**Charity registration number 1188066** ## **JUBYLEE BAKES CIO** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2024** ## **JUBYLEE BAKES CIO** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|J A Barker| |---|---| ||H J Crooks| ||A P Bentley| ||E O Tomlinson| ||S J Elwin| ||B T Clemens| ||A Heath| |**Charity number**|1188066| |**Principal address**|Ground Floor| ||1 - 7 Station Road| ||Crawley| ||West Sussex| ||RH10 1HT| |**Independent examiner**|Darren Harding ACA FCCA DChA| ||Richard Place Dobson Services Limited| ||1-7 Station Road| ||Crawley| ||West Sussex| ||RH10 1HT| ## **JUBYLEE BAKES CIO** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 5| |Independent examiner's report|6| |Statement of financial activities|7 - 8| |Balance sheet|9| |Notes to the financial statements|10 - 19| ## **JUBYLEE BAKES CIO** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 AUGUST 2024**_ The trustees present their annual report and financial statements for the year ended 31 August 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's CIO (Foundation) constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". ## **Objectives and activities** The objectives of JubyLee Bakes, as set out in its constitution, are as follows: - to advance and further the education and training of learning disabled young people and adults; - to promote the social inclusion of young people and adults with a learning disability, particularly but not exclusively Downs Syndrome and Autism who are socially excluded, through the development of their skills, self confidence and participation in society, by providing training and work experience, enhancing employability and raising awareness within the community; - to relieve the disability of learning disabled young people and adults by building their self-confidence, furthering their independent and full participation in their communities. ## **Achievements and performance** The year to 31 August 2024 saw the charity consolidate its position post pandemic. A full programme of baking sessions was operated, and the Charity attended an increasing number of community events. Particular highlights were the receipt of a High Sheriff’s Award, and the receipt of “Great Taste Awards” for three of our bakes. JubyLee Bakes continues to maintain a visible presence in our community, with regular events such as Pulborough Village Market and annual events such as Cuckfield Bonfire Night, Pulborough Harvest Fair and Woodlands Meed School Christmas market. The number of catering engagements grew in 2023/24, allowing our beneficiaries to demonstrate their skill in producing savoury as well as sweet goods. These events give opportunities for our young people to develop and raise awareness of disability within our communities. We continue to be grateful to our regular customers both new and long standing, for their continued support. _Selling bakes at Pulborough Village Market_ As in previous years, some of our beneficiaries have moved on to new opportunities and have been replaced by new joiners: we continue to provide work experience and training to c19 young people, with the kitchen continuing to be used for five days per week. page 1 ## **JUBYLEE BAKES CIO** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ We continue to focus on the well-being of our beneficiaries, with our structured monthly calls, facilitated by trained volunteers, providing a safe environment for the discussion of their worries and needs. Our structured learning certification programme progressed in 2023/24, and we ran a successful first aid training day. _First Aid Training_ page 2 ## **JUBYLEE BAKES CIO** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ Collaborative working continues to be important in the development of the charity. We have maintained close relationships with local supported living providers and have attended transitions events at local SEND colleges in Burgess Hill, Crawley and Worthing. Our relationship with Ardingly College continues to develop and we welcomed three Ardingly students to our kitchen to bake alongside some of our beneficiaries. _Presenting to Woodlands Meed students_ ## Future Developments Following the receipt of grant funding in 2022/23, the Charity is working to refresh the website and develop consistent marketing materials and packaging. A medium term aspiration is to develop online sales. Key to the charity's development is the recruitment of more volunteers to run baking sessions, reducing reliance on key individuals. Potential recruits have been identified and are now beginning to manage sessions. ## **Public Benefit** The trustees have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning its future activities. They believe that the activities and achievements outlined in this report demonstrate the fulfilment of the public benefit requirement for the reporting period. page 3 ## **JUBYLEE BAKES CIO** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2024**_ _Some of our beneficiaries at our Summer Party at the kitchen_ ## **Financial review** As noted above, the financial statements for the year ended 31 August 2024 have been presented in the format prescribed by the Charities Act 2011. The charity reported a surplus on its unrestricted funds, with a deficit on its designated and restricted funds. The latter reflected the depreciation charge on the capital expenditure that was financed by these funds. Going forward, restricted and designated funds will continue to report annual deficits reflecting the depreciation charges on the underlying fixed assets purchased with those funds. As at 31 August 2024, total reserves were £64,769 of which £25,928 were restricted, £11,818 were designated and £27,023 were unrestricted. ## **Income** Income received from baked goods and catering activities was up 6% on the previous year, stabilising after last year’s post pandemic recovery, and reflecting a small increase in the number of catering engagements for community events. During the year the Charity received grant funding from two sources. £3,000 from the Hall and Woodhouse Community Chest for core administrative costs, and £2,078 from the CoOp Community Fund to finance the development of our marketing and publicity materials, and packaging. The Charity continues to be one of our local CoOp Community Fund’s partners and we anticipate receiving further funding later in 2024. ## **Expenses** Variable operating expenses increased as a proportion of income. Packaging costs increased (covered by grant funding) as we developed our branding, and energy costs increased largely following the removal of Government support mid year. Ingredient costs increased by 6% in line with associated income. Support and governance expenses remain under control, being largely covered by grant funding. ## **Reserves Policy** It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level equal to six months expenditure (excluding depreciation and capital expenditure). For the year ended 31 August 2024, unrestricted reserves were £27,023 compared to a requirement under the policy of £11,196. page 4 JUBYLEE BAKES CIO TRUSTEES, REPORT (CONTINUED) FOR THE YE4R EIVDED 31AUGUST2024 Risk Management The tTUYtees hav¢ r¢viewed the major rÉsks facing the charity and zr¢ satisfied that appropriate policiesp pror￿Ur¢S and Syst￿ ¢ in place to managc and miii8ate fhese risks. Stru¢ttETe? governaxee and managtmemt JubyLte Bakes is a Charitable Incorporated OrwSati0￿ registered charity number 1188066. The charity's govcrning docwnettt is based up)n th¢ ch￿lty Commission's model CIO (Foundation) constLThLtion, with a small nurnb¢T of ￿n¢ndM¢nts. Thc tDJstees who serv¢d during the ycar and up to the d&e of signature of the fU￿¢la1 stat¢tnet)ts w¢r¢: J A Bork¢T H J Crooks AP Bentley E O Tomlinson S J Elwin B T Clem¢ns AH¢ath New trustee5 arc 4)TN)inted by a re501uiioD of the existing tNstees, bring aprrtTrint¢d for a term of three years. Trustees can serv¢ a m&ximum of thr¢¢ ¢onsecutiv¢ tenns. The ¢knity's ￿nStitUtion specified a mit)imum of thrcc tllL8ttes, and a m&Yimum of s¢v¢n. of whi¢h a majority must not be rclated to ben¢fi¢iaTY¢S. In appointing rtew tn￿. the ¢xisting trustees give du¢ reggrd to the skills, knowledge and experi¢n¢¢ required to ensure the ¢ff¢¢tiv¢ mark3gement of th¢ ¢haTity givcn thc challenges f￿]ng th¢ charity at that tim Matt*gement: Policy Prncedure The truste¢s me¢t formally on a N'o monthly b&8is. with ad hoc tTre¢tings of ttwt¢es and volunietrs taktng place &% and wh¢n required Four of the tDJstees, tD2eth¢r with three volun¢¢¢TS arc responsible forthe day-to-day managetnent ofthe charity. Individual Itvstees hav¢ respo>nsibility for spe¢ifj¢ aspects of th¢ ¢harity's govern8nc¢ in¢luding finatkC4 health and safety. human re50ur¢es safeguarding. The tW5tees' re rtwas apwiv¢d by th¢ Bi>ard of Ttust¢es. H J Crooks Chalr Date.. page 5 JUBYLEE BAKES CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JtrBYLEE BAKES CIO I report to th¢ tru5tces on my ex2mination of thc fInancial stat￿eftts of Jubylee Bak¢s CIO (the dwityl for the year ended 31 August 2024. RÉsponsibiiitit$ Attd b¥sis of report As the trustees of the charity you are rcspotisiblc for the preporation of the financial statements a¢¢ord*nGe with the reqUtr¢M￿ts ofthe ChaTities Ad 2011 (the 2011 Ao). I Teport in respect of my eX￿nInatiOn of the chaTity's fllw?cial Stat£[n￿ts CWTied out und¢r s¢¢tion 145 ofthe 2011 ACL In carrying out my examination I have followed all the applicable DIr¢¢tiOr￿ given by the Charity Commission under section 145(5)Ib) of the 2011 Act. Imdependellt eAaiiiLDerf$ st2temeDt Your attention is draivtt to lh¢ fa¢t that thc charity has pr¢pATed financial stai¢trE¢nts in acwrdance with Accounting and Reporting by Ch8rities preparing their accounts in accordance with the fittat)¢ial Reporting St8nd8rd appliGable in the 2nd R¢public of Ireland (FRS 1021 in preference to lh¢ A¢wunting 8J)d Rq)orting by Charities.. Staiem¢At of Rcwrnmende41 Pr￿tICe issued on l April 2005 which is referred to in the exttht regulations but has now been withdrawn. l underst￿￿ that this b¢en donc in ordet for fittan¢ial staternents to provid¢ a true and fail view in accordance with GenerdllyAcceptedA¢¢ot￿ting Practicc cffe¢tiv¢ for ryrting periods b¢ginning on or after l Jatsuary 2015. I bayc Cl>Tllpleted my examinatioo. l ¢onfirnk that no matters hxve com¢ to my attetition in connection with the examination 8iving TQ¢ causeto believe that in any material respcct: ac£ounting records werc not kept in respert of the cbarity &8 requxr¢d by section 130 of the 2011 Act. or the f￿ancial statctncnts do tK)t accord with those re¢ord4' or th¢ fin￿¢12[ statements do not comply with the applicabl¢ requirements con¢¢rnKng the fortll and content of a¢¢ounts sei oui ￿n the Ckntties {A¢¢ounts and Rew)rt8} Re8￿￿tiOns 2008 other than 2ny reqvir¢meni that the accounts giv2 a tru¢ atld fair view which is not a matter Co￿ldered &8 part of an indepclld¢nt exami1k￿l0 I have no cottc¢rns and have come across no other matt¢TS in conncction with the Lyamination to which att¢tttson should bc drdwn in this report An ord¢r to enable a proptr understanding of the financial stst¢Tn¢t2ts to ber¢ached. Dkirrell Harding ACAFCCA DChA Richard Place Dobson ServKces Limited 1-7 Station Road Crawley West Syssex RHIO IHT Dated: 14 April 2025 ## **JUBYLEE BAKES CIO** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 AUGUST 2024**_ |**Current financial year**
**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2024**
**2024**
**2024**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and grants
**3**
2,114
5,500
5,078
Charitable activities
**4**
16,190
-
-
**Total income**
18,304
5,500
5,078
**Expenditure on:**
Charitable activities
**5**
14,682
7,725
14,308
**Net income/(expenditure) for the year/**
**Net movement in funds**
3,622
(2,225)
(9,230)
Fund balances at 1 September 2023
23,401
14,043
35,158
**Fund balances at 31 August 2024**
27,023
11,818
25,928|**Total**
**2024**
**£**
12,692
16,190
28,882
36,715
(7,833)
72,602
64,769|Total
2023
**£**
8,039
15,313
23,352
31,619
(8,267)
80,869
72,602| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. page 7 ## **JUBYLEE BAKES CIO** ## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 AUGUST 2024**_ |**Prior financial year**
**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2023**
**2023**
**2023**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and grants
**3**
2,539
-
5,500
Charitable activities
**4**
15,313
-
-
**Total income**
17,852
-
5,500
**Expenditure on:**
Charitable activities
**5**
17,329
4,030
10,260
**Net income/(expenditure) for the year/**
**Net movement in funds**
523
(4,030)
(4,760)
Fund balances at 1 September 2022
22,878
18,073
39,918
**Fund balances at 31 August 2023**
23,401
14,043
35,158|**Total**
**2023**
**£**
8,039
15,313
23,352
31,619
(8,267)
80,869
72,602| |---|---| The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. page 8 JUBYLEE BAKES CIO BALANCE SHEET ASA T31 AUGUST2024 2014 2023 Notes Fixtd asstts Tangiblc 255cts li 37.186 50,932 Curr¢nt assets Stocks Debtors Cash at boJth and in hand 12 A3 2.140 905 27.310 1,570 i.ooo 21,721 30,355 24,351 Creditors." amounts tslliThg due within one year 14 (2,7721 {2,681) Net ¢urrent assets 27.583 21,670 Total assets less curretst liabilities 64.769 72,602 Ineome fund5 Restricted fvnds tri¢ted fvnds Designaied fund5 Generdl unrestri¢t¢d funds 15 25,928 35.158 17 11,818 27,023 14,043 23,401 38.841 37,444 64.769 72.602 The financi81 statements wtte approved by the Trustets on.. . . . H J Crook Cthair p￿e9 ## **JUBYLEE BAKES CIO** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **1 Accounting policies** ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's CIO (Foundation) constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Grants are recognised at the fair value of the asset or income received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable or when the related expenditure has been spent. A grant received before the recognition criteria are satisfied is recognised as a liability. Charitable activities income is mainly received through bake sales and is included in the financial statements as it becomes receivable. page 10 ## **JUBYLEE BAKES CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **1 Accounting policies** **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity heading: Expenditure on charitable activities costs include resources expended on the provision of work experience and training. Support Costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include premises and office related costs, and governance costs which support the charity's activities. These costs have been allocated to expenditure on charitable activities. Governance costs include those incurred in the governance by the trustees of the charity's assets and are primarily associated with constitutional and statutory requirements of operating the charity. Governance costs are included within supports costs and allocated to charitable expenditure. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment 3 - 6 years straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Stocks** Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. ## **1.9 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. page 11 ## **JUBYLEE BAKES CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.10 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.11 Taxation** As a Charity JubyLee Bakes is exempt from corporation tax on any surpluses it makes. ## **1.12 Leases** Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. In the Trustees opinion there are no critical accounting estimates or judgments. page 12 ## **JUBYLEE BAKES CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **3 Income from donations and legacies** |**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2024**
**2024**
**2024**
**£**
**£**
**£**
Donations
and gifts
1,173
-
-
Grants
941
5,500
5,078
2,114
5,500
5,078|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2024**
**2023**
**2023**
**£**
**£**
**£**
1,173
1,841
-
11,519
698
5,500
12,692
2,539
5,500|**Total**
**2023**
**£**
1,841
6,198| |---|---|---| |||8,039| ## **4 Charitable activities** ||**Provision of**|**Provision of**| |---|---|---| ||**work**|**work**| ||**experience**|**experience**| ||**and training**|**and training**| ||**2024**|**2023**| ||**£**|**£**| |Provision of work experience and training|16,190|15,313| page 13 ## **JUBYLEE BAKES CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **5 Charitable activities** ||**Provision of**|**Provision of**| |---|---|---| ||**work**|**work**| ||**experience**|**experience**| ||**and training**|**and training**| ||**2024**|**2023**| ||**£**|**£**| |Depreciation and impairment|14,323|14,310| |Ingredients|6,940|6,560| |Other Consumables|980|1,131| |Training Costs|575|125| |Packaging and Labels|1,102|121| |Service Charges|529|507| |Electricity|4,022|3,147| |Staff Costs|224|125| |Distribution Costs|98|179| |Business rates|445|420| |Repairs and Maintenance|239|354| ||29,477|26,979| |Share of support costs (see note 6)|4,854|2,319| |Share of governance costs (see note 6)|2,384|2,321| ||36,715|31,619| |**Analysis by fund**||| |Unrestricted funds - general|14,682|17,329| |Unrestricted funds - designated|7,725|4,030| |Restricted funds|14,308|10,260| ||36,715|31,619| page 14 ## **JUBYLEE BAKES CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **6 Support costs allocated to activities** |Equipment
Bad Debt Expense
Marketing Costs
Insurance Costs
Other Admin Charges
Governance costs
**Analysed between:**
Charitable Activities
**Governance costs comprise:**
Bank Charges
Independent Examiner Fees
**7**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets|**2024**
**£**
794
-
3,182
843
35
2,384
7,238
7,238
**2024**
**£**
104
2,280
2,384
**2024**
**£**
14,323|**2023**
**£**
173
63
1,138
869
76
2,321| |---|---|---| |||4,640| |||4,640| |||**2023**
**£**
121
2,200| |||2,321| |||**2023**
**£**
14,310| ## **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year, or the year ending 31 August 2024. During the year, three children of three trustees received training and work experience from the charity. The Charity Commission was informed that some beneficiaries may be related to trustees during the application process and the charity's constitution contains a specific clause to ensure that a majority of trustees are always unrelated to beneficiaries. ## **9 Employees** The average monthly number of employees during the year was: ||**2024**|**2023**| |---|---|---| ||**Number**|**Number**| |Total|-|-| page 15 ## **JUBYLEE BAKES CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **10 Taxation** The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. |**11**
**Tangible fixed assets**
**Cost**
At 1 September 2023
Additions
At 31 August 2024
**Depreciation and impairment**
At 1 September 2023
Depreciation charged in the year
At 31 August 2024
**Carrying amount**
At 31 August 2024
At 31 August 2023
**12**
**Stocks**
Stock
**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments
**14**
**Creditors: amounts falling due within one year**
Accruals|**Plant and equipment**
**£**
90,160
576
90,736
39,227
14,323
53,550
37,186
50,932
**2024**
**2023**
**£**
**£**
2,140
1,570
**2024**
**2023**
**£**
**£**
349
532
556
528
905
1,060
**2024**
**2023**
**£**
**£**
2,772
2,681|**Plant and equipment**
**£**
90,160
576
90,736
39,227
14,323
53,550
37,186
50,932
**2024**
**2023**
**£**
**£**
2,140
1,570
**2024**
**2023**
**£**
**£**
349
532
556
528
905
1,060
**2024**
**2023**
**£**
**£**
2,772
2,681| |---|---|---| |||90,736| |||39,227
14,323| |||53,550| |||37,186| |||50,932| |||**2023**
**£**
1,570| |||**2023**
**£**
532
528| |||1,060| |||**2023**
**£**
2,681| page 16 ## **JUBYLEE BAKES CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **15 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. ||**At 1 September**|**Incoming**|**Resources**|**At 31 August**| |---|---|---|---|---| ||**2023**|**resources**|**expended**|**2024**| ||**£**|**£**|**£**|**£**| |National Lottery - Peoples' Projects|29,172|-|(8,142)|21,030| |Assura plc|1,792|-|(500)|1,292| |Human Resource Professionals Charitable Trust|875|-|(648)|227| |Ernest Kleinwort Charitable Trust|819|-|(772)|47| |Gatwick Airport Community Fund|2,500|-|(1,423)|1,077| |Hall and Woodhouse|-|3,000|(2,100)|900| |CoOp Community Funding|-|2,078|(723)|1,355| ||35,158|5,078|(14,308)|25,928| |**Previous year:**|**At 1 September**|**Incoming**|**Resources**|**At 31 August**| ||**2022**|**resources**|**expended**|**2023**| ||**£**|**£**|**£**|**£**| |National Lottery - Peoples' Projects|37,314|-|(8,142)|29,172| |Assura plc|2,292|-|(500)|1,792| |Sussex Community Foundation|312|-|(312)|-| |Human Resource Professionals Charitable Trust|-|1,000|(125)|875| |Ernest Kleinwort Charitable Trust|-|2,000|(1,181)|819| |Gatwick Airport Community Fund|-|2,500|-|2,500| ||39,918|5,500|10,260|35,158| The restricted funds listed above are for the following purposes: - National Lottery Peoples’ Projects and Assura plc – Costs of refurbishing leasehold premises and equipping as a training kitchen; - Sussex Community Foundation – premises costs, insurance and administrative overheads; - Human Resource Professionals Charitable Trust - Training costs; - Ernest Kleinwort Charitable Trust - Administrative overheads; - Gatwick Airport Community Fund - Website, marketing and packaging development; - Hall and Woodhouse - Administrative overheads; - CoOp Community Funding - Marketing, publicity and packaging costs. page 17 ## **JUBYLEE BAKES CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **16 Unrestricted funds - designated** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 September**|**Incoming**|**Resources**|**At 31 August**| |---|---|---|---|---| ||**2023**|**resources**|**expended**|**2024**| ||**£**|**£**|**£**|**£**| |Designated fund|14,043|5,500|(7,725)|11,818| |**Previous year:**|**At 1 September**|**Incoming**|**Resources**|**At 31 August**| ||**2022**|**resources**|**expended**|**2023**| ||**£**|**£**|**£**|**£**| |Designated fund|18,073|-|(4,030)|14,043| Designated funds represent donations received that the Trustees have decided will be put towards the purchase of equipment and other capital items for the new kitchen. ## **17 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 September**|**Incoming**|**Resources**|**At 31 August**| |---|---|---|---|---| ||**2023**|**resources**|**expended**|**2024**| ||**£**|**£**|**£**|**£**| |General funds|23,401|18,304|(14,682)|27,023| |**Previous year:**|**At 1 September**|**Incoming**|**Resources**|**At 31 August**| ||**2022**|**resources**|**expended**|**2023**| ||**£**|**£**|**£**|**£**| |General funds|22,878|17,852|(17,329)|23,401| The designated fund represents donations received from various sources, which the trustees have decided will be put towards buying equipment and capital items for the new kitchen. page 18 ## **JUBYLEE BAKES CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ |**18**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
Fund balances at 31 August 2024 are represented by:
Tangible assets
4,812
10,052
22,322
Current assets/(liabilities)
22,211
1,766
3,606
27,023
11,818
25,928
Unrestricted
funds
Designated
funds
Restricted
funds
2023
2023
2023
£
£
£
Fund balances at 31 August 2023 are represented by:
Tangible assets
5,925
14,043
30,964
Current assets/(liabilities)
17,476
-
4,194
23,401
14,043
35,158|**Total**
**2024**
**£**
37,186
27,583| |---|---| ||64,769| ||Total
2023
£
50,932
21,670| ||72,602| ## **19 Related party transactions** There were no disclosable related party transactions during the year (2023 - none). page 19