REGISTERED CHARITY NUMBER: 1204217
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
JUBILEE CHURCH ELY
Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF
JUBILEE CHURCH ELY
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2025
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 |
JUBILEE CHURCH ELY
REFERENCE AND ADMINISTRATIVE DETAILS for the year ended 31 March 2025
| TRUSTEES | M Bispham |
|---|---|
| M Vince (resigned 31.3.25) | |
| C Green (resigned 15.7.24) | |
| M Gauntlett | |
| S Ochieng (appointed 5.2.25) | |
| C Stroud (appointed 15.7.24) | |
| PRINCIPAL ADDRESS | Jubilee Centre |
| 15a Silver Street | |
| Ely | |
| Cambridgeshire | |
| CB7 4JF | |
| REGISTERED CHARITY | 1204217 |
| NUMBER | |
| INDEPENDENT EXAMINER | Marsh Solutions Limited |
| 82 Berechurch Hall Road | |
| Colchester | |
| Essex | |
| CO2 8RF | |
| CHURCH LEADERS | R Burgess |
| A Jones |
Page 1
JUBILEE CHURCH ELY
REPORT OF THE TRUSTEES for the year ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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
Objectives and aims
To advance the Christian faith in the County of Cambridgeshire and in such other parts of the United Kingdom or the world as the charity trustees may from time to time think fit. And to relieve people who are in conditions of need or hardship or who are sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the charity trustees may from time-to-time think fit.
The Charity was registered as a Charitable Incorporated Organisation [CIO] on 3 August 2023.
The Charity is a local church practicing the Christian faith in Cambridgeshire, drawing people from the Ely area and surrounding villages. Its activities include worship services each Sunday, children's and youth groups, bible study meetings, Alpha Courses, special services and outreach activities on significant Christian celebrations and working in partnership with other local Christian churches.
Jubilee Church is part of Relational Mission, which is a growing family of churches from different countries which is also part of the Newfrontiers group of churches. Newfrontiers and Relational Mission churches are united, via a worldwide network of churches across many nations but are predominantly based in the UK and mainland Europe.
Significant activities
In this financial year Jubilee Church has continued to refurbish the building it purchased last year, Jubilee Centre, enabling it to begin using these premises for its charitable purposes. Significantly, in November Jubilee Church launched a weekly community hub, open to all to access a warm space, refreshments, and companionship. The Church successfully applied for this initiative to become part of the Cambridge Acre Community Hubs Network, as part of which the church receives grant funding from Cambridge Acre to support the running costs of the hub, for which we are very grateful.
Jubilee Centre has also been used for one-off public events, such as a Light Party for local primary school-aged children (with ca. 50 people attending), and regular meetings such as the Christians Together in Ely monthly prayer meetings.
Jubilee Church continues to maintain links with the local Foodbank making financial and practical contributions plus one church member is the Foodbank Treasurer. Once again during the Christmas period, Jubilee Church purchased new toys from the local toy shop to donate to a local charity that ensured those less fortunate were able to give gifts to their children and the children of family members.
Public benefit
The Trustees confirm they have complied with their duty to ensure the Charity has undertaken suitable works for the benefit of the public, as required by the Charity Commission.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Church has grown to approximately 80 members [including children and youth]. Those that have joined the church are mainly from the local area. Several have joined due to recommendation, re-location and employment opportunities in the Ely area. Due to the increased growth, since November one Elder is now working full time for the Church.
The Trustees are grateful to all those members who voluntarily support the Church. This is difficult to quantify but numbers around 40-50 people and the activity covers; children and youth work, leadership and pastoral care, safeguarding, counselling, teaching and hospitality, photography, painting and decoration expertise.
The Church has enabled several young musicians to minister to the main body of the church during the Sunday worship meetings, additionally, guest speakers were invited to speak on biblical issues that strengthened and united the church.
Page 2
JUBILEE CHURCH ELY
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
FINANCIAL REVIEW
Financial position and reserves policy
During the period, the church's income was £73,548 and expenditure was £85,487. A net deficit of £11,939 resulted for this period.
The trustees deem it prudent to hold General Reserves totalling 4 months' average -running costs. The amount held in General Reserve is equal to £94,978 which is in excess of this.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution, and is a Charitable Incorporated Organisation (CIO).
Recruitment and appointment of new trustees
This is covered fully in Paragraphs 10-12 of the Constitution for Jubilee Church Ely. In selecting individuals for appointment as Charity Trustees, the Spiritual Leadership must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. All Trustees must subscribe and adhere to, in belief and lifestyle, the Statement of Faith. The spiritual government and leadership of the church fellowship shall remain with the Spiritual Leadership whilst the Charity Trustees shall be confined to the proper management and administration of the CIO in accordance with the provisions of the Constitution.
A Trustee ceases to hold office if he/she (1) retires by notifying the Charity Trustees in writing, (2) is absent without permission from all meetings for a period of six months, (3) dies, or (4) is disqualified or is removed from office for good and sufficient reason by a resolution passed by at least 75% of the Charity Trustees present at a properly convened meeting.
22/07/25
Approved by order of the board of trustees on .............................................. and signed on its behalf by:
M Bispham (Jul 22, 2025 16:04 GMT+1)
........................................................................ M Bispham - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JUBILEE CHURCH ELY
Independent examiner's report to the trustees of Jubilee Church Ely
I report to the charity trustees on my examination of the accounts of Jubilee Church Ely (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable 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.
Mr Christopher Marsh FMAAT The Association of Accounting Technicians
Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 22/07/25 Date: .............................................
Page 4
JUBILEE CHURCH ELY
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 March 2025
| Unrestricted INCOME AND ENDOWMENTS FROM Notes funds £ Donations and legacies 72,938 Charitable activities Church Activities 110 Other income - Total 73,048 EXPENDITURE ON Charitable activities 2 Church Activities 84,919 NET INCOME/(EXPENDITURE) (11,871) Transfers between funds 9 (68) Net movement in funds (11,939) RECONCILIATION OF FUNDS Total funds brought forward 198,374 TOTAL FUNDS CARRIED FORWARD 186,435 |
Restricted Year Ended 31.3.25 Total funds £ funds £ 500 73,438 - 110 - - 500 73,548 568 85,487 (68) (11,939) 68 - - (11,939) - 198,374 - 186,435 |
Period 3.8.23 to 31.3.24 Total funds £ 127,063 - 105,419 |
|---|---|---|
232,482 |
||
34,108 |
||
198,374 - |
||
| 198,374 - |
||
| 198,374 |
The notes form part of these financial statements
Page 5
JUBILEE CHURCH ELY
BALANCE SHEET
31 March 2025
| Unrestricted FIXED ASSETS Notes funds £ Tangible assets 6 91,457 CURRENT ASSETS Debtors 7 7,850 Cash at bank 90,811 98,661 CREDITORS Amounts falling due within one year 8 (3,683) NET CURRENT ASSETS 94,978 TOTAL ASSETS LESS CURRENT LIABILITIES 186,435 NET ASSETS 186,435 FUNDS Unrestricted funds 9 TOTAL FUNDS |
Restricted funds £ - - - - - - - - |
31.3.25 Total funds £ 91,457 7,850 90,811 98,661 (3,683) 94,978 186,435 186,435 186,435 186,435 |
31.3.24 Total funds £ 88,721 451 112,579 113,030 (3,377) 109,653 198,374 198,374 198,374 198,374 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on . ............................................ and were signed on its behalf by: 22/07/25
M Bispham (Jul 22, 2025 16:04 GMT+1)
............................................. M Bispham - Trustee
The notes form part of these financial statements
Page 6
JUBILEE CHURCH ELY
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
The financial statements are presented in sterling (£).
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property Improvements to property - 10% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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JUBILEE CHURCH ELY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Independent examiners fee Depreciation |
31.3.25 £ 1,250 304 |
31.3.24 £ 1,250 - |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024.
Key management
The trustees consider the Key Management of the charity to be the Church Leaders.
During the period the Key Management received remuneration totalling £30,632 (2024: £11,809.)
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 38,582 Other income 105,419 Total 144,001 EXPENDITURE ON Charitable activities Church Activities 34,108 NET INCOME 109,893 Transfers between funds 88,481 Net movement in funds 198,374 TOTAL FUNDS CARRIED FORWARD 198,374 |
Restricted funds £ 88,481 - 88,481 - 88,481 (88,481) - - |
Total funds £ 127,063 105,419 |
|---|---|---|
232,482 |
||
34,108 |
||
198,374 - |
||
| 198,374 | ||
198,374 |
continued...
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JUBILEE CHURCH ELY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Year Ended 31.3.25 All staff 2 No employees received emoluments in excess of £60,000. 6. TANGIBLE FIXED ASSETS Improvements Freehold property to property COST £ £ At 1 April 2024 88,721 - Additions - 3,040 At 31 March 2025 88,721 3,040 DEPRECIATION Charge for year - 304 NET BOOK VALUE At 31 March 2025 88,721 2,736 At 31 March 2024 88,721 - 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 £ Other debtors 7,850 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 £ Trade creditors - Taxation and social security 1,896 Other creditors 1,787 3,683 |
Period 3.8.23 to 31.3.24 2 Totals £ 88,721 3,040 91,761 304 91,457 88,721 31.3.24 £ 451 31.3.24 £ 251 276 2,850 3,377 |
|---|---|
continued...
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JUBILEE CHURCH ELY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
9. MOVEMENT IN FUNDS
| Unrestricted funds General fund Building Fund Restricted funds Warm Fund TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General fund Restricted funds Warm Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Building Fund Restricted funds Building Fund TOTAL FUNDS |
At 1.4.24 £ 109,653 88,721 198,374 - 198,374 as follows: |
Net movement in funds £ (11,871) - (11,871) (68) (11,939) Incoming resources £ 73,048 500 73,548 Net movement in funds £ 109,893 - 109,893 88,481 198,374 |
Transfers between At funds £ 31.3.25 £ (68) 97,714 - 88,721 (68) 186,435 68 - - 186,435 Resources expended £ Movement in funds £ (84,919) (11,871) (568) (68) (85,487) (11,939) Transfers between At funds £ 31.3.24 £ (240) 109,653 88,721 88,721 88,481 198,374 (88,481) - - 198,374 |
|---|---|---|---|
continued...
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JUBILEE CHURCH ELY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Building Fund TOTAL FUNDS |
Incoming resources £ 144,001 88,481 232,482 |
Resources expended £ Movement in funds £ (34,108) 109,893 - 88,481 (34,108) 198,374 |
|---|---|---|
Building Fund: Funds set aside for the purchase of a building
Transfers between funds
During the period the charity fulfilled its obligation to purchase a property with restricted funding. As such the trustees have deemed it appropriate to transfer this asset into a separate unrestricted building fund.
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 11