Charlty rnglslratkn numbor 267322 EMMAUS BIBLE SCHOOL UK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022 EMMAUS BIBLE SCHOOL UK LEGAL AND ADMINISTRATIVE INFORMATION MrWDthb klr Kl GIR IAr N HwtrNJge IAr J Heron Mr P Jonas tk C Lancashir• MrA Russpjl Charity numb•r 287322 PrfnclpAI addy 2&30 LarIthI￿ Lan L1398R Ind•p•nthnt examln•r klr P J Barton FCCA ART A￿)Ufttants LiThMted Ground Flwr 11 Manvws Street BA1 1JQ B•nkorn 101 Vthiiby Road Cheshi CFW OAD Solicitorn Butrknr & Barbxt LLP 3 Royd Gadlxoc* Park North¥Mch cwa 7UD EMMAUS BIBLE SCHOOL UK CONTENTS TfUStees' reiwyt Baance sh8at 7-13 EMMAUS BIBLE SCHOOL UK TRUSTEES. REPORT FOR THE YEAR ENDED 28 FEBRUARY2022 Tha finanoal statements have been in actr)rdar￿ V*ilh the ao))unling Fdi905 set out in 1 to the flnanoal ￿taten￿Trts an¢J ¢)Jmpty vthh ￿ ￿￿14￿8 Dgod of Tnjst. the Ch8th"es Ao* 2011 and 'Aecounting Repofting by Cttaribe8: Statement of RecoMn￿ded PFathc* arplicat4e to c*ari*es prgP8ring th￿r ￿￿UnIS in acurdan¢a wrth Ihe Finawal RepNtirwJ Standard apF4icth in tr* UK arKI Rewtslic of IrelaTrJ (FRS 102) leffec*¥e 1 January 2019)". ObJetho8 and aell¥ib•¥ To advance the evarvJelical Christian f*1 by estsblishing arwj m8intsiThng centres to teath the Bible, by preparing Christians for Christ'an service at aTrJ atffoad. by iS*Nng and c¢nduding carreS[￿denCe rLJurse$ in Biblical and related subi8cts èither in book form ty wa the internrt by publrshing and dealing in Christian literature by To do 8uch other things as shal be iThidental or to the attainrTWrt of the abthffj oLyec* and in part*)Jlar the followng: To purthase, take on kn7se. or In exd￿nge, hire ty 0￿￿￿58 aL¥uire any real or Pgrwial property and any rights or priwleges which the Charty think ngxssary or rnnvenient for of rts ￿l'ectIVeS, and to cyJnstrucL maintain and att¢rwy ￿￿IdIngS (Y ty 0)n¥e￿ for thowork ofthe Charity. To sell, ￿t. mortgage, dispx• of w lum to att¢unt all or any of the property ￿ assats of the Chanty as m8y be thought exFedient with a Mew to the worwtion ofthe Otle(*￿ of thè Charity. To undertake arKI exeth any t￿￿ts whith may t**tuty te uTrl*lkn by ts Ch*ity and may be conduc¥vo to it8 objectives. To borrtr•V or rai88 forthe Puryboee oflhe Chwity cffl tern￿ and M such security as may be th)ughl fft. or propety as may ￿ thought fft, tr￿rt so that monies wtie¢t ¢x representing property subi8Ct to the jurisdiction of thÈ CharTty Commissioner5 of E￿and and bltsles thy be inve8ted in SLth 8ecurbtiè# arKI with 8ucth san(aion lrfanyl as may fortr* time tieing be pre￿"tsed by l&¥. To estsblish aThJ or awj in the eslknli8hment *KI of any th•itth assouation or insts￿b)n and to SubsC￿be or guarantee n￿&Y for c*wilth wIpc￿ in wth fv wIF￿seS of tr* Charity or calculated to further its objec*"v¢& To advanc* the evangd1￿ Chri8ban Faith to both those to th8 faith those r The trustees hava paid due rogard lo guhlan(x by the Chwity deridbro wl)at aLaivibes arty should undertake. EMMAUS BIBLE SCHOOL UK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2022 Roview Of •¢tiviiio¥ The sourcing, dwning. iyoduory, winling. t*tlisl¥"ng 8rKI of 8lble 8tsKty ThHieri* o)ntinue8 to be tho central aCti￿ty of the Charity. accommodation. The offices arn hdyng to fulfil the tharilies obieds. arwj the •Jditsonal Ilats ao]uirod *h?Ih the offices, have b88n providing addrbonal rentsl Inc￿ furthe tharity. number availat4e online. as and required. The tharity is benefiong add￿¢ThI wortKWS suppth'ng the 9rcthv1h of the work, in thè developm￿1 of addrbonal wJrses. p&t'uJlarty for ththjren teens. and in i*fferent (ornats. induding web and audio vi8ual. Our plans to pronK)te the of the Charity courrtry cg>nlinue TAith a view to inc¥Easing Ihe SLPWt for the wth. are a(*¥ety lookir¥J ll)tO Way5 of ww¥J the •4¥arerth UK chw(*￿5 and Christian tharitiey. Communlty Bonofft Through the free suppty of Bible sludy rrAl•rral, togeth¥ 7*iih a d8thcaW PersOr￿1 tutor, th• Charity prowdes Students with the means lo access ethical and nKttI ¢crfJes for the indNKlual and socaety, provide guidance in lifv, comfort in times of so￿. pers￿1 insFMratI￿ to improve self and help others. The Bi￿0 Study materi dea13 ￿1￿ many of th* tssues that FeoFle of all ages. nalionditie5. eti￿ and so(xal bao*gr¢)unds face on a day day basis. Benefits are evidenced in the ¢xmmgnts made by students and the many letters that we receNe from students and eollè¥gue$ old and new. Many pris￿r5 and famil￿ fiThJ wrpose and mèaning to their lives and a nsw rasolv8 to in aCcOrdar￿ wrth tho requirements of th& l•f on release aTrJ mak¢ reparation and a postb Various prisons arg vi$rted to eoThJuct Bible ￿udIeS ¥nd suth St￿ materials. All study materials used in the pri80n work are sent ¥￿th￿rt charge to the user. In aJ¢it￿ a nurthr of UK based Chllstian organi98tions and A88i8tanee has been gNen in tra)￿11￿ th ond StsKI￿ to ber￿ thg Eastem European C4)mmunty in the UK Opportunities are being sought to wov*Je mtsial fty rtiktren into Sd￿ in UK and so inwsing thaiity btneffts to a new ag& group. Flnancial rgvl Full detail$ of the arn in tho alta(**d atxxjurts. T)urts in awdance vAth ts Finanaal RwbtvJ Slandard ap￿ICable in tho UK and Repub￿¢ of {FRS 11Y2} in prsf¢rence lo the Aw>ynting R8portit¥J by Charities.. statem0￿ of Re￿)m￿thI Pr*kx i5*￿y C￿ 1 hwil 2{￿)5 vthith is refeffed to in the extant regulations but has ncm baen witrKlrawn. January 2015. I have ¢Orn￿eted my examination. l o)nfKm that no matters ha¥8 ctrfne to my attention in corfftction wilh the examinalion giwng me cause to bthve that in ary material respe ac￿￿ntIng rocords vArè not kept in Tesped ofth• d* as reqLired by sedi¢)n 130 dlhe 2011 Art or the finarrial statemants do not acwd with those rgoyds: trb& finanoal statements &) r*)t tsjmpty 7*•ith the applicati1• corKerThTra th• form arKI content of accounts set c4Jt in th8 chanb.es IAo))unts aThJ Rep￿8} ReguEations 2008 other than any requirement 41 the accounts give a and fair vivw is noi a rA)n￿dered as part of an i￿ndent examination. attention should be d[￿4n in this rewt in (￿der to ￿1)18 a yoper urMlef5￿1r9 ofthe finantial statements to pli Mr P J Barton FCCA ART Aco)untsnts Linited GrourKI Floor 11 Marbv8f8 Stre•t Bath BAI 1JQ l £oLt EMMAUS BIBLE SCHOOL UK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 28 FEBRUARY2022 Total fund8 2021 2022 2021 2021 como an D￿atiOnS and legaaes Charitable a(*viiies 173.556 174.053 14 167 178.587 12.000 188,053 14 167 178.587 8.579 Other income Totsl incom• 182.135 352.821 12.lJ(M) 364.821 Ex ndi Charita￿• a¢liv￿e8 129,179 12.000 141,179 Other 11 Total •xpgndilurn 88.6 129,179 12.000 141.179 N•t incom• for th• yearf N•1 mov•m•nt In fvrKI 93.445 223.842 223,642 Fund balances at 1 PAarch 2021 508,287 284,645 284,645 Fund balanc•8 at 28 Fobnw 2022 601,732 508.287 508.287 Atl income and eX￿di￿re darive frtyn rxyrtintmry a(*¥ib8& EMMAUS BIBLE SCHOOL UK BALANCE SHEEr AS AT28 FEBRUARY2022 2022 2021 T8ng1b￿ assets 12 178.oc 176,000 Stocks DobtOf8 Cash al bank and in hand 13 14 7.403 301 418,028 9.6( 322,681 425,732 332.287 Net ￿rrent assets 425.732 332.287 Total assets IM• cuyrnnt Ilablllllg¥ 801.732 508.287 601,732 508.287 601.732 508.287 Th¥ financ4al stat￿￿nts 4wo¥ed by th• Tru*ees I￿. II,,ILL Mr Trust•• Alr IYJona8 EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY2022 Aetountlng poli¢1 Charfty Infonnation Emmaus Bible S¢htsol UK is on go¥wrirvJ is a Trust D*4.. 1.1 Accountlng ¢onvgntlon The fin#wal stst8m8nts have been wepared li *ilh Ihe t*arit*s Iw¥eming d0￿mentI. the Charities 2011, FRS 102 "The FinaTrial Rep(w11rvJ SlaThJard 4plKatJle in the UK arKJ RepublK of Irelan rFRS 102.) arld the Charilie8 SORP -A￿￿ntIng and ReFx)rt¢ng by Charibès.. Statèment of Rewnmend•d Practio applieabl• to charTbes preprin9 Iheir actimjnts in accordanc* wrth the Finanual Reporting St8nd8id applie¥iYe in the UK and RepLtlic of Iiel8ThJ (FRS 102)- {effeth'¥e 1 January 20191. The tharity is a Public Benefit Entity as defined by FRS 11Y2. The finanaal sL*ft￿ hav8 departe•J frcrfn the Chwiii•s {AC￿nIS and Reports) Regulalions 2008 onty to the extent requirgd to Pro￿￿& a true and fair ¥1￿. This d￿rtUr& has invofved follThv7ng the Stat8m•nt of Recommended Pr¥c*"(* for tharrbes apptyirYJ FRS 102 rather than the Ye￿on of the Statement of The finanual stateTh￿S aft Nepa￿1 In tsbng. i8 the fiJThknal cuThenGy of the tharity. Monetsry Thg financial statements have been prepared thè historical cost convenb"on. Imodffi•d to indude the revaluation of fraehold propertres and to indude in¥e¥tmtt propert￿ and ￿rtain financ4al instruments at f•'r voluel. The prtrKapal aCca￿tir$ wAicae¥ ad¢)pted arE set bd(M. 12 Golng concorn At the time of approvirffj the financial 3tatern￿, the Injstees have a rea80nable expethb'oft that the tharity 1.3 Ch•ritsbl• fund• Unrestricted fvnds arn 8v8fib8blg di￿811￿ of th8 In￿ in fLwltwarte of tIHr tharOlabl8 obj'eclives. Restrithd ftJnd$ are to speafic coThthtrons by thnors as to they may be us•d. Th• purposes and Use8 ofthe r•strithd funds are ￿ out in thè notes to the finantial statemen charity. 1A In¢ome relation to (b)nab"ons receNed under GiftAid or deeds of co¥enanl is r•eognised at the time of the don*ion. Legaaes are rLwised on rew¥* ￿ otheTh*i8e rf the c*wity has been r￿lfiel of an impenthng distribubon, th& amounl is knrmn. and receipt w ¢xp¢d¢d. If the anThxwrt is not knry•m. thè 1898cy is treated as a EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMEMfs (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2022 A¢¢ounllng pollGI IContlnu•d) 1J Expèndlturn abilities are rwni8ed as 8rnn as Ihere Is a b8gal or oblalion CLvnmitting thaFity to pay out resources. 1.6 Tanglbh fixed aM•ts Tangible fixed assets ar¢ inrbalty measur•d at cost WKI 8ubs•quth at a>st or vduallon. net of depreliation arKI any los Dep￿at1￿ is r8¢x¥niséd $0 as to 7hTit• off thÈ or valualion d assets legs th•r residual values ov•r their sefij lives on tho frAkn￿n9 bases.. Freehokl land and Fixtijres and ￿"n9$ The gain or1088 ar￿￿￿j Ihe ¢Jispo8al of an asset is detemined as drfference bets¥oen the Sa￿ proco•ds and the ￿TryIng value of the asseL 18 reo)3nised in the statemerrt offinanoal athvities. 1.7 Impalmwit of fix•d •8sats At each repo￿n9 end date, the of Its tsruble assets to delermin8 whether 1$ ¥ny indicabon that those assets 8uffered ￿ inwairment kjss. If any suth indi¢atitin 8xists, the reo)verat40 amount of the asset 18 •81imated in to determins extent of th* impairment 1098 (rf arryl. 1A Stocks Stocks a￿ stated at the of c4)st a￿1 estimated price kns ￿$ts to cg)mplete arKI sell. Cost o)mpfWS direct materials and. where appli￿ble. 4Jirtt* labwr r))sts and bhose overheads that have been irwed in bringirwJ the 8tot*s to their wesent localion and ¢xndrbon. ltsms hekl for distribution al no or Net realisabk value is the esb"mated sellirwJ w less ￿ es11￿le￿ t>)8ts of £¥)mth￿ and cL)sts to be 1.9 Cash and Gash •quivalerts Ca$h and cash equi￿8n￿ Ind￿ Lxsh in hand. deposrts tr*ld at ¢21 with bank5, ¢ts short.temi liquid investments vth original matuth"e¥ of three month$ or less, aTrJ overdrafts. Bar* overdrafts are sh V•ithin trniry in lthlilies. 1.10 Financial In8trum•nts The thanty has ¢1orted to appty tha Fyovisions of Sec*c￿ 11 'Basic Finanoaal Instrum￿, Sectitin 12 'Oiher Finanoal Inth￿ne￿ IssL*8' of FRS 102 to all ofits financwl inStrun￿ts. Finanoal assets and Iraknlibes a￿ offyrt 7hith ts net w8serrted in the fin8nc¥al statem￿. when there 1$ a legalty errfowt4e right to set off the recognised arT¥)Urts and trwe is an intonllon to setde on a net basis orto realise the asset and selle the liability sirrnltaneow. EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2022 A¢countlng policleB Iconllnuod) Basle financial ass•ts Basic finanaal as8ets. Indude detA￿ and ￿$h and b8nk balartas. *8 rnibaNy measured at transathon price incaudiro tsar￿ath0n o)sts and are subseqL*nty (3rri8d at anxNti8ed wst using the effective interèst method unless tho arrnngement conslitLrttis a financang tr￿¥9¢*On, where the tran￿￿tiOn is m8asured at the we￿t va￿8 of the lubjre rewpts digoxrted at a market rats of interesL Finawal a88ets Ba&c fiThan￿￿ Ihibilibes, indudiny Ixedrtors and bank JoanB are inthlty rec(¥Jnised at transaction pn.ce unle88 th8 arrangèment constitutes a finantsry transacaion. the detrt instrument is rreasured at the pr•$¥nt Valuè of the thire payments dlstwn￿y at a ma*•t rnle of interest Finarwl Ikibrfities classified as payable thin one year are not arnortised. Trade creditors are Obliga￿n$ to pay for gc*)J$ 8e￿￿3 that have been aC4￿red in the ordinary cfjurse of opgrations from supplt•r¥. Ary￿nts payat4e ar• da¥?1￿ as cawrent liatsl￿es rf payment is ¢Jue Mthin one year or kss. If noL thoy afft wesented as fttsr￿rr￿rt ￿abillbes. Tradt ryedrtOW3 are recognised ini11￿ty at transact￿n Price and 8ubsequenty maasurnd at amcrtised cy)st usirg the effe¢*ve interest method. Derpcogniuon of ffnan¢lalliabililles Finanual lial￿41tbe3 are dereo)gnise¢J the (tsity's clj)tr￿ oblgakn expire or are di8d)arged or c*n¢eMed. 1.11 Employfj• b•n Temiination ben•ffts are recognised imn*diatety as an expense the diafity is d8rr￿strabty committed 1.12 R￿1￿￿Trt knneffts Payrr￿ts lo defined ci>ntribuliu) r*J'rement benefft schemas ¥e ¢hawged as an 8xp8nge 08 thoy f¥ll due. Crftl¢al *ccounllng astlm•to• •ThdJudg￿ In tho appllcalion of the thari￿S ac£ounliNJ rrtJlKie5. the trust￿ are wuired to mako jud￿Mènts, èstimates and assumpts"on¥ abJut the ￿rry1r￿3 amount of a33ets aTrJ liakn"klies that arE not readity apparent from other are cy)nsi¢Jered to be relevant. Ac*u* resLAts may drffer from Ihese estimates. asb"mates are recognised in thtr perirA in the estim*e is revised where the revision affects onty that periods. EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2022 Don•tl4)n• ond l•gA¢l•• Total funds 2021 2021 2021 Donatiorts and Lega¢ies receiv8￿0 34.24fj 139.807 12.000 46.246 139,807 116.859 173.556 174.053 12,000 188.053 20 2021 c￿￿8 fee8 14 Vnrobtrlcted Unreslri¢aed funds nds 2022 2021 Rerrtal in¢))me Interè8t r¢¢wv•ble 8.550 29 167 8.579 167 Total Unrestrided nds 2022 2021 N8t gain on disposal of t4ngil8 ￿ed assets 178,587 10- EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2022 Gharltatsle actlvtlle• 2022 2021 Staff costs Cost of sales 17,277 22,035 19. 16,656 39,770 2.360 5,930 2.054 IT and gquipThnt r))8ts Pnnting, statiorffj pc*tage Advertising Equiprn￿t htre Rewrs arKI m8ir)tènarK* Insurance Bank charge5 arKI wrteregt Telephono Heat, light and p(yhw Other I gifts Staff travel Legal and professh)rAI fees Genefal expense$ 1.224 2,356 1,782 29,653 2.391 15 2.813 5,132 1.s26 503 2.1SO 1.000 2.034 374 1,055 20,500 1.325 18,358 626 85.000 141.179 Share Of9)¥8m￿ costs {s88 nob 8) 85.600 141.179 An•tysl• ty fimd Un￿Strided fund$ R￿trI￿d funds 85.600 129,179 12,000 SUpp￿t ¢o•ts 2022 600 600 Charitable adi¥iti8S 800 600 11- EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 28 FEBRUARY 2022 The trustee5 all give fredy their exwtsse *AilI￿1 any fomi of remunefation or other benefft in Cash or kind 12021 - £nill. Expenses paid to the trustees in the year totaled £685121)21 - £nil). The8e expgnsgs ID Employ•o• 2022 Number Number 2022 2021 4.351 105 18,980 297 other pen￿on u)8ts 4.456 17,277 11 othgr Total 2022 2021 816 2,274 3,090 12- EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2022 12 T•nglble Ilx•d ouots Totsl At 1 Mw¢h 2021 176,0 52.530 228,530 At 28 February 2022 176,000 52.S30 228,530 Doprn¢i•tion *nd impairnwnt At 1 Marth 2021 52,530 $2.530 Al 28 February 2022 52,530 52.530 C•ftylng •mount At 28 Febfuary 2022 176.0(M) 176,000 At 28 2021 176.0 176,000 13 Stocks 2022 2021 7,403 9.606 2022 20 Amounts faHlng du• vAthth on• yw. 301 16 R••trl¢t•d fvnd• The income fund$ of thg tharity indude restrided funds CaJ)Wsl￿ the fokning urExpended balances of donatiorA and grsnts hekl on trust for sp8ak wrpoges.. lkn•mont in fundB 8•lMK• at Irrt¢mlng Bal•nceat 20 2022 Prlson work 12.000 (12.lJXI 13-