Charlty Registration No. 1102293 Company Registration No. 4942206 (England and Wales) EVERY NATION LONDON ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 ¢*UZiW910* 0410312022 COMPANIES HCIJSE EVERY NATION LONDON LEGALANDADMINISTRATNE INFORMATION Trustèes W EckJeb8n C Lugt W Schc(Jnraad P Howell S•cr•tary T Sheppard Charity numb•r 1102293 Company number 4942206 RegSstered office Clo Futharn Boys Sehod 9 Beaumont Avenue London W14 9LP Audltor Jacob Cavenagh & Skeel 5 Robin H￿)d Lane Suti Surrey SM1 2SW Bankers Ba￿layS Bank P Unrted Kingdom Fknuse 7th Fboor 180 Oxford Street London W10 1EA EVERY NATION LONDON CONTENTS Page Trusl8es' report Independent auditorfs report Statement of financial.acbvities 10 Balance sheet 11 Statement of cash flows 12 Notes to the financial ststements 13-25 EVERY NATION LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT> FOR THE YEAR ENDED 30 JUNE 2021 The trustees present their annual reFX)rt and financial statements for the year ended 30 June 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 10 the financial slalements and compty with the charity's Memorarmlum of AssO￿a￿"0n, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities preparing their accounts in aCCordar￿e with the Finanoal Reporting Standard applicatrAe in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20191-. Oblectives and activitles The activities of the eharity are for the public benefft according to the objeclives as sel out tn the Memorandum and Articles of Association as accepted on the hventy third day of October 2003. In summary the objectives of the charity are to"advance the Chrislk4n faith" 'lo advance 8du¢alion in accordance with Christian principles. and "to relieve persons who are in condrtions of need arKI hardship.. The trustees. policy is to ensure that the resources available to the eompany are effectively administered to the fuifilmenl of the intent of Ihe obieclives of the Memorandum and Articles of Assooatson, and in accordance with the requirements as preseribed by the Chanty Commission. These obJ&kn"ves remain unchanged. and in planning the activities the Charity has taken into consideration the guidance of the Charity Commission in providing public benef Our cor• activities Our slated mission lo fulfil our legal objectives is simpty 70 glorify God by maknng discffples and making 8 difference.. in the city, on campuses. in our Communit￿S. and in Ihe nat￿$ through church pl8nting." Al our core aclivities a￿ towards this end, and include- Gathering.. Congregation gatherings in three Ioc81ions". Wesl Kensington. Strafford, and Slough. Connectlng: Community Connect Groups that meet aLYOSS London. Growing- The Follow Course. an inlentional three-partjoumey by which we help all who d8sire to know God and grow in their faith. Going: To fulfil the mission of the church to make diSryp￿ and make a difference. In addition. we have an adive chiklren's. ywth. and student ministry. and run [￿jraMS to strengthen marriages and families. Beyond our local Cong￿ationS we are actively involved in equIp￿ng and supporting other churthes across Europe with ministy skn'115 training. resourcing. and leadership development and support. We are confident that our focus on Ihe5e ¢))re actiwbes is resultin9 in Ihe strong fvj1filn￿n¢ and advawng our mission. Achi•vements and perf0m￿nce The Covid pandemic disrupted many of our plans for 2020. tmll we were able to quickly and effeclivety move all our ministry functions online and have seen all aspects of discipleship continue lo function and even flourish through the various online plaffomis we have utilised. Specthcalty, this year.. 'Unhindered" was 8 significant word for us during all the chaltenges that the Covid lockdown brought. While Covid forced unprecedented changes to Ihe way we were able to deliver ministry. we thankfully discovered that our mission was crystal clear. and while Our Mel￿)dS changed. the missM)n remained exaclty the same and continued 'unhindered'. We pivoted to tske all OLhr Sunday services. Fdlow Courses, Connect Groups elc online, and simpty kept "making disciples and making a drfference". The fruit and growth during this lime has been very encouraging. with an inerease over virtualty all our key metrics. Ouring the pandemie we foeussed on supkK)rting some key servKe providers h'ke the Fwdbank, as well as families and indNMluals who were struggling financiawy during these difficull times. EVERY NATION LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 We continued lo invest in the GOEUROPE2040 wsicm. which is Ihat by God's grace we will plant a eampus- reaching church in every European nation by 2040". In partnership with our Europe Every Nation churches. we saw some $ignrfJcant chur¢h planting aetivty. with new work$ started fft Lisbon. Glasgow, Zagreb and Cyprus. In the Wesl Kensington Congregat￿n. we were able to secure a thrt48rm licence to occupy the building at 9 Beaumont Avenue where we had previously been renting space from the Fulham Boys School. This allowed us lo start onwte service in a very strong way and has resulted in signif￿ant new mornenlum. We only have ten-week notice period for this a￿angernent but are makj.ng pro￿￿15 to extend this through a new lease. Looking back over this Covhl year we are very encouraged by the abifity we f￿1nd to adapt to changing circumstances wilhoul losing missional momentum. We I￿ve continued to experience growth across many areas. and we are confident that the mission wil be able to continue unhirKJered in the nexl season. whatever challenges it may hold. Financial review The Ministry is entirety dependent on the freewill giwng of the members of the congregation. We received some restricted ftjnding specifically for our European ministy frcrfn a trust fund and continue to look for further partnerships specifically for this aspect of our ministry. Gross income remained relalivefy the same compared lo the preV￿uS year. aThJ we ended the financial year with £354,772 surplus overall. Dunng this financial year all our Congregations not need lo pay for Sunday venue rentsl, which reduced these costs signrficandy. We continued to ensure that we were operating on a tight budget wrth regards lo overheads and ended the year on ￿dgeL Across the tM)ard expenditure was generally similar to the prèvious year. Allocation of ineome Our general guidelines for givlng allocalion from gross church this year were as follows: 10% of gross church income is set aside for SUPPOTting the greater Every NalFon vision. ha￿ IS°hl of which is used for regional European aposldic ministy, arKI hair for the intemat#)nal apostolic ministry. all of which is in alignment with our stated objectives. The Direclors confim that the activities of both the Every Nation European and Inlernational ministry that we sUpF￿rt with these monies are fijlly in line with the stsled objectives of our charity. Every Nats"on InlematK)nal is acrxedited by the Evangelical Council of Financ￿1 Accountability in the USA, wrth the financial statements and activities published for public access an(J scrutiny al YMv.ecla.org. We reeeive quartedy ￿pOrtS from the Intemational lunds to account for income they have received from us. The EN International A￿)stOl1¢ Team re￿IVeS an annual report which rrKJnilors and directs the use of Inlemational finances. Each congregation further contributes 15% of gross income to a central department fvnd which funds all the activities and ministries which we deem lo be more effectively done in synergy, rather than as individual ngregations. These specifically indude the financial administration. senior oversighl. website. database. HR funct￿nS, combined events. missions and.church planting initiatives. The remainder of each congregation's funds are used direcuy towards local congregation ministry costs. EVERY NATION LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 Reserves We aim to hokl a general unrestricted resefve fuTrJ {the contingèncy fuThJ) of £70.000. which is roughly equivalent to three monlhs. worth of operaling budget. This is deemed necessary for ensuring uninterrupled contsnuity ol the activities of the company since the regular Itlhe5 and offerings are not in any way guaranteed. In the event that this contingency lund drops bek)w Ihis agreed minimum. our policy to reset this contsngency fund lo this level al the 8nd of every financial year frL¥n unrestricted reserve funds. In addition lo the reslricled pro￿Tty fvnds. we also have an unresiricled fund "Community Presence Fund" lapproximafety £310.OOO> which consists of a small percentage of general lunds saved in previous years and set aside for initiatives and opportunikn.es that arise for the purchase. kase, rent or refvrbishment of property by which we are able to n￿re effectivety establish a Kingdom presenc8 in the heart of the cofflmunity. The European Churches Fund was in pwtive 30 June 2021. as shown in nole 14. At the end of the year, the tharity had totsl reserves of £881,354, of whith £122,949 were restr￿ted, £379,088 were desonated and £379.317 were general unreslricled fur￿$. Grant making policy Every Nation supports new churth plants in Europe wthich are being planted by Every Nation churches in Europe. The amounts and lengths of suptM)rt are decided by the trustees based on infomiation provided by the churches. We do this because of our convich.on that planting new churche5 ￿ one of the most effective ways of advancing the objectives of our charrty in the gre8ter European context. Risk management The directors together with the Finance Board actively consider the risks that the company fa￿S on an ongoing basis and implement procedures and controls through the slaff lo manage and miligale Ihose risks as Ihey are idenlthed. Safeguarding dsks.. The Health and Safety, Chdd Protection. and Data Protection functions are set and monitored by appointed officers. Financial risks: In the light of the conwslency of our inm levels over the past few years, and our reserve funds held. w6 do not currenlly foresee any factots that are likety to wt the charivs financlal performance al Future plans We believe that our core activities are delivering strongly in fuffilling our rnis*on, and therefore our main focus is lo continue ¢￿)centratIng on nJnniThJ Ihese well. Areas in which we wll be seeking lo advan￿ and add in this financial year and going forward include". 1.ln our Wesl Kensington eongregation we will be activety seekn.ng to seeure a k)nger4em) lease on the whole or part of the building at no 9 Beaumont Avenue. in order to establish an active kncal community centre there. We already have several local clubs. ineluding the b)cal Scouts and boxing dub. using our venue weekly. Our reserve funds are held for this purpose and we continue to save for this purpose as we are able. recognislng that this will require a vast sum in LorKlon where we believe we are called to be present as a church. 2. We will be actNely invofved through leadership. finan￿$. and missions in supporbng a number of new ch4Jrch plants in Europe, induding the Nelhertands. Glasgow, Romania, and Portug81. 3. In summer 2022 we will be sendin9 Our Sk)wh congregation leadets lo lead a new thurch plant in Cardiff. EVERY NATION LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 Budget for 2021122 The buttgel sel for the next financial year 2021r22 was largety unchanged from the pre¥￿)uS year. except for inflationary increases to saL4ries. and the increased costs for the woperty ￿ase of Beaumont Avenue. The board and eklership are confident that the new t#Jdget rellects the ministy priorities for the next year. Structure. govèrnance and management The charity is controlled by 115 governirKJ do(yJment, the Memorandum and kncles of Association. and con$tilul8$ a limited company. limited by guarantee, as defined by the Companies Act 2006.. The trustees, who are also the directors for the Pufpose of company law. and who served during the year and up to the date of signature of the fmancial statements wwe- W Ecklebon C Lugt W Schoonraad P Howdl The 8oard of Directors appoints new diredors for renewabk terms of three years. We use resources produced by Stewardship SeThices lo induct new trustees and for ongoing trustee training. The Trustees of Every Nation London consist of a seleclK)n of members of the Eklership and Finance Board. Our church Eldership ovefsees the overall spiiitual leadership direction of the church. and our Finance Board oversees and monitors the finance management and reporting. This ￿ar the Eldership consisted ot Liz Lugl (Chairperson of the Eldership) Alex Lugl Wdfyang Eckkben Alison Eckleben Daniel Smart Amanda Smart This year the Finance Board ￿nsIsted of. in addition to the Dwectots.. Mr Paul Howell IChaiTperson) Mrs A Schoonraad Mr Matt White Mrs Terry-Lin Sheppard is also appoKrted as an advisor lo the board and is contracted to cornp￿te all finan￿ reporting. Staff and volunteers Both the Eldership and Finance Board delegate executive fvnctrjns to the senior pastors and ¢cngregation pastors (Andrew Holmes & Greg Ajbrechtl. who lead the slaff aThJ volunteers lo fu￿1 the mission. The Finance Board and coNJregation pastors comprise Ihe key rnanagerr*nt per￿n￿l of th8 church. Most of the work of the charity is done by many committed volunteers and we employ a number of staff in full- lime and part-time positions for a variety of pastoral. missional arjd administrative funetffis. Average number full lime staff for this peri$￿￿.. 9 Average number of part-lime stsff for this per￿1. 2 Average Partner supported staff (￿th part support frijm Every Nation}.' 7 Intems= 1 EVERY NATION LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 Remuneration All salaries, remuneratiM and benefits deusiorts are made by the Finance Board. Pay grades of variou5 employment levels have been set by compafisons with Various churche5 remuneratbon reports, and comparative jobs in the wKfjgr market. Salary revws take place as part of the annual budget SO￿.ng exercise. and all increases are based on perfom)ance reports from staff reviews. Any decisions reL3ting to the senior pastors of their relatives. is maje by the 8oard in their abSer￿e. Wlder nèiwork Every Nation London is part of the wofld-wde famity of Every Nation Churches and Ministries, whose st*ed "ends" is that Ive exist lo honour God by eslablishirKJ Christ)mpany's members as a body. for our audr( work, for this report, or for the opinions we have formed. Paul Newton FCA IS•nior Statutory Auditor) for and on bahalf of Jacob Cavenagh & Skeet Chartered A¢Gountants Statutory Auditor 5 Roknn Hc(MJ Lane Sutton Surrey SM12SW EVERY NATION LONDON STATEMENT OF FINANCIALACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2021 unrestrict￿ Restrid¢d funds funds 2021 2021 Total Unrestrict•d R•$trided lunds funds 2020 2020 Total 2021 2020 Notes Donations and legacies Charitable aclivrties 1.173,371 114 283.789 1.457.160 114 875.632 19,354 231.417 1.107.049 19,354 Totsl inGome 1,173,485 283,789 1.457.274 894,986 231,417 1,126,403 Ex Charitable activities 834,547 267.955 1,102,502 841.663 230.043 1,071.706 Nel incoming resources bofofe tran$fors 338,938 15,834 354.772 53.323 1.374 54.697 Gross transfers betsveen funds 1.500 11.5001 Nel incorne for the yearl Net movement in funds 340,438 14.334 354.772 53.323 1.374 54.697 Fund balances at 1 July 2020 419,467 107.115 526.582 366,144 105,741 471,885 Fund balances at 30 June 2021 759.905 121.449 881,354 419,467 107.115 526.582 The stalemont of financial adiwties indudes all gains and losses recognised in thg year. All income and expenditure derive from continuing activi1￿. The ststement of financial aclivitses also complies with the requirements for an income and expenditure account under the Companies Act 2006. 10- EVERY NATION LONDON BALANCE SHEET ASAT30 JUNE 2021 2021 2020 Notes Flxed assets Tangible assets Current assets Debtors Cash at bank and in hand 38.077 31,381 10 35.767 909.586 43,077 498,928 945.353 542,005 Creditors: amounts falling due within ono year 11 (102.0761 146.8041 Net current assets 843,277 495,201 Total assets loss ¢urr•nt Ilabllltles 881,354 526,582 Income funds Reslricled funds Unrestricted lunds Designated funds General unrestricted lunds 15 121.449 107.115 14 379.088 380.817 325.281 94.186 759.905 419.467 881,354 526,582 These financial statements have been prepared in ac(>)rdance with the provtsions applicable lo companies subject lo the small companies regime. rin menls were approved by the Trustees on ....... .. W Eckleben Trustee Company Regbstratlon No. 4942206 EVERY NATION LONDON STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2021 2021 2020 Notes Cash flows from op8ratlng activities Cash generated from operations 18 435.140 80.321 Investing activities Purchase of tsngible fixed assets Proceeds on disposal of tsngiiAe ftted assets (24.4821 (16.2641 2,341 Net Cash used in investing activities {24.4821 113.9231 Net ¢ash u￿d in rKba￿iTr9 activities Net inciease In ¢a$h and ¢a$h ￿￿1Valents 410,658 66,398 Cash and cash equivalenls al beginnin9 of year 498,928 432.530 Cash and cash equivalents al end of y•ar 498,928 12- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Accounting pollcies Charity Infom￿l10n Every Nation London is a private company limited by guarantee incorporated in EThJland and Wales. The gislered office is Clo Fulham Boy5 School. 9 Beaumont Avenue. LorKlon. W14 9LP. 1.1 Accountlng ¢onvontlon The financial ststemenls have been prepared in accordance with the charity's Memorandum of Association, the Companjes Act 2(X)6 and "Accounting and Reporting by Charities.. Slalement of Recommended Praetiee applieable to charities preparing their aeeounts in accordance with the Financial Reporting Standard applicable in the UK and Repubb'c of Ireland IFRS 102) leffective 1 January 2019}". The charity is a Public Benefrt Enlty as defined by FRS 102. The financial ststements are prepared in slerfing. which is Ihe functwal currency of the charity. Monetary amounts in Ihese finanu81 ststements are rounded to the ne8re$t £. The financial ststements have been prepared under the historical cost (￿nventiOn. The prinapal accounting policies adopted are set out below. 1.2 Golng concern Al the time of approving the finanual stslemenls, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable fvtur8. Thus the trustees continue lo adopt the going concem basis of accounting in preparing the financial slalements. 1.3 Charitable lunds Unrestricted funds are available for at Ihe disuelion of the trustees in furtherance of their charitable objectives. Reslricled lunds are subject to specffic condits.ons by donors as to how tsy may be used. The purposes arKI uses of the restricled funds are set wt in the notes lo ￿ financial statements. 1.4 Incoming resources Income is recognised when the charity is legalty entstled to it after any perfom)ance condits'ons have been mel. the amounts can be measured reliably. and rt is probable that income will be recewed. Cash donations are recc*Jnised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions wuire deferral of the amunl. Income tax re￿erable in relakn.on to donalh)ns reeeived under Grft Aid or deeds of C￿nant is recognised al the lime of the donat￿n. Lega¢i95 are recognised on receipt or otherwise if the thanty ha5 been notffied of an impending distribution, the amount is known, and receipt is expected. If the amtyjnt is not known, the legacy is treated as a contingent asset. The charity has relied significanty upon volunteers in carrying out its activibes during the year, particular l¢xal ChU￿h adivilies. In accordanc* paragraph 6.18 of the SORP. the rol8 of volunteer5 has not been recognised as income from donated seNi¢es in the a￿o￿nts. 13- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 A¢counting policles (Continued 1.5 Resources expended Expenditure is recognised On￿ there is a legal or constructive obltrgation lo transfer economic benefit to third party. it is probable that a transfer of economic beneflts will be required in settlement, and the amount of Ihe Obligati￿ Can be measured reliabty. Expenditure is classified by adivity. The costs of actsvity are made up of the total of direct costs and shared costs, including support costs involved in undemaking each activity. Direct costs attributable lo a single activity are allocated directfy lo that actiwty. Shared costs which c¢)nlribule to more than one activity and support cosls which are nol attributab￿ to a single activty are apportioned be￿een those activities on a basis consistent with the use of resources. Central staff costs are alocated on the basis of lime spent. and depreciation charges are allocated on the pOrt￿n of the asset's use. Grants payable are recognised at the earlier of when they are paid or become ￿nStruCtive obligations. The nature of the work of the church is conshlered to be so integrated that the core charitable activity costs are considered to be for the one activty. The support costs attributable to the fvndraising activity are considered minimal. Nelhertheless an allocation has been shown in Note S lo the accounts. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at eosi and subsequently measured al cL)st or valuation, net of dewecialion and any impwm￿nI losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the follwng bases.. Planl and equipment Fixtures and fftbngs Computers (￿er 4 years Over4 to 5 years Over 3 years The gain or loss arising on the disposal of an asset is éetemiined as the difference belween th8 sale proceeds and the carrying v￿ue of the asseL arxj is recogNsed in the slalemenl of financial aetivilies. 1.7 Impairment of fixed assets At each reporting end dale, the tharity reviews the carrying amounts of its tangible assets to delemine whether there is any indication that those assets have suffered an impairment loss. If any such indicats'on exists. the recoverable am￿nt of the asset is estimaled hi order to delemiine the extent of the impainnent loss lif any). 1.8 Cash and cash equlva18nts Cash and cash equivalents indude cash in hand. deposrts held at call wrth banks, other short-lem liquid investments wth original maturities of three months or bess. and bank overdrafts. Bank overdrafts 8re shown within borrowngs fft current liab4rt￿. 14- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 Accountlng pollcles (Contlnuedl 1.9 Financial instruments The charity has elected to appty the provisions of Section 11 'Basic Financial InStru￿nts. and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of rts financial inslrumenls. Financial instruments are recognised in Ihe chariVs balance sheet when the charity becomes party lo the contractual provisions of the instrument Financial assets and liabilities are offset. with the net amounts presentgd in th8 financial slalements, when there is a legally enforceable right to set off the reC(￿niSed amounts and there is an intention to settle on nel basis or lo realise the asset and setde the liabih'ty *mulianeousty. Ba$lc Ilnan¢lal ass•ts Basic financial assets. which indude deblors and cash and bank balances. are initially measured al transaction price including transacti￿ costs and are subsequenliy carried al amortised cost using the effeclive interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al the present value of Ihe futu￿ ￿eipts discounted al a market rate of inlerest. Finanual assets classified as receivable one year a￿ not amortised. Bèslc flnanclal Ilablllties Basic financial liabilities. ￿nclUdIng cxeditors and bank loan5 are initially recognised at transaction price unless the arrangement con51itules a finanung transadK)n. where the debt instrument is measureé al the present value of the fvtufe payments discounted al a markel rate of interest. Financial liabihlies classified as payable wthin one year are not an￿￿se￿. Debt instruments are subsequenly carried al amth.sed cost. usir*J the effective interest rate method. Trade creditL¥s are obligations to pay for gXKls cff serv￿5 that have been aequired in the ordinary course of operations from SUpp￿"erS. Amounts payable are classif￿￿ as current liabilitse5 rf payment is due within one year or less. If not, they are presented as non-current l￿bilIties. Trade creditors are reco9nised initially al transaction price and subsequently measU￿d al amortised using the effective interest method. Derecognitlon of Ilnan¢lal Ilabllftles Financial liabilities are derecognised when the charity's contractual c&ligations expire or are dischaiged or ancdled. 1.10 Employee beneflts The cost of any unused holiday ents"tlemenl is recognised in the peri¢)d in which the employee's serv¢ces are received. Termination benefits are recognised immediately as an expense when the chafity is demonstrab committed to terminate the emphjyment of an employee or lo provide lemiinalion benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due. 15- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 Critical accounling eslimal•s and judgements In the applicalion of the tharity's accounting ￿rt)￿tIeS. the trustees are required lo make judgements. eslimales and assumptions about the carrying arrmxjnl of assets and liabilities that are not readily apparent from other sources. The ests"rnates and associated assUmpt￿n$ are based on historical experience and other factors that are con%dered to be relevant. Actual results may differ from these estimates. The estimates and UnderlYw￿ assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estsmate is ￿￿Sed where the revision affects only that period, or in the period of the revision and future periods where the revision affects bolh currenl and future periods. Oonations and kga¢ies Unrestricted Restricted fvnds nds Total Unreslrboled Restricled frjnds funds Totsl 2021 2021 2021 2020 2020 2020 Donations and &4fts Tax recOVera￿e 974.687 198.684 281.041 2.748 1355,728 201,432 732.124 143,508 229,895 1.522 962,019 145,030 1.173.371 283,789 1.457,160 875.632 231.417 1,107,049 16- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 Charitable activities Dii•¢t ¢os¢s Grants payable 2021 Support costs 2021 Total 2021 2021 Local Church Community, Youth & lQds Campus Ministry Ministry Equipping Missions & Church Planting Inlemalional Ministy Support 509.341 68,792 53.240 68.180 83,354 37.714 182.655 691,996 68,792 53,240 68,180 125,729 94,565 42.375 56,851 820.621 99.226 182,655 1.102,502 Dirert costs Grants payable 2020 Support ¢osls 2020 Total 2020 2020 Local Churth Community, Youth & Kids Campus Ministry Ministy Equipping Missions & Church Plantsng International Ministry Support 495.Crf)O 63.258 55.056 84.332 68.784 55,425 179,354 674,354 63,258 55.056 84,332 96,809 97,897 28,025 42,472 821.855 70,497 179.354 1.071.706 17- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 Grants payable Institulions Individuals 2021 2020 Inlemational Ministry Support Missrons & Church Plantsn9 Relief of Poverty Education 56.851 12.842 10,458 56,851 26,085 16,290 42,472 17,671 8,854 1,500 13.243 5.832 80.151 19.075 99,226 70.497 For the year ended 30 June 2020 55.036 9.769 2021 2020 The main grants were made lo.. Every Nation Church Inc, Bren1w(￿, Tennessee South African Children's Chafitsble Trust Every Nation Philippines Fulham Boys School Othor institutiona support (under £1.OC()I 56.851 3.900 1,225 42,472 3.61XJ 1,225 1,SC 12.010 16,675 80,151 60,807 Support cosls Support Govemanc• 2021 Support Governance costs 2020 Property IT & Telecoms HR & General Aceounling 76.166 6.047 82.373 12.669 76,166 6,047 82,373 12.669 67,138 7.691 91,467 7.778 67.138 7.691 91.467 7.778 Audit fees 5.400 5,280 5.280 177,255 182.655 174.074 5.280 179.354 Analysed betsveen Chartsble activities 177,255 5.400 182.6SS 174.074 5,280 179,354 18- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 Trust••$ Mr W Eckleben was paid £50.04212020.. £48.2421 plus pension contn"butK>ns of £4.884 {2020.. £4.8121 in his capacity as a Senior Pastor. and not as a trustee. as permitted by the governing document. A Eekleben, his spouse. was also paid £43.08512020.. £41,285) plus pension contributions of £4,15912020= £4,086) in her capacity as a Senior Pastor. Miss A Eckleben. a daughter of Mr W and Mrs A Eckleben, was paid £19.56612020.. £10.129} plus pension contributions of £56012020- £2031 as an employee. Pr￿r to her employment she was paKI fees lotalling £nil {2020.' £85) for design a￿ork undertaken for the Charity. No remuneration wa5 paid lo any other trustee during the year nor to any person connected to them. Éxpenditure indudes £nil12020.. £3.926) for Mr W Ec*laben for mintslry trips to teath aTrJ support church plants and other church Jeaders meetings as part of his execulNe and oversight role. Otherwise, no trijstee received reimbursed expenses olher than for items purchased behalf of the urch. Employees The average monthty number of employees during the year was." 2021 Numb•r 2020 Number 19 20 Employrnent ¢o$ts 2021 2020 Wages and salaries Swal Security Costs Other pension eosts 640,663 55,182 33,044 547,639 52,680 31,976 728.889 632,295 The charity's activities are generajty carried out by v(Aunteers. There were no employees wfv)se annual remuneratM)n was ffl0￿ Ihan £60,000. 19- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 Tangiblg ffix•d assets Plant Fixtu￿ and G¢)mpLrtern fiilin#s Tot•1 Cost Al 1 July 2020 Additions Disposals 103.073 7,330 45.615 10,800 30,142 6,352 (7201 178,830 24,482 {720) AI 30 June 2021 110,403 56.415 35.774 202,592 Depreciation and Impalmient Al 1 July 2020 Depreciation charged in the year Eliminated in respect of disposa15 87.131 7.$07 39,455 4588 20.863 5.171 1200) 147.449 17,266 12001 AI 30 June 2021 94.638 25,834 164,515 Carrylng amount AI 30 June 2021 15,76S 12,372 9,940 38,077 At 30 June 2020 15.942 6.160 9,279 31.381 10 Debtors 2021 2020 Amounts falling du• within on• year: Tax recoverable Other debtors Prepayments and accrued ino)me 13,543 15,341 6.883 26,507 11,792 4.778 35.767 43.077 11 Creditors: amounts falling due within ¢)ne year 2021 2020 Trade creditors Other creditors Accruals and deferred inco 11,383 8,773 81.920 3,627 11,378 31.799 102,076 46,804 EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 12 0￿rating lease commitmenls Al the reporting end date the charity had outstsnding commitments for future minimum lease payments under nonrfancdlable operating leases. vthieh fall due as foll¢)WS: 2021 2020 Withln one year 83,334 11,596 13 Analysis of ngt a$sets betwwTr funds Unrestricted Restricted funds lunds 2021 2021 Total Unrestricted Restricted funds funds 2020 2020 Totsl 2021 2020 Fund balances at 30 June 2021 are represented by: Tangible assets Current asselsl (liabilities) 38.077 38,077 31.381 31,381 720.328 122.949 843.277 388,088 107,115 495.201 758,405 122.949 881.354 419.467 107,115 526,582 -21- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS ICOPlll14UEOI FOR ThE YEAR EPIDED 30 JUPIE 2021 14 Oe•lgnated fvnds 1 J*1019 1J*IOID ¥JyM2•21 Eurwean CtwJrthes Fund Ctyrrfwnity Presence Fund 3.411 291.869 25.415 {51.016} 37.471 15,2B1 3111.QUO 36358 137.7141 69,Q88 310.000 25.415 151.016} 55.582 325,2 36251 137,7141 379,08B . Europ•an ChUr¢kn￿ Fund Cummunty Fvnd EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 3Q JUNE 3021 15 Rèswi¢tedfund• YOJun•1421 ChidreD arf Y￿ F￿b￿k & ChLYc* Hontir Needyfam*es Propety Fund SIcu9h Property FufKI Siaff SuFWrt Tnunity Pre50fKe Lea09t5 Sth(i*sh4) F￿1 of Miilisty 2.175 Z.749 15 16.236 14.758} 165} 139.039} (728} 15• 11501 157,3511 111,5831 15,547 {1,$001 10,110 11221 27S 41477 6,815 6.$4J 46,328 6.643 &639 2CO.04B {182.626) 35.061 11.250) 11.sn) 194.616 {1843511 &432 145201 2.335 20,000 li￿741 231.417 IzyJ.oo) 107.115 203,789 1267.9551 121.449 EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMEp¥fs (CONTINUED) FOR THE YEAR ENDED 30 JUPIE 2021 15 R•#trfetsd fund# {Con11n￿ ¢hlldreTr an¢J yrwth F¢)odbank 10 5UPWrt the thal kndbank in Str*f(M ISS1¢￿5 & Church Plathti These funds a￿ usédts) mtsstyjn tnps and fOrSup￿ nv*d*Kth Nwdyfamill•s These funds are used t0￿p￿ ram11￿$ In n*J Prowmy Fund Fund5 given for our ol knawrylrenbry Ipurns 435.140 80.321 19 Analysis of ¢hanggs in net funds The charity no debt during the year.