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2022-12-31-accounts

Charity Registration No. 1156523

Company Registration No. 08819716 (England and Wales)

IMMANUEL CHURCH BRENTWOOD

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

PAGES FOR FILING WITH REGISTRAR

IMMANUEL CHURCH BRENTWOOD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Miss A J Drummond
Mrs L E E Fenn
Mrs D J Gilderson
Rev A J Grey
Mr D R A Parsons
Dr M R Smithers
Mr W R Trump
Mr G L Wright
Secretary Mr D R A Parsons
Charity number 1156523
Company number 08819716
Registered office The Bays Ashwells Road
Pilgrims Hatch
Brentwood
Essex
CM15 9SE
Independent examiner Francis James & Partners LLP
1386 London Road
Leigh on Sea
Essex
England
SS9 2UJ
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
England
ME19 4JQ

IMMANUEL CHURCH BRENTWOOD

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 13

IMMANUEL CHURCH BRENTWOOD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and Activities

Objectives and aims

The objects of the church are the advancement of the Christian faith (as more particularly described in the Memorandum and Articles of Association Article 3.1) for the benefit of the public, in particular but not exclusively by: (i) The advancement of Christ's Kingdom by the faithful teaching of the scriptures at Immanuel Church Brentwood and by the recruitment education training and sending of gospel ministers and others around the United Kingdom and abroad to establish and renew Christian churches and ministries related thereto; (ii) The support of any person or persons experiencing need hardship or physical or mental distress; and (iii) The support of Christians who are engaged full-time in the missionary work of proclaiming the gospel and in bringing others to believe in Jesus Christ and to live in accordance with his teaching.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Church Government

Immanuel Church Brentwood is an independent reformed evangelical church. Its doctrinal standard is the Westminster Confession of Faith. It is governed by its Elders and Trustees, assisted by an external Council of Reference.

Volunteers

During the year the activities were dependant upon the volunteer hours received. It has been calculated that this equates to approximately 50 volunteers giving between 1 and 5 hours per week.

Achievements and Performance

Charitable activities

These are fully detailed in the annual report.

Financial Review

Reserves policy

The Church policy is to hold reserves equal to approximately three months fixed overheads.

Details of financial performance are outlined in the annual report.

Structure, Governance and Management

Governing document

The charity is a company limited by guarantee. The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are elected by the members of the Church electoral roll at the annual general meeting.

IMMANUEL CHURCH BRENTWOOD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Miss A J Drummond Mrs L E E Fenn Mrs D J Gilderson Mr J R Green (Resigned 11 January 2022) Rev A J Grey Mr D R A Parsons Dr M R Smithers Mr W R Trump Mr G L Wright

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure

Trustees are either ex officio or elected by the annual church meeting in accordance with the Memorandum and Articles of Association. During the year the following served as members of the Board of trustees:

Minister in charge:

Revd A J Grey

Elders:

Mr G L Wright (Associate Minister)

Dr M R Smithers

Mr J R Green

Mr W R Trump

Trustees:

Mrs L E E Fenn

Mr D R A Parsons (Treasurer)

Mrs D J Gilderson

Miss A J Drummond

Induction and training of new trustees

Trustees are provided with a copy of the Charity Commission guidance "Charity Trustee - what's involved."

IMMANUEL CHURCH BRENTWOOD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees' report was approved by the Board of Trustees.

Mr D R A Parsons Trustee

13 March 2023

IMMANUEL CHURCH BRENTWOOD

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF IMMANUEL CHURCH BRENTWOOD

I report to the trustees on my examination of the financial statements of Immanuel Church Brentwood (the charity) for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Francis James & Partners LLP

1386 London Road Leigh on Sea Essex SS9 2UJ England

Dated: 17 March 2023

IMMANUEL CHURCH BRENTWOOD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and legacies
2
243,893
9,780
Charitable activities
3
46
-
Investments
4
534
-
Total income
244,473
9,780
Expenditure on:
Charitable activities
5
206,379
9,780
Net income for the year/
Net movement in funds
38,094
-
Fund balances at 1 January 2022
563,482
-
Fund balances at 31 December
2022
601,576
-		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
253,673
347,089
900
46
644
-
534
469
-
254,253
348,202
900
216,159
213,897
7,483
38,094
134,305
(6,583)
563,482
429,177
6,583
601,576
563,482
-		 Total
2021
£
347,989
644
469
349,102
221,380
127,722
435,760
563,482

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

IMMANUEL CHURCH BRENTWOOD

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
13
Net assets
Income funds
Unrestricted funds		 2022
£
£
737,860
7,449
138,629
146,078
(21,701)
124,377
862,237
(260,661)
601,576
601,576
601,576		 2021
£
£
709,937
3,818
138,387
142,205
(18,865)
123,340
833,277
(269,795)
563,482
563,482
563,482

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 13 March 2023

Mr D R A Parsons

Trustee

Company registration number 08819716

IMMANUEL CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

Immanuel Church Brentwood is a private company limited by guarantee incorporated in England and Wales. The registered office is The Bays Ashwells Road, Pilgrims Hatch, Brentwood, Essex, CM15 9SE.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

IMMANUEL CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings

None

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

IMMANUEL CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

2 Donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Donations and gifts 243,893 9,780 253,673 347,089 900 347,989

3 Charitable activities

2022 2021
£ £
Bookstall sales 46 644

4 Investments

Interest receivable

Unrestricted Unrestricted
funds funds
2022 2021
£ £
534 469

IMMANUEL CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

5 Charitable activities

Charitable Charitable
Expenditure Expenditure
2022 2021
£ £
Staff costs 104,595 110,264
Rent and accommodation 53,510 45,797
Church running costs 9,267 15,932
Church services and activities 15,626 17,854
Development fund 30,412 28,699
Legal fees 1,129 1,214
Independant examination 1,620 1,620
216,159 221,380
216,159 221,380
Analysis by fund
Unrestricted funds 206,379 213,897
Restricted funds 9,780 7,483
216,159 221,380

6 Trustees

Trustee expenses

Expenses totalling £662 ( 2021 : £793) were paid to trustees during the year.

Trustee remuneration

Remuneration paid to trustees wholly in the capacity as employees totalled £57,602 ( 2021 £55,549.)

No remuneration was paid to individuals in the capacity as trustees ( 2021: nil ).

7 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
4 5
Employment costs 2022 2021
£ £
Wages and salaries 104,595 110,264

IMMANUEL CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Employees

(Continued)

There were no employees whose annual remuneration was more than £60,000.

8 Movement in funds

As Net Movement Net Movement Transfers As
at 01/01/2022 in funds between funds at 31/12/2022
Unrestricted funds
General fund £484,528 £37,494 (£37,000) £485,022
Development fund £65,737 - £37,000 £102,737
Hardship fund £13,217 £600 - £13,817
£563,482 £38,094 - £601,576
Restricted funds
Word alive - - - -
- - - -
Total funds £563,482 £38,094 - £601,576
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund £243,874 (£206,380) £37,494
Development fund - - -
Hardship fund £600 - £600
£244,474 (£206,380) £38,094
Restricted funds
Word alive £9,780 (£9,780) -
£9,780 (£9,780) -
Total funds £254,254 (£216,160) £38,094

IMMANUEL CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

9 Tangible fixed assets

Tangible fixed assets
Freehold land and
Cost
At 1 January 2022
Additions
At 31 December 2022
Carrying amount
At 31 December 2022
At 31 December 2021		 buildings
£
709,937
27,923
737,860
737,860
709,937

No depreciation is provided in respect of the Freehold Property as in the opinion of the trustees the property is regularly maintained to a high standard and is unlikely to fall in value.

10 Debtors

10
Debtors
Amounts falling due within one year:
Other debtors
11
Loans and overdrafts
Other loans
Payable after one year
12
Creditors: amounts falling due within one year
Other creditors
13
Creditors: amounts falling due after more than one year
Borrowings		 2022
£
7,449
2022
£
260,661
260,661
2022
£
21,701
2022
£
260,661		 2021
£
3,818
2021
£
269,795
269,795
2021
£
18,865
2021
£
269,795

IMMANUEL CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

14 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).