Charity reKistratioD number 1188066 (England #Jbd WAl¢sl JUBYLEE BAKES CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR EfiDED 31 AUGUST 2025
JUBYLEE BAKES CIO LEGAL AND ADMINISTRATIVE INFORMATION Tru5te¢s J A Barker H J Crooks A P Bentle). E O Tomlinson Sl Elwin B T Clemens A Heath Chllrity rngistr¥tio Engl8nd and Wales 1188066 PriDcipal Address Ground Floor 1 7 Station RDad Crawley West Su55ex RHIO IHT Independent ex#mitter Darren Harding ACA FCCA DChA ]knchard Place Dobson seTl¢¢s Litnited Ground Floor 1-7 Station Ro8d Craw'ley esi Su55ex RHIO IHT
JUBYLEE BAKES CIO CONTENTS Page Trustees, report Independent Examinevs report Stateent of fJJ]anciaJ activities Balance Sheet Notes to the fitjancial statetnents 10- 19
JUBYLEE BAKES CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST2025 The trustees present their annu8] Tewrt and fiDancial statemenis for th¢ year cj¢d 31 August 2025. The financial statrrnenis have been prepared in accordanGe Nvith the accounting wlicies set out in note l io the linancial 8tat¢mentg and comply i%'iih the charity's CIO (Foundation) con8titulion. the ChaTitits Act 2011. FRS 102 The Financial R¢rtIng Standard applicable in the UK Republic of Ireland and the Charities SORP "Ac£ounting and Reporting by Charitie$'. Stateinenl gf RLcornm¢nded Practice applicable 10 thariiies PTeparing theiT JCCOLints in accordance with ihe Financial Reporting Standard appli¢able in the UK and Republic ot IrelaDd IFRS 1021 Objeetive5 A¢tivities The objectives of JLJbyLee Bakes, set out in its constitution. are as follow5.' to advance and fvrther ihe edu¢otion and training of learning disabled young people and adults.. to proTllOte the social inclusion of young people and adults Mith a leaming disability. particularly but nDt exclusively DOn$ Sy]thme and Athigm who aTe socially excluded. through lh¢ devclopment of their Skills. sclf confidence and participaiion ID gociety. by PToviding training and 14.ork experience. enhat]cing etnployability and raising am'ateness M'ithin the coinmunity; to Telieve the disability of leoming disabled young wple and adult5 by building their SelfOnfidenC¢, funhering their independent and full participation in their communities. Achievements And p¢rformaDce Th¢ year 10 31 August 202) Saw the charity develop it5 a¢tivilies. A new iijnovation the inlmduclion ot POP-UP tearoo session5 held oti w¢¢ketK15 ID Thakeham ChuFch Hall. These were wpll attended 8nd Eave our tetIc1rieS thc oppDrtuniti' 10 work in a cafe seiiing. A full programTne of baking 5¢ssions operated thToughout the year. and ihe Chariri attended an increasing numbeT of COTllTnunity event5 Such PulboTough Village MatkeL Cuckfield Bonfire NiEht. BuT8ess Hill Sumirter Fair and Cliplest. We have developed our Telationship with the AriJl Cotnpan), Theatre. regiilaTI)' selling bakes at their shows at HuTsipierpoiDt College. The charity continues to provide catering scrvices. notubly 10 Arund¢l Museum. Horsham Di5tr1Ct Council and West Sussex Library Services. These allow OUT beneticiari¢s 10 demon5tratt their Skill in producing savourv well as Sweet good5. These events are enjoyed by our )'oung p¢ople. raising &wareness of disabilitv withirt our cornmutlltses. We continue to be grateful to our regular custDmers both De and long standing. for their continued 8UPWrt. OurfirsiFUP-up lea 1*1 Thukeknm CliurclT Jlull pa8e I
JUBYLEE BAKES CIO TRUSTEES, REPORT (coiYrtNifED) FOR THE ENDED 31 AUGUST2025 As in previous veats. some ofour beneficiarie5 have moved on to new. opwrtuijities artd have been replaced by new joiners.. we continue to provide work expeTience and training to c19 young peopl¢. with the Litch¢n contitiuing to be used for fiv¢ days per 'eek. We continue to focus on the M"ell-being of our beneficiaries. '1th our Structured monthly video cdls. facilitated by ined volunteeT5. providing a safe environment for the di8cu$5ion of their worrie$ and ne¢ds. Btsknng a seritsifs maifer. A5 in previous ye3r5. collaborative working continue5 to be IPortant in the development of the charity. We have Taintned c105e relaii0rt9hip5 Wlth local 5UPPOrted living providers and have attended transitions el'ents at local SEND colleges in BuJEe55 Hill. Crai¥l¢y. Horsham and Worthing. Otsr relationshtp with ATdingly College continues and once agairt we welcomed three Ardinglv students to our kitchen tts bake xlongside some of our beneficiaries, b¢fore 8erwing the whole college with bakes a5 part of their'world Readv wee .ATL1& OAX*¥ DeliveringBakes lo Meddow Srores in Thakeham page 2
JUBYLEE BAKES CIO TRUSTEES, REPORT (CONfiNUED) FOR THE YEAR ENDED 51 A UGUST2025 Future Developments From tarly 2025 the Iru5te¢s hJve been reviewing optlOn5 for the Tnedium ienn d¢elonent of Iht charity as the original foundcTS age out. Key 10 thi5 is likely lo be collabDratii'¢ working with other local organisalion5 operaling CDTnplementary field5. that have a SiTnilar ethos. This ties into the expiration of the lease on OUT Thakehan] kiichen in MaTch 2027. howtver OUT ladIordS have signalled their willirw¢ss io extend our l&qse 5knuld we wish to. Last vear th¢ trustees noted that key to the charity's deTrelopment was th¢ Tecruitment of more volunteers to run baknng $¢5510ns. This has been sucr¢ssful. and baking session5 are now manag¢d bv a larger pool of volunteeTS. Public BeLtrrt The trustees have refcrred to the guidance in the Charity Commission 5 general guidance on publi¢ benelil w'hep revieiving the chariiy 5 ain)s and objectiTres and in planning ils future activities. They beliewe that the aciivities and achieveinents ouilined in this reFK>rt deiDonstrate the fulfiltneni otthe public benetit requirement tor the reponing period. CaieringforArundel hlusgum in EhegroMnd¥ OfArWeI Citsile pllge 3
JUBYLEE BAKES CIO TRUSTEES, REPORT (CONTINUED) FOR THE YE4R ENDED 31 AUGUST2025 Finalltial review As noicd sbove. Ihe financial ststement5 for the year ended 31 August 2025 have b¢¢n presented in the fornjat prescribed by the Charihe5 Act 2011. The charity reported a deficit on each of its unrestricted. designatd and restrided funds. The latter two deficits reflected the depreciation charge on the capital expenditure that wa5 fjnartted by these fvnds. Going fon¥ard, restricted and designated rd$ ill continue ro rert annu deficits until the underlying fixed a55ets PUT¢ha5ed with these funds bvcome fully depreciated. A5 at 3] August 2025. total trserve5 were £48.210 of which £15.431 werE restricte(L £6.180 weTe designated and £26.599 were unrestricted. In¢oTne receii'ed from baked gopdg and catering activities was up 4/0 on the previous year. ¢o]nprising ttgular supplies to local ¢afe5, local mark¢t5. fetes and events, and seveTal catering eng3gements foT Wtnniurrity events. DuTing the year the Clwit! received fvrthergrant fijnding from the c(0p Com]nlty Pund1£977) to rtnancethe developTnent of our marketing and publicity tnaterials. and packaging costs, together with one-off wts from Joim Lewi8 plc and The SussexAmbulJn¢e Trust. Person donatlOn8 of £1,569 were received. Expell Variable operdting expenses as a prowrtion of income remained ConStt with strong control being maints]]d over the two tnajor comrx)nents ie ingredients and electricity. Ingredient costs irt¢rea5ed ty 3/ts in line with associated income. As noied earlier. depreciation remains a significant CO$L and will continue to be so in 2025126. reducing thereafter a5 the ichen a55ets become fully depreciated. Suprort and governance expenses remain under control. partly being covered by wt fundtngreceived in 2023124. Reservts Polity It 18 the policy of the charity to maintain unrestricted funds which art the free reserves of the charity.. at a Ievel equaI to six rntsntlL% expenditUTe (excluding depre¢iation and capital expenditure). Fortheyear ended 31 August 2025. urJrestri¢ted reserves were £26.599 compared to a requiretnent under the policy of £l1.368. Risk ManAgemÈnt The truste have reviewd the major risks fJcÈng the charity and are satisfied that appropriate policies. procedures and Systems are in place to manage and tniiigate these risks. Strucknrei goverDance a#d management JubyLee Bakes is a Chariiable InttsTporared Organisation. registered chlty number 1188066. The charity's governin8 docutnent is based upon the Chatity. CoTtUThission'$ model CIO (Foundation) constitution. with a Sm] number of )Tnendmeni$. The trustees who served duringthe year aTyJ up to the date of signature of the financi statements were: J A Barker H J Crooks A P Bentley E O Tornlinson S J Elwin B T Cltmens A Heath page 4
JUBYLEE BAKES CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR EJVDED 31 AUGUST2025 Appolntment of Trusttts New trustees are appointed by a resolution of the txisting trusiees. being appointed foT a tern) of thTre year5. Trustees can serve a tnaxiTnum of three con5¢CUtive iern15. Tht chariri S Wll5titution specified a MirUmu of IhFe¢ Iru5tees. and a rn&Kiinum of seven. of M'hich a majority must not be related to beneficiaries. In apwinting new trustees, th¢ existing tru5tee5 give due r¢gaTd to the skills. knowltdge ad experitnce Teqtsired to ¢n5ure the effective manag¢tn¢ni of th¢ charity given the chall¢Dges facing the charity at that lime. Managemtntr. Policy and Prottdure The tru8tees Meet fotma]ly on a ts%'o monilil>' basi5, with ad hoc meetings of tru5t¢es and i'olunleers iakiiig pl3Le as wid i¥hen requiTed. Four of the trustees. iogetheT Wlth three i'olunt¢cr$ are reS51ble tor the day-to-day mJnagEmcni of th¢ Charity.. Individu31 Irusiees have re5tK]nsibility for 5C7r1¢ asp¢ct5 of the charity's governance including finance. healdi and saferJ'. human Te50urLes and safeguardin The truslee5' report Na8 appTov¢d by the Board of Trustees. H J CTDoks ChAir Date.. pgge 5
JUBYLEE BAKES CIO INDEPENDENT EXAllNER's REPORT TO THE TRUSTEES OF JUBYLEE BAKES CIO I report lo th¢ trustees on my examinati(pn of the fJnan¢ial staiemetjts of Jubylee Bakes CIO (the charitvl for the year ended 3 1 August 202). RtSPOJJ5ibilitits #Dd basis of ttport As th¢ trustees of the charity you are responsible for the preparation of the fInancial statements in accordan¢¢ with the requirements of the CharitiesA¢t 2011. I retort in r¢spect of my eNamination of the charity s financiaj statements carried out under section 145 of the Charities Act 2011. In ¢arying out my &iatnination I have followed the Directions given by the Charity CommL55ion lller section 14515)Ibl of the Charities Aci 2011. Independènt examiner's statement Your aneniitsn is drawn 10 the fact that charity has prepared the financial statements in aC¢ordl¢t with the relevant version of the St21e]n¢nt of Rec4)mm¢nded Practice applicable to chaTitie5 preparing their financial staten)¢nts in a¢¢ordanct IvTrth the Financia] Reponing Siandard applicable in the UK and Republic of treland IFRS 1021 in preference to the AccoLmting and Reporting by Chartiies.. Statement of Rewtnmended Pra¢tice issued on l April 200) which is referred to in the extant regulations bth has now been withdrawn. l understand that this has been done in order foT the fuJ2nciai statements to provide a true and fair view io accordance with UK Generallv Accepted Accounting Prnctice. I have eomplded rny examination. I confirni that no matters have ¢orne to my attention in connection with the examination giving me tause to believe that in any matertal respect.. accounting records were not kept in rtspeci of the charity ag required by section 130 of the awitiesAct 2011. the financial statements do not accord w'ith those records,. or the financial stst¢rnents do not compls. With thc applirnble requiTem¢nts conecming the form and content of fi]wcial statements set out in the Charities (Accounts and Reports) Regulation5 2008 otheT thJn any requir¢ment that the financial ststements ve a true and fair view. which is not a Tnatter considered as part of an Ind4dent WTnination. I have no concerns and have come acrD88 I other matter$ in connection with the examIon to which attention 5houId be drawn in this report iti order to enable a proper understanding of the financial statements to be reached. Darttn HardiDg ACA FCCA DChA Richard Place Dobson S¢TVTces Limited Ground floor 1-7 Station Road Crawley West Sussex RHIO IHT Date.. Ll 103 IL pag¢ 6
JUBYLEE BAKES CIO STATEMETr4T OF FIIYAf4CIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE IEAR ENDED 31 AUGUST 2025 Current finhcil ytar UnrÈ$trittsd Unrestritttd fund5 fund5 generAI de5ignatrd 2025 Restricted fund5 Total Totsl 2025 2025 2024 Notes Intome from: Donaiions and grJnis Charitable octii'ilit8 2.742 16.807 9T1 3.719 16,807 12.692 16.190 TotAI intorne 19.549 977 20.)26 28,882 Expethditutt on: Ciwiiable acti111¢5 19.973 5,638 11.474 37,085 36,715 Totsl exp¢ttdtre 19,973 i,638 11.474 37.085 36,715 Ntt expeDditsre and movement in runds 14241 15,6381 110,4971 116,5591 17,8331 REtontiliAtion of fuDd$: Fund balances Ji ) &piember 2024 27.023 25.928 64.769 72.602 Fpnd bal#MctS At 31 August 2025 26.599 6.180 15.431 48.210 64.769 Th¢ 51atemeni of tinancial a¢tivities includes all gains and losse5 T¢tOlSed in the yeaT. All incoffte and ekPetJditUTe derii'e fron] Gontinuing activitie5. pjge 7
JUBYLEE BAKES CIO STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2025 Prior finantial yeAr Umrestrictsd Uttre5tricttd fuDds funds general dtsigDated liestritted fund5 Totsl 2024 2024 2024 2024 Notes In¢ome from: Donations and grants cltable actii'itie8 2.114 16.190 5,500 5.078 12,692 16.190 Totsl incomt 18.304 5.500 5.078 28,882 Expenditure on: chilable a¢tii'ities 14,682 7.725 14,308 36.715 Totsl expenditure 14,682 7,725 14,308 36,715 Net ibcomellexpenditsr¢l #Jhd movement in funds 12.225) (9,230} 17.833) R¢¢oJbciliatiott of fvnd5: Fund balances at I Septe]llber 2023 23.401 14.043 35.158 72.602 Fund ba]antes at 31 AgUSt 2024 97.023 11.818 2 j,9?8 64.769 page 8
JUBYLEE BAKES CIO BALANCE SHEET ASAT31AUGUST2025 2025 2024 Notss Fixed assets Tangible $t1$ 22.836 37.186 Ctsrrent assets 12 13 2.565 2.093 23.740 2,140 905 27.310 Debtors Ch ai bank and in hand 28.398 30.355 Cttditor5'. amouttts fg11ing due withill one y¢*r 14 13.024) 12.772) I¥ turreryt xssets 25.374 27.583 Total #sstts Itss curr¢nt IiAbilitie5 48.210 fv1.769 The funds of the chArity Restricted income funds UnrE5tricted fiinds- gen¢T3J UnTe8iricled fiind5- designated 15 17 16 15.431 26.)99 6.180 25.928 27.023 48.210 64,769 The financial statements were approved by the trustees on H J Crook5 Chair page 9
JUBYLEE BAKES CIO NOTES TO THE FINANCIAL STATEMENrs FOR THE IE4R ENDED 31AUGUST2025 Atcounting policies 1.1 B$15 of pttparatio The financial ststements have been prepared in a¢cordance with the chaTity's CIO (Foundationl con8titution the Charities A¢t 2011, FRS 102 "The Financial R¢ponin£ Standard applicable tn the UK and Republic of Ireland" arld the Charities SORP "Accounting and Retorting by Charities.. Ststement of Recommended Practice applirable to tharities preparing their accounts in accordance with the Financi Reporting Standard applicable in the UK ad Republic of IT¢land IFRS 102}" The charity 15 a Public Benefit Entity as defed by FRS 102. The Gharity has taken advantage of the provisions in the SORP for charities not to prepare astatement of cash flows. The financial statements have departed from the Charities IAceoLmts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This depanure h05 involk'ed following the Statemetrt of Recommended Prartice for charitie8 applying FRS 102 rather than the vcrsion of the Statement of Re¢tst[Lmded Practice which is referred to in the Re8ulation5 but ivhi¢h has since been withdraiTrm. The 9ClaI statements are pr¢pared in sterlin& which i$ the fi]nctionaI CUTrency of the charity. Monetary Amounts in these financial stateTnents are rounded to the nearest £. The financial statements have been prepared under the historic cost conventioL The principal ac¢ounting policies adopted are set below. 1.2 GDIJK concern Ai the tiTne of approving the financial 5tatcment& the trustees hav¢ a r&9sonable ekpectation that the charity has adequate resour¢es to continue in operaiional &xistence for the foreseeable futLtre. Thus the trustees continue to adopt the going toncern basis of accounting in PTeparin8 the finamcial ststetnents. IJ Ch#ritable futtd$ Unrestricted funds are available foT use at the discretion ofthe trustees in fijrtherance oftheir charitable objectives. D¢$igJ]ated funds ¢otnprise fijnds which have been set aside at the disuetion of the trustces for spe¢ific purFK>ses. The purposes and uses ofthe designated funds ar¢ Set out in the wte5 to the financiaI statements. Restricted fund5 are subject to specific conditiony by donors or grdntors as to how th¢y Tnay be used. The purposes and Uses of the F¢Slrict¢d funds are 5¢t out in the notes to the finaDGial statement& 1.4 Income Incotlle i8 reco8ni$¢d iyhen the ¢harity is legailv entitled to it after any perfOrnice conditions hav¢ been me( the amounts can be rnea5ured reliably. and it is probable thai income w'ill be receive(L Cash dtsnations are recognised on rettipt. Other donations are rewgnised ontt the charity has been notified of the d0JtiO unless peifo]ynance conditions require deferral of the amount. Income tL¥ recoverabl¢ in relauon to donlonS received under Gifi Aid or deeds of c(>venani is reco115¢d at the time of the donatiOEL Grants are recognised at the f¥ir ¥a]ue of the asset or income received or receivable when there is re&wnable a5sufdn¢¢ that the grani conditions will be m¢t and the wt5 WLII k received. A grant that spetifie5 perf0ml¢¢ conditions is recognised in incotne ivhen the perforn)8nce conditions aT¢ meL Where a wi does not Specify perfornJJnce condillons It js recolSed ill income when the proceed5 are received or receivabl¢ OT when the related expendiiure has been spent. Agrant received before the recoltiOn criteria are satisfied is re))lse0 s a liability. Charitable activities income is mainly received through bake sJIes and is included iti the financial stateinents as it become8 receivable. page 10
JUBYLEE BAKES CIO NOTES TO THE FINANCIAL STATEMEiYfs (CONTINUED) FOR THE YEAR ENDED 31 A UGUST2025 Ae¢tkuhting policie5 (Contined) 1.5 ExpeEditurt ENpertdiiure is recogDised once th¢T2 is a legal or cottstructii'e obligation to maLe a payinent to a third party. li Is probable that settlement ,111 be requiTed and the aujouni of the obligation can be measured reliabl).. Expeiiditure is classified under the following activity h¢ading'. Expmditure on charitable activities Costs include resources expended Dn the pTols1On of work experience and training. Support Co8ls are those tiinct)OD5 that asSlSt the %4'ork ol-the charity but do noi directly underiake chariiablt acliTrilies. Support costs include ptremises and oftice related cosis. and goi'emance costs which supwrt the chariry'5 3Ctivilies. These C05t5 have be£n alloGated to expenditure on charitable aciivitie5. Cyovemance costs include those sncurred in the gOvern)ce bj. the trustees of the charity's Jsstts and are primaril associated with constitulional and 5tutuiors' reqLiirements of operating the charity. Governance ¢o$ts are inGluded within support5 GO$lS and allocaled io charitable ekpendiiure. 1.6 Tangsbl¢ fixed assets Tangible fixed a55¢t5 are initially measured at W5t and subsequently mea5UTed ai cost. net of deprec5ation and anv impairtnent losses. Depreciatlon 19 Te¢ols¢d 50 to write off the eost or i'aluatiort of assets le55 their residual values Dv¢r their useful lives on the following bases.. Plant and equipment 3- 6 y¢w7 sttaight line The gain or Soss arising on the disposal of an &%set 15 determined a5 the difference bdween the sale proceed5 and the carrying value of ihe a5S¢t, and is recogni5ed in Iht statement of financial acliviiies. 1.7 ImpiiTment Of fixed asset5 At ¢ach retx)rting end date, the charity r¢i'icw8 ihc c3rryinE amounts of its tangible as5et% to detennine whclher there is an>. indication that th05¢ ast8 have 5uff¢red an impairrn¢nl loss. It an). such indication ¢xist8, the recoverable amouDt Df tht a55el 15 ¢51imaied sn ord¢r to deiumin¢ thr extent of the impairment loss (if any). 1.8 Stotk5 Siocks are stated at the loii¢r of cost and estimated Selling price le5S Costs ti> complete and sell 1.9 Cash And c8sh equivglellts Cash and £h equivalents include cash ID hand. deposits held at Call i¥ith banks. oth¢T %hort-lerm liquid invc8tinents il'iih original atUritieS of th¢ tnonths or le55, and bank overdrafts. Bank ov¢rdralls are shown "111)In borrowtngs in curTenl 1.10 Fi#kncial Inst]Ments ie charity. has elected to apply the proi'issons of Section 11 '885ic Finamcial Instrumenis and Section 12 '0ther Finartcial Instrutnents Issues of FRS 102 to all of its financial instrumtni5. Finaiicial in51rumenis aTe TecoBnised in the charity'5 balance sheet wheD the ch2rty become8 party to the contractual pviSionS of the instrun)ent. FinJncial asseis and liabilities are offset. with the net amounts PTe8enied in the finanLial statenients. M"h¢n there is a egally enforceable right to set off the r¢cognised an]ounts and there 15 an intention to settle oli a net basis or to rEalise tlie asset and settle the liability simulièneously. page 11
JUBYLEE BAKES CKO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 A UGUST2025 Aeeounting polities Icontinntdl Basie financial assets. whi¢h include debtOTS and ta5h and bk baIances. are initia]Iv measured at transaction price incliiding transaction costs and a subsequently carried at aJnortl8ed cost using the effectIt interest method lesS the arrangement ¢onstiliJtes a finan¢ing transaction. where the transaction 18 measured at the PTesent value of the future re¢eipts discounted at a market rnte of interest. Financia] 8$5ets cla$5ified as Teceivabl¢ within one year are not 4monised. BoticfiAancirtlliabilih'O Basic fInancial liabilities. including Greditors are initially Tecognised at transaction price unless the arrangement constTtute5 a tinancing transaction. where the debt instrument is me&8ured at the PTesent value of the fvture payrnents discounted at a market rate ot inter¢st. Financi liabilities classified &8 payable within one year aJe not amonised. TTade credittsTS are obligations to pay for goods or services that have been acquired in the ordinary course of operation5 from suppliers. Amounts payable e cla55ified ag CUTrenr liabiliti if pa>Tnent is due iFithin one year OT le88. If noL they presented non-current liabilities. TTade creditors are Tecognised initially at transa¢tion price and subsequently measured at amortised co8t usinu the effettii'e tntere5t method. DereeogNifton offinthntiolliabilifté Finaocial liabiliti¢5 art derewgnised i¥hen the cJ)arity's Contractual obligations expire or are discharged or cancelled. 1.11 TaxAtiDII As a Charity JubyLee B¢8 is exempt from ¢04x>rdtion t&x on any surplllses it make* 1.12 Ik#5e5 Rentals payable U1¢r opcrating Ivdses. including any lease in¢ntives reteived. are ¢harged as an expense on a Straight line basis over the tertn of the TeleVt lease. Critit#l accoutttitig estimates aud judgÈJneDts In the application of the thaJity'8 accounting p)licie5. the trustees Pxre required to make judgements. estimates aJ sumptions about the carrying aMot of &%s¢ts and liabilities that are not readily appaTent from other sotsrtes. The estimaies and associ2ted assumptitsns are based on historical experience and other facttsT5 that are consideTed to be relevant. A¢tual re8uItS Tnay differ from thcse estimates. The estiTnates and underlying a55umpttons are reviewed on an ongoing basi5. Revisions to a¢coJnting estimates are recogn15ed in ihe period in which the estimate 18 revised where the revision affects only that period. or in the period of the revision and future periods here the revision Tect8 FK>ih current and future periods. In the Tntstees opinion there a no critical accounting estimates or judgments. Inttsme from donations and grants Unrestricted Unrestricted funds generll Restrieted funds Totsl design#ted 20Z5 2025 2025 2025 Don&ioT15 and gifts Grants 2.076 666 977 1.643 2.742 977 3.719 pag¢ 12
JUBYLEE BAKES CIO NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YE4R EIVDED 31 A UGUST2025 IDcome fD)nh donatiDn5 grants (Continutdl Unrtstritted Ullrtstritted funds fund5 g¢DerAI de5xgn8ted 2025 Restrirted fuLd5 Totsl 202S 2025 2025 UnrtstritteJ Unrestricttd fund$ futtds gtnerll designated 2024 R¢strieted funds TotAI 2024 2024 2024 Donations and gifts Grdnts 1,173 941 5.iOO 5.078 2.114 5.5 5,078 12.692 Incorne froTh ¢harit4blt attivitie5 Unrestricted funds 2025 UDre5tricttd d5 2024 Provision of work ¢xperienc¢ and training 16.807 16.190 page 13
JUBYLEE BAKES CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31AUGUST2025 Expenditsre tharitsble Adivitie5 ProvisioD of Provi5ioD of work work experièmce txperience aDd training attd training 2025 2024 Dirett costs DepTeciation and impainnent Ingredients OtheT Consumables Training Co*t5 Packaging and Labe15 Kitchen Rcntsl Service Charges Electritity Staffc95ts Distribution Costs Bu5ines8 rdtes RepaiT5 and Mainte]wice 14.350 7.130 -014 18 501 500 529 4.478 214 ioi 509 614 14.323 6.940 980 57) 1,102 529 4.02? 224 98 239 29.958 29,477 Share of support xnd ¥overnaDee costs Ise¢ Dote 61 Support Goveman¢e 4,478 2.649 4.854 ?.384 37.08) 36.71) ADxl)%i5 by fund Ut)restri¢t¢d fvnds- general Unrcstrictcd fi]nd5- d¢signated Restricted funds 19.973 5.638 11,474 14.682 7.725 14.308 37.085 36,715 page 14
JUBYLEE BAKES CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31 AUGUST2025 Support costs allotAted to ctivities 21125 2024 Equiptnent arkeiing Costs Insurance Costs Oth¢rAdinin Charges Goi'¢man¢e costs 963 2,528 931 56 2.649 794 3.182 843 35 2,384 7.127 7,238 Alllystd between: Provision of w'ork ekperience and training 7.127 7.238 2025 2024 GoverDance tosts cornprise.. Independent examination f¢¢s Bank Ch8oe8 2,500 149 2.280 104 2.649 2.384 Net movement ill 2025 2024 The n¢t movement in ndS js stated after chargingllcr¢ditingl'. Fees payable tor the independent exasnis)atioD of the charitg5 financial statements Depreciat0 of oivned tangible fLxed 8s$ets 2.500 14.350 2.280 14,323 Trustt¢s None of the trustees lor any person5 wnnecied ivith them) T¢¢¢ived any remun¢ration or benefits from th¢ charitv diiring the >'ear, or tht year ending 31 August 2024. During the year. thre¢ childTen ot. tliree trustee5 r¢Leiiied training and work experience from the charity. The ChaTitv Comnii5sion was inlomjed that 50Tne beneliciaries rnay b¢ related to trustees during the application proLess and tlie elwity's constitution tontains a specific clause to ensure that a majority of trusices are always UllTelated lo beneticiaTies. Employee$ Th¢ averdge monthly number of emplojees during the year M'a5.. 2025 Nwmb¢r 2024 Number Ttsta] Remuner&tion of key managcment personnel during th¢ portIng period was £nil {2024.. £rri11. page 15
JUBYLEE BAKES CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31 AUGUST2025 Employees Icotttinuedl There wete no employees whose annual remuneration wa5 more th? £60,000. 10 Taxation The chaTity is exempt from t&x on income and gain8 falling within section i05 of the TeS Act 1988 or section 252 of the T&xation of Chargeable Gains Act 1992 to the tent that these ar¢ applied to its charitable objects. Tangible fixed a55ets Pbntand ¢quipmet Cost At I September 20A? 90.736 At )1 August ?0?5 9Q.736 DeprttlatiO and irnpairmtllt At I September 2024 Depreciation ¢haTged in theyear 53,550 14.350 At 31 August 202) 67,900 Carryitig #mount At ) l August 2025 22.836 At 31 August ?024 37.186 12 Sts¢k5 2025 2024 Stock 2.565 2.140 13 Debto 2025 2024 Amoullts falling dllt within ODe yt#r'. Trade debtOTS Prepaymenls 1.350 743 349 556 1093 905 page 16
JUBYLEE BAKES CIO NOTES TO THE FINANCIAL STATEMENTS (coNfINUED) FOR THE ENDED 31 AUGUST2025 14 Crtditors: wmounts f4llittg due with&n one yeir 2025 2024 Accruals 3.024 2.772 IS Restricted ftsnds ThL restricted funds of the charity wmprise th¢ unexpended balance5 OF donations and gTartis held on trust Subject to specific conditions by donoT5 as lo how ihey may be used. At I Stptember 2024 Incoming resouree5 Resourtes txpeDdtd At 31 August 2025 National Lottery- Peoples, Projects Assurn PIC Human ResouFce Professionals Charitsble Trust Ernest Kleinwon ChaFltable Trusi CJatwickAirrort Community Fund H311 and Woodhousc Coop Community Funding 21.030 1,292 227 47 1.077 9W -3)5 18.1421 15001 12.888 792 45 1471 19981 17501 18551 79 150 1.477 977 25.928 977 15.431 Previous year: At I September 2023 Intomillg resourtes Resourtts expellded At 31 August 2024 National Lottery- Peoples. Projects Assuraplc Human Resource Professiona15 Charitsble Trust Ernesi Kleinwort Charitable Tmst GaiwickAiTrH)n CornmuniN Fund Hall and Woodhous¢ Coop CDmrnunity Funding 29.172 1.792 875 819 2.500 18.1421 15001 16481 (7721 11.4?31 12.1001 21.030 1,292 ?27 47 1,077 900 1.355 3.000 2.078 35.li8 5.078 114.3081 25.928 pag¢ 17
JUBYLEE BAKES CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31AUGUST2025 15 Rtstricted fuDds (Contihuedl The reslricted fijnds liyted aLve are for the folloiving purposes.. Nationa] Lottery Peoples. Projects and As8uraplc- Costs of refijrbishing leasehold premises and equipping as a training kÉtchen- Human Resource Profrssionals Charitsble Trust- Training costs,. Ernest Kleinwort Charitable Tru8t-Adtniniskntive overheads., G2twickAirport Community Fund_ Website. markcting packaging developmenL' Hall and Woodhouse-Athninistrative overhths.. Coop Community Funding- Marketing, publicity and packaging costs. 16 Uttrestri¢ttd funds- design%ted The unTe5tricted funds of the charity comprise the tsnexpended balances of (bnations and grants which are not stsbject to srtcific conditions by (k)noTS and tOrS a5 to how they may be used. These include de5iEnated fvnds which have been sd asid¢ out of unrestricied fvnds by the tW5tees for specific purposes. At I Septsmber 2024 lllttsmiTEg resources Resources At 3] August exptDded 2025 Designated fund (5.638) 6.180 Prtvious year. At I Septswber 2023 lllcoming Resources At 31 August Èxpended 2024 D¢51gnated fund 14.043 5.500 (7,725) 11.818 Designated fimds represent donations received that the TrLee$ have decided will be put toward5 the purch&8e of equipmenr and other capital iterns for the rt. kitcheJL and for specific administrative and operditng ¢0515 of the Charity. 17 Unnstrieted funds The unrestricted fynds of the charity tOTnprise the unexpended balances of donations and grdnts which a]e not subje¢t to 5pecifJc conditions by donor8 and gTantors &8 to how tliey may be used. At I Septsrnber 2024 Incoming resotsr¢¢s Resources At 31 August Èxpended 2025 Generaj fvrvJ8 27.023 19.)49 (19.973) 26.599 page 18
JUBYLEE BAKES CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31 AUGUST 2025 17 UDr¢stritttd funds (Continued) Previous ytAr. At I September 2023 IncomiDg sources Resources espended At 31 August 2024 General funds 23.401 18,304 (14.6821 27,023 18 All*lysi8 of Det ksset5 between funds Unrtstrieted UDre5trittsd funds fund5 geDÈril designated 2025 Rt5tricted fullds Total 2025 2025 2015 At 31 August 2025.. Tangible asgets Curreni asset511liobilitie51 2,977 23.622 6.180 13.679 1,752 22.836 25,374 26.599 6.180 15,431 48.210 Unrestricl¢d Unrnstrirted fttnds fuDds general designxted 2024 Re5tritted finds 2024 2024 2024 At 31 August 2024: Tangible 5¢t9 Current a55eWlliabiliti¢sl 4,812 22.211 10.052 1.766 22,322 3.606 37.186 27.583 27.023 25.928 64.769 19 Optrating lease tDmsDitmeDts Le55e¢ At the rewrting end date the charity had out5tsnding CQTnmitments for future minimum Iwe paysnents under non- cancellable OPeTatinB Itase5. M"hich fall as follow5.' 2024 Within one year B¢tween two and tive years 1.891 997 2,802 2.802 3,799 20 RelAted party tran5attioDS There weT¢ no dcloSable yelated porty trdnsactions duringthe YeI2024- none). page 19