##
##
##
##
|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|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||'0
O
O JN
0 O
$I
N|'0
O
O JN
0 O
$I
N|'0
O
O JN
0 O
$I
N|(I4||CD
(D|'Ci'
00
N
N|O
I(l
CD|N
Cl|||CO
O
CO
'tt
(0|(D
CD
(D
(L.|O
O
O
O
IL|O
CO
O
CO
CD
00|CD|CO
IA
CO
CI
N||CO
IA
00
CI
N||||CO
IA
Ol||tO
TCI
Ol|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||||||||4||00|||
|||C||||||I||||||||||||||||||CI
CI|||
|||E|v-|||||||||||||||||||||||(0|||
|||C|||||||||||||||||||||||||||
|||UJ|||||||||||||||||||||||||||
||||||||||||||||||||||||||||N||
||||||44||I||||||||I|||||||||||Cl|(Q
QI||
|||Ql
0
0.|||||||||||Ol|||Ol
'tP
CI||CD
CI||CD
CI
P)||||(0
IA
IA||CO
IA
IA|0||
|||||||||||||||||||||||||p|||||
||||||||||||||||||||||||||||N||
|C
0VV0
O||'0 0
P
O C
4(~0
U II
L
Q
N
LC
$ N
0 O
I
N|||(I4||v|CO
N
IO
O
(O|O
IA
Ol
O
CO
Ol
(0|CI
(O
IA
N
(CI
IA|||N
(D
IA
IA
O
CV
(O|h
Ol
Ol
Ol
CO
N
(L|0
O
O
O
P
CD
IA
N
CO
r|N
IA
00
CO|00
(D
N|CO
CO
N
I
CO
OlN
IA
Cl||O
(D
N
IA
CI|~0
00
00
IA||C&
N
v
IO
CD
CD|CO
CD
N
(0
(O
V
(0
Cl
Ol
(CI||(0
N
'CP
Cl
00|0
Ql00
CD
C
C0
U0
S
tQ$||
|O
CL
O0CC
O||'0
C
QIE~
0'0
C
UJ|||(44||'|CO
IA
CO
CO|'|CO
IA
CO
CO||||||I|CO
(D
N|CD
(I)
CO
CI
(O|'lP
(D
N||Q
CI
(0||I|CIO
ul
CO||IA
CI
CO|Ql
0
IQ
th
iD
CD
Ql
th
Ql||
|E0
UC
CO||O00
Q.|||((4||I||||||Q
(0|I||||CI
p(0|||N
IA
0
M
(0||CO
IA
Ol
Ol|CI
CO
IA
IA
p||CI
ol
CI|N
(Q
Ql
0||
|'U—hl
V~
i cv
p
OVO
mO||(4 &'0
QlC.U~
o6
thO
C|||e0
Z||N|N
N|O
CO
Ol
(0|CO
CD
Pl
P
p|||O
(0
0
IA|COOl
N
IA
IA N
C
CO
(Q
Ql
Ne|||||'ll
Ol
N||(0
YJ
CD
IA
IA||O||||C
th
e
ul
ul0
(0
ul
C
(0
CD
(0
N
Ql
0
U
.C
ul
Ql|C
Ql
Ql
(4
ul
(4
U
C(0
C
4=
N
ul
C
Ql
~
40
t
(0
0-|
|V~
C
IN ~
O
C
0 ~
c$ E o
O+
0
C
lO u||||||g0
(4
Ol
Ql
E
ul
0L 0
O
(QC
oa
C||I/I
E
N
C|th
Ql
Ql
m
(0|Eo
U
(0
0|C0
QI
L
C
O0
lC
UJ|ul
Ql)
U
l5(0
'C
(4
0|0
I
I
0 0
c c
g
N
EEE
L- 4—
0 0
oaa
0 0
0. 0.
o|||O
'0
e0.
lC
(00
I-|Ih
C
Ql
E
Ih$ C
C0
Nul
'm
ol
4l
Z|4l
E
UC
4l
C
QI
CL
l(O
4lZ|N
C
Ql
N
(0I-|'0
C
C
Ql
E
0
E
OZ|th(0
QI
J=m E
Ih
CD O
oN-
~-
N 0
N
(h
Ql
Ql
Uc oo-
(0
0
(0
L
Sl 0.0.|||th(0'0
(0
0
ol
0
Xl
N
U
(0
IQ|0
~
O
ul
(4|0
'0
Ql
L
(0U
thOUC
(0
Ql
UJ|O
(0
(0
CO
(0C
0
C
E
Ql
(0
N
Ql
I-|~
N
0
IA
N
QI
CD
tQ
CL
C
o
ul
Ql0
0
Ql
I—|
##
##
|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|