**REGISTERED CHARITY NUMBER: 1172044**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **FOR**
**IMMANUEL LONDON**
**IMMANUEL LONDON**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 AUGUST 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Balance Sheet**||8||
|**Cash Flow Statement**||9||
|**Notes to the Cash Flow Statement**||10||
|**Notes to the Financial Statements**|11|to|19|
|**Detailed Statement of Financial Activities**|20|to|21|
**IMMANUEL LONDON**
## **REPORT OF THE TRUSTEES for the Year Ended 31 AUGUST 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. 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).
Page 1
**IMMANUEL LONDON**
## **REPORT OF THE TRUSTEES for the Year Ended 31 AUGUST 2024**
## **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. These measures have now largely scaled back to their pre-pandemic status.
## 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. This has continued this year. Church members have organised shopping and visits for some vulnerable members of the community. Food hampers were distributed to needy families. We have also put on a Christmas Feast for the more vulnerable families in our local community.
## 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 2
**IMMANUEL LONDON**
**REPORT OF THE TRUSTEES for the Year Ended 31 AUGUST 2024**
## **OBJECTIVES AND ACTIVITIES**
## **Public benefit**
The Trustees have had regard to the Guidance of the Charity Commission on public benefit which it fulfils through its principal objective stated above.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
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 £627,426 of which £86,878 was from Immanuel London, £10,108 was from Havering Grange Centre and £530,440 from Immanuel School. There was no restricted income in the year.
There was general expenditure of £654,566 of which £83,277 was from Immanuel London, £164,743 was from Havering Grange Centre and £394,793 from Immanuel School.. There were restricted depreciation costs of £11,753. The net income and expenditure in the year resulted in an overall deficit totalling £27,141.
The above deficit has left the Net Current Assets with a balance of £261,348. Depreciation against fixed assets was £15,063.
## **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**
We have further developed the front area of the site by widening and re-concreting the paths along the front of the building and continuing the improvements to the lawns. We have also placed 2 new storage units at the back of the main building. The exterior lighting along the back of the school building has been replaced. We have upgraded the emergency lighting around the site.
## **FUTURE PLANS**
We anticipate carrying out further improvements in the coming financial year. This includes finishing the development of the front area of the site. We also plan to replace all halogen lights with LED lights. There will be further maintenance carried out on the demountable buildings including the recladding of one of them. We will plan and re-route some paths around the site. We will begin to landscape the woodland area. Fundraising will begin with a view to developing the playground area.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a constitution, and is a Charitable Incorporated Organisation.
Page 3
**IMMANUEL LONDON**
**REPORT OF THE TRUSTEES for the Year Ended 31 AUGUST 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Recruitment and appointment of new trustees**
Trustees are recruited from within the church membership. They are active, reliable members, of reasonably long standing. They are people who clearly demonstrate their understanding and commitment to the vision and values of the church, are deemed to be of good Christian character, and give financially to the work of God in accordance with Biblical beliefs. Furthermore, they are people who demonstrate a competence commensurate with the fulfilment of the responsibilities of Trustees.
New Trustees are proposed by existing Trustees, in consultation with the Church Leadership, which has a veto over the appointment of any Trustee. New Trustees are invited to attend regular Trustees' meetings for an initial minimum period of 6 months, functioning in a probationary capacity, but with full decision-making power. After this probationary period, if approved by the existing Trustees and Church Leadership, they would normally be invited by the existing Trustees to take up the permanent role of a Trustee, with written confirmation of each appointment from the Chairman. After this, there would normally follow a discussion of the specific roles and functions of each new Trustee within the Board.
## **Management structure**
Immanuel London is led by its leadership team who provide the 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 Leadership team are responsible for the day-to-day management of the church's various activities under the oversight of the Trustees.
## **Induction and training of new trustees**
The formal invitation to become a Trustee 'on probation' would include a copy of the Charity Commissions publication outlining "Responsibilities of Charity Trustees", the latest of which is "The Essential Trustee: What you need to know" (July 2015). Each invitee is invited to spend a day in the Church Office, speaking to our administrative staff and reviewing past minutes and financial documents. Also, these invitees will both observe, and participate in, a number of Trustees' meetings before being formally invited to become a permanent Trustee, usually over a 6-month period. In addition, there is the opportunity for informal mentoring by an existing Trustee and an encouragement to attend external training or conference meetings as required by the Trust.
## **Key management personnel remuneration**
The remuneration of key management personnel is set by the trustees, taking into account the responsibility of the role, periodic benchmarking and current levels of inflation. Individuals take no part in discussions involving their own remuneration
## **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
## **Trustees**
L Milton S Milton L Maxelon
Page 4
**IMMANUEL LONDON**
## **REPORT OF THE TRUSTEES for the Year Ended 31 AUGUST 2024**
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
L Milton - Trustee
Page 5
**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 2024.
## **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 member of the Institute of Chartered Accountants in England and 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
Date: .............................................
Page 6
**IMMANUEL LONDON**
## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 AUGUST 2024**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
94,631
**Charitable activities**
5
Education Supplies and Services
495,376
Other trading activities
3
26,633
Investment income
4
10,786
**Total**
627,426
**EXPENDITURE ON**
Raising funds
6
-
**Charitable activities**
7
Ministries Running Costs
82,347
Education Supplies and Services
397,944
Shared Facilities
162,582
**Total**
642,873
**NET INCOME/(EXPENDITURE)**
(15,447)
**RECONCILIATION OF FUNDS**
Total funds brought forward
289,978
**TOTAL FUNDS CARRIED FORWARD**
274,531|Restricted
funds
£
-
-
-
-
-
-
-
-
11,754
11,754
(11,754)
428,465
416,711|31.8.24
Total
funds
£
94,631
495,376
26,633
10,786
627,426
-
82,347
397,944
174,336
654,627
(27,201)
718,443
691,242|31.8.23
Total
funds
£
116,270
476,836
27,648
9,182
629,936
-
73,247
365,516
126,059
564,822
65,114
653,329
718,443|
|---|---|---|---|
The notes form part of these financial statements
Page 7
**IMMANUEL LONDON**
## **BALANCE SHEET 31 AUGUST 2024**
||||||31.8.24|31.8.23|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|Total|
|||funds|funds||funds|funds|
||Notes|£|£||£|£|
|**FIXED ASSETS**|||||||
|Tangible assets|12|13,242|416,711||429,953|445,015|
|**CURRENT ASSETS**|||||||
|Stocks|13|4,000||-|4,000|4,000|
|Debtors|14|3,439||-|3,439|14,146|
|Cash at bank and in hand||299,777||-|299,777|305,406|
|**CREDITORS**||307,216||-|307,216|323,552|
|Amounts falling due within one year|15|(45,927)||-|(45,927)|(50,124)|
|**NET CURRENT ASSETS**||261,289||-|261,289|273,428|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**||274,531|416,711||691,242|718,443|
|**NET ASSETS**||274,531|416,711||691,242|718,443|
|**FUNDS**|16||||||
|Unrestricted funds|||||274,531|289,978|
|Restricted funds|||||416,711|428,465|
|**TOTAL FUNDS**|||||691,242|718,443|
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 8
## **IMMANUEL LONDON**
## **CASH FLOW STATEMENT for the Year Ended 31 AUGUST 2024**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash provided by/(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**|31.8.24
£
(6,679)
(6,679)
-
1,050
1,050
(5,629)
305,406
299,777|31.8.23
£
72,780
72,780
(3,495)
90
(3,405)
69,375
236,031
305,406|
|---|---|---|
The notes form part of these financial statements
Page 9
**IMMANUEL LONDON**
## **NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 AUGUST 2024**
## **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
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Net cash (used in)/provided by operations**|31.8.24
£
(27,201)
15,064
(1,050)
10,705
(4,197)
(6,679)|31.8.23
£
65,114
16,372
(90)
(9,317)
701
72,780|
|---|---|---|
**2. ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**|At 1.9.23
£|Cash flow
£|At 31.8.24
£|
|---|---|---|---|
|Cash at bank and in hand|305,406|(5,629)|299,777|
||305,406|(5,629)|299,777|
|**Total**|305,406|(5,629)|299,777|
The notes form part of these financial statements
Page 10
**IMMANUEL LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 AUGUST 2024**
## **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.
continued...
Page 11
**IMMANUEL LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Taxation**
## **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.
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**
|Gifts
Gift aid
**3.**
**OTHER TRADING ACTIVITIES**
Miscellaneous Income
**4.**
**INVESTMENT INCOME**
Rents received
Deposit account interest|31.8.24
£
75,343
19,288
94,631
31.8.24
£
26,633
31.8.24
£
9,736
1,050
10,786|31.8.23
£
93,294
22,976
116,270
31.8.23
£
27,648
31.8.23
£
9,092
90
9,182|
|---|---|---|
continued...
Page 12
**IMMANUEL LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024**
## **5. INCOME FROM CHARITABLE ACTIVITIES**
|Activity
School Fees
Education Supplies and Services
**6.**
**RAISING FUNDS**
**Other trading activities**
Opening stock
Closing stock
**7.**
**CHARITABLE ACTIVITIES COSTS**
Ministries Running Costs
Education Supplies and Services
Shared Facilities
**8.**
**SUPPORT COSTS**
Education Supplies and Services
Support costs, included in the above, are as follows:
Bank charges
Accountancy and legal fees|31.8.24
£
495,376
31.8.24
£
4,000
(4,000)
Support
Direct
costs (see
Costs
note 8)
£
£
82,347
-
394,793
3,151
174,336
-
651,476
3,151
Governance
Finance
costs
£
£
3
3,148
31.8.24
Education
Supplies
and
Services
£
3
3,148
3,151|31.8.23
£
476,836
31.8.23
£
4,000
(4,000)
Totals
£
82,347
397,944
174,336
654,627
Totals
£
3,151
31.8.23
Total
activities
£
19
5,217
5,236|
|---|---|---|
continued...
Page 13
**IMMANUEL LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024**
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
## **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 Community
Immanuel School||31.8.24
£
356,571
20,116
6,726
383,413
31.8.24
3
14
17||31.8.23
£
338,112
19,811
6,448
364,371
31.8.23
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 £75,142 (2023: £75,244).
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
116,270
**Charitable activities**
Education Supplies and Services
476,836
Other trading activities
27,648
Investment income
9,182
**Total**
629,936
**EXPENDITURE ON**
Raising funds
-
**Charitable activities**
Ministries Running Costs
73,247
Education Supplies and Services
365,516
Shared Facilities
113,825
**Total**
552,588|Restricted
funds
£
-
-
-
-
-
-
-
-
12,234
12,234|Total
funds
£
116,270
476,836
27,648
9,182
629,936
-
73,247
365,516
126,059
564,822|
|---|---|---|
continued...
Page 14
**IMMANUEL LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024**
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**12.**
**TANGIBLE FIXED ASSETS**
Improvements
Long
to
leasehold
property
£
£
**COST**
At 1 September 2023 and
31 August 2024
260,214
244,925
**DEPRECIATION**
At 1 September 2023
14,762
61,912
Charge for year
2,603
9,151
At 31 August 2024
17,365
71,063
**NET BOOK VALUE**
At 31 August 2024
242,849
173,862
At 31 August 2023
245,452
183,013
**13.**
**STOCKS**
Stocks
**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Income tax recoverable|Unrestricted
funds
£
77,348
212,630
289,978
Fixtures
and
fittings
£
41,126
26,268
2,971
29,239
11,887
14,858
|Restricted
funds
£
(12,234)
440,699
428,465
Motor
vehicles
£
6,463
4,769
339
5,108
1,355
1,694
31.8.24
£
4,000
31.8.24
£
(2,285)
49
5,675
3,439|Total
funds
£
65,114
653,329
718,443
Totals
£
552,728
107,711
15,064
122,775
429,953
445,017
31.8.23
£
4,000
31.8.23
£
6,473
18
7,655
14,146|
|---|---|---|---|
continued...
Page 15
**IMMANUEL LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024**
## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||31.8.24|31.8.23|
|---|---|---|
||£|£|
|Taxation and social security|5,425|5,993|
|Other creditors|40,502|44,131|
||45,927|50,124|
## **16. MOVEMENT IN FUNDS**
|**Unrestricted funds**
Immanuel Community
Havering Grange Centre
Catalyst
Toddlers
Immanuel School
**Restricted funds**
Building Fund
Property Improvement Fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as
**Unrestricted funds**
Immanuel Community
Havering Grange Centre
Immanuel School
**Restricted funds**
Building Fund
Property Improvement Fund
**TOTAL FUNDS**|At 1.9.23
£
126,956
57,862
350
716
104,094
289,978
245,452
183,013
428,465
718,443
follows:|Net
movement
in funds
£
3,541
(154,635)
-
-
135,647
(15,447)
(2,603)
(9,151)
(11,754)
(27,201)
Incoming
resources
£
86,878
10,108
530,440
627,426
-
-
-
627,426|Transfers
between
At
funds
31.8.24
£
£
5,603
136,100
121,232
24,459
-
350
(122)
594
(126,713)
113,028
-
274,531
-
242,849
-
173,862
-
416,711
-
691,242
Resources
Movement
expended
in funds
£
£
(83,337)
3,541
(164,743)
(154,635)
(394,793)
135,647
(642,873)
(15,447)
(2,603)
(2,603)
(9,151)
(9,151)
(11,754)
(11,754)
(654,627)
(27,201)|
|---|---|---|---|
continued...
Page 16
**IMMANUEL LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024**
## **16. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1.9.22
in funds
£
£
**Unrestricted funds**
Immanuel Community
105,415
15,367
Havering Grange Centre
56,842
(109,621)
Catalyst
350
-
Toddlers
357
-
Immanuel School
49,666
171,602
212,630
77,348
**Restricted funds**
Building Fund
248,054
(2,602)
Property Improvement Fund
192,645
(9,632)
440,699
(12,234)
**TOTAL FUNDS**
653,329
65,114
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
Immanuel Community
88,722
Havering Grange Centre
9,241
Immanuel School
531,973
629,936
**Restricted funds**
Building Fund
-
Property Improvement Fund
-
-
**TOTAL FUNDS**
629,936|Transfers
between
At
funds
31.8.23
£
£
6,174
126,956
110,641
57,862
-
350
359
716
(117,174)
104,094
-
289,978
-
245,452
-
183,013
-
428,465
-
718,443
Resources
Movement
expended
in funds
£
£
(73,355)
15,367
(118,862)
(109,621)
(360,371)
171,602
(552,588)
77,348
(2,602)
(2,602)
(9,632)
(9,632)
(12,234)
(12,234)
(564,822)
65,114|
|---|---|
continued...
Page 17
**IMMANUEL LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024**
## **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**|At 1.9.22
£
105,415
56,842
350
357
49,666
212,630
248,054
192,645
440,699
653,329|Net
movement
in funds
£
18,908
(264,256)
-
-
307,249
61,901
(5,205)
(18,783)
(23,988)
37,913|Transfers
between
funds
£
11,777
231,873
-
237
(243,887)
-
-
-
-
-|At
31.8.24
£
136,100
24,459
350
594
113,028
274,531
242,849
173,862
416,711
691,242|
|---|---|---|---|---|
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
resources
expended
£
£|Movement
in funds
£|
|---|---|---|
|Immanuel Community|175,600
(156,692)|18,908|
|Havering Grange Centre|19,349
(283,605)|(264,256)|
|Immanuel School|1,062,413
(755,164)|307,249|
|**Restricted funds**|1,257,362
(1,195,461 )|61,901|
|Building Fund|-
(5,205)|(5,205)|
|Property Improvement Fund|-
(18,783)|(18,783)|
||-
(23,988)|(23,988)|
|**TOTAL FUNDS**|1,257,362
(1,219,449 )|37,913|
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 18
**IMMANUEL LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024**
## **17. RELATED PARTY DISCLOSURES**
The aggregate total amount of donations by Trustees to the charity during the year was £8,270.00.
There were no other related party transactions during the year.
Page 19
**IMMANUEL LONDON**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 AUGUST 2024**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**for the Year Ended 31 AUGUST 2024**|||
|---|---|---|
||31.8.24|31.8.23|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts|75,343|93,294|
|Gift aid|19,288|22,976|
|**Other trading activities**|94,631|116,270|
|Miscellaneous Income|26,633|27,648|
|**Investment income**|||
|Rents received|9,736|9,092|
|Deposit account interest|1,050|90|
|**Charitable activities**|10,786|9,182|
|School Fees|495,376|476,836|
|**Total incoming resources**|627,426|629,936|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Opening stock|4,000|4,000|
|Closing stock|(4,000)|(4,000)|
||-|-|
|**Charitable activities**|||
|Wages|356,571|338,112|
|Social security|20,116|19,811|
|Pensions|6,726|6,448|
|Rates and water|20,743|18,881|
|Insurance|14,461|13,859|
|Light and heat|33,920|22,768|
|Telephone|3,522|2,744|
|Sundries|67|144|
|Charitable Gifts|13,648|10,387|
|Hospitality and events|7,098|9,211|
|Youth Events|1,388|916|
|Equipment|21,655|12,622|
|Repairs & Maintenance|79,802|42,902|
|Travelling|3,290|3,672|
|Printing, Postage & Stationary|3,895|5,490|
|Computer Costs|11,532|6,370|
|Conferences and Training|4,751|1,387|
|Educational Expenses|29,506|16,859|
|Carried forward|632,691|532,583|
This page does not form part of the statutory financial statements
Page 20
**IMMANUEL LONDON**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 AUGUST 2024**
|**for the Year Ended 31 AUGUST 2024**|||
|---|---|---|
||31.8.24|31.8.23|
||£|£|
|**Charitable activities**|||
|Brought forward|632,691|532,583|
|School Trips|-|7,036|
|Bad debts|822|942|
|Licences|2,899|2,653|
|Long leasehold|2,603|2,602|
|Improvements to property|9,151|9,632|
|Fixtures and fittings|2,971|3,714|
|Motor vehicles|339|424|
|**Support costs**|651,476|559,586|
|**Finance**|||
|Bank charges|3|19|
|**Governance costs**|||
|Accountancy and legal fees|3,148|5,217|
|Total resources expended|654,627|564,822|
|**Net (expenditure)/income**|(27,201)|65,114|
||||
This page does not form part of the statutory financial statements
Page 21