Jubilee Church (ACM) for the Year Ended 30 Jun¢ 2024 Units l & 2. North We 41, Talbot Street Nottin8h8m NGI 5GL
Jubllee Churth (ACM) CoDtents (continued) 2toS Stattment of Trust¢#' Rwibilili¢s St&tett)ent of Fin•ncial Aclivitiei BalAllce SIKet Ca8h Flow Statemffj 10 Note¥ to tht FITh¢1&1 Stswn¢nts llto22
Jubllee Chur¢b (ACM) Reference and Adminlstrallve Det P¢trr Pbillips 1181444 PrindpAI Offl¢e hthile¢ Chw(* Life CeDtre 1.5 Lonlkn RLMd N0316EY Independent 11•¢r John (YBriry employe¢ of CoMmty A0ting Plus Units l & l North Wf 41, Talbot Stteel Nottjngham NGI SGL BADk¢ Th¢ COIF Chariti¢5 Deposit Fund 80, CIKapside London EC2V 6DZ Natwesi BaDk Pl¢ l Market Pknce N¢waTk Nottin8tnlrt NG24 IDY ViTgin Money 681 Chesterfield Ro•d Sh¢ffi¢ld $8 ORY Page I
Jubllee Church (ACK) Truees' Report Jun¢ 2024. Objertivu edvld ObJetsoRd Th¢ objec¢$ of th¢ CIO are to advan the awi8tian faith ID LinwItlr¢ aod in 6u¢h othrr pvts of th¢ Unid Kingdorn or the ThY)rld a¥ the ¢harÉty Trustees Thy from tim¢ to titne dccide, an4 to relieve persons who ore in netd by wjy of Iwd5h2p. ill.hdth or thstress in Liti¢o]D5hitt and in oth¢r of the Unit1 W or The ChUh n¢ts every wKk on 8 Sunday #nd theTr a V3Tidy of midwk actsvitiey for adult8J youth and Children. Th¢se acuTritiU range from 8¢¢knn8 to help the I1 community thTOU8h a TAll8e of 8ood works su¢h as providinB 8 drop in & SPaC¢. to Stty ATrJ trbiDg lim at dyin8 the of th¢ clst1n 'th. The tntst¢e8 confmn tbat ¢W bav¢ ¢omplied with th¢ r4uir¢wts of Jeetioo 17 of the Cbtiritiej Aci 2011 to Iwe due r¢8ard to the public benefit guidontt publithd by the Cbvity COMMI8 for ED8land a1 Wale8. ge2
Jubllee Chur¢h (ACM) TTh8tees' Report (tondnued) Achl¢vemeDts Ind perfornMA Throughout this year our chwch servic¢ h&s contiDued to Tun and we ha seen gr0rth in th¢ nutt)ber8 of tkns¢ 8tt¢ndin8 servitt6 and ID p¢cole joinittg u& W¢ b•v¢ continutya to DJO our and prny¢r sroup irA Additioo to this we h4v¢ nm s¢v¢rnl Alpba ¢our8es. Th¢ youtt8 pe4)ple totitin lo meet as A 8roup for fijn 80ci41 activitie5 as well as for diwlesbip. bleg8ed by 8ll the God i• &)th8 in our tovm. as well as tMv pwj¢¢ts beginDin8. Young Creattvts officially started iti Sept¢thber 2023. Futtded ts 5 yeorn thtough The National Lottery Community Fund the proi¢¢t is aimed ot supwW Y(MS pwl¢. apl 11.18, with tbeir mentsl health, wellb¢in8 & nfidence through the wth'um of rn1¢ Tnedi¥. Each w¢ek we meet and offer free mwic & rnedia tuition includin8 sÉn8ing. piano. 8WtaT le850Ds u well photography. filmin& editin& animation and Most stud¢tsts 8Th rtf¢rnd to th(Ah8h and support a8En¢ie8 who f¢ul they would ben¢fit from tskiti8 PHrt. The proj¢rt rfaiD¢d of th¢ staff team from the pVIouS Liv¢ sout project and ]Jas ottell off to & really strOD8 S¢•rt We have 8180 Started a music ¢aft for y(8 &Jlts 18al 1&25. VIc$ wvides Sp¢ ond support to young adults USiDg rn7¢. It hos beconK 8 follow on th08¢ TWIK) h•ve out8rown Yourt8 Creatives & 've SOW proje¢L This li fuTthI by Shine LiJKoln8bir¢. The Engage Project has continued to 8uc¢e4sfulty. Thi8 18 fund] by the NatIm Lott¢ry Commumty FuTrJ nd will foT 2 more yean. The ¥im of thi$ projeet is to reach membe[8 of our m18r8 commurtity to support th¢iT intewuon into the COMMty. Thi5 ts don¢ by providin8 1 number of athiviti¢s includin8 a c8fé wlwe peopl¢ w com¢ attd chat mert othm in a friendly, saf¢ ¢nvir0Drti( VIdIng Ell81ish 1¢$60ns for those wlKJS¢ En81isb is not their lanBuage, rutilling a toddler m at)d holditi8 commutiity eY¢Dts such 8$ Celebrate the N&tioDs paty. Thii OJDd aly) allow5 PfOj¢Ct Staff to carry out home visits to those more isolated or unsure of mixin8 with oth¢r8 within the cornm1ty. We will also h05t g number of fonuns working alongside mentsl health wellbein8 for tlw wkn stsuB8le with this tDd isolated In parthership wfftth GIthaM Additional Nets FaeratI IGANFI, hold a Trnts C8fc' wthtn the Centre on Iwo morniw J Threk. This project offers major opportwutie5 for peopl¢ with learnill8 diffi¢ulti¢s to integrate into the corntity and a¢qlte mv ski115 in cateriDB public servi. This conjbitied meou8 we bfft a e4fi 8a8ion rp]nl 6 days a we¢k thItt the all of vknich are 11 a#rnde41
Jubllee Church (Aem) Trnitee8' Report {eonthiued) Dunng the T of 2023r2024. wth the e05t of livin8 Uisis continuing to hav¢ an adverse effe¢t on rngmy. we were flllld by th¢ NHS, Shine Lincolnshire a1 The National Lottery to Tem&iti ¢)p¢n ¢thJring the witrter period for additionat days and longer titDe8 and wovith gdditional sctvices. This was especially helpful and well ¢ou]d employ additional sc5sional TWLthrs to Provide c&fé wer allowing to open our café for th08¢ wly) were Struggling to heat their h(¢$ and we¥e struggli08 wffith Itil ovtt th¢ wintff period We became 4 th'$tribution C¢Dtre for warn? pth witbitt wr tow Our Parent and Toddler group is atrenxly v¥ll arml rum ovq 2 thys fimded through the Engage projecl and Shitte Linwinsbir¢. We bav¢ ¢¢)ntinu•d the work with our n)i8rant cofjmnw. H4ViDg g¢¢tt tn in¢r¢ue in the llUTnber of people seeking asylutn in th¢ pffvio year wt wntinued to go into the hot¢L th EDally of th¢m were accornmodat¢iL to provide sufv. ltt addition to this wer¢ able io offer support & a]Vitie6 withirt ¢)ur emises for th¢m. Over the yw bttv¢ Provided 8ocial activities a8 8 physi filt88 and w•llb¢itLq 8ession8 to supp)rt their phisic81 and mentsl ljealth 48 well etwblin8 them to xcess our existing convetsational English ¢lasge$ and attend the w10$ cafes we DJD to h¢lp with their Socia] inttraction. With the increase in the numkn of I1e wanting to a¢¢u8 our rvicg8 we b8ve be¢0 fiwded through the Natiollal LOtt'S Awards for All fund to provid¢ &ddItiOn le8Mms. The rn8jOTity of all our le$8 ort Dow taughi in 8mups b¢d on ability Ilue the sheer num[ of those o¢¢win8 them acro# our We titsUe to be 8UPEthed with fwd doDBtion from lo(al which ¢n&ble• u8 to distrl>ut¢ fwd p8¢kages to th0 in need thTOU8h the projeets that we ru With premiJe5 is cojmtont we M bave been looknn8 #t how we become llr¢ environuKntsily fri¢ndly. With the ¢ost of eu¢rgy price8 60trin8, we hve IrJked to fee how ¢ao bett ¥8r4d¢ pttrts of our premi8e$ to K¢duce ¢Th8ts as well as be ¢nvirOnnlIY frietslly. We have rettived s¢vern] funds to support an upyade to our heatill8 tyl liBbtm8 5y8tllL W¢ b8ve alw be exploriD8 the optson of 1tt8tall1 sol•r panel8. The charity 18 iticr¢43in8ly deFtht on its volutt¢Tr. Th#¢ come frorn a wide spectrum of society and reprent all w 8roup8, ethnic And socitrKonomi¢ bmckyowth. The ¢hwity h&% r¢ceiYed muth help and support ftom LincoiDsbiTe Cornowntty Voluntccr Scrvice (LCVS) attd Voluntsry Centre Serwices (VCSI for the triiDi08 and developllnt of voluDteern. With this w th¢ cbatity I5 been abl¢ mailltaiti a voluoteer workforce of over 50 people thiq yw. FI•1 rewltw Pdi¢y rewv The chaTity wfftll bold 4 mTniAMEm of3 ID r¢8erYe8. Ollr policy is to retain sufficient res¢rYes • To CsUre that the ebarity has 8ffi¢l¢t to meet its • To dernotjstrait that the chatity 18 Wtinable into ts future. • To ensur¢ that the clwity is abl¢ to tw¢ fuplle uDforue¢n fiDaD¢i81 difficulries. b To ensu th#t ex¢e8sive furds are not h¢ld WIthrt 8Dy ideifiable tt&%on or for id¢Dtifiable puryk)se. Thi8 re8eNes p)li¢y relates ottiy to th¢ ¢Ilty U[estriCted fiu¥ts. Rtstrirted fil m8y bc held in addition to b¢ used for the Tr8trI¢t purposc forwhich thcy F*¢ give
Jubilee Chureh (ACM) Tnte, Report (continued) Th¢ CIO Found&tiott 16 opcrntedwth th¢ tukB of ity a00ed111I20I9. New trustees are app)inted wlw a Buitsbl¢ persoD is row tky willin8 to undertakn the PitiOn. They are then appintedby afull ofthe truthes. Jubilee chkn is r¢8iStèred as a CIO. Th¢ board of Tntste¢s OV¢Tk¢ the govern of the charity. The Senior L¢&der8bip of th¢ thjrch hav¢ rtsp(wibiiity f th¢ lri1 ¥ide alld wwth of th¢ chutcb. Dceisions on dDy.Y thini$tralioD attd nmDiDg of th¢ tlwrity ar¢ made by the nw¢mcllt tearn #ppoilited by the Tru51¢e8. Decisions that reht¢ to finaDci•l givin& ]4r8¢ purc11• gad chw outsid¢ th¢ 8LXV of bud8¢ts or to the 8enetal dirrelion of th¢ Charity ar¢ m&de by the TnJste¢J. Decisions re8arding the spirits7 bealth •TxI Jircctson of the chwch are made by the Senior Lle[lF teom who report b4¢k to the boord of Tn4t¢es. The Sthior iAders ar¢ a¢cmlited by Churdw In CCrfnM¢S. Thi$ atedltion provides a layer of aothl11ty Jod r•4uir¢g the SeDi(Y Itaders to utt&rgo 4nnud Tevi¢wg to ¢n&ure ts gre followiti8 tbeiT vision aDd pkn Ple•x rtotr this affiliation 18 foi the Seaior Leadets persollY and Dot for the cbw. didat¢, but thc decision to 8pp)int SOM0¢ new is nJ¥Je by th¢ Tnjstee. A Tn(ce c¥ndidate is scle¢iAI based on their 9kn'11 J¢( svhth they can brin8 to thv bofyrd, their k*wIlIe of th¢ charity. and their willin8nesg to support. If a person 1$ ated to be • suitsble Candidate. a tiomiD8teAI TnJst¢e will rwh to them. Once appointed All new Tnte¢S will be requimj w under80 fegdth' 8 trn1 have 8 DBS re and a8ree with the poli¢i¢8 8nd Pr of th¢ ¢hwrity. Addition tr¥inin8 in ope¢ific arvm will be offered 86 eded The Tnt¥ med and diycuss wa8¢8 on aDnwI b1¥. Wo8e increjw are madt in lin¢ with infiation l& th¢ p¢rcentaBe increue in th¢ Dats'onai liYÉDg ww. . kny 18rg¢r iTre¥s¢ to a wage is based on 8n Individu,$ qUlty of work and skill S¢L All wages are kcpt io Twrtb roi# of a Bjmllar llalu in vth¢r ot8anisHtivaJ. w¢8 for th08¢ enwloyl fiuthd projects art 8¢1 by the #t th• time of #w4rd. Many of the8• fiwds, which nm for several y¢8f4 h¢ A wa8e irKrus¢ built ID. The for the S¢Dior Lder all other miDisty roles is Yt aTd r¢viewtsl ott 8imil•r roleB within other ¢hweh 8ector3 8uch as AOG, Baptiyt utt1 8Dd Meth)dist chllh. The cb4rity Iw 4 wd re]atioti%h4> with its fiJDda8 Novid¢ reprmtmg updates for its proj¢cts requir¢d. Thi8 is usualty quartwly or biannuglly. We ¢08ure ther¢ 18 tran5P4tency of re¢¢1y and spent 8nd WE Wkll provide the relevant itifomution 8ts1 rwxipts as needed W¢ have & stroiig woikmg r¢latiothip with our l¢MI thOrIty and with other thurclfts in Curmlty. enablini us to work tog¢ther and Support owlxneficiariu to the b¢# of our 8bility.
Jubilee Church (ACM) ststement of Trnstees, Responslbllltl¢s The trustees are reiponsil)le (OT preparing the tnLstees' report the financia] Statem Tn accordance with tbe United Kingdorn A¢countiDg Standards IUnit¢d Kmgthm Generally Accepted Aceounting Praetiee) and applicable law and regulatiofys. The law applicable to ehariii45 requires the rnjstees to prepare fll)aDcial seMents for each flnancial year which give a ttue alld fair view of the stste of affa]ts of the chan'ty and of the tncomin8 resources and applItiOn of resourc of the charity fw p¢riod. In prepriti8 these ruw11 Statemen th¢ trus*es ate required to.. 8el¢ct suitable aUn8 policies and th¢n apply them ¢ODSiStentty' obaerve the methods 8Dd prin¢ipl¢s in the Charities SORTr; nMk¢ jud8emcnts and 121$ tbat are rewnable and pnthn state whether applicabl¢ accounting standards have been followe4 SubJt to any material depe$ di5rlosed al explained the financial st8trments,' and prepare the financÉ81 ststemeDts on th¢ goiti8 con¢¢rn b&si5 UDltss it is in8twopriate w pre$ume the charity will ntinue in busin¢8S. The tNste¢s are responsible for kying PTop¢r record8 disclose with reasonable fic ¥1 Iny time ihe finan¢ial position of th¢ ebarity and ellable them w ensure thai the finaoci81 stst¢rnents comply with the ch111¢$ Act 2011. the Ch8ritse8 (Accounts and Reporty) RegulaUon5 2008. and the provision8 of the constiwtion. The trustees are also responsible for safeguarding the assets of the eharity and h¢nee for tsking reA8onable steps for the prevention aThd detethion of fraud and other irre8lllArÈttes. The trust are rcsponsible for the maintrrww and irttegrtry of the corporatr 8nd fiftaNial infomtstion included on the ¢haritsble company's website. Legi518tion 8overning the preparation aTK4 dissemination of financ] statements may diff¢r from legis]atiOD Tti other jurisdi¢tioDS. Approved by the trust#J of the cbarity sipj ort its behaifby.. HAnnah NVbitk¢r Ttrjstre Page 6
Jubilee Church (ACM) Jndependent Examlner's Report lo the trllsts of Jubilee Church (AChD Independent eiarnlD¢r's report to the trustees of Jubllee Chureh (ACM) I report to the tnLStees on my examination of the accounts of Jubile¢ Church (ACM) (the Charity) foT the year ended 30 Junc 2024. Re$pon5ibilltles ind b481s of report A5 the twstres of the ¢bariry you are re5p)nsible for the preparntion of the ac£ounts in alxordate with th¢ requirements of th¢ Ch&riti&% Act 2011 Cthe Aet). I report in respect of my examination of th¢ Chan"ty's accounts carried out Under section 145 of the 2011 Aet and in canyin8 Out my exwnination I h&ve followed all the applicable dJreetion8 8iven by the ChaTity Cojnmission under section 14S(5Xb) of the ACL IndepeDd¢nt examn¢T,$ sl•t¢)nellt Sinc¢ the Cl)aritys 8T08S income ex¢e¢ded £250.000 your examttiu UllLSt b¢ o mewber of a body lisied in secuon 145 of the 2011 Act. I confinn thai l am qualifia to underthkc the ¢xaminatton becgu5¢ J am a memb¢r and Fellow of the Asso¢iAiion of Ch8rity It)dependeni Examjn¢r5. which t$ one of the listed bodies. I have ctsmplet¢d my exorniDation. I cottfjm thai no m&tteTS have corne to my 8tt¢nllon in eotiti¢¢ti¢)n with the exunination giYin8 me cause bcli¢ve thai iti any rDgTial rcspec('. l. &ccounLing records wew kept in of the Charity as wuir¢d by s¢clion 130 of the A¢¢. or 2. the a¢counts do not accord with those reeords,. or 3. the accounts do not comply with the accounting rwuiremcnls ¢oTr¢¢rnin8 th¢ f¢)rm and conleni of acwun set out in the Charittes {A¢Uts and R¢pons) Re8ulaiions 21)08 other than any requirem¢Thr that the accounts wve 'tru¢ and faif view whi¢h is not a rnatier cortsidered as part of on Independent ex4minaiion. I have no eonecrn5 and havc come across no other matters in ¢onnectson with the examinatton io which Attention Should be thawn in this report in ord¢r to enable a proper understandiD8 of the aOll to be rea¢he41 rien MSC, FAIA. FCIE, ¢mployce of Communiry Accowiting Plus Fellow of the A&wciation of Charity Independent ExamineTS Uni18 1 & 2, North Wesi 41. Talbot Strcet Nottingham NOI 30L D&tt'. 2910412025
Jubllee Church (ACM) Statement of Financlal Activities for the Yr Ended 30 June 2024 Total 2024 Incom¢ Endownts from: DonatiOOS and1¢8acies Chsritable acbvlti 82.504 41.570 655 82.504 468,547 635 426,977 Tot81 bKome 124.729 426,977 551,706 Expendlture ort: Chan"t8ble activitiej 142,395 239 836 382,231 Toial EXditr¢ Net (expendittueyincome Gross tyaDsfer5 belwe¢n fvnd4 142 395 382,2Jl 117,666) 187,141 22255 169.475 Net rtK)vem¢nt ID fitnds 4.S89 164.886 169,475 Ree&n¢illAtlon of fMDd$ Totsl fvnds broughi forward Total fiubds carricd forWd 1.114.410 119.344 1,233 754 12 1,118.999 284,230 1403.229 All of the elwiry's actsviiies d¢rÉve from contitiuin8 oF¢rniiotts dun'n8 the above two periods. The futh bre8kd¢)wD for the period is showTr in note 12. Totxl 2023 Uumtrtet¢d Reltrfficted Notr Income Dd Endowment¥ from: Donatio and legacics Chari&bl¢ activities Inve5¢Tnoni Ill111 50,025 38.568 329 50.025 227.794 329 189.226 Total Income 189.226 278 148 Expendlture on: Chdritable activitics 117,365 132,492 249,857 Total Expertditure 17,365 132.492 249,85 Net (exFaiDueYJDwme (28,443) 57.520 56.734 57,520 28,291 Net movement ill fijnth 29.077 {786) 28.291 RecoDclll*tloD of Totsl fut¥ts brougbt forward 1,085.333 1.114.410 120,130 119,344 1,205,463 Total funds Carrted forvmrd 12 1,233 754 The OD pag l i to 22 forni an inte1 part of thue fitiancial 51at¢ments. Page 8
Jubilee Churth (ACM) (Registration number: 1181444) Balanee Sheet As At 30 June 2024 2024 2023 T4ote Flxed as%1• Tnble assets 1.076.036 1.039,435 Current Aosets Debtors Cash at bank and in hand 4.485 329.194 9.590 ISX),491 io 333,679 200.081 Credltors: Amounts fallln8 due wlthlwj one yur 5.762 Net cprrent aM¢ts 327 193 194.319 Net Mets Fund of the ¢h*rlty: Re•trkted in¢owe Restri¢ted fijnds 12 284.230 119,344 Unre•trleted In¢ome Unr&4trictrd fijn 1,118.999 1403,229 1114.410 12 1233,734 ststements on Pa8 8 to 22 wroved by the IMte¢s. and auihorixd for issue on d si1 on their behdf by.. IIAnnah Whittaker Trustcr The notes OD pages i I to 22 fortn an inte1 pwt of these fllwicial 5tat¢wits. Page 9
Jubilee Church (ACM) Cash Flow Ststement for the Year Ended 30 JuDe 2024 2024 2023 Nots CAth flo from oper*¢lng Artlvltles Nei c4sh income 169.475 28.291 Ad}u$trnents to eagh from Itemi Depreciation Investm¢nt incoiIie 18.028 655 329 186.848 27.962 Workin8 ¢llPIt81 D¢¢rease in debtors Incre85¢ in creditor8 5.105 724 3,471 Net cash flows from op¢ratitig acti¢$ Ci8h flowi from IDveytlng aetlvit Intere9t ely8b]e and gimjiar irtome PubC oftsngibl¢ fix a85¢ts Net ¢88h flows from invesi>n8 ¥tivitieS Net increue in ond cash equivalents 192,677 34,051 655 54,629 329 53,974) 329 138,703 M.380 Cath attd cash equivalettts at l Juty Cash and c&8h equivalents at 30 June RelleIllIoN of net ¢h Ilow to movement Det LncreasL' in ush 190,491 156,111 329 194 19),491 138,703 34.380 N¢t fithds at l July 2023 190,491 Net fiuML8 at 30 June 2024 329 194 190.491 All of the Cash flow8 are derived from CODtiLUi08 operatiotig duri08 the ab¢)ve two period The notes on pages I I to 22 form an integral part of fiDancial 5tat¢m¢Dts. Pagc 10
Jubilee (ACM) Notes to the Flnan¢121 Statements for the Year Ended 30 June 2024 l Aecountlng poilele• Stt¢m¢nt of eomp15•N¢¢ Th¢ fanciaL siat¢ments have prep in COrdance with tbe second edition of th¢ Charities Stst¢ment of RcLot)uy¢nded Practice i&qued ill Octob¢r 2019, th¢ FiDathcial Re[18 S&t)dard applicable in the UnitL Kin8dom and Rcpubli¢ of Ir¢l8nd IFRS 102) and the Charitie5 Art 2011. Ba81$ of prepr4don Jubilee Chtu¢h (ACM) nKets the definition of a pthlic bencfft entity FRS 102. Assets And liabilities aTe initially rccognis¢d at historical t or trarffjacrioD t4alue unl¢ss Other stated iti th¢ r¢levant A0ting poli¢y notei. Golnx concern The fjnawial thtrments h8vt be¢n w¢prtd on 8 goiD8 eoncern basi8. Thc tnwtets 8&8¢85 whether the of 80in8 cern 18 appropriatr i.¢. whether th¢re aTe any material uncert2intkes related ty events or conditions thot rnay cast significant doubt on the ability of the d)8rity to continue as a goirtg eoncern. The tswtees make this ass¢ssmtht in Yespect of a period of one ye4r from the dote of approval of the finbttcial s¢0t¢mts. Income and endownnti Voluntary income including dolty gifts, I¢¥xic6 aod 8rants th81 proidc corc fimdin8 or are of a Scneral n8tsTe 15 rccognis¢d when the clwity has entitiemcnt to the ineom4 it is probable that the incom¢ will be received and the amount tan be rnell with sufficicnl r¢li8bility. Don4ttofts widle8acles Donations and lega¢i¢B art tt4o8ni thi & ff¢¢ivabl¢ ba818 when rec¢ip¢ is PTDbble and the myout)t be reliably mwured DivideDd$ Are reco7d thc diviklend hu been d1Th1 and ttotifiL*tioD has b¢en receiv of the dividend Expendlture All eXpenditte is recognised oDce th¢ is a lesal or ¢ons¢ru¢tive obligatiott that expendilllre. it is probdble settlement is rquired alld th¢ am[]nt Mi be measur1 Teiiably. All costs 8re allocated to the applicable eXndItre FAe&dTng that aggrrgat&$ 8imi1gr o)sts to that rate80ry. Wh¢rc costs cannot bc diTcGUy attrbl Ut¢d to particular headings (hey havc been allocated on a basis consisicnt with th¢ use of resources. with cenlrdl staff ¢0Sts allocated on the basis of titne spent. and deprw"ation charg¢8 ailocatryl on the TK)rtion of the assei's use. Oth¢r 5uppoft Costs are allo¢•t¢d Fwed oll the spmd of stsff c05 Chwlloble adlv Charit8ble expe1]dittt comprises those costs incurred by th¢ ¢haT5ty in tbe delivery of its activities and servi8 for its ben¢fieiaries. It includes b(rth costs that can be allo¢aEed direcily to such acuvities and thos¢ costs of an In'reCt naturc ncces5ary to support them. Pwll
Jubil¢¢ Churth (ACM) Notes to the Financial Statements for the Year Ended 30 June 2024 (contlnued) Taxatio The cbarity is collsmlered to pgss th¢ tssts set out in Pagraph I Scwule 6 of FintiDce Aci 2010 and therefor¢ it meets the defjnition of i cbaTitsbl¢ ¢ompany for UK corporatioD tax putyoses. AccOrdiny. the charity IS Potentially excTnPt fmm laX10th in res of income or capital gains ttceived withtn ¢otegorie8 overed by Chapter 3 Part I l of the corrration Tax Act 2010 or Section 256 of the Taxation of Chargeable Gall Act 1992. to the extent that or gains are applied ¢xclusively to chan'table pu0%8. Txnglbie flxed 4gset¥ Indivjdual fix¢d &ssets ¢ostsng £l(KX) or rnre are initially rOrded at eoAL le48 any wb8equ¢ni acaJnU1cd depreciation and subs¢quent a¢cuTnulated impfjirment losses. D¢precltlon ind •mortiyatlon Depreciation 13 provided on tangible fixed 8&8ets so &% to writt off th¢ $t or Valuatio less any ¢stimated rcsidual value. over thcir ¢xpccied us¢M ¢CODomic life 86 follows.. A81et cl• F'urniturc & equipment Deprecl•tSoD Dthod and rAte Straight line 33.3% Tride debtorj Trade debtOTS Br¢ amowts du¢ fm cu8tomets fw nwchth sold or services pdomed in the ¢)rditi tout¥e of busine88. Trnde debtors are reeo8ttised initially at the tran58ctson priee. They are subsequelldy measured amortised cost usin8 the effectiv¢ inlerest El11¢¥5 provision for irnpamenL A provision for tbe impairmenl of debtors 1$ estsblished whth) th¢Te is objective evidenee thai the ¢h•riry will not be able to colle¢¢ all imounts due cording to the origind twmj of the re¢¢iv8blqs. Cih and ¢•$h equlvleDts Casb &Dd equivalenLS ¢omwise c8sb on baDd c411 d¢p08its. oth¢r short-terni highly liquid invcstmcnts arc t¢adily V¢rt1blc a kIll 8mouEll of c86b al aff subject to an its%i8nifiLaTht risk of change in valu¢. Fund Jtrncture Unrestricted income funds aye 8eDeral fimds th&t are v•ilable for use at the Intste, dItiOn in fUrthnCe of the objertivu of the CTr1ty. R¢stricted income funtls tre those donated for we in a tArticuiar area OT for splfi¢ puryrt)se4 the us¢ of which is r¢stri¢ted to that area orpwpoae. rtd other pwt retlretllent ob¥tiOnS The charity opeTaies a defined coDttibution peL8ion schell which li a pension plall Under wbich fixed coThtributiorL8 8r¢ paid into f4 P¢DSiOn fund and the ¢barity h83 lego] or constructiv¢ obligation pay fith¢r contrhbution$ even if thc fvnd does )1 hold wfficient assets to pgy all employees the ben¢fits relating to employec 8ervic¢ in th¢ ¢wrent attd prior pcri(¥Js. Contributions to defined contritMJU"on plan5 att ff¢ognised ID the Sthtynent of FinaTJ¢ial Activitics vthen they are due. If contritMtion pa)Trellts ex¢eed the contribution duc for 5crviffj the exc is r¢coEDiseA as & prepaYl Pa8e 12
Jubilee Church (ACM) Iyotes to the Finn¢lal Ststements for the Yesr Ended 30 Junt 2024 (continued) 2 Itt¢on from dontloni kggfl UrestrAded Total 2024 TotAI 2023 CeDer•l fh)n&tions and le8a¢i¢s' DonatioThs from indivi¢hthi8 82.504 82.504 50,025 3 Ineome from ehrltbh xttlvltlu UDf¢strleted fuDds General TotAI 2024 fund• Grnnts & donatioDS L¢tiin8S Sundry rtceiprs Evenl iDwn¢ 426,977 426.977 40.419 538 613 40.419 538 613 426 977 468 547 UDresirle¢ed funds GeTreTAI Restrlrted rullds Total 2023 Grants & donaiions txttin88 Non profi( income 189,226 189,226 36.596 1.972 36.596 1.972 38.568 189,226 227,794 4 InV¢ellt lrtcon Uttmtrltted fnds Cyenerl Tot1 2024 Total 2023 Interest fE¢eivablc and similat income. Enterest receivabl¢ oll bank de$11$ 655 655 329 Pa8¢ 13
Jubilee Chureh (ACM) Notes to th¢ Flnxnclal Statements for the Year Ended 30 June 2024 (eonthiued) S Eipettdlture op thritble activltles Uttre8trfcted fuDds Re8tri¢t¢d f¥d$ Totgl 2023 2024 11.430 4,722 85,314 930 14.074 1218 18.602 30,032 4,722 234,924 3,753 14.074 3.718 5,110 3.675 315 ,933 2,558 53 572 1.180 1,398 2.418 7,882 Insurance Wages, Nl & pettsiL Sotiwo Uiilities Legal & profe&sion81 feas AdverthsinB Church hobvitaiity & ttfre8hllMts Disciplesbip 149.610 2.823 175.701 6.562 5.110 2.678 315 1.933 548 53 779 Events Bank ch8r8es Safe dIng Travel Worship Printing & statiollery Training Depreciation General expenditute Subscriptions Equipment Grant expenditure Prayer room LS3 2.010 572 979 201 lJ98 312 190 2.106 762 18,028 313 487 42 18,028 33,861 487 18.578 33Y8 9.073 18.536 44,046 2,240 2.572 142 395 239.836 382,231 249.857 Pa8e 14
Jubilee Church (ACM) Notes to the Financi21 Statements for the Yeydr Ended 30 June 2024 (continued) 6 1ndepeDdertt examlner's fees tring thc pcriod, the fees p&yable (excl]llg VAT) to the cEIlty.9 Indepdent ¢X8mitier Community Acxountin8 Pl are analysed as follows.. 2024 21123 Independent ¢x3tniD8t 955 865 955 865 7 T¥x•tloty The cbarity is a re81¢[ed cbatity aDd is therefore exetw from twtio 8 Tanble fixed #iW• Land blidin Furniture #Dd Other tAnglble equlpwent xed TotAI Coit At l July 2023 Adth'tion5 1.039,435 18.628 18,975 I,osg,063 S4,629 35,654 AI 30 June 2024 1,039,435 37.603 35,654 1 112,692 Depreclxllon At l July 2023 ar8e for the yr At 30 Jun¢ 2024 18,628 18.628 11,766 24.890 11,766 36,656 Net book v&lue A¢ 30 Ju4¢ 2Q24 1.039,43S 23,È8È 1,076,036 At 30 June 2023 1,039.435 1,039,435 Ptge 15
Jubiltt Church (ACM) Notes to the Floancial Statements for the Yr Ended 30 June 2024 (¢ontinu¢d) 9 Debton 2024 2023 TT8de debtor8 Prepayments Other debtors 4.395 5.843 3,747 9.590 4,485 10 C•h And CA8h e4ufv¢Thts 21n4 2023 30 329,164 30 190,461 C88h at bank 190,491 11 Credltors: AIllOlbDti f111$ dw¢ rAthin OD¢ y¢r 2024 2023 Other tsx8ti0tt Atsd Social eurity Otber ¢r¢ditor 4,463 2,966 6,486 5,762 P88¢ 16
Jubllee Church (ACM) Notes to the FinaDcial Ststements for the Ye4r Ended 30 June 2024 (coDtlnu¢d) 12 Fund Balance 4t 30 June 21)24 Blnee At I ID¢omlng Resove Juty 2023 e4>tnded TrnJfe Unre8trktsd funds G¢neMI General 1,114.410 124.729 (142.395) 22255 1.118.999 Res¢rl¢ted fwn Ukraine Support & Hub Utilities Community Help Projcet Catalyst (Youth) F.ngage Buil<ling fwKt Childrctt's Worker Salary Fund (Harrison) Rank Fund Shine c8f¢ & toddle RehJge¢ Support LNF.R Youth Worker$ 8alaries Winter PSSure$ NHS A4A ske bund SKDC L¢velling Up Hter LCC LCF CTaDswi¢k Nei8hbourly Youn8 Creativ&q Screwf 2.358 (6.447) 911 11.510 32206 652 60,005 (21.945) (1,812) 156.055) (1.704) 20.067 35,964 12231 39,914 12,231 18.019 121 17.862 381 2251 18,019 49,929 79.938 {23.685) 119.7761 44.lQ6 60,543 2.351 2,CQO 8,977 2,671 56 4J75 6,992 180 13.026 (7.805) (4.321) (794) (18.500) (933) (3260) (500) 172.983) (I,020) (619) 1.250 18,5(Kl 998 (580) 65 4.740 SC 142.465 6,138 [17,7(1) (1.812) 51.782 3,306 2.400 5.970 NATGRID 5,970 Total rejtrleted fuD 119,344 22,255 426,977 284230 239,836 Totxl fMn4 1233.754 551,706 382231 1,403.229 17
Jubilee Chureh (ACM) Notes to the Flnanclal Statements for the Year EDded 30 June 2024 (continued) Blntt *1 I Joty 21)22 IneoJDlng Re8ow£ 30 Junt 2023 Trallsfen Unrestrkted fynds Gellerai 1.085J33 88.922 (117.365) 57.520 1.114.410 Restricted Live Sound Take 2 Ukrain¢ Support & Hub utsliti¢s Commutiity Help PToje¢t Pray room Catalyst (Youth) Engage Buildin8 fill Children's Worker SalAry Fund (Harrison) Cre8t¢ and Share 2 Rank Fund Shin¢ ¢afe & ioddiers Re8¢¢ Supporl LNER Lcyouth Youth Workers salaries Bcn¢fact Tnjst Will Pressur¢s NHS A4A Stoke Fund SKDC Levellin8 Up Total reJtrleted fund 4,856 (4,856) (5.427) 15.295 (7.510) 2.358 4,OC 11.510 25.010 1,977 (13,S(X)) (1.977) 1,000 35,964 12,231 30.478 12,494 156246 (53298) 1263) (7,462) 18.019 16,754 251 18.019 3.750 (19.SY12) 1130) (9,7661 (3.784) {10,6211 (4,503) 1602) 43.532 1.4(Kl 17,457 (15.904} 17,862 381 2.351 2,765 2.023 4.503 (6.5081 2.(N)O 4.486 17J84 9.926 (3.258) {10,1291 (1.008) (1,228) (2,8801 {1,9261 4,375 6,992 180 189 57,J20 119,344 Total hDds 1205,463 278,148 249,85 1233,754 Page 18
Jubilee Church {ACM) Notes to the Fingnclal Statements for the Ytsr Ended 30 June 2024 (conthiu¢d) The specific pwpos¢s for whicb the fjJnd8 art to be appli are a8 follows: Young Cr¢ativts - The proj¢¢t i$ ain)ed at SUPlX)rtin8 young pwl¢. a8ed 11-18. with their mentsl h¢aith, wcllb¢in8 & c¢)nfidenc¢ through the mediuth of ohusic and medi Engage Fund . This projects aims alongside and assist the ILK•] ¢4)Tnmunity to integrate into conjmunity. Vib¢8. A rnOTKhly music fAfé ptoviditt8 SUPPOrt to yrAm8 adults 88rAJ 18.25. Sup)rtIng Rethgees & Asylum se¢k¢rs - This PMj suNxJrts those displ8c¢d 4ttd aeekwg asylum by providing ETLglish less¢)fL8, a5 well as prov5din8 tt spttc¢ for ufé to run to suppon with their m¢ntal health aod w¢llb¢iD8. Commumty Help Fund - This was initially set up provid¢ support thos¢ within the community WIK) wcrc found to be in need due ty the effects of the Cor0Davin PAnderni¢. The m&in supwrf provided ha8 been with food deliveriu and fotyj vouchers as well as pmidin8 SUPPOrt with adth'tioDal services to $UMKSrt inth'viduai& with their mel1 b¢ahb dlld wellt¢m& A48 Stoke Fund- supporting forWlD8 with those IiYn]8 in ho*1 a¢comtiOn whilst seekmg asylum. Buildin8 Fund. The fujawitig of buildiD8 r¢D)vatiotsq aod t¢p8irs. Shitie Fund . A fé & todd]er group for those suw881in8 with i10 m¢ntyi health SIggI4 to receive support, txeet people and tske in a¢tsviknN sh &4 E•knn& craft WKI music. Ukrnini8n swrtniub. Fm)d6 to support the work with ukyaini cornnumily in¢ludin8 the yowig people. Wit]ter Pru & Warni Pl%¢ fimts INHS. Shin4 Our cornDty) - ThJ"s fund atlows us to 8Dd extend our café & todder s¢5sion for additional pcriods help those stru881itig th¢ ¢08t of living by providing a W4rm place for them to come to and distribute wami packs thos¢ iti need. LNER Café Fund. A cbst café for peopl¢ to rtteive •lld talk througb nKntsl h¢th sttu8gks. Rank fund - a fund to help ug inwove the li8hting Costs within the ¢tre lOwIng us to buy and in&t411 more cost ¢fitiVe 118htin& Page 19
Jubilee Church (ACM) Notes to the Flnan¢iAI Statements for the Year Ended 30 June 2024 (continued) Asd& LCF Utilitie4 SKDC Levellitig Up, SCrVfi & Heatas fund5'. FdS that support the Tyntiin8 of our centre wÉth costs of utiltties by providin8 firmn wpN)rt for wility bills and with upgrades to Current ligbting aDd systetD5 eabling w to bccome mwE envtroJyMt8lly fn"endly ard lUC£ nlti8 costs. Children's vmrker Sary fuThJ & Rotary Youth wJ8eÉ. fimds Taised 18iVth towards yIng a youth & childr¢n'8 WOTk¢r. LVET. Fund to $upJkn youD8 p¢(syl¢ by providing tif¢ skill #16iOD6 IDcldIng bakin8 aDd c(*ill8. Nei8hbourly. fvnd4 to support tlKrfe in need in our eomiThty by providing vouclm 8nd tivIties. Catslyst.. FuT¥h donated for the &uprt and spiritual discipleship of youth att¢nding Churth &ervices 8Dd meetings. Ben¢f4¢t. A fillhd io support the with ow Ukrainiaa comrrity including the yOWL8 pe4)pl¢. Winter Prwuru (NHS) - Thiy fijnd allows US to rnn and extend our rAfé & ts)ddler $¢ssion for addition periods to help tbose struggiittg with th¢ cost of hviD8 by providing i place for them to com¢ to. LNBR Fund . Thi8 proJKts aims wrbrk those suff¢rin8 igolation aTMI mentsl htslth problems offering place to com¢. meet with oth¢r people and tyke pfirt in actsvities. R¢fv8ee Swort. Thi# proje¢t 6UPPOrt8 refvg¢¢o in the ¥r¢ LNER. Suppoffs the rwjning $ts of one of Commlty hub cafr8. The transfer from th¢ Con]Mlty Help projrt Winter Pressur fillML SKLK IAvelin8 Youn8 Creatives aDd ScrewfLX fund to the General fvttd reprc8¢nts the net book vAlue of fixed &sg¢ts. the use of which 18 nol wbjeci to any re$¢rictiOn. Th¢ transfer from th¢ Getterni fimd to the Catslyst fillMI 18 to er tbe deficit on this activity. P88e 20
Jubilee Church (ACM) Notes to the FlnaD¢ial Ststements for the Year Ended 30 June 2024 (continued) 13 ADlyJi# of n¢¢ •18et$ b¢tweeTh ld8 Total fund# It 30 Jun¢ 2024 funds G¢nenl Re8trl£ted Tangible fixed Sets Current assets CutT¢ni liabi)itie8 1.076.036 49,449 6.486) 1,076.036 333.679 (6.486 284.230 Total n¢t assds 1,118.999 1,403,229 Unr¢8trltted fund8 Gen¢r•l Tot1 fund$ at 30 June 2023 Restrlcted fuod• TanBible fjxed 8896ts Current hssets Curr¢nt liabilities .039.435 80.737 5,762 1.039.435 200.081 5.762 I l9.344 Total nel &8sets 114410 1,233,754 14 Related party trn8aetlonB During the year the chpn'ty mth the following lat¢0 party ttall5athion8.' Nle¢l Whlttk¢r Nicci Whittake9 hwband R¥syel Whitthker and sisw in law HonnAh WhittBkcr are tnjstees. Nic¢1 Whittaker receives a salary f(K her rol¢ &% finan¢¢ worker and projrxt Thtsd(eT. During the ae¢ountinB period she received £45967. At the bal8n¢e sbc¢t dale the 8tt)ount tolfrom Ni(ti Whittaker was £Nil (2023- £Nil). Il*nDAh Joie Truste¢ Hannah San Jose was paid £18,01 I for her wk with our Mimraat comnwwty through fvndm8 rec¢ived. Shc was not paid for ber seTrices as A Twstee. Al the ball¢ sheet date the amount due iolfrom HawJ4b s Jos¢ w&4 £Nil (2023- £Nil). Page21
Jubilee Cburth {ACM) Notes to the FlnADclal SttsmeDts for th¢ Ye4r Ended 30 June 2024 (eontinued) 15 Staff Costs The a8greg8te payroll cogts weT¢ follow&" 2024 2023 StAff¢osts dllrlng the ye#r were: Wages and s81aries Social security COSIB P¢nsiott CA)sts 222.081 9,103 3.740 163,796 8.823 3.082 234.924 175 701 The nb)t)thly wcr88¢ m)rnber of puyom employJ by the ¢h•rity durtll8 the yr w&8 as follo. 2(124 2023 AvcEag¢ numb¢rJ of pernotti ¢mploy¢d 19 13 512025 - 4) of th¢ above employees partic]w in the Definga Contributiott Pension Schem¢8. No eroployee Yeceived emolumots of 7ry>re thAn £60,1YXJ dLm8 the y¢aT The tothi employee benefits of the key moDa8thnent Ptt90nnel of the ch8rity were £114,673 (2023- £89255). 16 Trustees remunerdon nd expvws During thc year th¢ c]Jarity rnade the followi8 trati8tiOnS Wtth tNst¢#: Ryssel Whltt8ker Rujscl Whittyker received mwnmtion of £45,471 (2023.. £4L626) dwing the year. Sa18ry for Ministy work HIDnah WblttRker Hann8h Whitker received remun¢ration of £23235 (2023.. £18.011) duriD8 the yetr. Ett)ployl by the clwity forh¢r skill 8¢t atr•¢her to kad *veral of projts. Pa8c 22