REGISTERED CHARITY NUMBER: 1172044
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
FOR
IMMANUEL LONDON
Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
IMMANUEL LONDON
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 August 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Cash Flow Statement | 7 | ||
| Notes to the Cash Flow Statement | 8 | ||
| Notes to the Financial Statements | 9 | to | 17 |
| Detailed Statement of Financial Activities | 18 | to | 19 |
IMMANUEL LONDON
REPORT OF THE TRUSTEES
for the Year Ended 31 August 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities
The statements of purpose and task adopted by Immanuel London are:
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Objects: - the provision of public meetings for the worship of God and for prayer;
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the instruction and edification of Christians;
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the evangelisation of non-Christians; and
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- the preparation, discipling and education (including religious education) of young people and children from a Christian biblical worldview.
Core Values:
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Intimacy with God - growing in our relationship with God is our highest priority
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Worship - we desire to be a community that values worship as a lifestyle
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Prophetic - we desire to be a prophetic community in both word and action
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Prayer - we value the importance of personal and corporate prayer
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Community - we have a heart to share our lives together in community
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Discipleship - we value cross generational discipleship
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Kingdom Vision - we are committed to an area wide perspective and strategy, and to serve, resource and learn from the wider church
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Salvation and Transformation - we desire to see salvations and societal transformation and to serve the local community through practical acts of service
Immanuel
The church meets as one congregation each Sunday overseen and accountable to the leadership team of Immanuel and at other times during the week for prayer and other church related activities.
Since the start of the COVID 19 pandemic the church has continued to meet 'in person' when government guidance / restrictions have allowed, and with necessary 'Covid compliant' measures in place but has also included live streaming of meetings as an addition.
Immanuel School
The vision of Immanuel School is 'Disciples of Jesus Christ, for such a time as this', and the mission of the school is 'We resolve, with the support of the parents, to prepare, disciple and educate young people from a Biblical world view, to meet the opportunities and challenges of a changing world'.
Immanuel School provides full time education from a Christian perspective for 3-16 year olds. Pupils are of many nationalities and of families from many varieties of churchmanship.
We encourage and nurture Christian education and Christian schools throughout the world and work with the Independent Schools Inspectorate.
Since the start of the COVID 19 pandemic Immanuel School has followed all government regulations and guidance.
Social Action
Since the start of the COVID 19 pandemic, as a church we were involved in several initiatives that serve the poor and needy in our local community. Church members have organised shopping and visits for some vulnerable members of the community. Food hampers were also distributed to needy families.
Administrative
Issues continue to be addressed in relation to governance, health and safety and various other policy matters.
The contribution of volunteers
The role of volunteers in the work of the Trust is such that without their involvement most aspects of the work, including the Trust administration, would cease functioning. In addition, while minimum wage legislation has been complied with, the Trust has benefited from the willingness of most of its employees to agree to be employed at salaries very significantly lower than external wage rates.
Page 1
IMMANUEL LONDON
REPORT OF THE TRUSTEES
for the Year Ended 31 August 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Trustees are satisfied that:
The Trustees are satisfied that:
The income and property of the charity was properly applied to its stated objects, in accordance with the above mentioned statements of purpose and task; the expenditure of the charity was broadly in balance with its income, and the larger part of the surplus funds reflected in the accounts were used within a reasonable period since the end of this financial year; in the light of the above comment, there was no significant accumulation of funds; separate accounting records are maintained for the school within the charity; income which constituted a contribution by the parents of pupils of Immanuel School to the costs of their children's education was paid into an account designated for that purpose.
FINANCIAL REVIEW
Financial position
During the year the charity had income of £493,127 of which £71,317 was from Immanuel London and Havering Grange Centre and £421,810 from Immanuel School. There was no restricted income in the year.
There was general expenditure of £511,236 of which £159,249 was for Immanuel London and Havering Grange Centre, £339,832 for Immanuel School and £12 for other activities. There were restricted depreciation costs of £12,143. The net income and expenditure in the year resulted in an overall deficit totalling 19,109.
The above surplus has left the Net Current Assets with a balance of £195,203. Depreciation against fixed assets was £17,517.
Reserves policy
The Trustees have reviewed the reserve policy and consider it prudent to keep sufficient reserves, not invested in tangible assets but kept unrestricted, to enable the payment of normal running costs. This has been set at one month's employee costs, plus provisions to ensure compliance costs of the Independent Schools Inspectorate can be met and ongoing maintenance can be carried out. The charity currently has sufficient reserves to cover these eventualities.
Current Building Projects
During this financial year we have added CCTV, enlarged the reception area, extended paths, renewed and varnished 2 classroom floors, refurbished the bungalow bathroom as well as completing general site maintenance, repairs and other minor developments to the site.
FUTURE PLANS
We anticipate carrying out further improvements in the coming financial year. This includes a project to develop the carpark to provide an overflow area.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution, and is a Charitable Incorporated Organisation (CIO).
Related parties
There were no related party transactions during the year.
Risk management
The Trustees are continuing to review the risks to which the charity is exposed and systems are being implemented to mitigate those risks where possible. Ongoing risk assessments are performed and acted upon in material risk areas.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1172044
Principal address
Havering Grange Centre Havering Road Romford Essex RM1 4HR
Page 2
IMMANUEL LONDON
REPORT OF THE TRUSTEES
for the Year Ended 31 August 2021
Trustees
L Milton S Milton L Maxelon
Independent Examiner
Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
Bankers
The Co-operative Bank 1 South Street Romford Essex RM1 1XB
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................................. L Milton - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IMMANUEL LONDON
Independent examiner's report to the trustees of Immanuel London
I report to the charity trustees on my examination of the accounts of Immanuel London (the Trust) for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England & Wales which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Maurice Brindley BSc FCA Institute of Chartered Accountants in England & Wales Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH Date: .............................................
Page 4
IMMANUEL LONDON
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 August 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 80,001 Charitable activities 5 Ministries Running Costs - Education Supplies and Services 401,098 Other trading activities 3 4,192 Investment income 4 7,836 Total 493,127 EXPENDITURE ON Raising funds 6 2,690 Charitable activities 7 Ministries Running Costs 196,268 Education Supplies and Services 300,135 Total 499,093 NET INCOME/(EXPENDITURE) (5,966) RECONCILIATION OF FUNDS Total funds brought forward 222,661 TOTAL FUNDS CARRIED FORWARD 216,695 |
Restricted funds £ - - - - - - - 12,143 - 12,143 (12,143) 447,143 435,000 |
31.8.21 31.8.20 Total Total funds funds £ £ 80,001 75,192 - 570 401,098 421,671 4,192 8,017 7,836 8,045 493,127 513,495 2,690 428 208,411 163,885 300,135 323,356 511,236 487,669 (18,109) 25,826 669,804 643,978 651,695 669,804 |
|---|---|---|
The notes form part of these financial statements
Page 5
IMMANUEL LONDON
BALANCE SHEET
31 August 2021
| Notes XED ASSETS ngible assets 12 URRENT ASSETS ocks 13 ebtors 14 ash at bank and in hand REDITORS mounts falling due within one year 15 ET CURRENT ASSETS OTAL ASSETS LESS CURRENT LIABILITIES ET ASSETS UNDS 16 nrestricted funds estricted funds OTAL FUNDS |
Unrestricted funds £ 21,492 4,000 8,504 231,245 243,749 (48,546) 195,203 216,695 216,695 |
Restricted funds £ 435,000 - - - - - - 435,000 435,000 |
31.8.21 Total funds £ 456,492 4,000 8,504 231,245 243,749 (48,546) 195,203 651,695 651,695 216,695 435,000 651,695 |
31.8.20 Total funds £ 472,839 3,000 11,955 227,407 242,362 (45,397) 196,965 669,804 669,804 222,661 447,143 669,804 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. L Milton - Trustee
............................................. L Maxelon - Trustee
The notes form part of these financial statements
Page 6
IMMANUEL LONDON
CASH FLOW STATEMENT
for the Year Ended 31 August 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.8.21 £ 4,988 4,988 (1,172) 22 (1,150) 3,838 227,407 231,245 |
31.8.20 £ 63,530 63,530 (27,452) 50 (27,402) 36,128 191,279 227,407 |
|---|---|---|
The notes form part of these financial statements
Page 7
IMMANUEL LONDON
NOTES TO THE CASH FLOW STATEMENT
for the Year Ended 31 August 2021
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Increase in stocks Decrease in debtors Increase in creditors Net cash provided by operations |
31.8.21 £ (18,109) 17,517 (22) (1,000) 3,453 3,149 4,988 |
31.8.20 £ 25,826 19,078 (50) (1,500) 19,560 616 63,530 |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash | At 1.9.20 £ |
Cash flow £ |
Cash flow £ |
At 31.8.21 £ |
At 31.8.21 £ |
|---|---|---|---|---|---|
| Cash at bank and in hand | 227,407 | 3,838 | 231,245 | ||
| 227,407 | 3,838 | 231,245 | |||
| Total | 227,407 | 3,838 | 231,245 |
The notes form part of these financial statements
Page 8
IMMANUEL LONDON
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
The financial statements are presented in sterling (£).
Critical accounting judgements and key sources of estimation uncertainty
In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.
Useful economic life of tangible fixed assets:
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at a rate of 20% per annum on the written down value of furniture and equipment and 5% per annum on improvements to property in order to write them off over their estimated useful lives. Items costing less than £800 are fully written off in the year of purchase. Leasehold property is written off on a straight line basis over the term of the lease.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will 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 are recognised at their settlement amount.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
Page 9
IMMANUEL LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2021
1. ACCOUNTING POLICIES - continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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 settled at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 31.8.21 | 31.8.20 | |
| £ | £ | |
| Gifts | 65,712 | 61,472 |
| Gift aid | 14,289 | 13,720 |
| 80,001 | 75,192 | |
| OTHER TRADING ACTIVITIES | ||
| Fundraising events | 31.8.21 £ - |
31.8.20 £ 581 |
| Uniform Sales | 883 | 1,552 |
| Miscellaneous Income | 3,309 | 5,884 |
| 4,192 | 8,017 | |
| INVESTMENT INCOME | ||
| Rents received | 31.8.21 £ 7,814 |
31.8.20 £ 7,995 |
| Deposit account interest | 22 | 50 |
| 7,836 | 8,045 | |
3. OTHER TRADING ACTIVITIES
4. INVESTMENT INCOME
continued...
Page 10
IMMANUEL LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2021
| 5. INCOME FROM CHARITABLE ACTIVITIES Activity Subscriptions Ministries Running Costs School Fees Education Supplies and Services 6. RAISING FUNDS Other trading activities Opening stock Purchases Closing stock 7. CHARITABLE ACTIVITIES COSTS Ministries Running Costs Education Supplies and Services 8. SUPPORT COSTS Ministries Running Costs Education Supplies and Services Support costs, included in the above, are as follows: Ministries Running Costs £ Accountancy and legal fees 2,673 |
Direct Costs £ 205,738 299,221 504,959 Education Supplies and Services £ 914 |
31.8.21 31.8.20 £ £ - 570 401,098 421,671 401,098 422,241 31.8.21 31.8.20 £ £ 3,000 1,500 3,690 1,928 (4,000) (3,000) 2,690 428 Support costs (see note 8) Totals £ £ 2,673 208,411 914 300,135 3,587 508,546 Governance costs £ 2,673 914 3,587 31.8.21 31.8.20 Total Total activities activities £ £ 3,587 1,848 |
|---|---|---|
continued...
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IMMANUEL LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2021
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
10. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Immanuel Immanuel School |
31.8.21 £ 317,626 17,984 5,194 340,804 31.8.21 2 11 13 |
31.8.20 £ 288,729 15,479 4,408 308,616 31.8.20 3 11 14 |
|---|---|---|
No employees received emoluments in excess of £60,000.
The charity consider its key management personnel to comprise the trustees and senior management team. Total key personnel trustee remuneration and benefits are £34,448 (2020: £59,889).
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 75,194 Charitable activities Ministries Running Costs 570 Education Supplies and Services 421,671 Other trading activities 8,017 Investment income 8,045 Total 513,497 EXPENDITURE ON Raising funds 428 Charitable activities Ministries Running Costs 134,849 Education Supplies and Services 323,356 Total 458,633 NET INCOME/(EXPENDITURE) 54,864 |
Restricted funds £ (2) - - - - (2) - 29,036 - 29,036 (29,038) |
Total funds £ 75,192 570 421,671 8,017 8,045 513,495 428 163,885 323,356 487,669 25,826 |
|---|---|---|
continued...
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IMMANUEL LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2021
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted funds £ Transfers between funds (34,572) Net movement in funds 20,292 RECONCILIATION OF FUNDS Total funds brought forward 202,369 TOTAL FUNDS CARRIED FORWARD 222,661 12. TANGIBLE FIXED ASSETS Improvements Fixtures Long to and leasehold property fittings £ £ £ COST At 1 September 2020 260,214 226,655 36,459 Additions - - 1,172 At 31 August 2021 260,214 226,655 37,631 DEPRECIATION At 1 September 2020 7,296 32,429 14,073 Charge for year 2,432 9,712 4,713 At 31 August 2021 9,728 42,141 18,786 NET BOOK VALUE At 31 August 2021 250,486 184,514 18,845 At 31 August 2020 252,918 194,226 22,386 13. STOCKS Stocks 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Income tax recoverable |
Restricted funds £ 34,572 5,534 441,609 447,143 Motor vehicles £ 6,463 - 6,463 3,154 662 3,816 2,647 3,309 31.8.21 £ 4,000 31.8.21 £ (1,507) 10,011 8,504 |
Total funds £ - 25,826 643,978 669,804 Totals £ 529,791 1,172 530,963 56,952 17,519 74,471 456,492 472,839 31.8.20 £ 3,000 31.8.20 £ 11,856 99 11,955 |
|---|---|---|
continued...
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IMMANUEL LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2021
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Taxation and social security Other creditors MOVEMENT IN FUNDS Net movement At 1.9.20 in funds £ £ Unrestricted funds Immanuel Community 67,412 4,671 Havering Grange Centre 69,460 (92,603) Catalyst 350 - Toddlers 337 (12) Immanuel School 85,102 81,978 222,661 (5,966) Restricted funds Building Fund 252,918 (2,432) Property Improvement Fund 194,225 (9,711) 447,143 (12,143) TOTAL FUNDS 669,804 (18,109) Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds Immanuel Community 63,467 Havering Grange Centre 7,850 Toddlers - Immanuel School 421,810 493,127 Restricted funds Building Fund - Property Improvement Fund - - TOTAL FUNDS 493,127 |
31.8.21 31.8.20 £ £ - 943 7,194 4,559 41,352 39,895 48,546 45,397 Transfers between At funds 31.8.21 £ £ 13,454 85,537 89,780 66,637 - 350 (229) 96 (103,005) 64,075 - 216,695 - 250,486 - 184,514 - 435,000 - 651,695 Resources Movement expended in funds £ £ (58,796) 4,671 (100,453) (92,603) (12) (12) (339,832) 81,978 (499,093) (5,966) (2,432) (2,432) (9,711) (9,711) (12,143) (12,143) (511,236) (18,109) |
|---|---|
16. MOVEMENT IN FUNDS
continued...
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IMMANUEL LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2021
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds Immanuel Community Havering Grange Centre Catalyst Toddlers Immanuel School Restricted funds Building Fund Property Improvement Fund TOTAL FUNDS Comparative net movement in funds, included in the above a Unrestricted funds Immanuel Community Havering Grange Centre Toddlers Immanuel School Restricted funds Building Fund Property Improvement Fund TOTAL FUNDS |
Net movement At 1.9.19 in funds £ £ 53,159 2,253 83,176 (69,144) 350 - 191 146 65,493 121,609 202,369 54,864 255,350 (2,432) 186,259 (26,606) 441,609 (29,038) 643,978 25,826 re as follows: Incoming resources £ 58,833 8,180 591 445,893 513,497 - (2) (2) 513,495 |
Transfers between At funds 31.8.20 £ £ 12,000 67,412 55,428 69,460 - 350 - 337 (102,000) 85,102 (34,572) 222,661 - 252,918 34,572 194,225 34,572 447,143 - 669,804 Resources Movement expended in funds £ £ (56,580) 2,253 (77,324) (69,144) (445) 146 (324,284) 121,609 (458,633) 54,864 (2,432) (2,432) (26,604) (26,606) (29,036) (29,038) (487,669) 25,826 |
|---|---|---|
continued...
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IMMANUEL LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2021
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds Immanuel Community Havering Grange Centre Catalyst Toddlers Immanuel School Restricted funds Building Fund Property Improvement Fund TOTAL FUNDS |
Net movement At 1.9.19 in funds £ £ 53,159 6,924 83,176 (161,747) 350 - 191 134 65,493 203,587 202,369 48,898 255,350 (4,864) 186,259 (36,317) 441,609 (41,181) 643,978 7,717 |
Transfers between funds £ 25,454 145,208 - (229) (205,005) (34,572) - 34,572 34,572 - |
At 31.8.21 £ 85,537 66,637 350 96 64,075 216,695 250,486 184,514 435,000 651,695 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources Movement resources expended in funds £ £ £ |
|---|---|
| Immanuel Community | 122,300 (115,376) 6,924 |
| Havering Grange Centre | 16,030 (177,777) (161,747) |
| Toddlers | 591 (457) 134 |
| Immanuel School | 867,703 (664,116) 203,587 |
| Restricted funds | 1,006,624 (957,726) 48,898 |
| Building Fund | - (4,864) (4,864) |
| Property Improvement Fund | (2) (36,315) (36,317) |
| (2) (41,179) (41,181) |
|
| TOTAL FUNDS | 1,006,622 (998,905) 7,717 |
The building fund represents the net book value of the Havering Grange Centre.
The property improvements fund represents the value of replacement windows and new boilers for the Havering Grange Centre, which was purchased with a one-off restricted donation.
continued...
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IMMANUEL LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2021
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 17