IMMANUEL CHURCH BRENTFORD FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2024 Charlty No: 1169882
IMMANUEL CHURCH BRENTFORD FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2024 Charlty No: 1169882 Contents Page Charity Information Trustees, Report Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the financial statements 9-11
IMMANUEL CHURCH BRENTFORD CHARITY INFORMATION Charity Registration No. 1169882 Principal office 147 Ealing Road Brentford TW8 OLF Trustees Richard Linnell (Chairman) Martin Fox Stephen Clark Todd Crusey Key Management Personnel The Trustees Independent Examiner Miriam Hickson CTA FCA JCS Accountants Limited 5 Robin Hood Lane Sutton Surrey SM12SW Bankers Barclays Bank PIC Leicester LE87 2BB Page 1
IMMANUEL CHURCH BRENTFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees have pleasure in submitting their Annual Report, and the financial statements for the year ended 31 December 2024, which have been prepared in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)>, Financial Reporting Standard 102 (FRS 102), and the Charities Act 2011. Structure. Governancè and Management Governin Document Immanuel Church Brenfford is a Charitable Incorporated Organisation and is registered as an independent charity. The Church is governed by its Constitution. It was registered by the Charity Commission on 25 October 2016. anisation The Charity s activities relate to the work of Immanuel Church Brentford and are overseen by its trustees, which normally includes the Minister and the elders of the Church. The elders are ordained by the UK Presbytery of the Intemab'onal Presbyterian Church after being proposed by the church members in a formal meeting. The Charity's trustees are appointed by existing trustees who are the members of the CIO. Rglated arties The CIO is set up to facllitate the work of Immanuel Church Brenfford, which is a member of the International Presbyterian Church. It was initially a church plant of IPC Ealing, but during 2017 became a full member of the UK Presbytery of IPC. The Church does not have any other formal associations with any other external body. Risk mana ernent The Trustees acknowledge their responsibilities to ensure that the major risks to which the Charity is exposed, as identified by the trustees, have been reviewed and systems have been established to mitigate those risks. A comprehensive risk review was undertaken during 2018, and a risk register was created. This was reviewed and reapproved at the Trust's AGM. Objectlves and activltles The Church exists for the glory of God and the benefit of the community. It strives to create a worshipping community of people who have a passionate concern for people in sociely. In pursuit of these goals, the Church provides a serving community open to and for the benefit of people of all ages and backgrounds. The objects of the CIO are.. 1) To advance the Christian religion for the benefitofthe public in accordance with the statement of Presbyterian belief and practices in the church's constitution in Brentford, the United Kingdom or parts of the world that the trustees from time to time think fit for Ihe benefit of the public through the holding of worship and prayer meetings, lectures, producing andlor distributing literature on the Christian faith to enlighten others about the Chrislian religion. 2) The prevention or relief of poverty or financial hardship in Brentford, the United Kingdom or parts of the world that the trustees from time to time think fit by providing: funds, items and services to individuals in need andlor charities, or other organisations working to prevent or relieve poverty. Page 2
IMMANUEL CHURCH BRENTFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) Achievements and performance 2024 was the Church's eight full year existence. Following the death of our former minister in 2023, we were without a minister throughout 2024, although made significant progress towards appointing a minister in 2025. We continue to offer public worship on Sundays (both moming and evening), and well as continuing with our regular midweek meetings and our active engagement with the local and wider community in Brentford and the surrounding areas. We have recently begun a new mid-week community group. We meet each Sunday in the hall of St Paul's Primary School in St Paul's Road in Brentford, which provides modern facilities for the church meeting. Midweek meetings are usually held in private houses or other public facilities. The seNices that we provide in the school hall and elsewhere have been directed towards a wide range of local people. These include children and their parents and carers, students, young single people, young and older families, and senior citizens, and the homeless and marginalized both through our own ministry and in co- ordination with other local initiatives. Throughoul the year we have been progressing towards hiring a new full time minister. Following a process of advertising and approaching particular individuals, we shortlisted two candidates over the summer, both of whom preached at Immanuel. Unfortunately, following interviews with the elders, neither was the right fit for the role. However, we subsequently re-advertised, and in 2025 have been able to make an offer to a new minister, lain Clements, who began the post in May 2025. We are registered as Immanuel Church Brentford, a Charitable Incorporated Organisation, and so an independent charity. This provides full compliance with the regulations from the Charity Commission and presenies the Church's charitable status for Gift Aid and tax purposes. The Trustees have considered the Charity Commission's guidance on public benefit, when planning the activities for the year. We continue our commitment to global mission. We have a Mission Committee comprising church members with knowledge and experience in missionary work. We provide financial support to two Mission Partners serving in overseas countries, and are closely connected with two additional missionaries, whom we support in prayer. In addition to this, we remain open to supporting work in the UK and believe that further opportunities may arise from the activities of our own church members either in the UK or overseas in due course. The two Mission Partners we financially support are a mission worker who works in Guatemala City and is supported by Tear Fund, and a missionary working in France who has recently started a church plant in Lille. We remain fully committed to outreach in the local area. Our specific outreach events including a summer BBQ, and also a Christmas fair and carol service. Our partnership with other churches in the Presbytery of IPC has been productive, and we continue to benefit from visitors from other churches within the Presbytery, who occasionally provide a visiting preacher for us. We have had particularly close links with Grace Church Hammersmith, which was planted from Immanuel Church Brenfford in 2021, and have frequently provided visiting preachers to support. Ministrie We remain committed to supporting the Church in sustaining its ministries and pursuing other ministry opportunities. Throughout 2024 the church continued to operate under the leadership of the four remaining church elders, holding morning and evening services on a Sunday, as well as regular weekly groups for church members. Since the formation of the church, we aimed to plant further churches, and in 2021 we planted Grace Church in Hammersmith. One of our former elders and trustees, Rob Ilderton, moved there with his family during 2021 and setvices began in September 2021. Page 3
IMMANUEL CHURCH BRENTFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) Financial review During 2024, the charity has completed a positive financial year. Adult members and regulars attending Church services and events has remained consistent, with around 40 adults and 15 children. At the December year end, the value of the Church's cash was a net position of -£154,000 (taking into account payments in January to our presbytery, which were budgeted for in 2024, and also in anticipation of a gift aid claim for 2024 (not yet made). The financial highlights have been.. Income Overall income (excluding restricted funds) was £102,368, which was due to increased regular giving and one off gifts, as a result of an appeal made when we knew that in order to hire a new minister we would have to increase our giving in the long term. Ex endlture Overall expenditure was -£23K below budget. Salary costs were significantly lower than budgeted. We had budgeted to have a minister in place for September 2024, but this did not come to fruition, and so we saved three months of salary and rent. The day to day running of the church is organised through our Barclay's business account. Given the size of funds that we currently hold in reserve, we opened an account with Kingdom bank with a more favourable interest rate, and have deposited £85,000 into that account. The CIO is responsible for all the regular activities at Immanuel Church. The Church does not own any buildings or substantial equipment and therefore does not make any allowan for depreciation on its assets. For 2025 we have anticipated a lower income than 2024. This is based on currently levels of giving from the congregation, but without the significant one off gifts that were received in 2024. We have budgeted for a new minister to start in May, which is the current plan. The Trustees are pleased with the stable financial situation of the CIO and the Church. although we are aware that with the need to pay for housing for our new minister (which was not the case for our previous minister), the church will need to increase giving in the medium term. We believe that we have funds in reserve that will allow us to continue at current levels of giving for another 3 years. We hope that this is sufficient time to grow the church. The trustees have determined that a proportion of 6.60/0 of income from church members will be given to world mission. This will be allocated at the discretion of the Mission Committee, which was formed in 2018. The Mission Committee has mainly allocated its funds to supporting the two Mission Partners as set out above. Any current additional financial capacity may be used for one-off items of work when appropriate. The support of further Mission Partners may be considered as and when there are suitable candidates. The use of funds allocated by the Mission Committee is subject to final confirmation by the Trustees acting as Elders of the church. 6¢/0 of incorne from church members will be given to the presbytery church planting fund. 30/0 of income from church members will be given to the presbytery assistant ministers fund. 10/0 of income will be given to the buildings and ministers accommodation fund (BMAF) and 10/0 given to the presbytery general fund. The Trustees have also decided that the church will cover some of the training costs for Stephen Clark, one of the Trustees, as he endeavours to undertake further theological study. No costs were incurred in 2024 but £952 are anticipated in 2025. Page 4
IMMANUEL CHURCH BRENTFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) During the year the Church held cash balances of at leasl three months, expenses in line with the SerVeS policy. It also retains money for the following purposes.. to support local needs (-£5,415 at the end of 2024) to support world mission (41,053 at the end of 2024) to support training needs (-£975 at tt)e end of 2024) buildinglaccommodalionlministers fund1£129,359 at the end of 2024). This fund will be used for ministers housing over the coming years. Reserves olic It is our policy to maintain a minimum level of cash to support three months of ongoing normal expenditure. Grant makin olic The trustees have the facility to make donations to individuals or charitable organizations with activities which are sympathetic to those of the Church or are for welfare purposes. Investment olic Under the governing documents, the CIO has the power to make any investments which the trustees see fit. Plans for future periods Various plans have been made for the continuance of the activity of the church and the CIO for future periods bul these remain entirely in accordance with the constitution and the charitable purposes of the CIO. Truste6s' Rasponsibilitles The trustees are responsible for preparing the Annual Report and the financial statements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the charity and of the surplus or deficit of the charity for that year. In preparing those financial statements, the trustees are required to.. a) select suitable accounting policies and then apply them consistently. b) make judgements and estimates that are reasonable and prudent. c) state whetherthe policies adopted are in accordance with the Charities SORP, the Regulations made under seclion 44 of the Charities Act and applicable accounting standards, subject to any material departures disclosed and explained in the financial statements., d) prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue to operate. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. 9" August This report was approved by the trustees on 2025, Signed on behalf of the trustees Richard Linnell Page 5
IMMANUEL CHURCH BRENTFORD INDEPENDENT EXAMINER'S REPORT Independent examiner's rèport to the trustees of Immanuel Church Brentford I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 set out on pages 7 to 11. Responslbllltles and basls 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 as 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)Ib) of the Act. Independenl examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by section 130 of the Act., or the accounts do not accord with those records,. or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Report) 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. Miriam Hickson CTA FCA JCS Accountants Limited 5 Robin Hood Lane Sutton Surrey SM12SW Dale.. 11 k ID Page 6
IMMANUEL CHURCH BRENTFORD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Note Unrestricted Restricted Total Unrestricted Restricted Total Funds Funds 2024 Funds Funds 2023 Income from: Collections One off Donations Regular Donations Gift Aid Recoverable Investments Total income 3,959 6,760 71,306 19,158 3,959 17,566 71,306 19,158 1,363 4,858 63,122 10,799 1,363 6,408 63,122 10,799 10,806 1,550 102 386 10806 113 192 Expenditure on: Charitable Activities Total expendlture Net income and Net movement In funds 59,969 59,969 33,647 33.647 Funds brought fOrard Funds carrled forward Page 7
IMMANUEL CHURCH BRENTFORD BALANCE SHEET AS AT 31 DECEMBER 2024 Notes 2024 2023 Current assets Debtors Cash at bank and in hand 19,559 147 341 166,900 11.175 99,242 Creditors: amounts falling due within one year (14 257) (6 568) Net current assets 152643 Net assets Funds Unrestricted funds Restricted funds 152.643 92,674 Approved by the trustees on 9th August 2025 and signed on their behalf by: Richard Linnell Trustee Page 8
IMMANUEL CHURCH BRENTFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {a} Basis of preparatlon The accounls have been prepared in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)), Financial Reporting Standard 102 (FRS 102), and the Charities Act 2011. The financial statements are drawn up on the historical cost basis of accounting. Immanuel Church Brenfford meets the definition of a public benefit entity under FRS 102. It is a Charitable Incorporated Organisation and a registered Charity No 1169882. The principal office is 147 Ealing Road, Brentford TW8 OLF. The financial statements are prepared in sterling. which is the functional currency of the church. Monelary amounts in these financial statements are rounded to the nearest £. (b) Income Income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be reliably measured. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. (c) Expenditure Expenditure is recognised On 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 reliably measured. All expenditure is accounted for inclusive of any VAT which cannot be recovered. Charitable expenditure includes the cost of activities undertaken to further the purposes of the charity. This includes any support and governance costs. (d) Debtors Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid. (e> Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit. (f) Creditors Creditors are recognised where the charity has a present obligation arising 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 measur8d or estimated reliably. Creditors are recognised at their settlement amount. (g) Financlal Instruments The charity only has financial assets and 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. (h) Fund accounting Unrestricted funds are income resources receivable without further specific purposes and are available for general purposes to be used at the discretion of the Trustees. Page 9
IMMANUEL CHURCH BRENTFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) Expenditure on charitable activities 2024 2023 Rent Exlemal giving (see note 4) Insurance Licenses Travel and subsisten Property, maintenance and equipment Advertising Postage. printing, stationery and other Evangelism Staff Costs Governance costs.. Independent examiner's fees Legal and professional fees 14,026 30,518 282 150 363 6,325 3,960 259 223 284 1.126 1,220 1,001 774 1,145 30.411 3,180 3,300 Staff Costs 2024 2023 Wages and salaries Pension costs 27,652 There was one employee during the previous year: Revd Cashman, who was also a Trustee. Revd S Cashman was paid £27,652. No employee received remuneration in excess of £60,000 per annum (2023.. nil) External giving 2024 2023 Institutional grants: Other World Mission UFM Worldwide IPC Presbytery Total institutional grants 270 1,980 2,160 Grants to individuals World Mission Pastoral support Total individual grants 2,440 1,800 Page 10
IMMANUEL CHURCH BRENTFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Debtors continued) 2024 2023 Gift aid recoverable Prepayments and accrued income 19.158 401 10,799 376 Credltors 2024 2023 Other taxes and social security Accruals Related party transactlons There were no related party transactions during the year regarding disclosure other than the trustee remuneration as shown in note 3. Restrlcted funds 2024 Balance blf Income Expenditure Balance clf Family support 2023 Balance blf Income Expendlture Balance clf Family support (} The restricted fund relates to donations that were collected for the support of the minister. Page11