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2023-06-30-accounts

Company number: 7027521 Charity number: 1132782

Immaanuveel

(A Charity Company Limited by Guarantee, company number 7027521)

Financial Statements and Trustees' Report for the year ended 30 June 2023

AT Immaanuveel

(A Charity Company Limited by Guarantee, company number 7027521)

Index to the Financial Statements for the year ended 30 June 2023

Page
Index to the Financial Statements 2
Charitable company Information 3
Trustees' Report 4 - 5
Statement of Trustees' Responsibilities 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Statement of Financial Postion 9
Statement of Cash Flows 10
Accounting Policies 11 - 12
Notes to the Accounts 13 - 16
The following pages do not form part of the statutory accounts.
Appendix 1 - Tamil Church Restricted Funds 17

Page 2

(A Charity Company Limited by Guarantee, company number 7027521)

AT Immaanuveel

Charitable company Information for the year ended 30 June 2023

Status: Immaanuveel is a company limited by guarantee and a registered charity governed by its Immaanuveel is a company limited by guarantee and a registered charity governed by its
memorandum and articles of association. The directors of the charity are its trustees for
the purposes of charity law and throughout this report are collectively referred to as the
trustees.
Charity name: Immaanuveel
Company registration number: 7027521
(England & Wales)
Charity registration number: 1132782
Registered office: 66 Marlands Road
Ilford
Essex IG5 0JJ
Operations address: 66 Marlands Road
Ilford
Essex IG5 0JJ
Trustees who held office L D Mahendra - Resigned 29 September 2023
during the year: S D Karunyanesan - Resigned 29 September 2023
S R Solomon - Appointed 29 September 2023
M Johnson - Appointed 29 September 2023
D Duraipandian - Appointed 29 September 2023
Chair: S R Solomon
Secretary: P N Nathan
Independent Examiner: Anthony Armstrong FCA
Armstrong & Co
Chartered Accountants & Statutory Auditor
4a Printing House Yard
Hackney Road
London E2 7PR
Bankers: Reliance Bank Ltd
Faith House
23-24 Lovat Lane
London EC3R 8EB

Page 3

(A Charity Company Limited by Guarantee, company number 7027521)

AT Immaanuveel

Trustees' Report, incorporating the Directors' Report

for the year ended 30 June 2023

The Trustees of Immaanuveel present their report together with the financial statements for the year ended 30 June 2023.

Aims of the Church

The main charitable objects of Immaanuveel are to provide opportunities for worship and pastoral care to Tamil speaking Christian immigrants; the presentation of Christianity to Tamil speaking Hindus and to help children of immigrants grow up to be Asian, British and Christian.

Structure, Governance and Management

Governing Document

Immaanuveel is a company limited by guarantee, incorporated on 23 September 2009 and registered as a charity on 18 November 2009. The company was established under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1 each.

Trustees

The Trustees of the charity who held office during the year are disclosed on page 3.

The Freehold property at 8 Berkeley Road is owned by custodian trustees on behalf of Immaanuveel Limited.

Treasurers and accounting procedures

Our honorary treasurers are T Sriyoheswaran, Sam Karunyanesan and D Duraipandian. They are assisted by several others in the various congregations. All churches manage their own bank accounts separately and report to the group treasurer. Income and expenditure statements are also managed separately by the churches.

Review and Report of the year

The results of the period and financial position of the charity are shown in the annexed financial statements.

During the financial year, the Sunday offering continued to increase while the regular envelopes scheme decreased by 52% and regular giving via Stewardship also decreased by 29% compared to the previous year.

However, expenditure compared to the previous year decreased by 20% due to considerable reduction in salary payments as a result of the resignation of the pastor and his wife during the financial year.

This meant the church made a surplus income of £24,678 (last year £24,954) from its normal activities.

The closing bank balance increased to £538,415 which includes the building funds.

We thank God for our members' continued generosity.

The church has continued its activities and ministries amongst mainly the Tamil-speaking communities from India and Sri Lanka with the help of Interim Pastor Ebenezer and the elders of the church.

The uncertainty of not having a permanent place of worship continues and is a cause for concern for us. This is due to us being asked to vacate from using the Manor Park Christian Center (MPCC) building soon after COVID after being there for 35 years. Since then, we have been using St Paul’s Church’s premises on a temporary basis and continue to meet regularly every Sunday for worship.

We are determined to reduce the risk of being asked to leave at short notice as it’s impossible for us to find a suitable property in a short time frame due to our size and the various church activities. It’s imperative that we continue to worship without the risk of being asked to leave at short notice.

Hence, we continue our search for an alternative long-term arrangement or a permanent place.

Post Balance Sheet Event

Luke Mahendra resigned from the role of Chairman as well as trustee and Sam Karunyanesan has stepped down from the role of trustee following the AGM in 29th September 2023.

The following people were appointed as trustees and Sam Solomon was appointed as Chairman in the AGM.

  1. Sam R Solomon (appointed 29th September 2023) 2. Mary Johnson (appointed 29th September 2023) 3. Doraisingh Duraipandian (appointed 29th September 2023)

Also, the Interim Pastor and the trustees appointed Jonathan Joseph as the new Pastor of our church along with his wife Lydia Joseph as a co-worker.

Page 4

(A Charity Company Limited by Guarantee, company number 7027521)

AT Immaanuveel

Trustees' Report, incorporating the Directors' Report for the year ended 30 June 2023

Risk assessment and management

We do not own the buildings where we hold Sunday services. The host churches are responsible for health and fire safety.

Members of the company elect new members who are believed to share our aims. Members of the company elect Directors.

Rehabilitation of offenders has not yet been an issue.

Public Benefit

Immaanuveel benefits the public by way of: regular worship that is open to all, the provision of sacred space for personal prayer and contemplation, pastoral work (including the visiting of the sick and the bereaved), teaching Christianity through sermons, courses and small groups, taking school assemblies, promoting the whole mission of the church through its assistance to older people, parents and children, and supporting charities in the UK and overseas.

Financial Review

Results for the year

The results of the period and financial position of the charity are shown in the annexed financial statements.

The Statement of Financial Activities shows net income for the year of £21,808 and reserves of £1,007,431.

Tangible fixed assets for use by the charity.

Fixed assets are set out in Note 9 to the accounts.

Independent Examiner

The Independent Examiner, Anthony Armstrong FCA of Armstrong & Co, Chartered Accountant and Statutory Auditor, has indicated his willingness to be proposed for re-appointment.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Trustees on 27 March 2024 and signed on its behalf by:

S R Solomon Trustee

Page 5

(A Charity Company Limited by Guarantee, company number 7027521)

AT Immaanuveel

Statement of Trustees' Responsibilities for the year ended 30 June 2023

The trustees (who are the directors of Immaanuveel for the purpose of company law) 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).

Company law 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 charitable company and of its incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and charity legislation. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 6

AT Immaanuveel

(A Charity Company Limited by Guarantee, company number 7027521)

Independent Examiner's Report to the Trustees of Immaanuveel

I report on the accounts of Immaanuveel for the period from 1 July 2022 to 30 June 2023, which are set out on pages 8 to 16.

This report is made solely to the trustees as a body in accordance with section 145 of the Charities Act 2011 (the Charities Act) and regulations made under section 154 of that Act. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's 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 company and the trustees as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

As described on page 6, the trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the the Charities Act and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention which give me cause to believe that in, any material respect:

Anthony Armstrong FCA, Independent Examiner

of Armstrong & Co Chartered Accountants & Statutory Auditor

4a Printing House Yard Hackney Road London E2 7PR

27 March 2024

Page 7

(A Charity Company Limited by Guarantee, company number 7027521)

FS Immaanuveel

Statement of Financial Activities

incorporating the income and expenditure account

for the year ended 30 June 2023

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net gains/(losses) on investments
10
Reconciliation of funds:
Total funds brought forward
13
Total funds carried forward
13
Net income/(expenditure) and movement in funds		 2023
2022
Total Funds
Total Funds
£
£
94,681
131,388
4,018
6,246
1,812
2,750
100,511
140,384
88,703
111,278
88,703
111,278
10,000
-
21,808
29,106
985,623
956,517
1,007,431
985,623
Unrestricted
~~Funds~~		 Restricted Funds
£
86,712
4,018
1,812		 £
7,969
-
-
7,969
10,839
10,839
-
(2,870)
329,588
326,718
92,542
77,864
77,864
10,000
24,678
656,035
680,713

All incoming resources and resources expended are derived from continuing activities. There are no gains and losses other than those noted above and therefore no separate statement of total recognised gains and losses has been prepared.

The statement of financial activities incorporates an income and expenditure account.

The accompanying accounting policies and notes form an integral part of these financial statements.

Page 8

(A Charity Company Limited by Guarantee, company number 7027521)

Immaanuveel

Statement of Financial Postion as at 30 June 2023

Notes
Fixed assets:
Tangible assets
9
Investments
10
Total fixed assets
Current assets:
Cash at bank and In hand
11
Total current assets
12
Net current assets/(liabilities)
Total net assets
The funds of the charity:
Restricted income funds
15
Unrestricted funds
13
Revaluation reserve
10
Total charity funds
17
Creditors: amounts falling due within one year		 £
£
£
£
218
295
470,000
460,000
470,218
460,295
538,415
526,528
538,415
526,528
1,202
1,200
537,213
525,328
1,007,431
985,623
326,718
329,588
336,393
321,715
344,320
334,320
1,007,431
985,623
30 June 2023
30 June 2022		 £
£
£
£
218
295
470,000
460,000
470,218
460,295
538,415
526,528
538,415
526,528
1,202
1,200
537,213
525,328
1,007,431
985,623
326,718
329,588
336,393
321,715
344,320
334,320
1,007,431
985,623
30 June 2023
30 June 2022
£
538,415
538,415
1,202		 £
295
460,000
460,295
525,328
985,623
329,588
321,715
334,320
985,623

The directors are satisfied that the company is entitled to exemption from audit under Section 477 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

(i) ensuring that the company keeps proper accounting records which comply with Section 386 of the Companies Act 2006; and

(ii) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of Section 394 and 395 of the Companies Act 2006, and which otherwise comply with the requirements of this act relating to accounts, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard 102.

The financial statements were approved by the Board of Trustees on 27 March 2024 and signed on its behalf by:

S R Solomon Trustee

The notes on pages 11 to 16 form part of these accounts.

Page 9

(A Charity Company Limited by Guarantee, company number 7027521)

Immaanuveel

Statement of Cash Flows for the year ended 30 June 2023

Notes
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
1
Cash flows from investing activities:
Dividends, interest and rents from investments
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
2
Cash and cash equivalents at the end of the reporting period
2
Notes to the Cash Flow Statement
1)
Adjustments for:
Depreciation charges
(Gains)/losses on investments
Dividends, interest and rents from investments
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities
2)
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
Reconciliation of net income/(expenditure) to net cash flow from
operating activities
Net income/(expenditure) for the reporting period (as per the statement of financial
activities)		 2023
£
10,075
1,812
1,812
11,887
526,528
538,415
2023
£
21,808
77
(10,000)
(1,812)
-
10,075
2023
£
538,415
538,415		 2022
£
26,461
2,750
2,750
29,211
497,317
526,528
2022
£
29,106
104
-
(2,750)
1
26,461
2022
£
526,528
526,528

Page 10

(A Charity Company Limited by Guarantee, company number 7027521)

Immaanuveel

Accounting Policies for the year ended 30 June 2023

Basis of preparation

The financial statements have been prepared in accordance with:

Public benefit entity

The charitable company meets the defination of a public benefit entity under FRS 102.

Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue to operate and accordingly the accounts have been prepared on a going concern basis.

Income recognition

Income is recognised when the charity has a contractual or other right to its receipt, it is probable that the income will be received and that the amount can be measured reliably. Income with conditions attached to its receipt is recognised when those conditions have been fulfilled.

Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recognised on a receivable basis.

The income from trading activities include rental income from the letting of church premises and freehold land and buildings which is accounted for when earned. It is shown gross, with the associated costs included in fundraising costs.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The charity is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations and property maintenance costs.

Charitable expenditure includes those costs in fulfilling the charity’s principal objects, as outlined in the Report of the charity. These include grants payable, governance costs and an apportionment of support costs.

Restricted Funds

Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.

Unrestricted Funds

Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Page 11

(A Charity Company Limited by Guarantee, company number 7027521)

Immaanuveel

Accounting Policies

for the year ended 30 June 2023

Pensions

The charity operates defined contribution schemes which are administered by outside independent pensions providers. Contributions payable for the year are charged to the Statement of Financial Activities.

Tangible Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture & fixtures - 25% WDV Investment property - No depreciation on investment property

Fixed Assets Investments

Fixed assets held for investment purposes are not depreciated. Under SORP 2015 (FRS102), investment properties are measured initially at cost and subsequently at fair value at the reporting date.

Investments are shown in the balance sheet at closing market value. Surpluses or deficits on valuation are credited or charged to the statement of financial activities.

Page 12

(A Charity Company Limited by Guarantee, company number 7027521)

Notes to the Accounts for the year ended 30 June 2023

Immaanuveel

1 Incoming resources

The incoming resources and surplus are attributable to the principal activities of the charity.

2 Net incoming resources
Net incoming resources
Net incoming resources are stated after charging:
Independent Examiner's fees - reporting service
Depreciation - owned assets
Trustees' emoluments		 2023
£
1,200
77
-		 2022
£
1,200
104
-

Trustees' emoluments

Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services.

Income from donations and legacies
Offerings
Envelope scheme
Stewardship (primary gift)
Donations		 Unrestricted
£
25,762
16,584
44,366
-
86,712		 Restricted
£
-
-
-
7,969
7,969		 2023
2022
Total
Total
£
£
25,762
19,765
16,584
34,903
44,366
62,377
7,969
14,343
94,681
131,388
4
Income from charitable activities
Special offerings
Sunday school
Bibles & books
5
Income from investments
Interest earned
Rent received
`
6
Expenditure on charitable activities
Stipends
Special fellowship activities
Donations & gifts
Evangelism
Sunday school & outreach activities
Bible school & training
Outing & refreshments
Special Events
Premises & other running costs
Depreciation
Support costs (see note 7 below)		 Unrestricted
£
1,662
2,056
300
4,018
Unrestricted
£
1,812
-
1,812
Unrestricted
£
18,526
144
15,715
144
406
269
1,116
1,650
28,786
77
11,031
77,864		 Restricted
£
-
-
-
-
Restricted
£
-
-
-
Restricted
£
-
-
10,839
-
-
-
-
-
-
-
-
10,839		 2023
Total
£
1,662
2,056
300
4,018
2023
Total
£
1,812
-
1,812
2023
Total
£
18,526
144
26,554
144
406
269
1,116
1,650
28,786
77
11,031
88,703		 2022
Total
£
1,894
4,352
-
6,246
2022
Total
£
-
2,750
2,750
2022
Total
£
43,257
532
15,613
299
28
791
4,474
-
17,745
104
28,435
111,278

Page 13

Immaanuveel (A Charity Company Limited by Guarantee, company number 7027521)

Notes to the Accounts

for the year ended 30 June 2023

7
8
9
**10 **		 2023
2022
Support costs
Unrestricted
Restricted
Total
Total
£
£
£
£
Motor & travelling expenses
6,410
-
6,410
14,568
Telephone
262
-
262
2,343
Administrative charges
3,159
-
3,159
10,324
Independent examiner's fees
1,200
-
1,200
1,200
11,031
-
11,031
28,435
Remuneration of the Leadership Team
2023
2022
Members of the Leadership Team received stipends during the year as follows:
£
£
Stipends:
Salaries (Including Ni contributions and pensions)
18,256
43,257
18,256
43,257
Employees paid in excess of £60,000 during the current year and previous year:
None
None
Tangible fixed assets
Tangible 1
Tangible 2
Tangible 3
Tangible 4
Furniture &
fixtures
Total
£
£
£
£
£
£
Cost
As at 1 July 2022
-
-
-
-
11,058
11,058
As at 30 June 2023
-
-
-
-
11,058
11,058
Depreciation
As at 1 July 2022
-
-
-
-
10,763
10,763
Charge for the year
-
-
-
-
77
77
As at 30 June 2023
-
-
-
-
10,840
10,840
Net book value
As at 30 June 2023
-
-
-
-
218
218
As at 30 June 2022
-
-
-
-
295
295
Investments
#N/A
Investment
property
Total
£
£
£
Market value
As at 1 July 2022
-
460,000
460,000
Revaluations
-
10,000
10,000
As at 30 June 2023
-
470,000
470,000
No remuneration was paid to any Trustee or their associates for services as a trustee during the year ended 30 June 2023 nor to		 2023
2022
Support costs
Unrestricted
Restricted
Total
Total
£
£
£
£
Motor & travelling expenses
6,410
-
6,410
14,568
Telephone
262
-
262
2,343
Administrative charges
3,159
-
3,159
10,324
Independent examiner's fees
1,200
-
1,200
1,200
11,031
-
11,031
28,435
Remuneration of the Leadership Team
2023
2022
Members of the Leadership Team received stipends during the year as follows:
£
£
Stipends:
Salaries (Including Ni contributions and pensions)
18,256
43,257
18,256
43,257
Employees paid in excess of £60,000 during the current year and previous year:
None
None
Tangible fixed assets
Tangible 1
Tangible 2
Tangible 3
Tangible 4
Furniture &
fixtures
Total
£
£
£
£
£
£
Cost
As at 1 July 2022
-
-
-
-
11,058
11,058
As at 30 June 2023
-
-
-
-
11,058
11,058
Depreciation
As at 1 July 2022
-
-
-
-
10,763
10,763
Charge for the year
-
-
-
-
77
77
As at 30 June 2023
-
-
-
-
10,840
10,840
Net book value
As at 30 June 2023
-
-
-
-
218
218
As at 30 June 2022
-
-
-
-
295
295
Investments
#N/A
Investment
property
Total
£
£
£
Market value
As at 1 July 2022
-
460,000
460,000
Revaluations
-
10,000
10,000
As at 30 June 2023
-
470,000
470,000
No remuneration was paid to any Trustee or their associates for services as a trustee during the year ended 30 June 2023 nor to		 2022
Total
£
14,568
2,343
10,324
1,200
28,435
2022
£
43,257
43,257
Total
£
11,058
11,058
10,763
77
10,840
218
295
Total
£
460,000
10,000
470,000
Investment property The investment property is situated in Berkeley Road, London E12. It was transferred from
functional fixed assets in May 2014 as it is now used as a rental property to generate
investment income. As required by the Charity SORP 2015 (FRS102), as an investment
property it was revalued at the balance sheet date on 30 June 2022. The valuation made by
the Trustees was based on the value of similar properties in Berkeley Road that had been
sold in the recent past and the indicative value obtained from other online research. There
are no known restrictions on the ability to realise the investment property, nor on the right to
the rental income or the proceeds on any sale.

Page 14

(A Charity Company Limited by Guarantee, company number 7027521)

Immaanuveel

Notes to the Accounts

for the year ended 30 June 2023

11
12
13
14
15
**16 **		 Bank and cash in hand
Reliance bank a/c *7802
Reliance bank a/c 6325
Reliance bank a/c 6666
Reliance Bank ECF Manor Park
*Creditors: amounts falling due within one year
Accruals
The funds of the charity: current year
Restricted funds
Restricted income funds
Unrestricted funds
General funds
Revaluation reserve
Total unrestricted funds
The funds of the charity: prior year
Restricted funds
Restricted income funds
Unrestricted funds
General funds
Revaluation reserve
Total unrestricted funds
Restricted funds: current period
Building fund
Tamil Church
Restricted funds: prior period
Building fund
Tamil Church		 Opening
balance
£
329,588
321,715
334,320
656,035
985,623
Opening
balance
£
325,435
311,761
319,320
631,081
956,516
Opening
balance
£
302,622
26,966
329,588
Opening
balance
£
302,622
22,813
325,435		 Resources
arising
£
7,969
92,542
-
92,542
100,511
Resources
arising
£
12,665
127,720
-
127,720
140,385
Incoming
resources
£
-
7,969
7,969
Incoming
resources
£
-
12,665
12,665		 Resources
utilised
£
(10,839)
(77,864)
-
(77,864)
(88,703)
Resources
utilised
£
(8,512)
(102,766)
-
(102,766)
(111,278)
Resources
expended
£
-
10,839
10,839
Resources
expended
£
-
8,512
8,512		 2023
£
8,476
36
24,098
505,805
538,415
2023
£
1,202
1,202
Other
movements
£
-
-
10,000
10,000
10,000
Other
movements
£
-
(15,000)
15,000
-
-
Transfers &
gains/(losse
£
-
-
-
Transfers &
gains/(losse
£
-
-
-		 2022
£
8,185
36
26,967
491,340
526,528
2022
£
1,200
1,200
Closing
balance
£
326,718
336,393
344,320
680,713
1,007,431
Closing
balance
£
329,588
321,715
334,320
656,035
985,623
Closing
balance
£
302,622
24,096
326,718
Closing
balance
£
302,622
26,966
329,588

Restricted funds (continued)

Projects financed by restricted funds are supported by unrestricted funding where necessary. This occurs where the funding is in arrears or the incidence of expenditure on the project occurs disproportionately at the beginning of the project compared to the income flows. Where restricted projects end the year with a deficit, this is met by after year-end restricted income or transfers from unrestricted funds.

Building fund Funds raised towards purcahse of new building for the church. Tamil Church Various restricted funds. See Appendix 1 for full details.

Page 15

(A Charity Company Limited by Guarantee, company number 7027521)

Immaanuveel

Notes to the Accounts

for the year ended 30 June 2023

17 Net assets attributable to funds: current period
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds
18 Net assets attributable to funds: prior period
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds		 General
funds
470,218
211,697
(1,202)
680,713
General
funds
460,295
196,940
(1,200)
656,035		 Designated
funds
£
-
-
-
-
Designated
funds
£
-
-
-
-		 Restricted
funds
£
-
326,718
-
326,718
Restricted
funds
£
-
329,588
-
329,588		 Endowment
funds
£
-
-
-
-
Endowment
funds
£
-
-
-
-		 Total
£
470,218
538,415
(1,202)
1,007,431
Total
£
460,295
526,528
(1,200)
985,623

19 Taxation

The company is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.

20 Post balance sheet events

There were no significant post balance sheet events.

21 Contingent liabilities

Except as disclosed elsewhere in the Pensions accounting policy note, the charitable company had no material contingent liabilities at 30 June 2023 nor at 30 June 2022.

22 Related parties

There were no disclosable related party transactions during the year.

23 Transactions with trustees

There were no material transactions with the trustees during the year.

24 Gifts in kind and volunteers

During the year the charitable company benefited from unpaid work performed by volunteers.

25 Company status

The company is limited by guarantee and has no share capital. The guarantors liability in the event the company is wound up is restricted to a maximum of £1 each.

Page 16

(A Charity Company Limited by Guarantee, company number 7027521)

Immaanuveel

Appendix 1 - Tamil Church Restricted Funds for the year ended 30 June 2023

Fund Names B/fwd
1 Jul 22		 Incoming
Resources
Outgoing
Resources
Transfers		 C/fwd
30 Jun 23
Total Total Total
Camps:
Girls' camp 95 - - - 95
Young Adults' camp 1,411 - - - 1,411
Ministries - -
Indian 4,828 1,267 2,023 - 4,073
Sis Joyce ministries - - - - -
David Ministries - - - -
Individual in need :
Students' Support Fund 36 - - - 36
General fund 437 - - - 437
Monthly gift 16,774 3,315 5,448 - 14,641
Special Fund :
P.A. Desk (Manor Park) 339 - - - 339
One-off payment gifts 705 3,347 3,368 - 684
Sis Rani- Project - - - - -
Br Ebbi - - - -
Other Church funds:
Ilford- Nehemiah Mission 440 40 - - 480
JRPO- Funds 400 - - 400
ECF-MP 1,500 - - - 1,500
Total 26,966 7,969 10,839 - 24,096

Page 17