OpenCharities

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

2024-03-31-accounts

Emmanuel Church, Leamington Spa CIO

Report and Accounts Year ended 31 March 2024

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

Emmanuel Church, Leamington Spa CIO

CHARITY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2024

Trustees Timothy Mark FRY Matthew SEYMOUR (Chairman from 1 Jan 2024) James Ashley MIDWINTER (Chairman from 1 Jan 2023 until 31 Dec 2023) Oliver David THOMPSON Richard John COLE Andrew Edwin PRYCE Andrew Paul FRY Joseph William JARVIS (appointed 18 October 2023) James SOPER (appointed 18 October 2023, resigned August 2024) Key Staff James Ashley MIDWINTER Matthew SEYMOUR

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 2-7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11-18
Detailed Statement of Financial Activities with Comparatives 19

Page 1

EMMANUEL CHURCH LEAMINGTON SPA CIO

TRUSTEES' ANNUAL REPORT

For the Year Ended 31 March 2024

The Trustees have pleasure in submitting the Report and Accounts for the year to 31 March 2024.

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 – Secretary Andrew Paul FRY Timothy Mark FRY Joseph William JARVIS (From 18/10/23) James Ashley MIDWINTER - Chair until 31/12/23 Andrew Edwin PRYCE Matthew SEYMOUR - Chair from 01/01/24 James Alexander SOPER (From 18/10/23) Oliver David THOMPSON

Page 2

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:

Stuart James CLASPER Timothy IVE (until 23/01/2024 - resigned) Joseph William JARVIS (now an elder from 18/10/23 Gareth NASH Derek Henry PACKMAN (From 18/10/23) David Neil SKIDMORE (Church Treasurer and GDPR Compliance Officer) 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.

Meetings

Weekly in-person meetings (plus Livestream and Microsoft Teams, as required) have been held throughout the year for Divine Worship, prayer, teaching and evangelism. At the Autumn Church Members’ Meeting and in a published summary, reports were received from the leaders of the following activities:

Children and teenagers

Adult ministries

Senior citizens and compassion ministries

Page 3

Mission and evangelism

Administration and ministry

Eldership meetings Diaconate meetings Trustees’ meetings Administration Buildings and Maintenance Media Team Music Team Relocation Team Treasury Team Stewarding and Welcome

Membership

During the year there have been 15 additions to the Membership, (including 0 Associates). 17 left Membership of whom 17 held full Membership. 2 members died. There were 0 baptisms during the year. The total Membership at 31 March 2024 stood at 216 of whom 7 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.

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’ (Year Ending March '24 it was 63%). 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’.

Page 4

Home fellowship groups

Up to seven geographically identified Home Fellowship Groups have continued to meet throughout the year in-person (plus Microsoft Teams as desired). 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 are utilised throughout the week for most of the church activities with North Leamington School hired for Sunday morning worship. 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.

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 groups within the Church at the quarterly Membership Meetings and an Annual Report is published to the wider membership.

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 two part-time Administrators and a part-time Children & Youth Ministry Coordinator. The church has appointed two Women's Ministry Coordinators , both working part-time.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.

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.

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.

Page 5

Financial review

Unrestricted income for the year ended 31 March 2024 was £335,632 (2023: £322,508) and income for the restricted funds was £30,336 (2023: £31,008). Total income was £365,968 (2023: £353,516), which includes gift aid tax recovery of £51,607 (2023: £52,953).

Expenditure for the year excluding expenditure from restricted funds amounted to £336,483 (2023: £327,600) the principal items being ministerial costs, missionary support, various evangelistic activities and maintenance of the church premises. The excess of expenditure over unrestricted income was £851.00 (2023: net income of £5,093).

At 31 March 2024 the restricted development and relocation fund amounted to £690,399 (2023: £660,063)

At 31 March 2024, unrestricted cash in bank accounts amounted to £138,699 (2023: £126,140). 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 2025, 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 Training Fund, previously established has continues to be made available for specific training needs of the church.

Steps continue to be taken to encourage greater commitment to giving through monthly standing orders and online banking services. UK tax payers are also encouraged to Gift Aid for appropriate giving in order that the charity may reclaim monies from HMRC.

Reserves policy

The Trustees have reviewed their Reserves Policy in the light of changing salary and other outgoing commitments and re-calculated a nominal sum of £77,000. This would include:

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. Safeguarding, and Health and Safety is managed through the delgated teams and reviewed with the trustees as necessary. 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.

Page 6

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.

  1. 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

Dec 20, 2024 This report was approved by the Trustees on

and signed on their behalf by:

Richard Cole

Richard Cole (Dec 20, 2024 11:48 GMT) ----------------------------------------------------------------

Richard Cole

Page 7

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 2024 on pages 9 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 11 to 13.

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 (Dec 20, 2024 12:05 GMT)

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: Dec 20, 2024

Page 8

Emmanuel Church, Leamington Spa CIO

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

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 carried forward
12		 Unrestricted
Funds
£
309,844
8,387
17,402
335,632
336,483
336,483
(851)
-
(851)
211,155
210,304		 Restricted
Funds
£
30,336
-
-
30,336
-
-
30,336
-
30,336
660,063
690,399		 Total
Total
Funds
Funds
2024
2023
£
£
340,179
343,060
8,387
1,665
17,402
8,791
365,968
353,516
336,483
329,982
336,483
329,982
29,485
23,534
-
-
29,485
23,534
871,218
847,684
900,703
871,218

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

The notes on page 11-18 form part of these accounts.

Page 9

Emmanuel Church, Leamington Spa CIO

BALANCE SHEET

AS AT 31 MARCH 2024

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
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
73,728
73,728
6,984
138,699
145,683
(9,107)
136,576
210,304
210,304
186,075
24,229
210,304
-
210,304		 Restricted
Funds
£
-
-
-
690,399
690,399
-
690,399
690,399
690,399
-
-
-
690,399
690,399		 Total
Funds
2024
£
73,728
73,728
6,984
829,098
836,082
(9,107)
826,975
900,703
900,703
186,075
24,229
210,304
690,399
900,703		 Total
Funds
2023
£
81,027
81,027
11,973
786,202
798,176
(7,985)
790,191
871,218
871,218
196,240
14,915
211,155
660,063
871,218

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

Richard Cole

Dec 20, 2024

Richard Cole (Dec 20, 2024 11:48 GMT) ______ ______ Richard Cole Date

Charity number: 1164502

The notes on page 11-18 form part of these accounts.

Page 10

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

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

Page 11

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

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.

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.

e) Tangible fixed assets

p ( y )

Equipment Over 3 to 20 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.

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.

Page 12

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

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:

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)		 2024
288,571
51,608
340,179
2024
£
17,402
17,402
2024
£
157,038
22,617
12,804
3,230
4,744
1,969
1,236
3,750
2,684
210,070
69,813
279,883		 2023
£
290,107
52,953
343,060
2023
£
8,791
8,791
2023
£
131,415
15,130
4,839
2,837
2,501
1,470
2,889
2,700
2,218
165,997
94,806
260,803

Page 13

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

b Costs incurred on support & administration Governance costs Independent examiner's fee

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		 3,480
3,480
3,343
2,384
17,632
7,299
1,037
-
1,502
7,524
10,180
2,219
56,600
336,483		 3,500
3,500
9,263
3,126
17,362
9,761
646
2,382
1,247
6,840
12,861
2,192
69,179
329,982

The fee payable to the independent examiner for preparing and examining the accounts was £3,360 (2023: £3,180 examination only). In addition the church paid £210 to Stewardship (2022: £205) for trustee training and consultancy services.

c Grants payable

Grants for UK and overseas mission
Grants for the relief of poverty
Grants for education, including ministry training
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
Grants for education, including ministry training		 Institutions
£
50,190
-
9,675
59,865
Institutions
£
61,187
17,177
8,626
86,990		 Individuals
£
9,073
874
-
9,948
Individuals
£
7,816
-
-
7,816		 2024
£
59,264
874
9,675
69,813
2023
£
69,003
17,177
8,626
94,806

Page 14

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

The charity's principal grants to institutions comprised:

charity's principal grants to institutions comprised:
Asal Chhimekee Nepal
Musawenkosi
UFM Worldwide
Cross Teach
Just Caring
Universities and Colleges Christian Fellowships
Fellowship of Independent Evangelical Churches
Warwick Christian Union
Slavic Gospel Association
OMF International
United Beach Missions
Christian Institute
Christian Prison Resourcing
Open Doors
London Seminary
Grants to institutions for less than £1,000 each		 2024
£
2,000
4,893
14,747
5,526
2,824
1,129
1,374
2,000
3,140
3,687
2,786
1,108
1,000
6,902
4,299
2,450
59,865		 2023
£
-
15,908
6,198
5,376
3,152
1,060
1,290
2,060
27,667
2,584
2,616
1,540
1,000
8,429
3,250
4,860
86,990

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

Gross wages and salaries
Social security
Pension costs		 2024
£
134,744
6,026
13,643
154,413		 2023
£
112,946
4,899
11,260
129,105

The average monthly number of employees during the year was 4 (2023: 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
45,417
-
4,542
James Midwinter
43,469
-
4,542		 2024
£
49,959
48,011
97,970

Page 15

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

The following amounts were payable in the previous year:

Trustees:
Matthew Seymour
James Midwinter
Tangible fixed assets
Cost
At 1 April 2023
Additions
At 31 March 2024
Accumulated depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Wages &
salaries
42,645
42,255
Freehold
Property
£
60,900
-
60,900
8,945
1,107
10,052
50,848
51,955		 Other
employment
benefits
-
-
Fixtures,
fittings and
equipment
£
65,764
-
65,764
42,318
5,067
47,385
18,379
23,446		 Employer
pension
contributions
4,361
4,072
Vehicles
£
23,019
-
23,019
17,393
1,125
18,518
4,501
5,626		 2023
£
47,006
46,327
93,333
Total
2024
£
149,683
-
149,683
68,656
7,299
75,955
73,728
81,027

7 Tangible fixed assets

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
h at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of three months or less)		 2024
£
4,725
2,259
6,984
2024
£
654,916
174,181
829,098		 2023
£
5,329
6,644
11,973
2023
£
617,926
168,276
786,202

Page 16

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

10 Creditors: liabilities falling due within one year

itors: liabilities falling due within one year
Taxation and social security
Other creditors
Grant obligations		 2024
£
948
8,159
-
9,107		 2023
£
1,674
6,311
-
7,985

11 Pension commitments

During the year employer’s pension contributions totalling £13,643 (2023: £11,260) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2023: £nil).

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
2024
£
14,915
14,915
196,240
211,155
660,063
660,063
871,217		 Incoming
resources
2024
£
-
-
335,632
335,632
30,336
30,336
365,968		 Outgoing
resources
2024
£
(52,282)
(52,282)
(284,201)
(336,483)
-
-
(336,483)		 Transfers
in the year
2024
£
61,596
61,596
(61,596)
-
-
-
-		 Gains and
losses
2024
£
-
-
-
-
-
-
-		 Closing
balance
2024
£
24,229
24,229
186,075
210,304
690,399
690,399
900,703

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
£
£
73,728
-
6,984
-
114,470
24,229
(9,107)
-
186,075
24,229
Unrestricted Funds		 Restricted
funds
£
-
-
690,399
-
690,399		 2024
£
73,728
6,984
829,098
(9,107)
900,703

Page 17

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

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
Aggregate of funds		 Opening
balance
2023
£
6,330
6,330
219,917
226,247
621,437
621,437
847,684		 Incoming
resources
2023
£
-
-
322,508
322,508
31,008
31,008
353,516		 Outgoing
resources
2023
£
(70,390)
(70,390)
(257,210)
(327,600)
(2,382)
(2,382)
(329,982)		 Transfers
in the year
2023
£
78,975
78,975
(88,975)
(10,000)
10,000
10,000
-		 Gains and
losses
2023
£
-
-
-
-
-
-
-		 Closing
balance
2023
£
14,915
14,915
196,240
211,155
660,063
660,063
871,218

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
£
£
81,027
-
11,973
-
111,225
14,915
(7,985)
-
196,240
14,915
Unrestricted Funds		 Restricted
funds
£
-
-
660,063
-
660,063		 2023
£
81,027
11,973
786,202
(7,985)
871,218

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

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 2024

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
2024
2024
£
£
309,844
-
8,387
-
17,402
-
335,632
-
284,201
52,282
284,201
52,282
51,431
(52,282)
(61,596)
61,596
(10,165)
9,314
196,240
14,915
186,075
24,229
Unrestricted funds		 Restricted
2024
£
30,336
-
-
30,336
-
-
30,336
-
30,336
660,063
690,399		 Total
2024
£
340,179
8,387
17,402
365,968
336,483
336,483
29,485
-
29,485
871,218
900,703		 General
Designated
2023
2023
£
£
319,625
-
1,665
-
1,218
-
322,508
-
257,210
70,390
257,210
70,390
65,297
(70,390)
(88,975)
78,975
(23,677)
8,585
219,917
6,330
196,240
14,915
Unrestricted funds		 Restricted
2023
£
23,435
-
7,573
31,008
2,382
2,382
28,626
10,000
38,626
621,437
660,063		 Total
2023
£
343,060
1,665
8,791
353,516
329,982
329,982
23,534
-
23,534
847,684
871,218

Page 19