EMMANUEL CHURCH WIMBLEDON (A COMPANY LIMITED BY GUARANTEE ANNUAL REPORT For the year ended 31 December 2023 Company numb•r- 07904564 Charity number- 1146577 EMMANUEL CHURCH WIMBLEDON For the year ended 31 December 2023 Contents Charrty Info￿natIon Trusleèg. annual report Independent audrtor's report &10 Slalemenl of financial activrties 11 Balance sheet 12 Slalemenl of cashflows 13 Notes lo financial slalen*nls 14-26 EMMANUEL CHURCH WIMBLEDON For the year ended 31 December 2023 Charity infomiation Company r•glstrntlon numb•r: 07904564 Charlty r•glstratlon numb•r: 1146577 Dlr•ctor* l Trustse•'. C Stsnsfielj SK Blows IP Buchan EJ Cotendgg JM Grain9or T MCGI R•gl•t•r•d offi¢•'. Emmanuel Churth 24 Ridffty London SW19 40L 8ank•rn: Bank of ScollarKI 41 Soulh GY￿ Cre5e4nt Edinburgh EH12 9DR Ind•p•nd•nt •ud5tor'. Jacob Cav•nagh & Sk8et S Robin Hood Lane Sutton Surrey SM12SW EMMANUEL CHURCH WIMBLEDON For the year ended 31 December 2023 Trustees, annual report Introduetlon The Trustees of Emrnanuèl Church Wmbl&Yon ho¥8 P￿asu￿ in presenb"rwJ thw'r report alorvJ with th• financial statements ol Emmanuel Church. Wmbledon for the year ended 31 Decernber 2023. The annual ￿port serves the purposes of both a Trustees. Report and a Direaors. Report under company law. These have been pr8pared In accordance the Companies Act 2006. the Charibe5 Stat8m•nt of Recornmended PradKg (chant￿ SORP IFRS 10211. Finanoal RepO￿￿j Standard 102 IFRS 1021 and the Charitses Act 2011. RE ANC AND MANA OryJnl¥ational Strneturn, gov•rn•n¢• andm8n•g•m•nt Emmanuel Churth Wimbladon Is Incorporated In EngLand and Wdles and registered with Cornp8ni•s Hous• company number 079IN564, and with the Charrty CommiSs￿n chanty nurnber 1146577. The Trusta•s are rnernbers of the wmpany limited by guarantse and tho rnW)térs are also known as the patrons. The Trustggs aro all qualifiod prtsfsssionals an¢Yor experignced businèss pe¢)ple. As such they bring th•ir own In4epth kno￿edge lo the Trustee body In addition. the Tru51éts arè regulady updated through arculars on trustee matters and 5¢9k èxpart professional guidance if needed. Th8 cnterion for Emmanwl patrtsns Is that they rnust bg BIb￿-bO1￿￿n9 ChfÉban8. and affimi In wrrting thèir agre6ment with the Thirty-Nin6 Artid88 of the Church ol England. Trustees a￿ appointod its ￿ Tnjsiees ty ordinary resolutson of the patrons. The r$$igna*on ol the Senior Minist¢r rawifed twsteeg to consthrthè woc•8S to appThnl ¥ new senior mini$t8r. Th8 •xèras• ol the power lo appoint a new Incumbent was dèle9ated 10 an appointrnent comrnitteè consisting of the Patrona98 Secretary ol thè Church Pastoral Socioty, ￿chd&acOn of Larnbe¢h and thè Bishop ol Ebbstsel together with th& Church Wardens. This procèss resultsd In the appointrnent ol the Reve￿n￿ Luke Iiaz crynmènung In January 2024. The Senior Mini$t•r K•ads the stsff tewn in 011 ofth• day-l[￿￿Y ministy ol lh• Church. In 2023 ECW had •n interr￿n1￿ of 10 months when the $taff tagm wag knj t¢y ¢he Assoc￿18 Minister Nir* Wl)oldri(lJe. Governane• at Emmanuel Y6 d¢lNef•d by th8 tnmtees twlhert•nth ¢L￿d CLvnmrttee3 wthh specific •ro4$ of r8$ponsibility. Tru5tee$". ¢¢m￿lane0 with Ernmanuel'$1o9al rnsponsknlibes a5 8 regi$t•ffjd charity. Induding oversight of finan¢e$. HR 8nd s4f8guartJing. The trustw dunng Ihe year were Sirnon Blows lan Bu¢han Iwardonl Ed Coleridge ITreasurorl Jo Graing•r Tina McGh8è Claire Stansfidd IWard•nl The trustees arè supported by. tha Finance Cornmitt¢S which overseas ts m•n•Jam8nt ofthe finance5 of the church and th• reclaim ol gift aid LIK Mission Crxnmrtlee which supporls the proctsmatson of the gospel In the UK and the International Mission Commrttee %thich sw)ports the prodamabon of tha goyl overseas by organisations and Indiwduals associate(J with Emmanu61 Church th• Youth comrnrttee support5 and coordinates the a(aJwDes of children's anLI te8nager¥' grtyups ol the church. Ministry Team priontisaton ￿ allocth.on ol resources to projress sp•ofic afeas of mtnistry and mission. The Ministry t•am during the yearwera.. Robart Frazer Ioperatyons manager) Andrea Mukhiar Ivvunen's worker) Joanna Svarovsky IElectedl ste￿ Wilson (Elected) NirJ( Wooldridge lASs￿late Mmisterl Feliaa Wong IEl8Ctedl EMMANUEL CHURCH WIMBLEDON For the year ended 31 December 2023 Trustees, annual report (continued) 3. Church Counul. elected ath30ry board pmmding feedbac* the churth tsrnily to the minister and stsff tearn. DLsring thg year these wefe". Martin Andrew5 Juliet Blows Trèvor Dearham Michelle KirrfJ David Poole Claire Stone Rebetta Ston8 Liz Watts Agnes W)Ison 4. Elder¥. advi$ory group compnsing dergy elecbJ ¢klors r¢Spons￿e for spinbJal over9￿￿t, 5UPPOrt ol the in¢urnbent and prayer. Ouring lh¢ yéar Ihese wore". Christophar B•rk8t8y Donakl Clar Robin Thomson Nick Wooklndge Rlsk Ilan•g•m•nt The Trusiaès continue lo monitor the n$ks to whieh Emmanuel is exposed arKI mityalt thtsa nsks with appropriate polioes and practices. In parb¢ulai tha Trugtees have Idenlified tha following areas ￿preSents"r9 Ihe rnai¢r risk$ thè ehurch faces. Safèguarding risks actrons are taken to •nsur• that the church fdlows thè pol**8 and pracbG8S laid down by the Diocese of Soulhwark. to Includè appropriate trainin9. and DBS ch8c*s for all volunteers and 51aff wothing with chiklfen and vulnerable adult5. The Trustee¥ and th• saf8guar¢Jing officer Contin￿ to m￿ltOr and address sbfe9uar¢in9 IS5￿5 thai arise. Financial risks.. appropriate pro¢¢dures arè In place lo ensure ¢orr¢¢t haThJling ol all Inccme. and the nece$$¥ry authorisation and approval for #ll èxpenditure. In particular. bu(*ts ar• produced to ensure that adequAta r•s&rves are held In adolition to the annual income from memt•r8 of Emmanuel to meet all runnin9 eosls. arrfl also to meet the grant c£mmibnènts over a maxirnum ol thre8 yaars. Property ri$k$. th¢ proport￿$ owned by the Church ara maintained lo o $atwfa¢tory and sal• l•v•l. The main church buihding 1$ o1$0 maintained lo ensurg thè safety ol all peO￿e who atsnd èither regular Sunday semces. or smaller gatharings during the week, or m¢r¥ substaniial events al key le$iivals whore care ts taken to onsuts appmpnat• stewarding and evacuatson proc8ss85 arè In pl8e8. Thi3 year th8 parsonage has been re￿￿1￿￿ to welcome thg Incumbent. AN ACTIVITI Emm•nu•l's Ml¥slon •nd Prloritl•s- b•in fJ•s Wlm on At Emmanuel we bgllèva our M*ssicn is to 9lwfy God by". listening and responding to God's INord ctsdh*￿y". loving one another practycolty, and proclaiming Christ boldly. We believe that this Mission ￿11 be achieved by footsing on thè lollwryJ priority arga$. indmdualty and as a body. Biblo T•iehlng - The gtudy and frxpositi.on ol the IA4)rd of God is the cataly5¢ for the gngoin9 transfonnation of individuals. lives and of the church tr*)dy as a who￿. ￿ are to apply Ihe Word of God to every a5PaCt of our lives, both pnvate and public. indiwdual and o)mmunty, so that Iwe and demonslrate the truth ol the Gospel. 2. Prnyer and Praim - Nothillg c8N ha￿n in our strenyth And must te a pr815ing arKI praying church both in our lives and in our meetiThJs. hurnbty dependent on the so¥ereign working of our gwous God. EMMANUEL CHURCH WIMBLEDON For the year ended 31 December 2023 Trustees, annual report (continued) Care and Support-￿* should love. carè. and suppMeach otherwthin and acrossevery part of the churth fellowship. We belydve small groups prowde a helpful enwronmènt for support aThJ care and also for growth and lifè changing development througtt the st￿Y ol God's word, prayer and dose ffi8ndships. Equlpplng and Trnlning for Lile and Servl¢•- G(¥J has gNen each ￿ ol u5 gifts that wé need to identify. develop and exercisa In His serwce. We a￿ thgrefore ccmmrtted to hdping to Idenbfy those 91ft5. tri ongThng training for life and service at home, In the community, in our daity work. as well as for ministnes in and through the church, in Emmanuel. this county and throughoLrt th& worbj. 6. Rwchlng out- ￿ are eomman¢Jed to love Our-￿19hboUrf as ourstl¥es. afe responsible both to dernonstra18 God's love and 10 5haT• th• Good News of Jesus those who ar• lost. are the￿f0￿ committed ¢0 lowng service •nd unceasing witness to ovr'rffjighbours" all thosa around us with Wh¢￿ God has g1van us C￿taCt. 6. S•ndlng Out-￿ ar• cornmthed to the sgndir%J r*Jt oflabourers into the worl01￿19 ha￿¥t fièld and our prayer is that the￿ shovKI be thosè from Emmanuel serving throu9hout th• Wo￿￿. K•y Aetfvltl•¥ Th¢ ¢hur¢h'$ kay activths are thergforo.. The work at Emm8nuel itsell in teaching God's Word In churckn seryic4s and through $m8llèrgroups and youth groups, in encouraging and supporting each othgr and In •vaThJ81ism. Support of gospel work In th8 UK through prayer. grant-making aThJ other pracb'cal help wh?r& nèc•ssary. Suppert ol gospel woth overs¢•$ also thiough prayer. 9rant-rnaking and oth8r practical help where necessary. At th• year end. Ernmanutrl had three salaried fvlktime staff and five part-bme slaff. Apart frryn this, thè majority of Emm8nuel's Wort( 18 corrrgd out by vduntsers, whgthgr workiNJ %wthin Ihe ChU￿h In t?•thing. youth wo￿. evange115rn et¢., or Involved In caring for the churches and MISS￿nOT*S that we swJrKt in th& UK and (￿￿￿&5. Th¢ Trustéas would like to th￿k all those who volunteer their soThic•s to help run ond adminis¢er Emmanual. Many people give gubst8ntial ￿oUnt ol time lo ensur? that Emmanu81 runs effecbvely Thos¢ contnbutions ty volunteers help thè church lo minimise administration c03¢s tha consequence that Ernman1￿1 Is able to allocate 8 gvJnifi¢)nt PrOPOrt￿n ol lunds to $UPPOrt Gosp81 wortt away from Wmbledon. Publ1¢ B•neflt The Trustses are awarè tsl th• GuNlance promub33i•d by the Chanty CLYnmlss￿)I und8r th8 Charrtie$ Act 2011 in ralatson to Public 8?ngfit and are rnindful of thèir oblvJ8tions to tta¥g reg8rds thèreto. Emmanuel adv•ne8s religion for the put41¢ tén•fit by prcmulgatiThJ the 9otsJ naws ol Ihe Christian gospel within Wmbl8don and also by supporting individuals. churches arky or9an15ations elSththe￿ In Ihe UK and around the W￿¢1 wth tha¢ 5am8 end. We believe (hat il is to thè ètemal benefit of all ￿apIt to have the opportuntty to hèar and respond to Ihe Invitation ol salvation from our lown9 God and Ernmanu818ims to give 0 sub$tanbal proportion of ts Incom• to supporbry work outside the ehurch. The amount 91￿n 15 r8gulady rwewed in the light ol forecast in¢m 8ThJ ts finarKaal ne¢d$ ol th• church rt3elf. Emm8nu81 also prowde5 a very loeal publ￿ benefit In many ways. Thè ehurch is well-maintained and is open to any who wish to attend the Sunday sèrvic•s. wth the building also bèing us•d by local schools on occasJ0n. The Chrisb'an f8bth Is laughl every Sunday and at the rnany diff•rnnt weekday small 9rgup maatings to ensure the faith i¥ understood and put Into pracknce by members of the church. All childrèn are welcorne to jryn our ytyjth group5 whith raThJe fr¢Jm preschool thrO￿)h to Acom, our 9roup for 14-18 yèar olds. Thesè groups seek to teach tha Chnsban larth as apprcpriate for the parbcular age, along with the moral and ethical fr8meworf( that goes Wth It. Vanous evangelistic events afe held throu9houtth8 y•ar. to explain th? Chrisb"8n faith to those who not m8mbers ol th8 ¢*urth and Emmanuel Is also Invo￿e0 In Ihe local communty. Although a d)arge Is maLle for Some O￿nts at the church this 1$ kept to a minimum and there Is a￿ayS provision madè lor those are Unab￿ to pay. Vanous crethes Mums & Tots and Dads & Tots groups a￿ run tree as a service for non-Emmanuel parents and th¢sg arg well attènded. Support Is provided for rhildr•n wrth speual needs Ihr(yJgh a prayer group and prnth¢al help ¢Juring church serwces. Groups for older folk in ￿ ccmmunity take ￿3¢? on a Monday. aThJ wsitsng is arraw to variou3 carè homes near the ehurch. EMMANUEL CHURCH WIMBLEDON For the year ended 31 December 2023 Trustees, annual report (continued) Emmanuel supports the IMmb￿lOn ¢omrnunty by encour8ging memtrer5 to train and Serve ￿ Street P8stor5. This national organisation seeks to provide support from local church volunteers for Ihose present in town centres late on Friday and Saturday nKJhts. Emmanuel is a150 a supporteroflmmbledtsn opt￿ IPrtgnancy Rèsourc• C•ntr•lwhich proM¢J&s pr￿1￿81 hèlp and advieo to pregnant women ￿n the Ictality Wimbledon International Café has tecx)me more e$tablisW as an Ernmanuel Churth Ministry buikJin9 on themed Sunday aftèrnoon events and other occasions There Is a monthly Japan¢5e and Olhtf èvènts lor the Japan•s• CLNnmun Emmanuel hosts cKcasional events for locJ schorAs Senlor M•n•qwnentr¢mun•r Emmanuel works to a lon9 established princi￿? ol ernplowng the minister and associatè minist8fS on tha b8sis that they 81è ordainèd In th6 Church of England. and as such their rernungratson Is set by reference to an enhancèd seale based on the Dioeèsè of Southwark pay scaks for ckrgy Accommodabon Is prwded for rninI5ter5 on the b8515 that they ar¢ employed a$ rninist¢rs of religion and are required ¢0 live In the actommodabon fortr* lurthefance of their psstoral dubes In Wmbledon. ACHI NDP R•vl•w of •¢tlvltl•• Support for Gosp•l Work In th• UK During the year Ernmanuèl has helped fuThJ 8gSOry•te Min￿¢913 and youth Wo￿¢￿ * o nurntyèr of dilfèrnnt ehurth•J ac*osg thè LIK, many olwhich operate In difficult arèas or are In earty gr0￿h rn￿je. The UK Mlssion Committee has kttpt In eoniaei with thè vanous churchos and Individual3, revowing thei¥ noe49 and hg4)Ir*J tha mwnbèrs at Emmanuol to b• Involved In carin9 for and praying for Support ft+r Go¥p•l Wor* Ov•Fs••s Ernmanu•l has continued to fund Missionary work?r$ and Ofganraations in many different parts of the world, including Mozarnbique. India, and sèvèral diiferent are85 01 Afn'ca. as V￿11 as giwrrfJ towards th• 98n8ral funds of several mission 898ncies which support oversea5 workern. We hav• also sought to provide help and advice to Ihose from Emmanu•l who are consid8fing going overseas. The Internation81 IAission Committat has woth8d dosety wrth those we support lo ensu￿ that their n&¢d$ arg met and that thèy ar• $upport¥d in pray•r. In¢om• About 70% of th? Churd)'$ incom• * recal￿d frc*n stsnding orders 4TrJ othèr plann•d giwng. however p8ople do also give lo the work on a 'one off bJsis as %4pII Ovér Ihe course of the year. Incryne was hvJhor th8n 2022 at £898.231 12022. £524,4611. thilst our règular giving was slightly lower than expert3tsMS. WÈ ree•N•d one Very lar9e 'one off 91ft of over £100,000. The Trustees are very gr?￿h￿l to •vèryon•who contn"butes generou5ty lo Emm•nuel. pa￿￿j1#￿Ylh0sO who give by monthly standing ord•r or other regular planned gIWNJ. Costs Operating c031s of £873,668 w•M slKJhly h*Jher ihan 20221£841,2571. m•inty du• toworf( requ¥r8d to refresh the parsonwe. in light of th& arrival of our new vur •1 th• start of 2024. Grants Emmanuel prowde5 grants In accordanee rts MvJgion and Prioriies. oullined AboNe. In particular, the Church sUPPOrty UK and ovèrseas missionaries and those training for ordinabon or stULlying lor Gospel work UK and Intemational Mission Comrnittee5 wort( to agree(I budggts, and s*￿1 a￿$ commrt lo any grant on the basis ol dearly defineLI criteria. Grants wèrè In Iina with budgats at £220.OOD Cash aftdR•s•ms The poliw of thè Trustse3 is to endeavour to maintain free cash resernes amountsTrJ to 2-3 months ot operational expenditure. ol around £1(X)k-£15Ok By the ènd ol the year. ca8h in our bank account was at £267.471 EMMANUEL CHURCH WIMBLEDON For the year ended 31 December 2023 Trustees, annual report (continued) Inv¢$tmentpoliey andp•rf0mM￿* Surplus fund5 are h81d In a Bank of Scouand rese￿ a¢¢ount in c*der to generate interest income while beiry readity availablè. Other Investments are In units In the M&G ChanIu￿1 lerKlwnent hjndl. aceording to the ￿$trictIonS over it. Investrent perfornanca was in line wth ourexpgdotieos for Il* year. R•lat•dparty tran¥•¢tions Related party transactions are di$dos8d in note 6 In relation to the slar1￿ al￿ pansion costs of staff who are also on the Churth Council. Furthèr Relate(I Paty disclosure Is in not• 17. Multfv•mployerp¢n8ion sch•m• Emrnanuel participates In the Church of En9land Funded Pensions Scherne. Thi$ Is a dèfingd bènefit ￿nSIOn scheme. Emmanuel Is Unab￿ to Identify its sham ol Ihe underlying assets and Iiabilibes. Its￿l0re as required ￿der FRS 102 thè P￿sent value olttte deficit conlribubon5 has been recognis8d as a Iiabilty and has inclthled In the finanoal statements. further Infom8tion in note 15 ol th￿ financial Statements. Emrnanuel ha? ¥?t up a wothplace Fension sd*m• with NEST lor all employees WA￿ ofy not a11gibJ& to join the Church of England $chamo, and all employee$ who qualify are 8UtornalKally •nroll&l. Work •t Emm•nu•l In 2024 It is expedgd that tha pattem ol mini$tri¢s at Emmanuel wll remain simi￿r dunn9 2024. welci)rn? the op￿intrn9nt of A8v Luk• ljaz and look forward lo his ministry an(J envisioning In du• cours• Support for Gosp•l Wort In th• UK 4nd o¥•rs••¥ In 2024 The ChU￿h expe￿$ to continue ￿ndl￿d work•rs In churctss arountj Ih? ¢ountry overgeas •nd building r¢lation8hlps with those we support. The budget lor grants in 2024 18 £140.0fr)12023' £220,C￿l Th8 Church does not amploy outside or ¢ommeiual lund.ra15er5. and dogs not make appeals lor fvnd$ b¢yortd Its m8mber3. The Chureh has not Subscrib￿ to any fund-r81sing regulator an¢J has received no ¢ornplaints about rts funLlraising 8clvitiÈs. Wè do not enga￿ In pèrsistent fundraising or Intrusive fundra131ry practicès wlh any of our donors. Induding vulnerable people, and we n¥Yor havg priva￿ 0¢ coerove disvJsBions iThJivbJual$ abo￿ tho* Ol￿r￿j. EMMANUEL CHURCH WIMBLEDON For the year ended 31 December 2023 Trustees, annual report Icontinued) RESPONSI F THE TRUST The trustees Iwho are also diredors ol Emmanuel Church Wimbledon forthe pu￿0$*$ of company lawl are responsible lor preparing the Truste8s' Report lincorporating the Stra￿1¢ report and directors. reportl and the finanoal statements in 8ccr)rd8nce with applicable law and United KiTrJdom Accounting Standards, InclthiThJ Financial Reportng Standard 102 Tre Financial Reporting Slandarcl appljcable in the UK and Republic ol Ireland (United lQngdom Generalty Accepted Accountsng praCts￿l. Company law requires the truste?5 to prepare fifbanoal statements lor each financpl year which give a true and fvir view of the state of affairs of the charitabk company and of thè Inc￿￿8 ond expendrtur•, of the charitsNe CL￿panY forthat P8ri¢xl. In preparing thasè financial statements. th¢ trustees are required tts sèlacl Suitable accounting policies and then aFpty tham consigtentty." ots¥eNè th• methods and prinupkn in Ihe Charit* SORP". rnak? jLhlgm•nts and accountsng ¥sbmat•s that a￿ W￿rtable and pnjdent.. state whether applieabK8 UK AccountiThJ Standafds have been folbx¢d. subject to any rnaterial d¥partures disdosed and &xplained In the finanrjal stat8ments. and prepare th• financial ststemènts on th8 g￿ry conc•m basA un￿$ rt is inappropriat¥ to Pres￿16 that the thantsblè company will continue in busin8s3. The trustees are re$ponsible for maintaining proper accouAbrrtJ records which disdose wth reasona￿• accuracy at any tim¢ tho fin8ncial posrtion of the ch$ritabl• company and enab￿ thèm to 8nsure that Ih8 fin8nual statements comply with th• Compariies Act 2006. They ar6 also responsib￿ for safeguarding the a$￿tS of ihe tharrtablo cJnpany and h8ncA for taking r••$onabl8 staps for the prevention ¥nd d&t8ction ol fraud and gthtf Irwulanbes. In so lar as the tru$taès Bre aware. thoro is no relevant oudit 1nfonmal￿n olwhith Ihg chafrtable ¢￿pany$ 8udrtors ar• unaware,. and lh¢ truste8s have taken all stsps that they ought t¢ hav• tak•n to m*e them8¢I￿S awar8 ol any relev8n¢ audrt inforrnation nd t¢ éstablish that the auditor8 afè aware ol that ￿10mla￿On. St•t•m•nt ol dl8clo¥ur• to th• •udito The dirgdors conlimi that.. So tsr as thè directors are awor$. th•re is no reknvant a￿11 Infomiabon Or￿ch th¢ cefflpany s auditors are unawara. and The directors hav8 taken all slep$ thèy ought to ha¥E taken as a dimctor In order lo be owarè ol any Infomiation needèd by tha company's auditor In connecb'on wrth pr•pann9 their reports and to osiablish that the cornpany'$ auditor Is aware of that inlomation. Small ¢omp•nyprovhlo These financial statements have Wn pr•pared in o¢ct*danc• the prowyign$ Ipplicab￿ to cornpani&$ $ubj•ct to the small companies re9ime. Audltors Emmanuel Chureh ￿rnb￿ln will conbnu• to use JCS as our audrtors in 2024. On b•hall olthe Churth council E0￿3rd CoK8ridg• Trustee Date. 2 Septèmb6r 2024 EMMANUEL CHURCH WIMBLEDON For the year ended 31 December 2023 Independent auditorfs report to the members of Emmanuel Church Wimbledon Opinion We have auditsd th8 frnanoal statwnenls of Emmanud Church Wmbledon Ilhe 'charity'l for the ygar ended 31 D￿mter 2023 which comprise the St3tern8nt ol Financial Actiwbes, the Balancè Shèèt. the Statement of Cash Flows and the note5 to the finanei81 statèments, Induding 8 surnmary of SKJnificant accounbng policw. The finathc1￿ ￿portn9 framework that has been applied in their preparatson 13 applKablè law and United ￿ngdorn Accountsng Stsndar(Js. Induding Financial RePO￿[Vj Standard 102 Tho FinanL¥al Reporting Standard appI￿able in the LIK and Republlc of Ireland (United lQrKJdom Generally Accepted AKountin9 PractI¢91. In our opinion the fin8nci81 ststemtftts" give a true and tsir wew ofthe 5tatt olthe tha￿tab￿ ccrnpan￿$8ff8lrs as at31 D8¢smbèr2023 and olits incomirrtJ resourcks and application of ￿$(￿JrceS for the year then ended". have been properly prèpared In accordance with United Kjngdam G•n8falty Accèpbj Accounb'rg Practice, and have been prepared in o¢eordartt wth Ihe raquirements ofthe Companies Act 2006. B••l• for opinlon We conductsd our oudri in occordance Intematson)I Standards on A￿j1￿￿j IUKI IISAS IUKII and appli¢pbl¢ Igw. Our responsibilities under th059 Standards are further descnbed In Ihe Auditorfs ièsponsibilits"&s for the audit of the financial 5tstement Section of our r8POrt. VIÈ are Independent of the charitable Company In aczoriyance with the ¢thic81 tsquiramonls that are relevant to our audit of finanei81 statsments In the UK. Incjuding thè FRC'S Ethical Standard. anol we have fulfilled our othèr ethical responsibilities In aC￿rd￿nCe wilh these requir￿ents. that th8 audit ev#l&nch we have obtained Is sufficient and #ppropriate lo provide a ba515 for our opinlon. Con¢lu•lon• rgl•tlng 10 golng ¢on¢•rn In auditing Ihe finan¢1￿ statements, we have concluded Ih•t tho trusttts. use of the going concem b•$i$ of ￿¢trUntIng in tho pr8paration ol the financial $tat•mènts Is appropnate. Basod on the V￿rk ￿ h8v8 perfonned. we have not thnbfied any rnateria uncert8inbes relatsrvj to ¢wnts or Condit￿n$ that, Individually or collectsvely, rnay cast significant doubt on the Chanty's to contsn￿ as a going concem for 8 period of al1oa$t 12 month$ Irom when the financi81 stat?m?nts a￿ aulhonsed lor Issue. Our respon>ibilitw¥ art4 th• r•spon$thilrtm of Ihe tru5tee¥ vmh to gotng corKem arn descrit¢d in tho r•lev8nl 8•¢tion$ ollhi$ report. Oth•r Infomatoon The other informotson eomprises the information in¢lud•d In the annual report, indudiry the trust•os' opofl, other than tho frngneial stalernents and our auditor s rèport thereon. The trustees are rèsponsible for the other Infom8tion contained within th¢ annual rèport Our opinion on the financial g18t•rn¢nts do•8 not cover the other Inlomi*c41 and, •xc8Pt to th• oxtent othewse explicily stated in our rèport. wo do not express any fgrn of assurance conclu510n thereon. Our responsibility 15 to r•od the other infomation and. in doir•J 90, cJ)nsider vtt*ih•r the other Infornatyon 1$ matonolly in¢on$i$tsnt with thè financial statements or Our knowledge obtained In the course ol thè audit. or othewse appears to be matenally m135tsted. If we identify such matsnal incon515￿n¢V￿s or apparent maten81 misstalements. ws aré rèquirad to d•temiin8 ¥*fiether this gives nse to a matenal misstatement In thè finanual statements them3elvts. 11. based on the worf¢ we have perfofrned. w¥ con¢lud& that thère 1$ a material misstatement of this ¢thar Infonnatson. we are ￿UIred to rèport that lact. We have nothing to report In thi5 reg¥rd. Oplnion• on oth•r matt•rn pr•¥¢rlb•d by th• Comp•nl•• Act 21)06 In our typinion, based on the wcwk und¢rtak•n in thè course of our atxlrt.. the information given In thè trustees. report. which Indudès thè directors. report prepa￿ for the purpos85 of company law, for the finanoal year for wttith thè finan￿￿ statwnents are prepared Is ctsn51$tont wrth the financial stetements.. and thè dirnctors. ￿pOrt ind¢xled vthhin tha trustees. rwrt has been prepar¢d In acc01datK8b￿kn applKable ￿gaI requirement$. EMMANUEL CHURCH WIMBLEDON For the year ended 31 December 2023 Independent auditor's report to the members of Emmanuel Church Wimbledon (continued) Mattern on whlch w• ar• required to rèport by •x¢•ption In thè light of the knowledge an¢J understsnding of the charity and its enwronment obtsined in tha Coufse ol the audit. wè h8¥& not identified material misststèments In the directors, rwrt Induded wrth trustees. report We have nothing to report in respaet of the foliowirwj matters in relabon lo whth thè CoMpan￿S Act 2CQ6 rnquiras us to report to you if, in our opinion adequa¢e arnd pr¢)P8f ar￿Untr￿j r8¢tyts have not been kept or returns *Jequate for audit have not been r￿1Ve& from branches not visitèd by us., or the financial statements are not In agreemenl wrth thè Accounts"ng records and rntums, or certain disclosurès of trustees, rernunerabon specifed by law are not made. or W8 have not rec•ivad all the Informatson and explanation5 we rtquirts lor our audit. or thg trustees We￿ not entitled to prepa￿ the financial ststements In accordance with the small ccmpanie5 regime ?nd t8ka adVants￿ of the srnall ¢ompani•s exempts.ons in pf•panrg Ihe trusttés, report an¢J Ir￿n tho r•quirement to prgparo 0 strategic report. R••pon•lbllltbo¥ ol tru•tM• As explained more fvlly In the InJstee5' ￿spOnSibl11t1es sts¢¢mènt. the trustees, (who ar8 also the directors of thè charitsble company for the purposès of cornpany lawl are respon31￿￿ for the preparatson of th• financial statemonts and for being satijfied that they give true and fair view, and for such Intemal contrd as the trustees det•m)¢ne Is neCes￿ry to 8nable the prepar•tson ol financial statements that arè free Irorn matgnal misstatement. whèth•r due to Iraud orérror. In prepanng the finanool statements, thg truste•s af8 ￿SponSib* lor assessing the thèrity's abilty to conts"nu• 08 a going concern. disclosing. a$ applicabb, matt•fS related to g)Ing concern an(1 usirrfJ thè going concem basis ol acuuntin9 unlèss tha trustees either Int8n¢J to Iiquidot8 th• compony or to cease operatk)ns. or have no ￿all$￿t aii•mabN* but to do so. Audltor'• r•*pon•lbllltl•• lor th• audlt of fin•n¢l•l •l•tem•rtts Our obie¢iiv8s are to obtain reasonable a$5uranee about whethèr th• financial $t*•m•nts as a whol? 8r• free from rna¢enal misslaternenl, vthèth8r due lo fr8ud or errof. and to ISSU8 an audilofs rwrt that Indude$ our opinion. Rebson$blè gssurance is a high 1èv81 ol as5ur8n¢¢. but is not a 9uaranta8 that an a￿lIt th*￿UCted In ac¢ordance wth ISA$ IUKI will a￿ayS de¢e¢t o malanal misstaternènt when it ex15ts. Misststements can anse frorn fraud or error a￿1 ¢ortsK#ered mal?n81 If, Individually or In tho aggregate. thgy could reasonably be expected io Infl￿nCe the ec¢ntynic dectsion3 91 u$8rs taken on the basis ol these financial stalèm6nts. The ￿onI to which our pro¢adur8s are ol ¢Yetectin9 ifftguL•ntsw. indudin9 is detaiw belt)W'. Based on our undèrstandiry of th$ charity. we identi￿d that the prin¢ipal nsks ol non-cunpliance wth 18W5 and règulabons rdated to employment. financial reporting legi￿atiOn and heahh and safety reguLabons and con$idèrad the extent te which non. cornpliance might have a material effect on thè finanual sts¢emtnts. We also cgn5Klered those law5 #ftd regulations that ho￿ direct impact on th• preparats¢)n of tho finarKial stat•m•nts such as thè Chanbes Act 2011. We assessad the susceptbility ol the charity's finanoal ststemènts to material misstatement. including obtaining an understanding ol how traud might occur. by rnoking enquines olmanagement. considènng the Intern31 controls In place and discussion amongst thè èngagement tsam. We detemiined thal the prinapal risks ￿re rèlated ¢0 managament bias In aeeountsng esbmatO$. Présentation of3¢paratelydisclosed rterns. incom• an¢J expenditure categorisalion and mana9ernent overrpJe of witrols. In response to thé nsks identified we desKJned prc£8dures which Induded. but ntst Iimrted to ChaI￿ng￿n9 significant Bcctsunting eslimatès such as depreJaiion of tangib￿ fixed assets. agreein9 financial statwnent disclosures to undèrfying supporting documentation, re¥￿￿n9 inceme and eX￿n￿lI￿re COLle5 for atturate recording. Identifyirg and t8stsng journal gntnas. reviebwng trustee meeting minutes and evaluab.ng the thafity's Intemal Controls. EMMANUEL CHURCH WIMBLEDON For the year ended 31 December 2023 Independent auditor's report to the members of Emmanuel Church Wimbledon (continued) Thère are inherent limilabons in Ihe audrt prctedures descnted above and the prmary fosponsibility lorthe prevention and detection of irregularities inclLKling fraud rests wth management. As with any a￿1¢. thef¢ remainèd a nsk of non-(letectson of irregularities, as these may involve Collus￿n. forgèry, intentional omissions. Misrepre￿ntab"orn$ orthe overr¥Je ol intemal controls. A further (Jescripbon of our responsiblrtjes for the aLttYit ol the finanrial statements 1$ l¢xat•d on the Finanaal ReportirrfJ Council's wèbsite at." htW'.IAw4.Irc.org.uklwJitorsfe8p￿sIbllrt￿. Thi8 descnptyon lo￿$ part ofour auditti¢s report. Usg of tho audot r•F)Ort This ￿port is made solelyto tho ¢hofttable company's mernbers. a5 8 bc*. in ac¢oldgr￿ Chapt8r 3 01 Part 16 ofthe Cornpani8S Act 2006 and r69ulalions made underthat Act. Our auditwoth has been undertaken $0 thatwe rn19ht 5tateto the eharitable company's members thosè matters we are required to ststs to Ihern In an auditois. r•port and for rbo other purpose. To the fv118St ?xtentP8rrnittèd by law. ￿ do not accépt or assume responsibility to anyo￿ othèr than th8 chantabk company and its members as a body, for tsur gudit work, lor this report. or for the opinions w• have fomiad. Mlrlam Hlek•on FCA IS•nlor Sl•tut•ry Audltorl fgr •nd on beh*ll of Jacob C•v•n•9h a Sk••t ststutory Auditor Chart•r•d AcGountanl• S Robin H¢)c¥J Lar Sutton sUr￿Y SM1 2SW loqlts¥ 10 *?Or e*r ]lJ- &411 thTr-r 11 ¢4 (n EMMANUEL CHURCH. WIMBLEDON Balance Sheet at 31 December 2023 2023 2022 Not8 FixeD ASSETS Property. puqnt and equiprnent Investments Invesbnenl Property 6.662.3QJ 171,773 420,C 6,781.866 175.906 420.000 10 7.254,073 7.377.772 CURRENT ASSETS Dèbtors Cash at bonk 46,773 267,471 5.951 3S2.049 314,244 358.￿0 Creil*tors". 8rnOUnt$ falling due within ono ￿81 12 131,5331 119.4181 NET CURRENT ASSETS 282.711 338,562 TOTAL ASSETS LESS CURRENT UABILIYIES 7.536.784 7.716,3S4 Pf¢vi$ion for liabihty'es 15 NET ASSETS 7.S36,784 7.716.354 FUNDS G¥n•rg1 unrestricted fund Propety fund lunfestncted, including r•valuabon 01 £285.OC 12022 £265.0001 Restrictèd lun(J Endowment fvnd Iinduding revalyabon reserve 01 £56.82912022'. £60,982) 13 13 145.957 216,004 7.072,570 89.543 7,190.240 13 13 228,714 225.112 TOTAL FUNDS 14 7.536.784 7.716.354 Th¢5¢ financial ststernents have been prep#r8d in ac￿r￿a￿ Ihe specjal provi*'ons ol Part 15 ofthe c()mpan￿9 Act 2006 relating to gnall compani￿. Signed on bohalf of the twsleos on 2 Septsmt•r 2024 Edward Cgbrid Trustee The notes on pages 14 to 26 fom part ol these financial statements. EMMANUEL CHURCH WIMBLEDON Statement of Cashflows for the Year Ended 31 December 2023 2023 2022 C•sh Ilowl from a￿l•11n9 aetl¥ltl•s Net l•xp•nditttrel 1179.5701 1327.3721 Adjustments for In￿str￿ent irKorne 178.8441 119.566 4.133 140.8221 12,115 139.7581 120.108 10.376 46.450 3.gsg 4.000 D8preciation Lossllgainl on Inv•strnents Decre85ellincr•8881 In debtors Increas¢lld8cr•asel in credrtors IOecrea$g1 In Provision N•t G••h luud Inl op•r•¢lno *ctlvltl•• 1163.4221 1190.2371 C••h Ilow• from Inv•*tlng a¢tlvltl Inv•$th)ont Incomtr rK•sv•d Pur¢hase ol property plant and equipmont 78.844 39,758 N•t ¢a•h g•n•rat•d from Inv•itlng acllvltl•• 78.844 27,61• N•t Id•¢r••••l In ¢a•h 184.578) 1162,618 Ca•h ind ca•h •4ulval•nt• •t th• itsrt olth• y••r CA•h and ¢a•h •qulval•nt• 41 th• •nd of th• y••r 352.049 514,687 267.471 13 EMMANUEL CHURCH, WIMBLEDON Notes to the financial statements for the year ended 31 December 2023 1. Accounting Policies Emmanuel Church Wmbledon is a company lintsd by guarantee incDrporated in EnglaThJ and Wales. The wistered office is Emmanuel Church, 24 Ridgway, London SW19 40L. 1.1 Bo•h of pr•p•ration of financlal statsment• The financial statements have been ￿pare£l urthr the Companie5 Act 20C6. the Chati¢Es Act 2011 and in accordance with the Charities Statement ol R•commanded Practice (Chanties SORP IFRS 10211 and Financial Reportng Standard 102 IFRS 1021. Th8 financial ststements ar8 pr8parÈd In st•rfing. rtyjndèd to thè nearèst pound. Thè charity Is a Public Bènèfit Entity as ¢J8fined by FRS 102. The financial 5ts¢ernents havg1)gen Pfèpared on tha histoncal cost COn￿n￿On, mL*Jifiad lo Includè thè ravaluation ol invastmant properb'es and to Include cert81n financial Instrum?nts at tsirvalue. Thg pnnc4pal aceountirg policiès adopted ore s8t out below. 1.2 Going eone•m The charity has shown 8n inmso in incom• in 2023. h¢)wev•rstsii Wan fora budget d•fiot in 2024 which ￿11 maan 0￿r 8xp8ct•d ¢ash resefves are at £120k by the end of Ihe year. whKh 15 ￿thIn our rossr¥¢s p¢41ty. The charity doe5 a150 3ts11 ￿tsIn $1gnifieant assèts tr*at could b• liquidat•d Ihous•s. other funds etcl in the event that cash rosams fall further. However Ihat Is exlrernety ynlikoty to )• wuirod. AecerdirrfJly. thè frnan(Jal stat8m•nts halrè been prepared 8 g¢iTrJ c4yKem basisand do not indude any adju3tm8nts thatwoukl be required should the chanty no longer t¢ a gc4rKJ tonc*n. 1.3 Incom• Donations and other income •r¢ r¢¢tyJnised wh•n r•r*v•d •)d an •sbmats of IrKom8 tax recoverable is recognised when the rèlated donations are recognised. Gift$ in kin¢J ar¢ X¢OUntsd lorwhen r•cal￿d or when their ts'r value Can bo fy•sonobly •$cort¥inod whichèvar 1$ th8 èarfi•r. Income from investments 15 re￿nIg•j whon Emmonu81 Chufch Wmt48don ar• •ntiUed to tho income. 1.4 Exp•ndltuY• All •xpenditur• ra pLcounted ts on an Jccruals ba$1$ vth¢n th8 èxpèThJrturè * irturY•J. Grants payabla 8r• acxount8d forwhen Ihe gronl 1$ paid or whon awa￿8<1 dthat creates a ts'ndirvj c*ligabon on Ihe Chyrth. Support Costs are minirnal duo to I￿POrt rol•s b•ing p8rfornied by %￿lunteerS. They consi¥t of Ihe govoman¢o ¢o$ts ol t ¢hanty. 14 EMMANUEL CHURCH WIMBLEDON Notes to the financial statements for the year ended 31 December 2023 Accounting Policies (continued) 1.5 Tan9lble fixed assgts Property, plant and equipment is held at cost le55 acujmthated depreaab"on. Propaty wrns tr8nsf•rred to the ents.ty on 1 January 2013. These assets have transferred across at a cornbinatson of fair value anLI Insuran￿ values. The valffts applied are deemed to b8 the cost ofthese assets goiTha fo￿ard and ￿11 be gtcosl lessa￿m￿l8ts￿ depreoation. Depwabon and arnortysabon Is calculatèd as follows Land.. F￿8hOld buildiNJs". Leasehtsld buikyirrtjs Propety Plant and Equipm•nt'. 30 ygats straight lir 125 years stralght lin8 4 or 10 years 9troKJht line 1.6 Viluitlon of Inv••tm•nts ind In¥￿IM¢nt prop•rtl•* Investments arè hekj at rnath•t wal￿ at the ye8r •ThJ. Reali5ed gains and lo¥s•s a￿ reC￿nIsed when as59ts are sokl. Unr6alis8d gains or losses en Investrn¢nts are ac(ount&J for ￿ rgvaluabon of In¥ésbnents at ?ach year end. Invèstment propèrt16s are hgbj at lair valu?. 1.7 O•btorn gpKi•s. tsx ro¢ov•rable on donations ¥nd oth•r debtorn ¥• indudsd at set¢lwn&nt amount due. Pr8payments ar• valuad at the omount pr￿1￿. 1.8 Ca•h and ¢a•h •qulv•l•nts Cash ot bank and in hand Includ0$ cash a￿j short 18mi hvjhty I￿￿￿1 Investyn•nls wth a Short maturity of thr88 rnonth¥ or I from the datè ol openin9 tsfthe depowi 1.9 Cr•dltor• •nd provl•lon• Cr8dilors and pro¥Asion3 ar• recognisad Ihg chanty ha$ o pr•sent oblvjation arisin9 from a past evont that will prob)bly resutt In the transfer of ￿ndS ￿ a third party aTrJ the amount due to s•tUe the obligabon can be moasured or oitimated ￿lIablY. Crer goneral purposes agreed beNveen the Inr)Jmbent and the Churchwardens. This is ttte transfer shown in the year. The remainder of th8 Income kq rein¥ested wilh the c•tsl onby to b8 used lor a cnbc* finanrjal nèed ol Ernmanuel Church. 23 EMMANUEL CHURCH WIMBLEDON Notes to the financial statements for the year ended 31 December 2023 13. Funds {continuedl Thè A W Churchill Fund ha5 set up to provide wital for Emmanuel Churth to LL8e in a cnb.cal financial 51tuatiM. 1& Analysls of Net Ass•ts by Fund Gen•rnl Unr••trictod Fund Prowrty Fund R￿trIct•d Fund Endo￿nent Fund 2023 TOTAL 2023 Fixed a￿ts and inmtri6nts Cash Currènt debtors Current lia￿11￿•$ 9.730 120.987 46.773 131,5331 7.072,570 171,773 56.941 7.2S4,073 287.471 46,773 131,5331 89.543 Net assets 145.967 7.072,570 89.643 228.714 7.536.784 Genornl Unrn•tri¢t Fund Prop•rty Fund R••trl¢t•d Fund EndowTr•nt Fund 2022 TOTAL 2022 Fixod a5Jet8 and inve5bnents Cash Current debtors Current liabilitr•S 11.626 217.845 5,9S1 119,4181 7.190.240 175,906 49,2C6 7,377,772 362.049 6,951 119,4181 Net as8et8 216,004 7,190.240 84.998 225.112 7,716,354 Thg property fund 1$ a specific fixed asset fund for lh8 a¢qui*b"on and upkeep of properts5. tsbrie and oquiprnent. 16. Penslon schem•s Emmanugl Church WIMb￿dan participat￿ In the Churth ol Eryland Funded Pension Scheme for $bp8ndi&ry dergy, a d•fined b•nefit pension scheme. This scheme Is adminislered by the Church of Englan¢1 Pensions Board. whid) holds the a$¥ets ol the $¢hem• separotèly from th0￿ olthe EmF4oy8f and the olhof partopatiTha ampk)yers. Each participatiw wnploy•f in the pays ¢ontnbutson5 at a ctsnmon conknbutson rate applied to pensionablè stipends. Tha scheme 13 ¢tsns￿ered 19 bè a multsemployer sthem8 as descnbed in Secbon 28 of FRS 102. It 1$ not Possible to attribute the Schème's assets and liabilities to 8ach sperjfic Responsibk Bc*Jy. and this méans contributions are accountod lor as If the Scheme wer8 a defned contnbution scharne. The pensions costs char9ed to Ihe &)FA In the y?ar are contributions payable towards benefits and expenses accrued In that year. which £34.796 In 202312022 £14.5321, plus any figure¥ arising from ¢ontribubons in respect of tht Scherne's defiut (see telowl. The 2021 valuabon show8d the Schemè to be fully fvnded and as suth In 2023. following the valuatson results being agreed, Ihè deficrt contnbUt￿nS paKI weo £nil12022." £2,￿01. A valuation ol the Scheme is carried out once every three years. Tr most went Scheme v¥luation completed was Carr￿d out at as 31 December 2021 The 2021 valuatson ￿vealed a Sufplus of £56(kn. based on assets of £2,72(hn and a funding target of £2,160rn. as5e$$ed using the followirg assumpb"on$. An average discount rate of 2.7% p. RPI inflation of 3 6% p.a land Fension increasès cortsi5tent wrth thtsl. CPIH Inflation in line wth RPI kss 0.8% p￿ 2030 rnowKJ to RPI wth no adju3trnent Irom 2030 onwards,. Increase in pensionable stipends in lire wrth CPIH.. Mortality In accordan￿ with 90Yo of the S3NA tables. wrfh allowanc2 for Improvements In mortality rates from 2013 in line wrth the CM12020 e￿8nded model wrth a long temi annual rate of imprgvement of 1.5%. a smoothing parameter of 7, an inits.al addition to mortality Improvements of 0.5% pa and an allowance for 2020 data of 0% li.8. w2020- 0%1. 24 EMMANUEL CHURCH WIMBLEDON Notes to the financial statements for the year ended 31 December 2023 15. Pension scheme$ (continued Following fin81isabon ol the 31 December 2021 ¥•luabon, deficrt ¢onth"bubons ceased wthh effg¢t from 1 January 2023. sincè thè Scheme was lully lunded. Th8 deficit recovgry c0ntrbut￿ns undgr IM fecovery ￿an ￿ lorce at each 31 Dèt•nber wRre as follows". % of ￿nSionab￿ stipeTras 31 D•cémter 2021 310ecembèr 2022 31 Decknmber 2023 7% payable J￿Uary 2021 to Decern￿r 2022 An inlerirn rsduction to defiryt conlnbuts"on¥ to 3.2% 01 p8rffjionabkn $tsp&￿$ wa5 made with •lfect frcm Apnl 2022, and remained In pla￿ unts'l 09￿mbar 2022. For sgnior offu holders, p8nsionable stswnds adjusted in cabjlabons by a mults"pl8, a8 set out in th• Schame's rules, s￿tion 28.11A of FRS 102 requires agrèe<1 *Jeficrt recovèry payments to be rocognised as a liability. Howover, as the￿ ao no agreed dèfieil recovery payments from 1 January 2023 onwards. the balance Sheet 118bility as at 31 Decembèr 2022 Is nil. The movern•nl ifi th8 balan￿ 3htr8t li*hty ￿r 2021 and over 2022 Is Mt ￿t tth bgfv. 2023 2022 Balance sheol liability al 1 J8nuory D¢ficit contnbution5 paid Remaining change to th¢ balance sl*¢t h"obility' Irecogni8•d Jn th• SOFA) 4.OfrJ 12.0001 12.0001 8alance Sheet li8bility at 31 De¢¢mb8f 'CompriseB ¢hong• In agreed d•kit recovery F4an. and char4Je in docount rats and inflabon asl￿ptsonS tyatsvtsn year-ends. This liability rnpresents pregent v¥lu¢ of the ijefirit contritrthons agreed os at the accounbng data and has been V•lU￿ using the fdlowing assumptions. No assurnptsons am needed for O¢c8mbef 2022 as thar8 a￿ no agre¢d dèficit recovery payrnènts going forward. No price Inflation assumpb'on w•s needed lor Dee4mb8r 2021 Sir￿ ￿nsiOnable slipend$ for the remainder ofthe ro¢ov•ry plan woffj alr•ady known. O•cemb•r 2023 D•c•mb•r 2022 D•¢•mb•r 2021 Discount rate Pric8 Inflation Increase to lotal pansionat4e poyrol nl¥ nla nl¥ 0.0% p. Na -1.5% p.a. nla nl3 The legal struebjre ol scheme is swh that rf another Responsible Body lails. Emmanuel Chureh Wmbledon ¢ould b8come responssble for paying a share ol that failed Responsible 80ty's ￿nSion liabilibes. NEST The charity also partiupales In a defined contribution schwn• nbn by NEST. Th¥ ￿nSIOn costs thargod to the S¢FA in the year irt respect of Ihis 5charne are £14.82012022' £12.￿71. 16. Future Grnnt Commltrn•nts The Church has made a commitrnent to pay grants In ￿JtU￿ on a rolling 3 year basis. The value of this eLYnmitment at thè yaar- encl is c£500,0(H) overthe next 3 year5. No provision foT futu￿ grants payable has been made in these accounts as the hjnding is dependent on the of income received by and the budget of the Churth for future years as well as an annual ￿VIeW of lh8 progress against aims of the grant during the PTeViOUS year. Whère finance5 of th• Church do not allow it or the annual ￿VIeW is unsatisfactory, grant funding may ￿ withdrawn. 25 EMMANUEL CHURCH WIMBLEDON Notes to the financial statements for the year ended 31 December 2023 17. Rèlated Party Transaction$ The Rev'd Robin Weekes. the Minister. is a trustee of Pembroke Trust, %thich Is the Inte￿ediary Ernmanuel and Zion Ministriès, which received grants in 2023 and 2022 as djsdosed in note 5. He took no part in derjsions to provid? supportto or lo det8fminè thè laval of the grant Donations from trustees receivsd during y•af amountsd to £35.26612022." £21.2301. The daught¢r in law of Simon Blows recAived wun¢ra*on of £22,￿712022'. £21.SWI. ￿ployer Nl contnbuts'on¥ of £1.e31 and ernpbyer pension ¢ontributioM 01 £2.23712022.' £2.1501. During th¥ year, E Coleridge. a trustee. paid £12.CQ)12022. £nill for ts rontal 01207 Coltenham pa￿ Rood. There were no other rel8t$d party tr8nsath"ons. 18. Controlling partleg Th8 company Is controlled by its trust80s. Claire Stsnsfiekl, Eoknrd Cdarty. lan Buchan. Tina McGhee, Joanna Gr•in9gr and Simon Blows, whose liability on winding up the Company is Iimiled to £1 19. Post balanc• sh••t èvents There have been no $ignifunt e¥ents sub5equ¥nt to th• balanc• smot dale that are outyth th& ¢h#rity'S noThnal activitses.