EMMANUEL INTERIIATIONAL UMTTE A14NUAL REPORT AND F114ANCIAL ￿ATEmENTs FOR THE YEAR EMDED 30TH SEPTEMBÈR 2024 CHARITY REGIsniATION 140: 289036 COIIPANY REGT5fRATII)N No: 01795695 Independent Examlners Ltd Unit 2 ￿￿alIbrIdge Buslness Centre DdllTrg Lane Bosham P018 8NF EMMANUEL INTERNATIONAL LIMITED (A COMPANY LIMITED BY GUARAP4TEE) Page 2 Legal and Administratlve Lnfomatlon Pages 3 to 5 ￿e￿rt of the Dlrector5 Page 6 Page 7 Balance Sheet Pages 8 to 16 Notes to the ￿naTha￿ Statements Page 17 Ir￿dent E%amlnws ReFMJrt to the Trnstees/Dlre£bxs EM•IAMVEL INTERNATIOI4AL LIMrtED {A COMPANY LIMfTED BY GIIARANTEE) REPORT OF THE DIRECn>RS FOR ThE YEAR E14DED 30 SEPTEMBER 2024 LEGAL AND ADMINisfRATIVE IMFOAI•ATIOM CHARITY NAME Emmanud International ￿rnrted CH￿ NUMBUi 289036 COMPANY REGISTRATION NUMBER 01795695 START OF FINANCIAL YEAR 1st October 2023 END OF F114ANCIAL YEAR 30th Septemw 2024 TRUSTEES THAT SERVED OURING THE YEAR TO 30 SEPTEMBER 2024 (ALSO DIRECfORS LINDER COMPANY LAW) aive Tydeman (Cloirman) Lucy Harding Revd Bernard Lane John P3bv Andrew Sharpe i50n Smalles {appointed 19 JWY 2024} COPIPANY SECRETARY Sue Falbn REGISTERED ADDRESS Forum House SiirliThJ Road Chichester west Sussex POI9 7DN GOVERN114G DOCUMENT Memorandum and Artides of As9x1at￿n Incorpot7ted 28th FetKuary 1984 BAPIKERS NaDonal Westsnin5ter Bank PIC Chithe%ter Branth S Eost Street Chithe5ter West Sussex P019 IHH CAF Bank 25 Kings Hlll Avenue Kings Hill West Malling Kent ME19 4JQ INDEPENDENT EXAMINEIi IndeFendent Eyzminers Ltd unit 2 Broadi￿￿￿ge Buslnw Centre Delling Lar Bosham P018 8NF EMMAt4UEL 114TERNATIONAL LIMITED (A COMPANY UMITED BY GUARANTEE) Gover￿)ng Do¢umert Emmanuel International UK (EIUK} vias Incorpornted as a Company lim￿e0 by Guarnntee ln Febnjary 1984 and reglstered as è chamty with the Chartt*s Commi55ion (NUm￿r 289036). The company was e5tabli5hed under a Memorandum of Assttiation. whth established the obletts and powers of the charitrdble company and 15 governed Under its Artides of AsscKlatx)n. In the eV￿t of company bdng W￿jn￿ up rnembers are wuired tr) cmtribute an amount not excevjing £5. OrgaNsatioMI Strurture Emmanuel Lnternab"wal UK operdtes ftom leased Offi￿ at Forym House, sb.ding Road. Chichester. It has legal independen￿. arml is part of a network of AffiITates wlth Offi￿ in Canada. the USA. Brazil. Malawi, the PhlIlppln￿, TanzanK4 and Uganda. El 15 a150 working in Haiti and South AfvKJ. Qjrrent Inforrrthon can be found on our website.. www.eiuLorg.uk M•thag•ment Tre Generdl Manager, Sue F*1c￿, aThY PerSC￿al Assistant. Unda Fitzmauritr. are bo5eiJ at the Chithester office and have respon5ibiliiy for operational mana9ement. The Trustees meet as required to set policy and review the work and financial situatjon. Ati9)n Smaiits was aptwjnted as a trustee In thi5 financial year. EIUK work5 alongsi¢￿ ovr affiliate El eharthes across the wodd partnering wth churthes Tn servlng Iheir communlbes. The Intemational Dlrector leads this process. and a Counul has ￿ established whith asslsts In doser coordinatKJn across the EI intema¥onal famity. The EIUK Geneftl Manager represents the ELUK interests on tt* Council. PrtrJt¢ts During the perK)d cove￿￿ by this report, EIUK have suprKJrt&1 the followiry projects: Brazil: Agua5 Foryv05a5 Day CentyE, Terena Bible Sthool and Christmas Catakngue gifts {to feed the thildren and support the students rrom the Terena Bible school) PhllSppines: Relief funds for Typh¢)n PAI and ChTiStmas Catak)gue g(fG {Schcd supplies. thihJren'5 rni0i5try ?nd sewing kits) Tanzania.. Water Pfojett in Ibumu. Ibumu schoc4. Communfoes Integratrd renewal Projett, Bee projects, the JMARIKA projert. Maftjluto Frrt)tbridge. KWETV phase 2. Trees for Tomrrow. Health for Development. Entrepreneurship and National Staff. Uganda.. Acholi Girls Fairer Fuiure. Child Discipleship, Sdoam project and ￿pha child￿.5 Minlsty We received funding from Operavon Agri for the Imarika projert. the States of Guernsey for the Trees for Tomorrow projett, Sherbourne St John for the Communities Integrdted renewal Pro]ett and Bee5 Abroad for the Bee projects all in Tanzania. We are very thankful also for the many individual5 arKI ￿￿rI￿ who have supporta1 personnel and projects throughout the year. PERSONNEL P•Fsonn EIUK continues to prowde a mean5 of enabllng pv)pie ￿ all ages, skills and levels of educatton to seNe alongslde Chnstsan Churches in the Developing Workl. The farruty frrxn the UK seThing overseas during the current fiscal year were based in Tanunhi: Vlctoria and Simon Ewing started working in Mwanza in May 2017. They continue io build the capadty of the l¢xal team running various community development projeLts. Thwr two chiklren atteno the Internattonal school. The family visited the UK in the summer 2024 for è shoTt furfough. EJUK continue5 to provide a means of enabNng peorAe of all age5. 5kn"n5 and levels of edurdtion to serve alongslde Christian Churches in the DeveJopiThJ World. We recognise the personal Sacri￿ ma(le by th¢￿e who work overseas, often In drfficult drcUmstan￿, a￿1 wish to recorf our gratstude to ttwn and those who syprxjrt our wot1( in any way. EMMANUEL INTERNATIONAL U141TED {A COMPAMY UMITED BY GUARANTEE) Artivities Andy Sharpe accompan￿ by Ian Baker went to Tanzania to oversee and help with the constructlon of a foot bmdge over the ￿t￿e Ryaha river between the villages of Mafuluto and Luganga. A need was mlenkn.fied by the community t¢ find a way to safely cross the river dunng the rainy seag)n and they thought the 501uDon wa5 a bridge, El was asked to help. So. after much preparation and fundraising Andy & Ian went in November 2023 and spent 6 weeks wo￿lDg with the villager5 on bou) sides of the river to complete the consiTULtion. we We￿ Invrted bad( in May 2024 to be part of the celebration an(J official hand over of the ￿ld9e to the commutbities. Andy Sharpe. Sue Fallon, Ian Baker and Alison Smalles were at4e to attend the event. It was a ts*ff*ndous day of celebration antj a tsme when we heard stories of how much the brfdge had and was in the fuwre g￿n9 to change the lives of the in both communities. During the visit in May a numter of other projert visits were carried out. It was wKouraging to See how the team In Tanzania were doing and the dIffe￿n￿ the projetts were making to the group member5 avd the ctynmUnit￿S they were In. The ctsnferen￿ an¢ AGM was hdd on March 2nd 2024 and was combir*d EIUK celebratlng 40 years as a registe￿d charity. It was very well attended by Alumni. supwJrter5 repre*ntsty"ves from some of our other offi￿. Lt wa5 an opportLtnity to look back and be Tharbkful and look forward with Hope. We were able to hear ￿portS in persoD frorn Fred Silva IBrdziI} Simon Ewlng ITanzanial paul Jones {Internationall St Peterfs Churth summer team. Chris Manktelow and Andy Sharpe. Thanks to technology Mike & marianr￿ Botting along with Vin￿nt Gsrjudu were able to JL¥n us to give a port on Vganda. There was 5pa¢e in the day to catch up with okl frients and make new ones. it was an ex￿lient eelebration. Our publications for the year our monthly prnyer cakndar and Down to Earth. 3 Bushnet and a Photo Report, all giving us opwrtunittes to prouK>te the work and give updates on the prrjletts. There were opportunities to p￿sent the work of EI In local churches and the office t￿ldIng. Our founder Rev John Carmll and wife Thelma both passed away in this year. Thelma on the 23rd November 2023 and John on the 27th May 2024. We a￿ vwy thankful for they dKJ for EI and they will be rnissed. Future Developments We wlll contlnue to bulld on the prinoples that govern our work- 5trengthÈning our relJtionsbip5 with new and existing partnets, helplng them meet the needs of their commuTribes. We will continue to work primarily thmugh the Christian hurch. seconding volunteers with the necessary sk)Ils to work wtth them, ralsing funds for their per50rnal and projett support and l¢)oking for ways to better infom those who a￿ in sympathy with what we do. The￿ is a Strateglc thinkiTh9 and executlon prtxess 2024- 2028 underway for El Lnttsnatwally and EIUK are actively Invc4ved In this proc￿5. Recruitmert •nd •ppo•ntment of new trustees The Direttors of the Company are a150 Charity Trustee5 for the purrx)ses of charfty law. and in accordance with the wish of the mefftber5, a￿ el2£t￿l to serve for a perirAI of three years after whith they must be ￿-elected at the next Annual General Meeting. The Trustees can number up to 12 persons and currentjy comprise mairbly of rMsonnel who have had first-hand experien￿ of wc¥king in the Developing Work1. They also bnno professional skills ITr areas such as pastDfdl 0￿, mediane. human res¢)urces. commerTr and adrninistrati¢)n. Ptstentrdl new Director5 should be in sympathy with the aims of the chanty and are detted tTry tre rr*mber5 al the Annual General Meebry. Indurtion and trainin9 of new trwtees Orientabon Is prowéed to er*sure familonty with the resp(￿$7b111t￿ of a director. Public Bènefrt Emmanuel Intwnational provides a rwns by whid) v(4untary workers in sympathy with El's objettsves can work alongside Chrksuan church pathers in the developing wodd to briTrJ wactical and spiribjal hebp to thar communities. aThd to raise funds for their needs. There is a publ* benefit. therefore. through sustalnable devdownent work such a5 the installation of water harvÈthg tanks and dean water Schemes, agncultwal eX￿r￿se, Village Community Banks. trdining and education, given Indiscriminately and availatle tc all in need through our partnership the l(Kal Christian Churches an¢ comrnunitie5. EMMANVEL INTERNAT1014AL UMITED {A COPIPANY LIMITED BY GUARANTEE) Risk managemert The trustees have a duty tt) identrfy and review the risks to which the Chartty is exposed and to ensure appropriat2 controls are in place to prowde reasonable aSSUra￿e ￿ainSt fraud and error. The trustees have reviewed the risks t whith El might be eKposed. The trustees ￿leVe they have identifieil those which could have the potentyal to bring the Charity'5 aCtivitre5 to 6 5tsnd5bll have 5￿ght to ￿su￿ that the necessary safeguards art in place io mitlgate those risks. Dats Prote¢tlon The data protection legislation enacted in 2018 is relevant to Et and a detaded di9itsl ￿licY has been developed and applied. EIUK Is eompliant wtth the tU￿￿t GDPR rdtcy. Flnandal Rev*w Income am(xJnt& to £209,338 12022= E218,159}. of which £131.862 12023= £136.9461 rela*d to projects. Expenditure amounted to E222.169 (2023.. £206.7161. rf whth £145.403 {2023'. £145.1431 related to projects. As a result. total reserves decreased by £12.831 12023- increased by £11.443}. Llnrestricted generdl funds Increased by £7,475 and restrKted funds decreased by £7.136. Expendrture on staff costs 1£39.530} is a significant prop¢Jrtion of total expermjirure on chafltsble activities (E207.7571- Staff cost5 are rnainly met by personal donor contrlbutyons The trustee5 a￿ 5atsfied that the Charity's assets are available and advJuate to fulfil the obligation5 ￿ the Charity. Reserves are hdd at a ￿Ve1 sufFioent to meet the nmnlng costs of the Charity for iv4elve moftths. Currently the charity's re5erve5 are in eX￿s5 of twelve months, running costs. The trjstees are actsvety considering ways to use thelr unrestricted funds to SUKWrt proieds. Unrethcted funds stand at E91.837. Designated funds stand at £100,321. FurKIs for projects stand & £163,09L and a￿ considered by the tnJstee5 to be suffio.ert to meet proiett liab"l￿e& There are no funds In defidL Trystees Responsibilities The Charities ACL and the Companles Act require the Board of Tnjstees to prepare flnanoal statements fv each financsal Year which glve a true and fair view of the state of affalrs of the as at the en¢1 of the flnandal year and of the surplus or defiot of the rharity. In p￿paring th)se finanoal ststements the Board is requi￿ to: setett suitaUe accounting and then apply them CO￿1#ent￿. make judgements and estimates that a￿ ￿3$onal￿e aThd prudent. and prepare the finanoal ststements the going concern basis unless it is Inappropriate to presume that the charity will coAttnue in operation state whether appticable accounting Standards and statements of rec0rnrr￿ded Pr￿￿Ce have been rolbwed, subject to any Ma￿al departu￿ dlsd(6ed and explain*J In the finanoal statements. The Trustees a￿ ￿pOnSIble fvr maivtaining athouate accounkntbg recor[15 which di5dose with reasonable accuracy at any tirne the financlal ￿SIty"On of the charity and which are sufficknt io show an¢Y explain Ihe tharity's transactions and enable them to e￿su￿ that the finanoal statements comply with the Companie5 Act 21J06 cornply with regulations made under the Charities Art. They a￿ also re5rx)nsible for safeguarrjing the assets of the charity and hÈnce for taking asonable steps for rhe preventi￿1 and detecty￿ of fraud and ther br￿uL?￿tieS. The Trustees are also ￿SponSible fLY the contents of the Trustees. reporL and reS￿nsibIlity of the inde￿Trdent examiner ln relats.on to the Tru5tees' ￿port 15 lirnited to examiniThJ the report and ensuring thaL on the trd￿ of the report. the￿ a￿ no int￿51$tenoeS with the figures disd0￿ in the financial ststements. These accounts have ￿en prepared in accordan￿ with the tTOVi*LMS applitabk to companies subjett to the srnall Compan￿$. regime. This Report was approved by the Tru5tee5 fm ... awwj sgned on C Tydeman I￿alM)an) Truknloirector Choirrnan EMMANVEL JI¥TERNATIOP4AL L114TTED (A COMPANY LIDITTED BY GUARANTEE) FOR THE YEAR ENDED 30 SEPTEIIBEA 2024 Unrestricted De&gnated Restricted Fvnds Funds Funds TOTAL 2024 TOTAL 2023 Note5 Income Donations and legaoes 59.387 3.472 131.862 194,721 205,628 Investment Int¢%ne 3.494 3.494 2.402 Incorre from thariiaLqe aLtlvitses 11,123 11.123 9.790 Other Income 339 Totsl Income L31 862 218 L59 Ex￿ndI￿re Costs of raising funds 14,412 14,412 13,431 Expenditure on charftable activstie5 5L117 16.642 138.998 207,757 193,285 Other Expen¢Jitu Total Expenditvre Net Incomelexp￿dI￿Y* 7.475 113,170) (7,136) (12,831) 11,443 Trdnsfers txtween fuThJs 11,12 Net movemert th fvnds ,17 11,443 Recohtiliatlon of funds: Total Funds Brought Forward 84,362 113.491 170.227 368.080 356,637 Total Funds Canied Fomard 163 091 355 249 368 D80 Movements on all reserves and all recognfi￿ gairLS and bjsses are shown above. Al of the orgaThisatb)n's operations are dassed as continuing. The Aotes on pages 8 to 16 form part of these finanoal ststements. E¥•IANVEL IPtFERP4ATIOMAL UMITeD (A COMPANY iIMITeD BY GiIARANTEE) AS AT 30 SEPTEMBER 2024 Unrt5trKteLI Designated Restricted 30-Se￿24 30-SeF23 JThJ5 FuThls Funds Total Total Note xed Assets.. Tangible assets Current Assets: Debtors Cash at tsank and In hand Total Current Assets 10.104 10,104 347 185 11,895 358 28S 370 180 163.091 93.877 Crentifiu￿) FOR THE YEAR ENDED 30 SEP7EII8ER 2024 g) Fund attountin9 Unrestrrted funds are avaIlab￿ to spend on acbvibes that further any Purposes of the charity. Designated funds are unrestrkted fvnd5 of the tharity whith the lJustees have deoded at their discretiC￿ tg set aside to use for a spetific purtw)se. Restrrted funds are donations which the donor has $￿tfied a￿ to be solely used for pattrular areas of the charity's work or for spedfic projects being un¢Jertaken by the charity. Further explanation of the ftatU￿ and purpose of eath fund is induded in the note5 b) the finanoal sratements. h) Ewndltu Expenditure is accounted fDr on an accTuals basis and has been classified under heèding5 that aggregate all c05t relate(J to the category. Where costs canrK)t ￿ directly attributed to particulèr heading5 they have LEen allctsttyj to activibes on a basis cOns￿nt with the use of resources. Grants offered 5ubJert to conditions which have not been met at the vear end date a￿ nrtsd as a commitrnent but attnjal as expenditurL l) Offsetting There has been no cltsetting of assets and Wab"liiie5, or income an¢1 ￿￿￿￿seS, unless required or pern)itted by the FRS 102 SORP or FRS 102. j) Tangible fixed •ssets The charity does not currently hdd any fixed asset> k) Operatlng leases Rental charges payabte unijer Opwabng leases a￿ tharged on a stralght Ilne basis over the terms of the lease. l) Ta￿ts￿ The charity Is exempt frr#m tax on its chantsbje acbvibe m) Legal statu$ olthe nnell Gifts & donatkifts Gift Ald tax ￿0)Verable Spe£ièl Ctslkction Sumrner Team ifttome 10.289 38.734 10.364 LO.289 160.3S9 10,364 10.237 3.472 5,124 188.362 12,142 121.625 10,237 3.4n 131 862 194 721 205 628 bl InvesimeJit income Bank Inte 3.494 3,494 2,402 c) Income Irom chantable acti¥￿e5 Membwship Fees CO￿leren￿ Fees Fundraising UK admin levy for projects UK admln levy for personnel 726 1,689 510 6,829 1,369 726 1,689 510 6.829 1,369 724 285 320 6.801 1.660 11.123 dl Other Income other Income- Pension Refund * other IrKome- Mi*dlaneous 267 72 339 * A de￿Ie￿ revi&Y (* past penwon contritthons, condurted t>y the charity. revealed that the Pension provider had requested a payment twi￿ In a previous finanaal peri¢xl (from chaTTty. not from the employees). The ￿Und p￿SentS the return of that Ov￿paYment EMMANUEL INTERNATIOIIAL LIMITED (A COMPANY LI￿lITeD BY GUARA14TEE) 140TES TO THE FINANCIAL STATEMENTS (contlnued} FOR THE YEAR ENDED 30 SEPTEMBER 2024 3. EXPENDrruRE Unrestritted Dtsignated Restrtctsd Funos Funds Funds TOTAL 2024 TOTAL 2023 Notes al Costs of raising funds stdff costs Publioty Promotic IJ 11483 lJ79 550 12,483 1,379 550 11,628 i.oio 793 bl Expenditure on tharitrable &tivities Unrestricted De*gnated Rethrted Fun¢Js Funds Funds Totrl 2024 Total 2023 Direct costs Administration an¢Y sundry Bank charges 8oard expenses Conferentts Ho¥)itslrty and cètenng InsurarKe Printingi ty)5ta9e 6nd 5tatiwery Publidty and Advertyslng Rent Repairs and eouipment Special Coilectkjn - passed on Telephone Travel staff costs {Ind. trainlng) Grant lundlThg of attlvltles (nots 6) Grdnts payable Grants payable- donated Ser￿￿ (Staff tsme) Support costs (note 4) Lndependent Examlner5 Fees 93 93 234 148 2.451 93 655 50 614 3.864 1,188 10,237 741 416 39,530 150 271 107 34 2.451 93 655 50 614 3.864 1.188 680 115 419 4,022 1,399 10,237 741 416 39,530 763 1,251 36,831 13 16.642 118.472 10.289 135,114 10,289 140,019 5.124 2.040 2,040 2,LOO 117 207 757 193 285 EXpeThdrtu￿ on staff (05ts £39.530 12023: £36.831) is a signrfKant proportson of totrl expenditure on charitsble activitses £207,757 {2023: £193,285). St*f costs a￿ mainty mei by personat doTh)r contributt(xis. EMMANIJEL INTERIIATIOIIAL LIMThEO (A COMPANY LTi4rrED BY GUARA14TEE) NOTES TO THE FINANCIAL StATEMEfits (u•ntlnued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 4. SUPPORT cosrs Management Governance costs (note 51 Totsl 2024 Totsl 2023 S. GOVERNANCE COSTS Total 2024 Total 2023 Net expendllure Is stated after charging- Independent Examlnefs Fee 2,100 loo 6. ANALY515 OF GWITS PAID UnrtsknLteiJ Deggnatal Restricted Fut Funds Funds Total 2024 Total 2023 Projects Pe￿O￿ne1 16.642 89,945 38.816 106.587 38.816 120,867 24,276 145 143 To Charitses To To IndiwduaLs Oryanisètions Total 2024 Total 2023 Projects Personnel 113,579 28.577 3,247 145,403 145.143 113 579 145 403 The Pro)eLts and Personnej that we gjpwt are described in the Trustee Annual ReporL The funds paid to Oryanisètions repre$￿t ¢yJsts for sending teaffls ¢)verseas for project monitorirrfj visits. 7. TANGIBLE FIXED ASSErs The chanty did hokt any fixed assets (Jurlng Ilms or the previous finanool year. 8. DEBTORS AND PREPAYHEIITS Un￿st￿rted Re%tricted fvjnd Fund Totsi Total 30-Sep24 30-Sep-23 Accrued Income and Prepayments HMKC Gift Tax Recoverabk 227 9,877 227 9,877 253 11,642 EMMANVEL 114TER14ATIONAL LIMrrED (A COMPANY LIMfTED BY GVAPANTEE) NOTES TO THE FZ14At4CIAL ￿￿TEMENTs (continu￿} FOR ThE YEAR ENDED 30 SEPTEMBER 2024 9. CREDTfoRS AND ACCRUALS: AMlXIKtS FALUNG DUE wrtHIN ONE YEAR Unre5trittrJ Restricteil FUTh Fund Total Total 30-5ep-24 30-Sep-23 Independent Examlners Fees Pensions Payat4e 2.040 2.100 10. CREDfFoRS AND ACCRUALS: Amoufirs FALUNG DVE IN MORE ThAN ONE YEAR The charity did not have any 0EdItr￿ or acuuals fall￿ due in more than one year at the eThJ of thls or the previous flnanaal year. 11. DESIGNATED FUNDS CURRENT YEAR 2024 Transfers Expendi￿re btw funds BolorKe 01-Oct-23 2024 Income Balance 30-Se￿24 Rethmed Workers Fur 5umrner Team Bursary 109,599 3.820 72 113.345) {3.297} 96,254 3.995 72 3.472 113 491 100 321 11.a} PREVIOUS YEAR- MOVEMENT ON DESIGNATED FUNDS PREVIOUS YEAR Baldr￿e 2023 2023 Trynsfers Balance 01•0rt-22 Income ExPendI￿re btr4 funds 30-Sep-23 Returned Workers FuThJ Sumrner Team Bursary 125.269 3.964 72 115.670) (17,740) 109.599 3,820 72 17,596 129 305 33.410 113 491 Purpose of designat￿ funds: R•turn•d Workers Fund- these fvnds relate to worker5 %¥ho have rebJrDeiJ from the fiekl and have balan￿5 of donated funds remalnlng. The fund are treated as designated to spent on chaitable activities at the dtstretion of the Board. Summer Team - these funds relate to thurth 9roups or iThfJv1￿aLS who go on overseas visits during the year to provide asslstance on short-teTm prDJeLts. rsary- thi5 fund is to hdp people attend the annual confererKe. if [￿eded. EMMAIIUFL INTERNATIONAL UMITED (A COMPAIIY LIIIITED BY GUARANTEE) 140TES TO THE FINANCIAL STATEMErirs (contlnued) FOR ThE YEAR ENDED 30 SEPTEMBER 2024 12. RtSTrlCTED FUNDS CURRE￿ YEAR 2024 2024 Trnn￿ers Balar￿e Expenditure t)tré funds 3(hSep-24 Balance Openlng bal 01-￿-23 attjustment Fleld Workers Projects Spethal Collection 10,127 160,1 31.608 90.017 10.237 126,527) ILOO,234) (LO,237) 13,208 149,883 170.227 131 862 163 091 12.a) PREVIOUS YEAR- HOVEMENT ON RE￿luc￿ED FIINDS PREVIOUS YEAR 2023 2023 T￿nSfer5 Income Expenditure t)tw funds Balance Opening bal 01-0rt-22 adjustment Balance 30-Sep-23 eld Workers Projetts christn￿5 Catalogue 8,368 136,207 439 26.035 110.911 (24.276) 187.018) (439) 10,127 160.100 145 014 ILI 733 170 227 Purptsse ￿ restrKted fu￿5.. Ail funds given for specific Fidd Workers arbj ProFtts are treated as being rethcted and are applied solely for thls purpose. TTrnslers be￿eeTh funds: There have been rK> trénsfer5 between fu￿5 dunng 2024. There have been Tr) trnnsfers betb¥een funds during 2023. EMMANUEL IP¥TERNATIONAL UI4TTED (A COMPANY UMfTED BY GUARANTEE) WOTES TO THE F114ANCIAL STATEMEI(t5 (continu￿} FOR THE YEAR E14DED 30 SEPTEMBER 2024 13. ANALYSIS OF STAFF COSTS. TRUSTEE REMUMEKAT1014 AND EXPENSES AND THE COST OF KEY MA14AGEMEMT PERSONNEL 2024 2023 Gro55 Wages and Shlanes Ernployerfs National Insurdnce Costs Employvnent Allowan￿ aaimed Employerfs Pension Costs payro￿ PrO￿s1ng Fee5 48,623 4,526 (4.526) 2.917 518 45.231 3.767 13.767) 2,710 518 Tre cha￿ty had 2 employee5 at the start of the year. and 2 erWoyees ot the end of the year. Stsff number5 by head cwnt that were employed In the folk)wrwJ areas of the charity We￿.. 2024 2023 LO Aetivitles in fijrtherance of ￿an1$ab"on's rkniéctives No employees rece6ved emoluments in excess of £60,[￿ (2023: nil) The above staff are paid through the PAYE systern. The key management ptrsonnel of the charity 15 Lrn51(Ie￿ to be the Board of Trustees. No Trustees recewed any remunerdtion. therefo￿ employee benefrts (including remunerdtion. employer natlonal InsWan￿ and employer penslon contributions) reJabrvJ to key managemwt personnd were £nil. The charity offers a workplace ￿nSIOn scherne and enrolbed all eligible ernpkny￿. Empk>yer contribution5 have been budgeted for and were paid on t￿haIr of two empkjyees during 2023 in aC£Vrdar￿ wlth legislation. Thi5 amounted to £2,917 in 2024 (2023.. £2,710). 14. TR115TEES AND OTHER RtLATED PARTIES 2024 2023 Trustees Transactions: 75 E 35 Qne Trustee was rémbursed £75 for Board expenses incurred whi15t on Trustee business 12023122.. One Trustee was imburstd £351. No other pay7nents We￿ made to Trustees or any persons connetted W￿th thetv during this financial period other than the reimbursement of expen(Jture incur￿# on behalf of the thority. No matwal tr3nsactlon took pla bets¥een the organisatton and a Trustee or any person £onngled with them. A Special Cc4[￿lon was taken during 2024 to receive donaii0Tr5 fTDm dor￿5 who wished tts eontribLrte towards a new car for the General Manager and Company Secretary. S Fallon, who uses her personal vehide for charity business on a regular basis. The amount raised and subsequentty passed on was £10.237. The funds were restrfrte(J sokly for this purpose as speofieo by the donor5. EMMANUEL IIITERMATIONAL LIMfrED (A COMPANY LIMrrED BY GUARANTEE) NOTES TO THE FINANCIAL SfATEMEPIT5 {contlnued} FOR THE YEAIi ENDED 30 SEPTEMBER 2024 IS. RISK ASSESSMENT The Truste& activdy review the major risks which the charity tdQS a regular basis and betieve that maintsining the free reserves stated. combined with the annual ￿VIeW of the contro15 over key financial ￿tern5 carrie(J out on an annud basls will provide sufficient resources In tr￿ event of adve15e conditions. Tme Trustees have also examined other operational and busine55 risks whith they fa￿ an¢ 0￿fim) trat they hève established systems to mitigate the sionrficant risks. 16. RESERVES POUCY The Trustees have considered the level of Teserves they wish to retain. apprDpriate to the tharlty's needs. Thi5 15 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 fuwil its tharitsble objeLtive5 even if there is a temporary shortPdll in irKome or unexpected expenditu￿. The Trustees will enéeavour not ttl Set aside funds uTrnecessarity. The general reserves Wicy is found in the Trustees Annual Re￿rt on page 5 to these finanoal statements. 17. PUBLIC BENEFTr The charty ackn¢)wSedges its requirement to derncffjstfate deatfy that it must have charitable purpose5 or'aims. that are for the publlc benefiL Details of how the chanty has ach￿Ve￿ this are provided in the Trustees report. The Trustees confim that they have oaid ijue to the Charity CoTnmission guidantr on pubk benefit before deciding what attivitses the charity S￿)￿1￿ undertake. 16 EMMANVEL 114TERNAIIONAL LIMfTED (A COMPANY UMITED BY GUARANTEE) INDEPEN￿NT EXAMINERS REPORT ON THE ACCOUNTS I rep￿t to the charity trustees on my examination of the acwunts of Emmanuel International Limited for the year ended 30 SeptemLEr 2024. RESPONSIBILMES AND BASES OF REPORT As the charity's tnjstees of the Company are also the dIreCtt￿ of the compony for the purposes of company law), you are responsible the preparabon of the accwnts in accordants with the requirements of the Companies Act 2006 Cthe 2006 Act"). Having satisfied Myse￿ that the accounts a￿ not Tequlral to be authted for this year under Part 16 of the 2006 Art and are eliglble for iThd￿ndent examination, I report in respeLt of my examination of your chartty's accounts as camed out under sertion 145 of the Charithes Art 2011 fthe 2011 Arf). In carrying out my examlnatlon. I have fdlow& the D1￿ctyOnS given by the Charity Comrnissic￿ (un(ler sectlon 14515llbl of the 2011 Att. INDEPENDEKW EXAMENER'S STATEMENT I have cornpteted my examinatin. I confirrn that m&trial matters have to my attentlDn whith gives me cause to betieve that.. accountyng records were not kept in accordantt with 386 of the Companies ALt 2006: or the accgunts (Jo n¢A accord with wch recorts; or the acrnunts do not comply ￿th re￿ant accoutrting wuirements under seLtion 396 of the Companles Act 2006 rther than any requirwm￿r that the accLNJDts give a 'true and fatrf view which is not a matter considered as part of an independent examIna￿on. or the accounts have not be￿ prepared In accordance the ()arit*s SORP {FPS1021. I have no concerns and have come across no rther matters rn cl￿r￿t￿•Tr wth the examination to which attentyon should te drawn in this repL)rt In (xder to enable a proper uwKlersranding of the accounts to be reathed. J Iryintrsmith FCIE Lndependent Examiner5 Ltd Unit ? The 8roadbridge Business Centre Delling Lane Bosham W￿t Sussex P018 8NF Date: 17