2024-04-30-accounts

COMPANY REGISTRATION NUMBER: CE031138 CHARITY REGISTRATION NUMBER: 1164524

JUBILEE PRIESTHOOD CENTRE Charitable Incorporated Organisation Unaudited Financial Statements 30 April 2024

JAVY AND CO LTD

Chartered Certified Accountants 127 Sewell Road London SE2 9DH

JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Financial Statements

Year ended 30 April 2024

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	7
Statement of financial activities (including income and
expenditure account)	8
Statement of financial position	9
Statement of cash flows	11
Notes to the financial statements	12
The following pages do not form part of the financial statements
Detailed statement of financial activities	21
Notes to the detailed statement of financial activities	22

JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

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

Year ended 30 April 2024

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 2024.

Reference and administrative details

Registered charity name JUBILEE PRIESTHOOD CENTRE Charity registration number 1164524 Company registration number CE031138 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 Mrs Mercy Acheampong Independent examiner Mr Johnson Akpebu - FCCA, MBA(Fin) 127 Sewell Road London SE2 9DH

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JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

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

Year ended 30 April 2024

Structure, governance and management

The organisation was initially Charitable Company Limited by Guarantee, incorporated on 08 April 2015 but has been converted into Charitable Incorporated Organisation (CIO) on 28 October 2022 in accordance with Charitable Incorporated Organisation’s (Conversion) Regulations. The Charity has now adopted a constitution 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 Francis Nana Kofi Akyeampong Mrs Mercy Acheampong

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. Safeguarded 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

Charitable Incorporated Organisation

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

Year ended 30 April 2024

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

Charitable Incorporated Organisation

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

Year ended 30 April 2024

Achievements and performance

The year ending 30 April 2024 has been one of growth and achievement. Membership and income have increased, reflecting the strength and commitment of our congregation.

As a local church, we remain dedicated to strengthening the community by offering biblical counselling on the importance of family and extending support to other charities. Throughout the year, we have organized impactful events, retreats, and conferences aimed at enriching lives and fostering fellowship. One of the highlights of 2024 was a community fun day, designed to bring families together in a spirit of unity and joy.

Youth and children continue to be at the heart of our mission. Through regular spiritual and educational experiences in a family-oriented setting, we provide a welcoming environment for all young people, regardless of their background, faith, gender, or beliefs. We believe these engagements play a vital role in nurturing spiritual growth and encouraging individuals to embrace Christ.

Our global vision-a church where everyone is valued and a place of refreshing (Exodus 15:27)-guides all that we do. We are steadily realizing our goal of establishing a vibrant, spiritually empowered, and mission-ready church. Our programs are thoughtfully designed to align with this vision and are fully supported through the generous donations of our members.

Transparency and accountability remain a priority. We have implemented stringent financial measures, streamlined audits, and ensured integrity in all our operations. Our engagement with the wider community has also expanded through the strategic use of social media and our church website, enabling us to publicize events, share updates, and connect with members more effectively.

Special initiatives, such as the women's and men's fellowships, have made great strides in fostering deeper relationships within the congregation. To strengthen families in our community, we organized a couples' retreat, open to all, with the aim of nurturing healthy, faith-based relationships. The annual youth-led crusade was another milestone, offering young people an opportunity to grow spiritually while inspiring others.

We continue to reach out to those in need, regularly engaging with individuals on our high streets-especially young people who may feel lost or without purpose-offering them hope and guidance. To enhance our pastoral support, we have created tailor-made leaflets with contact information for those seeking spiritual assistance, and we plan to invest further in this area in the coming years.

Music remains a powerful outreach tool. Our annual musical concert served as a beacon of hope in uncertain times, uplifting the community and reminding them of God's presence in their lives. Additionally, we upheld our long-standing tradition of visiting West Middlesex Hospital's Children's Ward (Sunshine Ward), providing much-needed donations to support patients and their families.

We were also privileged to extend our outreach to the homeless, helping those in need. Several individuals have benefited, and we remain committed to continuing these efforts.

Finally, we extend our deepest gratitude to all who have answered the Lord's call to serve. Your dedication and hard work are instrumental in advancing the mission of the church. As we move forward, we remain steadfast in our purpose-to be a source of light, love, and hope in our community.

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JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

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

Year ended 30 April 2024

Financial review

The total incoming resources for the year was £226,624 (2023 -£161,936) which represents an increase of 39.94% on the previous year. The total resources expended for the year was £192,641 (2023-£166,763) which represents an increase of 15.52% on the previous year. The overall effect resulted in a surplus of £33,983 (2023 - £4,827 deficit). 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.

Plans for future periods

The church continues to put in place ways to make it function efficiently and purchase its own building 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.

We are happy to report that progress has been recorded towards purchasing our own building. In all this we remain focused in our mission as a Church to bring more souls to Christ. 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, acquire our own place of worship, 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 when we have a building of our own with 24/7 access. 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).

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JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

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

Year ended 30 April 2024

The trustees' annual report and the strategic report were approved on 15 February 2025 and signed on behalf of the board of trustees by:

Rev William Anane-Forkuo Trustee

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JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

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

Year ended 30 April 2024

I report to the trustees on my examination of the financial statements of JUBILEE PRIESTHOOD CENTRE ('the charity') for the year ended 30 April 2024.

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)

Mr Johnson Akpebu - FCCA, MBA(Fin) Independent Examiner

127 Sewell Road London SE2 9DH

15 February 2025

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JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Statement of Financial Activities (including income and expenditure account)

Year ended 30 April 2024

			2024		2023
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	226,624	–	226,624	161,936
		─────────	────	─────────	─────────
Total income		226,624	–	226,624	161,936
		═════════	════	═════════	═════════
Expenditure
Expenditure on charitable activities	6,7	192,641	–	192,641	166,763
		─────────	────	─────────	─────────
Total expenditure		192,641	–	192,641	166,763
		═════════	════	═════════	═════════
		─────────	────	─────────	─────────
Net income/(expenditure)		33,983	–	33,983	(4,827)
		═════════	════	═════════	═════════
Transfers between funds		(40,527)	40,527	–	–
		─────────	────────	─────────	─────────
Net movement in funds		(6,544)	40,527	33,983	(4,827)
Reconciliation of funds
Total funds brought forward		238,889	14,900	253,789	258,616
		─────────	────────	─────────	─────────
Total funds carried forward		232,345	55,427	287,772	253,789
		═════════	════════	═════════	═════════

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 12 to 19 form part of these financial statements.

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JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Statement of Financial Position

30 April 2024

		2024		2023
	Note	£	£	£
Fixed assets
Tangible fixed assets	12		641,283	657,216
Current assets
Debtors	13	–		6,379
Cash at bank and in hand		57,998		16,710
		────────		────────
		57,998		23,089
Creditors: amounts falling due within one year	14	23,726		24,892
		────────		────────
Net current assets			34,272	(1,803)
			─────────	─────────
Total assets less current liabilities			675,555	655,413
Creditors: amounts falling due after more than
one year	15		387,783	401,624
			─────────	─────────
Net assets			287,772	253,789
			═════════	═════════
Funds of the charity
Restricted funds			55,427	14,900
Unrestricted funds			232,345	238,889
			─────────	─────────
Total charity funds	17		287,772	253,789
			═════════	═════════

For the year ending 30 April 2024, 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 12 to 19 form part of these financial statements.

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JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Statement of Financial Position (continued)

30 April 2024

These financial statements were approved by the board of trustees and authorised for issue on 15 February 2025, and are signed on behalf of the board by:

Rev William Anane-Forkuo Trustee

The notes on pages 12 to 19 form part of these financial statements.

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JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Statement of Cash Flows

Year ended 30 April 2024

Year ended 30 April 2024
	2024	2023
	£	£
Cash flows from operating activities
Net income/(expenditure)	33,983	(4,827)
Adjustments for:
Depreciation of tangible fixed assets	15,933	16,535
Interest payable and similar charges	30,667	17,888
Accrued expenses	1	–
Changes in:
Trade and other debtors	6,379	(706)
Trade and other creditors	(1,167)	(5,211)
	────────	────────
Cash generated from operations	85,796	23,679
Interest paid	(30,667)	(17,888)
	────────	────────
Net cash from operating activities	55,129	5,791
	════════	════════
Cash flows from investing activities
Purchase of tangible assets	–	(727)
	────────	────────
Net cash used in investing activities	–	(727)
	════════	════════
Cash flows from financing activities
Proceeds from borrowings	(13,841)	(15,619)
	────────	────────
Net cash used in financing activities	(13,841)	(15,619)
	════════	════════
Net increase/(decrease) in cash and cash equivalents	41,288	(10,555)
Cash and cash equivalents at beginning of year	16,710	27,265
	────────	────────
Cash and cash equivalents at end of year	57,998	16,710
	════════	════════

The notes on pages 12 to 19 form part of these financial statements.

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JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Notes to the Financial Statements

Year ended 30 April 2024

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 assets and liabilities within the next reporting period

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JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 30 April 2024

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

Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 30 April 2024

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

Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 30 April 2024

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	2024	Funds	2023
	£	£	£	£
Donations
Offerings	124,191	124,191	112,550	112,550
Tithes	43,038	43,038	23,167	23,167
Thanksgiving	1,401	1,401	2,770	2,770
Special offering	36,184	36,184	5,569	5,569
Gifts
HMRC Gift Aid	21,810	21,810	17,880	17,880
	─────────	─────────	─────────	─────────
	226,624	226,624	161,936	161,936
	═════════	═════════	═════════	═════════

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JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 30 April 2024

6. Expenditure on charitable activities by fund type

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2024	Funds	2023
	£	£	£	£
Evangelism and events	107,742	107,742	95,621	95,621
Stewardship and Donations	36,464	36,464	34,113	34,113
Bank loan interest	30,667	30,667	17,888	17,888
Support costs	17,768	17,768	19,141	19,141
	─────────	─────────	─────────	─────────
	192,641	192,641	166,763	166,763
	═════════	═════════	═════════	═════════

7. Expenditure on charitable activities by activity type

	Activities
	undertaken		Total funds	Total fund
	directly Support costs		2024	2023
	£	£	£	£
Evangelism and events	107,742	–	107,742	95,621
Stewardship and Donations	36,464	–	36,464	34,113
Bank loan interest	30,667	–	30,667	17,888
Governance costs	–	17,768	17,768	19,141
	─────────	────────	─────────	─────────
	174,873	17,768	192,641	166,763
	═════════	════════	═════════	═════════
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
			2024	2023
			£	£
Depreciation of tangible fixed assets			15,933	16,535
			════════	════════
Independent examination fees
			2024	2023
			£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements			1,560	1,560
			═══════	═══════

8. Net income/(expenditure)

9. Independent examination fees

10. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2024	2023
	£	£
Wages and salaries	52,347	49,940
Employer contributions to pension plans	681	778
	────────	────────
	53,028	50,718
	════════	════════

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JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 30 April 2024

10. Staff costs (continued)

The average head count of employees during the year was Nil (2023: 4). The average number of full-time equivalent employees during the year is analysed as follows:

	2024	2023
	No.	No.
Number of staff	4	4
	════	════

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

11. 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.

12. Tangible fixed assets

		Land and	Motor
		buildings	vehicles	Equipment	Instruments	Total
		£	£	£	£	£
	Cost
	At 1 May 2023 and
	30 April 2024	706,528	16,782	14,464	4,715	742,489
		═════════	════════	════════	═══════	═════════
	Depreciation
	At 1 May 2023	56,522	14,542	9,966	4,243	85,273
	Charge for the year	14,131	560	1,124	118	15,933
		─────────	────────	────────	───────	─────────
	At 30 April 2024	70,653	15,102	11,090	4,361	101,206
		═════════	════════	════════	═══════	═════════
	Carrying amount
	At 30 April 2024	635,875	1,680	3,374	354	641,283
		═════════	════════	════════	═══════	═════════
	At 30 April 2023	650,006	2,240	4,498	472	657,216
		═════════	════════	════════	═══════	═════════
13.	Debtors
					2024	2023
					£	£
	Trade debtors				–	6,379
					════	═══════
14.	Creditors: amounts falling due within one year
					2024	2023
					£	£
	Trade creditors				22,495	23,662
	Accruals and deferred income				1,231	1,230
					────────	────────
					23,726	24,892
					════════	════════

- 17 -

JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 30 April 2024

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

	2024	2023
	£	£
Bank loans and overdrafts	387,783	401,624
	═════════	═════════

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.

16. 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 £681 (2023: £778).

17. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At					At
	1 May 2023	Income	Expenditure	Transfers	30 April 2024
	£	£	£	£		£
General funds	238,889	226,624	(192,641)	(40,527)		232,345
	═════════	═════════	═════════	════════		═════════
	At					At
	1 May 2022	Income	Expenditure	Transfers		30 April 2023
	£	£	£	£		£
General funds	232,199	161,936	(166,763)	11,517		238,889
	═════════	═════════	═════════	════════		═════════
Restricted funds
	At					At
	1 May 2023	Income	Expenditure	Transfers	30 April 2024
	£	£	£	£		£
Building Fund	14,900	–	–	40,527		55,427
	════════	════	════	════════		════════
	At					At
	1 May 2022	Income	Expenditure	Transfers		30 April 2023
	£	£	£	£		£
Building Fund	26,417	–	–	(11,517)		14,900
	════════	════	════	════════		════════

- 18 -

JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 30 April 2024

18. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Tangible fixed assets	641,283	–	641,283
Current assets	57,998	–	57,998
Creditors less than 1 year	(34,272)	(55,427)	(89,699)
Creditors greater than 1 year	(387,783)	–	(387,783)
	─────────	────────	─────────
Net assets	277,226	(55,427)	221,799
	═════════	════════	═════════
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Tangible fixed assets	657,216	–	657,216
Current assets	23,089	–	23,089
Creditors less than 1 year	(24,892)	(14,900)	(39,792)
Creditors greater than 1 year	(386,724)	–	(386,724)
	─────────	────────	─────────
Net assets	268,689	(14,900)	253,789
	═════════	════════	═════════
Analysis of changes in net debt
	At		At
	1 May 2023	Cash flows	30 Apr 2024
	£	£	£
Cash at bank and in hand	16,710	41,288	57,998
Debt due after one year	(401,624)	13,841	(387,783)
	─────────	────────	─────────
	(384,914)	55,129	(329,785)
	═════════	════════	═════════

19. Analysis of changes in net debt

- 19 -

JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Management Information

Year ended 30 April 2024

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

- 20 -

JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Detailed Statement of Financial Activities

Year ended 30 April 2024

	2024	2023
	£	£
Income and endowments
Donations and legacies
Offerings	124,191	112,550
Tithes	43,038	23,167
Thanksgiving	1,401	2,770
Special offering	36,184	5,569
HMRC Gift Aid	21,810	17,880
	─────────	─────────
	226,624	161,936
	─────────	─────────
	─────────	─────────
Total income	226,624	161,936
	═════════	═════════
Expenditure
Expenditure on charitable activities
Wages and salaries	52,347	49,940
Pension costs	681	778
Rent	2,630	1,194
Repairs and maintenance	1,644	13,416
Insurance	1,567	1,356
Motor vehicle expenses	4,503	6,774
Legal and professional fees	1,836	2,608
Telephone	815	551
Other office costs	3,801	2,693
Depreciation	15,932	16,533
Interest on bank loans and overdrafts	30,667	17,888
Pastoral allowance and social events	22,266	22,029
Honorarium and musicians	13,300	12,800
Charitable donations and Printing	5,343	2,198
Hospitality and welfare	35,309	16,005
	─────────	─────────
	192,641	166,763
	─────────	─────────
	─────────	─────────
Total expenditure	192,641	166,763
	═════════	═════════
	─────────	─────────
Net income/(expenditure)	33,983	(4,827)
	═════════	═════════

- 21 -

JUBILEE PRIESTHOOD CENTRE

Charitable Incorporated Organisation

Notes to the Detailed Statement of Financial Activities

Year ended 30 April 2024

Year ended 30 April 2024
	2024	2023
	£	£
Expenditure on charitable activities
Evangelism and events
Activities undertaken directly
Direct charitable activity - wages/salaries	52,347	49,940
Direct charitable activity - pension costs	681	778
Direct charitable activity - rates, water, light and heat	2,630	1,194
Direct charitable activity - repairs & maintenance	1,644	13,416
Direct charitable activity - insurance	1,567	1,356
Direct charitable activity - motor vehicle expenses/travel costs	4,503	6,774
Direct charitable activity - Website and telephone	815	551
Direct charitable activity - other office costs	3,801	2,693
Direct charitable activity - Social Events and Evangelism	2,066	1,829
Direct charitable activity - Honorarium	4,000	2,300
Direct charitable activity - Post, Print and Stationery	5,343	2,118
Direct charitable activity - Welfare of church members	28,345	12,672
	─────────	────────
	107,742	95,621
	─────────	────────
Stewardship and Donations
Activities undertaken directly
Direct charitable activity - Pastoral allowance	20,200	20,200
Direct charitable activity - Musicians allowance	9,300	10,500
Direct charitable activity - Donation to Charitable organisation	–	80
Direct charitable activity - Hospitality	6,964	3,333
	────────	────────
	36,464	34,113
	────────	────────
Bank loan interest
Activities undertaken directly
Direct charitable activity - interest on bank loans and overdrafts	30,667	17,888
	────────	────────
Governance costs
Governance costs - accountancy fees	1,560	1,560
Governance costs - legal and other professional fees	276	1,048
Governance costs - depreciation	15,932	16,533
	────────	────────
	17,768	19,141
	────────	────────
	─────────	─────────
Expenditure on charitable activities	192,641	166,763
	═════════	═════════

- 22 -