Company Registration number 06101946
Charity Registration number 1120286
EMMANUEL
CHURCH
DURHAM
EMMANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
ANNUAL REPORT AND FINANCIAL STATEMENTS
31 March 2025
Stephenson Coates Audit Limited
Chartered Accountants
West 2, Asama Court
Newcastle Business Park
Newcastle upon Tyne
NE4 7YD

EMMANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
CONTENTS
Page
Report of the directors
Independent examiner's report
Statement of financial activities
Balance shcct
Cash flow statement
10
Notes to the financial statements
11- 18

EMMANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
REPORT OF THE DIRECTORS
The directors present their report and the financial statements for the year ended 31 March 2025.
Reference and administrative details
Company number:
06101946
Charity number:
1120286
Principal address:
The Durham Centre
Belmont Industrial Estate
Durham
DHI ITN
Independent examiner:
John Oswald BA FCA
Stephenson Coates Audit Limited
Chartered Accountants
West 2, Asama Court
Newcastle Business Park
Newcastle upon Tyn¢, NE4 7YD
Bankers:
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
KenL MEI 9 4JQ
Barclays Bank PLC
Leiccstcr
LE87 2BB
Solicitors:
Muckles LLP
Time Central
32 Gallowgate
Newcastle upon Tyne NE14BF
Directors
The following directors of the charitable company (who are its trustees for the purposes of charity law) served
during the year and up to the date of approval of this report..
GABell
I J Portwine
J E Booth
WRByng
Executive Chairn]an and Senioi Elder
Executive Director and Elder
Non-cxccutive and Treasurer
Non-executive lay member
Page I

EMmAN[￿L CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
REPORT OF THE DIRECTORS
(continued)
Structureg governance and management
Governing document
Emmanuel Church Durham is a Company limited by guarantee, governed by its Memorandum and Articles of
Association dated 13 February 2007.
The charitable company was incorporated in order to provide a distinct legal entity to carry out the activities of
Emmanuel Church Durham which since 1991 had been undertaken through a charitable trust. The company was
registered with the Charity Commission on 26 July 2007. On l December 2007 th¢ cntirc assets, liabilities and
undertakings of the Emmanuel Church Durham charitable trust were transferred to the charitable company.
There are currently three members, each of whom agree to contribute £1 in the event of the charitable company
winding up.
Appointment and retirement of directors
Directors are required to sign a confirmation that they adhcre to thc articles of faith contained within the company's
Memorandum and Articles of Association and that they understand their obligations as diicctors. Directors serve
for a fixed term of two years and are eligible for reappointment.
Directors, induetion and training
The Charity Commission website and publications are used to keep the directors up to date with developments in
the charitable sector. The necessity for formal training sessions for individual directors is reviewed each year.
Organisation
The charitable company operates primarily in the County Durham are4 with links with churches and Christian
organisations both in the UK and internationally. Church membership is voluntary and free.
The charitable company is overseen by a board of directors. which consists of the two of th¢ five leaders - Elders -
of Emmanuel Church and, currently. two lay members. The Elders of th¢ Church are responsible for the day-to-
day running of the charitable company, including the direction of the Church and the pastoral car¢ of the
membership. The lay members include the Treasurer and other persons operating in a non-executive capacity.
The board of directors meets at least quart¢rly, to review the finances, risk management, legal issues and other
matters affecting the charitabl¢ company. A separate remuneration sub-committee opcrates consisting of the non-
ex¢cutive directors who do not receive payments from the charitable company to review the financial provision for
the two full-time executive directors.
In setting our objectives and planning our activities, the directors have regard to the Charity Commission's public
benefit guidance when exercising any powers or duties to which the guidance is relevant.
Page 2

EMMANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
REPORT OF THE DIRECTORS
(continued)
Risk management
The board of directors considers the major risks to which the charitable company is exposed and identifies the
appropriate mitigation. To this end the charity has taken out employer's liability, public liability and buildings
insurance.
A strict child protection policy is implemented. all voluntary helpers who work with children are subject to
criminal records bureau checks and must comply with detailed guidelines for the care of children. In order to
ensure the safety of the Church members and general public a team of stewards operate during Sunday meetings.
A fire evacuation plan has been drawn up.
A system of financial control exists to prevent the loss of the charity's assets through fraud and mismanagement.
Financial rcports are made at least quarterly to the Board. Our reserves policy is reviewed annually.
Objectives, activities and achievements
The objectives of the chaiitablc company are:_
a) The advancement of the Christian Faith.
b) Th¢ relief of persons who are in a condition of need or hardship.
c) The provision of instruction in the Christian Faith.
The vision of the Church is - To be a growing charismaticfantily church with a world vision.
The Church congregation meets on a Sunday at The Emmanuel Centre in Durham City. During University term,
attendance is about 220 adults, with about 40 children. The Sunday morning acts as a "shop window" for the other
activities of the Church, which take place during the week. As a diverse Church, we cater for people's needs in
many ways. principally by having smaller mid-w¢¢k groups. During the year, we strengthcned the senior
leadership team with the appointment of a new elder. The activities of Emmanuel Church extend far beyond our
regular Sunday morning meetings. The measurement of the success of our activities by the use of financial
performance indicators is not wholly appropriate for a charity with these much wider objectives.
The Church employs two full-time and one part-time children's and youth workers to oversee and develop the
children's and youth work both in the Church and the local community. The mid-week provision for our
groups uses a detached modcl and has grown during the year. The youth attended NewDay camp in Norfolk, and
we also hosted a regional youth & adult gathering in March - Together 24.
Work with University students has continued as they meet at the HUB, a student and 20's Sunday evening meeting
based in a city centre location. A recent change of venue has catalysed new groThth and given a better setting.
There has also been more intentionality in blending the student community with the local one by having mixed
mid-week Emmanuel Communities. This has created a great community feel for this group, and we have also seen
a significant increase in diversity. We employ one full-time person to support and develop this work.
We arc now settled into our new building The Emmanuel Centre. Unfortunately, we were unable to achieve any
financial redress regarding a design fault in the heating system. The new building offers more space and great
quality PA & AV provision. During the ycar many activities have been hosted there outside of the Sunday
morning. During the summer, volunteers helped to improve the foyer and toilets.
Connectlons with the community have continued to be strengthened with our Make Lunch initiative. detached
youth work, and supporting the Christian Unions of local schools. Our annual Christmas FunDay was able to go up
a gear this year, as we used both venues to meet th¢ increased demand.
Page 3

EMMANUEL CItURCH DURHAM
(a Company limited by guarantee without Share Capital)
REPORT OF THE DIRECTORS
(continued)
Financial review
We continue to be very grateful for the strength of our voluntary income, both regular giving and giving for
specific purposes. Trading at our subsidiary, The Durham Centre Limited, continued at a good level.
Our cash flow in the year was strong. we continue to repay our bank loans and cash holdings increased. We have a
high (non-cash) depreciation charge in excess of £1 00,000, arising mainly on our buildings. this accounting charge
is a major factor in us reporting a deficit for the year on unrestricted funds.
Investment policy
As the guaranteed unrestricted funds are minimal, there is little opportunity for investment. The directors have
considered the most appropriate policy for invcsting cash resources and have decided that bank deposits meet their
requirements of a reasonable rate of return, without significant capital risk, and with prdictable accessibility to the
funds. We review this policy regularly.
Reserves policy
It remains the directors, policy to maintain free reserves of bctwecn six to twelve months fixed committed
expenditure. Free reserves at 31 March 2025 were £255,950 (2024.. £242,369). The directors are satisfIed that this
provides a reasonable level of reserves to hold for our ongoing activities, including trading activities at The
Durham Centrc, and for our development commitments.
Plans for future periods
We continue to be motivated by our vision statement of being "A growing charismatic family church with a world
vision"
We also anticipatc that our growing relationship with Regions Beyond will lead to more opportunities to
serve nations around the world. We have also started connecting more strongly to RB leaders in thc UK who are
assisting us in developing our future vision.
Raising funds to be able to develop the second phas¢ of TEC which will give a foyer, toilets, kitchen and ffleeting
rooms will be ongoing.
Page 4

EMMANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
REPORT OF THE DIRECTORS
(continued)
Statement of the directors, responsibilities in relation to the financial statements
The directors are responsible for preparing the Directors, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires the directors to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable
company for that period. In preparing these financial statemcnts, the directors are required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The directors are responsible for keeping accounting records which disclose with reasonable accuracy at any time
the financial position of the charitable company and enable them to ensure that the financial statements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and
hence for taking reasonabl¢ steps for the prevention and detection of fraud and other irregulariti¢s.
This report has been prepared in accordance with the provisions applicable to companies subject to the small
companies, regime.
Approved by the directors on 14 December 2025 and signed on their behalf by:
GABell
Chair
Page 5

EMMANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
INDEPENDENT EXAm￿ER's REPORT TO THE DIRECTORS ON THE UNAUDITED
FINANCIAL STATEMENTS OF EMMANUEL CItURCH DURHAM
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31
March 2025, which are set out on pages 7 to 18.
Responsibilities dnd basis of reporl
As the charity's trustees of the company (and its directors for the purposes of company law) you are responsible for
thc prcparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examination, I report in rcspect of my examination of your charity's accounts
as carried out under section 145 of the Charities Act 2011 (the '2011 Act,). In carrying out my examination I have
followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's reporl
I confirni that I am qualified to undertake the examination because l am a member of the Institute of Chartered
Accountants in England and Walcs.
I have completed my ¢xamination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
l ) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act. or
2) the accounts do not accord with those accounting records. or
3) the accounts do not comply with the accounting requircmcnts of section 396 of the 2006 Act other than any
requirement that th¢ accounts give a 'true and fair, view which is not a matter considered as part of an
independent examination. or
4) the accounts have not been prepared in accordance with the methods and principles of th¢ Statement of
Recommended practice for accounting and reporting by charities [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicablc in the UK and Republic of Ireland
(FRS 102)]
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 to enable a proper understanding of the accounts to be Icached.
John Oswald BA FCA
StephensoD Coates Audit Limited
Chartered Accountants
West 2, Asama Court
Newcastle Business Park
Newcastle upon Tyne
NE4 7YD
14 December 2025
Page 6

EiiifiIANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
STATEMENT OF FINANCIAL ACTIVITIES
(including income and expenditure account)
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
Total
2025
Total
2024
Note
INCOME FROM:
Giving
464,835
1,341
466,176
435,368
Charitable activities
Bible weeks, weekends away and events
8,514
275
8,789
3,052
Other trading activities
The Durham Centre - covenanted donation
16
9,500
9,500
40,000
Investments
2,118
2,118
1,542
Total
484,967
1,616
486,583
479,962
EXPENDITURE ON;
Charitable activities
532.808
2,284
535,092
529,820
Total
532,808
2,284
535,092
529,820
NET (EXPEI¥DITURE)IINCOME
(47,841)
(668)
(48,509)
(49,858)
Gross transfers between funds
NET MOVEMENT IN FUI¥DS
(47.841)
(668)
(48,509)
(49,858)
Total funds brought forward
1,648,451
3,335
1,651,786
1,701,644
Total funds carried forward
14115
1,600,610
2,667
1,603,277
1,651,789
The charitable company has no recogniscd gains or losses other than the results for thc period as set out above.
All of the activities of the charitable company are classed as continuing.
The notes on pages I I to 18 fonn part of these financial statements.
Page 7

EMMANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
BALANCE SHEET
AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Tangible assets
Investments
2,107,888
2,195,373
2,107,895
2,195,380
Current assets
Debtors
Cash and bank and in hand
10
li
96,667
179 333
131,256
E38 158
276,000
269,4L4
Creditors: amounts falling due
within one year
12
Net current assets
230 952
222 596
Total assets less current liabilities
2,338,847
2,417,976
Creditors: amounts falling
after one year
13
(735,570)
(766,190)
Net assets
1,603,277
1,651,786
Funds
Unrestricted
Restricted
14115
14115
1,600,610
2,667
1,648,451
3,335
Total funds
1,603,277
1,651,786
The Balance Sheet continues on the following page.
Page 8

EMMAIWEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
BALANCE SHEET (continued)
Directors, statements required by the Companies Act 2006
for the year ended 31 March 2025
In approving these financial statements as directors of the company we hereby confirm:
(a) that for the year statcd above the company was entitled to the exemption conferred by section 477 of the
Companies Act 2006.
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the
Companies Act 2006 requesting that an audit be conducted for the year endcd 31 March 2025.
(c) that we acknowledge our responsibilities for-
( l ) ensuring that the company keeps adequate accounting records which comply with section 3 86 of the
Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the charitable
company at the end of the financial year and of its profit or loss for the year then ended in accordance with the
requirements of sections 394 and 395, and which otherwise con]ply with the provisions of the Companies Act
r¢lating to financial statemcnts, so far as applicable to the charitable company.
The financial statements have been prepared in accordance with th¢ provisions applicable to companies subject to
the small companies, regime.
The financial statements were approved and authorised for issue by the directors on 14 December 2025:
G.A. Bell
J. Booth
l.J. Portwine
W. Byng
Company registration no. 06101946
The notes on pages I I to 18 forni part of these financial statements.
Page 9

EMMANUEL CHURCH DURHAM
(a company limited by guarantee without share capital)
CASH FLOW STATEMENT
YEAR ENDED 31]hIARCH 2025
2025
2024
Reconciliation of net income to net
cash flows from operating activities
Net income for year
Investment income
Depreciation
Loss on disposal of fixed assets
Movement in debtors
(48,509)
(2,118)
104,321
(49,858
(1,542)
93,460
34,589
6,656
Movement in creditors
6,327
7,112
Net cash inflow from operating activities
81,956
41,604
Cash flows from investing activities
Purchases of tangible fixed
assets
(16,836)
2,118
(48,827)
Investment income
Net cash flows from investing activities
(14,718)
(47,285)
Cash flows from financing activities
Repayments of bank loan
Additional bank loans received
(26,063)
(25,522)
Net cash flow from financing activities
(26,063)
(25,522)
Iyet increasel(decrea5e) in cash
and Cash equivalents
41,175
(31,203)
Cash and cash equivalents at start of year
138,158
169,361
Cash and cash equivalents at end of year
179,333
138,158
The reconciliation of net debt arising in the year is set out in note 17.
Page 10

EMMAIYUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
l. Accounting policies
Basis of preparation of financial statements
The financial statements of the charitable company have been prepared linder the historical cost convention
and in accordance with the 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), the Companies Act 2006 and United Kingdom Generally Accepted Accounting Practice
applicable to smaller entities. The charitable company constitutes a public benefit entity as defined by
FRSIO2.
The charitable company has taken the option under section 398 of the Companies Act 2006 and the
Charities Act 2011 (Group Accounts) Regulations 2015 not to prepare consolidated financial statements.
The financial accounts are prepared in Sterling {£) which is the functional currency of the charitable
company.
Going concern
The directors of the charitable company are satisfied that there are no material uncertainties concerning the
charitable company's ability to continue as a going con¢¢rn for a period of at least 12 months from the date
of approval of the financial statements. Accordingly, thc financial stat¢ments continue to be prepared on
the going concern basis.
Fund accounting
Unrestricted funds are those available for use at the discretion of the directors in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Restricted funds arc those that are to be used in accordance with the sp¢cific restrictions imposed by
donors or which have been raised by the charity for particular purposes. Designated funds are eannarked
by thc directors for particular purposes.
Income
Giving - Collections are recognised when received by or on behalf of the Church. Planned giving under
Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is iecognised
when the income is recognised. Grants and Icgacies ar¢ accounted for as soon as the Church is notified of
its legal entitlement, the amount due is quantifiable and its ultimate receipt by the Church is certain.
Covenanted donations from The Durhatn Centre are recognised on an accruals basis.
Investment income- Interest entitlements are accounted for as they accrue.
Grants
Government Grants that compensate the charitable company for expenses incurred are
recognised in the statement of financial affairs on a systematic basis in the same period in which the
expenses are incurred.
Expenditure
Charitable aclivities
The cost of charitable activities represents the cost of undertaking the charity's
objectivcs. All expenditure is accounted for on an accruals basis. 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 settleinent and the amount of the
obligation can be measured reliably. Value added tax is not recoverable by the charitable company and as
such it is included in the relevant costs in the Statement of Financial Activities.
Pagell

EIIIMANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
Tangible fixed assets and depreciation
Tangible fIxed assets are initially recorded at cost and are subsequently stated at cost less any accumulated
depreciation and impaim]ent losses.
Depreciation is calculated so as to write off the cost of an asseL less its estimated residual value, over the
useful economic life of that asset as follows:
Fixtures, fittings and equipment
Freehold property
Leasehold property
25 % pcr annum reducing balance
over 20 years
over the term of the lease
Impairnient of fixed assets
Properties, fixtures, fittings and equipment are reviewed for impairment if events or changes in
circumstances indicate that the carrying amount of such assets may not be recoverable. If there is an
indication of possible impairn]ent, the recoverable amount of any affected asset is estimated and compared
against its carrying amount. Where thc estimated recoverable amount is lower, an impairn]ent loss is
recognised immcdiatcly in thc Statement of Financial Activities.
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses from impairment are recognised in expenditure.
Concessionary loans received
The charity initially recognises and measures concessionary loans at the amount received. The carrying
amount is adjusted in subsequent years to reflect repaymcnts and any accrued interest.
1.10 Operating leases
Rentals payable under operating Icases are charged to the Statement of Financial Activities on a straight-
line basis over the term of the Icase.
1.1 l Defined contribution plans
The charitable company operates a defined contribution pension scheme for its staff. The scheme and its
assets are held by independent managers. The pension cost charge in th¢ fInancial statements represents
contributions due from the charity for the year.
1.12 Voluntary assistance
Time is expended on the charity's activitics and govemance which is donated free of charge. It is
impractical to quantify th¢ value of the time given, and accordingly it is neither recorded as donated
income nor as an expense in the financial statements.
Page 12

EMMANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EIYDED 31 MARCH 2025
(continued
Income from giving
Unrestricted
funds
Restricted
funds
Total
2025
Total
2024
Building fund
Tithes
Offerings and gifts
Gift aid recoverable
941
941
309,434
81,150
74,651
3,405
292,476
68,589
70,898
309,434
80,985
74,416
165
235
464,835
1,341
466,176
435,368
Investment income
Interest on cash deposits
2,118
2,118
1,542
2,118
2,118
1,542
Charitable activities
Gifts (below)
Global reach
Ministry fees and cxp¢ns¢s (note 6)
Activities Cxpcnditure
Administration, including Computer costs
Insurance
Rates
Utilities
Bank charges
D¢preciation
Repairs and maintenance
Legal and professional
Indepcndcnt cxaminer's fees
Loan interest
Building project costs
27,270
4,348
109,346
147,731
29,483
3,269
3,272
14,657
2,365
104,321
15,358
4.150
2,785
62,149
2,304
27,270
4,348
109,346
148,735
29,483
3,269
3,272
14,657
2,469
104,321
15,358
4,150
2.785
62,149
3,480
35,736
109,991
127,722
15,977
3.256
3,522
19,394
2,280
93,460
5,908
5.011
2,580
62,934
42.049
1,004
104
1,176
532,808
2,284
535,092
529.820
Gifts comprise:
2025
2024
India giving
Regions Beyond UK (note 6)
Ministry
Needy
Other
1,945
12,100
10,495
1,950
780
3,250
13,700
16,168
442
2,176
27,270
35,736
Page 13

EMMANUEL CHURCH DtlllHAM
(a Company limited by guarantee without Share Capital)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
(continued)
Staff costs
Staff costs were as follows..
Total
2025
Total
2024
Salaries and wages
Social security costs
Pension costs
136,426
7,012
120,450
5,509
147,665
129,005
No employee received emoluments above £60,000 pa. in the year. The avcrage number of staff employed
by the charity, including directors, during the year was 8 (2024.. 7).
Directors, remuneration, related party transactions and key management personnel
Two of the directors are engaged in Ministry and in accordance with the charitable company's constitution,
Ministy fccs and salaries were paid to them during the year.
Ministy fees, salaries and expenses for the y¢ar were..
GABell
I J Portwine
Ministry fees
Ministry salaries
Wife's support
Expenses
39,244
46,183
6,968
3,860
3,666
8,858
I J Portwine is also a director of Regions Beyond UK (note 4).
Key managemcnt personnel are considered to comprise the directors and elders.
Net income for the year
Net income is stated after charging:
Total
2025
Total
2024
Depreciation
Independent examiner's fees
104,321
2,785
93,460
2,580
Page 14

EMMANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
NOTES TO THE F￿ANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
(continued)
Tangible fixed assets
Freehold
property
Leasehold
property
Fixtures
& fittings
Total
Cost
At l April 2024
Additions
Disposals
2,715,853
16,562
249,014
231,543
274
3,196,410
16,836
At 31 March 2025
2,732,415
249,014
231,817
3,213,246
Depreciation
At l April 2024
Charge for the year
Elimination on disposal
827,805
82,826
16,602
2,767
156,630
18,728
1,001,037
104,321
At 31 March 2025
910,631
19,369
175,358
1,105,358
Net book amount
At 31 March 2025
1,821,784
229,645
56,459
2,107,888
At 31 March 2024
1,888,048
232,412
74,913
2,195,373
All asset5 are held to further the main objects of the charity.
Investments
The charitable company owns all of the seven issu¢d shares of The Durham Centre Limited, a company
registered in England. th¢ company provides a range of flexible, modern, well-resourced meeting
solutions. Further details of the subsidiary undertaking's results for the year are outlined in note 16.
10.
Debtors
2025
2024
Accounts receivable
Gift aid re¢ov¢rable
Other debtors
Prepayments and accrued income
Amount owed by subsidiary undertaking
71.360
3,698
5,887
68,247
4,709
7,665
96,667
131,256
Page 15

EMMANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
(conlinued)
11.
Cash at bank and in hand
2025
2024
Bank deposit accounts
Bank current accounts
Cash in hand
1,641
177,273
419
1,631
136,108
419
179,333
138,158
12.
Creditors: amounts falling due Ivithin one year
Bank loans (secured)
Trade creditors
Other taxes and social security costs
Accruals and deferred income
Other creditors
27.665
3,308
3,259
9,781
23,108
12,596
2,297
6,877
45,048
46,818
13.
Creditors: amounts falling due after
more than one year
Bank loans (secured)
Other creditors
735,570
766,190
735,570
766,190
The main bank loan is fully secured on the freehold and leasehold properties. It is repayable by instalments
expiring in 2041. The amount duc at 31 March 2025 is analys¢d as follows..
Within onc year
between one and two years
between three and five years
aftcr mor¢ than five years
19,605
19,605
58,817
640,205
The charitable company took out a Gov¢rnm¢nt backed bounc¢ back loan of £50,000 in 2021. which is
repayable in equal instalments over 10 years.
Page 16

EMMANUEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IVIARCH 2025
(continued)
14.
Fund movements
Balance
atl
April 2023
Incoming Outgoing Transfers
resources
resources
Balance
at31
March 2024
Unrestricted
General
1,648,451
484,967
(532,808)
1,600,610
Restricted
Building fund
Children's work
Beyond Ourselves
1,176
165
275
(1,176)
(165)
943
1,651,786
486,583
(535,092)
1,603,277
Balance
atl
April 2023
Incoming Outgoing Transfers
resources
resources
Balance
at31
March 2024
Unrestricted
Gcncral
1,700,505
472,490
(524,544)
1,648,451
Restricted
Building fund
Children's work
Beyond Ourselves
4,255
165
(4,255)
(165)
856
1,701,644
479.962
(529,820)
1,651,786
The Gcncral reserve represents the free funds of the charity which are not designated for particular
purposes.
The Building fund is restricted to the development of the Durham site.
The Children's work fund is restricted to work with children in the Church and the local community.
Beyond Ourselves is a fund which is restricted for use in home and overseas missionary and relief work.
This includes relief to individuals with debt management issues.
Page 17

EM￿IANuEL CHURCH DURHAM
(a Company limited by guarantee without Share Capital)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
(continued)
15.
Analysis of net assets
Fixed
assets
Net
current
assets
Creditors
due over
one year
Total
2024
Unrestricted funds
General
2,107,895
228,285
(735,570) 1,600,610
Restricted funds
Beyond Ourselves
2,107,895
230,952
(735,570) 1,603,277
16.
Subsidiary undertaking
The Durham Centre Limited traded during the year providing a range of flexibl¢, modern, w¢ll-r¢sourced
meeting solutions. Trading continued to be strong in the year and a net profit of £9,31 O arose. £9,500 has
been paid to Einmanuel Church Durham by way of deed of covenant.
17.
Reconciliation of net debt
31 March
2024
Cash
flows
Non cash
31 March
2025
movements
Cash and cash equivalents
138,158
41,175
179,333
Bank loans due within one year
-23,108
26,063
-30.620
-27,665
Bank loans due over one year
-766,190
30.620
-735,570
Net debt
-651,140
67,238
-583,902
Page 18