Registered Charity no. 1131041 Registered Company no. 06946178
Emmanuel Church Canterbury (Company Limited by Guarantee)
Trustees Annual Report and Accounts
Year Ended 30th June 2021
Emmanuel Church Canterbury
Year Ended 30th June 2021
Contents Page
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustee's Annual Report | 2 |
| Independent Examiners Report | 6 |
| Statement of Financial Activities | 7 |
| Statement of Financial Position | 8 |
| Notes to the Financial Statements | 9 |
Emmanuel Church Canterbury
Year Ended 30th June 2021
Legal and Administrative Information
Reference
The Charity is called “Emmanuel Church Caterbury”. The Church is registered with the Charity Commission for England and Wales and was registered on the 10 August 2009. Before this the church was excepted registration. The church is also a Company limited by guarantee, incorporated on the 27 June 2019.
| Registered Charity Number | 1133696 | |
|---|---|---|
| Registered Company Number | 06946178 | |
| Registered Office | St. Dunstan's Lodge | |
| 5 Queens Avenue | ||
| Canterbury | ||
| CT2 8AY | ||
| Website | emmanuelcanterbury.org.uk/ | |
| The Trustees and Directors | R T Hagan (Minister and Elder) | |
| J M Stone | ||
| M J W Smiley | ||
| E D Gilchrist | ||
| Rev N Hiscocks | ||
| T Parkin | Appointed 21/10/2021 | |
| E Linforth | Appointed 01/07/2021 | |
| Key Management Personnel | Trustees as named above | |
| J de Jong (Treasurer since Feb 2020) | ||
| G Yorke (Elder from Sep 2019 to Sep | 2020) | |
| A Beckett (Elder from Sep 2019) | ||
| M Bedford (Elder from Sep 2019) | ||
| J Sutton (Assistant minister and Elder | until Sep 2020) | |
| D Gould (Elder until Sep 2021) | ||
| S Malkin (Elder) | ||
| M Cadge (Elder since Sep 2021) | ||
| Primary Bankers | Lloyds TSB | |
| 101 High Street | ||
| Poole | ||
| Dorset | ||
| Independent Examiner: | Nigel Wyatt BSC FCA | |
| Wyatt & Co Chartered Accountants | ||
| 125 Main Street, Garforth, Leeds, LS25 1AF |
1
Emmanuel Church Canterbury
Year Ended 30th June 2021
Trustee's Annual Report
Objectives and activities
The Trust is established to advance the Christian religion in accordance with the Statement of Beliefs in the Trust Deed. This includes the weekly preaching of the gospel in Canterbury, the discipleship of church members, the running of children’s and youth work, the running of courses with Christians Against Poverty with the aim of supporting vulnerable adults and reducing poverty, and supporting oversees missionaries, notably in Japan and Vietnam. Through it’s activities, the church seeks to disciple existing Christians, lead others to faith, encourage children and youth, support missionaries and reduce poverty.
The Church exists primarily, though not exclusively in the City of Canterbury and the trustees employed one full time Minister and an Assistant Minister. In addition, we employed a part-time Children Worker, a full time Youth Worker and appointed a part time Administrator. There were two volunteer interns, who started in September 2020.
The church staff, along with volunteer members of the congregation, aim to carry out the church aims through a variety of activities. The weekly church services and the day-to-day discipleship of church members are the main activities used to meet the aims of the charity.
Public benefit statement
In considering the activities, the Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
Achievements and performance in the year
During the year, the church has held weekly meetings for worship, prayer, teaching and evangelism which have been open to all. Our Sunday morning meetings have attracted people from different faiths and social backgrounds, as have our Sunday evening meetings. The Sunday morning services have seen an increase in numbers. In addition to Sunday services and teaching sessions, the church has run a student weekend away, evangelistic courses for unbelievers, several outreach events to the local community, carol singing, outreach at local Care Homes and to the homeless. Emmanuel is also a member of CAP (Christians against Poverty) and has run courses teaching life skills to members of the local community. The church has been very active in supporting outreach to international students from many different faiths. Our Senior Minister has also been actively involved in chairing the Kent Gospel Partnership Planning Team. During the Covid-19 Pandemic, the church has continued to operate with services held online during lockdown periods and when possible in person with restrictions in place. The pandemic meant that some of our regular outreach and events have not run or have run in different formats.
The Church has also been committed to the partial support of a worker supporting international students in Canterbury, a child in Africa and a missionary family in Japan.
For the year ended there have been some opportunities for supporting individuals in Canterbury and overseas who were in financial need.
In considering the activities, the Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
Financial review
The Church depends mainly on the voluntary support of its own members and receives some support from other individuals, churches and trusts in the UK. In this year, all groups continued to give very generously towards the aims of the church. Total donations and gift aid for the year amounted to £245,132 (2020: £523,676, 2019: £355,456) and total income of £258,319 (2020 £523,998). Expenditure totalled 283,588 (2020: £186,196, 2019: £159,633). This resulted in a deficit for the year of £25,269 (2020: £364,274, 2019: £195,823). At 30 June 2021 the charity had total funds of £741,430 (2020: £766,699).
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Emmanuel Church Canterbury
Year Ended 30th June 2021
Trustee's Annual Report
Reserve policy
The church's reserve policy is to hold six months of budgeted costs. Due to a reduction in spending during the COVID pandemic, the church has now met this reserve level in unrestricted funds.
Risk policy
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable the charity to lessen or mitigate those risks.
Risks management
- Loss of key personnel: we are mindful of the potential loss of key personnel and to alleviate this we have a policy to identify potential replacements.
2. Reduction in donations;
a. We have bank general funds that currently cover 6 months’ cost of running the church in 2021/22. This would give us time to adjust to the loss of a large drop in donations.
b. One risk is that donations from our outside donors such as Trusts, etc., cease. We are mitigating against this by increasing the percentage of donations from the congregation.
i. ‘Unrestricted giving’ has decreased from 94% in the 2019/20 financial year to 72% in 2020/21 from Emmanuel Church’s congregation. This is mainly due to a push within the church to support the building project.
ii. ‘All giving’, includes restricted giving, from Emmanuel church’s congregation is 78% in 2020/21.
c. Another risk is that we lose a donation from a large donor or several donors within the congregation. The reserve mentioned in a. above is to help smooth out such a loss. We are also trying to increase the size of our congregation and, hence, donation base within the congregation.
- Loss of current building which the church rents and where we meet: we would need to find alternative accommodation.
Pay policy for key management personnel
The Trustees consider that the Trustees and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. The key management personnel who are involved in all decision making and responsible for the day to day management of the charity are detailed on page 1. All Trustees give of their time freely and no Trustee, with the exception of Richard Hagan for his role as minister, received remuneration in the year. The pay of the senior staff, the minister and assistant minister, is set at a level to make it equivalent to the pay and remuneration of Church of England clergy and reviewed annually and normally increased in accordance with the Church of England published recommendations.
Volunteers
The church makes significant use of volunteers to run it’s activities. Other than the small number of staff, all activities are undertaken by volunteers. This includes facilitating the church services, midweek activities and other one-off events as well as organising and managing key parts of the church activities such as children’s work. The church relies on volunteers to manage some of the key aspects of the running of the charity such as the treasurer who reports to the Trustees.
The church also relies on the financial donations of volunteers to further its aims.
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Emmanuel Church Canterbury
Year Ended 30th June 2021
Trustee's Annual Report
Plans for the future
We aim for the church to continue to grow in numbers as we see people become Christians and as new Christians join us. This growth in number will also increase the financial base of the church for future outreach.
During the financial year 2021/22, we have started work on renovating a building in Canterbury to use as a base/office and for midweek meetings for Emmanuel Church. This will enable us to offer more services to the local community once renovations are completed.
During the financial year 2020/21, we planted a church in Folkestone, which has included several people who were at Emmanuel Church who commuted from Folkestone. We have pledged to support this new church financially for three years from their start date.
We will continue to support the interns in the future to allow them to attend the Cornhill Training Course one day a week.
Structure
The charity, which is registered with the Charity Commission under number 1131041 and a registered company under number 6946178, is established under Memorandum and Articles of Association dated 27 June 2009 as amended by resolution dated 19 September 2015.
Governance and management
During the year the following were Trustees of the charity:
R T Hagan E D Gilchrist (appointed 16 May 2019) N R T Hiscocks M J W Smiley J M Stone
Appointment of Trustees is governed by the Trust Deed. Existing Trustees are authorised to appoint new Trustees which is done on discussion with the church elders and the wider church membership. The Trustees govern the financial aspects of the church and ensure the charity continues to meet its aims. The staff members, along with the church elders, are responsible for the day to day running of the charity and will make decisions within the parameters set by the Trustees such as budget constraints. All spending on behalf of the church is authorised by a Trustee with any purchase over £500 needing the agreement of at least two Trustees.
During the year, no Trustees were reimbursed expenses except Richard Hagan who is employed by the Charity as Minister under the provision of section 6.2 in the Memorandum of Association. No other Trustees were reimbursed expenses in 2020/21.
4
Emmanuel Church Canterbury
Year Ended 30th June 2021
Trustee's Annual Report
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).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP 2015 (FRS 102);
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume the charity will continue.
The Trustees are responsible for keeping proper accounting records that 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Trustees and signed on their behalf by:
.....................
E Gilchrist Chairman of Trustees
5
Emmanuel Church Canterbury
Year Ended 30th June 2021
Independent Examiners Report
I report to the trustees on my examination of the financial statements of Emmanuel Church Canterbury ('the charity') for the year ended 30 June 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 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
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
Nigel Wyatt BSC FCA Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
Date:
6
Emmanuel Church Canterbury
Year Ended 30th June 2021
Statement of Financial Activities
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Donations and legacies | 181,663 | 63,469 | 245,132 | 523,767 | |
| Charitable activities | 2 | 731 | - | 731 | 3,141 |
| Investment Income | 12,280 | 18 | 12,298 | 405 | |
| Other | 158 | - | 158 | 229 | |
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| Total Income | 194,833 | 63,487 | 258,319 | 527,542 | |
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| Expenditure | |||||
| Expenditure on charitable activities | 3 | 98,304 | 185,284 | 283,588 | 186,195 |
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| Total Expenditure | 98,304 | 185,284 | 283,588 | 186,195 | |
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| Net income / (expenditure) | 96,528 | (121,797) | (25,269) | 341,347 | |
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| Net income and net movement in funds | |||||
| Total funds brought forward | 12 | 658,904 | 107,795 | 766,699 | 425,353 |
| Transfers | 12 | (18,455) | 18,455 | - | - |
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| Total funds carried forward | 12 | 736,977 | 4,453 | 741,430 | 766,699 |
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All income and expenditure derive from continuing activities.
The statement is a combined Statement of Financial Activities and Income and Expenditure Account for the purposes of meeting both companies act and charity SORP reporting requirements.
7
Emmanuel Church Canterbury
Year Ended 30th June 2021
Statement of Financial Position
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible Fixed Assets | 9 | 677,358 | 683,149 |
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| 677,358 | 683,149 | ||
| Current assets | |||
| Debtors | 9 | 18,414 | 15,113 |
| Short term Investments | 8 | 30,396 | 47,302 |
| Cash at bank and in hand | 143,209 | 169,252 | |
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| 192,020 | 231,667 | ||
| Creditors: amounts falling due within one year | 10 | 55,308 | 68,367 |
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| Net current assets | 136,712 | 163,300 | |
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| Total assets less current liabilities | 814,070 | 846,449 | |
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| Creditors: amounts falling due after one year | 11 | 72,639 | 79,750 |
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| Net assets | 13 | 741,430 | 766,699 |
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| Funds of the charity | |||
| Restricted funds | 12 | 4,453 | 107,795 |
| Unrestricted funds | 12 | ||
| Unrestricted General | 143,183 | 69,389 | |
| Designated Funds | 593,794 | 589,515 | |
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| 736,977 | 658,904 | ||
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| Total charity funds | 741,430 | 766,699 | |
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Directors Responsibilities
The Directors are satisfied that for the year ended on 30th June 2021 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner. The Directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These Financial Statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2015).
Name of Trustee:
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Signed on behalf of the Trustees:
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Date of approval:
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8
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
Basis of Preparation
Emmanuel Church Canterbury is a registered charity with the Charity Commission in the United Kingdom. The address of the registered office is given in the charity information on page 1 of these financial statements. The principal activity is to advance the Christian faith in accordance with the statement of beliefs.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) issued on 16 July 2014 as amended by Bulletin 1, the Financial Reporting Standard applicable in the United Kingdom (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are repared in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Fund Accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal, often know as a ‘special offering’ in the church.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
9
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
• All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
• Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
• Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).
• Donated services and facilities are included at the value to the charity where this can be quantified.
• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
• Volunteer time, the value of voluntary support for the work of the church is not included in the accounts but is described in the Trustees annual report.
- Investment Income is included in the accounts when receivable.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
Liability Recognition
Abilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation, assets which cost less than £700 are not capitalised. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Leasehold property 2% straight line Furniture, fixtures and fittings 25% reducing balance Freehold property Not depreciated
10
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
Operating Leases
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
Taxation
The charity is exempt from tax on its charitable activities.
Judgements and key sources of estimation
Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 5 for the carrying amount of the property plant and equipment, and note 1.5 for the useful economic lives for each class of assets.
Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
11
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
| **2 ** | Analysis of Income | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Donations and legacies | ||||
| Donations and Gift Aid | 181,663 | 63,469 | 245,132 | |
| Donated Goods and Services | - | - | - | |
| Grants | - | - | - | |
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| 181,663 | 63,469 | 245,132 | ||
| Charitable activities | ||||
| Events Income | 731 | - | 731 | |
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| 731 | - | 731 | ||
| Investment Income | ||||
| Interest | 280 | 18 | 298 | |
| Rental Income | 12,000 | - | 12,000 | |
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| 12,280 | 18 | 12,298 | ||
| Other | ||||
| Miscellaneous | 158 | - | 158 | |
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| 158 | - | 158 | ||
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| Total Income | 194,833 | 63,487 | 258,319 | |
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12
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
| Analysis of Income (Continued) | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations and legacies | |||
| Donations and Gift Aid | 153,578 | 370,190 | 523,767 |
| Donated Goods and Services | - | - | |
| Grants | - | - | |
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| 153,578 | 370,190 | 523,767 | |
| Charitable activities | |||
| Events Income | 3,141 | - | 3,141 |
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|
| 3,141 | - | 3,141 | |
| Investment Income | |||
| Interest | 187 | 217 | 405 |
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| 187 | 217 | 405 | |
| Other | |||
| Miscellaneous | 229 | - | 229 |
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| 229 | - | 229 | |
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| Total Income | 157,136 | 370,407 | 527,542 |
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| Events Income Analysis | |||
| Events income recived during the year was as follows: | |||
| 2021 | 2020 | ||
| £ | £ | ||
| 10 Year Anniversary | - | 692 | |
| Book Stall | 5 | - | |
| Connect Night Away | - | 200 | |
| Events and Books ie. ticket sales, book stall | 600 | 399 | |
| Drive-in Nativity | 31 | - | |
| Grace filled marriages day | - | 210 | |
| Men's Day Away | - | 130 | |
| Parenting course | 25 | 75 | |
| Stir up a pud | - | 280 | |
| Transformers Camping | 70 | - | |
| Women's Night Away | - | 1,155 | |
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| Total Income | 731 | 3,141 | |
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13
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
| **3 ** | Expenditure on charitable activities by fund type | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Administration | 24,829 | 123,439 | 148,268 | |
| Communications and literature | 2,055 | - | 2,055 | |
| Donations and giving | 4,773 | 18,605 | 23,378 | |
| Events | 297 | - | 297 | |
| Intern costs | - | 16,820 | 16,820 | |
| Salary and staff related costs | 50,810 | 26,420 | 77,230 | |
| Venue hire and building costs | 27,897 | - | 27,897 | |
| Reversal of historic unknown creditor | (12,357) | - | (12,357) | |
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| 98,304 | 185,284 | 283,588 | ||
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| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| £ | £ | £ | ||
| Administration | 26,614 | 115 | 26,729 | |
| Communications and literature | 2,334 | - | 2,334 | |
| Donations and giving | - | 19,383 | 19,383 | |
| Events | 5,306 | - | 5,306 | |
| Intern costs | 3,551 | 600 | 4,151 | |
| Salary and staff related costs | 82,831 | 23,162 | 105,993 | |
| Venue hire and building costs | 21,844 | 456 | 22,300 | |
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| 142,480 | 43,716 | 186,196 | ||
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Included within Venue hire and building costs is £6,556 (2020: £7,254) of depreciation on Freehold buildings, Leasehold buildings and Fixtures and Fittings.
As part of the 2020 and 2021 accounts preperation process detailed work was undertaken to confirm the breakdown of the historic creditors breakdown brought forward. The conclusion of this process was that no creditor was due to be paid by the church. The amount has been reversed this year as a one off correcting adjustment.
4 Volunteers
The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further detail about volunteer contributions in the organisation.
14
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
5 Independent examination fees
Fees payable to the independent examiner for:
| Independent examination fees Fees payable to the independent examiner for: |
||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Independent examination and preparation of the financial statements |
1,320 | 1,440 |
6 Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 66,808 | 76,822 |
| Social security costs | 1,104 | 2,141 |
| Employer contributions to pension plans | 5,458 | 6,710 |
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| 73,370 | 85,673 | |
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The average head count of employees during the year was as follows:
| 2021 | 2020 | |
|---|---|---|
| Average Head Count | 4 | 4 |
The number of employees who received benefits of more than £60,000 during the year was as follows:
| 2021 | 2020 | |
|---|---|---|
| More than £60,000 | 0 | 0 |
Key Management Personnel
The Trustees consider that the Board of Trustees and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. The remuneration to the senior management team total £49,013 (2020: £66,7834).
15
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
7 Trustee remuneration, expenses and donations
During the year one trustee incurred out of pocked expenses totalling £2,501 (2020: £4,005) which were all incurred for the day to day running of the charity's activities. The types of expenditure include travel costs, ministry costs, building expenses and other charitable activity expenditure.
During the year the total aggregated donations made to the charity by the trustee's during the year was £52,974 (2020: £31,618).
During the year one trustee were employed by the Church outside of their roles as trustee. During the year the following trustee members received the following remuneration:
| 2021 | 2021 | |
|---|---|---|
| £ | £ | |
| R T Hagan | 44,627 | 43,752 |
8 Investments held as current assets
The church holds one (2020: two) short term deposit accounts that require over 30 days to draw down funds.
| 2021 | 2021 | |
|---|---|---|
| £ | £ | |
| Short term deposit accounts | 30,396 | 47,302 |
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|
| 30,396 | 47,302 | |
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16
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
9 Tangible Fixed Assets
| Tangible Fixed Assets | ||||
|---|---|---|---|---|
| Freehold | Leasehold | Furniture, | ||
| Land and | Land and | Fixtures and | ||
| Buildings | Buildings | Fittings | Total | |
| £ | £ | £ | £ | |
| Cost as at 1st July 2020 | 458,125 | 241,979 | 25,299 | 725,403 |
| Additions | - | - | 1,521 | 1,521 |
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|
| Cost as at 30th June 2021 | 458,125 | 241,979 | 26,820 | 726,923 |
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|
| Depreciation as at 1st July 2020 | - | 24,197 | 18,057 | 42,254 |
| Depreciation Charge | - | 5,122 | 2,191 | 7,312 |
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|
| Depreciation as at 30th June 2021 | - | 29,318 | 20,248 | 49,566 |
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|
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|
| Net Book Value at 30th June 2021 | 458,125 | 212,661 | 6,572 | 677,358 |
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|
| Net Book Value at 30th June 2020 | 458,125 | 217,782 | 7,242 | 683,149 |
The land and buildings held by the church compromise of: 35 Pound Lane Accomodation for assistant minister
These buildings and land are held at original cost.
9 Debtors
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Accrued Income | 16,902 | 15,113 |
| Prepayments | 1,512 | - |
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|
| 18,414 | 15,113 | |
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|
| Creditors: amounts falling due within one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Creditors and Accruals | 3,080 | 16,139 |
| Bank Loan | 6,642 | 6,642 |
| Members Loan | 45,586 | 45,586 |
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|
| 55,308 | 68,367 | |
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10 Creditors: amounts falling due within one year
17
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
11 Creditors: amounts falling due after one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Bank Loan | 72,639 | 79,750 |
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|
| 72,639 | 79,750 | |
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The term loan is repayable over 15 years. Interest is charged at 3.50% per annum over the Reliance Bank Sterling Base Rate. The mortgage is secured by a legal charge over the company's leasehold premises.
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts repayable in | less than 1 year | 6,642 | 6,992 |
| Amounts repayable in | 1-2 years | 13,284 | 7,277 |
| Amounts repayable in | 2-5 years | 19,925 | 23,659 |
| Amounts repayable in | over 5 years | 39,430 | 47,441 |
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||
| 79,281 | 85,369 | ||
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18
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
12 Analysis of Charitable Funds
Unrestricted Funds
| Unrestricted Funds | ||||||
|---|---|---|---|---|---|---|
| 30 June | ||||||
| 1 July 2020 | Income | Expenditure | Gains/Loses | Transfers | 2021 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted | ||||||
| General | 69,389 | 169,946 | (70,585) | - | (25,567) | 143,183 |
| Designated | ||||||
| Leasehold Property | 131,390 | - | (4,840) | - | 7,112 | 133,662 |
| Pound Lane Church | ||||||
| Building | 458,125 | 24,887 | (22,880) | - | - | 460,132 |
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|
| Total Unrestricted | 658,904 | 194,833 | (98,304) | - | (18,455) | 736,977 |
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|
| Restricted Funds | ||||||
| Canterbury Cornhill | 2,000 | 12,506 | (12,000) | - | - | 2,506 |
| Children's Worker | 20,745 | 1,036 | (26,420) | - | 4,638 | - |
| Intern Fund | 2,830 | 11,504 | (16,820) | - | 2,486 | - |
| Pass on funds | - | 5,274 | (6,605) | - | 1,331 | - |
| Redeemer Church | ||||||
| Plant | 81,000 | 33,166 | (123,439) | - | 10,000 | 727 |
| Student Fund | 1,026 | - | - | - | - | 1,026 |
| Student weekend | 194 | - | - | - | - | 194 |
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|
| Total | 107,795 | 63,487 | (185,284) | - | 18,455 | 4,453 |
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|
| Total Funds | ||||||
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|
| Total | 766,699 | 258,319 | (283,588) | - | - | 741,430 |
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Fund Transfers
Leasehold Property
Children's Worker
Intern Fund
Pass on funds
Redeemer Church Plant
Transfer from the general fund so that the fund matches the netbook value of the Leasehold property less the related liabulity funding the asset.
Additional funds transferred from the general fund to cover the resources spent during the year.
Additional funds transferred from the general fund to cover the resources spent during the year.
Additional funds transferred from the general fund to cover the resources spent during the year.
Additional funds transferred from the general fund to cover the resources spent during the year.
19
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
| 30 June | ||||||
|---|---|---|---|---|---|---|
| 1 July 2019 | Income | Expenditure | Gains/Loses | Transfers | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted | ||||||
| General | 85,844 | 157,136 | (137,641) | - | (35,950) | 69,389 |
| Designated | ||||||
| Leasehold Property | 129,588 | - | (4,840) | - | 6,642 | 131,390 |
| Pound Lane Church | ||||||
| Building | - | - | - | - | 458,125 | 458,125 |
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|
| Total Unrestricted | 215,432 | 157,136 | (142,480) | - | 428,817 | 658,904 |
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|
| Restricted Funds | ||||||
| Building Fund | 172,915 | 261,768 | (456) | - | (434,227) | - |
| Canterbury Cornhill | - | 2,000 | - | - | - | 2,000 |
| Children's Worker | 35,006 | 8,901 | (23,162) | - | - | 20,745 |
| Intern Fund | 780 | 2,650 | (600) | - | - | 2,830 |
| Pass on funds | - | 13,973 | (19,383) | - | 5,410 | - |
| Redeemer Church | ||||||
| Plant | - | 81,115 | (115) | - | - | 81,000 |
| Student Fund | 1,026 | - | - | - | - | 1,026 |
| Student weekend | ||||||
| Fund | 194 | - | - | - | - | 194 |
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|
| Total | 209,921 | 370,407 | (43,716) | - | (428,817) | 107,795 |
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|
| Total Funds | ||||||
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|
| Total | 425,353 | 527,542 | (186,196) | - | - | 766,699 |
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Fund Transfers
Leasehold Property Transfer from the general fund so that the fund matches the netbook value of the Leasehold property less the related liability funding the asset.
Building Fund Transfer from the restricted building fund following the completion of the fundraising to purchase the church building. As the restriction on the fund has been completed through the purchase of the building the asset has been transferred out to a designated fund to be held separately.
20
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
Fund Descriptions
Designated Funds
Leasehold Property The Trustees have designated the leasehold property, less the associated finance liability as this asset is not freely available to spend, but to provide accommodation to the assistant minister and his wife. Pound Lane Church The Trustees have designated the freehold property as this asset is not freely Building available to spend.
Restricted Funds
Building Fund This fund represents contributions towards the purchase of a potential Church building for use as a church. Canterbury Cornhill Funding for the Kent Gospel Partnership. Children's Worker The fund is being used to employ two people, one part time, a youth worker and a children worker. Intern Fund This is money given by the congregation to help interns during their training. Pass on funds Money given to the church to be passed on to other people, normally overseas ministries. Redeemer Church Funds raised to support the Redeemer Church plant. plant Student Fund This is money given by the congregation to help students who cannot afford church activities. Student weekend This relates to a student weekend away.
21
Emmanuel Church Canterbury
Year Ended 30th June 2021
Notes to the Financial Statements
13 Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds |
|
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Fixed Assets | 677,358 | - | 677,358 |
| Current Assets | 187,566 | 4,453 | 192,020 |
| Creditors less than 1 year | (55,308) | - | (55,308) |
| Creditors greater than 1 year | (72,639) | - | (72,639) |
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|
| 736,977 | 4,453 | 741,430 | |
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|
| Unrestricted | Restricted | Total Funds |
|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Fixed Assets | 683,149 | - | 683,149 |
| Current Assets | 123,872 | 107,795 | 231,667 |
| Creditors less than 1 year | (68,367) | - | (68,367) |
| Creditors greater than 1 year | (79,750) | - | (79,750) |
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|
| 658,904 | 107,795 | 766,699 | |
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14 Company Status
The company is a company limited by guarantee and not having a share capital. Every member of the company undertakes to contribute in a winding up sum not exceeding £1 whilst they are a member, or within one year after ceasing to be a member, towards debts and liabilities contracted before ceasing to be a member.
15 Related party transactions
During the year, related party transactions took place between the church and N Gilchrist an employee of the church. N Gilchrist is a close family member of E Gilchrist whom is a trustee. During the year N Gilchrist was employed by the church and received total employment remuneration including employers national insurance and employers pension of £10,319 (2020: £10,111).
22