IEMMANUELCROYDON Annual Report and Financial Statements of the Parochial Church Council of Emmanuel Church, South Croydon for the year ended 31 December 2024 Registered Charity no 1132879
IEMMANUELCROYDON Annual Re rt for 2024 Alm and Pur oses The Parochial Church Council of Emmanuel Church, South Croydon Ithe"PCUI hasthe responsibilityof COPeratIng with the Vicar, the Revd John Adams. in promoting in the ecclesiastical parish the whole mission of the Church: pastoral,. evangelistic,. social; and ecumenical. The Vicar and PCC have taken account of the Charity Commission's guidance on public benefit in planning our activities. Ives and Actlvltles Emmanuel Croydon seeks to be a place of unconditional welcome, Chri5t-centred revival and deep discipleship, for our generation and the next. in South Croydon and beyond. All our teaching. ministries and activities are rooted in the Bible, and our desire to see people respond to the living God through creative worship and openness to the ministry of the Holy Spirit, The principal activities in sUPPOrt of these objertives include weekly sen/ice5 of public worship and prayer, homegroups for bible study and fellowship, and a wide range of regular mid-week and other periodic activities which engage all ages of our con8re8ation, and provide opportunities to reach out to our communitv. Emmanuel is blessed with many committed volunteers, who alongside our staff team, run or assist with ouractivities, The PCC would like to express its thanks to all who volunteered their time so willin8ly during 2024. Achl and Worshlp and Prayer Our Sunday pattern of worship and prayer has comprised the following services: Sunday mornin8s at 10am. This service (which 15 also live-streamed) contains sung worship, prayers, song5, readings from the Bible. and a sermon. The worship is led by a band with contemporary songs as well as hyrnns with an organ. There are separate activities for children in The Rock, with a bible story, songs, memory verses, prayers, games and craft, and a Be Together group, for adults with additional needs. Our Youth Group also meets, with between 20 and 30 Meeting in two groups. Sunday evenings at 6,30pm. This service contains sung worship, prayers, readings from the Bible, and a sermon. The worship is led by a band with contemporary songs. Monthly reflective Evening Prayer service5 at 8.30pm. Our Worship has occasionally been enriched by our Youth Band. We have also held a number of Praise and Worship evenings. including in the Emmanuel Centre. Prayer Ministry has been provided at both the morning and the evening service, and all sermons are available for download, A highlight of the year was the servi¢e in February, where 9 people gave their testimony and were baptised or reaffirmed their baptismal vow5. In addition to our Sunday services. Yuesday atTwo" offers a mixture of presentations, activities and a fortnightly service, traditional in style, with organ-led hymns and semions from our preaching team. At Christmas, we held our traditional carol services, including listening to the Emmanuel choir, and hearing Christrna5 Bible readings whi¢h tell the good news of Jesus's comin8. We also led an open-air Christmas evangelistic event in the centre of Croydon, and ran a quiet, more reflective "Blue Christmas" service. On Christmas Eve, we held an all-age service {run twice) based on stories from round the campfire which enabled us to discover anew what Christmas is all about. We celebrated Easter with two reflective sep4tces on Good Friday, and an all-age Easter Sunday celebration, followed by a family Easter trail which enabled us to discover more about the miracle of the resurrection of Jesus. Page I
IEMMANUELCROYDON 2024 was particularly designated as our Year of Prayer. We held regular"Prayer at the Centre" meetings both in person and via Zoom, as well as a series of events in the Autumn to PrayThe Vision, following the sermon series on revival, and a Celebratlng Prdyer tea-party. Durlng Lent, there was an opportunlty to explore and experience Ancient Prayer Practlces. Regular communication with members remains a priority. A'mid-week Memo", typically led by the Vicar, has been used to complement the teaching in the Sunday Services, and a weekly email update was sent to everyone on the church's database every Friday. L¥5clpleshlp and Pastorol Core Supporting members of our congregation and local community at various stages of faith and family life is an important part of our life as a Church. One important way we do that is through our Home Groups, where studies have continued to be linked to the Sunday morning sermons. A new small group-"Rooted° was launched for bible study, discussion and prayer for those in their 20s and 30s. We also offered people the opportunity to find out more about Jesus through Hope Explored and Alpha courses, which brought a number of new people into our church family. In September, we began Bible Café, which meets prior to the evening service each week and is aimed at new believers and those exploring the Christian falth. The pastoral care ofchurch membersand parish residents isshared amon8 many people. It takes place in variouscontexts, with Home Groups and the Emmanuel Prayer Network playing an important part. We encourage all church Members to exercise care for one another as members of the 8ody of Christ. The Pastoral Team, comprised of the Clergy and pastoral ministers, also respondsto crises and provides one-tone care and counsel. We ran the 7 week course, the Bereavement Journey. This is for those grievin8 a recent death, or wanting to explore a previous bereavement. WlderArtlvltles and Mlnlstry As we continue to nurture and build our communlty, we want our groups and activities to be a place for people to be Inspired, to join in, lead and grow. As a step to dèepening our congregational r8latlonships, we held a "Re<onnacY' day in June at a site in thé Kènt Countryside, attended by 120 people of all a8es. Such VAS its success, that we are planning a similar day in 2025. We held regular Mldvek activities for our children and young people, with our aim drawn from Psalm 145v4: "One generation shall commend your works to another, and shall declare your mi8hty acts." Messy Mondays is a fun monthly service wlth craft, activities, and me55y fun for primary school aged children and their grown ups and sibling5. Friday Rock. every two weeks, is a popular. fun-filled, action packed group for children in school years 3-6. We also ran our "Miracle Mayhem" holiday club for primary school children during a week in the summer holidays. Wednesday Hangout Is for s¢hool years &9, with 8ames, delicious home-made cakes and the opportunity to explore some of the big questions about God together. Forschool years 10-13. there wasTue5day Pasta where, as well as eating pasta, there were interactive discussions about faith and the Bible. A new fortnightly group meets before the evenin8 service, and we have welcomed more young people in church on Sunday evenin8. Lighthouse, our monthly group for those with additional needs and their carers, restarted durin8 the year. For young families, we have seen strong growth in numbers as we have continued with our pro8ramme of creche, Toddlers, Saturdads, Bumps and Babies and Messychurch. Our ChristmasToddlersservice was attended by over 100. We have started a half-termly meet up foryoungfamilies who come to our morning service to help themget to know each other better, and we hold a parents, Home Group for those with young children still at home. We have put a lot of focus into our Women's ministry work and have held Women's Breakfasts and Curry nights, both of which have been very popular. A particular highlight was a Christmas Craft evening held in the church. Meanwhile our Men's ministry has continued with periodic Curry evenings. Our activitie5 for Seniors included weeklyTuesday afternoon meetings, and a Summer Rendezvous. a holiday at home for older people, featuring games and Craft, entertainment. a Bible thought for the day. and lunch. Page 2
IEMMANUELCROYDON On Fridays each week. the Renew Lounge offers welcome and hospitality and has helped us build our links into the local Community. It includes hot drinks and a light lunch, workspaces. and a Story Time for children aged 4-11 years which once agaln has been very well attended. Selam is an English language class for women in the locality for whom English is not their first language, and a place where theycan find friendship, confidence, and a warm welcome into the UK. Buildin8 on connections that some members of the congregation already had, we have established a team to progress a ministry to local prisons, including leading worship and prayer on selected Sundays. The ECO Group continued to ¢oordinate our thinkin8 and efforts to become better environmental curators of God's creation, both corporately and individually. We want our church- as an organisation, as a building and as members- to work to increase our positive environmental interactions and to decrease our negative environmental impact. Globol Mlsslon In addition to ourown ministry and mission within our parish, we support and pray for rnission in other parts of Croydon, elsewhere in Britain, and abroad. Each year we set aside part of our income to fund this. How the 8lobal mission budget IS Spent is the responsibility of the Global Mission Committee, which reports to the PCC. In addition, some of the parish support fund we give each yearto the Diocese of Southwark support5 mission in poorer parts of South London. We support a wide range of people, projects and organisations aiming to achieve a spread across work in evangelism, social action, justice and discipleship, Many of the projécts and organisation5 we support were begun by Emmanuel membersor have an Emmanuel member actively involved in them. We aim wherever possible to maintain these personal links, $0 that our Mission spending is about relationships as well as giving money to good causes. We also support our rnisslon partners through prayer and each week in church we pray for at least one area of mission. Regular prayer meetings are held for mission with a particular focus on people with whom we are linked. Our support In 2024 can be grouped under two main areas of activity: Support for our mission partners: Slmon French working with the Borderless programme run by Africa Inland Mission to reach out to African immi8rants and refugees in the UK. This includes supporting refugees throu8h the Croydon Refugee Day Centre and teachin8 them English as a foreign language. Ruth Kade running education pro8rammes in refugee camps in South Sudan Jack and Sarah Winterburn, working as pastoral asslstants with European Christian Mission in Tours in France Donald and Becky Kamese, running Predica Vida (Preach Lifel, a Bible Training equippin8 local leaders to plant Christ-centred churthes in the °Circle of Silence" in Mexico. Emily Speed, working Wlth Croydon primary schools through the Spinnaker Trust. Support for a number of mission organisations and project5 in the UK and overseas which reflect our vision and objectives for support of evangelism, relief work. advocacy for lustice and building up the work of local churche5 in their own communities. Some of these projects have a longstanding relationship with Emmanuel and have been supported for many year5. In most cases there is a strong link with a current or former member of Emmanuel. The projerts supported in 2024 include African pastors studyin8 theology at Bishop Barham University College, our mission partner working with Scripture Union in Tajikistan, Pastor Nathan Bassaly in Egypt supported though Intemational Needs and The Daniel Spargo-mabbs Foundation. Numbers: Every six years we are required to prepare a new Electornl Roll. Our new roll was prepared in April 2025. It now consists of 310 names. Compared with 384 in the previou5 year. During the year we conducted 3 adult and 8 children baptism, and 3 weddings. There were 3 funeral5. Page 3
IEMMANUELCROYDON Financial and er ional Revlew Fundraislnq In line with the reporting requirements included in the Charities Act 2016, the Trustees can ¢onfirm that all fundraising is undertaken in compliance with best fundraising practice. All fundraising activities follow traditional methods which have been recognised as ethical for many years. During 2024 we did not employ any professional fundraisers. There were no complaints or criticisms during the year about our fundraising activities Generol Fund Voluntary donations to the General Fund {including tax re¢overable} in 2024 amounted to £519,744 compared with £463,067 in 2023, an increase of 12%. Income from Charitable Activities in 2024 of £48,910 was lower than the £51,847 reeeived in 2023. Total income of £575,861 wa5 10.5% higher than in 2023. Total expenditure in 2024 of £644,933 was 12.5% higherthan inthe previousyear1£573,3201 with Increased staff related costs and running costs for the church. Overall, expenditure exceeded income by £69.072 compared to prior year when expenditure exceeded income bv £52,702. Development Fund The Development Fund holds Emmanuel's freehold properties (the Emmanuel Centre and three staff houses) and the unspent cash balances from lega¢ies received in previous years and any legacies received in the current year. The purpose of the Development Fund is to invest in peoplei projects and properties in furtherance of Emmanuel's ministry. Durin8 the year, there was one legacy recognised of £84,38812023: £nill and interest on the accumulated cash balances amounted to £17,78812023: £13,026) reflecting higher prevailing interest rdtes. Expenditure durlngthe year included a grant of £5,000 {2023: £5.000) beingthe final instalmentof a £20,OOOcommitment to fund a youth workerforst Fran¢isChurch, Monks Hill. Therewasalso a non*ash depreciation charge of £42.24012023: £42.2401 relating to the Emmanuel Centre as required by accounting standards. Net assets carried forward at 31 December 2024 of £2,933,829 comprised properties of £2,531.431, debtors of £64,388 and cash balances of £343,010 less a payable of £5,000. RestrlrtedFunds Restricted Fund5 arise from those grdnts and donations which have been specified by the donor for a spe¢ifi¢ purpose. Such funds are not available to the PCC to spend for any other purpose. Income forthe year con515ted of £11,713 to support a C05t of Living Fund set up to provide small grant5 to support people in financial need, as well as £3,868 to provide funding to enable the Emmanuel Centre to be open as a warm space for the Community. During the year, there was expendrture of £768 to cover grants to mission partners, £1,627 as small grants to individua15 in need, £1,341 to covercosts of the Emmanuel Centre to provide a warm space for the Comrnunitv, and £2,286 expenditure on providing Lighthouse for young people with additional needs. Further detai15 are gNen in Note 9 to the Financial Statements. OutlookAor 2025 The PCC has set an expenditure budget for operational funds in 2025 of £638,000. In the prevailing economic climate, it is difficult to predict both income and expenditure for 2025. HoVver. the PCC considers that reserves built up in prior years will be sufficient to cover any deficit arising in 2025 but this level of spend will not be sustainable in future year5 without a significant increase in income. In addition to the Generdl Fund, there are certain planned capital expenditures, such as a new platform and energy- efficient lighting system forthe ChUh. These will be funded from the Development Fund. Page 4
IEMMANUELCROYDON rves Poli It is PCC policy to maintain, to the extent possible, a balance on unrestricted funds (excluding fixed assets) equating to between three and six months, expenditure, At 31 December 2024, the General Fund reserve5 were in the middle of this range and represented approximately four and a half rnonths, expenditure. Reserves in the Development Fund at 31 December 2024 were £402,398 excluding fixed assets. It is PCC policy to carry forward Development Fund reserves for future expenditure on people, projects and properties in furtherance of Emmanue5's ministry. There are also restricted funds of £21,770. It is PCC policy to place funds surplus to imrnediate requirements with the CBF Church of England Deposit fund. Pl ns for Future Peri As a parish church, our plan isto prdyerfully continue to invest time, mney and resources into sharing the Good News of Jesus and bein8 a centre of prayer, worship, learning and pastoral care for all who live in the local community, or join us on line. 2025 is our Year of Discipleship when a number of activities are planned to encourage us to grow further as Church and individuals in this crucial area. Rlsk Man em The PCC is responsible for considerin8 the major risksto which the Church is exposed and forthe systems and procedures designed to mitigate those risks. In this regard, PCC appointments include an Insurance Officer, a Safeguarding Officer and a Health & Safety Officer. The PCC have in the past established a team to conduct a formal risk review process and to prepare a risk re81ster for the Church. During the year our sub committees were asked to reassess risk5 to reflect Current views under a numberof kev headings (for example, fabric, financial. and operational risks) and to assess.. what the risk5 are, how likely they are to arise, what severity of impact they mi8ht have and what mitigations and controls exist. The register is reviewed and updated periodically by the Standing Committee and results reported to the PCC. The Head of Operations is responsible for the risk re8lSter and, working with the Associate Vicar, has oversight responsibility for health and safety throu8hout the church complexes. In addition, during the year we have initiated a review and audit of our current Health and Safety systems. Durin8 2025 we expect to install a new Health and Safety management Svstem and create an action plan. The most significant risk factors relate to the Church's fabric, its activities with young or vulnerable people, and its continuity of income. The team were satisfied that these risks are adequately and appropriately addressed through combination of insurance, operating procedures and controls, and prudent budgeting and cash flow forecasting. The specific risk factors hlghlighted as requiring attention are being progressed by the Standin8 Committee and the risk re8lSter is subject to periodic review and consideration by the Standing Committee. Saftquordlnq We take the safeguarding and care of children and vulnerable adults very seriously. The Vicar has overall responsibllity for safeguarding. Linda Penn is the PCCS appointed Parish Safeguarding Officer and there are 4 Deputy Parish Safeguarding Officer5: David Griffin, Lizi Pamplona. Jo Lines and Ally Keresey. Jane Mash is the Safeguarding Administrator overseeing DBS checks. All of our activities were carried out in accordance with a safeguarding policy in line with guidance given by the Diocese of Southwark's safeguarding officer, and approved by the PCC. All group leaders and helpers involved with any activities with children or vulnerable adults undergo safeguardin8 checks as required by the poli¢y. Page 5
IEMMANUELCROYDON Stru ure Governance na ement The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Power5 Measure, and is a registered charity. The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and may then stand for election to the PCC. All members of the PCC afe Trustees in accordance with the requirements of the Charities Act 2011 (the "Act"). All new PCC members are appraised of their responsibilities as trustees under the definitions of the Act through meetings and training, and in particular through an extended briefing at the first meeting of each new PCC, Existing PCC rnembers have been provided with training for Safeguarding children and vulnerable adults and this will be continued for new members. The PCC has appointed a number of Committees to assist in Carrying out its aims and objectives.. Standing Human Resources Global Mission Fabric Finance E¢0 Group LLF Group The Stsnding Committee Isempowered totransactthe business of the Pccbetween its meetings, subject toanydlrections 8iven by the PCC. The Standin8 Committee keeps under review all matters of PCC business that are not delegated to other committees and advises the PCC accordingly. The PCC and all comrnittees additionally operate underthe guidelines of the Emmanuel Church Standing Orders updated June 2024. Listening Group The PCC met for ordinary business seven times during 2024. Pay and remunemtlon Koy Mana88mént P•rsonnel ar• consider•d to be the PCC m•mb•rs and Cler8y as thy ar• In char80 of directing, controllin& running and operating the church on a day to day basis. All PCC members give of theirtime freely and received no remunerntion in the year. Details of PCC members, expenses and related party transactions are disclosed in Note 10 to the financial statements. Pay and remuneration of our Vicar and Assoclate Vicar is determined and paid by the Diocese of Southwark. Pay and remuneration of other staff is determined by the PCC, with periodic benchmarking against similar roles and Diocesan pay awards. Annual Increments are linked directly to Diocesan increases. mlnlstratlve Information Full name of PCC Addre55 Telephone Registered Charity No: Auditor5 Bankers Parochial Church Council of Emmanuel Church, South Croydon Emmanuel Church Office, Normanton Road. South Croydon, Surrey CR2 7AF 102018688 6676 1132879 Xeinadin Audit Limited, 5 Robin Hood Lane, Sutton, Surrey SMI 2SW CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ National Westminster Bank. l High Street, Croydon, CR9 IPD Page 6
IEMMANUELCROYDON Leadership and Personnel The Vicar has been supported in leadership by the PCC, and- the Rev Jon Featherstone, Associate Vicar. the Rev David Griffin, Associate Minister for Youth, Children and Families. the Ministry team: which comprises the Vicar, Clergy and staff team and the heads of ministries. The heads of ministry include Discipleship and Evangelism INatasha 8urtl, Prayer (Alison Lavrton). Outreach (Simon French), Seniors (Carol Trowerl, and Vulnerable {Sally Bruce). The team meets together weekly to oversee the day to day development of the church's ministry. The Leadership Team, which is made up of the Vicar, Associate Vicar and Minlster for Children, Youth and Families, the Church Wardens and up to three other members from the church family (who are nominated by the Leadership Team to complement the skills and perspectives of the ex-officio members and whose appointment is approved by the PCC}. Staff Teom The staff team consisted of: The Vicar Associate Vicar Associate Minister for Youth, Families and Children (paid role) Families Pastor (poid role) Children's Pastor (paid rolel Worship Pastor Ipoid rolel Production and Online Media Coordinatorlpuid rolel Associate Minister for Discipleship and Evangelism Ministry Trainee Readers Principal Organist SPAS Head of Operations Ipold role) Administrators (paid role) PA to Clergy (poid rolel The Revd John Adams The Revd Jon Featherstone The Revd David Griffin Jo Lines Lizi Pamplona Stuart Burke Sam Merrell Natasha Burt Dima Horda (from September 20241 Jeremy Davies {to May 20241, Andrew Gillam Richard Mash Eileen Parsons, Carol Trower, and Liz David Sally-Ann Jackson Susie Foster Abi Davie5 (Maternity leave from April 2024), Julia Ascott {from May 2024) Linda Penn Jane Mash Safeguarding Officer Safeguarding Administrator Pold roles The PCC has established a number of paid staff roles to lead key activities, coordinate volunteer5, and to support the lergy in their work. The PCC keeps the rationale for these roles under regular review. The paid roles in place during 2024 are indicated in the staff team list above. Annual appraisals are undertaken forall staff by the relevant Line Manager. We encourage the on-going development of our team and during the yearjon Featherstone started the CPAS Arrow Leadership Programme. run by CPAS, Stuart Burke Completed a one year course in Theology. Ministry and Mission at St Mellitus. and Natasha Burt started her second year at Crosslands Seminary where she is doing a part time Masters covering training in theology and leadership. Page 7
AEMMANUELCROYDON Parothial Church Council Membershlp Members of the PCC are either ex officio or elected by the Annual Parochial Church MeetinE IAPCMI in accordance with the Church Representation Rules. During the period l January 2024 to 14 July 2025, the date of this Annual Report, the following served as member5 of the PCC: Vicar: Associate Vicar.. Associate Minister for Youth, Familie5 and Children Minister with PTO.. Churchwardens: The Revd John Adams The Revd Jon Featherstone The Revd David Griffin The Revd Jan Wilson (to March 20251 Pete Burt Richard Mash (also member of Deanery Synod) Members of Deanery Synod: Seyi Aderinola {from May 20251 ctare 8u¢hanan (to May 2024) Rebecca Chapman (from May 20251 Mary Knight Daniel Ora2alume Paul Waddell (to July 2024) Rachel Warren (to February 20251 Elected members: Rachel Chrystie (to June 20241 Susanne French Andrew Gillam Carolyn Heath Dima Horda (to May 2025) Clare Jeffries Jonathan Mash (to May 20241 Tanya Moraites (from May 20251 Linda Penn Rebecca Pickerin8 (to July 20241 Judith Prior (from May 20251 Mark Riches (from May 2024) Alastair Roseweir Ito June 20241 Jeremy Sinclair Sarah Small (from May 20251 Rachel Smith Simon Smith Colin Webster (from May 20241 Garry Winterburn {from May 20251 Sue Woollev Magdalena Zajaczkowska (to May 20241 Page 8
EMMANUELCROYDON RESPONSIBILITIES OF THE MEMBERS OF THE PCC Charity Law requires the PCC to prepare financial statement5 for each financial yearwhich glve a true and fair view of the state of affairs of the Church and of the results for that year. In preparing those financial statements. the PCC is required to: select suitable accounting policies and then apply them consistentlv; make judgements and estimates that are reasonable and prudent: Comply with the applicable a¢countin8 Standards Subject to any material departures disclosed and explainèd in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Church will continue in operation. The PCC is responsible for keeping adequate accounting records which disclose, with reasonable a¢curaey at any time, the financial position of the Church. and to enable thern to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Prdctice and the regulations under section 154 of the Charities Act 2011. It is also responsible for safeguarding the assets of the Church and hen¢e for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the PCC ff4Lt Chair 14 July 2025 Page 9
AEMMANUELCROYDON Independent auditorfs report to the members of the Parochial Church Council of Emmanuel Church, South Croydon Opinion We have audited the financial statements of the Parochial Church Council of Emmanuel ChUh, South Croydon (the "PCC") for the year ended 31 December 2024 which comprise the Statement of Financial Activities. the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. Th• Financial Reporting Standard applicabl• in the UK and Republic of Ireland {United Kingdom General Accepted Accounting Practice). In our opinion, the financial statements: 8ive a true and fair view of the state of the PCCS affalrs as at 31 December 2024 and of its incoming resources and application of resources for the yearthen ended,, have been properly prepared in accordance with United Kin8dom Generally Accepted Accounting Practice. have been prepared in accordance with the requirements of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) IISAS {UKI} and applicable law, Our responsibilities under those Standards are further described in the Audrtorfs responsibilities for the audit of the f inancial staternents section of our report. We are independent of the PCC in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCS Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to 8oln8 concern In auditing the financial statements, we have concluded that the PCC rnembers, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the PCC'S ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the PCC members with respect to going con¢em are described in the relevant sections of this report. Other Inforniatlon The other information comprises the inforniation Included in the annual report. including the PCC member5, report, other than the financial statements and our auditorfs report thereon. The PCC members are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherrf4ise explicrtly stated in our report. we do not express any form of assurance conclusion thereon, Our responsibility is to read the other information and, in doing 50, consider whether the other information is materially in¢onsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated, If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements thèmselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. W• hav• nothing to report in thi5 regard. Page 10
AEMMANUELCROYDON Independent auditorfs report to the member5 of the Parochial Church Council of Emmanuel Church, South Croydon (continued Matters on whlch we are requlred to report by exception In the light of the knowledge and understanding of the PCC and its environment obtained in the course of the audit, we have not identified material misstatements in the PCC members, report. We have nothing to report in respe¢t of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreement with the accountin8 records and returns,. or certain disclosures of PCC members, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit. Responslbllltles of the PCC members As explained more fully in the PCC members, responsibilities statement. the PCC members are responsible for the preparation of the financial statements and for bein8 satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statement5 that are free from material m1$5tatement. whether due to fraud or error. In preparing the financial ststements, the PCC members are responslble for assessing the PCCS ability to continue as a going concern, diselosin8, as applicable. matters related to goin8 concern and using the going concern basis of accounting unless the PCC members either intend to liquidate the PCC or to cease operations, or have no realistic alternative but to do so. Audltorfs responslbllltles for the audlt of the ftnandal ststements We have been appointed as auditor under section 145 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misststements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Based on our understanding of the charity, we identified that the principal risks of non-compliance with law5 and regulations related to employment. financial reporting legislation and health and safety regulations and we considered the extent to which non-compliance might have a material effert on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011. We assessed the 5U5ceptibility of the ¢harity's financial ststements to material mi5Statement, in¢luding obtaining an understanding of how fraud might occur, by making enquiries of management, considering the internal controls in place and discussion amongst the engagement team. Page 11
IEMMANUELCROYDO Independent auditorfs report to the members of the Par(Khial Church Council of Emmanuel Church. South Croydon (continued) Auditorfs responslbllltles for the audit of the financlal statements Icontlnued) We determined that the principal risks were related to management bias in accounting estimates, presentation of separately disclosed items and management override of controls. In response to the risks identified we designed procedures which included, but were not limited to challenging significant accounting estimates such as depreciation of tangible fixed asset5, agreeing financial statement dis¢losure5 to underlying supporting documentation, identifying and testing journal entries, reviewing PCC Meeting minutes and evaluating the charitys internal controls. There are inherent lirnitations in the audit procedures described above. The more removed that laws and regulations are from financial transactions. the less likely it is that we would become aware of non<ompliance. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. Iwww.frc.org.uk/auditorsresponsibilities]. Thls description forms part of our auditorfs report. Use of our report Thls report 15 made solely to the PCC member5, as a body. in accordance with Part 4 of the Charities {Ac¢ounts and Reports) Regulations 2008. Ourauditwork has been undertaken sothatwe rnight stateto the PCC membersthose matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the PCC and the PCC member5 as a body, for our audit work, for this report, orfor the opinions we have formed. LiLLLiLea Xelnadln Audlt Llmlted Statutory Audltor Chartered Accountants 5 Robin Hood Lane Sutton Surrey SMI 2SW Xelnadin AuditLimited is eligiblefvr appointmentas auditor of the Pccby virtue of its eliglbilityfor appointmentas auditor of a company undersection 1212 of the Companies Act 2(x16. Page 12
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Emmanuel Church, South Croydon BALANCE SHEET at 31 December 2024 Note 2024 2023 FIXED ASSErs Tangible fixed assets 2,561,010 2,609,587 CURRENT ASSErs Debtors Cash at bank and in hand 111,045 583,588 26.324 634,063 694,633 660,387 CREDITORS: amounts falllng due within one year 130,8631 140,6171 NEf CURRENT ASSErs 663.770 619,770 TOTAL NEf ASSErs 3,224,780 3,229,357 FUNDS Unrestricted Funds: General Fund Development Fund 269,181 2,933,829 21,770 336,619 2,878,893 13,845 Restricted Funds: TOTAL FUNDS 3,224,780 3,229,357 Approved on behalf of the Parochial Church Council on 14 July 2025 and signed by.. Pete 8urt Andrew Glllam Chair Treasurer Page 14
Emmanuel Church, South Croydon sfATEMENT OF CASH FLOWS for the year ended 31 December 2024 2024 2023 Cash (used In)/provided by operatlng actlvltles Inote below) 174,270) 71,330 Cash flows from Investlng acti¥ltles Interest received Payments to acquire tangible fixed assets 23,795 17,530 {18,242) Cash provlded by/lused In) Investln8 actlvltle$ 23,795 17121 Net cash {outhow)/lnfiow 150,4751 70,618 Cash and cash equivalents at I ' January 634,063 563,445 Cash and cash equlwdlents at 31st December 583,588 634,063 Note: Cash flows from operatlng artlvltles Net (expendlture) (4,577) 190,6701 Interest receivable included in Inve5tin8 activities Depreciation Ilncreasel/decrease in debtors (Decrease) in creditors 123,795) 48,577 {84.721} (9,7541 117,5301 47,800 147,169 115,439} Cash (used in)/provided by operatlng artlvltles (74,2701 71,330 Page 15
Emmanuel Church. South Croydon NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows-. Basls of preparation Th• financial stat•ménts have b•èn pr8pared in a¢cordan¢e with the Church Accounting Régulations 2016 and in accordance with the Charities Statement of Recommended Practice (Charities SORP IFRS 102)) and Financial Reporting Standard 102 IFRS 1021. Emmanuel Church, South Croydon meets the definition of a public benefit entity under FRS 102, is a corporate body established by the Church of England, and a registered charity in England and Wales no. 1132879. The Church Office lsat Emmanuel Church Normanton Road, Solrth Croydon, CR2 7AF. The accounts have been prepared under the historical cost convention. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. The financial statements are prepared in sterlin& which is the functional currency of the Church. Monetary amounts in these financial statements are rounded to the nearest £. Golng concern At the time of approving the financial statements, the PCC members have a reasonable expectation that the church ha5 adequate resources to continue in operational existence for the foreseeable future. Thus, the PCC members continue to adopt the going concern basis of accounting in preparin8 the financial statements, Funds The financlal statements include trdnsactions, assets and liabilities for which the PCC Can be held responsible. They do not include the accounts of church groups that owe an affiliation to another body northose that are informal gatherings of church members- nor do they include the a¢countsofchurch groups under the control of the PCC but where the amounts are considered to be immaterial. Income Donotlons andleqocles.. Voluntary income and donations {including grants and legaciesl are accounted for once the church has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Where material assets are donated to the church for its use, these a ¢apitalised at the estimated market value at the date of the gift and included under income. Other ordlnory Income.. Rental income from the letting of church premises is a¢¢ounted for when earned. Parochial fee5 due to the PCC for weddin85, funerals etc. are accounted for on an event-by-event basis. Expenditure Expenditure is accrued as soon as a liability is considered probable, discounted to present value for longer term liabilities. Charitable expenditure includes all support costs in respect of the church's activities. Gronts.. Grants and donations are accounted for when paid over or when awarded if that creates a binding obligation on the PCC, Church t7rt1vftles.' These costs are accounted for when payable. Governonce c05ts.. These comprise expenditure on compliance with statutory legal requirements and are in¢luded in Church activitie5. Page 16
Emmanuel Church. South Croydon NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 Flxed assets Consecrated land and buildlnqs and movoble churchfurnlshings.. Consecrated land and beneficed property is excluded from the accounts by s.1012llal of the Charities Act 2011. No value is placed on movable church furnishings held by the ¢hurchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on ¢on5ecrated or beneficed buildings and M*able church furnishings, whether maintenance or improvement, is written off. Other lond and bulldlnqs.. Other land and buildings held on behalf of the PCC for its own purposes are included at historic cost. Freehold land is not depreciated. Where the charity adopts a policy of maintsining propertie5 to a standard that prolon8S their lives and enhances their residual value. the PCC considers any depreciation arising to be insi8nificant and the properties are not depreciated. In other cases, where the buildings do not satisfy these criteria, they are depreciated over 50 years. Assets in the course of construction are not depreciated until they are ready for use. Expenditure on maintenance is written off as incurred. Otherfixtures. flttlnqs and offlce equlpment.. Equlpment used Is depreclated on a stralght-llne basls over 5 to 10 years. Individual items of equipment with a purchase price of £5,000 or less are generally written off in the period in which the asset is acquired. Debtors Income tax recoverable and other debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid. Cash and ¢ash equlvalents Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of opening ofthe deposit. Credltors and provlslons Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transFer of funds to a third party and the amount due to Settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount, Concessionary loans are included at historic cost. Flnandal Instruments The Church only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basi¢ financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Pen51ons The charity contributes to a defined contribution scheme for Staff. The amount charged to the statement of financial a¢tNlties in respert of pension costs is the contributions payable for the year. Page 17
Emmanuel Church, South Croydon NOTESTOTHE FINANCIAL STATEMENTS Year ended 31 December 2024 INCOME FROM.. UNRESTRICTED REsTricfED Restrlcted Funds (Note 91 TOTAL FUNDS General Fund Development Fund 2024 2023 Donatlons and legades Gift aid donations 333,449 333,449 305,446 Tax Inclusive donations 21,145 21,145 23,061 Income tax recoverable 84,193 84,193 75,324 Donations 80,957 12,981 93,938 60,486 Legaties 84,388 84,388 519,744 12,981 617,113 464,317 Investments Bank interest 6,007 17.788 23,795 17,530 6,007 17,788 23,795 17,530 Charltable artlvltles Church and Centre lettings 29,811 29,811 28,534 Wedding and funeral fees Income from church events and activities 2,920 2.920 2,363 16,179 16,179 20,950 48,910 48,910 51,847 Other sources Grant received Rental income from non- investment properties 2,600 1,200 1,200 1.200 2,600 3,800 1.200 TOTAL INCOME 575,861 102,176 15,581 693,618 534,894 Page 18
Emmanuel Church. South Croydon NOTES TO THE FINANCIAL sfATEMENTS Year ended 31 December 2024 EXPENDITURE ON: UNREsfRicfED RESTRicfED Restrlcted Funds (Note 9) TOTAL FUNDS General Fund Developmen t Fund 2024 2023 Charltable Artlvltles: Mission and other Charitable Grants {Note 121 Dlocesan contrlbutlon 78,693 5,000 768 84,461 86,274 167,000 210.309 33,912 15,095 13,278 66,216 36,067 167,000 210,309 33,912 20,349 13,278 66,216 36,067 42,240 12,223 9.600 2,540 170.000 155,838 31,309 13,547 11,552 49,307 37,359 42,240 17,850 7,680 2,608 Staff costs (Note 4) Ministry expenses Activity expenses Administration expenses Church Running Costs Centre Runnin8 Costs Buildin8 depreciation Church Houses Runnin8 Costs Governance Costs: Audit Fees Other costs 5,254 42,240 12,223 9.600 TOTAL EXPENDITURE 644,933 47,240 6,022 698,195 625,564 srAFF COSTS 2024 2023 Wages and salaries Social security costs P•nsion contributions 195,303 10.622 4,384 147.139 5,686 3,013 210,309 155,838 The average number of employees employed by the Church during the year was 9 (2023.'71. There were no employees whose emoluments exceeded £60,000 {2023.' none). Page 19
Emmanuel Church, South Croydon NOTES TO THE FINANCIAL sfATEMENTS Year ended 31 December 2024 FIXED A55Efs FOR USE BY THE PCC Freehold Land and Bulldln8S Equipment Total cosr At l January 2024 Additions 2,827,051 80.809 2,907,860 Disposals At 31 December 2024 2,827,051 80,809 2,907,860 DEPRECIATION At ljanuary 2024 Charge for the year Disposals At 31 December 2024 253,381 42,240 44,892 6.337 298,273 48,577 295.621 51,229 346,850 NET BOOK VALUE At 310ecember 2024 2,531,430 29,580 2.561,010 At 31 December 2023 2,573,670 35,917 2,609,587 The freehold land and buildings comprise the Emmanuel Centre and the church houses at 12 Hurst View Road, 5 Wells C5ose and 35 Whitmead Close. DEBTORS 2024 2023 Income tax recoverable Other debtors and prepayments 42,894 68,151 18,266 8,058 111,045 26,324 CREDITORS: amounts falllng due wfthln one year 2024 2023 Funds held on behalf of affiliated groups Accruals and Other Credttors 3,158 27,705 19,239 21,378 30,863 40,617 Page 20
Emmanuel Church. South Croydon NOTES TO THE FINANCIAL sfATEMENrs Year ended 31 December 2024 ANALYSIS OF NEf ASSEfs BY FUND UNRESTRICTED RESTRICTED 2024 General Fund Developmen t Fund Restricted Funds (Note 9) Total Tangible fixed assets 29,579 2,531,431 2,561,010 Debtors 46,657 218.808 265,465 64,388 343,010 407,398 111,045 583,588 694,633 Cash at bank and in hand 21,770 21,770 Creditors Arnounts falling due within one year Net current assets 125,863) 239,602 {5,000) 402,398 130,8631 663,770 21,770 Net assets 269,181 2,933,829 21,770 3,224,780 The Development Fund comprises unrestricted funds (typically received from legacies) designated to Invest in people, projects and properties in furtherance of Emmanuel's ministry. Further analys15 of restrlcted funds is provided in Note 9, Analysis of Restricted Funds. UNRESTRicfED RESTRICTED 2023 Genernl Fund Developmen t Fund Restrlcted Funds (Note 91 Total Tan8ible fixed assets 35,917 2,573,670 2,609,587 Debtors 26.324 314.995 341,319 26,324 634.063 660,387 Cash at bank and in hand 305.223 305,223 13.845 13,845 Creditors: Amounts falling due within one year {40.617) 140,6171 619,770 Net current assets 300.702 305,223 13,845 Net assets 336,619 2,878,893 13,845 3,229,357 Page21
Emmanuel Church. South Croydon NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 ANALYSIS OF REsTricfED FUNDS Brought Forward Carrled 2024 Income Expendlture TransFers Forward Global Mission Fund 768 {768) 11,627) (1,3411 (2,2861 (6,0221 Cost of Living Fund Church with Warmth Fund 11,713 3,868 10.086 2,527 9,157 21,770 Lighthouse Fund 13,077 13,845 (1,6341 {1,6341 15,581 The Global Mission Fund comprises restricted donation5 given in support of Emmanuel's mission partners, regularly supported societies and other special appeals and projects as detailed in note 12. The Cost of Living Fund provides small grant5 to support people in financial need. The Church with Warmth Fund provides funding towardsthe operational expensesof openingthe Emmanuel Centre to provide a warm space for the Community on one day per week. The Li8hthouse Fund provides funding for activities for children and young people with additional needs. The transfer out relates to expenses incurred for these activities that had originally been charged to the General Fund. Brought Forward Carrled Forward 2023 Income Expendlture Transfers Global Mission Fund 1,623 2,899 13,077 17,599 1,2SO (2,105) (2.899} 768 Hall Redevelopment Fund Small Grants Fund 13,077 13,845 1.250 {5.004) Page 22
Emmanuel Church, South Croydon NOTES TO THE FINANCIAL sfATEMENTS Year ended 31 December 2024 10. RELATED PARTY TRANSACTIONS Apart from the items disclosed below, there were no disclosèble transactions in respect of members of the PCC. persons connected with them or other related parties. PCC members, the Revd. John Featherstone and the Revd. David Griffin. were provided with living accommodation by the PCC. One PCC member, the Revd. David Griffin, receNed remuneration of £33,269 {2023'. £9,190). The only reimbursement of personal expenses to PCC members in the year were £l,00012023.' £nill to Revd. David Griffin for relocation expense5 and £40512023: £nill to Richard Mash for organ lessons. No expenses were paid to third parties on behalf of PCC member512023: £nill. Members who served on the Pccduring the year8ave a total of £88,879 {2023: £91,298) to Church Funds. The PCC made a grant of £3.00012023: £2,5CIO) to The Salmon Youth Centre, a charity of which the spouse of PCC member, Mary Knight, was a Trustee until October 2024. The PCC made a grdnt of £1.90012023: £2,000) to International Needs, a charityof which the Spouse of a PCC member, Mark Riches, is a Trustee. The PCC made a grant of £l,00012023: £1,000) to the Daniel Spargo Mabbs Foundation, a charity which employs a PCC member, Carolyn Heath. The PCC made a grant of £5,000 (2023.. £4,51XI) tochristian Family Concern, a charity of which a PCC member, Simon Smith. is a Trustee. The PCC made a grant of £l,00012023: £1,000) to Kick London, a charlty of which a PCC member, Pete Burt, is a Trustee. The PCC made grants of £17,50012023: £19,605) to support Simon French working for Africa Inland Mission. His spouse is a PCC member. The PCC paid trainingcourse fees of £3,15012023,' £1,6001 for the spouse of a PCC member, Pete Burt, 11. COMMITMENTS The Church leases a photocopier. The lease s renewed in 2023 and has three years remaining. Lease payments fall due as follows: 2024 2023 Lease payments due within l year Lease payments due within 2 to 5 Years 792 1,584 792 2,376 2,376 3,168 Page 23
Emmanuel Church, South Croydon NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 12. DEfAIiS OF GLOBAL MISSION FUND GRANT5 2024 2023 Support of Own Mlsslon Partners Simon Fren¢h- Africa Inland Mission 17,500 6,000 7,250 7,018 4.500 42,268 19,605 5,500 5,250 7,050 3.000 40,405 Jack & Sarah Winterbum - European Christian Mission Donald & Becky Karnese- SeNing In Mission Ruth Kade Ministry- South Sudan Emily Speed - Spinnaker Trust Regularly Supported Socletles Christian Family Concern Church Pastoral Aid Society Daniel Spargo-mabbs Foundation Fusion 5,500 2,500 1,000 4,500 2,750 1,000 1,500 1,000 2,000 2,750 2,500 5,250 2,750 1,500 27.500 1,400 1,000 1,750 2,500 3,000 5,250 3,750 1,400 29.050 Kick London Lan8ham Partnership Open Doors Salmon Youth Centre su as- Tajikistan TEAR Fund Universities & Colleges Christian Fellowship Speclal Appeals and Projects Croydon Refuge Day Centre - cfBC Project Egypt Diocesan Association - Deaf Unit International Needs- pt Project Students at Ugandan Theological Colleges Croydon Community Against Trafficking A Rocha International - Atewa Forest Project in Ghana Tearfund -Turkey & Syria & Gaza Appea15 Pastor Gama Joseph Other gifts and grants 1,000 1,900 1,900 1,343 500 2,000 2,000 2,480 500 1,750 2,000 2,000 1,639 2SO 250 8,143 13,369 Development Fund Grant St Francis Church, Monks Hill- Youth Worker Total Charitable Grarts 5,000 5,000 84.461 86,274 Grants made in 2024 included £76812023: £2,105) from gifts re¢eived which wftre specified by donors for particular mission partners or projects. Page 24