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2023-06-30-accounts

Charity registration number: 1181444

Jubilee Church (ACM)

Annual Report and Financial Statements for the Year Ended 30 June 2023

Community Accounting Plus Units 1 & 2, North West 41, Talbot Street Nottingham NG1 5GL

Jubilee Church (ACM)

Contents (continued)

Reference and Administrative Details 1
Trustees' Report 2 to 5
Statement of Trustees' Responsibilities 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 19

Jubilee Church (ACM)

Reference and Administrative Details

Trustees Russel Whittaker Derrick Simpson Jaimie Lord Hannah Sanjose Peter Phillips Charity Registration Number 1181444 Principal Office Jubilee Church Life Centre 1-5 London Road Grantham NG31 6EY Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2, North West 41, Talbot Street Nottingham NG1 5GL

Page 1

Jubilee Church (ACM)

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 30 June 2023.

Objectives and activities

Objects and aims

To advance the Christian faith in Lincolnshire and in such other parts of the United Kingdom or the world as the charity Trustees may from time to time decide, and, to relieve persons who are in need by way of hardship, ill-health or distress in Lincolnshire and in such other parts of the United Kingdom or the world as the charity trustees may from time to time decide

Objectives, strategies and activities

The charity promotes the good news about Jesus and the love of God both in words and action.

Public benefit

The church meets every week on a Sunday and there are a variety of midweek activities for adults, youth and children. These activities range from seeking to help the local community through a range of good works such as providing a drop in & support space, to bible study and teaching aimed at deepening the understanding of the Christian faith.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

Jubilee Church (ACM)

Trustees' Report (continued)

Achievements and performance

Throughout this year our church service has continued to run in and we have seen some great growth in numbers attending and people joining us. We have continued to run our home groups and prayer group and in addition to this we have run several Alpha courses. The young people continue to meet as a group for fun social activities as well as for discipleship.

This year has seen some incredible growth and new salvations with many baptisms. We are so grateful and blessed by all the God is doing in our town.

Existing projects have continued to run this year and we have seen some great results across the board on these.

The Live Sound Take 2 project has continued to be a success with sessions running weekly for the young people up until the end of August which is when the funding finished. The students finished the funded project off by showcasing their amazing talents and skills with a big performance and by making a video. Whilst we have sought new funding for this through the year we have continued to run the project on a scaled back basis with small pots of funding received throughout the year. In June 2023 we were advised that we had been successful in applying for a 5 year grant from the The National Lottery Community fund. This grant is to run a follow on project called Young Creatives. This will officially begin September 2023 with a lead in for staff over August of 2023.

The Engage Project has continued to run successfully. This is funded by the National Lottery community Fund and will run for 3 more years. The aim of this project is to reach out to members of our migrant community to support their integration into the community. This is done by providing a number of activities including a café where people can come and chat and meet others in a friendly, safe environment, providing English lessons for those who’s English is not their first language, running a toddler group and holding community events such as Celebrate the Nations party. This fund also allows project staff to carry out home visits to those more isolated or unsure of mixing with others within the community. We will also host a number of forums working alongside other agencies including the local council to see how we can effectively serve and support our local migrant community.

As the war in Ukraine has sadly shown no signs of ending so, we have continued to work with and support displaced Ukrainian families who have been re-homed in our community. An offshoot of our work with the Ukrainian community has enabled us to set up a Ukrainian Hub which runs as a café on a Saturday morning. This is staffed by Ukrainian refugees and provides a space for the local Ukrainian community to meet together on a weekly basis.

In addition to the Engage Café running one morning a week the 2 additional cafes which aim to promote good mental health and wellbeing for those who struggle with this and feel isolated have continued to run through the year being funded by Shine Lincolnshire. These are all extremely well attended.

In partnership with Grantham Additional Needs Federation (GANF), we hold a "Tasty Treats Cafe" within the Centre on two mornings a week. This project offers major opportunities for young people with learning difficulties to integrate into the community and acquire new skills in catering and public service.

This combined means we have a café session running 6 days a week within the centre.

During the winter of 2022/2023, with the cost of living crisis biting, we were funded by the NHS under Winter pressures to remain open during the winter period for additional days and longer times. This was especially helpful and well attended over the Christmas period when we have ordinarily closed for staff holidays. This funding meant we could employ additional sessional workers to provide café cover allowing us to open our café for those who were struggling to heat their homes and were struggling with isolation over the winter period.

Page 3

Jubilee Church (ACM)

Trustees' Report (continued)

Our Parent and Toddler group is extremely well attended and now runs over 2 mornings being funded by the Engage project and Shine Lincolnshire.

One of the community groups we have worked with for a number of years is the migrant community. We have seen an increase in this work as we have been supporting asylum seekers placed in a local hotel. Many of these are Iranian. We have been able to provide social activities such as a running & walking club once a week to help support their physical and mental health as well as patch them into our existing conversational English classes. In doing this we quickly became overwhelmed with the number of people wanting lessons. In response to this we successfully sourced additional funding through the National Lottery’s Awards for All fund to teach additional English lessons to those who were resident in the hotels.

We continue to be supported with food donation from local supermarkets which enables us to distribute food packages to those in need through the projects that we run.

The charity is increasingly dependent on its volunteers. These come from a wide spectrum of society and represent all age groups, ethnic and socioeconomic backgrounds. The charity has received much help and support from Lincolnshire Community Volunteer Service (LCVS) and Voluntary Centre Services (VCS) for the training and development of volunteers. With this support the charity has been able to maintain a volunteer workforce of over 50 people this year.

The Senior leadership have continued to build links with other local churches and meet regularly with other local church ministers.

The trustees continue to meet regularly.

The Senior Leadership and Board of Trustees would like to express theire deepest thanks and gratitude to all our funders for their continued support.

We would also like to extend our thanks to all of our volunteers. Without them we would not be able to run the groups and activities each week. Our army of volunteers make a huge difference to the work of Jubilee and to the lives of all our beneficiaries.

Financial review

The Trustees consider that the financial position of the charity is satisfactory.

Policy on reserves

The charity will hold a minimum of 3 months budgeted funds in reserves. Our policy is to retain sufficient reserves

• To ensure that excessive funds are not held without any identifiable reason or for any identifiable purpose. This reserves policy relates only to the charity unrestricted funds. Restricted funds may be held in addition to be used for the restricted purpose for which they were given.

Structure, governance and management

Nature of governing document

The CIO Foundation is operated under the rules of its constitution adopted 7/1/2019.

Page 4

Jubilee Church (ACM)

Trustees' Report (continued)

Recruitment and appointment of trustees

New trustees are appointed when a suitable person is found and when they are willing to undertake the position. They are then appointed by a full meeting of the trustees.

Major risks and management of those risks

Financial risks

The Trustees do not foresee any financial risks for the coming year.

Page 5

Jubilee Church (ACM)

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements 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 period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Peter Phillips Trustee

Page 6

Jubilee Church (ACM)

Independent Examiner's Report to the trustees of Jubilee Church (ACM)

Independent examiner’s report to the trustees of Jubilee Church (ACM)

I report to the trustees on my examination of the accounts of Jubilee Church (ACM) (the Charity) for the year ended 30 June 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... John O’Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners

Units 1 & 2, North West 41, Talbot Street Nottingham NG1 5GL

Date:.............................

Page 7

Jubilee Church (ACM)

Statement of Financial Activities for the Year Ended 30 June 2023

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
4
Total Income
Expenditure on:
Charitable activities
5
Total Expenditure
Net (expenditure)/income
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12		 Unrestricted
£
50,025
38,568
329
88,922
(117,365)
(117,365)
(28,443)
57,520
29,077
1,085,333
1,114,410		 Restricted
£
-
189,226
-
189,226
(132,492)
(132,492)
56,734
(57,520)
(786)
120,130
119,344		 Total
2023
£
50,025
227,794
329
278,148
(249,857)
(249,857)
28,291
-
28,291
1,205,463
1,233,754

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 12.

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
4
Total Income
Expenditure on:
Charitable activities
5
Total Expenditure
Net (expenditure)/income
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12		 Unrestricted
£
58,673
39,506
23
98,202
(120,252)
(120,252)
(22,050)
46,782
24,732
1,060,601
1,085,333		 Restricted
£
-
146,941
-
146,941
(131,890)
(131,890)
15,051
(46,782)
(31,731)
151,861
120,130		 Total
2022
£
58,673
186,447
23
245,143
(252,142)
(252,142)
(6,999)
-
(6,999)
1,212,462
1,205,463

The notes on pages 10 to 19 form an integral part of these financial statements. Page 8

Jubilee Church (ACM)

(Registration number: 1181444) Balance Sheet as at 30 June 2023

Note
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
10
Creditors: Amounts falling due within one year
11
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
12
Unrestricted income funds
Unrestricted funds
Total funds
12		 2023
£
1,039,435
9,590
190,491
200,081
(5,762)
194,319
1,233,754
119,344
1,114,410
1,233,754		 2022
£
1,039,435
13,061
156,111
169,172
(3,144)
166,028
1,205,463
120,130
1,085,333
1,205,463

The financial statements on pages 8 to 19 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:

----- Start of picture text -----
.........................................
Jaimie Lord
Trustee
----- End of picture text -----

The notes on pages 10 to 19 form an integral part of these financial statements. Page 9

Jubilee Church (ACM)

Notes to the Financial Statements for the Year Ended 30 June 2023

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Jubilee Church (ACM) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Page 10

Jubilee Church (ACM)

Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £1000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Furniture & equipment Straight line 33.3%

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 11

Jubilee Church (ACM)

Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2 Income from donations and legacies

Donations and legacies;
Donations from individuals
3
Income from charitable activities
Grants & donations
Lettings
Non profit income
Grants & donations
Lettings
Non profit income
4
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits		 Unrestricted
funds
General
£
50,025
50,025
Unrestricted
funds
General
£
-
36,596
1,972
38,568
Unrestricted
funds
General
£
-
39,245
261
39,506
Unrestricted
funds
General
£
329		 Total
2023
£
50,025
50,025
Restricted
funds
£
189,226
-
-
189,226
Restricted
funds
£
146,941
-
-
146,941
Total
2023
£
329		 Total
2022
£
58,673
58,673
Total
2023
£
189,226
36,596
1,972
227,794
Total
2022
£
146,941
39,245
261
186,447
Total
2022
£
23

Page 12

Jubilee Church (ACM)

Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)

5 Expenditure on charitable activities

General maintenance & servicing
Discipleship
Administration & office costs
Wages, NI & pension
Gifts
Grant expenditure
Utilities
Prayer room
Conference tickets external
Worship & church costs
Travel
Depreciation
LS3		 Unrestricted
funds
General
£
5,848
168
9,073
89,495
779
-
6,356
2,240
-
644
190
-
2,572
117,365		 Restricted
funds
£
2,034
-
-
86,206
-
44,046
206
-
-
-
-
-
-
132,492		 Total
2023
£
7,882
168
9,073
175,701
779
44,046
6,562
2,240
-
644
190
-
2,572
249,857		 Total
2022
£
4,972
183
8,100
163,406
6,459
53,530
5,874
377
20
2,612
387
6,222
-
252,142

6 Independent examiner's fees

During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:

Accounting Plus are analysed as follows:
Independent examination 2023
£
865
865		 2022
£
825
825

Page 13

Jubilee Church (ACM)

Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)

7 Taxation

The charity is a registered charity and is therefore exempt from taxation.

8 Tangible fixed assets

Cost
At 1 July 2022
At 30 June 2023
Depreciation
At 1 July 2022
At 30 June 2023
Net book value
At 30 June 2023
At 30 June 2022
9
Debtors
Trade debtors
Other debtors
10 Cash and cash equivalents
Cash on hand
Cash at bank		 Land and
buildings
£
1,039,435		 Furniture and
equipment
£
18,628
18,628
18,628
18,628
-
-
2023
£
5,843
3,747
9,590
2023
£
30
190,461
190,491		 Furniture and
equipment
£
18,628
18,628
18,628
18,628
-
-
2023
£
5,843
3,747
9,590
2023
£
30
190,461
190,491		 Total
£
1,058,063
1,058,063
18,628
18,628
1,039,435
1,039,435
2022
£
13,061
-
1,039,435 18,628
- 18,628
- 18,628
1,039,435 -
1,039,435 -
2023
£
5,843
3,747
9,590
2023
£
30
190,461
190,491
13,061
2022
£
30
156,081
156,111

Page 14

Jubilee Church (ACM)

Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)

11 Creditors: amounts falling due within one year

11 Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
12 Funds		 2023
£
2,966
2,796
5,762		 2022
£
2,154
990
3,144
Unrestricted funds
General
General
Restricted funds
Live Sound Take 2
Ukraine Support & Hub
Utilities
Community Help Project
Pray room
Catalyst (Youth)
Engage
Building fund
Children's Worker Salary
Fund (Harrison)
Create and Share 2
Rank Fund
Shine cafe & toddlers
Refugee Support
LNER
L C Youth
Youth Workers salaries
Benefact Trust
Winter Pressures NHS
A4A Stoke Fund
SKDC Levelling Up
Total restricted funds
Total funds		 Balance at 1
July 2022
£
1,085,333
4,856
-
-
25,010
1,977
1,000
30,478
12,494
18,019
16,754
251
-
2,765
2,023
4,503
-
-
-
-
-
120,130
1,205,463		 Incoming
resources
£
88,922
-
15,295
4,000
-
-
-
66,246
-
-
3,750
-
43,532
1,400
17,457
-
2,000
4,486
17,384
9,926
3,750
189,226
278,148		 Resources
expended
£
(117,365)
(4,856)
(5,427)
-
-
(1,977)
-
(53,298)
(263)
-
(19,902)
(130)
(9,766)
(3,784)
(10,621)
(4,503)
-
(3,258)
(10,129)
(1,008)
(3,570)
(132,492)
(249,857)		 Transfers
£
57,520
-
(7,510)
-
(13,500)
-
-
(7,462)
-
-
(602)
-
(15,904)
-
(6,508)
-
-
(1,228)
(2,880)
(1,926)
-
(57,520)
-		 Balance at
30 June
2023
£
1,114,410
-
2,358
4,000
11,510
-
1,000
35,964
12,231
18,019
-
121
17,862
381
2,351
-
2,000
-
4,375
6,992
180
119,344
1,233,754

Page 15

Jubilee Church (ACM)

Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)

Unrestricted funds
General
General
Restricted
Live Sound Take 2
Community Help Project
Pray room
Catalyst (Youth)
Engage
Building fund
Children's Worker Salary
Fund (Harrison)
Create and Share 2
Rank Fund
Shine cafe & toddlers
Refugee Support
LNER
L C Youth
Total restricted funds
Total funds		 Balance at 1
July 2021
£
1,060,601
22,356
48,779
2,354
1,000
25,669
12,494
18,019
20,590
600
-
-
-
-
151,861
1,212,462		 Incoming
resources
£
98,202
53,003
-
-
-
60,625
-
-
1,426
-
10,000
10,484
6,403
5,000
146,941
245,143		 Resources
expended
£
(120,252)
(56,023)
(3,609)
(377)
-
(48,355)
-
-
(5,262)
(349)
(6,664)
(7,399)
(3,355)
(497)
(131,890)
(252,142)		 Transfers
£
46,782
(14,480)
(20,160)
-
-
(7,461)
-
-
-
-
(3,336)
(320)
(1,025)
-
(46,782)
-		 Balance at
30 June
2022
£
1,085,333
4,856
25,010
1,977
1,000
30,478
12,494
18,019
16,754
251
-
2,765
2,023
4,503
120,130
1,205,463

Page 16

Jubilee Church (ACM)

Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)

The specific purposes for which the funds are to be applied are as follows:

Live Sound Take 2 - This project aims to reach disadvantaged young people aged 11-18 years engaging them through music by providing free music tuition, a safe place to come and hang out as well as pastoral support.

Create & Share (Junior & Senior) - This project works with disadvantaged children aged 8 -11 years & disadvantaged young people aged 11-18 years by providing an opportunity to learn how to use filming and photography equipment.

C-M Fund (SKDC) - This project aims to assist the local migrant community integrate by way of providing free English lessons, toddler groups and children's activities.

Community Help Fund - This was set up to provide support to those within the community who were found to be in need due to the effects of the Coronavirus pandemic. The main support provided has been with food deliveries and food vouchers.

Prayer room Fund - The financing of the final building renovations creating a prayer space for the church community to use.

Engage Fund - This projects aims to work alongside and assist the local migrant community to integrate into community.

Rank Fund - To improve lighting in the young peoples activity room.

Shine Fund - A café & toddler group for those strugging with isolation and mental health struggles to receive support, meet people and take part in activities such as baking, craft and music.

Benefact - A fund to support the work with our Ukrainian community including the young people.

Winter Pressures (NHS) - This fund allows us to run and extend our café & toddler session for additional periods to help those struggling with the cost of living by providing a warm place for them to come to.

Shine Fund - This projects aims to work those suffering with their mental health offering a place to come, meet with other people and receive support.

LNER Fund - This projects aims to work those suffering with isolation and mental health problems offering a place to come, meet with other people and take part in activities.

Refugee Support - This project supports refugees in the area.

LNER - Supports the running costs of one of our community hub cafes

The transfer from the restricted funds to the General fund represents the contribution towards letting costs incurred by the restricted funds.

Page 17

Jubilee Church (ACM)

Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)

13 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
1,039,435
80,737
(5,762)
1,114,410
Unrestricted
funds
Designated
£
1,039,435
49,042
(3,144)
1,085,333		 Restricted
funds
£
-
119,344
-
119,344
Restricted
funds
£
-
120,130
-
120,130		 Total funds at
30 June
2023
£
1,039,435
200,081
(5,762)
1,233,754
Total funds at
30 June
2022
£
1,039,435
169,172
(3,144)
1,205,463

14 Related party transactions

During the year the charity made the following related party transactions:

Nicci Whittaker

Nicci Whittaker's husband Russel Whittaker and sister in law Hannah Sanjose are trustees. Nicci Whittaker receives a salary for her role as finance worker and project worker. During the accounting period she received £49,628

At the balance sheet date the amount due to/from Nicci Whittaker was £Nil (2022 - £Nil).

Hannah San Jose

Trustee Hannah San Jose was paid £18,011 for her work with our Migrant community through funding received. She was not paid for her services as a Trustee.

At the balance sheet date the amount due to/from Hannah San Jose was £Nil (2022 - £Nil).

Page 18

Jubilee Church (ACM)

Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)

15 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2023
£
163,796
8,823
3,082
175,701		 2022
£
152,178
8,998
2,230
163,406

The monthly average number of persons employed by the charity during the year was as follows:

Average numbers of persons employed 2023
No
13		 2022
No
7

4 (2022 - 2) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £3,082 (2022 - £2,230).

No employee received emoluments of more than £60,000 during the year

The total employee benefits of the key management personnel of the charity were £89,255 (2022 - £84,807).

16 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Russel Whittaker

Russel Whittaker received remuneration of £42,626 (2022: £38,778) during the year.

Salary for Ministry work.

Hannah Sanjose

Hannah Sanjose received remuneration of £18,011 (2022: £21,063) during the year.

Salary for project work.

Page 19