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 ￿1￿￿1•¢r John (YBriry employe¢ of CoMm￿ty A￿0￿￿ting 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 Nottin8t￿n￿lrt NG24 IDY ViTgin Money 681 Chesterfield Ro•d Sh¢ffi¢ld $8 ORY Page I Jubllee Church (ACK) Tru*ees' Report Jun¢ 2024. Objertivu *edvld ObJ*etsoRd Th¢ objec¢$ of th¢ CIO are to advan￿ the awi8tian faith ID LinwIt￿lr¢ aod in 6u¢h othrr pvts of th¢ Uni*d 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 Unit￿1 W or The ChU￿h n*¢ts every wKk on 8 Sunday #nd theTr a V3Tidy of mid*wk actsvitiey for adult8J youth and Children. Th¢se acuTritiU range from 8¢¢knn8 to help the I￿1 community thTOU8h a TAll8e of 8ood works su¢h as providinB 8 drop in & SPaC¢. to St￿ty ATrJ tr*biDg lim￿ at dyin8 the of th¢ c￿lst1*n ￿'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 a￿1 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 gr0￿rth 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(M￿S pwl¢. apl 11.18, with tbeir mentsl health, wellb¢in8 & ￿nfidence through the w*th'um of rn￿1¢ 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 p￿VIouS 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. VI￿c$ wvides Sp￿¢ ond support to young adults USiDg rn￿7¢. 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 COMM￿ty. 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 cornm￿1ty. We will also h05t g number of fonuns working alongside mentsl health ￿ wellbein8 for tlw wkn stsuB8le with this tDd isolated In parthership wfftth GI￿thaM Additional Ne￿ts 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 cornti￿ty and a¢q￿lte mv ski115 in cateriDB public servi￿. This conjbitied meou8 we bfft a e4fi 8a8ion rp]n￿l￿ 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 a￿1 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 I￿￿￿til￿ ovtt th¢ wintff period We became 4 th'$tribution C¢Dtre for warn? pth witbitt wr tow Our Parent and Toddler group is atrenxly v¥ll arml rum ovq 2 thys fimded through the Engage projecl and Shitte Linwinsbir¢. We bav¢ ¢¢)ntinu•d the work with our n)i8rant cofjmnw. H4ViDg g¢¢tt tn in¢r¢ue in the llUTnber of people seeking asylutn in th¢ pffvio￿ year wt wntinued to go into the hot¢L th EDally of th¢m were accornmodat¢iL to provide sufv. ltt addition to this wer¢ able io offer support & a￿]Vitie6 withirt ¢)ur emises for th¢m. Over the yw bttv¢ Provided 8ocial activities a8 8 physi￿ filt￿88 and w•llb¢itLq 8ession8 to supp)rt their phisic81 and mentsl ljealth 48 well etwblin8 them to xcess our existing convetsational English ¢lasge$ and attend the w￿10￿$ cafes we DJD to h¢lp with their Socia] inttraction. With the increase in the numkn of I1￿e 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$￿￿8 ort Dow taughi in 8mups b￿¢d on ability Ilue the sheer num￿[ of those o¢¢win8 them acro# our We ￿￿titsUe to be 8UPEthed with fwd doDBtion from lo(al which ¢n&ble• u8 to distrl>ut¢ fwd p8¢kages to th0￿ in need thTOU8h the projeets that we ru With premiJe5 is cojmtont we M bave been looknn8 #t how we become ll￿r¢ environuKntsily fri¢ndly. With the ¢ost of eu¢rgy price8 60trin8, we hve Ir*Jked to fee how ¢ao bett ¥8r4d¢ pttrts of our premi8e$ to K¢duce ¢Th8ts as well as be ¢nvirOnn￿￿lIY 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 repr￿ent 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 developll*nt of voluDteern. With this w th¢ cbatity I￿5 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 C￿sUre that the ebarity has 8￿ffi¢l¢￿t to meet its • To dernotjstrait that the chatity 18 Wt*inable 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 WIth￿rt 8Dy ide￿ifiable tt&%on or for id¢Dtifiable puryk)se. Thi8 re8eNes p)li¢y relates ottiy to th¢ ¢I￿lty 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) Tn￿te￿, Report (continued) Th¢ CIO Found&tiott 16 opcrntedwth th¢ tukB of ity a00￿ed111I20I9. New trustees are app)inted wlw a Buitsbl¢ persoD is row￿ tky willin8 to undertakn the P￿itiOn. They are then appintedby afull ofthe truthes. Jubilee ch￿￿kn 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¢ ￿lri￿￿1 ¥ide alld wwth of th¢ chutcb. Dceisions on dDy.￿Y thini$tralioD attd nmDiDg of th¢ tlwrity ar¢ made by the nw¢mcllt tearn #ppoilited by the Tru51¢e8. Decisions that reht¢ to finaDci•l givin& ]4r8¢ purc11•￿ gad chw outsid¢ th¢ 8LXV of bud8¢ts or to the 8enetal dirrelion of th¢ Charity ar¢ m&de by the TnJste¢J. Decisions re8arding the spirits￿7 bealth •TxI Jircctson of the chwch are made by the Senior L￿le[￿lF teom who report b4¢k to the boord of Tn4t¢es. The Sthior iAders ar¢ a¢cmlited by Churdw In CCrfnM￿￿￿¢S. Thi$ a￿tedl￿tion provides a layer of a￿o￿th￿l11ty 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 perso￿llY and Dot for the cbw. didat¢, but thc decision to 8pp)int SOM￿0¢ 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*￿wI￿lIe of th¢ charity. and their willin8nesg to support. If a person 1$ a￿ted to be • suitsble Candidate. a tiomiD8teAI TnJst¢e will rwh to them. Once appointed All new Tn￿te¢S will be requimj w under80 ￿feg￿dth' 8 tr￿n1￿ 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 Tn￿t￿¥ med and diycuss wa8¢8 on ￿ aDnwI b￿1¥. Wo8e increjw are madt in lin¢ with infiation l& th¢ p¢rcentaBe increue in th¢ Dats'onai liYÉDg ww. . kny 18rg¢r iT￿re¥s¢ to a wage is based on 8n Individu￿,$ qU￿lty 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¢ enwloy￿l 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 L￿der 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 chll￿h. 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 Curm￿lty. 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 s￿eMents 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 applI￿tiOn of resourc￿ of the charity fw p¢riod. In prepriti8 these ruw￿1￿1 Statemen￿ th¢ trus*es ate required to.. 8el¢ct suitable a￿U￿￿n8 policies and th¢n apply them ¢ODSiStentty' obaerve the methods 8Dd prin¢ipl¢s in the Charities SORTr; nMk¢ jud8emcnts and ￿1￿21￿$ tbat are rewnable and pnthn state whether applicabl¢ accounting standards have been followe4 SubJ￿t to any material dep￿￿e$ di5rlosed al￿ explained the financial st8trments,' and prepare the financÉ81 ststemeDts on th¢ goiti8 con¢¢rn b&si5 UDltss it is in8twopriate w pre$ume the charity will ￿ntinue in busin¢8S. The tNste¢s are responsible for kying PTop¢r record8 disclose with reasonable fic￿ ¥1 Iny time ihe finan¢ial position of th¢ ebarity and ellable them w ensure thai the finaoci81 stst¢rnents comply with the ch￿111¢$ 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 NVbit￿k¢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$pon5ibilltles ind b481s of report A5 the twstres of the ¢bariry you are re5p)nsible for the preparntion of the ac£ounts in alxordat￿e with th¢ requirements of th¢ Ch&riti&% Act 2011 Cthe Aet). I report in respect of my examination of th¢ Chan"ty's accounts carried out Under section 145 of the 2011 Aet and in canyin8 Out my exwnination I h&ve followed all the applicable dJreetion8 8iven by the ChaTity Cojnmission under section 14S(5Xb) of the ACL IndepeDd¢nt exam￿n¢T,$ 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 rDg*Tial 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¢￿U￿ts 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 a￿Oll￿￿ 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 Y￿r Ended 30 June 2024 Total 2024 Incom¢ Endown￿￿ts 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 EX￿dit￿r¢ 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 forW￿d 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 Ill￿111￿ 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 inte￿1 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• T￿n￿ble 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 si￿1 on their behdf by.. IIAnnah Whittaker Trustcr The notes OD pages i I to 22 fortn an inte￿1 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 Pu￿b￿C 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 Re￿lle￿IllIoN 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• St*t¢m¢nt of eomp15•N¢¢ Th¢ f￿anciaL 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[￿1￿8 S&t)dard applicable in the UnitL Kin8dom and Rcpubli¢ of Ir¢l8nd IFRS 102) and the Charitie5 Art 2011. Ba81$ of prep*r4don 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 A￿0￿￿ting 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¢m￿ts. Income and endown*nti Voluntary income including do￿lty￿ gifts, I¢¥xic6 aod 8rants th81 pro*idc 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 rne￿ll￿ with sufficicnl r¢li8bility. Don4ttofts widle8acles Donations and lega¢i¢B art tt4o8ni￿ thi & ff¢¢ivabl¢ ba818 when rec¢ip¢ is PTDb*ble and the myout)t be reliably mwured DivideDd$ Are reco￿7*d thc diviklend hu been d￿1Th1 and ttotifiL*tioD has b¢en receiv￿ of the dividend Expendlture All eXpenditt￿e 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 measur￿1 Teiiably. All costs 8re allocated to the applicable eX￿ndIt￿re 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]ditt￿t comprises those costs incurred by th¢ ¢haT5ty in tbe delivery of its activities and servi￿8 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 P￿agraph I Scwule 6 of FintiDce Aci 2010 and therefor¢ it meets the defjnition of i cbaTitsbl¢ ¢ompany for UK corporatioD tax putyoses. AccOrdin￿y. the charity IS Potentially excTnPt fmm laX￿10th in res￿ of income or capital gains ttceived withtn ¢otegorie8 overed by Chapter 3 Part I l of the corr￿ration 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 pu￿0%8. Txnglbie flxed 4gset¥ Indivjdual fix¢d &ssets ¢ostsng £l(KX) or rnre are initially r￿Orded at eoAL le48 any wb8equ¢ni acaJnU1￿cd depreciation and subs¢quent a¢cuTnulated impfjirment losses. D¢precl*tlon ind •mortiyatlon Depreciation 13 provided on tangible fixed 8&8ets so &% to writt off th¢ ￿$t or Valuatio￿ less any ¢stimated rcsidual value. over thcir ¢xpccied us¢M ¢CODomic life 86 follows.. A81et cl• F'urniturc & equipment Deprecl•tSoD D*thod and rAte Straight line 33.3% Tride debtorj Trade debtOTS Br¢ amowts du¢ fm cu8tomets fw nwchth sold or services pdomed in the ¢)rditi tout¥e of busine88. Trnde debtors are reeo8ttised initially at the tran58ctson priee. They are subsequelldy measured ￿ amortised cost usin8 the effectiv¢ inlerest El￿1￿￿1¢¥5 provision for irnpamenL A provision for tbe impairmenl of debtors 1$ 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. C*ih and ¢•$h equlv*leDts Casb &Dd equivalenLS ¢omwise c8sb on baDd c411 d¢p08its. oth¢r short-terni highly liquid invcstmcnts arc t¢adily ￿￿V¢rt1blc ￿ a kI￿ll 8mouEll of c86b al￿ aff subject to an its%i8nifiLaTht risk of change in valu¢. Fund Jtrncture Unrestricted income funds aye 8eDeral fimds th&t are *v•ilable for use at the Intste￿, dI￿￿tiOn in fUrth￿nCe of the objertivu of the CTr￿1ty. R¢stricted income funtls tre those donated for we in a tArticuiar area OT for sp￿lfi¢ puryrt)se4 the us¢ of which is r¢stri¢ted to that area orpwpoae. *rtd other pwt retlretllent ob￿¥￿tiOnS The charity opeTaies a defined coDttibution peL8ion schell￿ which li a pension plall Under wbich fixed coThtributiorL8 8r¢ paid into f4 P¢DSiOn fund and the ¢barity h83 lego] or constructiv¢ obligation ￿ pay fith¢r contrhbution$ 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 & prepaY￿￿￿l Pa8e 12 Jubilee Church (ACM) Iyotes to the Fin*n¢lal Ststements for the Yesr Ended 30 Junt 2024 (continued) 2 Itt¢on￿ from don*tloni kggfl U*restrAded 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 eh*rlt*bh 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 f*nds Cyener*l Tot*1 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 th*rit*ble 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 t￿ring thc pcriod, the fees p&yable (excl￿]llg VAT) to the cE￿Ilty.9 Indep￿dent ¢X8mitier Community Acxountin8 Pl￿ are analysed as follows.. 2024 21123 Independent ¢x3tniD8t 955 865 955 865 7 T¥x•tloty The cbarity is a re￿81¢[ed cbatity aDd is therefore exetw from twtio 8 Tan￿ble fixed #iW• Land b￿lidin￿ 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 y￿r 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 Y￿r 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 f*111￿$ 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 B*l*nee At I ID¢omlng Resove Juty 2023 e4>tnded Tr*nJfe 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 Builre 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 remuner*don *nd expvws During thc year th¢ c]Jarity rnade the followi￿8 trati8￿tiOnS Wtth tNst¢#: Ryssel Whltt8ker Rujscl Whittyker received mwnmtion of £45,471 (2023.. £4L626) dwing the year. Sa18ry for Ministy work HIDnah WblttRker Hann8h Whit￿ker received remun¢ration of £23235 (2023.. £18.011) duriD8 the yetr. Ett)ploy￿l by the clwity forh¢r skill 8¢t atr•¢her to kad *veral of proj￿ts. Pa8c 22