EMMANUEL INTERNATIONAL LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2021
CHARITY REGISTRATION No: 289036
COMPANY REGISTRATION No: 01795695
Independent Examiners Ltd Unit 2 Broadbridge Business Centre Delling Lane Bosham PO18 8NF
| EMMANUEL INTERNATIONAL LIMITED | |
|---|---|
| (A COMPANY LIMITED BY GUARANTEE) | |
| CONTENTS | |
| Page 2 | Legal and Administrative Information |
| Pages 3 to 5 | Report of the Directors |
| Page 6 | Statement of Financial Activities |
| Page 7 | Balance Sheet |
| Pages 8 to 16 | Notes to the Financial Statements |
| Page 17 | Independent Examiners Report to the Trustees/Directors |
1
EMMANUEL INTERNATIONAL LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 30 SEPTEMBER 2021
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NAME
Emmanuel International Limited
CHARITY NUMBER
COMPANY REGISTRATION NUMBER
289036 01795695
START OF FINANCIAL YEAR
1st October 2020
END OF FINANCIAL YEAR
30th September 2021
TRUSTEES THAT SERVED DURING THE YEAR TO 30 SEPTEMBER 2021 (ALSO DIRECTORS UNDER COMPANY LAW)
Lucy Harding Revd Bernard Lane Alan Parrett John Raby Clive Tydeman (Chairman) Revd David Varcoe (resigned 28th September 2021)
COMPANY SECRETARY
Sue Fallon
REGISTERED ADDRESS
Forum House Stirling Road Chichester West Sussex PO19 7DN
GOVERNING DOCUMENT
Memorandum and Articles of Association incorporated 28th February 1984
BANKERS
National Westminster Bank Plc CAF Bank Chichester Branch 25 Kings Hill Avenue 5 East Street Kings Hill Chichester West Malling West Sussex Kent PO19 1HH ME19 4JQ
INDEPENDENT EXAMINER
Independent Examiners Ltd Unit 2 Broadbridge Business Centre Delling Lane Bosham PO18 8NF
2
EMMANUEL INTERNATIONAL LIMITED
(A COMPANY LIMITED BY GUARANTEE)
Governing Document
Emmanuel International UK (EIUK) was incorporated as a Company limited by Guarantee in February 1984 and registered as a charity with the Charities Commission (Number 289036). 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 £5.
Organisational Structure
Emmanuel International UK operates from leased offices at Forum House, Stirling Road, Chichester. It has legal independence, and is part of a network of Affiliates with offices in Canada, the USA, Brazil, Malawi, the Philippines and Uganda. EI is also working in Haiti, South Africa, and Tanzania. Current information can be found on our website: www.eiuk.org.uk
Management
The General Manager, Sue Fallon, and Personal Assistant, Linda Fitzmaurice, are based at the Chichester office and have responsibility for operational management. Due to covid restrictions we worked from home for a large part of the year. Andy Sharpe works on a consultancy basis assisting with fundraising and comes into the office when needed. The Trustees meet as required to set policy, and review the work and financial situation. Between such meetings, monthly updates are sent to all the Trustees, and an Executive comprising of the Chair and any trustee who is able to do so, meets with the General Manager to ensure proper governance. The Executive has limited delegated powers, and any significant matter requiring urgent consideration is referred to other Trustees.
EIUK works alongside our partner EI charities across the world to bring practical and spiritual help in the project countries. The mechanism for this working together continues in a process of change and development with an Executive and Council being established to coordinate best practice. The EIUK General Manager represents the EIUK interests on both this Executive and Council, and helps pave the way for closer coordination across the EI international family.
Projects
During the period covered by this report, EIUK have supported the following projects: Brazil: Aguas Formosas Day Centre, Bible Student. COVID Relief
Haiti: Earth Quake Relief.
Malawi: EBCM church & youth projects, Bible Commentary and Furnish classroom Philippines: Bibles.
South Africa: Safe Houses.
Tanzania: Water Projects in Isimani and Ibumu, Communities Integrated renewal Project, Agriculture Conservation, Bee projects, the IMARIKA project, Rural Island Community Health and Sanitation projects, Girls Strength and Dignity project, Latrines and National Staff.
Uganda: Girls Pads project.
Some of our projects were again impacted by COVID restrictions and new ways were worked on to maintain or change them appropriately.
We received funding from Operation Agri and Southall Trust for the Imarika project, the States of Guernsey for the Ibumu Water project, Sherbourne St John for the Communities Integrated renewal Project and the Grace Trust for the Sanitation project all in Tanzania. We are very thankful also for the many individuals and Churches who have supported personnel and projects throughout the year
PERSONNEL
Personnel
EIUK continues to provide a means of enabling people of all ages, skills and levels of education to serve alongside Christian Churches in the Developing World. The family from the UK serving overseas during the current fiscal year were based in Tanzania:
Victoria and Simon Ewing started working in Mwanza in May 2017. They continue to build the capacity of the local team running various community development projects. Their two children attend the International school. The family visited the UK in July 2021 for a short furlough.
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EMMANUEL INTERNATIONAL LIMITED
(A COMPANY LIMITED BY GUARANTEE)
Tim and Rachel Monger went to Iringa, Tanzania in September 2010. They moved to Mwanza, Northern Tanzania in January 2014. They became the EI Country Representatives in Tanzania in February 2018. After almost 10 years in Tanzania the family returned to the UK in July 2020. They spent time transitioning back to life in UK and settling the girls into school. They completed their time with EI at the end of December 2020. The work they did in Tanzania was very much appreciated.
David Varcoe has been a member of the board since 2000 and has served on the board and was Chairman prior to Clive Tydeman. David served with EI in Uganda and has been a valued member of the board. The board would formally like to thank David for his service and also for his many contributions to the wider EI family. We appreciate the effort that he made to the EI UK organization and for his commitment for so many years.
EIUK continues to provide a means of enabling people of all ages, skills and levels of education to serve alongside Christian Churches in the Developing World. We recognise the personal sacrifice made by those who work overseas, often in difficult circumstances, and wish to record our gratitude to them and those who support our work in any way.
Activities
Our UK conference and summer social gathering were again cancelled due to COVID restrictions. We are thankful for technology that enabled us to hold our AGM. Whilst the trustees' preference is to carry out activities in person, due regard will be given to prevailing Covid regulations and guidance and Zoom meetings will be held if necessary. Andy Sharpe and Chris Parrott travelled to Tanzania in August to assist with the Ibumu water project and activities in the Iringa office.
Future Developments
We will continue to build on the principles that govern our work; strengthening our relationships with new and existing partners, helping them meet the needs of their communities. We will continue to work primarily through the Christian Church, seconding volunteers with the necessary skills to work with them, raising funds for their personal and project support, and looking for ways to better inform those who are in sympathy with what we do.
Recruitment and appointment of new trustees
The Directors of the Company are also Charity Trustees for the purposes of charity law, and in accordance with the wish of the members, are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.
The Trustees can number up to 12 persons and currently comprise mainly of personnel who have had first-hand experience of working in the Developing World. They also bring professional skills in areas such as pastoral care, medicine, human resources, commerce and administration. Potential new Directors should be in sympathy with the aims of the charity and are elected by the members at the Annual General Meeting.
Induction and training of new trustees
Orientation is provided to ensure familiarity with the responsibilities of a director.
Public Benefit
Emmanuel International provides a means by which voluntary workers in sympathy with EI’s objectives can work alongside Christian church partners in the developing world to bring practical and spiritual help to their communities, and to raise funds for their needs.
The public benefit, therefore, through sustainable development work such as the installation of water harvesting tanks and clean water schemes, fuel-efficient stoves, agricultural expertise, education and building schools and clinics. The help we give is indiscriminate, and available to all in need through our partnership with the local Christian Churches and communities.
Risk management
The trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have reviewed the risks to which EI might be exposed. The trustees believe they have identified those which could have the potential to bring the Charity's activities to a standstill and have sought to ensure that the necessary safeguards are in place to mitigate those risks.
Data Protection
The data protection legislation enacted in 2018 is relevant to EI and a detailed digital policy has been developed and applied. EIUK is compliant with the current GDPR policy.
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EMMANUEL INTERNATZONAL LIMITED (A COMPANY LIMTTED BY GUARANTEE} FlnaThcial Revlew Income amounted to £182.075 {2020.' £207,446), of which £124,592 12020.. £134,664) lated to project5. Expenditure afllounted to £188,811 {2020.. £187,650), of which £129,577 {2020'. £124,138) lated to pn)jerts. As a result. total reserves dett$ed by É6,736 12020.. increased £19,7961. unresttted generdl funds daSed by £1.751, maSnly due to a decrease Sn donations and the associated glft aid tax reclaimable. Due to the release of funds no longer restritted, there was an decrease Sn restrtcted funds of E102.181. The trustees are satlsfled that the Charity's assets are available and adequate to fulfll the obligations of the Charlty. Reserves are held at a level sufficlent to meet the runnlng costs of the Charfty for twelve months. Currently the chèrfty's reserves are in excess of twelve months. runnSng costs. The trustees are artlvely considering ways to use thelr unrestrlcted funds to support projects. Unresthtted funds stand at £21,396 also there is an unrestrirted reserve held of E70,000. Deslgnated fund5 Stand at £146,059. Fun¢Js for projetts stand at £155,004 and are considered by the trustees to be sufflclent to meet project Trustees K¢$ponslbllltlès The Charitie5 Act and the Companles Art requ the Board of Trustee5 to prepare financlal ststements for each financlal year which give a true and fair view of the state of affalrs of the charlty as at the end of the flnancial year and of the surplus or deficlt of the charity- In preparing those Mnanclal ststements the Board is requlred to.. Select sultable accountlng pollcles and thén apply them conslstently; make judgements and estlmate5 that are reasonable and prudent; and prepa the financial statements on the going conrn basis unle55 It is inapproprtate to presume that the charlty will continue In operatlon state whether appllcable accounung standards and statements ol recommended practice have been followed, subject to any material departures dlsclosed and explatned In the financial statements. The Trustees are reSpsIble for maintalnlng adequate accounljng records whlch dlsclose wlth reasonable accuracy at any time the financlal posltion of the charity and which are sufficient to show and explain the charity's transacOnS and enable them to ensu that the financlal statements comply wlth the CompaDles Act 2006 and comply with regulation5 made under the Charities Act. They are also resnsIble for safeguarding the assets of the charfty and hence for taking reasonable 5tep5 for the prevenfjon and detectlon of fraud and other irregularttles. The Trustees are a150 responslble for the contents of the Trustees. report, and the responsSbllty of the independent examlner in relatlon to the Trustees. report Is limited to examlning the report and ensuring that, on the face of the retjort. there are no Inconsistencies wlth the figures disclosed In the financial statements. These accounts have been prepared In accordance wlth the provisions applicable to companies subject to the small companies. reglme. This Report was approved by the Trustees on .. and slgned on thelr behalf.. C Tydeman {Chalrman} Trustee/Dlrector and Chaim)an
EMMANUEL INTERNATIONAL LIMITED
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Unrestricted | Designated | Restricted | TOTAL | TOTAL | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | ||
| Income | ||||||
| Donations and legacies | 2a | 48,170 | - | 124,063 | 172,233 | 196,274 |
| Investment Income | 2b | 24 | - | - | 24 | 375 |
| Income from charitable activities | 2c | 9,289 | - | 529 | 9,818 | 10,797 |
| Total income | 57,483 | - | 124,592 | 182,075 | 207,446 | |
| Expenditure | ||||||
| Costs of raising funds | 3a | 12,514 | - | - | 12,514 | 13,176 |
| Expenditure on charitable activities | 3b | 46,720 | - | 129,577 | 176,297 | 174,474 |
| Total Expenditure | 59,234 | - | 129,577 | 188,811 | 187,650 | |
| Net income/expenditure | (1,751) | - | (4,985) | (6,736) | 19,796 | |
| Transfers between funds | 11,12 | - | 97,196 | (97,196) | - | - |
| Net movement in funds | (1,751) | 97,196 | (102,181) | (6,736) | 19,796 | |
| Reconciliation of funds: | ||||||
| Total Funds Brought Forward | 93,147 | 48,863 | 257,185 | 399,195 | 379,399 | |
| Total Funds Carried Forward | 91,396 | 146,059 | 155,004 | 392,459 | 399,195 |
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 16 form part of these financial statements.
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eMMANUEL INTERNATIONAL UMITED {A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 30 SEPTEMBER 2021 Unrestrlcted Designated Funds Fund5 Restrlcted 30-Sep-21 30-Sep20 Funds Total Total Fixed As5ets'. Tangible assets Cuent A55ets: Debtors Cash at bank and in hand Total Current Assets 11,707 81.909 93,616 11,707 382,972 394,679 9,813 393,642 403,455 146.059 146,059 155,004 155,004 Creditors: amounts falllng due withln one year (2,220) {2,220) {4,260) NET CURRENT ASss 91,396 146,059 155,004 392,459 399,195 TOTAL ASSETS less current Ilabllltle5 91,396 146,059 155,004 392,459 399,195 Creditors= amounts falling due In more than one year io NET ASSErs 91,396 146,059 155,004 392,459 399,195 Funds of the Chari General Funds General Funds - Reserve Deslgnated Funt1s Resthcted Fund5 21.396 70,000 21,396 70,000 146,059 I55,004 93,147 146.059 48,863 257,185 12 155,004 Totèl Funds 91,396 146,059 155.004 392,459 399,195 The d1CtorS a satisfied that for the year ended on 30 September 2021 the chatable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Att 2006 and that no member or members have requlred the company to obtain an audit of Its accounts for the year in questSon In accordance with sethon 476 of the Act. However. in accordan with settion 145 of the Charities Act 2011, the accounts have been examined by an Independent Examlner whose report appears on page 17. The dlrectors acknowledge thw"r pOnsIbIlIty for complylng wlth the UIrements of the Companies Act 2006 wlth respert to attwnting records an(J the preparation of accounts. The acwunts have been prepad In accordan with the provlslons In Part 15 of the Companies Act 2006 applicable to companies subject to the small companie5 reglme and in accordance wlth the Financial Fieportlng Standard applicable In the UK and Republlc of Ireland IFRS102) (effective l January 20191- (Charibes SORP (FR5102}1. Approved by the Directors on the '. .and slgned on their behalf by: C Tydeman Ichaimian) J Raby (Trustee)
EMMANUEL INTERNATIONAL LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
1. Accounting policies
a) Basis of preparation
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)).
Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.
Emmanuel International Limited meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
The charity has opted to prepare its accounts using natural categories.
Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period
Material prior period errors and changes to previous accounts
No material prior period errors have been identified in this accounting period and there have been no changes to previous accounts.
Preparation of accounts on a going concern basis
Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
b) Income
Income is included in the Statement of Financial Activities (SOFA) when:
-
the charity becomes entitled to the income;
-
it is more likely than not that the trustees will receive the resources; and
-
the monetary value can be measured with sufficient reliability.
c) Interest receivable
Interest on funds held on deposit is included when receipt is probable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
d) Grants and Donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
e) Tax Reclaims on Donations and Gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is allocated to general funds at the discretion of the Board of Trustees.
f) Government Grants
The charity has not received government grants in the reporting period.
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EMMANUEL INTERNATIONAL LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
g) Fund accounting
Unrestricted funds are available to spend on activities that further any purposes of the charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
h) Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
i) Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
j) Tangible fixed assets
The charity does not currently hold any fixed assets.
k) Operating leases
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
l) Taxation
The charity is exempt from tax on its charitable activities.
m) Legal status of the charity
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £5 per member of the charity.
n) Pension costs and other post retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the scheme are charged to the Statement of Financial Activities in the period to which they relate.
o) Redundancy payments
The charity made no redundancy payments during the period.
p) Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
q) Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
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EMMANUEL INTERNATIONAL LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 2. INCOME | Unrestricted | Designated | Restricted | TOTAL | TOTAL | |
|---|---|---|---|---|---|---|
| Note | Funds | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | ||
| a) Donations and legacies | ||||||
| Gifts & donations | 36,167 | - | 124,063 | 160,230 | 176,634 | |
| Gift Aid tax recoverable | 12,003 | - | - | 12,003 | 17,613 | |
| Summer Team income | - | - | - | - | 2,027 | |
| 48,170 | - | 124,063 | 172,233 | 196,274 | ||
| b) Investment income | ||||||
| Bank Interest | 24 | - | - | 24 | 375 | |
| 24 | - | - | 24 | 375 | ||
| c) Income from charitable activities | ||||||
| Membership Fees | 822 | - | - | 822 | 657 | |
| Fundraising | 295 | - | - | 295 | - | |
| Christmas Catalogue | - | - | 529 | 529 | - | |
| UK admin levy for projects | 5,989 | - | - | 5,989 | 6,555 | |
| UK admin levy for personnel | 2,183 | - | - | 2,183 | 3,585 | |
| 9,289 | - | 529 | 9,818 | 10,797 |
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EMMANUEL INTERNATIONAL LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 3. EXPENDITURE Unrestricted Designated Restricted Funds Funds Funds £ £ £ a) Costs of raising funds Staff costs 10,764 - - Publicity 1,471 - - Promotion 279 - - 12,514 - - b) Expenditure on charitable activities Direct costs Grant Support funding of costs activities (note 18) (note 6) (note 4) £ £ £ Support for field workers and international office 44,165 129,577 2,555 44,165 129,577 2,555 4. SUPPORT COSTS Management Governance costs costs (note 18) (note 5) £ £ 335 2,220 5. GOVERNANCE COSTS Net expenditure is stated after charging: Accountancy Fees Independent Examiner's Fee 6. ANALYSIS OF GRANTS PAID Projects Personnel Summer Team Sharpe (Consultancy) |
TOTAL TOTAL 2021 2020 £ £ 10,764 10,764 1,471 1,545 279 867 12,514 13,176 Total Total 2021 2020 £ £ 176,297 174,474 176,297 174,474 Total Total 2021 2020 £ £ 2,555 2,330 Total Total 2021 2020 £ £ 210 - 2,010 1,980 2,220 1,980 Total Total 2021 2020 £ £ 74,878 59,498 52,029 58,112 - 2,068 2,670 6,527 129,577 126,205 |
|---|---|
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EMMANUEL INTERNATIONAL LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2021
7. TANGIBLE FIXED ASSETS
The charity did hold any fixed assets during this or the previous financial year.
8. DEBTORS AND PREPAYMENTS
| Accrued Income and Prepayments HMRC Gift Aid Tax Recoverable |
Unrestricted Restricted Total Total Fund Fund 30-Sep-21 30-Sep-20 £ £ £ £ 326 - 326 3,212 11,381 - 11,381 6,601 11,707 - 11,707 9,813 |
|---|---|
9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fees 2019 Independent Examiners Fees 2020 Independent Examiners Fees 2021 |
Unrestricted Restricted Total Total Fund Fund 30-Sep-21 30-Sep-20 £ £ £ £ - - - 2,280 - - - 1,980 2,220 - 2,220 - 2,220 - 2,220 4,260 |
|---|---|
10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The charity did not have any creditors or accruals falling due in more than one year at the end of this or the previous financial year.
11. DESIGNATED FUNDS
| Returned Workers Fund Summer Team Bursary |
Balance Transfers Balance 01-Oct-20 Income Expenditure btw funds 30-Sep-21 £ £ £ £ £ 44,827 - - 97,196 142,023 3,964 - - - 3,964 72 - - - 72 48,863 - - 97,196 146,059 CURRENT YEAR |
|---|---|
11.a) PREVIOUS YEAR - MOVEMENT ON DESIGNATED FUNDS
| Returned Workers Fund Summer Team Bursary |
Balance Transfers Balance 01-Oct-19 Income Expenditure btw funds 30-Sep-20 £ £ £ £ £ 48,981 - - (4,154) 44,827 4,005 2,027 (2,068) - 3,964 72 - - - 72 53,058 2,027 (2,068) (4,154) 48,863 PREVIOUS YEAR |
|---|---|
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EMMANUEL INTERNATIONAL LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2021
11. DESIGNATED FUNDS (continued)
Purpose of designated funds:
Returned Workers Fund - these funds relate to workers who have returned from the field and have balances of donated funds remaining. The fund are treated as designated to be spent on charitable activities at the discretion of the Board.
Summer Team - these funds relate to Church groups or individuals who go on overseas visits during the year to provide assistance on short-term projects.
Bursary - this fund is to help people attend the annual conference, if needed.
12. RESTRICTED FUNDS
| Field Workers Projects Christmas Catalogue |
Balance Opening bal 2021 2021 Transfers Balance 01-Oct-20 adjustment Income Expenditure btw funds 30-Sep-21 £ £ £ £ £ £ 123,890 - 31,705 (54,699) (97,196) 3,700 133,295 - 92,358 (74,878) - 150,775 - - 529 - - 529 257,185 - 124,592 (129,577) (97,196) 155,004 CURRENT YEAR |
|---|---|
12.a) PREVIOUS YEAR - MOVEMENT ON RESTRICTED FUNDS
| Field Workers Projects |
Balance Opening bal 2020 2020 Transfers Balance 01-Oct-19 adjustment Income Expenditure btw funds 30-Sep-20 £ £ £ £ £ 134691 (2,979) 56,817 (64,639) - 123,890 108042 2,751 77,846 (59,498) 4,154 133,295 242,733 (228) 134,663 (124,137) 4,154 257,185 PREVIOUS YEAR |
|---|---|
Purpose of restricted funds:
All funds given for specific Field Workers and Projects are treated as being restricted and are applied solely for this purpose.
Transfers between funds:
2021 transfers
£97,196 has been transferred from Field Workers (restricted) to Returned Workers (designated). It has been agreed with the donors that the fund restriction may be released to the Returned Workers Fund for projects.
2020 transfers
£4,154 has been transferred from Returned Workers Fund (designated) to Projects (restricted).
13
EMMANUEL INTERNATIONAL LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2021
13. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL
| Gross Wages and Salaries Employer's National Insurance Costs Employment Allowance Claimed Employer's Pension Costs |
2021 2020 £ £ 41,445 41,445 3,295 3,317 (3,295) (2,979) 3,005 3,005 44,450 44,788 |
|---|---|
The charity had 2 employees at the start of the year, and 2 employees at the end of the year. Staff numbers by head count that were employed in the following areas of the charity were:
| 2021 | 2020 | |
|---|---|---|
| Activities in furtherance of organisation's objectives | 2.0 | 2.0 |
No employees received emoluments in excess of £60,000 (2020: nil) The above staff are paid through the PAYE system.
The key management personnel of the charity is considered to be the Board of Trustees. No Trustees received any remuneration, therefore employee benefits (including remuneration, employer national insurance and employer pension contributions) relating to key management personnel were £nil.
The charity offers a workplace pension scheme and enrolled all eligible employees. Employer contributions have been budgeted for and were paid on behalf of two employees during 2020 in accordance with legislation.This amounted to £3,005 in 2021 (2020: £3,005).
14. TRUSTEES AND OTHER RELATED PARTIES
2021 2020 Trustees Transactions: None £ - £ -
No payments were made to Trustees or any persons connected with them during this financial period other than the reimbursement of sundry direct expenses incurred and reimbursement of expenditure incurred on behalf of the charity. No material transaction took place between the organisation and a Trustee or any person connected with them.
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EMMANUEL INTERNATIONAL LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2021
15. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
16. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. The general reserves policy is found in the Trustees Annual Report on page 6 to these financial statements.
17. PUBLIC BENEFIT
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
15
EMMANUEL INTERNATIONAL LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2021
18. DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021
| INCOME AND ENDOWMENTS Donations and Legacies Donations and gift aid giving Personnel Projects Tax reclaimed Christmas Catalogue Wages Publicity Promotion Wages Pensions Rent Insurance Telephone Sundries International Travel Repairs and equipment Hospitality Personnel care and Training Administration Bank charges Consultancy fees (Sharpe) Projects Personnel Summer Team Support Costs Management Membership Board expense Governance Costs Independent examination fee Accountancy fee Total Resources expended Net (expenditure)/income Social security Postage and stationery Grant Funding Bank account interest Charitable Activities Membership fees Summer Team Investment Income Charitable Activities Direct Costs Fundraising UK admin levy for projects UK admin levy for personnel Total incoming resources EXPENDITURE Raising Donations and Legacies |
2021 2020 £ £ 36,167 41,971 31,705 56,817 92,358 77,846 12,003 17,613 - 2,027 172,233 196,274 24 375 822 657 295 - 529 - 5,989 6,555 2,183 3,585 9,818 10,797 182,075 207,446 10,764 10,764 1,471 1,545 279 867 12,514 13,176 30,681 30,681 - 338 3,005 3,005 7,632 8,693 508 476 907 724 130 40 55 70 25 - - 256 485 485 12 - 124 183 165 325 436 663 44,165 45,939 2,670 6,527 74,878 59,498 52,029 58,112 - 2,068 129,577 126,205 265 265 70 85 335 350 2,010 1,980 210 - 188,811 187,650 (6,736) 19,796 |
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EMMANVEL INTERNATIONAL LIMITED (A COMPANY LIMITED BY GVARANTEE) INDEPENDENT EXAMINERS REPORT ON The ACCOUNTS I report to the charity trustees on my examination of the account5 of ETnmanuel Internatlonal Llmited for the year ended 30 September 2021. RESPONSIBILITIES AND BASIS OF REPORT A5 the charlty's trustees of the Company (who are also the dirertors of the company for the purposes of company law), you are responslble for the preparatlon of Ihe accounts in accordance wlth the requirements of the CompanSes Act 2006 rthe 2006 Act-i. Having satisfied myself that the accounts are not requlred to be audlted for thi5 year under Part 16 of the 2006 Art and are ellglble for Independent examinatlon, I report in respect of my examinatlon of your chartty'5 accounts as carried out under section 145 of the Charities Act 2011 rthe 2011 ACVI. In carying out my examSnation, I have followed the Direcbons given by the Charity Commission {under 5ettion 145{5){bl of the 2011 Art. INDEPENDENT EXAMINER'S STATEMENT I have completed my examinatlon. I confirm that no material matters have come to my attention which gives me cause to belleve that- accounting records were not kept in accordance wlth tion 386 of the Companies Act 2006,. or the accounts do not accord wSth such records,. or the accounts do not comply wlth relevant accountlng requirements under sectlon 396 of the Companies Act 2006 other than any requirement that the account5 give a 'tnJe and fair, view which is not a matter considered as part of an independent examination.. or the accounts have not been prepared In accordan with the Charfttes SORP {FRS102}. I have no concems anij have come across no other matters In connection wh the examInatI to whlch attentlon should be drawn In th15 tEport In order to enable a proper understandlng of the accounts to be reached. J Irvlne-srnlth FCIE Independent Examlners Ltd Unit 2 The Broadbridge Business Centre Delllng Lane 8osha West Sussex P018 8MF Date..14..No(£h..lQll........... 17