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2025-03-31-accounts

Charity Number: 1164734

EMMANUEL CHURCH OXFORD

UNAUDITED FINANCIAL STATEMENTS

31 MARCH 2025

Ben Leach Associates Vineyard Accountants 9 Shiregreen Lane 5 The Chambers Sheffield Vineyard, Abingdon S5 6AA OX14 3PX

EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

Senior Leader’s Overview

This year’s report will take a slightly different format as we have invited the various ministry leaders to submit, in their own words, a review of their specific ministry area. These reports are shown below. It falls to me to write an overall report on the life of Emmanuel Church for the year ending 31 March, 2025.

We enjoyed a great start to the period, with strong attendance and a growing sense of momentum. The staff teams, and the new Core Team, continued to work well together. A major highlight for 2024 was the fruition of our desire to broaden the leadership team by identifying additional elders and deacons. We celebrated our appointment Sunday meeting in September, where the church officially welcomed Sipho Mudau and Graham Hope as elders, and Lauren Enright (Families worker) and Dan Farley (Chair of Trustees) as deacons. Additionally, Helena Harpham joined the Core team for 12 months, and Ruth Edwards joined the Board of Trustees.

The revised leadership structure has continued to provide many benefits to the church. We also gathered all the elders, deacons and Core Team together several times, which proved to be especially fruitful. The Core Team supplemented its pattern of meetings with three away-days through the year, which also proved helpful. However, losing our staff Kids & Youth Worker just prior to this period proved to be a costly staff loss. We advertised for a replacement unsuccessfully and managed the gap by redeploying our Families’ Worker to cover the role, which she did amazingly well.

This report period also saw the first full-year with our outsourced finance function with Ben Leach Associates. The improvement to our finance processes has been a positive step, taking many of them to multi-stage authentication, and online / digital solutions for many of the previously manual processes. The working relationship with our chosen professional partner has proved to work flawlessly, which has been an encouragement.

During the year we had the benefit of having Naomi Flynn as an intern. Naomi invested her year in the church primarily through supporting the Sunday Kids’ Work programmes. While with Emmanuel, Naomi also attended the formal ID Training Programme, which provided theological training within the wider cohort of interns nationally, as well as the opportunity for a mission trip to Sweden.

We have continued to support those who have been sent from Emmanuel to other nations. We have maintained regular contact with each of them and have sought to offer ongoing care and investment, mainly over Zoom calls.

As in previous years, 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 several occasions throughout the year and supported them with preaching and leadership development. I called David May by Zoom each week for more personal connection, coaching and encouragement.

As in the previous year, we offered many opportunities to deepen the sense of community within the church. 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 Emmanuel Quiz Night, the Kids’ Light Party, Kids’ Christmas party and the usual Christmas Carol Services. We also had our inaugural Festival Sunday & Hog Roast in July 2024, which was very well attended.

In August, we took many of the church family to the Catalyst Festival, which was the first since the COVID years, and was a precious time of spending time together, and reconnecting with the wider network and old

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

friends. The festival was a mix of worship, teaching, hearing amazing testimonies from all corners of the world represented within Catalyst, and a time of fun. It was particularly special to see so many of our kids benefitting from both the festival-led activities, as well as spending fun times within the Emmanuel camp!

We continue to hold to Emmanuel’s current Vision Statement. Together we adopted the phrase ‘Emmanuel is on an adventure, learning to follow Jesus wherever he leads and whatever the cost.’ We continue to believe that the sense of adventure, obedience and cost is in line with what the church congregation was hoping for together. In addition, we have publicly owned four core 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 creating and shaping our shared culture and expectations.

We continue 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 sponsorship of a Ukrainian refugee family, our partnership and support of Anti-Slavery Initiative Oxford (ASIOX), our support of two Afghan House projects and more.

Objectives and Activities

Vision and Principal Activities

The main objectives of Emmanuel Church Oxford (as defined within its CIO Constitution) 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 (and referenced above), Emmanuel Church Oxford continues to be “ on an adventure, learning to follow Jesus wherever he leads and whatever the cost” . To expand on this, we provide an insight to each aspect below, where we feel that the four core values of being Courageous , Devoted , Honouring and Humble will be helpful:

We love the idea of adventure - everyone is looking for one and God offers one! We are keen to see more people connect with the Christian faith and we would love to build more fun and joy into our church life. Learning to follow – we are committed to deeper discipleship. We want to raise, equip and release people. We also believe that joy and fulfilment come through obedience to Jesus.

Wherever he leads – we want to model flexibility and adaptability as a church, we need innovation and 'grass roots' giftedness 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 in their obedience to God.

Eldership, the Core Team, raising leaders, and governance

A continuing goal for Emmanuel is the expansion of the Core Team to include both men and women from across the broad scope of the main areas of leadership. As mentioned above, we have appointed two new elders, two deacons, an additional (temporary) member of the Core team and one permanent trustee. These appointments reflect the input, trust and capabilities of those individuals already evident and in operation within Emmanuel. We have identified the importance of general agreement on ‘red line’ theological points and values across our leadership, as a way of ensuring a clear direction and set of expectations for the Emmanuel family. We’ve continued 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. A particular focus has been on reviewing all our governing policies encompassing both paid staff and volunteers, especially around safeguarding. This has been a real team effort, with administrative staff, safeguarding experts, trustees, senior

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

leaders and key volunteers all inputting into this effort. We’ve continued to run a ‘Safeguarding Sunday’ meeting to communicate these important aspects to the whole church, as well as provide ongoing training/refresher courses to volunteers working with children and vulnerable adults.

Partnering with others

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

The work of Emmanuel Church Oxford relies on the commitment and hard work of its Core Team, Elders, Deacons, 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.

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

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. Additionally, the majority of the sermons are available online through the website at YouTube.

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 for whom the activity would be especially beneficial.

Achievements and performance

During the year to 31[st] March 2025, the church undertook the following activities:

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. 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 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, and we have given Ukrainian translation for all audio visual content.

In May we began the process of overhauling Emmanuel’s Worship & PA system, replacing outdated equipment and condensing the weekly set-up and pack-down process to make this more time and space efficient. Investing in new equipment has allowed us to improve the delivery of sung worship on a Sunday morning. In December the Worship Team executed an evening carol concert featuring worship, readings and performances for friends invited by the church community.

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.

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.

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.

In our Kids' work, we have had successful annual events including a Light Party, Kids Christmas Party and Easter Picnic. We held two All Age Services at Christmas and Easter, in which the kids were involved in a variety of ways. The children’s work curriculum for our primary school age children began with a journey through Old Testament stories and then moved on to look at God’s heart for the vulnerable, the armour of God and creation, some of which also mirrored teaching in the main meetings. The support of Amy Layen as a part time children’s worker and our kids work intern, Naomi Flynn has helped to bring fresh ideas and resourcing and contributed to the success of our Sunday kids work and events this year.

Our youth group meets regularly on Sundays during the main church service, and every Friday evening during the school term at an external venue. Our sessions focus on two key areas: community and discipleship. We intentionally create space for young people to build relationships and feel connected. Each session includes

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

time for conversation, games, crafts, food, and drink. Icebreaker questions and shared activities help us get to know one another and strengthen our sense of community. As well as just having fun! The second half of each session is dedicated to exploring the Christian faith. We teach, read, and discuss Bible passages and themes, encouraging young people to reflect on how Scripture shapes our faith and how it applies to daily life. In August 2024, we took the youth group to Newday, a Christian youth festival run by New Frontiers. We camped together, shared meals, joined in sung worship, and deepened our understanding of the Christian faith through teaching and fellowship. In February 2025, we held our third annual weekend away, filled with activities, games, and Bible-centred sessions. This trip continues to be a highlight of the year, providing valuable time for spiritual growth and connection outside our regular schedule.

Connect Groups

As at 31 March 2025, we had 7 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, particularly in deepening friendships and sharing/supporting in one-another’s highs and lows of life. Typically, our groups’ planned activities involve sharing on recent preaching topics and bible passages, as well as testimonies. They also spend quality social time together.

Midweek 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.

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

Equip nights

In November 2023, we were blessed to receive teaching and guidance around race and reconciliation from Owen Hylton. We gathered men & women, singles & marrieds, people from non-majority racial or cultural backgrounds, and listened together to each other’s experiences within church, and society more widely. These meetings started in January 2024 but continued through the summer of 2025 and focussed on Race & Culture, Relational Status and on Men & Women within the church and society. These have been standout evenings in the year. As we have taken time to understand each other more fully, we have become more equipped to love each other well - the fruit is already evident.

STEPS Course

'Learning to follow Jesus whatever the cost' can involve finding freedom from debilitating habits of thought and behaviour and replacing them with life-giving alternatives. The STEPS Course, which ran with 6 people online from September to December 2024 (and will run again, in-person, in 2025) helps people on that costly journey.

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

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 coordinates several like-minded projects, such as the CAP Life Skills group, ASIOX (our anti-slavery initiative), supporting Children Heard & Seen (mentoring, Christmas present wrapping, etc), and Cross-Cultural Communities (bible studies with people for whom English is a second language). Pete Ades has been added to the staff team, to help support and grow this ministry. Much energy has been focused behind the scenes, developing and implementing training to equip individuals and volunteers so that they are able, ready and supported to expand our reach across Oxford. Pursuing a greater understanding of why social justice is at the heart of the gospel through the Weightier Matters course run by Jubilee+ was so helpful. Additionally, a small team has been given funds to support refugee families (meeting physical needs) associated with the Oxford-based HomesWithPurpose charity.

Evangelism

The ‘Share’ outreach group launched, with seven outings onto the streets of Oxford. At Share, lots of good interactions are had with locals on Cowley Road, welcoming them into our community and offering prayer. Through Share many Emmanuel folk have become bolder and more confident sharing their faith. The ‘Fruitfulness on the Frontline’ Learning Community has meant 10 or so people from Emmanuel have been able to encourage each other with their journey of being more fruitful on the frontlines. A related ‘Fruitfulness on the Frontline’ sermon series is currently inspiring more impact for God’s kingdom where we connect with our local communities.

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. We identified individuals and couples within the church family who would potentially be mentors. We ran two Zoom sessions breaking down what the programme would involve. At the end, 20 people confirmed availability. Some were already involved with mentoring outside of this programme, but opted to be added to the list for visibility. A public call was made to the church on two Sundays in March for anyone interested in being a mentee to sign up. Total of 17 mentees (8 sign-ups, and a further 9 mentees were directly invited or were already being mentored). We facilitated introductions and have largely left it to mentors and mentees to decide the focus areas and how often they will meet. A catch-up with mentors is planned for mid-July 2025.

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. In September 2024, we launched a weekly Student Night, gathering our students to read the Bible together and giving them space to grow friendships with each other. In January 2025 we took 40+ of our students and young adults on our annual Weekend Away with a focus on growing confidence in evangelism as well as a greater sense of community amongst the group.

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. We also support married couples, and offer time to invest and strengthen their relationship together.

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

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:

Catalyst Hub

In the year to 31[st] March 2025, Matt Partridge has continued to serve the Catalyst Hub and Catalyst Strategy Team, which has been vital in furthering the objectives of the church, in establishing and enhancing relationships between Catalyst churches both domestically and internationally. The income to Emmanuel church from the Catalyst hub reflects the level of input in time and resources by Matt.

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. We are delighted to note that the Ukrainian family have become an integral part of the Emmanuel family, and we are encouraged to see them succeed in jobs in the local community.

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

Financial Review

Review of financial performance

During the year, total incoming resources amounted to £496,850 (2024: £411,086). The primary component related to donations to the church (£476,976, 2024: £395,884).

Resources expended totalled £374,503 (2024: £394,157), which is entirely related to the operational running of the church.

The charity achieved a surplus of £122,347 (2024: £16,929), which includes donations of £70,893 relating to the church’s annual gift day, and £20,150 relating to the church’s new designated Vision Fund. It is anticipated that a significant portion of these funds will be spent in the early months of the 2025-26 financial year.

Reserves policy

At the end of the financial year, the total reserves of the charity amounted to £341,349 (2024: £219,002), consisting of unrestricted funds of £331,539 (2024: £210,692) and restricted funds of £9,810 (2024: £8,310). Included within unrestricted funds is the designated Vision Fund, which amounted to £65,150 (2024: £nil) at the end of the financial year. Details of all restricted and designated funds can be found in Note 17.

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 months’ costs. The Trustees deemed it prudent during the period to 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 2025:

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 constitution document, the previous annual report, as well as policies and guidelines contained in Emmanuel’s Staff Handbook.

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

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 strategic and functional leadership of the church’s various activities with oversight from the Trustees.

Staff and Volunteers

The church has a small staff team, which in the year to 31[st] March 2025 included the following:

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.

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EMMANUEL CHURCH OXFORD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

Reference and Administrative Details
Registered Charity Number 1164734
Principal address Second Floor
1-4 The Plain
Oxford
Oxfordshire
OX4 1AS
Trustees Timothy Brown
Daniel Farley (Chair)
Yvonne Kinyanjui
Matthew Partridge
Ruth Edwards (appointed 11thJuly 2024)
Elders Robert Grayson
David Layen
Matthew Partridge
Graham Hope (appointed 29th September 2024)
Sipho Mudau (appointed 29th September 2024)
Independent Examiner A N Poyton FCCA
Vineyard Accountants
5 The Chambers
Vineyard
Abingdon-on-Thames
OX14 3PX

This report was approved by the Trustees on 28[th] January 2026 and is signed on their behalf by:

Daniel Farley – Chairman

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EMMANUEL CHURCH OXFORD

INDEPENDENT EXAMINER’S REPORT

YEAR ENDED 31 MARCH 2025

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 (“the charity”) for the year ended 31[st] March 2025.

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 Charities Act 2011 (“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 Association of Chartered Certified Accountants, 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.

A N Poyton FCCA Independent Examiner

Vineyard Accountants 5 The Chambers Vineyard Abingdon-on-Thames OX14 3PX 28/01/2026

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EMMANUEL CHURCH OXFORD

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MARCH 2025

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		 2025
2024
Unrestricted
Funds
Restricted
Funds
Vision
Fund
Total
Funds
Unrestricted
Funds
Restricted
Funds
Vision
Fund
Total
Funds
£
£
£
£
£
£
£
£
437,226
19,600
20,150
476,976
385,009
10,875
-
395,884
10,101
8,100
-
18,201
8,828
-
-
8,828
1,673
-
-
1,673
6,374
-
-
6,374
449,000
27,700
20,150
496,850
400,211
10,875
-
411,086
348,303
26,200
-
374,503
364,798
29,359
-
394,157
348,303
26,200
-
374,503
364,798
29,359
-
394,157
100,697
1,500
20,150
122,347
35,413
(18,484)
-
16,929
(45,000)
-
45,000
-
-
-
-
-
55,697
1,500
65,150
122,347
35,413
(18,484)
-
16,929
210,692
8,310
-
219,002
175,279
26,794
-
202,073
266,389
9,810
65,150
341,349
210,692
8,310
-
219,002

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

The notes on pages 15 to 23 form part of these financial statements.

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EMMANUEL CHURCH OXFORD

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
Net assets
Funds of the charity
Unrestricted funds
Vision fund
Restricted funds
Total charity funds
16		 2025
£
£
11,804
36,945
305,305
342,250
(12,705)
329,545
341,349
341,349
266,389
65,150
9,810
341,349		 2025
£
£
11,804
36,945
305,305
342,250
(12,705)
329,545
341,349
341,349
266,389
65,150
9,810
341,349		 2024
£
6,351
29,688
207,993
342,250
(12,705)		 237,681
(25,030)
329,545 212,651
341,349 219,002
341,349 219,002
266,389
65,150
9,810		 210,692
-
8,310
341,349 219,002

These financial statements were approved by the board of trustees and authorised for issue on 28[th] January 2026 and are signed on behalf of the board by:

Daniel Farley - Chairman

Yvonne Kinyanjui - Trustee

The notes on pages 15 to 23 form part of these financial statements.

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EMMANUEL CHURCH OXFORD

CASH FLOW STATEMENT

31 MARCH 2025

Cash flows from operating activities
Cash generated from operations (below)
Cash flows from investing activities
Net purchase of tangible fixed assets
Interest received
Net cash (used in)/provided by 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		 2025
2024
£
£
103,086
15,629
(7,447)
(1,150)
1,673
6,374
(5,774)
5,224
97,312
20,853
207,993
187,140
305,305
207,993

Reconciliation of net income to net cash flow from operating activities

econciliation of net income to net cash flow from operating activities
Net income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charged
Increase in debtors
Decrease/(increase) in creditors
Interest received		 2025
2024
£
£
122,347
16,930
1,994
2,281
(7,257)
(17,872)
(12,325)
20,664
(1,673)
(6,374)
103,086
15,629

The notes on pages 15 to 23 form part of these financial statements.

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

1. General information

The charity is a public benefit entity and is 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. They 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 2025

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.

Operating leases

Lease payments made under operating lease contracts are charged to the SOFA on a straight line basis over the lease period.

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 designated fund ‘Vision Fund’ separately on the face of the Statement of Financial Activities and Balance Sheet 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.

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

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% reducing balance

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
2025
Total
2024
£
£
307,568
259,120
59,280
44,939
69,378
60,975
40,600
30,600
150
250
476,976
395,884

5. Income from charitable activities

ncome from charitable activities
Total Total
2025 2024
£ £
Contributions received towards charitable
activities 18,201 8,828

6. Income from investments

ncome from investments
Total Total
2025 2024
£ £
Bank interest and dividends 1,673 6,374

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

7. Expenditure on charitable activities

Note
Core activities
Staff costs
10
Grants paid
12
Serving our communities
Support costs
8		 Total
2025
Total
2024
£
£
69,821
63,420
197,930
193,717
30,852
63,437
26,839
29,439
49,061
44,144
374,503
394,157

Not included within Grants paid for the year ended 31[st] March 2025 are grants totalling £25,000 (2024: £nil), raised in connection with the church’s annual special offering. These were not distributed to the recipient charities and causes until shortly after 31[st] March 2025.

8. Analysis of support costs

Office and administrative costs
Governance costs		 Total
2025
Total
2024
£
£
34,780
32,519
14,281
11,625
49,061
44,144

9. Independent examination fees

Fees payable to the independent examiner for:
Independent examination of the financial
statements		 2025
2024
£
£
1,800
1,800

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

10. Staff costs

Staff costs were as follows:

taff costs were as follows:
Wages and salaries
Social security costs
Pension costs		 Total
2025
Total
2024
£
£
172,021
173,365
12,263
6,986
13,646
13,365
197,930
193,716

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 £131,387 (2024: £127,218).

2025 2024
No. No.
Average head count 5 8

11. Trustee remuneration

In the year ended 31[st] March 2025, 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 this trustee was as follows:

Wages and salaries
Social security costs
Pension costs		 Total
Total
2025
2024
£
£
56,940
57,229
6,603
6,642
7,216
7,216
70,759
71,087

Within the year, one trustee (2024: two trustees) incurred and was reimbursed for expenses incurred on behalf of the charity. Total expenses reimbursed to trustees in the year totalled £794 (2024: £991), and consisted of costs incurred by the trustees in relation to travel and pastoral care.

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

12. Grants paid

The charity made grants as follows:

Overseas Missionaries
Catalyst Network
Jubilee+
Oxford Community Church
Oxford Churches Debt Centre
Anti Slavery Initiative Oxford
Christ Church London – STEPS Programme
Latin Link
Other Individuals		 Total
2025
Total
2024
£
£
4,200
35,250
19,800
19,800
410
-
100
-
2,000
2,000
1,336
2,679
600
1,300
1,800
450
606
1,958
30,852
63,437

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

Grants paid include payments made through the church’s ‘Serving Our Communities’ project.

Not included within Grants paid for the year ended 31[st] March 2025 are grants totalling £25,000, raised in connection with the church’s annual special offering. These were not distributed to the recipient charities and causes until shortly after 31[st] March 2025.

13. Operating Lease Commitments

As at 31[st] March 2025, the charity had the following non-cancellable operating lease commitments with respect to its office premises:

Within one year 2025
2024
£
£
8,500
8,500

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

14. Tangible fixed assets

angible fixed assets
Cost
At 1stApril 2024
Additions
Disposals
At 31stMarch 2025
Depreciation
At 1stApril 2024
Charge for the year
Eliminated on disposal
At 31stMarch 2025
Net Book Value
At 31stMarch 2025
At 31stMarch 2024		 Office
Equipment
Audio
Visual
Computer
Equipment
Total
£
£
£
£
1,648
8,357
9,633
19,638
-
5,840
1,607
7,447
-
-
-
-
1,648
14,197
11,240
27,085
973
4,739
7,575
13,287
101
1,174
719
1,994
-
-
-
-
1,074
5,913
8,294
15,281
574
8,284
2,946
11,804
675
3,618
2,058
6,351

15. Debtors

ebtors
Gift aid receivable
Prepayments and accrued income
Other debtors		 2025
2024
£
£
26,598
17,304
5,818
8,550
4,529
3,834
36,945
29,688

16. Creditors: amounts falling due within one year

reditors: amounts falling due within one year
Accounts payable
Accruals and deferred income
Taxation and social security		 2025
2024
£
£
2,982
17,635
5,295
2,922
4,428
4,473
12,705
25,030

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

17. Analysis of charitable funds

Unrestricted and designated funds
General funds
Vision fund
Restricted funds
Restricted Gifts Fund
Ukraine
Ukraine House
Afghan House
Total funds
Unrestricted and designated funds
General funds
Restricted funds
Restricted Gifts Fund
Ukraine
Ukraine House
Afghan House
Total funds		 At 1st
April
2024
Income
Expenditure
Transfers
At 31st
March
2025
£
£
£
£
£
210,692
449,000
(348,303)
(45,000)
266,389
-
20,150
-
45,000
65,150
210,692
469,150
(348,303)
-
331,539
-
2,200
(2,200)
-
-
675
-
-
(675)
-
3,670
24,000
(24,000)
675
4,345
3,965
1,500
-
-
5,465
8,310
27,700
(26,200)
-
9,810
219,002
496,850
(374,503)
-
341,349
At 1st
April
2023
Income
Expenditure
Transfers
At 31st
March
2024
£
£
£
£
£
175,279
400,211
(364,798)
-
210,692
175,279
400,211
(364,798)
-
210,692
-
1,250
(1,250)
-
-
650
25
-
-
675
20,000
8,100
(24,430)
-
3,670
6,144
1,500
(3,679)
-
3,965
26,794
10,875
(29,359)
-
8,310
202,073
411,086
(394,157)
-
219,002

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

Vision fund: Funds raised to support the broader vision of the church, particularly with regard to its growth and presence within the city . Amounts totalling £45,000 were transferred to the Vision Fund from general funds in the year ended 31[st] March 2025.

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EMMANUEL CHURCH OXFORD

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

Restricted Gifts Fund: Funds collected and distributed in support of particular needs identified in the church and its community.

Ukraine: Funds raised in support of a particular church in Ukraine with whom the charity has a connection through the Catalyst Network. These funds were combined with the Ukraine House fund in the year ended 31[st] March 2025.

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.

18. 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
2025
£
£
£
11,804
-
11,804
332,440
9,810
342,250
(12,705)
-
(12,705)
331,539
9,810
341,349
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
£
£
£
6,351
-
6,351
229,371
8,310
237,681
(25,030)
-
(25,030)
210,692
8,310
219,002

19. Related party transactions

The total amount of donations funded by trustees in the year was £52,492 (2024: £43,683).

The charity had no other transactions with related parties in the year to 31[st] March 2025, other than those items disclosed in note 11.

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