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2025-03-31-accounts

Emmanuel Church, Leamington Spa CIO

Report and Accounts Year ended 31 March 2025

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

Emmanuel Church, Leamington Spa CIO

CHARITY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Key Staff

Timothy Mark FRY Matthew SEYMOUR James Ashley MIDWINTER Oliver David THOMPSON Richard John COLE Andrew Edwin PRYCE Andrew Paul FRY James Alexander SOPER (resigned 16 July 2024) Joseph William JARVIS 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

Independent Examiner Nick Spear ACCA 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 2025

The Trustees have pleasure in submitting the Report and Accounts for the year to 31 March 2025.

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

James Ashley MIDWINTER - Chair from 01/01/25

Andrew Edwin PRYCE

Matthew SEYMOUR - Chair until 01/01/25

James Alexander SOPER - Until 16/07/24, resigned

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 non-voting 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)

Gareth NASH

Tony OBADO (From 17/11/24)

Derek Henry PACKMAN (Until 24/01/25)

David Neil SKIDMORE (Church Treasurer and GDPR Compliance Officer)

Alastair Malcolm WHEATCROFT

Ryan Lindley Percy WORTHINGTON (From 17/11/24)

Review of activities

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 Church Members’ Meetings and published in meeting minutes , reports were received periodically from the leaders of the following activities:

Children and teenagers

Adult ministries

Page 3

• Student Ministries

Senior citizens and compassion ministries

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 39 full members and 3 associate members joined, 13 left membership (11 who held full membership, 2 associate members) and sadly, 1 member died. There were 12 people baptised during the year and Membership at March 31 2025 stood at 244.

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.

Page 4

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 '25 it was 48%). 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

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."

Page 5

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. "

Property

The Relocation Team’s [renamed New Building Project] 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. Talks are at an early stage with Warwick District Council for the purchase of land and proerty in an area the council wishes to develop for housing, small businesse and community amenities.

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

Financial review

Unrestricted income for the year ended 31 March 2025 was £390,733 (2024: £335,632) and income for the restricted funds was £33,647 (2024: £30,336). Total income was £424,380 (2024: £365,968), which includes gift aid tax recovery of £66,607 (2024: £51,608).

Expenditure for the year excluding expenditure from restricted funds amounted to £378,648 (2024: £336,483) 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 £13,585 (2024: net expenditure of £851).

At 31 March 2025 the restricted development and relocation fund amounted to £722,546 (2024: £690,399).

At 31 March 2025, unrestricted cash in bank accounts amounted to £143,578 (2024: £138,699). The Trustees continue to consider the most appropriate use of these funds in the furthering of the Trust's objectives.

budget. 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 continued 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:

Page 6

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 delegated 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.

Trustees' responsibilities

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. 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 on Sep 17, 2025 and signed on their behalf by:

Richard Cole

Richard Cole (Sep 17, 2025 15:27:43 GMT+1) ----------------------------------------------------------------

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 2025 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 Association of Chartered Certified Accountants, 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

  2. 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.

Nick Spear

Nick Spear (Oct 13, 2025 09:13:40 GMT+1)

Nick Spear ACCA Association of Chartered Certified Accountants Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Oct 13, 2025

Page 8

Emmanuel Church, Leamington Spa CIO

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other income
Investments
4
Gains on disposal of fixed assets
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds carried forward
13		 Unrestricted
Funds
£
375,571
730
4,133
10,298
390,733
377,148
377,148
13,585
-
13,585
210,304
223,888		 Restricted
Funds
£
18,361
-
15,285
-
33,647
1,500
1,500
32,147
-
32,147
690,399
722,546		 Total
Funds
2025
£
393,933
730
19,419
10,298
424,380
378,648
378,648
45,731
-
45,731
900,703
946,434		 Total
Funds
2024
£
340,179
8,387
17,402
-
365,968
336,483
336,483
29,485
-
29,485
871,218
900,703

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 2025

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
13
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
78,345
78,345
12,895
143,578
156,473
(10,929)
145,544
223,889
223,889
198,496
25,392
223,888
-
223,888		 Restricted
Funds
£
-
-
-
722,546
722,546
-
722,546
722,546
722,546
-
-
-
722,546
722,546		 Total
Funds
2025
£
78,345
78,345
12,895
866,124
879,019
(10,929)
868,090
946,434
946,434
198,496
25,392
223,888
722,546
946,434		 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

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

Richard Cole

Sep 17, 2025

Richard Cole (Sep 17, 2025 15:27:43 GMT+1)

______ ______ 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 2025

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:

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 2025

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.

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 £1,000 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:

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.

f) Leased assets

g) Pension scheme arrangements

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

Page 12

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

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
Other income
Gains on disposal of:
tangible fixed assets
6
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 6c)		 2025
327,325
66,607
393,933
2025
£
19,419
19,419
2025
£
10,298
10,298
2025
£
183,371
31,114
4,856
3,421
2,109
2,713
1,426
-
3,507
232,516
84,149
316,666		 2024
£
288,571
51,608
340,179
2024
£
17,402
17,402
2024
£
-
-
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

Page 13

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

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		 3,660
3,660
3,991
2,977
17,462
8,130
1,277
1,500
1,541
8,208
10,887
2,350
61,983
378,648		 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

Total expenditure

The fee payable to the independent examiner for preparing and examining the accounts was £3,360 (2024: £3,360). In addition the church paid £210 to Stewardship (2024: £210) 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
£
53,733
-
12,175
65,908
Institutions
£
50,190
-
9,675
59,865		 Individuals
£
17,024
1,218
-
18,241
Individuals
£
9,073
874
-
9,948		 2025
£
70,757
1,218
12,175
84,149
2024
£
59,264
874
9,675
69,813

Page 14

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

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
Centre for Bio-Ethical Reform UK
London Seminary
Grants to institutions for less than £1,000 each		 2025
£
-
4,893
9,493
5,376
2,824
2,129
1,374
2,100
5,912
9,687
4,786
4,108
-
4,877
3,500
3,299
1,550
65,908		 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

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

Gross wages and salaries
Social security
Pension costs		 2025
£
155,321
8,655
15,227
179,203		 2024
£
134,744
6,026
13,643
154,413

The average monthly number of employees during the year was 6 (2024: 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
47,574
-
4,740
James Midwinter
47,574
-
4,758		 2025
£
52,314
52,332
104,646

Page 15

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

The following amounts were payable in the previous year:

Trustees:
Matthew Seymour
James Midwinter
Tangible fixed assets
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Accumulated depreciation
At 1 April 2024
Charge for the year
Eliminated on disposal
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Wages &
salaries
45,417
43,469
Freehold
Property
£
60,900
-
-
60,900
10,052
1,078
-
11,130
49,770
50,848		 Other
employment
benefits
-
-
Fixtures,
fittings and
equipment
£
65,764
-
-
65,764
47,385
3,604
-
50,989
14,775
18,379		 Employer
pension
contributions
4,542
4,542
Vehicles
£
23,019
17,250
(23,019)
17,250
18,518
3,450
(18,517)
3,451
13,799
4,501		 2024
£
49,959
48,011
97,970
Total
2025
£
149,683
17,250
(23,019)
143,914
75,955
8,132
(18,517)
65,569
78,345
73,728

8 Tangible fixed assets

The Church’s freehold property at Heath Terrace was acquired in 1985 and is held at historical cost.

9 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)		 2025
£
11,087
1,807
12,895
2025
£
684,659
181,466
866,124		 2024
£
4,725
2,259
6,984
2024
£
654,916
174,181
829,098

Page 16

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

11 Creditors: liabilities falling due within one year

itors: liabilities falling due within one year
Taxation and social security
Other creditors
Grant obligations		 2025
£
2,887
8,042
-
10,929		 2024
£
948
8,159
-
9,107

12 Pension commitments

During the year employer’s pension contributions totalling £15,227 (2024: £13,643) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2024: £nil).

13 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
2025
£
24,229
24,229
186,075
210,303
690,399
690,399
900,702		 Incoming
resources
2025
£
-
-
390,733
390,733
33,647
33,647
424,380		 Outgoing
resources
2025
£
(77,292)
(77,292)
(299,857)
(377,148)
(1,500)
(1,500)
(378,648)		 Transfers
in the year
2025
£
78,455
78,455
(78,455)
-
-
-
-		 Gains and
losses
2025
£
-
-
-
-
-
-
-		 Closing
balance
2025
£
25,392
25,392
198,496
223,888
722,546
722,546
946,434

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		 General
Designated
funds
funds
£
£
78,345
-
12,895
-
118,186
25,392
(10,929)
-
198,496
25,392
Unrestricted Funds		 Restricted
funds
£
-
-
722,546
-
722,546		 2025
£
78,345
12,895
866,124
(10,929)
946,434

Page 17

Emmanuel Church, Leamington Spa CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

13 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
2024
£
14,915
14,915
196,240
211,155
660,063
660,063
871,218		 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
210,303
690,399
690,399
900,703

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
£
£
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

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 - Restricted - 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

14 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 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other income
Investments
4
Gains on disposal of fixed assets
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 General
Designated
2025
2025
£
£
375,571
-
730
-
4,133
-
10,298
-
390,733
-
299,857
77,292
299,857
77,292
90,876
(77,292)
(78,455)
78,455
12,421
1,163
186,075
24,229
198,496
25,392
Unrestricted funds		 Restricted
2025
£
18,361
-
15,285
-
33,647
1,500
1,500
32,147
-
32,147
690,399
722,546		 Total
2025
£
393,933
730
19,419
10,298
424,380
378,648
378,648
45,731
-
45,731
900,703
946,434		 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

Page 19