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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|