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2020-12-31-accounts

LEGAL AND A DMINISTRATIVE INFORMATION
Charity number 1132853 (registered
in England
8 Wales)
Address Emmanuel
Church
Centre
Forest Road
Loughborough
Leicestershire,
LE11 3NW
PCC Membership
Rev M.J.Broadley incumbent
and Chairman
RevS Harvey Associate Rector (seconded toSt David's Broom Leysfor
6 monthsfrom15'"
November2020)
Rev BLLGardner Curate (until resignation
on 26'" February		 2020 following
ordination
as Associate Priest ofthe Benefice of
Loughborough
The Good Shepherd
(effective from		 15'"
September2019))
L Collins Church Warden
E.M.Featonby Church Warden
J.H. Walker Representative
on Deanery Synod, elected member		 of
Diocesan Synod and, from 21"November2020, elected
memberof
General Synod
S.G Barney Reader, Chair ofthe Diocesan Board ofFinance
Representative
on Diocesan and Deanery Synod		 s
C.J.Sheldon Representative
on Diocesan and Deanery Synods
J.M. Burnard Representative
on Deanery Synod
N.J.Revell Representative
on Deanery Synod
Dr C.T.Spencer Reader, Lay Chair ofDeanery Synod, Lay Canon of
LeicesterCathedraland
PCCSafeguarding		 Lead
Dr P.E. Pullan Representative
on Deanery Synod (until resignation		 from
the PCC 31"May 2020)
H.R.Smith Reader (resigned
from the PCC 13'" October 2020)
A. Howlett ElectedMember(from13th
October2020)		 and (from
23"January 2021) Reader
M. Billage Elected Member(resigned
13'"October2020)
S.Collins Elected Member(resigned
13'"October2020)
B.Crew Elected Member(resigned
13'"October2020)
C.Rowles Elected Member(resigned13'"October2020)
R.Faulconbridge Elected Member (resigned 13"October 2020)
P.Oxbrough Elected Member(resigned
13'"October 2020)
M.B.Riddleston Elected Member
E.J Hassall Elected Member
A.J.Overton-Brown Elected Member
S.E.Reynolds Elected Member
F.Monsuur Elected Member (from 13'"October 2020)
DrT Marjoribanks ElectedMember(from13'"October2020)
D. Ninan Elected Member(from
13'"October2020)
DrA. Leishman Elected Member(from
13'"October2020)
K.A.Leishman Co-opted Memberand
Treasurer
C.Threlfall-Rogers PCC Secretary and Co-opted Member(until 13'"October
2020)

Unrestricted Funds Restricted 2020 2019
General Designated Total funds Total Total
E E E E E E
Income from: Notes
Donations
and		 legacies 2 245,398 904 246,302 31,954 278,256 288,438
Charitable
activities		 3 32,637 749 33,386 23,289 56,675 65,560
Other activities 4 22,798 22,798 105 22,903 36,673
Investments 5 494 494 494 621
Total 301,327 1,653 302,980 55,348 358,328 391,292
Expenditure
on:
Raising funds 6 29,139 29,139 29,139 15,936
Charitable
activities		 7 276,682 976 277,658 59,382 337,040 350,064
Total 305,821 976 306,797 59,382 366,179 366,000
Net income/
(expenditure)		 (4,494) 677 (3,817) (4,034) (7,851) 25,292
Transfers between funds 17 (1,330) 1,330
Revaluation
gains		 16 5,000 5,000 5,000
Net movement in funds (824) 2,007 1,183 (4,034) (2,851) 25,292
Reconciliation of funds:
Total funds
brought forward 573,766 81,323 655,089 23,839 678,928 653,636
Total funds
carried forward 14 8I15 572,942 83,330 656,272 19,805 676,077 678,928

2020 2019
Notes
Fixed assets
Tangible assets 573,262 575,471
Current assets
Debtors 10 12,107 37,628
Cash at bank and in hand 11 152,770 128,492
164,877 166,120
Creditors falling due within
one year 12 (62,062) (62,663)
Net current assets 102,815 103,457
Net assets 676,077 678.928
Funds ofthe charity
Restricted funds 14 19,805 23,839
General fund 15 235,252 241,076
Designated
funds		 15 83,330 81,323
Revaluation reserve 16 337,690 332,690
1otal unrestricted funds 656,272 655,089
Total funds 676,077 678.9 8

Income from donations
an		 d legacies
Unrestricted Funds Restricted 2020 2019
General Designated Total funds Total Total
E E E E
Planned giving 167,729 330 168,059 9,090 177,149 194,627
Gift aid 42,947 474 43,421 6,116 49,537 52,098
Plate collections 1,844 1,844 1,844 8,790
Sundry donations 28,172 100 28,272 13,167 41,439 24,706
Interest from HMRC 6 6 6 1
Legacies 4,700 4,700 300 5,000 5,000
Project 5000 3,281 3,281 3,216
245,398 904 246,302 31,954 278,256 288,438

Income from charitable
act		 ivities
Unrestdicted Funds Restricted 2020 2019
General Designated Total funds Total Total
E E E
Fees 801 801 801 3,633
Kitchen 256 256 256 1,214
Grants 27,271 749 28,020 7,269 35,289 21,732
Concerts 2,090 2,090 2,090 6,689
Bookstall 72 72 72 222
Church weekend 3,540
Social events 589 589 589 5,401
Youth work 496 496 496 1,928
Youth football team 16,020 16,020 20,349
Sundry income 1,062 1,062 1,062 852
32,637 749 33,386 23,289 56,675 65,560
Unrestricted Funds Restricted 2020 2019
General Designated Total funds Total Total
E E
Church Centre lettings 4,265 4,265 80 4,345 10,208
Church Hall lettings 8,791 8,791 25 8,816 20,083
Other lettings 7,279 7,279 7,279 4,250
Office &other income 2,463 2,463 2,463 2 132
22,798 22,798 105 22,903 36,673

Incom e from investments
Unrestricted Funds Restricted 2020 2019
General Designated Total funds Total Total
E E E 6
Bank interest receivable 494 494 494 621
Unrestricted Funds Restricted 2020 2019
General Designated Total funds Total Total
E E 6
Stewardship
and		 appeal
costs 89 89 89 537
Church
Hall running		 costs 4,923 4,923 4,923 5,481
Church
Hall maintenance		 573 573 573 385
Office and management
costs 23,554 23,554 23,554 9,533
29,139 29,139 29,139 15,936
All expenditure on raising funds m the prior year was unrestricted and undesignated.
Expenditure
on		 charitable activities
Unrestricted Funds Restricted 2020 2019
General Designated Total funds Total Total
E E
Misnonary
and		 charitable
giving (note 7a) 24,540 24,540 3,156 27,696 30,453
Parish gift 114,900 114,900 2,196 117,096 123,048
Church weekend 3,494
Clergy expenses 3933 214 4,147 528 4,675 6,462
Clergy houses 467 467 467 1,904
Church running(light, heat,
insurance
etc)		 28,960 762 29,722 5,462 35,184 38,615
Repairs and other costs 4,269 4,269 39 4,308 2,260
Church
Hall running		 costs 5,249 5,249 5,249 5,481
Church
Hall maintenance		 574 574 574 384
Youth and children's work 28,730 28,730 289 29,019 25,044
Youth football team 18,382 18,382 1&,022
Music team 21,504 21,504 1,035 22,539 20,745
Outreach
&Alpha		 913 913 729 1,642 3,198
Internship
costs		 900 900 900 2,410
Project 5000 782 782 3,163
Social 75 75 145 220 4,954
Concerts 1,604 1,604 1,604 5,250
Publicity 845 845 1,078 1,923 3,575
C/fwd to next page 237,463 976 238,439 33,821 272,260 298,462

NO TE S TO THE FINANCIAL STATEM S TO THE FINANCIAL STATEM S TO THE FINANCIAL STATEM S TO THE FINANCIAL STATEM S TO THE FINANCIAL STATEM S TO THE FINANCIAL STATEM ENTS F OR THE Y EAR ENDED 31 DEC EMB ER 2020
Expenditure on charitable activities (continued)
Unrestricted Funds Restricted 2020 2019
General Designated Total funds Total Total
E E E E E
8/fwd from previous page 237,463 976 238,439 33,821 272,260 298,462
Office &administrative
costs 29,518 29,518 23,821 53,339 37,788
Kitchen 846 846 204 1,050 4,564
Depreaation 7,280 7,280 1,097 8,377 7,560
Bank charges 555 555 439 994 670
independent examination
fees 1,020 1,020 1,020 1,020
276,682 976 277,658 59,382 337,040 350,064
AB expenditure on charitable activities in the prior year was unrestricted and undesignated apart from the following:
Designated Restricted
E E
Missionary &charitable giving 2,072 2,338
Clergy expenses 691 482
Clergy houses 380
Church
running		 (light, heat, msurance etc( 1,150 4,893
Youth &childrens' work 130
Youth football team 18,022
Music team 1,866
Outreach & Alpha 107
Project 5000 3,163
Social 70
Publicity 144 2,321
Office &Administrative costs 8,760
Kitchen 62 1,463
Depreciation 280
Bank charges 144 101
4,263 44,376
Missionary
and ch		 aritable
giving
2020 2019
General Designated Restricted Total Total
E E E E
SOAR Project 3,500 3,500 3,543
Church Missionary Society 4,252 4,252 4,252
The Bible Society 1,300 1,300 1,418
TearFund 1,300 1,300 1,418
Diocese ofKiteto 1,200 1,200 1,200
C/fwd to next page 11,552 11,552 11,831

NOTES TO THE FINANCIAL STA TEMENTS FOR TH E YEAR ENDED 31 DECEMBER 2020
Missionary and charitable giving (continued)
8/fwd from previous
page		 11,552 11,552 11,831
Diocese ofMount
Kilimanjaro		 1,350 1,350 1,350
Child Contact Centre 1,418
Project 5000 1,400 1,400 1,418
Christian
Solidarity Worldwide		 1,418 1,418 1,418
Belgian Evangelical
Mission		 1,418
Street Pastors - Loughborough 1,000 1,000 1,000
Loughborough
Churches
Partnership		 1,750
Crosslinks 1,400 1,400
STBGrange Park 2,072
Give to Give Away 486 486 1,571
Grants less than E1,000/not yet allocated 6,420 2,670 9,090 5,207
24,540 3,156 27,696 30,453

Included
within the expenditure
in		 Notes 6and 7 are the follow ing emplo yme nt
costs:
2020 2019
General Designated Restricted Total Total
Staff costs E E E E
Wages and salanes 98,131 19,402 117,533 79,598
Social security costs 2,107 757 2,864 1,368
Pension costs (DCscheme) 5,337 1,180 6,517 5,206
105,575 21,339 126,914 86,172
The average
m		 onthly
number ofemployees
(full and part time) during t		 he year was as follows:
2020 2019
Number Number
Office 4 2
Cleaners 2 2
Youth, children and young families ministries
7 6

Freehold Land Fixtures and
and Buildings Equipment Total
E E
Cost or Valuation
At 1stJanuary 2020 555,000 77,263 632,263
Additions 1,168 1,168
Revaluation
(Note 16)		 5,000 5,000
At 31st December 2020 560,000 78,431 638,431
Depreciation
At 1stJanuary 2020 56,792 56,792
Charge for the year 8,377 8,377
At 31stDecember 2020 65,169 65,169
Net Book Values
At 1stJanuary 2020 555,000 20,471 575,471
At 31st December 2020 560,000 13,262 573,262

Debtors
2020 2019
E E
Accounts receivable 2,538 5,450
Gift aid recoverable 4,537 22,009
Prepayments
and accrued income		 4,476 7,496
Other debtors 556 2,673
12,107 37,628
Cash at bank and in hand
2020 2019
E E
PCC reserve fund bank account 128,707 113,213
PCC general current bank accounts 23,858 15,048
Senior football team cash and bank 75 75
Cash balance 130 156
152,770 128,492

2020 2019
E E
Accounts payable 3,063 1,648
Accrua Is and deferred income 48,885 58,960
Unpaid tithe 6,049 2,480
Taxation and social security 2,165 (1,652)
Collections to be paid over to others 488 80
Sundry creditors 1,412 1,147
62,062 62,663

addition,
reimbursement
oftraining,
develo
been reimbursed
by the Diocese.		 pment
and clergy expenses relating		 to us being a Resource Church
 has also
2020 2019
Balance brought
forward		 47,495 1,200
Grants added
in current period
- SDFfunding
(restricted St Barnabas Grange Park)		 50,000
-Other grant funding
(restricted St Baranabas Grange Park)		 16,088
- SDF &Growth
Fund funding
(general fund		 staff costs) 25,250
- SDFreimbursement
ofexpenditure		 3,290
-QRS reimbursement 3,113
Other income invoiced
in advance		 520 660
Amounts
released to income from previous		 &current periods (35,835) (20,453)
Balance carried forward 43,833 47,495

At Incoming Outgoing At
1stJan 2020 resources resources 31stDec2020
E E
Project 5000 6,678 3,667 (782) 9,563
Youth football 9,153 16,788 (18,482) 7,459
St gama has Grange Park 6,348 34,593 (39,722) 1,219
Other restricted donations 1,660 300 (396) 1,564
23,839 55,348 (59,382) 19,805

Restricted funds (contin ued)
Analysis ofmovements during the PREVIOUS reporting period
At incoming Outgoing At
1stIan 2019 resources resources 31stDec2019
E E E
Project 5000 6,428 3,421 (3,171) 6,678
Youth football 6,016 21,224 (18,087) 9,153
St Barnabas Grange Park 28,208 (21,860) 6,348
Other restricted donations 2,043 875 (1,258) 1,660
14,487 53,728 (44,376) 23,839

Analysis of movem ents
d		 u ring the CURRENT r eporting
pediod
At Irlcomiiig Outgoing At
1stfan 2020 resources resources 31stDec2020
Designated Reserve fund 60,000 60,000
Designated Appeal fund 544 (544)
Designated Books fund 364 (364)
Designated Redecoration fund 10,000 1,874 11,874
Designated Church planting fund 10,415 1,653 (612) 11,456
Total designated
funds		 81,323 3,527 (1,520) 83,330
General fund 241,076 301,327 (307,151) 235,252
Revaluation reserve (note 16) 332,690 5,000 337,690
Total unrestricted funds 655,089 309,854 (308,671) 656,272

Analysis of movem ents
d		 u ring the PREVIOUS r eporting period
At Incoming Outgoing At
1stfan 2019 resources resources 31stDec 2019
E E
Designated Reserve fund 60,000 60,000
Designated Appeal fund 544 544
Designated Books fund 514 (150) 364
Designated Redecoration fund 5,000 5,000 10,000
Designated Church planting fund 37 14,491 (4,113) 10,415
Total designated
funds		 66,095 19,491 (4,263) 81,323
Generalfund 240,364 323,073 (322,361) 241,076
Revaluation reserve (note 16) 332,690 332,690
Total unrestricted funds 639,149 342,564 (326,624) 655,089

At»t Revaluation in At 31st
ian 2020 year Dec2020
E E
Land and Buildings 332,690 5,000 337,690

At»t Revaluation in At 31st
ian 2019 year Dec 2019
E 6
Land and Buildings 332,690 332,690
Transfers between funds
Unrestricted Designated Restricted Total
6 E E
Transfer from general fund to designated redecoration
fund (1,330) 1,330
Transfer from designated appeal fund to designated
redecoration fund
Transfer from general fund to revaluation reserve
(1,330) 1,330

Balance sheet analysis
a. Balance sheet analysis by fund type (CURRENT YEAR)
General Designated Restricted Total
E E E
Fixed assets 568,669 4,593 573,262
Current assets 9,527 6 2,574 12,107
Cash at bank 11,008 83,324 58,438 152,770
Creditors (16,262) (45,800) (62,062)
Net assets 572,942 83,330 19,805 676,077
b. Balance sheet analysis by fund type (PREVIOUS YEAR)
General Designated Restricted Total
E E E E
Fixed assets 570,949 4,522 575,471
Current assets 31,868 2,007 3,753 37,628
Cash at bank (15,375) 79,316 64,551 128,492
Creditors (13,676) (48,987) (62,663)
Net assets 573,766 81,323 23,839 678,928