Charfty règlstratlon number 1188984 IEnyl•nd and Walesl EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO LEGAL AND ADMINISTRATNE INFORMATION Tiustees Paul Butler (Chair) Odetle Flndlay (Hon. Treasurer) Abosede Ayomide Atègbeley& Iseuelaryl Rev. DDugl8s Wiliams Debra DunGan-Sifvera IHRI Wane Brodteti (Heal￿ and Safety) David Lovell Pa8l¢x Chri51oph¢r Palmgr ark Williams {Appolnted 20 October 20241 IAppolnted 20 October 20241 IAppoinled 27 M8y 2024) Nursery Committee rk William3 Chalr Secretary Hon. Tiea5urerlAdminS8lralor Co-opted member of ECCI Co-opted member of ECCI Nursery Manager Ito 31 January 20251 Sue Patts'more Ethth While Eddiong Smith M*vl8Amp0$9 Elders Rèv. Douglas WHI￿5 Rèv.Al8gulhural Ratnaras Wane 8rockett B￿deY Greave8 Richwd Irish Rosh8d Gibix)n8 Pastor Chrlstopher Palmer Dayarnanden Permale Paul Bombc) David Lov611 Joè Stephens D￿le1 Ratnaras Charlty number IEng5and and Wales) 1188984 Prlnclpal adflress The GrfjQnl￿f¢¢Trl 67-69 Greenleaf Road Wglth&m5tow London E17 6QP Audltor Calon Fry & Co Ltd Essex House 7~8 The Shnjbberles George Lane Soulh Wlknodford London E18 1BD Banke Bgrclays Bank PIC Lèlc9slor LE87 2BB Triodos Bank Deanfjry Road Bristol BS1 SAS CAF Bank Ltd 25 King HEIIAvenue West Malling Kent MEI9 4JQ S8nlander PIC 2 Triton Square Re9￿¥$ Pla¢ London NW13AN EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO CONTENTS Pag# Trustgog ieport Slotement of Irustees, re8ponslbllits98 Independent auditofffj report 10-13 Statèment of flnancial acb'vitie 14-15 Balance sheet 16 Statement Of￿8h flttw8 17 Notesto the flnanclal st8lements IB-29 EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 ThÉ Injstses pre8enl thelr annu81 rgport and ffn8nd￿ 8iaternenls for Ihe ye¥ ended 31 August2024. The l(nan¢lal stalamenls have been piepar&d Sn accordan￿ with the accounting polictes 8¢t out In nole 110 thè finandal statements and compty with tre eharlty's govern)ng document, the Charillos Act 2011, FRS 102"Tho Financial Reporting Standard applicable in t1￿ UK and Repulsic of Ireland" and thè Charitles SORP Accwnting and Reporting by Charities.. Stat8Ment of Recommended Practice appbcable lo charlties preparing their accounts in accordancé wlth th& FIna[￿lat Rèportlng Standard applicable in the UK &nd Republlcof Ireland IFRS 1021" The Truste?8 Confirrn that Ihw have referred lo th8 Charity Commisslon's gui(tranc8 on public benefit and consider that the aclfvities of the ¢harlly meet those objedives and provide a benefit lo tho public. Oblectlves and Actlvitle5 The purposes of IhB charity a￿,. . The adV￿CeMent ot the Chrl8tian faith by th& prodamalion arKI fwthar8nee of the Go8pel of God ncerning h15 Son Jesus Chr15t the Lord. Preachln9 and teaching ol the Word of God by Ihe CIKJrch in accordanc8 with the 3talemenl tsl fundafnental trulhs ofA$sèmb1iBs of God in Great Brflaln an Ireland las approved by the general council Irom time to ilmel. of assoclated ¢h?rllable servke8 for Ihe putAi¢ benefit locally, naliollally and wortd-wlde. oduct This report C818bratés our lrfe together In 2023124. Wg hope that YOU 8njoy reading il and that you wlll bp Ins￿¥¢d to lak8 IKJld ol that forwhlth Chrfsl took hold of you. Com ECCI is a body of bellevèrs wlh a vl8lon to sa8 people, locally and woddwde, exp8rren¢a tha low of God and walk wlth Jesus on a dalty ba81$. Th$ heart ol ductlon quality and maintslned 8 $tesdy onllne presence, supwklng both our local congregallon and a growrvJ inlgrn8bonal audlence. th a focus on ¢o118LwJration, the mlnlslry also worked more dos&ly wlth other departments, a5515tlng with streaming of mld-W8ek sarvlces and speaal events. Those (x)IlatrM)rationg ensured incluslvily for thostr unable to attend In ￿r$0￿ amplifjed the chufch s overall outreach. They alsp relnforced our rolè as a v£ial connector wthin the body of Christ. Through these experlenees, we have learned the Importance of adaplabllily, clear comrnunlcatlon. and thorough prepara￿On. We remgin ¢ommitted to ¥efining our mlnislry and expandkng our impact In the yeai ah8ad, Compassi¢M. We continue to support tÈn thildran In Elftakuma, Ghang through Compasdon ￿th a mnthly fin8nrid glft. Wg also make an addltlonal gift of £30 pèr chlld at Chrfstmas a8 well as rn8￿￿g donhllons to th8 ca worker8 at Iht orphan8g$. London Citymlsslon. W9 curr8ntty supportrim Sprlng and Emmpnu81 Chanda work wlth LCM rnontNy. Pénama. W6 contlnue to support, on a quartedy b8818. Am8nd8 Alvwado in Panama who Dvernees a minlstry lo streel chlldren Sn Panam8. EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Flnanclal review The Chartys work Is enurely reliant on al voluntsry Inctxre from Ils donors bl local authO￿tY gfanls to fvThl thè operation of the Nur8ery. In the current year, ECCI re¢0ived a total income of £542,084 (2023 '. t541,3631. A total of £588,257 12023 £579,037) was spent on the public benefit of adivitle$ of tho charily. The Charity suffered a deficit of £24,173 12023 .' Deficit- £37,674). In thè prevlous year 811 th¢ remalnlng asse15 and Ilabllllle$ of the unincow)rated charity were transferred to the CIO. Total funds as al 31 August 2024 were £3,370.936 12023 -. £3.395,1091 of whlch £52,261 P023 £54,6801 was restrkled and £3,318,675 12023 £3.340.429) was unre81rided. Of the unreslricled (unds £2,946,994 12023 £2,978,948) related to Land and Buildings Inel of secuied debll whS¢h Is r8fleEtèd in 8 separate designated fund. Unrestri¢ted funds as at 31 August 2024, exduding those related lo tanglble fixed assels, w8r8 therèfore £371,681 12023 £361,481). £227,952 12023 .. £232,574} of Ihls has been designgtèd by thè Trustees as noted In Note 20. This leavas È143,72912023 .' £128.9071 in general funds. RosoThespollcy Tho Trustees pokncy is to hold 8 mlnimumlovet ol fvndg to ensurg Ihat operotion$ ¢an conNnue sh￿Id there be a downtum In Income or unexpected need. Therefore, the charity should hold funds amounbng to at leasl th￿ month5 operaliry co31¥, plus commttted expenditure. This equates to £187,781. compared 1¢> goneral ro*rves at the year end of £143,729, a 5hortrall of £44.052. The Truste0$ will be almlng to bu1￿ up re8eNe8 In tha forthcomlng year. Risk Managemenl The principal ri$k5 faang ECCI b)cludts'. i. tluctuatsons In voluntary income, vknlch could knpact the sustalnabllily of kty mlnistries and outreach programme¥. TI￿re Is also a r@lian¢e on a h"mlted pool ol volunteers to delfver essential Bervlco$. whlch posps a Ilsk if vdunteer availablllty declinas. Addillonally. regulatory changes in safeguarding, educaucn. and dala proledlon could requ5re re8ou(ce adlusltnents. 11. New Local Authortty Parklng Restf¢cffon8 whlch. if Iwplèmtsnted, could See a redu¢tion in church allendance. Atténdèes havè ba￿ signposted lo tho Selborne Walk car park whlch is a short walk away. ill. S(￿$S1On Plaming across 411 mlnlstrb$ to en$1￿ that the outrea¢h programmas can conUnuÈ unhlnderad. The trustees will conlinue lo monilor these rbks through regL¢lar revlewB and updated polides, support8d by strong govemanctr financlal overslght. Sa uardlng SLU Four of our Reyisleied Parlllers htslp u$ to mainla(n good safeguardlng structures al ECCI. Oui Safègu8rdlng Officer Is a Barrister, and otEr Safeguarding Deputy Is a SoLial Workèr, both bring skills and expeTience lo thi$ role Ihal arè cruc¢al In helplng us run our prom￿On wrfh excellence and care. We h8V8 9 S8leguardlng policy In place whi¢h b reV￿we￿ Dn g yealiy basls. We also run Saféguarding Training for our 8tsfF and volunleer$ on a regular basis. Pr05peGtiv$ volunteers al ECCI are expected to be a Re9181ered Partt￿r of our Church, showlng that they are wlllng lo follow our structur¢ and1oad¢rshlp. They also camplete a DBS thack and go through a thort interview before bolng allowed to serve In a Dep8rtment ol ECCI. Some ol our departm¥nls also obtain rsferences for our volunteers. Regular reports are provid8d lo Trustees and any urgent matters ar6 inmnediately reported lo Paslar8 and Logd Trustees by safèguarding team. These sIr￿tureS h8lp us to implernent S8fe standards lor all our usgr¥ and yolunteers. EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 We have a h&allh safety policy and a raft￿ of rlsk ass&ssmenls and procedures In place which are regularly roviewed updated. Therè ara mejasures and processes in pl￿e to help us to maintaln $afe envlronments W1￿Ch are monitored by staff members and overseen by a Trusleè. Structure, govornanco and managemgnt Emrn8nuel ch￿s11a￿ Centre was establi3hed in 1926 98 part of Assemblles of God In Greal BrltaitE & Ireland, and wbsequentty as a 8aparaltr ch8rfty by a Trusl Deed dated 16th January 1997. To refteGI Ils identity more accurately, In 2015 the charity changed ils nam8 to Emmanuel Communily Church International ILCCII. ECCI was reglstered as a Charitable Incorptrrated Organlsation ICIOI in April 2020 and Is governed wder Il's Constitution, T￿￿ trustee6 who served during Ihtr ye8r and up to the date ol slgn8tU18 of the finanaal st81emonls We￿.. Paul Butler {Chair) Odette Findlay (Hon. Treasurer) Ab05edeAyomideAlegbeley& {Se¢retaryi Rev. Douglas Wlliams Debra t)uncan-Silvera IHRI Wane BrockÈtt IHe8tth and Saféty) Oavid Lovdl Pastor Chrislophar P8tmèr Mark Vlnlll8ms Anetta Toudk¢ Oluwatoyln Cornwall IAppc¥nled 20 October 20241 (Appolnied 20 October 20241 (Appolnted 27 M8y 2D24 IReslgned 6 January 2024) IResign9d 6 January 2024) ECCI 1$ overseen by a board ol g Trustees, 5 of whom are èlècted by the R8gslarad Partner8 ol the charity followiny a vote. They remaln in p05t for 2 years followry whlch thèy can stand f(K re-election. The Senlor and Associate Pastor are aulornalically truslggs. The Senior Pastor appolnts an ailditional 2 of thè 9 Irusteas from among the Eldor¥. These 4 eldei trustee8 reman in post Indefinitely. New tiustees are apEX)Inled from wllhin the church. Prospectlve candidates Ère voted on by Ihe ￿9￿tore(A partner8 818 specl8Sly called Extraordinary General Meèting. Canthdales need to oblain 75% of partner votes to be appointed. The board meets 8 limes a ye81 to Ovgrsèè tho ailministration of the thaiKy. The day-to-day admiNistralion or thè charity Is dalègated to the Admlnistralor and to several teams and Committees which operate vAthln polldes and procedure$ laid down by the board. The varfious sub-commlttees Carry out wedfic tasks and make rec￿mendstIonS to Ihe wider board for t(￿81deratE0rt. The remunerallon of kgy managèmént p¢r8onnel is sel by the non-salarfed Trustees and f¢llows a prctess that considerg responslbllitie& qualifications, 8nd benchmarks Irom Gowparable roles in slmllar organlsations. Where app1leaE￿o, exiernal Salary survgys and ¢harity sector guidelirÉèS are referenced to ensure falrness and transparency. The benchmgrk for pay award for pastors is based on the AOG salary guid8bne8. Pay 8W8rds for oth&r staff member8 are b83ed on eomparable posit1r￿S In the wder industy and London Llvlng Wage guldelln8$. Pay revlew8 are conducted p211odka11y. No Iwstae recelvas rÈrnun&ratlon lor thelr dutles. EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Once gppolnted our Tiustees slgn a rnodal Tiuslee dedorallon statement committlng t￿￿rn lo giving of thé lime and expertlse and und91oo a Pro￿55 of inducllc*n and are piesènled with £ welcomolinlomallon pack which outlin95 the pollcies, prooedures, Church Conslilutlon. Tiusl Daed. Holding Tru81ees. current Tft¢sle8s and The Chsrlly Commi8f40n's guidance 'The EssenlÉal Trustee.. what you néèd to know and 'Publlc Benèfit.. runnlng tharlty,. Trustees attend ongolru Irarning provided inlern411y and by external rxoviders. Tho aelivilies of ECCI are PTov¢dgd by Sgveral (kpartments who are allocated a small annual budget Each department h85 a leader who Is also Ihe budget hoklgT. The dEpartment leadei is reSpOn￿b￿ for monitorin lh8 acliviknes of its departmont and evglugllng the èffectlveneBs of Ils adivitses in the light of the charlty's objects'ves. We &lm to r6vl6w all departments on a thi$e-yèar ba￿$ to consider their pr￿re$S, devetymenl and viabilily. Looklng Ahead Contiwed partnerships wllh schoo15, missions, and ¢ommvnity projects are central to futuro and as re8uIt ECCI alms to strengthen and Èxpand ils Community outreach by potential dovelopmenl of o new Communbty Hub rrodol lo centralise ihese activllles and provid8 grèater focus on growng volunlbèrteam5. enhancing tralnlllg. and in¢rea$in9 8UPPOrt for minislries such as the Foodbank, Ci)unselllng ServSce, aTrJ Youth Minlstry. Thtrre are plan8 to i. improve f8cIIII65 and Inv￿ In digltal infrastruoturts, IncludlThJ upgradlng strèam equiwenl and inlem6t rellak￿l&Iy. 11. revl8W thè risk reglster by Twstees. iii. pThide developm&nt sessKJns for Elders 8nd Trustees lo dlscuss strategic PfKJrilles fc)r ECCI. Iv. focus on suwossion plannlng wlthin the organization. Fknanclally, the charity intsllds lo bulld free re50rves to meel ils poliey goals and ensure iong.lerrn 8UStainabllily. Audltors The audllors. Caton Fry & Co Ltd, will be proposed for re-appolnlm6nt at the forthcomlng Annual Gener Meeting. Thè tIUStees' report was appToved by the Board of Trustees. Paul ButEer Ichairl Trustee EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO STATEMENT OF TRUSTEES, RESPONSIBILfflES FOR THE YEAR ENDED 31 AUGUST 2024 The twstees ara re5ponslble for prepating the Tru3l¢es' Report and the financl81 statement8 In aC￿rdan￿ whh appllcabla law and Unilod Klngdom Accountlng Standards Iunlted Klngdom Genèrslly A￿pIed AecoLJnling Practi(*l. The law appllcable lo charitie8 in England 8nd Wale5 requires the trusieÈs lo propare financial statements for each fin8ncSal year whiGh give a true and lair view of the stale ot affalr5 of the chafily aftd of thè Incornlng r880urces and applica￿On of resources ol the thaiity forthal y&ar. In preparfnu these financial statements, the trustees are r¢quired lo.. S8lect suitable accounting pollcies and then apply them consi8lenlly: - obseN6 the Fn8thods and Winc1￿88 In the Charilles SORP 2019 IFRS1021-, makejudgemenl$ and esiimales that are reasonable and prudent., stale whether 8pplicable accounting standards hovg been followed.. and preparo the financial $laleTvents on the golng concern basi8 unloss It Is Inappropriale to prèsurm tt7at the charity will eontlnu& in operat1￿. Th8 trustees are responsible for keepiEtg suffirAent accountlng records that dlgdose wilh reasov*able accuracy at any Ilme the financisl poslllon of the charty and gnablg them to ensure that the ftnanclal slaternen18 ￿rnPty with tho Charllies Act 2011, the Charity IAc¢ount5 and Reports) Regulations 2008 and the provis￿￿8 of the constitut40n. They also responsble for safeguarding the 85*s of the charily and henc8 for tgklng reasonaNe steps for the prevention and detection ol fraud and other Irregularil*s. The trustees 8re r&sponsible for the maintÉnaftce and Integrity of the Charity and flnancÉal inlormaiion includ¥d on the ch8ritls webslle. Leglslallon in the United Klngdom gtsvemlrKJ the proparation and (Usserninabon of finandal stalemenls rn8y differ from legislathjn In otherjuri$th'clion&. EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO Oplnlon We have audlted the financial slatemonts of Emmanuel Communlly Church Inknnaiion81 CIO (the '¢harlty'l for Ih year ended 31 August 2024 whl¢h comprlse the statement ol financial aclivilies, the balance Bheel, th9 slatemenl of cash fl¢)ws and notes to the finarKlal staternents. Including significanl sccounting policies. The fjnancial reporting fiamework that has been applled In their Preparallon Is applicable law and Uniigd Klngdom Accounting Standards, includitvJ Financial Reportlng Slandaid 102 rh8 Finanelsl Reptrrting Stgndard applicablp Fn thè UK and Republlc ol Irèbnd IUnil?d Kinydom Generally Accept8d Accountlrtg Pract1￿1. In our opinion, the finarKial siatemenl8'. give a 8nd fair view of the state of the charity's 8ffaÈrs as al 31 August 2024 and of its incoming resources and appllcatlon of resources, forthe year then Endpd., ha￿ beén propèrly prepared in ac¢¢rd8nco Un1ted Klngdom Gènerally Accepted kncounting PTrdo,' and have been prepared in accord￿ce ￿th the CharillesAcl 2011. Basls for oplnlon We conducted our audlt In accordance with Intemation81 Standards on Auditlng IUKI {ISAs (UK)) and applic8ble law. Our responsibilities undgr those st&nd&rds a￿ further descrlbed In the Auditorfs responsibllllies forthe audit L* the finaoclèl $16tsfftenls secuon ol our reporL We ara independent ol the charfty In accordancfj wth the ethical requlrernents that are rd9vant lo our audit ol the financts81 state¢llents in the UK, includiNJ the FRC'S Ethical standard, and the provlslons availablè for Small entities, in the clrcurnstan￿ set out in note 25 to the flnanclal statements, we have fulfilled our olh&i ethical responsI￿lItIeS in accordatKe vAth th@S8 requlrèmentg. Wa belleve that the 8udil 8vldonce we have obtained is Sufficlènt and appropriate lo provide a batsis lor our oplnion. Con¢luslons r•latlng to gtslng COn￿M In auditing the financial statements. wo have concluded Ihal the tiustees, use of thè golng concem ba319 01 accounting In the preparation of the financial sl*ements Is approprlalè. Based on the work we have perfortned, we have not Identified any materfal uncertaintiès relalThJ to events c condllions thal, Indlvldually or colle¢twely. mgy ca51 slgnlficant doubl on thè eharily's ablllly lo continue as a golng concern foT a p8ri¢d ol at least twelv6 months from when tho financial slatemenls 8r8 aulhorlsed for i38ue. OUT responsibili￿e5 the responslbllitles of the trustees wllh respect lo going concern are dgscribed In the rtslevant sections of Ihis report. Oth8T informatlon The other inform4tlon comprises the informatlon Included in tr* annual feport other than the IIna￿la1 statements gnd tyjr audltor's report thereon. ThÈ trustaes are responsible for the other Informatkjn conts1￿d ￿thin the annual report. Our oplnèon on Ihe financlal sialemenls d(*s not cover the other inlormalioft and wo do not awess any form f assur3nc& conclus10rt Ihèrèon. Our responsltslily is lo rèad the olher Infornallon an(J, In dc4ng so. ¢onsifler whether Ihe otrEr informatlon Is malerially Inconslstent with the finan¢ial slatemenls or our knowledge obtained In the course of Ihe audit, or othemise appears lo bg maleriaiy mlsstaled. 11 we identify Such maleryal ineonsistsnci8$ or apparent malertal misslalemen18, we 8r8 réqulrod to deteTmino whether thls giv05 rise lo 8 mater￿¢ rnlsstatemenl in the financial statèments Ihernselve5. 11. based on th6 work we have performed, we coThlud8 that there Is a materlal mlsstalem8nl of thi8 Other informaiion. we are required to rewrtthat lacl. have notrrfn9 to rèport in Ihls regard. Matters on whlch wè arè r8qulred to report by exc¢ptlon We have nothlng to ￿port in respect of tho following matters In relation lo whl¢h the Char¢tiès (Acwunts aThJ Reports) Regulations 2008 r8quires us to report to you if, in wr opinion.. the infomation glvon In the financial 8ta19m¢nts Is Inconsisl8nl in any mattrrfal TespeBt with tre trustees, report", or sufficient a¢counlSng records have not been kept: or the fin8ncl81 sialèments are not in agrèement wth the accounting rtrcords-. or we have nol received all tho informatlon and explarAlions wè wqulre for our audit. 10_ EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF EMMANUEL COMMUNIry CHURCH INTERNATIONAL CIO Re¥ponslbllllley of trustses As explained more fully In the slaletnenl of Iiustees, responsibiliti￿, th8 trustèes are responsitAo foi the prepaiation of the ￿nancIalstatemeNts and for being satisfied th81 th￿ glve 8 true and falr view. and for such inlem81 eonlrol as tho Iwslees delenmine is necessary lo 9n8ble the preparation of financial statements Ihal are free from material misst8lement. whether due (o fraud or error. In prèp8rinu the flnan0￿ stalemenls, Ihts trustees are re8POn51ble for a&8essing the charily8 ability lo cont5nu¢ as g gtslng concern, disciosing, as applicable, matters related lo golng cOr￿M and u*ng the golng concem basi8 of accounting unless the tru51ees either intend to cease operatlons, or hava no Fealislic allernalive but Its (k) 80. Audltorfs responslbllltles for the 8udtt of tha flnanclal ststements have been Bppoinled as auditor under spKllon 144 of the Charities Ad 2011 and report in accordance with the Acl and relBvgnl regulabons m*e or havlng effecl tharèunder. Our Objec￿ve5 are to obtsin wsonable assurance about wh8th8r the fin8nelal siatemenls as 8 wholè are free Irom materi81 m15Statement. whether due lo fraud or ttrr￿, and to issue an au(*torfs report that Includes our opinion. Rèasonable a88uwce 18 a hi￿1$v91 ol assurance but Is not a guarant86 that an audit conducted in 8Gcordanc¥ with ISAS IUKI wlll a￿ayS detect a maiÈri81 mlgstatement when il exists. Misslalemenls can arise from fraud or error and are con8idered materkl il, indivldually or kn the 8gyregat8, th￿ could reasonably b8 WOCted to influence th6 ¢conomic declslon8 of v$er8 taken Dn tha bBsls of these financial 8laloments. Extent to whleh the audit was consldered capable of dgtectlng Itrogulftrftles, Includlng frau IrregUl￿{tIeS, Induding fraud. aro instances of non-eompllance with laws and r¢gulations. We design proceduTes In line WKM our rosponslblllues. ou151ned abové, to deiecl materlal mlsstatements In resp6Ct of I[f￿Li￿aT{lIes. Including fraud. The extent to whlEh tyjr procedures are capa￿2 ol detacting irregularitiès, induding fra￿1 59 dot8118d below. Our approach was as follows.. We obtaiTred an ijndorstsnding tsf the legal and regulatory framoworks that are appli¢8blo to thB entily ond detemilned that the most ere slgnift¢anl ore those that relate to.. Cornplianc8 wmh St8tÈment of Recommended Practice.. Acco￿tIng and Reportlng by ch8￿tIeS 2015 as thls Ls financlal reporling framework thatthe flnsncaal $￿t￿entS aro based on. The key laws and r8gu1811ons w have considered in th18 context Indudlng Ihe Charities Act. In addllion, wè have consldered provislons of olher laws and règulation tho1 do not have a offect on ttte financlal statements but compliance wfth whlch may be fundamental to th¥ Company's abtity to operate or trj avoid 8 materJo1 penalty. Tho ￿tIO whlch our procedures are ¢apabl& of dètectlng irregularities, Includlng fraud. Is detailed betow. EMMANUEL COMIIqUNITY CHURCH INTERNATIONAL CIO INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO We 8S6e8sed the rfsks of malertal mlsstatsments in r&specl of fraud as follow8.. Enquiry of seni(K management and Ihosa eharged with govèrnan￿ around actual and polenlal lit+JalK)n and claim$ as well as actual, 8uspecled and alLeged fraud., Used analytical procedures lo identify 8ny unusual or unexpèded Telationshlps., Discussed areas ol the financial statements with management that were sus¢eptibk lo misst4lÈmenl. Based on the ieguEts of our risk asse8stnent we designed our atsdil prooedures to 5d￿tIfy non-compliance wilh such18ws and regulation8 Identified above by'.- Carryin9 Out an acc(Funts dlsclosure chetklisl lo confirm Ihal the flnandal statements ¢tsmply wth thè flnanclal réporting framework. We corroborated our &nquiries through.. review ol Corresponden￿ with HMRC and the Charitie¥ ¢¢mmission', reviéw ol eorrespondenco Wth other regularity bodies. We Considered the risk of fraud through management ovethdè, and, in rospon5e, we in¢orporated testlng of manual journ81 entrle$ into our audSt approach both al the year end ar￿ during the course of the ye8r. We tested jou(nal entries and other adjuslrnenls for 8pproprialan8ss and evaluating the busine56 Talionale of significant transactlon8 OUts￿e Ihe normal cow80 of twlness and revI￿1ng aceounts.ro esllrn*ès lor Indicator8 of potenttal bigs. Based on Ihe Te8ull$ ol our rlsk assessment we de81gne(l oui audtt pr￿dureS to Id8Wltify and to addms mal8ri81 misstètements in r818llon to fraud. induding.. We corroborats¢J our enquile$ trwouyh.. • reviewlng a sample of p8ymenls lo docymeniatlon and procedureB bglng followed In Ilne ￿th the flnanclgl procedures and control8 In pla￿., r&viowèd the awounling poI￿leS a(lopl8d by the entity were In Ilne wlh 5tand&rd pra¢Uce and were being followed approprlately by the eornpany. The èngagement p8rtnar consSders the eroagement team eoll8Ctlvely had the &ppropTialg ¢ompelen¢e and capabllitbes to Idenufy or recogni5e notFc0mpliar￿8 with laws and r¢gul8tlons. There are Inherent limitations In the audit pro¢6dures, described above and ihe further removed non.compllanco laws and wulallons is from ovenls and transactlws reflected in the finandal statements, the less Ilkely we would become awaie of it. Also, the iisk of not delecling a m8leA81 mlsslalernenl due to Iraud is higher than the risk ol not detecting OEEe Irom error, as ffaud may involv8 dtrllberate concealment by, for oxample. forgery or Intentlonol misreprèsentalion3, or through collusion,. A further dè8erlptlon of our responsSb151ties Is avpAlgJ)le on the Financlal Rep¢rtlng Coundl's website at.. http8'.11 www.Irc.org.uklauditOl8respon8ib¢lilie$. ThSs desuiplion foms part ofour oudlic¢s report. Other matters The eomparalfve figur95 were not audited. Your attention18 di8wn to the lact th3t the charlty has prepared financAaf stolements In aceordance wth'Accountlng and Rèportlng by Charities.. Slalemenl of Récommènded PreCti￿ appllcable lo charitles weparing itteir accounts In accordance ￿th the Flnancial Reporting Standard applEcable in Ihp UK aFKI Republ1¢ of Ire￿￿￿ IFRS 102>" las amended) In pref8rence to th&Accountin9 and Reporting by Charitles.. Statement of Re(x)mmended Practicg issued on 1 Aprfl 2005 which Is referred to In Ihe extant regulations bul has now begn MAthdrawn. Thls has been done In order for the flnancial slatsrnerbt5 to prDvid8 a true and fair VI￿ In a￿danc0 with current Gen&rallyAcc8PtedAccounting Practlcè. 12- EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF EMMANUEL COMMUNrrY CHURCH INTERNATIONAL CIO Us8 ofour report This raport is made solely to the charliy's trustees, as a bo(ty. In accordancg wllh Part 4 of the Chafilies (Accounts 8Kt Reports) Regul81ions 2008. Our akFdil work has b8en undert8ken 80 thal we might state tothe charily's twstees thDs& matters we ara required to Slate to them In an auditor'5 repart and for Ot￿r purpose. To Ihe fvllÈ* extant P8miltted by law. we do not accept 01 aÉsuin8 rè&ponslbilty to anyon8 olki8r than the charliy and the d)arilV'S Ituslee¥ a$ a body, for our 3udllwotk, foi Ihis report. opinlons we have foi¥ned. oiIFry&Co td, StqluloryAsJ Chartered Accounlants Essex House 7-8 The ShrubbeTi8S George Lane South Woodford London E18 IBD Caton Fry & Co Ltd Is eligible for appothlment 88 8udllor of the ch2rfty by vlrtuè of ils 8ltglb#ily for appolnlment as audiiorof 8 ¢ompany undei section 1212 ofthe Cotnpanle$ Act 2006. EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO STATEMEl+lT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Currant flnancoal yoar Unrestrtcted funds 2024 Re8trlcted funds 2024 Total Total 2024 2023 Notes as restated In¢om8 and èndowmonts from.. Donations and legades Charitab18 acliwlli8s Investments Olher income 375,371 142,908 3.754 401 19.650 395,021 142,908 3,754 401 385.411 172,179 2,508 1,285 Totsl Incomè 522,434 19.650 542,D84 541,383 Expendltur¥ on.. Charitable actEvlties 544,188 22,oe9 566.257 579.037 Total axpondlture 544,188 22,069 566.257 679.037 Net expendlluro 121,7541 12,419) 124.1731 137.8741 Tiansfer into CIO 688,466 Ngt mov•mènt In funds 121,7541 P.4191 124,1731 630,792 Retonclllatlon of funds: Fund balances at I September 2023 As originally reported Prior year adjuslrnenl As rosiated 3,296,643 43,786 3,340,429 54,680 3,351,323 43,786 3.395.109 2, T24,327 39,990 2,764,317 26 54,680 Fund balancès at 31 August 2024 3,318.875 52,261 3,370,g36 3.395.109 Th8 Stat8mont ol flnancial actlvllles Indudes all galn8 and losses recognlsed In Ihe year. All Incomè And èxpaF￿itUre derive trom Gonlinulng athi119$. 14- EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Prlor flnanclal year Unrgstrlcted funds 2023 Restrlcted funds 2023 Total 2023 Notes as restated s restated Income and 8ndowments from: Dona1k￿$ and leoaoes Chaiitable aci¢vilies IHv8Stmenls other Income 348.854 172,179 2,508 1.265 18.557 365,411 172,179 2,508 1,265 Total Income 524,806 16,557 541,363 Expendlture on.. Chaiilablg activities 5e8,488 10,549 679,037 Total expendlturè 568,488 10.549 579,037 Net Incumal{gxpendlturel 143.8821 8,008 137.674) Transfer Into CIO 621,779 46,887 668,488 Not movement In fund$ 578,097 52,695 630,792 Reconclllatlon of funds: Fund balances at 1 September 2022 A$ origlnally reported Prior year adluslmenl As restated 2,722,342 39,99CI 2,762,332 1,985 2.724.327 39.990 2.764,317 1,985 Fund balances ¥t 31 August 2023 3.340,429 54,680 3,395,109 15- EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO BALANCE SHEET AS AT31 AUGUST 2024 2024 2023 as ro$t4ted Notes Flxed assats Tangibl8 ksse 13 3,227.151 3.256.082 Curr8nt assets Deblois Cash al bank and in hand 14 22,833 4M,515 t9,532 417,780 429,348 437,312 Credltors: amounts falllng due wlthln onè year 15 155.4581 146,0451 Not ¢urr&nt assets 373,890 391.267 Total a8sets lèss current liabllllles 3,601.041 3,647,349 Creditors: amounts falling duo after more than one year le 1230,1051 (252,240) Ngt a¥sets 3,370,936 3.395,109 The fund$ of the charlty Restricted Income fund8 UnrestrÉ¢t¢d funds 19 20 52,261 3,318,675 54,680 3,340,429 3,370,936 3.395.109 The financlal statements ￿re approved by Ihé trustees on ........ .... 8U Butler (Chalr) Tru#tsa 16- EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notes as r8Stat¥d Cash flows from oporatlng activltles Cash geneialed fromll8b$orberJ by) opor8tlons 23 28,179 111.0191 Invosilng actlvltles Purchase ol tangiblg fixed assets Investment Income receSved 117.5841 3.754 113.5871 2.508 Net ¢ash usad In Investlng actlvltle5 113,830) 111,0791 Flnanclng aCt￿ltIeS Rèpayment ofbank loans 125,6141 127,3151 Net cash used In fln¥nclng a¢tlvltl8s (25.6141 127,3151 Net decrgase In ¢?sh and cash 8qulvalènts 111,2651 149.4131 Cash aFLd ca$h 6quivalents at beglnnlng of year 417,780 4e7,193 Cash and ¢ash equlvolunts at end ot year 406,515 417.78D 17 EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO NOTES TO THE FINANCIAL STATEMEl+ftS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollclas Charlty inforrnatlon Emm&nuel ¢Dmmunty Churth Intern8t4onal CIO 15 a Chadtgbl8 Incorporated Organlsalion, reg181ered In Englanc¢ & Walès, and Is control￿d by its guvorning th)¢ument,. IVS prindp81 address Is a5 disclosed under legal and 8dminlslralive Inltsrmation. 1.1 A¢¢ountin9 convention The financial statsments have b88n prepared In acoordance wlh the eharllls govemlng document, the CharllesAct 2011, FRS 1D2"The Finawal Reportlng Standard aPP￿rable in the UK and Republltr of Irèland. and the Ch8ritle5 SORP"A¢countityJ and Reporting by Charilies.. Slalèmanl of RecomEntrnded Practice 2019 appllcable to charities preparing their aectsunis in ac¢oid3ncp with th8 Flnanckgl R&porttiig Standard applicabte n the UK and RePUN￿ of Ireland IFRS 1021". Tre ¢hariiy Is a Public Benefit Entity as delned by FRS 102. The fingncial statements have doparted from the Charlli¢g IAccounts Reports) Rg9ulatlons 2008 only to tho extent ￿qUIred lo provKJe a true and fair vlew. This departurè hos involved followlng Ihg Slaternent of Recomrnended Prac11￿ foT chaililes t4)ptying FRS 102 rather Ihan the version gf the Statement of Recommended Practicè whkh is feferred lo in the Regul81ions but whlch has slnce been wllhdrawn. The finandal gtAtement8 ore prepa￿d In sierlSng, whl¢h 1$ Ihe lundlonal CUTfency of the charity. Mon8tary amounis in Ihe8e finanolal staternents ar¢ rounded lo th8 nearè81 £. The siat8ment8 hav¢ been prepafed Undèr histOfiC81 ¢ost conventlon. modil8d lo Indude tho revaluation of fr¥¢I￿ld properties al falr walue. The pdnclp81 accounting pollc¥es aLk)pl8d are set out below. 1.2 Golng concern Al the titlle of approving the financlal statemgnts, tha trustees hava a reasonable expeclalion that the charty has adequate res(yJrces to continu6 In operational ex15tence for th8 foreseeablg lulute. Thus the Irwt¢¥s Dnbnue to a(lopt th• yoxig concem ba8B of 8ccounUng in preparing the flnancial statements. 1.3 Chariiablo funds Unre81rl¢l8d fund$ are availa￿8 lor Ltse at the disuetion of Ihe truste6s ln further￿Ce ol thelr chafilablo objgotives other than DèslgrAtsd fvnds whlch have been 80t a6lde by Ihè Trustees for $pBdfic act￿￿1￿6 undertaken by the chaiity. Restrlcted funds are SU￿e¢t to spociflc ¢x)ndlllons by donors or grantors as to how they rnÈy bts used. The purpo898 8nd ￿eS of ihe regtricled fund8 are sol oul In the notes to the firrandal statements. 1.4 Income Income is r￿QgnISed ￿en the tharily is legally enlille(I to it after any p¢rformance condltlons h3ve been sret, the amounts cw b& m&asured relEably, 8nd It Is probabl? that Income w51 be recelved. Dorialions and other Incoming resources- Represants Income Irotv litheg and offerlngs from mèmber8 and vi8ltors ollhe Church recorded when they are r¢rElvable. 18- EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accguntlng pollcles IContlnu•dl 1.5 Expendlturè Expenditu￿ is aC￿￿ted for on an accrual8 ba&$ and has bèèn classffied un(kr headings that aggregate all cost rel8led to the categcry. Whete cgsls camot be directly atirlbuled lo partlcular headings they havo LEen located io aclivlties on a basls consistent with the use of reÈourca ¢ost6 of charltable actlvitles are thc*se costs relati￿g lo the acllvltsts carrted out lo meet the obj8¢tivos ol the Church. These indude both diro¢lly attributable c081$ and apportioned Support costs. Governancè costs we the costs as8ocialed wth the strategic direction ol th8 organigation and with tnQg1ing gulatory respCfflsl￿l1ti8g In¢lud5ng apportior￿d support costs, 1.6 Tanglblè flxed assets T8ngiblè fjxed asseis ate initially mèasured al ¢081 aThJ subsequeniiy measured al c05t or valuallon. net of depreclation a￿1 any Impairmenl1085es. Dopreclation is re￿gAr8ed so 8$ to wrle off the ¢ost or valLWtion of 888ets less thèir resldual Valu￿ over Iholr Useful Ilves on the followlng basés.. Freehold land and bullding8 Flxtures and fittlng$ Over 100 years on bulldlng only. Land 1$ not depreciated. Bofvvaen 33% and 20% on 1031. Thè gdn or loss arfsiro on the disposaf of 8n a8801 is delermined as th& dlfferenc8 bgtween the 8ale pro¢¥o(ts and thè carrylng value of the asset, and Is Tecognl8ed Ih? statement of flnandal acllvitsgs. 1.7 Impalrfflent of fxod assets Al èad) reporung end dale, the ¢harlty revi&w$ thè carrylng arnounts of Its tangible assets to deteminè whethgr there is any Indlcalion that those assets hav8 SLtffered an impalrment loss. If any s￿h Indiation a￿st5, the recoverable amount of the a&89t Is ostimaled In ord9r l¢} d6termine the eKtènt ol the impairment loss lif any). 1.8 Cash artd cash equlvalents Cash *)d cash equlvalenls in¢lude cash in hand, dèwsfts held at call ￿￿th bank#, other short-tsrm liquid Investments with original malurilles of thre# months or less, and bank overdr8ft8. Bank overdrafts Are showll wllhln bO￿￿￿JS In current liabllitiBS. 1.9 Flftancial Instruments The Charity has elected to apply Ihe ¢xovisÉons ol Seciion 11 'Baslc Flnandal lrtslwments. and S8ctton 12 'Other Financial Instruments Issuès, ol FRS 102 to all of It8 finandal instrumonls. Flnancial In51rumentS are recognised In the charlty8 balanc& sheet when the charity becomes party to the contractual provislons ol the Inslrumenl. FTnancial 38spts and liabilillès aye offset, with the nel amounts prèsented in the flnanclal st8tsm8ntg. when there 55 a legally enfor￿able rlghl lo set off the rwnlsed amounts and ther& Is an Int8nllon to settle on a net basis ortg realis$ the asset and $8tt1é the IlabllSly simultaneously. 8851c Ilnancial assets Ba51c finand81 8888ts. wNch Include debtors #nd cash *)d bank balAnc85, are initialty m88sured at tr8nsaction prlce including trxnsacilon costs and afe subsequently ca¥rted at amortSsed cost using the 8ff8di inler8st method unles3 the arrangemenl constlluies a financing Iiansaction, where the transaction Is measurèd al the prosenl value of the fuiufe recelpts dlseounted at 3 m8Eket rate of inlgrgst. FInanc￿l asset8 classified as receivable wlhin one yfyar are not amortised. 19 EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcl85 Icontlnuedl B8$i¢ flnancial li8blllUas as￿ f￿ancIal Ilabiliti8$. Including crgditois and b8nk loans are Inlllally recognlsed at transactlon pric& unle8¥ the arrangemenl conslitulgs 8 financlng transgction, whore the d&bt inslwment Is measurgd at the present value of the futsjrè payments d16countod al a market rale of interest. Financlal liabillues classllled as payabt8 wlthln one year are not am￿tIsed. Debt Instruments are sUbSeq￿n11Y cathed al amortisèd ¢05L uslng the effedivè inlgr8sl rate method. Tradè credltors are obllgalK)n8 to pay for goods or serv1￿5 that have be9n acquired in the ordinary co(¢rse ol opera11ons fr¢)m suppfièrg. Amounts payable ara dassified as wrrent lIak￿lItieS if payment Is due withln on year or kss. 11 not, Ihoy are presented as n￿k¢urrent liokxlities. Trade Creditors are recognis8d ini11311y al transaction wlc& and subsequently measured 91 amortlsed cost using tho &ffeclive inlere8t method. Dgrecognffllion of fln&nelal li&billtlvJ Fin8￿cIAl Ilabilities are dwecogni¥od when Ihe charity's conlra¢tuaE obllgali¢xi8 8xpk6 or are discharged or cancelled. 1.10 Employee benèr The ¢ost of any unused holiday ¢ntlUement Is recognised In the perknd In whith th9 ¢M￿0Ye8,$ se￿ceS are recelved. Tèrminatlon benèfits are recognl*d Imrnediatdy as an expense when the ch8rity Is demonstrabty commlttÈd to 10rmlnate thè em Joymenl of8n ampkiyee ￿ to provide termination benefils. 1.11 Retlrement benefits Payments to d8fin8d ¢¢ntribLrtion retiremgnl bf neftt sthemtss are charged as an expense as Ihay fall du8. Crlllcal accountlng astlmates and ludgemonts In the application of the charity's accounlng polldes. (ha trustees are Tequired lo make judgemtsnls, e$tttnates and assumptsons about the carrying arnDLtnt of assets and li8bllilles that are not readily apparent from other source5. The estimate5 and associat8d assumptlons are basgd on historlcal experience and other f&clors Éhat 8r& considered to bg r&￿￿8￿1. Actual resu5ts may rfiflèr from these esthmales. oslimatss 8nd underlylng assumption5 are ml6wed on an ongoing b8sf9. Revisitsns lo accounllng eslimales afe r&¢ogntsed In the period in whlth the estlmale Is r9vised where the mi8lon oflecis (wly that perlod, or in the period of thg rev151on and fulure periods where the revl8v)n affects both currÈnl and futuro period8. Income from donatlons and legaclés Unr•strlcted Restrlcted funds funds 2024 2024 Total Unr95trlct8d Restrlctad funds fund# 2023 2023 Total 2024 2023 Tithes and offerityJs GiftAKI 301.S86 73,805 16,424 3,226 317,990 77.031 301,133 47,721 16.557 317,690 47,721 375,371 19,650 395,021 348,854 18,557 38S.411 EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from charltablè ￿11¥￿tI8S Unr8Strleted Unr8stilctèd funds fundts 2024 2023 Nursery inLvmg Hall hire 133.232 9,676 156,418 15,761 142,906 172,179 Income from Inveslmonts UnrestrS¢ted Unrg$td¢ted funds fullds 2024 2023 Inl8r•8t in¢ome 3,754 2,508 Other Incomg Unra8trlctsd Unrsstrlcted funds lund$ 2024 2023 Other kncome 401 1.265 21 EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2024 Expendlture on ¢harltable a¢￿VItI93 2024 2023 Dlrect costs Staff costs Depre¢lalion and Smpalmienl Church preml$es Department exp8nSeS Equlpment eXPen￿d Advertlslng & promotional Hospllality Gifts and don81ion$ 267.449 46.51 S 23,829 16,269 7,675 1,785 17,653 46.382 290.997 44,720 16,473 24,079 16,983 9,IA8 9.158 48.822 427.537 4SO.300 Share of support and governance costs1$8o note 81 Stjpport Governance 123,9eo 14,760 114,1TT 4.560 566,257 579.037 Anatysls by fund Unrestricted funds Restricted fund8 544,188 22,oeg 568.488 fjO.S49 566,2S7 579,037 Support Costs allo¢ated to actlvltles 2024 2023 Mortgage Snlere81 Insurance Repairs & elèaning Travel Bnd Subsistence Li¢èncè, membershlp and subs¢[1p￿0nS Sl8tlonery, IT and teIephC￿e Professional fees A¢couni8ncy fees Bank ¢harges Staff training and sundry Governance costs 20,241 8,251 37.530 10,130 14,221 14,270 4.625 9,887 1,637 3,168 14.760 15.445 11.832 53,73B 4,407 7,444 7,489 3,324 6.61S 1,475 2,406 4,560 138,720 118.737 -22- EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2024 Nèt mov•m9nt In funds 2024 2023 The nat movom8nt in thnds is stated aftér tharylThJllcsedltiTrJl'. Fe6s payabl8 to the charitys Auditor.. lor thè audit of thè charlty's flnanual ststements - lor other assurance s8rv5(%S Deprèclallon of owned tsnglble Iix8d 85sets 10,320 3,780 46,515 44,720 qo TruÈt8e Th• charity coDgid#r5 Its key managemant P6rsonnel to comprise the trustees and eld¢r5hlp of the church. In accordance wllh the Cha¥lWs Constltution, and in line wtth other Churches Rov. Douglas Wlllam5 and Pastor Chrislophcr Palmer wero remunerated £73,848 12023 '. £73,323) whlch indudes national insurance nd employer penslon contributh)ns. In accordance with the Charily's conslilul¥)n the Snr. Pastor lives in a pioperty owned by the Charily. Monlhty r•nt whlch would havè baan received on th& open marf(el is estimated at £1,085 If it were not Dthgtwse occupied. There we no trustees, èxpenses paid for the year endad 31 August 202412023 .' £MILI. 11 EmployeeB The average monthly nwnber of &mployees durtng Ihe yearw8S.' 2024 Numbor 2023 Numbgr Church ECCI Nursèry 11 Tot81 14 18 Employmont costs 2024 2023 Wages and salaries Soclal 88GWtty c051s other pen8ion ¢o¥ts 242,920 12,984 11.545 262,151 16,769 12,077 267,449 290,997 Therè were no employees whos& annual remuneratlon was mtsre th3n £60,000. 12 Ta¥atlDn Th& charlty is exempt from tsxati¢x¢ on Its activllles becau8e 911 its incotne15 8pplled for charftable purposes. -23- EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 13 Tanglbl& flxod assets FreDhold land ￿xt￿eS and and bulldlngs flttlrvJs Total Cost or valuatlon Al 1 Sepiember 2023 Additions 3,575,000 377,855 3,952.855 17.584 17,584 At 31 August 2024 3.575,000 395.439 3,970,439 Depreclatlon and Impalrment At I Set*8mber 2023 08wèclation charged Sn the year 338,468 21,954 358.307 14,561 6%,773 46.515 At 31 August 2024 370,420 372.868 743.288 Garrylng amount At 31 August 2024 3.204,580 22,571 3.227.151 At 31 August 2023 3,236.534 19,548 3,258,082 In Juno 2Q?_1 the Tfustees revaluèd thè thr60 ffeelw)Id propertles tr￿1￿ {Greenkaf Cenlre, ECC Erskine Road and 23 Hillcre5t Road) to a total of £3,575,000, the vÈlu8tlon was underlaken by Humphrey & Co Property Services Limited. 14 Dgblo 2024 2023 Amounts falllng due wlthin one ygar: Trade debtors Other debtor8 Prepayments and aG¢rued IrKome 1,648 2.827 594 18.311 20,591 22,833 19,532 16 Credltors- amoullts falllng due wlthln one year 2024 2023 Notes Bank loans Trade ueditors Other cr8dilots Acttuals and d8ferred Income 17 27,481 9,802 2,333 15,842 30,960 6,185 2,461 6,439 5S,458 48,045 -24- EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 Crgdllors: amounts falllng due after more than onè y•ar 2024 2023 Notes Bank IDans 1Y 230,105 252,240 17 Loans and overdtafts 2024 2023 Bank loans 257.586 283.200 Payab￿ within one year Payab￿ after cne year 27.481 230,105 30.960 252.240 Am¢)unls Included abc*v6whlch lall due after five yea Payabb by instalmenl8 100,920 159,360 The long-lerrn loans are secured by fixed charge8 overThe Greenl8al Centre propety. Interest is charged al 1.75% over th8 B¥r& En9land Base Raie. 18 R¢tlrem8Bt baneflt seh8mos 2024 2023 Dgflned contrlbutlon schemes Chargè tr) pmfit tsr Ios8 In rèspÈct of definad contributlon schemes 11,545 12,077 Thè charty op£rat8s a defined contribution penslon scheme for all qualwylng employees. The asse15 01 the scheme are held separalely from lI￿Se of the charfty In an Independently admini8lered fund. -25- EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 19 Rogtrlcted funds Thè réslrfct8d funds of Ihe charily comprise the unexp8nded balances of donations and grants hold on trust subject to spec4fic conditions by donors as to how they MBY be used. At1 September 2023 Incomlng Rtr$ourcès Transfers Into At 31 August r&soL¢fc85 exp&nded cio 2024 School of worship New tx¢ilding KKIS club Bags of hope Klntsugl hope Bible for ECS Hardship Donation and1og8cy 17,958 800 1,311 21,015 2,423 278 8,910 1,985 11,4001 1S,558 800 1,521 26,997 2,423 281 3,681 714 16.78S 15041 110,e031 2,148 (7,3771 14,9851 54,680 19,650 (22,0691 52.261 Prgvlous yèar: Atl S$plgmbor 2022 Incornlng resources Résourea$ Transfers Into Al 31 ALtgu¥t expgnd8d cio 2023 Sthool ofwor$hip Mew bulhJiThJ Klds dub Bags of hope Klnisugl hope Blble for ECS Hardship Donation and legacy (7,0381 24,998 8DO 1,311 12,657 1.398 355 5.170 17,958 800 1.31fj 21,Ll15 2,423 278 8,910 1,965 8.739 1,318 13811 12931 (771 12,7601 6,500 1,985 1,985 16,557 110,5491 46,887 54,680 Restrictsd monles aro glven by the congregation for a p4rtl¢ul¥r prol*Gt as fdlows'.- School ofWorship- To ￿rtICIpate in S.O.W. eventsltraining. . Klds Club- To subsidise young peopl8 on lrips1campslconferen￿s. Bags of Hope IFoodbgnkl- Foi community outreach. Kinlsugi Hope- To support wellbelng prtsgrammgs, Bibles foi ECS- To purchase blbles for Emmanual Community Sehool. Hardship- To help IndNldualB In need. -26- EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEO) FOR THE YEAR ENDED 31 AUGUST 2024 20 Uniestr1cted funds The Un￿StriCted fLtnds of th6 charity cornprisè Ihe un8xp&nded balan￿8 ol donations ahd grsnts whlch aro ntrt 5ubiod lo specific condllions by donors and granlor5 a5 to how Ih¢y m8y be used. These Include de8tqnaled lunds which hava beèn sat aS￿e out of unrèstricted funds by the trustees for 8pecilc purposes. At1 September 2023 Ineomlng resourGèS Rosourco5 Transfers Into At 31 August èxpended cio 2024 Nursery Freehold Mission New bulk1ing General funds 104,278 2,978,948 76,114 52,184 128,907 134,122 1134.7111 131,9541 133,5281 103,687 2,946.994 7?.,081 52,184 143,729 29,495 358,817 1343.9961 3,340,429 522,434 1544,1881 3,318,675 Pr&vlous ygay: At1 September 2022 Incomlng resourc•s Resources Translèrs Into At 31 August éxpandèd cio 2023 Nutsery Free￿Id Mi$sion N8w bu￿dIng G&nar81 funds 82,323 2,705,162 158,073 1134,1201 104,276 2,978,948 76.114 52,184 128,907 273,786 82,098 52.184 213,711 29,333 135,3171 P5,1531 339,400 1399,0511 2.762,322 524,806 1568,488) 821.779 3,340,429 Designated fvnds are monies 801 aslde bythè Church idaling to the followlng:_ . Nursery- for use by.the Nursery. Freehohl based on the net book v8luÈ of th6 fréEhold propertl¢8 lègs th8 outstanding IDan. Mission- for ml8$lon puipo$es wholher local or overseas. . New bwlthng- funds held whKh are intended to ba used for thè pwchasè of a new building. 21 Analysls of ngt assets be￿en funds Unr•$trlct8d funds 2024 Re5tr1¢t¢d fLtnds 2024 Tot•1 2024 At 31 August 2024: T8rHJil￿e assets Clwrent a55et51lllabiliUes} Long term li8billlles 3,227,151 321,629 1230,1051 3.227,151 373.890 1230.1051 52,261 3,318,675 52,261 3.370.É -27- EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 21 Analy$ls of net assets bttw¢en fund3 Iconllnuedl Unrestrlcted funds 2023 Restrlctèd fvnds 2023 Totsl 2023 At 31 Augtsst 2023: Tarrfjible assots Cutrent 8SS8ts1lli8bilitiesl Long term Ilabilities 3.256.082 336.567 P52.2401 3.256.082 391.287 1252.2401 54,680 3,340,429 54,680 3.395.109 22 Related party transactlons Other than 88 disclosed in Note 10 Ihwe were no other dl5¢10gablé ￿l•l¢d party IransaclKJn8 during the year 12023- ￿ne}. 23 Cash gengratgd fromllabsorbgd by) op&ratlonÈ 2024 2023 DeficEt for the year 124,1731 137,6741 AdluBtmgnts for.. Inveslmanl income fecognised in stalpmpnt of finan¢io1 aetivStl6s D?pTrdatiDll and impairmonl of langlUe fix¢d ossets 13,7541 46,515 12,5081 44.720 Movements In worklng capltal: Ilncreasel in debtors Incfease in creditors 13.3011 12.892 119,5321 3,975 Cash g&nerat•d fromllèbsorb¢d by) opèratlons 28,179 111,0191 P¢r eash flow slatemonl page 28,179 {11,019) 24 Analysls of ¢hgnges In netlunds At 1 Sfrptomb•r 2023 Cash Ilows At 31 Auwst 2024 Cth at bank and hand 417.78D 111.2651 406.515 Loans lalllng due wtthTn one year Loans falling due after moro than one year 130,9601 1252,2401 3.479 22,135 127,4811 1230,1 D51 134,580 14.349 148,929 -28- EMMANUEL COMMUNITY CHURCH INTERNATIONAL CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 25 Non-audlt servlces prOvId￿ by audiior In common with many organls&tion8 of our slzo and naiuie we use o(tr auditor lo a88isI wllh the pwarallon of the finanGig1 siat8mènts. 26 Prlof perlod adlusirnent Changes to the balance sheet At 31 August 2023 A$ previously Adlustment reported A8 r68tated Flxod assets Tangl￿0 ass*8 3,212,296 43,786 3.256.082 Captt41 fund8 Income fund9 Rèstrided lunds Llnrs$tri¢led funds 54,6 3,298,843 54.680 3.340.429 43,786 Total equlty 3.351.323 43,786 3.395,109 Changes to th• Stat8ment of Flnan¢lal Actlvltles Perlod ended 31 Augu$t 2023 A6 PTevlou8ly Adjustmont AS restatÈd rèported Charftable activities 582,833 13,7961 579.037 Net movement In furKIs 626,996 3,796 630,792 A rev16w of the ￿nd and building depreclatkn balance brought fo￿ard fO￿d that land had boon depreclated In previous year* Therelore a prior ygar adjustment has been made lo rectify thls error. 29-