**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:**
- Objects: - the provision of public meetings for the worship of God and for prayer;
- the instruction and edification of Christians;
- the evangelisation of non-Christians; and
- - the preparation, discipling and education (including religious education) of young people and children from a Christian biblical worldview.
## Core Values:
- Intimacy with God - growing in our relationship with God is our highest priority
- Worship - we desire to be a community that values worship as a lifestyle
- Prophetic - we desire to be a prophetic community in both word and action
- Prayer - we value the importance of personal and corporate prayer
- Community - we have a heart to share our lives together in community
- Discipleship - we value cross generational discipleship
- Kingdom Vision - we are committed to an area wide perspective and strategy, and to serve, resource and learn from the wider church
- 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:
1. accounting records were not kept in respect of the Trust 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.
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...
Page 11
**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...
Page 12
**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...
Page 13
**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...
Page 14
**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...
Page 15
**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...
Page 16
**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