| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2025 |
| for |
| JUBILEE FIELDS COMMUNITY ASSOCIATION |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2025 |
| for |
| JUBILEE FIELDS COMMUNITY ASSOCIATION |
| JUBILEE FIELDS COMMUNITY ASSOCIATION |
| Contents of the Financial Statements |
| for the year ended 31 January 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 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
| JUBILEE FIELDS COMMUNITY ASSOCIATION |
| Reference and Administrative Details |
| for the year ended 31 January 2025 |
| TRUSTEES |
| REGISTERED OFFICE |
| REGISTERED COMPANY NUMBER |
| REGISTERED CHARITY NUMBER |
| INDEPENDENT EXAMINER | Mitchells Grievson |
| Chartered Accountants |
| Kensington House |
| 3 Kensington |
| Bishop Auckland |
| Co. Durham |
| DL14 6HX |
| COUNCIL REPRESENTATIVES | (NON-VOTING) |
| Cllr David Bell (Mayor of Shildon Town |
| Council) |
| JUBILEE FIELDS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 05317292) |
| Report of the Trustees |
| for the year ended 31 January 2025 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 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 |
| Vision and Mission |
| Our vision and mission are the heart of all that we do along with the continual succession planning to |
| retain existing staff, maintain the centre to a high standard and provide a safe and friendly environment for |
| adults/children/young people and their families to engage in the services and activities the centre has to offer. |
| 2024 has been another outstanding year for Jubilee Fields Community Centre, as we continue to grow and strengthen our role as a vital hub for the local community. Building on the momentum of our governance and staffing review, we were pleased to welcome a further two new trustees to the Board. Their experience and fresh perspectives have enhanced the collective skills and capacity of the Trust, enabling more strategic oversight and future planning. |
| Our team have worked tirelessly and successfully to secure essential funding, as well as facilitate much needed activities that keeps our centre running for the benefit of all users. One of our most significant achievements this year was securing a multi-year grant from the National Lottery Reaching Communities Fund, which will contribute to staff salaries over the next three years-providing a crucial foundation for long-term planning and stability. |
| We also introduced a new Volunteer Co-Ordinator role, dedicated to developing and supporting our volunteers. This has already led to greater engagement and improved training pathways, with the centre now actively working towards achieving Volunteer Kitemark status, recognising the quality and impact of our volunteer support framework. |
| Throughout the year, we have continued to see an increase in footfall and participation as individuals regain confidence in returning to community spaces. Our wide range of services and activities - ranging from social and wellbeing groups for men, women, and children, to employability support and accredited training - have played an important role in improving community health, reducing isolation, and enhancing life opportunities for local people. |
| We were also delighted to welcome new user groups to the centre, while continuing to nurture long-standing relationships with established partners. These collaborations have allowed us to diversify our programme and respond more effectively to the changing needs of our community. |
| As always, we remain grateful to our funders, supporters, and partners for their continued encouragement and investment. Your contributions enable us to deliver high-quality, inclusive services that make a real difference to the lives of people in Jubilee Fields and beyond. We look forward to building on this success as we move into 2025 and continue to create positive, lasting impact for our community. |
| A huge thank you goes to the following for their continued support: |
| The Ballinger Trust |
| Bishop Auckland & Shildon Area Action Partnership |
| County Durham Community Foundation |
| Councillor Shirley Quinn |
| Durham Community Action |
| Durham County Council |
| Livin |
| Mears Group |
| National Lottery Reaching Community Fund |
| PPG Colourful Communities |
| Pioneering Care Partnership (PCP) |
| Point North |
| Shildon Town Council and the Mayors Fund |
| The Banks Group |
| The Scotto Charitable Trust |
| UK Shared Prosperity Funding |
| JUBILEE FIELDS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 05317292) |
| Report of the Trustees |
| for the year ended 31 January 2025 |
| FINANCIAL REVIEW |
| Reserves policy |
| The Management Committee consider it prudent to maintain unrestricted funds, which are the free reserves of |
| the charity, at the level of three months of core cost expenditure and redundancy entitlements. The reserves are mainly represented by the actual community centre building, to include all fixtures, fittings and equipment totalling £382,503 (2024 - £379,216) . Working capital reserves of £24,720 (2024 - £13,468) are considered satisfactory. |
| Risk Management |
| An ongoing review process has revealed major funding opportunities available to the company and also any |
| risks to which it is exposed. The Management Committee reviews financial activities regularly, with remedial |
| action taken to compensate for any projected funding shortfall or overspend. Internal risks are minimised by |
| the authorisation procedures in place for all transactions. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Constitution and Objects |
| Jubilee Fields Community Association is considered under memorandum and articles of association dated |
| 20th December 2004 and is a registered charity (Charity Number 1107811). It is limited by guarantee. |
| The company was registered with the same name and objectives as the original charitable trust |
| (Company Number 05317292). On 26th January 2005, the company was recognised as charitable by the |
| Charity Commissioners for England and Wales (Charity Number 1107811). |
| The trustee directors at the year end are set out on page 1. No director had a beneficial interest in the |
| company. |
| Since 31st January 2005, the charitable company has continued the work of the original charitable trust, |
| following the transfer of the trust's assets and liabilities. The original charitable trust was wound up and |
| removed from the Charities Commission register on 14th June 2005. |
| The company's objectives are to promote the benefit of the inhabitants of Jubilee Fields Estate and |
| neighbourhood defined by Shildon Town (the area of benefit) without distinction of sex, sexual orientation, race |
| of political, religious or other opinions by associating together the said inhabitants and the local authorities, |
| voluntary and other organisations in common effort to advance education and to provide facilities in the interest |
| of social welfare for the recreation and leisure time occupation with the object of improving conditions of life |
| for the said inhabitants. |
| To maintain and manage the Community Centre in furtherance of these objects. |
| Organisational structure |
| The trustee directors who have served during the period since the year end are set out on page 1. |
| The directors of the company are also charity trustees for the purposes of company law. Under the |
| requirements of the Memorandum and Articles of Association the trustee directors are elected to serve for a |
| period of three years after which they must be re-elected at the next Annual General Meeting. |
| The charitable company is managed by the board of trustees which comprises not less than three trustees. |
| The opportunity for appointment as a trustee is promoted widely and informal meetings for those who are |
| potentially interested in becoming trustees are undertaken to inform them of the charity and the role and |
| responsibilities of the trustees |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Jubilee Fields Community Association |
| Independent examiner's report to the trustees of Jubilee Fields Community Association ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2025. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 examiner's 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: |
| 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 accounting 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. |
| Mr Nigel Rea FCA |
| Mitchells Grievson |
| Chartered Accountants |
| Kensington House |
| 3 Kensington |
| Bishop Auckland |
| Co. Durham |
| DL14 6HX |
| 3 June 2025 |
| JUBILEE FIELDS COMMUNITY ASSOCIATION |
| Statement of Financial Activities |
| for the year ended 31 January 2025 |
| 2025 | 2024 |
| Unrestricted | Restricted | Total | Total |
| funds | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Charitable activities | 4 |
| Other trading activities | 2 |
| Investment income | 3 |
| Total |
| EXPENDITURE ON |
| Charitable activities | 5 |
| NET INCOME/(EXPENDITURE) | ( |
) |
| Transfers between funds | 13 | 16,531 | (16,531 | ) | - | - |
| Net movement in funds | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 423,161 |
| JUBILEE FIELDS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 05317292) |
| Balance Sheet |
| 31 January 2025 |
| 2025 | 2024 |
| Unrestricted | Restricted | Total | Total |
| funds | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 10 |
| CURRENT ASSETS |
| Debtors | 11 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 12 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 13 |
| Unrestricted funds | 392,684 |
| Restricted funds | 30,477 |
| TOTAL FUNDS | 423,161 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| JUBILEE FIELDS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 05317292) |
| Balance Sheet - continued |
| 31 January 2025 |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| JUBILEE FIELDS COMMUNITY ASSOCIATION |
| Notes to the Financial Statements |
| for the year ended 31 January 2025 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| 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 | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| 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. |
| 2. | OTHER TRADING ACTIVITIES |
| 2025 | 2024 |
| £ | £ |
| Fundraising events |
| JUBILEE FIELDS COMMUNITY ASSOCIATION |
| Notes to the Financial Statements - continued |
| for the year ended 31 January 2025 |
| 3. | INVESTMENT INCOME |
| 2025 | 2024 |
| £ | £ |
| Deposit account interest |
| 4. | INCOME FROM CHARITABLE ACTIVITIES |
| 2025 | 2024 |
| Activity | £ | £ |
| Income from activities | Funding for salaries and centre costs | 41,250 | 37,310 |
| Grants | Funding for salaries and centre costs | 111,112 | 88,106 |
| Grants received, included in the above, are as follows: |
| 2025 | 2024 |
| £ | £ |
| Durham County Council | 25,110 | 3,805 |
| Pioneering Care Partnership | 250 | 500 |
| Mears Foundation | - | 100 |
| The Frank & Phillis Scotto Trust Fund | 3,745 | 3,320 |
| Livin - Community Regeneration Fund | 8,908 | 2,000 |
| Shildon Town Council | - | 1,100 |
| County Durham Community Foundation/Point North | 16,000 | 6,976 |
| PPG Colourful Communities | - | 36,030 |
| Barclays | - | 1,000 |
| Barbour Foundation | - | 2,000 |
| Sir James Knott | - | 5,000 |
| National Lottery Reaching Community Fund | 13,290 | 6,500 |
| Northern Powergrid Foundation | - | 19,775 |
| UK Shared Prosperity Fund | 28,809 | - |
| Durham Community Action | 5,000 | - |
| Ballinger Charitable Trust | 10,000 | - |
| 111,112 | 88,106 |
| 5. | CHARITABLE ACTIVITIES COSTS |
| Direct | Support |
| Costs | costs | Totals |
| £ | £ | £ |
| Funding for salaries and centre costs | 91,628 | 56,485 | 148,113 |
| JUBILEE FIELDS COMMUNITY ASSOCIATION |
| Notes to the Financial Statements - continued |
| for the year ended 31 January 2025 |
| 6. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2025 | 2024 |
| £ | £ |
| Depreciation - owned assets |
| 7. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 January 2025 nor for the year ended 31 January 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024. |
| 8. | STAFF COSTS |
| 2025 | 2024 |
| £ | £ |
| Wages and salaries |
| 40,915 | 32,302 |
| The average monthly number of employees during the year was as follows: |
| 2025 | 2024 |
| Management and administration |
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| funds | fund | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Charitable activities |
| Other trading activities |
| Investment income |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) |
| Transfers between funds | 19,775 | (19,775 | ) | - |
| JUBILEE FIELDS COMMUNITY ASSOCIATION |
| Notes to the Financial Statements - continued |
| for the year ended 31 January 2025 |
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
| Unrestricted | Restricted | Total |
| funds | fund | funds |
| £ | £ | £ |
| Net movement in funds | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 396,233 | 26,097 |
| TOTAL FUNDS CARRIED FORWARD | 392,684 | 30,477 | 423,161 |
| 10. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 February 2024 |
| Additions |
| At 31 January 2025 |
| DEPRECIATION |
| At 1 February 2024 |
| Charge for year |
| At 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| At 31 January 2024 |
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| JUBILEE FIELDS COMMUNITY ASSOCIATION |
| Notes to the Financial Statements - continued |
| for the year ended 31 January 2025 |
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other creditors |
| Accrued expenses |
| 13. | MOVEMENT IN FUNDS |
| Net | Transfers |
| movement | between | At |
| At 1.2.24 | in funds | funds | 31.1.25 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 13,468 | (1,992 | ) | 13,244 | 24,720 |
| Designated | 379,216 | - | 3,287 | 382,503 |
| (1,992 | ) |
| Restricted funds |
| Restricted | 30,477 | 11,067 | (16,531 | ) | 25,013 |
| TOTAL FUNDS | 9,075 | 432,236 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 54,493 | (56,485 | ) | (1,992 | ) |
| Restricted funds |
| Restricted | 102,695 | (91,628 | ) | 11,067 |
| TOTAL FUNDS | ( |
) | 9,075 |
| JUBILEE FIELDS COMMUNITY ASSOCIATION |
| Notes to the Financial Statements - continued |
| for the year ended 31 January 2025 |
| 13. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net | Transfers |
| movement | between | At |
| At 1.2.23 | in funds | funds | 31.1.24 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 25,120 | (23,324 | ) | 11,672 | 13,468 |
| Designated | 371,113 | - | 8,103 | 379,216 |
| 396,233 | (23,324 | ) | 19,775 | 392,684 |
| Restricted funds |
| Restricted | 26,097 | 24,155 | (19,775 | ) | 30,477 |
| TOTAL FUNDS | 422,330 | 831 | - | 423,161 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 37,423 | (60,747 | ) | (23,324 | ) |
| Restricted funds |
| Restricted | 89,917 | (65,762 | ) | 24,155 |
| TOTAL FUNDS | 127,340 | (126,509 | ) | 831 |
| Transfers between funds |
| Capital Grant for purchase of Digital Equipment |
| During the year the Charity received a Capital Grant from UKSPF Community Infrastructure Funding in the sum of £16,747 to assist with digital support and equipment. Digital Equipment was purchased for the value of £16,531and therefore this has been transferred from restricted funds unrestricted (designated) funds. |
| 14. | RELATED PARTY DISCLOSURES |
| During the year, the directors and trustees of the charity hired out the community centre to other organisations with which they were also associated. The facility was made available on the same terms as are available to third party organisations. |