| Charity information |
||
|---|---|---|
| Trustees' annual report |
2-8 | |
| Independent auditor's |
report | 9-11 |
| Statement offinancial |
activities | 12 |
| Balance sheet | 13 | |
| Statement ofcashflows |
14 | |
| Notes to financial statements | 15-27 |
| Churchwardens: | Churchwardens: | Mr lan Buchan |
|---|---|---|
| Claire Stansfield | ||
| Treasurer: | Mr Edward Coleridge | |
| Elected Members: | Mr James Bryce | |
| Michelle King |
||
| Mark Leach | ||
| Lynsey Shaw | ||
| Claire Stansfield | ||
| Claire Stone | ||
| Jill Thorpe | ||
| Sally Willis | ||
| Agnes Wilson | ||
| Minister: | The Revd Robin Weekes | |
| Associate | Minister: | Josh Skidmore |
| Curate: | Nick Wooldridge | |
| Women's | Worker | Helen Leach (since |
| (interim) | September 2021) | |
| Lay Reader: | Mr Martin Andrews |
| g the period | were: | pp | by | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Finance: | To oversee | the | management | ofthe finances ofthe church, | |||||||
| Property: | To oversee | the | maintenance | and upkeep ofthe church buildings |
and | residential | |||||
| properties. | |||||||||||
| International | Mission: | To support | the | proclamation | of the Gospel | overseas | by organisations | and | |||
| individuals | associated with |
Emmanuel Church. |
|||||||||
| UK Mission: | To support | the | proclamation | of the Gospel | in the UK |
by organisations | and | ||||
| individuals | associated with |
Emmanuel Church. |
|||||||||
| Youth: | To support | and | coordinate | the activities of children's and |
teenagers' | groups | of | ||||
| the church. | |||||||||||
| Implementation: | To consider | how | to implement | the 31.8 Review | recommendations |
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| ce Sheet at | 31 December 2021 | |||
|---|---|---|---|---|
| Restated | ||||
| 2021 | 2020 | |||
| Note | ||||
| FIXEDASSETS | ||||
| Property, plant and |
equipment | 8 | 6,889,835 | 7,012,287 |
| Investments | 9 | 186,282 | 164,301 | |
| Investment Property |
10 | 420,000 | 420,000 | |
| 7,496,117 | 7,596,588 | |||
| CURRENT ASSETS | ||||
| Debtors | 52,401 | 39,593 | ||
| Cash at bank | 514,667 | 539,976 | ||
| 567,068 | 579,569 | |||
| Creditors: amounts | falling due within one year | 12 | (15,459) | (20,141) |
| NET CURRENT ASSETS | 551,609 | 559,428 | ||
| Provision for liabilities |
15 | (4,000) | (7,000) | |
| NET ASSETS | 8,043,726 | 8,149,016 | ||
| FUNDS | ||||
| General unrestricted | fund | 13 | 507,763 | 559,136 |
| Property fund (unrestricted) |
13 | 7,307,910 | 7,425,580 | |
| Endowment fund |
13 | 228,053 | 164,300 | |
| TOTAL FUNDS | 14 | 8,043,726 | 8,149,016 |
| 2021 f |
2020 - restated f |
f | |||||
|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities | ||||||
| Net (expenditure) / income |
(105,290) | 207,858 | |||||
| Adjustments for: |
|||||||
| Investment income |
(36,105) | (23,284) | |||||
| Depreciation | 124,007 | 139,979 | |||||
| (Gain)/loss on investments |
(21,981) | 34,489 | |||||
| (Increase)/decrease in debtors |
(12,808) | (29,559) | |||||
| (Decrease)/increase in creditors (Decrease)/increase in provision |
(4,682) ~3,000 |
(420) 12,000 |
|||||
| Net cash (used in) / generated from |
operating | activities | (59,859) | 317,063 | |||
| Cash flows from investing | activities | ||||||
| Investment income received Purchase of property plant and equipment |
36,105 ~1,555 |
23,284 430 |
|||||
| Net cash generated from |
investing | activities | 34,550 | 22,854 | |||
| Net (decrease) / increase |
in cash | 25,309 | 339,917 | ||||
| Cash and cash equivalents | at the start ofthe | year | 539,976 | 200,059 | |||
| Cash and cash equivalents | at the end ofthe | year | 514,667 | 539,976 |
| There were no specific judgements, estimates and assumptions tha |
t were critical to the preparation ofthes |
e financial st |
|---|---|---|
| 2. Income |
||
| 2021 | 2020 | |
| Donations, legacies and similar income |
||
| Standing orders Service collections Irregular Gift Aid donations Tax recoverable Other tax efficient donations Other donations |
413,854 103,000 120,273 57,027 19,017 |
396,314 1,165 409,046 195,869 61,321 52,478 |
| Investment income |
713,171 | 1,116,193 |
| Dividend income Rental income Bank interest |
8,858 27,205 42 |
8,020 15,213 51 |
| 36,105 | 23,264 | |
| Miscellaneous income |
6,980 | 950 |
| TOTAL INCOME | 756,256 | 1,140,427 |
| 3. Expenditure on ch |
aritable a |
ctivities | |||
|---|---|---|---|---|---|
| Restated | |||||
| GENERAL FUND | Note | 2021f | 2020f | ||
| Work at Emmanuel | |||||
| Staff salaries, payroll taxes etc |
261,687 | 215,105 | |||
| Staff housing | 23,131 | 23,006 | |||
| Staff expenses | 3,289 | 3,778 | |||
| Ordinands and trainees |
20,863 | 35,675 | |||
| Church maintenance | 17,526 | 19,761 | |||
| Staff house maintenance | 6,946 | 22,542 | |||
| Church utilities and church overheads |
59,303 | 22,483 | |||
| Youth work and church groups | 5,766 | 4,109 | |||
| Printing | 2,431 | 2,017 | |||
| Stationery and postage |
397 | 2,139 | |||
| Evangelism expenditure |
4,189 | 5,668 | |||
| Houseparties, seminars |
and conferences | 2,365 | 61 | ||
| Diocese pledge | 17,000 | 20,225 | |||
| Other expenditure | 15,326 | 36,156 | |||
| Professional fees |
48,165 | 77,949 | |||
| Audit fees —current auditor |
6,480 | ||||
| Other fees to current auditor | 3,960 | ||||
| Audit fees —previous auditor |
2,509 | 17,430 | |||
| Depreciation | 6,337 | 9,488 | |||
| Total operating expense |
of running | Emmanuel | 507,670 | 517,592 | |
| Support ofgospel work | in UK | 75,728 | 79,997 | ||
| Support ofgospel work | overseas | 182,459 | 170,000 | ||
| TOTAL GENERAL FUND EXPENDTURE | 765,857 | 767,589 | |||
| PROPERTY FUND | |||||
| Depreciation | 117,670 | 130,491 | |||
| TOTAL PROPERTY FUND EXPENDTURE | 117,670 | 130,491 | |||
| TOTAL EXPENDTURE | 883,527 | 898,080 |
| rants from the General Unrestricted Fund were as follows: |
||
|---|---|---|
| 2021 | 2020f | |
| UK Grants: Regular Support | ||
| St Catherine's, Tranmere |
2,500 | 5,664 |
| Christchurch, Lowestoft |
5,416 | 2,500 |
| Holy Redeemer Church, Streatham |
2,500 | |
| Spinnaker Trust |
5,868 | 6,008 |
| Wellfield Trust | 6,000 | 6,000 |
| Gleadless Valley |
4,350 | |
| St Nicholas, Tooting |
1,837 | 7,500 |
| Christian Prison Resources |
2,750 | 3,000 |
| Options, Wimbledon |
5,000 | 5,000 |
| StAndrew' s, Kendray | 4,583 | 5,000 |
| StGeorge' s, Wembdon | 3,000 | 1,000 |
| South Asia Forum | 675 | 3,000 |
| Merton Street Pastors | 2,292 | 2,500 |
| UK Grants: One off payments | ||
| Friends International |
4,000 | 4,000 |
| Holy Trinity Wandsworth | 5,417 | |
| Becontree Church | 2,083 | 1,875 |
| StGeorge' s, Dagenham | 4,583 | 5,000 |
| StAndrews, Sth Wimbledon |
2,292 | 2,500 |
| St Bart's Edgbaston | 5,000 | 5,000 |
| Holy Trinity Church London |
4,266 | 2,500 |
| Christchurch, Peckham |
2,000 | 2,400 |
| Other | 6,166 | 2,700 |
| 75,728 | 79,997 |
| Expenditure from the |
General | General | Unrestricted | Fund was as follows: | ||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| International | grants | |||||
| Institutions | ||||||
| Crosslinks | 9,550 | 5,000 | ||||
| Ethiopian Orthodox Church |
5,800 | 5,800 | ||||
| iServe Africa | 2,000 | 2,000 | ||||
| LWU | 4,000 | 2,500 | ||||
| OMF | 5,000 | 5,000 | ||||
| Relite Africa | 2,000 | |||||
| South Asia concern | 6,800 | 5,000 | ||||
| Zion | 12,000 | 12,000 | ||||
| 45,150 | 39,300 | |||||
| Individuals | ||||||
| Baldwin A&D | 7,000 | 7,000 | ||||
| Ballinger J | 5,000 | |||||
| Ben Williamson | 5,500 | 11,000 | ||||
| Brown Chris 8 | Lizzy | 11,000 | 11,000 | |||
| Clarke J&R | 10,838 | 11,000 | ||||
| East R | 16,001 | 16,000 | ||||
| Kenny J | 3,000 | |||||
| Leach B & R | 27,626 | 30,700 | ||||
| Lines A&M | 19,500 | 18,000 | ||||
| Porter S | 15,936 | 14,000 | ||||
| Sandry A&S | 4,108 | |||||
| Townsend | 6,720 | 8,000 | ||||
| Yonge P&R | 3,000 | |||||
| Other | 2,080 | 4,000 | ||||
| 137,309 | 130,700 | |||||
| Total international | grants | 182,459 | 170,000 |
| Freehold | Leasehold | ||||||
|---|---|---|---|---|---|---|---|
| property | property | ppE | Total | ||||
| Cost | E | ||||||
| At 1 January 2021 | 7,692,669 | 285,000 | 50,131 | 8,027,800 | |||
| Additions | 1,555 | 1,555 | |||||
| At 31 December 2021 | 7,692,669 | 285,000 | 51,686 | 8,029,355 | |||
| Accumulated depreciation |
|||||||
| At 1 January 2021 - restated | 951,569 | 20,520 | 43,424 | 1,015,513 | |||
| Charge for the year | 115,390 | 2,280 | 6,337 | 124,007 | |||
| At 31 December 2021 | 1,066,959 | 22,800 | 49,761 | 1,139,520 | |||
| Net book value at 31 Dec 2021 | 6,625,710 | 262,200 | 1,925 | 6,889,835 | |||
| Net book value at 31Dec 2020 - restated | 6,741,100 | 264,480 | 6,707 | 7,012,287 | |||
| . Investments |
|||||||
| These comprise units in the M&G Charifund |
shown at | fair value | at year end, | ||||
| 2021 | 2020 | ||||||
| f. | |||||||
| Fair value brought forward |
164,301 | 198,790 | |||||
| Additions | |||||||
| Unrealised gain / {loss) |
21,981 | {34,489) | |||||
| Fair value carried forward | 186,282 | 164,301 | |||||
| Historical cost | 114,944 | 114,944 | |||||
| 0. Investment Property |
|||||||
| 2021 | 2020 | ||||||
| Fair value | |||||||
| At 1 January 2021 |
420,000 | 420,000 | |||||
| Revaluation loss recognised |
in statement | offinancial | activities | ||||
| At 31 December 2021 | 420,000 | 420,000 | |||||
| Historical cost | 155,000 | 155,000 |
| 11. Debtors | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Other debtors | 2,213 | |||
| Prepayments | and accrued income | 52,401 | 37,380 | |
| 52,401 | 39,593 | |||
| 12. Creditors: | amounts | falling due within one year | ||
| 2021 | 2020 | |||
| F | ||||
| Accruals and | other creditors | 15,459 | 20,141 |
| Funds | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Income | Expenditure | Gains I | Transfers | Balance at 31 | ||
| 2021 | January 2021 |
f | f | (losses) | E | December 2021 | |
| Endowment | funds | ||||||
| Hennell | 150,135 | 6,955 | 20,086 | 28,568 | 205,744 | ||
| AW Churchill | 14,165 | 1,903 | 1,895 | 4,346 | 22,309 | ||
| 164,300 | 8,858 | 21,981 | 32,914 | 228,053 | |||
| Unrestricted | |||||||
| Property | 7,425,580 | (117,670) | 7,307,910 | ||||
| General funds | 559,136 | 747,398 | (765,857) | (32,914) | 507,763 | ||
| Total funds | 8,149,016 | 756,256 | (883,527) | 21,981 | 8,043,726 | ||
| Restated | Income | Restated | Gains I | Transfers | Restated | ||
| Balance at 1 | Expenditure | (losses) | Balance at 31 | ||||
| January 2020 |
December 2020 | ||||||
| 2020 | |||||||
| Endowment | funds | ||||||
| Hennell | 181,651 | (31,516) | 150,135 | ||||
| AW Churchill | 17,138 | (2,973) | 14,165 | ||||
| 198,789 | (34,489) | 164,300 | |||||
| Unrestricted | |||||||
| Property | 7,556,071 | (130,491) | 7,425,580 | ||||
| General funds | 186,298 | 1,140,427 | (767,589) | 559,136 | |||
| Totalfunds | 7,941,158 | 1,140,427 | (898,080) | (34,489) | 8,149,016 |
| %of pensionable | stipends | January 2018to | January 2021 to |
|---|---|---|---|
| December 2020 | December 2022 | ||
| Deficit repair contributions | 11.9% | 7.1% |
| Effect on | Effect on | Effect on | ||||
|---|---|---|---|---|---|---|
| funds at | results | funds at | ||||
| 01.01.20 | YE31.12.20 | 31.12.20 | ||||
| As previously reported |
in | 2020 financial statements | 7,081,461 | 72,427 | 7,153,888 | |
| Correct freehold | property | depreciation | 816,187 | 128,211 | 944,398 | |
| Correct leasehold | property | amortisation | 43,510 | 7,220 | 50,730 | |
| Total adjustment | made | 859,697 | 135,431 | 995,128 | ||
| As adjusted | 7,941,158 | 207,858 | 8,149,016 |