## ## |||Pages| |---|---|---| |Reference and administrative
details||| |Report ofthe Trustees||2-7| |Auditor's
Report||| |Consolidated
Statement|ofFinancial Activities|10| |Consolidated
Balance Sheet||| |Consolidated
Statement|ofCash Flows|12| |Notes to the Consolidated|Accounts|13-21| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EMMANUEL EVANGELICAL CHURCH, continued Responsibilities of Trustefs A% LxpI(iinLd Inore lully In IhL Trustccs, Rc5ponsibililiLs 8iaicmLnl sct oui on pagc 7. the Trusiees aTe Tc%ponsiblL for the prcparaiIi)n ()t' finanLidl siaiemLnl% and lor I￿.[￿g sdli%ficd thai IhLy give a irue and fdir view, and l()T such iniLrnal Li)nirul ihc Trusices dLILrininL 15 llL¢LSSary tn ¥nablL Ihc prLp(irali()n of financ1￿lI .%iaiLm¥ni5 Ih()I drL IrLL Iri)tn maiLrial missiaiLmcni. whethLr duL lo fTaud or error. In preparing Ihty financial siaiemcrhis. IhL Trusictys aiL rLSponsible lor &%SLssing ih¢ group and Pnutnic dLCiSi(¥ns {)[ u.sLrs IdkLn ()n ihL basis ()I' IhLSL linancial sI￿1(L[l]Lnis. IrrLgulariliL%. in¢ludinb fraud. and legacies (Note 2a)
Other operating
activities (Note 2b)
Investments
(Note 2c)|632,268
319,444
61|30,796||663,064
319,444
61|700,093
287,653
487| |Grants (Note 2d)|119,523|||119,523|241,227| |Total Income|1,071,296|30,796||1,102,092|1,229,460| |Expenditure
on:|||||| |Raising funds (Note 3a)
Charitable
activities (Note 3b)|274,471
752,976|99,109||274,471
852,085|660,075
876,556| |Total Expenditure|1,027,447|99,109||1,126,556|1,536,631| |Net Income/(Expenditure)|||||| |before Taxation and Transfers|43,849|(68,313)||(24,464)|(307,171)| |Taxation (note 4)
Transfers
between
funds (note 12)|17,362|72,111|(89,473)||20,770| |Net Income/(Expenditure)
for the year|61,211|3,798|(89,473)|(24,464)|(286,401)| |Net Movement
in Funds|61,211|3,798|(89,473)|(24,464)|(286,401)| |RECONCILIATION OFFUNDS|||||| |Total Funds brought
forward|||||| |at I January 2021|4,949,458|99,178|8,857,828|13,906,464|14,192,865| |Total Funds carried forward|||||| |at31December 2021|K5,010,669|f102,976|88,768455|813JI82,000|813,906,464| ## ## ||||2021||2020| |---|---|---|---|---|---| |||Group|Church|Group|Church| |||g|||g| |Fixed assets|||||| |Tangible fixed assets
Investments
(note 7)|(note 6)|14,232,797|14,225,633
2|14,453,736|14,440,353
2| |||14,232,797|14,225,635|14,453,736|14,440,355| |Current assets|||||| |Stock
Debtors (note 8)
Cash st bank and in hand||91,527
545,758|203,412
360,683|1,500
137,628
333,945|245,400
257,359| |||637,285|564,095|473,073|502,759| |Creditors: amounts|falling due||||| |within one year (note 9)|||||| |Creditors and accrued|expenditure|(159,685)|(96,586)|(125,365)|(82,742)| |Net current assets||477,600|467,509|347,708|420,017| |Total assets less current liabilities||14,710,397|14,693,144|14,801,444|14,860,372| |Crethtorsi
amounts|falling due||||| |after more than one|year (note 10)|(828,397)|(790,897)|(894,980)|(845,813)| |Net assets||513dl82,000|f13,902~7|f13tt06,464|X14,014459| |Funds|||||| |Unrestricted
funds:|||||| |General fund
Revaluation
reserve|(note 11)|5,010,669
8,768,355|5,030,916
8,768,355|4,949,458
8,857,828|5,057,553
8,857,828| |||13,779,024|13,799,271|13,807,286|13,915,381| |Restricted funds (note|12)|102,976|102,976|99,178|99,178| |||513dlg2,000|f13,902/47|513,906,464|514,014459| ## ## |||||2021|2020| |---|---|---|---|---|---| ||||Notes||| |Net cash provided
hy/(utilised
in) operating
activities|||14|267,494|(84,437)| |Cash flows from investing activities:|||||| |(Purchase) offixtures, fittings and equipment||||(4,260)|(36,449)| |Cash (used in) investing
activities||||(4,260)|(36,449)| |Cash flows from financing
activities|||||| |Receipt ofnew bank borrowings
and HP
(Repayment) ofbank borrowings
and HP|finance
finance|||(51,421)|70,396
(86,006)| |Cash (used in) financing
activities||||(51,421)|(15,610)| |Increase/(decrease)
in cash and cash equivalents||in the|year|211,813|(136,496)| |Cash and cash equivalents
at the beginning|ofthe year|||333,945|470,441| |Total cash and cash equivalents
at the end ofthe year||||5545,758|f333,945| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Total|Total| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|funds|funds| ||||funds|funds|2021|2020| |a.|Raising funds|||g|g|g| ||Staffcosts
Rent and events costs
Depreciation/amortisation||86,404
174,413
13,654||86,404
174,413
13,654|359,815
274,577
25,683| ||||f274,471||f274,471|5660,075| |b.|Charitable
activities|||||| ||Pastoral staff costs
Other staff costs
Mission and relief
Office overheads
Upkeep ofpremises
Depreciation/amortisation
Gifts and honoraria
Interest payable on mortgage
Other expenditure|loan|388,125
43,125
5,643
17,486
211,545
9,340
19,286
54,426|92,463
6,646|388,125
43,125
92,463
5,643
24,132
211,545
9,340
19,286
54,426|390,881
43,431
60,584
27,612
31,425
204,992
12,105
22,570
79,956| ||Governance
costs||748,976|99,109|848,085|873,556| ||Auditors'
remuneration||4,000||4,000|| ||||K752,976|599,109|%852,085|f876456| |c.|Support costs (included above)|||||| ||||Raising|Charitable|Total|Total| ||||funds|activities|2021|2020| ||||g|||| ||Staffcosts
Office overheads
Upkeep ofpremises|||431,250
5,643
24,132|431,250
5,643
24,132|434,312
27,612
31,425| ||Depreciation/amortisation
Interest payable on mortgage
Governance
costs
Other expenditure|loan|13,654|211,545
19,286
4,000
54,426|225,199
19,286
4,000
54,426|230,675
22,570
3,000
79,956| ||||K13,654|5750/82|5763,936|f829850| ## ## ## ## ## |d.
Employees||||| |---|---|---|---|---| |The average number ofemployees
during||the year was;|2021|2020| |Management
and administration|ofthe Charity||28|37| |Number ofstaff for whom retirement
benefits are accruing
under money purchase
pension schemes|||18|21| |Staff Costs:||||| |Staff and helpers
Employer's
NI contributions
Pension contributions|||426,126
33,317
58,212|681,528
50,478
62,121| ||||f517,655|5794,127| |No employees
earned f60,000p.a.or more.||||| |Taxation||||| ||||2021|2020| |Corporation
tax (credit) on the loss for the||year of||| |the Church's
trading
subsidiary|Ce 19%|(see note 7)||K(20,770)| ## ||2021|2020| |---|---|---| |Total income
Total expenditure|767,157
(879,469)|849,516
(926,898)| |Net (expendi ture)|g(112412)|K(77482)| ## ## ## |Group|Freehold|Long|Fixtures|| |---|---|---|---|---| ||property
and|leasehold|fittings and|| ||improvements|property|equipment|Total| |Cost or valuation||||| |Balance at01.01.202I
Additions|12,784,7I5|1,600,000|1,425,267|15,809,982| ||||4,260|4,260| |Balance at3L122021|f12,784,715|gL600,000|XL429,527|X15B14~2| |Depreciation/amortisation||||| |Balance at01.01.2021
Charge for the year|127,847
127,847|16,000
16,000|1,212,399
81,352|1,356,246
225,199| |Balance at31.12.2021|f255,694|K32,000|K1,293,751|51481,445| |Net BookValue at31.12.2021|512/29,021|51,568,080|5135,776|514432,797| |Net BookValue at31.12.2020|812,656dI68|51484,000|5212,868|814,453,736| |Church|Freehold|Long|Fixtures|| ||property
and|leasehold|fittings and|| ||improvements|property|equipment|Total| |Cost or valuation||||8| |Balance at01.01.202I
Additions|12,784,715|1,600,000|1,399,993
4,260|I5,784,708
4,260| |Balance at31.12.2021|812,784,715|51,600,000|51,404453|515,788t168| |Depreciation/amortisation||||| |Balance at01.01.2021
Charge for the year|127,847
127,847|16,000
16,000|1,200,508
75,133|1,344,355
218,980| |Balance at31.12.2021|5255,694|532,000|51475,641|51,563/35| |Net BookValue at31.12.2021|512529,021|51468,000|5128,612|514425,633| |Net BookValue at31.12.2020|812,656JI68|glg84,000|f199,485|f14,440453| ## ## ## ## |in England
and Wales on 12 November
2015 and comm
EECTrading Limited are summarised
below:|enced
trading
operations
on|1 January 20| |---|---|---| ||2021|2020| |Total income
Total (expenditure)
Profit/(loss)
for the year before taxation
Tax credit/(charge)
on the profit for the year
Total assets at 31December
Total (liabilities) at 31 December
Share capital and reserves at 31December|359,935
(272,087)
87,848
205,645
(225,890)
(20,245)|454,944
(684,733)
(229,789)
20,770
136,184
(244,277)
(108,093)| ## ## ## ## |after more|than|one year|||||| |---|---|---|---|---|---|---|---| |||||2021|2021|2020|2020| |||||Group|Church|Group|Church| ||||||||5| |Obligations|under|hire purchase|(long-term||||| |portion)
Mortgage|loan (secured):|||798|798|8,498|8,498| |Payable within
1-2years
Payable within 2-5 years
Payable after more than 5 years||||52,080
159,120
578,899|52,080
159,120
578,899|44,400
131,400
661,515|44,400
131,400
661,515| |Other loans||||790,897
37,500|790,897
—|845,813
49,167|845,813| |||||8128397|5790,897|5894,980|8845,813| |Revaluation
reserve|||| |---|---|---|---| |Year ended 37December 202D|||| |Group and Church|||| |Balance brought
forward
Less: Depreciation ofuplift on revaluation|offreehold property||8,857,828| |and improvements
Amortisation
ofuplift on revaluation|oflong leasehold|81,483|| |property||7,990|| ||||(89,473)| |Balance carried forward|||88,768455| |Year ended 31December 2020:|||| |Group and Church|||| |Balance brought forward
Less: Depreciation ofuplift on revaluation|offreehold property||8,947,301| |and improvements
Amortisation
ofuplift on revaluation|oflong leasehold|81,483|| |property||7,990|| ||||(89,473)| |Balance carried forward|||582157,828| ## ## |Year ended 31December 2021:|||||| |---|---|---|---|---|---| |Group and Church|Covid-19
Relief|Love
Westminster|Roof|Mission
and Relief|Total
restricted| ||Fund|Fund|Fund|Fund|funds| |Balance brought forward
Incoming resources for the year
Outgoing
resources for the year
Transfers
(to)/from General Fund|29,964
29,796|1,465|1,000
(6,646)
5,646|69,214
(92,463)
65,000|99,178
30,796
(99,109)
72,111| |Balance carried forward|f59,760|X1,465||$41,751|f102,976| |Year ended 31December 2020:|||||| |Group and Church||Covid-19
Relief|Roof|Mission
and Relief|Total
restricted| |||Fund|Fund|Fund|funds| |Balance brought
forward
Incoming
resources for the year||34,064|45,4I4|63,498
300|63,498
79,778| |Outgoing
resources for the year
Transfers
(to)/from
General Fund||(4,100)|(28,132)
(17,282)|(60,584)
66,000|(92,816)
48,7]8| |Balance carried forward||f29g64||X69r214|599,178| ## ## |Analysis ofnet assets between funds|||| |---|---|---|---| ||General|Restricted|Revaluation| ||fund|funds|reserve| |Tangible fixed assets
Cash at bank and in hand|5,464,442
442,782|102,976|8,768,355| |Other net current assets/(liabilities)
Creditors ofmore than one year|(68,158)
(828,397)||| |Total|55,010,669|8102,976|88,768,355| ## ## ## |Reconciliation ofnet movement
in funds to net cash
from operating activities|2021|2020| |---|---|---| |Net movement
in funds
Add back: Depreciation
and amortisation
charge
Decrease in stock
Decrease in debtors
Increase/(decrease)
in creditors excluding
bank botrowings|(24,464)
225,199
1,500
46,101|(286,401)
230,674
44,769| |and hire purchase|19,158|(73,479)| |Net cash provided
by/(utilised
in) operating activities|f267,494|K(84,437)| ##