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| Emmanue( Br(sto( Company Limited by Guarantee BALANCESHEET As at 31 March 2023 |
Company | number: | 07421296 |
|---|---|---|---|
| 2023 | 2022 | ||
| Note | 8 | ||
| FIXED ASSETS | |||
| Tangible assets | 11 | 2,684,665 | 2,577,147 |
| CURRENT ASSETS | |||
| Debtors | 12 | 480,600 | 446,070 |
| Cash af bank | 596,791 | 586,947 | |
| 1,077,391 | 1,033.017 | ||
| CREDITORS | |||
| Amounts falling due within one year |
13 | (85,225) | (114,435) |
| NET CURRENT ASSETS | 992,166 | 918,582 | |
| TOTAL ASSETS LESSCURRENT LIABIU11ES | 3,676,831 | 3.495,729 | |
| CREDITORS | |||
| Amounts falling due after more than one year |
14 | [304,470) | (327.090) |
| PROVISIONS FOR LIABILITIES | |||
| Pension scheme | 22 | (2,000) | |
| NET ASSETS | 3,372.361 | 3,166,639 | |
| FUNDS | |||
| Unrestricted income funds |
17 | 2.935,061 | 2,683,915 |
| Reshicted income funds | 17 | 437,300 | 482,724 |
| TOTAL FUNDS | 3,372,361 | 3,166,639 |
| Emmanuel Bristol Company Limited by Guarantee STATEMENT OFCASH FLOWS Forthe year ended 31 March 2023 |
||||
|---|---|---|---|---|
| 2023 | ||||
| Note | S | |||
| CASH GENERATED FROM OPERATING ACTIVITIES | 20 | 189,474 | 446,721 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchase oftangible fixed assets |
(122.346) | (623,603) | ||
| Proceeds on disposal oftangible fixed assets |
230 | |||
| Interest income | 3,611 | 104 | ||
| CASH USED IN INVESTING ACTIVITIES | (118.505) | (623,499) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES |
||||
| Repayment ofborrowings |
[48,308) | (29,629) | ||
| Interest paid | (12,817) | (9,086) | ||
| CASH USED IN RNANCING ACTIVlllES |
(61,125) | (38,7'I 5) | ||
| INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS |
IN THE YEAR | 9,844 | (215,493) | |
| CASH AND CASH EQUIVALENTS AT START OF YEAR | 586,947 | 802440 | ||
| CASH AND CASH EQUIVALENTS AT END OF YEAR | 596.791 | 586,947 |
| 2 | INCOME FROM DONATIONS AND GRAMS |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| Funds | Funds | Funds | ||
| 8 | 5 | S | ||
| Year ended 31 March 2023: | ||||
| General donations | 900,213 | 146 | 900,359 | |
| Building fund donations | 74,393 | 74,393 | ||
| 900,213 | 74,539 | 974,752 | ||
| Year ended 31 March 2022: | ||||
| General donations | 710,798 | 710,798 | ||
| Building fund donations |
569,731 | 569,731 | ||
| 710.798 | 569,731 | 1,280,529 | ||
| 3 | INCOME FROM CHARITABLE ACTIVITIES | |||
| Unrestricted | Restncted | Total | ||
| Funds | Funds | Funds | ||
| 8 | 5 | 8 | ||
| Year ended 31 March 2023: | ||||
| Weekends away, training days ond courses | 38.342 | 38,342 | ||
| Community-based activities |
32,648 | 32,648 | ||
| Resources and refreshments | 1,601 | 1,601 | ||
| Other income | 559 | 559 | ||
| 73,150 | 73,150 | |||
| Year ended 31 March 2022: | ||||
| Weekends away, training days and courses | 10,104 | 10,104 | ||
| Community-based activities |
11,334 | 11,334 | ||
| Resources and refreshments | 1.199 | 1,199 | ||
| Other income | 276 | 276 | ||
| 22,913 | 22,913 | |||
| 4 | INCOME FROM INVESTMENTS | |||
| Unrestricted | Restriicted | Total | ||
| Funds | Funds | Funds | ||
| B | 8 | |||
| Year ended 31 March 2023: | ||||
| Bank interest receivable | 3.61I | 3,61 I | ||
| 3,611 | 3,6i I | |||
| Year ended 31 IViarch 2022: | ||||
| Bank interest receivable | 104 | 104 | ||
| 104 |
| Direct | Direct | Support | Grants | Total | |
|---|---|---|---|---|---|
| costs | costs | payable | |||
| (note | 6) | (note 7) | (note 9) | ||
| 5 | 6 | 5 | |||
| Year ended 31 March 2023: |
|||||
| Ministry 552.760 |
184,773 | 737,533 | |||
| Grants payable | 109,258 | 109,258 | |||
| 552,760 | 184.773 | 109.258 | 846,791 | ||
| Direct | Support | Grants | Total | ||
| costs | costs | payable | |||
| (note | 6) | (note 7) | (note 9) | ||
| 5 | E | ||||
| Year ended 31 March 2022: | |||||
| Ministry 417,526 |
140,201 | 557,727 | |||
| Granh payable | 124,293 | 124,293 | |||
| 417,526 | 140.201 | 124,293 | 682,020 | ||
| 6 | MINISTRY DIRECT COSTS | ||||
| Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | |||
| 5 | 5 | ||||
| Year ended 31 March 2023: | |||||
| Staff costs (see note 8) | 341,384 | 341,384 | |||
| Sunday services expenses | 27,059 | 27,059 | |||
| Weekends away, training doys and courses | 33.701 | 33,701 | |||
| Community-based activities |
10,291 | 10,291 | |||
| Premises costs | 102,487 | 102487 | |||
| Iviortgage interest payable |
12,817 | 12,817 | |||
| Unwind interest-free loan discount (see note 14) |
3,328 | 3,328 | |||
| Other ministry expenses | 21,586 | 107 | 21,693 | ||
| 549,325 | 3435 | 552,760 | |||
| Year ended 31 March 2022: | |||||
| Staff costs (see note 8) | 291,731 | 291,731 | |||
| Sunday services expenses | 28,061 | 28,061 | |||
| Weekends away, training days and courses | 9,341 | 9,341 | |||
| Community-based activities |
9,936 | 9.936 | |||
| Premises costs | 36,689 | 9A64 | 46.153 | ||
| Mortgage interest payable Unwind interest-free loan discount (see note 14) |
9,086 | 3.786 | 9,086 3,786 |
||
| Other ministry expenses | 19.352 | 80 | 19,432 | ||
| 404.196 | 13,330 | 417,526 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| Funds | Funds | Funds | |||
| Year ended 31 March 2023: | |||||
| Staff costs [seenote 8) | 136,734 | 136,734 | |||
| Office supplies and | equipment | 10,798 | 10.798 | ||
| Depreciation Legal, professional, |
insurance, | bank charges | 14.828 11,853 |
14.828 11,853 |
|
| Governance costs |
(audit fees) | 10.560 | 10,560 | ||
| 184,773 | 184,773 | ||||
| Unrestricted | Restricted | Total | |||
| Funds | Fvnds | Funds | |||
| 8 | S | 8 | |||
| Year encled 31 March 2022: | |||||
| Staff costs (see note 8) | 100,188 | 100,188 | |||
| Oflice supplies and | equipment | 7.900 | 7,900 | ||
| Depreciation | 3,868 | 3,868 | |||
| Legal, professional, | insurance, | bank charges | 18,645 | 18,645 | |
| Governance costs |
(audit fees) | 9,600 | 9.600 | ||
| 140,201 |
| O THE RNANCIAL STATEMENTS (con ear ended 31 March 2023 |
O THE RNANCIAL STATEMENTS (con ear ended 31 March 2023 |
tinued) | |||
|---|---|---|---|---|---|
| STAFF COSTS AND REMUNERATION | OF KEY MANAGEMENT | PERSONNEL | |||
| Notes | 2023 | ||||
| Wages and salaries | 428,970 | 352.702 | |||
| Social security costs | 37,190 | 29,251 | |||
| Pension costs | 43,431 | 39,308 | |||
| Defined benefit pension adjustment | 22 | (1,000) | (2,000) | ||
| Amounts recharged | (see below) | (30.523) | (27.342) | ||
| 478,118 | 391,9'I 9 |
| The charfiy had eleven (2022: nine) full-time an analysed as follows; |
d eight (2022: seven) part-time |
employees |
|---|---|---|
| 2023 | 2022 | |
| Number | Number | |
| Senior and associate pastors | 12 | |
| Ministry assistants | 3 | |
| Administrators | 4 | |
| 19 | 16 |
| aggregate employment costs ofthe other key out below: |
management personnel including sp |
ouses is set |
|---|---|---|
| 2023 | 2022 | |
| 8 | ||
| Wages ond salaries | 154,423 | 113,571 |
| Social security costs | 16.116 | 11.706 |
| Pension costs | 19,526 | 18,655 |
| 190,065 | 143,932 |
| GRANTS | ||||
|---|---|---|---|---|
| 2022 | ||||
| United Kingdom: | ||||
| -Organisations | (see analysis | below) | 80,243 | 75.769 |
| —Individuals | 6.174 | 4,719 | ||
| Overseas: | ||||
| -Organisations | [see analysis | below) | 21,450 | 43,700 |
| -Individuals | 1,391 | 105 | ||
| 109,258 | 124,293 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| 8 | ||||
| 86stol Diocese ofthe Church of | England | 59,843 | 59,250 | |
| Sixty-One | 5,900 | 5,550 | ||
| Crosslands | 3.900 | 3,500 | ||
| Faith in Kids | 3,150 | 3.000 | ||
| South West Gospel Partnership | 2,500 | 2,500 | ||
| University and Colleges Christian |
Fellowship | 1,500 | ||
| Church of England Evangelical | Council | 1,000 | 1,000 | |
| Other (individually | immateria!) | 2,450 | 969 | |
| 80,243 | 75,769 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| 8 | ||||||
| Crosslinks | 7,350 | 12,700 | ||||
| Good Shepherd TeachBeyond |
Anglican | Church, | New York, USA | 6,300 | 11,500 7,500 |
|
| UFM Worldwide | 5,250 | 7,500 | ||||
| Fingerprints in Uganda |
2,l00 | |||||
| Other (Individually | immaterial) | 450 | ||||
| 21,450 | ||||||
| 10 | NET INCOME FOR THE YEAR | |||||
| 2023 | 2022 | |||||
| 8 | ||||||
| Net income for the year is stated Depreciation |
after charging: | 14,828 | 3,868 | |||
| Goin on disposal | oftangible fixed | assets | 230 | |||
| Operating lease |
costs: land and buildings | 18.000 | 20,705 |
| Fixtures, | Assets in the | |||
|---|---|---|---|---|
| Freehold | fittings and | course of | ||
| property | equipment | construction | Total | |
| E | 6 | E | E | |
| Cost | ||||
| At 1 April 2022 | 2,545,000 | 51,904 | 2.596,904 | |
| Additions | 102,567 | 19,779 | 122,346 | |
| Disposals | (6,057) | (6,057) | ||
| At 31 March 2023 | 2,545,000 | 148,414 | 19,779 | 2,713,'I 93 |
| Depreciation | ||||
| At I April 2022 | 19,757 | 19,757 | ||
| Charge forthe year | 14,828 | 14,828 | ||
| Eliminated in respect of disposals |
(6.057) | (6,057) | ||
| At 31 Ivlarch 2023 | 28,528 | 28,528 | ||
| Net book value | ||||
| At 31 March 2023 | 2.545,000 | 119,886 | 19,779 | 2,684,665 |
| At 31 March 2022 | 2,545,000 | 32.147 | 2,577.147 |
| 2023 | |||
|---|---|---|---|
| Income tax recoverable | 472,412 | 430.514 | |
| Other debtors | 4,159 | ||
| Prepayments | and accrved income | 8,188 | 11,397 |
| 480.600 | 446,070 |
| 13 | CREDITORS: Amounts | falling dve within one year | ||
|---|---|---|---|---|
| 2023 | ||||
| R | ||||
| Bank loan | 10,585 | 13,319 | ||
| Other loans | 37,812 | 57,438 | ||
| Taxation and social | security | 10,211 | 8.893 | |
| Other creditors | 9,257 | 13,609 | ||
| Acciued costs | 16,210 | 12,957 | ||
| Defened income | 1,150 | 8,219 | ||
| 85,225 | 114,435 | |||
| 14 | CREDITORS: Amounts | falling due after more than one year | ||
| 2023 | ||||
| Bank loan | 230,459 | 239,266 | ||
| Otherloans | 74,011 | 87,824 | ||
| 304.470 | 327,090 |
| Balance at | Balance at | ||||
|---|---|---|---|---|---|
| 1 April | Income | Expenditure | 3'I March | ||
| 2022 | and gains | and losses | Transfers | 2023 | |
| 5 | 8 | 8 | R | ||
| General | 2.473,957 | 977.974 | [750,979) | 8,72i | 2.709.673 |
| Designated | 209,958 | (92.070) | 107,500 | 225,388 | |
| 2,683,915 | 977,974 | (843,049) | 116,22i | 2,935,061 | |
| Balance at | Balance at | ||||
| 1 April | Income | Expenditure | 3i March | ||
| 2021 | and gains | and losses | Transfers | 2022 | |
| 8 | S | ||||
| General | 1,875,645 | 733,815 | (578,003) | 442,500 | 2,473,957 |
| Designated | 143,145 | (90,687) | 157.500 | 209,958 | |
| 2,018,790 | 733,815 | (668,690) | 600,000 | 2,683,9'I 5 |
| Balance at | Balance at | |||||
|---|---|---|---|---|---|---|
| 1 April | 31 March | |||||
| 2022 | Income | Expenditure | Transfers | 2023 | ||
| f, | 5 | 8 | ||||
| Property | 481,888 | 74,393 | (3,328) | (116,221) | 436,732 | |
| Special | Welfare | 836 | 146 | (414) | — | 568 |
| 482,724 | 74,539 | [3,742) | (116,221) | 437,300 | ||
| Balance ot | Balance at | |||||
| 1 April | 31 March | |||||
| 2021 | Income | Expenditure | Transfers | 2022 | ||
| 5 | 5 | 5 | ||||
| Properly | 525,407 | 569,731 | (13,250) | (600,000) | 481,888 | |
| Special | Welfare | 916 | (80) | 836 | ||
| 526.323 | 569,731 | (13,330) | (600,000) | 482,724 |
| ANALYSIS O | F NET ASSETS BETWEEN | FUNDS | |||
|---|---|---|---|---|---|
| Tangible | Other | Fixed asset | |||
| fixed assets | net assets | loans | Total | ||
| 8 | 8 | ||||
| At 31 March 2023 | |||||
| Restricted Income Funds: | |||||
| Property | 436,732 | 436,732 | |||
| Special Welfare | 568 | 568 | |||
| 437.300 | |||||
| Unrestricted | Income Funds. | ||||
| General | 2,684,665 | 377,875 | (352,867) | 2.709,673 | |
| Designated | 225,388 | 225,388 | |||
| 2,684,665 | 603,263 | (352,867) | 2,935,061 | ||
| TotalFunds | 2,684,665 | 1,040,563 | (352,867) | 3,372,361 | |
| Tangible | Other | Fixed asset | |||
| fixed assets | net assets | loans | Total | ||
| E | 8 | 8 | |||
| At 31 March 2022 | |||||
| Restricted Income Funds: | |||||
| Properly | 481,888 | 481.888 | |||
| Special Welfare | 836 | 836 | |||
| 412,724 | 482.724 | ||||
| Unrestricted | Income Funds: | ||||
| General | 2.577,147 | 294,657 | (397,847) | 2,473,957 | |
| Designated | 209,958 | 209,958 | |||
| 2.577,147 | 504,615 | (397.847) | 2.683,915 | ||
| Total Funds | 2,577,147 | 987,339 | (397,847) | 3,166,639 |
| CASH GENERATED F | ROM OPERAT | ING | ACTIVITIES | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 8 | |||||
| Net movement in funds forthe year |
205,722 | 621,526 | |||
| Interest on mortgage | 12.817 | 9,086 | |||
| Unwind interest-free |
loan discount | 3,328 | 3,786 | ||
| Bank interest receivable | (3,611) | (104) | |||
| Depreciation | 14,828 | 3,868 | |||
| Gain on disposal oftangible fixed assets | (230) | ||||
| Increase in debtors |
(34,530) | (210.151) | |||
| (Decrease) /increase | in creditors | (6,850) | 20,710 | ||
| Decrease in defined | benefit pension | liability | (2,000) | (2,000) | |
| Cash generoted from operating |
activities | 189,474 | 446,721 |
| December | December | December | ||
|---|---|---|---|---|
| 2022 | 2021 | 2020 | ||
| Discount rate Price inflation |
n/a n/a |
0.0%pa n/a |
0.2%pa 3.1%pa |
|
| Increase to total pensionable | payroll | n/a | -1.5%pa | 1,6%pa |
| The trustees have designa planned expenditure. |
ted the following funds within |
unrestricted income funds |
to cover |
|---|---|---|---|
| 2023 | |||
| E | |||
| Renewal of35Waisingham | Road | 29.680 | 64,724 |
| Renewal ofthe Church of | the Good Shepherd | 16,640 | 7,540 |
| Renewal ofthe Ernrnanuel | Meeting House | 68,904 | 56,759 |
| Practical care | 12,500 | 12,000 | |
| Ministry training |
213 | ||
| Ivlission partner support | 97,664 | 68,722 | |
| 225,388 | 209.958 |