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2023-03-31-accounts

Emmanuel Gateway Church (formerly known as Emmanuel Pentecostal Church)

Report and Accounts Year ended 31 March 2023

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

EMMANUEL GATEWAY CHURCH

CHARITY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

Trustees

Andrew Arthur O'Neil Dunn Nick Hughes Aubrey Wickham Henry Agyekum (resigned 31 December 2022) Stephen Page (resigned 31 December 2022)

Senior Management Team

Henry Agyekum Elder O'Neil Dunn Elder Nick Hughes Senior Pastor Stephen Page Teaching Pastor Jeronne Rudder Associate Pastor Leanne Rudder Associate Pastor Aubrey Wickham Treasurer

Governing Document

Constitution and Trust Deed adopted 18 July 2006 and amended 07 July 2019

Charity Registration Number

Principal Address

1054397 374-376 Lee High Road London SE12 8RS

Independent Examiner

Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

National Westminster Bank Plc Kingdom Bank Limited Lloyds Bank plc

Contents Page
Charity Information 1
Trustees' Annual Report 2-11
Independent Examiner's Report 12
Statement of Financial Activities 13
Balance Sheet 14
Notes to the Accounts 15 - 21
Detailed Statement of Financial Activities with Comparatives 22

Page 1

EMMANUEL GATEWAY CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023

The trustees have pleasure in submitting the Report and Accounts for the year.

OBJECTS

The primary aims of the Trust are to fulfil the role of a Christian Church in the Borough of Lewisham and the surrounding area and to provide help to others in promoting the Christian faith in the United Kingdom and overseas.

The Church’s Purpose Statement says:-

Emmanuel Gateway Church: Where Jesus is encountered, people are valued, and lives are transformed

It seeks to be a place where the Christian message is declared whilst valuing and empowering people who attend.

The church is in fellowship with the Assemblies of God Inc. in Great Britain. The following purpose statement is generic to more than 500 churches meeting in 700 locations across Great Britain:

“The purpose of Assemblies of God is to give every man, woman and child the opportunity of understanding the gospel and to provide a church where they can grow and develop in ministry for the glory of God.”

THE CHURCH: ITS AIMS AND OBJECTIVES

It is our firm conviction that the Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, loving and serving Jesus Christ, who are also committed to love and care for each other and the people of their community being a blessing to the area in which they live. The Church - its Elders, Trustees and Members are committed to the restoration of those New Testament principles. It is not alone in this; it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of Lewisham and its neighbouring boroughs, come into this experience of knowing Jesus as their Lord, Saviour and friend and to personally experience the application of the Christian message in their everyday lives amongst their community.

In September 2021 the Trustees agreed to formally change the name of the Charity to Emmanuel Gateway Church – a name that they believe better reflects and communicates the purpose and vision of our church community, rather than its denominational position. This was presented to the church membership at the Annual Conference held in 2022 (delayed from spring to autumn of that year) and this was implemented with the Charities Commission in the Spring of 2023.

Page 2

PARTNER ORGANISATIONS

The church cooperates with and supports various churches, charities and community groups and receives voluntary help itself where needed. During the year, grants have been made (see note 6c to the Accounts) to help achieve their objectives with a greater impact than the Church could do working on its own.

GOVERNANCE

Directions relating to the charitable trust are made by the Trustees in consultation with the Elders, who are responsible for governing the life, vision, and teaching of the church. Day-today decisions on expenditures and activities are decided by the staff and volunteers in charge of different departments of the church, with budgets set and monitored by the Trustees. The powers of appointment or removal of Trustees rests with the Trustees. New Trustees are normally selected from the members of the church which means the Trustee body is wholeheartedly involved in seeing the mission of the church worked out in practice. On being appointed, new Trustees spend time with the existing Trustees to ensure they understand their responsibilities and the legal and financial framework in which the church operates and will attend appropriate seminars and training that apprise them of their responsibilities.

THE CONTRIBUTION MADE BY VOLUNTEERS

Whilst the church employs 9 full or part-time staff it is the work of every member of the church, whether employed or not, that will make the difference in the church achieving its great commission. This is done by ‘being salt and light’ amongst the people they interact with every day; by praying, by visiting the sick and others in need; being involved in training others, in public teaching and worship, and also through diligent administration. The financial resources of the church, to a very large extent, are given by the members and their private assets are regularly used in the work of the church. Much of this work is done privately, without recognition, and the hours and value of that time cannot be quantified.

Page 3

TRUSTEE BOARD

All of our Trustees have previously attended a Trustee Training Event to receive orientation on the requirements and expectations of trustees. Two of our senior Trustees retired from the board during the year.

THE YEAR: ITS OBJECTIVES AND ACHIEVEMENTS

During the year ended 31 March 2023 the main ways in which the church sought to achieve the calling of Christ upon it and its charitable purposes for the public benefit, are summarised below:-

Additionally, our Life Connect groups continue to meet providing pastoral care to those who consider Emmanuel to be their community. Our regular prayer meetings have moved to a more suitable time allowing others to attend more easily. We are also now in our second year of running ‘The Foundry’ which is our leadership development programme. We have a new intake of people who are regularly involved in discussion and teaching and we are releasing both our first and second year intake to participate in activities run by the church for the benefit of both themselves and others.

Page 4

The members of the church have consistently been applying the principles of church life outlined in the New Testament and referred to earlier as ‘salt and light’, in the community, in places where they live and work and in having an impact on social attitudes in the wider national context. This is a major part of the purpose of the church and much of it is done without public fanfare, the real cost of which cannot be truly quantified.

The church has continued its ministry to the community through:

Social Action and Poverty Relief

i. The Pantry

The Pantry works in partnership with organisations including Waitrose and Sainsbury whose customers donate food items that are collected regularly and stored in the church. We also receive generous contributions of food items from our Church Members, all of which is donated to people in need. The need for people to access a food bank remains high in Lewisham due to the cost-of-living crisis and we continue to provide this service to those in need. We have some families who regularly require assistance and other one-off referrals that come from local schools, refuge centres and asylum seeker projects. Once again, we were able to put together food parcels to assist families through the Christmas period. Throughout 2022/2023, The Pantry distributed food to the value of £25,566, which we estimate benefitted 433 separate families.

ii LifeBread

Our Lifebread programme continues to see good numbers of people attending each week to benefit from a hot meal, a safe space and warmth through the colder months of winter. We are currently seeing around 20-30 attending each week. A number of these people would be considered homeless although we continue to signpost people to support in our local area. Our project continues to be staffed exclusively by volunteers and continues to prepare and serve meals free of charge for homeless people in the local community.

The ministry is supported almost entirely by generous donations from the congregation and help from local supermarkets. Our commercial-grade kitchen continues to benefit us in producing good food in an efficient manner and all of our cooking volunteers have now received food hygiene certification.

iii.

Gateway Projects

This is now the umbrella term for our social action projects and incorporates the work of LifeBread, The Pantry and the ‘H’ Fund emergency financial assistance. The H fund has helped to fund the purchase of additional food parcels to help those both within and external to the church congregation. The ‘H’ Fund has also helped people top up their utility cards for electric supplies or assisted with other emergency items.

Page 5

Outreach

i. Evangelism Team

This team aims to engage people from our locality and share the truths of the Christian faith with them. This team continues to oversee our Alpha course which has remained online for this period. We are hopeful that as community-based events once again start to be held, our team will be present and sharing the truths of the Christian faith with them.

ii. Golden Hours.

This is a team that serves the elderly in the community. The team would usually visit local nursing homes and sing hymns, read poetry and scriptures, and befriend and pray with the residents when invited to do so. Whilst this project was paused because of the restrictions on access to nursing homes and sheltered accommodation centres during Lockdown, we have now actively engaged in reconnecting and visiting homes in our community.

Pastoral Care

i. By every member of the church visiting the sick

This activity is designed to show God’s love and pray together. We have continued to do this through our Pastoral Care team (see below) and by encouraging our Life Connect small groups to adopt pastoral care as part of their ethos to practically care for those connected to their small group through meeting together, text, phone calls, Social Media and email.

ii. Pastoral Care Team

This is a dedicated team of professional care workers, nurses, and volunteers who love to care for the needs of others, commissioned to take proactive and reactive pastoral care for our seniors or chronically ill members.

In addition to hospital visitation, we now have a number of people who prioritise bringing some of our older or infirm congregation members to church on a Sunday. This allows them to engage with the wider community and removes them feeling isolated in their own homes. We are also currently developing an extension to our pastoral care where all our regular attendees will be placed in smaller groups with a trusted member of our team who will call, email or text them on a weekly or fortnightly basis to ensure they feel connected, accepted and heard. This remains an ongoing project and will be launched more fully during the 2023/2024 period.

iii. Marriage and Pre-Marriage Support

We continue to support couples who express that they need help with their marriage relationship and we have ensured that anyone newly married is supported by a more experienced married couple as they move through their first year of marriage as well as providing pre-marriage counselling courses.

Page 6

iv. SPICE

This project serves the over 65s in our church community and endeavours to put on several events throughout the year of interest to them. These have previously included guest speakers and singers, outings, teas, lunches, boat trips. Our largest area of support to our seniors at this point is through individual visitation, telephone calls, cards and letters. Our over 70’s also all received a Christmas gift that was dropped at their homes by members of our Leadership Team at the end of 2022, whilst our over 80s received a Christmas hamper personally delivered to them by a member of our SLT

Prison Ministry (Sow Light Ministry)

The church has consistently supported the work of Sow Light, a Prison Visiting Ministry, for more than 20 years. The team consists of volunteers from the church, who have been vetted by the Home Office and who visit remand prisoners, predominantly in the Oxfordshire area Prisons, holding services on the first Sunday of every month and encouraging and supporting inmates.

This year our Prison Ministry chaplain retired on health grounds. Our current team continue to go through government vetting, and we have been advised that a new Chaplin will take over in April / May 2023. We anticipate re-engaging our Sunday visits once that connection has been established.

Fearless Youth Ministry

Our Fearless Youth Programme has continued to grow and engage young people, from the community throughout 2022/2023, in exciting and relevant ways, under the capable leadership of our Youth Pastor Tsote Kinzomba, and young leaders:

Page 7

Mental Health Support

During the Lockdown, we addressed the increasing challenges of mental health and responded by starting our Listening Service, staffed by volunteers who have professional qualifications in this area, including a Psychiatrist and Psychological Welfare Practitioner. The service allowed people to book a slot to talk through areas of personal concerns in confidence and offered support, guidance and signposting to professional services where necessary. This service has continued as necessary although requests for it have diminished in recent times.

In planning the activities, the Trustees have had regard to the guidance on public benefit issued by the Charity Commission.

THE KEY STRATEGIES FOR THE CHURCH ARE AS FOLLOWS.

LEADERSHIP DEVELOPMENT

The church has seen significant numerical growth in its numbers, particularly among young adults and young families demographic. To that end, the Leaders have implemented a programme of leadership development geared towards – but not exclusively for - the younger population. The Foundry Leadership programme was piloted at the end of 2021 with 25 plus people attending a residential weekend and subsequent Saturday morning training. The Foundry saw its second cohort start in November 2022, with the aim of training and raising leaders that will positively impact both church and day-to-day life in a workplace context.

Additionally, the Growth Track deeper study programme was started which is open to the wider church community. Experts in the fields of Theological Study, Apologetics, and Biblical perspectives on finances, have been invited to teach these and other related subjects. This helps us to fulfil our Biblical mandate of equipping people for works of service. (Ephesians 4.12).

NEW BUILDING

At present, the Trustees continue to consider next steps regarding the expansion of their current facility. We have recommenced an initial conversation with a building contractor to consider some different options although we have not made any firm commitment or decisions at this stage.

Page 8

PROPERTY PURCHASE

In October 2018, the Trustees invested £800,000 from the Charity’s savings into the outright purchase of a property immediately adjacent to their facility. The purchase provided a better investment than offered by the low rate of interest return on their savings accounts. It also allowed additional income through rental. Additionally, it gave an improved equity base that can be used to fund any future building programmes. The property has been let to tenants since 2019. The charity continues to receive a market rate rental income from the fully let property, and has secured an extension to the rental contract with these same tenants. We continue exploring current market rental rates with a view to increasing the rent if deemed appropriate but remain mindful of the current cost of living crisis and the impact this will be having on our tenants.

REPAIRS TO EXISTING FACILITIES

Although we carried out some large-scale works during the pandemic, we have continued to ensure that the building remains in good condition for all our visitors. We have recently made alterations to some of the ceiling height windows in our main auditorium so these windows can be opened to allow for airflow and to aid in temperature regulation.

A general programme of facility improvement and upgrading continues to be implemented and the Trustees are minded to budget for further improvements in toilet facilities and welcome areas. In September 2022, the church building suffered extensive flooding and significant work was undertaken to repair, restore and improve our rear hall and kitchen facility. Remedial works to drainage were installed to mitigate any further problems. All this work was carried out under the term of our comprehensive insurance policy.

The Trustees have previously approved the upgrading of the sound desk and the purchase of camera equipment to aid our online live streaming and presence and as part of this project have now resulted in an improved and extensive production booth, and separate live streaming facilities. This now ensures that our equipment is stored securely and is utilised appropriately.

ADMINISTRATION

The outcome of our administrative review which looked at the needs of our church when it comes to the administrative effort required to run the different ministries and day-to-day management of the church building was concluded and presented to the Trustees in 2022.

As a direct result of this review, we have secured the services of a Content Creator on a parttime basis who is primarily responsible for the creation of all our advertising both internally and for social media. We have also appointed a part-time Operations Manager who is tasked with renegotiating our utility and equipment contracts and overseeing our building cleaning and maintenance amongst other tasks. We have also contracted a Business Manager on an initial 18-month arrangement who will consider the opportunities for raising increased finance by hiring our building to external organisations and groups.

The final implementation following our staff review will be completed during the 2023/2024 period when we will look to expand our current cleaning role to become a Facilities Support role with additional hours and responsibilities.

The Trustees are also now looking ahead to the future of our charity and, with advice from our accountants, are assessing the benefits of becoming a Charitable Incorporated Organisation.

Page 9

FINANCIAL REVIEW

Up to the financial year-end, the financial reserves of the Church remained strong as members continued to give very generously enabling a ‘surplus’ of income over that budgeted.

Income this year increased by £29,664 to £367,242 and expenditure increased by £45,107 to £361,692. As a result the surplus for the year from operating activities was £5,551 (2022: £20,995). In addition the Church has reported an unrealised gain of £40,000 on the revaluation of its investment property and so, overall, the surplus for the year was £45,551. The Church’s net assets increased by this amount to £1,448,131. Net assets comprised fixed assets (mainly property) with a carrying value of £1,070,384, cash of £366,677 (of which £346,197 is unrestricted) and other net current assets of £51,070.

The Trustees have set a policy for retaining free reserves sufficient for the foreseeable needs of the Church. Resources invested in property and ring fenced for expected future capital expenditure are set aside in designated funds. Free reserves are defined as being unrestricted general funds excluding amounts invested in non-property assets. These reserves are available to meet the costs of normal running and expansion of the Church and to ensure the Church can meet its financial obligations.

During the pandemic the Trustees agreed that we should aim to hold free reserves that were at least equal to six months of fixed expenditure over committed income to ensure that we could continue to operate smoothly were our income and / or our expenditure to vary unexpectedly. This policy remains in place and we are in a strong financial position to deal with any unexpected financial challenges.

At the year-end the charity held free reserves of £395,579. This is more than required by the policy and the excess is being held pending decisions on the development of the church building.

STRATEGIC

As already covered, the Trustees agreed that the digital platform should become a part of the church's long-term strategy. To that end, they continue to commit funds from savings to upgrading live streaming equipment and further funds for employing expertise to deliver this every week. Emmanuel’s church expression is seen not just as a physical one but increasingly and importantly, a digital one and the Leadership are committing to the development of this avenue of church expression.

GRANT MAKING POLICY

Gifts to external organisations and individuals are considered by the Trustees based on need and fulfilment of the charitable objectives. There are no upper or lower limits of support.

RISK MANAGEMENT

All major insurable risks are subject to normal Church and Employers Insurance. Contractual risks are reviewed before being entered into to assess that they could not significantly impact the Church’s ability to fulfil its objectives. An annual review of areas of risk is undertaken by the Trustees in conjunction with staff and volunteers responsible for the area of activity.

Page 10

PROPERTY

The Trustees have met throughout the year and taken such decisions as necessary to maintain the church buildings in good order. Redecoration and maintenance work has been undertaken selectively as required.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these accounts, the Trustees are required to:-

The Trustees are responsible for keeping adequate 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 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Nicholas A Hughes

Nicholas A Hughes Date: 11 January 2024 Chairman / Trustee

Page 11

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

EMMANUEL GATEWAY CHURCH ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2023 on pages 13 to 22 following, which have been prepared on the basis of the accounting policies set out on pages 15 and 16.

Responsibilities and basis of report

As the charity’s trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

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

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

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.

Ajay Rajani

Ajay Rajani FCIE Fellow of the Association of Charity Independent Examiners Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 11 January 2024

Page 12

EMMANUEL GATEWAY CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income: insurance claim and asset disposals
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Raising funds
7
Total expenditure
Net gains/(losses) on revaluation of investments
10
Net income
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 Unrestricted
Funds
£
289,101
8,060
26,853
9,906
333,921
314,762
416
315,178
40,000
58,743
(13,419)
45,324
1,420,639
1,465,963		 Restricted
Funds
£
33,321
-
-
-
33,321
46,514
-
46,514
-
(13,192)
13,419
227
21,941
22,168		 Total
Funds
2023
£
322,422
8,060
26,853
9,906
367,242
361,275
416
361,692
40,000
45,551
-
45,551
1,442,580
1,488,131		 Total
Funds
2022
£
309,657
759
27,162
-
337,578
314,464
2,120
316,584
-
20,995
-
20,995
1,421,586
1,442,580

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on pages 15 to 22 form part of these accounts.

Page 13

EMMANUEL GATEWAY CHURCH

BALANCE SHEET

AS AT 31 MARCH 2023

Note
FIXED ASSETS
Tangible assets
9
Investment property
10
CURRENT ASSETS
Stock
11
Debtors
12
Cash at bank and in hand
13
CREDITORS: Amounts falling
due within one year
14
Net current assets
TOTAL NET ASSETS
FUND BALANCES
16
Unrestricted Designated Building fund:
Revaluation reserve
Remainder of Building fund
Total designated funds
Unrestricted General funds
Total unrestricted funds
Restricted funds		 Unrestricted
Funds
£
130,384
940,000
1,070,384
-
90,339
346,197
436,537
40,957
395,579
1,465,963
135,649
910,565
1,046,214
419,749
1,465,963
-
1,465,963		 Restricted
Funds
£
-
-
-
227
1,461
20,480
22,168
-
22,168
22,168
-
-
-
-
-
22,168
22,168		 Total
Funds
2023
£
130,384
940,000
1,070,384
227
91,800
366,677
458,704
40,957
417,747
1,488,131
135,649
910,565
1,046,214
419,749
1,465,962
22,168
1,488,131		 Total
Funds
2022
£
121,751
900,000
1,021,751
2,319
89,905
359,593
451,817
30,987
420,830
1,442,580
95,649
914,618
1,010,267
410,372
1,420,639
21,941
1,442,580

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

Nicholas A Hughes

Date: 11 January 2024

NICHOLAS A HUGHES

Charity number: 1054397

The notes on pages 15 to 22 form part of these accounts.

Page 14

EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

1 Statutory Information

The charity is trust registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

Investment income represents income generated by the charity's assets and includes income from letting the charity's property and bank interest.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

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EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

2 Accounting Policies continued

d) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold property Over 50 years Fixtures and fittings Over 10 years Equipment Over 4 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

g) Stocks

Stocks of donated items held for distribution to beneficiaries are measured at fair value.

h) Leased assets Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

i) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

j) Taxation The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

l) Exemption from preparing a cashflow statement The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

m) Critical accounting estimates and areas of judgement ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. These estimates, and any related judgements and assumptions, are re-assessed annually. The trustees consider the following to be significant:

ii) the value of the investment property is sensitive to changes in the estimate of fair value (market value). iii) the constructive obligation for grants payable is based on an assessment of the likely duration of the supported activity.

Page 16

EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

3 Donations and legacies

Donations of cash and similar
Donations of goods received for distribution by a foodbank
Government grants from Job Retention Scheme
Other grant income
Gift aid receivable
4
Income from charitable activities
Church conferences and events
5
Investment income
Property letting
Bank interest
6
Charitable expenditure
a
Costs incurred directly on specific activities
Staff costs
Adult ministry
Other ministry activities
Youth and children's work
Hospitality
Distributions of goods donated to foodbank
Grants payable (see note 6c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee for preparing and examining the accounts
Other governance costs
Utilities
Minor equipment
Repairs and maintenance
Depreciation: buildings
Depreciation: equipment
IT and technical
Insurance
Stationery, copying, telephone etc.
Licences and subscriptions
AoG fees for handling gift aid claims
Bank charges
Miscellaneous
Total expenditure		 2023
£
251,721
23,474
-
2,800
44,427
322,422
2023
£
8,060
8,060
2023
£
25,701
1,152
26,853
2023
£
153,751
8,305
32,300
9,158
7,848
25,566
18,467
255,396
3,240
78
3,318
10,355
1,662
40,969
4,053
13,198
4,959
3,570
12,638
4,025
2,657
1,685
2,792
105,879
361,275		 2022
£
257,222
12,539
(2,182)
500
41,577
309,657
2022
£
759
759
2022
£
26,286
876
27,162
2022
£
150,351
2,991
32,837
3,683
3,545
11,954
33,480
238,840
2,940
36
2,976
3,815
772
21,755

4,053

8,421
5,335
3,221
13,054
1,481
5,070
1,545
4,124
75,624
314,464

The fee payable to the independent examiner for preparing and examining the accounts was £3,240 (2022: £3,018); in addition the charity paid £1,446 (2022: £1,136) to Stewardship for payroll bureau and consultancy services.

Page 17

EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

6c Grants payable

Institutions
£
Grants for UK and overseas mission
12,867
Grants for the relief of poverty
-
12,867
The comparatives for the previous year are as follows:
Institutions
£
Grants for UK and overseas mission
27,052
Grants for the relief of poverty
-
27,052
The charity's principal grants to institutions comprised:
Living Word Ministry
Assembly of God
Compassion UK
New Church India
Roarlight
Grants to institutions for less than £1,000 each
Expenditure on raising funds
Investment property expenses
Gross wages and salaries
Social security
Pension costs
Other staff related costs
Analysis of staff costs, the cost of key management personnel and trustee remuneration		 Individuals
£
4,900
700
5,600
Individuals
£
3,900
2,528
6,428
2023
£
2,400
8,607
1,032
-
-
828
12,867
2023
£
416
2023
£
140,579
4,843
6,016
2,313
153,751		 2023
£
17,767
700
18,467
2022
£
30,952
2,528
33,480
2022
£
2,400
7,583
-
10,674
5,567
828
27,052
2022
£
2,120
2022
£
140,729
5,276
3,235
1,110
150,351

7 Expenditure on raising funds

8 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 8.3 (2022: 8). Most of the charity's activities are carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

benefits payable to key management for the year were as follows:
Employer
Wages &
pension
salaries
contributions
Trustees:
Nick Hughes
41,006
1,230
Steve Page
11,277
-
Other members of key management
32,000
960
The following amounts were payable in the previous year:
Employer
Wages &
pension
salaries
contributions
Trustees:
Nick Hughes
41,006
1,230
Steve Page
11,277
-
Other members of key management
32,000
960		 2023
£
42,236
11,277
32,960
86,473
2022
£
42,236
11,277
32,960
86,473

Nick Hughes and Steve Page served as church pastors and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.

Page 18

EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

9 Tangible fixed assets

Cost
At 1 April 2022
Additions
At 31 March 2023
Accumulated depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
10
Investment property
Valuation brought forward (being acquisition cost)
Change in fair value
Valuation carried forward		 Freehold
Property
£
202,644
-
202,644
92,378
4,053
96,430
106,214
110,266		 Fixtures
and fittings
£
22,408
-
22,408
22,408
-
22,408
-
-		 Equipment
£
75,526
25,884
101,410
64,042
13,198
77,240
24,170
11,484
2023
£
900,000
40,000
940,000		 Total
£
300,578
25,884
326,462
178,827
17,251
196,078
130,384
121,751
2022
£
900,000
-
900,000

The investment property was valued at £940,000 in November 2022 by Jollye & Wood, a local estate agent. In the opinion of the trustees, the fair value of this investment property at the balance sheet date does not differ materially from the valuation in November 2022.

11 Stock

Stock of donated goods held for distribution to beneficiaries
12
Debtors
Gift aid recoverable
Other debtors
Prepayments and accrued income
13
Cash at bank and in hand
Cash at bank with immediate access
60 day notice deposits
100 day notice deposits
Petty cash
14
Creditors: liabilities falling due within one year
Trade and other creditors
Accruals
Grant obligations		 2023
£
227
2023
£
89,259
1,010
1,531
91,800
2023
£
141,506
104,168
121,003
-
366,677
2023
£
15,003
11,261
14,693
40,957		 2022
£
2,319
2022
£
84,493
1,005
4,407
89,905
2022
£
135,165
103,732
120,293
403
359,593
2022
£
7,779
8,514
14,695
30,987

15 Pension commitments During the year employer’s pension contributions totalling £6,016 (2023: £3,235) were payable to defined contribution personal pension schemes. Pension contributions totalling £2,781 were owing at the balance sheet date (2022: £nil).

Page 19

EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

16 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Building fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Building fund
Pantry fund
Hardship fund
Jack Petchey Achievement Awards
Youth fund
Equipment fund
Mission support
Aggregate of funds		 Opening
balance
2023
£
1,010,267
410,372
1,420,639
16,430
2,319
-
2,236
-
-
956
21,941
1,442,580		 Incoming
resources
2023
£
-
333,921
333,921
910
23,474
554
1,800
1,400
2,851
2,332
33,321
367,242		 Outgoing
resources
2023
£
(4,053)
(311,125)
(315,178)
-
(25,566)
(1,424)
(1,330)
(424)
-
(17,769)
(46,514)
(361,692)		 Revaluation
Gain
2023
£
40,000
-
40,000
-
-
-
-
-
-
-
-
40,000		 Transfers
in the year
2023
£
-
(13,419)
(13,419)
-
-
870
-
-
(2,476)
15,025
13,419
-		 Closing
balance
2023
£
1,046,214
419,749
1,465,963
17,340
227
-
2,706
976
375
544
22,168
1,488,131

During the year the following transfers were made:

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Investment property
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year
In the previous year the movements in the
Designated Funds
Building fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Building fund
Pantry fund
Hardship fund
Jack Petchey Achievement Awards
Mission Support
National Lottery Community fund
Roarlight fund
Aggregate of funds		 charity's funds
Opening
balance
2022
£
1,014,319
379,411
1,393,731
15,470
1,733
-
3,250
1,084
3,752
2,567
27,856
1,421,586		 General
Designated
funds
funds
£
£
24,169
106,214
-
940,000
-
-
90,339
-
346,197
-
(40,957)
-
419,749
1,046,214
were as follows:
Incoming
Outgoing
Revaluation
resources
resources
Gain
2022
2022
2022
£
£
£
-
(4,053)
315,881
(281,005)
-
315,881
(285,058)
-
960
-
-
12,539
(11,954)
-
1,298
(4,750)
-
500
(514)
-
6,400
(11,742)
-
-
-
-
-
(2,567)
-
21,697
(31,526)
-
337,578
(316,584)
-
Unrestricted Funds		 Restricted
funds
£
-
-
227
1,461
20,480
-
22,168
Transfers
in the year
2022
£
-
(3,914)
(3,914)
-
-
3,452
(1,000)
5,214
(3,752)
-
3,914
-		 2023
£
130,384
940,000
227
91,800
366,677
(40,957)
1,488,131
Closing
balance
2022
£
1,010,267
410,372
1,420,639
16,430
2,319
-
2,236
956
-
-
21,941
1,442,580

Page 20

EMMANUEL GATEWAY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

16 Funds continued

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Investment property
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
11,483
110,267
-
900,000
-
-
88,349
-
341,527
-
(30,987)
-
410,372
1,010,267
Unrestricted Funds		 Restricted
funds
£
-
-
2,319
1,556
18,066
-
21,941		 2022
£
121,751
900,000
2,319
89,905
359,593
(30,987)
1,442,580

Designated funds

The Building fund comprises property (including investment property) owned by the charity and represents funds that are not immediately available to fund the day to day activities of the charity. Transfers are sometimes made to, or from, this fund so that the closing balance on the fund is always equal to the carrying value of the charity's properties.

Restricted funds

The Building fund was created from donations received to help fund the development or refurbishment of property held for the charity's own use.

The Pantry fund was created from donations of goods to a foodbank for onward distribution to beneficiaries.

The Hardship fund was created to help support those facing hardship.

The Jack Petchey Achievement Awards fund was created from grants received from the Jack Petchey Foundation to help inspire and motivate young people.

The Youth fund was created from donations received to help support the church's youth work.

The Equipment fund was created mainly from donations received help purchase PA equipment.

The Mission Support fund was created from donations received to help support mission activities.

The National Lottery Community fund was created by a grant from the National Lottery Community fund to help fund the charity's work in local schools.

The Roarlight fund was created from donations received to help pay for production of films that help communicate spiritual truths.

17 Operating lease commitments

The charity has operating leases for two printers and a telephone system. The minimum amount payable in respect of these leases are as follows:

Within one year
Between one and five years
Payments falling due:		 2023
£
6,697
624
7,322		 2022
£
6,697
7,322
14,019

During the year the charity was charged £6,793 (2022: £6,745) for its operating leases.

18 Transactions with related parties

During the year the charity:

Except for the reimbursement of expenses incurred when acting as agent for the charity, or incurred when undertaking employment duties not connected with serving as a trustee, no expenses (2022: £nil) were paid to the trustees.

Except as disclosed in note 8 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 21

EMMANUEL GATEWAY CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income: insurance claim and asset disposals
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Raising funds
7
Total Expenditure
Net gains/(losses) on revaluation of investments
10
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 General
Designated
2023
2023
£
£
289,101
-
8,060
-
26,853
-
9,906
-
333,921
-
310,709
4,053
416
-
311,125
4,053
-
40,000
22,796
35,947
(13,419)
-
9,377
35,947
410,372
1,010,267
419,749
1,046,214
Unrestricted funds		 Restricted
2023
£
33,321
-
-
-
33,321
46,514
-
46,514
-
(13,192)
13,419
227
21,941
22,168		 Total
2023
£
322,422
8,060
26,853
9,906
367,242
361,275
416
361,692
40,000
45,550
-
45,550
1,442,580
1,488,131		 General
Designated
2022
2022
£
£
287,959
-
759
-
27,162
-
-
-
315,881
-
278,885
4,053
2,120
-
281,005
4,053
-
-
34,876
(4,053)
(3,914)
-
30,962
(4,053)
379,411
1,014,319
410,372
1,010,267
Unrestricted funds		 Restricted
2022
£
21,697
-
-
-
21,697
31,526
-
31,526
-
(9,829)
3,914
(5,915)
27,856
21,941		 Total
2022
£
309,657
759
27,162
-
337,578
314,464
2,120
316,584
-
20,994
-
20,994
1,421,586
1,442,580

Page 22