| Churchwardens: | Churchwardens: | Mr Ian Buchan | |
|---|---|---|---|
| Claire Stansfield | |||
| Treasurer: | Mr Edward Coleridge | ||
| Elected Members: | James Biyce | ||
| Michelle King |
|||
| Lynsey Shaw | |||
| Claire Stansfield | |||
| Claire Stone | |||
| Agnes Wilson | |||
| Minister: | Robin Weekes | ||
| Associate | Minister: | Nick Wooldridge | |
| Curate: | Josh Skidmore | (to July 2022) | |
| Operations | Manager: | Robert Frazer |
| g the period | were: | appo | e |
y | ||||
|---|---|---|---|---|---|---|---|---|
| Finance: | To oversee | the | management | of the 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 the church. |
and | coordinate | the activities of children's and |
teenagers' | groups of |
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| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 2 | 6 | |||||
| FIXEDASSETS | |||||||
| Property, plant and Investments |
equipment | 8 9 |
6,781,866 175,906 |
6,889,835 186,282 |
|||
| Investment Property |
10 | 420,000 | 420,000 | ||||
| 7,377,772 | 7,496,117 | ||||||
| CURRENT ASSETS | |||||||
| Debtors Cash at bank |
5,951 352,049 |
52,401 514,667 |
|||||
| 358,000 | 567,068 | ||||||
| Creditors: amounts | falling | due within | one year | 12 | (19,418) | (15,459) | |
| NET CURRENT ASSETS | 338,582 | 551,609 | |||||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 7,716,354 | 8,047,726 | |||||
| Provision for liabilities |
15 | (4,000) | |||||
| NET ASSETS | 7,716,354 | 8,043,726 | |||||
| FUNDS | |||||||
| General unrestricted |
fund | 13 | 216,004 | 507,763 | |||
| Properly fund (unrestricted, (2021:2265,000) |
including | revaluation | reserve of2265,000 | 13 | 7,190,240 | 7,307,910 | |
| Restricted fund | 13 | 84,998 | |||||
| Endowment fund (including 271,338) |
revaluation | reserve of260,962 (2021: | 13 | 225,112 | 228,053 | ||
| TOTAL FUNDS | 14 | 7,716,354 | 8,043,726 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| 2 | f | |||||||
| Cash flows from operating | activities | |||||||
| Net (expenditure) | (327,372) | (105,290) | ||||||
| Adjustments for: |
||||||||
| Investment income |
(39,758) | (36,105) | ||||||
| Depreciation | 120,108 | 124,007 | ||||||
| Loss/(gain) on investments |
10,376 | (21,981) | ||||||
| Decrease/(increase) in debtors |
46,450 | (12,808) | ||||||
| Increase/(decrease) in creditors (Decrease) in provision |
3,959 ~4,000 |
(4,682) ~3,000 |
||||||
| Net cash (used in) operating | activities | (190,237) | (59,859) | |||||
| Cash flows from investing | activities | |||||||
| Investment income received Purchase of property plant and equipment |
39,758 ~12, 39 |
36,105 ~1,555 |
||||||
| Net cash generated from investing |
activities | 27,619 | 34,550 | |||||
| Net (decrease) in cash | (162,618) | (25,309) | ||||||
| Cash and cash equivalents | at the start ofthe year | 514,667 | 539,976 | |||||
| Cash and cash equivalents | at the end ofthe year | 352,049 | 514,667 |
| 2022 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | fund | funds | ||||
| 2 | ||||||
| Donations, legames and similar income |
||||||
| Standing orders |
292,517 | 17,196 | 309,713 | 387,503 | ||
| Irregular Gift Aid donations |
5,320 | 9,000 | 14,320 | 103,000 | ||
| Tax recoverable Other tax efficient donations Service collections via GoCardless Other donations |
terminal | 72,580 53,512 14,590 6,500 |
3,450 | 76,030 53,512 14,590 6,500 |
120,273 57,027 26,351 19,017 |
|
| Investment income |
445,019 | 29,646 | 474,665 | 713,171 | ||
| Dividend income Rental income Bank interest |
29,750 73 |
9,935 | 9,935 29,750 73 |
8,858 27,205 42 |
||
| 29,823 | 9,935 | 39,758 | 36,105 | |||
| Miscellaneous income |
9,838 | 9,838 | 6,980 | |||
| TOTAL INCOME | 484,680 | 29,646 | 9,935 | 524,261 | 756,256 |
| Note | 2022 | 2021 | |||
|---|---|---|---|---|---|
| GENERAL FUND | 2 | ||||
| Work at Emmanuel | |||||
| Staff salaries, payroll taxes etc |
259,270 | 261,687 | |||
| Staff housing | 25,940 | 23,131 | |||
| Staff expenses | 1,757 | 3,289 | |||
| Ordinands and trainees |
12,055 | 20,863 | |||
| Church maintenance |
9,620 | 17,526 | |||
| Staff house maintenance | 6,706 | 6,946 | |||
| Church utilities and church overheads |
69,627 | 59,303 | |||
| Youth work and church groups | 17,405 | 5,766 | |||
| Printing | 5,346 | 2,431 | |||
| Stationety and postage |
813 | 397 | |||
| Evangelism expenditure |
8,879 | 4,189 | |||
| Houseparties, seminars |
and conferences | 4,302 | 2,365 | ||
| Diocese pledge | 17,000 | 17,000 | |||
| Other expenditure | 15,676 | 15,326 | |||
| Professional fees |
5,114 | 48,165 | |||
| Audit fees —current auditor | 7,140 | 6,480 | |||
| Other fees to current auditor | 4,380 | 3,960 | |||
| Audit tees —previous auditor |
2,509 | ||||
| Depreciation | 2,438 | 6,337 | |||
| Total operating expense |
of running | Emmanuel | 473,468 | 507,670 | |
| Support of gospel work | in UK | 74,001 | 75,728 | ||
| Support of gospel work | overseas | 176,118 | 182,459 | ||
| TOTAL GENERAL FUND EXPENDTURE | 723,587 | 765,857 | |||
| PROPERTY FUND | |||||
| Depreciation | 117,670 | 117,670 | |||
| TOTAL PROPERTY FUND EXPENDTURE | 117,670 | 117,670 | |||
| TOTAL EXPENDTURE | 841,257 | 883,527 |
| rants from the General Unrestncted Fund were as follows: |
||
|---|---|---|
| 2022 | 2021 | |
| 2 | 9 | |
| UK Grants: Regular Support | ||
| St Catherine's, Tranmere |
7,500 | 2,500 |
| Christchurch, Lowestoft |
6,417 | 5,416 |
| Spinnaker Trust | 4,000 | 5,868 |
| Wellfield Trust | 6,000 | 6,000 |
| St Nicholas, Tooting | 2,000 | 1,837 |
| Christian Prison Resources |
3,000 | 2,750 |
| Options, Wimbledon |
5,000 | 5,000 |
| StAndrew' s, Kendray | 5,333 | 4,583 |
| StGeorge' s, Wembdon | 4,000 | 3,000 |
| South Asia Forum | 2,792 | 675 |
| Merton Street Pastors | 2,792 | 2,292 |
| UK Grants: One off payments | ||
| Friends International |
4,000 | 4,000 |
| Holy Trinity Wandsworth | 5,417 | |
| Becontree Church | 2,500 | 2,083 |
| StGeorge' s, Dagenham | 5,000 | 4,583 |
| St Andrews, Sth Wimbledon |
2,500 | 2,292 |
| St Andrews, Ashton |
5,000 | |
| St Bart's Edgbaston | 2,500 | 5,000 |
| Holy Trinity Church London |
2,667 | 4,266 |
| Christchurch, Peckham |
2,000 | |
| Other | 1,000 | 6,166 |
| 74,001 | 75,728 |
| Expenditure from the |
General | General | Unrestricted | Fund was as follows: | ||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| International | grants | 2 | f | |||
| Institutions | ||||||
| Crosslinks | 5,000 | 9,550 | ||||
| Ethiopian Orthodox |
Church | 5,800 | 5,800 | |||
| iServe Africa | 2,000 | 2,000 | ||||
| LWU | 3,000 | 4,000 | ||||
| OMF | 5,000 | 5,000 | ||||
| South Asia concern | 6,869 | 6,800 | ||||
| Zion | 16,000 | 12,000 | ||||
| 43,669 | 45,150 | |||||
| Individuals | ||||||
| Baldwin A8 D |
7,000 | 7,000 | ||||
| Ballinger J | 12,000 | 5,000 | ||||
| Ben Williamson | 2,000 | 5,500 | ||||
| Brown Chris & Lizzy | 13,000 | 11,000 | ||||
| Clarke J&R | 13,000 | 10,838 | ||||
| East R | 12,000 | 16,001 | ||||
| Kenny J | 3,000 | 3,000 | ||||
| Leach B & R | 28,000 | 27,626 | ||||
| Lines A8 M | 23,180 | 19,500 | ||||
| Porter S | 14,000 | 15,936 | ||||
| Sandry A&S | 4,108 | |||||
| Townsend | 2,400 | 6,720 | ||||
| Yonge P&R | 750 | 3,000 | ||||
| Other | 2,119 | 2,080 | ||||
| 132,449 | 137,309 | |||||
| Total international | grants | 176,118 | 182,459 |
| Freehold | Leasehold | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| property | property | PPE | Total | ||||||
| Cost | 6 | 2 | 2 | 6 | |||||
| At 1 January 2022 | 7,692,669 | 285,000 | 51,686 | 8,029,355 | |||||
| Additions | 12,139 | 12,139 | |||||||
| At 31 December 2022 | 7,692,669 | 285,000 | 63,825 | 8,041,494 | |||||
| Accumulated depreciation |
|||||||||
| At 1 January 2022 | 1,066,959 | 22,800 | 49,761 | 1,139,520 | |||||
| Charge for the year | 115,390 | 2,280 | 2,438 | 120,108 | |||||
| At 31 December 2022 | 1,182,349 | 25,080 | 52,199 | 1,259,628 | |||||
| Net book value at 31 | Dec 2022 | 6,510,320 | 259,920 | 11,626 | 6,781,866 | ||||
| Net book value at 31 | Dec 2021 | 6,625,710 | 262,200 | 1,925 | 6,889,835 | ||||
| . Investments |
|||||||||
| These comprise units in |
the M&G Charifund | shown | at fair value at year end. | ||||||
| 2022 | 2021 | ||||||||
| 2 | 2 | ||||||||
| Fair value brought torward |
186,282 | 164,301 | |||||||
| Additions | |||||||||
| t)nrealised (loss) / gain |
(10,376) | 21,981 | |||||||
| Fair value carried forward | 175,906 | 186,282 | |||||||
| Historical cost | 114,944 | 114,944 | |||||||
| 0. Investment Property |
|||||||||
| 2022 | 2021 | ||||||||
| Fair value | |||||||||
| At 1 January 2022 | 420,000 | 420,000 | |||||||
| Revaluation gain/(loss) |
recognised | in statement | of | financial | activities | ||||
| At 31 December 2022 | 420,000 | 420,000 | |||||||
| Historical cost | 155,000 | 155,000 |
| 11. Debtors | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Prepayments | and accrued income | 5,951 | 52,401 | |
| 12. Creditors: | amounts | falling due within one year | ||
| 2022 | 2021 | |||
| 2 | ||||
| Accruais and | other creditors | 19,418 | 15,459 |
| %of pensionable | stipends | January 2018to | January 2021to |
|---|---|---|---|
| December 2020 | December 2022 | ||
| Deficit repair contributions | 11 9o/ | 7 to/ |