2022-04-01 07197228 2023-03-31 07197228 2022-04-01 2023-03-31 07197228 uk-bus:Director1 2022-04-01 2023-03-31 07197228 uk-bus:Director1 2023-03-31 07197228 uk-bus:Director2 2022-04-01 2023-03-31 07197228 uk-bus:Director2 2023-03-31 07197228 uk-bus:Director3 2022-04-01 2023-03-31 07197228 uk-bus:Director3 2023-03-31 07197228 uk-bus:Director4 2022-04-01 2023-03-31 07197228 uk-bus:Director4 2023-03-31 07197228 uk-bus:Director5 2022-04-01 2023-03-31 07197228 uk-bus:Director5 2023-03-31 07197228 uk-bus:Director6 2022-04-01 2023-03-31 07197228 uk-bus:Director6 2023-03-31 07197228 uk-bus:Director7 2022-04-01 2023-03-31 07197228 uk-bus:Director7 2023-03-31 07197228 uk-bus:Director8 2022-04-01 2023-03-31 07197228 uk-bus:Director8 2023-03-31 07197228 uk-bus:CompanySecretary1 2022-04-01 2023-03-31 07197228 2022-03-31 07197228 2021-04-01 2022-03-31 07197228 uk-char:TotalRestrictedIncomeFunds 2022-04-01 2023-03-31 07197228 uk-char:TotalUnrestrictedFunds 2022-04-01 2023-03-31 07197228 uk-core:WithinOneYear 2023-03-31 07197228 uk-core:WithinOneYear 2022-03-31 07197228 uk-core:AfterOneYear 2023-03-31 07197228 uk-core:AfterOneYear 2022-03-31 07197228 uk-char:TotalRestrictedIncomeFunds 2023-03-31 07197228 uk-char:TotalRestrictedIncomeFunds 2022-03-31 07197228 uk-char:TotalUnrestrictedFunds 2023-03-31 07197228 uk-char:TotalUnrestrictedFunds 2022-03-31 07197228 uk-core:ComputerEquipment 2022-04-01 2023-03-31 07197228 uk-core:CommunicationNetworkEquipment 2022-04-01 2023-03-31 07197228 uk-char:Activity1 2022-04-01 2023-03-31 07197228 uk-core:FurnitureFittings 2022-03-31 07197228 uk-core:CommunicationNetworkEquipment 2022-03-31 07197228 uk-core:FurnitureFittings 2022-04-01 2023-03-31 07197228 uk-core:CommunicationNetworkEquipment 2023-03-31 07197228 uk-core:FurnitureFittings 2023-03-31 07197228 uk-core:WithinOneYear 2023-03-31 07197228 uk-core:WithinOneYear 2022-03-31 07197228 uk-core:AfterOneYear 2022-03-31 07197228 uk-core:AfterOneYear 2023-03-31 07197228 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2022-04-01 2023-03-31 07197228 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2021-04-01 2022-03-31 07197228 uk-char:TotalUnrestrictedFunds 2021-04-01 2022-03-31 07197228 uk-char:MaterialFund1 uk-char:TotalUnrestrictedFunds 2022-04-01 2023-03-31 07197228 uk-char:MaterialFund1 uk-char:TotalRestrictedIncomeFunds 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure 07197228 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07197228 uk-bus:FRS102 2022-04-01 2023-03-31 07197228 uk-bus:FullAccounts 2022-04-01 2023-03-31
(England and Wales)
Company number: 07197228
Charity number: 1135644
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
For the year ended 31 March 2023
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Contents Page
1 to 3
Report of the Trustees
4
Independent Examiner's Report to the Trustees
5
Statement of Financial Activities
6
Statement of Financial Position
7 to 13
Notes to the Financial Statements
3
For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Report of the Trustees
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial
statements for the charitable company for the year ended 31 March 2023. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The objectives of the Church are set out below: To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto in the community and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services, through the provision of counselling and support in such parts of the United Kingdom or the World as the trustees from time to time may think fit.
Statement on public benefit
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
Training and development as well as leadership training are the global vision and designed of activities at Jubilee Christian Church International (JCCI) worldwide. They will continue to take place throughout the year. These include Believers' Basic/Prayer Schools, Leadership History Makers (HMT) training program, Team and Fellowship Leaders training program and church workers and volunteers' program. We also attend other relevant conferences, seminars and exhibitions designed to equip us to carry out the work of the ministry more effectively and to prepare us for even more growth and increase/expansion. Our main service holds on Sunday mornings and the first Friday evening of every month with focus on the teaching of God's word and prayer. The teachings are relevant to all aspects of our lives i.e., the Christian walk, education, career, business, family, relationships, and creativity. The impact of these teachings is evident in the lives of our members. Jubilee Christian Church International continues to witness significant growth in all aspects of its work. We are fulfilling our vision of building and establishing people on the Word of God and empowering them to reach their full potentials in life. The Church has become a great place of refuge and strength to many, both young and old. People are discovering their purpose in life and there is a great momentum to step out and make an impact in their world. Our youth work is progressively going well with more young people attending the weekly meetings and regular training sessions. All our programs and activities are designed to raise strong, vibrant, and responsible young people who will grow up to have a positive impact in all their sphere of influence in the home, the church, the community, the nation and beyond. Giving: In line with the objects of the church, we have continued to support members going through hardships through our welfare programs. We also continue to support other charities who are involved in missions that are complementary to our works. In the summer season, we prepare a barbeque event that is free to attend in a bid to reach out to our immediate neighborhood. We also organise a coffee/tea morning that is free to attend throughout the year for the less privileged in our environment. This year we gladly supported Jubilee International Bible Institute, a globally accredited institute with a grant towards the work and progress they continue to make. FUTURE PLANSOur focus in the immediate future is to procure a nine-seat minibus to convey members to all church activities and programs, and to purchase a property, a permanent place for church activities which is in the best interest of the church. We also want to launch out into the community and beyond through dynamic evangelism and community focused programs. We believe the church has a lot to offer individuals, families, and the whole community and we have it in plan to reach out to them more effectively. We are also developing our media capacity for global reach and Endtime harvest as well as discipleship of nations for the Lord.
FINANCIAL REVIEW
In the twelve months under review, net results for the year were £31,789; (2022: £210,305) and carries forward funds of £278,271; (2022: £246,482).
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4
For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Report of the Trustees Continued
Significant events
As part of our plans to purchase a property as a permanent place of worship, the charity received donations of £210,000 in the year to 31st March 2022, restricted for the purpose. A big thank you to JCCI Zion Chapel, Chapel of Grace, Faith Arena and everyone who gave generously towards this cause.
Reserves
The Trustees believes that unrestricted funds which have not been designated for a specific use should be maintained so that in the event of a significant drop in funding, they will be able to continue the Charity's activities and are working towards achieving it. The aim is to build reserves levels to approximately 3 months of unrestricted expenditure.
Going concern
At the time of approving the accounts, 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 accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Jubilee Christian Church International is a charitable company limited by guarantee and is controlled by its governing document; the
memorandum and articles of association incorporated on 22 March 2010.
Recruitment and appointment of trustees
Trustees are elected by existing trustees in accordance with the Memorandum and Articles of Association. A retiring Trustee may be re-elected.
REFERENCE AND ADMINISTRATIVE INFORMATION
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Name of Charity
Charity registration number
1135644
07197228
Company registration number
2 TEESDALE ROAD
Principal address
SLOUGH
SL2 1UD
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Pastor Abiodun A Abiodun
Pastor Margaret Oke
Pastor Charles Onasile
Pastor Bernice Oyeneye
Evangelist Arike Olubowale
Pastor Matthew Oyeneye
Pastor Kolawole Jesubayode
Mr Jean David Kouaho (appointed on 13/02/2023)
(Appointed: 13 February 2023)
Pastor Bernice Oyeneye
Secretary
Tolu Obisesan
Independent examiner
ANS Accounts Ltd
82A James Carter Road
Mildenhall
Suffolk
IP28 7DE
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5
For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Report of the Trustees Continued
HSBC
Bankers
8 Canada Square
London
E14 5HQ
1 Southampton Row
London
WC1B 5HA
.............................................................................
Approved by the Board of Trustees and signed on its behalf by
13 October 2023
Pastor Abiodun A Abiodun
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6
For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2023.
Responsibilities and basis of report
The charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me
cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice
for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Tolu Obisesan
ANS Accounts Ltd
82A James Carter Road
Mildenhall
Suffolk
IP28 7DE
13 October 2023
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7
For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Statement of Financial Activities (including Income and Expenditure Account)
Notes
2022
2023
Restricted
funds
Unrestricted
funds
£
£
£
£
Income and endowments from:
Donations and legacies
69,122
249,035
8,662
60,460
2
Investments
88
1
-
88
3
Total
69,210
249,036
8,662
60,548
Expenditure on:
Charitable activities
(37,421)
-
(37,421)
(38,730)
4/5
Total
(37,421)
(38,730)
-
(37,421)
31,789
210,306
8,662
23,127
Net income
Reconciliation of funds
Total funds brought forward
36,176
246,482
225,916
20,566
Total funds carried forward
43,693
234,578
278,271
246,482
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8
07197228
Registered Number :
As at 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Statement of Financial Position
£
£
Notes
2023
2022
Fixed assets
Tangible assets
560
-
12
560
-
Current assets
4,000
4,000
13
Debtors
Cash at bank and in hand
284,513
255,242
288,513
259,242
Creditors: amounts falling due within one year
(4,355)
(3,352)
14
Net current assets
284,158
255,890
Total assets less current liabilities
284,718
255,890
Creditors: amounts falling due after more than one year
(6,447)
(9,408)
15
Net assets
278,271
246,482
The funds of the charity
Restricted income funds
234,578
225,916
Unrestricted income funds
16
43,693
20,566
Total funds
278,271
246,482
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
13 October 2023
Pastor Abiodun A Abiodun
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9
For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Notes to the Financial Statements
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006. JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
At the time of approving the accounts, 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 accounts.
Funds
Unrestricted funds are available for use at the discretion of the Committee in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions set out by donors as to how those funds may be used.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure is inclusive of irrecoverable VAT.
Charitable activites
Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly
attributed costs as well as support costs.
Taxation
The charity is exempt from corporation tax on its charitable activities and other income to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% per annum on cost
Computer equipment
20% per annum on cost
Musical equipment
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
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10
For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Notes to the Financial Statements Continued
2. Income from donations and legacies
2022
2023
Restricted
funds
Unrestricted
funds
£
£
£
£
Donations received
249,035
69,122
8,662
60,460
249,035
69,122
8,662
60,460
3. Investment income
2022
2023
£
£
Unrestricted funds
Bank interest receivable
88
1
1
88
4. Costs of charitable activities by fund type
2022
2023
£
£
Unrestricted funds
18,517
18,409
Charitable activities
20,213
19,012
Support costs
38,730
37,421
5. Costs of charitable activities by activity type
2022
2023
Support costs
Activities
undertaken
directly
£
£
£
£
Support costs
Charitable activities
37,421
19,012
18,409
38,730
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For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Notes to the Financial Statements Continued
7. Analysis of support costs
2022
2023
£
£
Charitable activities
Management
16,059
18,579
Governance costs
2,953
1,634
20,213
19,012
8. Net income/(expenditure) for the year
This is stated after charging/(crediting):
2023
2022
£
£
Depreciation of owned fixed assets
140
2,600
Accountancy fees
2,953
1,420
9. Staff costs and emoluments
2023
2022
1
Staff
1
1
1
Staff give their time willingly and are unpaid.
10. Trustee remuneration and related party transactions
There was no Trustee remuneration in either year.
There were no related party transactions in either year.
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12
For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Notes to the Financial Statements Continued
11. Comparative for the Statement of Financial Activities
2022
Restricted
funds
Unrestricted
funds
£
£
£
Income and endowments from:
Donations and legacies
249,035
210,566
38,469
Investments
1
-
1
Total
249,036
210,566
38,470
Expenditure on:
Charitable activities
(38,280)
(450)
(38,730)
Total
(38,730)
(450)
(38,280)
210,306
210,116
190
Net income
Reconciliation of funds
Total funds brought forward
36,176
15,800
20,376
Total funds carried forward
20,566
225,916
246,482
12. Tangible fixed assets
Computer
equipment
Musical
equipment
Total
Cost or valuation
£
£
£
20,062
15,628
4,434
At 01 April 2022
700
-
700
Additions
At 31 March 2023
5,134
15,628
20,762
Depreciation
20,062
15,628
4,434
At 01 April 2022
Charge for year
140
-
140
20,202
15,628
4,574
At 31 March 2023
Net book values
At 31 March 2023
At 31 March 2022
560
-
-
-
560
-
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For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Notes to the Financial Statements Continued
13. Debtors
2023
2022
£
£
Amounts due after more than one year:
Other debtors
4,000
4,000
4,000
4,000
Debtor is refundable rent - £4,000.00
14. Creditors: amounts falling due within one year
2023
2022
£
£
Loans and overdrafts
2,655
2,352
Accruals and deferred income
1,700
1,000
4,355
3,352
15. Creditors: amounts falling due after more than one year
2023
2022
£
£
Loans and overdrafts
9,408
6,447
6,447
9,408
16. Movement in funds
Unrestricted Funds
Balance at
01/04/2022
Incoming
resources
Outgoing
resources
Balance at
31/03/2023
£
£
£
£
General
20,566
60,548
(37,421)
43,693
General
20,566
60,548
(37,421)
43,693
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For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Notes to the Financial Statements Continued
Unrestricted Funds - Previous year
Balance at
01/04/2021
Incoming
resources
Outgoing
resources
Balance at
31/03/2022
£
£
£
£
General
20,376
38,470
(38,280)
20,566
General
20,376
38,470
(38,280)
20,566
Purpose of unrestricted Funds
General
Unrestricted funds are available for use at the discretion of the Committee in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Purpose of restricted funds
General - R
Restricted funds are subject to specific conditions set out by donors as to how those funds may be used.
17. Analysis of net assets between funds
Tangible fixed
assets
Net current
assets /
(liabilities)
Creditors >
one year
Net Assets
£
£
£
£
Unrestricted funds
General
560
49,580
(6,447)
43,693
General
Restricted funds
-
234,578
-
234,578
General - R
560
284,158
(6,447)
278,271
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For the year ended 31 March 2023
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM)
Notes to the Financial Statements Continued
Previous year
Tangible fixed
assets
Net current
assets /
(liabilities)
Creditors >
one year
Net Assets
£
£
£
£
Unrestricted funds
General
-
29,974
(9,408)
20,566
General
Restricted funds
-
225,916
-
225,916
General - R
-
255,890
(9,408)
246,482
18. Company limited by guarantee
JUBILEE CHRISTIAN CHURCH INTERNATIONAL (UNITED KINGDOM) is a company limited by guarantee and accordingly does
not have a share capital.
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