Company Registration Number: 08578163 Charity Registration Number: 1159799 JUBILEE+ REPORT OF THE TRUSTEES/DIRECTORS AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
JUBILEE+ la Company Llmlted by Guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Pages Report of the Trustees/Directors Independent Examiner's Report Balance Sheet Notes to the Financial Statements 8-12
Page I JUBILEE+ la Company Limited by Guarantee) REPORT OF THE TRUSTEESIDIRECTORS FOR THE YEAR ENDED 31 MARCH 2023 The trustee5 pre5erit their report and unaudited firiarici315taternent5 of the charitable company for the yearto 31 March 2022. The financial 5taternent5 have been prepared in accordance with the accounting policies set out in the note5 to the accounts and comply with the charity's governing documents, the Charities Act 2011 and Accounting and Reporting by Charitie5'. Statement of Recomrnended Practice applicable to charitie5 preparing their accounts in accordance with Financial Reporting Standard5 applicable in the UK and Republic of Ireland published in October 2019. TRUSTEES OF THE CHARITY The director5 of the charitable company are it5 tru5tee5 forthe purpose5 of charity law. Details of the tru5tee5 who have served during the year and since the year end cari be found on page 5. OBJECTIVESAND ACTIVITIES The principal objects of the charity are being undertaken in accordance with Christian principles and practices and in such a waythat demonstrate5 Christian faith, care and concern, and upholds the values of equality and justice. They are specifically restricted to the following.. The promotion of social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the rieeds of those people who are socially excluded and a55iSting them to integrate into Society, in particular but not exclusively by.. undertaking and 5UPPOrting research into factor5 that contribute to social exclusion and the m05t appropriate ways to mitigate the5e,' providing education, training, grants and SeiCe5 to individuals, charities or other organi5ation5 workirig to promote Social hosting conferences and 5erninar5 to raise awareness of factor5 that contribute to Social exclusion and the most appropriate seeking to influence the public, decision-maker5, politician5 or public servants in support of promoting Social inclusion, and a charityto do so. Forthe purpose of this clause'socially excluded, means being excluded from society, or part5 of Society, a5 a result of one or more of the following factors.. unemployrnent,. financial hard5hip,' youth or old age,. ill health (physical or mentall,. substance abuse or dependency including alcohol and drug5', discrirnination 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 5tandard51,' crime (either a5 a victim of crime or as an offender rehabilitating into 50cietyl. The prevention or relief of poverty orfinancial hardship in particular, but not exclusively, bv.. undertaking and 5UPPOrting research into factor5 that contribute to the prevention or relief of poverty orfinancial hardship and the rnost appropriate ways to promote these,. providing education, training, grants and SeiCe5 to individuals, charities or other organi5ation5 workirig for the preverition or relief of poverty or financial hardship,. hosting conferences and 5erninar5 to.rai5e awareness of the factors that contribute to the prevention or relief of poverty or rinancial hardship and the m05t appropriate way5 to promote these. seeking to influence the public, decision-maker5, politician5 or public servants in support of the prevention or relief of poverty poverty insofar as it 15 legitirnate for a charityto do so. STATEMENT OF ETHOS We believe in God in three per50ns'. the Father, who ha5 made men and women in Hi5 image, giving thern identity and dignity,. the Son, Jesu5 Christ, who came to show God's love equally to every person,. and the Holy Spirit who enable5 men and women to reach their full God-given potential. We believe in the Bible a5 the inspired word of God, and our guide on all rnatter5 of doctrine and practice. We are cornrnitted to Serve our community without discrimination of religion, race, nationality, culture, age or on any other ba515. We do not require any of ourclients to affirm or a55ent to any of the above Eth05 Statement. The trustee5 regularly reviewthe objective5 and activities of the charity and, as part of this review, have considered the Charitv Commission'5 general guidance on public benefit.
Page 2 JUBILEE+ la Company Limited by Guarantee) REPORT OF THE TRUSTEESIDIRECTORS FOR THE YEAR ENDED 31 MARCH 2023 ACHIEVEMENTSAND PERFORMANCE The charity carrie5 Out a range of activitie5 in pursuance of its charitable airns. The trustees considerthatthese activities, as surnrnarised below, provide benefitto any who are suffering because of poverty, financial hardship or Social exclusion. During the year under review, the main areas of progress and achievernent included.. Another succe55ful national conference- held as a hybrid conference, in person in Milton Keyne5, and online. Adding variou5 free video resources for churches to the lubilee+ web51te, e.g. Monday Mercy vide05, and addingvarious video resource5 that are free to partner churches, or available to purchase for all, to the lubilee+ web51te, e.g. Social Action FAQ5. Preparation and publication of resources, includingthrough partners, to support churches, such as the Responding to a Deepening Crisi5 booklet aboutthe c05t of living cri5i5, the Follow 10-se55ion course about generosity, kindne55, compassion, rnercy, and so on, and the Overflow children'5 curriculum for 5-11 year olds. Ongoing provi510n of consultancy and training Services to partrier5 and churche5. The development of theJ+ Advi50ry Group, lubilee+ Voice5, made up of people with recent Iwithin 5 years) lived experience of poverty. Working on material for a book about God'5 mercy. Running a pilot scheme of the children's curriculum for Sunday 5choo15 in 3 nurnber of churche5. Ongoing development of national and regional media profile. Increase in membership of theJubilee+ Partner Church Scheme. 10 Extensive range of public speaking Opportunities in church-based context5 and Christian conferences. 11 Ongoing impact of lubilee+ published book5. 12 High-quality social media and Zoorn-ba5ed output. 13 Ongoing increase in lubilee+ brand recognition. 14 Continued development of the Senior leadership tearn. 15 Developing and piloting youth materia15 in line with the children's curriculum. 16 Continued to develop key partner5hip5 With a variety of organi5ation5. 17 Continued weekly production and broadcasting of Monday Mercy videos. 18 Ongoirig developmerit of a booklet for people who are about to retire or newly retired. The trustee5 are very happy with the overall outcome of the above in meetingthe charity'5 stated objectives and en¥i5age sustained growth and development of the organisation within the foreseeable future. FINANCIAL REVIEW The trustee5 are sat15fied with the financial p051tion at al March 2023 and are optimistic that the strategie5 in place will lead to the charity being able to fulfil its medium-term growth objectives. INVESTMENT POLICY The trustee5 h3ve power to irivest any money riot immediately required for the furtherance of the charity's objects in or upon such investments, Securities (including the making of loan51 or property a5 may be thought fit, subject to such conditior15 lif ariyl arid such Consent lif any) as mayfrom time to time be imposed or required by law. RESERVES POLICY It 15 the intention of the trustees to maintain reserve5 at a minimum of three months committed costs, which are primarily salarie5 and core consultancyfees. This level of minimum reserves was comfortably achieved at both 31 March 2022 arid 31 March 2023
Page 3 JUBILEE+ la Company Limited by Guarantee) REPORT OF THE TRUSTEESIDIRECTORS FOR THE YEAR ENDED 31 MARCH 2023 PLANS FOR FUTURE PERIODS These include.. Continued development of the senior leadership tearn. National conference to take place as a hybrid online and in Brighton, in November 2023. Expansion of the Partner Church Scheme and employing a scheme leader. Development of further online training courses and material to resource churche5. Review of Jubilee+ operational managernent. Develop influence on variou5 poverty and justice policie5 through links with politlCi3n5. Continued development of media profile. Maintain Strong links with Newfrontiers UK-based"Sphere5". Maintain consultancy and training Services to partners and churche5. 10 Obtain speaking opportunitie5 in more major church national conferences and other settings. 11 Publication of youth materia15 in line with the children's curriculum. 12 Additional video rnaterial equipping churche5 and Christians to understand why matter5 of poverty and justice are so irnportant to God, and howthat should inspire Christians to 5UPPOrt those trapped in poverty and injustice in their Ioc31 comrnuriities. STRUCTURE. GOVERNANCEAND MANAGEMENT Governin Document The organi5atiOn 15 a charitable company, limited by guarantee, incorporated in England and Wale5. It is governed by Mernorandurn and Article5 of Association dated 20 June 2013 las amended by special resolution dated 13 November 20141 and was registered with the Charity Commission with effect from 6 January 2015. In the event of the company being wound up, member5 are required to contribute an amount not exceeding £10. ointment of Tru5tee5 Newtrustee5 are appointed on the recomrnendation of existing trusteeslmembers. There is a required minimum of three trustees but no maxirnurn number. Trustees, Induction and Trainin Trustees are alreadyfamiliar with the work of the charity a5they are eitherfounding tru5tee5 who have been involved from the beginning or have been appointed by the existing trustees to enhance the 5killlknowledge base of the charity. The trustees have induction procedures to ensure that new trustees understand their role5 and obligation5. As part of these procedures, trustee5 are a150 encouraged to attend appropriate internallexternal training event5to facilitate the undertaking of their roles. The management and administration of the charity 15 underthe control of the trustees who rneet three time5 per year. Day to day operational matter5 are delegated to the Chief Executive, N A William5. Risk Mana ernent The trustee5 have examined the major Strategic, busine55 and operational ri5k5 which the charity face5 and have 5V5tem5 in place to monitorth05e risk5 and to take action where necessary to mitigate them.
Page 4 JUBILEE+ la Company Limited by Guarantee) REPORT OF THE TRUSTEESIDIRECTORS FOR THE YEAR ENDED 31 MARCH 2023 REFERENCE AND ADMINISTRATIVE INFORMATION Charity Narne.. JUBILEE+ Company Regi5tr3tion Nurnber.. 08578163 (England and Wales) Date of Incorporatiori.. 20 June 2013 Registered Office.. The Hasting5 Centre The Ridge Hastin85 TN34 2SA Trustee5 and Directors.. G N Anris AJ Bigg5 J M L Charle5WOrth J R Evan5 Iresigned 30 September 20221 AJ Mcwilliam K M Welch N A Williams Company Secretary.. GNAnns Indeperident Examirier.. N Brougharn Thi5 report h35 been prepared in accordarice with the special provi5ion5 of Part 15 of the Companies Act relating to srnall companie5. Approval Thi5 report wa5 approved by the trusteesldirectors on 29 September 2023 and Signed on their behalf by.. AJ Mcwilliam Trustee
Page 5 INDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES OF JUBILEE4 I report tothe charity trusteeson myexamination of the accounts of the company for the yearto 31 March 2022 which are setout on pages 7t0 16. Res ort As the charity trusiees of the company land also its directors forthe purposes of company lawl you are responsible for the preparation of the accounts In accordance with ihe requirements of the Companies Aci 20061'ihe 26 Aci'l. Having saiisfied myself that the accounis of the company are not required to be audited under Part 16 of ihe 26 Aci and are eligible for independent examinaiion, I report In respect of my examination of your company's accounts as carried out under section 145 of ihe Charities Act 201 1 I'ihe 2011Act'l. In carrying out myexamination have followed the Oirections given by the Charity Commission under section 14515llbl of the 2011 Aci. endent Examiner's Statemeni I have completed my examination. I confirm that no matters have come to my attention In connection with the examination giving me cause to accounting records were noi kepi in respeci of ihe company as required by section 386 of the 2006 Act,- or the accounis do not accord wilh those records,- or Ihe accounis do not comply wilh the accounting requirements of section 396 of the 2006Act other than any requirement that the accounts the accounis have not been prepared in accordance wilh the methods and principles of the Staiement of Recommended Practice for 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 io enable a proper understandingof the accounts io be reached. N Brougham 86 Whitefield Road, Stockton Heath, Warrington, WA4 6NB Dated 29 September 2023
JUBILEE* la Company Llmlted by Guaranieel STATEMENTOF FINANCIAL AcnvmES FOR THEYEAR ENDED 31 MARCH Z023 Vnre5trKted Fund5 Restricted Fund5 Yearto 31 Yearto 31 Marih MarEh 2O2a 2022 Yearto 31 Yearto 31 Yearto 31 March 2O2a Yearto 31 March 2D22 Marih 2021 MarEh 2022 NDte$ INCOME 89,457 17,469 79,322 10,731 18,615 17,86D 108,072 17,469 97,182 ID,733 TOTALINCOME Lts6,926 ,055 18,615 17,860 125,541 107,915 EXPENDITURE ¥7,531 948 74,950 799 18,755 12,25S 116,29a 948 87,205 799 TOTALEXPENDIWRE 98,486 75,749 18,755 12,255 117,241 Net iniomellexpenditurelforthe year 14,306 11401 5,60S aoo 19,911 Totsl fund5 broughtforward 43,951 29,645 11478 6,873 $6A29 a6,Sl8 Total fund5 Carried Forward 52,391 43,951 12,338 12,478 64,729 56,429 All incomin4 resources and resuurie5 expended derivefrotn continuin4uperatlOll5.
PaEe 7 JUBILEE+ la Company Ltmiied by Guaranieel srATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 Not 2023 2022 FLKEDASSETS Tangible CURRENT*i8SETS B76 B57 599 2,290 53,817 Debtors Cash at b3nk 12 &4,164 86.B97 56,706 CURRENTUA8ILrnE5 13 1¥1681 NETCURRENT ASSETS 64,729 56,428 NET ASSETS 64,729 56.428 FUND BALANCES 14&15 14&15 56,323 8,406 64,729 43,951 12.478 56.429 Forthe period ending 31 M3rch 2023.th2 companyw3sentided to exemption from audit undersection 477 of the Comp3nies Act 2006 relatingto small the members have not requiredth2 companyto obtain an audit of itsaccount5forthe yearin question in accordance with section 476.. Thesefinancial st3tem2nts have prepared In accord3ncewith special provi510n50f Part 15 of theComp3nies Act 2006 relatingto small companies. Thesefinancial st3tem2ntswereapproved bythe truste2son 29 September 2023 3nd are signed on their behall bv..
PaEe8 JUBIIEE+ la CtsmpanylimitÈd byGuarantÈel NOTESTOTHE FINANCWLSTATEMENTS FOR THE YEAR ENDED 31 MARCH 202a ACCOUNTING POLICIES yéars pre&entsd unléss OtherwiStatsd. and theamountolirKome can MeaSUred reliablv. WhÈredonrK&Sifvlhat grants ordonation&mustSd In a futureaccounting period, the Income isdelerréd until those périods,. WhÈredonrK&1mpo(Od1I1OfflsWhlch hat0 beluwilléd belorethe charity bécome&entitled to usesuch income.the income Is déférred untilth WherÈdofflor5 spécifythatgrants ordofflations aré lora particularréstricted purpose, whithdo&s not amountto pre.conditions regardingéntitlement, the Rewurces Ex endéd Tan iblé Fixed 5153d DÈ FIMlure&, littl andequipMent-25%r2ducing balance Stock Débtors Tradé and other debtor&are récognisedatthesettlement amountduÈafteranytradÈdiscount offered. Prepayments are valued atthe amount prepaid n&tolany Concern
PaEe9 JUBIIEE+ la CtsmpanylimitÈd byGuarantÈel NOTESTOTHE FINANCWLSTATEMENTS FOR THE YEAR ENDED 31 MARCH 202a LEGALSTATUSOF 7HECHARir NAnON5 UnrestrTctedFunds 2023 Restricied Funds 2023 Total Funds 2023 2022 2022 2022 58,967 27,930 2,560 50.185 24.S32 4.305 58,967 28,305 20,800 50.185 24.S32 22.165 Othér Donation 375 18,240 17.860 89,457 79.322 18,615 17.860 108,072 97.182 INCOME FROM CHAWTABLE AcllvinES Unrestrlcted Funds Ye4rtoal 18 Months March to 31 March Restricted Funds Ve4rto al March Total Funds Yearto 31 March IB Months to IS Monthsto 31 March 2023 2022 2023 2022 2023 2022 Conleréfflcefées Speaking events Book5ales Sale of sourCe 9,091 5,622 2,553 203 7.S32 2.901 9,091 5,622 2,S53 203 7.S32 2.901 17,469 10.733 17,469 10.733 Rèstricted Funds 2023 2023 2022 2022 2023 2022 C05tsdlrecUyorlndlrectly altrTbutedtractTs'. 18,343 10.603 18,343 11,343 11,203 9,269 9,19B 8,025 7,253 1,886 I,S17 350 4,S74 10.603 Website. Contsnt and Widéoconlerences RÈsource&forchurche JUbilvOiceSadvIsOrygrop 9,269 9,19S 8,025 7,253 1,886 7.244 7.244 Supporting partnerchurchés Bor publi&hingproJect Reséarch S14 107 2.057 S14 107 2.057 350 196 107 Social Impact network- relugees 267 4,37S 2,495 2.762 9,528 232 9.528 232 5,lOS 44 5,OlS 5,OIB Network dévelopment Costs nolapp00ed as pernoie6below.' 6.324 6.324 2&129 936 33.296 1.526 22,129 946 33.296 1.526 GOrnanCe costs 97,538 74.950 18,755 12.255 116,186 87.205
P8gelO JUBIIEE+ la CtsmpanylimitÈd by GuarantÈel NOTESTOTHE FINANCWLSTATEMENTS FOR THE YEAR ENDED 31 MARCH 202a SUPPORTCOST5ANO GOVERNANCE COSTSNOT ALLofATEDTO AcnvrnES Supportcosts Unrestrlcied Funds 2023 Govemance Costs Unre5trfcted Fund5 2023 Totsl Costs 2023 2022 2022 2022 Managementand administration 2&129 33.296 22,129 S76 33.296 616 910 576 460 616 910 Trust. Méeting exnSeS 22,129 33.296 936 45,194 34.822 NET INCOMEIEXPENDrfuRE FOR THE PERIOD Yearto 31 March 2023 IS Monthsto 31 March 2022 44,942 31,050 36.146 TrustéÈ&émoluMÈnts Inote 171 2.580 STAFF COSTSANDNUMBER5 Yearto 31 March IS Monthsto 31 March 2023 2022 40,141 4,801 32.S96 3.250 44,942 DuringthÈyeartoMarch 2023.thÈcharityÈmployed an average FfE equivalentol I memberolstatll2022.. 11. PENSIONCOSTS The pénsion co&t&intheyearol£I¢l8 Month&to 31 March 2022-. £32501 repre1 payments du&tothé defined contribution nsIonsChgMé0pQr3tÈdt0r TAXATION A&a registerédcharity.jubi1iS exemptfromtsxon its IncomÈund&r Sértion505 oftheTaxesAct1988 provided thatsuch income Is appliedlorcharitabl purpo&e&onlv 11 TANGIBLEFIXEOA55Ers TherÈwerÈnotangible Iixedassetsorcapitsl expenditurecommitments at 31 March 2023or 31 March 2022 DEBTORSAND PREPAYMENrs 2023 2022 Othérdebtors 2,857 2.290 Prépayment&andaccrued Income 2,857 2.290 CREDrroRS.. Amount5falllnEduewfthTn rlne year 2023 2022 Accrual&and deferred income 22,0 150 128 278 168 22,168
Pagell JUBIIEE+ la CtsmpanylimitÈd byGuarantÈel NOTESTOTHE FINANCWLSTATEMENTS FOR THE YEAR ENDED 31 MARCH 202a 14 ANALYSISOF NET ASSETS BETWEEN FUN05 Unrestricted Restricted Total Cash at bank 52,757 876 2.857 30.406 83.163 S76 2.S57 Accrual&and deferred income 56.323 8.406 64.729 STATEMENTOF FUN05 at IApril 2022 Jtsat31 March 2023 Incom Unrestrlcted Funds.. 43.951 106,926 3.932 56.323 Re5trftted Fund5'. RÈfugéÈrewurce centrelorchurches 4.378 3.932 4.168 940 Partner Church Schémé Leader IPCSLI Adviwry Group CEO Salarysupport Total restricted lunds 17,300 375 18,615 8.031 375 8.405 12.478 Ttstsl Fund5 56.429 125,541 64.729 Re5trftted Fund5 Partner Church Scheme Leader PCSL Advi Grou CEO la Su providesomefinancial sUprtIor3 ri0010n year.
Page12 JUBIIEE+ la CtsmpanylimitÈd byGuarantÈel NOTESTOTHE FINANCWLSTATEMENTS FOR THE YEAR ENDED 31 MARCH 202a 16 CONTROLUNG PARTY Throughoiitthe currentand previous périods of thecharitywas underthecontrol olthe 8oard ofTru&tee&lDirectors. 17 TRANSAclloNSMllTH TRU57EE5ANO RELATEO PARTIE5 A&permitted bytheArticlesolJtssociation olthecharity. consultafflt&fees. &alar1é5 and expen5 have paidtotrustees.Tru&tÈe&have also mad&donations 2023 2022 Consulta J M LCharlÈsworth 9.0 Salar Costs Salary 2S.227 2.823 31.050 23.760 2.375 andother evénts GNAnn AJ Biggs J M LCharlÈsworth K Welch 90 Unréstricted donations tothechari 17.827 Barnabas Communitychurch. wheréj M L Charle&worth Is atrustseldirector.