.9,* EMMANUEL * CHRISTIAN SCHOOL TrHEfKV OXFORD ANNUAL REPORT & ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 EMMANUEL CHRISTIAN SCHOOL ASSOCIATION" ity T4WDQ ¢hoftgedto Errimrnl Qn*tian 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|insurance
ct insurance| |---|---|---|---| |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|land|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| ||'0|||0
IO|CD|||||||||CI|0
O
Io|OD
I0||0I| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||C
IC||g
000 E ?
~a00
J 0 v||||W|||||||||0&||CI| ||ICL
00||||'0
C|0
0||||||||||||| ||0||||IO
C
IC|IO
00||||||||||||| |||||||IO||||||||||||| |||||||C
N||||||||||||| |||||||ICI-||||||||||||| ||0.C|||||'0|||||||||O
O
W
I«I|C0
lo
I||| ||0|||||CI
CL||||||||||||| ||C|||||IU||||||||||||| |lD0
I0
CL|CI
8.C
lS|||||E0
0C|W|||||||CIO
CI||||| |QI
C|w0|||||||||||||||||| |0
CL0
IZ|IO0
I|||0 N
IO
0 0I
C
a0'||+L
IC
0||||I0
CI
CO||||||||| |IU|lDC||||||||0|||||||||| |U
Cl||||||||0
0I|C0|||||||||| |C
I
'0
'0
0
'O
0|0
C0
UI
lDC||||IO
0
'Q
0
Cl
00
0.
I
o.|||Io
'0
P
IO
C0
ICC
"00
Cl
0|C
'0
0
IC
0
0
0
0
CL
I
C
v-|IO||0
0
00Z
Cl
IO0
40
C0
IC
IC
IOr
0
IL|NO
IU
ID
0
0
ICC
E0
IO
'0I|0|0IJ
ID
'CU
O
0
CI
EIL0
Cl|||| |0'0||||CI IU||||||||||||||| |||||Dm
o|||||||||||||IC|| |IC||||IL gg|||||||||||||Z|| |I||||||||||||||||||| |Cl0
E
00
0
CI|V
«|0
C|||||CI
E
C
'O
C
U|||C0C0
ILIZ|ID
E
IO
C)
ol
C'0
Io|0C
lL||U
0|L
CI
E
CL00
0|ID?
CI
IL'
IC0L
IDV|lDC
L0
0|| ## ## ## ||||Reason|for|transfer|and where endowment|is converted to income,|Amount| |---|---|---|---|---|---|---|---|---| |||||||le al power for its conversion||| |Between|unrestricted|and||||||| |restricted|funds|||||||| |Between|endowment|and||||||| |restricted|funds|||||||| |Between|endowment|and||||||| |unrestricted
funds||||||||| ## |Planned|use|||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