OpenCharities

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

2022-03-31-accounts

Emmanuel Church, Leamington Spa CIO

Report and Accounts Year ended 31st March 2022

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

Emmanuel Church, Leamington Spa CIO

CHARITY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2022

Trustees Timothy Mark FRY Bryan Roger JARVIS (resigned 26 January 2022) Matthew SEYMOUR (Chairman from 1 Jan 2022) James Ashley MIDWINTER (Chairman from 1 Jan 2021 until 31 Dec 2021) Oliver David THOMPSON Richard John COLE Andrew Edwin PRYCE Andrew Paul FRY Key Staff James Ashley MIDWINTER Matthew SEYMOUR Leo LUCAS Alison COX

Governing Document

Emmanuel Church, Leamington Spa CIO Constitution and Fellowship Guide adopted by the Church Member’s Meeting on 6 July 2015 and Registered by the Charity Commission on 20 November 2015.

Charity Registration Number 1164502
Principal Address Heath Terrace
Leamington Spa
CV32 5LY
Independent Examiner Lourens du Plessis, ACA CA(SA)
Stewardship
1 Lamb's Passage
London
EC1Y 8AB
Bankers
Barclays Bank PLC		 Nationwide Building Society Loughborough Building Society
150 Parade Kings Park Road 6 High Street
Leamington Spa Moulton Park Loughborough
Warwickshire Northampton LE11 2QB
CV32 4AZ NN3 6NW
Contents Page
Charity Information 1
Trustees' Annual Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10-18
Detailed Statement of Financial Activities with Comparatives 19

Page 1

EMMANUEL CHURCH LEAMINGTON SPA CIO

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2022

The Trustees have pleasure in submitting the Report and Accounts for the year to 31 March 2022.

Objects of the charity

The purposes of the CIO are:

Registration of this Charitable Incorporated Organisation (CIO)

This Charity – Emmanuel Church, Leamington Spa, CIO was registered with the Charity Commission on 20 November 2015 (Reg. No. 1164502), and by a ‘Vesting Declaration by way of Deed’, received all the assets and liabilities of the foregoing charity, Emmanuel Evangelical Church (Leamington Spa) Trust (Reg. No. 1040807) from the effective date of 1 April 2016.

The General Register Office has made the necessary changes to its registers for the continuing church congregation to have the religious description and registration of marriages recorded as Emmanuel Church, Leamington Spa, CIO. The Church operates under the Church Worship number 76821 and Marriage number is 40582.

Governance

New trustees are elected to the role as part of their eldership responsibilities as set out in the Church’s Fellowship Guide and subject to the other provisions under clause 9 of the CIO’s Constitution.

The following trustees have served during the year: Richard John COLE Andrew Paul FRY Timothy Mark FRY Bryan Roger JARVIS – Secretary (resigned 26/01/2022) James Ashley MIDWINTER - Chair until 31/12/2021 Andrew Edwin PRYCE Matthew SEYMOUR - Chair from 01/01/22 Oliver David THOMPSON

Under the Constitution of the CIO and embodied in the Church's Fellowship Guide it was agreed that the elected Deacons of the Church who by virtue of their office were formerly trustees of the Charitable Trust (Reg. No. 1040807), and who still make a major contribution to the responsibilities of leadership within the Church and management of the Charity, should be identified as Associates of the Trustees of the CIO and attend the quarterly Trustees’ Meetings as nonvoting advisors to the Trustees. Those Associate Trustees/Deacons which include the Church Treasurer and GDPR Compliance Officer, serving in the period being reported were:

Timothy IVE Joseph William JARVIS Matthew Edward LUCAS (Church Treasurer until 30/06/21.Resigned 30/6/21) Gareth NASH David Neil SKIDMORE (GDPR Compliance Officer. Church Treasurer from 01/07/21) Richard SPENCER (Resigned 12/04/21) Alastair Malcolm WHEATCROFT

Review of activities

In planning the activities the Trustees have had regard to the guidance on public benefit issued by the Charity Commission. However, the impact of the Covid 19 pandemic and Government lockdown Guidance, impacted all 'inperson' activity until July 2021, at which point these were progressively reinstated as in-person or "hybrid" (Zoom & inperson) from that point onwards.

Page 2

EMMANUEL CHURCH LEAMINGTON SPA CIO

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2022

Meetings

"Hybrid" (Zoom & in-person) have facilitated weekly meetings for Divine Worship, prayer, teaching and evangelism throughout the year. At the Autumn Church Members’ Meeting and in a published summary, reports will be received from the leaders of the following activities:

Children and teenagers (unless otherwise stated, all the below activities resumed in-person or were "hybrid" from September 2021)

Adult ministries

Senior citizens and compassion ministries

• Seniors on Sunday (Resumed in-person but sensitively responded to the periodic outbreaks of COVID locally to cancel events as deemed appropriate)

• Sixty plus - transitioned into "Thursday Luncheon Club" (Meeting in-person but sensitively responded to the periodic outbreaks of COVID locally to cancel events as deemed appropriate)

Mission and evangelism

Administration and ministry (All Teams below continued to keep in touch by Zoom and email) Eldership meetings Diaconate meetings Trustees’ meetings Administration Buildings and Maintenance Media Team Music Team Relocation Team Treasury Team

The Stewarding and Welcome Teams were unable to operate whilst the restictions prevented in-person meetings. Membership changes from 1st April 2022 to 31st March 2022:

During the year there have been 21 additions to membership, including 2 associates. 10 left membership, of whom 8 held full membership. (This includes 3 full members who died.) There were 4 baptisms during the year. The total membership at 31 March 2022 stood at 201, of whom 4 were associates.

Church Leadership: The Elders serving for the period of this Report are synonymous with the Trustees as listed above. Their role is the overall leadership of the Church. They are especially responsible for any gathering for worship on the Lord's Day and other occasions for prayer, fellowship and ministry. They have the solemn responsibility to ensure proper Church discipline according to the Biblical pattern. The Pastors are regarded as one of and one with the Elders. Pastors are elders who are recognised by the Church as those who have been especially called to the ministry of the Word.

Page 3

EMMANUEL CHURCH LEAMINGTON SPA CIO

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2022

Missionary support

The Church has a practice of setting aside 20% of its income for Christian missions distributed on the recommendation of a small Missions Team and approved by the Diaconate who report to the Trustees.

Their task is to ensure that the giving is targeted on those individuals and organisations that are compatible with the church’s statement of faith and the objects of its charitable status. A Missionary Information Board provides Members with background to the various missionary endeavours supported by the Church.

Approximately 50% of this annual sum is allocated to missions with whom the Church has a long-standing commitment and therefore wishes to give ‘regular support’. The remainder is applied to ‘ad hoc’ missions and Christian enterprises that have a specific identified need that accords with the Church’s wider missionary interests.

In addition, from time to time, specific ‘appeals’ are made for membership offerings over and above the 20% commitment to support Christian workers operating in a national or local crisis.

Occasionally folk are brought to the attention of the Church officers because of distressing and unexpected personal circumstances and they can be assisted ‘in confidence’ with financial or material support and the expenditure listed as ‘benevolence’.

Home fellowship groups

Up to nine geographically identified Home Fellowship Groups have continued to meet throughout the year by means of Zoom. The Elders regard Home Fellowship Groups as an important opportunity for Church Members to meet together for Christian fellowship, pastoral care and spiritual growth.

Property

The premises in Heath Terrace have been largely out of use throughout the pandemic restrictions and access to North Leamington School for Sunday morning worship was also cancelled throughout this period. The search for new premises or a building site where new church facilities could be built, has continued through the work of the Relocation Team. The possibility of realising the best value for the Heath Terrace site by working with a developer purchasing 4 Gulistan Road, was considered and explored through consultants and a 'Pre-App' meeting with the local planning authority. Sadly, the outcome reinforced and added restrictions imposed on the site and effectively reduced its potential sale value. The scheme had to be abandoned, and the informal judgements made by the planning authority diminishing the potential value of the property, now present a longer term impact on the Charity's resources to develop its work in new premises, as and when a suitable site is identified.

FUTURE PLANS AND OBJECTIVES

The growth and development of the Church and its activities are kept constantly under review by the Eldership, Diaconate and the various teams with responsibility for specific areas of work. Reports on previous activity and ongoing plans are reported by each group within the Church at the quarterly Membership Meetings and an Annual Report is published to the wider membership. Specific plans currently being developed include:

Ministry: -

The Pastoral team continues to work under great pressure to meet the demands of a growing membership and congregation. The Pastors are supported by a part-time Women’s Pastoral Worker and two part-time Administrators. James Midwinter and Matthew Seymour work together as Co-pastors, equal in responsibility and employment terms. The pastoral work and teaching ministry is driven by them together and the workload shared to reflect their respective strengths and abilities.

Growth: -

The Eldership meets regularly to prayerfully consider future needs and opportunities. This includes reviews of the membership and potential gifts that can be encouraged for leadership, existing and new ministries, and opportunities for new initiatives in Gospel outreach, home fellowship group effectiveness, and church planting possibilities. A process of reflection and consultation is currently underway around the workings of the home fellowship groups.

Mission: -

The Mission Team will continue to explore ways in which 20% of the church’s income can be effectively invested in home and overseas missions both for the propagation of the Gospel and to support practical needs of workers and those to whom they minister. This will be further extended by the taking of specific offerings to support local and international crises that fit within the objects of the charity as they occur from time to time.

Page 4

EMMANUEL CHURCH LEAMINGTON SPA CIO

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2022

Property: -

The Relocation Team’s search continues for suitable sites for Church development through discussions with local property agents, the Local Authority, builders, land owners and property developers to find an alternative solution.

Recognising the need for a major capital investment, the Development and Relocation Fund has been established and is gradually building, through members one-off gifts and regular giving as can be seen from the attached financial statements.

Financial review

Unrestricted income for the year ended 31 March 2022 was £282,163 (2021: £248,314) and income for the restricted funds was £26,458 (2021: £32,415). Total income was £308,621 (2021: £280,728), which includes gift aid tax recovery of £49,820 (2021: £49,150).

Expenditure for the year excluding expenditure from restricted funds amounted to £268,489 (2021: £204,897) the principal items being ministerial costs, missionary support, various evangelistic activities and maintenance of the church premises. The excess of unrestricted income over expenditure was £13,673 (2021: £43,416).

At 31 March 2022 the restricted development and relocation fund amounted to £621,837 (2021: £600,381).

At 31 March 2022, unrestricted cash in bank accounts amounted to £148,801 (2021: £132,743). The Trustees continue to consider the most appropriate use of these funds in the furthering of the Trust's objectives.

For the financial year ending 31 March 2023, the Trustees have established a manageable but challenging budget, bearing in mind the uncertainty over income and expenditure with the prevailing cost of living crisis. The membership has been encouraged to increase giving to ensure the funds ‘break even’ by the end of the financial year but the Deacons will monitor income and expenditure against budget on a monthly basis. The Trustees have also established a prioritised list of minor capital expenditure items that will only be procured when the additional resources are available. The Training Fund, established in the previous financial year, has been used to support Andy Kight through his first year at London Seminary and has continued through the 2021-22 academic year.

The trustees have recognised that the overall impact of the pandemic on income and expediture has meant an operating surplus this year. It is aware that the changing economic environment will impact the church finances differently in the year ahead. Steps continue to be taken to encourage greater commitment to giving through monthly standing orders and online banking services.

Reserves policy

The Trustees have reviewed their Reserves Policy in the light of changing salary and other outgoing commitments and recalculated a nominal sum of £67,000. This would include:

Page 5

EMMANUEL CHURCH LEAMINGTON SPA CIO

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2022

Risk statement

As a Christian Church the Officers try to be faithful in committing all developments, decisions and issues of Church life to the guidance and providence of God. Nonetheless, in accordance with the requirements of the SORP, the Officers of the Church have developed a document which identifies the major risks to which the charity is thought to be exposed and instigated appropriate measures to mitigate those risks. Particular attention has been given to developing clear policies and training programmes to ensure compliance in Safeguarding Children and Vulnerable Adults, Food Hygiene, and the implications of the Disability Discrimination Act 1995. Preparation of budgets followed by careful monitoring through monthly management accounts by the Deacons ensures sufficient resources in the event of adverse financial conditions. A designated Development Fund manages the funds set aside for this specific purpose. A Reserves Policy identifies the financial needs of the Trust in the event of a financial crisis and this is kept under annual review to ensure that it matches the changing needs of the Church.

Trustees' responsibilities

Charity law requires us as Trustees to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year.

We are required to:

  1. Select suitable accounting policies and apply them consistently.

  2. Make judgements and estimates that are reasonable and prudent.

  3. State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts.

  4. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011 and follow the principles in the new edition of the Charity Governance Code.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the Trustees and signed on their behalf by:

Richard Cole

Richard Cole

Date: 8 January 2023

Page 6

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

Emmanuel Church, Leamington Spa CIO ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2022 on pages 8 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 11.

Responsibilities and basis of report

As the charity’s trustees of the Emmanuel Church Leamington Spa CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 the Institute of Chartered Accountants of England and Wales, 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:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

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 accounts to be reached.

Lourens du Plessis

Lourens du Plessis, ACA CA(SA) Member of the Institute of Chartered Accountants in England and Wales (ICAEW)

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 10 January 2023

Page 7

Emmanuel Church, Leamington Spa CIO

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other income
Investments
4
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
279,903
2,074
186
282,163
268,489
268,489
13,674
2,852
16,526
209,721
226,247		 Restricted
Funds
£
25,274
-
1,184
26,458
2,550
2,550
23,908
(2,852)
21,056
600,381
621,437		 Total
Funds
2022
£
305,177
2,074
1,370
308,621
271,039
271,039
37,582
-

37,582
810,102
847,684		 Total
Funds
2021
£
276,751
-
3,978
280,728
211,905
211,905
68,823
-
68,823
741,279
810,102

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

All income and expenditure derive from continuing operations.

The notes on page 10-18 form part of these accounts.

Page 8

Emmanuel Church, Leamington Spa CIO

BALANCE SHEET

AS AT 31 MARCH 2022

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
Net current assets / (liabilities)
Total assets less current liabilities
g
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
80,160
80,160
5,527
148,801
154,328
(8,241)
146,087
226,247
226,247
219,917
6,330
226,247
-
226,247		 Restricted
Funds
£
-
-
-
621,437
621,437
-
621,437
621,437
621,437
-
-
-
621,437
621,437		 Total
Funds
2022
£
80,160
80,160
5,527
770,238
775,765
(8,241)
767,524
847,684
847,684
219,917
6,330
226,247
621,437
847,684		 Total
Funds
2021
£
82,497
82,497
4,624
733,125
737,748
(10,143)
727,605
810,102
810,102
198,050
11,671
209,721
600,381
810,102

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

Richard Cole

Richard Cole Date: 8 January 2023 Charity number: 1164502

The notes on page 10-18 form part of these accounts.

Page 9

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Statutory Information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

Investment income represents income generated by the charity's assets

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

2 Accounting Policies (continued)

The cost of raising funds is not significant and has not been separately disclosed.

Page 10

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £150 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

p ( y )

Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Leased assets

Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

j) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

k) Critical accounting estimates and areas of judgement

ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:

Page 11

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

3 Donations

Donations of cash and similar
Income tax recoverable
4
Investment income
Bank interest
5
Charitable expenditure
a
Costs incurred directly on specific activities
Staff Costs
School Rent
Children's & Student Work
Evangelistic Activities
Church Activities
Catering
Visiting Speakers
Training Fund
Courses
Grants payable (note 5c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Equipment
Minibus running costs
Premises (utilities & maintenance)
Depreciation of tangible fixed assets
Printing & stationery
Options for Heath Terrace
Music copyright
Memberships
Misc (inc Web Site)
Insurance
Total expenditure		 2022
255,357
49,820
305,177
2022
£
1,370
1,370
2022
£
124,427
8,379
2,744
1,711
1,416
878
1,841
8,000
522
149,919
70,528
220,447
3,580
3,580
1,708
2,866
6,887
10,299
1,169
2,550
1,839
6,389
11,337
1,968
50,592
271,039		 2021
£
227,601
49,150
276,751
2021
£
3,978
3,978
2021
£
130,409
-
(133)
1,346
(130)
23
987
5,200
1,619
139,322
30,946
170,267
2,460
2,460
23
1,735
6,379
10,147
1,564
1,200
1,691
6,389
8,256
1,795
41,638
211,905

The fee payable to the independent examiner for preparing and examining the accounts was £3,000 (2021: £2,460 examination only). In addition the church paid £205 to Stewardship (2021: £nil) for trustee training and consultancy services.

Page 12

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

5 Charitable expenditure (continued) c Grants payable

Charitable expenditure (continued)
Grants payable
Grants for UK and overseas mission
Grants for education, including ministry training
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
[
p
y]
Grants for education, including ministry training
The charity's principal grants to institutions comprised:
Latin Link
CCM
Musawenkosi
UFM Worldwide
Cross Teach
Just Caring
Universities and Colleges Christian Fellowships
Fellowship of Independent Evangelical Churches
Reach Across
Warwick Christian Union
Slavic Gospel Association
OMF International
United Beach Missions
Christian Institute
Just Caring Midlands - Christmas
Release International - Harvest
Open Doors
Holbrook Training Fund
Mercy Ships UK Ltd
London Seminary
Lovewise
Good news for Everyone - Gideons
Grants to institutions for less than £1,000 each		 Institutions
£
58,420
6,601
65,021
Institutions
£
29,646
1,000
30,646		 Individuals
£
5,507
-
5,507
Individuals
£
299
-
299
2022
£
4,272
-
5,834
18,265
5,220
2,576
1,030
1,250
2,225
2,050
4,050
3,540
2,544
2,010
-
-
3,772
-
1,000
3,025
1,000
1,275
83
65,021		 2022
£
63,927
6,601
70,528
2021
£
29,946
1,000
30,946
2021
£
2,760
1,250
4,200
200
120
1,050
1,020
30
1,200
-
2,000
-
10
2,000
4,545
2,463
-
1,000
-
-
-
-
6,799
30,646

Page 13

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

Gross wages and salaries
Social security
Pension costs
Other employment benefits		 2022
£
106,611
5,793
10,837
-
123,241		 2021
£
112,271
6,718
10,966
454
130,409

The average monthly number of employees during the year was 4 (2021: 4). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Matthew SEYMOUR
41,004
-
4,199
James MIDWINTER
41,004
-
4,177
Key management connected to trustees:
Leo LUCAS - Daughter of Bryan Jarvis
2,336
-
223		 2022
£
45,203
45,181
2,559
92,943

The following amounts were payable in the previous year:

following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Matthew SEYMOUR
40,200
196
3,929
James MIDWINTER
40,200
257
3,921
Key management connected to trustees:
Leo LUCAS - Daughter of Bryan Jarvis
25,298
-
2,309		 2021
£
44,325
44,379
27,607
116,311

Matthew SEYMOUR and James MIDWINTER served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.

Page 14

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

g

7 Tangible fixed assets

Cost
At 1 April 2021
Additions
At 31 March 2022
Accumulated depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Freehold
Property
£
60,900
-
60,900
6,639
1,169
7,808
53,092
54,261		 Fixtures,
fittings and
equipment
£
47,174
7,962
55,136
27,729
7,372
35,101
20,035
19,445		 Vehicles
£
23,019
-
23,019
14,228
1,758
15,986
7,033
8,791		 Total
2022
£
131,093
7,962
139,055
48,596
10,299
58,895
80,160
82,497

The Church’s freehold property at Heath Terrace was acquired in 1985 and is held at historical cost. The trustees are not aware of any material changes in value since that date.

8 Debtors

Falling due within one year:
Tax recoverable
Other debtors
p y
9
Cash at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of three months or less)		 2022
£
4,361
1,166
5,527
2022
£
634,667
135,571
770,238		 2021
£
4,184
440
4,624
2021
£
91,890
641,235
733,125

10 Creditors: liabilities falling due within one year

itors: liabilities falling due within one year
Taxation and social security
Other creditors
Grant obligations		 2022
£
1,631
5,610
1,000
8,241		 2021
£
2,715
6,428
1,000
10,143

11 Pension commitments

During the year employer’s pension contributions totalling £10,837 (2021: £10,759) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2021: £nil).

Page 15

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

12 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Mission grant fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Development and relocation fund
Aggregate of funds		 Opening
balance
2022
£
11,671
11,671
198,050
209,721
600,381
600,381
810,102		 Incoming
resources
2022
£
53,493
53,493
228,670
282,163
26,458
26,458
308,621		 Outgoing
resources
2022
£
(57,834)
(57,834)
(210,655)
(268,489)
(2,550)
(2,550)
(271,039)		 Transfers
in the year
2022
£
(1,000)
(1,000)
3,852
2,852
(2,852)
(2,852)
-		 Gains and
losses
2022
£
-
-
-
-
-
-		 Closing
balance
2022
£
6,330
6,330
219,917
226,247
621,437
621,437
847,684

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
g
y		 General
Designated
funds
funds
£
£
80,160
-
5,527
-
142,471
6,330
(8,241)
-
219,917
6,330
Unrestricted Funds		 Restricted
funds
£
-
-
621,437
-
621,437		 2022
£
80,160
5,527
770,238
(8,241)
847,684

Page 16

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

12 Funds (continued)

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Mission grant fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Development and relocation fund
Specific Appeals
Aggregate of funds		 Opening
balance
2021
£
7,164
7,164
159,141
166,305
574,975
-
574,975
741,280		 Incoming
resources
2021
£
47,955
47,955
200,358
248,313
25,407
7,008
32,415
280,728		 Outgoing
resources
2021
£
(43,448)
(43,448)
(161,449)
(204,897)
-
(7,008)
(7,008)
(211,905)		 Transfers
in the year
2021
£
-
-
-
-
-
-
-
-		 Gains and
losses
2021
£
-
-
-
-
-
-
-
-		 Closing
balance
2021
£
11,671
11,671
198,050
209,721
600,381
-
600,381
810,102

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
82,497
-
4,624
-
121,072
11,671
(10,143)
-
198,050
11,671
Unrestricted Funds		 Restricted
funds
£
-
-
600,381
-
600,381		 2020
£
82,497
4,624
733,125
(10,143)
810,102

Mission Fund - Designated - Annually the trustees set aside some of the charity's income for grant giving to institutions and individuals who undertake activities that further the charity's own objects. It is anticipated that all of the funds designated for this purpose will be distributed in the new financial year. Relocation and Development Fund - The fund was set up to allow the church to save funds towards a new building/building site for our church. Gifts can be one off gifts to contribute to the capital sum and/or regular standing orders allow us to show to a lender that we can service any mortgage payments

Page 17

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

13 Transactions with related parties During the year the charity:

Except as disclosed in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 18

Emmanuel Church, Leamington Spa CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other income
Investments
4
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 General
Designated
2022
2022
£
£
226,410
53,493
2,074
-
186
-
228,670
53,493
210,655
57,834
210,655
57,834
18,015
(4,341)
3,852
(1,000)
21,867
(5,341)
198,050
11,671
219,917
6,330
Unrestricted funds		 Restricted
2022
£
25,274
-
1,184
26,458
2,550
2,550
23,908
(2,852)
21,056
600,381
621,437		 Total
2022
£
305,177
2,074
1,370
308,621
271,039
271,039
37,582
-
37,582
810,102
847,684		 General
Designated
2021
2021
£
£
200,173
47,955
-
186
200,359
47,955
161,449
43,448
161,449
43,448
38,909
4,507
-
-
38,909
4,507
159,141
7,164
198,050
11,671
Unrestricted funds		 Restricted
2021
£
28,623
3,792
32,415
7,008
7,008
25,407
-
25,407
574,974
600,381		 Total
2021
£
276,751
-
3,978
280,728
211,905
211,905
68,823
-
68,823
741,279
810,102

Page 19