Emmanuel Church, Aylsham IfYYIXYi*.4 C.lii(*7 r¥*4xyri EMMANUEL CHURCH AYLSHAM Cawston Road Aylsham NR116BX Registered Charity No: 1046629 ANNUAL REPORT AND FINANCIAL STATEMENT FOR YEAR ENDING DECEMBER 2024 Emmanuel Church, Aylsham TABLE OF CONTENTS.......................................................................-.................................... 2. STRUCTURE, GOVERNANCE AND MANAGEMENT......................................................... GENERAL INFORMATION................................................. .................................................. REGISTERED CHARITYSTATUS....... ..............................,................................................... CONSTITUTION............. STRUCTUREANDMANAGEMENT........,.................,.....................................................,....... TRUSTEES. EXTERNALADVISERS..................,.. ..........,...............,.....................,.................,..,............ 3. CHURCH LEADERSHIP'S REPORT...................................................................................... OBJECTIVES AND PRINCIPALACTIVITIES OF THE CHARITY................................................... ACHIEVEMENTSANDPERFORMANCE............,................................................................... 4. FINANCIAL REVIEW AND RESULTS FOR THE YEAR......................................................... FINANCIAL REVIEW................................................. GRANT MAKING POLICY....................................,.. .. ...............,.. RESERVES POLICY........ ................. .............,............,...............,..................,................... REPORTOFTHE INDEPENDENTEXAMINER.. ...............................,..... ................. ............... 6. STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31ST DECEMBER 2024 7 6. NOTES TO THE FINANCIAL STATEMENT............................................................................ Emmanuel Church. Aylsham Structure, Governance and Management General Infomiation 2.1.1 Emmanuel Church Aylsham - Principal Address Cawston Road Aylsham Norfolk NR116BX Registered Charity Status Emmanuel Church Aylsham is registered with the Charity Commission Number 1046629. Constitutlon A Trust Deed made on 14th February 1995 is the governing document of Emmanuel Church Aylsham. The church was formed as a result of the amalgamation of the congregation formerly meeting at The Cawston Road Chapel and the congregation fomierly meeting at the Baptist Chapel, l+Vhite Hart Street, Aylsham. The congregation now meets regularly at Cawston Road Chapel and are the holding Trustees of the 1995 Trust Deed, based upon the Fairbaim Trust model, for this property. The present Church Leadership is shown in section 2.5. the external adviser8 of the Charity are shown in section 2.6. Structure and Management The Church is a charitable trust established by the Trust Deed dated 14th February 1995. Members of the Church Leadership a8 shown in section 2.5, with the exception of the Minister(s), are appointed by majority vote taken at a meeting of the Church in General Meeting in accordance with the Trust Deed. They are appointed by the Church Membership annually at the AGM but may resign at any time, or may be removed from Offi￿ by a two- thirds majority vote at a meeting of the Church in General Meeting. Elders share with the Minister(s) in the overall spiritual oversight of the Church and in particular in the roles of pastoral care, teaching and discipleship. Together with the Minister(s) they oversee and coordinate the vision and ministry of the church. Members of the Church Leadership, other than the Minister(s) are appointed by the Church in General Meeting to serve as Leaders, with similar appointment for the Treasurer. Church Membership shall be open to those who profess repentance before God and faith in Jesus Christ as Saviour and Lord and who indicate agreement to our Basis of Belief. Acceptance as a member of the church follows agreement with our Basis of Belief and signing the Church's Membership Book. Trustees The elected members of the Church Leadership, excluding the Minister(s), become the Trustees of the charity on election to office. Members of the Church Leadership The Church Leadership currently comprises an elected Leadership Team, there is currently no pastor in post. Emmanuel Church, Aylsham At the Annual General Meeting 191h May 2024 the following Leaders agreed to serve on the Leadership Team for the forthcoming year: Byron Jones, Helen Daniels, Liz Goddard, Joy Harrow, Faith Lynch and Di Scott. Since that time the Leaders have decided to retain the following 5 Trustees: Byron Jones Yvonne Westwood Helen Daniels Diane Scott Caroline O'Grady These are currently registered with the Charity Commission. Statsment of Responslbllltles The Church Leadership is responsible for the preparation of the financial statements for each financial year, which give a true and fair view of the Church's incoming reSoUr￿S and application of resources during the year and of its state of affairs at the end of the period. In preparing those financial statements, the Church Leadership.. selects suitable accounting policie8 and then applies them consistently. makes judgments and estimates that are reasonable and prudent. prepares the accounts on the going concern basis unless it is inappropriate to presume that the Church will continue in operation. The Church Leadership is responsible for keeping proper accounting records which disclose with ￿asOnable accuracy at any time the financial position of the Church and enable them to ensure that the financial statements comply with the Charities Act 1993. The Leadership is also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and breaches of law and regulations. Governance Intemal controls over all forms of commitment and expenditure continue to be refined to improve efficiency. Processes are in place to ensure that performance is monitored, and that appropriate management information is prepared and reviewed regularly by both the Church Leadership and the Church Members. The systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss. They include: regular consideration by the Church Leadership and Church Members of finances. delegation of day-to-day management authority and segregation of duties. Identification and management of risks. Extsrnal Advlsers Bankers CafBank Bank, 25 Klngs Hlll Avenue. Kent ME19 4JQ Kingdom Bank, Padge Road, Beeston, Notts NG9 2RS Independent Examlner Graeme Johnston Emmanuel Church, Aylsham 3. Church Leadership'8 Report 3.1 Objectives and Principal Activities of The Charlty Objects Use of Cawston Road Chapel as a pla￿ of public worship for the service of Almighty God. place for the instruction of children or adults or as a church hall or to further the religious and other charitable work of the congregations formerly meeting at those places for religious worship and for such other charitable purposes a8 may from time to time be endorsed by the Church in General Meeting place for maintaining and practising the doctrine and rite of the baptism of believers The consent of the Charity Commission has been obtained to amend the Charities objects to: b) (1) The advancement of the Christian Faith, education and any other charitable purposes in the United Kingdom andlor other parts of the world Our Activities Gathering together frequently for worship in prayer and praise. %• Remembering the Lord Jesu8 Christ as we celebrate Communion. + Learning together as we study the Bible, encouraging each other in the faith. Proclaiming the Gospel to adults, young people and children, helping them to understand what it means. Baptising believers by total immersion. % Dedicating babies and Small children to the Lord. •• Serling the community as best we can. + Showing a concern for the physical and spiritual wellbeing of the whole world 3.2 Achlevemonts and Pèrformance The church building has been used extensively during the week by the Church and Community during the year and the congregation has engaged with community events in the town wrth Churches Together in Aylsham. The Church expressed its part in the life of the wider church by making grants to national and intemational Christian organisations and societies with Christian aims and objectives compatible with the Church's own charitable purpose. This has included support, financially and through prayer for the Bible Society, Leprosy Mission, Songs of Hope and Freedom, Mission Aviation Fellowship and Trans Wodd Radio, Release International and Tearfund. The Church meets every Sunday for worship and teaching of the Christian Faith, as well as other midweek Bible Study and Prayer Time. The meetings of the Church are open to all in the community, and the Church actively seeks to engage wrth the wider community in its activities. The Leadership Team meets monthly during the year and members are regularly infomied and consulted regarding church activities at Members Meetings held 4 times during the year. Reports of the activities of the church were provided with the Accounts for approval at the AGM held on 28 May 2024 The charity trustees have complied with the duty in section 4 of the Charities Act 2006 to have due ￿gard to public benefit guidance published by the Charity Commission. Emmanuel Church, Aytsham 4. Financial Review and Results For The Yaar 4.1 Financial Review During tha 12 months to 31 De￿rnber 2024 the Church had a total income of £70,997 (2023: £54,824). Offerings and Donations together with the Income Tax Refunds at £61,065 have increased from the previous year (£39,874). Giving to support the wider work of Mission amounted to £1,350 {2023 . £930). Charitsble Expenditure was lower than on the previous year at £41,542{2023'. £129,054), largely due to finalizing the ConstructionlBuildings Works. Totsl funds increased to £52,070 {2023 £22,615). The available funds will be used to complete the final refurbishment and repay the loan. The Church Leadership is confident that the current funds together with fvture income, will be sufficient to meet future commitments. 4.2 Grant Making Policy Grants from the Pastoral Fund The Pastoral Fund exists to help the needy and to emulate the early church in the way it cared for its poorer members. In order that requests for the Pastoral Fund can be responded to rapidly, the Church Leadership has delegated decision-making on these requests to the Leaders. Two signatories must approve any grant. Other Grants The Church actively supports the wider work of Mission through the setting aside of a part of rts annual income for the support of organisations engaged in Mission. The amount and the recipients of grfts are agreed annually by Church Members at a Church Meeting. 4.3 R888rvas Pollcy The Church believes in the grace of God to provide for its financial needs as they arlse through the giving of its members and others. In principle, the Church believes that monies given should be utilised for the furtherance of the work of the Church as soon as is practical and 18 consistent with an orderly and responsible stewardship of the funds and Ihe work of the Church. In practice, in the view of the Church Leadership, free reserves (after Setting aside funds earmarked for specific projects), should be approximately 3 months normal recurrlng unrestricted expenditure. As at 31 December 2024 the Church had three months, unrestricted free reseNes of £3,000 4.4 Report of thè Independent Examlner I have completed my examination of the accounts to 31° December 2024. 1 confinn that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of tho Tru8t 88 requirod by 8edon 130 of the Art or 2. th8 accounts do not accord with those rocord8. I have no concems and have come across no othor matters In connectlon wtth th8 examlnatlon to which attentton 8hould bo drawn in Ihls report in order to enablo a proper understanding of the accounts to be reached Dated C2 . 03. GfaeTh Johnston, Emmanuel Church, Aylsham Statement of Flnanclal Actlvities for the Year ended 31st December 2024 Unrostrict Rostrlcted Totsl Fund8 Total Funds Notes od Fund8 Fund• 2024 2023 Incomlng Resourc88 Voluntary income Offerings and donations inc Gfft Aid Tax recoverable Specific giving for Mlssion Miscèllaneous Investment income Bank interest received other incoming resources Room lettings Building Fund 61.065 61.065 39,874 640 9,292 9,292 14960 Total Incomlng Resource8 54,824 R•8ourco8 Expended Charttable Actlvttias.. Mission Ministry Materlals and Youth Work Premlses Pastoral gift8 Miscellaneous 1,350 4,842 1,350 4.842 930 3,372 35,350 35,350 124,752 Total Ro8ourcM Expnded ' 129 054 NET INCOMING I {OlnGOING} RE80URCU b•foyo TMn•f•rn Transfers between funds 29,455 29.455 -74,230 NEf INCOMING I (OUTGOING) RESOURCES after Tran¥hrn 29A56 29N55 -74,230 Balances brought forward Loan 22.615 22,615 31,845 80,000 B•lanco• cathed forward 22,615 Approved by the Church Leadership on ZA - 2025 and slgned an its behalf by Diane Scott, Treasurerrrrustee Helen Daniels, Trustee.. Emmanuel Church, Aylsham The Notes numbered 1 to 4 fomi part of these accounts. 1 Accountlng Policies Basis of Preparation The accounts are prepared on a 'receipts and payments, basis. Thus all income is recognised as received. and paym8nts as made. Da8lgnated Funds Designated funds are used for gifts received for Mission purp05eB, and for the Pastoral Fund of the Church. The Leadership has designated out of the unrestricted funds £23,000 to repay the church loan and £20.000 towards the Office build. An analysis of the designated funds is shown below.. Loan Fund Office 3 Months reserve Unallocated £23,000 £20,000 £3,000 £62,070 2 M1881on UnRe8trlctod Fund8 MAF 200 200 200 The Bible Society Tearfund Release Int'l Leprosy Mi$8ion Grass Roots Other 200 200 350 3 Mlnl•try Unr88trlcted Fund Salar188 and associated costs Subscriptions, slation8ry, Postage and photocopier cost8 (Minislers) Leaders expenseslmeetings & Events CRBlsafeguarding Book-Keeping 2,441 1,431 281 690 4 Premises Unre8trlct•d Fund8 Cleaning salaries Propety expenditure Healing & Lighting Telephone & Internet Premises hi￿ costs Water Insurance& Sundry Bulldlng ProJè¢t: Initial Costs .. SuNeys & Contracts Costs per Architect Design 1,201 5,275 1,431 933 26,224