2022-04-30-accounts

COMPANY REGISTRATION NUMBER: 09532300 CHARITY REGISTRATION NUMBER: 1164524

JUBILEE PRIESTHOOD CENTRE Company Limited by Guarantee Unaudited Financial Statements 30 April 2022

JAVY AND CO LTD

Chartered Certified Accountants 127 Sewell Road London SE2 9DH

JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Financial Statements

Year ended 30 April 2022

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	6
Statement of financial activities (including income and
expenditure account)	7
Statement of financial position	8
Statement of cash flows	10
Notes to the financial statements	11
The following pages do not form part of the financial statements
Detailed statement of financial activities	20
Notes to the detailed statement of financial activities	21

JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 April 2022

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 April 2022.

Reference and administrative details

Registered charity name JUBILEE PRIESTHOOD CENTRE Charity registration number 1164524 Company registration number 09532300 Principal office and registered 14 Boundaries Road office Feltham London TW13 5DS United Kingdom

The trustees

Rev William Anane-Forkuo Mr Francis Nana Kofi Akyeampong Mr Yussuf Mwanza Mr Baah-Achamfour Kwabena William Owusu Independent examiner Mr Johnson Akpebu - FCCA, MBA(Fin) 127 Sewell Road London SE2 9DH

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 April 2022

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 08 April 2015. The charity is governed by an Articles and Memorandum of Association which established the objects and powers of the charitable company. It was registered with the Charity Commission on 23 November 2015 with registration number 1164524.The trustees who are also the directors for the purpose of company law, and who served during the year were:

Rev William Anane-Forkuo Mr Henry Owusu Acheampong (Retired 3 February 2017) Mr Francis Nana Kofi Akyeampong Mrs Dinah Laryea (Retired 3 February 2017) Mr Yussuf Mwanza Mr Baah-Achamfour Kwabena William Owusu

The Church operates under the leadership, directorship, and supervision of a technically elected Board of Trustees. The board of trustees is made up of the chairpersons of the church's administrative board committees who are elected to serve a two-year term of office.

Trustees Induction and Training

Elections are conducted in May of the year and the elected trustees are inducted into office in June thereby allowing for a two-month transition period. Additional training is organised throughout the year as and when the need arises to keep them up to date with new developments as a way of ensuring that they are aware of their responsibilities and roles as trustees. Most trustees are familiar with the workings of the church and charity being drawn from long-standing church members and Christians from other denominations that have a skill set to offer and an empathy with our core values. An information pack has been prepared from Charity Commission signpost through the commissions guide "the Essential Trustee" this is given to all new Trustees couple with training seminars. New trustees are invited and encouraged to attend a series of short training sessions led by the Chair of the trustees who is the resident Pastor. These covers: The Obligation of trustees, The main documents of the charity - - Memorandum and Article of Association, The Charities Financial Statements and the future plans and objectives. The board of trustees is made up of 12 members who administer the charity. The board is drawn from the chairpersons of the various administrative committees such as finance, welfare, and youth development. Whereas the committee members meet regularly during the year, the board of trustees meet every quarter in a year to review and take decisions regarding the running of the church

Statement of Trustee responsibilities

The Trustees are responsible for preparing the Trustee Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustee to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these accounts, the Trustee are required to: -select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and - prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in in operation. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 April 2022

Objectives and activities

The Charity's Public Benefit The main aims and objectives of the charity are:

The advancement of the Christian religion faith for the benefit of the public, in particular but not exclusively by providing place of worship and broadcasting Christian faith messages of an evangelistic and teaching nature.

The advancement of Education for the public benefit in particular but not exclusively by providing radio broadcasts, distribution of Christian literature leaflets, providing seminars and retreats periodically in a courteous and respectful way.

The prevention or relief of poverty by providing donations or items to individuals in need and/or charities, or other organisations working to prevent or relieve poverty the furtherance of such other purposes as are exclusively charitable according to the laws of England and Wales as the trustees from time to time determine

Encouraging relationships with and supporting local churches and other Christians.

Supporting and encouraging charitable social action in the United Kingdom and abroad.

Giving and encouraging pastoral and welfare care to individuals and groups.

Strategic report

The strategy employed to achieve the objectives of the charity have continued to be regular church services, Christian conventions, crusades and ministering the word of God.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 April 2022

Achievements and performance

The trustees can report on the year ending 30th of April 2022. The year ending 30th of April 2022 with global economic crises just as we were recuperating from the Covid-19 Pandemic. The church still operates through different mediums such as online platforms and in person for those who are comfortable. With the intent and goal to keep up the faith and hope of church members. Even though Covid-19 is not as potent, the church still implemented Covid-19 measures at the church premises as directed by the Government for the safety of all who attend our services in the building. The church provided food and other items to the elderly and vulnerable in the community. We once more would like to appreciate all those who have answered the Lord's call to serve, for the great work they are doing in assisting those in need. We have tailor made leaflets with our contact information where individuals can call for pastoral support. This has proven to be a helpful resource and hence we will continue to invest more into this area in the years to come. We believe music is one of the tools we can utilise as a strategy for outreach within our community and hence during this year we organised a musical concert where the community was invited. We will continue to prioritise meeting the needs of the people in our church and community. For this reason, we have kept our yearly commitment in visiting our local hospital, West Middlesex Hospital the Children ward (Sunshine ward). In consultation with the ward manager, we have been able to donate items that were needed and helpful to the patients and their parents who were in the ward at any given time. Last year we also had the opportunity to help the homeless. After contacting a homeless organisation called SPEARS in Richmond also within our community, we were able to visit them and send them clothing and toiletries. We are hoping to feed homeless with hot meal once a month and have therefore contacted the council to help us to find where we can get the homeless ourselves.

Financial review

The total incoming resources for the year was £166,865 (2021 -£173,926) which represents a decrease of £7,061 or 4.06% on the previous year. The total resources expended for the year was £171,607 (2021-£150,572) which represents a decrease of £21,035 or 13.97% on the previous year. The overall effect resulted in a deficit of £4,742 (2021 - £23,354). The trustees are truly grateful to the faithful members and visitors for their continued support of the charity.

Reserve Policy

The trustees recognise the need to maintain reserves. Unrestricted funds are needed to cover the day-to-day administration and support costs of the charity. It is a policy to hold reserves of approximately three months' expenditure in addition to any designated funds. Even though no formal policy is in place, they have always kept reserves at a level that exceeds the current periods running and administration expenses. Reserves funds are always maintained at levels that mitigate unexpected incidents including sudden increase in expenses, unexpected loss of income, uninsured losses or one-time nonrecurring expenses that build long term capacity.

Risk Management

The major risks to which the charity is exposed have been identified as the safeguarding the assets of charity and ensuring funds are applied for charitable purposes. Systems and strategies have been put in place to mitigate these risks. Income and expenditure are monitored through the setting of budgets which are compared with actual figures. Regular finance quarterly reports are given to members in the congregations

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 April 2022

Plans for future periods

The church continues to put in place ways to make it function efficiently while fulfilling its mission. Hence, we will endeavour to consolidate and improve our structures and operations. This period we review our statement of objectives document to suit our aspirations.

Our plans for the coming years are great. We intend: To reach out and to disciple the unsaved for Christ. To equip Believers to be rooted and grounded in the Word. To develop a strong missionary church, increase church attendance, develop an enthusiastic multicolour church, develop a vibrant and godly Youth Ministry,practically engage with our local community more, be more prudent in our spending, have a scheme which support the youth in the community to have sense of purpose and to acquire our own place of worship There are many more things we would like to do through avenues like counselling and education to the young people Helping adults who may be illiterate in computer use and helping them to have the confidence in writing their own CV's and hence coming out of the public funds (Universal credit).

Financial instruments

The trustees' annual report and the strategic report were approved on 19 November 2022 and signed on behalf of the board of trustees by:

Rev William Anane-Forkuo Trustee

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of JUBILEE PRIESTHOOD CENTRE

Year ended 30 April 2022

I report to the trustees on my examination of the financial statements of JUBILEE PRIESTHOOD CENTRE ('the charity') for the year ended 30 April 2022.

Responsibilities and basis of report

Independent examiner's statement

In connection with my examination, no matter has come to my attention:(1) which gives me reasonable cause to believe that in any material respect the requirements:

" to keep accounting records in accordance with section 386 of the Companies Act 2006, and

• " to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met, or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Johnson Akpebu - FCCA,MBA(Fin)

These accounts have NOT yet been signed by the accountant. The name and address of the accountant has therefore been suppressed.

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Statement of Financial Activities (Including income and expenditure account)

Year ended 30 April 2022

			2022		2021
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	166,865	–	166,865	173,924
Investment income	6	–	–	–	2
		─────────	────	─────────	─────────
Total income		166,865	–	166,865	173,926
		═════════	════	═════════	═════════
Expenditure
Expenditure on charitable activities	7,8	171,607	–	171,607	150,572
		─────────	────	─────────	─────────
Total expenditure		171,607	–	171,607	150,572
		═════════	════	═════════	═════════
		─────────	────	─────────	─────────
Net (expenditure)/income		(4,742)	–	(4,742)	23,354
		═════════	════	═════════	═════════
Transfers between funds		(21,300)	21,300	–	–
		─────────	────────	─────────	─────────
Net movement in funds		(26,042)	21,300	(4,742)	23,354
Reconciliation of funds
Total funds brought forward		258,241	5,117	263,358	240,004
		─────────	────────	─────────	─────────
Total funds carried forward		232,199	26,417	258,616	263,358
		═════════	════════	═════════	═════════

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

The notes on pages 11 to 18 form part of these financial statements.

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Statement of Financial Position

30 April 2022

		2022		2021
	Note	£	£	£
Fixed assets
Tangible fixed assets	13		673,024	690,116
Current assets
Debtors	14	5,673		5,837
Cash at bank and in hand		27,265		6,596
		────────		────────
		32,938		12,433
Creditors: amounts falling due within one year	15	30,103		5,861
		────────		────────
Net current assets			2,835	6,572
			─────────	─────────
Total assets less current liabilities			675,859	696,688
Creditors: amounts falling due after more than
one year	16		417,243	433,330
			─────────	─────────
Net assets			258,616	263,358
			═════════	═════════
Funds of the charity
Restricted funds			26,417	5,117
Unrestricted funds			232,199	258,241
			─────────	─────────
Total charity funds	18		258,616	263,358
			═════════	═════════

For the year ending 30 April 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The statement of financial position continues on the following page.

The notes on pages 11 to 18 form part of these financial statements.

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Statement of Financial Position (continued)

30 April 2022

These financial statements were approved by the board of trustees and authorised for issue on 19 November 2022, and are signed on behalf of the board by:

Rev William Anane-Forkuo Trustee

The notes on pages 11 to 18 form part of these financial statements.

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Statement of Cash Flows

Year ended 30 April 2022

	2022	2021
	£	£
Cash flows from operating activities
Net (expenditure)/income	(4,742)	23,354
Adjustments for:
Depreciation of tangible fixed assets	17,092	18,080
Other interest receivable and similar income	–	(2)
Interest payable and similar charges	17,421	23,838
Accrued expenses	130	–
Changes in:
Trade and other debtors	164	(350)
Trade and other creditors	24,112	(28,798)
	────────	────────
Cash generated from operations	54,177	36,122
Interest paid	(17,421)	(23,838)
Interest received	–	2
	────────	────────
Net cash from operating activities	36,756	12,286
	════════	════════
Cash flows from investing activities
Purchase of tangible assets	–	(5,417)
	────────	────────
Net cash used in investing activities	–	(5,417)
	════════	════════
Cash flows from financing activities
Proceeds from borrowings	(16,087)	(2,792)
Payments of finance lease liabilities	–	(3,473)
	────────	────────
Net cash used in financing activities	(16,087)	(6,265)
	════════	════════
Net increase in cash and cash equivalents	20,669	604
Cash and cash equivalents at beginning of year	6,596	5,992
	────────	───────
Cash and cash equivalents at end of year	27,265	6,596
	════════	═══════

The notes on pages 11 to 18 form part of these financial statements.

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 April 2022

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 14 Boundaries Road, Feltham, London, TW13 5DS, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

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

These accounts for the period ended 30 April 2016 are the first accounts of Jubilee Priesthood Centre prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The trustees considered whether restatement of comparative is required. The trustees believe that no such restatement is necessary. The date of transition to FRS 102 was 08 April 2015

Public Benefit Entity

The charity is a Public Benefit Entity as defined by FRS 102

Taxation

As a registered charity, it is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value added tax is not recoverable by the charity and is therefore included in the relevant costs in the Statement of Financial Activities.

Going concern

At the time of approving the accounts, the trustee has a reasonable expectation that the charity have adequate resources to continue in operational existence for the foreseeable future. Thus the Trustee continue to adopt the going concern basis of accounting in preparing the accounts

Judgements and key sources of estimation uncertainty

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have s significant risk of causing a material adjustment to the carrying amounts of assetes and liabilities within the next reporting period

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 April 2022

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 April 2022

3. Accounting policies (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Motor Vehicle	-	25% reducing balance
Equipment	-	25% reducing balance
Instrument	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 April 2022

3. Accounting policies (continued)

Impairment of fixed assets (continued)

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

The Charity is a limited by guaranteed company. In an event of the company being wound up the members are required to contribute an amount not exceeding £10.

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	£	£	£	£
Donations
Offerings	67,305	67,305	76,589	76,589
Tithes	59,694	59,694	34,492	34,492
Thanksgiving	1,020	1,020	4,816	4,816
Pledges	–	–	145	145
Special offering	8,036	8,036	4,155	4,155
Gifts
HMRC Gift Aid	18,443	18,443	20,705	20,705
Grants
HMRC Grants	12,367	12,367	33,022	33,022
	─────────	─────────	─────────	─────────
	166,865	166,865	173,924	173,924
	═════════	═════════	═════════	═════════

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 April 2022

6. Investment income

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		£	£	£	£
	Bank interest receivable	–	–	2	2
		════	════	════	════
7.	Expenditure on charitable activities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		£	£	£	£
	Evangelism and events	98,444	98,444	71,226	71,226
	Stewardship and Donations	34,633	34,633	33,818	33,818
	Bank loan interest	17,421	17,421	23,838	23,838
	Support costs	21,109	21,109	21,690	21,690
		─────────	─────────	─────────	─────────
		171,607	171,607	150,572	150,572
		═════════	═════════	═════════	═════════
8.	Expenditure on charitable activities by activity type
		Activities
		undertaken		Total funds	Total fund
		directly	Support costs	2022	2021
		£	£	£	£
	Evangelism and events	98,444	–	98,444	71,226
	Stewardship and Donations	34,633	–	34,633	33,818
	Bank loan interest	17,421	–	17,421	23,838
	Governance costs	–	21,109	21,109	21,690
		─────────	────────	─────────	─────────
		150,498	21,109	171,607	150,572
		═════════	════════	═════════	═════════
9.	Net (expenditure)/income
	Net (expenditure)/income is stated after	charging/(crediting):
				2022	2021
				£	£
	Depreciation of tangible fixed assets			17,092	18,080
				════════	════════
10.	Independent examination fees
				2022	2021
				£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements			1,560	1,560
				═══════	═══════
11.	Staff costs

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 April 2022

11. Staff costs (continued)

The average head count of employees during the year was 4 (2021: 4). The average number of full-time equivalent employees during the year is analysed as follows:

2022 2021 No. No. Number of staff 4 4 ════ ════

No employee received employee benefits of more than £60,000 during the year (2021: Nil).

12. Trustee remuneration and expenses

None of the Trustee (or any persons connected with them) received any remuneration or benefits from the charity during the year.

13. Tangible fixed assets

	Land and	Motor
	buildings	vehicles	Equipment	Instruments	Total
	£	£	£	£	£
Cost
At 1 May 2021 and
30 April 2022	706,528	16,782	13,737	4,715	741,762
	═════════	════════	════════	═══════	═════════
Depreciation
At 1 May 2021	28,261	12,799	6,710	3,876	51,646
Charge for the year	14,131	996	1,756	209	17,092
	─────────	────────	────────	───────	─────────
At 30 April 2022	42,392	13,795	8,466	4,085	68,738
	═════════	════════	════════	═══════	═════════
Carrying amount
At 30 April 2022	664,136	2,987	5,271	630	673,024
	═════════	════════	════════	═══════	═════════
At 30 April 2021	678,267	3,983	7,027	839	690,116
	═════════	════════	════════	═══════	═════════
Debtors
				2022	2021
				£	£
Other debtors				5,673	5,837
				═══════	═══════
Creditors: amounts falling due within one year
				2022	2021
				£	£
Other creditors				25,664	4,661
Accruals and deferred income				1,230	1,100
Social security and other taxes				3,058	–
Pension				151	100
				────────	───────
				30,103	5,861
				════════	═══════

14. Debtors

15. Creditors: amounts falling due within one year

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 April 2022

16. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loans and overdrafts	417,243	433,330
	═════════	═════════

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 measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

17. Pensions and other post-retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £670 (2021: £448).

18. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At					At
	1 May 2021	Income	Expenditure	Transfers	30 April 2022
	£	£	£	£		£
General funds	258,241	166,865	(171,607)	(21,300)		232,199
	═════════	═════════	═════════	════════		═════════
	At					At
	1 May 2020	Income	Expenditure	Transfers		30 April 2021
	£	£	£	£		£
General funds	234,825	173,926	(150,572)	62		258,241
	═════════	═════════	═════════	════		═════════
Restricted funds
	At					At
	1 May 2021	Income	Expenditure	Transfers	30 April 2022
	£	£	£	£		£
Building Fund	5,117	–	–	21,300		26,417
	═══════	════	════	════════		════════
	At					At
	1 May 2020	Income	Expenditure	Transfers		30 April 2021
	£	£	£	£		£
Building Fund	5,179	–	–	(62)		5,117
	═══════	════	════	════		═══════

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JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 April 2022

19. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Tangible fixed assets	673,024	–	673,024
Current assets	32,938	–	32,938
Creditors less than 1 year	(30,103)	(26,417)	(56,520)
Creditors greater than 1 year	(390,826)	–	(390,826)
	─────────	────────	─────────
Net assets	285,033	(26,417)	258,616
	═════════	════════	═════════
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	£	£	£
Tangible fixed assets	690,116	–	690,116
Current assets	12,433	–	12,433
Creditors less than 1 year	(5,861)	(5,117)	(10,978)
Creditors greater than 1 year	(428,213)	–	(428,213)
	─────────	───────	─────────
Net assets	268,475	(5,117)	263,358
	═════════	═══════	═════════
Analysis of changes in net debt
	At		At
	1 May 2021	Cash flows	30 Apr 2022
	£	£	£
Cash at bank and in hand	6,596	20,669	27,265
Debt due after one year	(433,330)	16,087	(417,243)
	─────────	────────	─────────
	(426,734)	36,756	(389,978)
	═════════	════════	═════════

20. Analysis of changes in net debt

- 18 -

JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Management Information

Year ended 30 April 2022

The following pages do not form part of the financial statements.

- 19 -

JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 30 April 2022

Year ended 30 April	2022
	2022	2021
	£	£
Income and endowments
Donations and legacies
Offerings	67,305	76,589
Tithes	59,694	34,492
Thanksgiving	1,020	4,816
Pledges	–	145
Special offering	8,036	4,155
HMRC Gift Aid	18,443	20,705
HMRC Grants	12,367	33,022
	─────────	─────────
	166,865	173,924
	─────────	─────────
Investment income
Bank interest receivable	–	2
	────	────
	─────────	─────────
Total income	166,865	173,926
	═════════	═════════
Expenditure
Expenditure on charitable activities
Wages and salaries	51,868	40,575
Pension costs	670	448
Rent	2,665	3,000
Repairs and maintenance	21,232	5,048
Insurance	910	1,441
Motor vehicle expenses	8,286	4,422
Legal and professional fees	4,015	1,573
Telephone	624	1,189
Other office costs	1,884	6,323
Depreciation	17,094	18,080
Interest on bank loans and overdrafts	17,421	23,798
Other interest payable and similar charges	–	40
Pastoral allowance and Social events	25,639	27,975
Honararium and musicians	10,590	6,660
Charitable donations and Printing	1,666	3,217
Hospitality and welfare	7,043	6,783
	─────────	─────────
	171,607	150,572
	─────────	─────────
	─────────	─────────
Total expenditure	171,607	150,572
	═════════	═════════
	─────────	─────────
Net (expenditure)/income	(4,742)	23,354
	═════════	═════════

- 20 -

JUBILEE PRIESTHOOD CENTRE

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 30 April 2022

Year ended 30 April 2022
	2022	2021
	£	£
Expenditure on charitable activities
Evangelism and events
Activities undertaken directly
Direct charitable activity - wages/salaries	51,868	40,575
Direct charitable activity - pension costs	670	448
Direct charitable activity - rates, water, light and heat	2,665	3,000
Direct charitable activity - repairs & maintenance	21,232	5,048
Direct charitable activity - insurance	910	1,441
Direct charitable activity - motor vehicle expenses/travel costs	8,286	4,422
Direct charitable activity - Website and telephone	624	1,189
Direct charitable activity - other office costs	1,884	4,286
Direct charitable activity - Social Events and Evangelism	1,939	3,708
Direct charitable activity - Honorarium	1,870	1,260
Direct charitable activity - Post, Print and Stationery	1,586	1,117
Direct charitable activity - Welfare of church members	4,910	4,732
	────────	────────
	98,444	71,226
	────────	────────
Stewardship and Donations
Activities undertaken directly
Direct charitable activity - Pastoral allowance	23,700	24,267
Direct charitable activity - Musicians allowance	8,720	5,400
Direct charitable activity - Donation to Charitable organisation	80	2,100
Direct charitable activity - Hospitality	2,133	2,051
	────────	────────
	34,633	33,818
	────────	────────
Bank loan interest
Activities undertaken directly
Direct charitable activity - interest on bank loans and overdrafts	17,421	23,798
Direct charitable activity - other interest payable and similar charges	–	40
	────────	────────
	17,421	23,838
	────────	────────
Governance costs
Governance costs - accountancy fees	1,560	1,560
Governance costs - legal and other professional fees	2,455	13
Governance costs - gift aid	–	2,037
Governance costs - depreciation	17,094	18,080
	────────	────────
	21,109	21,690
	────────	────────
	─────────	─────────
Expenditure on charitable activities	171,607	150,572
	═════════	═════════

- 21 -