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REGISTERED COMPANY NUMBER: 05317292 (England and Wales)
REGISTERED CHARITY NUMBER: 1107811


































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 H Hanratty (Chair)
V Fenton (resigned 31.8.2024)
J Box (Treasurer)
S Quinn
N Hanratty
K Mortimer
D Franklin (Vice Chair) (appointed 22.5.2024)
C L Storey (appointed 22.1.2025)
N Cleasby (appointed 22.1.2025)


REGISTERED OFFICE Jubilee Fields Community Centre
Unit 3, Jubilee Road
Shildon
Co. Durham
DL4 2AL


REGISTERED COMPANY
NUMBER
05317292 (England and Wales)


REGISTERED CHARITY
NUMBER
1107811


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 3 June 2025 and signed on its behalf by:




J Box - Trustee

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
Funding for salaries and centre costs 50,117 102,245 152,362 125,416

Other trading activities 2 4,190 450 4,640 1,812
Investment income 3 186 - 186 112
Total 54,493 102,695 157,188 127,340

EXPENDITURE ON
Charitable activities 5
Funding for salaries and centre costs 56,485 91,628 148,113 126,509

NET INCOME/(EXPENDITURE) (1,992 ) 11,067 9,075 831
Transfers between funds 13 16,531 (16,531 ) - -
Net movement in funds 14,539 (5,464 ) 9,075 831

RECONCILIATION OF FUNDS
Total funds brought forward 392,684 30,477 423,161 422,330

TOTAL FUNDS CARRIED FORWARD 407,223 25,013 432,236 423,161

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 10 382,504 - 382,504 379,217

CURRENT ASSETS
Debtors 11 5,306 - 5,306 3,732
Cash at bank and in hand 21,090 25,013 46,103 41,802
26,396 25,013 51,409 45,534

CREDITORS
Amounts falling due within one year 12 (1,677 ) - (1,677 ) (1,590 )

NET CURRENT ASSETS 24,719 25,013 49,732 43,944

TOTAL ASSETS LESS CURRENT
LIABILITIES

407,223

25,013

432,236

423,161

NET ASSETS 407,223 25,013 432,236 423,161
FUNDS 13
Unrestricted funds 407,223 392,684
Restricted funds 25,013 30,477
TOTAL FUNDS 432,236 423,161

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 3 June 2025 and were signed on its behalf by:





J Box - Trustee

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 - 2% on cost
Plant and machinery - 5% on cost
Fixtures and fittings - 20% on cost

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 4,640 1,812


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 186 112

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
152,362 125,416

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 13,244 11,672

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
40,915 32,302

The average monthly number of employees during the year was as follows:

2025 2024
Management and administration 5 3

No employees received emoluments in excess of £60,000.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Funding for salaries and centre costs 37,310 88,106 125,416

Other trading activities 1 1,811 1,812
Investment income 112 - 112
Total 37,423 89,917 127,340

EXPENDITURE ON
Charitable activities
Funding for salaries and centre costs 60,747 65,762 126,509

NET INCOME/(EXPENDITURE) (23,324 ) 24,155 831
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 (3,549 ) 4,380 831

RECONCILIATION OF FUNDS
Total funds brought forward 396,233 26,097 422,330

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 571,141 19,775 8,847 599,763
Additions - - 16,531 16,531
At 31 January 2025 571,141 19,775 25,378 616,294
DEPRECIATION
At 1 February 2024 211,451 249 8,846 220,546
Charge for year 11,423 989 832 13,244
At 31 January 2025 222,874 1,238 9,678 233,790
NET BOOK VALUE
At 31 January 2025 348,267 18,537 15,700 382,504
At 31 January 2024 359,690 19,526 1 379,217

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,378 -
Other debtors 3,928 3,732
5,306 3,732


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 102 -
Accrued expenses 1,575 1,590
1,677 1,590

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
392,684 (1,992 ) 16,531 407,223
Restricted funds
Restricted 30,477 11,067 (16,531 ) 25,013

TOTAL FUNDS 423,161 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 157,188 (148,113 ) 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.