2021-12-31-accounts - Immanuel Christian School Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Registered number 07891735

Charity number 1150240

Immanuel Christian School

(A company limited by guarantee)

Report and Accounts

For the Period ended

31[st] December 2021

Immanuel Christian School (A company limited by guarantee) Company Information

Registered number	07891735
Charity number	1150240
Registered office	20 Frampton End Road
	Frampton Cotterell
	Bristol
	BS36 2JZ
Trustees	J R Gulliford
	J V Gulliford
	R F Gulliford
	C A Cruickshank
	F L Barber
	G T Williams
	A W P Darley (appointed 1stApril 2021)
Bankers	HSBC Bank PLC
	20 Badminton Road
	Bristol
	BS16 6BN

Immanuel Christian School

(A company limited by guarantee)

Trustees Annual Report

The trustees who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the period ended 31[st] December 2021.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Immanuel Christian School is a company limited by guarantee governed by its Memorandum and Articles of Association dated 23 December 2011 and registered as a charity with the Charity Commission for England and Wales from 19 December 2012.

Appointment of trustees

New trustees are selected and appointed directly by the existing trustees, for an indefinite period of service.

Organisational structure

The company is controlled by the governors, all of whom are trustees and directors.

Risks

The major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems or procedures have been established to manage those risks.

OBJECTIVES AND ACTIVITIES

Objectives and activities

The objects and charitable purposes of the Company are to advance for the public benefit education in the United Kingdom, in particular but without prejudice to the generality of the foregoing, by establishing, maintaining, carrying on, managing and developing one or more schools with a religious character offering a broad and balanced curriculum conducted in accordance with the principles, practices and tenants of the Statement of Beliefs both generally and in particular in relation to arranging for religious education and daily acts of worship.

Achievements and performance

The school has continued to grow and flourish. Full time pupil numbers have increased to thirty-nine (up from thirty-five the previous year). Further pupils are signed up to join in future years with the school fully subscribed for the next three years. The school laid the foundations of a new examination centre and began construction of the building in the final quarter of the year. The building will be completed in the first quarter of 2022.

Public benefit

In planning and undertaking these activities the trustees have taken note of the Charity Commission guidance on public benefit.

Immanuel Christian School

(A company limited by guarantee)

Trustees Annual Report

Public benefit (continued)

The school aims to educate children to a high standard, in preparation for contemporary society, in a supportive and happy environment which caters for the needs of the individual.

The school is non-selective and is committed to small class sizes which enables education to be provided for pupils with a range of educational needs.

The school is run as a non-profit making organisation with fees kept to a minimum to ensure widest possible access. The school offers financial assistance to those unable to meet the full fees payable. Further, the school actively seeks ways to establish itself as an integral part of the local community in which it is based. It was involved in a number of community initiatives in the village in which it is situated and nearby town.

FINANCIAL REVIEW

Income for the year was by way of voluntary donation and school fees totalling £276,118 (up from £199,497) with expenditure of £247,241 (up from £154,862). The unrestricted operating fund represents the charity’s free reserves. At the end of the year this was £148,740.

THE ROLE OF VOLUNTEERS

The school benefits from a high level of parental involvement and volunteer support. This provides a strong support base from which the school can efficiently function. The role of Headteacher in the school is currently undertaken by a volunteer. The value to the school in terms of the cost to fund a replacement is in the region of £46,000 per annum.

PLANS FOR FUTURE PERIODS

The charity will focus on seeking additional premises to expand the pupil numbers in the school. The school also anticipates receiving an inspection during 2022.

RESERVES POLICY

The trustees will aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to allow the charity to continue in an orderly manner whilst seeking additional sources of funds. For the period reported the unrestricted funds stand at £148,740.

RESPONSIBILITIES OF THE TRUSTEES

The trustees (who are also the directors of Immanuel Christian School Limited for the purpose of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources

Immanuel Christian School

(A company limited by guarantee) Trustees Annual Report

Responsibilities of the trustees (continued)

and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements the trustees are required to:

Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgments and estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity’s transactions and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board on 07/09/2022.

J R Gulliford Trustee

Immanuel Christian School

Charity Number 1150240

Independent examiner’s report to the trustees for the period ending 31[st] December 2020.

Respective responsibilities of trustees and examiner.

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention

which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mrs R Mildred 10 Walshe Avenue Chipping Sodbury South Gloucestershire BS37 6NR

Date: 07/09/2022

Statement of Financial Affairs

Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
-	-	-	-	-
59,118	71,690	-	130,808	40,747
-	-	-	-	-
-	-	-	-	-
145,310	-	-	145,310	158,750
-	-	-	-	-
204,428	71,690	-	276,118	199,497

146,458		-	146,458	122,547
1,993	-	-	1,993	1,967
15,375	-	-	15,375	18,472
8,240	-	-	8,240	7,916
-	71,589	-	71,589	-
3,586	-	-	3,586	3,960
175,652	71,589	-	247,241	154,862
28,776	101	-	28,877	44,635
-	-	-	-	-
28,776	101	-	28,877	44,635

-	-	-	-	-
-	-	-	-	-
28,776	101	-	28,877	44,635
119,964		-	119,964	75,329
148,740	101	-	148,841	41,583

Balance Sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total this year Total last year £ £ F04 F05	Total this year Total last year £ £ F04 F05
150,000	-	-	150,000	120,000
-	-	-	-	-
150,000	-	-	150,000	120,000

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
148,740	101	-	148,841	119,964
148,740	101	-	148,841	119,964

-	-	-	-	-

148,740	101	-	148,841	119,964

298,740	101	-	298,841	239,964

104,500	-	-	104,500	104,500
-	-	-	-	-

194,240	101	-	194,341	135,464

148,740			148,740	116,450
	101		101	3,514
		-	-	-

148,740	101	-	148,841	119,964
Signature		Print	Date of approval Name
		Jonathan Gulliford

Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

The company was incorporated on 23 December 2011 and registered as a charity with the Charity Commission for England and Wales from 19 December 2012. These financial statements are presented for the period from 1 January 2021 to 31 December 2021.

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with* ✓ Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

and with the Charities Act.

1.2 Change in basis of accounting

N/a

1.3 Changes to previous accounts

N/a

Note 2 Accounting policies

INCOMING RESOURCES

Recognition of incoming	These are included in the Statement of Financial Activities (SoFA) when:
resources	• the charity becomes entitled to the resources;
	• the trustees are virtually certain they will receive the resources; and
	• the monetary value can be measured with sufficient reliability.
Incoming resources with	Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure	the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations	Grants and donations are only included in the SoFA when the charity has unconditional
	entitlement to the resources.
Tax reclaims on donations	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts	which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
	distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as incoming resources when
	receivable.
Donated services and	These are only included in incoming resources (with an equivalent amount in resources
facilities	expended) where the benefit to the charity is reasonably quantifiable, measurable and material_._
	The value placed on these resources is the estimated value to the charity of the service or
	facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income	This is included in the accounts when receivable.
Investment gains and losses	This includes any gain or loss on the sale of investments and any gain or loss resulting from
	revaluing investments to market value at the end of the year.
EXPENDITURE AND	LIABILITIES
Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Governance costs	Include costs of the preparation and examination of statutory accounts, the costs of trustee
	meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of the
	grant has provided the specified service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
performance conditions	no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs	Support costs include central functions and have been allocated to activity cost categories on a
	basis consistent with the use of resources, eg allocating property costs by floor areas, or per
	capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity	are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.

Note 3 Details of certain items of expenditure

3.1 Trustee expenses

Number of trustees who were paid expenses Nature of the expenses Total amount paid

This year	Last year
None	None
None	None
None	None

3.2 Fees for examination or audit of the accounts

Independent examiner’s or auditors' fees for reporting on the accounts Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor

This year £	Last year £
None	None
None	None

Note 4 Paid employees

4.1 Staff Costs

Fundraising Charitable Activities Governance Other Total Employer’s National Insurance costs Pension costs Total staff costs Gross wages, salaries and benefits in kind The parts of the charity in which the employees work 4.2 Average number of full-time equivalent employees in the year	This year £	Last year £
	106,271	106,271
	2,937	1,501
	7,557	2,372
	116,765	110,144

nt employees in the year	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	8	6
Governance	-	-
Other	-	-
Total	8	6

4.3 Defined contribution pension scheme

Brief details of the scheme

NEST scheme

	This year		Last year
	£		£
The costs of the scheme to the charity for the year		0		0
The amount of any contributions outstanding at the year end		0		0
The amount of any contributions prepaid at the year end		0		0

Note 5 Tangible fixed assets

5.1 Cost or valuation

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Payments on account and assets under construction £	Total £
150,000	-	-	-	-	150,000
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
150,000	-	-	-	-	150,000
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

150,000	-	-	-	-	150,000
150,000	-	-	-	-	150,000

5.4 Revaluation If any fixed assets have been revalued please give details of the valuer and method of valuation

Self-assessed market valuation

Note 6 Creditors and accruals

6.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	104,500	104,500
-	-	-	-
-	-	-	-
	-	-	-
-	-	-	-
-	-	104,500	104,500

6.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

N/A

Note 7 Transactions with related parties

7.1 Remuneration and benefits

Name of trustee or connected party	Name of trustee or connected party	Legal authority (eg order, governing document)	Amounts paid or benefit value	Amounts paid or benefit value
			This year £	Last year £


Due to trustees and related parties Due from trustees and related parties 7.2 Loans
	Name of trustee or connected party	Legal authority	Amount owing
			This year £	Last year £
	Jonathan Gulliford	Governing document	104500	104500
	N/a	N/a	None	N/a

7.3 Other transaction(s) with trustees or related parties

Name of the trustee or relatedparty	Relationship to charity	Description of the transaction(s)	This year £	Last year £
Fiona Barber	Trustee	Trustee paid fees to school for child's education	5412	7221
Jonathan Gulliford	Trustee	Trustee paid fees to school for children's education	7,183	7038