JUBILEE FIELDS COMMUNITY ASSOCIATION

Company limited by guarantee

Company Registration Number:
05317292 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2026

Period of accounts

Start date: 1 February 2025

End date: 31 January 2026

JUBILEE FIELDS COMMUNITY ASSOCIATION

Contents of the Financial Statements

for the Period Ended 31 January 2026

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

JUBILEE FIELDS COMMUNITY ASSOCIATION

Directors' report period ended 31 January 2026

The directors present their report with the financial statements of the company for the period ended 31 January 2026

Principal activities of the company

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 2026. 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. 2025 has been another strong and productive year for Jubilee Fields Community Centre, as we continue to grow our reach and strengthen our role as a welcoming and well-used hub for the local community. Building on the progress made following our governance and staffing review, we have further strengthened the board this year through the recruitment of a new trustee with specialist expertise in accounting. This has enhanced our financial oversight and supports strong, transparent governance as the organisation continues to develop. Significant activities In response to a continued increase in footfall and demand for services, we have expanded our staff team by appointing two new members of staff. This investment in capacity has ensured that the centre can continue to operate effectively, safely, and responsively for all users. A key achievement this year has been securing funding through the Community Spaces Partnership to improve the long-term sustainability of our building. This funding has enabled us to upgrade our heating system to a more economical and energy-efficient solution, significantly improving comfort while reducing running costs. We are also due to have new windows installed in the coming months, which will further enhance the environmental performance of the building and reduce energy consumption. We were also proud to launch our new Digital Hub, made possible through funding from the UK Shared Prosperity Fund. The Digital Hub provides vital support to the local community, helping individuals with job searches, CV writing, online forms, and developing essential digital skills. This work links closely with Durham Learn digital inclusion initiatives, ensuring residents are better equipped to access opportunities and services online. This year also saw the introduction of new youth provision, offering safe, engaging activities and targeted support for young people. These sessions help to build confidence, develop skills, and encourage positive social connections within a supportive environment. A major success has been the launch of the Family Hub, which has filled a long-standing gap in local support for parents and carers. The Family Hub offers advice, peer support, and wellbeing activities, and has already become a valued resource for families within the community. Alongside these developments, our staff and volunteers have continued to deliver a wide range of services that support health, wellbeing, employability, and social connection for people of all ages. Participation remains high, reflecting renewed confidence in community spaces and the relevance of the services we provide.

Political and charitable donations

We remain extremely grateful to our funders, partners, volunteers, and supporters for their continued encouragement and investment. Their support enables Jubilee Fields Community Centre to deliver inclusive, high-quality services and to plan confidently for the future. As we move forward, we are well placed to build on this success and continue making a positive and lasting difference within our community. A huge thank you goes to the following funders and partners for their continued support: Asda Foundation The Ballinger Trust County Durham Community Foundation Durham Community Action Durham County Council Livin Mears Group National Lottery Reaching Community Fund Northern Heartlands PPG Colourful Communities Pioneering Care Partnership (PCP) Place Lab Point North Shildon Town Council and the Mayors Fund The Banks Group The Barbour Foundation The Scotto Charitable Trust UK Shared Prosperity Funding

Additional information

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 £387,878 (2025 - £382,503) . Working capital reserves of £40,835 (2025 - £24,719) 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



Directors

The directors shown below have held office during the whole of the period from
1 February 2025 to 31 January 2026

H Hanratty
J Box
S Quinn
N Hanratty
D Franklin
C L Storey
N Cleasby


The director shown below has held office during the period of
1 February 2025 to 6 May 2025

K Mortimer


The director shown below has held office during the period of
22 September 2025 to 31 January 2026

K Vasey


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 April 2026

And signed on behalf of the board by:
Name: J Box
Status: Director

JUBILEE FIELDS COMMUNITY ASSOCIATION

Profit And Loss Account

for the Period Ended 31 January 2026

2026 2025


£

£
Turnover: 162,233 157,188
Cost of sales: ( 143,317 ) ( 148,113 )
Gross profit(or loss): 18,916 9,075
Operating profit(or loss): 18,916 9,075
Profit(or loss) before tax: 18,916 9,075
Profit(or loss) for the financial year: 18,916 9,075

JUBILEE FIELDS COMMUNITY ASSOCIATION

Balance sheet

As at 31 January 2026

Notes 2026 2025


£

£
Fixed assets
Tangible assets: 3 387,878 382,504
Total fixed assets: 387,878 382,504
Current assets
Debtors: 4 20,277 5,306
Cash at bank and in hand: 66,798 46,103
Total current assets: 87,075 51,409
Creditors: amounts falling due within one year: 5 ( 3,475 ) ( 1,677 )
Net current assets (liabilities): 83,600 49,732
Total assets less current liabilities: 471,478 432,236
Accruals and deferred income: ( 20,326 ) 0
Total net assets (liabilities): 451,152 432,236
Members' funds
Profit and loss account: 451,152 432,236
Total members' funds: 451,152 432,236

The notes form part of these financial statements

JUBILEE FIELDS COMMUNITY ASSOCIATION

Balance sheet statements

For the year ending 31 January 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 April 2026
and signed on behalf of the board by:

Name: J Box
Status: Director

The notes form part of these financial statements

JUBILEE FIELDS COMMUNITY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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.

    Tangible fixed assets depreciation policy

    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 Improvements to property - 4% on cost Plant and machinery - 5% on cost Fixtures and fittings - 20% on cost

    Other accounting policies

    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.

JUBILEE FIELDS COMMUNITY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 2. Employees

    2026 2025
    Average number of employees during the period 7 5

JUBILEE FIELDS COMMUNITY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 January 2026

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2025 571,141 19,775 25,378 616,294
Additions 21,452 21,452
Disposals
Revaluations
Transfers
At 31 January 2026 592,593 19,775 25,378 637,746
Depreciation
At 1 February 2025 222,874 1,238 9,678 233,790
Charge for year 11,783 989 3,306 16,078
On disposals
Other adjustments
At 31 January 2026 234,657 2,227 12,984 249,868
Net book value
At 31 January 2026 357,936 17,548 12,394 387,878
At 31 January 2025 348,267 18,537 15,700 382,504

JUBILEE FIELDS COMMUNITY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 January 2026

4. Debtors

2026 2025
£ £
Trade debtors 120 1,378
Prepayments and accrued income 16,125
Other debtors 4,032 3,928
Total 20,277 5,306

JUBILEE FIELDS COMMUNITY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 January 2026

5. Creditors: amounts falling due within one year note

2026 2025
£ £
Accruals and deferred income 1,480 1,575
Other creditors 1,995 102
Total 3,475 1,677