Charity registration number: 1181444 ## Jubilee Church (ACM) Annual Report and Financial Statements for the Year Ended 30 June 2025 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| |Cash Flow Statement|10| |Notes to the Financial Statements|11 to 23| ## **Jubilee Church (ACM)** ## **Reference and Administrative Details** **Trustees** Russel Whittaker Derrick Simpson Jaimie Lord Hannah Whittaker Thrudy Cummings **Senior Management Team** Nicci Whittaker, Project Management **Charity Registration Number** 1181444 **Principal Office** Jubilee Church Life Centre 1-5 London Road Grantham NG31 6EY **Independent Examiner** Eva Stevens, employee of Community Accounting Plus Units 1 & 2, North West 41, Talbot Street Nottingham NG1 5GL **Bankers** CCLA Investment Management Limited The COIF Charities Deposit Fund 80, Cheapside London EC2V 6DZ Natwest Bank Plc Newark 1 Market Place Newark Nottinghamshire NG24 1DY Virgin Money 681 Chesterfield Road Sheffield S8 0RY 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 2025. ## **Trustees and officers** The trustees and officers serving during the year and since the year end were as follows: Trustees: Russel Whittaker Derrick Simpson Jaimie Lord Hannah Whittaker Peter Phillips (resigned 11 December 2025) Thrudy Cummings (appointed 11 January 2025) ## **Objectives and activities** ## _**Objects and aims**_ The objects of the CIO are, for the public benefit:- To advance the Christian faith in accordance with the statement of 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 and we have seen growth in the numbers of those attending services and in 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 as well as new projects beginning. Young Creatives has entered year 2 of funding. Funded for 5 years through The National Lottery Community Fund, the project is aimed at supporting young people, aged 11-18, with their mental health, wellbeing & confidence through the medium of music and media. Each week we meet and offer free music & media tuition including singing, piano, drums, guitar lessons as well as photography, filming, editing, animation and more. Most students are referred to us through schools and support agencies who feel they would benefit from taking part. The project retained many of the staff team from the previous Live Sound project and has gotten off to a really strong start. Our Vibes 18-25 monthly music café pilot came to an end. This provided safe space and support to young adults using music. It has become a follow on for those who have outgrown Young Creatives & Live Sound project. This was funded by Shine Lincolnshire. The Engage Project has continued to run successfully. This is funded by the National Lottery Community Fund and will run for 1 more year. 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 whose 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. We have continued to work with, and support displaced Ukrainian families who have been re-homed in our community. Our Ukrainian community has continued to run 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. We have continued to run 2 additional café days supported by Shine Lincolnshire. These aim to promote good mental health and wellbeing for those who struggle with this and feel isolated. 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, all of which are well attended. Page 3 ## **Jubilee Church (ACM)** ## **Trustees' Report (continued)** During the winter of 2024/2025, with the cost of living crisis continuing to have an adverse effect on many, we were funded by the NHS, Shine Lincolnshire and The National Lottery to remain open during the winter period for additional days and longer times and provide additional services. 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. We also became a distribution centre for warm packs within our town. Our Parent and Toddler group is extremely well attended and now runs over 2 days funded through the Engage project and Shine Lincolnshire. We have continued the work with our migrant community. Having seen an increase in the number of people seeking asylum in the previous year we have continued to support those placed in our community. We no longer go into the hotel, where many of them were accommodated, but they now come into our centre to receive support. With the increase in the number of those wanting to access our services we have been funded by The National Lottery under Supporting Refugees and Asylum seekers fund to provide additional English lessons and café sessions. The majority of all our lessons are now taught in groups based on ability due the sheer number of those accessing them across all our projects. 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. With our premises is constant use we have been looking at how we become more environmentally friendly. With the cost of energy prices soaring, we have looked to see how we can best upgrade parts of our premises to reduce costs as well as be environmentally friendly. We have received several funds to support an upgrade to our heating and lighting system and we have installed Solar Panels to our site. The charity is increasingly dependent on its volunteers. These come from a wide spectrum of society and represent all age groups, ethnic and socio-economic 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 60 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. ## **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 the charity has sufficient funds to meet its financial commitments; - To demonstrate that the charity is sustainable into the future; - To ensure that the charity is able to manage future unforeseen financial difficulties; - 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. Page 4 ## **Jubilee Church (ACM)** ## **Trustees' Report (continued)** ## **Structure, governance and management** ## _**Nature of governing document**_ The CIO Foundation is operated under the rules of its constitution adopted 7/1/2019. ## _**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. ## _**Organisational structure**_ Jubilee Church is registered as a CIO. The board of Trustees oversee the governance of the charity. The Senior Leadership of the church have responsibility for the spiritual side and growth of the church. Decisions on day-to-day administration and running of the charity are made by the management team appointed by the Trustees. Decisions that relate to financial giving, large purchases and changes outside the scope of budgets or to the general direction of the charity are made by the Trustees. Decisions regarding the spiritual health and direction of the church are made by the Senior Leadership team who report back to the board of Trustees. The Senior Leaders are accredited by Churches In Communities. This accreditation provides a layer of accountability and requires the Senior Leaders to undergo annual reviews to ensure they are following their vision and plan. Please note that this affiliation is for the Senior Leaders personally and not for the charity. New trustees are only appointed by the Trustees. The Senior leadership team can nominate a person as a candidate, but the decision to appoint someone new is made by the Trustee. A Trustee candidate is selected based on their skill set, what they can bring to the board, their knowledge of the charity, and their willingness to support. If a person is agreed to be a suitable candidate, a nominated Trustee will reach out to them. Once appointed, all new Trustees will be required to undergo safeguarding training, have a DBS check, read and agree with the policies and procedures of the charity. Additional training in specific areas will be offered as needed. The trustees meet to discuss charitable business and decisions in person and online throughout the year. Minor business and small decisions can be made through email communication. The Trustees meet and discuss wages on an annual basis. Wage increases are made in line with inflation /& the percentage increase in the national living wage. Any larger increase to a wage is based on an individual’s quality of work and skill set. All wages are kept in line with roles of a similar nature in other organisations. Wages for those employed on funded projects are set by the funders at the time of award. Many of these funds, which run for several years, have a wage increase built in. The wage for the Senior Leader and all other ministry roles is set and reviewed based on similar roles within other church sectors such as AOG, Baptist Union, and Methodist church. The charity has a good relationship with its funders and will provide reporting updates for its projects as required. This is usually done quarterly or biannually. We ensure there is transparency of funds received and spent and we will provide the relevant information and receipts as needed. We have a strong working relationship with our local authority and with other churches in our community, enabling us to work together and support our beneficiaries to the best of our ability. Page 5 Jubilee Church (ACM) Statement of Trustees, Responsibilities The ¢ntstees are responsible for preparing the tnistees. report and the fiDaD¢ial sthtem￿ts in accordance with the Unitrd Kingdom A¢¢ountiDg Standard5 (UDiÈed Kingthlm Generally Accepted Accollntin8 Prnctice) and applhcable Law and regulations. The law applieable to charities requires the trustees to prepare financid statell*nts foT each financial year whi¢h gjve a true and fair view of the state of affairs of the cbarity and of the incorning resour¢e5 and application of resources of thc ¢hariry for that wod. ID preparit)g these stsiements, the tswtees ar¢ iequired tts." select suitable a¢cowiting policies and then apply them consistendy" obseThe the methods and pri])¢ipl¢s in the ClJan"ries SORTr: make Judge￿¢llts #nd estillOtL% that are twonable and prud state whether applicable a¢coulluD8 Standards have Ixell followe& subject to any material departut¢S di￿lOSed alld explained in the finan¢ial stateDxllts; prepare the financial statements on the going CODcem b&sis unless it is itiappropnate to pTrsume that the ¢hariry will Continue in business. The trUSte&¥ are Te5ponsible Cor keeping propu 8c¢ounting records that disclose with reasonable accuracy at any liyne the fmancial p)sition of the charity and enable tILem to ¢T￿￿e the fManC￿ statements comply with the Charities Act 2011, the Cbarits¢s (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trnstee5 are also re5P)n5ible for safeguarding the assets of the djarity and bence for takn.ng r&isonable steps for the prcvention and detection of fraud and Oth￿ itTegularities. The trustees are responsible for the mainTrnance and integrity of the corwTrrate and financial infonnation included on the charitable companYs website. Le8tslation governing the preparntion and disseTninathOD of financial statements n)ay thffer from le￿slatiOn in oth¢riurisli¢tions. Approved by the trustees of the charity on... .. and 5igD&I on its behalf by.. Haunah w￿ttaker TrJst¢e 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 2025. ## **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 of the Chartered Institute of Public Finance and Accountancy (CIPFA), 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. ...................................... Eva Stevens, BSc, CPFA, employee of Community Accounting Plus member of the Chartered Institute of Public Finance and Accountancy (CIPFA) Units 1 & 2, North West 41, Talbot Street Nottingham NG1 5GL 23/04/2026 Date:............................. Page 7 ## **Jubilee Church (ACM)** ## **Statement of Financial Activities for the Year Ended 30 June 2025** |**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Investment income
4
Total Income
**Expenditure on:**
Charitable activities
6
Total Expenditure
Net (expenditure)/income
Gross transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
13|**Unrestricted**
**£**
72,442
34,280
709
107,431
(200,168)
(200,168)
(92,737)
(7,419)
(100,156)
1,118,999
1,018,843|**Restricted**
**£**
-
306,449
-
306,449
(277,604)
(277,604)
28,845
7,419
36,264
284,230
320,494|**Total**
**2025**
**£**
72,442
340,729
709
413,880
(477,772)
(477,772)
(63,892)
-
(63,892)
1,403,229
1,339,337|**Total**
**2024**
**£**
82,504
468,547
655| |---|---|---|---|---| |||||551,706| |||||(382,231)| |||||(382,231)| |||||169,475
-| |||||169,475
1,233,754| |||||1,403,229| 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 13. |**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Investment income
4
Total Income
**Expenditure on:**
Charitable activities
6
Total Expenditure
Net (expenditure)/income
Gross transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
13|**Unrestricted**
**£**
82,504
41,570
655
124,729
(142,395)
(142,395)
(17,666)
22,255
4,589
1,114,410
1,118,999|**Restricted**
**£**
-
426,977
-
426,977
(239,836)
(239,836)
187,141
(22,255)
164,886
119,344
284,230|**Total**
**2024**
**£**
82,504
468,547
655| |---|---|---|---| ||||551,706| ||||(382,231)| ||||(382,231)| ||||169,475
-| ||||169,475
1,233,754| ||||1,403,229| The notes on pages 11 to 23 form an integral part of these financial statements. Page 8 Jubilee Church (ACM) IRegistration number: 1181444) Balance Sheet as at 30 June 2025 21125 2024 Ffixed #ssets Tangible assels 1.058.009 1,076.036 CurreDt asgets Debtots C&sh at bank and in hand io 5,026 289.162 294.188 12,860 4,485 329,194 333.679 Creditors: Arnounts failing dlle with1￿ one ye•r Net Current assets 12 6,486) 281.328 1,339,337 327.193 1,403,229 et assets Funds of the ebsrlty: Restricted ineome funds Restricted funds Unrestri¢ted iDcome fullds 13 320.494 284,230 1.018,843 1.118.999 1403,229 Total fund5 The financial statements on pagts 8 to 23 were approved by the trLlStees. and authorised for issue o 2￿.￿l.1.1.& alld signed on their behalf by.. 13 1.339.331 TTUSte¢ The notes OD pages I I to 23 folm *) iniegrJ part of th¢se fit)ZD¢ial slatements. Page 9 ## **Jubilee Church (ACM)** ## **Cash Flow Statement for the Year Ended 30 June 2025** |**Note**
**Cash flows from operating activities**
Net cash (expenditure)/income
**Adjustments to cash flows from non-cash items**
Depreciation
Investment income
4
**Working capital adjustments**
(Increase)/decrease in debtors
10
Increase in creditors
12
Net cash flows from operating activities
**Cash flows from investing activities**
Interest receivable and similar income
4
Purchase of tangible fixed assets
9
Net cash flows from investing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 July
Cash and cash equivalents at 30 June
**Reconciliation of net cash flow to movement in net funds**
(Decrease)/increase in cash
Net funds at 1 July 2024
Net funds at 30 June 2025|**2025**
**£**
(63,892)
18,027
(709)
(46,574)
(541)
6,374
(40,741)
709
-
709
(40,032)
329,194
289,162
(40,032)
329,194
289,162|**2024**
**£**
169,475
18,028
(655)| |---|---|---| |||186,848
5,105
724| |||192,677| |||655
(54,629)| |||(53,974)| |||138,703
190,491| |||329,194| |||138,703
190,491| |||329,194| All of the cash flows are derived from continuing operations during the above two periods. The notes on pages 11 to 23 form an integral part of these financial statements. Page 10 ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025** ## **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. ## **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. ## _**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. Page 11 ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)** ## **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% General 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. ## **Trade creditors** Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. ## **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. Page 12 ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)** 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. ## **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|**Unrestricted**
**funds**
**General**
**£**
72,442
72,442|**Total**
**2025**
**£**
72,442
72,442|**Total**
**2024**
**£**
82,504| |---|---|---|---| ||||82,504| ## **3 Income from charitable activities** |Grants & donations
Lettings
Sundry receipts
Event income
Internship programme income|**Unrestricted**
**funds**
**General**
**£**
-
28,391
97
2,042
3,750
34,280|**Restricted**
**funds**
**£**
306,449
-
-
-
-
306,449|**Total**
**2025**
**£**
306,449
28,391
97
2,042
3,750
340,729|**Total**
**2024**
**£**
426,977
40,419
538
613
-| |---|---|---|---|---| |||||468,547| ## **4 Investment income** |Interest receivable and similar income;
Interest receivable on bank deposits|**Unrestricted**
**funds**
**General**
**£**
709|**Total**
**2025**
**£**
709|**Total**
**2024**
**£**
655| |---|---|---|---| Page 13 ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)** ## **5 Grants and donations** |**5**
**Grants and donations**|||| |---|---|---|---| |Rotary Club
Groudworks
The National Lottery Community Fund
CO-OP Local
Shine Lincolnshire
Neighbourly
LVET
South Kesteven District Council
NHS Lincolnshire
Lincolnshire Community Foundation
General donations|**Unrestricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
72,442
72,442|**Restricted**
**funds**
**£**
2,000
67,876
198,016
990
3,200
230
5,000
2,647
10,000
13,000
3,490
306,449|**Total funds**
**£**
2,000
67,876
198,016
990
3,200
230
5,000
2,647
10,000
13,000
75,932| ||||378,891| Page 14 ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)** ## **6 Expenditure on charitable activities** |General maintenance & servicing
Insurance
Wages, NI & pension
Software
Utilities
Legal & professional fees
Advertising
Church hospitality & refreshments
Discipleship
Gifts
Events
Bank charges
Safe guarding
Travel
Worship
Printing & stationery
Training
Depreciation
General expenditure
Subscriptions
Equipment
Conference tickets external|**Unrestricted**
**funds**
**General**
**£**
8,306
6,945
127,299
2,019
12,000
1,845
1,052
1,114
1,923
8,083
1,614
178
-
2,697
-
1,716
-
18,027
1,754
-
3,596
-
200,168|**Restricted**
**funds**
**£**
14,309
-
150,895
2,241
39
-
3,874
3,209
1,376
478
800
33
411
464
-
3,077
4,117
-
42,921
1,227
44,854
3,279
277,604|**Total**
**2025**
**£**
22,615
6,945
278,194
4,260
12,039
1,845
4,926
4,323
3,299
8,561
2,414
211
411
3,161
-
4,793
4,117
18,027
44,675
1,227
48,450
3,279
477,772|**Total**
**2024**
**£**
30,032
4,722
234,924
3,753
14,074
3,718
5,110
3,675
315
1,933
2,558
53
572
1,180
1,398
2,418
842
18,028
33,861
487
18,578
-| |---|---|---|---|---| |||||382,231| Page 15 ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)** ## **7 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|**2025**
**£**
995
995|**2024**
**£**
955| |||955| ## **8 Taxation** The charity is a registered charity and is therefore exempt from corporation taxation. ## **9 Tangible fixed assets** |**Cost**
At 1 July 2024
At 30 June 2025
**Depreciation**
At 1 July 2024
Charge for the year
At 30 June 2025
**Net book value**
At 30 June 2025
At 30 June 2024|**Land and**
**buildings**
**£**
1,039,435
1,039,435
-
-
-
1,039,435
1,039,435|**Furniture and**
**equipment**
**£**
37,603
37,603
24,890
6,261
31,151
6,452
12,713|**General**
**Equipment**
**£**
35,654
35,654
11,766
11,766
23,532
12,122
23,888|**Total**
**£**
1,112,692| |---|---|---|---|---| |||||1,112,692| |||||36,656
18,027| |||||54,683| |||||1,058,009| |||||1,076,036| Page 16 ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)** ## **10 Debtors** |**10 Debtors**||||||| |---|---|---|---|---|---|---| ||||||**2025**|**2024**| ||||||**£**|**£**| |Trade debtors|||||5,026|4,395| |Prepayments|||||-|90| ||||||5,026|4,485| |**11 Cash and cash equivalents**||||||| ||||||**2025**|**2024**| ||||||**£**|**£**| |Cash on hand|||||30|30| |Cash at bank|||||289,132|329,164| ||||||289,162|329,194| |**12 Creditors: amounts falling due within one**||**year**||||| ||||||**2025**|**2024**| ||||||**£**|**£**| |Trade creditors|||||10,198|877| |Other taxation and social security|||||-|4,463| |Other creditors|||||2,662|1,146| ||||||12,860|6,486| |**13 Funds**||||||| |||||||**Balance at**| ||**Balance at 1**|**Incoming**||**Resources**||**30 June**| ||**July 2024**|**resources**||**expended**|**Transfers**|**2025**| ||**£**|**£**||**£**|**£**|**£**| |**Unrestricted funds**||||||| |**_General_**||||||| |General|1,118,999|107,431||(200,168)|(7,419)|1,018,843| |**Restricted funds**||||||| |Building fund|12,231||-|-|-|12,231| |Ukraine Support & Hub|911||810|(186)|-|1,535| |Community Help Project|20,067||-|-|-|20,067| |Children's Worker Salary||||||| |Fund (Harrison)|18,019||-|-|-|18,019| |Engage|39,914|55,197||(39,624)|-|55,487| |Utilities|4,000||-|-|-|4,000| |Rank Fund|121||-|-|-|121| |Shine Cafe & Toddlers|44,106|3,200||(24,880)|-|22,426| |Refugee Support|60,543|27,810||(39,195)|-|49,158| |||Page|17|||| ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)** |LNER
Youth Workers Salaries
Winter Pressures NHS
A4A Stoke Fund
SKDC Levelling Up
LCC
LCF Cranswick
Young Creatives
Screwfix
LVET
NATGRID
Neighbourly
CO-OP
Kids
Prayer Room
Rotary
Solar
SRA2
Uganda
Vibes
Womens Ministry
Worship/PA
**Total restricted funds**
**Total funds**|**Balance at 1**
**July 2024**
**£**
2,351
2,000
8,977
2,671
56
65
4,740
51,782
3,306
2,400
5,970
-
-
-
-
-
-
-
-
-
-
-
284,230
1,403,229|**Incoming**
**resources**
**£**
-
2,400
10,000
-
2,647
-
13,000
74,682
-
5,000
-
230
990
-
-
-
67,876
40,327
30
-
-
2,250
306,449
413,880|**Resources**
**expended**
**£**
-
(4,442)
(7,459)
-
(5,294)
-
(5,924)
(65,053)
(1,994)
(566)
-
(229)
-
(1,243)
(1,038)
(1,869)
(67,876)
(9,399)
(350)
(215)
(101)
(667)
(277,604)
(477,772)|**Transfers**
**£**
-
42
-
-
2,591
-
-
-
-
-
-
-
-
1,243
1,038
1,869
-
-
320
215
101
-
7,419
-|**Balance at**
**30 June**
**2025**
**£**
2,351
-
11,518
2,671
-
65
11,816
61,411
1,312
6,834
5,970
1
990
-
-
-
-
30,928
-
-
-
1,583| |---|---|---|---|---|---| ||||||320,494| ||||||1,339,337| The transfer from the General fund to the Youth Workers Salaries, SKDC Levelling Up, Kids, Prayer Room, Rotary, Uganda, Vibes and Womens Ministry fund is to cover the deficits on these activities. Page 18 ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)** The specific purposes for which the funds are to be applied are as follows: Building Fund - The financing of building renovations and repairs. Ukrainian Support/Hub - Funds to support the work with our Ukrainian community including the young people. Community Help Fund - This was initially 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 as well as providing support with additional services to support individuals with their mental health and wellbeing. Children's Worker Salary fund & Rotary Youth wages – Funds raised / given towards paying a youth & children’s worker. Engage Fund - This projects aims to work alongside and assist the local migrant community to integrate into community. Utilities - We had been given funds specifically to help with the cost of utilities. Rank fund - A fund to help us improve the lighting costs within the centre allowing us to buy and install more cost effective lighting. Shine Fund - A café & toddler group for those struggling with isolation and mental health struggles to receive support, meet people and take part in activities such as baking, craft and music. Refugees Support – This project supports those displaced and seeking asylum by providing English lessons, as well as providing a space for café to run to support with their mental health and wellbeing. LNER- Supports the running costs of one of our community hub cafes. Youth Workers Salaries - Funds given specifically for youth worker wages. Winter Pressures & Warm Place funds (NHS. Shine, Our Community) - 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 and distribute warm packs to those in need. A4a Stoke Fund – Supporting for working with those living in hotel accommodation whilst seeking asylum. SKDC Levelling Up - Funds that support the running of our centre with costs of utilities by providing financial support for utility bills and with upgrades to current lighting and heating systems enabling us to become more environmentally friendly and reduce running costs. LCC - Lincolnshire County Council - grant towards our community cafe running costs, including wages. Page 19 ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)** LCF - Funds that support the running of our centre with costs of utilities by providing financial support for utility bills and with upgrades to current lighting and heating systems enabling us to become more environmentally friendly and reduce running costs. Young Creatives - The project is aimed at supporting young people, aged 11-18, with their mental health, wellbeing & confidence through the medium of music and media. Screwfix - Funds that support the running of our centre with costs of utilities by providing financial support for utility bills and with upgrades to current lighting and heating systems enabling us to become more environmentally friendly and reduce running costs. LVET - Fund to support young people by providing life skill sessions including baking and cooking. NatGrid - Funds given by National Grid towards heating upgrades. CO-OP - Donations from CO- OP community stores towards our work. Kids - Expense tracking of funds spent by the kids ministry. Neighbourly- Funds to support those struggling within our community with food parcels, clothes etc. Prayer Room - Funds given to improvements of prayer room and building. Rotary - Funds to support maintenance and buy new equipment. Solar - Grant given toward the cost of installing solar panels on our premises. SRA2 - Supporting Refugees and Asylum Seekers 2. (The second round of funding from the National Lottery for this project). Uganda - Donations from church members for Bibles being sent to Uganda. Vibes - A monthly music café providing support to young adults aged 18-25. Womens Ministry - Expense tracking for Women ministry within the church. Worship/PA - Expense tracking for Worship / PA costs within the church. Page 20 ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)** |**Unrestricted funds**
**_General_**
General
**Restricted**
Building fund
Ukraine Support & Hub
Community Help Project
Children's Worker Salary
Fund (Harrison)
Engage
Utilities
Rank Fund
Shine Cafe & Toddlers
Refugee Support
LNER
Youth Workers Salaries
Winter Pressures NHS
A4A Stoke Fund
SKDC Levelling Up
LCC
LCF Cranswick
Young Creatives
Screwfix
LVET
NATGRID
Catalyst (Youth)
Heater
Neighbourly
**Total restricted funds**
**Total funds**|**Balance at 1**
**July 2023**
**£**
1,114,410
12,231
2,358
11,510
18,019
35,964
4,000
121
17,862
381
2,351
2,000
4,375
6,992
180
-
-
-
-
-
-
1,000
-
-
119,344
1,233,754|**Incoming**
**resources**
**£**
124,729
-
5,000
32,206
-
60,005
-
-
49,929
79,938
-
-
13,026
-
1,250
998
8,000
142,465
6,138
2,400
5,970
652
18,500
500
426,977
551,706|**Resources**
**expended**
**£**
(142,395)
-
(6,447)
(21,945)
-
(56,055)
-
-
(23,685)
(19,776)
-
-
(7,805)
(4,321)
(794)
(933)
(3,260)
(72,983)
(1,020)
-
-
(1,812)
(18,500)
(500)
(239,836)
(382,231)|**Transfers**
**£**
22,255
-
-
(1,704)
-
-
-
-
-
-
-
-
(619)
-
(580)
-
-
(17,700)
(1,812)
-
-
160
-
-
(22,255)
-|**Balance at**
**30 June**
**2024**
**£**
1,118,999
12,231
911
20,067
18,019
39,914
4,000
121
44,106
60,543
2,351
2,000
8,977
2,671
56
65
4,740
51,782
3,306
2,400
5,970
-
-
-| |---|---|---|---|---|---| ||||||284,230| ||||||1,403,229| Page 21 ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)** ## **14 Analysis of net assets between funds** ## **Unrestricted** |Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**General**
**£**
1,058,009
(26,306)
(12,860)
1,018,843
**Unrestricted**
**General**
**£**
1,076,036
49,449
(6,486)
1,118,999|**Restricted**
**£**
-
320,494
-
320,494
**Restricted**
**£**
-
284,230
-
284,230|**2025**
**Total funds**
**£**
1,058,009
294,188
(12,860)| |---|---|---|---| ||||1,339,337| ||||**2024**
**Total funds**
**£**
1,076,036
333,679
(6,486)| ||||1,403,229| ## **15 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 Whittaker are trustees. Nicci Whittaker receives a salary for her role as finance worker and project worker. During the accounting period she received £53,788. At the balance sheet date the amount due to/from Nicci Whittaker was £Nil (2024 - £Nil). Page 22 ## **Jubilee Church (ACM)** ## **Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)** ## **16 Staff costs** The aggregate payroll costs were as follows: |**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2025**
**£**
254,611
18,422
5,161
278,194|**2024**
**£**
222,081
9,103
3,740| |---|---|---| |||234,924| The monthly average number of persons employed by the charity during the year was as follows: |Average numbers of persons employed|**2025**
**No**
19|**2024**
**No**
19| |---|---|---| 15 (2024 - 5) of the above employees participated in the Defined Contribution Pension Schemes. Contributions to the employee pension schemes for the year totalled £5,161 (2024 - £3,740). 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 £119,152 (2024 - £114,673). ## **17 Trustees remuneration and expenses** During the year the charity made the following transactions with trustees: ## **Russel Whittaker** Russel Whittaker received remuneration of £43,562 (2024: £45,471) during the year. Salary for Ministry work. ## **Hannah Whittaker** Hannah Whittaker received remuneration of £21,801 (2024: £23,235) during the year. Employed by the charity for her skill set as a teacher to lead several of our projects. Page 23