2022-07-31-accounts - Emmanuel Christian School Oxford

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.9, EMMANUEL * CHRISTIAN SCHOOL TrHEfKV OXFORD ANNUAL REPORT & ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 EMMANUEL CHRISTIAN SCHOOL ASSOCIATION" ity T4WDQ ¢hoftgedto Errimrnl Qntian Sthuol OkTord, 16th'Augusl 2022- '

CONTENTS Chtjirs St?tement Principal'5 RepoTt A Year 01 L,.le And Learning To Th8 Full 13. frustees, Rèport 14. Rèview 01 The Year's Activities In Relation To Public Bonelit Review 01 The YÈ¢r's Activities 17. Ir,dependent Exèminer's Repoi'r To The Trustees Of The Erftmaryuel Christian School A5$0Cialion 18. Statement 01 Financibl Activities 1S. 19. Balance Sheet As At 31 st July 2022 20. Notes On The Accounts 20. Note 11 Basis 01 Preparation NotÈ 2 | Accountin9 Policies Note 3 | Analysis 01 Incon)e Note 4 | Analysis 01 Receipts 01 Government GrontS Note 51 Donated Goc>ds. Faciliiies And Services Note 6 | Analysis Of Expenditure Note 7 | Paid Employee5 Noie 8 | Delined Contfibution PÈnsion Scheme Or Defined Benefit Scheme Accounted For A5 A Defined Contribution Scheme 21. 24. 25. 26. 27. 28. 29. 30. Note 9 | Tangible Fix@d Assets Note 101 Dobtor5 And Prepayments Note 11 | Creditors And Accru3Is Note 12 | Cash At Bènk And In Hand Note 13 | Charity Fund5 Note 14 | Tfansactioi)s With Trusiees And Related Pai1ies 31. 32. 33. 34. 36.

						Restricted
					Unrestricted	income	Endowment			Prior year
					funds 6	funds K	funds f	Total funds E		funds 6
Incoming resources		(Note 3)
Donations and legacies					40,130			40,130		31,266
Charitable activities					233,176			233,176		190,968
Other trading activities
Investments					21				21
Other
Total					273,327			273,327		222,243
Resources expended		(Note 6)
Raising funds					216				216	216
Charitable activities					270,517			270	517	224 213
Other
Total					270,733			270	733	224 429
Net income/(expenditure)and			net movement	in
funds for the	year				2,594			2,594 -		2,186
Reconciliation	offunds:
Total funds brought	forward				104,147	750		104,897		107,082
Total funds carried fonvard					106,741	750		107,491		104,897

					Restricted
				Unrestricted	income	Endowment	Total	this	Total lasl
				funds	funds	funds	year		year
				6	6	6	6
Fixed assets
Intangible assets
Tangible assets		(Note 9)		773				773	1,614
Heritage assets
Investments
		Total	fixed assets	773				773	1,614
Current assets
Stocks				400				400	400
Debtors		(Note 10)		20,028			20,028		14,491
Investments
Cash at bank and in hand (Note 12)				92,866	75		93,616		96,072
		Total current assets		113,294	50			,044	110,963
Creditors: amounts		falling	due within
one year	(Note 11)			3,815			3,815		4,570
Net cunent assetsl(liabllitlesj				9	7		11,2		106,393
Total assets	less current liabilities								108,007
Creditors: amounts		falling	due
after one year		(Note 11)		3,510			3,510		3,110
Total net assets or		liabilities		106,741	750		107,491		104,897
Funds ofthe	Charity		(Note 13)
Endowment funds
Restricted income funds					750			750	750
Unrestricted funds				106,741			106,741		104,147
Revaluation reserve
			Total funds	10,741	75		10, 1		104897

NOTE 2			'	f	f'l()N	f'l()N	I	III': P LIL I'
2.1 INCOME
Recognition	ofincome							These are included in the Statement of Financial Activities (SoFA)when:
								~the charity becomes entitled to the resources;
								it is more likely than not that the trustees will receive the resources; and
								~the monetary value can be measured with sufficient reliability.
							,
Offsetting								There has been no offsetting ofassets and liabilities, or income and expenses,			unless		required			or
								permitted by the FRS102SORP or FRS102.
Grants and	donations							Grants and donations are only included in the SoFA when the general income			recognition				criteria
								are met (5.10to 5.12FRS102SORP).
								In the case of performance related grants, income must only be recognised to the extent						that		the
								charity has provided the specified goods or services as entitlement to the	grant only			occurs when
								the performance related conditions are met (5.16 FRS 102SORP).
Government		grants						The charity has received government grants in the reporting period
Tax reclaims		on donations				and		Gift Aid receivable is included in income when there is a valid declaration	from the donor.						Any
gifts								Gift Aid amount recovered on a donation is considered to be part ofthat	gift		and istreated				as an
								addition to the same fund as the initial donation unless the donor or the terms of the					appeal			have
								specified otherwise.
Contractual	income			and				This is only included in the SoFA once the charity has provided the related goods oi				services				or
performance			related	grants				met the performance related conditions.
Donated services and					facilities			Donated services and facilities are included in the SOFA when received at the			value ofthe				gift to
								the charity provided the value ofthe gift can be measured reliably.
								Donated services and facilities that are consumed immediately are recognised			as income			with		an
								equivalent amount recognised as an expense under the appropriate heading			in the SOFA.
Support costs								The charity has incurred expenditure on support costs.
Volunteer help								The value of any voluntary help received is not included in the accounts but is			described			in	the
								trustees' annual report.
Income from		interest,			royalties			This is included in the accounts when receipt is probable and the amount	receivable			can be
and dividends								measured reliably.
Income from		membership						Membership subscriptions received in the nature of a gift are recognised	in Donations				and
subscriptions								Legacies,
Settlement	of		insurance					Insurance claims are only included in the SoFA when the general income	recognition				criteria are
claims								met (5.10to 5.12FRS102SORP) and are included as an item ofother income		in the SoFA.

.2 EXPENDITURE AND	.2 EXPENDITURE AND	.2 EXPENDITURE AND	LIABILITIES
Liability recognition			, Liabilities are recognised where it is more likely than not that there is a legal or constructive
			obligation committing the charity to pay out resources and the amount ofthe obligation can be
			measured with reasonable certainty.
Governance	and support		Support costs have been allocated between governance costs and other support. Governance
costs			costs comprise all costs involving public accountability ofthe charity and its compliance with
			' regulation and good practice.
			Support costs include central functions and have been allocated to activity cost categories on
			a basis consistent with the use ofresources, eg allocating property costs by floor areas, or per
			capita, staff costs by the time spent and other costs by their usage.
Grants with	performance		Where the charity gives a grant with conditions for its payment being a specific level ofservice or
conditions			' output to be provided, such grants are only recognised in the SoFA once the recipient ofthe grant
			has provided the specified service or output.
Grants payable		without	Where there are no conditions attaching to the grant that enables the donor charity to realistically
performance	conditions		avoid the commitment, a liability for the full funding obligation must be recognised.
Redundancy	cost		The charity made no redundancy payments during the reporting period.
Deferred income			No material item ofdeferred income has been included in the accounts.
Creditors			The charity has creditors which are measured at settlement amounts less any trade discounts
Provisions for		liabilities	A liability is measured on recognition at its historical cost and then subsequently measured at the
			best estimate ofthe amount required to settle the obligation at the reporting date
Basic financial		instruments	The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7
			FRS102SORP. Subsequent measurement is as per paragraphs 11.17to 11.19, FRS102 SORP.

Tangible	fixed assets for use	fixed assets for use	These are capitalised ifthey can be used for more than one year, and cost at least
by charity			They are valued at cost.
			The depreciation rates and methods used are disclosed in note 9.2.
Intangible		fixed assets	The charity has intangible fixed assets, that is, non-monetary assets that do not have	physical
			substance but are identifiable and are controlled by the charity through custody or legal rights.
			The amortisation rates and methods used are disclosed in note 9.5
			They are valued at cost.
Heritage	assets		The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific,
			technological, geophysical or environmental qualities that are held and maintained	principally
			for their contribution to knowledge and culture. The depreciation rates and methods	used	as
			disclosed in note 9.6.1.4.
			They are valued at cost.
Investments			Fixed asset investments in quoted shares, traded bonds and similar investments are	valued	at
			initially at cost and subsequently at fair value (their market value) at the year end. The same
			treatment is applied to unlisted investments unless fair value cannot be measured reliably in which
			case it is measured at cost less impairment.
			Investments held for resale or pending their sale and cash and cash equivalents with	a maturity
			date of less than I year are treated as current asset investments.
Stocks and		work in progress	Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
			realisable value.
			' Goods or services provided as part of a charitable activity are measured at net realisable value
			based on the service potential provided by items ofstock.
			, Work in progress is valued at cost less any foreseeable loss that is likely to occur on	the contract,
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.
Current asset investments			The charity has has investments which it holds for resale or pending their sale and cash and		cash
			, equivalents with a maturity date less than one year. These include cash on deposit and cash
			equivalents with a maturity date of less than one year held for investment purposes	rather than to
			meet short term cash commitments as they fall due.
			They are valued at fair value except where they qualify as basic financial instruments.

N0TE	3 I	-' IU A I T5	-' IU A I T5	I	S 0F	S 0F	S 0F	I N	C0M	C0M	C0M	F.				unrestricted	unrestricted	Restdcted Income	Endowment
																funds		funds	funds	Total funds		Prior year
							Anal		sis											K		6
Donations		Donations		and		ifts										36,980				36,980		28,077
and legacies:		Gift Aid														3,150				3,150		3,189
		Le acies
		General grants provided								by	government/other
		charities
		Membership			subscriptions						and	sponsorships
		which are		in substance					donations
		Donated		oods,		facilities				and		services
		Other
													Total			40,130				40,130		31,266
Charitable activities:		Main School Fees Nurse Fees														156 67	835 216			156,835 67216		127,435 52,264
		Swimmin		fees,		uniform				sales,		etc				5,399				5,399		2991
		Other														3,727				3	727	8278
													Total			233,176				233	176	190968
Other trading
activities:
		Other
													Total
Income from		Interest income															21				21
investments:		Dividend	income
		Rental and			leasin			income
		Other
													Total				21				21
Separate		HMRC Job			Retention Scheme
material	item
of income:
													Total
Other:		Conversion			ofendowment						funds		into income
		Gain on disposal				ofa tangible						fixed asset		held
		for chari	's		own	use
		Gain on disposal				ofa programme							related
		investment
		Royalties	from the				exploitation					of	intellectual
		ro e	ri		hts
		Other
													Total
TOTAL INCOME													c .- ,aj- f	-	n	273327				273	327	222,243
														I

	Description		This year 2	Last year f
Government grant 1
Government grant 2
Government grant 3
Other
		Total
Please provide details ofany
unfulfilled conditions and other
contingencies attaching togrants
that have been recognised in Income.
Please give details ofother forms of
government assistance from whish
the charity has directly benefited.

Please Pt'ovide details ofthe	The Achcr Trust directly pays relating to the school buildings.	the building The cost
accounting policy forthe recognition	has been treated asa donation	in the accounts.
and valuation ofdonated goods,
facilities and services.
Please provide details ofany
unfulfilled conditions and other
contingencies attaching to resources
from donated goods and services not
recognised in income.
Please give details ofother forms of
other donated goods and services not
recognised in the accounts, eg
contribution of unpaid volunteers.

					Restricted
				Uurestrtcted	Income	Endowment
				funds	funds	funds	Total funds	Prior year
		Ana	sis					6
Expenditure	on	Incurred seeking donations
raising funds:		Incurred seeking legacies
		Incuned seeking grants
		Staging fundraising	events	216			216		216
		Other trading activities
		Total expenditure	on raising funds	216			216		216
Expenditure	on	Swimming, uniforms, etc.		1 082			1,082	1	609
charitable activities		Outings and Productions Staff Salaries		1258 199484			1,258 199,484	161	335 268
		Staff training		469			469	1,369
		Educational consumables		4 135			4 135	4,111
		Expenditure funded	by grants and
		donations
		Publicity 8 advertising		5,469			5,469	6,730
		Payments to other	charities	390			390		490
		Utilities		7,296			7,296	9,262
		Rent 8 Rates		3,081			3,081	3,021
		Insurance		6,407			6407	5,988
		Building repairs &Other property
		expenses		12493			12,493	10,795
		Cleaning		1445			1,445	1,232
		Depreciation		841			841	3	285
		Office Costs		12,571			12571	9	762
		Legal/Professional		24			24	1	125
		Bank charges		89			89		12
		Movement in Provision
		for bad debts		10700			10700	- 34	227
		Debts written off						34	643
		Miscellaneous		3281			3,281	3	199
		Total expenditure activities	on charitable	270,517			270,517	224,213
Separate material
item ofexpense
		Total
Other
		Total other expenditure
TOTAL EXPENDITURE				270,733			270,733	224,429

7.1 Staff Costs
			This year	Last year
			E
Salaries and wages Social security costs			188,201 6,432	151,739 5,350
Pension costs	(defined contribution	scheme)	4,851	4,179
Other employee	benefits	Total staff costs	199,484	161,268
Please provide	details ofexpenditure	on staff working for the
charity whose contracts are with and		are paid by a related party

					Freehold	Other land a	Plant,		Fixtures,	Total
					&buildings	buildings	machinery	and	fittings and
							motor vehicles		equipment
At the beginning			of			60,144	65,875		3,482	129,502
the year
Additions
Revaluations
Disposals
	*
Transfers
At end ofthe		year				60,144	65.875		3,482	129,502
9.2 Depreciation				and	impairments
			Basis		SL	SL	SL		SI	Straight Line
										("SL")or
										Reducing
										Balance
										("RB")
				Rate		15%	25%
At beginning		ofthe				59,883	64,523		3,482	127,888
year
Disposals
Depreciation						262		580
Impairment
Transfers*
At end ofthe		year				60,144	65,103		3,482	128,729
9.3 Net book value
Net book value at				the		262	1,352			1,614
beginning	of	the	year
Net book value at				the				773		773
end ofthe	year

10.1	Analysis ofdebtors	Analysis ofdebtors
Trade	debtors
Prepayments		and accrued income
Other	debtors

This	year	Last	year
	8,004		4,605
	12,023		9,886
	20,028		14,491

Trade debtors
Prepayments	and accrued income
Other debtors

Accruals for grants	payable
Bank loans and overdrafts
Trade creditors
Payments received	on account for contracts or
performance-related	grants
Accruals and deferred income
Taxation and social	security
Other creditors

	Amounts	falling due	Amounts	falling due after	falling due after
	within one year		more	than	one year
	This year	Last year	This year		Last year
	6	K	f:		f:
	3,686	4,329	3,510		3,110
	129	241
Total

Short	term cash investments	(less than 3 months	maturity	date)
Short	term deposits
Cash	at bank and on hand
Other
Total

This	year f	Last year f
	93,616	96,072

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			and where endowment
			le al power for its conversion
Between	unrestricted	and
restricted	funds
Between	endowment	and
restricted	funds
Between	endowment	and
unrestricted funds

Planned			Purpose ofthe designation	Purpose ofthe designation			Amount
New Fencing Fund	Multiple	donations	received	in 18/19to fund replacment	of external
	fencing	on the site.					903
Curriculum	Donation	received	in 21/22	to support the wider dissemination		ofthe
	school curriculum						7,000
Development	Donation function	received	in 21/22	to help fund the schools the	development		1,600

ln the period the charity has paid trustees reniuneratlon	ln the period the charity has paid trustees reniuneratlon	ln the period the charity has paid trustees reniuneratlon	end benefits.	end benefits.	Please give the amount of, and	Please give the amount of, and	Please give the amount of, and	legal	authority	authority	for,	for,
any remuneration	orother benefits paid toa trustee by		the charity or		any	institution or	company connected		with	It.
						Amounts	paid or benefit	value
						This	ar			Last		ear
		Legal authority	(eg	Remuneration		Pension	Redundancy	omar			TOTAL
Name oftrustee		order, governing document)				contribution	(including loss of
							office)lex

EMMANUEL * CHRISTIAN SCHOOL V OXFORD 01865 395236 1 www.ec$chool.co.uk l admin@ec5chool.org.uk