COMPANY REGISTRATION NUMBER: CE031138 CHARITY REGISTRATION NUMBER: 1164524
JUBILEE PRIESTHOOD CENTRE Charitable Incorporated Organisation Unaudited Financial Statements 30 April 2025
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 2025
| 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
Charitable Incorporated Organisation
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 April 2025
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 2025.
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
- 1 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 April 2025
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 trustee’s 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.
- 2 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 April 2025
Related Party
Jubilee Priesthood Centre on 26th January 2022 passed a special resolution to become a member of Baptist denomination.
Objectives and activities
The Charity's Public Benefit The main aims and objectives of the charity are:
The advancement of the Christian religion faith according to the principles of the Baptist denomination 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.
- 3 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 April 2025
Achievements and performance
We are pleased to report significant progress in fulfilling our mission as a beacon of light within our community. Over the past year, the Church has remained steadfast in its commitment to promoting strong family values grounded in Biblical principles. We have continued to offer counselling and spiritual guidance, while also extending our support through charitable donations to other organisations in need. A core part of our outreach has been the successful organisation of events, retreats, and conferences open to the wider public. These initiatives have created meaningful opportunities for spiritual growth, fellowship, and education, especially among young people and children. In alignment with our vision, we have focused on offering consistent and inclusive spiritual and educational experiences in a nurturing, family-oriented environment. Our retreats remain open to all young people, regardless of background, faith, gender, or beliefs. We believe these experiences help young individuals cultivate the spiritual awareness and strength needed to embrace Christ in their lives. Guided by our global theme- "A church where everyone is valued and a place of refreshing" (Exodus 15:27)-we strive to be a welcoming sanctuary for both Christians and non-Christians alike. This inclusive ethos continues to shape all that we do. Looking ahead, the trustees are excited to share new developments in our community engagement efforts: " Holiday Schools: We plan to launch holiday schools during school half-term breaks. These sessions will offer educational and recreational activities for children of all ages, while also supporting parents in the community by providing safe, enriching childcare. " Afternoon Tea Club for Seniors: Recognising the growing issue of loneliness among elderly members of our community, we are preparing to introduce an Afternoon Tea Club. This initiative will provide a warm, social environment for older adults to connect, share stories, and enjoy fellowship. " Music Ministry Expansion: We strongly believe in the power of music as a tool for healing, connection, and outreach. Last year, we hosted a community concert designed to offer hope and encouragement in challenging times. Building on that success, we aim to provide musical training opportunities for young people, enabling them to learn a variety of instruments and express themselves creatively.
Financial review
The total incoming resources for the year was £206,668 (2024 - £226,624) which represents a decrease of 8.80% on the previous year. The total resources expended for the year was £196,961 (2024-£192,641) which represents an increase of 2.24% on the previous year. The overall effect resulted in a surplus of £9,707 (2024 - £33,983 surplus). The trustees are profoundly 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.
- 4 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 April 2025
Plans for future periods
In support of these expanding initiatives, the trustees have approved the construction of a multi-purpose extension at the rear of the main church building.
This space will serve as a hub for our youth programs, music ministry, senior outreach, and more. We are pleased to confirm that the local council has granted planning permission.
The final step in bringing this vision to life is securing the necessary funding.
We warmly invite Batist denomination to partner with us through a grant or loan to help realise this important community project.
We look forward to the opportunity to work together in building a stronger, more connected community.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 12 July 2025 and signed on behalf of the board of trustees by:
Rev William Anane-Forkuo Trustee
- 5 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Independent Examiner's Report to the Trustees of JUBILEE PRIESTHOOD CENTRE
Year ended 30 April 2025
I report to the trustees on my examination of the financial statements of JUBILEE PRIESTHOOD CENTRE ('the charity') for the year ended 30 April 2025.
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) Independent examiner
These accounts have NOT yet been signed by the accountant. The name and address of the accountant has therefore been suppressed.
- 6 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Statement of Financial Activities (including income and expenditure account)
Year ended 30 April 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 206,668 | – | 206,668 | 226,624 |
───────── |
──── |
───────── |
───────── |
||
| Total income | 206,668 | – | 206,668 | 226,624 | |
═════════ |
════ |
═════════ |
═════════ |
||
| Expenditure | |||||
| Expenditure on charitable activities | 6,7 | 196,961 | – | 196,961 | 192,641 |
───────── |
──── |
───────── |
───────── |
||
| Total expenditure | 196,961 | – | 196,961 | 192,641 | |
═════════ |
════ |
═════════ |
═════════ |
||
───────── |
──── |
───────── |
───────── |
||
| Net income | 9,707 | – | 9,707 | 33,983 | |
═════════ |
════ |
═════════ |
═════════ |
||
| Transfers between funds | 44,818 | (44,818) | – | – | |
───────── |
──────── |
───────── |
───────── |
||
| Net movement in funds | 54,525 | (44,818) | 9,707 | 33,983 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 232,345 | 55,427 | 287,772 | 253,789 | |
───────── |
──────── |
───────── |
───────── |
||
| Total funds carried forward | 286,870 | 10,609 | 297,479 | 287,772 | |
═════════ |
════════ |
═════════ |
═════════ |
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.
- 7 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Statement of Financial Position
30 April 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 12 | 626,358 | 641,283 | |
| Current assets | ||||
| Debtors | 13 | 57,898 | – | |
| Cash at bank and in hand | 13,235 | 57,998 | ||
──────── |
──────── |
|||
| 71,133 | 57,998 | |||
| Creditors: amounts falling due within one year | 14 | 23,728 | 23,726 | |
──────── |
──────── |
|||
| Net current assets | 47,405 | 34,272 | ||
───────── |
───────── |
|||
| Total assets less current liabilities | 673,763 | 675,555 | ||
| Creditors: amounts falling due after more than | ||||
| one year | 15 | 376,284 | 387,783 | |
───────── |
───────── |
|||
| Net assets | 297,479 | 287,772 | ||
═════════ |
═════════ |
|||
| Funds of the charity | ||||
| Restricted funds | 10,609 | 55,427 | ||
| Unrestricted funds | 286,870 | 232,345 | ||
───────── |
───────── |
|||
| Total charity funds | 17 | 297,479 | 287,772 | |
═════════ |
═════════ |
For the year ending 30 April 2025 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.
- 8 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Statement of Financial Position (continued)
30 April 2025
These financial statements were approved by the board of trustees and authorised for issue on 12 July 2025, 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.
- 9 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Statement of Cash Flows
Year ended 30 April 2025
| Year ended 30 April 2025 | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 9,707 | 33,983 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 15,801 | 15,933 |
| Interest payable and similar charges | 33,844 | 30,667 |
| Accrued expenses | – | 1 |
| Changes in: | ||
| Trade and other debtors | (57,898) | 6,379 |
| Trade and other creditors | 2 | (1,167) |
──────── |
──────── |
|
| Cash generated from operations | 1,456 | 85,796 |
| Interest paid | (33,844) | (30,667) |
──────── |
──────── |
|
| Net cash (used in)/from operating activities | (32,388) | 55,129 |
════════ |
════════ |
|
| Cash flows from investing activities | ||
| Purchase of tangible assets | (876) | – |
──────── |
──────── |
|
| Net cash used in investing activities | (876) | – |
════════ |
════════ |
|
| Cash flows from financing activities | ||
| Proceeds from borrowings | (11,499) | (13,841) |
──────── |
──────── |
|
| Net cash used in financing activities | (11,499) | (13,841) |
════════ |
════════ |
|
| Net (decrease)/increase in cash and cash equivalents | (44,763) | 41,288 |
| Cash and cash equivalents at beginning of year | 57,998 | 16,710 |
──────── |
──────── |
|
| Cash and cash equivalents at end of year | 13,235 | 57,998 |
════════ |
════════ |
The notes on pages 11 to 18 form part of these financial statements.
- 10 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Notes to the Financial Statements
Year ended 30 April 2025
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 has 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
- 11 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Notes to the Financial Statements (continued)
Year ended 30 April 2025
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.
- 12 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Notes to the Financial Statements (continued)
Year ended 30 April 2025
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.
- 13 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Notes to the Financial Statements (continued)
Year ended 30 April 2025
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 | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Offerings | 132,522 | 132,522 | 124,191 | 124,191 |
| Tithes | 39,952 | 39,952 | 43,038 | 43,038 |
| Thanksgiving | 1,522 | 1,522 | 1,401 | 1,401 |
| Special offering | 4,170 | 4,170 | 36,184 | 36,184 |
| Gifts | ||||
| HMRC Gift Aid | 28,502 | 28,502 | 21,810 | 21,810 |
───────── |
───────── |
───────── |
───────── |
|
| 206,668 | 206,668 | 226,624 | 226,624 | |
═════════ |
═════════ |
═════════ |
═════════ |
- 14 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Notes to the Financial Statements (continued)
Year ended 30 April 2025
6. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Evangelism and events | 108,615 | 108,615 | 107,742 | 107,742 |
| Stewardship and Donations | 36,845 | 36,845 | 36,464 | 36,464 |
| Bank loan interest | 33,844 | 33,844 | 30,667 | 30,667 |
| Support costs | 17,657 | 17,657 | 17,768 | 17,768 |
───────── |
───────── |
───────── |
───────── |
|
| 196,961 | 196,961 | 192,641 | 192,641 | |
═════════ |
═════════ |
═════════ |
═════════ |
7. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Evangelism and events | 108,615 | – |
108,615 | 107,742 |
| Stewardship and Donations | 36,845 | – |
36,845 | 36,464 |
| Bank loan interest | 33,844 | – |
33,844 | 30,667 |
| Governance costs | – | 17,657 |
17,657 | 17,768 |
───────── |
──────── |
───────── |
───────── |
|
| 179,304 | 17,657 |
196,961 | 192,641 | |
═════════ |
════════ |
═════════ |
═════════ |
|
| Net income | ||||
| Net income is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 15,801 | 15,933 | ||
════════ |
════════ |
|||
| Independent examination fees | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 1,560 | 1,560 | ||
═══════ |
═══════ |
8. Net income
9. Independent examination fees
10. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 51,879 | 52,347 |
| Employer contributions to pension plans | 624 | 681 |
──────── |
──────── |
|
| 52,503 | 53,028 | |
════════ |
════════ |
The average head count of employees during the year was Nil (2024: Nil).
- 15 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Notes to the Financial Statements (continued)
Year ended 30 April 2025
10. Staff costs (continued)
No employee received employee benefits of more than £60,000 during the year (2024: 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 2024 | 706,528 | 16,782 | 14,464 | 4,715 | 742,489 |
| Additions | – | – | 876 | – | 876 |
───────── |
──────── |
──────── |
─────── |
───────── |
|
| At 30 April 2025 | 706,528 | 16,782 | 15,340 | 4,715 | 743,365 |
═════════ |
════════ |
════════ |
═══════ |
═════════ |
|
| Depreciation | |||||
| At 1 May 2024 | 70,653 | 15,102 | 11,090 | 4,361 | 101,206 |
| Charge for the year | 14,131 | 420 | 1,162 | 88 | 15,801 |
───────── |
──────── |
──────── |
─────── |
───────── |
|
| At 30 April 2025 | 84,784 | 15,522 | 12,252 | 4,449 | 117,007 |
═════════ |
════════ |
════════ |
═══════ |
═════════ |
|
| Carrying amount | |||||
| At 30 April 2025 | 621,744 | 1,260 | 3,088 | 266 | 626,358 |
═════════ |
════════ |
════════ |
═══════ |
═════════ |
|
| At 30 April 2024 | 635,875 | 1,680 | 3,374 | 354 | 641,283 |
═════════ |
════════ |
════════ |
═══════ |
═════════ |
|
| Debtors | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Other debtors | 57,898 | – | |||
════════ |
════ |
||||
| Creditors: amounts falling | due within one year | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Trade creditors | 22,497 | 22,495 | |||
| Accruals and deferred income | 1,231 | 1,231 | |||
──────── |
──────── |
||||
| 23,728 | 23,726 | ||||
════════ |
════════ |
||||
| Creditors: amounts falling | due after more than one | year | |||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Bank loans and overdrafts | 376,284 | 387,783 | |||
═════════ |
═════════ |
13. Debtors
14. Creditors: amounts falling due within one year
15. Creditors: amounts falling due after more than one year
Creditors and provisions are recognised where the charity has a present obligation resulting from
- 16 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Notes to the Financial Statements (continued)
Year ended 30 April 2025
15. Creditors: amounts falling due after more than one year (continued) a past event that will 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 £624 (2024: £681).
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 May 2024 | Income | Expenditure | Transfers | 30 April 2025 |
||
| £ | £ | £ | £ | £ | ||
| General funds | 232,345 | 206,668 | (196,961) | 44,818 | 286,870 | |
═════════ |
═════════ |
═════════ |
════════ |
═════════ |
||
| At | At | |||||
| 1 May 2023 | Income | Expenditure | Transfers | 30 April 2024 | ||
| £ | £ | £ | £ | £ | ||
| General funds | 238,889 | 226,624 | (192,641) | (40,527) | 232,345 |
|
═════════ |
═════════ |
═════════ |
════════ |
═════════ |
||
| Restricted funds | ||||||
| At | At | |||||
| 1 May 2024 | Income | Expenditure | Transfers | 30 April 2025 |
||
| £ | £ | £ | £ | £ | ||
| Building Fund | 55,427 | – | – | (44,818) | 10,609 |
|
════════ |
════ |
════ |
════════ |
════════ |
||
| At | At | |||||
| 1 May 2023 | Income | Expenditure | Transfers | 30 April 2024 | ||
| £ | £ | £ | £ | £ | ||
| Building Fund | 14,900 | – | – | 40,527 | 55,427 | |
════════ |
════ |
════ |
════════ |
════════ |
- 17 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Notes to the Financial Statements (continued)
Year ended 30 April 2025
18. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Tangible fixed assets | 626,358 | – | 626,358 |
| Current assets | 71,132 | – | 71,132 |
| Creditors less than 1 year | (23,727) | (10,609) | (34,336) |
| Creditors greater than 1 year | (376,284) | – | (376,284) |
───────── |
──────── |
───────── |
|
| Net assets | 297,479 | (10,609) | 286,870 |
═════════ |
════════ |
═════════ |
|
| 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 | (23,726) | (55,427) | (79,153) |
| Creditors greater than 1 year | (387,783) | – | (387,783) |
───────── |
──────── |
───────── |
|
| Net assets | 287,772 | (55,427) | 232,345 |
═════════ |
════════ |
═════════ |
|
| Analysis of changes in net debt | |||
| At | At | ||
| 1 May 2024 | Cash flows | 30 Apr 2025 | |
| £ | £ | £ | |
| Cash at bank and in hand | 57,998 | (44,763) | 13,235 |
| Debt due after one year | (387,783) | 11,499 | (376,284) |
───────── |
──────── |
───────── |
|
| (329,785) | (33,264) | (363,049) |
|
═════════ |
════════ |
═════════ |
19. Analysis of changes in net debt
- 18 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Management Information
Year ended 30 April 2025
The following pages do not form part of the financial statements.
- 19 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Detailed Statement of Financial Activities
Year ended 30 April 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Offerings | 132,522 | 124,191 |
| Tithes | 39,952 | 43,038 |
| Thanksgiving | 1,522 | 1,401 |
| Special offering | 4,170 | 36,184 |
| HMRC Gift Aid | 28,502 | 21,810 |
───────── |
───────── |
|
| 206,668 | 226,624 | |
───────── |
───────── |
|
───────── |
───────── |
|
| Total income | 206,668 | 226,624 |
═════════ |
═════════ |
|
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 51,879 | 52,347 |
| Pension costs | 624 | 681 |
| Rent | 1,606 | 2,630 |
| Repairs and maintenance | 4,542 | 1,644 |
| Insurance | 1,558 | 1,567 |
| Motor vehicle expenses | 7,699 | 4,503 |
| Legal and professional fees | 1,854 | 1,836 |
| Telephone | 750 | 815 |
| Other office costs | 3,119 | 3,801 |
| Depreciation | 15,803 | 15,932 |
| Interest on bank loans and overdrafts | 33,844 | 30,667 |
| Pastoral allowance and social events | 22,534 | 22,266 |
| Honorarium and musicians | 11,300 | 13,300 |
| Charitable donations and Printing | 1,929 | 5,343 |
| Hospitality and welfare | 37,920 | 35,309 |
───────── |
───────── |
|
| 196,961 | 192,641 | |
───────── |
───────── |
|
───────── |
───────── |
|
| Total expenditure | 196,961 | 192,641 |
═════════ |
═════════ |
|
───────── |
───────── |
|
| Net income | 9,707 | 33,983 |
═════════ |
═════════ |
- 20 -
JUBILEE PRIESTHOOD CENTRE
Charitable Incorporated Organisation
Notes to the Detailed Statement of Financial Activities
Year ended 30 April 2025
| Year ended 30 April 2025 | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Expenditure on charitable activities | ||
| Evangelism and events | ||
| Activities undertaken directly | ||
| Direct charitable activity - wages/salaries | 51,879 | 52,347 |
| Direct charitable activity - pension costs | 624 | 681 |
| Direct charitable activity - rates, water, light, and heat | 1,606 | 2,630 |
| Direct charitable activity - repairs & maintenance | 4,542 | 1,644 |
| Direct charitable activity - insurance | 1,558 | 1,567 |
| Direct charitable activity - motor vehicle expenses/travel costs | 7,699 | 4,503 |
| Direct charitable activity - Website and telephone | 750 | 815 |
| Direct charitable activity - other office costs | 3,119 | 3,801 |
| Direct charitable activity - Social Events and Evangelism | 2,334 | 2,066 |
| Direct charitable activity - Honorarium | 2,000 | 4,000 |
| Direct charitable activity - Post, Print and Stationery | 1,929 | 5,343 |
| Direct charitable activity - Welfare of church members | 30,575 | 28,345 |
───────── |
───────── |
|
| 108,615 | 107,742 | |
───────── |
───────── |
|
| Stewardship and Donations | ||
| Activities undertaken directly | ||
| Direct charitable activity - Pastoral allowance | 20,200 | 20,200 |
| Direct charitable activity - Musicians allowance | 9,300 | 9,300 |
| Direct charitable activity - Hospitality | 7,345 | 6,964 |
──────── |
──────── |
|
| 36,845 | 36,464 | |
──────── |
──────── |
|
| Bank loan interest | ||
| Activities undertaken directly | ||
| Direct charitable activity - interest on bank loans and overdrafts | 33,844 | 30,667 |
──────── |
──────── |
|
| Governance costs | ||
| Governance costs - accountancy fees | 1,560 | 1,560 |
| Governance costs - legal and other professional fees | 294 | 276 |
| Governance costs - depreciation | 15,803 | 15,932 |
──────── |
──────── |
|
| 17,657 | 17,768 | |
──────── |
──────── |
|
───────── |
───────── |
|
| Expenditure on charitable activities | 196,961 | 192,641 |
═════════ |
═════════ |
- 21 -