for the Period Ended 31 January 2026
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 January 2026
Principal activities of the company
Political and charitable donations
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
The director shown below has held office during the period of
1 February 2025
to
6 May 2025
The director shown below has held office during the period of
22 September 2025
to
31 January 2026
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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As at
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| Debtors: | 4 |
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| Creditors: amounts falling due within one year: | 5 |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 January 2026
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 January 2026
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for the Period Ended 31 January 2026
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for the Period Ended 31 January 2026
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for the Period Ended 31 January 2026
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