Charity registratSon number 267322 EMMAUS BIBLE SCHOOL UK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024 EMMAUS BIBLE SCHOOL UK LEGALAND ADMINISTRATIVE INFORMATION Trustees W Downs Mr M Gill Mr N Hartridge Mr J Heron Mr P Jonas Dr C Lancashi MrA Russell Mr S D Scammell Mr T J Mit¢thell {Appoinled 11 March 20241 Charlty number 267322 Principal address 28-30 Lat*hill Lane Liverpool L139BR Independent examlner Mr P J Barton FCCA ART Accountarts Limited Ground FI￿r 11 Manvers street BA1 1JQ Banke Bardays Bank plc 101 Whitby Road Elle5mere Port Cheshire CH65 OAD Sollcltoys Butcher & Badow LLP 3 Royal Mews Gadbrook Park Northwch CW9 7UD EMMAUS BIBLE SCHOOL UK CONTENTS Page Trustees, report Independent examinels report Statement of financtal activiknes Balance Sheet Notes lo the finanrAal statements 7-13 EMMAUS BIBLE SCHOOL UK TRUSTEES, REPORT FOR THE YEAR ENDED 28 FEBRUARY2024 The Iruslees present their annual report and financial statements for the year ended 28 February 2024. The financial statements have been prepared in accordance vAth the 8¢¢ounting policies sel out in not¢ 1 to the financial slalements and comply wlh the charitys Deed of Trust. the Charities Act 2011 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard appli¢able in the UK and Republic ol Ireland {FRS 1021 leffeth.ve l January 20191" ObJect5ve$ and actlvltles To advance the evangelical Chri5t5an faith by establishing and maintaining centres lo teach the Bble, by preparing Christians for Christian seNice at home and abroad, by issuing and conducting correspondence courses in Biblical and related subjects either in t￿k form or wa the intemet, by publishing and dealing in Christian literature by promoting the Christian message and by such other mealls ￿Ing charitable as the Trustees shall determine. To do such other things as shall be inadental or conduove to the attainment of the above object and in particular the following.. To purchase, take on lease, or in exehange, hire or otherwse acquire any real or personal PTopety and any rights or privileges which the Charity think necessary or convenient for the promotion of ils objectives. and to CL)nslrud. maintain and altef any buildings or erections recessary or ￿nveniefit for the work of the Charity. To sell, let, mortgage. dispose of or tum to accounl all or any of the property or assets of the Charity as may be thought expedient a view to the promotion of the obiectves of the Charity. To undertake and ex8cute any trusts %thich may lawtully be undartaken by the Charity and may be ¢ondu¢ive lo 118 objectsves. To borrow or raise money for the purpose of the Ch8nty on suth terms and on suth secuftty as may be thought ril. To invest the monies of the Charity not immediatety required for Ils purposes in or upon such investments Securities or property a5 may be thought fit. but $0 that monies subject or represènting property subject to the jurisdiction of the Charity Commissioners of England and Wdles shall only be invested in such securities and with such sanction lif any) as may for the lime being be prescribed by law. To establish and support or aid in the establishment and support of any charitable association or institution and to subscribe or guarantee money for chantable purposes in any way c￿nneCted wrth the purw)ses of the Charity or alculaled lo further ils objectives. To advanee the evangelical Christian Faith lo both those who belong to the faith and those who do not. Public benerrt The trustees have paid due regard lo guIdar￿e issued by the Charity Commission in decidin9 what activities th8 charity should undertake. EMMAUS BIBLE SCHOOL UK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2024 Achlevernents and perforrnan¢g S￿n￿riCant activities and a¢h￿vementS againsl obRctNes Review of actlvltles The sourcing, designing. produang. printing. publishing and supplying of Bible study materials ¢￿tinUeS lo be the central activity of the Charity. The move to the new offi￿S has been completed su￿$S￿l1Y and there has been a period of setuing into the new accommodation. The new offices are helping lo fulfil the Charities objects, and the additional flats acquired the offices, have been prowding additional ￿ntaI income for the charity. The Prospectus and the website are conts"nually updated and students can view and order courses. with a growing number avai18ble online. We have a team of volunteer tutors who work in the School an(J others, who work from home, whom we can Call on as and when required. The charty is benefiting from addrtional workers supporting the growth of the work, in the developmènt of additional courses, particulady for Children and teens. and in different fomiats, including web and audlo wsual. Our plans lo promote the work of the Charity across the ￿￿ntry continue with a view lo increasing th8 support for the work. We are actively I￿￿n9 into ways of raising the awareness 8mongst UK churches and Christian charities. Communlty Benefft Through the free supply of Bible study material, together with a dedicated personal lulor, the Charity provides students with the means lo access ethical and moral codes for the individual and society. which proiride guidance in lrfe, comfort in limes of sorrow. and personal inspiration to improve self and help others. The Bible study material eals with many of the issues that people of all ages. nationalib"es. ethnic and social backgrounds face on a day-t day basis. Benefits 8re evidenced in the comments made by students and the many l¢tters that we receive from students and colleagues old and new. Many prisoners and their families find purpose and meaning lo their lives and a new resolve lo act in accordance the requ1￿mentS of the law on ￿lease and make reparation and a positive conlribulion lo the society that they recognise they have wronged. Various prisons are visited lo conduct Bible studies and suppty fijrther study materials. Ml study materials used in the prison work a￿ sent without charge lo the user. In addition a number of UK based Christian organisalions and overseas based missionaries continue to benefit from the supply of Bible study material. Assistance has been given in translation work and group studies conducted to benefft the Eastam European community in the UK. Opportunities are being Sought to provide material for children into schools in the UK and so increasing charity benefits to a new age group. Flnanclal revlew Full detsils of the financial transactions are contained in the attached accounts. Totsl incoming resources for the year amounted lo £49,098. Resources expended amounted lo £99.669 giving a defiut of £50.571 for the year. The nel assets of the ¢harity at 26 Febnjary 2024 were £485,989. ReseNes policy The Trustees have reviewed the Chari￿$ needs for reserves in line wlh guidance issued by the Charity Commission and have concluded that Ihere is no nee(J for reserves as we do not have any employees. Maiorrisks The Trustees have introduced assessment procedures to identify the mapr risks to which the charity is exposed. ith particular relation to the ffinances of the Trust. EMMAUS BIBLE SCHOOL UK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2024 Plans for futur? ￿rIodS We plan lo expand the work in prisons by appoints.ng a charity representative who can promote the use of our Bible study courses wrth Prison Chaplins and to seek cerbfic2tion of the courses so that they would qualify as part of a prisoner's educational requirement. We plan lo partner with another charity. who provide support for prisoners who have engaged with our courses in prison, lo further support them practically on release by assisting wth rehabilitation. accommodation and training in Bible studies and life skills. Wf(hin the general population we want to increase the range of our courses and develop material that wll complement our courses that can be used by those who are socially isolated and unable or unwilling lo attend Mainst￿aM Christian services. We plan to raise awarene55 of the charity benefits to a wder Christian audience in the UK by attending Christian exhibitions and Christian ￿nferenceS. We plan 10 seek new trustees to strengthen the board. We are exploring ways of providing Bible teaching, based on oui materials, at our offices. Structure. governance and management The charity is estsblished undeT a Deed of Trust. The trustees who served during the year and up to the date of signalure of the finan(ial ststements were.. W Downs Mr M Gill Mr N Hartridge Mr J Heion Mr P Jonas Dr C Lancashire MrA Russell Mr S D Scammell Mr T J Mitchell (Appointed 11 March 20241 Recrnilmgnl and apwintment ofimstees Ooanisational stnjclu The day to day activities of the chanty are managed by the Trustees and its scthool director. The Trustees meet quarterly each year wth additional meetings as reqijired. Th report was approved by the Board of Trustees. W Downs Trustee Date.. li EMMAUS BIBLE SCHOOL UK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EMMAUS BIBLE SCHOOL UK I feport lo the trustees on my examination of the financial statements of Emmaus Bible School UK {the tharityl for the year ended 28 February 2024. Responslbllltlgs and basls of report As the tnjslees of the Charty you are responsible for the preparation of the )Inancial slalements in accordance with the requirements of the Chanties Act 2011 (the 2011 Acti. I report in respect of my examination of the tharity's financial statements carried OLrt under sedion 145 of the 2011 Act. In carrying out my examination I have followed all the aprAicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlnefs statement Your attention is drawn to the fact that the charity has prepared finanoal statements in accordar￿ wth Accounting and Reporting by Charib'es preparing their accounts in accordan￿ wrth the Financial Repc*bng Standard applicable in the UK and Republic of Ireland IFRS 1021 in prefeience to the Accounting and Reporting by Charities." Slalemenl of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been wlhdiawn. understand that this has been done in order for finanoal statements to provide a true and fair view in accordance with Generalty Accepted Accounting Pra¢b"ce effective for reporting periods beginning on or after 1 January 2015. I hove completed my examination. I confim) that no matters have come to my attention in connoctiw with the examin81ion giving me cause to believe that in any material respect- accounting records were not kept in ￿SpeCt of the charity as required by section 130 of lh8 2011 Act- or the financial statements do not accord with those records." or the finanaal slalements do not comply wth the applicable requirements ￿n¢eMing the form and content of accounts set OLrt in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Inje and fair view which is not a matter considered as part of an independent examination. I have no ¢on¢ems and have come across no other matters in wnne¢tion wth the examination lo which attention should be drawn in this report in ordèr to enable a proper understandin9 of the finanual slatements to be reached. PLfÉ¢L frcc ART Aceountanls Limited Ground Floor 11 Manvers Street Bath BA11JQ Dated.. EMMAUS BIBLE SCHOOL UK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUAR Y 2024 Unrestrleted Unre$trl¢ted funds funds 2024 2023 Notes Income from.. Donations and legacies Investments 39.575 9,523 38,939 6,921 Totsl Income 49,098 45,860 Expendlture on: Charitable activities Other expenditure 97,916 1,753 105,112 5.920 Totsl •xpondlturg 99,669 111.032 Net expendlture and movement In funds {50,571} 165,1721 Reconciliation of funds: Fund balances at 1 March 2023 536,560 601,732 Fund balanc•s at 28 Fèbruary 2024 485,989 536,560 The statement of financial aettvrties indudes all gains and losses recognised in the year. Al in¢ome and expenditure derive from continuing activrties. EMMAUS BIBLE SCHOOL UK BALANCE SHEET AS AT 28 FEBRUARY2024 2024 2023 Notes Fixed assets Tangible assets 11 176.000 176,000 Curr9nt assets Stocks Debtors falling due after one year Cash at bank and in hand 12 13 7,915 200.000 102.074 7,760 200.000 152.800 309,989 360,560 Net current assets 309,989 360,560 Totsl assets le$$ current liablllU•s 485,989 536,560 The funds of the charlty Unrestricted ftinds 14 485,989 536,560 485.989 536.560 The fin cial statements were approved by the trustees on ... W Oowns Trustee Mr Jonas Trusteo EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024 Accounting poll¢le8 Charlty Infomiation Emmaus Bible School UK is an unincorporated trf)dy whose goveming document is a Trust Deed.. 1.1 Accountlng convention The financial stslemenls have been prepared in aecordan¢e the eharity's goveming d0￿Ment, the Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" fFRS 102.1 and the Charitses SORP "Accounting and Reporting by Charities.. Slalemènl of Recommended practi￿ applicable lo charrties preparing their accounts in accordance wlh the Financial Reporting Standard appli(3ble in the UK and RepubliG of Ireland (FRS 102). leffethve 1 January 20191. The charity is a Public Benefft Entity as ¢Jefined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not lo prepare a Stslanent of Cash Flows. The financial stslements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to Provide a true and fair view. This departure has involved followng the Statement of Recommended Practice for Charities 8pplying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been wrthdrawn. Th9 financial statements are prepared in sterfing. which is the fvnthonal (yjrrency of the Charity. Monetary amounts in these financial slalemenls are rounded to the nearest £. 1.2 Golng concern At the time of approving the financial statements. the trustees have a reasonable expectslion that the charity has adequate resources to continue in operational exislen¢e for the foreseeable future. Thus the IrLStees continue lo adopt the going con¢em bass of accounting in preparing the ffinanual statements. 1.3 Charltable funds Unreslricled fvnds are available for use al the diwtion of the trustees in fiJrtheran¢e of their Charitable objectives. Restricted funds are subject lo specifi¢ condTbons by donors or grantors as to how they may be used. The purposes and uses of Ihe restn.cted lunds are set out in the notes to the financial statements. Endowment funds are subject to speufic widrtions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entiyed lo it after any performance condthons have been mel, the amounts can be measured reliably. arKI it is probable that income wll be received. Cash donations are recognised on receipt. other donalions are recognised once the tharity has been notified of the donation, unless performance conditions require deferr81 of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised al the time of the donation. Legacies are reeognised on receipt or otherwise rf the charrty has been notified of an impending dislribulion. the amount is knosyn. and receipt is expected. If the amount is not known, the legacy is Irealed as a contingent asset. EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2024 Accountlng pollcles Icontlnuedl 1.6 Expendlture Liabilities are recognised as soon as there is a legal or constru¢bve oblation o)mmittsng the charity to pay out resources. 1.6 Tangiblg fixed assets Tangible fixed assets are In￿allY measured al eosl and subsequently measured at cost or valuation, nal of depreciatson and any impairment losses. Depreciation is Tecognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Freehold land and buildings Fixtures and fittings Not depreualed 25% redwng balance The gain or loss arising on the disposal of an asset is determined as the difference betsveen the sala proceeds and the carrying value of the asset. and is recognised in the statement of financial ath"vities. 1.7 Impaimient of fixed assets At eaeh reporting end date, the charity reviews the Carrying amounts of Its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such Ind￿allon exists, the reCA￿erable amounl of the asset is estimated in order to detemine the extent of the impairynenl loss lif any). 1.8 Stocks Stocks are ststed at the lower of ￿st and esb"mated selling price less costs to cOM￿ete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the $tod(s to their p￿sent location and condrtion. Items held for distribution al no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estsmated costs of completion and costs lo be inCUr￿d in marketing, selling and distribution_ 1.9 Cash and cash •qulvalents Cash and cash equivalent5 indude ￿$h in hand, deposits held at call ￿th banks, other short-temi liquid investments with original maturities of three months or less. and bank ¢)verdrafts. Bank overdrafts are shown within borrowngs in current liabilities. 1.10 Flnancial instruments The charity has ele¢ted to appty the provisions of Section 11 'Basi¢ Finanoal Inslrumenls. and Section 12 'Other Finanaal Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the ¢harity'$ balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention lo settle on a nel basis or to realise the asset and settle the liabilty simultaneously. EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2024 A¢¢ountlng pollcle5 Icontlnuedl Baslc finan¢lo1 assets Basic financial assets. which include debtors and cash and bank balan￿$, are initially measured at transaction price including transaction costs and are subsequently Carried al amortised cost using the effective interest method unless the arrangernent constrtutes a finan￿ng transaction, where the transaction is measured al the present value of the lulure receipts discounted at a market rale of interest. Finanoal assets classified as r￿1Vable ￿￿thIn one year are not amorkn"sed. Basic financial liabllltles Basic finanryal liabilities, induding cxeditors 8nd bank loans are initially recognised al transaction price unless the arrangement constitute5 a finanung transaction, where the debt instrument is measured at the present value of the ￿tUre paymen15 discounted at a market rale of interest. FinanrAal liabilities das&fied a5 payable thin one year are not amortise(t. Debt inslrumenls are subsequently earried al amortised eost. using the effective interest rale meth¢XI. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordin¥y course of operations from suppliers. Amounts payable are dassified as current liabiltties if payment is due wrthin one year or less. If not, they are presented as non-current liabilrtie5. Trade creditors are recognised initially at lransacb.on prbce and subsequentjy measured al amortised cost using the effective interest method. Derecognltlon of financial liabllftles Financial liabilities ale derecognised when the charivs contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unusetl holiday entitlement is recognised in the period in whi¢h the employee's services a received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably ¢ommrttgd to temiinale the employment of an employee or lo provide leminalion beneffts. Crltlcal accounting e$llmates and judgements In the application of the Charity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical exporience and other faciors that are considered to be relevant_ Actual results may drffer from these eslimales. The estimate5 and undedying assumptions are reviewed on an ongoing basis. Revisions lo accounting estsmales are recognised in the period in which the estimate is revised where the revision affects cnly that period, or in the period of the revision and f￿Ure penods where the revision affeGts both current and future periods. Incomè from donations and I￿acleS Unrestrlcted Unrestricted funds funds 2024 2023 Donations and gffts 39,575 38,939 EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2024 Income from Investments Unrestrlcted Unrestrlctsd funds funds 2024 2023 Rentsl income Intere31 receivable 9,523 6,775 146 9.523 6,921 Expenditure on charflable a¢tlvlties Charltable actlvltle5 2024 Charftable actlvltles 2023 Dlrect costs Cost of sales Labour costs IT and equipment costs Printing, stationery and postage Advertising Repairs and maintenance Insurance Telephone Heat. light and power Other I gifts Staff travel Legal and professional fees General expenses 15,929 61,256 1.818 6.324 3,636 1.881 1,424 15,168 63,682 1.704 6,041 3,946 2,320 1,352 442 1.701 3,988 3,019 900 249 1.456 725 2,326 6S 97.286 104,512 Share of support and gov•rnance costs (see note 6) Governance 630 600 97.916 105,112 Analysis by fund Unrestricted funds 97,916 105,112 10- EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2024 Support costs allocated to activities 2024 2023 Govemance costs 630 600 Anatysed between: Charitable activities 830 600 Trustges The trustees all give freely their lime and expeth.se wrthout any fomi of remuneration or other benefit in eash or kind12023 - £nil). Expenses paid to thè trustees in the year lotalled £nil12023 - £441. These expenses were for 1 Iruslees and were for the reimbursement of travel expenses. Employees The average monthly number of employees during the year was= 2024 Number 2023 Number Total There were no employees whose annual remuneration was more than £60.000. Other Unrestrlcted Unrestrfcted funds funds 2024 2023 Rentsl servi￿ tharges Rental maintenance expenses 1,568 185 864 5.056 1,753 5,920 10 Taxatlon The charity is exempt from taxation ils activibes be￿￿se all its income is applied for tharitable purposes. 11 EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2024 11 Tangib18 fixed assets Freghold land Flxture5 and and buildlngs fitUng5 Total Cost At 1 March 2023 176.000 52,530 228,530 Al 28 February 2024 176,000 52,530 228,530 O&prg¢latlon and Impalmient At 1 Mareh 2023 52.530 52.530 At 28 February 2024 52,530 52.530 Carrylng amount At 28 February 2024 176.000 176,000 At 28 February 2023 176.000 176.000 12 Stocks 2024 2023 R8w materials and consumables 7,915 7,760 13 0ebtOfS 2024 2023 2024 2023 Amounts falllng due aftor more than one year: Other debtors 200.000 200,000 14 Unrestricted funds The unrestricted ftjnds of the charity comprise the unexpended balan￿S of donations and grant5 which are not subject lo specific conditions by donors and granlors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the tnjslees for speafic purposes. At 1 March 2023 Incomlng resoU￿e$ Resources At28 expended February 2024 General lund3 536.560 49.098 (99.669) 485.989 12- EMMAUS BIBLE SCHOOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2024 14 Unrestricted funds Icontlnuedl Prevlous year. At 1 March 2022 Incomlng resources Resources At28 expended February 2023 General fund5 601.732 45,860 {111.032} 536,560 16 Related party transactlons There were no disdosable related paty 1ransath.ons during the year {2023- none). 13-