Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

**REGISTERED CHARITY NUMBER: 1083410** 

**Report of the Trustees and** 

**Unaudited Financial Statements** 

**for the Year Ended 31 January 2025** 

**for Holy Nation Church** 

Williams & Co Epsom LLP Chartered Accountants 8-10 South Street Epsom Surrey KT18 7PF 



Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

**Holy Nation Church** 

## **Contents of the Financial Statements for the Year Ended 31 January 2025** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|10|
|**Detailed Statement of Financial Activities**||11||





Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

## **Holy Nation Church** 

## **Report of the Trustees for the Year Ended 31 January 2025** 

The trustees present their report with the financial statements of the charity for the year ended 31 January 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The primary aim of Holy Nation Church is the advancement of the Christian faith by the furtherance and preaching of the Gospel of Jesus Christ in this world. We seek to fulfil the Great Commission to make disciples of all nations through general church activities and mission work overseas. 

## **ACHIEVEMENTS AND PERFORMANCE** 

## **How we Fulfill our Charitable Aims** 

We fulfil our charitable aims by: general church activities, such as holding Sunday services, midweek home groups and other meetings; carrying out street outreaches; regular trips to work with churches abroad for missional work; running a Discipleship Training Programme; having frequent prayer meetings; running the Children & Youth Ministry; hosting social media accounts and running several social outreaches, such as ministry to the homeless. 

## **FINANCIAL REVIEW** 

## **Where Money and Funds Came From** 

Our funding this financial year has predominantly come from Tithes payments and additionally from Love Offerings given by church members. In particular, this year, our Tithes income increased by approximately 43% on the previous financial year and totalled about £326,000; our income from Love Offerings increased by 1% on the previous financial year and totalled almost £65,000. 

Several factors have contributed to the additional income from Tithes payments this year. Approximately 40% of the increase can be attributed to a rise in one-off gifts received by the Church in the last financial year. In addition, there has been a 34% increase in regular Tithes income from Church members, which is attributed to growth in Church membership and the faithful giving of our members. 

Holy Nation Church remains in a stable financial position with sufficient reserves, and we are thankful to God for His continual faithfulness and provision. 

## **Where / When Money was spent** 

The Church's expenditure of income received from Tithes payments continues to be largely directed towards preaching the Gospel, missions, salaries, ministry costs, and Church events such as Encounter weekends. Rising costs in salaries and compliance have contributed to significant increases in these areas. Moreover, spending on Encounters, Retreats, and Events rose sharply this year, from just under £18,000 in the previous financial year to just under £40,000, due to the higher number of activities held. In addition, expenditure on Evangelism increased substantially as a result of a one-off poster campaign run by the Church on the London Underground. 

Our Love Offering and Gift Aid income has been used primarily for hall hire, as well as the purchase of Church equipment and supplies, and for administrative and event costs. These funds also contributed to the Church's Worship Ministry and Children & Youth Ministry. There was a modest increase in spending across most of these areas this year, due both to rising costs and to the increased number of activities run by the Church. This resulted in a small deficit in the Love Offering account; however, this was fully covered by the account's sufficient reserves. 

In addition, the Church spent just under £50,000 this financial year on overseas mission trips, funded roughly equally through Tithes income and donations made to the Church's missions fund. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 

1083410 

Page 1 



Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

**Holy Nation Church** 

## **Report of the Trustees for the Year Ended 31 January 2025** 

## **Principal address** 

Flat A Napier Hall Hide Place London SW1P 4NJ 

## **Trustees** 

C Groom J Fernandes Mrs M Samuel M Burgess A Nnanyelugo 

## **Independent Examiner** 

Williams & Co Epsom LLP Chartered Accountants 8-10 South Street Epsom Surrey KT18 7PF 

Approved by order of the board of trustees on 24 November 2025 and signed on its behalf by: 

M Burgess - Trustee 

Page 2 



Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

## **Independent Examiner's Report to the Trustees of Holy Nation Church** 

## **Independent examiner's report to the trustees of Holy Nation Church** 

I report to the charity trustees on my examination of the accounts of Holy Nation Church (the Trust) for the year ended 31 January 2025. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form 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 fair view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Paul M Smith 

Williams & Co Epsom LLP Chartered Accountants 8-10 South Street Epsom Surrey KT18 7PF 

24 November 2025 

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Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

## **Holy Nation Church** 

## **Statement of Financial Activities for the Year Ended 31 January 2025** 

|2025<br>Unrestricted<br>fund<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>421,060<br>**EXPENDITURE ON**<br>Raising funds<br>220,737<br>**Charitable activities**<br>Retreats and meetings<br>43,131<br>Foodbanks and donations<br>15,362<br>Evangelism<br>17,107<br>Missions<br>95,715<br>Other<br>7,621<br>**Total**<br>399,673<br>**NET INCOME/(EXPENDITURE)**<br>21,387<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>290,226<br>**TOTAL FUNDS CARRIED FORWARD**<br>311,613|2024<br>Total<br>funds<br>£<br>312,703<br>202,343<br>19,268<br>13,713<br>2,536<br>72,592<br>7,038<br>317,490<br>(4,787)<br>295,013<br>290,226|
|---|---|



The notes form part of these financial statements 

Page 4 



Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

## **Holy Nation Church** 

## **Balance Sheet 31 January 2025** 

|||2025|2024|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**FIXED ASSETS**||||
|Tangible assets|5|28,321|5,970|
|**CURRENT ASSETS**||||
|Debtors|6|14,566|7,520|
|Cash at bank||270,547|276,736|
|||285,113|284,256|
|**CREDITORS**||||
|Amounts falling due within one year|7|(1,821)|-|
|**NET CURRENT ASSETS**||283,292|284,256|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||311,613|290,226|
|**NET ASSETS**||311,613|290,226|
|**FUNDS**|8|||
|Unrestricted funds||311,613|290,226|
|**TOTAL FUNDS**||311,613|290,226|



The financial statements were approved by the Board of Trustees and authorised for issue on 24 November 2025 and were signed on its behalf by: 

J Fernandes - Trustee 

The notes form part of these financial statements 

Page 5 



Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

**Holy Nation Church** 

## **Notes to the Financial Statements for the Year Ended 31 January 2025** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

|Sound equipment & furniture|- Straight line over 3 years|
|---|---|
|Computer equipment|- 50% on cost|



## **Taxation** 

The charity is exempt from tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Hire purchase and leasing commitments** 

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. 

## **2. TRUSTEES' REMUNERATION AND BENEFITS** 

|**TRUSTEES' REMUNERATION AND BENEFITS**|||
|---|---|---|
||2025|2024|
||£|£|
|Trustees' salaries|27,316|25,347|



## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024. 

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Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

## **Holy Nation Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 January 2025** 

## **3. STAFF COSTS** 

The average monthly number of employees during the year was as follows: 

|Trustees<br>Employees<br>No employees received emoluments in excess of £60,000.<br>**4.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>**EXPENDITURE ON**<br>Raising funds<br>**Charitable activities**<br>Retreats and meetings<br>Foodbanks and donations<br>Evangelism<br>Missions<br>Other<br>**Total**<br>**NET INCOME/(EXPENDITURE)**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**|2025<br>2024<br>2<br>2<br>7<br>7<br>9<br>9<br>Unrestricted<br>fund<br>£<br>312,703<br>202,343<br>19,268<br>13,713<br>2,536<br>72,592<br>7,038<br>317,490<br>(4,787)<br>295,013<br>290,226|2025<br>2024<br>2<br>2<br>7<br>7<br>9<br>9<br>Unrestricted<br>fund<br>£<br>312,703<br>202,343<br>19,268<br>13,713<br>2,536<br>72,592<br>7,038<br>317,490<br>(4,787)<br>295,013<br>290,226|
|---|---|---|
|||202,343<br>19,268<br>13,713<br>2,536<br>72,592<br>7,038|
|||317,490|
|||(4,787)<br>295,013|
|||290,226|



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Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

## **Holy Nation Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 January 2025** 

## **5. TANGIBLE FIXED ASSETS** 

|**5.**|**TANGIBLE FIXED ASSETS**||||||
|---|---|---|---|---|---|---|
|||Sound|||||
|||equipment|Motor||Computer||
|||& furniture|vehicles||equipment|Totals|
|||£|£||£|£|
||**COST**||||||
||At 1 February 2024|14,746||-|3,476|18,222|
||Additions|3,477|26,500||1,971|31,948|
||At 31 January 2025|18,223|26,500||5,447|50,170|
||**DEPRECIATION**||||||
||At 1 February 2024|10,258||-|1,994|12,252|
||Charge for year|2,344|6,625||628|9,597|
||At 31 January 2025|12,602|6,625||2,622|21,849|
||**NET BOOK VALUE**||||||
||At 31 January 2025|5,621|19,875||2,825|28,321|
||At 31 January 2024|4,488||-|1,482|5,970|
|**6.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||
||||||2025|2024|
||||||£|£|
||Other debtors||||14,566|7,520|
|**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||
||||||2025|2024|
||||||£|£|
||Taxation and social security||||1,821|-|
|**8.**|**MOVEMENT IN FUNDS**||||||
||||||Net||
||||||movement|At|
||||At 1.2.24||in funds|31.1.25|
||||£||£|£|
||**Unrestricted funds**||||||
||General fund||290,226||21,387|311,613|
||**TOTAL FUNDS**||290,226||21,387|311,613|
||Net movement in funds, included in the above are as follows:||||||
||||Incoming||Resources|Movement|
||||resources||expended|in funds|
||||£||£|£|
||**Unrestricted funds**||||||
||General fund||421,060||(399,673)|21,387|
||**TOTAL FUNDS**||421,060||(399,673)|21,387|



Page 8 

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Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

## **Holy Nation Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 January 2025** 

## **8. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|At 1.2.23<br>£<br>**Unrestricted funds**<br>General fund<br>295,013<br>**TOTAL FUNDS**<br>295,013<br>Comparative net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>312,703<br>**TOTAL FUNDS**<br>312,703<br>A current year 12 months and prior year 12 months combined position is as follows:<br>At 1.2.23<br>£<br>**Unrestricted funds**<br>General fund<br>295,013<br>**TOTAL FUNDS**<br>295,013|Net<br>movement<br>At<br>in funds<br>31.1.24<br>£<br>£<br>(4,787)<br>290,226<br>(4,787)<br>290,226<br>Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(317,490)<br>(4,787)<br>(317,490)<br>(4,787)<br>Net<br>movement<br>At<br>in funds<br>31.1.25<br>£<br>£<br>16,600<br>311,613<br>16,600<br>311,613|At<br>31.1.24<br>£<br>290,226|
|---|---|---|
|||290,226|
|||(4,787)|
|||At<br>31.1.25<br>£<br>311,613|
|||311,613|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>733,763<br>733,763|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(717,163)<br>16,600<br>(717,163)<br>16,600|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(717,163)<br>16,600<br>(717,163)<br>16,600|
|---|---|---|---|
||||16,600|



Page 9 

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Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

**Holy Nation Church** 

**Notes to the Financial Statements - continued for the Year Ended 31 January 2025** 

## **9. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 January 2025. 

Page 10 



Docusign Envelope ID: 6B9D0798-E8FB-4558-A789-8BEA3C3D89A9 

## **Holy Nation Church** 

## **Detailed Statement of Financial Activities for the Year Ended 31 January 2025** 

||2025|2024|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Tithes|227,164|169,736|
|Collections|50,491|46,436|
|Other gifts|143,405|96,531|
||421,060|312,703|
|**Total incoming resources**|421,060|312,703|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Trustees' salaries|27,316|25,347|
|Wages|117,523|97,120|
|Hall hire|40,515|37,837|
|Ministry costs|12,652|18,339|
|Postage and stationery|9,572|8,365|
|Sundries|3,562|13,031|
|Depreciation of tangible fixed assets|9,597|2,304|
||220,737|202,343|
|**Charitable activities**|||
|Retreats|43,131|19,268|
|Evangelism|17,107|2,536|
|Missions|95,715|72,592|
|Gifts and donations|15,362|13,713|
||171,315|108,109|
|**Support costs**|||
|**Management**|||
|Insurance|1,608|1,650|
|**Finance**|||
|Bank charges|1,347|917|
|**Other 2**|||
|Subscriptions|2,000|2,443|
|**Governance costs**|||
|Accountancy fees|2,666|2,028|
|Total resources expended|399,673|317,490|
|**Net income/(expenditure)**|21,387|(4,787)|



This page does not form part of the statutory financial statements 

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