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2021-03-31-accounts

Company Registration Number: 08578163

Charity Registration Number: 1159799

JUBILEE+

REPORT OF THE TRUSTEES/DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

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JUBILEE+

(a Company Limited by Guarantee)

REPORTS AND FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

Pages
Report of the Trustees/Directors 1 to 5
Independent Examiner’s Report 6
Statement of Financial Activities/Summary Income and Expenditure Account 7
Balance Sheet 8
Notes to the Financial Statements 9 to 16

Page 1

JUBILEE+ (a Company Limited by Guarantee)

REPORT OF THE TRUSTEES/DIRECTORS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

The trustees present their report and unaudited financial statements of the charitable company for the 18 month period from 1 October 2019 through to 31 March 2021. The accounting period was extended to better fit around the charity’s annual conference which is held in November each year. The comparative figures are for a 12 month period and consequently are not directly comparable to the period under review.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing documents, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland published in October 2019.

Trustees of the Charity

The directors of the charitable company are its trustees for the purposes of charity law. Details of the trustees who have served during the year and since the year end can be found on page 5.

OBJECTIVES AND ACTIVITIES

The principal objects of the charity are being undertaken in accordance with Christian principles and practices and in such a way that demonstrates Christian faith, care and concern, and upholds the values of equality and justice. They are specifically restricted to the following:

  1. The promotion of social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society, in particular but not exclusively by:

  2. undertaking and supporting research into factors that contribute to social exclusion and the most appropriate ways to mitigate these;

  3. providing education, training, grants and services to individuals, charities or other organisations working to promote social inclusion;

  4. hosting conferences and seminars to raise awareness of factors that contribute to social exclusion and the most appropriate ways to mitigate these;

  5. seeking to influence the public, decision-makers, politicians or public servants in support of promoting social inclusion, and responding to consultations carried out by political parties in relation to promoting social inclusion insofar as it is legitimate for a charity to do so.

For the purpose of this clause ‘socially excluded’ means being excluded from society, or parts of society, as a result of one or more of the following factors: unemployment; financial hardship; youth or old age; ill health (physical or mental); substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards); crime (either as a victim of crime or as an offender rehabilitating into society).

  1. The prevention or relief of poverty or financial hardship in particular, but not exclusively, by:

  2. undertaking and supporting research into factors that contribute to the prevention or relief of poverty or financial hardship and the most appropriate ways to promote these;

  3. providing education, training, grants and services to individuals, charities or other organisations working for the prevention or relief of poverty or financial hardship;

  4. hosting conferences and seminars to raise awareness of the factors that contribute to the prevention or relief of poverty or financial hardship and the most appropriate ways to promote these;

  5. seeking to influence the public, decision-makers, politicians or public servants in support of the prevention or relief of poverty or financial hardship, and responding to consultations carried out by political parties in relation to the prevention or relief of poverty insofar as it is legitimate for a charity to do so.

Page 2

JUBILEE+

(a Company Limited by Guarantee)

REPORT OF THE TRUSTEES/DIRECTORS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

Statement of Ethos

  1. We believe in God in three persons:

the Father, who has made men and women in His image, giving them identity and dignity;

the Son, Jesus Christ, who came to show God’s love equally to every person; and

the Holy Spirit who enables men and women to reach their full God-given potential.

  1. We believe in the Bible as the inspired word of God, and our guide on all matters of doctrine and practice.

  2. We are committed to serve our community without discrimination of religion, race, nationality, culture, age or on any other basis.

  3. We do not require any of our clients to affirm or assent to any of the above Ethos Statement.

The trustees regularly review the objectives and activities of the charity and, as part of this review, have considered the Charity Commission’s general guidance on public benefit.

ACHIEVEMENTS AND PERFORMANCE

The charity carries out a range of activities in pursuance of its charitable aims. The trustees consider that these activities, as summarised below, provide benefit to any who are suffering because of poverty, financial hardship or social exclusion.

During the year under review, the main areas of progress and achievement included:

  1. Another successful national conference – held as a pre-recorded online event.

  2. Development of an online Media Training course and associated blended learning.

  3. Preparation and publication of resources, including through partners, to support churches.

  4. Ongoing provision of consultancy and training services to partners and churches.

  5. Development of strategic partnership with Trussell Trust through team member on Trussell Trust board.

  6. Publication of the third Jubilee+ book: ‘A Call to Act’.

  7. Publication of a first ‘how to’ guide to help churches engage with specific areas of social action.

  8. Ongoing development of national and regional media profile including with the Huffington Post and BBC regional radio.

  9. Development of direct dialogue with UK government’s Department of Work and Pensions at ministerial and civil service level. Advocacy of specific policy positions on welfare system.

  10. Extensive range of public speaking opportunities in church-based contexts.

  11. Ongoing impact of ‘A Church for the Poor’ book.

  12. High-quality social media and Zoom-based output.

  13. Ongoing increase in Jubilee+ brand recognition.

  14. Continued development of national networks in key areas of church based social action.

The trustees are very happy with the overall outcome of the above in meeting the charity’s stated objectives and envisage sustained growth and development of the organisation within the foreseeable future.

The charity is resourced to a significant extent by volunteers, including the trustees. A core team of six manage day to day operations of whom three are remunerated and three are volunteers. There is a volunteer researcher and writer and a group of perhaps 10 others, who volunteer on an occasional but ongoing basis, helping with event organisation, proof reading, minute taking etc.

Page 3

JUBILEE+ (a Company Limited by Guarantee)

REPORT OF THE TRUSTEES/DIRECTORS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

FINANCIAL REVIEW

Income for the 18 month period amounted to £121,841 (year to 30.9.19: £80,266) with expenditure of £108,386 (year to 30.9.19: £75,109) leaving net incoming resources for the period of £13,455 (year to 30.9.19: net incoming resources £5,157) and total funds carried forward at the period end of £36,518 (year to 31.9.19: £23,063) of which £6,873 (year to 31.9.19: £2,002) were restricted.

The trustees are satisfied with the financial position at 31 March 2021 and are optimistic that the strategies in place will lead to the charity being able to fulfil its medium-term growth objectives.

Investment Policy

The trustees have power to invest any money not immediately required for the furtherance of the charity’s objects in or upon such investments, securities (including the making of loans) or property as may be thought fit, subject to such conditions (if any) and such consent (if any) as may from time to time be imposed or required by law.

Reserves Policy

It is the intention of the trustees to maintain reserves at a minimum of three months committed costs, which are primarily salaries and core consultancy fees. This level of minimum reserves was comfortably achieved at both 30 September 2019 and 31 March 2021.

PLANS FOR FUTURE PERIODS

These include:

  1. Transition of responsibility for day to day matters from J.M.L. Charlesworth to N.A. Williams from 1 April 2021.

  2. Development of the Core Team as some retire and new members join.

  3. National conference in Manchester and online in partnership with the ‘Message Trust’ in 2021 and in Milton Keynes and online in 2022.

  4. Redevelopment of the Partner Church scheme.

  5. Piloting internships with a view to exploring whether we might subsequently run a Jubilee+ ‘gap year’ programme.

  6. Establishment of online training courses to be mostly offered as a free resource to churches.

  7. Developing and publishing our Theory of Change, Vision, and Strategy.

  8. Re-development of the Jubilee+ website, including more resources.

  9. Publication of the fourth book, co-authored by N.A. Williams, provisionally entitled ‘Invisible Divides’, due for publication by SPCK in Spring 2022. This is likely to be accompanied by media profile and speaking opportunities.

  10. Development of partnership with Prof. Keith Brown of Bournemouth University to co-publish guides for churches in areas of social action which need the input of legal and social work expertise.

  11. Develop influence on welfare and immigration policies through links with Government Committees in and through links with the Trussell Trust.

  12. Further development of media profile.

  13. Maintain strong links with Newfrontiers UK-based “Spheres”.

  14. Maintain consultancy and training services to partners and churches.

  15. Obtain speaking opportunities in more major church national conferences and other settings.

  16. Establishment of an Advisory Council to support the board of directors in the provision of strategic leadership for Jubilee+.

Page 4

JUBILEE+

(a Company Limited by Guarantee)

REPORT OF THE TRUSTEES/DIRECTORS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

  1. Videos equipping churches and Christians to understand why matters of poverty and justice are so important to God. These are posted weekly on a Monday and known as ‘Monday Mercy’ videos.

  2. Creating Bible reading plans and content, initially for Inspiring Women Every Day.

  3. Development of strategic engagement in environmental issues as aspects of the social justice mandate of the church.

  4. Publication of further high-quality resources to equip churches to engage with poverty and justice issues with people of all ages in the congregations.

  5. Maintaining our bespoke website and consultancy to help churches engage with refugees and asylum seekers, as well as developing an online, video-based training resource to equip churches to support refugees and asylum seekers in various ways.

  6. Conducting a feasibility study into the needs of, and for, churches in deprived communities.

  7. Aiming to secure a publishing contract for a book on issues of poverty and justice facing Britain today.

  8. Continued development of a partnership with ‘Faith in later life’ charity to develop resources to equip churches to work intentionally and strategically in care for older people.

  9. Development of an online video training series to equip churches in work with refugees and asylum seekers.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The organisation is a charitable company, limited by guarantee, incorporated in England and Wales. It is governed by Memorandum and Articles of Association dated 20 June 2013 (as amended by special resolution dated 13 November 2014) and was registered with the Charity Commission with effect from 6 January 2015. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

Appointment of Trustees

New trustees are appointed on the recommendation of existing trustees/members. There is a required minimum of three trustees but no maximum number.

Trustees’ Induction and Training

Trustees are already familiar with the work of the charity as they are either founding trustees who have been involved from the beginning or have been appointed by the existing trustees to enhance the skill/knowledge base of the charity. The trustees have induction procedures to ensure that new trustees understand their roles and obligations. As part of these procedures, trustees are also encouraged to attend appropriate internal/external training events to facilitate the undertaking of their roles.

Organisation

The management and administration of the charity is under the control of the trustees who meet three times per year. Day to day operational matters are delegated to Miss N.A. Williams.

Risk Management

The trustees have examined the major strategic, business and operational risks which the charity faces and have systems in place to monitor those risks and to take action where necessary to mitigate them.

Page 5

JUBILEE+ (a Company Limited by Guarantee)

REPORT OF THE TRUSTEES/DIRECTORS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

REFERENCE AND ADMINISTRATIVE INFORMATION

Charity Name: JUBILEE+
Company Registration Number: 08578163 (England and Wales)
Charity Registration Number: 1159799
Date of Incorporation: 20 June 2013
Registered Office: The Hastings Centre
The Ridge
Hastings
TN34 2SA
Trustees and Directors: Mr. G.N. Anns
Mr. J.M.L. Charlesworth
Mr. A.J. McWilliam
Mrs. K.M. Welch
Mr. J.R. Evans
Mr. A.J. Biggs (appointed 26.3.20)
Miss N.A. Williams (appointed 21.1.21)
Company Secretary: Mr. G.N. Anns
Independent Examiner: Mr. J. Lester FCA
Baines Jewitt Limited
Chartered Accountants
Barrington House
41-45 Yarm Lane
Stockton-on-Tees
TS18 3EA
Bankers: The Co-operative Bank
P.O. Box 250
Delf House
Southway
Skelmersdale
WN8 6WT

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies.

Approval

This report was approved by the trustees/directors on 26 November 2021 and signed on their behalf by:

Mr. A.J. McWilliam Trustee

Page 6

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF JUBILEE+ (a Company Limited by Guarantee)

I report to the charity trustees on my examination of the accounts of the company for the 18 month period from 1 October 2019 to 31 March 2021 which are set out on pages 7 to 16.

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 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your 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.

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 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

J. Lester

Mr. J. Lester FCA Baines Jewitt Limited Chartered Accountants Barrington House 41-45 Yarm Lane Stockton-on-Tees TS18 3EA

Dated: 2 December 2021

JL/AJD

Page 7

JUBILEE+ (a Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021 (including Summary Income and Expenditure Account)

Unrestricted Funds Unrestricted Funds Restricted Funds Total Funds
18 months 12 months 18 months 12 months 18 months 12 months
Notes to 31.3.21 to 30.9.19 to 31.3.21 to 30.9.19 to 31.3.21 to 30.9.19
£ £ £ £ £ £
INCOME
Donations 3 94,516 64,843 7,000 2,002 101,516 66,845
Charitable activities:
Promotion of social inclusion 4 20,325 13,421 - - 20,325 13,421
____ ___ _ _ ____ ___
TOTAL INCOME 114,841 78,264 7,000 2,002 121,841 80,266
========= ======== ====== ====== ========= ========
EXPENDITURE
Charitable activities 5 102,784 71,650 2,129 3,459 104,913 75,109
Fundraising 3,473 - - - 3,473 -
____ ___ _ _ ____ ___
TOTAL EXPENDITURE 106,257 71,650 2,129 3,459 108,386 75,109
========= ======== ====== ====== ========= ========
Net income/(expenditure)
for the period 7 8,584 6,614 4,871 (1,457) 13,455 5,157
Reconciliation of funds:
Total funds brought forward 15 21,061 14,447 2,002 3,459 23,063 17,906
___ ___ _ _ ___ ___
Total Funds Carried Forward 15 29,645 21,061 6,873 2,002 36,518 23,063
======== ======== ====== ====== ======== ========

The Statement of Financial Activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing operations.

The notes on pages 9 to 16 form part of these financial statements

Page 8

JUBILEE+ (a Company Limited by Guarantee) (Company Registration Number: 08578163)

BALANCE SHEET AS AT 31 MARCH 2021

31.3.21 30.9.19
Note £ £ £ £
FIXED ASSETS
Tangible assets 11 - 59
CURRENT ASSETS
Stocks 756 1,058
Debtors 12 902 13,847
Cash at bank 37,658 14,829
___ ___
39,316 29,734
CURRENT LIABILITIES
Creditors: Amounts falling due within one year 13 (2,798) (6,730)
___ ___
NET CURRENT ASSETS 36,518 23,004
___ ___
NET ASSETS 36,518 23,063
========= =========
FUND BALANCES
Unrestricted general funds 14&15 29,645 21,061
Restricted funds 14&15 6,873 2,002
___ ___
36,518 23,063
========= =========

For the period ending 31 March 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

These financial statements were approved by the trustees on 26 November 2021 and are signed on their behalf by:

Mr. A.J. McWilliam Trustee

The notes on pages 9 to 16 form part of these financial statements

Page 9

JUBILEE+ (a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

1. ACCOUNTING POLICIES

(a) General Information and Basis of Preparation

Jubilee+ is a private company limited by guarantee registered in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 4 of these financial statements. The nature of the charity’s operations and principal activities are the promotion of social inclusion and the prevention or relief of poverty or financial hardship.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in pounds sterling, which is the functional currency of the charity, and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Income Recognition

All income is recognised once the charity has entitlement to such income, there is sufficient certainty of receipt and it is probable that the income will be received, and the amount of income can be measured reliably.

Grants and Donations

Where donors specify that grants or donations are for a particular restricted purpose, which does not amount to pre-conditions regarding entitlement, the income is included in incoming reserves within restricted funds when received.

(c) Resources Expended

Resources expended are recognised in the Statement of Financial Activities on an accruals basis, inclusive of VAT. Individual costs are allocated between the various headings in the Statement of Financial Activities by reference to the underlying nature or reason for which those costs were incurred, on an estimated percentage basis.

(d) Unrestricted and Restricted Funds

Unrestricted funds comprise income received or generated by reference to the general objects of the charity without further specified purpose. Such funds may however be designated by the trustees for specific purposes from time to time.

Restricted funds are those donated for a specified purpose as laid down by the donor or as the result of a specific appeal or application. Such funds are kept separate from the unrestricted funds of the charity and only related expenditure is charged against them.

Page 10

JUBILEE+ (a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

1. ACCOUNTING POLICIES ( Continued )

(e) Tangible Fixed Assets and Depreciation

Tangible fixed assets are capitalised and depreciated at the following rates, so as to write off each asset over its estimated useful life:

Fixtures, fittings and equipment - 25% reducing balance

(f) Stock

Stock is included at the lower of cost or net realisable value.

(g) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

(h) Cash at Bank and in Hand

Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

(i) Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(j) Pension Costs

Contributions, which are payable into the personal pension plan of the employee, are charged to the Statement of Financial Activities in the period to which they relate.

(k) Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for the 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with levels of reserves for the charity to be able to continue as a going concern.

2. LEGAL STATUS OF THE CHARITY

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

3. DONATIONS

ONATIONS
Unrestricted Funds Restricted Funds Total Funds
18 months 12 months 18 months 12 months 18 months 12 months
to 31.3.21 to 30.9.19 to 31.3.21 to 30.9.19 to 31.3.21 to 30.9.19
£ £ £ £ £ £
Church donations 56,250 40,161 - - 56,250 40,161
Other donations 25,518 24,682 - 2,002 25,518 26,684
Grants 12,748 - 7,000 - 19,748 -
___ ___ _ _ ____ ___
94,516 64,843 7,000 2,002 101,516 66,845
======== ======== ====== ====== ========= ========

Page 11

JUBILEE+ (a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

4. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted Funds Unrestricted Funds Restricted Funds Total Funds
18 months 12 months 18 months 12 months 18 months 12 months
to 31.3.21 to 30.9.19 to 31.3.21 to 30.9.19 to 31.3.21 to 30.9.19
£ £ £ £ £ £
Conference fees 14,869 6,805 - - 14,869 6,805
Speaking events 2,565 3,362 - - 2,565 3,362
Book sales 2,891 3,254 - - 2,891 3,254
___ ___ __ _ ___ ___
20,325 13,421 - - 20,325 13,421
======== ======== ======= ====== ======== ========

The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are in the Trustees’ Report. In accordance with the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised within the accounts.

5. EXPENDITURE ON CHARITABLE ACTIVITIES

See page 15.

6. SUPPORT COSTS AND GOVERNANCE COSTS ALLOCATED TO ACTIVITIES

See page 16.

7. NET INCOME/(EXPENDITURE) FOR THE PERIOD

8.

NET INCOME/(EXPENDITURE) FOR THE PERIOD
18 months 12 months
This is stated after charging: to 31.3.21
£		 to 30.9.19
£
Staff costs (note 8) 13,801 6,152
Trustees emoluments (note 17) 31,212 17,538
Depreciation (note 11) - 21
Loss on disposal of fixed assets 59 -
Accountancy/Independent Examiner’s fees 2,580 2,600
======== =======
STAFF COSTS AND NUMBERS 18 months 12 months
to 31.3.21 to 30.9.19
£ £
Gross salary 12,546 5,593
Employer’s pension (note 9) 1,255 559
___ _
13,801 6,152
======== =======

By 31 March 2021, the charity employed two part-time members of staff (30.9.19: one).

9. PENSION COSTS

The pension costs of £1,255 (30.9.19: £559) in the period represent payments due to the defined contribution pension scheme operated for the charity’s employees.

10. TAXATION

As a registered charity, Jubilee+ is exempt from tax on its income under Section 505 of the Taxes Act 1988 provided that such income is applied for charitable purposes only.

Page 12

JUBILEE+ (a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

11. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Fixtures, Fittings
and Equipment
£
Cost
At 1 October 2019 342
Additions -
Disposals (342)
_____
At 31 March 2021 -
=====
Accumulated Depreciation
At 1 October 2019 283
Charge for the year -
Eliminated on disposal (283)
_____
At 31 March 2021 -
=====
Net Book Value
At 30 September 2019 59
=====
At 31 March 2021 -
=====

There were no capital expenditure commitments at 30 September 2019 or 31 March 2021.

12. DEBTORS AND PREPAYMENTS

DEBTORS AND PREPAYMENTS
18 months 12 months
to 31.3.21 to 30.9.19
£ £
Other debtors 902 10,757
Prepayments - 3,090
_____ ___
902 13,847
===== ========
CREDITORS: Amounts falling due within one year
18 months 12 months
to 31.3.21 to 30.9.19
£ £
Other creditors and accruals 2,798 6,730
======= =======
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted
Funds Funds Total
£ £ £
Cash at bank 30,785 6,873 37,658
Other net current liabilities (1,140) - (1,140)
___ __ ___
29,645 6,873 36,518
======== ======= ========

13. CREDITORS: Amounts falling due within one year

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Page 13

JUBILEE+ (a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

15. STATEMENT OF FUNDS

STATEMENT OF FUNDS
As at As at
1.10.19 Income Expenditure 31.3.21
£ £ £ £
Unrestricted Funds:
General 21,061 114,841 106,257 29,645
-------------- ---------------- ---------------- --------------
Restricted Funds:
Refugee resource centre for churches 2,002 7,000 2,129 6,873
----------- ----------- ----------- -----------
Total Funds 23,063 121,841 108,386 36,518
======== ========== ========== ========
As at As at
1.10.18 Income Expenditure 30.9.19
£ £ £ £
Unrestricted Funds:
General 14,447 78,264 71,650 21,061
-------------- -------------- -------------- --------------
Restricted Funds:
Refugee resource centre website 288 - 288 -
Refugee resource centre for churches 3,171 2,002 3,171 2,002
__ __ __ __
Total restricted funds 3,459 2,002 3,459 2,002
------------ ------------ ----------- ------------
Total Funds 17,906 80,266 75,109 23,063
======== ======== ======== ========

Restricted Funds

During 2016/2017, the charity entered into a joint venture with the Boaz Trust, a charity involved in helping refugees in the UK. The venture came about as a result of various Christian groups highlighting a gap in bringing together expertise and experience of those across the country involved in this work.

Refugee resource centre website:

The partnership developed a website http://www.refugeeresourcecentreforchurches.org.uk (referred to in short as R2C2) with funds raised by the Boaz Trust.

The funds were fully utilised in the year to 30 September 2019 towards the upkeep of the website.

Refugee resource centre for churches:

Following the end of the joint venture with the Boaz Trust in 2018 Jubilee+ remain committed to the R2C2 Project. The vision is “to see churches increasingly playing a major role in welcoming, loving and supporting refugees and asylum seekers in the UK, both through practical action and as a voice for justice, so they can integrate, flourish and play a full part in society!”

During the period under review, a grant was received from the Allan Lane Foundation to enable the charity to continue support of the R2C2 Project.

16. CONTROLLING PARTY

Throughout the current and previous periods of the charity was under the control of the Board of Trustees/Directors.

Page 14

JUBILEE+

(a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

17. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES

As permitted by the Articles of Association of the charity:

Mr. J.M.L. Charlesworth, a trustee of the charity, was paid consultancy fees totalling £26,856 (30.9.19: £17,538) during the period under review.

Miss N.A. Williams, a trustee of the charity, was employed with effect from 1 February 2021. Related salary costs for the period were £4,356 including employer’s pension contributions of £396.

Mr. G.N. Anns is a trustee/director of Christ Central Churches Worldwide. During the period under review Christ Central Churches Worldwide made gifts totalling £8,499 (30.9.19: £8,150) to Jubilee+.

Mr. J.M.L. Charlesworth is a trustee/director of Barnabas Community Church. During the period under review Barnabas Community Church made gifts totalling £3,000 (30.9.19: £2,000) to Jubilee+.

Trustees and related parties of the charity have made unrestricted donations to the charity in the period totalling £625 (30.9.19: £2,426).

Travel expenses reimbursed to trustees for attendance at trustees’ meetings during the period were as follows:

18 months 12 months
to 31.3.21 To 30.9.19
£ £
Mr. J.M.L. Charlesworth 16 93
Mr. A. McWilliam 27 80
Mr. J. Evans - 236
Mr. A. Biggs 215 -
_____ _____
258 409
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Other than the above, no remuneration or expenses were paid, or due to be paid, to any trustee or to any person connected to them.

JUBILEE+ (a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

5. EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted Funds Restricted Funds Total Funds
Basis of 18 months 12 months 18 months 12 months 18 months 12 months
Costs directly allocated to activities: Apportionment to 31.3.21 to 30.9.19 to 31.3.21 to 30.9.19 to 31.3.21 to 30.9.19
£ £ £ £ £ £
Conference expenses Direct 29,310 9,274 - - 29,310 9,274
Research Direct - 1,603 - - - 1,603
Book publishing project Direct 10,154 4,488 - - 10,154 4,488
Staff and support team expenses Direct 14,154 3,246 - - 14,154 3,246
Speaking event expenses Direct 3,810 12,397 - - 3,810 12,397
Network development Direct 2,384 7,419 - - 2,384 7,419
Social impact network - refugees Direct - 942 690 3,459 690 4,401
Addiction network Direct 2,072 799 - - 2,072 799
Insurance Direct 2,301 1,554 - - 2,301 1,554
Website and skype Direct 18,644 15,979 1,439 - 20,083 15,979
Postage and stationery Direct 271 322 - - 271 322
Sundry expenses Direct 636 72 - - 636 72
Bank charges Direct 451 206 - - 451 206
Support costs See below 14,723 9,801 - - 14,723 9,801
Governance costs See below 3,874 3,548 - - 3,874 3,548
_____ ___ __ __ _____ ___
102,784 71,650 2,129 3,459 104,913 75,109
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JUBILEE+ (a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

6. SUPPORT COSTS AND GOVERNANCE COSTS ALLOCATED TO ACTIVITIES

Support Costs
Unrestricted Funds		 Support Costs
Unrestricted Funds		 Governance Costs
Unrestricted Funds		 Governance Costs
Unrestricted Funds		 Total Funds
Basis of 18 months 12 months 18 months 12 months 18 months 12 months
Apportionment to 31.3.21 to 30.9.19 to 31.3.21 to 30.9.19 to 31.3.21 to 30.9.19
£ £ £ £ £ £
Staff costs Staff role 9,445 6,152 - - 9,445 6,152
Management and administration Direct 5,039 3,508 - - 5,039 3,508
Payroll bureau Direct 180 120 - - 180 120
Depreciation Equipment type - 21 - - - 21
Loss on disposal of fixed assets Equipment type 59 - - - 59 -
Accountancy and independent examination Direct - - 2,580 2,600 2,580 2,600
Trustees’ meeting expenses Direct - - 1,294 948 1,294 948
___ __ __ __ ___ ___
14,723 9,801 3,874 3,548 18,597 13,349
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