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2023-08-31-accounts

EMMANUEL COMMUNITY CHURCH

FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31ST AUGUST 2023

FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31ST AUGUST 2023

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Index
Page
General information 2
Trustees report 3
Statement of the trustees responsibilities 4
Independent examiners report 5
Statements of financial activities 6
Balance sheet 7
Notes to the financial statements 8-9
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1

General information

Trustees: Mr Antony John Walsh Mr Geoffrey John McDonald Mrs Christine Walsh Mrs Ida Ferguson Charity correspondent: Mrs Christine Walsh Correspondence address: 2 Dalton Road Barrow-in-Furness Cumbria LA14 2HD Independent examiner: J F Hornby, FCA Chartered Accountant Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ Registered charity number: 1052192 Bankers: Reliance Bank Limited Faith House 23-24 Lovat Lane London EC3R 8EB

2

Trustees report for the financial year ended 31st August 2023

The trustees present their report with the financial statements of the charity for the year ended 31st August 2023. 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 2015).

Structure, governance and management

The charity is a trust. The governing document is the trust deed dated 6th May 2018.

The charity is governed by its trustees who are responsible for the management of the charitable activities.

The trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurances against fraud and error.

The trustees who served during the financial year and currently serve are detailed on page 2.

Trustees

The appointment of new trustees is made by the trustees holding office.

Objectives and activities

The object of the charity and the church are for the benefit of the public to:

Achievements and performance

The charity fulfilled its objects during the financial year.

Financial review

An operating deficit of £17,860 (2022: surplus £18,943) arose during the financial year. The trust had accumulated funds of £285,237 (2022: £303,097) which are considered adequate to ensure continuance of its operations.

Public benefit

The trustees confirm they have compiled with their duty under section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission and consider that the pursuit of the trust's objectives through the activities described above is consistent therewith.

Safeguarding and vulnerable people

The charity has a safeguarding policy and all relevant trustees, employees and volunteers hold valid certificates from the Disclosure and Barring Service.

Basis of preparation

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) "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); Financial reporting standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception depreciation is not provided on tangible fixed assets.

Approved by order of the board of trustees on 13th May 2023 and signed on its behalf by:

Mr Antony John Walsh - Trustee

3

Statement of the trustees responsibilities in respect of the preparation of the financial statements

The trustees are required to prepare accounts that give a true and fair view of the state of affairs of the charity and its

i select suitable accounting policies and then apply them consistently;

i make judgements and estimates that are reasonable and prudent;

i prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue to operate.

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011. There are also responsibilities for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

4

Independent Examiners report to the members on the unaudited financial statements

I report to the charity trustees on my examination of the financial statements of Emmanuel Community Church (the Trust) for the financial year to 31st August 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation the financial statements in accordance with the requirements of the Charities Act 2011 (the Act).

I report in respect of my examination of the Trusts financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material aspect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J F Hornby, FCA Independent Examiner Chartered Accountant The Tower Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ

Dated: 13th November 2023

5

Statement of financial activities for the financial year ended 31st August 2023

Notes
INCOME FROM
Charitable activities
Offerings, gifts, regular giving and gift aid
Grants and subsidies
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable costs
4
Total
NET INCOME/(EXPENDITURE)
Depreciation of furniture and fittings in respect of prior years
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2003
47,181
0
512		 2002
68,217
0
592
£47,693 £68,810
0
65,553		 0
49,867
£65,553 £49,867
-17,860
0
303,097		 18,943
0
284,154
£285,237 £303,097

None of the charitable activities were acquired or discontinued during the financial year. There were no unrealised gains or losses during the financial year.

6

Balance sheet at 31st August 2023

TANGIBLE FIXED ASSETS
CURRENT ASSETS
Deposit: Kingdom Bank Limited
Cash at bank
Cash in hand
Total Cash
TOTAL ASSETS
FUNDS
Restricted funds
Signed on behalf of the trustees		 2021
£121,968		 2022
£124,099
75,004
88,219
46		 74,492
104,460
46
£163,269 £178,998
£285,237 £303,097
£285,237 £303,097

The financial statements were approved by the board of trustees on 13th November 2023 and signed on its behalf by:

Antony John Walsh - Trustee

The notes on pages 8-9 form part of these financial statements

7

Notes to the statement of financial activities in respect of the financial year ended 31st August 2023

1 Accounting convention and policies

Accounting convention

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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); Financial reporting standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The Trust's annual income being less than £250,000 the financial statements are not subject to audit.

Income

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 accurately.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of

Gifts in kind

Gifts in kind donated services and facilities received and the value of volunteer help cannot be measured accurately and are excluded.

Tangible fixed assets for use by the charity

Buildings are not depreciated which is a departure from Financial Reporting Standard 102.

Equipment and fixtures are depreciated annually to their estimated depreciated value at the financial year end. This policy was introduced on 1st August 2019.

Funds

The charity receives its income specifically attributable to its work and is classified as restricted funds.

2 Cash Flow

The financial statements do not include a cash flow statement. The trust as a small reporting entity is exempt from the requirement to prepare a cash flow statement under Financial Reporting Standard 1: Cash flow statements.

3 Tangible fixed assets

Cost
Additions
Depreciation
Additions
Net book value
1st September 2022
31st August 2022
31st August 2023
31st August 2022
1st September 2022
31st August 2022		 Equipment
and fixtures
41,930
0
£41,930
37,831
2,131
£39,962
£1,968
£4,099		 Building
120,000
0		 Total
161,930
0
£120,000 £161,930
0
0		 37,831
2,131
£0 £39,962
£120,000 £121,968
£120,000 £124,099
4
Charitable costs
Wages and social security
Travelling and subsistence
Education and training
Ministry gifts
Repairs, maintenance and renewals
Telephone and internet
Postage, stationery and advertising
Miscellaneous expenses
Consumables and computer software
Provisions
Heating, lighting and water
Professional services
Equipment etc.
Insurances
Youth work
Depreciation of furniture and fittings
Rent and rates		 2023
19,951
867
0
17,123
914
924
131
481
560
1,294
4,342
1,166
14,033
1,636
0
2,131
0		 2022
17,418
371
0
11,080
10,459
397
0
1,379
496
502
2,917
800
0
1,502
50
2,496
0
£65,553 £49,867

5 Trustees remuneration and expenses

None of the trustees received any remuneration during either the financial year or the previous financial year.

6 Fees for examination of the accounts

The examination of the final financial statements was carried out on a no charge basis for the financial year.

7 Paid employees

The charity had 3 paid employees during the financial year (2020: 3).

8 Transactions with related parties

No transactions were entered into during the financial year or the previous financial year with related parties.

9