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2023-03-31-accounts

Charity Number: 1164734

EMMANUEL CHURCH OXFORD

UNAUDITED FINANCIAL STATEMENTS

31 MARCH 2023

Ben Leach Associates 30 Bute Street Sheffield S10 1UP

EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2023

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.

Senior Leader’s Overview

The year was an encouraging one for the Emmanuel Church community. Having recovered reasonably quickly from the set-backs of the Covid lockdowns in the previous year, Emmanuel began to quickly gain new members and to feel a sense of rising momentum in the early part of the year.

With a significant growth in attendance we decided to continue our frequent ‘Introduction’ and ‘Make Emmanuel Home’ evenings, allowing new attendees an easy and accessible pathway to deeper commitment in the church. This has proved very successful, with many people choosing to take up the invitation and to make Emmanuel their home church. To celebrate these steps we reintroduced the ‘Welcome Sundays’ initiative, creating special moments regularly for new members to be welcomed publicly at a Sunday morning service.

In addition Emmanuel provided an ‘adopt-a-student’ programme, encouraging church households to connect with one student and to adopt that person into their homes for the year. This proved successful and we had many students in deeper relationships as a result.

During the year we said sad farewells to a number of people, as we sent them to new destinations near and far. Two stand-out examples were a family we supported and sent on their way to Thailand, and a single lady who we similarly sent to an African country, both going on Christian mission. We also continued to support and relate to those we have previously sent to other nations.

We also continued to support and encourage our team that had gone from Emmanuel Oxford to plant a new church in Sheffield. We visited them on a number of occasions throughout the year and supported with preaching and leadership development. I called David May by Zoom each week for more personal connection, coaching and encouragement.

The year offered many opportunities to deepen our sense of community. We continued to have monthly ‘Bring & Share’ lunches, which were attended by the majority of the church each time, as well as hosting fun events like the Great Emmanuel Bake Off and the Emmanuel Quiz Night. We also had our annual Family Hog Roast in July – a firm favourite.

It was a busy season in terms of the staff and leadership teams. Our Worship & Events Leader was on maternity leave for much of the period; we had the joy of three interns joining the team from September; and we continued to support David Layen and Ben Hamilton as they completed the Catalyst Leadership Training year. It was also during this period that our Chair of Trustees stepped back and we appointed Dan Farley as his replacement. We also led the church through a process of consultation as we adapted the leadership styles and structures. It was agreed that the next step should be to launch a Core Team to lead Emmanuel. This step created the opportunity to achieve greater representation and breadth in the leadership ‘voice’ and to have men and women, older and younger, singles and couples leading alongside one another. It was also agreed that Emmanuel would adopt the appointment of Deacons to serve alongside the elders and to form part of the new Core Team. We were delighted to appoint our first Deacon, Sue Brockes-Smith, on 13[th] November. Sue’s particular role is to lead Emmanuel’s ‘Serving Our Communities’ ministry – a heart to serve the poorer and more vulnerable members of our wider Oxford community.

It was around this time we also collaborated on and proposed Emmanuel’s new Vision Statement. Together we adopted the phrase ‘Emmanuel is on an adventure, learning to follow Jesus wherever he leads and whatever the cost.’ We agreed that the sense of adventure, obedience and cost was in line with what the church congregation was believing for together.

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2023

Our children’s and youth ministries have gone from strength to strength, with many activities being hosted. Emmanuel took a group of young people away to the Newday Festival in August, hosted a children’s Light Party in October, a Christmas event in December, a Youth weekend away in February, and continued to run a full programme of weekly activities for our kids and youth ministries. Our Children’s and Youth worker, Ben Hamilton, continued to serve the ‘Find Your Fire’ ministry within the city.

The regular work of serving the poor, preaching and teaching, pastoral care and children’s work were all continued with great energy and commitment, as was our partnership with Catalyst, our wider church network, in world mission, training leaders and serving the poor.

Objectives and Activities

Vision and Principal Activities

The main objectives of Emmanuel Church Oxford are the advancement of the Christian religion in accordance with its statement of beliefs and the relief of any charitable need as the Trustees shall determine.

As an outworking of these objectives, Emmanuel Church Oxford is working for the spiritual, social and cultural renewal of Oxford. As a church, we love Oxford and the creativity, beauty and diversity that can be found there. We think everything good points to the Creator who made it, and so we want to celebrate and support what’s good about Oxford when we see it. And where things could be better we want to serve and support those who are working to improve them.

The church’s strategy for working for the spiritual, social and cultural renewal of Oxford, and fulfilling its charitable objectives, focuses on the activities undertaken through its various ministry areas, taking into account the following overarching principles:

In September 2022 Emmanuel adapted its Vision Statement to the revised following statement:

‘Emmanuel is on an adventure, learning to follow Jesus wherever He leads and whatever the cost.’

We are also passionate about working in partnership with other churches and organisations with Oxford and the UK. The groups we work with include:

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2023

The work of Emmanuel Church Oxford relies on the commitment and hard work of its Elders, employed staff and many volunteers, as well as the sacrificial financial giving of church members. Whilst we have an excellent staff team, we could not achieve what we do without the large amount of time and energy invested by our volunteers.

Public Benefit

The church has been described as ‘the largest co-operative society on earth that exists exclusively for the benefit of non-members’. This description fits well with our public benefit policy and, when planning activities for the period and the services available to the local community, the Trustees ensure that they have due regard to the public benefit guidance published by the Charity Commission. The Trustees affirm their commitment to the public benefit and continue to see how this can be developed.

The vast majority of the church’s meetings and events are open to the public and are publicised on our website and/or by email. Individuals in the church are encouraged to invite friends and family as it is a key aim of Emmanuel Church Oxford to attract new people into its various activities so that they can participate in and benefit from all that the church has to offer.

The great majority of the church’s events and activities do not have a charge associated with them. When a charge has to be made, every effort is made (e.g. by using subsidies) to ensure that the cost does not exclude those from whom the activity would be especially beneficial.

Achievements and performance

During the year to 31[st] March 2023, the church undertook the following activities:

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2023

Emmanuel Church Sheffield

Having launched and supported Emmanuel Church Sheffield (“ECS”) in September 2020, we are pleased to report its continued growth and success. ECS is led by Dave and Jude May who clearly heard God about moving to Sheffield and starting a church.

In February 2023, ECS became a registered charity in its own right, and was financially and administratively independent by the end of the financial year.

Sunday Services

Our Sunday services provide an environment in which people can grow spiritually. The church has maintained its aim to present a rounded teaching programme in keeping with the church’s vision, and the church has also been served excellently by several visiting speakers.

The Trustees want to place on record their sincere thanks to the staff team who served the church so brilliantly in providing high quality weekly services for both adults and children.

Our standard format of service comprises worship, notices and teaching, However, we have regularly celebrated communion, and held baby dedications and adult baptisms.

We have had times of corporate prayer and have heard from a number of our church family on various topics. Our Sunday services are open and accessible to everyone, and a signing service is provided for those who are hard of hearing.

Children and Youth

We want to make sure that Sundays are beneficial for everyone, not just adults. Children and young people are a crucial part of the life of the church.

Ben Hamilton, our Children’s and Youth Worker, has provided a high-quality weekly groups for children and a number of family-orientated events which have been very well received.

We are committed to nurturing and safeguarding our children and young people. All of our children's workers and youth workers are required to undergo a Disclosure and Barring Service Check.

Connect Groups

As at 31 March 2023, we had 8 Connect Groups each gathered around a common cause, be that a people, a place or a passion. Connect Groups are the primary way that we help people explore and deepen their faith and make a positive difference in their communities and are open to everyone. We are encouraged by the growing momentum which these groups have.

Prayer and Worship

Prayer and worship have been described as the engine room of church life and are an essential part of our faith and our church. Whilst a large amount of prayer is undertaken through our Connect Groups, we have also held prayer meetings covering a wide range of topics. These have continued to be very significant times for the church.

We have also gathered for prayer and worship evenings which are opportunities for an extended time of sung worship, as well as for those gathered to share how God may be guiding the church or individuals. Whilst the worship team is run on an audition basis and only open to those who are Christians and committed members of the church, all our prayer meetings and worship evenings are open to everyone.

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2023

The church has also run various ‘learning communities’ for people to develop their gifts in areas such as preaching, worship and prophecy.

STEPS Course

Emmanuel has continued to provide the ‘Steps’ course, which is a 12-week course designed to help people find freedom from unhelpful patterns of thought or behaviour. The course was well received and of great benefit to those who attended.

Serving Our Communities

‘Serving Our Communities’ (SOC) is the way in which Emmanuel describes the cluster of ministries and projects which are designed to serve the poorer and more vulnerable members of the wider community in Oxford. Under the leadership of our Deacon, Sue Brockes-Smith, SOC pulls together a number of like-minded projects, such as the CAP Life Skills group, ASIOX, our anti-slavery initiative and the Community Foodbank.

Pastoring

As a church family, we want to take care of each other and help each other through life’s challenges. We offer several ways for such support and encouragement to be provided, including Connect Groups, our Pastoral Team, prayer and ad-hoc and crisis support where required.

Students

We continue to have a number of students who play an active role in several areas in the life of the church. We aim to provide the best possible environment for students to make the most of their time in Oxford and help them to explore faith, build community and enjoy Oxford.

Marriage

We have continued to offer marriage preparation sessions for engaged couples, in which those couples can discuss their relationship with a more experienced married couple in the church.

Serving Teams

Throughout the year, we continued to have various serving teams which are a great way for people to get to know others in the church and to use their gifts and passions that God has given them. Our serving teams include:

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2023

Catalyst Hub

In the year to 31[st] March 2023, we continued to provide substantial support services for the Catalyst Hub (“the Hub”), a group of churches within the Catalyst network whose leaders meet regularly to support and partner with each other’s churches. Late in the year, management of the Hub transferred to the central Catalyst Network, and all relevant assets and liabilities were transferred to this new charity. Prior to this, Emmanuel provided the entirety of the Hub’s financial infrastructure, and a significant amount of time was directed towards the Hub’s operations by Matt Partridge. To highlight the significance of the Catalyst Hub within the church’s finances, the financial activities of the Hub have been disclosed separately on the Statement of Financial Activities, and the Trustees have elected to disclose a comprehensive analysis of the Hub’s spending in the financial year.

The work of the Hub has been vital in furthering the objectives of the church, in establishing and enhancing relationships between Catalyst churches both domestically and internationally.

The Bankside Project

Having become increasingly aware of the growing crisis in Ukraine, Emmanuel began to explore the possibility of becoming a sponsor and offering hospitality to a war-refugee family. In the Spring of 2022 we began an online relationship with a family based in Ukraine and ultimately in the summer of 2022 Emmanuel received the family and sponsored them into the UK Government programme. To achieve this Emmanuel invested in legal advice and also rented a house to accommodate the family. This arrangement has continued and is funded by a blend of local Government sponsorship payments, external grants and internal giving from Emmanuel Church.

Financial Review

Review of financial performance

During the year, total incoming resources amounted to £589,116 (2022: £543,845). The primary component related to donations to the church (£447,016, 2022: £428,422). Contributions by churches and individuals towards the work of the Catalyst Hub totalled £107,011 (2022: £109,039).

Resources expended totalled £685,853 (2022: £522,141), of which £499,630 (2022: £410,976) related to the running of the church and £186,223 (2022: £111,165) related to the activities of the Catalyst Hub.

The charity therefore achieved a deficit of £96,737 (2022: surplus of £21,704). The deficit in the year is largely explained with reference to the closing of restricted funds relating to Emmanuel Church Sheffield and the Catalyst Hub, both of which became independent from Emmanuel Church Oxford in the financial year. The composition of the deficit achieved in the year may be analysed as follows:

Reserves policy

The Trustees have a reserves policy and consider it prudent to maintain sufficient reserves, not invested in tangible assets but kept unrestricted, to enable the payment of normal running costs. This is set at three

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2023

months’ costs. The Trustees deemed it prudent during the period to again increase the amount of reserves as costs continued to rise. The church’s finances are split over five bank accounts.

Structure, governance and management

Governing document

The charity is constituted as a Charitable Incorporated Organisation (CIO) registered with the Charity Commission on 7[th] December 2015. The charity is governed by a constitution adopted on the same date.

Trustees and Leadership

The charity is governed by its Trustees. The following held office in the year to 31[st] March 2023:

The power of appointment or removal of trustees rests with the Trustees and new trustees are selected from the church family. They are well known to the existing Trustees and have demonstrated a high level of commitment and dedication to the vision of the church by the way in which they model and live out the vision and values of the church. Prior to being appointed, any new trustees will meet with the Chair of Trustees and the Lead Elder in order to understand their responsibilities and the framework within which the church operates. This induction will include reading and accepting the policies and guidelines contained in Emmanuel’s Staff Handbook.

The Trustees meet approximately bi-monthly, with the Trustees and Elders meeting together in the other months of the year. The Trustees retain responsibility for the overall strategic decisions of the CIO, and are responsible for approving budgets and monitoring on-going financial performance against those budgets. The Elders and those staff and volunteers overseeing different ministry areas within the church make day-to-day decisions on expenditure and activities.

Emmanuel Church Oxford is led by its Core Team, Elders and Deacons, who provide the functional and spiritual leadership of the church, including responsibility for maintaining the understanding of the Christian faith in accordance with the church’s statement of beliefs and providing pastoral care of the church. The Core Team is responsible for the day-to-day management of the church’s various activities under the oversight of the Trustees.

Staff and Volunteers

The church has a small staff team, which at 31[st] March 2023 comprised the following:

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2023

Internal Controls and Risk Management

The Trustees have overall responsibility for the charity’s internal controls and risk management procedures.

The Trustees recognise that the nature of some of the church’s work requires acceptance and management of some risk in order to achieve its charitable objectives, and are satisfied that systems and controls in place are sufficient to monitor, manage and mitigate the church’s exposure to these risks.

The Trustees regularly review any significant risks facing the church and this review will continue in the coming year.

All major insurable risks are subject to normal churches’ and employers’ insurance. Any contracts entered into on behalf of the church are reviewed before execution in order to ensure that they do not significantly impact the church’s ability to fulfil its objectives.

Reference and Administrative Details

Registered Charity Number 1164734 Principal address Second Floor 1-4 The Plain Oxford Oxfordshire OX4 1AS Trustees Matthew Partridge Daniel Farley (Chair) Timothy Brown Sarah Hayter (resigned 16[th] March 2023) Yvonne Kinyanjui Elders Matthew Partridge Robert Grayson David Layen Independent Examiner Ben Leach Associates 30 Bute Street Sheffield S10 1UP

This report was approved by the Trustees on 26[th] January 2024 and is signed on their behalf by:

Daniel Farley - Trustee

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EMMANUEL CHURCH OXFORD

INDEPENDENT EXAMINER’S REPORT

YEAR ENDED 31 MARCH 2023

Independent Examiner's Report to the Trustees of Emmanuel Church Oxford

I report to the trustees on my examination of the accounts of Emmanuel Church Oxford for the year ended 31[st] March 2023.

Responsibilities and basis of report

As the charity’s trustees 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 your charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  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.

Ben Leach ACA

30 Bute Street Sheffield S10 1UP

26[th] January 2024

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EMMANUEL CHURCH OXFORD

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MARCH 2023

Note
Income from:
Donations and legacies
4
Charitable activities
5
Investments
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net (expenditure)/income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2023
Unrestricted
Funds
Restricted
Funds
Catalyst
Hub
Total
Funds
Unrestricted
Funds
Restricted
Funds
£
£
£
£
£
£
426,110
37,648
5,750
469,508
343,965
87,222
8,015
3,600
107,011
118,626
2,899
-
982
-
-
982
720
-		 2022
Catalyst
Hub
Total
Funds
£
£
-
431,187
109,039
111,938
-
720
435,107
41,248
112,761
589,116
347,584
87,222		 109,039
543,845
453,421
46,209
186,223
685,853
368,410
68,817		 84,914
522,141
453,421
46,209
186,223
685,853
368,410
68,817		 84,914
522,141
(18,314)
(4,961)
(73,462)
(96,737)
(20,826)
18,405
(26,228)
13,028
13,200
-
-
-		 24,125
21,704
-
-
(44,542)
8,067
(60,262)
(96,737)
(20,826)
18,405		 24,125
21,704
219,821
18,727
60,262
298,810
240,647
322		 36,137
277,106
175,279
26,794
-
202,073
219,821
18,727		 60,262
298,810

The statement of financial activities includes all gains and losses recognized in the year. All income and expenditure derive from continuing activities

The notes on pages 13 to 21 form part of these financial statements.

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EMMANUEL CHURCH OXFORD

STATEMENT OF FINANCIAL POSITION

31 MARCH 2023

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one year
14
Net current assets
Total assets less current liabilities
Net assets
Funds of the charity
Unrestricted funds
Restricted funds
Total charity funds
15		 2023
£
£
7,482
11,816
187,140
198,956
(4,365)
194,591
202,073
202,073
175,279
26,794
202,073		 2023
£
£
7,482
11,816
187,140
198,956
(4,365)
194,591
202,073
202,073
175,279
26,794
202,073		 2022
£
9,521
23,186
279,761
198,956
(4,365)		 302,947
(13,658)
194,591 289,289
202,073 298,810
202,073 298,810
175,279
26,794		 219,821
78,989
202,073 298,810

These financial statements were approved by the board of trustees and authorized for issue on 26[th] January 2024 and are signed on behalf of the board by:

Daniel Farley - Trustee

Yvonne Kinyanjui - Trustee

The notes on pages 13 to 21 form part of these financial statements.

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EMMANUEL CHURCH OXFORD

CASH FLOW STATEMENT

31 MARCH 2023

Cash flows from operating activities
Cash (used in)/generated from operations (below)
Cash flows from investing activities
Net disposal/(purchase) of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of the
reporting period
Cash and cash equivalents at the end of the
reporting period		 2023
2022
£
£
(96,036)
11,236
2,433
(4,365)
982
720
3,415
(3,645)
(92,621)
7,591
279,761
272,170
187,140
279,761

Reconciliation of net income to net cash flow from operating activities

Net (expenditure)/income for the reporting period (as
per the Statement of Financial Activities)
Adjustments for:
Depreciation (eliminated)/charged
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Interest received		 2023
2022
£
£
(96,737)
21,704
(394)
2,579
11,370
(15,590)
(9,293)
3,263
(982)
(720)
(96,036)
11,236

The notes on pages 13 to 21 form part of these financial statements.

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2023

1. General information

The charity is a public benefit entity and a charity registered in England and Wales. The address of the registered office is Second Floor, 1-4 The Plain, Oxford, Oxfordshire, OX4 1AS .

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)).

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The are prepared in sterling, which is the functional currency of the charity.

Going Concern

The trustees consider that there are no material uncertainties around the charity’s ability to continue as a going concern.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2023

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

Pension costs

The company offers a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

Income tax

The charity is exempt for taxation on its income and gains where they are to be applied for charitable purposes.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future projects or commitments.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

The trustees have elected to present the restricted fund ‘Catalyst Hub’ separately on the face of the Statement of Financial Activities on the grounds of materiality.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Office Equipment - 15% reducing balance Audio Visual - 15% reducing balance Computer Equipment - 25% straight line

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2023

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

4. Income from donations and legacies

General donations
Specific donations and appeals
Gift aid recoverable
Grants receivable
Services to other organisations		 Total
2023
Total
2022
£
£
308,803
269,231
61,668
85,518
76,545
73,673
21,000
1,000
1,492
1,765
469,508
431,187

5. Income from charitable activities

Contributions towards charitable activities
Contributions towards Catalyst Hub		 Total
2023
Total
2022
£
£
11,615
2,899
107,011
109,039
118,626
111,938

6. Income from investments

Total Total
2023 2022
£ £
Bank interest and dividends 982 720

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2023

7. Expenditure on charitable activities

Note
Church activities:
Core activities
Staff costs
10
Grants paid
12
Serving our communities
Support costs
8
Subtotal
Catalyst Hub
Core activities
Grants paid
12
Travel, accommodation, and meetings
Materials
Subtotal
Total expenditure on charitable activities		 Total
2023
Total
2022
£
£
77,180
27,834
247,630
242,389
100,499
108,267
33,246
-
41,075
32,486
499,630
410,976
21,798
26,251
126,836
71,763
29,549
11,639
8,040
1,512
186,223
111,165
685,853
522,141

8. Analysis of support costs

Office and administrative costs
Governance costs
9. Independent examination fees
Fees payable to the independent examiner for:
Independent examination of the financial
statements		 Total
2023
Total
2022
£
£
33,359
27,986
7,716
4,500
41,075
32,486
2023
2022
£
£
800
2,400

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2023

10. Staff costs

Staff costs were as follows:

Wages and salaries
Social security costs
Pension costs
Amounts payable on contract termination		 Total
2023
Total
2022
£
£
216,356
219,333
13,132
10,289
12,717
12,767
5,425
-
247,630
242,389

No employee earned more than £60,000 during the year.

The key management personnel of the charity comprise the Elders of the church. The total employee benefits of the key management personnel were £175,193 (2022: £168,310).

Average head count 2023
No.
2022
No.
£
8
6

11. Trustee remuneration

In the year ended 31[st] March 2023, as permitted by the constitution of the charity, Matthew Partridge – a trustee of the charity – was remunerated in his capacity as Senior Elder of the church. Remuneration for trustees was as follows:

Wages and salaries
Social security costs
Pension costs		 Total
Total
2023
2022
£
£
56,617
55,162
6,901
6,392
4,173
4,071
67,691
65,625

Within the year, two trustees incurred and were reimbursed for expenses incurred on behalf of the charity. Total expenses reimbursed to trustees in the year totalled £2,564, and consisted of costs incurred by the trustees in relation to travel, pastoral care and the provision of household and other goods in respect of the Bankside Project.

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2023

12. Grants paid

The charity made grants as follows:

Overseas Missionaries
Catalyst Network
Catalyst Network – Earthquake Appeal
Catalyst Network – Ukraine Appeal
Together for Sheffield
Sheffield Hallam CU
Rock Christian Centre
City of Sanctuary
Emmanuel Church Sheffield
Oxford Churches Debt Centre
BeSpace
Sputnik
The Exchange Church, Aylesbury - India Appeal
Asylum Welcome
City Church Sheffield
Kickstart
Other Individuals		 Total
2023
Total
2022
£
£
100,404
73,701
62,502
18,100
14,152
-
713
63,408
600
-
150
-
5,822
-
-
4,958
35,283
-
2,000
2,000
300
1,200
5,000
5,000
-
4,500
-
307
-
300
-
4,958
409
1,598
227,335
180,030

Particulars regarding the overseas missionaries supported by the charity have been omitted to ensure the privacy and safety of those individuals and organisations supported.

13. Tangible fixed assets

Cost
At 1stApril 2022
Additions
Disposals
At 31stMarch 2023
Depreciation
At 1stApril 2022
Charge for the year
Eliminated on disposal
At 31stMarch 2023
Net Book Value
At 31stMarch 2023
At 31stMarch 2022		 Office
Equipment
Audio
Visual
Computer
Equipment
Total
£
£
£
£
1,648
10,234
9,039
20,921
-
1,428
810
2,238
-
(3,305)
(1,366)
(4,671)
1,648
8,357
8,483
18,488
714
5,188
5,498
11,400
140
751
1,320
2,211
-
(1,839)
(766)
(2,605)
854
4,100
6,052
11,006
794
4,257
2,431
7,482
934
5,046
3,541
9,521

- 18 -

EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2023

14. Debtors

Gift aid receivable
Prepayments and accrued income
Other debtors		 2023
2022
£
£
5,835
20,273
2,674
1,813
3,307
1,100
11,816
23,186

15. Creditors: amounts falling due within one year

Accruals and deferred income
Taxation and social security		 2023
2022
£
£
1,486
8,778
2,879
4,880
4,365
13,658

16. Analysis of charitable funds

Unrestricted and designated funds
General funds
Emmanuel Church Sheffield
Restricted funds
Appeals Fund
Catalyst Hub
Ukraine
Ukraine House
Afghan House
Total funds		 At 1st
April
2022
Income
Expenditure
Transfers
At 31st
March
2023
£
£
£
£
£
182,491
343,802
(325,986)
(25,028)
175,279
37,330
91,305
(127,435)
(1,200)
-
219,821
435,107
(453,421)
(26,228)
175,279
16,996
14,554
(15,049)
(16,501)
-
60,262
112,762
(186,224)
13,200
-
350
300
-
-
650
-
24,600
(30,197)
25,597
20,000
1,381
1,793
(962)
3,932
6,144
78,989
154,009
(232,432)
26,228
26,794
298,810
589,116
(685,853)
-
202,073

- 19 -

EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2023

Unrestricted and designated funds
General funds
Emmanuel Church Sheffield
Restricted funds
Appeals Fund
Catalyst Hub
Ukraine
Afghan House
Total funds		 At 1st
April
2021
Income
Expenditure
Transfers
At 31st
March
2022
£
£
£
£
£
184,641
283,931
(286,081)
-
182,491
56,006
63,653
(82,329)
-
37,330
240,647
347,584
(368,410)
-
219,821
47
85,291
(68,342)
-
16,996
36,137
109,039
(84,914)
-
60,262
275
550
(475)
-
350
-
1,381
-
-
1,381
36,459
196,261
(153,731)
-
78,989
277,106
543,845
(522,141)
-
298,810

General funds: Funds which can be used at the discretion of the trustees to further the objectives of the charity.

Emmanuel Church Sheffield: Funds set aside to support the Sheffield church plant launched in September 2020. By 31[st] March 2023, the Emmanuel Church Sheffield had registered as an independent charity, and therefore the full balance of funds held in support of this plant were transferred to the new charity.

Appeals Fund: Funds collected and distributed in support of external appeals and relief efforts.

Catalyst Hub: Funds held to administrate a group of churches (a “hub”) within the Catalyst Network of churches, a member of Newfrontiers. Income received is used to fund international churches and mission projects. By 31[st] March 2023, management of the Hub had transferred to the central Catalyst Network, and therefore the full balance of funds due in support of this venture were transferred to the Catalyst Network.

Ukraine: Funds raised in support of a particular church in Ukraine with whom the charity has a connection through the Catalyst Network.

Ukraine House: Funds raised toward the rental and furnishing of a house in Oxford for a refugee Ukrainian family connected to the church through the Catalyst Network.

Afghan House: Funds raised toward the furnishing of a house in Oxford for a refugee Afghan family.

- 20 -

EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2023

17. Analysis of net assets between funds

Fixed assets
Current assets
Creditors less than 1 year
Net assets
Fixed assets
Current assets
Creditors less than 1 year
Net assets		 Unrestricted
Funds
Restricted
Funds
Total Funds
2023
£
£
£
7,482
-
7,482
172,162
26,794
198,956
(4,365)
-
(4,365)
175,279
26,794
202,073
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
£
£
£
9,521
-
9,521
221,925
81,022
302,947
(11,625)
(2,033)
(13,658)
219,821
78,989
298,810

18. Related party transactions

The charity had no transactions with related parties in the year to 31[st] March 2023, other than those items disclosed in note 11.

- 21 -