EMMANUEL EVANGELICAL CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees prLscnl Iheir rcport and ihe auditLd financial siaiemcnls ol. Ihl Church lor thc ycar ¢ndLd.I I DL'LLmber 2023. The financial siaiLmcnts have bL'cn prcparL.d in ilLcordan¢¥ wilh IhL accounting p()IiLILS ()n PdgLS I l and 14 and ci)Inply wilh IhL Church's Ci)nsliiuiion. 4lpplicablL l£iW and thu %idiLmLlli (If RLcninmLndLd PrdLtiLL 'Accounling and RLpi)rtinbT hy Chariiies" RLference and administraiive inlormatinn sei out on pagty I ronn5 pan ofihis rLpi)ri. Board of Trustets Throughc)ui this report Ihc mcmhers ol Ihc Board ()r Tru51LL.% arl c()IILLlively rLfcrrL,d li) IhL TTU51LL%. ThL Trll%i¥L% arL' respunsihlL a body for guvernance, p(IliLy impllmenialion. mnniioring ul gcnLral conduci. i)vLrall PLrf()Tmance, and for reporting t ihe [ncm.r$h1P al gcneral mLLtings. The TTUStccs dclLgaie opcralional managimLnt ()r Ihe Church to the SLnior Pa%ior. The Trusiees who served during ihL y¢ar, who are also Church Council tncmhcTS, werL d5 r(Ill()wS.' Chairmln-. 8cnior Paslor Peter YLe KoTrg LA)0 Treasurer= Mr Andy Tham (re-appointed 5 Nov 20231 niher Council Members.. Ms France%¢a Hamtnond IrL-app()inied 5 Nov 202.3) Mr RiLhdrd Hindlcy IrL%ignLd .3 I DL'L 202.31 Mr David H%u {appointLd 5 Nav 211231 M.$ Amdndd LawTLnLe lappoiniLd S N()v 202.3) Ms l)lufunintlayo Olakitan Mr P<ilTick Pi)pL IILSlbTned 5 Now 20211 Mr R()hL'rl Prosper Ire%ignid S N£?v 2023) Structsre. governance management Gf)v¢riiing document ThL ChurLh 1% a regisierLd chgrity and is gnv¥rned by ils CnnsiitUli()n adoplcd on 24 MAY 1990 and rcvised on 23 March 1997, 21 2002. 4 July 2011 and 14 July 20 I_B. 1¢4 f()rmLr rLgisiLrn,d nutnbL'r wa5 803024. ThL ChurLh n(Iw (IpLIlIC as a Chari(ahl¢ InLvrporattyd Organisation. lis regislcrcd nUMr 15 now 11541166. Siruclure Thc ChurLh Council Lon5tiluie.% Ihe govcrning hody tsf Ihc Church. Its viiling tncmbcrs are ¢hc legal Tru51cL& ()f Ihc Church. who are <ippuint¢d by ihL C()uncil and Lnd()r%Ld by tnLllibLr% i)r Ihv Lungregatinn ¥iihLr ai IhL ChurLh Annual GenLral MeLTriing or at an Exiraordinary General Mceiing. ThLir appoinimenis and cndorsemcnis arc prLbLribL'd in thc Church Constilulion. Governance The Council Metnhers are responsihlty for overall policies and ensure ih¢ Charity [jrat¢S wiihin IL% ohjLC¢jVLS. Th¥y delegate (D IhL SL'nior Pasi()T and his sial'f iLam.% IhL visivll ()f IhL Church and IhL dli]Y ()PLf421ion.%. A FinanLL and Adminislraiiiin C()mmiitee IF & Al as%isis ihL TrLa%urLr in MKinlS1ng thc finan¢LS i¥l' IhL LhuiLh. EEC Trading LiniiiLd was inL()rporaied titt 12 Nov 2U15 wilh the pur)5¢ af running the businc%s nf EmmanuLI CLnlrc5 of Wc8(n)insiLr and EdgwaTL. EEC Tradinb Limiicd dirLclars who (irL Council Members of EmnianuLI Ev<in¥LIiLal Church IEECI. l.LirilJLr rL%piin%ihiliiiL% IiiT IhL' l)pLrali(Iii i)l- IhL F.ii)m<inuLI LLnir¢s <11 WL%imiii%lLr dnil F.duwdrL WLI-L Iraii%lLrJ'cil I'ri)Jn LL.C L [() Iii L.EQ Tiadin. Lid Jurin¥ ?{117. An H()ni]r'Y CliiLI- I)piraiinbTr {)I'li¢ir ICIX)). whc) 1% il ChurLli n1lm,r. wa.4 4lPPI)IniLII in July 21117 11) ()VLfsLL EEC-frodingt Liinilcd.'I'hL C(K) ].% 4lCLI)uniahlL Iii IhL direclor% L)r LL.( '[ radJn&* l.imiiL(l. ThL F & A Cc)mmillcL is fL%P()n.%iblc for mdrt(igin¥ IhL fjnances c)f IhL Church and i% dirL'LtIy aLCC)unthblL ti? thL ChurLh Council. li SL'IS and rcviLWS.%lall' 4alarie.s in con8uliaiion wilh Ihc Trcasurcr dnLI Ihe Senior Pasior CXCLpi ihai ()f thL %Lni()r P(lOr whi)%L saIlrY is SL'I by IhL Council. Thr()ugh (he TrelsurLr wh() al.%0 'rVeS (L5 ils Chairman, li SMil IhL annual accounts and budgFeis for th¥ appr()val of the Church Council and prtt&entation lo ihe members di a general tTrCLlin8.
EMMANUEL EVANGELICAL CHURCH
REPORT OF THF. TRUSTEES, continued
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure. governance and management. continued
Appoinlmenl of Truslees
A POlLniliI Tru.stee normally gocs Ihrough a pcriod of Iraining as a non-voling ubstirver in th¢ C()uncil. The Council IhLn
dLcidLS his i)r hLr %uiiabiliiy to servc in ihe C()uncil, and his or hLf dPP()Inlmcnt to thc Council is IhLn Lndi)r%ul al a GLnLfdl
McLting ol. IhL ChUh.
Truslee induction and irnining
N¥w TrustLLS takL pari in an in(JuLlion proccss. which providcs ihLm wilh a hriefing and informaiinn i)n Ih¢ir ILgal
ubligaiians undLT Lhariiy and L(Impany law. Ihti L()nlcn( ol-IhL ChurLh cnnstituiion. commi1lLL sifuLlurL (il Ihc B()ard dnd it
LILLi5iDn iiiaking proccss. In (iddili()n, n¥w TrusleLS arc givcn Ihe opportunity to meei wilh siall.. mLmbers ()I' lh¢ ChuTLh
and ()Ihcr TrustLL% us pari of IhL UTiLniaiian.
Organiso¢¢()ii
ThL B(>d af Trustees m¢eis a( ILast six limes per ycar as a full Boord. During th¢ yLar they (iddress IhL foll()wing arcas-.
governan¢c. siraiL8y resources.
Thc siafi ILam Jneeis wLckly for prayLr. planning and implcmLniing Ihe vision of Ihc Church. ()ncL a m()nih. IhL sla
dedildie halfa day in praycr and inierccssinn tor the Church.
Risk maiiagemenl
Th¥ ChurLh Cauncil with ihc assistance of ihl CUO constantly rcvicws proLedurLS for cvalualing thc risk.% as%ociaicd wilh
th¢ Lhuich op¢raiin¥ plan a¢iiViliLs, and also reviews annually all InsurlnLLS. officL. firL and g¥nLral .%alily, and
aliguaiding, as well as th¢ ierms condiiions ofetnploymLnt of starr.
Risk mdnaglment in thL ChurLh'5 mini4iriLs is delLgatcd to ihe Seni()r Pastor and his .%iaff tLam. ThLy have eslablishLd
proccdurL% Ior child pii)tLCtion. All workLr% wilh childrcn and youih are DBS chcLkLd hLfnrc thLy commLnLe IhLir
ministry. Most siaff mLmhLrs are dl5() Iraincd in Iirst aid, 4afLguardinbl, ld firL safLly prncedurL.S.
Objectives and activities
ThL purposL' ()I' IhL Church 1% lo advJnLe IhL Christian I'aiih by thL publicatian and pr()LIaMl(l{lft ()r ihL G()%PLI (?f ihc Gracc
()I' Gud revLalLd in Holy Scripturc in ordLf lu extLnd IhL Chribiian l<li(h in London and y()nd.
ThL Church d whnlly-ownttd %ubsidiary. EEC Trading LimiiL£I. whu5L principal aciiviiy is ihL pri)vi%ii)n ()I' LiinlirL'ncL
laLIIiiiLS and rL'lalLd catering %LfvicLs. Thl annu11 profjis ot. thl %ubsidiiiry arc paid io ihL Chllrih whLrL lin
EMMANUEL EVANGELICAL CHURCH RFPORT OF THE TRUSTEES, continued FOR THE YEAR ENDED 31 DECEMBER 2023 AchievemeRts and performance Overall Th¥ year stl[lLd off wiih WalLhnigh¢ SL'rYicL followed hy six d£iy% ()[ la¥ling and prayer. Apari frnm pn)viding IinlinL sLrvicLS for ¢hL vulncrahlL, .undlY LOOM SL'fviiL.s als() provcd instruniLni(Il in hrlping &¢ekLrs Iii chLLk iTrui bLI'(Irc cvming in p¥rson i() our church. We c()niinucd in 2023 with our vision of 'Enjoying G1, Loving Pcoplc. accnmpanied by our fuur V£ilucs- a LifLStyle ur Warship, Making DisciplLS, Auihcniic Rel1(11}nshIpS and Impaciingi IhL C()mmunity. Ai the tynd of 2022. the membLrship of the Church stood ai_369 and 12 0p]e werc baplisLd durtng ihe yvar. Th¥rL WLfL' 42 professions ()( laiih in iotal whiLh happLn¢d mainly in ihL sire¢is ol. London. 21 Life Gr()ups, di%persed Ihr()ughoui Ihe city* conlinuLd 10 I'unciiun unlinc and in pcrson wilh inni)vaiive ways ()I' LnLuuragcJnLni. dpplying ihe BiblL dnd mLLiing i)ur 5()Lial and cmi)iional nLLds. Thcy werc al%0 invnlvtyd in rL'aLhing ()Ul ¢1) IhLir prc-Chri%lian friLnds ILvan&TLI j.%m) and in nuTturing and huildingi up bLlicvers IdisciplLshipl. Th¥ Lili Gn)up% rLmain Lnjcial huildinbT bl()cks for (I hLalthy ¢hurch. Wtt havL r¢vamtkd Ihe Spirilual Parcnting cour%¥ so ¢hat mLnlOTing bLCI)mLS pari of li aliLr thL folmal Irdining is over. The Covid 19 fund sei up in 2020 coniinued io bc u.%cd in help our mctnbcrs or friLnds of iiur nK'mhLrs wh() arL %ufliring rinancidl hardship. EEC is a churLh which 'invesis' in y()ung IIVLS. ThL Church Lmpli)ys IWC) P<lrt limL slull mcmbcTS dLdicdtLd ti) Ii)()king aliLT Ihc childrL"ll'.% ministry14 - 12 yLar.%l in both churLhLs. ThL vacant PC)S11ii)n lif IhL HLad of Youth f()r WL%iinin51Lr wa% l(ikLn OVLr by ihL Scniar Pastor'% wif¢, who worked on an hiTrn()Tary basi&. Five y()u(h% WCTL ablc la %pcnd 4 days in Tv¢nstr¢¢i ()rganisLd by OM. EEC has a pa%¥ianaic L()nLLrn far ihe local L()mmunily in WLsiminsier. OnL %ldfl mcmbLr is as%ignLd in run Li)mMuni¢y CIIVIIILS. inLluding Col'fLL Morning (for i(xldlLrs and thLir parents) and Hamcw()rk Club Ilor Lhildren 8 - 12 ye£Lfbl. We also run on Friday dfiLrnoi)ns a piugTammc to bring Lo¥nmuniiy ynuih ii)gLihLr in WL51tnin51Lr. While in Edgware. a table Icnnis group and a knitting group Loniinued lo bring the eammuniiy i()gLthLr wilh op)nun111LS to share IhL g()spel. We also rurk a ioddlers Lluh far thu c()mmunily Lhildrcn on Thursday mornings. We held Christmas even15 and a Summer music concuri in boih Edgware and Wcsitninsier to hring thty c()nimuniiy togciher. Wc also carL for Lhe innLr spiritual livcs af Lhe membcrs. and a siat'f mLmk.r ib dtdiLaled to iunning a team of volutL(eers to pray and minis(Lr innLr healing ID MLJn.Ts of the LhurLh who idLntify thLir neLd llir prlyl[ in Iti IhLir IivL¥. WL a15() offer WLII-bLing Support Iv IhL C()mmuniiy IhroubTh praycr. W¥ train mLmbL'rs lu rLmain Lmoliunally spiriludlly hcalihy. MinÉslTy IS a150 given ovcr ihc course of IhL yLar, including a WLckLnd aWly. Thc Haly Spirit evcning caniinues as a wcckly online eveni. The family MinisLry coniinuis ia run #.(x)m wtih a ainiTrg on marriage and onc on pareniing e¥Lh covcring iivcr 4 monihs un a twice a month basls. Phase 310 rLpair thc Wesiminsier roof was SUCCLssfully executed in ihc summer of 2023. The Church hcld a ¢wice-yearly online 24-hi¥ur prayer wcckcnd over 7.Ix)m. OvLr Fas(er.sundly. Richard Hindley was ()fficially ciTrmmi.sii()ned Ici be a bi-vocalional pastor on top of his voluntary rcile as ChiLf OpLraiing l)I'IiLLr. We havc four sessions of BÈhlical HermenLUtics for the Emmanuel S¢h()()l of MKnislry in Sprin8. The 'Walk Thriiugh Ihe Bible, minislry was inviied to minister in our Sunday servicc.
EMMANUEL EVANGELICAL CHURCH REPORT OF THE TRUSTEFS, continued FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and perfOrnnee, eontinued Ar()und cight PLople fro¥n a SUCCLssful privaie hu5iness in Ihc USA ¢ami and laughi d day setninar on Servant LgJdership. A (Lam visiis ihc homLliss in WLslmin%iLf Lvery fvrtnighi. Addiiii)nitlly, WL a150 havc rncmhcrs inv()Iv¢d in ihL ,SirLcl Paslors that minislLr twice a Jn()nih in thL WL.%iminslLr arLa. OvLr Chri4im(i%, IhL Weslminstcr Communiiy Gospel Chc)ir had an LVLning ol. cariil &inging with a lai8L lurnou( from (he Lutnmunily and Londi)nLrs. During IhL %ummcr. we hiisltid four days of summcr aciiviiies r()1 20 childrLn af ihL Ii)cal communily. Thc parcnls wcrc VLry gFrdleful Inr Ihis. In Ihc WLsiminslLr arLa, w¢ WLfL (iblL lo host d Tla pariy in a ne&bY Old FDlk.%' HDJnL. In h()Ih churches, HLaling on ihe Strecis and ouirLaLh continuLd 10 run fortnighily. A ho%pil(ilily tcam ci)niinucd io.%erve in our Sunday services in Ix)ih chur¢hLs givin¥ a warm welcomc ta firsi timL'r% wilh Lup i)f hLvLf(ige and hiscuits. We ihanklul lu God ihai a Lhurch, WL arL <iblL l() coniinue (() gÈvL IO%. of ils incnmL ia mi4sti)ns and Lrisis rLIiLI'. We Pdrtn¥rLd am()ng%i many Christian organisation% %uch as Harves( Mini%1riL in India, .%trLLI Pasii)rs, CMCT Ilndia), Intcrnation<il China C()nLLTll, OpLration M()bilisaiion and LhurchL% that share Ihe samL visivn in thc drLa¥ ()f rLIiLr, cvangLlism Jnd prayLr lor thc GovernmL Trl and naiion. EEC Trading Limiicd which runs thc Emjnanuel Cenlrc pays Teni to the Church. Looking ahead: Plans for 2024 Thc ¢hurLh will continue i() fulfil our church vi%ion. which is 'Enjuying God. Loving P¥nple' with the Lmpha5is Iin Making Discipl¢s usin¥ MaithLW 4..19 a dcfiniiion ()r whdi a disciplc is. Mcnioring and raising ILaders will continue within the Lite Groups as wcll as undLr.%ianding how li) raise up ¢JisLiple makcrs. We will be starting a guspL'I cafi on Iwo Sunday afiernoons a month with an Lmphasis io reaLhin¥ uul to the non-bcliLvLrs Llther direcily from ihc strccts or I'rom our fritynd5. Lif¢ Groups will ¢ontinue io bc th¢ main focal point for evangelism and Spirital nurlure. Richard Hindl¥y will working full litnL as ihe chief vperating offi¢¥r ol. Ihe churLh (Ind £1 bi-vucali()nal pa51or al ihc hcginning of January. Rev C()lin Dye has bL*n invited io be ihe main ConfercThc¢ $aker ai the Eastcr ConfcrL'nce. We will als() bc cxplorinbi i() plan an off sile r()r both thc aderS Reireai 1$ well as a Young Adult's rctreai. WL will be luunching a Wutnan's conference. WL plan to send members on shori ierm mission with Operation mobili110 und cxplorc partncrships with Christhans in laos. The churLh will continue 10 supp()rt mcmbeTS and ihe community in thL lighi DI. high innaiiun (ind financial hardship. Th¢ cenire in Wcstminsier will bc uscd as a resource ceniTL supporling Chrisiian wi)rk and serving (IS a Li?nlerLnLe LenirL. A nlw healing sYsM for ihe Wcsiminstcr church building is schcduled for exe¢uiion in the summLr munihs.
EMMANUEL EVANGELICAL CHURCH REPORT OF THE TRUSTEFS, continued FOR THE YEAR ENDED 31 DECEMBER 2023 Financial overview The Church repi)ris (i surplus for thL flndncial yLar i)r £218,586 c()mparLd to a surplu5 ()[ £746,984 rLP()riLd in ih¥ prLVI()U. rinancial yLar. ThL surplus of £746.984 in ihe prLvi()U% yLar includLd a TLIn on rLvaluatii)n of our Ed&FwarL LhurLh buildinb 01.46.779. Thc principal sourccs of inci)me and rL.la¢ed eApLnditurc in the year sh()wn in thc siaMeDI of FinanLial ALtivilics and Ihe Trotcs included in the f()Ili?wing accounL%. Reserves policy Thty policy of the Trnslecs is io mainiain sutTi¢icni liquid rL'servcs io enable Ihe lulurc dLvclopmtynt and Lxpansi()n of (he mini%iriL5 of IhL ChurLh and ia pr(?vidL for on-gi)ing maintLnancc of the ChurLh'5 frLchold and ILdSLhald pri)p¥rtiLs Ihr()ugh il5 annual hudgeiing PrLs$. Fundraising The Church does nol solicit lunds other Ihan by appcaling 10 mL'mbLrs and attcndees ¢0 honour Ihe prinLipILS (?r giving sct Oul in Ihc Bible, Ld by char¥Yinb third pariiLS fur usL' DI our premi%Ls und fJcililiLs ai n()rmal Li)mmLfLliil rdlL%. ThL ChurLh is %uhjLci i(} Thc Ch117<5 IPmiLcii()n Sacial InvL%imLnil Aci 21116 in Ihis respLcI. ThL ChurLh da¥s n()t uiilisL' ¢hc SLrvices vf rLcognisLd lundraisLrs. ThLTL havL .ert n() c()mplainis reLcived by the Church during IhL yLar in ci)nnLLlI()n wilh fundraising. Thc JninisiLriul dnd pastoral %ldlf cn.%ur¢. Ihrough supcrvi.%ion of oflLrings and review uf rLcurds ul. moniL5 fL'CLived, Ihal vulnLf<iblL Wrfopl¢ arL pr(IlLLtLd. Risk and internal CODtrol Th¥ TruslcLS .%YsILMIIiCa1IY r¥viLW as.%LS% ihL ribks IhL Church faics, and IhL polLnlial inipaci ihLy Inay hdvL Iin thL organisaiion. Thmughnui 2021. Church giving hds been al'liclLd hy ihL Lconnmic uncLriainiy in IhL Luuniry. ThL TrustLc havL C()nsistLnily id¥niiliLd Ihc Icvtyl ol. giiving ds Dn¥ ol. IhL 0rbFanIti()n'% secandary risks, and ihi5 issuL ha¥ bccn Clo[Y moniiorLd and 1ddrL"styd by ¢h¥ Lhurch FinanLe & AdTninistraiion CDmmilleL. The Trustecs and Financ¢ & Administralion Commillee C(wn the risk regisier, which opcrat¢s as a working d(kumeni. During 2023, thc prcsenLe ol RAAC in part ()f thL fiK)f was idL Trlifk¢d at Emmanuel Edgwaie. In vitrw ()[ IhL p()tLnlially ignific41tLt ren&.dial cust5, Ihis was n()lificd tn IhL Charity Commission as a Seriou5 InLidcni in DcccrnlKr 2027. An action plan 1.% Luircnily IL'ing l(IrtRulaltyd io addrLSS ihL i%sue. Going Conctrn Alier LonsidLring Ihe Iollawing arL'as, Ihc Trustees beliLVC Ihc church has adequaie finanLial rcsourLLS lo continue it5 OPLf<ili(IRs I'nr thL f()rLSLLablc fy¢urL IhL 2023 financial PLTfiirman¢¢ i)ur rLSLfvLS Pl)IiLy budget and cash fli)w proje¢iions Ihn)UbTh iu Dc¢cmber 2024. Staten*nt on publie beDefit ThL TrusiLeb confirm thai IhLy have compliLd wilh ihL duty in se¢tion 4 of IhL Chariiies Act 2(M)6 1() havc duc regard lo thc Chariiy C(?mtni55ion's gLneral guidance on publiL t.Lf1t. 'Chariiies and PubliL BLnefit" ThL Church's LhaTilablL purp()4L' 415 Lllshrincd in its i)hjLLtS 15 l() advancc thL Chri%iian faiih hy IhL puhlicaiion and praclamalion ot. IhL G05ptrI ol. Il)L tiraLL ol. God as rLvCa1 in Holy SLripiuie in ()TdLr t(? cxlLtMJ IhL Chri.%lian l£iLih in London and bLyond. ThL Trustee8 en5ur¢ thai Ihi% purpo&e is carried for the public bcnefii through planning and moniioring ttciiviiies hy refercncc lo the Church vision and bif(it¢gy.
EMMANUEL EVANGFLICAL CHURCH
REPORT OF THE TRUSTEES. continued
FOR THI YE4 AR ENDED 31 DECEMBER 2023
Statetrrnt on public benefiL continued
ThL EtruciurL lif Ihc Annual RLP()rl allows (he TrnslcLS lo 'pi)rI i)n IhL pr()grcss of impl¢meniing the .siratL'gy, Lxpl£Lining
ILlivili¢s and £LLhiLvLmcnis durinbT ihL yLar and Ihtt ChuTch's plan% l()r 2024.
Respo5]b]lItieS of the Trustees regarding the financiAI Statennts
ThL TrusiLcs ar¢ rLsp()n%iblc for prLp<wing ihL Tru.%t¢e%' Annual RLPL)n and IhL fin<incial ¥lalLn)cnis in acLI)rdancL with
applicahlL l£lW und UniiLd Kin8dom Acci)uniingT Standard% IUniiLd Kingdvm GLllLrnlly A¢iLPILLI ALLiiuniing PrlI1LL).
The law applicabltr lo chariiiLS in England and WlIL5 rLquirLS ihL TrusiLLS (() prLparL financial siaiLniLni.% lor L(iLh fiftinLii%
ycar which giv¢ a tyUL
EMMANUEL EVANGELICAL CHURCH CONSOLIDAT[4 D STATEMTr NT OF FINANCIA T. AcrivrrIES FOR THE YEAR ENDED 31 DECEMBER 2023 Total runds 2U23 Tothl fuNd5 2022 Unrestrieted Restricted Revaluation funds funds reserve INCOME AND EXPENDITURE Income from: Donaiit>ns and legaci&s INOIL 2a) l)thLr ()tKraiinbi I11¥l(Les INoie 2b) InvLitnK'nls INoiL 2LI 715.2I)6 975,258 720,41.1 Y7.5.258 -38.5 678,161 846,84C) Total Incorne I.),.39 5.1.77 1.696,076 1.525,310 Expenditure on: Rai.sin¥ funds INoi¢ 3a) Chlble aciiviiies (Nnie Ibl 525,628 858,105 525,628 940.509 451.474 113.5,988 82,4( Totsl Expenditure 1,383.711 82.404 1,287.462 Net Incon)ellExpenditurel before Taxation and Transfers -107.206 (77,2671 229.919 277.854 Talln Inule 41 TransfLrs tween funds Inolcs I l and 121 111,353) {11.35.31 137,64YI 8.5.IKM) (89.47?) Net IncomellExpenditure} for ihe yr £3j26 £7,733 £(¥9A73) £218586 £21MI205 Other recognised gain1]0&) Gain nn rL'valuatian of lixcd -f46,779 Net Movement in Funds £)26 ,733 £189A73} £218st16 £746.984 RECONCILIATION OF FUNDS Tothl Funds hroughi forward ai l January 2023 5.312,193 91,130 9,21%.()61 14,628.984 1.3.8R2,(KXI Tothl Funds carried forward at 31 December 2023 £5,611519 £98063 £9,136.1¥8 £14047570 £14ffj28,984 io-
EMMANUEL EVANGELICAL CHURCH CONSOLIDATED BALANCE SHFFT AT 11 DECEMBER 2023 2023 2022 Croup Chureh Group Church Fixed axsets Tangiblc flxcd assets InolL 6} Inve&lmLnL% Inoie 71 14,897.130 14,883.406 14,680,IXM 14.677,665 14,897.110 14,¥83,408 14.680.IXJ4 14,677,()67 Current Dcht()rs In()IL 8) Cash at hdnk in hand 132.7YY 784.970 -fj4.166 51K),510 162,21YJ 4.52,1111 795.IXJ7 917.769 5fl).676 916,9111 614.327 Credito. amounts fal]ing due witbin one year InoiL 91 Creditors and <KLrued expen(Jilurc (245,146} 165,982) (175,0591 16x3951 Net furrent a&Yts 672.62.3 494.694 741,851 545,732 Total assets less furrent liabilities 15569.753 15,378.102 15,421.1355 15,223,3W Creditors: amounts falling due afteT nKire than one year {no 101 1718.7521 1701.2521 1792,4271 (7fv1.62.3) Provisions for liabilitios DttfLJTcd 13.4311 14441 Net ossets £14J4757O £14ffj76JSO £14ffj28,984 £14A58.776 Funds UnrestyiLlvd funds- GenLrdl fund Revaludti()n reservL {nolo I l) 5.612,519 9.1.36,1811 5,441,799 9.136,188 5.112,193 9,225.661 5,141.985 9,225.()61 14,748,707 14577.987 145.37,854 14.367,fA6 R¢5tricied funds In0 12) 14847570 14ffj76050 £14fi28.984 £14A58,776 Approv(xl by ihL Board of TrusiL£S an and signed on Iheir behliif by.. P5tor Peter Y K IA)0 Trustee Mr Andy ThaE Tnte¢ li
EMMANUEL EVANGELICAL CHURCH CONSOLIDATED STATEMF,NT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Net cash provided by operating activities 14 456.092 Cash flows from investing activitie5: IPur¢habL') ul fixiures. fiitings and cquipment 1421,522) 186,1291 Cash (used in) invL5ting aciivili¢s 1421,522} 186,1291 Cash flows from finaneing adivities IRep(iymctJil ol. bank borrawings and HP finance I44.7) 165.7331 Cath lUd inl financing aciivilkL¥ 144,(K]71 165,7331 (Deerease)fincrea5e in cash and ea5h equivaltnts in the year (10,0371 24924Y Cash and cash equivdlcnLs ai Ihe iK'¥inning ol Ihe year 795.1x17 545.7.58 Total cash and £&5h equivalents a¢ the end of the year £784.Y70 £795,111)7 12-
EMMANUEL EVANGELICAL CHURCH NOTES TO THE CONSOLIDATED ACCOUNTS D'OR THE YEAR ENDF.D 11 DECEMBER 2023 Accounting Policies Basis of accijunting ThL Church is a public IL"ntyfi¢ Lniiiy. ThL financial siaiLnK'tLls havc IK¢n prepand undLr IhL hi5turiLlI L()St ci)nvLnti()n m(xlified F>y Ihe TLVdluatic)tt i)r rrL'Lhold and Ic)nb ]L15Lh()1d pr(>tKiny. and in acLiiriliinLL wÈih IhL SidlcmLnt {)[ RLL()tnttkndLd PraLIicL I.SORPI 'A¢L()unling and rcpiwiinbT by Chariiics. prL'paring IhLir lL}unL5 in dCLiirdJncL with Fin(LTrcial RLrKirtin¥ Siandar(I IU2 ihe Charities ALI 2011, and on a going concLrn basis. ThL TruslcLs havL prL'p<ltcd group Li)uniS Èn accorddncL with seLli()n I 78 of ih¥ ChariiiL% ALI 21111. ThL gr(iup dccounis Lonsi)lidaiL Ihi)be ul Emm¢1 EvangLlical ChurLh an£1 ils sub.sidiary undLnaking EEC TrdLlin¥ LimilLLI ISL'L niiiL 7). A bepdfdlL.gtatemLni olFinan¢ial ALiiwiliLs f()r thL ChurLh has n()1 bL'Ln prLKnlcd. bl. Income reeognition Tiihcs and al'fLring5 arc accounted for when received by thc Church. Oiher inLunL' Is C[)untcd for on an accruals IM%is as far as li 1% prlldLni ¢1) dii so. Grants GrInIS arL recognisLd inLomL in IhL financial 1111L[nLnl5 in ihe pLrti)d in whiLh ihLy bLcomL FLccivablL whLn IhLIL is reasOn1b]L Js4urance ihal ihe granis will iK' rccLivcd and IhL ChurLh will Lomply with dliy C()ndilions aiiaching 10 Ihem. d). Recognition of liabilities ALcrued ¢xnd]LUrL has IK'en thken up in thL accnullis al the firlancial y¢ar ¢nd. Fixed a&sets. deprffiation, a7 #mortisation Ik'prcciaiion is providLxI at Ihe following annual rdle4 calculaied io JrducL IhL. b(k v&luL uf the &85cLs canccrncd lo e&ll(cd residual valuL over their Uful working live&'. FrLhold prortY and improvemLtils- 1% on Yaluitliun Lxjng leasLh()Id prorLny- 1% ()n valuthion Fixiures. fillings and wuipmLnl'. FixiuiLs, filting% and PA LquipnKni- i.srkn Iitl C051 KiichLn und cdtL"ring applianLL5- 25% on ¢il nffjce and LompuiLr ¢quipmLnt- Itw.n l.f % (ind 33% on cost Funds Unr¢%iricied funds are funds that havc nai bcLn rLsiriclcd as lo Ihcir use by donors. ThL principul unrc%lriclcd fund is thL gLnLral lund which holds IhosL rerv¢.% of ihL ChuiLh which havty na( tL'Ln dLsignaicd li)r £1 PdrtiLU1 U%L hy IhL Trusiees. DL.5ignated fund% are unresiricted fund% that havL beL'n designaled for a particular use by the TrusiLLS. The revaluaiion rcscrve 18 also part of uRrCstrj¢d I'unds. It reprcsents the uplifi in value whLn ihty Church's propLiniLS arL rcstad in the balancc Sh*1 l()11()witLg a profcs%ional valudll()n. RestriLiLd funds are I'undg Ihai havc beLn restricted as ta iheir use by donors. 13-
EMNIANUEL EVANGELICAL CHURCH NOTES TO THE CONSOLIDATED ACCOUNTS, continued FOR THE YEAR ENDED 31 DECEMBER 2013 Acrounting Policies continued Pension contributions ThL church mdkL% fL'gular L()ntributions ti)ward% ihL PLrsonal pLnsion plan% of lis LmplLiyees in compliance with IhL wurkpl&L PLll5iOn gUlatiOns. Contributions Lhargid ¢0 s(all'cusls as inLUffLd. h). Taxation AS a rL*giislcrLd chdrily. IhL Church 1% gcnLrally LKLtRpl I'rom incnme Idx and capital gain8 tax, but n()1 fTOm valuc addL.d lax. Irr¢covLfdblL valuL' addL'd lax is iludLd in ihc cosi of ihube ilcms to which ii rL.laies. Income Total fund5 2022 Unrestri£ted Restricted runds funds funds 2023 Donations and Itgacifs Tiihes dnd afterin¥s Tax reLovcfiLS 616,745 98,551 621,070 5911,-576 87,7X.S 11116 £715,296 £5.137 £720,433 £678J61 Other operating activities RLni and faciliiy chargLS rcc¢ivable OihLr inLome 966,876 8..182 966.876 837.719 9.127 £975258 IY75258 £846.846 Investments Intcresi receÈvahlc £385 £385 £109 14-
INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF
EMMANUEL EVANGELICAL CHURCH
Opinion
We havL audiiLd ihc financial staiLments of Emmanuel Evun8Llical Church I'ihe parent charily'l and 115 subsidiwie% Ithc
'gr()llp'l fi)r the year LndLd .1 I DLCLmb¢r 2021 whiLh L()tnpri%¢ Ihe ConsolidaiLd Si&ilLtnLnl ()r FinanLidl Aclivilic%. thL
Balancc ShLel, the C()n41)liddlLd .8talvniLlli 171. C<ish Fliiws. and nolLs Iii (hL linuncldl %ldtLmLnl.%. inLluding %ignificant
aceouniing policiLS. ThL fIrkancial rLP()rtinb Iramcwork ihat h41% tk'cn applicd in IhLir preparaiion is £ippliLablL l<LW <ind
UnilLd Kingid()m Accouniing Si£indard.s, including Fin
INDEPENDEKf AUDITOR'S REPORT TO THE TRUSTEKS OF EMMANUEL EVANGELICAL CHURCIL continued Responsibilititt of Tre$ As Lxplaineil morL lully in Ihe Trust.. RLSlX)nsibilitiLs Siaiemeni sei oul pagc 7. th¢ Truslccs are responsible for ihe prL'par(ition ()f finanLi(il %tatcmenis and lur hcing %a¢isfiLd ihai IhLy gavc a iTue and lair VILW, dnd l()r %ULh intLrnal c()nlr()I as Ihe Tru%iLLS JeiLiminL is nLLLSS<lry to LDable (hL pILPtin of Iirbancial &iatLmLtits ihdi drL IrLL t'ri)m maiLrial mis.%iatemeni, whcthcr duL l() fraud or error. In preparing ¢hL flnancial staiem¢nis, the Trusiees are rL'sponsiblc far Is&$1ng ¢he group and parLni chariiy's abiliiy i() coniinu¢ ils u going cc)nLLrn, di5clo%ing. a% appliLablL. lIr5 rL'I(Il¢d i() bT()ing LonLLrn and v%ing ihL giiing L()IlLLrn h£lbiS of <iccounling unlLss the TrusiLL% LiihLr intLnd 10 li4uid<ilL Ihc group or the PnI Lharily ()r Io LLasL OPLfdll()n%. or hdvL ni) rLalisiic aliLrnalivL blli ic) di? s(). Auditor's responsibilities for the audit of the financial Statements We havc bLcn app()intcd as auditor under seciion 151 of ihe Chariiies ALI 201 l and repor¢ in accordanLe wilh rLyuldti(?ns madL undur Lli()n 154 nfih£il ALL. Our nhjeclivLS are ¢0 obtain rL'asnn(Ihle assurance about whcihcr Ihc finan¢ial S11(lmLllt¥ as a wholc arc frcc from maicrial missiaiLmLllt. wheiher dC io frdud ()r crrar, and i() i%suc an audiii)r's rLPLirl thal inLludLS aur opini()n. R¥a%i)nahlL assuiancc is a higTh ILVCI ol. asbur1ce. bui is ntil u guaraniLC thai (In (iudil L()nducLLd in accordancL With l.SAs IUKI will always dLtL¢i a m<ilcrtal nii4sl<ilL¥ncnl when li Lxisls. MisstaiLmLnis L(ill dri%c Iram fraud nr Lrrnr and arL' Ll)n%idered material il. individually or in (h¢ agFgirLgulL. Ihcy could rLas()nably h¢ ¢xtkCiLd io intluLnLL ihL cciinotnic dcci%ions ()t' user. taken on IhL b&51s ol. Ih¢sc financial slalefflcnis. IrrL'gulariiie%, inLluding frauLI. <ifL in%tances Éif n()ll-LOtnpliancL wilh ]lW5 and rLbyuldtinn%. Wty dLsign pn)CLdurLs in linL with ()ur rLsP()n5ibilitlLS. ()uilinLd abnv¥, l() LILILXI malLrial mis%l<ilLmLnl% in rL%PLcI of irr¢gulariiiLS, inclu(ling Iraud. ProcedurL's capablL of delLCting iTTcgulariiiLS PLrliirtnLd during audil inLludLd.. tL%St% Iti ensurL' all blink Iiansaclions havL bLLn accounied for. examinaiion ()fi)ffLrings rL'Liird%. invoicLS and don()r corrcspondence io engure Ihal inLOtnc is fully rccordcd: WLrilJcaiinn of ILgititnacy ofexptrndilure hy rLfLrLnLL lo invaic¢%, staiLmenis. and L()rrL.%p()ndLllLL; Lxamintltion ofiiilL rLcords to cnsurL L&SC(s havc not bLen MisiPPr{)pr1altyd,. IL51s of analy¥i5 la %aiisfy i)ursLIvLS ihai IidgLr balancL5 arc rLa%anahlL in line with CxPCLl1 lion%. BLcausL ()I' Ihe LnhL.ry¢ ILmilalion% ()[ an uudil. IhLre 1.% a risk Ihat we will noi deiLCt all irrLgulariliL%, iLluding IhiisL ledding 10 a malLrial mis%ia¢LmLllt in th¢ financi11 ¥lalLmcnt% nr non-Lomplidncc with rLgulaiion. 'fhi% risk incrL&%¥S (h¥ MUTL ihal LtimplidnC¢ wilh 41 Idw or regulaiiiin rLm()VLd from ihL evLnis and Iran%acli()ns rcflLcILd in Ihty financial stat¢mLntS, wc will bL less likely io lI)ML awarc of insiances ol. non-COtnpliancL. Th¢ risk i5 also grL'aiLr rL'garding irregul<tTilics n¢¢urrinu duc 10 fraud raihcr than crror. as fraud involvcs int¢niinnal conLealmeni, l(Irgery. L()Ilusiun, ()missii)n or misrLpr¥.%Lni(ilion. A further descripiinn ol ()ur restx)nsibilitie5 r()r (hc audit of the finanLial %latcmcntE is pravided an IhL Financial RLw)ning Ci)unLil's WLbsiiL dl www.frc.arg.Ukl<*udil()laud1i-a.%SUranc6laudjIUr--rl'8p[>n8Ihj1iIlc£-rr-[h-adI[-i1l._thL-lI/JeSlfjpiIi)n- of-Ihe-4Ludilnr%E2%80%99%-responsibililies-for. This derIpli0n f()rm.% part af our audiior's repori. Use ofour report Thi5 report i% made solely tu ihc charity's Trustees. 85 a Ix)dy. in accordanLe with Part 4 01 thc Charilics IAccounl% and RL)rtl RLgul(Ili(In5 2008. ()ur audit w()rk has undLrtakLn so ihat we mighi stsie lo IhL chllY s Tru5tLc% ih()sL n)dllLr% wc arL requirL'd i() 51dlL lo thLm in £iudit()r's rLpon and r()r n() i)IhLf PUWSL,. T() Ihe lullesi exieni rermiiicd by law. WL du n()1 aLLLPI ()r assuniL rL%Ex)nsÈbilily Lo yi?L. ()Ih¢r than ihc charity and ihL charity's Tru%lcLs a bLxly. f()r our dudii wi)rk, lor thi% rLPi)n, (>r fi)r the opininns WL have ford. artnership Statutory Auditor Chartered Atcountants 159a Chase Side Enfjeld EN2 OPW DaiL-. 21 Ochbfi/ 202 Gcory Partnership is elibiible to act os an audiior in ILrms of s¢ction 1212 of ihL CumpaTriLs ALt 2006.