REGISTERED CHARITY NUMBER: 1195001
JUBILEE CHRISTIAN
CHURCH NOTTINGHAM
REPORT AND FINANCIAL STATEMENT FOR THE (UNAUDITED)
YEAR ENDED 30[th] JUNE 2023
J & T LEXINGTON SERVICES LIMITED 8 HOLME CLOSE, REDHILL GRANGE WELLINGBORUOGH NN9 5YF
JUBILEE CHRISTIAN CHURCH NOTTINGHAM
| Page | |
|---|---|
| CONTENTS | 2 |
| Charity information | 3 |
| Trustee’s Report | 4 |
| Independent Examiner’s report | 5 |
| Income and Expenditure Account | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 – 11 |
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JUBILEE CHRISTIAN CHURCH NOTTINGHAM
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1195001
Registered office
Unit 16, Byron Business Centre Nottingham NG15 7HP
Trustees
JOHN WACHIRA KAMAU PELE LIBURD CECILIA NJOROGE
Accountants
J & T Lexington Services Limited 8 Holme Close Redhill Grange Wellingborough NN9 5YF
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JUBILEE CHRISTIAN CHURCH NOTTINGHAM
Trustees’ Report
The Trustees have pleasure in submitting their report, and accounts for the year ended 30[th] June 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 9, and comply with the statement of recommended practice.
Constitution, objective of the charity, principal activity.
The charity is CIO - FOUNDATION Registered 29[th] June 2021 with charity registration number 1195001.
The objectives of the CIO for the benefit of the public: To advance the christian faith in accordance with the statement of beliefs in such ways as the trustees from time to time may think fit.
The ministry is involved in Christian outreach programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.
Review of the financial position
The charity made a surplus for the year amounting to £6,731. (2022 £3,327).
Approval
The report was approved by the board of trustees on …………… 2023 and signed on their behalf by:
Pastor. JOHN WACHIRA KAMAU
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JUBILEE CHRISTIAN CHURCH NOTTINGHAM
Independent Examiner’s Report To the Trustees
JUBILEE CHRISTIAN CHURCH NOTTINGHAM
I report on the accounts of the church for the year ended 30[th] June 2023 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the charity are responsible for the preparation of the accounts. The charity’s trustee consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:
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1) Examine the accounts under section 145 of the 2011 Act.
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2) Follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act) and
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3) To state whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met reasonable requirements to ensure that:
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proper accounting records are kept (in accordance with section 41 of the Act)
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act: or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Joseph Kinuthia C.P.A, DMS, MBA
J & T Lexington Services Limited
8 Holme Close, Redhill Grange Wellingborough NN9 5YF
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JUBILEE CHRISTIAN CHURCH NOTTINGHAM
Statement of financial activities for the year ended 30[th] June 2023 Incorporating the Income and Expenditure Account
| Note Incoming Resources Incoming resources from generated funds Voluntary income 2 Gift Aid Total Incoming Resources Resources expended Charitable activities Repairs & maintenance Conferences & Church activities Rent & Rates Travel expenses Telephone, internet & web Utility bills Gift & Donations Advertising Insurance Professional fees Media expenses Bank charges Printing and stationery Depreciation of fixed assets Governance costs 3 Total resources expended Net incoming/ (outgoing) resources Balances carried forward at30th June 2023 |
2023 £ 24,212 2,844 27,056 304 1,665 9,720 2,059 340 70 1,005 726 515 - 632 48 1,986 1,005 20,075 250 20,325 6,731 6,731 |
2022 £ |
|---|---|---|
| 17,062 - |
||
| 17,062 | ||
| 89 1,723 4,237 885 264 490 594 1,597 278 474 736 - 1,641 477 |
||
| 13,485 250 |
||
| 13,735 | ||
| 3,327 3,327 |
There were no recognised gains or losses in the year. All activities derive from continuing operations.
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JUBILEE CHRISTIAN CHURCH NOTTINGHAM
Balance Sheet as at 30[th] June 2023
| Note Fixed assets Tangible fixed assets 4 Current assets Debtors Cash at bank and in hand Creditors- amounts falling due within one year 5 Net current assets/(liabilities) Net assets Represented by: Funds of the charity Reserves Net incoming resources |
2023 £ 7,371 2,844 93 2,937 (250) 2,687 10,058 3,327 6,731 10,058 |
2022 |
|---|---|---|
| £ | ||
| 3,498 79 |
||
| 79 (250) |
||
| (171) | ||
| 3,327 | ||
| - 3,327 |
||
| 3,327 |
The financial statements were approved by the Trustees on ……………2023 and signed on their behalf by:
Pastor. JOHN WACHIRA KAMAU_____
Trustee
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JUBILEE CHRISTIAN CHURCH NOTTINGHAM
Notes to the financial statements for the year ended 30[th] June 2023
1. Accounting policies
a) Accounting basis
These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993 and the Statement of Recommended Practice on Accounting by Charities published in March 2008. The adoption of the revised SORP has resulted in reclassification of some items.
b) Incoming resources
i) Voluntary income
Voluntary income is received by way of Tithes offerings, donations and gifts and is included in full in the Statement of Financial Activities when receivable.
ii) Bank interest
Bank interest is included in the income and expenditure account on receipt.
c) Resources expended
All expenditure is accounted for on an accruals basis.
d) Fixed assets and depreciation
Fixed assets are included at cost. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life using the reducing balance method.
Equipments – 12%
Fixtures & fittings – 6.5%
e) Restricted and unrestricted funds
Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated. Restricted funds are those funds which represent grants and donations for a specific purpose. Upon full performance of the purpose of the grant, any surplus is then retrievable by the donor. Income generated for the objects of the charity without further specified purpose is allocated to unrestricted funds. Accumulated surpluses may be retained by the church and are expendable at the discretion of the trustees in furtherance of the church’s objects. There were no restricted funds during the year.
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JUBILEE CHRISTIAN CHURCH NOTTINGHAM
Notes to the financial statements for the year ended 30[th] June 2023
1.
Accounting policies (continued)
e) Designated funds
Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees’ discretion. There were no designated funds during the year.
g) Irrecoverable VAT
The church is unable to recover VAT since it does not make taxable supplies. The cost of irrecoverable VAT is not separately analysed in the financial statements.
h) Cash Flow
The church has taken advantage of the exemptions in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small church.
2. Incoming resources from generated funds
| Voluntary income Tithes and offerings |
Unrestricted £ 24,212 24,212 |
Restricted £ - - |
Total funds 2023 £ |
|---|---|---|---|
| 24,212 | |||
| 24,212 |
3. Governance costs
| Accountancy fees | £ 250 |
|---|---|
| 250 |
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JUBILEE CHRISTIAN CHURCH NOTTINGHAM
Notes to the financial statements for the year ended 30[th] June 2023
4. Tangible fixed assets
Church
| Cost At 01stJuly 2022 Additions At 30thJune 2023 Depreciation At 01stJuly 2022 Charge At 30thJune 2023 Net book value 2023 Net book value 2022 |
Fixtures & fittings £ - 441 441 - 29 29 412 - |
Equipments & Total Instruments £ £ 3,975 3,975 4,437 4,878 8,412 8,853 477 477 976 1,005 1,453 1,482 6,959 7,371 3,498 3,498 |
|---|---|---|
5. Creditors – amounts falling due within one year
| Creditors & accruals | 2023 |
|---|---|
| £ | |
| 250 | |
| 250 |
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JUBILEE CHRISTIAN CHURCH NOTTINGHAM
Notes to the financial statements for the year ended 30[th] June 2023
6. Financial commitments
Capital Commitments
The church had no capital commitments as at 30[th] June 2023.
Operating lease commitments
The church had an operating lease commitments as at 30[th] June 2023.
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