CHARI REGISTRATION NUMBER: 104950 The Emmanuel Trust Financial Statements 31 March 2023
The Emmanuel Trust Financial Ststements Year ended 31 March 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements
Page 1 The Emmanuel Trust Trustees. Annual Report Year ended 31 March 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. Reference and administrative details Registered charty name The Emmanuel Trust Charity registration number 104950 Principal offlce 3 Glenford Way Newtownards Co. Down BT23 4BX The trustee8 Ms E Bell Mr E Bell Mr R Craig Mr J Bailie Mr A Beattie Independent examiner Ms E Mulholland for and on behalf of Johnston Graham Limited Chartered accountant 2161218 Holywood Road Belfast BT41PD structure, governance and management The Emmanuel Trust, which is registered as a charity with the Charty Commission for Northern Ireland, was 8Stablished as a charity by Trust D88d dated 1 October 1998 with the objectiV8s of relief of poverty in India as well as the advancament of education and promoting Christian faith in India. The first trustees were appointed by the settlor of the trust. Additional and replacement trustees are appointed by a simple majority resolution of existing trustees. Truste8s do not have a t8rm of office and ar8 not subject to re-election.
Page 2 The Emmanuel Trust Trustees. Annual Report (contlnued) Year 8nded 31 March 2023 Objectives and activitles The objectives of the Emmanuel Trust are as follows: the relief of poverty in India and elsewhere by means of financial and practical support for community programmes for the young and the poor, the development of and support for local and national agencies dealing with alcohol and substance addiction and the support of local initiatives by Christian churches in India and elsewhere targeted at the poor and disadvantaged., the advancement of education in India and elsewhere by means of financial and olher provision for the estsblishment and operation of educational facllities; and to promot8 the Christian faith throughout the world by means of the provision of financial and practical support for local Christian churches in India and elsewhere. In setting our objèctives and planning our activities for the year, the trustees have given careful consideration to thè Charity Commission for Northem Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. Achievements and porformance During the year. the charity continued to run various sponsorship schemes In conjunction with charities registered in India. Th8s8 are principally Th8 Calcutta Emmanuel Trust ('CES') and Emmanuel Ministries Calcutta ('EMC'), both of which are in Kolkata, India. CES provides underprivileged young people with education. EMC provides a wide range of support including- residential homes for underprivilèged young people, additional after-schools support for childrèn with th8 provision of food, support for those suffering with long-temi illness, a safe-haven for childr&n living on the streets and. a rescue and rehabilitation home for young people suffering from addiction. In setting our objectives and planning our activities for the year, the trustees have giv8n careful consideration to the Charity Commission for North8m Ireland's guidance on public ben8fit to ensure that th8 activities have helped to achieve the charity's purposes and provide a benefit to the b8neficiaries. The funds provided from The Emmanuel Trust were used for a variety of purposes including the provision online learning for th8 pupils at CES and the ongoing support of vulnerable families and young people. Financlal review Incoming resources for th8 year were £36,817 compared to £49,265 for the previous year. Resources expended were £48,436. The Statement of Financial Activities shr)ws a deficit of £11,619 and reserve funds at 31 March 2023 of £17,883. The trustees have not set a minimum level of reseNes as all expenditure Is current discretionary. The trustees regularly review the level of reSoUrS held and consider opportunities to apply them in line with and in furtherance of it5 charitable objectives.
Page 3 The Emmanuel Trust Trustees. Annual Report (¢ontinu•dJ Year ended 31 March 2023 Plans for future periods The charity will continue to build on the successes to date in the coming year by continuing to support the charitable activities in India. Responsibilbties of the trustees The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statemenls in accordance with United Kingdom Gen8rally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a Irue and fair view of the state of affairs of the charity and the income and expenditure of the charity for that period. In preparing these financial statements, th8 trustees are required to: select suitable accounting policies and than apply them consistently., obs8rv8 the methods and principl8s in the Charities SORP., make judgements and accounting estimates that are reasonable and prudent., state whelher appli¢abl8 accounting standards have been followed, subject to any mat8rial departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitS trarlsactions and disclose with reasonable accuracy at any time the financial position ol the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, annual report was approved on 10 January 2024 and signed on behalf of Ihe board of trustees by: MrA Trustee
Page 4 The Emmanuel Trust Independent Examiner's Report to the Trustees of The Emmanuel Trust Year ended 31 March 2023 I report to the trustees on my examination of the financial statements of The Emmanuel Trust (Ihe charity.) for the year ended 31 March 2023. Responsibilities and basls of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008 (the '2008 Act.). You are satisfied that your charity is not required by charity law to be audited and have Ghosen instead to have an independent examination. I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In Garrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under sedion 65{9)(b) of the 2008 Act. Independent examlnerfs statement I have completed my examination. I confim that no matters have come to my att8ntion in connedion with my examination giving me Gausè to believe that in any material respeGt'. accounting records were not kept as required by with section 63 of the 2008 Act. or the financial statements do not accord wilh those records,. or the financial statements do not comply with the accounting requirements of the 2008 Act", or the financlal statements do not compty with the applicable requirements conceming the fom and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and faiv view which is not a matter Considered as part of an independent examination. I confimi that there are no other matters to which your attention should be drawn lo enable a pioper understanding of the accounts to be reached. Ms E Mulholland for and on behalf of Johnston Graham Limited Chartered accountant Independent Examiner 2161218 Holywood Road Belfast BT4 1PD
Page 5 The Emmanuel Trust Statement of Financial Activities Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Income and endowments Donations and legacies Investment income 5,790 31.019 36.809 49.265 Total income 5,798 31,019 36.817 49.265 Expenditure Expenditure on charitable activities Total expenditure 12.062 36.374 48,436 46,195 12,062 36.374 48.436 46,195 Net (expenditure)lincorne and net movement in funds {6,264) (5,355) (11,619) 3,070 Reconciliation of funds Total funds brought forward Total funds carried forward 5,901 23,601 29.502 26,432 29,502 {363} 18,246 17,883 The ststement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 11 forni part of these flnancial statements.
Page 6 The Emmanuel Trust Statement of Financial Position 31 March 2023 2023 2022 Nole Current assets Debtors Cash at bank and in hand 9.841 9.102 9,048 21.515 18.943 30,563 Creditors: amounts falling due within one year Net current assets 10 1,060 1.061 17,883 29.502 Total assets less current liabilities 17.883 29.502 Net assets 17,883 29,502 Funds of the charity Restricted funds Unr8Stricted fvnds 18,246 (363) 17,883 23.601 5.901 Total charlty funds 11 29,502 These financial statements were approved by th8 board of trustees and authorised for issue on 10 January 2024, and are signed on behalf of the board by: Trust88 The notes on pages 7 to 11 form part of these finan¢lal statements.
Page 7 The Emmanuel Trust Notes to the Financial Statements Year ended 31 March 2023 General Informatlon The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is 3 Glenford Way, Newtownards. Co. Down, BT23 4BX. Statement of compliance These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (Charities SORP (FRS 102)} and the Charities Act {Northern Ireland} 2008. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properti8s measured at fair value through income or èxp8nditure. The financial ststements are prepared in sterling, which is the functional currency of the entity. Going concem There ar8 no material uncertainties about the charity's ability to continue. There was a small deficit on unrestricted funds at 31 March 2023 but the Trustees are confident that this position will be addressed in the current year. Disclosure exemption5 The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 ofFRS 102: (a) No cash flow statement has been presented for the company. (b> Disclosures in respect of financial instruments havè not b88n presented. Judgements and key sources of estimatlon uncertainty The preparation of the financial statements requires management lo make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on èxperience and other factors, including expectstions of future events that are believed to be reasonable under the ¢ir¢umstances. Fund accounting Unrestricted funds are available for us8 at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the t8m)s of an appeal, and fall into one of sub-classes: restricted income fund5 or endowment funds.
Page 8 The Emmanuel Trust Notes to the Financial Statements (¢ontlnugd) Year ended 31 March 2023 Accounting pollcles (continued) InGoming resources All incoming resources are induded in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount In be reliably measured. The following specific policies are applied to particular categories of income-. income from donations or grants is recognised when there is evidenGe of entitlement to the gfft, receipt is probable and its amount can be measured reliably. legacy income is racognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the gi)ods unless this is impractical to measure reliably. in which case the valu8 is derived from the cost to the donor or the estimated resale valu8. Donated faGilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of seNi¢es is recognised with the delivery of the contracted seNice. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and rètumed if unspent, in which case it may be regardad as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates-. expenditure on raising funds includes the costs of all fundraising activities. events. non-charitable trading activities, and the sale of donated goods. expendibjre on charitable activities includes all costs incurred by a charity in undertaking activities that fvrther its charitable aims for the benefit of its beneficiaries, including those support costs and Gosts ralating to the govemance of the Gharity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising ndS for the charity nor part of its expenditure on charitable activities. All Costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis.
Page 9 The Emmanuel Trust Notes to the Financial Statements (continuèd) Year ended 31 March 2023 Donations and legacles Unrestricted Funds Restricted Total Funds Funds 2023 Donations Calcutta Emmanuel School Pauline Bhawan Anandaloy Worker General Sealdah Ststion 8,829 15.750 3.232 1.618 8,829 15,750 3.232 1,618 5,790 1,590 5,790 1,590 5,790 31,019 36,809 Unrestricted Funds Restricted Total Funds Funds 2022 Donatlons Calcutta Emmanuel School Pauline Bhawan Anandaloy Worker General Sealdah Station Crisis Fund 10,570 20,251 3,670 1,803 10,570 20,251 3.670 1,803 11,075 1,453 443 11,075 1,453 443 11.518 37,747 49,265 Investment income Unrestricted Total Funds Unrestrided Total Funds Funds 2023 Funds 2022 Income from cash investments Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Fund5 2023 Charitable activities 12,062 36.374 48,436 Unrgstricted Funds Restricted Total Funds Funds 2022 Charitable activities 10,739 35,456 46,195
Page 10 The Emmanuel Trust Notes to the Financial Statements (eontlftuedj Year ended 31 March 2023 Expenditure on charitable activities by activity type Activities undertaken Total funds directly 2023 Total fund 2022 Charitable aGtivitie5 48,436 48.436 46,195 Trustee remuneration and expenses No trustees rgceived remuneration or other benefits through employment of the charity. Debtors 2023 2022 Other debtors 9,841 9,048 10. Creditors: amounts falling due withln one year 2023 2022 Accruals and deferred income 1,060 1,061 11. Analysis of charitable funds Unrestricted funds At 51 March 202 At 1 April 2022 Income Expenditure General funds 5,901 5,798 {12,062) (363> At 31 March 202 At 1 April 2021 Income Expenditure General funds 5,122 11,518 110,739) 5.901
Page 11 The Emmanuel Trust Notes to the Financial Statements (contlnued) Year ended 31 March 2023 11. Analysis of charitable funds (continued) Restricted funds At 31 March 202 At 1 April 2022 Income Expenditure Calcutla Emmanuel School Pauline Bhawan Anandaloy Worker Sealdah Station 6,787 13,500 1,374 1.107 833 8,829 15.750 3,232 1.618 1,590 (11.209) 120,326) (3,439) 4,407 8,924 1,167 2,725 1.023 (1.400) {36.374) 23,601 31,019 18,246 At 31 March 202 At 1 April 2021 Income Expendilure Calcutta Emmanuel School Pauline Bhawan Anandaloy Worker Sealdah Station 6,403 11,706 1,109 1,014 1,078 10,570 20,251 3,670 1,803 1,453 (10.186) (18,457) (3,405) (1,7101 (1,698) (35.456) 6,787 13,500 1,374 1,107 833 21,310 37.747 23,601 12. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 1,816 (1.060) 756 18.246 20,062 (1,060) 19.002 18,246 Unrestricted Funds Restricted Total Funds Funds 2022 Current assels Creditors less than 1 year Net assets 6,961 (1,060) 5,901 23,601 30,562 (1,060) 29,502 23,601