2021-08-31-accounts

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Registration number: 12039636 Charity number: 1184684

Emmanuel School (Derby) Limited (A COMPANY LIMITED BY GUARANTEE)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR 1 Sept 2020 – 31 August 2021

Reference and Administration Information	2
Directors’ Report	3
Independent Examiner’s report to the Trustees of Emmanuel School (Derby) Limited	7
Statement of Financial Activities	8
Balance Sheet	9
Notes to Financial Statements	10

REFERENCE AND ADMINISTRATION INFORMATION

Trustees

A Sherwood (Chairman)

F Fraser P Young A McAleese B Snowdon

Company Number: 12039636 Charity Number: 1184684 Registered Office: Juniper Lodge 43 Kedleston Road Derby DE22 1FP Bank: Lloyds Bank 25 Gresham Street London EC2V 7HN

DIRECTORS’ REPORT

The Trustees and Directors are pleased to present their Annual Report together with the financial statements for the period from 1[st] September 2020 to 31[st] August 2021.

Structure, Governance & Management

Governance Structure

The Trustees of Emmanuel School (Derby) Limited are also the directors and members of the charitable company for the purposes of company law. The Trustees act as the overall management board for the organisation. They have ultimate responsibility for the running, operations, and finances of the school.

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 7 June 2019 and registered as a charity on 30 July 2019. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1 for the debts and liabilities contracted before they ceased to be a member.

Recruitment and Appointment of Trustees

As set out in the Memorandum and Articles of Association, the Trustees of Emmanuel School (Derby) Limited are selected and appointed directly by the existing Trustees, for an indefinite period of service.

All Trustees give their time voluntarily and receive no remuneration for this work. Any expenses reclaimed from the charity are set out in note 5 to the accounts.

Trustee Induction and Training

The training and induction provided for new Directors will depend upon their existing experience but would always include a tour of the schools and a chance to meet staff and pupils. All Directors are provided with copies of policies, procedures, minutes, accounts, budgets, plans and other documents that they will need to undertake their role as Directors. As there are normally only a small number of new Directors during a year, induction is tailored specifically to the individuals.

Risk Management

The Trustees regularly conduct a review of the major risks to which the charity is exposed. A risk register is held by the Trustees to capture these risks. This will be reviewed annually by the Trustees.

Organisational Structure

The board of Trustees meet at least four times a year and have legal responsibility to the Department of Education for the school. They are responsible for the strategic direction and policy of the organisation and monitoring effectiveness of its governance structure

The school Governors meet 6 times a year and are accountable to the Trustees for the educational running of Emmanuel School, Derby. A scheme of delegation is in place, and day to day responsibility for the management of the school rests with the Headteacher.

Objectives & Activities

Emmanuel School, Derby

Our chief focus as a charity is the continuation of Emmanuel School, Derby; an independent Christian School in the city of Derby.

We believe that each child is uniquely precious to God and uniquely gifted by Him and is able through His grace to have a meaningful relationship with God – Father, Son and Holy Spirit.

We believe that the education of children is a shared responsibility amongst parents, church and school and that the best outcomes for the child and society are when these three share a common mission for our children.

We desire that each child is equipped to stand up for what is right, to have compassion for the marginalised and to make a positive contribution to society both now and in their future lives.

We believe that all wisdom and understanding comes from God and that academic, social, moral and physical development only reach their true value when set in the context of understanding God and His world.

Achievements & Performance

2020-21 objectives

I. Secure the funds to purchase Juniper Lodge.
II. Increase the numbers of children in the school.
III. Continue to provide fee reductions for families in significant financial difficulty.
IV. Build on the Independent School’s Inspectorate’s recommendations for continued improvement in the teaching and learning in the school.
V. Limit the impact of COVID-19 on children’s learning.

2020-2021 performance

Emmanuel School (Derby) Limited has met its objectives for 2020-21. An interest free loan was secured against the property, facilitating its purchase from Reach in July 2021. This loan is for a total of 5 years, after which it will need to be repaid.

Pupil numbers in the school fell during the 2020-21 academic year but significant enquiries and applications mean that numbers will be increasing in September 2021, with a large proportion of the increase in the Early Years Unit. The Year 1 and 2 class is also expected to be full, or close to full. Work continues to raise awareness of the school and encourage new enquiries to sign up for spaces.

We are pleased that we have been able to offer fee reductions for a number of families who are facing financial difficulties.

COVID-19 has continued to impact the educational provision at Emmanuel, in particular the implementation of the recommendations from the Independent School’s Inspectorate. Pupils were in school for the majority of the year but lockdowns and other COVID related difficulties did cause children to learn remotely for periods of time. There was a focus in classes on catching up and reintegrating children into school life to enable positive learning habits to be renewed.

Public Benefit Statement

The objects and charitable purposes of the Company are to advance for the public benefit education in the United Kingdom, in particular but without prejudice to the generality of the foregoing, by establishing, maintaining, carrying on, managing and developing one or more schools with a religious character offering a broad and balanced curriculum conducted in accordance with the principles, practices and tenants of the Statement of Beliefs both generally and in particular in relation to arranging for religious education and daily acts of worship.

The public benefit of Emmanuel School (Derby) Limited is for all families in the Derby area; the ability to access low cost, Christian education for their children. The Trustees confirm that they have given due regard to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.

Going Concern

After making appropriate enquiries, the Board of Trustees has a reasonable expectation that Emmanuel School has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements.

Plans for the 2021-22 Period:

Increase the numbers of children in the school.
Continue to provide fee reductions for families in significant financial difficulty.
Continue to build on the Independent School’s Inspectorate’s recommendations for continued improvement in the teaching and learning in the school.
Limit the impact of COVID-19 on children’s learning.
Build up funds to facilitate repayment of the loan on the building and capital investment.

Financial Report for the Year

The majority of Emmanuel School (Derby) Limited’s income comes from parental fees, paying for their children’s attendance at the school. In addition to this, funding is received from Derby City Council for children in the Early Years Unit. There were also a number of voluntary donations from various individuals.

The school building was purchased by Emmanuel School (Derby) Limited from the previous proprietor, Reach, in the financial year 2020-21. See note 6 for details.

Investment Policy

The cash balances held by the Emmanuel School (Derby) Limited have not enabled significant investment to take place during 2020/21 with funds being held on deposit with the bank.

The Directors will seek to invest surplus funds in a manner to obtain the best possible return whilst mitigating against financial risks and these are invested with reputable investors.

Reserves Policy

Emmanuel School (Derby) Limited has reserves totalling £54,864 at the end of the year. These are all held in the unrestricted reserve and will be used fulfil the school’s charitable objectives. Emmanuel School (Derby) Limited aims to hold 3 months of gross salary expenditure. Where reserves fall below this figure, the trustees will meet to discuss what measures can be taken to limit further reduction of reserves. Excess reserves are being held to assist the school in the purchase of its current building, as well as investing in improvements in the school resources and provision.

No funds are held on behalf of others.

The Directors’ Report (incorporating the Trustees’ Report) was approved by the Members on 10[th] May 2022 and signed on its behalf by:

Andrew Sherwood (Chair of Trustees)

Independent Examiner’s report to the Trustees of Emmanuel School (Derby) Limited

I report on the accounts of the company for the year ended 31 August 2021, which are set out on pages 8 to 13.

Respective Responsibilities of Trustees and Examiner

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and have elected for an independent examination to be undertaken.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the 2011 Act
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
to state whether particular matters have come to my attention

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 386 of the Companies Act 2006 and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

Mr Christopher Manning

FCA

1 The End, Newton Solney, DE15 0RY

21 May 2021

Statement of Financial Activities

(including Income & Expenditure Account)

for the year ended 31 August 2021


	Notes	Unrestricted Funds 2020-21 £	Restricted Fixed Asset Funds 2020-21 £	Total 2020-21 £	Total 2019-20 £
Incoming Resources
*Incoming Resources from Generated* *Funds:*
Donations and VoluntaryIncome		38,139	550,000	588,139	23,666
Activities for GeneratingFunds		-	-		669
Income from transfer of school		-	-		22,225
Investment Income		-	-		-

*Incoming Resources from Charitable* *Activities*	2	150,265	-	150,265	73,202

*Other Incoming Resources*	3	9,378	-	9,378	-

Total Incoming Resources		197,782	550,000	747,782	119,762

Resources Expended
*Costs of Generating Funds:*		-	-		-
Costs of Generating Voluntary Income		-	-		-
*Charitable Activities*		187,150	-	187,150	75,367
*Governance Costs*		163	-	163	-
*Other Resources Expended*		-	-	-	-
Total Resources Expended	4	187,313	-	187,313	75,367

Net Incoming/(Outgoing) Resources		10,469	550,000	560,469	44.395
Gross Transfers Between Funds		(250,000)	250,000	-	-
Other Recognised Gains/(Losses)		-	-	-	-
Net Movement in Funds		(239,531)	800,000	560,469	44,395
Total Funds Brought Forward		44,395	-	44,395	-
Total Funds Carried Forward		(195,136)	800,000	604,864	44,395

The statement of financial activities includes all gains and losses in the year. All incoming resources and expended derive from continuing activities.

Balance Sheet as at 31 August 2021

31 Aug 2021 £ 800,000 12,723 1,434 61,333 75,490 20,625 54,864 (250,000) 604,864 (195,136) 800,000 604,864	31 Aug 2021 £ 800,000 12,723 1,434 61,333 75,490 20,625 54,864 (250,000) 604,864 (195,136) 800,000 604,864	31 Aug 2020 £ - - 25,964 1,434 35,018 62,416 18,021 44,395 44.395 44.395 - 44.395	31 Aug 2020 £ - - 25,964 1,434 35,018 62,416 18,021 44,395 44.395 44.395 - 44.395
75,490 20,625		62,416 18,021
	54,864		44,395

	(250,000)

	604,864		44.395
	(195,136) 800,000		44.395 -
	604,864		44.395

For the period ending 31[st] August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Approved by the Members on 10 May 2022 and signed on its behalf by:

Andrew Sherwood (Chair of Trustees)

NOTES TO FINANCIAL STATEMENTS

Note 1: Accounting Policies

Basis of preparation

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of a fundraising appeal.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy. The following policies are applied to particular categories of income:

Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Investment income is included when receivable and includes any gain or loss on the sale of investments or their revaluation to market value at the end of the year.

Incoming resources from charitable trading activity are accounted for when earned.

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

The value of any voluntary help received is not included in the accounts but is described in the Trustees’ annual report.

Incoming resources from tax reclaims are included at the same time as the gift to which they relate.

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity, the costs of Trustee meetings and costs linked to the strategic management of the charity.

Tangible Fixed Assets

Assets costing £5,000 or more are capitalised as tangible fixed assets and are carried at cost, net of depreciation and any provision for impairment.

Where tangible fixed assets have been acquired with the aid of specific grants, either from the government of the private sector, they are included in the Balance Sheet at cost and depreciated over their expected useful economic life. Where there are specific conditions attached to the funding requiring the continued use of the asset, the related grants are credited to a restricted fixed asset fund in the Statement of Financial Activities and carried forward in the Balance Sheet. Depreciation of the relevant assets is charged directly to the restricted fixed asset fund in the Statement of Financial Activities. Where tangible fixed assets have been acquired with unrestricted funds, depreciation on such assets is charged to the unrestricted fund.

Depreciation is provided on all tangible assets other than freehold land and assets under construction, at rates calculated to write of the cost of each asset on a straight-line basis over its expected useful life as follows:

Depreciation is provided on the following bases:

Freehold Buildings - Straight-line over 50 years

Freehold buildings are held at deemed cost. All such assets were given a full valuation on 15 March 2022 on the basis of market value by Hugh Broadbent, a registered member of the Royal Institute of Chartered Surveyors for Chartex Surveyors and Valuers, who are independent of the trust.

Note 2: Incoming Resources from Charitable Activities School Fees Nursery Grant Other Income	2021 £ 115,466 34,313 486 150,265	2020 £ 60,899 11,496 807
		73,202

Note 3: Other Incoming Resources Furlough Payment Other Income Note 4: Total Resources Expended Staff Costs 5 School Resource Costs Administrative Costs Other Costs Note 5: Staff Costs Gross Wages, Salaries and Benefits in Kind Employers National Insurance Costs Pension Costs		2021 £ 5,706 3,672 9,378 2021 £ 156,749 13,192 17,372 -	2020 £ - - - 2020 £ 54,750 8,395 12,222 -
		187,313 2021 £ 144,267 6549 5933	75,367 2020 £ 47,252 3426 4071
		156,749	54,749

13 members of staff were employed on fixed term or permanent contracts during the year 2020-21. In addition to this, a limited number of temporary staff were employed to provide teaching cover.

All staff have access to a defined contribution pension scheme.

Note 6: Tangible Fixed Assets Cost or Valuation At 1 September 2020 Additions At August 31 2021 Depreciation At 1 September 2020 Charge for the period At 31 August 2021 Net Book Value At 31 August 2021 At 31 August 2020	Freehold Land and Buildings £ Total £ - - 800,000 800,000
	800,000 800,000
	- - - -
	- -

	800,000 800,000
	- -

Note 7: Debtors School Fees Transfer from previous proprietors Gift Aid	2021 £ 2020 £ 12,679 13,129 44 12,224 - 611
	12,723 25,964

Note 8: Creditors: amounts falling due

Note 8: Creditors: amounts falling due
within one year Income received in advance Accounts Payable Other (inc. HMRC)	2021 £ 2020 £ 19,759 17,178 259 597 607 245
	20,625 18,020

Note 9: Statement of Funds

Unrestricted Funds Retained Earnings Loan Fund Restricted Fixed Asset Fund Donated Assets Purchased Assets Total Funds	Balance at 1 September 2020 £ Income £ Expenditure £ Transfers in/out £ Balance at 31 August 2021 £ 44.395 192,076 181,607 - 54,864 - - - (250,000) (250,000)
	44.395 192,076 181,607 (250,000) (195,136) - 550,000 - - 550,000 - - - 250,000 250,000
	- 550,000 - 250,000 800,000
	44.395 742,076 181,607 - 604,864

Note 10: Trustee Remuneration & Related Party Transactions

One trustee of the trust, Mr B Snowdon, received remuneration as an employee during the year 2020-21. Remuneration was not for work as a trustee of the charity. Mr B Snowdon is excluded from all decision making relating to remuneration and conditions of his employment by the trust.

Mrs G Snowdon and Mrs S Snowdon are related parties as employees of Emmanuel School (Derby) Limited and close relatives to Mr B Snowdon (trustee). Mr B Snowdon is excluded from all decision making relating to remuneration and conditions for these related parties.

During the year the trustees, Mr A Sherwood, Mr P Young, Mrs F Fraser and Mr B Snowdon, paid school fees for their children’s education at the school. Mr A Sherwood and Mr P Young made individual donations to the school. A donation was also made by Hope City Furniture, a charity of which Mrs F Fraser is a trustee.

No fees were owing by the Trustees at the 31[st] August 2021.

Note 10a: Trustee Remuneration as an

Note 10a: Trustee Remuneration as an
employee (B Snowdon) Gross Wages, Salaries and Benefits in Kind Employers National Insurance Costs Pension Costs		2021 £ 2020 £ 28,115 11,442 2659 1,075 1467 1,287
		32,271 13,804

Note 10b: Related Party Remuneration as employees (G Snowdon and S Snowdon) Gross Wages, Salaries and Benefits in Kind Employers National Insurance Costs Pension Costs		2021 £ 2020 £ 32,186 12,946 2,046 775 1,609 1,433
		35,841 13,929

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