Charity Number: 1129533 Heaton Moor Evangelical Church {Operating as Emmanuel Community Church) Annual Report and Unaudited Financial Statements for the financial year ended 30 September 2024
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) CONTENTS Page Reference and Administrative Information Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities 10 Balance Sheet Notes to the Financial Stalements 12-20
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Mr A Bradley (Elder & Lead Pastor) (Appointed 1 October 20231 Mr S Cook {Elderl MrA Cooper (Elder) Mr S Fomian (Managing Deacon & Administrator) Mr D Ingram (Managing Deacon & Chair of Trustees) Mr C Johnson (Elder & Associate PaslorlEvangelistl MrA B Senior (Elderl (Appointed 12 March 20251 Mr P Slack {Elderl Dr J A Van den Berg (Managing Deacon & Treasurer) Mr J Wathins (Elder) Charity Number in England and Wales 1129533 Principal Address 55 Green Lane Heaton Moor Stockport SK4 3LH Ind•p•ndent Examlner Steven Nixon 8Sc (Hons) FCCA Langers Chartered Certified Accountants and Registered Auditors 8-10 Galley Road Cheadle Cheshire SK8 1PY Prlnclpal Bankers The COperatiVe Bank PO Box 250 Skelmersdale WN86 Barclays Bank 1 Churchill Place London E14 5HP Solicitors Edward Connor Solicitors 10 The Point Market Harborough LE16 7QU
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) TRUSTEES. REPORT for the financial year ended 30 September 2024 The trustees present their Trustees, Report and the unaudited financial statements for the financial year ended 30 September 2024. The financial statements are prepared in accordance with the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charilies.. Statement of Recommended Practs'ce applicable to charities preparing their financial stalemenls in accA)rdanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Truslees. Report contains the infomation reqUId to be provided in the Trustees, Annual Report under the Statement of Recommended Practice (SORPI guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees. In this reFQrt the trustees of Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) present a summary of its purpose, govemance, activities. achievements and finances for the financial year 30 September 2024. The charity is a registered charity and although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements. Mission, Objectives and Strategy Objectives The proclamation and furtherance of the Gospel of God concerning his Son Jesus Christ our Lord and the preaching and leaching of the Word of God as carried on by Heaton Moor Evangelical Church. The trustees have also reviewed the Charity Commission guidelines on public benefit and have mel throughout the year to consider the additional policies and activities of the church. The trustees believe that these benefit the public by providing opportunities to meet as a community. lo serve one another and lo provide seNice lo or otherwise assist those individuals in need because of social exclusion, povety, disability or lack of opportunity. Strategy Proclamation of the gospel in word and action is a key emphasis in the activities of HMEC. Our Sunday services are for worship, teaching and prayer and are beneficial in helping the church community to live out their faith in their daily living. All are welcome lo our Sunday services. Activities for all ages, from babies to those in later stages of life. are undertaken with the aim of showing the love of Jesus Christ to all who come and providing an opportunity to present the message of the Gospel, through individual conversations or more fomial presenlalions. Normal activities include the followng Sunday Morning services, including crèche and children's and youth groups Oasis- a weekly meeting for over 55's 2 Parent & Toddler Groups- weekly sessions for young families Dads and Kids- a monthly session for dads and kids Parent & New Baby Group - a weekly session Parenting Skills courses Children and youth groups - weekly clubs Growth Groups meeting weekly for Bible study. prayer and mutual encouragement Groups for men and women A monthly church family prayer meeting • 321 evangelistic courses for any who express an interest in investigating the Christian faith Community Fundays Holiday Bible Club for Primary School children Grow, a year-long leadership development programme Coffee & Prayer - pastoral sessions with people in need of addits'onal pastoral care. Training and equipping for those who preach HMEC makes granls or donations to individuals and organisations who are seeking to promole the Christian faith by word and in action. both in the UK and Intemationally. Recommendations are made to the twslees by a small group of church members known as Ihe Global Vision Group. HMEC relies on teams of volunteers lo work with members of staff in delivering its programme of activities and events. Roles undertaken by volunteers include Playing music lo support worship Overseeing audiolvisual presentation Providing catering Befriending adults and families Pastoral Care
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) TRUSTEES. REPORT for the financial year ended 30 September 2024 Delivering Bible teaching io small groups of children, youth and adults Organisation of social events • Carrying out building maintenance Structura. Governance and Management Structure The charity is constituted as an unincorporated charity, established by Trust Deed dated 29 February 1972, as amended 10 May 2010 and S December 2016. The goveming document of the charity is the Trust Deed establishing the charity. There are no restrictions in the goveming documents on the operation of the Charity or on its investmeni powers other than those imposed by Charity Law. Governance Regular meetings of the trustees ensure that there is agreement over direction and expenditure. The trustees are appointed to serve the members of the church and some decisions (as set out in the Rules within the Trust Deed) can only be taken following a vole of the membership. The trustees have delegated first line operational responsibility for issues such as the protection of children and vulnerable adults to small groups or individuals. Any newly appointed trus18es are given the lalest trustees annual reports and financial statements of the charity, the Trust Deed and notes on the duties and responsibilities of trustees. The Charity employs a Pastor, a Community Evangelist, a part-time Families worker, a part-time Administrator and two cleaners. HMEC IECC) is affiliated to the FIEC and is a member of the Northwest Gospel Partnership. The methods used to recrult and appolnt new charlty trustees Al a formally convened church members, meeting. the members of HMEC elect Elders and Deacons. The Elders and three Deacons are collectively named as Church Officers and they hold the position of Managing Trustee. The Federation of Independent Evangelical Churches IFIEC) act as legal advisers and FIEC Ltd is the Holding Trustee, holding propety title deeds and other legal contracts in trust for HMEC. The Holding Trustee has no other powers regarding the governance and management of the charity. Throughout this document when reference is made to trustees, that is taken to mean Ihe Managing Trustees. Review of Activities, Achievements and Perforniance For all of the period under review, the church has sought lo fulfil its objeclives. Our Sunday moming gatherings are ¢entred on the Word of God. Our preaching tries to be faithful to the passage. pointing people lo Jesus and applying the Scriptures in relevant ways. We enjoy singing praises, praying to our Almighty God and sharing communion with one another. The majority of the teaching on Sundays was delivered by the Lead Pastor and Associate Pastor, with a number of members of the congregation supplementing the programme. The trustees are particulady grateful to all the people who have contributed lo this worf(. The facilities at Houldsworth Mill have allowed for the chIldn and young people to Èngage in appropriate, age-relaled activities during every servi. Our midweek groups largely take place at our Healon Moor site. The midweek clubs for children and teenagers, i.e. Mini's (Reception and Yrs.1-21, Rise Iyrs. 3-6) and Shine Iyrs. 7-131 are attended by children and young people from the church and the community. They usually meet each week during school lemi times. In addition to weekly activities, we have run a Children's Holiday Club during the Summer Holidays at the Reddish base. The church has been able to continue its FKipular weekly Parent and Toddler Groups, and a Parent and Baby Group under the leadership of our Family worker and her team ofcommitted volunteers. A new parent Toddler group that had started at the Reddish site continues lo do well and provides support and an acb'vity for members of our community. Out of these groups Ihere continues to be an appetite for special events such as Parenting Skills Courses and Bible studies and a separate group for Dad's and Toddlers once a month on a Saturday morning. We have still sought lo provide pastoral and practical care where possible. Help such as providing groceries, hol meals, housing, clothes and more for less fortunate members of our community, has been a pleasure to be able to address. We are in the process of seeing how we can further expand our social justice ministry by seeking links with various charities and by looking lo take on a volunteer to head this activity up. The church's weekly Oasis group for those over 55 years ofage is a great time of Bible Study, exercise classes, lunches,
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) TRUSTEES, REPORT for the financial year ended 30 September 2024 films, quizzes, etc. Thanks to an excellent team of volunteers, we have continued to provide spiritual and emotional support as well as friendship during what has been a very difficull time for our elderty. Family, women's and men's social evenls are arranged from time to lime to build bridges with our community and the parents of the children who attend our mid-week clubs. developing relationships which provide opportunities for support. friendship and sharing our faith. Our summer Fundays, at the Reddish base, has broughl us great favour the k)cal community who enjoy the free afternoon of fun. HMEC remains committed lo providing pasloral care both to those who attend the church and those who live in the local area who seek our care. Within the church this is largely organised through Growth Groups {smaller groups made up mostly by those who attend our regular Sunday meetings). They meet weekly for Bible study, prayer and mutual encouragement. However, the Staff and Elders also spend time visiting. teaching and praying with those who request it. We have also launched One20ne groups that provide prayerful support for members in pairs. The Church is committed to training and equipping new and emerging leaders. As part oflhis, we appointed a Ministry Trainee in September 24, funded by members pledging the necessary financial support. We anticipate that this will be regular part of our role as a church in future years. Finanelal RevSew The accounts have been prepared on the accruals basis and have been independently examined in accordance with the requirements of the Charities Act. The principal source of income is donations from the congregation and other contacts. Donors are encouraged to make use of the Gift Aid facility where possible. Expenditure consists mainly of the cost of employment of those we consider necessary to fulfil our objectives, the costs of premises from which to fulfil our objectives and donatsons lo groups whose objectives we believe lo be aligned with ours. Our long-term reserves of around 2 months of expenditure are held in a deposit account wilh Ihe Cowoperative Bank. During the year, income from unrestricted funds was £222,48012023: £191,828), and income from restricted funds was £14,388 (2023.. £14,148). 2023 £13.489 gain on investments in unrestricted funds relates lo the investment income 8arned on the pastor's initial loan, related lo thè share of equity in the property he sold. Expenditure from unreslricled funds tolaled £237.12012023.' £183.735}. and consisted mainly of staff costs. rent, repairs. mission giving, utilities, and dèpréciation. Expenditure from restricted funds lolaled £19.934 {2023- £54.0441, consisting of staff salaries for th8 Evangelist, together with support lo individuals through the social fund, and GLOW Fund. 2023 reslricled expenditure also included staff salaries for Women's worker and a gift to the fomier pastor. The overall result for the year was net expenditure on unrestricted funds before transfets of £14,64012023'. net income £21,582). Restricted funds decreased by £5,546 before transfers {2023'. £39,896 decrease). The result across all funds was an excess of expenditure over income of £20,18612023: Excess expenditure £18,314) It is nol possible lo quantify, in financial temis, the work done by the many volunteers but the Trustees recognise and are grateful for this. Results and Dividends At the end of the financial year the charity has assets of £640.747 {2023 - £660,150) and liabilili8s of £4,18812023 - £3,405). The net assets of the charity have decreased by £{20,186). Resenies Posltlon and Pollcy The trustees recognise the need for the charity to establish and maintain reserves to enable it to continuè to carry out its charitable objectives in the event of unforeseeable matters arising, such as falling levels of donations or any urgent and unexpeded expendilure. Free Reserves presents the lotal unrestricted funds of the charity less amounts tied up in fixed assets, on the basis that these cannot be sold without affecling the achievement of charitable objectives. The Trustees aim lo retain sufficient Free Reserves to rneel three months expenditure Ic£60k). In addition, from time to time, should it be justified by plans for significant proiecls, we may hold a greater amount. and these may be held as specific designated funds. The Free Reserves are £122,754 12023.. £212,056,) which is significantly higher than necessary at 6 months, costs {2023.' 12 monlhs'l. Budgets for 2024125 anticipate another year of investment in additional staff and outreach projects, which will reduce free reserves in line wlh the policy. Further delails of funds are set out in the notes of the Financial Statements.
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) TRUSTEES, REPORT for the financial year ended 30 September 2024 Principal Risks and Uncertainties The truslees have considered the key risks affecting the charity, and taken steps to mitigate them. They have identified the key risks as being.. Failure to maintain church buildings in a g(K)d state of repair, Failure to comply with the terms of the lease re Houldsworth Mill Inherent risks associated with employment of staff. The Iruslees believe that these risks are minimised by regular meetings, development and monitoring of policies and procedures and regular consideration of financial infomiation. Compliance with Sector-wide Legislation and Standards The charity engages pro-actively with legislalion, standards and codes which are developed for the sector. Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) subscribes to and is compliant wilh the following.. The Charities SORP IFRS 102) Plans For the Futurè Having established a multisite model of church life. the trustees remain committed to deepening our outreach in the Reddish community while maintaining and regularty reviewing our long-stsnding presence in the Heatons. With the appointment of Adam Bradley as Lead Pastor. the trustees took sieps to strengthen the leadership team for a new season of growth and ministry. This included the appointment of Chris Johnson as Associate Pastor and Ben Rochford as Ministry Traine8. Looking ahead, the trustees have identified s8V8n key areas of development that will shape our direction over th8 coming years.. March 2026.. Participate in Passion for Life. a nationwide initiative to equip and encourage churches in evangelism. 2025.. Appoint three new roles to strengthen the core of the church's ministry: o Social Action Coordinator ooperations Manager oyoulh Worker Autumn 2026: Host a whole<hurch away weekend. viith a view to èstablishing a rhythm of similar events in 2028 and 2030 (Strengthening the Corel. 2026.. Organise and send a church-led mission team to serve in a cross•cullural context (Mission}. 2025.. Clarify our theological distinctsves and develop a dedicated teaching senes lo seNe the discipleship of the whole church. By the end of 2026.. Pray, plan, and lay the foundations for a third church sile, with Ihe airn of establishing a small gathering by this point Imultisitel. Ongoing.. Review and refine our intemal struclures, govemance, and decision4naking processes lo support healthy growth and accountability Istrenglhening the Corel. These stralegic developments are ntral lo advancing the church's mission and vision, and the trustees are confident that each step will further our ability to serve both our wmmunities and congregation faithfully. Finally, the trustees Continue to work towards the estsblishment of a new Charitable Incorporated Organisalion (CIO), which will ultimately replace the HMEC Trust. Although this has been a complex and lime-consuming process, il is hoped thal the transition wll be compleled during 2024125. Custodlan Truslees holdlng assets on behalf of the charlty The details of persons holding title to property belonging to the Gharity. as custodian trustees. or nominees, al the dats the accounts were approved were '_ The Fellowship of Independent Evangelical Churches Limited (FIEC) 2310712025 Approved by the Board of Trustees on and signed on its behalf by: Dr J A Van den Berg (Managing Deacon & Treasurer) Trustee
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 30 September 2024 The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as al the financial year end date and of the surplus or deficit of the charity and otherwise comply wilh the Charities Act 2011. In preparing these financial statements, the trustees are required to= select suitable accounting policies and apply them consistently; make judgements and accounting estimates Ihal are reasonable and pnjdent. state whether the financial statements have been prepared in accordan with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards,. and prepare the financial slalements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial st8lements. The truslees are responsible for keeping adequate accounting records thal are sufficient to show and explain the charity's transactions and 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 Acl 2011. 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. 2310712025 Approved by the Board of Trustees on and signed on its behalf by: Dr J A Van dèn Berg (Managlng Dèacon & Troasurèr) Trustee
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF HEATON MOOR EVANGELICAL CHURCH (OPERATING AS EMMANUEL COMMUNITY CHURCH) I have examined Ihe financial statements ofthe charityforthe financial yearended 30 September 2024, which comprise the Statement of Financial Activities. the Balance Sheet and the related notes. This report is made solely to the charity's members, as a body, in accordance with section 145 of the Charits'es Act 2011. My work has been undertaken so that I might compile the financial statements that I have been engaged lo compile, report to the Board of Trustees that I have done so. and state those matters that I have agreed lo slate to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's members, as a tthy, for my work, or for this report. Rèspectivè rèsponsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements in accordan wilh the requirements of the Charities Act 2011. The charity's trustees consider that an audit is not required for this financial year under Section 145 of the Charities Act 2011 and that an independent examination is required. It is my responsibility lo: examine the financial statements under section 145 of the Act; follow the procedures laid down by the general Directions given by the Charity Commission undar section 145151 of the Charities Act 2011., and state whether particular matters have Come to my attention. Basis of independent examinerfs report My examination was carried out in accordance With the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the Iruslees concernin9 any such mallers. The procedures undertaken do not provide all the eviden that would be required in an audit and ¢onsequenlly no opinion is given as to whether the accounts present a 'true and fair, view and the report is limiled to those matters sel out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any matèrial resp8cl'. accounting records were nol kepl in accordance with section 130 of the Charities Act 2011 the financial statements do not accord with those accounting records the financial stalemenls do nol comply with the accounting requirements of the Charilies Act the financial statements have not been prepared in accordance with the Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) there is further information needed for a proper understanding of the accounts to be reached. 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 lo enable a proper understanding of the financial slatemenls to be reached. Steven Nlxon Bsc {Honsl FCCA LANGERS Chartered Certified Accountants and Registered Auditors 8-10 Gatley Road Cheadle Cheshire SK8 1PY 24 July 2025
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 30 September 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Income Donations and legacies Charitable activities Evangelical Church Other trading activities Investments 213.408 14.388 227.796 185,324 14,148 199,472 135 8,325 612 135 8,325 612 110 6,170 224 110 6,170 224 Total income 222.480 14,388 236.868 191,828 14,148 205,976 Expenditure Charitable activities 237,120 19,934 257,054 183.735 54.044 237,779 Net gainsl{lossesl on investments 13,489 13,489 Net incomellexpenditurel (14,640 (5,546) (20,186) 21.582 139,8961 118.314) Transfers behveen funds (430 430 18,844 118,8441 Net movement in funds for the flnanclal year (15,070 (5,116) (20,186) 40,426 158,7401 118,314) Reconclllatlon of funds: Total funds gInnIng of the year 15 595,399 61,346 656,745 554,973 120,086 675,059 Total funds at the end of the year 580,329 56,230 636,559 595,399 61,346 656,745 The Statement of Financial Activilies includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 12 to 20 form part of Ihe financial statements 10
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) BALANCE SHEET as al 30 September 2024 2024 2023 Notes Fixed Assets Tangible assets Investmenls 378,757 80.000 383,343 458,757 383.343 Current Assets Debtors Cash at bank and in hand 10 4,017 177.973 3,168 273,639 181,990 276,807 Crèdltors: Amounts falling duè wlthln one year 11 (4,1881 {3,405) Net Current Assets 177,802 273,402 Total Assets less Current Llabllltles 636,559 656,745 Funds Restricted trust funds Designated funds {Unrestric18dl General fund (unrestricted) 56,230 378,757 201,572 61,346 383,343 212,056 Totsl funds 15 636,559 656,745 The financial statements have been prepared in accordance wilh the provisions applicable to companies subject to the small companies. regime and in accordance with FRS 102 Yhe Financial Reporting Standard applicable in the UK and Rèpublic of Iréland" applying Section 1A of that Standard. Approved by thè Board of Trustees and authorlsed for Issue on behalf by 2310712025 and slgned on Its Dr J A Van den Berg (Managing Deacon & Treasurer) Trustee The notes on pages 12 to 20 form part of Ihe financial statements 11
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 GENERAL INFORMATION Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) is a charity incorporated in England. The registered office of the charity is 55 Green Lane, Heaton Moor, Stockport, SK4 3LH which is also the principal place of business of the charity- The financial statements have been presented in Pound {£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting pvjlicies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concem basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORP) "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" applying Section 1A of that Standard. As pemiitted by the Companies Act 2006, the charity has varied the standard fomials in that act for the Statement of Financial Activities and the Balan Sheet. Departures from the standard fornals are lo comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. The Charity is public benefit entity. Statement of compliance The financial statements of the charity for the financial year ended 30 September 2024 have been prepared on the going concem basis and in accordance with the Statement of Recomménded Practice ISORP}"Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicabl8 in th8 UK and R8public of Ir8land FRS 102" applying Section 1A of that Standard. Fund accounling The following are the calegones of funds maintained: Restrlcted funds Restricted funds are subjeded to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. Unrestrlcted funds Unreslricled funds are available for use at the discretion of the trustees in furlherance of the general objectives of the charity. Designated funds are unrestricted funds eamiarked by the Truslees for particular purposes. Income Income is cOgnised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item{sl of income have been mel, the amounts involved can be measured with suffioent reliability and it is probable that the income will be received by the charity. Where conditions are imposed which restrict the use of the income to specific purpose then il is included in income under restricted ftjnds when it is due. Donations and legacies Income from donations and grants, including capital grants and donations, is accounted for when these are receivable, except when Ihey relale to future accounting periods or when the donors or granlors impose pre- conditions that have not been met. In these cases the income is deferred until the future period andlor the conditions have been met. Tax refunds are recognised at the same time as the income to which they relate. Legacies are accounled for when the Charity is legally entitled to the amounts due. Inveslmenls Investment income is accounted for when it is received. 12
continued Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 Expendilure Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure lo which it relates. Charitable expenditure comprises those costs inCued by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary io support them. Govemance costs include those costs associated with meeting the slatutory requirements of Ihe charity. Tangible fixed assets and depreciation Properties owned by Ihe charity are considered functional assets and are included in the balance sheet at either cost less depreciation or trustees valuab"on. Expenditure on the building which is considered to be of 8 maintenance nature is not capilalised but written off in the year the work is done. The open market value of functional propety may be in excess of Its recorded net book value. Valuations are not carried out in respect of buildings on the basis that there is no intention to dispose of them, and to pay for a valuation would not be considered good use of the assets of the Charity. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value. over their expected useful lives as follows.. Land and buildings freehold Fixtures, fittings and equipment 1% & 2Q/o on cost less residual value 20 /0 on cost less residual value Leaslng Rentals payable under operating leases are dealt wilh in the profit and loss accounl as incurred over the period of the rental agreement. Invèstmenls Investments held as fixed assets are stated at cost less provision for any pemianent diminution in value. Income from other financial fixed asset investments together with any related tax credit is recognised in the profit and loss account in the financial year in which it is receivable. Debtors Debtors are recognised at the seluement amount due after any discount offered. Prepayments are valued at the amount prepaid netof any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received al financial year end, is included in debtots. Cash at bank and in hand Cash 81 bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxation The Trustees consider that the charity satisfies the tests set oul in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation lax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent thal such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity. and is therefore induded in the relevant costs in the Statement of Financial Activities. Pensions The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Annual contribulions payable to the charity's pension scheme are charged to the profit and loss account in the period to which they relate Financial Instruments Financial instruments including cash and bank balances Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, a shown at the amounts properly reconciled to the bank statemenls. 13
continued Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2024 2023 Small donalions individually less than £1000 Donations individualty greater than £1.000 Stockport MBC Small grants individually less than £1000 Warm Welcome Space Grant 201,308 12,100 5.363 8,025 206.671 20,125 181,024 15,250 1,980 218 1,000 1.000 1,000 213.408 14.388 227,796 199,472 Prior year restricted income; Small donations individually less than £1,000 £6,152; Donations individually greater than £1,000- £5.000- Stockport MBC - £1.980: Small grants individually less Ihan £1.000- £18,. Wam Welcome Space Grant - £1.000. CHARITABLE ACTIVITIES Unrestrlcted Restricted Funds Funds 2024 2023 Evangelical Church: Youth Activities 135 135 110 All prior year income unrestricted. OTHER TRADING ACTIVITIES Unrestrlcted Restrlcted Funds Funds 2024 2023 Income from letting and licensing of property for non charitable purposes 8,325 8,325 6,170 All prior year income unrestricted. INVESTMENTS Unrestricted Restricted Funds Funds 2024 2023 Bank Interest Receivable 612 612 224 All prior year income unrestricted. EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs Other Costs Support Costs 2024 2023 Gross wages and salaries Employers, Nl Defined contribution pension costs Travel and Subsistence Visiting Preachers Calering Small items used in services Internal organisations Evangelism Mission giving Training and welfare - slaff Recruitment & relocation expenses Pastols expenses Rent 24.492 270 5,972 1.295 300 4.497 230 2.699 6,983 17,530 24,492 270 5,972 1.295 300 4.497 230 2,699 6,983 17,530 6.980 6,928 1.022 35,927 33.884 221 4.226 619 330 4,464 153 2,789 6.585 33.952 3,298 4.060 310 34,883 14 6.980 6,928 1.022 35,927
continued Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 Rates and water charges Light heal and power Cleaning and waste management Premises repairs, renewals and maintenance Propety insurance Telephone, fax and intemet Stationery and printing Software licences and expenses Other legal and professional Depreciation & Amortisation in total for the period Govemance Costs (Note 4.2) 1,847 10.716 1,102 8.620 1,847 12,085 1,102 8.620 1,629 8,746 1.324 11,525 1.369 6.699 2.700 2.124 5.866 1,038 4.586 6,699 2.700 2,124 5.866 1,038 4,586 5.949 2,751 1,869 5,764 828 5,524 93,714 1.548 95,262 62,096 160,373 96.681 257,054 237,779 Restricted expenditure.. Gross wages and salaries - charitable activities - £3.58312023 £7.856)'. Employers Nl charitable aclivilies - £0 (2023 £5281., Catering - £597 12023 £5011,. Intemal organisations £0 {2023 £48); Evangelism - £012023 £135)., Mission giving - £1.791 (2023 £17,402). GOVERNANCE COSTS Direct Costs Other Costs Support Costs 2024 2023 Independent Examine$ fees Trustees, remuneration NIC on Trustees, remuneration 1,548 1,548 91,499 2,215 1,500 58,765 1,831 91,499 2.215 93,714 1,548 95,262 62,096 Restricted expenditure., Trustees remuneration - £11,864 (2023 £24,886); NIC on Truslees remuneration - £640 12023 £9871. SUPPORT COSTS Charltable Govemaneè Actlvltles Costs 2024 2023 Support 95,133 1.548 96.681 82,483 Restricted expenditure-, Light heat and power- £1,36912023 £1,643)- Stationery and printing - £90 {2023 £591. NET INCOME 2024 2023 Net Income Is stated after charglngl(credltlng): Depreciation of tangible assets Operating lease renlals Land and buildings Independent Examinerfs remuneration- independent examinalion seNices 4,586 5.524 35,927 34.883 1,548 1,500 INVESTMENT AND OTHER INCOME 2024 2023 Rent re1vable - other income Sundry income Bank interest Surplus on disposal of investments 8.325 135 612 6,170 110 224 13,489 9.072 19,993 15
continued Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed {including executive trustees) during the financial year was as follows.. 2024 Number 2023 Number Charitable Activities The staff costs (inclusive of truslees. salaries) comprise: 2024 2023 Wages and salaries Social security costs Pension costs 115,991 2,485 5,972 92,649 2,052 4,226 124,448 98,927 No employees received emoluments (excluding pension costs) in excess of £60,000 per annum. TANGIBLE FIXED ASSETS Land and Flxture8, buildings fittings and freehold equipment Total Cost At 30 September 2024 417,778 70,836 488,614 Depreclatlon At 1 October 2023 Charge for the financial year 34.665 4,356 70,606 230 105,271 4,586 At 30 September 2024 39,021 70,836 109,857 Net book value AI 30 September 2024 378,757 378,757 At 30 September 2023 383.113 230 383.343 INVESTMENTS Other investments Inveslmenls Addition5 80.000 At 30 September 2024 80,000 Net book value At 30 September 2024 80.000 See Loans to Trustees note. 16
continued Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 10. DEBTORS 2024 2023 Other debtors Taxation and social security costs (Note 12) Prepaymenls and accrued income 278 2,893 846 118 2.917 133 4.017 3,168 11. CREDITORS Amounts falling due within one yèar 2024 2023 Bank overdrafts Taxation and social security costs (Note 12) Other creditors Accruals and deferred income". Pension accrual Other accruals 591 234 720 278 1,484 1,879 673 1,734 4,188 3.405 12. TAXATION AND SOCIAL SECURITY 2024 2023 Debtors: Income tax PAYE I NI 2,893 2,226 691 2,893 2,917 Creditors: PAYE / NI 234 13. PENSION COSTS - DEFINED CONTRIBUTION The charity operates a defined contribution pension scheme. The assels of the scheme are held separately from those of the charity in an independently administered fund. Pension costs amounted to £5.97212023 - £4,226). Unpaid contributions outstanding at 30 September 2024 amounted to £1,484 (30 September 2023 - £673). 14. RESERVES 2024 2023 At the beginning of the year Deficit for the financial year 656,745 {20,186} 675.059 118.314) At the end of the year 636,559 656.745 17
continued Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 15. FUNDS 15.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 October 2022 Movement during the financial year 554,973 40,426 120,086 (58,740) 675,059 118,314) At 30 September 2023 Movement during the financial year 595,399 {15,0701 61,346 15.116) 656,745 120,186) At 30 September 2024 580.329 56,230 636,559 15.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 October 2023 Income Expendlturè Transfers Balancé between30 September funds 2024 Restrlcted funds Social Fund Evangelist Houseparty Glow Fund Ministry Trainee 3,253 52,483 787 4,823 31 4,060 1.791 12,504 1,493 44,039 787 326 9,585 1,142 9,155 5,639 430 61,346 14,388 19,934 430 56,230 Unrèslrlcted funds Designated Fixed Asset Funds Unréslricl8d G8n8ral 383.343 212.056 4,586 232.534 378,757 201,572 222.480 14301 595.399 222.480 1237,1201 14301 580,329 Total funds 656,745 236,868 257,054 636,559 Unreslricted and designated funds:. Unreslricled Revenue Funds Free reserves represent funds that are not reslricled or designated for specific purposes or invested in fixed assets. The trustees have $01Ved lo hold free reserves at a minimum of 3 months, running costs which would be c£60,000. Excess free reserves have been used in recent years to fund maintenance work at Green Lane and pay for additional staff and this will continue into the future. Designated Fixed Assel Funds The charity has invested some of its general funds in the building on Green Lane, in furniture and equipment at both sile5. and the long term loan to the Pastor. As there is no inlenlion lo dispose of the assets, these fund5 are not considered to be readily available for the charity to use in its day to day operations. A charge is made to cover the depreciation charge on tangible fixed assets. so that balances reduce in line with the carrying value of the related assets. Restri¢ted funds:_ Social Fund Some donations to the charity are made specifically to enable Ihe church to provide granls lo individuals in need and these are held in this restricted funds until needed. Any balance at the end of the year is available to spend in subsequent years. Evangelist Donations have been received over recent years to support employment costs of employing an Evangelist. The balance is sufficient to fund the post for a further 2 years. Housepaty Occasionally church members go away for a teaching and fellowship weekend known as a houseparty. Donations are received to enable church members to attend at a notional cost. Any balance remaining after 18
continued Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 conference centre fees and expenses are paid is carried forward for future similar events. Glow Fund The GLOW fund was a responsefrom Church members to provide a Warm spa in Reddish and an opportunity to meet people to counter loneliness in a deprived community in a context of problems of the cost of living during the winter. The main funding was provided by church members with additional contributions from Stockport MBC and Stewardship which funded a plt manager to run the Wam) Space on Church premises and various activities. Ministry Trainee Donations have been received to support the costs of a Ministry Trainee. 15.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - Charity use Financial fixed assets Current assets Current liabilities Total Restricted trust funds 56.230 56,230 Unreslricled designated funds Unreslricled general funds 378,757 378,757 202,754 80.000 126.351 (3,597) 378.757 80.000 126.351 (3,597) 581,511 378,757 80,000 182,581 (3,597) 637,741 16. TRUSTEES. REMUNERATION 2024 2023 Remuneration 91,499 58,765 Rev A Bradley was the Pastor of Ihe church and is also a tnjstee. He receives no remuneration for his duties as a Trustee. Remuneration £42,000; NIC on MUneration £1,135. Rev J Kidd was Ihe Pastor of the church in Ihe year ended 30 September 2023 and was also a trustee. He received no remuneration for his duties as a Trustee. Remuneration £15,556., NIC on remuneration £810. C Johnson is employed as Evangelist and is also a trustee. He receives no remuneration for his duties as a Trustee. Remuneration £37.345 (2023 £32.006}. NIC on remunerab'on £97512023 £942). S Foreman worf(s as the church administrator and is also a trustee. He receives no remuneration for his duties as a Trustee. Remuneration £12.154 (2023 £11.2031- NIC on remuneration £105 (2023 £79). All charity trustees are entitled lo claim out of pocket expenses lo cover poslage, lelephone and mileage. They receive no remuneration in respecl of their duties as Trustees. 17. RELATED PARTY TRANSACTIONS There were no transactions with related parties in the year. eXp1 with regard to trustees, remuneration and loans, which are fully disclosed in the Irvstees remuneration and loans to trustees notes. 18. POST4ALANCE SHEET EVENTS There have been no significant events affecling the Charity since the financial year*nd. 19. WINDING UP OR DISSOLUTION OF THE CHARITY If upon winding up or dissolution of the charity there remain any assets. after the satisfaction of all debts and liabilities. the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 19
continued Heaton Moor Evangelical Church (Operating as Emmanuel Community Church) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 20. LOANS TO TRUSTEES During 2023124 members ofthe charity in general meeting approved an unsecured long-temi loan to Ihe Pastor and his wife to enable them to purchase a suitable family home, on Ihe basis that the Injslees believe it to be in the best interests of the charity that the Pastor lives locally. despite high house prices. A formal loan agreement was signed on 8 February 2024. The loan was paYable on the eadier ofthe sale ofthe property or Mr Bradley ceasing lo be employed by the charity. No interest is charged. however when the property is sold, 27.580/0 of any proceeds in excess of £290,000 is added lo the capital so the charity can share in any appreciation of the asset. Mr Bradley is also a Twstee and the loan was made in accordance with dauses 617} and 6{13) of the Trust Deed and Trustees Act 2000 Part11 Investment. 20