JUBILEE CHURCH, COVENTRY
Latest income
£355k
Latest spending
£368k
Registered
2012
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that total funds increased by £36,532 during the year, with unrestricted funds showing a net movement of £8,564. The charity holds general reserves of £66,814, which the trustees consider sufficient to support the charity going forward on a going concern basis.
What the accounts disclose
Reserves policy: three months expenditure (held: £67k)
“Jubilee Church aims to hold the equivalent of three months expenditure as general reserves.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Grants paid to Catalyst Network of Churches, where Andrew Simpkins is a director.
“Grants of £9,960 (2022; £51,405) were paid to Catalyst Network of Churches. Andrew Simpkins has served as a Director for the Catalyst Network of Churches during this period.” — page 19
“Grants of £3,500 (2022: £4,320) were paid to Hope Coventry. Andrew Simpkins is a Trustee of Hope Coventry.” — page 19
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Grants paid to Hope Coventry, where Andrew Simpkins is a trustee.
“Grants of £9,960 (2022; £51,405) were paid to Catalyst Network of Churches. Andrew Simpkins has served as a Director for the Catalyst Network of Churches during this period.” — page 19
“Grants of £3,500 (2022: £4,320) were paid to Hope Coventry. Andrew Simpkins is a Trustee of Hope Coventry.” — page 19
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Gifts given to Motofest, where Andrew Simpkins and James Noble are directors.
“Grants of £9,960 (2022; £51,405) were paid to Catalyst Network of Churches. Andrew Simpkins has served as a Director for the Catalyst Network of Churches during this period.” — page 19
“Grants of £3,500 (2022: £4,320) were paid to Hope Coventry. Andrew Simpkins is a Trustee of Hope Coventry.” — page 19
Per its FY2023 accounts as filed with the Charity Commission.
Governance: Independent examiner noted a governance irregularity regarding trustee remuneration decisions made by a minority of trustees due to unexpected resignations, which was corrected in April 2023.
“Attention is drawn to the fact that due to an unexpected resignation of two non-employed Trustees last year, it left the charity in an unavoidable position where a majority of trustees were being paid for a period of 11 months until new Trustees were appointed to the Board in April 2023. The Trustees confirm that in line with their internal procedures, all decisions regarding compensation for the employed trustees were made by the non employed trustees. The position was corrected in April 2023.” — page 20
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2022)
Total income
£537k
Total spending
£362k
Reserves (reported)
£90k
Employees
6
Register events
- Received assets from another charity (14/11/2013)
Trustees
- ANDREW SIMPKINS
- James Richard Noble
- Joanne Bass
- John Philip Beresford
- Jonathan Hall
- Paul Ian Harrison
- Tessa Colledge
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £355k | £368k |
| 31/12/2023 | £384k | £347k |
| 31/12/2022 | £537k | £362k |
| 31/12/2021 | £315k | £285k |
| 31/12/2020 | £329k | £318k |
Common questions
Is JUBILEE CHURCH, COVENTRY financially healthy?
The accounts state that total funds increased by £36,532 during the year, with unrestricted funds showing a net movement of £8,564. The charity holds general reserves of £66,814, which the trustees consider sufficient to support the charity going forward on a going concern basis. Its FY2023 accounts were independently examined.