details on how the Charitable Company 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 Charitable Company should undertake. ## **14. Controlling Party** The Charitable Company is controlled by the board of trustees 17