Charity Number.. 1164734 EMMANUEL CHURCH OXFORD UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2024 BL. INEYARD Accounlants Ben Leach Associates 30 Bvte Street Sheffield SIOIUP Vineyard Accountants 5 The Chambers Vineyard. Abingdon OX14 3PX
EMMANUEL CHURCH OXFORD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The trustees present their report and the unaudited finanaal statements of the charity for the year ended 31 March 2024. Senior Lezderf5 Overview Building on from the strength of the previous yeai, this veèr proved to be even more encouraging. The church expanded with many new people attending and expressing their commitment to make Emmanuel their home church. Thi5 ha5 been seen in several way5, beyond the obvious addition of rnore people attending the services, including people's willingness to take-on serving roles. participate in financial giving and gener311y become involved in the family life ol the church. We have maintained the use ol'welcome Sunday5, to publicly acknowledge those who have expressed their commitment to the church. During this year we had a tearn ol three intern5 Irom April- Juty and a single intern from Sept- March. 80th teams proved to be a great help, antl Isabel Hosier, who joined the team in September'23, invested in the areas of worship and student ministries. Isabel has beeTh a great asset and has built momentum and growth into both areas. We Saw a 518nilicant growth among the student group within the Church a5 well a5 the development of the worship ministry. largely through the development of the music bands and increased rehearsal times. The students also gathered at weekty Stutlent Nights durin8 term time. The students and youn8 adults had a 8reat weekend away in January'24 and decided to combine with the similar cohort from Emmanuel Church Shettield. making a full and encoura8in8 weekend of more than sixtv attendees. For the first time we also hosted a Youth Weekend in February'24. tskin8 many from the youth group away overnight. We also sent a group of our youth to the Newday Christian youth festival in August'23, where they joined with eight thousand other young people. We have continued to support those who had been sent from Emmanuel to other nations. We have maintained regular contact with ea£h of them Imainly over Zoom calls). and have sou8ht to offer on8oin8 care and investment. As in previous years. we also tontinued to support and entourage our team that had gone from Emmanuel Oxford to plant a new church In Sheffield. We visited them on a number of occasions throu8hout the year and Supported with preaching and leadership development. I called David May by Zoom each week lor more personal connection. coaching and encouragement. We particularly invested in the local congregation by hosting a series of 'Equip Evenings, where we sought to go deeper in teaching and applying ouv biblical values on specific topics. We held three of these in October'23 and a further three in March'24. These were well received. In addition to the Equip Evenings we invited Owen Hylton to V151t and teach Emmanuel in Novernber'23, particularly bringing his heart and skill set io becoming a more COnc11ed church. This included the deepening of our cultural diversity and inclusion. being more intentional at celebrating the multiplicity of ethnic and cultural heritage in the thureh. This was well received and became a dominant theme for the Ma1nder of this vear. A5 in the previous year. we oflered many opportunitie5 to deepen the sense of cornrnunity within the church. We continued to have monthly'Bring & Share. lunthes. which were attended by the majority of the church each time, as well a5 hosting fun events like the Emmanuel Quiz Night. the Kids, Light Party, Kids, Christmas party and the usual Christmas Carol Services. We also had our annual Family Ho8 Roast in July'23. which was very well attended, as ever.
EMMANUEL CHURCH OXFORD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2024 It was a strong year for the staff team. Lauren Enright joined the staff team on a part-time basis. covering the leadership of our Farllilies Ministries. Thi5 included the oversight of the Children's Work and groups. We a150 had the year shared by two intern teams. Sadly Ben Hamilton. our full-time Children's Worker, felt it was time to move on, and he left the stall in February'24. Jenny Smith joined us as a lull-tirne administrator and ha5 proven to be a great addition to the team. David Layen continued to provide excellent line management and direction to the staff team. It was during this year that Jenny Warwick. our part-time Finance Manager, felt it was time to move on, and we decided to outsource our finance funttion at that point to Ben Leach Associates. We were grateful for Jennvs excellent 5UPPOrt in the transition from one to the other. and all has gone very smoothly since. The recent leadership adjustment to a Core Team model has been maintained and expanded very effeCtvely. It has been refreshing to have more voices and perspectives'in-plèrf and we are encouraged to see the fruit of greater representation within the leadership function. We continue to hold to Emmanuel's current Vision Statement. Together we adopted the phr35e'Ernmonuel is on on adventure, leorF>ing iofollowjesus wherever he leods Of)d whotever the cost., We continue to believe that the 5en5e of adventure, obedience and cost is in line with what the church congregation was hoping for tO8ether. In addition, we have publicly owned four tore values that describe how we intend to behave and work together as a church family.. Humble. Courageous. Devoted and Honouring. These have been helpful in creatin8 and shapin8 our shared Culture and expectations. We contlnue to seek to expand our work serving our wider community and, where possible, especially the poor. This is expressed through our Community Toddler Group. Jellytots. our CAP debt centre, the 5ponsor5hip ol è Ukrainian relu8ee lamilyi our partnership and support ol Anti-slavery Inlliaiive Oxford IASIOXI, our support ol two Afghan Houst project5 and more. Obleetlves and Actlvltles Vision and Princi al Activities The main objertives of Emmanuel Church Oxford las defined within its CIO Ctsnstitutionl are 'the advancement of the Christlan religion in accordance with its siatement of beliefs and the relief of any charitable need as the Trustees shall determine" As an outworkSn8 of these oblettsves land referenced aly)vel, Emmanuel Church Oxford Is on on odventure, leorning tofollowjesus whereverhe leads ond whotever the cost. To expand on this, we provide an insight to each aspect below, where we leel that the four core value5 of being Couraleous, Devoted, Honourine and Humble will be helpful We love the idea of ad¥enture- everyone 15 looking for one and God offer5 onel We are keen to See more people connect with rhe Christian faith and we would love to build more lun and joy into our church life. Learning to follow- we are cornrnitted to deeper discipleship. We want to raise. equip and release people. We also believe that joy and fulfillment come ihrough obedience to Jesus. Wherever he lead5- we want to rnodel flexibility and adaptsbility as a church. we are in need of innovation and'gra55 root5, Eiftedne55 to flourish. Whatever the cost- We have often said that the'Awesome is in the Awkward. and we seek to encourage people to be brave irn their obedience to Gcxl.
EMMANUEL CHURCH OXFORD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Release and e of leader5 and ex nsion of the ECO Core Team A continuing goal for Emmanual 15 the expansion of the CoreTeam to include both men and wornen from across the broad scope of the main areas of leadership. Since the appointment of our first Oeacon, we have continued the process of identifying other leaders in the church for consideration into both Deaconship and Eldership, as well as in other functional areas. We've also been seeking to draw others into leadership positions for the first time to support this general process of building better governance. and equipping our senior leaders of the future. Partnerin with others We are a150 pa55ionate about working in partnership with other churches and or8anisations within Oxford and the UK. The groups we work with include.. Newlrontlers- we are part ol Newfrontiers. a family of around 3.CK*) churches in over 80 different nations.. www.newfrontier5to erher.or Catalyst- within Newfrontiers we are a part ol Catalyst. a network 01800 churche5 aiming to make disciples in the nations ol the world.. www.catal sinelwork.or Evangellcal Alliance- we are member5 of the Evangelical Alliance. the umbrella body representing the UK'S two rnillion evangelical Christians.. www.eauk.or Love Oxford- we are c105ely involved with Love Oxford. a group of churches in the centre ol Oxford working to promote unity and £o-working. www.loveoxford.or Asylurn Welcome- we are working with Asylum Welcome. a charity SUPPOrting refugees and asylum seekers in Oxford, to meet the need5 of those who have fled persecution and danger in their own countries and sou8hi refuge in Oxford.. www.ag lum-welcome.or Rtlugte Resour¢t- we are closely invofved with Relu8ee Resource. a Charity working to relieve distress, improve well-bein8 and la£ilitate the integration of relu8ees and asylum seekers in Oxfordshire by providing psycholo8ical. social and practical support.. www.refu eere50urce.or Oxford Churches Debt Cenire- we continue to partner with live other churches in Oxford and Christians Against Poverty ICAPI via the Oxlord Churches Debt Centre to help people in Oxford out of debt. ASIOX- we are partnerin8 with Anti-slavery Initiative Oxford, a 8rovp based in Oxfordshire founded by Iwo members of Emmanuel who have a passion to see human slavery and traffickin8 ended. 'Flnd your Firt'_ this is a bespoke youth programme run in partnership with Viva Doorstops. It aims to build the aspiration, £onliden£e and life skills of vulnerable youn8 people in East Oxford of secondary school age to increase their wellbeing and employability. Wel¢ome Chur¢hes- a national initiative to help churches welcome, inte8rate and supwrt asylum seekers who come to Oxford. 5TEPS- a 12 week, bible-based dlscipleship programme to serve those wantin8 to 80 deeper with Jubllee+- a national nwwork desi8ned to equip and serve local churches to serve the poor and seek The work of Emmanuel Church Oxlord relies on the commitment and hard work of its Core Tearn, Elders. Deacon5, ernployed staff and rnany volunteer5. as well a5 the 53crificial 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.
EMMANUEL CHURCH OXFORD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Public Benefit The church has been described as'the lorge5t ccwperotive50ciety earth thotexi5ts exclu5ivelyfvrthe benefit olnon-membets. This description fits well with our public benefit policy and. when planning activities for the period and the service5 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 cornrnitment to the public benefit and continue to see how this can be developed. The vast majority of the church's meetln85 and events a open to the publit 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. Additionally. the majority of the semions are available online through the wet)siie ai YouTube. The 8reat majorSty 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 le.g. by using 5ubsidiesl to ensure that the cost does not exclude those from whom the acrivity would be especially beneficial. Athltvtments and p•rlormanc• During the year to 315t March 2024, the church undertook the following artivities: Sunda Servic Our Sunday Services provide an tnvironrnènt in which peoplè can grow spiritually. The church ha5 maintained ts aim to present a rounded teaching pro8ramme in keepin8 Wlth ihe church's vision, and the church has also beèn strved txcellently by sèveral visiting speakers. The Trustees want to plate on record their sincere thanks to the staff team who served the church so brilllanily in providin8 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 celebrations and adult baptisms. We have also enriched our services bv occasionally drawinB on liturgical forms of worship for example using the Nicene creed. and praying together more presciiptively. Secondarily to the corporate spiritual value in ihe'reclamètion, of these more formal liturgies, is the greater familiarity and sense of welcome this brings to people who perhaps have had a more formal experience of church. 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 15 provided for those who are hard of hearin& and we have given Ukrainian translation for all audio visual content. Children and Youth We want to rnake sure that Sundays are beneficial for everyone. not just adult5. Children and young people are a crucial part of the life of the church. Ben Harnilton, our Children's and Youth Worker. has provided high-quality weekly group5 for children and a number of family-orientated events which have been very well received. Lau Enright, who took on responsibility for our Childrens, work from Ben in February. has done a fantastic job in providing a new curriculum going forward.
EMMANUEL CHURCH OXFORD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2024 We are committed to nurturing and safeguarding our children and youThg people. All of our children's worker5 and youth workers are requlred to under80 a Disclosure artd Barring Service Check. Connect Grou A5 at 31 March 2024. we had 8 Connect Groups each gathered around a common cause. be that a people, place or a passion. Connert 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 8rowin8 momentum which these 8roups have, particularly in deepenin8 friendships and sharin81supportin8 in one-anothers, highs and lows of lile. Typically. our groups. planned artivities involve sharing on recent prea£hin8 topics and bible passages, as well as testimonies. They also spend quèlity social time tO8ether. Pra er and Worshi 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 lar8e amount of prayer is undertaken throu8h 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, a5 well as for those gathered to share how God may be guiding the church or individuals. Whilst the worshlp team Ss run on an audilion basis, and only open ro those who are Christians and committed members of the church, all our prayer meetings and worship evenings are open to everyone. The churth has also run various'learning communities. for people to develop their8ifts in areas such as preaching, worship and prophecy. In November 2023, we were blessed to receive leachin8 and 8vidance afound race and feconciliation from Owen Hylton. In January to March 2024 we gathered men & women. singles & marrieds. people from non- majority rècial or cultural backgrounds. and listened together to each other's e¥periences within church, and soclety more widely. Further meetings are plaTrned for the summer. These meetings have focussed on Race & Culture, Relational Status and on Men & Wornen within the church and society. These have beeTh standout evenin8s in the year. As we have taken time to understand each other more fvlly, we have become more equipped to love each other well- Ihe fruit is already evident. STEPS Course The course was well received and of great benefit lo those who attended. Servin Our Communities '5ervinE Our Communities, ISOCI is the way in which Emmanuel describes the cluster of ministries and projetts 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 coordinates a number of like-minded project5, such as the CAP Life Skills group and ASIOX. our anti-slavery initiative. Additionally, a small te3m has been given fund5 to 5UPPOrt refugee families (meeting physical Need51 a550ciated with the Oxford-ba5ed HomesWithPurpose charity.
EMMANUEL CHURCH OXFORD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Pastorin A5 a Church family. we want lo lake Care of each other and help each other through life's challenge5. We offer several ways for such support and encouragement to be provided. includin8 Connect Groups. our Pastoral Team. prayer and ad-hoc and cri515 5UPPOrt 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 airn to provide the best P055ible environment for students to make the m05t of their tirne in Oxford and help them to explore faith. build community and enjoy Oxford. Marriè e We have continued to offer marria8e preparation sessions for en8a8ed couples, In which those couples can discuss their relationship with a more experienced married couple in the church. We also support Married couples, and offer time to invest and siren8then iheir relationship tO8ethei. Servin 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 servin8 teams includè,. ChlldrÈn- our children's leams serve our children in our weekly Sunday rneetings.. Setup- the ser-up team helps to 8et our venue ready lor our Sunday services; Welcome- the welcome team make5 sure everyone feels welcorne and comfortable at our Sunday serwices, and helps with communion and the offerin8- Audlo- the audio tearn runs the PA system. working with the worship tearn to make sure everyone can hear what's happening durin8 Sunday seryices; V5suals- the visuals team is responsible lor displaying the son8 lyrics and other visuals durin8 our Sunday services. settin8 up the projector and runnin8 ihe software,. Connect Group Leadershlp- this team is responsible for leadin8 our Connect Groups and does an excellent job in rnaking sure that the Broups achieve their aims- Servlng Our Communltles- these teams are involved in servin8 those in our Ial community who have sought refuge in Oxford. particularly in relation to national relocation programmes for Al8han. Syrian and Ukrainian famllies and servin8 youn8 men Irom Ethiopia and Eritrea. CAP- supporting the Oxlord debt centre and mentoring clients CAP Life skills- provision 018-10 week courses to give ba51C skills in home economics and healthy A¢¢ess- providing our deaf members with signin& lip-reading and touch typing lor our Sunday meetings Catal st Hub In the year to 31, March 2024, Matt Partvidge has continued tts 5etve the Catalyst Hub, which ha5 been vital in furthering the objectives of the church. in establishing and enhancing relationships between Catalyst churches both domestically and interThatitsnally. The income to Emmanuel church from the Catalyst hub fiecES the level of input in time and resources by Matt. The Bankside Pro ect Having become increasingly aware of the erowing crisis in Ukraine. Emmanuel began to explore the possibility of becoming a sponsor and offering hospbtality to a war-refugee fambly. In the Spring of 2022 we began èn
EMMANUEL CHURCH OXFORD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2024 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 programrne. To achieve this Ernrnanuel invested i leg313dvice and also rented a house to accommodate the family. This arrangement has continued and is funded by a blend ol local Government Sponsorship payments. external grants internal givin8 from Emmanuel Church. We are delighted to note that the Ukrainian family have become an integr31 part of the Emmanual family. and we are encouraged to see them Succeed in jobs in the local community. Frnancial Review Review of financial erforrnance During the year, total incomin8 resources amounted to £411.08612023: £589,1161. The primary component related to donation5 to the church IE395,884. 2023.. E469,5081. There were no contribution5 by churches or individuals toward the Catalyst Hub in the year12023-. £107.0111. since the Catalyst Hub had registered a5 an independent charity late in the previous financial year. Resource5 expended totalled £394,15712023.. £685.8531. of which the entirety related to the operational runnin8 of the church12023.. £499,630 to the operational runnin8 of the church and £186,223 to the running costs of the Catalyst Hub). The charity therefore achieved a surplus of £16.92912023: defici¢ of É96.7371. Reserves At ihe end of the financial year, the total reserves of the chafity amounted to £219,CQ212023.. £202,073). consisting of unrestricted lund5 of £210.69212023.. £175.2791 and restricted funds of £8,31012023.. £26,794). The Trustees have a reserves poliry and consider it prudent to maintain sufficient reserve5. not invested in tanglble assets but kept unrestritted, to enable ihe payment of normal runnln8 costs. This is set at three months, c05t5. 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. 5tructurt. 8overnan¢e and manaBtmtnt Governin document The charity is constituted as a Charitable Incorporated Organisation ICIOI re8lStered with the Charitv Commission on 7 December 2015. The chariiy is governed by a constitution adopted on rhe same date. Trustees and Leadershi The charity is governed by it5 Tru5tee5. The following held office in the year to 31" March 2024.. Matthew PartTidge- Matt heads up the Team. elder5hip and staff tearn5, and provides both strategic and visionary leadership. rirnothy Brown- Tim work5 in the Fundraising and Strategic Partner5hip5 tearn for a glob31 charity. Daniel Farley- Dan is a senior director at a leading gene and cell therapy company. Yvonne Kinyanjui- Yvonne woiks in fitbance at a global engineering cornpany.
EMMANUEL CHURCH OXFORD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2024 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 exi5tingTrustee5 and have demonstrated a high level ol 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 bein8 appointed. any new trustees will meet with the Chair of Tru5tee5 and the Lead Elder in order to understand their responsibilities and the framework within which the church operates. This induction will include reading and acceptingthe constitution document. the previous annual report. as well as policie$ 3nd RIdelineS 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 str3te8ic 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 volunteets oveiseein8 different mivistry areas within the church make day-tts-day decisions on expenditure and activities. Emmanuel Church Oxford is led by it5 Core Team. Elders and Deacons, who provide the fursctional and spiritual leadership of the church, includin8 responsibility fof maintainin8 the understandin8 of the Christian faith in ccordance with the church's statement ol beliefs and providing pastoral care of the church. The Core Team 15 responsible lor the day-to-day strateBic and funttional leadership of the churth's various activities with oversight from the Trustees. Staff and Volunteers The church has a small staff team. which in the year to 31$1 March 2024 included the followin8'. Matthew PartTldge- Matt heads up the eldership and statF team and brings both strategic and V15ionary leadership. Matt also seryes thè wider Catalyst lamily and supports sèveral ol their churches both in the UK and overseas. Davld Lay*n Oave is a staff pastor, oversees the oifiee team as well as many projects and ministries. and is part of Emmanuel's pastoral team.. Ben Ham51ton- Ben wa5 our Children's and Youth Worker and supported and Brew our children's and youth work. In February 2024. Ben moved on to a new challen8e lsecular youth workl. It was wonderful to be able to celebrate his time on stall at Emmanuel. He has made a massive contribution to the lives ol our kids and youth over the past seven years. Maddy Elllson - Maddy was our Events and Worship Worker. Maddy headed-up our worship ministry. In January 2024, Maddy moved on to a new challenge Imaternity support within the NHS) following five years orn siaff working across Worship. StudenTS and Events. Lauren Enrighi- Lauren joined the staff team as Familie5 leader in Septernber 2023 Jenny SmltlF Jenny is our ChuKh administrator and P.A. for Matt Partridge. Internal Controls and Risk Mana ement The Trvstees have overall responsibility for the charl$ 1Thrnal 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 tsbjective5, ènd are 5at15fied that systems and contro15 in place are sufficient to monitor. rnanage and mitlgate the church's exposure to these risks. The Trustees regularly review any 5ignihcant ri5k5 facing the church and thi5 review will continue in the coming vear.
EMMANUEL CHURCH OXFORD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2024 All major insurable risks are subjert 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 Adminlstfatlve Detsils Registered Charity Number 1164734 Prln¢lpal address Second Floor 14 The Plain Oxford Oxfordshire OX4 IAS Trustees rimothy 8rown Daniel Farley Ichairl Yvonne Kinyanjui Mairhew Partrid8e Ruth Edwards lappointed iith July 20241 Elders Robert Grayson David Layen Matthew Partrid8e Independent Examlner A N Poyton FcfA Vineyard Accountants 5 The Chambers Vineyard Abinedon-on-Thames OX14 3PX Thi5 report was approved by the Trustees on 27Jan2025 and is signed on their behalf by.. Ic rA4y Daniel Farley- Chairma
EMMANUEL CHURCH OXFORD INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 MARCH 2024 Independent Examiner's Rert to the Trustees of Emrnanuel Church Oxford I report to the trustee5 on My examination of the accounts of Emmanuel Church Oxford 1.the charity") for the vear ended 31" March 2024. Responslbllltles and basls of report As the charity's trustees you are ressN)nsible for the preparation of the accounts in accordance with the requSrernents of the Charities Act 20111.the ACVI. I report in respeci of my examination of the (harl$ accounis carried out under sertion 145 of the Charities Act 20111.the Act~} and In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of rhe Act. Independent examlner's staiement 51nce your charltvs 8ross Income exceeded E250,OC(I your examiner must be a member of a body Ilsted Sn section 145 01 the Act. I can confirm that l am qualified to undertake the examination because l arn a member of the Instltute of Chartered Accountants In En8land and Wales, whlch Is one of the Ilsted bodles. I have completed my examination. I confirm that no material rnatters have come to my attèntion in connection wlth the examlnatlon 8Sving me cause to belleve that in any material $pert.. accountln8 records were not kepi in respect ol the Charity as requlred by section 130 of the Act; or the accounts do not actord with those records,. or the accounts do not complywiih the applicable fequirementstoncernin8 the lorm and content ol accounts set out in the Charities (Accounts and Reports) Regulaiions 21)08 other than any requirement that the accountS8ive a'true and lairview, which is nor a mattel considered as part of an independent examination. I have no concerns and have come across no other matter5 in connertion with the examination to which attention should be drawn in this report in der to enable a proper understandin8 of the actounts to be reached. A N Poyton FC Independent Exarniner Vineyard Accountants 5 The Chambers Vineyard Abingdon-on-Thames OX14 3PX 2710112025 -io-
EMMANUEL CHURCH OXFORD STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 2023 Note Fixed assets Tangible a55ets Current a55ets Debtors Cash at bank and in hand 6.351 7.482 14 29.688 207.993 237.681 125.0301 212,651 11,816 187,140 198,956 14,365 194,591 202,073 202,073 Creditor5'. amount5 falling due within one year Net current assets Total assets less (rrent liabllities Net ossets 15 219.002 219.002 Funds of the charlty Unrestricted funds Restricted funds Total ¢harlty fvnds 210,692 8.310 219,002 175,279 26,794 202,073 16 These financial statement5 were approved by the board oltrustees and authorized for i$5ue on 27Jan2025 and are si8ned on behalf of ihe board bv.. Daniel Farley- Chairman nne ny) jvi- Trustee The notes on pages 14 to 22 form part of these financial statements. -12-
EMMANUEL CHURCH OXFORD CASH FLOW STATEMENT 31 MARCH 2024 2024 2023 Cash Ilows from operating activities Cash generated frornllused inl operations Ibelowl 15.629 196.0361 Cash flows from investing activities Net Ipurchaselldisposal of tangible fixed assets Interest received Net cash provided by investing aclivitie5 11,1501 6,374 5,224 2.433 982 3.415 Chanle In cash and ¢ash egufvalènts In th* reportln8 20,853 192,6211 Cash and cash equlvalents at the beWnnln8 ol the ieportin8 period 187,140 279,761 Cash and Cash equlvalents at the end of the reportlng perlod 207,993 187.140 Retonclllatlon ol nèt Intomt to ntt (ash ftow frorn optratlng acllvlllès 2024 2023 Net incomellejtpenditurel lor the reportin8 ptriod las per the Statement of Financial Activitie51 16.930 196,7371 Adjustments for.. Depreciation chargedlleliminatedl Ilncreasel/decrea5e in debtors lrncreaselldecreasel in creditors lrnterest received 2,281 117,8721 20,664 16,3741 15,629 13941 11,370 19,2931 19821 196,0361 The notes on pages 14 to 22 form part of these financial statements. -13-
EMMANUEL CHURCH OXFORD NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 General Informatlon The charity is a public benefit entity and a charity registerèd in England and Wales. The address of the registered office 15 Second Floor. 14 The Plain. Oxford. Oxford5hire. OX4 IAS. Statement of compliance These financial statement5 have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in ihe UK and the Republic of Ireland,, and ihe 5tatemen¢ of Recommended Practice applicable to charitie5 preparin8 their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211. Ac¢ouniln8 pollcl•$ Basls of preparatlon The financial statements have been prepared on the historical cost basis. The are prepared In 5terlin& which is the functlonal currency of the charlty. Goln8 Concern The tru5tee5 consider that there are ng material uncertaintie5 around the charitys ability to continue a5 a going concern. Incorne Incorne is recogni5ed when the charity has entitlernent to the funds, any perforrnance conditions attached tts the item of income have been met. it is piobable that the income will be received and the amount can be measured reliablv. Expendlture Expendlture is recognlsed once there Is a legal or construrtive obligaiion to make a payment to a thlrd party. It is probable that settlement will be required and the amount of the obligation can be rnea5ured reliably. All costs are allocated to expenditure caiesories refletting the use of ihe resource. Dirett costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activitie5 they contribute to on a reasonable, justifiable and consistent basis. Irrecoverable VAT is charged as a c05t against the activity for which the expenditure was incurred. Debtor5 Trade and other debtors are recognised at the settlement amount due after any trade dlscount Offe. Prepayment5 are valued at the amount prepaid net of anytrade discounts due. Cash ot bank ond In hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three month5 or le55 from the date of acquisition or openin8 of the deposit or sirnilar account. -14-
EMMANUEL CHURCH OXFORD NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 Creditors Creditor5 and provisions are re(08nised where the charity ha5 a present obligation resulting frorn a past event that will probably result in the transler of funds to a third party and thè amount due to settle the obligation can be rnea5ured or estirnated reliably. Creditors and provisions are normally recognised at their settlernent amount after allowing for any trade discounts due. Flnanclal Instruments The charity only ha5 financial assets and financial liabilities of a kind that qualify a5 basic financial instruments. B35ic financial instruments are initially TOgnISed at transaction value and subsequently measured at their 5ettlernent value with the exception ol bank loans which are 5ub5equently reco8ni5ed at amortised c05t U51n8 the effective interest method. Penslon c¢)sts The company offers a defined contribution pension stheme for its employees. There are no further liabilities other than that already recognised in the SOFA. Incom• tam The charity Is exempt for taxation on its income and 8alns where they are to be applled for charltable purposes. Fund a¢¢ountln8 Unrestricted funds are available for use at the discretion of the trustees to furrher any of the charity's purposes. Desi8nated funds are unrestritted funds earmarked by the trustees for particular future projects or cornrnitment5. Restricted funds are subjected to restriction5 on their expenditure declared by the donor or through the terrns of an appeal. and fall into one of two sub-cla5se5.' restricted income lund5 or endowment funds. The trustees have elected to present the restricted fund'catalyst Hub, separately on the face of the Statement ol Flnancial Activities on the 8rounds ol materiality. Tanglble 355ets Tan8ible a55et5 are initially recorded at C05t. and subsequently Stated at C05t les5 any accumulated depreciation and irnpairment1055es. Any tangible a55ets carried at revalued amount5 are recorded at the fair value at the date of revaluation les5 any subsequent accumulated depreciation and subsequent accurnulated impairment losses. Dèprttiation Depreciation is calculated 50 a5 to write off the c05t or valuation of an asset. less its residual value. over the Useful economic life of that a55et as follows.. Office Equipment 15% reducing balan Audio Visual 15% reducing balance Computer Equipment 25% straight line -15-
EMMANUEL CHURCH OXFORD NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 Judgements znd key sour(e5 of estimation uncertainty The preparation ol the financial staternent5 requiTe5 management to rnake judgernent5, e5titnate5 and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other lactors, including expectation5 of future events that are believed to be reasonable under the circumstances. Income from donatlons and le8a¢les TL)tal 2024 Total 2023 General donation5 Specific donations and appeals Gift aid recoverable Grants receivable Services to other organisations 259.120 44.939 60,975 30,600 250 395,884 308.803 61.668 76,545 21,000 1,492 469,508 Intorne frorn charStable artlvbtles Tthal 2024 Total 2023 Contributions towards tharitable adivities Contributions iowards Catalyst Hub 8,828 11,615 107,011 118,626 8,828 Incorne from investrnents Total 2024 Total 2023 Bank interest and dividends 6,374 982 -16-
EMMANUEL CHURCH OXFORD NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 Expenditure on charitable activities Total 2024 Total 2023 Church activities.. Core activities Staff costs Grants paid Serving our communities Support costs Subtotal 63,420 193,717 63,437 19,339 44,144 394,157 77,180 247,630 ILX),499 33,246 41,075 499,630 io Iz Catal st Hub Core activities Grants paid Travel, accomrnodation. and rneetings Materials Subtoial 21,798 126,836 29,549 8,040 186,223 12 Total expendlture on tharltsble artl¥ltles 394,157 685,853 Analy51s of sUPPOrt C05tS Total 2024 Total 2023 Office and administrative cosis Governance costs 32,519 11,625 44,144 33,359 7,716 41,075 Independent e¥amlnatloD fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 800 -17-
EMMANUEL CHURCH OXFORD NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 10. Staff costs siaff costs were as follows: Total 2024 Total 2023 Wages and salaries Social security costs Pension costs Amounts payable on contract termination 173,36S 6.986 13,365 216,356 13.132 12.717 5.425 247,630 193,716 No employee earned more than £60.C((I during the year. The key management personnel of the tharity comprise the Elders of the thurth. The total employee beneflts of the key management personnel were £127.21812023.. £175.1931. 2024 2023 Average head count 11. Trustee remuneratlon In the year ended 31$1 March 2024. as permitted by rhe constitutirjn of the charity, Matthew Parrridge- trustee ol the charity- was remunerated in hi5 capacity as Senior Elder of the church. Rernuneration lor this trustee was as follows.. Total 2024 Total 2023 Wa8e5 and salarie5 Social security costs Pen510n Costs 57,229 6,642 7,216 71,087 53,617 6,901 7,173 67,691 Within the year, two trustees12023.. two tru5teesl incurred and were reirnbur5ed for expense5 incurred on behalf of the charity. Total expenses reimbursed to trusiees in the year totalled £99112023.. E2,5641, and £on515ted of costs incurred by the trustees in relation to travel. pastoral care and children's holiday activitie5. -18-
EMMANUEL CHURCH OXFORD NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 12. Grants paid The charity made grants as follows= Total 2024 Total 2023 Overseas Missionaries Catalyst Network Cat31yst Network- Earthquake Appeal Cat31yst Network- Ukraine Appeal Together for Sheffield Sheffield Hallam CU Rock Christian Centre Emmanuel Church Sheffield Oxford Churches Debt Centre BeSp3ce Sputnik Anti Slavery Initiative Oxford Christ Church London- STEPS Programmè 35.250 19.800 100,404 62.502 14.152 713 600 Iso 5.822 35.283 2,000 300 5.000 2,679 450 1,958 63,437 Other Individua15 409 227,335 Particulars regardin8 the overseas missionaries 5UPPOrted by the charity have been omitted to ensure the privacy and safety of rhose individuals and organisatiL$ SUPPOrted. 13. Tan8lble f5xed a55ets Offite Equipment Audio Visual Computer Equipment Total Cost At I" April 2023 Additions Di5P05a15 At 31" March 2024 8,357 8,483 1,150 18,488 1,150 8,357 9,633 19,638 Depreclatlon At I, April 2023 Charge for the year Eliminated on disposal At 31" March 2024 854 119 4.1] 639 6.052 1.523 11.006 2.281 973 4.739 7.575 13,287 Net Book Value At 31" March 2024 675 3.618 2.058 6.351 At 31" March 2023 794 4.257 2.431 7A82 -19-
EMMANUEL CHURCH OXFORD NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 14. Debtors 2024 2023 Gift aid receivable Prepayments and accrued income Other debtors 17,304 8,550 3,834 29,688 5,835 2,674 3,307 11,816 15, Credltors: amounts falllng due wlthln on¢ year 2024 2023 Accounts payable Accruals and deferred income T3xation and social security 17,635 2,922 4,473 25,030 1,486 2,879 4,365 16. Analysls of charltablè funds At lit April 2023 Income Expenditure Transfers At 315t March 2024 Unrtstrlrt•d and de$5$nated funds General funds 175,279 175,279 4W,211 4LX),211 1364,7981 1364,7981 210,692 210,692 Restrlcted fvnds Appeals Fund Restricted Gifts Fund Ukraine Ukraine House Afghan House 1,250 25 8.1(A) i.sc 10,875 11,2501 650 20.(KX) 6.144 26.794 675 3,670 3,965 8,310 124,4301 13.6791 129,3591 Total funds 202.073 411,086 1394.1571 219.002 -20-
EMMANUEL CHURCH OXFORD NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 Atl# April 2022 Income Expenditure Transfers At 31" March 2023 Unrestrlded and deslgnated fvnds General funds Emmanuel Church Sheffield 182,491 37.330 219.821 343,802 91,305 435,107 1325,9861 125,0281 1127,4351 11,2001 1453,4211 126.2281 175,279 175,279 Restricted funds Appeals Fund Cat31yst Hub Ukraine Ukraine Housè Afghan House 16.996 60.262 350 14.SS4 112.762 3C 24,6C 1,793 154.OJ9 115.0491 116.5011 1186,2241 13.21)0 650 20,000 6,144 26,794 130.1971 19621 1232.432 25,597 3,932 26.228 1,381 78,989 Total funds 298.810 S89,116 1685.8531 202,073 General lunds: Funds which tan bè used at the discretion ol the trustees to further the objectives ol the charity. Efflmanutl Church Sheffield: Funds set aside to support the Sheffield church plant launched in Septernber 2020. By 31, March 2023, the Emmanuel Church Sheifield had re8lStered as an independent charlty, and therefore the full balance of funds held in 5UPPOrt of thi5 plant were transferred to the new charity. Appeal$ Fund.. Funds collected and distribuied in support of eernal appeals and relief efforts. Restrlcled Glfts Fund: Funds collected and disiributed in support of particular needs identified in the church and it5 community. Catalyst Hub.. Funds held to administrate a group of chufches la"hub-I within the Catalyst Network of churches, a mernber of Newfrontiers. Income received is used to fund international churches and mission project5. By 31" March 2023, management of the Hub had transferred to the central Catalyst Network, and therefore the full balance of lund5 due in support of this venture were transferred to the Catalyst Network. Ukralne: Funds raised in sUPPOrt of a particular church in Ukraine with whom the charity has a connection through the Catalysr Nerwork. Ukralne House.. Funds raised toward the rental and furnishing of a house in Oxford for a refugee Ukrainian family connected to the churth through the Catalyst Network. Afghan House: Funds raised toward the furnishing of a house in Oxford for a refu8ee Afghan family. -21-
EMMANUEL CHURCH OXFORD NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 17. Analy$ of net 355ets between funds unstrICted Fund5 Restricted Funds Total Funds Z024 Fixed assets Current assets Creditors less than l year Net assets 6.351 229,371 125,0301 210.692 6,351 237,681 125,0301 219,002 8,310 8,310 Unrestrirted Funds Restricted Funds Total Funds 2023 Fixed assets Current assets Creditors less than l year Net assets 7.482 172.162 14.3651 175.279 7,482 198,956 14.3651 202,073 26.794 26.794 18. Related party transactlons The total amount of donations funded by trustees in the year was £43,683. The charity had no other transactions with related parties in ihe year to 31" March 2024, other than those Sterns dlsclosed in note 11. -22-