Charfty r•glstrntion number 1177439 IEngland and Wales) EMMANUEL CHURCH, EASTBOURNE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Caladine Chorlered CertiFied Accountanks
EMMANUEL CHURCH, EASTBOURNE LEGAL AND ADMINISTRATIVE INFORMATION Trustsgs C Augar R Cafyn C Coules P Easton M Howarth C Jewell P Plowman A Reid M Ri¢hard8 A Sharp Rev M Shahbaz l¢x4thch)I J srM¢Y Rgv P Tabraham lex-officio} R Graham Charlty nUMr 1177439 Prln¢lp•l addre8• Emmanugl Church 48A Upp¢rton Road Eastbourne BN21 1LQ Independ•nt •xamln•r John Caladlne FCCA CTA FCIE Cal8dine Llmilgd Chanty House 22 Upporton Road Easlbourne Ea81 Sussex BN21 1BF B•nk•rn Trustees for Methodist Church Purp08e8 Centr81 Finance Board of the Methodlsl Church CAF Bank Llmited 25 Kings Hill Avenue Kings Hlll West Malling Kent ME19 4JQ HSBC 94 Terminus Road Easlboume East Sussex BN21 3NO
EMMANUEL CHURCH. EASTBOURNE CONTENTS Page Truslee$' report Independent examinorfs report Statement of flnanclal actlvifjes Statemgnl of fin8nrAal po8ltlon Statement of cash flow8 Notes to th8 Ilnanclal Statements 9-22
EMMANUEL CHURCH, EASTBOURNE TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their annual report and flnancial ststements for the year ended 31 August 2024. The fin8ncial statements have been prepared in accordance wth the accounting policies set out in note 1 to the flnancial slalements and comply wth the Church's Conslitulion. the Charitles Act 2011 ond "Accounting and Reporting by Charibes.. Stslemenl of Recommended Practice applicable lo charrties preparing thèir accounts in accordance wth the Flnancial Repoib'ng Standard applicable in the UK and Rapublic ol Ireland (FRS 1021 (effective 1 January 20191.. ObJeGtIvoB and actlvltlgs The purposes of the Church are and shall be d8emod to have baen slnce the dale of fomialion :_ lal the advancemant of thè Chrlsllan Faith in accordance th the doctrinal ¥tsndard8 and the dlsrypline of the M8lhodisl Church and Unlled Refomed Church., Ibl any Charitable purposè for the tlme being ol any connèxlon81. d18trlcl, clrcuit. local or othw organi$alion of the Malhodl81 Church and Unlled Refomed ChuTCh', {cl any Charitable purpose for the lime being of •ny soclety or Institution sub8idiary or ancillary lo tho Methodl8t Church and United Reformed Church., Idl any purpos8 foT the time belng of any Soclely boing a Charty subsSdlary or anollary to the Methodi$l Church and Unlled Refofmed Church. In achkving ils purpose, th• Charlty wlll engage in a range of act1lIes, either on ils own Dr 1th others, includlng Ibul not restricted lol.. 11 the G¢lebratlon of publlc worshlp ill the leachlng of the Christian Faith lill mission and evangelism iv) pastofal work, includlng vi$illng the 8Ick and the ber•4ved vl the provislon of facilities wlth 8 Christian eth08 for the lo¢al communlty, Including (but not restrlcled lol the elderfy, the young and other groups with speci81 needs vil the support of other charrtie5 in the UK and overseas Publlc bontflt statement The Trustees have pald due regafd lo guidance i88ugd by the Charity Commission in deciding what activi1185 the Church sh1 undertake. Achi•vements and porfemiance Emmanuel Chureh, Ea8lbourne, is a church 8nd charity that came into being in January 2018 85 a partnershlp beeen four Melhodlst and United Reformed Churches in E8$lboume. We are 8 Singl&Congregalion Local Ecumeni¢al Partnership, formed from four consllluenl churthes.. Central and Greenfield Methodist Churche5, Sl. Andfews and Upperton United Reformed Churche8. We use the model Constitution and Sharlng Agreement required by both denominations. Emmanuel Church exists lo celebrate the love of God In worship and fellowship, and ensuring the pastoral care of 811 its members 8nd adherents. We seek to Ilve out our calling through a mlnistry of care and compassion lo the community wè serve,, consequently, a great deal of our activity as a church involves various groups locally. For example, our children and families work indudes running our Jenny Wren Nursery, Little Wrens Toddlers. Messy Church and various events throughout the year. We engage with people who may be vulnerable through reasons of povety, isolation or homelessness, supportlng them in partnershlp with a number of local charities and organisth'ons. We raise considerable funds for a numb9r of charitable resources I011Y and nationdly, and we are an active partner In Churche5 Togelhol for Eastboume.
EMMANUEL CHURCH, EASTBOURNE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The building project relating lo the Emmanuel Scheme has ccffle to completn. In Septemb8r 2023 Emmanuel moved into our new premises and the chureh has been beginning ils new life and serving a new communly area in Eastboume. During 2024 Emmanuel Spent 8 considerable of period of time simply settling into the new environment. dealing with the construction Company and contractors during the 'snagging' phase, and progressing the sale of Greenfield Methodist Church premlses - the premises we used during the construction phase. On 2nd February 2024 the Greenfield premis85 was sold, and the Methodist Cha1 Ald loan repaid, wth the residual funds alloc8led to Emmanuel Church, Eastbourne lo support the final payments of thè construction of the new church premises, In the midst of a very full year, the church hosted the Methodist Modem Art Collection for a month in May 2024 - 'New Wision, an exhibition which brought in people from across the ¥outh e88t. groups, schwls, thur¢he$. wonderful showcase of the new church and premlsg$. Al the lime or wrillng, the financial component of the murti-million pound scheme is nearing an end- a lestamenl to the remarkable planning, fund-raising, granl-opplying efforts of the Emmgnugl people and extraordinary support from our dènominations and 6xtemal bodles allke. Having combined church congreg8tion5, ratlonali$aJ buildings. and consolidated it8 strengths into one. Emmanuel con88quenlly 8tand$ al the beglnning of a new phase. The next few year$ will Include our continued sgttling Into the new premises, while expanding our sense of mission In the community In whlch we Ilve. Thls will comé through slrenglhening existing relationships, developt'ng new ones, aThJ being an éffeetlve Christian presence In Easlbourne. We are determinèd lo be 8 sign of hcpe ond place of worship and welcome in a very uncertain world reslaling and somellmès reshaplng our Methodist and Refom18d Iraditlon$ so that we remaln relgvanl In the lima and place we're Gall¢d to love and serve God and our neighbour. FSnanclal revl The church r¢¢orded a surplus of £563,718 In the year ended 31 August 2024 on all funds 8811 conllnuod work on the new church building project12023.' defiGil 01 £1,297,232). At the end of the ye¥ the church had posllive fvnds of £46.64312023'. overdrawn fvnds of £517,075) of whlch £42,361 were unreslri¢t¢d12023,' £634,855). Re8er4e8 pollcy It is the policy of the Church that unreslrictad funds which have not been designatèd for a specific u8e Should be maintsined al a level 6qulvalent lo e1ve month's worth of ministerial cosls1£120.000) plus the Ilkely cost of staff redundancy paymants1£8,0001 lo a total 01 £128,000. The Trustee8 considers Ihot resèrves al thi6 level will ensure that, In the event of a $ignSficanl drop in funding. they will be able lo continue the Church's current actlviti'e¥ whilo consideration is given lo ways in whlch additional funds may be r8ised. This has not been attalnable recent years becau88 of the conslructlon of a new church bullding which has slgnlficanlly affected reseNe8 held. The Chur¢h hop88 lo address this situation now that the building has bo¢n finished. Rlsk &8sessment The Trustees ha8 assessed the major risks to whlch the Church 18 exposed, and are $*isfièd that systems are in place lo mlllg81e exposvre lo the ma)or dsks. structur01 governafico and management The Church is governed by its conslilulion for a Single C¢Jngragallon Local Ecumenical Partnership ISCLEPI adopted 7 January 2018 and registered wlth the Charity Commission on the 6 March 2018.
EMMANUEL CHURCH, EASTBOURNE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees who Served during the year and up to the date of signatUTe of the financlal statements were.. CAuger T Bacon R Caffyn P Chamberfaln C Coules P Easton J Gray M Howarth C Jewell P Plowman A Reid M Rthard8 A Sharp Rev M Shahl)az lex-offido) J stlrmey Rev P T8braham lex-offido) R Giaham (Resigned 29 January 20251 IRe8igned 1 December 2023) {Dece888d 10 October 20241 Exdfi¢lo Tru8tees are the mlnist•rs of the LEP. There can be a maximum of 16 •l•clèd Trustees and 12 co-opted Trustees. Truglees are elected after being nomlnaled and voted at a CongrogatlonAI Meellng. None of the Truslges ha8 any beneficlal Inter881 In the LEP. The day lo day operatson of the church 1$ laad by Rev P Tabraham and Rov M Shahbaz together wpport, pastoral and 8dmini8tralive stsff Subject to the overslght of the Truslges. Trusto8 tralnlng Specific support Iralnlng and guKlanGe 1$ given to the Trustees by the Malhodi$l and United Refomied Churches. The Tru5tee¥' r¢port was approved by thg Board of Trustees. Rev P Tabraham lex-¢)fficio) Chalrnian of Truste 2 May 2025
EMMANUEL CHURCH, EASTBOURNE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EMMANUEL CHURCH, EASTBOURNE I report to the Trustees on my examinatlon of the flnancial slalemenl$ of Emmanuel Church, Eastboume {th8 Churchl forthe year end9d 31 Augu$l 2024. Rosponslbllitles and basll of report As the Tfuslees of the Church you are respons1e fcf the preparation of the flnancial statements in accordanee wlth the requirements of the Charities Act 2011. I rèport in respect of my examination of the Church's finanaal slalemenls carried out under 8ectk)n 145 of the Charits'es Act 2011. In carrylng out my examination I have foll¢)wed the Directions given by the Charty Commission under section 14515}Ibl of the Charllles Act 2011. Indop•ndent examlnerfs stat•m8nt Since the Church's gros5 incorne exceeded £250,000. the Independent èxamin9r must be a member of a bo listed In section 145 of the Ch*rities Act 2011. 1 confirm that l am quallflèd lo undertake the examination because I om a member ofACCA, which is one of the li8ted b¢)dies. Your att6nlion Is drawn to the fa¢1 that thè charlty h88 prepared the flnanelal statements in a¢cordan¢e whh the relevant ver8ion of the Slalgm8nl of Reeomm8nd8d Practice applicabb lo charities preparing their financial slalemenls in accordanco with th¢ Financlal Reporting Stsndard applicable in the UK and Republlc of Ir¢l8nd IFRS 1021 in preference to the Accounting and Reporting by Charities.. Slalemènl of Recommended Practlce Issued on 1 April 2005 which is referred lo In tho exlanl regulations bul has now been wlhdrawn. l understand that Ihls has been done in order for the flnanclal 8ts18menl8 lo provide a true and fair vlaw in accordanGg with UK Generally Accepted Accounting Practlce. I havè completed my ex8min8tion. l Conflm th81 no matters have como lo my attentlon In conneGllon wllh the examination glvlng me cause lo bellev• that In any m8terlal respect.. aecounlin9 records were not kept in respect of the Church as requir¢d by section 130 of the Chartlles Act 2011. the financi81 slalemenl$ do not accord with those rgcord$', or the finan¢lal statements do nol comply with the applicable roquirementB Gon¢¢rnlnp the fom and content of rinanclal slalamènts sel out in the Chariti¢$ (Aceounts and Reports) Regulations 2008 other thon any requiTemènl that the financSal ststements give a true and falr view, which is not 8 matter con8idered as part of an independent examination. I have no concems and have come acr088 no other matters in Connectlon wllh the examination lo whlch attendon should be drawn In this report in order to enable a proper understanding of the finanoal StaI¢mlS to be reached. John Caladlne FCCA CTA FCIE Caladine Llmited Chantry House 22 Upperton Road Eastboume East Sussex BN21 1BF 2 May 2025
EMMANUEL CHURCH, EASTBOURNE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Curr•nt flnanclal year Unrestrlctsd funds 2024 Restrlcted Endowment funds funds 2024 2024 Total Totsl 2024 2023 Not•8 Income and end0nts from: Donatsons and legaue8 Charitsble acty"vllie8 other Iradlng aclivilies Investmen18 Other income 133,462 683,152 48,026 816,614 48,026 12,129 9,258 3,827 343,097 43.899 12,129 9,258 3,627 2.058 Total Incom• 158,476 731.178 889,654 391.898 Exp•ndltur• on: Chantabk actlvill88 Other co818 for the Emmanuel Church new building project 211.900 74,435 288,335 225,858 1) 39,883 39.883 1,463, 182 Total exp•ndltur• 211.900 114,118 326.018 1,689,040 Net galng111¢)$8e81 on Investmen18 14 82 82 1901 N•t Incomèl{exp•ndlturel {53,424) 617,C60 563,718 11,297,232) Transfers betsveen fund$ 24 (539,070) 539,070 N•t mov•ment In funds {592,4941 1,156,130 82 563.718 {1,297,232 Roconclll•tSon of funds: Fund balances 811 September 2023 834.855 1,153,328) 1.398 1517,0751 780,157 Fund bal4ncg8 at 31 Augu•t 2024 42,3fj1 2,802 1,480 46,643 1517,0751
EMMANUEL CHURCH, EASTBOURNE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Prlor flnanclal year Unrestricted funds 2023 Restrlcted End0vent funds funds 2023 2023 Total 2023 Income and endobwnents from: Donations and 1ggaae8 Chaiitable a¢llvitl08 other tradlng activitie8 Investments 121,396 221,701 43,899 343.097 43.899 2.844 2,844 1,957 101 Total InGome 126,197 285.701 391,898 Expendlture on: Charitsblo actlville$ Other costs for the Emmanuel Churth now building project 158,913 68.945 225,858 13 1.463.182 1,483,182 Totsl oxpendltur• 158,913 1,530,127 1,889.040 Nel galn8111088esl on Investment8 14 1901 1901 Nel Incom• {32,7181 11,284,428} 901 11,297,232) Transfer8 betsveen furKJ• 12,0061 2.006 Not mov•m•nt In fund• 134,722) 11,282,420) {90) {1,297.232) Reconclllatlon of funds: Fund balances al I September 2022 669,577 109,092 1,488 780,157 Fund balances at 31 August 2023 634.855 11,1 $3,328) 1,398 1517,0751
EMMANUEL CHURCH, EASTBOURNE STATEMENT OF FINANCIAL POSITION ASAT31 AUGUST2024 2024 2023 Flxed ¥$¥ets Property. plant and equipment Investments 16 17 2.702 1,480 4.936 1,398 4,182 6,334 Curront aSS0ts Trade and other ieceivables Cash at bank and in hènd 14,331 335.389 21,144 188,369 19 349.720 1307,2591 209.513 1732.9221 Cyiront Ilabllltl•s 21 N&1 current a$sotsllllablliti88} 42.461 {523.4091 Total A•s•ts lesj Gurrent Il•bllltl 46,643 1517.0751 Capltal funds Endowmenl fvnd$- general Income funds R6slrlcted lunds Unrestricted furKIs 23 1,480 1.398 24 20 2,802 42.381 11,153,328) 634,855 46,643 (517,075) The finandal statements were approved by the Tru8tees on 2 May 2025 Rev P Tabraham {ex-officaol Chalrnian of Trust•es A Reid Tr¢asurnf
EMMANUEL CHURCH, EASTBOURNE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notsg Cajh flow8 from operatlng #ctlvltl Cash generated fromllab8orbed by) operations 29 390.541 1841,8451 Invo•tlng actlvltles Purchase of propety, plant and equlpment Investment income received {8,170} 2,058 9.258 Net cash genorat•d fromllu•od Inl Inve•tlng Jctlvltlès 9,258 14,112} Flnanclng actlvltle8 Repayment of bank loan8 252,7791 552.779 N•t cash lus•d Inyg•n•r•t•d from flnanclng actlvltles 1252.779) 552,779 Not Increasel{decrea8•} In ¢•8h and ca•h ulvalents 147,020 (293,1781 Cash and cash equlvalents at beginnlng of y68r 188,389 481.547 Ca•h Qnd ca•h •qulvalont• at ond of year 335,389 188.369
EMMANUEL CHURCH, EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcl88 Charlty Inforn)atlon Emmanuel Church. Eastboume is a chawi1ae Local Ecumenical Partn8rship ILEPI trust govemed by r(s Constitution adopted 7 January 2018. 1.1 Accountlng convonllon The flnancial stalemanls have been prepared in accordance with the Chureh's Conslilution, the Charilles Act 2011 and "Accounting and Reporting by Chariliès.. Slatem8nl of Recommended Practice applicable lo charitie8 preparing thèir accounts in accordance th the Financi31 Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 {effectlve 1 January 2D191'. Thg Churth Is a Publlc Benefit Entity as defined by FRS 102. The financial slalements have d8p8rted from Ihe Charities (Accounts and Reports} Regulallons 2008 only to the ext8nl requifed to provide a tru8 and fair view. This departure has involved folln9 the Ststemenl of Recommended Practice for charitie8 applying FRS 102 rather than the verslon ol the Ststement of Recommended Pracllce which18 referred lo In the Regulations but which has sin¢e been vhlhdrawn. The financlal slalements are prepared In sterling. which is the functI¢2nal currency of the Church. Monetary amounts in these financial statement5 ar¢ rounded lo the ne8$t £. The financial $tol$men18 have been prepared under the hlslorkal co$1 ¢onvanllon. The princlpal accountlng pollcie8 adopted are $&t out below. 1.2 Golng conc•rn Based on the Infomallon provided In Nolo 27 81 the Ume of approvlng the flnandal slalements, the Trustees have a reasonable expectation th81 the Church has adequale re$our¢ès lo continue in operatlonal exlslence for the loreseeablè future. Thus the Tru81ees conllnue to odopl the going concern basi$ of accounting In prepartng the finandal st81ements. 1.3 Charltsbl8 funds Unrestricted fund8 are available for use 8t the di8crellon of the Trustees In furtherance of Ihelr charitable objectives. ReStrad fiJnd8 are suble¢t to speciflc condltlons by donors or grantors 05 lo how they may be used. The purposes and u8e8 of the reslri¢t¢d fvnds are Set out in the note8 lo the flnanci81 statements. Endowment funds ore Subject to Spedfic condttions by donors that the c4pitsl must be maintained by th8 Church. 1A Income Income is recognised when the Church is legally enlllled lo It after any perfomance condition$ have been met, the amounts can be me88Ufed reliably, and it is probable Ihal income will be Teceived. Cash donations are recognised on receipt. Other donations are recognised once th8 Church has teen notified of the ¢Jonalion, unless performance conditions requlre deferral of the amount. Tax recoverae In relation to donations recelved under Gift Aid Of deeds of covenant is recognised 81 Iho lime of the donation.11 Is the policy that these sums are credited lo the General fund then disbursed aordinglY. Legacies are recogni$8d on receipt or othenlSe if the Church has been notified of an impending distribution, the amount is known. and reeelpl is expected. If the amount is not known. the legacy 1$ treated as a conllng8nt a8seL
EMMANUEL CHURCH. EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollclgs IContlnu•d) 1.6 Expendlture Liabilities are reeognised when a constructive obligotion exlst8, the payment is probable and the 019allOn can be measured or eslimaled rellably. Rgsour¢ès expended are allocated lo the pa.¢Ier cost centre lo which they relate and Include Ie¢oVer0b1e VAT. 1.6 Proporty, plantand equlpmont Property, fixtures and equipment are initially measured al co81 8nd $ub$equently measured al cost or valuallon, net of depreciation and any impairment lo¥$e$. Depreciation is recognised so as lo wre off the ¢081 or valuallon of assets less thèlr resKlual values over their useful lives on the followlng ba81s.' Flxtures and equipment 20% on a straight Ilne bag18 The gain or Ioss arfsing on the disposal of an 8$sel 18 determlned os the dlfforence b8tsveen the $818 proceed8 and the carrylng value of the a3sel, and 18 r8CO9nlsed In the statement ol financial ath'vrti•s. Land •nd Bulldlngs A legally binding sharing agreement safegu8rd8 both denomlnallon8 vested flnandal Interests In Ihg slle and premises. which have been prèpared In accordance wlth belng a single congregational local ecumgnical partner$hip. The Emmanuel Church, Upperton Road 18 owned by the United Relormed Churth {Southern Synod) Tru81. The beneficial ownership of thè Manses at Decoy Drfv8 and Klngs Avenue are th tha Central Sussex Lknited Area ol the Melhodisl Church and the United Reformed Church (Southern Synod) Trust. Emmanu81 Church are ro$ponsible for the running costs of the Unlted Reforned Manse in Klng$ Avenue. The manse running co818 of the Methodist property in Decoy Drlve are the responslblllty of the Central Sussex United Ar¢a. 1.7 Nonwcurrent Investments Fixed 8ssel investments are inillally mta$ured al tr8ns8cllon prlce exdudlng transaction costs. and are subsequently measured al fair value at each reportlng dale. Changes in falr value are recognised in n81 incomellexpondhurel for the year. Transadion costs are expensed a5 in¢urr&d. 1.8 Impalmiont of non•curr•rtt assets At each reporting end date, the Chur¢h reviews the carying amounts of f(s tangiblg assets lo detemiine whether thore is any indlcalion that those assets have suffered an impaimienl loss. If any such Indation exists, the recovèrable amount of the asset 15 estimated in order lo determine the extent of the impalrmenl loss lif any}. 1.9 Cash and cash equlvalonts Cash and cash equivalents include cash in hand, deposlls held at call with banks, other short-lefm liquld investments with original maturflles of three months or less. and bank overdrafts. Bank overdrafts are shown withln borrowings in curnt li8bllltle8. 10-
EMMANUEL CHURCH, EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Accountlng pollcles Icontlnugdl 1.10 Flnanclal In$trum•nt8 The Church has elected to apply the provlslons of Sectlon 11 'Basic Flnan¢ial InstnJments' and S8Ction 12 'other Flnancial Instruments Issues, of FRS 102 to all of Its financial instruments. Flnancial instruments are recognised in the Church's bala8 sheet when th¢ Church becomes party lo the contractual provi$lons of the instrument. Flnanclal assets and Ilabllllles are offset, with the net amounts presented in the financial slalements, when there is a legally enforeeable right lo set off the recognised amounts and there is on intents.on lo see on 8 nel basis or to realisè the 8Sget and settle the liability slmullaneously. Baslc Ilnancl•l •ssets Basic financial gssets. whlch Include trade and other rec8lv8ble8 and cash and bank b81ance8, are inlllally measured * transaction price Including transaction co818 and are subsequenuy carrfed at amortised cost using the effective Interest method un18ss the arrangement con81I1ulgs a financing transaction, where the transaction is measured at the present valug of thè ftstuffj receipts discounted at 8 mafkel rate of interest. Financial 8ssds classified as receivable wthin one yeai are not arnortisgd. 8•slc flnancl•l11obllltl•$ Basic financial liabilities. including trgde and otheT payable8 8nd bank loan8 arè Inllially recogTr13ed al tr8nsaclion price unless the 8rrangemenl ¢on$lllul88 a financing Iransactlon, where the debt instrument Is measur¢d al the present value of thg future payment8 dlscounled at 8 market rate of Interest. Finan¢i41 Ilabfjlilies Gl¥$$ifi¢d as payable wilhln one year are not amortised. Oebl in¥trum8nt8 are Subsequently carriod 81 amortlsed c08t, uslng the 8ffectlve Intere81 fate method. Derecognltlon of flnanclal 118bllltles Financial liabllilles are derecognl8ed whon the Church's contractual obllgalion$ explre or are dlschaTged or cancelled. 1.11 Employw beneflts The cost of any unused hollday enllllem8nt 18 recognlsed In the pgrlod In which tha employee'8 8ervlce8 arg received. Temiination bengfils are recognised immedi8lely as an expense when the Church is demon8trably ccfflmitted to l&miinate the employment of an empioyeo or to providè termination beneffts. 1.12 Rotlrnment bonoflts Payments lo defined conlribullon rellremenl benefit s¢h8mes are charged as an expen8e as they fall due. 1.13 T•xatlon In the oplnlon of the Tru$le¢$ the charflls s0mng reurCeS are not sublect lo Corporation Tax. crftlcal accountlng estlmatgs and Judgem•nts In the applicabon of the Church's accounting pdicles, the Tru8tee$ are required ID make ludgemertS, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimalas and associated assumptions are based on historical experience and other faclofs that are considered lo be relevant. Actual resurts may differ from these ests"mates. The estbmates and underfying assumptions are reviewed on an ongolng b8sis. Revisions to accounting estimates are recognised in the riod in which the estimate 15 revised where the T8vision affects (lY that perlod, or in the period of the revision and future periods where the revision affects both current and future periods. 11
EMMANUEL CHURCH, EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Incom• from donations and l•g•cle$ Unr•8trlctsd Rgstrfthd funds fund8 2024 2024 Tt)tsl Unrostrietsd Rostrlct8d nds funds 2023 2023 Total 2024 2023 Donallon5 and gifts 133,462 883,152 818,614 121,396 221.701 343,097 Donatlons •nd glft8 Transfers from th• four Churches Churth off&ring8 and gffts Gift ald recoverable Le9acle8 Gran13 IURCI Grant CSUA. Sale of Gresnfield R08d Chur¢h Inel of c08181 Jonny Wren gifto 2.920 82,814 30,062 2,920 197,444 32,133 3,000 107,800 98,188 25,276 10,000 53.252 3,230 151.438 28.506 10,000 100.000 114.830 2,071 3,000 102,000 100,000 5,600 505,414 21,258 505,414 21,256 133,482 883,152 818.614 121,396 221,701 343,097 InGom8 from charltable a¢tlvltl•• Re•trlct•d lunds 2024 RMtrlct•d fund• 2023 Chjrltable Actlvltes Jenny Wren Nursery School (Fee81 48,026 43,899 Income frnm other tradlng actlvttlos Unrostrlctgd Unr••trict•d lund$ funds 2024 2023 Letting and licen8ing arr8ngemen15 12.129 12-
EMMANUEL CHURCH, EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from Inv88tm•nts Vnrestrfctod R88trictèd funds funds 2024 2024 Tot•1 Unrestrlcted Restrlcted funds fund# 2023 2023 Totsl 2024 2023 Interest receivable 9,258 9,258 1,957 101 2,058 Oth&r Incom• Unmtrlcted Unrostrlctsd nds fund* 2024 2023 Exhlblllon Income 3.827 13-
EMMANUEL CHURCH, EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expendltufe on charltable actl¥5tl88 Charltable Actlvltles Charllabte Aclivilie8 2024 2023 Dlroct costs Stsff costs Depreciation and Impairment Little Wrens other costs Jenny Wren other c08ts Cleaning Manse and mlnlsty co8t8 Building repalr8 and m4lnt8nanc8 Ullllty costs Worship co8ts Ass888ments Melhodist Chur¢h A8sessments United Relomed Church Ulililies and Insurance costs Sm811 equipment and malnt•nanca Exhibltion c0818 Training Loan Inte8t payable Sundrie8 67,471 2.234 3.608 4,407 8,115 7,800 56.741 2.234 3,395 4.523 3,760 6,653 1,989 10,783 957 98,389 16,392 3,183 1,881 20,578 1,176 98,400 23,750 9,189 4.717 7.769 414 9.322 181 2,779 461 287,797 214,100 Grant fundlng of actlvitl8s18ee note 91 12,227 5,982 Sharn of •upport and gov•m•nc• co•t• {8ee not• 10) Support Govemance 1,576 4,735 1,227 4,549 286.335 225,858 Analysh by fund Unre8trlcted fund8 Restricted frjnds 211,900 74,435 158,913 86,945 288.335 225,858 14-
EMMANUEL CHURCH, EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Grants yyable Charltsble Actlvltles 2024 Charitsble Activf(ies 2023 Grants to Inlllullons.. Other 11,828 5,681 Grants to Indivlduals 301 10 Support cogts alloGatsd to •ctlvltl•s 2024 2023 Admin18tratlon Govgrnance co8t8 1,576 4,735 1,227 4,$49 8.311 5,778 Charitable Aclivilles 8.311 5,776 2024 2023 Govern•nc• costs comprlse: A¢¢ountsncy Independgnl examlnatlon Adminin$trallon c0818 3,250 1,370 115 3,250 1.190 4,735 4,549 11 TruJte88 Ncne of the Trustee8 lor any peT¥on$ Connected with them) received any remuneraon or benefits from the Church during the year. The mln181ers (who offj ex-offlclo Tru818e$) Rev Paul Tabraham and Rev Memona Shahbaz receive a stipend dlrecmy from Ihe M8lhodisl Church l United Rafomied Church. Donats'ons from the Trustees and their related partles amounted lo £49,647 12023.. £112,313). This figure indudes the separatety idents'fiable donations and exdudes amounts glven as part of offerings, wherg the Individuals con¢erned cannot be separately identrfied. 15-
EMMANUEL CHURCH, EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Employeas The average monthly number of employees during thg year was.. 2024 Number 2023 Number Litue Wren8 pl8ygroup ¥upeN180r Jenny Wrgn Nur8ery School staff Total Employm8nt CO8ts 2024 2023 Wages and salart88 Othor nsIon costs 86,398 1,075 56.128 815 87,471 58,741 Consullan¢y fee8 P8ld to the Llttle Wrens playgroup Supervisor are induded in Llttle Wrens oth•r costs In Note B Charitable activllles. Ther8 were no employè88 whose annual remuneration w88 more than £60.OIJO. R•mun•ratlon ol key rn•n•g8rn•nt pernonn•l The key management personnel of the charity would be the Mini$ty staff, who are pald by thè over8eelng bodle8 for the Melhodlsl and United Refom¢d Churches- See note 11. 13 Other co8t8 for th• Ernm•nuel Church now bulldlng proloct Restrlct8d fund• Re8tr1cted fund$ 2024 2023 New bullding - construcllon works New building - professional fees 22,136 17,547 1,357.577 105.605 39,683 1.463,182 16-
EMMANUEL CHURCH, EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 14 Galn8 and loss•s on investments Endowment Endowmènt funds fundi 2024 2023 Galnsl{losse8) arin9 on.. Revaluation of inveslmgntB 82 1901 16 T•x•tlon The charty is exempt from laxatlon on Il¥ a¢lvkile8 because all its Income 18 applled fci charitable purwses. 16 Propoty. plant and •qulpm•nt Flxtum thnd oqulpm•nl Ct Al 1 September 2023 11,170 At 31 AugU812024 11,170 Doprgclatlon Jnd Impalrm•nt Al 1 September 2023 D8preci8llon charged In the year 6,234 2,234 Al 31 AuguBt 2024 8,468 C*rrylng amount Al 31 Augu812024 2,702 At 31 August 2023 4.936 17 Flxgd a••et In¥•8lments Tnmt POTmanent Endovmient Cost or valuatlon At 1 SgPt8mber 2023 Valuation changes 1,398 82 At 31 August 2024 1.480 Carrying amount At 31 August 2024 1,480 At 31 August 2023 1,398 17-
EMMANUEL CHURCH, EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 18 Tr•d• and other recelvables 2024 2023 Amoun18 falllng due wlthln one year: Trado receivables Other re¢elvable8 930 13.401 332 20.812 14,331 21,144 Othèr rocelvables include Glft Aid receivable of £13,40112023: £17,358). 19 Cash at bank 2024 2023 Charitle8Ald Foundation Bank Central Flnance Board of the Methodist Chur¢h Trustee$ Methodl81 Church Pufpo8eB Jonny Wren HSBC 73,362 257,778 10 4.239 152.682 27,093 10 8.$84 335.389 188.369 20 B¢Jrrowlng8 2024 2023 Loan from Melhodlst Chapel Ald Loan from Soulhem Synod of the United R•lomed Church 252,779 300,000 300,000 300.000 552,779 Payable w6thln one year 300.000 552,779 The terms of the loan from the Soulhorn Synod of the Unilgd Reformed Church are currenfjy unclear, and arg Subhect to nogotlalon. 18-
EMMANUEL CHURCH, EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 21 Currnnt Ilabllltles 2024 2023 Loans Other lax8tlon and social seGurty other p8yabl88 Accruals and deferffjd income 20 300.000 973 1.686 4,620 552,779 729 174,974 4.440 307,259 732,922 22 R•tlrement b8n•fit •chome• 2024 2023 Deflned contrlbutlon $¢h•m Charge to profil or Ios5 In respect of defined contrfbulion 8chom08 1.075 815 The Church operate8 a definod conlrlbulon p8n8lcfi schgm• for all qUalIng employees. The a88ets of the scheme are held 8eparalely from those of the Church In an Indepandently adminlsterod fund. 23 Endowm•ntfund• Endowment funds rnpresenl 888els whlch must bè held pem8nerilly by the Chur¢h. Income arlslng on th• endowment fvnds can be us8d In accordance wlth the object8 of the Church and is induded as unrestricted Income. Any capital galn8 or108898 arlslng on tho assets fom part of thg fund. At1 8eptembor 2023 G4ln8 and At 31 August 2024 P•manent •ndowm•nts Endowment fund 1.398 1,480 Previous year: At1 September 2022 G•lns and At 31 August 2023 P•rmanent èndowmeDts Endowment fund 1,488 {901 1,398 19-
EMMANUEL CHURCH. EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Restrl¢ted fund8 The restricted fvnds of the charity comprise the unexp8nded balancas of donations and 918nt8 held on tru$l subject to SP8cific conditions by donors as to how they may be used. At1 8•pt•mber 2023 Incomlng R•8ourcos rgsourco8 •xpended Transfgrs At 31 August 2024 Jenny Wren New Building Benevolent and Appeal8 Fund 5.125 11,158.602) 149 69,282 659,216 2,680 171,8771 139,6841 12,5571 2.530 539,070 272 11,153.328) 731,178 1114,1181 539,070 2,802 Prevlou• year: At1 september 2022 Incomlng resourc Rt$ources •xp8ndod Tran•l•rn At 31 August 2023 Jonny New Bulldlng Benovolent and Appeals Fund 17,817 91,275 48,572 213.304 3,825 161.2641 11,483,181) 15.682) 5,125 11,158.602) 149 2,006 109,092 265.701 11,530,127) 2,006 11,153,328) 1. The Jenny Wren fund is a Nursery School not regislerod 88 a charity bul owned and ullim818ly govemed by Emmanuel Church Ifgrmerly Greenfield Melhodlsl Church). Separate 8ccountlng ro¢ords are m8inlained by the fund and Separate financial slalemen18 prepared whith are consolldaled into this report. The sep8rats restrtcted fund8 of Janny Wrèn are shown as cre(Jilors due to the immaterial figures involved. 2. The New Building fund originally represented monies from the original 4 churehas together wlh further grants and donobons received towards the new bullding project. The overdrawn fund was covered by Ir8nsfer from the Gener81 Fund during the year. 3. The Benevolent and Appeals Fund represents grfls given for 8peclfic projects and then dlstdbuted by the church. -20-
EMMANUEL CHURCH, EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 25 Unrestricted fund8 The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These indude dè8ignat9d funds which have been set aside out of unrestrlcted fun(Is by the trust¢e$ for Specific purp050S. Incomlng Resource• •xponded TrJn8for8 At 31 August 2024 S•ptemb8r 2023 Gen8ral funds 834.8SS 158,478 1211,900) (539,0701 42.361 Prnvlou$ yoar: At1 September 2022 Incomlng Resourcoj resourc•s 1Xnded Transfern At 31 Augu 2023 General funds 869,577 126,197 {158,9131 12.006) 634,855 26 Analy•l• ol not a880ts bolw••n fund8 Unr•8trlct•d funds 2024 Re•trl¢tsd Endowment lund• funds 2024 2024 Total 2024 At 31 Augu•t 2024: Property, plant and equipment Investments Current 08¥•I{lIabl1Ie8} 2,702 2,702 1,480 42.481 1,480 39,659 2,802 42,361 2.802 1,480 46,643 Unrgstrlctsd fund8 2023 Re•trlctod Endowment fundi funds 2023 2023 Totsl 2023 At 31 August 2023: Propety, plant and equlpmenl Investments Current a88etsl{liabilitsesl 4,938 4,936 1,398 1523,4091 1,398 629,919 11,153,328) 634,855 (1.153.328} 1,398 1517,075) 21
EMMANUEL CHURCH, EASTBOURNE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 27 Financial commltsnents. guarantees and contlngent Ilibllltlgs Al 31 August 2024 the Church believed thor? was Still Ihe sum of £93,000 approximately lo be paid lo the Contractors being the retention monies due, plus further Monies as yel to b8 agreed in the reglons of £24,000. These costs are not as yet 8ccrued within the financial Blatements to their uncertainty an¢J further grant funding will b8 sought lo cover these costs. 11 is also likely that the loan from the Southern Synod of the Unitad Refomied Church will bè converted lo a grant. 28 Relat•d party transactlons A substantial number of the Trustee8 were officers of th• four Churches referer8 in the revlew ol advlts'es and connected to the Incoming tran8fer of fvnds in recent years. Thore were no di$elosabl8 related paty Iran$acts'on8 durfng thè year12023.' None). 29 Ci$h genernt froml(ab•orb•d byl operatbon• 2024 2023 Surplu8lldeficltl for tho ar 563,718 11,297,232) AdJus¢m&nts for: Invèstment Income recognlsed In stslement of financial activlues Falr value gainy ond losses on Investments Depwion and impalrment of property. plant 8nd equlpment (9,2581 1821 2,234 {2,0581 2,234 Movements In worklng capltal: Decrease In trade and other receiv8bles {Decre8s¢}Ilncrease in trade and olhor payable8 8,813 {172,8841 294.707 160,414 Cash generatsd fromllab8orbed by) operallons 390,541 1841,8451 30 Anily¥h of chang•• in not fundjlldebti At 1 S•pt•mb•r 2023 C•sh Ilo At 31 Au2u•t 2024 Cash at bank and In hand 188,369 147.020 335.389 Loans falllng due thIn one year 1552.7791 252,779 1300.000) {364,4101 399.799 35,389