Charity number: 1051917
EMMANUEL CHURCH
FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31ST JANUARY 2024
EMMANUEL CHURCH
CONTENTS
| Page | |
|---|---|
| Charity information | 1 |
| Trustees report | 2-4 |
| Independent examiner’s report | 5 |
| Statement of financial activities | 6-7 |
| Balance sheet | 8 |
| Kingdom Krafts: Statement of financial activities | 9-10 |
| KingdomKrafts:Balancesheet | 11 |
EMMANUEL CHURCH
CHARITY INFORMATION
CHARITY NUMBER
GOVERNING INSTRUMENT
TRUSTEES
TREASURER
PRINCIPAL ADDRESS
BANKERS
INDEPENDENT EXAMINER
1051917
Trust deed
Mrs Camilla Fisher Mrs Denise Picton Mr Stephen Russell
Mr Mike Picton
Emmanuel Christian Centre Lloyd Street Llandudno LL30 2YA
Natwest 62 Mostyn Street Llandudno LL30 2SN
Mr Richard Nichols 1 Bryn Asaph Cottages Upper Denbigh Road ST ASAPH LL17 OBH
1
EMMANUEL CHURCH
REPORT OF THE TRUSTEES FOR THE 12 MONTHS ENDING 31st JANUARY 2024
The Trustees present their report and financial statements of the charity for the 12 months ended 31st January 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 8 and comply with the charity’s trust deed and applicable law.
Objectives and activities of the charity
The church exists for the proclaiming and furtherance of the Gospel of God concerning His Son, Jesus Christ our Lord; and the preaching and teaching of the Word of God, in accordance with the essential doctrines and articles of belief listed in the constitution.
Governance, Management and Trustees
The church is governed by elders elected by the membership, supported by the rest of the Church Council, who are appointed by the elders from among the membership.
All these trustees are shown on page 1.
Elders as of the 3ist January 2024 were Stephen Russell.
The constitution sets out the operating procedures of the Church.
Trustees’ responsibilities in relation to the financial statements
Law applicable to charities in England and Wales require the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity’s financial activities during the year, and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
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i select suitable accounting policies and then apply them consistently * make judgements and estimates that are reasonable and prudent * state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements
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- prepare the financial statements on the going concerned basis, unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy, at any time, the financial position of the charity, and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity, and hence, for taking reasonable steps for the prevention of fraud and other irregularities.
2
EMMANUEL CHURCH
REPORT OF THE TRUSTEES FOR THE 12 MONTHS ENDED 31st JANUARY 2024 Continued
Reserves policy
No formal policy on reserves is in place.
ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW
Financial review and investment policy
Full details of the financial transactions are contained in the attached accounts. Total incoming resources for the period were £46,251 (2023 £41,623) After deducting resources expended of £50,337 (2023 £49,517) the excess of expenditure over income amounted to £-4,086 compared with an excess of expenditure over income of -£7,894 the previous year.
The net unrestricted assets of the charity at 31st January 2024 were £154,792. The above figures reflect the financial position of the charity, which includes Kingdom Krafts as well as Emmanuel Church.
Review of activities
We continued to hold regular prayer meetings on the first Wednesday evening of the month, and bring-&-share meals on the first Sunday of the month after the service, including a Christmas dinner in December, provided by FoodShare.
We hosted 2 birthday parties during the year, along with a fundraising meal for about 100 people, and a dedication service for a baby born to church members.
We ran a First Aid course, a meeting for Dementia Awareness. There was an Easter Crafternoon at the end of March and a Christmas Crafternoon in November. Both were well received.
The church was open on the Saturday of the Victorian Extravaganza in April. We had refreshments with cakes, a craft stall, and a model railway exhibition. We did the same for the Christmas Extravaganza in November.
We continued to open the church on Wednesday mornings for Tea & Toast and FoodShare, who again cooked around 600 Christmas dinners to be delivered to folk in need during the week preceding Christmas. We held Open House at various folks’ homes on Wednesday evenings during August.
We held our first wedding since 2017 in September. We had a great planning/decorating team who transformed the church for the day to make it so special for the happy couple.
September was also Prayer Month. Margaret Wright wrote a devotion for each day of the month, which was emailed out to everyone (those without email were given paper copies). We started the month and rounded it off with a basic soup and a roll style lunch after the service, followed by a prayer meeting
3
EMMANUEL CHURCH
REPORT OF THE TRUSTEES FOR THE 12 MONTHS ENDED 315 JANUARY 2024 Continued
Members
As at 315 January 2024 our membership stood at 42.
Community benefit
As shown in the financial statements, £13,152 was donated to worthy causes (advancement of religion and education, and relief of those in need), which amounts to 28.44% of our total income. The church provides an opportunity for visitors and local people to worship and develop their Christian faith. Most meetings are open to the public, and the Sunday congregation regularly includes a wide variety of people, including foreign nationals, the employed, self-employed, volunteers, retired, homeless, and those with learning difficulties and mental illness.
Bible teaching given includes encouragement to follow the example set by Jesus in serving others, reaching out to the marginalised, helping those in need, and encouraging others to seek God and follow Jesus themselves. Children learn the same things, in appropriate ways in their classes.
Approved by the trustees and signed on their behalf by:
Name in capitals: MiKe PLC TONS Date: YE. OF. AWAK Signature: os \ A—-)-——~.
4
Emmanuel Christian Centre
Notes forming part of the financial statements for the year ended 31st January 2024
1.Principal accounting policies
A. Accounting Convention
The financial statements are prepared under the historical convention as modified by the inclusion of investments at market value and in accordance with the Financial Reporting Standard for Smaller Entities. In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice "Accounting and Reporting by Charities”.
B. Incoming Resources
Income is accounted for when it is received.
C.Resources Expended
Expenditure is included on an accruals basis and provision is included in the financial staternents for all known liabilities at the balance sheet date.
| Note | Unrestricted | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|---|
| 31.1.24 | 31.1.24 | 31.1.24 | 31.1.23 | |||
| 2. Resources expended | ||||||
| Direct Charitable Expenditure | ||||||
| Special Offerings | 0 | 0 | 0 | 0 | ||
| Pastoral Ministry & Expenses | 13,152 | 11,120 | ||||
| Mission & other Charitible Gifts | 2,550 | 5,960 | ||||
| Provision & Insurance | 3,921 | 3,317 | ||||
| Administration Costs | 28,914 | 27,096 | ||||
| Depreciation | 1,800 | 2,024 | ||||
| 50,337 | 49,517 | |||||
| 3. Fixed Assets | Leasehold | & | Fixtures & | Total | ||
| Lease Buildings _‘Fittings | Fittings | |||||
| Cost | ||||||
| At ist February 2023 | 233,960 | 38,842 | 272,802 | |||
| Additions | 0 | 0 | 0 | |||
| At 31stJanuary 2023 | 233,960 | 38,842 | 272,802 | |||
| Depreciation | ||||||
| At 1st February 2023 | 113,712 | 37,262 | 150,974 | |||
| Charge for the Year | 800 | 1,000 | 1,800 | |||
| At 31stJanuary 2024 | 114,512 | 38,262 | 152,774 | |||
| Written Down Value | ||||||
| 31stJanuary 2024 | 119,448 | 580 | 120,028 | |||
| 31stJanuary2023 | 120,248 | 1,580 | 121,828 |
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There were no debtors during the financial year.
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There were no creditors during the financial year.
Emmanuel Christian Centre
Statement of Financial Activities for
the Year Ended 31st January 2024
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Total|
|31.1.24|31.1.24|31.1.24|31.1.23|
|Note|
|Reseources|
|Offerings|&|Direct|Giving|38,112|38,112|41,538|
|Foodshare|-|rental|income|7,500|7,500|e)|
|Tea|&|Toast|89|89|0|
|Bank|interest|334|334|85|
|Gift Aid Tax|Refund|fe)|0|fe)|
|Carpet|fund|216|216|ie)|
|Total|for the|Year|46,251|46,251|41,623|
|Expended|
|Direct|Charitable|Expenditure|2|50,337|49,517|
|Net|Incoming|Resources|-4,086|-7,894|
|Transfers|i)|0|
|Net|Movement|in|Funds|-4,086|-7,894|
|Balance|at|1st|February|2023|158,878|166,772|
|Balance|at|31st January|2024|154,792|158,878|
----- End of picture text -----
Incoming Reseources
Resources Expended
Emmanuel Christian Centre Profit And Loss Account For the year ended 31 January 2024
| 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Income | Offerings& direct giving | £38,112.00 | |||||
| interest | £334.00 | ||||||
| Rental income - Foodshare | £7,500.00 | ||||||
| Tea & Toast | £89.00 | ||||||
| Carpet fund | £216.00 | ||||||
| £46,251.00 | £41,623.00 | ||||||
| Expenses | Accountants fees | -£400.00 | -£400.00 | ||||
| Advertising | £0.00 | -£32.00 | |||||
| Catering | £0.00 | -£117.00 | |||||
| Christmas decorations | -£104.00 | £0.00 | |||||
| CHU UK | -£1,800.00 | -£2,340.00 | |||||
| Cleaning | -£2,303.00 | -£2,215.00 | |||||
| Cleaning materials | -£218.00 | £0.00 | |||||
| Coffee | -£29.00 | -£22.00 | |||||
| Communion wine | £0.00 | -£107.00 | |||||
| Contractor | -£1,440.00 | £0.00 | |||||
| Dalit Freedom | £0.00 | -£40.00 | |||||
| DBS | -£157.00 | -£255.00 | |||||
| Electric | -£6,113.00 | £0.00 | |||||
| Ewan McGregor | -£1,336.00 | -£150.00 | |||||
| Gas | -£4,067.00 | £0.00 | |||||
| Gift to Leon Greenhalgh | £0.00 | -£200.00 | |||||
| Giftto NicoSaaiman | £0.00 | -£250.00 | |||||
| Gift to Ruth Dean | -£200.00 | £0.00 | |||||
| Healing the Nation | -£100.00 | -£1,200.00 | |||||
| Insurance | -£3,921.00 | -£3,317.00 | |||||
| Lanyards | -£126.00 | £0.00 | |||||
| Light & heat | £0.00 | -£2,929.00 | |||||
| Outreach | £0.00 | -£146.00 | |||||
| Pest control | -£768.00 | £0.00 | |||||
| Postage& stationery | -£18.00 | -£1,022.00 | |||||
| Preaching | -£862.00 | £0.00 | |||||
| Property maintenance | -£5,171.00 | -£13,337.00 | |||||
| Publications | -£23.00 | -£445.00 | |||||
| Purchase of blade flags | ~£183.00 | -£361.00 | |||||
| Purchase of dishwasher | -£154.00 | £0.00 | |||||
| Purchase of Henryvacuum clea | £0.00 | -£120.00 | |||||
| Purchase ofLaptop | £0.00 | -£499.00 | |||||
| Purchase ofLecturn | -£60.00 | £0.00 | |||||
| Purchaseof printer | £0.00 | -£188.00 | |||||
| Purchaseoftoaster | £0.00 | -£60.00 | |||||
| Rates | £0.00 | -£546.00 | |||||
| Refreshments | -£227.00 | £0.00 | |||||
| Rent | -£3,001.00 | -£3,001.00 | |||||
| Repairs | £0.00 | -£278.00 | |||||
| Resources | -£342.00 | £0.00 | |||||
| Shevet Achim | -£650.00 | -£1,380.00 | |||||
| Skip hire | £0.00 | -£74.00 | |||||
| Speaker | £0.00 | -£200.00 | |||||
| Steve Russell | -£12,290.00 | -£11,120.00 | |||||
| Subscription | £0.00 | -£70.00 | |||||
| Sundry | £0.00 | -£50.00 | |||||
| Telephone | -£616.00 | -£618.00 | |||||
| Training course | -£403.00 | -£67.00 | |||||
| Ukraine Appeal | £0.00 | -£1,000.00 | |||||
| Waste disposal | -£756.00 | £0.00 | |||||
| Water rates | -£536.00 | -£428.00 | |||||
| Website | -£163.00 | -£182.00 | |||||
| Depreciation | -£1,800.00 | -£2,024.00 | |||||
| -£50,337.00 | -£50,745.00 | ||||||
| NETLOSS | -£4,086.00 | -£9,122.00 |
Emmanuel Christian Centre Balance Sheet at 31st January 2024
31.1.24
31.1.23
Note
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Fixed Assets 3 120,028 121,828
Current Assets
Debtors 4 0 0
Bank & Cash in Hand 34,764 37,050
34,764 37,050
[Sa ————————
Current Liabilities
Creditors due within 1 year 5 0 0
—ee a
Net Current Assets 34,764 37,050
154,792 158,878
Funds Employed
Restricted funds 0 0
Unrestricted funds 154,792 158,878
154,792 158,878
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Theserg statements werevapproved by the Trustees on
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| Py MeuZAG and signed
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----- End of picture text -----
[_[ KINGDOM KRAFTS 2023p p Balance Sheet as at 31 january2024 =| —S—id | 34617.53{ [Accumulated Fund brought forward [| 2149.80)2024) |-13167.73] [Add Net Profitforyear [| 1957.58 a es ee EX) A NNNTE= CITT) [[Representedby, [sd I Teirrent assets CCS paase67]——SCS~iStock SSCdSCSCSCSC~dtC‘“‘ RO Cd [i4395.7|__——S=dashatBank || isat6e0of [—_184.00|“[tashinand——+|_——SSd?CSSCttc00ofSC=d [125.03 [Debtors and Prepayments] | _sisz| = E2227) es <= SC) |piedAssets TE | 3058.37] Furnitureand Fixtures [3058.37] | | 386.44]TessTradeCuC r renteditors Liabilities[172-74 [TT RsRs iss 673 aa] a a ee |[| _24987.25|2023}eeNonVATSalesTAKINGS|ee| ee| es90.32fes Lo aga72sf26590.32] pT fcostorsates TT |_14148.69] Stockbff az9.67) || 5117.06]187.90] KKCaféitemsT6570) Goods TT taegzef a ee pasa] id[SSSCSCSCSC~STSSSCSC~Ct] TB] Cd [4739.67|——S—idess EEE SS Stock ® —«dTCSSCSC~dSCt~‘ OG]ECE)CS [s7isz—=«dGROSS PT PROF ———_-[_—( «die R nt ||| 1531920]579.20] dEpensWagesoo e s 8tz.00f TT ||| 222.00)1049.49]tois.95f[fatter] utilites electricitytelephone [066.97]| asooof | 0.00]0.00] Ca f EquipmentRéexpens e ntals |TT| tee]ofS |163.57] Office Expense | azz.zg} | 180.24] Repairs & Maintenance | | 173.94) |__-728.65]| 0.00] Advertisingtas |___o0.0o[ insurances | 67.97] | i staffexpenses | | 75.00] [| 0.00} Donation TT scoof |Po_ o .o. o fo}ss AccountAuditfeesSecurityMiscsofOT| | tosicofof SS NE reee [sie[7a]______|NeTPROFT/MOsS] 20) a [Sd ~—SCSC«d es Rent now includes payment from Beacon Books. There are no wages being paid out from Kingdom Krafts Electricity is being paid by Beacon Books. Staff Exp: travel to CRT Conference. Misc: Staff Meal at Christmas Security: MSI Alarms, Figures generally getting more in line with previous years. Accounts compiled by Pam Kirkham.
7)
4:39 PM 18/03/24 Accrual Basis
Kingdom Krafts Profit & Loss February 2023 through January 2024
$
.
| Feb '23 - Jan 24 | |
|---|---|
| Ordinary Income/Expense | |
| Income | |
| TRADING INCOME | |
| Sale of KK Goods | 26,590.32 |
| Total TRADING INCO... | 26,590.32 |
| Total Income | 26,590.32 |
| Cost of Goods Sold | |
| Cost of Goods Sold | |
| Cafe Items | 865.70 |
| KK Goods | 14,788.36 |
| Total Cost of Goods ... | 15,654.06 |
| Total COGS | 15,654.06 |
| Gross Profit | 10,936.26 |
| Expense | |
| Advertising | 125.74 |
| Cafe Expenses | 106.16 |
| Insurance Expense | 567.97 |
| Miscellaneous Expen... | 120.00 |
| Office Expense | 432.29 |
| Rent and Rates | 6,318.00 |
| Repairs and Mainten.., | 173.94 |
| Security Travel and Meetings |
105.60 375.00 |
| Utilities | |
| Telephone | 1,066.97 |
| Water Rates | 317.50 |
| Total Utilities | 1,384.47 |
| Total Expense | 9,709.14 |
| Net Ordinary Income | 1,227.12 |
| ProfitfortheYear | 1,227.12 |
10
4:55 PM 18/03/24 Accrual Basis
Kingdom Krafts UK Balance Sheet - Standard As of 31 January 2024
:
| 314 Jan 24 | |
|---|---|
| ASSETS | |
| Fixed Assets | |
| Furniture and Fixtures | 3,058.37 |
| Total Fixed Assets | 3,058.37 |
| Current Assets | |
| Other Current Assets | |
| Stock | 4,970.13 |
| Total Other Current Assets | 4,970.13 |
| Cash at bank and in hand | |
| Undeposited Funds | 51.62 |
| Cash Float | 50.00 |
| LloydsTSB | 15,316.00 |
| Petty Cash | 134.00 |
| Total Cash at bank and in hand | 15,551.62 |
| Total Current Assets | 20,521.75 |
| Current Liabilities | |
| Accounts Payable | |
| Accounts Payable | 172.74 |
| Total Accounts Payable | 172.74 |
| Total Current Liabilities | 172.74 |
| NET CURRENTASSETS | 20,349.01 |
| TOTAL ASSETS LESS CURRENT LIA... | 23,407.38 |
| NET ASSETS | 23,407.38 |
| Capital and Reserves | |
| Share Capital Account | 15,965.56 |
| Unrestricted NetAssets | 6.214.70 |
| Profit for the Year | 4,227.12 |
| Shareholderfunds | 23,407.38 |
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